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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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Anonymous Mon Sep 7 09:42:07 2020 No.22294386 [Reply] [Original]

So...... about that Chainlink attack that they allegedly survived. The javascript has been hacked and now all LINK nodes are being affected, meaning they will go offline one by one.
But here's the real trick; every node that goes offline first has to be validated by other nodes, Thus the first node won't go offline until EVERY SINGLE NODE has verified it actually has gone offline
LINK will be in an infinite javascript loop. Maybe if you're a programmer you will recognize FOR and WHILE loops. Well.. This is a FOR loop that NEVER ends.
The price will TANK to at least 100 satoshi. Maybe even lower when the nodes are actually verified being offline.
Sergey is now busy setting up extra nodes to undo this process. Called contra-hacking. He has injected some GO-language code, pseudo-offline code, into the ChainLink network. This means nodes will appear the be online, while they are struggling to go offline, but in the meantime they cant because it isnt verified yet. Neat trick if you ask me, but it wont last long before the other nodes will know whats really going on.

>>	Anonymous Mon Sep 7 09:53:38 2020 No.22294625 Pretty sure LINK isn't implemented in node.js FUDdy

>>	Anonymous Mon Sep 7 10:00:10 2020 No.22294746 >Still trying to force a failed narrative Not sure who is more pathetic, you spammers or the meme forcing /trash/bags

>>	Anonymous Mon Sep 7 10:00:41 2020 No.22294759 >>22294386 Bullish og pasta

>>	Anonymous Mon Sep 7 10:02:39 2020 No.22294801 >>22294386 You had 3 years, fuck off.

>>	Anonymous Mon Sep 7 10:03:51 2020 No.22294826 >>22294386 >The javascript has been hacked sir no, not the javascript, that is mainframe critical. this is horrible news.

>>	Anonymous Mon Sep 7 10:07:15 2020 No.22294886 Oh my god, hackers have figured out for and while loops? Doesn’t that put our entire computational infrastructure at risk? Not just Chainlink...

>>	Anonymous Mon Sep 7 10:08:30 2020 No.22294909 It has kept me up many nights afraid that hackers will learn to break switch statements

>>

Anonymous Mon Sep 7 10:12:01 2020 No.22294974

I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.
Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.
'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.
The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

>>	Anonymous Mon Sep 7 10:14:39 2020 No.22295036 >>22294386 So this is the meme hog

>>	Anonymous Mon Sep 7 10:21:47 2020 No.22295184 >>22294386 Fuck off boof

>>	Anonymous Mon Sep 7 10:30:01 2020 No.22295343 >>22294974 >I'm employed with a cyber-techno machinations company, LOL

>>	Anonymous Mon Sep 7 10:33:09 2020 No.22295398 >>22294386 If you are so sure about it, just start another 10mil $ short position

>>	Anonymous Mon Sep 7 10:35:39 2020 No.22295454 >>22294974 >a cyber-techno machinations company peak, and I mean peeaaaaaak, retardation

>>	Anonymous Mon Sep 7 10:41:45 2020 No.22295581 ITT: Two OG copypastas baiting all the newfags

>>	Anonymous Mon Sep 7 10:43:04 2020 No.22295611 >>22294386 Nice, haven't seen this pasta in a while

>>	Anonymous Mon Sep 7 10:43:58 2020 No.22295640 >>22294386 OH SHIT!!!! i just sold my entire stack. thanks anon

>>	Anonymous Mon Sep 7 10:45:57 2020 No.22295677 File: 3.82 MB, 196x388, 1576687819346.gif [View same] [iqdb] [saucenao] [google] >>22294386 >The javascript has been hacked

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Anonymous Mon Sep 7 10:49:19 2020 No.22295732
File: 72 KB, 278x358, Happy little chainlinking.jpg [View same] [iqdb] [saucenao] [google]

>>22294386
Does wolpert know about this? I heard he's retreated up into the mountains to hide from the fallout this will have on the crypto community. Some say he's happier up there just painting and living the simple life.

>>	Anonymous Mon Sep 7 11:08:45 2020 No.22296143 WANKLIIIINNKKS