You dont need to know anything about me other than the fact that I know my stuff when it comes to how contracts work in the real world. I'm not important. I don't have insider connections. But I have niche expertise that you should probably find valuable. And such a gem dragged through the muck by a bunch of bizlet moonbois is funny to me. I thought I'd come here and give a quick rundown on why Kleros is more than some pakistani pump and dump.
All of you here know about Chainlink and the Oracle Problem. LINK attempts to solve the oracle problem and serves as a decentralized source of objective truths. Keyword being objective. LINK is designed specifically to take verifiable data and bring it on chain in an end to end decentralized manner that keeps the integrity of the agreement in tact. The important takeaway is that a smart contract is only as decentralized as its most centralizing element.
Outside of financial applications, most contracts cannot be boiled down to a clean representation using only logic and objective truth. Imagine a contract between two businesses where the terms specify that Client shall receive goods and services from Vendor, meeting specific deliverable milestones on set deadlines. If a flood, earthquake, or other Act of God strikes the deadlines are to be relaxed. It is not possible in this case to rationally systematize the future release of a Vendor from a deadline for an Act of God that hasn't even occurred yet. In order to enforce these clauses, you have three options.
(1) Defy the impossible, transcend mortality and become an omnipotent god that can see the future and then program your smart contract to take into account all future circumstances
(2) Allow parties in the contract to make unilateral decisions involving termination, nonpayment, etc. This is unacceptable as it introduces ridiculous counterparty risks that defeat the advantages of a decentralized contract. Remember, a smart contract is only as decentralized as its most centralizing element.
(3) Include in the contract a mechanism that recruits SUBJECTIVE JUDGMENTS in an end-to-end decentralized manner.
A successful system for delivering high quality subjective judgments into decentralized smart contracts must minimize the loss of security in the contract through the gained attack surface of a subjective input. This system must offer powerful incentives for coherence coupled with even more powerful disincentives for incoherence. It would need to be thoughtfully distributed to avoid centralization of the supply and subsequent manipulative whale game headaches.
Do I need to further explain to you the value of such a system? You are sleeping on a fucking gem anons. If smart contracts take off in a big way, they WILL be used for more than just Decentralized Finance. And virtually all human interactions outside of the financial realm involve SUBJECTIVITY and JUDGMENT. Smart Contracts clearly cannot just allow for a single centralized party to make unilateral decisions. We clearly are not able to see the future, so it is impossible to design contracts in a way that avoids the need for subjective judgments. So far, this has been a natural limitation in the growth of smart contracts outside of the financial sector. Shit, nobody even really TALKS about decentralizing business-to-businesss (B2B) and business-to-customer (B2C) contracts anymore. But guess what? It's a use case that knows little bounds. Sure derivatives move quadrillions, but when you look at the summation of all of those B2B and B2C agreements you must be looking at hundreds of trillions of dollars which is nothing to shake a stick at.
Chainlink and Kleros are Yin and Yang. LINK if successful will achieve a significantly greater final/peak valuation simply from the nature of Finance being a heavy sector, but PNK is in it's infancy with a clear head start, incubation from Thomson Reuters, and intimate associations with Colin Rule the grandpappy of dispute resolution.
Yeah, I'm thinking you need to dig into this one anons.
again a fake thread full with retard scammers. You cannot replicate the LINK based community stop spamming
Jace Peterson
There are more PNK holders here than LINK you idiot. LINK holders made it. It's time for a new oracle coin.
Kevin Jones
We can tho, and it's already happening. Not much you can do to stop it. We might even gain better long term. How does that make you feel? Hopefully you're selling the top of LINK before it bleeds back under $1.
Sebastian Brown
i don't think so. lots of lurkers. i do suspect kleros will out perform chainlink mid term. maybe not long, but we shall see.
Logan Evans
>LINKies actually turning their noses at anyone The linkpocalypse will not be kind to you and your ilk
Zachary Rivera
reporting for duty
Ethan Scott
>out perform chainlink mid term Uh user?...you ok? Chainlink can at max 10x before Kleros 100xs
Andrew Murphy
sorry but I will start shilling pnk after 3-4cents, before that only buying
Angel Brown
Ten cents when
Levi Gonzalez
Me too. I know a few others like us. Accumulating for now.
Chase Wilson
consider fudding it. clement with his printing proposal for example is a good starting point. fudding kleros is way more fun than shilling it, everyone with half a brain can read a whitepaper and recognize the project, but only very few master fudding it in a believable way.
Austin Flores
Is it really fud if it's true? 30% more tokens minted means a 30% dump in price. It will be better to buy after the inevitable dump.
Benjamin Reyes
This This PnD group that originated on telegram is slightly smarter the the average pajeet because they modeled their Zig Forums targeted shill campaign around LINK memetics to sucker in the newfags who want to get in the "next LINK". Get them onto their front discord and groom them like the trannies they are. Of course it's a shallow, tryhard ripoff but naive newfags don't know any better.
the distribution of this shitcoin is awful anyway, there are a few whales who totally control the direction of the price chart and that's true for all of these low caps. everyone will have an eye on the public address of the team, so they certainly won't do any funny stuff and just dump it on the market, but rather use the funds as stated in the proposal so that they can brag about their ((transparency)) while dumping their personal wallets once this reaches new highs.
Jack Foster
The untouchables shall be eradicated from our villages and we will each have our very own castle with plumbing
It pumped after the last minting brainlet stay poor
Owen Foster
yeah Vitalik is a discord tranny and he's in on it too kek you fucking brainlet with nigger tier intelligence
Hudson Collins
That was because there was a token sale. This time there won't be one.
Ian Roberts
Dude, Vitalik is ALL OVER this for the whole year.
We're going to $1. Plain and simp.
Noah Cruz
You do realize that most of it will be sold OTC right? The other small amount that's left over is for paying employee in PNK that's locked up for 3 years to give incentive to deliver, the rest is for bounties and community development and stuff just like before, and it still mooned and will again. Bring better fud next time kiddo.
Jacob Moore
No point wasting your time with fudders
Matthew Thompson
I'm not fudding, it's just basic economics. Unless you think that demand will increase significantly in the next few weeks, more supply = lower price. I am bullish on PNK long term, but in the short term it will dump.
