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/biz/ - Business & Finance

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15311046 No.15311046 [Reply] [Original]

UH OH Hahahahahah!

https://twitter.com/compoundfinance/status/1163472470512246784?s=21

LINKLETS BTFO

>> No.15311060

It’s real!!
https://github.com/compound-finance/open-oracle

>> No.15311070
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15311070

>>15311046
UH OH Hahahahahah!!!!

https://twitter.com/compoundfinance/status/1163472470512246784?s=21

LINKLETS BTFO!!! IT'S REAL!!!!!! FINALLY!!

>> No.15311099

>>15311046
literally who

>> No.15311197

holy fuck LINKIES ABSOLUTELY FUCKING DEVASTATED HAHHAHAHAHAHHA

>> No.15311220

>>15311046
Do you know how much ''Link killers'' we've had in the past 2 years, rakesh?

>> No.15311239
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15311239

i just wanted to make it

>> No.15311245

>>15311220
how could he know? he just joined after the coinbase announcement

>> No.15311281

> he unironically believed people would pay 1 dollar for query eth price

>> No.15311289

>>15311220
>he’s never heard of compound
Git gud noob

>> No.15311329

>>15311046
whole space is using chainlink
>some compound stand over the corner
ahahahahahahahaha

>> No.15311333

Soon: "Compound x Chainlink"

>> No.15311338

omg sold 100k

>> No.15311344

>>15311245
kek

>> No.15311356

>>15311046
Seriously, why are they even trying with Chainlink having a headstart of 5+ years

>> No.15311358

Who?
Also I thought decentralized oracles a scam? It took Komodo only a weekend and 500 lines of code to solve the problem.

>> No.15311377

>>15311046
HAHAHAHAHAHAHAAH
get buttfucked Sir Gay

>> No.15311386
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15311386

FUCK THIS JUST SOLD ALL MY LINK

>> No.15311427

the house of cards is crumbling little by little and 700k at a time

>> No.15311431
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15311431

>current linkers

>> No.15311435

>>15311046
there are going to be dozens of oracle solutions competing on price.
The only token that is going to gain from this is eth.
Oracles are going to be used, but at rock-bottom prices due to competition.

>> No.15311453
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15311453

>>15311358

>> No.15311457

>>15311220
>Do you know how much ''Link killers'' we've had in the past 2 years, rakesh?
Compound is literally the second biggest dapp after Makerdao.
Both are using oracles and aren't going to use chainlink.

>> No.15311567

>>15311457
>Both are using oracles and aren't going to use chainlink.

https://twitter.com/chainlinkmarket/status/1144674356791918592

>> No.15311593

>>15311567
lol that cut at the end, it couldn't be a more obvious manipulation.
They recently started working on their own separate solution. Is that video from early 2018?

>> No.15311623
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15311623

>>15311593
>I-it's edited!
>f-fake news!

>> No.15311664

>>15311567
btfo lmao

>> No.15311676

>>15311623
I know since chainlink launched they no longer plan to use it, considering it's not decentralized at all.
Whenever this interview happened, it was about a decentralized version of chainlink that doesn't and is never going to exist.

>> No.15311692

>>15311676

Delusional cope. You got btfo and are too pussy to admit you were wrong

>> No.15311696
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15311696

>>15311676
>He was talking about some version of Chainlink that changed over the last two months!
>It's nooootttt reaaaaalllll!!!

>> No.15311713

>>15311676
kek cope and seethe incel

you had 2 years

>> No.15311724

>>15311333
checked

>> No.15311730

>>15311676
lmao
the word "cope" has never been more aptly used than here

>> No.15311766
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15311766

>>15311692
I didn't, they're developing their own system and plan to start charging fees for calling the feed contract. It's informally called "oracles v2". It's not going to use chainlink.
Looks like there's not much public info though.
>>15311696
he was talking about the version from the whitepaper. Every dev now thinks chainlink is centralized trash. It's not going to be used. See Joey Krug from Augur

>> No.15311770

why the fuck are fucking STINKTARDS so fucking pathetic? jesus christ youre all so fucking disgusting and gross. mass amount of cope ITT LMAO

>> No.15311782

This is bullish. It means what ChainLink offers actually did solve the problem since Compound literally copied the idea and changed the names. Competition is actually good for emergent business. Get ready to clench your anus no linkers.

>> No.15311788

>>15311766
careful, these fucking pieces of shit will go as far as doxxing you if you piss them off because their dreams of making it are just a fucking dream after all. they'll keep shilling for their fucking vaporware shitcoin for free even as you slap in their faces cold hard facts, all the while sir gay keeps dumping 700k on their asses LMAO

>> No.15311793

>>15311333
This

>> No.15311794

>>15311782
>this is bullish
AHAHAHHAHHA HAHAHHAHA HA HHHAHAHHA HAHAH AHH AH

>> No.15311799

>>15311766
>Dev from a competing network thinks his network is good and other network is bad

Shocking.

>> No.15311805
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15311805

>>15311046
Oh...oh no...

Did read, should have sold...

>> No.15311809

>>15311766
is this the one that uses POW mining to determine price feeds? Looked interesting.

It's not really a LINK competitor, as it's limited to defi applications and has a more limited scope than what chainlink is trying to do.

>> No.15311863

>>15311799
augur is not competing with chainlink, these use cases are completely orthogonal
>>15311692
>>15311696
>>15311713
>>15311730
this is the most detailed public info I could find. cope

>> No.15311866

>trusting an anonymous oracle
yikes

>> No.15311879
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15311879

>>15311863
I forgot to paste the screenshot lol

>> No.15311962

>>15311879
>He doesn't know

https://market.link/search/nodes

NEET nodes confirmed.

>> No.15311963
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15311963

>>15311567
>>15311623
>>15311664
>>15311692
>>15311696
>>15311713
>>15311730
this one is much better
>We've been hard at work on the next version of Oracles for the release of multi-collateral Dai. These new Oracles have been built from the ground-up to reduce costs as much as possible. This will allow us to run much more accurate sensitivity parameters while also reducing overall costs. We'll also be introducing a staking and compensation model to disincentive downtime and malicious behavior.
>Chainlink and Oraclize are actually very expensive for what they do and don't really provide us with any feature we don't already have/want.

TIME TO COPE STINKIES

>> No.15311982

>>15311676
>Chainlink
>not decentralized

Two years later and he still hasn't read the white paper lmao.

>> No.15311991

>>15311963
Lmfao the cope from you. How could they know the price of LINK when it wasn’t even live 5 months ago? Seething cuck

>> No.15312046

>>15311962
yes I'm sure people are going to overpay 10000x, trust chainlink did kyc correctly, and then trust some nonames to provide correct data.
All chainlink is doing is spamming the network with pointless requests, paid by the team's link. Network fees are already going into hundreds of eth monthly, it's kind of funny.
>>15311982
nothing from the whitepaper has been implemented, the shelling point doesn't work without kyc, and kyc allows chainlink to attack the network alone.
It's completely pointless. Why do you think they are dumping so much? There's only so much time left before even brainlets realize it's a dud.

>> No.15312055

>>15311963
Your screenshot is from February 24 2019:
https://www.reddit.com/r/MakerDAO/comments/au8sx9/14_of_makerdao_price_oracles_are_fubar/

This interview with Rune from MakerDAO is from March 3rd 2019:
https://wyre-talks.simplecast.com/episodes/fc4e10f3-fc4e10f3
1:15

Consider yourself BTFO

>> No.15312076

>>15312046
>nothing from the whitepaper has been implemented
Oh wow, you didn't even read Sergey's mainnet blogpost.
Here, let me help you: https://blog.chain.link/chainlink-live-ethereum-mainnet-connected-consensus/

How embarrassing for you.

>> No.15312095

>>15312055
>This interview with Rune from MakerDAO is from March 3rd 2019
*March 26th

So over a full month after your screenshot.
cope

>> No.15312115

>>15312055
Good thing this >>15311879 is from April then.
Also, Rune doesn't work on implementing oracles.
>>15312076
What? I know what's on mainnet and it has nothing to do with the whitepaper. Current chainlink is a protocol for completely separate nodes. There's no consensus, it's not decentralized because of kyc. Zero reason to use it.

>> No.15312117

>>15311963
AHAHAHAHAHA LINKTARDS BTFO BY THE PEOPLE THEY HATE THE MOST, REDDITORS! HOLY SHIT, IT'S FUCKING OVER, PATHETIC FUCKS COPING SO FUCKING HARD

>> No.15312125
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15312125

>>15311766
Joey Krug is a retard who had to go into the chainlink gitter and ask fucking baby questions.
He in fact asked the question 3 days after he tweeted that pile of shit.
>doesn't even know about penalties

>> No.15312133

>>15312125
Baby questions? These questions destroy chainlink. They had to introduce kyc because they realized their initial design can never work.

>> No.15312148

>>15312115
>Good thing this >>15311879 is from April then.
Good thing none of that contradicts them using Chainlink.

>Also, Rune doesn't work on implementing oracles.
He's literally the founder lmao.

cope

>What? I know what's on mainnet and it has nothing to do with the whitepaper.
Read Sergey's blogpost you absolute retard.
It's been out since May 30th, nearly three fucking months ago.

>> No.15312151

>>15312076
1st half of the article talks about why smart contracts are needed. It's just a lot of fluff.
2nd half of the article talks about what chainlink wants to do. More fluff
Then they mentioned they launched on the ethereum, and that's it.

>> No.15312161
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15312161

>>15311046

>> No.15312168

>>15312151
It explains very clearly what's going on, what place KYC has in Chainlink, and exactly when the next phase of mainnet begins.
Stay trolling.

>> No.15312174
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15312174

>>15311457
https://ethgasstation.info/

>> No.15312214

>>15312174
those are fees, not money in contracts.
>>15312148
do you really think you're convincing anyone by repeating the same point? I already explained how it has nothing to do with the whitepaper. Kyc is a failure because it's done by chainlink. Which means if chainlink is hacked/fooled/whatever they can create multiple nodes that pretend to be separate but are in fact owned by one entity. This destroys the shelling point game theory, weak even under no sybil attack assumption but that's another point.
That's why chainlink is centralized and doesn't make any sense.
There are many kyc providers and there's no reason to use chainlink for it. The design is trivial to replace, resulting in much lower fees.

>> No.15312216

>>15312133
>They had to introduce kyc because they realized their initial design can never work.
Are you trying to tell us that you believe KYC is mandatory for Chainlink?
Because Sergey's blogpost from May 30th LITERALLY says it's "optional".

It's time to read Sergey's blogpost.

>> No.15312237

>>15311046
rip chainlink

>> No.15312246

>>15312216
kek that's like saying condoms are "optional" if you fuck a crackwhore
technically it is, but you're going to get fucked in more ways than one if you don't use it

>> No.15312247
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15312247

>>15312216

>> No.15312251

>>15312214
>I already explained how it has nothing to do with the whitepaper.
Chainlink has nothing to do with its whitepaper?
Whatever you say anon lmao.

>Kyc is a failure because it's done by chainlink.
read
Sergey's
blogpost

>There are many kyc providers and there's no reason to use chainlink for it.
Read the whitepaper, it describes listing services for pretty much everything. KYC would be no different.

Also, read Sergey's blogpost.

You literally CANNOT be this obtuse, Christ almighty.

>> No.15312255

>>15311435
Finally someone who gets it.

>> No.15312269

>>15312246
So you think KYC is a good idea.
Funny how you keep whining about Chainlink offering them as an option.

>> No.15312286

>>15312269
...
chainlink needs them because it's trivially sybil attackable without them
that doesn't make kyc good
it makes chainlink shit

"discussing" with you is getting tiring, no more replies

>> No.15312338

>>15312286
>chainlink needs them because it's trivially sybil attackable without them
So you're against the very notion of decentralized oracles?

Funny, MakerDAO thinks they're "key" in the very screenshots you posted: >>15311879

>> No.15312356

>>15312255
Yes, I don't understand all these chainlink-moonboys. Just buy ETH and you're set

>> No.15312385

>>15311435
>>15312255
>>15312356
Collateral is going to go up in case of heavy competition.
Users will shop around for whoever offers the highest collateral, and collateral is in Link.

It helps to know what you're talking about.