I have been on the fence about chainlink and I do see the long term benefit of a decentralized oracle network but I am thinking there is not currently a market.
Take a look at the chainlink contract -
ropsten.etherscan.io
There is no testing. The little testing that happens (once every couple days) is a an api for eth to usd. You would think you would at least see ONE custom oracle contract on the chainlink test network but there are absolutely zero custom tests...only the eth api sample.
Plus, once you stake your tokens they can never be unstaked or sold.
And on top of that I have not heard of one major company considering using an trustless ledger like ethereum for smart contracts. The few major companies that are "exploring" smart contracts are going with corda which has oracles by default and since the network is trusted then they don't have a specific need for decentralized oracles.
>on the fence
>about chainlink
>chainlink fence
Plus, do you really want to invest in project with a dead CEO?
ICO holder here, the lack of activity on the test net is definitely alarming. I don't buy the "COMPANIES WILL USE THEIR OWN PRIVATE TEST NET" bullshit, that sounds ridiculous.
LINK $1000 EOY CONFIRMED
everyone knows that chainlink is just a meme on biz, no one actually owns it or thinks it'll suceed
...wait, really?
And people on this board say main net soon but I researched the project and here is my best estimation of what is left -
Right now test net allows you to act as your own oracle.
There is no network - to create the oracle network - 2 months
Aggregation of network - 2 months
Consensus - 2 months
______
Now you would have a network of nodes that can retrieve orders and come to a consensus...I see this point being end of year at best.
But then you have to have reputation providers, reputation scores, etc. Also, a whole process on bidding for jobs etc. Its not close to as simple as running an eth node.
This right here another 3 months. - now we at march 2019.
Then once everything is on test net I expect 3 months to test code contracts and bugs before launching on main net...hopefully by then there will be actually testing.
You are a retard.
Also, there are still 105 items in icebox. This is after the team took over half the items and put them on the scratchpad.
Oooo noooo it takes a finite amount of time to complete tangible work better sell guys and buy a real project like trxxxxxxD
Close your eyes, try to clear any thoughts you are having
Take long, slow, deep breathes and put all your focus and attention onto your breathing
iiiiiiiinnnn.................... ooooooooooooouuuut
good. Do this for a few minutes, then -
VISUALIZE yourself becoming rich through your LINK investment
ANTICIPATE the things you will buy with your new found abundance of wealth
IMAGINE as though it is all happening now in the present moment, for the present moment is all that truly exists
MOST IMPORTANTLY
FEEL the way you will FEEL when that moment comes and you make it!
FEELING THE EMOTION IS MORE IMPORTANT THAN JUST VISUALIZING THE IMAGES!
Now open your eyes, look in a mirror, and recite these affirmations (use/add your own that is relevant to the reality you want to create once you make it)
I AM RICH
I AM WEALTHY
I AM A MILLIONAIRE
LINK HAS GIVEN ME INFINITE ABUNDANCE
It's important to do this when you wake up and before you go to bed, but do it as often as possible. Also hold the image and idea of us making it and LINK being worth $1,000 or more in your mind as you fall to sleep.
WHEN WE DO THIS COLLECTIVELY MY LINK BROTHERS, THE UNIVERSE WILL SEE TO IT THAT CERTAIN EVENTS, PEOPLE AND CIRCUMSTANCES WILL ALIGN AND BE ATTRACTED TO US - THAT WILL ALLOW OUR DESIRE TO MANIFEST INTO REALITY!
I love you all
top kek this fud is so fucking nostalgic
like holy shit
It was fud originally but now months later since test net was launched its serious concern.
You are a MANIAC!
jesus fucking christ the ico has been almost a year ago why the fuck are people still talking about this absolute shitcoin, hop on the new trend already, fucking retards
Anyone asked them about the intent of the test network on slack?
This highlights a point that the whole crypto community is missing about smart contracts:
The promise of smart contracts isn't to have deterministic code that transfers ETH, it is to take the promise of blockchain (immutability, unkillability, trustless execution) and apply it to the real world.
In order to do that smart contracts have to work with existing business practices and must be able to show value without a huge hurdle to adoption.
The contract must:
• Execute in the local currency using existing bank accounts
• Have language that is understandable to a legal department, not just coders
• Use existing methods of endorsement to legally trigger the contract
Guess who had the foresight to know ALL of that before ever launching their project?
Chainlink
• Swift partnership which grants exclusive access to banking APIs which can freeze funds, check balances and transfer funds using existing bank accounts in local fiat currencies
• Zeppelin_OS, Reportix and all the other human-language smartcontract front ends partnerships to make Chainlink nodes the default nodes for data and API access for the actual people writing high value contracts in the corporate world.
• Docusign partnership which takes ESTABLISHED digital signature platform which already has legal precedent and is understood to be valid in the business world to use cryptographically secure triggers, linked to each entity, to start contracts.
The only people who could have seen all of these things years in advance would have insider/VC experience and have experience in the smart contract world back when blockchain was a novel concept.
If Chainlink doesn't succeed, smart contracts won't succeed in the foreseeable future. Docusign knows that, Swift knows that, Intel knows that and they all want a piece of the cash cow.
Sergey is a genius.
dude... SO ARE YOU
you are in every fucking thread saying the exact same shit
"the definition of insanity is doing the same thing over and over and expecting a different result"
This
Sergey has been having wet dreams about mainstream smart contracts before bitcoin was a thing
>underrated
>doesn't understand memeposting
>doesn't understand memeposting
Idiot
>perfectly, poetically, succinctly, rationally reasoned
The certainty of ChainLink succeeding is like the certainty of winning at the Texas Hold'em table with Ten, Jack & Ace Suited on the Table while you hold Suited King & Queen in Hand.
>go all in
Kys newfag
link #2 7 March 2019
you're really not good at this
docusign.com
if Sir Gay dies you won't
this is how i know you're retarded. EVERYTHING in the icebox DOES NOT have to be completed. where the fuck have you been the past few months. this has already been confirmed by the team.
You got duped user get out now before $0 eoy
the problem with hired or co-ordinated discord FUD threads is that they're just too active from the get go. One person posts the FUD and then far too many swarm in thinking their stupid attempts at driving people away from this project on this board will actually work. Jesus christ, no one involved with Chainlink or any of its potential partners give a fuck about any of you. If the tech works, it works. Full stop. You people need to find real meaning to your life. A Japanese tentacle porn board isn't it.
japanese tentacles in your freshly brightened, with 20min crest whitening strips, anus? sure, it is your anus after all. no one here judges you..
I havr 10k links i fall for the neme and though this will open the doors to lamboland
But
I have read all the replies and havent evidence to discard the lack of test so its real and no one its interestef on this shit
Please biz tell me the truth
dude just stop already. put your mind towards cold fusion or something useful.
chainlink is the best thing ever made by a human
what's there to test if there is no consensus and reputation mechanisms?
what exactly do you want to test now? especially as a customer.
This is a testnet for node operators, for customers it's still too early
It's crap dude, it's a deluded circlejerk from this point on.
very good user now youre thinking..we are so far away from completion and no one wants to test yet.
main net 2019
>very good user now youre thinking.
I don't need your stupid approval
>we are so far away from completion and no one wants to test yet.
that's your wishful thinking. Customers will start testing as soon as those things are implemented. Your "2 months for this, 3 months for that" estimations are worth as much as my dog reading from the stars.
So better sell and buy something thats its profitable now and wait till mainet if they deliver on 2019?
Bought 1k linkies for suicide insurance
Guys i'd be surprised if LINK is under 3$ may 2018
kys idiots
Yeah lol, you thought it was real? On the deep crypto web, 16chan and some other secret semi-clearnet forums we conspire continuously to bait retarded autistic newfags into buying shitcoins so that they will never be successful in life and will never procreate. We are preventing them from spreading their backward genes and degenerating the human race, we are literally doing God's work.
Whole market crashed, if the parabolic rise had continued we would be well above $3 by may.
Cold fusion requires a massive amount of infrastructure and governments aren’t providing enough funding for it to moon anytime soon. Link will moon before cold fusion becomes viable.
I'm capping this for when eoy comes and no main net...so much delusion
Funny how you retards keep moving goalposts for vechain, but keep making excuse after excuse for link.
OP do you understand what the test net consists of right now? It's a single node that you can point at an API. Almost nothing new or interesting beyond what was in the Ruby version. There's no reason to think companies would be interested in testing at this stage, as it's still in alpha and nowhere near completion because the compelling part, a trustless decentralized oracle network doesn't even exist yet.
>There is no network - to create the oracle network - 2 months
>Aggregation of network - 2 months
>Consensus - 2 months
You are literally pulling these numbers out of your asshole
working oracles github.com
If you call this serious fud you better be a 11yo because if not you must be a total cuck manlet who doesn't have a clue about life
Serious fud will be sergey getting killed
This can't even count as direct competition, but just wanted stir things up and get some opinions about this. Seems serious though? What do you autists think?
why don't you try it only a two man team, very poor fud again
>weeve
eh looks like a shit hope to be of what gravio is
>the problem with hired or co-ordinated discord FUD threads is that they're just too active from the get go. One person posts the FUD and then far too many swarm in thinking their stupid attempts at driving people away from this project on this board will actually work. Jesus christ, no one involved with Chainlink or any of its potential partners give a fuck about any of you. If the tech works, it works. Full stop. You people need to find real meaning to your life. A Japanese tentacle porn board isn't it
they seem tired, the incessant fudding and self loathing has eaten away their souls
Does anybody know what happened to his other projects like the Secure Asset Exchange? Did it fail and if so how?
>be right for months
>we are the idiots
I still have my money
Don't forget about CryptaMail, another one of Sergey's abandoned projects.
cryptamail.com
Secure Asset Exchange went into bankruptcy - all the petty cash was spent on Big Macs.
Does no one remember they have private repos. It's not like they would put out the most valuable part of their code before release.
fuck this coin go for SKY, much better. as you know by now, it s all about blockchain 3.0
dont let your bags get heavy of link, this shit will dump hard like a dogs shit that was run over by a car
Sergey is shit leader and of course all of his projects will fail.
Shut down by the government for being too awesome of a tool does not classify as being abandoned faggot
do you even trust your coins? i m into SKY balls deep, know the wait will be worth it
Thats just because of the medula oblongata
Lol another Sergey abandonment.
This might be a concern
False
Again false been over the last two points many times I'm not doing it today.
I knew it
just sold 100k
This nigga straight up invested in early League of Legends
this guy just can't stop failing
LMAO pageets confirmed
qedcap.com
kek..it just keeps getting worse
chainlink fence is the scaling plan
God-Tier FUD. Very nice.
dude... SO ARE YOU
you are in every fucking thread saying the exact same shit
"the definition of insanity is doing the same thing over and over and expecting a different result"
We all know that node operators will be paid in LINK.
Does this mean companies will have to go to binance to buy it before they can make a contract?
buy from sergey... otc. the ones that can't get from him will buy from exchange
If i remember correct there should be also coming exchange in smart contract.com page.
That is what I thought but I coudlnt' remember where I heard it. I just assumed that companies would just pay for the smart contract service in FIAT and the link token would be included.
No... swift and friends developed / help implement in the system they will sell it to other giants. Most of this space will be automated too. It will be how AI charges other AI. Instead of people filling reports, editing reports, requesting affiliate companies for reports, implementing their reports to your company’s database.. etc. Literally all these companies are moving to cloud with easy interfaces. Enter data boom. Company wants to use said data, ai grabs payments through chainlink network paying the company micro payments for using their data.
Oh you have a profitable website, want to sell your metadata of customers buying from your website to advertisement firms? No problem. Btfo google search engine. Google search has wicked good guesses what you can buy, but they don’t have individual data on people making the transaction or not. Now not only can companies sell shit they can also double dip on the data sales. Although google will probably get into this business too. Which is good, more money for us. Literally the only data we had before was contained in FB GOOGLE AMAZON. But now this gives every other company the ability to monitize metadata.
Rather than Facebook becoming a lumbering giant and continuing to divulge data to Cambridge Analytica et al., their blockchain department are looking at selling their databases via APIs into Smart Contracts as this will increase profits considerably. Projects which incorporate API technology to allow communication between blockchains, and Smart Contracts will facilitate the API Economy, its boom, and consequently the Fourth Industrial Revolution. As websites are the communication portal to internet, APIs are the communication portal to blockchains and Smart Contracts.
Yea, that’s what I was trying to get it. You said it much clearer, thanks.
Also in your opinion how do you think it will work. Bob buys bread at Walmart using his visa for 5$. Walmart try’s to sell this as data to Sally who is unsure whether Walmart is telling the truth that the bread is 5$. Bread_getprice is called for and oracle randomly select 10 groceries stores ranging prices from 5$ even. Walmart’s best price guarantee, actually calls all bread prices in that local region and automatically matches them at checkout. Sally wants to be sure that bob actually bought the bread and was present at that time. Sally enters visa API_getinfo_onbob. Cryptographically secure and private bob did use visa at Walmart buying the lowest priced bread. Sally confirmed this data as true and is regretting spending 200 link to pay all these companies on one data point.
I’m cringing at my spelling. Tired brainlet reporting
You're right. Basically the smart contract creator would be paying for the contract creation (which includes the fee that will be converted to link to pay node operators)
apis may well be the 4th industrial revolution but they don't need blockchains.
API can generate whatever data. How do you verify it’s authentic? That’s the issue. It’s like if I killed you and nobody saw. Well whose telling the truth. But if 1 person saw ya maybe. Maybe he’s your friend. But if 100 people saw well them more than likely I’m fucked.
But this doesn't tell me how a smart contract creator is going to aquire the LINK with which to pay the node operator.
Will the apps that use chainlink charge a fee?
See my Walmart example
Sally wants to buy Walmart’s data via their API. Walmart could cook the books and say oh ya bob spent 100$. Walmart generated 1billion today. How do you prove that? More sources, that’s why I included visa in the example. Also the US is pretty good, not perfect. But think about china . Their books are fucking whack. So now think on a bigger scale. Whose gonna do international trade with China if America and Europe use a trustless system. America and Europe know their getting Nickeled and dimes by China, now if everyone is forced to use transparency, different story.
Don’t believe me, watch that China hustle movie.
You will never see chainlink. It’s B2B. It’s companies trusting each other. Why do you want API data ? Seriously, you don’t need it. It’s a protocol for trust. Do you know how a magnetic stripe works when you swipe your credit card? Probably not. You trust it. Same as companies being able to trust each other. You will never see chainlink or hear about unless your a nerd. That’s why they don’t market this shit.