>Chainlink and Oraclize are actually very expensive for what they do and don't really provide us with any feature we don't already have/want. Intel SGX (and other trusted execution environments for that matter) don't really get rid of trust but just move the trust burden to the intel architecture which I don't have a lot of faith in. I think we can get similar data integrity guarantees using zero-knowledge proofs once gas costs reduce for on-chain proof verification which I hear is in the works.
>Maker's Oracles have been in production for over 19 months now and proven very robust even during network congestion. Little known fact, more projects use Maker's Oracles than Chainlink and Oraclize combined ;)
>MakerDAO isn't going to use link YET They'll bend the knee eventually
Nolan Price
nope, they're building a competitor >We've been hard at work on the next version of Oracles for the release of multi-collateral Dai. These new Oracles have been built from the ground-up to reduce costs as much as possible. This will allow us to run much more accurate sensitivity parameters while also reducing overall costs. We'll also be introducing a staking and compensation model to disincentive downtime and malicious behavior.
Parker Perry
>3 months ago no one knew about threshold signatures back then. Shit's changed nigglet.
Bentley Morales
>even though it shifts the trust burden to the intel architecture -thus eliminating billions in post settlement reconciliation costs for anyone who adopts DLT- we're gonna continue business as usual because we cant compete in the new automated environment the absolute state of institutional nolinkers
Jaxon Garcia
This guy didn't read Kwiatkowsky article
Lincoln Jackson
>no one knew about threshold signatures back then what? it's not something chainlink invented, and it's not something exclusive to it
no one knew that chainlink will make use of them, faggot. It cuts cost exponentially
Luke Baker
it's all so tiring. sergey has addressed this before. >don't trust intel hardware for TEE >there is no other choice currently >intel SGX has been tested thoroughly and works well in places it is already integrated >BTC is completely backed by the notion that rational individuals will always act in their economic interest >it will never be in intel's economic interest to corrupt TEE, if anything the opposite is true might as well throw a majority of computers and laptops in the bin if intel is corrupting its hardware
i wonder how much jr really knows about link if he's willing to claim that more projects use maker's oracles than chainlink's, when chainlink is more akin to a decentralized network of oracles he certainly wasn't aware of the chainlink team's development of threshold signatures when he wrote this; perhaps he may have a different point of view, now
Nathaniel Rodriguez
Cost of use is one of two critiques that the poster makes against chainlink, and threshold signatures reduces the cost by orders of magnitude.
The second critique is related to SGX. There are other TEEscoming down the pipe, which Sergey has said they will integrate, effectively decentralizing the TEEs.
There are no other valid critiques. Moreover the "reward system" they mention will likely cause Maker's oracles to reach similar costs to Chainlink's current state.
>But it is something that fixes the ‘cost’ fud How do you know he meant the gas cost rather than cost in link?
Tyler Adams
THRESH-LIGHT
ya bish
Kayden Jones
>How do you know he meant the gas cost rather than cost in link? Because 1) LINK is what shall stake as collateral for millions of dollar in daily derivative contracts, insurance events, supply chain finance events, etc 2) Gas isnt
LINK is gonna appreciate in proportion to gross value of contracts being executed on the network >gas isn't
Matthew Green
Stop spoonfeeding the retard, let him buy whatever the fuck he wants
Connor Morgan
>once gas costs reduce even then 0k proofs will still cost 10x+ as much as chainlink
>which i hear
this dev doesnt know shit. its sad he thinks of link as a competitor
Angel Ross
Yeah but maker doesn't allow Cloud companies to sell their services to smart contracts so who fucking cares. MakerDao would easily run a chainlink and sell their own oracle to everyone else. If they don't then they're retarded
Andrew Walker
hahahahaha
Jose Williams
>3 months ago The state of fud nowadays.
James Gonzalez
Market who?
Charles Butler
>How do you know he meant the gas cost rather than cost in link? >LINK is what shall stake as collateral for millions of dollar in daily derivative contracts, insurance events, supply chain finance events, etc what?
