/biz/ - Business & Finance

Why would CCIP cut any fees? Are you retarded?

>>49424836
no but you are
no one spoonfeed him, he was rude and doesn't deserve it

>>49424836
>why would a solution that makes all chains usable as one reduce on-chain fees??
gee I dunno anon

>>49424794
Hello sirs, I have bad news for you, mr sirgay nazurov died in a boat explosion

Trannies spamming TOKEN NOT NEEDED are about to experience severe memetic blowback when it turns out that LINK makes almost every other token in existence not needed

>>49424861
was it this boat?

Ccip will strain all and the most efficient chain of the moment at once. I unfortunately think we're in for a rude awakening regarding the amount of data that all chains combined can actually handle especially considering all the off chain data that NEEDS to be brought to the block layer.

But OP, I heard something about the token and that it’s not necessary?

>>49424794
>50 million yearly revenue
>linkies waited 5 years for this
HAHAHAAHAHAHAHAHA

>>49424991
ooo shiny

>>49424991
>costs 50 million
>secures dozens of billions

Absolutely based.

So basically CCIP will make Chainlink the mother of all chains?

>>49425186
You might say it will be the Linker of all Chains.

Well I'm excited but I don't expect it to moon right away especially under these market conditions. It's going to take time for adoption.

>>49425186
Yeah but stacking comes first

>>49425345
You can spend the time until Chainlink's inevitable world domination doing whatever you want.
Some anons are the fittest they have ever been, pursuing hobbies, improving themselves. Some anons use discord and take pills to try and change genders. Take your pick.

>>49424991
>staking is now FUD

Good god bros. We are going to be so fucking rich. Just watch these trannies, how they scramble for anything to paint LINK in a bad light, and they fucking retards end up promoting the asset even more.

Imagine the impotent rage and screams from “people” that were apparently too good to grab a stack at $5. Imagine passing up on a once in a century opportunity like this. Imagine your lineage ending with you because you got filtered for 0.01 rupees a post.

Honestly, crypto needs something like Chainlink because it's not exactly normie friendly. It will be good for the space in general.

>>49425377
That's actually how I feel about it. I'm only in quality protocols and I don't spend every obsessing over price action. Just go about trying to improve myself in other ways.

>>49424794
>We're actually, unironically going to be rich
right on brother

>>49424836
No one answered this question because you know he is right. CCIP makes cross-chain communication easier & secure. But CCIP does not reduce gas fees because all oracle computation is already off-chain computation, optimized with OCR etc.

it will not reduce cost because you need to deliver a data into l1 blockchain. you need to spend that gas. solidity tricks will reduce gas fees. OCR already optimized everything & reduce gas fees.

What chainlink can do at this point ? since they have a monopoly, they can increase $link cost per job. They need to find new use cases to spent more $link or maybe they can say, if CCIP information carries 10bilion, you need to pay at least 1000 $link etc.

>>49426098
This. However OCRv2 will reduce gas costs further.
Saying shit like CCIP reduces gas costs is as retarded as saying eip 1559 will reduce gas costs. It just displays that you don't understand wtf you are talking about

>>49426098
>>49426982
>>49424836
Without CCIP, protocols basically have to do a whole bunch of redundant and repetitive actions like spreading liquidity pools across various blockchains.
With CCIP, there would virtually only be a single liquidity pool.
For example.

>>49427058
Ya, it lets the air out the balloon. Everything siloed on Ethereum doesn’t have to happen there. You can have entire applications move to L2 or split components to different chains without UX suffering. Seamlessness is a scaling solution

>>49426982
arent we already using OCRv2 anon ?

>>49424794
Nothing is going to happen. It just can't. Nothing good ever happens to me. I'm sorry fellow linkies but I doomed this project the moment I bought link tokens. It's impossible that I'll become rich. Especially not with my measly 1k stack.

>>49427247
Slave mentality transition to become a master.

>>49426098
I don't think they can increase prices, devs will just copy the relevant parts of the code and do it themselves, it's not hard. Just skipping the price aggregation is what enables attack vectors, just don't do that then, easy

>>49424794
Just one more year yeah, ofc we're gonna wait we are very patient

>>49427476
one more year is going to pass either way, i'd prefer to pass it holding LINK.

>>49424836
Because OP is a retard and is making shit up. Everyone wants a quick pump to dump their bags

>>49427476
More like 2 years for full roll out, hype!

>>49425186
tell me more

>>49424794
I dont like when people sound too euphoric...

>>49424794
I am not bullish, I am beyond bearish.
Chainlink is a globohomo shitcoin of the highest order and is going straight to zero.
Your days of shitting up biz with your astroturfed psyops is over. You've been found guilty of using DARPA bots, paid shills and sybil attacks to push the WEF agendas, and for that you will pay with your miserable life.
You shills and bagholders will be financially EXTERMINATED and there is nothing you can do about it except watch in horror as it all comes tumbling down. The ride ends here for you linkies, the game is over.

>>49427204
No, only Solana aggregator contracts are using OCRv2, afaik

>>49427058
Are any liquidity pools shared cross chains currently?

>>49428679
Meds, now.

Also dilate

Everyone keeps talking about staking and CCIP.

Don't forget about the abstraction layer. Not to mention FSS.

>>49425911
I really need to get my Linkies on a hardware wallet. I could totally see that scenario where exchanges straight up take your Link and hand you more cash.

>>49424794
are you stuck in 2018?
tech in the space moves fast
icp already serves web and http requests completely on chain. there's no need for link
i would suggest holding both icp and link, if the former gets mainstream adoption link is gone

>>49424794
CCIP my ass... It's only the ALBT LMaaS that made crypto staking easier and lucrative too....

>>49428550
Don't mind those jeets hovering around board... This isn't among the best 100 DeFi passive income projects..

>>49428725
Alliance block LMaaS has pools on polygon, AVAX, BSC, ETH .... Hope you are wise enough...

Have product features ever actually driven significant price increase for any coin?

we are going to make it

>>49424794
> GNS is the first profit producing protocol i have heard of
it uses chainlink though
also notable, chainlink devs busted a nut when they found out how profitable the GNS DON was...
they weren't even aware of it
this is bullish for LINK, i am only being autistic and correcting you on a statement you made.

>>49424794
Staking doesn't generate value. Paypiggie get dumped on.

https://www.youtube.com/watch?v=vyd63iG-l68

>>49424872

Holy fuck I never thought of that

>>49424872
>-87% from ath....
Token not needed lmao

Link is up like 1$ overall from its local bottom and linkfags are already gettint euphoric again.
HAHAHHAHAHAH

>52$ to 5.80$
>current price 7.75$
Wow congrats on this seriously

>>49430555
Checked, you hold link

>>49429189

Damn web requests, that totally obviates the need for secure oracles because all information out on that web is true, and certainly of sufficient quality and reliability to be used as a trigger for quadrillions of dollars in derivatives.

>>49428687
okay, i am too lazy to check now. then its great, after ocrv2, gas would be reduced %90.

>>49430555
This chart is outdated, we're quite a bit lower

>>49430555
Checked. Love how mad it makes you that we’re happy lmao

>>49427471

they dont even need to do that. they can just create their local oracle node without going through regular kyc process.

but if you want insurance on top of it, you need to go through regular process.

i dont see any reason for forking chainlink node & smart contract libraries. you can even use any erc20 token to pay the jobs.

but if you want to use anything on chainlink network, you need to pay with $link.

>>49427492
If you think LINK is gonna do another 2018 bear market you’re delusional. EQ and other polkadot gems are the next bear market gainer

>>49430928
2018? did you forget about 2019, 2020, and 2021...? new link/usd ath each year, cope and seethe

>>49431412
and you think that's sustainable? lol

>>49430621
dunning kruger

>>49424794
Its going to be a little bit after ccip release for devs to update contracts, but it is happening. Im personally looking for the oracle of seasons hd remake date. Oldfags know why.

>>49432636
I discovered that connection while on the toilet at work.

>>49430573
I don't hold link and it makes you seethe. Your vaporware scam bags got obliterated by Sergey and the team dumping 700k on your head and then your bags got DP'd and deep throated by big-dicked Bulgarians that manipulated the price as much as they wanted, and the LINK team knew it was happening. Meanwhile you sit at home with your limp cock in your hand posting 'You hold LINK' on 4chan like an impotent retard. I just checked the price, LINK is below 8 dollars AGAIN. It's the same price it was in August 2019. Nearly 3 years later and it's still the same price HAHAHAHA. Keep posting your cope about 'muh you hold shit' though. You bagheld and missed the greatest bullrun in history. You will never have a chance to make money so easily ever again in your life. You had 2 years to sell. 2 whole years.

>>49432850
you hold link

>>49424794
Ew. This is a stinky linky post.

>>49424794
Excuse me (I'm a boomer) but is it true that 0% of the income of the chainlink network is flowing to chainlink holders?

>>49433307

>>49428679
This is me.
I have an update.
I discovered stoicism and to accept external events I have no control over.

The suffering I endured was a necessary process to create the current me and remove the last part of narcissism and unhealthy ego I still had inside of me.
I am now trying to be more objective in my investments and to stop being passive in my investments.
The price of Chainnlink crashed on me, but I should have been prepared for this worst case scenario better.

Obviously the globo homo wanted to make me suffer and I underestimated their insanity.
I won't make that mistake again.

>>49425377
Checked. If you're not using this time to at least read and lift I don't know how to help you.

>>49424794
where is there somewhere to read or watch more on understanding CCIP and its implications?
I've heard second hand things but would like to do some more in-depth reading

>>49424794
We're the bad guys. Everyone on /biz knows that, in the real world, only the good guys win.

Seriously though. The FUD trannies are going to need to dilate for years to undo the damage from all the seething, seizing and cinching they'll be doing after the announcement.

>>49433348
Yes

>>49430655
Where are u pulling this 90% number from?

>>49433459
Yes, that was the process i went through, maybe Sergey wants us to make it mentally first to adjust to reality of having a generational wealth. Maybe the real making was preparing us to get out of the slave mentality to get in into master mentality.

>>49433671
What makes it different then from say, XRP?

>>49433360
johneh already confirmed neet nodes in his presentation

>>49433645
my dumb ass found a thing
https://chain.link/cross-chain#cross-chain-interoperability-protocol
gonna read

>>49425186
it's gonna chain the links together

I'm getting btfo by the housing market. I have 1100 link, please tell me that i can make it someday bros

>>49434145
Maybe someday nulinki, maybe some day...

>>49434145
keeping buying mf
everyday that LINK is single digits is a gift

>>49433896
Chainlink is a decentralized token while XRP is a centralized coin with its own chain. Chainlink is blockchain agnostic meaning it can work with different underlying blockchain technologies. The chainlink token by itself doesn't do anything but it's designed as the one and only way to access the chainlink network which is currently in production. Basically, the chainlink token reflects the health of the chainlink ecosystem whose primary purpose is securely delivering real world data onto the blockchain in a provable, trustless manner.

>>49434450
That's great, but why did it lose so much value?

>>49425377
what about anons who are still wagies trying to accumulate and play catchup?

>>49433684

OCRv1 was based on on-chain computation. 10 nodes needs to write on-chain and smart contract will calculate the price.

OCRv2 computes everything off-chain and writes only the result to on-chain. in 10 cl node network, 10 nodes needs to spend 10*gasFee, but with OCRv1 its only 1*gasFee, %90 reduced gas.

this is what I understood from presentations on OCRv2 protocol.

>>49437450
ocrv1 -> 10 nodes, 10 write request on-chain
ocrv2 -> 10 nodes, 1 write request on-chain

typo fixes.

>>49435102
Mumbai Kruger.

>-84% since ath
Wow congrats on this seriously Linkies.
Maybe if youre lucky you can be down just -50% some day

Please just one more dump
Please just one last big buy of cheapies PLEASE

>>49438941
Its still cheap you disgusting greedy fuck.