Thread 60877075

>And they gave us an absurd number for integration
>Sergey is an extremely smart man, he kind of sees the future
>And he knows he's sitting on a golden egg

>>60877075 (OP)
Based Sergey punishing scammers

>>60877078
HE CAN'T KEEP GETTING AWAY WITH THIS

I’ve been in crypto for a year and I still don’t understand what cardano and chainlink are supposed to be used for

Shame on sergey for taking advantage of a man of such qualities as charles hoskinson.

the chickens are finally coming to roost.

>>60877091
Fundamentally what Chainlink does is... uh... it provides users with the necesary... uh.. mathematical guarantees and... crop insurance and uh... a level of truth that... uh...

>>60877091
One is a scam, the other is not.

>>60877091
Chainlink is being used for pricefeeds, thats its main product. Right now, it has 70% of the whole defi market, ie 70% of time when you interact with a dapp (dex for example) they use chainlinks pricefeeds to update the token ticker price for their calcs or use vrfs (fancy and secure way to get a random number on the blockchain)

>>60877119
Apparently they've been at these negotiations for years but Charles refused to pay up, now it turns out that the US gov required Chainlink feeds to give a chain the green light, and with Swift going live soon, basically you cannot stay relevant as a chain without Chainlink.
PAY UP!

>ghostchain with less than 100 daily users and no dAPPs
>the future

>>60877075 (OP)
Sirgay gave Charles an absurd number just to get rid of him.

>>60877091
chainlink is for finding out if $1 is still $1

>>60877172
there are alternatives now

>>60877091
Middleman to see the prices of a scam token.

>>60877183
Lmao i could kinda see that

I would love to diversify but honestly…the only crypto company that doesn’t seem shady as all fuck is ripple/xrp

>>60877195
I do not know why. But i can tell a streetshitter typed that. Anyone else just know on this site? I imagine their head wobbling as they type, adding a sirs in mentally after pressing send.
Fortunately, I don't imagine the smell.

>>60877211
Yea ripple knows who the scams in the space are alright
At the end of the day, they all come running like dogs when they actually need to build shit

>>60877221
Its sar not sir you punjabi scum. Brownoids pretending to be white will never not be funny.

>>60877239
The brown Jew. Cries in pain as he attacks you.

>>60877075 (OP)
>And he knows he's sitting on a golden egg
and he just laid this egg recently, after another mcdonalds session

>>60877226
True, good point…sergey definitely seems less shady than charles…do individuals need chainlink price feeds or only large institutions?

pay up

>>60877239
Saar is a newfag trend. We used to just say "sir" and you'd have to imagine the accent yourself.

So Sergey gave Charles a number back in 2021, said no, and now they're back to haggling?

>in business meetings
>having dinner with
>he's a great business man

What the fuck do these vague answers mean? How does anyone serious follow this guy?

>>60877299
PAY UP CHARLES!!!! Your little pet project is irrelevant without Chainlink.

>>60877280
>do individuals need chainlink price feeds or only large institutions?
The fact you asked this questions means you wouldn't understand my answer

what is it with you zoomers not posting the link to the video and/or tweet

>>60877333
Checked
https://nitter.net/ARiHBARi/status/1962193042514771997

>>60877321
Ah yes, the ole, it’s just too complicated for me to explain…gotcha

>>60877189
In a realistic scenario nobody is going to use anything other than Chainlink. Institutional researchers already has seen what oracle exploits can do and they are not going to risk billions of dollars with an unvetted project.

https://www.bis.org/publ/bisbull76.pdf
https://www.bankofcanada.ca/wp-content/uploads/2024/07/sdp2024-10.pdf
https://medium.com/perpdex/oracle-related-attacks-in-defi-4d44ae8e3442

>>60877374
>hurrdurr i just pretended to be retarded
Ya, the ole disingenious xrp nigger
You know exactly what youre doing so stop slithering

>>60877075 (OP)
Pay up chuds

>>60877400
I think he's a newfag and genuinely doesn't get how crypto works. It's what you would expect from staying in that little smartcontractless L1 bubble.

>>60877374
how do you think aave determines liquidation prices dipshit, you've been in crypto over a year but haven't read a single piece of documentation just stared at logos and charts huh

you don't deserve to make it

>>60877239
>It's sir

MAAM MAAM MAAM MAAM MAAM

ITS ME ITS ME ITS ME ITS ME MAAM MAAM DO NOT REDEEEEM MAAM MAAM MAAM

>>60877407
>smartcontractless L1 bubble.
I remember when xrp fags where proudly claiming smartcontracts were coming and it turned out to be a leveraging eth lmao
Or when they said XRP will do its own oracle and their official documentation API even said: "Connect to [ThirdPartyOracle] here"

>>60877423
>Or when they said XRP will do its own oracle and their official documentation API even said: "Connect to [ThirdPartyOracle] here"
Kek good times

>>60877303
>in business meetings
"we came crawling back"
>having dinner with
"im paying for dinner with sergey"
>he's a great business man
"this mfer had us by the balls before I realized it because I'm a cocky piece of shit and now we have to pay an arm and a leg to stay relevant in crypto or fade into obscurity"

I trust GROK more than the partisan tribalistic retards are saying here. We are extremely close to the inflection point where hyper adoption takes place.

>>60877400
I do like xrp just because I think it’s safe…I’m not like on a team tho, I don’t care, I just want to invest in undervalued assets and see them grow in value…I can watch seminars given by David Schwartz and go, holy cow, this is the smartest guy I’ve ever heard and he can explain it where I can understand it…
I know this is a big ask but can you spoon feed me a YouTube video or two or three where Sergey or whoever made it, really explain it in an easy to understand manner? I will watch them

>>60877333
I've wondered the same thing and the only explanation that makes sense is that the people posting it are the equivalent of retards that only read an article's headline before scrolling away, they're the lowest common denominator and they don't care to read more about it because their mind is trained to get dopamine from finding new information rather than in-depth or accurate information. So the thought of giving anything more than a screenshot doesn't even occur to them because the new information was all they care about, so that's all they provide.

>>60877446
>given by David Schwartz and go, holy cow, this is the smartest guy I’ve ever heard and he can explain it where I can understand it…
Just a question, are you one of those guys that seriously believe he invented blockchain tech or made a patent of it? For some reason, theres a lot of guys putting schwartz on a pedestal because of it, when he literally just described a (shitty) version of parallel computing, something that when the patent came out, was already well understood and implemented

The fact he never denies in interviews when asked if he patented the concept of blockchains makes that dude super scummy to me

>>60877446
lol

>>60877470
Well I’d rather trust the old guy that was alive before the internet rather than these young guys that just say, in essence, trust me bro…xrp was created by Schwartz and Britto mostly…Britto created the first bitcoin exchange…the ripple dudes are legit OG’s…just give me your best “sell me on chainlink” video…I’m seriously not trying to shit on chainlink, it obviously has staying power, it’s obviously important, I’m just trying to figure out HOW important

>>60877123
this unironically

>>60877496
Theres no single video but I like this recent interview because sergey feels very human and relaxed here
>https://youtu.be/Z_QUd-6WXRM?si=d2GtjCR5sNEh7LBm

To answer your question is quite simple facts and reality. Link has a defacto monopoly on defi, be it pricefeeds or other features, specifically pricefeeds is like 70% across it all. If you believe into crypto and defi, you HAVE to believe into chainlink growing, thats how intertwined they are

>>60877123
kek

>>60877515
kek sergey transforming into another grifting eceleb is the funniest possible outcome to this shitshow of a project

>>60877091
Chainlink aims to be the notary of crypto.

>>60877091
1. Cardano is a blockchain like Ethereum. However, they adopted a horrific language which has completely fucked their adoption. Meanwhile everyone else went the EVM route. This is why Chainlink would have charged them so much (I would suspected $10m+) as Chainlink has to do a lot of bespoke work to deploy there. The other major project that didn't go the EVM route is Solana and they bit the bullet and paid up to get Chainlink deployed this year. By comparison, any EVM-based chain can be rapidly integrated by Chainlink.
2. Chainlink is not a blockchain. Blockchains are highly secure islands, isolated by design and do not know about external events and data. For example, the price of NVDA or the temperature in New York. Chainlink provides the connectivity both between this external data and blockchains _and_ between the blockchains themselves in a highly secure manner by using the same logic of blockchains - decentralization via multiple parties who are economically incentivized to reach consensus.

>>60877573
never heard of that analogy. Elaborate my good sir.

>>60877515
>Link has a defacto monopoly on defi,
and its fighting with said defi projects for a spot in the top 10

>>60877634
There are no DeFi projects in the Top 10. The highest ranked DeFi project is (arguably) Uniswap at rank 34 and Aave at rank 39.

>>60877434
>a measly 20x in 5 fucking years
what's the point

>>60877091
Chainlink is a network used to provide objective facts about datas outside of the Blockchain. Right now it's mostly used to provide price of assets for decentralize derivative trading, but it could provide any data, like meteo condition for crop insurance.
Providing these datas is necessary for smart contacts to work, so investing in Chainlink is essentially a bet on the growing smart contract economy.

Cardano is an Ethereum clone among dozens and have barely any activity on it. Back in 2017 its clame was to have a great peer-reviewed white paper, which gave it a semblance of being more legit than 99% of the obvious scams out there.

In 8 years it accomplished nothing of note, and it's basically surviving off creating a strong community back in 2017.

Cardano is fucking broke because it has no dapps and no adoption. It got a big market cap from 2021 midwits buying into it's buzzword salad and purported decentralisation "peer review" etc. Now Sergey flipped the switch, it's time to pay up, and Charles can't. Hard to see how the Cardano bubble doesn't pop here.

>>60877820
2017 midwits btw not 2021

>>60877133
I bought LINK in 2017 but don't understand this. Why can't DeFi services just query pool addresses or DEX routers directly to determine price? Is that all Chainlink is in practice, a unified API to get DEX prices?

>>60877446
>I know this is a big ask but can you spoon feed me a YouTube video or two or three where Sergey or whoever made it, really explain it in an easy to understand manner? I will watch them

https://www.youtube.com/watch?v=Z_QUd-6WXRM

There's no shortcuts to learning to understand what smart contracts do. Most people on this site don't understand its value. And I'm convinced people who work in the industry don't have a fully understanding of what Web3 is. The video I posted is the Chainlink CEO chatting about the current happenings at the Capitol and where the industry is heading.

But to elaborate on what I'm talking about:

Smart contract is a program that executes based on conditions being met. Within a blockchain environment this means there's a financial system inherently integrated so you can automate conducting business to an extreme level of reliability. For instance, a super simple example is that you can want to exchange some NFT for ETH. You put the NFT in an escrow, set a price, and whoever sends in X ETH gets the NFT. This is possible in the Web2 world (the current internet as we know it) but the problem is you need a team to maintain the infrastructure so you can buy X item in digital commerce. With Web3, you set it and forget it.

Now to explain Web3, these smart contracts live on chain and are interoperable, meaning you can interact with some protocol (a collection of smart contracts designed to do X) and even build a protocol on top of the protocol. The most notable example is Pool Together. PT is a protocol where you have a savings account with 0% interest. But you pool together your savings with other people's savings on the Aave lending market (a protocol to lend and borrow). So you can lend out to Aave or some other liquidity source, say you get 10% APY and together you pooled $1M, that's $100K a year. Once a week, someone wins the interest accrued; ~$2K. This type of extreme lego block building of protocols is only possible in Web3.

>>60878126
>This type of extreme lego block building of protocols is only possible in Web3

as basically you have access to everyone's live github onchain. For this reason I'm convinced not enough people who have jobs in Web3 truly understand what's possible because you don't see enough people building ontop of what other developers have made.

Chainlink comes into play because blockchains are super super super limited in what they do. Random numbers generated on the blockchain are exploitable, they can't tell the time, computation is extremely expensive (for most chains), and the transparency of blockchains doubles as a liability for sensitive stuff. Chainlink is a computation + interoperability + internet metalayer for blockchains.

> computation
Meaning that you can do RNG, cron jobs (automate stuff based on some set time), and soon with use Zero Knowledge Proofs to handle sensitive data
> interoperability
Lets blockchains interact with each other via CCIP
> internet
Pricefeeds and feeding any other kinds of API data from Web2

So to give a quick example of a project I worked on, I aimed to make Uber. This is easily easily feasible on the blockchain. You just need data to confirm you are at the starting location for the guy to pick you up, data to confirm you reached the destination. Use some GPS data to feed to a smartcontract and some ETH in the contract that doubles as an escrow, and you and your guy sign messages confirming onchain the usual Uber tango and the guy gets the payment immediately. The only issue with this project was that everyone can see your GPS data onchain. Chainlink has a solution for that with their Zero Knowledge Proof tech and they're needed to get GPS data on chain.

This would be way cheaper than Uber and there's clear transparency on the prices set and the revenue would be more easily split with drivers, showcasing the value of smartcontracts.

>>60878180
But the true value unlocked as a Web3 protocol would be whatever insane Rube Goldberg machine of a protocol that is built ontop of this blockchain Uber; akin to Pool Together built ontop of Aave.

>>60878180
>soon with Zero Knowledge Proofs to handle sensitive data
I'll believe it when I see it, there needs to be cooperation between the credential issuer and chainlink to ensure they're using the same standard, and smart contracts have to be architected to accept that specific standard

>>60877091
Chainlink oracles verify data such as price feeds. Chainlink is working on bridging off chain data to bring on chain. What this means is all the use cases of crypto that you’ve heard about such as smart cities is soon be possible because of chainlink. Ie chainlink is the 4th Industrial Revolution. Data is the new oil. Few understand

>>60877866
>Why can't DeFi services just query pool addresses or DEX routers directly to determine price?

I believe this is called Time weighted average price (TWAP) oracles. I didn't delve to deep into this but I believe this has gotten hit with hacks and is exploitable. Chainlink is a platform that aggregates prices of oracles queried from both onchain decentralized exchanges (DEXes) and Centralized exchanges (CEXes, writing this out for any lurker who is interested in learning), this way they have enough of a buffer to single out any price oracle who deviates too far from the rest which allows Chainlink to run without a hitch even in turbulent markets.

https://data.chain.link/feeds/ethereum/mainnet/eth-usd

here's an example.

Sergey should make him give every link staker free ADA. Its time for everyone to pay, no more free samples.

>>60877820
>cardano is fucking broke
they have ~1 billion dollars in their treasury. they can pay for the chainlink adoption. will they is a different question.

>>60878206
The last I heard which was a couple years ago, Ari Juels showed off DECO running off of TLS signatures

https://www.youtube.com/watch?v=zWTx1iQOCDM

turns out this was back in 2020. I don't know where DECO stands right now since they shifted priorities to CCIP and getting banks ready for RWAs.

Charles, land that deal

>>60878268
for it to work at scale, the prover must be remote (i.e. run by an institution) and must use a purpose-built application to perform the TLS handshake with the credential issuer, and the credential issuer cannot change anything about the handshake payload (without notifying users well in advance) or it will stop working with the zero knowledge circuit, thereby breaking any contracts that rely on the proof. So there's quite a bit of coordination that has to take place for this to be feasible

>>60878297
fair points, I'm not at all knowledgeable in basic web security, but I do understand your points.

>>60878243
Their future existence is already in question. There is no choice. Stop the bleeding and pay for chainlink integration and (maybe) buy themselves some more time? Or don't, and die by this time next year. I personally hope it just dies and frees up the capital stuck in their bloated mcap.

>>60878268
DECO is already implemented. They had a DECO sandbox but in production I think the DECO tech itself is part of the Chainlink Compliance Engine.

>>60878432
I haven't played with DECO as of yet but I am aware of it the sandbox being available for testing.

>>60877075 (OP)
this is blackmail

>>60877091
Read the whitepaper

I don't get it. Isn't chainlink supposed to be "blockchain agnostic"? Isn't all this sector about being permissionless?

Do you literally need to go, kneel to Sergey and pay him a tribute to be able to use chainlink? It sounds unreal

>>60877496
This is going to sound hyperbolic, and you should do your own research, but link is the most important crypto that exists. Even more than Bitcoin, at least functionally

>>60878699
someone has to do the work. in the case of cardano, someone has to rewrite all of chainlink's smart contracts in haskell, using the utxo model, has to implement cardano-specific monitoring and job execution into the node software, which has to take into account cardano's specific transaction and mempool standards. and they have to maintain these services indefinitely, updating as cardano updates. it's not as simple as just deploying on some random EVM chain.

>>60878729
yikes

>>60878831
in addition, chainlink's engineering resources are finite
they likely upped the price due to the lack of adoption on cardano which is only really sustained by charlies sociopathy being catnip for redditors
where chainlink deploys is not just about money being paid for the integration, they want to see real adoption where they go so they actually see fees being paid by users (defi apps) flowing to node operators for services such as price feeds

>>60878699
yes. yes you do, bitch

>>60877280
Depends on what data is being accessed and why
To start off with it will be largely business to business transactions for anything meaningful at least - which we should be seeing the start of in approximately 1.21 × 1015 nanoseconds

A mature chainlink network with access to a huge variety of datafeeds (not just price feeds) will essentially be the foundation that any number of chains can build smartcontracts on, because any wishing to do so can safely operate under the assumption that the data that their smartcontracts will receive cannot be spoofed or manipulated, hence it being a "trustless" environment because trust isn't even something that has to be considered in any capacity at least so far as the network is concerned.

Eventually this could lead to a lot of direct conditional transactions between people on an individual level, assuming that there's an intuitive and foolproof way to generate contracts at very short notice has been developed by then (it will be.)

>>60877172
We're not giving that fat delulu fuck a single cent lol

>>60877305
We haven't needed you back then and we don't need you now

>>60877607
Sup tron poster

>>60878345
>Their future existence is already in question

This has been the case for bitcoin since inception and look how far it has come

You are terribly angry at something and should seek psychiatric aid

>>60877607
Kek

>>60879065
Why do those faggots like him so much?

>>60878699
kek you can always try to build your own oracles bro.
Surely that'll go well based on historic precedent.

You pinkies broke me. If the price drops to $15 I will buy 1000 linkies and run a validator

>>60878243
They will they have no choice. Right now they're just trying to negotiate

>>60877172
The only thing chainlink feeds is sergey

>>60879649
Is that what Charles is about to pay CLL an "insane amount" for?
To feed Sergey?

>>60877336
ty
>>60877466
makes sense, it's insane though it feels like it's majority of threads now regardless of topic

>>60877433
checked

>>60878199
This is true and at the end of the day, governments would basicallly have to choose a standard from private enterprise because they are too lazy to do it themselves
Imo the most likely option is chainlink, or they do their "own" solution which is a company or team assembled by the gov, that at the end just actually uses chainlink

>>60877091
Ask chatgpt fucking retard

>>60877183
it's not a priority chain and it's annoying to build an entire set of adapters for a non EVM. They did it for SOL because SOL became an actually viable/used part of the blockchain ecosystem, but ADA is a vaporware ghost chain. So they have to charge a LOT to make this worth their time at all - the $$$ needs to make up for the fact that it's broadly a giant waste of development resources which could go towards improving useful products or onboarding significant partners instead. Business case 101.

>>60877388
It's already being used as well as chainlink, though.
https://www.commerce.gov/news/press-releases/2025/08/department-commerce-posts-2nd-quarter-gross-domestic-product-blockchain

>>60879223
>comparing anything to btc, especially ADA
>thinking I'm speaking from a place of anger
A fool and his money...

Is this bullish for Cardano or not?

>>60877433
>>60877303
I can all but guarantee you Sergey offered Cardano whatever the standard rate is, and Hoskinson was offended because he bought into his own hype a decade ago and thinks his ghostchain should be given special treatment.

>>60880315
This post should win an award for irony
What a sad state of affairs

>>60877211
imagine unironically believing this

>>60877866
Liquidity for most assets doesn't exist entirely on a single chain or only on one DEX. DeFi history is littered with the corpses of protocols who failed to account for this and hundreds of millions of dollars have been lost due to mispricing. Accurate pricing requires full market coverage (both on-chain and off-chain volume).

>>60881170
You can literally just have a middle man guarantee the price.

>>60880659
No, Cardanus is a scam.

I bought LINK in 2018 and I am STILL holding onto it

charles WHERE are the dApps? charles? the dApps, charles, where are they? where are the users? the smartcontracts? I'm tired of hearing about your stuff animals and vacations, I want to see some fucking results

>>60881335
>charles WHERE are the dApps? charles? the dApps, charles, where are they?
do they still not have any? does their example dApp even compile yet? top kek.

>>60881725
Oh my god of course that onions faggot has a thanos glove proudly displayed in his office

thank you based oldheads for finally posting alpha on this stupid f*cking b**rd (I can't You all the posts cause system thinks my alpha is spam of course)
brainlets take note and read
especially watch
>>60877515
and the NYSE interview https://www.youtube.com/watch?v=yG4pcDZeIs8
yeah it's like several hours but worth it. this is a great summary of the bull case and establishes where we've actually gone since 2017. the inrush hasn't happened yet but it's positioned and well-capitalized with unanticipated network monopoly effects. sir g*y is literally laying it all out on these 30k, 8k view podcasts. lol.

>>60881278
Exactly. Every time I need to know the price of something I call my middleman, Mr Bergstein, and he lays it all out for me. That's what I call trust.

>>60877091
Chainlink is how blockchains talk to the real world. Cardano is the OS they’ll be running on.

>>60878126
>>60878180
>incel manifesto
have sex

>>60883055
No, you get a contract. That's was the Ripple ODL service does.
They just say here's what you traded for and that's it. It's called a CONTRACT.
No smartness needed.

>>60877075 (OP)
Good make this kike grifter squirm
KKKant wait to see this smarmy fuck charles in orange and after said orange living a life of pure terror knowing thousands perhaps millions want to filet you alive for scamming them.

>>60877075 (OP)
I wonder if the liveleak of him getting his fingers chopped off with gardening shears by angry reddittors will be "peer reviewed"......in minecraft.

>>60884633
You type like a nigger

>>60877075 (OP)
i thought charles resigned from cardano or some shit. was that fake? i remember vividly reading threads about him having like a meltdown or some shit and saying he's done.
>>60877123
Made me chuckle because, truly,
>>60877133
None of this shit matters. Nobody truly cares. How many people are using DeFi nowadays for anything *but* farming yield? Does buying $SON and $DOGE and $PEPE and all that other shit count?

The end game

>>60877075 (OP)
Insider here. It wasn't an absurd number. Charles refused to give up his prize show cow to Sergey because Sergey wanted to turn it into big macs for the white house dinner. ADA could already have Chainlink integration for the price of a show cow but Charles is greedy.

>>60889142
Very happy with cardano paying you, but will I, a holder, ever see the color of this money?