/biz/ - Business & Finance

No market for it. Centralized data processes work faster/cheaper/better. Oracles only as good as the data source.

>>24841538
Sold it for the next IC3 moonshot

>>24841538
Because Klaus Schwab is my uncle and said that they're going to use the shadow fork.

>>24841586
just market sold

bought at 5$ sold at 18, now its dead and its funny to watch people worm and convince themselves its ever getting back there.

>>24841538
All of us OGs cashed out at $20

Klaus Schwab is my uncle. If you ever read a newspaper story about him, you know this guy is the guy. I've actually met him. And he's a really talented kid. He's really talented and he's very smart. He has a background of math. He has a background of writing. And he's also just an awesome gentleman, and he really wants to do good stuff with this company. And I'm really glad that he's joining us.

But he's already very good. I mean, you know, he's a huge competitor. There's only one person that's really been against his book, is Ivo. And it's a lot of competition.

But he's got quite the pedigree. He's got two books in here. He's in here. There's a collection in there of all these books by German professors, the German textbooks, and the German professors themselves. And they're on Amazon right now. They're available now for $8.99, and you can give them a try, and if they like it they can buy you $10,000 worth of your books. And he's got a library with around a million books. That's in there.

I've seen a few videos of him at events with these professors. And some of them are like, wow, that's some weird stuff. You know, it's just weird stuff, and there's lots of weird stuff. And he'd come to an event and he'd have a little book or a book by someone else. And he'd talk about the stuff. He'd get into a bit of this and just sort of talk about it. And it would also get talked about later on.

And some professors don't get a lot of access to the books.

And some of these people do really well. And there's that, the idea that maybe, you know, he's got all the skills. He knows the science, the psychology, and the math

>>24841586
hi skelly. maybe you should get off biz and start figuring out how ETH and the hundreds of projects relying on it are going to scale? maybe find a way to lower those gas prices?

I only like being scammy by skinny russians not fat ones so I invested my funds into eth

>>24841538
Doing my homework back in 2018, the 35% supply owned by team fazed me.. after towncrier acquisition was going to buy, shot up to 60c thought I'd missed the boat

If I wanted a top 5 coin I'd buy Eth or BTC. Enjoy your boomer stock tier gains. I'll stick to degenerate shitcoin gambling where the real gains are made

>>24841761
>If I wanted a top 5 coin I'd buy Eth or BTC. Enjoy your boomer stock tier gains. I'll stick to degenerate shitcoin gambling where the real gains are made

>>24841538
because RLC has better oracles and tons of other stuff plus a decentralized supply and a lower supply LINK is shit

>>24841728
I'm all in Bitcoin. Proof of Stake and DeFi (anything not reliant on partnerships/roadmaps) may eventually amount to something small, certainly not remotely close to current market cap. But nothing has the asymmetric upside Bitcoin has and regardless of that, I'm also in Bitcoin for the philosophy behind it - it could lead to a more just (not perfect) world for everyone.

I sold at $17 for ETH. It's just a price feed.

>>24841847
>he’s a bitcoin maxi

>>24841538
i have 20 will i make it?

PNK is the new link

>Creators name is legit Sir Gay
No thanks, I think I'll pass on that one buddy

>>24841847
you heard the man faggots. skelly doesn't even hold his own project anymore

>>24841874
Spent a lot of time fudding Bitcoin, espoused ETH, made money on altcoins (Hex of all things). The macro put me all in Bitcoin, but I think it's where most end up inevitably.

>>24841925
My initial response had no reason to lead anyone to thinking I'm in Ethereum, so you either misinterpreted my response or don't know what you're talking about.

>>24841933
Nah, you’re just a midwit senpai, you say something like:
>it could lead to a more just (not perfect) world for everyone.
But don’t realize where smart contracts and doracle networks fit in, it’s impressive, truly

>>24841538
I accidentally them all to the GHST contract

>>24841958
it's alright skelly, this was your one chance to do something with your autism and you blew it. welcome to being an average human but with disabilities. you got further than most, time to pack it up.

>>24842023
kek

>>24841633
This really is something a person who got in as late as 5 would say

still no one single decent argument...

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""""
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.
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 outside of the shitcoin AAVE.

>>24842006
>But don’t realize where smart contracts and doracle networks fit in, it’s impressive, truly

>>24842069
right here nigger.>>24842084

@24842090
Thx for the you :^]

>>24841586
chainlink is centralized, the "decentralized" is just hand waving that some time in the future they will figure out a bunch of hard problems that theyve made no progress towards

>>24842133
This is one of the major issues I have with Bitcoin. My problem is that, from the most simple of technical points to the most complex of political issues, there is no clear "official solution" and everyone is so confused it's hard to even figure out what the consensus is. The "official solution" as we know it isn't based on the consensus, it's based on many different different "minimalistic and arbitrary decisions" like mining and fee and blocksize, which are decided by the community, and they are decided according to a bunch of different "minimalistic and arbitrary" decisions, and it's been decided arbitrarily by the community too, and I believe those decisions have been made arbitrarily by some "minimalistic and arbitrary" people too. If you're like me, you might think there has to be some "consensus" to decision making that says you shouldn't change something. Well, in order to get to that conclusion you have to consider all the decisions the community makes that have been made by itself in a way where those decisions can be evaluated in their proper context, and then you have to then look at some of the arbitrary decisions the community has made. If you look at these things, you see there is no such thing as a final "consensus", you can't see that, you can't look at the process in that way, and thus you can't see the conclusion that the community is trying to reach: it isn't based on the consensus, it's based on arbitrary decisions and what they've made is arbitrary, so they aren't really making decisions in their proper context. There isn't a consensus from the community, in fact, I don't think there's a consensus at all, it's just a bunch of decision making

>>24842096
do you know what a sensor is?

I starting selling from $8 and onwards and the liquididated everything left at $17 when I saw pic rel

>>24842006
Smart contracts are just code (if X, execute Y). These contracts exist in software.
As for the "decentralized" portion of it, Link pigybacks on ETH, which is very arguably decentralized. Link itself is not decentralized. The founders control the future of the company, and overwhelmingly control the tokens (just check Etherscan holders chart). Nothing decentralized about Link itself. It's just hopped aboard the Bitcoin trustlessness train without inventing or actualizing it. Just saying. Link has nothing to do with Bitcoin, it's a private company.

That leads us to what Link does, which is use Oracles to transmit data from one point to another. The Oracles are only as honest as the data point. So the issue becomes the transmission of said data. I don't believe there is a strong enough demand for these types of data transmissions needing to be insured by third parties that stake a cryptocurrency to ensure the feed is accurate. The immutably factor is problematic as well. I think that's why there's no profitability and the only adoption will be in the crypto sphere and in niche scenarios.

The existing paradigm of data processes just work well enough already. There aren't any issues with the existing systems, or use cases that people have offered me. It's an interesting concept, and I've seen the vision that people have for it, understand their fanaticism, but at the current market cap it's incredibly uninteresting.

>>24841633
>bought at $5
didnt read anything after that lol

>>24842268

>>24842133
Tellor is the only decentralized oracle

>>24842176
Agh, use Reddit spacing.

Are you talking about Bitcoin? BCH and BSV represent these decisions the community has made. They both completely failed. There's no arbitrary aspect to Bitcoin. If you don't like it, you don't interact with it, if you think you can do something better, you can fork it. The difficulty that Bitcoin has with making even small changes to its code is a feature, not a bug.

"Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive. It lives because it performs a useful service that people will pay it to perform. It lives because anyone, anywhere, can run a copy of its code. It lives because all the running copies are constantly talking to each other. It lives because if any one copy is corrupted it is discarded, quickly and without any fuss or muss. It lives because it is radically transparent: anyone can see its code and see exactly what it does."

>>24842392
Burning dog poo and the human response.

>>24842264
New retail buyers don't always indicate a top. I don't even think that's a reliable signal outside of memes. Just don't neck yourself when we hit $140 end of 2021.

>>24842404
who cares? Its a paid solution competing with free solutions to solve problems that dont exist

>>24841538
https://www.tradingview.com/chart/liZqY0jy/

>>24842268
you don't understand the benefits of a trustless data feed or the necessity to insure it's accurate?

Sold 240 LINK everyday, all for ETH.
Made a decent profit.
Thank you for holding my bags.
And the reason is that even ETH is far from production-ready (fees and transaction time are a joke) and LINK depends on ETH being stable to even begin. So it'll crab steadily until ETH2.0 is stable.

>>24842443
>use Reddit spacing

>>24842486
>insure

No one is going to pay for your CMC scraping service. Linkers are dumbest of the dumb

>>24841538
because I have my pnk make it stack instead

>>24842566
except they already do.

>>24842486
I understand the benefits. I think that it's too cumbersome and expensive however. Here are some examples I've used;

>Betting website:
Countless data feeds, all need to be 100% accurate and secure. If otherwise, risk of financial collapse of said website. No problem. Over time these websites have garnered adoption and trust, the risk/reward of abusing that trust doesn't make sense. I'm not sure how a betting website would work with Link, but I'm assuming it would be expensive and cumbersome.

>Insurance:
A decade ago, I had a car accident, a claims adjustor drove to my car and made an assessment.

A year ago, car accident, only this time I simply took pictures of the damage with my phone and uploaded it to the insurance company - where a claims adjustor could process faster without needing to leave their office.

In the future I expect I'll take pictures with my phone which will be processed by AI, if there are any issues, a live person will step in.

I don't see a scenario in which the insurance company would want or need Link. An added third party that's expensive and cumbersome.

>>24842268
Have you even tried using ETH?
It shouldn't even be considered alpha.
This shit is not stable till 2022 at least.

Buying LINK now is like buying Microsoft before IBM had even created the PC.
Chainlink is too early.

>>24842443
you're responding to computer generated text lol

>>24842443
In an e-mail that was sent to people in the Bitcoin community, the group of people asked by the Cointelpro was mentioned several times. We are discussing how bitcoin.org's content can address their concerns.

The Cointelpro is something I did. Some of us want Bitcoin.org to be a site where people can use their privacy to make the world a better place for others.

Some of us don't. What they seem to get is that they should have paid the bills because they didn't want to participate and they haven't done anything else. No thanks.

It is true that some people that we talk to are trying to do something.
It is the case that we are not going to tell you that it's what we're doing because it will only make your opinion better. I also believe that if someone who wants to do something is not going to do it because they're angry they will never succeed.

>>24841538
I already sold for a profit. If I get back in I will lose money guaranteed.

>>24842650
I said you were midwit but you actually might just be dumb holy shit

>>24842652
Agree, they have a punishingly immense amount of infrastructure to create - no one talks about this. All but the most die hard Investors will become jaded over the years of no use/profitability. Similar to XRP.

>>24842652
but link is on other blockchains too and arbitrum is coming

>>24841538
I could only afford 4000 LINK
Not worth it, as I am priced the fuck out
So I won't buy and accept my fate
I was here in 2018 and could have bought 50k, but I am retarded

Sergey Nazarov] is also at the forefront of this [operation], and we'll have to find ways of using our influence to make sure that he is not targeted."


The US, Russia have already agreed on a range of other sanctions against senior Russian officials in the aftermath of Crimea's annexation last week.

>>24842652
Why does blockchain tech move so slow? To brainlets like me it seems it's a waste of time because the shit just doesn't work and they're just larping for time so they can cash out their bags

>>24842711
Try not to be so insecure. If you have a rebuttal present it, ad hominem won't win any arguments. If you're just here to have a laugh, then have at it.

>>24842650
>abusing that trust doesn't make sense
you're assuming the breach of trust is internal. securing data is cheaper than insurance.

>processed by AI
how or where would said ai process your payment securely in a trustless manner without the need of human intervention or an accountant?

>>24842795
What’s to argue when you don’t understand?

>>24842787
Blockchain is on the level of complexity of the creation of computer processors.
And people talk about it like it's on par with web development.

>>24842133
Checked. Nice API3 digits.

>>24842787
And that's why I sold my LINK.
BTC has no ambition at all, it's just value store and doesn't give a shit.
ETH has become the de facto smart contract platform. Think like Facebook, it doesn't matter that it's bad, it just had to be the first standard everyone went to.
Aside from these 2, everything else is an extremely risky project (<0.5% chance of success).
And there's also Monero, that has privacy as an appeal. But that's something entirely different.

>>24842457
This, if you want evidence that retail has nothing to do with topping look at the stock market

>>24842805
>you're assuming the breach of trust is internal. securing data is cheaper than insurance.

True. So let's say the betting website gets its final scores data from an online database that populates these scores. What's to stop that data from being compromised, Link would be just as compromised as the betting website. If it uses aggregators to collect data - that same solution can exist sans Link - yet I don't see any demand for a system that aggregates data to ensure data integrity. Correct me if I'm wrong.

As for external breaches. I don't see external attacks happening frequently enough in this regard. Entities are all responsible for their own data - if they provide bad data they are held accountable and suffer or succeed based on the competitive nature of the free market. I don't know the price of insurance vs Chainlink, maybe you can educate me here.

>how or where would said ai process your payment securely in a trustless manner without the need of human intervention or an accountant?

In the future, and gradually the AI systems can take over more and more. However, digitization is parabolic, it advances exponentially, not linearly.

Link might be the most overvalued crypto right now. It is nothing but speculation and breadcrumbs for 2 years. 2 years after mainnet and all it does is price feeds for defi projects

>>24842392
>>24842711
>>24842823
t. seething retard that can’t formulate a proper argument

>>24842457
well this may be true, but my sells are $17 due to that temporary normie fomo have paid off so far
sure it could go higher, but I am going for some other lower mc bets right now.
I won't be necking myself lmao, I have enough BTC

>>24842950
your response is fundamentally nonsensical, in regards to AI I suggested a usecase for chainlink which you're willfully ignoring and the point is that link wouldn't be as compromised. I hate sophistry, horrible waste of time, you should entertain yourself instead.

>>24842443
Regarding BCH and BSV
>They both completely failed.
seeing as they are 3 years old and 2 years old respectively, isnt it a bit early to say they have completely failed?
we have not even seen $100 fees yet on btc. when that is common these will have a stronger value proposition.

>>24843126
I'm not sure what is nonsensical about it, but alright.

Another rebuttal I could make is that Link doesn't have to be a cryptocurrency. There's actually no reason that the contracts have to be paid out in Link. The same product can exist where fiat is insured for data processes by nodes that stake fiat. Is it apples to apples? No, but I don't see this anywhere.

This is a bit of a tangent but, AI is the future, much more than Chainlink or Bitcoin. Technology is deflationary by nature. Advancing technology makes everything cheaper and cheaper ad infinitum. A single AI system will eventually process all of the insurance claims, there will be a point where human intervention won't be necessary at all, the AI systems will become demonstrably less prone to error.

Could AI and Link work together? Fine, sure.

>the point is that link wouldn't be as compromised.

Okay. Let's see if it goes anywhere. I think I've laid out my arguments. So time will tell.

>>24843250
Fair enough. We'll see. I understand why Roger Ver espouses BCH, I just don't think it's on the same trajectory as Bitcoin. Regardless of Satoshi's "vision", Bitcoin accomplishes the same ideology, which is the opt-out.

>>24843271
rebuttal to what exactly? you've conceded that you've been arguing when in fact your initial impression was ignorance. link is used as security against network interference and to secure it's current growth.

>>24842454
Veronica Vaughn soooo hot want to touch the hynee ooowwwwoooooo!Comfy af

>>24841847
This.
>>24841889
Also this.

My port is 80/20 BTC/PNK.

>>24843572
Misspoke, meant to say argument. My initial impression was ignorant to what?

>link is used as security against network interference and to secure it's current growth.

I understand that. Even though you think I'm an idiot, all I'm doing is forcing people to sharpen their arguments. Maybe eventually I won't have any more arguments to make. For now though, I'll argue that the burden of proof is on proponents of Link to point out specific examples of how Link would work better in a hypothesized or actual system, and why. Not vague overreaching statements like "it's going to create decentralized data transactions all over the world" or something to that effect. Everyone mildly familiar with Link already knows that. Why is the betting website owner not using Link? Or the insurance company?

>>24842264
I hold these peasants to be in Kontempt of Kourt.

>>24843749
>My port is 80/20 BTC/PNK.
Stay poor

>>24841538
Top 5 market cap boomer coin.

>>24843785
you presented yourself ignorant to chainlinks function and presented erroneous examples while presently showing a deeper understanding of it's functionality. I don't think you're anything but misleading and idiots are the ones being mislead. Currently? Because it's immature.

>>24844007
Alright well, just keep this in mind, I've laid out a lot of concerns I have with Link - really none of them were addressed. I've simply been accused of being ignorant, and all the replies I've gotten just continue saying I don't understand it. Even when I asked earnest questions all I received was this circular logic. I'll leave it to 4chan to decide whether or not I understand it.

Keep asking why. Like why there aren't any betting websites using Link for their data feeds, or any companies espousing it besides the small and crypto centric ones.

If people believe in what Link offers, there should be products that exist that implement it. You should design your own company that uses Link, if it's as transformic as people say - it's a no brainer. There's gotta be people out there that see its potential and implement it? Keep asking why. Good luck.

>>24842338
>red id
> refuses 3x advice
Enjoy being cucked idiot

>>24844204
I find it difficult to believe this isn't facetious.

How many of you Linkers run a Link node? How many of you stake?
Meanwhile PNK holders are doing all that and anyone can participate in kleros trials even non-technics

>>24841538
I sold my 20-25 cent buys at $19 like any reasonable person, bought 50% back at $10.25, and am just keeping 75,000 LINK until it either hits $200 or dies like the rest.

I will buy a house in the woods this year.

I have X amount in BlockFi.

ARPA is my Asia play (farming Bella Protocol with it)

few.

>>24844444
LARP

>>24844444
5 same digit

>>24844204
because we're early retard

>>24841538
only PoW coins are worth a damn