/biz/ - Business & Finance

>>29999999 decides chainlink eoy price

>>29162115
Yeah. You know who else was getting suppessed by mysterious, unkown forces? Trump people. And now they've been rolled up by the FBI after trying to start a white supremacist insurrection. Take a hint, buy something that is proven.

Where do you see crypto 5 years from now?

>what happens if btc is flippened
>if so, how will the market react, without halving cycles
>will eth remain dominant chain or get cucked
>will defi be adopted by banks, retail etc
>will enterprises finally adopt smart contracts
>will chainlink still be relevant? or will new generation chains find a way to have native oracles?

2022, staking goes live. There's still zero adoption of enterprise smart contracts. 99% of jobs on the chainlink network are still data feeds funded by the dev wallet. A dozen nodes open themselves to neet collateral. The average staking returns: .0002%. The linkies who genuinely believed that jason parsing 10 APIs per hour at 1 cent per call for inexistant customers would actually generate profit start facing the reality of tokenomics for the first time in years. 2023, the chailink network closes its doors, after its entire community of bagholders committed mass suicide. Oh well, at least the memes were funny.

https://www.youtube.com/watch?v=hzvqbilDWAE

The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry.

Morningstar Inc., is valued at $6.4 billion

So far, Morningstar has been working on two major blockchain-based efforts in the debt securities industry. One of them intends to put Morningstar’s system for rating bonds directly on the Ethereum blockchain via a technology called an oracle, the report notes.

Oracles move data onto a blockchain in a way that ensures the data is not manipulated and therefore makes it eligible to be used in a smart contract.

The second project involves making quantitative rating models for debt securities available on a blockchain. Credit agencies use said models to determine the creditworthiness of different types of debt securities.

“We’re working very closely with a number of blockchain-oriented firms who are looking to issue debt instruments on a blockchain,” says Morningstar Credit Ratings chief operating officer Michael Brawer, 48, who oversees the company’s internal strategy. “We're looking to see how we can also provide credit opinions, whether it’s a credit rating or different types of credit data and credit analytics that accompany those debt instruments, and we’re also looking to provide our services on a blockchain.” In May, the company said in an email that it was in conversations with as many as nine blockchain startups interested in doing everything from originating assets on a blockchain that could later be securitized to facilitating debt issuances to selling products to financial institutions that want to issue debt on a blockchain.

In Morningstar’s case, the company is building its smart contract oracle, or “smart oracle,” as Brawer calls it, using a small team of existing employees.

According to Brawer, the smart oracles project could be ready as soon as the end of 2019, but the blockchain modeling project might not be ready for launch until the end of 2020.

Reminder that the eventual number of oracle requests is finite rather than infinite.

Most of the oracle calls will be for DEFI. Prices. Once you have dozens of oracles providing the top 100 crypto prices renewed every 30 seconds, that'll be 95% of the network activity. Weather, IoT, flights, that'll be very minor stuff. Thousands of nodes, that's a meme, 20 nodes or so will be the regular security approach. Once the network hits that plateau, there won't be any more potential for growth and it'll only be profitable for the 50 or so nodes with the top reputation.

I'm gonna COOOOOOOOOOOM