/biz/ - Business & Finance

>>18917453

>>18257922
whitepaper isn't too hard to read, oracle nodes compete through PoW for the right to post data on chain, hashes are found every 10 minutes but can be disputed, reward is given to the first 5 nodes to find the correct hash, if observers think the response is wrong then then can enter into subjective dispute resolution (schelling point), which is what augur and kleros do, the correct value is taken to be the majority voted for value (or within 1 quartile of the median), nodes in that interval get returns and nodes outside of that interval get slashed

so it's PoW that ticks every 10 minutes to post data on chain and schelling point as a safety net, imo the level of security it offers is pointless especially since it forces data consumers to sacrifice a hilarious amount of time efficiency, im not very good at coming up with examples though so maybe there is a usecase that nails this level of security and latency, but im damn sure it's not asset price data in volatile markets like crypto LOL

it will still probably do a 10x because of it's backing (binance and others), it's a (in theory) kyc-less decentralized oracle, and trustless in the way that bitcoin or PoS are trustless, economic incentives cause users to believe that validators of the system (miners/stakers) won't act maliciously or neglectfully, unless PoW can scale on chain then this thing won't win in the long run though

>>17053160
>bearish volume divergence
>bearish rsi divergence
>rising wedge
LINKUSD doesn't look good, and this combination (over 5 weeks the first time, over 2 weeks this time) preceded the dump from $3.16 to $1.60, target is $1.80, stoploss at $3.00

ngmi if you aren't buying this bullish M harmonic