/biz/ - Business & Finance

https://twitter.com/emurgo_io/status/1290275033625944064?s=12

>>21134203
Here is link to github:

https://github.com/Emurgo/Emurgo-Research/blob/master/ergo/Governance-Stake-Slashing-Pool-Spec.md

How much can this reach?

>>21134275
Only 20m circulation supply, all hype around oracle/defi, and looking at the team, it deserves 200m market cap for now. 40-50x easy from here and possible 100x

Ergo Vs. Chainlink:

1. Oracle pools provide greater sybil attack resistance and general assurance because the individual oracles part of the pool willingly co-ordinate and come together in order to launch their oracle pool. ChainLink’s more individualized approach to oracles tied with a bidding process is akin to hiring mercenaries/thugs who have no allegiances and are prone to mutiny at the drop of a dime if it benefits them (and in this case you can’t tell if the different groups of thugs you’ve hired aren’t actually conspiring together and/or the same person). Oracle pools in this point of view, can be viewed more as a cooperative of oracles who know each other and have aligned incentives together with a common goal. They are significantly more likely to perform their job as expected, but if they don’t, disincentives and governance are in place to ensure they are severely penalized and removed. This is a shift in core philosophy of how oracles are chosen with a focus on using market dynamics between competing oracle pools, rather than competing individual oracles. And with this, a lot more assurance is provided to end users.

2. Thanks to extended UTXO, Ergo can construct arbitrarily large oracle datapoint hierarchies of confidence easily which make it possible to have pools of pools (continuing to higher tiers as well) and thereby scale accuracy upwards at the cost of price/speed. This isn’t possible with ChainkLink’s design, because oracles are inherently sole actors, and there is no design for aggregating aggregators, and having that scale. Furthermore, the lack of the UTXO model prevents such hierarchies from working well at all. The accumulation of data upwards through the hierarchy and the dispersal of funds from the top downwards are both an order of magnitude more complex to perform (and likely more prone to bugs/errors), which translates to higher costs and making it an open question whether it is viable at all on an account-based model.

>>21134704
Damn, this is awesome. It is definitely Chainlink competitor.

>>21134135
Anon, you are based. LINK Marines are going to shit on their pants now. This shit has a real potential to out compete LINK in oracle domain.

>>21134865
This is real shit. This is not like band, or dos fucker scam. This is real deal and being developed by top devs and university scholars.

How to buy this?

>>21134947
I did all the research and still accumulating. I will post all the breadcrumbs here. Let’s take this to the moon.

>>21134704
3. Oracle pools have multiple approaches for incorporating governance (ChainLink has none). Furthermore oracle pool governance is very flexible and has a stronger impact than ChainLink’s passive reputation system. This means that oracle pools can use internal governance where individual oracles (who all have a game theoretic incentive to act well in order to earn money) vote on parameters/the list of oracles, or an external governance DAO which distributes the responsibility to a large number of DAO members can be used too. Due to the longevity of oracle pools, an external reputation system isn’t required, but instead direct action can be taken through the governance mechanism to immediately improve the quality of data and remove bad actors. This direct approach provides immediate effects which has a much greater impact for the end-user (furthermore a reputation system can still additionally be built on top if so desired, where if any oracle is kicked out of one pool their global reputation decreases).

>>21135038
Hotbit, Coinex, probit.. it will be listed in top tier exchanges soon.

>>21135183
Another breadcrumb: Ergo is founded by Alex Chepurnoy, who was a cofounder of Smartcontract.com (Chainlink) and worked with Sergey before. Check Alex’s bio in his tweeter account. This is fucking huge.

>>21135383
I am not done spoon feeding you anons, beside Oracle, ergo will have dex (this is beat uniswap) and stable currency:

https://ergoplatform.org/en/blog/2020-08-04-ergo-roadmap-for-2020/

https://ergoplatform.org/en/blog/2020-07-31-decentralized-exchange-contracts-on-ergo/

>>21135642
Based anon! Great job. Keep spoon feeding us.

>>21135802
Yes, will do. Let me buy more first lol

>>21134135
KEEP IN MIND THE CEO OF ERGO WAS ALSO A COFOUNDER OF SMARTCONTRACT.COM

Alex Chepurnoy

It's for fucking cardano lol

>>21136055
Yes, anon.

>>21136086
Nope. It’s for Ergo first, do your research first.

>>21136055
Alex is going to kick Sergey’s ass!

>>21134798
lmao look at this Russian self shilling his shit

>>21136669
Lol! Get your bag before too late. This is in moon mission. Check dos, zap, band what happened? This is much bigger and better than them, can actually complete with Chainlink.

>>21136669
You think Alex will shill here in 4chan? Stay poor!

>>21136930
>can actually complete with Chainlink.
haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahahaaha

HAHAHAHAHAHAHAHAHAHAHHAHAHHA

>>21136978
Lot of room to grow anon. Band was in same position like 3-4 months ago.

7m market cap. Oracle pool. Chainlink competitor. I am sold to the idea. Sold my last linkies and bought this shitcoin. I am here to make money. Not married to any coin. This shitcoin will fly like all oracle coins are doing right now. A no brainer indeed.

>RANK 578
>FIVEHUNDREDSEVENTYEIGHT
>FIVE
>SEVEN
>EIGHT
HAHAHA

>>21137142
Fucking based. Let’s go to the moon

>>21137183
Keep laughing, matter of time and it will be top 100.

Whats the link between cardano and ergo? here them mentioned in the same circles.

>>21134135
Is this legit ? Missed out on all those DeFi / Oracle projects...

$ERG | Cardano + Ergo Partnership

Cardano recently completed Shelley, its biggest upgrade ever. They'll create a stablecoin, privacy-enabled smart contracts & DeFi services through Ergo.

$ERG will be the first coin integrated into $ADA's Yoroi wallet.

>>21137345
2 years

>>21137345
Of course anon, check all the links above. This is not a chink scam like band, dos or zap. This is real deal and only oracle that can complete with Chainlink or even work closely with Chainlink. You can connect all the dots, Alex (ceo of ergo) and Sergey (ceo of Chainlink) founded the smart contract.com (owner of Chainlink) together and they both worked together in nxt project.

Check here who is Alex? This guy is fucking genius, he is like Sergey:

https://scholar.google.ru/citations?user=AG_OSPgAAAAJ&hl=en

Bagholders shilling Waves and Ergo. Get the fuck out with your Russian scam projects and actually Waves is the biggest scam project of them. There's not a bigger red flag than a project being from Russia.

You're going to get dumped on if you buy now check the 7 day chart kek

ERGO is a scam. Just like CHAINLINK. Dump them all!

>>21137779
ANYTHING that comes out of Russia is a scam

>>21137817
Yes, dump it. My buy orders are ready.

>>21137905
>muh reverse psychology

>>21137817
So etherium is scam, Chainlink is scam? Stay poor. Go buy band, dos and zap. Fucking chink.

>>21137995
Vitalik and Sergey have Russian roots but that's about it. They're not actually from Russia.

>>21137995
>So etherium is scam, Chainlink is scam?
Yes.

>>21138128
Haha, stay poor. Go buy neo, band, dos, zap.

>>21138224
Russians and Chinks are just the same. They both have communist blood. Get the fuck off you slavic nigger and take Ergo, Waves and any other Russiam scam project with you.

>>21138276
If you think Eth and link are scam then something wrong with you.

>>21138519
I just said Vitalik and Sergey are not really Russian. Your reading comprehension is absolutely fucked up, doesn't surprise me you put money into Ergo now.

>>21138557
You are fucking racist, judging people due to their nationality.

>>21138557
What is wrong with ergo? This is far better project with real products and solutions. It’s not even 7 million market cap and look all the scams with billion of market cap?

>>21139267
So you think this guy is scam? Another member of ergo.

https://scholar.google.com/citations?user=4k0lzWwAAAAJ&hl=en

>>21139267
It's a Russian project.

>>21139312
Check co author, fucking Andrew Miller, advisor of Chainlink and zcash.

https://scholar.google.com/citations?user=4k0lzWwAAAAJ&hl=en#d=gs_md_cita-d&u=%2Fcitations%3Fview_op%3Dview_citation%26hl%3Den%26user%3D4k0lzWwAAAAJ%26citation_for_view%3D4k0lzWwAAAAJ%3ANMxIlDl6LWMC%26tzom%3D300

Chainlink vs. Ergo:
4. Similarly, epochs provide a perfect way to implement disincentives, such as stake slashing (oracles joining a pool have to put up collateral to join). ChainLink aggregators do not have this at all currently (with only promises that it will be implemented), and their design makes it more challenging to encode them. Oracle pools are designed specifically to improve the assurance of oracle data, thus incentives and disincentives fit in perfectly. We have already started to write informal specifications (and contracts soon) making them a palpable reality rather than just an idea in someone’s head. (Also all stake is in the blockchain’s native currency, rather than a custom token like LINK)

5. An oracle’s job inside of a pool is to source and guarantee that external data is posted onto the blockchain in timely manner. This is a job that has actual value, and makes 3rd parties who aren’t the source of the data actual valuable participants. This is a consequence of the epoch design of oracle pools which doesn’t exist in ChainLink. Thus for datafeeds, ChainLink oracles are effectively useless middlemen that simply take a cut, which in Oracle Pools the oracles themselves are performing the equivalent of a timely delivery service.

>>21139580
Fucking based anon.

>>21140024
This is going to melt lot of faces. Screen cap this.

>>21137730
Who cares chart? It’s not even in good exchanges yet. Think once it is listed in Binance, Kucoin, Coinbase. This will go directly to the moon.

>>21137345
Legit as fuck. Next real Chainlink anon. Get in ASAP.

>>21134135
I will never give up on Erg, devs behind this project are 150+ iq genius tier. Token mixer is supposed to drop today too

>>21141402
Finally one anon understands this.

>>21141402
Smart contract, oracle, PoW, directly working with cardano, stable coin, dex, privacy, etc. etc. do you need anything else?

can I get this on Uni? anyone have the address?

>>21142303
Nah it's on its own blockchain. Hotbit or Coinex

no mobius is

>192k volume
get this scam out of here

>>21142454
got it, thanks anon

>>21142490
>low volume means it's a scam!!!
visit the github senpai. lead dev is among the most cited in all of crypto

https://github.com/ergoplatform/ergo
https://www.ergoforum.org/

>>21142490
Dude, low volume doesn’t mean scam. It never got attention that it deserves. Wait for a month and will be listed in top tier exchanges.

>>21142675
That’s how it works Anon. Check Chainlink, it cited all of crypto too. Scam copy and paste like band and real one cites and give credits. If there is something already built in open source, you don’t have to build it from scratch, you cites, use and move on.

>>21142675
>>21142755
it's never going to pump on these no name washtrade exchanges

why would it ever get a listing? This coin has existed since 2017. What seriously changed

>>21142852
Not entirely true, coinmarketcap has it wrong. Research was done 2017 - 2019 with a separate coin (EFYT) airdropped on Waves for funding. Erg wasn't actually released until Jul 2019. The big thing that changed is the Emurgo partnership, but mostly it's been organic growth. The problem is that the project is pretty much all devs, very little paid marketing to speak of. Anyway, my personal belief is that it won't moon until it is added to the Yoroi wallet (currently only supports Cardano) but hopefully it happens sooner

>>21142852
Mainnet just released, oracle are coming up, dex is coming up, stable coin is coming up, this is backed by cardano, team is A+. It is just matter of time, it will listed for sure.

>>21143022
Yes, this project is fundamentally based, not pump and dump scam.

>>21143022
Based.

Vetted and Endorsed by Charles Hoskinson. ADA community is pretty big. They will gobble this once it comes to their radar.

https://twitter.com/iohk_charles/status/944941679458492417?s=21

>>21143649
Fucking based.

>Russia
No, thanks.

>>21143772
Stay poor.

>>21143772
Sergey is Russian. So whats your point? Vitalik is Russian as well.

>>21143994
how do you store this shit?

>>21144100
Most user-friendly options are Magnum or Coinbarn. Yoroi support coming soon along with 2 other wallets from independent devs (one is cypra.io, the other has not had details released yet)

>>21144100
https://ergoplatform.org/en/wallets/

>>21143994
Show me one successful Russian crypto project.

And no, Chainlink and Ethereum are not Russian projects.

Finally, someone know how to DYOR. Ex-CEO of Smartcontract behind this project plus 3 reputable google scholar behind this project. 5MIL Mcap is a joke. Moonneeyyy printer go BRRRRRR

>>21144320
I guess you don't know what decentralization means

>>21144372
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA COPE

>>21144320
Why ergo is Russian? It is open sourced, most of the devs lives in the US. DOYR first.

>>21144327
Based. This is going to compete with etherium and Chainlink together. It is smart contract platform with integrated better oracles. We are all in this together.

>>21144495
how about you do your research you fucking soviet agent? https://github.com/ergoplatform/ergo/graphs/contributors

>>21144647
>This is going to compete with etherium and Chainlink together.
t. every shitcoin ever

>>21144656
Since when University of Maryland and University of Virginia became a russian institutions? Get your shit together

>>21144656
I know what is your motive anon. If you don’t like the project get out of this thread. You know this is legit project and you want accumulate more creating fud. Otherwise, you wouldn’t bother to comment. Let other poor anons to make money too.

>>21144783
>kushti from Moscow
>oskin1 from Russia
>greenhat from Russia
>Mike Aksarin from Russia
>daron666 from Russia
>Tolsi from Russia
like most other devs in that repository.
>>21144839
I'm not going to let you scam people into Russian schemes.

>>21144783
Fucking based.

>>21144783
>>21144980
>answering "based" on this
holy shit a bunch of non channers samefagging from their phones. Gtfo with your Russian scambags

>>21144964
Wow. Are you a god or protector? Racist! Judging people based on their origin/nationality? Judge them by their work, ethics and professionalism. This is not pump and dump scam. Stay out of this thread you little fucker.

>>21144964
So what? Do you hate money? Do you think this shitcoin is gonna stay at 5 million in mega bull market we are experiencing. And especially when all the oracles coins are going ballastic. The founder is ex CEO of Sergey’s company. And ADA is going to use their oracle pool. Stay poor anon. You deserve it with your biased analysis.

>>21145046
I know what you trying to do, accumulate more. This thread messed up your plan. Go fill your bag before too late, it will do 100x without you.

>>21145133
>Do you hate money?
>AFTER THREE YEARS
>THIS
HAHAHAHHAHAHAHAHAHAHHAHAHAHAHA

RANK 592 AFTER THREE YEARS. THREE FUCKING YEARS

HAHAHAHHAH YOU PHYSICALLY AND MENTALLY CANNOT MAKE THIS SHIT UP

FIVEHUNDREDNINETYTWO AFTER THREE YEARS!!!

THREE

FUCKING

YEARS

HAHAHAHHA

>>21145295
Lol, go check Akro. It was 750 and now 150. Check band, it was 500 and now top 50. You are stupid.

>>21145295
Check back after the oracle pools go live and it is integrated into yoroi wallet. You are getting this price right now because it is not in a bigger exchange.

>>21145374
And, you are the only fudding here lol!

>>21145453
>muh check x and y
BUT ERGO IS NOT X AND Y AND IT HASN'T BEEN FOR THREE YEARS HAHAHAHAHHAH

that's like someone laughing at you for being a poorfag and saying "look at Mike Tyson, he used to be poor too". Yea but you're not Mike Tyson.

>>21145453
>You are stupid.
Am I? I am holding Chainlink and you're holding this Russian scam HAHAHAHAHHAA. Look at the charts and tell me who's stupid?

>>21145583
just buy as much as you can all day every day
cut down on everything and just fucking buy buy buy
this is Lend below $.005
this is LINK below $.20
hello? same market maker as ada?
hello? Oracle?
hello? Dex?
hello? Stablecoin?
hello? Smart contract?
seriously, what more do you want from a team?
if you're playing with scared money or money you can't afford to lose then just take out your initial after it 10x which is pretty much guaranteed, and let the rest ride.

>>21145231
There was no oracle hype back then. Nobody understood what it means. Now every shitcoiner is looking for next chainlink and next band. And which shit coin didn’t dump by > 95%. Everycoin of last bull market will hit their ATH in the next. As per coingecko, ATH of ERGO was $29.58 on April 27, 2018 which is 98X from here.

>>21145583
Yes, you are. I hold big fat link and ergo stacks. I hold both. And, you know why ergo is real competitor to link not band, dos, zap, TRB, blah blah.

>>21145583
There's no denying it has flopped so far from a price perspective, but it's ridiculous to call it a scam. The body of work behind it is publicly available.

>>21145734
After three years it's not even in the top 100. You fell for a Russian scam KEK
>>21145820
>I hold big fat link and ergo stacks
Holy shit how retarded are you? Even if that were true that would still make me smarter you turbo retard.

HHhAHHAHAHHAHA the amount of seething samefags. Fuck Russians. Fuck these slavic nigger scammers. Thank goodness 4chan is not dumb enough to fall for these subhumans

>>21145890
(Wakes up) The birds are singing, the flowers are blooming, my dick is throbbing, what a beautiful day for acccoomulating. Good morning Alex, I've been awake for 20 whole seconds and I haven't accoomulated yet. It's time to hope on my porn throne and machine gun jackhammer my bloodshot death-grip bloodshot semi chub with my roided doomfist once again! (Set bids on Hotbit). SNNNNNNNNIIIIIIIIIIIIFFFFFFFF** OH GOD (FAPFAPFAPFAP) FUCCKK, HUHGHU, SNIIFF, HUHGJGUHHGUGHU (MARKET BUYS) I-I-IM COOOMING!!!!! IM COOMING, IM COOMING IM COOOMING IM COOOOOMING COOOOOOOOOOM, COOOMING, FUCCKKK, AHHAFHHAHUHG, COOOOOM, AW FUCK ITS EVERYWHERE, COOOOOM, AWGAHUGHAHG. Aw fuck, aw fuck. oh jesus. ahhghhha, there you are, my slippery white goo to the world, my Ergo my Alex Well, it's time to get breakfast...well a little accoomulate first wouldn't hurt.

>>21145890
You fucking retard. I bought stinky at 20 cents.

>>21145890
so you must be smarter than the CEO of Smartcontract where Sergey worked. You must be smarter than the Director of Cryptography at University of Maryland and Director of Science at University of Virginia. I'm sure you are smarter than 3 google scholars working on this project.

>>21145890
Retard, go check the team first, not just contributors in github.

>>21146053
Exactly rode it to 10$ now I'm flipping it to ERG at 20c. I'm going to ride it all the way to 10$, possibly 100 since the supply is so low

>>21146269
We are all in this together!

>>21146426
how about you stop samefagging you stupid Russian agent?

>>21146426
i just bought 5k, I trust you..

>>21146495
Nice anon. Good luck.

>>21146495
Thats 50k right there by EOY

holy shit how come nobody mentioned this project until now

>>21147186
coz nobody wants to research, biz only like to ride the freaking scam Uniswap crap

>>21147426
Yes. Biz is absolute shit nowadays. Ergo is new biz project, screen cap this. Link marines are invited and welcomed too.

>>21147186
You are welcome!

>>21147186
biz hates money