As an oldfag (been on Jow Forums since 2016), I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept: Companies won't actually go through the hassle of trusting their data API's through crypto.
Now I can already hear your keyboards going frantic, but hear me out. Jow Forums hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.
'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have high reputation, but in real life not on a computer screen.
The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Eth hit. Happy gambling though anons
2009 newfag masterrace. sensible chuckle @op's faggot attempt at bait.
Adam Hill
2005 reporting in was here for all the memes desu. Was also here when Jow Forums Got Hijacked by snacks. I've been here too long, I just... I just can't leave. It's like that song you can check out anytime you like but you can never really leave.
Luis Brooks
>twf im in the NSA now
did i do the 'greentext' right?
Parker Stewart
Cancer reporting in.
Tyler Ward
i used to be a newfag tho.. i guess the boomer meme is priced in
guess I'm NSA. What can I say, finding this site was like finding a place I should have joined a long fucking time ago. As you get older, and a lot of you will realize this as you get older, you just lose the will to fit in and make a name for yourself. It's much better to post whatever you want on an anonymous image board. I was always kind of an outcast autist obsessed with the internet, but back in the early 2000's and shit I was too afraid of "the dark corner of the internet" meme and "hackers" to ever come to this site, and then I forgot about it until like 2016
