/biz/ - Business & Finance

This will be a good summer is all ill say nigguh

Maybe, just maybe because there aren't any and you have been duped?

I think theyll only announce/move in when the mainnet is proven to work correctly, and that reputation staking are released.

on the 30th of ay we are not getting the full package

Why would they? There’s no benefit

>>13791252
LOL

>>13791228
>why doesn't every company take the time to announce every partnership & supply chain that they are working in?

>>13791228
Because people don't want to touch Turing complete smart contracts you fucking mongoloid. Multi billion dollar insurance companies are not going to have their payouts be 'automatic' and on the fucking blockchain. Same goes for the other 5 or 6 dumb ChainStink examples that kept getting parroted for a year. You people are grown up slow kids.

The only people excited about Link are the people who like to imagine they know how businesses they've never worked in operate. The whole point is Turing complete smart contracts, for people that never asked for them in the first place. These types of smart contracts are very vulnerable, complicated to set in place and are just a general fuck up. They aren't coming. We will continue to use 'dumb' contracts only for at least another 10 years.

NDAs and testing I'm sure.
I'd rather hold out for FLETA mainnet anyway.

>>13791676
this

>>13791676
>>13791855
>listen to me guy'ze, I know better than Swift, Capgemini, Gartner, etc.
Banks and major businesses will adopt anything that increases their bottom line through automation.
ESPECIALLY if it's remotely IT related and they can outsource it.

>>13791228
Stinky

>>13791228
Sorry sweetie they posted the blog post today and announced s partnership with crypto kitties and some alarmed clock company

>>13791921
This

>>13791228
This is eth mainnet not "the" mainnet. Still 2 to 3 years from singularity.

>>13791676
Imagine using a discord where you literally have your own little picture attached to your account, lmao, holy fuck

>>13791921
SWIFT is doing a last little dance before its death. SWIFT is fucking dead. In 2 years time they'll be completely dissolved. The ECB, FED and IMF have already identified, long ago its replacement. The head of swift after getting cucked out the company got laughed at in his last conference for the shit he said. SWIFT my ass you dumb faggot.

ChainLink is shit.

>>13793157
Thanks sold 650 million.

>>13792843
What the fuck did any of this cunt's post even mean? Did you respond to the wrong post, faggot?

>>13791676
>Multi billion dollar companies hate money
>that's why this thing will never happen
>except it is going to happen in ten years
>same difference
>poop tastes good btw

>>13793157
>Swift is dying so Chainlink is shit
Aside from the fact that Swift is getting bigger than ever, you're a retard.

Also, smart contracts have the potential to eliminate middlemen like banks, insurance companies, ... as they can create financial products on an entirely peer-to-peer crowdfunding basis.

Also also, what about Capgemini, Gartner, WEF, ...

>>13793157
t. xrp nigger

>>13791228
They suffer the same problem as all cryptos, they have inly convinced the mindless sheep that it works and they haven't convinced anyone with half a brain

>>13791676
Linkies forever btfo

>>13793203
Nobody trusts Turing complete smart contracts, you moronic bastard. Were you 12 when the DAO happened? You probably were. That trust takes time. Imagine being so fucking dumb that you hinge a multi-billion dollar company's finances on lines of code not having a single exploit. Do you dumb cunts know anything about software development? Including >>13793231 you? No, both of you aren't even techies. You got interested in crapto less than 5 years ago. Both of you couldn't write a fucking Hello World program, and you're high off Hopium laced with Dunning-Kruger.

Complex pieces of software with zero exploits, made by man, do not exist. This is an idea neither of you, or any other of you bobble head ChainStink morons can understand because you're not techies, you're not programmers and you're not CS/EE students. No fundamentals whatsoever. I can see it, I can see neither of you have any real idea of what you're talking about at the technical level.

Get off my board and take your shitty ICO scam fatty with you. I'm glad I got to educate both of you at least.

>>13791228
Why haven't any companies announced they are using http for their websites?

>>13793295
>>13793157
sorry anon, it's happening whether you like it or not
your crappy pajeet tier company is gonna get left behind

>>13793295
>Nobody trusts Turing complete smart contracts
Smart contracts are simply a combination of computer programs.
You know about computer programs right?

Also, untold millions have been generated with smart contracts so far, people trust them fine.

>Complex pieces of software with zero exploits, made by man, do not exist.
Is that why the entire financial industry runs on (third-party) software?

>>13793271
>linkies r stupit
no u

>>13793295
>Imagine being so fucking dumb that you hinge a multi-billion dollar company's finances on lines of code not having a single exploit.
All of global finance hinges on lines of code, lmao

>>13793323
>Smart contracts are simply a combination of computer programs.

Look at this dumb skidmark trying to sound technical for a change and getting it wrong on the first step. They're not 'combinations' of programs, the fuck are you talking about? You just described something akin to an operating system such as GNU/Linux LMAO. A smart contract is a protocol which executes terms of a 'contract' for given inputs. Stupid boy.

>Is that why the entire financial industry runs on (third-party) software?

The dunce just equated proprietary closed source software overseen by man to autonomous algorithms released open source into the digital wild. This is the average intelligence and tech prowess of the Link token holder.

>>13793390
>such as GNU/Linux
oh look it's a freetard

>>13793390
>They're not 'combinations' of programs
But they literally are.

>b-b-b-but I meant proprietary closed source software overseen by man!!
1) no you just said "software"
2) banks use tons of open-source software too, starting with their Linux servers.

>>13793390
It's going to be really entertaining watching the "there is no market for smart contracts" crowd stand on the sidelines while the trillion dollar smart contract market takes off.
Maybe you can start a new /r/Buttcoin but for Chainlink, and whine about it while the rest of us get rich.

>>13793483

Wtf!!!

>>13793426
>/r/fartcontracts

>>13791676
>>13793157
>>13793295
>>13793390
this person should've gotten zero (You)s and yet you all responded to his bait

>>13793540
Approved

>>13791228
Is it possible that we are being played by a venture capitalist? Pic related.

>>13793579
Hey, that's the guy who fucked my mom

>>13793598
No, I don't wear glasses.

>>13793605
Daddy?

>>13793297
Because it comes up with warnings to anyone who goes on the sites

Https is the one that websites use
That’s what an ssl certificate is for

most logical conclusion:
big companies are not using it

>>13793323
>Smart contracts are simply a combination of computer programs.
jesus christ. sell signal

>>13791676

>if I say Turing complete a few times they will think I am not a brainlet

>>13794858
This

>>13791605
>Bill Gates: "Hi, I'd like to announce Best Buy is using Estes Freight to deliver laptops with our software on them."
Imagine the retards that think any major company that uses chainlink is going to announce it. You will SEE it if you USE it. You had 2 years anons.

>>13794871
That's literally what they are.

>>13794871
Unless you're trying to say Solidity for instance isn't a programming language.

>>13793579
this guy is big time though
that doesnt mean big time guys dont try to fleece anons, but he is big and his company is going to be huge (docusign)

>>13793167
>triggered
He meant you discord transvestites are a bunch of literal faggots. He replied to the correct post. Faggot.

>>13794961
>the internet is simply a combination of some computer programs

>>13795170
>In this interpretation, used for example by the Ethereum Foundation[3] or IBM,[4] a smart contract is not necessarily related to the classical concept of a contract, but can be any kind of computer program.
https://en.wikipedia.org/wiki/Smart_contract

>>13793295
Nicd blog post faggot

>>13793390
>>13795170
>>13794871
Imagine putting your foot in your mouth, and then shooting yourself in that foot.

>>13795050
He got in at 15 cents and is literally unloading his millions on us right now for an 8-bagger.

>>13793157
Imagine having to literally fud SWIFT in order to fud chainlink at this point kek. It's satisfying seeing just how far the goalposts have moved for link fud since 2017

>>13795560
That fag is fudding "software" to fud Chainlink too.
There have been tons of people fudding "Intel", and even "data sources" to fud Chainlink.
It's pretty insane.

>>13795560
>It's satisfying seeing just how far the goalposts have moved for link fud since 2017
Haven't the goalposts been always the same? No one uses smart contracts or even need them thus chainlink is totally useless.This is the reality unless you can name some companies that utilizes smart contracts in some useful way.

>>13793414
Banks don't publish their working source code to function real-time on a decentralized computing platform for everyone to pry at you fucking mongoloid. Can you spot the difference between any two systems whatsoever? Ok, you don't know the literal definition of a smart contract, that's fine you can drop it. Even the other unwashed Link veterans are cringing at that one.

>>13793426
There is no trillion dollar smart contract market. Learn business and learn law. Society isn't going to shift accountability overnight for things running the globe to autonomous code only to have something fuck up and having some neckbeard in an office go "Uh.. well, sorry I guess but it wasn't my fault they found a loophole!". Things involving lots of money and contractual agreements involve humans, as intermediaries. You don't know shit about anything in the real world because you're a shut-in teenager.

>>13794881
>dur whys he talking about crucial things y cant he speak in vague terms like me, y u got to talk bout technicalities in a tech project wots rong wiv u man

Neck yourself, cretin.

>>13795383
>>13795560
>>13795629
>'FUD'
>SWIFT

This is how I know, definitively that you're both underage. When you're a grown up like me and you've sent money all round the world, from the US to fucking Africa to Asia, you can attest to what an utter fucking disgusting shitshow SWIFT is. You're both too young to understand. Nobody likes SWIFT.

Here's something non-technical which you and your 80 IQ peers would easier comprehend; The circulating supply of LINK is 350 million tokens. There is a total in existence of 1 billion tokens. Sergey Nazarov holds 650 million LINK tokens, almost double the circulating supply.

How can you be so utterly fucking stupid? This isn't even a technical matter this is just fucking third grade math.

YOU'RE GOING TO GET DUMPED ON BECAUSE SERGEY OWNS 65% OF LINK TOKENS. ONE GUY. 65% OF ALL THE LINK.

CENTRALIZED SHITECOIN
EVEN WORSE THAN RIPPLE'S 40%

>>13795772
nice reddit spacing

>>13795758
>No-one uses automobiles, horses do the job just fine. It will never take off.This is the reality, Henry, give up your dream

>>13795784
There's no such thing as Reddit spacing. Reddit didn't even exist while I was double spacing here. Single spacing is for mouth breathers like yourself. Quick reply box warrants double spacing.

Don't you ever sell your Link. I want to watch you upload ever single pink wojak jpeg and flood the board with pink you tech illiterate overgrown cumshot.

>>13795772
>Banks don't publish their working source code to function
Banks use metric fucktonnes of open-source saas.
Even their Cobol backbone is on life support from open-source solutions.

You're an idiot.

>>13795772
>You don't know shit about anything in the real world because you're a shut-in teenager.
I literally have a law degree lmao
I'm not even going to argue with you. No argument will be more compelling than just letting you watch as the inevitable happens.

>>13795772
>When you're a grown up like me
And old man stuck in the past telling us it cant be done. Innovation is impossible.

>>13795814
Give me a real life example of chainlink's use case and tell me how much money it will save.

>>13791228
Whale Killer didn't say, but highly implied, that a major partnership would be announced next week right before mainnet to cause link to be the first project to pump on mainnet

>>13795814
Two events with zero familiarity. Classic Linkie intelligence.

>>13795841
Institutions steal and modify FOSS shit all the time, how long did it take you to Google something which kind of looked like it reaffirmed your ideas?

>>13795853
>I literally have a law degree lmao

Its so useless that you've had to resort to buying a chubby Russian guy's 65% centralized shitcoin. Are you from Brazil or something?

>>13795869
Innovation is all around and changing the world. My sole point is that ChainLink and smart contracts are not it. You think that's even on anyone's radar while we haven't even finished the fucking cryptocurrency race yet. There's still no adoption. No real actual adoption. We need to finish that first. When everyone in the nation uses cryptocurrency and understands it, we can perhaps look into automating basic things, not fucking billion dollar insurance companies.

What other linkie morons want to get spanked while I'm still awake?

>>13795918
>Banks don't use open source
>Banks steal open source
Both of these are you.
And they definitely pay for their saas, you have no idea.

Keep spouting nonsense, you're a walking talking buy signal.

>>13795918

Do you realize there wont be adoption through just tokenization? Its too limited, just read some reports from the isda

>>13795772
>When you're a grown up like me
I was following up til this point, daddy

Also, typing GNU/Linux makes me believe you are probably a butthurt sysadmin with alcohol problem and no family in his LATE 40s that regrets not getting into bitcoin early.

>>13795772
I've been doing consulting work in the banking industry for 2 years you troglodyte, I dont claim to be an expert in legacy finance, but the fact that
>nobody likes SWIFT
doesn't mean the swift wont be an important component of international transfer for year to come. None of my firm's clients are going to move away from it anytime soon. What I do know is that literally all of our banks have been demoing smart contract trials since 2016, wouldn't you think they'd appreciate an easy way to interface them with their legacy systems?

>>13795918
>Its so useless that you've had to resort to buying a chubby Russian guy's 65% centralized shitcoin. Are you from Brazil or something?


A friend of mine is in continental level management of big4 overseeing credit risk management, working on math automation.
His job is to oversee automation of bulshit jobs for third party corporations.
He is also heavily invested in Link

>>13791228
Real progress comes in small steps.
>eth mainnet + dApp partner nodes
we are here
>eth 2.0 scaling
>SWIFT, derivatives, legal contracts, IoT
we are going here

Just be patient

>>13796023
How heavily?

>>13796057
6figs

>>13795772
based. do you post on /int/ per chance?

>>13796105
I'm 6 figures that doesn't mean anything

>>13796120
But you are not automation expert on credit risk management

>>13796132
He must have a stack that's 500k + then if not he's doing it wrong

>>13795918
>REAL adoption is being able to buy onions on Amazon with my nano

lmao so you're just a troll then

My dad works at nintendo and told me that they are implementing smart contracts in the next mario game checkmate linkies and no linkies alike

Link is going to be $10000 EOY and Sergey will become the richest man in the world

Screencap this

https://td.mediaroom.com/2018-09-12-TD-Bank-Group-and-The-Hydrogen-Technology-Corporation-announce-North-American-agreement-to-bring-automated-digital-investing-solutions-to-TD-clients
They wont announce using LINK, theyll announce using the partners. Using LINK is lile using HTTP

>>13796216
this

>>13795969
>What I do know is that literally all of our banks have been demoing smart contract trials since 2016
I do not buy this for a second. That a lie.

>>13793295
im a 4 year software developer, have been in crypto since 2012 and im all in LINK, now what you buffoon?

>>13793295
>nobody trusts Turing complete smart contracts
I don't think you understand what Turing completeness is because you just threw it into your retarded ramblings for no reason. Multi billion dollar companies already trust Turing complete languages since almost everything except HTML and CSS are. See:
>C, C++, C#, JS, Java, Python, and every other modern programming language

>>13796385
>been in crypto since 2012
how are you not rich lmfao

>>13795772
This jackwad Fudder doesn't realize Swift likely owns most of that $650mm Link. Lol

>>13796590
You know the DAO that idiot mentioned as a reason why link will fail? well i ate the fud when it was hacked and dumped my entire ETH stack that i bought for almost nothing, would have been sitting on millions rn if i didnt.

just goes to show, like eth didnt die when the DAO was hacked, whatever insecurities happen we'll figure out how to deal with them and move on.

>>13796582
cringing @ (You)

>>13796582
Please, do not post if you don't understand what smart contract is.

>>13796657
>whatever insecurities happen we'll figure out how to deal with them and move on.
No one lost any real money or value in DAO hack. How do you think stock market and owners would react if their company operates on something that cannot be reversed.

>>13796928
That's not the only option. Reversible transactions are possible with smart contracts and a decentralized Oracle network.

>>13793414
>banks use tons of open-source software too, starting with their Linux servers.
Because you work in banking computer systems, right anon?
You don't know shit. Banks use PAID custom unix software for their servers, not free-shit variants flowing on the interwebs. You get laughed the fuck out of the room if you brought up using RH/Cent in a banking environment.
>t. contract networking engineer, with experience in banking networks

>>13796951
No they are not. That is not how decentralized blockchains work. You can not reverse e.g. ethereum smart contract execution.

>>13796882
He's right though.

>>13796972
So banks don't use Linux servers?

>>13796994
He isn't talking about reversing the chain you retard.

>>13797017
>He isn't talking about reversing the chain you retard.
Please tell me how do you reverse ethereum transaction.

>>13796842
>>13796882
wtf are you talking about retards? Turing completeness is irrelevant to whether companies adopt smart contracts or not. That was literally the point of my post. But please enlighten a solidity dev about how smart contracts work because you read a fucking blog post

>>13797041
>Please tell me how do you reverse ethereum transaction.
How do you reverse an erroneous bank transfer?

>>13797065
Answer my question first.

>>13797070
I just did.

A-anons! What kind of data are you going to be offering from your node? I feel like I don’t have enough Link for collateral for anything that really matters.

>>13797065
No you did not. You do not understand blockchains or smart contracts at all. Please tell me how do I reverse e.g. a transaction to some gambling contract which lost all my money.

Please tell me, how do I reverse a transaction that destroyed a smart contract or removed it's funds to hacker address.

>>13797107
I’m using the number of dirty laundry I have. The more dirty shirts, I just put another tally in the database. Laundry / cleaning companies are interested in my rate of dirtying up my clothes

>>13791676
t. seething boomer

>>13791228
For real, when Microsoft announced they were using HTTP there was so much hype. I couldn't buy HTTP quick enough after that announcement.

>>13797109
By forcing the hackers address to give back the money in a separate transaction, which smart contracts can do

>>13797017
>So banks don't use Linux servers?
IBM is used pretty much exclusively for financial transactions, at least in what I have come across (EBICS). Windows Servers are used for LAN management. Windows PCs process confidential financial information, but the IBM servers act as the gateway to the transaction network, so the windows server doesn't touch any of it.
I never saw a single instance of linux used in any banking environment (12 years doing this so far). They surely exist, but probably only for web server applications, like the bank's actual website & application servers/user authentication.

>>13797109
How do you reverse fraud and theft in legacy systems?

>>13797152
Even if that would be possible it's an enormous attack vector to the system that already has a lot of them.

It is much safer and easier not to use blockchains or smart contracts at all in that case.

>>13796370
To be fair, for most it's the absolute bare minimum so they can brag about using DLT, but the point stands. If a smart contract solution adds value, it will be adopted. Hell even the absolute boomer tier regional bank I've been working the most with recently has a small project for real estate contracts on ethereum

>>13797195
By law. Which do not apply to decentralized blockchain transaction. That is why they are decentralized, trustless and sensorship resistant

>>13797172
>IBM is used pretty much exclusively for financial transactions
Oh really.
ftp://ftp.software.ibm.com/linux/bpresource/redbooks/sg246909.pdf
"Every IBM Server platform has Linux as an option, either as an alternative to the
native operating system, or as a co-resident application environment."

Stop bullshitting any time.

>>13791228
You answered your own question.

>>13797288
Law applies to crypto as well, dumbass.

>>13791676
Finally a boomer talks some sense into these zoomer fags

>>13796928
>no one lost real money or value
except millions of dollars that were being drained on a daily basis out of the DAO contract?? vitalik literally had to fork ETH to fix it creating ETC is the process, what should have resulted in loss of faith in ETH do to a catch 22, either vitalik lets the hacker steal the money and ETH stays decentralized but the DAO keeps losing money and everyone gets fucked or vitalik rolls back ETH and its not decentralized anymore.

people were are just greedy fucks and after the fork all they cared about was buying cheap ETH.

>>13797363
No it does not. Only cryptographic laws apply. Please tell me how do you reverse a bitcoin transaction to some hacker address who destroyed the private key on purpose.

>>13797401
>law doesn't apply to crypto
Jesus fucking Christ anon.

>>13797423
Please answer my question. how do you reverse a bitcoin transaction to some hacker address who destroyed the private key on purpose?

>>13797401
>Please tell me how do you reverse a bitcoin transaction to some hacker address who destroyed the private key on purpose.
How do you reverse the theft of your wallet by some unknown attacker?

>>13797442
Could you answer my question. Please.

How do you reverse a bitcoin transaction to some hacker address who destroyed the private key on purpose? The hacker in this case was acting against the law.

>>13793167
Discord tranny detector: *beep*

>>13797470
see >>13797442

The wallet thief was acting against the law too.

I'm not gonna lie I hope this dumps some more.
I want to buy but only have 1k Euros to spare.

>>13797484
Could you answer my question.

How do you reverse a bitcoin transaction to some hacker address who destroyed the private key on purpose? The hacker in this case was acting against the law.

Is there a reason you can't answer this simple question?

>>13797513
are u retarded?

U cant reverse a bitcoin transaction. What is your point?

>>13797521
>U cant reverse a bitcoin transaction. What is your point?

YES, THANK YOU. That was exactly my point. We were 'discussing' how it is impossible to reverse transaction in decentralized blockchains. Could you believe that some people do not understand this?

>>13797513
>15 posts by this id
>not a single one brings up any of the actual valid criticisms of link
even the FUD on nubiz is fucking gay

>>13797553
How does the fact that transactions are immutable imply that human law would not affect some illicit behavior with blockchain?

>>13797579
Well then. Tell me, how do companies do business in blockchains where their transactions can not be reversed in case of hack or irreversible error (like accidental destruction of contract and it's funds).

>>13797146
this is uncommonly powerful FUD

>>13791228
there isnt even a link product yet lol, they still have a whole 1-2 years left to finish the whole thing

>>13797608
You can not return stolen or destroyed money. Jeez, this is not so hard.

>>13797624
>accidental destruction of contract
yes anon you can 100% destroy a contract once it's been deployed. valid concern. sell sell sell.

>>13797650
huh?
When someone kills someone can you return the killed person?

>>13797675
You do not realize that this has actually happened?
>>13797676
No. You can not return a dead person. Can you believe?

>>13797706
>No. You can not return a dead person. Can you believe?
Does that affect the rule of law that follows such behaviour? Nope it does not.
As with any illegal activity. Same goes for your 'hacker' that would transfer bitcones or whatever.

What is your point again?

>>13797732
That you can not reverse smart contract execution even if it goes to total shit. Why this is so hard to understand.

>>13797553
You can't reverse a bank transfer either, dumb dumb.

>>13797749
>you can not reverse smart contract execution even if it goes to total shit.

And? What would be the worst case scenario?

>>13797755
Yes you can. Do you think that playing stupid somehow makes your point more convincing?

>>13797780
>Yes you can.
You can repay the funds, but you cannot roll back the transaction.
Exact same thing with crypto.

>>13797762
Loss of all funds in that contract. Pretty bad isn't it.

>>13797792
Please. Tell. Me. How. Do. Repay. The. Funds. Without. Private. Key.

>>13797797
Yeah, do stupid things, expect stupid results. It's like a real world!

>>13797810
If the incorrect beneficiary doesn't pay back, an insurance company or other guarantor will.
Exactly like in legacy finance.

This is partly what Chainlink's collateral system is for.

>>13797812
Yeah like a real world. You said it.
https://hackernoon.com/ethereum-client-developer-accidentally-locks-150-million-of-user-funds-3806070ed27c

>>13797844
I still don't get what your point is. Yes, if u do a fuckup, you may fuck up big time, how is this a problem?

>>13797876
Don't you get it? We can't build new tech because there might be a mistake, the only sensible option is to do nothing!

>>13797876
How is losing 150M without a possibility to get it back a problem you ask? I don't know but maybe the businesses and stock holders would tell you.

Believe me, I'm having so much fun right now.

>>13797895
>the only sensible option is to do nothing!
That is a much better option than permanently losing 150M dollars. Thank you, this is so much fun.

>>13797345
>as an option

what part of this didn't you understand?

>>13797907
>>13797926
Someone died in a car crash once, better not get into a car.

>>13797907
>Believe me, I'm having so much fun right now.
Tipping fedora too?

>How is losing 150M without a possibility to get it back a problem you ask?
Ask any venture capitalist you retarded boomer

Do u even understand basic technological advancement? Do u know that there inevitably needs to be mistakes for a procedure to get better?

>>13797934
I think you're the one who doesn't understand.

>>13791228

Because it's all speculation and no one will ever actually use it for anything.

>>13791676
this is pretty good FUD, added it to my pasta menu. thx!

>>13797907
Bank trasnfers are also not reversible
I work in the law field and I know stories of companies who pay the wrong dude with a bank transfer and that dude just leaves the country with the money.

>>13795918
Ok passionate anti linker, make a tripcode and come back later to say I told you so so.

>>13797957
>Ask any venture capitalist you retarded boomer
Well venture capitalist making risky investments is totally different thing than some company who operates on their clients money for something else than venture capitalism.

>Do u know that there inevitably needs to be mistakes for a procedure to get better?
This argument is just so funny. What would you say if your bank account is emptied one morning because smart contract was hacked. Inevitable mistake because tech needs to get better?

>>13798033
With millions of dollars? I doubt it.

>>13798137
>What would you say if your bank account is emptied one morning because smart contract was hacked. Inevitable mistake because tech needs to get better?

I would not say that since bank account is probably much further in terms of client safety measures, insurance and so on. Still, banks can be insolvent and can go bankrupt. And blockchain tech will inevitably get there. I am not saying that we are at levels for it to be perfectly safe for commoner.

>>13798159
You dont withdraw millions in cash doofus you wire transfer it immediately to an Estonian bank account you just opened and gtfo. Any country that doesnt let some US company try and take the money back.

>>13797926
ty for outing yourself as a complete pedant, charlatan trenchbrain turbo aids cancer faggot

>>13791228
Because it's not going to look good for companies to say "we implemented smart contracts and can now layoff hundreds of employees"

Big corps will use Chainlink to save money, make their CEOs richer, but not to advertise to the normies about some irrelevant (to the consumer) middleware they won't understand.

>>13798188
This could be an interesting topic. How would insurance companies assess risks in smart contracts and price them? I'd say it is not worth it for the price but who knows. Maybe there is an ICO for that too.

>>13798213
Give me an news article where this kind of thing has happened. I'm seriously curious.
Too bad I have to go now. It was fun to fud with you guys.

>>13798137
The point is smart contracts are deterministic. You can lose far more than $150m waiting for the writer of a billion dollar swap to pay you, as he stalls and front-runs you. We're talking about a sector which trades quadrillions of dollars.

>>13798308
>How would insurance companies assess risks in smart contracts and price them?
That is not what I was thinking and you just show with every other post of yours how linear and narrowminded your thinking is.

There can be layers on top of layers for smart contracts, insurance contracts build into the fabric of dapps, feedback loops and so on, that trigger automatically when conditions are met, its actually pretty similar to living organisms. We are literally just starting all this.

Did eth stopped working after the hack? Did btc disappeard after mtgox? Nope, it went 20x in price and eth is still going and it is precisely becaous of this, since people that knows much more about smart contracts and blockchain than you or me are aware of these facts

Smart Contract - Digital agreement made tamper proof by being run on a decentralized infrastructure


if you don't think smart contracts are revolutionary, you seriously are a brainlet

>>13797041
You create a new one in the opposite direction you absolute brainlet

>>13793390
>>13793323
both of you sound like pseudo-intellectual retards
>Smart contracts are simply a combination of computer programs.
>You just described something akin to an operating system such as GNU/Linux

didn't know my grandpa was on here

>>13797643
I try my best for the needful sir

>>13795772
>Banks don't publish their working source code to function

Have you heard of psd2?

>this thread