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2023-11: Warosu is now out of extended maintenance.

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15802375 No.15802375 [Reply] [Original]

any anons explain this?

If the decentralized oracle network can eliminate centralized tampering, thats problem solved.

However, imagine a company who is putting the data from their API out there for LINK oracles to relay. say, 10 oracles relay this so the smart contract knows its true.
what stops the API provider from lying, or making a mistake?

It's still fucked. its still information coming from a single point of failure. Now if you had 10 APIs relaying similar information this is no problem, but i don't see private companies having 10 APIs. Data from FedEx, for example, is going to come from them. why would there be 9 other API's relaying FedEx information? there simply wont be.

>> No.15802468

>>15802375
news flash: its a fucking scam. the network isnt even decentralized to begin with because you have to go to an interview with the team in order to be a node operator. its nothing more than a centralized network of json parsers. scam shitcoin

>> No.15802494

isnt it the companies fault if they are providing faulty data

>> No.15802571

>>15802494

true. they have reputation at risk. However mistakes happen.

but, why bother with decentralized oracle system then. the companies reputation is the only thing stopping faulty data. cut out the middle layer

>> No.15802574

you can never guarantee that the API is correct but you can guarantee that what is put on the blockchain is exactly what the API said

>> No.15802652

>>15802574

i see. actually its all clicked now. thanks. i was just missing the scope of what LINK is or does.

>> No.15802674

Aggregate data pulled from multiple APIS, say you want a shitcoin price tracker you could just request multiple oracle's to pull from multiple exchanges

>> No.15802715

>>15802375
link guarantees the integrity of data transportation. data source integrity is an entire different issue, not even blockchain-related.
There will be data where you can fetch different sources while others all come from the same place. In this 2nd case link at least guarantees redundancy in the call (i.e: if someone made a call and it was down for a few seconds)

>> No.15802723

>>15802571
Yeah, you're right anon, why not just use a centralised oracle anyway. I mean, it's not like they're going to get hacked or go down right. More risk the better right.

>> No.15802746

I see companies eventually having multiple APIs to resolve this. If you take FedEx for example, eventually they might confirm delivery in more than one way. Maybe one is a signature and another is scanning the package? Maybe not right away but I see the logistics industry changing in the future.

>> No.15802748

>>15802723

my point was not bout decentralized oracles..
it was about the source of the data.
But i was confusing the two. they are separate issues.

>> No.15802751

>>15802723
>>15802468
This. I'm a tcp ip developer at a fortune 50 big data company with 25 years experience in database infosec, I've looked into chainlink and all I can tell you if that the cryptographic measures implemented in regards to the decentralized security paradigm in the API and IoT structure of chainlink's github code is fundamentally flawed after the Pivotal tracker server crashed due to the core attacks on the network enabled by its corrupt data inputs and outputs, what this really means is that by attempting to solve the oracle sybil resistance issue it instead allows customers to bypass the encrypted hardware and even hack into the smart contract Intel SGX mainframe, unless they manage to increase the signatures and scalable nodes, which isn't likely considering the Google backend isn't compatible with the legacy JSON systems and Solidity language from the EVM in the Truffle stacks, that's why the ic3 and SWIFT engineering teams developed the ISO 20220 standards but it's centralized and susceptible to the 51% front running program so yeah basically Sergey didn't foresee that the enterprise customers and cloud blockchain dapps would never allow their protocols to rely on these permissioned host mechanisms thus rendering the LINK ERC 677 token obsolete and no serious developer would consider DLT technology in these conditions, sorry linkies I'm just telling it how it is.

>> No.15802761

>>15802652
Glad you understand, you're a cool guy OP

>> No.15802765

>>15802375
>2019+10 months
>retards still not understanding what the oracle problem is
JESUS CHRIST
when will the newfags fuck off

>> No.15802777

>>15802751
10/10

https://youtu.be/Ac7G7xOG2Ag

>> No.15802879

>>15802748
I was well aware that you were mixing the two up, just yanking your chain mate

>> No.15802894

>>15802748
They’re sort of separate issues, but they’re both problems that chainlink addresses. It deals directly with the problem of getting API data on chain, this is the most vulnerable part of the security chain right now. But APIs can and do fail. Chainlink addresses this as part of the security scaling that contracts can build up. You can scale your contract to have more data sources and more nodes as your contract becomes more valuable. The biggest advantage of chainlink is a customizable and scalable security model for your onchain data needs

>> No.15802898

>>15802375
congrats you figured out the scam

>> No.15802970

>>15802751
( Also >>15802777 )
This was literally stolen from a warosu larp from way back in June. It's so obviously fake it even shows up when you search "pivotal tracker crash" in the Google. Do you own research people, but don't fall for obvious fake shit like this.

>> No.15803012

>>15802894

Fuck. sometimes i realise how fucking long its gonna take to convince big business how they can make money from that.
Its not an easy thing to understand. abstractly easier. how they can use that data is a hard sale especially from where we are today.
The average brianlet doesn't even uderstand how a smart contract works or how it could beenfit their company yet...
Link is a sure thing in my mind but its gonna take a long time... Like how long it took to convince traditional businesses to have a website, or an order function.... took till literally the past 5 years for every business to integrate it.

>> No.15803100

>>15803012
It’ll be faster than you think. Law of accelerating returns and all that. Heavy hitters are putting serious thought into how they can get ahead of this wave. Fuck normies and brainlets. They’ll be left behind as usual

>> No.15803167

>>15802375
Did you ever happened to see node acting as insurance?
api can be in many forms, but I like api data when it's just simple numbers.
My node draws the line, up and down, up and down, oh, what? 30% change in number in this short period??
I, being part of nodes in a contract and a setting in a contract, I stop contract from executing, because api data change was to big and to quick for routine dealing. Basically my node gives error codes to contracts
Buy me a bear and 2pack of marlboro when you go to gas station.
Have a good day.

>> No.15803182

>>15803100

Hope so.
We had pioneers on the internet. they made huge fucking bucks early with no competition. even as early as 1998-2006.
others were barely getting it then still. the very early ones like Amazon and Google literally created an empire of products and services and monopoly while everyone else was still figuring out how email can help them reach their customers more efficiently lol.

By around 2012 i think the pin dropped and everyone realised they need to get in on this and here we are now in a post internet society where literally everything is online. the turn around was not fast imo. hopefully link is faster.

>> No.15803190

>>15802751
nice copypasta

>> No.15803235

>>15802375
This has been an existential question argued here for two years now
You cannot guarantee truth from an API. Chainlink is not Some advance form of AI that can dictate truth. It’s simply a method of securely delivering data from point A to point B. Think of it like the vehicle the president drives around in, extremely safe and secure mode of transportation, but it’s not going to teleport.

You can even divulge on this further. How could you ever really know an event is total truth? If a tree falls in a forest and no one is around, does it make a sound? You can see how this argument quickly devolves into a dichotomy.

>> No.15803327
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15803327

>>15802375
>>15802571
>>15802652
>>15802574
>>15802715
>>15802748

>>He walks into your room, belt buckle undone with mcdonalds grease glistening his hairy chest
>>He loosely flings off his daily steve jobs plaid shirt
>>You brace yourself uncomfortable, the binds keeping you shackled spread eagled on the floor

"yes master, nulinkers deserve death. they are just trying to buy this synth-russian vaporware dogshit token on the low by fudding a chinese CCP fly-fishing counter protestor forum. not like your browse it master or have any fucking semblance of a fatass walrus scammer mindset."

He smiles.

He slowly walks over to you.

"And what do you say to the deceivers?"

"You'll never buy sub one dollar again! Nice try, didn't read, not selling! been holding for 700+ days. imma just keep buying like the dumb dipshit pig i am. it'll eventually work out no matter what because im too stupid to understand economics and i compare this opportunity to ethereum cuz im a fat, fucking retarded pig that loves to pay for your expenses and vacations"

He assumes the position now, a chair on top of your bare naked chest. He grunts and let out a massive fart.

"That's right... I've been holding it for 700,000 blocks, it's nice and hot and stinky..." He trails off, a distant look in his eyes as he glances and looks at all the chainlink posters in the room.

He grunts and out comes, a fat nasty shit on your chest.

"Another 700k, dumped. Take it in your GPI."

"Thank you master, partnership confirmed. To the moon!"

>> No.15803369

Let me redpill you all on the future that I see.
I see a future where humans and technology coexist seamlessly, where machine learning and blockchain fill the gaps that previous technologies could not.

Need to find some cheaper foods? Have your fridge do a Google search of similar products to what you own already.
Posted about going on a diet recently? Your fridge can help you with that too. Maybe it uses an algorithm to determine what foods are right for you to eat more or less of.
Nothing in the fridge at all? Just tell it to order some pizza, no problem. Gets sent right to your door.
All of this while the fridges collectively report small amounts of data to the big blockchain brain so that everything the neural networks inside the fridges do becomes more efficient and better refined.
It's the true Internet of Things, anons. This is the future.
We can interconnect our lives with technology in ways we never before imagined possible, all we need is the drive to create it.
We need to regain our imagination for what's possible with these new advancements, because I think we're starting too small.
Dream big, and we'll all make it some day.
I'll see you in the future, data cowboys, cause I'm already there.

>> No.15803700

>>15802375
Sure but what we have now has the same problem and without any of the pros, you can't stop crony deals but LINK minimizes that damage

>> No.15803785
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15803785

>>15802375
Chainlink solves the oracle problem; quit being a lazy nigger, start an api business (or 50), and solve the data problem.

It's going to make oil and gas look like child's play in <5 years. "Prospecting" and "mining" IoT sensors/data.

>> No.15804959

>>15803235

Better end to your analogy is that the president might have a bulletproof method of transportation from point A to point B but he might still be an idiot not worth protecting

>> No.15805020

It's not an armored car company's job to ensure that the cash in the boxes it is moving is not counterfeit, it's their job to securely move the boex.

>> No.15805056

its a house of cards

>> No.15805116

>>15803785
It solves the oracle problem? How? Has it been tested and is it currently solving the oracle problem because all I see are github commits without any work done. Just Sergey conferences where he is shilling the fuck out of Link and dumping 700k when he feels like it. The downside to investing in an ICO is trusting your money in the hands of a supplier with 65% of the coins in their wallet.

>> No.15805124

>>15802751
Kek this and the cyber techno machinations fud are my favorite

>> No.15805153

>>15802375
lambos

>> No.15805180

>>15802375
LINKCONEEEEEEEEEEECT

>> No.15805233

>>15802746
Many logistics companies and national Post Offices actually already use SAP, have signature panel data standardised and available. What you see on tracking data "online" is public and very different often from what is available internally. It's hidden on the public side as a matter of privacy law adherence and a matter of internal security.

>> No.15805255
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15805255

>>15802375
the only project that's solving anything next to LINK is NYZO

I recommend reading into it

>> No.15805266

this faggot:
>>15802751
pops up from time to time and his education is so poor you can just tell it's his writing style because of the absolute SHIT punctuation and overly verbose words that mean nothing.

kys.

>> No.15805268

>>15802375

It’s a scam dude. Ignore alts and focus on learned about how. Bitcoin works

>> No.15805294

>>15805268
this guy again
btc uses more electricity than switzerland and supposedly that's sustainable

my ass
read into nyzo like I mentioned above my dude

>> No.15805320

>>15805294

Invest in dollars then if you want a centralized scam and you don’t understand the energy consumption of bitcoin

>> No.15805332

>>15805294

Oh it IS You again! Damage control for chainlink? Have fun holding lmao

>> No.15805337

>>15805294
"Banking consumes an estimated 100 terrawatts of power annually. If bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2% of all energy consumption."

qz

>> No.15805338

>>15805332
it's hodling, faggot.

>> No.15805343

>>15803785
How?

>> No.15805354

>>15805338

No. Hodling is a term for bitcoiners, not scammers. It’s funny how shitcoiners try to copy everything, right down to our memes even lmao

>> No.15805360

>>15805354
imagine thinking BTC wasn't a tech farm
if you honestly don't believe that then you don't understand bitcoin.

>> No.15805370

>>15805360

Derpa derpa sherpa?

>> No.15805380

>>15805360

Yes yes surely there will be a place for all 1 million shitcoins! They will ALL have value!

>> No.15805410

>>15802375
Think global data providers have one host serving their APIs?
Don't think they have redundancy?
How do you think things like market data services like Bloomberg work now?
Heard of API keys?
You know nearly everything high volume on the internet is API based, and architected with redundancy, security and capacity in mind. Including ddos protection.

>> No.15805465

>>15805380
Nah they won't, no way. 95-98% will be dead.

>> No.15805568

>>15805354
>>15805370
>>15805380
Spotted the JIDF mole

>> No.15805667

>>15803012
>Yeah, you're right anon, why not just use a centralised oracle anyway. I mean, it's not like they're going to get hacked or go down right. More risk the better right.
>>15803100
this. basically while nobody knows exactly how to use this stuff, they're all investing into blockchain so that they're ready when somebody does and starts innovating it. Nobody wants to be the next blockbuster. You can see this from all the PoCs that every company is doing on blockchain related stuff.

>> No.15805677

>>15805667
fuck i meant to quote
> its faster than you think

>> No.15805722

>>15802375
IF YOUR NODE IS THE OUTLIER YOU FORFEIT YOUR STAKE AND YOUR REPUTATION IS DESTROYED ALONG WITH YOUR PROFIT MAKING ABILITY

>> No.15805897

>>15802375
>eliminate centralized tampering
>with a centralized, kyc oracle network
I think I found the problem anon