/biz/ - Business & Finance

What's link?

>>17975321
Chainlink (LINK) is a decentralized oracle service, which aims to connect smart contracts with data from the real world. Since blockchains cannot access data outside their network, oracles are needed to function as data feeds in smart contracts. Oracles provide external data (e.g. temperature, weather) that trigger smart contract executions upon the fulfillment of pre-defined conditions. Participants on the Chainlink network are incentivized (through rewards) to provide smart contracts with access to external data feeds. Should users desire access to off-chain data, they can submit a requesting contract to ChainLink’s network. These contracts will match the requesting contract with the appropriate oracles. The contracts include a reputation contract, an order-matching contract, and an aggregating contract. The aggregating contract gathers data of the selected oracles to find the most accurate result.

>>17975321
Really? How long have you been here? Its an honest question I'm not judging you I just want to know. I'll help once you answer my question

>>17975321
>>17975352

He is correct. It might help to read the white paper and I can find a couple of videos to help educate you as well one sec

>>17975292

>>17975292
The drop is not yet over and its not about LINK. Chainlink is a solid project. Its about BTC and people liquidating BTC to get into USD as other margin calls are executing. This creates a cascading effect.

Next week mon 23rd will be another down day. watch out for it.

BITCOOOONNNNNNEEEEEECTTTTTTTT!!!

>>17975292
I think the DOW will drop to 14,000 and this will take down BTC and crypto one last time. They want all the normies who bought the dip to capitulate and sell. I think LINk would be around $1.00, maybe $0.90 in this scenario. Alot of people think it can't go below $1.40, so there are probably alot of sell stops below there.

Does going going down a lot further than 14k no company has any income right now

>>17975533
Checked.

Bottom is either 15K or 24K sats..

>>17975468
>>17975497

Thanks for the legit responses.

>>17975468
Why Monday just when the traditional markets open again? So people will sell BTC to cover their margin in trad markets basically. Crypto has been pumping while the rest is dying the last few 3-5 days or so.

>>17975497
I agree with the sentiment. To expect the pain to be over seems naive as hell. Corona is just starting in the US basically. The next 2 weeks are unironically crucial. If we take severe measures we can flatten the curve to almost nothing. Thousands are testing positive in the US now and we are right where Italy was before they got overwhelmed. Some of increased positives are just from more testing available though. Do you have any particular reasoning you think it can go that low. As you said, thinking it can go below a dollar seems like insanity although it could be for just a second and pop back 50% etc the swings have been wild. You are right though they are doing basically whatever they can to get people to sell or stop losses triggered that people really thought wouldn't get triggered.

>>17975592
That's one hell of a range. Lol are those supports?

Reminder that we are in the midst of a great transition of power. Pedowood is being cleansed as we type along with political and other important figures. If you believe in Q (17) and trust the plan it's happening now under the cover of the virus (poisoned adrenochrome supply from wuhan).
This means that the recent drop was due to elites selling massive stacks of crypto and stocks and metals to try and bribe their way out of this pickle.
It also means that once existing power structures has been dissolved or cleaned the stage is set for a vacuum effect which is usually dangerous and violent.
However institutions have been here building and investing for years. And link has years of progress ahead of the competition.
The chaos will bring us into the spotlight. People will be unsure because this isn't like windows and gates being welcomed into the pedo elite this is a fresh new start. God be with you all.
Praise kek.

>>17975468
>>17975497
This desu, we'll experience link sub $1 around eom. It will be a great opportunity for the stacklets to go in.
But don't FOMO in, we are in for months long bloodbath on the stock markets, so as far as we know CL could even dip lower. If economy get truly obliterated and/or a war get started on a global scale, hodling shitcoins will be the last thing on ppl's mind.
Average in, putting 7% every week when the sub 1 bux happen.

>>17975612
The Coronavirus is just a cover story. The real cause of the collapse is that Trump's tariffs caused Chinese and European manufacturing to contract, and then the American businesses that we're dependent on cheap imports also contracted. China used the Coronavirus storyline to keep all of their plebs indoors and off the streets, because millions of unemployed workers might protest, riot, and migrate into the surrounding regions. Europe and America are now playing along with the Coronavirus storyline for the same reason China did: to keep the unemployed off the streets and to stop them from blaming billionaires, corporations and politicians.

Goldman Sachs estimates that when unemployment numbers come out this month, that they will be 10x what they were last month. Those unemployment numbers are what I expect to drop the stock market another 40%.

I believe this crisis is being engineered to trick the middle class into selling their stocks, bonds, real estate and LINK, before mainstream corporate and government adoption of blockchain technology..

>>17975695
>>>/x/ is that way, schizo

>>17975695
>>17975695

Yes I'm familiar with all of the theories and have been following from the beginning. I made some of current events breakdown threads you will find on /pol. I'm somewhat concerned its controlled oppo and this event is being used to take our rights while we trust the plan so to speak but it more looks like they hate Trump more than anything so I think he is likely a patriot on our side. More evidence leans to the latter luckily.

You are right though. If we move to a digital smart contract based society Chainlink is the only option and will be invaluable basically

>>17975750

Its funny you say all of this, I thought something similar that Corona was just an excuse to finally deflate the market as it was clearly unsustainable. It had to happen eventually.

>>17975707

I'd vomit if goes sub $1 but will not sell ever. I've already been through insane swings and they mostly have no effect on me but it would be insane to say the least. I just don't know how to play this right now. They always trick everyone thinking its going to dump and then moons etc especially when it doesn't make logical sense

>>17975292
Imagine if there was a world event that made leaders realize an unforseen downside to their existing trust enforcement apparatus and made them eager to make their business model resilient to such events in the future.
Imagine.

>>17976132

>>17975750
>I believe this crisis is being engineered to trick the middle class into selling their stocks, bonds, real estate and LINK, before mainstream corporate and government adoption of blockchain technology..
The people in power will always try to keep it that way. I will not be surprised if this randomly moons at the very bottom. It could do the opposite to what people expect but what the Big dogs want.

Then your loans with intrest will be the same in crypto as fiat... lol
I'll be mining more gold for fun and a cover bet.

>>17975927
this last btc pump was retarded, no fundamentals at all. it's just a good lesson never to swing when there's so much uncertainty like right now (after the 50% dump)

As always, the /biz/ motto for BTC remains: trust the Cartel

>>17975823
Explain why everything literally everything crashed then fren. Elites especially celebrities have run out of bargaining chips and they're desperate. This is an incredible undertaking much bigger than dealing with the mob but very similar since they're powerful and can infiltrate existing centers of power. Also they control the media. They are the story tellers and what they say is believed.
>>17975870
If he is /ourguy/ then we should trust the plan but continue to spread the word. Link is in an excellent position if adoption happens. Under the guise of deadly viruses especially even boomers could see the logic. It changes some of their customs like handshakes and looking someone in the eye but maybe someone will make a vr boomer simulation.

>>17976224
>It changes some of their customs like handshakes and looking someone in the eye but maybe someone will make a vr boomer simulation.
Kek'd IRL at this.

>>17975750
Tariffs don't cause foreign manufacturing to contract; they cause American purchasing power to decline, which forces up the savings rate.

>>17975292
I'm pretty sure LINK is in a stabilized channel, $2.00 USD with a fluctuation of 5-10% up or down.

I doubt Sergey keeps an eye on the price too much. Him and his team are just working away.

Wouldn't be surprised if we see $8-15 LINK by the end of the year.

>>17976224
Everything has crashed because the global economy is pulling an emergency brake because of corona virus. All while we’re at the tail end of bull run the past decade. Institutional money gets bearish until it’s bullish again. If you wanna bust out a tin foil hat and think there is collusion amongst the “elites” that caused this go for it.

>>17975497
Remember the six centillion. I would legit not be surprised if they tanked Link to less than a cent. Theyre going to violently shake out as many of us as humanly possible through a combination of economic warfare, psyops and fud.

I will not sell a single Link. My hands and my will are both steel. Bring the storm.

>>17977844

This will be my last post on /biz/ for six years. I fully expect to find out that I am extremely wealthy by watching football one Sunday afternoon and idly watching an ad for some new product, and at the end it will say "Powered by Chainlink"

>>17977844
>>17978005
based im not fucking selling

>>17978005
See you tomorrow bud

>>17977833
Yes I'm sure that 10k deaths are enough to destabilize the entire global economy especially when invisible tiny monsters are coming to get you except we name them differently. Statistically you're probably more likely to die of literally anything else. This is just like global terrorism kek. You're blind to an abstract (the economy) but you don't correlate unit level phenomena and existing power structures. This is a modern witch hunt and the witches are doing the same as they always have: killing children to appear youthful.

>>17975823
i don't think you realize who you're talking to. respect

Frens if you want to watch the existing power structures and centers be swept away go onto earth cams and watch certain popular landmarks like times Square. Yes rioting is a problem but more so would be celebrities telling their followers specific things like go out and loot. Check out Ellen Degenerates Twitter and see the symbolism in cards (cartomancy) and clothing (color symbolism) she wears. Look at the meaning behind the illusion. Godspeed frens we're all in this together.

>>17978481
It’s the fear that is driving the downturn and not necessarily the mortality rate. Given the fact it is highly contagious compared to the common flu and you can have it and infect others for a week before you show symptoms it’s naturally going to scare everyone. If you genuinely think there is a small group of people that have orchestrated this sure hold your baseless beliefs.

And there would be alot more than 10k deaths right now if it was simply ignored and the measures being taken are reflected in the stock market in the short term.

13 out of the 14 outbreaks in the past 20 years have recovered their stock market losses in 6-12 months.

>>17975695
I don’t believe this. But I do hope Q tards are correct.

So who exactly is gonna be adopting link for it to moon? I’m gonna invest after the next bloodbath

>>17979408
So you don't think whales control markets? There's no such thing as market makers right? And if these market makers existed they exist just to watch charts and dump on unsuspecting normies? They don't have lives with unlimited wealth they just watch charts?
Fear only serves a purpose. If you believe hardcore Qanon stuff then the narrative is
> Trump caused adrenochrome supplies to dry up
> This forced the cabal to seek alternative supplies of synthetic adrenochrome that was manufactured in wuhan at the L4 biolab (follow the white rabbit = adrenochrome molecule rotated sideways)
> The supply was tainted by agents (unknown who considering trump admin only trusts the miliary)
> The virus mutated into multiple strains but everyone equally seeks medical treatment
> Categorization of which strain was contracted allows authorities to sort out the ones they're looking for
> Some strains are serious but they mostly kill old people with existing medical conditions (collateral damage unfortunately)
> "Registation.info" shows you how many ceos and execs have stepped down (muh whales)
> Celebrities sell off assets to liquid wealth in order to escape
> Countries begin to ban travel (US to Europe because of no extradition treaty, UK is okay because of strong extradition treaty)
> Other countries like Australia have Tom Hanks in custody but don't want to clean up US mess so close borders completely. NZ does the same.
> Panic buying is disseminated by the media under the control of rich and wealthy people.
> Classic class war ensures

We really need to break down this notion of fear. Why are people afraid when heart disease kills more people every year but people choose to eat fast food. Why are we told constantly that this virus is a threat? Personally I believe it is a scapegoat like global terrorism (weaponized fear) that allows specific ends to be accomplished like the creation of paramilitary style police forces.

>>17975707
shut up, doomposter

>>17979751
I can't wait to see Hollywood production of this.
>Seth Rogan stars in TRUST THE PLAN

>>17977833
>the global economy is pulling an emergency brake because of corona virus

Or more likely the coronavirus is just a convenient scapegoat to sell to the masses as "the reason why" the economy crashed

Link is definitely an israeli scamcoin, im almost positive at this point. Definitely staying away.

>>17979777
Because heart disease and smoking kill you in slow motion. No one is scared of the threat of dying 30 years from now due to eating too much fast food.

But contracting a virus that could potentially kill you within a week or two? Scary stuff indeed

>>17979777
I completely agree with you though, that this virus is just one big smokescreen to hide the truth from the public

>>17978005
See you tomorrow !

>>17979953
Sure for the target demographic but for everyone else ie the next generation its a nothing burger.
>>17979964
Well it seems either the government has things under control and it's all part of the plan or we have deep systemic problems involving capitalism, supply chains, globalization, and the medical industry to which we might not have a solution.
Qanon is comfy because there is a solution. The alternative is that unknown individuals are highly disorganized but panic at the slightly change to the world. We can't weather shocks because we're so flippant. I agree it's confirmation bias but i want to believe.

>>17975612
1.50 is out.

I was one of the longers who contribute to the domino effect happened in Scamnance.

If I didn’t cut some of my losses, I would be out as well. But looking at the agressive dumped they did, 1.00 is a probability. It is where everyone will get rekt once again.

CZ is bringing a game where the biggest bull of the marines are forced to sell.

>>17977844
My average buy in is at 37c. If it drops that low I'll buy a fucktonne more, if it drops to sub 1c (lol) there's really no point in selling.