/biz/ - Business & Finance

Shilling LINK to no-linkers is like shilling Adele to heterosexuals. Only homosexuals will see eye-to-eye with you

Dont REQ and LINK work hand in hand? I bought REQ, was contemplating LINK. Doesnt link just bring outside info onto the blockchain?

>>12138989
>Hey fren, have you heard of my Lord and Saviour St. Sergey of Nazarov?

>>12138989

I shilled it on a dude I know that made fuckloads from being an early BTC investor.

His response was "total tokens versus circulating supply is suspicious" and didn't take a further look than that.

>>12139009
REQ is just a front end for LINK made by college students

>>12139009
Req is the better buy. You are correct.

Both you and your friends are total brainlets. Link is actually very easy to understand if it's explained correctly. You probably did a piss poor job of explaining it in simple terms and they're just morons alltogether

>>12139009
Yes they just over explain it and others don't see why that's valuable. Most people don't follow the advancement and interest of the big dogs and blockchain.

>>12138989
Yup, a lot of people are just too stupid to get it, and i hate the way that looks when i type it, im not an egotistical investor, but I know clear signs when i see them and the amount of bread crumbs and publicly available information about chainlink is just mind boggingly over looked. One of the biggest revolutionary financial instruments just hiding in plain sight, truly a diamond ring in the trash.

>>12138989
I have this one tech friend, though he's more into AI than blockchain. I went as far as showing him this article:

https://blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

But I don't think he's going for it.

You failed and will continue to fail because it's a solution searching for a problem that no one likely has.

>>12139026
links success is necessary for req to succeed
req is totally unnecessary for link
way to invest in the project with more failure avenues

Normies can only understand consumer products, which chainlink is not

People can generally only understand one jump past present real-world tech
The concept of smart contracts is just now starting to gain traction
Once you can say "Link lets smart contracts do real world things" and not have to explain what a smart contract is, link will moon

>>12139027
Nope anon. I am very good at simplifying things. I said to the last one:

(he already understands smar contracts well)

>So as you know smart contracts help to make unforgivable records ad automate the process through decentralization.
>Well What If I told you that they are not decentralized? What or who will put the data into the smart contract? What if that person was corrupt, put in wrong data for their own gain or sabotage? Or for any reason. all the work for decentralization is broken at the first stop.
It's like having a steel chain, but the first link connected to the anchor is made of paper.
>The solution is decentralized oracles. so imagine you wanted some data for a smar contract. you ping it to the network, and 1000 different people all with a reputation tell you what you need to know.
>Now if one person tried to make a false data input, the other 999 would invalidate it, and that 1 guy would lose reputation.
>It would take many coordinated people to attack it, which is very difficult.
Every person who gives a correct answer is paid by the network.

The guy just told me that while blockchain isnt decentralized he thinks its still useful, and doesn't want to know anything else

>>12138989
Link basically shills itself, talked about it to a couple of close friends and they bought in big. You probably don't know how to sell stuff.

>>12139009
Req won't work without Chainlink. Buying Req is double dipping on Chainlink's success.

>>12138989
Well, here’s the thing. LINK just runs on top of Ethereum. Without a smart contracts platform like Ethereum, LINK is useless.
But Ethereum is useless, because it can’t scale for shit, and you have to spend a month downloading the entire blockchain before you can do any development on it.

>>12139233
oooooohh nooooo!

>>12139198

They trust you.
Nothing more.
How many brainlets bought btc at ath level on recommendation from a friend without understanding shit?

I work in sales and love simplifying complex things.

it's really not a hard concept to understand when it's really just a data importer. The actual problem is that stuffs like this tend to be boring to talk about. The chips on your debit card is pretty magical but who the fuck cares?

Shilled it to frens in EE and finance to no avail and understandably so. We're lucky to be able to meet online and form an echo chamber, born any earlier and most neets here would've sepuku'd long ago

your friends are smart enough to not give a single damn about another scam. good for them

I know how to communicate the concept in a way that will make normies listen when explained. Nostalgia will turn their heads better than anything. When windows 98 shipped, it came with a preloaded music video for Wheezer's Buddy Holly; shit was huge. Mainnet announcement should open with a performance of this same song. Cue the articles up that explain why "it was so perfect", then lead into an explanation of the tech. Bonus points for whole announcement done on the happy days set.

Easiest way to shill chainlink to your friends is saying it's like buying bitcoin at 0.1$. Ofc remember to take 10% of their profits.

>>12139248
i shilled chain stink to few friends. i said "look bubbulah, this is the network that's going to connect blockchains to legacy systems. the network needs to exist for crypto to move forward. nerds have been writing about it since the 90's. those same nerds are behind its development. it's kind of a big deal. you missed buttcoin and ethereum. this is your chance to come up. " really though they only bought because they trust me. i don't think there's an explanation that would suffice on its own. people are weird about investing.

utility tokens are retarded are only useful for speculation by retards /thread

>>12138989
>Shilling crypto in December 2018

If it's impossible to shill then why do 80% of regular /biz/ posters own it?

>>12138989
you are literally shit at explaining, I even explained it to some people who don't even know what blockchain is, and they wanted to FOMO into link.

you explain it like this t them:
1-blockchain is an autonomous system that holds history of transactions.
2-nick szabo theorized a god that humans can communicate with, that is as trustworthy as a deity (the blockchain )
3- first came bitcoin that let us have a currency, held by that god
4- ETH brought smart contracts, wich are contracts that execute payment automatically on the blockchain
5- those smart contracts can only execute on conditions hapening on the said closed system that is the specific blockchain that runs it
6- to communicate with the external world (outside of the blockchain) the smart contract needs a trustworthy party
7- comes the oracles( the messengers of the god), the oracles let the smart contract retrieve data from the outside world (outside of the blockchain that hosts them)
8- either the oracle is centralized (owned by a company, and fragile) or the oracle is provided by a decentralizd trustless network of nodes (CHAINLINK)
9- chainlink is the only real solution for smart contracts to get data in a trustless way with 100% availability, and cannot be hacked...
10-chainlink is the last step to the god protocol, there isnt anything after it, so this is the last chance to make it
DUDE? WTF? WHERE DO I BUY CHAINLINK?

>>12139021
His goal at this point is probably to preserve capital so in his mind he's being 'safe.' Retard

>>12139868
to people who already know what the blockchain is, i explain it even simpler:
1- first came the currency (held by the diety that is the blockchain) BITCOIN
2- then came the smart cotracts (ETH), but those contracts cannot access other blockchains or retrieve data from the internet
3- then came the oracle, the messenger, that retrieves the data or sends the data to the outside world in the name of the smart contract.
4- you either use a centralized oracle provider, and then you'd have to trust that company to not fuck with your data, and to be available all the time, and to never be hacked....or you just use a decentralized network of nodes, trustless, non hackable (sybil is fucked by the reputation system), temperproof, that can provide decentralized computation (chainlink)

>>12139026

>muh fish tracking is the better buy

A fucking LAMP stack outperforms this shit.
>>12139754
Because it's cheap.

Step aside linkies

>>12139009
REQ>LINK when it comes to potential

>>12138989
Oh bullshit dude. My 60 year old dad was able to understand how link works and got himself a stack 4x bigger than mine and I have a pretty big stack. Sure, it took him a while to fully grasp the concept and I had to explain some things more than once, but then he had this moment where everything clicked and it all made sense. I even introduced him to /biz/ and now he shitposts with the best of us, he'll probably even read this post and tell me about it later.

>>12140131
I hope when he sees this filth he spanks your bottom.

>>12139475
>people are weird about investing.
THIS

I've shilled this to so many of my friends and I've had probably 3 or 4 people buy into it and the motivations were surprising. I had one friend buy in because he couldn't understand why I was so enthusiastic and damn near fanatic about it, another one, a physicist, trusted me because of how all my previous recommendations he enjoyed and thought the concept was cool, one who's in prison and just said "Sure anon, whatever I trust you", and the last one he thought it was interesting (we don't know each other that well so I can't say it's trust again) though I don't know if he'll follow up on it but he was definitely interested. Other friends of mine, one is insanely risk adverse as well as busy with life so I doubt he looked at it, others, who are in CS itself, all ignored it.

I really think it boils down to trust and if the people are open to taking risks. This experience really opened my mind to how there are those who are to afraid to try and those who are willing to take on new experiences. Not everyone can handle it. And I feel those who've had failures and turbulent lives are open than those who've had smooth sailing in their lives.

>>12139049
I dumped that link, and a bunch of others, on basic info on the blockchain, how ICOs work, etc. etc. And I got lukewarm to no responses.

>>12140131
My 65 year old dad doesn't quite fully understand this nor its value and he even had such a hard time opening a Coinbase account that I said screw it and bought it for him on my own account.

>>12139113
Just think only 5% of americans actually have owned or own bitcoin. Now what percentage of that even really get how that works?

Let's say 1% of Americans really understand just Bitcoin. Now think how much smaller the number is for smart contracts and DLT permissioned tech. Now think how much smaller the number is of people who understand enough about all of these things to see the importance of LINK. And then to also understand LINK itself.

Now even in that group, think how many people who know have money they could spend, think how many are willing to spend and how much risk would they take?

You start realizing why Chainlink has this aura of mystere to those of us with varying scales of the 'tism.

Are you still surprised that your friends might not be in the tiny percentage of people who will *get it*?

>>12140131
Unironcally shilled it to my 63yr dad who has a 20k stack now and he is mind blown about LINK capabilities. Your friends don't deserve to make it

>>12140367
look at this retard bankrupting his own family

My 70 year old 2 dads both have a link stack of 100k plus after I told them about it. My moms 40 year old boyfriend even has 10k and that’s without working.

>>12138989
> btc is like a new financial system which stimulates the bare basics of global 24/7 banking which cannot be hacked and uses packets of resolved equations as currency
> ethereum and other plaform cryptos take this idea further and adds functionality and programmable contracts and applications which cannot be tampered with and never go down, theoretically this could replace most of the grunt / admin work in finance and business
> these systems could allow for a financial revolution, but it would mean all the corps, banks, govts would have to start from scratch since crypto can't talk to the systems which are already in place
> chainlink allows data to pass to and from these systems in a tamper proof way which is always up 24/7, which paves the way for the above to absorb the heavy lifting for entire industries based around finance and contracts

>>12138989
it's unshillable because some fat fuck faggot russian gypsy like Sergey could never actually pull it off.

>>12139027

Its easy to explain up to the point where they ask so what is the token for?

>>12140557
Nah that’s pretty easy to explain as well.

>>12140557

I find a lot of people dont really see the possibilities of smart contracts. Thats why any shill of link is just “hurr next bitcoin”. Well thats all normies hear

>>12139006
Well spoken anon

>>12140349
This is exactly why owning LINK is such a high risk. Even people within this space don't recognize how important it is. Maybe they never will. You need more than 3,000 NEETs pushing the envelope in this stuff....not to normies, but to businesses that will actually use smart contracts. Maybe we really are too early. I get the feeling like LINK is in the 2015 phase of Ethereum. I bet LINK even has it's own "The DAO"-like moment at some point where someone writes a shitty smart contract and Chainlink the platform gets the blame.

>>12141203
I feel like we had this conversation just yesterday as we released our bowels into the Ganges, brother.

>>12140507
Just sold.

>>12139233
This guy speaks the truth.

>>12138989

>just trusts me rather than really getting it.

fuck I am tired of these people

Any 17' utility token is virtually worthless. Link will top at 10USD. Probably need about 100k to make it

>>12138989
rest assured Sergey has already shilled Smart Oracle aka CL to financial institutions, big data providers, and insurance companies.. further cementing their market share for the next generation to come

>>12141305
Fine by me you dumb fucking faggot

>>12141305
>It'll only x50 you retards

>>12139223
Just like buying chainlink is double dipping on eth's success

>>12142214
Some say it's a few chimmy chongas short of a combination plate, but I digress.

>>12141305
>10 USD

why would it stop there? It would already be 50x time increase, why not 100x, 150x, 200x?

>>12140131
You’re a fucking disappointment to me son

My wife's boyfriend bought 40k. She's going to be so excited when we're all rich.

>>12140131
son, why are you running?

>>12140557
Wrong, that is the easy part in my opinion.

>>12141255

kek

>>12139233
>he feels so smug thinking he’s come up with some new fud.
>not realising this fud was dealt with over 9 months ago

>>12139113
Your explanation is shit and confusing

With their decentralized MVP released, Chainlink will come out the gate running. Literally running straight up to $1000. And stay there.
Mark my words.

>>12139009
LINK is using the REQ network's blockchain to aggregate offchain parasources in order to remediate financial intermittentcy. $REQ has so much potential it's not even funny.. LINK is a decent buy as well.

>imagine having an army of autists shill this coin constantly
>imagine people who don't understand it still buy tons of it
>imagine seeing the light and tons of new partnerships
>imagine the coin still being 0.21$

Imagine being a fucking retard link holder who fell for a russian ERC scam with no product and a team who can't spell. Just fucking kill yourself already retards and leave everybody alone with your useless shit.

>>12139263
Damn, that is a great point about the EV chip.

>>12144137
What's your avatar picture?

>>12144137
Imagine being this dumb and spending time on this site. Total brainlet.

>>12144200
>>12144226
>can't counter argument so resort to personal attacks

>>12138989
First rule don't shill risky investments to friends and family.

Don't shill link, we don't need more weak hands on board. I don't care if it short term drops to 5 cents. In the long term Chainlink will be shilled by professionals.

>>12140557
This this this! Big business is never going to use some shitty little token that fluctuates up in down prices because a bunch of f****** losers on the Internet have a monopoly on it

>>12144358
Morons, big businesses will pay for services in FIAT, tokens are the reward system to nodes only. The fluctuation of Link token price means jackshit to companies requiring xx number of data confirmations. Anybody that doesn't get this concept needs to read more and post less.

>>12139006
linkies confirmed as faggots

>>12144236
>thinks they made an argument

>>12144358
650M of the supply is locked up atm you fucking retard.

>>12144581
they will never get it, and should go back!

>>12144581
I think we can work out the income you could make from a node based on the number of monetised API requests that are being made nowadays by traditional businesses and the amount they charge.
>https://nordicapis.com/the-ultimate-guide-to-pricing-your-api/
Assume that smart contracts requiring external data become mainstream and the crypto API economy reaches the same size as the regular API economy now. Let’s take the “hobbyist” from nordicapis.com as equivalent to a NEET running a chainlink node. That’s 688,991 calls per month. Per year it’s 8,267,892 calls. Say you charge $0.01 per call, which nordicapi reports, and is the minimum Oraclize charges. That’s $82,678.92 a year. IBM Watson charges $0.0025 per call which would be $20,669.73 per year. Bear in mind Oraclize surpassed 1 million calls in 1 recently.
Docusign says for their API that "You may not exceed 1,000 API requests per account per hour". Kek, ok so 1000 per hour is 24,000 a day, times 1 cent per job is $87,600 per year per node operator. With 19,000 node operators (Sergey's number) serving 1000 API requests per hour that's a total revenue of all nodes of $1,664,400,000 per year. That’s only 0.08% of $2.2 trillion (estimated total value of API economy in 2018).
>However it’s unlikely all 19,000 nodes will be high level business, many will probably be hobbyists

I don’t think Chainlink nodes will receive that many jobs upon mainnet launch. But as the smart contract economy grows it will need more and more APIs. I would strongly suggest running a link node and holding it until mainstream adoption.

>>12140328
you're gonna have a LOT of people very angry at you if BTC dumps down any further in 2019
and if it all works out and 2019 is a good year they'll pretend it was all their choice and you didn't help at all. why did you take so many risks?

>>12138989

I put $500 into LINK every paycheck. Buy ETH on Coinbase, then send it to Binance and turn it into LINK. Slowly but surely. Continue to accumulate. We do not know what time the mooning will happen. We just know that we will literally go to the moon on Elon Musk's rocket with a first class ticket, sipping champagne in zero gravity

>>12138989
I think that many people understand what a smart contract is, but very few can even grasp the costs that it would spare to the entire economy, I cannot grasp what the world will be being able to do business at light speed.

First there is that, then for someone that understands the oracle problem, it would take a lot of research to come to the conclusion that link offers the most viable solution