/biz/ - Business & Finance

>>10674747
If ChainLink delivers, and some other big breadcrumbs get announced, we will see a rise like Ether or Ripple did in 2017 and LINK could actually become an top 5 coin in no time. It could be one of the first ones, delivering a product, usable for the real world and serving real smart contracts for everyday usage. It is not possible yet. Never with Ethereum alone and not without decentralized oracles. Only thing you can do is tokenize stuff, sell you ICO or use a centralized oracle to get a price feed. What do you think why ChainLink, as one of the only ones, can rise against the bearmarket? This is not your everyday pump and dump. This is real fomo for a fundamental huge project. 1000$ eoy is a meme. But 100$ eoy could be possible


Chek em

Blah blah blah

I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

It could

>>10674777
L O L
7 7 7

$2500+ EOY

>>10674787
enough of these low quality spam memes you fucking faggot

>>10674767
If the market keeps dropping like this then link will already be a top5 coin at 0.50$
:-(

>>10674767

$1000 EOY is not a meme. Neither is Chainlink.

>>10674767

ETH is essentially useless without Chainlink

>>10674747

FUCK OFF RETARD SHILL

>>10674777
wasted

Thing is that once mainnet is out they have to start marketing. Decentralised oracles will be another buzz word and all the chinks and big shots will take the chance to shill it and pump and dump it once the team is actually using twitter and what not. Solely from that I bet it will reach $10. That's just speculation gainz though.

>>10674796
damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

We will make it

>>10674796
This faggot gets it. REAL businesses run on regulations and contracts enforced by courts of LAW, nationally as well as internationally. Holy shit, blockchain ain't shit in a real world usecase.

Why can't you brainlets understand this? OH RIGHT - you never had a REAL job in a corporation above flipping burgers. MBAs, JDs and anyone else who has just a bit of edumacation you sorely lack, understands this and is laughing their ass off about crypto.

>ERC 20 token completely dependent on ETH
>ETH is dying

Link $0.00 EOY

>>10675948
Shit, is this fud time? I forget the days. When we supposed to shill?

>>10675916
damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

>>10674796
So when these businesses have heard of it, when they've been hearing about specific IRL use-cases that end up cutting costs by half, when it's once again plastered all over the MSM and they see that big household names have been working on development for their specific purposes and are now using it and reaping the benefits -- would they still be so hesitant to adopt?

No one thinks this will happen overnight. But there are massive, multi-billion dollar brands working on overcoming the problems and making it usable for their own businesses. And if they're successful, it may be slow or it may be fast, but no one will be able stop the move into DLT.

>>10675672
This, but unironically.

Without a dedicated oracle solution, ETH is nothing but a meme token printer.
Tons of those tokens are currently shitting the bed because they're literal memes, hence the ETH price drop.

Link is going to save ETH.

>>10675991
Not fudding this is the truth.

>>10675916
>REAL businesses run on regulations and contracts enforced by courts of LAW
You have no idea what smart contracts are, you have no idea what's coming.

Here's a link to a conference Sergey spoke at earlier this year.
https://schedule.sxsw.com/2018/events/PP80326
Read the title.

>>10676026
Thanks for confirming.

Hey all, link is big mac!! Do.not buy you wallet get fat easy!!!

>>10676077
Sorry for the typo >wallet

I mean "will"

>>10675948
Blockchain agnostic

>>10676077
Debunk it then will give you link for it a debunk

>>10675916

>exactly what was said about the Internet in 1995
>businesses won't run on some invisible network
>no businesses will trust this Internet thing

30 years later, the entire World operates on the Internet.

LINK is too hyped im afraid it won't be worth much.

>>10675948
It’s completely within the realm of possibility, and possibly even quite likely, that Chainlink will be worth much than Eth. The Chainlink system is blockchain agnostic, the fact that node operators are paid in an ERC token is largely irrelevant.

>>10674861
fucking this. just because they're new doesnt mean they are good. dont make a milhouse out of it bucko

Chainlink is all I have
I hope you didn't lie to me biz, I will unironically end myself if it doesn't work out

>>10676138
See:
>>10676133
Debunked.
Also:
>then will give
>link for it a debunk
Show a pic of your pajeet hands, there's no possible way they're white. Where's my link at? I debunked you twice.

Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>>10676552
Damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

>>10676552
Damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

>>10676590
>>10676581
oh fuck, havent seen that one in ages.

thanks anons

>>10676077
>>10676096
Typo? I do believe that your wallet will get fat easy too.

>>10676552
Damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

>>10674747
Anon's I may get in trouble for this but you need to know what ClearWay is and how it is related to Chainlink. Research and you will be rewarded.

>>10674816

Mememagic is real

>>10676833
There are no info about clearway, for all we know it might be a competitor

>>10674767
>1000$ eoy is a meme.
You would've had digits if you didn't say this blasphemy. $2500 eoy is fud

>>10674796
I hate to admit it, but he's right.

>>10677129
Damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

nice