/biz/ - Business & Finance

>>55320259
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.

>>28658974
I've been thinking about it and there isn't going to be a crash this time.
Billionaires are buying.
Businesses are buying.
Stimmy checks are coming.
There ain't gonna be a fucking crash this time.
This is it. The golden bull run of prophecy come to fruition.

>>21122119
Vroom vroom

>>20502962
Hoooooly hell

IT’S HAPPENING

Today im buying stock ticker SFET

Everyone called me crazy buying chainlink at $1.77 they said its red today and the chart looks flat or bad.

Yup thats how you buy bottoms and makes 1,000% gains. Here i am today with SFET at $1.77 about to get rich again, you mad?

<< How IRONIC! LOL 2yrs ago: Chainlink is solving Lamborghini problem. Now Chainlink devs and Curio devs are building a Curioinvest oracle. Reminder: Chainlink was also trading @$40cents.
https://www.reddit.com/r/CryptoCurrency/comments/74jxd2/chainlink_could_be_big_boys_has_a_working_product/

>>20225470

How do 430 cups of coffee sound

https://youtu.be/b86Pqlo9Aas

Might just get there today

>Inb4 dr:ns
But your read it anyways, didn't you Anon?

The next few minutes are absolutely crucial for Chainlink...

Is buying and holding chainlink pretty much making a deal with the "devil"? We sort of know what benefits it can do to the system and people, but no one thinks about the downsides it will provide. By the system making us rich, it hopes that we turn our heads the other way to the obvious continued enslavement and the reducing freedoms of humans.

sweet vishnu

It's January 2nd 2020. Where the fuck is my lambo. Can't even buy a 2020 Corvette. fuck this scam

>>15994543

>>15808497

You’re a retard. It says LINK will be integrated into the system. It says iExec is there to “code” smart contracts lmao.

It even says LINK will be a computational later, I thought that was like the one thing RLC ACTUALLY did, and LINK will be doing it.

RLC is doing some front end code monkey work with no mention of RLC being used in ANY way. LINK is the oracle layer used.

Buy 100% LINK.

50/25/25 LINK/ETH/BTC if you’re a pussy.

This thread didn’t age well.

>>15789103
Doing donuts in my lambo

Holy shit this is official? 1000usd eoy is fud!