/biz/ - Business & Finance

>>10515234
>bunch of new reddit accounts circlejerk about some former nestle employee being on the token advisor payroll

hurr its fucking nothing

>>10515271
hurr durr actually Ambrosus CEO already confirmed it too.
BTFO FUDjeets

>>10515311
Top kek. 'Interacting with'. Basically they talked to some Nestle reps about what they want to do. Nestle says that's cool but you're a fucking skeevy jackass so I think we'll just do it on our own. Fucking amblets.

>>10515234

There will insane fomo with this one, everybody's exited and greedy about that token now.

>>10515311
HAHAHAHAHAHA NOPE HAHAHAHAHAH
GET
ABSOLUTELY
FUCKED
AMBLETS

>>10515377
>so I think we'll just do it on our own
it needs to be trustless, so no. that' is impossible. they could bring out some sort of consortium solution with governments also running nodes and having full oversight, though

>>10515567

Oh they're trying to develop the system sure, they've been at it for almost a year.

Can't wait to see how it will be more secure than what they have now with their baby-killing milk.
Remember: always trust big corporation with life-saving information, they're so good at it.

>>10515567
KEK another FUDJeets come with m-muh IBM FUD!
Nestle deal with IBM is not exclusive anon.
Nestle partnered with both IBM as well Ambrosus.
The ambrosus partnership one is rumoured to be a 100K bundles/day deal.

>>10515643
>nestle says they will develop their own
FUD FUD FUD
THEY WILL USE AM

this is (you). Just burn your money already

>>10515234
shut up im trying to sleep

>>10515661
Anon, blockchain main advantage is it can be trustless and completely decentralized.
If nestle just develop their own blockchain those 2 component won't be there.
Partnering with Ambrosus is an obvious choice for Nestle

>>10515643

People can't imagine how much that would benefit Nestlé's corporate image, and so bring trust again to the consumers.
They can't do that with a native tracking system, they need AMB as much as they need Nestlé.

>>10515704
This

LINK has facebook director of engineering and blockchain as advisor that doesn't mean Chainlink is partnered with facebook...

lol Nestle is using their own private solution. AMBlets eternally BTFO.
>there *is* no profit

>>10516057
Not even in the same ballpark.

Even ifNwstle used AMB (they won't) it wouldn't make the token valuable. Why? Because these utilities can be used without a token of monetary value. Businesseshave an incentive to succeed as a business. They are not incentivized by earning meme money. Furthermore, such utilities demand nigh-limitless supply. It's foolish to think you are going to scam a profit out of this.

>>10516164

Can you tell me why no blockchain can really be secure without a trading token ? Or do you know nothing about blockchain tech and decentralization ?

>>10516120
Can't argue with that. LINK will make all of the supply chain project obsolete.

>>10516183
The token is an incentive and it's what makes a decentralized network trustless.

>>10516183
>no blockchain can really be secure without a trading token
A distributed ledger can use a token without the token itself holding significant monetary value.

>>10516222
The token is not an incentive. You're referring to the monetary value. Nobody gives a shit about tokens otherwise. For utilities, the utilitarian function is the incentive which brings revenue to a business using it. Nestle does not give a single fuck about accumulating tokens. Their market cap on a bad day rivals the entire crypto market.

>>10516222
>>10517024
Pic related

>>10517024
They don't give a fuck about the token unless they run a node. However, the more companies that pay to use bundles, the bigger the payout in amb is to nodes and the market will set a price for access to the network since they are getting dividends/payouts from hosting a node. Thats actually what is genius about AMB is that companies can use it with fixed monetary costs, while speculators and nodes can be volatile until eventually the network fills out

>>10517024
>For utilities, the utilitarian function is the incentive which brings revenue to a business using it.

Doesn't quite make sense. Business would want to use it to create âckages of data and disseminate them through the network in a decentralized manner.

Token value is the incentive that allows for individuals to store those data in exchange of fees in AMB.
They don't need to accumulate tokens since one entity is only allowed one Apollo node.

>The token is not an incentive. You're referring to the monetary value

Same thing, the monetaryvalue is the token.

>>10517024
Maybe not in that case, but in bitcoin/ethereum case it definitely is, without a token (Bitcoin, Ether), they wouldn't have lasted more than 2 months.

>>10517083
Exactly. Companies can use it without tokens, but them using it gives the network more activity which means higher payouts for those staking tokens and running. Really companies get the fixed costs they need and the token can still go up. Likely though is that companies will run an atlas node anyways

What was the name again of that scam company from the china hustle that also had a partnership with nestle and then the stock became worthless?

>>10517105

Exactly !
And I'm sure they'll run A BUNCH of Atlas nodes in the long run.

>>10517105

And slight correction: they must use the token, to emit data to the network I think. They can't create bundles otherwise.

>>10517140
Ok well even better. That could be done with the implementation of a dex anyways which can swap dollars for tokens in the background. But even if they didn't need the token, it is still very valuable. They can make money of running nodes and even not have to pay for using the network

>>10517157

Could be a primary use of the native AMBER token and one of its features. Would be neat.

Meanwhile Node runners are still getting rewarded in erc20 so that they can trade it easily.

>>10517088
Yes I agree with the. The primary function of the coins is as a token of monetary value. Otherwise people are essentially arguing that oauth token should have monetary value because it relies on a token for security. Brainlets don't realize tokens have been used for a long time.

>>10517024
You don’t think a business would care about the value of assets it has on the balance sheet? As in, an entity that exists solely to create value for shareholders wouldn’t be interested in massive appreciation on something it has? Have you ever had a job before?