/biz/ - Business & Finance

>>18670889
Why do linkers try to make it seem like this is bullish?

Open Oracle is literally a COMPETING standard. And Coinbase chose it instead.

The fact that Chainlink can also use this standard is irrelevant. Anyone can use the standard. The point is no one will be using Chainlink anymore, they'll be using Open Oracle, cause it's superior.

>Chainlink benefits from both.
No, Chainlink does not benefit because there's no need to use both Open Oracle and Chainlink together. You could if you wanted, but no one will. You don't need 2 oracle networks that do the same thing.
>Coinbase is literally just a signed API price feed that will be used by Chainlink
No, it is a signed API that follows the competing oracle network standard Open Oracle. They purposefully did NOT use Chainlink's standard, but a competing, better, free, tokenless, KYCless one.
>Open Oracle is an oracle standard that makes different systems compatible with each other
It's a oracle network standard that does exactly what Chainlink does (medianizing multiple oracles), but for free, and without token/KYC.

By definition, a standard can be used by anyone, so of course Sergey will lie and say "it's no big deal, we will use it". But there is no need to use 2 standards. People will simply do like Coinbase did, and adopt Open Oracle only instead of Chainlink.