/biz/ - Business & Finance

Who gives a shit...I'll be sailing around the world with a bunch of 22 y/o roasties

We buy 4chan, change biz to /link/, then every post will be a link thread

That's the true singularity

non linkies would still be richer because for link to hit that high we would need a market wide revolution

its not happening with that total supply

legit kms

>>9752114
PREACH!!!!

Whats the market cap gotta be for this shitcoin to reach $1000?

Every cherry understands the conceptual aspect of the "collision" bar. This garbage, Oracle's technology and partnership link

Don’t even worry about it, it will never be above $1 again

omg I told you hyper inflation was bad, even shitcoins like link cost 1k now

>>9752146
Likely not as high as you think. Staking will be like mining. Eventually stakers will consolidate most Link. Just look at how much btc mining pools own. More and more Link will be hoarded by node operators, who will have increasing rewards. The supply that will be on the market will be a small fraction of the total supply eventually.

The first goal is to provide a distributed Oracle service that will deploy wire gauze on the first project.

>>9752052
i probably will stop coming to 4chan because my private island won't have internet

For Trust, Alice, and Bob, you do not need to use the appropriate Centralized Hack Oracle data. OP can not be trusted.

nolinkers will suicide

>>9752191
Explain to me the reason for staking and how mining would stop market cap being high?

Trustless Smart Contract Ethereum offers $ 1,000 cash. This is a way to program smart money and get consent.

When this hits $1000 I will buy this fucking board.

>>9752052
WARNING MARINES
A discord crew is fuddin LINK up in preparation fo' a pump n' dump. They hope nuff will push so they fomo back up in n' loot they pumped bags. First, they ask fo' LINK memes all dem minutes ago ''Oh /biz/ help, I lost mah meme folda n' all mah LINK memes is gone'' n' then they start a heavy FUD campaign. I aint talkin' bout chicken n' gravy biatch. In tha next few minutes or weeks, they will pump n' dump LINK.
WARNING OVER

>>9752114
If it hits 1K EOY I can assure you every thread will be a LINK thread regardless Lol

How can it reach $1000 without a single proof of concept?

>>9752246
If you’re this much of a brainlet, I would just buy as much as you can without going poor. I don’t think you’ll be able to understand the technicals of the project.

>>9752052
The LINK FUD is insane.

ChainLink is the first project of it's kind whose goal is to provide a decentralized oracle service.

Ethereum is currently worth $1,000 because it offers trustless smart-contracts. Smart-contracts are a way to program the money to do things that's guarenteed. An example would be Bob sends Alice 500 RCN instantly when Alice sends Bob 500 REQ.

But there is a major issue with smart-contracts. Smart-contracts can only access blockchain data. In order to access 3rd party (stock prices, gas prices,weather information, etc) they need an oracle. An oracle is a service that converts 3rd party data into smart-contract usable data. An example would be let's say Bob wanted to make a smart-contract bet with Alice on the outcome of the last superbowl. The oracle that provides the game data would pull the ending score information from Yahoo, Google, NFL.com, etc then send the information to Bob's smart-contract.

The problem here is that the oracle is centralizied, and both Bob and Alice would have to trust this single oracle, which could be hacked, to be providing correct data, and because of that there is no reason to be using a guarenteed trustless smart-contract if the data is not trustless.

This is where ChainLink comes in. ChainLink will offer decentralized oracles that provide trustless data. With this system if Bob and Alice wanted to create that smart-contract they could pull information from multiple LINK nodes, and confirm they are all providing the same accurate data. These LINK nodes themselves could then pull each of their information from Yahoo, Google, NFL, etc. Because the nodes are staked with LINK tokens, if one node is providing incorrect data they would risk losing a portion of their staked tokens. LINK nodes providing correct data will be paid in more LINK tokens.

I hope this explanation clears up what ChainLink does and why it has a massive use case

We are waiting for 11 crashes and 12 months to sell the preserved beef.

"The problem here is that the oracle is centralizied, and both Bob and Alice would have to trust this single oracle, which could be hacked, to be providing correct data, and because of that there is no reason to be using a guarenteed trustless smart-contract if the data is not trustless."

This is the stupidiest thing I've read in my entire life. You are basically saying you should trust, for example, the oracle currently being used by NASDAQ, instead you should rely on an idiot which has a computer on his mom's basement because he is being paid in LINK (ROFL), therefore he IS honest (LMFAO)

Holy shit, that's it, LINK is the absolute meme.

>>9752246
>>9752246
Staking Link on a node provides collateral and gives it reputation, needed to get the good contracts. Businesses and finance will pay multiple nodes to retrieve data from api, and will only want to use trusted nodes to aggregate the data. If a node goes down or provides faulty data, it will have its staked link penalized and will lose reputation.

And I don't mean that it will keep the market cap from being high, likely the opposite. When most of the total supply of Link is locked in nodes, only a small portion will remain on the open market, creating scarcity and raising the price. Market cap is calculated by multiplying the number of tokens/coins in circulation with the price, so it's kind of a meme. Since there is a finite supply, in theory almost every token could be consolidated and locked up in nodes. Link has 18 decimals so a link token could be worth $1 billion usd (not saying they'll go that high) and still be purchased in fractions for businesses to use the network.

>>9752377
I meant
>You are basically saying you should'NT trust

>>9752329
The ico had 32m cap. To buy presale you had to buy in chunks larger than 300 eth. Surely there were some bizraelis here. Now. When ico went live, the available market cap for purchase jumped instantly to 30million, leaving only 2mil left for purchase during the ico outside of presalers. In order to participate in the ico, you had to purchase minimum of 100 eth. This is where most of biz came into play. There were several pools being shared around etc, but they were mainly in the ico camp, not the presales. The remaining 2 mil market cap sold out in about 5 mins counting a 3 min site failure due to traffic. So, Biz honestly does only make up probably 5 percent or so of the link holders, not counting the few large biz whales who were in presales. Infact, 95% of the circulating supply is in the top 100 wallets.
What assblaster said was right, we werent meant to have this, and they want as much of it back as they can get.

>>9752382
Lowkey fud

>>9752377
No bank will want to trust their 100million dollar smart contract to one centralized oracle that could get hacked or the data changed because of a simple bribe. Faggot

Yeah, Banks, exchanges and entire corporations are gonna trust Kevin and his ten year old laptop full of keyloggers, just because YOU CAN TRUST HIM ACCORDING TO THE CHAINLINK network. Also, little Kevin, who lives in his mom's basement at the age of 40 CAN'T BE BRIBED, IT'S IMPOSSIBLE.

HOLY FUCK ARE YOU MENTALLY ILL? SERIOUSLY?

https://www.youtube.com/watch?v=Vp-AmoY8CNA

>>9752574

>>9752589
I would be nicer to you, but the Chainlink shilling and fudding is getting out of control.

Waaaaaay too much, so fuck it.

hey guys
just buy more link like me

>>9752574
Yeah biatch, banks, exchanges n' entire corporations r' gonna trust kevin n' his muthafuckin' ten yea old laptop full o' keyloggers, just bcuz' yo' can trust his ass accordin' ta tha chainlink network. Also, lil' kevin, Who the fuck lives in his muthafuckin' momz basement at tha age o' 40 can't be bribed, dat shitz impossible.

holy fuck r' yo' mentally ill? seriously?

>>9752052
a lot of shitcoins, incl. LINK, will get rekt once BTC decides if it's going to $4K or $15K.

The same thing that happened to eth. 99% wont hold it until $1000 and will sell at whatever value will be enough to make it. Only truest of the marines will be billionaires and part of the new world order

>>9752377
youre missing the point: the data from nasdaq and other sources will be delivered to the smart contract by the oracle nodes. by having the data come form multipe sources it limits the chances of one rogue provider giving false info.

>>9752414

If 95% of the current circulating supply is in the top 100 wallets that gives me a lot more confidence. Not that the wealthy can't be wrong, but you would think because of their status they would have more inside knowledge than the average speculator because they don't just throw around hundreds of thousands to millions on a whim I'd imagine.

LINK 10k WHEN??

>>9752114
This man has the right idea.

>>9752752
10k total volume?
Soon

>>9752377
Wow, just... how... uh... fuck dude did you have a stroke? Are you retarded?

>>9752052
T R A N S C E N D E N C E

>>9752574
>Being this mad
Keep fudding my little baby, I'll never sell.

>>9752382
>a link token could be worth $1 billion usd (not saying they'll go that high)
nice fud

>>9752119
Only sane reply

>>9752855
checked

>>9752119
this

>>9752052
Same thing that happened when Ethereum hit $1000.

Those that made it from their investment will move off from this board only to be replaced by hoards of newfags looking for the next thing to make it.

Itt cope hard & crinj3

>>9752052
I'll give away 50 link

>>9752319
Why stake when link is literally $1000 per coin?

>>9752329
Nice explanation anon

>>9754118
This is the comfiest meme I have ever seen

This will happen
https://www.youtube.com/watch?v=Jf-HZz5Qv8E

>>9754937
this

>>9752728
Yeah - this is like the hugest point to get right about link and to understand why it is important. This kind of application is essentially an entirely new and incredibly hard layer to breach for the security of the banks and finance sector. That part alone is worth billions, let alone all of the other applications which the other marines mention.

If Chainlink hits $1000, then some fun happens.

>>9754957
this is funny

I can't wait to be an oldfag that will brag how he made it with link even trough this times.

>>9756242
They'll say it was easy. No it wasn't, the fud, the mocking, the lack of price action, no news. It wasn't easy...

>>9755066
Why get paid dividends when x stock is $1000?

I'd be more worried about ever reaching $1 again.

>>9752329

Wtf I'm the one who wrote this

>>9752052
Honestly all the larpers that are tricking newfags into buying this shit(myself included) will probably kill ourselves. It wont happen, but thats the basic gestalt of it. Like those fags who knew bitcoin was a ponzi early on and decided to ignore it. I'm sure as fuck they regret it. But it's impossible to tell apart from every other scam money grab.

>>9752052

They'll feel like shit for selling too early, of course.

The prophecy said 1k end of year, but it didn't say which year..

>>9752329
Ya...but you can send non monopoly via Venmo?

Nothing. most people will never come back.

>>9757129
>prophecy
Topkek anon

>>9752052
>What will happen to this board if this shit actually reaches 1000$ ?
The new oligarchy will be a bunch of autistic racist weeb fags

Da link fud be insane.

chainlink be da first project of it's kind whose goal be to provide a decentralized oracle service.

ethereum be currently worth $1,000 cuz it offaz trustless smart-contracts. Smart-contracts is a way to program da Benjamins to do things dat's guarenteed. An example would be bob sends alice 500 rcn instantly when alice sends bob 500 req.

but derr be a major issue wit smart-contracts. Smart-contracts can only access blockchain data. In ordah to access 3rd party (stock prices, gas prices,weathah information, etc) they need an oracle. An oracle be a service dat converts 3rd party data into smart-contract usable data. An example would be let's say bob wanted to make a smart-contract bet wit alice on da outcome of da last superbowl. Da oracle dat provides da game data would pull da endin' score information from yahoo, google, nfl.com, etc then send da information to bob's smart-contract.

da problem here be dat da oracle be centralizied, an' both bob an' alice would gots to trust this single oracle, which could be hacked, to be providin' correct data, an' cuz of dat derr be nah reason to be usin' a guarenteed trustless smart-contract if da data be not trustless.

this be where chainlink comes in. Chainlink will offah decentralized oracles dat provide trustless data. Wit this system if bob an' alice wanted to create dat smart-contract they could pull information from multiple link nodes, an' confirm they is all providin' da same accurate data. These link nodes themselves could then pull each of their information from yahoo, google, nfl, etc. Cuz da nodes is staked wit link tokens, if one node be providin' incorrect data they would risk losin' a portion of their staked tokens. Link nodes providin' correct data will be paid in more link tokens.

i hope this explanation clears up wat chainlink does an' why it has a massive use case

>>9752119
>its not happening with that total supply
Fortunately, most circulating supply will be staked in nodes for passive income

>>9752052
If such a miracle ever happens, I will be so piss rich I will start giving out free crypto to everyone here. I will start asking for adresses and throw in thousands of dollars, and won't stop until people beg me to stop.

>>9752095
>22 year old roasties.
>not qt virgin teenagers.

You will never make it, linkies have awful taste.

>>9752114
Every other thread is basically a LINK thread, so it wouldn't be changing much.

>>9752052
What movie is this from?

>>9752119
This

>>9752329
So it has taken them all this time to deploy what literally amounts to a data scraper with sub ID to identify itself? A simple PHP script can scrape data. That script can be Plug & Play on any website. You could even make it run as JavaScript making it even easier to copy / paste. The big problem with all of this is, none of the data sources are static. Their code is ever-changing. The services would go down 100% without a doubt at some point. The amount of required API tie-ins would be infinite. None of this can be automated, and none of it is infallible. It will still 100% rely on centralized sources for the data it scrapes and or pulls through API. This is script kiddie dream bullshit. There is no way to pull all this data from all these sources, have it be completely secure and reliable. The number of different types of data this Oracle could provide would always be extremely Limited. I think you were trying to explain the value of Link, but as a programmer who has never paid much attention to link, you just convinced me why I should never buy it. Show me a working example that is dynamic enough to matter. None of it matters if the code is fixed, it has to be able to pull any data point automatically to have any value. Unbelievable.

>>9757046
Wtf I'm the one who wrote this

>>9752119
this

>>9752713
the best part about waiting until the price singularity is that we'll be making decent passive income via staking

>>9760095
>last time i checked, the canadian gov is investigating and interested.

http://cradpdf.drdc-rddc.gc.ca/PDFS/unc302/p806401_A1b.pdf

>Also a lot of the bankers working on the open banking API initiative.

http://www.thebanker.com/video/v/5776731742001/paul-horlock-chief-executive-officer-new-payment-system-operator-ndash-view-from-bfl-2018

We are all gonna make it.
>Pic related.

It's more possible for it to reach negative value than to reach even 50 USD.

But dreaming costs nothing and I hope LINK moons so the fags here can finally taste a bit of happiness.

>>9752855
witnessed and nice meme, lad

>>9760110
>bankers arwe working on API's! Wow LINK is a go!
>ctrl +F "chainlink"
>it is implied! IMPLIED
>hold on tight!

>>9752119

>for link to hit that high we would need a market wide revolution

link is the market wide revolution, smooth brain

>>9752119
you are missing the point of link.
link is the end of crypto as we know.
shitcoins will cease to exist mostly
tokenization?ahahaha
link doesn't even need btc to go a run. it will just eat most mcap of the other coins.

Will i make it with 25k Link?

>>9759094

>>9761617
Going in my C:/LINK/ folder

>>9761498
nigga I only got 3k

>>9752574
That poor kevin will lose his precious link that he has held in escrow if he tries to fuck the system.

a world full of millionaire 4channers

>>9761450
Where my super long term bulls at? I believe that LINK will be a revolutionary technology, and am willing to wait 5 or more years for it to come to full fruition.

1000 lol

If link ever gets to 1$, this wilm be a success and every threas will be link thred.

>>9761757

>>9761780
we right here dawg.

When link hits 1000usd I'm going to sell it for bitcoin and travel the world pretending I bought bitcoin in 2012 and have been living like that since. In reality I'm wagecucking for 18usd after tax as a fucking train janitor.

>>9752119
Lmao nolinker delusion

>>9752329
Fat, 2 dev's, philosophy major no use case pajeet pump and dump already dumped their own coins CEO working on new project test net is up and no one is even using it solves problem that doesn't exist literally no reason to use it when we have iota

>>9761780
I'm getting a Chainlink logo engraved on my tombstone.

>>9752052
Lots of salty no-linkers. they will try to get everyone to go to a new /biz board.