/biz/ - Business & Finance

>>29645870
what the fuck does this even do?
who cares?

>>29646069
it adapts tesla, externally

A dapp someone is building obviously

>pappas999

>>29645870
Isn't this like half year old?

>>29645870

>>29645870
Uh, bud, this was to do with some hackathon they had, it's literally just an external API call to the Tesla API. Could be done anywhere.

I mean it's a cool concept, https://linkmyri.de/

The problem with link though, is that unfortunately it doesn't make sense from a technical or business point of view, there is no reason for chain link to be a token, if you're interested in the tech over pump & dump shit coins, check out http://www.oraclize.it/ which provides a wrapper on top of the core eth API, or look into eth API dev with solidity and learn to send a request to your own oracle node (which makes the most sense - who is going to pay even 0.01c per request to an API)?

>>29646069
you will be able to pay dogecoin for an autonomous Tesla taxi service or rent out your Tesla to make passive income

>Reviving dead and irrelevant vapor gobbledygook to pump your shitcoin
thinks must be really bad

>>29646421
nobody will use taxis ever again, nobody will ever rent out their luxury sedan

>>29646409
>Oraclize FUD

Helloooo... 2018 called... they want their FUD back

>>29646988
*flush*

>>29646988
Not a proponent of oraclize at all, I'd actually say any company looking to integrate an external platform API as part of a smart contract on a blockchain, should opt to do it themselves, it's only a few lines of code.

Chainlink is vaporware - $30 a request? And oraclize is way too expensive still at 1cent per request / 4 cent for a confirmation.

>>29645870
See >>29646409
Adapter in op was from hack at hon
But...
There is an adapter here https://market.link/feeds/ebd193de-4188-4ac7-8b11-0e7d161e85be?network=1
That is a TSLA/USD price feed that was created 20 days ago

>>29646409
Also wanted to add this post is low iq fud
If you follow Elon and Tesla you’d know he’s talked about being able to make money off your car
This is a way to do it. This hackathon project was the most promising thing I’ve ever seen built using chainlink

>>29646409
oraclize/provable is a chainlink node RETARD
https://chainlinkecosystem.com/ecosystem/provable-oraclize/

>>29647457
Low iq fud how? You didn't explain why, you just started banging on about something Elon Musk said which has zero relation to chainlink being a completely unnecessary and expensive layer on calling an external API from the ethereum network.

>>29648535
Holy fuck you're dumb as shit aren't you? Your brain is actually fucking smooth. Do you ever read up on the vaporware you buy into? Oraclize is a provider of oracle nodes on the eth network. These nodes have support for chainlink interfaces, it does not mean you can't contact one of these nodes direct through the eth API or by using the helper/wrapper functions oraclize provides.

https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=9086815

>>29649412
didn't oraclize run out of eth?

>>29649636
Who gives a shit? That doesn't refute anything I've said.

>>29645870
Ancient news and doesn't really mean much, there are loads of adapters.

>>29649636
>>29649772
I'll reiterate again, I'm not a supporter of oraclize. I don't see a need for that either, you can easily do this through the ethereum API. A FOSS library for nodes would be nice to speed up dev times.

>>29645870
A 5% dump.

>>29649962
It needs 100% dump. It's literally worthless.

>>29647360
>>29649412
>>29649866
yeah but chainlink 1000 eoy though what do you have to say about that?

>>29646409
>oraclize is a good alternative to chainlink

I think what >>29646409 is trying to say is:

Link holders are absolutely delusional.

Link is the perfect normie coin. It's got a cool logo, it's $30/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.

If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.

When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made. Just know you stand on 0 fundamentals and in the end fundamentals will prevail.

>>29650003
I mean it is better, yes, lower response time and less cost. But I don't know if you read >>29649866 not using either is the preferred solution.

>>29646409
>>29647360
>>29649412
>>29649866

literally unironically for real just sold all my link

>>29650176
this, I've had it with the rigamarole

>>29650176
You did the right thing anon. I don't want to see people on here losing money, I'd never do it, but if someone really wanted to they could go through the effort of drawing out some diagrams normies can comprehend and create a FUD video/blog post explaining why LINK is not needed and demonstrate an external API call without any vaporware layer.

>>29650086
>>29650146
as i've said, chainlink 1000 eoy. now just WHAT do you IDIOTS have to say about THAT?!

>>29646293
mad cunt

>>29650176
Based, sold mine too.

>>29645870
Elon has inadvertantly seen the link logo btw bros

I don't really see Tesla integrating chainlink oracles directly somehow in the near term but it could be cool

>>29650385
I genuinely believe you man, given the weird events that have happened within the crypto scene over the past few years, it's a realistic possibility.

I'm just saying it's not a logical pricepoint, if LINK is ever adopted by a few, it will soon be discarded as useless and overpriced vaporware. The problem is that the general crypto investor doesn't have the computational understanding or foresight to be able to picture this adopted within back-end architecture. It's hard being in my position, I wish I could jump on the bandwagon with you guys and make a fuck ton of cash, trust me I don't want to stay poor either. Unfortunately I haven't really seen any crypto token or coin as a worthwhile investment, besides ethereum or ADA if they're able to solve the fees issue - it needs to not only be extremely low, but the pricing needs to be extremely stable to have any real-world adoption. Maybe I should just invest in whatever has the best hype, branding, and marketing gimmicks, and ignore all logical analysis if I want to make cash? Therefore LINK $1000 EOY HODL DIAMOND HANDS.

>>29650831
man, i was being sarcastic. believe me, i know. even top wallets have been offloading through feb. i can't speak to the irrationality of markets because as you say who the fuck knows, but in my opinion the writing is on the wall that this thing has run its course.

>>29650831
>Maybe I should just invest in whatever has the best hype, branding, and marketing gimmicks, and ignore all logical analysis if I want to make cash? Therefore LINK $1000 EOY HODL DIAMOND HANDS.
This but unironically

Chainlink appeals to midwits. The 4th industrial revolution, brooooooo....

Token is unironically not needed. Why would I pay a chainlink node when I can just call an api for off-chain data? Making sure the data is accurate? Their proposed mechanism is just to call multiple sources of that data.

If Chainlink can source data from multiple APIs, then there's literally nothing stopping developers from doing the same without having to pay a middleware rent seeker

>>29650554
What do you mean by integrating chainlink oracles? That's not how it works? Tesla's have telematics ECU's installed by default, a few unofficial 3rd parties have created API's that wrap access to your cars telematic functions, which go to the extreme of being able to not only pull mileage data, speed, braking, etc. like standard telematics, but due to how much control Tesla the company has over your car remotely, you're even able to open doors, open the trunk, stop the car, etc. you probably already know this if you're a tesla owner and use the App.

Essentially, tesla provides an oauth endpoint that when authenticated grants you a JWT token (a cryptographic hash - this is not some erc20 token you can buy https://en.wikipedia.org/wiki/JSON_Web_Token).). From there you're able to, from what I understand, send the request direct to the car the same way the tesla phone app would do it.

>>29651037
i'd add that you can now say chainlink has not capitalised on any first mover advantage. the whole idea about smart contracts capturing swathes of the derivatives market or insruance market or whatever else is fine but those swathes are - as of now - still up for grabs. we're two thirds done with Q1 2021. this is no longer a project geared for brute practicality with the balls to make it in a capitalist system. it is evidently the academic refuge a neurotic philosophy major and a bunch of compsci academics now with all the research funding they could possibly want to build something cute that the market could gobble up in any number of ways.

>>29645870
This is from Link my Ride nulinker

>>29646409
>>29647360
>>29649412
>>29649476
>>29649772
>>29649866
>>29649981
>>29650146
>>29650349
>>29650831
Guys like this was the reason I bought chainlink back in 2017 because it was so fascinating seeing someone putting so much effort in to calling something shit, I'd like to thank you from the bottom of my heart.

>>29651414
I work as a front-office tech lead, I can tell you right now, if big insurance companies move to the blockchain for automated compliance, this will be a private blockchain, and any external requests will be going to applications like guidewire which sit internally and behind layers of security.

>>29651631
>I work
okay, leave

>>29651608
"NEW PARADIGM!!!"

>TESLA

Looks like someone tried to explain this on twitter to normies nearly 2 year ago.

>>29651631
that's what i mean when i say the market could gobble it up any number of ways. i work in a big 4 consultancy firm working literally every single day with fortune global 500 clients (i have personally worked on the accounts of 2 of the top 5 largest companies by revenue in the entire world). i respect the pursuit of truly decentralised oracles in an intellectual sense and understand that they fulfill an academic aspect of smart contracts in their purest form, but the link token is too many degrees of separation from the actual solution the industry wants.

>>29651414
>>29651037
>>29650831
Bill Gates is unironically right saying that Blockchain itself is useless.

Billionaires will fomo into BTC to $1MIL in 3 years probably. Then the edge on BTC is lost on the whole world because everyone bought in. Then they will take a step back and ask themselves what kind of useless bullshit they actually bought right here.
Chainlink was a Meme from Day 1. It is at best 10 years to soon for this world, but probably just a useless token not needed. Adoption never came never comes

>>29651961
Blockchain is great from a compliance perspective, it would legitimize fiat currencies World wide, I don't know much about economics, but the max supply cap increase to simulate inflation that ethereum has seems sensible, something uncapped like DOGE doesn't seem like a great idea however.

Essentially public blockchain will become relevant once public chains are backed by government quantum computers, which should make chains extremely fast and facilitate essentially free transfers. Until then... well yeah, completely useless, quantum computers are still a good 10 years away.

>>29651943
Lmao bragging about working at a big4 consultancy firm is like bragging you finished high school LOL

>>29652598
the absolute state. hot take kid. how's first year university treating you?

>>29651904

Compound protocol lost millions by hacks, because they refuse to use chainlink, whereas aave has been working fine due to link. Also, makerdao oracles failed during a big market crash, whereas chainlink oracles were still reliable.

Your fud is retarded. Its not super easy to find all the apis you require and be sure the data you receive will always be correct.
But now, because of link, people can be sure they can get any offchaindata they require in the most reliable manner possible for their smartcontracts which means they no longer have to worry about this part and can focus on developing other stuff.

>>29649981
>>29649866
>>29649772
>>29649476
>>29649412
>>29650146
>>29650349
>>29650831
>>29651409
>>29651904
>>29652193
Lol uncle is that you, stop gatekeeping you cheeky wanker.

>>29652874
Why can't I just aggregate API data myself? Make 10 requests, take the average? Hell I could use fuzzy logic to refine it even more.

I'm pretty sure most external API calls would be to determine an action has been complete off chain though, and most of that would be internal APIs. Think car insurance, and an API confirming if a payout should be made.

>>29651037
Why are you trannies still trying?

>>29646335
Yup

>>29653954
We're trying to get you to dump your bags before its too late.

Can someone just tell me whether to sell or not?

>>29646409
What part Mumbai you r from sir?

>>29653422

Go ahead. Try it.

>>29645870
>the year is 2024
>one tesla = one link

>>29654145
What's your issue dude? This is the equivalent of accusing someone of being a kike or a tranny shill on /pol/ because they post an opinion you don't like.

>>29654192
I will. Once eth 2.0 is released and the network becomes somewhat functional.

>>29652193
>Essentially public blockchain will become relevant once public chains are backed by government quantum computers
this is the most absurd, unprovable thing to say. you are so full of shit, you babbling overtalking motherfucker. anyone engaging in conversation with you is participating in verbal special olympics. get fucked you mid-brain dimwit.

>>29654095
Too late for you to buy getting priced out of your DCA range. 3.5 years.

>>29650086
The Jews back link so the price will go up. Jews don't lose money.

>>29646409
N

>>29654310
Ad hominem

>>29650086
fud harder

>>29654466
see >>29649412

>>29654573
Yes, but that was in response being called a 'RETARD', and I followed with actually trying to refute the argument.

>>29654233
you just oversimplify an issue that was here since blockchain exists and even beyond
if it´s as simple as
>just aggregate API data yourself lul
why would projects not just do this instead of using chainlink and why projects that rely on simple oracles are getting fucked over regulary?
who do you think has more understanding on this
literally a fleet of phd´s in mathematics, computer science and crypography
or some dud who sends his time fuding chainlink on 4chan

>>29645870
>-3%

>>29654757
I mean for a start you don't know my academic credentials, I can happily prove I have a PhD in the field, specifically serial comms protocols & comp sci.

>why would projects not just do this instead of using chainlink and why projects that rely on simple oracles are getting fucked over regulary?
They can and they will? With something like TLS notary you can prove the request was legitimate and serve the data back into the network from the node.

>>29654095
You'll never get 20c bags like me so go kill yourself faggot

We’re excited to announce that after over a year of development and numerous security audits, Chainlink Off-Chain Reporting (OCR) has officially launched on mainnet, marking a major milestone in the scalability of Chainlink’s decentralized oracle networks. OCR significantly improves the efficiency of how data is computed across Chainlink oracles, reducing operating costs by up to 90% and enabling the Chainlink Network to accelerate the development of universally connected smart contracts both in DeFi markets and across various other industries.

The most immediate benefit to DeFi and its users will be a 10x increase in the amount of real-world data that can be made available to smart contract applications.

https://blog.chain.link/off-chain-reporting-live-on-mainnet/

Fudders didnt read the news

Hey, heard of NEXT Chain? With the pioneering use of decentralized technology, they have built the next version of Blockchain, Next.Chain. The ground-breaking Next.chain acts as a backbone of Next.exchange allowing, instant trading of coins and tokens with utmost security and reliability. They don’t plan on simply deploying a Blockchain and digital asset exchange platform, they aim to become leaders in the Blockchain field. Join them on Telegram @nextchain

>>29655004
lol is this you matt luongo?
still wasting your time on 4chan i see
go and fix your shit project

>>29646622
>go to work
>car is sitting in parking lot for 8 hours a day doing nothing
>instead the car could be autonomously picking up passengers and making you passive income while you work
>car is monitored remotely through your cell phone
>insurance liabilities are covered through the ride sharing app
the future is staring you in the face and yet you look away into the past

>>29654233
Checked and im sure you get that a lot.

>>29646409
>Oraclize
Holy fuck, I haven’t heard that name in years. Remember when Town Crier was used to FUD link, then Sergey just went there and bought it? Kek

>>29652193
you shouldn't have mentioned quantum computers m8 that made it too obvious

>>29645870
This is fake take it down stupid fuck

>>29657643
Oh come on dude, It may be a little unrealistic right now but 10-20 years from now most super computers will have quantum chips. Google has been experimenting with it, so has some Chinese university.

>>29647509

>>29658794
Right... and you have no clue as to what quantum computers actually do and how they would impact crypto. Hint: They don't "make chains extremely fast". In fact you writing that shows you not only have no concept of quantum computing, you also don't understand the basic consensus mechanisms of crypto.

>>29646203
It's a pseudonym this has nothing to do with Elon Musk Tesla

>did somebody say ... tesla?