/biz/ - Business & Finance

>>17837891
i dont even give a shit anymore, let it all go to zero, im done

>>17837891
Sounds like the issue was resolved within 4 hours?

>>17837891
> Nothing works in clownworld

>>17837891
chain agnostic, dialate

>>17838028
so it can be unreliable also elsewhere, got it.
It's not the first time they fucked up:
>The human error occurred while seeking to improve the XAG/USD network by releasing additional data reliability features requiring an update to the smart contract’s configuration about the specific job IDs being run by node operators servicing the XAG/USD oracle network, leading them to incorrectly request a gold price (XAU) instead of the silver price (XAG).
synthetix was the first in adopting chainlink in December. Since then, it lost money once because of link's incorrect oracle, and recently had to shut down completely because oracles just stopped working.
https://blog.chain.link/improving-and-decentralizing-chainlinks-feature-release-and-network-upgrade-process/

amateur hour.

>>17837891
>>17838089
>chainlink failed during the congestion crisis
>chainlink was unreliable
Wrong.
See pic.

After one hour of ETH congestion (which was unavoidable), a number of Chainlink oracles kept soldiering on at a loss to themselves (5 oracles for the ETH/USD feed for instance).
If Synthetix experienced more than one hour of delay, it's because they had their threshold set above the number of oracles.

This is different from Maker's oracles, which failed outright for an extended period of time, and are not designed to be blockchain agnostic.

>>17837891
>>17838486
Specifically, this gas congestion crisis was caused by ETH getting bogged down, plain and simple.
The ONLY reason oracles encountered issues, is because gas prices exploded.

Chainlink's oracles responded by adjusting the gas fees and operating at a loss.
Maker's oracles are secret by design, and were probably just running on autopilot so they never adjusted the gas fees because there was nobody at the wheel (prevailing theory).

This is why Chainlink is superior: the oracles operate within a free market and have every incentive to be on the ball.

>>17838486
>it's because they had their threshold set above the number of oracles.

>only some chainlink oracles failed
>that means it's reliable

>Chainlink's oracles responded by adjusting the gas fees and operating at a loss.

your own image talks about one hour delay. So your defense is that chainlink was less delayed than maker feeds? What a great sell for something that was valued at billions very recently.

>fudding during a black swan
my only question is why even bother, lmao. everything will tank without your help anyway.

>>17838668
>>only some chainlink oracles failed
>>that means it's reliable
Zero oracles "failed"; some were simply not willing/able to operate at a loss due to gas fees.

>your own image talks about one hour delay
Caused entirely by Ethereum congestion.

>>17838089

It was congested eth you retard. The node ops actually paid all the high gas fees fyi.

Trial by fire and it passed beautifully

>>17838746
wait wait
>Zero oracles "failed"; some were simply not willing/able to operate at a loss due to gas fees.
so you're saying this image that was dismissed as "fud" is 100% correct? Ok then.

also
>they didn't fail
>they just not able to operate
lmao

>>17838838
Lol the fucking COPE

BASED OP
SPREAD THE TRUTH OF THE FAILING PROJECT OF CHAINLINK
GO GET FUCKED YOU LINKOID FAGGOTS AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

FUCKING SCAM L O S E R S

>>17838838
don't get baited, this dude has been at it since mid 2018 if not earlier.

>>17838837
>so you're saying this image that was dismissed as "fud" is 100% correct?
No, it's wrong.
At most there was a one-hour delay; after that even the smaller Chainlink feeds were firing again.
It was just a matter of adjusting your oracle threshold.

>also
>>they didn't fail
>>they just not able to operate
>lmao
If you can't drive your car because you're in gridlock, does that mean your car failed?

>>17839305
>If you can't drive your car because you're in gridlock, does that mean your car failed?
Except chainlink is not a car in this analogy, chainlink is a courier contracted to deliver something on time.

>>17839327
>Except chainlink is not a car in this analogy, chainlink is a courier contracted to deliver something on time.
Sure, and this gas congestion was an airliner jet that crashed onto the only road, with secondary roads under construction (ETH scaling) and even alternate road networks being on the way (blockchain agnostic).

Even couriers aren't liable for force majeure.

>>17839394
>and this gas congestion was an airliner jet that crashed onto the only road
what bullshit, that 'extreme congestion' only meant fees were up to few dollars rather than cents.
I was using ethereum at the time and had to use 300 gwei. I paid like $10 for a cdp deposit transaction. Oracles are responsible for millions locked in dapps.

>>17839394
So what you’re saying is chainlink provides no real additional value as far as being a glorified data/price puller goes?

>>17839441
>what bullshit, that 'extreme congestion' only meant fees were up to few dollars rather than cents.
The congestion also kept transactions from going through lmao.

>>17839473
>glorified data/price puller
Oracle, anon.
Go right ahead and make/use/operate your own if you want to.
It's what people did before Chainlink.

Even if you stopped fudding it would keep crashing. People fud during crashes to pretend they have some influence.

>>17839394
>>17839441
correction: it was about $5.5
If few dollar fees are enough to stop a "decentralized oracle network" valued at billions (recently, heh) it's just a joke
>>17839495
>The congestion also kept transactions from going through lmao.
That's not how it works, there's always a fee for space in the next block. During the peak it was up to 300 gwei.

>>17839473
And one example of added value is that Chainlink oracles were paying out of their own pockets to keep the system running.
Maker's secret oracles for instance did not.

>>17839517
>is that Chainlink oracles were paying out of their own pockets to keep the system running.
And do you think that is sustainable and would work/happen on a large scale? When transaction fees get jacked up even higher and a greater portion of operators are as you said yourself unwilling or unable to operate? How do you still not see the cracks? You can’t prop a project up relying on the faith of a few operators forever especially if (huge if) this thing ever starts providing its services to more than just a bunch of literal who crypto projects that see little usage or adoption

>>17839517
>Chainlink oracles were paying out of their own pockets to keep the system running.
wow they had to spend ~$5 dollars on fees during an emergency?!?
that's almost one big mac! what a sacrifice to protect millions locked in dapps.

>Maker's secret oracles for instance did not.
you know very well they just were not configured to deal with these gas prices, not that they were trying to save few dollars.

and if there's one thing Sergey can respect it's sacrificing big macs for the cause. He could never do it.

>>17839569
>And do you think that is sustainable and would work/happen on a large scale?
Yes.
Reputations of nodes will be kept on-chain, and I can only imagine bonuses will be a thing for shit like this.

>>17839585
Tell that to Maker, whose oracles didn't even do that.

>>17839513
>If few dollar fees are enough to stop a "decentralized oracle network" valued at billions (recently, heh) it's just a joke
It did not stop Chainlink though. It stopped Maker.

>>17839677
You may be willing to place that much faith in a bunch of random operators but do you honestly think any real company would do the same? When they could probably achieve the same or similar result on their own? The “””added value””” is simply not worth the risk involved. YOU may be willing to place that much faith in it, node operators may be willing (obviously) but that doesn’t mean anything beyond some low adoption crypto’s will and really thats all that matters

>>17839757
you already admitted it had a one hour delay + synthetix had to shut down completely, because
>some were simply not willing/able to operate at a loss due to gas fees.
>>17838746

>>17839787
These guys probably think a 1hr delay is acceptable and normal

>>17839764
>but do you honestly think any real company would do the same?
Well yes, see Google and Oracle for instance. And everyone in pic.
Also, legacy centralized systems are MUCH more unreliable.

>>17839787
>you already admitted it had a one hour delay
Because transactions weren't going through.
That's what gas congestion is: tons of demand for transactions with low supply.

Beyond the bottleneck that was ETH at this time, Chainlink performed beautifully; unlike Maker's oracles.

>>17839795
they are used to waiting in the cuckshed for the bull to finish while playing with wife's son

they've brought the quorum requirements down to 7 from 12 after this
check Twitter

Chainlink is useless piece of shit

>>17839804
>Google
Yup you just lost all credibility there. And the oracle PowerPoint might be real but I think everything that’s happening now has probably put a huge spanner in the works of that. So even if it does ever get integrated will be a loong time, nobody will want to be spending money on a speculative asset of dubious merit given the current situation

just sold. i feel sick

>>17839845
>>Google
>Yup you just lost all credibility there
lol k

>>17839828
>they've brought the quorum requirements down to 7 from 12 after this
Good.
This is an arbitrary number to begin with, but 12 was a bit overkill.

>check Twitter
link?

bravo
you guys are finally figuring out how link is fucked from the get go because eth can't scale

>>17840004
>Link is fucked because eth can't scale

See pic.
Also, Link is designed to be blockchain agnostic.

>>17840025
is it live?
no

>>17839947
>google blogpost explaining how chainlink and ethereum can use their big query platform
See this is what I mean, you retards just take a mention of chainlink or any other project to mean “hurrr adoption and partnership”

>>17840038
cope

>>17840037
>because of scaling issues, Link is fucked in the future!!
>b-but those scaling solutions are only for the future

both of these are you

>>17840075
>cope
And this is how you know someone has no reply kek. Thanks for the good time anon, was entertaining seeing how many different excuses you could come up with for not selling at or near the top of a near parabolic inorganic price pump

>>17840075
it's still not live

>>17840025
thanks for reminding me to double down on my Loopring!

>>17840100
shhh no tears, just cope

>>17840365
You're welcome.