Okay link marines, I want you to actually read and understand what I write not throw a full tantrum.I see a lot of excuses why the link token is needed and why it’s the future and all this and I’m gonna debunk some.For example ETH can’t do features right? Wrong. There was absolutely no technical reason why it can’t. Ethereum foundation build layer 1 Sharding, The Ethereum virtual machine, etc. Dapp developers build smart contracts. It is up to daap developers to do so. You dont do features ON eth. You USE eth in your dapps.Even the Ethereum dev helped make ERC677 token !! Haha well, There is no rule that a developer working for the Ethereum Foundation can't build a dapp. The rule is it's not the responsibility of the foundation to build dapps. Also, Ether is not an ERC20 token so comparing the use of ERC677 to ERC20 is completely irrelevant. ERC20 is a smart contract for creating new tokens. Tron was originally an ERC20 contract on Ethereum. ERC677 is just another smart contract for creating tokens similar to ERC20 but a bit different. Ether is the blockchains native coin. You can use it in any smart contract without needing to create an ERC20 or any other ERC token contract.It's like this. You have the IETF, the Internet Engineering Task Force. Their job is to build the TCP IP protocols that the Internet uses. Their job isn't to build websites like Facebook and Amazon. That doesn't mean someone part of the IETF can't get a part time job at Facebook or whatever.I have used this example before and I’ll use it again. Uniswap is a smart contract on etheruem. That is, a dapp. (Dapps and smart contracts are the same thing)Uniswap allows users to perform atomic swaps. But guess what, there is no token. It uses ether to power the smart contract. When the chainlink smart contract was written they created a bs coin and did a bs ICO instead of using the native token for smart contracts (ether). Smart? Yes! Ceo printed millions for himself by keeping 30% of the supply or whatever. If there is ever a reason to print money out of thin air, you better believe someone will do it. Does it work? Yeh it does. Can it be replaced? Yeh.. and it’s better for Ethereum to do so.Another point, oracles can just use Ether with a difficulty adjustment algorithm for managing supply and demand like every other sensible blockchain. Blaming the need for LINK on price of volatility of ether or gas is just another cop out excuse for printing money with a new token.Maybe when I have time later I could Explain the independence between the Oracle architecture and the compensation mechanism. And then go on to “defame” LINK by explaining how it is just a new token created out of thin air for payments. And how ether not only could have been used instead but why it must be used for the success of the network.Link is partnered with Microsoft and Oracle and all that. Microsoft and Oracle are not cryptographers by nature, they are experimenting a new technology and these “partnerships” are not what people think and it is way overhyped. I run websites on Amazon Web servers so I’m partnered with Amazon. Lol.Bottom line is that LINK is a middleman token (this technology is literally to eliminate the middleman not create one same as xrp) that has a use case sure, but it’s only a matter of time before someone does oracles with ETH. History shows the path of least resistance wins so there will be no reason to go to link. Ether has a much bigger network affect than link and it will be much easier to use the native token. Link being agnostic or not matters not.Let’s hear the abuse lol.This is the future I see as I don’t see the need for a seperate token for a single feature. That’s my opinion but the rest is not. Eth can do features and eth can be used for oracles.
Submitted March 12, 2020 at 07:15AM
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