/biz/ - Business & Finance

[Anonymous No.11317070]

You still don't get it?

>The first 5 Chainlinks are live! Connect with flight status information, package delivery data from FedEx, UPS, DHL, and price data from three different crypto price oracles.

Market Waves = BiTA = FedEx, UPS, DHL founding members
D1 = Insurance = AXA Fizzy (flight), etc.
Just the first 5!

[Anonymous No.11317130]

It don't matter. None of this matters.

[Anonymous No.11317174]

>>11317070
link is shit

[Anonymous No.11317214]

>>11317130
That's where you're wrong though.

[Anonymous No.11317246]

anyone else find the idea of a cluster "decentralized" API system creepy?
why not just use 1 API

I mean for example take fedex tracking... who's going to have more reliable data than fedex itself? why trust a group of APIs that are just grabbing data from fedex anyways

[Anonymous No.11317468]

>>11317246
that secures the delivery apparently

[Anonymous No.11317517]

>>11317246
you still don't get it, read the whitepaper again

[Anonymous No.11317555]

>>11317174
You are a BIG MAC

[Anonymous No.11317562]

>>11317130
This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

[Anonymous No.11318773]

>>11317070
They only need one oracle for each though. The decentralization thing was a meme

[Anonymous No.11318803]

>>11317562
This. I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.
'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling anons.

[Anonymous No.11318819]

>>11318803
The only way to have companies using crypto, is to force them to (by making it economically sucidal not to) accept crytpo.

[Anonymous No.11318835]

>>11318803
This. The link delusion continues. Imagine being the person who believes that a gypsy russian with a philosophy degree and no programming experience is going to instantiate a global, paradigm shifting economic system where banks and other entities are going to willfully funnel hundreds of billions of dollars into and sit around idly while said gypsy russian and his family of neet fags take profits. Now imagine being the person who believes that the worlds banking cartels, with arguably some of the most brilliant computer scientists out there, are going to sit by and let a gypsy russian take profits they could have had by using a simple JSON parser. Consider this snippet from the following article: [https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10736960/High-frequency-trading-when-milliseconds-mean-millions.html] "No wonder that Spread Networks, the company building the fibre-optic connection, proudly boasted: “Round-trip travel time from Chicago to New Jersey has been cut to 13 milliseconds.” And HFTs were willing to pay through the nose to use it, with the first 200 to sign up forking out $2.8bn between them." These fucking jews spend billions of dollars just to get a 13 millisecond improvement so their algorithms can get the data faster. So you're telling me that if there was any money in the chainlink area these guys wouldn't be all over it? Get the fuck out of here. So explain to me why this is going to work again? Or is it just a PnD like 99% of other crypto's out there.

[Anonymous No.11318875]

>>11318803
You are a dumbshit.

Next year banks in Europe will be required to open their APIs in an effort to increase competition. Chainlink will allow banks to monetize their APIs. If you google “Chainlink PSD2” you’ll find results where people discuss it more in-depth

APIs is the future because the simple truth is. The system is old and it IS broke and needs to be fixed. Chainlink is right there ripe to be a cog in the new system.

If you don't know about banking and APIs just google it as I said. It will become the standard next year.

[Anonymous No.11318885]

>>11317214
No gold chain, this angers me

[Anonymous No.11318902]

[Anonymous No.11318931]

>>11318875
What the fuck are you even saying?
>Chainlink will allow banks to monetize their APIs
Banks already can and do monetize their data feeds.

Not to mention the production version of Chainlink on the testnet is a simple JSON parser that can only transcribe data from one websites API into a non self executing smart contract. The chainlink devs literally cannot deliver even a semeblance to the product envisioned in the whitepaper and you think banks are going to use this trash?

[Anonymous No.11318946]

>>11317070
why is the price not doing shit?
this seems like huge news

[Anonymous No.11318954]

>>11317070
This is going to be one of the hardest dumps on main-net and the project will basically fail because people will never use it for anything other than to PnD, which will completely fuck the tokenomics and make the whole thing useless. Sergey will realize this and just disappear along with the rest of the team. SWIFT and co will realize this, and begin to quietly remove any references they have to this embarrassing experiment which - who knows, might have succeeded if it wasn't for the retards who infest this place and run painfully obvious shill and fud campaigns. Many of you will experience the kind of hopium crash which actually kills people, and I suppose suicide is a fitting reward for some of the more smug retards who clutter up this board, but I hope it isn't all of you.

There will be no more memes, no more dreams of lambos or whatever NPC tier 'rich person's car' you've picked out in your imagination as you're left in the dirt holding a bunch of link bags. Even a fraction of the money some of you invested in link could have helped you make it during the next bull-run in a legitimate project. Imagine that. THAT is what you should be visualizing. Not your stupid fucking holiday home, not your imaginary future "faithful" gf / wife, nor an early retirement where you don't need to toil away at menial tasks for your betters from inside your 9-5 existential prison cell - you should instead be visualizing yourself scraping together what little money you have left in the wake of your devastation to try and ride something like BAT or Holo up, and your dream of MILLIONS OF DOLLARS suddenly becomes a much more realistic 100k-200k at most. I mean it's not bad - more than you intellectual runts probably deserve. You'll all see I was right. I always am.

[Anonymous No.11319288]

>>11317246
I think the idea is like, we are tying our transaction to the fedex API via a smart contract to prove i delivered you an item.

The real fun begins when people realize fedex api doesnt show you were an item was delivered, just that an item was delivered.

So if you actually wanted to have a smart contract for this, youd still need to trust some website that purchased the shipping with your address. Or we would need to put your full name and address on a blockchain.

[Anonymous No.11319294]

>>11318931
Your a dumbshit. dont invest Stay poor and get off the Chainlink threads. simple fix for your life.