/biz/ - Business & Finance

Steak too. I’m so excited for you crazy kids

>may 2021 ath
>baggies still coping since

>>51469139
about a year too late. If this shit dropped in Q3 2021 it would be at $100+

So it looks like defi will actually be of use after all, nice

>>51469139
why do they drop this 2 weeks before smartcon? it's like pre-ejaculating.

>>51469295
That's what you do if you want to announce something really cool, but know it'll be overshadowed by something the whole crypto world will talk about that's gonna be released on smartcon. Take a guess what it'll be

Twitter can use DECO to eliminate most bots.

>>51469201
You don't understand that that doesn't matter. CL is achieving market dominance. Every new feature release of CL becomes industry standard which means it becomes more intertwined with the very idea of blockchains and Web3.0. This means that it 100% will scale with blockchains and Web3.0. The more features it releases, the more it's adopted, then the "blockchain" : "LINK" ratio approaches 1. We're going to the moon.

>>51469295
LINK has been one 5 year long premature ejaculation, everything is spent

>>51469337
it matters to my fucking portfolio

>>51469139
well shut up and pump it to $500 already so i can buy a mcdonalds

>>51469338
LINK has been on NOFAP for the last 5 years with the occasional wet dream here and there (August 2020), priming for an explosive prostate simulated ejaculation with the seminal emission of a horse in two weeks.

>>51469356
DId you not understand what I just said? CL is becoming increasingly ubiquitous in the blockchain/Web3.0 space. It's approaching a 1:1 scaling ratio; as Web3.0 increases in value so will CL. This isn't like Ethereum or some other shitcoin which might pump alongside a crypto pump and then fade into obscurity later. Just wait anon. The pieces have been laid and everything is falling into place.

>>51469335
>Twitter can use DECO to eliminate most bots.
Man I love decentralization and web3 and all but you're way overestimating how many people actually give a shit about that right now. 99% of people would be fine if Twitter just required an ID check using onfido / veriff / sumsub with no privacy guarantees.

>$7

>>51469438
I UNDERSTOOD WHAT YOU SAID AND WHAT IM TELLING YOU IS THAT RIGHT NOW MY PORTFOLIO IS FUCKING 300K WHEN I SHOULD HAVE BEEN A RETIRED MILLIONAIRE

I GOT A TASTE LAST YEAR AND NOW IM STUCK IN UNCERTAINTY AGAIN WITH THE SAME OLD PROMISES

FUCK I WANTED TO BUY A HOUSE WITH MY GF NOW I HAVE TO LET HER GET A JOB
FUCK YOU FUCK YOU FUCK YOU

>>51469139
This is unironically huge and unironically no one will care.

>>51469201
>year too late
why not 4 years too late, then? they could have 'dropped this shit' in 2018. Think, boy.

>>51469599
it's a fucking bear market again until 2025 who are we kidding? Even if they release ccip and steak at best it goes to 20

what a SICK joke
I SHOULD HAVE SOLD WHEN I HAD THE CHANCE

>>51469596
If you've got $300k worth of Link then you're going to be a millionaire before end of 2023. You can retire by 2024. You'll be rewarded for your patience.

>>51469719
If you have $300k of Link you were already a millionaire, anon. Unless you just bought it

>>51469669
You still don't get it, do you? Crypto is still a speculative asset. We still haven't entered the price discovery yet. Current "cycles" will be invisible ripples on the charts because crypto marketcap is gonna skyrocket 100x easily, more likely x1000 over the next decade. And LINK's share in the marketcap will approach 50%.

>>51469139
>alpha test
>PoC
kek, it's SIBOS 2017 all over again!

>>51469560
Everyone cares about bots and I think a lot of people are like me in that they would verify their accoint in a privacy-preserving way but would NOT verify if it means exposing any personal information to Twitter.

>>51469139
With all the new features CL will be releasing soon, the fact that Steve Ellis will be showing his face is still the most bullish thing at smartcon.

>>51469560
Imagine giving your information away for free with no privacy guarantees.

Chainlink will be named a security by all western nations and go to zero.

>>51469804
Touche
>>51469813
I understand your point, but I don't think most people care, and also I think you're naive if you think Twitter don't know you inside out already. Tech giants know your deepest secrets man, your sexual fantasies, your family relations, everything. Why would they care about also getting your social security ID or whatever?

>>51469316
I bet you $300 Adyln's feet pics are finally going to be released. I got banned from smartcon for refering to her as Tiger mommy to Rory.

>>51469386
Imagine the smell

>>51469139
>pic
I actually haven't heard of Teller before. It looks kinda like a big deal. Can any anons give a qrd on how notable Teller is?
>>51469778
This is true haha. That anon will definitely get another chance to retire early though.

>>51469438
already
priced
in

>>51469881
Allows verified yet anonymous pee pee poo poo identity to take out loans with a collateral less than the loan

>>51469865
That just gave me an idea for a pretty cool Chainlink hackathon project this fall, thanks bro
>>51469910
Man I was there it was rough

>>51469337
Uhhh speak for yoursef moron. This is an investment board. I’m not here to jerk off to the tech. If I wanted to do that I would join the ICP schizos

>>51469438
Blah blah blah yeah man its gonna moon in global recession. Only a 7x to where we should already be

>>51469798
This is how your brain works in a gme/bbby cult. Pure delusion

>>51469438
Which translates to exactly zero price action.
Now fuck off you pompous pick

>checks price
>another nothingburger
i sleep

>>51470085
Money goes to where there's value. You don't know shit. You probably have chicken grease stains on your shirt.

>>51469386
kek

>>51470160
money is not going to come. you have been talking to the same group of people. there are no new users of this weebsite. you are going to have to make tiktoks to sell to the next generation

>>51470064
>This is an investment board. I’m not here to jerk off to the tech.
And CL is pretty much the safest/surest investment in crypto. There's no need to jerk off to the tech. This will moon whether you jerk off or not, anon.
>>51470154
>price action
The price action will be "upwards" for the next few years. Problem?

>>51469139
Didn't know what DECO was until now, just finished reading the whitepaper. TFW I independently came up with this in that "http requests with ICP replaces oracles" thread.

>>51470106
I don't think you've spent enough time thinking it through. You still think crypto is an asset that's competing with other asset classes. Instead it's a completely new financial system where things like centralized currencies will be irrelevant. This also means that Chainlink's utility (and thus value) will platou at some point in the future and then start going down, because more systems and institutions will be already fully decentralized, thus not needing oracles. That's why I believe LINK will reach it's maximum mcap share at around ~50% and then start going back to zero. Time scale probably peak in 10-15 years

>>51470244
>money is not going to come
>there are no new users of this weebsite
Outstanding take. Love to hear more.

>>51470321
50% of what?

>>51470313
hate when that happens bro, I independently came up with ICP concept then decided it was gay and centralized
boy did I mess up!

>>51470244
Do you realize money is a social construct, it is in use because we have agreed to it. Programmable money (i.e. crypto) is objectively better than our "current" money as basis for the whole financial system. It's objectively better, meaning it's more efficient, which in plain English means: transferring value via crypto will be "cheaper" than via traditional financial institutions.

It's not the money that will come, it's just that people will use "money" less and less and eventually "money" will be irrelevant

>>51470353
>50% of what?
Whole crypto market cap

>>51470321
>more systems and institutions will be already fully decentralized, thus not needing oracles.
what? please explain.

some of you itt have swallowed gallons of kool-aid my god

>>51470368
objectively better does not mean that adoption will come.
>>51470338
kys

I don't feel so good holding rose rn

>>51469139
>DECO anonymously verifies I have the funds for an uncollateralized DeFi loan
> DeFi loan hits my wallet
> turn 360 degrees, walk away and never pay it back

How will they enforce loan repayment brehs

>>51470549
idk. lien on your bank account

>>51470544
Dude Im telling you all is going to be great for those holding LINK and ROSE. ROSE is still under the covers. Its going to be one of those coins that pumps that was "discovered" on /biz/ first.

>>51470488
>some of you itt have swallowed gallons of kool-aid my god

and you have swallowed gallons of cum
haha gotttim

>>51469596
kys princess

>>51469386
thanks for the laugh

>>51470663
But DECO makes the sapphire paratimes main selling point obsolete. Look at any of their writings on Sapphire, they say that the privacy features will unlock undercollateralized lending. But DECO is going to achieve just that.

I’m so sick of all this “amazing tech about to be released and huge partnerships on the horizon!” Mumbo jumbo can we just fucking moon already?

>>51470461
>what? please explain.
It's hard to explain. I'll find a screencap with relevant information and post it

>>51470496
>objectively better does not mean that adoption will come.
If it's objectively better in every way, as in the old system has absolutely no advantages over the new one, then of course it's inevitable that the second system will replace the first one! The whole economic system as far as we can tell can be explained ("solved") by game theory. Core assumption of game theory is that the player is rational, for the "better" system not to dominate, majority of players (people participating in an economic system) would need to act irrationally, against their own interest. BTW when I say it'll "replace" the old system, I mean: leave it like maybe 5% of the market, take everything else. What coal did to wood as fuel. What gas did to coal. What mobile phones did to landlines. What CDs did to vinyl.

HA this thread is so free of fud. Who wants to bet they're picking through the Deco blog post, desperately trying to find fault with it?
Oh, how I cherish these little moments.

>>51470549
The defi loan won't be UNcollateralized, it'll be UNDERcollateralized, unlike current ones that need to be OVERcollaretalized. You'll still be locking crypto on the defi platform, it's just that a bit less because they'd also assess your risk of defaulting based on off-chain factors like your credit score, money in the bank etc. So if you walk away without repaying you'll lose your crypto and that's all, you may still come out richer, but that's the risk the lender is gonna accept after assessing it with your off-chain data. Does that make sense? Sorry I'm so tired

>>51470461
Damn can't find the screengrabs about this, I'm too tired to type up a ~2000 word explanation, but in short the existing financial (and other) systems are based on trust, decentralized systems using decentralized oracles are "truth machines". Truth always beats trust. The more people and value are transferred from the old systems (finance, trade, derivatives, insurance) into decentralized ones, the less there is need for Oracles to "sync" data between those two worlds (on- and off-chain)...

If you haven't watched it I unironically recommend listening to this (especially first 10 minutes) if you haven't already, Sergey is a pretty good speaker.
https://www.youtube.com/watch?v=KSS8Gk5UxE4

>>51469865
Yummy Tiger Mommy me fucky.

>>51471952
I haven't seen this in a few months, god damn it gives me chills. The way they planned and executed this whole thing (fingers crossed, almost there) is just unbelievable.

>>51471952
So your thesis is that eventually everything will be tokenised and all data will already be "on-chain"? I think there's always going to be some raw data off-chain, hence (foreseeably) always a need for oracles. Further, even if everything was decentralised and on-chain there woyld still be a need for CCIP and VRF.
I don't disagree that eventually Chainlink might be made obsolete by some technological innovation, and I think 10-15 years is possible, but I disagree with your reasoning.

>>51472262
>I think there's always going to be some raw data off-chain, hence (foreseeably) always a need for oracles.
I agree, but that's not gonna be a huge market, my prediction is long term (maybe 30 years?) down to 5% of all value
>Further, even if everything was decentralised and on-chain there woyld still be a need for CCIP and VRF.
Shit, good point. Plus the whole "execution" service, currently it's Keepers, but eventually you'll be able to run arbitrary code or even executables off-chain. Yeah the way they have covered every angle is scary

This is how I feel when I see the big picture of what Chainlink will be. It can't be all true, can it?

>>51469669
Chainlink with staking is like a chimp with a machine gun!

>>51469356
>>51470064
better sell then

>>51472390
and you... you have to sell it!
>>51472916
fuck you

>>51472916
No point selling the bottom. Waiting for next pump if it ever comes and then out. Have fun with your tech buzzwords that never amount to anything

>>51469386
>horse
I know a linkpool skill when I see one

>>51470817
Say whatever you want brother. I'm rarely wrong about these things. Fuck white papers, its about who is holding hands through their zippers.

>>51471952
>The more people and value are transferred from the old systems (finance, trade, derivatives, insurance) into decentralized ones, the less there is need for Oracles to "sync" data between those two worlds (on- and off-chain)...

There will be a bigger need for oracles as more people onboard data to decentralized ones. What chain could possibly service EVERY transaction? It's an impossible scaling problem. More than likely people will be using L2s and other chains specific for each type of transaction which means cross chain communication is going to be highly in demand. And chainlink has that on lock.

>>51472366
Same here.
Our current reality is so different than what the future could be, that all this talk about adoption and captured value seems like a day dream.
The thing that keeps me believing is how the little amount of info that CL puts out all points to them being on track to make all this actually happen relatively soon.

I keep telling myself that if the price doesn’t start reflecting the progress made by CL in the next couple years, I’ll just admit that I was wrong about Link and move on.
I’m not going to sit out another bull run.
Don’t think it’ll come to that though.

>>51469139
>undercollateralized
token not needed, it's official

>>51469316
Did they figure out a way for men to come out their butts?

Doesn’t this enable identity theft/fraud in defi?

>>51469596
>can’t handle volatility

>>51472366
My mistake was thinking we had to wait until October for Thesmaphoria instead of the Eluesinian mysteries this week.

>File:Kyzikos - 430-410 BC - elektron stater - two eagles on the omphalos - quadratum incusum - Berlin MK BM
Kyzikos
>After the departure of the Argonauts in Lemnos, they landed in the island of the Doliones[5] of whom Cyzicus was the king. He welcomed the Argonauts on their journey to Colchis and received them with generous hospitality. But after their departure, a storm drove them back to the Cyzicene coast at night. With neither the Argonauts nor King Cyzicus recognizing one another, each mistook the other as an enemy and battle ensued. The Doliones thought they were Pelasgian army who constantly harassed them.

>The enemy have seized the harbour, our hold foes the Pelasgians have returned!” Men’s rest was broken; the god Pan had driven the doubting city distraught, Pan fulfilling the cruel commands of the Mygdonian Mother [i.e. Cybele], Pan lord of the woodlands and of war, whom from the daylight hours caverns shelter; about midnight in lonely places are seen that hairy flank and the soughing leafage on his fierce brow.
>The Argonauts slew many of the Dolionians, among the rest was King Cyzicus who was himself killed either by Jason or Heracles. The incident had been arranged by the gods Cybele, Pan and Bellona because Cybele wanted revenge against the king for killing one of her lions.[6] Valerius Flaccus recounts this account in the following passage:

>>51476409
No, it’s a way to proof facts about offchain information without putting it on the blockchain. Like instead of putting my drivers license on chain I prove I was alive before a certain date to show I’m over 21. I haven’t exposed my private information and yet the blockchain knows I’m over 21.

>As Cyzicus upon his swift horse shook Dindymus where votaries revel with bloodstained arms, and wearied the woods, he was betrayed by his too great love of the chase; for with his javelin he slew a lion that was wont to bear its mistress [i.e. Cybele] through the cities of Phrygia and was now returning to the bridle. And now (Madman!) hath he hung from his doorposts the mane and the head of his victim, a spoil to bring sorrow to himself and shame upon the goddess. But she, nursing her great rage, beholds from the cymbal-clashing mountain the ship with its border of kingly shields, and devises against the hero deaths and horrors unheard of: how in the night to set allied hands at strife in unnatural war, how to enmesh the city in cruel error.
When day broke, the Argonauts realized their tragic mistake, and granted Cyzicus an elaborate burial.[7][8][9]

>They [i.e. Argonauts] lamented for three days and tore out their hair; they raised a mound over the grave, marched round it thrice in armour, performed funeral rites, and celebrated games in honour of the dead man. The mound was to be seen down to later days, and the people of Cyzicus continued to pour libations at it every year.
After the burial, the Argonauts handed over the kingdom to Cyzicus's sons,[2] then sailed away and touched at Mysia. King Cyzicus left behind his young bride Cleite, who hung herself after her husband's tragic death.

>>51476666
Good god.

>>51476666
Fucking CHECKED.
You know that when Ari is allowed to publicly schizopost that we are getting close.

>>51469139
oh yeah, because what crypto needs the most is MORE undercollateralized lending

>>51476666
Checked and is this an allegory for all the infighting in the link community?

>>51476751
The eluesinian mysteries were so long lasting and had such potent cultural force that modern scholars believe initiates would utilize psychotropic substances to induce a state of mania.

>you are a maniac!

>>51476758
Yes, but it has to do with a more fundamental problem of not having access to universal truth. Platos allegory of the cave also speaks to this fundamental flaw of human existence. But an oracle speaks for the gods, who being divine, are not troubled by mortal limitations.

>>51476666
checked holy shit
>>51476684
lel you have a very good point
>>51476703
i was just going to post this

>>51476719
in regards to the swastika on the obverse of the delphic coin

> I have identified several possible meanings, the first being that these motifs are representative of vegetation in particular wheat. The way the lines protrude can immediately remind one of the way the wheat is often depicted.

>Regardless of what they are specifically, it is clear that the swastika is symbolising some form of ‘life-giving’ quality. In the third interpretation, it might be that the Swastika is being used as a symbol of Demeter’s association with grains and the fertility of the earth, and her powers of regenerating land. It might be an assurance that despite the land being infertile at the moment, Demeter will regenerate the land.

>>51476945
>>51476719

>>51476971
its all starting to come together, in the most schizoid way possible. The swastika was Demeter's promise to her followers to regenerate the land and provide rebirth and good harvest. The same symbol (in the form of healthy vegetation) is the symbol of the website where chainlink was first discovered. Is it all intentional? Fate? Is Ari really a Hierarch of Demeter and we are unwitting initiates?

>TRIPTOLEMOS (Triptolemus) was a demi-god of the Eleusinian mysteries who presided over the sowing of grain-seed and the milling of wheat. He was one of the Eleusinian princes who hospitably received the goddess Demeter when she was mourning the loss of her daughter.
>trips

can black people buy chainlink? does binance us swap state issued debit cards for link? I get paid monthly on the first and can buy some october

>>51477088
i sure hope not!

>Chainlink Labs recently engaged in a series of alpha test proof of concepts with key partners to validate the functionality and viability of DECO in various smart contract use cases.
be very interesting to know who these other key partners are

>>51477160

>>51477088
I'm uncircumcised :).

>>51477173
Will DECO make token needed ?

>>51477173
nice but would be good to see a big name attached
>>51477341
it is already needed but staking is what will make it more apparently needed

>>51477088
Unfortunately no. I tried to buy some but somehow DECO was utilizing my webcam and ID information on FTX, they determined that I was black and as a result, when I tried to purchase Chainlink tokens, I was denied.

>>51477368
Based DECO

>>51469139
>literal photoshopped image
Pathetic. At this point people who buy link are getting what they deserve, don't even feel sorry for them anymore.

>>51477048
>schizoid
*schizotypal or schizophrenic

good thread. bump

>>51478112
imagine thinking self styled schizophrenic 4chinz schizoids could even know there's a difference

>>51479676
imagine thinking that a rose by any other name would smell as sweet

>>51477341
Yeah, in just two mor---ACK!

>>51469798
Speculative assets don’t do well in recessions, friend. We haven’t even begun to experience max pain for crypto “enthusiasts”

how low do we go if smartcon is a nothing burger?

>>51480258
>if

>>51477173
this is very old

>>51480213
>Speculative assets don’t do well in recessions, friend. We haven’t even begun to experience max pain for crypto “enthusiasts”
You still don't get it. Crypto is a speculative asset right now because it has no utility. Chainlink brings in the utility, making all the wild use cases for smart contracts actually viable. This will cause a revolution that's hard to even imagine right now, whole industries will move from being centralized, trust based systems to truly decentralized, smart-contract powered ones. The point is this: think about assets in general, all types - current, non-current, the way they're traded, what their value is based on etc. Almost all of this shit is currently based on some shady accounting books, checking accounts, legal agreements, invoices etc. And it's all propped up by a very inefficient, corrupt, error-prone legal system. The point is this: in 20 years, 90% of actual value of those assets will live on-chain. Some people were laughing at NFTs and for good reason, in their current form it's just a stupid gimmick. But those with foresight understood what the potential of this technology is. I know it's hard to imagine, but it's inevitable.

I understand you're skeptical, but please do me a favor and read this:
https://blog.chain.link/market-for-trust-minimized-applications/

hope you realize this opens the floodgates for derivatives and tradfi eg massive jewry
you'll become insanely rich as chainlink becomes the standard for all coin lendeers
an objectively evil act

>>51480958
>https://blog.chain.link/market-for-trust-minimized-applications/
just wait 20 years bro

>>51470278
>two more years, marines

>>51471952
Existing financial systems are also heavily based on the tax payer bail outs, court system and repos. None of these can work on chain

>>51469596
Drama queen you should sell the lot

>>51480958
Excellent post.

holy shit chainlink threads are truly insufferable.
why are all of you so miserable?
jesus christ. you invested in this coin because you were and still are convinced that it is the truly revolutionary technology that will be adopted globally.
fucking relax and wait for the adoption to happen then!
i can’t believe how angry and miserable everyone is like damn dude you have the golden ticket just chill and let it happen

>>51480258
$4

>>51480258
>if
lol

>>51481321
>fucking relax and wait for the adoption to happen then!
>Just FOMO in at the top bro!
>Don't take those stock options as a christmas bonus, you're only working at Apple in 1980, Phil.
>Don't be passionate about the next stage in the world's economy

>>51469596
Fair. This is how any normal human being should act if they’ve been holding chainlink since at least 2019.

It wasn’t fun watching $700K turn into $60K, I can’t imagine watching $2M+ disappear.

>>51469139
When is smartcon?

I don't think a few years is a long time to wait to go from relatively nothing to being very wealthy.
Doesn't bother me to wait, even if it were to take another 5 years, which it won't.
If you haven't the patience you should sell any tokens you have and go away. The rest of us don't care about you, or your greediness.

>>51481431
I swinged shitcoin casino and got to 1m. Eventually messed the timings and now at 200k mostly in link. Hindsight is so easy but to actually succeed.. not so.

>>51481435
11 days

>>51469139
>globohomo is ready
I'm not ready and I ain't moving one inch.

>>51470321
>LINK will reach it's maximum mcap share at around ~50%
Won't happen unless total crypto mcap is very low. Only coins that can reach that 50% are the ones that will function as an eSDR such as XRP and XLM. Its actually better for LINK if something like an eSDR takes the top spot as it will drastically increase the total mcap of crypto and the trickle down value would be worth way more to LINK

>>51481483
> don't think a few years is a long time to wait to go from relatively nothing to being very wealthy.
Doesn't bother me to wait, even if it were to take another 5 years, which it won't
If you haven't the patience you should sell any tokens you have and go away, The rest of us don't care about you, or your greediness.

>>51483508
>XRP and XLM

>>51470321
delusional and misunderstanding stuff pilled
you understand that chainlink is critical for the computational layer right
also your timeline is completely laughable. Tons of companies today are still using software from the 80s

>>51476740
uncollateralized lending is the holy grail for any financial markets. as long as you have the police or army enforcing it, it's possible.

DECO unlocks this