/biz/ - Business & Finance

Smart Contracts are a type of digital agreement that automatically executes whenever certain pre-determined conditions are met, this allows to make cheaper, more secure and reliable digital agreements without needing to trust a third party
The problem is that Smart Contracts cannot communicate with off-chain data (interest rates, FIAT values, the time, et cetera)
This makes something as revolutionary as Smart Contracts limited to exchanging ERC-20 tokens mostly, and certain Dapps like cryptokitties (on-chain data; example: X amount of ETH = Y amount of ERC-20 tokens/kitties)
To make more appealing Smart Contracts you need something called an "oracle" that is basically a middle man that connects off-chain data to the smart contract, this person has a certain power since they can change the data to their favor (we're back to trusting a middle man, which is not the point)
ChainLink aims to become the leader Oracle service by creating a trust-less, decentralized oracle network, where you don't need to trust an oracle but rather the protocol of the network (think about it like Uber, you don't trust the driver, the driver dosen't trust you, but you both win by using the app, that is trust-less in nature)

This would allow financial institutions to save BILLIONS (Sources: Capgemini and WEF) and that would be just the first implementation of the network

They're working with Accord and OpenLaw so it works with the current legal framework and they've worked with SWIFT so they're compatible with legacy systems (ISO 20022)

>I recommend you read the whitepaper and the god protocol by Nick Szabo if you're interested in what I've said

>>10935534
This is blyatiful, thank you anon.
This is an awesome base for an /clg/

>>10935534

NEW MEDIUM ARTICLE:
https://medium.com/chainlink/running-a-chainlink-node-for-the-first-time-4988518c95d2
NEW ARTIFICIALLAWYER ARTICLE:
https://www.artificiallawyer.com/2018/09/03/chainlink-solving-the-smart-contract-fiat-money-problem/

WE'RE ALL GOING TO MAKE IT BOYS

>>10935534
>Tezos and ChainLINK? (Through Accord) >>/biz/thread/10910079
Would ya look at that, I made that thread

>>10935612
NO LINKERS ON SUICIDE WATCH
NO LINKERS ON SUICIDE WATCH
NO LINKERS ON SUICIDE WATCH
NO LINKERS ON SUICIDE WATCH

>>10935534
Thanks anon for these threads, much appreciated

Close your eyes, try to clear any thoughts you are having
Take long, slow, deep breathes and put all your focus and attention onto your breathing
iiiiiiiinnnn.................... ooooooooooooouuuut

good. Do this for a few minutes, then -
VISUALIZE yourself becoming rich through your LINK investment
ANTICIPATE the things you will buy with your new found abundance of wealth
IMAGINE as though it is all happening now in the present moment, for the present moment is all that truly exists
MOST IMPORTANTLY
FEEL the way you will FEEL when that moment comes and you make it!
FEELING THE EMOTION IS MORE IMPORTANT THAN JUST VISUALIZING THE IMAGES!

Now open your eyes, look in a mirror, and recite these affirmations (use/add your own that is relevant to the reality you want to create once you make it)
I AM RICH
I AM WEALTHY
I AM A MILLIONAIRE
LINK HAS GIVEN ME INFINITE ABUNDANCE
It's important to do this when you wake up and before you go to bed, but do it as often as possible. Also hold the image and idea of us making it and LINK being worth $1,000 or more in your mind as you fall to sleep.

WHEN WE DO THIS COLLECTIVELY MY LINK BROTHERS, THE UNIVERSE WILL SEE TO IT THAT CERTAIN EVENTS, PEOPLE AND CIRCUMSTANCES WILL ALIGN AND BE ATTRACTED TO US - THAT WILL ALLOW OUR DESIRE TO MANIFEST INTO REALITY!
I love you all

>>10935575
>>10935792
You're welcome frens. I just wanted to have an easy way to check previous (relevant) discussions, and I figured might as well share it

>>10935534
Cool

Why do you only list /r/LinkTrader and not /r/Chainlink?

>>10935534
Anyone have good recco's for a cheap dedicated computer that can run a node without issues?

>>10935543
I’m not sure Nick Szabo believes the oracle problem can be solved. I think he said something like sock puppet Sybil attacks? God protocol piece is legendary and a good read.

>>10935534
Stop it faggot this is unwanted exposure luring in weak handed faggots

Can someone tell me more about Origami Network? Such a low MC ...

>>10935879
Would you rather have 20 shitty low effort fud threads ruining the board?

>>10935996
This article can just be parroting what they read online like we are though.

>>10936490
yeah but it's being sent off to a mailing list of a bunch of high profile people

>>10936490
Or maybe no one is parroting, and the Swift logo being on the chainlink site was a 100% guarantee this whole time, and the only doubts you may have came from third world fudders who have been struggling to accumulate 1k.

>>10936546
If the swift partnership was officially announced, would link moon like it did when the EEA was announced? ETH went from 5 to 250 pretty quick when EEA was announced.

>>10935847
AWS. Uptime affects reputation.

What’s the Delphi oracle ? Anyone explain that.

>>10936681
Fuck off retard

>>10936681

>>10936628
Wouldn't something like linkpool have an advantage in terms of securing more popular nodes and therefore could make you earn more than running your own node even with 25 % cut? Considering using linkpool also means you won't lose a single link even if your node gets a penalty.

>>10936681
SUBMIT
BUY LINK
DON'T QUESTION

>>10936620
As I've previously said, it's likely neither of the two parties will make an announcement of it.
That would be acting completely opposite to the image they're trying to project, which basically antimoonboy behaviour

>>10935534
hey anon
I just read this form another thread:
https://www.artificiallawyer.com/2018/09/03/chainlink-solving-the-smart-contract-fiat-money-problem/

nothing too crazy but they do state there's a partnership between ChainLink and SWIFT

as usual, godspeed anon

>>10936740

How many LINKs to buy this painting?

Post new link threads to piss off the faggot spamming about using a general thread. If you're reading this, fuck you.

>>10936765
I unironically hold 100k Link and I plan to use Linkpool because I'm a brainlet and would fuck up my own node for sure.

>>10937758
this

>>10935534
>too poor to buy LINK because live paycheck to paycheck
>no one is willing to give you LINK in return for your shitty OC
I do it for free h-ha ha

>>10937758
I will consider running my own node after I read pink wojak stories of how people fuck up so I know what not to do I will definitely use LinkPool for the first six months or so though.

>>10936765
I think there will be a benefit to linkpool. I dont think it will be easy to lose your link if operating in good faith.
If spectrum fucked up, and you lost $10mil nobody would run a node without redundant fiber hardlines, and there goes decentralization.
You may have take a deserved ding to reputation if you can't maintain consistent uptime.

My plan is to run a node on AWS with half my stack, and linkpool the other half, that way my node can build reputation off the jump, and I'll have a steady linkpool side chick. See which one I like better after a couple months, and then main it.

>>10937909
That seems pretty reasonable and I plan on doing something similar but until we know the point of diminishing returns for how much Link to stake on one node before diminishing returns set in (LinkPool have stated this is around 20k Link but I have no idea how reliable this figure is) its hard to allocate a percentage on how to divide your stacks between a personal node and LinkPool.

>>10935980
i would pick it up if it wasnt on such a shitty exchange

>>10937825
Get a side job or work more hours instead of wasting time on biz you faggot

anyone here all in?

Who the fuck is Jason Parser?

>>10936628
lol when AWS has one of its bi-monthly meltdowns I'm gonna be the only guy up rubbing shoulders with the Chase and Docusign nodes.