/biz/ - Business & Finance

>https://create.smartcontract.com/#/contracts/9a981e32354ed4f051d7a198792be976?tab=info
>http://www.fintechblue.com/2017/09/blockchain-credit-default-swaps-part-2-application/
>https://nasdaq.com/article/dtcc-to-launch-blockchain-credit-default-swaps-reporting-in-early-2018-cm794771
>https://youtube.com/watch?v=3mdhr4_T-nQ

>>10446124
I just hope you guys realize she is not Assblaster. If you look at the old posts, Assblaster said he was changing jobs (that was in dec 2017). She has been working for DA for years.

>>10446188
likely just meme magic, a sign from kek that we are on the right path.

Stinky linky to 1k!!!

>>10446188
we know this but assblaster could easily have made up the name with her in mind.

>>10446212
We're all going to be rich mein negger.

>>10446212
Assblaster said his name was a play on his bosses name, so he probably worked for her.

Either way it doesn't really matter seeing that the Link token is useless and was misrepresented to us by smartcontract.com

>>10446255
>the Link token is useless and was misrepresented to us by smartcontract.com
lol, someone sold hoping for a dip.

>>10446290
Never sold, but the implications of companies being able to use only their nodes with 0 Link stakes are nothing to ignore. We were led by the team to believe that the token would be key to the reputation system and securing contracts, but now they've revealed that it can totally be bypassed and companies can essentially plug in their own reputation and identity to their nodes.

>>10446330
>but the implications of companies being able to use only their nodes with 0 Link stakes are nothing to ignore
Then why did you ignore them for almost a year?

>>10446330
2/10 FUD
>companies can essentially plug in their own reputation and identity to their nodes.

0 link to run nodes, lots of link needed to bid for high value contracts where collateral is needed.
This means you average joes soap can use the link network but you can be sure he wont be getting selected to supply data to a contract

>>10446431
>high value contracts
with multiple parties involved..

who the fuck is gong to trust a node with 0 link ran by the same people supplying the data?

>>10446336
The "0 link required to run a node" wasn't a big deal at all because of the reputation/collateral system. But now, they've revealed that that system can be totally bypassed by the companies we were banking to use our nodes, the token has far less potential value now. I'm talking about a small fraction of what it could've been. $1000 eoy is dead.

This was misrepresented to us since the inception of Chainlink. It's something that should lead to a class-action. By misrepresenting the necessity of the token under potential widespread adoption of the network, smartcontracts.com inflated the value of the token. I think this was deliberate. don't believe Sergey, Rory, or Steve were behind this, but probably some of the other developers intentionally leaving out this piece of information that it crucial to the staking system. I believe this was done so these developers could sell the tokens they were paid in for a higher value. We were duped. And that is just a theory, but it is either that or they are wildly incompetent at informing potential node operators.

>>10446444
no one. the more link you have, the higher the collateral. the more trust there wil be. big business wil not trust some 100 link neet node.

So what's the dump price?

>>10446487
what the fuck are you on about? they didnt inflate shit you idiot. have you been following the project since ICO? no, so then you should shut your mouth.

>>10446444
>>10446496
Or companies that will be supplying data and running nodes can have 0 stakes and have a public ID for their nodes, that essentially uses the reputation of the company itself rather than what the originally believed node operating standards would be

>>10446519
Just a theory, but they have a duty to accurately represent their product. Since they failed to do so. They led people to believe the token was essentially a stake in the network, and they pulled the rug out from under the feet of anyone who invested based on that premise. They profited from this, and they should be sued

No one even gonna try to refute anymore? Cmon biz

>>10446487
>But now, they've revealed that that system can be totally bypassed by the companies we were banking to use our nodes
They didn't reveal that "now", this has been common knowledge for nearly a year.

You're just clueless.

>>10446124
delete this thread
NOW

Who is ass blaster?

>>10446124
Do you guys think that sergey fucks her?

>>10446916
No, it was just recently revealed. It was unclear (but generally mentioned by the team as being totally decentralized) how nodes would be selected and how exactly the reputation system would be determined, but now we know. It appears that the network will be largely centralized around companies and their nodes (with 0 link staked) with a very small decentralized chunk consisting of random node operators with Link staked and the original reputation system in place. The use case for the latter will be miniscule.

>>10446188
She's not, but the name was based off her

>>10447054
>No, it was just recently revealed
No, it wasn't.

People have been trying to milk this ignorant "they'll use their own nodes" fud for many months.
In fact, for nearly a year the website proudly stated that Chainlink was proud to be helping SWIFT develop its own smart oracle.
And retards like yourself tried to make even bigger retards believe that this was somehow a bad thing.

Again, you are simply clueless.

>>10446982
Die

>>10446444
Google, but someone still needs to pay to access the data. Data ain’t fucking free

When LINK makes me rich I am going to have a forest green lambo and blast lil pump everywhere I go, I will be the ultimate dickhead nuisance to my newfound poorfag peers. I will pay them sums of money for my entertainment, and make them pay money for events I hold.

>>10446526
>have a public ID for their nodes, that essentially uses the reputation of the company itself
fucking KEK
You really dont get it do you.
You have no come back using "the reputation of some other company".. how do you know the contract wont be so big that its in their interest to fudge the data?

Also.. suppying the data and writing the data to the blockchain are two completely different but both necessary processes. Falsifying the data at the API level is really hard, a single node (oracle) writing the data is much easier to falsify.
Hense the need for a decentralised oracle network.

>>10446124
I don't even need $1k to make it. I just need $200 or so.

>>10447293
Buy why wouldn't someone just trust a google node to supply and write their data?

>>10447407
FYI Googles Cloud Plattform is collaborating with Digital Asset

>http://hub.digitalasset.com/press-release/digital-asset-and-google-cloud-collaborate-to-bring-blockchain-solutions-to-the-cloud

>>10447407
They will have to trust them until AI becomes more ubitquous. It’s just how it’s going to work. It’s like AI self driving cars why aren’t they everywhere on the road. They will be but it’s a process. You guys are expecting too much.

>>10446893
why refute? we’re trying to keep prices low for a reason

>>10446724
That's not true. I don't think anyone believed that you absolutely had to stake link in order to run a node. If you want to stake link in order to try to take on higher valuable smartcontracts, then that it within your prerogative to do so.

what's gonna be considered a lot of link in the future when mainnet is out though. Isn't that going to be determined by the price of link?

>>10446526
>that essentially uses the reputation of the company itself rather than what the originally believed node operating standards would be

Even though that might be the case, you're not going to want to use only one company's nodes. You are going to want to use nodes all over the world. You should be able to put a higher valuation on trustworthy nodes. So for instance you use 1000 nodes, but you want to give google's nodes a higher valuation than jo blo's node. You're still going to use jo blo's node because the whole point of chainlink is decentralization, but you realize that jo blo's node has a higher risk. And jo blo can increase the valuation of his node by staking link in it, but it isn't necessarily in his interest to stake link in his node because there is risk involved. If his node goes down then he is shit out of luck.

>>10448002
>"You're having a whole Link, anon? Whoa, is it me, or did it just get really hot in here".
Woman in 2022.

>>10448061
for real though if link is worth 1 dollar and it's a million dollar contract they probably want something like 500,000 dollars worth of link in collateral or maybe even less, depending on whatever the contract needs and is requesting. so if someone is holding 20k link and link ends up being worth 1000 link, those nodes have a significant amount of capital to put up on these contracts as collateral

>>10446124

>>10446124
>>10448217

>>10446124
>>10448217
>>10448236

From Synchronize 2018

>>10446124
>>10448217
>>10448236
>>10448249

>Singularity University 2017

bump

>>10448263

oh, she also worked at JP MORGAN

>>10447436
>>10448217
>>10448236
>>10448249
>>10448263
>>10448331

>>10446893
I am, a bunch of bullshit of no value, go neck yourself Fudder.

>>10448217
I really gotta update that one, probably gonna be too large for /biz/ to handle tho

>>10448388
1 thing Stinkers haven't taken into account is the competition

Oracleize may be shit, but there are other projects that will give Link a run for its money

Only link holders are so deluded to think their coin will be the next BTC or ETH

Of course, who really knows at this point. It has first mover advantage so we'll have to see what happens, maybe they're really working with big players and that could lead to massive gains

Even then, it will take a miracle for link to gain the hype it needs to moon, no marketing means no gains

Oracles will be important, but probably not to the point where Link shillers delude themselves into believing, take everything with a grain of salt.

You'll have to make a decision to join the linky cult and drink the koolaid or buy coins that will actually go somewhere, don't spend all your money on memes

There is a PnD group who mainly post here and use bots and their holdings to swing the price of link up to 40% but normally 10% to milk money out of small buyers. They spam the board with shill or fud depending on whether they are pumping or dumping or recycling back in. They use algo step buying, fake buywalls and milk retards on here who think they are part of a special club. The truth is in this post. It's pathetic and ugly but the truth and its been going on since the ico

Good work OP

>>10448388
1 thing Stinkers haven't taken into account is the competition

Oracleize may be shit, but there are other projects that will give Link a run for its money

Only link holders are so deluded to think their coin will be the next BTC or ETH

Of course, who really knows at this point. It has first mover advantage so we'll have to see what happens, maybe they're really working with big players and that could lead to massive gains

Even then, it will take a miracle for link to gain the hype it needs to moon, no marketing means no gains

Oracles will be important, but probably not to the point where Link shillers delude themselves into believing, take everything with a grain of salt.

You'll have to make a decision to join the linky cult and drink the koolaid or buy coins that will actually go somewhere, don't spend all your money on memes

>>10446330
FOR THE LAST TIME. THE TEAM HAS STATED FOR A LONG LONG TIME YOU DONT NEED TO OWN LINK TO RUN A NODE. THIS ISNT NEW. WE ALL KNEW THIS. THESE ANONS JUST WANT YOU TO SELL

>>10448427
0.5 / 10 FUD

>>10448405

Someone needs to update it.

>>10448367
Boom....

>>10448450
No marketing YET. they literally just announced the marketing director 3 days ago

>>10448450
Even more pathetic fud. Just stop you are making a fool of yourself.

>>10448495
I'm on it.

>>10448458
>>10448502
>>10448521
Fud? I think you're missing something

>>10448523

>>10448450
All you have to do is look at the people on that stage and think about others that have been somewhat connected to Link and you can clearly see what the most important project in crypto is for future adoption. If you are not either already holding a large stack or buying like a madman right NOW you are clueless, don't let the fud of some greedy azzed pos pump and dumper like the lowlife in this thread stop you from getting your lotto ticket. Just my opinion, dyor.

>>10448618
i'm so glad there are still a few of us here that aren't actively trying to fuck over other anons.

>>10448618
The network will get sybil attacked to the ground and the only way to stop this a centralized certification process. Unless you believe in some magical reputation system. Sure, I mean people also believed in Bitconnect's trading bot.

>>10448555
Chekt
$555 by December 1st confirmed

>>10446188

Blythe Masters is a big name outside of crypto. She became known as the key player in the manipulation of gold and silver prices after 2011.

>>10447101
Holy fuck
Check this assblaster video
https://youtu.be/RGcZyUK5oLE
This conference funded by Symbiont.io

We fucking made it
We are pre-rich

>>10448627
I don't want any anons to sell, I shill 98% of the time. Sometimes though I play devil's advocate when there is a legitimate debate to be had. It will only make Link stronger in the end.

$1000 eoy

>>10448720
woah

>>10448720
>JP Morgan
>Santander
>Digital Asset

ok all of these firms are in someway connected to LINK

- Santander was a part of the POC at Sibos
- JP Morgan part of IC3
- Digital Asset part of IC3

all stand to benefit from ChainLink's success

>>10448864
Also AssBlaster worked at all of them

>>10448097
1 link worth 1000 link

Wait whut

>>10448768
You should be ashamed of yourself imo. Your 2% non shill could have fucked over some weakhanded holders that could lead to them losing a huge financial windfall not only for themselves but to their families and others in need. If you want to debate issues fine, but why not say up front you are a solid investor and believer ib Link. Karma dude, what comes around goes around.

chainlink is the best thing ever made by a human, prove me wrong

>>10447011
if he were fucking her she wouldnt even be alive anymore. not because his body would sufficate her, but because hes that good at fuckin'

>>10448937
You're wrong, Sergey isn't human, he's an angel

>>10449068
Try a God...

>>10446235
Oh Juny it’ll be much higher than that.

>>10448922
linkflation

Man I really hope it goes below 20 cents. I'm about to go FOMO on this.

>>10446155
>moitering
MAKE IT FUCKING STOP JUST SOLD 100K LINK FUCK THIS SHIT

>>10446124

>>10446155
>>10446155
>>10446155
>>10446155
>>10446155
WHY THE FUCK CAN NOBODY SPELL WTF MOITERING FUCK THIS SHITCOIN SOMEONE GIVE ME A REASON FOR THIS BULLSHIT FUCKING HELL

>>10449504
Sergey is fudding his own project in order to keep normies out.

I already own almost 9k link, but want some more. Should I give a frick and wait for dip or fomo now? Dip when?

>>10449573
you should probably wait a bit. we're still in a bear market and link probably still isnt going to rocket away any time soon.

>>10449610
if they can not even spell monitoring it will never rocket anywhere. god bless their code or we are done for.

>>10446155
>moitoring
have they fixed it yet damn. wtf i could use proper grammar in a foreign lang i do not even know because we have INTERNET

I WWANT AN EXPLANATION FOR THIS NEGLIGENCE JUST USE SPELL CHECK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>10449831
>>10449803
>>10449742
LOL BUTTHURT

>>10448936
If they cant DYOR and see the value in this project then they don't deserve it.

>>10449296
It could but could also to continue upward trend. Only about 45 days to mid September and there is speculation main net is in September. You could have to buy in at a higher price. If any announcements are confirmed publically then or before it is going higher, to what extent, who knows?

Who wrote moiterring? I want to talk with them. They realize I got 20 thousand dollars on the line and they are jacking off not using spell check!? fuck them

>>10446188
I mean, Assblaster said once that it would be very obvious why she chose that name ... ...
>...

>>10446330
You are the most annoying pajeet on here for months. Everything you say is a steaming pile of shit with curry on it. Kys.

>>10446487
You don't understand the project. Please sell all your LINK now and get off this board now. Funny thing is that your "FUD" is just stupidity. You will not make it.

>>10446724
>led people to believe the token was essentially a stake in the network

No. That never happened. Ever. Only retards who skim through leddit posts think they are "staking on the network" through a node like this is a chink scam like VeChain.

>>10448936
>dude1: jump off a cliff
>*guy jumps of cliff and dies*
>dude2: why did you tell him to jump off cliff shame on you

>>10449867
>Speculation that main net is in September
You mean some random anons were spamming it like they spammed July 30th and it became speculation?

This is stupid mainnet isn't until 2019 at the earliest.

>>10450211
Not correct, many events are coming up in September and the team has stated as they approach main net they will add marketing team, they just did that.

>>10446124
https://steemkr.com/cryptocurrency/@kyriacos/possible-ico-scam-with-chainlink

4 all of you newfags

>>10450369
low tier fud

>>10450360
>Many events
Name them.

>>10450369
10 months old

>>10450369
Holy fuck they're reposting 10 month old FUDs now. We're gonna fucking make it bros. We're rich

I want to build my own bunker/compound when I eventually make it.

How do I build a LINK bunker to keep out normies and (((them)))?

>>10450684
Swift has a large upcoming event as does the Salesforce Dreamforce event. If that isn't enough for you, as there are others, gfy and dyor newbie.

>>10450839

Don't forget DEVCON in the fall

>>10450839
>Swift and dreamforce having events has anything to do with Link
Seriously dude? That is all you have?

>>10450724
They can't spell why does that bother me so much.

>>10450839
You sound like a smart lady so I'll direct ny question to you: describe for me how you see ChainLink being used to trade skins on Steam.

>>10450910
>>10450910
Dude if you don’t know how this works you don’t deserve chainlink
Read up on what smartcontracts are

>>10448450

>the competition


implying link doesn't have a monopoly on decentralized oracles

>>10451580
Look a little closer at that post anon

>>10451594
They've been working on this problem for longer than you've known about cryptocurrency. They have more funding than any organization on the planet. They hire the best devs on this planet. They have first mover advantage. Zeppelin_OS is utilizing chainlink, and what do you know, zeppelin_os is 95% of smart contracts. Tell me again how they don't have a monopoly u fucking idiot.

>>10451594
Most people here are oblivious. $1000 eoy.

>>10451580

It has to actually be selling a working product or providing g a service to have a monopoly. They’re the first. It’s unclear how well Link will even work, if it works at all, or if people will truly care about decentralized oracles vs centralized ones.

The biggest problem is that before any of that can even work, you first need a smart contract platform to scale and be adopted for actual smart contracts. So far, ETH is painfully slow and expensive. EOS and Tron are jokes. No other serious competitor has deployed yet. Personally, I predict Holo will be the one to dominate this area the same way Google dominates search engines, but they have another solution baked in that doesn’t necessarily need oracles.

Then... and even if all of these big “ifs” come to pass and the price starts to go parabolic... you still have 2/3 of the supply not even on the market yet to flood it and drive prices down.

This is from Oracles announcement of their cloud service

Centralization?

A natural question is if all nodes are on Oracle’s cloud, then how do they achieve decentralization? The answer is that the nodes don’t all have to be on Oracle’s cloud, they could be on Azure, Amazon AWS or elsewhere.

Literally the only thing linking these clouds together will be chainlink, requesting secure verifiable data via APIs that’s why you see docusign being supported on every platform. I really think this is the only decentralized thing they are using. Plus maybe hyperledger, although I don’t know how decentralized that is exactly if it’s permissioned.

>>10450910
Could trade skins using smart contracts, making it trustless and not having to rely on steam or some other party to handle the transaction. Link will pull off-chain data into on-chain decentralised smart contracts through its decentralised oracles.

>>10451709

Pretty accurate. But I think a dominant platform for smart contracts is when, not if. I’m sure chainlink will adapt as needed.

>>10446444
Indeed. There may be some use cases where private 0 LINK node networks make sense, probably in the context of a permissioned ledger for internal recordkeeping/accounting. But for cross-party contracts, the whole point is you don't want to have to trust any single entity to be telling the truth. They'll need to use 3rd-party oracle nodes, otherwise it's like trying to settle a boxing bet where only one party has access to the news. Recipe for a bad time.

holy shit linklets got ir right nowall along

>>10446255
>Assblaster said his name was a play on his bosses name,
no, he said he just chose the most stupid name possible so his boss never confronts him for spilling the beans about link in case they would find out his posts somehow.
AB used british spelling tho, and she sounds australian, not sure what spelling they use

They changed the fucking logo

>>10451632
Look closer

>>10452666
satan kek

AB was said to be derived from a tv show, it probably has nothing to do with blythe

>>10451709
The reason why chainlink will work, the monetary incentives for companies to use it. That 650m stack is going to be given to a bunch of high ranking companies. If holo is free or not they could careless. Imagine gifting these companies 30% in savings plus a whole stack of free cash where the coupon and cash is only viable as long as you and your buds use it. Theres a double dip in this for companies. There's almost no reason to decline, and if everyone is using it more companies will just implement it. Watch SWIFT unveil it and pass billions of dollars through this network. It's literally an ad campaign. It's in their best interest to push the network out asap. What do you think SWIFT wants them to do, SERGEY TELL THEM WE GOT YOUR BACK. No of course not. SWIFT wants to sell them their links at a way higher price than .25 per link.SWIFT needed the ICO to make a "decentralized network" and make it seem open source. This is going to be the biggest financial system ever created, and this will be pushed on other countries where we dont know what the fuck is happening in their countries. The governments want to see open banking, and SWIFT is already implementing in a bunch of countries, this is their best interest.

tldr; CHAINLINK IS LITERALLY PRINTED MONEY.

>>10448922
The power of the singularity

>>10448217
This is the N-NWO right here lads.

>>10448450
TOP KEK, this nigga gooned all of you. Look at the first letter of every sentence. 1000 EOY.

>>10453216
Exactly this.

>>10452930

Are you that fucking stupid to realize that any other cryptocurrency, especially one that utilizes smart contracts will be using decentralized oracles to get data on and off blockchain. EVERY SINGLE FUCKING CRYPTO WILL UTILIZE ORACLES FOR DECENTRALIZED DATA FEEDS. HOLY FUCKING SHIT DO I LITERALLY HAVE TO SPELL THIS SHIT OUT FOR YOU. DYOR U MASSIVE FAGGOT. FUCKING KYS

So much delusion.

>>10453632
just look closer

>unironically investing in hillarycoin
the absolute fucking state

>>10453677

>>10453730
for a moment there I thought he was holding a monster

>>10453730

I am the idiot.

>>10451709
Topkek

>>Holo