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13468905 No.13468905 [Reply] [Original]

So how exactly does Chainlink plan to transfer real-world objects into smartcontracts?
Like can you explain the steps of the process or you’re all just LARPing?

>inb4 read the whitepaper
I did.

>> No.13468929

>>13468905
>sergey buys a burger
>burger has nano technology in it
>sergey shits out burger one week later
>burger nano tech tells mc donald's smart contract that a shit has been taken (via chainlink oracle of course)
>mc donalds smart contract charges sergey after he has successfully digested and received the nutrients from his meal

OR

>sergey gets food poisoned by burger
>nano tech notifies mc donalds smart contract (via chainlink oracle)
>mc donalds gives complimentary coupons in the form of token

>> No.13468931

>>13468905
MONETIZING APIS

>> No.13468932
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13468932

>real-world *data
one foot in blockchain (ethereum as of now) and the other on the internet to access api's

call api, confirm with other nodes they got the same result, achieve consensus, write to blockchain

it's a distributed JSON parser

>> No.13469027

The year is 2025, a car is travelling 30mph on a 60mph road. It's blocking your path. You've gotta get to work, if the car doesn't move you'll be late. A message flashes up on your car's computer screen "Pay my car $10 and I'll pull over letting you pass", it reads. They've got you between a rock and a hard place.

You quickly check over the smart contract, you see that the car in front has already funded it with $11 ($10 plus $1 for fees). You read that it states if the GPS position of the car in front is not behind you in 30 seconds after you send money to the smart contract, your $10 and the other car's $10 gets automatically sent to you, giving you a total of $20. If the car is behind you, they get sent the $20.

You go ahead and send the money. The car in front gets alerted the money is in the contract. They pull over on the side of the road and let you pass. 30 seconds pass. Then the magic happens. The smart contract makes a request for your car's GPS data and the GPS data of the other car. Both your car's Chainlink node and the other car's chainlink nodes upload their data to the contract. The smart contract sees that the other car is now travelling behind you, it sends the money to it. Each of you are paid $0.50 for being good boys and uploading valid data for the smart contract.

This is the world we're gonna live in soon enough

>> No.13469099

>>13468929
>>13468932
>>13469027
I get it now, thanks.

>> No.13469116

>>13468905
First Sergey eats real-world objects, then they become smartcontracts

>> No.13469117
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13469117

>>13469027
Weird flex but okay. Needs moar sloppy sergers

>> No.13469123

>>13469117
pls kill these gen-z faggots

>> No.13469199

>>13469027
This except there is a sybil attack and the car gets your money and still stays in front.
"Shit," you whisper, "Why did I invest in this chainlink scam back in 2019. If only I had listened to God-Emperor Craig."

>> No.13469349

>>13469027

Cute blog post faggot.

>> No.13469478

It doesn't plan to do anything. It's a pajeet shill coin with fake hype. Ever notice how when Bitcoin dumped all of the forced memes and fake excitement for the "tech" died down? Shitstainchink is a paid shill project and the majority of the tokens are owned by the dev and his pump and dump squad