/biz/ - Business & Finance

then sell, pussy

>>23559209
Weak. Now is the easiest it’s ever been to hold with all the positive news. 2018 was the true test when everything fell silent and only peak autism could shed light on faint breadcrumbs.

>>23559209
Weak hands, with this chart? Couldn't be me.

>>23559261
cope
all the good news is priced in

I have 8mBTC in savings
Should I convert to LINK?

>>23559430
If the good news was priced in link would literally be at $20k you fucking inbred piece of shit

>>23559430
>>23560014
It seems that my thread has caused the rise of hard feelings

>>23559430
this is the part I’m trying to wrap my head around:
>We know JPM is using Quorum as their JPMCoin base
>We know Quorum was acquired by ConsenSys
>We know ConsenSys have partnered with Kaleido for building the blockchain
>We know Kaleido is partnered with Chainlink for Oracle solutions
>We know Quorum is running CanDID which employs DECO and Town Crier
>We know Chainlink acquired DECO and Town Crier
But is there any proof that this JPMCoin system running on Quorum will actually necessitate the LINK token at any step? As far as I can see it’s just a walled garden, but I’m pretty retarded despite the DYOR.

>>23561168
We may never get a confirmation beyond increased network activity and maybe some nodes because of fucking defi scammers like you saw hyping sushi at smartcon
If you're an established company there's no way you want to be associated with scammers like that but you have no choice but to use their solution so you white label it
IIN + LINK = LIINK

>>23561272
The wordplay is obvious, the question is whether that’s a breadcrumb or a FUCK YOU I JUST ATE YOUR LUNCH, because where it stands right now I’m worried it may be the latter — everything is there, it’s just missing a connection somewhere along the way that I can’t put together

>>23561168
This is fud bro. They just created a shadow fork and are now using Chainlink oracles to destroy people’s civil liberties. None of this shit is opted in. Everyone will have a Chainlink Oracle shooting various information to whichever agency wants it in the future.

Can’t you see? The coin you thought would free us will enslave us.

>>23561455
Comparing unlike data is hell for humanity.

If someone voted for X and they posted Y on Facebook in 2015 they are an enemy of the state. Camera this picked up on their face, and they are at this location.

Here is their passport and bank information, to be disabled on will. This is the real end usage of Chainlink.

>>23561340
> exactly how Chinese are JP Morgan kikes?
imagine thinking you can just consume Sergey's lunch

>>23561455
>>23561703
none of this /x/posting will matter if the entire thing is a walled garden that remains private for accredited banks only
>>23561439
The full text of that is here and it made zero reference to cl at the time:
>https://www.jpmorgan.com/country/US/en/detail/1320562088910
It’s just the 2017 launch statement for IIN which is currently becoming Liink with the replacement of Hunter with Moy — there’s still no explicit connection to cl despite a lot of “coincidences”

>>23561439

Legacy payments platform Swift is piloting a new system to speed up banks’ cross-border transfers and reduce errors, firing a shot across the bow of a blockchain-based project that claims to do the same thing and payments fintechs that offer cheaper, faster services. Founded in 1973, Swift was banks’ original answer to the question of how to move money around the world more quickly and easily. The platform is now owned by 2,500 banks and is used to shift more than $200bn around the world daily.Inefficiencies, however, have left the platform ripe for competition from payments start-ups such as Revolut and TransferWise, as well as the Interbank Information Network (IIN). More than 130 banks, led by JPMorgan Chase, have signed on to the blockchain-based IIN project, which shares information between banks on a mutual distributed ledger. That allows them to quickly resolve errors and compliance issues that can delay payments by weeks.In a testament to how banks are hedging their bets on the future of payments, several of those banks are now part of a pilot for Swift’s own fix for lengthy payment delays — — a new “prevalidation” system in which banks use an application programming interface (API) to access each other’s data to check things such as the validity of bank account numbers when a payment is initiated. Under the blockchain-based system information is shared on a mutually distributed ledger hosted on the cloud that can be accessed and edited by all participants in real time. The API system, by contrast, allows banks to access each other’s data on a bilateral basis, ensuring the recipient’s account information is correct before it is sent in an effort to reduce delays.

>>23561439
>>23562259

Swift estimated that around 10 per cent of all payments on its platform were held up because of errors. Manish Kohli, global head of payments and receivables at Citi, said the new system would “considerably reduce” the costs banks incur to resolve problematic payments and would improve customer experiences. That would “absolutely” allow banks to cut pricing and compete more effectively with fintechs, he added. Mr Meurant said that while the solution was going after “exactly the same kind of issues” as IIN, Swift’s fix was superior because its angle is “one of scale and industrialisation” and the solution could be rolled out to Swift’s 10,000-plus members relatively quickly.RecommendedFT TransformBanks find a use for blockchain: cross border paymentsJPMorgan Chase has been the leading voice on the IIN, but is also one of the 15 banks taking part in the Swift pilot. A spokesman declined to comment on the relative merits of the two projects and JPMorgan’s decision to back both. Mr Kohli said his bank, which has not joined the IIN, believed the Swift solution was more viable because APIs were already widely used within banks in applications such as sharing customer data to give people an aggregate view of their accounts in one place. “We felt this would be faster to scale,” said Mr Kohli, adding that payments solutions only really work if they are ubiquitous.He pointed to Swift’s success in introducing its global payments innovation (GPI) as evidence that it can achieve quick adoption. GPI, which allowed payments to be tracked end to end and introduced transparency on fees, was introduced more than a year ago and is being used in more than 50 per cent of Swift’s payments. It will be used exclusively by 2020 by users of the Swift network.