/biz/ - Business & Finance

CZ will buy out link or they'll work together. There's no way around it. But I don't think defi wants to use binance oracle.

>chainlink code is proprietary
lol fuck that shit

yeah what the fuck they said they will make their own oracle and bnbchain shilled link again

>he thinks I'm going to click those twitter links

>>52509617
it is, cz copied the public sc contracts, but everything else is not public and under licence. deco code is private(they acquired it), vrf vode is private, ccip is peivate, don code is private, node code is private...i could list em all.

>>52509685
I just don't want any chainlink bullshit if that it the case. Fuck it aed everyone who shills it. Let CZ write an open source solution, then.

cz withdrew from the oracle fight to focus on solvency issues
linksisters, we win yet again!

>>52509505
personally I think sergey agreed to do Binance proof of reserve on the condition that CZ would plug chainlink

Sorry but you've been snopes debunked. Vitalik is helping Binance with their proof of reserves

>>52509759
maybe they noped out when Vitalik started demanding the proof of reserve protocol had to include SBF to give him another chance

>>52509561
lmao this is some old FUD

le Google buys out sergey maymay

Thsi seems like a good time to swap more eth to link?
Staking should give at least a small pump so i can swap back

it's not an official account, they admit it themselves it's NOT BINANCE IT'S NOT OFFICIAL STOP SPREADING LIES

>thinking Chainlink can sue over this
Lmao. And Satoshi will sue every crypto in existence for copying blockchain.

check the bnb pegged link. For some reason link holders are big on bnb chain, and announcing open warfare against their bags might have drove of a few million link back and 1000s of users to eth, avax and others

>>52509759
this just shows how ignorant you are, chainlinks proof of reserve doesnt do PoR for centralized entities. it is meant to be used to automate insurance onchain and for example stablecoin pegging and backing.

they clearly state that while PoR is doable for cexes , proof of liability (that really matters) cant be done, and its not the focus of chainlink as chainlink only brings PoR proofs onchain, chainlink doesnt do PoR themselves.
its not their job to do so.


pic related

>>52509561

I'd rather use binance oracles than trust a shady Russian company with a PnD shitcoin

>>52509845
Idk i have link there from money i made off pbutt

>>52509891
Since the announcement it went down a lot. Venus had at one point far over 3 Million link in liquidity, down to under a million, pancakeswap lps look dry as well.

>>52509909
I checked it selling 10k there (to bnb) has a bigger impact then selling 100k on uniswap (to eth) but eth is a liquidity monster to prominent coins

>>52509505
I think your speculation is retarded but this is an interesting find. Assuming this is an official BNB developers communication channel and not just some unassociated developer evangelists, this could represent a pivot away from trying to kill Chainlink into seriously attacking ETH. I always thought BNB was just a cheap chinese eth knockoff but if they push hard for Chainlink integration they might become a real competitor. Today, no serious financial institutions would consider BNB as their settlement layer for multi-billion dollar smart contract settlement but after the assassination of "sparring partner" FTX, if they lean heavily into protocol integration of Chainlink services they may be able to attract consideration. Binance probably realized after a few weeks that it would take a fuckton of work to be able to recreate even a fraction of Chainlink services and it'd just make more sense to fucking work together. Could also be a catalyst for the Ethereum Foundation to get their shit together.

Really does make me think though.

>>52509878
I'd rather use chainlink oracles than trust a shady chink company with a PnD shitcoin

>>52509505
cool "breadcrumbs" and all but this is a complete nothingburger. Show me CZ directly shilling Link and then you might have something there. Even better if he were to do it in a mainstream media interview.

This BNB Developer twitter just started 2 months ago has a bunch of zero substance tweets and pictures of autistic weirdos at conferences.

And all of that fantasy you typed about Sergey stepping to them... hahahha get real son. That limp wristed pussy probably still has to have a member of the team check for ghosts under his bed at night. Show me one lick of evidence to support what you're saying.

>>52509505
urine feces inded fren

>>52509967
1,5M in uniswaps eth/link pool. Hardly can be called liquidity monster. But its weird overall, a lot of Link liquidity disapearing, and still only about 20K wallets with more than 1000 link token

>>52509858
>service specifically built to bring offchain data on chain
>literally cant bring off chain data on chain

>>52510009
my theories might be retarded i give you that, and yes you are right, this could also be an attack on ETH which is still extremely good for chainlink. what lead me to think up those theories is the fact that chainlink had replied to that tweet, and they removed their tweet.
also about it being official or not, cz just tweeted about that twitter account, i posted the link in the OP, why would he retweet that acc if its not the official one?

>>52510070
16 million only in the v3 pool
https://info.uniswap.org/#/pools/0xa6cc3c2531fdaa6ae1a3ca84c2855806728693e8
And concentrated liquidity makes it very effective

>>52510133
there is a point between the 1 and the 6

>>52510009
>Binance probably realized after a few weeks that it would take a fuckton of work to be able to recreate even a fraction of Chainlink services and it'd just make more sense to fucking work together.

This was obvious from the start. I'm not even sure why shit like BAND even exists when it is obvious that Chainlink dominates the oracle market and any attempts at competition are a waste of time and money. If you can't beat them, join them.

Also I highly doubt Binance Oracle was ever a serious thing for CZ. Just like I don't believe CZ was ever planning to buy out FTX. For what reason did he fake the market out, I do not know. Liquidating longs?

>>52510145
No

>>52510145
>>52510193
Í mean yeah 1.6 million link
I was counting dollar

>>52510205
I get it now, but anyway, that isn't a lot. 5K eth and 1.6M link, sounds like your rich anon 2018 bag

>>52509505
Token still not needed.

>$6.15

We all know what happened...

>>52510013
>That limp wristed pussy probably still has to have a member of the team check for ghosts under his bed at night
It ain't ghosts he needs someone to check for, it's Gary Gensler. Sergey gets nightmares where he thinks Gary is going to leap out and arrest him if he even mutters the word "price"

>>52509878
Binance can manipulate the price. Defi will not use binance oracles

>>52510123
Would need to see archived deleted tweet. If true, maybe timing or maybe it hints at some more formal announcement in the works and they know breadcrumbs are actually bad for the ducks.

And it does appear that this is the official BNB dev communications channel. Neat.

>>52510158
Obvious to us but I honestly think Binance thought they'd be able to fork the entire Chainlink suite as easily as they forked ETH, then they realized how retarded they were and bent the knee. With FTX CZ would have loved to buy it if it wasn't such a noxious tribesman flaming dumpster orgy

>>52510009
For real though, other than xmr I've not bought much anything other than link since 2018, and I'm seriously thinking about starting to do small dcas into some bnb

>>52509858
What the fuck?! How could the Chainlink team have not seen this coming? A bank run on centralized exchanges is a common enough concern that even normies are aware it could happen. And yet Chainlink builds a product they claim is ‘verifies proof of reserve’ except it doesn’t work for centralized exchanges?

I have been giving the Chainlink team the benefit of the doubt when it comes to Binance integrating Chainlink’s PoR feature. I thought maybe CZ was doing shady shit behind the scenes and he needed to get his books in order before bending the knee, but if Chainlink openly admits their PoR service wasn’t designed to work on centralized exchanges I’m fucking done with these absolute retards.

>>52509561
>link or they'll work together.
Link is owned by google/hbar/etc

>>52510451
>Obvious to us but I honestly think Binance thought they'd be able to fork the entire Chainlink suite as easily as they forked ETH, then they realized how retarded they were and bent the knee.
makes sense
it's unreal how much sergey has cornered the market

>>52509725
>I just don't want any chainlink bullshit if that it the case.
Ah well then you fuck off now with nyour hippie shit cuntery fest that gave commie china operating systems for nothing and gargle your own open source cum, fit only for use by muh socialist with died hair and piercings that DON:T FUNCKING MATTER ANYMORE BECAUSE LINUX IS FUCKING DEAD. It lost, Microsoft still own corporate computing, Google own the web. All you did was give source code to North Korea, Russia and China. Kill yourself

>>52510571
PoR for cexes just brings a false sense of security, as stated by chainlink. let cz do his PoR, once a project with binance PoR pulls a ftx and binance reports it as liquid with reserves, cz gonna get rekt.

also, we dont want to do PoR for cexes as stated by CLG in pic related, god knows how many cexes want chainlink to do their PoR so they can exit scam and blame chainlink for it.
trust me, we dont need chainlink to be involved with centralized entities.

>>52510571
Chainlink PoR can be done for off chain assets, it's just a little more complicated.

And anyway none of this is going to matter when CBDCs are going to be onchain and traditional assets are going to be tokenised

>>52509835
https://twitter.com/BNBCHAIN/status/1593680441361502209?t=t3FTjJPjKvxcF9wUyPzczA&s=19

Sorry what? ;)

>>52510743
im not even sure CZ wants to do PoR, pretty sure he just tweeted without truly thinking about the implications.
for example, there is no standard when it comes to PoR, so he has to define one, second, he needs to audit the other centralized exchanges, by doing so,he needs to be a legal entity in those cexes countries and have the ability to access those cexes accountability. its impossible because there is a clear condlict of interest an exchange auditing another exchange. no one would agree.
also cz once he done all that, he becomes liable for the audits he did , if the cexe scams, he will have to justify why he lied.

its not an easy task, that chink will will give up and just stop bringing it up

>>52510794
VERY

Stay comfy BNB and Linkies.

>>52510794
idiot ape I hope you losing money

>>52510884
why are you seething when proven wrong?

>>52510701
I explained this a week or so ago but people can't understand it. PoR only works with independent third party auditing or exclusively on chain reserves. An Oracle can make the process and reporting far more efficient, but the auditing step is mandatory if you have any off chain assets in your reserve, which is extremely common with CEXes since half their raison d'être is to be an on/off ramp.

I'd love to see that world though, where audits get paid by oracle subscribers, with frequency, rigor and resulting fees automatically being proportionate to the risk. It's all possible on Chainlink, but you can't just slap a logo on the website and expect protection.

>>52509561
>I don't think defi wants to use binance oracle
/g/ loves to larp about Linux but they sure love playing their games on Windows.
Where I'm going with this is that, they'll mass adopt it regardless. It's not about a moral standpoint, but rather the position Binance have over crypto.

No one likes Google, but we're stuck with it due to a lack of a better option that'll never come since Google themselves prevent it from occurring. You'll understand once Binance delists LINK from their exchange out of the blue one day.

>>52511179
yep, most people who claim that cz is gonna win the PoR market are just ignorants and don't really understand what is PoR, atleast those in charge know let them talk as much as they want cz wouldnt wanna get involved in PoR, its too much hassle.
also chainlink enables defi and promotes trustless serrvices, cexes arnt trustless, so chainlink doesnt really care.
also anyone who promotes holding your assets on an exchange because muhh cz did a PoR on it, is a complete retard.
not your keys not your crypto.
exchanges are just here for being on/off ramp for fiat

bnb chain is not binance the exchange. its their slush fund. binance the exchange is insolvent so cz will never use por.
bnb can use it for certain things as long as they do not reveal cz's insolvency.

>>52511270
What a shitty blogpost

binance the exchange is insolvent.
bnb chain is their blockchain slush fund.
bnb chain can use por so long as it does not reveal cz's insolvency.
cz forked chainlink repo because he panicked

>>52511426
chainlink repo isnt even public, they stopped pushing to their public git a long time ago, also they never pushed sensible code it was all on the private git

>>52509725
>Let CZ write an open source solution
lol, lmao

>>52510883
forgot to post about this tweet

>>52509505
>all major CEXes will use chainlink to prove reserves
everyone already knew this. it's long priced in.

>>52512921
u clearly didnt read my posts

>>52509505
>wake the fuck up, now we need to see if sergey will force cz to shill directly on his twitter, there is a turf war going on right now.

No point, Sergey doesn't market to retail users, only developers. This is already pretty big, it does look like what you say in CZ bending the knee.

sirgay will rebend the knee soon, he wants these tokens to stay worthless/the price of a cup of coffee

>>52509505
bsc and bnb are all chink scams

>>52513278
>bsc and bnb are all chink scams
As opposed to quality American scams like ftx or japanese scams like mtgox?

>>52513267
Wtf does that even mean?

>>52513594
he means thanks for another year of free big macs

>>52513612

The entire crypto industry is retarded. Giving a company that works on a competing product in every sector, my coins. What a good idea.

>>52515318
not your keys, not your crypto, as simple as.
seems like this bullrun retards didn't know about it.
thats why SBF made so much money to begin with; the worst is that chico crypto lost all of his money, i hope he doesnt kill himself, he was already in a deep depression

>>52513278
idd

>>52510690
i agree with you for the most part but the internet runs on linux. and open source.

>>52511159
how do you do the image thing?

>>52509505
OGs know CZ is a LINK Stan so this news is uninteresting. Newfags don't know what's going on and don't care.

>>52511848
>chainlink repo isnt even public, they stopped pushing to their public git a long time ago, also they never pushed sensible code it was all on the private git
? I thought that Chainlink was opensource? I think Sergey has even said as much a few times.

CZ wont use chainlink right away because his balance sheet is also messed up
better to buy time saying he'll build an opensource PoR "with vitalik :D" and then bend the knee when he has cleaned up his rWeserves

>>52517455
>>>/g/sdg

>>52510701
Wait so now CL would take issue with signing off on false financials? Since when did they have any ethics or conscience? They shilled celsius for years and just recently hosted SBF at their major annual event…

>>52509505
>the thread linked by bnbChain had a reply from the chainlink team but they removed their tweet.

anyone got the tweet? cant track it down