>Tbtc
>Arguably most hyped project in space aiming to bring btc to eth in noncustodial way
>Makes every btc maxi seething and eth maxi drooling because it steals btc economical bandwidth
>used custom oracle solution and boosted they "built something robust as Cahinlink in 2mnutes"
>12m to build project ground up
>6 weeks of audits of tbtc
>launch 48h ago
>shuted down mainnet after 48h because oracle exploit detected
Its like meme timeline where you allways win LOL
He’s even wearing a flannel shirt lol
HAHAHAHAHAHAHA
What a fucking retard.
i bet it's cheap knockoff like his oracle solution
b-but user, chainlink doesn't solve the oracle problem. it's a scam to fool people with affinity for technology.
what oracle exploit? there's no info on the bug at all
and yes, chainlink is a scam
SEETHING
Pic related is 5 days ago HAHAHAHAHAHAHAHA
so far only chainlink lost money due to bugs, not tbtc.
They're using maker oracle which is the most used oracle on ethereum. You pulled an "oracle exploit" from your ass.
"post mortem" tommorow read it and weep pest
you know nothing because you claimed they used a 'custom oracle solution' when they used maker feeds.
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
and the bug was detected internally - by another tBTC/KEEP developer, so there's exactly zero chance you have any idea.
tBTC has to parse bitcoin blocks on-chain, this is a big and complex project
IF this does turn out to be an oracle exploit. We should go to town on this fucker.
Oracle events are Chainlinks biggest advertisements, if you are a LINK holder then you should maximise the fuck out of every one of these.
Tomorrow when the tBTC report comes out, I'm going to Ctrl-F oracle and if it has a single return then I'm buying more LINK instantaneously.
>you claimed they used a 'custom oracle solution' when they used maker feeds.
Protip: they're using both.
This whole project is about bridging two different chains.
Whatever went wrong, it fits within the scope of the "oracle problem".
lol no, the whole point is to have a decentralized system, not trust someone about the state of bitcoin blockchain.
The only place they use oracles is to get the ethbtc rate for collateral of key holders, but once the system grows large enough, it can be removed and use the tbtc/eth rate from uniswap2 directly
Maker feed is "custom oracle solution" you mongo also they dont just pull feed there is twist how they import it in blocks
ALSO THIS
Whole fucking project is basically excersise in oracles...
>lol no, the whole point is to have a decentralized system, not trust someone about the state of bitcoin blockchain.
Please do explain how this changes what I said you absolute dimwit.
>they'll remove the oracle and use uniswap2 instead
You're a moron lmaooooo
uniswap.org
What the fuck even is tBTC? just a 1:1 erc-20 token peg to BTC?
>Please do explain how this changes what I said
Relying on chainlink would make the system centralized, as oracles could lie about the state of the bitcoin blockchain and emit empty tbtc.
>You're a moron lmaooooo
>uniswap.org
>Uniswap V2 implements new functionality that enables highly decentralized and manipulation-resistant on-chain price feeds
Did you read your own link?
>The only place they use oracles is to get the ethbtc rate for collateral of key holders
thats the whole point lol btc/eth real world pegg on chain
>t can be removed and use the tbtc/eth rate from uniswap2 directly
Also uniswap begs project to not use it as oracle for apparent reason but hey
Yes but this one suposed to be first noncustodial which is pretty big deal if they get they shit togeather and just use link
It's like you are trying to act smart and better than everything.
But then everything you type is retarded.
Are you Matt Luongo or Ric Burton?
Impersonators are bullish
>Also uniswap begs project to not use it as oracle for apparent reason but hey
which is why I wrote "uniswap2".
>just use link
Link is extremely unsafe and centralized.
blog.chain.link
>The human error occurred while seeking to improve the XAG/USD network by releasing additional data reliability features requiring an update to the smart contract’s configuration about the specific job IDs being run by node operators servicing the XAG/USD oracle network, leading them to incorrectly request a gold price (XAU) instead of the silver price (XAG).
Nobody would trust tbtc if it relied on link, except for link holders of course. Someone at chainlink could steal everything with just one update. WBtc would be way safer.
>Relying on chainlink would make the system centralized, as oracles could lie about the state of the bitcoin blockchain and emit empty tbtc.
Oracles "can lie", which is why tbtc relies on oracles.
lmao
>Did you read your own link?
Oracles "can lie", so they're using Uniswap V2 which uses oracles.
lmaooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
>Oracles "can lie", which is why tbtc relies on oracles.
Maker feed is the most decentralized, as there's no single party that can just take over, like in chainlink.
>they're using Uniswap V2 which uses oracles.
Uniswap doesn't "use" oracles. Do you even know what uniswap is?
V2 adds a function to compute moving averages for on-chain trades.
Listen Matt time to let it go NOTHING you tiped makes sense
Wait reprot tommorow, wrap your head around whole thing is one big oracle problem than come back here and apologize so sergery
Kek
literally and unironically who?
I'm not Matt. Btw please keep attacking him on twitter while promoting link. It's the greatest possible negative marketing for any ethereum dev. Bugs happen and nobody wants anything to do with a community that uses it as an excuse for attack.
And no, tbtc is not an oracle problem. It can eventually work without any external oracle. That's the whole point.
>Maker feed is the most decentralized
But you said "oracles can lie".
>Uniswap doesn't "use" oracles.
No, it IS a fucking oracle.
Just buy UND user. Literally the next Stratis-esque 50x is right in front of you at a $1M cap.
>nobody wants anything to do with a community that uses it as an excuse for attack.
Right, and what excuse did Matt have for attacking Chainlink?
>But you said "oracles can lie".
I also wrote that using the ethbtc feed is a temporary solution until uniswap2 can be used for tbtc/eth feed. Replacing verification of bitcoin blocks with a chainlink oracle wouldn't be temporary, it would make the system dependent on chainlink forever.
>No, it IS a fucking oracle.
It's a contract on ethereum. An oracle is something external. Arguing over the definition of an oracle makes no sense in any case.
I don't know the context of what he wrote, but chainlink is a centralized scam. Devs can change the configuration of any feed, giving them absolute control over the system. That's a fact confirmed on their own site. It didn't even have multisig before the mistake.
>Maker feed is the most decentralized
This is precious, Maker uses "secret" price feeds, the identities of which are known only to like two top people at Maker.
This is a whole dimension worse than KYC: it's private KYC.
Not only that, but Chainlink also outperformed Maker's oracle in the March gas crisis. See pic.