/biz/ - Business & Finance

With this in mind, of course you would want to rattle the absolute fewest number of cages as possible, until your project is so mature that it is indestructible. There is an assumption that these protocols come out of the box nation-state proof but that is barely true now for Bitcoin, let alone something much, much smaller. Do you seriously think that of half of the worlds despots and criminal bankers would welcome the smart contract revolution with open arms, if they understood it half as well as you do? Of course they wouldn't. A big part of their prize for winning is the ability to swing their dick around, cheat, rip everyone off, and get away with it. The world in general is just Celsius but on a much bigger scale. Do you seriously think all of these people want Proof of Reserves?
It has to stay under the radar for absolutely as long as possible. Because the moment the world actually understands what is going on, it needs to be too far developed to be taken down. Because any sane scammer would do everything they can to stop smart contracts from happening.

>>50257750
ok lonkie

>>50257752
That's a lot of fancy words to tell me "2 more years".

>>50257869
I'm long past the point of thinking that anything is happening soon, anon. Of course, there are exciting milestones for people following the tech, but in terms of a mature composable permissionless global smart contract stack? Realistically, we're looking at about 2030.
You look at all the "next gen" stuff that is happening in settlement and you realise that the future of a modular L1 with highly performant L2s, both zk and OR, and then L3 appchains on top of it, and then actually having enough of a marketplace of L3 apps to constitute a significant proportion of global trade, is years and years and years away.
I'm not saying it's happening TONIGHT I'm just saying that it's happening.

>>50257869
think 10 years retard. you still have plenty of time to accumulate for your kids

I can only imagine how many fucking cubes ill have by the time it really takes off

>>50257750
there are 3 existing link threads. post this in there please

>>50257750
>>50257752
whats gonna happen when chainlink starts revealing the kinds of truths that go against globohomo? like that gays molest kids because they were molested and that jews cause most of the worlds problems? how are they going to reconcile chainlink-data feeds that report opposite to their propaganda?

>>50258018
just use filters bro it makes life so much easier.
>>50258058
I'm not sure there's an API tracking the number of global problems caused by jews, kek. Maybe you should start one.

>>50257750
>>50257752
Jesus fucking christ get a grip linklets

This is some fucking shit straight off of reddit

>>50257750
Didn't read. Why do you care so much about my finances?

>>50258084
please refrain from using filters i want the whole biz experience. this dump posting of your random thoughts may come across as spammy and annoying and people will less like the token that you are shilling and cause resentment

>>50258218
even if it's spammy and annoying it's part of the Whole /biz/ ExperienceTM and there are some people out there who are into that.

>>50258257
incorrect, you can tolerate it for newer coins like avax/icp/solana or the occasional shitcoin that makes rounds on biz but not 5 year old coins that have already pumped. people might assume you’re a schizo instead of you trying to educate and inform fellow biz anons

>>50258325
In the end I'm just grateful for the thread bumps, anon.

>>50258504
i have been “saging” my replies to ensure this conversation is kept between me and you. this ensures no one else stumbles on this thread and we can have a discussion

>>50258084
lets say chainlink does become a ubiquitous behemoth; wouldnt chainlink by definition *eventually* start reporting data thats contrary to their lies given that data is collected? how will propaganda survive? if it wont survive, does that mean the state/the jews will destroy the chainlink concept out of self preservation?

>>50258562
sage hasn't worked for years
>>50258618
propaganda will just move to different areas, they will always find a way to distort the truth, even if the truth is cryptographically guaranteed at some level

>>50257941
L3 and recursive rollups via zk will be massive
unironically

>>50257750
>>50257752
>>50257941

I understand where you're coming from re nation states not wanting to give up the monopoly on money (i.e. force) that they have. But the last 200 years has basically been the history of private money VS public money. For the first time, private individuals have amassed money on the scale of nation states.

The nation state is weak, senile, and most importantly distracted -- it has so many pions to pay and little systems to manage. Imagine trying to "blockchain tech" to senior level bureaucrats...imagine explaining CCIP to Yellen, for example, who is as old as your grandmother and has been given the task of managing the increasingly unstable treasury of the richest nation to have ever existed. What happens when I play that scenario out in my mind is this: the old money who runs the show brushes it off, and the JR bureaucrats (new money) either buys as many shares in these networks as they can, or joins the private sector outright. This places the people who run nationstate finance into two categories: 1. old money career bureaucrats with many, many fires to put out, and 2. Incompetent JR bureaucrats (why would anyone competent stay public-sector if they could move private-side and make many times more money). The public sector won't/doesn't see this coming, because it's structurally unable to. Just like it was unable to react to the initial rise of big tech (they're still figuring out how to regulate/deal with the internet, about 25 years AFTER the party started).

I also think it's worth considering that private banks have none of these issues. They're able to pay for top talent and they're structurally able to react to and profit from fin tech change. Consider who owns the patent rights to chainlink -- Vanguard.

In my view, the revolution happening right now is really private markets breaking free from the shackles of the nation-states that allowed for them to come into being. The market is maturing

>>50259177

>>50257750
>That if this technology is really this important, this fundamental, then it is literally going up against nothing less than nation states.
this has always been true of fake internet money in general tho, i also find it interesting that ppl believe this (perhaps rightfully so) and yet at the same time think this will be a revolution won without firing a shot. i don't know what is going to happen ; its just something that has always fascinated me regarding fake internet money and not just link or the orange coin

>>50257750
unless i'm misunderstanding something, this begs the question - why is it that these big companies and individuals would want to promote and develop trustless contracts where code is law when they have so much power from screwing people over with their garbage paper promises? it seems to me that the status quo is working just fine for them in their favor, so why is it that they would want to bring in smart contracts where they can no longer pull their bullshit? is that not them relinquishing their power to the network?

>>50259433
exactly

>>50259433
>>50259177
>>50258257

>>50257750
What do you mean? LINK is like the one true ring from LOTR. It has the ability to DEFINE TRUTH on the blockchain. Did you get rear ended through no fault of your own? Too bad, the LINK node that deals with your money thinks you were at fault, so you lose money. It's literally the only reliable method of interaction between reality and the blockchain. It's such a powerful piece of the puzzle and it can and probably will be used for the worse at some points, but really I'd rather be the one holding it than a nameless hedge fund.
Protip: Don't stake with the first offer. I guarantee they do false data and lose your staked tokens so their allies can collect cheapies

>>50259994
i suspect the same. it would be a fitting irony that the "truth machine" is in the 1984 2+2=5 sense

>>50259994
this. chainlink isn't meant to upend the current power structure, it's meant to cement their position at the top.

>>50259994
>Protip: Don't stake with the first offer. I guarantee they do false data and lose your staked tokens so their allies can collect cheapies
no slashing in v0.1 though so how would they get user's LINK?

>>50257750
>>50257752
this is not a problem because link is not a serious project
if it were, you're coming close but misidentifying the problem somewhat. the issue with link wouldn't be "omg it might be big and threaten nation states!". the issue with link would be it's functionally centralized on several levels, which makes it extremely easy to attack or subvert
this is why decentralization matters. but 2017+ laggards will not understand this until it's too late

>>50257750
>paper promises suck unless you're the party making them, in which case they are a great way to retain power and control while ripping off all your counterparties.
the simple answer to all of this is...

THE REPO MARKET

they've retained power long enough until they finally could not trust each other. game over. technology needed for what happens between "us" (THE REPO MARKET)... which filters down into... EVERYTHING

again, you typed too many words, when you could just say...

THE REPO MARKET

>>50260550

>>50257752
>Do you seriously think all of these people want Proof of Reserves?
again, simple answer....

THE REPO MARKET. RIP September 2019

Chainlink will either make me rich and I’ll know that I am a brain lord or it won’t and I’ll know that I’m a midwit who will wage slave until age 65 and I will not invest in anything again except for my 401k. Simple as.

>>50259433
Combination of two factors:
1) You overestimate the benefit corporations have by using paper promises - you're probably not factoring in B2B. And you vastly underestimate the added net benefits of decentralized data/smart contracts. It's true that they won't be able to screw over costumers anymore, but the same is true vice versa. Other companies and costumers won't be able to fuck them over as well.

2) Even if you're not fully convinced by 1), big companies will still be forced to use/implement decentralized data simply because other companies will and they'll lose costumers otherwise. Imagine the average customer having the option between agreements based on decentralized data and agreements based on centralized data. Every rational actor will always prefer the decentralized data, simple as. This implies that big corporations will be forced to adopt, otherwise they'll inevitable lose all their costumers (will be gradual and take time, but still inevitably will happen).

>>50260940
Consumers are not rational actors you midwit. Burger King once sold a 1/3 pounder to compete with McDick’s 1/4 pounder at the same cost. Guess what? Consumers chose the 1/4 pounder because 4 is bigger than 3. Smart contracts are a meme.

>>50260684
most don't realize

>>50261113
>comparing poor obese people buying a burger to complex financial contracts used by mainly rich people
Different demographics retard, go read a fucking book

Chainlink is special because it offers an olive branch to legacy power holders. It’s not the outright revolution that some bitcoiners imagine where the banks literally crash and burn and the nation state disappears. Instead, legacy parties are able to reduce their overhead AND make money operating nodes and selling their data. The compromise is that they won’t be able to wriggle out of paper promises anymore.

>>50258218
Pfffft

>>50261310
Can someone sun this up in proper English?

>>50261354
Chainlink is backend infrastructure, consumers are clueless about how their trades are executed on the backend. All they care about is that the company they’ve been using has a track record of being trusted. No actual rich person is going to trust their millions to go through Chainlink. They want a trustFUL solution, not a trustLESS solution.

>>50261764
Consumers probably won’t even realize they’re using Chainlink for the most part.

>>50257750
>>50257752
Link is backed by the WEF you retarded new faggot. Kill yourself

>>50261711
I think that's a very reasonable take.

>>50258642
tranny janny deleted by post where I SAGED his thread.
well look here janny SAGE
SAGE
SAGE SAGE SAGE

fucking link shills have become jannies

>>50261764
I bet there are a few Celsius, Blockfi and Voyager customers who wish they’d cared a bit more about the backend.
And it’s like Serg says with the E2E encryption analogy. Only a proportion of the population needs to understand it in order for the whole market to have to pivot to it.

>>50258642
Lol jannies deleted my post where I saged this thread.
Op is a kike nigger janny
Screenshotted this post for if it is deleted
SAGE
SAGE SAGE

>>50257750
>Pretend Chainlink isn't shit
>Pretend CCIP will ever be
>Pretend staking will ever work
>Pretend DECO is available
>Pretend Gravelcoin revolutionized the aggregate industry
Lol, lmao even at the absolute state of Chainlink Labs employees posts

>>50265587
>lol, lmao even
Is an extremely dead meme and your constant use of it is just you saying “I’m trying too hard to fit in, and reading from a ‘how to fit in’ document”

>>50261711
To add to that their DeFi strategy is likely just a testground for their legacy clients like the first wave of small users before we will see the enterprise adoption layer among other features used by SWIFT etc.

My main question is if the value capture will play out making the token continue to appreciate organically due to locks and reserves.

>>50265890
Good points. Something I still haven’t seen /biz/ discuss much is how the enterprise abstraction layer applies to grassroots DeFi as well.
The current rate of change of the settlement narrative makes building insanely difficult now. Do you build for the current settlement environment and risk being obsolete by the time your product goes live? Do you try to anticipate what settlement will look like in 1 or 2 years, and risk being way off? It’s an extremely hostile environment for builders just because of the amount of fragmentation and incompatibility. Imagine if your huge EOS based project was only ready to go live now.

Imagine trying to code a new video game but the game engines and GPU benchmarks were changing so quickly you had no guarantees your final product would even be viable.
In solving this, by abstracting settlement away from developers and providing a unified plug in point for anyone, legacy and grassroots alike, Chainlink will finally provide a consistent and stable development touchpoint. In all the hype about staking and CCIP I think this revolutionary change gets overlooked.
Teams finally won’t have to worry about the constantly changing settlement landscape, they can just build.

>>50265964
Good point.
https://inv.riverside.rocks/watch?v=2r8-zugLGeQ

This seem to materialize this year, very exciting how it will play out. Clearly they are starting to show the beast they have been building.

>6$

>>50265964
Adding to that if CCIP launches without bugs it seem to be integrated into source code meaning besides the data feeds, ccip will be a core feature embedded in most dApps and enterprise apps.
You could argue that from this point on chainlink will be more reliant on than ETH. Adding to this bullish thesis if they seemingly allow everyone to stake link to secure the ccip and other features 1000$ would be an underestimation given time.

>>50266046
That was my big takeaway from the second whitepaper. That Chainlink were putting themselves at the front as the “one stop shop” where any developer could just plug into the Chainlink frontend and have all the complexity of competing settlement chains and layers abstracted away and handled by Chainlink behind the scenes.
To do this, from a technological standpoint, Chainlink would need to be able to communicate seamlessly between all the different settlement environments that it is intermediating. Hence, CCIP.

>>50266098
Some anon hinted that both sides of a ccip instance need staked link as well. Price feeds are just the tip of the iceberg and already planned to be secured by 75m Link initially. Imagine if 99% gets staked.
Also imagine the wider market realizing all this. Not sure if its necessary at this point.

>>50266128
It wouldn’t surprise me if eventually 90%-99% ends up nearly perpetually locked in contracts.

>>50266128
Worth noting that 75m link is only for the ETH/USD feed until v1 releases

>>50266657
That seems like an absurdly large number for one price feed? Or am I missing by something?
Why are feeds getting link subsidies? This isn’t problematic to you?

>>50257752
>>50257752
>There is an assumption that these protocols come out of the box nation-state proof but that is barely true now for Bitcoin
https://twitter.com/DocumentingBTC/status/1546104134964809729?t=sg2xN3Ajc3iImU_aY2MZ5Q&s=19

Bump

>>50266749
Subsidies? Unless I'm missing something the 75m link is just being held as stake to secure the feed

Bump. This is a good thread

Blah blah blah another technical circle jerk. Actual staking is still another year off at least, at which point were back to ico prices. Fucking pathetic project

>>50258084
>100 hidden threads: the filter

>>50265664
I personally like it.
I think it’s better suited to casual text messages with friends.
Which the anon your responding to, isn’t.

>>50265664
>"it's a dead meme!"
>"no one else is using it much currently, it so you can't and shouldn't either!"
you're the one trying too hard to fit in

>>50259177
>>50260940
These

It's over for Chainlink (ticker: Great Reset)
Here is the WEFs and Schwabs right hand man "Doctor" (((Yuval Noah Harrari)))

https://youtu.be/VZP5lIzGNT8

In your fear and uncertainty it will be tempting to put your trust in some person or group who emerges and claims to have a "way out", which will involve sacrificing some of your liberty. You must resist this urge. These self‑proclaimed saviors may appear in many forms, under any number of banners: "intellectuals", "influential people", "progressive thinkers", "billionaires", "the UN", "the EU", "self‑selected multinational coalition", "global leaders", "world governments", "radicals", "revolutionaries" or some combination of these. They may appear charismatic. They may appear to have your best interests at heart. They may stand united, arm‑in‑arm, proclaiming "We know the way forward", advancing some form of "people's revolution" or "Global Reset" where "you will be in charge", hawking various "‑isms" and promises of a better tomorrow. These people are not your friends. They are not to be trusted. They are the same global banking elites using the same fear tactics, shilling the same magic potions and snake oils as always. They want only one thing: power.
https://www.youtube.com/watch?v=Cieu5nDDssc

>>50261762
the repo market crash of september 2019 = banks stopped trusting each other

from that point many fed changes were made

Given how extensively they model and test, v1 staking could be 12+ months down the line from the v0.1 release. Excruciating

>>50272822
>cant wait 12months
nigger

can you handle the truth?

>>50272859
>n word, n word, n word
Is this all you linkers have in your vocabulary? Shut the FUCK up, chud.

All of you assholes need to go back to pol.

>>50257750
I read all that you said and I think I understand.
Those who talk about QANX here must be on to something. I was reading about the project recently to discover that they had been using a NIST approved digital signature, even before NIST came to realize that signature is the bestto use. I was amazed.

>>50272927
saying nigger in current year has little to do with race and alot to do with freedom of speech

>>50257750
Sorry didn't read but I had a dream last night that I met Sergey and it turned out he's not fat at all, in all his public appearances he's wearing a fat suit integrated with the famous flannel shirt. I wonder if that's true

>>50272927
N

>>50259177
>it's distracted
it's really not. the EU is constantly passing new
>muh AML & KYC
regulations

now it has set its eye of Sauron on crypto by outlawing "non-custodial wallets", aka anonymous wallets

>it's afraid
yes, for far too long (((they've))) ignored crypto, but no longer

comfy

>>50266128
I doubt the 'wider market' will ever realize anything but they are not needed to anyway. With staking, CCIP, Enterprise Abstraction Layer, 90% ++ of the supply locked, and last but not least the short squeeze (probably 100m LINKS in total that needed to be rebought), the singularity is almost here.

>>50273739
Delusional. None of those things will affect the token price, Chainlink is not meant to be an investment that appreciates.

>>50273825
The token price appreciating above $1 defeats the purpose of the network. This is known, and therefore the price will not and can not ever rise above $1.

>>50273739
Interesting to note, after its 2017/18 market cycle peak, link took approximately 17 months to surpass that and stay above it for good. 17 months from May 2021 is September 2022. I wonder if anything is happening in September 2022.

Can't believe you fags still simp over this shit

>>50275785
September 2022 is ours to celebrate.

>>50275823
based and pajeet pilled

>>50257752
>>50257750
Incredibly based. Been thinking about this myself after sergey said they have a 5 year plan, 10 year plan and a 15year plan. Also truflation made me think "How come this is not used for CPI?" If it had more data I'm sure that the rate would be even higher!. Also the jew is yet to be afraid.

>>50257750
>>50257752
I've been thinking about this a lot too
I think you are right
which, sadly, means we will be holding this token for 10+ years

>>50258084
based filters btw

>>50276752
> Also truflation made me think "How come this is not used for CPI?" If it had more data I'm sure that the rate would be even higher!.
Because the point of CPI is to con the masses

>>50258084
>3x threads hidden
The jeets move faster than I can keep my filters updated

>>50257750
This is the same bozo who has that other shitty thread up claiming Sergey is this great mastermind behind the whole Nexo/Celsius episode. What's he blethering about in this one? Ahh right. Chainlink are never releasing a product. Forget the announcements about the rest of this year. That's meaningless and is just a lie. What you should do is sell your Link tokens, or if you're thinking of getting into buying Link, don't bother. Gotcha, bud.