Crypto Currency Thread
Discussion
DrSteveBrule said:
I have enough Link left to sell to make a difference to my life. It's a waiting game to see whether it pays for a new kitchen, a new house or a private island 
Well done on making back your outlay. Wait long enough & you'll be able to buy a wooden spoon.Connecting up multiple trusted centralised data feeds to do a multisig oracle service doesn't need a token. Unnecessary utility tokens never end well and (at best) you'll see a competitor fork it without the token (see 0x). The sock puppet marketing of this pointless token via a supporter's army reminds me so much of ripple.
provable.xyz does much the same thing but is less complicated because it doesn't add its own token. Its business model is sensible - you simply pay for the service if you want to use it.
Lemming Train said:
DrSteveBrule said:
Thesprucegoose said:
I'm surprised you haven't bought some more now it is half it was a few weeks ago?
I'm happy with what I have; I've got my capital back so anything from now on is pure profit. I have enough Link left to sell to make a difference to my life. It's a waiting game to see whether it pays for a new kitchen, a new house or a private island 
So confident in the price recovering and going to the moon that you are "happy with what you have" and aren't buying any more. Rightio !
Behemoth said:
Connecting up multiple trusted centralised data feeds to do a multisig oracle service doesn't need a token.
Link connects decentralised, hitherto untrusted data feeds and verifies them. Its purpose is to enable more decentralisation. The reward for providing verifiable and reliable information is paid in Link tokens. The penalty for providing false information is losing the staked Link needed to power the nodes; kind of like insurance.Behemoth said:
Unnecessary utility tokens never end well and (at best) you'll see a competitor fork it without the token (see 0x).
Forking the tech is a possibility; embedding yourself with the likes of Microsoft, Google, Oracle, Openlaw, Swift etc. is another thing entirely. Behemoth said:
The sock puppet marketing of this pointless token via a supporter's army reminds me so much of ripple.
Have to agree to some extent, the fanatics are an embarrassment. Not quite as bad as XRP's shills though.As I understand it, a feed can be anything. If you've set up a node on the Chainlink network you could feed the number of ants living in your ant farm into the network.
Link works on consensus, so if there was an ant-farm call from an API and it needed information then it would have to gather info from several ant-farm nodes, compare the answers from each node and return the consensus as the correct answer.
One centralised party feeding centralised information into the network isn't what's wanted; hence why Google purchasing Chainlink (for example) would undermine the ethos. That would mean one source providing all the answers (as it does now) and there is an opportunity to bias the results (as it also does now).
Essentially any information supplied by Link to an API call would be the result of a verified consensus vote from numerous nodes rather than one single source.
Apologies if I've misunderstood the question.
Link works on consensus, so if there was an ant-farm call from an API and it needed information then it would have to gather info from several ant-farm nodes, compare the answers from each node and return the consensus as the correct answer.
One centralised party feeding centralised information into the network isn't what's wanted; hence why Google purchasing Chainlink (for example) would undermine the ethos. That would mean one source providing all the answers (as it does now) and there is an opportunity to bias the results (as it also does now).
Essentially any information supplied by Link to an API call would be the result of a verified consensus vote from numerous nodes rather than one single source.
Apologies if I've misunderstood the question.
That's not an example of a decentralised feed. Oracles aren't unique to your token, far from it. The API work is a fairly simple piece of JSON. I really don't see what this is offering & I certainly don't see the need for yet another token. Just like xrp, the technology can be built & sold as a service or product without bothering with the token. Furthermore, I don't see any difference between Google or Alan Sugar or your token's dev team owning this. There's really nothing decentralised about it.
Greshamst said:
I’ve got to say, Bitcoin has held fairly stable recently (for bitcoin), I don’t imagine this is it settling down, but it has been relatively boring of late!
Annoyingly so. I sold a bit too early at €8k expecting it to plummet again and it hasn't been below that since. 
RizzoTheRat said:
Annoyingly so. I sold a bit too early at €8k expecting it to plummet again and it hasn't been below that since.
Some time back I saw a tweet about bitcoin along these linesYou can sell your entire holding today for 2x the current market price. Only proviso is that you can never buy any bitcoin ever again
Would you?
Corso Marche said:
Anybody care to offer an opinion on LTC? Anybody expect long term gains? I'm thinking of selling the LTC I have.
Hoping for some long term gains. But who really knows....this is crypto and if I was 100% about it then i'd bet the house + more. Charlie Lee didn't really help a few years back when he sold his lot.
Financial markets looking healthy 
Storing trillions in loss making bonds because it's the least worst option. The only way to profit from these is if things get worse and interest rates drop below zero so the debt can be sold on to someone with an even more negative outlook.
And even give the above, this is still a better option than cash.
TLDR: the capitalist system is f
ked. Buy bitcoin!
https://www.bloomberg.com/graphics/negative-yield-...
Storing trillions in loss making bonds because it's the least worst option. The only way to profit from these is if things get worse and interest rates drop below zero so the debt can be sold on to someone with an even more negative outlook.
And even give the above, this is still a better option than cash.
TLDR: the capitalist system is f
ked. Buy bitcoin!https://www.bloomberg.com/graphics/negative-yield-...
https://www.wilsonsauctions.com/timed-auction/list...
Wilsons Auctions selling cryptocurrency. Presumably seized under the proceeds of crime act.
Bitcoin etc I cannot get my head round and be confident in but may be of interest to some of you.
Wilsons Auctions selling cryptocurrency. Presumably seized under the proceeds of crime act.
Bitcoin etc I cannot get my head round and be confident in but may be of interest to some of you.
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