/biz/ - Business & Finance

>>58113423
Chainlink is currently like having an Internet except the Home PC doesn't exist to use it.

Individual people NEED to become Data Points to properly interact with Smart Contracts or else the network will be Sybil attacked. (Using multiple wallets to game a Smart Contract to one's favor)

Sergey Once Said: There is a very large Universe of Usecases looking to be connected to front ends that prove who somebody is.

Prove who somebody is = Everest
and you can access that large Universe of Usecases = Chainlink

The EverID wallet already provides Identity and proof of Unique human with it's biometric design.

Identities can be directly queried via Everest's Chainlink Node:
https://developer.everest.org/#everest-identity-oracle

All that is missing is Everest's pending Identity Widget to easily onboard & query users, from any website/app. which will also be able to verify Social Media Accounts. (Social Media verification will go a long way helping Chainlink Functions because Web2 Data/ is corrupt, full of bots/multi=accounts making false interaction data)

>>58113423
EU passed a bill requiring KYC/AML + Identity Verification for all payments to crypto services over 1000 Euro:
https://www.coindesk.com/policy/2023/03/27/eu-lawmakers-to-vote-on-limited-ban-on-self-hosted-crypto-payments/
>Under the current proposal, traders would be forbidden from making or accepting anonymous crypto transfers over 1,000 euros (US$1,080)
> If the customer's identity can be verified or if a regulated crypto provider is involved, the transaction would be allowed.
>Crypto transfers among private individuals – such as large payments between two friends – would still be allowed. (Just be careful not to be friends with any arms traders)

Everest is the ONLY provider that makes meeting these requirements available as an embeddable service for others. In short term most of the industry will need to implement Everest.
>"But shill there are 100s of KYC providers. LMAO even"
Identity verification is required. These KYC providers don't match the user to their Identification, honeypot for fraud. Everest's biometric wallet creation limits to 1 per user & matches the user's face to their ID.
>"Le X DID can do something like that"
Great, are they licensed to provide KYC globally? No they arent. Banking institutes wont accept the risk of a bad KYC from a random provider. Everest is certified to provide via its MFSA license, Le X DID can meet standards by partnering with Everest.
>"Dapps will never have to comply with this they are anonymous!"
You think the regulators don't know where the developers live? Tornado Cash was ripped apart with Devs tossed in jail within hours. The Data Act was passed, they fall under these rules.

Everest has already won the regulation battle before the battle was fought.

>>58113423

I aint reading all that
so happy for you project succeeding, or that you lost all your money

>>58113748
If you want to make money you should read it.
https://everestdotorg.medium.com/everest-newsletter-march-2024-6324316df16e

>>58113423
>>58113435
>>58113453
kek baggie

everest is simply not needed. chainlink can do this job without it

>>58114298
Everest and DECO compliment each other because regulated institutions won't accept kyc that consists only of credential sharing, no matter how many layers of fancy zkp is wrapped around the credential.

>>58114298
You need to think of DECO more as a delivery vehicle and not the actual identity itself. Chainlink is valuable because it is the connection and banks will plug in, but there are a whole separate set of regulatory concerns that go into compliance which currently costs the banks a lot of money and are a huge liability/hassle. Chainlink doesn't want to bother dealing with the risk. That's why a company like Everest is ahead of the curve, we are moving to a model where your actual identity (biometrics and related things that are much harder to fake than a gov document) will be needed to fit within financial risk profiles for an economy running on a blockchain. So there will be a separate identity layer run by an entity who assumes all the risk and turns compliance into a profitable thing for banks and corporations instead of a money sink.

It also allows the user to actually own their own data as well, but that's a separate topic.

Sirs please to just use Kleros and Proof of Humanity many thanks

>>58114361
>>58113767
>>58113520
>>58113453
>>58113435
>>58113423
So basically LINK is gonna introduce KYC to all crypto?
Fucking hate this stupid token.

>>58113423
>chainlinktoday
let me guess, it's 7 years of "soon"?

>>58114372
>Muh Kleros Court
Redditor tier governance of the world. Fuck off.

Everest will be solving this through its Proof of Human/Unique design of it's wallet and ease of use DAO org creation:
https://www.youtube.com/watch?v=T3I8y2pvwsw

>>58114389
MICA is the dark horse nobody has been planning for besides everest. Remember all of DEFI runs on AWS once MICA comes out with some marching orders Bezos will turn off non compliant projects https://everestdotorg.medium.com/mica-2-0-regulatory-clarity-for-defi-8477e80b2a52
Rolls out this year

>>58114370
>we
fruedian slip or low-key larp? if larp, it's well done. subtle. very nice.

bro fucking BLOCKCHAIN BOY tiktok marketing and then Bob went on a fucking gameshow to beg for 100K

how can anyone sane take this seriously at this point

>>58114627
Multibillion dollar companies that see the writing in the wall take them seriously.>>58113767

Kek techbaggies

>>58113423
BAHAHAHHAHAHHAAHAAHAAH

based everposter

>>58114716
https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica

>>58114489
This post >>58114361 is one that I wrote a long time ago, so I imagine he copy and pasted this one >>58114370 too
I've noticed there's an everposter who pastes stuff from the archives.

>>58114689
>>58114755

>already 2024

>>58114769
Didn't read; never buying
Link spamming breadcrumb fags have overstayed their welcome. Idk about you guys but I don't read about anything "tech related". If the price is not going up, I simply don't care. You can stick your nerd gibberish up your ass techfaggots.

>>58114802
kek cant argue with this guy

>>58114802
MICA is coming crypto will be regulated >>58114755

>>58114802
theres nothing new ever yet stinky linkies can't grow some balls and sell already, its hilarious

>>58114867
1 LINK = 1 ID