/biz/ - Business & Finance

$13,555

>>13530267
how can one man be so based.

what is chainlink?

>ChainLink is blockchain middleware that allows smart contracts to access key off-chain resources like data feeds, various web APIs, and traditional bank account payments.

>By providing smart contracts secure access to these key resources, ChainLink allows them to mimic real world agreements that require external proof of performance and need to make payment in widely available payment methods e.g. bank payments.

what problem does chainlink solve?

>Smart Contracts are unable to communicate with external resources on their own. Data feeds, any/all APIs and traditional bank payment systems are all inaccessible to smart contracts without blockchain middleware like ChainLink.

>This limitation is inherent in how smart contract data is secured on a blockchain, and is due to the way that consensus is reached by miners around blockchain-based transaction data, this limitation will remain for all smart contracts for the forseeable future.

>The way this problem is traditionally solved is through the use of a blockchain middleware called an "oracle", which is the role ChainLink plays in the smart contract ecosystem.

ITT: people who cant see the forest through the trees

>>1824489
>cryptocurrency
>"magic"

>fiat
>totally legit bro

>>1536666
Those quints.

>>1492056
>muh labor theory of value
>but here's the twist!
>exploitation
kek fucking no. He was a fag. Here's the story:
>Adam Smith: labor theory of value
>but eventually abandoned it
>Along comes David Ricardo
>"kek Smith, you're dumb bro labor theory of value is real"
>but then Ricardo abandons it because his international trade theory developed
>then comes Marx
>"kek you both are wrong labor theory of value is real and the surplus is taken by muh capitalists and that surplus is derived from the exploited workers!"
>"my international trade theories that let Ricardo to abandon labor theory of value as well? oh i never developed that because im too busy sucking Engel's cock and asking my dead wife's family for money"
He literally is a shit economist and NO ONE takes him seriously in the world of modern macro. Political economy isn't even a thing anymore except with fringe left wing university professors.

And everyone knows political """""""science"""""" people are too stupid to even understand Marx's economic theories anyways. They probably think surplus is like an excess amount of goods or something kek

It also didn't define how people thought of classes either. Ricardo and Malthus were long debating capitalist vs rentier long before that fat faggot Marx came around, as did many other political economists before them.

>why shouldn't you read it
First of all because in its entirety its like 2000 pages

>second reason:
his economic theories are bunk and we live in a post keynesian/MMT world

>third reason
anyone who has ever tried communism has failed miserably or turned their country into a murderous hellhole

And distribution of wealth? It didn't change shit. As previously stated about Ricardo and Malthus, they were constantly debating who should get the surplus at the end of the day. And BOTH were right in the fact that the peasent wagecuck shouldn't get any of it.

I'm glad you recognize how faggot-tier labor theory of value is though

Thanks Robinhood shit, put a order for Market order for VSLR at 2.94 and didn't show it filled till later, gained .40 cents from where I was gonna sell. Robinhood, is the real MVP

mrw i think i bought too high but it just keeps climbing