/biz/ - Business & Finance

>>6188097

Nice, just bought 100k

ive been bagholding 15k link for 5 months when do I get to fucking profit

>>6188097
I assume you got in to etherium when it was under a dollar

>>6188446
Just keep larping, you’ll get there

>>6188097

bump

>>6188446

Wow you really gotta suck at crypto to have LINk bags at this point, its pretty much all profits for me.

>>6188814
What the fuck? How am I larping you stupid fuck.

>>6189003
larping with my wallet photo i see. that's a bad pajeet, bad.

>>6189003
>only 18k

>>6189003
did you buy the sibos ATH or what, retard

10/10 shill just dumped 5 paychecks worth into this

>>6188097
Not FUDing here, just interested.

Chainlink's value is based on anticipated profit from future transaction fees using their oracle network... market cap is 450M and only 35% of LINK are currently circulating. Let's round the numbers up and put total market cap when all are released at $1.1bn. How can LINK go 10, 50, or 100x its value based purely off future profits from transactions on other networks?

What percentage of transaction fees is LINK predicted to get? 5%? 10%? Let's say it's 10%, which is very generous, for the sake of convenience... If it goes 10x current market cap based off 10% fees from transactions that use its oracle network it would need to handle $110bn of transactions.

Not FUDing and I think it's great in theory, but is it really worth that much?

>>6189592
you're right. market sell all LINKs

>>6189592
Look at how much the total crypto market cap has increased in the past year alone. We are at the ground floor right now of crypto. The years before were at the basement. It is very possible a $100 billion market cap could be achieved.

>>6189944
Seriously though..... how long will it take for LINK to process hundreds of billions in profits off smart contracts? Are there no alternatives that could replace it? Seems cool but unsustainable longterm imo.

Would like to hear why I'm wrong though

>>6189592
>BTC/ETH value is determined by tx fees

Also, if SC.com sell their tokens we all have bigger problems fundamentally so looking at the fully diluted number is incorrect IMO. Lastly, do not ignore the tokens will be subtracted from the goat by nodes and SC creators. SC creators will horde tokens as a hedge against appreciation.

Lmao

>>6190066
Not 100bn marketcap, 100bn in transactions fees. How long will it take for LINK to generate a billion in transaction fees? Especially considering they will take a small cut. How many smart contracts are needed?

No FUD. Just can't see why this is priced so highly.

>>6190105
you're not wrong. market sell all LINKs. wasn't being sarcastic.

>>6190105
If you're just trying to understand the volume of electronic transactions generally to an order of magnitude, it's in the quadrillions of dollars per year. According to this document from the US Treasury, SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.

document link >https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf

there you have your cash volume :D

>>6189592
https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf
Look at page 63. "SWIFT messages
direct the transfer of nearly $5 trillion worldwide each day."

Now that is not to say that we're going to see LINK even be relevant in even 5% of these transaction, but imagine that it found an important niche within SWIFT's system. Now imagine it finds its way into the insurance industry, where Capgemini is already forecasting smart contracts savings will be worth tens, if not hundreds of billions of dollars annually. Imagine how SC can be used in global shipping, bonds and stocks, derivatives, currency exchange etc. Not to mention how many crpyto projects are already looking at it as a necessary part of building their own infrastructure. There is no notable competitor in this space that has the same level of experience, progress, foresight or support as CL. It's a one horse race.

>>6190105
>>6190575

>how long will it take for LINK to process hundreds of billions in profits off smart contracts

If LINK is responsible for even 1 billion dollars of smart contracts in 2018, it will be one of the top 5 most successful crypto projects in existence if not the top. Almost nothing in crypto actually does anything right now. The currencies and not transacted for anything besides other cryptos, nearly ever utility token is not implemented in any way. The most 'productive' projects are development platforms where all they provide the base to produce more unproductive projects.

>>6190575
How large is the bond market?
How many bonds are in existence?
How many bond coupon payments are made per year?
What was the SWIFT PoC about?
What do SWIFT value above all else?
Would they pay a premium in oracle fees to achieve this goal?

i bought at a dollar thirty

a dollar

thirty

ONE DOLLAR

AND THIRTY CENTS

WHAT THE FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK

>>6190580
>>6190575
>>6190105
>>6190066
>>6189944
>>6189592

See you next month fomoing in

>>6190909

Buy high sell low

I CANT BUY THE FUCKING DIP

IT’S DROPPING AND I CANT BUY THE GODDAMN DIP

IM A NOLINKER AND BINANCE WONT TAKE NEW REGISTRATIONS

>>6190909
Chill it looks to be a perfect cup handle

>>6191356
I'll cup ur moms handles

>old fag
>I was here in 2016
Youre not an old fag, you're just a dumb fuck trying to shill your bags
Kys op

>>6189592
Node operators receive 1/312th of the tx fee
Not even joking. One part of three hundred and twelve parts

>>6191587

Daily volume will be at a minimum a trillion dollars kek

>>6191685
Yeah whatever you tell yourself bruh

>>6191587
>citation needed

>>6191830
Sergey himself

>>6188097
>hurr durrr oldfag
>hur durrr early adopter
>muh Chainlink is the next Ethereum.


We don't need another Assblaster

>>6191685
Just did some math, @ 1 trillion dollars a day, 1/312th of that would be 32,051,280 dollars in fees a day. Split between 20,000 nodes evenly would be $1602.5 a node a day. Say we only ever get 250 billion a day way down the road. Still $400 a day split between 20k nodes... Getting hard.

>>6190825
>>6190825
Yeah, blockchain can benefit that field. But why Chainlink, rather than another oracle?

Even if they implement it, it all fundamentally comes down to:
-number of transactions
-cost of fees
-LINK's cut
-node operator's cut

Do you think the usage of smart contracts will outpace the rest of the blockchain tech in terms of growth?

>>6191902
>citation needed

https://delphi.systems/ solved the oracle problem

>>6191245
You can do it using this referral ID and become a linky
10930552
you can do it
>you can do it

>>6192033

The idea is that more dapps like REQ and ZepplinOS will be using link for their contracts as well.

>>6192001
Do some math at a realistic number... like $50 a day.. that's sergeys normal allowance for mcdonalds right

Nice, just bought 100k

>>6188097
nice larp faggot, 2016 doesn't make you an old fag. and by 2016 etherum was being shilled here and crypto was already common. go suck a dick you lying pajeet

>>6192001

You’re off by 2 orders of magnitude friendo

>>6188097

>>6188097
at least post a timeframe for your >$100 target
or
how about $5 mark?

>2k Linkies

Will I make it?

>>6188097
Noob here. How do I do that?

>>6192402

Anyone with >1k will make it

>>6190554
What does that even mean
Why you post this?

>>6192426

Binance man

>>6192033
>Do you think the usage of smart contracts will outpace the rest of the blockchain tech in terms of growth?

Considering that right now blockchain does fuck all useful right now, and that oracles can allow them to actually be useful in ways that are currently impossible. The answer in the next few years is obviously yes.

>>6192001
Lol $1T/312/20000 = $160256 per node per day

You can't even fud correctly

>>6192570
Thank you.

>>6192292
HOLY KEK!

Great movie BTW!

>>6192292
ayyy lmao

>>6192001

It’s 3.2 billion a day in fees not 32 million nigga what are you doing

>>6192649
whats name of the movie?

how many stinky links do i need to operate a node?

>>6192173
Ok, fair enough.

I just think the volume required for LINK to warrant a significant price increase, outside of speculation, is insane... even if that can be said for a lot of crypto projects. Too reliant on external factors for me.

>>6192678
Where is 312 coming from

>>6192729
0
LINK will need to be put into escrow to receive oracle contracts but the amount to be escrowed with be subject to the free market

>>6192720
Korean WWII film. Not really historically accurate but a great watch.

>>6192001
By the way, the tx fee isn't 1/312th of the total transaction like you seem to think it is
Its 1/312th of the tx fee goes to the node operator

>>6192810
fuck. i hope 1.2k is enough. thats all i could get when it was at 15 cents

>>6192742

External factors? Do you realize how fucking stupid that sounds when the use case you are dealing with is fucking chainlink?

I wanna buy some more but it seems so weird. 500 USD used to get me like 3k Link now I can only get like 400 :(

>>6192871
100% of the oracle fee goes to the node you mong

>>6192033
>Do you think the usage of smart contracts will outpace the rest of the blockchain tech in terms of growth?
what rest of the blockchain tech? smart contracts are literally the only way for blockchain to be useful in the future

>>6189003
>>6189385
>$18k
>15k Link

lol. bought at the recent ATH.

guise what should i buy for a few days gain to get more linkies in a few days?

>>6192649
>>6192660
full vid here
https://www.youtube.com/watch?v=o1o5o2m6Stg

>>6192879
http://www.linkpool.io/ If need be pooling will be an option.

the community around this coin was exactly the same as before ETH ascended into the heavens.
I didnt listen then, but i sure as fuck listened now.

>>6194443
deus vult!

>>6193900
>doesnt know how wallets work

>>6194443

nolinkers are truly a sad bunch

>>6194259
nice, just sold 200k

What's going on with it right now? Are we tanking boys? Still holding with iron hands but what the fuck senpai

Get to $85 a coin already FUCK

>>6194736
ETH is soaring, people pulling out to catch to gain train. This is how you accumulate, my friend. These are the periods to be buying in. Dumbfucks chasing a 15%, you buy and gold for a 15,000%. No big deal.

>>6194814
I bought 672 more LINK at $1.19, I accumulated. I am now 100% in at 8672 LINK.

what are y'alls thoughts on Stratis? looking to put my XRP gains somewhere to gain some more before buying more link.

FUCK FUCK FUCK i only have 120 linkies cuz im a poorfag, fuck i hate being poor

>>6194664
>>6194443
Same.You guys r fucked up but usually right.How long do we hold LINK? Forever?

>>6195283
Until you're in your coffin, and you hold it even after that.

>>6191245
I have mostly ETH and Chainlink and I can't fucking decide when to stock up on Chainlink... ETH will not stop going up fuuuuuuuuuuuuuuuuck

Poorfag here. Managed to get 2k linkies after a shitcoin moon.

Will I make it?

>>6195690
Realistically ETH will not moon at the rate that ChainLink will. I'd go 60/40 LINK/ETH

>>6194970
I've got 140...

Are we going to be worth anything at all? What will we miss out on with this volume? Can anyone tell me?

>>6195850
So buy LINK now while it's dipping... I'm gonna do it. Thanks

>>6196134
That's what I'm doing -- may not find cheaper LINK ever again.

>>6192537
FUD in 2016, look at the date

ITT: People who have created a narrative based on a man with no track record of success save a video from one conference and who has maintained total radio silence for two months.
>Prepare for hurt feels.

>>6195886
if it goes to 100 dollars EOY you will be worth 14000. Use it to build your stack and buy more LINK

>>6190575
>Is barely in the top 100
>Priced highly

retard here. what do i have going on?

>>6196777
An open order. Playing the waiting game until your the price you asked is filled. It may go unfilled

>>6196973
damnit, how the fuck do i just buy it
and can i cancel without incurring a fee?

>>6191245
Google how to use etherdelta.

>>6197040
Yeah cancel for no fee. If youre super worried about not getting your order filled, bid at the lowest ask price. Just look at the order book

Nice 7 trips btw

>>6197040
fees depend on the exchange
most charge 5% for every hour it's open

>>6197210
that's a fucking lie.

>>6197210
>5% for every hour it's open

Holy shit, seriously? There's no way, but I've neved left an open order over 10 minutes...

>>6197210
>>6197203
i panicked and canceled

Just bought the LINK dip, but I used ETH. Am I a cuck for selling ETH during the flippening? :(

>>6192274
sashaantnv

>>6188097
I respect the hustle senpai, nobody shill harder than Linkies. Hope Sergey comes through for you.

>>6192292
holy shit, top fukn kek m8

What effect do we think the spectre vulnerablity will have on LINK? At the moment Chainlink relies heavily on Intel's magical black box SGX to protect information in decentralized oracles - without it there's no benefit to using link.

SGX has been compromised: htt ps://github.com/lsds/spectre-attack-sgx#code-layout

From the link whitepaper:

"It is also important to recognize that of course today, whether or not we like it,
trust in Intel is inescapable. The CPU in the machine on which you are reading this
paper bears witness to this fact—or, if not, the CPU in the server from which you
downloaded this paper.
Of course, it would be preferable to make use of trusted hardware from multiple
vendors, and it is to be hoped that others will create equivalent capabilities. New,
open architectures for trusted hardware, and ways to weaken the trust assumptions
required of such hardware, are active areas of research, e.g., [19], [34]. The ability to
diversify across vendors or architectures per se would not ensure data confidentiality,
however."

Does this mean that the question is irrelevant as there's no existing alternatives to relying on Intel's compromised SGX?

>>6197683
In a rational market, people would give a fuck.
Right now, people have valued a white paper and a Youtube video at $404,000,000.

>>6197683
I'm trying to learn more about this
any word from intel about this?


"Very interesting findings by the LSDS, thanks for bringing them to the attention of the forum. The last couple of weeks have caused us to be very thankful that we depend on enclaves for integrity rather then confidentiality guarantees.

One of the outstanding questions with respect to SGX confidentiality guarantees will be the level of microcode modifications that Intel can make to the SGX technology. SGX was designed around the model of a microcode implementation so that security modifications could be made. If PMH behavior could be modified it would be theoretically possible for Intel to apply security protections against these types of attacks to enclave based data."
from an intel forum

>>6197683
Fuck man I'm invested heavily, is this a problem

>>6198243
no

>>6198243
I don't believe SGX is a necessary requirement for LINK to work. They may choose to use it, but it's not a critical component.

Further, I don't believe SGX can't be used at all with the proper OS fixes in place.

when will link unironically be $100 a piece

>>6198455
>>6198436
arguements? im getting nervous
SGX is an important part of the chainlink network...

can't find much info on the vulnerability though

this:https://software.intel.com/en-us/forums/intel-software-guard-extensions-intel-sgx/topic/754168

and the github posted yesterday

>>6192292
facking eh!!! actually LOL'd

>>6198964
i just sold, you should too. you'll sleep better tonight.

>>6199211
dunno man, I'd like to get to the end of this

>>6192292

Arnold Rimmer and Cryptotakeoff. Holy fuck bruh.