/biz/ - Business & Finance

[Anonymous No.11721554]

I understand exactly how LlNK works but i have yet to begin to understand how people are holding anything else. There people on this board that are still holding FUN(honestly insert any shitcoin here) and wont sell for a link bag. I dont feel sorry, it was all laid out for you and those who bit and understand what LlNK god bless you.

[Anonymous No.11721581]

>>11721554
>I understand exactly how LlNK works
Answer me this please because I still don't understand. Say 10 nodes get a contract needing 10 LINK to be put up for collateral. Each node puts up 1 LINK each as a penalty payment. 1 node loses connection or power and loses their penalty payment, but the other 9 nodes return the data and the contract executes fine and the contract owner doesn't need to be compensated. What happens to the penalty payment from the node that lost power?

[Anonymous No.11721594]

>>11721554
ill admit, ive been sitting on the sidelines a long time and have always thought about buying link but never have. how do they keep getting partnerships? havet they not even built anything yet or even have a working product of any kind? i just dont get why it keeps going up. is it just on hype alone?

[Anonymous No.11721601]

The people who are holding anything else are akin to people who refuse to leave their houses during hurricanes

[Anonymous No.11721608]

>>11721581
i believe it goes to the data requester

[Anonymous No.11721626]

>>11721608
Even if they get their data fine from the other nodes?

[Anonymous No.11721628]

>>11721594
they have built most of the infrastructure and are running a testnet

[Anonymous No.11721637]

>>11721594
>hype
You haven't seen hype

[Anonymous No.11721639]

>>11721594
It's literally a year-old /biz/ memecoin. 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.11721641]

>>11721601
perfect analogy

[Anonymous No.11721655]

>>11721594
>hype

LOL
Only /biz/ knows about LINK. You haven't seen nothing yet.

[Anonymous No.11721665]

>>11721601

Can confirm, I'm Floridian and I leave during every hurricane. I also hold 100% link

[Anonymous No.11721677]

>>11721626
yes. im unclear on this though, could be bullshit entirely. i jus vaguely remember that being stated at some fucking point in this fucked up timeline.

[Anonymous No.11721706]

>>11721594
Im going to explain this as simple as possible because link is hard to understand if you dont understand the basics first. Before i begin watch some chainlink conference videos where Sergey(ceo) explains in the first couple minutes what chainlink is, he always gives a short introduction of the current state of the crypto world and how chainlink is the last 'key' to the puzzle. So here goes, right now in the crypto world the blockchain can only communicate in its own world. Thats nice as sergey says, but what happens when your blockchain or smart contract needs to retrieve data outside of the blockchain world? for example a temperature reading on a sensor or some shit, the only way they can get that reading put into the blockchain is oracles. This is where chainlink comes in, it is a decentralized middleware oracle service. So think about the massive oppurtunites that arise, the blockchain can now speak to the real world and execute actions on its own using a smart contracts and oracles. I express to you how much this is going to change EVERY DIGITAL AGREEMENT in this world. Please read as much as you can on this, this is the next step in the blockchain world.

[Anonymous No.11721708]

>>11721554
At this point if you haven’t realized your other coins are shitcoins, you deserve to be poor.

[Anonymous No.11721751]

>>11721639
>no replies to this post
>maybe if we ignore it it’ll go away

[Anonymous No.11721764]

>>11721751
This thread is for intelligent anons only

[Anonymous No.11721794]

>>11721764
He’s right tho

[Anonymous No.11721824]

I tried a tutorial on smart contracts a few months ago and i was shocked by how much trust i had to have with oraclize.it (the current popular oracle provider for eth). For example, generate a random number, you'll need to pay oraclize.it, and then trust them to return that random number.

After that tutorial, i promptly bought into chainlink. Decentralized trustless oracles is the next step to move smart contracts forward.

[Anonymous No.11721827]

>>11721794
Why are you talking about yourself in 3rd person? You fucking spanner

[Anonymous No.11721830]

>>11721581
>>11721626
I believe the whitepaper goes over this scenario in the Intel SGX section. Too lazy to look it up right now tho.
If a nodes loses power during a contract, its penalty payment is lost and goes to the contract provider.

[Anonymous No.11721836]

>>11721554
People hold shit like VeChain and XLM because those projects adorn themselves with the trappings of real-world status. Link, meanwhile, is the no-publicity dark horse that NEETs got to first, which threatens to upend entire industries.

People resent Link because they resent the idea that NEETs will grab wealth and status for themselves, that NEETs might hold something over them.

[Anonymous No.11722037]

96% in LINK. I dopped btc and eth last month, feeling the linklet syndrome hard with just 50k. Every milestone I hit the goalposts keep moving in my mind. I might let 5k go once we hit 180usd so I can get an engagement ring and put 500k in mutual funds. Just noided and that should be enough for early retirement 4% meme. Maybe another 5k sold at 400usd to top off mutual funds at an even million, buy a small piece of land/house, 5 acres or so, and 500k in precious metals. This is assuming 40% tax, which is worst case scenario for burger. Might be able to get this much diversified by selling less. Gonna find me a jew accountant to help with that.
It seems like such a sure thing it will be hard to let it go even at 1k. I shill to a couple close discord frenz and they just don't see it for some reason. Are we crazy or just this far ahead of the curve? Smart contracts executing with real world data. Why do they not get as ERECT from that sentence as I do?

[Anonymous No.11722159]

>>11721554
I believe Babb will be good profit in a year. Hold 10 million.