/biz/ - Business & Finance

thanks just bought 100k

>>11710100
>tfw og presibos 6fig link holder with 5k set aside for node hardware when mainnet hits
Going to make it frens

wtf does "make it" mean you retard. how much $$$

fake news. 10k to make it, as always. also, running a node is easy, you don't have to pick any data whatsoever. it's all handled by the smart contract that calls the data. authenticated APIs are going to be integrated into chainlink by the dev team, they will make possible for smart contracts to pay per use of API calls. its fucking easy. with chainlink, you win.

Thanks just sold 100k

>tfw 120k link

one last thing. stop brigading threads on reddit. you're only making it look obviously good. there's a number of us in discord laughing our asses off at how pathetic this board is. you know we're lurking.

>>11710142
I've always wanted to learn more about running a node but fud like this always gets to me. Are you for real anon? I'm not gonna sell any of just link stack till $10 at least but is this really as easy as you say?

>>11710100
checked. can confirm OP is 100% correct since I wrote this pasta in the other thread.

>>11710135
these idiots on here are like that ocasio-cortez broad; they think that making it means $20 million dollars sitting in the bank.

i'd be quite happy with $750k after taxes

>t. 10k LINK holder

>tfw 1000 link poorfag

>>11710175
it's insanely easy. furthermore, once mainnet is out, they're going to make an even more comprehensive, fool-proof guide to running nodes. don't worry, you'll be fine. my advice to you, though, sync an ethereum node now so you're ready to go once mainnet goes live.

>>11710162
>there's a number of us in discord
This thread was made by a braindead discord fag. What a surprise!

>>11710100
thanks just bought 100k and API data everyone wants.

>>11710162
Discord is literally lower tier than plebbit. It's namefags AND avatar pictures. The hierarchy goes anon > plebbitor > discord faggot

>>11710191
Do you have any links for a guide on how to do this? I can obviously do my own research but I'm wagecucking right now for based Jeff Bezos and would just like something to refer to later.

>>11710100
>>11709977

>>11710210
Sure. Here's best link of how to run it on testnet:
https://medium.com/chainlink/running-a-chainlink-node-for-the-first-time-4988518c95d2
This is where Thomas gives the easiest to follow guide to running a node on testnet. Follow this.

Here's the general documentation on running a node. More or less it's just a less handholdy version of the medium article.
https://docs.chain.link/docs/running-a-chainlink-node

You're going to need something called Docker. It's a program that allows you to run the chainlink node without necessarily installing the binaries on your computer. It ensures that the Chainlink team can push the most updated version of the node to you every time you run it. Check instructions on docker here:
https://docs.docker.com/install/

Lastly, here's the instructions on getting an Eth node running:
https://docs.chain.link/docs/run-an-ethereum-client#section-parity

Use Parity. It's faster than Geth, and it has a smaller block chain size so it's faster to sync.
https://docs.chain.link/docs/running-a-chainlink-node

So to recap, do these four things:
>install docker CE
>install Parity
>run parity through Docker
>run chainlink node through docker

>>11710100
>100k
Wrong linklet, if you actually crunched the numbers you'd know that you need AT LEAST 200k to make it and that's the bare minimum.

>>11710180
you will be nowhere near that newfag. you're looking at maybe $75k a few years from now if all goes to plan.

>>11710244
I accidentally double posted one of the links there, just ignore the last link, the one after it says "Use parity..."

>>11710210
maybe this?
https://medium.com/mercuryprotocol/how-to-run-an-ethereum-node-on-aws-a8774ed3acf6

>>11710251
>if all goes to plan and LINK sets in motion the 4th industrial revolution and saves companies trillions of $ across the globe it will be worth 2.5b dollars
sounds logical

literally need 2mil to make it
literally

>>11710206
Discord fags are like redditors who have some kind of superiority complex because they have a secret club that no one knows about even though that secret club is a bunch of low IQ retards.

>>11710369

thanks, just quit the discord server

>>11710255
Thanks anon I appreciate it I'll start diving into this tonight.

>>11710123
unironically will
godspeed

>>11710251

In all honestly I don't see the price of LINK being higher than $5 due to the circ supply. ouch.

>>11710100
the fuck you soking I wan some of it....you don't have to actually provide a API you dumb nigger...the node will recieve tasks from smart contract, without you having to do anything fkin nigger

>>11710251

>>11710466

>>11710472
You need the API before the smart contract requests it. Otherwise you can't show the smart contract that you have access to the data it needs.

>>11710565
That's not even close to true.
APIs work by having API endpoints. It's just a URL that the smart contract will feed into the node. The node doesn't care what the API endpoint or URL is at all. It just processes what the smartcontract tells it.

So when do you pajeets think it's going to moon? I want action

chain link is like FOMO: the project, it hits all my psychological insecurities, personally im all in

>>11710616
what's the most irksome fud you would like to dispel?

>>11710693
What fud is irksome about Chainlink?

>>11710189
Just be happy you're in early enough that next year you can lord it over people making threads asking if 10 link is enough to make it.

Agreed
Pissed I've wagecucked all this year to only get 65k
Absolute bullshit

>>11710251

>>11710100
It's not your fault

>>11710720
fud related to chainlinkfund.com and listing services, mostly.

>>11710451
>>11710483
>>11710541
>>11710771
poorfag cope. you losers act like chainlink == the entire smart contracts ecosystem when in reality it is only one Small piece. but by all means keep parroting $1k eoy or whatever you have to do to convince yourself your tiny late adopter stack is going to save you from poverty.

>>11710853
Care to elaborate?

>>11710908
no, i've lost interest.

>>11710866
It's not a small piece by any means. The inclusion of the Ethereum Virtual Machine into a decentralized ledger enabled smart contracts to execute on chain. That was the biggest step forward since Bitcoin to automating real world events, but it's only half of what's needed. Interaction with real world events and data is needed. Chainlink is the only way so far to integrate blockchain smart contracts and real life events/data in a trustless manner. This is the first time in the entirety of history, that a contract could be drafted between two or more parties and not need to be executed by an external enforcer. No need for government, courts, trusted third parties. It's absolutely revolutionary. Chainlink is a big piece. A huge piece. Think big picture here: it's unironically one of the only blockchain projects that actually has a real, sensible purpose. It's not a solution looking for a problem. It's creating an entirely new class of human interaction.

>>11710853
what fud is there about listing services? That they could require registration thus limiting the amounts of nodes any one entity they'll accept, potentially a big systemic risk to any pool staking projects, like linkpool? Other than that I can't really think of any listing services fud I've seen here; it seems like the level of discussion on chainlink isn't up to fudding this yet because they have no idea what you're talking about.

Agreed
Unironically swing trading 38k link rn

>>11710941
Basically that one. Just some fat neckbeard nolinkpooolers yelling at the sky about how linkpool is shit and making up shit tier fud, crying how their nodes in mummys basement will do just as good a job. Kek

>>11710938
i feel like you said this just so you can screen cap it for tweeter.

>>11710977
I don't really see why it's not plausible though. What reputation provider wants to put themselves at risk by accepting multiple nodes from one source, thus risking collusion via centralization? Unless you're counting on linkpool to stake or a large linkpool token holder though, it's really not a big deal.

>>11710977
Any protections / redundancies (except insuring penalties) offered by linkpool are going to be offered directly through AWS anyway. Linkpool isn't shit, but you guys overestimate how difficult it will be to run a node, and you underestimate how reliable a basement node will be.

Chainlink isn't creating a project that's so complex to run that it prevents decentralization. It's meant to be plug and play, straight forward, with incentives for everyone to play nicely. It's about spreading the data requests across so many nodes that it becomes too difficult/costly for a bad actor to compromise the system. That can't be done without making nodes easy to run.

>>11710180
>not going to make it

>>11710996
I thought you lost interest?

>>11710977
this. faggots who think they'll run a node without a background in compsci are going to be very upset when mainnet drops and they have no diea what to do.

>>11711001
Linkpool will be, for a very long time, amongst the most professional node operators that any reputation provider will work with. There will be less worry about trusting linkpools many nodes, who will likely expose the APIs for their actual infrastructure level uptime to the rep providers, as well as the built in reputation contract metrics that are part of the CL network, than individuals.

Imagine if people told you that running an Ethereum node was too difficult, to just trust the Ethpool service instead. You'd laugh in their face. You only have to download the client and run some command lines, and it works. It will be the same exact thing with Chainlink, except you'll have to register an account and connect your wallet/ fund it with Eth. The process is trivial.

>>11711015
No one said it was difficult, but there are so many brainlets on here who think all they do is run a docker container. No thought for the downtime for upgrade, patch, availability of their eth node, reliability of home grade internet etc

linkpool is a scam
they were shilling hardcore on biz for two weeks leading up to their dex release. several times the exposed themselves as linkpool team members.
don't buy their bags that no exchange wants to list

>>11711086
There's absolutely no justification for believing in this drivel. The instructions are crystal clear. You don't even have to think. The most retarded of NPCs will be able to do it.

>>11711108
The reason they run it in a docker container is to handle upgrading and patching for brainlets. Running it through AWS simplifies it even more.

neet nodes are a pipe dream, we're gonna be lucky if the tokens are even used by the big companies
>inb4 hurr durrr how else would it be decentralized
Even sergey said no one knows how much decentralization is worth, and all the private eth forks show that big companie give little to no fuck about proper decentralization that could result in pumping our bags.
Forcing a company to use the tokens is always the hardest step. I hope we moon on hype alone se we can al cash the fuck out and retire before the reality sets in and correction comes

>>11710972
You’re fucking crazy. I did this shit once and lost my ass. I have to hope eth hits 250 before mainnet

>>11711099
What are the penalties for your eth node being offline? Nothing apart from not earning any reward. I get it, there needs to be a variety of nodes and operators, but my point is the linkpool fud is bullshit and comes from a lot of morons who dont understand what node operation involves

Chanlink will reach $40 a token, minimum.

I based this off a calculation that was basically stating that Chainlinks importance should make it be around a top 5 market coin. Thats because so many coins will need decentralized oracles to run and it will be the spinal cord of the whole ethereum system. Everything that is an ECR20 token will NEED Link to run. And i have high confidence in the Money skelleton taking out insignificant goys like Lumens and shit

>>11711153
Fair enough. The cost of decentralization has yet to be determined, but guarantee that the services who use minimal nodes will be subjected to attacks. They'll get burned for not paying for decentralization, and then over time some balance of decentralization will become the standard.

>>11711153
>no one knows how much decentralization is worth
uh, excuse me

THE WHOLE FUCKING POINT OF BITCOIN AND CRYPTO IS THAT IT IS DECENTRALIZED.
and i have to give ghost from tcr credit for reminding me of that

>>11711146
Again, its not difficult with some knowledge, but pay attention to the those saying "its simple i watched thomas's youtube video" who think that's it. Gonna be a whole lotta spuds going in thinking its easy and losing their linkies.

Come back in 12 months and look for the threads blaming Sergey for them losing their link

>>11711171
Just look through here if you don't trust the uptime of aws.

https://status.aws.amazon.com/

It's not linkpool fud. It's just a reality check for overhyped linkpoolers. It's a great service, no doubt, but it doesn't do it so well that any arbitrary person can't run a node that can compete with them.

>>11711231
That's not even fud specific to Chainlink node operating. You might as well be talking about how boomers and normies won't get into bitcoin because they'll lose their keys, or send their tokens to a defunct address, or forget their Metamask password, etc. If someone is at that level, then really they are hopeless, but at that point it doesn't matter how easy it is to run a node, because those people will never make the cut anyway.

>>11710100
415 accounts hold more than 100k...10k is enough to make it stop spreading FUD.

>>11711239
I run many aws instances for multiple enterprises, im fine with aws uptime. What happens when they have the node hosted in aus pac syd and the fuji datacentre in pemulwuy has a power failure again. How well will everyone have their az failover designed.

People will lose money if they arent prepared to offer enterprise level availability, and believe it or not, aws doesnt just do it on its own, it has the tooling for 9 9's, but you need to design and implement it properly .

Anyways, you missed the whole conversation, it started at the reputation provider fud, which is exactly that, made up shit

>>11711321
how many accounts hold 400 k...?

I heard the top 20 are million+
The financial gods of 2030s.....

>>11711163
or the more likely situation which is LINK dumps hard at mainnet like every other coin in history
>in b4 this time its different

>>11711335
That is top 100 wallet holders
https://ethplorer.io/address/0x514910771af9ca656af840dff83e8264ecf986ca#pageSize=100&tab=tab-holders&holders=1

>>11711324
Why would it be unreasonable for a reputation provider to specify too many nodes as coming from Linkpool? If a smartcontract wants to guarantee that the nodes are actually decentralized entities then they should have that opportunity.

>>11711403
i will honestly kill myself if i lose this...

>>11711415
>made up shit

You know how i know its made up? Because reputation isn't finished and literally no reputation providers have made themselves public, let alone give specifics on how they will handle a pool

>>11711403
I was just gonna say to myself looking at the number 1 wallet they have 350,000,010.00 LINK...the extra 10 link would be for a transfer fee correct? So that would mean this amount would move once to someone...now say 10k for a node that would mean 35,000 nodes for an operator that would get that amount all at once...who would need that much information?

>>11711443
Lmao that is true. We'll have to see what happens.

>>11711453
the 350mil are for node providers, some marine probably sent the 10 there to meme them

>>11711453
was going to actually respond but this has to be bait

>>11711467
yea this account sent the 10
https://ethplorer.io/address/0x612dadebf574505ff11905020c9f4939c98411a0#pageSize=100
LMAO they have penis as a coin...absolute troll

>>11711403
wallet 3437 is the most chad motherfucker out there

I did some math and even if link goes to $100 that would mean it would be greater than ethereums market cap right now. $10 is 3.5B assuming circ supply stays the same after mainnet. The thing is I don’t see how this will have a 2.5:1 rAtio with bitcoin anytime soon

>>11711403
I’m top 375 wallet

>>11711501
Hahahahaha glad there are still some true bizraelis out there

>>11711599
$10 is best case scenario realistically. Nobody actually believes it will get to $100 thats just anons shitposting

>>11711681

>>11711349
Oh don’t worry I have cash waiting

>>11711094
I have a question...if alot of anons utilize linkpool, wouldn't chainlink become centralized?

>>11711793
do you also use that screencaps in 0xbtc shill threads?

>>11711844
Yup

>>11711844
They have committed to never have any more than 10% of the network nodes at any point in time

>>11711894
Show me the proof Jhonny.

>>11710268

>>11710427
me too thanks alot!! im gonna put my link stack to work!!

>>11710251
>thinks $750k is making it

>>11711901
Jonny shows no proof. Jonny ain't here for your entertainment. Buy a share and I'll answer any question you have

>>11710389
thanks anon all my networth in discord shares.

>>11711681
You’re pretty new here, huh?

>>11710142
>you don't have to pick any data whatsoever
you retard. your node needs to be running the relevant adapters to get the api data they want.

>>11710255
>just ignore the last link, the one after it says "Use parity..."
thanks. just synched 100k blocks.

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!

>>11713926
You MANIAC

>>11713565
And the more valuable the data (think subscription APIs) the higher value contracts you may get

do not underestimate that we are all in this together

>>11710100
>Daily reminder that you need 100k to make it. Daily reminder that none of you fags will be able to run a node because you don't have access to any API data that anyone wants. Daily reminder that even if you did it is not a passive staking process like a fucking chink masternode ponzi.

Reminder that some of us know a little shit and work at fang companies and could probably make our own linkpool if link actually moons

Right now I'm just trying to figure out how to make my own cryptonote fork

>>11711321
>10k is enough to make it

Yup.

Having 10k link is like having 200 btc, as link supply is roughly 50x btc.

200 btc today is worth $1.2M. that's definitely making it.

And while hardly any companies want to hold and send/receive bitcoins, so it's value comes from HODLers, link should be used by a wide range of companies right out of the gate. This shit could exceed btc's marketcap.

Link at the current marketcap of btc would mean roughly $120/link.

Link at btc's highest marketcap to date would be roughly $400/link...

If link is actually as big of a deal as we think, and it hits $400, then we may actually see linklets with 2.5k link make it in a few years.

Or we're wrong and it goes to zero. Either way, for the current price, it seems like a very good risk to take, provided one can afford to lose the money.

>>11714502
>Link at the current marketcap of btc would mean roughly $120/link.
>Link at btc's highest marketcap to date would be roughly $400/link...
Link at ethereum's prak market cap would be roughly $140/link. More than enough for a 10k stack to make it.

And consider that a major factor in eth's run-up seems to have been all the ICOs. Link stands to be in a similar position, being used by at least tons of shitcoin projects, in addition to enabling real-world use case. Even better than eth is this: while shitcoin ICO issuers eventually sell their eth, never really having any reason to hold it, link node operators will want to hold their link so they can stake it. We're going to wee some slightly different usage due to this, and I can't even begin to predict how it will turn out. I can only say that working oracles seem poised to provide immense value to society, so it seems reasonable to buy tokens in hopes that value is reflected in the token price.

>>11710251
subtle shill

>>11713565
The core adapters handle any open API there is.

>>11714502
>Link at the current marketcap of btc would mean roughly $120/link.

>>11715362
eth at the current market cap of btc would be what, $1200/eth?

but it went higher than that

crypto isnt widely used

when it is widely used, some market caps will be higher than they were in the past

if link is actually what we think it is, it will be up there with eth at least... and eth has already surpassed btc's current mcap

>>11715381
111bln/350mln = $320/link