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/biz/ - Business & Finance


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50085650 No.50085650 [Reply] [Original]

No big deal .

>> No.50085679

>>50085650
correct OP

>> No.50085687

>>50085650
If it does not drive the price up, it does not matter. Token not needed.

>> No.50085962

>>50085650
Staaaaaking

>> No.50086016

Name one dapp that's actually using their oracle in a functioning product that actually provides utility.

Can you name one?

>> No.50086310

>>50085650
nexis... nexo

im not seeing anything good here

>> No.50086334

>>50086016
aave

>> No.50086399

Wait, LexemNexem and Chain Linky have teamed up??

>> No.50086474

>>50086310
this

>> No.50086660

yeah it's insane how this has no price impact, or even interest
nexis lexis are massive
and look at the data provider they're working with too for the flight data...

>> No.50086734

there's zero demand for flight data
not even the first time chainlink tried it, it goes nowhere everytime
weather data worthless too
insurance on blockchain is a meme
no one using accuweather data
zero demand for sports or election results too
no one using AP data
prediction markets are dead

>> No.50087772

>>50085687
This.
So much this.
How many times do we have to tell you schizo?

>> No.50087829

>>50086734
I am reluctantly agreeing. I now see that this is a solution to a problem no one has. Who needs flight data for smart contracts. No, who NEEDS that data? Who is willing to pay for it? Who needs AP scores or voting results on chain? Who needs muh weather data?

Sergey is a great philosophy major, he got his money's worth on his nYU degree but clearly isn't a good CEO.

>> No.50087885

>>50086734
https://www.youtube.com/watch?v=gipL_CEw-fk

>> No.50087899 [DELETED] 

>>50086734
Arbol uses chainlink node for weather data and did hundreds of millions of dollars in premium this year

>> No.50087908

>>50085650
just bought 10k link

>> No.50088065

>>50085650
literally who

>> No.50088295

did nothing but dump when announced

>> No.50088488

>>50087829
NEXO doesn't have any money left.

>> No.50088726
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50088726

>>50087829

>> No.50088737

>>50087829
You know who isn’t a good CEO? Simeon, since Nexo is insolvent under his watch.

>> No.50088741

>>50085650
thanks, keep me posted

>> No.50088747

>>50086660
Never heard of them. Not everyone is a turbo autist like yourself

>> No.50089376

>>50088747
>Not everyone is a turbo autist like yourself
then what the fuck are you doing here?

>> No.50089414

Itt people who don't know what LexisNexis is. Idiots

>> No.50089429

>>50085650
WTF

>> No.50089458

>>50089414
That's ok but what's weird is that they seems to pretend to know by guessing based on the name, like they can't even be bothered to google it as we always do when we pretend to know about something

>> No.50089464

Anyways, buying more link unironically

>> No.50089476

>>50089464
Wait no I forgot this btc shitcoin is probably about to tank more. I'll think about it some more

>> No.50089566
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50089566

>>50089414
not a single piece of news seems to make the price move, so it's hard to get excited.

>> No.50089620
File: 2.87 MB, 1950x1889, sergeyok.png [View same] [iqdb] [saucenao] [google]
50089620

>>50089566

>> No.50089634

>>50088747
we're still not in a proper bear it seems
https://en.wikipedia.org/wiki/LexisNexis

>> No.50089853

>>50088747
lexisnexis is about as normie as it gets for big data. you just don't belong here

>> No.50089999

>>50087829
Flight data is huge business in eu as you can get compensation for late or cancel flights.

Google air help

>> No.50090057

>>50089999
Checked

>> No.50090088

>>50089999
there will be a shift where all of this catches up and the 3 years of bullish news manifest into price action
by then however, i fear that the macro environment will be even worse than today - we reclaim the ATH on the btc pair but barely on the USD pair within a year when something fundamentally breaks in the credit markets

>> No.50090101

>>50090088
Yep. Chainlink starts to blossom at a time when shtf economically. SAD!

>> No.50090114

Agreed. Lol Unironically token not needed.

>> No.50090120

>>50090088
listen to eric schimdt's soothing words at the start of this:
https://www.youtube.com/watch?v=OT948MNKpgw
it's also worth having a look at cirium, this is where the data is coming from:
https://www.cirium.com/about/
https://www.lexisnexis.com/community/pressroom/b/news/posts/lexisnexis-launches-flight-status-data-tracking-using-chainlink-node-enabling-smart-contract-based-parametric-insurance-products

>> No.50090128

>>50087885
pretty much.
>you can just use the old system that costs more and is worse in every way bro

>> No.50090185

>>50090120
also think it's worth noting that they're going to avalanche first
https://investor.lemonade.com/news-and-events/news/news-details/2022/The-Lemonade-Foundation-Turns-to-Blockchain-to-Protect-Subsistence-Farmers-from-Climate-Change/default.aspx
>The Lemonade Foundation, the nonprofit founded by Lemonade to effect exponential social and environmental impact through technology, announced today the formation of the Lemonade Crypto Climate Coalition.
>The coalition is being constituted as a Decentralized Autonomous Organization (DAO), dedicated to building and distributing at-cost, instantaneous, parametric weather insurance to subsistence farmers and livestock keepers in emerging markets. Alongside the Lemonade Foundation, founding coalition members include Avalanche, Chainlink, DAOstack, Etherisc, Hannover Re, Pula, and Tomorrow.io.
seems to be some momentum with parametric insurance on avalanche which is good to see
https://en.wikipedia.org/wiki/Lemonade,_Inc.
https://en.wikipedia.org/wiki/Hannover_Re

>> No.50090188

>>50090120
really nice and bullish news. the infrastructure needs to be built before the demand has materialized

>> No.50090226

>>50085650
you could have sold at $54 though

>> No.50090308

>>50090226
No need, we're selling at $1000.

>> No.50090316
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50090316

>>50090226
>Bangladesh

>> No.50090387

>>50086399
Need'em or token?

>> No.50090389
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50090389

>>50090308
>$1000
nice fud

>> No.50090441

>>50086734
>insurance on blockchain is a meme
>no one using accuweather data
I remember when people said this about web sites.
inb4
> they were right! web sites are useless trash!!
you wouldn't last a week in a world without web sites, sonny boy

>> No.50090476

>>50087829
>Who needs flight data for smart contracts. No, who NEEDS that data?
At the point it will reach you, you will think of it as "betting on your flight getting canceled" and you'll probably be doing it over drinks with other idiots you just met in an airport bar. Just like you think futures and shorts are just more funny tables at Las Vegas.

>> No.50090663

Might as well post these new tweets that have not been brought up in biz yet:
>https://medium.com/@hyphenglobal/hyphen-brings-eu-funded-copernicus-carbon-flux-data-to-blockchains-through-chainlink-don-15e7658b8a92
>To measure carbon fluxes, the Copernicus Programme collects Earth observation data from land- and sea-based instrument sources as well as Earth-observing satellites.
>In addition to primary data inputs provided from global sources and EU member countries, Copernicus has launched — and continues to launch — purpose-built satellites known as Sentinels to deliver high-quality data pertaining to climate change, including global sea-surface height, atmospheric monitoring, and land and ocean services.
>Additional data is also freely acquired through cooperative, multilateral international arrangements with other countries.

>> No.50090671

>https://blog.chain.link/stablecoins-and-proof-of-reserve/
>Historically, when it comes to physical assets like gold or even centrally controlled fiat currencies managed by government treasuries, this mechanism can work well enough for its purpose and its context.
>But a superior version of this, enabled by modern technology and removing the need to place trust in intermediaries, would be to rely on cryptographic truth that is secured by decentralized oracle network.
>Oracles can play a powerful role in delivering data to protocols across the multi-chain ecosystem, with Chainlink able to validate the existence of reserves, value reserves accurately based on market conditions, deliver data inexpensively to blockchains, perform automated audits of reserves, and many other functions that help boost the security and stability of stablecoins.
>For example, Paxos, a financial market infrastructure and crypto brokerage platform, uses Chainlink to provide highly available, tamper-proof, and accurate pricing data needed by smart contracts to verify the USD reserves that back the stablecoin Pax Dollar (USDP) and the gold reserves that back the PAX Gold token (PAXG).

probably nothing

>> No.50090782

>>50086734
insurance on blockchain is not a meme
I spent several hours arguing with airlines why I'm entitled to compensation for delays over 3 hours
they all made it as difficult as possible
I would prefer to buy my ticket with an airline that automatically gives me money back based on external conditions

>> No.50090802

>>50086016
GNS
bot runners have to use it as gas to get accurate price opens/closes.
Also they use chainlink's price charts to avoid scamwicks as much as possible.

>> No.50090860

true

>> No.50090898

>>50090389
Why

>> No.50091140

https://www.youtube.com/watch?v=7xbzGL2v4AY&ab_channel=Chainlink
Why did Sergey kiss Alex Mashinsky's ass? Is he really naive or what?

>> No.50091224

>>50091140
This was always the best fud for me. Why the fuck would Sergey work this scammer. You can see he is a scammer miles away. I guess Sergey just wanted to work with as many as possible and was too naive to realise how many scammers are out there. Most of the crypto space are idealistic so predators can hide easy.

>> No.50091248

>>50090671
Consider that in the context of this thread:
>>50091180

>> No.50091267

>>50091140
holy shit this nose and face
how can you not look at that and instantly know you are getting scammed

>> No.50091352

>>50091224
same here. the only other thing that bothered me was a while back he said bitcoin was going to 300k this cycle. bizarre moon boy prediction

>> No.50091450

>>50089414
>>50089458
Is this supposed to be fud? It's really poor if it is. Guys, the thread is about breadcrumbs pointing to LexisNexis using the Link token. Stay on topic or go away, silly kids!

>> No.50091493

>>50091140
>naive
You say that with the benefit of 20/20 hindsight. In the meantime, Celsius is fucked but Chainlink is about to explode and Celsius doesn't matter at all anymore. With that in mind, what's your point?

>> No.50091604

>>50091493
>Chainlink is about to explode

I must be the dumbest gorilla nigger on /biz/, just held from 50c to $53 to $6 and did nothing, doing nothing now either, just holding and seething at every FUD or shill thread. Fuck off with your bullshit, and tell the retarded fudders to fuck off as well. I never want to read anything about LINK again, unless it's that all CEXes have gone down, eth trades bellow $100 and LINK is rank 1 in CMC.

>> No.50091632

>>50091604
>I never want to read anything about LINK again, unless it's that all CEXes have gone down, eth trades bellow $100 and LINK is rank 1 in CMC.
it would all be worth it

>> No.50091680

>>50091604
Fake and gay. You know staking is coming soon and you're as excited about it as everyone else. Also you hold a lot of Link. Also you believe in it absolutely which is why you held. Also, you're a prick and you have karma that says you're going to lose it all.

>> No.50091719

>>50091632
I just need to leave this cursed place and work on improving myself for 2 years man. It's poison. I stopped coming in 2019 and things were going so well IRL but came back on the run to $20 and for some reason stayed.
>>50091680
Staking will be a slow climb, not a price explosion. Not enough jobs right now and it will be years until demand forces a supply squeeze. Best chance for massive price increase RN is some whale to fuck over the entire LINK shorting cefi cartel, but if that was happening it would have happened already. No, prepare for $3-17 LINK on xmas. I'm not going to stay here and rot until then, have fun and enjoy your good karma or whatever fag.

>> No.50091723

>>50091493
I'm not making a point, I'm asking a question. As an OG this endorsement of Celcius always bothered me. And you didn't need hindsight to know Celcius was a ponzi.

>> No.50091733

Reminder that $6 for chainshit is like $4 in 2017 dollars

>> No.50091816

>>50091719
Sure you are. As though you'd hold from 2017 to 2022 and sell it all right on the cusp of staking. Also if you think it'll go to $17 by Xmas why tf you selling at $6? What are you planning on buying? You can't even get your bs straight, yet expect us to swallow it. I've really tired of your sort, you know. You're awful. You sap all the joy out of life and bring nothing of any good with you. I sometimes wonder if people like you realise how crap you are and just do it purely out of mean spiritedness. Seems no other explanation desu

>> No.50091923

>>50091816
>I've really tired of your sort, you know. You're awful. You sap all the joy out of life and bring nothing of any good with you. I sometimes wonder if people like you realise how crap you are and just do it purely out of mean spiritedness
Took the words out of my mouth. 100% agree.

>> No.50091935

>>50085650
It's literally not a big deal in terms of price action

>> No.50092178
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50092178

>>50085687
Based. I am only concerned about keeping my wallet secured from potential hack.

>> No.50092280

>>50092178
Same bro, apparently buying them from Amazon, etc. might be a bad idea if they can tamper them

>> No.50092337

>>50088726
Before I was red-pilled, Krugman confused the shit out of me. For example, I remember when he was advocating TARP. I couldn't understand why. Yet, he is a "Nobel prize winning" economist! Surely he knew better than me!
Now I understand....

Hans, get the gas.

>> No.50092368

>>50091267
The absolute best business advice on earth is antisemitism

>> No.50092474

>>50091816
>sell it all right on the cusp of staking
exactly, I'd rather wait for v1 instead of v0.1
now if they dropped full fledged staking that would be a strong incentive to buy back
as it stands, there is absolutely zero upside in this recessionary environment

>> No.50092616

>>50092474
v0.1 is really weird. "up-to" 5% return (no guarantee, could easily be 2-3% instead), and needing to lock-up tokens until "at-least" v1.0 (again, no guarantee Sergey releases them then). Not really much of an incentive, but Linkies aren't that smart, just look at how many lost their stacks in Celsius and Bancor. Sergey could probably offer them a sniff of his undies as a reward and they'd instantly ape their stacks in.

>> No.50092673

>>50092616
"up-to 5%" is a lot more than the current 0% I receive in cold storage. You laugh at Linkies that lost their stacks on Bancor and Celsius but scoff at "up to 5%" facilitated by Sergey himself? Something doesn't add up here.

>> No.50092677

>>50092616
not to mention that neet nodes are still a pipe dream, also these rewards along with the "Alerter" roles will be fulfilled most likely by ICO holders, meaning that the only hope for all the rest of us is a supply squeeze or another speculative PnD
fuck my life, and fuck all of you hopium dealers constantly hyping up nothingburgers and spreading unfounded conjecture about le short squeeze or some shit
fuck you

>> No.50092689

>>50092673
yeah good luck staking your stinkers in v0.1 without being already a whitelisted kyc node

>> No.50092692
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50092692

>>50091493
>Celsius is fucked but Chainlink is about to explode
I heard that so many times the past 5 years

>> No.50092759
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50092759

No source needed I guess. Fuck /biz/.

>> No.50092824

>>50088726
This is completely different. It's a niche product. The internet was not

>>50089999
C-checked? What entity will use this data though. It's just being supplied. No company will keep paying for 1 billion requests to supply insurance. This will go the way of the pog

>> No.50092904
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50092904

>In November 2019, legal scholars and human rights activists called on LexisNexis to cease work with U.S. Immigration and Customs Enforcement because their work directly contributes to the deportation of undocumented migrants.[62]
holy fucking based

>> No.50093045
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50093045

>>50085962
When is the staking happening? Been waiting for it since LINK partnered with ALBT, kek

>> No.50093066

>>50086399
Gave me a good chuckle anon

>> No.50093120

>>50092616
That's the subsidy you fucking retard
That's the floor for returns
If the stakers share of subsidy + node profits or simple node profits are greater than 5% that's what you get
If not you are subsidized up to 5%
You fucking retarded retard

>> No.50093202

>>50092280
That is the deal, I am keeping my wallet transactions shielded on Railgun because I do not need to hold the token before you can use the platform or have access to privacy.

>> No.50093280
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50093280

>>50092824
>It's a niche product. The internet was not
The internet was extremely niche you dumb zoomer

>> No.50093337

>>50093120
No it's fucking not dumbass. v0.1 is a strict % amount. You don't get any share of node profits until after v1.0 releases since you can't delegate to nodes until then. Holy shit Sergey wrote you a whole blog explaining how it works and you still fucking can't understand it.
>In v0.1, it’s expected that native token emissions directed to stakers will target a base level of annualized staking rewards of up to 5%. After the release of v1, annualized rewards will vary based on user fees and the length of the commitment period, with stakers choosing longer commitment periods having the opportunity to receive a greater share of the rewards.

>> No.50093369

>>50092692
And link never exploded at any point in the last 5 years? 2 years, sure, but 5?

>> No.50093371

>>50086734
>there's zero demand for flight data

i think i'll believe lexisnexis over random anon #50086734

>> No.50093389
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50093389

>>50092824
>the internet was not niche
Holy fuck that mught be the most braindead statement I've seen this week if you aren't baiting

>> No.50093414

mimblewimble is better than lexisnexis imo

>> No.50093430

>>50093337
You're correct, no node revenue is involved in v0.1. There might be an opportunity to earn extra LINK in v0.1 through the Partner Growth Programme whatever the fuck that will be

>> No.50093634
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50093634

>>50091816
I don't think he said he would sell. He said he needs to leave biz and that he's exhausted and it has been rough the past 2 years. So to flip it back on you, if you can't relate to that I certainly don't believe you. Either that or you are kidding yourself. Or too brainlet to realise.

>> No.50093659

>>50093634
or paid shill

>> No.50093727

>>50085650
Celsius just dumped another 350k LINK on FTX:
Removed 350k LINK from Aave:
https://etherscan.io/tx/0xc84186200b0ea401fc0d615931441039bb421459f3998375b179176a73eeab90

Moved to FTX:
https://etherscan.io/tx/0x363a13c4fb0bcb313e2cd7cd7d9b483ff081243b369040a201253300b7796e62

Was it because of this news?
They only have 4.6 million LINK left on Aave and they are dumped LINK belonging to their customers who will be left with nothing.

>> No.50093923

>>50093659
Meh. I don't think about that kind of thing, you'll go crazy and someone will call you an Bulgarian then the conversation is off the rails. I do agree with you about being absolutely sick and tired of the crabs in a bucket hopium merchants though. Since when was LINK something that needed to be incessantly defended and hyped? I find that interesting. I said before the most potent fud is the increasing desperation of baggie theories and impossible short term price expectations. I don't know if it's zoomer first cyclers or something else. Can't wait for the high iq replies to this post kek

>> No.50093994

>>50093727
what is their end game?

>> No.50094054

This whole thread reminds me of ETH at $10

>> No.50094095

>>50086016
Fringe

>> No.50094184

>>50093727
Celsius, hurry up and die already.

>> No.50094345

>>50093337
The max staking rewards will be subsidized is 5%
Exactly what i said
Nodes are currently profitable
And have an incentive to lock up link in anticipation of job flow being directed by staked link
You fucking subhuman 80iq retard

>> No.50094504

>>50093994
They seem to have a 2 billion hole according to Sam.
The only way to reduce this hole would be by liquidating their customers using funds as collateral to borrow and preemptively shorting those assets.
It's also possible they were trying to make quick money from shorting LINK but failed and don't want to take a loss now because they can't buy back which would also be counted as a criminal act as it would mean they speculated on their users' asset after knowing they were bankrupt.

>>50094184
They have 4.6 million LINK left on Aave to dump, this won't last more than 2-3 weeks at best.
After this their customers will be left with no LINK and will miss out on the market realization phase of Chainlink.

>> No.50096403
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50096403

>>50085650
Now Lovelace is having a HUGE DEAL
Take a look at this shit

>> No.50096835

>>50093337
wrong. retard

>> No.50096911

>>50086734
The problem for Blockchain insurance is high gas prices. Once L2s become efficient and seamless, Blockchain insurance will expand.

>> No.50097201

>>50094345
Holy fuck did someone take a baseball bat to your head and leave you a fucking vegetable.
>>50093120
>That's the floor for returns
>If the stakers share of subsidy + node profits or simple node profits are greater than 5% that's what you get
Literally read what you fucking typed, you're saying that you get node profits in v0.1 WHICH IS FUCKING WRONG. You don't get node profits since you can't delegate to nodes in v0.1!
Nodes aren't even profitable by themselves. Some feeds are profitable on cheaper chains like Polygon, but feeds on Ethereum are still required to be subsidised, hence the need to dump the additional 50m Link tokens.
Honestly whoever caved your head in needs to go back and finish the job because they missed the fucking single brain cell you have.

>> No.50097208

What is lexis nexis