Bass Bauman of Market Protocol BTFO'd Chainlink on stage in front of everyone. This is probably the reason the price is tanking.
His team made a decentralized Oracle called "Delfi" which is cheaper and faster than Chainlink. You can see the presentation here at the 57:20 mark. vimeo.com/317732706
Teams really will just build their own decentralised oracles.
This is good FUD, thanks! To the brainlets who are logging into binance right now... It's not comparable to chainlink, it's a simple smart contract, not an oracle really. It doesn't give you any data that wasn't on-chain already, they just read and aggregate DEX-prices. They got the definition of decentralized wrong, one might say this isn't even an oracle. This concept wouldn't work with stock prices for example, chainlink will. It's just a cute little web-dapp, that's it. Chill out guys, it's literally not comparable and Sergey was probably face-palming when seeing this.
Christopher Bennett
>guys it's nothing just believe in your bags okay
Isaiah Sanchez
Btw, check the questions from vorhees and the other guy at 1:00:30 or so when the frenchie finished. He asked how much it costs and the team replied nothing. Then he asks how that is possible. It's possible because it's not an oracle, it's just a fucking explorer for a certain stat on-chain, which is DAI/ETH. It's not even remotely an oracle, oracles get off-chain data on-chain. This does not. It's basically etherscan for a very specific pool of contracts (dexes).
1000$ EOY
Joseph Evans
Lol
Henry Mitchell
>nothing here, look away
Asher Parker
Kek Delphi isn't just a discord group anymore hahaha > The absolute state
To be honest, if you fell for ops fud you don't deserve to have chainlink, but thanks anyway.
Logan Anderson
>LOW COST! >FAST!
Worthless shit. Same retards that bought into Nano because they think low fees and speed is the best possible route. Listen to me closley you brainlets. The only advantage a decentralized system has over a centralized one is security. Its a rather slow and expensive database BY VERY NATURE. Companies spend extra money to guarantee a level of security, which saves them a lot more then the overhead cost of using it in the first place. And anyone who is impressed by speed is a peanut brained idiot.
And OP just got destroyed. Not to mention we don't even know the cost and speed or chainlink yet. Also, chainlink is an framework for oracles to sell data so if it was an oracle, which it's not, it could sell on chainlinks platform anyways.
Michael Morgan
>#BUIDL They will fail 100%, they are just
Jason Kelly
So are you saying that Market Protocol (who are building with chainlink) haven't been told the cost and speed yet?
Of course they would have been told by the Chainlink team. It would be some of the first things in discussion.
Now this Market Protocol dev is saying on stage at ETH Denver that Chainlink is too slow and too costly.
Really gets the noggin' joggin'
Jordan Martinez
>So are you saying that Market Protocol (who are building with chainlink) haven't been told the cost and speed yet? Here's a direct quote from Sergey at ETHDenver: "(...) And the second question that I think we'll figuring out on the way is: what are people willing to pay for decentralized computation in this specific form." So clearly Sergey himself doesn't even know. Which is perfectly logical for anyone with half a brain since we're talking about a free, decentralized marketplace that isn't out yet. Nobody fucking knows what the cost will settle to.
You should have known this if you weren't a complete brainlet.
Jackson Diaz
I am more clever than you.
Zachary Morales
and just to reiterate again, the Delfi oracle costs 0
Clearly. And you seem to know more about Chainlink than Sergey. AND you seem to have a crystal ball that determines the free market price of something before that free market is even a thing.
>and just to reiterate again, the Delfi oracle costs 0 Except for the gas cost, lmao. Plus, the reason it doesn't "cost" anything (even though it does) is because this isn't actually an oracle. It just scrapes for already on-chain data.
Parker James
>price is tanking.
The fuck are you talking about?
Nicholas Gomez
maybe Sergey have some tips/predictions about the price, but why would he go public with it?! that would manipulate the price. maybe he said some price to clients (market protocol) and that's on whay they base their statement. on the other hand 0 is less than anything more than 0, so yeah, it will be cheaper whatever CL can offer :)
Eli Brown
>maybe Sergey have some tips/predictions about the price, but why would he go public with it?! that would manipulate the price. maybe he said some price to clients (market protocol) and that's on whay they base their statement. How could Sergey know the price of a free-market item before that item is even on the free market?
>on the other hand 0 is less than anything more than 0, so yeah, it will be cheaper whatever CL can offer :) Delfi isn't free, you still pay gas. And Delfi isn't actually an oracle, it scrapes for alread on-chain data. It does not connect external data, which is the whole point of oracles.
Jaxson Russell
>>on the other hand 0 is less than anything more than 0, so yeah, it will be cheaper whatever CL can offer :) >Delfi isn't free, you still pay gas. >And Delfi isn't actually an oracle, it scrap
Are you forgetting that Sergey owns 2/3 existing LINK? He will be able to control the price very easily, because he controls supply on the market.
Andrew Hall
>Are you forgetting that Sergey owns 2/3 existing LINK? He will be able to control the price very easily, because he controls supply on the market. This has nothing to do with the fiat price end users will pay.
Keep trying though, surely some retarded idea will stick at some point.
Juan Torres
>wants to create a never seem before marketplace for oracles >crashes the price
Not going to happen
Grayson Green
Thank you Delphi, very cool.
Aiden Collins
chainlink could very easily range from free to really expensive... running a node is virtually free resource wise and many APIs are not paid. To say it's "expensive" before the market has launched is just disingenuous.
Caleb Roberts
Fudders used to keep droning on about how you could run zero-Link nodes (i.e. cost-free), but now they conveniently forgot lmao.
Jose Howard
>Plus, the reason it doesn't "cost" anything (even though it does) is because this isn't actually an oracle. It just scrapes for already on-chain data. This also implies that it can't use any API, which is the biggest selling point of a real oracle. No APIs, forget about TEEs, etc. The point of the delfi oracle is to keep the price of something very easy to access.It takes data from immutable sources after contract creation, so it's unlikely that it'll get compromised, also with this constraint, it can't be an oracle to anything other than decentralized information already on the blockchain. You wouldn't use an oracle for this anyway.
This isn't even a chainlink competitor, but a different type of product.
Anthony Wood
>Implying anyone wants to use a fking overpriced oracle Chainlink btfo
Jackson Watson
Hey guys OP here, was just fudding because I wanted to buy some more. I have some very good news but since you were rude to me I'm not going to share it.