/biz/ - Business & Finance

Bought most of my stack at 30 cents, some at 1 dollar, and I will never buy more.

>>11418703
Nice pasta fag. But check this shit out.

We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>10966372
This. "Hiring of marketing director and launch of network"

>>10393964
We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>10274602
Nice FUD faggot.
Blocked. We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>10268085
Weak FUD BTFO faggot.

We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>10223406
We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>posts hypothetical and completely baseless "sergey could do x" argument
>posts completely unrelated picture
>posts in retard speak

Youre never going to make it OP, and thank God for that.

We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>10038353
Here dummy.

Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project. Kinda makes the whole complete and total radio silence until main net make sense now.

>>9754588
Hey man... im with ya... but we all know...
We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project...
So... is it ready for launch?

We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>9751633
The ico had 32m cap. To buy presale you had to buy in chunks larger than 300 eth. Surely there were some bizraelis here. Now. When ico went live, the available market cap for purchase jumped instantly to 30million, leaving only 2mil left for purchase during the ico outside of presalers. In order to participate in the ico, you had to purchase minimum of 100 eth. This is where most of biz came into play. There were several pools being shared around etc, but they were mainly in the ico camp, not the presales. The remaining 2 mil market cap sold out in about 5 mins counting a 3 min site failure due to traffic. So, no, biz honestly does only make up probably 5 percent or so of the link holders, not counting the few large biz whales who were in presales. Actually, 95% of the circulating supply is indeed in the top 100 wallets.
What assblaster said was right, we werent meant to have this, and they want as much of it back as they can get.

>>9743515
What are you talking about? Not a day goes by where there isn't 3 dozen link threads a day.

What's ACTUALLY happening is the closer we get to main net, marketing, and the team finally beginning to communicate their product and all the partnerships we've been speculating on for the last, what, 7 ,8 months begin to come out of the woodwork..... the FUD machine is getting kicked into high gear. Tripling the amount of FUD threads. Despite the FACT that 95% of the circulating link supply is in the top 100 wallets.

Everything assblaster said was true. We weren't meant to know about this. We weren't meant to have it. And they want it back.

No, sir. I see through your games. I'm not selling.

>>9675803
We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>9659505
Exquisite.


We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>9637605
We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

We won’t know anything for sure until mainnet. Sergey knows that under the hostile SEC regulatory apparatus that he must maintain the idea that LINK is a decentralised utility token and not a security and once it has utility they can promote chainlink, but not before that, or it jeopardises the whole project

>>9602252
DO YOU REMEMBAAAAHH THE 21ST NIGHT OF SEPTEMBAAAHHH?
https://www.youtube.com/watch?v=Gs069dndIYk

>>9591835
I made this =] ... awesome to see its your favorite.

32k here ...

>>9588863
Top fuckin kek. Cheese muncher.

>>9560287
NDAs. These statements from Rory in my mind fit perfectly with what AssBlaster said. This is an institutional project built from the ground up. When the team and project start making announcements and partnerships come out, this shit is going to the moon.

PSD2 is the primary reason I became involved with ChainLink and co-founded this subreddit. For context, I work in the Financial Services sector in the EMEA region, and I can tell you it is all about PSD2. In 2019, every European Financial Institution must provide API support for payment initiation and account enquiry made by the incoming onslaught of new Fintechs.
The banking landscape in Europe will change radically in a short period as Europeans begin to take advantage of the latest technology offered by Fintechs to meet their banking needs in today's world. Blockchain technology has come along at precisely the right time, and DLT has become almost as big of a buzz-word as Fintech itself. Also, in extraordinarily good timing comes ChainLink, a service that bridges the gap between Fintechs using DLT and Financial Institution APIs.
Behind the shiny new APIs lies the prize that SmartContract have evidently positioned themselves on - legacy payment systems that will accept nothing but the payment formats they were originally designed for. This format is likely to be the new (actually >15 years old) ISO 20022 XML format. Any Fintechs wishing to make use of the new APIs can bet for sure that the Banks will not be converting formats on their behalf and instead will need to submit instructions in ISO 20022 format.

ChainLink is the first project of it's kind whose goal is to provide a decentralized oracle service.

Ethereum is currently worth $1,000 because it offers trustless smart-contracts. Smart-contracts are a way to program the money to do things that's guarenteed. An example would be Bob sends Alice 500 RCN instantly when Alice sends Bob 500 REQ.

But there is a major issue with smart-contracts. Smart-contracts can only access blockchain data. In order to access 3rd party (stock prices, gas prices,weather information, etc) they need an oracle. An oracle is a service that converts 3rd party data into smart-contract usable data. An example would be let's say Bob wanted to make a smart-contract bet with Alice on the outcome of the last superbowl. The oracle that provides the game data would pull the ending score information from Yahoo, Google, NFL.com, etc then send the information to Bob's smart-contract.

The problem here is that the oracle is centralizied, and both Bob and Alice would have to trust this single oracle, which could be hacked, to be providing correct data, and because of that there is no reason to be using a guarenteed trustless smart-contract if the data is not trustless.

This is where ChainLink comes in. ChainLink will offer decentralized oracles that provide trustless data. With this system if Bob and Alice wanted to create that smart-contract they could pull information from multiple LINK nodes, and confirm they are all providing the same accurate data. These LINK nodes themselves could then pull each of their information from Yahoo, Google, NFL, etc. Because the nodes are staked with LINK tokens, if one node is providing incorrect data they would risk losing a portion of their staked tokens. LINK nodes providing correct data will be paid in more LINK tokens.

I hope this explanation clears up what ChainLink does and why it has a massive use case.

ChainLink's testnet was just released and it's mainnet is scheduled to release later this year.