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24014383 No.24014383 [Reply] [Original]

Lionheart is only half right

https://www.youtube.com/watch?v=Qgeikvn6GfI

Chainlink is still a killer app for decentralized oracles, but it needs to be less used for financial instrumentation OR it needs to be used even more. The more oracles, the cheaper a cost for a price response, and so the more decentralized your request can be.

His example doesn't work if youre employing 1000+ nodes for a price ticker, which all reputable institutions would be using. If NASDAQ is using 20000 nodes all over the world to get a BTC/USD price then you can take that to the bank.

Richard is just softshilling Uniswap to get HEX to pump. Chainlink oracles need mass adoption in order for the network to be secure. But otherwise he's bullshit.

>> No.24014481

>>24014383
So how do you pay the node operators?? Effectively?

>> No.24014516

>>24014383
no he's 100% bullshit. "bitcoin is spaghetti code" i believe he said once.

>> No.24014638

>>24014516
well his example is technically correct, but nobody with a brain is using a service that would pull critical price data from only 3 nodes.

>>24014481
like how do you send 20000 nodes a LINK payment each?