/biz/ - Business & Finance

10k to make it, that was at least until sirgay started dumping.

>>15222446
I don’t have that kind of money laying around should I just bail in my 750 and put it all into Bitcoin?

>>15222446
no its 30k to make it always been 30k

You just have to hold it. I could make the argument for $100k a piece for Link tokens. It all just depends how the collateral system is applied. If the Link network needs to represent 100 Trillion dollars worth of assets, property, and collateral, then $100k a token is needed.

>>15222427
Buy Chainlink with every spare penny you have. Sell more things you don't need and buy more Chainlink.

>>15222459
Fuck outta here with your lerping ass

Magic trannies are nothing like the real thing take it from me you dont want to get involved and have a deep voice whisper conspiracy theories in your ear in the dead of the night. The whole place stank too imagine the smell.

>>15222427
Sir don’t die poor. Your truck is more worth then hot air.

http://sys.4channel.org/derefer?url=https%3A%2F%2Fcryptoiq.co%2Fchainlink-link-devs-kill-rally-and-precipitate-46-drop-in-price-by-dumping-9-8-million-tokens-around-275-million-tokens-still-held-by-devs-and-350-million-tokens-earmarked-for-staking-yet-to-be-tou%2F

>>15222459
>t. 30k bag holder
I think it depends on the timeframe. It's completely reasonable to see link go to $100 in the next 5 years. Realistically.

>>15222483
All the paper and electronic currency in the world is only around $80 Trillion. I still believe in $1,000 LINK.

>>15222427
If you have 3k chainlink you will live RENT FREE in a really nice appartment in the midwest from staking.

>>15222513
newfag

>>15222520
no it has always been 30k to make it. thats the absolute minimum amount to make it in this market cycle.

>>15222427
It's enough to get 3000 cups of coffee.

>>15222528
You are neglecting the derivatives market.

"Funds invested in derivatives alone total at minimum $544 trillion, and the high-end estimate is $1.2 quadrillion. In fact, there is more money in derivatives than in all the stock markets combined, which is a comparatively paltry $73 trillion."

https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

>>15222518
wow thanks for shilling your blog again

>>15222459
10K to make it

>>15222512
Your pic related is absolutely, positively retarded, holy fucking shit.
You don't need to use Chainlink to communicate "real life data" with blockchain. Blockchain literally has built in HTTP/HTTP2 transports from day one and any instance/fork listens as a RESTful API by default.

>>15222576
>market cycle
How long do you see each cycle as being?

t. 110k stinkies

>>15222664
idiot

>>15222664
SCAM ALERT
SCAM ALERT

TOKEN NOT NEEDED

>>15222664
>Literally retarded

>>15222614
Can anyone help a fren and elaborate on why a chainlink system is better than the current systems regarding derivatives specifically? I understand they are contracts for many things and i’m guessing it’s easier/cheaper to have a chainlink based system?

Sold all my linkies today

>>15222853
Because there is accountability. The 2008 housing crisis wouldn't have happened with Chainlink in effect.

>>15222814
>>15222822
Give me one real life use you see for this technology.
It's just not viable, not viable at all.
If someone wanted to transfer data via blockchain, they would use a "proprietary" solution, period. It's easy enough to set up. Nobody wants a transparent, decentralized token for that. They want the money.
The ideas presented on Chainlink charts are completely out of this world idiotic. Promise of transferring money between Mastercard and Paypal, great! If there only was a way to do it... Oh wait, there is, because literally every bank and card operator already has their own centralized solution for this.
Now, tell me why anyone would want to use Chainlink, please?
To parse one kind of data to another? You can literally make a PUT request to a blockchain's built-in servlet and send any buffer of information (of limited size) to it, and then if you have the keys, you can read it. It's easy enough, but it's easier to just make a normal request.
Chainlink is building a bicycle out of tank parts. Stupid at every level.

>>15222916
Shit tier FUD.

>>15222916
No one will ever shop on the internet. It takes too long to load one picture.

>>15222916
Linkies only reply with deflection statements. They know they’re fucked when it comes to technical aspects so they just divert and distract, they’ll just post things like ‘ur stupid’. You can’t really expect intelligence from people who put money into a centralized coin.

>>15222937
Okay.
>>15222948
You're really expecting that big companies all over the world will out of nowhere decide to start holding hands and give their profits away to a technology, which is not approved to send or store any sort of confidential data, just because on paper it just coouuuld be more convenient for the users? Beautiful, sure, everyone loves not only losing money, losing control over their service, but also potential lawsuits.
I can see companies working with each other - on their own conditions, not a token made by a fat philosopher who wanted to make a joke replacement for a thank you cup of coffee.

>>15222459
Then I'll stick with ETH. At least that mooned to 1500. Seriously if LINK cant do 200 to 300 within 2 year at next ATH then LINK isn't worth buying into...

>>15222996
Sometimes the market moves in a way in which current giants must adapt to. How come this system you talk about that seemingly renders chainlink useless does not exist as of this moment?

>>15222576
retard, newfag, pedo, probably a tranny

it was always 10k, literally never has "30k to make it" been a thing

>>15222996
>give their profits away to a technology
Their profits would increase massively with smart contract adoption. Trillions would be saved worldwide by cutting out middlemen everywhere. Once pandora's box is opened, all it takes is one company to steam ahead of the rest, triggering the rest towards adoption.

The paradigm of the trustless is so insane that few people comprehend how truly important it is. Decades from now it will seem obvious, today it is but the dream of a few stinky anons on a mongolian basket weaving forum.

Centralized, proprietary solutions will one day be a thing of the past. Especially as it pertains to blockchain.

>>15223281
They ARE the middlemen, anon. They don't want to cut themselves out.

>>15223367
It doesn't matter what they think. Smart contracts are a new paradigm and are INFINITELY more efficient. The middlemen will simply lose out as a result. Combine that with network effects and you have a recipe for a new financial order.

You cannot stop the industrial revolution, least of all the fourth one.

>>15222427
If you like being dumped on by a companies private holdings you may as well hold Jewple.

>>15223416
It does matter what they think because the point of Chainlink is literally to make communication between these big entities' services efficient. And they don't want it, they won't ever want it unless Jesus rises again and tells them they'll go to hell if they won't comply.
No company will snowball to the significance where they could prop up Chainlink usage just by being charitable, it's just not plausible.

>>15223367
>>15223367
Horse carriage companies probably didn’t like the invention of the automobile. Unless they adapted their business model to accommodate technological breakthroughs they were unable to control themselves. Same concept applies. Nobody has a choice how business is done in this market chainlink is disrupting. only the most efficient method wins. Too many players to say “haHAA global collusion to cut out any competiton!!” Decent bait tho.

>>15223490
Like I said it only takes one company. Be that google, oracle, SWIFT, etc. They will beat out the competition so badly (by the massive reduction in expenses and general increase in efficiency) that EVERYONE else will be forced to switch over to smart contracts. The same thing happened with the internet. And there are definitely at least a few big players willing to take the blockchain/smart contract risk.

>>15223490
Fat autistic assumptions

>>15223505
If anything it's more like airliners versus a private plane.
1. You're asking the airline companies to outsource their services to private pilots who will get all the money instead. That doesn't exactly sound like an idea that will take off, oof. For a real life example of this implementation, just look how great Uber is doing, and they do actually get a cut.
2. So you say you don't need these airline companies, okay. How many self-made billionaires who made their money by ride-sharing is there exactly out there?

>>15223525
This market is going into an entirely different direction though. Big cloud companies are explicitly differentiating their solutions so that when you learn one, you're stuck to this one - be it AWS, Google Cloud or Azure.

>>15223529
The biggest use for Chainlink blockchain right at this point is sending out spam e-mails. Truly an industrial revolution.

>>15223655
>differentiating their solutions
And who do you think will be the one to connect all of these platforms?
Chainlink is totally agnostic. Sure, it's on ETH right now but mainnet came out hardly 2 months ago.

In any case their solutions have little to do with smart contract adoption. Smart contracts require decentralization at all stages to be useful, that includes oracles. They'll be able to use any of the major smart contract platforms.

>>15223490
In that case I would be quite happy. I would start a business. B2B is the fastest way to make the big bucks and it tends to scale better. First it's just me and a couple college buddies drafting contracts and connecting businesses. As word spreads I'll eventually need to hire more people. Google, Amazon, Microsoft, etc. continue to hate money and think data is worthless. I see that data has value and am probably the only person in the world to think this. People call me crazy but my 10 figure revenue is a slight hint I might be on to something. I continue to aggressively expand until everyone except the antique luddite companies like Google, Amazon, Microsoft, etc. are using DLT and smart contracts. Then I'll write a book and go on tour giving inspirational speeches about bootstraps and run a charitable trust. Genetically engineered catgirls, deus ex style body mods. Maybe do something like the ghost gunner so everyone can have gun in one easy click. Probably start a lingerie design house too. My mansion will look like it was designed by an autistic 5 year old girl. Architecture itself a work of art. Painting and sculpture everywhere. Entire basement is a swimming pool. Part of house has trampoline floors. A giant greenhouse in yard, I make a rope climbing area with top corner made to resemble a funnel spider web. Many flower, butterfly, moth, and strawberry grow. And the yard has a moat. I fill with tropical fish and other colorful animals.
Fucc I love chainlink!!

>>15223694
First of all, there's a standard for inputting and outputting data that sticks - JSON. Every single library out there can output data in this format for further communication.

The biggest pro of Chainlink is that it provides consensus on the correctness of the information, based on its decentralized nature (or at least they claim to do so), but while this sounds great on paper it sounds terrible for business. If you've had an error, you identify the error, you identify who was responsible, fix the error, fire whoever made the error. If you use Chainlink, you're left with nothing and no one to put blame on.

Secondly
>Hiring a person who knows Amazon Redshift.
vs
>Hiring a person who knows Amazon Redshift and a person who knows blockchain.

Even if you have some retarded infrastructure which is half-hosted on Amazon and half-hosted on Azure, one part of it can still communicate with the other using JSON or literally any other schema you want to come up with, be it XML or morse code.

What it looks like for now is that you can have unlimited number of services that can communicate with each other without any issue, and Chainlink is trying to solve a problem that doesn't really exist with a promise of something "extra" that doesn't really have much use after all.

>>15223760
The fundamental issue with your stance is you seem to believe it will not succeed because current market giants may not like it, which seems to have no substance.

The market we’re dealing with is highly competitive. The capabilities created with chainlink allow singular market players to act in their best interest either by selling their data or buying data to create services at a lower cost, winning over market share from those holding out on chainlink. The scenario you describe would only make sense if literally every company is colluding to ensure chainlink does not disrupt the status quo. This is highly improbable as again, companies act in their own self interest and we’re talking about hundreds. Also not touching the drastic reduction of entry into the market by creating a service solely leveraging chainlink for niche markets. There is no one singular person pulling the strings here buddy.

>>15223900
I'm sorry if I'm not clear on this, but what I'm trying to say is that:
>From a business point of view, Chainlink is trying to be a middleman in competition with the middle man.
This can be disrupted, but is extremely unlikely.
>From a technological point of view, Chainlink is trying to be a middleman where there's no need for a middleman.
Chainlink would be useful as an additional consensus layer for services with highly variable information, which is actually the more likely scenario, but we'd need some technology that we are not even aware of at this point which could utilize these capabilities. The only thing that comes to my mind is some weird as shit calculations, maybe using quantum computing, but workable quantum computing invalidates the existence of Chainlink, or anything blockchain related.
And even then, in a situation where such technology that has need for Chainlink is developed, it's still almost sure that a proprietary solution would be used instead.

>>15223760
>If you've had an error, you identify the error, you identify who was responsible, fix the error,
This is literally the whole point of blockchain. You are clinically retarded and cannot be helped. The threads are still in the archives if you want, but if you can't see why smart contracts will revolutionize not only business, but the very underlying assumptions about trust, you will not make it.

You keep citing centralized solutions and are missing the whole point. Centralized solutions will still have some role in the future, but they certainly will have very little role in the smart contract ecosystems.

>>15222459
left is my gf

>>15224017
>Our data was malformed, who do we sue?
I understand what you're saying. You can trace the place where the error has occurred, but you won't be able to tell why the error has occurred and who's at fault.
Also, debugging in blockchain is a dream after you move away from the debugging chain and go live, mmmm.
I've been working in this shit industry in a professional capacity for almost twelve years now. Two or three years ago a lot of companies I've cooperated with wanted to dive deep into blockchain, and nothing ever came out of it because while blockchain has its uses, it's just inconvenient for how we're dealing with shit. Along with smart contracts, it's a telephone that only works in one direction and to communicate back and forth you need to set up a second telephone line, if that makes sense.
I have a lot of belief in this technology, but I don't believe in Chainlink, also considering that it started out with a very different case use that people are trying to assign to it where it's not designed to adapt to it.

>>15222427
>i like the upward trend to 3
Retard confirmed

Automated inventory and supply chain management. Chainlink enables the AI to make things happen. The Chainlink network will touch and get a piece of every transaction in the future.