[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 93 KB, 730x730, LINK PEPE DANK.jpg [View same] [iqdb] [saucenao] [google]
14040726 No.14040726 [Reply] [Original]

In October, ChainLink completed a year-long proof of concept for smart-contract based Bond payments over the SWIFT network, and are currently working on building a larger implementation for smart-contract based securities. The opportunity for this specific implementation is large. In terms of volume, SWIFT does about 25–30M payment messages per day, of which 11–13M are related to securities processing — this equates to a total of about 3bn per year. We assume (conservatively) that around 10% (300M) of these securities messages are related to bond processing.

If the LINK token is addressing smart contract data input/payment output functionality for over 300M messages per year — it will be involved in processing around 820K transactions a day. This is more than Ethereum (600K transactions per day, valued at $44bn at time of writing) or Ripple (200K network payments per day, valued at $11bn at time of writing). ChainLink is currently valued at $100m.
The final piece of the SWIFT partnership that is important to understand is that, if it is implemented, ChainLink will have access to one of the very few gateways to fiat that exists for smart contracts. If the partnership is successful, ChainLink will not only enable SWIFT to process smart contracts, but it is possible SWIFT will enable other external smart-contracts to settle through fiat on its network by means of a ChainLink/SWIFT oracle. This is a massive opportunity for both companies: SWIFT could potentially become the fiat clearinghouse for cryptocurrency-based smart contract transactions by way of ChainLink.

>> No.14040745

>>14040726
Baste frogposter
Link $1k eoy

>> No.14040768
File: 221 KB, 1546x444, Screen Shot 2017-12-17 at 11.02.36 am.png [View same] [iqdb] [saucenao] [google]
14040768

ah the good old days

>> No.14040834

>>14040726
so based

>> No.14040840

>>14040726
how much would that volume make the token worth?

>> No.14040852

>>14040840
At least 5-6 bucks!

>> No.14040866

>>14040852
how do you know?

>> No.14040886

>>14040866
He's fucking with you.

Sergey said it himself, his SHORT TERM goal with Chainlink is to disrupt the quadrillion dollar derivatives market and the trillion dollar insurance market.

When it captures just 1% of the derivative market, each token will be with hundreds.

>> No.14040909

>>14040886
im scared

>> No.14040949

does this make link and xrp enemies? since xrp is trying to beat out swift

>> No.14040973

>>14040949
yes, mortal enemies in fact

>> No.14040992

>>14040909
Hold your ground marine !!!

>> No.14041099

Link better stop being a fucking cock tease coz I'm sick of edging to this crap

>> No.14041103

>>14040949

all xrp money will jump to link overnight

>> No.14041123

>>14040886
imagine being this delusional

>> No.14041154

>>14041123
>"they called us mainaics, heh"

>> No.14041236
File: 53 KB, 613x179, link.png [View same] [iqdb] [saucenao] [google]
14041236

>>14040886
Sergey is going to make me so fucking rich.

>> No.14041287

>>14041123
From the outside looking in, we do seem delusional.
If only you knew what we know....

>> No.14041331

>>14040840

Probably around $1.10.

>> No.14041364

>>14040726
Swift is not using Link, Link is using's swift's open APIs that anyone can use. There's no partnership whatsover. It's like if I used google map's API and pretended to have a partnership with them.

And no, winning some competition is not a partnership brainlet.

>> No.14041368

Requesting that chart showing the best performing crypto ROI in 2018 with link #1 and bnb #2

>> No.14041372

>>14041236
no
>>14041287
no

>> No.14041498

Swift will never be replaced because the roasties in accounts payable will never do all that work required to change over to something else

>> No.14041527

>>14041364
thats where you are wrong. sergey actually works with them and helps them implement their tech you dumb retard

>> No.14041553
File: 101 KB, 1653x957, 1559861297956.png [View same] [iqdb] [saucenao] [google]
14041553

>>14041236
Huh I posted this. Surprised to see it's caught on

>> No.14041563
File: 324 KB, 1830x1859, Link Gains.png [View same] [iqdb] [saucenao] [google]
14041563

>>14041368

>> No.14041908

>>14041236
>Bought BTC around 400, but was too poor and too much of a coward to buy more than 5
>Bought 300 LTC as a joke when it was 1.33,
>Was too late for ETH but bought 100 when it was 12
>Average LINK price is around 50 cents
I start to feel old

>> No.14041981
File: 14 KB, 232x296, 1544296731982.jpg [View same] [iqdb] [saucenao] [google]
14041981

>>14040886
>Short term

>> No.14042007

Hey guys. I am new to crypto and chainlink. I am reading a lot about swift and CL but could anyone explain me why would they need chainlink when their system working just fine at the moment? I mean all these things were processing to this day just fine, why would they switch to some crypto company which are often viewed as scam? Thank you.

>> No.14042038

>>14042007
>working fine
anon.. they are strongly dependent on unqualified GenX and Boomer monkeys that cost them billions in wages. If unqualified polit clowns go for populist decision to get voted by marxist 68ers they might lose their business over night. Chain Link makes the Boomers obsolete, and diminishes the risk of being fucked by clowns to nearly 0

>> No.14042079

>>14042038
I am asking seriously man. I would like to buy some. I understand that your post is a metaphor - is there any medium article or smth like that explaning how swift could benefit from CL and why do swift need them in the first place?

>> No.14042102
File: 183 KB, 995x560, 1539474298037.jpg [View same] [iqdb] [saucenao] [google]
14042102

>>14041563
Thank you fren

>> No.14042126

>>14042079
SWIFT is just one part of what Chainlink does, you need to start at the Chainlink website then watch Sergey's talks and read the whitepaper and actually educate yourself, or you can stay oblivious, throw your money around wildly, and lose it all.

>> No.14042134

>>14042079
Are you seriously that fucking new? His post wasn't a metaphor. Do you not understand that automation is much cheaper than manual labor.

And SWIFT has been with Link since day 1.

>> No.14042140

>>14042079
Nobody is gone spoon feed you. Look at demographics, look at the Damocles sword of the post Bretton-Woods FIAT system, look at the desperate attempt of the post 2009 policies trying to make the system work some years more and understand that they failed. Centralization is a communist meme that is expensive, inefficient and ineffective. SWIFT got lucky that clever lads like Sergey want to use their carcass to build a new paradigm.

>> No.14042168

>>14042126
I am wondering how many ppl from this board actually fully understand of what it does.

>>14042134
>>14042140
I am that new, yes. Okay I am checking CL website and there is a ton of material to read up...I might be too stupid to understand it though, I dont have an IT background. If I buy blindly what's the difference at the end of the day? It's gambling still, isn't it?

Thanks for your help.

>> No.14042204

>>14042168
>If I buy blindly what's the difference at the end of the day?

The difference is you will have weak hands and sell too early. It's better you educate yourself so you don't kill yourself.

>It's gambling still, isn't it?

It's gambling like getting into the Apple IPO.

You know what, fuck it. I'm gonna spoonfeed you a bit because I've got a suspicion that all the "FUD addicted" Link marines hating on nulinkers are actually whales engaging in price suppression.

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

Some use cases
https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/

>> No.14042252

>>14042204
Thank you sir, appreciate your help.

>> No.14042273

>>14042204
>I'm gonna spoonfeed you a bit
You know the credo, traitors before enemies

>> No.14042285

>>14041364
Oh silly child. Tsk, tsk.

>> No.14042299

>>14042273

Fuck off whale shit. Whalekiller told us that groups were purposefully keeping the price down, and I think Linkies discouraging shilling and spoonfeeding to newcomers, and hating on nulinkies is a part of that. Limiting the volume and incoming cash coming into Link.

Mainnet is out, it is time to take off. You had 2 fucking years to accumulate you greedy shit.

>> No.14042309

>>14042299
based

>> No.14042330

>>14042299
Fucking inflation get quick rich Nigger. Go hang yourself cancer

>> No.14042339

>>14042299
>thinking you need to shill this to retards for it to succeed
this isn't NANO or VEN

>> No.14042345

>>14042330

Seething whale kek. Scared nulinkies are gonna start nibbling into your sell wall while your asleep, and you wake up and find out your a nolinker now.

>>14042339

TWO

FUCKING

YEARS

>> No.14042373
File: 100 KB, 634x654, 1545242405635.jpg [View same] [iqdb] [saucenao] [google]
14042373

>>14042345
>selling LINK
Why should I sell a single one of my stinkies?
Swing Linkers are as brainless as nulinkers

>> No.14042442

>>14042373

>I'm gonna HODL a non currency for eternity until I'm rich

Retard. Either you will be selling a part of your main stack, or selling a portion of your node profits off. I will be selling 1k Linkies at $100, then maybe another 1k at $500 and so on. Or maybe I will sell the node profits who knows.

Either way, for you to be this mad over me linking to an article of info the team wanted out there, you are either an unbelievably greedy whale, or an abject poverty tier Pajeet with probably a sub 10 Link stack who knows he wont make it. Be honest, what is your Link poortfolio? 5? 6? Are you desperately trying to save up enough to get the 4 remaining Links so you can have a double digit stack and be the richest Pajeet on the shitting street?

>> No.14042501

>>14042442
>selling a portion of your node profits off.
You got it. LINK node administrator is what I'm planning on doing. But I will certainly sell not a single one of my 15K LINK, which is honestly far from being a whale. Next month it will be 20K to 25K depending on the shilling by get rich quick niggers like you or real whales dumping on the nulinker, but you get the basic idea.

>> No.14042530

>>14042501

>15k stack
>had 2 years
>calls others a nulinker

You are either a nulinker yourself or an ultra poorfag. Which is it. You should have at least 50k now. I can see why you are not satisfied and still worried about accumulation. Don't worry, you will make it eventually anon. But don't try to lock others out of this investment too. You were once a nulinker yourself who probably was motivated to look into this project by one of the many breadcrumb anons or larpers.

t. Bought my Link in Sep 2017 pre SIBOS

>> No.14042568

>>14042530
I'm not a swing Linker and crypto gambling faggot. I just use my wagecuck income minus monthly expenses to buy LINK, ETH and BTC, independent of the price, and if you looked up my previous posts, you would know that my average price for LINK is currently around 50 cents.
>You were a nulinker once
And I took my time, same as with the BTC white paper and ETH to read it, DMOR and shitpost with the lads. Stop spoon feeding and let new fags learn some responsibility.

>> No.14042676

>>14040726
Do you think all those people at SWIFT and the banks know they're going to lose their jobs?

>> No.14042698

>>14040726
Based and swiftpilled

>> No.14042733

>>14042676
There is no fren in business. They will be glad to throw those expensive Boomers with millions in debt, unpaid houses and boats too arrogant to educate themselves on new evolutions into the gutter to save their businesses.

>> No.14042748

>>14042676
The bank employees will be fine--transactions will just be quicker and cheaper, profit margins higher

>> No.14042768

>>14042748
Did you forgot the 2009 pictures of Boomers and GenX who think they own the world being laid off, leaving their workplace they thought were save with their little cartons having thrown fruits at them by the average joes an being spit on

>> No.14043367

>>14041498
They will die one day and younger more futuristic people will replace them.

>> No.14043445

>>14042007
TIME. Time is the one variable that holds all us back. Have you ever had to receive payments via the swift network??- It takes forever if it is coming from overseas. The current banking system is so broken that it resembles the power line poles in India. The future tech has arrived and those who do not adopt it will be left behind.

>> No.14043594

>>14043445
Time is an argument that nobody can ignore for sure...well I am reading this article from "The Crypto Oracle". I mean it all sounds great so far but he is obviously invested heavy into CL and his opinions are biased. Calling it the God Protocol? Well sounds kind of funny...I wish everything he writes about happens though.

>> No.14043631

>>14042299
If anybody has it share the PSD2 post from way back when that speaks of shovels and the whole wash plant.

>> No.14043646

>>14043594
>Calling it the God Protocol?

Have you looked into what this is?

>> No.14043656

>>14043594
>Calling it the God Protocol
He is, but he didn't invent the name
It has been foretold

>> No.14043743

>>14043594

He thinks Chainlink might be Nick Szabo's god protocol. He didn't invent the term. Look up what the god protocol is.

>>14043631

I don't have it sorry.

>> No.14043748

>>14043594
don't bother. link is a cult like ripple with shittier TPS. you will never get a straight answer out of these guys..... half are retarded and too stupid to realize they're getting dumped on, and the other half do know and use the idiots for PNDs.

Do not buy LINk. Just sit an watch. When the price starts going up, you'll see ton of shill threads. Then when it crashes, the opposite happens. Orchestrated pump and dumps again and again.

>> No.14043848

>>14043748
>with shittier TPS

Wow something that is not a currency has a lower TPS rate than a fast currency, who would have thought that huh.

Fucking moron.

>> No.14043863

"NEW" CRYPTOCURRENCIES HAVE A TENDENCY TO FAIL AS A RESULT OF HEAVY MARKETING AND A PRODUCT THAT DOESN'T DELIVER. IT IS UNHEARD OF FOR AN UNMARKETED TOKEN TO GO FROM PENNIES TO HOVERING AROUND A DOLLAR, WITH ZERO MARKETING. IT IS UNHEARD OF FOR A TOKEN TO REFUSE TO DUMP AFTER MAINNET. IT IS UNHEARD OF FOR A CRYPTO COMPANY TO BARELY EVEN ACKNOWLEDGE PARTNERSHIPS UNTIL WELL AFTER THE PARTNER COMPANY HAS ANNOUNCED. THAT IS HOW A BULLISH REAL WORLD COMPANY ACTS - LETTING THE PRODUCT AND HIGH PROFILE PARTNERS SPEAK FOR THEM. NO FLASHING LIGHTS. NO GIMMICKS. THERE IS ONLY ONE CRYPTOCURRENCY ON THE MARKET THAT IS DOING ALL OF THAT, BACKED BY THE FIRST EVER PEER-REVIEWED WHITEPAPER AND A FLAWLESS PRODUCT. AND I AM PROUD TO BE A MARINE IN THAT CRYPTO'S RANKS.
NEVER SELLING. ALWAYS HOLDING.
$1K EOY.

>> No.14043904

>>14043863

BASED. This needs to be pasta. It will get around filter fags too.

>> No.14044195

>>14043863
Checked the time dubs

>> No.14044230

>>14041331
Pegged to a cup of coffee... just like the white paper says... woah

>> No.14044270

of course it's all true OP

https://create.smartcontract.com/sibos17

>> No.14044401
File: 97 KB, 949x854, 1559120275855.png [View same] [iqdb] [saucenao] [google]
14044401

>>14043594
You have to keep digging faggot. There are rabbit holes inside of rabbit holes. Read Nick Szabo's God Particle, and research who he is.