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/biz/ - Business & Finance

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14473343 No.14473343 [Reply] [Original]

I'm a developer and I looked over the Chainlink white paper and documentation, as well as the blog post by Google. Here's a few reasons I would not use Chainlink for my own apps:
The current "mainnet" is not decentralized. there's no way to decentrally assess if an oracle is any good or not.
It took them 2 years to basically build centralized oracles, which is extremely unimpressive (and already exists). I do not have much hope for the future or the competency of their engineers.
The white paper doesn't coherently describe how they plan on making their centralized design decentralized one day. They broadly go over their "decentralized" reputation strategies as if creating sybil resistant decentralized reputation is something of an afterthought, when it's actually an unsolved computer science problem. They've had 2-3 years and 30mil in funding to actually publish technical specifications for this and instead they decided to build trivial centralized oracles. Extremely worrying. It kind of reminds me of IOTA "we'll remove the coordinator later". No you won't. You don't know how.
News outlet and journalists keep reporting on "partnerships" with Google and Swift. But if you actually read the source for the "partnership", it's just a blog post by Google Cloud that promotes their own service (BigQuery) and shows an example about how Chainlink users can use Google Cloud if they want. In no way is Google partnered or planning on using Chainlink themselves. The Chainlink codebase is extremely trivial to rebuild if Google wanted to get into the blockchain oracle space.
While there's certainly profits to be made by trading Chainlink, I recommend you do not HODL it with the hope that one day developers will adopt it as their source for decentralized oracles. That certainly won't happen.

>> No.14473352

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!

THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>> No.14473362

>>14473352
you are a MANIAC!

>> No.14473390
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14473390

>>14473343
<<<<<Also this photo.

>> No.14473403

Pasting that reddit fud i see

>> No.14473406

But guys, unironically, how is LINK decentralized if the majority of the big node providers will be owned by big businesses and staking services

>> No.14473432
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14473432

>>14473352

First of all congratulations on holding an ALT-RIGHT money laundering token.

2nd, you're racist and do not agree with transexuals (never gonna make it).

3rd. Russian Scam Coin. Sergery is a PHILOSOPHY MAJOR and has no right to code, let alone exist (like jewishes),

4th.

Cap this cunt bitch faggit.

Also, get ready to be butt raped by the SEC as this is an unlicensed security (uhhh staking dumbass). Linkpool will go exit scam in no time. Sergey is in the bahamas stacking lady boys on his dick while eating bigmacs. Need I Say anymore?

> based

>> No.14473439

>>14473362
Dude so are YOU! You are in every thread saying the exact same thing!
>the definition of insanity is doing the same thing over and over again while expecting different results

>> No.14473444

>>14473432

/thread/

>> No.14473451

The pure delusion. You retards actually think you have fundamentally analyzed link and are some sort of elite investor. You know about link because its been shilled to fucking death on this shitty board with terrible infographics and extremely far reaching claims with no evidence. I guarantee none of you have actually even tried to use the mainnet or have even considered the token economics at play here. The mainnet is a piece of trash centralized (it uses one source) API scraper that uploads data into a non self executable smart contract. A fifteen year old could write the code to do this, it tests nothing envisioned in the whitepaper. Now for the token economics 35% of the total supply is in the hands of Sergey himself. The top 100 wallets control 85% of the supply of this coin and it's not exchanges. Binance, the biggest exchange owns ~2% of total supply. Your investment can be quite literally wiped out overnight without a moments notice. Going all into this project is probably one of the stupidest things you can do with your money but retards like you keep lining up thinking you are the next Warren Buffet. Chainlink is so far from a sure thing. I love it how all you gullible fucks think you've already made it just by purchasing a bunch of meme tokens on a meme cat picture trading platform which does nothing just because a bunch of anons on a kosovo organ trading board said they will be worth a lot someday. Their arguments sound so convincing, so well researched, but the painful truth is that you've been fooled into investing in a honey-worded fairytale of a solution to a problem that isn't even needed outside its whimsical world of princesses and dragons. Starting to notice the pattern? I mean, the project leader is a fucking philosopher for fuck's sake.

>> No.14473456

>>14473439

get the fuck out nuefag

>> No.14473461
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14473461

>>14473432
Please.

>> No.14473470
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14473470

>>14473451

THIS. Link is a blip in the crypto-sphere, if you warent already all in on VID-T. Not going to make it, we cashed out link already and next is the BIGGEST pump of all. Stay Poor individuals.

>> No.14473482

>>14473432
>promises of high returns
1000$ EOY check
>no genuine product
no decentralized oracle platform, check
>primary emphases on recruiting
shilling everyday for 2 years, check

>> No.14473483

>>14473456
YOU are the newfag, the previous anon continued the prime 'LINK MANIAC' pasta

please stop staining kek's legacy with your foolishness

>> No.14473490

>>14473461

lmao take my gold good sir, hahaha. i use reddit AND biz and my gains are better. show your blockfolio? hahaha ill wait becuase your a linker with heavy bags.

>> No.14473504

>>14473483

lmao u just found biz today

>> No.14473515
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14473515

>>14473483

also, dubs

>> No.14473522
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14473522

>>14473343
chainlink has a non workong sgx implementation

>> No.14473537

>>14473470
VID-T is a global database replacement and got intrinsic value as I see it?

>> No.14473567

>>14473343
no one cares faggot Google, Microsoft and Oracle are all partnering and anyone who takes a fucking plebs word on 4chan over theirs deserves to have their money taken away

>> No.14473585

>>14473343
Nice FUD, fucking fudder.

This HAS been DEBUNKED already btw.. Just to let you know, cunt !

>> No.14473804

>>14473439
It's a bot.

>> No.14473916
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14473916

>> No.14473949

>>14473804
lol

>> No.14473958
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14473958

>>14473432
>guise watch out it is a bubble
I'm pretty sure people were fudding like mad in Wall St in the 70s

>> No.14474008

Goddamn it you fucking idiots with your cringy link memes.

If the chainlink team sees this shit of threads full of pink wojaks and pepes shitting their pants, do you really think that investors will take seriously your autistic shit?

>> No.14474601
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14474601

IM NOT HERE TO HELP YOU, YOU GODDAMN RETARED LEPER!

rjlpranks

>> No.14474653

>>14473343
YAAAAH LEMME UHHHH SELL MY LINKIES BECAUSE OF COPYPASTA NO. 1000 MH MH MMMMMM $0,00 EOY YAAAS

>> No.14474696

>>14473456
Oh the irony

>> No.14475482
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14475482

>i care about the tech