Are oracles real? I'm starting to think not

Uhoh, Steve's breaking it down.

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oh for sure, you and steve have cracked the case
it's everyone else who think they need oracles that are wrong

>implying there aren't a healthy number of gullible fools in the world

Linkoneeeeeeeeect

Lol, seriously though. Tell me how link can give me the temperature of somewhere in the world with absolute certainty.

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Imagine actually putting your money into any other project than Chainlink. Just fucking imagine that person. Probably one of those brainlet memes.

>whats an oracle problem
Lmao

There isn't an oracle problem? Wtf I hate link now

>like an art expert
Hahaha and he's supposed to be the smart one. What a pack of boomer retards

Show me an existing oracle. Chainlink is glorified mob voting.

>looks at point made
>resorts to namecalling

Uhoh, you don't seem to be able to refute his point...

>absolute certainty
>what is the uncertainty principle

Literally who

So he saying there is an Oracle problem. He just doesn't know how to solve it. duh

Chainlink figured it out.

>a relizable storage, you can use the blockchain to that
t.rakesh "steve" kumar

>figured it out

Oh, did they come up with something besides node voting?

A regular thermometer is pretty certain.

You don't deserve a rebuttal you fucking pond scum

>node voting
aggregation and consensus

>a regular thermometer is pretty certain
no benefit in writing that sensor data to chain?
Jesus its like talking to a potato

>Tell me how link can give me the temperature of somewhere in the world with absolute certainty.

So there are two factors at play.

1. A consensus is reached within a network of nodes, decentralization.

2. If a bad actor within those nodes gives false information they are penalized and the node operator loses a % of the LINK within the node. The penalty keeps the node operator honest.

So the best solution so far is Chainlink. a network of node operators having their LINK stack at stake and reaching a consensus. So far its the best system. Mining 2.0.

The node operators get paid with LINK. Also, the smartcontract creators will use nodes that carry a LINK amount/value that is proportional to the smartcontract in usage. LINK is used as collateral to the smartcontract value. Um, hello... there is no tokenomics in crypto that can match the value of smartcontract network like LINK.

How do you make sure someone's not faking the data.

Like if I want to store potatoes based on the temperature of a region. Areas would have incentive to fake their data for financial gain.

Thanks, just sold 100k steves

How do you determine which information is true and which is false. You're only determining majority vs minority vote.

Chainlink isn't a solution because oracles don't exist. It's just creating a Rube Goldberg machine to give the impression of consensus.

>implying liars are the majority of the consensus

>He still calls an API an "oracle"

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Why do I get the feeling that thisbltest attempt by Skycoin to reel in new bagholders is going to backfire massively.

The smart thing to do with have been to claim a ‘partnership’ with link. Denying the oracle problem exists is going to risk their bagholders actually doing some research about the oracle problem. I guess they’re relying on the absolute lowest of the low IQ brainlets.

What if they were just mistaken.

Then they get penalized for being wrong.

>impression of consensus
>twisting of definitions
Consensus is the majority vs minority vote. Read up on the terms you are discussing word salad speaker.

ITT typical sky thread

How can oracles be real if our eyes aren't real?

That 777 link shill was the one that dropped in to Skycoin's Telegram.

I hope they do some research though. They'll find that oracles don't exist and that link is pointless at best and a step below centralized sources of information at worst.

as stated before. If you provide fake data you are penalized. its really simple.

I'm speaking pretty plainly. I'll lower the reading level of what I'm writing though. I can explain those terms if you need help.

But a consensus can be reached and still be providing a factually incorrect data. Instead of attacking, hacking or bribing the node operators, they can go straight to the source of the data. Life insurance policy via smart contract for example, bribe the doctor, medical examiner, or the county clerk that inputs the data, the oracles can still report accurate but factually incorrect data.

Can you link me to any reputable articles or in fact any information at all other than ‘steve’ in a telegram chat that ‘oracles don’t exist’?

How do the node operators determine what is fake and what is real?

More accurately, the system is majority vs minority voting, not real vs fake.

And then the organization that relied on that critical data being correct is at a loss of millions with no one to repremand. Yeah this will totally work.

The same way they do it now. with trusted hardware.
To use a temperature example - the same as the ones on the side of refrigerated containers that thousands of people worldwide have jobs checking at the docks all day and night.
Many would say manual checks are wasteful, that these should be automatically reporting to a system.
If insured, that system should be using oracles connected to smart contracts, those smart contracts should be triggered when a condition is met. etc

This is not about sourcing absolute truth, cos guess what, that potato store could be full of yams, this is about getting a reliable source of data into a tamperproof contract on the blockchain, in the most secure and reliable way possible.

You get IoT right?
Can you not see how IoT and smart contracts combined via the use of Oracles is a benefit to systems, automation, cost savings?

>prove a negative

hahahahahaha, I didn't think you would try that, but you did.

Prove oracles exist.

Well even masses can lie as well. Combine it with thinks like grassroots bullshit and stuff and we have given the elite power over the blockchain space. If there really was a decentralized json parser that was beeing fed information and is widely used in the dapp space i can garantuee you wealthy individuals and conglomerates are gonna try to feed it wrong information or even monopolize the feeding stream.

If link is trying to become that(why does it take so long to write an api + parser + concesus mechanism) then crypto is better off without it. And everything else is unrealistic as it just cant be done or do you think sergey and rory and his bull knows something science doesnt?

I didn’t ask you to prove a negative I asked you to link me to any information other than ‘steve’ in a random telegram chat that makes the claim ‘oracles don’t exist’

Yeah, but what if to save money on cooling a warehouse, the guy just puts the sensor in an icebox and bumps the temperature up ten degrees and saves a bundle of money.

Now imagine all of them do this and anyone that votes "incorrectly" when validating this data is penalized.

Well theres more to it.

1. nodes carry reputation.
2. I don't agree that everything in this world will need a decentralized system. But many things do. I mean your mentioning doctors and county clerks but what about the other things in our world that will need trust minimization.

One of the first things that will use oracles is derivatives. So, think of pricing around the world that happens. markets around the world that happen. Gold for instance, all the commodities actually. interest rates, libor. securities. There are markets happening 24/7. not just one place and one price.

>gonna try to feed it wrong information
absolutely.
want more reliability, add more data points

price of gold for example
get it from 8 different individual companies API's as sources and aggregate

some situations will be getting straight data to chain
some will be wanting a consensus from trusted parties

think of a trusted party as something like the bloomberg API. think business dont trust that now?
dont trust bloomberg? add Reuters and aggregate

>prove a negative
>Prove that this variables value isn't three
> if(v !== 3) print("proven by negation!")
people who try to use general concepts in a unfitting manner are cute.

>want more reliability, add more data points
>some situations will be getting straight data to chain
>some will be wanting a consensus from trusted parties

Once again, do any of you sky shills have any info, articles, websites, YouTube vids, anything anywhere that claims that ‘oracles don’t exist’ or that the oracle problem doesn’t exist or is unsolvable? Basically any source of information other than ‘steve’ in a telegram chat.

Bribe captain of container ship. Sticks thermometer on block of ice to keep reading content. Easier than bribing the oracles

oracles are not possible

see: goedel's incompleteness theorem

if you can't understand that and its relevance, maybe you shouldn't be spending time, effort or money on mathematically backed experimental projects

Not sure why you need validation from others, but we'll see if you understand the point of me giving you this: quatr.us/greeks/oracles-ancient-greece.htm

Why do you need node voting or blockchain for any of this. It's cheaper and easier without the overengineered "solution" that is link.

The just try to elicit an emotional response by speaking bullshit using hijacked definitions. Synth is a self-proclaimed NLP expert and you can see his very shallow attempt at trying that.

Focus on the definitions when talking to them, they will actively attempt to twist them.

This is a terrible argument.

Why do you need link, or blockchain for any of that.

Your also not asking the right question.

If your are trying to bridge data to the blockchain or smartcontract You first have to ask what are the benefits of a blockchain/smartcontract?

Does centralized data even make sense for a smartcontract. Absolutely not. It wont work.You NEED decentralized oracles for the simple fact that smartcontracts is all about automation. dead data negates what smartcontracts are offering, 100% uptime without oversight (middlemen)

Shit-

Giant actually has a solution to oracles by having node owners vet oracles. Reputation system. And only node owners have the option to be an oracle.

I get it, you don't fully understand decentralization, and thats fine, it why Oraclize is a thing

There are smarter people who think the same way as you. you should be happy with yourself to even be asking questions, its proves you are not a complete brainlet

its also why LINK is $0.40
because most people are thinking like you right now
when it hits $40, you will think back to this thread

>This is a terrible argument.
Nice statement. Care to argue it?
>typical skyschizo

What app/chat site is this?

pdfs.semanticscholar.org/1969/43e353af02702290ced102ff34181a87696c.pdf

Skycoin needs oracles for their smart contracts to function. How have they not thought about this problem already? Is the team really that inept?

So how did link solve the oracle problem, if the system only works when there are multiple Trustworthy sources? You think libor rates can’t be manupilated? We’ve decentralized the oracles, but not the sources. They’re still subject to degrees of trust.

>state that oracles don't exist
>gives reasons
>"they're just trying to fuck with you! TWISSSTS!"

lol k

>quick google search yielding something barely, tangentially related with sweat on his brow
nope

Decentralized oracles would be nice, but how can link use them if they don't exist?

They will after mainnet. Just wait a bit.

If you're going to the trouble of vetting sourced information, why wouldn't you just use a few vetted sources? It would be cheaper and easier and more reliable.

>"you weren't being proper enough"
Doesn't negate my point.

oh man, your still not getting it. rates can be manipulated. Thats where decentralized oracles come in.

Anyways. Its hard to understand. I get it. Just study it more. the light will go on eventually and you'll want to be part of Mining 2.0.

Think about it.

Cardana, Bitcoin, Ethereum, Polkadot, Aion and so many others are using Chainlink and the single standard source for data. They are using them for a reason. And more projects are jumping on. Not only blockchains but exchanges as well.

Telegram

It is, and you don't seem to be able to skim/grasp well enough in the short amount of time between those two posts.

Link is the utility token within the Decentralized oracle network. It is the only token that can be staked and transacted with the network.

Skycoin's CX is a deterministic application language, which is a head and shoulders step above using smart contracts.

What reliable data could you possibly feed to CX applications that can't be better discerned from validated resources?

>quatr.us/greeks/oracles-ancient-greece.htm
m8 are you for real. I’m obviously asking you to link any articles or info that makes the claim that ‘oracles don’t exist’ as the word oracle is used in the blockchain space. Just lol.
I’m guessing that means that you can’t because no one is making this claim except for ‘steve’ in a random telegram chat.

>skim/grasp well enough in the short amount of time between those two posts.
COPE

Can you explain to a layman how Ethereum is using chainlink if chainlink runs on top of ethereum? Not fudding, just asking

Incentives owning nodes I guess. Oracles are rewarded (with tx fees? or something) for providing good intel. Good question. I needed to break this down in my head for my next Giant shill thread. So thanks.

But how does a voting system prevent manipulation? Or mistakes?

That's not a decentralized oracle, that's just anonymous voting. Oracles don't exist.

*incentivizes

>decentralized oracle network
You mean anonymous voting on what they hope is good data?

I’m top 500 wallet holder. But ur delusional if u think link solved the oracle problem. I have no problem with the dec3ntralized oracle network part.... its the source of the data, factual correctness of the data, trust worthy ness of the data. It’s all beyond the control of the oracle network

So things written in CX aren't smart contracts. Confirmed useless.

Never assume good will when talking to a skyschizo. Assume malicious use of language to defend their useless non-crypto. Remember they invested 7 years of development into something that's completely crap at the architectural level.

>pdfs.semanticscholar.org/1969/43e353af02702290ced102ff34181a87696c.pdf
That paper in no way shape or form makes the claim that ‘oracles don’t exist’ or ‘the oracle problem doesn’t exist’

You can't completely solve the oracle problem for everything. Chainlink does solve the oracle problem for all api's/data feeds with multiple accurate sources. If you try to input data into the blockchain without a concensus mechanism then nothing would be in the way of bad actors inputing faulty info into deterministic smart contracts guaranteeing the wrong parties get payouts. Chainlinks consesus mechanism is able to solve the oracle problem in a way that is superior to the competition because they use town crier and intel sgx to obsure the contract data so multipke oracles cannot collude to sybil attack the network. The chainlink network gas been setup in a way to prevent reputation farming and to prevent oracles to br incentivised to be bad actors. What this means is that all oracles on the chainlink network will only stand to profit by providing accurate and truthful data to contracts and that inacurate data will be thrown out.

>malicious twisting of definitions in action
absolutely shameless

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>moving the goalposts
>appeal to authority
y i k e s

How is anonymous voting oracles?

The whole point of this space is automation and trust minimization. Whats the point of using a validated resource if that source can experience downtime.

Don't you understand why Ethereum and Bitcoin is so popular? and why Chainlink will follow?

Bitcoin is a world powered digital currency
Ethereum is world powered supercomputer

World powered = "always on", unstoppable, never gets old, never gets tired, continuous, trustless etc....

Why would you use a non world powered data source to power the infinite powered supercomputer? it doesn't make sense. Once the data stops, smartcontract stops. Get it?

Chainlink is THE world powered data feed. (decentralized oracle network)

once chainlink goes live everything makes sense to use. thats why so many projects are on board.

Lol fags buy bitcoin

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Read about deterministic languages. Smart contracts are just locked down baby versions of real applications.

Its called trust minimization. its currently the best solution crypto has. thats why everyone will use it. I don't see another option now or for a really long time.

Are you seriously claiming that you thought I meant ‘link me an article that talks generally about Ancient Greek fortune tellers?’

That article didn’t even make the claim that Ancient Greek oracles didn’t exist anyway. So you still fail.

Once again: can you provide any sources at all other than steve in a random telegram chat that makes the claim ‘oracles (as the term is used in blockchain) don’t exist’ or ‘the oracle problem doesn’t exist’?

Well?

ok any shred of this being believable went out the window there. I mean it was obvious before but what you just wrote is on par with Jason Parser being Rory's dad. Get a life you absolute faggot.

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Ill say this again in simplified form.

Bitcoin is a world powered digital currency
Ethereum is world powered supercomputer
Chainlink is world powered data

The three make smartcontract usage possible.

Not smart contracts, therefore irrelevant to crypto. Thank you for confirming.

>inb4 some user steps in and says don’t feed the shills.

I’m replying to this retard for the benefit of low iq lurkers who may get suckered into the Skycoin scam. It’s painfully obvious by this point that they deliberately target the most vulnerable.