LINK BREADCRUMBS PART 2: AUSSIE BOOGALOO

[Anonymous No.11534745]

Good shit in this thread ln:
> >>11528030

Got some time today and started digging more

Great call on Phillipa Ryan, thats not a name we hear on biz too much, maybe never before, actually:

>http://www.abajournal.com/legalrebels/article/philippa_ryan_developing_trust_blockchain/

"With knowledge in law and blockchain, she is a leading member of the International Organization for Standardization technical committee on blockchain and distributed ledger technologies. Being a part of Standards Australia and the committee’s secretariat, she says the work intends to produce high-level guidelines for governments and technologists to use when legislating or developing the technology around the globe."

"She points to a common belief held by some of the technology’s evangelists that the decentralized nature of blockchain and the things built on it, such as cryptocurrency, puts it outside of the law. Ryan expects the standards, which will be finalized in 2020"


Also mentioned in here is Jed Horner, head of technology standards for Standards Australia

"Dr Jed Horner is Policy Manager for Standards Australia. His responsibilities have included next generation infrastructure, with a focus on smart technologies, social policy, Industry 4.0, and digital transformation more broadly.

Previously, he worked for the NSW Government on innovation and digital government transformation"

[Anonymous No.11534798]

Dont have as much time as id like right now, so im just gonna post links, and sorry no time for Kates.

> https://www.afr.com/technology/australia-in-driving-seat-as-global-blockchain-standards-take-shape-20180906-h151w7
>https://www.cio.com.au/article/646118/consortium-launches-australian-national-blockchain/
>https://www.herbertsmithfreehills.com/our-people
>https://www.artificiallawyer.com/2018/08/29/hsf-ibm-build-australian-national-blockchain-for-smart-contracts/

[Anonymous No.11534857]

>>11534745
>With knowledge in law and blockchain, she is a leading member of the International Organization for Standardization technical committee on blockchain and distributed ledger technologies. Being a part of Standards Australia and the committee’s secretariat, she says the work intends to produce high-level guidelines for governments and technologists to use when legislating or developing the technology around the globe.

https://www.youtube.com/watch?v=iEHqPCA_lzQ

[Anonymous No.11534863]

You know I love my artificial lawyer:
>https://www.artificiallawyer.com/2018/09/07/what-the-rocket-lawyer-openlaw-smart-contract-deal-means/

Herbert Smith Freehills in this article about openlaw/RL/CL

[Anonymous No.11534894]

And here is a more explicit connection
>https://www.afr.com/business/legal/herbert-smith-freehills-king--wood-mallesons-back-australian-national-blockchain-20180905-h14yg3

[Anonymous No.11534946]

>>11534894
Ill paraphrase

>"Currently, many contracts are drafted, signed, and put in a draw and are only retrieved in the case of a dispute. By coding the clauses and running them on a blockchain, agreements can be turned into something that can keep track of obligations in real time, and feed information back to lawyers and clients during the life of the contract."

>"An example of a contract that could operate on the Australian National Blockchain would be a logistics agreement governing a supply chain; sensors attached to the internet of things could provide data on location or the condition of goods, and the contract could be programmed to self-execute when specified contract conditions are met. For example, when a load of materials is delivered a bank could automatically trigger the payment.

Lawyers will also use it to create notification algorithms, to inform them and their clients when changes are made to legislation or regulation underpinning contractual terms."

>"The creation of the Australian National Blockchain comes after Mr Farrell and King & Wood Mallesons senior associate Claire Warren published a landmark analysis on the firm's website in July 2016, titled How to use humans to make smart contracts truly smart."

Here is that paper: https://www.kwm.com/en/au/knowledge/insights/smart-contracts-open-source-model-dna-digital-analogue-human-20160630

[Anonymous No.11535021]

Ok time to name names, All I need you guys to do is choose a name, run a google search against it, or try twitter, whatever you think will be useful, you never know.

Phillipa Ryan
>https://conferences.law.stanford.edu/futurelaw/speakers/philippa-ryan/

Tony Lai
>https://conferences.law.stanford.edu/futurelaw/speakers/tony-lai/

Phillipa and Tony were cochairs at this: >https://conferences.law.stanford.edu/futurelaw/sessions/beyond-icos-blockchain-legal-tech/
>standford is really good about uploading media;
>https://www.youtube.com/watch?v=4w6NQI13nzY&t=0s&index=8&list=PLAx1YswjkDmMPohTuirHCMhjafdoJiIcV
>https://www.youtube.com/watch?v=q3cvkf2SUPA

[Anonymous No.11535029]

[Anonymous No.11535076]

More Names:

Craig Dunn
>Westpac director
>Important in ISO
>https://www.afr.com/technology/australia-in-driving-seat-as-global-blockchain-standards-take-shape-20180906-h151w7
>youll find a china connection in here kindA:
>https://www.coindesk.com/political-china-hates-bitcoin-loves-blockchain/
>https://cryptovest.com/news/china-australia-set-up-blockchain-ties/
>https://www.afr.com/technology/china-and-australia-deepen-blockchain-links-20180905-h14ycd

>"With the exception of ASX's project to replace its CHESS equities clearing and settlement system with blockchain, many pilots of the technology in Australia are merely dipping toes in the waters.
Nevertheless, China is paying close attention to Australia's role chairing the International Standards Organisation (ISO) group (known as Technical Committee 307), which is developing standards for blockchain."

>"Craig Dunn will tell the Wangxiang summit that Australia wants China closely involved in the standard setting."

You all are noticing alot of these articles are written by James Eyers I hope. Hmm

[Anonymous No.11535177]

Im a bit scatter shot today it seems. More names:

Peter Hiom

>This was the guy that got me going last night, the head of ASX, if you remeber from last night
>"https://www.ccn.com/australian-stock-exchange-to-roll-out-blockchain-settlements-in-2021/"

>https://www.coindesk.com/asx-ceo-confidence-distributed-ledger-blockchain-rd/

>"We have also made good progress with our technology partner, Digital Asset Holdings, to build base-level functionality to facilitate cash market settlement."

>https://www.youtube.com/watch?v=OALvirhOcB4
>"ASX CEO talks CHESS replacement and blockchain"

[Anonymous No.11535190]

>>11534745

[Anonymous No.11535369]

>>11535177
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 though anons.

[Anonymous No.11535452]

>>11534894
>The legal profession is helping to create a blockchain to deliver "contracts on steroids" by turning paper-based legal agreements into computer code to transform them into proactive risk management tools.

You guys always rustle my jimmies, I dont want to be deluded and crazy.

[Anonymous No.11535475]

>>11535452
This should help

>https://www.asx.com.au/documents/public-consultations/chess-replacement-new-scope-and-implementation-plan.pdf

[Anonymous No.11535495]

>>11535475
From that, page 6

>"ASX will replace CHESS with a post-trade solution that provides users with more efficient clearing, settlement
and other post-trade services through improved record keeping, reduced reconciliation, more timely
transactions, and better quality data.
The new system incorporates a permissioned distributed ledger that will provide benefits for users.
However, ASX recognises that users will require flexibility as to how they connect to the new system. Users
may choose to connect and transact by sending and receiving messages in a similar way as today or they
may choose to take a DLT node and interact directly.
The DAML Software Development Kit (DAML SDK) being offered by DA will enable stakeholders to develop
DAML based applications that integrate directly with a DLT node. This will allow them to leverage data and
services they are permissioned to access and facilitate real time and deeper integration into their existing
processes.
For those using messaged based interaction, ASX has previously announced its intention to replace the
proprietary CHESS message protocol with the global standard of ISO 20022. This will streamline the existing
suite of messages, facilitate more efficient processing and provide a richer data set.
All permissioned users will also be able to request and access data they are entitled to through a modern,
secure Application Programming Interface (API).
All users, regardless of their connection choice, will be subjected to an on-boarding process governed and
managed by ASX.
The new technology, accompanied by a commitment to use global message standards and APIs, will
facilitate non-discriminatory access to market operators (including non-ASX affiliated operators) and/or
other licensed clearing and settlement facilities."

[Anonymous No.11535583]

>>11535495

>"6. Digital Asset (DA) Platform and Node Access
As previously outlined, users have the option to maintain their existing systems by connecting to the new
system with standard XML ISO 20022 messaging, and utilising on-demand access to data. Alternatively they
may choose to perform a deeper integration by taking a DLT node and utilising the Digital Asset Modelling
Language26 (DAML) to develop integration applications, and bypass XML messaging entirely.
The DA platform combines DLT and the DAML to allow the mutualisation of workflow processing between
ASX and users. The users who are operating on ASX’s DA platform are able to share a single source of truth
which provides continuous data integrity, increased transparency where required, and the opportunity for
innovation.
The new system consists of a post-trade application, written in DAML, which interfaces with the DA
platform. The DA platform processes the business logic for the cash equities market and sends this to the
distributed ledger.
Users will have the opportunity to interact directly with the new system via a node. In addition, DA will offer
its DAML Software Development Kit (DAML SDK) to enable users and 3rd parties to develop DAML based
applications that integrate directly to a node. This will allow a real time and deeper integration into their
existing processes and to create new applications that leverage the data and services they are permissioned
to access.
The DAML SDK was released via a developer program in a Beta version on 19 April 2018. For organisations
interested in downloading the DAML SDK Developer Preview, registrations are accepted at www.daml.com. "

[Anonymous No.11535670]

https://i.warosu.org/data/biz/img/0111/60/1537550956364.png

Goddamnit you all are lazy today

[Anonymous No.11535675]

So Australia is really the key to all this, huh

[Anonymous No.11535742]

>>11535670
>>11535583
>>11535495
>>11535475

https://medium.com/daml-driven/smart-contract-code-when-what-you-dont-write-is-as-important-as-what-you-do-d11725a9fb4

https://medium.com/daml-driven/keeping-smart-contracts-private-is-hard-unless-you-truly-understand-them-920b31d723e4

https://medium.com/daml-driven/a-new-language-for-a-new-paradigm-smart-contracts-648cc30294ad

https://medium.com/daml-driven/the-only-valid-smart-contract-is-a-voluntary-one-easier-said-than-done-726df37c04c

[Anonymous No.11535750]

>>11535675
Whats the name of the thread friendo?

[Anonymous No.11535853]

>>11535475

>ASX is aiming to commence incremental software drops into externally available test
environments from Q2 2019 and to have the majority of the functionality available for industry-wide testing

if im not reading this wrong, Q2 2019 would be the time of confirmation if theyre gonna try and test oracles to connect with ASX's smart contracts on their own blockchain?

[Anonymous No.11535861]

Somebody has posted this before to an extent:
>>>/biz/thread/9130501

[Anonymous No.11535877]

[Anonymous No.11535878]

>>11535853
And will it really be LINK?

[Anonymous No.11535900]

>>11535750
What the fuck have you gotten me into, ARRGGHHH thats enough 4chan for me today

[Anonymous No.11535918]

Thanks for the sleuthing, marine. The Standards Australia lead from yesterday peaked my interest, also the IBM developers blog about using oracles with hyperledger. I’m going to save this thread for later when I’m done wagecucking for the day, sorry I can’t contribute right now

[Anonymous No.11535921]

>>11535900
>>11535878
>>11535877
>>11535853

That PDF is the guts of ASX's new system to replace chess. Ctrl + F DAML. Then go back and find some old threads about DAH/DAML and Blythe Masters/Ari Jules/Sergey

this is literally it

[Anonymous No.11535954]

>>11535918
>>11535900
>>11535877
>>11535675
>>11535452
>>11534857

If somebody has a gift for making info graphics, this would be the time.

I gotta go wagecuck, ive been at my desk at work doing literally nothing else since 930

[Anonymous No.11536000]

>>11535954
Great commitment anon, thx.
Shorten things up for the majority and just drop a time assumption and a price to it. Thx again.

[Anonymous No.11536013]

>>11536000
Sick digits.

Ive got no skill for price and time prediction, and i dont trust most people that claim to.

Im just good at skimming articles essentially.

[Anonymous No.11536035]

ooooooooo

[Anonymous No.11536043]

>>11535861

>>>/biz/thread/10519830
Somebody was really into this connection in april, wonder where they are now

[Anonymous No.11536192]

https://www.afr.com/business/banking-and-finance/asx%20to%20upgrade%20to%20blythe%20master's%20blockchain-inspired%20digital%20asset%20holdings%20technology-20171206-h00avz

"The ASX may consider adapting DLT into other markets, including the $2 trillion cash debt market – which the ASX clears through its Austraclear business – and the derivatives market. If the DAH system is used in derivatives, a "consensus mechanism" that will allow transactions to be validated in the absence of a trusted central party can be added.

Market participants will retain the option to continue to use existing messaging techniques to clear and settle trades under DAH's system.

ASX deputy chief executive Peter Hiom said the ASX had formed a strong partnership with DAH over the past two years and the announcement "puts us ahead of other exchanges, which we know are watching carefully"

Fucking blink once if you fuckers are awake still.

[Anonymous No.11536203]

>>11536192
"The ASX also said on Thursday it was exercising its right to participate in DAH's recent Series B fundraising by subscribing for $US3.5 million ($4.65 million) in convertible notes.

The ASX and DAH have an agreement to work exclusively in Australia and New Zealand. DAH has ambitions to sell its DLT technology to other global market operators; the ASX and DAH have not disclosed their commercial arrangements relating to export opportunities. "

[Anonymous No.11536228]

https://www.finextra.com/pressarticle/65541/digital-asset-holdings-raids-finance-sector-for-new-hires

[Anonymous No.11536284]

https://www.baka.com.au/business/banking-and-finance/asx-will-be-a-global-blockchain-pioneer-blythe-masters-20160322-gnobke.html

"Ms Masters said the technology she is helping to build could eliminate reconciliation activity, which "adds up to tens of billions of dollars and waste" in banks and brokers around the world. "There are ultimately some real benefits in terms of cost reduction," she said.

ASX has said it could lose about $90 million in annual revenue earned from clearing and settlement services under the status quo if the technology is adopted – which Ms Masters is confident about.


In January, ASX paid $14.9 million for a 5 per cent equity stake in Ms Masters' company, Digital Asset Holdings. Digital Asset is also working with ANZ Banking Group and other global banks and market operators."

[Anonymous No.11536298]

>>11536284
"Ms Masters said the technology she is helping to build could eliminate reconciliation activity, which "adds up to tens of billions of dollars and waste" in banks and brokers around the world. "There are ultimately some real benefits in terms of cost reduction," she said.

ASX has said it could lose about $90 million in annual revenue earned from clearing and settlement services under the status quo if the technology is adopted – which Ms Masters is confident about.

Mastermind of the credit default swap
In January, ASX paid $14.9 million for a 5 per cent equity stake in Ms Masters' company, Digital Asset Holdings. Digital Asset is also working with ANZ Banking Group and other global banks and market operators."

[Anonymous No.11536311]

>>11536298
>>11536284

"Firms are under enormous pressure to radically rethink business models, and we are not talking about shaving 5, 10 or 15 per cent off the cost base … We are talking about shaving 50, 60, 70 per cent out of cost bases...," she said.

[Anonymous No.11536360]

jiijijiPPPIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII

[Anonymous No.11536393]

>>11536360
wut

[Anonymous No.11536424]

http://www.chain-finance.com/2016/04/20/digital-asset-acquires-swiss-tech-firm-for-smart-contracts-alternative-modeling-language/

[Anonymous No.11536437]

[Anonymous No.11536441]

>>11536437
$10000 EOY

[Anonymous No.11536490]

>>11536437
Good shit m8

make one if you can, mentioning Peter Hiom and Blythe's quotes about much money thatll save and how much their derivatives are worth.

[Anonymous No.11536496]

this is all great, but after a year of research im burnt out and don't really care anymore for new info. "this shits in the bag" as us stinky linkies like to say

[Anonymous No.11536504]

>>11536284
>baka.com

[Anonymous No.11536512]

>>11536437
Ahhhh YESHHHH WINNING MOTHERFUCKERS

WE ARE JUST WINNING

[Anonymous No.11536540]

Still feel poor with 400k stinkies. I just keep buying.

[Anonymous No.11536544]

>>11536437
>https://www.afr.com/business/banking-and-finance/asx%20to%20upgrade%20to%20blythe%20master's%20blockchain-inspired%20digital%20asset%20holdings%20technology-20171206-h00avz
>"The ASX may consider adapting DLT into other markets, including the $2 trillion cash debt market – which the ASX clears through its Austraclear business – and the derivatives market. If the DAH system is used in derivatives, a "consensus mechanism" that will allow transactions to be validated in the absence of a trusted central party can be added.
https://www.afr.com/business/banking-and-finance/asx%20to%20upgrade%20to%20blythe%20master's%20blockchain-inspired%20digital%20asset%20holdings%20technology-20171206-h00avz

"The ASX may consider adapting DLT into other markets, including the $2 trillion cash debt market – which the ASX clears through its Austraclear business – and the derivatives market. If the DAH system is used in derivatives, a "consensus mechanism" that will allow transactions to be validated in the absence of a trusted central party can be added.


and

https://www.baka.com.au/business/banking-and-finance/asx-will-be-a-global-blockchain-pioneer-blythe-masters-20160322-gnobke.html

"Ms Masters said the technology she is helping to build could eliminate reconciliation activity, which "adds up to tens of billions of dollars and waste" in banks and brokers around the world. "

ASX has said it could lose about $90 million in annual revenue earned from clearing and settlement services under the status quo if the technology is adopted – which Ms Masters is confident about.

and
https://www.baka.com.au/business/banking-and-finance/asx-will-be-a-global-blockchain-pioneer-blythe-masters-20160322-gnobke.html

""Firms are under enormous pressure to radically rethink business models, and we are not talking about shaving 5, 10 or 15 per cent off the cost base … We are talking about shaving 50, 60, 70 per cent out of cost bases...," she said."

[Anonymous No.11536562]

>>11536544
>We are talking about shaving 50, 60, 70 per cent out of cost bases
witnessed

[Anonymous No.11536569]

>>11536496
Pretty much this. It's nice to see new things pop up, but nothing will surprise me anymore and I won't bother looking into new info.
I'm just collecting memes now, waiting for the Singularity.

[Anonymous No.11536595]

>>11536562
Honestly this is the most exciting thing ive seen all day researching. Any if you are so inclined to make price predictions based on revenue saved, these would be fun numbers to tease.

[Anonymous No.11536603]

What're the other date(s) for conferences this month, frens?

[Anonymous No.11536612]

>>11536569
some anon in some thread today said something about how there's so much information out there, that it takes a decentralized team of NEETs to pieces things together. Yeah, marine, we've done our bit for chainlink research and now we're retired and on reserve. It was an honor to serve in the chainlink community research arm

[Anonymous No.11536630]

>>11534745
Anon this is solid gold. This is all solid gold. I was in the Oz thread yesterday. It is stuff like this that makes it worthwhile wading through all the crazy shit on biz.

These links are great. Please keep up great work. I saw Blythe Masters mention DAML in the morning chat at ASX and have been meaning to find out more about it.

Also, great to have more info on ASX implementation plan. I care about this shit b/c I'm a link marine but also b/c I unironically believe smart contracts are going to be transformative and I'm doing everything I can to learn more about them. Much appreciate your sharing all this info.

[Anonymous No.11536683]

>>11536612
>It was an honor to serve in the chainlink community research arm
Likewise, brother. Let the young ones take over now, we've seen enough.
Walk tall.

[Anonymous No.11536684]

>>11536612
yeah man that was me last night
>>11528030

I tend to just post Kate Bush pics as identification I really dont wanna make a trip for obvious reasons(its fucking lame)

But everything I post is online research, no larping or predictions or ac ro nym s, so who cares if someone pretends to be me? As long as the template of providing readily available online info is the same and as long as that info is good then im fine w it.

[Anonymous No.11536692]

>>11536569
based

[Anonymous No.11536727]

>>11536630
Glad to have ya

Here some great spots to really go in on ASX

https://www.asx.com.au/about/media-releases.htm

Really big trove of press releases, this is where I found this:

https://www.asx.com.au/documents/public-consultations/chess-replacement-new-scope-and-implementation-plan.pdf

[Anonymous No.11536770]

>>11536595
>Honestly this is the most exciting thing ive seen all day researching. Any if you are so inclined to make price predictions based on revenue saved, these would be fun numbers to tease

Yes, I've said this before. when I started researching clearance and settlement of stock trades, was amazing how janky and wasteful the current process is. See this https://gendal.me/2014/01/05/a-simple-explanation-of-how-shares-move-around-the-securities-settlement-system/

by the CTO of R3, maker of Corda enterprise blockchain.

Basically like 10 different players each with their own records that have to be reconciled. whenever stocks trade hands. Takes like 100ths of a second to EXECUTE a trade but then it takes 3 DAYS for the shares to actually change hands, aka "settle."

Handling this with DLT and smart contracts seems BEYOND obvious. So, question to ask yourself is, when this goes live, and cost of trading on ASX goes down by 100 (or maybe 1000) and number of errors (which are super fucking costly to deal with b/c the require labor intensive reconciliation by players that do not trust each other) goes down by 1000, what does that do to place of Australian Stock Exchange in the world. How many stories in WSJ will be written about this?

What does THAT do for adoption of smart contracts and DLT in every other industry, with boards at Disney, and ExxonMobil, and you name it saying to CEO and CFO and CTO -- why the fuck aren't YOU jumping on this to get 80% cost savings.

All these bullshit stories in the press about how "everyone is over the hype of blockchain and it doesn't do shit" are TOTALLY fucking missing the point.

It's all right there. But it's going to start at the enterprise level. That's why, desu, I like openlaw and wish them well, but I honestly don't think the deal with rocketlawyer is going to do much in the real world.

I think this happens with the big enterprises. Thankfully they are being at least SORT OF transparent about it.

[Anonymous No.11536773]

>>11536692
;^)

[Anonymous No.11536780]

>>11536437
>>11536490
New version

[Anonymous No.11536781]

>>11535675

If I can remember correctly. Drunkanon stated something like

"Australians love Chainlink, thats all im gonna say"

[Anonymous No.11536784]

>>11534745
I haven't read any of these breadcrumbs but I just wanted to drop by and say that chainlink will trigger the next bullrun.

[Anonymous No.11536827]

Marines Assemble!
https://youtu.be/tWdHOm256N4

[Anonymous No.11537063]

>>11536540
How the fuck do you guys get so many? I've been putting every cent in this going hungry for like 8 months and I only have 50k

[Anonymous No.11537102]

>>11536827
What the fuck did I just watch
>T. zoomer

[Anonymous No.11537131]

>>11537063
>>11536540

I only have 7k
I need to start charges per post fucking a

[Anonymous No.11537153]

>>11536684
>Be careful not to practice your righteousness in front of others to be seen by them. If you do, you will have no reward from your Father in heaven.
Fear not fellow marine. Kek shall reward those who dont don a trip code in a vain search of glory. We'll all reap the rewards together eoy.

[Anonymous No.11537727]

>>11537063
They put their past winnings in and they bought lower than you.

[Anonymous No.11537944]

What makes you anons think this info is referring to chainlink?

[Anonymous No.11537965]

>>11536437
https://www.youtube.com/watch?v=lZdMROtsrF8

[Anonymous No.11537979]

>>11537944
you dont deserve this coin.

[Anonymous No.11538029]

>>11537944
>>>11528030 →
read the thread from yesterday.

[Anonymous No.11538033]

>>11537979
I hold 60k link so I hope it does moon, but it just seems like all this information is trying to connect dots...when in reality it can easily be referring to something else. In other words, it all seems too good to be true...like buying eth under a dollar.

[Anonymous No.11538038]

If someone could put together a larp half as good as some of the shit I've seen on Biz, they should try and send one of these partners a request of info on eta of the mainnet from like a fake business twitter profile or something. Someone who's autistic please do this. Have a genuine conversation with these people and then slip it in " so my business is looking to utilize oracles by march 2019 as we are looking at all options available, when do you think this project will go live?"

[Anonymous No.11538195]

>>11538038
>naivehillbilly.mkv

[Anonymous No.11538403]

>>11536780
>>11534745
Thank for your work, i will read it tomorrow. Godspeed frens

[Anonymous No.11538734]

an eventual confirmation that IntellectEU is another chainlink whitelabel would be nice

[Anonymous No.11539630]

>>11536496
>>11536569
>>11536612
>>11536683
same, I still follow link but I purely rely on others, I don't even check all those dots and connections myself, I already know I'm either holding to 0 or until I'm rich, once we get mainnet going I'll be back on top of my research, trying to figure out the clients and the token's valuation, but until mainnet I'm just sitting back and letting the wave take me wherever it goes

[Major General Damu !!6rIK3ka6TND No.11539668]

>>11536612
The propaganda division thanks all you neets for your service, may you all rest easy as we close out 2018

[Anonymous No.11539700]

[Anonymous No.11539762]

>>11537131
Good job OP. I was the anon who mentioned Phillipa Ryan yesterday. See pic related, it would be worth seeing who else was at this event. Her and Horner were there, and so was QNT I think. The CTO of the ASX liked this update.

[Anonymous No.11540283]

>>11536780
Very nice, next year is gonna be so comfy to be a LINKer.
super stank

[Anonymous No.11540321]

>australia
just sold every single link

[Anonymous No.11540491]

feeling good

[Anonymous No.11540503]

>tfw keep putting off reading the whitepaper cause 40 pages of autism speak rustles me

JUST

So which companies are developing oracles like chainlink? I.e. who is their competition in the smartcontract sphere?

[Anonymous No.11540526]

>>11540503
ill only comment on your last question. sergey said it himself that another company can create a smart contract and be chainlinks competition however it does not give them much leverage due to the nature of decentralization. smart contracts are nothing without other technologies and partners working together to create a network.

[Anonymous No.11540553]

>>11540283
Lol what happened to 1000 by EOY, faggot?

[Anonymous No.11540556]

>>11540526
yeah but the risk is that the other companies token gets adopted and they see the value of the network effect while chainlink and all other competitors become worthless

so the first to market advantage here is really close to ensuring a monopoly

its annoying asking you cause obviously youre invested but whatever, maybe you've diversified: do other current companies offer oracles too?

I see chainlinks about #50 on coinmarket, do none of the higher market cap coins have oracles or the ability to become oracles?

[Anonymous No.11540577]

This thread is too good for Biz.

[Major General Damu !!6rIK3ka6TND No.11540578]

>>11540556
Plenty of crypto projects have been talking about oracles and future implementation, with more digging you will realise that none of them even know how to start tackling actually making them. Almost certainly any projects talking about offering oracles in the future will be a rebranded frontend using chainlink in the back room. Expect some centralised short term solutions that get quickly dropped for link moving forward.

[Anonymous No.11540595]

>>11540491
>Mommy

[Anonymous No.11540598]

nothing to do with chainlink
this has been in the works for a few years now

[Anonymous No.11540613]

>>11540553
Its gonna happen as was foretold, thats why its gonna be so comfy, im cashing out at $10.000, get rekt faggot

[Anonymous No.11540621]

>>11540556
sergey mentioned why it didnt matter that other companies were making smart contacts and offering oracle solutions... im no expert as you said im only an investor.

[Anonymous No.11540684]

>>11540621
What did he say? Surely the network effect is important?

[Anonymous No.11540699]

I don't even know what this thread is but
https://github.com/energywebfoundation/paper/blob/master/README.md

white. label.

it is so obvious.

[Anonymous No.11540732]

>>11540699
Brainlet here...what do you mean?

[Anonymous No.11540747]

>>11540732
look up white label partnerships m8

Sergey verified CL has white label partenerships in one of his side talks in Berlin. Don't have the link to that

[Anonymous No.11540757]

$5 MAX for this project.

[Anonymous No.11540766]

>>11540747
Do you have high hopes for chainlink?

[Anonymous No.11540794]

We fucking made it boys.
Still can't believe no one is aware of this game changing project.
Hell, even half of /biz/ isn't fully aware and is holding some other random shitcoin instead.

[Anonymous No.11540811]

>>11540766
it is one of the biggest projects rn by far

[Anonymous No.11540923]

>>11539668
poopy . butthold

[Anonymous No.11540993]

This is some serious research and time spent for a greater cause. Thanks to all the anons putting in the work. Still can't believe I'll be a multimillionaire in 2020. 15 years of 4chan finally paid off.

[Anonymous No.11541017]

>>11540993
How much link to reach multimillionaire status?

[Anonymous No.11541032]

We Moot status nao
>>11540993

[Anonymous No.11541045]

>>11541017
I can't say because anyone who predicts prices is just guessing but I'm farily confident with my 100k stack.

[Anonymous No.11541079]

>>11540757

[Anonymous No.11541100]

>>11534745
I'm saving every Kate Bush pic I come across. It might be turning into a problem.

[Anonymous No.11541136]

>>11541017
4 million LINK

[Anonymous No.11541146]

>>11540794
>Hell, even half of /biz/ isn't fully aware and is holding some other random shitcoin instead.
I got justed on jnt way before I discovered chainlink, and I am worried maybe all this chainlink shit is too good to be true, and at this point, even if I went all in, it would only increase my link stack by 40-50% (slippage?) as I have $120k worth of LINK right now and $60k of other coins.

If link was still under $0.25 then maybe I'd increase my link stack, but I'm already all in on crypto. If link takes off and hits eth's peak market cap, I'll have like $40m worth.

Is 40-50% more link worth the risk of having all my eggs in one coin?

Suppose I think eth could hit $10k. Equivalent for link would be $1k each. At that price, I'd have over $250m. And I have to ask myself, will 40-50% more make such a big difference to my life? What can I do with $375m that I can't do with $250m? Seems like the more I believe in link, the less I actually need to buy more.

[Anonymous No.11541177]

>>11541017
>How much link to reach multimillionaire status?
>>11541045
>I can't say because anyone who predicts prices is just guessing but I'm farily confident with my 100k stack.

If link can match eths all time high, that's $140 per link.

Let's say you want to have multiple millions after taxes.

Two million is the lowest number of millions to count as multiple millions.

So assuming you have a 50% tax rate, to have $2m after taxes when selling link at $140/each, you need yo have $4m link before taxes. That's $4m / $140 = approximately 28,572 link.

That kind of market cap was something eth achieved due to people not caring about eth price as they paid anything just because they were immediately going.to contribute it to an ico typically priced in USD, during the biggest crypto bull run to date. It would likely take something massive for chainlink to repeat that performance. But if you believe link is on the same level as ethereum - or even more important - then it's hard to deny what has already happened.

[Anonymous No.11541212]

>>11536781
does anyone have this thread

[Anonymous No.11541231]

>>11540321
lmao
https://www.youtube.com/watch?v=01L_cQBu_fg

[Anonymous No.11541236]

>>11540747
HUNDREDS OF TEAMS

[Anonymous No.11541279]

>>11535369
this fud is good

[Anonymous No.11541294]

>>11541279
It's pasta.

[Anonymous No.11541295]

>>11541177
>taxes
>market cap
>entertaining LINK being worth over $5 ever

Can you even imagine someone being so eloquently retarded?

[Anonymous No.11541473]

Anyone have the cap of someone saying that for smart contracts would have to use decentralized oracles to be considered law?

[Anonymous No.11541474]

>>11535369
wow, you think u're some kind of know it all, but you are mistaken. companies will HAVE to adapt and use DLT. it's all about greed.
if they see a benefit and gains from a tech, they will go it, and if aa conccurent uses a tech and gets the edge, they will rush like the faggots they are to use the tech. don't be cuck you sound just like the faggots who didn't believe in Saas, or web technologies going to banks because muuhh cobol works great if it works dont fix it.


anyways, u're a complete retard and BTW if you look closely, sergey said it himself in a tweet, let me find it:

https://twitter.com/SergeyNazarov/status/965781130539511809

“We heard the same concern over and over again: a panic over giving up control.” is how @Benioff described initial reactions to SaaS replacing on-premise, until the value of SaaS won out. It'll be the same story with Smart Contracts, as their ability to deliver value improves

[Anonymous No.11541481]

>>11541474
>replying to pasta

[Anonymous No.11541510]

>>11541481
first time I see this pasta

[Anonymous No.11541515]

>>11541481
It was a good reply

[Anonymous No.11541643]

>>11541177
For link to behave as a real collateral, it will need to be valued at that price.
Even if link only reaches 10, I'm sure I'll be fine.

[Anonymous No.11541704]

>>11541481
>replying to a pasta that’s a reply to a pasta
Oh you sweet summer child

[Anonymous No.11541717]

>>11541473
>Anyone have the cap of someone saying that for smart contracts would have to use decentralized oracles to be considered law?

Not sure if this is what you are referring to but the ISO 20022 standard (which is in the works, not yet adopted) discusses standards for oracles in smart contracts. (google ISO 20022 standard for the pdf)

The report states
Finally, another seemingly common characteristic of smart contract implementations is that to ensure consistency of the ledger, processing must execute on every validating node, and in each instance yield the same result. This introduces an important constraint: since the result of each node’s computation needs to be identical, any data used in computation needs to be available identically at every node, which implies that it has to be available on the ledger, provided by a client application or ‘oracle’.

It’s therefore important to think carefully about the data required by a smart contract to do its work, in addition to the data that might be shared with the participants in the business process.

So, ok, of course that does NOT say decentralized oracles are required. But what it does say is that the standard makers (and remember this was an early report, not the full standard -- that's still getting worked out) will need to "think carefully" about the data coming from an oracle. Decentralized seems like the ONLY possiblity to ensure trustworthiness, especially for a DECENTRALIZED network, which is what blockchain is.

[Anonymous No.11541773]

>>11541704
no i actually wrote that also if t was a pasta i'd have fixed the grammar, and typos

[Anonymous No.11541990]

>>11536043
I've been digging around DAML for a while since early Sept. and even emailed the Australian National Blockchain about what they were doing about oracles. And got no response (kek). There are some good connections as OP has been laying out but I haven't found anything concrete on CL being utilized. If decentralization is paramount, I don't know how CL couldn't be included in the conversation.

[Anonymous No.11542019]

>>11536311
That sort of savings is enough for businesses to completely overhaul what they are doing and adopt this technology. You might ignore 5 or maybe even 10% if you are a comfy boomer, but only a fool doesn't implement something that will save you 50, 60, or 70 percent.

[Anonymous No.11542137]

>>11541990
>I've been digging around DAML for a while since early Sept. and even emailed the Australian National Blockchain about what they were doing about oracles. And got no response (kek). There are some good connections as OP has been laying out but I haven't found anything concrete on CL being utilized. If decentralization is paramount, I don't know how CL couldn't be included in the conversation.

Good on you for this. I just heard about DAML from watching Blythe Masters morning presentation at Sibos, and eager to learn more about it.

I think there are (at least) three separate important moving parts here
1) Standards Australia taking lead on ISO standard 20022, with (I think) Philippa Ryan taking lead.
2) Digital Asset (CEO Blythe Masters) building the DLT for settlement of securities trades for Australian Stock Exchange (ASX)
3) The Australian National Blockchain Project.

I know a tiny bit about the second one, and in last few days am learning about the first, but I know next to NOTHING about the third. I know there was some recent story about Oz government going cold on blockchain or something. In any case, I think that one is NOT using smart contracts, at least ones that need oracles (could be wrong -- still learning about it).

The FIRST one, with the standard is super important because, as i said above, I think it is POSSIBLE that becomes the international standard for financial firms using smart contracts, and I think it may REQUIRE use of decentralized oracles. Chainlink is ONLY project I know of, or that the Biz army has found, that meets that criteria.

Second project is crucial because I believe it will be the premier smart contracts project in the world, and other exchanges, and other industries, will fomo to catch up once it becomes clear that IMMENSE cost savings (that you mentioned) coming from it.

[Anonymous No.11542152]

Awesome thread overall. This is why I still come to this shit hole for the 1/20 threads that are worth something. 100k and feeling comfy AF.

[Ärimees !!z8a44b3aeWt No.11542441]

>>11535369
My fave pasta

[Ärimees !!z8a44b3aeWt No.11542499]

>>11539668
Promotion! Congratulations

[Major General Damu !!6rIK3ka6TND No.11542517]

>>11542499

[Anonymous No.11542544]

[Anonymous No.11542645]

>>11542137
Yeah. So for #1, standard 20022 is the key. We already know Chainlink working with those standards in mind from the SWIFT POC days. We just don't know where that is now, although I'm REALLY beginning to think CL is the white label solution that SWIFT will be using.

2. Any connections to ASX look super weak right now from what I can see. But since Digital Asset is involved, there is a chance that changes over time if there really is any working relationship between DA and CL moving forward.

3. The ANB just seems like another large national blockchain organization at this point with not a lot details as to what they are doing or trying to accomplish except maybe trying to get some of the big players in the same conversation which is certainly valuable especially if decentralized oracles become a topic, because like you did, there are no other options as far as we know.

Another anon spelled out that it does make sense (even though it especially sounds delusional) that bigger entities could adopt CL and welcome them into the fold as THE decentralized oracle network exactly because IBM, Google or some other massive bank or company can't build something like this without putting their own stamp and rules into it.

There's nothing like these dots. Either we are all going to go insane or realize in a couple years that we really were the first people to see all this coming.

[Anonymous No.11542697]

>>11542645
>Another anon spelled out that it does make sense (even though it especially sounds delusional) that bigger entities could adopt CL and welcome them into the fold as THE decentralized oracle network exactly because IBM, Google or some other massive bank or company can't build something like this without putting their own stamp and rules into it.

I think for large enterprise they would attempt to release their own coins so they can profit off it. If it werent popular then they'd revert to another coin on the same architecture.

What is the risk of creating a coin that isn't adopted? Only the cost of creation and marketing, and given you're talking big businesses, they can eat that loss if it means they'll be rewarded with a whale share of coins.

[Anonymous No.11542781]

>>11541146
>250m

The delusion in this thread.

[Anonymous No.11542797]

>>11542645
ok, just typed out a big post but it got eaten.
1. Agree with you on 20022 and I'm going to start researching the shit out of that. I saw phillipa ryan speak last year at Stanford Codex and she seems to have her shit together. Anyway eager to learn more about that.
2. Re ASX, I think you are right that CL doesn't have much role FOR VERSION 1. that is settling assets that are already on the DLT so provbably does NOT have much need for oracles. V2, though, I'm guessing will be derivatives or something that DOES need Oracles, so very much expecting to see a strong role for CL at that point, although I think that is 2 or 3 year out (but WTF do I know?)

Re that last point, yes I agree. I think it would be hard as fuck for Google or IBM or any big player to create a standard for decentralized oracles and get any other big players to adopt it. I THINK related is that per story by Ian Alison in Coindesk, Maersk is having a fuckin hard time getting other carriers to sign up for their trade lens project b/c the competitors are all like, fuck Maersk, we're not using a platform that you built. So I THINK it is in everyone's interest that this little indpendent startup, smartcontract.com, is the one to come along and build this.

[Anonymous No.11542874]

>>11536437

How fucking new are you faggots. We knew the ASX was replacing CHESS last year and they hinted at Chainlink then. All this is, is confirmation.

[Anonymous No.11542894]

>>11542874
I don't remember any hints on ASX. It just seemed like CL would fit into what they were doing but there weren't any breadcrumbs pointing towards CL that I can remember. If so, post em.

[Anonymous No.11542897]

>>11542874
>confirmation

lol

[Anonymous No.11542913]

>>11542874
>We knew the ASX was replacing CHESS last year and they hinted at Chainlink then. All this is, is confirmation.
Confirmation of what, exactly. What exactly is the role for oracles in V1 of the ASK platform. If it is settling assets that are on the DLT, i.e. shares of stock, then what does the oracle do for that?

[Anonymous No.11542927]

>>11542894

I didn't save anything, but I just remember them saying CHESS is old and shit, and that they are looking to adopt DLT to run their systems on. And since you can't run an exchange on shit like Bitcoin or crypto currencies, obviously they are talking about SmartContracts so what else was it than Link. I mean unless you thought they were going to use Mobius or something.

I'm Aussie as well, so maybe it stuck in my head more than the rest of the board.

[Anonymous No.11542998]

>>11542927
>obviously they are talking about SmartContracts so what else was it than Link

Well, but just because they are using smart contracts doesn't mean they have to use link. The point of link is to pull data from OUTSIDE the smart contract, like price of a commodity for a derivatives contract. If you are just moving assets around on the DLT, you probably don't need an oracle.

[Anonymous No.11543019]

>>11542998
Doesnt security require mass adoption of the coin for decentralization? I.e. don't big business need the public to buy their coins so they can offload the costs of data storage onto them?

[Anonymous No.11543035]

>>11542927
This ain't confirmation of shit. Asx said that their dlt is going to be on-chain information only and that they MIGHT snapshot chess data and put it on chain in the future.

[Anonymous No.11543051]

>>11543019
Big business will use permissioned chains

[Anonymous No.11543054]

>>11543019
What makes you think they need coins to incentivize maintenance of the ledger?

[Anonymous No.11543059]

>>11543035
At about 40mins into that asx feat. Blythe digital ass blaster masters, they talked about how they will work out how much historical data from chess they may want

[Anonymous No.11543074]

>>11543051
Wouldnt a permissioned chain just pass the cost back onto the businesses, essentially making the whole process redundant?

>>11543054
My concern would be the purpose not being satisfied: reduce cost and reduce risk. With a centralised ledger you're not reducing risk as much as with a decentralised widely adopted ledger. It seems redundant to me.

[Anonymous No.11543093]

>>11543074
Thats just gas cost on a public chain vs cost of a service provided by ibm for example

[Anonymous No.11543102]

>>11542019
Yea but will this tech really save you that amount. That is what someone is skeptical about.

[Anonymous No.11543107]

>>11543093
I dont understand what gas cost means.

I also dont see how the cost would be equal when the business foots the bill versus making the public adopt it.

[Anonymous No.11543180]

>>11543102
I'm pretty sure that's what's slowly being proven now. Look at this. It currently takes 3 days for settlement. https://www.investopedia.com/terms/s/settlement_period.asp

One big thing to take from this?
>Traders and institutional investors face settlement risk if either party does not perform its part of a transaction.

Guess what smart contracts do? They take away that risk. Now how will they get outside data into those smart contracts securely? Chainlink.

They can cut days to minutes with smart contracts. Anything that helps get rid of risk and saves companies time and money WILL be adopted. And I think they are being shown this new way of business now. Once they trust it, they'd be retarded not to implement it.

[Anonymous No.11543210]

>>11543180
>Guess what smart contracts do? They take away that risk. Now how will they get outside data into those smart contracts securely? Chainlink.
>
>They can cut days to minutes with smart contracts. Anything that helps get rid of risk and saves companies time and money WILL be adopted. And I think they are being shown this new way of business now. Once they trust it, they'd be retarded not to implement it.

I absolutely agree with this and it's why I'm interested in chainlink at all, because I know it can fill that role, but only if: 1. it works, 2. it's widely adopted, 3. the businesses don't develop their own software

So far I'm confident it works, or would work, it's not a top 10 coin but top 50 is rather well adopted, I'm not confident or convinced businesses won't attempt to create and market their own coin with their huge marketting budgets and potential for profit.

[Anonymous No.11543289]

>>11543210
>Why dont businesses make their own facebook
>Why dont businesses make their own google
>Why doesn't ford make their own tyres
>Why dont businesses be their own banks
>Why dont businesses make their own paper
>Why dont businesses make their own x

[Anonymous No.11543298]

>>11543289
Completely different. We dont have mass adoption of an oracle yet. You're dumb.

[Anonymous No.11543317]

>>11543298
You are failing to grasp some fundamentals around decentralisation and trust.

[Anonymous No.11543327]

>>11543317
What is the cost savings for standard record keeping vs permissioned chain?

[Anonymous No.11543353]

>>11543327
Chainlink is simply one part of much larger smart contract infrastructure but I don't know where you get "record keeping" from? Have you read the white paper?

[Anonymous No.11543363]

>>11543353
record keeping/databases

im trying to discover the objective cost saving of distributed ledgers versus databases so try to approximate the value to businesses and therefore the potential value of chainlink or any other oracle

[Anonymous No.11543375]

Question for Link marines. How much Link will we be earning via staking?

Lets say I have 50k Link. Is it possible I could double my stack to 100k Link through staking or am I way overestimating?

Also how much diminishing returns on Link will we get when the price of Link goes up. Isn't it better for Link to stay cheaper for longer so we can get more when we can stake it?

[Anonymous No.11543377]

>>11534745
Has there ever been an investing opportunity so thoroughly vetted by a team of detail oriented asocial savants on the level as chainlink has been investigated by you autistic fucks?

[Anonymous No.11543380]

>>11543363
You're completely misunderstanding what Chainlink is doing. The value of Chainlink is in empowering smart contracts with reliable and secure off-chain data. Print out the whitepaper and read it thoroughly a couple of times.

[Anonymous No.11543384]

>>11543363

its immense
and we have done well over a years research to prove such a thing. Seriously stop asking questions at this point and just buy link.
I know it sounds dumb, but holy fucking shit im tired of trying to save people and show them the new financial future we are entering, theres really no way that this ISNT going to be successful. Its trurly a industry token from the get go.

I only have 4.3k , But i swear to fucking god i have the most iron hands out of any of you. Link comes into my account, it does not go out.

and i even starting taking bitcoin as payment at my business with the sole intention of buying more LINK

[Anonymous No.11543387]

>>11542797
>Maersk is having a fuckin hard time getting other carriers to sign up for their trade lens project

my full reply got eaten so here's short version.

CARGOX are providing the WHITE LABEL competition neutral ecosystem to tradelens and every other logistics, freight and supply chain involved with BITA and ethereum. AB InBev, Accenture, APL, Kuehne + Nagel, DHL, amazon, ultimately Maersk.

They are first to market, a tech arm from established uberstyle trucking company. Oscar salazar, Soros, Goldman, Blackstone group invested. API integration back or front end, literally being rolled out under our noses.

I Follow this intricately and it is being LAPPED UP! It all checks out.

https://www.crunchbase.com/organization/cargox-com-br#section-overview

https://www.crunchbase.com/organization/cargox#section-overview

https://cargox.io/press-releases/

https://www.reuters.com/article/us-amazon-com-brazil/amazon-is-working-with-brazils-cargox-for-logistics-pilot-project-bbg-idUSKCN1ME2GZ

https://www.enterprisetimes.co.uk/2018/03/19/ab-inbev-accenture-apl-and-kuehne-nagel-successfully-test-blockchain/

[Anonymous No.11543394]

>>11543387
by the way this WILL NOT impede or hinder Link's value. Only contribute

[Anonymous No.11543397]

>>11543380
Anyone can do smartcontracts, it's the oracles that are the value, anyone can do them too, but the early to market advantage and market value of owning smartcontracts.com aids chainlinks potential.

[Anonymous No.11543421]

>>11543397
No, not everyone can do decentralised oracles. And without decentralisation you lose security and reliability and therefore trust. Without trusted off-chain you won't have *useful* smart contracts. Please read the whitepaper.

[Anonymous No.11543438]

>>11543421
>No, not everyone can do decentralised oracles.
That is really cope.

Investing is for objective truths not sad emotional bullshit.

Name 1 proprietary patent that restricts competition from providing oracles. Doesnt exist. It's a question of mass adoption by the public in regards to CL or whether companies implement their own oracles either public or private.

[Anonymous No.11543456]

>>11534745
thats good info and all, but just answer me this: should i go all in chainlink now at $0.40+ or wait for a pullback?
currently sitting on 56k link, and have around $9500 to spend.

[Anonymous No.11543467]

>>11543210
>I'm not confident or convinced businesses won't attempt to create and market their own coin with their huge marketting budgets and potential for profit.

Chainlink is already beat them to the punch. And secondly, Chainlink has a shit ton of tokens set aside for exactly this. There will be OTC sales to the big players so they won't be left out at all. My 100k stack is a top 400 wallet now. I'll be lucky to be a top 3,000 wallet once those other coins are distributed. That sounds bad initially, but you have to remember, not only can those big players host their own nodes and make more LINK by just throwing it a node to back smart contracts calling their API, but they are instantaneously prompted to push the LINK token price higher so they can in turn back more high value contracts and earn more LINK.

The tokenomics for LINK look incredible right now. It only promotes growth. If decentralized smart contracts aren't a meme, you absolutely need decentralized oracles to feed them data.

[Anonymous No.11543475]

>>11543375
No one knows staking payouts. Just buy as much as you can now. Once LINK gets tied up in the smart contracts it will back, there's no way in hell you'll be able to buy it at these current prices.

[Anonymous No.11543483]

>>11543438
They (IC3) are building the consensus mechanisms to power the decentralisation. They are building an open source community to build adaptors and ensure security. They are bringing clients to ensure demand on the mainnet. As the network grows, the network becomes stronger and more secure.

If they are able to achieve this then they will have a substantial first mover advantage and can dominate the space. They will have competitors but they could well become the 'protocol' for providing off-chain data.

Companies are not going to use centralised oracles for contracts of any substantial value as they will lack sufficient trust. This is the very point of decentralisation - it is vital to understand this.

Just as companies don't build their own email clients, they are not going to build their own oracles. They can simply plug-in Chainlink through their GUI smart contract templates without even realising it.

[Anonymous No.11543492]

>>11543377
Checked. And no. Decentralized research. The FUD has actually been a fantastic way of getting random people to think
collectively about every angle of why this project should be massive.

[Anonymous No.11543590]

>>11543363
>you're dumb
Says the guys on /biz/, in 2018, still trying to work out distributed ledgers versus databases

[Anonymous No.11543619]

>>11543590
nah faggot im looking for objective value not semantics

>>11543483
I 100% see the value in chainlink/oracles or smartcontracts generally.

I suppose the concern of competition just means I should diversify my investment.

I've been on 4chan for fucking years, I acknowledge the meme value of CL being shilled here heavily.

Of course none of us want to invest in a bust, that's why I research and ask questions of people who make out to be, or are, experts.

[Anonymous No.11543637]

>>11543619
Let us all know when you find another decentralized oracle network to invest in.

[Anonymous No.11543653]

>>11543637
See eg Hyperledger. Why wouldnt big business seek to push their own oracles?

https://en.wikipedia.org/wiki/Hyperledger#Members_and_governance
>Early members of the initiative included blockchain ISVs, (Blockchain, ConsenSys, Digital Asset, R3, Onchain), well-known technology platform companies (Cisco, Fujitsu, Hitachi, IBM, Intel, NEC, NTT DATA, Red Hat, VMware), financial services firms (ABN AMRO, ANZ Bank, BNY Mellon, CLS Group, CME Group, the Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, J.P. Morgan, State Street, SWIFT, Wells Fargo), business software companies like SAP, academic institutions (Cambridge Centre for Alternative Finance, Blockchain at Columbia, UCLA Blockchain Lab), systems integrators and others (Accenture, Calastone, Wipro, Credits, Guardtime, IntellectEU, Nxt Foundation, Symbiont).

What we have here is a small startup versus a goliath. This isnt facebook versus myspace.

https://blog.oraclize.it/launching-the-oraclize-service-on-hyperledger-fabric-c336c2d7d9b1

[Anonymous No.11543659]

>>11543619
From your previous points and questions I simply don't think that you have some fundamentals clear.

If the WP is too complex then have a watch of Sergey's interview with Terry Brock last year. It's twenty minutes of your time but gives a great overview of what they're trying to achieve.

https://www.youtube.com/watch?v=AfJiRsYpgyc

[Anonymous No.11543669]

nice :)

[Anonymous No.11543683]

>>11543653
> swift + web3 + cryptlets
> not to mention whitelabel products yet to be revealed
> apparently this is david
You're just larping as a retard... right?

[Anonymous No.11543689]

>>11543653
Is Oraclize a goliath?

[Anonymous No.11543703]

>>11543689
No hyperledger is

[Anonymous No.11543707]

>>11543683
I'm not so sure its a larp

[Anonymous No.11543715]

>>11543703
https://www.hyperledger.org/resources/research-topics

[Anonymous No.11543720]

>>11543707
You think the small startup would attain or retain market share against hyperledger? Why?

[Anonymous No.11543742]

>>11543703
Are you sure you're not a LARP?

From the Orcalize article you linked:

>Similarly to other blockchain protocols, a transaction on Hyperledger Fabric might depend on some external data (i.e. the current value of an asset)—that’s where oracles play a role.

So they need an oracle. Now what do you think is going to be used? Them (or another centralised solution) or Chainlink with its decentralisation and network effects?

[Anonymous No.11543751]

>>11543742
They will put in place their own oracles. And, in all likelyhood, will release their own public oracles for adoption, which will be backed by a huge conglomerate that is already set in place.

[Anonymous No.11543752]

>>11543720
>Why doesn't Macdonalds make their own beverage instead of using coke?
>Why doesn't coke make their own burgers?

Is hyperledger a decentralised oracle network?

[Anonymous No.11543760]

>>11543752
Is CL a mass adopted thing comparable to coke or burgers?

You're pre-assuming the network effect will occur, which is ridiculous. That's just hope and cope.

[Anonymous No.11543779]

>>11543751
Do you understand the resources that would be required for that? Anything other than a parallel decentralised network is going to be less secure than what Chainlink can provide.

[Anonymous No.11543786]

>>11543760
Startups...like google? Yahoo? Wordpress? Facebook? Microsoft? Reddit? Napster? Dell? Snapchat? Dropbox? Uber? Apple?

[Anonymous No.11543794]

>>11543786
https://en.wikipedia.org/wiki/Survivorship_bias

[Anonymous No.11543804]

>>11543794
Nothing is certain of course. There is risk in everything. But if you can't put 2 and 2 together at this point then I don't know what to say.

[Anonymous No.11543808]

here's the roadmap standards australia released in 2017.
https://www.standards.org.au/getmedia/ad5d74db-8da9-4685-b171-90142ee0a2e1/Roadmap_for_Blockchain_Standards_report.pdf.aspx

[Anonymous No.11543811]

>>11543794
Haha yep, not a larp

[Anonymous No.11543837]

>>11543811
>reality is FUD

sad bro. very sad. not every startup is facebook. pretending theirs a correlation is literally what a retard would do. you are a retarded person.

[Anonymous No.11543844]

>>11535918
Piqued*

[Anonymous No.11543849]

>>11543760
>Is CL a mass adopted thing comparable to coke or burgers?
>not getting a food analogy
HOLY SHIT

[Anonymous No.11543858]

>>11543837
>pretending theirs a correlation

[Anonymous No.11544033]

>>11543837
> reality
Your 'opinion' isn't reality. Your 'opinion' is a series of poorly thought out lines of drivel and I really think you are pulling our legs at this point. CL's progress and recent announcements are absolute facts - and these facts tied in with what we have seen previously indicate that CL will indeed be securing an extremely solid place in all of this. You're really shit at fudding and you should probably just stick to lurking.

[Anonymous No.11544044]

>>11544033
youre a fucking retard who dumped your money into a meme before doing any research, or if you did research, you dont understand businesses enough to understand what is value and what isnt

[Anonymous No.11544059]

>>11544044
> y-you invested in a meme
> why won't you just buy my half-assed concern trolling with no real logic behind it
Yawn. Good work proving my point.

[Anonymous No.11544063]

>>11544044
>23 posts by this ID

[Anonymous No.11544151]

One reminder for you, see, chainlink is big and lets say it will hit 1k in 5 years, but what about global financial crysis ? We all know its coming, just dont get your hopes up

[Anonymous No.11544326]

>>11544151
This, buy gold instead

[Anonymous No.11544335]

>>11534745
I just want to say that this thread inspired me to listen to Hounds of Love last night when I was drunk, and it was a great experience, thank you OP.