>Open Oracle is literally a COMPETING standard
Does CL actually have a protocol which directly competes or is this FUD true garbage?
Open Oracle is literally a COMPETING standard
Kevin Price
Brayden Turner
Up
Ian Wright
Up
Charles Lewis
Down
Evan Sanchez
Both Coinbase and Open Oracle (Compound) have been shilling Chainlink by name in the context of this news.
John Harris
look
everyone making smart contracts for the real world needs some kind of oracle
chainlink promised a "decentralized trustless oracle" but never delivered (is it even possible ? who tf knows) and pivoted into a I-swear-guys-you-can-trust-my-data-oracle
coinbase shipped the very same thing because they CBA use chainlink and paying the fees (and the tech is trivial anyway)
If I was chainlink bagholder I wouldn't feel too good
Sebastian Robinson
Does this mean Chainlink is obsolete now?
I mean Coinbase if they have decentralised Oracles they are going to destroy Chainlink by default.
Should I sell my 33k Linkies?
Ryder Cox
>look
Opinion discarded. You type like an absolute brainlet
Jack Barnes
>Does this mean Chainlink is obsolete now?
Imagine being this illiterate.
>Should I sell my 33k Linkies?
You? Absolutely.
Mason White
So they answer is yes, CL is (*also*) a provider of oracles.
Christopher Hughes
I am asking a serious question moron, explain it to me otherwise I will fuck your mom again.
Justin Morgan
You know CL is more than an oracle protocol right user?
Isaiah Richardson
No, this project by Coinbase+OpenOracle is a feature that allows the users of any oracle (they mention Chainlink by name) to cryptographically prove that the source used by the oracle (they mention Chainlink by name) was indeed Coinbase.
See the literal words of the Coinbase dev here: >To this end, Coinbase Oracle is simply adding a signed price API
This is in no way, shape, or form a competitor to Chainlink.
As confirmed by the two companies behind this project (Coinbase and Compound)
Adam Nguyen
The token is not.. you haven't invested in the Chainlink company, you invested in a token they are using for one purpose.
Jaxon King
No idiot. Why would coinbase not use chainlink? They've listed it, their revenue from it will be huge once staking is released.
Landon Stewart
yeah, better address the form
content might hurt a bit more
Aiden Adams
It's actually very telling that Coinbase (and Compound) went of of their way to clarify that this does not compete with Chainlink.
Austin Rogers
You should just sell because you’re too stupid to hold anyways. Save yourself the trouble
Bentley Anderson
We have worked to get you protected from a single-point attack,
Yes, that is settled,
Our TACHYON Anti-Analysis uses multipath routing to divide into portion users encrypted traffic through several nodes to prevent single point attacks.
Adam Stewart
>>CL is (*also*) a provider of oracles
>No, this project by Coinbase+OpenOracle is a feature that allows the users of any oracle (they mention Chainlink by name) to cryptographically prove that the source used by the oracle (they mention Chainlink by name) was indeed Coinbase
That’s the OpenOracle protocol. Chainlink in general isn't an oracle protocol. It's a network/framework that consumes oracles like this one you're mentioning. Question in OP is if Chainlink has ALSO developed an oracle protocol that Coinbase decided not to use.
Levi Morris
>a fucking token
Thomas Hall
>The token is an oracle protocol
Michael Flores
Like the Coinbase guy said: Coinbase's signed API system is a "trusted input" for Chainlink's "oracle system".
James Campbell
A trusted input... on the OpenOracle protocol. OpenOracle is like http. I wondering if the CL project has ever proposed a different one.
Angel Carter
You're not quite getting it.
All this coinbase thing does is allow end users (downstream from the contract-serving oracle) to cryptographically verify that the source used by the contract-serving oracle was indeed Coinbase (in this case).
When you think about it, all data sources/APIs should sign their data, it makes using Chainlink so much more secure.
Angel Miller
Will LINK go back down after BTC halving and then shoot back up? I wanna buy in at $3.50, ideally lower.
Daniel Walker
Why do people say they could have used a more LINK-friendly option then? Was there ANY alternative for CoinBase to use that would have been more bullish for us?
Jonathan Brooks
You would have to be a retard to invest in ChainLink on the basis of weekly price movements. If the upside is higher than the downside, you buy. Or else risk getting left behind the instant Forbes publishes an article.
Lucas Wood
The content is literal garbage written by someone that doesn't even grasp that Chainlink is a decentralized Oracle NETWORK. It's not worth addressing.
Andrew Davis
these guys are actively spamming the board with link FUD for over a week now and this is the best they can find lol
fud that is disproven time and time again and they have nothing else to come up with
Samuel Stewart
>Why do people say they could have used a more LINK-friendly option then?
Because they don't know what they're talking about.
Only the source can sign to prove he is the source.