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8892767 No.8892767 [Reply] [Original]

prove me wrong

>> No.8892900
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8892900

>>8892767
Pro tip: you can't.

>> No.8892929

>>8892900
kek agrees

>> No.8892941
File: 9 KB, 300x199, 10.jpg [View same] [iqdb] [saucenao] [google]
8892941

>>8892767
>crypto is nothing
He is right...

The following bubbles have popped:

https://trends.google.com/trends/explore?date=all&q=bitcoin
https://trends.google.com/trends/explore?date=all&q=cryptocurrency
https://trends.google.com/trends/explore?date=all&q=blockchain
https://trends.google.com/trends/explore?date=all&q=coinbase
https://trends.google.com/trends/explore?date=all&q=bitfinex
https://trends.google.com/trends/explore?date=all&q=gdax
https://trends.google.com/trends/explore?date=all&q=ethereum
https://trends.google.com/trends/explore?date=all&q=binance
https://trends.google.com/trends/explore?date=all&q=coin%20telegraph
https://trends.google.com/trends/explore?date=all&q=coindesk
https://trends.google.com/trends/explore?date=all&q=ico

>> No.8892942
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8892942

>>8892900
Checked

It's true, op's post is infallible

>> No.8892958

>>8892767
can you explain exactly what an "oracle" does? in simple layman terms

>> No.8892969

Mobi will prevail. sorry big mac philosopher, pajeets from stanford will eat your lunch

>> No.8893114

>>8892767
link 1000$eoy

>> No.8893136
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8893136

>>8892958
Oracles in mythology were the connection between the people (real) and deities (metaphysical).

Oracles for smart contracts are the link between real world events and on chain software instructions.

Hook this bitch up to SAP and automate your business, triple entry accounting, auditing, financial settlements, logistics management, community driven securities, etc. This and much more with the benefits of a tamper proof chain.

LINK will crush most of the current shitcoins. Only those that use LINK will survive.

>> No.8893153

>>8893136
why couldnt you just do this with ethereum? you dont need a token for it

>> No.8893178

Basic Attention Token or some other crypto with it's own platform (Like Brave browser is) that forms a symbiotic economy with, "could" work by itself. However still would be severely limited in what it could do, Brendan Eich said in an AMA he hopes that Brave ads could consist of the online ad for say an auto dealership, followed by an offer of a test drive, if the user takes and completes the test drive they can receive more BAT payment than they would otherwise. Would need decentralized Oracles for the test drive, but not the initial ad.

>> No.8893225

>>8893153
eth doesn't have a native oracle that could bring external api's onto the blockchain in a decentralized way

>> No.8893239

>>8892767
Link has never been past 2 dollars. I don't see how you dilusional linkies expect $1000 EOY for a team of 2 autistic neet virgins who have no marketing, and only go to small conferences as an excuse to travel around the world and visit different Mcdonalds.

>> No.8893241
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8893241

>>8893153
ETH isn't meant to interact with off chain resources on its own. LINK is an ERC644 token which is meant to protect contract balances from malicious attacks and software errors. It's modular and upgradable over time, able to carry multiple types of information.
Link will also offer a standardized approach to accessing offchain data, which will allow for easier implementation going forward: think of it as a library to hook into any API available.
Decentralised concensus allows to defer any faulty inputs onto API providers, which have insurance, notaries and a legal framework to deal with potentially inaccurate information settling contracts. It's just a natural step forward to decentralisation.
Atleast that's my take on it, do watch Sergays talks though, offers great insight into 'why'

>> No.8893366
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8893366

So obviously going node is going to set those that know how to node up for life, but what about us peasants and retards that simply hold Link?

>> No.8893401

>>8893366
https://linkpool.io/

>> No.8893405
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8893405

>>8893366
If you hold long enough there will emerge services that rent utility tokens off you.

>> No.8893423

>>8893241
i guess thats really ambitious but it doesnt seem like its needed now or in the near future. cant even get basic crypto currency right currently

>> No.8893456

>>8893423
nice bait

>> No.8893519

>>8893366
Is 15k gonna be enough to run a node?

>> No.8893576

>>8893405
that is some foresight

>> No.8893617

>>8893423
Nice bait

>> No.8893624
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8893624

>prove me wrong
no can do

>> No.8893640

>>8893239
it’s a meme. nobody believes this

>> No.8893657
File: 61 KB, 1112x698, HULUN KURISTAST SORMEA.png [View same] [iqdb] [saucenao] [google]
8893657

>>8893640
yeah sure, no one, just short LINK when it gets to 500 bucks, you will make a killing

>> No.8893668
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8893668

>>8892767
can’t. through decentralized oracles a global autonomous hive mind of consensus on the real world will be self organize out of the chaos of the meme world.

>> No.8893744

>>8892767
I've got two simple ways to prove you wrong, and why everyone here is fucking retarded:

1. No one uses link right now, but people use Bitcoin.
2. Oracles are needed. Decentralized oracles aren't.

Prove ME wrong

>> No.8893775
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8893775

>>8893744

>> No.8893805

>>8893239
For LINKlets to do well the "first selloff" meme must be true. By this I mean if BTC bullruns an order of magnitude higher (say to 200,000) in the next 12-24 months, then, and only then, will LINK have been worth the hold. But even in such circumstance I think we're looking at $30-100 LINK; $1000 is literally never going to happen unless USD hyperinflation sets in.

>> No.8893873

>>8893775
R A R E S E R G E Y
A
R
E

S
E
R
G
E
Y

>> No.8893907
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8893907

>>8893888
what did kek mean by this

>> No.8894210

>>8893241

Perfect fucking answer. It's about seperation of concerns. Same reason we need Maker for issuing Stablecoins, 0x for powering DEX, REQ for easy invoicing and getting fiat onto the chain, DGD for having assets like Gold available to back DAI, Loom for dedicated sidechains etc. And Link to make it ALL talk to the world off the chain - it's the gatekeeper.

The whole ecosystem is just coming together perfectly this year, ready for a bullrun like you've never seen in 2019 onwards. The network effect of having an entire ecosystem of interlocking smart contracts running on a single platform (Ethereum) and communicating in real time with conventional web services (Link) is just off the charts.

>> No.8894473

We all know that blockchains will never be used for anything except for ponzi scheme coins.

Smart contracts will never become really significant like "cryptocurrencies" also never experienced adoption in 10 years.

>> No.8894485

>>8892941
shit tier fud
https://trends.google.com/trends/explore?date=all&q=smart%20contracts

>> No.8895494

why do LINK memes always look like they're made by drooling potatoes?

>> No.8895526

>>8892767
Sergey is a hack, seen him speak in person. These clowns (rory and sergey) are way out of their league. Chainlink will never materialize.

>> No.8895563

>>8892767
if two parties are involved in a smart contract transaction they can both check the source of offchain data to ensure the person on the other side of the smart contract isn't telling them something untruthful.

the only thing i can think chainlink would be useful for is transferring information between difference cryptocurrencies. and that would only be if cross chain cryptos like icon are unsuccessful.

prove me wrong.

>> No.8895566

>>8894485
>https://trends.google.com/trends/explore?date=all&q=smart%20contracts
Holy shit, to think that all those who search smartcontract will be directed to
smartcontract.com

>> No.8895596

>>8895563
Well, what if the two parties do not agree?
What if one party claims the data is correct and the other says it's false?

>> No.8895615

>>8895596
then that means one person doesn't want to the smart contract to execute. meaning they no longer want to go ahead with the contract. should people be allowed to change their minds about wanting to go through with a deal? im not sure.

>> No.8895627

and "decentralized oracles" are nothing when the data is only fetched from a single source, without a market.

>> No.8895650

>>8895615
What if a smart contract did go through, but with false data, which resulted one party to lose money? Then one party would have to sue the other party.
The key to smart contracts is trust-less. When the data is as secure as possible and you don't have to place trust in any of the parties, companies can save a lot of money from hiring staff and lawyers.

>> No.8895662

>>8895650
both parties would be checking the source of off chain data to ensure the other person isn't lying. only when both parties agree that what they are seeing is the same as what the other person is saying will it execute

>> No.8895683

>>8893519
0 is enough.
Read the caucasianpaper

>> No.8895687

>>8893401
Linkpool release their white paper today or tomorrow.

>> No.8895695

>>8892767
>>8888888

>> No.8895701

>>8895662
When a contract requires people constantly checking on it, it isn't so "smart" isn't it?
That's why so many companies have a hard on for smart contracts today. That's the whole point of Ethereum and Chainlink.

>> No.8895711

>>8895701
they wouldn't be physically checking it. it would be done through a centralized oracle

>> No.8895756

>>8895711
How is a centralized oracle supposed to check the correctness of its own data? It can't.

>> No.8895791

>>8893907
Why do you need telephone when telegraph delivers all the information the town needs ? Who will call you, the president ?
You still haven't figure yet that progress is not about satisfying old needs, but developing new ones.

>> No.8895968

Easy: crypto can already be used as of today to store and transfer value, prove identity andnwrite small programming applications in a decentralized and trustless manner. By definition, this is more than nothing.

>> No.8896988

>>8893241
>LINK is an ERC644
It's an ERC20 token with additional ERC667 abilities which were introduced by Steve Ellis

>> No.8897006

>>8893744
decentralized oracles are vastly more valuable than centralized ones though. Also people use ETH and currently use centralized oracles but they are not ideal

>> No.8897031

>>8893775
i can listen to this in sergeys voice.
whats wrong with me.

>> No.8897054

>>8895756
it can prove that the data hasn't been tampered with through TLS Notary which allows a 3rd party to audit each API request.

altho it involves storing a fuck ton of data and you'd have to request access to all the data dumps in the centralised service.

so, you can but it's shit.

>> No.8897064
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8897064

Segey: https://www.liveleak.com/view?t=kQ9EQ_1523515425

>> No.8897132

>>8897054
you don't need tamper protection when you could just have both parties request a plain unenencrypted ascii file from the source website and have them both check that the other person isn't lying.

>> No.8897189
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8897189

>>8893153
Link is blockchain agnostic, meaning that it doesnt care what blockchain will be used for any transaction. If you only make it for ETH then only eth would be usable therefore rendering the whole point void. Chainlink is the new tech that cometh from the heavens. It will open flood gates from the corporation world to the blockchain world. Blessed are the linkies for they are truly tested

>> No.8897208

>>8897132
no cause then you could provide the same file and then still tamper with the data.

you could also hack one of the parties with a man in the middle technique to then alter that ASCII file to make them like.

>> No.8897228

>>8897208
if the source is compromised then you're fucked regardless then

>> No.8897252

>>8897228
that's not what I meant

unencrypted files means unencrypted transmission which means prone to man in the middle.

you don't need to do any of that shit anyway as you can just use checksums or TLS 1.2 like everyone else does.

I don't think youre getting what I'm saying.

>> No.8897288

>>8897252
so if all the data has to be stored at a central location for auditing and encryption then who is going to pay them to do it?
does oracalize do it for free?

>> No.8897335

>>8897288
Oraclize do it yeah, they store it all on AWS.

Chainlink doesn't need to do that.

>> No.8897355

>>8897335
can't men in the middle still affect data being received by all link node operators? perhaps oraalize is safer

>> No.8897397

Oracles are what keeps you awake at night.

>> No.8897419

>>8897355
no cause then all the web would be vulnerable, that's what https is for.

LINK doesn't need use TLS Notary like Oraclize because all the nodes agree between them, whereas Oraclize have to store their data to prove they were right.

>> No.8897426

>>8893423
Nice bait

>> No.8897572
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8897572

>>8893239
>visit different mcdonalds
kek

>> No.8897799
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8897799

Altcoins...

>> No.8898314

>>8892767
You see this is what I do not understand. If this was the case..link would be much higher in price, no?

>> No.8898355

>>8893405
Elaborate on this. Sounds interesting

>> No.8899359

>>8893239
keked

>> No.8899383

Augur and Gnosis > Chainlink

>> No.8899539

>>8899383
Mobius > Augur and Gnosis > Chainlink

>> No.8900087

What if there is an oracle force. Take oaths to uphold the truth. If found out to be criminal and lie about information they get tortured for the rest of their life.

>> No.8900556

>>8895566
>https://trends.google.com/trends/explore?date=all&q=smart%20contracts
What the hell is with all the interest coming from South Africa?

>> No.8900569

>decentralized oracles

It's a meme and you fell for it

>> No.8900572

Decentralized oracles are important, but chainlink has too many competitors right now, there's just no chance it can become the leader. >>8900460

So yes, OP is right. we need decentralized oracles. but not chainlink