Open Oracle makes Chainlink obsolete. It's basically a better and free version of Chainlink (no token needed)

Question is...why aren’t we dumping rn?

so glad i sold above $4

it's a centralized network (as confirmed by Vitalik).

And TEEs are made obsolete by Open Oracle. The data is signed, no need for TEEs.

It literally makes Chainlink obsolete. How about you learn to code and then maybe you can make some points that make sense?

Chainlink is centralized, as confirmed by Vitalik

No, it makes Chainlink obsolete. No one will use this with Chainlink, because it does Chainlink's job, but better. Sure you could use both, but no one will, cause it's redundant.

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from coventry, it's actually a good thing you fucking nigger fudder

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>No, it makes Chainlink obsolete.
Nice refutation you fucking dipshit retard. Why not try actually putting in EFFORT into your fud?
>hurr no it doesn't :^)
fucking seriously try harder

yeah OP *wink wink* its def centralized (lolz!). there def NOT several entities providing oracles! *wink wink* hehehe good thing we sold above $357 right? haha *grabs op's buttcheek*

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kek no, it's not a good thing. It makes Chainlink obsolete. It doesn't make it more robust. Well it does, but it makes it so robust that it completely removes the need to use Chainlink at all.

Learn to code, maybe one day you'll understand.

>it's a centralized network
no
>TEEs are made obsolete by Open Oracle
what the fuck does that even mean?

> How about you learn to code
the fuck does this have anything to do with the coinbase news?

> because it does Chainlink's job, but better.
better how? the fuck? do you even understand what you're talking about? or you're just shitposting?

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dude you got to try harder at this fud lmfao

All those node are KYCed by 1 individual: Sergey Nazarov. It is literally confirmed to be centralized, as proven by Vitalik.

I literally proved you are incorrect. How about you learn to code, then maybe we can have a discussion that you can understand.

obsolete how? explain you fucking gypsy inept retard

LOLZ!!!1

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They made a cryptographically verifiable data feed ready to be consumed by any oracle.

Only difference between this and an unsigned exchange API is that this makes it possible to cryptographically verify that the original source data feed was indeed Coinbase's.
It makes the entire sequence more reliable.

Every exchange should do this, it makes Chainlink more robust.

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so much COPE AHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAH DUDE YOUR FUDDING LINK ON THE BOARD IT WAS BOARD ON GO TO REDIT IF YOU WANT TO MAKE A DIFFERENCE HAHAHAHAHAHAHAH

OP I don't want to talk about Chainlink, but I do want to know more about Open Oracle.

Am I correct that it's entirely trust-based? I.E., the contract specifies which feed providers you trust, and it uses their prices?
Is there any incentive for the feed provider to be honest? Is there any incentive for a feed provider to be dishonest?
Is there any reason to trust that a price feed is accurate, other than the "real world" reputation of the provider, which you hope is good enough that they won't have a reason to screw over the contract or figure out a way that being dishonest would earn them money?

LMFAO GOOD TRY
>PROVEN BY VITALIK
HAHAHAHAHAHAHAHHAAHHAHAHAHAHAHHHAHAHAHAHA

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>All those node are KYCed by 1 individual
That in no way makes them less independent.

Athletes at the Olympics are all registered by the IOC, but that does not mean they're all on the same team.

it's as if i'm talking with a fucking dog, this guy has no discussion, he's like:
>HAHAHAHHA KEK LMAO its OBSOLETE

it's as if he leanrt the word obsolete and doesn 't even know what it means.

>learn to code LOL

does this guy actually think biz is a retard board or something?

kek, if you learned how to code, you would actually understand my arguments and realize you're incorrect.

You're accusing me of being dumb because you're the one who's too dumb to know how to code and actually understand the tech.

You're basically an ape trying to play chess, getting mad because he doesn't comprehend what's going on.

This comment literally confirms it makes Chainlink obsolete. You're just too low IQ to understand it. Code for a few years and then you'll have the background to realize.

research what signing data means. there's no need for TEEs if the data is literally signed and verifiable by the smart contract itself. It makes TEEs literally obsolete. In fact TEEs is just another form of signing. You don't need to sign twice.

this guy is fudding every link thread with the same pictures fren. he doesn't know shit he just lost his stack swinging

COINBASE IS A SINGLE ENTITY
HAHAHAHAHAHAHHAHAHA
TRY HARDER TRY HARDER TRY HARDER

there's no need for TEEs if the data is literally signed
holy fucking shit, what the fuck are you talking about?

like a broken record
>learn to code! code! it's obsolete! obsolete!

COMING FROM THE GUY WHO CANT STOP SAYING ITS "PROVEN BY VITALIK"
AHHAHAHAHAHAHAHAHHAHA
HE CALLS CHAINLINK CENTRALIZED WHEN COINBASE IS A SINGLE ENTITY AHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHHA

yeah i think i saw him in many threads, hes a fucking retard that just FUD after FUD, can we even call that FUD? it's fucking retarded, he just laughs and says it's obsolete and learn to code...

my fucking god, what the fuck is this shit, sure biz quality deteriorated, but now literally animals are browsing biz

PRAY FOR OP HE MISSED BUYING CHAINLINK UNDER TWENTY CENTS HAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAH

research what signing data means. there's no need for TEEs if the data is literally signed and verifiable by the smart contract itself. It makes TEEs literally obsolete. In fact TEEs is just another form of signing. You don't need to sign twice.

>relying on a single data source for an asset that is traded on multiple exchanges
>but it is okay because they """signed it"""

>what is flash crash
>what is manipulation

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>That in no way makes them less independent.
It literally does. There's 1 point of failure: Sergey Nazarov.

I recommend you improve your IQ, because that's not even coding, that's just simple logic.

If a project requires KYC to be sybil resistant, it's centralized. Simple as that. Your "arguments" don't matter. It is a simple proven fact that "If a project requires KYC to be sybil resistant, it's centralized.".

If you disagree, you're simply incorrect.

And Chainlink absolutely requires KYC to be sybil resistant. There is no other mechanism for sybil resistance implemented.

Learn to code, then you'll understand what I'm talking about.

How do you expect to understand a language if you don't speak it? I literally cannot dumb it down anymore. Learn. to. code.

Coinbase is centralized oracles. So is Chainlink. But coinbase uses a free standard without token. Also people trust Coinbase, no on trusts Chainlink. Coinbase will win.

Nice arguments. You've been BTFOed I see.

>It literally does. There's 1 point of failure: Sergey Nazarov.
You have no idea what KYC even means lmao.

>Also people trust Coinbase, no on trusts Chainlink.

Coinbase trusts Chainlink

what the fuck is your purpose?
coventry just closed the subject regarding data signing, he just said it's a way to verify the origin of the data, the message is signed with secp256k1
coinbase simply improved the availability of its price API on the blockchain, that's all, so third parties like chainmlink can easily integrate.
if they simply added the feed to their oracles, then you wouldn't be sure it comes from coinbase.

this is just a better way to distribute their paid price feed.

and here you are sperging out on nothing? what the fuck are you doing, you sound completely retarded...

and btw chainlink is a general purpose oracle, it doesn't provide price feeds only, this is just one of its thousands of usecases.

coibase isn't going to distribute something other than their price reference. BTC binance partnered with chainlink to distribute its price feeds...