/biz/ - Business & Finance

If you fall for this, you deserve to lose all your money.

You know that 100 companies were listed as tech pioneers right? MakerDAO and Lightning Network were also listed. Not to say it's not bullish but singling out chainlink as if it was "THE" tech pioneer chosen by WEF is a bit misleading

>>19772446
Those were DeFi, LINK was the only oracle.

>>19772446
if you look at the previous years other blockchain companies similar to makerdao and lightning network have been listed as well but chainlink is the only blockchain oracle

>>19772464
Right, just saying chainlink isn't unique in terms of being a crypto selected as one of the tech pioneers. When it comes to oracles, I doubt anyone on biz truly believes any competitor stands a chance

Some information about the PSD2 legislation

https://ec.europa.eu/info/law/payment-services-psd-2-directive-eu-2015-2366/amending-and-supplementary-acts/implementing-and-delegated-acts_en

PSD2 is basicly going to be the fundament of open banking. Do you guys really think banks aren't doing anything about on blockchain. There are already shitloads of articles about an European crypto currency and if that shit happens it is going to happen in partnership with link. When they come with an European crypto they will use the API's they have to provide to link it to their banks with the help of chainlink

>>19772709
How much moolah we talking about then?

>>19772830
what do you mean with moolah?

>>19772870
$$$

>>19772870
>>19772830
>how much is our stinkies gonna be worth?

>>19772709
>>19772587
>chainlink will he used for psd2
That’s fucking retarded unless you can back it up with facts

>>19772446
they need to throw in some pieces of shit to throw the goyim off the scent

>>19772876
I think we will do a x 5 at the end of summe, so around $20 a token
Overall link has to potential to reach the same worth of companies like oracle and adyen

>>19772957
BTC has already surpassed the worth of Oracle during the last bullrun. In fact, as of today, it is still worth more. I dont think anyone even fully grasps what we're all buying yet.

>>19773005
We’re not even buying a company though, we’re buying a piece of a protocol/network.

If Block chain suppose to be 10% of global GDP by 2027, and LINK is industry standard, the network may be worth like $10-$20 trillion with more room to grow.

>>19772870
The more moola you have, the merrier life will be. Moola is the ruler of life. March your way to millions of Moola.

>>19773060
Is this all just cope though? How could we really be chosen like that?

>>19772364
For me it was the Swift and WEF connection + the shilling from Gartner and Capgemini, very odd high profile connections for this little startup...
Then when I read the Whitepaper and looked into Ari Juels I knew I had struck gold. I went all in and been holding ever since. Been over 980 days of Hodl for me so far.

>>19772957
Chainlink has way way more potential than that. There is hundreds of usecases and many of them havent even been discovered yet.
If you look at it long term, like 10+ years in the future, I think it is safe to say that the sky is the limit.
We all gonna make it.

>>19772364
Nice Post, mate. Hold fast, marines!

It really feels like theres a bunch of ppl specifically employed to try and shake us out on here at times. Why would people go to such lengths? There's ppl here all day, every day, fudding like fuck. That really ought to tell us something. They know we're all gonna be multi millionaires and they're being employed to minimise out numbers. Last few weeks it has been so obvious. Nice one, fellas.

>>19773117
That the value that the think thanks gave and even they are conservative with it, it actually might be more. I don’t think there is any law in the universe preventing a few neets from getting rich. We were just lucky.

>>19772939
so let me explain a few things first

the reason that PSD2 was introduced to create a open banking system. This legislation is a step towards a digital single market; it will benefit consumers and business, and help the economy grow

PSD2 went into full effect on 14 September 2019, but due to delays in the implementation, the European Banking authority allowed for a time extension until 31 December 2020

>>19773145
I knew i step on a gold mine, when FUD involved setting up fake accounts just to shake people out.

>>19773186
It wasnt just luck, it took many many Hours from very dedicated Anons to uncover all the breadcrumbs.

>>19773302
and PSD2 thats just Europe, in Singapore, Hong Kong, China, Japan, Australia, New
Zealand and the US they are building similar regulations for Open Banking with chainlink at the core of course.

I need a new buy-in price. Just got some extra money from my dead rapist grandparent so I need help here.

>>19773310
For me it was arbitrum that did it
For people with no business experience it's hard to grasp but now cl has the entire front end in their pocket because docusign/msft cloud/oracle/sap want to monetize their sc services- because all of that is backended by cl all of the resultant sc executions will default to arbitrum based execution

They literally took the entire stacks value capture
Its like if they launched the internet but instead of various sites making money there was just one company that made 90% of the internet's revenue

>>19772529
3 out of 100 is pretty unique.

>>19773462
Is that the API calls i’m more familiar with it usage on the finance and accounting side, at least when it comes from stuff like invoices, GLs and an audit trail. I’m hoping it can either reduce or take away most of SOX.

>>19773302
this is basicly what blockchain wants to create.. a digital single market

anyhow all the banks connected to open banking got together to create the open banking standard. In this standard they made a risk assessment.

They made a open banking framework which basicly seeks for open API for data that is shared, included, bot not limited to, customer data and open data API for market information and other relevant open data

>>19773145
>>19773310
The delusion, top kek

Sorry to burst everyone's bubble but none of your breadcrumbs are real. WEF selected 100 literal who's including Chainlink (which sent Link as a bribe to the WEF if you 'know') and the team has zero bank customers currently. Anything you read otherwise is hopium to pump bags of shit

>>19773530
The dying screams of an animal, YIKES!

>>19773508
so this frameworks also has key recommendations for the open banking standard and one of those recommendations is to use of JSON as the resource format

so basicly all these api's that are being created by every European bank has to be JSON as the resource format..

What does LINK do? READ FUCKING JSON FILES AND SENDS THE DATA TO SMART CONTRACT

WHY DO YOU THINK LINK WORKS TOGETHER WITH FUCKING SWIFT CMON MEN

>>19773530
>Sorry to burst everyone's bubble but none of your breadcrumbs are real.
uncleoldfag isn't real

>>19773530
LOLOL Thanks for confirming everything we've just been discussing here. You'd have been better off saying nothing lol

>>19773639
another recommendation of the open banking frame work is to creat an independatant authority, in collaboration with the industry to oversee development and deployment of the open banking standard

what started a few weeks ago? the InterWork Alliance

cmon guys if you don't see it now you will never see it. The deadline is 31 December 2020. After that you'll never be able to buy link ever again unless you're a millionaire already

you can find the open banking framework and standard on the inter webs btw

>>19772957
the great reset is coming
https://youtu.be/8lh-HGcXE1Q

>>19772364
Thanks fergely

>>19773681
You don't usually post. Why are you so talkative today?

>>19773660
Your news did so much, what did you dump, 8 cents after this HISTORIC groundbreaking selection?

This was a bought and paid for endorsement with no material outcome, or is makerDAO also going to muh singularity?

You plebs, keep hoping and wishing

>>19773919
Unironically link

>>19773857
I don't know men
I used to shill this to my friends since the beginning and nobody believed me and now they hating

and I also found a bit hard to explain to people why I really think chainlink is the next big thing.

so I thought writing it down would make it easier for me to explain it verbally to others when they ask why I'm holding chainlink

So this is how it finally happens. God knows I've looked forward to this for a long time. I got into buying BTC in 2014, and got in on some of the ICOs in 2017. Chainlink was one of them. Been keeping my eye on the Reddit pages for a while and buying more, but only started coming on this den of iniquity recently.
I'm feeling more and more excited by our chances every week. 2020 is surely an exciting time. The only thing that could put a spanner in the works might be a global financial collapse. That would be bloody typical lol

>>19773969
I appreciate it.

>>19773976
Wouldn't care, would just buy more.

>>19773857
how did I do?

>>19773969
writing it down helps formulate and solidify your thoughts
it's good practice
the old adage: "you can think as well as you can write" holds true for a reason

You did great, Linkchad. It's stuff like this I love hearing right now.

>>19774173
What did LINKchad mean by unless you’re a millionaire you won’t be able to buy link again? Surely we aren’t hitting some crazy digit overnight? Maybe double digits possible 4 digits.

>>19774102
Is 30k enough? What will a stack this size be worth in 2023?

>>19773005
>I dont think anyone even fully grasps what we're all buying yet.
yeah

>>19774218
I suppose if it went to $1000, you'd need a helluva lot of money to buy a stack that would be akin to what many of here have now. Also, there is the likelihood that when the big boys and normies wake up to it, the price will get very silly very quickly. I don't know how it will happen, but that's my guess/hope.

>>19774102
Ok I guess if you are already invested in crypto and doing the shit coin shuffle. I don't think it'll sway anyone who's not interested in investing or crypto already. It's all too technical and abstract dot connecting. Or maybe your friends are just dumb and you're shilling to brainlets? Understanding Chainlink is like the third obstacle to investing in it. How do you convince them investing is a good idea, that it's worth the risk, and that they need to do it? Then that Chainlink is their salvation? Some people really do want to work a shit job for 30 years.

>>19774312 I've stopped shilling to friends. They only get annoyed when the price drops (like BTC) and resent you for it. As much as I'd like all my friends to make it, part of me is looking forward to the 'told you so' moment.

>>19773186
>>19773186
No I don't think it's just luck. If I didn't learn my lessons from eth bubble I never would have bought link.

>>19774356
And every time you show them a new article about it it's, "Why hasn't the price moved?"

>>19774103
yeah works like a charm. I have had this for a while now. In my head everything is so fucking clear but if I have to explain it to others it gets all messed up.

>>19774173
thanks mate, appreciate

>>19774259
Your stack is bigger than mine. And I honestly don't know how much worth it will be.

It depends on how far blockchain is on the product life cycle. Blockchain is one of the real innovations like internet or smartphones. We currently are the between the stage of innovator en early adopters. Exponential grow will start when we reach the early majority stage and then we will be talking about 3 digits worth at least

If we will be in that stage in 2023? I don't know

>>19774312
haha they invested in fucking bitconnect and shit like ink protocol or some other shitcoin while I was shilling chainlink

>>19774409
Yeh, like you fucking OWE them lol

BITCONNEEEEEEEECCCCCTTTT

lol who would fall for that stuff? It was so cringe

>>19774433
>yeah works like a charm.
yeah you'll notice your internal train of thoughts become more clear and precise as well over time
I write a lot and have noticed the quality of writing of others steadily going down with the adoption of (((anti-social))) media

>>19774476
they fucking did
they weren't telling me and they were always talking about a way to make passive money with their yield investment program

>>19774512
Shiet son, do they even like you anymore?

>>19774592
Hardly his fault, was it? He was the one recommending Chainlink etc.

>>19774592
haha yeah they like me I told them holiday on me when I cash out and I've always told them so they can't blame me anything

>>19774615
Idk, normies spite success, i tried telling my friends too, some invested. But most did not deeming it too risky.

They expected me to pretty much handhold them, and I was like forget this. So now I don’t talk about it, kinda like you just waiting to say I told you so, got my eye on a $2M cabin in the mountains that i’ll inv em too.

>>19774512
I had IRL friends who lost >$10,000 on bitconnect
I warned them multiple times
this was mfw when they told me they invested in bitconnect, by the time I found out, it was too late for them to get their money out

>>19773117
Because crypto is for nerds. The kind of needs that read the business section of a Turkmenistani underwater sprinting forum. There’s just nobody else planning ahead publicly. The people I know who invest are all investing traditionally still and don’t trust crypto because they don’t understand it

>>19773145
I like to meme about $4 in good fun because it’s funny

>>19774710
>The people I know who invest are all investing traditionally still and don’t trust crypto because they don’t understand it
I work with someone who I consider to be very intelligent. Despite this, he has been investing traditionally and has a fear of putting anything into crypto. Some believe that the world will continue as it is but change is coming whether we as a people are ready for it or not.

I had a friend who was asking about Bitcoin a couple of months back, after Black Thursday. Hiscomment took me aback. He said "How much would I need to put in to be rich in about 2 years?".
As you might expect, I closed the conversation down there and then. He wasn't even joking. Amazing,

>>19774921
It gonna be great irony buying physical houses with magic internet beans. But yea fuck the boomers.

I can talk about chainlink for days because I really believe in it.

If you look on the website of chainlink it says that smart contracts require end-to-end reliability and chainlink delivers this

if you read any paper/pdf/legislation about open banking it states that end-to-end reliability is necessary for open banking to work

>>19774947
He's not a boomer though, were about a year apart.

>>19774934
I wish people would think to invest in themselves, it like boomers and brokers again, most people need an authority to confirm and not trust their gut.

>>19773124
>like 10+ years in the future
Chainlink is a temporary solution. Sergey has stated this himself. I wouldn’t bank on 10 year hold.

if you look at al the members of the InterWork Alliance and google their name + open banking you will find a article/pdf on how they're working on implementing open banking

>>19773419
Yeah it wasn’t luck but determined will. Listen we got lucky enough to be big enough faggots to browse the Chan but that’s it. The rest we had to be willing to risk being wrong and determined to hold through the fud. The whole never selling thing was a pysop to shield our minds against the fud and thanks god for the anon who started that they helped so many people hodl and will still be helping for as long as it takes link to reach enormous values

>>19774975
Nope i’m saying fuck the boomers in general for sapping the wealth out of future generations, they had life on east and then decided to raise artificial difficulty. I think crypto will even the playing field.

>>19774971
The delusion holy kek. We aren't actually in it for the tech you deluded moron. Dash, Antshares, Monero weren't for the tech. They were get rich quick and out. You are destined to be a cuck bagholder.

>$1000 EOY 2018
>$1000 EOY 2019
>$1000 EOY 2020
>$3.98 <- you are here
>$1000 EOY 2021

>>19774921
Same man. One actually looked me in the face and told me crypto has no inherent value and isn’t actually worth anything without irony

https://medium.com/swlh/the-hidden-war-for-fintech-millennials-open-banking-vs-crypto-928a86273f4a

>open banking is taking away crypto's future innovators

this is the way how the banks are trying to compete against crypto. Everybody knows that the banks would never let crypto take their position away

that's why fucking chainlink is working together with them. if you can't defeat them, join them right

>>19774921
Also, in my experience the 2017 crash spooked a lot of normies on the idea of it

>>19775087
Crash is the best time to get into it though. That how most of the FAANG came out from it.

>>19775087
intentional
Mt. Gox came back to shit on the market again
they still have their stolen funds ready to dump during the next run
they're brazen

Also for those who believe in determinate optimism and already have your link stack, buy rune on binance dex. Right now I’m making 1% per week on my rune. The price is only going up. Mainet by end of August . It’s a liquidity provider kinda like statera but not an index fund. I recommend reading up on liquidity black hole theory for more info on liquidity pools and crypto

>>19775003
I've never heard Sergey say this. Can you point me to a source?

Has anyone else heard Sergey say this?

No, I didn't think so.

Just like there is no mention of coffee prices in the Whitepaper. Mere Fuddington

>>19775182
I swear it only takes a few months to see all the damn fud here, but most people can’t stand a week.

>>19775003
>Chainlink is a temporary solution.
its the only functional solution to the Oracle problem and its supported by everyone that matters.
good luck with your "new" nonexistent non backed solution lmao.

>>19775023
I have a very easy time holding since I did my research and continued to research through the last couple years.
only people who have the urge to sell didnt do their own research.

>>19772398
Linkies don't want you to see this
>>19773076
>>19773076
>>19773076

>>19775469
Do you actually get paid to sit here and spew this crap? If so, how much?

will 10k link ever be enough? i feel like missing out big time

>>19775003
P U B L I C U T I L I T Y

>>19776045
Just stack and hold dude.

>>19775023
KEK that was me. your welcome

My only regret at all is not buying more. We're gonna fucking make it

>>19776358
Yup. If they do ever make a film about us, can I be the wee fat guy who's adorable, yet quite savvy underneath it all? Maybe Leonardo or Keanu could play me?

Is it wise taking out a loan and buying 1500k to get to 5000link?

>>19776816
Just DCA. Being greedy will get you justed, but at the end of the day I can’t stop you. Best would be a 401(k) loan due to their nature.

>>19776816
Why not sell something you can live without, like a car or whatever? You can always get another car. Debt is a bitch, and while it might work out.. it might not. No one has a crystal ball, but it's looking more and more certain for CL.

>>19776975
Remember that CL is a network not a company. Right now cisco valued the internet to be worth $19 trillion in 2014 it has probably grown immensely since then.

Anyone trying to compare LINK to companies are doing the wrong comparison, even if there is 1 billion link tokens the majority of which will never see the light of day and only like 10-20% will be available on the market.

Again you are not investing in smart contract the company, you are investing in a piece of the next stage of the internet that subjected to be 5x-6x more impactful.

>>19777086
>you are investing in a piece of the next stage of the internet that subjected to be 5x-6x more impactful
So link could be 10+ trillion network? Bro... some of us would be billionaires. I would be rich as fuck even with my linklet stack. Damn man!

>>19777118
If you read there blogs, you would know how much they are gonna save companies. Look up threshold signatures a 1500x potential saving.

>>19777086
I wasn't comparing it to a company. I was suggesting to that other guy that taking out a loan to buy Link tokens is a bit dodgy. I suggested he buy more tokens from capital he raised himself.

>>19776358
Looking forward to see you at the yacht linkparty.

>>19776975
This. Cars are a massive waste of dosh and I truly don't feel bad for never owning one

>>19777154
I misclick fren, but I just wanted to put it out there that we are not investing in a company.

>>19777186
No worries, mate. I'm in a good mood tonight. We are all so gonna make it.

>>19777118
>some of us would be billionaires
thats the idea. 1k eoy is fud

And we're pumping. Wonder if this thread had anything to do with it? It was certainly a good thread.

Sergey is talking Live
https://youtu.be/ufVyX7JDCgg

>>19777712
people are seeing what we are seeing friend
this is the next best thing

i have so much thoughts to share but English isn't my first language so I find it a bit hard to reply fast.

>>19777798
staking is happening

>>19777957
Sitting on some fiat. Have a stack of link but more is always good. Will this really 5x by the end of summer? Will there even be another marginal dip?

>>19777957
High 5, my fren. We're so close now.....

>>19778735
I had no clue what was going on in that presentation.

>>19778473
I honestly think it will x 5 by the end of summer. I can't answer your other question tho. That depends on corona.. if there is a second wave or not

>>19778749
It was intense. This one, from 20th May, was a good one. Easier to follow..
https://open.spotify.com/episode/2vjjYpwdT12VsOCgJU7ybo?si=xpji7KVvSIu7nhxL0mskbw

>>19772364
Ripple xrp was also listed as a pioneer in 2015

>>19778919
Ripple is the banker's choice of currency. CL drives the Oracle network which will be ubiquitous. It's not hard to distinguish

Is this enough Link?

>>19772364
so fucking delusional its insane but hey at least youre happy

>>19773145
Lol you're clearly a paid shill

>>19779688
its something. Take out a loan and get 9,888 more.

I don’t know what it is but I feel something my fellow /biz/raelis

>>19772897
hundreds to thousands each

>>19780042
more like thousands.

>>19774375
Same. Link saved my portfolio.

>>19780107
you guys think in the future people would be looking at the archives and seeing some anons stack would be the size of mid-size companies today?

>>19780080

>>19780121
Yes.

This seems like a good thread for once, which app/software/platform do you guys use to buy linkies?

>>19772939

He doesn’t know about ISO20022

K E K

How is this not common knowledge around here holy fuck.