/biz/ - Business & Finance

>>51384242
Fucking hell

>>51384242
Please explain like I don't have a brain

Dun Dun Duuuuuuuun

>>51384271
You automatically lose 60% of whatever you put into Bancor because the team is criminal.

>>51384285
ok but what does this have to do with
>filename of picrel

>>51384242
God when is all this fucking weird shit gonna actually turn into a happening. Shit's been going for like 6 months at this point with the luna thing and all this insolvency stuff, chainlink's staking and ccip, etc. Shit's getting gay at this point.

>>51384285
What is their justification for this?

>>51384242
How do I make my own Bancor ser

>>51384306
He lost 2 mil worth of eth to get it out of whatever shit that is so goodbye eth.

>>51384320
They make a literal scam scheme called single staking that only works when price is in gonggo up only mode.
Now everythings collapsing & retards are jumping the sinking ship like rats in titanic

>>51384242
Shut up, Jason

>>51384338
did the doctor order him to put his eth in there?

>>51384431
Take your meds unironically.

>>51384393
Jason? My name is Juan. Juan Perez.

>>51384311
It's a massive shakeout anon. Things are aligning exactly as all us schizoanons have been saying. Ripple lawsuit nearing the end, nonstop talk of cbdcs incoming, swift being replaced in less than 2 months...major economic turmoil throughout the world that can't seem to be stopped by anything. Something has to be done and it's going to be a unanimous quick switch over to a quantum financial system ran by blockchains. Most people won't notice besides a small news story or two. But anyone holding the right tokens (iso20022 and other infrastructure and regulation following tokens) will be a new breed of financial elite. Not sure what other proof people need.

>>51384320
When it started they claimed it was a defense mechanism against Celsius doing underhanded things but who knows what the team is claiming now.

>>51384431
Yes. Doctors orders. He even got fmla from his job to deposit it in there.

>>51384593
Anyone with knowledge of bancor able to dig in and see exactly what's happening?
Here is a thread I was digging in last night explaining part of the lunc situation
>>51370173
Right now is the time to be sharing info anons, some seriously shady shit is happening in the entire crypto space and it's up to us to expose it.

Im only buying stuff that is 100% burned and renounced now lol. I think it will be the new meta because it will always have a chance of coming back.

>>51384521
In other words,
>buy link

>>51384894
I think they are going to play a part in things for sure. If everything is Blockchain ran, we need price and data feeds. I have a small bag not much as most of my other holdings are in xrp and xlm. I also think ftm has a role they have already been battle tested for inventory control and authentication by a government.

>>51385015
2017 called it wants its washed up shitcoins back

>>51385073
Are you really that blind? Do you understand what it takes for the current financial juggernaut to change even the type of staple it uses to bind papers? I'll give you a hint it takes about 30 years for them to change. They have to asses everything, countless number crunching and simulations to see what the indications are for this system. Guess who wrote and patented one fo the first renditions of blockchains back in 1989? I'll just tell you, David Schwartz. Guess who assisted with the development of iso20022? I'll tell you, ripple was one of the biggest players in this. Iso20022 is one of the only sure things at the moment.

>>51385109
Implications, mistyped sorry

i lost 900 link to these guys just before staking
so shit

>>51384593
A team of jewish scammers claiming a defense mechanism against another team of jewish scammers to scam you out of your coins?
We are reaching pilpul levels who shouldn't even be talmudically tolerated.

>>51385194
Not your link, not your stink. Simple as.

>>51384521
Full copium post.
We are reverting back to a tangible assets backed currencies world. All the fake digital trash will get completely wiped out and only CBDCs will be allowed.
The time of resources' scarcity is coming up until the NWO get rid of 90% of the population worldwide. Then a new era of prosperity for the survivors will emerge.

>>51385317
This is literally what we're banking on anon. Do you find it amusing to misrepresent arguments are are you truly that much of a retard? Not a single iso20022 believer thinks most crypto will survive, only those who have followed regulations and the iso20022 tokens.

>>51385317
I'd imagine you have a hard time in your life convincing people of things anon. Here's a hint. If you want to disprove something, talk about the evidence that has been used to support their claim. Simply stating that "lol no way it's not going to happen" highlights your ignorance on the topic and makes it less likely for people to listen to you, or take you seriously at all. I'd have to imagine you are one of those beta males who orbits around women in your life, oh yas girl, I am femnist, womenz is strong just like men, the science is settled. So maybe we can try it again. Iso20022 is a messaging standard for the new financial system. There are tokens in existence that are based entirely on that standard. The companies that made those tokens were also the companies who helped create the standard. Now you may try to refute those points...maybe use some evidence, hell I'll even take a snopes article debunking the existence of the iso20022 messaging standards existence. Literally anything c'mon, something other than your doltish words

>>51384311
things need to be put in place before the tokenization of the world is announced, Luna was a way to steal retails coins and distract normies while S tier coins sink to prior bull run levels and nobody blinks an eye

I have a feeling the jews are absolutely leveraged to the tits on bitcoin right now, would explain the longs

>>51384521
lol

>>51384431
Yes, rabbi

>>51385411
I think LINK is the safest choice. The oracle network is going to be the most important asset on the planet.

>>51384285
>the team is criminal
THE TEAM OWE YOU NIGGERS NOTHING

>>51385346
>>51385411
kek at the seething
Shitcoins not needed. You were just :
- the beta testers for the implementation of the digital judeocracy
- being fooled in a system created to syphon away cash from the real economy : as the financial system creates infinite amount of cash, it also need to create an infinite amount of digital """assets""" to absorb the excess liquidity, otherwise it would spill in a world of limited resources

No need to be mad at me, you still have few months to load up on what REALLY matters.
The fun part is you aren't even trying to argue for your (satanic) church. You throw a bunch of non sequitur and ad hominem hoping i'll get hooked by your kvetching. It's kinda pathetic ngl.

>>51385498
A digital medium with induced fake scarcity will never be an asset.

>>51385498
I think the most important is what connects the systems together. Without that connection we are back at square one, same system but this time with crypto. With the proper bridge, all money, all wealth, all assets are connected. That to me is more valuable than than data feeds....we already have data feeds for things, the only thing chainlink does different is putting them in crypto.

>>51385532
Same shit repeated over and over, you won't answer me questions because you can't.

>>51385546
you are right. LINK is not an "asset" it is a key that turns my savings into nothing

>>51385566
You didn't ask anything lol.

Bancor shills getting real quiet lately. I remember when they were begging for me to put my 60k link into it. Imagine losing 36k link holy shit I would have tracked these anons down in minecraft

>>51385616
Now I understand you, you have no reading comprehension.
>So maybe we can try it again. Iso20022 is a messaging standard for the new financial system. There are tokens in existence that are based entirely on that standard. The companies that made those tokens were also the companies who helped create the standard. Now you may try to refute those points...maybe use some evidence, hell I'll even take a snopes article debunking the existence of the iso20022 messaging standards existence. Literally anything c'mon, something other than your doltish words
I asked you to refute these FACTS.

>>51384521
I want to believe. never ever goes my way though.

>>51385664
And how fast do you usually give up anon?

>>51385675
i don't give up, I just have rotten luck. However, I'm still not selling and will continue accumulating

>>51384521
>swift being replaced in less than 2 months
you are delusional

>>51385640
There is nothing to refute there, it's the truth.
Why would i want to refute any of this to begin with?

Where you are completely misled, is that you think said companies (we both know you are shilling for Ripple here) will get allowed by big corpos/the governments to get few crumbs for having helped them. And you, as a baggie, get the crumbs of the crumbs left.

That's not gonna happen. Because you are thinking the problem backward. (((Ripple))) was just a shell company designed to achieve this goal -to keep the real handlers behind it anonymous long enough- then die. It already fulfilled it's mission : being the fuse for the transition.

>>51385689
https://www.swift.com/standards/iso-20022/iso-20022-programme/timeline
They are starting the process in November you absolute mongoloid nigger. This is common knowledge at this point.

>>51385700
So you agree the evidence is there and still choose to create a fantasy in your head about it? Where is your evidence of ripple being a shell? It's one thing to have a hunch and another entirely to have some evidence.

>>51384320
Jews

>>51384242
is it only for ETH? what if I staked some BNT, is that 60% as well?

>>51385194
How many link have you been able to buy back?

>>51385744
Get real for a minute. When was the last time retail was rewarded for doing the bidding of jewry? The goyim betraying their own and shackling themselves in hope of getting few crumbs are the ones they despise the most.

If anything, you'll get punished rather than rewarded.
Source : the talmud

>>51385722
wtf is that link supposed to prove? banks are still going to use swift post iso20022 retard

All you need to know is XRP holders took the vaccine and Link holders did not.

There are so many sub-human trash who own XRP and they mostly all took the vaccine. I talk to a lot of randoms cuz I play a lot of poker. The people who own XRP are the types who take Amtrak.

>>51385780
Do you truly believe that buying a token that is currently trying to be brought down or at least slowed by the current system(read: Jews) is...siding with the jews? You realize that the baking system, again the Jews is trying to rush their ripple competition out the door( I am forgetting the name of the new swift system in testing that does like 1/1000 of the txns of ripple and still takes a looong time to settle). The level of stupidity in your arguments is baffling. Go do some damned research on the current state of global money transfer and payment settlement and you will begin to understand.

>>51385781
God you are an absolute fuckwad
https://thepaypers.com/expert-opinion/swift-iso-20022-and-its-impact-on-cross-border-payments--1255646
>Financial messaging network provider SWIFT’s ISO 20022 standard was first published in 2004, proposing an international open messaging rulebook to replace SWIFT’s existing messaging standards.
Yes it is replacing the swift system. Remember swift is both a name for the system as well as a name for the organization that created said system.

>>51385109
Xrp is a meme. Swift can easily connect their systems using chainlink to anything. You haven't been paying proper attention.

>>51385906
Chainlink is a fucking tool anon. Not a system. Let's be clear: xrp is also a tool, xrpl is a system. Chainlink can run on the xrpl but this is not true in reverse. When you hear anons talk about xrp, think xrpl, the xrp token itself is what's going to make anons money, so we talk about it as xrp.

>>51386017
You have no idea how chainlink or swift works. Xrp/ripple is and will always be a sad meme that copied links 1k eoy.

https://youtu.be/1uxF4Q6_glY

Please watch the entirety of this Video to educate yourself.

Go scour the old xsg threads, like the really early ones when anons were sharing info freely. There is a complete layout of the new financial system based on several leaked bank documents (they were literally available directly from the banks intranet because they didn't protect it properly and had it connected to the internet so at the time a Google search for the doc would allow you to connect to their system and take a peek. We found info about all of the iso20022 tokens and chainlink was there as well but as the data feed supplier. Chainlink is NOT iso20022 compliant. It speaks the language but was not built with iso20022 in mind. Here are the compliant ones https://phemex.com/academy/iso-for-crypto-iso-20022

>>51385636
>Imagine losing 36k link holy shit I would have tracked these anons down in minecraft
No you wouldn't have, just like the anons that lost heaps haven't done so.

>>51384242
HOLY FUCK LOLOLOLOLOLOLOLOLOLOLOLOLOL BITCONNECT 2.0

>>51384242
People are retarded if they trust Bancor with their LINK. Imagine trading your golden ticket away because of greed

>>51386108
>Chainlink is NOT iso20022 compliant
The absolute state. I can tell you did not watch the video >>51386044

>>51385311
yep, a good lesson
>>51385757
didn't buy any back
wasn't that much of my stack anyway

>>51386425
It's literally not anon, just because chainlink speaks the iso20022 language and can therefore interact with the systems doesn't mean it's compliant enough to be used as a fucking medium for transporting money around the globe. You have to think of things in terms of what their systems are. Find those fucking documents in xsg and you will be enlightened. Without chainlink there to provide prices the whole system falls apart. Without xrp to instantly settle payments, the system falls apart. Go learn about how stores interface their inventory systems with POS.

>>51386512
>fucking medium for transporting money around the globe.
They be able to use any system they want through chain link. Cypherium is more likely to be used than xrp. How heavy are your bags?

>>51386530
Heavy? Been in profit from the moment ai bought. Still in massive profit even with the current market mess. But I am not an idiot and have bags of literally EVERY iso20022 token as well as any promising token that makes sure to keep up to date on regulatory issues and is ready to become compliant if they are not currently. I have made sure to get 'make it' bags for each of these tokens. Literal first rule of life, never put all your eggs in one basket. Plus I myself have pored through the bank documents I am talking about, (wish I could find my DL of it) and have seen the proposed system layout detailing what token is to be used for what purpose. If chainlink had its own system in place rather than being simply layered onto current blockchains so would think differently...but it doesn't, it uses the blockchains that are already in existence. A belief that chainlink is going to be running things is a belief that one of the current blockchains that chainlink is on is going to be elevated to be used in the financial system is it not?

>>51386632
Sorry, "one or more of the current blockchains will be elevated. It won't be a single chain. As the saying goes, the future is multichain. You should figure out what that means.

>>51386647
>future is multichain
Yes and it's link that enables that possibility.

Let me ask this in a different way. How do you think a trip to...say target is going to work in the future, once the new system is ushered in? Please explain how it would look from start to finish. I will do the same with the system that came from the bank documents.

>>51386647
hint... it's in the name... chain link

>>51386689
So here we go:
You go into target, choose your items, go to the register. Scan the items, the POS machine will connect to the stores inventory control database(choose a Blockchain which one doesn't matter, let's say....ftm since they have trialed inventory control) the system will then pull the correct price from a data feed from chainlink to get you the most up to date price(prices can be updated on real time!). The system then asks you to pay. Now, the payment system will be a private ledger for the store, specific to the store(or maybe the bank the store uses). Your goysd cbdc will probably be on algorand. So you pull your usa wallet out, and initiate the payment. But wait, your on algo, and the store is on a private xrpl ledger. Well no problem, your wallet will then bridge your cbdc over to the stores private ledger by going algo-pub xrpl-private xrpl. While traveling through the xrpl your cbdc will be converted to xrp as that is where the liquidity is so the transfer can be made with no slippage (remember slippage is a concept that banks have to take into account currently when dealing with xferring currencies, especially cross border) ((this part of the system could conceivably run on xlm if the stories are true about xlm being for people and xrp being for govs/businesses)) the store then receives your cbdc payment on their private ledger while simultaneously updating the inventory control system to account for the sale. The entire time the prices will be monitored by chainlink to ensure nothing is lost to slippage. But xrp is doing all of the payment settling. Hope I explained this well enough I'm pretty tipsy at this point.

>>51386791
How can chainlink run without other blockchains? Its literally a system that runs on other crypto systems. This is my point it's like saying smart contracts will be running everything but not talking about what network the contracts will run on.

>>51384324
kek

>>51386857
>How can chainlink run without other blockchains? Its literally a system that runs on other crypto systems
Not correct. Blockchains not needed. Chainlink nodes.

>>51386857
>>51386936
What i mean to say. Hybrid smart contracts. The blockchain portion is only required for businesses that want to use that service.

>>51384521
>US will replace it's dominance
kek no they will ride it down to the bottom and take everyone with them. Thisll be 1920 all over again.

I buy coins and keep them in cold storage, i've never mined, staked, used defi or held coins in an exchange for any longer than necessary for transactions

Please explain to me like an absolute newcomer why the hell people are taking these 'haircuts'. What was this bancor place doing with their money and why isn't it literally illegal?

>>51386982
Why do you think things are so fucked right now? The US decided to drag it's feet while the rest of the world got onboard with blockchains. Then the US realized it's error and has been fucking with everything to buy time for them to implement their new systems, putting the framework together takes time.
>>51386948
Blockchains are still needed. Which is my point without blockchains chainlink is a glorified network of sensors and data feeds, how would such a network integrate with a business. We're moving into the future, remember that, the time of making deals by cutting a check and passing money back and forth through means that require settlement is nearly over. Blockchains are currently the only thing that is capable of instant settlement.

>>51387058
Bancor promised "protection", said protection was based on poor token enomics. Early anons pointed this out but discord and twitter users and bacor devs kept on shilling. Then bancor did shady stuff with Celcius and co and got shorted by nexo and co, now they insolvent basically and user who withdraw no longer get protection as they turned it off.

>>51387059
>chainlink is a glorified network of sensors and data feeeds
>He doesn't know

>>51387091
what was it meant to protect against?

>>51386857
>what is middleware
read the docs
https://docs.chain.link/docs/running-a-chainlink-node/

>>51386948
Say I was a sports betting casino. We allow you to bet on a horse race on the other side of the world. Now think of what is involved here. We need the data feed for the outcome of the race. We need a system to accept the bet. We need a system to pay out the bet, we need a system that can read the feed and determine if a payout should be given. Remember, were going into the future. It should all be automated. A Blockchain, say eth takes care of taking payment and paying out, and communicating with the data feed. The connected chainlink network provides the info to the smart contracts on eth on whether or not to pay. But you're on eth as the casino decided to use it as their chosen chain. Remember you're on algo with a cbdc. They aren't compatible, so you have to bridge...you do this using ODL which utilizes xrp to instantly xfer the value of your tokens from the casinos eth network to your algo cbdc wallet. Happens instantly and you don't have to worry about losing a single penny to system inefficiencies.

>>51387115
https://cointelegraph.com/explained/what-is-impermanent-loss-and-how-to-avoid-it
bancor "created" a solution to this by pairing their bnt token to the token in the pool
that was nice and all until the bull stopped and people wanted to withdraw

>>51387058
The protocol went bankrupt after the luna crash dragged the market down causing a bankrun. Not enough liquidity to pay back all depositers

>>51387128
>bridge...you do this using ODL which utilizes xrp to ins
Nope. CCIP

>>51387059
Please stfu nigger

>>51387119
How can chainlink do anything without a Blockchain to run on? Holy shit. Chainlink is USED by blockchains to aggregate data.

>>51387140
Oh you poor poor anon, can't even come in and make an argument.

>>51387115
When you have money in liquidity provision you lose money when you withdraw. They promised to protect so you dont lose money, that was their main feature and they turned it off. The haircut is users withdrawing and losing a % of their stack.

>>51384242
Today I remind them

>>51387143
don't post here for another three months. just read

>>51387143
Post your portfolio so we can critique.

>>51385640
There is no need for tokens for anything at all. You can send messages just fine without any tacked on bullshit token.
Anything at all that needs some kind of ‘toke’ (which of course costs money) is 100% a scam and there is no argument against this. Note that bitcoin for example does not fall in that category you don’t need some bullshit token to send btc

> 2022
> getting scammed by bancor again (do you even remember the ico 5 years ago?)
> the thread is full on link bagholders
> some xrp bagholders too
the state of biz.

>>51387245
You need btc to send btc anon don't be retarded. Same thing with every L1 token. You need the L1 token to send anything.

>>51387249
I'm still waiting PoSW's glorious return with even more charity for Africans

>>51387245
This is also like saying, you don't need money for anything since we can trade goods...tokens are just a new way of representing value. But yes systems that use tokens as part of a scheme are usually scams. This is why you should be focusing on crypto systems. From there understand that these systems are going to be what run our money...which will be in token form. Chainlink is a system, xrpl is a system, algorand is a system, etc. (Some systems share a name with their tokens too don't get yourself mixed up)

>>51386512
>>51384521
>spoonfeeding this hard
only the intelligent will dig deeper anyways
>You people will listen and listen, but you will not understand. You will look and look, but you will not really see. Yes, the minds of these people are now closed. They have ears, but they don’t listen. They have eyes, but they refuse to see. If their minds were not closed, they might see with their eyes; they might hear with their ears; they might understand with their minds.

>>51387323
I try to help the lost fools from time to time but it is exhausting. We're nearing the end. Sometimes I feel like a fool for trying so hard.

>>51387368
well you couldn't have put it any more succinctly so it's on them if they refuse

>>51384521
QFS is a gay glow LARP, like you.

>>51387368
also I think flare networks and their oracle alternatives makes chainslink useless but I still have some of that shitcoin stankylink just in case

We are the Bancor marines, and we are never withdrawing.
40% Haircut? NOT WITHDRAWING
50% Haircut? NOT WITHDRAWING
60% Haircut? NOT WITHDRAWING <-- You are here
95% Haircut? NOT. WITHDRAWING.

>>51387406
chainlink is a scam you dumbfuck

>>51387482
yeah I don't doubt you at all

>>51387406
Ya flare is going to be a big part of things along with xrpl hooks. Couldn't imagine being in this space without hedging.

What cryptocurrency should I buy and hold?

>>51387406
>>51387491
Go back to your containment general. You two have no idea how crypto works. It all revolves around LINK even btc.

I was thinking about staking my link stack on bancor about a month before it all went to hell.

>>51386632
>wish I could find my DL of it
>gonna be rich
>can't search a harddrive
Doubt

>>51384242
I withdrew at the end of august, took a 6k LINK loss

the worst part? I had put in 100% of my own LINK AND 100% of LINK I was safekeeping for someone else. So I ended up losing 60% instead of 48%
from 9k to 3k link. but I still have 3k link and I'm grateful for that, 3 suicide stacks is enough to make it

>>51388057
kek suck shit faggot serves you right for being retarded

>>51388094
that's a very rude post anon. something wrong going in your life you wanna get off your chest?

>>51387792
currently
but there's alternatives which are vastly superior which you fail to recognize in your arrogance
however I'm over spoonfeeding cause you reddit darpa niggers are beyond saving at this point
you had 5+ years

>>51388105
nah man im happy being vindicated by you're retardation

>>51387155
>>51387132
why would people hold in this liquidity pool in the first place? what was the supposed upside some sort of % returns?

>>51384431
Is this the worst shill attempt in the world? The greatest shill attempt in the world? Or a genuine retard?

>>51388057
You deserved it.

>>51388327
as a LP you get a share of the trading fees. but it turns out the trading fees did not make up for the impermanent loss

How could this happen? I'm so sick of crypto, everything is a scam. I lose funds on everything.

>>51388551
ty for the explanation

>>51385906
yea this is why Ripple is helping the feds on FedNow and one of the Rothschild's creating a CBDC for the bank of Scotland on the XRP Ledger

Funny shit, that the ISO 20022 requires other banks, who will receive payments from banks, also have the ecosystem to receive the fundings. So every bank, interacting with the bank of Scotland, will have to work with Ripple. Once they see, how easy and fast their transactions are, they will want to use the same technology.

>>51384521
kek swift is not being replaced, but cryptos will just help first.
cbdc's for wholesale will be used in 3 years, according to the WEF
But it'll still be a long process, as banks still do not trust the blockchain, so minor banks have to make the first step

>>51385073
he's actually right
and you're good to go with link, xrp, xlm, hedera, algo, iota (although they face technical and internal issues) & quant for the start
also FTM could seriously play a role regarding govs & IoT, but I'd rather bet on Eth, as it seems to become an exclusive blockchain for the wealthy and rich elite

>>51384521
Schizo Alert
>>51385317
Truth Alert

>>51388057
HAHAHAHAHAHAHAHAHAHAHAHA