[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:


View post   

>> No.14100415 [View]
File: 9 KB, 225x225, 252624464246.jpg [View same] [iqdb] [saucenao] [google]
14100415

100%

>> No.12909350 [View]
File: 9 KB, 225x225, j.jpg [View same] [iqdb] [saucenao] [google]
12909350

>>12908172
>want to hide wealth from government
>gives KYC to coinbase
that will be a yikes from me

>> No.12537284 [View]
File: 9 KB, 225x225, 252624464246.jpg [View same] [iqdb] [saucenao] [google]
12537284

>>12537171
>link is an intermediary service for competing cryptocurrencies
2% correct, 98% wrong.
>which means it's growth is dependent on the adoption of cryptocurrencies, which seems unlikely
100% wrong
>also cryptocurrencies are open sourced
>which means it doesn't stop existing banking/government institutions from adopting said technologies once they've matured
the value of the technologies is the security and liveness guarantee made possible by decentralization of validation and block propagation. you can't just copypaste the utility of public networks into private networks as a "technology". the public network's utility relies to a large extent on the permissionless for being a stakeholder with a say in what happens, or more importantly, what isn't allowed to happen.
>and what happens when all the coins are mined out?
>what incentive does anyone have to keep the network going?
In capped supply POW networks, the rule tends to be that the rate of distribution of coins for miners is halved every x blocks. This means that the mining reward minting never stops.
Miners do however get additional income from the transaction fees that users pay to send (or "write") on the network, which could be sufficient alone for a highly used network.

There are uncapped supply networks that plan on long term inflation of the write to chain fee token (the "cryptocurrency") to reward POW or POS validators.

Hope that helps. If you want to understand the use case of chainlink, and really the prime use case of blockchain in general, you must learn what smart contracts are, how they work and what you can do with them.
Good visual way to see how a simple type of trustless smart contract works https://www.youtube.com/watch?v=Rm1m-QvVQgM&feature=youtu.be

>> No.12439776 [View]
File: 9 KB, 225x225, j.jpg [View same] [iqdb] [saucenao] [google]
12439776

>>12439712
based

>> No.12055367 [View]
File: 9 KB, 225x225, j.jpg [View same] [iqdb] [saucenao] [google]
12055367

I'm putting together a team

>> No.11766003 [View]
File: 9 KB, 225x225, 252624464246.jpg [View same] [iqdb] [saucenao] [google]
11766003

>> No.10606638 [View]
File: 9 KB, 225x225, 252624464246.jpg [View same] [iqdb] [saucenao] [google]
10606638

always short cnbc
they're basically the marius of mainstream media

>> No.9840486 [View]
File: 22 KB, 225x225, 5A220E44-5AF1-495F-8801-EE4DEDF3D568.jpg [View same] [iqdb] [saucenao] [google]
9840486

>>9840003

>Honey, hold on to my Litecoins, I’ve got a mission

Navigation
View posts[+24][+48][+96]