/biz/ - Business & Finance

>>4102108
>Trustless Gambling
Racehorses gets sensors in them whichever reaches the finish line first gets their data send to ChainLINK which then through smartcontract pays out everyone that betted on that horse. Online gambling where the roulette has sensors in every landing place and automatically pays out to whomever betted on that automatically through ChainLINK.

>Trustless Insurance,Trustless Warranty
When you have a car it could automatically send it's realtime data like speed,GPS position and miles driven to ChainLINK. And it could in real time change your insurance terms based upon your driving behavior and if you crash your car pays out (or not) automatically based on these sensor data without needing a third party.

Same for Warranties. If the sensor data shows the warranty should apply it could automatically pay the party or if it is voided it automatically voids the smartcontract.

>Connecting all currencies
ChainLINK can actually be used to link different currencies such as dollar,euro,yen with all different cryptocurrencies and each other. Because you can input real data into it you could make it so that banks could "lock in" things like "Bank A coin=$5" and based upon how much other coins are worth in real time feeded to ChainLINK would make it possible to buy "Bank A coin" with ALL different cryptocurrencies even though they only accept dollars.

(2/3)

>>4102108
>>4102120
Last but not least
>New bank shattering application
You know when you pay for something and you don't want to use your creditcard because of fees? So you go and do a wire transfer straight from your bank to another one.

But then you usually have to wait a couple of days or even a fucking week if it's international and you are unlucky.

Well. ChainLINK is the solution to that. A bank (or third party application) could just feed the information from Bank A that you made a wire transfer to Bank B. And then through ChainLINK combining that data with a smart contract Person that has Bank B account gets paid that money immediately and so the vendor/friend/whatever that uses Bank B knows that he got paid even though he hasn't received the money yet and thus can give the guy from Bank A his goods/whatever immediately. Thus cutting out Creditcards/Wire transaction time and everything WITHOUT having to use cryptocurrency per-se as the end user.

THIS is why LINK is the most talked about coin on /biz/ since ETH. Because it'll be a game changer.

Sure you can say "There is no guarantee it will be adopted" or "Why won't every of those businesses not just program their own solution".

But I could say the same thing about ETH "What if smartcontracts won't get adopted?" "Can't companies not just program their own smartcontract services?"

The answer is NO. Because the value is added due to it being DECENTRALIZED. There is no third party that can meddle with the transaction. It's all real time based on sensor or other outside information which gives security to the users.

I hope some of you understand the potential of LINK some more right now.

(3/3)

HOLY SHIT. Notice how no one replies because it's not FUD

Yeah Confido I'm excited about. Will actually use it as a product in my personal life. Also, Request.Network has stated on Slack that they may very well use ChainLink

>inb4 fudders think a ONE MONTH OLD coin is dead forever lmao

this

Crypterium. Nigga, do you speak it?

>>4102241
I'm also bullish on Confido.

>>4102286
What are my chances on getting in on stage 2? I'm whitelisted but it seems everyone is

Got my life savings in ChainLink. About ~200K
See you guys in lamboland when this shit hits $10

>>4102284
Most of the market share in crypto usually goes to the pioneer.

Bitcoin was cryptocurrency pioneer (litecoin doesn't compare). ETH was Smartcontract pioneer (NEO doesn't compare).

The same with LINK it's the pioneer that has the very first working product. Crypterium might become the Litecoin/NEO of LINK in the future though so it might not be a bad investment.

>>4102313
Realistically, pretty much 0. People have bots stand ready to make the transaction within a fraction of a second when phase 2 starts.

decentralized oracle is a good idea. the biggest problem is that ETH as a platform is utter trash and will surely be replaced, taking erc-20 garbage along with it. theres also no real technical reason for chainlink token to increase in value, and the details of its use in the whitepaper are very vague (pic related). there is no reason to use chainlink tokens for this application instead of ETH itself. surely someone will create software that performs the same function, but is not joined at the hip to ETH and can be used for any smart contract platform and uses a payment method that doesn't involve arbitrary tokens

Thank you for posting this. It's sometimes hard to explain what chainlink does in simple terms like this.

I hope 18 cents was the all time low forever from now on.

>>4102380
It's not that vague.

You need to pay node operators using LINK. So every of the services I said as an example above needs to be paid using LINK as the transaction fee. So even though people pay using Ethereum or whatever they want to use they need to own a bit of LINK to make the transactions.

The entire point of ChainLINK is to make a lot of businesses possible and have as high of a adoption as possible because more transactions=more demand on LINK tokens thus increasing the price of LINK tokens.

Of course LINK can also be used as a currency itself just like ETH even though it was never meant to be used like this ETH is still used as a currency LINK will probably be the same if it has a wide enough adoption (which it probably will).

>>4102327
Sending a single timed transaction doesn't sound that hard to program if that's what it takes.

>>4102108
>Let me explain the TRUE merit of ChainLINK
>Never seen this thread before
>....
>I was wrong the whole time should have bout in at .40

lets make mula join the crypto pump n dump group! https://discord.gg/tUZVSCv join $

>>4102498
tfw FUD has made me question if this post is sarcastic or not

This thread has unironically made me buy LINK i suggest you to read it as well

>>4102142
>When you have a car it could automatically send it's realtime data like speed,GPS position and miles driven to ChainLINK
no one wants this
>Connecting all currencies
American Express tackles this already
>You know when you pay for something and you don't want to use your creditcard because of fees?
This has never stopped me from buying anything on my credit card.

>4 Chan posters are the only people talking about how great this is
4 Chan....This will get the major investor in

/erc 20 thread

>>4102634
guess you didn't grasp the whole concept of cryptos. pls never post here again.

>>4102639
Not really relevant.

Profit companies make is usually higher than the infrastructure they are build upon.

Google makes more profit than internet providers. Mining companies make more profit than mine owners. Food retailers make more profit than farmers.

This is always the case. The further in the economics chain you get the higher the profitability is. ChainLINK has the possibility of being more profitable than ETH itself and thus it doesn't matter if it's build upon the ERC20 infrastructure or not.

Remember when every alt coin was garbage until ETH became succesful and now people believe in alts?

The same is happening with LINK. Everyone think ERC20 tokens are trash but there is a genuine chance LINK will disprove that like ETH disproved that altcoins are by definition trash.

>>4102634
you sound like a no coiner faggot lmao

>>4102634
Holy shit I'm not even a LINK hodler but that was such a fucking weak set of arguments

>>4102733
this guy seriously needs to kill himself to prevent spreading this mental disease he is suffering

This is what linkies actually believe!

>>4102380
This arguement is so stupid. Its important to tether the price of the service to a token thats seperate from Eth. That way the market for the product is contained within the token itself and not Eth.

I mean just to further explain how dumb this argument is, you can literally apply it to any ERC token that ever existed or ever will exist. You could have made this argument against OMG as well when it was at 20 million market cap (at 700 Million market cap now)

I wish I owned more Link

GOD DAMN how do i into more without kneepads or money

>>4102803
Sharpie, the only way

>>4102803
you could suck dick for 0.1 Link in the future

>>4102803
Here's what you do, sell it now and buy again. When it is 5 cents

>Delusional LINKfags are still trying to sell their bags

>>4102778
this is what is possible from a technical standpoint with chainlink. the only people denying this are people with 0 technical knowledge. He doesn't even say anything about price, pure technical possibilities that are already confirmed you brainlet.

>>4102380
>ETH as a platform is utter trash and will surely be replaced
What is Plasma and Raiden
See you at 600$ poorfag

>>4102108
Oh nice insight, I didnt hear this shit ober and over the last month
Admit it, you just invested in something that dosent need to be expensive to work

And if bankers are going to use it, it will be cheap-o as fuck

Fucking linkies...

>>4102120
And the racehorses' sensors are plain dumb

I FUCKING SOLD EVERYTHING AT 3.3K THINKING IT WOULD DIP BACK TO 3.1K TO BUY BACK IN AND NOW IT'S FUCKING MOONING

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

SHOULD I BUY BACK NOW?

>>4102815
That's why i said without kneepads idiot

>>4102814
Never

>>4102825
I own 55 link

>>4102895
>mooning

It went up against usd because BTC went up and it kept the same btc price

Im holding, link will be huge in 2018.

The fud make me laugh, meanwhile, im buying link for sales.

>>4102867
>>4102889
Those examples were just a couple ones outside the top of my head. Yes it's true that I invested in LINK but I did it because I believe in the future business opportunity it will create for me. I am a entrepeneur that has had small business ventures before and I am seriously thinking about pioneering a new service by using the tools chainlink provide me. All the examples above were just very basic premises for a kind of business that would suddenly become viable upon using ChainLINK there are thousands of other possibilities. For example using the Data from the barcode scanner in different shops accross the nation to gauge interest and automatically pay management firms through chainlink and smartcontracts if a product sells too little to up marketing or if it sells a lot to automatically extend the contract with the factory and put new orders up.

Just another example of how ChainLINK can add new value and make new businesses possible.

>>4102895
It will probably keep mooning until the conference at 3 november and then have a retraction unless there is big news at the conference (there isn't) Decide yourself what to do with this information.

>>4102718
>genuine chance
tierion levels /thread

>>4102996

I agree. I think we will see at least a SMALL upward tend. And the 3k resistance that was scratched was not broken (again like about a week ago). It is pretty safe to assume that the floor is reached there. If the news are outstanding it will moon or rise at least some. If not, then it will keep hovering around that for a while. And if they finally take their heads out of their asses and communicate, well then it will be enormous.

One last FOMO attempt before whales kill this shitcoin off forever. Sad!

look at those fucking buy walls on binance. 18 cents will be the ATL forever.

>>4102648
Hold your bags. Typical LINKie.
>I has Knowledge on crypto
>No knowledge of business.
How much moneys have you lost?
>Can't lose money if I never sell
right?

Let me break it down for you:
Whales
One exchange
Shit exchange with proven price manipulation
4chan bag holders (down thousands) are the only ones still talking about this coin

I'm up thousands having never touched this coin.
Now I ask again how far down are you?

>>4103168
are you new here? most /biz/ people bought at ICO and are still /comfy/

>>4103168
you probably also made profit without holding any ETH sure. but how much gains would you have if you did hold ETH from the start? Thats link right now

>>4102108

PAJEETS ON SUICIDE WATCH BECAUSE OF NO ARGUMENTS

Its actually amazing that when it comes to substance, the FUDders are helpless.

All they can do is meme and laugh, but when you discuss the issues LINK wins with flying colors

>>4103411
that is pretty much the reason for FUD and arguing in a logical way I guess. Cull the mentally retarded from potential gains.

>>4103168
>whales
what do you think they are doing? dumping their millions in fiat for the lulz? kek

>>4103516
Nah, they just hand out free money to exchanges and other people, that is why they buy it for no reason.

tfw already all in on link so i can't buy more

>>4102634
world doesn't revolve around you and your beliefs faggot, kys

Chainlink 2 scenario's

1. Gets picked and intergrated corporate = moon
2. Doesn't get integrated corporate = vaporized$$$

Most likely it will get incorporated. Though I think 2019-2020 will be a more likely scenario for LINK to really pick up.

I cant wait to buy my white

L A M B O
A
M
B
O

more people on /biz/ need to read this.

>>4102108
chainlink has a LOT of potential

>the potential to go down to 1k sats
>the potential to bankrupt all of its deluded investors
>the potential to ruin your life

a LOT of potential!

>>4104047

this is the level of link fudders

>>4104027
We all know this, even most of the FUDders.

LAMBOS
A
M
B
O
S

This shit might actually convince me to throw another ETH at Link...

Biz convinced me to buy ETH at $20 and I never sold. Convinced me to buy OMG at 6.50.. Vert at 3.35..LTC at 40..

yea you bet your sweet sack im feeling this shit

I bought another 10K yesterday. Sitting comfy with 50K. Will add some more once this BTC fork crap is over.

Linkies who haven't done their research still thinking even with widespread adoption their shit token will be worth anything at all
You retards know that chainlink network isn't even necessary for smart contracts to be used?

>>4104383
>even with widespread adoption their shit token will be worth anything at all

you can say the same about literally every other coin, yet even vaporware scams still dwell the top 100.

>>4104383
If you want your smartcontracts to trustlessly talk to external data - aka 95% of the future of smartcontracts - then yes actually you do need ChainLink

Wow this is too easy. NOLINKs BTFO

>>4104383
>who haven't done their research
>You retards know that chainlink network isn't even necessary for smart contracts to be used?
Wew lad, sounds like you're the one who hasn't done his research.

>>4104383
nice pasta now stfu. its needed if you want decentralization

>>4104383
This is quite literally what they said about ETH. That banks will just adopt the blockchain but not the token. Yet after every big EEA meeting the token mooned to the heavens.

>>4104489
Was chainlink used for the demo at sibos? No.
Smartcontract can be used without chainlink. And even with "mass adoption" of chainlink the tokens are still not as valuable as you wish, little boy.
Node operators are paid 1/312th of the transaction fee, and sergeys 65% reserve of chainlink will be given out to companies for free (most likely sold privately under the table) so you'll be selling 1/312th of a token that costs nothing and just increases the circulating supply

>>4104548

Do people actually believe this?

If so, they deserve to stay poor. Seriously.

>>4104548
>Was chainlink used for the demo at sibos?
...Yes. The fuck are you smoking, FUDer?

>Smartcontract can be used without chainlink
Not if you want them to trustlessly talk to external data. Which is literally every useful real life use case for smartcontracts. See, Confido.

Rest of what you said is baseless speculation. Get fucking obliterated, deluded NOLINK

>>4104548
>Was chainlink used for the demo at sibos? No.
Is this bait? If so 1/10 for making me reply. Yes it was used for the demo

>>4104548

hur durr hurr le kek dur

> https://imgur.com/a/mkod3

>>4104682
>standard and POOR's
how appropriate
LINKies gon be POOR FOREVER

>>4104708
See>>4104161

>>4104548
this idiot doesnt get it

nolinkers BTFO. you just don't understand it enough you brainlets

is it a smart investment to move my bch holdings into link linkies? kinda really doubt bch is more than a pump and dumb tool at this point.

>>4104840
Obviously us linkies are gonna say yes.

>>4104840
no, never buy low.

>>4104840
If you had bought LINK during the ICO would you sell it now for a measly 2x?

>>4104548
Get off /biz/ Amanda.

>>4102241

Serious? Got a SS of that? I'm currently bag holding LINK and REQ both.

>>4102996

Please join the marketing team at LINK.

Considering Sergey was previously a Co-Founder of an exchange what are the odds he is in the process of creating another exchange?

LINK literally has one developer who was a film student in Guangzhou City who wrote a thesis on the post-war Polish cinema of the 1980's. He was obsessed with the film A Short Film About Love (1988) and watched it dozens of times, feeling a kindred connection with the shy, obsessive, and out-of-sorts protagonist. Much of his life at the time reflected the protagonist's own experience as he fell in love with a woman living in the apartment building across from his own.

The developer would spy upon her through a pair of binoculars every evening as she would carouse with her partner. He found a way to open the lock on her door using a kitchen fork and would frequently enter her apartment to learn some aspects of her life, as in the Cantonese film Chungking Express. He found on her partner's computer that he was heavily invested in cryptocurrencies and through extension of this became interested himself. His evenings were consumed with learning how to code the coins, taking breaks only to gaze upon the beautiful woman from across the way.

Eventually he gained enough knowledge to begin his own cryptocurrency ChainLINK which became wildly popular. In this time the woman got married to her partner and the developer attempted suicide (as in the Polish film). After leaving the hospital he came upon the news that her partner had disappeared mysteriously. Apparently he had borrowed money which he couldn't pay back and now he was gone without a trace. The developer felt a new vigor for life and coding. He rebranded LINK and gave it the moniker 'the Oracle solution.' To this day he is developing the coin in the hopes of attracted the woman he's been spying on for years.

>>4104640


>>4104640
Chainlink was not used at the sibos demo
End of story

>>4102108
OHHHHHHHHH I get it now.

It's called Chainlink because it's the link that links the chain together. The blockchain. I GET IT NOW.

Sergey Nazarov... think about it! S.N. ... Satoshi Nakamoto! This is Bitcoin 2.0! $5000 in 8 years.

>>4106721
Also no one replies to my facts about link tokens being worthless
Typical

Enjoy those tiny ass transaction fees that just add to the circulating supply you fucking moronic cunts

>>4102108
This coin will not make you rich any time soon.
The product will not be rolled out for ages, they will likely be beaten to the punch by a bank or organization that knows what they are doing.
2 losers next to the bathroom that want to let their work do the talking aren't going to get very far.
News is what makes coins go up, there is no point in investing now if there will not be news coming out for ages.

Does anyone have a picture of rory?

>>4106721
>Chainlink wasn't used
>Posts evidence clearly showing that it was
>No it wasn't end of story I'm the boss here
You are the authority on nothing.

But please tell me what coins you are holding and why you chose them. No BTC or ETH.

>>4103075
feels bad man
I was hoping it would settle around 15 so I can scoop up more when my usd hits my bank acc

>>4104548
>so you'll be selling 1/312th of a token
what did he mean by this?

>>4106791
Here ya go

The FUDers of LINK are so retarded lol

>>4106802
You didn't post any proof through

>>4106954
Yeah dude a demo for sibos means that transactions from 11,000 banks will go through chain link!

>implying anyone but the people who didn't sell before sibos are the retards

>>4107262
>>4104682
Still waiting on the coins you are holding. Put up or shut up.

>>4107273
is that why the top 50 addresses are still holding their LINK

>>4107280
Btc, eth, xmr, omg and csno

Now can we get back to the discussion at hand.
Why do you Linkies think this will be worth $50 eoy when there are no paying customers on the chainlink network, there is no actual information about running nodes, and payment for node operators is 1/312th of a transaction fee that comes from a 650 million reserve of tokens?
Pls explain

>>4107332
>omg
retard alert

DGB 2.0

You guys dont realize how close your are to it

>>4107337
Nice attempt at deflection

Omise is a company that already handles billions in payments and is actually making big partnerships pretty much every week
It doesn't change anything I've said so pls keep trying

>>4107314
Is that why link has been dumping since a week before sibos and the wider crypto community literally gives zero fucks about it

Go back to trying to empty binance hot wallet you dumb newcoiners

>>4107426

Not everyone can become rich. It's the ones that realize what LINK is early on and hold it.

Stay poor and get the fuck out of our way.

>>4102108
This thread's so well-written that it's on Crypto Takeoff's latest daily report:
https://medium.com/@CryptoTakeoff/link-10-29-status-update-c2bd107c94c

>>4108263
I'm flattered.

Just wanted to explain the use cases and potential of the coin because I feel like most people don't realize what it actually is.

ZAP is a superior product and already in production lol. LINK BTFO!

>>4108458
what else can LINK be used for?
give me some more examples please

>>4108530
Governments could have sensors at factories that gauge the amount of pollution they emit and automatically pay them (subsidy) if it's below a certain point or fine them when it's above a certain value.

Solar panels connected to the grid that are unused could send the data of how much they put back into the grid to ChainLINK and the power company pays out X amount of money for X KWH generated based on real time costs of power.

>>4108590
that sounds oddly specific, what is the first most likely use case for it?

>>4108630
Literally in OP

Confido will be using LINK as their oracle

>>4108630
The second one is not as specific as you'd think it is.

Power generation will become more and more decentralized due to people owning their own solar panels and other small scale power generation capacity.

Eventually people will start to buy power from each other but you just want to use power when you want to use power and not have to barter over every kwh you use.

So if you send all data from all solar panel generation and kwh usage by other people you can make real time payments between generators and users of power.

Think about this. This startup using ChainLINK has the capability of replacing power generation companies sometime in the future. How is that not huge?

And again this is just one of many thousands of applications that are possible with ChainLINK.

>>4108470
>https://medium.com/@CryptoTakeoff/link-10-29-status-update-c2bd107c94c

lol zap is literally the failed bitcoin center employees scrambling to capitalize on chainlinks lack of pr. Read their whole site and realize they read the chainlink white paper and the light bulb went off it their heads only they don't have any product yet

>>4102718
eth had more than two devs and created a block chain and platform for other apps to run on it. I dont think a basic dapp will be even close to eth

>>4102781
yes u can and yes every erc20 is completely worthless. That isnt to say you cant make short to mid term gains off these coins, but for the long term they are all garbage. OMG and walton are moving on to their own chain so they still have value. Congratulations you finally realized erc20 tokens are all shit coins and will all be replaced in the next year.

>>4102108
SO MANY LINK SHILL THREADS

I feel like i'm in Soviet Russia

>>4108682
>And again this is just one of many thousands of applications that are possible with ChainLINK.
Tell me more!

>>4109249
>Tell me more!
You could solve the oracle problem.
You could present to DOZENS at the largest most luxurious restroom in SIBOS.
Well you could collect $32 MILLION for selling barely a third of your supply. Such a massive scam is truly only possible with ChainLINK.

There's are limitless options available to you with ChainLINK!

>>4109350

PnD group, get rich:

https://discord.gg/qpVaUt

How is chainlink different from aeternity?

why aren't there as many aeternity threads?

>>4109602
Aeternity's a completely new blockchain that would need wide adoption to be useful in the first place, while ChainLink is merely a protocol that can work on any blockchain. But that's looking a bit too forward because realistically ChainLink is bound to Ethereum right now, seeing as Ethereum is the definitive smart contract platform and the LINK token itself relies on the Ethereum blockchain.

ChainLink's oracle protocol is also more robust, using several oracles at once (user-specified quanity AND user-chosen) and aggregating their answers using a function that does not reveal the answer of the oracle to any other, thus there is no way to "me too" someone you trust to piggyback on their success; a centralizing force if allowed to happen unpunished. Aeternity has one oracle commit to an answer, publish it to the blockchain, then let anyone else object to it by staking as much as the first oracle. The answer is assumed correct if there are no objections. In the case of objections, the correct answer is then decided upon by the blockchain's consensus.

Aeternity oracles define a question they can answer and will only answer in "true" or "false". ChainLink allows you to directly link APIs and any other data you have access to, and anyone else can participate by scraping that same data and joining the pool of oracles that provide it. The example presented at SIBOS of ChainLink - averaging the interest rates of multiple banks, calculating a market rate based on them, and finally executing a bond payment based on that rate, would be impossible using Aeternity's blockchain. That last part - executing an external bond payment - is especially challenging because Aeternity only defines one-way communication. Its oracles only answer true/false questions. Of course, an oracle could do whatever it wants off-chain and use the question as the trigger for that, but you give up the trustlessness and transparency you were using blockchains for in the first place.

>>4109602
>>4110648
The differences in their nature, implementation, and use cases are so vast that they aren't even really competitors. Aeternity might become the preferred platform for bets and prediction markets, which it is especially well-suited for. ChainLink is by far the best general decentralized oracle that has been proposed as of today. But right now that's all it is: a proposal. Today, ChainLink is merely a whitepaper and a tool to make your own centralized oracles. The actual ChainLink protocol has yet to be implemented as the whitepaper described. When that happens we'll get to see its actual uses in the real world. Will that take months? A year? More? I don't know, but given the amount of money they raised in their ICO they should have more than enough money to build it quickly and build it well. That's why if you don't see some strong movements in the near-mid future I would be very worried about what the fuck they did with the cash.

As for why there isn't so much Aeternity discussion, it's because there's not much to discuss yet. ChainLink rode the "SWIFT partnership" hype train all the way to derailment after they inflated their expectations of a simple demo presentation. You might hear more about Aeternity when they actually release their blockchain. From Aeternity's October 23rd update:
>We are looking to release the testnet on November 15, with very limited capabilities. We will not have oracles, state channels, smart contracts or governance.

LINK is worth less than coins like funfair, bancor, and siacoin. what a failure