/biz/ - Business & Finance

"Smart contracts are an extremely idealist vision. This is the kinda shit you think about in magical tech utopias. Never mind them being very vulnerable (the DAO), they’re a meme. Decentralized oracles are an even bigger meme and in order for them to even work properly they would generate close to no money. That’s if you can ever truly make a tamper proof, reliable network of truly decentralized oracles free of all bad actors. Most of the data sources in the used examples are from singular sources anyway. What the fuck is the point in a massive network verifying the integrity of the same one source, like the weather station that reports the humidity level in Uttar Pradesh? You don’t seem to be aware that enterprise API aggregation services have existed for years. Just like Chainlink, if their data fucks with you, they lose your custom and go broke. These systems are up and running right now.

Chainlink is truly a solution looking for a problem."

-some anon today on ChainLink

possibly the truest words ever spoken about the token