/biz/ - Business & Finance

[Anonymous No.12144845]

>LINK token creates unnecessary friction
>People would rather just use ETH as payment and collateral
>LINK token will become worthless just like BAT, QNT and any other payment token

Sorry to break it to you

[Anonymous No.12144860]

>>12144845
Based and redpilled

[Anonymous No.12144875]

>>12144845
NPC and bluepilled

[Anonymous No.12144877]

>>12144845
That's the fate of each and every erc20 in existence. If it's basecode is ethereum, then it can be done using ethereum. The shit token fad is just a naming fad.

[Anonymous No.12144885]

>>12144845

When we were discussing this at our interdepartmental meeting we just weren't sure if it measured up this quarter; we're gonna need Sharon in Quality to take a closer look to see if it meets our KPI this quarter

[Anonymous No.12144887]

LINK is intrinsically worthless. Node operators can be paid in existing cryptocurrencies. Just look at the testnet right now, it only accepts ETH instead of LINK lmao. It means that ETH can easily be substituted for it, that is, if someone wants to fork the token to accept ETH (an established cryptocurrency instead of some fucking ERC20 token made with a two-man team), LINK is basically useless. That is besides the fact that everything LINK aims to do can be easily done by cryptographically signing the data from the API source.
>muh next ETH

Uh oh, pissed stinker incoming HAHA....

[Anonymous No.12144898]

>>12144845

Except paying in link token is not what makes token valuable you retard lol

If you could make link node from your eth stack than link would be worthless....

[Anonymous No.12144910]

>>12144898
Look at what's happening to QNT, BAT and most importantly ZRX

I'm sorry you're so stupid

[Anonymous No.12144958]

>>12144910
Your ability to read with 0 comprehension is amazing adn you call others stupid...

You think bat/qnt and link have similar tokenomic models, decentralsied data oracles and reputation model literally needs to be something other than native network (eth/gas) to have any chance to work you 80 IQ fag

Acually just stay poor

[Anonymous No.12144981]

>>12144958

Yes I agree, Chainlink is just like them

[Anonymous No.12144988]

>>12144958

And what exactly is that tokenomic model fren? I understand the tech, but at a core level LINK is a representation of value

If something is being used as a value substitute, whether it be for collateral, payment, or penalties, it is more efficient to use a common unit of value.

LINK will slide towards 0 as people realize that. Save yourself the pain and move to ETH before you bankrupt yourself, moron

[Anonymous No.12145017]

>>12144988

[Anonymous No.12145115]

:)

[Anonymous No.12145130]

>>12144988

You dont understand shit let alone tech, link is not some shitty token made as value substitute it is tool for feed data into chain in decentralsied way for fuck sake

If you cant figure oput why eth or btc or xxx cant do it native than fuck it..

Fucking retard lol

[Anonymous No.12145149]

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE

[Anonymous No.12145161]

>>12145130
>>12145017
noticed this asshole? He is fudding.

[Anonymous No.12145178]

>>12144988
Hitler digits confirm truth

[Anonymous No.12145183]

>>12145161

YES BUT ITS FUCKING LVL1 PAJET FUD WE ARE BETTER THAN THIS SHIT

Where is real stuff from 2017 this is just sad at this point...

[Anonymous No.12145187]

Blockchain agnostic, motherfuckers

[Anonymous No.12145193]

lol everyone knows it’s a useless shitcoin. it is just the biggest meme of /biz and it’s fun to shill it to newfags

[Anonymous No.12145211]

>>12145130
>You dont understand shit let alone tech, link is not some shitty token made as value substitute it is tool for feed data into chain in decentralsied way for fuck sake

Hmmmmmmmmm

So why do permissionless chains not require the token to get information onto their chains then

[Anonymous No.12145226]

>>12145211
They require a token. What they don't require is the Link token as they will not use the public networth so they will just fork it

[Anonymous No.12145238]

>>12145226
This anon is close to the unfortunate truth

Imagine a whole group of autists not seeing where the space is heading. Wew

[Anonymous No.12145261]

>>12145238

You do realise private chains make 0 sense if they cant connect to public or eachother and birth of private chains is good start of adoption ?

Your fud is acually bullisha at this point how do you get to be so bad at something?

[Anonymous No.12145266]

Link is a useless shitcoin pumped by hopeless retards on 4chan, who live in a denial, hoping someday this shitcoin will be something so they can get out of their miserable shitlife, suck my dick all of u there

[Anonymous No.12145278]

>>12145261
>LINK token is a tool to get information onto chains
>Oh no actually you can get information onto chains without using LINK but they make no sense

Imagine being this retarded

[Anonymous No.12145298]

>let's create a token nobody needs to provide a service nobody cares about to help solve a problem that isn't real

[Anonymous No.12145323]

>>12145278
wow you're a fucking brainlet, what's the point of decentralization you dumb nigger?
you do realize that permissioned blockchains also use a fake ETH currency? r-right?
so you are saying the public ETH network is useless because companies will use permisioned ETH?

you're retarded beyong recover fren.

permissioned blockchain is 1 thing, but we are all talking about public oracle networks, just like public ETH blockchain.

if the companies use a private link network, it means that they adopted the tech, they might just as well, move completely or partially to the public network, you dumb nigger.

[Anonymous No.12145348]

>>12145278
realize this: maintaining a private network of nodes costs alot of money, you need people to make sure the network is up and running, you need to pay for the machines or the servers you bought, and you need to make sure they never shutdown or get hacked.

why bother? just use a fucking server with a plain old database.

by using the public network, you will be sure the data will be always accessible, the data will never be wrong, your computation will be obfuscated, you get access to cheap offchain coputation and all that for fucking cheap, without having to bother with keeping servers up

[Anonymous No.12145349]

>>12145323
This isn't about public v permissioned chains you dribbling moron.

This is about the value of the LINK token, and the fact that it derives its value from being just that, being used as collateral, payments or penalties.

There is nothing the TOKEN can do that ETH cannot

[Chainlink_hobo No.12145357]

>>12145266
Have fun buying my bags at 20$ faggot.

[Anonymous No.12145359]

>>12145349
except the chainlink token IS NEEDED to use the chainlink network you dumb nigger that's the whole point of an ICO.

a company makes an ICO so that the investors can use their tech. that's the whole point you fucking nigger. the difference between an IPO and ICO is that with an IPO you actually own part of the company, but with an ICO you get access to the service. you fucking nigger are you trying to re-define what an ICO is?

[Anonymous No.12145365]

If you really want your mind to be blown, think about what Thomas Hobbes says in Leviathan. He goes into detail about social contract theory. It all begins with the natural state of man, which is a nasty, short, brutish life. Every man for himself, all against all. Any action is not only permissible, but is also a RIGHT. It's the first time that rights are seriously considered as an inherent quality of man.

Man voluntarily gives up some of his rights to escape from the dangerous and shitty conditions of the natural state of man. It must be mutual, however, he only promises not to kill anyone so long as everyone else agrees not to kill anyone. This is the basis of forming a society.

The important thing here, is that it's a contract. People enter into a mutual agreement, but in order for people to be accountable to that agreement, there needs to be an arbiter, or an enforcer. This is the role that government plays. If a man steals, and he gets caught, then the government enforces punishment against him for breaking the contract. The rules can only be followed if there is an arbiter.

Up until this point in history man has never escaped the necessity of an enforcer for contracts. Enter Sergey Nazarov. His vision is bigger than you can imagine. He's ushering in an entirely new era of human interaction. This can transform any digitally executable contracts. This is the first time in history when a contract won't necessarily need an external enforcer, because the contract itself is the enforcer. The philosophical implications of this are colossal.

[Anonymous No.12145373]

Y would u use a private road if da gun met use the pub rood??

[Anonymous No.12145378]

>>12145359
>except the chainlink token IS NEEDED to use the chainlink network you dumb nigger that's the whole point of an ICO.

This isnt about ICOs, this is about the value of the token

All shitcoins had ICOs and most will go to 0 along with LINK

[Anonymous No.12145392]

>>12145378
hey, nigger, in order to run a node you need the token, in order to use collaterals you need the tokens staked, payments can be done using crypto currencies.
the value of link depends also on the circulating supply, if every link holder will stake his tokens for running nodes, then the supply will dry out, meaning the price of a token will sky rocket.

[Anonymous No.12145395]

>>12145349
You are focused on ETH, but once mainnet launches Link will be blockchain agnostic. Why would someone using EOS pay ETH to import data from the Link oracle network?

What about Neo or Nebula? It wouldn’t make sense to use ETH.

[Anonymous No.12145413]

>>12145392
>>12145378
unlike with other shitcoins, the link token actually has a use, people will need it to MINE links

[Anonymous No.12145417]

>>12144845
It’s most likely true, but no matter what you say stinkies won’t change their mind. They’ve unironically been brainwashed by memes.

[Anonymous No.12145433]

>>12144845
>People on blockchains other than ETH want to pay their oracles in ETH.
You are a myopic retard.

[Anonymous No.12145436]

>>12145417
money is perception, so help memeing us rich.

[Anonymous No.12145443]

>>12145149
you are a MANIAC

[Anonymous No.12145447]

>>12145413
>mining Link

Ok this is definitely larp lmao

[Anonymous No.12145455]

>>12145447
how would you call running a node and gaining links in return?

yes,MINING you fkin towel head

[Anonymous No.12145466]

>>12145433
>LINK
>ERC

[Anonymous No.12145470]

>>12145447
>"so everybody who missed out on mining Bitcoin, Oracles are the new miners, like oracles is the new mining, thats actually going to be one of the easiest to attain like value add services in this whole ecosystem"
>"...its a huge business opportunity"

[Anonymous No.12145494]

>>12145470
forgot link
https://youtu.be/FsNQEQ5VSZc?t=1939

[Anonymous No.12145513]

>Link public oracle network can only be paid for in Link
>”but you can just use eth!”

How retarded are you OP?

[Anonymous No.12145526]

>>12145378
oh yes LINK being a high liquid token that isnt sold at the other side and just held by node operators to further boost their collateral amounts
please tell me again how its going to 0 again

[Anonymous No.12145550]

>>12145349
>>12145359
>>12145395

None of you are seeing it. It won't be ETH. It won't be LINK. It's going to be stable coin like DAI that's fed through these contracts. LINK is just getting in the way. I'm not sure what to do as I hold over 100k but am realizing this shit is a meme. Smart contracts are about programmable money.

[Anonymous No.12145558]

>>12145550
>muh ^programmabale money
smart contracts are are a form of digital agreements..FFS what does money have anything to do with that, you don't have to use money nigger, you can ask for something else

[Anonymous No.12145567]

>>12144887
>Uh oh, pissed stinker incoming HAHA....
That's still my favorite single line in our entire archive of link fud

[Anonymous No.12145582]

>>12145526
It could unironically get forked for something like DAI by the big players in the space. How fucking decentralized is it if Sergey and Steve are holding a metric fuck ton of LINK tokens and getting rich off this shit. Seriously. Why wouldn't someone fork Chainlink right when it's released to mainnet and recode it with DAI? Then it's a level playing field for literally everyone. Node operators are paid in DAI, which is easily delt with as it's pegged to $1. Someone will make this.

[Anonymous No.12145596]

>>12145582
>it’s bad for the people programming it to make money off of it
>alternate reality where people code things for free

[Anonymous No.12145601]

>>12145558
>Imagine thinking smart contracts won't program money as their primary use case.
Wtf are you asking for instead? Can I pay you in sweaters made in Mumbai?

[Anonymous No.12145609]

>>12145596
It's not that it's bad, it just doesn't make sense if this will be used globally by every mother fucker on the planet when smart contracts are more than a meme.

[Anonymous No.12145663]

>>12145609
life doesn't make sense when you're a degenerate faggwit.

[Anonymous No.12145665]

>>12144845
Cant speak for Quant but both BAT and LINK will only use their respective tokens for their product. Someone could fork them with a version that uses ETH, but then theyd have to compete with the originals; Chainlink has hundreds of teams integrating it, BAT has 6 million plus Brave users with 20k publishers headstart.

[Anonymous No.12145688]

>>12145601
tell me more about your shitting street sweaters pajeet. are there armpit vents?

[Anonymous No.12145733]

>>12145455
Unironically you just went full retard but continue, please.

[Anonymous No.12145745]

>>12145323
based and nigger

[Anonymous No.12145765]

>>12145526
Is it possible that link tokens may be phased out in the future when the network matures? Or are tokens always necessary for collateral?

[Anonymous No.12145791]

>>12145582
>Why wouldn't someone fork Chainlink right when it's released to mainnet and recode it with DAI
I mean they could do that, but I doubt it would see much traffic. Take fomo3d for instance. The forks of fomo3d barely got any eth compared to the main one.

[Anonymous No.12145795]

>>12144910
BAT is doing ok. it is holding value against BTC.

ZRX is a total shitcoin and isn't being used/planned on being used anywhere.

[Anonymous No.12145846]

>>12144845
ETH needs to be wrapped first in order to do that you fucking retarded nigger

[Anonymous No.12145864]

>>12145733
i'm not the one saying it, fuck face fren
>>12145470
>>12145494

[Anonymous No.12145926]

>>12145846
To do what? Be held as collateral you moron

[Anonymous No.12145953]

>>12145323
Chainlink I think is what will save the economy from financial calamity because these companies are already over leveraged with enormous debt. If 80-% of their costs are cut because of smart contracts then they are easily back above water.

[Anonymous No.12145957]

>>12145365
Based and aristotlepilled

[Anonymous No.12146001]

>>12145359
Play nigger games, win nigger prizes.

[Anonymous No.12146092]

>>12145365

kek

[Anonymous No.12146113]

>>12145926
To influence a smart contract
>what is transfer and call
You fucking bellend

[Anonymous No.12146119]

>>12146092
don't kek at lord sergey's work. he has more fat in one little finger than you have in your entire body

[Anonymous No.12146124]

>>12145365
>nasty, short, brutish life

get this shit out of here. hobbes was a rich idiot who thought he knew human nature. his views are so fucking juvenile it would be funny if it wasnt for the people who take him seriously.

[Anonymous No.12146145]

>>12145582
>Seriously. Why wouldn't someone fork Chainlink right when it's released to mainnet and recode it with DAI?

>Mr Shekelberg do we use this network that we and many others have already tested for years and that we get a share in for free straight from the creator or do we use this fork that some pajeet made and we get nothing from it?
tell me in what reality you live in where you see this as plausible
remember Sergey has 350m tokens reserved for network users exactly for this purpose

[Anonymous No.12146149]

>>12146124

t. commie

[Anonymous No.12146202]

>>12145864
So, can I mine Links using a raspberry pi?

Serious question

[Anonymous No.12146261]

>>12144845
Duh, hey Mom, can I have a peanut butter sandwich and some chips for lunch?

[Anonymous No.12146280]

>>12145211
D-delete

[Anonymous No.12146300]

>>12146202
You should have 2 cores and 4 GB of RAM

[Anonymous No.12146368]

>>12144845
Why do you newfags even bother trying to fud at this point? Every possible angle, including this extremely retarded one, has been discussed in extreme autistic detail dozens of times over the past year. This particular fud topic is entry level pajeet shit from 2017.

[Anonymous No.12146397]

>>12145211
>to get information onto their chains then
they do if the data is external, faggot

[Anonymous No.12146416]

>>12146300
Can't

Can I mine using my atari

[Anonymous No.12146466]

>>12145348

Fiiiiiinally some sanity! Who here really believes that the overhead of running a private stable of oracles and a permissioned network of trusted actors is actually cheaper in the long run? The whooooole point of a blockchain is to lower the cost of trust so that centralized organizations of resources, manpower, and computer power aren't needed. Jesus what happened to critical thought

[Anonymous No.12146470]

>>12145582
Let's say they do that:
1) forking the code does not fork the network effect. The clone would have to recruit a network of node operators from scratch to compete with chainlink.
2) as a node operator, why would I switch over to a clone and use a stablecoin when I could use the LINK token which appreciates in value as the network grows?
3) what incentives do the developers of the clone network have to continue developing it? They are being paid nothing. They have no stake in it.

[Anonymous No.12146478]

>>12145373
Sheeeeeit

[Anonymous No.12146485]

don't even bother explaining it to them OP, linkies are too emotionally invested in their coin to accept any criticism, its basically a circle jerking cult like you see in reddit. Even when this shit hits 1 cent they will invent some conspiracies to blame it for

[Anonymous No.12146513]

>>12146466
checked and redpilled

[Anonymous No.12146542]

>>12146416
Hmm, I believe the recommended minimum is the Dreamcast, but if you can put about eight Ataris in parallel that should do the trick

[Anonymous No.12146585]

>>12145582

>believing a store of value pegged to the entirely arbitrary and centralized value of the USD is ideal

Yes, let's invite the US government to control the value of the coin that runs the network of the future.

[Anonymous No.12146593]

>>12146416
>>12146202
Ok le me explain this; you will literally need a 100% SLA...WHY? because if your server dies during a request you will lose part of your staked links...so alot of people are theorizing using an AWS, because it almost never fails...BUT there is an alternative for people who arn't tech savy, you could just use linkpool....here, check the image linked

[Anonymous No.12146645]

>>12146593
You are a faggot. At first you said I could mine Link, now you are trying to scam me with this infographic bullshit.

[Anonymous No.12146651]

>>12146542
Thanks just bought 100k ataris

[Anonymous No.12146664]

>>12146645
fren, i'm tryin to educate you

[Anonymous No.12146723]

Linkies have never been so retarded. The level of discussion here is plebbit level

[Anonymous No.12146750]

>>12144958
The Différance on this spot of fud IS the 'friction'.

Brainlets absolutely deserve nothing. This is the exact same limit on concepts from the place OP should go back to.

[Anonymous No.12146760]

>>12146723
you do realize we can see all your posts ITT and they're all braindead and devoid of argument

>>12146280
>>12146478
spouting memes the way you do is what's plebbit

[Anonymous No.12146785]

>>12146001
This, ever reeee time.

[Anonymous No.12146820]

>>12144988
Even If everyone on the planet receives their node pay out as ETH and never LINK, the node still must be staked with LINK in the first place. Demand will be huge

[Anonymous No.12146837]

>>12145550
>rammable mammon(als)

Smartcontacts are about eliminating counterparty risk, not merely hiding it like a Satan (attorney, one who twists.)

tools love idols .

[Anonymous No.12146852]

>>12145765
Most will never know about the token side, but will become expert navigators of the contract marketplaces and libraries.

[Anonymous No.12146893]

>>12146760
What's worth response in this thread? Posters that take fud seriously and respond with inaccurate statements about Link as counterfud? People who larp as too stupid to understand the analogy between profitable data delivery and mining? There is no purpose for this terrible thread except to shitpost. The dudes trying to speak the truth are admirably pissing in the wind.

[Anonymous No.12146920]

>>12145226
This.

Private chains consist of users that supposedly trust each other, so they supposedly do not need compensation and/or penalty payments.

Private chains are fundamentally retarded however, and more people are realizing this every day.

[Anonymous No.12147044]

Idk.

[Anonymous No.12147317]

>>12147044
i do know

[Anonymous No.12147544]

>>12144988
>le reddit
>eth shiller
dumbfuck.jpg

[Anonymous No.12147586]

it's all over linkies, nobody will buy a crypto coin that
supports slavery

[Anonymous No.12147621]

>>12144860
>>12144875
Well, which one is it?