Three Big takeaways
1. Mixicles will enable financial txns to be private yet auditable to regulators. Mixicles were created to satisfy this need.
2. Mixicles will be the genesis for the creation of confidentiality preserving Decentralized Finance (DeFi) instruments
3. Mixicles are agnostic and will be used for Bitcoin as well, see pic related.
AMA - one of the hardest papers I've had to get through.
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This thing exists alrdy, its req
KEK
dont you mean rekt*?
Still laughing. Thanks user
How long until I’m rich? I’ve been waiting and accumulating since Oct 2017
>will be used for Bitcoin as well, see pic related.
Talk more about this op
Is it patented by a company? Can I buy stocks in it?
Going to be a while, Mixicles are another piece/step to bringing regulated financial instruments to crypto projects. I would take this as a confidence boost to your link holdings. Bullish
Btc took 10 years to reach 10k(not including the ridiculous 20k ath at the time) ETH took like 4 years. LINK is the final part of the trinity. Remember 7 7 7. 21. We should see wide scale adoption by then. Hold strong marine.
The main takeaways for me:
1) Chainlink already had a MASSIVE security claim to fame with TownCrier enclaves, and still they went the extra mile by delivering non-enclave-base security.
2) Mixicles blend security with compliance, making them absolutely perfect for top-level financial institutions (and everyone else as well)
3) Mixicles basically make private/permissioned blockchains obsolete
I went from chub to full hard-on in the days after the announcement.
>Most closely related to our work here on Mixicles
is the Discreet Log scheme of Dryja [31], a pioneering work in oracle-based DeFi. The
objective of that scheme is to support an oracle-based DeFi contract in Bitcoin that
is indistinguishable from an ordinary Lightning Network transaction
Sergey and team believes that everything they build shall be blockchain agnostic. Integrating with the lightning network or core itself is a long term goal.
-The more you know
21 as in 2021? Why then? Seems so far away. Some of us might be dead by then.
Excellent analysis user, your #3 is the best.
This really is something special we have on our hands.
First threshold signatures and now Mixicles; both expanding and deepening the basic on/off-chain function of oracles.
And here I thought simply making trustless oracles was groundbreaking already.
>two years is a long time
Bitch you’re too spoiled with crazy crypto returns. Would you rather invest in boomer stocks and boomer rocks?
Here's my question. If Chainlink are the ones quietly dropping Mixicles, after they quietly dropped threshold signatures, WHILE they're working on the industry standard oracle solution, then what the fuck is every other smart contract team in this space doing?
It's not so much industry standard as it is the fact they seem to be the only ones doing any significant fucking work.
The holy trinity user. BTC, ETH, LINK. Everything else is just bs.
You have to understand that while both threshold sigs and mixicles are indeed groundbreaking, they are very much still in line with the basic concept of oracles.
Oracles are the bridge between on and off-chain, and threshold sigs combine numerous transactions off-chain to be submitted on-chain as a single transaction; while mixicles put up a security wall between off-chain content and basic on-chain transactions (i.e. the contract's substance is off-chain, but the actual transaction still gets the full benefits of an entirely public chain).
My mind is still reeling trying to keep up with the amount of vision that's behind all this.
It's almost like based Henry Ford put out the Model T, but with seat belts, air bags, anti-lock brakes, power steering, and a dual-clutch transmission.
They`re busy making dOracles
yup, thoughts exactly, i just wonder how many next gen autitst kids are going to improve this when im nearing retirement age. Wholey fuck i made it.
What's hilarious is that the main reason iexec claimed they wanted to make their own oracles was that "Chainlink wasn't doing enclaves right". Which is bullshit on so many levels.
And now Chainlink just busted out a whole new level of oracle security, explicitly disregarding and going beyond enclaves (which they fucking owned to begin with due to the TownCrier acquisition).
Chainlink is exposing a lot of fools in this space.
Based
I'm going to read the whitepaper but I had one question. Utilizing Mixicles by itself (no TEE), will the transaction be private even to the node operator?
>tfw you're dying from a rare, slow acting genetic disease and your only hope for getting the funds to try and cure it is chainlink mooning to 1k, but now the timeline has been pushed back yet again.
It depends on the aspect of the transaction. You can obfuscate the parties and the amounts to the oracle, but if it's the oracles job to compute who gets the payment (the switch) then the oracle obviously needs to know what the switch is. If you want to conceal that then you still need a TEE at this point.
Check s3.1 of the Mixicles paper for further detail.
Good thread.
I think the fud shillers took the day off.
Shit coin stay the fuck away.
Yeah it's oddly calmed down.
Great takeaways. Its good they rehashed an old concept that's tried and tested and applied it to solving this problem. The applicability of the solution is only for oracles right. So there needs to be assurances outside the oracle as well to maintain the same low level of surface to attack.
One is still lurking
>
>Shit coin stay the fuck away.
Does this render Ren redundant?
Isn't Chainlink that pump and dump scam the news has been talking about??
Sauce on this insect?
Vina Sky
reqt
How does it relate to whatever enigma is supposed to be doing?
Nice. I just watched a video of her getting creampied in the ass the other day and didn't even notice it was her. Good taste user.
>Chainlink reveals itself as another jewish race-mixing scheme
dropped
Mixicles is kind of a stupid word but it's also kind of brilliant, it's very memorable.
>lightning network and btc
Great product. DOA unless they support BSV.
i think it sounds cool
I feel ya user. Hang on brother
Based yeah she's a good slut would pay for her when i make it
>BSV
no one wants to be involved with literal scammers and a pajeet upwork army
Bullish, but
>THEY HAD TO NAME IT MIXICLES FFS
Mixicles remind me of mixing races so this is good
Bless you yellowfeveranon
Np man. Guess where I'm going once the world catches up with link :)
Just make sure you put a sharpie in her butt and share it with us all
Cant wait for that ban
It's very normie friendly and memorable. I like it.
It took 3 weeks and a CL blog post to break down mixicles. Good job marines. Good job
>mixing races
>good
Go neck yourself, Schlomo.
Mixing races is good incel. Have sex
Unironically Cinnabon has a good thread on mixicles all Linkoids should read it
i'll go to twitter when i go to discord. fucking never.
Based Cinnabon actually did research on it
Run a Death Node user.
So the fat lard needs a new use case to throw in there since the oracle ethereum price relayer is a massive chode?
The 4th Industrial Revolution is a multi faceted concept, that is truly limitless in scope, because its creative potential is beyond our own perception to understand. It CAN be refined/distilled to one field of ideas. So far to date, the best written codification of this field of ideas, is Nick Sazbo's writings on "God Protocol". In this, Nick describes a series of traits in this protocol, that amount to a trustless, omniscient, and evolutionary environment for interaction. His main focus on this idea was the focus of smart contracts, which is what link is best representative of, but this environment/protocol/supra-mind has two other essential components that complete the field. AI being one, and the IoT being the other. In the near future/present, large collections of IoT sensors, cpu's, cameras, robotics, etc. will feed realtime full spectrum data into advanced analytical and operation AIs'. This data will be processed by these AI and mined for efficiencies and other valuable extrapolations. These AI will analyze the available data from their allotted web of api's/IoT and create consistently up to date smart contracts, program/code updates/debugs, and to ensure consistent functional operation across the net. These AI will be managing billion and trillion dollar IoT networks/hardware/systems. Their security and end to end turstlessness will be absolutely necessary regardless of cost, because the savings and benefits in productivity and quality will justify it. The 4th IR, is AI, IoT, and Smart Contracts all communicating via trustless decentralized oracles.
Is mixicle bidirectional like chainlink or one way?
Would mix races like serger likes to manes
their first idea was a huge bust (zero users) so they need something else to perpetuate the scam
Goddamn. Jet black girls with Caucasian features are truly god tier.
I can't see any features. It's literally all black. Is my display screwed up?
Nubian princess my man
REQ is why I need link to hit $8 just to break even
Nowhere near as hard as zk-Snarks was to read. I read it as well, it's an interesting proposal but I don't think it will catch on ultimately
Why not?
>Would you rather invest in boomer stocks and boomer rocks?
No.
Grug buy berry.
Any serious institution will simply prefer to settle and audit transactions internally and then settle them in whatever currency they like. Mixicles are over engineered.
You're saying that the links are a solution looking for a problem? Dilate.
i hope she actually is able to get the transplant that she needs but GOOD FUCKING LORD does she look like she's gonna grow up to be fat and stupid
That's not a good thread at all, it's just him whining about ETH possibly not being able to cope with transaction volumes.
1) ETH is working on scaling
2) Chainlink helps with scaling (threshold signs etc.)
3) Chainlink is not going to be exclusive to ETH, Sergey said a few weeks ago that launching on more blockchains is one of the objective for the near future.
No I'm saying it's a solution to a legitimate but very very niche problem. It's sort of the equivalent to building an airport in 1901. This might make you feel like a genius about to be rich but there's no reason that decades from now when the demand is needed people will use your airport or that your airport won't be outdated. Scream industry standard all you want, its impossible to actually cement yourself as an industry standard when the industry is an infant.