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/biz/ - Business & Finance


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File: 271 KB, 768x768, LINK_773.jpg [View same] [iqdb] [saucenao] [google]
11811947 No.11811947 [Reply] [Original]

Now that I have your attention, let's get to the point:

I figure I share this info with you to make it easy for even brainlets on 4chan to comprehend why Chainlink is such a big deal and will continue to capture the attention and mindshare of the leading academics and blockchain/AI developers (and with that an emergent ecosystem fueled by VC $$$):

The core value proposition of Chainlink can be summarized with a single word: Synergy.

Each project in the list above becomes a multiplier on the existing value of our system, resulting in exponential, rather than linear gains, for every new project that integrates with the others. Similarly every time any one of the above mentioned projects gains a new user or somehow grows in size, it ripples through the list and positively effects every other project in one way or another. Another huge advantage is that all of the integrations and synergies listed above require zero direct interaction or collaboration between the projects - it just emerges by itself due to the open source nature and streamlined standards of Ethereum. Of course in most cases there is still direct collaboration between the projects in this early stage of the ecosystem, but it's still important to note that this isn't a requirement - this will become a huge advantage once the network starts to really scale.

The result of this inherent synergy is an unbeatable network effect in accordance with Metcalfe's law. Every time a VC or a banker asks me which blockchains are interesting to look at in the industry, I tell them the same thing: Chainlink has already won. It has reached critical mass and become what can best be described as an unstoppable, ever growing snowball.

Chainlink seems to be undergoing a "cosmetic" makeover from its earlier memetic days (THINK BTC B4 DA AUDIENCE). We've evolved from 4CHAN "pepe/sergey/dot-connections/memes/1KEOYFUD" to being shilled by the elite media publications such as NASDAQ, FORBES, and MIT TECH REVIEW.

>> No.11812033
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11812033

>> No.11812039
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11812039

>>11811947
based

>> No.11812068

>>11811947
can't wait till buzzfeed starts telling people that buying chainlink is funding right wing death squads (and that's a bad thing!)

>> No.11812081
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11812081

LINK 460$ EOY

>> No.11812088

Link will undergo mass adoption mainly behind the scenes but truly the recent posts from nasdaq, CNBC, MIT etc are just the beginning. We were literal whos last year at this time and now we are gaining steam. Link is truly unstoppable at this point.

>> No.11812102

>>11811947

The question is how can we survive this retarded has war. Even if that ends, it could happen again.

For Link to truly thrive we need to throw off the chains of crypto. Delist Link from every crypto exchange and just have a dedicated fiat on/off ramp for Link.

Being related to crypto is now hurting Link's image.

>> No.11812105

>>11812081
more like EOM

>> No.11812117

>>11811947
Also if anyone experienced 777 this past week please share your experience. Seems like many have seen the digits IRL. Something is brewing.

>> No.11812120

Absolutely based. This network effect is going to be monstrous. This is the Internet for the connection between all systems, both of the legacy world and the new dlt tech world.

Also, the security aspect along is on par with the connectivity feature, which is beyond huge. You are talking about the most secure encryption in the world for both computation and communication between systems.

If you aren't taking the time to purge your shitcoin and get in, I don't know what else I can tell you

>> No.11812122

love it OP. keep at it

>> No.11812130

>>11811947
I am scared about LINK tokens.
I believe that the project will get used by many companies in the future, but what if the token never goes up?

>> No.11812139
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11812139

comfy

>> No.11812147
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11812147

>>11812068
It unironically will be tho.

>> No.11812151

>>11812088
>We were literal whos last year at this time and now we are gaining steam.

No we have lost steam. People forget we showed at SIBOS on the main stage and 6 banks participated in the Chainlink proof of concept.

Someone posted the google searches for Chainlink history and they were way higher last year than they are currently.

>> No.11812155

>>11812130
Most retarded fud. Literally and can't work without the token because only the token and transfer and call functionality to get data in and out of the contract

>> No.11812166

>>11811947
That's fucking rad OP, you took my image I originally posted and made it into a link meme.
That makes me unreasonably happy.
Have a bump

>> No.11812185

>>11812102
Fucking this

>> No.11812193
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11812193

yeeeeeet

>> No.11812212

>>11811947
buy my bags as I'm trying to leave the markets at a 90% loss: The Thread.

>> No.11812226

>>11812102
That's only the case now pre-mainnet. We will decouple because mainnet is very soon. With mainnet and company adoption, comes fiat pairings. It's closer than you think.

>> No.11812238
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11812238

its your last chance nolinkers you dont have much time left

>> No.11812256

ah, down 12% so this is the cutting edge new tech you're talking about for a whole year. This is where you spend your time. It's at 40% the price it was in january. Nice guys. Productive year you had there in the 4th industrial revolution. Honestly i would be surprised if it isn't 3$ by may

>> No.11812298

>>11812151
Fuck hype dude, only shitcoins are concerned with hype

>> No.11812308
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11812308

>>11811947

>> No.11812319

>>11812185

>crypto is decentralized guys it's so good
>it's a store of value and no inflation so it just goes up
>someone has a minor disagreement over some obscure tech issue
>early adopter forks and dumps the entire market to fund his own chain

Decentralized my ass. If one fag can dump the price so much I'd rather hold some inflationary fiat. Fucking christ. USD has literally beat Bitcoin for less inflation this year terms of how worthless each are getting.

I know Link is decentralized too and it's a good thing, but I am so sick of the crypto wide jacking off over decentralization when one faggot like CSW can dump the entire crypto ecosystem into oblivion.

>dumps his BTC to fund his bcash fork
>BTC goes down massively which makes all the alts priced in sats go down massively as well

It's all centralized. Just wait until 2020 or whenever it is when Satoshi's coins get unlocked. Link needs to not only completely decouple, but just fucking remove itself from this cancerous crypto space before then or we lose our gains overnight the next time someone hurts CSW's fragile little ego.

Just because Chainlink and Smartcontracts use a blockchain doesn't mean we have to be a part of the crypto ecosystem. We want to be a part of the smart contracts ecosystem and we just use a blockchain as backend tech.

>> No.11812351

>>11812298

I agree, and we should be anti hype with Link, hype is associated with crypto scams. People trying to hype Link annoy me so I wanted to prove him wrong.

Link will go up without hype anyways, just from mainnet usage.

>> No.11812403

>>11812226
What happens to all of us who hold link/eth link/btc If and when CL drops crypto and uses fiat pairings? Will it be a smooth transition or de we lose all our coins?

>> No.11812421

>>11812117
I just saw bitcoin at $4,777

>> No.11812433

>>11812120
I started watching Narcos: Mexico last night and I thought the same thing. Once the cartel is formed, competition has to bite the big burrito. Looking at you Witnet kook!

>> No.11812438
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11812438

>>11812308
Nice thumbnail brother.

>> No.11812459

>>11811947
Does this mean I'll make it even with my 1k LINK?

>> No.11812471
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11812471

>>11811947
Interesting way to put it, I'm all in LINK and I endorse these messages.

>> No.11812474

>>11812403

Just move your Link off Binance and stake it in your node, if you want to sell some of your node profits, just move it to wherever the team has the fiat on/off ramp. Dunno if it will be some boomer exchange like NASDAQ or if they will create their own little Link store for people using smartcontracts.

>> No.11812479

>>11811947
None of these price moves mean jackshit until mainnet comes up and Link starts to function. At that point nobody will give a shit what BTC does. Link will save the future of Eth.

>> No.11812507

>>11812403

This is a serious concern, if LINK is priced through bitcoin/eth price towards USD or tether, then if everything falls down what value link tokens will be priced in again ?

>> No.11812544

You should probably rewrite this to exclude the word synergy. It took awhile to realize this wasn't fud.

>> No.11812585

>>11812544
Checked, Mainnet will save ETH

>> No.11812588

>>11812319

Well said anon. 100% this. Anyone know how much BTC CSW has left to dump? Need to track his stack, should give an idea of when he's running low on ammo.

>> No.11812602
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11812602

>>11812308

>> No.11812647
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11812647

Should I drop like $1000 into chainlink this week and see what happens?

>> No.11812652
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11812652

>>11812147
I said no water poison or fire! That is clearly poison!

>> No.11812671

it's pumping right now

what the fuck

>> No.11812702

>>11811947
I feel like one thing is a bit overlooked. Ofc link will be the connection to and from all legacy systems. But I also think link will transition into the main offchain computing bucket, secure and can be called from contracts. Example would be the NEX on NEO. They will run wallets etc on blockchain but matching offchain so that they can retain the matching engine speed of centralized exchanges. With LINK, this could be made completely secure by running the matching on chainlink nodes. So all in.

>> No.11812707

>>11811947
nice just bought 100k

>> No.11812725
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11812725

>>11811947

>> No.11812733

volume 777 btc

strap in boys

>> No.11812752
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11812752

>>11812725
hey damu, we reopened Delphi, got nearly 200 in would you care to join us? we'd love to have you.

>> No.11812799
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11812799

>>11812752
would you take a 40k linklet? i missed the last discord by 30min

>> No.11812841

>>11811947
you deserve to be paid for your quality comedy

>> No.11812843
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11812843

>>11812799
checkd and def fren
stack size is of no concern.
z2HgNE
>>11812725
link above if your interested

>> No.11812904
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11812904

>>11812652
Shut up knife ears I'm here to remove goblin.

>> No.11812942

>>11812843

What do you guys even do that's worth joining over? I uninstalled discord a few weeks ago from not using it.

Why should I reinstall to join a Link discord group?

>> No.11812944

>>11812474
Well I guess I’m screwed because I don’t run a node and don’t plan to, maybe a wallet would work

>> No.11812972

>>11812944

Just put it on MEW with metamask.

Just because it will hopefully be delisted from Binance doesn't mean the Link tokens will be deleted. Just move them to the on/off ramp site that the team opens once mainnet is out.

>> No.11812987
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11812987

>>11812117

>> No.11812993

>>11811947
Ignored, hopefully I die soon

>> No.11813015
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11813015

>>11812942
gonna have to find out for yourself fren, im not a spoon feeder or an arm twister.

>> No.11813147

>>11812972
Alright, thanks for the help

>> No.11813152

>>11811947
>>11812033

Why does he put the Delphi logo in the memes?
I get the connection, oracle/delphi, but genuinely curious.

>> No.11813160

>>11812319
this. these bitcoin boomers have irreparably destroyed crypto with their bullshit. I'm still holding LINK because I hope/believe there will be fiat onramps soon and it can decouple but I would never touch btc, eth, or any of their dozens of forks again. what a fucking joke.

>> No.11813180

At least link threads are always comfy

>> No.11813209

>>11813180
LINK threads are literally the only comfy threads anymore

>> No.11813232

>>11811947
>shilled by the elite media publications such as NASDAQ, FORBES, and MIT TECH REVIEW.

brainlet detected

>> No.11813240

>>11813160
I also dream for the day that btc has no bearing on every other promising project.

AMZN price doesn't fluctuate with shifts in gold price, why should every crypto project be beholden to a chinese manipulated dinosaur coin

>> No.11813256

>>11812942
book club is pretty interesting

>> No.11813264

>WE ARE DELPHI
>WE ARE STINKY
>WE DO NOT BUY
>WE DO NOT SELL
>EXPECT US

>> No.11813282

>>11812972
>on/off ramp site that the team opens once mainnet is out
Is this confirmed?

>> No.11813365

>>11813282

Not yet, just heavily rumored.

>>11813256

What books do you read?

>>11813160
>>11813240

This. Until we can decouple all alts from Bitcoin, the entire crypto exosystem is centralized. CSW proved that he can dump the price of Link, OMG, ETH, XMR, EOS fucking anything. He can dump the price of alts he doesn't even own, all he has to do is dump Bitcoin and the price is everything else goes down because it's all measured in sats.

I mean Link has lost 20 fucking cents in value and has barely had more than a few red candles on the LINK/BTC chart. Can't wait for this to happen again in a few days and scoop up more cheapies to take advantage of this, but once mainnet is out this shit needs to fuck off and stay fucked off.

Hopefully Link can be the thing to free the rest of the alt market from the chains of Bitcoin.

>> No.11813450

>>11812039
digital asset is fucking huge and the fact that LINK is essentially a partner with them just solidifies the absolute stability an investment in this vehicle is the ultimate choice for the avid thrill seeker.

>> No.11813472

Thanks for telling /biz/that Chainlink is an exciting project. We honestly had no idea.

>> No.11813502
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11813502

Chainlink is as fundamentally worthless as every other crypto. Probably more so because it was so late into the bubble that is now bursting.

Your post is full of "power words" but doesn't really say anything; and totally ignores the main flaw of all cryptos.... that when the big boys decide to adopt parts of blockchain, they can do it on their own and don't need any of the hundreds of bullshit cryptos we have now.

>> No.11813527

>>11813450

The funny thing is CSW said there is no such thing as a "digital asset" in his latest tweet trying to destroy all of crypto. Wonder if that was a jab at Link or just coincidence.

>> No.11813606

>>11813527
He will larp as sergey given more time.

>> No.11813630
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11813630

>>11812068

>> No.11813646
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11813646

>>11813264

>> No.11813680
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11813680

>> No.11813711

>>11813680

Smart contracts don't require a token. Chainlink is going to zero like the rest of the cryptos

>> No.11813774

>>11813502
The big boys can do it on their own by using an open source out-of-the-box solution. Far more efficient than developing your own.

>> No.11813784
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11813784

>>11813711
oofa, that one hurt to read

>> No.11813811

>>11813527
i believe he said there is so such thing qs an xrp community and told the twitter user who asked about xrp to "stop with the cult"

>> No.11813842

>>11813711
kek. busted. smart contracts were free this whole time you dipshits. give up. its ogre.

>> No.11813844

>>11813784

That's nothing compared to what it will feel like to read your account balance in a few years.

Every generation has their get rich quick schemes, and they always end the same way.

>> No.11813886

>>11813844
>solving the oracle problem and enabling smart contracts to advance society is a get rich quick scheme

you sound like an XRP or ENG bagholder

>> No.11813915

>>11813680
bless i got goose bumps reading this

>> No.11814042
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11814042

>>11813886

> This time it's going to be different.
> This time we're going to over turn the money changers table
> This time we're going to figure out a way to move the wealth from the rich to us.

Dream on

>> No.11814058

Two failed tasks in the pivotal tracker its officially over.

>> No.11814077

>>11814042
no one is saying any of those things so nice strawman arguments you fucking retard. as if it's been anything more than attaining personal wealth. There's only a few tens of thousands of people that could make money from this, you're strawmanning into fairtytale land.

You're a faggot.

>> No.11814084

>>11813502
Permissioned/private blockchains still require decentrialized oracles.

>> No.11814130

>>11814042
>This time we're going to figure out a way to move the wealth from the rich to us
this isn't a bitcoin thread you retarded faggot... chainlink and smart contracts only make banks and other industries more money by automating shit that has to be done manually now. we're not taking wealth from the rich, we're actually saving them billions/trillions of dollars and getting rich along the way.

>> No.11814147

>>11814084
*require is a strong word. but if you have the option between a centralized oracle and a decentralized oracle the choice is a no-brainer, especially for high value contracts.

>> No.11814165

>>11814147
If it saves money, meaning it saves more than it loses due to errors, then companies will use it.

>> No.11814167

>>11814077

Because there has never been a post on /biz/ saying "buy chainlink and you will be rich"

> like there haven't been 20 of those per day for the last year

>> No.11814193
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11814193

had to come back to say what OP wrote is the definiton of based and redpilled as of right now in this real time there is no greater definition of phrase currently than this. if i had to define based and redpilled to someone i would make them read this because it is single handidly the best definition of it possible as of right now in real time.

>> No.11814214
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11814214

>>11814193
>handidly

>> No.11814231

>>11814167
>a handful of get rich quick retards talking about LINK on an anonymous malaysian basket weaving forum means it is automatically a scam
wew lad

>> No.11814242

hey fellas, I have link in my bags and it seems promising.

With mainnet launch do I have to like exchange my link for new link tokens like TRX? thanks for help

>> No.11814295

>>11812308
WHAT IS THIS, AN INDUSTRIAL REVOLUTION FOR ANTS?

>> No.11814403

>>11812088
>Link is truly unstoppable at this point.
internet drug dealers and hookers don't use it

>> No.11814720

>>11812471
the girl opposite sergey should be the hit or miss girl

>> No.11814749

>>11812117
I have been consistently winning at poker with 777's the last month.

>> No.11814776

>>11812068
Thx. Got a boner and bought 100k

>> No.11814818
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11814818

thanks for telling me about LINK in 2018 /biz/

>> No.11814833
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11814833

>>11812193

>> No.11814884

>>11814077
Every time i see a person FUDing link i just assume they are faking it at this point.
There is nothing you can say to make me believe that (you) unironically refuse to invest in ChainLink Tokens.

You are a faggot.

>> No.11814928
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11814928

>>11814818

> Fake coin, fake car, fake profits, fake bragging.
another day in /biz/

>> No.11814939

>>11811947
OP literally didn't say a single truly insightful thing

>> No.11814973
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11814973

>>11814928
>post says in 2018 implying that the year has already ended
>post is also clearly intended to be a joke

imagine being unironically autistic and still fudding LINK

>> No.11814976

>>11813264
Kek

>> No.11814996

>>11814973
saying 2018 doesn't, in any way, imply that the year has already ended.

And once a few more suckers, excuse me.... "investors" get flushed out with their loses, there won't be enough pumpers to support this turd.

>> No.11815015

>>11814996
you are retarded

>> No.11815047

>>11812130

It a absolutely will go up with use.

Oracle's have to be paid in LINK. Companies are going to have to use fiat to buy more LINK.

In addition, most LINK will probably be locked in nodes.

>> No.11815064
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11815064

>>11815015

/biz/ is a lot like Saigon in 1975

> for years US tell locals "don't worry, we won't abandon you
> everything goes to shit
> as the last chopper takes off, the embassy is surrounded by people who still think they are going to be saved.

So let me make it simple for you...

... the party is over
... invest in chainlink, or any of the other cryptos, and you will lose your money.

The choice is yours.

>> No.11815078
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11815078

>>11814996

>> No.11815086

>>11815047

And why should their oracles be used? What's to stop someone with a lot of money and connections already in place (like any of the banks, or VISA), from just doing it themselves leaving you with nothing?

>> No.11815106

>>11815078

Not bait. But someone has to be the grown up in the room. Link is a pipe dream.

>> No.11815109

>>11811947

It doesn't matter.
As long as bitcoin keeps losing value, so will LINK.
Bitcoin will go to 2k.

>> No.11815127

>>11815086
Nothing, but their Network wouldn't be decentralized and thus nobody would use it or put anything of real value in it. Do you seriously not understand this still?

Plus Chainlink is working with SWIFT so the banks already have their Oracle solution covered

>> No.11815141

>>11815086

This isn't the question I was answering.

But anyway..it's simple. Without decentralized data smart contracts are useless garbage.

If you think crypto/decentralization will at all be apart of the future LINK will be involved.

If you don't..okay..well then LINK is going to die along with all the other crypto

>> No.11815155

>>11815109
This anon is right

WE NEED TO DECOUPLE ENTIRELY FROM BTC OR WE WILL BE BROUGHT DOWN TOO. How can we do this

>> No.11815161
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11815161

>>11812319
>>11811947
Based. Newbs learn fast or else kys once decoupling from "old" blockchain projects is reality and CL is the standard smart-contract base.

>> No.11815215

>>11815127
>>11815141

But a decentralized network/data (at least as envisioned by cryptos) is of no real value.

Let's talk banks... do you think a bank is going to trust some anonymous person on the other side of the world to verify their transactions? Even bank-to-bank transactions? Why would they, especially when they already have a system of verified trusted partners to do it.

And smart contracts... of what real value are they i the real world? I keep hearing (not here but on other sites) about smart contracts being used to do land transfers. But no one in their right mind would do a real estate transfer by smart contract.

So once you eliminate the big players, what do you have? If you're talking about something like vending machine use, most take credit cards now (which, by the way, is a perfectly good system to transfer money that allows for security and protection).

So someone, anyone... tell me exactly where the service/value in is smart contracts in general and chain link in particular? And specifically... give me some real world examples that aren't already being handled in other (probably better) ways.

>> No.11815242

>>11815086

Because banks aren't private enough for big enterprises, descentralization makes in the chainlink protocol makes it possible that nobody knows what you are doing but at the same time you can't falsify what you are doing

the protocol makes it impossible to create money from nothing so leaving it anonymous is safe because it's unhackable

that if intel sgx has no backdoor

the problem is if enterprises will end going with a middle ground or trustful environment (you need trust in who brings the service itself) like microsoft coco or oraclize or if they will go full trustless environment (no trust needed in the enterprise that brings the service because the protocol is safe enough) like chainlink

>> No.11815271

>But no one in their right mind would do a real estate transfer by smart contract.

>But no one in their right mind would do a real estate transfer using a computer, I only trust pen and paper.

You're thinking way too small

>> No.11815273

>>11815215

chainlink has a way to make it impossible to know what was going on on the smartcontract by protocol itself so any node is secure to transmit information, but it will require more tokens to use that procedure

you can set up your smart contract to be public and it will be cheaper, or you can set it with private information and nobody will be able to hack it (implying intel sgx is unhackable)

>> No.11815301

>>11812117
Yeah a Boeing 777 crashed into my university this week and all exams were deferred indefinitely, big things are coming

>> No.11815328

>>11815271
Our company is doing that right now. Expect tokenize real estate in Houston soon

>> No.11815338

>>11811947

>> No.11815374

>>11815328

Gosh, almost makes it worth it that link is down 17% today

>> No.11815380

>>11815215

No idea if you're a troll or retarded but I'll try to simplify this for you.

Let's say your life depends on the results of a football game.

Sure you could just Google the score and be done. But why not also check the score on NFL.com? Or maybe even bring.com? Just to make sure they're all saying the same thing?

Isn't that safer than just trusting Google.

This is all LINK does. You're paying a shit ton of random people to check all sites and make sure the scores are the same. If they lie they literally lose money, so why the fuck would they even lie?

>> No.11815401

>>11815374
Sadly we have to create an ECR20 though

>> No.11815542

>>11815380
What if a guy lies unintentionally

>> No.11815559

>>11815542
Then he’s penalized you fucktard

>> No.11815571

>>11815559
What if the majority of guys lie unintentionally

>> No.11815580

>>11815571
Whoever doesnt gets paid

>> No.11815596

>>11815580

What if the lie makes them more money?

>> No.11815600

>>11815086
If you’re being serious I literally pity you.

>> No.11815614

>>11815600

Don't pity me. My US dollars didn't drop 17% in value today

>> No.11815615

>>11815580
In the case of chainlink, what would happen if the majority of nodes report false data? Wouldn't the smart contract be malignant?

>> No.11815627

>>11815380
This is one of the dumbest comparisons you could have come up with and it really shows your understanding of the problem and the project's possible use cases. Please sell your link even if you just have a suicide insurance stack and filter out all link threads. And yes this is all just a useless scam which you can ignore - whatever you want to believe. Idc.

>> No.11815649

>>11815596
-_- you can aggregate data randomly. There might be 500 sites that offer redundant data. Hey guess what? If 12 people in the jury think you killed someone, you probably did. Regardless of your actions. This time it’s a pool + truth incentives.

>> No.11815669

>>11815615

Which becomes an interesting idea. What if all of the people verifying the data are using the same underlying source.

For example, in news you have AP and UPI. Once they put something out, you have hundreds of print and TV news stations reporting the story; but all of them are basing it off the same two sources. Whoever is in the position of primary source could make a fortune stepping on the scale.

>> No.11815686

>>11815374

Listen, dickweed: the product is not released, thus there is no value in LINK--yet. Once main net is functional, if LINK drops 17% in a day, then you'll have a point

>> No.11815695
File: 365 KB, 500x275, 1522453177686.gif [View same] [iqdb] [saucenao] [google]
11815695

i really wish i could get a discord linknthat works been a linker since post ico .18 days i bought the whole way down.

>> No.11815697

>>11815596
>>11815571
>>11815542
node operators don't own the data you fucking idiots...this is literally crypto 101 not exclusive to just link

>> No.11815700

>>11815669
Why would someone now report different information now? There’s zero point. At least if they set up their own sensors , they can report their own data, and profit. Stop being retarded dude

>> No.11815708

>>11815697
What if the source of the data is corrupt

>> No.11815720

>>11815700
Ask Richard Jewell

>> No.11815787

> Make smart contract asking if Oswald shot JFK
> I bet on yes
> data goes out to a bunch of random people for them to decide
> 95% say no.
> I lose money, even though I was right.

Vox populi

>> No.11815788

>>11815708
Then you don't do business with the provider????? That has literally nothing to do with this

>> No.11815792

>>11815697
that's the other issue. if you get incentivized in tokens for providing data you are reselling an API's data, which is illegal

>> No.11815807
File: 382 KB, 1856x887, 1527135321418.jpg [View same] [iqdb] [saucenao] [google]
11815807

>>11813630
The REAL real political spectrum

>> No.11815830

>>11815792
Sorry I shouldn't have used the term data

>> No.11815833

>>11812226
Name one currency that has decoupled from btc after mainnet. I’ll wait.

>> No.11815846

Microsoft coco and IBM blockchain are going to be the industry standards not chainlink

>> No.11815853

>>11815787

Do you even know how to code? your examples are retarded, your example actually invalidates banks and centralized institutions because they rely on humans and their opinions, meanwhile code is code and has no opinion whatsoever on anything

>> No.11815878

>>11815615
Yes, but if smart contracts are legally binding, then there exists an immutable record of what data was provided and where it came from on the the blockchain which could be used as evidence to make settlements to injured parties in a court of law.

While this would require appealing to a central legal authority, chainlink and blockchain make it much harder or at least as difficult (for lower cost) to be fraudulent than traditional value transfer and contractual systems.

Also, this assumes that the number of faulty nodes f is greater than n/3 (n being the number of chosen nodes). It seems pretty far fetched to me that among 300 randomly chosen nodes, there are 100 or more that are malicious or reporting false data. If this is happening consistently then the API providers are fraudulent and are legally bound to pay damages by a well written smart contract.

>> No.11815884

>>11815853

I was replying to this conception mentioned earlier. It is possible for everyone not to be "lying" but to still be inaccurate. That doesn't even talk about the dangers of coordinating attacks against the information sources.

>This is all LINK does. You're paying a shit ton of random people to check all sites and make sure the scores are the same. If they lie they literally lose money, so why the fuck would they even lie?

>> No.11815891

>1 post by this id

>> No.11815914

>>11815878

And hopefully, when you track down the anonymous party on the other end of your transaction, they haven't already moved the money through several different addresses and moved to Tahiti

And again, if you are talking about information, there will always be only a limited number of primary sources, even if you have 300 people accessing them

>> No.11815937

>>11815914
Parties need not be anonymous, and API providers certainly will not be.

>> No.11815949

>>11815328
Stewart Title?

>> No.11816404

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