/biz/ - Business & Finance

>>18558520
Chainlink will flip Ethereum soon. Chainlink is above everything that Vitalik has created

>>18558573
>posted from an ERC-20 token

>>18558573
been waiting for him to OD maybe that will be the final push

>>18558597
Ethereum as a platform is finished, soon there will be two ETH tokens. Chainlink is the future

>>18558597
How will smart contracts work without real world data?

ETH needs LINK

LINK doesnt need ETH

If makerdao adopts link we will see a huge buy pressure in the coming weeks and all that link will be locked
As comfy as it gets
We going 15+

>>18558711
no one cares about link outside of like 4 autists that keep shilling it here

>>18558520
>>18558573
>>18558597
>>18558603
>>18558630
>>18558683
>>18558711
considering Vitalik has confirmed beyond a shadow of a doubt that Chainlink is centralized and will NOT be the "one" oracle solution... no it won't

>>18558520
LINK being used as collateral isn't the same as Maker using chainlink oracles, still bullish though

>>18558520
on aave, if you use link to get a loan your liquidation price is based on link. since maker is multi collateral, will your loan liquidation be based on more than link's price?

>>18558711
yea i'll take long positions on Maker as well as Aave if that's the case, feels a little uncomfy keeping all my shit on one app even if Aave is rock solid

>>18558760
moneyskelly is afraid of the moneybelly

We already won

>>18558683
Sure thing shlomo Im sure the decentralized oracle network will port to the centralized shitcones like NEO TRON or EOS. You fucking dumbass.

.t OG LINK MAXIMALIST

>>18558785
it's based on whatever collateral you're using, if im not mistaken, CDPs can only be opened off of a single collateral type, but if you could have multiple collateral types (ETH, BAT, USDC, LINK), then you would just need 4 price feeds to calculate the USD value of the collateral, seems like collateral would be liquidated in equal percentages or you could tweak some dials when you open the CDP regarding liq priority or something like that

>>18558683
You're not wrong, but at the moment ETH is the smart contract platform of choice can a long way

>>18558799
Blockchain agnostic

But yeah ETH will be the most used cryptocurrency for smartcontracts

>>18558825
thanks.

>>18558573
>>18558630
>>18558683
>>18558711

Explain how Chaimlink can wholly 'port over' to another blockchain. It can only read events from other chains. If Ethereum ceases to exist, so does your 'decentralized' oracle network. None of you have any experience in building anything on Ethereum. Non-Ethereum Chaimlink will basically be a new project.

Nobody is going to be able to answer this.

>>18558760
nth time this has been pasted here.
whats your game chap?
you really expect me to believe anybody actually cares genuinely about people getting scammed?

>>18558520
>collateral

Use it as an oracle you fucking retards

>>18558859
>Chaimlink

>>18558845
That or hyperledger.

>>18558520

Scam coin thread

Sage

>>18558875
Its not a coincidence.

>>18558870
They will. Knee will be bent

>>18558886
Why haven’t they yet?i get the token is supposed to be used for collateral. I want network usage for an actual stress test. Using it in this way is so shortsighted.

>>18558711
They are not adopting shit by using link this way

>>18558859
Chainlink is built to be modular. To port to another blockchain, all it needs is the onchain component and a bridge that locks tokens on ethereum/unlocks on the new chain

>>18558884
Based.

>>18558520
i am putting 42 mill into link tonight.
for makerdao

gold bullion
plutonium
and all essential ore mining
going directly into chainlink.
this shit is going to make google stocks look like a fucking tooth fairy paying a visit to gumby gumbo

>>18559270
Based

>>18559087
Pulling out babble from your anus won't work with me. Saying vague shit like
>the onchain component
will not fly with me. Besides, you're talking about porting over while the Ethereum chain is functional. If Ethereum gets nuked out of nowhere, it won't be able to port. The whole point of this topic is security and ensuring the shitcoin survives in a bad event. This would not be attempted because Sirgay got bored. If Ethereum gets nuked its already too late.

Chainlink isn't blockchain agnostic. It will remain dependent on Ethereum for everything.

>>18559360
Bro your talking with a brainlet that reads articles and only understands enough to repeat what he read. Wasting your time

>>18559270
make a thread when you're about to hit buy, how many exchanges your spreading your buys across?

>>18559360
>Chainlink isn't blockchain agnostic. It will remain dependent on Ethereum for everything.

Arbitrum Protocol.

>>18558573
You mean NuLink

>>18558760
>considering Vitalik has confirmed
So your entire argument is that Vitalik so and therefore he cannot be wrong? Plenty of extremely smart people have been wrong before

>>18558875
>>18558884
Kek, I link marine but gotta give credit where its due. Pretty clever, this.

>>18559771
So it'll depend on this literallywho already deprecated vaporware for Ethereum? What does this have to do with Chainlink porting on-chain to a different blockchain? What part of Ethereum no longer being functional don't you fucking understand? You're stupid.

>>18559914
Its an objective fact that almost a year after mainnet the Chainlink network is comprised of 21 nodes that have been individually vetted by Chainlink. There is no amount of gymnastics you could employ to try convincing anyone that this is a decentralized network.

>>18561801
>21 nodes
oh no no no
https://market.link/search/nodes?page=1
Your fud has no power here

>>18558793
SERIOUSLY, WHO IS KEEPING ALL THEIR SHIT IN DEFI RIGHT NOW? INSANE

>>18561948
Wow, what an upgrade. I think I found Sergey's personal node. I love how everything with this project has a joke lingering somewhere, the jokes truly write themselves. Pic related. Just like Fernando's Fifty, 90% of these are made up bollocks with no activity. As all of this vetting is of course private (incredible decentralization right there), nobody knows who or what these 'nodes' actually are.

For instance, here's something from one node operator, Stake.Fish.
>"We are the leading staking service provider for blockchain projects. Join our community to help secure networks and earn rewards. We know staking."
Despite their site only coming to life after a 2 year stagnation FIVE DAYS AGO. Not to mention the usual assortment of chinks and random females with zero online presence anywhere else. Every time one of you linkoids tries to refute me or prove me wrong, you instead just show me more hilarious material that I hadn't seen before and your efforts backfire.

>>18562221

FUCK STOP STOP STOP BUYING LINK REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE WTFF $2.50 WHERE?

>>18558760

>>18558520
>>18558573
Lmao keep dreaming. Eth is dogshit but not an outright scam

>>18558884

>>18558683
Lmao. Oracles are useless.

You need currency in crisis. Imperial is the next currency.

>>18559360
No, dumbass.
The tokens are cryptographically fixed even if Ethereum went down. They would simply migrate the contract to another chain, issue another ICO where old link tokens could cryptographically be proven to have existed on the Ethereum network at time of failure and confirm ownership, then issue a swap for new tokens. The network would be paused momentarily, but that’s it.

Most likely this will never happen. Ethereum has too much backing. Even if it were to happen, it wouldn’t crash instantly. And even if it did, what I explained above would be the solution.

>>18562342
>simply migrate the contract to another chain
>simply migrate
You're too fucking retarded to see that this IS the problem in the first place. The sheer arrogant idiocy of linkoids never ceases to amaze.

this is the top linkies, youve been warned

>>18563319
You rewrite the contract for another chain
Add a body method for validating and issuing token exchange
You’re a retard
Write at least one smart contract before you go full retard spewing shit out of your mouth

Lose again to the new low cap challenger Tellor. kek and cringe.

Came in looking for mention of Tellor. Did not leave disappointed

>>18562221
>For instance, here's something from one node operator, Stake.Fish.
>Despite their site only coming to life after a 2 year stagnation FIVE DAYS AGO.
Well that's bullish, isn't it? If they're firing up their service now?
Also, their CEO's name is Wang Chung, so they've got that going for them.

>>18563992
>wang chung
>tonight
Coincidence?

>>18558683
>ETH needs LINK
Why would you run a decentralized smart contract only to then use a centralized oracle? It makes no sense. Ethereum will need a decentralized oracle, and that is not Chainlink.

>>18563680
Source?

>all these retards pumping LINK
most of you arent in on the scam. I hope you dont have money in it and are just larping

>>18558859
Your post shows you have a very low IQ and know nothing about how link works.

>>18564121
the only way to successfully launch any oracle network is from the top down with respect to real-world trust. If you could launch a perfectly coded, perfectly transparent, perfectly decentralized oracle network right now you would still lose to chainlink. An oracle network must first have the buy in (and implicit pledge to perform) of those agencies with the most real world trust. The network which harvests these residual trust sources from the real world is the one that wins, and the one that wins is the de facto monopoly because those that can't harvest this resource must traverse the sybill period to launch...

>>18558760
This faggot knows he's had a negative sentiment towards ChainLink for the longest time
It's obvious he's bent the knee and is trying to backtrack now.
The guy straight looks like he's been getting high and jerking off to cartoon porn for 3 years straight. I can't really blame him for having so much success at such a young age.

>>18558520
The secret /biz/ discord link is discord gg CpqQw7b
Get in here before we close the invites
We have a interview set up with the infamous Sergey Nazarov (chainlink founder) tomorrow
bddh

>>18558683
We weren't supposed to spill the beans until stealth mode is over anon

>>18558760
Vitalik is irrelevant

>Mumbai time rolls around
>DetectiveAnon starts posting

Makes you think

>>18562335
>he thinks we’re in a crisis
Wew

>>18564625
FUCK
OFF

> as a collateral
Who gives a shit

Them bending the knee would be if they started using link's oracle network

>>18558760
>hurrr Vitalik says Chainlink is centralized
Nick Szabo (the inventor of smart contracts) says ETH is centralized.
Now what.

>>18561801
Those nodes being vetted by Chainlink in no way implies they are not independent you absolute dumbass.

>>18558520
DeFi is a memeFi

>>18565482
Literally WHO

>>18565774
Literally the inventor of smart contracts.

>>18565774
jesus this board has sunk low

>>18558573
>a fucking token

>>18558683
>link doesn't need eth
>link will just work without it's blockchain and token
i've read some stupid things in link threads but this one is near the top

>>18558683
>multiple sources will publish to the blockchain anyway
Link is literally irrelevant.

>>18565883
Link will work with any blockchain.
And Link tokens can be migrated to another chain in a day.

>>18565885
And why would you trust the oracles of these sources?

>>18565482
Szabo is pissed that Vitalik didn't build on BTC, that V. had an IPO and now tons of money and that he, Szabo is out of the picture.

I know /biz loves the extremes, but I don't read too much into it. Szabo is no fool, but he's only human after all.

>>18565894
i think you guys don't understand what blockchain agnostic means
it means other blockchains can be read from and use the network

it still requires ethrum tx to settle the chainlink token movements when staking and creating and being paid for jobs at the end

>>18558859
This. Chainlink the team is agnostic in the sense that they can work on any chain, but the value of the token on that chain won't be valued the same as eth/link. All this really means is they can run the same premine scams on every other ponzi platform out there and there are A LOT of them.

>>18565919
>Szabo is pissed that Vitalik didn't build on BTC
lmao, bullshit.
Szabo is constantly shilling other cryptos.

>>18565925
Wrong.
See pic, which is from the 2017 whitepaper.
There's really no excuse for you to be this ignorant.

>>18565952
>intend
buzzwords that won't work in reality

>>18565994
copeseethe

>>18565894
Because I paid them to provide me with the data. If they want continued business with me they'll provide accurate data.

>>18565999
so i assume it's live right now anon?
is there some other shitcoin network is running on the chainlink oragle network without the requirement of the erc20 token (native to ethrum) sitting in your wallet?

>>18566025
If that one oracle craps out or is messed with, it's game over.

>>18566026
>I won't admit to misunderstanding Chainlink
>so I'll complain about Chainlink not being a finished product yet

seethecope

>>18566044
So purchase data from multiple providers. Though if you don't trust the primary source to publish the correct data on chain, then idk why the fuck you'd be using their data in the first place or expecting third parties to somehow provide data that is more accurate than the primary source.

>>18566094
>So purchase data from multiple providers.
Still the same problem: a single oracle per source.

>>18566104
If Bittrex publishes data to the blockchain I'm going to trust their data is more correct than a whole lot of unnecessary "link nodes" grabbing data and republishing it second handedly.

>>18566044
i didn't misunderstand anything, it says right there in your picture
>intend for it to support
doesn't mean it will
3 years and it's still only on eth
>cross-chain interactions
it doesn't explain anything at all except what i interpret as other shitcoin smartcontract blockchains can bloat the ethrum chain even more than kitty collecting

how do you think sergoy will handle another blockchain/wallets/token?
you assuming you get them for free for being a linkie?
personally i think he have another ico (scam)

>>18558864
He thinks vitalik is his boyfriend

>>18566155
Single oracles are single points of failure and abuse.
Regardless of who runs the oracle.

Plus, if the oracle operator knows what data is being used (which would be the case if Bittrex was running its own oracle), that also leaves the door wide open to abuse by Bittrex staff.

>>18566188
>intend for it to support
>doesn't mean it will
This is turbocope.

>it doesn't explain anything at all
It literally says the backend is ETH at first, but that any smart contract platform will be usable as backend in the future.

>how do you think sergoy will handle another blockchain/wallets/token?
"Blockchain agnostic" does not imply the token will be anything but an ERC token (though it could easily be migrated if necessary).

You really are dumb aren't you?

>>18566188
>>18566026
>>18565994
>ETH dicksucker blaming others for not being finished yet
Oh my god this is delicious.

How is PoS for ETH coming along faggot? Any year now right?

>>18566339
If Bittrex is publishing incorrect data and you need Bittrex data for your smart contract link can't fucking help you. Jfc.

>>18566391
>if a single oracle fails, then multiple oracles would also fail

This is your brain on nolinkerism.

>>18566396
He meant that if the source of data-in this case bittrex-is wrong, then all the decentralization in the world won't make a difference.

>>18566420
I know that's what he meant, but he's too ignorant to word it correctly.

If the source craps out, then that's a source issue not an oracle issue.

>>18566437
The thing is, if this whole thing craps out if the source is wrong, what is the point of decentralized oracles in the first place? Even if link achieves the perfect decentralized network, it is still at the mercy of whether or not the source of data is genuine.

>>18566370
lmao, eth is a massive shitcoin
and it's going to take link down with it
>>18566339
well anon i don't see how he will keep the nodes anonymous and somehow hand out wallets/tokens to the same users without some kyc list or a 3rd party proof of ownership like exchange to wallet transaction
if he migrates to an eth clone what will that solve, i don't see anything else using erc except eth classic.

>>18566460
>if this whole thing craps out if the source is wrong, what is the point of decentralized oracles in the first place?
What's the point of courier companies if the product they ship might be faulty?

>>18566514
There are tons of ways to distribute tokens based on already held tokens. The fuck are you talking about.

>>18566514
>lmao, microsoft is a massive shit company
>and it's going to take tcp/IP with it

>>18566396
No, numb nuts. You still don't fucking get it. Primary sources will publish their own fucking data. Link can't be more right about the data bittex publishes about their own data and because primary sources will all publish their own shit link isn't required and even if they didn't for some reason I can hire businesses or individuals to fetch data for me. Link does nothing to insure data integrity and the use of a blockchain to publish primary data from the primary source literally makes link a COMPLETE pile of shit convoluted waste of fucking time.

>>18566649
>What's the point of courier companies if the product they ship might be faulty?
So chainlink's role is simply to be the mailman?

>>18566649
explain me some then faggot
how do you distribute some meme tokens on some fancypants new protocol when you only know the public address of an btc wallet

>>18566743
yes, a mailman that doesn't fuck your wife, enrages the dog or looks through your mail and packages

>>18566837
Google it.

>>18566743
That's what oracles are you insufferable newfag.
But Chainlink is the first trustless mailman, completing the chain of trustlesness from source to contract.

>>18566894
you need kyc 3rd party like i said

>>18567053
t. didn't google it

>>18566724
>Primary sources will publish their own fucking data.
Meaning a centralized oracle. i.e. a single point of failure and attack.

You are absolutely clueless.