/biz/ - Business & Finance

The projects were probably never going to collaborate in any way, doesn't mean that both tokens aren't great holds. Besides that dude isn't from the team he's just a random community admin giving his thoughts

>>12453709
They all say they have their own solution but none of them do. They literally just say that in their whitepapers. It’s actually a major red flag if a project claims they will have their own oracle. It either means they have no idea about the magnitude of the task or they’re just cynically stringing you along.

>>12453709
>I don't think about you at all

>>12453745
this.. decentralized oracle network will be king

when you ask them, the majority of the projects don't give a fuck about Chainlink.
No one cares about Chainlink, there are other reliable solutions that actually work. Chainlink it's only an oracle test net lol

>>12453770
>there are other reliable solutions that actually work
There are literally none

ive been hearing otherwise

Fuck yeah! Bitcoin killed the banks. Chainlink is the new FDIC !!!!

>>12453783
anyone have the screenshot of they guy who got up 5 times a night every night to check the oracles for the project were still up and running?

>>12453709
saying your project will have its own oracle is pretty much the same thing as saying your coin will have it's own hashing algo.

You just don't get what type of security trustless blockchains are gonna need if they ever take off. If this shit takes off people are going to be looking to steal everything they can get away with. Not even bitcoin has become big enough for nation state level attacks to its mining... forget about a token's in-house oracle "solution" standing up for more that 5 minutes if it ever saw real adoption.

>>12453783
You have for example MakerDao. They have their own reliabe oracle, and not need for another one.
Listen, I understand and I like the idea behind chainlink and oracles, but nowadays they are not so usefull like you all think. The majority of projects have their own solutions to this problem.

>>12453835
nolinkers are terrible people

>>12453863
I really would like that you, deluded biztards, answer me with solid arguments, and not with shit like "fud" "nolinker" "pajeet" or "boomer".

>>12453832
By this logic, won't chainlink be vulnerable to attacks as well?

>>12453835
Actually the oracles are the weak part of the MakerDAO system and iirc it's not even known who runs all of them. They're working on further decentralizing that aspect. Chainlink being voted in mentioned as a possibility recently.

>Diversification is another key pillar of a solid decentralized oracle. So a hypothetical scenario is that something like Chainlink was voted in to the Decentralized oracle with a weighting of e.g. 5. Over time decentralization will be pushed to the point of diminishing returns.
https://twitter.com/RuneKek/status/1079713089270964225

>>12453900
Dumb nolinking pajeet boomer

>>12453900
You don't deserve an answer. You deserve fat naked Sergey

>>12453907

No because it- the simple fact is that Chainlink- That's clearly a stupid question, because the oracles-

BECAUSE SERGEY'S BIG BOUNCY BELLY WILL FORM A PROTECTIVE COCOON AROUND THE CHAIN AND ANY HACKER ATTACKS WILL BOUNCE OFF FUCK YOU NOLINKER

>>12453900
https://medium.com/witnet/a-conversation-with-makerdaos-head-of-oracles-mariano-conti-9e5ea454a9b9

As someone in the thread mentioned, this interview with makerdao “head of oracles”, the guy reveals how nervous he is that the oracles are running properly. Eventually the solution to the “shit my oracles could break at any moment” problem will be to simply use chainlink as your solution. Everyone making their own solution is a quick hack to get a product working quickly, not a long term solution

>>12454114
He clearly said that he was nervous at a first stage, but now he has just solved this problem (the ORACLE problem. Jesus christ, you don't even know how to read.

>>12453709
>centralized API's
>"decentralized oracles"
>mainnet out
>chain link to $1
>no one use smart contracts
>node operators working for pennies risking their Links
>node operators start selling their links
>it's ogre
>price go to sub ICO levels

>>12453900
We've already discussed this shit to death for the last 18 months. Go away. No one wants you here.

>>12454153
> I still check the status of the oracles several times a day.

Sounds like a shitcoin speculator checking his Blockfolio every 5 minutes to see if he’s lost everything yet

>>12453835
>MakerDao
>literally not a decentralized oracle
>literally no one used it
stay in discord you faggots are literal niggers

>>12453816
kek waht. Someone bost it

>>12453745
Shows you little you actually know about oracles

>>12456055
>t. brainlet

>>12453709
>"everyone has their own solution!"
t. some faggot

>"decentralized oracles are probably a huge dependency of a lot of proposed designs and objects"
>"a lot of the consumer side of stuff probably depends on this kind of research"
t. Joseph Poon (ETH cofounder)
https://www.youtube.com/watch?v=vAUHmram7RU&feature=youtu.be&t=346
5:46

>>12453816
I got this lol.

>>12454154
>>centralized API's
>>"decentralized oracles"
Please tell us all about why you think this is a problem, lmao.

Just some shit being shilled heee . Business as usual . You fuckers are only Jews after penny profits losing houses and wives over this .

>>12456055
no u

Oracles are meant to be decentralized by nature.
See this write-up on oracles by Vitalik Buterin:
https://blog.ethereum.org/2014/07/22/ethereum-and-oracles/
>The [oracle] approach is still low-trust, as no single oracle has the ability to unilaterally withdraw the funds

>>12457483
Vitalik also said that 30M marketcap for oracle is too much, which i tend to agree. Link with a finished product shouldn't be valued this high (180M), let alone with barely anything other than whitepaper and half baked code, Rightnow, Link is the most overvalued coin in the market besides Tron and on par with Neo and Vechain.

>>12457536
>Vitalik also said that 30M marketcap for oracle is too much
30M is pocket change in the fintech start-up game.

Also, Vitalik had no qualms repping Khyber, which raised almost twice that and is just another DEX.

>>12457536
>Rightnow, Link is the most overvalued coin in the market besides Tron and on par with Neo and Vechain.
Decentralized oracles may very well result in peer-to-peer financial products like loans, insurance, ...
You have no idea what's going on.

>>12457536
Vitalik thought ETH was overvalued at $20. Lmao. Even his brain isn't big enough to absorb the impact of these things.

>>12457606
because he got 0 social intelligence. I can understand him. He probably is being fed with drugs, an autist like him does not even need to be obsessed about tech. Vitalik lost his intrinsic value when jews surrounded him and made him their puppet.

>>12457536
Vitalik never said it was "too much" he said it's "harder to argue oracles are worth 30m" which can also be interpreted as 30m being too low of a valuation.