/biz/ - Business & Finance

[Anonymous No.23796527]

What does it mean that Arbitrum isn't using Chainlink exclusively as a validator?

[Anonymous No.23797347]

>>23796527
Arbitrum uses Chainlink oracle networks as its underlying validation network, what else?

[Anonymous No.23797372]

here is the pink cryptologic pill: in the Bitcoin blockchain there is living a haircomb. Satoshi is unironically Natasha Otomoski. Bitcoin as an electronic cash only was the initial step, the haircombers started claiming haircombs, making merkle wider trees, more efficient and cheaper liquidity stacks. The haircomb these things needs to survive. The haircomb will be in fact able to comb even literally bald people, when entrenched fully..
She stumbled in to creating this haircomb when she was combing her hair inside her bedroom in year 2019 and began working with her super combined fuzzer, running the simulations of the statement OP_RETURN on the pay to script hash witness bitcoin script. Natasha would 'evolve' that haircomb by computing additional teeth, making previous teeth shorter and much more efficiently computable. More and much more teeth of the haircomb are needed in order to have much more shorter teeth.
They created quantum computer to take over and disrupt Bitcoin (their competing blockchain is under developement). The needful was done in order to stop or slow down the Natasha's haircomb. Unlimiting the size of block and removing the critical Segwit and P2WSH codes that that haircomb uses in its golang language was only the beginning. Shor's .algorithm ended up being t.he final nail - in the haircomb coffin, that destroyed on the bitcoin chain ECDSA (Bitcoin uses the ECDSA to secure the transactions). THAT is exactly why Haircomb is invented in the first place, and that is pretty much why Natasha is deeply intent to claim bounded haircombs, release that fundamental source code, and set in stone haircomb-protocol
Back to the comb supply - she has in fact developed the breakthrough new claimer (made for the haircomb actually), and is now claiming COMB secretly with the intention of driving the claim fee up sky-high, give away the comb in order to kickstart the real world adoption and finally to ensure all haircombers in the end make it

[Anonymous No.23797433]

>>23797347
Ed said they were in talks with other potential validators in his latest talk.

[Anonymous No.23797470]

>>23797433
Now that is honestly stupid as fuck lol
What are they gonna do?
Have band and tellor run Arbitrum nodes?

Lmfao please bro

[Anonymous No.23797514]

>>23797470
Ed Betray? Sergay dismay :(

[Anonymous No.23797539]

>>23797470
No idea, I was hoping a more well informed anon would chime in here.

[Anonymous No.23797577]

>>23796527
>>23797433
>>23797470

Also, thoughts on Arbiswap? Anyone use it yet?

[Anonymous No.23797601]

>>23797577
thread here:
>>23797466

[Anonymous No.23798104]

>>23797433
Arbitrum can be run in any network, it's quite composable in that sense. Although using Chainlink is probably one of the most secure approaches, due to the highly experienced nature of the vetted node operators

[Anonymous No.23798134]

I’m scared bros. I just wanna hit a milly to feel a bit secure. 50k link.

[Anonymous No.23798157]

>>23797347
fpbp

[Anonymous No.23798168]

I don’t understand any of those words but I just bought 10 more link

[Anonymous No.23798461]

>>23797470
Not oracle shitcoins, anon.
Someone asked at trufflecon "Will there be a marketplace of validators, or will each contract have to create their own?"
Ed's answer was: "Both.We have a partnership with Chainlink who will be providing nodes as validators. We're also in talks with other blockchain infrastructure providers to contribute validators to the marketplace".

It's not even fucking fud. The barrier to entry to being a validator is exremely low and arbitrum wants a marketplace of many providers. Chainlink will have market dominance at launch, but in the long run many legitimate services will provide validators for the Arbitrum layer. It would have made less sense if he'd said "We have an exclusive deal with Chainlink and nobody else is allowed to provide validators to the network".

[Anonymous No.23798550]

>>23798461
Dumb question but is the link token used even if the node is a different validator?

[Anonymous No.23798651]

>>23797433
Ed Felcher?

[Anonymous No.23798700]

>>23798550
Er, no. I'm not even certain the LINK token will be used with Chainlink nodes themselves. It's a separate role.

[Anonymous No.23798719]

>>23798700
Damn, really? Will arbitrum help the price of link?

[Anonymous No.23798754]

>>23798719
Big picture yes. If Chainlink nodes are running an L2 that makes ETH 1000x faster and 4000x cheaper it's certainly not bad for Chainlink's credibility or central position in the whole game, regardless of whether they're being paid in LINK or not.

[Anonymous No.23798779]

>>23798754
Hmm ok. Launching of Arbitrum is not as bullish near-term as I thought.

[Anonymous No.23798972]

>>23798651
Yup

[Anonymous No.23799020]

>>23798779
it's still bullish as fuck, anon. It shows that Chainlink are the first movers in the market for "vetted nodes as a service". The more of these pies Chainlink have their fingers in, the more of a behemoth it will be down the line.

[Anonymous No.23799370]

>>23798754
Uh, so what’s the incentive if not link tokens for validators, you brainlet?

[Anonymous No.23799618]

>>23798779
The reason our bullrun in August ended abruptly was because ETH gas prices were unsustainable. If Arbitrum were on mainnet back then it wouldn't have ended for a long while.

[Anonymous No.23799700]

>>23799370
There's been no indication that a Chainlink node running as a validator will be getting paid in LINK tokens. Arbitrum validation is not strictly work within the Chainlink network. It's possible, but it hasn't been confirmed.

[Anonymous No.23799829]

>>23796527
you are not worthy of Link

[Anonymous No.23799866]

linkers remind me of trump supporters, you’re about to lose really badly lol

[Anonymous No.23799900]

>>23797539
Nest?

[Anonymous No.23800086]

>>23799866
checked and this, link is not as valuable as you think sirgay keeps dumping on you fucks and you still blindly follow him. Look for alternatives, diversify.

[Anonymous No.23800337]

>>23799866
More like win BIGLY. You commies will reee like 2016

[Anonymous No.23800402]

>>23796527
Been busy waging but did that anon ever transcribe his interview with JP Morgan? Did I miss it and is it archived?

Thanks bros, rainy day here in cali I just wanna be comfy and not wage anymore.

[Anonymous No.23800562]

>>23800337

[Anonymous No.23800600]

>>23797577
Ya i played around on it a couple days ago. Shit is blazing fast

[Anonymous No.23800686]

>>23799866
>he doesn’t know
https://m.youtube.com/watch?v=lV8i-pSVMaQ

[Anonymous No.23800693]

i sold

gonna buy back at 11.00

[Anonymous No.23800794]

if you're a poor fag like i am the only way to make it is swing trade. get good at swing trading
you won't make shit if you have under 1000 link

[Anonymous No.23800846]

>>23796527
My thought is Ed is trying to bump the price for when Sergey inevitably buys Arbitrum.

[Anonymous No.23800910]

>>23800693
>poorfag sold
we arent going back to 11 confirmed kek

[Anonymous No.23801117]

I'm not even a link holder (feel like I kinda missed the boat and hate fomo'ing), but if you guys don't welcome competition you're either short sighted or you don't fully believe in chainlinks vision. Businesses NEED competition, or they're doomed to fail. Coke needs Pepsi, Microsoft needs Apple, McDonald's needs Burger King, Amazon needs Walmart, etc. Why do you think bill gates bailed apple out of bankruptcy in the 90s, and Sergey has his oracle code listed online for anyone to see and use? It's because they realize that competition is necessary for a business to thrive.

Idk if chainlink will actually survive longterm, but it has absolutely 0% chance of that if no good competition emerges (this means their product isn't actually needed).

[Anonymous No.23801273]

>>23800910

you don't how many times i have heard people say this and it turns out not to be true every time

[Anonymous No.23801297]

>link is not going below 14.00
>fastforward a month later
>it's 7.00

[Anonymous No.23801343]

when bitcoin dumps
link is gonna down to 8.00 i predict

[Anonymous No.23801743]

>>23799020
Thanks

[Anonymous No.23802521]

>>23796527
>What does it mean that Arbitrum isn't using Chainlink exclusively as a validator?
It means that Arbitrum is using Chainlink _for other purposes_ in addition to as a validator

[Anonymous No.23803528]

>>23799700
you need stake for this model to work.
arbitrum has no token