What if node operators are bribed for false data?

How much are node operators paid in LINK to provide data? Because I could just bribe them to provide false info on some coin price and open a short on a certain coin,

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They get paid if they stake more

It doesn't work that way.

you would have to bribe every/half of the node operators to provide the false information. And then everyone providing false information would lose all their staked link.

staking doesnt work yet genius

yeah theres no real penalty this is why most wise developers are building their own oracles

Or to be more precise you literally just described the oracle problem.

no they wouldn't

What if Sergay turned into a balloon and flew through the air? How would we get him down?

You do not understand how chainlink works

A bribe would have to amount to 51% of the available nodes securing the contract to succeed and if caught those nodes forfeit their linkies.
Basically it's just another 51% attack. Possible but making link 81k reduces the possiblity significantly

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lmao this is the level of fud we're dealing with now. This is unironically bullish

wrong dummy! lol im from redit and even i know your nodes price would be rejcted because its way different the other nodes. try again!

there's no balloon on the entire earth that could lift that fat fuck

lmao this is the level of DYOR with your average stinky linkie right now.

you really don't understand what you've invested into, do you?

A FAT RUSSIAN SCAMMER JUST FLEW OVER MY HOUSE

I remember myself opening this kind of threads in 2017 top fucking kek. Thank you based oldfags you are making me richer than I have ever been I love you all

>this is why most wise developers are building their own oracles
they do it to provide false data because they are scammers lol

I invested in a middleware solution that solves the oracle problem and the problems of eth. Not only that but we get Microsoft plugins and data marketplaces and a whole new industry being generated because of link. Feeling comfy frens

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staked amount * 0.51 * link price = bribe

medium.com/linkpool/staking-with-chainlink-b58eb3de6f1b
>This is Chainlink’s concept of staking - depositing LINK tokens on to a node in order to be able to undertake jobs that require collateral.

Ah yes, 2018-19 FUD, my favorite!

you dumb fucking nigger, it's
stake*(numberOfNodes*0.51)*linkPrice

> * # of nodes
Also Ari Juels is a famous assassin and will hunt you down for fucking with his work

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>mfw

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suicide by assassin

so you're going to bribe all the node operators? if a node is throwing data that seems inaccurate/abnormal it will be ignored since all the other nodes are on consensus

where can i stake?

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>every/half of the node operators provide false information.
>aggregation contract compares information and somehow still determines that the data was false, despite the majority of nodes agreeing
>sergey is alerted to the scene
>sergey looks up coinmarketcap, determines that there has been tomfoolery and orders thomas to burn the staked tokens of the nodes that colluded.
>everyone providing false information lose all their staked link

Sorry, yeah this totally works. Nevermind.

why didn't Ari kill that node operator in the gas price tracker scene?

>I bribed enough nodes in the world to execute 51% attack with nodes choosed by random, and other hillarious jokes you can tell yourself

>staking doesnt work yet genius

I know that, but that's how it will work.

If someone wants to get secure data, you pay more. The more you pay the less likely you're getting false data.

Same with Bitcoin, the more calculation power bitcoin has, the less likely it's going to be overcome with 51% attack

Kek

Damn bro, you may be onto something. Sounds like a leak

Not exactly. You have to find node operators who are willing to risk their profession, savings and morale. Its not that simple.

That's like saying if a cop makes 20$ an hour, you could bribe him with 21 dollars