Straight from Sergey himself

Gotcha, pic had me thinking you were viewing it in the positive. Have sauce btw?

Cool source bro

DYOR, it was at a key note, and just look at binance that’s enough source, you do the rest

weird, funny how I can't find that quote anywhere. Even when I google that exact phrase.

Poor FUD. Node operators must have skin in the game in order to have something to lose/gain. Companies utilizing oracles for smart contracts will pay a premium to ensure a trustworthy execution of their smart contract. The way to incentivize a profitable ecosystem is to maintain financial incentives to behave as a reliable node and disincentives to break trust. Fuck off.

I'm more excited about the forks to other smart contract platforms myself, but I'm probably not going to split my LINK into them until I need to.

They know. It's just a bunch of bored discord trannies talking to each other in between posting needy transition pics on facebook and pleading for validation.

I got in at $3.96 for $2,000.

so link is not trustless?

I need better bait.

A reputation system would be enough to incentivize. It's not very different from BitTorrent. BitTorrent has existed for over a decade, it provides fee and fast access to data (torrents) for anyone. Chainlink could be free with the right incentives.

Skin in the game could be their reputation. Replace the token with reputation points and give faster and more secure data to nodes with a high reputation score. Companies interested in using oracles would then run their own nodes and provide free data to anyone wanting to use their oracles.

it's not bait you say the orcales need financial incentives to be trusted hence not trustless that is plain as day logic

And you think tokens are the only skin in the game that’s possible? Jesus Christ Sergey said it himself and you still ignore it. Oh well, keep buying the Devs bags

Still waiting on that source... either way, not selling.

I found it, it was when he was quoted as saying it was pegged to the price of a cup of coffee.

Example A: Swift will be hiring contract workers to be trustworthy actors, they will be paid to work from home and do this. It’s much cheaper and easier to know you will have trustworthy actors

I’m helping you enough, if you want me to spoof feed you ABC cereal then you better be sending me some ETH

Think along the terms of all these companies with a single location call center, it’s extremely cheap labor. Everyone was saying it would put all these business in the red. Instead they save millions a year and pay wage cuck salaries

>OP makes up a lie and expects us to believe it
I watched the entire keynote speech and he didnt say anything even remotely like that. Youre just LYING

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it's ogre...the tokens are worthless...

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jesus christ it's Jason Parser

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checked

>Companies interested in using oracles would then run their own nodes and provide free data to anyone wanting to use their oracles.
For free? I highly doubt, the whole point of link is to reduce costs, destroy jobs and save money for corporations, which is exactly why the token is a necessity to price competitors out of the game.
In a ideal world, nodes would be free, everyone would get enough money to live well, cancer would be cured and mankind would reach the space age, but we all know that is not going to happen, there are no free meals.

>if you want me to spoof feed you
If you post source we can spoon feed ourselves fucking pajeet

Always Buy Chainlink cereal

This post is too stupid to deserve a reply. Read the whitepaper

>I genuinly care about anons financial
>source: dude trust me

I can smell the feces in your streets outside all the way up here

>For free?
They would run for free in exchange of reputation points.
Reputation points would grant them priority access to more secure oracles. Reputation tokens wouldn't be tradeable - you would only be able to get reputation points by running a node and providing quality data. Instead of rewarding nodes with LINK, the system would reward them with reputation points.

As I mentioned earlier, BitTorrent has worked for many years based on a simple reputation system - people who upload torrents get to download torrents faster. The same could wok for Chainlink.
Maybe you could still maintain the token, but make it optional.

Gib source even though I know you won't because sergey has never said this fud harder

I think link tokens will give leverage over other incentives.

I literally am too retarded to know anything about Link but I fomo’ed in at 2.70 and check my phone every hour or so in anticipation of a moon shot. I’m not being sarcastic I’m just full on retarded.

checked, op eternally btfo and /thread

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checked and fact-pilled

FUD is really getting to me bros....i might actually sell....

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kek non-programmers like yourself investing in software projects are so funny. You are literally talking about what you do not know with complete certainty, thinking you're a smart investor. You're literally an ape trying to play chess.

bittorrent data is deterministic, static, always the same. An infohash always gets the same file. That's why bittorrent doesn't need reputation and is sybil resistant. You can verify yourself that the data you're not receiving doesn't match the infohash, and block bad nodes, because the data is deterministic, depending on the infohash.

Now oracles ARE NOTHING LIKE THAT. Oracles provide different data that change with time. You request the same source, yet get different result every time, and you have no way to verify, completely unlike bittorent, where you request from a source (the infohash) and always get the same deterministic data, which you can verify yourself based on the infohash, and malicious nodes get instantly/automatically blocked without you ever noticing.

Chainlink is not sybil resistant. Their imaginary reputation/staking/collateral design is complete bullshit and will not work (why do you think they haven't even started on it 2 years later, and haven't even released technical specs for it)

You are an ape playing chess. Learn some programming. Stop investing in technology you do not understand.

God those digits, fucking CHECKED.

Ah yes just like how restaurants give their food away for free now since the dollar became obsolete in favor of yelp reviews

Schlop Dog

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It's funny how you made assumptions about me (that I'm not a programmer, that I invested in Chainlink), an anonymous Jow Forums user, when you clearly didn't pay enough attention to what I wrote.

I was trying to show that, in theory, the Link token is useless, as a reputation 'score' would provide enough incentives for people to keep nodes running in an oracle network, providing access to data feeds for anyone wishing to use the network for free, without having to sell anything, and without forcing requestors to buy a token beforehand, making everyone's life much easier.

Ignore the reputation system described (roughly) in their whitepaper. I agree that that system isn't Sybil resistant, so forget about it. What I called 'reputation points' is something completely different.

1) it would be like the token, but non-transferable
2) in other words, you can't buy reputation points
3) the only way to get it is by running a node successfully
4) a node gets reputation points when it serves clients with data
5) nodes with higher reputation scores are rewarded with priority when requesting data from other nodes
6) clients block nodes that provide inaccurate data (that is, data that deviates from that provided by other nodes, and you can use statistics - factor analysis - to determine which data is deviant and which is normal)
7) nodes trying to cheat would be blacklisted and would stop receiving reputation points. Perhaps they could lose reputation points too. Reputation could decay over time, so you'd need to keep your node up and running in sync with other nodes to have a reputation score.

This is a simple design based on reciprocity. Because most of Chainlink users would be companies, it would give enough incentives for these companies to invest in their oracle nodes. Company A runs a node because it relies on companies B, C, D... Z for secure oracles. Most blockchain 'companies' nowadays have been pushing the idea that tokens are the only way to incentivize people to run nodes because, obviously, they're trying to sell tokens in their ICOs. However, as BitTorrent has shown since 2001, tokens are not the only way to incentivize p2p networks.

funny because i remember sergey saying "And by the way, OP is fundamentally a faggot and everything he says is a retarded lie" at least ten times during the announcement where you think he said the link token isn't necessary

OP BTFO'd

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You realise you're describing a reputation system that they are planning to implement?
Honestly, why waste time writing about things you clearly know ZERO about?

The reputation system they're trying to implement is based on voting. What I described is completely different. Also, stop doing I have zero knowledge about this, which is clearly not the case (it's making you look dishonest).

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Linkers are coping hard
They don’t know what to do
They want some kind of reason as an excuse to hang on
I almost feel sorry for them
But then I remember this
>much get rich quick scheme
>muh chain link rope I’ll neck myself with

If you could buy and sell yelp reviews then yes, that analogy would make sense.
As a matter of fact there is many crappy restaurants that do pay for fake reviews.

Now, let me review your post, don't worry this one's on me:

*Verified oldfag*
"user made a shitty analogy in a condescending manner while thinking himself smart for it. Then I told him he was wrong and explained to him why. Honestly, we could use a few less crappy posters like him in this board! Two stars out of five because at least he didn't make any typos. Pathetic!

Edit: Thank you for all the replies!"

[Like][Subscribe][Donate]

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Information and food are completely different types of goods. Information can be copied an infinite number of times, while food can't.

So yes, you can give information away for free and receive reputation in exchange. Reputation has been the main incentive for thousands of open source projects since the beginnings of the internet.

Only got 320 myself because poorfag, so I'm hoping for 3k eoy

I don't think that will net you one million. Remember you "have" to pay taxes.

> please sell please please sell all of your linkies 2 man team json parser vaporware scamcoin the devs are literally dumping as we speak please spoonfeed me even though i religiously but ineffectively try to fud in every link thread instead of trying to use a filter just ignore everything the team has done and sell your linkies no im not a swinglinker i have anons financial interests at heart i promise
Yawn
Sage and hide

Why would anyone want to run a node for the sake of reputation in the node network?

Nodes with a higher reputation would be prioritized by other nodes.

>>be scrawny middle eastern boy
>>get murked by laughing plane

Chainlink is the anti-scam. It's almost as if they want to appear as a scam, whilst being anything but. Think about that for a second.

Do you realise how much propaganda, marketing and real advertising could be done with the money they have? Do you realize, they don't do that? Some Forbes blog article. Big deal. Some guy from Oracle being extremely vague because bound to NDA.

If this is a scam, they are pretty bad scammers.

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>a higher reputation
Huh

>Niggas don't need tokens to incentivize,
>But y'all best got some to collateralize
t. D'sergey Niggerov

So.. your incentive to use your time and resources to run a node would be that you get a better reputation so you can do more work?

Spell check.

Nodes would also be users requesting contracts (USER-SC per whitepaper). So you would operate a node if you want priority access to other high reputation node operators. It's a reciprocity-based system like BitTorrent:

web.cs.ucla.edu/classes/cs217/05BitTorrent.pdf

It's been around for over a decade.

>LINK required to act as a node operator
>Transactions of higher value/importance require large amounts of link
>These are locked out of circulation

but yeah haha chainlink has no value xd

...

That was the breakout Q&A after SxSw. After the panel but before that day took the Jow Forums pic with Sergey. user periscoped it for us
Perriannes sexy ass was there

Posted source you fucking brainlets, Sergey himself said it

Is it true Chainlink is being built in Ethereum 2.0?

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You think any high value contract is going to use an oracle with zero skin in the game you fuckin tranny?

ETH 2.0 isn't even out yet, no devs are using it yet. ATM Link is ERC667 token. However it will link different blockchains and will be independent of ethereum

>companies will pay for expensive hardware and networking, access to important API data, and manual hours operating the node all for free because reputation points are just as good as money
This is one of the most retarded things I've ever read on biz

When did sergey last dump 70k

What would be the endgame of doing all this work just to gain reputation if there is zero financial incentive? Just so Sergey will think you're cool?

Neither side can throw their arms up and go herp derp derp no third party to stop me from holding up my end of our smart contract durrrrrrr.

Hoping that gives you something to dilate on.

>providing data secure to trigger a million dollar insurance contract == seeding pirated videos online
I hope you're a discord tranny fucking with me and not actually this mentally disabled

I think you might be the one who is mentally retarded since the technologies are essentially the same and one of them has been around for over a decade.

Did you guys know sergey has an older brother who’s also in crypto

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Should I just move all my link into btc for the upcoming bull run?

>he sold his linkies
>he must have weak girly hands
>what a loser!

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Thanks doc