Charli3 team, Cardano's native premier defi oracle (with a grand total TVS of roughly... $50) is claiming:- Cardano Foundation never helped them financially. Seriously, what the fuck are they doing over there that after 5+ years they still don't have working dapps and still haven't realized the importance of oracles, refusing to boostrap anything despite large token allocations for this very purpose. How did they remain so cheap for so long, neglecting their ecosystem and shareholders? Baffling!- They will soon die due to Chainlink- Chainlink was getting paid at least 15M per chain integration in 2022, and the number is higher today.- Cardano would require a hardfork to have Chainlink oracles- Cardano is also now paying 8 figures to other third-party services like USDC. They're so far behind other ecosystems but seem desperate to catch up now and have become willing to pay up. This brings the question: which is more valuable, the protocol paying other protocols 8 figures to survive, or the protocol receiving 8 figures from many other protocols? The market seems to have decided it's the former rather than the later, strange!- They're also showing they're such a professional team, butthurt gossiping about the business model of competitors with randos on twitter. Certainly, this will help them survive.Questions about those Chainlink 8 figure deals- Are they really revenue, or just covering gas costs (no profit)?- Are they going to the Reserve Buybacks?- Are they one time payments, or yearly coverage?- Will this model extend after CRE? Some sources said CRE would involve universal chain adapters or at least self-serve tooling for chains to deploy their own integrations instead of being reliant on CLL (with CLL's goal for CRE to be being able to integrate hundreds of chains easily)
>>60884681this is actually somehow bad for chainlink and shows they are a protocol making no money and chainlink bad
Can any high IQ individual tell me why is chainlink so superior to their competitors? I understand the importance of oracles but why can't others replicate them? The Chinese can replicate anything and fast. Is Sergey like the superior man or something?
>>60884748basically he's an industry plant and financial institutions want to continue their power trip, colluded and will be the first trusted node network of oracles providing financial information. Who do you trust more, the oracle network that has the data directly from and provided for by jp morgan, swift, dtcc or some rando chinese company scraping that info on the clearnetthats basically it, also the fact that chainlink seemingly doesn't want to scam its users like in the pyth 30k liquidation case, where all 3 network providers where pointing the finger at each other instead of owning up
>>60884748>>60884775to piggyback off this chainlink also aggregates data and the nodes reach consensus before reporting. pyth just reports directly from the source. Chinese "equivalent" would likely be the same
>>60884748Network effect.
>>60884681>ADA will soon be irrelevant>XRP will soon be irrelevantwho's next
>>60884936not really a longtime horse but hyperliquid will probably blow itself up this cycle if we still get some kind of real bullrun
>>60884748Blockchains work by reaching consensus on a deterministic data point. Every miner involved has to come to the exact same valid hash result.Oracles on the other hand work by reaching consensus on completely random and unpredictable data points (e.g. speculative fiat price, weather data, ...).Not only did devs before Chainlink underestimate how hard it is to reach consensus on unpredictable data, they often didn't even consider that they needed consensus in the first place. Hence all the centralized oracles (oraclize, maker, coinbase/compound, ...).And guess what, you not only need consensus among oracle nodes, but you also need a kind of consensus among participating blockchains, data sources, users, ... to all move towards a unified standard.This is the trickiest part of all.Take any PoC from Swift, JP Morgan, etc. and they use a variety of systems: private blockchains, public blockchains, various banks (sender and receiver), interest rate data source, fiat price data source, ...All of these different parties have to use a common system or it just doesn't work.This network effect is extremely difficult to achieve, and Chainlink is just miiiiiiiiles ahead of everyone.
>>60884973>All of these different parties have to use a common system or it just doesn't workAnd they do, because they have a system, and it works, without this trash chain 4chan has been trying to dump on you for over 5 years
>>60885046>they have a system, and it worksWhich is?
>>60884681Anyone care to comment on his remark abiut Chainlink offering services for free? Not so bad now, because due to the Reserve some portion of those $15mm would be LINK buybacks. But what about before the Reserve was implemented? Chainlink just did price feeds "for free" (not really for free because the chains paid $15mm)?
At least with Link and XRP there's somewhat of an investment thesis, albeit misguided. But what the hell do people buy ADA for?
>>60885187>Anyone care to comment on his remark abiut Chainlink offering services for free? Its not really free, in the sense that it is a gamble that your whole ecosystem will depend on those free services in the future. Its basically the SCALE program by link. You force the chains users to build on the free features (the exclusivity remarked by OP) and the longer the ecosystem is using those free services, the more they entrench themselves in being unable to switch if chainlink suddenly decides to call upon payment for those services, because theres either A) no alternative at that point because everyone was building on CLL services or B) the technological cost of switching will be more than just paying up for those services.Chainlink is betting on the crypto space growing and thats why they're so aggressive with the free services
>>60884748>>60884775Jumping the gun here. Chainlink's whitepaper was cowritten by Ari Juels, one of the leading cryptographic scientists in the industry. And what was novel about Chainlink was that they were a decentralized oracle network as opposed to centralized oracles at the time (they had 3rd party teams, other oracles working on the network).>>60884933>Network effect.And this is was what secured their dominance; once they got their killer usercase in securing datafeeds, it pushed them ahead of other oracles. On top of that, Chainlink kept finding new and more use cases in what oracles could accomplish, redefining what an oracle is. The thing is oracles don't need a database since their database is the blockchain. They may need to coordinate and send messages to other nodes of a network but they're broadcasting to maybe 50 nodes in a single oracle Network (Chainlink Network is composed many different oracle networks which are composed of different combinations of oracles). They have way more flexibility than a blockchain node who has to broadcast to a network of hundreds or thousands of nodes and keep a log of all transactions of the history of the network. This allows oracles to scale way faster with more functionality due to considerably less overhead.With a strong security mindset, Chainlink kept pushing out quality products that were all ultimately necessary for smartcontracts so you're at a disadvantage if you use some other oracle. Chainlink connects you to API data, has a host of EZ bake datafeeds, supplies random numbers, does automation, CCIP, and soon will have privacy tools in production.The automation service is also notable in that it was initially a collaboration between Andre Conje's Keep3rs project, but then they decided to just copy the tech and have oracles do the cron jobs themselves.
>>60885333>and soon will have privacy tools in production.DECO for me is the last really big thing for blockchains to be actually usefulPinning identity and accessing data in a zk way is so so important and really would make all of it so trustless and seamless
>>60884695Fucking hate you niggas asking ChatGPT for answers. Stupid ass nigga.>>60884748Same reason BTC is still number one despite being slow as shit, expensive and a pain in the ass to use overall. Same reason USELESS remains as the real king of shitcoins. Same reason why ETH runs everything Defi related... They were there first, AND/OR they did it best and were very early.
dumb fuck, fake nerd too
it make absolutely no sense for cardano to be in the top 50 let alone the top 10
>>60886024based troll. ourguy
>>60886517chuck scammed some VCs with bagholder syndrome. that's all it took
