/biz/ - Business & Finance

>>11040186
You sure?

>>11008219
I see where you're coming from. The problem with all of you people is that autistic and unimaginative, and this makes you all frustrated. That does not mean that chainlink is useless for the car situation.
Here is one scenario where the enhanced tamper resistance of multiple chainlink nodes would benefit tesla AND the customer:
Let's say Tesla has a fleet of on-demand driverless taxis which collect payment automatically, via smart contract, upon arrival at the destination. In order for this to work, the smart contract needs to know that a fare has been picked up, that they have arrived at the agreed upon destination, and how much is owed, in order for the payment clause of the contract to trigger. In every step of the process, the car AND passenger need to report their own unique information to the smart contract; you can't (or at least shouldn't) trust only one of them. So, the Car API and Passenger's Phone API report their respective data to chainlink, which aggregate the results and check that the data is coherent enough to trigger payment (eg. the destination reported by both apis is within some acceptable threshhold). Tesla and the passenger benefit specifically from chainlink's decentralization/multiple nodes because of the inherent protections against MITM attacks and one-off data transmission errors. Also, afaik the answer aggregation aspect would have to be ad-hocd into current centralized solutions like oraclize, whereas this is how chainlink operates by design.

>>10967222
Niggeranus it is

>>10940163
>tl;dr version

We are inconsequential in the greater scheme of things. Do you know how many people will get shaken out? Do you know why there is such a big difference between the circulating supply and the actual supply? Do you know how many people will and actually can run a node and just sell their coins for a profit?

350,000,000 LINK is the total circulating supply. When it reaches $1000 it will have a marketcap of 350,000,000,000. Considering that $1 of new money increases the marketcap of a coin by $10 that is around $35,000,000,000 of actual money entering the market.

The EU is talking about decoupling from the USD and focusing on using home grown solutions like SWIFT to decrease dependence on the USA for global payments.

>Global non-cash transactions broke a decade-long record for growth in 2014-2015 with volumes exceeding 11% growth to
reach more than 433 billion. In WPR 2017, we estimate that global non-cash transaction volumes will record a CAGR of 10.9%
during 2015–2020E. Which markets will drive this growth? Developing markets are expected to boost the global growth rate of
non-cash transaction volumes with a sustained CAGR of 19.6% during this period, while mature markets are expected to grow
by a modest 5.6%. Europe, including the Eurozone, is expected to witness stable growth of 6.5% over the next five years.

>Tackling Cybersecurity Vulnerabilities in the New Payments Ecosystem

>All stakeholders must strengthen the security of transactions against potential cyber threats. Banks and other stakeholders have three options available to them: Collaborating with FinTechs, making investments in advanced technologies and monitoring tools, and strengthening internal governance to ensure seamless compliance.

Using Link Tokens to save billions a year is nothing. Banks don't have to think about time the way we do. Institutions live longer than us. $35 billion entering the market for this kind of tech is literally nothing.

>>10935480

>>10820420
$5000 EOY. TAKE MY ENERGY!

>>10607728

PRAISE

>>10598900

Boys, I just scored a date with easily one of the hottest and most ambitious girls I've ever met. Because of link, I think I'll be able to have enough money to support a family in the future, and thats honestly all I want. Looking forward to getting a house with a garden and a nice view to boot. I just wanted to say I love you guys and maybe ill be coming here less, see you anons at the link EOY meetup party with my girl.