/biz/ - Business & Finance

chainlink.chat is where the intelligentsia of biz is moving

>>55320256
3. Oracles. Right now the answer is "hey we can hire Oracle X to do the translation to represent this bank dollar transaction on the blockchain." The "oracle problem" with this is that you are 100% TRUSTING that oracle to act prudently. That they don't tamper with the data. So we can kill coinbase but now we have to trust the oracle instead of coinbase .This is a HUGE problem for Banks who want to get into blockchain but have to trust a centralized oracle to translate data. This Oracle can be hacked, falsified, defrauded, really all the problems that come with centralization.
4. ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract.

Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof.

So Thats what ChainLink does. ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids.

>Bakkt exposing Bitcoin for the useless shitcoin it is nowadays without its dev
>Link raking in the big news one after the other

It's almost time.

>>13912100
I haven't sold shit but the hype is too big to not dump, im prepared for a 20-30% dump

>>13793801
Both are confirmed to be using Chainlink.

Makerdao:
https://simplecast.com/s/fc4e10f3
1:15

Reserve:
https://reserve.org/whitepaper.pdf
>decentralized aggregator oracle solutions such as ChainLink [11] are preferred.

>>5275505
because they are

https://blog.zeppelinos.org/chainlink-partnership/

Posted today.

>>5136692
Im outsie, peace!

Its just congitive dissonance. They know LINK is a silver bullet. They know its for real. But they are NOLINKers. So they obsessively FUD it to try and confirm that their decision to not invest is correct. They don't just hide the threads. They don't just filter it out of their board. They don't do anything that would actually mean they don't care about it. They care so much. They can't stop talking about it. They can't stop FUDing, and it consumes them. Its all they think about. They wake up and FUD LINK. They eat their ramen and FUD LINK. They jerk off and FUD LINK. They pass out next to their body pillow and dream of FUDing LINK. They have to be right, but at the back of their head they're terrified. They're terrified that they might miss out on the next big thing. And so they cope by FUDing more. And the cognitive dissonance grips their minds more tightly. It's no longer an obsession. Its a fetish. But the more they try, the more they reveal the truth. The truth will be proven by their very reply to this comment.

We live rent free in their head.

>>3924546

Holy fuck the Binance LINK wallet is shrinking in size, people are pulling their LINK out of Binance.

>>3900439
>when IBM and Stellar Lumens come to ChainLink be cause ChainLink helps Stellar Lumens blow Ripple the fuck out

>>3888888
D i g i t s

>>3867781
>>3867773
>>3867766
>>3867762
>>3867750
>>3867744
>>3867732
>>3867723
>>3867715
>>3867709
>>3867696
>>3867686
>>3867677


>shitcoins bow to chainlink
>devs in contact with multinational bankers
>Sergey rumoured to possess psychic abilities
>control the blockchain with an iron fist
>own banks all over the world
>direct descendant of the satoshi royal blood line
>will bankroll the first cities on Mars (Linkdangrad will be be the first city)
>own basically every DNA editing research facility on Earth
>first designer babies will be Chainlink Babies
>both developers said to have 200+ IQ
>ancient Indian scriptures tell of two angels who will descend upon the Earth and will bring an era of enlightenment and unprecedented technological progress with them
>They own Nanobot R&D labs around the world
>You likely have Linkdabots inside you right now
>Seregy is in regular communication with the Archangels Michael and Gabriel, forwarding the word of God to the Orthodox Church
>They learned fluent French in under a week
>Nation states entrust their gold reserves with the Sergey. There's no gold in Ft. Knox, only Chainlink
>The devs are 67 years old, from the space-time reference point of the base human.
>In reality, they are timeless beings existing in all points of time and space from the Chain bang to the end of the universe
>Sergey will guide humanity into a new age of wisdom, peace and love

>>3851693
This
Is the best possible advice to follow.

>>3847888
>>3847898
>>3847915
>>3847939
>>3847954
>>3847971
>>3847991


3. Oracles. Right now the answer is "hey we can hire Oracle X to do the translation to represent this bank dollar transaction on the blockchain." The "oracle problem" with this is that you are 100% TRUSTING that oracle to act prudently. That they don't tamper with the data. So we can kill coinbase but now we have to trust the oracle instead of coinbase .This is a HUGE problem for Banks who want to get into blockchain but have to trust a centralized oracle to translate data. This Oracle can be hacked, falsified, defrauded, really all the problems that come with centralization.
4. ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract.

Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof.

So Thats what ChainLink does. ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids.

>>3838939
https://www.youtube.com/watch?v=ytv8U0bejPA
Lazy fucko
....in fact....

>>3836736

>>3813860
>corrupting Sergey's vision

>>3807271
Quality FUD.