/biz/ - Business & Finance

OP

Eh, why not. I guess it can't hurt. Although this really wont do shit, even with 1000 signatures.

>>3913403
>>3913384
>>3913371
>>3913351

Look at ETH.
What makes it worth the $300 it is today?
Smart contracts
They are revolutionary. Don't know why? Google it. You will find all sorts of uses for them, from Finance, Insurance companies, Airlines, you name it. There is a problem however, which is probably slowing down ETH's growth. Right now, smart contracts on the Ethereum network are limited; it's confined within the blockchain and with data on the blockchain.
Chainlink changes that.
All of those potential uses for Smart Contracts - that's all now a very legitimate possibility now. In the simplest terms, Chainlink allows for external data to inform smart contracts. When you consider the fact that it's decentralised, it gets a whole lot better.
People that keep saying things like "why would banks use chainlink when they can just make their own version" clearly don't understand the fundamentals of this project. Chainlink's goal is not to "be used" like (e.g.) Ripple hopes to achieve.
Chainlink is merely the bridge that enables data which is outside of the Ethereum 'universe', to communicate with it, and thus execute various actions. Thus, it's not unlikely that adopters will use their own private blockchain (biggest reason would be to avoid the market fluctuations in it's value). But - what will they use to get their data, onto the blockchain - whether it be their own token, eth, etc... Chainlink.

1. Eth and smartcontracts. We all know smartcontracts are revolutoinary, but their use cases are limited. Smartcontracts are awesome, but they are confined within the blockchain and data on the blockchain. In otherwords, right now smartcontracts are "you send 1 eth and I'll send back 1000 McTokens", and this contract is verifiable/trustless/amazing but its stuck within the universe of Ethereum and the data Ethereum understands

>>3900000
Meme magic will take us there

Getting really close to last chance to buy in boyos we just broke 8k get the fuck in

bam

>>3852100
Oh boy you are in for a surprise

>>3847888
>>3847898
>>3847915
>>3847939
>>3847954
>>3847971
>>3847991
>>3848011
>3848011
Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the Oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the Oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases.

Essentially, Smart Contracts are flawed because they, by their very nature, can't interact with data outside the blockchain. Oracles are the bridge which allow that to happen, but current oracles are centralized and could possibly manipulate the data they are passing for their own benefit, which causes big companies wanting to implement smart contracts to get cold feet.
Chainlink is a decentralized oracle network, which will allow the oracles on the network to act in a similar manner to how we see bitcoin miners interact with the bitcoin blockchain --- they don't care about what they're processing, they just process it. This allows the trustless and tamperless translation of the data from the source to the smart contract, which opens up a whole world of possibilities. I wrote a couple examples to help open your mind to it:
Securities smart contracts such as bonds . . . You have a Bond which you have a smart contract for which is fed market data through an oracle, calculates the effective interest rate and payment based on the terms of your bond, and processes your dividends through a payment network oracle (SWIFT Payment network)
Insurance smart contracts, which uses data from IoT devices in your home to support claims for insurable events, such as your fire alarm or home security system automatically beginning a claim with the company providing your personal property insurance when one of those events occur.

>>3841154
iz le linkie

>>3836320
... I'd have $80,000 which is a lot of money for me.

t. pooorfag

0xab5663a19ea984ce1c4bc112f33c492b39230c9a

I made this
<----

>>HOW DID YOU STEAL ALL MY LINK WHEN IT ISNT EVEN ON BITTREX

lmao that's pretty funny

Bumping dead bread.

>>3820132
Sergey (PBUH) is not fucking around, he is carefully crafting a mission to another galaxy, the likes of which have NEVER and will NEVER be seen again.

>>3819186
Same here, senpai, that flash sale yesterday was glorious. Black Friday for Lambos. So pumped for Sergey(PBUH) to demolish at SIBOS.

>>3819178
I am all in on LINK but I wont shill, just read the whitepapers, these coins speak well for themselves.

Hnnnnnngngggggfgg I bought at 7700 last night YESSSSSSS YESSSSSS YESSSSSS YEAH FUCK THE WEAKHANDS AHHHHHHH

I need 249 to hit 1000 LINK biz-bros... almost to the 1000 club!

by the way, I'm also having issues with binance.com, try www.binance.com

<--- see pic, I made on photoshop and I love seeing it posted on here by other people

we're gonna make it bros

should've bought more when it was marinating on ED

AYY LMAO

Guys, how does one price in 11000 banks as potential partners after Sibos? As well as millions of other players in different industries?

Money moving into bitcoin.
Use this chance to fud chainlink, and press it even more down.
Spread FuD on chainlink en masse.
While every fucking other coin is in a worst state.
Meanwhile accumulating like crazy and buying small amounts of coins from weakhanded paranoia babies gambling with their rent money.

Sibos is next week, enjoy your last shakeoff. Also stupid fucks who get jebaited deserve to lose everything and live on the streets, dumbass brainlets

I have NEO and QTUM... completely chink-dependent portfolio... and LINK of course