Be very careful holding ETH

[Anonymous No.19206326]

Another big Ethereum DAPP discontinues its service after TWO DAYS. Confirming again that Ethereum based "smart contracts" are certified garbage.

[Anonymous No.19206376]

>>19206326
Probably the same bug they found with the defi hacks a month ago, no?

[Anonymous No.19206504]

hey guys here comes my new dapp

[Anonymous No.19206518]

>>19206376
The MKR hack was exploiting Ethereum's slow/clogged network. This is different

[Anonymous No.19206570]

>>19206326
Why build on garbage ethereum when you can soon build on DEFIS with complete privacy and scalability?

[Anonymous No.19206596]

>>19206518
Correct, it's oracle related. Absolutely.

[Anonymous No.19206615]

>>19206326
crypto kitties

[Anonymous No.19206633]

>building smart contracts without chainlink

into the thrash it goes

[Anonymous No.19206870]

>>19206518
I meant more like the dforce hack

[Anonymous No.19206952]

>>19206326
Notice how all the faggy devs who make a point of shitting on Chainlink end up falling on their face? Coincidence?

[Anonymous No.19206975]

>>19206326
>>19206952
AHAHAHAHAHAHAHAHA


This is worth a thread of its own

Knee bent

[Anonymous No.19207244]

>>19206952
>>19206975
Many Ethereum devs hate Chainlink. I think Vitalik is to blame desu

[Anonymous No.19207276]

>>19206952
Lmaooooooooo

[Anonymous No.19207289]

>>19207244
The world will move on without them. They can either adapt (to chainlink) or die.

Chainlink > Ethereum. Only a matter of years until chainlink's market cap overtakes ethereum.

[Anonymous No.19207302]

>>19206952
dafuq is a rube goldberg machine?

[Anonymous No.19207332]

>>19207302
>rube goldberg machine
>A Rube Goldberg machine, named after American cartoonist Rube Goldberg, is a machine intentionally designed to perform a simple task in an indirect and overly complicated way. Usually, these machines consist of a series of simple unrelated devices; the action of each triggers the initiation of the next, eventually resulting in achieving a stated goal.

what is wikipedia

[Anonymous No.19207350]

>>19206326
you don't really understand how ethereum is modular, do you?
the problem with tBTC is that the contract is too fucking complicated
RSK guys already instructed the Keep dudes how they should do it
1/2 chances they say "alright" and do the RSK way

[Anonymous No.19207353]

>>19207289
Agreed

[Anonymous No.19207362]

>>19206326

>oh noes eht is dead

Based retard
Literally btc maxi fudinng link failed to launch smartcontract

[Anonymous No.19207391]

>>19207332
cool ty bro didnt know that ;>

[Anonymous No.19207444]

>>19206952
HAHAHAHAHAAH HO LEE FUK

[Anonymous No.19207456]

>>19206952
topkek

[Anonymous No.19207677]

Anyone should be extremely careful investing in a cryptocurrency that uses oracles other than link, or entering into a smart contract that uses oracles other than link.

You're asking to get burned.

[Anonymous No.19208760]

>>19207677
>Anyone should be extremely careful investing in a cryptocurrency that uses oracles other than link
Checked. The incredible thing is how much link has proven itself out just by the case studies of those who don't use it. I was totally a link fuder because the eth devs seemed to have a point - but no, they were dead fucking wrong and they are all getting rek'd. It speaks for itself desu

[Anonymous No.19208853]

>another thinly veiled “bullish for link” cope thread

Go away

[Anonymous No.19208884]

>>19207677
Yet so far the only oracle that caused losses is chainlink, for synthetix.
Link is extremely insecure, devs have full control over feeds.

[Anonymous No.19208960]

>>19207332
>what is wikipedia
Wikipedia is a free, open content online encyclopedia created through the collaborative effort of a community of users known as Wikipedians

what is ask.com

[Anonymous No.19209052]

>>19206326
buy 0xBTC Morrons

[Anonymous No.19209096]

>>19207362
>>19208853
Vitalik started this, Sergey will end it.

[Anonymous No.19209147]

>>19207244
Fuck money skelly

[Anonymous No.19209180]

>>19208884
Wrong

Chainlink has not caused losses for synthetix and they are still using chainlink

bZx lost $360k due to an oracle failure with Kyber. They have since switched to chainlink

[Anonymous No.19209297]

>>19209180
They caused losses and paid them using link holders' money.
https://blog.chain.link/improving-and-decentralizing-chainlinks-feature-release-and-network-upgrade-process/
What happened: chainlink dev put in xau instead of xag.
The only prevention for the future? Internal multisig.
That's how decentralized chainlink is - maybe three devs in SF can do literally anything.
>bZx lost $360k due to an oracle failure with Kyber.
They weren't even using an oracle, they were using temporary prices in place of the oracle.

[Anonymous No.19209414]

>>19209297
That's not true at all. bZx were using Kyber, a single oracle which was using a single data source, Uniswap for their price data

This caused a $360k loss for bZx when someone shorted Bitcoin on bZx then sold the less liquid line on Uniswap causing the reference price to drop significantly.

Crucially, this was a fundamental flaw of the oracle, not a user error.

THe chainlink example was a user error, not a fundamental flaw of the oracles. And it cost $40k. Bear in mind chainlink is the undustry standard and a vast majority of existing oracles are based on chainlink.

[Anonymous No.19209496]

>>19209414
>>19209297
Yes, that did happen with Synthetix. The team worked very hard to improve security protocols after this, and it has served to make the network stronger as a result. This is why the team has taken so long with the roll-out, it's better to catch mistakes now, rather than when a trillion dollars relies on your code.

[Anonymous No.19209795]

>>19209297
>>19209414


Also another thing: This appears to have been due to the failure on one oracle. Understandably at this stage a lot of low value products will be using one single node but the whole purpose of chainlink is that products can and should use multiple oracles.

In conclusion, this is bullish for link.

[Anonymous No.19210209]

>>19206952
Imagine having an ego this gay

[Anonymous No.19210423]

>>19209795
I fucking hate linkies so much. Like 99% of you faggots have ever used a smart contract, much less developed one. Yet you think you're qualified to go on twitter and run your fucking mouths about how actual devs should be using your shitcoin for dapss that you fundamentally don't understand or don't care about because literally all you care about is link's price going up and only understand link insofar as the half truths someone on /biz/ spoonfed it to you.

[Anonymous No.19210500]

>>19210423
cope

[Anonymous No.19210560]

>>19210423
Lol. Really the results speak for themselves. People who use non chainlink oracles fail and lose money.

The total decentralized finance market has grown from $250m last year to $1b now. 70% of that is powered by chainlink. It is the industry standard. At this point anyone using anything other than chainlink is just being edgy.

[Anonymous No.19210589]

it literallz dumping, i bought in at 0.0056 eth now its 0.0043 eth, not like im gonna sell im no wanker with shaky hands

[Anonymous No.19211182]

>>19210423
Holy fuck get absolute rekt. The fucking seeth of this man.

[Anonymous No.19211700]

>>19210423
Is this you? >>19206952

[Anonymous No.19211753]

>>19210423
This is why I sold at $4.5. Ghosties are almost as retarded but not as annoying. Linkies really are the worst. It started out great though, but now, it's just sad. I still hope everyone holding link gets rich.

[Anonymous No.19212499]

>>19206326
>>19206326
>>19206326
>>19206326
OK someone tell me this: WHY is there no other option? Every 2nd scatcoin says they can do smartcontracts and whatnot yet I only see ruskinigger eth dapps day after day. And guess what? All of them sucks! Eth is too slow.

[Anonymous No.19212579]

>>19206326
Bitcoin Devs can't even code a dapp correctly lmao they should stick to making bitcoin wallets xDDD

[Anonymous No.19213359]

>>19206633
But... Chainlink is centralized? Fucking idiot.