ChainLink does not solve a real problem

> "Free markets"

Bullshit. We are in a corpratocracy.

I just went to the chainlink site for the first time ever and holy shit is it bad.

>company logos everywhere
>shit layout
>2 team members

why is this good again? did people actually think this would work?

What if all the customers who pay $billions for that data that they have never had any problems with say "Nah, we're good."

When they write these contracts that are depending on some external data, they just write into the contract what data they are going to use. For example, the end of day close on the NASDAQ, or the rate quoted by Thomson Reuters, etc. They're not stupid. And they don't have an oracle problem.

Anyone who thinks dapps or blockchain smart contracts are going to become adopted by financial institutions are fucking brain dead. Really guys, just save your self from trying to debate with these LINK lunatics.

What would your risk management department say if you trusted just one these APIs with billions of stockholder cash? I think they would say, is there a better way?

No, you have it all wrong. when they write these contracts the altercation data is stored in an oracle. The oracle can pay the node operator in LINK, ETH, BTC, or whatever in order for the data to be written onto the block chain. This allows scam sergey to give brainlets the idea that a token that the network doesn't even need can moon to $1000

SELL SELL SEEEEEEEEEEELLLL REEEEEEEEEEEEEEEEEEEE

>doesn't even need can moon to $1000

if you buy coins based on the flashiness of their website you're gonna have a bad time

I think the real value here is in securable contracts.

Bending terms and other minor BoC's cause companies large amounts of money and distress.

Having a contract that would undeniably run through, regardless of shifting attitudes, would be a new, but hopefully welcome change to contract performance.

You are only seeing this from the perspective of decentralization, your critical perspective is not entirely wrong but you do seem to lack some fundamental understanding of what exactly the concept of decentralization provides to these industries.

ANY industry with dusty old data feeds/API's will benefit from a middleware solution such as ChainLink because it will allow a myriad of existing and to be created dApps to utilize that offchain data without having to create their own plugin.

Maybe you're just fudding but if not you should probably save yourself the embarrassment of seeing link over $5 and take a position now while it is on sale. If you don't see the value in the extensive PoC work done with swift on bond payments, partnership with ZepplinOS, and possible partnership with Docusign and implications of smart contracts in finance, insurance, and legal industries then you deserve to be poor for being a brainlet masquerading as an intelligent speculator

>being this dumb

Oh you fucking faggot, I can already see the circles in your calendar, learn to fucking share.

Funny because they are relying on these APIs with billions of stockholder cash and everything is going just fine. It's not the banks and corporations that said they have an oracle problem and therefore need ChainLink. It's a bunch of NEETs who say there is an oracle problem and they need ChainLink.

This allows scam sergey to give brainlets the idea [that a token (that the network doesn't even need) can moon to $1000]
can you read?

not an argument, keep coping and holding onto your worthless linkies. I hope you hold them all the way down to 1 sat, keep buying more, and lie on your deathbed regretting that you didn't spend a few minutes researching and thinking for yourself, and you could have bought nano and actually been able to enjoy a rich life.

lol you don't even know what you're talking about ffs kys

Why is this face so unsettling to my light-skinned pajeet brain?

ok, how about B2B contracts? Where you might have an incentive to select biased data?

The other party has an incentive to not enter into a biased contract.

Well the smart contract will undeniably require an oracle. The question is whether to choose the centralized or decentralized provider. Link is betting on the decentralized route. IMO it is like choosing etherdelta vs coinbase. Yes coinbase is shiny and has a clean UI, whereas etherdelta is resistant to US regulations

Avoiding regulations only appeals to criminals and poor people. The rich are the ones who pay congressmen and bureaucrats to write the regulations. The rich like regulations.

It's as simple as transmitting accurate data securely. Centralized oracles can't do that. Either they are a point of failure susceptible to attack or malfunction, or the data source they transmit is a point of failure susceptible to attack or malfunction.

Make it harder for the system to break down, whether it's purposeful or not,that's all link is about.

buy low, sell high.

checks out,

thanks bought 100k

You would only participate in a smart contract if you were absolutely confident that you plan to honor the terms of the agreement. Chainlink solves the problem of expensive and inefficient agreements where one party can attempt not to honor the terms. To use a smart contract is to offer a seal of trust and transparency to whoever you do business with, and this will be the defacto avenue for making contracts in the future. The old way will be seen as dubious and manipulative and just plain slow, and no one will choose to do business in paper with middlemen