/biz/ - Business & Finance

it creates a market place of centralized oracle

>>15223227
>1048
>not 1024
You goofed

money printer

look at you, you little future billionaire you

>>15223227
each chainlink will be redeemable at your local McDonalds for 1 Big Mac in the near future.

>>15223277
thats a really shitty edit, kys.

congratz you fell for a useless vapourware

>>15223250
What's the demand for it though? And how serious is a Google/Microsoft partnership? Also, how the fuck will it reach the alleged "1000 eoy?

>>15223227
you had two years to be spoonfed, fuck off and search the archives bitch

>>15223333
Checked. Search the archives. Here’s a breadcrumb.

>>15223333
Wow, I always thought Chain Link looked like a bad investment but these dubs into quads suggest inverse trend.

>>15223371
>mfw

>>15223377
link got the 7's digits, lurk more faggot

>>15223371
Oof this hasnt aged well

>>15223371
>>15223333
>Check the archives bruh

>>15223894
>Relying on /biz/s autistic hive mind for guidance

>>15223227

you know lawyers and accountants

chainlink is like that except neet nodes instead

>>15223327
The core point of chainlink was to be an extension to smart-contracts in order to make them compatible with off-chain data. Smart-contracts are temper-proof automated contracts. By utilizing centralized oracle to feed smart-contracts, they become much less temper-proof because a single node is a single point of failure. Sergey saw a problem there, some people don't see a problem there and say that their data is safe and accurate. I agree with sergey that it is a fundamental problem that should be resolved. How much is it worth tho? I'd guess a lot since the middle-ware in this case is more important than the smart-contract platform itself. It's also a tougher problem to solve. The real value will come from adoption and usage. Sergey sees potential with the derivatives and insurance market and it makes total sense. Pic related shows the worth of such market. This is where the 1000eoy comes in. With the chainlink token working as collateral and being finite in numbers you start to understand why those neets keep screaming to those nasty kikes that they will never get their links. But link being a financial tool, it's hard to imagine that if there is more demand than the protocol can withstand there could be a fork or a competitor. But building a decentralized oracle network being one of the most valuable/difficult thing to do, there might not be many other solution/alternative to the main decentralized oracle network that chainlink is building and people adopting.

>>15223227
Imagine that someone wants to know how much of a bitch faggot you are. Your daddy, while raping you, inserts a small sensor up your ass that will trigger whenever a cock goes up your anus.
Later that day when you go into this orgy with 500 well-endowed black males, this sensor will trigger off and send data to the blockchain so everyone in the world will now know that you're not only incestuous, but also a little whore for big black cock.

However, this sensor cannot write data directly to all blockchains in a simple manner - imagine that it had to send this data to the ETH, BTC and you-name-it blockchains. Its data may also be tampered (maybe you're just taking a huge shit instead of a huge cock).
Your little ass-sensor might even be able to do it, but more complex systems from organizations that wish to use blockchain might have a far harder time. That's where the Chainlink network comes in: it links real-world events to the blockchain. It's trustless - aka smart contract will automatically execute when the oracles confirm that a certain data is reliable - and it is decentralized, a node rating system will ensure that the most accurate nodes will be those preferred by clients.

1K EOY and OP is a faggot.

>>15223333
checked

singularity is near.


sergey giving everyone last chances to buy in

>>15223963
dr;ns

>>15223963

already sold, not reading

>>15224390
Based and clog pilled