[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 76 KB, 1383x1072, this_kills_the_chainlink.png [View same] [iqdb] [saucenao] [google]
8818523 No.8818523 [Reply] [Original]

Once blockIq is out of beta(hint way before chainlink) it will dominate the oracle market and btfo LINK.

-started working on it at least a year ago
-actually competent company behind it with huge resources
-crypto singed thus 100% unfakeable
-cheaper since you only pay one node not tens

But but what if they ddos the API? Since every API call costs money this will not happen.

But what about muh decentralization? Considering that financial data is just sourced from one source there is no decentralization anyways.

>> No.8818537

sounds ghey

>> No.8818541

This seems kind of pointless if theres no decentralization, its a completely different project in that case.

>> No.8818567

>>8818523

Nobody wants blackiq... go away fag

>> No.8818573
File: 113 KB, 734x414, 6E1B003B-B0FE-47DB-AA20-3D9C5644C9AE.png [View same] [iqdb] [saucenao] [google]
8818573

>>8818523
good luck!

>> No.8818585

>>8818541
decentralization is an overly complicated solution for the simple retrival of (centralized trusted) off chain data.

But you can not profit of it so most linkholders do not want it to be true.

>> No.8818595

>>8818523
And if the data is not available via Thompson Reuters?

>> No.8818617

>>8818523
You're a brainlet. It clearly says it's only for retrieval of data from one source, on one blockchain. This isn't anywhere near a competitor to chainlink. Centralized, one source, one blockchain, VS. Decentralized, any source, any blockchain

>> No.8818622
File: 138 KB, 792x844, 1523207836942.jpg [View same] [iqdb] [saucenao] [google]
8818622

>you only pay one node
Why do you think this is good?
the absolute state of nolinkers

>> No.8818634

>>8818595
other competing services come or reuters expands its data if it becomes the multi billion dollar market chainlinkers predict.

In the end blockiq can retrieve and sign any data which is retrievable via a public api, so no issue.

>> No.8818665

>>8818617
BlockOne IQ includes a >wide variety of market data sources< and financial data.

And it is just Ether cause ether dominates and it is still in beta.

>> No.8818673

linkies BTFO once again

>> No.8818710

>>8818634
No they can only sign their own data because it originates in house.

>> No.8818751

why are you doing this? why are you being this pathetic? why do you go about it in this roundabout manner for other bagholders to calm you down, to validate your decision of buying LINK? why not just ask? why are you so fucking spineless OP? this is the worst kind of shilling, i honestly hope you fucking kill yourself as soon as you read this. don't even bother reading the rest of my post. juts stop, right now. fucking kill yourself already. you are so fucking pathetic, it's mindboggling. i can't even imagine what sort of mental gymnastics is going through your head right now. fuck you, you dumbfuck

>> No.8818788

>>8818523
man oraclize is so fucked

>> No.8818799
File: 41 KB, 800x450, brainlettttt.jpg [View same] [iqdb] [saucenao] [google]
8818799

>>8818710
>No they can only sign their own data because it originates in house.
Lol what kind of logic is that. BlockIQ is just a notary who sends a transaction to the chain which contains the signed data, so the chain can see it. BlockIQ does not care what it signs.

In the beginning they just sign their own data but if they were to establish themselves what would stop them from signing other data, if said third party data source is not capable of signing it themselves.

>> No.8819004

>>8818799
So we have to trust the source of the data and Thomson Reuters to not screw up the notarization. 2 points of failure. ChainLink is 1 point of failure: the data source

>> No.8819100

>>8819004
how are the gazillion nodes voting on what is true also not a point of failure?

And in blockIQ case if they sign their own data (vast majority) it is one step. Datasource itself signing is the end goal and best solution with least amount of potentials failures and while being efficient and simple.

>> No.8819142

>>8819100
>>8818799

>>8818751
kill yourself. stop replying to this thread. let it be archived. just fucking kill yourself

>> No.8819287

>>8819100
Do you not know how consensus works?
How many times has the Bitcoin blockchain failed?