[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 691 KB, 1332x840, Screen Shot 2017-10-24 at 12.10.49 AM.png [View same] [iqdb] [saucenao] [google]
4024803 No.4024803 [Reply] [Original]

https://www.youtube.com/watch?v=7JXpjUr3pfI

>> No.4024819
File: 409 KB, 2174x1078, Screen Shot 2017-10-21 at 2.33.47 PM.png [View same] [iqdb] [saucenao] [google]
4024819

https://www.youtube.com/watch?v=BTw7b6xG4uo

>> No.4024833
File: 292 KB, 1037x1072, img1-2-b332aa1af04bfd4da742e475c70e77e593f43ba24349b871939dbd8c3201c41b.png [View same] [iqdb] [saucenao] [google]
4024833

Smart Contracts for Enterprise

https://www.youtube.com/watch?v=xpYRD5b50pc

>> No.4024912

>>4024803

Is there any incentive to run a node if you're not using your own APIs? I'm still really unclear about who the intended node operators are.

>> No.4024967

>>4024912
Also curious. Maybe API's can be provided from other sources?

>> No.4024983

>>4024967

Getting paid in the ChainLink token retard, that's literally the entire point

>> No.4025016

>>4024912
>>4024967
This -- nobody seems to understand the answer. For us mere mortals that might want to set up a node and stake LINK, is there any sense in doing so if we can't actually provide the network with access to some kind of API data?

>> No.4025077

>>4024983
Well that makes sense. I guess sergey is trying to boost ProofOfStake off big companies with the unsold link?

>> No.4025287

>>4024803
how many LINK can i make doing this if i got 40k LINK?

>> No.4025301

>>4025016
also not sure. if im not providing an API - will my node get used?

>> No.4025376
File: 67 KB, 900x450, oracle distribution.png [View same] [iqdb] [saucenao] [google]
4025376

>>4024912
The intended node operators are anyone with access to data that is useful to smart contracts. A ton of desirable data is publicly available to anyone with an internet connection. The most obvious and immediate would be the fiat value of cryptos, which you could scrape from CoinMarketCap and exchanges. Other useful data that you with your normal PC could have access to include, off the top of my head:
Weather
Traffic
Status of servers
Stock and commodity values
Event outcomes (sports, contests, lotteries)
Item prices on secondary markets like eBay and Amazon
Review scores for movies, TV, and video games

The whole point of ChainLink is that you get multiple nodes checking multiple data sources each, forming a consensus. Specific classes of data that are more rare - the kind you might have to subscribe and purchase from data providers to even access - would correspondingly be worth more LINK to provide.

>> No.4026235

Sorry, I cant check it rn
What data is in demand already?
What language are nodes inplemented?
Is there a gui to this process?

>> No.4026292

>>4025376
So does that mean it takes actual work?
or is it like mining bitcoin?

>> No.4026461

Best thread I've seen on LINK yet. Let's build a community based on this, not fear and panic.

>> No.4026473

>>4025376
so basically i could make my own weatherstation plug a raspi to it and provide my data via a chainlink to the network in a smartcontract, because pple would like to know how the weather is in my shit village?

>> No.4026500

>>4026292
yes actual work to implement an api onto chainlink

>> No.4026539

>>4026473
Yes you could, but as you surmised such data would be in low demand. Now if you wrote a program to scrape wx data from a bunch of different sources, not only would you have valuable data fed to a contract, you would also have other nodes doing the same, verifying and hence increasing the value of said data.

>> No.4026581

>>4024803
How many long LINK do u need for node?

>> No.4026684

>>4026581
Fuck off to plebbit, pajeet scum.

>> No.4026836

>>4025301
>>4025016
>>4024912
>>4024967
Node operators translate API data to blockchain data.
It doesn't matter whether that API data is yours or someone else's.
What matters is how desirable and correct your data is.

>> No.4026849

>>4026292
Node operators carry out the oracle computations, and some more things.
It's honestly all in the WP.

>> No.4026859

>>4026581
None.

>> No.4026862

>>4026849
oh duh. that makes sense.
So much potential.

>> No.4026871

>>4026859
Can we start getting paid to actually run it?

>> No.4026880

>>4026871
If there's a need for your services, that's the plan.
Not sure if everything is up and running already, I'm working.

>> No.4027225
File: 69 KB, 500x894, sideboob-2.jpg [View same] [iqdb] [saucenao] [google]
4027225

What is this guy talking? What the fuck is dmamaping?

https://steemit.com/trending/dmamapping

>> No.4027234

>>4027225
Umm, wrong thread :)