/biz/ - Business & Finance

>>23962633
I'll be cooming so hard during that livestream

>>23962633

what is the potential of this partnership?

You can use ChainLink as an oracle solution to monitor the price of ETH and when it verifies that it hits a certain number you can use Parsiq to automatically order a Big Mac via a smart trigger.

>>23962633
No chance either of these bustout operations is a better place to put your money than btc

>>23963483
I agree BTC (Ticker BSV) is the greatest investment anyone can make. I just hold PRQ so I can order Big Macs using smart triggers.

>>23963502
Bsv and bch are also bust out outfits

>>23963509
STIFF
T
I
F
F

>>23963364
Chainlink handles blockchain data on-chain. Parsiq is able to take that data off-chain to work with it in real-time, create workflows, monitoring and automation.
For example, Chainlink provides price feeds, Parsiq is able to make that price feed data integratable off-chain, to be used in, for example accountancy. It sounds very simple but it creates a TON of real-world usecase.
Its basically oracle + reverse oracle, together its the perfect partnership to make blockchain integratable in real world businesses

>>23963645
What is this nerd shit? I prefer my Big Mac explanation.

xbtc did a talk with link (rory) and the price literally went down, amas dont do shit

>>23963697
Yes, fatty. It could technically also be used to automatically purchase a big mac once Eth hits 800$, that is, if McDonalds integrates smart contracts and allows for Eth payment kek

>>23963538
Hey man it is what it is. Just know that projects like link prq bsv are designed to strip you of every penny you have.

>>23963473
Thats so funny I had to make a meme out of that

>>23963697
The only thing you have to know is that you won't need to buy big macs because after this moonshot you'll be able to purchase McDonald's itself and have all the big macs you could want.

>>23963645
I don't need Parsiq for that, buddy. Just etherscan.io. And even if I wanted to use Parsiq's extra tools, I would not buy their shitty token and just pay in fiat.
Imagine investing in a useless shit token lol

>>23963845
Sorry your brain is too small to understand the massive real world use case Parsiq brings to the table. Im not going to spoonfeed you, you dont deserve to make it.
>I would not buy their shitty token and just pay in fiat.
Except you have to hold PRQ to use their product.
Stop commenting if you lack the knowledge and understanding of the product, you're embarrassing yourself

>>23963845
Etherscan is extremely techinical, the only argument you could use is token not needed

>>23963871
>the only argument you could use is token not needed
Nope, that one is void too. I swear you FUDers need to keep up with the news to stop making a fool out of yourselves. You're bringing up old shit thats no longer relevant.

https://blog.parsiq.net/parsiq-epoch-2-0-tokenomics/
https://blog.parsiq.net/parsiq-epoch-2-0-tokenomics/
https://blog.parsiq.net/parsiq-epoch-2-0-tokenomics/

>>23963830
This, i will buy my own McWagies to make a Mc meals for me... Might as well buy a kiosk to save something

>>23963866
>>23963871
>Etherscan is extremely technical
Is it? Let's look at the example

>For example, Chainlink provides price feeds, Parsiq is able to make that price feed data integratable off-chain, to be used in, for example accountancy.
You mean like this simple site which queries etherscan aggregator feed for free?
https://feeds.chain.link/eth-usd
But yeah you're right I better buy a $49 a month "pro" subscription to do it! Funny how even the subscription doesn't mention PRQ token tho!

>>23963983
LOOK JUST SHUT THE FUCK UP OK?

>>23963983
People like you are exactly why Im so bullish about the Q&A tommorow. Many people like you dont understand Parsiq and its potential, you think its just a dumb simple tool.
A lot of people will change their mind tommorow

>>23963983
bet you are the guy telling people Link is a scam in 2018.

see you next year

>>23963983
You better stop truthing dude. It would be a shame if people realized their $21m feed aggregator is already extremely overvalued.

>>23962633
>prq uses link

>flex with big partnership announcement to make shitcoin finally go up

nothing new

>>23964110
It was Chainlink who posted this, and its hosted on Chainlinks channel. Anyone else want to make a fool out of themselves? Keep it coming

https://events.chain.link/events/details/smartcontract-connected-smart-contracts-global-online-presents-parsiq-and-chainlink-live-qa/#/

>>23962633
shill me into parsiq, i have 1000 bucks to throw around

>>23962633
Will this be able to integrate into neuralink in the future?

....asking for a friend.

>>23964232
As blockchain is becoming more and more adopted by real world businesses, so increases the need to work with blockchain data off-chain. Parsiq fills that need.

"For the most part, oracles go one way: they feed off-chain data into blockchains. Data is pulled from sensors or other real-world sources. It is verified. It is delivered to the blockchain or smart contract. There is a whole world of possibility that exists with having data move the other way around.

In 2019, PARSIQ launched as a platform for monitoring blockchain transactions, proving its worth by enabling mempool-level monitoring and alerts, meaning transactions can be monitored in real-time and forensically tracked even before they are confirmed by the blockchain nodes.

The use cases are immense, and the ability to track on-chain and cross-chain transactions has displayed a lot of potential in the realm of fintech, compliance, and platform security.

In essence, this ability also makes PARSIQ a reverse-oracle. Whereas an oracle provides inbound data into a blockchain, a reverse-oracle will utilize data and updates from the blockchain and deliver it to real-world applications through notifications, alerts, and APIs.

As a platform, PARSIQ’s work starts when the job of the oracle of pulling data into the blockchain is done. This addresses the challenge that that data can be either inaccessible or difficult to obtain from within the blockchain. For example: a smart contract cannot know the events happening in other smart contracts, thus creating information asymmetry or inverted flow of data."

>>23964342
"Oracles and reverse-oracles thus serve as a communications stack atop blockchain platforms and other technology solutions that developers can throw upon the decentralized network. PARSIQ, for one, is able to retrieve on-chain data and send it off-chain or cross-chain to other blockchain platforms for subsequent processing.

For example, there may be a need to do additional data computations or transformations, or even analysis of off-chain or proprietary events, in order to make it useful to a smart contract.

On-chain processing requires resources such as gas (the Ethereum fee required to successfully execute a transaction). Doing this off-chain and subsequently delivering the result into a smart contract makes things more efficient and less costly.

Thus, by extension, a reverse-oracle can also be an oracle in itself, by delivering information on-chain or to a different blockchain altogether, after having the data processed off-chain.

How relevant can the process of reverse-oraclizing be?

Think of it this way. A smart contract can execute a transfer of digital asset ownership once a real-world event is verified by an oracle (such as transfer of physical goods, for example).

However, a reverse-oracle has the ability to conduct real-time audits on whether a blockchain wallet (or the owner thereof) actually has the assets to back the contract—what is known as proof-of-reserves. In decentralized finance, this equates to checking for a party’s collateral as claimed.

The applications of reverse-oracles in DeFi can also enable the platform to dig deeper into other factors, such as user risk thresholds, a sort-of “credit ranking” for DeFi borrowers, or source of funds for both parties.

By automating the process of data delivery from on-chain to off-chain, reverse oracles will also make real-world execution of the smart contract viable. For example: opening a lock or door once payment has been confirmed."

>>23964351
And lastly, some dev comments:

"We are working right now with Binance and they've asked us to integrate the Binance Smart Chain. Now we have integrated with Chainlink. And Chainlink is the official provider of oracle data for Binance Smart Chain. PARSIQ is now also an official infrastructure provider for BSC. So now developers and projects building on Binance Smart Chain can create layer 2 monitoring and automation solutions for BSC via PARSIQ platform without having to separately integrate with Chainlink for data feeds.

A perfect example of ecosystem synergy.

They need to have PRQ. They can market buy it (effectively increasing demand and decreasing active circulating supply) or those companies who want nothing to do with PRQ or don't want to go through the hassle, they can just borrow it via O2 Protocol - from their perspective it is exactly the same as paying a fee for usage of service - but in this way, lenders will earn passive income and the token is still locked for the usage of the services."

>>23964342
>For example: a smart contract cannot know the events happening in other smart contracts
once again a complete meme, WTF you talking about bro?
Smart contracts reference each other all the time, they have a certain state that gets updates with each block, and that state is kept by all the nodes. Value or data is locked in certain addresses and those addresses can be referenced by other smart contracts at all time, other wise the whole damn thing would not work

fucking meme shilling

>>23964351
>On-chain processing requires resources such as gas (the Ethereum fee required to successfully execute a transaction). Doing this off-chain and subsequently delivering the result into a smart contract makes things more efficient and less costly.
Yeah that's why you will pay PRQ instead of ETH, right? What a joke, either you want contracts that execute securely and you do it on-chain, or you do it yourself in a centralized way and off-chain. There is no in-between scenario where you trust a piece of shit company to do it for you, and still pay them! That's the whole point of blockchain!

>However, a reverse-oracle has the ability to conduct real-time audits on whether a blockchain wallet (or the owner thereof) actually has the assets to back the contract—what is known as proof-of-reserves. In decentralized finance, this equates to checking for a party’s collateral as claimed.

The whole point of proof of reserve is to do it on-chain, it's what Chainlink fucking does. Just stop.

>>23964516
Sure mate, I suppose Binance gave 100m accelerator fund to Parsiq because they were convinced by meme shilling huh. I suppose you know better than them, maybe you should contact them so they can get their money back

>>23963483
Ok boomer

>>23963645
This guy gets it. Plus stop spoon feeding the lazy fucks. Ifkyk

>>23963845
Fiat. Kek

>>23964683
Yeah I know they dont deserve the spoonfeeding but I had to prove the retards wrong

No thank you jew

>>23963953
Im gonna throw some chainlink gains to get myself a Dominos.

>>23964286
You kikes sicken me

>>23964750
And by this i mean a franchise not a large pepperoni

>>23964286
It could enable your microchip receptors to release dopamine once certain payments on the chain are done.

>>23964816
Will parsiq be on exodus?

Ty fren

Guys guys guys what about this use-case for Parsiq.

Imagine a brothel, but instead of human flesh and bones whores, you have a brothel full of sex-robots, but their pussy, ass and mouth are closed and they wont move, until you pay with ETH through a smart contract, at which point through Parsiq the sex-robot automatically turns on and the orifices open for the duration they paid for.

Wouldnt that be great

who and chainlink? literally everyone relies on chainlink. another attempt at leeching on chainlink’s good name on /biz/

>>23964929
Another absolute mong. Read this post
>>23964212
It was Chainlink itself who promoted this event, and its hosted on their own YouTube channel. So how are we leeching off their name?

>>23965003
>we

>>23965027
Yes I'm talking about 'us' as in the ones posting on /biz/. Not 'us' as in Parsiq itself. Brainlet

>>23965003
>we
uuuh

>>23965057
>us

>>23965148
>Argue about semantics because you can't refute the actual argument

10$ eony

Lets try to find out which are those blurry boys.
Lacks binance and chainlink tho.

>>23962633
Stop spamming Anatoly, wtf