/biz/ - Business & Finance

>>14715723
respect

>>14715723

Been holding since SIBOS, but never realized that the total supply is actually going to end up being 650 million in circulation. The devs selling is the only FUD that got to me since then.

I still think it’ll go high, just nowhere near when people realize the total circulation is way off

>>14715831
>Been holding since SIBOS
Then you bought something you completely don't understand. You are panicking over 4 relatively small transactions that have happened over the past week, and you don't even know what the money is going to. You also just learned that Chainlink will be expanding their team, and yet you still think the devs are dumping. Hell, maybe those funds are being used for something much larger at play. Maybe those funds haven't even been sold yet. No one knows. But use some critical thinking and ask yourself why the the only crypto project ENDORSED BY FUCKING GOOGLE would be dumping their shit.

On another note, that 650,000,000 locked supply is extremely important to the success of the network.

>https://en.wikipedia.org/wiki/Sybil_attack
>A reputation system's vulnerability to a Sybil attack depends on how cheaply identities can be generated, the degree to which the reputation system accepts inputs from entities that do not have a chain of trust linking them to a trusted entity, and whether the reputation system treats all entities identically.

Nodes on the Chainlink network will not be treated identically (pic related, page 18 of whitepaper). The locked supply prevents the likelihood of a Sybil attack. For example, let's say they released 950,000,000 tokens instead of the current 350,000,000. If a few big players were to buy the majority of that 950 million, the Chainlink network would be completely fucked for all of eternity, as those players would control the majority of LINK, and therefore their nodes would be "trusted". This goes against everything that Chainlink aims to accomplish, which is why they are completely silent about that remaining 650,000,000 LINK. I personally believe that the majority of the 650 million is accounted for. It is going to be used to start up as many nodes as possible. The more nodes on the network, the harder and more expensive it is to conduct a sybil attack.

>>14715723
didnt read not selling

>>14715995
Based and linkpilled, fren.

Accidentally market sold soz

Explain this pls

>>14716032
Seriously? LINK has only been on coinbase for what, a few weeks tops? All of us have been using Binance from the start. That figure was only "2 days" just a few days ago. This also doesn't factor in transfers to private wallets. It's a complete bullshit metric.

Is it even possible to set up a node if I'm not some well established company?

Also, when the fuck is it even going live? They're still deep in alpha last I heard.

>>14716032
YOU MUST RESPOND TO THIS POST IF YOU ARE NEVER FUCKING SELLING

>>14715831
to add to OPs points, most of the supply will be locked away in nodes, im a small fish and i ahve 10k links for a node/for staking. did assblaster say that his firm bought millions of links?

>>14715723
I saw some anon say that the authority deciding how reputable certain nodes are will be a third party company. Wouldn't that make it centralised? Or was that lying FUD?

>>14716102
I'm completely immune to fud and jew tricks in general. Never fucking selling.

>>14716032
this metric doesnt consider me sending my links to my own wallet. why the fuck would i hold my links on an exchange? youre fuckign retarded

>>14716082
>Is it even possible to set up a node if I'm not some well established company?
Yes. Is it easy? If you have the time, money, and knowledge, then sure. I personally don't have enough technical knowledge to feel comfortable running my own node for the fear of losing collateral.
>https://docs.chain.link/docs/running-a-chainlink-node

>Also, when the fuck is it even going live? They're still deep in alpha last I heard.
Sure, the network is early. The reputation system isn't online yet. But would you rather wait until the chainlink network is has been adopted by everyone to buy LINK when it's $50+, or buy now before it takes off? Building a decentralized oracle is something that has never been done before, so it's a slow and careful process.

>>14715995
happy birthday

>>14715987
Show me one thing that says its endorsed by “fucking google”, outside of a blog post that highlighted multiple crypto(-and their potential use cases) along the course of the week

>>14716128
>I saw some anon say
Going to need a source for that information. As far as I know, this is complete and utter bullshit.

>>14716170
>https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud
Yes, because google just goes around giving examples as to how projects can be utilized on their systems without putting forth any research or fucks, right anon? Get real dude, this one is indisputable. Pic related, faggot.

>>14716220
>t. sub $1 Sibos fag

You are a hero. Fuck these fudding faggots

>>14716170
Lmao, imagine

>>14716220
....So you can’t? I didn’t think so. This is one of the most delusional things I’ve seen from this community, and is why i dumped @ $4.42. May re enter, but its going to take a lot of actual industry connections, and not this smoke and mirrors, thinking a janitor at google talking about 20 different cryptos, their potential use cases, and CL being one of them, as anything other than what it is... basically nothing.

>>14716280
Ah, so you're one of the trannies. I personally don't give a shit whether or not you want to swing, buy, or sell. Your money, your decisions. However, if you honestly believe it's all "smoke and mirrors", then you're the delusional one. You sir are indeed a street shitting piss-sniffing testicle licker.

>>14716145
when will my ropsten neet node be approved to go on explorer? and then mainnet meet node? and will I be able to be a part of the heartbeat to get those sick early payments?

>>14716280
>talking about 20 different cryptos
IT WAS THE FRONT PAGE IMAGE

>>14716339
Sorry anon, I'm not going to bullshit you. I have no idea. Like I said in a previous post, I'm not running a node at this time so I don't have any info for you. Hopefully someone else a bit more technically inclined can pitch in. God speed fren.

>>14716145
>I personally don't have enough technical knowledge to feel comfortable running my own node for the fear of losing collateral.

I assume a lot of people are going to think this, which isn't good for chainlink. Who wants to be constantly shitting their pants over comcrap crapping out on them and costing them huge sums of money?

>>14716313
So lets recap: in two comments, you’ve not only not been able to refute what I’ve said, I’ve reduced you to bumbling “ child speak “ like some 12 year old b tard.

> b-b-but gooogle blogged about it, as well as twenty other cryptos, not actual use cases, but potential ones, b-b-but mine is special, like me.

The.absolute. State.

>>14716371
Dilate. Faggot

>>14716354
>mine was on the front page
They did this for multiple cryptos each day retard, so yes, literally a different one was on “the front page” all week.

....All of you cant be this stupid.

>>14716365
It won't matter. This is what the remaining 650,000,000 LINK will be used for. It's not going to neets to run nodes, it's going to professionals who actually know what they are doing. And at the end of the day, when the chainlink network grows and expands, anons here will inevitably sell to people who ARE running nodes. That's the beauty of LINK tokenomics.

You are somewhat correct though. The more nodes, the more reliable and secure the network will be. But like I said, you will eventually sell to someone who is indeed running a node.

>>14716401
COPE

>>14716419
The only one coping will be you friend

>>14716436
Let me guess
> muh $1000eoy meme
>im never selling
>muh trillion dollar market cap eoy

My sides cannot take this level of hilarity

>>14716418
What are your thoughts on staking in a pool instead of outright selling?

>>14716472
I’m never selling, nailed it

>>14716102
I'M LITERALLY NEVER FUCKING SELLING

>>14716485
The more nodes running by different parties, the better off the network will be. The more LINK staked in nodes, the better off the network will be. More nodes means it is harder to set up a sybil attack, and there will be more verification for data. More collateral means sybil attack become much more expensive, and nodes will have more incentive to use accurate data sources, or they will lose that collateral. I don't know much about staking pools, but if they are only running one node, then that's all fine and dandy. If they start setting up multiple nodes, then this weakens the network as those nodes are essentially all the same identity. However, it does cause more LINK to be used as collateral, so it could indeed help the network. Pools also provide an easy way for neets to get involved in the collateral game, so there is that.

>>14715723
OG Pre Sibos Linkie here. Dunno if this has been answered since I sometimes take breaks from this board.

But does anyone know what staking gains will be like yet? Is it safe to assume just 5% per year gains or will they be larger than that? Considering most of us oldfags will become multi millionaires with Link, even 5% per year gains is a good yearly income.

>>14716102
Why would you sell? I honestly do not understand.

>>14715723
What's your target price?

Are there any app exchanges I can buy LINK from? Robinhood doesnt support it

>>14716604
>does anyone know what staking gains will be like

>Page 21 of the whitepaper, pic related
Staking gains are strictly based on network usage. There is currently no correct answer to your question.

>>14716650
I have no idea, but i'll probably end up holding for the next few years at least. I'm just a dude who starting looking at LINK back in 2017 because I decided to look at /biz/ instead of /g/ for once. Once I understood the capabilities of a decentralized oracle, I haven't looked back. If chainlink is successful, we're going to see amazing things.

>>14716652
I'm spoonfeeding, but i'm not changing your fucking diaper too.

>>14716652
Coinbase, Binance if you're not an American, or if you're an American that already had an account.

>>14716729
thanks, didnt know they an app too. been out of it

>>14715723
Why doesn't Eth have a native Oracle? (link being blockchain agnostic is given and moot)
T. Captain

>>14715987
This makes me think that www.smartcontract.com will eventually provide naas (node as a service) to retail node operators.

>>14715723
Why the fuck are LINK dev's selling their stacks?

>>14716856
It's been discussed by those related to ETH, but they can't build everything at once. They had their own issues fixing scalability and swapping to Casper, sharding, etc. I'd guess they would have made one down the line but ETH when you zoom out is still in its infancy. A smart contract platform was needed and that network now exists. LINK stepped in and realized the fundamental flaw in smart contracts being a centralized data source and are currently very close to solving the oracle problem. The point of ETH is to allow projects that expand adoption like LINK to exist.

>>14715723
>>14716980
referring to
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

>>14716856
Anyone can use an oracle. Oracles already exist. However, a decentralized oracle is what is needed. Read this dude's reply >>14716996


>>14716980
No one knows. Anyone here who claims to know is larping. You either trust that the chainlink team is being responsible with their LINK and funds, or you don't.

Presale holder here. Fuck the fudders we rode up from 20 cents now we here. Just can’t wait for the next double bc at that point it will be very hard for newfags to have an effect as they will be priced out. That time can’t cole soon enough holy shit

Is Quant a realistic competitor?

>>14715723
I'm moving to Japan and cashing some out at the beginning of next year to help support the move. You think there will be some healthy price action by then? I'd like enough to float for five years and buy a property back in Canada

>>14717024
>Quant whitepaper
https://www.quant.network/wp-content/uploads/2018/09/Quant_Overledger_Whitepaper-Sep.pdf
>ctrl+f "oracle"
>0 results

I'm going to go ahead and say no.

>>14717059
It all depends on network adoption. No one knows what the price will be. Do I think it will have increased from $3? Yes. On another note though, why the fuck would you want to move to japan?

>>14716856
Ethereum's design principle 4:

>We Have No Features: as a corollary to generalization, we often refuse to build in even very common high-level use cases as intrinsic parts of the protocol, with the understanding that if people really want to do it they can always create a sub-protocol (eg. ether-backed subcurrency, bitcoin/litecoin/dogecoin sidechain, etc) inside of a contract. An example of this is the lack of a Bitcoin-like "locktime" feature in Ethereum, as such a feature can be simulated via a protocol where users send "signed data packets" and those data packets can be fed into a specialized contract that processes them and performs some corresponding function if the data packet is in some contract-specific sense valid.

>>14716102
Never selling. My Linkies are super duper extra stinky fren

>>14717024
They aren't competing. QNT is about interoperability and connecting blockchains. Trying to be the "TCP/IP of blockchain". Also a payments system in Atlas and GoVerify for verifying authenticity of data. None of it is to do with a decentralized oracle network. If anything they compliment each other because QNT will allow smart contracts to be functioning between blockchains and LINK is blockchain agnostic because of external adapters. QNT connects it all and LINK will be there providing the data to every blockchain in existence.

>>14716404
These breadcrumbs are common in business when one wants to avoid looking like an inside trader.
Company leaks tiny breadcrumb, investors get the wink, backs are covered that information was public when elite investors got in early

Great thread OP though these nulinkers and discord fags will most likely ignore what you've said. Anyone whos been in on LINK prior to 2018 is not selling. We've been over fucking every detail and potential fault of this project.

>>14715723
I don't care how much money I make. I am worried about the cult of Saturn. And what this technology will lead to.

>>14715723
I'll bite.

Oracles are definitely the future of smart contracts, but what is stopping other companies from creating their own oracles? It's not exactly a complicated piece of technology and certainly not an original idea. Chainlink is first to market, yes, but just like the Hydrox cookie, an Oreo might show up and steal the thunder.

A larger, more reputable company like Microsoft or Google (despite the partnership) might also decide to set up their own oracle service in the not so distant future. This technology isn't patented, and while I respect Chainlink for being the first to hit the market, I don't see them as talented and reputable enough to dominate the world's demand for oracles.

And btw, I'm not selling. I just want to hear what /biz/ thinks about this.

>>14717415
based.

>>14716102
Never selling, only accumulating

>>14717416
It's already too late for them. The first working decentralized oracle service will be the one that makes it. So far, that's chainlink with absolutely no competition.

hey OP do you have the assblaster trips handy so i can cross reference what i have? been going back reading old threads to reminisce

>>14717475
Do you think there is price manipulation happening to keep link from reaching high speculative value?

>>14715723
Google announced no partnership you fucking brainwashed NPC. And no-one is buying your bags

>>14717475
Does link have enough nodes and enough of reliability to start handling big financial movements? I can see a future where chainlink or some other oracle is handling the world's smart contracts and all financial transactions, but it's too early for anyone to jump aboard with chainlink.

It's not FUD for me to say that for at least the next year, chainlink's business will be dealing with smaller firms with some kind of niche use for smart contracts/oracles. Not to mention that ethereum 2.0 is necessary for anyone to bother with smart contracts right now (unless Harmony One somehow works out).

In that time, any major firm can just steal chainlink's entire value proposition and market it more easily and more effectively.

I just want to hear WHY only chainlink can succeed. They've proven themselves so far with some impressive partnerships, but there's still a lot that could happen.

>>14717556
It's less of a partnership and more of an integration. Google isn't partnering with chainlink in the sense that it is somehow dependent on chainlink's value at the moment, but Google is nonetheless implementing chainlink into their BigQuery platform as an option. It's a big deal, relatively speaking.

Sometimes I think that between all the FUD memes and the hype memes, I alone am the only level headed person on /biz/.

:^)

>>14717486
pic related

>>14717521
Maybe, maybe not. I believe the big boys have something to do with the other 650,00,000 LINK.

1K suicide stack here. Will I be able to stake in a pool and accumulate wealth?

>>14717556
You people - what is your angle exactly? Are you retarded enough to actually believe they aren't working with Google? Google announced that they're using chainlink with bigquery - not the other way around. Is this something that you're just incapable of understanding? Should we be speaking slower to account for people like you?

>>14717591
good lookin out marine. stay stinky

>>14717572
>Does link have enough nodes and enough of reliability to start handling big financial movements?
Right now? No, which is exactly why the price is still this low.

>I just want to hear WHY only chainlink can succeed.
Anyone can succeed. If you can name one other project that is this close to achieving a decentralized oracle, I will gladly drop all my LINK and buy it.

>>14715723
How much Link does it take to make it?

>>14715987
JEWGLE needs to die tbqh.

Fucking orwelian pedo cuck fetishist jews

>>14715723
When will there be a mass rush to exit from btc flooding into link sending the price skyrocketing to 10k per?

>>14716128
There can be as many reputation providers as the market deems necessary. There will likely be a lot of them considering the variety of purpose-built smart contracts and oracles that are going to be built.

>>14715723

Who is expected to run Chainlink nodes? Currently their Oracle contract works in such a way that you must know the node address in advance so you will have to point to something specific.

Seems to me this means it is either pointing to a node you run and control or a node hosted by someone else rather than actually being anything decentralized.

Do yo I believe there is actually any decentralization? If not and you believe that is something in the future can you explain how given the current design.

I don't want to make it. I just want to get by comfortably. Will 350 linkies suffice?

is it actually possible for link to fully decouple from btc?

>>14717416

Having another oracle network is inefficient. Its not the same as having a few smart contract platforms that are trying to better then the last.

Having another oracle network is like having 2 internets to choose from. Its so complicated and cumbersome to try and choose the network you would like to connect with ETH smartcontracts and the next day use another oracle network to connect with Trons smart contracts.

So you see. Chainlink being the first and the standard is significant. There is no need for another oracle network as it would slow down development.

The only way I can see another oracle network surviving is if they bend the knee and join Chainlinks network like Oraclize has.

>>14718118

Oracalizeit is not and never claimed to be decentralized

>>14715723
What do you think is the realistic future usage potential for smart contracts? Seems like it'll be too expensive to support a block chain and SC network for the foreseeable future for most companies/industries to adopt the tech

>>14717973
we know it‘s you abdullah

>>14718136
I never claimed it to be decentralized, dummy.

>>14718151

The whole point of enterprises using Smart Contracts is because its more efficient and cheaper to use the manual labor.

>>14716102
NEVER EVER SELLING

>>14717572
You are measuring the competition for a decentralized oracle protocol against proprietary solutions some big company might come up with. The reason the proprietary solution can’t and won’t dethrone something like chainlink is that chainlink is building a standard that companies can leverage to monetize their data. There’s no reason for a company to build their own solution when they can just operate their own chainlink node. The end result is they monetize their data to smart contracts, they comply with a standard protocol that makes them easily publicly available, and they don’t have the costs associated with managing a complicated proprietary solution.

That’s why we say that everyone will bend the knee. Whether they know it yet or not, effective monetization of data to smart contracts will depend on the use of an open, public standard, and chainlink is the only contender out there establishing itself as the standard.

>>14716102
why the fuck not... i mean im literally only holding 50.

>>14716170
>chain.link
>ctrl+f "google"
>1/1 results

They've got balls to slap the logo on their website and say they're working with them if they somehow wouldn't be.

>>14718565
They are working. The adaptor to connect Bigquery with Chainlink has been developed by Google engineers.

> Has been confirmed by Jonny of Linkpool.

I’m going to shoot my Nembutal on livestream when link goes over 10$ and die for everyone’s enjoyment.

>>14718004
Nobody can say for sure. Tether could cause the implosion of BTC, or the Craig Wright shit, or something we can't even see yet.

>>14716472
Dilate

>>14717591
Can someone give a QRD on Assblaster? What were his first posts, and did he ever share any biographcal information?

>>14717416
>what is stopping other companies from creating their own oracles?
Nothing, some of them tried (mobius, iexec, witnet, etc) bit ended up bending their knees because..
>It's not exactly a complicated piece of technology
.. this is completely wrong, traditional oracles are no big deal but decentralized ones are a game changer, there's a reason if they refer to the solution of the oracle problem as the god protocol
>A larger, more reputable company like Microsoft or Google .. might also decide to set up their own oracle service
For what exactly? Again, a traditional oracle is no big deal anymore and a decentralized one, well, requires decentralization. Something that a big company can't have by definition and design. Example: do you think that Facebook's Libra will be decentralized? Fucking kek, there's no alliance that can make a Facebook coin decentralized in reality and we all know that
>This technology isn't patented
You probably would like to look up the patented 'chainlink' term and what's inside that trademark, just saying
>I don't see them as talented and reputable enough to dominate the world's demand for oracles
Who knows, but for now you have the most professional crypto team in the scene, you literally can't ask for more

>>14717416
>>14717556
>>14717073
exhuberently the metachain data provider offchain regulatory system of the erc20 smart contract approval mechanism needs to be superior to the hashrate transaction speed.
if this can not happen link can't become the standardized oracle solution to the off chain integer market occuring decentralised specs., hence staking will not be profitable unless the nodes can verify real throughput from the metachain oracle service provider.

you brainlets will never understand this technical flaw.>>14717219
9>>14717572

Question 1.
What is the best way for me, an American stock market investor with an IPhone to gain exposure to Chainlink?

Question 2.
How will Craig—I mean satoshi be reimbursing me for these losses?

With a stock I’ve been using a new rule where generally I don’t sell at a loss. Almost every stock I’ve bought has come back from major losses, or roared higher than when I sold. So I’m inclined to wait this out, but crypto is weird. This really could just die and stay dead, huh?

>>14716418
Or joining a more pool like linkpool, yeah?

>>14716371
ewwww anon you’re talking kind of creepy.... and weird

>>14718861
He was the first Prophet, Assblaster(PBUH)

Claimed he was high up in a European financial institution and basically got early linkies thinking back in 2017/2018 that there were major league players involved with Sergey and Chainlink. That they were nurturing an environment for it's success, and that it is destined to become paramount to the 4th Industrial revolution. Any time there was an AB thread biz would loose it's collective shit in anticipation of what he would say next.

NoLinkers, already pissed off with the constant Link threads, tried to dox AssBlaster and then he vanished.


Time will tell if his theories were right. But so far, so good.

>>14720019
AssBlaster is in all of us.
We are AssBlaster.

>>14720019
I think Assblaster undervalued LINKs max price. If what I am hearing about the derivative market is correct, then LINK unironically can reach 1k USD+. 150 USD seems low for something that will he at the helm of the Data Economu

>>14719446
pathetic. you could be in the gym right now. you could be creating something, or forging stronger relationships with your friends and family

but you chose to type that

>>14720087
Imagine you attend a meeting in the while house and you wear a shirt that shows cleavage.

Purely hypothetical if by any means the same standards were to be applied for male and roasties alike.

>>14720130
Assblaster made most of his posts in late 2017. We had no fucking clue about derivatives or half the other shit we know about Link now back then. Of course he's wrong.

>>14715723
Does the LINK being sold from dev wallet join the circulating supply? This would affect mcap on CMC.

>>14720382
Those Link are part of the original $350mm

The Chaincoin PnD dude is shilling LINK. How bad is this?

>>14716170
There are actually 3 blogposts about LINK by google and 1 video.

>>14716365
So get an insurance contract with Comcast so you can profit from it instead

was it stupid putting 25% of my net worth into link at $3.25

i'm convinced this shit is the future

my accountant said this was dangerous and irresponsible

Good thread. Few of my questions were cleared up regarding proprietary oracles that I hadn't considered. Also if you're reading this dilate.

>>14718047
Individuals, or groups, perhaps companies operating who use Chainlink as a basis for their business. Decentralization is the future, which is a hard pill to swallow in a world of hypercentralized multinational globohomo companies like Google, Facebook, etc. Once you realize that the fundamental values of trust, privacy, and security have been tossed-out by these companies, you will see the light and the desire for an alternative. Chainlink, unless some competitor appears out of nowhere, is well-poised to be the future framework of this revolution.

To not hold link is retarded. Crypto is more or less gambling and putting your money where your mouth is, but link is about as promising of a project as it gets. It isn't reliant on hype, it has a proven product and a prove use-case. And as for the value of link? Remember that the value of a network is dependent on the number of connections it has.

>>14721435
Rape your accountant broh

>>14715723
How difficult is it to maintain a node to start staking my linkies?
How risky is it?

I'm currently kneedeep in this --> https://docs.chain.link/docs/running-a-chainlink-node
I've ran some servers before (but never ETH) and it doesn't seem _too_ hard. I'm still afraid I'll fuck it up some requests and lose them.

Obviously I'll try running on a testnet first.

>>14721619
ok got it

>>14715723
Why is it's marketcap still VERY low compared to it's potential? Since it's already being tested by SWIFT, Google collab, World Economic Founder mentioned it in his book, US military and DHS have mentioned it... Why wouldn't they have staked yet? I've read an old post by Assblaster explaining why it's so cheap but I forgot it/didn't fully understand it.

>>14721736
And how many are needed to stake so it's doing more than just increasing the electricity bill?

>>14716102
NEVER

>>14716102
Just plum not fucking selling.

>>14715723
How does Chainlink fetch data that is human in origin, i.e. not software/hardware related? Can it act as a human oracle or does it connect with one that is?

Is it true that the price is dropping because of transfers to wallets and not because of selling?

>>14715723
I joined the LINK train last month, mostly because I didnt know about It and Im a poorfag.
Wish me luck

>>14721839
Hum...

>>14721849
Good luck, fellow linklet here.
Also poorfag, fomo'd a few pennies.

>>14721755
BUMP

>>14715987
>keeping 650m to act like a central authority
LMAO
completely negates the point of decentralized blockchain
what a fucking scam and totally pointless

all the fud and talks of a scam is unironically bullish as fuck

it's exactly the same as eth

we're gonna make it lads

I have a friend that just bought Link recently. The thing is I have been telling him about crpyto for years and he literally fomod in at the top only because he saw me making money (despite the fact that I warned him that the price would most likely come down.) Anyone else have an IRL brainlet in their life?

>>14716102
NEVER EVER unless it hits 1k

>>14722394
K E K
E
K

>>14715723
I have ~500 LINK.
Will I make It?

>>14722477
Half a mill is enough.

>>14716102
Dab on em swingies

>>14722343
I hope you are not talking about me, fren

>>14722487
I want to node too, when they make It available.
I want to reach 1k at least.
Thanks, fren

>>14716032

FUCK YOU, NULINKER.

YOU WONT GET A SINGLE FUCKING TOKEN FROM MY IRON HANDS.

I CANNOT EXPRESS HOW UNMOVED I AM BY THE WEAKNESS OF THE COINBASE BABY HANDS.

My career likely won't exist in 2-3 years time. I'm earning okay now but my days are numbered.

If Chainlink is just a big speculative meme shitcoin, someone please have the decency to tell me. I am betting my future on this goddamn thing!

>>14722343
Yup. My roommate. I don’t even want to talk about it to anyone else because I fear they’ll do the same.

>>14716102
never.

>>14722715
>>14722343
The (((mentality)))

>>14718151
>What do you think is the realistic future usage potential for smart contracts?
Smart contracts could have prevented the 2008 housing market crash single handed.
>>>/biz/thread/S14695979#p14696562

>>14718383
It also eliminates the need to trust the other companies you are working with. They can't fuck you over or bullshit you.

>>14719446
>metachain data provider offchain regulatory system of the erc2
Literally just a bunch of buzzwords with nothing meaningful.

>>14720382
Maybe? Maybe not. Who knows, maybe that LINK was deposited to Binance and then withdrawn to other wallets belonging to companies planning on running a node. This way no one would be able to tell which wallets belong to these companies.

>>14721755
Because you're still early. LINK will only be as valuable as the chainlink network. As of right now, the network is small (but growing).

>>14721836
Can you ellaborate or give an example?

>>14722624
It's not a scam. Anyone who says it's a scam is too busy losing 10% a day swing trading shit like BRAP, TRX, and LIT.

>>14722624
Figure it out

>>14722343
Did he panic sell?

>>14723570
>How does Chainlink fetch data that is human in origin, i.e. not software/hardware related? Can it act as a human oracle or does it connect with one that is?
>Can you ellaborate or give an example?

Sure. Is there a mechanism in play that can bring data to the chain that is not software or hardware in origin? For example pulling a price on a specific asset from various exchanges and building a consensus on the price to put on the chain is one type, having multiple temperatures sensors in a room and building a consensus out of them for the final temperature before putting it on the chain is another. But is there any way ChainLink acts as (or interacts with) a human oracle, that is e.g. 10+ people submit an answer (66%+ need to be identical for a viable consensus to be reached) or possibly average out all the answers if possible, build a consensus and put it onto the chain. I worked in a human oracle startup and while we were onto a promising start it all eventually fell apart, but what we found out is that human oracles are perfect for unstructured data like insurance claim evaluations, face or sarcasm detection, audio recognition etc... I'm not entirely sure how CL fits into these

>>14719755 (dubs)
Uhhhh... no one?

>>14723708
Ah I gotcha. So I'd say yes, it is possible. Chainlink nodes are going to be pulling data from different feeds. If a human is inputting data into that feed, then the nodes can pull from it. Hopefully that clears it up?

>>14723754
But how does it know if that specific human's input is truthful? How does it prevent abuse in that case? One thing that does come to mind is it would require dozens of human feeds all reporting on the same piece of information and then building a consensus out of it

>>14723856
It doesn't know if it's truthful, and you're right, it would require a bunch of human feeds. Any company that uses the chainlink network will know this though, and more than likely won't be requesting this data without knowing that it's probably not 100% accurate. Like you said, insurance claim evaluations are done at a human's hand. That type of stuff is probably not going to smart contract usage, at least without further technical aspects that I don't know about. The insurance use cases that people usually talk about on here are ones that can be automatically executed (not by a human hand). So yes, it's possible. But would anyone requesting data rely on that information being 100% accurate and decentralized without enough parties inputting data? No.

>>14723925
Alright, that clears a few things up for me. Thanks for the answers mate, appreciate it

>>14718861
>ASSBLASTER FIRST POST - 11/08/17
https://yuki.la/biz/4246712

>ASSBLASTER 2 - 12/06/17
https://yuki.la/biz/4801212

>ASSBLASTER 3 - 12/10/17
https://yuki.la/biz/4940260

>ASSBLASTER 4 - 12/13/17
https://yuki.la/biz/5013990

>ASSBLASTER 5 - 01/06/18
https://yuki.la/biz/5989877

>ASSBLASTER 6 - 01/12/18
https://yuki.la/biz/6350294

>ASSBLASTER 7 - 01/17/18
https://yuki.la/biz/6560973

>ASSBLASTER 8 - 02/12/18
https://yuki.la/biz/7569209

>ASSBLASTER 9 - 02/17/18
https://yuki.la/biz/7736231

>>14723925

Quick comment on these?
>>14721736
>>14721766

>>14724189
If you feel comfortable running a node, then run one. It's take a bit of technical knowledge, but I'm sure any autist on here could figure it out given enough time. As for how much LINK to stake? That is going to be completely up to you. It should depend on how much LINK is staked in other nodes on the network. If every node only has 500 LINK staked, then your 10k LINK would be huge. If other nodes have 2.5 million LINK, then it's not so much.

>>14724037
sweet post, anon

>sub 1$

Oh cmon. Sub 0.3$ for +120iq people would be more interesting.
If ur average price for link is more than 0.40$, u dont understand chainlink at all.

Okay average can be higher but if u disnt buy more than, well lets say 5k under 0.4$, u are not gonna make it for reason x or y.

Op will confirm this, 110% sure.

>>14724637
My average price for chainlink is $0.50 and I know more about chainlink than 90% of this board. I originally did buy around $0.30 though and bought a lot more at $0.60ish. You are right though, anyone who understands how disruptive the first successful decentralized oracle will be would have bought earlier than 4 fucking dollars.

>>14716102
I got my linkies for free. Why would I sell? I like watching it go up n down. Down is more fun than up.

>>14715723
How can I get Free LINK and more LINK for less?
Poorfag here

>>14716684
Haha same thing happened to me. We were called to link

>>14724037
Saved thanks brah

>>14724778
Yes that's why I fixed that average cost can be higher, coz u buy more after u have bought in sub 0.5$

My best buy was at 0.16$ , but only 2220links there and at 0.18 some 1200. As a student didnt have bolls to throw more student debt there, but that paid already back well.

And no, not selling yet. We are just warming up, in terms of real usage of smart contracts and oracles.

>>14716280
What the fuck is wrong with you? Why would Google write a blog post (which is essentially marketing) about a scam ICO, and allow themselves to be subject to the SEC’s inquiries? Get real man.

>>14725556
For sure man. I'm also a student but my college is free as fuck so I had a lot more to throw down.

>>14725632
Ya my degree is 100% free but living here is expensive.

Where do u come from?

>>14717572
floor

>>14721736
I got one up and running but had some backend errors
Sysanon here I use docker daily and can speak DEVELOPER

>>14715723
I have around $10k I'm thinking of putting into cryptocurrency for the long-term. The vast majority of my assets are in traditional investments (stocks, ETFs, index funds for the retirement accounts, etc.) so any crypto would be a small part of the picture for now. I'm not risk adverse. If it does well, I might start putting $15-20k a year into crypto.

I see crypto as just another type of risky/speculative asset that I can diversify my portfolio with.

Why should I buy link instead of BTC/ETH/insert-shitcoin-of-the-month-here? What's the elevator pitch?

To be honest, I only give a fuck about the technical side of link (or any other coin) to the extent that it supports the coin's market price and potential growth.

>>14715723
I’m not smart but Im smart enough to know when someone’s bullshitting and I know Chainlink isn’t bullshit.

I understand Bitcoin but Chainlink is a bit tough for me. It’s not a currency, correct? So why does it need to be a coin? Can’t they develop the smart contract technology without coins?

>>14725750
I live in North East US.

>>14725825
>Why should I buy link instead of BTC/ETH/insert-shitcoin-of-the-month-here? What's the elevator pitch?
First of all, BTC is only valuable because it is the first of its kind. Many other coins do what bitcoin aims to do much more efficiently. ETH is better in the sense that it was the first platform to allow smart contract execution. This is something that wasn't possible on BTC, which is why ETH gained so much value. LINK is now expanding on ETH and allowing those smart contract to utilize real world data, instead of data that already exists on the blockchain, or data input by a single party. Right now, ETH smart contracts can use on-chain data to execute smart contracts. This is damn near strictly in the form of token prices and transactions. Chainlink will allow smart contracts to utilize ANY data. This includes insurance and derivatives. If you would like an example as to how chainlink can be used with derivatives, read what i posted here
>>/biz/thread/S14695979#p14696562

>>14725862
You are correct, it's not a currency. It's a currency in the sense that it uses some of the same code that other currencies use, but the technical implementation is way different.

>Can’t they develop the smart contract technology without coins?
No. There needs to be an incentive for node operators to run a decentralized network. Take Ether for example. Ethereum runs on a Proof of Work consensus, meaning there are people out there using machines to compute all transactions made on the network. With enough of these machines, the network becomes decentralized. These machines cost money to run, and the electricity bills are massive. In order to give a reason to keep running these machines, gas fees are put on every transaction. This "gas" is used to pay those machines. Chainlink operates in a similar fashion. In order to send a request through the chainlink network, you must pay LINK.
con't

>>14725972
These node operators will then send you the shit that you requested. If there was no incentive to run a node, then there would be no reason to run one in the first place. Think of LINK as a plane ticket that you can transfer to another owner. A plane ticket isn't recognized as a currency, but it does have value as it allows you to board a flight. LINK will allow you to make requests on the network.

>>14726008
To expand further, here is a bit more on smart contracts.

>https://en.wikipedia.org/wiki/Smart_contract
>Smart contracts allow the performance of credible transactions without third parties.

In order to have a credible transaction without third parties, you need a decentralized network. In order to maintain a decentralized network, operators need an incentive to run nodes. If you were to remove all nodes and decentralization, then you no longer have a smart contract, just a contract.

>>14718861
he actually was a confirmed larp but he was good at it, which is what biz is all about. Trust no one in crypto. they're all out to see you lose

>>14716102
IM NOT SELLING

>>14725972
I appreciate the answer. I'll read more into the smart contract topic as that seems to be an important aspect to educate myself on.

>>14715723
So what about >>14724625, is there any truth, has Chainlink already been outed as a literal tulip?

>>14716072
Binance doesn't let me join, are you just using Proxies if American?

>>14715723
https://etherscan.io/address/0x201256a385e4af033f367fc646f9132ee13c8705#tokentxns

What does this all mean?

Are they preparing 50k stack nodes??

>>14726775
Use coinbase you braindead degenerate.

>>14726731
Yea, there's truth in there, but also a lot of bullshit. Whoever made those posts is assuming the network will be small enough and not resistance enough to allow for sybil attacks. In other words, he's wrong. He's also wrong about this specific line
>Their reputation system is just a list of nodes with stats.
The node will have stats, but they will also have far more than that. His entire argument is bullshit, but it's bullshit that makes sense if you don't know anything about chainlink. Read about the reputation system on the whitepaper on page 18.

>>14726789
>Are they preparing 50k stack nodes??
That's my guess. They could be sending to binance and then immediately withdrawing to different wallets in order to completely obscure which wallets are actually receiving LINK. If they were to send 50k LINK directly to another wallet, then autists would be watching that wallet and every transaction made like fucking hounds. Keeping your wallet(s) address unidentified is just another safe way to go about business.

Or they may be preparing for something much larger. After completing more work on a project than literally any other project after Eth, it's hard to believe they are actually trying to dump for some easy cash. I mean shit, steve looks like the type of dude who actually wants to accomplish something instead of banging hookers and snorting blow.

>>14725972
What do you think of Quant going for interoperability between platforms?

>>14726978
I haven't read through all of the whitepaper, so I really don't know what the fuck it does. I will say this though, the first platform to create a working decentralized oracle will be the biggest crypto project of all time. Last time I checked, quant isn't doing that.

>>14726943
Without some type of mixer, it isn't truly obscured though. We can completely follow the funds. I am taking 3 XR addys on sunday and documeting all transactions.

Follow the money they say.

I heard Steve started smoking too much weed again.

>>14727033
>it isn't truly obscured though
how so? If they deposit 50k LINK to binance, then slowly withdraw to multiple wallets in random amounts, and those wallets are ultimately owned by one party, then it's damn near impossible to figure out who the funds belong to.

>>14726978
QNT has a centralized treasury function. Project null.

Paywall hypetech.

Only thing they have going for them is that Shillbert supposedly took part in an ISO standard.

>>14727058
I guess if they truly plan on splitting the stacks up further on Binance, you are correct.

They have probably been anticipating this move for some time now, and put their heads together as to the best way to maneuver this interesting movement of tokens.

>>14727096
I can't imagine after all of the non-hype and careful work they've put into this project, that they would take shortcuts on an extremely simple step.

>>14717644
Mobius unironically succeedes, but Satoj and Vishnu stopped them from releasing it because decentralized oracles are jewish.

>>14727177
Doesn't this implicate CZ a bit too much though? There is still KYC. Perhaps this is more a Chainlink x Binance thing than anything else?

>>14727261
Now you're getting into things I know nothing about. Honestly, it sounds like a big conspiracy.

Thank you OP for spoonfeeding us brainlets.

>>14723856
Literally creating our new ai overlord

>>14716102
I don't even check the price on my link anymore. Please wake me up when its 10 dollars

>>14727301
Not really meant to be conspiratory, so much as observational.

Who knows.

I trust the team either way.
>Ari Juels

>>14727995
Go here and read this thread/reply
>>14727279

My biggest fud about this project is about the staking thing
I still did not understand how it works, and frankly if one doesn't have a huge faith in the team, this part could look suspicious
Why in the first place do anyone want to let them rest in a wallet or whatever?
If I understood it right, the token works like BNB. The supply is fixed, when the token is "used" some part of them gets burned and goes out of circulation.
That makes the token deflationary
So what means "earning more tokens by staking them". Where do these new tokens come from if the supply is fixed? And why would anyone beside the owner have any benefits from this?

>>14728633
Brainlet

Using link network costs LINK -> node stakers get that LINK

Supply stays the same but LINK moves around

>>14728633

>>14728633
>My biggest fud about this project is about the staking thing
>I still did not understand how it works

This isn't FUD, this is just you being a brainlet. You have to go back and read the whitepaper. If you can't handle that, then please sell.

>>14728724
>>14728752
But why would anyone benefit from Anon staking his tokens?

>>14728910
You're essentially asking "What is Chainlink?"

>>14728963
I really think we are talking about tokeconomics here and not about tech
So there isn't a "short" reply to the question: why would the ecosystem benefit from Anon staking his coins?
I'm not asking the benefits for Anon, this is clear (getting more tokens)
Anyway you guys I'm right, I'm kinda a brainlet, but I really think I never got a clear explanation for this

So the only piece of FUD that has ever got me to not buying this shit back int 2018 when the memes were overflowing here was
>Is there going to be a mainnet
Is it? Is it not? I know LINK is agnostic, I get that, but I want to know, is in the whitepaper anything talking about a potential mainnet?

>>14729052
More LINK means more collateral and more reason to give accurate data. Because if you don't give accurate data, your LINK will be taken away. Therefore, more LINK means you should be more reliable than nodes with less LINK.

>>14729187
>Is there going to be a mainnet
Mainnet is already out dude. Pic related
>https://docs.chain.link/docs/decentralized-oracles-ethereum-mainnet

>>14716102
NEVER
SELLING
SUPER
STINKY
IN
COLD
STORAGE

>>14728963

InformedAnon, you need trips. visit us again soon. this has been enlightening.

>>14729362
>>14729413
Damn now I understand this
Thanks man

>>14729458
trips are for faggots. If I make another thread or post in another thread, I'll use the image I made in the OP.

>>14729455
how do I cold store link?

>>14729554
Put the paper with your keys on in your fridge
Upvotes to the left

>>14729413
Well, now I have even more questions.
Why is LINK an ERC20 token then?

>>14716418
Couldn't we just agree to stake our link on a nide for a fee?

>>14729518

Ok F-Rekt

This is by far the most interesting Chainlink Thread in a while.

Thanks OP

>>14718483
Criminally underrated

>>14729581
Why not? The technology is already there. If everyone started from the ground floor for every project, we'd still be living in fucking tents. Not only is it ERC20, but it also has ERC677 functionality. Pic related.

>https://github.com/ethereum/EIPs/issues/677

IM GOING TO BUY 100 LINK

DON'T TRY AND STOP ME. IF THIS IS A SCAM THEN I FELL FOR IT AND AM READY TO ADMIT IT AND FACE THE CONSEQUENCES

IM TIRED OF BEING A NOCOINER AND NOLIKIE

100 LINK

I'M GOING TO DO IT NOW

Some people that say the people at google, oracle etc. that are writing blog posts and the execs on twitter like docusign are just trying to pump their own bags. They are really trying to get the word out there so they can get enough people in the network to utilize chainlink for what it's for.

>t. 2017 hodler.

>>14730123
OK, VERY GOOD!
WELCOME ABOARD!

This topic is a huge waste of space. It's very simple, look at what is ranked above chainlink on CMC and tell me one reason why link won't be in the top 3 by 2020.

>>14730123
>IF THIS IS A SCAM
You can put your head to rest, it isn't, it just highly speculative, like everything in this space

>>14716102
never fucking selling. fuck the jewery. super stinky 10k EOY 2020

>>14726039
Isn't the decentralized network still a 3rd party?

I have a question, how will the 650,000,000 other tokens actually enter the market?

What's the current real circulating supply now devs are selling uncirculated on binance?

>>14715723
Is there a way to convince whales to donate me some LINK?

>>14730600
Nobody knows. But the least probable possibility is being sold on some sketchy exchange dumped onto the market. My bet is on donated to start ups through some lottery or competition. Maybe OTC sells or used by a smartcontract subsidiary company that runs nodes

>>14716032
NEVER SELLING NIGGER

>>14730614
>>14730709
It's not being sold.
>https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca#balances
Look at wallets 12-17.

I'd imagine a portion of it is being slid to other wallets as well. You can throw shit into binance and then withdraw it to completely hide which wallets you are sending funds to.

>>14730600
Pic related is the only information we have.

enough with the stupid link threads for gods sake

>>14730903
Didn't drunkanon or some other larper specifically mention this was going to happen some months ago?

>>14730945
I believe so, but I don't have any of the shit capped except for some assblaster stuff. However, anyone with a brain and a working hand could have confidently guessed this.

>>14730651
kneepads maybe

Okay, I'm of the opinion that Chainlink is just another device to gamble and has no real world solutions. Any time I challenge one of you faggots to elicit a good use, I'm told by brainlets "hurr durr read whitepaper" which also doesn't convince me of anything.

Let's make this really simple.

Anon A has business 1.
Anon B has business 2.

Chainlink offers to partner with businesses 1 and 2. What businesses are they and how does Chainlink persuade anons A and B?

No one has ever been able to come up with a simple answer to this simple question and they make every excuse in the book not to do it.

>>14731104
kek, go read the whitepaper

>>14731104
Lol

>>14731104
This is a joke right?

They don’t need to persuade anyone. Both businesses realize the inherent benefit of never having to worry about the other business pulling through. Things are contractually sealed from day one and verified on a blockchain that cant reverse.. in real time ... instantly .. they simply harness USD and the adapter switches it to LINK without them even realizing.

I honestly wonder why the fuck I still browse this place. I’ve been here since pre-ico.

>>14731129
>>14731149
Point proven. Enjoy your dying coin with no uses.

>>14731104
Are you by chance retarded?

>>14731175
I gave such a simple question. Why is it you're making every excuse (like I predicted) to not answer it? Enjoy your shitcoin.

What businesses are they and how do you convince the owners?

>>14731176
Sure sucks still being up over a quarter million.

>>14731104
>What businesses are they and how does Chainlink persuade anons A and B?
1. Insurance.
2. Derivatives.

Insurance:
>Buy flight insurance.
>If your flight is delayed, you get $1,000
>Flight is delayed, insurance has to confirm it was delayed.
>Multiple sources claiming different status on flight.
>Man hours and money poured into finding out if the flight was delayed.

Now replace this with smart contracts.

>Flight is delayed
>Push a request through the chainlink network
>Nodes come back and say "Yes, it was delayed"
>Contract is executed and payment is automatically dispersed.

Derivatives:
>>>/biz/thread/S14695979#p14696562

Just because you're too fucking stupid to read the whitepaper and realize the use cases of a decentralized oracle doesn't mean it doesn't have any. Instead of "challenging faggots", how about you go read wikipedia for five minutes and figure it the fuck out.

>>14731187
Another retard who can't answer a simple challenge.

This thread was supposed to be redemptive to your dying shitcoin and several of you refused to answer an absolutely simple question. Point proven - see ya and enjoy your dying shitcoin, brainlets.

>>14731196
Sure sucks not providing proof for your blatant larp.
See ya round 2 bucks next week fag.

>>14731176
exactly. linkies are fucking retarded and when pressed none of them understand shit beyond 'muh derivatives' even though none of them even know what derivatives are.

>>14731233
God i love that i have a big enough stack that people think i am larping. Thanks anon, you made my dick hard

>14731233
>42
>5:40pm
Hey look, the wagie just got off work.

>>14731225
>>14731243
please see literally any of my posts in this thread. Including the one where I just answered this roody poo's question.
>>14731198

>>14731104
how did the creators of the internet partner with google and convince them to use it?

>>14731246
godspeed anon :)

>>14731233
>>14731256
that's not 42

>>14731198
>Buy flight insurance.
Okay, sure.
>If your flight is delayed, you get $1,000
Right, great.
>Flight is delayed, insurance has to confirm it was delayed.
>Multiple sources claiming different status on flight.
So a bunch of autists who can't wipe their own asses concoct imaginary problems and invent pointless solutions to them and attribute pointless value to the pointless solutions, like this retarded "problem"? A fucking half-literate monkey working as an admin in an airport could disseminate answer on flight status.

What's next, Chainlink for buses being two minutes late? You guys are all absolute retards.

>>14731243
Pretty much. They fold whenever they're cornered. What a pointless "technology" for imaginary problems. Ridiculous idiots, LMAO

Enjoy your dying shitcoins

>>14731287
How do you know it isn't Craig Holmes?

>>14731300
discord trannies are getting meaner

pic related for any nulinkers browsing

>>14731300
You seem to misunderstand the entire point of smart contracts. If you were conducting business and your currency could automatically cut-out the middleman, leading to an increase in efficiency and cost, wouldn't you leap at the opportunity?

Stop being a fucking retard. Go say this shit on reddit or something if you want approval.

>>14731324
>>14731262
Even more people avoiding simple questions and challenges - beware to all who are considering buying this pointless tech.

>>14731300
>A fucking half-literate monkey working as an admin in an airport
It's an example. Don't ask questions if you're not even willing to consider the answer. Would you like another example for insurance?
>https://www.jumpstartrecovery.com/

how about some more explanation?
>https://medium.com/smartz-blog/how-smart-contracts-can-change-insurance-2341d551aa47
>pic related

>>14731349
And because you're a fucking retard, I'll clarify that the "middleman" is the security aspect. Chainlink automatically secures contracts without having to rely on a third party in-between.

>>14718383
>The whole point of enterprises using Smart Contracts is because its more efficient and cheaper to use the manual labor.
yes thats the point, but theyre not cheaper yet, the hardware and upkeep of hosting a blockchain network is way more expensive

>>>/biz/thread/S14695979#p14696562
thats not how smart contracts work. The contract doesn't supply a rating it simply executes terms pre-agreed upon by both parties and executes once a condition is reached.

>>14731324
>discord trannies are getting meaner
understandable, Timo and his trannies have become victim of their own greed and a well played larp.

>>14731349
>You seem to misunderstand the entire point of smart contracts
You seem to misunderstand the point of a simple question. Anon A owns a business. What business is it and how do you convince him?

I got one answer related to insurance and it was a retarded one that I already refuted. Give me a simple answer to a simple question or fuck off, brainlet. Enjoy your shitcoin.

>>14723570
>>14731373

>>14731300
I genuinely don't understand what is hard to grasp about the value proposition smart contracts bring to the table. Of course existing methods for transaction work reasonably well, but if these processes can be further automated in a trustless way they become cheaper, and businesses are of course trying to get rid of any overhead they can to maximize profit.

Some companies i have worked for in the past outsource their payroll, they pay for a service to handle paying their employees wages. At a large corporation with millions of people employed, how much do you think they pay each year solving the problem of paying their staff? Imagine a world where the entirety of this task is automated with a smart contract.

>>14731380
You didn't refute shit. How about fucking Oracle or Google? Surely they aren't more intelligent than some bittersweet retard who can't afford to buy-in.

>>14731373
>the hardware and upkeep of hosting a blockchain network is way more expensive
No, it's not. Not at all. Because the nodes are ran by multiple parties throughout the world, and their expenses will be paid for in LINK. It's WAAAAAAAAAAAAYYYYYYYYYY cheaper. We're talking pennies to the dollar cheaper.

>>14731373
>thats not how smart contracts work
That's absolutely how smart contracts will work if it is written to do so, and that data will be provided by a decentralized oracle. Hmmm... who has the most mature decentralized oracle service in the world?

How many years have you guys on Discord been fudding? Almost 2 now?

>>14731403
And I genuinely don't understand what is hard to grasp about the point of my simple question - it's not to learn about a broader truth about a proposition - it's to get into the nitty gritty on why it might work for a very specific scenario in a business.

Either give me that scenario or fuck off and continue to not be able to answer a simple question, faggot.

>Imagine a world where the entirety of this task is automated with a smart contract
You'll be imagining for a long time. Go ahead - tell Anon A who owns Business 1 how Chainlink will automate his payroll. You won't. All you'll do is fantasize in broadness and fold whenever you're cornered into having to explain specifics like a dolt.

>>14731422
Then tell me where I was wrong, you retard.

>>14731450
Are you not going to read my response? I will respond to literally any question you ask you faggot fuck.

>>14731423
>No, it's not. Not at all. Because the nodes are ran by multiple parties throughout the world, and their expenses will be paid for in LINK
Link doesnt have it's own blockchain network so you also have to factor in the costs of whatever platform its running on.

>That's absolutely how smart contracts will work if it is written to do so, and that data will be provided by a decentralized oracle.
That is not how smart contracts work or will work. A smart contract doesn't create data it reads it. In regards to the 08 crisis mentioned in the link, a SC would still be reading the ratings provided by the rating agency which wouldn't have prevented the crisis. That would defeat the entire point of LINK, which is to transfer data to the SC.

>>14731459
No, you`ll avoid it like all these other retards. Imagine if you came to pitch your business to someone and they asked you "Why is it specifically helpful?" and you gave them two URLs and a picture, which is what you did to me. You fucking brainlet. You should be able to give a simple answer to a simple question, which I predicted in my first post that none of you would.

>>14731493
>>14731450
Stay poor

>>14731450
>Go ahead - tell Anon A who owns Business 1 how Chainlink will automate his payroll.
https://www.youtube.com/watch?v=Qy3SVBnrZk4&fbclid=IwAR3AjDWe8paSPRkIEc1XPFip6VIN8qau1WT2IxnMVzymUkZpqkfwCLfebug

Here you go.

>>14731493
they don't answer cause they can't, it's a proven scam

>>14731544
Another retard proving my point. Chainlinkers are purely gamblers who can't give one simple, real solution, proving my point yet again.

That's it for now. If you're new and reading this exchange, just beware that I got like 20 replies and not a single one was able to give a straight answer to a simple question. Don't buy this piece of shit coin. Stay far away and let it die while you laugh.

<3

>>14731471
Eth is already decentralized and adopted. No one has to worry about your first point.

For your second point, you're simply not looking deep enough.

>Nodes are requested to pull value of underlying asset
>Network decides that underlying asset is not worth very much.
>Smart contract executes and gives rating to derivative based on the information gathered by the nodes.

>>14731493
I'm not here to sell you chainlink. I'm not a door-to-soor salesman. I started this thread to answer questions and demystify some of the things people don't understand about chainlink. You're the type of person who goes around calling people brainlets, because you're too fucking stupid to realize that everyone around you is more intelligent. If you want to ask an actual question then go ahead. But if you're just going to be a street shitting trannie then please refer to pic related.

>>14731586
Let me ask this fren, which coins would YOU recommend?

>>14716102
reporting in team

>>14731586
you sound like a happy well-adjusted person. what went wrong in your life where you decided to treat people like this?

>>14731574
>>14731586
hope you see this before you leave, it is literally openlaw showing a prototype of a smart contract that will automate payroll using chainlink as the oracle provider. is that specific enough for you you dumb fucking faggot?

>>14731613
>I'm not here to sell you chainlink
I'm here to prove my prediction right about you retards not being able to answer simple questions. Now fuck off, brainlet.
>>14731634
I wouldn't. Not because one might not be good, but because I don't know. I'd just recommend becoming a landlord. I was an accountant and actuary for upward of 20 years and I'm living purely on savings and passive income in my early 40s now and can support my family without a cent of debt. Property has treated me well.

>>14731613
> No one has to worry about your first point.
Until Eth does once these real world scenarios begin and they can't handle the amount of activity they get.

>Smart contract executes and gives rating to derivative based on the information gathered by the nodes.
This is not just a simple step you can write out in code that's why there is a lucrative industry full of professionals who make good money for it.
Besides feasibility, both parties and their lawyers are not going to agree to a SC simply replacing established rating agencies, at least not for quite some time.

At what point will this dip end? I want to buy at the fiat bottom, not talking about time. Is right now the correct time?
>or has pic related yet to come

>>14731718
The dude is talking about fundamentals. Nobody can predict short term price fluctuations 100%. Just buy and cost average if it goes down more.

>>14731403
>Of course existing methods for transaction work reasonably well, but if these processes can be further automated in a trustless way they become cheaper
you realize you can rewrite this sentence without "in a trustless way" right? like that phrase isn't assisting the sentiment in any way.
t. link holder but this isn't a good argument in its own right

>>14731705
Ok, so you're a boomer. That explains why you are so technology illiterate (pro tip, make sure to keep your mac updated for security). That's nice, I'm glad it worked out though. Unfortunately the market is fucked for us younger guys and we don't plan on buying your house for the value you think it's worth because we don't have enough money. However, we'd rather invest in cryptocurrency because it is a newer technology with a lot more room for growth. So I'm glad you made 10% gains some years, and 3% on the rest, but I'll gladly take my 1,000% return on LINK and keep holding. Thanks for playing. Oh and by the way, i bet your daughter is a whore.

>>14731718
When the entire market stops dipping. Check CMC.

>>14731776
>Oh and by the way, i bet your daughter is a whore.
I just have sons, who also own properties instead of making excuses not to like poverty-stricken retards who can't answer simple questions and have to conflate investment with gambling on pointless tech. LMAO

Once again though, great job proving me right and enjoy your dying shitcoin.

>>14731756
I very much disagree with you there because the fact that all of this will be trustless is the primary selling point of creating smart contracts on the blockchain in the first place

my linkies stay super stinky
$1000 EOY

>>14720144
That's not cleavage, she's wearing a white shirt underneath...

>>14731807
Hilarious Boomer cope. Your institutional myths are on their dead bed. Nobody left or willing to take your torch. Die already, your society failed

>>14731807
>24 years old
>$100,000 networth
I think I'm doing alright, probably a lot better than you were doing at that age. Your sons are little faggots too aren't they?

>>14716102
never fucking selling, fren

>>14731807
>gambling on pointless tech
just because you can't understand it doesn't make it pointless

>>14731833
I don't care about the group I'm associated with. Either tell me where I'm wrong or fuck off, ya orange stand merchant.
>>14731844
Your mother raised you to defend the poverty of your peers instead of examining personal decision making skills, and for that you are not a man despite your net worth and anyone involved in raising you deserves bowel cancer. But yeah you're doing better financially than I was at that age. Chainlink is still a shitcoin though (I never said gambling never pays off).

>>14731300
He literally told you that you don't need the half-literate monkey admin. It's automation that cuts out the middleman and reduces bureaucracy costs, also human error and corruption.

>>14731807
Fuck off you boomer faggot.

>>14731864
Just because no one can give a simple answer to a simple question doesn't mean the burden is on me to understand it.

Thanks for proving my point though - enjoy your dying shitcoin.

Once again newcomers, beware this piece of shit gambling device. I've imparted you with the best proof you need - 30 replies to me and no one has given a simple use (and when they did, they never explained how).

>>14716102
nope, still not selling

>>14731879
Sure, my job is literally to save lives on a daily basis. I guess my parents should be very disappointed. You keep talking about a "simple question". Ask it and I'll tell you the answer.

>>14731905
thanks just sold 100k

>>14731879
You are wrong on every level, on each scale in each possible scenario. Your generation ignored every demographic fact, gambled away the future of their children, the work of their parents all just for one reason, to not be proven wrong, while the house has been on fire since the mid 1990's. There is only one single answer to your generation, the day of the pillow, destroying social security in its entirety, removing every single subsidy and let you get cannibalized by your own flesh and blood, while your myths and visions based on marxist and post modernist bullshit serve as example as the worst generation humanity has ever had.

>>14731807
>>14731705
>>14731586
>>14731493
>>14731450
>>14731380
>>14731356
>>14731300
>>14731225
>>14731195
>>14731176
I think I can help here
A great example about smart contracts for brainlets (like me) could be something about internet of things
Take a Tesla for example: it has lots of eletronic parts and lots of sensors etc..
So if someone makes an accident with a tesla, the sensors capture the event
That event can trigger something, if that data goes in the right platform
What collects the data are the sensors but what brings the data into the blockchain is chainlink
The contract that gets triggered could be some kind of insurance for example
Oldfags correct me if I'm wrong

just leave the poor boomer alone

>>14716102
never

>>14716102
NOT A SINGLE ONE OF MY 22K LINK WILL EVER PART FROM THE FIRM GRASP OF MY IRON FUCKING HANDS EVER
I'M ONLY ADDING MORE, FOREVER
I'M EXTENDING MY LIFESPAN TO ACQUIRE MORE LINK

>>14731956
This is absolutely correct.

>>14716102
How will I pay for things I want?

>>14731613
I appreciate this thread & you spoonfeeding us fren thank you

>>14731988
staking gains

also nice get 88

>>14732032
hows that work?

t. 500 linklet

>>14732109
Read sections 5.2 and 5.5 in the whitepaper.

>>14732150
thanks

>>14731905
ill bite and give you another example , you already have gotten a few good ones but you just don't like them.
The business is for bank mortgages
Smart contracts can automate mortgage contracts by automatically connecting the parties involved in the transaction. Once payment is recieved it will also automate payment process and release liens from land records when the loan is paid. It also improves record visibility for all parties and facilitate payment tracking and verification by storing it into the public blockchain. It reduces manual costs and any potential manual errors.

>>14731710
>>14732150

It's nice to be anti-FUD and all but the price keeps fucking falling and I"m seriously considering selling, if nothing else to at least swing this. It's getting tiring how low the price movements are and how we bleed out any time we aren't getting the best news in the fucking world.

https://www.youtube.com/watch?v=XX3vE-cdYl4

It's over, sell it all

>>14732329
Is this a joke? The price is higher than it has been at any point in history except for the last two weeks. It's over double its old ATH that lasted over a year. How fucking new are you?

>>14732329
>price keeps fucking falling
>I'm seriously considering selling

Ah, the good old /biz/ way

>>14732619
buy high sell low!