Vitalik "Oracles are no needed" Buterin Live at Devcon

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Vitalik "Oracles are no needed" Buterin Live at Devcon Anonymous Tue Oct 8 21:38:33 2019 No.15857905 [Reply] [Original]

https://slideslive.com/38919733/devcon5-hall-a2

>>	Anonymous Tue Oct 8 21:42:23 2019 No.15857945 t. salty no-linker

>>	Anonymous Tue Oct 8 21:43:43 2019 No.15857958 File: 50 KB, 500x347, asperger king.png [View same] [iqdb] [saucenao] [google] >>15857945 Correct. Vitalik probably doesn't own any LINK since he doesn't believe Oracles are needed. That's the point.

>>	Anonymous Tue Oct 8 21:44:35 2019 No.15857964 >>15857905 >this will really get them!

>>	Anonymous Tue Oct 8 21:44:44 2019 No.15857966 >>15857905 We still have oh so so much room to moon. Lmao

>>	Anonymous Tue Oct 8 21:44:51 2019 No.15857970 File: 12 KB, 420x420, u wot m8.png [View same] [iqdb] [saucenao] [google] >>15857905 Holy fuck Vitalik looks terrible, like "on the verge of death" bad. Is it stress?

>>	Anonymous Tue Oct 8 21:45:15 2019 No.15857974 >>15857905 What’s this faggot’s problem?

>>	Anonymous Tue Oct 8 21:45:31 2019 No.15857978 What the fuck is his problem

>>	Anonymous Tue Oct 8 21:46:01 2019 No.15857985 >>15857964 I'm just bored waiting for chainlink devcon news

Anonymous Tue Oct 8 21:50:08 2019 No.15858017

>>15857970
He really does look like some sort of crack addict. And he always fucking goes on and on and on about shit that's so hard to follow and desu I bet it doesn't even fucking matter. It's the same shit every time he just rambles and eventually spits out that eth 2 might be out some day after they keep testing shit.

>>	Anonymous Tue Oct 8 21:51:31 2019 No.15858026 Based Money Skelly with the FUD so I can accumulate cheap LINKIES.

>>	Anonymous Tue Oct 8 21:53:05 2019 No.15858036 vitalik is one of the worst speakers in all of crypto

>>	Anonymous Tue Oct 8 21:53:31 2019 No.15858041 They're not needed for cross blockchain data. Short any interop chain/coin. He's specifically not considering non-deterministic data.

>>	Anonymous Tue Oct 8 21:54:18 2019 No.15858044 What is this guys problem?

>>	Anonymous Tue Oct 8 21:55:34 2019 No.15858057 >>15858041 >He's specifically not considering non-deterministic data i.e. 90% of the data that industry needs to make smart contracts useful

>>	Anonymous Tue Oct 8 21:55:52 2019 No.15858059 >>15857985 so am i dude since ico but im not making SHIT threads

>>	Anonymous Tue Oct 8 21:59:03 2019 No.15858091 >>15858044 he likes 6-8yo

>>	Anonymous Tue Oct 8 22:07:22 2019 No.15858171 File: 111 KB, 876x966, 1542221144050.png [View same] [iqdb] [saucenao] [google] >food vouchers sergey confirmed to be present

>>	Anonymous Tue Oct 8 22:07:59 2019 No.15858178 File: 112 KB, 1024x1821, 896FB924-B1C1-4C9B-B13C-79900A60ADD0.jpg [View same] [iqdb] [saucenao] [google] Vitalik the god tilting all you stinky linkies topkek.

>>	Anonymous Tue Oct 8 22:08:09 2019 No.15858180 >>15857905 Sergey deserved that intro

Anonymous Tue Oct 8 22:19:10 2019 No.15858266

>>15858041
>>15858057
He's also incorrect.

The logic is correct - doing math and letting the public check it will result in correct answers. But that relies on an assumption that can't work: a checking window.

Money Skelly says that every computation comes with a window of time in which the public can check for correctness. If someone, or a coalition of someones, finds a better answer, they get OP's deposit as a reward. Seems great right?

Wrong. Expand the scope to the aggregate case. We have only one possible nash equilibrium: it's adaptive to give right answers and only right answers. If it were adaptive to fuck with answers and skim off the top, that would be the norm and the 'police miners' would make MAD FUCKING BANK in a very short period of time. All the incorrect answers would be policed. So nobody will.

But that's where things get tricky. You see, it's plausible to wait for the important contracts and only defect on them, relying on the law of large numbers to make it highly unlikely that a police-miner will randomly be checking your work. After all, since 99.99% of computations are correct *by volume,* you're free to be incorrect on 90% of those computations *BY VALUE.* And the police-miners have nothing but random-chance to rely on to check your work.

In the ChainLink way of doing things, you have a reputation to uphold, and there's a coalition of computers running the same computation that you must agree with in order to keep that reputation. Your trustworthiness is being judged *in real time,* rather than during a finite (and therefore exploitable) window.

>>	Anonymous Tue Oct 8 22:27:28 2019 No.15858348 >>15858266 Thanks for taking the time to expand on this.

>>	Anonymous Tue Oct 8 22:27:35 2019 No.15858349 File: 26 KB, 499x499, 0e9.jpg [View same] [iqdb] [saucenao] [google] >>15857905 Jealous as fuck.

>>	Anonymous Tue Oct 8 22:29:48 2019 No.15858367 >>15857905 PRAISE Money Skelly for FUDDING LINK SO I CAN BUY MORE PRAISE!

>>	Anonymous Tue Oct 8 22:30:57 2019 No.15858373 Fuck this fruity ass autistic assburger faggot. Gonna sock his retarded face if I see him in person

>>	Anonymous Tue Oct 8 22:32:35 2019 No.15858387 >>15858266 Damn son

>>	Anonymous Tue Oct 8 22:33:22 2019 No.15858393 File: 43 KB, 515x496, 1438800292772.jpg [View same] [iqdb] [saucenao] [google] >>15857905 remember when he said OMG was the best token lol money skeleton you will pay for this

>>	Anonymous Tue Oct 8 22:34:56 2019 No.15858408 >>15857905 He’s not wrong. Chainlink is a joke.

>>	Anonymous Tue Oct 8 22:36:38 2019 No.15858422 >>15857905 Why does he sound like that?

Anonymous Tue Oct 8 22:38:17 2019 No.15858439

>>15858408
Every developer knows chainlink is a meme, it's just funny how they trick normies with buzzword bullshit and handwaving. I wouldn't buy 1 of these at this price because they don't do anything, there is no demand other than speculation and the borrom is falling out of that.

>>	Anonymous Tue Oct 8 22:39:34 2019 No.15858451 File: 801 KB, 1282x1202, 1539510986126.png [View same] [iqdb] [saucenao] [google] >>15858266 Thanks Sergey.

>>	Anonymous Tue Oct 8 22:46:37 2019 No.15858512 >>15858451 csikszentmihalyi is a hack and flow is a scam state meant for wagies

>>	Anonymous Tue Oct 8 22:49:38 2019 No.15858547 >>15857905 BASED VITALIK KNOWS THAT THE ONLY CURE FOR THE CHAINLINK CANCER IS TELLING THE TRUTH. DO IT, VIT, FUCK THOSE CHAINLINKERS IN THE ASS!

>>	Anonymous Tue Oct 8 22:50:11 2019 No.15858551 >>15858266 incredibly based comment

>>	Anonymous Tue Oct 8 22:52:36 2019 No.15858570 >>15858439 Based

Anonymous Tue Oct 8 22:53:44 2019 No.15858579

>>15857905
That was the most boring talk I've ever seen. Vitalik doesnt say anything interesting at all the entire time. This is the best guy altcoiners can come up with? Do people think him droning on about nothing somehow makes him a super genius? It's like Bitconnect in slow motion. Fuck Vitalik, ETH, Link, and every single one of you altcoin scammer losers.

Anonymous Tue Oct 8 22:56:05 2019 No.15858606

>>15857905
Vitalik is fudding to keep prices low. Gender reassignment surgery is expensive and needs more link in order to pay off his medical bills. he’s also paying hordes of NEETS in his discord channel to flood this board with FUD as well. Stay woke.

>>	Anonymous Tue Oct 8 22:59:01 2019 No.15858640 >>15858266 Based Thomas

>>	Anonymous Tue Oct 8 22:59:27 2019 No.15858643 >>15858266 MakerDAO works without Chainlink and no one gives a fuck about muh oraclez

>>	Anonymous Tue Oct 8 23:02:58 2019 No.15858672 >>15858373 relax there warrior

>>	Anonymous Tue Oct 8 23:05:35 2019 No.15858698 >>15858643 you are such a deluded faggot holy fuck.

>>	Anonymous Tue Oct 8 23:08:00 2019 No.15858713 >>15858672 Fuck you I am the strongest one here

>>	Anonymous Tue Oct 8 23:09:26 2019 No.15858723 >>15857905 this was unironically a great presentation

>>	Anonymous Tue Oct 8 23:09:36 2019 No.15858724 >>15858266 Thanks Thomas

>>	Anonymous Tue Oct 8 23:10:44 2019 No.15858731 as if im going to listen to anything this anorexic pedophile meth addict gremlin has to say

>>	Anonymous Tue Oct 8 23:10:44 2019 No.15858732 >>15858698 >deluded I'll repeat what I said because it's a fact. MAKERDAO WORKS WITHOUT ORACLES. THERE ARE MILLIONS OF DOLLARS LOCKED ON CPDS THAT RELY ON UP TO DAYE OFF CHAIN INFORMATION AND ITS WORKING WITHOUT CHAINLINK. Die, linker, die.

>>	Anonymous Tue Oct 8 23:10:47 2019 No.15858735 File: 14 KB, 278x278, eSXubsCD_400x400.jpg [View same] [iqdb] [saucenao] [google] >>15858266 Thanks Sergey.

>>	jim !!RbH04sNnUrx Tue Oct 8 23:13:42 2019 No.15858751 >>15858732 >go to maker dao founder twitter >see pic of him budy buddy with serg HAHAHAHAHAHAHAHAAHHAAHAHAHAH

>>	Anonymous Tue Oct 8 23:15:26 2019 No.15858761 >>15858266 Based Steve

>>	Anonymous Tue Oct 8 23:16:30 2019 No.15858769 >>15858751 >He's friends with sergey Yet his defi platform doesn't need oracles. Typical linker delusion, focusing on hypothetical partnerships instead of real use cases.

Anonymous Tue Oct 8 23:18:56 2019 No.15858780

>>15858266
based on this explanation, there's plenty of wiggle room to scam before the "police" show? repeat enough times via automated scripts and it would be easy to make some decent money as a scammer. except that there wont ever be contracts to scam in the first place because there will never be users on this coin

>>	Anonymous Tue Oct 8 23:22:13 2019 No.15858804 >>15858643 >https://www.reddit.com/r/LINKTrader/comments/df2etu/makerdao_developer_tweets_picture_with_sergey_and/ Well maybe not for long...

>>	Anonymous Tue Oct 8 23:24:29 2019 No.15858818 >>15858769 Actually they built their own (initially centralised, slightly less so now) because their defi platform definitely needs a reliable ETH-USD pricing source to make their whole dapp run.

>>	Anonymous Tue Oct 8 23:27:57 2019 No.15858847 >>15858818 Auger and MKR are the two current biggest usecases for LINK and they both rolled their own oracles that don't have a ponzi in the middle. Really Interesting

>>	Anonymous Tue Oct 8 23:30:26 2019 No.15858872 >>15858818 Lmao, nice try. >>15858847 This.

>>	Anonymous Tue Oct 8 23:30:27 2019 No.15858873 >>15858512 Flow can be chemically induced through large doses of L-theanine and small dose of caffeine. It's like babby's first nootropic and dirt cheap besides.

Anonymous Tue Oct 8 23:31:25 2019 No.15858885

>>15858266
That is a false explanation. Buterins proposal would work gor tge same reason that pow and pos work. Economic incentives. You really don't need decentralized oracles because the big important contracts are more valuable and therefore there exists a higher economic incentive for a greater number of fact checkers to be checking your work and therefore makes it more likely you will lose your deposit on larger contracts by providing incorrect answers.

>>	Anonymous Tue Oct 8 23:32:18 2019 No.15858898 I just finished watching and Vitalik didn't so much as say the word Oracle. I'm confused, did he say this somewhere else?

Anonymous Tue Oct 8 23:33:15 2019 No.15858905

>>15858847
Augur pays people to be the oracles. Augur is a wayy less efficient oracle platform at it's essence. MakerDAO needed a solution before there were any others out there. If you listen to talks with the engineer who built the MakerDAO oracle you'll hear him say how they needed a solution that worked well enough to get things moving, not something that was mathmatically provably the best solution. Not really interesting.

Anonymous Tue Oct 8 23:33:48 2019 No.15858913

>>15858780
Basically there will never be an ecosystem because a healthy equilibrium is necessary for evolution.

Either Nash would result in a lot of investment: either EVERYONE defects, so policing is profitable and reliable, so you have an ecosystem; or, nobody defects because it never works. That's why ChainLink is set up the way it is - the decision to cooperate or defect is punished/rewarded during the same system-iteration in which the decision is made. That's what makes the system stable, and stability is what invites investment.

>>	Anonymous Tue Oct 8 23:34:23 2019 No.15858915 >>15858872 you've gotta be larping at this point. But just in case you aren't, or for anyone actually as retarded as you: https://developer.makerdao.com/feeds/

>>	Anonymous Tue Oct 8 23:34:24 2019 No.15858916 >>15858898 Check the second half of his talk where he starts ralking about a bad actor letting the blockchain know the powers of 2 all the way to the tenth power of 2.

>>	Anonymous Tue Oct 8 23:34:31 2019 No.15858917 >>15858266 >coalition so each tech company in the fortune 1000 will run multiple nodes and reputation systems (allowing for neet nodes) will be pegged to their responses? i like this

Anonymous Tue Oct 8 23:35:40 2019 No.15858931

>>15858905
>Augur pays people to be the oracles. Augur is a wayy less efficient oracle platform at it's essence. MakerDAO needed a solution before there were any others out there. If you listen to talks with the engineer who built the MakerDAO oracle you'll hear him say how they needed a solution that worked well enough to get things moving, not something that was mathmatically provably the best solution. Not really interesting.
Neither is LINK dumbass. It's equally as centralized and shitty using the same shit system but you instead get to pay the centralized party with LINK.

Serious projects do and will roll their own and *maybe* a pilot project or pajeet project would use it temporarily but nothing at scale will. Just watch.

Anonymous Tue Oct 8 23:35:45 2019 No.15858933

>>15858885
Which is exactly why Chainlink works and MoneySkelly is silly. You have to have the contract writer define the redundancy of the contract in order to provision the correct amount of computers to make the computation. Otherwise you're reliant on hindsight to make that decision for you, which in this case means you've lost the sum of the contract value.

>>	Anonymous Tue Oct 8 23:35:46 2019 No.15858934 >>15857905 How badly will linkies seethe when hes proven right and sirgay dumps on them more

>>	Anonymous Tue Oct 8 23:37:04 2019 No.15858942 >>15858917 And the randomness by which the specific nodes are selected to run the computations ensure the legitimacy of their responses.

>>	Anonymous Tue Oct 8 23:37:21 2019 No.15858945 >>15858931 you're retarded see >>15858804

>>	Anonymous Tue Oct 8 23:39:35 2019 No.15858960 >>15857905 Constant streaming issues, loops endlessly... just use YouTube for fucks sake. >no Google Wow, so unique!

>>	Anonymous Tue Oct 8 23:41:21 2019 No.15858976 >>15858915 Wow, oracles without a middleware ponzi. Nice!

>>	Anonymous Tue Oct 8 23:41:25 2019 No.15858977 File: 894 KB, 658x658, wat.png [View same] [iqdb] [saucenao] [google] >>15858916 1:41:40 and forward? I still don't understand, plz explain brainlet

>>	Anonymous Tue Oct 8 23:44:37 2019 No.15858997 >>15858942 yo who the fuck are you

>>	Anonymous Tue Oct 8 23:44:40 2019 No.15858998 Augur? are you fucking serious? what is this FUD? Fucking Nov 2017? Rehashing bullshit again. Fuck this, fuck you retards

Anonymous Tue Oct 8 23:47:58 2019 No.15859015

>>15858933
You are just explaining why chainlinks approach works. Not why buterins idea won't work. Both chainlink and buterins proposal work just fine but buterins ptoposal is much simpler to inplement and is cheaper at the same time. No reason to create a whole other convoluted system with a token that's stakable and requires ethereum transactions just to operate when you could just have a checking period to catch all bad actors for a chance to collect the bad actors collateral.

>>	Anonymous Tue Oct 8 23:56:01 2019 No.15859082 File: 311 KB, 678x743, Screenshot 2019-10-08 at 11.54.19 PM.png [View same] [iqdb] [saucenao] [google] This is now the face of Ethereum. Thanks, Consensys.

>>	Anonymous Tue Oct 8 23:56:36 2019 No.15859085 >>15858713 Doesn’t sound like you’re a very strong thinker there bubba

>>	Anonymous Wed Oct 9 00:09:59 2019 No.15859206 >>15858913 So chainlink is structured to eliminate problematic lash in the process basically?

>>	Anonymous Wed Oct 9 00:10:58 2019 No.15859212 >>15859085 kek

>>	Anonymous Wed Oct 9 00:18:52 2019 No.15859293 >>15858266 Based Sergey

>>	Anonymous Wed Oct 9 00:20:43 2019 No.15859306 >>15857905 based Vitalik is right but most people will not understand

>>	Anonymous Wed Oct 9 00:24:25 2019 No.15859328 File: 37 KB, 577x577, u8pBP2w.jpg [View same] [iqdb] [saucenao] [google] POST A TIMESTAMP

Anonymous Wed Oct 9 00:26:42 2019 No.15859348

>>15859015
I'm explaining that in the aggregate, MoneySkelley's assumptions don't hold up to the game-theoretical outcomes. The assumption that people will police other people for a payout is correct IF AND ONLY IF there is a temporally reasonable structure for that payout. Saying 'there is a window for people to check your work' assumes that people will be scanning the system for bad work to cash in on. That will lead the system to one of two polar outcomes: either it's profitable to defect *in general,* or it is *not.* In either case, we have a lot of police or no police. If we have a lot of police, then rapidly there will be ZERO defection in the system because all normal miners will become police miners. So it isn't a "saddle point," in the game theoretical sense - it's just an occasional theoretical outcome. In the case that it's never profitable to defect, then you write a script that says, essentially, "do the right thing until Berkshire Hathaway IP addresses send you a job, in which case defect and fuck them for billions."

In that case, the chance that your bad outcome is policed is dependent on the AGGREGATE saddle point, not the VALUE DEPENDENT saddle-point.

In other words, chainlink's philosophy of per-contract redundancy is the clear and obvious winner.

>>	Anonymous Wed Oct 9 00:33:21 2019 No.15859388 File: 469 KB, 895x1300, 1539299037720.png [View same] [iqdb] [saucenao] [google] >>15858266 >>15858933 >>15859348 MONEY SKELLY ETERNALLY AND EQUIVOCALLY BTFO BY MONEY BELLY

Anonymous Wed Oct 9 00:42:14 2019 No.15859439

>>15859348
Man, what a.load of shit. Quit using all that meaningless jargon, Serg.

>>15858913
>healthy equilibrium is necessary for evolution
Fuck you bro, you're not making any sense. Stop trying to sound dense with all those zombie nouns and abstract talk. Learn how to write you fucking idiot.

>>	Anonymous Wed Oct 9 00:54:33 2019 No.15859519 File: 57 KB, 645x588, e02.jpg [View same] [iqdb] [saucenao] [google] >>15859439 >stop trying to sound dense

>>	Anonymous Wed Oct 9 00:55:36 2019 No.15859525 >>15859439 Back to the kids table, brainlet

>>	Anonymous Wed Oct 9 00:57:44 2019 No.15859535 >>15859439 COPE harder nolinker

>>	Anonymous Wed Oct 9 01:04:33 2019 No.15859588 File: 242 KB, 500x500, 1558754681528.png [View same] [iqdb] [saucenao] [google] >>15858266 Thanks Steve

>>	Anonymous Wed Oct 9 01:04:40 2019 No.15859589 >>15859519 >>15859525 >>15859535 PhD here and I'm a pro at spotting pseudo intellectuals who to try confuse you with poorly written, pretentious gibberish. By the way, MakerDAO works without a middleware ponzi, isnt that nice? Cope harder, linkers.

>>	Anonymous Wed Oct 9 01:06:49 2019 No.15859606 >>15859589 Phd in what, sociology? Its not like he's talking like he's Hegel retard, maybe you just need to learn some new concepts and words. Stop gaslighting nobody cares about your shitorg makerdao

>>	Anonymous Wed Oct 9 01:06:59 2019 No.15859608 >>15859589 Oh yeah? Well I have two PhD's and I can tell you're a larping faggot.

>>	Schiff Will Win !!L6zziHG8/KZ Wed Oct 9 01:10:03 2019 No.15859634 >>15858266 Shut the fuck up nazarov, your ramblings get more and more incoherent the as you keep typing

>>	Anonymous Wed Oct 9 01:13:50 2019 No.15859665 >>15859634 >your ramblings get more and more incoherent the boomer status: fuming

>>	Anonymous Wed Oct 9 01:16:05 2019 No.15859680 File: 56 KB, 680x813, 1563135483671.jpg [View same] [iqdb] [saucenao] [google] >>15859634 > T. Fuming boomer

>>	Anonymous Wed Oct 9 01:18:03 2019 No.15859693 File: 127 KB, 680x574, 1564947924136.png [View same] [iqdb] [saucenao] [google] >>15859348 >don't hold up to the game-theoretical outcomes

>>	Schiff Will Win !!L6zziHG8/KZ Wed Oct 9 01:19:40 2019 No.15859703 File: 973 KB, 2192x1022, 927658B5-F59A-4DC7-A4EB-7C68617D9538.png [View same] [iqdb] [saucenao] [google] >>15859665 >>15859680 t. Bleeding ponzimarines that bought above $4

>>	Anonymous Wed Oct 9 01:20:12 2019 No.15859704 File: 11 KB, 190x265, 1548436582042.jpg [View same] [iqdb] [saucenao] [google] >>15859439 >Ad hominem >no refutation

>>	Anonymous Wed Oct 9 01:20:33 2019 No.15859707 File: 14 KB, 460x343, 1558455701682.jpg [View same] [iqdb] [saucenao] [google] >>15859634

>>	Anonymous Wed Oct 9 01:22:20 2019 No.15859716 >>15859704 You can't refute something that makes no sense.

>>	Anonymous Wed Oct 9 01:25:21 2019 No.15859739 Bout time he spoke up about the snake oil. Shit is all vapor

Anonymous Wed Oct 9 01:26:32 2019 No.15859748

link discussions always miss the point.
There's one layer: the oracle system.
Link system is centralized but whatever.
Another is how much the token is worth - tokenomics.
Regardless of how well the technical layer works, the token is worthless. It's very simple: a user buys link, immediately transfers to the node, the node potentially sells immediately.
At what point is there a value transfer to link holders? There isn't any.
The holders can only hope to dump their stash before nodes sell - but that's only going to lead nodes to immediately short-sell the payment, making the money velocity very high and making the task nearly impossible.

Which means all profits can only come from other speculators, and the token itself is worthless (not exactly zero, but very close). Which is also the story of most tokens and coins.

Btw the link collateral system is really sinister: it's designed to extract money out of dumb node owners in the last stage of the hype pump. As the price falls, they are going to have to add more link to keep its value, effectively transferring wealth to other holders. It's going to continue until they are completely out of funds.
Smart nodes are going to borrow their entire collateral and earn interest on acquired stablecoins (with higher rates), insulating themselves from the price fall and creating no net demand for link except interest. Price goes up - pay part of the debt. Price goes down - borrow more. Collateral value kept stable.
At the end, even if 99% of all link is going to be locked as collateral, the token velocity is going to be so high as to make the price very close to zero.

Calculate the price on your own or you won't believe me: $10M in payments daily, nodes hold one payment 5 minutes.

>>	Anonymous Wed Oct 9 01:26:48 2019 No.15859750 >>15859439 Do you realise how immature you sound?

>>	Anonymous Wed Oct 9 01:41:36 2019 No.15859869 >>15858266 >>15858913 >>15858933 >>15858942 >>15859348 Holy fucking based

Anonymous Wed Oct 9 01:49:19 2019 No.15859921

>>15859748
...shit. I always thought about stuff like this. Maybe not following the collateral = scam game theory thing though. But definitely the main point that just because it's groundbreaking tech doesnt mean that investing in the token will matter all that much... somebody pls hopium me

>>	Anonymous Wed Oct 9 01:50:33 2019 No.15859929 File: 341 KB, 658x627, 1547253043114.png [View same] [iqdb] [saucenao] [google] >>15859921

>>	Anonymous Wed Oct 9 01:56:51 2019 No.15859997 >>15859929 th-thanks

>>	Anonymous Wed Oct 9 02:00:05 2019 No.15860023 >>15857970 AIDS from caught from holding shitcoins

>>	Anonymous Wed Oct 9 02:02:46 2019 No.15860047 >>15858091 He’s the literal definition of fag.

>>	Anonymous Wed Oct 9 02:04:52 2019 No.15860068 >>15859748 Doesn't take into account contracts having durations longer than your next tinkle. Good FUD, tho.

>>	Anonymous Wed Oct 9 02:06:12 2019 No.15860076 >>15860068 >what is short selling

>>	Anonymous Wed Oct 9 02:07:10 2019 No.15860084 >>15860076 >thinking contract writers are going to give node operators the option to shortsell the contract's insurance link payout

>>	Anonymous Wed Oct 9 02:08:56 2019 No.15860097 >>15860023 GRIDs is caught from holding chainlink

>>	Anonymous Wed Oct 9 02:14:28 2019 No.15860147 >>15860084 short selling works by borrowing the tokens and selling them. It's not possible to prohibit it. >get payment of 1 link >short sell 1 link immediately >close the short with 1 link after the payment fully clears

Anonymous Wed Oct 9 02:16:49 2019 No.15860160

You stupid faggots all thinking your going get rich in dollar terms ( yes don’t fucking deny it fags , you pre ejaculate even if the cucktocurrency increases by a fucking penny)
Getting scammed by Fat fucks and AIDS faggots solving problems that do not fucking exist in the real world.
So it’s fucking obvious you are all bullshitting each other and looking to dump you cucktobags into dollars and ass rape the greater fool who falls for your shill.
Your literally worse than wagon load of Jews fighting for a bread crumb in Nazi occupied Poland 1944.
Vermin
I hope the next holocaust is for the cucktofaggot

>>	Anonymous Wed Oct 9 02:17:27 2019 No.15860163 >>15860147 Why are node operators incentivized to short-sell over other behaviors?

>>	Anonymous Wed Oct 9 02:18:01 2019 No.15860172 File: 99 KB, 633x724, 1545368818809.jpg [View same] [iqdb] [saucenao] [google] >>15860160 I love nocoiner tears

Anonymous Wed Oct 9 02:22:25 2019 No.15860213

>>15860163
because
>The holders can only hope to dump their stash before nodes sell - but that's only going to lead nodes to immediately short-sell the payment
>>15859929
this reasoning is completely backwards. The price isn't going to be X just because even if that's required for the system to work.

>>	Anonymous Wed Oct 9 02:26:18 2019 No.15860248 >>15857905 He looks so fucking cool. I wish I looked like that, but I like food and sun too much

Anonymous Wed Oct 9 02:30:08 2019 No.15860284

>>15860213
>The holders can only hope to dump their stash before nodes sell - but that's only going to lead nodes to immediately short-sell the payment

What happens if/when contracts mandate LINK be held in the node for its duration? Even if node operators are buying LINK just to cover the contract, they're still removing that velocity you're talking about.

>>	Anonymous Wed Oct 9 02:32:35 2019 No.15860304 >>15860284 >At the end, even if 99% of all link is going to be locked as collateral, the token velocity is going to be so high as to make the price very close to zero.

>>	Anonymous Wed Oct 9 02:34:03 2019 No.15860313 >>15857905 dr;ns

>>	Anonymous Wed Oct 9 02:42:57 2019 No.15860370 >>15860160 https://www.youtube.com/watch?v=KTf5j9LDObk

Anonymous Wed Oct 9 02:47:47 2019 No.15860417

>>15857905
My favorite part of this is that I've been pushing an oracle system for a decade that makes link look like backyard dogshit, and it doesn't matter because the most emotional appeal I'm able to generate is autist morons on a Tibetan basket weaving forum saying "no link." The real irony in all this is that I could make link look like bronze compared to steel. Fuck all of you.

>>	Anonymous Wed Oct 9 02:47:51 2019 No.15860418 >>15857905 >"in the case of external data (e.g. fiat pricing), oracles are absolutely necessary" t. Vitalik in 2014 (when his opinion was actually still worth a damn) https://blog.ethereum.org/2014/07/22/ethereum-and-oracles/

>>	Anonymous Wed Oct 9 02:48:00 2019 No.15860422 >>15858266 Absolutely based

>>	Anonymous Wed Oct 9 02:52:25 2019 No.15860460 >>15860417 based

>>	Anonymous Wed Oct 9 02:56:50 2019 No.15860502 >>15860460 When you see a gig economy thing named after a river in a tippy-fedora to amazon, go with that. It's me. Fuck link even if it's the best bet to date. I got you homies.

Anonymous Wed Oct 9 02:57:36 2019 No.15860509

>>15858732
>>15858769
MakerDao does use oracles you retard.
See:
>"The reference price (ETHUSD) for the Maker system is provided via an oracle (the medianizer), which collates price data from a number of external price feeds."
https://developer.makerdao.com/feeds/

And here's Rune (founder of MakerDao) literally talking about using Chainlink:
https://wyre-talks.simplecast.com/episodes/fc4e10f3-fc4e10f3
(1:15)

>>	Anonymous Wed Oct 9 02:59:03 2019 No.15860524 >>15860502 california dreamin'

>>	Anonymous Wed Oct 9 02:59:07 2019 No.15860525 >>15859929 that's an awful lot of 'ifs'. sage.

>>	Anonymous Wed Oct 9 03:00:09 2019 No.15860537 >>15860524 Lemme fuggin tell ya' brother.

>>	Anonymous Wed Oct 9 03:00:42 2019 No.15860544 >>15858847 MakerDao is explicitly looking to decentralize its oracles, and are literally looking at Chainlink. Here's Rune on record: https://wyre-talks.simplecast.com/episodes/fc4e10f3-fc4e10f3 (1:15)

>>	Anonymous Wed Oct 9 03:01:41 2019 No.15860554 what is this autists' major malfunction?

>>	Anonymous Wed Oct 9 04:12:44 2019 No.15861142 File: 96 KB, 867x685, 1566169019079.jpg [View same] [iqdb] [saucenao] [google] >>15858266 thanks big brain fren

>>	Anonymous Wed Oct 9 04:28:08 2019 No.15861266 >>15857970 It's probably all the mETH

>>	Anonymous Wed Oct 9 04:35:55 2019 No.15861317 >>15857985 I got a chainstink shirt and Webcam cover. Anyone want them?

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