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/biz/ - Business & Finance


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19146478 No.19146478 [Reply] [Original]

You dont need to know anything about me other than the fact that I know my stuff when it comes to how contracts work in the real world. I'm not important. I don't have insider connections. But I have niche expertise that you should probably find valuable. And such a gem dragged through the muck by a bunch of bizlet moonbois is funny to me. I thought I'd come here and give a quick rundown on why Kleros is more than some pakistani pump and dump.


All of you here know about Chainlink and the Oracle Problem. LINK attempts to solve the oracle problem and serves as a decentralized source of objective truths. Keyword being objective. LINK is designed specifically to take verifiable data and bring it on chain in an end to end decentralized manner that keeps the integrity of the agreement in tact. The important takeaway is that a smart contract is only as decentralized as its most centralizing element.


Outside of financial applications, most contracts cannot be boiled down to a clean representation using only logic and objective truth. Imagine a contract between two businesses where the terms specify that Client shall receive goods and services from Vendor, meeting specific deliverable milestones on set deadlines. If a flood, earthquake, or other Act of God strikes the deadlines are to be relaxed. It is not possible in this case to rationally systematize the future release of a Vendor from a deadline for an Act of God that hasn't even occurred yet. In order to enforce these clauses, you have three options.

>> No.19146483
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19146483

>>19146478
(1) Defy the impossible, transcend mortality and become an omnipotent god that can see the future and then program your smart contract to take into account all future circumstances

(2) Allow parties in the contract to make unilateral decisions involving termination, nonpayment, etc. This is unacceptable as it introduces ridiculous counterparty risks that defeat the advantages of a decentralized contract. Remember, a smart contract is only as decentralized as its most centralizing element.

(3) Include in the contract a mechanism that recruits SUBJECTIVE JUDGMENTS in an end-to-end decentralized manner.


A successful system for delivering high quality subjective judgments into decentralized smart contracts must minimize the loss of security in the contract through the gained attack surface of a subjective input. This system must offer powerful incentives for coherence coupled with even more powerful disincentives for incoherence. It would need to be thoughtfully distributed to avoid centralization of the supply and subsequent manipulative whale game headaches.

>> No.19146493
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19146493

Do I need to further explain to you the value of such a system? You are sleeping on a fucking gem anons. If smart contracts take off in a big way, they WILL be used for more than just Decentralized Finance. And virtually all human interactions outside of the financial realm involve SUBJECTIVITY and JUDGMENT. Smart Contracts clearly cannot just allow for a single centralized party to make unilateral decisions. We clearly are not able to see the future, so it is impossible to design contracts in a way that avoids the need for subjective judgments. So far, this has been a natural limitation in the growth of smart contracts outside of the financial sector. Shit, nobody even really TALKS about decentralizing business-to-businesss (B2B) and business-to-customer (B2C) contracts anymore. But guess what? It's a use case that knows little bounds. Sure derivatives move quadrillions, but when you look at the summation of all of those B2B and B2C agreements you must be looking at hundreds of trillions of dollars which is nothing to shake a stick at.

Chainlink and Kleros are Yin and Yang. LINK if successful will achieve a significantly greater final/peak valuation simply from the nature of Finance being a heavy sector, but PNK is in it's infancy with a clear head start, incubation from Thomson Reuters, and intimate associations with Colin Rule the grandpappy of dispute resolution.

Yeah, I'm thinking you need to dig into this one anons.

>> No.19146789
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19146789

$4 is FUD

>> No.19146900

Curry curry curry peeee poo poo poo poo

>> No.19146923

>>19146478
again a fake thread full with retard scammers. You cannot replicate the LINK based community stop spamming

>> No.19147004

>>19146923
There are more PNK holders here than LINK you idiot. LINK holders made it. It's time for a new oracle coin.

>> No.19147156

>>19146923
We can tho, and it's already happening. Not much you can do to stop it. We might even gain better long term. How does that make you feel? Hopefully you're selling the top of LINK before it bleeds back under $1.

>> No.19147839

>>19147004
i don't think so. lots of lurkers. i do suspect kleros will out perform chainlink mid term. maybe not long, but we shall see.

>> No.19147869

>>19147004
>LINKies actually turning their noses at anyone
The linkpocalypse will not be kind to you and your ilk

>> No.19147879

reporting for duty

>> No.19148647

>>19147839
>out perform chainlink mid term
Uh anon?...you ok? Chainlink can at max 10x before Kleros 100xs

>> No.19148714

>>19146478
sorry but I will start shilling pnk after 3-4cents, before that only buying

>> No.19149259

Ten cents when

>> No.19149794

>>19148714
Me too. I know a few others like us.
Accumulating for now.

>> No.19149991

>>19148714
consider fudding it. clement with his printing proposal for example is a good starting point.
fudding kleros is way more fun than shilling it, everyone with half a brain can read a whitepaper and recognize the project, but only very few master fudding it in a believable way.

>> No.19150041

>>19149991
Is it really fud if it's true? 30% more tokens minted means a 30% dump in price. It will be better to buy after the inevitable dump.

>> No.19150139
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19150139

>>19146923
This
This PnD group that originated on telegram is slightly smarter the the average pajeet because they modeled their /biz/ targeted shill campaign around LINK memetics to sucker in the newfags who want to get in the "next LINK". Get them onto their front discord and groom them like the trannies they are.
Of course it's a shallow, tryhard ripoff but naive newfags don't know any better.

>> No.19150168

>>19149259
March 2020

>> No.19150243

>>19150041
the distribution of this shitcoin is awful anyway, there are a few whales who totally control the direction of the price chart and that's true for all of these low caps.
everyone will have an eye on the public address of the team, so they certainly won't do any funny stuff and just dump it on the market, but rather use the funds as stated in the proposal so that they can brag about their ((transparency)) while dumping their personal wallets once this reaches new highs.

>> No.19150528
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19150528

The untouchables shall be eradicated from our villages and we will each have our very own castle with plumbing

>> No.19150621

>>19150243
yeah, and that's different from ANY crypto how? (the direction is UP btw)

>> No.19150665
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19150665

>>19150168
Okay sir I holding in reversh

>> No.19150709

>>19150139
>pnd group that was shilled the other day by vitalik
Fuckin tard

>>19150243
all one has to do is check etherscan to btfo you

>> No.19150721
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19150721

>>19150139
You don’t really actually believe this do you? How big is your bag anon? Pic related.

>> No.19150849

>>19150041
It pumped after the last minting brainlet stay poor

>> No.19150875

>>19150139
yeah Vitalik is a discord tranny and he's in on it too kek you fucking brainlet with nigger tier intelligence

>> No.19150953

>>19150849
That was because there was a token sale. This time there won't be one.

>> No.19151415

>>19150721
Dude, Vitalik is ALL OVER this for the whole year.

We're going to $1. Plain and simp.

>> No.19151429

>>19150953
You do realize that most of it will be sold OTC right? The other small amount that's left over is for paying employee in PNK that's locked up for 3 years to give incentive to deliver, the rest is for bounties and community development and stuff just like before, and it still mooned and will again. Bring better fud next time kiddo.

>> No.19151503

>>19151429
No point wasting your time with fudders

>> No.19151520

>>19151429
I'm not fudding, it's just basic economics. Unless you think that demand will increase significantly in the next few weeks, more supply = lower price. I am bullish on PNK long term, but in the short term it will dump.

>> No.19151739

>>19151520
> applies supply/demand narrative on a 60000 USD volume shitcoin
truly only the most brilliant minds are on biz ...

>> No.19152572
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19152572

>>19151520
Buy ANJ then faggot there's no saving you

>> No.19152610

>>19151520
You're the nigger from Jamaicoin you expose yourself so obviously with your nigger logic that only a sub human brainlet would fall for.

>> No.19152620
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19152620

>>19151739
You’re not a forward thinker. Leave.

>> No.19152863
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19152863

ANJ only holding is pretty low IQ desu. At least hold both, but anyone with any sense can see PNK is the leader in this development

>> No.19153185

>>19148647
I love when 80 iq third worlders make claims like this without any logic or facts or anything