Can you explain to a layman how Ethereum is using chainlink if chainlink runs on top of ethereum? Not fudding, just asking
Are oracles real? I'm starting to think not
Isaac Hill
William Turner
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.
Elijah Evans
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.
Jackson Gutierrez
*incentivizes
Thomas Edwards
>decentralized oracle network
You mean anonymous voting on what they hope is good data?
Logan Wood
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
David Wilson
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.
Elijah Diaz
>pdfs.semanticscholar.org
That paper in no way shape or form makes the claim that ‘oracles don’t exist’ or ‘the oracle problem doesn’t exist’
Benjamin Walker
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.
Jonathan Myers
>malicious twisting of definitions in action
absolutely shameless