/biz/ - Business & Finance

>>19418195
I have link and I still don't get it

This has nothing to do with chainlink

Pre revenue 2.5 year post ico

>>19418195
>he thinks he will be able to steak link anytime soon
>he thinks he will be able to steak link at all instead of Sergey giving the same speeches and showing the same slides for two more years

Staking for a centralized collateral system no one is even going to use. BRAVO SERGEY

heres a whole thread that explains in retard terms why LINK token will never be used.
>>/biz/thread/S19402376

Imagine waiting until q4 2021 for staking

>>19418270
you had three years hans

>>19418285
fake, see pic

>>19418285
all these linkers are losing their shit over every partnership. Even though this is making customers adapt to just using the link network with no tokens involved. Its literally Ripple all over again where the network is being used with little token usage.
Why cant you linkers understand, YOU CAN USE THE CHAINLINK NETWORK WITHOUT USING THE TOKEN AT ALL. Thats whats happening literally right now. Your collateral system is fucking useless >>19418270

>>19418298
i sold link in 2020. Its useless. I btfo all your points itt
>>/biz/thread/S19402376

>>19418195
What ever happened to that faggot “insider” that claimed
>the bots are turned off
>sell now
>price will drop
>i meant sats will drop
>i sold 38k coins “above $4”
>provide you a screenshot? No way!


Where is this little bitch?

Lets take a vote
Was he a
>band protocol fag?
>bsv fag?
>xrp fag?
>some other fag?

>>19418307
>I btfo all your points itt

No you didn't, when I started to individually address your autistic points you said you had to go

Now go and pre-order an ID.3 so my VW shares moon

>>19418270
linkies btfo

>>19418195

>>19418271

>>19418312
obvious some other autistic entity is keeping LINK afloat living on the deluded dream the collateral system is going to be a massive failure.

Whale teams are not the smartest people in the world. You newfags dont realize but these whale teams would do q&as back on /biz/ in 2017ish and actually provide proof with wallets. They pump the most laughable shit in existence, i knew a whale team that was holding onto to ARK coin

>>19418195
five words

SERGAY
BETRAYED
US
ALL
WEWERESUPPOSEDTOBEALLINTHISTOGETHER

>>19418321
>lying this hard
everyone can read the thread kid
>>/biz/thread/S19402376

Anyone who thinks collateral will have any purpose is beyond retarded. I debunk every single point you have.

>>19418331
>new fags

Bought in at ICO

Cope you small dick piece of shit

>>19418347
>he thinks buying LINK ico makes him an old fag
LOL. Youre telling this to someone who rode the ETH hype train. You have no idea how great /biz/ was before linkers showed up. Everyone knew from the get go decentralized oracles are literally impossible. I spell it out itt for brainlets
>>/biz/thread/S19402376

>MUH 3 YEARS
i bought link in 2018 son. sold in 2020

>>19418341
yep everyone can read your thread and how, for example, you don't need collateral because we can just "establish an average" for eth

or we can "establish an average" for whether or not some truck delivered a shipment

>>19418360
Imagine selling the best investment of your life.

Why are you here if you sold?

Go live your happy gay life.

Stay poor and gay.

>>19418360
43,000 euro

That's all you need. 10k Link, 1 LP.

That's all you need. You can stop this FUD. You can get on the train with us winners.

>>19418270
according to this, i could run a node publicly without collateral and stake my "business reputation" instead
making link totally useless

>>19418362
>establish an average without shitty collateral system
are you aware how autistic you sound? Its like you have no idea what a mathematical average is
>>/biz/thread/S19402376

kek. im not gonna argue with you again. Anyone can read the thread

>>19418370
>imagine selling the best investment of your life.
imagine holding the top of an investment. All you linkers act like the price is gonna skyrocket once staking is announced even though historically almost every single coin that has staking dumps immediately after.

LINK is fundamentally retarded. Everyone who isnt a 2018 newfag already knows this.

>>19418387
Ok, and what if you fail at one task that results in a multi million dollar smart contract executing incorrectly? You can still boast about a 99.9% success rate or something, but somebody just lost millions

What if you spend a few months building a reputation for oracles that run on smart contracts in the value of a few thousand dollars then suddenly someone makes an options contract that settles for millions and they decide to bribe you?

Why do you think the largest chainlink node service provider, Linkpool, who certainly have a large reputation, also plan on staking large amounts of LINK?

>>19418372
i gauranteed i have more money than you. thats all linkies can do when their tech gets btfo, bring up their shitty networth
>babys first 6 figures

>>19418413
I don't think I brought up my net worth. In fact, I think you just did

>>19418411
WHOSE GONNA DECIDE WHATS THE INCORRECT TASK?
A CENTRALIZED SOURCE

You linkies act like you cant already take an account errors and outliers with a centralized system. An average is not a magical decentralized number. Its judt an average. If you want thr average, you can take it with no collateral. again, we been over this a million times
>>/biz/thread/S19402376

>>19418422
>he brings up a suicide stack implying i cant afford 20 of those
>IM NOT BRINGING UP MONEY AT ALL
looool

>>19418425
>WHOSE GONNA DECIDE WHATS THE INCORRECT TASK?

doesnt make sense. you mean who's going to decide what the incorrect answer is?

answer is the decentralized chainlink nodes. not sure what's centralized about that.

>>19418433
I didn't imply that at all. In fact, I assumed you could afford the amount stated. I simply said all you had to do was spend 43k and you could be out of this misery and join us LINK winners for the imminent bullrun.

Once again, you are the only one talking about net worth here!

>>19418307
Here we go with the "x crypto doesn't need a token" fud

>>19418395
A true brainlet lmao

>>19418433
you are my favorite poster on this board. you btfo these fags every couple weeks and it's always fun to read

Ok FUDDers, answer me this.

Alice and Bob decide to bet on the 2020 US Election. Alice bets on Trump, Bob bets on Biden. They both deposit $100 million into a smart contract, and the entire $200 million will be paid out to the winner.

The smart contract will determine the winner based on a chainlink oracle with 20 nodes. The nodes are KYC'd. However, there is no staking by the nodes, and hence no issue with collateral.

There are a few ways it could be parametrised in the case that the nodes are not unanimous. They could say that if at least 15 of the nodes agree on who won the race, then the smart contract will determine that that person won the race and pay out accordingly. If less than 15 agree the contract could be said to be indeterminate and both bettors will just receive their $100m stake back. Or it could be a simple majority of nodes, so if 11 say Trump and 9 say Biden then Trump wins.

Now, as the night progresses it's becoming clear that Trump has won. Bob is turning to desperation as it looks like he's about to lose $100 million. He decides to take desparate action and attempt to bribe the nodes. Since they are all KYCd its easy for him to find out who they are. If he just needs 5 of the nodes to say Biden won to make the contract indeterminate then it would be easy enough for him to offer the KYC'd nodes, say, one or two million each if they vote Biden. The nodes themselves will lose reputation, but won't suffer any legal penalty. There won't be much of a game theory aspect involved, since if they decide to vote Biden but nobody else does they won't be fined. Overall, if bob spends enough money he has a decent chance of swinging this outcome in his favour

(cont)

>>19418791
Now lets say instead of 20 KYC'd nodes we have a mixture of KYC'd nodes and some less known nodes, all of which have staked chainlink. Because of the high value of this contract, they have all staked $2 million chainlink each, which they will lose if they give the incorrect answer.

The conditions under which they lose this $2 million could vary of course. It could be that If at least 5 but less than 10 people vote Biden, the smart contract itself will be indeterminate but they will still be penalised for giving an answer that differs from the majority. This can all be parametrised in the smart contract.

Now Bob decides to try his bribe again. Only this time he doesn't know who every node is so he can only bribe the KYC nodes, who lets say make up 10 of the 20 nodes. Suddenly it makes very little sense for the KYC nodes to accept this bribe

-If they vote for biden, but the other KYC nodes don't accept the bribe, then they will lose 2 million
-Even if most of the KYC nodes accept the bribe, if the unknown nodes don't then they would still lose 2 million
-On top of this they also lose reputation


In the first case the only penalty is "Muh incentive" but meanwhile the node operator is sitting on $2 million which is probably more than they would have made in a few years anyway. In the second example there is no financial incentive for the KYC operators to accept a bribe.

Where is rocket pool for link?
I want to stake 5k

>>19418791
This is faulty. Why the fuck does your scenario have such bullshit in it like people not knowing who won, why can't the two fags in your scenario just wait until the official morning news, why can't the contracts do the same?

>>19418334
B&R

>>19418791
>>19418839
I can't believe you actually wrote this. Didn't read it btw

>>19418791
>>19418839
Answer me you stupid linktranny.

>>19419464
Bump. I'm waiting.

>>19419269
They dont have the incentive to actually give the 100m
Once its in a smart contract, the payout is instant and the funds are locked until a resolution

>>19418285
By Q4 2021 my RSR will have made me rich already. Seethe and cope linkturds

>>19419269
Are you ducking retarded?

Op here on a different IP.

How the fuck does a smart contract just know who won the election? That’s the whole point of the oracle system, to tell it who won

Do you literally have no idea what a smart contract is?

>>19419955
Kek, you the type of guy to read a photoshopped picture and believe it. No wonder you hold rsr

>>19419973
>linkturd trying to look smart
stay poor

>>19420006
Compared to you I am smart, you have to come to a link thread and cling your shitcoin to the link name

this is the worst shit i have read in years, tweak a couple of numbers and it's always profitable to take the bribe. nobody would put up so much money without any insurance, some random numbers could fuck up and everybody would lose millions to a stupid bug or faulty game theory

>>19420293
>this is the worst shit i have read in years, tweak a couple of numbers and it's always profitable to take the bribe.

the amount that the guy is willing to pay to bribe is limited by the value of the smart contract. that's why the amount of collateral should be proportional to the value of the smart contract

will very occasional mistakes happen? possibly. but they will happen to others too and you gain their penalty, which evens it out

>>19419827
>>19419464
here's your answer:
>>19419966

>>19421005
>>19419966
Why would tou need an oracle to tell you who won? I could have told you that.

>>19421051
>>19421051

Okay

So how do you get this information into an automatically executing smart contract which will transfer 100 million dollars to someone?

>>19418270
>l-look at this thread I found being spammed by some low iq faggot who doesn't understand how the token is used and why it's preferable to use it by far
Wow massive checkmate there just sold everything

>>19418285
That's a confirmed fake, @toastertech1 admited minutes later that she was given an edited image

>>19418195
Literal vaporware. This trash is just a useless coin that a bunch of basement dwelling neets still hold on to thinking they will make it.

can any xboxhueg stack CHADlinkers drop a few (ChainLink) to my wallet please?

0x90022Ff416E12b9F9A65726E72bF26e4cC16BA8e

can any xboxhueg stack CHADlinkers drop a few (ChainLink) to my wallet please?

0x90022Ff416E12b9F9A65726E72bF26e4cC16BA8e

Please...

>>19421855
>POT in if
DUDE

>>19421855
What are you going to do with your break from /biz/?