Chainlink Questions

That would mean they have a novel solution to decentralized oracles that they've hidden entirely for 2 years. Possible but I really doubt it.

I'm a smart contract developer. I know about most projects in the space pretty well.

Google posted a blog showing how you could query data using their BigQuery platform. They just want to drum up interest in BigQuery.

Oracle said they would help some startups partner with Chainlink. No idea what that really means but Oracle is old shit in the software world. If you ever talk to an engineer they'll explain that Oracle essentially bribes managers and higher ups to buy expensive software contracts then they just force the workers to use their shitty software and pay expensive contracting fees to make it actually work.

Coinbase also has XLM and ETC. Coinbase just cares about volume as they make money off of fees.

Frankly it annoys me. Especially now that people are assuming its a serious option for decentralized oracles now that the price jumped.

Because they don't know what they've purchased and what makes LINK and similar scam coins valuable is a group of die hard advocates that will bring other fools into the fold. It's like an MLM.

Don't know for certain if the DEVs are dumping BUT one of the "non circulating" wallets moved tokens to Binance provably. Thats not good any way you spin it.

It doesn't actually do that. Its just a token they recommend you pay yourself when putting data into your own contracts.

What partnership do you believe they have with SWIFT? Anything more than an exploration or research type of thing?

what's the largest bonus in USD you ever received for working in technology

THIS
THIS
OP wont explain why because OP is a massive pule a pee and poo

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>That would mean they have a novel solution to decentralized oracles that they've hidden entirely for 2 years.

Doesn't that fit the basic zeitgeist, though?
>Partnered with big finance ergo extreme secrecy

Why dint you buy when it was .12 cents?

You had two years

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Explain faggot op

Are you Australian?

A large amount

People were still buying Bitconnect after they shut down.

You cannot have a decentralized oracle system that is closed source or at least not trustlessly verifiable.

Who says I didn't? I'm just trying to explain its a scam. People make lots of money off of well timed scams all the time.

No

Keeping it under wraps before it's ready is categorically not the same as it being closed source.

decentralized oracles not solved yet is priced in.
the thesis is that they'll build the largest trust network and serve as a pre-built joint venture for participants

your extreme dedication to FUD makes me feel a lot better about holding. thanks I’m gonna buy more and talk to my company about implementing smart contracts.

actually you said you are a smart contract developer. shill me your solution and if it sounds better I’ll discuss with them about going that route instead

>i'm a smart contract developer

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then why dont you join the team and tell them that ?? You seem to care a lot

They've already released what they have discussed and haven't suggested anything concrete about how to actually create what they promised originally.

If they only defense of their project is that they will eventually do what they said and they're going to be shrouded in secrecy I obviously can't argue against that but really think about if you believe that or not.

If your company would use their solution you can just roll with a much simpler version yourself that doesn't cost LINK.

Have your contract whitelist one address you have the key to. Run a server that has access to the private key. Your contract can request data by emitting an event. The server subscribes to this event type. When it happens the server gets that data however you want then uses the key to provide it for the contract. It's that easy.

Why would I join a scam team?

Who provides reputation? KYC wouldn't be needed if it was actually decentralized imo.

suppose someone wrote an open source smart contract with a function that pays out the current market rate for a commodity to an address. and suppose thousands of businesses wanted to use that contract as part of a larger integrated tech stack. and suppose they have an SLA with their end customers that causes them to pay penalties for any outages.
Should each of them negotiate their own data provider arrangements and built their own integration? or would it be more efficient to use chainlink even if its not decentralized?

Their reputation system is just a list of nodes with stats. It's a solution that works until it doesn't. Sort of like using the EBAY rating system but for potential multi-million dollars contracts.

If its data from a smart contract they can all just use it. The Ethereum blockchain is public. There's no need for any middleman at all.

If the data is off-chain and they're all willing to use that they can just all point to a centralized feed that doesn't require all of the complication of involving LINK at all.

lmao OP is a huge troll stopped reading after he thought theyve been working on this for only 2 years

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Deliberate mistakes like that are in there as a subtle signal to oldfags.

Dude you’re a certified retard. Stop.

this is severely dumbed down for a single use case with no specifics. for someone complaining about vague explanations, this one takes the cake.

now considering my company would take your advice, what are the ramifications?
well now we have an incredibly critical server to manage and protect (having access to private key and being the single trust of contract execution). the amount of money and risk involved in securing and managing this server, at least for smaller businesses, would far outweigh the benefits of creating it in house. not to mention the cost of development, software licensing, and paying all the SMEs needed to create it, manage it, and protect it.

do you not understand how business works? I COULD raise my own cow, kill it, and grill it. Or I could buy burger from a huge chain already doing all that, or everything minus the cooking, and not save myself money, time, and a headache.

shit answer

> smart contract developer
> thinks chainlink isn’t necessary
It’s all so tiring. Just fuck off and get a life op.

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Well sure the nodes are rated, but who is rating them? A decentralized consensus? Or the chainlink devs using a made up formula (kyc,...)

I'm only counting the time since they received LINK token funding. I'm not sure why you think saying they've spent even more time to have not solved the problem they set out to would be a good thing.

You would have an incredibly critical server to manage and protect anyway. You'd be running the Chainlink Node in their current architecture already.

Let's assume you want someone else to run it though. Why? Then its a critical server that you're just trusting someone to run and provide data. Again, there is no decentralization or Chainlink node validation in place.

It also is not expensive or hard to manage a server. Every software company has servers that are mission critical they manage. You're reaching a bit out of your zone of knowledge here.

That's a great question. They don't specify. They just say it will record and publish "user ratings". This sort of loose explanation is pretty common in their whitepaper.

losing credibility

>If its data from a smart contract they can all just use it. The Ethereum blockchain is public. There's no need for any middleman at all.

as we both know, up to the minute commodity prices aren't available on the ethereum blockchain

>If the data is off-chain and they're all willing to use that they can just all point to a centralized feed that doesn't require all of the complication of involving LINK at all.
"just point to a centralized feed"
will the centralized feed implement transferAndCall or what? how would billing work? or are you saying they should roll their own homebrew version of a chainlink node and hardcode that to point to a centralized feed? Just a few bullet points would be cool.

anyway, joke's probably on me for taking you seriously but just checking

Is it true that chainlink is fooling the big companies to run nodes connected to thier servers and using several exploits and enumerating over default server credentials to install a secret monero miner on their servers?

How do you explain the positive feedback MIT gave them and the attention from Forbes.

yea well given my job, I hope companies take your advice. so when i pwn their custom smart contract server, i can hear the dread in their voice. do you roll your own encryption too?

You're so smugly arrogant and wrong it actually rustles my jimmies, congratulations.

If you're trustlessly executing a $1MM contract based on data inputs, for example, you don't want it to come from one fucking predetermined server you absolute retard. Now please fuck off and fud Reddit instead. They don't actually know what they're talking about, you'll fit in perfectly. There's actually a few bright educated Anons here.

>their reputation system

Ok you officially don’t know what you’re talking about or are being intentionally deceptive because every “system” they use is modular and upgradable, including the reputation and identity systems

>just use a centralized price feed

Uh huh. Opinions discarded

Why is RLC a better product?

also and further to your point, "just stand up a server" is a general critique of any infrastructure saas, and not at all a convincing one. in fairness it is one i've heard before from bad junior devs.

Is this the most elaborate scam in this space? If so, then this is surely going to 1k eoy

You were the one who said it was data from a smart contract.

I'm saying if they want a fast resolution oracle then they will have to build some automated software that updates their contracts. This is pretty commonplace already. Do you think the MakerDao price feeds are updated by hand?

Sounds fake and gay.

Was the attention about anything other than the rise in price?

How would you pwn their private server? If you can access their internal network sure but then you could just pwn them anyway.

Chainlink currently IS "one fucking predetermined server" in the context of any users Oracle smart contract. It may as well be one you totally control and with less of the bullshit of LINK involved.

I'm just relaying what the whitepaper literally says. I don't believe they even have any reputation system implemented yet.

Centralized price feeds are how almost everything works currently. Point out a decentralized price feed.

Not familiar with it. Probably also a scam though.

They aren't providing hosting. Their software is not novel and includes a framework that adds a lot of complication and cost. Given that I would definitely argue rolling your own is the better choice.

>You were the one who said it was data from a smart contract.

no, you misread. that's ok

> I'm saying if they want a fast resolution oracle then they will have to build some automated software that updates their contracts. This is pretty commonplace already. Do you think the MakerDao price feeds are updated by hand?

you think every business should build a makerdao clone? losing track of your argument. what is on the server that they "just stand up"

your fud is boring and stale
be more creative or just stop

Iexec (RLC) doesnt seem like a scam

networkbuilders.intel.com/social-hub/video/5g-blockchain-powered-smartcities

And they also do decentralized oracles.

>how will they pwn our private server tho? its PRIVATE
yeah, nobody has ever had this attitude and gotten rekt...

im bored. you have not provided any level of technical detail for this server you spin up that solves the oracle problem and is impenetrable. like I said, I hope companies try to do this to save money. The majority of companies in tech cannot protect themselves for shit. I’ll have a field day. good luck with ur FUD.

If you posted a video with Sergey admiting it's a scam I still would not sell.

SAY IT WITH ME KNOW
>SWIFT
>ORACLE
>GOOGLE
>COINBASE

at least you tried OP, now go dilate you mentally ill cunt

Ok.

I'm saying it's not difficult to get trusted centralized data on chain. The only thing that makes it difficult it making it trustless and decentralized. Chainlink doesn't do this.

The problem is that you, and others, desperately want to believe there is a reason someone would want to use what they are providing. The reality is there isn't a use case for what they've actually built.

There would absolutely be a use case for what they promised.

There is no need to run a Chainlink Node because the locally run equivalent is probably a 100 line program that subscribes to logs, proxies log data requests into an HTTP request, and signs a transaction on your contract. Its a very easy piece to build.

How do their decentralized oracles claim to work? Will look into it.

I'm genuinely curious if you feel accomplished after shitting yourself and throwing a fit and declaring that you won.

You are of the same shit breed than OP, this artificial trannies vs. nulinker shit drama is stale and boring, fire the script writers, they suck

this is some good psyop

dca 26c kys famalam

I believe you actually.

I addressed these. Didn't hear any counters.

I could make up a story about Sergey giving me a prostate massage in the McDonalds parking lot behind the dumpster while a hobo OD'ed on bad Meth if you want.

>It's a solution that works until it doesn't. Sort of like using the EBAY rating system but for potential multi-million dollars contracts.

Like ratings on collateralized debt obligations, gosh rating multi-million dollar contracts has never been done before. Granted the CDO rating thing didnt work too good

Is that you creg? I think youve had one too many today

that would be at least entertaining, but the front desk tier technical fud is just tiresome.

Cats out of the bag. It looks like OP knows his shit. Gonna sell all my chainlink save for a suicide stack.

Not sure user, I started to gain interest in it after seeing this thread:

I’m curious what you think, because you seem to be knowledgable. I see a lot of FUD back and forth regarding both on this board, so I’m not sure what to believe at this point. Anyhow, thanks for answering these questions. Godspeed.

What about generating a random number for betting, lotterys, online casinos, etc? How can you trust that a random number generator is actually random?

>I’m not sure what to believe
find a religion, get out of tech

I still have 5k in link? Should I love it to something else like QNT or LIT?

You pointed out the problem for me. Thanks!

Really nothing is inherently wrong though with centralized curated solutions. That's just not what they're claiming to be and for automated smart contract data entry it has to be viewed as a potential risk.

I'll read and if the thread is still alive I'll let you know

There are some projects that have psuedo-solutions to this. Radioactive decay is the only way I know of to achieve true randomness and its hard to automate results from that.

I really don't want to shill other ERC20 tokens since even the legitimate ones have debatable value and it would sort of invalidate the stuff I'm saying here. That said I would not personally hold LINK long term. There might be money to be made trading it but it isn't something that will end up being used like ETH.

Literally the most brainlet tier FUD I've ever seen and OP actually thinks hes smart lol. Nulinkers cant hodl lol

only replying because of your “genuine interest”
no i dont feel accomplished. i wasted my time with you. you are either a low level code monkey brainlet, or a fudder using some level of knowledge to trick less technical ppl. either way i dont have the time or patience to spend explaining all the technical detail of how your “just stand up a server” is a horrible idea, beyond what i, and others, have already pointed out. its on you to lay out the detail of your perfect plan to accomplish what chainlink does without it, in house, and for cheaper.

but considering your level of dedication to this scam larp, i am guessing you are either upset you missed out or trying to fud for cheaper bags. either way man, whatever. i’ll be accumulating for a while, and in a couple years when its top 3 on coinbase with btc and eth, u will still be swinging shitcoins and fudding /biz , probably still writing shit code too.

seething

Thx based tech user

>I'm a developer
>LINK ERC-20
HURRR DURRRR You're a fucking larp or you're a low IQ engineer with zero knowledge of anything except how to code monkey your way into a $60k salary job.

Either way, fuck off. Zero fucking knowledge, you are sad.

DumbAnon, you haven't really answered much.

Yes, besides

Google
Oracle
Swift
Coinbase

You have the "hundreds of teams" ready to adopt Chainlink.

If you believe Chainlink to be a scam then how can you explain all these partners.

Are you saying you know more then these crypto projects?
Are you saying you know more then Google, Oracle, Swift and Coinbase?

And no you did not answer the Oracle Corp question. You said they are old. Sure they are old but they are still a Billion dollar company and leader in their field that will be using Chainlink. Not only are they offering their devs for free to 50 startups they are incentivising their 430,000 customers to do the same to their customers. The network is huge and will be huge for Chainlink.

Take a good look at this picture everyone.

You can follow DumbAnon if you like. But with every passing day there is a new partner added to The Chainlink network. Why in the world would all of crypto partner with a scam company.

Good luck trying to explain that one.

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He is a nufuder, he tries his best, and I'm sure some nulinkers like you fall for it, but overall it is just boring and doesn't deserves any kind of reaction beside telling him to be more creative and less obvious

cointelegraph.com/news/ethereum-based-synthetic-asset-platform-loses-over-37m-tokens-in-oracle-attack

This is what happens when you use "trusted" private, sole source data in the real world. 11.5 billion dollars instantly arbitraged.

This isn't meant for faggots that need GPS locations for their cuckold furry hookup dapp...this is for big boy futures contracts where one byte of data being off loses billions of dollars.

I realize this is just some redditnigger that sucks at concern trolling, but jesus try harder.

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It's a coordinated BSV campaign

my read at this point is larp pretending to be junior developer. we all know the one, who thinks somehow the enterprise it team is going to deploy his retarded perl script and "why did the project take so long everyone else is stupid"

Radioactive decay occurs at a set rate. How the hell do you think they do carbon dating.

I already laid it out. I think you're confused because of how simple it is to do yourself. it's nowhere even approaching this grand glorious endeavor you make it out to be.

Rolling your own in house Chainlink system:

> Your contract has an authorized data entry address
> You have a server that controls the private key for that address
> Your contract can emit an event to request data
> Your server subscribes to that event (this is built in to Ethereum provider libraries. Its that simple)
> When an event happens the server signs a transaction on your contract to provide the data

That's it! It's incredibly easy. There is no loss of security compared to running your own Chainlink node and you've reduced complexity immensely while also giving your team the freedom to build your own stack.

I don't think you're actually coming form a good faith position at this point by the way but I promised to try and be nice.

No problem user

Ya got me. I feel real silly now.

Oracle didn't say they would use Chainlink. None of those nodes on your chart are actually using Chainlink.

Show me a single deployed instance of their Oracle contract that is actually being used.

So while Sergey was giving me a real deep prostate rub down this hobo starting foaming at the mouth. "I'm lovin it!" I grunted as the hobo gasped his last breath and Sergey finished chewing his big mac.

That's exactly the point user! Right now Chainlink avoids this by just being a private centralized solution. You run your own Chainlink node.

The example you linked is what happens when you try to naively "decentralize" one of those data providers. Chainlink has no actual plan to provide a working decentralized solution which is why when people poo-poo that I have to point out that it isn't trivial and it is important.

Craig Wright is the biggest douche in the world.

P.S.

The guy who coined the term "proof of work", Arie Jules, is a coauthor of Chainlink's whitepaper.

The guy who coined the term "proof of stake" Sunny King started V-Systems also partnered with Chainlink.

We are talking about legacy players in blockchain all backing Chainlink.

so really, BTFO

Do you recognize the difference between having multiple parties collect data from multiple sources, aggregating that data, and feeding it into a smart contract verses one party collecting data from one source?

>Its just a token they recommend you pay yourself when putting data into your own contracts.

That's technically true if you're both a node operator and a data provider, but in practice that will not generally be the case. Yes, big enterprises will probably want to run their own node(s) but the majority of data will be coming from smaller companies using community-maintained nodes powered by OSS external adapters. The lack of trust between these parties necessitates a token, and that token can't simply be e.g. ETH because Chainlink wants its market for API data not to be tied to the ETH market, which is completely separate

>Show me a single deployed instance of their Oracle contract that is actually being used.

DumbAnon,

they released a statement themselves, an offical statement, stating they are partnered with Chainlink.

If Chainlink is a scam why would all these partners officially release a statement about a partnership?

Everyday there is a new partnership.

Its ok if you can't answer. Its a hard one to refute.

Poor DumbAnon, very poor and is lonely so he wants all these anons to stay poor with him.

Really though, BTFO

a lot of people got massacred in the big post-mainnet $1 sell-off. i suspect OP is one of them. they're desperate to get back in so fud-posting like a fully paid-up FIVER curry nigger is practically their full-time job now. it's just wonderous to watch. so much for all those "adamantine" hands we were told about in 2018.

never selling. 1000k eoy.

it will hurt linkies when this bleeds for 6 months, but it will be fun to watch.

invest in the dApp bubble. buy CHR.

can i become a smart contract developer with python? what are some cool projects you've come across?

Holy shit you're a retard. Synthetix, the company that got "hacked", openly admitted that what they're using was unsecure...and would be switching to Chainlink when it became available.

You lack the base level understanding of who would even be utilizing smart contracts, and don't understand the role of oracles (while constantly complaining theyre not decentralized enough). As a "smart contract developer" you don't understand the first uses for smart contracts. It's all so tiresome.

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What about the threshold signature blogpost? Sounds like a lot of buzzwords and a bunch of nonsense complicated equations to make it look legitimate to me

It's actually even easier than running your own server to just use Chainlink nodes. Then, you also have the option of requesting multiple oracles, using data aggregation, using authenticated APIs, and more. But, your complaints so far have fundamentally been about the vision of Chainlink vs its current implementation. It's still in development. They're centralized KYC nodes now, it's going to transition into decentralized nodes over time. Can't have catastrophic failure destroy the network in its early days. As it turns out, they don't need to break down their development plan to you. If you haven't noticed, they're one of the only teams in the space who underpromise and overdeliver. Not a peep out of them about partnerships, or other scam tactics used by most projects. They just work, and you just win. It's that easy.

Wow OP hit a nerve with everyone.
>the power of autism

search engines help
hackernoon.com/ethereum-smart-contracts-in-python-a-comprehensive-ish-guide-771b03990988?gi=cd3e04fa62dc

Idk about current progress but there was a project/Ethereum smart contract language called Vyper that's meant to be Pythonic in implementation.

We have to thank DumbAnon. People like him is the reason Chainlink will go to $1000 because they will buy our bags at $300.

for you

FUD man, all your FUD boils down to making the claim that because chainlink is currently centralized, it is a scam. You say it is currently better to roll your own, and you imply (or claim) that chainlink will never make good on their vision to implement a decentralized oracle solution.

Both of these points are silly. First, hardening a server is not as easy as it sounds. It is much better to rely on security experts to do it (presumably chainlink node operators are). This is in much the same way that it is easier to rely on AWS than it is to maintain your own servers.

Two, just because chainlink doesn't yet have a decentralized network up and running doesn't mean it won't in the near future. This promise contains risk, of course, but it wouldn't really be an investment without some risk now would it?

na man just setup a 100% uptime secure server with one publicly available data feed from a random public source.

Feed it into your companies multi billion dollar contracts. You'll save a couple bucks that that way not paying LINK. Sans a few hundred k yearly on hardware, software, and personnel to keep the new server up.

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Im actually having fun clowning him.

Poor DumbAnon

>Radioactive decay is the only way I know of to achieve true randomness and its hard to automate results from that
Hey ass wipe, learn to google before larping. What is radioactive decay "constant". Physics calls it a "constant" for a reason. Fucking uncleoldfag tier bull shit.

At this point, im just bumping this thread up hoping more poor anons will wait to jump in at $10 instead of getting in now.

The people who are slow to realizes what Chainlink really is are the people that will take us higher. They are bagbuyers.

thx for the write up sir,
do you know anything about ICX tech wise?

I'm pretty sure you don't know what the fuck you're talking about. Why don't you google randomness from radioactive decay? Overall, matter decays at a constant rate but there's no telling which part will decay first, second, third, and so on.

didnt read not selling

Nope.

gizmodo.com/how-to-create-random-numbers-using-radioactive-material-5994371

Yes. Medianizers are things that exist and have a purpose. You don't need Chainlink for that at all.

I do not at all buy that "small" companies will trust random nodes to provide them data. If they're happy with a centralized/trusted solution they'll just feed the data themselves.

You didn't provide what I requested in the quote of mine you posted.

Why not 10000 twitter.com/jahwarriah23/status/949956158847991808

PY-EVM is a thing. You still have to write contracts in Solidity though. Serpent was python-like but its dead now.

Uniswap is a cool one that's getting a lot of action recently.

They said they'd be working with the Chainlink team. Unless they settle for a centralized oracle, which they reasonably may, they won't actually use Chainlink.

Not familiar with it. Could you summarize or link?

You all keep on saying its going to transition to decentralized nodes but never has anyone ever explained what that means. This isn't a trivial thing you can just slowly build towards. You have to actually design it.

They promised the world and delivered something an intern could make.

As I said before they aren't hosting anything. AWS is useful because they actually provide a ton of hosted services that make deploying things extremely easy. All Chainlink is doing is providing overly complex OSS that is overly complex in order to justify their token.

You have to host the Chainlink node yourself too. You already have to handle the server infrastructure and hosting whether you use Chainlink or not. No one is hosting nodes for you. They do not have a decentralized network.

Is this some sort of Jow Forums troll I'm not familiar with or something? Just google "radioactive decay random" FFS