/biz/ - Business & Finance

>>12147174
Reported, what scam discord link u in

>>12147174
No.

>>12147174
it's shit

>>12147205
It's THE shit

>>12147174
ive been assisting in the development of chain link many days sir i can promise you it very good very cheap sir make you rich one day so can buy toilet sir

>>12147222
>when you try to fud but end up getting trips and accidentally shill Link

Kek

>>12147174
Mainnet Q1. Link and ETH lead the next golden bull 2019 /biz retires.

buy, sirs, good coin sirs

>>12147174
Link is shit.

>>12147174
Just another brainlet here reporting in

Give a real world example of smart contract business interaction using chainlink? How does the oracle network validate data input to be true or false?

Your cat dies and you want insurance money from the smart contract, what does the oracle-network do to validate if your cat really died or not? The input data emerges from real world and it needs to be translated into the network, through a party of trust (a single veterinarian saying the cat died or did not die).

I am interested to understand how does this work in principle.

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

>>12147515
A billboard with a camera or laser on it detecting how many cars drive by and paying out the billboard owner each time one passes.

>>12147545
I AM RICH
I AM WEALTHY
PEOPLE LIKE ME
WOMEN FIND ME ATTRACTIVE
MY PARENTS AND FAMILY ARE PROUD OF ME

I HAVE MADE IT

I HAVE MADE IT

LINK IS LOVE
LINK IS LIFE

>>12147596

And the role of the oracle network? Could this not be done by just basic smart contract? It relies on a single point of data input from the laser.

>>12147174
>>12147174
This your last chance. After this there is no turning back. You buy the Bitcoin, the story ends. You wake up in your bed in a couple years and believe whatever you want to about why you didn't make it.

You buy the Chainlink, you join us in paradise banging thousands of solid 9.5/10 traps, and /biz/ shows you how deep their holes go.

Remember, all I'm offering is the truth. Nothing more.

>>12147596
you mean with hundreds of camera's because of the decentralized fuckery

>>12147545
I AM RICH
I AM WEALTHY
I AM A MILLIONAIRE
LINK HAS GIVEN ME INFINITE ABUNDANCE

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

>>12147665
>data from a single laser
What gathers the data/where the date comes from does not involve Link or smart contracts. That is negotiated between the parties prior. The smart contract simply says that if, for example, more than 100 cars pass in a day the payout is X and if between 50 and 100 the payout is Y and so on. Where the oracles (Link) comes in is translating the data from the laser to a form the blockchain can accept. Link itself is important because decentralization would prevent fraud from the oracle owners.

>>12147665
It can. But the whole point of decentralized smart contracts is that they can't be gamed. They exist to be trustless (computer logic decides if the transaction gets sent, not humans).

So if you use a centralized oracle for this use case:
- It could go down, meaning the smart contract doesn't get triggered and payouts do not happen
- Someone on the inside could tamper with the data sent by the oracle in order to financially gain from it, leaving the billboard owner at a loss (or even at a big gain if he pays someone to hack the oracle)

Let’s talk ‘bout it

There is a reasonable solution to the 'single data source' problem in that you could have multiple parties install measurement and reporting devices. In the nillboard case, you could have the billboard company, the advertiser, and an arbitrary number of independent agencies all install detection mechanisms. By the time smart contracts are ubiquitous, the technology to do this will be cheap and reliable enough to make this option feasible.

I just bought 150 link yesterday for shits. Y'all been shilling it as long as I've been on the board. I know it's a small amount. Most of my crypto is in Ripple and ADA.

Think I should continue to accumulate link? Or just use it for small gains to buy other shitcoins?

>>12148023
Automated drone-based data capture is already a reality on the construction side.

>>12148527
Link is a moonshot, it's either gonna go to absurd price levels or 0. Go big or go home

>>12149178
Didn't realize this. Have you got any articles about it? I'm reminded of the BIM and construction smart contracts discussion that happened back in marc, but I don't remember any discussion about sensors specifically.

>>12147545

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.

>>12149267
https://www.engineering.com/BIM/ArticleID/16686/Are-Drones-Becoming-Essential-to-Construction.aspx
https://www.designnews.com/automation-motion-control/drone-technology-evolves-construction-industry/157782070359814

>>12149324
Thanks fren

I like chainlink

>>12149267

>>12147545

You are a MANIAC

>>12147222
HIELLOW SIRS! SIRS! IM SO PLEASED SIRSSS! SIRS! PLZ SISRS! LISTEN TO ME SIRS! BUY GOOD!

>>12147515
I always see
>give me a usecase of chainlink!
and its a somewhat erroneous question and I feel as it stems from a misunderstanding of what chainlink sets out to do.
The use case for Chainlink is just a data delivery method onto smartcontracts. Think of any usecase a smartcontract can provide and understand that chainlink can apply to that usecase as a middleman.

>Your cat dies and you want insurance money from the smart contract....

Why is insurance always the common example? Maybe because a level a mistrust exists and its easy to spot. A better example would be a financial company wanting to connect legacy systems onto a blockchain and/or switch over to a method of financial trade using smart contracts to facilitate it.

Think of smart contracts like a programmable transaction. Company A wants to trade with Company B for some large amount of money that would need a written agreement done by lawyers, another company to act as an escrow, and a way for them to reconcile the data to ensure payment has been made, all of which costs a lot of time and money. Lets say both company A and Company B wants to do away with this style of trade and instead opt to switch to smart contracts to automate this process, forgoing the need for entire offices of lawyers/accounts/bureaucrats etc. There would be a lot of money on the line here, so they would need to be POSITIVE the data being entered onto their smart contract is SAFE and SECURE. Using a method of decentralized oracles (like Chainlink) would add a layer of security by ensuring that no single entity controls the outcome, and its more resistant to hacks/malicious behavior/downtime. This is a better example as well because Nodes would just need a distributed ledger to reconcile the data. Anything involving insurance/shipping of physical objects would need some sort of trusted sensor for the data source.

>>12147515
Confirmed Chainlink partners have put forth "fiat-crypto conversion" as their specific use case for Chainlink. People will hardly ever know they used the Link token when using the Chainlink network. The network needs a native means of exchange, and the use case of the network itself all but completely removes the threshold.