Meanwhile in Enigma dev labs
Chainlink BTFO
Michael Bailey
Joseph King
>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
Caleb Martin
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"
Liam Ward
>literally EVERYTHING will be on one single chain
what a retard lol
Lucas Williams
The LINK shills are pissing so many people nowadays, it is turning into a race who will btfo Sergey the hardest.
Parker Garcia
ENG CEO thinks ENG will be developed into CHAINLINK & ETHEREUM combined into a blockchain platform?
ENG is already below ICO price...
Owen Young
> 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.
Elijah Hernandez
>and nothing of value was lost
I hope those russian pajeets get rekt.
Luis Campbell
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.
Ethan Hernandez
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.