[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 4 KB, 618x27, Scam.png [View same] [iqdb] [saucenao] [google]
10471820 No.10471820 [Reply] [Original]

https://www.reddit.com/r/LINKTrader/comments/92qcws/status_update_on_node_reputationaggregation_system/

What the hell is going on? The price surges 30% on the very day the team admitted that they haven't even started on the reputation system.
Just a reminder, 1) without a working reputation system Chainlink is not better than oraclize
and 2) setting said reputation system up in a way that doesn't get sybil attacked nonstop is very hard, maybe impossible.

This pump is the perfect opportunity to get rid of your bags and buy back in at $0.15 in a few months, when they will still be struggling with the most important feature of the Chainlink network.

>> No.10471839

The partnership with the Accord project is the largest and most important in crypto.

Also, the TA looks fuckin fabulous

>> No.10471860

>>10471820
They are launching the mainnet without reputation or aggregation and they had a partnership announcement. I'm pretty bearish on Link in general but if BTC doesn't go on a bull run it is staying in the 20 cent range at the lowest.

>> No.10471861

>>10471820
They cant even make a website without fifty typos. theyre disorganized as fuck.

>> No.10471881

"development" doesn't mean they have no idea what the fuck they're doing for it, which is what you're implying. they already have it all planned out, but haven't actually put it into code yet.

>> No.10471926

>>10471820
Shit, that's gonna take a long ass time. Pushed the whole fucking thing back by 6 months, fuck.

>> No.10471933

>>10471926
>hurr Link not good, damn

>> No.10471940

>>10471820
>What the hell is going on?
Nothing, go for a walk or something.

>> No.10471943

>>10471926
Makes you wonder what they did the whole last year and why they didn't use their $32 million funds to hire a couple more devs.

>> No.10471961

>>This pump is the perfect opportunity to get rid of your bags and buy back in at $0.15 in a few months, when they will still be struggling with the most important feature of the Chainlink network.

imagine being this retarded.

>> No.10471966

>>10471943
Ask Accord.

>> No.10471972

Fuck I knew it was a fucking meme
Every project has their gimmick that would push it to mass adoption but will never actually work but the team posts updates about to get price pumps
BTC - lightning
ETH - shafting
EOS - something that isn’t shit
IOTA - a working wallet
TRX - the next announcement
LINK - aggregation/reputation

>> No.10471975

>>10471926
2-3 years actually.

>> No.10471990

>>10471860
>They are launching the mainnet without reputation or aggregation
Which means that link (token) gets no use, as all use happens with private nodes. It's going to dump into hell.

>> No.10471996

>>10471975
Yes, as a professional PHP/CSS developer I can agree that they have indeed pushed the project back at least 15 years. In the mean time sergey will continue shoveling big macs into his face and die of a heart attack, thus losing 90% of the partnerships he had in the pipeline.
Well we had a nice run, /biz/bros, let's pack it up and market sell our linkies. You go first, brother.

t. Ranjeesh Kuthrapali

>> No.10472013

We'll be rich in 5 years. Be patient.

>> No.10472026

>>10471990
You are still paying nodes in Link with the knowledge that those things will exist. Try again.

>> No.10472032

>>10472013
because every feature has to be fully done for a crypto to moon.

>> No.10472056

>>10471972
>>10471975
>>10471990
>>10472013
You had plenty of time to accumulate, faggots.
Stay salty lmao.

>> No.10472058
File: 115 KB, 600x600, 1531674244412.jpg [View same] [iqdb] [saucenao] [google]
10472058

Everyone is thinking that it wil launch in September, but thats so fucking optimistic. unless the team have outsoruced a shit load of work in secret. the reputation system literally is waht makes link the 1000$ meme. i f they are just starting it then then it confirms we have a while to go, and we know they wont launch a half baked product because they have no reason to. Next year, or if they really get their act togethern November-December is feasible.

Also, when you look on the github and see their commits its impressive, but looking at exactly what hthey are trying to do with the reputation system and its a bit obvious that there is a lot fo work to be done, and anyone with ANY knowledge of C+and Linux custom script integrated GNU compilers knows it's a minimum 2-3 year AT BEST with a single coder, maybe less with more.

Link devs took the hard route of going for a SE Linux hardened kernel integration into their scripting tool - PRO TIP, since they are using it as part of the foundation for main-net, it is essential it is 100% complete, and with investors like Swift its not going to be fucking risked launching early.

Even Linus Torvalds (creator of Linux) took 2 years to compile a similar scripting tool.

>> No.10472062

>>10471820
Try actually reading the response by vornth in your Reddit link.
The reputation system is fully worked out, but the underlying framework has to be finished before it can simply be transposed into the protocol.

>> No.10472089

>>10472058
>imagine being so salty you have to sit down and actually write this load of bs

>> No.10472101
File: 4 KB, 200x252, 1532789885873.jpg [View same] [iqdb] [saucenao] [google]
10472101

>>10472062

exactly. and that isn't a simple task at all, its a huge deal for two people. if they get more devs it wil just confuse it, very delicate operation. more devs will likely not understand how these two are coding together in flow and understand.

we're looking at a good few months, September was optimistic till i realised this.

>> No.10472108

>>10472062
>the reputation system is fully worked out
Nope. He said this:
>That description will be added to the protocol information page when it's more concrete,
>when it’s more concrete
They only have a vague idea now. The description could be “Big Macs” for all we fucking know at this point.

>> No.10472113

>>10472089
then fucking refute it then. yes 3 years is an exaggeration, Linus was making his for the first time and all on his own, there are resources now and it's a two man team but its not gonna be fucking compiled and integrated in one more fucking month. november is a good window if they keep this pace up

>> No.10472119

>>10472101
Holy fuck the mental gymnastics in here are unbelievable. Get real dude

>> No.10472130

>>10472101
>its a huge deal for two people
Update your fud folder grampa boomer.

>>10472108
>when it’s more concrete
That applies to the protocol information page.
Here's what he actually said about the reputation system: "We have internal documentation describing the reputation system."

>>10472113
>refute it
You need to eat shit.

>> No.10472156

>>10472130
i bet 1k link it wont be ready by September, will even write the smart contract.

conditional clause will be if Link ECR20 token value on Ethscan reaches over 1.5 dollar

>> No.10472161

>>10472058

they already have documentation describing how the reputation contract will work. it's just a matter of writing the code- it's not as if they'll have to figure out how it will function from the ground up.

>> No.10472162

>>10472156
>i bet 1k link it wont be ready by September
As if that matters, newfag.

>> No.10472171

>>10472056
This anon get is. The FUD at this point is beyond even pajeet tier

>> No.10472175

>>10471820
>MUH SYBIL ATTACK
funny how one person mentions it and all the brainlets start to parrot the phrase over and over again.

>> No.10472179

>>10472130
>That applies to the protocol information page
Kek you are fucking retarded, what do you think is more important to work on, the reputation system docs or a bunch of formatting shit on a github page? Which do you think it takes more time?

>> No.10472181

>>10472162
thats what everyone trying to make newlinkers fomo is spouting. its not fair on them. we got in cheap, they can to, no need to lie to them.

i then settle this, we are arguing over nothing, noone seems to believe it will be ready before november then why we arguing?

>> No.10472190
File: 148 KB, 1280x720, linkmoon2.jpg [View same] [iqdb] [saucenao] [google]
10472190

>>10471820

>> No.10472211

>>10472181
>thats what everyone trying to make newlinkers fomo is spouting
You're retarded.
This recent pump is because Accord/IBM said they'll be using Chainlink.
Not because Chainlink said they're close to completion.

Because guess what, trenchbrain, "our product is complete" means absolutely dick when nobody's going to use it.

>> No.10472222

>>10471839
partnerships without a fully finished product don't mean shit
look at RLC partnership with intel, lmao

>> No.10472230

>>10472179
I'm telling you what he's saying.

He's saying the reputation system is fully worked out, but they need to finish the basics in order before they can attach the reputation system to it.

>> No.10472243

I am a professional Visual BASIC programmer and the reputation system could be put together within a week.

>> No.10472258

>>10472026
you ain't gonna use any nodes besides your own if there is no reputation/aggregation. Unless you want to pay in LINK to yourself.

>> No.10472266

>>10472211

i didnt imply it was because the shilling, but people are shilling and using "mainnet September buy now or kill yourself" are trying to make people fomo in.

Also "close to completion". most people who dont work in tech will think that has any meaning. ask anyone, that last 10% of the work can take as long as the first 50% in most cases. its not to be taken as an indication of time. ever.

>> No.10472270

>>10472222
>partnerships without a fully finished product don't mean shit
Yeah, no way the price of something will pump when major partners come out before the product is finished, right?

lmao, imagine being this fucking retarded.

>look at RLC partnership with intel, lmao
They don't have a partnership, they're just using SGX.

>> No.10472286

>>10472266
If there aren't any partnerships, mainnet release would cause a dump.
The ONLY reason people are excited about Chainlink's mainnet, is because Chainlink (being so allergic to hype) has made it very clear that partnerships would only become known at or close to the release of mainnet.

This is common knowledge, newfren.

>> No.10472296

Holy shit it's true. LOL at people thinking mainnet by September

>> No.10472598

>>10471881
Yeah this desu. You can invest in my company, I wrote a program that cures prostate cancer. Well, I didn't code it yet but it's planned to work perfectly so it's a done deal pretty much.

>> No.10472918

>>10471996
What the fuck is a CSS developer

>> No.10472935

I don't see biz being so hard on any of the other alts in the top 10. None of them have a working product either.

>> No.10473336

>>10472935
Fixation issues.