Seriously. Think about this. You've got a dApp and then you hit a wall: you need data from an API.
Why the fuck would I care that I can get the data from 30 different APIs? developers are already used to interacting with a single API endpoint, so why would I want some weird, abstract, "decentralized" endpoint instead? it makes literally no fucking sense. further more, why would I want to buy some Monopoly money off some asian exchange in order to work with those APIs?
If I were making a dApp, you know what I'd do? I'd use Intellect EU Catalyst if I was a fintech, SAP Leonardo if I were some big ass corp, or Azure Workbench if I were literally anybody else. It makes way more sense than fucking around with some third party crap.
I completly agree, there is no demand for oracle service since 2016 (oraclize) and wont be for the years to come.... noone will use some bubble tokens for their services.. NOT A SINGLE INSTITUTION/BANK
Austin Lopez
>developers are already used to interacting with a single API endpoint, so why would I want some weird, abstract, "decentralized" endpoint instead?
Not ony weird but weird and CREEPY
Hudson Powell
Oracles are needed for crypto, but the market is way smaller than neets on Jow Forums imagine it would be. Link will NEVER be used for all the shit people are spouting here. It will have some uses but not even close to SWIFT or shit like that which bring hundreads of billions in.
Considering there's no working product and niche use cases in real life, link is actually overvalued right now.
Lucas Stewart
Chainlink is the idea of a "philosopher", it has no use in real life. The team is really small for that reason, that they are complete lunatics. The only reason they got away with it, is because the vast majority of the crypto space is shitty.
this. it has some interesting ideas, but while Sergey was out thinking he was signing clients, he was really just giving them all his good ideas which have already been implemented in better systems. there's no need for Chainlink now that a couple dozen integration suites have popped up to do the same thing.
Colton Long
No linkies getting desperate
Elijah Wood
Comfy
Robert Martinez
>Why the fuck would I care that I can get the data from 30 different APIs? developers are already used to interacting with a single API endpoint,
I hope this is bait
Ethan Cooper
nope. it makes no sense. no developer is going to want to fuck with something so poorly defined like that. for data developers will trust a single source, and they'll only want that source. polling a response from some unknown number of random participants solves nothing. its legit the dumbest idea in all of crypto. shrimp farming makes more sense than this trash.
Michael Thompson
>If I were making a dApp, you know what I'd do? I'd use Intellect EU Catalyst if I was a fintech, SAP Leonardo if I were some big ass corp, or Azure Workbench if I were literally anybody else. It makes way more sense than fucking around with some third party crap. Linkies don't have a single argument for this except muh centralized oracle. They think that big corporations will say "nah this enterprise blockchain oracles suck, how about that token on Binance with nazi memes, some twitter shill account told me it would work the best for my multibillion dollar company?".
THIS IS LITERALLY HOW THESE PEOPLE THINK IT WILL PLAY OUT
Jose Rogers
What if the single source is wrong or compromised?
Adrian Perry
>for data developers will trust a single source, and they'll only want that source. polling a response from some unknown number of random participants solves nothing. its legit the dumbest idea in all of crypto
I'm pretty sure this is bait, that or you completely misunderstand the concept of trustless smart contracts
Jaxson Hill
for 99.9% of dApps the single source will be a source you own and control or one you implicitly trust. we've gotten by just fine trusting a single source for each data feed, and we'll keep getting by just fine in the future. oracles don't need to be decentralized, they just need to be accessible. load balancing + auto failover + an SLA = problem solved.
Wyatt Wright
Do you think businesses will make smart contracts with themselves or with other businesses/people? Because I guarantee you it's the later. So which side owns and controls the dApp?
David Scott
Hey that's REQs FUD you fucking nigger
Owen Walker
Linkies are impervious to these arguments, because nobody capable of understanding them would buy link in the first place. The other problem with link is that it's unhypeable because you need to understand what an oracle is. A horrible deal on all fronts, no chance for genuine adoption and no chance for normie hype.
David Myers
F A T
John Howard
Then link nodes will transmit that wrong data
Tyler Gonzalez
the oracle problem is not the same as the true data problem /thread
Nathan Bailey
Why does Tom Gonser disagree with you? Is he a brainlet?
Colton Ortiz
when money/smart contracts is involved and transactions are non reversable they do
>impervious nah I reckon half those threads are started by linkies themselves to drive prices down, the others are ignored because brainlets like OP actually think they're on to something and dare insult chainlink. the "point" (which is actually a misunderstanding) ITT has already been addressed quite a few times.
this basically, DYOR or actually try writing a trustless external-API based DAPP and see what problem you encounter
Cameron Green
>nah I reckon half those threads are started by linkies themselves to drive prices down.
Iam doing these threads not to drive prices down but try to get some actual high IQ discussion and som couple of memes 1000EOY....
We are on a verge of selling and not pushing price down
Aaron Rodriguez
Just let these deluded retards lose all their money and cope they don't even understand basic stuff
Jeremiah Bennett
ya only the truly deluded are sitting comfy, and they're just brainlets so they don't understand the tech anyway. anyone who understands the tech and is sitting on a large stack right now is shitting their pants after Consensus. linkies are all just playing a slow game of chicken waiting for the first big stack LINK Marine to market sell and everyone will pile on and chase the price down once they do. its basically just suspended by ACME physics that haven't acknowledged gravity exists yet.
Gavin Young
These are all good points why CL will die a lonely death. But I think you're missing one critical factor
MY LINKY STAYS SUPER STINKY $1000 EOY
Christian Myers
>half those threads are started by linkies themselves to drive prices down >price has constantly been down for months >linkies still use this retarded argument
It makes no sense if you have no understanding of why anyone would care about blockchain.
The key advantage of smart contract implementation is automation without a middle man.
If your systems are running autonomously, TRUST is more important than ever because a single source of data (Centralized oracle) could manipulate the outcome before you would notice and would simply be a massive avenue for fraud. A centralized oracle also has the obvious risk of all the issues related to downtime as our dear "competitors" Oracalize were so kind to prove for us. Big business doesn't like any of these things, what big business and the executive class likes is cost reduction. Any CTO worth a damn knows the potential of a combined smart contract system pulling data from a decentralized source is, the amount of streamlining potential is only limited to ones career-orientated imagination.
Guess what the only mature decentralized oracle product on the market is OP? Have a guess what problem they are solving with their product. A smart contract system, used efficiently without just creating more overheads relies on a decentralized oracle service. There is no way around it despite what money skeletons ego would like you to believe.
Bentley Mitchell
for 99.9% of people horses will be preferable to automobiles. we've gotten by just fine riding horses, and we'll keep getting by just fine in the future. transportation speed and reliability doesn't need to be increased, it just needs to be accessible. horses + oats + daily brushing = problem solved.
>"Hey Stacy, did you heard that? He said the N-Word." >"These REQtards are so weird." >"Yeah. Weird and CREEPY."
Logan Evans
I hope you realize that a decentralized oracle will have a much harder time processing a query quickly than a centralized oracle, Mr Horsecock.
Carter Evans
this. you can't build a system this slow and expect people to pipe their data through it. you may as well become a dialup internet salesman while you're at it.
Angel Ortiz
LINK is premined ico. It is not fairly distributed. Industry and businesses needs some sort of standard TO IMPLEMENT THEIR DAPPS. Chainlink is not a standard protocol like 4G, LTE, TCP, IP etc. Linux foundation and hyperledger or similar comstortium will come up with a standard for interoperability and oracle in near future. Chainlink is just a proof of concept. It is an enabler technology for the standards but not the standard itself. LINK wont be adopted by businesses for its price to increase. Linklets are delusional and will hold bags forever when all other shitcoins will 10x.
Jaxson Wood
copypasta from yesterday
>link does 4 things 1. Decentralized Oracles - more trustworthy than a single point of failure 2. Town Crier - SGX Enclaves - a revolutionary new security feature where the computer running a process can prove that it's running a program, and also prove it has no clue what program it's running. There many security and trust implications here. 3. Interoperability - The mechanism for connecting blockchains to non-native information (including other blockchains eventually) 4. User Experience/User Interface - smart contracts are difficult to program, chainlink and it's various corporate connections will provide an intuitive interface so laymen can quickly deploy smart contracts
Easton Stewart
I've moved 10 places in the last week. From wallet #142-152. That means whales are heavily accumulating / moving their stashes of binance into holding accounts.
The reason the price is dropping is massive fud campaigns + smart bots that don't spoof price + brainlets getting scared and actually selling.
