/biz/ - Business & Finance

>>25514613
that diagram looks like a dick going into an asshole
therefore
it means chainlink is globohomo's token
it is the great reset

>>25514613
>https://www.blockpass.org/2021/01/04/blockpass-employs-chainlink-on-mainnet-to-provide-on-chain-kyc-across-multiple-blockchains/

what does this mean for my .04 LP shares?

>>25514613
it means the us government will use chainlink to kyc all of us constantly

>>25514653
>>25514667
It means more Fidelity's.

>>25514613
>dumps

>>25514613
>solved oracle problem
>solved scaling
>proceeds to solve identity
Not many people know this, but smartcontract.com was originally planned as a one stop shop for deploying and running smartcontracts. Then they decided to focus on oracles. Seems like they are expanding towards the original vision. God speed Sergey

>>25514613
DR;NS

>>25514761
u cant put the cart before the horse. or the chicken before the egg.

>>25514613
On one hand i know this is necessary for growth. On the other hand it makes me sad that crypto wild west is coming to an end soon.

>>25514761
This is Riddle anon here btw. Look for Anatoli Nazarov

>>25514826
This. It was an honor memeing with all of you. The beginning of the end was link mainnet

>>25514792
I'm not fudding.

>>25514613
>Do you fuckers now what this means?
no that's all mumbo jumbo to me

>>25515027
OK;LG

>and investor classification
It means that institutions are actually coming, and we will now know when they arrive.

>>25514761
How long until sergey solves my financial problem?

>>25514710
>>25514826
>>25515024
we knew this was gonna happen, that's just how revolutionary LINK is. Our chains will be golden.

>>25515136
Where do you live and what is your stack size young anon?

so deco really soon then right?

KYC? More like KYS!

>>25514826
It will enable a new era of that type of stuff, instead of scams we will have grassroot crypto projects that are actually useful.

>>25515234
nah
deco is a long way off imo
ocr and t-sigs first

>>25515234
Perhaps, a final note in the blog claimed that zero knowledge proofs were forthcoming.

>>25515312
>>25515234
Ari is on record saying Fan Zhang would spend at least a year at Chainlink "productizing DECO", pretty sure that vid was from smartcon.

>>25515221
north of the us and about 7k. I doubt I'll make it honestly

>>25515399
You will lol. Link at 1k alone (it will go to 2k this cycle) means you make it if you dont live like a teenage retard

>>25515234
>>25515312
from Patrick in discord today
" At the moment, all DECO work can be found in the github, but yes, it's very early so most of what we talk about here would be purely speculative."

>>25514826
You only have two hands, nigger.

>>25515455
>2k this cycle
bahahahahaha
>>25515385
that doesn't make it seem like it's coming soon to me, bro

Fundamentally we're going to have a vertical green line all year, right? Arbitrum moving to mainnet soon after the shit show that is ETH gas fees, then t sigs, then this? With staking potentially this quarter? How are we not at ETH prices already?

>>25515399
You WILL make it. With the correct timing you could cash out during the next bullrun. Some people might say the bullrun is on already, I personally think we'll have a small cool down once ETH hits it's ATH, then the parabola begins. If you can afford to be a bit more patient I'd wait for a few more years. See how's staking and cash out/collateralize what's necessary when link has stabilized in the triple digits. This is not financial advice. Just reflecting on my personal plans

>>25514721
I miss Chainlink memes of this quality.

>>25514613
bearish

>>25515553
Screencapped.

>>25514761
Lmao fucking brainlet

>>25515682
ok?
bro, I hope more than anything it hits 2k this cycle
I just don't think that's going to happen

What's the ratio of LP/Link to stake?

>>25515741
Care to elaborate?

>>25515775
400-10k link / LP

>>25515775
10k link per lp is what they are targeting.

>>25515744
Oh i know bro im just being a le douche. Believe, youll have a smile on your face come October

>>25514613
>on-chain KYC

>>25515775
1 LP = 10k link stake, but they're pumping the brakes on it and that won't be how it shakes out at the beginning.

>>25514818
with modern technology you can do both, nigger

>>25515248
Yea no. Not how the free market works big guy!

>>25515822
word, I hope so

>>25515573
Any info on the status on staking?

>>25515925
There was a thread on it a day or two ago, I'd check the archives. I won't claim to be an expert. If I remember correctly a new years eve day or new years day interview with Sergey was released with a quote about staking coming Q1, but there was some debate on if it was a misunderstanding by the reporter or not. The implication of staking is that all the other ducks are in a row and it would be a whirlwind of features being released all at once or in quick succession

>>25515385
What’s deco again? I know it’s the newest project Sergei bought from ari but I forgot what it does.

>>25515825
>>25516075
provenance and state posted on chain in zero knowledge, for example, you can use DECO to prove that you are over 18 without actually revealing your age to an on chain contract

>>25516055
Sounds incredible. Let me know if you find the thread.

>>25516055
there was an interview with a guy from some other project who said chainlink staking was coming in q1 2021 and had been intended to come out q4 2020. he said some weird things that made it seem possibly not true though, like he called chainlink a blockchain. idk, it could happen but I kind of doubt it.

>>25516155
Arn't a bunch of other projects working on this as well?

LINK AAVE SNX DOT

thats all you need in this bull run

>>25516243
DECO requires no server or client side modifications, it simply uses TLS

I know none of you nerds understand any of this shit, and it's fundementally ok (completely uselses), but I respect chainlink for one thing and it's their bagholders. You guys have the most golden hands I've seen of any community except maybe xrp schitzos. Good job, yall gonna make it.

>>25516222
Checked, I saw that too but I don’t put too much weight on it. For one, the dude wasn’t an insider, just some kind of node operator right? Secondly it wasn’t clear if he meant Q1 this year or Next

>>25515455
>>25515574
I'll take that hopium

>>25516261
Skip the pedodot, get AVAX instead. Far superior tech and about 60 ranks lower than dot.

>>25516222
https://open.spotify.com/episode/0rQlUWj1wLLqTHiXi8hZss

>>25516398
yes, I just found it too
15:20 is a good place to start

>>25516261
For once I actually fucking agree
You’re giving this away far too easily

>>25516388
AVAX has a good tech.. it's a long term investment.

>>25515783
The original plan is unveiling in front of our eyes. Schwabs mentions smartcontract.com in fourth industrial revolutions which is from 2016 one year before the ico. 2017 link just happens to do a poc for a fucking swift. Their vision is just a lot greater than most of us anticipated.

So is LP going to be diluted some when it goes ERC20? I am hoping to stake but own zero LP.

>>25516654
When it's diluted I may sell half and pick up more link. I have way more LP than link by comparison because I bought dirt cheap over the summer

>>25516343
Dude is a ceo that works with the Chainlink team. Q1 is going to be insane for LINK.
https://www.stitcher.com/show/base-layer/episode/base-layer-episode-195-tim-ogilvie-founder-at-staked-on-helping-to-create-the-fixed-income-of-digital-assets-80255899

>>25516720
Well I focused on just link figuring pools from other places would eventually be available.

>>25516774
Just 2 more quarters bro

>>25516222
I've read that staking will be incredibly weak. Something like a 1% return rate, if that.
Now 10% could be interesting.

>>25517140
>I've read that staking will be incredibly weak. Something like a 1% return rate
Did your mom tell you this?

>>25517140
Chainlink will at least give 15% returns when staked.

>>25517140
nobody knows not even chainlink

>>25516720
one LP was not cheap over the summer you larping faggot

>>25517228
Total guesswork

>>25517140
Given that just putting your Link on Celsius gets you a 4.59% interest rate, it has to be higher than that.

>>25517202
He probably read it in a speculative post on here. I tend to agree however. There currently aren’t huge demand levels, and every OG linker with 10k+ stacks will be chomping at the bit to stake, driving the rewards down proportionally. Hopefully things like arbitrum will generate tons of steady link traffic eventually

>>25515248

>>25517318
>He probably read it in a speculative post on here
One that didn't account for things like smart derivatives, smart insurance, smart bonds, ... ?

>>25517383
None of which is live right now, which is why I pointed out in my post that CURRENT link traffic is relatively small

>>25517533
>None of which is live right now
Neither is staking, yet you're still making projections about that lmao

It takes 100k LINK to get into the room with LinkPool to discuss their Managed Node service.

>>25514613
>bullshit word salad. Yeah I’m thinking fuck link

>>25517318
That's the main reason I finally bought LP back in July. Owning LP is owning a share of a Chainlink node(even more since Linkpool is more than a node). This will cap the amount of LINK thay can be staked which stops the reward dilution. I bet when other similar pools pop up, that they will also be offering a share of the node rather then letting anyone stake their LINKs because if their isn't enough jobs, then node operators won't be needing extra LINK for collateral. They'll only let you stake if every extra LINK gets them more jobs and makes them more LINKs instead of diluting rewards.

>>25517558
Touché, but a premise of what I was saying was based on staking comping this quarter, which people have been saying in this thread. Personally I doubt that, however if it did I think derivatives, insurance and other markets would still be at least months away

This is the nigger who told you to buy at 50 cents.

>>25516243
Zoracles and others are

>>25515455
>it will go to 2k this cycle
Gimme a hit of whatever this guy's on

>>25517272
I didn't say I bought a whole LP retard. You're forgetting during march crash ETH was less than $100. Picked up a lot of ETH and bought some LP. Not everybody's poor

>>25517903
Holy fucking shit wrong thread. woops.

>>25517903
>>25519163
well actually that guy also said to buy link in 2018 so nvm

>>25514613
yes, but what does this have to do with GRT?

>>25519099
good luck with your little stack faggot

Simple question. Who will verify the data integrated from offchain system to onchain. For example, how to automatically and beyond any doubt verify that transferred KYC data needed to confirm identity/proof of an accident(so basically a jpg) is not forged.

>>25516651
I'm talking about the actual smartcontract.com page and what it was when Sergey had just stopped working on the exchange

Thank you all for coming to this thread, and my announcement.

Ahem.

Every month until LINK his $1000, I absolutely and irrevocably WILL swing all of my stack.
I WILL lose 200 LINK in each trade.
I WILL complain about chink market manipulation as if my loss isn't my fault.
And I WILL fud newfags with the most obvious fud to make sure they lose out as well.

That is all.

>>25519099
>You're forgetting during march crash
such a beautiful time
I put in as much fiat as I could afford back then

>>25517293

The staking rate will essentially be added to the celsius rate if you hold on Celsius. Current Celsius returns are based on interest from institutional lending. Once staking is out, profits from staking lent tokens will result in higher interest Celsius can charge, and pass on to celsius depositors. It’s gonna be pretty comfy desu

>>25515455
Cheqq’d 2k EOY

>>25516055
No such thread exists

>>25520434
Very comfy

Very comfy 90% in link dca most of my stack back in 2018.

>>25520434
Celsius is a pyramid scheme

>>25515455
You’re on crack
200 is a max this cycle and most likely won’t even go to 100