/biz/ - Business & Finance

THE PARTNERSHIP IS REAL

Some said Link would MOON when a recession hits because banks would be quick to cut costs. A depression is happening and Link hasn’t reached $999 a token yet. WTF.

STILL NOTHING

Who would have thought?

https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-are-unstable-and-useless-swift-201909100926
>This kills the stinky

https://www.swift.com/news-events/webinars/iso-20022-for-api-new-technologies

Do we have an insider?

Serious question: will Swift use meme token or not?

I'm financially and socially ruined.

http://m.globallegalpost.com/big-stories/online-lawyers-to-offer-smart-contracts-next-year-4593250/

>Rocket Lawyer to create a new service for contract execution called Rocket Wallet. According to the company, it will create smarter transactions that are managed by a network, rather than a central authority. The system will be beta-tested to invited users this year and offered commercially in the first half of 2019, the company said.

>The system will be beta-tested to invited users this year and offered commercially in the first half of 2019

https://www.artificiallawyer.com/2018/09/07/what-the-rocket-lawyer-openlaw-smart-contract-deal-means/

>Rocket Lawyer, announced yesterday that it will be partnering with smart contract pioneer OpenLaw and blockchain developer ConsenSys, to roll out a variety of blockchain-based applications, starting off with a ‘Rocket Wallet‘ to link to the Ethereum blockchain.

>The partnership between OpenLaw and ChainLink to allow people to make use of blockchain-linked smart contracts for financial transactions without having to be the holder of a cryptocurrency.

Also every logo in Chainlink, smartcontract website at the moment are confirmed partners / chainlink users.

Do not tell this to Reddit as they are fucking retarded.

The singularity is approaching. Do not become a sinner

Why did Accord suddenly reveal they are working with LINK?

How many more partnerships are kept a secret?

Are aggregation stories already completed in private repos?

Is mainnet closer than we thought?

Overview

The LINK Network provides smart contracts with data, bank payments and access to APIs.

Profitability / Loss

Since ICO
: USD $0.11 169.6% | ETH 0.0003846 27.93%

Market

Volume (24hr) : $1,685,830.00
MarketCap : $103,795,300.00
Circulating supply : 350,000,000.00 LINK

ICO Information

ICO Start Date : Sep 19, 2017
Total Cap : $32,000,000
ICO Price : $0.11 | 0.0003846 ETH
Country : USA

How are you going to explain the $30,000 USD that just vanished from your bank account anon?

>BTC
>ETH
>LINK
>XMR
>?
what is one more coin that would round of this port nicely?
>decentralized currency
>decentralized smart contracts
>decentralized oracles
>decentralized anonymity
>?
help me fill in my last coin what part of the market can I add?

>>9013025
do not lose hope quite yet. This is a project that will out of nowhere 10x then 50x. - SWIFT’s messaging services are used and trusted by more than 11,000 financial institutions in more than 200 countries and territories around the world. Together with our role in standardization, SWIFT enables secure, seamless and automated financial communication between users.
SWIFT CONNECTION WITH CHAINLINK:
>"We're proud to be working with SWIFT on their own SWIFT Smart Oracle. Allowing smart contracts on various networks to make payments, send governance instructions, and release collateral with over 11,000 banks." (www.smartcontract.com)

Rory confirmed on Slack that the Sibos PoC was tested to process SWIFT's bond payments, then last month SWIFT released a pdf where they confirmed they will be implementing smart contracts to make their bond payments. Nothing is confirmed but putting those two together I would say highly likely. ChainLink will be used because you see "ISO 20022" messaging plastered all over SWIFTs research which is exactly what ChainLink will be compatible with.
>What is ISO 20022?
Good question OP, ISO 20022 is widely recognized as the standard of the future. As well as being flexible enough to work with the latest technology, ISO 20022 can also adapt to new technology as it emerges.

>How big is the API economy?
Another great question. The API economy is projected to be a $2.2 trillion market by 2018. - API is the acronym for Application Programming Interface, which is a software intermediary that allows two applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the weather on your phone, you’re using an API.

>Isn’t the problem with financial institutions like SWIFT taking advantage of DLT (Distributed Ledger Technology) is that it would take a long time to adapt their systems to handle it?

>That's not a false statement. However, the entire purpose of ChainLink, its goal, is to link those systems to the blockchain without having to do all the upgrades that would normally be necessary. Essentially, ChainLink is like an adaptor. For example, take an old truck. It’s so ancient, it has a cassette tape player. If someone likes to play music from their iPhone they will not be able, because there's no way to connect. Someone could buy an entire new stereo system for hundreds of dollars and must deal with installing it. Or, someone can buy a $20 adaptor that is literally a cassette with an aux jack wire coming out of it. Now someone can play music from their iPhone through a cassette player and they didn't have to upgrade anything, which suits them just fine. Now apply that concept to the entire global financial markets that would love to take advantage of the blockchain but have the old "cassette player" technology that they would rather not spend monumental amounts of money replacing from the ground up. This is where ChainLink steps in.

does anyone have another example besides this outdated version using a cassette player adapter example? or is this even a good example of what chainlink represents?

LINK is intrinsically worthless. Node operators can be payed in existing cryptocurrencies. Just look at the testnet right now, it only accepts ETH instead of LINK lmao. The fact is, Sergey was selling an Oracle, not a coin. Wake up. He filled his coffers with your ICO money to fund his Oracle company. L2ICO. It's been confirmed by numerous inside sources that a CL dev named Jason Parcer worked with Swift to create their own token which was necessary for them to run proprietary code (To reconcile nostro accounts according to my source).

The Oracle service SmartContract is providing to companies is absolutely necessary and vital to the future of blockchain. The fact that some of you guys think a fundraising token will play any role in this or "moon" when it can easily work with literally any cryptocurrency is hilarious. Especially after Sergey has done this right in front of your faces. Stay stinky.

Hey /biz/

It's been a while since I posted here.

I am a systems engineer on the SWIFT gpi team. While we aren't the team which worked directly with the SmartContract guys, I know a lot of people in that department.

The team considering CL really needed an onchain PoC method to reconcile the system's nostro accounts. While the current roadmap of CL didn't support what they were looking for, they did end up using an ERC-20 token of their own. They essentially forked the current CL build and added proprietary code to make it possible.

You can call this a shadow fork if you'd like. I'm not sure exactly about the technical aspects of it, but I know that they are using a separate version of CL and it's being kept on the down-low until they announce it. The main means of contact to them has been a CL dev named Jason Parcer.

I want to let all the guys who fell for the /biz/ meme of LINK know that the FUD was all correct. Oracles are great. The LINK token means nothing. There is nothing unique about what it offers. It's literal purpose was to fill Sergey's coffers to fund his Oracle service. L2ICO.

Drop your bags, it will be a great feeling. Sell it off, and don't even think about who you are selling it to at this low price.

>>8394048
MAKE SURE YOUR MIND AND BODY IS CLEAR OF ANY NEGATIVE ENERGY AND REPEAT AFTER ME

SERGEY WILL MAKE US RICH

SERGEY WILL MAKE US FAMOUS

SERGEY WILL MAKE OUR DREAMS COME TRUE

LINK

LAMBOS

HOT BITCHES

HOT TUBS

LINK

ALL YOU HAVE TO DO IS BELIEVE IN LINK AND SPREAD THE MEME MAGIC

VISUALIZE THE SUCCESS OF LINK

VISUALIZE THE LAMBOS

VISUALIZE YOUR DREAMS COMING TRUE

VISUALIZE 1000

WE CAN ONLY DO THIS TOGETHER WITH THE POWER OF MEME MAGIC

>>8350733
THE MEME’S GOT US TO TOP 100 COIN IT WILL GET US TO TOP 5.

SAY WITH ME

LINK

SWIFT

HOT TUBS

HOT BITCHES

LAMBOS

WE ARE ALL IN THIS TOGETHER

MEME MAGIC

>>8342470
YES

IT WILL GO BACK UP STOP SPREADING FUD YOU HAVE TO BELIEVE.

MAKE SURE YOUR MIND AND BODY IS CLEAR OF ANY NEGATIVE ENERGY AND REPEAT AFTER ME

SERGEY WILL MAKE US RICH

SERGEY WILL MAKE US FAMOUS

SERGEY WILL MAKE OUR DREAMS COME TRUE

LINK

LAMBOS

HOT BITCHES

HOT TUBS

LINK

ALL YOU HAVE TO DO IS BELIEVE IN LINK AND SPREAD THE MEME MAGIC

VISUALIZE THE SUCCESS OF LINK

VISUALIZE THE LAMBOS

VISUALIZE

VISUALIZE 1000

WE CAN ONLY DO THIS TOGETHER

>>8184205
>>8184285
FUD

BELIEVE IN LINK

BELIEVING IN THE CAUSE

BELEVING IN A BETTER FUTURE

BELIEVE IN OUR SUCCESS

BELIEVE IN LAMBOS

BELIEVE IN SERGEY

>>8182034
MAKE SURE YOUR MIND AND BODY IS CLEAR OF ANY NEGATIVE ENERGY AND REPEAT AFTER ME

SERGEY WILL MAKE US RICH

SERGEY WILL MAKE US FAMOUS

SERGEY WILL MAKE OUR DREAMS COME TRUE

LINK

LAMBOS

HOT BITCHES

HOT TUBS

LINK

ALL YOU HAVE TO DO IS BELIEVE IN LINK AND SPREAD THE MEME MAGIC

VISUALIZE THE SUCCESS OF LINK

VISUALIZE THE LAMBOS

VISUALIZE

VISUALIZE 1000

WE CAN ONLY DO THIS TOGETHER