/biz/ - Business & Finance

>>58542590
Chainlink is a partial solution to the oracle problem. You also need oracles for subjective questions, ie "did the contractor complete the job according to the contract". For that kind of thing Kleros does it better (although honestly I wish chainlink labs was developing it).

>>58542637
Yeah Identity is a good one too.

Data privacy would also be great. Like a company requires you submit a bunch of personal information to them to use their service, but you have a way to make that data expire within a certain time limit. Perhaps using identity, but only licensing them to access your info for the period of time allowed, and without letting them share that information with third parties. Regulation has proven ENTIRELY ineffective for this purpose.

I hope you fucks are strapped in, because the days of doubt and projections are behind us. Sergey is predicting the crypto market to hit a total market capitalization of 10 trillion, which isn't a stretch. Institutions have been taken over by Chainlink Labs it's a seismic shift in the landscape of trad finance. The influence of Chainlink Labs is undeniable and growing, embedding itself into the very fabric of the financial world.

So, strap the fuck in, guys. You finally made it into the singularity. This is the moment we've all been waiting for, the culmination of years of never selling, and faith in sergey. The ride ahead is going to be life-changing.

Cheers to all of us who believed and held strong through the ups and downs, and who are now on the brink of witnessing the singularity. This is just the beginning, and the future looks brighter than ever.

>https://www.cnbc.com/video/2024/05/28/crypto-more-legitimized-since-sec-approved-spot-bitcoin-etfs-chainlink-co-founder.html

>>58538732
Nothing, but they would have a very hard time succeeding. Chainlink now has a 10 year advantage on them and their largest partnerships with SWIFT, DTCC, FIX are one time deals - nobody else gets those. So what will the competitor do, exactly, to accrue value? It's basically over. While everybody was looking to be the next big shitcoin and NFT platform, Chainlink Labs targeted actual money and adoption. It made them a laggard in a world where only crypto markets matter, but as we reach a world where traditional finance matters, they are so far ahead of the game it's not even fucking fair anymore for a "competitor".

>>58535903
Do you think Chainlink Labs as a company is worth around $400 billion? Because if so then $1000 LINK will make sense.

>>58531073
/biz/tards were basically scammed and when you try to present them evidence of their errors, they become even more steadfast in their madness.

The link tokens serves only one purpose. To fund Chainlink as a company. Don't take me wrong, the company is legit, it's the most important crypto company if we want crypto to be something more than bitcoin. If we want smartcontracts, defi, tokenization, etc. Sergey and chainlink labs needed money and we funded them (me too, I just admit it). Traditional companies would try to raise funds in various ways, Sergey chose memes and /biz/. And we delivered. Simple as.

Chainlink Labs just announced a new feature. Introducing: the Doublening. Similar to the BItcoin halvening event halving token emissions, Chainlink is now algorithmically programmed so Sergey will double in size every ~4 years. It is estimated that by 2054 he will weigh roughly 1.3 ton. The more Sergey keeps growing, the more he must be fed by unlocking more tokens on the kekold baggies. Truth, not trust, aka algorithmically-programmed infinite, exponential growth that cannot be stopped by any third-party!

Read up on the newly released Whitepaper v3.0 by Ari Juels and Dan Boneh to learn more: https://chain.link/the-doublening

>>58529421
>>58529441
I think Snapshot Chain Consensus technically has Avalanche Consensus built in as well as Nakamoto Consensus but I don't know for certain however I don't know how fleshed out it is in each implementation so ignore my post if true >>58529290, which implies maybe whoever registered vite.org in August 2003/Vite Labs March 2018 Twitter should get credit for Nakamoto Consensus/Avalanche Consensus not Satoshi Nakamoto/Team Rocket.
If true then VITE/VITA really may be the last chance you get at making a lot of money.
The whitepaper was released back on June 8th 2018, less than a month after the Team Rocket whitepaper which is maybe why it doesn't get as much attention, and the marketcap is still like $30 million, I think enterprise adoption will entirely be based around Snapshot Chain Consensus in the future so the marketcap will easily surpass $30 billion once it gets a decent run.
Read here for more technical details on how Snapshot Chain Consensus works: https://medium.com/vitelabs/snapshot-chain-an-improvement-on-block-lattice-5c1897e0cc89
I know the Transactions Per Second can be way higher than ~1771 but apparently it would require a fork to increase it, not sure if the latter is true - if true that would maybe imply poor implementation so far but I also heard it's, supposed to be, dynamic.
That aside it seems like VITE is already prepared for enterprise adoption, it can do smart contracts too.
>>58529441
>>58529421
If you ask me objective oracle networks like Chainlink and maybe to a lesser extent subjective oracle networks like Kleros seem like they can be replaced like nothing with forks/etc. while VITE is probably the most stable especially since so many things are built off the block lattice/snapshot chain.
It could be a low marketcap because the community wants to avoid a state actor if possible 51% attacking the block lattice/snapshot chain while crypto still isn't popular.
Maybe someone who has read more about VITE can fill in more.

>>58520281
Chainlink labs now pay fat trannies to shill their product? Yikes.

Don't let anybody shame you for being the cornerstone of the entire crypto industry, what you guys did holding LINK was awesome and not only you support the entire of DEFI, you provided jobs to everybody working at chainlink labs and to a lot of diversed women that would have had a lot of trouble finding a livelihood.

You are awesome.

>>58516167
>chainlink has generated 393 million in revenue
source on this? Also please confirm whether you're referring to the offshore company Chainlink Labs Ltd receiving revenue or token holders

>>58516044
its a chainlink labs advocate

>>58515289
Why did Chainlink Labs need to dump 700k tokens a week?

>>58510102
>we're moving towards triple entry book keeping

ok...so that makes it's easier for accounting firms to audit or something. How does that help Link

>the glue to it all is a protocol like ccip and link's data service. the small fees to communicate with other fees is insignificant to the amount of jobs they will be able to slash and the profit they will actually be making in supplying data to the network.

this was incoherent


>>58510211
exactly...and does someone paying Chainlink Labs mean holders of the fundraising token get anything. So far the answer is no

>>58501612
to be fair, there are lots of buyers, chainlink labs has some large sell orders though

>>58502941
>He is a Co-Director of the Initiative for CryptoCurrencies and Contracts (IC3). He is also Chief Scientist at Chainlink Labs.
this was what I saw in ddg search earlier.

>>58502912
Bio
Ari Juels is the Weill Family Foundation and Joan and Sanford I. Weill Professor in the Jacobs Technion-Cornell Institute at Cornell Tech and the Technion and a Computer Science faculty member at Cornell University. He is a Co-Director of the Initiative for CryptoCurrencies and Contracts (IC3). He is also Chief Scientist at Chainlink Labs.

>>58492148
Chainlink is suppressed by Chainlink Labs dumping tokens on your head you retard

Look, it's pretty simple, as long as Chainlink Labs owns more Link than anyone else, the price will remain supressed.
It's been signaled to Chainlink Labs that the more token they release the higher the price Link will reach.
As Link holders, you shouls strive to urge Chainlink Labs to release more tokens.

I can't think of a single project people dedicate this much rationalization/bloviating other thank Link and I think it is because a lot of people got burned for not being early enough and are now perma-bears. I find it funny desu, like anything you just said has even a miniscule impact on the facts and circumstances of Chainlink. SWIFT and DTCC stamp their brands next to Link.

I actually can't believe you are even tempting the "tech company culture" thing, as if every fagman corpo doesn't give their employees good salaries and cushy benefits. You have to be fully braindead retarded to think that isn't a good thing.

Yes, I think it is a good thing that Chainlink Labs employees are happily employed.

I think the narratives that have metastasized around Link are worth examining. Like your foolish statements here, masquerading as legitimate discourse on the subject.

People will say they "fud4fun" when they really don't have any conviction, either direction, because they're fundamentally ignorant / lack any domain-relevant skills.

If you aren't a street shitter getting pay per post for stock bashing this shit and actually fell for the original gaslighting from og link maxis, it is time to wake up

it's like if the Gimp from Pulp Fiction were the last centipede in a human centipede, and he were laughing at me as I try to tell him that he is in fact eating shit that has already been digested, regurgitated, and re-shit 3 times before it got to his mouth which is sown to an anus

>>58486576
>work for chainlink labs
>already made it
>will become bazillionaire if link price goes up
>I will spend my free time fudding link on 4chan
Why would they fud? I geniuinely dont understand that.

Once upon a time there lived a poor single mom and her adult son Chudjack. One day, Chudjack’s mother told him to get a job. Chudjack went to the job market and on the way he met a man who wanted to sell his bags. Chudjack asked, “What will you give me in return for my neetbux?” The man answered, “I will give you five magic internet beans!” Chudjack took the magic internet beans and gave the man his neetbux. But when he reached home, Chudjack’s mother was very angry. She said, “You fool! You were supposed to get a job not some fake internet money!” She threw the magic internet beans out of the window. Chudjack was very sad and went to sleep without masterbating.

The next day, when Chudjack woke up in the morning and looked out of the window, he saw that a huge green candle had grown from his magic internet beans! He climbed up the candle and reached Chainlink Labs. There lived a fat giant all by himself. Jack went inside the house and found piles of garbage strewn about.

While he was crying, the giant came home. The giant was very fat and looked very gay. Jack was terrified and went and hid inside. The giant cried, “Fee-fi-fo-fum, I smell the stench of a stinky linky. Be he alive, or be he dead, I'll dump 700k tokens on his head!” Then Chudjack screeched, “There is no bagholders in here!” So, the giant ate his food and then went to his room. After raping his pillow the giant took out his sacks of gold coins, counted them and kept them aside. Then he went to sleep. In the night, Chudjack crept out of his hiding place, took one sack of gold coins and climbed down the candle. At home, he gave the coins to his mother. His mother was very happy and they lived well for sometime.

>>58482000
>literally who was paid $100k by chainlink labs to put their logo on an image again
woo! zzz...

>>58474193
https://www.levels.fyi/companies/chainlink-labs/salaries

Also has it over 100k for recruiters on Glassdoor.
Its actually sad watching the last of you types dig your heels in extra tight over your outdated at best image of Chainlink

>>58469964
Dune:
https://dune.com/linkpool/chainlink-ccip
CLL LinkedIn:
https://www.linkedin.com/company/chainlink-labs/