/biz/ - Business & Finance

Lurk more if you don't know

>>13537816
Lurking doesn't tell you shit everyones just like, yep, mmm-hmm, LINK's gonna moon.

>>13537812
Link has been discussed in depth for 2 years. Nobody is here to hold your hand. Buy whatever you think is best and dyor.

>>13537812
You've got it the wrong way round op, people pitch to link in the elevator, not the other way round

>>13537838
Not all of us lurked /biz/ two years ago.

>>13537843
beautiful

>>13537812
Smart contracts are executed on chain and are limited to on chain data. Meaningful smart contracts need a way to pull off chain, real world data. Chainlink makes meaningful smart contracts possible.

>>13537847
Well time to get your shovel and dig up the archives newfag nigger

>>13537812
this is the image that made me want to be all in LINK, if you can't look at that and tell me why it could be a good investment, then no one can fucking help you.

>>13537812
XRP is the clear winner. You are asking the right questions. There’s a pretty underground crypto community that is a bit more nuanced than this one with less brainwashed shills. Link below, good luck.

https://www.reddit.com/r/CryptoCurrency/

>>13537847
>Not all of us lurked /biz/ two years ago.
But we did. And we diiscussed it for 2 years and made our decisions to either call it a scam or a moonshot.
Nobody here will spoonfeed you, go to the archives and DYOR.

>>13537864
yeah, but...

I have a document, it's called the bizpill. Give me 0.1 eth and I'll share it with you. It's a collection of all the small unknown facts that made biz bullish as it is today. Also a lot of threads discussing the topic, price predictions with underlying arguments etc

>>13537812
Bunch of 4channers tried to force it as /ourcoin/ back last month 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

>>13537812
LINK has memetic energy

check em

>>13537824
Yeah you haven't been lurking enough. Get lurking

>>13537884
Even though I have money in XRP I don't think its going to pop off. Bank-only coin, don't see it being used for consumer purchases.

>>13537892
Don't listen to this guy, there are a bunch of interesting facts that /biz/ is trying to hide. As stated before, I can show you the truth for a price. Just say the word

>>13537886

>>13537900
Fucking checked we're all gonna make it frens

>>13537908
XRPayments app already on the PlayStore says otherwise

Also, XRPTipBot already works as an instant payment option

It'll all happen when it's supposed to

>>13537867
Thanks for the kek

>>13537812
LINK is a token for the ChainLink network, which is a platform for decentralized oracle readers for smart contracts

Smart contracts will be able to select multiple nodes to provide data inputs, paying the nodes with LINK. Nodes also stake LINK, losing then as punishment if go offline.

If ChainLink works (it will), it will be a revolutionary change in the economy, providing contracts the ability to become smart contracts, and then utilize large quantities of decentralized data

>>13537857
this.

>>13537812
ok OP if you're not larping, just read these two papers, and u'll understand.

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

>https://blog.chain.link/town-crier-and-chainlink/

>>13537812
also whats with this insect shit lately? why are (((they))) pushing it so hard?

>>13537966
Trying to feed the millions of shitskins they insist on breeding.

>komodo
>xrp
one is a literal who shitcoin that is a arrogant faggot who didn't solve shit with his 500 lines of code the other is a 41 billion supply kike scam coin that after 7 years of no adoption still sees no signs of taking over or working with SWIFT, unlike ChainLink which has been picked by the global elite to usher in the 4IR.

only dumb niggers and other subhuman ilk buy XRP and komodo

>>13529658
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.
>Is 1000$ really possibly in say the next 3-4-5 years?

>>13537966
because it's all people will have when the world falls to shit in the next global financial crisis

hope you've got some XRP when that happens

>>13537884
no where to be found on their website, just a bunch of small bank branches and other obscure companies..

>>13537923
aka never for xrp
7 years, no adoption
you people are actual retards

>>13537812
>why did autists pick a guy who wears the same exact shirt to every public appearance he went to over the span of a year

Well you've somewhat convinced me. I'll put my tax return into LINK. $1,000 should be good, right?

>>13538003
https://www.everis.com/global/en

it was done by them

>>13538005
you think 7 years is a long time

poor you

forget your own timeline, you're not important

7 years is nothing, it's a fundamental change in global finance that will last another 100 years

>>13537816
Op dont listen to this faggot, link is a biz meme scam, do not fall for it. Look at the current market cap then research how many other companies already provide working oracles. Link is not original. Dont get scammed.
Ps. Fuck discord trannys. Im going to murder you all.

>>13538013
they have two legit partnerships
amex and moneygram and they work with 200 bank

unlike chainlink which is supplying it's tech to SWIFTS 11k banking network

get fucked

>>13537900
checked

>>13537812
link was made to, by and for big companies to connect their legacy systems to blockchain.

>>13538028
Pathetic, what other Oracles. Name them. Name them and be ridiculed

>>13538042
you must have missed all the talk of SWIFT being useless and their new GPI system still being a load of shit

putting lipstick on a pig doesn't stop it being a pig

Ripple isn't an accident... it's a long-planned takeover and you're just too stupid to see it

You know, why shouldn't I just put a little bit of money into everything?

>>13538094
lmao no
7 years
no adoptions
come back to reality retard

screen capping these posts to make fun of you in the near future

>>13538195
do it, you literal retard

you still think 7 years is a long time even though i've told you why it's not

be gone, vile man... be gone from me now

>>13538172
You might as well be spreading out chips across a roulette table. It doesn't work there either.

>>13538235
The theorized returns of many of these coins are supposed to be big, bigger than the stock market. It makes sense not to do it in the stock market because the most you can hope for there is a stock to do triple what you bought it at.

>>13538172
pick the winner, get rich and THEN diversify to preserve the wealth

>>13538066
First of all pajeet, you answer me: Does link even have a working product? The answer is no. Good day faggot.
Oracles is nothing new. You got scammed. Have fun back to mid .40s lool

>>13538224
why are you samefagging yourself?

>>13538252
All I have is $1500 to play with anyways. Can't afford to go all in.

>>13537812
>>13537824
>>13537847
>>13537908
>>13537978
>>13538012
>>13538172
What part of LURK MOAR dont you understand?

Every field. Fuck off, baiting faggot.

>>13538267
At least $1200 of that should be in one coin

and then $150 in 2 others

>>13538224
cringe. can literally smell the stench of your plebbitness through my monitor

>>13538013
and my point still stands. the image i posted was found directly on their first website. the website is still up.

>>13538326
you literally can't

if anything you're smelling yourself

stop wearing your sister's shit-stained panties, you imbecile

>>13538267
>>13538172
>>13538012
>>13537847
>>13537824

not going to make it; not because of how much you have, but your attitude.

>>13538351
kek, literally proving my point, thanks.

>>13538365
"kek"

you're 12

>>13538261
>Calls me a pajeet
>Uses pajeet level english
Provide working Oracles or get off this board you fucking rasheed

>>13538370
kekicus maximus

>>13537900
Checked

>>13537990
>infinite amount of collateral

Ladies and gentleman: The logic of a Link Bagholder.

>>13537900
praise

>>13537900
checked

>>13537847
Not our problem newfag. Figure it out yourself or better yet go back to where you came from.

>>13537812
Russian spammers of 4channel identifed with the russian scammer. Simple as that.

>>13537812

The purpose of Chainlink is a network that incentives truthful data provided by individuals running LINK nodes (aka known as mining 2.0) while also providing compensation to smartcontracts just in case false data was used to trigger an agreement.

So the price will rise not only to meet the insured needs of smartcontracts but also because the LINK node miners are making money providing this service much like the price of BTC. (there are about 3 main factors that make the price rise one of them from mining and difficulty)

Its very simple.

The more LINK staked in the nodes, the more profit one can make running that node.
The more LINK staked in the nodes the bigger the smartcontract economy can become.
The more LINK staked in the nodes the more stable the network/connectivity becomes.
Finally
The more LINK staked in nodes the higher the price becomes.

We are witnessing something really special. The birth of the HTTP equivalent in Crypto.

The only comparable investment to LINK is when BTC or ETH first came about. Decentralized digital currency, Decentralized smartcontracts and now Decentralized oracle network. This trifecta will lead us into the next economic boom.

>>13539363
Well I only have $1000 to put into LINK anyways so I won't win much.