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4109606 No.4109606 [Reply] [Original]

Guys
what exactly is the oracle problem?
>inb4 DYOR

>> No.4109623

oracles help translate data from real world to computer systems

right now oracles have to be centralized

would be nice for them to be decentralized so you dont have to trust anybody

chainlink is what will do this

>> No.4109625
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4109625

>>4109606
the problem of you having cash in you wallet

>> No.4109644
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4109644

oracles, internet of things, atomic swaps, masternodes, blockchain, proof of stake works, if you haven't realized by now crypto is one big meme designed so nobody really understands what they're investing in. don't think about it too much

>> No.4109655

Poo poo coin pee coin

>> No.4109657

>>4109606
ITS NOT REAL SELL SELL SELL HAHA I'M DOING SOMETHING IM NOT UNEMPLOYED IM MAKING INTERNE MONEY (for steam games mommy won't buy me)

>> No.4109671

>>4109644
those things aren't that complicated. you're just a brainlet :^)

>> No.4109678

Smart contracts cannot be influenced in how they carry out what they're INSTRUCTED to do, based on how they were initially programmed.

But, the INPUTS of information which the smart contracts intake to carryout their operations (oracles) can be an area which influences how a smart contract carries out its programmed instructions.

The Oracle Problem is a problem of an outside party having too much influence on how a smart contract can work, by influencing the information it takes in to carryout its programmed instructions on.

>> No.4109680

>>4109623

Yes.

Oracles are pretty much the only thing that will keep crypto from being one large, coin-trading, circle-jerking bubble.

>> No.4109687

watch the movie matrix u tard, there's a reason why antshares mooned

>> No.4109707
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4109707

>>4109671
haha i'm sure you understand it all senpai

>> No.4109714

>>4109606
You know how when you describe ETH to skeptical people and you say like you could make a bet on who would win the superbowl and it would automatically pay out? The oracle problem is who exactly you consult to automatically decide to wins, right now you'd have to trust some central agency to determine who wins like the ESPN website. People don't want to just trust that ESPN doesn't fuck up and momentarily post the wrong results or conspire with your opponent to do so.

>> No.4109723
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4109723

>>4109606
>he thinks the oracle problem even exists

>> No.4109729

>>4109707
They're pretty rudamentary concepts desu. I could explain the basics of each of them in a couple of sentences.

>> No.4109747

>>4109606
dont worry about it
it got solved a while ago

the real problem is the toilet problem

>> No.4109789

>thinks decentralized oracles wont become controlled by a organization
>implying people wont be able to game the system
youre trying to solve a problem thats been around since humans evolved from apes
>greed
not the nonexistant oracle problem, people will and can game the system then what happens to your muh decentralization????

>decentralized currency bitcoin
and yet youre at the mercy of centralized pnd whale group, so tell me is it really decentralized?

>> No.4109794

>>4109729

Please do, anon-friend. Newfag here.

>> No.4109812
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4109812

Its just congitive dissonance. They know LINK is a silver bullet. They know its for real. But they are NOLINKers. So they obsessively FUD it to try and confirm that their decision to not invest is correct. They don't just hide the threads. They don't just filter it out of their board. They don't do anything that would actually mean they don't care about it. They care so much. They can't stop talking about it. They can't stop FUDing, and it consumes them. Its all they think about. They wake up and FUD LINK. They eat their ramen and FUD LINK. They jerk off and FUD LINK. They pass out next to their body pillow and dream of FUDing LINK. They have to be right, but at the back of their head they're terrified. They're terrified that they might miss out on the next big thing. And so they cope by FUDing more. And the cognitive dissonance grips their minds more tightly. It's no longer an obsession. Its a fetish. But the more they try, the more they reveal the truth. The truth will be proven by their very reply to this comment.

We live rent free in their head.

>> No.4109831

>>4109644
i don't give a fuck about this ching chang tech names. I just wanna make money brah