/biz/ - Business & Finance

>>55960391
Kemal El Mujahideen said it, not Sergey
https://www.linkedin.com/posts/chainlink-labs_why-every-business-will-have-a-web3-strategy-activity-7035686624554352640-VF3P

>>55960391
Bumperino

>>55960522
Thank you!

Might as well keep on dumping memes and whatnot

You know how I know chainlink is going to lose? They want to improve the relationship between businesses and users by achieving probably fair outcomes, they think users will demand this. In reality most users are retarded and there’s no incentive for business owners to implement such a thing as probably fairness, it’d working against their own self interests

>>55960671
The cost savings to businesses combined with the increased appeal to customers of increased confidence will ensure businesses who do not implement this technology will not be in business for very much longer. You're basically arguing that old school businesses wouldn't adopt Web 2 tech. How are those businesses faring now?

>>55960671
By creating an environment where people are forced to play fair, you remove risk and this is more appealing and safer overall than trying to exploit others.

The DeFi industry has demonstrated it's incredibly profitable overall if everyone cooperates with each other and banks, according to Sergey, will pay hand over fist for guarantees to reduce counterparty risk as much as possible.

>>55960671
Schmidt doesn't bet on losers

>>55960586
Why does this make me cry, specifically when I read "From your freind, Sergey"?

>>55960719
schmidt is a loser

>>55960391
>retards falling for these larps from 5 years ago to keep bagholding

kek

>>55960762
In what regard?

>>55960522
https://www.youtube.com/watch?v=CfUsCz2F6yI

Finally got to where he said it, starting at 59:25

>>55960746
Because you recognize how far we've come and now we're about to start a new chapter in your life in the world of blockchain now that Chainlink has now begun to Link every chain in existence.

>>55960830

>>55960710
>The cost savings to businesses combined with the increased appeal to customers of increased confidence will ensure businesses who do not implement this technology will not be in business for very much longer.

>>55960713
>By creating an environment where people are forced to play fair, you remove risk and this is more appealing and safer overall than trying to exploit others.

As if Sergey could solve that massive game theory problem. You’d basically need to force adoption for all companies instantaneously, that ain’t happening. Being able to scam normgroids out of their money with no consequences is a thousand times more valuable than an insignificant cost saving of a couple percent. Sergey rambles over and over about letting people decide what’s best for them and ask for probably fairness, breaking news, normies don’t care about it.

>>55960719
Daily reminder that Schmidt drove one of the companies he was CEO of to bankruptcy. What a WINNER!

> But Novell's decline and loss of market share accelerated under Schmidt's leadership, with Novell experiencing an across-the-board decline in sales and purchases of NetWare and a drop in share price from US$40.00/share to US$7.00/share

>Novell’s stock went from $40 to $7

hmmm… looks familiar

>>55960854
>As if Sergey could solve that massive game theory problem. You’d basically need to force adoption for all companies instantaneously, that ain’t happening. Being able to scam normgroids out of their money with no consequences is a thousand times more valuable than an insignificant cost saving of a couple percent. Sergey rambles over and over about letting people decide what’s best for them and ask for probably fairness, breaking news, normies don’t care about it.

Have you tried any kind of DeFi products? The ease of access to it and the returns make it too good to pass up. Getting a loan as a retail user with zero credit versus getting a loan via crypto is night and day in terms of experiences. It took me 3 weeks to get a loan via a bank. 10 minutes through crypto where 8 of it was spent trying to understand the UI.

>>55960719
Schmidt is financially invested he's just an advisor.

>>55960719
Schmidt was paid $1.25million/minute to talk about the future without mentioning chainlink.

>>55960877
dunno why you seriously engage with someone who is obviously being a disingenuous retard
thats the whole point of why he's here i guess
to make you waste energy deconstructing shit he already knows he's lying or spinning

>>55960877
>Getting a loan as a retail user with zero credit versus getting a loan via crypto is night and day in terms of experiences.
That’s because they’re new companies that haven’t been burned bad enough to implement legacy fintech’s policies. If they’re successful (big if) and can remain operational 10 years or so I doubt they’ll have the same policies. See: PayPal’s policies

>>55961097
>proceeds to post nothing of value
Humph… sorry incel, but you’ve been disregarded by… me! Try posting something useful next time

>>55961097
fair point.

>>55961592
I take that as a "no". You'd have other criticism to make if you did from trying out a lending protocol as opposed to your current one of "it hasn't been exploited and blown up!" when we had years of major exploits yet core ones I'm speaking of remained resilient.

>>55960391
He and Kemal say it multiple times, specially Kemal in his last couple of appearances.

>>55961631
Care to provide a few examples of said defi apps that are changing the world? I can certainly give you some alternatives for legacy companies and explain why they probably won’t be successful in the future, and if they are, they probably won’t be using chainlink. Successful companies thrive on being able to fuck over their customers, never forget that. Take a look at insurance denials below, you’ll understand:
https://www.kff.org/private-insurance/issue-brief/claims-denials-and-appeals-in-aca-marketplace-plans/

They keep getting customers and fucking over a good chunk of them, because it’s profitable, now if you were the owner of said company why the fuck would you stop being able to fuck over normies VOLUNTARILY??? What would make you implement chainlink?

If a new insurance defi company uses Chainlinks assurances, they’d be destroyed by legacy companies so fast it wouldn’t be funny, so please help me understand, why would legacy companies use chainlink? Pleas illuminate me

>>55961718
didn't read anything you've posted
flush yourself down the toilet swarthlet

>>55961772
>useless comment
Heh… very sad

>>55961631
dismissing the fact that DeFi loans from shady, illiquid protocols is literally suicidal, do you unironically believe (((they))) will allow DeFi to keep operating as is, when they constantly talk about regulation?
are you seriously that naive?

>>55961718
>Care to provide a few examples of said defi apps that are changing the world?

It's not even a few defi apps changing the world, it's the access of blockchain tech in general that is changing how people do transactions. People in Africa are using Binance to get paid in US stablecoins over their own currency. Pic related talks about what banks are working on right now while they eagerly wait for regulations to be sorted out so they can connect to Aave (here, an example for you.). And lending is a MASSIVE industry that is easily poised to be disrupted by blockchain tech. A big hurdle right now is that only overcollateralized lending is viable and that can be solved by Chainlink's DECO to allow people to use their credit scores for undercollateralized loans.

You have to try this for yourself so you can understand it.

>>55961793
>dismissing the fact that DeFi loans from shady, illiquid protocols is literally suicidal,

I've taken out and paid back loans from solid protocols. And (((they))) can try and but they're not going to be able to stop what's already deployed on the blockchain.

>>55960586
>>55960746
I once wished for such a happy future, but the world was far more corrupt than previously thought possible.

Maybe this will manifest for some lucky ones, but I won't be satisfied with such a result.
I didn't build anything, but wasted immense amounts of time and energy following a project for which I had no control or ownership.
A failure for an entrepreneur aiming for freedom.

>>55962159
>Distributed ledgers do not require tokens to reward network participants for processing transactions or to secure the network because participants already have skin in the game - their reputation.
This is quite bearish for public chains, or it shows a lack of understanding of the value of blockchains and decentralization.

Having skin in the game and a monopoly over your network is like saying that you can continue the previous scam and hope people won't notice the abuse of power because you have a " brand reputation".

The reason to reward participants in your network is to ensure decentralization and a high trust network.

I would also argue that meme coins are not crypto, but that everything which brings real value is, including tokenized assets.

>>55960877
>the returns make it too good
maybe if you need to generate a lot of losses, lol

>>55962161
Yeah same, I feel like a massive fucking lover for spending the last 5 years searching for le epic breadcrumb for a project I have nothing to do with. Even if we make it, which looks pretty doubtful at thus point, I won't really feel like I deserved it. I need to do something with my life asap and stop focusing on this bushit. As it is now, aside from all the link I staked which I can't access, I'm financially way worse off than when I first bought link.

>>55963204
Loser*

>>55962159
>solid protocols
there are none though, even those Powered by Chainlink™ are absolute horseshit, but cool larp

>>55960671
typical ESL nonsense.