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/biz/ - Business & Finance

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17153640 No.17153640 [Reply] [Original]

How does chainlink solve the Sybil attack problem?

>hard mode: no mentioning of KYC (centralized), vetting (centralized), collateral (doesn't change anything once a villainous majority is reached), reputation (can be accumulated just like collateral, then used when villainous majority is reached)

>> No.17153647

>>17153640
Fuck your thread, this is now a chainlink prediction thread. Trips decides links price EOY 2020.

>> No.17153651

>>17153647
1000

>> No.17153664
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17153664

Chainlink solves nothing at all. its not even a decentralized oracle and RLC does everything it does in everyway.

In fact, Chainlink is such an easy code, that when a crypto says they are "partnering" theyre really just taking the basic chainlink code and implementing it for shits and giggles just to 1 up link

Reddit is 100x smarter than /biz/. call me soi all you want, but actual developers browse reddit

>> No.17153667

>>17153647
$500

>> No.17153669

>>17153647
1000

>> No.17153688

>>17153640
It solves it by being a centralized premined shitcoin with the team owning 65% of the tokens and dumping on retarded linkoids

>> No.17153690

>>17153664
RLC is based
Best contrarian play

>> No.17153691

>>17153647
1000

>> No.17153743

>>17153688
they STILL own 65%? thats fucking rich. All linkies do is complain how XRP developers own MUH FIVE BILLION of the token, when fucking sergey owns 65% still?

>> No.17153831

>>17153743
Yea they cope really hard too

>> No.17153875
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17153875

>>17153743
50 billion fren

>> No.17153885

>>17153640
342

>> No.17153937

It doesn't, but the linkies on biz are a cult with a criminal gang at the top pulling their puppet strings. Look how they come into your thread to derail.

>> No.17153945

>>17153664
oh fuck I think you might be right

>> No.17153958

>>17153647
$3.50

>> No.17154427

No arguments, dang.

>> No.17154447

>>17153664
isnt that pasta from a year ago?

>> No.17154465

>>17154427
This, big oof. Glad I didn't fall for this scam.

Peace out y'all, I'm going back to /r/cc.

>> No.17154480

Crazy how people still doubt chainlink

>> No.17154536
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17154536

>>17153640
By your logic, all of crypto is a scam since a villainous majority can be met (51% attack).

It's not about making a perfect system. It's about making a viable option to businesses where benefits outweigh cost and risk you dumb sack of shit.

>> No.17154627

>>17153647
47.23 as the clock strikes midnight 2021.

Check. Them.

>> No.17154639

>>17153664
Old shit pasta newfren

>> No.17154659

>>17153875
kek holy shit, imagine holding xrp

>> No.17154668

>>17153640
because of ethereum foo
widout ethereum chainlink is worthless, foo

>> No.17155218
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17155218

>>17153640
ssssssssshhhhhhhhhhhh
i don't want normies to realize the scam that is chainlink until i will have dumped on their heads at a tenfold price

>> No.17155236

>>17153647

50$

>> No.17155239

>>17153647
Let's GOOOOOO

>> No.17155265

>>17154536
kek is that what you tell yourself as you cry to sleep?

>> No.17155375

>>17153640
>hard mode: no mentioning of KYC

Loaded question because KYC is a necessity for the creation of a decentralized voting method. This will be my only post ITT because these are generally a waste of my time and another psued will come tomorrow asking the same question.

When an oracle network is young, it is easiest to game in line with game theory. If you have a KYC node process, then you have nodes behavior tied to the real world entities that they represent. This means a company would not tarnish its name in order to game the network. Chainlink is tapping into the trust from the non-deterministic world until it can grow large enough to surpass the sybil growth period in which it is more profitable to act dishonestly with an asymptotic approach to trustworthy behavior. Once the network is large enough, KYC would not only be unnecessary but an impossibility as there’s would be no feasible method of vetting new nodes with the assumption that growth is exponential.