/biz/ - Business & Finance

>>14433236
It makes us rich

>>14433236
Fuck no just follow the best memes. Worst case scenario you get some keks and make some frens

>>>/r/eddit/

>>14433236
no we dont, weve only been discussing it in depth for the past two years. we absolutely have no idea what it does since those two years.

>>14433236
It solves the lambo problem.

>>14433236
never heard of it

>>14433236
Its a data source for smart contracts, the NYSE and the NASDAQ could use chainlink to push market data to smart contracts.....this shitcoin is actually a big deal if adoption truly occurs and IF BIG IF vendors use it.

>>14433333
Checked

>>14433236
basically everyone knows exactly what it does, and you would too if you dyor.

>>14433333
Nice

>>14433236
solves the oracle problem
have you not been paying attention or just new

>>14433236
Fuck no, I just want to live like a Saudi prince and shit on white bitches' faces.

it allows easy payment for coffee
1 link for 1 coffee its that simple. makes cashier’s jobs easier and you get coffee fast and easy.

>>14433333
kek and check

>>14433378
Pretends to solve the oracle problem

>>14433379
Unfathomably based and extremely scatpilled.

>>14433236
no one knows or cares. ppl just throw their money into whatever coin is going up. rinse and repeat.

>>14433236
solves the oracle problem by making the matrix dope af og

>>14433236
Lambo. Helicopter. Brap Hogs.

Are you retarded? It's a secure blockchain middleware that intends to connect smart contracts across blockchains by allowing smart contracts to access key off-chain resources such as data feeds, web APIs, and traditional bank account payments.

It will be implemented by some of the biggest corporations. Sky's the limit

This is dogshit in a blanket. Does nothing is all hype and complete vaporware

>>14433531
>secure

>>14433236

it's reverse psychology from the freedom and you only have your chains to lose part

I'll spoonfeed you

>>14433236
It systematically kills jews, niggers and trannies

fpbp nolinkers btfo get rekt

>>14433556
I believe this too.

But I’m tired of this meme token train leaving the station without me so I dropped $200 dollars for 66 Links. Now I can ride the memes too. Makes it more fun when you have a little bit of skin in the game.

>>14433333
Checked.

>>14433531
>multiple chains
Anon i

It doesn't do anything.

I've held for 2 years and I have no idea what oracles even are.

>>14433797
Most link holders can’t even sign a onchain transaction if their life depended on it. How’s that for adoption! Can’t wait to watch the card house come down

>>14433823
>Can’t wait to watch the card house come down

>>14433851
>42
What a worthless number

>>14433236
https://blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

Solution to Sybil attack is initial KYC tho.

>>14433898
any other profound insights for us while you're at it?

>>14433322
Based
>>14433333
And redpilled

>>14433646
So theoretically we can start to bet on whether flights will land on time? Crypto is taking gambling to a whole new level.

>>14433952
>posts frog pictures on anonymous Persian rug forum
No I think were done here

>>14433823
Metamask does it for me :)

>>14433333

I've been asking you fucking retards for 18 months, none of you ever gave a coherent answer. People should just read sergey's blogs desu, biz is useless.

>>14433359
> stinkies actually believe companies will pay a network of NEETs holding an ethereum token to access data because muh decentralization when they could otherwise access it for free from an already trusted and established central authority


Anons, I...

>>14434042
>biz is useless.
imagine

>>14433378
RLC solves the oracle problem

I literally only bought it because /biz/ consistently shilled it in October of 2017. I have only a vague knowledge that it works as a middleman or something so it seemed good to me.

>>14433797
The white paper is a word salad. Doesnt explain the problem or solution well.

Oracles talking to each other on block chains bro. Gonna be worth $1,000 bro.

It’s literally a meme token.

>>14433646
flighttracker could just sign the data and your app could feed it to the smart contract no link needed tho. if you rely on centralized service as datasource you already trust someone with that data.

>>14434037
You realize you’re in a minority right? Most people who buy have no idea what they are buying. That makes it worthless.

>>14434103
It's an example, brainlet. There's infinite use cases.

I know what it does, it goes to 10.000 usd EOY

1000 USD is FUD

10000 USD

>>14434103
Shhhhh don’t explain the level of retardation it could Anger them

>>14434022
Please use the meme correctly, thank you

>>14434013
And thank me later

https://imgur.com/6naya6H

>>14433333
CHECKERINO

>>14434089
Kek

>>14434125
>There's infinite use cases
and i could make each and ever one of them work just the same without link.

>>14433949
I don't think you understand decentralization. All they did is created centralized oracles, which is 100% trivial. They haven't even started thinking about how to make it actually decentralized. Yet is has $1b valuation, for trivial centralized oracles.

>>14434138
>But the oracles shall communicate on the block chain!
Doesn’t realize that data can already be queried without blockchain.

>>14433333
Checked and praise Kek'd

>>14433347
>lambo calculus

>>14433236

Verifies the price of ETH.

>>14434195
If you can't see the value in this tech I'm not going to persuade you. Stay poor.

>>14433949
>Solution to Sybil attack is initial KYC tho
kyc is worthless i can buy a 100 pajeet to do kyc for me.

>>14433680
Only correct answer ITT.

I am a racist and I hold Chainlink. And I know I'm not the only one. I first heard of this smartcontract middleware project when posting in Stormfront. We were brain-STORMING (pun intended) some ideas that we nazis could use to undermine women and minorities and some intelligent anon brought up investing in the project and became the most upvoted idea. What does Chainlink have to do, at all, with opressing women and minorities you may ask? Well, I will explain to you in a way even a pathetic, weak and stupid female would understand, so you better be grateful here:

Because of the inefficiency of modern day contract enforcement, generally dominated by slow and inefficient government owned courts, in the last decades modern society has seen a huge explosion in the number of people employed as white collar workers. The stereotypes about white collar workers, all of them, are absolutely true. They are lazy pieces of shit, doing non-essential make-work while browsing their phones, maybe doing an hour or two at most or real work in the entire day. This is the context in which women entered the "work"force in masse. Women can't do real jobs. Well, maybe 10% can do something useful, but most of you only strut around in air conditioned offices like you're the hottest shit in the world, while men still do 95% of the work.

So... what is going to happen to all that unnecessary administrative bloat? Thanks to our man Sergey Nazarov the days of you paper pushers, lawyers and other parasites are numbered. Within a decade all these jobs will almost be gone. Smart contracts will make all of you go back into the kitchen, where you should have always been because there won't be a Jew megacorp willing to waste its money in hiring you when NEET nodes will do it for a fraction of the price.

Chainlink, the currency for a bright future where women will be oppressed and niggers curb stomped into extermination!

HEIL FUCKING HITLER
LONG LIVE SERGEY NAZAROV, THE LEADER OF OUR REVOLUTION

>name one use case
>nobody can name one use case
Link is a shitcoin

>>14434249
it's not the tech that's the problem it's the token. the token is worthless. you could stake the oracles in eth nothing would change (assuming we really do need this staking thing in the vast majority of cases since most data used in contracts is provided or authenticated by a central authority today).

>>14433347
Unironically this

>>14434309
wow that's really good
haven't seen that one yet

>>14434195
>>14434249
Both of you are wrong.

Decentralized oracles are amazing AND needed. But LINK is not decentralized. Centralized oracles like LINK did is completely trivial to make, and will never get developer adoption.

And don't bullshit me with the "they're gonna make it decentralized later". THEY DON'T FUCKING KNOW HOW. No one knows how. It's not in their white paper. What's described in their white paper is bullshit to fool brainlets and it's not sybil resistant.

It's like IOTA saying "we'll remove the coordinator later". No you won't, cause you don't fucking know how to without killing the network. Decentralized, sybil resistant reputation is an unsolved computer science problem, and the Chainlink brainlets certainly aren't about to do something even more innovative than Bitcoin itself was in 2008.

If you're not a programmer, and you think Chainlink is decentralized or has a plan that will actually work decentrally, you don't know what the fuck you're talking about and you've been lied to. You're about to get rekt. But that's OK, you're a brainlet, you're used to it.

>>14434367
>Decentralized oracles are amazing AND needed
but you don't need link for them

>>14433531
Reality no one knows it solves the oracle problem
If it does then you’re looking at the next google of blockchain
Stupid not have skin in the game imo

>>14434367
colateral, multiple trusted nodes, kyc? Would someone really be willing to risk large sums of money for a sybil attack? I think there would be a lot of money and nodes needed to succesfully complete such an action.

>>14434367
You can’t decentralize an upstream data source that’s centralized it makes no sense

>>14433236
basically a glorified json parser, it's incredible how retarded people are on buying something a code monkey could make in less than a week

>>14433236
collateralize smart contracts and the data required to run them

>>14434367

gay stuff lol

>>14433236

They really don't and if you press them they'll say:

> We've been talking about it for years
> DYOR
> Read the whitepaper

Chainlink is software to input data into a smart contract using a running process where in theory that data can be validated.

The LINK token is in theory a part of the process of running a node where a dishonest party would have some staked LINK burned.

In reality its not used at all and is worthless but memes are strong.

>>14434508
>They really don't

>>14434409
You're not a programmer. You don't know what the fuck you're talking about. You've been lied to by Chainlink.

>trusted nodes
Trusted from where? There's no trust in a decentralized network retard.

>colateral
Who decides that the outcome is correct/incorrect to slash the collateral? Stake? That would mean any whale can slash anyone and steal their cash. That would mean Sergey with his 65% supply literally controls the network. Plus what about the speed and back and forth required to calculate and vote for slashing? What makes you think this overhead doesn't destroy any utility for oracles? Why doesn't LINK release a whitepaper about it so it can be examined by the community? (Because it would expose the scam kek)

If you're not a programmer, you really need to shut the fuck up with these half assed "solutions" to the greatest, never solved problem to decentralization since the beginning of the internet. Chainlink has not fucking solved this problem kek.

>>14433236
Chews ass and kicks bubblegum, and it's all outta bubblegum.

>>14433236
Only low IQ retards like yourself can't grasp it. Natural selection at work. Now go back to wage cucking your absolute fucking low IQ retard.

>>14434549

It's nice seeing someone else with a fucking brain.

Have to admit it makes me salty as fuck that this scam coin is actually sustaining its pumps. I get how /biz/ retards fall for this shit but not people who ostensibly have involvement in programming or crypto.

>>14434549
"Trusted nodes" Sorry my bad. Lets say more valuable nodes that have a reputation of having good data.

I can see how it would be in interest of larger corporations to provide valuable data instead of false one. You can make money on these nodes in the long term. Again, why risk it on sybil attacks?

Sergey wont hold the entire 65% of supply. Doesnt the team get like 50mil? And there is multiple team members, i mean they are still pretty wealthy but my guess is they wont just dump their stacks. Actually am a programmer, still learning in "college" but somehow my gut is telling me there is something more to this project.

KYC would solve sybil attacks, but i guess that then you dont have the same level of decentralisation.

Also if you want to protect your smartcontract you can just pay more, get a higher level of your funds being insured.

>>14433680
fuck I need to buy more

>>14434730
you have room temperature IQ my friend. None of what you've written addresses any of my points.

Like I said, if you're not a programmer, you need to shut the fuck up and educate yourself before you babble about things without knowing how they work on the lower levels. Attacks are performed at low levels, not at the high level abstractions that you can actually understand without being a programmer.

Like I said, if Chainlink was legit, they would have released a white paper about how this slashing would actually work in detail, and most likely it would be flawed as fuck and get rekt by the community. But they know that. They know they are scammers. So they release nothing and they let brainlets like yourself speculate with high level concepts that are fundamental flawed.

>>14434645
>>14434549
By the way, I think its good fud and you have some experience in this area. Not gonna lie.

Why would they be involved with google, and cloud? Maybe there is something they aren't telling us. I mean why would they want to be involved with a project that cant fundamentally provide what they "advertise". And they don't advertise much. Don't you think that we told these developers more then the public gets to know. You can only assume what the fuck goes on behind closed doors.

>>14434414
the worst part is that JSON is probably going to be replaced soon

>>14434858
>Why would they be involved with google, and cloud?
they're not involved with Google. Google doesn't care that Chainlink is centralized. Google Could's marketing department wanted to bring new eyes to their BigQuery product by clickbaiting Ethereum and Chainlink, and that blog post did just that.

In no way will Google ever use Chainlink themselves. Any dev actually understands that. Only journalists and brainlets believe this is a partnership.

>>14434858

> Maybe this token I bought has some value beyond what the people who sold it to me are saying.
> Juicero received 120 million from Google surely theres something more to this juicer than squeezing 8 dollar packets of juice!

>>14434549

>Plus what about the speed and back and forth required to calculate and vote for slashing? What makes you think this overhead doesn't destroy any utility for oracles?

The speed loss is measured in seconds, maybe minutes. The average time to conduct and execute a contract currently - assuming nothing goes wrong - is measured in days. You are quibbling.

>>14434934
>The speed loss is measured in seconds, maybe minutes. The average time to conduct and execute a contract currently - assuming nothing goes wrong - is measured in days. You are quibbling.
You're not a programmer. You don't know that. If it's on Ethereum, it's certainly not in seconds, it takes multiple blocks.

Again, if you're not a programmer. Shut your fucking mouth about technical things you don't understand. You're getting fucking scammed.

>>14433236
They know what it claims to do, not what it can do in reality.

>>14434897
I can see how that could make sense.

What about oracle? Frenando seemed pretty stoked about it. Tbh i made fair amount of money at this point i dont really care anymore. Also investing in people sometimes doesnt seem like a bad idea. If sergey wanted to exit scam he could already do that and be set for life. Dont tell me there is a major difference between exit scaming at 50million and 300 million. In both cases you're rich as fuck.

Read somewhere he invested early in ethereum and btc, so i wouldnt be surprised if he already has it pretty good. Cant be to sure since I probably read it here tho. :D

>>14434980

I think most of them are actually aware its a scam and this is how they try to bring more people into the ponzi effectively

its for programming your alarm clock or some shit

>>14435003

You get sued when you exit scam and the justice system tends to convict people who they view as having scammed people even if they technically broke no laws. Hes likely just paying himself a very high salary right now

>>14433333
Nice digits sarcasmanon

>>14434980
It could take hours and still be three times as fast over business as usual, with 95% less overhead because you no longer need people to oversee the contracts being executed.

>>14435051
Might be, well know for sure in couple of years.

Still this is the best chance i currently have to get rich at a pretty young age.

>>14433531
And what does owning a LINK token accomplish for me?

>>14435143

While its still possible you could make even more money be aware this is like trying to get rich off of Bitconnect. It might work until its over.

...Anonymous (ID: 6FQFN9PI)
06/28/19(Fri)19:50:58 No.14435121
what’s the realistic ceiling for link? let’s say I toss $1000 USD on it now at $3.08, how’s my outlook or 6 months, 1, 5 years from now?

makes me rich lole

>>14435141
>>14434980
>>14434857

What if there is some kind of failsafe that the network can see that different nodes are providing completely different data and it could detect it as potentially fraudulent data? Fuck if i know, I just hope they got something on it

>>14433347
this

I dont even know what Bitcoin does.

I couldnt even tell you what a blockchain or smart contract is.

Yet here I am with all my money tied up in these things.

>>14435227
They don't. They had 2 years and tens of millions of capital to research this problem and release a technical white paper describing their solution.

There's a very simple reason why they don't release it. They are scammers.

"We'll just deal with this unsolved computer science problem later, no big deal, here's some half assed solutions, we'll have collateral! No one has ever thought of that! In the meantime, here's this completely trivial centralized oracles software that took us 2 years to build. You just need to send your passport to prevent sybil.

Trust us, it took us 2 years to build something extremely trivial with 32mil capital, but we're about to solve the most revolutionary sybil resistant solution since bitcoin itself! We can do it! Trust us!"

>>14433297
fpbp

>>14435313
What is even the point of buttcoin when every vendor in the world accepts VISA now

>>14433333
meme magic will take us there

>>14433333
Nice. Checked. Based. Fuck OP.

>>14435393
Take it easy man, what did your wife cheat on you to have such trust issues?

>>14434367
This
>>14434411
And fucking that.

The crux of the issue is that virtually all linktards, similar to the creator of this bullshit have ZERO PROGRAMMING KNOWLEDGE. It’s easy to lie to someone about a topic they have no fucking clue about. Chainlink can never be decentralised, thus its merely an oracle system, something any development team can create in 6 months or less. If data comes from one source please tell me what the fuck a decentralised oracle network does to the reliability of this data? How the fuck does that even make sense? For one data source all I’d need on MY end is something to translate that data into something for MY blockchain case, which would take less than a week to do.

If data has multiple sources, all I need to do is, again, something on MY end that looks at these data sources, compares them and cuts out the irregular data stream if there is one. Something which again would take a week tops to implement. If you’re important enough to need these things, you’re a very large company or organisation and this is trivial as fuck. Sergey nazarov is a fucking charlatan philosophy faggot. No one has EVER challenged me on these crucial Chainlink issues and nobody ever will. Mark my fucking words. I only ever get 1 line meme responses to valid criticism. I BTFO Chainlink every time I post about it and there’s nothing you queers can do about it.

>>14435454
>he still doesn't get it

The big reveal is that Chainlink can be integrated into any oracle network and send that data into any other oracle network.

>>14435454
>>14435393

I really encourage you guys, to write directly to devs, and ask them about this particular problem. I really want to know their response.

Or you can try in a telegram group, but all i've gotten to response was that i should contact the devs.

I literally know nothing about cryptos, I don't even know what they are. The fuck is a blockchain? What's an oracle?
I just buy what I see memed on here

>>14435503

For my sanity can you please confirm you're just trolling.

If you really believe the words you just typed could you attempt to explain what the fuck you are talking about. What do you think an "oracle network" is? What do you think a fucking "oracle" is even?

>>14434309
>Stormfront
Embarrassing.

>>14434857
You what other projects have fundamental flaws? Bitcoin and Ethereum. Ask the early adopters if they mind.
Link might not solve the Oracle problem perfectly, but it's probably the next best thing. And it seems like it's already perceived as such by everyone except salty overthinkers like yourself.
You think the only a perfect solution will do, but if they'd waited for perfection at NASA they never would have landed on the moon. And that, my man, is where we're going.

>>14435542
The strategy worked well untill now ey? :D

>>14435454
well all data comes from "one" source. All bitcoin nodes are "one" source, yet it is decentralized.

What matters is that bitcoin has consensus algorithm that is sybil resistant (POW). Chainlink does not. The scam is that they have no provably working "consensus algorithm".

>>14435534

To anyone with an understanding of this space there is no need to do this. They are openly scamming.

The comparison to IOTA was very good. No one bothers asking them how they plan to remove the coordinator anymore. Everyone with nay knowledge understands its never happening.

>>14435548
Of course I'm trolling you, retard.

>>14435555
>but it's probably the next best thing
it's certainly not the next best thing. They've made 0 research or advancement to solving the oracle problem. All they did was create trivial centralized oracles and got shittons of press for it.

No developer will ever use that.

>>14433236

>>14433236
Yea it’s a glorified Json parse

>>14435594
thanks just sold my suicide stack

if you want to understand chainlink just read these 3 articles on their blog. very detailed and interesting

https://blog.chain.link/the-power-of-smart-contracts-what-they-are-and-how-they-can-revolutionize-the-future/

https://blog.chain.link/oracles-the-key-to-unlocking-smart-contracts/

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

>>14435503
The big reveal is that an oracle can be integrated into an oracle? Are you stoned mate?

>>14435563
I’m making easy example for linkes to follow along with. Say for example a weather service, the only one in the county, says that the weather in Mozambique is 38 degrees, the Chainlink network does nothing to the real life validity of that figure, no other source exists.

What’s more is that blockchain and smart contracts are fucking MEMES. You all remember the last huge smart contract project right? Yeah it was called the DAO and it showed the world that Turing complete smart contracts are cancer.

>>14433236
classic

>>14433236
u can check eth price, its pretty cool desu.

>>14433333

>>14433333
heh....indeed. nice numericals,

>>14435742

>Say for example a weather service, the only one in the county, says that the weather in Mozambique is 38 degrees, the Chainlink network does nothing to the real life validity of that figure, no other source exists.

It's not like people carry around intricate sets of sensors in their pockets or anything. Admittedly, smartphones are probably mildly scarcer in Africa than in the developed world.

>>14435742
>>14435704
>>14435227
Fuck i've actually correctly assumed on how it would deal with false sources of data.

>>14435594
My quads suggest you're being disingenuous. Behold them.

>>14434309
man this is dangerous fud

Brainlet nulinkers will fall for this retard tier fud

>>14433236
It enables smartcontracts to fundamentally function on the blockchain which will bring rise to 4th industrial revolution in which the Jew techno aristocracy will merge with machines and then become ai overlords and use human as resource and expand through the cosmos, consuming everything until there is nothing but eternal empty void.

>>14435872
Learn to code brainlet. "multiple sources of data" is not a solution to Sybil. It's actually the main cause of Sybil attacks kek.

This is why Chainlink is the perfect scam to fool brainlets. They understand fucking nothing about the tech yet invest their life savings in it.

There's good reasons why Sergey avoids any communication with anyone legit in the space like Vitalik. Because as soon as Sergey opens his mouth to spout this nonsense, he's gonna get publicly fucking REKT by Vitalik and Chainlink valuation will drop to 0.

>>14435872

This is the most naive solution I have ever seen in my fucking life. If you actually believe just allowing random algorithms to be placed on top of the data sources solves the issue you're delusional.

>>14433236
It's literally and unironically just a medianizer

>>14435970
>>14435981
How much experience with coding do you have? What languages? How many years?

>>14434309
Based.

It’s a centralized shitcoin with KYC nodes

We needed it to get Jason Parser out of the blockchain.

>>14436066

Programming for about 11 years now in many fields. Been programming Solidity for about 2 years now and also working on game theory specifically related to oracles.

I can tell you with 100% certainty Chainlink is worthless.

>>14436108
Fuck i've heard this fud from a friend who also works in similar areas, but i kinda pushed in the back of my mind. To be honest you got a good point, if it would actually work, it would be priceless.

To be honest, i'm still going to hold on it, lets say we hear some good news in august and through the months till new year. I got in pretty early, and for my age got quite a stack. GO BIG OR GO HOME . :D

>>14433333
>dolphin.gif

Checked, fren

Just sold everything. Buying back at $2.33.
Thanks redditors and normans.

>>14433322
Fuck yes with those digits

>>14436460
.....they never learn

Can I get a link edit for this?

>>14434013
That's a good idea. Personally, I was thinking on Bingo cards for Nintendo Directs and using smartcontracts to give people prizes for clearing one.

>>14434508
>>14434645
>>14434908
>>14435013
>>14435051
>>14435180
>>14435548
>>14435580
>>14435981
>>14436108
Look at this salty pajeet swinglinker who lost his stack and is desperatey trying to fud to buy in lower. Youre so fucking blatant its pathetic. Keep gatekeeping with your pseudo programmer garbage. You fucked up by selling, its too bad that coinbase announcement fucking WRECKED you.

stay poor faggot.

>>14436483
>it will go up ad infinitum

>>14434508
>>14434645
>>14434908
>>14435013
>>14435051
>>14435180
>>14435548
>>14435580
>>14435981
>>14436108


Read this shit faggots.

https://medium.com/clc-group/nodary-oracle-certification-for-sybil-attack-resistance-6470a099b6db?fbclid=IwAR2D6Z7P0CNz3T-zQIYIn1trBw72I5VwEEHbsuHf3RzOmBF-lDKForLR0Tc

>>14433236
I don't know what it does. I only know the sound it makes when it takes a man's life.

it's a middle man. one who isn't needed or wanted but who's standing there with his hand out begging for money regardless, pretending to be important.

>>14433236
IT MAEKS BLOCKCORN REAL

>>14434022
>transparent fud trying to undermine meme magic

>>14433531
Why can't Ethereum just implement Chainlink's functionality into itself to avoid the need for an extra token?

>>14433236
yes. its a decentralized marketplace between all the blockchains (agnostic). 1k EOD lol