>"half of mainnet traffic could be lottery like randomness generation in trusted execution environments"
>"if anyone has a better more reliable way of providing randomness for smart contracts come talk to me"
Financefags explain this. I get all the other use cases, but where are high volume reliable randomness generation events valuable in smart contracts?
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Gambling
Bumping for interest. Half of main net traffic sounds excessive, but I have no actual idea
you think Sergey sees half of mainnet traffic being some kind of high stakes gambling via smart contract?
God I hope so, Gambling is the most likely first use-case for crypto
Are there any kind of frequently executed financial transactions that require some kind of randomness generation? Like a randomly variable interest rate for a bond? Does that exist?
Not gambling, but certain kinds of arbitration, would require trusted random generation
I think he was saying half of ETH mainnet traffic now that isnt token trading is gambling contracts.
I don't think sergey sees that as the future, and I'm sure vitalik is salty that its the present
Go on please
This is what I interpret it as too
He said half of mainnet traffic is CURRENTLY gambling, not that it's going to be half of traffic in the future
That, or...
>Truly random numbers are absolutely required to be assured of the theoretical security provided by the one-time pad — the only provably unbreakable encryption algorithm.
Intel sgx could ensure that trusted hardware creates truly random data, and the node operators don't even know what's the data. Chainlink could create the most secure encryption algorithm in the world.
That's assuming intel sgx hardware doesn't have a government backdoor...
That's pretty huge if true. That would make Chainlink the ultimate protocol and allow the biggest companies in the world to utilize public platforms
can't tell if bait or retard
>if true.
of course it's true. what is there to doubt?
This
this is why I come to Jow Forums
fuckyouchokeonaidsniggercockanddie,
user
please give me better ideas, my crytpo will work I swear
-sergey
enlighten us genius
Just win baby
Fuck name a more secure way to get random numbers PERIOD. Imagine businesses paying in LINK for randomly generated numbers like this for security purposes.
i doubt any piece of intel technology does not have a government backdoor
No doubt just thats huge. So governments could use that to secure their own systems.
ALL YOU FAGGOT RETARDS GO BACK AND READ THIS
IF TRUE THE MERE ACT OF RUNNING AN SGX ENABLED NODE EVEN WITHOUT A GOOD API OR DATA SOURCE TO SELL IS A PROFIT CENTER
CHAINLINK ISNT A LICENSE TO SELL TRUSTED DATA IN THE NEW B2B WORLD, ITS A LICENSE TO PRINT FUCKING MONEY
You can literally gamble right now with wagerr
>oracle use zero knowledge proof to prove that RNG/Encryption/SGX is actually secure
That's it. you win.
elaborate
Math.random()
its free
The point is no TTP generating them dumb dumb
so this is likely a default function of the node, correct?
is integrating this at launch what theyve been working on?
I'm really reaching, but yeah. All this time when we thought that they were talking about security it was in regards to oracles. Oracles make the whole system complete. Zero Knowledge proof means that you can guarantee
>trust itself.
Why don't they just hire a bunch of neets to type stuff and then throw darts to pick which zip code they lift the numbers from? Can't get more true random than that
unless of course its being used by the govt.....who happen to use high end encryption in thousands of different purposes relating to defense and national security....what were those link threads mods deleted 8 times a few months ago???
your welcome.
Tyler Technologies...
close but no cigar, LM fren.
explain this link fags
ethplorer.io
seems like someone from biz, it has meme
>Lockheed Martin
it has even more links shadowforked
it's obvious that this wallet will dump all of chainlink once the hype is high
Where do I apply?
who are they friend?
see
I have maybe 2
Months left then I'm going to go blow my head off with a sawed off shotgun. I can't take tall this breadcrumb bullshit for another year
can I have your Links?
Could you maybe explain the details why the rgn provides such high security?
a decentralized oracle proves that the RNG (or amy any encryption) is not compromised without disclosing how.
proof of security that isn't reliant on trusting a centralized authority.
patience user.
We should all be accumulating until the point that it is literally impossible to accumulate links. Anything less than the singularity just makes that more difficult.
Patience.
Brainlet here, why does rng prove security? Also, how do you reconcile rng outputs from more than one node? I know I'm not asking the right questions but these are all I've got. Please help
Inexperienced team, lack of programming skill, "decentralized development" meaning no boss or hierarchy so no clear direction, misunderstanding of current tech and capabilities (thinking they could have mainnet implemented by Q2 2018), little understanding of how hiring works or how long things actually take. They need about 40 more employees and can't manage to find one. They hired some roastie whore Adelyn Zhou for human resources recently though. Of course that's not what they need but when you have a bunch of late 30s early 40s men on the team all they want to do is travel with investor money and crush pussy, so I'm sure the new HR girl will be getting passed around by these pieces of shit.
>decentralized development
I've only ever been laughing at linkies but, is that their actual fucking company initiative? Please tell me this is true so I can laugh more.
My question is this. If I send the same randomness library into two different enclaves under the same conditions, is their output the same or different?
If the same, how is that truly random? If different, how do you process randomness through multiple nodes so that you get a usable output?
Could someone explain me that when the mainnet is released and link nodes become a thing: does not these few huge link nodes will achieve "high reputation" far ahead in the game of some late-comers, only amassing more links coming to a point that all the so called transaction customers will only use these high-rep nodes with huge amount of links to spare for its functions? How can anyone even come late to this game in terms of nodes and competing?
It's a competitive marketplace. So you can be cheaper, you can access obscure monetised APIs that the big nodes haven't bought yet, generally you just have to act competitively. Nobody knows how it will all pan out though, just get in early and be smart, that's all you can do.
This, the state of this board holy shit
Oraclize does this for years already
rng can be a method of security/encryption. The nodes don't create RNG, they just verify that it is RNG with zero proof knowledge
Id imagine for something like randomness, youd request like 1000s of nodes and you take the agregated/consensus answer from the group, but here the nodes wouldnt get penalized for not being part of the majority and would be paid regardless for this computation.
Of course then you run into how would you efficiently generate large numbers where the nodes selected coming to consensus becomes more difficult. That'd probably have to be done across decimal places (ie for a random 5 digit number, the nodes first randomize and agree on a 0-9 5th digit, then move onto a 0-9 4th digit, etc) or something to that effect, but youd still have to build in a way a that you generate the total number of digits randomly if they request a truly random number, which can be done upfront to determine how many digits to generate random ness for
Um....Excuse me but what the fuck.
Nolinker here, I don’t actually hold any but I’ve been following it since the ICO with pretty keen interest. I have an EE degree and (before I quit my job) have worked in multiple companies in computer security.
I think this is the right answer. this guy
is correct to be sperging out the way he is
Basically, for you retards that might’ve missed this brilliant post, the implications of this **I THINK** (still piecing it together myself) are that the chainlink node network would allow for a 100% truly trustless, decentralized, economically-incentivized, *public* random number generator. Meaning, the one-time pad that the originally referenced post mentions would not only rise from the prison of being a theoretical cryptographic “holy-grail” academic concept only, to a cheaply, publicly accessible RNG tool. But it could potentially make an easily generated OTP the cryptographic STANDARD for an unbreakable form of cryptography that you could pull off the chainlink network completely on-the-fly.
In other words I think this literally makes genuine, “trustless” symmetric-key cryptography a thing.
Someone elaborate for me because my brain doesn’t work trying to grok the significance of this
This, essentially.
This isn’t huge, anons... it’s pretty much fucking unprecedented on a historical scale:
Made me lol
Here’s a video that might help illustrate better for yall the concept of how important truly random numbers are. Cloudflare, who provide a sort of CAPTCHA-esque initial gatekeeper service for a good chunk of the world’s internet traffic, use a wall of lava lamps to generate true randomness, lol:
So $1000 per LINK pretty much guaranteened?
Depends on who all would want to pay to use the network.
I imagine at first, it’ll cost a mint to grab say a single random generated number (or, thus, one OTP) from the chainlink network. That’ll make it only attractive to use for those applications that really do require that level of security. That’s why other anons are talking about government uses, although honestly I think the government is unironically too damn stupid to pick up on something like chainlink earlier on. BUT, the point is it could bridge the current gap between services like cloudflare, which is a private company; and government agencies’ use-cases which probably think they’re OOAHHH TOO IMPORTANT to use a service such as CF which provides data for the plebeian public use.
I'm sure big companies are just dying to put all their data on public shitcoin dispensers like eos and Ziliqa
I went through your moms backdoor last night
I'll sell you some rope for 100 stinkies. LINK isn't going to moon for at least a year buddy. The moonboys on this board are going to mass suicide when it dumps on mainnet launch.
ITT: Deluded bagholders who don't understand ETH will crash to the ground and thus render the linky erc20 shittoken worthless
>buh-but chainlink is blockchainz agnositc!
um sweetie, they're all worthless. You literally bought into the smart contract meme. Sergey knows major global companies aren't going to use his shittoken. The "hundreds" of teams he claims to be speaking to are 99.9% worthless shitcoins like wanchain which will burn to the ground. seriously once the normies start fomoing in on the smart contract meme its over. theyll come to realise like you that all this vaporwave trash tech will never be suitable for adoption. Ethereum literally cannot work. It get's fucking clogged when a few sissies try to trade their e-pets. You basement autists don't get it. Muh decentralization is never gonna happen. Crypto WILL be regulated. The only coin that has the potential to be used globally is SV, and the Chainlink oracle is useless for it since it already has its own. What you linkies arent prepared for is BTC and ETH and 99% of the market to crash. And you guys wont be coming back up.
How many transactions could there possibly be? You think tons of companies are going to suddenly start using smart contracts as soon as chainlink launches?
You don't get it. It's about using public smart contracts but still keeping their data private and secure through TEE's and RPG and ZKP
Actually if you tell me that when mainnet launches the tokens will be cheap to improve the environment in the platform and make companies have some incentive to use it, it may be better to enter when mainnet launches than now, so you make sure it's actually released and working and don't lose all your money in the case it fails and dumps hard
you do realize that each of the projects that come out and say they'll be using chainlink represent confirmed users of the network from day 1 right? Do you understand how many smart contracts are written using ZeppelinOS and with chainlink as the default oracle how much use it will get on virtually all ethereum dapps that need outside data in the future?
"expert A.I." to verify the "expert level contract criterion"
This makes the most sense.
i unironically went on binance and doubled my links after reading this
Checked
These people are idiots
>government backdoor
Or an intel backdoor, which has already been brought up multiple times during these conferences where Sergey talks. Would it still be considered TRULY random if there is some backdoor?
No it wouldn't. But you'll notice Sergey says they'll be using Intel "at first", which suggests to me he has his eyes on a different solution longer term, possibly the open source TEE that is under development.