HAHA It's official over for Chainlink

[Anonymous No.19344415]

One of the most credible people in this space comes clean. Sorry linkies, better luck next time. Sell now before it's too late and you're left hodling heavy bags.


https://twitter.com/gakonst/status/1265182682750869504

[Anonymous No.19344441]

>>19344415
>t. seething nolinker

[Anonymous No.19344442]

ouch!
by the time normal fags figure this out they are dead -so awesome

[Anonymous No.19344443]

>>19344415
> Doesn't understand how money motivates people
> Credible
You have to go back to discord

[Anonymous No.19344482]

He sounds like diarrhea he dooo dooo baby

[Anonymous No.19344486]

>>19344415
Ouch, linkys cannot refute this.

[Anonymous No.19344488]

>>19344415
who is that medinigger?

[Anonymous No.19344524]

>>19344415
>muh token distribution
Those tokens are all Chainlink will ever have to fund/incentivize its network.
And having Chainlink distribute 1/3rd of the token supply to actual nodes is much better than distributing most of the tokens to individual investors.

>you should use a known oracle
Well KYC will always be an option for Chainlink nodes.
This faggot is just ignorant af.

[Anonymous No.19344538]

>>19344415
Never heard of him.

[Anonymous No.19344556]

>>19344415
I am not a linker, but his argument is pretty much like saying banks shouldn't need collateral for loans because the borrower's incentives should be aligned with system success without them.

[Anonymous No.19344599]

It's great seeing "critiques" being put forth by crypto thinkers and analysts which were considered simple here in discussion in 2018.

[Anonymous No.19344716]

>>19344415
>a literal who says something bad about chainlink
wow fascinating anon market sold my stack thank you

[Anonymous No.19344767]

>>19344415
>You should work for free

[Anonymous No.19344772]

>>19344524
>decentralized oracle
>founders decide how to distribute link to nodes
Use your brain. There is no excuse for this design. The only reason for this scheme is to make the founders rich. They have not solved the oracle problem.

[Anonymous No.19344802]

>>19344772
2017-tier fud lmao keep seething

[Anonymous No.19344854]

>>19344802
it's not fud if it's true

[Anonymous No.19344861]

>>19344772
they're kycing nodes at the network's infancy to build rep. fudding that as not decentralized is retarded.

[Anonymous No.19344929]

>>19344415
>One of the most credible people in this space comes clean.
by "this space" do you mean greek twitter shitposters

[Anonymous No.19344951]

>ITT linkies ignore contracts already gauranteed better collateral coverage and data sources already get paid
noooo. chainlink is the very first thing to pay data sources. No one else has thought of the idea of giving data source money! chainlink is the first!

[Anonymous No.19344979]

OMG!!!1! The mighty Georgios Konstantopoulos doesn't like Link!!!1!! Thanks for heads up OP, selling my stack right now.

[Anonymous No.19345009]

>>19344772
Oracle services will be denominated in fiat, most likely.
How many tokens are held by whom is entirely inconsequential.

You have zero idea what you're talking about.

[Anonymous No.19345054]

Literally who? The guy w 17 likes? Hahahhahaa

[Anonymous No.19345059]

>>19344415
What is penalty for incorrect oracle data? Knock on the door and slap on wrist? Lmao this guy is a novice at best when it comes to understanding chainlink and tokenomics

[Anonymous No.19345075]

>>19345059
>what is the penalty for incorrect
NO ONE HAS EVER THOUGHT OF THIS BEFORE. THE ONLY WAY TO PENALIZE SOURCES IS THROUGH CHAINLINK. NOTHING ELSE CAN EVER DO IT. FUCK FUCK FUCK FUCK. PENALIZING DATA? HOW IS THAT POSSIBLE WITHOUT CHAINLINK!!! >>19344951

[Anonymous No.19345081]

I am OG linker and hes semiright distribution is fucked and "incenevise network" is lame argument

[Anonymous No.19345104]

>>19344772
Does your retard brain understand that the oracle problem is fundamentally unsolvable and Chainlink is the best approach to truth so far?

[Anonymous No.19345125]

>>19345075
The only way to penalize sources automatically (i.e. through a smart contract) is via collateral.

[Anonymous No.19345155]

>>19345125
>completely ignores pic >>19344951
oh my, its another linkie who thinks chainlink thought of penalizing a bad fee of data first. GROUNDBREAKING. No other way to do this other than making simps and neets multi millionaires. WE GOT EM NOW

[Anonymous No.19345156]

>>19344951
>muh bloomberg

stfu.

[Anonymous No.19345175]

>>19345155
>>19344951

An oracle run by the source is still a centralized point of failure.
This hasn't changed since Vitalik described oracles as being inherently decentralized back in 2014.

[Anonymous No.19345178]

>>19345155

[Anonymous No.19345183]

*yawn* Don't worry bros, chainlinkgod will take care of him and end his life. I'm feeling sleepy guys

[Anonymous No.19345191]

>>19344415
Should I move to Kleros for the next big oracle play? I might go half in on Tellor too, desu

[Anonymous No.19345214]

>>19345175
and here we go
>chainlink has no central points of failure
LOL
And since someone decides to use chainlink instead of a contract, that means sources have no contractual obligation at all
>woops, sorry we costed you million dollars worth of fuck ups in data
>but we already payed collateral, so all is fair UwU

[Anonymous No.19345221]

>>19345075
Have you tired having sex?

[Anonymous No.19345230]

>>19345214
>>chainlink has no central points of failure
>LOL
Well no.
Unless you decide to use a single Chainlink node.

>And since someone decides to use chainlink instead of a contract, that means sources have no contractual obligation at all
Unless you KYC.

Oracles are about allow smart contracts, meaning automated contracts.
Different rules obviously apply, for instance automatic penalization.

[Anonymous No.19345249]

Does he have valid points or is this just fud. I need to know so I can buy more link

[Anonymous No.19345262]

>>19345230
>averaging out multiple nodes doesnt make it vulnerable to sybil attacks
LOL
also
>NO ONE ELSE CAN AVERAGE OUT SOURCES AT ALL AND REMOVE OUTLIERS! THAT IS 100% IMPOSSIBLE WITHOUT CHAINLINK!!

KYC is knowing your source. its not a contract you stupid brainlet. Just because you know joe bob fucked up the data, doesnt mean you have a contract. If joe bob fucks up the data, all joe bob can say is
>well i payed collateralnon the network. whats the problem?

[Anonymous No.19345273]

>>19345214

[Anonymous No.19345285]

>>19344802
it's true tho

[Anonymous No.19345299]

>>19344951
Not a valid comparison

Bloomberg market feeds are not used for automatically executing smart contracts

For that you need a decentralized oracle system

[Anonymous No.19345305]

>so yeah, chainlinks collateral system is definetely better than contracts bro
>there is no chance of rigging a collateral system at all
>chainlink has no central points of failure like those centralized oracles

[Anonymous No.19345310]

I can never understand how people can be so confident in themselves when they are a bunch of nobodies. Yes I'm sure this complete who just btfo Sergey, Ari Juels, Tom Gonser, Evan Chang, Consensys etc etc.

[Anonymous No.19345318]

>>19345299
lmao. the guy who made that post is a smart contracts developer. soooooo

[Anonymous No.19345327]

>>19345262
>>averaging out multiple nodes doesnt make it vulnerable to sybil attacks
Sybil attack doesn't mean there's a central point of failure.

>>NO ONE ELSE CAN AVERAGE OUT SOURCES AT ALL AND REMOVE OUTLIERS! THAT IS 100% IMPOSSIBLE WITHOUT CHAINLINK!!
Said no-one ever.

>KYC is knowing your source. its not a contract you stupid brainlet.
If you KYC, you can hold parties under contractually obligation if that's what you want.

[Anonymous No.19345351]

>>19345310

[Anonymous No.19345352]

>>19345318
So what?

M Hluongo is also a smart contract developer who shat on chainlink and then his project got shut down after two days

bZx were also smart contract developers who didn't use chainlink until someone exploited their centralized oracles and they then switched to chainlink

The fact is you are suggesting that you can "just use bloomberg bro" when the fact is this is not what bloomberg is for. Yes, bloomberg makes mistakes, as someone who uses it every day I can tell you. That's generally not a problem, usually I can recognise the mistake and highlight it to them. But if a smart contract that is automatically executing based on it then it suddenly becomes a problem.

[Anonymous No.19345366]

>>19345318

[Anonymous No.19345367]

>>19345351
>AUTHORITY BIAS!!!

Says the faggot who just posted this >>19345318

[Anonymous No.19345368]

>>19345262
>NO ONE ELSE CAN AVERAGE OUT SOURCES AT ALL AND REMOVE OUTLIERS! THAT IS 100% IMPOSSIBLE WITHOUT CHAINLINK!!

Sure, someone else could make a competitor to chainlink... it just happens that there aren't any good competitors to chainlink right now. Like, not even one. Chainlink is literally the industry standard.

[Anonymous No.19345369]

>>19345327
>t. no idea what sybil means

>If you KYC, you can hold parties under contractually obligation if that's what you want.
BING BING BING. You just found out why chainlink is useless middleware. Please read this >>19345305 for further info

[Anonymous No.19345376]

>>19345369
>>t. no idea what sybil means
It means attacking via a majority of decentralized entities.
It proves there is no central point of attack.

>BING BING BING. You just found out why chainlink is useless middleware.
But Chainlink offers KYC as an option.

[Anonymous No.19345377]

>>19345367
>that image has nothing to do with smart contracts
actually it was written by a smart contract developer
>CONFORMITY BIAS

yep. you have no idea what that means

[Anonymous No.19345386]

>>19345369
>chainlink is useless because you can just KyC centralized oracles

lol, no

[Anonymous No.19345393]

>>19345377
>>that image has nothing to do with smart contracts
Said no-one.

[Anonymous No.19345397]

>>19344415
so desperate to fud link you have to find obscure tweets by a literal who.

[Anonymous No.19345403]

>>19345376
k
>chainlink has that as an option
now tell me. think really hard. if chainlink already does something you can do for way less money and more efficiently, why would you need chainlink at all?
>MUH COLLATERAL SYSTEM
but the client is already using contracts
>BUT CHAINLINK OFFERS KYC TOO
but i can just do contracts without chainlink
>uhhhhh

[Anonymous No.19345407]

nico bully gf

[Anonymous No.19345425]

>>19345403
>now tell me. think really hard. if chainlink already does something you can do for way less money and more efficiently, why would you need chainlink at all?

You can already make smart contracts for way less money and more efficiently without chainlink? Uhh, no you can't. There's a reason a majority of the money in smart contracts is in chainlink smart contracts.

[Anonymous No.19345430]

>>19345403
>if chainlink already does something you can do for way less money and more efficiently, why would you need chainlink at all?
What the fuck do you mean "way less money"?

>but the client is already using contracts
lmao your argument is now "don't use smart contracts, just use regular contracts".

>but i can just do contracts without chainlink
Absolutely.
Nobody's saying you can't lmao.

[Anonymous No.19345435]

>>19345403
>contracts are secure
>using contracts in addition to collateral is more secure but somehow a worse solution
>???

[Anonymous No.19345452]

>>19345425
>Uhh, no you can't.
LOL. >>19344951

>B B BUT IF YOU USE CHAINLINK COLLATERAL, YOU CAN MAKE THE DATA FEES PAY A THOUSAND DOLLARS MORE AND ENCOURAGE RIGGING FOR HIGHER STAKE REWARDS

[Anonymous No.19345495]

>>19345435
collateral is fucking useless and does nothing but encourage rigging you brainlet.
Here, ill explain it to you in simple terms why chainlink is retarded
>i want data
>im going to use KYC from chainlink, setup a contract and pay chainlink network fees
>since chainlink has collateral, it will be way more secure :^)
>*source fucks up data costing the company millions of dollar*
>oh my god, you fucked up everything! How is this possible chainlink had collateral??
>well the collateral only costed us an extra thousand and didnt really affect us at all
>were more scared of the contract penalty
>but if youre more scared of the contract, what the fuck is the point of chainlink!?
>well, we can rig fees so we get payed more staking for providing wrong data :^)
>this system is fucking horrible!

[Anonymous No.19345499]

>>19345452
Obvious trolling. Your earlier posts were fine but you're being too obvious here.

You had three years anon, sorry you missed out but you've nobody but yourself to blame.

Personally the biggest thing I'm looking forward to is when Oracle integrates chainlink in Q3. You can read about the first 20 integrations via oracle here:

https://www.ledgerinsights.com/oracle-selects-startups-chainlink-project/

[Anonymous No.19345512]

>>19345495
>source fucks up
Well take it up with the source.

The collateral is to make sure the oracle sitting between the source and the contract doesn't mess up.

[Anonymous No.19345524]

>>19345495
That's not how it would go at all.

The way it would go is

>You request data from the chainlink network
>You decide to pick 10 different oracles, each using different data sources
>One of those nodes fucks up. Their answer is discarded and they pay a fee
>You get the correct data from the remaining 9 nodes

Maybe you're confusing chainlink with centralized oracles, which notoriously make mistakes like this

[Anonymous No.19345559]

>>19345524
this.

[Anonymous No.19345565]

>>19345495
Ok let me tell you how it actually goes

>i want data
>As a customer I don't need KYC, I setup a contract and pay chainlink network fees
>since chainlink has collateral, it will be way more secure :^)
>*source fucks up data costing the company millions of dollar*
>I am instantly refunded millions of dollars from the collateral
>I don't need waste time and money on lawyers and lawsuits

[Anonymous No.19345568]

>>19345524
>chainlink is the only system that averages out multiple sources and disregard outliers
>no other system can do this
also. If youre doing KYC, what the fuck is the point of having multiple other anonymous sources?

[Anonymous No.19345595]

>>19345568
>>19345495
How the fuck do you not understand that multiple security measures stack up and improve overall security?

[Anonymous No.19345606]

>>19345568
fail-proofing

[Anonymous No.19345615]

>>19345568
for building rep you absolute brainlet. if the network was decentralized from the beginning, you'd whales capable of being bad actors.

[Anonymous No.19345652]

>>19345568
>>chainlink is the only system that averages out multiple sources and disregard outliers
>>no other system can do this
Says who?

>If youre doing KYC, what the fuck is the point of having multiple other anonymous sources?
What the fuck, so you still get a correct answer after weeding out the incorrect outlier.
Are you stupid or something?

[Anonymous No.19345704]

>>19345565
>im gonna just make collateral millions of dollars more
cool. i can just make contracts a million dollars more too. All the money they would have to pay in collateral is money they already have. If you fuck up the data and cost me millions of dollars, i still lose a million dollars
>BUT YOURE INSTANTLY REFUNDED IN SHIT TOKENS
Whose going to determine whats the right feed? What if the wrong feed gets penalized millions of dollars? Are you just gonna give the collateral back kek.
>>19345595
because its all fucking retarded security measures that does nothing to solve the fundamental problem. Its band aid solution. Except, its extra bloatware that costs network fees
>>19345615
>im gonna just get feed from a KYC source
>NO. YOURE GOING TO GET FEES FROM ANONYMOUS SOURCES BECAUSE THEY HAVE HIGH REP
>but i already have a kyc source im teusting everything in
>NOOOOOOOO

[Anonymous No.19345735]

>>19344415
>Translation
>Nazis have all the tokens so it’s a bad solution because we don’t want them to get rich

[Anonymous No.19345737]

>>19345704
>because its all fucking retarded security measures that does nothing to solve the fundamental problem.
The fundamental problem is having a centralized point of failure.
Using multiple nodes resolves this.

>>NO. YOURE GOING TO GET FEES FROM ANONYMOUS SOURCES BECAUSE THEY HAVE HIGH REP
You keep conflating "sources" and "oracles".

You have no idea what you're talking about.

[Anonymous No.19345772]

>>19345568
Currently no other oracles do this, correct.

If you're talking about regular contracts then you're just shitposting.

[Anonymous No.19345786]

>>19345737
>Using multiple nodes resolves this.
>no other system can do this. only link. no other system has ever thought of having multiple sources and averaging it out. only link
k
>i dont know the difference between myc sources and ones who dont have it
k
>Currently no other oracles can do this
>CAN do this
lmao

[Anonymous No.19345801]

>mask
Opinion discarded.

[Anonymous No.19345812]

>>19345786
>>Using multiple nodes resolves this.
>>no other system can do this.
These are two completely different statements.

>>i dont know the difference between myc sources and ones who dont have it
What?

[Anonymous No.19345817]

>>19345786
So your argument is now, well maybe a competitor to link will appear, therefore chainlink sucks

[Anonymous No.19345841]

>>19345817
there wont be a competitor brainlet. It simply just exists. If people want average out sources they will. If they want a contract from a single kyc source, they will do this.
its not question of when
its a question of what the fuck does chainlink do no other system in the world cant do tokenlessly.

[Anonymous No.19345851]

>>19345786
>15 posts by ID

Woahhh, wait a minute there nolinker, you're telling me that

>despite hating LINK you monitor the price religiously and make a thread as soon as there is any movement
>develop novel and intiutive FUD plotlines using the most up to date information you constantly seek out
>dedicate your creative energies to editing maymays with LINK branding
>have LINKtrader, GitHub, Gitter, pivotaltracker bookmarked so you can keep up to date with the project you hate
>actively participate in a LINK discord or telegram group
>know more about LINK than any other project, even more than stinkylinkies themselves

You need to have sex incel

[Anonymous No.19345877]

>>19345841
>its a question of what the fuck does chainlink do no other system in the world cant do tokenlessly.
You can run a Chainlink node for free all you want lmao.

[Anonymous No.19345914]

>>19345877
and that doesnt utilize the tokenomics at all you dumb brainlet. hence why link will always forever be; middleware

[Anonymous No.19345920]

>>19345841
this simply does not exist yet at this moment for smart contracts and you're being dishonest if you think so. the reason this is attractive for industry use is to save a shitload of money they currently spend on middlemen and clearing houses.

[Anonymous No.19345954]

>>19345914
>and that doesnt utilize the tokenomics at all you dumb brainlet.
No it doesn't.
Nor does it use the basic concept of "incentive".

But it's an option that's available to you all the same: if you want to prove "token not needed", then go run a Chainlink node for free.

>hence why link will always forever be; middleware
That's the plan, yes.

[Anonymous No.19345990]

HOW DO I SELL

[Anonymous No.19345998]

>>19345920
>simply doesnt exist yet
yes. and you want to know why? BECAUSE NO IN THE FUCKING WORLD USES SMART CONTRACTS YET. Chainlink is a system built for a future that will have no use for it in the first place. But because they think they gave a shitty solution to a future problem first people will do their solution.
hence why literally the visa digital dollar patent calls for centralized oracles already.
>>19345954
and your incentives are retarded. repeat of this lovely convo >>19345495

>but you can run it for free :^)
why?
>just causeeee :^)
but we wont use your shit token
>were just going to be avaliable for you anyway :^)

[Anonymous No.19346009]

>>19345914
get a load of this anon's fud. implying being middleware is a bad thing. lmao. holy shit you've completely ran out of things.

[Anonymous No.19346019]

>>19345998
>>but you can run it for free :^)
>why?
Because you say the token isn't needed.

[Anonymous No.19346025]

>>19344415
thanks, just sold 200k

[Anonymous No.19346026]

>>19345998
Laugh at this poorfag HAHAHAGAHAHAA

[Anonymous No.19346035]

>>19344415
He has a point about the distribution, whales can easily controltheprice right now.
He's full of shit on the token not being required, with no incentive or punishmwnt your information isnt remotely trustworthy

[Anonymous No.19346050]

>>19345998
because no one is going to use self executing contracts with a single point of data. ENTER CHAINLINK with tee, threshold signatures and tamper proof data.

[Anonymous No.19346076]

>19 post by this ID

[Anonymous No.19346082]

The only thing gayer than fudding in 2020 is replying to people who fud in 2020 and giving them the (you)s they so pathetically crave.

[Anonymous No.19346091]

>>19345998
Alright so everyone can see through your bullshit now, I just want to know one thing:

What does your portfolio look like?

Please let me laugh one more time at how retarded you are

[Anonymous No.19346115]

>>19346035
>He has a point about the distribution, whales can easily controltheprice right now.
That's why Chainlink kept 1/3 to be distributed among nodes.
It means less control for those who are holding the 1/3 from the ICO.

[Anonymous No.19346162]

>>19344415
I cant imagine how anyone is literally surprised about this. Chainlink tries 10 Things at the same, while actually not pursuing any of them properly. The tokenomics are unheard of, the gametheory is untested with no references whatsover, there are still major technical bottlenecks everywhere because they are all unsolved computer sciene problems. They will never deliver on the tech and you cant even blame them because its literally impossible to do so. bizreali retards are the only ones to blame, because they dont know compsci. there is a reason vcs exists to scheme pump and dump for hyped useless technology. but you guys all have no insider knowledge tough. but yeah normies gamble in casinos and lottery and shut ins get wet dreams about their meme tokens. they are both equally retarded about their money

[Anonymous No.19346195]

>>19346162
>They will never deliver on the tech
lmao, Chainlink already delivered on the basic premise: decentralized oracles (which are handling hundreds of millions of USD as we speak).

The rest (staking, TEE, mixicles, t-sigs, ...) are additional features that will be released over time.

[Anonymous No.19346292]

>>19346195
sure thing bucko.
are you by chance a IOTA investor aswell? when do you guys get rid of your coordinator on your 25 year old tech directed 15 tps graph network. its been half a dozen decade already it will surely be anytime soon

[Anonymous No.19346303]

>>19346292
I don't think you understand the words "basic premise".

Chainlink fulfilled that promise a year ago.
IOTA still hasn't.

[Anonymous No.19346384]

ITT OP does mental gymnastics and changes his opinions for a few hours to keep fudding

[Anonymous No.19346408]

>>19346292
Subhuman

[Anonymous No.19346482]

>>19346303
Amazon and Google were in retrospect not really risky in 1999. But Chainlink in 2020 is more risky on different dimensions outside of this galaxy. It is a matter of when this card house implodes in itself not if.

[Anonymous No.19346539]

Amoveo is the answer

[Anonymous No.19346556]

>>19346482
based strokeposter

[Anonymous No.19347131]

Who gives a fuck and what does this have to do with BTC?

[Anonymous No.19347201]

>>19346556
Ignorant retard

[Anonymous No.19347223]

>>19347201
Do tell what that post had to do with the discussion.

[Anonymous No.19347527]

>>19344415
Listening to a Greek.... Topkek

[Anonymous No.19347603]

>>19347527
Andreas Antonopoulos would like to speak with you

[Anonymous No.19347708]

>>19344415
>>19344441
>>19344442
>>19344486

I hold 15k LINK and am very bullish on it, if only as a speculative vehicle. Although it is clearly the most promising project in crypto. This guy brings up my only doubt about crypto at large, which is: what if people want to trust centralized figures rather than take on all the risk themselves? Personally I prefer to have a bank manage my funds because theyre far more versed in security than I am and they can be held responsible if something goes wrong. I actually dont trust myself to safely hold and store private keys, lest my computers/hardware get broken or stolen, or written down keys get lost or in the wrong hands. People love to say crypto is decentralized, but its not; it just puts all the centralization of stewardship, management, and security into your own hands. And most ppl cant or dont want to do that— imagine fat fingering an address when sending funds and losing your transaction, or having your computer stolen, or being in an accident where u hit your head and lose or forget your private keys where all your money is. Remember that most socially healthy people are not schizoid prepper libertarians, and they actually like to have trusted entities manage their most valuable goods. They dont want to grapple with managing private keys and keeping them secure along with all their hardware. They want, as op pic says, to have a door they can knock on behind which there is a person who can speak to them comfortingly in their own language and reverse their problem

[Anonymous No.19348055]

>>19344415
>One of the most credible people
keeeeeeeeeeeek

[Anonymous No.19348193]

>>19344415
>credible
hahahahahahahahahahahahaahhahahahahahahahahahhahahahhhaha

[Anonymous No.19348265]

2 days until Sergey speaks. The FUD is getting rather aggressive

https://diffusion.events/

[Anonymous No.19348302]

>>19344415
sergay betrayed us all, we were supposed to be all in this together

[Anonymous No.19348348]

>>19344415
>One of the most credible people in this space
who is he/she?

[42 No.19348359]

>>19344599
They truly are far behind us.
Even board of director level executives are 1-2 years behind us.

[Anonymous No.19348394]

>>19345495
you are a regular poster on /r/buttcoin

[Anonymous No.19348400]

>>19344415
I've never heard of him. It's funny how he criticizes link yet doesn't provide or consider a better solution. I wonder why.

[Anonymous No.19348411]

>>19344415
Why BSV will succeed. Fundamentally. No one wants data from your home brew oracle labelled "Gas Jannies. 1488."

[Anonymous No.19348555]

>>19345183
Go take a nap fren. We will all be waiting for you!

[Anonymous No.19348601]

>>19345495

Why are you picking one node only? If you had picked multiple, it would have been discarded.

I get what you're saying about the KYC nodes though. You picked 10 KYC verified nodes by chainlink, 1 bad, 9 good. You get your data, but is this just not a way on "spreading" out the centralisation, but within the same centralized source?

I guess they really need to hammer down KYC verified. It doesn't mean that they're hand picked by Sergey (and subject to his/ temas bais) but more they're ahnd picked by Sergey because their node maintenace/ upkeep/ whatever, has passed chainlinks standards for what is an acceptable node?

Am I correct in saying that?

I've a bag of LINK, but I'm not a die hard believer. Tend to approach these things conservativey.

[Anonymous No.19348657]

>>19344442
imagine if you tried to better yourself instead of trying to feel happy when things go badly for other people. I have a suggestion you can start with: commit suicide you dumb cunt faggot

[Anonymous No.19348743]

>>19348601
it's aggregation but laying the foundation of rep for additional nodes in the future. if decentralized from the onset, it would be like the wild west and you could have yourself sybil type attacks. anyone crying about verified nodes this early in the life of the network is a dipshit.

[Anonymous No.19348814]

>>19348743

Oh no I fully understand the point of centralization in the beginning. Its like a child; nurture it centrally until it develops and becomes independent and self-sustaining/ decentralized.

I was just responding to this guy, and then start typing what I thought his misconceptions of KYC were. I believe in LINK, I'm just not die hard like some of the people here is all. Ethereum was initially centralized too sure.

[Anonymous No.19350009]

>>19348743
This is what it is all about. Decentralization at the beginning is a meme. Whoever does it will be risking the project in the long run. Pretty soon, people will want to be a part of CL ecosystem and will provide decentralization in a more smoother, engaged and sustainable way. First the product and the brand and then the neet nodes ...

[Anonymous No.19350143]

>>19348555
Based Trips.
Im gonna take a nap too.
This is all so tiresome.

[Anonymous No.19350156]

>>19344441
this and hes clearly illiterate when it comes to tech.

[Anonymous No.19350222]

>He didn't take his 50x on link and put it in ESH/GHOST

Oh man, definitely NGMI

[Anonymous No.19350312]

>>19347708
>What if everyone has slave morality like me and hates being empowered as a user?
Then blockchain is pointless and fated to disappear.

[Anonymous No.19350344]

>>19347708
ChainLink isn't made so that SheWonda can keep track of her food stamps more easily

[Anonymous No.19350581]

>>19347708
What risk are you talking about pussy? It’s literally more secure to let the smart contract execute automatically with the node operator risking collateral than trust a long distance calling pajeet in India to move your funds stuck in an exchange wallet during

[Anonymous No.19350852]

>>19350581
It a fud pasta my dude...

[Anonymous No.19350935]

>>19344415
He's right, a token isn't needed

[Anonymous No.19351073]

>>19344443
You do understand an oracle operator can be financially incentivized with any form of currency, yeah? It doesn’t have to be an obscure, illiquid ERC20 token.

No legitimate company is going to risk a decentralized anonymous data provider, because if things go south, they can’t sure anybody. They’d much rather have a bloomberg provide data and pay them for it. That is how the industry works and will continue to work, even on the blockchain.

[Anonymous No.19351120]

>>19351073
T. Paul Krugman.

[Anonymous No.19351239]

>>19351073
fighting the good fight
i appreciate you anon

[Anonymous No.19351331]

>>19344415
OP is a faggot. DR:NS I have been through it all. ALL THE FUD.

Fuck chinks, niggers, jannies, gooks, jews and spics

[Anonymous No.19352421]

>>19347708
based

[Anonymous No.19352481]

>It's ooveeer!
>Stupid stinkies!
>Pajetery unprecedented!
>Board ruined!
>Gamblers all over the place!
>Buy my premium heavy baggies, sirs!

[Anonymous No.19352907]

Did I read this anti anti fud thread? no
Did I read about DTCC and Project Whitney? yes

[Anonymous No.19353146]

>>19352907
also
>pic related
did this nigger marcus brodsonqiush read Klaus Schwab´s 4IR? enough breadcumbs for today wagies

[Anonymous No.19353508]

>>19351073
>It doesn’t have to be an obscure, illiquid ERC20 token.
Many end users will hardly know they used the token.

A dedicated token makes the most sense. If you used ETH the price of it could crash for a million reasons.
With Link the token price is relatively shielded from external influences.

>No legitimate company is going to risk a decentralized anonymous data provider, because if things go south, they can’t sure anybody.
That's why Chainlink nodes can KYC.

You really got nothing at all to say, do you?

[Anonymous No.19353509]

wait a minute.. you're telling me the independant contractor who builds security mechanisms for smartcontracts isn't a fan of the new industry standard that's going to put him out if business? how can this be??

[Anonymous No.19353713]

>>19344415
> wearing a mask

[Anonymous No.19353770]

>>19353713

[Anonymous No.19353782]

>>19351073
>obscure, illiquid ERC20 token
it's the only erc token with a call and transfer function numnuts

[Anonymous No.19353798]

>>19344415
How are people who are supposedly consultants hung up on technical points that NEETs found out in 2017-2018, how are we so far ahead of the market?

[Anonymous No.19353807]

>>19344415
1. All token distributions are highly skewed ... i'm not sure how this uniquely affects Chainlink
2. How does this make any sense: "if you're operating an oracle, your incentives are already aligned with the system's success." That's literally not true when you can get a large payout (e.g. with a derivatives contract) with a malicious input.

Neither of his points are accurate or coherent.

[Anonymous No.19353846]

>>19345191
Kleros: distributed subjective data
Chainlink: distributed objective data

They work synergistically.

[Anonymous No.19353869]

>>19353807
He also says users will want a "publicly known" oracle, demonstrating he doesn't know about Chainlink's KYC option.
He's absolutely clueless.

[Anonymous No.19354733]

>>19347708
If you want to think about an answer just look at how Hedera Hashgraph is doing. They had to bring in economists from Harvard to help them save their tanking shitcoin because the market made it clear that a centralized solution might be attractive to giant companies full of boomers, but regular consumers and investors have no interest in that kind of solution. At the end of the day, the solution will be whatever the public prefers to use, the corporations will just follow.

[Anonymous No.19354761]

>>19351073
I don’t think you understand how proper tokenomics help secure blockchain networks. Read this: https://www.reddit.com/r/Chainlink/comments/fze00v/why_does_the_chainlink_token_add_value/fni6nzs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

>inb4 reddit