Holy Shit. I've just become a Linker after almost two years. I've been active in researching smart contracts a long time, and the off chain data issue bugging me for a very long time. then I slowly came to realise Link, and a few other quiet coins are the ONLY way projects like Ethereum or any top coin can deliver on its imaginative usecases. Nobody seems to talk about this. Even Vitalik is silent. is this what they big projects don't want you to know?
I became a Linker all on my own. I'm resisting the urge to become stinky and buy.
I've been active in researching smart contracts a long time, and the off chain data issue bugging me for a very long time. >and the off chain data issue bugging me for a very long time.
kek. these larpers studying techology just to make a cent on a dollar
Grayson Long
No pleb. i've been worried about the issue of off chain data for about two years since i begain my research into smart contracts.
I was always aware of Link due to threads on here but disregarded it as a meme. Its still a meme coin, but it has potential. maybe another off chain data project will be used, probably multiple, like angur or mobis. that is my point. we NEED these solutions. its impossible to use all of the imaginative causes that brainlets are investing into without some sort of link to the off chain information. For some reason Ethereum foundation never even talk about it. its like they sweep it under the rug.
I connected the dots and arrive as a linker. none of the biz shilling brought me here. im sure many linkers still don't even understand the extent of smart contracts.
Nolan Long
Your other thread was sufficient.
Robert Price
Some newfag falls for the link meme, what else is new
Gabriel James
>bought link >resisting urge to buy link
why has this place become so useless. what the fuck did you even say?
Hunter Fisher
i'm not buying it, but i realise its importance. it can't even be understated how vital off chain information providers are to smart contacts. its like a compacter without the internet.. marginally useful.
Fuck knows if link is the answer but we 100% without a shadow of a doubt, need something to provide off chain information. smart contracts cannot function otherwise.
Carson Foster
Chainlink is the solution to the problem, you gotta be absolute brainlet if you didn‘t find that in your research.
Lincoln Jenkins
A SOLUTION. another company could make one. but yes. it is a solution, an important necessary one.
Cameron Flores
Nope, chainlink has all the needed connections, nobody else has them.
oh now i understand you think you became a linker without buying. no you stink all on your own. flush yourself and gtfo our project. reeeeeeeeeeeeeee
Thomas Collins
waiting for it to reach 1C first then buying a big bag
Angel Clark
>yfw you realize that every coin&token on the market needs a trustless oracle to fulfill its promises. >tfw Chainlink will have a 300B marketcap in 5 years time
The only think i don't get is why Ethereum foundation don't build their own oracles at leas tin some iteration.
Lincoln Price
They are waiting for Link.
Landon Ward
surely it makes more sense to have a complete internal ecosystem if possible?
Jackson Bailey
>clearly did no research >asks retard questions
so whats your endgame?
David Morris
Read the EF mission statement and you will understand.
Jayden Lewis
Here's a thought I had. It would be good to have a "double layered" penalty system where a node only pays a fee of say 0.5% of the staked amount so that the job creator is compensated for the downtime or whatever failure of a node. The cumulative damage of the failing nodes would cover the economic damage to the job creator. Say I hire 50 nodes to make sure my payment of 1 million goes through at certain conditions and the contract will only trigger if 40 or more oracles give data. At any higher amount of failed oracles than 10 I will get the late payment fees payed by the 10*0.5%=late payment fee for the job giver of say $10 000 per day so the 0.5% node penalty would be $1000 at least to cover that. This could repeat for 200 days before complete failure. The collective staked amount locked at a time and for an extended period of time by the nodes would be $1000*200*50= $10 000 000 total network value incentive for the nodes making malicious behavior very costly. Every node would need to stake $200 000 in this scenario. With staking locking LINK in contracts for a time, job givers demanding stake amount in $ and many jobs going on simultaneously the LINK token if come to fruition couldn't be cheaper than $1000.
Thomas Murphy
By this model considering the circulating supply there'd have to be 10 000 such jobs as in the example per day with average time locks of 10 days for LINK to be $1k by necessity. That won't take years at all to reach provided NOBODY comes up with a better solution first. Deluded stink fag, give up!
Camden Hughes
Yes, let the meme energies flow through you freely, and you will make it.
Reality: - everyone just uses oraclize - augur just released decentralized oracles with a reputation-based model, similar but better than link's. Link is DOA
Alexander Bailey
please join the stank club sir
Noah Cox
why cant multiple be used?
Nathan Sullivan
There will be some number of nodes staking link as collateral but I bet there will be many that don't.
I wonder, though, if all transactions on the blockchain move value around, then it may become possible for smart contracts to require oracle's with staked value equal to either the value to be lost if the node misbehaves or some fraction proportional to the node's share of the total number of nodes used to provide the answer. In any case, if requiring collateral becomes popular, the market cap could simply reflect the amount of staked link at any point in time- which would be interesting if it had natural variations in time. E.g., what if more online purchases near Christmas time leads to more smart contract executions and more link staked?
Still, I suspect that the common case will be a smart contract that only needs one node with sgx. It's likely that most smart contracts will be for small amounts of value, such that only one sgx node is needed for trustworthiness, with the possibility of the node being maliciously turned off being accepted as part of the risk of doing business to save on costs rather than hiring two sgx nodes for redundancy. Using, e.g., two nodes instead of one would double the price to use oracles- a big problem if you use smart contracts to handle sensor data collection for delivering millions of packages).
Imagine if you could have the price you pay for oracle's but 1% of your contracts takes a few minutes longer to execute because it has to be retried after a malicious or unreliable node goes offline instead of providing data.
There are lots of domains where the data needs to be correct but not necessarily fast to arrive.
Gavin Diaz
It's overpriced tho
Christian Evans
Bad time is become a Linker. Facebook is about to take the CL code, make their own token, then have an 50% airdrop, so they can claim to be decentralized. Wonder which oracle will used then? From Facebook or from some fat russian weirdo.
Camden Martin
You’re right, the project doing such is called Akroma. Should check it out before stinking up your portfolio with link
Samuel Watson
Sergey is actually a genius and surprisingly normal. Notnanfatcrussian weirdo.
But yeah, the Facebook possibility is scary. I hope mainnet launches soon.
Adrian Hernandez
fud thread
Tyler Lopez
how is that even possible
Jack Gray
>after almost two years.
Luis Jenkins
Its not.
Alexander Martin
Your post contains 0 facts.
Owen Martinez
>What makes Akroma Oracles different than Zap, Gnosis, Auger, or ChainLink? >That’s a really big question, and we hope to answer that through many FAQs, AMAs, and blog posts.
Yeah sure ill dump link and pump my money into this.
Eli Hill
F A T A T
Wyatt Clark
Oh look, another pointless Link thread
Brody Cook
I have been studying relational informatics at a graduate level and I am more certain of Chainlink as a product and a future as I am of anything. Unironically $7,000 EOY.
Adrian Thomas
I can tell you didn't study finance, that's for sure.
Jordan Morgan
I'll fucking kill myself if anime neets become millionaires because they invested in a stupid meme.
I have 75k and I refuse to read the whitepaper or anything that isnt a Jow Forums thread. Im not even really sure what it does. Something like iexec I think.
Noah Peterson
I feel bad for everyone who sold at .17 cents. I'm serious. It felt like I was stealing millions from those plebs. The weak handed shall perish
Leo Miller
>After almost two years This shit came out like 9 months ago I was in the ICO for fuck's sake.
Logan Brown
Nolinkers zing themselves in ignorance.
Lucas Allen
chekd
Jaxon Rodriguez
hm?
Samuel Howard
>and a few other quiet coins are the ONLY way projects like Ethereum or any top coin can deliver You mean like Funfair's state channels? Yeah I was pretty impressed too.
