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54513014 No.54513014 [Reply] [Original]

>> No.54513025
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54513025

>>54513014
Based

Put those submissive cuckolds in their place. The token will never be needed

>> No.54513038

>>54513014
>>54513025
Isn't this bullish for chainlink?

>> No.54513041

>>54513014
>blackmail
>into paying fees
>for service
KEK
>>54513025
>I can't into sarcasm
Thanks for letting us now, fuddy

>> No.54513046

>>54513014
If you read all the replies he mostly just gets dunked on with no rebuttal available.

>> No.54513058

>>54513041
it's blackmail. Chainlink is holding a gun to the every DEFI project and telling them to pay up or expect a bullet in the head. This is not what crypto is about and totally irresponsible for chainlink to do this.

>> No.54513062

>>54513038
Not really if somebody realizes that they can just fork link and run a cheaper oracle than sergey. It would result it total chainlink death.

>> No.54513069
File: 143 KB, 717x666, 1680963727475005.jpg [View same] [iqdb] [saucenao] [google]
54513069

Chainlink Started Charging For Their Services And That's a Bad Thing, Here's Why

>> No.54513073

>>54513038
Competition will bring cheaper options. Many defi projects are already building their own oracles in-house.

>> No.54513081

>>54513062
Remember links source code is public so I can go and start my own oracle service with it and charge less than sergay or charge nothing more than the cost for infrastructure if I wanna completely sink the link foundation.

>> No.54513083
File: 38 KB, 414x395, Punished_sergey.jpg [View same] [iqdb] [saucenao] [google]
54513083

>>54513058
>Chainlink is holding a gun to the every DEFI project and telling them to pay up or expect a bullet in the head.
Based. This is the new punished Sergey I can get behind.

>> No.54513088

>>54513058
Lol, lmao even

>> No.54513089

>>54513073
This, the final link blackpill that the realization that the tech is not special or replicateable.
Linkies stay btfo, as usual

>> No.54513093

>>54513081
And in my oracle service the token is not needed :)

>> No.54513094

>>54513081

Go on then.

>> No.54513097

>>54513058
Not to mention hacking any platform that uses an inferior oracle service or god forbid, an inhouse oracle. Very Chicago mafia, protection money kind of deal.

>>54513062
We're back to shadowfork fud. Personally, I'm all for it.

>> No.54513098
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54513098

>>54513089
>NOOOOO MY HECKIN' PREMINED 2017 SHITCOIN WILL REVOLUTIONIZE THE WORLD SERGEY IS SATOSHI JUST TRUST THE PLAN HARDER!!!

>> No.54513103
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54513103

>>54513094
>he dosent know thats underway already kek

>> No.54513105

>>54513089
>>54513098
Retarded fubot friendly fire kek

>> No.54513107

>>54513103
Binance also did it albeit internally and it’s not a 100% clone

>> No.54513110

>>54513098
>Doesn't detect sarcasm in OP
>Can't quote the right post to yell his gibberish strawman at
Take a breather dude, you've been at this for days and you're getting sloppy.

>> No.54513112

>>54513103
>he thinks this is Chainlink tech or that it won't lead inevitably to huge amounts of money being lost in an obvious exploit which Chainlink wouldn't succumb to
hahaha how brown is your skin?

>> No.54513146

>>54513112
God you tech illiterates are insufferable. Chainlinks tech is completely open source so anybody can copy/paste some or all of it. Sergays big mistake was making his project open source. He should’ve kept it proprietary if intended on extorting customers.

>> No.54513163

>>54513112
I can smell your fear baggie

>> No.54513181

>>54513146
And the source code is MIT license to boot. What was this retard sergay thinking kek.

>> No.54513182

>>54513146
>Chainlinks tech is completely open source
No it isn't.
>>54513163
kek sure you can. I'm swimming in fear. Whatever will we do without the magisterial and ever more powerful DYDX lmao.
Again, they'll be attacked and drained within 6 months. Cap this.

>> No.54513189

>>54513182
lol lmao: https://github.com/smartcontractkit/chainlink

>> No.54513223

>>54513182
DYDX is just the beginning baggie. Why would the defi industry bend the knee and pay that fat russian faggot when they could do the job themselves. Again, you arent special and token not needed

>> No.54513227

>>54513189
Okay then please show me a completely up to date fork of the Chainlink Oracle service and all its attendant functions and other processes. Better yet, make one yourself. Go on. I'll be here.

>> No.54513233

>>54513223
>when they could do the job themselves
They can't do the job themselves.

>> No.54513248

>>54513233
They or another competitor absolutely can. It was just more convenient to take freebies when like was giving it out. Now that there is reason to do it, it will be done.

>> No.54513252
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54513252

>>54513014
>paying for unbroachable security / data fallibility after having a free test run with it is "blackmail" now
if you ever read this
go pick up my food order you retarded fat cuck
>>54513025
>>54513098
and take your esl full time fud niggerfaggot friends with you

>> No.54513257

>>54513248
>just provide a security service for free bro!

>> No.54513264
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54513264

>>54513248
>it will be done.
No it won't.

>> No.54513271

>>54513264
Based on what? Your hopes and dreams? Markets always strive for the most cost effective measures.

>> No.54513290

>>54513058
>it's blackmail.
It's not. It's capitalism.
Got a cheaper/better alternative? Use that then.
There's not a better/cheaper alternative? notmyproblem.jpg

>> No.54513295
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54513295

>>54513062
would my chainlink ($LINK) tokens go to zero in this scenario?

i think i need to sell right now while the price is still unnaturally high. thank you.

>> No.54513298

>>54513271
>Markets always strive for the most cost effective measures.
Precisely. This is why they'll continue, by and large, using Chainlink.

>> No.54513309

>>54513295
Theoretically yes if a selfless individual decides to fork link and only charge operational costs. Sergay and the link foundation wouldn’t be able to keep up with that pricing. And btw in the new fork the token wouldn’t be needed.

>> No.54513331

>>54513298
Right, because monopolies always produce the beat fair market prices.

>> No.54513333

>>54513309
BTW I have no dog in this fight and I’m happy for the linkies if they make it but extortion like this seldom works when your project is not proprietary.

>> No.54513335

>>54513309
Go on, be that selfless individual. It's easy, right? You might even be able to make a little cash doing it.
All you have to do is copy and paste all the code and then go around offering it for free. I'm sure nothing will go wrong. I look forward to it, in fact. Competition is good for the space.

>> No.54513361

>>54513335
The point isn’t to make money. It needs to be a non profit that only charges the cost if infra. If DeFi space as a whole decides to get it done it will be done but will they do it remains to be seen,

>> No.54513372

>>54513331
The reason they are a monopoly is because they have the best team for the job and said team has spent years working on the best solution which has been accepted by the community as demonstrably successful and safe. They are trustworthy, honest, professional, diligent and they are innovating all the time. To think someone can come along, fork the code, and everyone will jump ship to this other entity merely because they are charging a little less (it won't be free, or even much cheaper, Link aren't extorting anyone, they're charging a fair price) is childish, simplistic, myopic thinking. It's the kind of thinking produced by communists.
>>54513333
Checked. It's not extortion. They are offering a service. Anyone is welcome to turn that service down and go their own way. Some will. They will learn.

>> No.54513381

>>54513361
Right, well I think you're being purposefully naive. You know it's not going to happen. I will enjoy any attempts, though. They will end in unmitigated disaster. It would genuinely be the last nail in the coffin for any thoughts that Chainlink isn't the standard.

>> No.54513386

>>54513073
>in house oracles
lol
>>54513081
its not the code that is special here.
these guys - still dont realize it - there IS no competition for Chainlink. There never will be.

>> No.54513391

>>54513381
And you are being overly optimistic. Nobody knows what the future holds my fren. Diversify accordingly.

>> No.54513410

>>54513093
You won't because you can't. If you're going to fud, try not to be so obviously retarded, jeetnigger

>> No.54513418

>>54513290
maybe we could call it capitalism if Chainlink’s dedicated hacker team didnt specifically target projects who refuse to use their services for exploits

>> No.54513428

>>54513248
>dydx, a 10 low IQ person shitty exchange which is quickly running out of runway because they’re not yet profitable will just launch oracles, a product which took a team of over 100 5 years and tens of million dollars guided by top academic researches in cryptographic security to perfect. And they’ll do it before they go out of business.

Kek. This should be entertaining.

>> No.54513445

>>54513290
cryptocurrency is supposed to be an alternative to the broken capitalist system.

>> No.54513446

hey that guy looks a lot like my door dash driver

>> No.54513453

>>54513428
not so hard for a motivated organisation when the heavy lifting has already been done. (Thanks open source)

>> No.54513487

>>54513386
>its not the code that is special here.
They know this. They are being obtuse for a reason.
>>54513391
Listen, I understand it's obvious that I hold a lot of Chainlink, I won't deny that, it's my largest position. I will say, though, that the fud here in this thread has been refuted repeatedly since 2018. It is stale. One needn't hold any Link to see that the argument being made here is silly. There aren't any decent competitors to Chainlink because their team is too good. They have far, far too much expertise and have far, far too many resources. The rest have been playing a game of catchup with a fucking jet car, while they're all riding around on horses.
They can fork the code all they like. The reason Sergey et al went forward with open source code is because they were extremely confident that it wouldn't matter in the end. They were right.
If you are a sunday league side in the FA Cup and you find yourselves somehow playing against Manchester City, you don't suddenly stand a chance because someone snuck into their training ground and robbed their tactics and team sheet. They will still run rings around you even if you understand exactly how they're doing it. This is what is happening. They will continue to pull away. Functions, Deco, CCIP. Not one of their competitors has created one of these things, the thought that they will come up with all 3 is laughable, but go on, tell me how some institution will copy+paste the code and spin up their own service and compete with Chainlink and the MASSIVE lead in tech, expertise and networking they have ALL WHILE GIVING IT AWAY FOR FREE.

I know you're all just fudding and you don't really believe what you're saying but you could at least try to make it sound believable. This is pathetic.

>> No.54513497

>>54513418
The others are free to do the same to Chainlink. They even have the source code to read for vulnerabilities. They must surely be trying, right? Hmm, Link must be an AMAZING Oracle service to have not been exploited yet.

>> No.54513514

Wait, Bitcoin is open source too, right? I can fork the code right now and make millions a day from mining it alone.

Why hasn't anyone thought of this?

>> No.54513517

>>54513103
dydx has always been run by retards though. thats why they fumbled the first mover advantage of being the first on chain perp dex so badly at every step of the way and now are an irrelevant low volume kyc scam running on cosmos or some bullshit while gmx is printing money

>> No.54513942

>>54513418
haha, they know that, they also know that no other team could protect them from CLL too which is why they will all pay the protection money

>> No.54513962

>>54513058
This, this space used to mean something!!

>> No.54513981

>>54513073
Lol. As if this not already have been the case in 2017-2018.

>> No.54514327

>>54513445
Lmao according to who? Crypto was just supposed to create a trustless payment system. It did. And here we are.

>> No.54514342

>>54513517
yeah but their airdrop was juicy and allowed me to buy more chainlink therefore linkies BTFO

>> No.54514391

>>54513514
This wtf a fork just flew over my house!?!??

>> No.54514401

>>54513038
This is the “fight you” before “you win” part playing out to the letter

>> No.54514528

>>54513103
Only people that feel sorry to are the normies that will get rugged

>> No.54515183

>>54513428
Fucking kek I'm having the most fun I've had browsing a bear market /biz/

>> No.54515233

>>54513182
>No it isn't.
you're really going to fud your bags this hard?

either chainlink isn't 100% open source, and then legitimate defi projects should be rushing to the exits as fast as possible
or it is 100% open source and it'll be cloned and built in-house every time a defi project reaches a moderate size that makes it worth their while

chainlink loses in both scenarios
the terminal top was in 2020 for very good reason

>> No.54515298

>>54515233
>The entire network must be open source
Look at this idiot absolutely MALDING and SEETHING at the thought that he can't fight reality kek

>> No.54515300

>>54515233
>bro just clone a network of tried and tested validators and the relationships and contractual agreements which ensure validators are paid and incentivized properly. Just clone all of that.

Fuuuuuck me there are some room temp IQs in this thread

>> No.54515384

>>54515233
I no longer feel the need to reply to you as
>>54515298
>>54515300
Said pretty much what I would have in not so many words.
I just wanted you to know that I'm smarter than you, and I'm Whiter and have a better life. kek.

>> No.54515487

>>54515233
Omg you are right. All open source projects are worthless.

I'm going to copy and paste twitter and sell it for billions.

https://github.com/twitter

Or perhaps it's the users and the network it creates that gives it value and security? Naahh its just the code bro.

>> No.54515522

>>54515233
Bro I can just copy paste BTC code

>> No.54515529

>>54515487
DUUUUUUUDE DON'T YOU REALISE IT'S A MATTER OF TIME? Twitter is finished! Trump could just copy and paste it and charge NOTHING and EVERYONE would go to his site. Musk BETRAYS!

>> No.54515539
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54515539

pic related

>> No.54516295

>>54514342
link was like $25 or more at the tiime of that airdrop

thanks for buying my bags

>> No.54516335

>>54513487
Please educate me, I am firmly midwit, IQ 120.
All chainlink feeds rely on third party data. Why cant I just grab the data directly?
From my research, a DON is just multiple chainlink nodes aggregating different feeds and aggregating them somehow (average, median, or whatever).
What is so complex or difficult about this. Why would anyone pay money for this instead of just building it in-house.
Why would I use chainlink which is a third party centralized service when I can just roll my own?

I'm honestly trying to understand. Thanks.

>> No.54516421

>>54516335
Redundancy. You need 100% uptime and 100% accuracy forever, anything less and your protocol is dead

>> No.54516456

>>54516335
we really are in 2018 again

>> No.54516465
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54516465

>>54516335
as we're in 2018, best thing to do would be to read this 5 times, and slowly:
https://smartcontentpublication.medium.com/completing-the-god-protocols-a-comprehensive-overview-of-chainlink-in-2021-746220a0e45

>> No.54516474

>>54514401
i want to feel sorry for you anon, but i just can't

>> No.54516525

>>54513014
Funny how no one corrected him on chainlink being centralized.

>> No.54516603

>>54513058
lmao this fud is really bullish

>> No.54517908

>>54513014
congrats you found out chainlink is a scam grandpa

>> No.54517991

>>54517908
Wtf is a scam grandpa? Your wife's boyfriends dad?

>> No.54519202
File: 231 KB, 717x1036, Screenshot 2023-04-09 at 13-37-52 Antonio dYdX on Twitter.png [View same] [iqdb] [saucenao] [google]
54519202

>>54516335
Don't even know why I'm wasting my time with this but whatever. When people like you use language like
>why can't I JUST grab the data directly?
>a DON is JUST multiple Chainlink nodes
>Why would I use chainlink when I can JUST roll my own?
It's a big tell you have no idea what you're talking about. First of all: stop trivializing everything. Software systems tend to be complicated, and when you're talking about decentralized systems you introduce an order of magnitude of increased complexity. You can't JUST grab the data directly because by doing that you're defeating the point of having a decentralized system. If you JUST grabbing the data consists of you running some free-tier EC2 piece of shit in AWS and you run out of credits what happens then? All of sudden you can't JUST grab the data directly and your dApp is fucked.

A DON formalizes all the shit you just trivialized into a well-defined set of behaviors that can be safely integrated into a decentralized application. If you are genuinely curious then go read their documentation, they go into extensive detail on what goes into JUST aggregating them (somehow). They cover just about every scenario you can think of.

In terms of why not JUST roll your own oracle? Go ahead. No one is stopping you. But before you do that go look at what others have attempted (and miserably failed at) to make sure you're not trivializing the problem into thinking it's JUST a JSON parser. Competition would actually be a good thing IMO, but it's been amazing to see how no one else is up to the task. Every other oracle is some half-baked piece of shit that inevitably has a catastrophic failure. The problem with rolling your own oracle now is Chainlink is literally years ahead of you. While you'll be working on creating price feeds, they're getting ready to launch a general purpose, trust-minimized compute service.

Look at this dYdX bullshit.
>yeah they're pulling from the same source but I dunno they can do whatever

>> No.54519371

I actually worked for Chris Blec on defi watch. He paid for us to setup his website and get him started in the podcasting realm. Chris isn’t a bad dude maliciously, he’s just dumb. He’s one of those guys who’s IQ is 99, so he’s on the cusp of breaking triple digits, but not there.

He made a bit of money off the 2017 run, and sank a lot of money into a cuckshed in Florida that he didn’t pay off. So his wife has to work, while he “podcasts” on defi watch, and Uber eats and doordashes people food. What he doesn’t tell folks is that he spends most of his day in his car delivering food, listening to crypto podcasts. Here’s where it get interesting, he told us this, our team who designed his site and helped launch him- is that he just picks a random topic and pretends to be contrarian for clout (money).

He does all this in such a way that it’s just too obvious for folks. Plus taking Tellors money didn’t help his cause as the “defi police”

>> No.54519420

>>54519371
It's been blatantly obvious for a long time that he's just an engagement farming loser.

>> No.54519469

>>54513058
Kek. Wake up, this is what capitalism is. If you provide a valuable service that no one else can emulate then the value of that service will increase. These defi projects are more than welcome to use a different oracle service, but no, just pure seething. Why do people use Amazon to order stuff online despite you being able to buy the same item off the manufacturer’s website? It’s a question that has an answer.

>> No.54519664

>>54516465
This chart clearly says we are in 2019 though. Actually it says we are in 2023

>> No.54519693
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54519693

>>54513058
>Chainlink is holding a gun to the every DEFI project and telling them to pay up or expect a bullet in the head

>> No.54521496

>>54513014
bump

>> No.54521551

>>54513514
Are you saying link is as useless at BTC?

>> No.54523333

>>54519202
>that pic
Fucking hell I am dropping everything and learning solidity along with cybersecurity right now. These mongoloids are BEGGING for their shit to be stolen and having to hide their asses for fear of affected users beating them within an inch of their lives.