/biz/ - Business & Finance

never talk to him again

>>23538126
>What if people abuse it
You can't argue with retards because logic doesn't work on them. He literally won the argument and if I was you I would sell and then immediately kms.

>>23538126
Not sure you understand words. It’s now a “meme”, it’s real. I think you meant to say “is it a good idea”. And it depends on the coin, dumb dumb. Go to bed

probably just doesnt really understand the concept
it is possible to abuse it just look at farmer.finance or whatever shitstain project that was
some chad stole their 50m in minutes
if it was in their bank account they could retrieve the funds

>>23538366
except that exploit happened because they used centralized price feeds rather than a decentralized chainlink price feed

>>23538126
It mostly is a meme. The main use case of decentralization is the product being censorship resistance... Like how many people on /biz/ are being censored with their money?? I would bet none

>>23538126
Hes kind of right, you need custodians, but as long as they act in favor of the governance votes and don't directly control the funds, then it's decentralized

>>23538126
Decentralization is for utopiist faggots who don't understand things get fucking done in the real world

>>23539779
>you can't decentralise x
Bitcoin proved the entire world wrong on that one. Once a decentralised monetary system was live, centralised markets were always going to fall.
What you're going to see next is the real fourth industrial revolution. Dapps that slowly but surely copy+paste the business models of established companies (uber/airbnb/whatever) but without the middleman and 30% cut.

Don't get me wrong, 99% of crypto projects are scams (defi), pretend to be decentralised to create the illusion of efficiency and sell tokens (chainlink), or are x scam on the blockchain (lition, dmm, etc).
But there is a real business case underlying blockchain in general and you should be extremely bullish on the concept as a whole.

>>23540436
Bitcoin maxi. Yawn.

ALGO

>>23540605
>saying anything positive about BTC = BTC Maxi

>>23540436
>What you're going to see next is the real fourth industrial revolution. Dapps that slowly but surely copy+paste the business models of established companies (uber/airbnb/whatever) but without the middleman and 30% cut.
Already demo'd using chainlink, car rental with smart contracts

>pretend to be decentralised to create the illusion of efficiency and sell tokens (chainlink),
Cope, the only way smart contracts work in the real world is with a decentralized oracle and the industry standard for that is chainlink currently

>>23541340
>car rental with chainlink
Stupid and doesn't actually provide the necessary data (being was the contract fulfilled to its terms). There are already dapps built upon rentals/gig economy stuff and the only way to do that reliably is with something like Kleros.

>Cope, the only way smart contracts work in the real world is with a decentralized oracle and the industry standard for that is chainlink currently
I agree but you're wrong about chainlink solving any of these problems. It is neither an oracle nor decentralised. In such a system in 3-4 years time, when the tech is better, the nodes provide the data, but 80% of them just made up of people piggybacking on other people's data and hoping to get paid in LINK for providing something they didn't create. It can't be both sybil resistant and decentralised - the only way it currently works to *some* degree is sergey personally okay-ing x data provider to be a node, and even then you still have around ~33% of the network just using the same data sources as other providers, aka piggybacking and charging money for 0 work.
The solution to this is an oracle network which allows apis to provide their own signed data to the network WITHOUT using the link token, but of course this is just brushed off as FUD and nobody really seems to address it. The alternative solution is something as mind-bogglingly obvious as paying kleros .2 ETH with your question and having them decide.

I own LINK and I agree its great but the only way to make the above work feasibly is have a t2cr-style node list, where kleros' curate is used to curate the network of link nodes, but then the problem becomes "why not just cut LINK out of the equation by having the curated lists use the price data directly and not pay sergey every time you want to ping the network" and you're back to chainlink being a good idea with a poor implementation.