/biz/ - Business & Finance

>>19984048
They’re dabbing on the entire industry. What the fuck they are so far ahead it’s insane

>>19984066
cardano is literally building their own oracle (oracle pools) its over stinkies

>>19984066
They have multiple completely different solutions to everything.
This is one of the solutions to the "but what if Link price changes during contract" problems.

>>19984080
>cardano is literally building their own oracle
OOPSIE

>>19984048
>4.41

>>19984153
what you have there is old
https://www.reddit.com/r/cardano/comments/hgdy1d/emurgo_new_research_released_presenting_a_brand/
this is new, and Charles talked about rebuilding a better chainlink, this is what happens when its open source, anyone can steal and make it better just accept it.

>>19984153
OH NO NO NO

>>19984181
>just build a better chainlink
that’s not how it works at all

>>19984048
I don't like this current situation. I think another lockdown is inevitable and the market will crash hard after it's announced. At the same time though, link could announce some insane partnerships or developments any day and the price would definitely go up. Pretty sure I don't want to risk it and sell now just to buy in after the lockdown announcement, but it's so obvious.

>>19984156
This

>>19984048
This huge and is how we unironically get to $1k. Customers don't care about the cost of LINK - they will pay $20, whether LINK costs $10, 100, or 1000. Neet nodes are going to suck up all available supply and customers continue paying the same fiat amount while LINK moons.

>>19984066
Wait until you hear about SUTER's tech

>>19984189
it is though

>>19984181
It's two months old you derp lmao.

And Oracle Pools is a one-blockchain oracle system largely copied from Chainlink.
All the "advantages" over Chainlink are due to the fact that the oracles only serve one blockchain.

Which car brand would you consider more reputable: a brand you can only buy and operate in a single country, or a brand you can buy and operate all over the world?

>>19984048
So the link price is irrelevent for feeds?

weeeeeeeeeeeeeeeeeeee

>>19984240
That was always going to be the case.
This is a specific solution that will make that happen.

>>19984080
All they have now is slideware and no implementation.

>>19984296
>All they have now is slideware and no implementation.
but the tide is shifting, I know you can feel it

>>19984303
>the tide is shifting to the next ETHkiller, I know you can feel it
This is you

First mover is everything, and Chainlink keeps chartering new ground all the time (unlike Ethereum who moves slow as a snail).
They have all the high quality APIs, all the independent, quality oracle node providers, and all the integrations with instances like Towncrier, OpenLaw, and OffChain Labs.

It's too late to compete, they have the market.

>>19984303
Ask RLC and NEO how dOracles worked out for them

>>19984366
Well see how well this ages in a few years

>>19984378
Rlc oracles are technically superior, just not as popular because the name doesn't ring like link

>>19984303
Kek, retarded fudder BTFO'd so bad he's reduced from "Cardano is coming its over stinkies ooohhhhh " to "buh...buh... muh feelings"

neck yourself mate.

>>19984425
I'm all in link so I'll never neck myself

>>19984434
>BTFO'd so bad he exposes himself as a retarded fuddster who owns Link himself.

You should neck from having nothing better to do than shit up the board with this troll bullshit.

>>19984402
>Rlc oracles are superior
Which is why RLC is integrating Chainlink, right?

THESE WOUNDS THEY WILL NOT HEEEEAAAAAL

>>19984402
Lol. Name one reason why?

>>19984468
so rude its not like this board has been anything but shit lately might as well join in

>>19984514
>saw people eating their own shit so decided i might as well eat my own shit too

>>19984181
>Charles talked about rebuilding a better chainlink
Charles can talk about whatever the fuck he wants, he doesn't do shite besides travel the world while dumping on holders.

>>19984181
This is correct and bad on so many levels
Idea they can build inhouse better oracle solution for 1 chain +fucking yt shills like cryptocrow beeing "cardano ambasador" and charles bff now made me sell 150k suicide ada stack

In retrospect building better eth on same consensus platorm is so retarded anyway god I was so newby back in 2017....

for old times' sake

>>19984959
One and the same really

>>19984048
Based
Anyone see what happened with linkpal?
>>19981839

>>19984514
>not like this board has been anything but shit lately might as well join in

>>19984080
That's so cute anon cardano should call their oracles dOracles or something

>>19984219
How are they going to get people over from Chainlink's ecosystem? It's not enough to have "better tools". You can't replicate the same security driven by network usage.

>>19984080
>coin with half the market cap of link wont be using link
oh no!

>>19984218
Kys

>>19984153
Honeycomb is link

>>19984048
THIS IS FUCKING HUGE YOU FAGGOTS OPEN YOUR EYES

>>19984402
Cope

>>19984048
Chainlink: oracles
Cardano: “ctrl + c, ctrl + v”

>>19984181
Charles got mad when he messaged Sergey and sergey directed him to the Chainlink support line

>>19984048
damn i knew it was a scam and this proves it thanks op>>19984048

>>19984048
bump as gold info

>>19988412
I thought we all knew something this was gonna happen. LINK price was gonna soar with network usage, but the usage of the network would require less and less LINK tokens as adoption came by.

E.G in 2021 it cost $20 of LINK tokens a day to access the network, in 2026 it would still cost $20 of LINK tokens. Only thing change is in the backend is that link tokens would be worth more so you use the decimals instead.

>>19984196
I honestly don’t give a shit where the price of link goes. I don’t care if it goes to 100$ tomorrow or 5 years from now. All I’m concerned about is having the least amount of black people owning this coin as possible. That is why I FUD this coin. I don’t care if some white reddit faggots get on board because they find out more and more about it before it takes off. If it takes 5 years for link to moon and that means more black people end up selling because they need to buy more pork rinds... then that is the optimal mooning timeframe for me.

And make no mistake all you black linkmarines out there. You will undoubtedly be invited to the yacht party when it happens and I’m personally going to sell 50 or so link to build you your own seperate faucet to drink cheap malt liquor out of on a seperate area of the yacht while the rest of us have a faucet with Grey goose vodka pouring out of it

>>19988412

Gold and silver maintain your wealth in a fiat paradigm but once the reset happens you get fabulously wealthy with when just 10k in metal now.

The entire point is to buy assets for literally a penny on the dollar for what it cost you to buy that gold or silver in the fiat paradigm.

Otherwise, there’d be literally no reason to buy gold and silver in the first place. If gold and silver just maintained your wealth while bread goes to 100$ there’d be no point in buying metal. What you thinks going to happen? Mass foreclosures, 20$/gallon gas.... and you have 200k worth of metal now and you go about paying your mortgage and buying gas with silver dimes while 99.8% of the population is destitute? Your going to be going to your drive thru at Starbucks to get your frappacino while housewives are being gangbanged by dark black niggers 300 feet away from you in the middle of the street as the barista whips it up for you?

This is when you buy assets at fire sale prices.... accept the new currency and live like a king with no mortgage. My plan is to by an apartment complex with maybe 100 units for 1-2 ounces of gold.... and I will offer 25% of my units to milf housewives for free except for a monthly blowjob. In the type of situation we are in and where we are headed. I will be a pillar in the community for offering this deal. Mormons from all over the United States with only 6 wives will all be looking up to me

>>19984048
god i hat that faggot so god dam much. They are the reason why we cant still buy cheap link.

>>19984048
Buzzword salad and priced in. Cardano did this before anyway. ATH this week fuck normies, leaving stealth mode was a mistake.

>>19988543
cope, you aint getting in lower ranjeet

>>19988499
DR:NS

>>19988543
Where are you visiting next Charles?

>>19988524
him and timo. fuck

>>19987182
>Charles got mad when he messaged Sergey and sergey directed him to the Chainlink support line
lmao low energy charlie at it again

>>19984048

oracle feed as a service
somebody remind me of the benioff quote that sergey posted

How is this good news? Doesn't this mean link doesn't have to rise in value to be effective?

>>19989355
t. brainlet

>>19989355
read my message

>>19988460

>>19988499
BEYOND BASED AND METALPILLED

>>19989372
So since link has 18 decimals...we are still on track to 10k eoy?

>>19989426
dunno, but the token are in theory suppose to be more valuable as adoption increases, the pricing plan here would just allow users to have a steady expense instead of worry about wild fluctuations.

>>19988460
But with this new revelation in place, why would the price of link have to go up?

>>19989465
Staking implementation, anon. In 2026, nodes will need to freeze part of the total link supply to run jobs. Reducing total supply will cause prices to go up.

>>19989465
cause you still need to use LINK to access the network. if there a service agreement saying hey i'll let you use my oracles for a day for $20 worth of LINK per day.

in 2020
$20 of link is 5/6 LINK, network usage maybe a few thousands people

in 2026
we have mass adoption, network has several millions of people. those people still need to have LINK to access the network but with a service agreement that $20 of LINK is still the same it just now $20 of LINK is something like .2.

Do you get it now?

>>19989465
Because this makes integrating chainlink into your dapp as easy as clicking a subscription button. The feeds are accessible and open for business

>>19989465
because currently, with Chainlink's market cap at $1.6B, all the LINK tokens in circulation could only collateralize $1.6B worth of contracts, assuming a 1:1 collateral to contract value ratio. if you think the value of contracts secured by Chainlink will go up, then the token has to appreciate in price too

>>19989547
kek 2026

Stalk me, b
https://youtu.be/n6DYu8__2Co

>>19989559
>a 1:1 collateral to contract value ratio.
This is the only FUD that gets me...do insurance companies have the liquidity to provide proper 1:1 coverage? Why would link?

>>19989608
It took 10 years for bitcoin to go from $0-20,000 why is it insane that it will take LINK the same amount of time. If sitting on your hands doing nothing for 10 years is all it takes to retire early and you miss out on that, I have no sympathy for you and will gladly buy the rope you’re gonna need.

>>19989650
We actually do as someone who works in the insurance industry.

You have two standards to comply to US GAAP and Yellowbook.

US GAAP is more lenient, but yellowbook you treat as if you're on a liquidation basis. Insurance companies must be able to pay out a large amount of claims if they were to supposedly happen, any company that doesn't the state would move in and manage to ensure claims are paid out.

>>19989650
that's a good point, but ultimately I don't think it's FUD. Lloyd's I'm sure couldn't pay out if clients claimed on every single policy they underwrite. They got wrecked by asbestos related cases alone in the 1990s. But that just highlights the level of trust involved: you trust Lloyd's not to go bankrupt, you trust that other policyholders won't claim, etc. It's like fractional reserve banking.

Chainlink solves that problem, but trustlessness has a cost. Will companies be willing to pay for the secure knowledge that their claim WILL be paid out, providing certain conditions are met? In fact the payout is already locked in the contract, it's not going anywhere until the contract's terms are settled, one way or another.

This does require large amount of liquidity, both from node operators and underwriting parties. That's something I haven't fully thought through. But basically, trust is a huge inefficiency and cost in business, and companies will be glad to reduce friction wherever they can.

>>19989785
Decrease in overhead paying underperforming office roasties and other assorted wageslaves is probably worth it.

>>19989785
you forget that there additional cost in covering an insurance payout from litgation, auditing fees, claims processing.

smart contracts can reduce the cost of those expenses. It won't happen to certain type of insurances like workers compensation, but it could easily happen to stuff like natural disaster insurance or crop insurance.

>>19989875
very true, no investigators required if a set of IoT sensors reach consensus that the temperature in Mumbai reached 42 degree celsius, spoiling the local lassi.

>>19989728
the most experience I have of insurance is three months as an intern, calling up farmers and telling them to pay their premiums. so you're saying that essentially the state underwrites the underwriters? is that a premium that the insurance company has to pay to the government?

>>19989932
depending on state laws, yes state will gurantee that certain insurance will pay out.

what would happen if some whale decided to dump his stack on the market? Wouldn’t a bunch of contracts immediately become undercollateralized with a lower LINK price?

>>19990103
the only real whale is sergey and who he decides to make whales.

I'm getting more and more comfy on link and this info is orgsmic to my eyes.
T. 600 link newfag aiming for 1000

>>19989726
Hard to believe it's already been three years. No swift, no azure, no use beyond defi meme projects whatsoever, which is why shit like this is what linkies salivate over because they literally have nothing else. I've felt so much better after coming to terms that it'll be a minimum of another 5 years min for meme 10k stack hodlers to make it outside of bitcoin moves.

>>19989355
No it means that link rising in value won’t price people out from using the service. If you set the cost at 5 link per day currently and link goes to $1000, no one would pay 5 link/day for access to the price feeds and the network would die. This allows link to moon without hindering adoption

>>19988524
>>19989093
3 years

>>19989650
You won’t need 1:1 collateral because jobs will be using multiple nodes and there will be a low failure rate comparatively

>>19990284
I thought we already knew that this was going to happen?

>>19990304
this, soo many rajeets in here with 1k stacks

>>19990346
1K is a damn fine stack m8

>>19990346
uhh people are struggling to get 1k on twitter.

also before you reply linklet.

I got a 10k stack.

>>19990377
>people are struggling to get 1k on twitter
who gives a shit. fuck twitter

>>19990377
Suicide prevention hotlines are hotting up

>>19990394
I agree, but it good to see how everyone doing instead of just focusing on the echo chamber that /biz/.

>>19986332

>>19990284
Wasn't this already known with the 18 decimal meme? Why is this news new?

>>19990432
>echo chamber that /biz/
I see faggots on twitter finding crumbs that biz originally found years ago. it's the absolute end of the echo. but yes, it's entertaining to witness knowing that most people, even today with the cumulative research that has been pieced together, still have no fucking idea what's coming

>>19990572
>news new

>>19984400
We will LMFAO

>>19991935
do people think you can just replicate arbitrum and town criers?? that fucking takes years of research to get something similar, and that not part of the CL open source code...

>>19984048
>this is massive

and it still doesn't moon

>>19984181
wrong
>what is copyleft

well and who is implementing that smart contract?

>>19991997
Correct. Nothing will make this pos moon. The tokenomics are pajeet tier

>>19984366
Bchainlink bought town crier which is why nobody in the space can compete with them ever

>>19990329
Some people are new and or dense

>>19990240
It has been a little over a year since mainnet launch. If you’ve been here three years you were able to buy extremely cheaply and should be in healthy profit. Be thankful.

>>19984080
aDoracles.

>its crashing again

>>19992532
>mainnet launch
what fucking mainnet? a smart contract on ethereum? wtf do you brainlets consider a "mainnet launch" today KEK

>>19992478
They also have aribtrum, which only like a few hundred of anons here know the importance of both arbitrum and town crier.


Towncrier is a hardware and arbitrum makes ETH look like a baby, both of which are gonna be hard to replicate because their codes aren't open source.

>>19988480
This is dangerous copy pasta that will get the opposite of what you want from low iq spiteful nogs that think they smart.

>>19992532
I am thankful, but I've adjusted my expectations. Realistically, there will be no 'enterprise use' of this shit for half a decade AT MINIMUM. Back then we all that this shit was right around the corner, and even now, linkies are obsessing over this nothingburger or overestimating the importance of shit like arbitrum because it's all they have to cling to. It's pathetic and destroys your life. This is not a big deal at all, but they all act like it's a complete game changer to keep the hopium alive. The amount of confirmation bias is staggering and I expect a lot of suicides in the future.

>>19992829
You’re a retard if you think holding onto a token is “hard”.

>>19992895
I think that the many, many people who's entire happiness is tied to the the development of a literal ethereum token aren't doing themselves any favors. There are many such people in this thread. Look at them acting like this is a big deal.

>>19984048
This is a scam on another level.

>>19984066
Useless product.

>>19984080
Let them dream.

>>19992950
People are excited about a project progress because they have skin in the game? There literally nothing wrong with that.

The fact that you try to belittle it as just an “ethereum token” means you don’t actually know the full scope of the project.

Simply put “you had 3 years.

Is now a good time to buy link ?

>>19993245
None knows if Bitcoin shits the bed hard you could find much better opportunities to buy.
On the other hand it could moon violently at any time at this point.

>>19993245
just dont put all your money in at once dingle. entire market could dump, but not buying any before staking is announced is a lil silly wouldn't you say?

>>19992634
So what exactly is stopping smart contracts from being used?

>>19992829
I am not expecting 1,000 eoy but I do trust Sergey. I am a millionaire before $15. I believe real usage is coming soon.

>>19993716
we still haven't fully fixed the oracle problem, we're getting there but it not fixed, right now the settlement layer is still expensive and there potential for bad actors.

What people are now starting to figure out, is you can make a multi-layer, do all the computations off chain and verify everything off chain for pennies, then send it to the settlement layer.

CL has everyone beat by years ahead.

>>19984066
Thats how you get the likes anon

>>19989650
>>19990313
Also the insurance companies wouldn't need to collateralize shit. They'd just require the cumulative third party link nodes they pay to service that contract to have that much collateral according to the SLA that all parties agree to.

>>19992745
>implying that’s not why he’s posting it. I didn’t buy any link till I saw that originally posted now I have 5k