Fresh dirt

  • Largest totalitarian state (China) wants to use blockchain technology for social control and repression

    Xi further said it would be “necessary to implement the rule of law network” into existing and future blockchain systems. To this end, Xi argued for a top-down approach concerning implementation, calling for guidance and regulation. Xi said testing of the tech should be widespread, including the investments in training platforms and “innovation teams” before implementation.

    Since a 2017 decision by the People’s Bank of China, cryptocurrencies are banned in the country, although a digital renminbi is being developed by the central bank and likely to launch soon.

    To everyone not living under the rock and following the Chinese way of adopting technology, we can surely expect blockchain technology used to further the governmental mass tracking and repression. Not buying your shitty coins or tokens.

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  • Chainlink is centralized, decentralized oracles are an UNSOLVED computer science problem.

    if you need to bring outside data into smart contracts, there are many centralized solutions.

    LINK is supposedly the only decentralized solution, BUT decentralized oracles are an UNSOLVED computer science problem.

    The biggest threat are sybil attacks which basically is one person/one party creating multiple identities to compromise any decentralized reputation system. Think sockpuppets, or fake accounts for farming upvotes/likes.

  • A short retelling of chainlink history

    Bunch of 4channers tried to force it as /ourcoin/ back last month during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

    Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000’s of bagholder anons.

    Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don’t know this story.

    The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

    In regards to actual project that chainlink aiming to achieve it’s nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that’s something worth noting that literally nothing is completed and you’re literally just buying a whitepaper, they have only 2 developers and they don’t communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

  • Chainlink makes me hate cryptocurrency.

    IF Chainlink really isnt a scam and is actually the next big thing then that means there has been an organized FUD campaign for years the likes of which hasnt been seen in crypto. We are talking some serious social engineering.

    If Chainlink really is just a scam then it has had an equally large campaign and should make everybody weary of every project in crypto.

    Watching this shit go from an absolute joke to one of the more promising projects in crypto makes me think I know absolutely nothing about the entire space. It makes me lose trust in everybody.

  • Lucas Geiger creator of ICO collects funds doesn't launch a token, launches another coin altogether: Openlibra

    “My friends and I invested $1M in Lucas’ @wirelineio ICO in 2018 I haven’t heard from Lucas Geiger in months Lots of false promises made by their advisor @zaoyang – such as @JUN_Omise would lead their marketing, @ethereumecf would be their investor #ICOs 

  • It costs over 8000$ (500 BNB) just to issue a token on binance chain

    • It takes 500 BNB to Issue Your Tokens. This is due regardless if you apply to the DEX or not.
    • Once you have issued your token, you then must submit an additional 1000 BNB Deposit and write a formal in-depth Listing Proposal on the forum.
    • ll voting for approval is done through Binance Chain “Validator Nodes”
    • At this time, Binance Chain network features 11 validator nodes, all of which have been pre-selected by Binance.
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