/biz/ - Business & Finance

It seems to me that XRP and flare solves the oracle problem through the use of federated byzantine agreements. It also seems to me that the oracle problem is a problem associated with ethereum and not smart contracts themselves.

You can't currently stake or become a node operator with chainlink, therefore making it centralized to whoever sergey on-boards

Am I understanding this right? Shouldn't the use of federated byzantine agreements to achieve consensus and therefore decentralization pull custody away from the individual node and towards the community that relies on that oracle service?

They are releasing a whole suite of oracles for use as well, found this interesting

oracles.cloud

also flare.ghost.io for those who haven't heard the news

I’m not totally sure what the use case of a chainlink token is. I get the whole oracle thing but are you essentially just buying stock in chainlink as a company when you buy link?

>>21679095
>>21679153
>>21679183
It’s like you know how to read but you don’t know how to understand

>>21679251
Please enlighten...

I want to learn anon

I'm trying to understand as well. No one will address my key points that I have compiled into my post. I just get

>muh 3 years

chainlinkers are like the rudest people on the face of the planet and it doesn't even seem like they know what they are invested in

3 years

>>21679183
The token is collateral and payment for the contracts

>>21679328
> it doesn't even seem like they know what they are invested in

Now you're definitely not getting any information from us. Cuck

>>21679251
Please explain than

>>21679423
lol

seriously though... can someone answer or give answers to the aforementioned questions?

>>21679095
The creativity of link memes never ceases to amaze me

>>21679438
>literally proves his point
Unreal. Actually bearish too...

>>21679528
All I'm asking is for a intelligent/constructive conversation...

All I see is Lambo this, we're CCCRRASSSHHHINNNGGG, moon that...

>>21679438
well that's the thing, no one seems capable of actually providing information. Any information that I have gotten was from my own research and any issues that I find with my research gets hit with a

>muh 3 years

I mean this thread will end up being a textbook example. No one will actually provide any real discussion on chainlink, no one will provide any real information on chainlink and we will get hit with

>muh 3 years

every 3 posts like clockwork. At this point the complete inability to provide information indicates to me that you don't actually have information. And that's not a good sign. It doesn't point to chainlink actually having a healthy community.

>>21679095
>>21679153
>>21679183
https://www.youtube.com/watch?v=ufVyX7JDCgg
Here is a good intro to Chainlink, history of trade, and why Chainlink is necessary to the future of trade.
Trade in all its forms, require a form of contract.

>>21679095
>Why is it so needed?
It's needed because in order to advance trade to the next level there needs to be a token platform that can handle decentralized automated inputs and outputs for nodes. At another level the AI needs something to interface with, which will be a Chainlink node.

>Why is it such a revolution?
Automation of contracts that require decentralized datafeeds is something entirely new and STILL not implemented. Chainlink is the only major contender working on this problem.

>What's wrong with the current way deterministic data is processed?
The current way is slow. Contracts in modern day rely on a subjective centralized source. Let's use an easy example of insurance. If the insurance company doesn't believe your story then you don't get your insurance payments. Smart contracts will handle these things as an objective decentralized oracle.

>Why are decentralized, trustless oracles need?
>What's wrong with the centralized, trusted ones?
Because centralized "trusted" oracles are inherently flawed. There is a motivation for the insurance company to NOT give you money. With decentralized smart contracts there cannot be manipulation of the contract.

Ownerless contracts are better than owned contracts because you can't do anything about it when the insurance company decides to deny your claim as they are the ones that own the contract, not you.

>Is it a function of removing middle-man?
No. There will always be middle men. This is about removing necessary evils from the market with necessary goods.


I'll continue in my next post.

>>21679685
amen

a bunch of brainlet posts about price action and nothing of substance

>>21679095
>>21679153
You guys want answers, and then cry about it when you don't get it in seconds. I'm not going to continue my posts as you can't wait a bit for a decent response.

You deserve to miss the boat that is the 4th industrial revolution. You've had 3 years to research and ask these questions. You've waited until the boat is leaving to ask, and then you try to bash anyone giving you answers.

>>21679689
Thank you Anon for your thoughtful response...

I guess in terms of Defi... what's wrong with the way it's currently done?

When's the last time there was corrupted internal data? From my limited perspective it seems the deterministic data, in flows and out flows is running like a clock.

>>21679791
But you didn't answer any of my questions, anon...

>>21679874
Go fuck yourself, you had 3 years.

have none of you registered for the Smart Contract summit next week? HOSTED BY US.

https://blog.chain.link/announcing-the-smart-contract-virtual-summit-0-smartcon-powered-by-chainlink/

FALL IN MARINES. Link Pool will be speaking in that list. Do some simple math. Pull threads starting at the summit, the Defi season starts there. And staking options HAVE to be competitive with boomer stocks, of course they will decrease as the network grows but this is what we accumulated for this whole time.

Expect a dip on the news and then the climb after. If you miss the rocket but had the means, it's your own fault.

>>21679791
Anon... I am sorry... And I very much appreciate your contribution.

I want to learn and I appreciate the time you took

>>21679894
Why would anyone want to answer your questions? You are a dogshit person. You had 3 fucking years. And when you finally decide to try and learn, you can't wait 5 minutes before crying.

>>21679982
What are you even talking about anon? Why are you having an emotional temper tantrum? Are you upset that someone didn't refresh their page before making a reply??? I really don't get where this is coming from.

>>21679685
3 years and 13 minutes

>>21679328
90% of them don't

>>21679920
>And staking options HAVE to be competitive with boomer stocks
Are you that guy I schooled yesterday on risk and returns?

>>21679153
the absolute state of xrp faggots
https://www.youtube.com/watch?v=MIyBFNjc1kY
ITS MONKEY SEASON $1000 LINK EOM LETS FUCKING GOOOOOOOOOOOOOOO