500K IN LIQUIDATIONS AFTER CHAINLINK ORACLES FALSELY REPORT PRICE. HOW WILL THE CULTIST BAGHOLDERS SPIN THIS NOW? NO MORE FLAWLESS TRACK RECORD THEY CAN YAP ON AND ON ABOUT. HOW WILL THEY MENTAL GYMNASTICS THIS INCIDENT? "ONLY" 500K IN LIQUIDATIONS?
GET READY FOR THE PAID SHILL ARMY IN 3...2...1
x.com
RED ALERT ATTN: CHAINLINK ORACLE PRICE FAILURE!!!
Now we know why LINK is priced so low. What a fucking scam
linkchuds are pathetic
It’s over. Red stone oracles are now the best oracle solution
didn't read anything
can predict with 100% certainty it was a user error, not a chainlink one
am i a super genius? no. just a pattern follower
CHAINLINK OBVIOUSLY AINT READY FOR THE BIG SHOW. SWIFT & DTCC ARE WATCHING THIS
MAYBE HIRE MORE DEVELOPERS INSTEAD OF THE HUNDREDS OF DO-NOTHING EMPLOYEES
Chainlink deemed it a high risk market due to limited offchain data sources to offset onchain manipulation.
Pyth chads stay winning.
chainlink accurately reported the price of a low liquidity pool
retarded exchanges used this price alone
pikachu face
Imagine how hard fuddies pray for a "big chainlink scandal" so that they can post all of the dozens of saved posts they have lined up.
And literally all they get is that someone misentered AU into AG and then, 5 years later, a high risk market got exploited for a few k.
Absolutely hilarious. Fudgroids must be the most pathologically depressed people on the planet.
Too bad the Pyth team are a bunch of fucking morons.
x.com
Their own team refuted Pyths statement and said, "Don't even get us started on Pyth. Chainlink is miles more reliable."
Don't even get us started on Pyth. Chainlink is miles more reliable
OP of that very thread
Doesn't matter, chaln Llnk should have never allowed it then. People will only remember it failed. It's a stain on their reputation whether deserved or not. Probably best to sell your Link now and buy back in a few months when the dust settles.
Churka scam shilled non stop by pajeet and roastie advocates.
Token not sneeded
TL;DR
price and c(s)hart
it' ogre for this scam
TOTAL
FUDGROID
ANNIHILATION
get your keks in before the utterly humiliated OP deletes the thread. (protip: it will be stored on warosu forever)
DR;NS
Doesn't matter, chaln Llnk should have never allowed it then.
Theyre the best possible people to actually provide the service given the data sets. They deemed it high risk due to this.
People will only remember it failed
It didnt fail. It acted accordingly to what data was given.
Everything worked as intended.
PYTH IS GARBAGE
THIS DOESN'T CHANGE THE FACT THAT CHAINLINK ORACLES FAILED. THIS ISNT A THREAD ABOUT PYTH
or they could just post the chart
op in absolute disarray lmao you love to see it
WHAT NONSENSE ARE YOU TALKING ABOUT? I DON'T CARE ABOUT PYTH, I CARE ABOUT CHAINLINK. AND THEY TOOK A MASSIVE L WITH THIS LIQUIDATION EVENT
They shouldn't deploy oracles in high risk situations. Now their reputation is fucked. It's not that hard to understand. They had a perfect record until now.
CHAINLINK ORACLES FAILED.
The limited data failed, not chainlink. Its like giving regular gas to a car that needs premium. It works, but not as intended, not because of the car, but the gas (data)
What do you expect from such a centralized piece of shit? Failures are just part of the deal.
They shouldn't deploy oracles in high risk situations.
Well they did and they labelled it "HIGH RISK".
Now their reputation is fucked
I thought their reputation already sucked?
They had a perfect record until now.
Still do. Chainlink oracles didnt fail.
Look at the fucking morons in this thread
it failed because it's
too decentralized
too centralized
high risk
reported consensus numbers accurately
reported consensus numbers inaccurately
You can't make claims about why something failed until it is triaged. The funny part is that this could actually be a bug or legitimate issue but both sides devolve into shit-flinging niggermonkeys who only care about which shit is on top
BOTTOM LINE, IT FAILED
AND CHAINLINK'S FLAWLESS REPUTATION IS NOW TARNISHED
use high risk product
get fucked
cry
Someone explain to me what happened like I’m retarded (I am).
a high risk price feed with very few sources of data got manipulated. it's not a chainlink bug.
Link should be gastapo and decide whether you are worthy enough or too high risk for their PRESTIGIOUS services. YES. THIS SHOULD BE SO!
ehhhhh idk about that vibe in crypto
They vet every precious deployed. Is the reason why you and I can't deploy our own oracles through them. It's been a subject of contention since the early days. Many here were upset we couldn't set up our own oracles through them.
price doesn't move on good news
price doesn't move on bad news
who cares, nothing ever happens
WE GOT A RED ALERT HERE
I say and do those things.
Chainlink cope and seethe. Fuck your scam. Wormhole, pyth and red stone and SupraOracles btfo chainshit
actual retardation
see>Don't even get us started on Pyth. Chainlink is miles more reliable.
my god, the state of fudgroids
DAMAGE CONTROL!!!!
shh its over now, you got absolutely BODIED by the very twitter account you linked, in a feeble attempt to take a shot at the king
L M A O
thats why there isn't any genuine conversation about LINK on this board. Instead of fundamentally attacking LINK they shift the goalpost to "this product is much better" sorry chuds but the WEF wholesale endorsed Chainlink. They won't use any other oracle service.
why isn't anyone responding to this? Oh yeah, that's right.
how did he get absolutely bodied? the chainlink feed did report an incorrect price 30 minutes after the peg was restored
????
the price was correct
huge price spikes are the risk of low liquidity markets
The absolute state of pyth . Total self own
can somebody explain to me why pyth is even in this conversation, just because some pyth moron posted something stupid? the chainlink feed DID fail, wtf kind of deflection tactic is this?
the price was incorrect since it had been restored 30 minutes before the oracle updated the wrong price and caused the liquidations, something which shouldn't have happened
holy fuck the absolute state of link shills
muh pyth this muh pyth that
This.
You're genuinely retarded.
Why would Chainlink prevent anyone from adopting their services en mass? That's the whole point of bootstrapping. And it proves a point too where only white hat users are there for technological progress. Pyth and Jump Trading are parasites that want to steal technology and profit off of it. I genuinely don't know why people here are promoting a project that is backed by exclusive venture capitalists. It boggles my mind.
in the land of the blind, the one-eyed man is king.
the price was incorrect since it had been restored 30 minutes before the oracle updated
sure it was, bro
off chain permissioned data allows this. It's basic blockchain tokenomics.
holy fuck the absolute state of link shills
THEY ARE ABSOLUTELY PATHETIC. I'M JUST ENVISIONING THEM DOING MAJOR DAMAGE CONTROL IN THEIR SHILL FARM CALL CENTER OFFICES
It's theoretically possible to overload any oracle with bad price feed data, thats what permissioned off chain reporting allows. Low liquidity too.
good job on instantly contradicting each other
How hard is it to code a working json parser?
What are all those 700 employees doing all day?
off chain permissioned data allows this
oh, so there goes the entire thesis of LINK bringing real world data from banks to blockchains
the fudders were right, the entire premise of oracles is flawed and retarded, as long as they are at the mercy of centralized data sources (see every banking and financial entity in the world)
all oracles should allow off chained permissioned data. But it's a double edged sword, your comment lacks depth about what the main issue is. It allows jews and bankers to "report" what they say but it should be taken as high risk.
HAPPY HOURS
SOIREES
POSTING TIK TOKS
RUBBING THEIR LIFESTYLES IN THE FACES OF THEIR DONATORS ON SOCIAL MEDIA
CHAMPIONING EQUITY INTIATIVES
chainlink reported the correct number
it's just that someone manipulated it due to low liquidity
simple as
Thats a strong contention and you arent off base by that assumption. It's not a fundamental flaw of the protocol, it's a flaw of people who are malicious actors using the system. I think this issue happened before a long time ago where bad price feeds were still a thing.
chainlink literally reported the wrong price on one of their feeds 30 full minutes after the price was restored
stop with the blatant gaslighting
albeit, oracles in general are required for smart contract functionality if you don't want to be reliant on centralization.
chainlink literally reported the wrong price on one of their feeds 30 full minutes after the price was restored
proof?
chainshit status: FLUSHED
we migrating to redstone
they reported the manipulated data as it was presented to them. If they presented the wrong information other than that you would need to point that out.
this is also a big reason for staking on the network itself rather, it forces people to have skin in what their doing.
x.com
x.com
even CLG doesn't go as far as to DEBATE if the incorrect report by the oracle DID happen you absolute troglodyte
tell that to the shills, holy fucking hell
Kekbaggies on suicide watch
Whenever I'm bummed out by LINK's price action I always look at PYTH, have a laugh and forget about it.
well no, thats what the other anon meant. They provided the "correct" price feed that was presented to them. If I fed you stinky cheese that was going to make you throw up, telling you it was bleu cheese it's not your fault that you ate it and spewed your chunks. It's the fault of the person who gave you the cheese.
It looks like the price feed had low liquidity and higher volume, which means only a handful of people were using it.
Its like youre a fucking idiot on purpose.
Hence why this feed was in the high market risk category, where there's a higher risk of volatility based on thin liquidity / trading volumes
The team got their answer. Chainlink didnt fail.
then how do you explain this?
x.com
the deUSD oracle on ETH (also chainlink) did not even budge
the price feed definitively provided an incorrect price, especially considering the fact that the peg was restored WAY before the oracle actually made the erroneous report
the feed DID fail though no matter how you want to sugar coat it
muh correct price
don't even get me started on Pyth. Chainlink is miles more reliable
Oh my god even OPs own source.
why are you trying to insinuate that OP endorsed pyth in any way? fuck off already
without further information about the whole instance there are a few ways that this could have played out
1. It could be a deliberate exploit through flash loans or a compromised data source to profit from liquidations
2. Genuine oracle exploit where there has been a malfunction in parsing the information based on misinterpretation
3. It could be how Euler Finance integrates with avalanche and chainlink. If they didnt have price deviation checks then the oracle might have accepted erroneous price oracle validation
4. General network congestion on AVAX which has happened before. Causing the oracle to present outdated data. But this can't be the case due to nothing pointing to that.
We're just going to need to wait until more information is released to the public.
this board is notoriously against LINK even though 10% of it's users are tech savvy.
This board is against Link because CLL spent years shilling and astroturfing on this board
We are against Link because our goal is to make money, not fund the lifestyle's of fat HR women.
The price was manipulated at the source, not the the oracles.
Sergey should sell LINK in order to reimburse those who lost money. LINK holders need to be prepared to eat a little red candle for the greater good of the Chainlink community.
limited off-chain data sources
off-chain
sources
....
crapto is technically, idealistically and in substance so dead - there is no innovation coming out of this crap anymore
i always wondered when this was going to happen, it was inevitable the fact it took this many years has me impressed.
this is why maturing the network is needed before anything like staking will be able to be implemented.
unironically 10-15 more years until i see neet nodes being close to even becomning a thing.