/biz/ - Business & Finance

[Anonymous No.12935618]

Are oracles real? I'm starting to think not.

[Anonymous No.12935628]

>>12935618
oracles can lie, it’s a waste of time to solve the problem

[Anonymous No.12935629]

Wew

[Anonymous No.12935632]

Fucking yikes, Steve. Never gonna make it.

[Anonymous No.12935634]

>>12935632
But anon, oracles aren't real.

[Anonymous No.12935639]

[Anonymous No.12935643]

>>12935618
this is like asking a 9 year old about the jew problem
in about 10 years special steve will work it out

[Anonymous No.12935645]

>>12935634
New pasta fud

[Anonymous No.12935647]

>>12935639
Sergey is truly playing 5D chess.

[Anonymous No.12935651]

>>12935643
Where's your argument?

Where are oracles? Oh. They aren't real.

[Anonymous No.12935661]

Uhoh, Steve's breaking it down.

[Anonymous No.12935670]

>>12935651
oh for sure, you and steve have cracked the case
it's everyone else who think they need oracles that are wrong

[Anonymous No.12935676]

>>12935670
>implying there aren't a healthy number of gullible fools in the world

Linkoneeeeeeeeect

Lol, seriously though. Tell me how link can give me the temperature of somewhere in the world with absolute certainty.

[Anonymous No.12935681]

Imagine actually putting your money into any other project than Chainlink. Just fucking imagine that person. Probably one of those brainlet memes.

>whats an oracle problem
Lmao

[Anonymous No.12935682]

>>12935618
There isn't an oracle problem? Wtf I hate link now

[Anonymous No.12935687]

>>12935661
>like an art expert
Hahaha and he's supposed to be the smart one. What a pack of boomer retards

[Anonymous No.12935693]

>>12935681
Show me an existing oracle. Chainlink is glorified mob voting.

[Anonymous No.12935695]

>>12935687
>looks at point made
>resorts to namecalling

Uhoh, you don't seem to be able to refute his point...

[Anonymous No.12935696]

>>12935676
>absolute certainty
>what is the uncertainty principle

[Anonymous No.12935702]

Literally who

[Anonymous No.12935704]

>>12935661
So he saying there is an Oracle problem. He just doesn't know how to solve it. duh

Chainlink figured it out.

[Anonymous No.12935710]

>>12935695
>a relizable storage, you can use the blockchain to that
t.rakesh "steve" kumar

[Anonymous No.12935711]

>>12935704
>figured it out

Oh, did they come up with something besides node voting?

>>12935696
A regular thermometer is pretty certain.

[Anonymous No.12935730]

>>12935695
You don't deserve a rebuttal you fucking pond scum

[Anonymous No.12935732]

>>12935711
>node voting
aggregation and consensus

>a regular thermometer is pretty certain
no benefit in writing that sensor data to chain?
Jesus its like talking to a potato

[Anonymous No.12935737]

>>12935676
>Tell me how link can give me the temperature of somewhere in the world with absolute certainty.


So there are two factors at play.

1. A consensus is reached within a network of nodes, decentralization.

2. If a bad actor within those nodes gives false information they are penalized and the node operator loses a % of the LINK within the node. The penalty keeps the node operator honest.

So the best solution so far is Chainlink. a network of node operators having their LINK stack at stake and reaching a consensus. So far its the best system. Mining 2.0.

The node operators get paid with LINK. Also, the smartcontract creators will use nodes that carry a LINK amount/value that is proportional to the smartcontract in usage. LINK is used as collateral to the smartcontract value. Um, hello... there is no tokenomics in crypto that can match the value of smartcontract network like LINK.

[Anonymous No.12935743]

>>12935732
How do you make sure someone's not faking the data.

Like if I want to store potatoes based on the temperature of a region. Areas would have incentive to fake their data for financial gain.

[Anonymous No.12935748]

Thanks, just sold 100k steves

[Anonymous No.12935749]

>>12935737
How do you determine which information is true and which is false. You're only determining majority vs minority vote.

Chainlink isn't a solution because oracles don't exist. It's just creating a Rube Goldberg machine to give the impression of consensus.

[Anonymous No.12935751]

>>12935743
>implying liars are the majority of the consensus

[Anonymous No.12935753]

>He still calls an API an "oracle"

[Anonymous No.12935757]

Why do I get the feeling that thisbltest attempt by Skycoin to reel in new bagholders is going to backfire massively.

The smart thing to do with have been to claim a ‘partnership’ with link. Denying the oracle problem exists is going to risk their bagholders actually doing some research about the oracle problem. I guess they’re relying on the absolute lowest of the low IQ brainlets.

[Anonymous No.12935759]

>>12935751
What if they were just mistaken.

[Anonymous No.12935762]

>>12935759
Then they get penalized for being wrong.

[Anonymous No.12935765]

>>12935749
>impression of consensus
>twisting of definitions
Consensus is the majority vs minority vote. Read up on the terms you are discussing word salad speaker.

ITT typical sky thread

[Anonymous No.12935768]

How can oracles be real if our eyes aren't real?

[Anonymous No.12935769]

>>12935757
That 777 link shill was the one that dropped in to Skycoin's Telegram.

I hope they do some research though. They'll find that oracles don't exist and that link is pointless at best and a step below centralized sources of information at worst.

[Anonymous No.12935773]

>>12935749
as stated before. If you provide fake data you are penalized. its really simple.

[Anonymous No.12935774]

>>12935765
I'm speaking pretty plainly. I'll lower the reading level of what I'm writing though. I can explain those terms if you need help.

[Anonymous No.12935775]

>>12935737
But a consensus can be reached and still be providing a factually incorrect data. Instead of attacking, hacking or bribing the node operators, they can go straight to the source of the data. Life insurance policy via smart contract for example, bribe the doctor, medical examiner, or the county clerk that inputs the data, the oracles can still report accurate but factually incorrect data.

[Anonymous No.12935779]

>>12935769
Can you link me to any reputable articles or in fact any information at all other than ‘steve’ in a telegram chat that ‘oracles don’t exist’?

[Anonymous No.12935780]

>>12935773
How do the node operators determine what is fake and what is real?

More accurately, the system is majority vs minority voting, not real vs fake.

[Anonymous No.12935781]

>>12935762
And then the organization that relied on that critical data being correct is at a loss of millions with no one to repremand. Yeah this will totally work.

[Anonymous No.12935785]

>>12935743

The same way they do it now. with trusted hardware.
To use a temperature example - the same as the ones on the side of refrigerated containers that thousands of people worldwide have jobs checking at the docks all day and night.
Many would say manual checks are wasteful, that these should be automatically reporting to a system.
If insured, that system should be using oracles connected to smart contracts, those smart contracts should be triggered when a condition is met. etc

This is not about sourcing absolute truth, cos guess what, that potato store could be full of yams, this is about getting a reliable source of data into a tamperproof contract on the blockchain, in the most secure and reliable way possible.

You get IoT right?
Can you not see how IoT and smart contracts combined via the use of Oracles is a benefit to systems, automation, cost savings?

[Anonymous No.12935786]

>>12935779
>prove a negative

hahahahahaha, I didn't think you would try that, but you did.

Prove oracles exist.

[Anonymous No.12935790]

>>12935732
Well even masses can lie as well. Combine it with thinks like grassroots bullshit and stuff and we have given the elite power over the blockchain space. If there really was a decentralized json parser that was beeing fed information and is widely used in the dapp space i can garantuee you wealthy individuals and conglomerates are gonna try to feed it wrong information or even monopolize the feeding stream.

If link is trying to become that(why does it take so long to write an api + parser + concesus mechanism) then crypto is better off without it. And everything else is unrealistic as it just cant be done or do you think sergey and rory and his bull knows something science doesnt?

[Anonymous No.12935797]

>>12935786
I didn’t ask you to prove a negative I asked you to link me to any information other than ‘steve’ in a random telegram chat that makes the claim ‘oracles don’t exist’

[Anonymous No.12935801]

>>12935785
Yeah, but what if to save money on cooling a warehouse, the guy just puts the sensor in an icebox and bumps the temperature up ten degrees and saves a bundle of money.

Now imagine all of them do this and anyone that votes "incorrectly" when validating this data is penalized.

[Anonymous No.12935808]

>>12935775
Well theres more to it.

1. nodes carry reputation.
2. I don't agree that everything in this world will need a decentralized system. But many things do. I mean your mentioning doctors and county clerks but what about the other things in our world that will need trust minimization.

One of the first things that will use oracles is derivatives. So, think of pricing around the world that happens. markets around the world that happen. Gold for instance, all the commodities actually. interest rates, libor. securities. There are markets happening 24/7. not just one place and one price.

[Anonymous No.12935810]

>>12935790
>gonna try to feed it wrong information
absolutely.
want more reliability, add more data points

price of gold for example
get it from 8 different individual companies API's as sources and aggregate

some situations will be getting straight data to chain
some will be wanting a consensus from trusted parties

think of a trusted party as something like the bloomberg API. think business dont trust that now?
dont trust bloomberg? add Reuters and aggregate

[Anonymous No.12935812]

>>12935786
>prove a negative
>Prove that this variables value isn't three
> if(v !== 3) print("proven by negation!")
people who try to use general concepts in a unfitting manner are cute.

[Anonymous No.12935817]

>>12935801
>want more reliability, add more data points
>some situations will be getting straight data to chain
>some will be wanting a consensus from trusted parties

[Anonymous No.12935820]

Once again, do any of you sky shills have any info, articles, websites, YouTube vids, anything anywhere that claims that ‘oracles don’t exist’ or that the oracle problem doesn’t exist or is unsolvable? Basically any source of information other than ‘steve’ in a telegram chat.

[Anonymous No.12935825]

>>12935785
Bribe captain of container ship. Sticks thermometer on block of ice to keep reading content. Easier than bribing the oracles

[Anonymous No.12935828]

oracles are not possible

see: goedel's incompleteness theorem

if you can't understand that and its relevance, maybe you shouldn't be spending time, effort or money on mathematically backed experimental projects

[Anonymous No.12935829]

>>12935797
Not sure why you need validation from others, but we'll see if you understand the point of me giving you this: https://quatr.us/greeks/oracles-ancient-greece.htm

[Anonymous No.12935837]

>>12935810
Why do you need node voting or blockchain for any of this. It's cheaper and easier without the overengineered "solution" that is link.

[Anonymous No.12935843]

>>12935820
The just try to elicit an emotional response by speaking bullshit using hijacked definitions. Synth is a self-proclaimed NLP expert and you can see his very shallow attempt at trying that.

Focus on the definitions when talking to them, they will actively attempt to twist them.

[Anonymous No.12935844]

>>12935812
This is a terrible argument.

>>12935817

[Anonymous No.12935848]

>>12935817
Why do you need link, or blockchain for any of that.

[Anonymous No.12935853]

>>12935780
Your also not asking the right question.

If your are trying to bridge data to the blockchain or smartcontract You first have to ask what are the benefits of a blockchain/smartcontract?

Does centralized data even make sense for a smartcontract. Absolutely not. It wont work.You NEED decentralized oracles for the simple fact that smartcontracts is all about automation. dead data negates what smartcontracts are offering, 100% uptime without oversight (middlemen)

[Anonymous No.12935856]

>>12935634
Shit-

Giant actually has a solution to oracles by having node owners vet oracles. Reputation system. And only node owners have the option to be an oracle.

[Anonymous No.12935857]

>>12935837
I get it, you don't fully understand decentralization, and thats fine, it why Oraclize is a thing

There are smarter people who think the same way as you. you should be happy with yourself to even be asking questions, its proves you are not a complete brainlet

its also why LINK is $0.40
because most people are thinking like you right now
when it hits $40, you will think back to this thread

[Anonymous No.12935859]

>>12935844
>This is a terrible argument.
Nice statement. Care to argue it?
>typical skyschizo

[Anonymous No.12935861]

>>12935618
What app/chat site is this?

[Anonymous No.12935863]

>>12935820
https://pdfs.semanticscholar.org/1969/43e353af02702290ced102ff34181a87696c.pdf

[Anonymous No.12935869]

>>12935618
>>12935634
>>12935639
>>12935651
>>12935661
>>12935676
Skycoin needs oracles for their smart contracts to function. How have they not thought about this problem already? Is the team really that inept?

[Anonymous No.12935870]

>>12935808
So how did link solve the oracle problem, if the system only works when there are multiple Trustworthy sources? You think libor rates can’t be manupilated? We’ve decentralized the oracles, but not the sources. They’re still subject to degrees of trust.

[Anonymous No.12935872]

>>12935843
>state that oracles don't exist
>gives reasons
>"they're just trying to fuck with you! TWISSSTS!"

lol k

[Anonymous No.12935873]

>>12935863
>quick google search yielding something barely, tangentially related with sweat on his brow
nope

[Anonymous No.12935874]

>>12935853
Decentralized oracles would be nice, but how can link use them if they don't exist?

[Anonymous No.12935877]

>>12935874
They will after mainnet. Just wait a bit.

[Anonymous No.12935883]

>>12935856
If you're going to the trouble of vetting sourced information, why wouldn't you just use a few vetted sources? It would be cheaper and easier and more reliable.

[Anonymous No.12935887]

>>12935859
>"you weren't being proper enough"
Doesn't negate my point.

[Anonymous No.12935891]

>>12935870

oh man, your still not getting it. rates can be manipulated. Thats where decentralized oracles come in.

Anyways. Its hard to understand. I get it. Just study it more. the light will go on eventually and you'll want to be part of Mining 2.0.

Think about it.

Cardana, Bitcoin, Ethereum, Polkadot, Aion and so many others are using Chainlink and the single standard source for data. They are using them for a reason. And more projects are jumping on. Not only blockchains but exchanges as well.

[Anonymous No.12935893]

>>12935861
Telegram

>>12935873
It is, and you don't seem to be able to skim/grasp well enough in the short amount of time between those two posts.

[Anonymous No.12935896]

>>12935874

Link is the utility token within the Decentralized oracle network. It is the only token that can be staked and transacted with the network.

[Anonymous No.12935899]

>>12935869
Skycoin's CX is a deterministic application language, which is a head and shoulders step above using smart contracts.

What reliable data could you possibly feed to CX applications that can't be better discerned from validated resources?

[Anonymous No.12935900]

>>12935829
>https://quatr.us/greeks/oracles-ancient-greece.htm
m8 are you for real. I’m obviously asking you to link any articles or info that makes the claim that ‘oracles don’t exist’ as the word oracle is used in the blockchain space. Just lol.
I’m guessing that means that you can’t because no one is making this claim except for ‘steve’ in a random telegram chat.

[Anonymous No.12935901]

>>12935893
>skim/grasp well enough in the short amount of time between those two posts.
COPE

[Anonymous No.12935905]

>>12935891
Can you explain to a layman how Ethereum is using chainlink if chainlink runs on top of ethereum? Not fudding, just asking

[Anonymous No.12935906]

>>12935883
Incentives owning nodes I guess. Oracles are rewarded (with tx fees? or something) for providing good intel. Good question. I needed to break this down in my head for my next Giant shill thread. So thanks.

[Anonymous No.12935911]

>>12935891
But how does a voting system prevent manipulation? Or mistakes?

That's not a decentralized oracle, that's just anonymous voting. Oracles don't exist.

[Anonymous No.12935912]

>>12935906
*incentivizes

[Anonymous No.12935916]

>>12935896
>decentralized oracle network
You mean anonymous voting on what they hope is good data?

[Anonymous No.12935919]

>>12935891
I’m top 500 wallet holder. But ur delusional if u think link solved the oracle problem. I have no problem with the dec3ntralized oracle network part.... its the source of the data, factual correctness of the data, trust worthy ness of the data. It’s all beyond the control of the oracle network

[Anonymous No.12935921]

>>12935899
So things written in CX aren't smart contracts. Confirmed useless.

>>12935906
Never assume good will when talking to a skyschizo. Assume malicious use of language to defend their useless non-crypto. Remember they invested 7 years of development into something that's completely crap at the architectural level.

[Anonymous No.12935924]

>>12935863
>https://pdfs.semanticscholar.org/1969/43e353af02702290ced102ff34181a87696c.pdf
That paper in no way shape or form makes the claim that ‘oracles don’t exist’ or ‘the oracle problem doesn’t exist’

[Anonymous No.12935929]

>>12935870
You can't completely solve the oracle problem for everything. Chainlink does solve the oracle problem for all api's/data feeds with multiple accurate sources. If you try to input data into the blockchain without a concensus mechanism then nothing would be in the way of bad actors inputing faulty info into deterministic smart contracts guaranteeing the wrong parties get payouts. Chainlinks consesus mechanism is able to solve the oracle problem in a way that is superior to the competition because they use town crier and intel sgx to obsure the contract data so multipke oracles cannot collude to sybil attack the network. The chainlink network gas been setup in a way to prevent reputation farming and to prevent oracles to br incentivised to be bad actors. What this means is that all oracles on the chainlink network will only stand to profit by providing accurate and truthful data to contracts and that inacurate data will be thrown out.

[Anonymous No.12935934]

>>12935916
>malicious twisting of definitions in action
absolutely shameless

[Anonymous No.12935936]

>>12935900
>moving the goalposts
>appeal to authority
y i k e s

How is anonymous voting oracles?

[Anonymous No.12935938]

>>12935899
The whole point of this space is automation and trust minimization. Whats the point of using a validated resource if that source can experience downtime.

Don't you understand why Ethereum and Bitcoin is so popular? and why Chainlink will follow?

Bitcoin is a world powered digital currency
Ethereum is world powered supercomputer

World powered = "always on", unstoppable, never gets old, never gets tired, continuous, trustless etc....

Why would you use a non world powered data source to power the infinite powered supercomputer? it doesn't make sense. Once the data stops, smartcontract stops. Get it?

Chainlink is THE world powered data feed. (decentralized oracle network)

once chainlink goes live everything makes sense to use. thats why so many projects are on board.

[Anonymous No.12935939]

Lol fags buy bitcoin

[Anonymous No.12935943]

>>12935921
Read about deterministic languages. Smart contracts are just locked down baby versions of real applications.

[Anonymous No.12935946]

>>12935919
Its called trust minimization. its currently the best solution crypto has. thats why everyone will use it. I don't see another option now or for a really long time.

[Anonymous No.12935956]

>>12935936
Are you seriously claiming that you thought I meant ‘link me an article that talks generally about Ancient Greek fortune tellers?’

That article didn’t even make the claim that Ancient Greek oracles didn’t exist anyway. So you still fail.

Once again: can you provide any sources at all other than steve in a random telegram chat that makes the claim ‘oracles (as the term is used in blockchain) don’t exist’ or ‘the oracle problem doesn’t exist’?

Well?

[Anonymous No.12935966]

>>12935874
ok any shred of this being believable went out the window there. I mean it was obvious before but what you just wrote is on par with Jason Parser being Rory's dad. Get a life you absolute faggot.

[Anonymous No.12935967]

>>12935938
Ill say this again in simplified form.

Bitcoin is a world powered digital currency
Ethereum is world powered supercomputer
Chainlink is world powered data

The three make smartcontract usage possible.

[Anonymous No.12935973]

>>12935943
Not smart contracts, therefore irrelevant to crypto. Thank you for confirming.

[Anonymous No.12935975]

>>12935956
>inb4 some anon steps in and says don’t feed the shills.

I’m replying to this retard for the benefit of low iq lurkers who may get suckered into the Skycoin scam. It’s painfully obvious by this point that they deliberately target the most vulnerable.

[Anonymous No.12935976]

>>12935828

[Anonymous No.12935979]

>>12935934
"Being clear", you mean.

>>12935938
Get more than one source. Why get 50 sources and let them vote and pretend this is any better. Or an oracle for that matter.

I've yet to see a real world data feed problem that chainlink improves, rather than making more tedious/complicated.

>these three sources can provide you with temperatures in seconds
>link's api will let 20 nodes vote on the temperature and you'll get a response back in a few hours

[Anonymous No.12935983]

>>12935946
Ah, just like PoW is the 'best' solution crypto has while coins are getting 51%'d left and right.

[Anonymous No.12935991]

>>12935979
Clearly manipulative you mean

[Anonymous No.12935993]

>>12935956
>>12935975
Chainlink claims to be an ancient greek fortune teller.

In reality it's anonymous data voting.

Oracles don't exist.

[Anonymous No.12935994]

It’s really sad. Literally all they had to do was to claim a partnership with chainlink like all the other shitcoins are doing and they might have even reeled in some more bagholders but instead sky went full retard and just denied there is even a need for oracles. Just lol.

[Anonymous No.12935998]

>>12935979
"get more then one source"??

so you the smartcontract creator will pick the source and you expect the parties involved to trust you????

Again, your not getting. You just killed the whole point of smartcontracts.

[Anonymous No.12936001]

>>12935993
>chainlink claims to be an Ancient Greek fortune teller
>he thinks blockchain oracles are literally Ancient Greek oracles

Lmao

[Anonymous No.12936002]

>>12935966
I don't know what the fuck you're talking about but I'll assume it's some Harry Potter shit.

Link is anonymous voting. Oracles don't exist.

[Anonymous No.12936006]

>>12935967
Why would anyone trust data from chainlink rather than data sources they choose themselves?

[Anonymous No.12936010]

>>12935994
>instead sky went full retard and just denied there is even a need for oracles
They are known to be be a bunch of literally deluded schizophrenics

[Anonymous No.12936011]

>>12935973
Sure it is. It's full-fledged applications on blockchain.

[Anonymous No.12936018]

>>12936001
Nah, blockchains aren't. They're just a linked list of verifiable data.

That chainlink pretends to be able to import data from the real world in any objective way is false. Oracles don't exist. The oracle problem is not solvable. Anonymous voting is not solving the oracle problem.

[Anonymous No.12936035]

>>12935998
Why not just have all involved parties agree to the source of data.

That's way easier and more reliable.

I get it alright, and I get why it's completely pointless to try to pass off anonymous voting as anything more than just that.

[Anonymous [O1G] No.12936055]

>>12935938
the only problem is in every use case you include chainlink in it works the same without it.

[Anonymous No.12936072]

>>12936018
And again can you provide any links to any sources whatsoever that also make this claim other than steve in a telegram?

[Anonymous No.12936101]

>>12936072
>hey guys, oracles definitely exist, I googled them and couldn't find results for anyone saying they didn't

fucking lol

[Anonymous No.12936120]

>>12936035
Are you honestly expecting the parties, you or I, to understand which sources are reliable and accurate?

I just want my money depending on a certain outcome. Why make me do more work and study the source of data and the smartcontract.

Especially whent he guy next to you is offering a minimized trust solution like Chainlink.

But again, not one of you have come up with a solution for a 100% uptime central source of data. You guys can't cause it doesn't exist. Decentralized oracles is the only solution for that.

[Anonymous No.12936125]

>>12936055

Ive given you plenty. You just don't want to learn.

[Anonymous No.12936127]

shitcoiners fighting each other are adorable, like greedy little pajeets trying to get as much of the dung pie as possible instead of bandying together to build a real bakery

[Anonymous No.12936130]

>>12936120
Yes. You clearly have no business acumen.

>so how we going to agree on data for this multi million dollar business contract
>idk, let let anonymous people vote on it lol

How can you trust chainlink when oracles don't exist? It's anonymous voting.

[Anonymous No.12936137]

>>12936006
Dude, the whole point of a smartcontract is so that one of the parties is not choosing the source of data. This option right here encourages fraud. duh.

[Anonymous No.12936139]

>>12936125
>learning to waste time and money

I'm sure businesses will leap at the opportunity to waste both.

[Anonymous No.12936155]

>>12936130


And still you are not asking the most important question.

besides choosing the source of data and whether that data is accurate or not you still haven't solved the downtime issue.

this can only be solved via a decentralized oracle network.

[Anonymous No.12936157]

>>12936137
Why not do it the way it's always been done, both parties choose a source or sources of data.

Putting it up to a vote of anonymous people A. removes any legal discourse for provably false information and B. removes any real way to validate their ability to validate data.

It's a risky lose-lose. Why would I want data voted on by laymen.

[Anonymous [O1G] No.12936161]

>>12936137
but all worthwhile data sources are centralized authority based trustful. this is the problem with link right now, the world makes it redundant and an unnecessary complication that may or may not even work.

and an other point, chainlink could be the glue that holds this smart contract ecosystem together but most people may prefer nuts and bolts and welding and screws to fucking glue.

[Anonymous No.12936162]

>>12936155
Or just contracting more than one data source.

Why overengineer this hulking non-solution when you can just hire two data agencies for less money and better cross-referencing?

[Anonymous [O1G] No.12936167]

>>12936125
all works the same without it

[Anonymous No.12936181]

>>12936130
You don't have to trust the chainlink network, thats the fucking point (TRUSTLESS). Its guaranteed because node operators put up their money saying they're going to deliver the data correctly from source A to your smart contract, and you can have multiple nodes so any attack or potential of failure getting the data from the source YOU CHOOSE to your smart contract is guaranteed 24/7. If a node operator provides false data, there are x number of other nodes looking at the same source of data YOU CHOSE and because they don't know each other they are incentivized to provide the correct data for stinky linky rewards from the network. If your data doesn't match the others, you will be penalized by giving up a portion of your staked collateral.

But just to break it down for you brainlets, you can trust the network because the cryptographic technology of blockchain makes it possible via protocol level consensus algorithms.

[Anonymous No.12936215]

>>12936181
Why would I trust non-specialized people to be proficient at discerning specific types of data? Like analyzing available oil deposits.

All this is, is a majority vote, which makes node owners anxious to do anything other than go with the "correct" answer, even if it's wrong. There is no oracle element here and nothing better than walking in to a mall on a weekday afternoon and taking a show of hands about a crowd's opinion on something is.

Anyway, I'm off to work with something that actually exists. Skywire and a decentralized bandwidth market. Good luck boys.

[Anonymous No.12936247]

>>12936215
>failed to argue his point
>decides that he doesn't have time to argue, yet he is still correct
typical skyschizo

[Anonymous No.12936268]

>>12936215
Node operator's are not
>discerning specific types of data
They're pulling APIs from the API sources you decide you want for your smartcontract and the node operators are providing those API data feeds to the network through a chainlink node and this deteremines via protocols for consensus and aggregation how the requestor wants that data ultimately "Discerned" for the automatic self-executing payouts to settle.

Its 24/7 uptime relay of data you can trust hasn't been tampered with from the source to your smartcontract, allowing for future event contract execution as determined by prearranged terms.

Before you go, when you get a tattoo like mcafee's, please post it to biz.

[Anonymous [O1G] No.12936280]

>>12936247
he is right tho it's just a distributed voting gambling thing, but it has to be because that's all you can do on-chain with crypto. that is mostly the extent of it's capabilities. so if you can make oracles with that in a way where they actually provide value fine, if not nobody will use them but keep on relying on trusted authorities as sources of data except they will timestamp and sign their data so it becomes immutable and useable by smart contracts via user action.

[Anonymous [O1G] No.12936290]

>>12936280
and this is an other point btw in favor of distributed oracles if they are distributed enough, you can rely on them to drive your smart contracts without you being constantly online. but how much you can trust them is something the future will decide. not that however this is a thing of convenience not necessity.

[Anonymous No.12936316]

>>12936101
>hey guys oracles don’t exist! What’s my source? It’s this guy called Steve in a telegram chat! Dude trust me! Even though literally no one else thinks this I’m definitely right!

[Anonymous No.12936449]

I can smell the curry coming out of the stinkies pores as they’re sweating so much after being btfo in this thread

[Anonymous No.12936702]

>>12935661
>oracles provide outside information
Based Steve shilling Chainlink.

[Anonymous No.12937194]

this thread has become relevant for newfags through the endless feeding of the troll. hats off to you guys though, i would have ragequit responding to this insufferable faggot long long ago

[Anonymous No.12937387]

>>12935919
there is nothing like facts for our brains, reality is a construct, a human construct, and this chainlink system improves how the objective realities are created by consensus, It can't improve our brain's limitations.

[Anonymous No.12937397]

Testing if banned, excuse me sirs

[Anonymous No.12937427]

>>12935618
Cardano using chainlink? What the fuck is this guy smoking.

You linkies scraping the fucking barrel to sell your bags of a fucking failed erc20 token

[Anonymous No.12937564]

>>12935781
Nice b8 m8

[Anonymous No.12937617]

How the fuck is this shit even possible

[Anonymous No.12938070]

This entire thread is people bashing their heads in with a rock trying to explain to OP a decentralized stream of data.

It’s not worth your time attempting to explain things to these people. Anyone invested in Skycoin is so far detached from the direction of this market that they will have trouble understanding even the most basic functionality like decentralized oracles, which is only a small part of Link’s network. These people couldn’t even explain to you what psd2 is and why we got excited about link in the first place. These people have not even the slightest iota what ISO 20022 is and cannot tell you what ASIP stands for.

Any new linkers who just hopped
On board the past couple months, arguing with these people is a zero sum game. They will never get it until they come to the conclusion on their own. It’s not worth the time or effort holding their hand and helping them along the process. The reason not many OG link investors post here is because there is nothing to debate. Nothing to argue. Any argument a brainlet who first FUDs link tries to come up with in their shitty thread has already been brought up 100+times over in the daily threads we’ve had about link for the past year. And every if, EVEN IF you manage to convince a brainlet and he finally sees the light, 3 more will pop up the next day with the same shitty argument and their heels dig deep in the dirt.

[Anonymous No.12938298]

>>12937427
Um yes Cardano will be using chainlink as well. Literally everywhere. No wonder why your poor. Can even research right.

Towncrier tech is chainlink tech.

[Anonymous No.12938331]

>>12938070

[Anonymous No.12938359]

>>12936268
Why do I need a blockchain platform rather than just using a few api sources myself?

[Anonymous No.12938372]

>>12938359
You need to accept that the Earth is flat and "Space" isn't real.

[Anonymous No.12938373]

>>12936316
>the bible says god is real so he's definitely real
Your secret code name: Circular R

[Anonymous No.12938380]

>>12937194
That's not an argument you little bitch.

[Anonymous No.12938387]

>>12935618
>46 posts
get a fucking life my dude

[Anonymous No.12938391]

>>12938359
Because.... you want to use a smart contract to automate your work?
Do you understand the subject matter at all?

[Anonymous No.12938395]

>>12937387
How does anonymous voting prove objective reality?

>>12938070
Nice reductionist speech. Doesn't change the fact that link has "anonymous mob voting", not "decentralized oracle nodes".

[Anonymous No.12938410]

>>12938387
Your secret code name: Pot 2 Kettle

[Anonymous No.12938412]

>>12935618
They're $45k per CPU real and you must pay for all CPU in the cluster whether it powered on or not

[Anonymous No.12938421]

>>12938410
Can I have one too?

[Anonymous No.12938422]

>>12938412
What the fuck are you talking about.

[Anonymous No.12938467]

>>12938422

[Anonymous No.12938573]

Why didn't anyone explain town crier or intel sgx to OP? This thread would have been over in 10 minutes max. Noone actually refuted OPs argument they just yelled at him that "oracles need to be decentralized or smart contracts will fail" over and over again.

[Anonymous No.12938695]

>>12938467
The better analogy would be
>we pay 75 attendants to manage this parking garage, enough guys voted that you parked in C-6, so that'll be $10 x 6.

[Anonymous No.12938766]

>>12938573
This is the funniest part. There's valid counterpoints that I wanted to get in to further, but this group is incredibly lazy.

The result is the same though, no matter the depth of the conversation. Oracles aren't real and link is nothing more than a glorified mob rule system.

[Anonymous No.12938798]

>>12935651
bullish for sky IMO. calling a fucking api aggregator an "oracle" is so cringe... almost as bad as all you faggots that bought it thinking enterprise people would use some flannel faggots crypto ICO ponzi instead of relying on salesforce.com or another trusted industry leader for their API aggregation. What a joke.

[Anonymous No.12938823]

>>12935891
Ding ding ding

[Anonymous No.12938841]

>>12935749
How the fuck do you penalize someone who's simply pulling data via API when the API SOURCE IS THE ONE PROVIDING THE DATA...Are you going to penalize ESPN if they report the score of a game wrong initially - or the last play is overturned? You faggots don't have a clue what you're talking about and clearly haven't coded a single line in your entire life. You sound so stupid.

[Anonymous No.12938860]

>>12938841
everything you wrote makes me 100% confident you are very low IQ

[Anonymous No.12938957]

>>12938841
>you don't code so there's no way you could understand the overreaching logic
I'm actually a dev but that has nothing to do with this, lol.

Why do you need a blockchain middleman for an API? Just use the api data. Or confirm from a few sources.

Why do you need this redundant extra system to "provide" data that is already being provided?

You don't. And you can't, because oracles don't actually exist. Why is randoms picking data sources for me and letting them vote better than me just picking a few data sources?

[Anonymous No.12938974]

>>12938823
>think about it
>appeals to authority
hahahahahahahahahah

[Anonymous No.12938982]

Hi yes sky, i'd like to know how you guys plan to deal with my lambo problem?

[Anonymous No.12939045]

>>12938766
I won't deny it but its a mob wins system where the mob is only incentivised to provide accurate data. Thanks to town crier and intel sgx oracles won't know what contracts they are providing data to, they won't know how many of their oracles are providing data to the same contract, they won't know how many other oracles are also providing data to the same contract or who is running the other oracles. There won't be any incentive to colude with other oracles in the same contract to provide inaccurate data. There is slso going to be an unfarmable reputation system which ranks each oracle by how good of an oracle they have been so if you keep providing bad data or don't provide data when you have been requested to provide data noone will use your oracle.

[Anonymous No.12939176]

>>12939045
You mean what the mob "thinks" is accurate data. Or more specifically what is popular data.

Node reputation will be reputation built on "popular but not necessarily accurate" data. And manipulation efforts will only be checked against "popular but not necessarily accurate" data.

Why not just have each side pick a few data sources from mutually agreed upon selection pools. Much more trustworthy and much more difficult to manipulate and much more able to be inspected before and after data providing.

Again, there's no gatekeeping over what is "good" and "bad" data, which is the entire point of an oracle.

Would you rather
>A. have 24 people vote on the value of a used 1954 Mercedes-Benz W196, in which they'll google the value and vote on the first result
>B. Hire an arbiter to vet and hire three independent midcentury European vehicle experts to personally evaluate the condition and status of the car, and thus its worth, operating anonymously until they deliver their analysis.

[Anonymous No.12939573]

>>12939176
First off that example about the value of a mercedes is not a good example for what chainlink will be used for. Chainlink will be used for high value smart contracs that rely on easily varifiable data like market price data of stocks/cryptocurrencies, temperature/windspeed data in a location for insurance payouts, market interest rate data for bank payouts like bond coupon payments. All of the data that oracles will be verifying is available from multiple trustworthy sources already. The reason that using a decentralized system like chainlink trumps using a single source for market data like nasdaq for high value smart contract payouts is that nasdaq could provide inaccurate data which would make them get a smart contract payout worth a few billion dollars and noone would be able to stop them from taking them money. Chainlink basicly forces those highly reliable data providers to be trustworthy by making sure they only have financial incentive to tell the truth.

[Anonymous No.12939674]

>>12939573
>>12939176
Cont.

In the current system if nasdaq provides price data on a stock for a payout many parties have to oversee that the contract executes accurately. If nasdaq were to provide inaccurate market data for a contract that needed a payout someone would likely notice that the data that nasdaq provided was false and correct the faulty data and even if nobody noticed the anaccurate data, and the wrong party got a payout based on the faulty nasdaq data, someone would notice that they didn't get paid when they should have or that they lost money when they shouldn't have and the corresponding bank parties would move the money over to the correct account.

What's important to understand about smart contracts is that if the wtong party gets paid because of faulty data no third party like a bank can go in and reverse the payment. Therefore, for smart contracts that require data from the real world to function, you need to be completely sure that the data inputted into the blockchain is accurate otherwise the wrong parties will be paid out irreverably.

[Anonymous No.12939698]

Amoveo has the best oracle design

[Anonymous No.12939858]

>>12935618
What stupid fud. Chainlink is the generalization of oracle approaches. The best oracle approach will emerge from this general community of competing approaches (through gaining reputation). For example:

Augur as a complex Oracle is absolutely a killer idea, but it may not be suitable for being the sole barometer for proving the occurrence of some event. If you got Augur to sell their complex oracle service over a generalized oracle network (chainlink), you now have the option to amalgamate Augur's oracle output, Maker's oracle output, a bunch of fucking NEETs' oracle output, Thompson Reuter's oracle output, etc. The list goes on.
The solution to the oracle problem is to just freely exchange information and dont take ownership over any of it. It's a radically different way of thinking about "tech business" (which is really just information tech). Silicon Valley rests on a wobbly foundation of data revenue.
The Blockchain is just about to swallow up Wall Street. Next is Silicon Valley itself. Data is the value here.

[Anonymous No.12939903]

>>12939573
>>12939674
A. I there's multiple trustworthy sources already, why is Chainlink needed. I can write a script in a few hours that pulls temperature data from multiple sources and throws out sources with too much variance.
B. Why would I give up the ability to select what I deem quality sources.
C. Cross referencing data providers prevents fraud without needing to rely on amateur/unvetted data sources.
D. Chainlink only forces data providers to vote on what they think/hope others will vote on.
E. Chainlink does nothing to make sure the data inputted in to the blockchain is accurate.It only makes sure what is inputted is "popular".

Your entire argument comes down to "all this would be nice and could work like this" if oracles were real. But they're not.

[Anonymous No.12939910]

>>12939858
Chainlink is the generalization of non-working oracle approaches trying to pass off popular anonymous voting as an oracle service.

[Anonymous No.12939936]

>>12939903
your idea of how chainlik works is incorrect, you specify what you want

[Anonymous No.12939943]

>>12939936
Yeah, I'm describing a better non-blockchain solution.

Chainlink offers no improvements over standard API use.

[Anonymous No.12940399]

>>12939910
No, it's an incentive structure for the emergence of a robust oracle system. You're just pessimistic and can't see the bigger picture. There's a reason why Sergey does what he does with a philosophy background.

[Anonymous No.12940409]

>>12940399
Sergey has most likely given an equal amount of LINK tokens to everyone, on the premise that the best way to get a working oracle is to compete to be the best oracle

[Anonymous No.12940447]

guys please listen. there is no way that corporations with armies of seasoned engineers can create what some random fat guy with one shirt from russia did, ok? BUY LINK TODAY

[Anonymous No.12940473]

>>12940399
Robust anonymous voting system, you mean.

Realizing that oracles don't exist –is– the bigger picture on both technical and philosophical fronts. I'm actually a very optimistic person and have an active interest in blockchain adoption and use cases.

Oracle larping does not help. You're almost as bad as holofags going on about biology.

[Anonymous No.12940478]

>>12940409
there's a lot of moralistic persuasion involved in getting companies to give-in to the idea. You could grease it by giving LINK tokens out for free in exchange for a contract to actually run the software when mainnet is out (what's the risk to reward here?). Also you'd need a sense of legitimacy, so simply having top notch advisers (Gonser and Juels) won't cut it. You need to publicize that truly they are involved with the development of this thing. So you 'purchase' Towncrier to visibly prove you have the resources and talent and Ari Juels' blessings. You also do a talk with Tom Gonser, associate him with Docusign and the product, and then bring him on an an adviser *after* the fact. Just to speculate, this trend of publicly involving advisers could continue, and so we could see Evan Cheng actually do a talk with Sergey himself. We all know Facebook is desperate to show that they are decentralized and less powerful - blockchain is the number one way right now. This is all interesting in the context of Trust Execution, because if there is a backdoor, this is all just a facade to gain public trust, while still continuing unethical data practices. Ultimately if that is the case, then Chainlink is literally in bed with the Military Industrial Complex, and so it's going to make a lot of people really rich. I honestly don't care one way or another. It's just the way the world works, I guess. I can't blame them for capitalizing.

[Anonymous No.12940489]

>>12940473
No it's an incentive structure for the emergence of a robust oracle system. I mean that literally. We don't know exactly the answer to the problem.

[Anonymous No.12940497]

>>12940478
>slather people in weaselwords until they buy your product

This sales technique has worked on biz, I'm not so sure you'll have any luck with anyone besides midlevel boomer management looking to cut corners.

[Anonymous No.12940525]

>>12940489
Yes, just like the Christian fiction series Left Behind is an incentive structure to prepare for The Rapture. I mean that literally.

You're literally throwing things a wall and hoping something sticks. Oracles don't exist and you're not going to be able to automate objectively, verifiably true information on blockchain.

The best you have is voting. https://mentalfloss.com/article/52524/15-polls-hijacked-internet

[Anonymous No.12940531]

>>12940473
Buying chainlink is a hedge on the oracle market, if you don't see that, then oh well. This lack of an Oracle Solution is unironically an infrastructural calamity waiting to happen. It's that valuable. So we need all hands on deck to figure this out, and market-based mechanisms seem to be the best way to find solutions to existential threats. Again, if you don't see this, remember that not everyone makes money all of the time and don't injure yourself mentally or physically when oracles become a major part of the industry narrative.

[Anonymous No.12940563]

>>12940531
what oracle market

[Anonymous No.12940565]

>>12940525
You can't 'buy' reputation like $REP (Augur), but you can buy the potential to tell an oracle what to do, and in doing this you generate reputation. Now if it's not clear that a prediction market is the best oracle in every single case an oracle is needed, then you necessarily need to expand the software to easily allow other implementations, so that the market of data-seekers can over-time decide with approaches are useful for which kinds of contracts. This is unironically some of the most important societal-level experiments in history, and you're trivializing this issue of determinism, which has plagued humans since the beginning of history.

[Anonymous No.12940581]

>>12940563
precisely the problem. chainlink is the creation of an oracle market, which previously didnt exist. dude just consider the fact you're wrong for a moment and listen to what im saying. you can stick with ETH/BTC or something in the end

[Anonymous No.12940635]

>>12938070
We’re not arguing with them to convince them. They’re just paid shills. We’re arguing with them for the benefit of lurkers who may be thinking about putting money in the blatant scam that is Skycoin.

The people posting ‘oracles don’t exist’ don’t actually think that. It’s a moron filter. Synth wants that absolute lowest of the lowest IQ brainlets to buy into his scam because they’re easier to manipulate. By deliberately spreading retarded shit like ‘oracles don’t exist’ he filters out any sceptics or half way intelligent people.

[Anonymous No.12940646]

>>12940565
Why would blockchain help solve any of this.

>>12940581
This isn't an oracle market, it's an anonymous popular vote market.

I'll stick with projects that don't pretend decentralization can ever solve oracle problems. Decentralized functions have existed before blockchain.

>thermometer data in a city is collected
>highest reputation node's thermometer is off by five degrees
>other nodes start to tweak their thermometers to make sure they don't deviate too far from the voter with the highest reputation
>a new node operator installs and calibrates their thermometer
>gets penalized because he loses to the popular vote

so oracle such wow

[Anonymous No.12940720]

>>12940635
Same. So far Steve's argument and my argument are much more compelling. I know this because I sent this thread to an anonymous voting market and they very professionally evaluated the content of this thread and voted with their high reputation nodes. They also voted to let me know that you goofy as hell boi.

>tfw too smart to think critically about oracles
Skycoin is pretty good though. Bandwidth markets already exist. Oracles do not.

I could make an API voting bot on Skycoin's Fiber platform in which communities vote for popular API feeds that people can subscribe to. That's actually a much better idea and much easier to implement.

Link Fiber has a good ring to it.

[Anonymous No.12940750]

>>12940720
>Skycoin is pretty good though
Nope. It's a failure of a project across the board.

[Anonymous No.12940800]

>>12940750
Nah, I like it. The coin's fundamentals are pretty good. Coinhours are genius.

Skywire will be Bittorrent+Tor on steroids.

[Anonymous No.12940832]

>>12940646
>so oracle such wow
Yeah only that hasn’t fucking empirically happened yet since there is no system in place to measure this kind of stuff. Blockchains are inherently about provability. If that were happening then just fucking fork the network. Everyone’s code is open-source for a reason. Keeps everyone in line with the mission.

[Anonymous No.12940853]

>>12940800
You seem to have a taste in rubbish. Do you also enjoy licking trashcans?

[Anonymous No.12940882]

>>12935899
>step above smart contracts
lmao oh anon, you're adorable pumpkin. you don't have real applications without smart contracts. literally a dead project lol

[Anonymous No.12940888]

>>12935693
Show me an existing distributed ledger. Bitcoin is glorified mob voting.

[Anonymous No.12940901]

>>12940832
>just fork the network
hahahahahahahah

These nodes are anonymous too, good luck ever diagnosing what high reputation person has the faulty thermometer.

Blockchains are inherently about provability for whatever was recorded. That does nothing to prove WHAT was recorded as true or false, or if everyone simply voted on the popular data rather than the correct data.

Ask yourself why Wikipedia is still centrally controlled by a handful of mods. Why haven't they opened their entire platform up to reputation based voting, hahahahahaha.

[Anonymous No.12940924]

>>12940888
BTC really is glorified mob voting. Especially when a few miners control at least half the mining pools.

Hashgraph is okay, but has its own problems. Skycoin's Obelisk is pretty decent in theory and has reputation elements, but is unreleased.

[Anonymous No.12940944]

>>12940888
the difference is bitcoin is based on math, chainlink is entirely dependant on third party centralized sources of data.

in other words, chainlink is fundamentally limited and held hostage by these third party centralized sources, and they can't do anything to prevent bad data getting into their system. once it's in there, theres no way to remove it.

they've not even attempted to solve the "oracle problem".

[Anonymous No.12940960]

>>12940882
You can create smart contracts within applications. Smart contracts are just hobbled applications to keep them from playing by a very specific set of rules.

It's like soldering together a series of logic gates on a rudimentary circuit board. Really basic functions. Skycoin's CX is akin to getting all that plus a CPU/RAM/ect. to actually interact with the blockchain. It's powerful enough to pause/resume application states on-chain.

It would solve the PoWH copycat problem we had on biz last year.

[Anonymous No.12940977]

>>12940912
never trust a project with a logo that is cubic/angular

[Anonymous No.12941130]

>>12935618

I asked my 7 year old nephew about Calculus 3 and he said "What Calculus 3?"

Maybe choose who you are asking a little more wisely.

[Anonymous No.12941146]

>>12941130
I asked a skyschizo about cryptocurrencies and he said "Sky is one!"

Maybe choose who you are asking a little more wisely.

[Anonymous No.12941257]

>>12941130
seriously though, what oracle problem

[Anonymous No.12941293]

>>12940901
>Blockchains are inherently about provability for whatever was recorded. That does nothing to prove WHAT was recorded as true or false
yes it does. if a contract executes without dispute, you can assume there was truth. what other bullshit do you want to throw at the wall?

>Ask yourself why Wikipedia is still centrally controlled by a handful of mods. Why haven't they opened their entire platform up to reputation based voting, hahahahahaha.
ask yourself why Wikipedia has to fucking pathetically beg for funding. You're such a smug little shit lmao. You deserve to be in the bottom half of society simply because of your attitude problem.

[Anonymous No.12941433]

>>12941293
>dispute
>nobody gets paid
Yeah, I'm sure that will happen a whole lot. How are you going to solve the problem of everyone voting that a temperature is ten degrees below what is actually is because all the top rep nodes vote that it is?

>beg for funding
Because they're donation based. I hope you don't think that means that if they just switched to incentivized anonymous reputation based voting they would be making money. Fucking lol.

>smug
It's hilarious that you see me as some kind of demon just because I'm presenting an argument. It's a good sign that you're doing mental gymnastics.

[Anonymous No.12941573]

Ultimately what differentiates a Linker from a No-Linker is the desire to give value to the world and the desire to hoard value from the world. One is masculine and the other is feminine. In the 21st century, during which capitalist societies start to behave like the also inherently corrupt socialist and communist societies, there will be a new system set up. This system will necessitate the equal giving and taking from society, and this only can happen if we run our own software, own our own data/identities, own whatever asset we want to own (however small of a fraction that is). Money truly becomes liquid. It becomes the ETHER that drives our reality. It flows by the millisecond, and more and more people will have access to this liquidity and leverage. If they participate in helping out the network, they can reap these benefits entirely. This is a fundamental shift from a world run by women, a world that is fundamentally feminine, a world that only takes and takes and takes. Women have been running history using and abusing powerful men for ages. These feminine energies are subversive, and are now trying to trick the world into staying dominated by feminine thought, the idea of taking from everything and everyone around you. The most powerful thing you can do is stop this behaviour yourself, and become a person that has something to give to the world, and is ready to learn about software and technology to further this end. If you aren't with the program by the time it takes off, or rather if you don't have a stake in this Brave New World, then you quite literally are a certified 'taker', a whore, a prostitute, a complete Untermensch

[Anonymous No.12941595]

>>12941433
Yeah as if i'm not presenting arguments also. If you have to now claim that I'm doing mental gymnastics, it would take mental gymnastics to prove that I'm not doing mental gymnastics. Very classic bitch move. see >>12941573. Kys or get with the program

[Anonymous No.12941638]

>>12941433
>Because they're donation based. I hope you don't think that means that if they just switched to incentivized anonymous reputation based voting they would be making money. Fucking lol.
I didn't say that they would make more money, but I pointed out that they don't have the money to expand to hire more mods or bring on data scientists or something, which directly attacks your assumption that 'Wikipedia is run by a small number of mods because it's better that way'. Obviously you're not good at this, so you have to claim that I'm doing mental gymnastics, because you're a dirty little whore with a cuckold fetish. Bitch.

[Anonymous No.12941668]

>>12941573
A blockchain anonymous voting system has nothing to do with the philosophical duality that you're describing. Chainlink is not an oracle and thus has no bearing on your ideas.

A more clear way to present this concept is in the vein of Ayn Rand's "creators" vs "destroyers". A much more palatable version of what you're trying to describe.

[Anonymous No.12941695]

>>12938860
Explain it then faggot. You can't because I'm 100% correct. You cannot penalize people who aren't even playing your stupid fucking Ponzi game retard. And if any node can just pull in whatever the fuck API they want this whole thing is so stupid you are all going to lose every fucking penny you have invested and I will laugh all the way to zero shorting you into the fucking ground.

[Anonymous No.12941739]

>>12941668
>A blockchain anonymous voting system
is not what I was talking about in the slightest. I'm talking about the next evolution of citizenship, not some duality bullshit that is the problem in the fucking first place. If you own LINK, you're in tune with the zeitgeist, period. Same with ETH, same with BTC, same with DAI.

[Anonymous No.12941782]

>>12941595
Your arguments are flawed. The first greentext focused on the mistaken assumption that recording information to a blockchain means its valid.

Your second greentext tried to highlight Wikileaks as a failed system because it runs on donations. You failed to address my argument that they use a central editing staff to resolve conflicts, there's zero automation, reputation, or voting.

Walls of text designed to tire don't work on me.

>>12941638
I do like the thought of being the guy longdicking someone's wife.

[Anonymous No.12942189]

>>12941739
Link is a glorified api server worth maybe $500,000.
Ethereum is a zombie project in which all the competent developers have left. It will straggle on for a few years before actually dying.
Bitcoin will probably continue on for a while. It's the only one with actual adoption and an actual future.
DAI, hahahah
Skycoin is integral as the first true crypto based platform that will take products and functionality to the next level in the same way that Apple proliferated iOS and app stores.

[Anonymous No.12942570]

>>12939903
>A
If you needed to pull that data for use in smartcontracts involving money, you'd want assurances the temp data doesn't get hacked. Having a decentralized oracle network solves that problem; as far as we can tell. We've spent 2 years on biz debating it and sergey has spent 7 years or something working on it.
>B
You dont. You select the sources of data, the node selection criteria is based on the amount of decentralization you want to feel secure. Perhaps you only select one node from one source for a $1 million dollar smart contract and before the data gets retrieved by the SC it gets hacked by a third party which presents false data to the smartcontract and you lose your $1 million. Probably should've selected at least two sources, huh?
>C
Cross referencing data providers does nothing to assure you that the data hsn't been tampered with before its delivery to the SC, especially if those parties colluded to (((scam))) you.
>D
No.
>E
Yes, that's the point. It prevents attacks which enable 24/7 uptime of reliable data for use in self executing smart contracts

>Oracles aren't real
Are NPCs like you real?

[Anonymous No.12943083]

bump for moar fud

[Anonymous No.12943273]

>>12943083
Is it fud if I'm objectively right though.

[Anonymous No.12943776]

>>12942570
But it's not a decentralized oracle network, it's a decentralized network of nodes voting on a temperature and anyone that doesn't place their reputation-weighted vote with the majority is penalized. This doesn't discern truth, it only discerns a popular vote, heavily influenced by reputation.

I'll better outline the scenario I described earlier:
>Node1 has a reputation of 100 and is reporting an outdoor temperature of 80 degrees.
>It's actually 70 degrees outside but a bird has made a nest on top of the rooftop-mounted thermometer which is skewing the data higher than what the temperature actually is.
>There's only two temperature nodes currently in this area, Node2 just got a thermometer and has a reputation of 10 and sees that his data is way off, he's not going to be making any money
>Rather than take that risk, he tweaks his thermometer to report ten degrees above, just like Node1 and he gets paid.
>A year later, there's now ten nodes in the area. As each has gone online, they've all taken the natural path of maximum profit and minimal risk.

Decentralized voting on data isn't particularly valuable, and it's better done by specialized agencies like weather forecasters, of which there's multiple data sources available, even over api.

[Anonymous No.12943787]

>>12942570
Why would I need chainlink to select two sources of data for me when I could just do it myself? I'll have greater control without a middleman.

[Anonymous No.12943795]

>>12942570
Sure it does, I could select them anonymously. That way I get the benefit of decentralized trust and retain the benefits of selection. Still easier to conduct and better features compared to link.

[Anonymous No.12943804]

>>12942570
>no
If I was looking at ten people voting for 80 degrees outside and I know the temperature is 70, why would I penalize myself?

[Anonymous No.12943820]

>>12942570
>which enable 24/7 uptime
Why would you need blockchain or chainlink for this. Just get a few sources on different servers so that you don't have multiple points of failure.

You (or a competent developer) could build a mini data validation network out of raspberry pis even, for much less expense.

[Anonymous No.12943857]

FOAM > Chain you tards

[Anonymous No.12943899]

>>12935618
>19 hours
>50+ replies
>"oracles aren't real premise"
>6 samefag posts in a row
>keep samefagging so thread won't die for last 2 hours

Dude just move on.
Don't want to invest in LINK, then don't.
No need to preach shit here that noone want to listen.
Also go back to plebbit.
The only thing missing in this thread, apart from your braincells responsible for absorbing information, that your arguments are shit and you are shit, is you shilling mobius you filthy pajeet.
To summarize. Your IQ is too low to be on this board, and i smell a newfag from a mile away.
NPC's like you hang around on /r and when you scroll up or down, there's no /r here.
pajeet.

[Anonymous No.12943967]

>>12935762
what is right and wrong on a decentralized network?

[Anonymous No.12944204]

>>12943899
>omg pls leave
hahahahaha

I don't mind checking in and writing a few quick posts. People seem to want to debate the concept. I'm confident in my viewpoints and have found the conversations in this thread a little disappointing, but still reaffirming to how I analyze things in a clear and concise manner.

Nobody seems to be able to counterpoint me. I've deconstructed every argument laid out in this thread.