/biz/ - Business & Finance

[Anonymous No.14922123]

> join a pool to stake link
> pool decides to lie about data to benefit the owners
> since pool is huge & likely has enough nodes/link to drown legitimate oracles, it is deemed true and other oracles lose their stake
> network is no longer reliable

Is this a legitimate issue?

[Anonymous No.14922431]

>>14922123
ygtgb

[Anonymous No.14922455]

>>14922123
be honest are you seriously this dumb? just curious im not trying to make fun of you

[Anonymous No.14922544]

>>14922455
I am seriously this dumb, why is this not an issue?

[Anonymous No.14922609]

>>14922544
>pool decides to lie about data to benefit the owners
You need to read this out loud

[Anonymous No.14922657]

>>14922609
I’m assuming nodes will be reading from some APIs. Then couldn’t the node managers decide to lie about the API results?

[Anonymous No.14922700]

>>14922123
you just described a sybil attack.
its up to the smart contract to decie wich nodes they select. usually they will try to diversify the nodes they use. for exxample they could use data from linkpool, fiews google and pool

[Anonymous No.14922814]

>>14922123
>Chainlink is only used to pay oracles for information
>Oracles earn Chainlink if they provide true information
>Oracles lose Chainlink if they provide false information
>People are willing to pay money for true information
>Nobody wants to pay money for false information
>As long as the oracles provide true information, Chainlink will increase in value
>If oracles provide false information, it reduces the value of Chainlink
>Therefore all oracles have an incentive to provide true information because it maximizes their revenue and maximizes the value of their assets.

[Anonymous No.14922842]

>>14922123
This is the weakest fud i have ever seen, and im a brainlet