/biz/ - Business & Finance

>>52609914
>tell me you're a retard without telling me you're a retard.

where have you been these last 3 weeks when we discussed why doing PoR for centralized entities doesn't prove their solvency, as they can "play the books" and doing PoR without proof of liability, doesn't mean shit? proof of liabilities cannot be proven mathematically therefore this is all useless.

chainlink PoR isn't there to prove solvency of centralized entities but rather there to help atleast show that wrapped assets are backed correctly and stable coins have the right reserves to back their pegging.

in what way shape or form, is what binance doing solving anything? it will just contribute to give off a flase sense of security, while in reality, not your keys, not your crypto.
stay out of cexes, no matter what they tell you.

>>52609914
how's that chink cock taste huh cuck?

>>52610008
Aaaaand the bagholders start coping, not reading all of that but congrats i guess or sorry that happened

>>52610008
>proof of liabilities cannot be proven mathematically therefore this is all useless.
https://twitter.com/AriJuels/status/1592637566540447746

>>52609914
I ate a egg

>>52610065
He ate a egg, and he is me

>>52609914
But Binance says Chainlink oracles are of integral importance.

>>52610008
This is the worst cope I have ever seen. Chainlink has been shilling their proof of reserves solution for years and now that the market needs it it says oh actually we didn't think this through haha nevermind

>>52610098
Jesus, you couldn't twist that any more disingenuously if you tried.

>>52610098
hello OP, what kind of phone do you have?

chainlink labs not needed

>>52610098
>>52610124
Asking legitimately: do fuders post on multiple crypto oriented discussion boards trying to influence the value of the coin by having people pitch their holdings, or is it really just high school teenagers bored and looking for lols?

>>52610124
Oh yeah? Pic related. He's not saying proof of reserves would have help prevent the FTX fiasco? I'm the one being disingenuous?

>>52610008

You say
>PoR for centralized entities doesn't prove their solvency

Sergey says
>Proof of Reserves is a form of cryptographic truth that solves the solvency issues the cryptocurrency industry is currently experiencing

Who's right then?

>>52610170
>He's not saying proof of reserves would have help prevent the FTX fiasco?
Yes he is.
And he's doing that here too.

>>52610008
TOKEN NOT NEEDED

>>52610235
Oh great then so why not deploy it for Binance?

>>52610305
Sometimes major players insist on learning the hard way.

>>52610044
>My PhD student Yan Ji
oh cool, another piece of tech that CL is gonna buy from Ari and absolutely nothing will come out of it
remember Town Crier, Deco, Mixicles etc
total fucking scam

>>52610324
Yan Ji ate a egg

>>52610320
Ok so they did lose the market and this whole ackshually we can't do it is pure cope

>>52609914
>>52610170
kraken has been doing proof of reserves for years without the need of chainlink

>>52610361
>they did lose the market
what?

>>52610368
Oracles existed for years before Chainlink as well, and now look what happened.

>>52610368
Eat a egg

>>52610377
Chainlink has existed for 5 years going to 6, and look what happened
absolutely nothing

>>52610420
oooooof

>>52610426
>defi
>vaporware
oooof

>>52610444
>chainlink bad because crypto bad

>>52610451
thanks for conceding

>>52610444
Man, you must really hate ETH then.

>>52610008
Grate post ser. The chainlink token is my favorite. Very good token neededo

>>52610482
yes, it's total trash

>>52610486
>opens crypto thread
>knows in-depth information about Chainlink and its academic ties

>”crypto is trash, guys”

>>52610524
He probably forgot he made that comment about Ari, Town Crier, Deco, Mixicles with the same ID.

so essentially what i gather from all this is that the token IS needed. i'm glad i still have a few hundred linkies. never selling my remaining linkies and it costs me nothing.

>>52610547
>knows in-depth information about Chainlink and its academic ties
that means I actually know what I'm talking about when stating that Chainlink (and ETH) are total trash
but keep coping harder

>>52609914
>As such, there will be individual users having negative asset balances.


>be binance
>make some dummy accounts and start up margin positions on bitcoin so the accounts have negative bitcoin balance (leverage it with whatever asset isn't recorded in the merkle tree)
>congrats, you now play around with user deposited BTC supplies and your reserve %s covering them as you wish

lmoa.

>>52610566
I mean, the goyim might eat it up
Nobody cared about POR before FTX

>>52610563
This implies that you have in-depth information about all cryptos, at least the ones in the top 30 or so.
That's not normal for someone who thinks all of crypto is "trash".

>>52610583
how can somebody determine the value of something if he doesn't research it? you don't make any sense, try a different angle

ooooh nevermind now I got it
it's essentially a no true scotchman
>you can't know everything about crypto and not be bullish!!1
pathetic, try again

>>52610597
>>52610612
>”crypto is trash”
>obsesses over Chainlink

>>52610684
you keep shilling, I keep pushing back
are you mad I'm invading your little personal space? lmao
anyway, do you have anything else to offer apart from ad homs?

>10+ pbti daily, in nearly every thread
>doesn’t let chainlink live rent free
lol

lmao

>>52610739
if you're referring to me, I can assure you I don't enter these threads every day, but I lurk almost everywhere except /pmg/
if you are also a true anon you can determine from my format how often I post or not

>>52610689
>you keep shilling, I keep pushing back
You need a hobby

>>52610766
>I lurk almost everywhere
You lurk a board that's 99% dedicated to what you call "trash".

>>52610580
the funny part is i'm sure CZ has no idea if they have the credits covered or not. like, any employee who has actual technical knowledge can make him believe whatever they want.
this tool took vitalik's joke of "bnb going to infinity" seriously and still bragging about knowing better

>>52610827
you need to get better at your "job"
>>52610840
I also lurk /b/ occasionally, so what? instead of wasting hours on instagram or tiktok, I browse through shitposts
it's a very bad look on you when you keep deflecting and focusing on my "ulterior motives" instead of providing any meaningful arguments at all

>13+ pbti spent trying to justify his aggression towards a token no one’s forced him to interact with

lol just close the window and go get a job

>>52610869
My job?
I’m keeping tabs on my investment.
You’re the one with zero reason to be here, other than you’re getting paid to spam fud.

also it is utterly amazing how you people cannot even entertain the possibility that somebody is willing to speculate on crypto to make money without necessarily believing in it
the amount of mental gymnastics you guys go through is truly mindblowing
>>52610895
good, and I'm criticizing your investment, what's the issue?
you're not going to get convinced to sell, so why do you even care? is it because muh concern for newfags? lmao

>>52610890
>pls stop trashing my bags
nah, keep seething

>>52610917
> why do you even care?
Says the faggot who thinks crypto is trash but has 13pbtid in a Link thread.

>>52610961
I like to debate morons like yourself

>>52611002
Get a hobby.

>>52610566
Equity is usually always greater than debt. Your $100 collateral earns you a $60 loan.

>>52611045
get another job, you're terrible at this

>>52574472

Here's another one of OP's threads, he has a distinct recognizable style... he also follows link closely on different platforms, an unhealthy obsession

>>52611050
If anyone's getting paid to be here, it's definitely you.

>>52611050
The irony

>>52611106
>>52611125

>>52611048
hence why i said
>leverage it with whatever asset isn't recorded in the merkle tree

but they can also just use BNB in the dummy accounts, whose supply and price they have almost perfect control over.

>30+ pbti on damage control duty

lol just turn off the internet or tell us why a shiny rock is a better investment or w/e you claim

>>52610917
>the amount of mental gymnastics you guys go through is truly mindblowing
pot calling the kettle black

>>52610597
You're not smart, buddy

>>52610219
Sergey doesn't explain how you can prove liabilities. He's just shilling his PoR solution with false advertisement.

He leaves out the part that your entire balance sheet (like on chain assets of a dApp) needs to be on any blockchain.

Even RWA won't solve this since you cannot enforce what's posted on chain, a company doing shady shit can just not post their debt for example

Verification not needed. I hold 40k btw

the token starts and stops being needed in the picosecond it takes for sergey to click 'Sell' each 6 weeks.

>muh technology
>muh PoR

linkies can seeth and cope, it won't change the fact that their token is simply shit and nobody wants it, it's worse than dogecoin. there's no demand for the token

after 3 days of meager pump it is now dumping again kek

>>52610044
linkies kill link

>>52611304
Why would they get away with this though? An account with negative equity would be a red flag if discovered.

>>52609914
Reminder that link fudders are at peak seethe and hysteria at the moment
>6+ fud threads an hour
>discussion of staking / recent aave link manipulation discovery fills up with gpt4 bot tier discourse spamming the same low iq fud lines
Bizarre and pathetic. Also a massive buy signal.
S and H

>>52612289
how the fuck would it be discovered if only the team responsible for putting the PoR together can see account balances? binance didn't even use a third party to validate the merkle tree, not that they couldn't cheat their way out of that easily.
and again, if they just use BNB laying around (e.g. from the burn-reserves or wherever) to fill the dummy accounts with negative BTC balances they won't even have negative equity.

>>52609914
ANALTWINK BTFO

>>52612434
So creating negative equity accounts allows them an excuse to print more bnb which allows them to do what bankman did legally.

>>52610041
>y.. you're just coping!!!!
lol

>>52610165
have you ever read any other board on this site? good example /v/, people will shitpost for dozens of hours weeks on end about how shit whatever new game is, simply because they deem its too popular. this goes for both normalfag shit (god of war) and things /v/ actually likes (elden ring). now apply it to investments where you actually have skin in the game, and that level of autism gets tuned up to 11.

>>52610097
This was only so they could dump their Chainlink on retarded retail investors. Nothing more

>>52611135
perfect example this 16pbtid autist reads just like a shazaam poster on /v/, nothing but pilpul and resorts to memes when people get bored of them. its literally the same arguments but just investments instead of anime or video games.

>>52610895
Cope

>>52610219
his idea of PoR includes liabilities and customer deposits. you have a half assed por term being thrown around, probably intentionally, by cz and others to avoid the reality. in order for sergey's vision of it to happen, these exchanges would have to have everything on chain and go through an audit, which they likely don't want to do.

>>52610917
Anon, i don't know what to tell you. If you are smart and know about chainlink , what it does right now, and what is trying to become. And it doesn't give you a massive financial and philosophical boner, i hate to break it to you but you aren't smart. You just think you are.
Chainlink is a filter, you get it or you don't. We aren't wrong, it's just that we were supremely retarded thinking the world would realize what we did given enough time. Now i know some(most) people will never get it, but that won't stop then for using the system without them even knowing. Thats what gonna make us rich and powerful. It just takes time.

>>52612646
I’ve noticed a distinct similarity between the fud against Link and the fud against Elden Ring.
Both projects are held to completely different standards from the rest of their industry, like
>so what if Elden Ring has more enemy variety than pretty much any game in history, it’s still not enough

Or
>so what if all games reuse models and tiles, stop with the whataboutisms!

And you can never pin them down, they just keep hopping from one retarded argument to the next for hours and hours.
The Elden Ring fud is paid for by competing devs (Horizon, Borderlands, …), and Link fud is paid for by Chainlink competitors and haters.
There are probably foreign companies offering these services, much like how Twitter employed third wolrders to enforce the anti-rightwing suppression policies.

>>52609914
Lmao chainlink lets developers call evm data feeds token is NOT needed Lmaoo just wait until ic canisters call Chainlink feeds and don't use eth l m a o

SAY IT AGAIN LINKIES

>>52610008
Turns out the only thing DEXes should be used for is as fiat on and off ramps.

>>52613035
it's not just exchanges either, there's liquidity providers and custody providers
the idea that exchanges should hold all their assets in a cold wallet and hot wallet combo is outdated and unsafe in terms of security

>>52611135
>6 hours spent trying to fud link
>can't put forward a single argument, or even make up something that sounds half-convincing
Lmao where do they get these jenkem huffing bargain bin fucktards from? Jesus christ I miss 2018 fud so much bros.