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/biz/ - Business & Finance


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56850434 No.56850434 [Reply] [Original]

Chainlink is making another apex move
And, as usual, the space is too stupid to understand

Ever wonder why a cash cow like google does things like fiber?
They're capital/labor intensive and they don't make nearly the money that their core businesses do

In the same vein, it makes no sense for chainlink to invest in an execution layer like BBCA
The L1 blockspace/execution market was always a scramble to the bottom, just like bandwidth
So why dominate the intrinsic monopoly, highly profitable parts of the stack and then backtrack and go for execution?

It's all about platform vs company. If you're a company your goal is to dominate verticals. If you're a platform it's to facilitate novel applications and have them fully, completely, wholly owned. And in a way that they don't really care.

So guess what's going to happen to BBCA? Are they gonna release the best L1 and then just let the market decide?

Nope

They're gonna give it away for free.

And let me be explicit: input and output data will always cost you dearly. Offchain compute will always be under a DON. Crosschain, deco, fss, por, all the intrinsic monopolies will always be the cash cows. But the true primitive (simple token/value transfers) that arise from all of the above will be free. Assuming, of course, that you're under the chainlink umbrella. Which means that you have every incentive to support chainlink being a monolithic monopoly. From financially to politically to ideologically. This is the kind of shit Schmidt was brought on for.

Expect the same long testing and beta periods of all their other products. But BBCA will also be the standard, just like everything chainlink does.

>> No.56850451

>>56850434
>incel manifesto length no pooler cope the movie

OH YEAH WELL HOW YOU BE STAKIN' WITHOUT LPL CHAD???

POOLS CLOSED BASED LPL CHUDDIE KIDDOS STAY WINNING BE STAKIN' YO DAWG WUT UP

>> No.56850489

>>56850434
>the space is too stupid to understand
dumbass their is enough breadcrumbs from 2017. People understand, their is no incentive to holding link

>> No.56850512

>>56850434
Idk what all that shit means but look if this coin doesn't reach $20 this month im switching it to BTC enough is enough

>> No.56850544

>>56850434
Imagine what this unlocks:
We currently think of two online worlds
The important value world that has lots of security like banks and healthcare
And
The stupid scamweb where the loudest voices dominate

Just like CCIP links private legacy chains with public decentralized ones, the advent of effectively zero cost value transfer makes the scamweb a leftover relic like usenet or FTP.

A social network where people can attach value to their statements will eventually capture all of the valuable people. And then the choice will be to use it or be cast out to old networks containing nothing but scammers and pedophiles.
Online purchasing can be done with only verifiable real world feedback and weighted by the peer rated value of that feedback.

Even today, about half of the excess inflation adjusted value of the working man is parasitized by rent seekers, administrators, regulators and other non value adds. In a world where the overhead for trust is minimal, those are left in the cold.

Just like their are market cycles of euphoria and depression, there are societal cycles of hyperjudgemental purity and bacchanalian filth. We're at the blow off top of the latter, and depending on your perspective, the bull or bear is about to begin.

All thanks to the fatman in the nail shop.
When you finally start seeing it and realize what's really happening, don't forget to thank SN.

>> No.56850546

>>56850434
>They're gonna give it away for free
What an insanely great idea. Holy fuck, they'd kill everything else in the space except Bitcoin.
Is this actually a possibility or something you made up? Are you an insider?

>> No.56850603

>>56850434
>Expect the same long testing and beta periods of all their other products
They gonna release the beta mainnet in 3100
>But BBCA will also be the standard, just like everything chainlink does
Doubt. They are too slow for that.

>> No.56850648
File: 224 KB, 2048x1748, 1667482828049986.jpg [View same] [iqdb] [saucenao] [google]
56850648

kek baggies

>> No.56850653

>>56850434
A while back there was this one anon who supposed that the BBCA layer was going to be used as a sort of "golden record" for DON data or something like that. But what you're saying here makes much more sense. Just so you know, I really enjoy your threads. I only have one question for ya...

Are you happy to be here?

>> No.56850699

>>56850544
Anon, I have seen it for many years. It had to be him. I'm still shocked that something like this is being allowed to come into existence. Sometimes I think that's only because it is taking nearly every soul by surprise. A trojan horse, promising clean efficiency and extreme value.

>> No.56850831

>>56850451
>OH YEAH WELL HOW YOU BE STAKIN' WITHOUT LPL CHAD???
With my v0.1 allocation my dear chud

>> No.56850856

>>56850434
>>56850544
>>56850546
Does this mean that Chainlink and its agenda were the real Ethereum killer all along?

>> No.56850861

so what does this have to do with Everest being the only project that can legally tokenize RWAs??????

>> No.56850869

>>56850653
What is the BBC layer?

>> No.56850879

so you're saying that chainlink created BBCA to kill eth for good?

>> No.56850884

>>56850879
WHAT THE FUCK IS BBCA

>> No.56850888

>>56850884
big black cock anal

>> No.56850908

>>56850884
Big Black Cock Accepted

>> No.56850918

>>56850888
checked

>> No.56850920

>>56850884
>>56850869
https://blog.chain.link/bbca-chain-single-broadcast-consensus-on-a-dag/

funny some anon posted something tha tlooked like a new pasta saying bbc protocol would release, everyone dismissed it then out of no where in august we got BBCA

>> No.56850922
File: 513 KB, 1200x1200, R0xEHVq.jpg [View same] [iqdb] [saucenao] [google]
56850922

>>56850884
we are so early

>> No.56850935

>>56850908
which will then be converted to LINK

>> No.56850956

>>56850920
so LINK is creating it's own blockchain called the BBC chain? fucking kek

>> No.56851001
File: 2.17 MB, 1528x1148, 0004.png [View same] [iqdb] [saucenao] [google]
56851001

>>56850434
based and comfy.

>> No.56851435

What are the intended use cases for BBCA? Does it help horizontally scale blockspace? Is it suited for app chains? It it just more transaction throughput and lower latency?

>> No.56851519

>>56850434
It's ironic that you think you're so clever with your long winded explanation of, yet another, useless Chainlink Labs product with no customers nor real use case. Here's what YOU'RE too stupid to understand, JSYK:

Chainlink Labs' entire business is the following:

Attract people to buy a token they've printed out of thin air by teasing a variety of highly academic "products" that have no real world utility, application, nor adoption. Use this capital to pay the high salaries of a variety of academics who have never produced a commercially successful product.

A great example is Kemal from Tensorflow. Tensorflow didn't create a single viable commercial product despite being HIGHLY capitalized. They were beat to market by OpenAI and will never catch back up. The person spear heading that project jumped ship to receive a high salary position at a company doing something very similar.

I don't even deny that Chainlink has some "impressive" academics on their team but can we stop trying to pretend they've created anything useful? It's literally all products with no application with the interesting "requirement" of somehow tying a blockchain token into the functionality.

I say this from the perspective of many years of experience in this space where we can build a variety of cool and interesting products but there is always a retarded business requirement to include some "token" in the equation that is used to take advantage of the ignorance of people like OP who are the financiers hoping to make money off of this useless product.

I'm tired of this shit boyos.

>> No.56851549
File: 1.09 MB, 851x1947, IMG_0063.jpg [View same] [iqdb] [saucenao] [google]
56851549

>>56850434
Based. Thanks Anon. Added to the info/lore folder.

>> No.56851550

>>56850434
>So guess what's going to happen to BBCA?
It disappears in a fart of dust like town crier and deco (2 more weeks patriots) and innumerable other Sergey micro scams

>> No.56851563

>>56850544
>A social network where people can attach value to their statements will eventually capture all of the valuable people. And then the choice will be to use it or be cast out to old networks containing nothing but scammers and pedophiles.
>Online purchasing can be done with only verifiable real world feedback and weighted by the peer rated value of that feedback.

GUYS! TRUST ME, THIS IS DEFNITELY THE FUTURE! EVERYONE WILL HAPPILY BUY CHAINLINK TOKENS TO PAY FOR EVERYTHIGN THEY CURRENTLY GET NOW FOR FREE!

The entire crypto space has become so tiresome beyond bitcoin. How many cycles of broken promises and bull shit can you possibly go through and keep coming back for more and believing a new narrative that didn't even exist...two weeks ago

Every two years it's something new. This time it's definitely changing the world, huh? Those carbon credits settled on Polygon are gonna revolutionize everything :)

>> No.56851620

>>56851550
This. I saw an anon unironically shilling DECO on pol yesterday trying to get people there to be additional paypigs. He was quite literally a phd in Chainlink marketing materials, quoting it all with zeal.

>paper promises
>cryptographic truth
>hybrid smart contracts
>ANZ carbon credit PoC

It is bizarre that these faggots continue to believe everything despite the ever changing, nebulous narrative. Not long ago, DeFi was going to become the defacto, improved global financial system. Now banks are going to use blockchains and DeFi to take advantage of public chain liquidity (this seems to be the narrative). When this doesn't happen (it clearly won't: JPM isn't going to be yield farming Cum Rocket on Trader Joe.xyz), I wonder what the next narrative will be.

I guess we'll just have to wait for BBC now to unlock the TRUE value of:
>functions
>CCIP
>Proof of Reserves
>DECO
>Mixicles
>Town Crier
>VRF

And the litany of other world changing innovations. This pol anon literally said "Chainlink is the most important invention in the world in the past 20 years". Amazin'

>> No.56851632

>>56851563
Implying normies will ever even know they're using chainlink. Implying "free" things don't extract their value from you in other ways. How many normalfags who haven't worked in banking have ever heard of swift? Literally zero. Absolutely nothing will change from the normie perspective and chainlink will power everything.

>> No.56851653

>he goes on /pol/
you should've started with that then i wouldn't have wasted my time reading all that drivel

>> No.56851686

>>56850699
Saturn ruled the golden age

>> No.56851702

Chainlink is built for bbca

>> No.56851703

>>56850856
Why do you think Vitamin Buttmad always hated Sergey

>> No.56851780

>>56851632
I've heard this argument a lot too, and it is BS. What "value" is extracted from the average user of Google's services? Small, irrelevant amounts of time in viewing ads and information to tailor ads to those users. The amount of people who would prefer to pay for those services instead of exchanging info is negligible.

This is the problem with people in tech, especially in crypto. They're all morons with no experience in the real world who have only created subsidized products that don't generate money. Literally no one is going to pay for Chainlink's oracles. It will only ever be used in proofs of concepts (which are quite literally marketing materials to associate BIG BRAND NAMES with chainlink to sell their token). You cannot argue against this because that is the truth. All you have is some hypothetical future world as an argument and we all know that isn't going to happen. I would have more respect if you said "Yes, all of this shit is nonsense, but I hope to take advantage of stupid people for my financial gain because it is my best opportunity."

Chainlink DOES NOT need its own token even and anyone who argues it does only has a handful of reasons to cite as to why they do and will always default to sharing some post by Vitalik and say "Oh, so you're smarter than Vitalik?" to shut down the fact that they are spewing bull shit. It is all so tiresome and I just wish there could be some honesty in the world: just admit you cannot contribute value so your greatest opportunity is scamming people out of their money.

>> No.56851797

and here i am still waiting for mixicles and staking

>> No.56851810

>>56851780
Not reading your essay because I can immediately tell you missed the point entirely and probably intentionally. You're a retarded faggot.

>> No.56851863

>>56851810
Ok, you're a lazy faggot lacking the attention span to spend 1 minute reading something, I don't want to engage you anyway.

I'll happily have an honest discussion with anyone who isn't a low-attention-span retard ITT: >>56851849

>> No.56851913

>>56851863
I read your first essay, it's not worth reading another if you're just going to blather on about whether or not free things are really free. That's not relevant. Chainlink will power everything. Normalfags will continue to never hear of it or have any understanding of what they're using.

>> No.56851963

>>56851435
It's for the Off-chain reporting, basically how nodes talk to each other, reach a consensus before pushing it on Ethereum.

>> No.56851985

>>56851797
Biggest no pooler cope I have read ITT

pools closed kiddo based chuddie kiddos!

>> No.56852005

>>56851963
OH YEAH WELL OKAY THEN CHAD BUT HOW WILL OFFCHAIN NODES COMMUNIKATE WITHOUT LPL???

WHICH NODES WILL THEY TALK TO?

HOW WILL THEY MAKE THAT IMPORTANT CALL???

HUH??

HUH???

POOLS CLOSED KIDDO

SEEEEEEETHE HA HA HA

>> No.56852033

>>56851985
>>56852005
BRO srs STOP USING OUR DEAD NAME

we SDL now. pools open. everyone is welcome as long as they are based transfriendly lefties!

>> No.56852044

>>56851863
It's funny that you think your arguments are novel.
>token not needed!
>you still have to trust the API!
>caymen Islands!

We've been over this so many times. Trenches are dug, we're all in place. Now we all just wait and see.

>> No.56852055

>>56851863
He's right, though. The tone of your post and the standard, lazy way you began waffling a load of shit was a dead giveaway. Holy fuck, anon. You can't even fud well. What does that say about the rest of your life? Up your game or do something else, preferably. You're crap at this.

>> No.56852067

>>56850831
If you don't know that he knows that and he's being INCREDIBLY sarcastic than you're retarded. He's lampooning the idiots who said such things last year.

>> No.56852090

>>56851519
>A great example is Kemal from Tensorflow. Tensorflow didn't create a single viable commercial product despite being HIGHLY capitalized. They were beat to market by OpenAI and will never catch back up.
Way to out yourself as a seething midwit. Tensorflow is ML. ML is not the same as AI or LLMs. Tensorflow never aimed to do what openAI has done. They aren’t competitors, just like apple and ford aren’t competitors. You are just too dumb to understand the difference.

>> No.56852093

>>56852033
SDL WAS ALWAYS AN IQ TEST CHUDDIE KIDDO!

SDL WILL NEVER BE A REAL TOKEN!

YOU HAVE NO REVENUE SHARE NO REAL CONNECTION WITH THE BASED LPL TEAM NO NODES WILL MOLEST YOUR SOCKETS!!! HA HA HA

SEETHE!

POOLS CLOSED

>>56852067
NO POOLITE COPE DETECTED SEETHE!

NO POOLERS ARE BASICALLY CATTLE AND SHOULD BE EXECUTED IN PUBLIC BY CULTURAL ENRICHERS!!!

>>56852055
LATEST NO POOLER COPE JUST DROPPED BASED KIDDOS CHUDDIE!

POOLS CLOSED HA HA HA MISS OUT?

SEETHE. LPL

>> No.56852106

>>56851913
>Chainlink will power everything

What does that even mean? That people will pay for everything with the chainlink token? Why would they do that? I'm happy to pick apart whatever fantasy world you've painted in your mind.

>> No.56852118

>>56851780
Should I abandon the DECO use cases for my SaaS product? Currently I pay a team of about a dozen people $14/hr each to perform manual verification of customer information, but I can replace them all with DECO once it goes live. This provides faster, more secure processing for my customers and it reduces my costs significantly but now I hear I've been pulled in by an elaborate ruse. Unfortunately the solution has already been built and tested so now I don't know what to do. Please help. Thanks.

>> No.56852172

>>56852090
What are you talking about? AI is machine learning. LLMs are machine learning. Tensorflow is essentially a set of libraries for creating machine learning applications: optimized activation functions and bla bla bla. I'm not a ML engineer, but I'm a software engineer and I've messed around with plenty of ML hobby projects and have used tensorflow plenty of times. You're trying to make some kind of stupid semantic argument to discredit what I'm saying. Very disingenuous. Let's start simply with this:

My argument is that Chainlink has created a bunch of completely useless products that no one uses in order to justify selling a useless token that they're trying to force into applications by using highly academic arguments of "cryptoeconomic security" but are, in fact, making it up as they go along. They're realized that a fundamental requirement is figuring out how to include this token into an overall architecture that doesn't necessitate the token in order to justify selling the token to enrich themselves and pay their salaries.

I, as a Chainlink holder myself, believe that you have willingly deluded yourself against this reality since your best hope in life of improving your financial situation is the Chainlink token pumping and you are letting that get in the way of reality. As long as the token rises in price, you'll become even more convinced that you were right, but the fact remains that you WEREN'T right. You just profited off of a shitcoin that is fundamentally no different than doge coin. I at least respect doge coin shills because they are honest and don't try to dress up their shitcoin with a bunch of other BS.

>> No.56852213

>>56852118
>Once it goes live

I'll be very happy for you if, once it goes live, DECO is able to improve your product such that your revenue increases and your spending decreases. I'll be truly happy for you, but I'm not interested in discussing a hypothetical future that is perpetually "soon." We can only speculate as to the economics of DECO right now, how easy-to-implement it will be, etc. If buying a highly volatile token to gain access to an API that obscures certain info helps your business that much though, that's great for you.

That being said, if you want to have a good faith discussion about your product, I bet I could come up with a solution that doesn't involve DECO.

>> No.56852221

>>56852172
LMAO LOL EVEN OKAY CHAD WELL THATS A GOOD POINT BUT HOW WILL THE AI EVEN COMPUTE WITHOUT LPL WHICH NODES WILL THEY COMPUTE WITH????

POOLS CLOSED SEETHING CHAD DID YOU MISS OUT???

>> No.56852230

>>56852172
You are a brainlet. AI uses ML, not all ML is created for the purpose of making a LLM. Keep embarrassing yourself faggot.

>> No.56852390

>>56852221
kek is dabbing on you, so many posts and not even dubs once.

>> No.56852442

>>56852213
>I bet I could come up with a solution that doesn't involve DECO.
How can I can prove the prove the provenance of a particular piece of customer-provided data (i.e. prove that the data came from xyz.gov), while at the same time ensuring for the customer that I'm only selectively obtaining the one piece of their personal information from xyz.gov that they've given me consent to check? What is your alternative solution?

>> No.56852644

>>56852093

BASED GIGACHAD LPLER HOW YOU DOIN? KIDDO?

POOL IS OPEN!

>> No.56852698

>>56852230
Please show me where I said or implied "All ML is created for the purpose of making an LLM"

>>56852442
Honestly, I don't know, you'd need a complicated piece of software. If that's the application you're waiting for, I hope you realize you'll likely be waiting for a very long time since this specific application necessitates both the goverment agency to have an API that integrates with this hypothetical DON and vice versa. Merely ipso facto that DECO itself doesn't even exist yet as a real product, you're talking about a product that is likely, pulling a number out of my ass, 5 years away at best?

There are so many assumptions to be made that I could architect a solution, but it would be dumb because it requires assumed collaboration and access to this goverment database. Off the top of my head, I could create an onchain profile for each user that selectively reads data into some 6551-based profile and then use that onchain data as provenance. But again, your situation requires way more than just software.

>> No.56852744

>>56850653
They, Golden record for DONs and Cybercode 2.0 (which this one is basically repeating) can both be true. An initial use case would be for DONs to have a ledger to record their actions, basically infrastructure for their reputation system. Then Chainlink provides ready made blockchain deployment for legacy businesses to get them a quick ready to go package to deploy their Web3 strategy.

>> No.56852803

>>56852698
You are clueless about how any of this works. You should stop embarrassing yourself and go study.

>> No.56852826
File: 100 KB, 720x720, 05cf460a50f0db3a52a2587efc1298b0.jpg [View same] [iqdb] [saucenao] [google]
56852826

I'm feeling the BBCA inside me

>> No.56852850

>>56851563
>A social network where people can attach value to their statements will eventually capture all of the valuable people. And then the choice will be to use it or be cast out to old networks containing nothing but scammers and pedophiles.
>Online purchasing can be done with only verifiable real world feedback and weighted by the peer rated value of that feedback.


You're a fucking dumbass to even attempt to argue this. Google and other social media platforms already makes a killing targteing normie cattle who have 0.5 cents in their bank account through adbased clicks, and other social graphs. As much as I hate the AI blockchain buzzword soup connection, if AI can genuinely create content indistinguishable from actual humans in the future, valuable users will can only be distinguished through monetary value as opposed to "talented" creations that we have today. Think of it as internet age old money. Thats why you make a bet to get into the monetary system early, i.e. now.

Imagine adding the ability to target based of monetary value and recorded transactions of every day life.

>Where does chainlink play into this?
I don't have the brain power to fully think of every avenue, or care to type it all out but blockchain is required at the minimum and its really the only alternative to the financial system we have currently today. Chainlink is essentially a bet on actual blockchain adoption so I'll leave it at at.

>> No.56852933

>>56852850
>Chainlink is essentially a bet on actual blockchain adoption
Yes

>> No.56853052

>>56852803
>Anon says he needs a complicated piece of software to automate away his $14 per hour drones
>Says that a complicated piece of software, DECO, helps him solve this
>Gives a very specific example of verifying data from a goverment database where, presumably, he's using these drones to verify data is accurate
>Give complicated software solution description

>YOU DON'T UNDERSTAND HOW ANY OF THIS WORKS YOU NEED TO GO STUDY

What?

>> No.56853072

>>56852850
I don't even follow what "argument" you're referencing that I attempted to make. My argument was that people are not going to opt to pay money for a service that is, effectively, free for them now.

>> No.56853157

>>56850434
shut up holy shit

>> No.56853899

>>56852698
When you said OpenAI beat Tensorflow here
>>56851519
They are entirely separate ideas. Now you are proving yourself to be a disingenuous midwit. Theres no way you forgot where this verbal beatdown started already. Keep digging that hole deeper fud faggot.

>> No.56854168
File: 407 KB, 1125x1594, E755CFC9-1B96-4449-B817-9333414D3DB2.jpg [View same] [iqdb] [saucenao] [google]
56854168

Why is Link the only major crypto below it’s 2020 price?

THE Cuckolds or crypto. Nobody enjoys taking it up the ass more than the cult

>> No.56854212
File: 759 KB, 1121x1993, 20CD6ABA-4EB7-49AB-8036-EAD1DC026194.jpg [View same] [iqdb] [saucenao] [google]
56854212

>0 revenue
>$5B retail fundraise via dilution
>1,000 employees
>duuuuuuuuuuuuuuuuuuuuuuude its LE SECRET

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAA….this makes Enron look like peanuts

>> No.56854338

>>56852106
I have a couple of 80 watt incandescent lightbulbs. Prove that chainlink will not power them.

>> No.56854380

>>56851563
Ego is the anaesthesia that numbs the pain of stupidity

>> No.56854723

>>56854168
I bought all my link under a dollar. Over the time that i have held, it has outperformed both ETH and BTC. Seethe harder about it.

>> No.56854835

could someone
just
give me some examples of what staking will actually secure

>> No.56854849

>>56854835
The ETH/USD price feed.

>> No.56854867

>>56854849
doesnt this imply every other feed is not secure?

>> No.56854881

>>56850434
They are going to use it for their OCR3.0 implementation to increase the decentralization of their off chain execution to give it blockchain like properties.
Another possibility is that they are going to use it for CCIP transactions to improve the block explorer and make CCIP into its own blockchain.

>> No.56854888

>>56854867
Indeed. That's why Link will only pump when the full version fo staking is released.

>> No.56854921

>>56853899
By that I meant OpenAI beat tensorflow to actually creating a marketable, viable, useful product that generates revenue. Tensorflow has no business model even and I guarantee burns a big hole in Google’s pocket because it is a bunch of academics doing research…many parallels to Chainlink Labs which is comprised of people who are illustrious professional academics.

Despite Sergey’s marketing ploy of not trusting “brand names” and a bank’s impressive marble foyer” he’s done everything he can to align himself with brand names to create some unearned confidence.

I’m not interested in having a conversation here with a bunch of people incapable of having one. This is how this thread has gone essentially:

>No one uses Chainlink oracles
>HAHA WTF FUCKING RETARD CHAINLINK MAKES ORACLE NETWORKS NOT JUST ORACLES YOURE FUCKING RETARDED

>OpenAI made a financially viable LLM and Tensorflow has just done research and make dev tools
>LOL TENSORFLOW DOESNT EVEN MAKE AN LLM WOW YOU DONT KNOW SHIT

It’s like speaking to someone where if you don’t formulate a message with the exact nuance that they’re willing to accept, they’re unwilling to engage. This is why I find all these Linkies nowadays to be tiresome idiots and pushes me to think they truly believe in all this bull shit.

I admit I hold Chainlink to profit off idiots like this

>> No.56854978

>>56854921
no you don't, bizlets don't bring volume and are useless

>> No.56855088

>>56853072
Plenty of ways that very thing can happen. Are you stupid? No one used to pay for water either. Now they get a monthly bill or *drumroll please* its rolled into their rent bill. Gee I wonder if link token transactions will be abstracted away? Paid for by ISP or Google or Netflix or Chase Bank or what the fuck ever service provider who uses your subscription fee or interest rate or other bill they send you to buffer the cost? Hmmm...
Meanwhile you:
>it just wont happen OKAY?! It just CANT!!

>> No.56855141
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56855141

After years of doubting, I finally bent the knee. I've accumulated 1k stinkies

I can rest easy now, the hard work is done

>> No.56855391

>>56850434
>token/value transfers that arise from all of the above will be free
how come they are $50 then?

>> No.56855432

>>56855088
I'm not saying it is impossible...just that it is unlikely. I don't see anything that Link offers at this point that really helps any businesses in a viable way. I'm tempted to screencap this thread and reference it in the future when the narrative changes yet again.

Not long ago the narrative was of an open, decentralized financial system where everyone can participate. Now it has shifted to something along the lines of "the financial system will be exactly the same and no one will even notice that it changed...it's just that banks will use blockchains instead of their existing software and Chainlink will help them all communicate instead of existing protocols"

Sure, that is possible, but I don't view it as likely. I strongly think there will be a narrative shift when none of this comes to fruition and I'm interested in seeing what the next quadrillion dollar use case for Chainlink's invaluable services are.

Genuinely curious: have you ever met someone who uses Chainlink services?

>> No.56855447

>>56854978
You're right, I didn't bring volume. I put around $10k into it years ago

>> No.56855475

>>56855447
you aren't "holding it to profit off idiots" while simultaneously spending hours writing paragraphs about how no one uses chainlink services

>> No.56855532

>>56855432
>have you ever met someone who uses Chainlink services?
Every person I have ever met has used Swift services, and Swift are on the cusp of using Chainlink in a very big way. If you don't see that as an investment opportunity then you're a silly boy. Ofc we all know you hold lots of Link, so it's a moot point.

>> No.56855829
File: 91 KB, 1000x654, only2.jpg [View same] [iqdb] [saucenao] [google]
56855829

>>56850546
Yes this why there are only two assets you should be holding in a crypto portfolio. Few understand

>> No.56855902

>>56855532
>Swift are on the cusp of using Chainlink in a very big way

I've only seen Swift use Chainlink for proofs of concept. If that's true, I win either way, but I don't believe it and I think it is entirely a marketing ploy. Just as I believe the Citi paper and all of these other collaborations are marketing ploys.

>> No.56855952

>>56855475
Yes, I am. I've made a lot of money off of shitcoins...not because I believe in their marketed utility. I used to think Chainlink was different than any other shitcoin, but at this point I realize that it was just a different kind of marketing strategy.

My biggest return ever still is from getting into ETH early, but at least people use Ethereum daily and you don't need elaborate mental gymnastics to explain the reason for the token. My second largest return ever was XLM. I bought Chainlink around 30 cents or so and regret not selling all of it above $30.

I'm not sure if you're suggesting I'm trying to fud to bring the price down, I'm not. I very much hope the price rises so I can dump my last 24k tokens.

>> No.56855954

>>56855902
you spent your entire sunday afternoon in this thread

>> No.56856013

>>56850434
You know, after going through everyone's thoughts, it got me thinking about something. What if that BBCA layer is like their secret sauce to finally woo banks into the world of smart contracts? Remember that time when Sergey was chatting with those regulatory bigwigs at SIBOS? They grilled him about CBDCs, and he pretty much laid it out there – he's not a fan of giving central banks and governments the keys to reshape our social contract with programmable money. Instead, he's all about letting banks keep some control using depository tokens.

So, here's the twist – leveraging Chainlink's already massive presence, he could roll out a one-stop-shop suite of smart contracts, tied into their existing services. That way, banks get to call the shots by creating and using those depository tokens instead of going the CBDC route. Plus, it makes Chainlink the go-to network for shaping how these banks craft their tokens, which ultimately makes Chainlink the main influencer of our social contract.

I mean, am I off the mark here, or does this sound like it could make sense to you anons?

>> No.56856023

>>56855954
I gave up on my dreams of becoming a Smart Contract developer. I tore up my subscription to Patrick Collins Dev Camp and next year at Whistler I will fucking send it. Sorry it had to come to this. Maybe after I paralyse myself I will return to being a lazy good for nothing Smart Contract developer but at least my mom won't be embarrassed when she learns her son is going to fucking send it next year at Whistler. Right now she tells everyone I work at an Indian call center to save the family from the embarrassment of having a Smart Contract Developer in the family. Fuck Smart Contracts and F U C K Patrick Collins boiii

>> No.56856033

>>56851519
>>56851563
>>56851620
>>56851780
>>56851863
>>56852106
>>56852172
>>56852213
>>56852698
>>56853052
>>56853072
>>56854921
>>56855432
>>56855447
>>56855902
>>56855952
>16 posts by this ID
DR;NS Seethe and Cope deranged poorfag

>> No.56856059

>>56856023
holy based

>> No.56856073

>>56856023
SEND IT KING

>> No.56856080

>>56855954
holy cringe

>> No.56856082

>>56856023
patricks gonna fume after reading this kek

>> No.56856095

>>56856023
based and send it pilled

>> No.56856124

>>56856023
hell yeah man redbull hardline>lame ass smart contracts
hit up moab

>> No.56856142

>>56856023
based

>> No.56856187

>>56855829
>Yes this why there are only two assets you should be holding in a crypto portfolio. Few understand
Kek they said this back in 2020 after the DeFi summer pump and then linkies sat out the whole bull market while getting rekt in ETH terms. Only retards think Ethereum will ever die before at least 2030.

>> No.56856300

>>56856033
Anon, I bought 50k Link in 2018 for an insignificant amount of money and sold 26k for over $300k. I hold 24k tokens still and am honestly at a point where if Link moons, I just make more money, if it goes to 0 I get the satisfaction and laughing at people like you. It’s a very comfy position to be in.

>> No.56856348

>>56856300
>sold 26k for over $300k.
Right now I have the satisfaction of laughing at people like you, lmao

>> No.56856415

>>56850869
It's the blockchain layer that other layers cannot compete with, simply stated. You can't satisfy the requirements of web3 without BBC, anyone who says otherwise hasn't tried BBC for themselves.

>> No.56856583

>>56856348
Why is that funny to you?

>> No.56856660
File: 376 KB, 1056x772, WhyCompaniesUseLink.jpg [View same] [iqdb] [saucenao] [google]
56856660

>>56854835

Derivatives, options trading, most things CCIP related. Basically anything where faulty data leads to big losses.

The purpose of staking is to offload some risk from the developers running some protocol to the chainlink node operators. In other words, if a node operator fucks up, they get their tokens slashed and the developers receive a cut to pay for the potential profit lost. This in turn incentivizes node operators to make sure they're delivering non faulty data. And they're further incentivized by reporting any malicious nodes because the first one to report a malicious node gets his stake. If It's 1 versus 2 of a 3 node DON, if the 1 can prove he's honest, he gets the other two node's stake. They call this super linear staking since you need to get all nodes to collude else it would be more profitable for a single actor to backstab and snitch. With 3 Nodes, the cost would end up being 3 Nodes * C Collateral amount for each Node. So 3*3*C in total. With N nodes, it would be N*N*C.

>> No.56856714

>>56855902
A markrting ploy the generously participated in to shill link bags? What do they get out of it, exactly?

>> No.56857279

>>56850434
made for BBCA

>> No.56857771

>>56850699
Checked but also in the talk with lex they talked about countries declaring war under certain parameters triggered by smart contracts. Kinda spooky ngl, our grandchildren will inherit a world completely different from ours. Cryptographic truth will absolutely power all aspects of life, and I am very fortunate for this board for showing me the potential of this technology and for shilling link in 2016. Absolutely based. Generational wealth is being created for those who stake, do not be dissuaded by fud.

>> No.56857844

>>56850434
>>56850544
Thanks Ari

>> No.56857965

>>56850544
SN=SN

>> No.56858836
File: 307 KB, 1206x2208, 1664482431618088.jpg [View same] [iqdb] [saucenao] [google]
56858836

>>56852744
Makes perfect sense. I think about chainlink and what its future iterations will look like for months on end, and then threads like this snap my understanding into a more clear alignment.

Peace brothers. Remember to do good with your work.

>> No.56859445

Nobody cares. It can't even stay above $16 while every other coin is mooning

>> No.56859556

>>56852106
This anon gets it.
Linkies jump to all these wild conclusions in their heads about what will happen but they will never explain how it will happen.
Ripples already laid the ground work in just about every country on earth, meanwhile chainlink (a shitcoin subsidiary of the shittiest coin of all, ETH) just released staking v0.2.
Chainlink shouldnt be releasing ANYTHING v0.2, they should be releasing v0.8 ATLEAST if they hope to keep up with other players in the crypto space. Chainlink is falling too far behind, its already over. XRP is weeks away from doing some crazy shit and chainlink is decades away. Use all the buzzwords you want, it is literally over for chainlink midwits.

>> No.56859719

>>56859556
this. they should just make a jump to conclusions game and end it.

pools closed.

>> No.56860095

Dont buy link, buy xrp. You will regret buying link.

>> No.56860127

>>56860095
bro said buy xrp in 2023

LOL

>> No.56860211

>>56850920
>>56850956
>>56851435
white women love BBCA