/biz/ - Business & Finance

Pee pee poo poo

>>11704499
Checked

>>11704499
How does it feeling knowing a 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

>>11704499
How does it feel knowing that a private version of link is being built behind the scenes and link will fail

>>11704499
Link is retarded. BTC or go home.

>>11704527
Lmao the segues are top notch.

>>11704499
Kaleido has literally nothing to do with the ethereum main net. It's made for creating permissioned chains, and guess what, you can't run a chainlink node if you don't have permission to run the private ethereum node, so this will not be using the chainlink tokens you and I hold.

this is good that there's so much interest, but I suspect there will be quite a big drop in price once anons understand that kaleido users will not be interacting with the chainlink network on the ethereum main net. Literally just go read the kaleido site, this isn't a secret.

The private versions of chainlink are decentralized in the exact same way any permissioned chain is. There are some nodes that only people with permission can run. It's not fully decentralized and certainly not censorship resistent, but it's good enough for these companies that want to use koleido.

This means:
each company in the private chain will set up its own chainlink node. Together, they for a Private chainlink network. That private network is fueled with fake link.
Each

>>11704527
So you're telling me this project has confirmed ties to the banking cartel, the cream of the crop of global legal firms and institutions as well as some of the biggest tech companies in the blockchain space focused on the soon to be mass adopted enterprise level smart contracts such as consensys, IBM, Intel and Digital Asset and that the solution to the oracle problem which it is aiming to solve is essentially the God protocol as described by the creator of the smart contract concept, ie one of the main pillars of the fourth industrial revolution and the backbone of the future blockchain infrastructure (10% of global GDP in less than 10 years) that will allow massive automation of post trade processing, thus saving all the biggest markets such as derivatives and insurance possibly trillions in saving, AND its the only project of its kind due to its decentralized nature and has the first mover advantage, but despite all these confirmed facts it's being largely ignored by the crypto community, although it has gone up from 120 to 60 ranking in a bear market with no marketing just in a couple of months, simply because a dozens of dedicated autistic neets down vote every possible clue about it on reddit because they're the only ones who realized this revolutionary project would basically replace all the lawyers with neet nodes where 1 link needs to be worth at least 5k usd in order to be sufficient collateral for the quadrillion derivatives market? Do you realize how delusional and insane that sounds? Personally I'm all in.

>>11704526
When the currency crisis hits you will wish you had it.

For most of human history a days wage equaled a silver piece the size of silver dime...even in America.

14 silver dimes equals 1 ounce of silver. So 1 ounce of silver bought for 15$ right now is historically 2 weeks worth of days wages. But it's actually going to be more like 1 silver dime equals 3-5 days work after the dollar fails. Because there are billions more people on the planet and much less silver available.

In Venezuela where their currency collapses 1 silver ounce buys you 3-4 months of food on the black market. Which makes sense since if you worked for 2 weeks in America and bought all food with that 2 weeks paycheck you could get about 3-4 months worth of it. And this shows how bad Jews are stealing our wealth through inflation since the dollar cost of 1 ounce of silver is 15$ and 15$ barely buys you lunch at jimmy johns today.

Today the avg American makes like $150 a day.... which is EQUAL to 10 ounces of silver. Which just flies in the face of all economic reality and when the dollar collapses it will swing violently the other direction.

So as little as 7-8k worth of silver today or about 500 ounces would be like 40-50 years of days wages historically. 500 ounces multipled by 14 (dimes equal to that ounce) = 7,000 days worked historically but it's more like 21,000 days worked or 40-50 years worth of days wages since we have billions more people on the planet and much less silver available.

>>11704499
WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!

THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>>11704499
Checked. It feels great, i can already imagine my new and exciting life when im rich

>>11704888
checked. stay delusional, stay stinky

>>11704888
Yeah man, I love chainlink. All the drama, the memes, the community surrounding it, it's really something. But what I love most about it is knowing that in couple years I will be a billionaire. It's not even a 99% chance, it is quite literally guaranteed. As a result of that knowledge, I stopped showering and brushing my teeth over a month ago. There is simply no reason for me to do it when I know I'll be rich. I will be fucking whores every night and laughing as they're throwing up from my disgusting, stinky body and mouth. As they kiss me on my rotten teeth, or suck my stinky, 2 year unwashed hog. It will be quite something. In fact I am already seeing effects of my stinky adventure. Yesterday I went to a shop to buy some cheese and make a stop at McD's for a big mac and the cashier at the store was visibly gagging at the smell of me and trying to hide it. Other customers were standing like 5 meters behind me. It was truly hilarious. And none of them have any idea of my guaranteed, future riches. They must already be so jealous of me. The stinkiest billionaire ever.

>>11704888
Yeah man. I love chainlink. All the drama, the memes, the community surrounding it, it's really something. But what I love most about it is knowing that in couple years I will be a billionaire. It's not even a 99% chance, it is quite literally guaranteed. As a result of that knowledge, I stopped showering and brushing my teeth over a month ago. There is simply no reason for me to do it when I know I'll be rich. I will be fucking whores every night and laughing as they're throwing up from my disgusting, stinky body and mouth. As they kiss me on my rotten teeth, or suck my dirty, 2 year unwashed hog. It will be quite something. In fact I am already seeing effects of my stinky adventure. Yesterday I went to a shop to buy some cheese and make a stop at McD's for a big mac and the cashier at the store was visibly gagging at the smell of me and trying to hide it. Other customers were standing like 5 meters behind me. It was truly hilarious. And none of them have any idea of my guaranteed, future riches. They must already be so jealous of me. The stinkiest billionaire ever.

>>11704888
can't fidget these digits

>>11704594

Sergueys*

>>11704716
You realize that precious metals haven't been used in about 100 years as means of value exchange.

We are jewed beyond belief and for good reason, it fucking sucks to slug around metal and it only has value because people assign it value, plus it's easier to mine than ever.

Why not use fake internet money or jewish fiat to represent the same value? There is nothing intrinsic about silver that makes it valuable, not even scarcity.

>>11705628
Shiny rocks

>>11705702
1K EOY
777

>>11704499
nice

>>11704604
What the fuck is this stupid fud about private chains using fake link? What's the incentive to provide correct data if the collateral is worthless?

>>11705850
It is stupid fud

>>11705850
It is brainlet fud, fud should be better, link doesn't deserve this shitty nigger tier fud.

>>11704702
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.

>>11706366

That's my main concern

>>11706565
It's pasta but yeah. One counter is that by having private internal networks they centralize the process and make themselves vulnerable to attack.

>>11704499
checked
feels fucking great

>>11704888
another great get

>>11704579
How does it feel knowing you're a faggot?

>>11705850
Their new attempt at fud pasta.

>>11705935
>>11705883
>>11705850
the post is correct. kaleido is made for deploying private chains on which a private version of chainlink is run. why is this so unbelievable? It's literally also what the EEA is doing. There's a lot of interest in permissioned versions of ethereum that will also use permissioned versoins of chainlink. I believe the main net version of chainlink will be huge, but if you think kaleido is for anything other than private chains, you are 100% retarded.

>>11707583
Will these private chains utilize chainlink tokens?

>>11707583
also, I'm curious, what do people who disagree think kaleido actually is? I think this may be part of the misunderstanding.

>>11707684
possibly, but there's no need for an incentive structure because there is no "cost" for using the network, i.e., like hyperledger, these permissioned networks are not PoW and they use an alternative consensus mechanism. It's like Kovan, for example. Also think about hyperledger which doesn't have an in-chain currency comparable to ether on the ethereum main net. So for some reason they may use chainlink tokens whose contract is on that private chain, but I don't really see the point, and in any case it's irrelevant for us because since we can't run ethereum nodes on those chains, we can't run chainlink nodes that can write to them either.

>>11707725
So overall this is bad for link holders?

>>11704527
This highlights a point that the whole crypto community is missing about smart contracts:

The promise of smart contracts isn't to have deterministic code that transfers ETH, it is to take the promise of blockchain (immutability, unkillability, trustless execution) and apply it to the real world.

In order to do that smart contracts have to work with existing business practices and must be able to show value without a huge hurdle to adoption.

The contract must:

• Execute in the local currency using existing bank accounts

• Have language that is understandable to a legal department, not just coders

• Use existing methods of endorsement to legally trigger the contract

Guess who had the foresight to know ALL of that before ever launching their project?

Chainlink

• Swift partnership which grants exclusive access to banking APIs which can freeze funds, check balances and transfer funds using existing bank accounts in local fiat currencies

• Zeppelin_OS, Reportix and all the other human-language smartcontract front ends partnerships to make Chainlink nodes the default nodes for data and API access for the actual people writing high value contracts in the corporate world.

• Docusign partnership which takes ESTABLISHED digital signature platform which already has legal precedent and is understood to be valid in the business world to use cryptographically secure triggers, linked to each entity, to start contracts.

The only people who could have seen all of these things years in advance would have insider/VC experience and have experience in the smart contract world back when blockchain was a novel concept.

If Chainlink doesn't succeed, smart contracts won't succeed in the foreseeable future. Docusign knows that, Swift knows that, Intel knows that and they all want a piece of the cash cow.

Sergey is a genius.

>>11704499
Chainlink is love. Chainlink is life.

>>11708086

>>11707217
>>11706565
That concern will gradually erase as crypto becomes mainstream and people trust it. People didnt trust emails either at first but now it's fine. Companies will slowly add it over time. Dont worry about that. Plus we dont need companies already established. We can use chainlink ourselves to be an Oracle for p2p transactions. Institutions isnt always the answer.

>>11704888
digits have been off the charts lately

>>11708086
>Chainlink is gay. Chainlink is homosexual.
fixed

>>11708032
Godmaster Sergey will make us rich!

>>11704527
“Our constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” - John Adams (2nd president of the United States)

>>11707583
you're correct but who cares. The success of this project isnt riding on the tail of Kaleido.