ITT: Ask questions about crypto that you are afraid to ask
I'll go first: What is the oracle problem? And why is it such a big deal
ITT: Ask questions about crypto that you are afraid to ask
Cameron Butler
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Ryan Lee
Are there any crypto currency that can survive quantum computing?
Eli Kelly
It's a big problem for chainlink because it's the only thing it can do.
Tezos can do Oracles and so much more. You really think real legitimate companies want to use Chainlink ? They wont even use Ethereum.
The stockmarket of the future will be on Tezos. Billions of dollars are already on the Tezos blockchain.
stabletez.com
Gabriel James
>ITT: Ask questions about crypto that you are afraid to ask
Question that you can't even understand by hours of googling, because you lack of any concept related to the technologies. In hope to get a more simple answer here.
-> How about starting to 'study' yourself from bottom up so you understand them. Making sense out of halfassed answers from ppl who have 'knowledge' could work for you, but in the long run knowing this stuff yourself, like simple algebra is key to smart investments in near future.
William Martin
I mean I don't get it. It just is a platform where commodities can be traded? Can't eth already do this with tokenized assets? What's the point?
Also link and tezos solve very different problems so
Jose Thompson
why is op such a faggot?
Gabriel King
This
Op is a lazy retard
Joshua Foster
> It's not secure.
Tezos has mathematically provable smart contracts. It's completely decentralized. It's superior and towers above all other blockchains,
Ryan Reyes
Its a big deal but linkfags are misguided. Almost every company is working on this problem. Even the company oracle is. They really have no incentive to use chainlink as they can roll theyre own once someone figures it out.
Jacob Turner
You will come to realize literally no one knows what they're talking about and even if they do, the smart projects won't necessarily succeed. dozens of projects do the same thing and theres often no way to tell which will be adopted
Andrew Bennett
Did you misquote
Christian Green
any crypto can be made quantum resistent if necessary
Wyatt Perez
the chainlink whitepaper explains the oracle problem
but not how to solve it kek
Noah Rivera
Chainlink has solved the oracle problem, just KYC all your nodes and don't let anyone else participate.
Andrew James
so is it true that Craig Wright's court case is essentially determining the date of BTC vs BSV? or is this just hyperbole from BSV bagholders
Dominic Turner
*Fate
Brandon Thompson
Can the Gemini exchange be used for puts and calls? If so, is there a video or article that would help me understand the process?
I want to use a regulated US based exchange if possible.
Nolan Powell
The Oracle Problem can be explained like this.
Imagine you're at McDonald's and you want a McChicken. You give your order to the cashier and when he passes it onto the cook, he tells the cook you wanted a Big Mac. The cook prepares the Big Mac, gives it to the cashier, who then he gives it to you. Now you're expected to pay for a more expensive burger that you didn't even want :(
In this scenario, the cashier is the Oracle and the burger is data.
Chainlink solves the cashier problem by letting you select how many cashiers you want to relay on your order to the cook for a small price. Logically, the more important the order, the more cashiers you'll select.
The idea here is that the cook will prepare the order that the majority of cashiers say is correct and the chance that the cook is able to prepare the correct order increases when more cashiers are involved. Consequently, the cashier that relayed the wrong order and is shit at their job gets fired. The Cook gets paid by McDonald's, the cashier(s) get a small tip from you, and you get your correct order. Everybody wins!
Julian Taylor
Bump
Jordan Bailey
>why is it such a big deal
it really isnt
Chase Evans
>I'll go first: What is the oracle problem? And why is it such a big deal
Blockchains are built from the ground up to be secure and tamper-free. You know that transactions that goes on on a blockchain can't be manipulated without control over the blockchain. This is how trustless smartcontracts were derived, where you don't need to trust that it will work as intended. But here's the problem, smartcontracts are useless without outside data. If you were to do a contract/deal/bet/whatever with someone, how you're going to do it with some event, no? How does the contract know the event happened? How does the contract know the outcome of the event? The entity that pulls that information is called the oracle. However, how do you trust the oracle? Having a faulty oracle undermines the entire point of using a blockchain as now we have a single, critical, point of failure on between event and the blockchain and from the blockchain to the users. And as well we all know, the weakest link breaks the chain.
That is the oracle problem.
Gavin Miller
so coins dont work right yet
lol
Daniel Harris
Can nobody help with this? I want to dca into crypto but somewhat insure my dollar value.
Levi Young
Bump
Fucking bullshit... do you guys really only limit order buy and sell, or gamble with leverage, on Chinese exchanges while arguing about oracles on a cartoon forum? There must be an adult in the room somewhere.
Leo Scott
Fucking KILL YOURSELF you worthless piece of human trash. You don't deserve anything.
Joseph Cruz
How do I start? I want to make it too
Elijah Reed
how much money can you afford to lose and not be ruined by it?
Carter Cooper
What crypto should I invest in and why?
Blake Powell
About 2000-3000 dorra I suppose.
Evan Wright
What is a "coin"???
Noah Sanders
Nolinker cope
Kayden Williams
All in Link fren
Angel Sanchez
Answer me this. I'd the whole point of crypto is to be decentralized for the purpose of mot being tampered by with humans then what's the fuck point of adding centralized Oracles you fucking meme following brainlets. Fuck me. Buy Tellor you stupid faggots. The link meme pump is done. Now it's just reddit man whores trying to make it move higher
Nolan Smith
1.5k ETH
1.5k LINK
Owen Young
I know what coins are I just don't know how to safely start or how to track the market really. I've heard of physical keys and all kinds of bull shit.
Wyatt Hughes
What is the best wallet to use?
Parker Hernandez
Open coinbasepro account, deposit monies, buy crypto.
Download AtomicWallet, send crypto from exchange to wallet, have your wallet on your phone and PC, it tracks prices too.
Logan Baker
sorry but cashiers don't deserve tip. what am i supposed to tip them for not spitting in my burger or something? take my order and give to chef is their job, it's not even a hard job, and they get a wage for it
Carter Rivera
>I don't know, I only swing crypto with 30x leverage, but your adult investment question angers me. ~ You.
Awesome! Response.
Anyone else?
Dominic Collins
>claims other people are retarded
>can't even do a search that takes 2 seconds, demands spoonfeeding
Wow sounds super mature, he's a full grown big boy who doesn't know how to google! You want your hotdog cut into bite sized pieces?