LINK token literally not needed

yes. the collateral system is literally useless.
Heres a thread fully discussing it
warosu.org/biz/thread/S19402376

every single shill point is debunked. its a very indepth convo

Think bigger, these nodes with no collateral will become important in the long term.

>1 post by this ID

This has been known since 2017, newfag.

Few are going to trust your node if you don't put up a guarantee.

Obviously nodes can be run with stake LINK for collateral, however if you think anyone is going to verify a derivatives smart contract valued in the millions/billions without penalty LINK as insurance you'd have to retarded. The highest value contracts will chose those with sufficient collateral.

without staked LINK as collateral*

are you daft

bruh that's cryptobadger, probably one of the most retarded members of the link community. He's acap levels of room-temperature iq.

Ok FUDDers, answer me this.

Alice and Bob decide to bet on the 2020 US Election. Alice bets on Trump, Bob bets on Biden. They both deposit $100 million into a smart contract, and the entire $200 million will be paid out to the winner.

The smart contract will determine the winner based on a chainlink oracle with 20 nodes. The nodes are KYC'd. However, there is no staking by the nodes, and hence no issue with collateral.

There are a few ways it could be parametrised in the case that the nodes are not unanimous. They could say that if at least 15 of the nodes agree on who won the race, then the smart contract will determine that that person won the race and pay out accordingly. If less than 15 agree the contract could be said to be indeterminate and both bettors will just receive their $100m stake back. Or it could be a simple majority of nodes, so if 11 say Trump and 9 say Biden then Trump wins.

Now, as the night progresses it's becoming clear that Trump has won. Bob is turning to desperation as it looks like he's about to lose $100 million. He decides to take desparate action and attempt to bribe the nodes. Since they are all KYCd its easy for him to find out who they are. If he just needs 5 of the nodes to say Biden won to make the contract indeterminate then it would be easy enough for him to offer the KYC'd nodes, say, one or two million each if they vote Biden. The nodes themselves will lose reputation, but won't suffer any legal penalty. There won't be much of a game theory aspect involved, since if they decide to vote Biden but nobody else does they won't be fined. Overall, if bob spends enough money he has a decent chance of swinging this outcome in his favour

(cont)

have sex

Now lets say instead of 20 KYC'd nodes we have a mixture of KYC'd nodes and some less known nodes, all of which have staked chainlink. Because of the high value of this contract, they have all staked $2 million chainlink each, which they will lose if they give the incorrect answer.

The conditions under which they lose this $2 million could vary of course. It could be that If at least 5 but less than 10 people vote Biden, the smart contract itself will be indeterminate but they will still be penalised for giving an answer that differs from the majority. This can all be parametrised in the smart contract.

Now Bob decides to try his bribe again. Only this time he doesn't know who every node is so he can only bribe the KYC nodes, who lets say make up 10 of the 20 nodes. Suddenly it makes very little sense for the KYC nodes to accept this bribe

-If they vote for biden, but the other KYC nodes don't accept the bribe, then they will lose 2 million
-Even if most of the KYC nodes accept the bribe, if the unknown nodes don't then they would still lose 2 million
-On top of this they also lose reputation

then why didnt you write it and become a billionaire like sergey instead of being a poor jealous insufferable faggot

We always knew that. We also knew only nodes with Intel SGX certified hardware will be able to stake. The newfaggots think it's some inflation mechanism like with Tezos.
What's your point?

sgx will earn slightly higher staking rewards but neet nodes will still be able to make 10-15% return a year

You NEED to have SGX hardware for the shuffling and encryption to work. The whole point is that neither the nodes nor the node operators know what data they are processing. This is achieved by CPU-level encryption. Did you even read the mixicles whitepaper? All nodes will have to have SGX hardware in the future. Any nodes not running SGX will be excluded from the network, because they are an attack vector.

You had three years. Staking soon and neet nodes

yes you do, you pay every API call using LINK tokens you faggots
lurk more

SGX is just another layer of the in depth security approach Sergey uses, either you pick it or not
you fucking faggot
And SGX is available on a lot of Cloud CPUs you can rent to run your neet node

Sergey said himself that NEET nodes are no longer an option and that the network will be strictly corporate.
And running a NEET node with staking will only make you lose money, because your linkies are collateral and will be taken away if at some point your ISP fucks up and you have unexpected downtimes.
That's the reason big nodes like Linkpool and Fiews use clouds for nodes.
Your best chance for staking is linkpool and the likes.
I don't know where do you get 15% from, because you only get what the client pays you. The client may pay pennies for API calls requiring millions in collateral. It's free market, if there are nodes who will do it, than that's the price.

>implying neets can't use GCP, AWS or any other cloud services
go fuck yourself

Poorfag band shills priced out of link

Im joking about neet nodes because I thought you were going for the token not needed FUD.

Although you did say here
that token not needed, now you're saying some jobs will require millions in collateral

so which is it, hmm?