Although i believe decentralized trustless oracle will have a great importance in the future, i do fear for copy cats.
How easy would it be to release a similar product in, lets say, 6 months to a year after link has released theirs?
If both products work fine, people will use the cheaper one and the competition will inevitably sink LINKs price. Even if link remains king of decentralised oracle, it will undoubtibly go down in price with some competition.
Other urls found in this thread:
en.wikipedia.org
en.wikipedia.org
treasury-management.com
create.smartcontract.com
www3.weforum.org
capgemini.com
the-blockchain.com
twitter.com
ChainLink is 3-4 years ahead of the competition. Even with a devteam of a 1,000 pajeets, it just can;t be done.
No. the oldest, most used, most noded the fuck out, most adopted network will win. This will be Link.
Unless something comes out with superior technology
But conceptually Link is dominating
All start team
Maths doctor guy and ex Facebook gook advisors
who is going to face us
...
Nobody cares about link. If a competitor comes out that people actually invest in, link will be left in the dust.
Nobody buys link outside of Veeky Forums. Its competitors will have the brains to market their coin on reddit and other places so people actually buy it.
I've copied all the code from their github and have been working on an improved version with my team. We are about 2 weeks from launching the mainnet. We're probably not going to call it chainlink. We've been going back and forth with a handful of companies about starting an oracle network. We're gonna BTFO of chainlink using their own product, simply because we're gonna run the hype train.
Yeah this is what will happen because chainlink has no marketing and no hype.
>all star team
>one philosophy major and one average gay software developer and a cuck who lives in a trailer park on the outskirts of dallas
wew lad
>If both products work fine, people will use the cheaper one and the competition will inevitably sink LINKs price
node operators would go where LINKs cost more. obviously that competition would itself decrease prices but its not as one dimensional as you're presenting it
are you srs. let us buy in brony
what's your coins name?
>marketing on reddit
>affecting the value of the coin at all
pick one
If you seriously believe that a team should "market on reddit" in order to drive up the value of their coin, you are so fucking stupid its embarrassing.
no one cares you payed a tumblr girl to make rule 34 of a coin. stop spamming
Nice LARP, you retard basement dweller
Rory met Steve on Grindr. You see, it's an open secret that Steve is a sissy bottom. Rory was on vacation in CA with his wife and her mongrel negro child at disneyland when Rory matched up with Steve on the gay hookup app. They were both at Disneyland that day and like the degenerate homos they were (Rory being closeted), they needed to hook up in a public bathroom or behind a bush somewhere. Rory found an opportunity to seperate from his wife and negro while they were waiting to get on the pirates of the carribean ride, the wait was still 30 minutes which was enough time for a quick pozzing. Rory feigned illness from the lunch they had earlier, and headed to nearest bathroom where Steve was waiting.
After bottoming out inside Steve inside the main stall, Rory pulled out his iphone and looked at his blockfolio. Steve noticed this and asked him about his holdings. After Rory mentioned NXT, Steve told him his "thick daddy" helped create NXT. Rory was exstatic, and flew out to New York the next day to meet Steve's thick daddy, Sergey.
Even if there was another decentralized oracle network tell me what they would use for secure enclaves / off-chain processing / passage and handling of private keys or sensitive data to off-chain resources? Town crier is partnered with SmartContract.
>thinking a guy named sergey will change tge world
>Nobody buys link outside of Veeky Forums
LINK is a utility token. It will be bought in the millions by big corporations that will actually use them.
Biz, reddit, twitter, etc... These are not the customers. We are just lucky to be in early so we can get a little piece of the pie before real customers start using them.
Cool larp.
The project is closed source until they are finished. I don't know what you copied but it wasn't much.
But when though? Please I love you but you keep hurting me like this and I can't afford rent anymore I just want you to be happy.
wrong the whole thing is on github right now. it's opened source. nice larp though
What is he fuck even IS the Oracle problem
Well, you already broke rule #1...
No one knows yet. If you bought at $0.50 I think you will be back to even once they announce the main net launching. Bittrex announcement might get you close to even again.
Once customers NEED to buy them to make their product function, the demand will grow rapidly.
Smart contracts may need real world data.
Oracles feed real world data into smart contracts
>What is he fuck even
huh
How to you get real world data into a smart contract while insuring that the real world data has not been tampered with?
A network of decentralized nodes that all serve the same data into the same smart contract, insuring that if one node is a bad actor it will be identified and ignored/punished. AKA LINK.
Smart Contracts are basically worthless to the "real world" without an oracle solution. We need "real world" adoption of Smart Contracts for crypto to grow.
Oh I see. That actually does sound like a legit problem that Link solves
Explain it to me with a an example though.
Sorry for being a brainlet
Bank A wants to use blockchain or smartcontracts for more secure transactions.
Their only current option to do this is to go through a centralised oracle which is a single point of failure. This is too much risk for too little reward as, if you're a bank, why would you put your faith into a third party? No, you don't want to afford trusting a third party with your info.
Chainlink is a third party TRUSTLESS oracle and it achieves this by being decentralised. No more single point of failure- a bank can access everything smartcontracts has to offer in a 100% trustless process. No reliable or trusted third parties required.
>Get insurance for flight delay.
>Flight delayed, instantly reported to smart contract by oracle
>Funds released to your wallet, or fiat into your account
Bob and Terry make a bet with eachother
Bob bets $5000 that AMD stock will be $15 by June 15th, 2018
Terry bets that it won't
This is in a smart contract, so that neither of them can pussy out and not pay up.
June 15th, 2018 rolls around.
Something has to be able to call the price of AMD stock, and be 100% reliable, or else Bob and Terry would never be able to make trustless bets against eachother with smartcontracts.
Link ain't gonna solve anything. It's useless because others will do it better.
Lol. This is what concerns you with LINK right now?
Three good examples below, but think bigger.
Who? When?
Provide some useful info or GTFO with your FUD.
why do you need more than one source of information for a stock price? Why can't you just get that straight from the exchanges api?
god i hope you are right, i can't not have this fail, im in too deep
>Why can't you just get that straight from the exchanges api?
That is exactly what they would be doing
But how can you TRUST that whoever calls that api isn't sending back tampered with information
How can you be sure that when the exchange api is called, whoever relays that information, does so truthfully and without modifying it?
LINK
I still don't get it. Say I have a smart contract insurance policy. How would a smart contract for example check wether a car crash was real or wether an accident was real?
ITT: Baghodlers
That's up to the oracle owners to figure out
>But how can you TRUST that whoever calls that api isn't sending back tampered with information
stop doing business with pajeets for a start
A smart contract will rely on external data with preset conditions. In this instance, you would/could have sensors in your car that detect impact, damage etc. This will reliably be fed to the smart contract. Now, the information being fed into the smart contract is not the oracles problem. However, in the instance of banks using a network like this for smart contract based transactions or investments, the input can be pay x or cash out y when condition z is met.
If i'm mistaken, someone with more knowledge on this can correct me.
This is where self-driving cars come in. The possibilities are endless. This is why Link is a longterm hold.
Device mounted in the car that would report crash-level gravitational forces happened, to a smart contract.
everyone scams, champ
if its possible to screw someone out of money, it will happen.
LINK makes it impossible to feed false information into smart contracts
Quoting myself like a newfag but someone should really shill Chainlink to my countries' public transport system provider.
Link would solve so many headaches. Dutchfags will understand.
Thats the Oracle problem.
Oracles gather real world data and push it into smart contracts. How the data is gathered is up to the Oracle. There is also a reputation system in place for the Oracles.
Link is basically a framework for the future of automation.
We needs oracles
imagine u gonna fuk som ho and she lik u payin up front and u dont wanna
so u set up a smart contract, she gets the money when your nut hits her skin nom sayin?
But how the smart contract know wats good?
Oracles
Makes SNES
once it gains adoption it will be very difficult to replace. it doesn't just require outside data sources (swift/banks) but also a shit ton of node operators to validate the data
Bitcoin is making waves right now guys, wake up, there is money to be made right now, then buy link when there are actual waves.
People who invest in chainlink don't know shit. Everyone is like oohs wait for chainlink.
How about make money on other coins NOW, THEN invest in chainlink.
ok enough shilling
can we stick to FUD threads until news gets released
because with small market cap alts they can gain 10-20x overnight with one piece of news. you can try to time it but you may miss 1000% gains chasing 10-20 gainst in BTC. I hope it works for you though
town crier is open source and orthogonal to the LINK token
>implying airline companies will implement tech that makes it easier for customers to complain and get refunds
yeah fucking right they love putting you on hold for 30 minutes and transferring you to multiple indians, it's so you give up.
>Nobody cares about link.
Except Swift, Sony, AXA, BNP Paribas, Santander, Barclays, Fidelity, Société Générale, World Economic Forum, Capgemini, Gartner, etc.
You must be braindead.
source on all of these (minus Swift)?
Kek
BNP Paribas, Santander, Barclays, Fidelity, Société Générale: treasury-management.com
Sony, AXA: create.smartcontract.com
World Economic Forum: www3.weforum.org
Capgemini: capgemini.com
Gartner: pic related
I swear the FUDing and shilling for LINK is cyclic on this board
one day I'm the only shill in a thread full of 100 FUDers
next day I'm surrounded by shills who seem to be intimately familiar with the tech and have read the entire whitepaper
Lol pajeet ID
God.
We will become filthy rich
Guys WTF
Stop redpilling people on link
Keep FUD going
The problem with link is that it's yet another proof that an idea doesn't matter shit if it remains an idea, specially if the team is composed by a bunch of silicon valley tier manchildren.
Same shit with QSP and all the other crap posted.
Thanks
i swear, this is the easiest way to get rich in the history of fuckin mankind. Easier than btc. Easier than eth. Because this is just so damn obvious. Jus' ignore dat FUD n HOLD.
Why isn't Link allowed to do development?
Why do you demand that their finished product be instantaneous? Unlike any other product ever in the history of products, which all went through some kind of development?
Are you familiar with the concept of time?
These are all important questions to which we may never find an answer.
Join us next week on Brainletwatch.
>Nobody buys link outside of biz
>4.3 mil daily volume
I gotta call bullshit there user. Do you really think biz has that sort of influence with all the other shit most are currently bagholding?
>read the entire whitepaper
>be intimately familiar with the tech
top kek
>implying anyone around here would read a ~40 page document
audio book fucking when?? REEEEEEEEEE
>does not know who sergey brin is
Oh, cool user. So how many Intel SGX's did you purchase, and how did that end up working on the hardware portion?
>intimately familiar with the tech and have read the entire whitepaper
kek
LINK is an ERC20 token and does not have its own blockchain.
ERC20 is the token standard of virtual assets deployed on top of the ethereum blockchain. Ether is still needed to transfer these tokens. Ethereum is inextricably tied to all ERC20 tokens, and thus transacting with ERC20 tokens is fundamentally the same as transacting using Ether. There is no practical use for an ERC20 token that benefits the user, ERC20 tokens cannot have any features that do not already exist on ETH, and ERC20 tokens only act to lock consumers down to their platform. Therefore, there is no reason for ERC20 tokens to exist in any capacity, and all tokens are borderline scams or money grabs, without exception. We do not recommend investing in them. Please exercise extreme caution.
You realize that LINK is just used to pay nodes? It doesn't need any additional tech or features that ETH does not have. The tech isn't in the LINK token, it's in the ChainLink platform which is not tied to a single block chain (already works on 3 different chains)
wow i actually think you should never post again
read . repeat it out loud until you understand
>admitting the token you bought has no use
>he does not
never sell always buy
USED TO PAY NODES. CAN YOU NOT READ?
Not what he said, dummy
I care Marine.
I too care.
You mean like... ETH? or any other crypto in existence?
Did you stop to consider that the tokens' only purpose is to DRM the product and dodge stock regulations? Because you're not buying the technology. LINK isn't the technology. LINK is the stock. It does nothing.
The token is an important part of the decentralized oracle network. You would know what it did if you read the white paper instead of posting like a leddit-tier retard all day.
Sorry, retard. Slapping a name to an ETH contract doesn't make it important. LINK cannot function as an oracle because it is an ERC20. Solidity does not have any functions to interact outside the ETH blockchain. LINK cannot add that, it's a smart contract.
Bomb yourself to fucking oblivion.
since no one in this thread is actually giving you an honest answer, I will. Here is Links competition:
>Aeternity
>Oracle Chain
>Zen Protocol
>Oracalize.it
>Corda
you forgot one and I'm sure real Veeky Forumsraelis know what I'm talking about ;)
Shut the fuck up pajeet.
Go post big white asses and LARP as your real self, as loser.
Clowns, jokers. All of em.
not an argument. If the bags are getting too heavy there's always other ERC20 scam coins you can switch to. Maybe one of them will get a PnD
Just ignore this clown:
He ain't worth it.
none of those were invited at sibos, why would that be?
Who said that I was posting an argument.
My post was as much worth as yours beforehand.
Literally nothing.
Go hold your 1 inch wiener and dream of a life in a rich white suburb.
>Its competitors will have the brains to market their coin on reddit
Let me guess, you blew in here from reddit didn't you?
>facts are irrelevant
>all that matters is shilling my bags
latest mainnet launch would be Q2 2018 but they're trying to get it rolled out before then
big if true
even got a reaction from iron hands mcgee