/biz/ - Business & Finance

>>14065312
I don't give a shit what it does. I just want to be rich

>>14065312
bad posture mascot, dropped

>nothing is stopping every single current industry with data that would need to be accessed on-chain from just transitioning all of their systems to blockchain support

yeah, its called the fact that none of these fucking stone-age industries are going to do it for the next 10 years

Baloney

>>14065312
Have gay sex

>>14065312
You don't understand ChainLink. If a large amount of Capital starts building within various contracts on one data source that is a problem. I don't care if they're "trusted" or not. It's a problem

>>14065312
2/2

There are also types of data that are easy for nodes in a decentralized oracle network to observe independently -- for example, you might want to trigger a smart contract on Ethereum if a certain bitcoin transaction occurs. This type of data will always be most reliably provided by a network such as ChainLink.

When the adoption is high, data sources (or API providers )will begin providing their own oracle's because the effort will be worth it then. Largely eliminating chainlinks use case, as "decentralization" imposes a huge cost with no more security than "trusted" oracles built by the data providers.

Tl;Dr. Chain link is a medium term hold, helping with the ease of adoption for smart contracts, then diminish in value for the long term (4+years)

>>14065402
Exactly this. Bunch of 4channers tried to force it as /ourcoin/, 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 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 partnerships came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during the alt bear market lots of anons and took advantage of this and fudded this coin to all the late money and newfags that bought inDecember/January 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.

>>14065428
>>14065402

>>14065312
>it would be just as reliable and a good deal simpler, both legally and technologically, to directly query that single source
and there is nothing to stop them from doing that with chainlink. oraclize is a single centralized oracle that could provide that data and they will be a node in the chainlink network. the problem with using a single oracle though is that you not only have to trust them but they can suffer from downtime, which has happend with oraclize several times in the past.

Jason parser with kyc

>>14065312
fundamentally it makes me fundamentally rich

Oh we're back to early 2018 fud, I see, I see. Everything is circles and cycles.

>>14065344

can you back this up with evidence?

Eric Holder had Paul Walker assassinated to cover up his illegal gun smuggling operation in Mexico known as Fast and Furious.

>>14065582
The more fudding I see the more I want to buy.

>>14065312
>>14065411
do you understand this?

>>14065344
This is the reason why middleware is the fucking key

No one wants to get rid of that custom app they built, all those APIs they just updated or commissioned with their digital strategy, the api gateways, data lakes, they dont want to decouple from sap or salesforce

What if you could keep all that capital investment and bolt on this new tech that will cost cut and drive automation

chainlink nodes are targeting derivitives (quadrillion dollars) and bonds (trillions) as their first use case for the network. Chainlink tokens aren't the cause of this value, it is the chainlink node network which is the source of value. Chainlink nodes will be staked as collateral for each transfer, and that means if a user places a transfer order for $1billion dollars the nodes responsible must be collectively worth $1 billion in order to hedge the risk of bad actors. If bad actors prevail, those nodes will forfeit to the original requestor and that party will be refunded $1 billion dollars not from sergey but from the nodes who acted in bad faith. This alone means that the value of chainlink will be equal to the contracts it is trusted to execute, but that is FAR from the actual value of what chainlink tokens might become. C

Cease your FUD, or i will tell the newfags about tokenomics.

>>14065679
if you think companies are going to stake a billion dollars just to potentially earn a couple LINK for an API call you're deluded beyond recognition

>>14065700
your entire sentence tells me you have no idea what oracles, smartcontracts, or distributed ledgers are. Companies aren't staking. Companies are customers.

>>14065723
who do you think will be operating the nodes used by these derivatives contracts? neet nodes?

>>14065679
>the nodes responsible must be collectively worth $1 billion in order to hedge the risk of bad actors
Im all in LINK, but this isn't how it works
The collateral is only the penalty cost of not providing a timely and correct oracle response

>>14065728
yes, you retard. The entire point of chainlink is that the value of a link is based off the health of the node network. It MUST be decentralized, and the more decentralized it is, the more valuable each token is. The chainlink network is inherently anti-monopolistic because meganodes would destroy the network and plummet the value of link to zero. Nodes have to be small and work in concert because that is the ENTIRE FUCKING POINT. jesus fucking christ you people are dumb.

>>14065679
There's going to be staking but not 1 for 1 staking. There's only going to be enough collateral to sufficiently cover the risk and that will be determined by the market which is made up of many variables.

>>14065728
Linkpool is just the first of many staking services for LINK that will pop up. They do the KYC for you and you deposit your LINK in a smart contract that you can audit yourself beforehand. Rest marine. You had two years. I can go on to explain how even neet nodes will be highly profitable with no KYC if you want to carry on.

>>14065748
an important high value contract would never use a neet node it would only use trusted SGX nodes with high reputation and tons of LINK which no average person will have. you don't know shit stop acting like you do faggot.

>>14065785
I bought LINK the first hour it listed on etherdelta I know how it works. my point was that billion dollar derivatives contracts will not be using nodes operated by some guy in his basement.

>>14065799
Why couldn't you just listen?
>>14065785
Non-KYC neet nodes will still be profitable because people are thinking either too small or too large. It's not about normies buying tokens that will make LINK more valuable. There will be a rush of NORMIE DEVELOPERS because of the saturated WEB DEV MARKET trying to get in early just like when MOBILE APPS first became popular. Every scriptkitty that's ever written a function will be trying to build "the next Uber". They will need oracles but won't have the collateral for big boy KYC nodes. Most of their businesses will fail. But they will spend their capital on our neet nodes as they do. And we will be rich.

>>14065799
Which is why very soon the price of Link needs to moon so those very same node operators that own 100k Link will.suddenly see them spike by 10 or 20 times, thereby reducing the stack they front as collateral.

>>14065799
what's going to happen in ten years? in twenty? Link nodes are paid in link and they must use that link to pay their costs by selling into the market. What is that market? Who is buying those link and why? They're buying that link to create nodes of their own and earn link and build trust. We will see contraction and expansion of nodes before we hit equilibrium, but we WILL see equilibrium because that is what the network incentivises

>>14065834
we were specifically talking about derivatives and bonds which are basically what will make or break chainlink
>>14065857
in 10 years sure its possible but thats an eternity in this space some newer better tech could come along or blockchain could be wiped out by quantum computers by then who fucking knows. I hold 70k LINK btw I'm just being realistic.

>>14065905
Then use a staking service. You ignored this
>>14065785

>>14065319
This.

>>14065312
DO NOT SPOONFEED. NEWFAGS DO NOT CARE ABOUT DECENTRALIZED ORACLES THEY ONLY CARE ABOUT MONEY.

FUCK THE NEWLINKERS
FUCK THE NEWLINKERS
FUCK THE NEWLINKERS
FUCK NIGGERS
FUCK JANNIES
FUCK TRANNIES
FUCK MODS
FUCK CHINK SCAMMERS
ISRAEL HAS NO RIGHT TO EXIST

>>14065905
>quantum computer
Has absolutely nothing to do with it. And if you say 10 years is an eternity, dreams about quantum computing is more than irrelevant.
>better tech
Buy mobius sirs

>>14065411
>Doesn't understand threshold signatures
>Doesn't understand security or uptime guarantees
>Doesn't get the importance of TEEs
>Doesn't understand trusted APIs will just be Chainlink oracle nodes
>Doesn't know Chainlink is the amazon of data. It doesn't own oracles, but is the best and most complete framework for matching data providers and smart contracts.

Imagine being this stupid...

>>14066216
Disgusting white pig, this is why ALL WHITE MALES TRAVELLING TO INDIA SHOULD BE CASTRATED. Your behavior is LITERALLY WHAT BLACKS AND MUSLIMS DO IN EUROPE, you're using India as a brothel, insulting Indian men on every post and acting like you're doing Indian women a favor? This is what Indians think of you, you subhuman white pig. All white males should be castrated and all white women should be impregnated by brown and black men until the whites go extinct. https://www.theguardian.com/uk/2007/jan/03/world.india
Look how SUBHUMAN INFERIOR WHITE BOYS GET MAD when ASIAN MEN GET YOUR BEST WHITE WOMEN
You're obviously LARPing, most Indian women don't fuck pigskins, no condom huh? One day Indian men will find you and literally LYNCH you and castrate you for even going near Indian women. There've been several white males that have been LYNCHED for even TALKING to Indian women:
Most Indian women prefer average white guys to jacked Indians? LMAO I've been all over Mumbai and EVERY good looking Indian girl is dating or married to Indian guys. They might hook up with white Neanderthals for the thrill (just like European women love hooking up with blacks and browns, I personally have cleaned up in Ireland and Eastern Europe as an Indian guy) but literally 99% of Indian women would choose an 8/10 Indian man over a 7/10 small dicked inferior white male.
As for "Indian men can't satisfy their wives", lmao WHITE WOMEN cheat more than women of any race. Look at the infidelity statistics of white nations versus India, your women hate you. I fucked an Irish girl after meeting her Irish boyfriend on the same day. He was a short, shy guy and seemed like I could take him. He tried confronting me about it and I literally left him bleeding from a broken tooth and lying on the sidewalk in Dublin. Felt great.

>>14066216
BASED

>>14066387
>Also doesn't understand on-chain costs and real time data on a blockchain is quite difficult, especially right now.

>>14065312
BSV will kill chainlink
- bsv stores a fuckton of different data sources directly on-chain
- bsv is turing complete, meaning it will have smart contracts (its been proven)
- smart contracts will directly pull all data on-chain where they can also verify the source
- no need for link as bsv scales into the gigabyte or even terrabyte block realm where transactions are dirt cheap

Sorry linkers your coin is going obsolete

>>14065312
Sergey hides his gay cp on the network nodes. Hes a gross, fat psycho with absolutely zero redeeming qualities.

>>14065312
Quality fud, thanks anon

>>14066470
>scam coin from known psychopath megalomaniac will overthrow the only relevant crypto currently in existence
Heh

>>14065318
fpbp, holy shit

>>14066470
Is this bait? None of this is relevant to link.

>>14065312
You're wasting your time, you're probably the only person that holds link while having a three digit iq, which means you won't hold it for long.
It's a worthless scam token like tron that pumps entirely on hype, but at least trx holdings are more decentralized.
True believers are going to hold to zero, no matter how high link goes in the interim.

Chainlink being above $1 defeats the purpose of the coin.

>>14065312
>publishing real-time data on-chain
Nasdaq may try, and so can others, but it will be useless because the respective chain will be clunky, slow, non resilient, non secure, centralized, illiquid and badly scalable, like Cracks dream of 2GB blocks. If I had to chose between a "trusted" middleman I could bribe in the worst case or a centralized overhyped three way bookkeeping app controlled by a single sociopath, the choice would be an easy one.

But this may also just work for data that doesn't require Terra bytes of space, like a fucking price tag. Having more logistics and retail in mind, ware tracking, transport, real time pricing, customer, worker as sales data and automatic trustless automatic execution from one step to the next, the oracle smart contract solution through a multitude of existing in house apis seems for me the only viable solution. This can't be done on-chain, smart contracts are needed and I need an oracle to feed the terra bytes of data through. The risk spreading to node operators is another extra plus, would not just save millions in wages for monkeys but also probably billions in insurance.

Lets say Nasdaq and the financial industry can suck my hairy balls, I want LINK nodes to save funds in retail and logistics.

>>14066413
As the anon said
>doesn't understand threshold signatures

>>14066470
Pajeet please go

a lot of smort anons in this thread. what's up with the trading volume? almost 1/3 of normal volume. anyone got an idea why?

>>14065312
Who's going to pay to place that data on the blockchain? Not Nasdaq and NYSE, that's for sure. Chainlink let's the requestor pay.

>>14068126
Not sure. I bought some last night but couldn't even bait the bots to sell the price down like normal. Seems like no bot sell pressure ought to be bullish but link has also dumped in similar conditions before.

>>14065312
>a smart contract could check for a certain degree of consistency between the two data sources before executing.
dev here, how would it do that? Smart contracts cannot call external APIs. They can only be fed data by polling from a centralized server, like Maker (which is a scam, so is Chainlink).

>>14065312
>I'm in it for the tech
Stay poor linkfag

I love chainlink. All the drama, the memes, the community surrounding it, it's really something. But what I love most about it is knowing that in couple years I will be a billionaire. It's not even a 99% chance, it is quite literally guaranteed. As a result of that knowledge, I stopped showering and brushing my teeth over a year ago. There is simply no reason for me to do it when I know I'll be rich. I will be fucking whores every night and laughing as they're throwing up from my disgusting, stinky body and mouth. As they kiss me on my rotten teeth, or suck my dirty, 2 year unwashed hog. It will be quite something. In fact I am already seeing effects of my stinky adventure. Yesterday I went to a shop to buy some cheese and make a stop at McD's for a big mac and the cashier at the store was visibly gagging at the smell of me and trying to hide it. Other customers were standing like 5 meters behind me. It was truly hilarious. And none of them have any idea of my guaranteed, future riches. They must already be so jealous of me. The stinkiest billionaire ever.

>>14065452

Can someone tell me how chainlink handles pricing the oracles?

>>14065592
I've worked with the biggest telecom in my country who just RELUCTANTLY moved to IBAN this year, finally abandoning local banking ID's.
That should tell you how likely they are to adopt Blockchain.

>>14065312
>>14065411
Thank you Alex, you are so damn fucking based bro, I'm pretty sure we owe you a lot of crumbs

>>14069313
Does it have a political secured monopoly?

>>14069397
Yes.

>>14069521
That is bad. Consider physically removing the board of directors with Ammoniac and Bleach deployed in the ventilation system of their meeting room during a hot summer day if you want technological progression and cost reduction

>if Nasdaq and the New York Stock Exchange publish their data to the blockchain

you gotta be fucking joking m8

>>14065312
thx just bought 10k nasdaq shares

>>14065312
that's bullish for link right?

>>14068639
By using multiple nodes. The smart contract can choose to use 1, 3, or a thousand. And threshold signs will reduce the need for the contract to use 1k individual nodes, one node can instead gain consensus from 1k different nodes offchain.