Linkies BTFO

[Anonymous No.11094009]

IBM has already created a solution to the oracle problem, and the solution is to circumvent oracles altogether.
https://www.ibm.com/developerworks/cloud/library/cl-extend-blockchain-smart-contracts-trusted-oracle/index.html

[Anonymous No.11094020]

Where is your lord and savior now linkies?
WHERE
IS
HE?!?

[Anonymous No.11094026]

Holy shit linkies are over even before mainnet launched lmao

[Mr.Nosenberg No.11094027]

>>11094009

So there solution to a block chain problem is a centralized off chain solution ... You know that's exactly the opposite of what the type of people who uses block chains and crypto currencies want ? The whole idea is that no trust is needed. With an off chain solution you need to trust that person who provides it.

[Anonymous No.11094039]

centrialized

[Anonymous No.11094044]

Hyperledger products will do without the need for tokenized smart contract platforms, haters will disagree because their future is dependent on selling their scam tokens to the greater fool.

The only use case for tokenized blockchains on a long enough time frame has been and will always be decentralized store of value and soon enough private as well.

[Anonymous No.11094056]

>>11094027
>>11094039
>Each organization in the business network has, along with each peer, its own private IBM ODM instance.
>Smart contracts invoke the business rules that live in IBM ODM. Output returned from IBM ODM is then used in smart contracts to perform additional computations and/or to update the shared ledger.
>Each organization in the network deploys the same version of the business rules code to their IBM ODM instances to ensure that when smart contracts run, the network can achieve consensus.

>Each... has... its own private IBM ODM instance.

Tell me again how this is centralized?

[Anonymous No.11094057]

>>11094039
>>11094027

Deluded tribalists protecting their decentralization narrative, remember … you're tribe is largely composed of scammers and fools.

Permissoned blockchains whether you little decentralization proponents like it or not, will ultimately be sucessful.

[Anonymous No.11094062]

The second approach shows one way to use an oracle component to extend smart contracts and requires a durable link between the inputs to the smart contract and the response from the oracle. As some may notice, this is a different implementation than other technologies in use. In the next article in this series, we will dive into the additional considerations for integrating an oracle into a business network and look at various alternatives.

[Anonymous No.11094078]

Kangz, lil nigga. Kangz. Don't hate.

[Anonymous No.11094091]

>>11094056

I don't expect LINK cultists to understand this, esp. because it's not in their interest financially to accept that.

I do think most LINK threads are satire though.

[Anonymous No.11094104]

Well then can link just dump so I can kill myself.

Getting sick of all this waiting

[Anonymous No.11094234]

>>11094009
God fucking damnit

[Anonymous No.11094240]

dunno how many sods you tricked into selling op but i thank you for ridding us of the weak handed
godspeed to you

[Anonymous No.11094266]

pee pee poo poo

[Anonymous No.11094280]

>>11094062
This... If you read whole article and understand Chainlink and oracles. You then realize this is pretty much 100% IBM will use Chainlink.

Thanks OP for thia article. Bought 100k more

[Anonymous No.11094290]

>>11094009
cryptologist here, the PARSE effect of IBMs oracle solution is unsolved, we won't find it anytime soon

[Anonymous No.11094296]

WHAT THE ACTUAL FUCK?

[Anonymous No.11094320]

>>11094266
Based pee pee poo poo poster.

[Anonymous No.11094324]

>>11094009
>>11094280
Imagine not even looking at the URL of the link provided

[Anonymous No.11094439]

>>11094324
I'm looking at the URL...doesn't mention link in any way....

[Anonymous No.11094454]

Yes "cl" = Chainlink
>>11094324


>>11094439

[Anonymous No.11094460]

>>11094454
...are you sure?

[Anonymous No.11094472]

>>11094460
On second thought:
https://www.ibm.com/developerworks/views/cloud/libraryview.jsp?site_id=1&contentarea_by=All%20Zones&sort_by=Date&sort_order=2&start=1&end=41&topic_by=-1&product_by=-1&type_by=All%20Types&show_abstract=true&search_by=blockchain&industry_by=-1&series_title_by=

[Anonymous No.11094482]

>>11094472
Yeah...damn I guess this is actual fud for link then.

[Anonymous No.11094510]

>muh decentralization
only matters for currency tokens

[Mr.Nosenberg No.11094633]

>>11094510

You can be decentralized without Tokens. The whole idea of decentralization is that you don't need to trust the other side. The idea behind currencies like Bitcoin is that you don't trust the banks to make transactions and you don't trust the central banks to manage our economy and print money. Instead money is created by work(Hence proof of work).

[Anonymous No.11094723]

>>11094009
AAAAAAAHHHHH FOR FUCK SAKE WHY DID I EVER LISTEN TO BIZ?

[Anonymous No.11094770]

>>11094044
>Hyperledger products will do without the need for tokenized smart contract platforms
Yeah, and big companies will never go for saas either! They'll just do everything themselves!!

[Anonymous No.11094798]

I bet a million dollars that OP is actually a bagholder and wants the price to drop more by causing fud. You do understand that an actual nolinker would never even have found this article or even understood how it relates to chainlink in the first place. Nolinkers do not understand how chainlink works or why it's needed and that's why they are nolinkers. NOLINKIES BTFO

[Anonymous No.11094810]

>>11094798
The article clearly presents a solution that doesn't utilize link...this article is genuine fud is it not?

[Anonymous No.11094811]

>>11094009
>>11094009
>>11094009
HAHAHAH AND IT'S ALSO ALMOST 6 MONTHS OLD ARTICLE

[Anonymous No.11094817]

>>11094798
did you read the article? It's not fud to any degree

[Anonymous No.11094836]

>>11094817

[Anonymous No.11094839]

>>11094009
>As with any solution, introducing additional components must be weighed against the non-functional impact it can have.
>For example, because the availability of a service is the product of the availability of all its components, adding more components to the transaction chain will directly affect the service up-time.

L M A O

IBM making the case for decentralized oracles.

[Anonymous No.11094842]

>>11094817
Did you read my comment?

[Anonymous No.11094852]

>>11094839
>the oracle is a trusted third-party that answers questions in a deterministic fashion without knowing the full context of the transaction.
>In other words, privacy and confidentiality are preserved.

And here IBM is making the case for oracles in general.

[Mr.Nosenberg No.11094885]

>>11094852

Chain Link would still be more effective(If they discarded the Token).

More parties needed for confirmation = Longer and more expensive transactions. In fact it might also make them less secure and more likely not to work(If one party isn't working for any reason, the hole operation is at a halt).

[Anonymous No.11094915]

>Note that while this architectural approach maintains the trust that you'd expect in a blockchain network, it carries additional costs and operational concerns.
>These are mainly due to the configuration and ongoing maintenance required of the third-party system that coexists with the smart contracts on the network peers.

And here IBM is making the case AGAINST using ODM.
Basically ODM means using a third party, but having to do all the work yourself anyway, which moreover involved inserting ALL information into the 3rd-party system, with all of the trust issues that go along with this). While in the case of oracles the third party (i.e. the oracle) is unaware of most of the info not directly related to the deterministic outcome.
And it's not only you that has to do all the work, but everyone involved in the ODM-based contract and/or contract ecosystem.

[Anonymous No.11094916]

poo poo pee pee

[Anonymous No.11094920]

>>11094009
>follows the link “what are oracles”
>https://blockchainhub.net/blockchain-oracles/
>pic related
Just unironically bought 10k more

[Anonymous No.11094926]

>>11094009
link will die slowly over the next 3 years, the shilling and "its happening tonight" threads will slowly dissapear, getting less and less replies

in 5 years the next generation of bizlets won't even know what LINK was

[Anonymous No.11094927]

>>11094915
>>11094817
>>11094920

[Anonymous No.11094937]

>>11094885
>If they discarded the Token

Why would they do that? It's basically a means of communication/compensation unique to the network, with its value tied ONLY to the network and no (direct) external influences.

And the threshold for using the token will be absolutely non-existent.
You'd know this if you know what smart contracts/oracles are (hint: look at the use case Market Protocol for instance has lined up for Chainlink).
People will hardly even know they ever used the token, much like people hardly know their bank transaction used Swift, or their car was made with the involvement of saas partners.

[Anonymous No.11094950]

>>11094920
>source: smartcontract.com
lmao

[Anonymous No.11094951]

>>11094927
>>11094920
This fud article has a direct link to an oracle explainer with a picture of smartcontract’s cube. I am so fucking hard right now.

[Anonymous No.11094958]

>>11094951
Not just the cube, a direct link to Smartcontract.com.

[Anonymous No.11094973]

>>11094926
I was thinking about this in the shower.. there has to be a last, final sergey post and the person who does it will not know this

[Anonymous No.11094981]

>>11094958
OP eternally BTFO, unless it was a cleverly seeded shill post

[Anonymous No.11095000]

lmao OP
why don't you just wait
if it crashes then link bagholders are indeed btfo
if it doesn't you will look like an idiot, feel like a moron, be cited as a retard in the future

you literally gain more by shutting the fuck up lol
the best thing you can do to something you dislike is ignore it
but I'm guessing your anger has different reasons

[Anonymous No.11095020]

>>11094951
>>11094958
>>11094981
explain why the fud is irrelevant, like i'm a brainlette
t. brainlette

[Anonymous No.11095061]

>>11094920
I just looked at this link. Are you smart enough to realize oraclize is also being shilled there too?
Let me make this SUPER SIMPLE for your little linklet brain

There are two ways to use off-chain data
1. IBM's solution
>Extend the operational boundary of a smart contract to a third-party system (for example, IBM Operational Decision Manager, ODM). In this model, peers in the blockchain network invoke a third-party service co-located with them. The underlying assumption is that the outcome of the invocation is deterministic
2. Trusted Oracle solution (e.g. chainlink/oraclize)
>Introduce an oracle that smart contracts can invoke. In this model, the oracle is a trusted third-party that answers questions in a deterministic fashion without knowing the full context of the transaction. In other words, privacy and confidentiality are preserved.

If you're a company, which solution are you going to employ? A billion dollar corporation or a guy with a philosophy degree?

[Anonymous No.11095091]

>>11095020
It is irrelevant b/c when Link will fail it will explode with the force of 1k Suns and send our dust to Andromeda.

[Anonymous No.11095092]

keep this thread alive forever so linkies will gradually commit suicide please

[Anonymous No.11095135]

>>11094009

Stellar truly is the greatest

[Anonymous No.11095148]

>>11095061
>Are you smart enough to realize oraclize is also being shilled there too?
Makes sense, since it's a general oracle explainer.
And this doesn't change the fact that the link literally has the URL for Smartcontract.com in it.

>If you're a company, which solution are you going to employ?
The one that:
- guarantees better privacy/security (oracle)
- doesn't require me to do all the work on a third-party solution (oracle)
- has virtually guaranteed uptime (decentralized oracle)

All three of these arguments are literally from IBM's article in OP, btw.

[Anonymous No.11095194]

>>11095148
>guarantees better privacy/security (oracle)
a private blockchain with each node running it's own private IBM ODM naturally provides more security because you don't need the addition of an external 3rd party oracle
>doesn't require me to do all the work on a third-party solution (oracle)
ODM is IBM's third-party solution which they will provide support for, and which you can seamlessly incorporate natively into your business's private blockchain. it isn't a whole separate series of external nodes running as a decentralized oracle
>has virtually guaranteed uptime (decentralized oracle)
literally doesn't matter because if your private blockchain goes down, you wouldn't even be able to use an external oracle

[Anonymous No.11095214]

>>11094266
degenerate and pathetic

[Anonymous No.11095278]

>>11094958
Aaaaand the oraclize below
r u blindfag?

[Anonymous No.11095280]

>>11095194
>a private blockchain with each node running it's own private IBM ODM naturally provides more security
Well duh. And a road network with a single car on it is going to be much safer from accidents.
Might as well just use a database at this point.
The article in OP is the one that brought up "privacy and confidentiality" as an advantage of oracles, and talks about "a multi-participant blockchain network".

>ODM is IBM's third-party solution which they will provide support for, and which you can seamlessly incorporate natively into your business's private blockchain. it isn't a whole separate series of external nodes running as a decentralized oracle
You're babbling and completely missing the point.
Here's a direct quote from the IBM article in OP:
-"Note that while this architectural approach (ODM) maintains the trust that you'd expect in a blockchain network, it carries additional costs and operational concerns. These are mainly due to the configuration and ongoing maintenance required of the third-party system that coexists with the smart contracts on the network peers."

>literally doesn't matter because if your private blockchain goes down, you wouldn't even be able to use an external oracle
So because there's one point of failure, adding another point of failure doesn't matter?
L M A O

***BONUS REKKAGE***
All of the above is me humoring you and accepting the premise of a completely private blockchain. However, reality is very different since IBM is a founding member of Hyperledger, which the article in OP mentions a number of times.

Sorry, but you're clueless.

[Anonymous No.11095290]

>>11095278
And? Does this somehow remove the Smartcontract.com url?

Abyssbrain.

[Anonymous No.11095715]

>>11095061
>ChainLink
>Trusted oracle
It’s so hard to tell who is just fudding to accumulate more or who are actual retards posting this shit. Either way, here’s your (You).

[Anonymous No.11095757]

>>11094916
Based

[Anonymous No.11095791]

>>11095194
Kys brainlet

[Anonymous No.11095832]

>Companies like Oracalize, for example, have been leveraging Amazon with the TLSNotary-based proofs. Town Crier, another company, is focusing on the utilization of the Intel Software Guard Extensions (SGX). Providing smart contracts with trusted information sources is crucial for the users because in case of mistakes there are no rollbacks.

[Anonymous No.11095937]

>>11094009
>In this model, the oracle is a trusted third-party
I’ve already read this article before. It’s a solid piece actually but again centralized oracles will be used too I just think chainlink is a step in the better direction.

[Anonymous No.11096124]

>>11094009
This is going to be one of the hardest dumps on main-net and the project will basically fail because people will never use it for anything other than to PnD, which will completely fuck the tokenomics and make the whole thing useless. Sergey will realize this and just disappear along with the rest of the team. SWIFT and co will realize this, and begin to quietly remove any references they have to this embarrassing experiment which - who knows, might have succeeded if it wasn't for the retards who infest this place and run painfully obvious shill and fud campaigns. Many of you will experience the kind of hopium crash which actually kills people, and I suppose suicide is a fitting reward for some of the more smug retards who clutter up this board, but I hope it isn't all of you.

There will be no more memes, no more dreams of lambos or whatever NPC tier 'rich person's car' you've picked out in your imagination as you're left in the dirt holding a bunch of link bags. Even a fraction of the money some of you invested in link could have helped you make it during the next bull-run in a legitimate project. Imagine that. THAT is what you should be visualizing. Not your stupid fucking holiday home, not your imaginary future "faithful" gf / wife, nor an early retirement where you don't need to toil away at menial tasks for your betters from inside your 9-5 existential prison cell - you should instead be visualizing yourself scraping together what little money you have left in the wake of your devastation to try and ride something like BAT or Holo up, and your dream of MILLIONS OF DOLLARS suddenly becomes a much more realistic 100k-200k at most. I mean it's not bad - more than you intellectual runts probably deserve. You'll all see I was right. I always am.

[Anonymous No.11096184]

>>11094920

[Anonymous No.11096185]

>>11094057
>Permissoned blockchains whether you little decentralization proponents like it or not, will ultimately be sucessful.
How much does this cost?

[Anonymous No.11096594]

>>11094324
>2018
>Not getting the index.html meme


Nooooooooooo My Links are gone! !

[Anonymous No.11096998]

>>11094266
pee pee poo poo

[Anonymous No.11097007]

>>11094266
>>11094320
>>11096998
pee pee poo poo

[Brigadier General Damu !!6rIK3ka6TND No.11097065]

>>11095020
basically sergey is a dominant alpha male money king, all fud runs off him like water

[Anonymous No.11097091]

>>11096998
Based and redpilled