What was his name again, Veeky Forums?

this

The truth about Sergey is... he fucking hates you guys. He wishes you would all sell. He doesn't care about the market price of LINK. All he's interested in is impressing bigwigs at banks. And the more Veeky Forums buys his coin, the harder it makes it for him.

He doesn't care about the market price of LINK? Is that why they retained 30% of the LINK for "continued company development"? So that they could devalue it by 1/2?

Sergey "pray the oracle problem away" Nazarov

Nah Sergey is actually interested in building a good framework that will help developers develop interesting smart contract applications. I think he just genuinely interested in making this happen so smart contracts can actually be useful to us. And no, I don't think he cares much about what kids on Veeky Forums think about him.

Trips of truth?
Well maybe that was a little harsh. Anyway, I think all LINK holders should know, Sergey has a previous failed blockchian project:
youtube.com/watch?v=1nmLU284fIk
Of course not saying that affects LINK in any way, but I think people should know about it.

...

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Vitalik Butterbean

Is this a pasta of what that fag Chris Poole said about us?

God damn

Yikes this is worrying when you think about the long term for Link.

I think I read about this back in the day, don't remember much about it.
Why did it fail?

b-but swift...muh banks...

Sergey "www.fartcontract.com" Nazarov

If Sergey cant answer how they plan to stop whales from setting up nodes and crowding out regular people then this project is fucked and will end up like NXT.

Sergey "Take a Dump" Nazarov

Isn't that the satoshi guy? lol

Sergey "No news, you lose" Nazarov

kek thats a good one

Sergey "Money Shredder" Nazarov

Sergey "32 million on weed" Nazarov

HIS NAME WAS WALTON

...

>whales from setting up nodes and crowding out regular people
What exactly is wrong with that? Think about it. LINK is designed so that banks can communicate with the blockchain. It stands to reason that nodes with the most LINK (ie banks) get priority.

Sir Gay.

How is that decentralized? The whole point of the oracle problem and a solution is to decentralize it.

I didn't understand, but I do now. I started looking into LINK when it was 20 cents. It took me until last night before I realized something. Buy this, now. As much as you can. If you look at the overall picture of what's happening and the wealth being poured into crypto, you'll see that this is just the beginning. And LINK owns over 80% of that space. All the money in crypto flows through this coin. That's it's value, that's what's going to make it rise. What makes LINK valuable? It's LINK. There are around 7.8 billion people in the world right now, and only 1 billion LINK will ever exist. Let that sink in. Not even every person would be able to own a single LINK. Some analysts predict a million dollars per LINK isn't far off. It'll become a status symbol. We memed a president into the white house, this isn't a stretch. I used to laugh at the green text about tipping an escort .000000001 LINK. This is where it's headed, not laughing anymore. Spend 90% on LINK and hold, use 10% to play with alts and grow your LINK stack. Buy now, you're running out of time

if the source of information is coming from one point, we are back to the oracle problem..

Dude no lol. Of course the information come from one point, the bank sends the info to their chainlink node, the chainlink node sends the info to the ethereum network, or whatever blockchain.

Right but all the nodes are owned by the bank, the source of the information is coming from one source.

If the source is coming from one point it doesnt solve the oracle problem, it is the oracle problem.

You fucking guys xD. The oracle problem is about letting the blockchain communicate to the outside world. You're thinking of the information coming from within the network.

The oracle problem is about how oracles are centralized. Oracles do a fine job already but they arent decentralized which is not good for block chain tech.

Who ELSE would have this information?
You're injecting an extra problem, decentralization, which is unrelated to the oracle problem (getting info into the blockchain).
An oracle may or may not be decentralized, and they will only be decentralized if it makes economical sense for them to do so. If you're pulling info from a bank it makes no sense.

Ya, step one, get it in/out of the blockchain. Step two, refine.

All tech is always patchwork solutions until a better solution comes out. Chainlink is doing what few do, and aiming for markets that even fewer are aiming for. It has millions of other use cases, but targeting traditional finance puts its potential value over the edge.

what? the oracle problem is about centralization.. That is why we want several points of information so there is less room for failure. Oracles already do the "problem" you stated (getting info into the blockchain) they just do it in a centralized way.

blockchainhub.net/blockchain-oracles/

Sergey "something stinks, oh wait those are my links" Nazarov

Dude I hope you aren't holding any LINK because you have NO IDEA how it even works.

Let me try to educate you:
-dApp runs on blockchain
-decentralized app means it runs on multiple computers at once
-such an app can't connect to other sources becuase you'd have every computer in the network connecting to said source at once
-so what do?
-the chainlink solution is to have a second network, with nodes acting as oracles
-what is an oracle?
-an oracle is basically choosing specific nodes in the network that get to make API calls (calls to the outside world)

Basically, you have one oracle for each data entry exit point, so let's say Bank Y needs to write a record on a distributed ledger. They have one Chainlink node running, one ORACLE, on the Chainlink network that they can use to send info into a blockchain. Does it make sense now?

Sergey "Chainlink? More Like Chink Wink" Nazarov

Sergey "wolf of the rest room" Nazarov

Sergey "that janitor with the Russian accent who wanted to sell me an oracle or something" Nazarov

>decentralized app means it runs on multiple computers at once
wrong it means its coming from multiple sources, if the computers are owned by one person this is irrelevant.

If the oracle is centralized we are back to the oracle problem.

Sergey "Stop hoarding my links you dirty Chinks" Nazarov

So your argument is that chainLink is in fact an oracle application for banks to use and not an oracle solution.

Semantics but basically yes. If the oracle problem were truly solved, you'd just connect to ETH directly.