Mainnet is live and it’s instantly fucked by eth fees

[Anonymous No.13915273]

Here is the linkpool, fiews, and chainlink nodes aggregating. That job run costed over $2 in eth gas, now tell me who going to pay for that ?? Plus another fees to node operatos ?


https://etherscan.io/tx/0xcc8a7e1cd723532e37fae3aced406526af047d3f428e94ad072f9bb0c23250b7

[Anonymous No.13915283]

lmfao linkies coping rn

[Anonymous No.13915288]

SELL SELL SELL AAAAAAAAAAÀAAAAAAAAAAAAAA

[Anonymous No.13915290]

>>13915273
Uh anyone transacting a substantial amount of money

[Anonymous No.13915300]

>>13915273
bwuahahahah

[Anonymous No.13915323]

>>13915273
One could pay 100$ for transaction, if he wants to. Does not mean everyone has to.

[Anonymous No.13915324]

Wow so this is not profitable. How is the team going to respond?
Mainnet is a massive failure already

[Anonymous No.13915329]

i-it's blockchain agnostic

they could j-just do another ICO on binance

[Anonymous No.13915340]

OH NO NO NO I USED MY ENTIRE LIFE'S SAVINGS ON LINK

[Anonymous No.13915363]

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
*inhales*
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.13915364]

This level of fud... We're reaching new lows everyday

[Anonymous No.13915369]

>>13915273
this is the cost of creating 3 chainlink requests inside smart contract function u retard and they are using AggregatorPrice example from their github, try again.

[Anonymous No.13915370]

>>13915329
Shadowfork was true all along.

[Anonymous No.13915378]

>>13915273
Yeah eth fees are a problem for iExec workers too.

I was wondering if this would actually be profitable with all the costs involved. probably not until eth scales, an off chain solution is used, or big companies come in with enough money to pay high costs.

Pic related

[Anonymous No.13915380]

>>13915364
bullish desu. Even the FUD is becoming bullish now

[Anonymous No.13915409]

>>13915273

[Anonymous No.13915412]

>>13915378
It won't be profitable until LINK switches to the Fantom network.
So somewhere july.

[Anonymous No.13915419]

Its literally dumping upwards right now

[SAGE No.13915422]

>>13915290
jesus kek this

[Anonymous No.13915448]

>>13915273
AHAHAHAHAHAHAHAHAHAHAHAHA ROAD TO SUB 10 CENTS BEGINS

[Anonymous No.13915479]

>>13915409
learn how eth works retard, its gas limit * gas price, the function they are testing with uses 300k gas for generating 3 requests.

[Anonymous No.13915482]

FRIG OFF FUDDING GAYLORDS

[Anonymous No.13915544]

I'm terrified this will actually dump
Please tell me this is just a big mistake

[Anonymous No.13915587]

>>13915409
that might still be more than what people will pay nodes. oraclize = $0.01 per call

even multiple that by 5. split the node payment between all nodes used for the contract

that's without the 500 other costs involved for nodes

[Anonymous No.13915590]

>>13915544
If it terrifies you that much you are a brainlet

[Anonymous No.13915595]

NOOOOOO IM FINANCIALLY RUINED

[Anonymous No.13915652]

I'll never be financially independently

[Anonymous No.13915665]

>>13915544
it probably wont dump because everyone is stupid, but link truly is trash.

[Anonymous No.13915673]

HAHAHAHAJAA LINK STINK LINK STINK LINK STINK

[Anonymous No.13915763]

TONIGHT...
BOIS...

[Anonymous No.13915789]

Good thing we a have a DAG that will make ethereum O B S O L E T E, but don't get your hopes high linkies, it makes chainlink O B S O L E T E too.

[Anonymous No.13916388]

>>13915273
API calls normaly cost fractions of a penny. Smart contracts won't be viable until ETH has solved their scaling issues.
IF they solve it.

[Anonymous No.13916631]

>>13915273
What the fuck is that eating 378k gas? Providing data should use 50k at most. Bad code.

[Anonymous No.13916644]

>>13916631
>>13915789
>>13915587
>>13915409
>>13915273

[Anonymous No.13916651]

>>13916388
Why do you think they've only hired 2 devs and waited to release their jason parse for 2 years? They knew very well their "mainnet" was utterly useless. As an ethereum dev who worked on a few ICOs, I already knew that and been fudding LINK for years

[Anonymous No.13916662]

>>13915273

ONE API call

$1.20 in LINK fees
$2.16 in ETH fees

$3.36 for one fucking API request. WHAT THE FUCK MY SIDES

[Anonymous No.13916668]

>>13915273
fuck. how will this ever compete with the current settlement infrastructure run on technology from 50 years ago and which has no costs associated with it?

[Anonymous No.13916685]

>>13916662
thats using 3 oracles u retard, $3.36 for a decentralized trustless api call to your smart contract can save millions a month for a business

[Anonymous No.13916702]

>>13916644
imagine thinking a token transfer is the same thing as polling off chain data

not to mention json is a horrible inefficient data format for the blockchain

[Anonymous No.13916707]

>>13916685
keep saying that. I'm sure it will become true. After all API calls are something you only do a few hundred times a minute

[Anonymous No.13916744]

>>13916644
You hid the gas field, this could have been sent with 1 gwei.
I now know why it's so expensive, it's the forced erc20 transfer cost.
Paying with eth for requests would be like 3x cheaper.

[Anonymous No.13916747]

Wtf 2 dollars? Who the fuck has that kind of money to spend on enacting a contract? Is the world suddenly populated by toilet-owning Mumbai elites? Gtfo

[Anonymous No.13916758]

Link holder with a heavy fucking bag. This is a fun thread

[Anonymous No.13916816]

>>13915544
OFC it will DUMP you stupid FAGGOT, all the hype leading up to this, all the expectations and emotions culminating on today's blog release.
To the average RETARD like YOU and ME, it will be A BIG FAT NOTHING. A LET-DOWN if you will. But to the developers, they're the only ones who get to be excited because chainlink just opened a fucking pandora's box of TOOLS that they can utilize to build the future.
But as I've said, for US, it will look like nothing. BECAUSE WE DON'T BUILD SHIT. WE'RE JUST PARASITES SUCKLING ON THE FINANCIAL SUCCESS OF NEW TECHNOLOGY.

[Anonymous No.13916859]

im financially ruined. AAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHH

[Anonymous No.13916962]

>>13916702
>moving goal posts
>>13916744

[Anonymous No.13916966]

AAAAHHHHHHHHHHHHHHHHHHHHHHH

[Anonymous No.13917004]

>>13916859
I’m financially independentlly fundamentally ruined, so stop complain

[Anonymous No.13917047]

>>13916962
ummm
do you event smart contract bro?

[Anonymous No.13917095]

>>13916962
That's just one link transfer, not a request coupled with several transfers

[Anonymous No.13917107]

>>13915422
Checked and kekpilled

[Anonymous No.13917141]

>>13915290
You’re sounding like a core cuck

[Anonymous No.13917270]

>>13916816
I'm a dev, building oracles like link did is trivial. Only reason I don't build dapps is cause there's no demand and I missed the 2017 ico pump and dumps, not because I don't know how to get data on chain. That's trivial.

[Anonymous No.13917307]

>>13915273
it doesnt really matter at this current time.
ETH 2.0 will fix the tx fee issues, lowering tx fees to around $0.03/tx
remember when ETH 2.0 launches it will see 250k+ tx/s

this is really a non-issue at the moment.
Chainlink was never designed to operate entirely on ETH 1.0
ETH scaling was a part of the end game solution with LINK in the first place.
and remember ETH 2.0 launches by Q3 2020

[Anonymous No.13917335]

>>13917307
Is ETH/Link the patrician portfolio?

[Anonymous No.13917380]

>>13917270
Oracles might be trivial, they're data fetchers. But a secure network of decentralized oracles is definitely not trivial.
You can get data on chain just fine. But can you trust, without checking each request and its reponse, that that data is veritable?
You with chainlink you can. The point is building trustless software that enables the next level of tech.
But you knew that.

[Anonymous No.13917381]

>>13917335
currently yes.
with all of the bullshit faggotry going on with BTC in general i'd rather just hold ETH, LINK, HOT, and MCO.

[Anonymous No.13917404]

>>13915273

I read this in Apu’s voice.

[Anonymous No.13917410]

>>13917380
> without checking each request and its response
t. non-programmer

[Anonymous No.13917439]

>>13915273
Chainlink is such a failure that it made BTC gag. Can you niggers fuck off already?

[Anonymous No.13917448]

>>13917380
>But can you trust, without checking each request and its reponse, that that data is veritable?

Nobody cares. If the provided data is wrong you will pay a fine. This is how industry and companies work.

[Anonymous No.13917459]

>>13917307
>>13917381
Link Eth Mainnet for now is intended to pull the network through an initial phase where sybil attacks are expected. Main mainnet drops are the time eth 2.0 will be released, watching small movements on link right now, fudding, shilling, are all the domains of brainlets. Just hold it and go do something productive.

[Anonymous No.13917479]

>>13917459
>eth 2.0 will be released

Oh my god another 2-3 years with link 1000 eoy memes

[Anonymous No.13917498]

>>13917381
Why is HOT good

[Anonymous No.13917522]

>>13917459
i agree, this initial launch is almost entirely a security test.
what we're all waiting for is the derivatives mainnet - thats when our positions begin showing massive returns.

and yea i am well aware of the mind boglingly big scope of chainlink in general. as it stands this mainnet security test is just 10% of Chainlink's total mission goals implemented. we still have at least another 3 years before the full system is online and in use.

[Anonymous No.13917530]

>>13917498
mainly because i bought a lot of it when it was almost worthless.

[Anonymous No.13917544]

>>13917522
>main net is not real net just a test net on the main net
wowza

[Anonymous No.13917553]

>>13917404
kek
>>13917410
I meant manually faggot

[Anonymous No.13917561]

>>13917553
manually check, with what a pen and paper? your incoherent post makes zero sense

[Anonymous No.13917580]

>>13917544
It's the real net but I won't be surprised if serious players aren't using it on day 1. It passed the security audit but going online in the real world and doing real contracts for real money is another thing entirely.

[Anonymous No.13917603]

>>13917522

I don't think people realise this. LINK only rockets if it nabs a piece of the financial derivative pie. Were 2/3 years away from that happening

[Anonymous No.13917606]

>>13917580
>I won't be surprised if serious players aren't using it on day 1

I'm already surprised because you said Chainlink is the essential technology from the 25. century and companies cant live without it.

[Anonymous No.13917618]

>>13917561
Yes with a fucking pen and paper wow

[Anonymous No.13917633]

>>13917530
Kek at least you're honest

[Anonymous No.13917646]

>>13915273
Sounds like a problem for Ethereum, not LINK.

[Anonymous No.13917649]

>>13917381
what's so good about MCO?

[Anonymous No.13917651]

>>13917522
Are you seriously telling me I'm stuck hanging out in this shithole for another 3 years?

[Anonymous No.13917655]

>>13917633
no but srsly tho if the Holochain fags do pull their whitepaper off, its basically internet 5.0 architecture tech. thats the main reason i bought up 10MM

[Anonymous No.13917663]

>>13917141
>$2
>vs over $9000 for lawyers, middlemen and shell companies
>hurr everything should be free like my rent

[Anonymous No.13917685]

>>13917651
you're here for life newfag sorry to tell you

[Anonymous No.13917700]

>>13917663
you have a very valid point as even at these current prices, the business end users will still be saving millions/yr just by using LINK.
but my point still stands, once ETH 2.0 is implemented the tx cost will be massively reduced.

>>13917651
Chainlink is a very long position to hold fren.
But no matter what anyone tells you do not think about selling before derivatives go live.
thank me later

[Anonymous No.13917755]

>>13915378
>>13915273
No mass adoption of anything that requires throughput with ethereum based tokens (like payments/gas iexec and link) is possible before a good 2nd layer scaling solution exists for this on ethereum.

I repeat:
NO GOOD 2ND LAYER
NO MEANINGFUL ADOPTION
NO REAL USE CASE
NO ORGANIC DEMAND
Please understand.

There MIGHT be an appropriate 2nd layer for this sometime in summer, but then you need to also build to integrate that for node payment systems, and test. That will take time.

If this one good hope 2nd layer system fails, then we may have to wait until 2020 before anything good enough comes along.

[Anonymous No.13917842]

>>13917700
>thank me later
you mean much later

[Anonymous No.13917854]

>>13917655
I hold a bag of HOT but honestly it's such a long shot and so far away from reality if it's even possible. NKN is a much more realistic decentralized internet project with a better team and lower market cap.

[Anonymous No.13917887]

>>13915273
>my capital expenditures for latent post transaction reconciliatory horseshit fees just got reduced by millions of dollars annually ohhhh nnoooooooo.
The fud is making my plumbs plump, boys.

[Anonymous No.13917916]

>>13917854
the /biz/ scammer faggot whales were shilling NKN in the discords which is the only reason i never bought any NKN. almost everything those asshole push on /biz/ is a fuckin pnd.

[Anonymous No.13917928]

>>13917646
lmfao this

[Anonymous No.13917949]

>>13917755
>he doesnt know ETH.0 is being announced in conjunction with chainlink mainet.

[Anonymous No.13917994]

>>13917949
>he doesn't know they've been announcing it since 2016
oh boy

[Anonymous No.13918051]

>>13915412

LINK is blockchain agnostic you rancid pajeet

[Anonymous No.13918072]

>>13917994
>he fails to realize publicly announcing it's release before an effective middleware (chainlink) goes live would be futile and less impactful

[Anonymous No.13918106]

>>13917448
>Nobody cares. If the provided data is wrong you will pay a fine. This is how industry and companies work.

>what are the labour and legal costs of enacting a fine.
>what is link doing this automatically
>what is saving money

gas yourself rubenstein

[Anonymous No.13918133]

>>13915273
Reddit pleb here.
Thanks for warning us about this scam.

[Anonymous No.13918148]

>>13918051
M here. Since I was a kid, I’ve always been as straight as an arrow, no doubt in my mind about it. But then, two years ago, I discovered futanari. At first I was disgusted, but for god knows what reason, I kept watching. Over the next year I developed a strong futa fetish, and throughout last year, it began to evolve. I started to get into pegging, and then trans porn. Last month I fell off the deep end and started getting off to men’s dicks. I still am very much attracted to women, but I don’t think I’m attracted to men. Just... dicks... I love dicks... What’s happening to me? Am I turning bi? Has anyone else felt the same?

[Anonymous No.13918198]

>>13917141
says the BSV subhuman nigger who thinks FEES are going to power a decentralized oracle network. you should be so happy right now you onions boy, look, link has fees too.

[Anonymous No.13918206]

>>13917949
its a test of a test of a test
even beacon chain live will not mean functional use-ready sharding any time soon.

[Anonymous No.13918227]

>>13918133
you're just a bsv shitskin

[Anonymous No.13918242]

>>13918148

Salam brother as a gay Muslim myself I can promise there is a way to be both. Allah delights in the diversity of creation which includes you and I. Allah has blessed me with a wonderful man who I will soon call my husband. What keeps me going is that no one, no homophobic Muslim or homophobic any person can keep me from Allah. It is very difficult but take some comfort in that there are many LGBT+ Muslims out there in the world and Allah is full of forgiveness and love.

[Anonymous No.13918269]

Thanks just sold 100k

[Anonymous No.13918273]

just sold all my links...

[Anonymous No.13918562]

>>13918273
Thank you, just bought your LINKs

[Anonymous No.13918682]

This is not good news as a chainlink hodler. For that reason, I am out. Market selling in process

[Anonymous No.13918705]

we're waiting for you linkies to pressure Sergey to port Link and joins us. You know it in your hear that ETH will never scale and even if it does it will be disappointing. In the end everyone bends the knee and ports their shit to Holochain.

[Anonymous No.13918869]

>>13918682
smart, there's a reason Vitalik despises Sergey, he knows Chainlink makes 0 sense and doesn't want to be associated with the massive trainreck tat will ensue when people realize it.

[Anonymous No.13918911]

[Anonymous No.13918913]

>>13918682
>he didnt have the balls to hold until the derivatives mainnet goes live
well at least we know theres going to be one suicide incoming for sure

[Anonymous No.13918994]

>>13918913
What is this "derivatives mainnet"? Is this something confirmed by the chainlink team or is it larp?

[Anonymous No.13919049]

>>13918242
assalamualaikum
That’s a how I like em

All fucking muslims must fucking hang

[Anonymous No.13919151]

ETH is a mess!

[Anonymous No.13919177]

>>13915273
ETH - the ultimate shit platform.
>jesus fuck

[Anonymous No.13919188]

>>13915273
console came out now its time for the titles to launch

[Anonymous No.13919229]

>>13919049
>All fucking muslims must fucking hang

No need to be full of hate, fren, we're all in this together. May Allah bless Sergey and the LINK mainnet, and forgive you for your hate speech. و عليكم السلام والرحمة الله وبركاته

[Anonymous No.13919238]

>>13918869
or maybe it's because he'll actually have to work like a slave for a change to get the tech up to fucking par so it will be able to support chainlink's demand and not a bunch of faggoty cryptokittie dapps

[Anonymous No.13919315]

>>13918913
>the derivatives market

What's this utter fucking shit all you LINKfags keep parroting? Do you understand anything about finance at all? Did you think the financial world was waiting for one Russian guy and his mate to make an ICO coin long after the ICO craze died out to save their industry?

Nigger nothing needs ChainLink. Ethereum is shit, smart contracts are a massive meme, decentralised oracles are an even bigger meme. You're not in super early on something big.

The derivatives market, as shocking as it may seem, already has its own systems and mechanisms of trade and transaction which work great for them. Most big trading is done in private anyway, not publically visible. I can't even be bothered to fully convey how much of a dumbfuck clueless 16 year old you sound like. You don't have any idea how any of this works. You will be holding your 65% Sergey owned shit tokens long after he's 'retired' due to 'personal issues' and gone to live in the Caymans.

[Anonymous No.13919380]

LINKCONEEEEEEEEEEEEEEEEEEEEEEECT!!!

[Anonymous No.13919498]

>>13916685
Attorneys btfo

[Anonymous No.13919517]

>>13919315
>Did you think the financial world was waiting for one Russian guy and his mate to make an ICO coin long after the ICO craze died out to save their industry?
yes

[Anonymous No.13919589]

>>13919315
Shit like this is making banks obsolete

[Anonymous No.13919671]

>>13919589
Shit like you will make human survival obsolete you fucking mongoloid. What does that even mean, to make banks 'obsolete'? Banks = nation governments. I promise you an ERC token isn't going to do that.