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re: Official CryptoTalk Thread

Posted on 6/12/19 at 8:32 am to
Posted by stout
Porte du Lafitte
Member since Sep 2006
180621 posts
Posted on 6/12/19 at 8:32 am to
quote:

Then when presented with information that challenges your view it’s either ignored or dismissed.





What a lie. No one has presented any information that I ignored. The little "information" presented on why LINK is so wonderful I have countered that those things presented are being done by other coins and then I get no counter to that and is ignored.

I am still open to hearing what LINK is claiming they will offer that no one else claims they too will offer.

Posted by ScaryClown
Member since Nov 2016
5847 posts
Posted on 6/12/19 at 9:13 am to
Chainlink and matic announce partnership!
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/12/19 at 10:01 am to
So many other coins doing the same thing yet everyone wants to use Chainlink

LINK

Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/12/19 at 10:04 am to
quote:

I am still open to hearing what LINK is claiming they will offer that no one else claims they too will offer.


Just look at the digital ecosystem Link has built through crypto partners, fintech, and legal services all saying they will be using the Chainlink decentralized oracle network for api data into the contracts. Look at the 10K node calls from the first 3 nodes live on mainnet providing the data. I’ve given the answers multiple times about what makes them unique and who they are working with and linked to but you ignore it.

Posted by stout
Porte du Lafitte
Member since Sep 2006
180621 posts
Posted on 6/12/19 at 10:26 am to
quote:

all saying they will be using the Chainlink decentralized oracle network for api data into the contracts.



Saying? Anything firm on that in writing like a contract? Because that could be subject to change otherwise.


quote:

I’ve given the answers multiple times about what makes them unique and who they are working with and linked to but you ignore it.



Maybe way earlier in the thread but you have not given these details when I have asked so I appreciate it.

I will look into what you are presenting and see what I think of it. Thanks
Posted by stout
Porte du Lafitte
Member since Sep 2006
180621 posts
Posted on 6/12/19 at 10:28 am to
quote:

So many other coins doing the same thing yet everyone wants to use Chainlink

LINK




That link doesn't do what you think it does IMO

It's a partnership between two startups best I can tell?

Does one of them offer something proprietary? Why should I be excited about the partnership and what does it mean for LINK?

Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/12/19 at 10:50 am to
quote:

That link doesn't do what you think it does IMO


How about this link? You can do your own research if you don’t understand that almost every crypto project worth a shite has announced the intent to use Chainlink to bring data into their smart contracts.

LINK
Posted by stout
Porte du Lafitte
Member since Sep 2006
180621 posts
Posted on 6/12/19 at 11:01 am to
quote:

every crypto project worth a shite h


I guess this is the issue where we won't see eye to eye.

Who is to say which crypto project is "worth a shite"

I don't see much to distinguish one from the other right now. They all use the same PR/buzzwords and all say they will do the same thing. None of them offer anything proprietary over the other.

Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 6/12/19 at 11:25 am to
One thing that baffles me about Etheruem is how much is being built on top of it and yet they still have no scaling solution. Apparently everyone is just assuming they will release an update at some point that will allow the network to scale and support all of this activity. My understanding is that as of now the network can only handle 15-25 TPS.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/12/19 at 11:44 am to
Which is why Chainlink using threshold signatures is pretty huge.
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 6/12/19 at 11:46 am to
What is it and how does it work? Does it effect security and decentralization of the network?
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/12/19 at 11:59 am to
Basically you aggregate all the data of chain and then combine it into one transaction thus only paying one gas fee. So in Chainlink’s case they can pool thousands of nodes to reach consensus on the data and pay gas for one transaction

You can read more in this Chainlink PR piece.
LINK
This post was edited on 6/12/19 at 12:02 pm
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 6/12/19 at 2:32 pm to
You understand all of that math?
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/12/19 at 2:56 pm to
No but I understand the basics of it. I don’t need to know the code for execution.

You can also watch the presentation from scaling Ethereum

LINK
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 6/13/19 at 10:43 am to
quote:

No


So it comes down to a matter of faith.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/13/19 at 11:58 am to
Well looks like Google cloud developer has faith...

LINK

quote:

Below, we'll demonstrate how a specific smart contract platform (Ethereum) can interoperate with our enterprise cloud data warehouse (BigQuery) via oracle middleware (Chainlink).


quote:

To retrieve data from BigQuery, a Dapp invokes the Chainlink oracle contract and includes payment for the parameterized request to be serviced (e.g. gas price at a specified point in time). One or more Chainlink nodes are listening for these calls, and upon observing, one executes the requested job. External adapters are service-oriented modules that extend the capability of the Chainlink node to authenticated APIs, payment gateways, and external blockchains. In this case, the Chainlink node interacts with a purpose-built App Engine web service.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/13/19 at 12:09 pm to
Strap.In.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/13/19 at 12:19 pm to
Anybody home?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 6/13/19 at 12:20 pm to
Posted by jmcwhrter
Member since Nov 2012
7815 posts
Posted on 6/13/19 at 12:26 pm to
now gotta plow through all the bagholders from the 8-chan days
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