/biz/ - Business & Finance

3) he proposed that due to this, chainlink would become a standard integrated protocol on the Swift network, that chainlink would be allowed access to the global financial messaging network to standardize communication between oracle, contract, and institution to, once again, increase the speed and execution of derivatives contracts massively. That the ISO20022 standard would be positioned around the accessibility of blockchains to communicate with these oracles.


Let’s break this down, and the holes in the chainlink teams idea;

The first glaring hole we see is that chainlink is built for ensuring the data quality of a data consumer, the contract, rather than ensuring the data quality of the producer, the broker/pricing. Over the past 20 years, the largest parts of the derivatives market that have broken have not been with the consumers, but rather with the producers. First we can look at the LIBOR scandal, this was a scandal where-in banks had been rigging the overnight rate, the fixed leg rate for that 400 trillion in derivatives, by submitting intentionally manipulated bids to the overnight lending markets. All pricing sources for LIBOR gave the same false rate, just as all all oracle’s would have. Second we can look at the 2008 crash, in which securities which should have been rated much lower than their actual credit rating were given triple A ratings due to collusion between the rating agencies and the banks forming the CDO’s and mortgage bonds. Linkers CAN attempt to subvert this by saying oracles could have looked at the underlying credit ratings to compile the bonds themselves and ran the algorithm, however that brings us to our third point now:

the subversion of the algorithm providers. Between 2011-2012 no less than 3 separate banks, mainly JP Morgan, had been found to have been avoiding regulatory action by having submitted changes in their liquidity algorithms to federal oversight committee’s who had in bad faith accepted the algorithm changes which raised the end liquidity of the bank to no longer be under oversight, and could continue trading derivatives outside the banks legal ability to. This was later deemed illegal and the banks were fined, the undertext being that they had captured the regulatory agencies to change these algorithms

This is a glaring fucking hole, Linkers will spend all day ensuring you smart contracts will need this oracle industry to provide programmable money, when it actually opens up even larger holes to the manipulation of the contracts via the data providers. At minimum your risk of running a smart contract will be entirely linked to which entity’s are trusted to provide the algorithms, the prices, the regulations, far and away above just ensuring one data series is incorrect.

Second, the speed of execution, this one will be much shorter but essentially when you sign a derivatives contract you are basically ensuring the pricing and monetary value of that trade are entirely owned and executed by the broker who sells you the position. It is already, more or less, automated by the broker essentially. If they choose to hook up their high level interest rate swaps to an API from Bloomberg and automatically settle your position based on that data, then they have every right to do so. The main proposition of crypto has always been the speed of transfer and accounting, you can basically do away with actual custody as custodians can become more or less software providers, not as if that does not already happen. The execution of a contract based on pricing the assets and data series is actually a rather negligible portion of a trade.

Your entire first “problem” is taken care of due to the collateral answer that will be necessary for providers to supply, in the form of locked tokens through staking. Chainlink has already specified financial institutions will be on a separate network, with billions of dollars at risk. Retail nodes will provide ML2 and ML3 support.

I’m sorry you wrote all this, but the only real issue is transaction speed, which is a problem for every crypto once they get too large, but will be dealt with as it always is with supporting tokens. You don’t understand right now because you want LINK to fail as a fudder, but just know I would go into a more in-depth explanation if I had the time. If this thread is alive in a while I will write up a real counter to help you “understand”.

>>53682538
Incorrect, staking that the provided data is correct has zero correlation to the production of said data being correct. Did you read the examples? You can stake as much money as you want in oracles reading what the overnight rate is, the banks submitting bids for the overnight rate have zero incentive to not manipulate that data. It is not their oracles, the oracles are reading the overnight rate not producing it.

sounds like we need a decentralized system of data sourcing and data delivery to use this decentralized means of getting information onto a decentralized network
>he thinks banks will be able to collude in the future financial system or that bad loans will be invisible on a public ledger
oh no no no

based thread OP
>>53682538
>but the only real issue is transaction speed
>will be dealt with as it always is with supporting tokens
oh yeah, that's the brilliant solution, introducing more bloatware and potential security risks in an already convoluted system
you people are morons
>>53682636
>a decentralized system of data sourcing and data delivery to use this decentralized means of getting information onto a decentralized network
you seem to like this "decentralized" buzzword quite a lot anon
how exactly do you propose to decentralize data sources of completely centralized entities such as JPM?

>>53682453
>>53682463
>>53682468
bunch of 4channers tried to force it as /ourcoin/ back last month during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>>53682636
Sure, but that is not going to happen. The production of gold is decentralized, the storage of gold is decentralized, the transfer and valuation of gold is decentralized. We moved away from that system because at the end of the day the thing that prompts social growth is actually control over our variables, not the release of control, which is why highly sophisticated cracked algorithms like Bitcoin are the “”future”” of money according to tech bros

>>53682658
>>53682712
>they can't refute what's coming
>they're afraid
hehhehehehehe

>>53682741
That’s not an argument that’s a platitude, anon.

The other anon is correct as well, chainlinks entire value proposition is transferring data from outside the chain onto the chain, non-virtualized data into virtual data. How exactly will you capture the future of the derivatives industry if you cannot directly address the problems of derivatives industry, you cannot nullify them you cannot answer them?

>>53682604
Can’t reply beyond: banks will be collateralizing billions of dollars, SWIFT will be collateralizing over a trillion. Will explain later why you’re retarded If I have time.

OP wrote all these wall of text posts on his phone lmao

>>53682805
I don’t think you can reply because you don’t have answer. Please do explain, because your original post did not directly address any of the points of OP, which leads me to believe you are trying to correlate solutions provided by chainlink to the incorrect problems outlined in this post.

>>53682453
>man named Assblaster
>man
didn't read any further

>>53682837
Haha stay poor

>>53682604
Who cares, the point is that you can get that data, whatever it may be, into a smart contract and use it for decentralized digital agreements. Chainlink doesn't solve for people colluding for personal gain.

So the bank in your example may fudge a number of 2% or whatever, but everyone is using that number anyway. The point of staking with chainlink is that 2% is the number used by the smart contracts. Not 4% or something.

>>53682797
Anon, tools like Trueflation can ultimately be used to solve your issue (trueflation just being an example). If jews colluded to pull some random numbers out of their ass, it would become clear what happened as more information is made publicly available. I guess we will see what happens. It's clear that Chainlink is going to be an important tool if you're spending your Sunday writing about how "Chainlink doesn't solve ALL of the problems so it's bad!"

Chainlink is the best solution to the oracle problem. Period. Other projects will solve other problems plaguing the financial industry.

>>53682909
Because the purpose behind crypto is, supposedly, that these transactions are immutable, that your smart contracts are immutable. If you are building immutable contracts upon fundamentally faulty measures, what happens then? You increase the systematic risk, you don’t dissuade it. You have opened yourself up to contracts set for years in the future that are immutable and cannot be changed when risk is identified.

The point is succinctly that there is zero reason to adopt crypto then. Why would you want to get your data onto a smart contract in the first place if it is inferior to the existing solution?

>>53683001
Trueflation you mean as in third party data providers, or probably more realistically third party algorithm providers as that looks like? Those existed before crypto, we built laws and regulations around centralizing and controlling the data in the first place, standardizing stock exchanges and banking regulations for one.

>It’s clear chainlink is going to be an important tool ect
Or maybe, they invented a problem to try and sell a solution. It’s a high level grift, but still a grift

>Chainlink is the best solution for the oracle problem period
But did we not just go over in this thread how the oracle problem is not real?

Bumping bcuz fuck link

>>53683711
Based. Linkies will think this is a FUD thread since they don’t know

>>53684107
It’s not a FUD thread. As an anon earlier said, they are pushing the boundaries in some ways. It’s not a new paradigm though, and it calls heavily into question the validity of smart contract based finance

Bumping

shills are awfully quiet today

>>53686166
I would like to think it’s because I’ve made some intellectually sound points towards my post.

Likely there’s no response, shill or no, because the Super Bowl is on.

Bump to keep alive

If you have any questions just ask. I’m still monitoring the thread. This is not FUD, I was quite fond of the chainlink idea and think it can still have value somewhere, but the notion of capturing even a good sized share of the current market is just unrealistic, as the idea is flawed. I think that’s why the team has really only been able to execute smart contracts with the simplest margin collateral contracts so far, since they really only require two inputs of market pricing and there’s no dispute over the calculations.

If you are still holding link, then you need to swap it out for Bitcoin. I think most of these coins are going away, including Ethereum

That's a lot of words just to say token not needed in

>>53682909
You work for free for a team that cucks u tho

based thread
all I have is to say is token not needed

>>53687715
>>53687793
In my mind this is project not needed. You can’t be claiming to take a piece of the $400 trillion dollar pie, let alone the whole thing, when your fundamental thesis is not sound.

Read it anon, it’s worth it. You might learn some things

>someone named moonman says that icp is good
>they bought?
>someone named assblaster says link is good
>they bought?
Lmao.

>>53687824
you seem smart anon. what coins are you invested in?

>>53682837
>he doesnt know

Assblaster was a he, im not saying anything more

No way blyther herself was posting on /biz/

>>53683154
>But did we not just go over in this thread how the oracle problem is not real?

Christ. What year is it?

>>53687824
I think you are right in that Chainlink will not play a role in the derivatives market, i have had the same thoughts for years. But i still think it will have many uses in the future for other things. For example, exchanging CBDC's for cryptos or other CBDC's will be much easier on the developer end if using Chainlink, which Swift confirmed themselves, and if web3 really does take off (which Eric Schmidt said it will eventually), Chainlink will be used alot for that. If there is any sort of crypto adoption into the real world whatsoever, Chainlink will most likely be involved to some degree.

I guess it boils down to: Will blockchain actually solve any problem in the real world whatsoever? If it will, then Chainlink is needed. If not, Chainlink is not needed.

>>53682453
>>53682463
>>53682468
>>53682604
>>53682712
>>53682797
>>53682824
>>53683044
>>53683154
>>53684697
>>53686331
>>53687546
>>53687824
>13 paragraphs worth of absolute garbage designed specifically to waste time
spam tier threads get spam tier responses:
The usual discord nufudders are actually a lower form of life than unpaid internet janitors:
>constantly making 50+ pbtid fudding in discussion threads over 10+ hours whenever they're up
>the rest of the time they seem to be seething, samefagging, and monitoring in up to 6 fud threads at any one time during their "rush hour"
>they have been doing this possibly since 2021, when a lot of them bought the top and never recovered
>others lost their stacks on bancor and celsius
>some even think that they're "fighting the wef" by posting on here - yes they're that retarded
>lets be generous with the math and say that they've only done this for five days a week (including holidays) for one year (50x52=2600 hours spent doing this maybe)
>all over an apparently shitty and unimportant crypto
>on a board that doesn't even affect the prices
>all for FREE
Jesus christ.

>>53689607
good morning shill

>>53689607
Yep
Literally stuff that was all discussed pre 2021, and these retarded newfags think anyones gonna waste time with it

Herbs

>>53689962
yes, this is why you're literally incapable of providing any retorts and you resort to condescending shitposts

>>53689962
I actually appreciate that there's at least some slight effort in the FUD as opposed to the usual brainless noise FUD, makes me think of 2018/2019 times when threads like these were a standard thing

>>53690109
>P-please redebooonk my essay on a token I don't even own. If you don't waste your time explaining the same shit over and over again, we- I mean uh... I win.
Yeah nah. You're trash and so are your threads. Just stick to posting cock cages, at least you can't fuck that up.

>>53690270
thanks for bumping the thread seething baggie

>>53689034
But the derivatives market is the real world. I agree with you it can have other uses, I guess it’s not fair to say project not needed, but the marketcap of an oracle for a simple market price check to swap is much much lower, as well as has no moat. At that point you would be somewhere around the market cap of a single B2B software service for a brokerage.

>>53688861
I don’t invest in crypto

>>53690213
>>53690270
>>53689962
I don’t know if you know this, but that guy was copy and pasting a post from another thread.

>>53682453
>>53682463
>>53682468
>>53682604
>>53682658
>>53682677
Yeah I just didn’t read any of this lol

>>53690472
thanks for bumping the thread though fren

>>53689607
>lonkie seething
eat your shit and shut up fatlard

>>53682805
>hurrr you're a retard OP keep this thread alive I'll be back to deboonk it
>*crickets*
kek

so many words when few would do
link was nothing more than an ico token. it pumped, smart money sold last cycle, and moved on. if you're still holding, you're the sucker.

lol just some chinese bullshit way of giving the poor a fighting chance for taking back our country's finances to actually pay off a debt and live in a world where we are as a majority, financially stable and wise. we understand the concept but fighting back against such a system that censors everything it wants at a moments notice is hard to battle. i know our retired military is on our side though.
you're just using new words and the patterns are starting to show quite heavily.

>>53682538
Transaction speed is pretty fast on the xrpl kek

the silence of linkmarines is deafening

>>53691746
kek indeed
they're all too busy trying to gaslight the board with muh btc suppression maymay

>>53687824
Exactly. There is no refutation to your points. The price targets here are laughable. There's no enterprise interest either bc they don't give a fuck about some nerd "oracle problem". Chainlink is an intellectual circlejerk combined with a money grab. So basically just like 99% of crypto.

>>53691746
>>53692258
Stop bumping the thread you fucking morons we need to kill link discussion, if you keep it bumped it just draws attention to link.

>>53689607
Yeah but the whole "I'm keeping a running diary of the heckin fudders" line doesn't really hold water when you spend more time than they do

>>53690270
>I married my investment and now I'm emotional over ANY discussion about it whatsoever

everyone has to learn at some point

>>53692364
>nooooo we can't have free speech, downvote and censor!!!

you're on the wrong website

>>53692411
it's irony anon, calm your tits

>>53682538
damn you couldnt be more wrong but yeah ok lol

>>53692356
Thank you! I appreciate you seem to see eye to eye with my post here anon

>>53688920
it was jessi slaughter
bamping for more anons to read it

>>53692364
have you collected your staking rewards today?

>>53693436
Remember that time I made a bunch of online posts braggng about earning bank interest? Yeah me neither

Bumping. I spent way too long typing this out to let it die

>>53694915
I'm sorry anon, it seems this 5 year psyop campaign on this board has been a resounding success, nobody wants to even entertain your posts seriously
typically, shills will enter any thread in an attempt to dispel the fud with posts about connections, partners, etc but they have avoided this thread like the plague for more than 24 hours, it is truly astonishing

>>53695385
That’s ok, I’ll keep bumping it. Catching even one anon who thought your pic related was true off their guard is worth it.

No other projects are scrutinized so thoroughly by people who don't own the assets in question.
That's how I know these threads are orchestrated by teams from competing products.

>>53695760
Well, why would I own an asset I think is fundamentally not valuable?

Generally I thought link was an interesting idea, but as I’ve learned more I’ve found its idea does not function at a high level, and I’ve decided to share what I’ve learned.

I actually applied for a Job at chainlink, but they ended up not hiring me, which ended up with me actually going to work for an investment bank instead doing analyst work with uncleared derivatives which has given me probably a much better insight into what market link is actually trying to capture.

>>53682453
All of that day 1 fud effort posting and i still wont sell. Not even a little bit. How does that make you feel OP?

>>53695760
oh neat, another
>fud is bullish
copepost with zero retorts and another boogeyman, how original
no other project has ever been shilled so tenaciously, consistently and egregiously as LINK has on /biz/ all these years, it is undoubtedly the longest-running psyop this board has experienced so far, fully fledged with good memes, hilarious ironic fudpastas, an actual group of "serious" fudders acting as controlled opposition and as the adversary (delphi trannies, bulgarian trannies, cefi trannies, tripfag/twitter cult of personality faggots, literally anything to divert attention from the team and alleviate their shortcomings, delays etc) we're talking next level shit, ripplefags can't hold a candle to this
https://imgur.com/a/HS9hIfr
shockingly, most of these crumbs turned out to be dead ends or straight up flopped, but the damage had already been done, people are literally unable to move on from 2018-20, trapped inside their own information bubble

>>53695760

>Yeah, like, man theres tons of teams working here. Because link is just sooooooo valuable. I mean it should basically be illegal and only heckin elite autists can know about it

I dont know if its just me getting older, but this place is so delusional and cringe.

Bumping

>>53689962
has herbs been changed to be censored as herbs now

>>53697189
The irony of someone calling people newfags and not knowing how the language filter works is pretty palpable anon

>>53697212
this desu

>>53697034
So is this just a rehash of the “you can’t perfectly solve the oracle problem therefore even a halfway measure holds no value” debate? I remember these popping up a lot in 2017/18, the consensus at that time was this being the next best solution it will still make you rich. Those anons at worst 30x’d their investment so I’m inclined to agree with their thesis, but if you made a play that outperformed it I’d be interested to hear about it. We are here to make money after all, no?

FUCK STINKIES
YUR NEVER GONNA WIIIN
FUCK STINKIES
YOU SHOULDA SOLD A LONG TIME AGO
STUPID
STINKIES
SOOO PATHETIC
STUPID STINKIES
YOUR IDIOCY IS MAGNETIC
STUPID STINKIES
YOU WILL ALL DIE POOOOOR
STUPID STINKIES
YOUR WHOLE LIFE IS A BOOOOOREEEE

>>53682453
good post OP. Similar questions were asked 6 years ago and always just got the same dodgy answers about how it will be the backbone of all blockchains and that's all that matters. But fundamentally you're right. As long as there will be a few centralized data sources it won't matter how many mailmen you add if they all deliver the same letter. And if the data in that letter is tampered with at the source, for some reason LINK's solution is to punish those mailmen. I guess that's why they're pushing it on /biz/, this is the only place where they can find people retarded enough to WANT to stake and take the fall for the ones manipulating the data.

>>53697642
I think you misunderstand, link would not punish anyone if the data was tampered at the source, it would only punish the mailmen if they delivered the “wrong” wrong letter. If you delivered the “right” wrong letter, there would be no punishment. The important point is you can at least use real world information on the blockchain with the same level of decentralization (when staking 1.0 is realized) once it is on the blockchain. The alternative is to have it centralized both at the source and on the blockchain which completely removes the usecase of the blockchain, if it’s at least decentralized on the blockchain it still opens up use-cases like smart contracts that utilize real world data.

>>53697316
Disagree. This brings into question the idea of smart contract based finance at all, the idea behind oracles is that you need sanitized secure data to make a contract automatically execute, if the data is logically unsanitizable at you’ve created more risk not less. There are places for it sure, maybe in decentralized exchanges, but I see those going the way decentralized exchanges have gone in general.

I have actually, I made 90,000% off some GME calls, still my best play

>>53697724
Again a perfect solution is not required for it to be utilized/useful. More importantly, have you never considered links legacy finance connections come from entities that are perfectly ok with an imperfect solution that effectively allows them to become arbiters of truth?

>enters thread
>reads nothing
>does a big stinky poo poo
>doesn't elaborate
>leaves

The cult loves talking about the Link glory days when it pumped years ago and they had a hypothetical gain of “x”. Its like a boomer babbling about how hot is college girlfriend was trying to impress college kids. Obviously it comes off as a little desperate.

Just because an alt pumped once is most definitely not verification of it being useful. How can anyone be in this space for years and actually think that. Doge and shib are in the top 15 for christs sake. Nor is there any guarantee price will ever run again. Statistically the odds are very much against it.

I think a lot of Link holders really wanted to feel like special geniuses being “early” to this. In reality the team wasnt able to actually deliver on the ideas this was founded on nor does the business world need any of this bullshit to function effectively. Unable to stomach the hit to their ego, culties have resorted to schizo theories w the suppression, nexo/bulgarians, etc. This way their ego is protected as they dont have to confront the reality that its just another altcoin. Now add in the fact that many didnt take profit on the one and only pump and you understand why theyre all at each other’s throat.

the depth and length of the bear market is starting to produce posts like this, sad stuff
and to think we still have a long time in this bear to go...
for anyone reading this... OP got lucky and then greedy and didn't take profit
do not marry your bags
TAKE PROFIT
it will save your mental health
don't end up like op

>>53697750
That’s not an imperfect solution though, that’s just not a solution. Did you read the 3rd page of my OP? Financial contracts are already straight through processed, have you ever heard of a platform called Acadia? It’s inventing a problem that currently does not exist, have you ever considered if the brokers wanted contracts to be programmable they could already do it? The solution is literally as simple as delegating an API to settle contracts in your service agreement if you wanted, which a lot of brokers actually already do as part of standard brokerage accounts, the broker decides what you settle at, not a third party. The buyer does not have power in an asset exchange.

You’re thinking about this as a comp sci problem, not as a financial problem. It’s a common problem with programmers

>>53697642
Thanks anon. Glad someone seems to see the core thesis

>>53698043
>>53698089
TAKE PROFIT

>>53697750
Also, because I feel like pointing this out before you say it
>>53698043

>but XYZ you need to sanitize the API data or else you don’t have a smart contract and it’s not as cost effective

Then you, once again, have turned the problem cyclical and are back to the issue aforementioned in this thread where this creates the issue of your contracts being immutable.

Hooking an API up to a bunch of non-immutable contracts is actually good enough, you can reverse any issues with the API at will, hooking an oracle up to an immutable contract is not good enough, you have glaring holes of abuse that will be hardcoded into the contracts risk

>>53698043
What about situations in which two parties cannot agree on a centralized contract arbiter? They both accept that data is going to have to come from centralized sources, but they want to outsource the execution of the contract to a decentralized party to remove trust, even after factoring in the origins of the data. With a DON, that is an option. Without it, you have no use for the blockchain, as the oracle layer can be financially gamed. You can argue these usecases are nonexistent and will never be relevant, but again, those with the opposing thesis profited immensely already.

>>53698211
people bought Doge on the premise it's a shitcoin but has a decent chance of doing a decent PnD, and they have also profited immensly, I don't understand ehat you're trying to insinuate here.
The purpose of this discussion is to determine if Link has still realistically chances of capturing any more value, what you're saying sounds more like gambler's fallacy.

>>53697719
>it would only punish the mailmen if they delivered the “wrong” wrong letter.
Sorry my mistake, yeah if there's literally only ONE data source, then the nodes wouldn't be punished since they'd all be providing the same wrong data which would be seen as "true" to the aggregator (i.e. being close enough to the average or median answer or however the particular aggregator functions).

>>53698211
>cannot agree on a standardized contract arbitrator
Does not happen in real life, because once again brokers have all the power. You either hold an ISDA that is in compliance with a brokers policy’s or you don’t trade with them, simple. That’s why standard arbitration agreements exist.

>they want to move execution of a contract to a third party
Already happens, third party setups exist in real life, just look up BNY Mellon

>without you have no use for the blockchain, as the oracle layer can be gamed
Not sure I understand this point to be frank

>>53697888
tfw you just babble and didn't read
oh I forgot, DR:NS right?

>>53698265
Yes but that's a false equivalence, people didn't bet on chainlink as a pump and dump, they bet on a fundamental usecase and even if it has not captured the entire marketshare those original anons envisioned, they've still seen tremendous returns. Otherwise you can just argue all investments are pure gambling, but I think we can acknowledge there is nuance there. I'm not of the opinion link's ultimate usecase can't be invalidated either, but realistically nothing has moved the needle on those 17/18 discussions, its still a disagreement between anons who view the oracle problem as a binary issue that is either solvable or not, and others who view chainlink/DON's as a real world compromise that will still see adoption. Those who viewed it as the latter did extremely well for themselves. Its no different than time traveling to 2015, and arguing that bitcoin is simply part of greater fool theory and failed as a currency. You might be right to some degree, but is it enough that you can't profit immensely off of it still? Effectively the best argument against chainlink right now is either that crypto as an entire asset class will finally reverse trend, possibly as some sort of macro depression, or that there will be a path forward for crypto adoption that does not utilize oracles. If OP isn't proposing either of those scenarios, then arguing the ultimate fate of the oracle problem isn't really useful to considering the medium term future of chainlink (the next cycle or two, basically).

>>53697642
>I guess that's why they're pushing it on /biz/, this is the only place where they can find people retarded enough to WANT to stake and take the fall for the ones manipulating the data.

>>53698428
these discussions have already been had long ago

it is now a fight, a battle
but that talk from last smartcon shows that they're in the game and fighting
https://www.youtube.com/watch?v=NWxfeQA3lI4
you can wallow and endlessly ruminate in bear market depression like op or wait and see
but waiting and seeing is much easier if you have TAKEN PROFIT

>>53698550
from twitter as zoomers can't watch more than 30 seconds of video

>>53698394
>Already happens, third party setups exist in real life, just look up BNY Mellon
The usecase for chainlink as a third party is a (potentially) cheaper solution. Obviously the devil is in the details and I can't begin to tell you what BNY Mellon charges in those sorts of situations vs what a potential chainlink oracle call might cost, although worth mentioning 18 decimals means the token can effectively handle almost any level of transactions imaginable.

>Not sure I understand this point to be frank
With a DON, you can configure to have as many or as few data sources as possible, but in the system as envisioned in whitepaper 1.0 (which admittedly still hasn't been realized), nodes must report accurately or be slashed and lose their collateral. If the oracle layer does not have that staking incentive, they can report inaccurately, either to profit directly or be bribed (whitepaper 2.0 addresses the latter with super linear staking). Admittedly this is a problem with the current setup for the chainlink network, though one that's difficult to solve, as the only parties currently using it are DeFi, which for the most part do not care or require the sort of security staking offers, and are comfortable with a centralized service.

The big chicken and egg question is, will tradfi services (potentially swift and others) eventually demand access to blockchain and be the first party that require true staking? Or will true staking be implemented somehow with DeFi first, and be used to prove the network's potential and attract tradfi?
If that question were already answered, there'd be no debate on chainlink, either the value would have already skyrocketed and you would have missed it, or it would have crashed back towards ICO levels as the market moved on. Its a massive risk:reward play right now because we don't know the answer.

>>53698577
>will tradfi services (potentially swift and others) eventually demand access to blockchain and be the first party that require true staking?
Wouldn't the day the tradfi services start using the blockchain coincide with the day the data sources also start using the blockchain and make smart contracts directly selling the data to aggregators, cutting out the link-nodes completely?

>>53698707
we really are back in 2018

>>53698564
>>53698550
Excuse me, but don’t come into my thread and claim to speak for me. I’ve grown in my knowledge and found elements of the chainlink system that don’t make logical sense, I used to like the system but no longer see it making logical sense, as per the thread.

I have disrespected nobody in this thread by extending false pretenses, extend me the same gratitude

>>53698577
That is a big presumption of the contract working as needed, when in our earlier posts we’ve identified there’s no logical sense in immutable financial contracts that do not work

>the white paper as envisaged
Debunked in the first post, as per the staking system serving the data consumers. Staking does not matter if the data production itself is insecure. Currently we solve that issue by using reversible mutable contracts.

>will XYZ company demand access to the blockchain is the question
They can already paper trade Bitcoin without using the blockchain at all. There’s nothing special about it that wont allow it to be custodied the same way as any other asset.

So with that being said, we’ve already debunked why simply wanting a smart contract is not an incentive to move on the blockchain, as it can be accomplished similarly and easier with existing infrastructure, as immutable is not a selling point.

>>53698755
remember that one day you will need to answer to god

>>53698755
First of all, I'm going to check you even though you didn't check me.

But the issue with everything you've already said is trust. All of these parties have to trust each other. The entire point of the blockchain is a trustless environment. You cannot replicate what a smart contract does in a situation that removes the trust requirement. And I understand your argument is entities are comfortable with trust, but all it takes is a few of them to decide they prefer a trustless approach, and eventually all will have to meet that standard. That's essentially what chainlink is banking on right now with their interactions with swift.

If you think its a poor bet that's fair, but it doesn't really explain why swift is continuing the dance this far into the game. What exactly are they getting out of it? If it's all an elaborate con, with no actual endgame in sight, it would be one of the more impressive ones I've ever seen. What is Eric Schmidt getting out of this association, for that matter? I know these are a bit off topic to your main questions, but if your thesis is correct, they're still relevant points that deserve scrutiny.

>>53682712
Gold miners actively work to fuck the price. They make money from increasing the supply you fuckwit

>>53698776
Youre such a fucking loser, and a coward

>>53699004
>the entire point of the blockchain is a trustless enviroment
So you can trustlessly lose all your money when data providers decide to collaborate and steal your derivatives contracts? So you can trustlessly lose all your money to contracts set for years in the future you can’t stop paying out on due to the provider capturing the algorithm?

The main issues with the derivatives system in the past 20 years have all been from providers, not consumers, the third paragraph of OP.

>thoughts on swift Eric Schmidt
I don’t really care, I see those as marketing points not product related

>>53699027
You yourself can go out and grab a pick axe and find gold, fuckwit. We moved away from doing it that way for a reason

So… basically just use a regular centralized API, and insured it with kleros incase it ever goes wrong?

>>53699004
>theres no way Enron could be a fraud, the attorneys and Arthur Anderson signed off on the accounting and the deal structure
>You can trust Kenneth Lay, George Bush Sr wouldnt associate with frauds
>Tom Brady trusts his crypto in FTX. Do you really think you know better than his advisors?

Appeals to authority are dangerous

>>53699103
>The main issues with the derivatives system in the past 20 years have all been from providers, not consumers, the third paragraph of OP.
I'll be honest, I skimmed your OP, but looking back on it
>The main proposition of crypto has always been the speed of transfer and accounting
I'm questioning if this entire thread wasn't a massive troll to begin with. Your claim to have made some massive profit on GME only adds to that, though I glossed it over initially. This feels like astro tier posting, which I'm honestly impressed with.

Besides that though, to still somewhat address you in good faith, derivatives has always been the final meme usecase, the key to 81k. There's a long way between DeFi and there, so to skip straight to that to debunk chainlink is a bit presumptive. If anything, I'd start with swift/ccip, as that's the next frontier for link, and if that works out, you're going to see another massive link bullrun regardless of them ever capturing the derivatives market.

>I don’t really care, I see those as marketing points not product related
OK but the premise in your OP is that chainlink is a long con, so relevant to that, how do they play into the con? What are they getting out of it? Is Schmidt being payed even though he's already the 25th richest man in the world or something? Does this benefit him in some way we aren't aware of? Is this all a big show to help his sugar baby out (yes I'm aware of that fud)?

>>53699131
Its not an appeal to authority, I'm just asking what the benefit for the other party is. They have to be getting something out of the deal under the long con scenario. That, or they're being conned themselves.

>>53699256
>derivatives has always been the final meme usecase
good to know that this piece was marketing fluff
https://blog.chain.link/solving-deep-seated-trust-problems-in-derivatives-using-chainlink-enabled-smart-contracts/
let me guess, OpenLaw, DocuSign, IC3, Oracle, Digital Asset were all "meme" usecases, only SWIFT mattered from the start so let's all be good goys and give them the benefit of the doubt for a couple more years

>>53682805
>>53682538
kek he never came back, absolutely btfo. Chainlink is appearing more and more like a grenade meant to obliterate neets on here to prevent wealth and independence. Everything Sergey has done has flown directly in the face of the people holding it

>>53682453
>02/13/23(Mon)04:32:01
>>53699111
>02/14/23(Tue)11:46:11
>29pbtid
please refer back to
>>53689607
lmao the absolute state of fudcucks, literally spending all their waking hours seething about an apparently unimportant shitcoin that they dont own on a board that doesn't matter

A completely decentralized network(s) supported by low latency high quality data, quantifies human nature and enforces truth. enabling guaranteed uptime, suddenly there’s no need for business days, no need for business hours and to be truly honest, while you may not like it, this also introduces a world governing system. No more siloes, just mathematical truth. Can there be ethical problems that arise? Sure, this has never been done in the history of humanity, but here we are. Are you scared of the future or just trying to get some faggots to sell their link for Cheeto dust?

>>53699256
>swift not derivatives
Lol, if you’re gonna throw shit on me for saying I made money on GME then how about I call into question if you’ve ever used swift? Ever sent a 202?

To address your “good faith” post, smart contracts are all about derivatives, swift has no use for smart contracts. What swift wants is the record bank, it takes a ridiculous amount of storage up and a blockchain to store each financial transfer. The actual process is extremely quick already. Literally the reasoning ass blaster outlined was derivatives and smart contracts.

>Schmidt long con ect
I don’t care about analyzing those things, I’m analyzing the project not the community.

How about we call into question your post here, which is entirely filibustering away from our discussion?

>>53699456
If we want to wax poetic and philosophical, you already live in a “decentralized” world where your actions and choices are yours and yours alone. No amount of technology will make you more free, as it is a tool in the masters hands

>>53698550
you seem to be making a lot of assumptions about me here, anon.
Firstly I will say that I pulled out of the markets in dec/jan 2022 and was fully out as soon as the Ukraine war started, I did take my profits and as such I have no financial or emotional investments right now.
I'm sorry to disappoint you that I am also not experiencing this "bear market depression" you mention.
I'd have to admit that "That talk from last smartcon shows that they're in the game and fighting" will not do it for me, just re read what you wrote there and compare it with what was "supposed to be".

The truth of the matter, anon, is that you were conned and you seem to be too proud to see it.

I don't understand anything in this thread

>>53700060
It’s an autism fight on the upper astral plane for sure, but I beat the chainlink team and provided explicit real world examples of the flaws in their system.

>>53700060
Chainlink is a grift. They claim they will be adopted by the business world (“enterprise” is their buzz word there, when in reality theres no demand for the product.

Here is their twitter today about helping with NFL lotteries. According to the cult here, this is the “future”, lol.

>>53696393
Well said. I have said this before, but the only way a link baggie is going to sell in profit is to somehow find a much larger pool of retards to believe the schizo link posting, it’s just never going to happen. And as op mentions, this speculative ‘smart boy’ circlejerk doesn’t hold water

>>53699882
dude you've got swift and dtcc representatives speaking with lots of bullish stuff. you'd be dumb not to still be in the game and to have filled you're v0.1 allotment with build airdrops coming
obviously this is a high risk, high reward play just as it was back in 2018, no idea how you say what it was "supposed to be" when we had fuck all to go from back then. there was the hopium here but this a new and highly speculative market and still is
https://www.piratewires.com/p/crypto-choke-point
anyway you did better than the dr;ns retards so well done there. i sold half my stack on way up and took massive profits but want to keep at least 10k in if they do actually pull this shit off
>>53700518
when did you lose your stack retard? 2020 defi? aave loan? bancor? kek
https://www.prnewswire.com/news-releases/tp-icap-is-supplying-high-quality-forex-data-to-blockchains-through-chainlink-301743120.html
imagine sitting here in 2022 spamming fud. pathetic.

>>53697888
>take profit
This is /biz/ we’re talking about lol

>>53696393
What would be cool was if there were a way to filter LINK threads, so that you aren't required to post in them anymore. Someone should make that.
>>53695836
How many times have you made this thread? How many more times will you make it? Please respond to each question with a positive integer.

Great thread. I think OP needs to consider that the brand and reputation of a company is at risk when providing data within a DON environment – it’s harsh and the auditing pressure comes at a much faster rate than TradFi regulations. T-Systems, Swisscom, Accuweather, etc. They are putting their reputations at risk.

You also have to consider that once all assets are on-chain, BI and SaaS analytics companies will be sifting through each DON – they will provide insights to the Chainlink Foundation and this will only further constrain producers, which will force them to do what’s right and not deviate from the protocol. Look at what those apes at Chainanalysis are capable of - they’ll cover DONs eventually.

The elites can slowly but surely put up the right parameters to ensure that the majority of the data providers on the network are not manipulating data.

Time for nap nap.

>>53682453
>>53682463
>>53682468
>lol what if someone lies to the oracle?

I promise you the devs have already thought of this.

>>53682453
This poster is German (Germany: home of such fine crypto products as Unibright and Lition), and therefore wrong.

>>53700951
>someone named moonman says icp is good
>they bought
>someone named assblaster says link is good
>they bought
Anon, I...

>>53700983
filters are useless when half the threads purposefully evade them

so linkies prefer bumping their schizo suppression thread full of NIGGER combo spams instead of engaging in actual discussions about the project
really makes you think

>>53699256
>this entire thread is a massive troll?
>astro tier posting
predictably, link shills resort to blame the imaginary adversary tripfags instead of attempting to refute the arguments, "cause all of these things were discussed in 2018"
newsflash people, it's been 5 years since then, it's about time to reevaluate and have an honest discussion
if you feel these issues have been debunked, please go ahead and offer your rebuttal instead of more arrogant and condescending useless shitposting

>>53701110
They haven’t though. Their answer is that all the data should be decentralized with multiple sources so they don’t have to think about it

>>53703555
checked and bumped

>>53704328
Thank you for keeping the thread bumped while I slept anon. It would be a PITA to repost this and tackle the same arguments again

>>53704455
checked again and np mate, I greatly appreciate what you've done here

>>53701099
>T-Systems, Swisscom, Accuweather
I guarantee you that these entities don't give a fuck about a small subsidiary of them utilizing a minor piece of experimental technology netting zero profit while being entirely subsidized by Chainlink, this is akin to a small time pet project students do for fun
in fact, this made me realize something
Chainlink and by extension crypto industry as a whole, feels like it should be an academic beta project away from the public eye instead performing fraudulent IPOs (ICO) aiming to create more speculative PnDs

Bumpp

>>53701185
>Lition

>>53705011
Sure but telcos and large data producers won’t miss out on supporting next gen infrastructure.

Look at the amount Arbol just posted. Shit is going to get insane real quick.

https://www.arbol.io/post/arbol-transacts-170-million-in-gross-written-premium-in-2022

Obliged daily bump.

I'm sure this thread has made a few morons question themselves. Unfortunately these people were conned and you know is 1000 times easier to fool someone than to convince them they have been fooled and their emotional investemn, greed and pride blinds them from seeing this fact. As such I really have no sympathy towards any linkers. You wanted to lure in the suckers when you yourself were the sucker. And for that I'm glad. Nothing like watchin a coping linky get assblasted from all sides (including their messiah dumping on them). Unable to spew out their nefarious dog turd of link propaganda.

I'm so glad that after all your conning, deception and predatory, cult-like behaviour. You are alone, massively down and demoralized.
How does it feel to be up 10x after 5 years? Any shitcoin does that in less than 24 hours, stinky.

>>53707537
kek I find amazing how they've even resisted the urge to derail this thread with spam, they're going for as little visibility as possible

>>53707537
"Not really. OP just thinks data providers will inevitably betray which would ruin the entire idea behind hybrid smart contracts. However, that’s not a guarantee, especially considering the momentum Chainlink has at the moment. If a producer is found to be manipulating their data, their reputation would be annihilated quickly, as there will be a thousand eyes on them when their data comes into the DON. The same cannot be said right now within TradFi, as you can see by checking Twitter during a DeFi hack. There are always people calling it out. Imagine when massive BI companies and the Chainanalysis of the world are all watching DONs.

If you look at the last paragraph of his original post, he's talking about TradFi automation standards. Yes, we know that the broker-signer relationship is digitized for the most part. That’s the case with most of SaaS, but there are still process flow limitations compared to smart contracts. This is undeniable when you see things like YEARN being used or the simple fact that you can borrow and lend on AAVE without a broker in place. That, in and of itself, creates a new standard for finance, and I think even the filthiest of boomers would find it interesting. Ultimately, smart contracts will bring to the forefront all of the flaws of legacy systems, such as being not auditable, middle man value extractions, post-execution process flow limitations, business logic only for basic servicing, etc.

I’ll bet on Chainlink. See the gold example below. Imagine when weighted IoT hardware gets combined with the automation tooling of a smart contract. The possibilities with this technology are endless.

https://www.chainlinkecosystem.com/ecosystem/cache-gold"

>>53682453
Hey its my turn to make the chainlink fud thread!

>>53708260
>that’s not a guarantee
there's literally no guarantee on them NOT doing it either
>if a producer is found to be manipulating their data, their reputation would be annihilated quickly
Goldman Sachs and JP Morgan would like to have a word with you
>There are always people calling it out.
people have been screaming on every available platform about tradfi fraud since 2008
>This is undeniable when you see things like YEARN being used or the simple fact that you can borrow and lend on AAVE without a broker in place
I'm sorry, is this bait or perhaps have you been living under a rock? AAVE is literally acting like a centralized broker themselves
https://protos.com/defi-protocol-aave-faces-bad-debt-and-centralized-points-of-failure/
you people can't seem to realize that every iteration of crypto so far has acted more like a shitty, scammy version of the already existing TradFi circus MINUS the government bailouts instead of the decentralized, transparent truth powered utopia you constantly evoke

>>53708260
>op thinks data providers will betray which ruins the entire point behind hybrid smart contracts
Did you not read the thread? They already betray you, without a smart contract. This will make it easier for them to manipulate

>Yes, we know that the broker-signer relationship is digitized for the most part but there’s still inefficiency
You're thinking like a programmer. The broker has all the power in the relationship, they could make the process faster and immutable already if they wanted. Why create immutable losses. As another anon said earlier in the thread, if it’s about good enough hooking up an API to your positions and forcing the buyer to accept it is good enough while creating immutable contracts exposed to algorithmic losses is not good enough.

>see below, iot ect
I don’t know enough about IoT to comment. I do know enough to know it does not make financial sense for link to be involved with smart contracts that capture the derivatives industry though, that shits a fucking pipe dream and ass blaster lied to you

>>53708437
>Did you not read the thread? They already betray you, without a smart contract. This will make it easier for them to manipulate.
Then they'll be slashed and another producer will be used instead.
>You're thinking like a programmer. The broker has all the power in the relationship, they could make the process faster and immutable already if they wanted. Why create immutable losses. As another anon said earlier in the thread, if it’s about good enough hooking up an API to your positions and forcing the buyer to accept it is good enough while creating immutable contracts exposed to algorithmic losses is not good enough.
yes, they can make it faster today but the logic is missing with traditional digital agreements - they cannot be programmed. Also, the broker has all the power right now because they're not being financially slashed when providing flawed data - that changes under a DON. They will simply get booted off the network when they try to manipulate all the other nodes on the network. I don't think they can manipulate everyone (see pic related for the nodes supporting the ETH/USD feed). I also don't know if there are limitations to the amount of data producers that can support a certain DON, your argument goes out the window if chainlink DONs can work with more than say 30-50 nodes and still come to consensus on a trusted answer. Data producers in that case cannot manipulate all parties in that case and they'll just get replaced (on a long enough time frame) if they decide to opt-out.

>>53708574
Fuk, forgot the pic. I'm waging right now.

>>53708574
so you literally believe that JP Morgan (data producer) will get "slashed" and thrown out of the network? congrats, you just lost access to a market cap of $420b, accounting for approximately 7% of the total banking mcap

>>53708667
Yes lol. Again that $420b market cap is within the traditional finance world. In the new world spearheaded by Chainlink, they’ll either work within the DON to service smart contracts with SLAs valued in the hundreds of millions or they can just die.

There’s an incentive here to act in accordance with the protocol and that only grows as the value of each agreement gets larger. Once the parameters are set forth with Chainlink and staking 1.0 works as outlined in the white paper, you best believe that smart contracts will be used across all sectors and at an incredibly fast rate. The abstraction layer isn’t live, nor is DECO.

>>53708574
>Then they'll be slashed and another producer will be used instead.
>Also, the broker has all the power right now because they're not being financially slashed when providing flawed data - that changes under a DON.
>Data producers in that case cannot manipulate all parties in that case and they'll just get replaced (on a long enough time frame) if they decide to opt-out.
Incorrect, you cannot slash a data producer from an immutable contract as per our LIBOR and CDO examples, you did not read the OP. If the contract is based upon a faulty data series, the oracles will all be reading and affirming faulty data. You will have opened yourself up to potentially unlimited losses

>>53708840
>legacy finance juggernauts will simply bent over
I don't think you understand the banking sector at all, anon, they control the price, the supply, the rate, every aspect of the market from top to bottom, it is very easy to accomplish this when you have unlimited supply of money
in short they are the market

My trap card has been activated to counter the last two replies.

Check pic related.

Us linkies will stay comfy.

>>53709435
That picture does not relate though, as capturing the actual data production has nothing to do with a Sybil attack, which is aimed at capturing the nodes. This picture is correct in that sure this system would have high costs to attack the oracles via Sybil, it costs the actual data producers nothing since they don’t run the nodes to collude and provide incorrect data.

>>53709696
You’re missing the big picture anon habibi.

Chainlink is scaling in a way that ensures all data providers are good actors and can provide data “initially” that aligns with the protocol. The picture covers it all, they will take their time to pick and choose data providers, then they’ll wait and make each of them prove themselves in battle. In other words, these data providers can play by the books and get paid at an increasing rate so much so that playing by the book becomes the gold standard for data producers.

Sybil attacks will also be covered but the idea that any data producer will suddenly join a highly competitive DON environment with the intention of manipulating it won’t happen with their current approach. Slow and steady until they can handle a beast like JPM who has level 99 manipulation powers. That’s what I get from that picture and the link below will continue to happen.

https://www.prnewswire.com/news-releases/tp-icap-is-supplying-high-quality-forex-data-to-blockchains-through-chainlink-301743120.html

>>53709894
If a trusted data provider is offered a lucrative bribe to provide faulty data and decides to act on it, will the only punishment be a loss of income for that data provider as it stops being used due to loss of reputation? Or are there any other forms punishments that are more instant (such as slashing or whatever)? (i'm talking about data providers, not nodes).

Thanks for informative comments btw. I have for a long time been interested in exactly how and if DONs will work. I think the success of chainlink relies on there being strong enough incentives for the data providers to be kept in check and resist strong bribes. If the incentives are strong enough, i believe chainlink will succeed. It doesn't even need to work 100% of the time, it just need to not be worse than traditional finance.

>>53682453
>>53682463
>>53682468

“Sry” *scratches balls* “errrr” “errrrrm” *PPPRRFfffffffft!!* “can’t sell” *takes bite out of Bigmac* *chomp* *lip smack* “staking” *slurps soda pop*

>>53704455
>nRK9K95
checked and bumped.
You just commited genocide dude!

>>53703555
> *multiple sources band together for their benefit to display false data*
"heh, nothing personnel, kid"

This thread happened to me the other day IRL.

My Door Dasher spent, I kid you not, ten solid hours fudding Chainlink at my doorstep when I left to wage. I have the entire recording on my ring camera and yes I do intend to press charges with the county.

Hate this scam

463 link here. Never not selling cause I swing trade. (Yes, I deserve the rope.)

>>53709894
I don’t think YOU are seeing the picture though. You are conflating reading the data with producing it. Your argument can be deconstructed, as I see it then, into two paths; 1, You will either argue then that the oracles are as involved in the production of the data as the consumption. If say an exploit is found in an algorithm that multiple oracles are supplying to contracts, you will say the oracle that “fixes” it should be right. This dissolves the game theory these oracles are based around now, as they must either choose to provide the correct algorithm as known by the algorithm provider, or they must choose to go with the algorithm that is not broken but not provided for the purposes of the contract consumers needs. This further breaks down when you realize this means staking requirements must be fit to such a market. Examples of this would be around chain splitting due to bugs, do you choose to go with the original chain for data integrity, or the chain with no bugs, or if not a decentralized chain this brings us to: 2, you identify a single data series to watch, you identify explicitly which algorithm to watch, and you choose a central provider for that data, who’s algorithm you use, in which case it no longer matters how many oracles you have reading it as whoever “owns” this algorithm now can be captured. If the chain split and the ETH foundation owns the chain, that is a single point of failure for your contracts. Examples of this would be multiple sources for BIS algorithms but only one BIS.

It does not make logical sense, and Sybil attacks do not have to be one individual, nor do they have to be intentional. It’s logically flawed, and their attempt to capture derivatives alone shows it. You don’t need a billion oracles reading the EFFR, since the fed can decide to just fuck the contracts without any incentive staked in the nodes.

>>53689607
Bruh….you think I’d work for free?

You "people" are fucking retards desu. The data sources in the future are individuals spreading information. This is how they plan to vaccinate (you)
https://patents.google.com/patent/US11107588B2/
>G16H50/80 - ICT specially adapted for medical diagnosis, medical simulation or medical data mining; ICT specially adapted for detecting, monitoring or modelling epidemics or pandemics for detecting, monitoring or modelling epidemics or pandemics, e.g. flu
>data mining
>detecting, monitoring or modelling
But have a look at the infographic for super spreader diagnosis pic related
>an angry person spreading factual information about elite fornication with minors
You are now just another device that is if you took the vaccine like a retard
>System and methods for anonymously selecting subjects for treatment against an infectious disease caused by a pathogen. The system comprises a plurality of electronic devices comprising instructions to generate an ID and, when in proximity of another such electronic device, one or both electronic devices transmit/receive the ID to/from the other electronic device. Then, a score is generated based on a plurality of such received IDs.
>Additionally, based on information received from a server, relevant treatment instructions are displayed to the subjects based on the received information and the score.
What do you the term "treatment" means in the context of the UN's war against what they classify as misinformation?
People spreading anti-government truth will be dealt with like any other disease and eradicated. Don't take my word for it. Read the patent. You are just another device with an ID. Your phone and other devices talk to you and everyone else you come into contact with.
It's a brave new world out there and Chainlink will LINK all these devices and you can't stop it.
Yes, everything you know and love will be stored on government approved blockchains
Yes, you are just another data vector the same as any other device.

oh shit the pic

>>53708907
You don't understand the CENTRAL banking sector at all. They don't want any of these banks to even exist. In order take over these megabanks roles, the central banks need an automated, trustless system that works no matter the location, time or day. The whole point of any technology under this machine is for assistance in CONSOLIDATION. A process we have seen across the board in all industries and all nations for thousands of years. Fuck any other ''breadcrumb'' or marketing gimmick, the second I realized Chainlink is essential to the CBDC architecture, I knew it was a bet worth making.

The pandemic and the lockdowns were just an excuse to get everyone through the installation phase. That has passed. Now they will activate the system. They have been researching apoptosis this entire time. A kill code for people in other words.

All these died suddenly events were government approved assassination events. The central authorities now have complete control over your life and can terminate you at any given moment. Spread the truth and you will be terminated. Luckily I can speak to you now in this Chainlink FUD-a-thon thread that OP has diligently kept bumped for a number of days. That's important because only a select few should receive this information.

The movie The Kill Room details apoptosis in the post 9/11 context of terrorists and transforming civilians into weapons capable of dying for their country if the need arises.

What does that have to do with the above patent?

The rationale for vaccination follows the regulated self-death of cells, apoptosis is a very regulated process and governments love regulated processes once they understand them.

First you needed to do it to protect grandma and grandpa then you had to do it to protect others and you had to be faceless by wearing a mask. The movie The Killing Room talks about how the individual had the mentality to commit suicide so that the other guy would survive. He was capable of self-death because he thought someone else would survive.

They dehumanized you and transformed you into another device but not a battery like in the Matrix. You are now just another data producing device. Data is the new oil and the new data miners want to make sure they are properly positioned to be in complete control when this new shadow system is fully operational. The old data hoarders of Web 2.0 will not have the same level of access that these new systems are capable of achieving but they will share and share alike to achieve counter parties and data lines will draw new country lines across the map.

>>53711574
I don’t know a ton about wearables IoT, but all you need is hard financial numbers to disprove this. I imagine this would go something like this;

>boss says I can’t have day off
>call out sick, oracle checks to make sure I’m sick
>got myself sick on purpose, boss now can’t force me to come in due to smart contract

Create immutable contracts create immutable losses

>>53711766
>new data miners
Speaking of miners, some anon posted last year that Chainlink staking was the new btc mining, do you think this has merit? Also, since data is the new oil, do you believe that analogy wise, Exon Mobil is to oil as Chainlink is to data?

>>53711783
Wearables are not needed. You have a phone and have been vaccinated. That's enough to do a two way handshake before you come into contact with any one else.
The only solution is to stay away and completely disconnect but this assumes the MRNA devices cannot spread via touch like shaking hands or having sexy time with a nice ladyboy.
They probably laced the chemtails with it for aerosol delivery.
Going forward with the proposition that most if not all have been vaccinated we are now part of a data grid that connects everyone and everything. Everyone and everything are now data producers. Chainlink oracles collate that data medianize it and write it on chain using the ERC 677 transfer and call standard. They write to any blockchain to begin with then only to government approved blockchains them to the coming post nation-state data conglomerates that will define the new lines on the map.
Everything is data now

Data equals datum.

Welcome to the singularity.

>>53711812
The ultimate predictive resource is data.

Get enough data and it will tell you the future.

Controlling time is important for any number of reason not just transportation of resources. Your physical analogy is bunk anon. Chainlink is much more than just one major oil company with a 90% market share. They will eventually come to control time itself and have significant predictive abilities on the future and the way in which people think live and interact with each other.

When the past and the present combine to create the future in earnest imagine just how valuable that will be

>>53711878
This is presumptuous and incorrect, and speaks nothing to the massive holes we have outlined in the system in this thread. Fear monger all you like, If even one person can learn to fabricate their heart rate, boom huge immutable loses to a system setup to measure heart rates with no controls for anyone who can do it themselves.

Making what you described reality would require being able to know future knowledge, but if you can know what knowledge you have in the future it ceases to be future knowledge for you have it now.

Silly anon, silly. Read the thread

>>53711934
To define a given system you have to understand the parameters that define the system but what if the information outlining the knowledge you think you have has been carefully edited in a way to make you cease further investigation into it. Even if you looked hard enough eventually you would come to the same bars that stop you in your cage. Only you don't understand the nature of the cage so you cannot fabricate lies when you don't understand the test.
The movie Gattaca details what you think you are trying to do. They understood the system and were able to bypass it through a black market analytics type of operation.

This assumes that the black market is ahead of the curve and understands the nature of the system.

>>53711973
>to define a given system you have to understand the parameters that define the system
Incorrect. This incorrectly assumes that a given system functions primarily within identifiable parameters, as opposed to systems which can appear to have certain parameters which are actually derived from unrelated parameters.

The easiest example of this is in finance is “trapdoors”, where certain economic conditions with observed parameters, market go up due to house buying, are suddenly usurped by the actual system that rules it, swaps get rated lower and market crashes.


>don’t understand the test, so cannot form lies
You can accidentally form the correct lie. So setup the world with immutable power systems and hope that nobody accidentally destroys your system?

>this assumes the black market is ahead of the curve
I don’t remember much from gattaca. If something works, it will be the system. I know this is broad, but essentially it wouldn’t be the black market if it actually worked, to de-convolute this thread if you can break an immutable smart contract then you are not the black market, you now own the system as you can make it do what you want.

>>53712117
You don't understand. The system has already been rolled out. I detailed the individuals responsible for providing the data. I assume that most have become part of that system. This is a system that talks to each other (peers i.e. other humans) and to other devices (your phone and your frens phone and other IOT enabled devices).

I did not detail for you the energy provisions required for the system. Bill Gates patented something called WO2020666 human body enabled cryptocurrencies in other words converting human energy to spendable money. I see it as a trade. Your body is spending energy and the by-product of this is data. The data is harvested by these new devices that are already in your body either by direct injection or inhaled or transmitted via touch by being in close contact with another vaccinated person. The virus in this instance might just be another vector for transmission because both can make you sick.

The 5G towers that sprung up while you and every other anon were focused on chainlink Qanon trannies or whatever non-issue are the amplifiers and data nodes for this new system. Satellites are not trusted anymore so they have to go Zeppelin with spy balloons because data flows. Every one lives in this system right now and you and I do not understand its capabilities but I can extrapolate.
1. everyone has been tagged
2. monitoring is automated
3. it was deployed in plain sight and exists today only you do not question it because you are focused on some psyop
4. the constant psyops are testing your reaction for analysis by the system
Call it what you want but I strongly believe everyone is already part of that system.

>“trapdoors”
I responded to this. See psyops for system testing and related calibration

continued

>>53712339
Let me stop you right there, now you’re getting outside your own argument and changing goalposts. If you’re just here to tell me how you personally believe the world works I’m not interested. This is a thread specifically about how the fundamental idea of chainlink is broken, I do not care about bill gates or microchips. I am willing to have a debate if I think you’re going somewhere with this but you just with to blather, and that’s fine but I’m not responding.

>>53712117
>You can accidentally form the correct lie. So setup the world with immutable power systems and hope that nobody accidentally destroys your system?
5G towers are still standing.
How do you uninstall the virus? By testing yourself and getting the vaccine that connects you to the system?
> don’t remember much from gattaca.
Essentially the guy is not up to spec cheats to go to space and the only person to notice is the lab tech testor who ignores data because of some emotional bond with the guy's hopes and dreams. Space is a lie but the main point is that data was ignore by human non-intervention. this is not possible with the system I believe has already been rolled out.

And since the system was produced by entities with the most resources we can assume that it will be in passive mode for decades collecting data and making moves that no one would understand like what the allies did when they cracked the Enigma codes in WWII. See desu there are no cousins going to war and there are too many new parties for trust to be achieved.
Have you see the Orphic Egg with the Sine Snake wrapped around it?
The symbol has three parts listed.
Virtuous i.e. what is stunning and brave? When did that change?
Necessary: what was listed as essential and non essential during the lockdowns? what was necessary?
Beauty: black is beautiful white is not.
All these things form the basis for the Great Reset in the mind.

>>53712424
Chainlink is what connects all these systems together in public. In private they are already connected as I have detailed. When you start receiving crypto currencies for "nothing" maybe you will be asking the same questions I am now like the SEC are asking questions about where crypto yield comes from

In the Bill Gates system crypto is paid because people produce energy which also produces data as a byproduct. That data is harvested using the vaccine and 5G towers to produce a grid that can predict. This is how the central government retain authority in the face of the vast data empires like Google and Facebook.

I dont recall ever seeing Link dismantled like this. This thread is amazing.

And the relationship between WEF Bill Gates Chainlink and these towers that are still standing is the elephant in the room that no one wants to talk about not even the Chainlink fudders. Of course I believe we profit eventually from this system but it is still shackles and chains. There is no escape from this system and you mindlessly entered into it without knowing the consequences because of the noise and surely you know they rewarded LINK holders during the lockdowns everyone was happy but now they punish you for not engaging with their system and fighting back against it
Here are some questions that might help
>what is the relationship between 5G and vaccines?
>what does apoptosis mean for society in the context of current events and overpopulation?
>what would apoptosis look like if there really was a kill code that could be activated remotely?
>how would you detect traces of this new type of program?

>>53712424
He had to play the “im such a cryptic autist” meaningless ramble card to derail from losing debate. Very sad and cringe

>>53712488
>>53712569
Thank you anon! I do owe some of it to them, I could’ve ended up in a dead end accounting job with chainlink all those years ago, but instead now I get to actually work with esoteric derivatives at a real bank.

I find it bizarre I never read any of the research around any of these patents. Instead I mostly see Chainlink was mentioned in paper X anons this is it TONIGHT!?
>WTWFT!!!?
and so on but no one seems to enjoy discussing the bars that make up our new cage. Wittgenstein said that language forms the bars of our cage and that language problems are the root of most philosophical issues including arguably the oracle problem
>>53712569
what debate? Chainlink is our new prison. AI guardrails do not matter when they can execute people remotely through this new system they have achieved total control over all populations. What happens next is more interesting.
I wrote about this already but you don't understand it because you are paid to centralize the discussion around chainlink and you won't discuss the elephant in the room either. Make a new ID and gerrymander harder bro

>>53712569
>>53712600
Samefaggot lol

If I was you anon I would think hard about apoptosis in the context of diedsuddenly, viruses, MRNA vaccines, 5G towers, and Chainlink. AI is a programmed distraction many believe to be nothing more than skilled pageantry.

Also

>I am proud to wage

In the near future you will wage without even knowing it. Chainlink may connect the tech in the public's eye but privately and secretly they have it all up and running

>>53712665
I don’t care to change the threads topic. Apologies. /pol/ is absolutely more receptive to this than my thread I guarantee you, if you’re interested in saving the breath

>>53682453
Ass blaster made me millions, what have you done for me?

>>53712600
Whats your background and how did you land your bb role? What team are you on?

aand here's the derailment spam
about time

>>53712698
I’m not divulging that I’m sorry. I work with derivatives for a bank. I apologize, I’m sure you meant it in good faith, but you never know who’s watching, especially in a thread that’s talking bad about a business with money, calling into question their logic.

>>53712729
I was just about to post it looks like the discord derailers have arrived

>>53712685
>I have two devices see it's real!
The thread topic is still you don't understand the nature of the system i.e. the bars of your new jail and chainlink is bad but it is just another distraction while they set up their new 5G vaccinated grid. This is not a /pol/ topic because the Bill Gates 666 patent is crypto currencies paying people for harvesting their data because you let them as you turn energy into data. 6.66 is also Chainlink's price but that's just a cohencidence.

And since you don't understand the nature of the system by your own admission you cannot claim what is outside the topic. I can help you but you are already vaccinated and probably used food delivery services during lockdown so you have been added to the system

>>53712729
>>53712740
Oh no what a cohenicence my posts are (((spam))) i.e. what we dont want anons to discuss i.e. censorship.

Chainshit is bad by the way but not as bad as connecting everyone to a 5G grid that can cause apoptosis in a targeted manner

I am just one anon desu desu desu

I liked it when Chainlink pivoted to AI after their marketing began to lose relevance and all the shills in unison like the news began to shill AI + Chainlink partnership confirmed but they don't talk about the Bill Gates 666 patent because turning people into data is NOT WHAT CHAINLINK IS ABOUT NOT THAT KIND PF DATA BRO EVERY OTHER KIND
Microsoft work with Chainlink but not on health data!!!
frens we have been betrayed more than you realize

>>53711662
>the central bank doesn't want the other banks to exist
are you just making stuff up in your head?
these "other banks" created and own the central bank, retard
http://www.save-a-patriot.org/files/view/whofed.html

The master hath twittered about AI and Chainlink anons do not lose hope!

Ignore what I am saying about the 5G vaccination grid and the Bill Gates 666 patent do not investigate turning people into data producers for a global control grid this is NOT what the illuminati I mean CHAINLINK are about!
We are a protocol of peace!!!

I know you're only here to derail, but in case you're not baiting (lol) here's a thread where your insights will be greatly appreciated>>53700818
>schizo illuminati accumulation range of $6.66
personally I don't really mind if you stay, at least you keep this thread bumped

>>53712967
I read your thread and the other ones anon 6.66 is a breadcrumb connecting you to the Bill Gates crypto currency patent number 666
https://patentscope.wipo.int/search/en/detail.jsf;jsessionid=BF70035C521CFF8BDFED61CF178251B2.wapp2nC?docId=WO2020060606&tab=PCTBIBLIO
>CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA

Keep this thread bumped and MODs please sticky it Chainlink is evil but it is one side of the coin. The other side is what I have written about in a sane and coherent manner e.g. government plots to assassinate random people just because they have a power issue and see plots hidden in the minds of everyday civilians. 9/11 was the pretext for total war against the civilian population but now they have found a better use for the so-called useless eater: turning them into data producers. This is why Chainlink have not let anyone into their public facing network because we are all connected to the new 5G covid vaccination grid and are happily producing energy living our lives that is converted into data the very mechanism of enslavement!

Total domination of the human race by its own data! WE ARE SLAVES TO OUR DATA DONT YOU SEE???? NIGGERS PLEASE WAKE UP WHEN CHAINLONK STAKING GOES LIVE EVERYONE WILL BE ON BILL GATES UBI AND BILL GATES WILL BECOME THE EMPEROR OF ALL THE KNOWN DATA

Listen carefully and you will hear those MRNA robots burrowing through your brain!!!!

Holy fuck Ari Juels and Sergey are trying to derail this thread on TWITTER RN FR NO CAP

SUSIN MAD DAWG THEY BE IN ON IT FR

5G Covid surveillance and remote apoptosis devices!!!

THEYRE IN MY BRAIN AGGGGHHHHHHHHHHH !!!!!!

They called me mad when I said that Eric and Jonney would rug the shit outa them

But look at this. ChainSHIT ERC 677 token not needed. 18 digits.

Divide 18 by 3 gives you 6. Do it three times you get 666 the number of the beast!!!

In the book of revelations frogs were sent to annoy the pharoah but the pharoahic (elite) class were able to overcome the plague of frogs on twitter with ease but Ari Juels in his infinite wisdom sought to overcome the elite by creating a token that is needed to save NEETs on channel 4 because he needed some lite entertainment when he is not conspiring to enslave humanity with Bill Gate and George Soros!!!

DUN DUN DUUNNNNNN!!!

OH SHIET NIGGERS I USED MY ONLINE CALCULATOR APP AND IT TURNS OUT THAT 18 DIVIDED BY 3 (THE ILLUMINATI NUMBER) EQUALS 6!!!


!!!

>5G networks are cellular networks, in which the service area is divided into small geographical areas called cells.
>called cells
HOLY SHIT ITS REAL 5G IS THE BARS OF OUR CELLS AND THEY EVEN DEFINE SIGNAL STRENGTH IN (((BARS))) AND PEOPLE ARE HAPPY WITH LOTS OF BARS AHAHAHAHAHHAHAHHA

https://en.m.wikipedia.org/wiki/5G

>5G is expected to support up to a million devices per square kilometer
Devices include people desu ZOMG CHAINLINK IS FINNA PACK US IN LIKE SARDINES HAHAHAHHAHAHA

cope schizos!!!

>>53712738
Sure, just curious what roles have derivatives because it doesn't sound like you're in TA.

Also take note unvaccinated anons just like in Robocop the vaccinated cannot go against their own programming so any mention of 5G covid surveillance and apoptosis (execution) grids will be met with a stare blanker than the blankest fluoride stare you have ever seen I'm talking beyond normie here a super normie capable of water cooler chitchat without saying nigger or naming the jews not once!

Yes this is possible I have heard rumors that normies can go for long periods of time without saying nigger yes it's true but these vaccinated are SUPER NORMIES capable of not saying nigger their entire lives! This is like free diving to the bottom of the ocean its unthinkable!

>If say an exploit is found in an algorithm that multiple oracles are supplying to contracts, you will say the oracle that “fixes” it should be right. This dissolves the game theory these oracles are based around now, as they must either choose to provide the correct algorithm as known by the algorithm provider, or they must choose to go with the algorithm that is not broken but not provided for the purposes of the contract consumer’s needs.

Ok, first I’m going to assume that “the algorithm” you mention is referring to the math formula/code used to calculate a specific piece of data that is being provided by the oracles to the smart contract, AKA, the trusted answer shown on any CL price feed.

I believe that the trusted answer will work sufficiently across many different nodes far before a manipulator can come in and cause mayhem – this is my main point. The “exploit” you are looking for won’t happen and you can check the USD/ETH feed as an example of a high-quality feed that has been working flawlessly for years – imagine the difficulty in trying to manipulate this feed.

I am not conflating reading the data with producing it. I’m simply stating that there will be a plethora of producers acting in good faith that will provide “TRUTHFUL” data and that such quality data will make up the vast majority of DONs early on. If you’re a data producer trying to manipulate a DON which already has 30 different sources of data to choose from then good luck – each of them has to maintain a level of data quality, as well as data authenticity, integrity and timeliness 24/7. This is a heavy DevOps undertaking so everything is scrutinized and producers acting in bad faith will get sniffed out immediately. And yes, I understand that such data is being manipulated before entering the DON but it will be apparent to all the other nodes that there’s a rotten egg that’s entered the bunch.

Basically in the minds of the elite it goes like this
>the masses are the plague and they need control otherwise they fling shit all over the place like monkeys in a cage
>the vaccine and the virus are the same thing they install the evil computer program to mindfuck you into forever
>the 5G towers are needed to deal with all the new devices (people) that will be added to the network and their crypto wallets
>the people will convert energy into cryptocurrency and be paid for producing data (zero privacy)
currently the US glow niggers are hatching an evil plot to control the food supply so they can turn all the ones who join the rebellion (think star wars) into food (solent green people) but mostly people will do things and the MRNA will collect the data and interact with 5G towers and other devices (people, crypto wallets).

You will have heaps of money as a slave for doing things but like the athletes that died suddenly you cannot exert beyond your limits as a slave or else you die. Remember that and live within your means and you will be fine and dandy.

Finality is still handled the traditional way in Christian blood payable monthly to Israel. Or you can speak to a local blood bank about different installments.

blood is still more valuable than data to these people.

>>53713480
>headcanon blogpost
read the thread many anons have already confirmed that they forcibly signed up to the mandatory experimental COVID-19 data harvesting program and most are very happy to have had several boosters and the free donuts Thanks Krispy Kreme!
Bill Gates works with Sergey Nazarov of Chainlink in the World Takeover Office (WTO) and Chainlink will be used to connect 5G data networks with other incompatible ones like SWIFT and the Ethereum blockchain

!!!

>>53713558
I understand but my goal is to move all the gains made through LINK over to BTC. I'll always hold some LINK to counter the elite rats but yeah....

>>53713605
the goal is to do things, go forth and be fruitful within some hard set limitation provided for by the system. athletes are pushing boundaries so they die like those chinks that fell over from the virus but it was really the vaccine or were they the same thing???

The system only rewards up to a point. go beyond and you will meet the reaper

DUN DUN DUUUMNNMBBBB!!!

>>53713480
algorithm was meant in that message as a more subjective piece of data, data where the answer is subject to the whims of something. An algorithm is like that, the “best” algorithm for a scenario can change if our understanding of the problem or the math changes.

Let’s go back to this one more time, the BTC/ETH feed has worked flawlessly yes, let’s suppose tomorrow that the ETH foundation wants to fork their chain, they’ve detected what they consider a vulnerability. 50% of exchanges don’t want to support the fork and stay on the old exchange, 50% of the exchanges will go with the fork. The Ethereum foundation supports the fork. Which data feed do you suppose the oracles will pick when 50% of the exchanges switch? Assume there are contracts from the past that need ETH price feeds to execute 5 years into the future, there’s no distinction in the contracts for which feed to choose. Which one should the oracles pick to feed into it?

>goyim tech: we made two blockchains communicate ITS LIEK PONG!!!! XD
>elite tech: we forcibly injected everyone on earth with an experimental science juice and now they are ready to receive no privacy UBI once we finish calibrating the system
they dont call them the controllers for nothing

They honestly expect us to believe that projects headed by WEF affiliates are going to let us (((make it))) by waiting around talking about non-classified cutting edge tech because hey bro its open source lol

>>53713736
Doesn't matter. The execution layer becomes worthless if Chainlink succeeds and successfully integrates across legacy systems and even more blockchain networks.

It's called Cross-Chain Communication Protocol. Look into it and pic related.

>>53713940
Elites have already injected you with nano bots and are tracking your bodily functions using 5G and you want to shill the blockchain equivalent of PONG?! lmao wake the fuck up sheep BAAA BAAA BAAA

>>53713966
Hey friend, I know that there are unconscious beings amongst us trying to manipulate everything in sight.

I'm trying to counter them via the Chainlink protocol and later on with BTC. That's all.

Btw, you should go listen to "The power of now" by eckhart tolle. You seem to be all over the place with your thoughts, which says to me that you're being completely and totally controlled by the mind. Be present and keep the mind still - whether you know it or not, the present moment is all there is and it's the most peaceful state.

>>53712841
>are you just making stuff up in your head?
Yes, I'm not kidding I make stuff up and see if it sticks with other anons. Thank you for the reading material, reading it now.

>>53713991
>im going to counter them by using a WEF affiliate protocol funded by them that does not pump
woah
>then later im going to use the original blockchain protocol that has seen zero adoption in ten years but now you can store more data on it thanks to the larger block!
>also never mind about the early CIA meetings with Gavin just forget about it
double woah

>>53713650
ANONS might this be...
S-S-Seychelles anon?
I-I-Is this cross-board communication?

>>53713991
>Btw, you should go listen to "The power of now" by eckhart tolle. You seem to be all over the place with your thoughts
translation
>bro what is your problem we have the board locked down for psyops shilling now for years just give up and accept the fact that we have absolute control
lol oh the irony

chainshit need to go to 0 so they can fuck off from this board

>>53714097
>fellow anons there are so few of you!
>we can recognize you instantly!
yes yes elites have control I know I know

>>53714062
in all seriousness, what do you think about Adam being Satoshi?

>>53714113
They will never leave until the Bill Gates 666 crypto currency enslavement system is calibrated then Sergey will rug like Jonney did to pool bros lol

>>53714138
I was into conspiracies almost 10 years back,. Agenda 21, Bilderberg and all that pedo luciferian scum. Worst couple years of my life man

>>53713991
Why has every faggot linkie, who used to spam this board with arrogant bullshit like
>you had 3 years!
>we gatekept out le normies
>wagmi
>you missed out
And endless other shit suddenly become some peace guru? That price action on your shitcoin sure has neutered you lot. Now baghold.

>>53714150
All very real and very sane avenues of thought my fren in fact Chainlink is the distraction while they roll out the 5G grid and test the apoptosis by targeting those who go beyond the means provided to them by the system. Bill Gates patented a system to convert human energy into crypto so they can harvest your data while they rape your children and laugh at you those sick fucks. They held smartcon in new york because they knew that would be protected from unvaccined link marines

There is some fine acting in this thread

>>53713940
>>53682538
Only decent posters^

>>53714161
Idk. I don't have the energy to do that but I do enjoy threads where actual discussion happens. Unfortunately, no other OG linkers are around to back me up.

I'm just looking for a moon shot and believe it's LINK.

>>53714161
Klaus has openly spoken about the violence that will come. LINK baggies turned into feral niggers hunting down the chainlink team and every other crypto suppressor and gunning them down in cold blood

>>53714215
>moonfuck
You had five years
18 digits
Psyop paypig

>>53713940
>oracles all vote with their stake if a transaction fits a chains algorithm, it is a valid transaction if agreed
>exploit found, oracles contested between choosing to uphold the chains rules or to fix the chain, node staking game theory destroyed

This doesn’t answer the question, anon, and in fact this post goes against your last post, it is illogical. Do the nodes uphold f(x) even if it gives undesirable results?

>>53714251
Your body produces data, the COVID (((virus))) ISO20022 standard messages are transmitted from you to your 5G tower where it is verified, and then you are paid in GatesCoin for your service. The only reason they would need to use a blockchain is if Quantum Storage becomes untenable and I do not see that happening in our enslaved lifetime faggot

>>53714251
this thread is much appreciated anon, will bump it again in a few hours if I'm still awake.

>>53714278
Thank you anon. Fortunately I have a schizo keeping it nice and toasty on page 1 for me

>>53714278
>>53714289
t. LinkDrake and Bob4Punk waiting to tweet their latest psyop out to the tiny anon frog community on Twitter
Why is that so important to your psyop?
I know you want Elon to be seen as /ourguy/ but why not shill that AAVE platform, you know the one that harvests your data and emails it directly to stanis?

>>53714251
We're just going to keep arguing on the "undesirable results" part so we should agree to end it here. I should have explained further but waging has destroyed my brain and I'm tired.

The pic is just stating that a blockchain keeps an ongoing immutable record of txs. With the popularity of layer 2s and even layer 3s, all that's left is to leverage the security layer of Ethereum/L1s, they won't be relevant in the long run because there will be a ton of other layers that can deal with transactions cheaply.

Chainlink will facilitate all of this through their abstraction layer (CCIP). Now I know you care about "how x and F() are implemented" but you know from my last post that I'm expecting feeds to be like the Eth/USD type quality across the board.

To answer your last question, those who have contracts split across the forks will just execute the contract on Avalanche or the other 3000 blockchain layers that will exist in the future. This is a nothing burger if CCIP is live across all chains and layers. In fact, the new fork can be supported right away by the same feeds. I think they can just stick with the original fork but this is not happening with Ethereum anyways if you followed the merge – ETHW is dead.

It’s BTC as hard money, LINK as the god protocol, L1/L2/L3 as settlement layers fighting for pennies, privacy coins like Monero and maybe a few interesting plays like ICP, NOIA.

Again, settlement layers (Ethereum, Avalanche, etc) won't matter in the long run because CCIP will link all the chains together, providing Chainlink with a complete overview of all blockchains. They'll be the gateway to the smart contract universe which really means providing businesses and devs with a variety of different smart contract platforms/layers to build on via Chainlink’s abstraction layer.

>>53714320
>billgates and wef are using chainlink the vax and 5g to remotely assassinate everyone, you'll all be tracked traced and used as data paid by a crypto for providing data
>chainlink is the crux of all of this
>oh and also chainlink will never moon btw lol
you schizo kek atleast be somewhat coherent in your schizo larps by saying link will moon after billgates becomes the data god using link

what is the end goal of the schizo larp? humor me and tell me what will happen

>>53714528
>
To answer your last question, those who have contracts split across the forks will just execute the contract on Avalanche or the other 3000 blockchain layers that will exist in the future.

That literally does not answer the question, where the contract is executed has zero correlation as to which price it is executed at. You need to determine one of the chains that makes up the ETH/USD pair. If the exchanges stay on one fork that is vulnerability

>>53714604
Just use wrapped tokens to create unlimited feeds for ETH/USD across all chains. Then use proof of reserves to ensure that real ETH/$ equivalent is available so reliability is guaranteed.

>>53714796
So for contracts priced in ETH, they will use a WETH/USD price then. So now the oracles can trustlessly and immutably report and execute a contract where the owners of the WETH contract can at any time decide to revamp the contract to fuck your derivatives contract for their personal gain? With no staked nodes at risk?

>>53714796
>>53714981
>no then the oracles will just vote for the regular ETH/USD pair as it is the correct price
Then we’re back to the same issue. If the oracles are voting for which chain makes up the actual ETH/USD price, then you have the ability to make a new chain with a flaw in it and get exchanges/oracles to base ETH/USD off that chains pricing before exploiting the flaw. The easiest way to do this would be for the ethereum alliance/foundation whatever to force a chain fork and include exploits into it.

Suddenly you have created immutable contracts guaranteed to lose all their money.

This can happen with “real life” data series too, such as LIBOR, contract pricing, ect. When included into a smart contract.

It is not preferable to have a smart contract that can be exploited and is immutable then it is to have an regular mutable contract that can be exploited

Imagine giving money to a gay retarded hexagram.

>>53682824
Being verbose doesn't make you sound smart . In fact anyone with two brain cells to rub together can see that all of your blog post is nothing more than pseudo technical babble about chainlink that doesn't get to the core point. Chainlinks job is to ensure that if you buy a newspaper and have it delivered to your house it doesn't get tampered with on its way home . If the media produces fake news and prints them that's what you are going to get.

>>53697281
What is this desu I keep hearing about?

>>53714538
>what is the end goal of the schizo larp? humor me and tell me what will happen
At the end of the story everyone dies like every good tragedy. Some of us will die like niggers others will die like Aryans others will die like hirsute Greeks. The few of us that die in front of their PCs fat and useless playing CoD will be granted entry into the gates of Valhalla. There the gaming gods will bestow everlasting glory to the fallen gamers blessed be they

>>53715601
>stating that data sources fundamentally can't be centralized and leave the immutable smart contract exposed to forgery is "pseudo technical babble"
I bet you creamed your pants with "Super-Linear Staking™ " and "Cross-Chain Hybrid Smart Contracts™"

>>53716868
>can't be decentralized*

>>53715601
I also realized that OP isn't being verbose at all
midwit confirmed

obligatory hourly bump

>>53715601
>nothing more than pseudo technical babble
>chainlinks job is to ensure if you buy a newspaper and have it delivered to your house it doesn’t get stolen on the way home
>if the media produces fake news that’s what you get
Ok, except in this scenario you have to pay someone to make sure it doesn’t get stolen on its way home because you can only do what the news tells you to do. Making sure it doesn’t get stolen is the least of your worries. You might as well not read newspapers at all at that point and go back to listening to the radio. Your newspaper bodyguard is utterly fucking useless to you if the media prints fake news.

Is that close enough to your core point for you? Non technical enough?

>>53714289
>nRK9K95
bump

>>53711430
>I don’t think YOU are seeing the picture though. You are conflating reading the data with producing it
There is a reason why Sergey was called Jason Parser in the early days.
LINK resonates with those who think they are smart and privy to esoteric information.. they got heemed by the chainlink grift.
Too bad link shills are awfully quite on this board these days

>>53714215
>gets completely rekt
>unfortunately, no other OG linkers are around to back me up
>Halp yer mighty oldfags, I'm a midwit and getting destroyed here!1
the ABSOLUTE STATE

>>53717749
>too bad link shills are awfully quite
when it comes to schizoid theories, they're quite vocal lol

>>53682453
Assblaster was a glownigger. Link is a globohomo shitcoin.

>>53717792
kek this
>b-b-but everything was set in stone!!!1
>ancient wise oldfags have deboonked this!!1

>>53717706
Thanks for bumping anon

>>53717793
If this is true, then they’re not very smart. There’s glaring holes in their idea that I guarantee you banks will notice

>>53717807
meant for >>53717787

Like mentioned above, Link has not been dismantled like this on this board. At least recently that is. I cant speak to conversations from 5 years ago. Pretty sad thats their only retort at this point.

>>53717971
Thank you again anon. I learned some new information and applied it, thank you for noticing it’s quality.

>>53717971
>>53718031
What dismantling? Its 3 of you switching around ID's and patting yourselves on the back. We're still back to the same exact debates from back then, with the same exact conclusions. If you believe link has no value without actually solving the oracle problem, you're on this side. If you believe there is still value in at least being able to use real world data on the blockchain, you're on the other side. At best OP is making an argument for why derivatives as a usecase is an overreach, at least at this moment.

And there's the other side of this, which other anons have argued, that the source of the data still being centralized may never have been a bug, but a feature, all along. Which would explain why link has had the sort of connections it did from the start. That possibility has its own disturbing societal implications of course, but I'd still rather be holding link than not in that scenario.

>>53718129
>/biz/ is not consisting of many individuals, it is a singular "hive-mind" and whoever is opposed to it is probably a samefag
>there is no merit in discussing the fundamental value propositions of LINK, you either choose to blindly believe them or you don't
unfortunately for you, you don't get to choose what get's discussed and what not
>We're still back to the same exact debates from back then
which literally means the debate was never over

>>53718129
and I truly find it hilarious how your id disappeared for more than 24hours and you immediately respond to that specific post about "dismantling of LINK" to set the record straight and to dictate what the "proper sentiment" should be
as long as these glaring holes remain unsolved, LINK's fundamental value proposition is severely flawed

>>53718129
I have one other ID on this thread and that’s my phone data pass ID, the purple one

>at best OP is making an argument for why derivatives is an overreach
Well, we went into how that would affect the system overall in this thread. We’ve determined in this thread that smart contracts themselves are fundamentally broken if you can’t sanitize the central data sources, which link cannot.

That has implications that impact the necessity of an “oracle solution” at all. You’re attempting to pose this as nothing definitive has been outlined and it’s inconclusive when the opposite is true.

You can test your luck, go up to bat with the same question that was posed to the other anon; A contract is set to execute 5 years in the future against an ETH/USD pairing, The eth foundation wants to split the chain to fix something, 50% of the exchanges will support the split and 50% won’t, which price feed will be delivered to that ETH/USD contract?

>>53718129
and you know what the absolute truth of the matter is? all of these discussions were DROWN in memes and pastas, up until the point LINK begun outperforming the entire market for 2 straight years, then everybody assumed that we're right on track and nobody gave a fuck about technical discussions anymore
but after two and a half years of nonstop downtrend it's only logical that people should start questioning their original premises
but obviously an emotionally invested person such as yourself would never be capable of realizing this

obliged morning bumpa

>>53718258
I haven’t disagreed with your original premise yet. However I’d pose to you the question I had in my previous post, what if the limitations of not being able to sanitize central data sources isn’t a bug but a feature? What you then have, if link becomes the standard, is a stranglehold on “truth” for those centralized data sources.

Also phoneposting now so my replies will be a bit truncated. And don’t get me wrong I’m actually enjoying the discussion with OP, although a couple of the cheerleaders just come across like mirror versions of rhe “you’re a Bulgarian tranny” brigade.

>>53718578
>isn’t a bug but a feature
Ok, so you agree it’s flawed and oracles don’t solve shit for smart contracts. Then why would anyone use it anon, you’re not thinking. Nobody enters a contract that guarantees loses that’s fucking retarded, there is no market there it opens up counterparties to insane loses, unlike mutable agreements.

Netflix has a really good documentary on Bernie Madoff they just made I highly suggest you watch, much of the old world royalty money in Europe got fucked by the Madoff ponzi, they were not untouchable they lost about 2 billion dollars of royalties money in his fund.

>>53718578
>accuses the OP of being "astro-tier troll"
>accuses posters of being samefags
>o-ok you might not be a troll but we've had this debate for years guise, pls
>g-guise I'm not married to my bags, I'm actually reasonable see, don't act like shills with le "bulgarian tranny" maymays!!!
>I'm serious business guise so on a serious side note, what if xyz happens instead of what has already been established?
I know you're only looking for OP answers, but what is the point of aggregating data through DONs if the data sources are always centralized? what is even the point?

>>53718258
Also to answer the ETH/USD question, I have no expertise on how DONs work, but I could imagine they would favor whichever price feed is eventually used by the majority. This may not be seen as “correct” but it would be the most functional solution. Now if it were some sort of situation where it fluctuates back and forth that’s a lot stickier, or if one chain is established as correct but only loses support later. These are difficult hypotheticals and I’m not an expert on how programmable smart contracts are. They’re also issues that can arise today, which is part of why I imagine link adoption is moving so slowly, parties are watching to see what can go wrong and how link addresses it.

>>53718693
>I have no expertise
>I could imagine
>These are difficult hypotheticals
>I’m not an expert
>I imagine
now this is the kind of technical discussion I signed up for, congrats

>>53718693
I agree, they would take whatever price feed the majority use. In reality this would look like 99% of exchanges use the Eth foundations chain and 1% use the other chain, which makes it a question of “Do you knowingly use a chain which will exploit your immutable contracts for gain because it is accepted, or do the oracles produce information themselves by choosing to use the non-exploitable but not market accepted chain to price”

It’s an unwinnable question, and it is like what I proposed in OP just using native blockchain examples instead of traditional financial examples

>>53718719
I’m acknowledging I don’t know. Do you know? This isn’t a hypothetical that is years away btw, this sort of thing can happen right now (likely not with ETH but any number of other chains). I’m actually surprised it hasn’t come up already, obviously we’ve had forks of other chains since price feeds have existed, what did chainlink do in those situations? Genuine question, I don’t know.

>>53718793
https://medium.com/@CryptoSavingExpert/chainlink-wont-support-ethereum-forks-post-merge-affecting-defi-on-breakaway-chains-f9d206908bd7
the fork was abandoned, exactly as OP has outlined multiple times already

>>53718792
>>53718807
Ok, then my next question would be, why is chainlink adoption continuing? At what point does this become acknowledged as a flaw that defeats the entire purpose of smart contracts? What is the “chainlink fails” thesis? Note I’m open to the idea it can continue the grift for another cycle or two and then fail, doesn’t have to be something immediate. But I’m curious why it’s been allowed to come this far. It isn’t doing it on the backs of retail, at least not to near the extent of most other grifts in the space.

>>53718995
>why is chainlink adoption continuing
outside of various DeFi/nft projects, where is this adoption occurring IRL? so far, all of the actual use cases identified years ago have materialized to nothing,with the most recent instance being Maersk backing off from their commercial shipping logistics pilot
>At what point does this become acknowledged as a flaw that defeats the entire purpose of smart contracts
as long as VCs are involved in the space, they have every incentive to keep up the charade for as long as possible
>What is the “chainlink fails” thesis
>why it’s been allowed to come this far
painfully slow downtrend and slowly fading into obsurity would be the answer. Your second question doesn't make sense to me, REQ, ARK, NANO, NEO to this day are still around

>>53718995
Well, to reference my suggestion of the Bernie Madoff documentary, no one knows how long a scam can continue. I certainly don’t think there will be any institutional adoption on any level, with real money, but within the crypto space anytime that the value of executing smart contracts in your favor linked to your chain exceed the reward of not doing so it is a possibility. This happens in my mind when you have contracts that are funded by a more secure currency, say ETH or BTC, but the contract execution is based off a different coins data, much like derivatives contracts in the real world. I genuinely don't know what adoption looks like at this point in time so I couldn’t tell you if that appears to be sooner or later

I’ll be back later to respond to all of this, waging right now.

>>53719284
I hope you at least keep your word
>>53682538
>>53682805

>>53719117
What if institutions continue to create nodes though? At that point if adoption does occur, they stand to profit tremendously. I know the argument is its all being subsidized now, but the claim is that changes over the next year.

I think if your long term thesis holds, the optimal play is to move out of link mid 2024. At that point if there is no proof of further adoption or set date for staking 1.0, at the very least you could confirm any gain in sats/gwei was once again almost entirely speculative. I know some prefer the permabear narrative that link is literally as dead as litecoin, I’m not convinced of that one, as ultimately even if oracles are doomed, its still not a btc or eth clone and that’s probably going to continue to generate its own hype cycle.

>>53719354
>probably going to continue to generate its own hype cycle.
what makes you think that anon, genuine question. The narratives on crypto aren't cyclical at all, they always revolve around "the current-trendy-buzzword-thing" and they always get phased out, never to return, much like how the ETH-killers of '17 never truly pumped ever again. Even ETH itself performed so well in '21 mainly due to gas fees and the usage of its infrastructure.
LINK, pretty much like every other alt in history, has so far experienced one "true" speculative mania centered around the DeFi narrative back in mid to late 2020 where you even saw competitors pumping along with LINK and briefly outperforming it (BAND), the '19 pump was primarily caused by mainnet/oracle/google/coinbase listing happening in rapid succession and in a very short timespan and not due some speculative narrative around "oracles".The previous bullrun was centered around dogecoins (lol), yield farming and nfts, and by examining the top performers you can see that each one of them fit the above criteria.

>>53719490
I say that because you usually see a new trend perform for 2 cycles before death. Bitcoin killers existed in 2013, still pumped in 2017 before fading out. There were a couple of eth killers in 2017, that actually became a bigger narrative last cycle though it will probably peter out. Doge was the original memecoin and it technically pumped every cycle. I think you’ll probably see nft’s perform well one more cycle as well, problem with nft’s being you can’t reliably pick one so are forced to bet on the chain.

Keep in mind while I’m open to OP’s thesis (though not entirely convinced), that still doesn’t address the possibility of chainlink acting as the bridge network for CBDC’s and public blockchains, which is still a potentially massive usecase.

>>53719594
I'm sorry anon but 2013 wasn't a "cycle" and it certainly did not have a widespread alt seazon, literally the only crypto pumped from Willy the Bot along BTC was Litecoin.
>btc killers still pumped in 2017 before fading out
anon, literally around 3000 altcoins pumped from nov17 up until jan18, unless you're talking about feathercoin breaking the '13 ATH while being ranked 400 lmao. Where you even around back then lol
>There were a couple of eth killers in 2017, that actually became a bigger narrative last cycle
a couple out of ~40 isn't much, but what projects are you inferring to? the only one I can think on top of my head is ADA, and while it truly had an amazing run, it still didn't reach the '18 heights.
>that still doesn’t address the possibility
your posts don't address the possibility of the opposite happening either, bad argument, the OP's point revolves around smart contracts and not cross border transactions, plus LINK has more competition there as well (bullshit usecase imho as well)

>>53719354
>The optimal play is to stay in a fundamentally faulty product and hope the hype carrys its price

You do you buddy. I don’t agree with that though, what if this methodology of dismantling their white paper goes public to their larger investors who are behind the tech? This doesn’t support fundamental valuations of Link, and is now speculating on investor psychology over and above guaranteed fundamental cashflows

Bumping till it sages

>>53721240
I’m driving but I’d encourage you to make another thread,anons shouldn’t hide from scrutinizing their investment.

>>53719354
Ill only speak for myself…im not a permabear per se, but my whole point in posts Ive made in the last year is that link is basically just another alt coin from an investment standpoint. It will go up when btc does, and vice versa, and its “usecase” is bullshit buzz words. Just like the entire alt market.

>>53721374
Exactly. Why treat it as anything other than a shitcoin, it’s idea was interesting but if the team is not interested in actually developing the idea and wants to be a pets.com of the crypto bubble, it deserves to die with the rest of them

>>53718151
Lol. The irony of his response is exactly why its called a cult.

And yes, I’ll repeat once again, I haven’t seen a dismantling of link like this in years, if ever. OP has refututed every single counterpoint. And no we’re not the same person, im not that smart. Not everything is a conspiracy.

>>53721431
I’m on board with this but the problem is link looks more like the next google or amazon when you compare it to the rest of the space, if you actually want to invest in crypto where else do you place your bet? Unless you feel the entire space needs cleansing and nothing but btc and possibly eth will be left standing. But that’s already the consensus public view on crypto.

>>53721496
Were you here in 2017/18? Same arguments with same conclusions, for the most part price action is the only thing that changed peoples perception, nobody ever agreed that chainlink fully solved the oracle problem. The debate was about whether their solution was good enough.

>>53721511
>but the problem is link looks more like the next google or amazon when you compare it to the rest of the space, if you actually want to invest in crypto where else do you place your bet?

My guy, we spent this whole thread talking about how the link idea fundamentally can’t work, no money with any sort of volume can ever use a smart contract with oracles as the idea is fundamentally just as broken as traditional finance systems. If you think this is the apple and google of the space you might as well go trade real stocks. Options exist, you can get insane gains there, I already said in this thread I did a x90 on GME calls back in 2021

>>53721554
These are not the same conclusions, these are fundamentally separate conclusions that links value proposition is fundamentally flawed.

If you’re not here to actually have legitimate discussion on the topic at hand, and just want to try and position things as vauge and uncertain, you’re welcome to leave

>>53721623
Let me correct myself, it’s more broken than legacy financial systems as you can literally know you’re going to lose money to foul play and watch yourself lose it with no recourse

>>53721648
Then no, we disagree, but are you actually seeking engagement or an echo chamber? I’m bumping your thread not saging it, and if you’re actually interested in other’s opinions you might as well start another thread instead of bumping this one as we’re near 300.

>>53721729
I’m seeking honest engagement. It is not an opinion that discussions which led to no resolution on a businesses value proposition and a discussion which leads to definitive resolution on a businesses value proposition are not the same, that is a fact.

>>53721838
Except you’re deciding for yourself what you deem honest engagement. I don’t agree with your thesis that smart contracts are useless as long as data sources can still be flawed, but anyways if you start another thread I won’t clutter it. But if you’re confident in that thesis you should continue to argue it here, and maybe you’ll find the debate you’re seeking.

the market already decided that OP is right
anyone saying otherwise is a baggie

>>53722070
You literally had all of your arguments deconstructed to the point you can't even offer a half-assed semi decent response, and yet you still won't agree with the OP. Where is the logic behind this? Are you absolutely sure you're arguing in good faith here?

>>53722280
>43 posts by this ID

>>53722332
if you actually decided to participate in the conversation instead of hiding away for 3 days I wouldn't have to keep the only decent thread on /biz/ bumped

>>53722358
There's been so many fud threads on LINK over the years, it's hard to differentiate who's just shitposting and who isn't. On top of the fact that mostly everyone who visits /biz holds some LINK, so of course you'll have anons who are bored and will stir shit up to simply piss the holders off.

Not sure what the thread is about nor do I really care, I won't bother reading what OP has to say because it's all gibberish, LINK has an actual product compared to the rest of the trash in the top 15 or so and most of /biz has made a ton of money from LINK, so nothing OP says will make people sell or change their mind about the project really.

>>53722625
>Not sure what the thread is about nor do I really care
thanks for stopping by though, didn't read anything past this

>>53722625
KEK
this anon literally proved the fudders right without even realising it

>>53722358
What do you think are some good things to invest into if LINK is a meme? Or at the least, what are some resources you suggest would help in making better investment decisions? Thanks in advanced.

>>53722775
>What do you think are some good things to invest into if LINK is a meme?
assuming you're interested for crypto "fundamentals", nothing ticks all boxes, not even BTC itself, if you're not solely focused on crypto, I firmly believe equities is the place to be. That being said, you cannot rule out the possibility of crypto experiencing another cycle with diminishing returns, but personally I find this very unlikely. People tend to forget that the sentiment was if BTC ever dipped down below the weekly 200sma or if it ever broke down from the previous ATH, it would mean that the 10 year trend would be structurally broken, yet these days everyone seems to have memory-holed that.
On a side note, TA is most of the times worthless and is only useful for identifying macro trends (duh), you can never accurately predict a mark up or a mark down.
so my advice for crypto would be
>don't marry altcoins
>if an altcoin fails to consistently outperform BTC it's not worth holding over a long timeperiod and you should move on
>recognize trends because shitcoins who ride the hype are the ones pumping, everything else bites the dust
>don't rely solely on /biz/ for "alpha", this board is not that great at picking winners as they would have you believe

>>53722714
But anon they have a product. Nothing in this thread could refute that right

>>53722980
Thanks for the insights, I really needed to hear an alternative take on all this but could never find someone willing to give it.

>>53723089
OP I encourage you to repost this if you feel like it
>>53723108
np mate

>>53714113
It already did on Binance and we still here.