/biz/ - Business & Finance

Big money pushing it down just to see how far it goes.

>WhaleBro started plugging XLM


Aaaaaaaaassaashhhhhh

tfw even crashing is more fun than being a nocoiner

Petition to start /nubiz/ for anyone that entered crypto after July 2017.

Go outside and look up, you'll see the moon you were so desperately looking for.

That's the best you'll get for investing in a meme coin.

>>5005473
This is why you never listen to the retards here. They kept calling it a shitcoin lmao

0xa04B0b6E82533B8aDa000499f55Eae8E1CfB9CC9

I got memed on and hold 120 AE bags from the ICO. /biz/ told me it was a sure-thing.

>>4620872

I mean, it corrected back to 5k just a couple of weeks ago. Every time we see a spike like the above, there is some sort of correction.

Okay anon, show me on the doll where uncle sam touched your portfolio

>>4465826
>tether marketcap $700mil
>btc marketcap $137BIL

ZOMG THIS EXTRA 700MIL IS PUMPING BTC ARTICIALLY HIGH ZOMG

jesus people are so fucking dumb

down 57% so far

>>4413422

This is definitely true. It's why Sergey has been focussing so much on pumping up the price of ChainLink tokens short term, so he can dump his 30% share.

Think about it guys. If this was actually a serious project they'd be working hard on developing their main-net and networking with big business. Instead they're on Slack all the time providing new roadmaps and building hype.

>>4387602

Sergey is actually a blockchain based AI hivemind who has been downloaded into a fleshsuit so it can interface with people IRL.

The only drawback is that the AI loves the novelty of experience that it can have in a fleshsuit, so it's eating a shitton of food. Like when Bender gets a human body.

WHAT THE FUCK? STORJ! IT WAS SUPPOSED TO MOON TO 15K

>>4370142

1/2

Smart contracts do automatic trades between people.

Basically if I'm trading you ETH for LINK in a smart contract, the smart contract is a bit of code that will "look" to see that you've fronted your 1 ETH, and I have fronted my 1000 LINK, and when both those conditions are met it will automatically do the trade. There is no chance for us to fuck each other over. The trade only happens when we have both put up our respective part of the deal.

This is super handy for trading shitcoins on the Ethereum network, but the reason it's not as handy in real life is because smart contracts can only "read" stuff that is coded in a certain way. So while ETH and LINK are coded in a way an Ethereum contract can understand, it doesn't work when, say, you want to exchange some of your ETH for my VIP movie tickets. The Ethereum network doesn't know what "VIP movie tickets" look like, so it has no way to know if what I have put in the smart contract is a legit copy of the tickets.

That's where Oracles come in. Oracles are prvate companies whose job is to translate outside information into info that the blockchain understands. So I could pay an Oracle company to code "VIP movie tickets" in a blockchain-readable way that would then let me trade them instantly and trustlessly with your Eth.

But here's the issue. If the whole reason we are using smart contracts is that it lets us do trustless exchanges without a third party, but if I need a third party Oracle to rewrite my tickets, then what's the point? I might as well just get a 3rd party company to oversee the trade. It makes the whole idea of a smart contract pointless, because you're still going through a private third party to make the exchange works.

ChainLink sets up a system where information can be moved on and off the blockchain, through Oracles, in a completely decentralised way. It never passes through a single third party with control over the information...

>>4355758

Good news lowers the LINK price, so we better all hope for no good news.

>>4349331

smartcontract.com's new Technical Communications Manager is working through the whitepaper and giving an easily digestible explanation of some of its features:

https://medium.com/@cl_thodges/chainlink-white-paper-section-4-chainlink-decentralization-approach-beaae3c2d8bb

We're honestly in such good hands. All my LINK is now on my ledger and now I litereally just have to fuck around until I'm rich.

>>4338361

Pfft. I've swanned around with those cunts and accrued $70k in fees and would recommend any highly intelligent young person just trade crypto. Uni is a fucking scam.

>>4336113

The masses don't give a shit about ASIC resistance. At this point it's pretty clear most people don't even really care about point of sale cryptocurrencies for every day purchases.

In 3 months time this coin will be completely forgotten, bleeding away with its uncles Swarm City, LBRY Credits, Iconomi etc.