/biz/ - Business & Finance

>>16161161
Chainlink is not only changing crypto, but mainstream finance.
BTC and ETH were child's play in comparison.

meanwhile in reality, openlaw ceo doesn't even know about the heartbeat chainlink has been funding for months with their own wallet and has to ask neet nazi frogs on twitter for a link lol and you think these clown amateurs are going to revolutionize the derivatives market?

>>16161257
Ceo's typically aren't down in the weeds
He should be asking his team, not on Twitter, if he really needs that info
but maybe he wants to expose some twitter fags to openlaw by getting them involved in the discussion

>>16161257
Meanwhile in Mumbai, you're shitting on a street.

>>16161257
The Openlaw ceo isn't keeping tabs on the ETH/USD price feed.
He's waiting for the full release.

>>16161257
What is your goal? Why did you take the time to screenshot, crop, save and then finally upload that pic?

>>16161560
That takes about ten seconds. What is your goal?

>>16161275
Exposure is exactly it.

>>16161161
Keep wishing retard, remember chainlink hasnt done shit for THREE FUCKING YEARS

>>16161257
seething nolinker

>>16161161
emojis make me nervous, I don't trust people who use them outside of casual chats

>>16162083
Neither have you though

>>16162198

>Neither have you though
>Neither have you though
>Neither have you though
>Neither have you though

>>16161161
This post. Those sixes and ones. What does it mean??!!!

>>16162173
Nervous? Sounds like you need more poo, Jardeep.

>>16161161
Im starting to get some nazi frog vibes

>>16161161
Why are they trying so hard to appeal to zoomers, with all the emotes and emphasizing TRILLION. So unprofessional.

>>16162555
well if you weren't a newfag you'd know their Twitter is run by a zoomer, so it's hardly surprising

>>16162613
Most companies get some intern zoomer to run their social media, doesn't mean you encourage him to act like an absolute faggot.

>>16162555
They're a young startup, and it's fucking Twitter.
Some of the biggest names in business do similar shit all the time, like Elon.
Relax.

>>16162555
Ok Boomer

>>16162631
Elon musk is a retard though

>>16162662
ok boomer

>>16162672
Forced meme
Behaving like a retard doesn’t make you a retard if your company is successful...

>>16162727
Don't be jelly.

>>16162631
Elon is trying to appeal to environment conscious normie zoomers to buy their cars. It's understandable. These guys are trying to appeal to corporate boomers to replace their entire outdated system.

>>16162727
maximum cope

>>16162672
>motley fool
>calling other people boomers

ok boomer

>>16162733
>>16162816
Ok ok i won’t criticize your hero elon musk again reddit
Leave me alone

>>16161161
LAMBOS
LAMBOS FOR EVERYONE
WERE ALL GONNA BE FUCKING RICH
YOURE GONNA BE RICH
IM GONNE BE RICH
HES GONNA BE RICH
BUT NOT HER THOUGH, SHES A STUPID SLUT AND FELL FOR THE REDDIT NANO SHILLING

>>16162850
Reddit hates Elon after he called that pedo a pedo. You're just some contrarian nobody on the internet lmao, Elon is a hero and you can suck my cock.

>>16161161
link is a shitcoin

hopium for anybody that needs a hit

at 2:00, he says the word "middleware", we all know what that means, look at the cute little links he hovers over

https://youtu.be/P45yfx4xZ6c?t=121

Serious question, do entities that engage in derivative trading typically tie up their contract payment or collateral in escrow until the time that the contract is either executed or expires? If it's millions or billions over years I would think they would use the money for something else until they need it for the payment. This would be an obvious problem for chainlink adoption.

>>16162901
>intimate knowledge of reddit
>celebrity worship
>"lmao"

That's gonna have to be a yikes/10 from me mate

>>16162727
Not even forced you stupid boomer.
Just a little self awareness would show you that it's a general consensus among strangers that doesn't even need an explanation because of overwhelming truth. Like North Korea is obviously a dictatorship with oppressed citizens, they won't openly admit it but we're not total idiots so no one needs to explain the obvious. Boomers are unbelievable idiots and it's not going to get any better the more they reject the truth and push back with blissful ignorance.

>>16163002
this, we won't even discuss forgiveness until they admit wrongdoing and/or neglect

day of the pillow can't come soon enough

>>16162991
This

The sad part is the plebbitors are "fitting in" here more and more...4chan is basically dead

>>16162901
If reddit hates him how does this make me a contrarian

>>16162991
>I'm the only one with intricate thoughts, everybody else is an NPC!

>>16163073
>If reddit hates him how does this make me a contrarian
>Being contrarian is directly coupled to what Reddit likes or dislikes
Jesus, anon get your fucking shit together. I guess we now know why you spout retard faggotry. You are in fact retarded and a fag

>>16163150

>>16162958
It’s about netted exposure. You have pool of collateral you post on margin. For non centralized derivatives, you end up posting the amount your net exposure faces. So with 2x pulling exposure long and 1y short, you end up posting the collateral for 1x. But you have to verify this with the counterparty, which costs a bunch of money. For every 1mm euro of notional derivative positions, this costs them about 137 extra euro. If chainlink does what it’s capable of, and it verifies or another DeFi verifies your position for you, you can save a bunch of money, literally millions. But you still only post the margin for what the net is, which still amounts to between 5-15% for most equities and synthetics. And that’s net for each org, not net total. So even if the entire market is only net 1 trillion long for example, you could have 20 orgs each netted 100 billion in different positions.

There’s a good paper that explains this from some euro regulator but I’m too lazy, on my phone, and know im gonna make it so w/ever

>>16161257
FUCKING THIS...its insane you guys think this shit is important

>>16163255
based and makeitpilled

>>16161232
Eventually something will, but its not likely to be chainlink and smart contracts, it will be an all-in-one protocol like bitcoin.
Smart contracts are buggy and theres no solution for enforcing the rules of the market and punshing people who don't aside from securities, which would be extremely high.

>>16161161
Why do they post such cringe shit?

>>16162952
Old news bud, they literally named the nujew (us)

https://www.google.com/amp/s/blockonomi.com/thomson-reuters-ethereum-smart-contracts/amp/

>>16163277
>RRRRRREEEEEEEEEEEEEE WHY ARE NORMIES OUTSIDE OF MY CONTAINMENT SITE HSVING FUN WITH NORMIE MEMES FUCKING NORMIES RRRRREEEEEEEEEEEEEEEEEEE

>>16163287
Everybody saw that blockonomi article

Not everyone saw the Openlaw presentation, just a hopium hit for those that missed it, the hit lasts about 3 seconds if you hold it in

>>16163255
Ok thanks.

>>16161161
so...should i buy some chainlink then?

>>16163255
checked and collateralpilled

>>16163629
nah its just a meme

dump it

>>16161257
NoLINKER BITCH

>>16164588
>>16164000
>>16163277
>>16163255
>>16162733
>>16162727
>>16162555
>>16162255
Checked. Kek approves zoomer approaches to biz

>>16161279

top kek

It's all been priced in new fags sorry to break it to you but me and tons of OGs cashed out at $4

My personal buy back will be around 90 cents

>>16164758
Same, except 60 cents is my buy back target

>>16163276
>Eventually something will, but its not likely to be chainlink and smart contracts, it will be an all-in-one protocol like bitcoin.

B-But Chain Link is suppose to be an INCEL coin! How can this be???

>>16161257

Ahem,

First they laughed and paid me no heed,

To them I said, not selling, didnt read,

Next they screamed until they were pink,

But I’m never selling, not even 1 link

Again, they swore that it was a scam,

But I couldn’t hear, I was choosing my lam,

I waited for days, weeks, even years,

Each day getting closer to no-linker tears,

They laughed, they pointed, and they shouted “cope!”,

But I simply smiled, as they tied their rope,

Despite all the fud, the torment, and fear,

I knew deep down it would be 1k eoy,

Then one day, out of the blue,
Link was one dollar, one fifty, then 2!

“You’ll never make it, it’s a pyramid scheme,

link ‘s only value is based on some meme”,

“My god, all this fud over linkies?”

I thought to myself as my wallet grew stinky,

Then one day, I never thought it would come,

All those no-linkers now wanted some,

They begged, they cried, they screamed and they plead,

Please sir 1 $link that’s all that I need!

The moral is this, in case it needs telling,

Despite all these words, didn’t read, never selling

>>16163021
it is dead since 2013. There was a short period in 2015/16 it didn't suck that much, but since then straight down the loo; we are in the corpse raper phase of this shithole

>>16161161
12 trillion divided by 1 billion is $12,000 PER LINK

>>16165456
Thats not how this works anon

>>16165456
lol don't think that's how it works, but still can someone explain where the 12 trillion number comes from? As another anon said derivatives market is around a quadrillion

>>16165176

masterful

>>16165176
saved

>>16163275
>>16163567
>>16163637
https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf
https://www.bis.org/bcbs/publ/d317.htm

Only cause I got dubs n a green ID
People will try to fud the first one based on the $50MM margin threshold but will ignore that counterparties with $8B in notional exposure will have to submit to this bs regime, and they won’t get the favorable initial margin agreements that daddy Morgan does
This is literally the blueprint for what chainlink needs to do. Hint: it’s not easy

>>16165743
>Hint: it’s not easy
So you think chainlink has a high chance of failing?

>>16165523
I’m not gonna do research but there’s probably around $12T of total netted value. Total nominal value is that absurd number

I’ll put it to you in an easier way:
100 trillion people died in WWII
But there’s only 6 gorillion deaths that actually mattered

>>16161161
We should try to get "OLE stack" to catch on and become a well-known phrase.

Reddit is unironically a good place for this as they have lots of devs and as a whole are prone to catching and repeating anything that sounds vaguely good.

"OLE stack" can become a thing just like the "MEAN" stack was for a little while.

Maybe asking Stack Overflow questions about using "the OLE stack" would be good. There are people who are obsessive about answering questions on that site and you'll probably get some obsessed nerds to start digging into it just to answer you for internet points.

>>16165781
Lmao dude of course it has a high chance of failing cmon now
Do you know what the concept of risk is, and how you’re rewarded for it?
A high chance of failing to me means less of a chance then bitcoin had, since this is a much more developed market. I would say that there’s a 60-75% chance link doesn’t properly execute to its full potential (just like bitcoin), but that’s great. Even if the failure event is binary (it’s not), a 25-40% chance to literally hit 1000x (my dca is below $1) is what we call a good, risky investment

Good investors know that batting average doesn’t really matter, it’s about your slugging percentage

>>16165821
Why don’t you shut the fuck up boomer

>>16165868
>link doesn’t properly execute to its full potential (just like bitcoin)
Even if this turns out to be true, link should be quite valuable correct? Just like bitcoin, it didn't quite reach it's true potential but it's still valued at 10k per coin.

>>16165811
>implying the holocaust ever happened

>>16165925

>>16165902
>link should be quite valuable correct?

I literally answer that in the next sentence my nulinker friendo. I know it’s hard but think critically about the sentence after you quoted me

God I shouldn’t have taken moda this morning I’m unironically feeling based and just want to shitpost

>>16165944
Thank god they didnt actually burn down jewish businesses cause they were jewish- oh wait they did

>>16165925
>not getting the obvious joke that i massively inflated both numbers :^)

>>16165944
do you have even the most basic understanding of how fundamentally impossible it would have been to engineer fake stories for thousands upon thousands of concentration camp survivors and to keep their stories straight over time?
The likelihood of a conspiracy drops with every person that is added to it, and you would have had to convince hundreds of thousands of survivors, liberating soldiers and family members to all get in on a lie that the German high command DID NOT EVEN DENY during the Nuremburg trials.
I don't even know any jewish people, but holocaust deniers are such purebred retards they offend my basic sense of a human beings fundamental capacity to process information.

>>16165176
Amazing.

>>16161161
dont forget 1000 eoy

>>16163021
>The sad part is the plebbitors are "fitting in" here more and more...4chan is basically dead
>he doesn't know 4chan has been obliterates by thedonald for years
$10 says you didn't browse until after 2010 anyway you absolute fucking pleb. Muh secret pleb, go back.

>>16165868
>Israel has no right to exist.
And this is where I stopped reading.

>>16162952
Did some digging the "makers" eth address seen on demo. The last and only transaction was 231 days ago for 100000 same amount transferred on the video

>>16166335
>>>16162952
>0x2C0FC32BBd2C771BB3F18838698155B3676CE3fD
The makers Address with 100K "ERC20" genetic token

>>16165985
>do you have even the most basic understanding of how fundamentally impossible it would have been to engineer fake stories for thousands upon thousands of concentration camp survivors
You under estimate the jews.
> and to keep their stories straight over time
That's where you fucked up. Most have admitted to embellishing or out right lying. Look up ellie weisel.

>>16165985
Do the math retard

>>16165985
Oh right of course, it's not like they would make up shit. The human skin lampshades, electrified death floors, masturbation machines, death rollercoasters and other such things were of course all entirely true - so why would anyone question the death showers verified by german officers who totally wouldn't have been under duress while we got what we needed from the germans via operation paperclip.

>>16161257
Let me know when that cope makes you some money.

>>16165972
Not really. There was one organized Pogrom it was started by the SA, the communist branch of the NSDAP, that was later dismantled. But what do I tell you, you seem to have a wikipedia education

>>16166335
>>16166353
Why did they record the video so long ago?

>>16165176
based

>>16165985
This is an appallingly pompous and uninformed post. They did not keep their stories straight. They made up ridiculous shit and they keep a lid on it by financial pressure

>Alexa, what's the price of 10,000 moon rocks?

>>16165972
Thank God world Jewry didn't declare war on Germany in 1933. Oh wait, they did.

>>16165985
Holocaust denial is simply a dog whistle for anti-semitism and outright facism

>>16167370
Using the phrase "holocaust denial" is simply a dog whistle for Jewish supremacism and information control.

>>16167370
>implying the holohoax happened
>implying anti-semitism is a real thing
>implying fascism is bad
t. kike

Damn OP modified the picture with photoshop

>>16168115

>>16165868
Holy shit sell signal. If dumb niggers like this guy are in, I don't even want more.

Strat leak: anyone that pretends bitcoin isn't Chinese trash is retarded and you should ignore the rest of their dumb shit.

>>16165985
There weren't that many concentration camp survivors, mostly because the initial numbers housed in the concentration camps have always been greatly exaggerated, and large portions those that were actually there of those really did die, not due to being gassed, but because of typhus and malnourishment due to allied bombing. The ones that did survive probably would believe in "muh genocidal death camps" simply because conditions became so harsh toward the end of the war, and they wouldn't expect to be privy to every little detail about how the camps were run during their internment.

>>16165985
They never kept their stories straight: masturbation machines, anal gas pumps and lampshades
Also none of the world leaders' memoirs make any mention of the single most important event (or as they would like you to see it) in the world

>americans unironically discussing whether the holocaust happened
HAHAHAHAHAHAHAHAHAHAHA YOU STUPID FUCKING MUTTS

>>16163276
>Eventually something will, but its not likely to be chainlink and smart contracts, it will be an all-in-one protocol like bitcoin.
k
Tell me all about how you'd set up a "smart insurance" with fucking Bitcoin.

>>16162850
There's nothing "Reddit" about the results he's producing.

>>16162789
>zoomers or even millennioomers
>able to afford pre-model 3 Teslas
lmao no

>>16161161
reminder that LINK is NOTHING like ETH.

1. ETH had a testnet with thousands of users and finished mainnet 1 year after ICO, and only raised 16mil. Chainlink had a testnet and mainnet with ZERO users after 2 years and 32mil. It has gained ZERO adoption (the partnerships aren't using it). The level of developer adoption and excitement for ETH vs LINK is absolutely incomparable, LINK has none.

2. The Ethereum tech was actually innovative. It was the first successful attempt at a smart contract platform. It was decentralized and working one year after ICO. Chainlink only has centralized oracles (Sergey is lying about decentralization) which are not new or innovative. Their "innovative" solution to sybil resistant consensus is KYC.

3. The Ethereum foundation only had 1% of the Ethereum supply after ICO. The Chainlink team has 65%. Also when Ethereum was $1, it had a market cap of less than $100,000,000. It was actually a low market cap gem. Chainlink's real marketcap (if you count the 650,000,000 tokens in Sergey's wallet, ready to sell) is currently $2,000,000,000, which makes it an incredibly overpriced top 10 coin, not a low market cap gem like Ethereum was at the time.

4. Chainlink has already had mainstream exposure. It's made the front page of crypto subreddits countless times, was covered in forbes and every news outlet imaginable. Yet, even after all this attention, it has failed to get any developer adoption. It is fair to say that every single dev in the space knows about Chainlink, and decides not to use it. There are many projects running oracles in production, none of them choose to use Chainlink.

>>16165176
Well done to whoever wrote this.

>>16165985
>how fundamentally impossible it would have been to engineer fake stories for thousands upon thousands of concentration camp survivors
many such cases I'm afraid......

>>16161161
Lubin and woods are also the 2 only credible eth devs around... so getting lubin on the chainlink side is awesome! Woods allready partnerd with them through polkadot so that’s it we made it frens! Just wait till prices catches up

This is now a holohoax redpill thread.
Google "david Cole Auschwitz documentary". He is an Israeli jew who goes to Auschwitz and gets the museum director to admit on camera that the gas chambers and a bunch of other shit were built by the Soviets after the war and that the entire foundation for the holocaust narrative relies on simply trusting that the Jewish bolsheviks had no motive to make up atrocity propaganda.