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/biz/ - Business & Finance

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10542291 No.10542291 [Reply] [Original]

Press f to spit on swift and Sergey

>> No.10542324

>>10542291
Good, I hope Swift puts some pressure on that lazy fat russian to finally get the mainnet out.

>> No.10542340

>>10542291
Where do they base this on?

>> No.10542627

I had a dream that I was five years in the future and Ripple replaced PayPal.

>> No.10542659

>>10542291
you mean press S

>> No.10543001
File: 191 KB, 448x360, 1532860632373.png [View same] [iqdb] [saucenao] [google]
10543001

>Press f to spit on swift and Sergey
never!

>> No.10543055

>>10543001
(((Swift)))? Gladly. Sergey? Never.

>> No.10543096

>>10542291
SWIFT’s secret weapon is Chainlink. Few know about it and once mainnet comes out they’re going to BTFO Ripple.

Watch.

>> No.10543272

>>10543096
proof

>> No.10543288
File: 27 KB, 396x385, WhenYouKnowLinkInfoTheyDontKnow.jpg [View same] [iqdb] [saucenao] [google]
10543288

>>10543001
FUD be GONE!

>> No.10543290
File: 622 KB, 1920x1080, jesus 2.0.jpg [View same] [iqdb] [saucenao] [google]
10543290

>>10542291
>Press f to spit on swift and Sergey
Behead those who insult prophet Sergey

>> No.10543343

>>10543272
https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms/

>> No.10543367

>>10543343
>https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms/
This needs it's own post on /biz front page

>> No.10543369

>ripple success
Lmao there is none

>> No.10543374

>>10543367
old news

>> No.10543394

>>10543367
no. this is very old and it was the starting point of /biz/ shilling chainlink.

That article is how the majority of pre ICO LINK investors heard about chainlink.

>> No.10543396

>>10542291
Priced in

>> No.10543402

>>10542291
F

>> No.10543403

>>10542291
Press F to fuck OP's mother in the face

>> No.10543414

>>10543374
>>10543394
Thank you. It is hard to keep up with every single piece of Link news. It all seems unreal.

>> No.10543420

>>10543343
omg they won a startup contest this is total and undeniable proof that 11,000 banks are going to buy my bags on binance xD

>> No.10543428

>>10543288
Checked. We will make it.

>> No.10543494

>>10543420
>omg they won a startup contest this is total and undeniable proof that 11,000 banks are going to buy my bags on binance xD

no one claimed that retard. Its not cleart yet if SWIFT will be using Chainlink as the defacto smart-contract system but what is clear is SWIFT is looking heavily into this space and that Chainlink is at the forefront of it.

>> No.10543499

>>10543096
The thing that gets me is that LINK had to raise public funds through an ICO for development. You would think if it was so important to swift they would have thrown $32m at it like it was nothing and sold the tokens OTC and to the public when the product was finished. Doesn't add up.
Ib4
>they had to have an ICO to make it a public decentralized network
There's nothing stopping it becoming a widely available token on exchanges in the situation i described, where swift was involved from the start.

>> No.10543546

>>10543494
>Chainlink
>smart-contract system
Do you even know what chainlink is?

>> No.10543777

>>10543546
you know what the fuck I mean. Didnt realize I had to explain everything to you guys.

Do I need to draw a picture? Wow sue me I called it a smart contract system. You're just cherry picking to be aggravating at this point.

>> No.10543859

>>10543499
the ICO happened before the Swift POC stupid nig nog

>> No.10543877

>>10543859
This.

>> No.10543881
File: 227 KB, 680x443, IMG_0542.png [View same] [iqdb] [saucenao] [google]
10543881

Cmon Sergey....swift needs you....

>> No.10543892

>>10542291
XRP $1000 EOY!

>> No.10543992
File: 213 KB, 1175x695, Swift press release smart contracts 3.png [View same] [iqdb] [saucenao] [google]
10543992

>>10543420
>hurrrr they just won a contest
Is that why Swift lists the Chainlink PoC as one of the key examples of ISO 20022?

>> No.10544019

>>10542324
this

>> No.10544024

>>10542291
>newsbtc.com
Literally some cryptofag shilling his bag.

>> No.10544048

>>10543499
Ico was barely 2M. 29M went to presale, I'd bet at least half of that is swift

>> No.10544110
File: 20 KB, 306x306, 1445692816133.jpg [View same] [iqdb] [saucenao] [google]
10544110

>current year
>cripple

>> No.10544633

>>10543992
ctrl+f chainlink = 0

>> No.10544649
File: 254 KB, 1672x722, Swift press release smart contracts 2.png [View same] [iqdb] [saucenao] [google]
10544649

>>10544633
lmao

Why don't you compare with the Sibos description for Sergey's presentation.

>> No.10544661

>>10543881
It's been confirmed time and time again by people on the team, that it takes no LINK to run a node, so the idea that 'most LINK will be locked up in nodes' is not true. If anything it'll be the opposite, with LINK constantly hitting the market as node operators get payout.

So it seems safe to say that the total supply will actually be pretty similar to the circulating supply. Even throwing LINKies a bone and saying circulating supply is 750 million, that means to reach just $10 it would need a market cap of 7.5 billion dollars, aka a x75 of value. Generous growth in any market, impossible in a bear market. $100? 75 BILLION DOLLARS. The same currently as ETH, XRP, BCASH, and EOS put together.

As for $1000 EOY? Now that is the saddest story of all. Conjured up by little LINK corporals that want to be multi millionaires, and little Linklets that want to be any kind of millionaire. There's no other reason to dream of such a ludicrous price that only a handful of coins could even reach during the greatest crypto bullrun of our times, let alone one with such a huge supply. The only coin I've named with a similar supply to LINK is EOS, which barely broke $20 at it's peak. Enough for the whales of /biz/ to turn a nice profit (assuming even that happens), but gives just scraps for all the Linklets they've deluded along the way. If you aren't following the math by now, it's a 750 billion marketcap by the way. Just shy of a trillion dollars by itself, not even including the rest of the crypto market. Worth almost as much as Apple... Jesus christ this would be sad if it weren't so FUNNY

>> No.10544672

why cant nodes or miners just have their own oracles seeing they are already distributed across the network in a decentralized fashion?

>> No.10544702

>>10544649
i understand you connect extremely loose ends but in reality nobody knows if anythings is 100% tied together its all speculation. maybe you'll know why >>10544672
because sergey said in one of his talks
>you should surely look into it but for all intentional purposes for this talk we will "assume" miners and node can not run their own nodes.

>> No.10544714

>>10544702
>"assume" miners and nodes can not run their own ORACLES

>> No.10544724

>>10544661
>750 billion marketcap
lol
That would mean 750 USD per Link token you trenchbrain.
And only if/when all Link is considered to be in circulation.

Other than that, 2/10 fud. You might get some of the nulinkers.

>> No.10544735

>>10544702
>extremely loose ends
Swift listed the Chainlink PoC as a key example of ISO 20022 implementation.
How in the fuck is this a "loose end"?

>> No.10544744

>>10544724
>Even throwing LINKies a bone and saying circulating supply is 750 million
Linkies can't read, oh man this is perfect lmao

>> No.10544756

>>10544672
>why cant nodes or miners just have their own oracles
Nodes do have their own oracles. That's what nodes do

>miners
fucking lmao

>> No.10544763
File: 52 KB, 220x278, Linksmarine.png [View same] [iqdb] [saucenao] [google]
10544763

>>10542291
na

>> No.10544786

>>10544756
why can't miners/nodes on ethereum when it goes proof of stake or right now with proof of work, miners just have their own oracles ? itll still be decentralized why do you need a totally new layer

>> No.10544798

>>10544744
See >>10544661
>If you aren't following the math by now, it's a 750 billion marketcap by the way

750 billion MC at full circulation is 750 USD per token.
750 billion MC at 750M in circulation is 1k USD per token.

God you're stupid.

>> No.10544800

>>10544724
lol you are so stupid bro
do you dismiss everything as fud? what the fuck are you even doing investing your money top fucking kek

>> No.10544812

>>10544786
>why can't miners/nodes on ethereum
They can run Chainlink nodes all they want.

>> No.10544818

>>10544798
can you still not read his post, delusional Brainlet with cognitive dissonance?

>> No.10544826

>>10544798
>>As for $1000 EOY?
>>If you aren't following the math by now, it's a 750 billion marketcap by the way
>750 billion MC at 750M in circulation is 1k USD per token.
Thanks for agreeing with me now stop embarrassing yourself

>> No.10544829

>>10544818
>>10544800
Sorry for calling out the obviously bunk math.

>> No.10544838

>>10543499
nigger the very second the ICO went up 29m of it was already pre-sold to a "private buyer". Sergey said they'd tell us later who the private buyer was but they never ended up telling us. Now, who the fuck would buy 29m$ worth of LINK? Who the hell knows, but, fact is only 3 million dollars worth of LINK was actually available to ICO buyers, which amounts to 33m LINK.

>> No.10544844

>>10544829
he said let's throw Linkies a bone and assume the circulating supply is 750m, meaning 250m locked in nodes or whatever
considering all you delusional fucks only use a circulating supply of 20 million to 200 million for your bullshit valuations which is just straight up DELUSIONAL

>> No.10544851

>>10544838
he released it to himself
the pre-sale and crowdsale was such a monumental fuck up... they didn't even use a smart contract for it how ironic is that

>> No.10544885

>>10544851
>making up vapourware claims
nice, come back to argue when you have real data. That’s how educated people discuss topic

>> No.10544889

>>10544812
yeah that is not my point i understand that they "can" but why "would" they. Why is it impossible for miners on bitcoin or nodes/miners on ethereum to run their own oracle ? they are already decentralized and validating the network. only answer i have found to this is because of "the nature of decentralization" but i have yet to find an answer. ever article i read is the same shit. "muh nature of decentralization miners and nodes can not be oracles as well" .....but why ?

>> No.10544894

>>10544851
Also
>Sorry you forgot your whiskey ID

>> No.10544896

>>10544826
>EOS got to 20 USD, that's a 750 MC by the way
Take a writing class.
I'm a pro translator and conference interpreter and your writing (or whomever's you stole for this pasta) is a pompous mess.

>> No.10544910

>>10544889
>"muh nature of decentralization miners and nodes can not be oracles as well" .....but why ?
Because mining ETH and running oracles are two different things?

>> No.10544920

>>10544896
>Enough for the whales of /biz/ to turn a nice profit (assuming even that happens), but gives just scraps for all the Linklets they've deluded along the way.
Subject clearly changed back to Chainlink just before the line you're quoting. But maybe that's easy to miss when you're a 'pro translator and conference interpreter'.

>> No.10544972

>>10544826
>>10544661
Also, to shit all over your little "muh MC would be too high" meme:
ETH got to 132 billion just by being a glorified token dispenser.
Chainlink is about to do what ETH did for crypto, only in mainstream finance.

Not to mention the fact that MC isn't an even remotely realistic metric anyway.

>> No.10544997

>>10544972
eth got that high because people were actually buying and using it as a currency
only currency coins and tokens are worth anything in this market

>> No.10545001

>>10544889
Do you not understand that they can? It's called chainlink. The reason they don't do it now, is because there's no infrastructure available to run oracles and collate the data. Or the myriad of other things a secure oracle network needs. That's what link is doing, creating the infrastructure. Anyone can then run a node.

>> No.10545002

>>10544920
You're still talking about the $20.

As in "$20 would be enough for the whales, but just scraps for the Linklets".

>> No.10545020

>>10545002
>trying this hard to tear apart anons post because you're mad about being an illiterate Brainlet
lol

>> No.10545024

>>10542291
>1 post by OP
>65 replies
Why do you dipshits reply to these slide threads? Are you all little schoolboys out on summer break? For fuck sake, use your brains, brainlets. Everyone of you go to hell and suck demon cock. Saged of course.

>> No.10545027

>>10544997
>only currency coins and tokens are worth anything in this market
lmao, sorry but you are clueless.
There are tons of "we're bitcoin but better" shitcoins out there, what made ETH special was the smart contracts.

People were always using ETH as a currency, it only started flying when the shittokens started coming thanks to the smart contracts (which were limited to crypto).
Now imagine what will happen to the system that brings those smart contracts to mainstream finance.

>> No.10545036

>>10545002
>EOS is the only similar top tier coin with a similar supply
>it peaked at $20 in the maddest bullrun in crypto history
>it's only realistic that chainlink will not surpass that
>if it did, it would be enough for the /biz/ whales with 150k link, but not for all the linklets theyve tricked onto their hype train

I can't break it down any more simply then that, brainlet.

>> No.10545046

>>10545027
no one was using eth as a currency until the demand for icos appeared
so let me clarify a bit better... eth gained so much value because it spawned countless ponzis. it was literally it's own gold mine
it has value because it can create money out of thin air

you understand pajeet?

>> No.10545048

>>10543859
>>10543877

>Founded last year, New York-based SmartContract was one of several blockchain startups to be selected by Swift to win a contract at its 2016 Sibos conference. A representative of Swift confirmed to CoinDesk that it is a SmartContract customer. Swift is currently working on multiple blockchain projects with various vendors.

>LINK Issue Date: 2017-09-21

People on here really don't know what they've invested in, do they?

>> No.10545054
File: 49 KB, 490x460, 1516722918899.png [View same] [iqdb] [saucenao] [google]
10545054

>>10544763
if link gets ever above $10 ill buy a Stahlhelm your Image

>> No.10545076

>>10545046
>no one was using eth as a currency
No one? Like absolutely not a single person?

You're proving my point btw, there were tons of "currency coins" out there already, what made ETH special was the smart contracts.

>eth gained so much value because it spawned countless ponzis
Exactly what I said.
And it did that because of the smart contracts.

Now think of what will happen to the system that brings those smart contracts to mainstream finance.

>> No.10545079

>>10545036
>>it peaked at $20 in the maddest bullrun in crypto history
actually, that was in april

>> No.10545097

>>10545048
Wait, what was your point?

>> No.10545110

https://www.youtube.com/watch?v=-BUhzAeqHFU&feature=youtu.be&t=111

Swift on suicide watch

>> No.10545122

>>10545097
Jesus, you lazy cunt. Read what i was replying to.

>> No.10545127

>>10545036
I get what you were trying to say, lil buddy.
Next time group your thema-rhema better.

>> No.10545194

>>10545122
>>10543499
So you're saying Swift should've/would've financed Chainlink if it was important to them?

Let's see how Swift themselves view this matter:
https://www.sibos.com/sites/default/files/sibos_toronto_2017_sibos_issues_wrapup_edition.pdf
>“Small companies need to reach beyond the banks and get investment from venture capital funds.”

>> No.10545202

>>10545194
And in case you didn't know, Sibos is literally Swift.
It's what the first S in "Sibos" stands for.

>> No.10545230

>>10545194
Thanks. I'l have a look at that later.

>> No.10545268

>>10545194
Does anyone have the link to the video on YouTube where Sergey is speaking and says something about the "Swift Chainlink?"

>> No.10545307

>>10545230
The quote itself is from one of the Swift network partners (Pendo Systems), but the fact that Swift included it in its Sibos wrap-up shows that this is a viewpoint they espouse.

That report is a goldmine of good news for third-party middleware btw;
>large chunk of it is about PSD2 (which forces banks to open up their internal APIs to third parties lmao)
>Deutsche Bank saying they're very comfortable with startups adding value to the bank's services
>quote from WEF that "fintech is no longer a threat"
etc.

>> No.10545348
File: 68 KB, 320x320, 1529316083541.png [View same] [iqdb] [saucenao] [google]
10545348

>>10544661
/g/ was always better at being ahead of the curve on the next big thing. They predicted bitcoin years in advance, and ETH as soon as it was announced. They also don't care about LINK and think it will be worthless. It's just retards on /biz/ that hype it.

Really makes you think.

>> No.10545360

>>10545268
Nevermind, found it

https://www.youtube.com/watch?v=Nu-g2nzO8fs

Sergey starts near the beginning, 13:55 is where it gets juicy

>> No.10545377

>>10545348
Because link is built for finance first. There's no real novel implementation of technology here. Just important financial infrastructure needed to get people to actually use smart contracts.

>> No.10545378

>>10545360
"companies like Swift, and we partner with them"

"How this works with the Swift Chainlink"

>> No.10545398
File: 652 KB, 2048x1536, 1530425136647.jpg [View same] [iqdb] [saucenao] [google]
10545398

>>10545360
THE FUCKING SHIRT

>> No.10545404

>>10545348
/biz/ was created specifically to keep crypto out of /g/.

>> No.10545421

>>10545404
yeah and anyone with half a clue left during 2014
biz goes through a cycles just like the market

>> No.10545441

>>10545360
>We work with high quality data providers like swift.

How can people even refute that.

>> No.10545531

>>10545421
>anyone with half a clue left during 2014
And anyone with a full clue stayed and got rich off ETH, ANS, etc.

>> No.10545553

>>10545348
What crypto does /g/ hype now?

>> No.10545570

>>10545553
/g/ doesn't hype any crypto and that other anon is retarded. If you talk about anything crypto related you will get redirected here.

/g/ was ahead of the game on Bitcoin simply because /biz/ did not exist back then. /g/ NEVER talked about Ethereum.

>> No.10545571

>>10545360
>>10545378
clearly using lawyer talk here. Which is not fucking good

>> No.10545581

>>10545570
that was spammed on /b/ before it even hit /g/

>> No.10545591

>>10545553
nothing it's full of windows 10 ricers and phone fags who think crypto is a scam

>> No.10545812

>>10545571
It probably means there are nda's in place so they can't say much more than 'we're working with them'

>> No.10545860

Please post proof of Ripple’s succes.

>> No.10546028

>>10545812
umm no. HE could have avoided mentioning swift altogether. it feels like a fake it till you make it type thing to me

>> No.10546052

Not understanding that (((they))) are shilling ripple to take money from normies. People love a good underdog story, keep your eyes peeled linkmarines, the time is soon.

>> No.10546063

>>10546028
Why would he avoid mentioning swift when chainlink were at fucking sibos? The whole reason why swift is even on our radar and why we would even ask Sergey about swift is because of sibos.

>> No.10546108

>>10546063
so they can stand on their own two feet. mentioning swift in every conversation smell desperate

>> No.10546293

>>10542291
>press f to spit

Fucking newfag detected

>> No.10546415

>>10543096
>SWIFT’s secret weapon is Chainlink. Few know about it and once mainnet comes out they’re going to BTFO Ripple.

this, and unlike the ripple token, the link token will be worth something

>> No.10546425

>>10544661
ancient at stupid fud

>> No.10546446

>>10542291
>f
>spit
Jesus Christ anon, take a long hard look at yourself

>> No.10546531

>>10546446
F is the default action key
S is a direction key
The more you know