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17458545 No.17458545 [Reply] [Original] [archived.moe]

Chainlink was a good idea but suffered poor execution, this is coming from an expert in both cryptography and finance. They are hosted on a cluster of instances designed for image processing instead of high frequency parallel computation... I’m not even fucking with you. Google “mongoDB” latency concerns. The engineers clearly have no idea what they are doing, you’d be wise to just sell and forget.

>> No.17458570

what’s your take on kleros

>> No.17458582

Never heard of it, never will

>> No.17459240


>> No.17459250

Ok retard

>> No.17459270

I'm a developer and I looked over the Chainlink white paper and documentation, as well as the blog post by Google. Here's a few reasons I would not use Chainlink for my own apps:

The current "mainnet" is not decentralized. there's no way to decentrally assess if an oracle is any good or not.
It took them 2 years to basically build centralized oracles, which is extremely unimpressive (and already exists). I do not have much hope for the future or the competency of their engineers.
The white paper doesn't coherently describe how they plan on making their centralized design decentralized one day. They broadly go over their "decentralized" reputation strategies as if creating sybil resistant decentralized reputation is something of an afterthought, when it's actually an unsolved computer science problem. They've had 2-3 years and 30mil in funding to actually publish technical specifications for this and instead they decided to build trivial centralized oracles. Extremely worrying. It kind of reminds me of IOTA "we'll remove the coordinator later". No you won't. You don't know how.

News outlet and journalists keep reporting on "partnerships" with Google and Swift. But if you actually read the source for the "partnership", it's just a blog post by Google Cloud that promotes their own service (BigQuery) and shows an example about how Chainlink users can use Google Cloud if they want. In no way is Google partnered or planning on using Chainlink themselves. The Chainlink codebase is extremely trivial to rebuild if Google wanted to get into the blockchain oracle space.

While there's certainly profits to be made by trading Chainlink, I recommend you do not HODL it with the hope that one day developers will adopt it as their source for decentralized oracles. That certainly won't happen.

>> No.17459306

What the fuck are you doing anon now how are we supposed to profit off retards and fomo fags, also watch how this entire comment and ops post is ignored. Also most of the applications of chainlink ive seen so far make it seem like a glorified data/price puller

>> No.17459326

Guess the jig’s up in this thread though so watch as hodlers sidestep this https://blockonomi.com/chainlink-pricing-anomaly/

>> No.17459392

Interesting. I appreciate your guys take on this.

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