/biz/ - Business & Finance

>>58725240
who actually uses RWAs though? I get that they now exist but where is the market where they are traded?

>>58725259
In the separate bank chain ecosystem that doesn't currently interact with open source crypto at all.

>>58725259
they will eventually be integrated into traditional banking apps that people already have installed on their phones for their regular stocks and stuff. the market already exist and the barrier to entry problem isn't there because they already have fidelity app. all it takes is an update in the app store for the switch to be flipped.

>>58725259
Everyone. Stablecoins are RWAs and right now the primary goal is to establish broad crosschain liquidity of dollars. Once that is complete and sufficient regulation is in place we will begin to see the tokenization of equities.

https://app.rwa.xyz/stablecoins

>>58725268
Shut the fuck up with this fantasy you pulled out of your ass

>>58725358
what a bizarrely hostile response to something that is not even contested.

>>58725240
This means link has more value secured than the ENTIRETY of eth chain, bnb chain, avax, etc combined.

and it's sitting at #15 under the chains it secures more value than.

>>58725371
lol source?

>>58725391
source: every major financial infrastructure in the world

>>58725259
>Who actually uses real world assets?
/biz/ - business and finance.

Link was always the next Eth.

>>58725263
and its fun to know we are in the one single project that actually is gonna see some money from this
while the schizos and shills are in the xrp, icp and hbar threads
at least quant is pretty dead right now lol

>>58725240
Just finished listening to that talk, that was the most bullish speech I have ever heard come out of that mans mouth. He basically told a room full of defi devs that they will be obsolete and forgotten if they don't integrate with RWA and tradfi industry ASAP.
>>58725358
I am not even going to entertain this conversation.
>>58725553
I got so lucky I almost fell in the QNT trap

>>58725637
oh cool it seems to be working now:
>https://ethcc.io/archive/The-Role-of-Oracles-in-the-Tokenized-Asset-Wave

>>58725637
sergey is in bullish mode since March this year
he gives us direct timelines (something I never heard out of his mouth since 2017), mogs the shit out of everyone in interviews and doesn't give a damn about haters

>>58725651
>https://ethcc.io/archive/The-Role-of-Oracles-in-the-Tokenized-Asset-Wave
thanks

@13:09
>This is all happening on production. So just to highlight how clear this is... I, I understand that everybody has been hearing about blockchains, and private chains, and banks, and all of these things, going on chain for, like, the last decade.
>Believe me, I know. I've been working with these folks for well over seven years, and I've heard a lot of it too, but...
>It's markedly different this time.
>Before, it was innovation people doing quote, unquote, "experiments" that they did press releases about.
>Now, it is dedicated digital asset teams. There's a digital asset product manager, there's a digital asset engineer, there's a digital asset managing director. There's over 100 people in some teams in some of these places.
>So... this is happening now, and this is live on production.

I'm just bullish, that's all. I'm bullish.

>>58725687
chainlink wont be respected until its over 100 or in the top 5.

>this is our work with SWIFT, this is sort of relevant to you folks, but, um....
lmao this talk is an absolute fucking mogging

>>58725730
chainlink little has to leave triple digits behind with the amount of news announced in the last 12 months

Why isn't any of this reflected on the price? What the hell is wrong with this clown market? Why are crypto market makers valuing SHIB and DOGE higher than LINK? Am I insane?

So why would people choose to use Chainlink DON nodes to update onchain state instead of ERC4337 Alt Mempools nodes?

>>58725728
>>58725687
Yeah there's been some kinda of change. Previous years, Sergey was always like "I thought it was gonna be this year, but it wasn't. Hopefully it's this next year then."
Now it's "It's happening now. Get on board or get irrelevant, loser." You can also see his demeanor has changed, the way he conducts himself with others is as if he's saying "I'm in charge now".

>>58725768
You could draw a pretty interesting Venn diagram of:
>people who understand decentralised systems enough to see the value in chainlink
>people who have the dry powder to invest heavily in chainlink
>people who are grifting in Web3 and don't like the forced honesty that chainlink is building
>VCs who literally never buy anything on secondary

>>58725240
Oh but my lovelies, please be suring to check the price my good bloody sirs

>>58725728
It's not as bullish as you think.

t. insider

>>58725833
you're not an insider
stop lying you faggot.

Ok when will it finally pump :(
I hate my life bros. I need to know I’m right.

>>58725781
I mean you remember that one Tech talk in Zurich a week ago? That DTTC lady said even with regulatory clarity we are still years away from adoption.

>its happening right now but you're not allowed to see for yourself, goy. Trust the experts.

>t. bank insider who conveniently is not allowed by NDAs to post any proof of his claims on the interwebz

>>58725868
>id
>re cries Q
kek cry moar FAGGOT

>>58725863
That was DTCC specifically. A lot will happen between now, and them going live.

>>58725404
>appeal to authority fallacy.

You chaincels just can't admit that it's over can you. Just sell your tokens you idiot monkey.

>>58725868
Exactly. I can tell you from behind the scenes...it isn't as bullish as is being suggested. Here, take a rare Sergey (he wears a suit when he comes trying to pound the pavement where I work).

>>58725240
I think its funmy you have to be qr code scanned to leave that venue

Crypto is over, go play in tradfi itll be less of a headache for everyone else

>>58725882
>Just sell your tokens you idiot monkey.

>>58725914
I've been interested in this space probably for longer than most people in this thread. I've never been more pessimistic on this technology than I am now. I can provide some interesting inside info here, but first, someone has to tell me who invented and coined the concept of a blockchain oracle?

>>58725728
Sounds like the space is being filled with bullshit jobs, and your being paid in roasted peanuts instead of peanuts to usher in an insideous form of wage slavery

so is the idea that all these bank chains will use CCIP to plug into Ethereum mainnet as a shared frame of reference?

>>58725901
kek this is him at the Sibos '23 conference so unless you work at the convention centre where it was held, which you probably do as a fucking janny or some shit, shut the fuck up you lying faggot.

>>58725901
That's not a rare. That's from the Goldman Sachs event where Sergey was mobbed.
https://x.com/holeworlld/status/1723011606383059197

>>58725941
First thing i saw was oraclize me/provable things

>>58725404
>2 more weeks
Gosh I'm so excited for you crazy kids

>>58725863
if you wait till that point a lot of value will be harvested by speculators already
thats the equivalent of not investing in btc because regulations untill the etf went live
congrats you missed 3 bullruns and governments missed the window to really ban it in 2012

>>58725941
in a form recognizable to what we have today i would say Ari
or are you gonna get some obscure 80s reference that might use the name but looks nothing like reality today

>>58725955
This Anon gets it

>>58725958
>>58725960
So which is it? Sibos '23 or the Goldman Sachs event where Sergey was mobbed (i.e. sitting by himself)?

>>58725962
No. But at least you tried instead of just getting angry like the above anons which seem to be increasingly depressed about their lottery ticket looking less and less like a golden ticket to financial freedom. Mike Hearn coined the term "oracle" for its use as a data input for blockchains (i.e. a third party in a smart contract that signs transactions to update state).

>>58726040
>So which is it? Sibos '23 or the Goldman Sachs event where Sergey was mobbed (i.e. sitting by himself)?
I posted proof you fucking liar. Imagine having such Sergey Derangement syndrome that you just start lying. Despicable, brown skin behaviour.

>>58725768
the only thing that will make link go up is singulatiry, its the only meme that has yet to happen...

how long will it take for the switch to flip?

5-10 years.

for now link will ride with bitcoin.


everything has been priced in.

>>58726028
So much bitterness and anger in these threads nowadays :^). I'm probably going to leave now since no one is interested in having a discussion anyway.

Here:
>ERC4337 is the major reason CLL has pivoted away from pushing the half-banked CL Functions solutions for what a blockchain oracle should be.
>What are some other applications of Alt Mempool nodes? Why has ZKsync been all the rage with its SC-based EOAs?

I'm not going to bother with anything else just to have a bunch of angry poorfags who know everything respond calling me the faggot, nigger, whatever.

>>58725240
He’s still showing this same fkn slide.

>>58726055
So an obscure podcaster relaying claims of his "analyst" is the burden of proof nowadays? Cool! In that case, we are definitely doing everything we can to plug Chainlink services into every nook and cranny of the global financial infrastructure. Screen cap this as proof.

>>58726087
erc4337 is just a transaction formatting standard. it doesn't have anything to do with trustless offchain computation

>>58726098
Literally didn't read, lying faggot.

>>58726040
It was the Goldman event.

>>58726108
Come on Anon, no one is paying Chainlink oracles to run logic, sign the result of a computation, and put it onchain. Also 4337 is more than just a transaction formatting standard, although, yes, the userOp stuff is part of it.

>>58726119
If it were, wouldn't that contradict the Anon's PROVEN claim that Sergey was mobbed?

>>58726127
Chainlink Functions can be gay notwithstanding that erc4337 is literally just about sending signed calldata to an aggregator that sponsors the transaction gas

>>58726135
I was the sibos 23 poster that said I proved it you retard. Imagine being so fucking lacking in brain cells you can't even keep track of an imageboard that uses ID's. Cringe.

>>58726119
It was the SIBOS 23 event in pic related >>58725958
He's wearing the same light blue shirt.

>>58726087
nothing in that post is in relation to my post you quote
and dare i say the only one sounding increasingly frustrated here is you
>I'm probably going to leave now
you will not, seen it happen so many times

>>58726154
How is what you've described different from Chainlink Functions?

>sending signed calldata to an aggregator that sponsors the transaction gas

You can get into the semantics of it all you want. Chainlink quite literally co-opted the term "oracle" as a marketing ploy and delivered Chainlink Functions as their solution to white paper v1. They've now pivoted to CCIP with their white paper 2.0 initiative nonsense that doesn't actually solve any of the issues underlying putting one's trust in a system. So now they're pivoting to trying to associate Chainlink with a bunch of corporations that have spent decades fostering "reputation." Anyway, I'm not saying anything new.

>>58726087
>>going to leave now
>posts four more times
what did she mean by this?

>>58725651
based thanks for posting the link. this talk seems worthy of a transcription...

>>58726203
rekt

>>58725768
this...

all of this shit is "bullish" I guess but at this point we're all exhausted from hearing this. The CCIP tracker still shows them doing like $1,500 per day in revenue so what do I make of hearing "in production". Show me some numbers already

>>58725802
ok so it's still such a massive secret even though all of the world's banks and their smartest employees are privy to CL? Something doesn't add up here

>>58725941
>I can provide some interesting inside info here
interested, and unlike the cult members here I'd love to hear something other than the usual bullshit

>>58725240
I am literally in your picture

>>58726547
bullish
what's your take on this presentation marine?

>>58726558
Was interesting but nothing new. Can confirm that every major institute is working on RWA projects with entire departments instead of just research teams like it used to be some time ago

what are the chances btc continues to go down/sideways dragging the whole market with it then a big rwa announcement comes out from a major FI and mentions chainlink and the narrative changes to RWAs and chainlink leads the bull run like in 2019 but this time it's an eth run

>>58725263
and thus makes chainlink holders no money

>>58725637
>He basically told a room full of defi devs that they will be obsolete and forgotten if they don't integrate with RWA and tradfi industry ASAP.
gee i wonder why, its almost like he has an incentive to get better data metrics because no one is using his products

>>58726573
How is this related to "the great taking" that some have been raising the alarm about?

>>58726657
if you don't own link, everything will be taken from you :^)

>>58726011
why are you advocating backing holding?

>>58726645
or he's telling the truth, unlike you, Mister 'I'm not interested in this whatsoever that's why i'm hanging around making angry comments all day'. gee, i wonder which is more likely to be right, the one with the guy talking to global banks and enterprises, or the angry guy on 4chan. hmmm....

>>58726679
look at the numbers retard. CCIP is doing sub 1k a day on average

>>58726203
anon dump what insider info you can pls. State of the project, is the fat ass grifting, is there anything we can expect from the future etc etc

>>58726704
on public chains

>>58726720
you dont make money from private chains. public chains are the only thing that i or anyone should give a shit about.

>>58725358
Just bought more Link

>>58726704
>6pbtid
1k a day. Not bad.

The most popular bridges only do a combined 30k a day.

https://tokenterminal.com/terminal/markets/bridges

Imagine what it would once actual cross chain d'apps are built. Not just basic bridges.

>>58726812
cross chain dapps, i can tell you are an idiot just by the words you are using. what you're thinking of is dapps that have their own chains. Here is the issue, no one wants to use chainlink products, when others are giving it away as a loss leader

>>58726733
>you dont make money from private chains.
You only make money from private chains when the private chains are worth 150 trillion dollars.

>>58726733
>you dont make money from private chains
Why not? They're the same nodes.

>>58726876
>no one wants to use chainlink products
lol

>>58726876

>>58726584
Greater than zero, less than 50%

>>58726980
you tell me why not. are private chains being used right now?
>>58726980
>checks ccip stats
>sub 1k daily revenue

>>58727185
listen here buddy

not selling
pool is closed

>>58725240
That's a lot of empty seats.

>>58727335
ETHfags knew better than to go and get dunked on. Too busy working on the latest modular DA L4 that is custom made for memecoins and has the most profitable sequencer design in crypto history.

>>58727335
this
fucking pawwwwww thetic

>>58725259
Banks you ding dong. Chainlink has a separate CCIP network for them, so transactions won't show up on

https://ccip.chain.link/

Do Kwon/Mashinsky/SBF all fucked us royally and now we're being left in the dark as Chainlink rubs shoulders with banks.

>>58727977
*Those 3 + the MEV mafia

>>58727977
Is this private CCIP network in the room with us right now?

>>58727977
Good thing based LPL chuddie kiddo Jonny Bollocks saved us

Vapor technobabble

Lets do a recap of all the retardio claims in the thread.
>There is a private CCIP network
>A single update from Fidelity will flip the switch, Implying they have tokenized anything.
>Le cross chain liquidity of dollars when CCIP doesn't even transact USDT
>Le bullshit jobs by billion dollar companies (dedicated digital asset teams? Kek), linkies thinking these are real jobs.
>"cross chain dapps", thinking CCIP can do anything other than send tokens given how slow it is.
>Thinking LINK is doing the RWA tokenizing when its crypto companies like ONDO and Securitize

The reality.
>Sergey in an empty room
>Making grandiose claims as usual
>All these RWA's and LINK is only 2x from bottom while BTC is 5x

>>58728525
>wall of fud
i trust you way more than i trust the guy who has spent the last few years directly working with banks and is now widely recognised and respected. Your fud is waaay more convincing and i have just unstaked and market sold my entire Link stack and am investing in BAND and QNT

>>58728530
Instead of trusting and not trusting, why don't you investigate these points yourself. Its in your hands anon. Don't trust, verify.

>>58728530
>muh appeal to authority
just don't post anything, this is embarrassing

>>58727335
Yeah, only the big boys were there and you could tell by looking at the people in the room. Look at the people sitting in front of me and tell me with a straight face that they don‘t look like money.

>>58728525
>US markets just transitioned to T+1 and celebrated it as a huge success
>CCIP too slow
And
>doubts there are dedicated DA teams/departments

You don’t work in the industry and it shows.

>>58728618
Can you identify said big bois? It looks like a few jeets and low level coders to me.

>>58728623
I don't need to work in the industry. Its a well established fact that multi billion dollar companies create bullshit jobs. Its even confirmed when Sergey is on stage with some retardio low level exec, to which they always end up saying something to the effect of "we need to run it by the higher ups". These titles and jobs don't have any substance, its mainly showmanship.

And since you fancy yourself as someone "in the industry" why don't you tell us how it actually is? Or are you also full of shit.

Also CCIP is too slow, it takes 30 minutes to settle between chains. You can't build DeFi money games over such slow settlement, the cross chain dapp thesis is bunk.

>>58728636
I said in front of me. You got the wrong picture

link will integrate catcoin (as they supported catgirl) but your stinky linky will 100 perc

while catcoin will 500x

imagine not having a direct competitor to dogecoin

we are talking about 15 million coin vs 8 billion coin..........

>>58728636
Why is CCIP so slow?

The audacity of this fat fucking grifter to put this as a slide and to make the audacious claims that he does. Let me just break it down for the retardios in the thread.

>Matter Labs holds money on Fidelity, about 50m.
>They synced the funds in fidelity to ZKsync blockchain.
>Matter Labs is ZKsync.

"we are in production" etc etc.. Its all bullshit. All they did was get a crypto company to sync their assets to their product. When legit companies are syncing their assets to the blockchain then talk. Fucking unreal.

https://www.sygnum.com/news/sygnum-and-fidelity-international-partner-with-chainlink-to-provide-fund-nav-data-onchain/

>>58728664
I don't know why. I wish it was fast though.

>>58725259
There is a market for that. This sector is experiencing massive growth and it won't stop here.

Another emerging sector gaining visibility in the market is DePIN. It seems many projects in this area tend to focus more on Solana and Peaq.

>>58728671
You can see why he didn't he include "Matter Labs treasury" in the slide, Its so fucking obvious.

You guys really need to look deeper into the details of things, the more you do, the more you realize what a fat fucking grifter Sergey is.

>>58725728
F-fud bros....our response...???

>>58728636
>i don‘t need to work in the industry
Yeah but then you are just some guy ranting on indoor cow farmer image board
> multi billion dollar companies create bullshit jobs
That was only the tradtech industry (FAANG) on low interest that hired engineers just so that their competition couldn‘t hire them. You‘re full of shit and regurgitating BS that you probably read on r/antiwork
>why don‘t you tell us how it is
I wont dox myself and am under NDA, since i posted a picture here i have to be careful.
>30 mins is too slow, you can‘t build DeFi money games
Do you actually think that the multi trillion dollar CeFi industry gives a single fuck about „DeFi money games“? Holy shit KEK. Even the smaller „experiments“ that were done by TradFi already were multi-hundred-million-dollar issuances, and parts of that happened years ago. 30 mins settlement times are blazingly fast by their standards. TradFi
- isnt happy using CBMT for payment since there is counterparty/FX risk involved
- isnt happy using CBDC since some have subsidiaries without access to the TARGET2 system, also non-financial institutes would have to be onboarded

Thus, an interoperability solution between e.g. SWIFT and the ledger used for issuance is needed. The ECB has a CBDC trigger solition, which arguably Institutions don‘t seem to be very happy about so far.

>>58728679
TLDR: Chainlink/CCIP address current DA-issues better than Institutions/Central banks do themselves, it‘s a matter of time until large scale adoption occurs, many institutes already know of CL/CCIP with more are to come in the near future. A lot is being built in the background.

>>58728671
You should look up why CCIP is slow

>>58728679
I've been to these events before retardio, I was at ETH Vietnam a few years ago. Its full of jeet coders and literal whos, stop posturing fuckface.

>>58728679
I know its fast by those standards, but you even said yourself they are "experiments". Sergey said they are "in production", you obviously didn't get the memo as to what "in production" actually is, see my above post.

>>58728688
Its all palour tricks until we see something substantial being developed. Even then we don't even know how much value capture will flow to LINK holders.

>>58728693
Why is it slow?

>>58728700
Because it waits for finality on the source and destination chain. Which in Eths case is 20 minutes. The actual CCIP part is near instant, and would be near instant on fast finality chains.

>>58726055
jew

>>58728703
I thought there was another reason that I was unaware of. But in any case, there should of been a way to make it faster.

The value prospect was yield farming across chains and reduction in fragmented liquidity. This was the problem it was going to solve. So far its nothing but a glorified bridge and I thought that there would be awesome products built on it but its actually a joke.

>>58728700
I dont know what awkward twitter bubble you are in, there are systems that are in production. I know of 3-4 personally which i cannot name and there is plenty more. One that i can name is the D7 System bei Deutsche Börse AG for example

>>58728713
>there should of
KYS immediately
> there should be a way to make it faster
Faster than the finality of the source/target blockchain? You‘re subhuman tier retarded if you dont see the problem with that statement

>>58728713
A way to make what faster? Ethereum finality?

>>58728715
And this is an achievement? D7 System bei Deutsche Börse AG is 2 years old. Where is value accrual to LINK holders?

>>58728720
The finality to send ETH back from Base to mainnet is 7 days, but it can still be done through other means you stupid fuck kys.

>>58728713
>there should of been a way to make it faster.
faster then finality on the actual chain thats being used
beyond this being a retarded suggestion, the only viable way to do this is to create massive counter party risk and extra attack points
probably also requiring massive amounts of tokens of all chains integrated to be locked up in hot wallets
in other words a total mess

but since the retail side of this industry is retarded beyond believe dont worry there will be options for you to use fast solutions and you will lose your funds using them and this still will not deter you
just dont come crying here when it happens

>>58728730
>There are no systems in production
>D7 is two years old!!!1!1!1!1

Cant make this shit up

>>58728671
>>58728676
>it's not Fidelity it's some blockchain bank
So why didn't the Fidelity guy call him out on stage?

>>58725728
We're all going to be so fucking rich.

Chainlink is the king of saying they do this or that, but in reality they don't do shit. All bark no bite.

>>58728732
I'm wont pretend I know exactly how CCIP works. I just assumed CCIP would have some sort of workaround.

Sergey has said something to the effect of you can generate yield across chain, so the assumption was it would have been quick enough to do so.

Also I'm not sure of BBCA-Chain was implied to be a buffer layer to chain finality.

From memory finality was rarely discussed and it only came as a unpleasant surprise to most.

>>58728769
these are the negative iq people screeching loudly around here
its all so tiresome.webm

>>58728763
Hey anon check this out:
>https://x.com/chainlink/status/1809952257980645668

>>58728769
>blockchain finality came as a surprise
fucking kek

>>58728782
I completely forgot about the vodafone adaption, is this also going to be around the next 12 months like SWIFT, TXSE and the hongkong cbdc?
We know that DTCC will take some years

>>58728713
Bait/10

>>58725240
Funniest thing is that the market already realized LINK isn't going to see even a penny of rewards from this

>>58728782
Jorgen looks like he's addicted to extremely expensive prostitutes.

>>58728836
It's a powerful look.