/biz/ - Business & Finance

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>>>/biz/thread/S14715723

>>14745671
Does Cryptlets make use of the LINK token?

Could u reply to this CopyPasta?

staking will not be profitable unless the nodes can verify real throughput from the metachain oracle service provider.
exhuberently the metachain data provider offchain regulatory system of the erc20 smart contract approval mechanism needs to be superior to the hashrate transaction speed.
if this can not happen LINK can't become the standardized oracle solution to the off chain integer market occuring decentralised specs


you brainlets will never understand this fatal technical flaw.

cup of coffee
weak to sybil attack

>>14745671
Where's the technology? The value?
I don't think a jason parser is enough.

>>14745715
this

>>14745671
when moon sir?
I need to feed my family.

>mfw i made another big grab under $3
i didnt think i would get this lucky twice guys

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!

If chanlink wants to be blockchain agnostic will it still be erc-20?

>>14745708
Not OP but that copypasta is a meme

>>14745762
i bought about $100 under $3 hopefully it stays around $3 for 3-4 days

>>14745697
No clue.

>>14745708
It's literally just random buzzwords.

>>14745715
I don't even know where this "cup of coffee" thing came from. Maybe I missed a week or two.

And for a sybil attack, the team has been taking all of the correct steps to prevent any sort of sybil attack from happening. When building a decentralized oracle (which has never been done before, mind you), sybil attacks are a serious threat. However, chainlink has taken every single step possible to eliminate any possibility of a sybil attack getting through while still maintaining the decentralized aspect of the oracle.

>>14745749
>when moon sir?
July 20th, 1969

>>14745791
Dude. Come on. Yes, it will still be ERC-20, as long as it doesn't get downgraded to ERC-10.

>>14745726
A functional decentralized oracle. The value will depend on how often that oracle is used.

>>14745762
>>14745794
You had two years, literally.

Do you think Assblaster's estimations for 100-150 were too low or too high? Obviously not asking for exact but maybe estimations even assuming the entire 1 bil supply eventually is out in circulation

>>14745822
Yeah, so? I'm here now.

>>14745795
What do you know in regard to Cryptlets?
I'd imagine it is limited in your scope if you aren't aware of token usage or not.
Which would lead me to wonder, why haven't you researched Cryptlets/Bletchley more?

>>14745762
not a big grab, but a grab

>>14745836
Nobody knows what the price will be. If no one utilizes the decentralized oracle that is chainlink, LINK will be worthless. If a shit load of people utilize it (specifically for derivatives), then 100-150 is extremely low.

>>14745839
Alright, well welcome aboard faggot.

>>14745852
I'm not a bread crumb finder. And too be completely honest, I haven't looked too much into Cryptlets myself. I haven't because I honestly believe chainlink will be an industry standard, regardless if microsoft wants to play along or not. LINK isn't some shit coin that needs partnerships to succeed. If Microsoft came out and said "Hey nerds, we're going to use Chainlink!", it would affect the price temporarily do to speculation. However, the only real value from LINK will be from usage on the network.

>>14745671
Does link need to have 1 trillion market cap to reach 1000 eoy?

>>14745890
Noted.

>>14745892
Multiply 1,000,000,000 by 1,000 and you tell me

>>14745671
Have you looked at iexec's go at decentralized oracles? Are they just Frenchie scammers or a form of legitimate competition?

Do you have examples of centralized oracles? It doesn't need to be blockchain related.

>>14745892
Total yes...

But the real amount of links available to purchase on exchanges will be *much* lower than the total, with a network that is being used.

At this point, it's stupid to even consider link within traditional crypto mcap barriers. Link will be the first crypto with an actual working product, that is being used by big players and therefore generating real revenue.

>>14745708
>The hashrate transaction speed
>Off chain integer market
Kek

>>14746383
Anyone can build a decentralized oracle, but the one that gets adopted will be the ONLY one that succeeds. Having two decentralized oracles is completely pointless, and only serves to weaken both. You have to ask yourself, which is further along and which one has a higher chance of succeeding?

>>14746468
A centralized oracle can literally be any data source that is controlled by a specific party or parties.

>>14746508
Now, let's not get ahead of ourselves. I've been holding for two years, but if holding LINK becomes more profitable than staking it, it will be pulled out and sold.

>>14746563
>it will be pulled out and sold.
Yes. This will more or less occur this btc halving cycle. Hype will win out, with normies fomoing over smart contracts after learning about them for the first time. Link will most likely crash after the peak in 2021 or so (probably not as hard as ETH did in 2018 but we'll see). I don't think we'll begin to see a mature network from chainlink until at least 2023 at the earliest. Only then will circulating supply start to plummet. But that's just my guess.

But this isn't the point. Anyone planning to sell all of their link in the next 2 years has no foresight. Cryptos with real adoption will moon harder than scams/memes.

>>14746655
>Link will most likely crash after the peak in 2021
Absolutely. Speculative price will always be higher than the real value of the asset. However, it is important to remember that the crash that will follow will put a floor on LINK much higher than the current $3.00 valuation.

How can LINK have a higher market cap than ETH when it's just a token?

>>14745762
>bought another 2.1k at $2.80
as lewis hamilton would say
#blessed

>>14745697
It will have to if it wants a decentralized option, but I'm fairly certain it was built from a centralized use case first.

>>14746760
Is there a rule stating a token must be worth less than ETH?

>>14746747
>Speculative price will always be higher than the real value of the asset.
This is only true in the short term for link, but I think that's what you mean.
With real adoption, it will only continue to moon endlessly as it becomes more scarce over time. The speculative peak this cycle will look funny in comparison to its long term growth pattern.

>will put a floor on LINK much higher than the current $3.00 valuation.
Obviously. It will crash but I think it will recover quickly because people have a real belief in it, and depending on the results we see by then, we'll know whether or not it will succeed for certain.
I don't believe it will crash like ETH mainly because ETH had a specific set of circumstances (everyone unloading ETH after ico craze, etc).

>>14745836
He was way off and doesn't list half the use cases we know now.

>>14746508
Lots of cryptos already work.

>>14746838
No, but you can literally clone Chainlink and run it on the Ethereum network. You can't replicate the Ethereum network as easily.

>>14746894
Yes, but largely with other cryptos or are limited in their real world usage.
Absolutely none come close to link's vision. Crypto will never see the true real world usage it deserves without a decentralized oracle.

>>14746897
You can also clone the Amazon website. Good luck getting their sales.

>>14746867
100% agree with everything my dude.

>>14746927
Not a good comparison. Amazon has a ton of infrastructure that you can't clone.
Chainlink right now it's still pretty much just some code. Why would companies spend billions buying Link instead of spending way less for a clone?
The whole high value Link idea doesn't make much sense to me.

>>14746986
>much just some code

WRONG. You can't code your way to a secure, decentralized network. Read pic related. The value of link does not come from its code.

No matter how much money you have, you can't instantly replicate what link is doing. The industry standard meme was not a meme.

>>14745795
Really dude? How new are you? The cup of coffee thing was originally BAT fud and has been used now for many other coins in an ironic fashion.

>>14747095
Left /biz/ early 2018, just came back.

>>14746986
The code isn't the valuable part.

If you would sell most of your linkies, following what strategy would you do it?

I've been figuring out tons of laddering (10, 20, 30 or 50, 100, 150, etc) but just can't figure out when to sell what amount.

I mean, I could sell half at 50, but it might just well stagnate at 44 and then crash for months.

>>14747510
>but it might just well stagnate at 44 and then crash for months.
Who cares? If the chainlink network gets enough usage to hit $44, then it will inevitably hit $100. It's only a matter of time. I'm in no rich to be extremely wealthy. Compared to other people my age, I'm very well off. If any of us were to invest in boomer stocks instead of LINK, imagine how fucking slow it would be. Just be thankful it will take you only a few years for a couple hundred grand at least, instead of 50+ years.

>>14747556
Well, I would, since it will be money I've never seen.

But mostly, I'm just afraid of repeating the mistake of not selling anything like early 2018.

>>14747711
I don't really get this mindset, if people not only held through 2018 until now and maybe even bought more when it was under $5K they would still have significant profits.

Where does this "missing out on gains" myth come from unless you don't think BTC will eventually be worth over $20K again. Even if it doesn't it was over $15K for only a week or two if I remember right. This missing out on profits mentality only really applies to pump and dump shitcoins that will never recover, not to projects that have an actual use

What's your take on the recent discovery that reputation is essentially centralized with a third party? How does a node know it's being fed valid data in the first place? Starting to sound like it is very prone to sybil attacks.

>>14747775
Because Link is an anomaly here. Most alts got absolutely slaughtered. And even if you held BTC, you could have made MASSIVE profits by selling near the top and buying back a few months ago.

>>14747804
>Starting to sound like it is very prone to sybil attacks.
It would be, if the team wasn't allocating 350,000,000 LINK to other companies to run nodes. By not releasing the majority of the LINK supply, they have ensured that their netowrk will be decentralized, as long as the remaining locked LINK is given to enough nodes to operate. A sybil attack is only viable if it is cost effective. Because all nodes will not have the same reputation due to the LINK token, it will be VERY FUCKING EXPENSIVE to conduct a sybil attack. And even then, only 35% of the supply of LINK is available to any attackers. Meaning they literally CANNOT acquire enough LINK to conduct an attack.

>>14747846
To add to this, the pic your posted is correct in the sense that a decentralized network is indeed prone to sybil attacks. However, the larger the network, the more secure it is. Therefore, you would have to be a madman to actually believe that the chainlink team hasn't thought this through from the beginning.

>>14747711
The only mistake people made in 2017 was rushing out to buy shitcoins that inevitably dropped off a cliff never to recover. You could have bought bitcoin at ATH and you’ll be happy you got in so low by 2025

>>14747981
If there were two things I learned in 2017-2018, never buy ATH, and never sell on a dump. Sometimes it works out, but most of the time you're fucking yourself short term.

When can I stake my linkies anon. Timeframe?

>>14748034
>When can I stake my linkies anon
https://docs.chain.link/docs/running-a-chainlink-node

>Timeframe?
No idea. I'm not an insider, just an autist.

>>14747846
So you mean to say that in order to prevent Sybil attacks, the staking requirement should be so expensive that only big companies can afford to run nodes? So the answer to the Sybil resistance problem is to centralize the network, got it

>>14745771
you are a MANIAC

>>14748031
Yeah I don’t sell. I bought btc when it peaked at 1k and it’s given better returns than any other asset class. You only lose when you start freaking out about buying high

>>14748058
Not at all. I'm saying it's a mixture between the amount of nodes, and the amount of reputation each node has. Read the fucking whitepaper, page 18. The information is right in front of you.

>>14748050
>https://docs.chain.link/docs/running-a-chainlink-node


someone needs to develop a plug/play solution like bitters did with casahodl for the LN.

>>14748222
Give it more time.

>>14748303
Do you have any sell targets or will you hold forever and just sell off gains from staking?

>>14748316
If I do sell, I'll probably sell about 10% at $50, another at $100, then the rest will either be allocated to nodes or sold and transferred into traditional boomer investments. It all depends on boomer markets though, no way I'm buying that shit until it crashes.

>>14748347
How much do you hold?

Anything to help me learn what chainlink is, and why /biz/ is crazy over it?

>>14745671
>Ok faggots, I'm back to do another spoonfeeding thread. Ask your technical questions, and I'll answer them to the best of my ability.

so the pump is fading quickly, what's the dump price?

>>14747804
Read pic here >>14747012

They have thought this through so much that no one will even think of sybil attacking, trust will be implicit from the start.

This was answered so many times, go back in the forums if you actually care about the truth and not what some schizo OP who posted 50+ times in one thread has to say.

>>14745671
I think all the talk about a sybil attach is FUD

Chainlink needs node operators to sing a $1MM contract to operate a node, and if they find out someone is carrying out a sybil attack the they will lose their deposit. What do you think?

You think $1k+ is a meme, or is it possible with chainlink becoming the standard protocol to link the real world to the blockchain?

>>14749750
it's all about adaption. If a lot of people use it then even 1k is FUD, if no one uses it then even $0.1 is a meme

>>14748347
How do Oracle providers get paid? What kind of marketplace will exist to sell api data to the node operators?

>>14749777

>>14749797
the get paid on the link token you faggot. That's the whole purpose of the token. do you want to pay them in boomer money?

>>14745671
LINK is a dead end. I applaud you if you've made money, and maybe you'll make more, but the oracle problem hasn't been solved and never will be.

Democratizing inputs means turning the "truth" into plebbit. Upvoting and gaining reputation to determine what events have occurred. It's a horrible system, and it's ironic that the community of "go back to plebbit" misses this. Link might go higher as a speculated penny stock, but as a legitimate technology it's garbage.

>>14749777
Trips of Truth

>>14749869
cope harder!

Amazon, Facebook etc use the input method to push things, but they are centralized. if decentralized nodes can input this data then it's more reliable because the nodes have to be true, if not they will not be trusted. They want to be trusted because if they are then they get used more and make more money

>>14749869
i never got that.
how do the nodes even verifyvthat the information is truthful when the node operator doesnt vote manually.
its all supposed to be done automatically.

>>14749869
This FUD is pretty funny, good one anon

>>14746932
who is this fuck meat

>>14745671
Explain.
Also, did you help defend the pixelcanvas cube last year?

>>14749959
cope hrad

>>14745671
Why do the faggots on this board keep saying google partnered with chainlink, when in reality, google made multiple blog posts about multiple potential use cases for multiple crypto, none of which they are currently actively using?

>>14745771
based maniac

somebody with high IQ explain please

how was Iexec able to create decentralized oracles in 3 months when it took Sergey 5 years? I know Iexec has 5 phD's but Sergey had 32 million so he could have hired the best team. why is he so incompetent

>>14747804
>How does a node know it's being fed valid data in the first place?

Thats not what chainlink is solving. But to address that, chainlink is a project built ground-up for financial institutions/ industries, not for anonymous neets. The majority of node operators would be known/legit entities that have every incentive to provide proper data.

>>14750197
listen up, fag!

the crypto sphere is not about who writes the best code for the system, or who has the better algorithm. All you need to have is a working system, AND a lot of people using your system. Bitcoin is not the best, but it is what it is because people are buying it and a lot of people hold bitcoin. To replace bitcoin with another coin which is functionally much better we will have to crash bitcoin, and that money will flow in thebetter coin. It is impossible to do, and the big boys won't let this happen. So go with the flow, crypto is us, not the code. We can make api to cover up any flaws of the coin/token, but you can cover up adaptability.

cope

>>14750197
Decentralized oracles =/= forming a decentralized oracle NETWORK.

>>14745795
>I don't even know where this "cup of coffee" thing came from
I swear to god, I'm the guy that came up with that late 2017, maybe early 2018. I wish I had the original copypasta saved (I need to look), but it caught on. It's kind of hilarious.

>>14745671
Why don't you fucking stop nigger? All the good things that came from biz were created primarily thanks to the lack of spoonfeeding which generated the wild autismo. You're making this place worst thread by thread, all in the name of a fake personal social media relevance. Disgusting, unironically go back

breadcrumbs

>>14749681

>>14749916
The whole marketed purpose of smart contracts is in their ability to mimic/replace real world contracts. That includes things like placing bets, which rely on an interpretation of real world events.

Plebbit is the perfect analogy for this type of system because, in democratizing truth you're simply asking what the herd believes at that time. This actually empowers propaganda rather than weakens it, and makes contracts worse rather than stronger. What happens when the smart-contract executes because Iraq has weapons of mass destruction, but then ten years later the consensus has changed to "no they never did?" You can't forego immutability, so you're fucked. And that's just one major flaw.

There is no automated solution to the oracle problem. Period. Niche use-cases can only exist in a purely virtual environment, where inputs are binary (but even this has its own set of problems). However they can never be used to determine real-world historical events, which is what the majority of contracts are actually built on.

>>14750375
you are talking about two different issues. executing smart contracts, and trusting the nodes
> That includes things like placing bets, which rely on an interpretation of real world events

this is done by a personalized api for the tasks. the bets will be placed on the app, and the money will be transferred on the completion of the bet. this is where chainlink comes in the picture, it will take the real world data 'the outcome' and put it on the blockchain. Think of 'autopayments' for insurance premiums. WIth chainlink the autopayments can be done for any event and with crypto money, out of your crypto wallet

> There is no automated solution to the oracle problem. Period. Niche use-cases can only exist in a purely virtual environment, where inputs are binary (but even this has its own set of problems). However they can never be used to determine real-world historical events, which is what the majority of contracts are actually built on.

This is the reason we have chainlink. It will take the realworld data through sensors, viz an api and process (validate) it through the nodes, execute the order in the real world

>>14745671
In another thread someone mentioned the terms 'szabo's god protocol
wef's 4th IR'.

could you elaborate just a bit (LINK supporter here, don't own LINK because of poorfag though)

>>14750443
>>14750484
I understand the implementation but the problem is that it can never actually be trusted. Either events are confirmed socially by user inputs (reference plebbit for what a failure this is) or through sensors, which mean A) the sensors are subject to spoofing and tricking, and thus require massive redundancy and security and B) that everything associated with any contract needs an ungodly number of sensors (which are subject to glitches, failures, and wear, among everything else).

In either case, the system is unworkable. The best thing they've come up with is to use "authoritative content" to verify events. Is it any wonder why Google is giving LINK PR shoutouts? It's a step backwards.

you fags are dum as fuk… I will be investing in Iexec instead since they are far more advanced and they have a stellar team.. they are the leaders in decentralized oracles

>>14750597
it's still in infancy. The things that you talked about are godtier and it will take some time to implement them. Chainlink will only be useful when blockchain currency is sued because it works on the chain.

I think they with launch smart payments, smart rent, smart transfers and those kind of buzzwork 'smart' crap first before going into the deep stuff.

>>14747556
why 44$?

>>14750620
leaders? what's the mcap? collabs?

the only leader in decentralized oracles is chainlink. again, to bring down chainlink and replace it with some other token we will have to crash chainlink completely and move all the capital into the new token. Chainlink is big enugh for that already

>>14747012
the big buy wrote this btw

hes one of us

>>14750282
your mistaking the market for crypto for the actual functionality of the tech, which will ultaimtely govern the market through utlitlty alone, Jews can't stem the tide of science with something as ethereal as sheckles

>>14750652
I suppose our only disagreement is that it's even possible to implement meaningfully in terms of executing contracts based off real-world events. I conclude that it's theoretically possible to implement, but the consequences would be horrible for anyone participating, so, although it would technically be implemented, it would be a shit-show at any kind of scale.

Now, can it be useful for certain niche use-cases? Probably. But even that is in doubt. Any time you introduce any input as a requirement to execute a contract, the immutability becomes a huge problem. If the input was erroneous, you can never go back. If it was accidental, you can never go back. If Iraq didn't have WMDs, you can't resurrect the people who died. That's "smart contracts" in a nutshell. You can minimize the problem by minimizing the implementation, but the problem never goes away. It's a shitty system pushed by ideologues who believe that a techno-libertarian anarchy is the closest thing to utopia. That brainlet premise is what drives all the errors, and Google et al are more than happy to extend a hand to become the 'authoritative content' needed to execute immutable contracts.

If you're making money on the speculation that's great. I hope you all get rich, because most people who buy these coins are poor and need a leg up. But people need to understand the flaws so that they can evaluate things on balance.

>>14750797
i see what you are trying to say. Again, let's not go too far into the future and involve WMDs and iraq in the smart contract discussion. there things are at least 10-15 years in the future given the current state of crypto.

the need to implement the simple stuff first, make it robust an dreliable and the go on to the next step. while doing that tech in itself will be advancing and smart contracts would take advantage of that. ANything can happen, but at this moment in time smart contract looks promising, and with the adaption of chainlink the I can see the industry going in a certain directiion. again, the oracle problem is not new. crypto goes way past SN and bitcoin. There are other tech that we have not touched yet, and we never knoe we can get another SN with some other tech tomorrow and people will ride that hype. But currently it's crypto

4 years back I believed one of these, Biotech, IA, reusable energy, and environmental engineering, will be the next big thing,but I was wrong

>>14750988
If there is any serious implementation with this stuff, I predict you'll see smart-contract insurance popping up as a way to protect yourself from contracts executing erroneously. They'll then have to be litigated to reverse the damage, and of course, that negates the whole purpose of immutability and system efficiency. Which fundamentally is why it's no better than our current system.

Sure, I could be wrong, some breakthrough could solve it all, but the problem is that there's no solution that is even conceivable, that has ever even been described. The blockchain itself is a promising tech, it's just that the virtual-to-real barrier is one that can't be crossed successfully unless we all start living in a virtual world. The only other way would be sensors all over everything and a truly god-like AI. Both of those sound hellish.

But that's just me. I think the prices are likely to climb so I'm not shitting on it as an investment in the near term. There's good reason for the big four to be pushing this (such as Google) which I alluded to earlier. So long as they are interested, prices can do interesting things. But then, if I were Google and truly interested, I would fund my own LINK-equivalent and get in at the ground floor...

Can I ask for a raise and more hours at the same time or should I ask for one at a time?

I keep the business afloat and my boss loves me.

>>14750533
why don't you just read the primary docs and CTRL +F your way through?

anyone have a link to the official discord?

>>14751377
fuck that....where's teh 4chan /biz/ link discord?

>>14751395
why do you need that? you want to join the DTT? (discord trannie tribe)

>>14748359
There can never be enough

>>14749464
Read the whitepaper I posted in the OP. If you have any question after that, ask them. If you're not going to take the time to at least skim through it, then you're not worth my time explaining things.

>>14749486
Could be $3, could be $2, could be $0, who knows. I'm not a speculative trader, I'm also not a swingie. Been holding for two years and don't plan on selling now.

>>14749707
It is FUD. It's easy FUD to debunk though if you have more than 55 IQ.

>>14750197
Anyone can program a decentralized oracle. Seriously, anyone with the knowledge. Getting the network online and functioning as an actual decentralized oracle is a whole different can of beans.

>>14750147
If they weren't, then wouldn't you think google would have a huge problem with having THEIR FUCKING NAME PLASTERED ON THE CHAINLINK WEBSITE. Seriously, this one is the worst fucking fud possible. It's right there for your faggot ass to see and yet you still think they aren't together. Jesus christ.

>>14750319
kek

>>14750322
Because I was unironically spoonfed back in 2017. Didn't do a damn bit of research myself until the bear market. Trying to give back to the nu autists who decided to show. I'm sure people who were here before thought the exact same thing about you.

>>14750375
>There is no automated solution to the oracle problem
Yes, actually there is. It's called chainlink. I see what you mean though, you're basically saying that SOMEONE has to input the correct information into their API in order for the nodes to see it. If only one party is inputting information, then that's the only thing the nodes will see. UNLESS every single person who can see the outcome of said bet inputs that to multiple data feeds. Now it's decentralized. This shit is weak fud son. This will not be the case with the people chainlink plan on working with.

>>14750533
The god protocol refers to an all-seeing god that can view all information without any third parties

>>14750620
Be sure to grab your street-shitting jacket on the way out

>>14750652
They've already launched. Mainnet is out. Getting to the juicy stuff is the next step. You're early. Be happy about it. Don't get mad because the price isn't $10. Be happy that you don't have to buy it at $100.

>>14750797
>It's a shitty system pushed by ideologues who believe that a techno-libertarian anarchy is the closest thing to utopia
You have to go back dude.

>>14751124
My man, you are making it sound like the people here honestly believe that smart contracts are going to run our every day life. No. They will remain in the virtual world, but they will also be using OUTSIDE OF THE BLOCKCHAIN. That doesn't mean there needs to be fucking sensors flying around and a bunch of other stupid shit. Do you think the derivatives market lives outside of the virtual world? Fuck no. It's a bunch of internet money, just like crypto.

>>14751596
Dumdumb, the core claim is that smart contracts are used for real-world events. No one cares if a Forex buy signal executes off a market price, or a derivative sale for that matter, because both of those are priced on an exchange and determined by binary bids.

The contention involves use of analog information to execute binary contracts. It. Will. Never. Work. I don't care what you tell yourself, no one has solved it nor will. As I said in my post, there are niche use-cases where it might be helpful, but even then, the incentive is to create your own LINK if you're already a huge company with supercomputers (i.e. Google, Amazon) and easy access to MSM announcements to pump your coin.

>>14751677
Ok man, you're one of those people that are going to believe whatever the fuck you want to believe no matter what anyone else says, so I'm just going to stop.

>>14751726
>the irony

I put everything I have into LINK and it was still only enough to give me 3.8K linkies. Will there be moonshots to chase after LINK or will I have to settle for 3.8 million?

>>14751767
I don't know, i'm not here to make you feel comfortable in your little imagination land faggot

>>14751797
Then of what use are you to me?

Here's my question that I have NEVER had satisfactorily answered.
Why the FUCK would someone want to use a Discord where you have your own fucking name and avatar picture which basically makes every single person on there a "look at me!" tripfag who are literally the bottom of the barrel narcissistic fuckheads?
Why would anyone go there ever?

>>14751811
You answered it yourself. Lol why would you ask a rhetorical question and say you’ve never had a satisfactory answer

>>14751811
narcissism and unawareness why discord has the nickname doxcord

>>14750263
then why would they use chainlink when they can just cooperate together and sell their data directly kek

>>14745795

Ok, let's imagine the scenario of a sybil attack. Isn't staking the best defense against this? Sure, an attacker could set up a huge array of false identities operating as distinct nodes, and those nodes could all make false reports attempting to trigger targeted smart contracts. However, unless they are all staking a huge amount of LINK (each) as collateral, wouldn't they be limited to relatively low-value contracts? Wouldn't equipping an army of dummy nodes with a gigantic amount of LINK all add up to a huge fortune? Moreover--- assuming that the network has good usage and support by diverse nodes--- wouldn't other nodes pretty easily invalidate the data reported by the malicious nodes? It would take a fortune to equip an army of sybil attack nodes with enough collateral each to participate in tampering with high-value contracts, and the risk is insanely high. How much of this collateral would an attacker lose because other nodes don't agree with their data before they can do any real damage? Am I missing something here?

>>14745822

i'm starting to wonder about your tech expertise. The answer to this question is that LINK is an ERC-667 which gives it the TransferAndCall function.

>>14753450
>Isn't staking the best defense against this?
Yes, 100%.

>https://en.wikipedia.org/wiki/Sybil_attack
> A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically.

It will cost too much to conduct a sybil attack. We know that the reputation system proposed by chainlink will NOT treat all identities equally. Pic related. This is why it's such a genius system.

>>14753466
It's an ERC-20 with ERC-677 functionality, which I mentioned in the previous thread.

>>14753505

Got it. Was just wondering.

>>14753481
It's too expensive, until PirateCoin comes along >>14750218

>>14754370
Except the fucking retarded plan you have here (which is literally retarded) would only succeed on PoW coins (it won't). LINK is a premined ERC-20 token you fucking brainlet.

>>14750652
go bak to reddit faggot

>>14754399
your speaking to redit shitlords you know that right. Your supposed to wait a little so the board go go back to normal to do this. Unless your trying to shill to them

>>14754422
you're right. saged and thread concluded.

>>14745671
So you're telling me this project has confirmed ties to the banking cartel, the cream of the crop of global legal firms and institutions as well as some of the biggest tech companies in the blockchain space focused on the soon to be mass adopted enterprise level smart contracts such as consensys, IBM, Intel and Digital Asset and that the solution to the oracle problem which it is aiming to solve is essentially the God protocol as described by the creator of the smart contract concept, ie one of the main pillars of the fourth industrial revolution and the backbone of the future blockchain infrastructure (10% of global GDP in less than 10 years) that will allow massive automation of post trade processing, thus saving all the biggest markets such as derivatives and insurance possibly trillions in saving, AND its the only project of its kind due to its decentralized nature and has the first mover advantage, but despite all these confirmed facts it's being largely ignored by the crypto community, although it has gone up from 120 to 60 ranking in a bear market with no marketing just in a couple of months, simply because a dozens of dedicated autistic neets down vote every possible clue about it on reddit because they're the only ones who realized this revolutionary project would basically replace all the lawyers with neet nodes where 1 link needs to be worth at least 5k usd in order to be sufficient collateral for the quadrillion derivatives market? Do you realize how delusional and insane that sounds? Personally I'm all in.