/biz/ - Business & Finance

Just sold my entire 690 stack, I knew it was a scam all along, can't believe I fell for it

>>15123836
>>15123856
yup, this is why I laugh everytime I hear linkies mention it like september is going ot be a big thing
IT WILL TAKE YEARS

>>15123871
I've been saying to stop hyping psd2 for ages. It's a slow change of industry standard not some announcement.

>>15123856
Thanks idiot, just market bought your bags

>t. Chad

>>15123871
I'm fundamentally ruined, I put it all in confido, hopefully it will recover my losses, thanks for your support have an updoot

>>15123871
>but conference
>but wc3
>but 4th industrial revolution
i wonder when russian fatboy will scam exit

>>15123836
>LINK
>having anything to do with banking infrastructure

How dumb could someone be to believe this in the first place?

PSD2 is insanely bullish for LINK though.
Just may take longer.

The fact that there is no standard mandated by PSD2, but just a mandatory requirement to share the data to public is even more bullish for Link. It means that all the different systems the banks use to each other, and technology on the back end only has to be put into Chainlink. that can be any way they want. LINK is the standard they can easily transform it into.

If there was a mandated standard LINK would have a competitor, and they would have much less reason to even need something like LINK

>>15123886
>We are pleased to announce thanks to Sergey Nazarov & McDonald's joint partnership all banks are now immediately PSD2 compliant. Thank you, and buy Chainlink token.

This was a month ago

>>15123944
Banking networks aren't using an ERC token out the Caymens from 4 20 year olds. I know coping is hard, its ok we weren't all going to make it.

>>15123886
The real hype in September should be for the exodus from binance shitcoins to Coinbase coins

>>15124087
nolinkers are the only ones coping, I can taste the seething and rent freeness from every single one of you, I bet you bought confido, thats how stupid you are

>>15124087

No retard. they aren't. You don't even understand what you are typing or reading to have made that comment.

The banks don't do fuck all. they just get the information accessible. work out the rest for yourself your poor broke boy

>>15124134
Yikes

>>15123836
REEEEEEEEEEEEEEEEEEEEE
I CANT TAKE IT ANYMORE

>>15123871
>IT WILL TAKE YEARS
theyve had YEARS
why do you think was created and first partnered with swift?

now they will pay fines and lag behind their competitors

it's over.

Nobody told the banks that there is this option called chainlink? Did you just shitpost all the time anons? REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>2027
>$2.50/LINK
>YOU HAD TEN YEARS

OH NO NO NO NO NO NO

Fuckkkkk psd2 is what everyone was waiting for... now it looks like another few years of dumping at least, if this isn't sergay excuse to exit scam

>>15123836
i posted this when it came out, there was an earlier article, all linkers just blew me off. good luck faggots fuck you no one wants to use your shitty psd2 shit go fuck yourself

>>15124371
YOU HAD TWO CENTURIES

>>15124391
im not fudding you fucking dumbass, DO YOU UNDERSTAND THE BANKS DONT WANT TO DO WHAT YOUR EXCITED ABOUT,
DO
YOU
UNDERSTAND
THAT
REDTARD

>>15123836

Nothingburger.

>>15124423

> the banks
> don't want to

Wait and see. Patience.

>>15123836

>>15124423
They dont want to do it by conventional means. If they're going to be forced to comply with PSD2, then they'll do it so long as they can sell their API data in exchange for being transparent. Chainlink enables them to do exactly that by requiring node operators to purchase access to the data in order to execute derivative contracts and bank transactions, instantaneously settled, thus eliminating the billions in overhead costs associated with post settlement reconciliation.

This article is bullish af.

>>15124798
>>15124489
>>15124134
>>15123944
>the only anons who have brain and read the article

This is what will happen.

The deadline will approach and then all of a sudden, a few huge multinational players will announce that they've managed to become the first PSD2 compliant institutions simply by adopting the chainlink network to execute basic derivatives contracts, etc.

All their competitors will flood in asking why the fuck their overpaid staff of experts failed to know about chainlink until it was too late.

The price will appreciate in proportion to that rush and the subsequent rise in network traffick volume.

>>15124921

>>15124423
They may not want to, but they will have to eventually.

>>15124921
>a few huge multinational players will announce that they've managed to become the first PSD2 compliant institutions simply by adopting the chainlink network to execute basic derivatives contracts, etc.
Yeah sure, but how do you know they will use LINK? This is a huge speculation

>>15124995
Because the only working product they have to monetize their data is chainLINK, even the centralized competition needs to use chainLINK.

>>15123836
they gone comply or they gone die. white.

>>15124995
LINK has first mover advantage in the space.
Think of it like the internet, why have two when the entire world is already operating on the standard https?
The difference is, the internet wasn't set up in manner where one could buy shares in it. Link is literally the only asset of its kind and its poised to appreciate in proportion to the volume of commerce being executed by smart contracts, i.e. massive amount of global GDP

it's not exactly like thousands of companies have psd2 reliant products already built and ready to go on the day of the deadline, we're not gonna make it for real this year, maybe not even next year desu

>>15124921
DELETE

>>15125022
>>15125102
Arigato for the hopium amigos

>>15123944
>>15124798
>>15124921
you don’t need chainlink to monetize APIs idiots, you only need it if you’re using blockchain. API economy already exists and has no need for chainlink.

>>15125102
Could you stop spilling the beans
The last one that did that died
Fast and furious

>>15125519
Cope

>>15125519
Exactly
Unneeded unless using blockchain smart contracts
We don’t even know if the world cares more than experimentation with the technology right now

>>15124921
>managed to become the first PSD2 compliant institutions simply by adopting the chainlink network to execute basic derivatives contracts, etc.
You have no fucking idea what PSD2 is. You are so misguided it is unbelievable. PSD2 has nothing to do with derivatives, FFS.
PSD2 is about opening up customer-facing banking APIs for use by third parties. Banks don't do this by "adopting the chainlink network". They do it by modifying their backend systems to expose a set of standard APIs, and allowing and PSD2-registered entity to request that data (if authorized by the customer via an OAUTH2 flow).
AFTER THEY HAVE DONE THIS... people can start building applications which use chainlink to connect PSD2 APIs to smart contracts. But no bank will "adopt chainlink" in order to become compliant with PSD2 regulation. That's just not how it works.
This is not fud. Link marine here. This guy is just talking out of his ass and needs to be corrected.
>>15124995
LINK is the standard for connecting smart contracts to web 2.0 APIs. Once PSD2 is implemented there will be more use cases available to LINK, but the anon who replied to you is massively overstating its importance to LINK. LINK will benefit from PSD2, but PSD2 has absolutely no reliance on LINK.

>>15125544
please. i probably have more link than any of you retards. theres plenty of bullish things coming up, september 14 was always a meme.
>>15125581
>>15125592
these two get it. lots of third party companies trying to use psd2 data won’t even be on blockchain, most will be more traditional services, think venmo and the like. even then it’s not coming nearly as quickly as you think.
i worked on GDPR for a (very) large EU company and they delayed and delayed. these companies don’t give a shit about meme deadlines, if there’s fines they just pay them, it is still cheaper than rushing to get compliant. psd2 will become a reality and chainlink may benefit greatly from it but the big institutions involved will drag their heels as long as they can.

>>15125519
If you don’t see the world adopting smart contract tech over the next 5-10 years you’re seriously misguided

>>15124798
I appreciate this post my nigger, but almost everyone FUDding are just mentally ill holders that can't stop themselves.

Probably only like 5% of lurkers will actually consider this post, and any of them not already all-in with any available/liquid net worth are functionally retarded. Explaining shit at this point of the game is just going to let some reddit faggots ride our coattails to immortality, please don't. Good post though.

>>15123836
>tink

>>15125592
obviously anyone that doesnt understand that it's just a mandate to provide APIs for all their customer's data, not a usecase for link, is dumb.

But if you're not excited for what that means (all that fucking data ready and waiting to be used by a json parser whose literal function is to take API data and convert to a blockchain-able format) then there's something wrong with you.

Sirgay does have it right though, as soon as one medium sized conglomerate starts using DLT/SC to do business, and saves billions annually in the process, the arms race will be on. Which brings us to SIBOS...