Post
Topic
Board Speculation (Altcoins)
Re: IOTA is the next big thing
by
Lucacrebbe
on 04/05/2018, 14:02:27 UTC
https://www.youtube.com/watch?time_continue=7041&v=xWAxgO85QxU

Developer creates P2P video streaming using just IOTA network (no internet). AFAIK this translates into other P2P use cases such as chat, settlement layer, etc....

I have  to admit  that IOTA is  one  of my hodling  coin.

But  I have  a  decent IQ, so my question  is

the  oracles  are necessary to bring  the real world data into the  tangle, ok

The  Blockchain has  a   project for  decentralized  oracles.  Its  name  is  Chainlink. Remember this  name,  because  you will be shocked  from its  moon mission

Well  Smart contracts can not  interact  with the  real  world data. Smart contract  can only interact  with  on chain data.  They need  an   adaptar  for  real  world  data.

The  solution is Chainlink.

In Chainlink  you stake  your  LINKS  and  if  an oracle  acts  bad, it  loses  all its LINK  tokens... this  open the  possibilities to have DECENTRALIZED  ORACLES


WHICH  NO  PROJECT  GET


The Oracle  which provide  the correct data  is   rewared  with LINK   tokens.  All is  very trustworty and trustless


IOTA  HAS INTRODUCED  ORACLEs  in project...  so this scaries me, because  I am  a  Chainlink  hodler.

My question  is


 In  a sistem  wich  has no  reward for the people  who stake  their  IOTA,  like the Tangle is supposed to be,  how  can they run a DECENTRALIZED ORACLE SERVICE?

WHAT  HAPPENS TO THE  ORACLES  WHICH  MAY  ACT  IN A  BAD  WAY?  ORACLES  WHICH MAY ACT  AGAINST  THE NETWORK INTERSTS?.

IF  YOU  ANSWER  TO  THIS  HIGH  IQ   QUESTION,  I  WILL ADD  EVEN  MORE IOTA.  I  HAVE  ALREADY SOME  IOTA, I  WILL BUY MORE AND MORE


Seriously  can you answer to that  question?

I am  very  exciting about  IOTA, despite all the retarded  FUD  around internet,  but  I would  like to know  if  their  Oracle will be  CENTRALIZED or  decentralized


And  if  they  will be  decentralized,  WHAT  WILL PREVENT A   MALICIOUS  NODE  TO ACT AGAINST  THE NETWORK?