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/biz/ - Business & Finance


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7559107 No.7559107 [Reply] [Original]

Smart contracts are very interesting but only viable for blockchain assets. Their most interesting use-case is trustless casino games and prediction markets. They're never going to be used for real-life agreements. Most of real-life is centralized. A decentralized system is only as decentralized as its weakest (most centralized) link. Sure, you might be able to use oracles to relay the winner of the super bowl or the winner of a national election but you're not going to be able to accurately measure whether business A is holding up its end of the deal to business B or person X is holding up his rental agreement to person Y.

The oracle problem is overblown. If you want data from the outside world just query some APIs and take the average response. It will be good enough for 99% of use cases. Code vulnerabilities will be almost nonexistent once the formal verification tools for Ethereum get improved.

>> No.7559143

>>7559107
Smart contracts are very interesting but only viable for blockchain assets. Their most interesting use-case is trustless casino games and prediction markets. They're never going to be used for real-life agreements. Most of real-life is centralized. A decentralized system is only as decentralized as its weakest (most centralized) link. Sure, you might be able to use oracles to relay the winner of the super bowl or the winner of a national election but you're not going to be able to accurately measure whether business A is holding up its end of the deal to business B or person X is holding up his rental agreement to person Y.

The oracle problem is overblown. If you want data from the outside world just query some APIs and take the average response. It will be good enough for 99% of use cases. Code vulnerabilities will be almost nonexistent once the formal verification tools for Ethereum get improved.

>> No.7559206
File: 156 KB, 800x800, 1516155893536.jpg [View same] [iqdb] [saucenao] [google]
7559206

>>7559107
at this point /biz/ should be renamed /linkshill/

>> No.7559238

>>7559206
i think /biz/ should be renamed /s/
enough with the pornposting already

>> No.7559250
File: 3.84 MB, 3036x4048, IMG_20180211_120819.jpg [View same] [iqdb] [saucenao] [google]
7559250

My vinyl stickers disagree.

Check'em.

>> No.7559256

>>7559206
linkposting and brapposting should be lifetime bans.

>> No.7559262

>>7559107
oracles are creepy and weird

>> No.7559306

>>7559238
>porn
its a nice vista with a smiling girl, is there a problem?

btw for link holders - what do you think of all the cl shilling? I mean there is a difference between discussing its technicals and overt shilling which is why I chose to ask here

>> No.7559315

>>7559238
This. Someone explain shit like that to me: >>>/s/17978302

>> No.7559367

>>7559315
fuckme this is getting out of hand

>> No.7559389

>>7559306
It's because memeing is so much more fun.

>>7559250
WHERE DO I BUY THIS?

>> No.7559400

>>7559238
>>7559306

Because /biz/ isn't a fucking hot chicks/ porn board, man. It's getting really old. There are so many other boards to post that kind of shit.

Not everyone wants to look at porn all fucking day.

>> No.7559423

>>7559389
>WHERE DO I BUY THIS?

There was an Etsy link posted awhile back. I can try to dig it up. I just got them, and they're beautiful :-o

>> No.7559450
File: 1.95 MB, 1968x3264, 1517147902540.jpg [View same] [iqdb] [saucenao] [google]
7559450

>>7559400
>>7559400
you're a newfag, and a literal homosexual
thots have been a staple of /biz/ for years
if you cant handle that, I would suggest reddit would be more to your liking

in general, how does chainlink compare to competitors?

>> No.7559455
File: 67 KB, 944x518, 3F828D5E-F74C-4991-8312-5C197A4C4B2F.jpg [View same] [iqdb] [saucenao] [google]
7559455

>>7559315
Who the fuck made that thread

>> No.7559536

>>7559450
>you're a newfag

You're fucking retarded. I'm about as oldfag as they come. Thots, I guess -- but there's straight up porn posted here way too often. It just gets old.

>in general, how does chainlink compare to competitors?

This is a good question -- I genuinely haven't found a true competitor to LINK. Mobius claims to be one, but it's mostly a meme from my understanding. Mobius is not blockchain agnostic like LINK is and doesn't have the kinds of background goings on that LINK does.

>> No.7559605
File: 382 KB, 830x983, 1517306228806.png [View same] [iqdb] [saucenao] [google]
7559605

>>7559536
>Mobius claims to be one, but it's mostly a meme from my understanding.
A pajeet meme, that is.

>> No.7559618

>>7559315
meme magic

>> No.7559623

LINK was nice for some good short term gains but its done now. Sold it for REQ and NIMFA

>> No.7559880
File: 47 KB, 598x714, 1518052703042.jpg [View same] [iqdb] [saucenao] [google]
7559880

>>7559315
deluded linkie here. Even I admit we've already gone too far. Now let's see how much deeper we can go and where it takes us.

>> No.7559993

>>7559880
Slow and steady we become a plague for the whole site.