Chainlink BTFO

Meanwhile in Enigma dev labs

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>A B.A of philosophy and managment l, and the creator of 5 failed or never delievered crypto “solutions” is going to out deliver a team of MIT Media Lab and Sloan graduates with Alex Pentland on the advisory board.

You are going to remember these days when you had the opportunity to escape a life of wagecuckery/debt but instead chose to go all in the total shitcoin Chainlink. Then you will promptly look at your bags one last time, see that -99% return and pull finally pull the trigger

but you have to appreciate how our boy Serg just slipped in off chain computation via secure enclave as an additional use case.

I mean, it's a hilarious 'fuck you' to enigma, like "not only is your multiparty computation convoluted and unnecessary, but chainlink consumes your entire use case as a mere afterthought"

>literally EVERYTHING will be on one single chain
what a retard lol

The LINK shills are pissing so many people nowadays, it is turning into a race who will btfo Sergey the hardest.

ENG CEO thinks ENG will be developed into CHAINLINK & ETHEREUM combined into a blockchain platform?

ENG is already below ICO price...

> revealed they had incorporated enigmas main usecase easily
> also trying to use mit appeal to authority when fucking ari juels cowrote the whitepaper
> github has contributors from known devs of some of the largest tech companies in the world
So fucking weak. Get your 1k link suicide insurance stack.

>and nothing of value was lost
I hope those russian pajeets get rekt.

He's right in that Chainlink is essential to integration with the old world. This will star the process of migration that will end eventually, making chainlink obsolete.
If all relevant data is onchain, why do you need oracles in the first place.

Oracles offload calculations off-chain.
This has many advantages:
- more security/privacy (better obfuscation)
- less strain on the underlying blockchain
- requires only a very simple underlying blockchain
- the system is blockchain agnostic (among others meaning the network of oracles can be infinitely larger than if it served only a single blockchain, and in decentralization bigger is in itself always better)

In general; having a separate oracle layer allows both the blockchain and the oracle layer to be MUCH more flexible, reach their full potential (in terms of size, efficiency, simplicity, modularity, ...), have much more streamlined development, etc.
These advantages will never go away.

Sure, players could create/use a blockchain that integrates oracles, but it would be an unnecessarily involved and costly effort. Especially when public solutions will undoubtedly offer much greater ease of use, cost savings, and security due to the much greater consensus.
And then there's the peer-to-peer aspect: regular private persons are still very much the majority, and when they start using smart contracts for things like banking, insurance, etc., they will make many of the parties that would favor using private blockchain/oracle solutions (banks, insurance companies, ...) obsolete.

For instance: remember that Bitcoin has been seeing very intense development over these past many years, and not only is it still not anywhere near where it should be to handle basic things like traffic, but the development has also split off into multiple directions because of disagreement.

This is why blockchain/DLT and oracles will likely always remain separate.

Why is that beagle such a fucking dick?

Sergey is blasting the asses of these guys.

Link drinks Enigmas milkshake

ENG has terrible token economics. Their project could revolutionise the world and you won't make a penny from it.

Enigma will allow for secret/private apis while link is only really useful with public apis

:)

Okay this is really retarded and probably just shilling before the exit scam desu but he has a point. If blockchains end up being really that much better at handling and securing networks of any sort (banking, video platforms, social media) then there will be probably better long-term solutions that don't rely on chainlink but have other decentralized consensus, meaning there won't be off-chain data in the first place, most data will be created and stored on-chain to begin with.

For example a decentralized AI network could compute many sorts of data like weather or other stuff and that data would already be validated on-chain.

This is a dumb bitcoin core reasoning. I am not a fan of Bcash people but they have a point, you can't just assume that blockchains aren't supposed to scale and we just plaster more and more off-chain layers therefore reducing security and decentralization and in the end just recreating old school centralized networks.

>if all relevant data is onchain, why do you need oracles in the first place

holy brainlet, batman

Based Steve

Its funny to think that some basement dwelling anons unironically know more about oracles and blockchain than this brainlet, based of some of the continual discussions I've read on this board.

Nigga, are yoi serious? And how the fuck do you think the data on-chain is going to be updated periodically?

>If all relevant data is onchain, why do you need oracles in the first place.

If you don't know this answer, stop typing and close your browser. Do not ever post here again. Seeing this question is almost embarrassing.

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>If all relevant data is onchain, why do you need oracles in the first place.
Holy fuck you're right. Thanks user just sold all my link

Kek

How? It couldnt

I don't get it either user but seeing you get completely BTFO'd by fellow anons make me more confident in my all-in link stack

can you have a hurricane on the block chain? You still need to to be able to account for things that happen in the real world

You cucking fuckface. Do you see anyone using windows 98??? Unbelievable, why the fuck do you think there is a testnet? To fucking test the product, you fool. Does your tiny little gaybrain really let you believe that a product just comes to existence after one try? A masterpiece doesn't spawn. One needs experience. Learning from ones mistakes (like your parents should have after their first daughter) is essential. How the fuck do you think a meme works anyway, and I mean the Daniel C Dennet one (who ironically copied it from someone else) , and not the funny pictures your shitface sees.

sorry, but where did they get "btfo"?
lol sad.

>For example a decentralized AI network could compute many sorts of data like weather
this absolute fucking retardation

>band-aid solution
Love seeing idealistic academics freak out after seeing a realistic enterprise implementation of their ideas that actually bothers to integrate with the current financial and social system instead of replace it. I'm sure they think link bastardized their dream of a an anarcho-communist utopia. Oh the salt in the next 5 years will be so much fun

fudders gon' fudd linkies gon stinky
$1000 eoy

Yes chainlink could be obsolesced when everything is moved on chain. But do you even realize the amount of full societal overhaul that would take? The fabric of companies, governments, and capitalism itself would need to be rewritten. And even if that pipedream were to to occur it'd be decades down the road, more than enough time for chainlink to serve as the "bandaid", as the Enigma team so eloquently put it, that lets smart contracts be usable in the next 5 years without having to rebuild the internet.

Literally this. No one talks about it but as soon as some NEET forces it down their throat suddenly they s oy out and start dropping LINK FUD - same happened with Oraclize devs topkek

Chainlink will always have a use. Large companies that aren't already on the cutting edge don't like updating old but working infrastructure. More like 30 years for everyone to get onboard with their legacy systems. Even then, block chain still needs a way to communicate outside of it, which is where oracles will come in. You can't funnel the entire internet into block chain.

wrong you obviously didn't listen when it was stated nodes can run api requests and owner of said node would not have any idea what its looking up. Private keys

This guy seems pretty asspained desu

>- more security/privacy (better obfuscation)
>- less strain on the underlying blockchain
Very helpful post. Thanks. Have been following CL for a while but only recently came to understand the significance of these (ironically, partly from reading about (maybe) CL competitor Oasis labs).

I understood the point of Chainlink to be focused on “real world data” e.g. “what is the price of zinc on date x” or “how much rainfall was there in region y during month z”. Yes, those are HUGELY important use cases — for a derivatives contract or for crop insurance respectively.

BUT, I did NOT also see, until recently, that an oracle is ALSO hugely helpful for handling commercial contracts that involve, say, lots of confidential data that you don’t want to put on the Distributed Ledger. Furthermore, they allow trusted computation to happen OFF chain, which is hugely important for scaling. Makes me even more bullish for chainlink actually. Very hard to be patient, desu.

>chainlink could be >obsolesced< when
fucking no you diarrhea brain, how would the blockchain then communicate with external systems?
Chainlink is needed for off- and on-chain data to communicate.
I honestly think this is bait. If it's not, you're an absolute fucking idiot.
"When everything is moved on chain". The fuck. What does that even mean. Are we going to put our fucking consciousnesses on a blockchain?
When *everything* is on-chain, chainlink will be the complete opposite of obsolete. It will be the single most demanded piece of tech - why?
Because we have to (remember, "everything" is now on-chain) fucking be *sure* that what goes on and comes off the chain is *trustworthy*. That's why we need decentralized fucking oracles. Not Oraclize the ambitious retard cousin.

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sergey is a fucking scammer who takes investment money and runs. Look at his job history. Chainlink will not succeed. The CTO of chainlink grades homework too.

Have you ever heard of Nxt? that was investigated for being a security?
>en.wikipedia.org/wiki/Nxt
>bitcointalk.org/index.php?topic=727488.0
>finextra.com/finextra-downloads/newsdocs/esma_call_for_evidence.pdf

Sergay
>CoFounder & CEO
>SmartContract
>September 2014 – Present 4 years 2 months

>CoFounder & CEO
>Secure Asset Exchange
>May 2014 – January 2016 1 year 9 months

>Cofounder & CEO
>CryptaMail
>May 2014 – July 2014 3 months

>CoFounder & CEO
>ExistLocal Inc.
>March 2009 – February 2011 2 years

look at the address for chainlink - hes trying to pretend they have office space
>50 California Street, Suite 1500
>San Francisco, CA, 94111

its a fedex drop scam. shared by
>webhelper.com/contact.html
>proffiliates.com/index.html
>india.williamoneil.com/corporate/contacts.aspx
>sasadvisors.com/contact

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Are you slow? We literally agree.

Thx Steve, your the best

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I seem to have not emphasized this enough because I was frustrated.
*Everything* can not be moved to the blockchain. There will always be off and on-chain data. And for those to communicate, chainlink is needed.
*there is no ticking clock on chainlink*
As long as blockchain exists - and its properties are useful in the real world - chainlink is needed.

reminder that guy zyskind started writing his thesis on off chain data computation 15 years ago, which is his life's work and is cited 400 times and is infinitely more qualified to talk about the subject than sergay or Jow Forums chainlink bagholders.
2nd reminder that sirgay has a philosophy major
and never finishes his projects.
3rd reminder that enigma launches in q4 2018 and will replace link before it even has a mainnet

>trips for truth because we all know linkies love numbers

Nice digits and ID Wank Foe

This FUD is so weak my sides hurt from laughing
Chain Link is Ethereum 2.0.

B/c
>Deshuntalazaiytion

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how is any of that fud? did you even read about NXT?

yeah that's what I was trying to get at, I was saying that the concept of moving everything onchain is so unlikely, that that line chainlink fud is pointless

Who cares? Ari juels is the primary CL advisor

I didn't read it, why would I read fud?
it's made up BS designed to trick me into selling

so you dont research the people working on shit you are invested in? smart move.

so even ari juels fell for the scam
sad

>Hi Everyone, this is Sergey Nazarov. I am indeed not BCnext
I wasted 5 minutes only to find out Link is legit

>all these brainlets attacking this because they think it's fud and are too stupid to understand
It's possible that at some point most things will run on the blockchain and diagnostic devices will operate as nodes.

>philosophy and management

and mythologies happen man.

You cannot make this up. Chain link is the chosen one.

spbp

Spbp

he was still the spokesperson. he didn't create chainlink either, friend.

Do you ever pull a muscle when you grasp for straws so desperately? Jesus christ you brainlets are just sad sometimes.

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It's not just about scaling though. Read the rest of my post.
Oracles by default do not belong fully on-chain.

WASM solves the Oracle problem. I-its over

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Enigma is done for

Digits confirmed. Fuck.

Pretty good project to be honest.

which is labeld a security, sergey is the speaker for it, yet he doesnt list it on his resume. while he lists chainlink.

interesting.

I’m balls deep in Enigma and loving every second of it!

smart man.

Chainlink ability to keep data private through offchain computation makes Enigma obsolete.

If you doubt this just ask who backs Chainlink, Consensys. They are 95% of the smartcontract market. And when we talk about mass adoption and then next crypto boom it will be through smartcontracts.

masochist?

this is interesting fud.

its insane that people still fall for link...its like written in plain sight how much of a scam it is and theres still a couple people buying it

Nice try Ranjeesh. Seems like there are only a couple people still fudding. You can tell by the language they use and their writing style. In fact, I'm replying to one now

How would you do this and have low enough fault tolerance for consensus to mean anything?

>intermediaries are generally bad
Lmao, Enigma is itself an off-chain added layer to blockchains.

I don’t think they can accept that they waste over a year on an obsolete product. The thing that enigma doesn’t have. EEA, working closely with Hyperledger, Microsoft cryptlets. Rest in piss enigma

enigma thinks its replacing ethereum

Enigma is to Chainlink what Tezos is to Ethereum

7 years to move legacy systems to the blockchain? Where is this number coming from?
>There are legacy systems from the 60s and even earlier still in use today. See archive.fo/HXUrr
Some countries give grants for R&D into migrating away from these systems because there is minimal incentive otherwise. Not rhetorical, is enigma or chainlink more likely to qualify for such grants?
>For many companies the risk and cost is simply too great. Realistically, the actual wait for full global decentralization is maybe 50 years out. Regulations (like PSD2) will become an agent of change for risk intensive cases within the next 7 years, but I have doubts that any mass restrictions on centralized enterprise services would be legal. Switching platforms for essential services is not a simple process. Companies that don't get much use case from distributed platforms beyond security are going to do the bare minimum to stay compliant in a decentralized word
>I'm personally concluding that: companies forced into positions where they may have to move to a decentralized platform, whether it be regulation or market demands, will need chainlink or similar alternatives to stay afloat until they implement their solution on something like enigma
>these guys could be working together (as all platforms should be) but the conditions of a speculative market & SEC result in manufactured controversy like this to protect themselves from price manipulation charges

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hes an actual idiot though. I saw some tweets of him asking some retad TA guy on twitter for advice or something. It was a while ago

Didnt assblaster said something about chainlink not being there forever ? for like 7 years till better solutions come ? Im 100% sure he said something like that.

this

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i don't know if he ever said that. Everyone screen capped his posts

Even if everything did move on the chain, you still need outside input to update it with values from the real world. Data entry, sensor data, blogs, user content. Chainlink is the IO of the computer that is block chain.