/biz/ - Business & Finance

its use is for sergey to seal NEETs coronagibs

>>21198849
sell retard

>>21198849
Was this you?

>>21198849
sergey said its not a scam tho, thats why he registered the company in the cayman islands

btw when some NEET who loses all his money tracks down sirgay and shots him the kikes will add a los extra KYC and will forbid people buying crypto from owning guns

Just because you’re too retarded to understand the language used when describing it doesn’t mean it’s fake you fucking pajeet

>>21198876
I never bought to begin with, I prefer the stock market where a stock can move the amount link did in a few years, in just a few days or weeks.
Crypto coins are for toddlers.

Actually the token is not even needed.
But it's funny until it goes.

>>21198849
noone knows anything about either btc or eth just buy and hope it goes up and make money bro

>>21198893
No but there you have proof. Check twitter as well and whatever other normie media.
This isn't going to moon like bitcoin. Idiots that post here thinking they will "make it" with their $4 link DCA are absolutely delusional.
Nobody is going to pump a coin that nobody can even explain

>>21198849
Think of anything that can be automated. It’s the real world example. You can trade crypto with other people directly via PayPal or a credit card. You can make automatic assassination contracts. You can make a peer to peer decentralized casino. You can automate the damage assessment and insurance payment the very moment your car gets into an accident. It’s literally the god protocol.

>>21198849
normies not wanting to buy is bullish anon... its when theyre all jumping on that you start to get nervous. are you new?

>>21198849
>he wants examples of how it’s being used


My friend, did the last 20 years not happen to you? The product isn’t what it does, it’s WHAT IT COULD BE.

Keep your 90s boomer mentality with valuations based on real world worth. You’re in in ZIRPland now, boyo. The less you deliver, the higher the cap.

FUCKING CAP THIS.

>>21198849
Is scam sirs, chenlink go down to 3 american dollars

please show bobs sir

Nice try simeon!
Dr,ns

>>21198849
To create a sentient being.

>>21199169
>>21199217
>>21199383
>>21199498
Incredible. It's always just shitposting and retarded nonsense.

>>21198849
Sell everything you fucking moron
You did no research ngmi

Already dumping.
Back to $12 unless someone actually answers in this thread.

>>21199498
sir please listen to this man
do the needful

>>21199669
pee pee poo poo

https://defipulse.com/blog/aco/

>To further improve decentralization, the team is also looking to create volatility oracles with Chainlink.

>>21198849
decentralized price feeds
It’s honestly not that impressive from a technical standpoint, it’s just a json parser who’s actual coin use hasn’t been implemented yet. It really goes to show how dogshit the cryptospace really is and if you make a slightly useful thing and set aside 30% of the tokens for a “dev” fund you can become top 500 richest person in the world within 3 years with 50B dollars locked up.

>>21198849
There is a video, where sergey and money elf vitalik are dicussing oracles and vitalik says you dont need one, sergey replies "makes sense"

Someone give me proof that OP is not a faggot.

>>21198924
>thinks niggers can afford guns
>thinks guns can only be obtained legally

>>21198849
>They don't want to buy "another mooning scam coin", and whenever anyone tries to explain to them that it's not a scam, they are literally unable to provide a reason why it's not a scam
thats because it is a scam

>>21199737
>A bunch of technobabble with a billion acronyms that lead to literally nothing
Nice. Real nice. Almost like bio tech pump and dump news.

>>21199761
chainlink isnt decentralized.

>>21198849
example, I want to send 100 ETH to an anon for killing OP. OP dies, a chainlink oracle grabs data from an API with the status of OPs life. It shows he died, so it sends this data to a smart contract. The smart contract then releases the ETH into anons wallet

Link isnt decentralized. It functions by aggregating all the data from various oracles and averaging it out which is fucking abysmal when the whole purpose with an oracle is precise data which is what you need with smart contracts.
fake """partnerships."""" which are just retarded blog posts.
Sergey holds 2/3rds of the stack which isnt locked up. It is, by definition, circulating with nothing to stop him from dumping the bag. To top it off, there's been little actual development on the project.
their system for vetting oracles is literally to do it 1 by 1 and kyc them themselves. It's a useless fucking coin which is fueled solely by people wanting to dump their bags and get gains after being shilled by /biz/tards. They are blinded by their bag holding and live in echo chamber threads where each will rave about "the upsides" and "how revolutionary it is"
without actually specifying what it does, because the vast majority of them have no clue and just bought because they dont want to be poor and others shilled it hard enough. this thread is a PRIME example that nobody who shills this retarded shitcoin actually knows what it does.
it does: nothing
its headquarters: cayman islands in a complex with over 500 other tax haven businesses
its followers: devout and cult like chasing the bag
an unrestricted 2/3rds the supply: in sergeys pockets
its partnerships: fake or limited to blog posts
its staking: rumored for years but unknown time of release
its development team: doing nothing
its github: malnourished
its use cases: zero

literally even Augur is better as a decentralized oracle.

>>21199761
chainlink isnt decentralized you retard. they use it as a buzzword. it's as centralized as it gets. you're right about how the cryptospace is so fucking cursed. it isn't "30%" here it's 2/3rds.

>>21200003
Its not private either

>>21199988
>a chainlink oracle grabs data from an API with the status of OPs life.
Literally how even? Not even the status of my life. Just the part of "chainlink oracle grabs data from an API". Where even is that and what would cause it to do this in the first place?

>>21199840
you're not a nigger, you are not above the law

>>21199680
Yes ranjeet he will do the needful do not worry for we are strong. He must... yes

>>21199669
Nonono will go $2 now!

I implore you show bob and vegene sir...

Thank

>>21200003
Seethe harder loser
We're going to the moon

>>21200051
>>21199988
Yeah it doesn't. Better explanation would be
>100 ETH to anon for killing OP
>smart contract integrates chainlink as its ""oracle"""
>chainlink then checks the value of multiple other oracles. those oracles have information fed into them by various means (this is how they get information about the mortal status of OP)
>how does it choose which oracles to check? hand picked by sergey's retarded team. """"""""""""""""decentralized"""""""""""""""""" btw.
>4 oracles report Op as dead. 2 report op as alive.
>chainlink says "ehhhhhh good enough" and report OP as dead.
it doesn't take into account the veracity of the information, value of different sources, or virtually fucking anything. it is a retarded shitcoin that is the equivalent of asking a dozen people in a room and averaging out their answers to make a decision. of course, early use case of chainlink would probabl be more in the form of a price feed. what's the price of ethereum? chainlink aggregates price of ethereum from like however many of its hand picked oracles, which in turn get the information from various exchanges, and gives you the average. when you need PRECISION, which smart contracts fucking DEPEND on, chainlink is GARBAGE

>>21198849
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

The link delusion continues. Imagine being the person who believes that a gypsy russian with a philosophy degree and no programming experience is going to instantiate a global, paradigm shifting economic system where banks and other entities are going to willfully funnel hundreds of billions of dollars into and sit around idly while said gypsy russian and his family of neet fags take profits.

Now imagine being the person who believes that the worlds banking cartels, with arguably some of the most brilliant computer scientists out there, are going to sit by and let a gypsy russian take profits they could have had by using a simple JSON parser.

>>21198948
based

>>21200234
Go back to your shitty threads. I've made plenty of money holding shitcoins, much more than I ever would have holding link. The difference is? I don't fucking pretend like my piece of garbage coin is worth anything. You guys seem to have it in you that link is actually a good product that will ever get use.

Will link continue to pump? honestly, probably. I wrote that copypasta when link was $4 and I said the same thing then. Link may pump, but its extreme gain days are over. Link will N E V E R be "$100, 1000, 10,000 EOY" and i struggle to believe it'll ever even break $20.

No need for link as an onchain price source when there's already DEXes where you can get all the data you want about price, liquidity and trades onchain.

>>21198849
That’s why you check kleroscan.com and see a working product that has generated $500k in eth for its users. Imagine holding link rn instead of pnk. It’s as if biz hates money.

>>21200316
bingo! so even chainlinks initial use case is useless!

Protip: No crypto does anything useful that anyone cares about, it's all ponzi hype. Just have an exit plan. Name a problem crypto solves that wasn't invented by said crypto.

>>21200051
An API for the police database and an API for the anonymous GPS tracker with a burner wallet attached. If anon pops up dead in the database and the tracker was at the place of death on the time of death, release funds.
Check the patents of Ari Jules on hardware.

>>21200355
sending money to people over the internet instantly with no intermediary

>>21198849
It does the same thing you can do on Bitcoin in more convoluted steps that cost more money and get less done.

>>21198948
You ever made x100 on a stock?

>>21198849
I would suggest you also read this, but you probably won't. Also there's two key people in this report.. try finding who they are!

https://www.capgemini.com/au-en/wp-content/uploads/sites/9/2017/08/smart_contracts_in_fs.pdf

>>21198849
>normies
>don't want to buy
my fucking dream come true

2 people/companies --- ai skims the information given to it(APIs), the terms and conditions of the contract and acts(payment/or some other reaction) (the token is fuel for the AI and wont work without it)

CORRECT ME IF IM WRONG

>>21198849
its usecase is to fund israel's future wars. Remember when we are enslaved and we can blame the stinky linkies on /biz/

>>21198849
>P-please entertain my low iq larp, or genuine brainletism, because I, the OP, am apparently well above looking at the archives. If I am actually being serious, I am an actual fucking toddler please fuck my face because I am a faggot.
There ya go OP. Try posting that next time.

CHAINLINK PAID IDF SHILLS ARE USING TWITTER (WITH JACK DORSEY's ASSISTANCE) TO FUND IDF OPERATIONS WITH CHAINLINK CRYPTOCURRENCY. THEY USE /BIZ/ AS A HQ TO SET UP NEW MEMES/ IDEAS

>>21200499
>>21200553

WHY DO YOU THINK THAT ALL THESE CELEBRITIES GOT HACKED ON TWITTER AND THE HACKER REQUESTED BITCOIN? THEN CHAINLINK GOES ON A RUN? HAHAHAHAHAHA FUCK YOU JEWS AND CHINKS

>>21200338
>pnk
Da hell is pnk ppl keep shilling here?

>>21200355
>anon discovers money

>>21200379
Already exists. Money has been digital for ages.

>>21198849
It solves the oracle problem

>>21198849
My dearest friend, it is with immense pleasure that I inform you that your letter has found safe travel to my destination and landed in my hands. However, this pleasure was fated to remain short lived and bittersweet, for I must also admit to you, regardless of what distress it may cause to you, knowing you went to great trouble to pen it and deliver it to me, that I in fact declined to open it and refused to read the message contained within. Surmising your intentions, there exists no doubt in my heart regarding your sincere worries for my financial well being, but alas your attempts to convince me to modify my investment strategies shall regretfully remain futile, as my stubbornness in this matter has indeed been sealed irrevocably and no other voice shall rock its imperturbable foundations. Allow me then to reiterate my will once more, and do your best to forever remember it for no change will follow: I shan't part ways with my beloved asset for it is my utmost belief that I have invested wisely and foresee infinite potential in its future, and therefore no other possession in this world shall change my decision, not even a mountain of gold! For my possessed asset is indeed fated to be worth more than any other riches in the world. We shan't speak of this no more. Sincerely yours, a beloved friend.

>>21198849
STINKY LINKY MAKE ME MONEY
STINKY LINKY GREAT LIKE HONEY
BUT HONEY MAKE ME REALLY ITCHY
SO BUY YOUR LINKY AND I GET RICHY
ONCE I FILL MY TUMMY WITH LINKY DOO
I WILL UNLOAD MY POO ON YOU

>>21198893
>Was this you?

>>21200945

>>21201072
you can't send any amount of money to anyone instantly without middle men

the closest thing that exists now for fiat is cashapp but it only works in two countries, but it supports bitcoin too

Say you want to send my $20. without crypto you would need a bank account, I would need a bank account, and then we would need to use paypal to transfer the funds. That's three institutions in the way of us when you could just sent me crypto directly, no fees going to the banks, no fees going to paypal, only one fee going to the node operators

>>21201072
Why would we not have bank accounts? And my bank lets me send to other banks for free. They spot you the money up front while they do the transfer behind the scenes.

Can't wait to see you REEEEE when your NASDAQ inflated stocks burst linklet

>>21200355
single point of failure, retard

>>21198849
Token = Uberization of data
Uberized data is used to realize the automation of trusted third parties whose business model is rent seeking by way of reputation. This also allows for use cases that were impossible because they were too small or too international for trusted third parties to evolve around them.

You can have your REAL WORLD EXAMPLE after the price discovery is finished and be haunted by your own "too cool for school" arrogance.

>>21199893
>I don't understand what I read
>techno babble

Fucking cope harder honestly, these explanations were made 3 years ago. Buy or don't, noone here is interested in spoon feeding you 3 year old info.

>>21199605
always has been

Here is the problem. It has no use in the real world. The real world doesnt deal in computers it deals in real world materials and person to person interaction. Chainlink doesnt do anything with that.

Think about it. Have you ever seen a road built by chainlink?

How about a building or a school?

Nope because its useless in the real world. No company is gonna wanna use a useless token on some computer system they dont have access too.

>>21198849

Nothing. It's just a stupid retail investors FOMOing based on memes spread on Reddit.

80% correction coming soon.

>>21201476
There is nothing there to understand, it's literally just made up garbage on top of other made up garbage that has no real world applications or interest.

Slowly everyone will realize chainlink is just another retarded ponzi coin fork, made to make the creator and his initial circlejerk group incredibly wealthy, and nothing else.

>>21198849
DR;NS

>>21198849
> a real explanation on what link does
LMAO there is no use case fucking retard

>>21201748
80% correction won't be surprising for crypto.

>>21201703
This is a troll right? Do you understand the difference between finance and manufacturing?

>>21198849
>a real explanation on what link does
It makes me rich.

>>21201891
Made up garbage everyone in crypto uses as the standard oracle protocol. Guess everyone except you is dumb and only you understand. Someone best tell ari juels he's wrong

>>21202031
Its the same thing. You cant build roads or building with chainlink. You cant turn a profit with chainlink or perform you fiduciary duty to your shareholders. They dont wanna here about some made up technocoin that cant make them money. Chainlink has no use in industry and real world applications.

>>21198849
It doesn't matter, all we know is that LINK will overtake Bitcoin. I'm glad I heard family and friends talking about it on Facebook. Everyone in my town has been going all in, I just bought 2000 LINK at $15 and I'm glad I got in before the ride the $1k+, this is sure shot to make a lot of people rich.

>>21200338
I might be retarded but I don't know where I can buy this coin I was interested and couldn't find it

>>21202141
I'm sure those p/e ratios well within the hundreds aren't going to see a massive correction.

>>21202031
It is a troll, whole thread is. Noone on biz is this ignorant of how defi works halfway through 2020.

>>21198849
i read this but, plot twist, i'm never selling

>>21202259
Oh you will be selling. And so will everyone else once it starts to drop entire dollars each day, once everyone realizes it was just yet another ponzi scheme made to make someone rich for doing nothing but another coin fork.

>>21202356
kek, stupid nolinker

>>21202369
>>21198948

There it goes, $12 soon, $10 coming week.
Nobody could give an answer in this thread.
Once all these people that bought the top lose their money and get upset, they're going to start spreading fud about how it's just another scam, and you won't even be able to defend against it.

>>21202505
been saying this for awhile.

>>21202505
I hope so. My parents want to put in 1000 bucks and I'd like lower buy in for them.

>>21202505
See you at 15 dollars

>>21198849
It solves the lambo problem.

It seems like it serves a purpose but why should link be worth $15 or $1000, why does it have value, why wouldn’t it just be a stablecoin, what use does holding the token even have

>>21202735
The value it has is that you BUY it, you HODL, and you make a million bucks once it hits 1k eoy
That's it's use.

>>21202735
the token is designed to be staked
the more link you have, the more jobs you can take, as well as bigger jobs, which means more income for the staker

You fudders are pathetic. Why the fuck do you care if a bunch of neets lose all their money? When you faggots can explain that to me then I'll stop throwing my entire life savings into it... until then though fuck off. What retards do with their money is THEIR business! Why even care so much? I may not know much about the fundamentals but the current climate of fud seems to glow pretty fucking hard. Fuck you, fuck the person you sleep next to at night(probably a man), and FUCK KIKES. YOU'LL NEVER GET MY LINK.

>>21202505
Thats right nolinker, get angry. You claim you only trade stocks and don't have a (((stake))) in chainlink but you're incredibly desperate for spoonfeeding

>>21198849
HHaha you had 3 years boy

cayman islands.

>>21202735
this >>21202980

>>21203149
Based. These kikes will have to pry my LINKs form my cold dead hands.

>>21201748
Yeah that volume is surely retail fomo.

>>21198893

God I hate redditors, that smug intellectual shit is intolerable

>>21198849
There is an entire website dedicated to explaining the use case and existing partners already using chainlink price feeds and vrf features. There is also the white paper at chain.link that can be easily read and understood. Fun fact: ctrl-f "coffee" search returns zero results. If youre too dumb to do the simplest of research i can't help you. These are not your oracles. They are sound price feeds for the world. Maybe your kids will understand.

>>21199893
Dare I say the Theranos of crypto.

https://bitcoinexchangeguide.com/chainlink-collabs-with-colorado-state-lottery-to-create-innovative-web3-games/

>>21198849
>someone explain this to me
>gets an explanation
>TECHNOBABBLE AND ACRONYMS, LITERALLY NO WORLD VALUE
why make the thread in the first place anon, you should try reading a whitepaper sometime