Why can no one debunk this ultimate FUD?

This is true and debunks the ultimate FUD.

Kekking at all these stinky linkies trying to cope after getting PAJEETED

Vitalik is right on both. I don't own either ETH or stinkylink because they're both trash but if I had to hold one it sure as fuck wouldn't be stinkylinkies

>the global demand for moving information on and off blockchains is worth less than $32 million
How is this statement remotely defensible?

there is no market for decentralized oracles since there is no other decentralized oracle with off-chain capabilites chainlink creates the first one how do you know 32 m is too much ??? how do you value something currently doesnt exist ??

I'm not a link holder, but even I can see there is nothing to debunk. It's one man's perspective. Vitalik believes that oracles are not such a big deal at this time and if the need for them arises they will be built. He's also a communist and this should explain a lot.
The conflict with link bagholders is mostly an ideological one.
Vitalik looks at oracles kinda like at a commodity.
Linkies look at oracles like this huge untapped market that must be monopolized by Chainlink.
That's all there is to it.

Protip
It's not called FUD when it's an honest fact.

>authoritarian communist dislikes a unique project because he feels they raised too much money
>while openly backing Kyber, which raised almost twice the money and is another DEX in a long list of DEXes

Really makes you almond.

He means that oracles are worth much more. Hundreds of billions / trillions.

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Yeah, meanwhile he shilled for Kyber, which raised 50M and is just another decentralized exchange.
So no, it's not the ICO money that peeved him. Even though that's what he's trying to claim.

Makes a lot of sense put that way actually

>decentralized network
>monopolizing anything
Doesn't really compute.

try not having shits for brains then. Maybe it will make sense.
If all the oracles in the world are powered by chainlink, that's a monopoly. A monopoly with a decentralized tech, but a monopoly nonetheless.

Lets say that 10 years from now, the scenario above unfolds. You're random faggot that thinks he can provide a better oracle solution than chainlink. You build it but nobody adopts it because everything already runs on chainlink and nobody cba to switch. By your logic that's not a monopoly cause it's decentralized.

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STINKY LINKYS DONT STAY STINKY FOR LONG

THEY GET HOPE FROM THE STINKY LINKY SONG

STINKY LINKYS DONT STAY STINKY FOR LONG

THEY GET HOPE FROM THE STINKY LINKY SONG

Having a monopoly on a decentralized system is kind of a contradiction.

this.
We basically told BCH people to remove 0-conf and just make block time 15 seconds for "coffee purchases" - and have people wait 2-3 confirmations.
He's never even been in a supermarket, lmfao, he's a complete retard for everything non-technical

Vitalik also said that NANO is the worst ERC20 token he has ever audited, so... don't take his thought for nothing serious.

He’s talking about how if chainlink is the only solution to solving the off chain data problem then it’s going to have a monopoly on the market of doing so. You’re conflating the tech aspect of decentralization with the market need for decentralized oracles

Decentralization isn't just about tech. It's about removing central power.

Monopolies are not only about central power, they are also about:
"Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods"
>a lack of viable substitute goods

From the perspective of the users/nodes it's not a monopoly, but from the perspective of a competing developer it would be the mother of all monopolies.

He said ETH was overpriced at $7
/thread

Call it competitive advantage or whatever. Real monopolies are actual shit but of course anyone can come with something better (maybe cheaper, maybe more secure...) and they can choose if they want this or something else. It's not like you can force a monopoly through faith, this isn't water.

source?
>This is the part where no one replies because he never said it

It'll be a "monopoly" in the sense that it'll be the biggest (among others because it's the first of its kind), but that's how internet-based networks tend to work out.
Anyway, there's no way for the people behind CL to exploit their monopoly in any meaningful way since it's open-source and decentralized, so the negative connotations of the word don't really apply.

And in the case of open APIs for instance, anyone will still be able to address it with their own homebrew oracle. It'll just be less trustworthy and transparent than using the premier network, ironically making it more "monopoly"-like than said premier network.

Their can be multiple decentralized solutions to problems yeah. There could be another system like chainlink that could come in and improve what they started... I think you’re missing the point. The point is that they are going to get the edge and monopolize on the market as the preferred system of decentralized oracles if they deliver what they say they are. No on is saying that within their system there is a monopoly of power..? The system itself would grab a foothold on the market if it’s the only solution out there. It’s a temporary thing in my opinion though, Sergey talks about this in a few of the vids I’ve seen of him actually

I know what the "monopoly" thing was trying to say, and if CL does become the premier DEO (decentralized oracle) network, it would be technically considered a "monopoly".
But in the world of decentralization, the term doesn't really apply. In fact, the terms "decentralized" and "monopoly" are in a significant way antithetical.

In the same way HTTP has the "monopoly" on "the internet", but in reality the internet is the antithesis to "monopolization".

it wouldn't be a true monopoly though because it is decentralized.

It's similar to how one company builds and owns a railroad track and several other companies use the railroad track.

Sure another company can come along and build their own railroad track, but there's no point when they can just use the existing railroad track (until there's too much traffic which could potentially happen in the future to chainlink)

I can explain further. There's literally nothing stopping a company from building their own railroad track, but there is no point in them doing so if there's already a railroad track built that they can use.

If one company owns all the oil, then that's a true monopoly, because you can't just go a build an oil rig anywhere you please. A railroad is completely different though, because you can literally build your own railroad right next to the one your competitor uses. You can't corner the railroad market.

>It's similar to how one company builds and owns a railroad track and several other companies use the railroad track.
This.

>(until there's too much traffic which could potentially happen in the future to chainlink)
It depends on the blockchains used by most Chainlink users.
If one chain gets congested, the users could simply choose to specify a different blockchain. Contracts could even have a priority list of blockchains to be used if a certain time is exceeded.
Only thing that will remain tied to ETH for the foreseeable future is the token traffic.

so why would someone pay to use chainlink instead of copying everything and building their own railroad.

its what ark is doing. they just focus on code excellency then allow everyone to copy in 10 seconds and have their own ''railroad'' operational.

Why would you want to copy it when you can just use the original that everyone knows and trusts?
It's not like you're going to be getting a cut from every transaction or anything.

LINK will be the final JUST. When it turns out it doesn't make us rich we can all accept being losers and kill ourselves.

Vitalik is butthurt b/c he sold ETH too early and missed out on his chance to make millions.

Why are you so mad?

?

He didn't seem mad at all are you just fucking retarded?

Larger ChainLink network grows the more decentralized it becomes.

easy. it's extremely easy to argue that oracles are worth more than 32bn.

I really think we (/biz) have enough manpower and shared common interest to flood the crypto forums and the internet that Chainlink has exit scammed.
It would be an absolute blessing to get it back to 0.16$ or lower.