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I want some facts about LINK in layman's terms Anonymous Mon Sep 24 18:48:12 2018 No.11198574 [Reply] [Original] [archived.moe]

Ok, I'm tired of all the memes and technical jargon. I'm a semi-brainlet with money and I'm willing to invest in LINK if someone can explain what the hell it actually is and whether or not it has a real future among other cryptos. I've made most of my money off XLM and XRP just by being a coat tail riding trend chaser.

So cough it up /biz/, what is LINK and why should I buy it?

>>	Anonymous Mon Sep 24 18:51:38 2018 No.11198604 fuck off dyor

>>	Anonymous Mon Sep 24 18:51:58 2018 No.11198606 >>11198604 based

>>	Anonymous Mon Sep 24 18:53:18 2018 No.11198617 >>11198574 LINK is the codename for this guy named Jason Parser. Sergey hired him for $32 million dollars to solve the oracle problem.

>>	Anonymous Mon Sep 24 18:55:39 2018 No.11198644 >>11198574 who is that

>>	Anonymous Mon Sep 24 19:00:43 2018 No.11198690 >>11198644 my girlfriend. I'll let you bang her if you answer my question

>>	Anonymous Mon Sep 24 19:01:18 2018 No.11198696 File: 62 KB, 506x395, 1535231925678.png [View same] [iqdb] [saucenao] [google] >>11198574 seriously, nigger?

>>	Anonymous Mon Sep 24 19:01:46 2018 No.11198700 File: 147 KB, 768x964, IMG_6667.jpg [View same] [iqdb] [saucenao] [google] >>11198574 Link is like the first brap in your throats after a long day of wageslaving

>>	Anonymous Mon Sep 24 19:09:30 2018 No.11198760 >>11198574 LINK is a token launched by Line corp, that is basically Asia's Whatsapp. You use it in there digital services.

>>	Anonymous Mon Sep 24 19:10:55 2018 No.11198769 File: 184 KB, 873x728, 435345u2.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Sep 24 19:13:11 2018 No.11198782 >>11198700 who the fuck does these? they're done so well what the fuck

>>	Anonymous Mon Sep 24 19:14:01 2018 No.11198787 Smart contracts are infallible when coded correctlt Smart contracts are not connected to internet Link makes smart contracts talk to the internet

Anonymous Mon Sep 24 19:14:38 2018 No.11198794
File: 510 KB, 992x558, 839FF1DC-458A-404B-BB8D-85F2D71576F7.jpg [View same] [iqdb] [saucenao] [google]

>Priced in
>Bathroom
>Binance hot wallet
>2 developers
>Philosophy major
>$32million for Oracle?
>Cayman Islands
>Erc token
>Go land
>Trip fags
>4th Industrial Revolution
>Big Macs
>11k banks
>Sec security
>Quantum computer on every Street
>NDA
>cube pattern shirt
>SF
>No links needed to run a node
>Replace lawyers
>Rory
>Sigel
>mainnet
>Pivotal tracker
>$1000EOY timeline
>Tiger mommy
>Singularity

>>	Anonymous Mon Sep 24 19:18:19 2018 No.11198830 File: 1.26 MB, 960x1280, IMG_6662.png [View same] [iqdb] [saucenao] [google] >>11198782 Remember to use the sigil

>>	Anonymous Mon Sep 24 19:20:34 2018 No.11198861 File: 90 KB, 1440x275, Screenshot_20180924-191724.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Sep 24 19:23:46 2018 No.11198888 >>11198574 >>11198574 link is garbage and solves a problem in such an un-unique way it could be implemented into *coin in a day.

Anonymous Mon Sep 24 19:26:51 2018 No.11198916

>>11198574
High value smart contracts (e.g. derivatives) need real world data from off-chain in order to execute. You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain. All oracles now are centralized, thereby negating all the advantages that come a decentralized blockchain. Chainlink is the only decentralized oracle project.

The LINK token itself is an ERC20 utility token. Nodes on this decentralized oracle network will be rewarded with it for serving up data to contracts on chain. It will also be staked in nodes for use as collateral/penalty in the case that it feeds a contract bad data.

/spoonfeed

>>	Anonymous Mon Sep 24 19:47:04 2018 No.11199092 >>11198574 It's a scam and will be worth somewhere between dog shit and a pile of garbage one day. Stay away. Xrp, trx and the others are a much better choice.

>>	Anonymous Mon Sep 24 19:48:54 2018 No.11199112 >>11198617 Hahahahaha

Anonymous Mon Sep 24 19:51:40 2018 No.11199147

>>11198916
>High value smart contracts (e.g. derivatives) need real world data from off-chain in order to execute. You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain. All oracles now are centralized, thereby negating all the advantages that come a decentralized blockchain. Chainlink is the only decentralized oracle project.
>The LINK token itself is an ERC20 utility token. Nodes on this decentralized oracle network will be rewarded with it for serving up data to contracts on chain. It will also be staked in nodes for use as collateral/penalty in the case that it feeds a contract bad data.

Probably the most overlooked breadcrumb is that Lawyers are working on making smart contracts legally binding. In order to due so they are showing the legitimacy of decentralized oracles. Imagine, if smartscontract are to be legally binding if the input data came from decentralized oracles. If this happens Chainlink will be attached to every smartcontract powering the smartcontract economy.

$1000 EOY

>>	Anonymous Mon Sep 24 19:54:45 2018 No.11199185 >>11198916 So derivatives, which function damn well atm, need CL to function well ? Ask your school your money back.

Anonymous Mon Sep 24 19:58:46 2018 No.11199223
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>>11198574
You're a lazy brainlet, too.
Learn what a smart contract is.
Learn how trustless systems work.
Learn how to get data from trusted sources into trustless systems while maintaining trust.
(Hint: you can't)
Learn what coding is.
Learn what middleware is and what it's currently used for.
Learn what ChainLink is.
Invest in ChainLink.
It's now $350 because you're retarded (see no. 1 above) and took too long.
KYS.

>>	Anonymous Mon Sep 24 19:58:56 2018 No.11199225 >>11199185 If they're on a blockchain the derivatives market becomes trustless.

>>	Anonymous Mon Sep 24 19:59:13 2018 No.11199230 >>11199185 to function better and more efficient without all the Layers that the banking world is using to make it happen.

Anonymous Mon Sep 24 20:14:23 2018 No.11199385
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>>11199147
The derivatives market is just a portion of what chai link is set out to do.

Can you name one currently used middleware solution?

Hint: they're everywhere.

I was gonna stop writing here but in my annoyance I got excited about sharing knowledge with you guys.

Gaming:
http://bigworldtech.com/games/

Software/Dev:
https://www.rightscale.com
https://wiki.openstack.org/wiki/Swift/APIFeatureComparison
https://github.com/boto/boto

Finance:
https://www.businesswire.com/news/home/20040401005268/en/IBM-Announces-Agreement-Acquire-Candle-Corporation-Acquisition
(Article) https://www.computerweekly.com/feature/Middleware-makes-financial-services-rock-solid

If anyone has questions I'll be on my phone for the next ~20min

>>	Anonymous Mon Sep 24 20:23:14 2018 No.11199457 File: 204 KB, 391x391, received_882846735255112.png [View same] [iqdb] [saucenao] [google] >>11199385 Friends just got here. I'll leave y'all with this. https://degeldpers.nl/data-aan-de-blockchain-koppelen-met-chainlink/ Cheers.

>>	Anonymous Mon Sep 24 20:27:39 2018 No.11199501 File: 173 KB, 639x637, 1536920122955.jpg [View same] [iqdb] [saucenao] [google] >>11198574 >why should I buy it? You shouldn't

>>	Anonymous Mon Sep 24 20:29:23 2018 No.11199518 >>11198794 Damn that was an entire year summed up

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