/biz/ - Business & Finance

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Anonymous Thu Jul 16 03:42:21 2020 No.20406071 [Reply] [Original]

>supposed to provide secure tamper proof data to smart contracts
>reports the price of silver as the price of gold
>literally stops working when ETH network is congested

What did Chainlink mean by this?

>>	Anonymous Thu Jul 16 03:44:38 2020 No.20406097 >>20406071 >refused to provide faulty data for the entire duration of the source corruption based chainlink

>>	Anonymous Thu Jul 16 03:45:05 2020 No.20406103 >>20406071 It meant that Chainstink is just a Jason Parser from the Cayman Islands

>>	Anonymous Thu Jul 16 03:50:46 2020 No.20406179 >>20406097 Except the data was completely wrong due to lag, losing people money who exploited it

>>	Anonymous Thu Jul 16 03:51:51 2020 No.20406189 >>20406179 you’re thinking of Maker

>>	Anonymous Thu Jul 16 03:53:28 2020 No.20406211 File: 93 KB, 300x300, 1477841106065.png [View same] [iqdb] [saucenao] [google] >>20406189 >boomer devs setting vault liquidation auctions to take 10 minutes before ending is an oracle failure

Anonymous Thu Jul 16 03:56:47 2020 No.20406243
File: 54 KB, 635x559, makerdao oracles exploit marc weller aave.png [View same] [iqdb] [saucenao] [google]

>>20406179
Nobody lost money due to Chainlink in the gas crisis.
That was MakerDAO.

A number of Chainlink nodes even kept feeding data, despite the monstrous gas costs.
The gas crisis was a massive success for Chainlink.

Anonymous Thu Jul 16 03:58:25 2020 No.20406253
File: 96 KB, 958x746, maker dao makerdao explains how oracles failed private feeds.png [View same] [iqdb] [saucenao] [google]

>>20406211
The Maker oracles failed.
This oracle failure turned out to be beneficial for Maker, since the losses would've been even greater if they had reported the true prices.
But they failed nonetheless.

Anonymous Thu Jul 16 03:59:08 2020 No.20406263

>>20406071
Woahhh, wait a minute there nolinker, you're telling me that

>despite hating LINK you monitor the price religiously and make a thread as soon as there is any movement
>develop novel and intiutive FUD plotlines using the most up to date information you constantly seek out
>dedicate your creative energies to editing maymays with LINK branding
>have LINKtrader, GitHub, Gitter, pivotaltracker bookmarked so you can keep up to date with the project you hate
>actively participate in a LINK discord or telegram group
>know more about LINK than any other project, even more than stinkylinkies themselves

You need to have sex incel

>>	Anonymous Thu Jul 16 04:08:52 2020 No.20406372 >>20406263 Weird to see a meme I created used against me. Like a son betraying his own father.

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