/biz/ - Business & Finance

>>18367791
It's literally the base of 4th industrial revolution

>>18367791
>i'm lazy spoonfeed me uwu
fuck off

>>18367806
>of the
Rent free

>>18367791
pee pee poo poo

It's everything.

>>18367791
I'm in the same boat
Yet all I hear is meming, so it's gard to take it seriously

>>18367814
>NO YOU CANT SIMPLY GET RICH SO EFFORTLESSLY!!! YOU HAVE TO KNOW THE HECKIN HEXARINOS OF THE HECKIN BLOCKCHAIN CRYPTO COINS TERMS! MY FRIGGIN 8 DAILY HOURS STUDY ABOUT INTERNET HECKING COINS!

>>18367814
Literally

>>18367791
>>18367839
Im relatively new as well, so i understand how you feel. You really do have to do your own reading. There's too much to explain succinctly here. It won't take you that long to get the beginning concepts, a couple hours tops if you're starting at zero base knowledge like me. Start by looking up articles on blockchain. Understand how blockchain works, then bitcoin, then "the oracle problem", then how chainlink attempts to address the oracle problem. It all SOUNDS promising. But read the criticisms too. Skeptical anons do bring up good points. Anyone who recognized the potential and got in a couple years ago was the smart money. Talk of muh 1k eoy is bogus. For something that will eventually require wide spread acceptance to be successful, to currently have zero relevant players actually on board is discouraging. Disclaimer: I do not own any link, i do not have any incentive to shill it. I considered buying the corona dip, and obviously wish i would have. But who fuckin knows if it'll keep going up now. Probably not by much anytime soon

>>18367965
Shut up faggot. $1k EOY

>>18367846
Cope and dilate

>>18367791

>>18367791
Its a neo nazi coin faggot whatchout bro

>>18367791

Because I feel bad for OP not getting any serious replies, I’ll redpill him.
Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>>18367791
>>chainlink meme photo
>>i am so excited for you bros
>>imaginary ranks
>>just keep buying bro, just keep buying
>>no matter what don't stop buying
>>HODL the imaginary line bros
>>bitch boy captain, general, whatever makes it seem like we're tough internet boys and not retarded faggots getting gagged, hooded and branded by our master sirgay
>>implying any of these memes are fucking organic
>>two thousand seventeen hype, convinces other anons since this fat fuck browses here, uses the money to make meme artists and pay oracle and google to blogpost and waste their time
>>stuck in the water with a useless ERC721 protocol despite the fact ERC20 worked better
>>fud the shit out of other tokens and strangle organic growth. why? because im a fat faggot with a philosophy degree and dont understand tech but know how to be a cut-throat ruskie
>>shelled out, dried out assholes running a literal fucking scam
>>SEC GET ON IT

>SEC GET ON IT

>>18367791
stfu fagot, by my bags at 150 USD

>>18367846
ok so buy it big boi
I promise it's legit

>>18367965
>>18368051
Finally, thanks for the insight anons. These are the first posts ive read about LINK in the last week that dont sound like schizophrenia or memes. Too hard to take this shit seriously although i really want to.

>>18368157
are you being serious?

>>18368157
Is this bait???

>>18367846
This but unironically

>>18368157
No problem.
Gotta help out the newfrens when you can.

>>18368157
The reason the other anons are laughing at you is because this (>>18368051) is a pasta. I won't make any value judgments of its contents, cause im not certain myself.

>>18367791
Bitcoin: peer-to-peer money

ETH: peer-to-peer financial products, but without external data (“smart contracts”)

Chainlink: peer-to-peer connection between smart contracts and external data.
(e.g. “sell x amount of gold if it hits y price” with zero reliance on some company’s software/systems/backend)

>>18368485
you just need to trust that the fat faggot Sergey doesn't dump 65% of the supply on you. Something he has literally no legal obligation not to do so. that or that the cretins over at chainlink don't fuck up and check the price of XAG when you wanted XAU.

This thread is topkek.
OP no one is spoon feeding you, look back in the archives and you'll see hundreds, if not thousands, of serious LINK discussion threads, mostly repeating the same sentiment, the Chainlink oracle network, paired with a smart contract platform brings smart contracts mainstream and actually useful, if you want to know how, why and why it's huge, you can look back yourself

>>18367791
a fucking ERC20 Token of an open source project, which anyone can copypasta. Don't hold this shit longterm

Don't listen to all these larping gatekeepers, just listen to Sergey himself explaining it https://youtu.be/0XpOItWbNrw

That's his most recent talk, the wierd background music is to mask the jump cuts the uploader has made to speed it up slightly. It's still good as a starter for 10.

>>18368542
>hurrr Sergey will dump
Congrats on your pre-ICO fud anon lmao.

>or that the cretins over at chainlink don't fuck up and check the price of XAG when you wanted XAU.
Chainlink isn't going to keep writing the contracts beyond this initial phase.

>>18368596
>which anyone can copypasta
And yet not even Google, Oracle, or even fucking ETH will do so.
How very odd, huh?

>>18367791
The universe repeats due to a technological singularity event of our consciousness in the future that has already happened. We have have already become God

>>18367791
I'm actually more qualified to talk about this than most anons. I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit.

>>18368157
Wanna ride together, Anon?
Let's go in small at the next dip.

>>18368781
Good post. This argument is why i ended up not buying link. Though again, wish i had for the easy x2. But anyone expecting x10 at this point is probably gonna be disappointed

>>18368760
sounds similar to this book Physics of Immortality

>>18368908
that's copy pasta doe

>>18367791
I got you brainlet.

https://www.youtube.com/watch?v=XIB2gs9EVXQ

>>18368554
any specific titles of what these threads are called so I can look in to them?

>>18367791
> What is link?

A centralised pre-mined shitcoin and meme-based Ponzi shilled by russian bots, why?

I'm a Russian bot and I'm all in LINK.

I only have 100k Link which is nowhere near enough to actually make it.

All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda. It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump.Link is only going to $10 max. Right now I might make 1MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 1MM into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 2MM, but more likely 3MM to make it. The upper predictions for Link where about $60 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity. All of that isn't going to happen anymore.

The singularity is cancelled. Now we will have a slow growth to $10. And the sad but ironic thing is most people on this board will hold from 20 cents, to $10 and then hold all the way back to sub $1 again because you all believe the 1k eoy memes, and just like the retards who held BTC and didn't sell at 19k, you will do the same with Link at $10. Looking at the current charts depresses the fuck out of me when I know I only have 100k Link, nowhere near enough to make it.

At best I will have 1-2 sweet years, and then return to wagecucking after that. But it will be worse because I will have tasted freedom and know what I am missing out on.

>>18369985
>the argument becomes bad if it's repeated several times
i love this meme

>>18368448
You’re such a fucking fag. Please stop posting on our board you fucking buzzkill.