/biz/ - Business & Finance

>>51686071
Fake and gay

>>51686071
>initial proof of concept
lol

>>51686071
>+2.0%
welp can't say I'm surprised by this

>>51686099
checked
And yeah I faked that tweet in Paint.

>>51686071
bearish af

Just another proof of concept, literally means nothing. What even happened to the first proof of concept?

>>51686071
token not needed

>+2%
there's no point in holding this shit isn't it

>>51686071
Sergey confirmed that when Defi marketcap is 1 quadrillion LINK will only be worth 80 billion while other projects get 99% of the value. Also SWIFT and others are confirmed to still only be in the proof of concept phase. Unironically going to be waiting until 2025 at the earliest for anything meaningful.

Sell the news

>>51686071
>PoC with SWIFT1!1
we did this 5 YEARS AGO AT SIBOS
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>51686155
>Defi market at less than 100bn
>link is 4 billion
>defi market 1000x to 1 quadrillion
>link will only be a 20x
something tells me you're lying to me, why would you lie on the internet?

>>51686212
>>51686134
Here comes the paid fud

>>51686212
That was PoC v0.1

>>51686071
>>51685111

Trips willing

>>51686272
https://www.coindesk.com/markets/2017/10/16/swift-startup-winner-demos-smart-contract-trade-with-5-financial-firms/
FUCK YOU "PAID SHILL"

>>51686155
i already read this post

>>51686071
Sell the news event

>>51686289
Swift is heavily involved right now in tokenization and interoperability.
And we now know that Chainlink is involved as well.

Go outside.

>>51686071

Damn, for CCIP though? That’s pretty cool

>>51686119
Same kek.

>>51686315
God I hope they use the LINK token and I can profit from my enslavement

Swift Prison Planet ftw

-2%
Fucking LOL

>>51686431
>God I hope they use the LINK token
Everything mainnet ever did used the Link token.

>>51686502
And now they will accept other tokens too!

>>51686602
You can't use anything but Link tokens for actual Chainlink services.
If someone tries to pay with other tokens, then something like CCIP can instantly convert them to Link tokens.

>>51686653
and where do these LINK tokens come from? Does CCIP convert other token to team tokens or does it buy them from the open market?

>>51686827
Users pay for the tokens, like dapp fees right now in defi.

>>51686849
So these tokens exist where?

Are they taken from some pool or are they purchased from the open market at conversion time or something else?

>>51686071
So same shit as 2017 lmfao

>>51686155
He gave a conservative estimate and that was solely oracle calls. Stop being dishonest in every thread.

>>51686957
Chainlink does a poc for Swift
>hahahah they only did one thing together and now nothing anymore haha it's over

Chainlink does a second poc for Swift
>hahahah same shit it's also over

>>51686071
Why is SWIFT needed on blockchains?

>>51687006
It is 2027 Chainlink does third poc for Swift

>hahaha we just getting started

>>51687006
Fudders have officially been BTFO. They wont stop LINK

>>51687055
That would be pretty insane.
Especially if Chainlink manages to dominate another industry in the meantime, like how it took over defi since the last poc.

>>51686119
any other cryptocurrency that would just mention switft will double price in the first minutes. And then theres link that does nothing . kek

iam ico holder and my hands bleed but iam fucking sure it will be worth it

>>51687085
>>51687006
dont ignore my questions you disingenuous kike >>51686875
where do these tokens exist at the time of conversion?

Chainlink announces world peace

>+.09%

>>51687139
>where do these tokens exist at the time of conversion?

There’s a philosophical debate about wether they exist “on the blockchain” or on your ledger since if you lose access to your private key they pretty much fall out of existence for all intensive purposes

>>51687263
I heard Hillary keeps them on her external hard drive.

>>51687263
avoiding the question with pathetic banter like that will get you nowhere in life faggot
situation:
>user has token X but has to pay in LINK
>ccip coverts token x into LINK for to render their obligation to the node
where does the LINK come from in this instance?

>>51687317
The node operator's wallet, a dedicated pool, the open market, ...
It's a dumb question desu

>>51687286
She’s not that stupid. She keeps them on her hotmail account and the password is her old dogs name that she had when she was a kid plus her date of birth. No one’s guessing that shit. She’s too smart

>>51687317
It’s brand new information, I haven’t looked into it. Maybe go n ask in the discord if you’re so desperate you can’t wait 2 days for a blog about it

I don’t get it. You guys knew about the SWIFT connection since the very beginning, when this was an .11c token. Look at how much it’s grown. That WAS the bull run.

SWIFT is priced in now. If you were expecting more, I don’t know what to tell you except look up circulating supply.

>>51687471
>go discord
no thanks im not trans
>>51687448
>link tokens just magically appear from somewhere it doesnt matter
gm oklg nigger

>>51687473
>SWIFT is priced in now.
Swift is about to use CCIP for all the tokenization initiatives it's working on.
Cope

>>51687511
>just magically appear from somewhere
I just gave you three concrete examples.

swift was confirmed in 2017 newfags

>>51687448
>It's a dumb question desu
>the node operator gives link to themself from their own wallet after receiving token X from user
>no they get it from some unknown dedicated pool
>It's a dumb question desu
>desu
>no wait the link comes from the open market
>It's a dumb question desu
>desu

>>51686071
We have been 100% certain that chainlink and swift have had a working relationship since 2016, and they have confirmed it every single year since

>>51687522
see >>51687561
but I like your first example where you think that nodes take other token then use their own LINK to convert tokens that they then accept as payment like they are their own bank

I hope this is all going to happen on chain I want to see it

>>51687522
>Swift is about to begin to plan to initialize to materialize an announcement of the possibility in the future to utilize a beta technology for another PoC
touch grass, this bullshit is nowhere near being ready, I've heard this shit 5 years ago
fuck off

>>51686134
Here comes people stating facts and asking legit questions again.

And down it goes! Lmfao you STINKIES just never fucking learn, do you? Sergey will be dumping another 750k tomorrow.

>>51687664
you cant expect questions to be answered itt desu just see mine as an example

desu desu desu desu desu desu desu desu

>>51686071
They could literally tweet that they have partnered with god to resurrect Jesus and the price would go down 4%

All the link hate has destroyed this board. Biz used to be a board to help out poorfags, it has fallen into darkness. Newfags, buy link. Go watch the sergey presentations today for yourself and ignore these faggots

ZOG x Chainlink

>>51687825
>the same fags who bought link are now poorfags
>newfags just buy link
>jOiN tHe cLuB bRo!

>>51687867
This is what you sound like

>>51687972
>discord filename

>>51687763
At least change devices you fucking schizo

>>51688009
I have one device and my question remains unanswered

if chainlink are accepting other tokens for node services and token x is being converted to LINK to render the obligation to the node or to ensure finality for services, where does this LINK come from?

If it comes from the team wallets thats a cool slush fund mechanism.

If it comes from the open market thats direct buying pressure regardless of whichever token the user chooses to pay the node even USD or another fiat

If its up to the node then what is the point of LINK if any token can be used?

Nodary discretion sounds dangerous to me as a LINK token holder so you had better checkdd yourre ansnwrr and postered youre words carefully

>>51688133
liquidity pools, exchanges, etc. remember token prices are 18 decimals as well. link could be astronomical in value and still have cheap calls and liquidity.

>>51688133
>>51688444

>>51688444
>remember token prices are 18 decimals as well
checked

>>51688444
checked but this is a non answer. the location is important and no it is not some philosophical musing this is a solid question in tokenomics and value >>51688500
checked

are they shilling dero???

>>51687046
It's not difficult interoperability functions and how it matters in the growing world of blockchain with countless chains. You should look into Open Rights Exchange if you're looking for an accurate description about how interoperability works at a simple level

>>51686071
WAGMI

>>51686315
My confidence just skyrocketed in interoperability based projects. Arguably one of the major catalyst for mainstream adoption

>>51686071
>dumps lower
Kek

>>51686119
>>+2.0%
>welp can't say I'm surprised by this
Really. Usually this would be -3%. +ve% is amazing. How far we have come

>>51686071
>Actually substantial SWIFT development
Dump it

>>51686071
>Swift is looking at the tech we are developing so they can take what works and ignore what doesn't when building their own network
That's what it really means

>>51686071
you realize worldwide transactions on the swift network all go through the NY Fed with an open data link to the FBI South Manhattan office right?

>Some third rate middle man from swift is fooling around with some nonsense proof of concept gimmick thing that may or may not use link in 10 or 20 years


Kek linkies KNOW this is what this actually means, cope harder stinkies

>>51692067
does his wife know he's fooling around like this?

>>51686071
https://www.youtube.com/watch?v=03C4tnCFEMQ

>>51692034
Sure. Time sensitive financial messages from around the world are all redirected via some shitty gov agency of a country with a literal third world banking system.

World police eh.

>Market sold 100k link

>2 more weeks
>muh swift integration
>plaid shirt
>red on the day
what year is this?

proof of concept
swift will never integrate with another company - too risky. too many possible issues with digital currency. too heavily relied upon
enter quant overledger OS stage left

>>51691343
Check again. Nothing else in the top 100
Is down anywhere near as much as this piece of shit scam. 20 more years

>>51687546
and (you), despite saying this now because it is convenient to you, were fudding back then saying it could never be true. Ironic

>>51686212
"we" didn't do anything.
"you" simply hold my bags.

t. Sirgay

>>51688444
This. 18 decimals so why not pump the price at least to low triple digits?

Truly have never seen such odd price action for such a promising project.

>>51686071
>-3%
so crazy whoa! fucking retard

>>51686071

>>51687598
https://www.swift.com/news-events/news/swift-innovates-remove-friction-corporate-actions

https://www.swift.com/news-events/news/new-experiments-pave-way-international-payments-using-cbdcs

https://www.swift.com/news-events/news/digital-assets-next-frontier-finance

https://www.swift.com/news-events/news/exploring-tokenised-assets-collaborative-innovation-action
etc. etc.

These are just a few recent examples of active projects Swift is engaged in right now that involve tokenized assets, digital assets, interoperability. Which is exactly what they would use Chainlink and CCIP for.
And now we have confirmation that they are in fact using Chainlink and CCIP for this.
Touch fucking grass. Right now.

>>51688133
I really, really, really like this image.

>>51686107
>>51686134
>>51686212
>>51686289
>>51686957
>>51687473
>>51687567
>>51692067
>>51692230

see >>51696512

>>51687561
>>51687594
>>51687763
>>51688133

You were given three of the most likely answers to your question. What is wrong with you.

How the fuck hasn't this moved the token price? It's the crown jewel that the vast majority of crypto projects have been striving to secure. This is now 100% confirmed straight from Swift. Sergey also pointed out painfully clear that there is a multi-billion growth path for Chainlink. What the fuck will it take to move the price? Holy shit.

>>51686212
I bought chainlink in 2017 for $0.17 as what amounted to a leveraged bet on smart contracts gaining traction, and I honestly think its going nowhere now. If smart contracts offered innate cost savings to businesses, they'd be using it. Instead they're not, not even using centralized oracles, so I'm totally backing out of decentralized oracles and am back to being a BTC maxi.

Have fun, retards, and keep praying for staking, even though it wont matter. I've made my money.

>>51696727
>>>51696512

>>51696676

Also there is a difference between
>year we work with you
On a zoom call versus the strategic director flying out to New York from Europe on behalf of Swift for business.

There is absolutely no angle left to question this anymore

>>51686071
An initial PoC doesn't necessarily have anything to do with the Link token. Like the guy said it won't be cryptocurrencies, but cbdc and digital assets. So this could be some internal DON network Chainlink is setting up for them. Tbh that's what this is most likely. Still good news for Chainlink

>>51696781
>>>51696512

Swift is knee-deep in cbdcs, securities, digital assets, ... that explicitly involve blockchain.
Also, there is no Chainlink without blockchain.

>>51686119
WE ARE ALL IN THIS NIGHTMARE TOGETHER
DO NOT UNDER ESTIMATE THE POWER OF NEGATIVE THOUGHT! ESPECIALLY COLLECTIVE NEGATIVE THOUGHT!
THIS SHIT IS GOING TO REACH $0 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!
VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!!!

>>51696811
I agree, but there may be Chainlink without the token

>>51696937
That's not only technically impossible, but it also makes zero sense in terms of economical security.

>>51696992
You pointed out to the solution yourself. Imo Chainlink will provide SWIFT a CCIP DON that is comprised of the 11k banks where each party has a reputation tied to their node. Like Vitalik says then you don't necessarily need a token. And it makes no sense to think it's not technically possible. What exactly makes it impossible for the CL team to build it?

>>51697054
this is the dumbest shit vitalik has ever posted on here

>>51686071
>IT'S FUCKING HAPPENING
dumpy dumpy dumpy dumpy dumpy
so typical

>>51696937
>without chainlink token
>guys I’m retarded subhuman IQ please show me where token needed

>>51697118
A permissioned DON doesn't need a token. The security comes from mutual incentives

>>51697054
Banks are known to outsource literally everything remotely IT-related, but surely this time will be different.

>>51697164
>permissioned DON
Protip: you can do this with private blockchains because they're deterministic and consensus is basically a matter of "yes or no" for each node. You cannot do this with a broad range of publicly available non-deterministic data since they'll soon find out that third-party oracles can do this much faster, safer, and cheaper. For the price of a single centralized oracle transaction you get potentially dozens of node responses.

>>51697178
>buzzword buzzword word salad
kys tranny

>>51697205
Consensus, determinism, node, and decentralization are cornerstones of blockchain.
Remove any one of them and you don't have a blockchain.

It's like saying cylinder, gasket, pinion, and transmission are car buzzword salad.

>>51697205
concepts are not buzzwords. I too speak in patterns and concepts because I am INTP unlike you normie scum go the fuck back

>>51697238
based and redpilled fuck this normie scum i will bathe in his blood

>>51697269
kys edgelord

>>51697331
like that edge do you fag

shitcoin >>51697644

>>51687263
>for all intensive purposes
Haha, sasuga ESL-kun

>>51697331
It's sad that 90% of idiots investing in cryptocurrency don't know or care how they work. Get fucked, your coin is worthless centralized TRASH and will never be accepted by society.

>>51686128
So a securities violation. Interesting

>>51697813
try harder tranny

>>51697178
>soon

You guys cant see the irony. Nowhere even close…

>>51688444
>remember token prices are 18 decimals as well
almost all ERC20 tokens use 18 decimals. it's a single line of code. i love how link tards thinks this means anything
>https://solidity-by-example.org/app/erc20/

>>51698884
>i love how link tards thinks this means anything
Are you retarded? The 18 decimals are only brought up whenever some retarded fudders says some monumentally stupid shit like "the higher the price of Link, the more expensive the oracles are to use".

>>51698809
Do tell.

>>51697054
Vitalik confirmed token 100% needed, what are you talking about?

>>51697349
nice meme

"this is the result of the end of a long story... Five or seven years ago SWIFT and Chainlink started working together. [...] SWIFT and Chainlink worked together on the first POC that we did on bond issuance and redemption.

It was quite successful and that was the first steps of this sort of love story between Swift and Chainlink"

>>51699248

>>51686107
How to tell me you don't know how business and innovation is done without telling me you are a disgusting pleb.

>>51688133
I unironically love how retards like you think they are smart and it's also the reason while you are ngmi. I really enjoy reading your posts. Glorious.

>>51696592
He's just a low iq autistic fud fag

>>51699085
lying pajeet lies. whoaaa surpise