/biz/ - Business & Finance

>>21530776
Sergey unironically wrote this post. IYKYK

>>18671796
This is probably the best summary and counter-fud of the current state of link. They couldn't just open up staking to NEET nodes from day one.

>>16101207
>reading archives instead of asking to be spoonfed like a massive faggot is pajeetery
low IQ shitskin detected

>>15542122
And
>inb4 x tech giant will just come along and build their own decentralized oracle

Building a truly decentralized network takes A LOT of time, regardless of the resources you have at hand. Pic related sums it up very well.
Facebook didn't build their own browser, internet, etc. Why would they build their own oracle for Libra?

>>15462012
>there will be more advanced options than link
No.

>>15182176
>muh not decentralized
>>15182180
>doesn't know about derivatives

>>14906293
Pic related.

It will change the way business is done and how trust is thought of. Smart contracts will be one of the first trustless, automated ways of doing things that will be granted general acceptance in the business world.

if you actually care, pic related explains it all

KYC is necessary in the early stages, it's the best way to traverse the sybil problem that any young network has
decentralization comes after this traversal

>>14770384
They HAD to start the network very centralised with only a few trusted nodes. See pic related

>>14763934
pic related is just a little warmup
there's more in the archives if you *actually* care. town crier acquisition was massive in this regard.

and if you were actually in the recent sybil fud thread, OP was a literal schizo who posted 50+ times. take that as you will.

>>14756564

>>14746986
>much just some code

WRONG. You can't code your way to a secure, decentralized network. Read pic related. The value of link does not come from its code.

No matter how much money you have, you can't instantly replicate what link is doing. The industry standard meme was not a meme.

>>14667010