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/biz/ - Business & Finance


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16984975 No.16984975 [Reply] [Original]

Tried to explain to my brother tonight why Chainlink was revolutionary but couldn't figure out how to put it into words concisely

What would you have said? My explanation was along the lines of "something something decentralized oracle network, trustless smart contracts, something something just trust me bro it's fucking insane".

>> No.16984985

>>16984975
You couldn't explain why it's revolutionary because it's not revolutionary.

>> No.16984991

Going to zero

>> No.16984992

Tokenized startup with the majority of the premined tokens held by a russian fat faggot with a philosophy degree, trying to solve a problem that doesn't even exist and eventually the token is not even needed.

>> No.16984994
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16984994

>>16984985
I couldn't do it because I'm autistic and not verbally articulate, especially when it comes to technical things

>> No.16984995

>>16984975
You did good, that's been the pitch this whole time.

>> No.16985021

I also told him I learned about Chainlink from the 4chan /biz/ board and that it's full of FAGS

>> No.16985029

>>16984985
Not revolutionary, evolutionary.

>>16984975

Here is the dumbed down version of Chainlink:

Blockchains are a new way of keeping records. They can transfer ownership of things between people in a timeframe of minutes, compared to the hours or days it takes now. But blockchains can only transfer ownership of things that they understand. Enter Oracles:

Oracles are pieces of software which translate stuff into something the blockchain can understand, like a concert ticket, a bicycle, or a car. But there's a problem: If an oracle could somehow be tampered with, people could get away with stealing or otherwise defrauding people using this record system. Enter Chainlink:

Chainlink is a network of oracles, each gathering data and committing that price consistently. If one of the oracles disconnects or returns data that doesn't match everyone else's, that oracle is penalized and also disregarded. With the Chainlink network, anybody can set up an oracle, which means in order to defraud the system, someone would have to defraud a large, maybe even massive number of oracles, which is much harder to do than if we were relying on one single oracle. That's why its called "decentralized".

>> No.16985033

>>16985029
>committing that price
*committing that data

>> No.16985047

>>16985021
Irony

>> No.16985063

>>16984995
kek

>> No.16985066
File: 1.88 MB, 1280x720, Saturn.webm [View same] [iqdb] [saucenao] [google]
16985066

>>16984975
>just trust me bro it's fucking insane

>> No.16985074

>>16985029
What's the point of the link token? Why can't I just pay for this in BTC? You need to use LINK in order to set up or access the oracle?

>> No.16985114

>>16985074
The LINK token is used to incentivize network participants to behave properly. With the full network rollout, LINK will be held in each oracle in a process called staking. Anyone looking to use the network will have to pay to use it, in LINK. Each oracle that behaves properly will be rewarded with a fraction of that payout, while each oracle that draws incorrect or fraudulent data will be penalized some or all of the LINK which is held (staked) in that oracle, and rewarded to the person making the request as a sort of insurance payout.

>> No.16985117

>>16984975
thats why it will never take off

>> No.16985124

>>16984975
>YES YESSS. PLEASE POZ ME MASTER SERGEY
*there's a knock at the door*
>WHO THE FUCK IS IT
>Sergey pulls out his massive russian cock, dripping clear cum on the floor as it leaves gaping anus.
>It's Thomas, master. I have your next linkie.
>Bring him in Thomas.
*a cute little asian boi walks in. he is shy*
>Where are you from, sergeys buttcheaks still sweaty from his previous session.
>n..niigata...
>WHAT THE FUCK DID YOU JUST CALL BE YOU BUG? . BEND OVER
*he slowly pulls down his pants and shows sergey his boipussy*
>HERE'S A MIXICLE
*sergey burys his face into the bois asshole*
>ooooo your beard. its hurting me
>SHUT THE FUCK UP.
*surgey stirs his tounge around in circles
>ooooh my godd masterr
*the boy splurts a pathetic amount of cum onto the floor out of his tiny swinging penis*
*sergey takes his face out of the boys ass and takes a long snifff*
>MMMM YEAH. THOMAS GET IN HERE
>yes master?
>IM DONE, REMOVE HIM. LETS GET BACK TO WORK
*sergey checks his wallet of 700 million Link*
>MMM...

Chapter 2

>i love edging to the dev wallet, Thomas. Knowing that I have over a billion dollars i can dump at any moment. It gets me so hard
*Thomas quivers in fear*
>how is staking coming along?
>its ready to be deployed..master…
>Take off your shirt Thomas
*Thomas peels off his shirt, revealing his saggy manteets*
>MM YOU’VE ALWAYS BEEN LOYAL TO ME THOMAS
>DANCE FOR ME
>master what if rory finds out
*sergey viciously strokes his cock, edging to the point of explosion*
>master..mm.. I.. I hope rory…
>SHUT THE FUCK UP
*sergey edges to the point where he cant anymore, spilling at first a drop of cum, and then spewing out the last ounces of come possible from his prostate *

>> No.16985137
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16985137

>>16984995
oh you made me laugh fucker

>> No.16985143

>>16984975
I like thinking of these things like a normie so maybe this helps:

Automation is slowly but surely taking over all the important shit that makes the economy turn. We’ve seen an evolution from the mainframe computer in the 60’s to the internet in the 90’s to SAAS companies in the 00’s that have allowed companies to massively improve their productivity. After all, computers don’t need to sleep, they don’t need generous benefits packages, and they aren’t prone to error like humans are. The more things we can automate, the more productive our civilization can be.

Blockchains and smart contracts are basically tools to automate finance. There’s lots of intricacies you can learn to realize how they are able to do this, but they turn financial processes from manual human expensive slow prone to error and lacking transparency, into a streamlined automatic system. Chainlink is the tool that connects this financial automation system to the data they require in order to be truly autonomous. You need data to know when to execute a financial process. Did the product arrive on time? What is the price of some asset? Are the conditions met to trigger some insurance payout? An autonomous system needs access to very secure and reliable data because it’s not depending on a human to monitor or intervene. It needs to act on its own in order to be useable. Without chainlink or something that fulfills this role of providing an automated financial system with very secure reliable data, you can’t really do anything useful with your automated system. This is gonna put a lot of people out of work. A LOT of people. That’s why it’s important and valuable. It does what humans do now, but it does it much more efficiently and there’s very little a human can do to compete with this thing.

>> No.16985153

>>16985114
This. Also some of the arguments for having a dedicated token include insulating the ecosystem against arbitrary price fluctuations of an unrelated asset (why should the value of my staked link pump/dump just because bitcoin or eth has drama), also the token was purpose built with functionality that other tokens lack (transfer-and-call, this is why it's it's own standard "ERC 677"). It also allows for more controlled distribution of the token for bootstrapping the network (some will call this "premine shitcoin" but it has legitimacy in creating dedicated allocations of the total network supply). It will also make yet even more sense for the link token to be its own thing when it's implemented across many different blockchains with token lock/release contracts to maintain a fixed total supply.

>> No.16985181
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16985181

start with automation.

when we talk about automation people generally think of robots and blue collar jobs going to shit but the reality is opposite - software will automate heaps of relatively simple white collar jobs

you need to first shill the potential of smart contracts. Once he understood that, it will be easy to understand why chainlink will make it a reality

>> No.16985194

>>16985021
underrated

>> No.16985207

>>16985029
so in your words link is useless shit

>> No.16985208

>>16985194
meant for >>16984995

>> No.16985213

>>16984975

To explain the importance of Chainlink you have to start with Smartcontracts.

If they don't understand the importance of Smartcontracts then its no use to tell someone about Chainlink.

Because when it comes down to it a bet on Chainlink is a bet on Smartcontracts.

>> No.16985215

>>16985207
>shitposter
>doo in ID

checks out

>> No.16985228
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16985228

Meanwhile
>XRP already being discussed by the US congress
>about to be recognized as an official currency by the governemnt
>hundreds of banks have already tested out XRP
>proven it can save trillions of dollars
>>16985029
>>16985114
>>16985143
>>16985181
>its a linkies think theyre the only oracle solution in blockchain episode
read (pic), actual blockchain developers dont even like LINK. LINK is shitty tech thats only gotten this far because sergey spends money on lobbying with google and swift (none have admitted to using). Chainlink is literally the litecoin of blockchain oracles.

>> No.16985230

>>16984975

Its a scam to get bitcoin off noobs. Pretty simple stuff.

>> No.16985235

>>16985114

Ok we’ve read the company shitcoin memo a million times. Care to explain the monetary policy? We’ll wait.

>> No.16985244

>>16984975
>invests in chainlink
>can't even describe what it does

retard.

>> No.16985249

>>16985244
Ohhh look at the big brain on Ranjeet!

>> No.16985251

>>16985029
>They can transfer ownership of things between people in a timeframe of minutes, compared to the hours or days it takes now.
This can be accomplished via the internet in seconds. Blockchain is slow and convoluted tech. You need to provide a better example than that.

>> No.16985268

Why use tons of technical words? Just say that chainlink is easily able to "link" or talk to software. For example you can use a crowdfunding smart contract.

What if there is a smart contract that works like crowd funding. People can send it money to crowd fund it. And if it succeeds in a time then the company gets the money and if it does not then the people get the money returned. With chainlink it can interact with software outside itself and can send email updates on how it is going without software checking the status of it.

>> No.16985275

>>16985228
Boy, that reddit post aged like milk. Maker's already swapped to Chainlink. And its possible that Ripple uses it. I personally hold both. And HOT and RSR for the memes.

>>16985235
LINK is locked away in oracles, reducing supply and increasing price, all else being equal. Users of the network must purchase their usage in LINK as well, increasing demand all else being equal. Oracles use extremely little software and hardware to use, which means there's no equivalent of miner capitulation, so one would expect more and more LINK to be locked up in oracles over time, because holding more LINK in an oracle allows that oracle to process more valuable contracts.

>>16985251
Straight data transfers are susceptible to the double-spend problem, which has been plaguing the internet since its inception. Blockchains might be slow compared to a simple data transfer, but they're orders of magnitude faster than business as usual, and don't obfuscate the mechanisms involved.

>> No.16985282

>>16985228
Oh man, XRP holders are the lowest IQ investors. Its actually kinda sad.

>> No.16985296
File: 340 KB, 1748x1544, linklets.png [View same] [iqdb] [saucenao] [google]
16985296

>>16984995
LMAOO THIS IS GOLD

i havent laughed this hard on biz in a long time. This is just like back in 2016.

Link is going to 2$ within the next 48 hours btw guys. I think the normie plebbitor and twitterfags are figuring out that its a scam now lmao.

>> No.16985297

>>16985275

No no no. You’re reading from the company memo again.

What is the supply release schedule going into the future? Will there always only be 2 billion coins? (lol) if so, does this mean you are trying to compete with digital gold and you want a deflationary currency? Does everybody else running nodes agree with this policy? Hmmmmm anon, i think you may need to talk to the CEO of your shitcoin about all of these issues...

>> No.16985302

>>16985282

They deserve everything they are going to get, along with chainlink “investors”

>> No.16985304

OP, you still there? I have a question.

>> No.16985305

>>16985268
I think the mental block here is understanding why you need a smart contract to crowd fund. People see patreon and venmo and shit like that and wonder why they need to bother with crypto

>> No.16985310

>>16985297
LINK is divisible to 14 decimal places, there's plenty of room for growth in the current supply.

>> No.16985314

Why would link grow significantly in value if it isn’t a fixed supply? You load up, the oracles work as intended, then the team simply generates more link, thereby diluting the value of your stack. Convince me and I’ll dump my bags to go all in on link this evening.

Not trying to fud, only to understand after missing the boat.

>> No.16985318

>>16985310

The decimal places aren’t monetary policy retard. What is the release schedule of the tokens? Oh right your CEO holds all the fucking coins. KYS

>> No.16985320

>>16985314

Oh look it looks like one of the deluded linkies is FINALLY catching on. It’s a goddamn fucking miracle.

>> No.16985322
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16985322

>>16985275
>Maker's already swapped to Chainlink
wrong. that podcast where they announced it was made over a month before the screenshot, meaning they tested out shitty ass LINK and thats what they had to say about it.
>>16985282
>XRP has remained rank #3 on coinmarketcaps for 2 years straight
>its ATH is 3.60 and is currently .23 cents; meaning youd get a 1500% when the market rebounds
>LINK wont even be 100% up if it returns to its ATH again
anyone who thinks XRP wont reach its ATH and more again are complete retards that never looked at stocks during the 2008 recession.
>bUt RiPpLe Is DoWn 99%
ETH's ATH was 1100; meaning ETH is down 90%. Why are people so dead set on ETH returning to its ATH but not XRP? Are we just going to ignore that ETH is down 90% too and that LINK relies completely on ETH?

XRP is a ticking time bomb. Its the only crypto that gauranteed to be used globally by every financial institutions. I dont even need to explain why; just look up Ripple and XRP on the news.

>> No.16985326

>>16984975
You couldn't explain anything because you know it's shit, and it's not revolutionary because its already been done by other crypto's years before.

>> No.16985329

>>16985305
Because now you need to trust patreon or whatever that the money ends up at the company and that the money isn't siphoned off. The rules in the smart contract is immutable (mathematically impossible to change afterwards) so you don't have to risk it and trust your money with some company. And patreon can suddenly lose all their servers in a firestorm or humans might delete you from your system by accident or malice and then you won't get your t-shirt or whatever. While a ledger can't be changed back in time even if people try.

>> No.16985332

>>16985320
I don’t own any link, faggot. I’m looking for a reason to buy after missing the boat at $0.40 after the biz vets treated me like a common redditor and pushed me away from the gains.

>> No.16985333

>>16985302


Chainlink hodlers are unironically the highest IQ investors in crypto.

1. LINK investors have already made it. They are already up 1000% since 2018, the bear market, and now just waiting for the bull market to be top ten high net worth individuals in crypto.

Follow the money. follow Chainlink.

>> No.16985334

>>16985314

In order to be a decentralized network, every chainlink node (lol nobody is running fucking nodes because it’s a scam) would have to be owned by a person with a similar philosophy on the monetary policy they want for the coin. This works for bitcoin for obvious reasons (digital gold) but alt coiners want to inflate the supply of their currency and print free money for themselves because they don’t give a shit about digital gold, only scamming other people with bags.

>> No.16985335

>>16985318
I checked my wallet and I hold some LINK, so clearly he doesn't hold all the coins.

>> No.16985339

>>16984975
something something nobody uses it and nobody will use it because there are cheaper better alternatives
also something something centralized premined shitcoin

>> No.16985342

>>16985314
its a fixed supply, 1billion. dyor asshat

>> No.16985343

>>16985332

Go buy it and get scammed for all i fucking care you goddamn brainlet.

>>16985333
Just hold bro! Surely sergey won’t keep dumping his coins on your head! He really believes in the project!

>> No.16985346

>>16985322


There was a time when XRP and LINK were both .25c.

LINK community tried to warn XRP hodlers that it was a scam and isn't going anywhere.

Some XRP investors moved their funds into LINK and it was the trade of the centruty for them. The other XRPers grovel at .20c now. so sad.

>> No.16985349
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16985349

>>16985335

>i have 0.01% of the scam coins bro lol ur so dumb

>> No.16985351

Sorry fren, we were only shitposting, y didn’t u read the white paper, link is actually awesome, why didn’t take a huge hit and buy a suicide stack...


Fuck you guys. When link takes off I’m killing myself on livestream.

>> No.16985352

>>16985349
I appreciate your concern for my financial well-being. But I'm not selling.

>> No.16985356

>>16985351

See these posts here for some insight into what LINK is and what factors will influence its price action:
>>16985029
>>16985114
>>16985153
>>16985275

>> No.16985357

>>16985342
I was inquisitive before and everyone told me to leave it alone and hold my money for something better. Why the fuck to you assholes insist on killing your own? I never did anything to anyone besides frogpost intermittently and condemn Israel.

>> No.16985361

>>16985329
yeah? i still need to trust them to send the fuckin shirt so what good does a trustless transaction do me?

>> No.16985362

>>16985352

I really don’t care if you sell or hold to zero. Honestly i don’t. It’s just fucking pathetic how dumb you guys are

>> No.16985371

>>16985356
I could take a large hit now and only buy up like 2500 stinkies after the exchange gets their piece. It’s too late for me. I’ll join the ranks of everyone else that wanted to make it but missed out because you fuck sticks thought it would be fun to meme a street shitter token into relevance while pushing everyone away from the real prize. My fault for being an idiot though..

>> No.16985375

Tried to explain to my brother tonight how retarded chainlink is. Maybe it’s just be but the words came flowing perfectly off my tongue in a fashion that abeam of light shined down on us. He understood how the premine and tokenimics are broken. Not to mention he grasped the fact that you can’t decentralize a central data source.

>> No.16985377

>>16985371
And no, at least I didn’t buy any BSV, for the record. I just wanted a little something to ease the pain of living.

>> No.16985378

>>16985371

If you think it's got a moonshot in it, then buy it. But whinging about how its bullshit you fell for FUD is beneath you, king.

>> No.16985380

>>16985322

No one will every use XRP.

1. Half the world will never use a USA made token within their financial system Russia, China etc..

2. Stablecoins make XRP obsolete

3. XRPs best hope was its partnership with Corda. But SWIFT has already come out and said Corda is too imature for them to use them. RIP XRP

4. Ripple news of IPO makes XRP irrelevant. why? because once you are a publicly traded company the CEO has a fiduciary duty to the stock holders. Guess who doesn't that include. Thats right, XRP is now used as an asset to enrich and maintain Stock prices. Ripple will be dumping all their XRP to maintain quarterly positive net flows.

And, if Ripple the company fails or decides to file BK. Guess what is sold first to pay out their Bonds and Stock holders. Thats right, XRP sales. Again, they are bound by law to make their investors whole. not XRP investors.

5. with an IPO they are so bound to their stock holders they can sell all their XRP on the market and create a new coin if they want just to fill the bank and start fresh. They owe XRP nothing and are not legally binded to them what so ever.


So sad that XRP army IQ is so low they haven't figured this out yet.

>> No.16985390

>>16985378
Do you know anyone that’s willing to visit and shoot me in the face when I’m not expecting it? I’m too cowardly to do it myself.

>> No.16985392
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16985392

>>16985332
>>16985333
LINK didnt even moon that hard compared to other crypto. It just survived and went up not even that much up through Sergey's pure lobbying at SWIFT and google. There have been so many fucking ICO's and other altcoins that have literally 1000% peoples gains, and /biz/ never bothered to report it at all because its a chainlink cult. To say that you think you missed out on Chainlink of all things shows you never actually bothered studying crypto, and just saw what memes have been posted on /biz/

Look at ATOM Cosmos. If you bought that coin in september 2019, youd be up 400%

>>16985346
>XRP a scam
>completely ignoring how its being name dropped by the fucking US congress and hundreds of banks have already tested it
im so sick of explaining shit to you new fags.

Are you even aware what a circulating supply is? You do realize, XRP was was literally .002 cents at one point? XRP has broke new grounds LINK could never imagine breaking. And what are you even trying to brag anyway
>HAHAHA, MY SHITCOIN HAS ALREADY MOONED ALREADY
>YOU SHOULD INVEST IN THIS COIN THATS ALREADY PUMPED INSTEAD OF LITERAL LOW HANGING FRUIT

btw, I literally held LINK since 40 cents and sold recently to go all in on XRP
>>16985371
youre a retard

>> No.16985395

>>16985357
the 100 link you may or may not buy isnt gonna change my life, sorry if you feel we should be invested in your financial decisions. maybe try growing a pair and take a stand either way about it and not having regerts

>> No.16985396

>>16985375

Lol the stinky linkies hold large bags and will hold to zero, lets laugh in their faces

>> No.16985402
File: 48 KB, 916x786, LINKROI.jpg [View same] [iqdb] [saucenao] [google]
16985402

>>16985392
Its so sad that you can't even do the math on profits. Here is a picture for low IQ individuals.

LINK keeps going up. Nothing to stop it.

So sad that you will stay poor.

>> No.16985404

>>16985392
I want to die. :)

>> No.16985407

>>16985402

Ummmm have you ever heard of a pump and dump scam with no fundamentals? I mean... you would have heard about this sort of thing.... right?

>> No.16985412

>>16985390
Pull yourself together, Anon. You missed out on the first leg up. There's still much value to be gained, though.

>> No.16985414

>>16985404
I have the cpap mask and tubing ready. Just need the tank now and I’m good to go. Thanks everyone for the hope, even to prolong things just a little.

>> No.16985439

>>16985380
You heard the man. Buy ripple stock once the IPO starts.

>> No.16985450
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16985450

>>16985380
1.
>completely ignores how fucking JAPAN was the first banks to test out ripple
2.
>thinks spouting the stablecoin meme actually means something
3.
You are literally lying.
4.
wrong. the IPO is literally is whats going to make XRP even more official. Do you think all the companies behind crypto currency just start from scratch? Theyre given money left and right. All XRP is doing is making it public, and not selling their supply on the market for funds, unlike sergey
>And, if Ripple the company fails or decides to file BK. Guess what is sold first to pay out their Bonds and Stock holders. Thats right, XRP sales. Again, they are bound by law to make their investors whole. not XRP investors.
literal fanfiction.
5.
>WAAAAAH, MUH IPO
kek. you have no idea how revolutionary it will be for a crypto company to have an IPO. The greatest tech innovations of all time came from developers breaking the rules. And thats what Ripple is doing; they are literally setting new ground.
>>16985402
>muh ROI dick measuring contest
XRP was literally .001 cents at one point. Why do you keep ignoring this?

>> No.16985455

>>16984975
It would be if they knew what they were doing

>> No.16985470

>>16985407
Oh yeah, sure but its not dumping and fundamentals strongest in crypto.

So sad you are gonna stay poor.

>> No.16985471

>>16985450
>1. Half the world will never use a USA made token within their financial system Russia, China etc..
CHAINLINK WAS MADE IN AMERICA YOU DUMB FUCKING AUTISTS

AHAHAHHAHAHHAHHAA

>> No.16985481
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16985481

>>16985470
OH NO NO NO NO NO

>> No.16985491

>>16985481
>lower highs
that's bullish!

>> No.16985493

>>16985450

JAPAN, lol. Wow, that is hilarious. Let me guess, your about to throw out Western Union.

Again, think about it or just try to. fiduciary duty starts with the stock holders and bond holders. XRP is just an asset they can dump to make them whole or paint the quarterlies.

Unfortunately for you. I am right. XRP holders are the lowest IQ because yes, Swift did indeed say that Corda is too imature and they are not going that route. Good luck finding that in their latest documentation. It will take some time for you, sure. Thats why you are destined to stay poor as you hold on and then confirm when its too late.

>> No.16985498
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16985498

>Linkies keep thinking their "pump" in summer 2019 was anything special
>completely ignores how every coin was mooning in summer 2019
Linkies did the same shit with the 2017 bullrun

>> No.16985501

>>16985471


You idiot, Chainlink is not a cryptocurrency as XRP claims to be the worlds financial cryptocurrency.

Again, XRP investors showing they have the lowest IQ in crypto.

>> No.16985512
File: 97 KB, 1200x675, Ripple-1200x675.jpg [View same] [iqdb] [saucenao] [google]
16985512

>>16985493
>no asian country will ever use XRP
>WAAAH JAPAN DOESNT COUNT
Also, what asian countries are using chainlink?
>Swift did indeed say that Corda is too imature and they are not going that route. Good luck finding that in their latest documentation.
>I SWEAR THEY SAID THAT
>I JUST CANT FIND THE DOCUMENTATION
>PLS BELIEVE ME, I KNOW THEY SAID IT
do you know what the mandela effect is?

>>16985501
its still american tech you fucking moron.
>doesnt want to be global currency
no, it just wants to be the middle man of everything global currency. yeah, good luck with that.

>> No.16985524
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16985524

>>16985493
>WAAAAAH, NOOOO, NOT AN IPO, NOOOOOO
Ripples CEO even said that it will not be the only crypto to have IPOs nor even the first. An IPO is going to set new grounds in crypto- its something no other coin has done before. the Ripple stock is going to make XRP a household name and make it as official as fuck compared to your other backwater shitcoins

in other words, the Ripple IPO is a pleb filter.

>> No.16985527

start saving up money for the ipo and buy at least a small bag of xrp to see what happens. this is going to be huge

us ripple fags, we're going to make it

>> No.16985554
File: 3.70 MB, 2427x1920, 1576342934996.jpg [View same] [iqdb] [saucenao] [google]
16985554

>>16985527
https://zycrypto.com/xrp-to-hit-50-if-ripple-grabs-10-of-swifts-market-share/

Linkies just cant compare.

>> No.16985555

>>16985512

Poor low IQ XRPer. Can't even read and comprehend english.

Where did I say no asian country will ever use XRP? no where.

What I said that China, Russia, and most European countries will not depend on a USA made token for their financial transfers. Why would they? they are our economic competitors.

Japan sucks American cocks. So they will do everything America wants. But, that still doesn't mean they are gonna use XRP because well. no one is using them. lol.


So sad. XRP people will find out late that Corda is not used because SWIFT says its immature. Instead of fighting Anons on 4chan they could be doing some real DD. But instead. they put their head in the ground and cross their fingers hoping XRP doesn't go back to .01c.

Chainlink supports blockchains it doesn't compete with them you idiot.

stay poor anon. So sad.

>> No.16985577
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16985577

Its an api.
It grabs data and puts it into smart contracts.
And no you dont need chainlink to do that.
Its optional.
I know i wouldnt use chainlink.

>> No.16985599
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16985599

>>16985555
>reddit spacing
glad to know youre mentally handicapped.
>Where did I say no asian country will ever use XRP? no where.
nice goal post moving
>China, Russia, and most European countries will not depend on a USA made token for their financial transfers
>XRP = US dollar
retard. Even if that is true, SWIFT still has shit ton of money going through it. XRP would just need 2% of that to megamoon to $10, read >>16985554

>Chainlink supports blockchains it doesn't compete with them you idiot.
are you going to ignore the fact LINK is in competition with many other decentralized oracle projects? Many of which are superior >>16985228
LINK's coding is so rudimentary, that Sergey was actually trying to patent it to make sure no one copies it.

All you do is shill
>MUH ORACLES, MUH ORACLES
but you dont actually no where LINK fits into the oracle problem with blockchain.

If Russia China and most european counties wont adopt american crypto, than LINK has no fucking purpose cause every non american and non japanese coin is a fucking shit coin.

>N-NOT TRUE, RUSSIA WILL USE ETH
>CHINA WILL USE NEO
and? it will then have to go through muh american LINK.
Whats stopping China from making their own oracles? China doesnt even want decentralized crypto and would prefer designing their own oracles for it.

>> No.16985611
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16985611

>>16985481

>> No.16985616
File: 638 KB, 2126x1122, LinkClut.png [View same] [iqdb] [saucenao] [google]
16985616

>>16984975
>Tried to explain to my brother tonight why Chainlink was revolutionary but couldn't figure out how to put it into words concisely
I find this image works the best

>> No.16985659

>>16985334
>alt coiners want to inflate the supply of their currency and print free money for themselves
Let me put this in brainlet terms for you:
Supply go up. Price go down.
No LINK holders want the supply to increase, because that would dilute the price and make the network insecure.
>>16985362
>I really don’t care if you sell or hold to zero. Honestly i don’t
>12 posts by this id

>> No.16985671

>>16985659
hes talking about alt coins, not the link coins you stupid retard.
>No LINK holders want the supply to increase
SERGEY DOESNT GIVE A SHIT ABOUT INVESTORS

>> No.16985684

>>16985599
Wow, just reading this made me realize $1000 LINK is truly possible because you are the typical investor that will only truly realize what's happening after LINK hits $50.

It's like people told you about bitcoin. But you missed and now fomo in at 8000.

It's like people told you about Eth but only now are you stacking it.

And its just like now how people are telling you about LINK and you just cant comprehend what's going on.

History maybnot repeat but it rhymes.

>> No.16985704
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16985704

>>16985684
>reddit spacing
>ignores all the other oracle services and the fact Vitalik prefers Augur
>thinks LINK is ETH
>thinks i own that outdated piece of shit bitcoin
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.

on a personal note, sorry guys but you chose the wrong horse. you even probably fudded a project that should have taken link's place. this is nobodys fault but your own and that walrus sirgay

>> No.16985714 [DELETED] 

>>16985671
>>No LINK holders want the supply to increase
>SERGEY DOESNT GIVE A SHIT ABOUT INVESTORS
Try and write coherently. What point were you trying to make here? Do you understand the terms we are using here, like "supply" and "demand"?

>> No.16985862
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16985862

Chainlink is will never moon. The real obvious flaw with Link is the price. Say some big company (Amazon, Swift Fedex) wanted important price data to be verified through Chainlink's oracle network. They would pay a large fee via the Chainlink token to secure their stake in the smart contract.
Here's the kicker: regardless of the price of a token it will always be divisible by USD. Whether LINK is worth $1 or $1000. It doesn't matter because the price can be divided by how ever much they want to stake. There is no reason for the Link token to be worth a lot of money. If I was the company putting in $500 toward the smart contract I'll just buy 1,000,000 Links. Who cares? That would make Link worth 0.000005. Ok, great well it still works. Lol Honestly they should keep Link at $1. That would be easier to market to their clientele of boomer business owners. Sorry you bought a token that has no need to actually grow in value.

>> No.16985982

>>16984975
the blockchain is a shared excel file Here nodes write transactions, smart contracts are macros that can automatee transaction writing... the macros cannot access the internet, chainlink is a middleware allowing those macros to fetch data from the web.

basically blockchains is the equivalent of closed lan networks, blockchain with chainlink iz basically the internet

>> No.16986007

>>16984975
json parser

>> No.16986054

>>16985599
dude nobody is buying your fuckin XRP bags. stop spamming everywhere. this is a chainlink thread. you have plenty of shit XRP scam threads without hijacking this one

>> No.16986055

>>16985450
>Literally

>> No.16986066

>>16986054
He literally took a shit on LINK and linkies can not respond back except with memes
>it's the next eth dood xD
>this post makes me realize 1000 eoy
Imagine being BTFO this hard by a fucking XRP bagholder nonetheless hahahahahahahahaha

>> No.16986067

>>16984975
You're struggling to explain it because you still want to believe that there's some connection between price and actual utility. Just say it's some ERC20 token that might still pump in price even though no one will ever need it or use it for anything and 99% (including you) don't even know what it's supposed to do but still bought it.

>> No.16986124

>>16985361
I guess... But with chainlink it would be possible to interact with the outside world. It could require them to at least send something before getting all the money or whatever. If problem is trust (which there often is with cryptocurrency) then you potentially can fix it with smart contracts.

>> No.16986126
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16986126

>>16984975
Print it out, fren.

>> No.16986130

>>16986124
Chainlink does that a smart contract can interact with the outside world (check if package with t-shirt is sent before giving the last half of the money or whatever the contract states)

>> No.16986148

>>16986124
>>16986130
Chainlink is CENTRALIZED, KYC ORACLES.

It lies about being decentralized. You literally have to KYC and get approved by Sergey himself to have any reputation and get jobs. That's after 3 years and $40million in development.

They've done something that was already available, for free, since the first day that Ethereum launched. Hence why literally not a single dapp is using them in production 7 months after their "mainnet".

Oracles are useful. Chainlink is not. Learn to code brainlet. You've been scammed.

>> No.16986229

>>16986148
It is decentralised oracles.

>> No.16986404

>>16984975
Bitcoin: Decentralized gold
Ethereum: Decentralized computer
Chainlink: Decentralized real world data

>> No.16986590

>>16986229
>KYC
>No sybil resistance mechanism whatsoever
>Decentralized
KEK how low is your IQ? Sergey thanks you for your donation.

>> No.16986607

>>16986590
>thinks chainlink has stopped developing
I see that I am speaking with an intellectual.

>> No.16986821

>>16986590
>No sybil resistance whatsoever
>What is staking?
>What is reputation?
>What is optional kyc?
>What is SGX?
>What is user selection of oracles?

>> No.16986836

What does idex, fork delta and maker dao all have in common.
None of them use chainlink :O

>> No.16986842
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16986842

>>16984975

>> No.16986856

>>16985029
I'm gonna use this for a school project lmao, thank u

>> No.16986859
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16986859

>>16984975
2

>> No.16986875
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16986875

>> No.16987185

>>16984975
>why Chainlink was revolutionary

There's your problem. Chainlink is revolutionary but it's not the main breakthrough of the blockchain industry. The creation of smart contracts are. Chainlink is absolutely necessary, however, because it makes smartcontracts usable. You need to understand why smart contracts are so powerful and what kind of world it sets out to create. And how it will kill so many jobs.

Remember:

Ethereum (or whatever next big blockchain out there) == Computer
Dapps == Software
Chainlink == Internet

Now start answering the question of what are the main benefits of Dapps powered by smart contracts.

https://www.youtube.com/watch?v=Pl8OlkkwRpc