/biz/ - Business & Finance

>>9176897
Explain

>t.brainlet here
can you eggsplain sirs?

>>9176922
>>9176969
the chicago project is moving pricing data around the blockchain ecosystem using towncrier. I wonder if there is another piece of critical infrastructure involved?

>>9176922

Project Chicago is trying to create a derivatives market for crypto-commodities. Ari Juels, who co-wrote the Chainlink white paper, is a founder of Project Chicago and the whole thing is an IC3 project.

So basically another Chainlink partnership is confirmed.

>Cryptocommodities, very simply, are raw resources used for blockchain transactions. The main examples are various forms of blockchain memory (e.g., block space or space in a UTXO set) or computation (e.g., gas in Ethereum). Cryptocommodities are analogous to physical commodities (e.g., food, grain, lumber, metal) that are traded in traditional financial markets.

https://projectchicago.io/

>>9177031
Big serge follows them on twitter

>>9177031
Why does crypto need derivatives?

>>9177073
Because Sir Gay needs passive Big Mac income

>>9177070
They’re partners you retard
>>9177073
Same reason derivatives for normal commodities exist

>>9177031

>>9177073

For the commodities that are unique to the field of cryptocurrency. Derivatives are used for price risk management. This is exciting because there is not currently a market for these types of commodities (as far as I understand it) and Chainlink will be part of the foundation.

They also retweeted a chainlink shill if you scroll down their tweets.

>>9177073
To increase my stack value bro.

>>9177073
Because cryptocurrencies behave like commodities. If tokens represent rights to use computing power of a crypto network, and your business' profitability depends on the cost of using thst computing power, then you will want a way to hedge against dramatic price changes.

>>9177070
Their twitter also literally retweeted ChainLink shill accounts so this is 100% confirmed

Members
We are a team of blockchain researchers from around the world:
Ari Juels (Cornell Tech, IC3, The Jacobs Institute)
Lorenz Breidenbach (ETH Zürich, Cornell Tech, IC3)
Phil Daian (Cornell Tech, IC3)
Florian Tramèr (Stanford University)

>>9176897
ARE THEY GOING TO TRY TO STEAL MY LINKIES!?!?!?!

>>9176897
One of their few tweets is this retweet

>>9177193
Oracle
Based
Futures

>>9177265
>>9177193
stop please I need to do homework aheghhrgrs

>>9177285
You are free to cum. I allow you to cum. Imagine being rich, imagine being successful, imagine having every woman you ever dreamed of at your fingertips. Imagine that thought, trap it in your head and cum. Explode that wonderful juice for me. Bask yourself in your thoughts, in the thoughts of being rich. ChainLink made your rich. CUM. Repeat every day until Singularity.

>>9177193
WHY ARE CORPORATE LINKIES SUCH COCK TEASES JUST SAY IT YOU FUCKS

>>9177323
yes sir

>>9177163
Thanks anon. Well and simply put

>tfw unironically independent, financially independently in 2018 thanks to the Big Mac problem being solved