/biz/ - Business & Finance

>>28912024
>Thank you for having me, good to be here. So centralized finance is what we do right now, its where an intermediary like Robinhood can control peoples assets, take their data, shift profits away from them to take fees and basically expose them to various risks that they’re not even aware that they’re exposed to. So that’s the current centralized finance model we have today. Decentralized finance is a model without an intermediary where a user controls their own assets, doesn’t have to pay extra fees and is able to transparently see and control the risks they’re exposed to. This is all thanks to blockchain technology and you know, many people believe its the future of finance, as various intermediaries in the centralized financial system continue to fail.

>>28912058
>“So Sergey where is the space headed then? what type of expansion are we looking at?”

>>28912058
I LOVE THIS MAN NO HOMO

>>28912219
>So I think what we’re going to see a continuing failure of various intermediaries, either by them exerting control or through solvency issues due to a correction in the market or any number of other fundamentals that shows solvency issues. At the end of the day, all these types of issues with intermediaries in the centralized financial world will contribute to a greater and greater understanding of the problems with the existing financial system, which will in turn create a shift in trust towards decentralized financial products. The rate and the amount in which these failures occur is not entirely in the control of the decentralized financial ecosystem, but the decentralized financial ecosystem and its collection of products and guarantees is definitely the answer to these failures which is why we’re talking about DeFi now, in kind of the aftermath of Gamestop and Robinhood, and each subsequent failure or issue like that with the existing centralized financial system will contribute to more and more understanding and more and more people moving towards decentralized financial model based on blockchain technology.

>>28912289
>“Its so interesting, and its such a new concept for many, you know many watching, many investors to get theirs heads around, because I’m still a person so how do I access that whole decentralized finance system? What tools do I need to be a person who can still link in, I mean is that where Chainlink comes in?”

>>28912024
This is all fake right?

>>28912366
>Thats not exactly where we come in, I think that is a significant problem for people to solve and I think it basically comes down to: if you want control, you need to take certain amounts of responsibility for that control, and there’s private key management solutions and wallets that are solving those problems for people in different ways with different degrees of control in the hands of the person who has given the assets over to a system or a decentralized financial product on a protocol. Chainlink does something a little different where what we actually do is we take the worlds data, the outside worlds data, and we bring that data into a blockchain, and by bringing that data into a blockchain we allow it to be used to create various smart contracts and financial products. And it’s the actual combination of the worlds data, together with smart contracts, which gives birth to things like DeFi. And it’s no coincidence that since we have been putting the largest amount of data in history onto blockchains, we’ve seen the largest growth of smart contracts and smart contract types such as DeFi. So our goal is to provide the worlds data into a blockchain so people can build financial products, the types of solutions people need to access those products is, you know, a different complicated question but I think the people that can go through the friction of using decentralized finance will see a lot of benefits from it sooner than others, and then eventually that friction will be removed by various wallets and eventually I think the friction will even be removed by banks who don’t really care where they get their yield from, and their users don’t even know where they get their yield from, but they do want to provide yield. And so the interfacing with decentralized finance will actually happen through many, many interfaces that people are used to today, simply because decentralized finance on the back end both provides better yield and less risk.

>>28912484
>“Sergey alright tell us what’s next for Chainlink then, how does it fit into this ecosystem and what are your plans to take it, to take it even further”.

>>28912024
crypto is heating up because you have rubes jumping in everywhere. what do you think is going to happen when a massive wave of normies lose everything? oh that's right new government regulations to crush the space. in fact I wouldn't be surprised if big finance was hidden handing moves on purpose to then crash the space and force government to regulate crypto and hard

>>28912555
>So we continue to notice the rate at which we put data on chain is the rate at which people are able to make markets and financial products and insurance products and all kinds of smart contracts around that data. And so what we are now reaching is a new chapter in Chainlink’s scalability, where we’re genuinely looking at a 10x increase in scalability so we expect that to create a 10x increase in the amount of data we’re able to put on chain as well as our ability to integrate in many different chains. So what we’re basically seeing is the degree to which we’re able to efficiently put more and more data onto a blockchain and various blockchains is the degree to which people are able to build more and more financial products around that data. And as we are seeing and are in the process of now finalizing the launch of, a 10x in the amount of data we can put on, we expect that to have a ripple effect through the larger defi ecosystem to create even larger amounts of decentralized financial products out there in the market. And then from there we continue to both increase the breadth and type of data that we will be providing, increasing the breadth of the types of smart contracts that can be made on chain, as well as the depth and quality of data that we’re providing to various use cases which will subsequently make them more reliable, larger in the amount of value that they can hold and kind of just create growth. So our goal is to continue to support the decentralized financial movement and ecosystem by providing more and higher quality data and we’ve already seen that our ability to do the allows that ecosystem to grow which is something that we’re extremely proud to be a part of.

>>28912792
>“Sergey thanks so much for joining us, its definitely an interesting and evolving space”.

>>28912885
>Thank you very much for having me, have a great rest of your day, thank you.

>>28912885
thank you based transcription anon. do you type this all out while listening?

>>28912949
such a gentleman. pure class

>>28912260
SAME
>>28912370
real and from yesterday
https://streamable.com/wi6ya5
>>28912967
thank you! sergey talks much faster than i can type right now but the goal is to one day be able to keep up with him for an entire speech, i'll let everyone know when that day happens
>>28913059
was thinking the same thing

>>28912792
>And as we are seeing and are in the process of now finalizing the launch of, a 10x in the amount of data we can put on, we expect that to have a ripple effect through the larger defi ecosystem to create even larger amounts of decentralized financial products out there in the market.
well that seems quite bullish

>>28912024
Wow for a split second i even forgot Sergey was a conman, then i came back to reality

previous threads:
>>>/biz/thread/S28820382
>>>/biz/thread/S28228337
>>>/biz/thread/S27393406

>>28912792
> we are now reaching is a new chapter in Chainlink’s scalability, where we’re genuinely looking at a 10x increase in scalability

>>28912024

i can name quite a few endeavors of the last decade and a half where plenty of people made fortunes, where only after the market had already peaked that i saw the opportunities lost

this is the first time i feel i can see the wave coming before eveyone else, the money that can be made in defi in the next 3 years are life changing, thanks to Sergey i already have capital to take advantage of this

>>28915266
checked and we are truly in exciting times

Should I trade my link and eth for BTC? Or is it not worth it at this point? Can’t tell how far this bleed is gonna go

>>28915732
hold. my god dude

>>28915783
Sorry it’s just difficult. In December I lost 1 BTC in equity and I can see it happening again now

>>28913312
>>28913059
He is such a cutie you could tell they both wanted to jump his bones by the end of the segment

>>28912058
read this in Sergey's voice

>>28915860
when did you buy LINK? if you've been holding since at least $20 there's no reason to sell

love when you post fat man's face along with his quotes. just like my waifu visual novels.

>>28915860
its crabbing down to 6$

how much link does it take to make roasties swoon when i talk about the oracle problem?

>>28916040
lol wow i cant believe these people exist

>>28916040
>>28916125
the holding since 20 dollars part.. we use to joke ab link being high

>>28916040
Motherfucking 0.20 cents. Lets go.

>>28916194
I remember those days well. Seeing anons unironically post their sub 500 LINK stacks and realizing that they're worth $15k gives me such a strange feeling of satisfaction

>>28912024
Those girls are soaking wet just talking to Sergey.

>>28912555
look at the lust in her eyes

>>28912366
>What tools do I need to be a person who can still link in, I mean is that where Chainlink comes in?”

We’re still early aren’t we...

>>28916340
Lol like they do with GRT, SNX, AAVE now? It is a comfy warm feeling...I have to agree.

Link will NEVER drip below 30 ever again. That’s a fucking quote

>>28915732
when you say dumb shit like that, you discredit all of us.

just be quiet for a few more weeks until you learn enough to come to 4channel and say smarter shit.

>>28916340
Literally me even though I was here in 2017

>>28916374
kek that question is going the be the highlight of her career

>>28915860
well i can see why you did, you are a fucking retard

>>28916389
>he thinks his shitcoin shilled by literal racist autistic neckbeards will gain any popularity in the mainstream
hahahahhaahah

>>28916893
Been top 10 for a hot minute, and cryptos are for normies now.

>>28916893
Chainlink is bigger than 4chan now, it's decoupled from /biz/.
There's a bigger following on twitter.
There are OGs still here of course but most posters here don't even have a suicide stack of LINK.

>>28916956
there is NO way this pumps past $40 until june. after that it will be a long way down to $10 for 5 more years.
screencap it

>>28917077
Salty nolinker.

>>28916371
They look genuinely impressed.

>>28917077
see you at 100 faggot

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN2AA09P

Have any of you anons seen this yet? It was in my feed a little while ago and all I could think was chainlink. Am I retarded?

>>28913511
checked.

>>28912597
it's like you didn't listen to a word he said

>>28915266
What endeavors?

>>28917654

Makes sense, yeah they are selling a lot now that the price is low. But at 1k plus they won't need to sell many to scale the network. Sergey will be the richest man on earth in 6 years

>>28915266
I mean how can you make money? All it takes is a 50% correction for all of this to stop cold for 3 years

>>28917342
lol.
>nooooo you can't just make information public the goyim might get rich!!!

>>28917916
Remember the posts about how people won't even know they're using link? I think this is it.

>>28917997
oh i remember. the absolute seething by the Nasdaq was the best part of the article tho.

>>28917342

>>28917449
>>28917499
>>28917593
>>28917654
>>28917729
Extremely comfy

>>28918115
so it's just regulation unrelated to link?

>>28917873

I got other shitcoins for high risk/high gains. LINK, at this point, is a long term hold. If you are still not accumulating LINK at sub 100 USD prices, then you will be officially, unequivocally, priced the fuck out. For Linklet holders, do not ever compare your stacks to the OGs with with their 10k/100k Link bags, you are still fucking early. If you are scared to buy at these prices, then at least HOLD your current bags and NEVER SELL. What Sergey and his team have tirelessly worked for with Chainlink will pave the way for many of you to finally realize and take hold of your destiny.

>tfw only 2 linkies

I swear ill buy more next week please keep the price down

sergey betray
now bob is my fren