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ChainLinkGod.eth Profile picture
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28 Dec 20, 14 tweets, 3 min read
RIPple
CRIPple
The dominos are falling rapidly
Fuck it, this a XRP delisting thread
Rapple
Rupple
Ruble
financemagnates.com/cryptocurrency…
Crapple
Reeeeeeple
Garlicbread
Brag garlicbarg
"institutions are coming"
>no no you see, these delisting are actually bullish
Oh nonononono who could have seen this coming

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More from @ChainLinkGod

ChainLinkGod.eth Profile picture
30 Nov 20
1/ Many people have asked me for my response to @haydenzadams' hot take on #Chainlink $LINK

I think he's misconstruing what Sergey is saying about market coverage and not providing the full context on oracle security and the Uniswap TWAP

Thread for context below 👇
2/ Sergey was emphasizing the importance of proper market coverage

This does not mean taking a simple median or mean across exchanges

But instead aggregating data from all trading environments by taking into account liqudity, volume, time and other differences across exchanges
3/ Market coverage is important because it ensures price data reflects the true global market-wide price and not just that of one or a small number of exchanges

Chainlink covers this topic of market coverage and data quality extensively in this blog post
blog.chain.link/the-importance…
Read 25 tweets
ChainLinkGod.eth Profile picture
28 Nov 20
Recently, ~$90M in user funds was falsely liquidated due to a failure of @compoundfinance's centralized price feed

I propose to the $COMP governance community that @chainlink Price Feeds be integrated to fix this vulnerability from happening again
chainlinkgod.medium.com/proposal-for-c…
I originally attempted to post this proposal on the Compound Governance Forum, however after over 22 hours, it is still "awaiting approval" from the Compound team

As a project based around “community driven governance,” I find it concerning I am being censored in this manner Image
For the sake of transparency and due the urgent nature of the matter, I am posting this proposal on my own Medium page so the $COMP community can decide for themselves if this is the path they want to take.

An open mind is all I ask
Read 4 tweets
ChainLinkGod.eth Profile picture
23 Oct 20
1/ "The goal is to transition to an active piece of IT infrastructure, empowering the document to communicate with external resources such as data feeds, payments infrastructure, ERP, and CRM systems" -@tgonser, founder of @DocuSign

A #Chainlink thread 👇
artificiallawyer.com/2020/10/23/doc…
2/ Refresher on #DocuSign crumbs

In 2003, Tom Gonser founded @DocuSign and made e-signatures the industry standard for legal contracts

In 2019, Tom joined @Chainlink as an official advisor to the project, and gave a legendary talk with Sergey
blog.chain.link/sf-fireside-ch…
3/ Tom understands the value of smart contracts and the importance of secure oracles to connect these contracts to real world data, events, and payments

Take a listen for yourself


In fact, DocuSign has been interested in smart contracts since 2015
Read 6 tweets
ChainLinkGod.eth Profile picture
3 Oct 20
1/ Creating Definitive Truth, a thread giving insight on Sergey's recent presentation at #SmartCon 2020 covering how @Chainlink generates definitive truth about the real world, the acquisition of deco.works from @Cornell, and much more

#Chainlink $LINK
2/ It's key to understand the importance of definitive truth, the indisputable state of reality

Without it, you have information asymmetry, disproportionately benefiting a select group who have access to privileged information

In essence, definitive truth is data you can trust
3/ Blockchains generate definitive truth about on-chain data

This is achieved with an immutable ledger that cannot be tampered with or manipulated to benefit any one party

Each block in the chain has a cryptographic hash of the previous, creating indisputable definitive truth
Read 24 tweets
ChainLinkGod.eth Profile picture
17 Sep 20
1/ Yes, 1000% agreed @StaniKulechov! I don't think people realize how huge this really is

Being natively blockchain agnostic means #Chainlink is also Layer 2 agnostic as well!

No matter where #DeFi moves, it will continue to be supported by highly secure and reliable oracles 😎
2/ Chainlink oracle networks operate at the speed and latency they do because of the limitations of Ethereum L1, not because of any limitations of Chainlink

Ethereum L1 is simply where all the demand for external data currently is

But as #DeFi moves to Layer 2 solutions...
3/ Chainlink will already be supporting those new environments!

Optimistic/ZK Rollups
Plasma Sidechains
State Channels
Other Blockchains

Price feeds on L2 would be able to update nearly instantaneously, need a price feed with 0.001% deviation and 1 minute heartbeats? We got you
Read 4 tweets
ChainLinkGod.eth Profile picture
16 Sep 20
I've just exited all my yield farms, the risk adjusted returns just aren't there anymore

For good yield you now have to deposit into pool2 (lol no thanks), be the first to hear about a new crop and ape in (rugpull risk), or stick with pool1 for a measly 100% APY (not worth IL)
It was inevitable that these foodcoin ponzis would come to an end, however if you know how to play these games right (as I've taught), you should be well in the green by now anyways

I'll still be on the lookout for new crops, but as things die down, lower your risk, not raise it
As time goes on and yield continues to drop, the rugpull risk will continue to rise, lowering risk adjusted returns even further

Find out who the suckers are, because if you don't, you're probably the sucker who will get left holding the bags
Read 4 tweets

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