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/biz/ - Business & Finance


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18920171 No.18920171 [Reply] [Original]

ITS LITERALLY DUMPING BACK TO 5K SATS

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>> No.18920180

no one cares

>> No.18920205

>>18920171
No one gives a fuck about the LINK/BTC price idiot.

>> No.18920214

>>18920180
>>18920205
cope cope cope

>> No.18920218

>>18920171

People ares selling alt-coins to buy bitcoin. It's like a receding tide before a massive pump.

>> No.18920224

Anyone in crypto within the next 6 months are morons

>> No.18920257

>>18920224
This.

>> No.18920268

>>18920214
lulz

>> No.18920274

>>18920171
guys can we all agree to just stop responding to this garbage? it's poorly written by exceedingly weak and angry men with deep DEEP insecurities. It is meant to draw out those of us that know a lot about Link.

Fud like this is analyzed/used for research into the demographics, IP addresses, grammar structures of biz posters, to try and identify link holders. If you hold link, you know that this post is complete garbage. Do not respond to this, don't engage these astoundingly angry and insecure people that want to make you "rage" due to their ignorance or forced stupidity.

Biz has been proven its ability to make memes a reality, let's use that to further the discussion link. This OP? This isn't a discussion, this is just bile meant to make you second think your decision to buy into a once in a lifetime technology and fight with an anonymous child who either doesn't understand LINK or is being paid to do this.

There is no one on this board with legitimate FUD for Chainlink.

Now, enjoy your pasta.

-LinkBro

>> No.18920280
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18920280

>>18920274
seething

>> No.18920307

>>18920280
not seething by any means. I want to help those who feel those seething vibes. You're full of anger and are projecting that onto a community of people who support a society changing technology. If anyone is actually seething, it's you my friend.

-LinkBro

>> No.18920331
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18920331

>>18920307
seething

>> No.18920401

>>18920331
>>18920331
Nope. Not seething. You see people like you do this wonderfully simple thing where you think that repeating the same tactic will work. That will work with people as simple as yourself, but it doesn't work with anyone with even a modicum of critical thought. You don't have an argument so you appeal to emotions. And as that continues to not resonate, you'll either repeat your argument due to a severe lack of creativity, or simply because you're not that bright.

Chainlink is great. We all know it's great. We're all going to make it. You can join many of us who now actively and positively promote it outside of the boundaries of this ridiculous basket weaving pokemon hut, or not... I won't care if you hate Link. You will care that I'm not emotionally questioning my decision to make the greatest return on investment in my life. Try to grow as a person, you'll be happier.

-LinkBro

>> No.18920408
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18920408

>>18920401
seething

>> No.18920425

>>18920274
>>18920307
>>18920401
Peak delusion with zero argument. Classic link cultist. Go fuck yourself scammer.

>> No.18920432

>>18920331
This is the worst FUD point. It's called a tax haven and it's well known that many "legitimate" corporations use them.

>> No.18920438

>>18920408
I had a feeling that you would be sitting on this thread refreshing quickly with the same quip and some other ridiculous jpeg. It's why I am responding so quickly to you. Look at how fast you responded. Why, if you were here to have an actual discussion would you be sitting there ready with such a low tier response? It's a bummer. I'm here to chat about LINK if you want but it seems like you're only goal is to try and get people pissed off and angry? You can try /pol if you want to see results. best of luck,

-LinkBro

>> No.18920444
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18920444

>>18920432
seething

>> No.18920445
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18920445

as soon as I said I wanted to buy more linkies at a lower price it starts going down.. I think the gods have blessed me. i really need to thank them.

>> No.18920455

>>18920425
unfortunately there was zero argument given so I didn't know what I should respond to. Spewing out unfocused anger isn't an argument. You would know that if you had any role at any company in any country. Anger gets you nowhere.

>> No.18920460
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18920460

>>18920438
seething

>> No.18920479
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18920479

I hope it does I want to buy back the stinkies I sold to buy guns and food.

>> No.18920518

>>18920444
>>18920460
Nice digits by the way... For anyone reading this thread, and believing any of the absolute nonsense this dude is posting. I want you to think about how many cryptocurrencies could offload their own holdings like this as they expand their workforce in this economy. Link is fine. Don't sell your Link and don't let fools like this guy make you question your decision to hold.

-LinkBro

>> No.18920535

>>18920518
Yea, plus they'll only still be dumping on us causing link to crab for roughly 5 more years

>> No.18920544

>>18920455
Ok let's have a real conversation. Give me your arguments against the following "fud" and I might buy link:

>1 billion erc20 tokens
>65% controlled by team
>Addresses are for lease offices in Cayman Islands and SF
>Sergey's history running SAE on NXT and shilling NXT before it exit scammed
>Nick Szabo laughing at chainlink being the "god protocol" in his only tweet about them
>The most obvious pump and dump in history with the Google cloud blog post "news" followed by 700k dumps weeks later
>Endless vaporware partnerships led by Celsius with a 24 year old whore "managing" its funds
>Current 500k dumps as the price bleeds compared to BTC rising

This is off the top of my head btw. Educate me "linkbro"

>> No.18920582

>>18920544
So most of these FUD "points" have been argued absolutely endlessly for the last two years and you obviously know that or you wouldn't be trying to bait me into arguing. If you TRULY cared about learning the answers to any of these ridiculous arguments you'd go back through the archives. I know that, you know that, anyone here with a large amount of LINK would know that.

-LinkBro

>> No.18920584
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18920584

>>18920444
Checked. I know you have a fat stack, anon. And I love you like a brother. We're all in this together and I know you know it. :)

>> No.18920601

>>18920584
Wow I didn't even catch that. So is this /thread then?

>> No.18920609

>>18920582
You know nothing. You are a scammer. Thanks for proving my point. Imagine being this desperate to make little money. Enjoy the dumps pajeet.

>> No.18920630

>>18920609
I'm definitely not a scammer. Even if I were, how on earth could you prove that I am a scammer on this wonderful tentacle board consortium? What could you even point to in my messages that would make me seem like a scammer? You're again using simple prose to try and cause some sort of knee jerk anger reaction that just isn't going to happen my dude. It's ok, you hold link and like it. We all do. We. All. Do.

-LinkBro

>> No.18920651

>>18920307
Thanks Link bro. I've seen enough on Biz to know what's real and not. I usually filter these waste of time threads and like the real lulz or information threads.

T. newfag

>> No.18920657

>>18920630
You are using low tier psy OP tactics instead of discussing the project itself. I sold link in February and never looked back. The oldfags all dumped their bags as well and you cultists use them as your crutch in any argument in 2020. You are either delusional or a scammer. I feel sorry for you.

>> No.18920658

Imagine having such a small voice and so much free time you feel compelled to fud an obscure erc token on a Mexican Taco Forum

>> No.18920664

>>18920609
Also I should address the "you know nothing" part of your comment. That's not true by any means. I've followed link for years at this point. There's nothing even the most motivated FUD child could say that would make me question my decision to buy it. It's an outstanding product with a very bright future.

>> No.18920673

>>18920218
This

>> No.18920685
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18920685

>>18920171

>> No.18920696
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18920696

>>18920664
What do you know moron? Stop speaking in tongues. You linktards are all low IQ schizos who pretend you are way smarter than you actually are.

Seek help.

>> No.18920715

>>18920657
For the record: TO ANYONE NEW TO LINK THAT IS READING THIS, NOTHING THIS PERSON IS SAYING IS TRUE.

I've really enjoyed watching Link grow. I remember the days when it was somewhere between 100 and 150 on coinmarket cap. The arguments here were the exact same as yours. All of the arguments about price and potential were talking about a product that was then valued below 30 cents. So seriously, stop trying to do this unless you're being paid to. I know it seems "fun" to FUD, and there are some hilarious FUD artists out there, but you don't get it. And even worse than that, I hope you aren't philosophically against LINK. The tribalism in crypto is truly stupid. I blame most of that on the fact that so many socially maladjusted men flocked to this space. It's weird and sad, just like Silicon Valley... only online... and unfortunately with weirder porn.

-LinkBro

>> No.18920754

>>18920651
Thanks fellow linkbro, I too enjoy the memes and some of the farcical fud, but the community really needs to put an end to these stupid threads. We're all holding Link. We're all excited about it. Anyone who says otherwise is extremely angry most likely because they were too stupid and didn't buy it early. I've been on 4chan for far too long and LINK is honestly one of the few positives to come out of this place. Ever.

>> No.18920762

>>18920754
>>18920651
-LinkBro

>> No.18920797
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18920797

>>18920544
As a Smart Contract Dev, I don't see a practical use for LNK.

Take me and the company I work at. It's a rather centralized product as far as blockchain goes (need it's own website, IP assigned, possibility to upgrade the smart contracts without migrating them, etc...)
We need a GBP/Eth oracle in our product for KYC reasons. It's cheaper to do oracles by yourself, and will cost less gas for user. If we get the price wrong, only us suffer from it (we make less money by refusing a potential client or could get in trouble with AML laws). There is no need at all for a decentralized oracle if the one suffering for getting it wrong is the one publishing the oracle.

If you are aiming for a true decentralized oracle, then the cost for the person setting up the oracle getting it wrong need to be higher than the potential gains of setting it up wrong.

With current LNK implementation
>Potential loss are finite, and made even lower by the ability to "borrow" voting tokens
>Potential upsides are infinite if you are using the orcale to place leveraged bets on the outcome of an oracle (could be ofc a currency pair price, but also football game result, etc...)

Basically you can't trust it for shit.
Want a reliable ETH/USD oracle ?
The person publishing the price need to be contractually obligated to buy/sell at this price in amounts higher than what the people using this oracle are commited to. This way if the oracle lied, the "victims" of the lie can cash out at the oracle price.
This is currently impossible on-chain.

>> No.18920802

>>18920696
How on earth am I supposed to respond to a question like "What do you know moron?"

I'll answer your question with a question... What is a question you have that has never been answered in the MULTIPLE YEARS OF ARCHIVES that exist on the subject of Chainlink? I'd love for you to ask a unique question that has never been asked about Chainlink in the history of of the beautiful disaster we call Biz.

-LinkBro

>> No.18920807

>>18920425
Pajeet
Pajeet
He shits on your
Street.

>> No.18920811

>>18920754
>we
You have to go back, I don’t hold link and never will.

>> No.18920816

>>18920802
seek help

>> No.18920871

>>18920816
you said that before as way to sort of feel superior or better than someone on an anonymous message board? that's kind of weird no? I'm not sure what you think I need help with because in all of your attempts to sort of bait anyone on this site right now into arguing about chainlink, you just keep getting angrier and more deranged. You haven't defended any of your claims that (both you and i know) are totally false, because you know they're all based on emotion and opinion... Not facts. The fact remains that Chainlink is the best performing crypto since the great crash of 2018. There is no argument. Growth that sustained is not due to "pumps and dumps" or "scams," it's due to a dedicated team that understands how to integrate what they are doing with existing economies and platforms.

-LinkBro

>> No.18920877

>>18920797
Let me allow to drop an another redpill on stablecoins (Litke Tether)

The amount of backing a coin has doesn't matter. 0. Zilch.
What matter is the ability to redeem this coin, in unlimited amount and at short notice, with it's issuer.
Basically, it doesn't matter if Tether Limited is backing each tether by 1USD, 0.9, 0.5 or even 0.000001 USD for every tether.

What matter is the ability for you to exchange, at will and with no limits, Tether to USD by going to Tether Limited counter.
And guess fucking what ?
You can't. Tether is effectively a shitecoin scam.
Other stablecoins are also not "stable coins" either. They are financial products with pricing mechanism directing them toward a spot price. But if you can't redeem it for it's face value (like what Paper money or a dollar in your bank account is), it is NOT pegged to the underlying asset.

Why do ETF works ? Because an ETF share is a >SHARE< in the company and it's underlying asset. You actually own part of the ETF. If it's liquidated your are legally entitled to it's owned content. Do you own part of Tether Limited with an USDT ? No ? Then it's a worthless scam.

>> No.18920891

>>18920871
seek help

>> No.18920897

I bought 100K link for 20K USD

>> No.18920901

>>18920797
>>18920877
Checked. Thanks for the redpills anon. Glad to see this board isn't completely infested with pajeets and cultists yet.

>> No.18920907

>>18920891
Another instant post. You must've F5'd a lot. One day you'll find a way to take this negative energy and focus it onto something positive for yourself. Imagine concentrating the ire you have (or are paid to have) onto something beneficial not only for yourself but for society in general. You have to remember that you are what you do not what you think you can do.

-LinkBro

>> No.18920909
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18920909

>>18920274
>>18920307
>>18920401
>>18920438
>>18920455
>>18920518
>>18920582
>>18920601
>>18920630
>>18920664
>>18920715
>>18920754
>>18920762
>>18920802
wew lad I haven’t laughed this hard in a while

>> No.18920917

>>18920907
seek help

>> No.18920921

>>18920425
>scammer
You sound genuinely angry. What's the scam? Chainlink is already used by other Defi projects like Aave. There's a nice little ecosystem growing up around it. Once paid API data is needed, the tokens will start seeing demand, both by users & stakers. Where's the scam exactly?

>> No.18920930

>>18920205
Found the brainlet.

>> No.18920949

>>18920909
Anyone who has been here for more than a few months knows that replying to one person's posts over and over in a thread is obviously an effort to try and get under their skin. You can call me names, say I'm crazy, tell me to "Seek help" it's not going to work. You're not explaining anything regarding your position. So go ahead, keep fighting the wind.

-LinkBro

>> No.18920965

link is scams built on top of scams built on top of scams

>> No.18920973
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18920973

>>18920930
I dont even know what chainlink does ;)

>> No.18920975
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18920975

>>18920949
Absolutely keep at it Linkbro

>> No.18920986

>>18920917
I can't even fathom what kind of person believes this to be "a sick burn." You'll probably write the same thing again but (and this is what you should have done) when people go back and look at the archives, you'll just end up looking like a very small man. Thank god this place is anonymous. Imagine having shitposts on biz tied to your legacy.

-LinkBro

>> No.18920987

>>18920949
seek help

>> No.18921005

>>18920986
sorry wrong incoherent projecting post. seek help.

>> No.18921007

>>18920987
Wow that time you responded in five seconds. I mean, isn't it kind of obvious that you're the one "seething?"

-LinkBro

>> No.18921015
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18921015

>>18920973
based brainlet

>> No.18921028

>>18921007
you good bro? this clearly reeks of shady activity, you sound like a paid shill

>> No.18921045

>>18920797
Cool, so what's your project? If I can manipulate your feed & you're doing anything exploitable with it (like trade or run run a DEX) I can manipulate your orders. See MakerDAO. Oh wait, so you need a more stable & decentralised solution?

>>18920877
And this is just pottery. The point of a stablecoin is that it's matched 1 for 1 with an asset acting as collateral. They aren't printed out of nothing, I can get my 1 dollar of Eth back out of a CDP & cash it out for USD any time. When a Central Bank turns on the money printer, what backs it? Just assets, economic activity & debt, not some magical dollar of "value" or something. Its even flimsier than Tether, so get outta here with that shite.

>> No.18921053

>>18921005
I'm not sure I understand how this is "projecting" because you literally did what I said you would do. I guess this means one of two things.

1.) I can predict the future. In which case I'll just say Link will be 100 dollars by July 26th. For no other reason than I chose a random date and price point.

OR

2.) You are the exact person I've pegged you to be and you're doing this out of malice. I don't think you realize that I have no interest real in arguing with you, but I will do my best to make sure that you don't poison more people in this already hyper toxic community.

New bizbros deserve to at least experience some of the good parts this place once had.

-LinkBro

>> No.18921054

>>18921028
I think he forgot to take his meds. Just another day for the brave link marine.

>> No.18921070

>>18921054
no this cheap, you can tag me in this reply as you try to save whatever you think you've "started" in this thread. go ahead i'm still here watching. have a go. make your point buddy.

>> No.18921074

>>18920444
Based seething poster.

>> No.18921078

>>18921070
my point is that you need to seek help

>> No.18921081

>>18920715
>DON'T LOOK AT THE MAN BEHIND THE CURTAIN

>> No.18921084

>>18921070
shit i forgot the

-LinkBro

>> No.18921125

>>18921078
Ok I'll accept that you believe i need "help" but what do you mean by "help" and why do you think I need it? I haven't said anything completely out of the norm. In fact I'm pretty much telling you that all of your questions have already been legitimately answered. But you don't actually care about the answers to your questions do you? If you did care, you'd easily find the answers. Weird. I mean I care, I research link A LOT and have for years. It's a great platform still in its infancy. I guess I'll never understand why people who "own zero link" let a an ERC20 token occupy so much real estate in their limited brain.

-LinkBro

>> No.18921157

>>18920975
Thank you for the support.

-LinkBro

>> No.18921174

>>18921125
seek help

>> No.18921219

>>18921174
Right... Hrm.... I'm asking you why you think that. You haven't answered any question I've had for you. You mostly just post the same very simple directive of "seek help." Oh wait, maybe you're ESL and there's nothing left in your handbook? That could explain it. If so, just type the number 5 in your next post.

Based as usual,
-LinkBro

>> No.18921242

>>18921219
seek help

>> No.18921304

>>18921242
Ah what a bummer of a response. One thing I'll never understand about this site is how people like you troll the waters for engagement and instantly become far too cowardly when someone actually engages you. Why do it in the first place?

-LinkBro

PS For all of you reading this in an archive at some point in the future, let it be known that this troll was not good at his job.

>> No.18921323

>>18920180
you cared enough to reply faggot! eat a dick linkoid bitch!

>> No.18921354

>>18921304
seek help

>> No.18921365

>>18921045
>The point of a stablecoin is that it's matched 1 for 1 with an asset acting as collateral
Nice kool-aid. The point of a stable coin is that it's pegged to the asset it says it represent. If you lose interchangeability, you are not pegged anymore. USDT will last as long as people buy it for a BTC face value of 1USD. The second people stop believing it's worth 1USD, it will collapse, as all the amount of collateral in the world won't make Tether Limited let you redeem USDT for USD.
Think about it once again. Why does it matter that USDT is backed by anything if the backing is never, ever accessible by the people owning USDT ?

>I can manipulate your feed & you're doing anything exploitable with it (like trade or run run a DEX) I can manipulate your orders.
Exactly. Oracles need to be market makers in order to say the truth. Them being led to lie (by you manipulating the feed) should have dire consequences for them. You are not as dumb as you think you are, you are just missing the last step in the reasoning.

>See MakerDAO. Oh wait, so you need a more stable & decentralised solution?
No. We need an inchain pricefeed because revenue of over 20k GBP are subjects to Anti-Money-Laundering laws. Hence, non-kyced address can't generate more than 20k GBP of revenue for us.

>If we get the price too low
=> We could get 22k of revenue of revenue from North Korea. The govt won't like that.

>If we get the price too high
=> We are missing on a potential, legal, 18k of revenue from North Korea. We don't like that.

>> No.18921427

>>18921354
Thank you again. And to let you know, I have.
I've sought help at dark points in my life, and it's been great. Have you found any help in your life? If so, how do articulate and further that help to others in your day to day life?

A concerned citizen,
-LinkBro

>> No.18921438

>>18921427
woof typos, but I think you're smart enough to understand the gist of it...

>> No.18921455

>>18921427
>I've sought help at dark points in my life, and it's been great. Have you found any help in your life? If so, how do articulate and further that help to others in your day to day life?
Linkies would have simply end up being Scientologist 30 years ago confirmed.

>> No.18921478

>>18921455
Wait do we know for sure that Sergey has not written SciFi novels about the future?

-LinkBro

>> No.18921640
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18921640

>>18920180
>no one cares

>> No.18921656
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18921656

>>18920307
>not seething by any means. I want to help those who feel those seething vibes. You're full of anger and are projecting that onto a community of people who support a society changing technology. If anyone is actually seething, it's you my friend.
>
>-LinkBro

>> No.18921685

>>18920715
well what do you know
dumbfuck linkies actually know they are part of a psy op experiment and now are trying to reel in more newfags

lmao

>> No.18921787

>>18921685
Do you realize how most people on the planet might think what your'e saying is completely batshit insane? "Linkies"? "Psy Op"? "Newfags?"

You're asking me what I know but no actual question, you're obviously not of sound mind. Here's a question for you. If you sat in your chair at your computer, not looking at the screen for more than 3 minutes, what are you actually angry about? All of this weird anti-link stuff has to manifest somewhere. You need to know that I dont think you're a bad person, or even a bad person for lashing out... What is it that you're most angry about in your life? This is coming from there, because an ERC 20 token can't possibly make any reasonable human this incensed.

Love you,
-LinkBro

>> No.18921809
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18921809

>>18920205
>>18920274
LINKcucks literally hate themselves right now ahahahaha. Their cuddlebox will ensure they hold their bags to $0.

>> No.18921842

>>18921809
Why on earth would I hate myself right now? I'm still benefitting wonderfully from the greatest investment of my life. The nuance of Link FUD is lost on only the dumbest of biz posters...

-LinkBro

>> No.18921884

>>18920811
>I'm actually proud of being stupid

>> No.18921905

>>18920171
>1 post by this ID
>Near 100 replies
Holy fuck, LINK faggots got triggered beyond reason. Get fucking rekt

>> No.18921945

>>18921905
Oh shit man yeah I'm so triggered here sitting at my 30x top fucking kek. Nolinkers are truly delusional.

>> No.18921991

>>18921905
To be fair most of them are me because these posts are really stupid and need to stop.

>> No.18922005

>>18921991
shit forgot my tag again

t. LinkBro

>> No.18922057
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18922057

>>18920274
>>18920307
>>18920401
>>18920438
>>18920455
>>18920518
>>18920582
>>18920601
>>18920630
>>18920664
>>18920715
>>18920754
>>18920762
>>18920802
>>18920871
>>18920907
>>18920949
>>18920986
>>18921007
>>18921053
>>18921070
>>18921084
>>18921125
>>18921157
>>18921219
>>18921304
>>18921427
>>18921438
>>18921478
>>18921787
>>18921842
>>18921991
>>18922005
Seek help

>> No.18922069

>>18922057
What a let down of a response.

t. The LinkBro under your skin

>> No.18922163

Well it looks like everyone has gone to bed or off to their wage cage so I'm going to call it. Have a nice Thursday everyone and I wish you all the best with LINK or whatever crypto investment you're excited about. Never let the fudders of biz get you down if you've done your own research. Be well.

-LinkBro

>> No.18922179

>>18922163
See you around Linkbro. You really triggered that tranny.

>> No.18922204

>>18922179
Thanks man, I'm just amazed that none of these fudders asked what I ACTUALLY know about link.

>> No.18922220

>>18920274
>>18920307
>>18920401
>>18920438
>>18920455
>>18920518
>>18920582
>>18920601
>>18920630
This has to be a false flag. Even for a Chainshitter this is a little too gay.

>> No.18922223
File: 395 KB, 1862x654, sergayfishfish.png [View same] [iqdb] [saucenao] [google]
18922223

>>18920171

Thank you, sir poopie-gey for dumping your stinkies. I will be buying in lower.

>> No.18922254

>>18922220
Hi Astro. How's your vidya game store job going through this pandemic?

-LinkBro

>> No.18922309

>>18920930
BTC itself is priced in USD lmao.

>> No.18922338

>>18922309
Imagine giving this guy a Forex book to manage...

>> No.18922352

>>18920171
Things ebb and flow. I'm buying more Nervos and waiting patiently.

>> No.18922375

>>18922338
Oh you can trade back and forth, but there's always going to be something else that gains more USD value.

>> No.18922395

>>18922375
I M A G I N E
giving this guy control of a forex book.
whew lads.

>> No.18922438

>>18922309
USDT anon.

>> No.18922448

>>18922438
Same thing.

>> No.18922462

>>18922448
t.brainlet

see
>>18920877

>> No.18922466

>>18921365
>Why does it matter that USDT is backed by anything?
Fixated on USDT aren't you? I was more thinking about MakerDAO & similar projects. But USDT is as backed as it needs to be.

>Them being led to lie should have dire consequences
So rather than try to mitigate your risk, you shrug your shoulders & accept it? K. And Chainlink provides those consequences - node operators that get it wrong get penalised. That's the whole point - incentives to provide a good feed, penalties in doing a sloppy job.

>>18921365
>In-Chain price feed
You've lost me. So you need an on-chain feed, but for some reason you won't use Chainlinks one because of money laundering, so you're rolling your own, because that's different somehow? Have I got that right?

>We get the price too low/high etc
So again, you're happy to accept the risk of some Python script (or whatever) you're running on some ec2 instance feeding to your contract breaking, but NOT to use an on-chain feed that's drawn from multiple sources, which ensures it's more accurate & less susceptible to manipulation, as well as the ability to claim compensation from the node operators if they do screw up?

>> No.18922469

>>18922448
amazing.

>> No.18922478

>>18922462
>>18922469
The value is the same between USDt and USD.
USDt is simply a placeholder.

>> No.18922485

>>18922478
Totally, so please go pay your power bill with Tether. Go ahead, post the receipt.

-LinkBro

>> No.18922502

>>18922485
He can pay it using TokenCard or something very easily.

>> No.18922523

>>18922502
of course he can, but is his tether fdic (or country equivalent) insured? if tether were really the equivalent, surely large institutions would be adopting and insuring it right?

-LinkBro

>> No.18922541

>>18922485
You have to exchange them at some point, but the amount of USDt will correspond with the amount of USD.
Because the value is the same.

Not sure why you're dragging me into this discussion.

>> No.18922554

>>18922541
No reason. You do you. Best of luck.

-LinkBro

>> No.18922565

>>18922554
And good luck to you with your sats, which are themselves valued in USD.

>> No.18922582

>>18922565
This feels passive aggressive anon. I meant what I said. Best of luck.

-LinkAnon

>> No.18922590

>>18922466
>Fixated on USDT aren't you?
55Billion daily volume.

>But USDT is as backed as it needs to be.
It doesn't need to be backed. It need to be redeemable. Which it's not.

>node operators that get it wrong get penalised
It's just putting a price on lying.

>So you need an on-chain feed
yes

> but for some reason you won't use Chainlinks
Some reason being it's not trustworthy and gameable

> so you're rolling your own
Yes

> because that's different somehow
Yes. You can trust someone to not lie if the only person suffering from a lie is this person.

>So again, you're happy to accept the risk of some Python script (or whatever) you're running on some ec2 instance feeding to your contract breaking,
Yes, I would rather trust a serverless simple function taking off-chain feed that are gonna also the basis for the govt for evaluating if a transaction fall under AML policy than publicly trusting a gas expensive for user in-chain mechanism that can be gamed.

>but NOT to use an on-chain feed that's drawn from multiple sources
Yes. the on-chain part is redundant.

>> No.18922597

>>18922582
I'm trying to help you.

>> No.18922600

>>18922582
woof I meant

-LinkBro

>> No.18922607

>>18922478
Are you also buying Venezuelan Bolivars at the official rate ?

>> No.18922613

>>18922607
No?

>> No.18922615

>>18922597
anon you should think about the question in:
>>18922607

>> No.18922616

>>18922523
Course not. But then neither is DAI or something. I'm really not sure what your point is, it's just a tradeable asset with a price peg for stability. And big institutions aren't adopting anything in the crypto world yet anyway.

>> No.18922625

>>18922607
What a strange question. What's that got to do with anything?

>> No.18922626

>>18922615
No, I'm not buying Bolivars. What an idiotic question.

You're just trying to muddy the waters to draw attention away from the obvious point: that sats themselves are valued in USD.

>> No.18922645

>>18922626
yes anon. it is true that bitcoin is very often valued in USD. good luck to you.

-LinkBro

>> No.18922662

>>18922645
>it is true that bitcoin is very often valued in USD.
It always is.
Everything is.

When Bitcoin "moons", it's gaining fiat value.
When the housing market "moons", it's gaining fiat value.
When gold "moons", it's gaining fiat value.
When stocks "moon", they're gaining fiat value.
etc.

>> No.18922674

>>18922662
do you have much experience in trading currencies that aren't blockchain related?

>> No.18922682

>>18922674
That's a completely different bag.
Currencies are what everything in a certain country is priced in.

>> No.18922704

>>18922682
Well it sounds like you have it all figured out. Enjoy anon.

-LinkBro

>> No.18922718

>>18922704
You're welcome for the lesson.

>> No.18922738

>>18922590
So you're still trusting that your what, Lambda function, isn't being fed lies. Because that is utterly impossible to tamper with. But somehow a network of seperate aggregators, using seperate sources, including yours most likely, that can then spot outliers & probable manipulation is less trustworthy because......reasons. How exactly does this exploit work? Explain it, I'm genuinely curious. How do I affect the inputs to a set of nodes, widely seperated & aggregating inputs from many sources? Because it sounds like now instead of just compromising your source, I have to compromise many.

>It needs to be redeemed
Why do I need to be able to use it to get a printed dollar or something? Can I do that with the money on my credit card at an ATM? Yes. Can I do it with DAI on a TokenCard at an ATM? Yes. Explain the difference then.

>> No.18922741

>>18922718
wait what lesson?

-LinkBro

>> No.18922759

>>18922741
That ultimately sats are valued in fiat, so anything you value in sats is automatically valued in fiat.

>> No.18922781

>>18922759
Yep, this. It's transitive.

>> No.18922784

>>18922625
1 USDT = 1 USD is a myth with no basis in reality.
An USDT is neither a debt (which require reedemability or at the very least expiration) nor a share (which require backing).
USDT is simply... a crypto collectible, which somehow everyone agree is worth 1 dollar because "LULZ IT'S BACKED". What does backing even mean ? If bill gates takes a dump, bill gates poop is not "backed" by Bill gates fortune. Only his debts are.

As it stand, Tether Limited has no obligations to give you back 1 dollar for each tether. It's not even a vague promise. It's just "We sell those in unlmited amount for 1 USD a piece, and we will keep part of the money you give us in a bank account". It's pure shit.

>> No.18922801

>>18922625
because 1USDT = 1USD is as fake as 1 USD = 10 Bolivars.

>> No.18922814

>>18920171
The halving is the only immediate news at the moment so it's not surprising, everything is decreasing in sats.

I think the time to be in sats has passed, it's too close to the halving for easy swinging (if you're into that), once the halving takes place there could very easily be a massive dump of sats as well as pump. Given the amount of normies hoping for it, I'm expecting it to dump and people retake their positions in alts before they pump.

What's people's thoughts?

>> No.18922817

>>18922738
>So you're still trusting that your what, Lambda function, isn't being fed lies.
We could feed it whatever we want as long as the govt agree this number is the one that should be used to estimate ETH/GBP rate for the scope of AML of blockchain transactions. Ideally we want it to be provided by the Govt itself, but the lazy fuckers don't do that. You have to self assess.

>> No.18922824

Call me when it's sub 3.

>> No.18922835

>>18920444
lol, you just posted something that proves you visit reddit. die in a fire.

>> No.18922836

>>18922801
no no no but they said it did... so it does. i mean that's as good as real in their book so there's no issue with tether obviously. You and I are just crazy to question one of the sketchiest companies in the existence of crypto.

-LinkBro

>> No.18922858

>>18922784
You're just repeating yourself over & over. You seem to be hung up on some idea of a "real dollar" or something having value outside of everyone agreeing that it does. And I still don't care about Tether specifically & I'm not defending them so much as the concept of stablecoin - as long as its accepted, it has value. If I could convince someone to trade $100 worth of goods for $100 of monopoly money it has value. Again, I can go, right now to an ATM, withdraw $20 & 20 DAI leaves my card. How is that not equivalent then? Because hypothetically everyone could stop supporting it, it lacks value? Same goes for the actual dollar or gold lmao.

You're really just making the old boomer argument that no crypto currencies have value, but you've just reduced it to stablecoins & Tether specifically.

>> No.18922873

>>18922801
That doesn't make sense.
The Bolivar rate varies greatly against the USD.

>> No.18922906

>>18922817
Yeah, obviously. But that's the problem right there - the government aren't supplying a secure source, so you have to roll your own & hope you get your security right. Sounds like you should actually just run a link node yourself & monetise your price feed if you've got a better source than anyone else. If I ever needed that pair, I would rather pay a trickle of coins than try to run my own dedicated oracle just for that.

>> No.18922932

>>18922836
But it does though - if anyone takes the trade. If I could arrange the trade, it exists. If I could say its a billion British pounds to the Zimbabwean dollar, and I find someone that accepts it, then it is. That's exactly how markets work.

>> No.18922939

>>18920917
cuck

>> No.18922945
File: 146 KB, 783x1280, 1564029508303.jpg [View same] [iqdb] [saucenao] [google]
18922945

Hodl

>> No.18922949

>>18920949
based link bro

>> No.18922955

>>18922784
kek
thanks for the volume anon

>> No.18922967

>>18921028
lmaao obvious samefagging, to act like you have supporters, fkin kek

>> No.18922970

>>18922738
>Because it sounds like now instead of just compromising your source, I have to compromise many.
Yes. It's still priceable.

Trustless oracles are mathematically impossible. It's not even "computationally impractical" like finding Satoshi OG private key. It's just mathematically impossible.
The least bad you can do is basically having a proof of stake mechanism that penalize the minority of differentiating data (What chainlink is doing). The cost of the lie is then how to make this "real world lie" the "blockchain truth".

If you have a black swan upswing higher than the cost of the lie (ie 10x leveraged bet with 10x returns), then you can make the lie happen.

The only way for an oracle to tell the truth is for all of the downswing to be caught by the oracle publisher. e.g : ETFS market makers have no interest whatsoever about lying about the fair value of the ETF they are selling : If they overestimate it, people are gonna buy real world compound stocks and get in the ETF, if they are under-estimate it, people are gonna buy the ETFs and reedeem the stock.

The way oracles are gonna happen later at a wider scale is not trough some impossinble to decentralize scam like chainlink.
It's gonna be a real brick and mortar company that are gonna enter a real contract with real lawyers with an another company to publish truthfull data to the blockchain on a regular basis, and with penalties built in the contract so that if the company buying the data suffer a loss as a result of a mis-oracling, then the data seller has to cover all the loss to the person using the data.

As long as the oracle don't pay you back your losses + penalty if you use their oracle and they lie, an oracle is not trustable.

>> No.18922974

>>18922836
Since it isnt real, give me yours?
no for free
>you want money? That you beleive in?
hypocrite

therein is the cycle of delusion

>> No.18922984

>>18922873
>The Bolivar rate varies greatly against the USD.
https://www.xe.com/currencycharts/?from=USD&to=VEF&view=10Y

>> No.18922987

>>18922836
And nobody is disputing that they're sketchy by the way. Of course they can't cover it all. My argument is that until the day the SEC busts them (which at this point is obviously never happening) it doesn't matter. It's not like banks have enough assets to cover all their positions either ffs. You're trying to say it's bullshit, and it is, but the secret is it's bullshit all the way down. I could issue bizcoin tomorrow using a "Proof of Shitposting" minting algo & if someone hands me a dollar for one, that's now the value.

>> No.18922991

>>18922970
https://books.google.com.au/books?id=Ex1Cl4NhW7cC&pg=RA5-PA371&lpg=RA5-PA371&dq=tony+eng+okamoto&source=bl&ots=5wG9A49Gcc&sig=ACfU3U3j27SYQUUwD-ZWLc12eaPAQUEjkQ&hl=en&sa=X&ved=2ahUKEwjzwq7H-p_pAhXJbn0KHeW2ANUQ6AEwDXoECAcQAQ#v=onepage&q&f=false

you're very late, that is 1995/6

>> No.18922994

>>18920180
stinkie cope kek

>> No.18922998

>>18920973
Can someone shop this but with common LINK FUD instead of the (you)s?

My paint skills are terrible

>> No.18923005

>158 posts
>40 posters

>> No.18923013

>>18920973
based and same

>> No.18923036
File: 21 KB, 761x509, usdves bolivar.png [View same] [iqdb] [saucenao] [google]
18923036

>>18922984
Please tell me you're not actually this retarded.

>> No.18923065

>>18922991
What is it supposed to be ? How does signing (proving you know a number) has anything to do with a fundamental game theory unsolvable problem ?

>> No.18923085

>>18922970
Truly trustless? Sure. But there's degrees of trust. And I'm still not seeing how your situation (trusting a single oracle), is somehow better than trusting many. Never let the perfect be the enemy of the good, some solution is better than none. Yes, obviously if the original source itself is lying, legal action is needed. But that's true in most cases using Chainlink or not - of you specifically some direct trusted source then power to you. What's stopping Chainlink from suing said sources for example?

Still sounds easier for me to find an exploit & MITM your lambda script or something lmao.

>> No.18923128

>>18923005
Yes. It's a conversation. It happens sometimes.

>> No.18923139

Chainlink broke into my house, killed my dog, and raped my grandmother. True story.

>> No.18923169

>>18922858
>You're really just making the old boomer argument that no crypto currencies have value, but you've just reduced it to stablecoins & Tether specifically.
Absolutely not. I'm making the point that Tether is only worth as much as what you can do with it. Tether is being backed by air.

Dai, at the very least, is reedeemable/mintable in unlimited amount against the USD, and should dai ever goes to 0 (made illegal for example), dai holder can convert it back to ethereum, and in dai own-words :
> soft-pegged to the US Dollar
Soft pegged is key here. There is 0 guarantee that 1 Dai = 1 USD, just a "best effort" to have it around this value.
I have nothing against DAI. It clearly present itself as a financial instrument that has some volatility to it.

>> No.18923186

>>18923085
>And I'm still not seeing how your situation (trusting a single oracle), is somehow better than trusting many
When you have a test at school and your goal is a good grade, do you write what the teacher grading you told you in the lesson, or what reddit upvotes told you ?

>> No.18923190

>>18923169
>t against the USD
Meant against ETH

>> No.18923210

>>18923169
OK boomer. Nothing has value, it's all a house of cards and only gold has value because even if it's worthless you can still trade an ounce of gold for an ounce of gold. We should all just go back to living in caves and never trade, barter, or use money because nothing is worth anything except what you make, and as soon as it's finished being made it loses all value so best to not even do that.

>> No.18923306

>>18923210
Not my point faggot. BTC, ETG, DAI, hell, even your > random favorite shitcoin< has value. A cryptokitty has value.
What I am contesting is the magical pegging of 1USDT <=> 1USD, when it has only ever been 1USD => 1USDT
Money market fund are not something that magically appeared with the blockchain. Tether limited market itself as one, but it's product are neither debt nor a share, hence meaning that when it will go bust (not if, when), every token holder is fucked with holding basically nothing.

TL;DR of all my rambling :
>USDT is a fungible crypto-collectible that a succesful marketing campaign by Tether limited made people think it was a share in a Money Market Fund.

>> No.18923312

>>18923169
>Only worth what you can do with it
So.....it's the same as any other currency then? But yes, Tether specifically isn't backed by anything more than that.

>>18923186
And in your specific case, you have a trusted source of truth that you're satisfied is sufficiently secure. Good for you. Most applications aren't going to have that, nor should every single company trying to build something with smart contracts need to have it. If I want to, I dunno, run a betting market so people can go long on coronachan deaths or something, I just want the number, not to necessarily have to spend a ton of time & money building infrastructure for it. Especially if its just one piece of data among many. Why not, in most cases, push the trust back onto someone (like node operators) & let them worry about the security of the source & sueing them if necessary?

>> No.18923397

>>18923312
>So.....it's the same as any other currency then? But yes, Tether specifically isn't backed by anything more than that.
It is the same as any other currency. Even closer to real world currency than other crypto, due to how it goes brrrrt. But "any other currency" are free floating. Not USDT.

>And in your specific case, you have a trusted source of truth that you're satisfied is sufficiently secure
Not even that. It doesn't matter if the source is secure or not, "lie" or not. What matter is that the stakeholders (in this case, us and the UK govt) agree that this source should be used.

> If I want to, I dunno, run a betting market so people can go long on coronachan deaths or something
Then the betters need to agree on a trusted source. Preferably one that has a lot of skin in the game because if it lies it goes bust. A source like... The bookie himself, because people would stop using a lying bookie.

>not to necessarily have to spend a ton of time & money building infrastructure for it
Why do it onchain when it can be done gasless offchain ?

>sueing them if necessary?
Can't easily sue with chainlink. That's the whole reason it's shit.
Why not simply sign a contract with a single feed provider that agree to being suable ? Oh wait no need for chainlink to do that.


Skin in the game is the problem with oracles. You can only trust an oracle with more skin in the game than you. And due to off-chain betting, it is impossible to fairly assess the skin in the game of a given oracle.

>> No.18923512

Until now, Ive never seen a thread that even if it existed on the internet in a vacuum by itself, and I blinked into existance and had no memory of anything other than how to read english, that convinced me this deeply, down to my Anglo core; that we need flags. This is cancer.

>> No.18923526

>>18923397
No one can agree to being sued, dipshit. That's the whole point of pursuing a lawsuit in the first place, to legally force them to do what they refuse to do.

>> No.18923551

>>18923397
>skin in the game
And how does Chainlink get in the way of a node operator signing a contract with the oracle to produce exactly that?

>>18923512
Strayan flag. And I entirely agree. It'll never happen though, it's been requested for years.

>> No.18923573
File: 3.17 MB, 3968x2976, IMG_20200507_101641.jpg [View same] [iqdb] [saucenao] [google]
18923573

>>18923512
Britbong flag here. It would not solve my English.

>> No.18923587

>>18923526
>No one can agree to being sued, dipshit.
What is a contract ?

>That's the whole point of pursuing a lawsuit in the first place, to legally force them to do what they refuse to do.
Without a contract you are not supposed to do anything in the first place.

>> No.18923612

>>18923551
>And how does Chainlink get in the way of a node operator signing a contract with the oracle to produce exactly that?
Why would you use chainlink at all if you enter in a B2B relationship with a provider ? The promise of chainlink is decentralized oracles. Remove it, and it's just unnecessary fat.

>> No.18923668

>>18923587
If the contract isn't breached what possible grounds could you have for a lawsuit?

>> No.18923719

>>18923612
Because I, as the contract creator wouldn't have to. That's the point. Why do I use IaaS? Because instead of rolling my own ad hoc, shitty server in the corner on a bad connection, I push that back & focus on my core business. Same with this, node operators are the ones who will form the B2B agreements, probably in partnership with each other for bargaining power. It's more like B2B as a service in a way. If I, as a smart contract creator, want said corona deaths, all I do is call getVirusDeaths() or whatever. A little bit if gas, vs setting up my own data inputs (which all costs), not to mention enforcing any agreements needed. Then, if its all bad, I get compensation directly from the node operators, who in turn handle the legal shaking down of the original oracle. Seems valid enough in many business cases to me. Yes, in your case it does sound like it'd be a superfluous middleman, but that's not going to be the same in every business.

>> No.18923724
File: 2.28 MB, 308x384, Bravo Retard.gif [View same] [iqdb] [saucenao] [google]
18923724

>>18923668
DING DING DING.

As long as your feed provider does not lie on the seed, you have no ground for a lawsuit.

>> No.18923754

>>18922254
Apparently I'm like 5 different people do you schitzos. I wonder what its like being literally delusional.

>> No.18923768
File: 119 KB, 1024x749, NBkg3qwagsERGvgtQwcmzk32XaZA4H5Fs8rn0E8wUrE[1].png [View same] [iqdb] [saucenao] [google]
18923768

>>18923754
>I'm like 5 different people do you schitzos
Apparently I should sleep too.

>> No.18923788

>>18923719
At no point chainlink is needed here. It literally become a side gig for datafeed providers.

>Quick reminder that a single bloomberg license for live market data is 20k/year and that a simple service disruption would cost them dozen of millions while being caught lying purposefully would destroy their business
>It would cost a few thousand bucks to make chainlink lie.

>> No.18924143

>>18923788
im saving all your posts. You have completely destroyed the linkies

>> No.18924359
File: 1.29 MB, 2584x4512, FD75A133-86E8-4156-BC43-42AD107D6355.png [View same] [iqdb] [saucenao] [google]
18924359

>>18920438
Its this guy in pic related
Ignore him. And yeah, he isnt even a paid fudder or a bot, he admitted it. Just an extremely pathetic and sad human

>> No.18924418

I bought 100 linkies at 5.22 cad buy high sell low

>> No.18924420

>>18923612
>The promise of chainlink is decentralized oracles. Remove it, and it's just unnecessary fat.
haha what?

>>18923788
>It would cost a few thousand bucks to make chainlink lie.
You have no idea what you're talking about.
There are various ways to keep any oracle from know what data they're even processing.

>> No.18924548

>>18920171
Oh linkies, Imagine having to build an ecosystem, hire devs, build community, get on exchanges, put out fake blog posts and partnerships, waiting 2 years to finally see gains and yet hex is just a shitty smart contract which pumps and pumps and pumps on shitty exchanges and accomplishes the same without doing anything. Imagine the cope

>> No.18924593

>>18924420
>actual smart contract developer
>neet
>neet: " you have no idea what youre talking about "
you cant make this shit up. linkies on suicide watch

>> No.18924611

>>18924593
How would you make Chainlink lie when nodes don't even know what data they're processing?

>> No.18924643

>>18924611
>feeds will magically never lie under chainlink
jesus christ. read this again >>18923788

im done talking to link trannies

>> No.18924666

>>18924643
>>feeds will magically never lie under chainlink
That's a source problem, not a Chainlink problem.

>> No.18924675
File: 1.03 MB, 1080x1920, Screenshot_20200507-031418_Gallery.jpg [View same] [iqdb] [saucenao] [google]
18924675

Chainlink is a scam ask me why I dare you

>> No.18924689
File: 281 KB, 1816x1334, Screenshot 2020-05-07 at 11.54.08.png [View same] [iqdb] [saucenao] [google]
18924689

This is what will happen, unironically

>> No.18924701
File: 520 KB, 1920x1080, Screenshot_20200507-012854_Gallery.jpg [View same] [iqdb] [saucenao] [google]
18924701

>>18924359
Imagine being so deluded you think people bot fud at your scam rather then copying reliable information to spam at you so you fo away

>> No.18924734
File: 923 KB, 1920x1080, Screenshot_20200507-012953_Gallery.jpg [View same] [iqdb] [saucenao] [google]
18924734

>>18924548
Keep posting and HEX will become the new chainlink and not in a good way

>> No.18924756

>>18924734
Imagine the guy who posted them originally. KEK

>> No.18924767
File: 912 KB, 1080x1920, Screenshot_20200507-012928_Gallery.jpg [View same] [iqdb] [saucenao] [google]
18924767

>>18923573
What does that picture mean anon

>> No.18924808

>>18924701
>i-it's not spamming fud!
>it's spamming "reliable information"

>> No.18924875
File: 47 KB, 564x564, 1587228537153.jpg [View same] [iqdb] [saucenao] [google]
18924875

>>18924808
>linkies never spam like fudders
>this spamming by fudders is unprecedented!
>ctrl + f "-LinkBro"

>> No.18924894
File: 1.74 MB, 2938x5378, spam fud chainlink.png [View same] [iqdb] [saucenao] [google]
18924894

>>18924875
>>linkies never spam like fudders
No they literally do not.

>> No.18924912

>>18924767
>those brown nips

Yikes!

>> No.18925039

>>18924666
Then what good is chainlink ? Just a copy paste tool from a source to the blockchain ?
Any signed source can do that. No need for chainlink.

>> No.18925073

>Chainlink pumps to 50k sats
>Bitcoin pumps
>Chainlink dumps to 35k sats
>Bitcoin dumps
>Chainlink pumps to 50k sats
>...

>> No.18925255
File: 13 KB, 1200x675, cover_audits_compound_oracle.png [View same] [iqdb] [saucenao] [google]
18925255

>>18925039
>Any signed source
this is why Compound open oracle btfo's chainlink. it already signs the source. You dont need it to be signed again

>> No.18925280

>>18923036
Thinking 1 USDT = 1USD is following the first chart.

>> No.18925326

>>18925255
Still have to wait & see governance though.

>> No.18925382

>>18925039
>Then what good is chainlink ?
Placing the source's data on-chain, trustlessly.

>Any signed source can do that.
A signed source does not place the data in any contract.
All it does is allow for on-chain verification of the source's identity.

>> No.18925394

>>18925280
The first chart doesn't show a 1-to-1 value ratio between the USD and the Bolivar you braindead ape.
The Bolivar crashed massively against the Dollar.

>> No.18925396 [DELETED] 
File: 1.01 MB, 1080x1920, Screenshot_20200507-031346_Gallery.jpg [View same] [iqdb] [saucenao] [google]
18925396

>>18924912
So post your nips anon

>> No.18925412
File: 106 KB, 763x657, leschner compound chainlink.png [View same] [iqdb] [saucenao] [google]
18925412

>>18925255
>Compound open oracle btfo's Chainlink

Then why did the Compound CEO call Chainlink part of the foundation of DeFi?
You have no idea what this is about.

>> No.18925439

>>18925382
>Placing the source's data on-chain, trustlessly.
You mean a 1 USD transaction that can be done by anyone as long as the source is signed ?

So if you want a source updated hourly it would cost a grand total of 30 buck a day (aka pajeet tier salary ?)

>> No.18925448

>>18925412
So that chainlink niggers buy Compound token to. Who would you sell a scam to, your aunt that buy essential oil and engaghe in MLM or your down to earth farmer cousin ?

>> No.18925449

>>18925412
1. They dont want to start an Oracle war with the autistic LINK twitter army
2. Coinbase still wants people to buy LINK because it makes them money through exchange fees
3. Sergey could have payed them to namedrop LINK so investors wouldnt worry

>> No.18925488

>>18925439
>You mean a 1 USD transaction that can be done by anyone as long as the source is signed ?
Of course it can be done by anyone.
You can set up your own oracle run a Chainlink node yourself as well and do it for free.
Problem is convincing the other contracting party/parties that your oracle isn't going to do shady shit or break down.

>>18925448
>>18925449
fudders:
>OpenOracle is bad for Chainlink

OpenOracle:
>this is good for Chainlink

Thanks for trying though.

>> No.18925502

>>18925488
you got it all wrong. Open Oracle is not for LINK. LINK is (optionally) for Open Oracle

>> No.18925569

>>18925488
>Problem is convincing the other contracting party/parties that your oracle isn't going to do shady shit or break down.
And how is chainlink accomplishing that ?
An oracle is only as good as the exposure of the publisher. Chainlink is not solving out-of-chain betting, and hence is pretty much useless for anything that involve real corporate and real money. For your garage project and betting 1Eth on the the USD/BTC prise next month, sure.
Again, trust in up to date financial data is the most expensive data flow you can buy, with the most betting made on. Chain link model does not incentivize the oracle enough to not cartelize and lie.

>> No.18925573
File: 51 KB, 1047x799, compound open oracle chainlink.png [View same] [iqdb] [saucenao] [google]
18925573

>>18925502
>Open Oracle is not for LINK. LINK is (optionally) for Open Oracle
All OpenOracle does is allow for on-chain verification of the source.

Pic is Compound giving an example of how Chainlink's use case fits into Open Oracle.

>> No.18925580

>>18925569
>And how is chainlink accomplishing that ?
By involving multiple independent oracles, so outliers/faulty oracles/downed oracles/lying oracles/... can be sifted out.
And this is just the effect of basic decentralization. There are tons more security measures on top of that.

>> No.18925615

>>18925573
you have no idea what that article even means. You just clicked it and ctrl + f "chainlink"

>Coinbase is literally just a signed API price feed that will be used by Chainlink
No, it is a signed API that follows the competing oracle network standard Open Oracle. They purposefully did NOT use Chainlink's standard, but a competing, better, free, tokenless, KYCless one.
>Open Oracle is an oracle standard that makes different systems compatible with each other
It's a oracle network standard that does exactly what Chainlink does (medianizing multiple oracles), but for free, and without token/KYC.

>> No.18925642

>>18925580
>How do you prevent the creation of cartels ?
>By having many of them !
Linkies are retarded

>> No.18925644

>>18925615
>>18925615
>you have no idea what that article even means
Of course I do.
OpenOracle distinguishes "reporters" (i.e. data sources), "posters" (those who post the reporters' data on chain, i.e. oracles), and "users".
Chainlink is described as a provider of on-chain prices, hence it is seen as a "poster" in the OpenOracle system.

>> No.18925660

>>18925642
You can't band together to manipulate data if you can't even see the data.
Which is one of the security solutions provided by Chainlink through a variety of means (TEEs, Mixicles, ...)

>> No.18925683

>>18925644
>blantantly lying
how about show the other 3 bullet points listed in that article :)

>> No.18925694
File: 404 KB, 1396x752, 1588694858425.png [View same] [iqdb] [saucenao] [google]
18925694

>>18925660
>mixicles

>> No.18925732
File: 189 KB, 1295x490, Screenshot_20200507-061740_Gallery.jpg [View same] [iqdb] [saucenao] [google]
18925732

>>18925660
>TEEs

>> No.18925734

>>18925683
>>blatantly lying
It's literally all in the Compound Medium post: https://medium.com/compound-finance/announcing-compound-open-oracle-development-cff36f06aad3

Here are the direct quotes:

me:
>OpenOracle distinguishes "reporters" (i.e. data sources)

Compound:
>In the Open Oracle, any number of sources, known as Reporters, sign a message (price data) with a private key.

---------------
me:
>OpenOracle distinguishes "reporters" (i.e. data sources), "posters" (those who post the reporters' data on chain, i.e. oracles)

Compound:
>to post the data on chain reliably. This responsibility is shared among many Posters.
>Under the Open Oracle System, anyone with gas and a web3 connection has the ability to post the signed data on-chain.

---------------
me:
>Chainlink is described as a provider of on-chain prices

Compound:
>on-chain prices, e.g. Uniswap and Chainlink

>> No.18925764

>>18925694
Take it up with IC3

>>18925732
Take it up with Ari Juels and Intel.

>> No.18925843

>>18925734
>show other 3 bullet points
>NO
ill take that as a win
>>18925764
not a rebuttal

>> No.18925863

>>18925843
>>show other 3 bullet points
>>NO
>ill take that as a win
Nothing in that article contradicts this: >>18925734

>> No.18925872

>>18925863
>still wont how the other 3 bullet points

>> No.18925879

>>18925872
You post them, and explain.

>> No.18925944

>>18925879
im not the one defending chainlink here. Compound Open Oracle makes LINK obsolete. You havent successfully proven why it doesnt

>> No.18925961

>>18925944
>Compound Open Oracle makes LINK obsolete.
I posted direct and literal proof from Compound saying Chainlink is a "poster" under the Open Oracle system.
A "poster" being one of the three key players in the system: reporter, poster, user.

>> No.18926000

>>18925961
>still blantantly lying
when are you going to show those other 3 bullet points? It will really add light to your little claim :)

>> No.18926021

>>18926000
Here are direct quotes from Compound:

>In the Open Oracle, any number of sources, known as Reporters, sign a message (price data) with a private key.
>to post the data on chain reliably. This responsibility is shared among many Posters.
>on-chain prices, e.g. Uniswap and Chainlink

This is literally saying Chainlink is a "poster" under the OpenOracle system.

>> No.18926084

>>18926021
>cherry picking
>not showing the other 3 bullet points
FAKE NEWS

>> No.18926113

>>18925694
This is retarded fud.

The point of mixicles is to maintain privacy on public chains.
Obviously in case of dispute you want an arbiter (e.g. law enforcement) to verify this shit. Doesn’t compromise the crypto part of it at all, at the most a new transaction will have to be made if fault was found.

>> No.18926130

>>18926084
>cherry picking
That's literally what they're saying. They even mention Chainlink by name as a "poster".
Your shitcope is absolutely hilarious.

>> No.18926179

>>18926113
>maintain privacy
and it fails. Read the image again
>>18926130
>thinks taking quotes out of context of the entire article makes him right
literally fake news. CNN would be proud

>> No.18926184

>>18926113
Plus, the whole auditor thing is mostly for compliance reasons.
It's an option for big business.

>> No.18926202

>>18926179
>taking quotes out of context
There's nothing in that medium article that negates what I said.

>> No.18926222

>>18926179
>and it fails
No it doesn’t.
Privacy on the public chain is perfectly maintained at all times.

>> No.18926266

>>18925843
>>18925683
Also, you realize we can see you samefagging right?

>> No.18926284

>>18926202
>There's nothing in that medium article that negates what I said.
prove it. Show the other 3 bullet points. Were all waiting
>>18926222
mixicles add nothing. Read the image again.

>> No.18926294

>>18926284
>prove it.
I can't prove a negative you moron.
It's up to you to prove that there is indeed something that negates what I said.

>> No.18926298

Dead
Normie
Shitcoin

>> No.18926304
File: 94 KB, 960x720, One kind of Fallacy is called Red Herring.jpg [View same] [iqdb] [saucenao] [google]
18926304

>>18926266
never said i wasnt. im on phone. What does that have to do with the other 3 points in the article?

>> No.18926306

>>18926284
>mixicles add nothing.
They add privacy on the public chain.

>> No.18926313

>>18926304
What does the article say that negates what I said?

>> No.18926328

>>18926294
Compound Open Oracle doesnt need link
>YES IT DOES
>*cherry picks from 4th bullet point*
Hey, what do those other 3 bullet points say?
>.... nothing. why would that matter?

>> No.18926351

>>18926328
>>*cherry picks from 4th bullet point*
This: >>18925734
is from 3 of the 4 bullet points.

Where does the article negate what I said?

>> No.18926367
File: 239 KB, 610x517, 1588739922723.png [View same] [iqdb] [saucenao] [google]
18926367

>>18926306
false. read the image again. They do not prevent banding together to manipulate data; proving once again shitlink is useless.
also, how "secure" you make link doesnt matter. It will always be fundamentally flawed because of this >>18923788

im done. all youre doing now is stonewalling. Enjoy your bags

>> No.18926377

>>18926351
>still wont post the other 3 bullet points

>> No.18926384

>>18926367
>false. read the image again.
The image’s only point is the auditor. Which changes nothing about public chain privacy.

>> No.18926398

>>18926377
It's up to to you show where the article refutes what I said.

>> No.18926776

HAHAHAHAHAHA WTFFFFF LOOK at the fucking chart it doesnt stop

>> No.18927491

>>18920171
>Imagine the mental illness this anon has to create this same exact thread every single day on biz, where literally NO ONE HERE IS SELLING
Try your low effort gimmick on Twitter you stupid fuck

>> No.18928097

>>18920218
>BTC
>Massive pump
>>60%

meanwhile
>HEX
>up 7820% AGAINST BTC
>still rising
>no reason for it to stop
>RH is pumping the price
>literally no reason for him to stop

boomercoin is going to dump 5 seconds after your little pump there buddy. chads buy HEX

>> No.18928299

>>18922970
>It's gonna be a real brick and mortar company that are gonna enter a real contract with real lawyers with an another company to publish truthfull data to the blockchain on a regular basis, and with penalties built in the contract so that if the company buying the data suffer a loss as a result of a mis-oracling, then the data seller has to cover all the loss to the person using the data.
So chainlink

>> No.18928422

>>18925396
She looks really pretty. Is that your wife?