/biz/ - Business & Finance

It feels like fucking Christmas, I can't believe this is actually rolling out. We finally fucking got there, bros. I love you all.

>>29548521
chain link will reach $340k / token, so why sell now?
somebody post the calculations.

>>25841759
blessed hal thread

Which one will have more staking gains; 10k LINK or 200 ETH?

1 LINK = 1 LINK

Any price before staking is irrelevant, high or low

don't let the fudsters get to you

peace

can you feel it?

Sorry for making an autistic post but i have to just be clear on my question. Over this year for my attempt at crpyto, iv made it out of the McAfee scam called GHST and accidentally stumbled upon Chainlink over a funny meme at 4 dollars with 23 now 145 LINK. Had two wallets using Uniswap and ended getting 800 freebies of UNI giving me that second chance I needed. and Now having 1000 PRQ and 1.5k GRT.
I dont know what thing is out there causing all this but all i have to ask is this. Why were we chosen?

>>24372209
>>24372185
nice thanks a lot anons

>Whats your plan?
Gonna have sex with two dudes at once

what am i looking at pajeet?

I think BAND should integrate LINK oracles, it would be a big-brained move.

we've been spilling beans non stop for 3 years

>>22700722
based and checked!

>tfw $10 is now fud

An army only has a few officers.
YH3Y

I bought a piece of string worth of Chainlink can anyone tell me how long it is and how much it will be worth?

>>>/biz/thread/S4441052
Comfy nostalgia thread for the oldfags. We all made it.

To perform extremely high value exchanges (like trading derivatives), banks currently have to make use of what is called a Central Counterparty Clearing House, or CCP.
The CCP is a third party which acts as a middleman between the banks, and reduces the risk of one of the banks not following through with their contractual obligations. One of the ways that this risk is ameliorated is the CCP holds a "default fund", or DF. The default fund is a pool of money that every bank that uses the CCP pays into. If two banks enter into an agreement and one of the banks fails to follow through, the bank that would lose out is paid out from the DF. It is essentially a way for all the banks using the CCP to have a sort of group insurance. When a bank is paid out by the DF, it is the responsibility of all of the banks in the group to top the DF back up. Given the value of the contracts that are being exchanged through this process, DFs likely hold billions if not tens of billions worldwide.

The use of smart contracts to administer derivatives trades completely removes the need for a default fund. As the DF constitutes a type of counterparty insurance (insurance against the fact you can't guarantee that the other party will perform their side of the trade honestly), the removal of counterparty risks through smart contracts means that ALL of the money that is currently being held in default funds can be liberated back to the banks who are currently paying into them. As mentioned above, this constitutes billions if not tens of billions in savings that will instantly be returned to the banks.
This is just one of the benefits of a smart contract based derivatives system, many more are laid out in the recent Chainlink blog post, but it is a striking example of how strong the incentives will be to adopt a smart contract system as quickly as possible, and how competitively disadvantageous it will be to lag in adopting this technology.

15 cents is coming again
sell now and buy back 40 % more
you've been warned

Sub 30 cents
I'll enjoy grabbing your bags at 20 though.

>>8547768
>>8547769
>>8547777
Now that is a delicious get.

>50,000 Link
>$25/Link
>Staking them through nodes
>2.5 % gains per month
>$31,250 income/month

Why the FUCK are you not all in rn

Does anyone have a link to that early ChainLink FUD video where the guy compares it to Mastercard and does some spectacularly retarded math based on that? I want to save it for posterity in case he takes it down once LINK moons.