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/biz/ - Business & Finance


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23232224 No.23232224 [Reply] [Original]

no this obviously won't kill Chainlink, but it could very well take away their market share in the price feed business.

ERC-95 WILL ACT AS AN ORACLE. ON CHAIN DATA.

>> No.23232260

>>23232224
They still need a trusted data provider. Guess who that will be.

>> No.23232285

>>23232260
Decentralized exchanges, dummy

>> No.23232343

>>23232224
They are trying to confuse idiots who will think this is a standard like ERC20. Looks like it is working on at least one idiot.

>> No.23232363

> literally who is a link killah
> its a new type of scam coin!
kek every time

>> No.23232413

>>23232224
lmfao pretty stupid. its called bringing OFF chain data ON chain

its like you don't even know what the value proposition of oracles are

who the fuck cares about on chain data
who the fuck cares about blockchains with on chain data

the only thing
the only fucking thing
that will make blockchains worth trillions

IS OFF CHAIN DATA SECURELY PLACED ON CHAIN

i hate you mcdonalds tier fucks

>> No.23232534

>>23232224
API3 kills chainlink if anything. Few.

>> No.23232546

>>23232413
can you even read?
>no this obviously won't kill Chainlink

its literally just for price feeds and volume, which, you guessed it, don't need to bring off chain data on chain, when they can just use wrapped tokens and erc95's

>> No.23232569

>>23232224
>Some random devs of a vaporwave coin just happened to solve the oracle problem
>ERC95
>95
>Their entire project centre's around this Windows 95 gimmick

You guys are gonna get rugpulled so hard

>> No.23232583

>>23232224
Wow who gives a fuck considering we can’t even go do anything in the real world ever again

>> No.23232593

Onchain data is solved. It’s called solidity. This is moronic

>> No.23232622

>>23232583
this,, my hole village starving right now dears

>> No.23232625

the most interestidng part of this year has been realising how early we were with oracles. still hardly anyone gets it

>> No.23232664

Wow this is it the chainlink killer coded in a weekend, why didn't sirgay just think of that

>> No.23232668

>>23232546
>its literally just for price feeds and volume, which, you guessed it, don't need to bring off chain data on chain
>its literally just for price feeds and volume
>price feeds and volume
These are not on the chain. Whatever this faggot shit is will bend the knee or cease to exist

>> No.23232700

>>23232593
>Onchain data is solved.
i don't think you understand, this is bringing what would be traditional off-chain data, on chain.
>It’s called solidity
that is a programming language,
you can try and program your off-chain data using it, but you will need an oracle for price feeds. unless you use the new erc-95

>>23232569
>You guys are gonna get rugpulled so hard
nice cope, why wouldn't they have excited with over $10million already? why would they go through multiple reputable audits?
if this is a rugpull it will be the greatest rugpull of all time, i wouldn't even be mad

>> No.23232727

>>23232224
so instead of a json parser they're building a block explorer scraper

>> No.23232728
File: 25 KB, 400x400, 15835920897.jpg [View same] [iqdb] [saucenao] [google]
23232728

>>23232700
OOOOOOO LINKIEEEEES

>> No.23232729

>>23232622
Do the best Pajeet shilling there is, and I’ll throw in a few Eth.

>> No.23232734

>>23232583
>we can’t even go do anything in the real world ever again
doomer, covid isn't the apocalypse, neither is blockchain, there's no doomsday

>These are not on the chain.
care to prove that so we can end this thread once and for all?

>> No.23232762

>>23232700
>nice cope, why wouldn't they have excited with over $10million already? why would they go through multiple reputable audits?

Lmao, you must have a real short term memory.
BREE didn't rugpull at $50, it rugpulled at like $6. They also went through audits.

>if this is a rugpull it will be the greatest rugpull of all time, i wouldn't even be mad

I'm sure you'd be mad if you lost all your money on BREE. Elaborate or not, a rugpull is a rugpull.

>> No.23232776

>>23232734
Did you even read the screenshot?
>"ERC95 brings it on-chain"
Direct quote here. He says the data is off chain, and they are bringing it on chain. That is the pretty much definition of an oracle. So yes, consider this thread ended.

>> No.23232804

Vitalik did this because he hates Sir Gay

>> No.23232805

>>23232776
To be more concise. Volume and prices are not on chain. Because trades don't happen on chain, they happen on exchanges. That data comes from exchanges. Even in the case of trades that do happen on chain, that would only be one chain. Any trade data from any other blockchain would be offchain data, and you still need an oracle. Any FIAT pairs, previous metals, prices of any other crypto, etc. That is off chain data. This is a retard money grab, not a real threat.

>> No.23232836

>>23232776
"it will act as an oracle" not, it is an oracle.
https://medium.com/core-vault/erc95-a-new-standard-e59e806b7d82
your turn again

>> No.23232851

OOOOH LINKIIEE

>> No.23232858

>>23232285
Guess who the dexes get their trusted data from.

>> No.23232876
File: 69 KB, 680x680, wojakintell.jpg [View same] [iqdb] [saucenao] [google]
23232876

>>23232805
aaaand checkm8

>> No.23232906

>>23232836
Do you know what an oracle is? You cannot act as an oracle without being an oracle, by definition. It is not an oracle. The person that wrote the article is almost as dumb as you.

>> No.23232916

>>23232224
you don't even know how ERC-XXXX receives its numbers
where is your EIP?

>> No.23232949

>>23232916
https://eips.ethereum.org/EIPS/eip-1
what about it?

>> No.23232983

>>23232906
kek,
just tryna understand wtf this article even meant

>> No.23232984

>>23232285
BZX got hacked since it trusted Uniswap feed blindly.

>> No.23233025

>>23232224
It makes the token be aware of its pool pair exchange rates on chain. It is rather limited.

>> No.23233026

>>23232906
ur just saying its a scam

>> No.23233051

>>23233025
>the entire purpose of the LINK project for example is just to capture data like this

>> No.23233095

>>23232776
Don't put money you want to keep into this scam.
This is an obvious pre tensioned rug.
Anyone who has been around kong enough can see this.
Take this as a warning, not an effort to piss you off

>> No.23233121

>>23232983
>holy fucking shit
>could very well take away their market share in the price feed business
>nice cope
>aaaand checkm8
This is not the attitude of someone who is "just tryna understand wtf this article even meant"

>>23233051
This is false.

>> No.23233205

>>23233095
the smart contracts are public, someone would have found the backdoor, they test every function in the contract
>inb4 scam coin with scam audit got rugged therefore same will happen to this

>> No.23233213

Been tryna warn anon. All these devs tryna do is hype it as much as possible. They shitpost in tg all day tryna hype.
Its a dead project, keep coping

>> No.23233224

Just read the article, and if I understand it properly they are not at all trying to compete with Chainlink. This isn't an oracle network, and the data involved is not going to be relevant for anything outside of CORE (unless we're talking about derivative contracts). I take this all to mean that *specific to wrapped tokens* which are being traded within CORE's protocol (in addition to CORE and ETH themselves), they will be able to record on-chain the volume and "price", because the transactions regarding these wrapped tokens are by definition on chain (and so you have access to the "price", e.g. "how much X was paid for Y"). I see this as a relatively exotic and limited oracle edge-case that really is not grabbing data from "off-chain" at all, but extrapolating analytics of on-chain data to "price" and "volume" parameters to be used in contracts. If this is off-base I'd like to get some clarification.

>> No.23233243

>>23233121
link is used to capture price feed data, as well as other types

>> No.23233286

>>23233224
yeah i think your understanding makes sense, to me anyways,
thanks for the clarification on wtf this is doing i didn't really grasp the >wrapped tokens are by definition on chain
part

>> No.23233349

>>23232224
What the fuck do those words even mean you fucking retard? Are we entering another period of “LINK killers” that end up being garbage/scams? Just fuck off. You had 3 years.

>> No.23233376

Show me EIP-95 where this standard was proposed

>> No.23233390

>>23232583
>oh no, the flu

>> No.23233412

>>23233224
Shill circle complete

>> No.23233428

>Currently, token data about liquidity and volume is calculated off chain. This process is inefficient and not useful to our smart contracts and Vaults.
>calculated off chain
>inefficient
wut
i guess they mean it is inefficient to pull vw price data from offchain so they intend to build an onchain oracle, sort of like uniswap's price oracle, that can report vw price data to a yield farming alg so it can better account for slippage when checking for optimal strategies. no idea if other yield farming projects do this, would be surprised if they don't.

also fuck off retards comparing this to link, why don't you try to figure out if this stupid idea will generate demand for core

>> No.23233440

does this mean we're actually making it?
LINK killers are now a thing?
very bullish for link

>> No.23233465

>>23233412
I don't own any CORE and am not shilling, just trying to understand what this is given the claims of its relevancy to Chainlink and price feeds. With respect to my understanding, this will not be relevant for basically any price feeds that do not involve transactions that occur on-chain (between, if we limit discussion to Ethereum, wrapped tokens, ERC X tokens, and ETH), which is basically most use-cases for contracts that require price feed (between two completely different chains, e.g. ETH and BTC).

>> No.23233494
File: 18 KB, 558x614, 664 copy.jpg [View same] [iqdb] [saucenao] [google]
23233494

>>23233349
>no, this obviously won't kill Chainlink
are you illiterate??
you just make up some seething cope to defend Link for no reason.
i bought 3 years ago and already made it, just researching other shit now cuz i'm bored

>> No.23233517

>>23232260
No, core won’t. Because it’s FoT token, it will self-report volume, price, liquidity, etc. it’s genius

>> No.23233518

>>23232984
bingo, goy.

>> No.23233533

the fact that we now have entire projects being made for the sole purpose of riding link's coattails or being labelled "linkkillers" is incredibly bullish.

>First they ignore you
2017-2018
>Then they laugh at you
2018-2020
>Then they attack you
2020-current

Guess what part comes next?

>> No.23233552

>>23233205
OK so you want to believe HARD.... Good luck.

>> No.23233643
File: 46 KB, 1200x1200, 1602013665542.jpg [View same] [iqdb] [saucenao] [google]
23233643

Oooohhhhh liiiinkiiiieeees

You know who's working on this project? One of Blue Kirby's acquaintances - A dev that goes by the name Kiwi who also works with Alan the dev responsible for the SAFE scam. Seems like kirby's shadow is everywhere surrounded by shadiness all around, now they are trying to scam idiots who think a new type of token will replace chainlink everything and anything that builds hype and hooks suckers in is ok with these guys

>> No.23233662

>>23232224
ORACLIZE! Is that even a thing anymore?!? Top kek

>> No.23233868

>>23233533
This thread’s just misleading. It has nothing to do with replacing link, it just means this project will personally not need a separate oracle for their own pools. Disregard mouth breathers, core devs like chainlink

>> No.23233877

>>23233643
Sauce on core’s dev?

>> No.23234043

>>23233533
We'll commit mass suicide to please normies.

>> No.23234058

>>23232224
Vitalik has always hated Chainlink. Honestly believe that Sergey should commit to Tezos or Algorand, it's a bad look for everyone.

>> No.23234060

>>23233877
Mea culpa, mea culpa. Seems Kiwi is not on the core team but just a moderator on the core discord. Everything else is true though, and I dont understand why they would make someone associated with the scammer kirby a mod in the official discord. Doesnt send the right message.

>> No.23234072

This just further validates LINK
>Oh ahh I mean, Oooohhhhh liiiinkiiiieeees

>> No.23234083

>>23232413
nah unauthenticated data is worthless for real life smartcontracts.

>> No.23234114

>>23233533
>Guess what part comes next?
you lose like the curry nigger who made that up?

>> No.23234140
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23234140

>>23232413

>> No.23234362
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23234362

>>23234072

>> No.23234430
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23234430

>>23233533

>First they ignore you
>2017-2018
>Then they laugh at you
>2018-2020
>Then they attack you
>2020-current

>Guess what part comes next?

>> No.23234431

>>23232224
You just basically dropped low iq bait,
and look at them eating it like it not a fake cake.
Problem with most of the statements made by OP and other arguing party, you don't understand that ChainLink will not be only pricefeed data oracle. You don't see it, you don't see future. It's just a beginning...
Just few thoughts for you dumbdumbs. Minimal wage level feed straight from gov nodes to corporate contracts, tax rate feeds, neetbux feeds, weather data feed, moisture level feeds, citizen credit status feeds, good goy points feeds, your blood pressure feeds if needed. You can oracalize anything you fags, but you choose to argue about some token price feeds, where dev themselves says they will supply only themselves with these feeds, which means they are after no good.

>> No.23234471

>>23234060
Doubt they know. Can’t find the mod, what’s his name? Will report if true

>> No.23234489
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23234489

>>23232728

>> No.23234601
File: 99 KB, 570x636, DyDCwrbX0AIK3hA.jpg [View same] [iqdb] [saucenao] [google]
23234601

>>23232224
Holy fuck this is huge - linkies BTFO, I don't think anons realise fully that an ERC-95 will DESTROY chainlink, that's 75 ERCs more than LINK has!

And in case you didn't know already, LINK is only ERC-20 and even then the ethereum rating council was going to downgrade LINK to ERC-10 back in 2018, but Sergey bribed them not to with some of the ICO money. LINK is finished. Its over.

>> No.23234614
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23234614

>>23234601

>> No.23234678
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23234678

Friendly reminder any and all tokens, scam or otherwise, just add to chainlink's point of need for zero trust requirements.

>> No.23234702

>>23232224
OP you are retarded and only confusing /biz/ pajeets and linki stinkers. This is only valuable for core vaults and not other coins. It will not take any share fron link

>> No.23235144

>>23234060
The devs are never on discord that I can tell, mainly telegram. So I doubt they know much about who's on discord

>> No.23235963
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23235963

A thread full of stinkie linkies shitting their pants in fear. Kino. Of course this is nothing compared to what is coming 2021.

>> No.23236029

>>23234362
Seal of Solomon. Smooth brain

>> No.23236043

>>23232260
Flare oracle

>> No.23236045

>>23234430
based
>>23233533
checked and based

>> No.23236082
File: 72 KB, 771x451, 5937586B-7F66-4237-9F7B-007401CF4AB8.jpg [View same] [iqdb] [saucenao] [google]
23236082

>>23235963
>A thread full of [headcanon]
>Of course this is nothing compared to [headcanon]

>> No.23236101
File: 240 KB, 1329x1429, 1597161444616.jpg [View same] [iqdb] [saucenao] [google]
23236101

>>23236043
>DING DING DING

>>23236082
Enjoy watching LINK spiral into nothing.
>But muh standard
No sweatie, that's already been decided on.

>> No.23236145

>>23236101
ahahaha it’s a fucking rippletard

>> No.23236194

>>23236145
You think XRP and FLARE are the same beast? Wrong. Have fun with your delusions for a while longer. This space changes fundamentally 2021.

>> No.23236249

OOOOOOOOO LINKIEESSSS

>> No.23236651

>>23235963
I own 2k link and 5 core

>> No.23236938

>>23232625
i hold both link and core (since presale) and the people saying this kills link are fucking retarded.

>>23232413
this nigga is correct.