/biz/ - Business & Finance

>But isn't the SIBOS conference already priced in?
Hell no. SIBOS will expose Chainlink to traditional finance.
Exposure means more interest, which means more adoption, which means more investors.
You cannot price in future investors.

All we need is, some good exchanges prior SIBOS and we will moon.

>What is SIBOS anyway
A finance conference organized by SWIFT, which is the premier communication network for financial institutions the world over.
So the company that connects financial institutions with each other, is supporting a project that connects financial institutions with the blockchain.
Think about this for a second.

>So what does Chainlink even do?
It allows for traditional business and finance to implement blockchain smart contracts.
This means that whatever you agree to in a contract will be executed automatically whenever the conditions are met. And the blockchain acts as “proof”. And we all know you simply cannot dispute the blockchain.
This has the potential to change commercial and contract law as we know it.

>>3600803
This. I don't even check the prices on pajeetdelta, who gives a fuck? I'm a bit concerned by the fact that bittrex and polo stopped adding new coins tho

80k linker here
how long does it usually take to get on bigger exchanges? when will link get on more exchanges?

>Wait, but didn’t Vitalik talk shit about Chainlink?
No. Chainlink uses Oracles to achieve its goal, and Vitalik made a remark about the value of Oracles (which he thinks are "fantastic").
However, the value of Chainlink is not in the Oracles, but in the goal of the project. The Oracles are just the tool for achieving that goal.

>>3600826
I'm getting annoyed too. Nobody knows the answer

>But didn’t Chainlink already crash below ICO?
No, those are memes.
The ICO price was around 10 cents. The price then shot up x2 on the first day (with INSANE volume, see pic), and then corrected to around +40% (on much lower volume).

(Insanely) high volume during mooning + low volume during correction = ideal.

what if Sergey starts stammering all over the place? hope he takes some coke

>Wasn’t the ICO a disaster?
No. The devs purposely missed out on 12 million dollars by maintaining the $ cap of the ICO even after ETH rose a lot in price.
By contrast: Bancor did the opposite by being greedy and raising the $ cap, and we all know about Bancor by now.

Hahahaha holy fucking shit the desperation is honestly humiliating at this point.

The tone of these threads trying to defend LINK are so pitifully desperate it actually makes me cringe IRL.

Can you answer this question please?

>Why is Kyber BTFO of ChainLink in every metric worth considering?

>>3600826
Could be any day now, could be weeks.
It really doesn't matter, this is not some PnD shitcoin.

>>3600872
Because Kyber is completly overhyped? People following Skelly everywhere he goes. But tell me, what has Kyber done so far? Ok, thank you. We can talk about Kyber in Q1 2018 again.

>>3600872
You do realize that Kyber and Chainlink do completely different things right?

Here's a little something to think about:
Kyber revolves around decentralized crypto exchanges, right at a time when it's becoming clear that coin/token diversity is going to be reduced.

LINK aims to connect traditional business and finance with smart contracts and the blockchain, right at a moment when it's becoming clear the traditional industries can use the blockchain.
And with backing from fucking SWIFT.

>>3600851
That would be a good thing, actually.
People are expecting a tech wiz, not some slick buttermouth salesman.

>>3600872
kyber is vaporware at this point. no working product no nothing.
only have money skelly for hype generation.
sold my knc already for 4x to some foolish noobs
GL holding my bags boyos

>>3600793
Is it true that OP stuck 68 "links" up his ass at once while trying for the landmark of homsexuality of 69?

>>3600821
honestly, liqui or binance is enough for a 7x

look at 0x..

>>3600872
kyber and link dont even compete you retard

jesus christ

>But aren't there already Oracles in crypto, like Augur, Gnosis, etc.?
There are various Oracle-based cryptos, absolutely.
But they do completely different things; like Augur and Gnosis which are forecasting tech. Nothing at all to do with what Chainlink does.

>But aren't there already cryptos that do what Chainlink does in connecting external data with the blockchain, like Ripple, Oraclize, Reality Keys?
They kind of have the same objective on the surface, but they work in a centralized manner: they act as data providers themselves.
This is fundamentally different from Chainlink, which is wholly decentralized. Any node operator can enter the variables that are relevant to them.

>>3600883
>>3600893
>>3600914
No matter what you say, the reality is that LINK is poisoned by FUD.

Its lower than ICO price, dismissed by Vitalik and completely devoid of hype. The sad truth of this crypto game is that these things are far more important in the valuation of a coin than any fundamental utility of the project.

>>3600943
>devoid of hype
>every other thread on biz is about chainlink
>you are currently talking about chainlink

most hyped coin I have ever seen

Here's the coin request form for Poloniex- should go ahead and fill it in for LINK

https://poloniex.com/coinRequest

>>3600793
This is ancient news but I can't believe nobody is mentioning this either:

https://www.factom.com/blog/smartcontract-factom-announce-collaboration

>>3600943
Literally every single one of your points is refuted into the ground in my earlier posts.

>the reality is that LINK is poisoned by FUD
See >>3600793

>Its lower than ICO price
See >>3600838

>dismissed by Vitalik
See >>3600827

>completely devoid of hype
See >>3600812
People got hyped at an Apple sticker on an OMG skateboard, what he fuck do you think will happen when people realize SWIFT is hosting a Chainlink demo in front of the international finance elite on 16 October?

>>3600943
Cool just sold 100k.

fucking neck yourself you nigger

>having shitty 3rd world internet
>being too slow to get into crowdsale
>fudding desperately on /biz/ out of all places

even pajeets aren't this desperate.

>>3600943

>Says ever increasingly nervous man that always seems to talk about Chain Link.

Sure bro.

>>3600943
It has never been lower than ICO price. At the very least never lower than presale master race.

>>3600943
there you go buddy. only ICO this year besides OMG with a working product, real life applications, and a huge customer base ( here banks )

>>3600962
Yup.

Factom is okay and all but SWIFT blows out every imagined OmiseGO partnership that may or may not materialise. All vitalik has is hype and he isn't even chief advisor for kyber - it looks like they just put him in for branding purposes

What are the price predictions for:

pre SIBOS

after SIBOS

>just wanna screencap this thread

>>3600994
>SWIFT blows out every imagined OmiseGO partnership that may or may not materialise
See my all-time favorite /biz/ meme.

>>3601002
>pre SIBOS
Overall a great increase (barring some unforeseen event), with dips and peaks of course.

>after SIBOS
Finance and especially crypto is susceptible to memes, so a lot of people will assume the old "buy the rumor sell the news" will apply, even though it doesn't.
It might have a dip right after, but in reality the exposure means exponential growth.

>>3601002

$1 dollar a pop or I bite my own dick off.

>>3601002
pre SIBOS will be x10

after SIBOS nothing will happen in the short term. There are unrealistic expectations floating around. Important people will be impressed but keep it to themselves for ages until concrete plans materialise. It'll probably dip. It'll explode x100 in the first half of 2018.

>>3600994
>>3600979
SO let's tally it up, SWIFT is obviously the biggest partnership but we also have Request.network confirming they will use smart link as well as Factom.

I can't imagine how anyone can fud that.

WHY CAN'T I BUY IT ON BITTREX

>>3601034
>I can't imagine how anyone can fud that.
There's no easy money.
All signs point to this being a mooncoin, so the market is going to go out of its way to shake out the weak hands.

>>3601034
EVERY FUCKING SMART CONTRACT THAT IS NOT ABOUT RAISING MONEY WILL USE FUCKING CHAIN LINK, GET THE FUCK IN

>>3601032
>Important people will be impressed but keep it to themselves for ages until concrete plans materialise.
This.

>>3601032
Actions to take:
1. Buy now as much as you can while it's under .0007
2. Hodl until Sibos (Oct 16th), where it should go to 7-14x ICO
3. Watch demo live and sell 50% of hodlings right if it goes well, 100% if they somehow Golem the bed (unlikely).
4. In case everything goes well, wait for the "sell the news" memedip, and buy back in at the bottom with your 50%.
5. Wait for the 100x moon once news of SWIFT implementation and new partnerships start rolling in during Q4 2017 and Q1 2018.
6. Buy your mother something nice.

Should l invest my 1 ETH now or wait for the dip?

>>3601062
I literally agree with everything you said.

BUTTTTTT keep in mind there's such a thing as 'game theory'.

If enough people assume it's going to dip right after (regardless of how well it goes), then there's a possibility that it's going to do the exact opposite.

To put it simply: watch out for the reverse psychology effect.

>>3601062
>once news of SWIFT implementation
i wouldn't advise this since SWIFT as selected many dev teams and chainlink is one of but not the most notable

>>3601077
>Should l invest my 1 ETH
if it's all you have you should invest like 0.25

>>3601090
WRONG

There were a number of devs in play last year, but Chainlink beat them out by winning SWIFT's "Innotech Industry Challenge".

>>3601105
well if your sources are /biz/ you are forgiven, but if you saw the announcement ETH for example had like 4x room over LINK about this

>>3601112
Not sure what you mean.

Here's the SIBOS schedule: https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry

It literally lists Chainlink/Smartcontract as the Industry Challenge winner.
If you look up this competition, you will find the other competitors Chainlink beat out.

>>3601082
This is why you don't over-commit to the dip by selling 100% once the moon starts to turn into stagnation. You sell 50% expecting the dip, keep 50% in case it doesn't. This is basically just risk management in case there is a huge dip or a huge moon after the demo that might not be apparent from how the demo went but gets born from the crypto herd FUD/FOMO / whale manipulation.

>>3601090
This was the case exactly one year ago, before the 2016 Sibos.

ChainLink is the one team that got chosen and is currently the only team working to implement blockchains to the SWIFT system.

>>3601139
This.

Also, Ripple has beef with SWIFT, so SWIFT is going to put all their weight behind Chainlink to crush and replace Ripple.

Lucky for us, Chainlink is the far superior decentralized solution compared to Ripple. See >>3600942

Now look up the Ripple market cap (~7 Billion), and divide it by Chainlink's current market cap (~50 Million). And realize that Chainlink has far greater possible applications.
Yeah.

>>3600793
I think this video is more concise than the one currently circulating. Sergey does a great job of simplifying and explaining the practical applications.

https://www.youtube.com/watch?v=DrlL5v78FtA

>>3601101
l have 35 ETH, but link is too scammy for me

>>3601190
Caution is indeed advised in the world of crypto, please share why you think LINK is scammy.

>>3601190
Stay poor

>>3601198
I dont know
devs have bank account on cayman islands, its offshore area

>>3601222
kekked

>>3601222
or maybe its just rumors

>>3601222
There are plenty of tax reasons to do that.

Also, see >>3600852
They PURPOSELY missed out on 12 million dollars to keep things fair.

Also, if they were using bank accounts to be scammy, SWIFT would be the very first institution that would know about it.
And they just so happen to be working with them, lol.

>>3601222
So many reason for cayman islands, but all the normies are thinking. scam scam scam. Better do some research about the benefits on cayman islands. Nowadays there are plenty of other possibilites tho.

Bought in with all my mighty 1.5 ETH.
Plz, Link, take me to lambo land

>>3601229
Well you could look it up.

>>3600793
now this is one saucy meme I have gone hard on

> Isn't Link constantly low?
Rn you can trade it only for ETH. And USD/ETH is growing. So even if LINK/ETH stays the same, LINK/USD progresses

>>3601324
you will be rewarded shortly.

this was one of the better moves

Do we have the sauce on SWIFT cooperating with ChainLink?

>>3601387
Tons.

For instance, here is the official announcement and timing of the Smartcontract/Chainlink demo at SIBOS.
Remember that SIBOS is organized by SWIFT.

>>3601025
2 dollar or i eat a shit!

>>3601423
>>3601387
Woops, forgot the link:
https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry

>>3601354
> LINK/ETH stays the same
It is growing actually

>>3601439
kek

>>3601472
Uptrending in $ value too.
But don't get hung up on the charts too much right now.

>>3600793

so this is just a lame ark?

>>3601493
Yes, a very lame ark.

https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry

>SmartContract.com will present a live demo of a Proof of Concept where a DLT platform manages ISO 20022-compliant bond instruments
>while an ISO 20022-aware Smart Oracle settles coupon payments off-ledger through ISO 20022 payment messages over SWIFT.

So if you're not immediately aware, these are TWO specific examples of use cases that are going to be demonstrated at SIBOS.

If you aren't paying attention, now is the time to wake up.

>>3601486
Stop it OP, I was hoping to accumulate more at ICO prices. Got pretty close today.

why would i buy this

>>3601493
It's like ark but at the beginning and you already have mother fucking SWIFT as a client. It said on their website they designed their SWIFT smart oracles.

>>3601502
Because every bank/company out there that wants to use blockchain needs access to their database and real world info, and to make those API calls you need to pay LINK, It's like selling gold to the jews.

>>3601502
>being this retarded
You must be a bitcoin maximalist

also someone explain this

>>3601004
swift is already integrating chainlink you dumbass

can I buy this on bittrex

>>3601536
I think you replied to the wrong post.
Or at least misunderstood it.
Pls delet.

>>3601536
>makes retarded as fuck reply to a post
>calls others retarded
WEW

whales are leaving

>>3601534
-former RSA Chief Scientist Ari Juels (co-wrote the whitepaper)
-decentralized consensus expert Andrew Miller
-Ethereum Community Manager Hudson Jameson
-Facebook's Director of Engineering and LLVM developer Evan Cheng as an active Technical Advisor

>>3601559
>whales
WEW

>>3601560
IT IS TWO FUCKING PEOPLE
TWO PEOPLE

>>3601551
u wot m8

>>3601501
How close to ICO did it get?
I bought in at 0.00046

>>3601591
bretty gud
ICO -> 0.00038
Presale -> 0.00030

What will be some major signs that's it's time to sell your link? I was planning to sell it around the October conference but this thread is really encouraging me to hodl for longer

>>3601693
Personally, I'd tell you never to hold anything after you've gained 2x-5x profit. You sell and go on to the next venture

>>3601693
Normally this >>3601704
would be very excellent advice.

However, this is probably the single most promising crypto since ETH.

I don't know what your financial situation is, but I would suggest keeping at least a decent chunk of cash in this even after SIBOS.

I have half my crypto holdings in LINK, and I'm not selling in the first two years, unless some unforeseen event comes along.

>>3601693
>>3601811
Still, this is crypto so anything can happen.
Never stake more than you can afford to flush down the toilet.
Keeps you from panic selling, but also from premature greed selling.

>>3600793
am I going to make it with 6500 link?

don't want to be a millionaire, just want have nice gains

>when Ripple is hosting a conference in a warehouse outside city limits to compete with SWIFT's Sibos conference held in middle of downtown in the convention center

>>3601568
This. This is my biggest worry. It's a great idea, but two people? Wtf.

>>3602195
I wonder how many people said that about Microsoft or however many billion dollar start ups came up from 2 autistic fucks with a dream and a computer.

>>3602195

SmartContract has been working on this for 3 years.

>>3602208
He is not Bill Gates.. In any sense..
Have there been any icos that have been successful with 2 people?

>>3602208

what this anon says

>>3602247
I don't think you understand the concept I am implying.

No one knows who the next Bill Gates or whoever is gonna be you fucking retard.

People can only say that shit because Bill Gates made it out. How many fucking tech companies that started with dozens of employees during that time is still around?

You are a fucking autist.

>>3602258
You are so fucking retarded. Bill Gates was boy wonder with access to computers when 99.999% of the population didn't. So yes, you could have made a good guess

>>3602288
>You are so fucking retarded. Sergey Nazarov was entrepreneur with access to smart contracts when 99.999% of the population didn't. So yes, you could have made a good guess.

>>3602247
>>3602195
See >>3601560

They impressed SWIFT, but you're getting hung up on the false notion of "two people".

>>3602312
Didn't vitalik write Ethereum code by himself?

>>3602195
You're replying to a sarcastic post which was replying to a list of more than 2 people. Come on man...

>>3602195
Ah the "only 2 ppl meme"

1k link :( am i gonna make it? its all i can buy without getting in debt

>>3602542
You will be able to buy a fiat. Not bad tho.

>>3600872
kys
y
s
be a good cuck and buy above ICO price we all know you will do it eventually

where can i buy this?
no pajeet exchanges pleas

Now starting in cryptocurrency value only at 1.9K
more 10 bitcoin going to be put in 1 hours
MOONLIGHT IN PROGRESS !!
https://bittrex.com/Market/Index?MarketName=BTC-SNRG

>>3602106

Hell yeah you are! In the same boat. Were all gonna make it brah.

>>3600793
Why would I buy it? How is it not another ICO meme?

>>3600793
I don't have a deep understanding of ethereum or blockchain tech in general, so this is probably a really stupid question...As I understand chainlink is middleware that feeds external data in the blockchain, and the other way around. Let's say SWIFT starts using this, will they be using the ethereum network, or some proprietary network? Asking this because I can't really imagine massive amounts of banking transfers going through ethereum...

>>3603725
Ethereum probably. It's meant to bridge consumer transactions on dapps to SWIFT's current infrastructure. Banks won't be using it for bank transfers.
It's a building block for future dapps basically.

Is this $5 in 2018?

>>3602247
Antshares?

Are you blind?
Right at their front page you can see 9 more people. They call them "counsellor", but does it really matter? It means just that those people are paid in traditional money for completing specific goals and hold no tokens.

>>3603877
wat

>>3600793

I FUDded the ever living shit out of this to shake your weak cuck hands. Have over 200k tokens now. Thanks for the cheap tokens, suckers

>>3603725
They can use it on their own proprietary network.

Sergey mentions one of the benefits of ChainLink and the reason it can be easily adopted is that it works around banking legacy software so banks do not have to upgrade their software.

If SWIFT has a proprietary system they want to run it on, ChainLink can easily adapt and be the middleware for that proprietary system to be connected to the rest of whatever it needs to be connected to whether it be the blockchain or real industries.

>>3600793
I hope you stick around anon.

You're absolutely slaughtering the ChainLink FUDers.

>>3605232
Twist:
He was fudding himself

>>3605232
There are no more fudders
LINK is sure to rise now. Hope they were still fudding it, cos I need some time b4 I get the money to invest.

>>3605340
Just need better exchanges now for more volume and moon mission.

Etherdelta keeps the normies away.

OP I have 2600 Links, my first Ico, am I going to make it?

>>3605737
Honda Civic tier

THERE IS NO "BACKING" FROM SWIFT
>retards think winning a science fair is the same thing as a partnership
THERE IS NO "BACKING" FROM SWIFT
>retards think winning a science fair is the same thing as a partnership
THERE IS NO "BACKING" FROM SWIFT
>retards think winning a science fair is the same thing as a partnership
THERE IS NO "BACKING" FROM SWIFT
>retards think winning a science fair is the same thing as a partnership
THERE IS NO "BACKING" FROM SWIFT
>retards think winning a science fair is the same thing as a partnership
THERE IS NO "BACKING" FROM SWIFT
>retards think winning a science fair is the same thing as a partnership

>>3600793

Lmao... people who still think game theory is relevant in any field. It's obsolete like lots of Freud

>>3605780

>>3600819
> It allows for traditional business and finance to implement blockchain smart contracts.

Isn't this exactly the same as what Ethereum is doing?

>>3605813
Umm no?
Ethereum IS smart contracts. But smart contracts suck at interacting with external data.

>>3605780
READ the official link here from SIBOS:
https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry

>SmartContract.com will present a live demo of a Proof of Concept where a DLT platform manages ISO 20022-compliant bond instruments
>while an ISO 20022-aware Smart Oracle settles coupon payments off-ledger through ISO 20022 payment messages over SWIFT.

So if you're not immediately aware, these are TWO specific examples of use cases with direct SWIFT integration that are going to be demonstrated at SIBOS.

Also, >>3601164

>>3605813
Ethereum can only do that within the crypto universe.
Chainlink is taking it to the mainstream.

>>3605835
Do you literally not comprehend that A DEMONSTRATION IS NOT A FUCKING PARTNERSHIP

Honestly one of the biggest reasons that Link is uninvestable is that the people who support it are so fucking retarded

>>3605850
Do you want to sit around and wait for a partnership to be formally announced?

>>3605850
They're being funded by SWIFT, you think they do that for funsies?

>>3605850
Well SWIFT is a paying client of Chainlink, and they asked them to develop a proof of concept.
It's some kind of partnership.
It's not going to be a "partnership" as in "two equals benefiting from each other equally". This is fucking SWIFT.

Also, if this were an actual full-blown partnership, that would probably be the biggest news in crypto since Bitcoin itself, and LINK would be at least hundreds of $ a piece. Be glad you are aware of it before that happens.
And even if a full-blown partnership doesn't actually happen, Chainlink has tons of potential otherwise.

>>3605850
>when you're so retarded that you fall for the fake FUD and keep on hating the coin when everyone admits they did it because they just wanted more coins

>>3605898
kek that wojak

>>3605898
these fucking wojaks are getting better and better....lmao

I've been trying to get an answer to this but to no avail...

Khm..

HOW DO I SET UP AND RUN A FUCKING NODE?

LINK is in for another leap
God, I wish I could buy more of it.

>>3600838
I need to know what the ico price was in eth not jew dollars.

>>3606126
same :/

>>3606155
.00038 ICO
.00032 presale

Etienne of Request Network has also confirmed they will be working with ChainLink.

>>3606175
< Proof

>>3605780
>it is science fair hurrr!!

Think Swift is doing this for shits and giggles? Use your fucking brain, if everything works as planned Swift is going to acquire them. You can thank Ripple for this.

>>3600793
Definitely a lot of good information on this thread, and I love the fact that we're debating about something that matters other than rolling for meme gf's.

You've sold me on buying LINK. Let's hope these don't turn into bags. With all the info I've learned though, I doubt it.

>>3606395

Enjoy anon. Optimum price to accumulate is 0.00045 but anything below 0.0006 is acceptable. Don't expect a lot until we get off ED however.

Hope you guys all requested LINK on Polo & Liqui.

>>3606395
> Let's hope these don't turn into bags
Pardon, new to /biz/
What are bags? Always thaught bags meant "a lotta muhney"

>>3606455
eh...it means you bought a shitload of a coin expecting it to rise in value, instead value drops and you now have to hold or sell them at a loss.

>>3606455
Bags are the outcome of a bad investment. The coins or stock you hold become metaphorically "heavy" due to them dropping so much, and are referred to as bags.