Why are oracles needed? Redpill me on Chainlink

[Anonymous No.49859372]

What are the limits of oracles? I don't doubt their use cases as far as measurable quantities go, but when it comes to smart contracts with vague definitions you ultimately need a human arbiter. Go to your local courthouse and consider the amount of cases that deal with civil court. Most of them involve some form of contract that's being disputed and ultimately they require a judge, a notary, etc. How does Chainlink solve this?

[Anonymous No.49859498]

Is no one going to entertain this question? What does CCIP bring exactly?

[Anonymous No.49859500]

Link verifies the contract rather than a person, hence it is trust less because the contract only settles when the given condition is met

[Anonymous No.49859899]

>>49859500
Does it work at this stage? What dApps use Chainlink and in what scope?

[Anonymous No.49859960]

>>49859899
Kek. Any dapp that matters uses Chainlink. Just visit the website to see them.

[Anonymous No.49860045]

>>49859372
RLC oracles still unironically make Link vaporware

[Anonymous No.49860243]

>>49859960
a jpg with chainlink’s logo X ((blockchain project)) doesn’t tell me how it’s implemented

[Anonymous No.49861193]

>>49860243

Then go read about it, you're 5 years late.

[Anonymous No.49861222]

>>49861193
he's late on the knowledge but now is a great opportunity to buy

[Anonymous No.49861238]

because you're posting without doing any reason you won't do this but
go print this out and read it through a few times
https://smartcontentpublication.medium.com/completing-the-god-protocols-a-comprehensive-overview-of-chainlink-in-2021-746220a0e45

[Anonymous No.49861268]

but to help you... without oracles blockchains don't know the price of usd, the weather
anything external
without them you're just moving tokens around

[Anonymous No.49861440]

>>49859372
You wouldn't believe how much jizz has been shot into the pants of people who understand enough computer science, finance and law to know where this is going. They are much further along than you might think.
>We show that the fundamental legal structure of a well-written financial contract follows a state-transition
logic that can be formalized mathematically as a finite-state machine (specifically, a deterministic finite
automaton or DFA). The automaton defines the states that a financial relationship can be in, such as
“default,” “delinquency,” “performing,” etc., and it defines an “alphabet” of events that can trigger state
transitions, such as “payment arrives,” “due date passes,” etc.
https://www.financialresearch.gov/working-papers/files/OFRwp-2015-04_Contract-as-Automaton-The-Computational-Representation-of-Financial-Agreements.pdf

[Anonymous No.49861466]

>>49859372
Here champ, no need to thank me.

[Anonymous No.49861974]

>>49859372
I think I’m not the only one on here that realizes that the Chainlink discussion on here isn’t organic at all.

A complex mix of paid shills and bots post memes and start conversation. Real anons browsing /biz/ think these convos are real and start making convos themselves. Then when things die down, the bots and paid shills start again to capture new bagholders.