/biz/ - Business & Finance

>>18500761
sergay betrayed us all, we were supposed to be all in this together

>>18500761
>smart contracts must mean link!
Retard

>>18500761
>Linked
>Link

>>18500771
>retard, we are still in this toegether

>>18500795
well duhhh show me one other viable oracle solution, that isn't a centralized piece of shit?

>>18500795
>smart contracts must mean link!
the absolute state of link cultists

>>18500795
>smart contracts must mean link!
correct

>>18500839
if only you knew hehH

>>18500795
>>18500795
Yes

>facebook
Who?

>>18500795
Name another way major smart contracts are (successfully) getting pricing info?

>>18500832
Free and open source link fork?

>>18500889
DYOR.

>>18500761
its amazing how retarded this board has become. Protip brainlets a stablecoin that isn't decentralized doesnt need a fucking price oracle

>>18500761

>>18500889
>implying you need an oracle to tell you that the price of a dollar is a dollar

>>18500795
You realize smart contracts need to get price data in a somewhat decentralized way or there’s no need using a smart contract.

why is this thread so much more successful than mine

>>18500761
also smart contracts doesn't mean smartcontract.com. the author is being clever or hes a fucking nitwit and didnt do his due diligence

>>18501004
Because you posted a meme image

>>18500977
This is why I don’t like chainlink tweter

>>18500990
>>implying that the stable coin dollar is a dollar
You must be new to crypto. I doubt very much Facebook is willing to bet the ranch that that's always true

>>18501039
>bet the ranch.
Ohh shit, the cat is out of the box!

>>18501004
No I liked your image more bro

>>18501039
have you literally not done any DD on Libra's new proposal? the stablecoins are backed 1:1 by various central bank currencies. pls educate me on why price oracles are needed

>>18501073
thank you fren

>>18501077
The stable coins will be tied to currency prices through smart contracts, which will need to be supplied with information on fluctuating currency prices through an oracle. Use your brain next time man

>>18501215
>The stable coins will be tied to currency prices through smart contracts
no retard theyre backed 1:1 to the underlying currency. this isnt Reserve Protocol i.e. not decentralized

>>18501313
according to op’s image, smart contracts are mentioned in the whitepaper

>>18500761
We have known this since 2018s

This is probably the reason why they are FUDing hard again

>>18501474
24hr volume is 572mil. There is no reason to fud unless someone is paying you in Rupees.

>>18501562
>assuming people are rational

“I am not gonna talk about what we are doing or not doing for libra” - Sergey Nazarov

>>18501455
>implying Chainlink has a patent on smart contracts
jesus christ you linkies are fucking retarded. the smart contract is used to tie the Libra coin to the basket of ONCHAIN stablecoins. an oracle aka external feed is not needed

They use FTM and LINK

>>18501723
I’m not the retard insisting smart contracts weren’t being used

>>18500832
I've been holding link for over two years and will tell you right now with confidence that the development resource at the disposal of facebook could cook up an "oracle solution" for their basket of currencies without need to integrate an ETHEREUM TOKEN.

LIBRA IS CENTRALIZED THEY WONT USE A DECENTRALIZED ORACLE. SAGE.

>>18501795
I never said that. you seem to be one of the special types that assumes that smart contracts = Chainlink by default

Anyone have that clip of Sergey saying "Hyperledger will need oracles... Libra will need oracles.." ??

>>18501804

LINK is their oracle solution DYOR

hint evan [redacted] works at [retacted]

>>18501851
chainlink does own the smartcontract webdomain

>>18500889
bsv? and it's patented

>>18501920
wow I really am talking to a retard. I shouldnt have to tell you this, but smart contracts aren't a novel concept they came up with

>>18501723
cool and how are those stablecoins tied to real world assets?

>>18501883
they changd their minds to save face after congress threw the book at them

>>18502091
oh yeah? then why are they the industry standard? checkmate

>>18500761
Facebook will never use a third party specially centralized Chainlink, they have thousands of developers hence able to develop anything at their own. There's no reason for a multi billion company as Facebook which is greater than the size of the whole crypto market combined to allow a third party become more superior to their own issued "coin" when they can achieve the same thing at their own pace.

>>18502594
To make it cheesier, Chainlink is open source so is Ethereum it takes practically close to a week to clone and modify it for your own purpose and then rename it to Facebook chain as an example. If Facebook was to truly deal with third parties then Libra would've been a erc-20 token, but it isn't.

>>18502594
literally shut the fuck up

>>18502594
https://www.initc3.org/partners.html
cope

>>18500761
>Its happening isn't it
Global regulators called for the project to be stopped in its tracks
You have your answer here

>>18502717
All it takes to become a "partner" is literally filling out a form and being approved (in most cases not necessary), then you can post meme logos on your website and pretend you're entitled.

>>18500761
I hold a bunch of LINK but this shit is gay as fuck
>The Libra network will now also have a comprehensive anti-money laundering and anti-terrorist protocols. It will be able to enforce sanctions over coins on the network, under requests from law enforcement. As a result, the coin will no longer be permissionless.

>>18500795
>smart contracts must mean link!

>>18502594

then explain why facebook uses amazon web services

>>18502696
you are actually retarded. in order to do this they would need nodes with companies already secured. protip. they don't. but guess who does?

ctrl-f "Chainlink" 0 results
oh linkies...

>>18502833
Brief me on what a node is, you're certainly clueless. Having operational nodes would be the last thing worrisome for Facebook. It took Chainlink 2 years to build centralized oracles, is that impressive to you?

>>18502958
and LIBRA hasn't rolled out yet and it'll be a year in june. whats your point?

>>18502958
>centralized
and you're clearly baiting, good job faggot u got me.

>>18503046
I stated earlier what my point is, Facebook will never pass their superiority to someone else when not necessary. What's impressive is the Blockchain team they've built thus far, managed to build Libra within months in addition to that have big name partners such as Visa, Paypal, Mastercard and the list goes on.

>>18500761
delete

>>18502781
I swear I've seen a Sergey version of this.

>>18501077
Are people really this stupid at this point?

God damn it...all these niggers and whores don’t deserve $3 Link

>>18502452
the same way as all the other stablecoins that dont use chainlink. there's a fucking centralized reserve

>>18502774
>people should be able to use our medium of exchange that we built with our own resources to do shit we don’t want them to do!!
>I should be able to do whatever I want for free!!
>I’m entitled to the resources and infrastructure developed by others to do whatever I want!!

Are you 12 or just a nigger bitch?

>>18502557
theyre not the industry standard for smart contracts retard. In fact theyre not even a standard for smart contracts at all. theyre an oracle service

>>18503289
wew

>>18503247
They are using smart contracts for the price regulation, not arbitrarily printing more based on purchases or something. This is automation. If you can’t understand how this will work and why oracles are necessary, you don’t understand smart contracts. They are going to have to input lots of data into these smart contracts...you have to use oracles to do that. They’re either making their own or using ChainLink. The only two possibilities.

My money is on ChainLink because if they make their own, some people will know how to mess with that data entry unless they have been developing their own sophisticated, secure oracle mechanism without publishing anything about it. In that case, what governments or businesses are going to trust that system when they can use trustless systems...?

>>18503196
lmao they will just build their own oracles. link maxis are the fucking worst

>>18503295
Smart contracts are literally useless and stupid without secure oracles. No one is going to use a shitty, slow blockchain if they are not getting the benefits of increased security.

>>18503247
>all the other stablecoins that dont use chainlink
You mean like Maker/DAI?
That uses oracles.

>>18503429
Why do you argue against your own investment?

>>18503425
Great post anon. These nolinkers cope so hard. They literally are either willfully ignorant for cope or they just cannot comprehend what Libra's white paper says.

>>18501004
I was 100% pumping your thread but then this thread happened.. and.. you know..
Well, basicly your thread sucks..
Sorry I had to give it to you like this but.. yeah, your thread sucked whore used anal beads..
And the smell was horrendous bro !
Like WTF were you doing there !!??
Were you trying to kill us all bro !!??
Screw you bro !!
For real, what the hell is wrong with you !!??
Damn !!!

>>18503425
Lmao it doesn’t need price regulation. There’s no underlying basket of fluctuating assets. These stablecoins are backed 1:1 by central bank currencies that are placed in a centralized reserve. How dense are you faggots?

>>18503518
If you can’t tell the difference between DAI and USDC you’re completely hopeless. Protip Libra falls in the latter category

>>18503999
because central bank currencies are stable. brainlet.

>>18504110
omg. Listen a USD stablecoin that is backed 1:1 by actual dollars in a reserve doesnt require an oracle to let us know that its worth a dollar. How is this concept so difficult to understand? If what youre saying is true, every other centralized stablecoin would need oracles (which clearly they don't)

>>18504043
>>18504176
>The reserve allows users of the system to enjoy a relatively stable medium of exchange from the start. At the same time, it also represents a centralized function. For the network to be fully permissionless, the association will have to explore ways to further distribute and decentralize the reserve, including automating the verification of the assets in the basket and the process of minting and burning of coins.

https://libra.org/en-US/permissionless-blockchain/#open_technical_and_economic_challenges

>>18504176
That isn’t how these currencies are going to work

>>18504267
This is outdated you fucking idiot. The new proposal clearly states that it is no longer permisionless and never will be. Their old proposal for Libra was a synthetic asset that was pegged to a dollar but backed by a basket of fluctuating assets. That would’ve required an oracle. This new proposal does not

>>18504297
Read the new whitepaper and then get back to me

>>18504318
>The new proposal clearly states that it is no longer permisionless and never will be.
You don't know how to read.

"Some of the most important objectives of a permissionless network that we propose to incorporate are the ability of new entrants to compete for:
The opportunity to run independent validator nodes that increase the security and reliability of the Libra consensus protocol by having non-correlated failure risks."

>>18504318
why bother anon
these tards will keep believing what they want to be true

link is an enterprise killer.

>>18504355
pic related dumbass because you keep posting outdated shit. also read this headline:
https://cryptobriefing.com/facebooks-libra-concedes-regulators-longer-permissionless/

>>18504334
I did read it. What am I wrong about? Cite the page.

>>18504438
>you keep posting outdated shit
This >>18504355
is literally from the new whitepaper.

>>18504334
Literally just read page 1 and see how the currencies’ values will be derived (hint: it isn’t a reserve of those currencies). Furthermore, how do you suppose the value of LBR will be determined?

It’s pretty funny how many people just read stupid headlines and short articles and think that gives them pertinent information.

>>18504439
Read all of section 04

It doesnt need oracles you mongloids. Read the mechanics section: it has 1:1 reserves of the cash and short term sovereign (A/AA+) debt for that particular denomination: so, for example, if there are 2 libra coins and each libra is backed by a basket of .5 euro and .5 dollar there are a dollar and a euro backing these two libra. Where is the oracle in this situation? FB chooses the ratio of currencies backing it as they see fit. Centralized. No need for data feeds, self contained.

Believe me, I’m pissed about it too, been holding since ICO and I thought libra was the best chance at massive enterprise scale demand for the network

>>18504438
>>18504318
What they want is things like compliance, due diligence, accountability.
This does not mean they won't be using things like oracles; they literally say they want "independent validators"
They're simply going to require things like KYC for instance.

>>18504587
‘Independent validator’ is a node. They have members in the libra community; they will run nodes. These members are things like banks.

Calibra gutted any chance for speculative adoption. I’m pissed

>>18503186

>>18504556
>>18504586
I did. You’re both trolling or deliberately fudding. The white paper clearly says they want to make the network open to third party smart contracts in addition to the native smart contracts they will allow initially.

It is already known that ChainLink has ties to Libra. I wonder which company is going to provide the oracles for these third party smart contracts? I wonder who played rolls in the development of native smart contracts.

If this isn’t bullish to Link, IDK what is.

>>18504586
THIS

>>18504610
The principle applies to oracles as well.

>>18501004
Kek

It’s all incredibly bullish for Link. Especially the part where they hope CBDCs will replace the native Libra stable coins. No one is gonna trust insecure oracles to make those transactions.

>>18504556
Why don’t you actually read the white paper?

>>18503074
it's literally proven to be centralized. how low is your iq?

>>18500761

token not needed retard chainlink is a scam and so is libra

>>18503425
centralized oracles are like 5 lines of code. why dont you learn to code brainlet dunning kruger?

>>18500969

HAHAHAHAHAHAHAHAHAHAHH THIS

YOU'RE ALL A BUNCH OF NEWFAGS HOLDING CHAINLINK

KILL YOURSELVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>18503581
learn to code, centralized oracles are valueless and take 5min to code.

you have dunning kruger syndrome

>>18501004
I went over there to take a look after I read your comment. How the fuck do you not understand the reason? Your OP was complete shit.
A fucking bloated meme image that no one is gonna bother deciphering. You should have posted a screenshot with the relevant part of the article if you wanted it to be taken seriously.
Your title is some generic ass "why aren't we talking about this" or whatever, that most anons are going to straight up ignore, instead of a proper "LINK + Facebook CONFIRMED".
You left the page link at the end of your post, after a big ass greentext, so it doesn't even appear when looking at the catalog, so people won't even open your thread and just assume you're writing some shit our of your ass.
Take a fucking clue and do better next time.

>>18505160
The very basic core of Chainlink's "security model" is its decentralization.
That's the absolute first thing about Chainlink that prevents a bad actor from shitting up the oracle output.

Vitalik is a butthurt faglord.

>>18504761
Ah, in that case yeah. Perhaps I misunderstood; my point is that there is no innate need for calibra to use oracles. Third party derivatives on top of calibras blockchain? Sure, they probably will.

>>18504795
The nodes envisioned by calibra are for their blockchain. They validate changes to calibra. Not bring data onto it.

Who are worse?
Jannies or linkfudders?
They both work for free but linkfudders are either doing it thinking that someone they can accumulate more by stopping there fellow anons from buying or they are being paid by (((them))) making them traitors and shills. This is misguided as the volume produced by anons is miniscule compared to other groups. Linkfudders are scum.
Also if you do not know about the Facebook connection, the head of engineering at Facebook is an advisor to chainlink.

>>18505221

>they claim the security model is decentralized on a piece of paper therefore it is

ya you guys are drooling retards

ITS
A
FUCKING
SCAM
IDIOTS

>>18505303
that chink was an ico speculator that wanted free tokens. He advised Quantstamp too (inb4 you tell me Facebook is incorporating QSP)

>>18505211
lol

>>18505321
It's not a "claim".
Chainlink's mainnet had three nodes on day 1. It was never not decentralized.

>>18505414

there's no game theory if the nodes are KYC and not staking anything idiot ROFL

YOU GOT SCAMMED MORONS

>>18505303
>Who are worse?
>Jannies or linkfudders?
Definitely linkfudders. Their desperation is smeared out for all to see?

Remember when they flooded the catalog with that porn chick?
They were trying so damn hard, one of the biggest /biz/ happenings in a loooong time.
And what did they get for their trouble? Link pumped later that day. Against the market.

>>18500761
I saw Sergey at a grocery store in San Francisco yesterday. He was in the candy aisle driving around on a motorized shopping cart and I told him how cool it was to meet him in person, but I didn’t want to be a douche and bother him and ask him for photos or anything. He said, “Oh, like you’re doing now?” I was taken aback, and all I could say was “Huh?” but he kept cutting me off and going “huh? huh? huh?” and closing his hand shut in front of my face. I walked away and continued with my shopping, and I heard him chuckle as I walked off. When I came to pay for my stuff up front I saw him trying to ride out the doors with like fifteen Milky Ways in his hands without paying. The girl at the counter was very nice about it and professional, and was like “Sir, you need to pay for those first.” At first he kept pretending to be tired and not hear her, but eventually he turned back around and after nearly running over a small child without apologizing, brought them to the counter. When she took one of the bars and started scanning it multiple times, he stopped her and told her to scan them each individually “to prevent any electrical inference,” and then turned around and winked at me. After she scanned each bar and put them in a bag and started to say the price, he kept interrupting her by yawning really loudly. Interesting man, but do we really want to be investing our money into this man?

>>18505432
>IT'S NOT DECENTRALIZED!!
>ok so it is decentralized, BUT THERE'S NO GAME THEORY!!!

squirming hard.

Cryptos can never be currency unless backed by a government. No matter how you tards jump through mental hollahoops it still remains that crypto’s only value is being a commodity traded and shilled by whales who’ve utterly convinced retards like most itt that crypto is the future when it’s government crypto that’s the future. When altcryptos goes out of fashion it will all crash and the only real cryptos will be government coins.

>>18505493

HAHAHAHAHAAHHAHAHAHA imagine being so dumb that you think 3 nodes staking nothing means "decentralized"

god you guys are babby's first day in crypto literally 3 fucking years later still

>>18505565
You're like a neomarxist the way you keep trying to change the definition of a word.

>>18505598

ok here i'll break it down for you babby's first day in crypto

if 3 big banks agree on the state of the dollar ledger

is the dollar ledger decentralized?

>>18505628
They're supposed to agree you absolute trenchbrain.

>>18505664

but all 3 chainlink nodes are supposed to agree?

god you guys are so fucking pathetic it really is a fucking sad thing to watch

>>18505687
Yes, they're supposed to agree.

Not a larp but I’m sure some of you will call it that.

In 2012 I was approached on 3rd street and Cresent Heights by a man wearing a turban and called me by my school nickname in napal. It got my attention, I’ve never seen this man before.
I ask do I know you? He tells me I need to call my dad. I asked again who are you? He tells me he is a clairvoyant and my dad was sick. I called my mom and sure enough my dad was at a doctors visit. I hung up and talked to this man for 5 more minutes. He told me I would work in telecommunications, which was way off at the time but 2 yrs later a friend invest in a radio broadcast and asked me to help out. The man also told me I had a gay child which was correct, told me my dads brother committed suicide at 17
Also said I’d live in a geode town.
4 yrs later I moved to a town called Rockville due to a job transfer.
The napal man also said in this town
I’d get tremendous wealth from tickers , triangles ,cubes and links. He used geometry which was weird. I didn’t realize till 2017 that crypto matched these descriptions.
Anyway, I can confirm that a clairvoyant/psychic seen us make it.

>>18505722

so if all 3 nodes agree on the state of the ledger while staking nothing that's decentralized in your world?

ok guys

ok

wow

sure got us nolinkers! LMFAOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>18505687
anon we are hopelessly trying to spoonfeed a bunch of literal children who think that smart contracts & Chainlink are interchangeable concepts. We should probably give up

>>18502756
Isn't being naked in Singapore punisbable by hanging?

>>18500839
how you feed external info to a contract in a trustless way?

>>18505782

yea probably, it's just sad as fuck but i guess they will all get what's coming after they flooded the board the past couple years

>>18505802
the answer to this is quite simple....you can't

>>18505746
They're supposed to agree, yes.
That's how decentralization works; by finding consensus.

>>18505841

NO FUCKING SHIT

the problem is if you are staking literally NOTHING the ledger is CENTRALIZED just like the US DOLLAR DUMB FUCK

in bitcoin the miners are staking ENERGY and nobody running nodes trusts each other

jesus christ have fun losing all your money on a shitcoin scam i guess

>>18503429
You're an idiot and I can't wait until you kys when it hits $100.

>>18505841
wew I thought you were trolling at first with this shit but now I can see youre clearly not. A mere 3 nodes doesn't make a protocol decentralized, not even close. Thats like saying the Russian oligarchy is decentralized. RETARD

>>18505868
What do Bitcoin nodes stake?

>>18505896
>A mere 3 nodes doesn't make a protocol decentralized
Of course they do.

>>18505905
>implying collusion between 3 people isnt possible
seriously what the fuck are you thinking?

>>18505934
Collusion between a million people is also possible.

>>18505905

holy fuck babby's first day in crypto again

miners (nodes) are staking energy

do you need more help still? i can spoon feed you and all the rest of the chainlink cucked faggots all the way from here

>>18505952
>miners (nodes) are staking energy
Because oracles don't need electricity?

>>18505946

if it costs nothing to collude the 3 nodes will all agree dumb fucking rock head

DeCeNtRaLiZeD cHaInLiNk NoDeS

>>18505974

LMFAO nice troll, nobody can be this dumb, fuck you got me lmfao

>>18505952
Your family is worried about you anon. You never come out of your room anymore. Every night we hear you yelling and sobbing about something called linkchain. We understand you're upset you didn't get it at twenty cents. We understand others are making money. But most of all, we miss. Please come out.

>>18505991
>if it costs nothing to collude the 3 nodes will all agree
They're supposed to agree.

And Chainlink nodes always had a cost associated with misbehavior.

>>18506023

bought at .17 and sold for bitcoins LOL cope i know it's a scam dumb fucks, you guys are holding until it crashes to zero because you're deluded

>>18506027

they are supposed to agree by staking something of value RETARD DRONE

LOL

>>18506112
So far they've been "stakimg" their irl reputation.

>>18506091
Anon? Are you awake? I'll just slide your dinner under the door.

>>18506091

I laugh. Every retard makes their imaginary Link buy in price 17 cents. Nobody believes you. Nobody loves you. End it.

>>18505905
>Of course they do.
No, learn to code brainlet.

A decentralized protocol allows anyone to participate AND accomplishes sybil resistant consensus without ANY central party being able to censor or be needed to KYC.

Chainlink is literally none of that. It has 0 sybil resistance and literally will always require KYC to be "secure". It is literally centralized

>>18506141

lol no. you're deluded as fuck kek!

>>18506217

hahahah just hodl bro! your gains are price in fiat cash out at $1000 EOY!

>>18505221
kek learn to code, you have dunning–kruger.

Chainlink is NOT decentralized. AWS has millions of "nodes", and they are all KYCed by 1 person, Jeff Bezos.

Chainlink is literally the same thing. Multiple nodes, KYCed by 1 person. It's not open. It's not decentralized. It's not secure. It's not sybil resistant. Hence why it has 0 users.

You're literally disagreeing with the programmer who created the p2p protocol that your "genius" founder Sergey completely trusts to build his entire company.

You're the embodiment of dunning–kruger.

>>18506301

BAHAHAHA that faggot and all the chainlink holders just got owned

>>18506222
>>18506301
Oh good, the redditspacing "learn to code" fudfag is back.

>>18506217
cope. imagine not getting a suicide stack for $200

>>18506453
Back t󠛡o reddit

>>18506549

reddit won this time

better sell faggot

the OG's here hold bitcoins

you're from fucking reddit

KYS

>>18506540

imagine thinking $200 in scam coins will save you

>>18505479
Nice

>>18503708
KEK

>>18501883
hint evan cheng works at facebook

>>18506614
*$3400

>>18503708
Lost it!

>>18501716
>Can neither confirm nor deny

Oh shiiiitttttt, ids habbbediiiiiinnnnggggggg!!!!

we will indeed make it. Kek wills it.

>>18506961
$1000 EOY and fuck me big news

>>18506453
if team really dumped that much token this is the most bullish thing ever happened.

>>18501837
this. isn't the libra network, like, 12 nodes? why would they use a decentralized oracle network?

>>18500832
BAND PROTOCOL
Your move faggot.