Chainlink and the 4th Industrial Revolution

[Anonymous No.12670331]

Please explain how Chainlink will serve a vital role for the 4th Industrial Revolution. I came for the memes, but who would've have thought the implications were far greater.

[Anonymous No.12670339]

LURK MORE NEWFAG

[Anonymous No.12670395]

>>12670339
Breadcrumbs please

[Anonymous No.12670408]

>>12670395

[Anonymous No.12670415]

>>12670395
Oops. Meant to include pic

[Anonymous No.12670416]

>>12670339
Throw me a bone or are you not confident in your investment FAGGOT

[Anonymous No.12670423]

>>12670415
HOLY SHIT. Are these connections confirmed or mindless speculation?

[Anonymous No.12670457]

Ok, so I probed around with a lot of the infographic and some of the connections do make out. Back what about the hints to ties to Maersk? I guess I could see a use case for Chainlink into supply chain.

[Anonymous No.12670474]

>>12670416
You dont deserve this. Go away.

[Anonymous No.12670478]

>>12670474
Why would you say I don't deserve it?

[Anonymous No.12670484]

>>12670474
How long have you known about Chainlink? I'm still wrapping my mind around this project, but if I am right, there's some potential here beyond crypto.

[Anonymous No.12670486]

>>12670331
It's literally a scam coin. I wouldn't believe anyone who tells you otherwise.

[Anonymous No.12670491]

>>12670486
Hmm, I think you may be off the mark. I just google'd chainlink blockchain and I see they have been covered by serious and reputable publications. That's probably how you heard about it.

[Anonymous No.12670499]

>>12670484
Nice id color. NPC.

[Anonymous No.12670505]

>>12670499
?

I'm trying to expand my understanding of this project and you throw out non-value comments?

[Anonymous No.12670509]

>>12670484

I wouldn’t even consider chainlink a crypto desu. The only thing you can buy with it is data, but its the most secure tamper proof data possible. That’s why it has been performing so well in this shit market. It isn’t trying to be a currency because currency coins are a meme.

[Anonymous No.12670533]

WHAT IS CHAINLINK
https://blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

WHAT IS TOWN CRIER HOW DOES IT IMPROVE ORACLES
https://blog.chain.link/town-crier-and-chainlink/

1400 CHAINLINK MEMES
https://imgur.com/a/GnW0DmO

CONNECTIONS AND BREADCRUMBS
https://imgur.com/a/HS9hIfr

POSITIVE AND BULLISH THOUGHTS
https://imgur.com/a/bklfSCi


>What is Chainlink?
Chainlink is a decentralized network of oracles reliably inputting data to smart contracts.
>What are smart contracts?
Automatically executing digital contracts, which will replace future legal agreements, where a contract executes on its own instead being executed by either party in the contract.
>What is the LINK token and why do I want to buy it?
The LINK token is what Oracle operators require to operate. Operators lock away huge stacks of LINK in their Oracles because the more they lock away, the pricier the contract they can submit info to.
>Why don't Oracle operators just get paid in USD?
Because the network runs on LINK tokens. The more usage the network gets, the pricier each token becomes.
>How do I buy LINK tokens?
Currently you can only buy LINK from cryptocurrency exchanges, but soon there will be official, direct gateways to convert USD/LINK, EURO/LINK, ETC.
>How are oracles decentralized?
Decentralized means anyone, not a select few, can run an Oracle and upload information. A reputation system is built in that punishes niggers who submit bad information, and rewards people who submit true information.
>What decides the information I submitted is true?
The network decides, based on majority rule, which is effectively the only way to decide. Based on the reward/punishment system in the previous question, operators who take their job seriously won't risk losing it over being persuaded to upload wrong information.

[Anonymous No.12670544]

I have a childhood buddy that became friends with a rich, but quiet dude. He keeps to himself, very smart, but fairly balanced. He invited us out to hang out for a meal at a restuarant. He paid.

While drinking dinner with him and my buddy, I asked? I figured why the hell not? I have nothing to loose.

He told me to get to understand Chainlink. I asked him if he has skin in the game and he said he'll be starting up a company to support the network. I saw his reply as a serious hint that this project could be absolutely huge. So I read an article on it made by the Oracle and checked out some other places.

Those who know about this project in more detail please drop some serious breadcrumbs.

I want to learn as much as I can. I am willing to buy more of the project and seriously get involved. I also read a lot, but the impact of this project is quite dense. Let's be honest.

I want to make it

[Anonymous No.12670561]

Some part of the comment was left out somehow.

My buddy's rich friend said he started buying around September 2018. From the stuff my buddy hints at, this guy has a serious knack for making money. I want to learn

[Anonymous No.12670577]

>>12670533
Thank you!!! I will read all of this and learn as much as I can and help out. My buddy is lucky.

My buddy probably doesn't get how huge this project can be. I get it, I guess intuitively. But now its time to pair this intuitive understanding with more concrete use. Who knows, maybe I soak up the knowledge on Chainlink and work for my buddy's friend.

I own about 2,500 LINK. I want to make it, but there's some people here I'm sure with more than that.

[Anonymous No.12670592]

>>12670544
Well I'm convinced, rich but quiet dude really knows his shit

[Anonymous No.12670601]

>>12670509
Interesting comment.

"I wouldn't even consider Chainlink a crypto desu".

Not sure what a desu refers to, but with the real world API access alone to pair blockchain smart contracts from the current silo'd environments, thats a game-changer. Anyone with an IQ of 120 could figure that part out independently. I'm reading the links provided to me on this project and learning as I go along.

[Anonymous No.12670613]

>>12670577
I feel for you buddy. A year ago when I started learning about Chainlink there were tons more productive threads. Now everyone is just bored so they FUD while stashing it away waiting for the next bull run.

Go to the archive and look for threads from around December 2017 to March/April 2018 with a focus around Jan/Feb 2018. Some of those threads were absolute gold. A lot of connections were speculated and we still aren’t sure about. 2019 will be the year a lot is revealed about this project.

[Anonymous No.12670628]

>>12670544
How much do you know so far?

[Anonymous No.12670634]

So wait a minute...
Towncrier has connections to ivy league Cornell University. Chainlink bought this technology and will also be leveraging INTEL SGX?

This is some serious strategy.


OK, I will definitely spend this week investigating this project. It's like a rabbit hole.

[Anonymous No.12670635]

>>12670331
It will be the mark of retards as google Facebook amazon palantir Apple tencent and Alibaba shareholders inherit the earth

[Anonymous No.12670678]

>>12670628
I just finished reading the article from CNBC.
So far, I've read the MIT articles, FORBES, and NASDAQ. Also reading the material from the anonymous posting with the breadcrumbs.

If anyone could test me on my knowledge or give me questions to help with my learning on this project, I would be duly grateful.

As crazy as this sounds, I think it may be fate that led my friend to meet this new guy.

If it weren't for that, I would not have seriously begun studying this project. The guy looked me dead in the eye and said he's starting a company to support the ecosystem. He's works a lot and I don't know him that well, so it's not like I could go and bug him about the details of Chainlink.

But please test me as I want to learn and maybe work for him build his business. I have a Bachelors in Business, btw. I want to become an entrepreneur myself and be rich like the new guy. But everything is a learning process, and I have patience (but do not sqaunder time).

[Anonymous No.12670685]

>>12670678
You found the crypto oracle articles yet?

[Anonymous No.12670689]

>>12670423
Take a wild guess

[Anonymous No.12670712]

>>12670685
Yeah, it was one of the first articles I read. I've read all of them. So I'm somewhat familiar with the concepts and the different use cases. I literally believe this could be the greatest opportunity for me in this global market. It's clear the world is moving to one of increased populism and border-bickering, but the thing I think that may continue to unite people is technology. I mean hell, there's a chance if I dedicate the time I will be well-versed in the technology.

Oh yeah, I just text my friend and asked if knew if the rich guy knew about ethereum and bitcoin and he said yeah, he's known about for a long time. Chance he made money on those also.

This might be the biggest opportunity for my career. This is why I am so persistent with you guys. I just want to shorten the learning curve and make it.

[Anonymous No.12670732]

>>12670331
it wont, its a fucking gay meme spread by canadian faggots and pajeets, dont buy this shit if you value your assets

[Anonymous No.12670734]

What in the fuck is this thread? I thought this was a nepalese barbershop startup forum

[Anonymous No.12670737]

>>12670712
https://overcast.fm/+OWGx5WE48

You can listen to this

[Anonymous No.12670750]

>>12670613
I'll take a look into this and thank you for the tips!

I've already have thought about applying for another part-time gig and buy more LINK. This project will be a game-changer if it takes off.

I wonder what kind of company my buddy's friend is creating. I'd hate to be nosey, but I'm getting more curious by the minute.

[Anonymous No.12670760]

>>12670750
just ask him, who gives a heck?
maybe the guy might even be happy to talk about it
>I'm getting more curious by the minute.
you said it yourself, its a rabbit hole

[Anonymous No.12670794]

>>12670750
probably some sort of API/ node listing services

oh wait wasnt there a biz startup doing something like that?

[Anonymous No.12670796]

>>12670760
I only met the guy once, so it might be a bit off-putting to ask the guy directly, "What kind of company are you starting around Chainlink?"

I'd rather approach the situation being knowledgeble on Chainlink the next time I see him and then ask him during the course of the conversation.

[Anonymous No.12670809]

the future has no place for digital middlemen like chainlink. they had the right idea, but the wrong implementation. better luck next time

[Anonymous No.12670818]

>>12670809
I've done enough reading to understand the technology on a superficial level to get this is nothing to ignore, so let's stop wasting time.

[Anonymous No.12670840]

>>12670796
good point. at first i thought you were larping, but it seems like you're on the right track.

[Anonymous No.12670852]

>>12670818
anon, i don't wanna be rude but we've been discussing link ever since the ICO, which is over a year ago. most people who are willing to explain into detail have done it so many times and there are numerous of posts archived that give good insight. so naturally after the 10000th time ppl wont bother giving a serious answer since we've discussed all this many, many times.

[Anonymous No.12670853]

>>12670818
youre confusing the technology for the business model. the tech could work, maybe, we don't know. what we do know is that the business model doesn't, especially the way link supposedly secures it's own platform by tokenizing the value of the platform itself.

[Anonymous No.12670854]

>>12670794
>node
Just read some articles on what a "node" consists of. So this could be a passive income opportunity? Hmm. Thanks for mentioning this. Will explore this aspect further.

[Anonymous No.12670864]

>>12670854
chances are no, because unlike nodes or miners on a validated blockchain, all nodes are node made equal, both in reliability and more importantly trust. chances are your node won't get any usage or be included in any whitelists for high traffic or high value usage.

[Anonymous No.12670868]

>>12670864
>all nodes are not made equal*

[Anonymous No.12670869]

>>12670854
all ypu need to kbow is that smart contracts and storing value on the blockchain will shift society into a cashless one, creating a fuckload of (((big data))). You think shits creepy now? Just wait another 10 years when everythings logged on chain and kids born '05 slowly turns working age with their jewgle accounts holding their entire youtube and google search/play history since they first held an iphone. The surveillance will all be normal to them, making this generation the perfect breed for ((them)) to shape society as they see fit.

All of this will be building up to the releasing of breadcrumbs about our true origin, existence of aliens, previous civilizations on earth, all before the climax of project bluebeam where a charismatic individual will unite humanity under a one world government and propel us toward spiritual enlightenment, fulfilling all guidelines on the georgia guidestones and preparing us for entry into the galactic federation

personally im all in

[Anonymous No.12670878]

>>12670869
take it with a grain of salt though, because truth is 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.12670884]

>>12670809
>>12670853
shut the fuck up you retards. god damn, having to waste mental capacity reading shitposts like this makes me actually want to hunt you down and skin you alive you inbred spastics.

[Anonymous No.12670885]

>>12670854
stop spamming, lurk more and go back to re*dit

[Anonymous No.12670889]

>>12670878
this meme overlooks the reason chainlink got such a big following on biz at first was just because sergey looked funny

[Anonymous No.12670893]

>>12670884
yeah, cover your ears, any year now chainlink is going to make everybody rich!

[Anonymous No.12670894]

I'm in my 20s. I don't go out much. I read a lot and have always kept to myself and read about business and success. I want to make it. I have already done the prerequisites in making it.
Imagine to my delight when I meet a guy who is rich and knowledgeable in Chainlink. I feel that this is my moment, and now I must do what's necessary to seize it.

I truly appreciate all the breadcrumbs. Yeah, I'm getting a second-job and put a lot of those earnings. I wish to have 10K LINK and I better get to work soon. Kind of seems like momentum may be picking up on casual glance.

[Anonymous No.12670909]

>>12670894
if you look at volume you'll notice a huge increase in the past couple of months. whereas before the volume wsa so dry you were better off watching paint dry than looking at the LINK chart.

[Anonymous No.12670925]

>>12670909
Yeah, I just noticed the price chart action. I wish I could have known about this project earlier. I would have had a decent stack at .$.17

[Anonymous No.12670958]

>>12670852
Yeah, but for people like me, threads like this make it easier for me to gain more knowledge. I already understand this project can make me rich, so I'm busting my ass here with gaining more info and picking up a second gig. I understand no one is going to hold my hand, I have to do the required work necessary for a better future. I want to make it, and God willing, I will.

[Anonymous No.12671004]

LINK 16,839,738,022 £ 2025
Companies will be bought with 1 LINK.

[Anonymous No.12671024]

>>12670958
Recommend buying a stack, then browse here more. There are still quality threads sometimes.

[Anonymous No.12671049]

watch the fireside chat with gonser if you want to understand how chainlink can play a pivotal role in this emerging digital economy.

most anons called it a nothing burger because there was no announcement. but the key takeaways are that: a) gonser himself is shilling LINK to huge corporations and b) he's helping Sergey navigate these types of uncharted waters that gonser himself once did.

he recognized the disruptive potential of the technology and if things play out correctly, sees potential in a VAST number of applications that can and will save industries billions and billions of dollars.

[Anonymous No.12671051]

>>12670331
You're the worst kind of person, and it is obvious you know that to be true.

>I-I just w-want everything done for me and for others to think critically and sometimes abstractly and then to explain certain concepts because I am so stupid, I'll never be able to fully understand anything beyond fifth grade maths.

McKill Yourself

[Anonymous No.12671943]

>>12670634
>It's like a rabbit hole
You have no idea.

[Anonymous No.12671983]

>>12670331
After youve learned what Chainlink is read this and especially the last 3 paragrahs. It will help you understand just how BIG Chainlink is for the crypto space and why the tokenomics of LINK is the best.

https://venturebeat.com/2019/01/26/blockchain-in-2019-will-be-all-about-the-middle-layer-protocol/amp/

[Anonymous No.12671992]

>>12671983
>tokenomics of LINK is the best
its a basical staking system with 65%+ centralization and no value capture on the chain itself.

[Anonymous No.12671996]

>>12671992
>its basically a*

[Anonymous No.12672384]

>>12670331
Chainlink relies on ethereum which is not industry grade ready.
As long as the core protocol won't become any better, anything built on the platform is built on a faulty fundament.
Why not port over to a better platform?

[Anonymous No.12672418]

>>12672384
>what is middleware ?
non dependent.

[Anonymous No.12672432]

>>12670331
It won't.

Next question.

[Anonymous No.12672438]

>>12670331
Lots of reddit in this thread

[Anonymous No.12672454]

>>12670561
He bought a few months before the bubble popped. He's trying to sell you his bags.

Go away.

[Anonymous No.12672480]

>>12670925
Welcome fren. You gotta be in it for the long haul though. This is a minimum 5 year hold, and you’ll still want to kill yourself if you sell everything at that point. People will be shilling things like HOT and BTT and Bitcoin Ultra Extreme 2.5 but the only way to make it is ignore the rest of the noise and keep holding. Swinglinkers kys themselves everyday

[Anonymous No.12672502]

>>12670478
The fact you asked this explains it.

[Anonymous No.12672513]

>>12670505
Try reddit bro. You’d fit right in.

[Anonymous No.12672537]

>>12670505
>>12671983
>>12671992
>Which layer of the blockchain protocol stack will create and capture the most value?

[Anonymous No.12672542]

>>12670678
Get to the part where all 3 of you got a room and fucked

[Anonymous No.12672548]

What is with this holochain fud? Will holochain deploy their own oracles and will they be superior to chainlinks network of decentralized oracles? Wouldn't holochain need trustless data?

[Anonymous No.12672554]

https://www.youtube.com/watch?v=4hR4rDbJPM4
Stay stinky, gamers! :^)

[Anonymous No.12672567]

>>12670505
r/linktrades

[Anonymous No.12672570]

>>12670561

>September 2018

hahahahahaha

[Anonymous No.12672594]

>>12670505
No one owes you shit, you pathetic pleb.

[Anonymous No.12672595]

Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life.

Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night.

Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over.

Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology.

Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over.

Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY.

This is a 4chan meme to siphon money out of the hands of the already vulnerable.

[Anonymous No.12672699]

>>12670423
Not mindless speculation but they are all speculation. Many connections through twitter followes. Many of these companies are saying they are using apis and open source blockchain tech. Many have stated they are using oracles in a decentralized way or they are utilizing auto executing smart contracts. World econonuc forum praised sergey and smart contract (the company he runs). Chainlink did a successful poc with swift and showed that chainlink could automate their bond payment processes. Many different people have written articles flat out confirming that chainlink is partnered with swift but if swift doesn't make an announcement that tgey are partnered everyone will call it speculation even though there will likely never be an announcement because that is now how major companies operate. Many many more conbections i haven't mentioned. Probably hundreds of different connections. But all still speculation.

[Anonymous No.12672765]

>>12672595
Is this real? That girl must be 5'5 or shorter

[Anonymous No.12672945]

>>12670958
so whats the point of all this "i don't know about link" shill? In the end either you buy, or don't buy. So you've read the whitepaper, all the articles... in the end, same shit. Buy or don't buy. Not a single larp/insider in biz history has been right about the price of link so far. If you're a true believer of link's tech and future, but the price never raises above $1, would you still buy in now?

All this meaningless "please teach me anon" bs . Either you're in, or you're out.

[Anonymous No.12673423]

>>12672537
"Fat Protocol" as described in the Venture Beat article. It appears Chainlink can and will fit that description by the use cases within Derivatives (a Quadrillion dollar industry) and the insurance sector (multi-trillion) in just the U.S. alone.

The fact that smart contracts are receiving favorable traction within the legal and regulatory regimes makes me even more bullish.

[Anonymous No.12673443]

>>12672945
What about the larpers who claimed chsinlink would never ever hit 2 dollars. They were right.

[Anonymous No.12673445]

>>12672945
if you haven't noticed yet, these people are buying chainlink so they don't feel like outcasts anymore. its just one giant support group for people dreaming about getting rich, while being hyper emotional about their little "investment". the whole thing would make a great psychological study about the beta mindset.

[Anonymous No.12673463]

>>12673423
the fundamental misunderstanding is that chainlink can't capture value when it doesn't even exist on their platform. the value is all in the APIs, and they are wide open or chainlink doesn't bring any value-add.

[Anonymous No.12673535]

>>12673443
An anon who sits at the end of time and reveals to us his greatest hindsights. What else never happens, oh great one?

[Anonymous No.12673571]

>>12673463
From my reading, it appears each transaction conducted on the network will require a payment, no matter how nominal the pricing element is. The fact that the contracts are enforceable, and nodes are incentivized to secure the network, and allow for network users the trustless/tamper-proof allows for new business models we've yet to see carry out. I'm still rough in my understanding but I get the additional value of this network--at the basic level. Thank you everyone testing my understanding. I am here to learn and have already begun reading the whitepaper for a second time.

[Anonymous No.12673596]

>>12673463
By the way, payments must be carried out in LINK. The token for the network seems to have an intrinsic element to this which for all intents and purposes add an economic layer of security. I still have more to read, but I'm getting there.

[Anonymous No.12673616]

Bailey O'Shea joined as self viewer on pivotal.
Could it be the same Bailey O'Shea who's Product Manager at General Motors?

[Anonymous No.12673632]

>>12670533
>digital contracts, which will replace future legal agreements,
peak delusion

[Anonymous No.12673718]

>>12673596
The importance of the token is not so much paying out node operators but rather node operators staking the token on the network.
A finacial incentive is absolutely necessary to prevent Sybil attacks. If nodes have no skin in the game then there would be no punishment for gaming the outcome of contracts.
Brings into question how much $ nodes would have to stake in order to accept a contract. No one knows yet as we have nothing to go off of but I would assume*** that the total amount staked is worth more then the entire contract because the value of the contract should be covered by at least 51% of the nodes so it is not profitable to Sybil.

[Anonymous No.12673849]

>>12673596
>The token for the network seems to have an intrinsic element to this which for all intents and purposes add an economic layer of security
Or I can just use a traditional B2B data pipeline with a traditional legal contract with a data vendor and not worry about sybil attacks and economic incentives of nodes and such.

[Anonymous No.12673856]

>>12671992
The beauty of Chainlink is that the value is captured off chain through staking, collateral value and offchain computation.

[Anonymous No.12673904]

>>12670331
just know this. Chainlink is all about connectivity. Without LINK all those smartcontract platforms are useless. There is no way for them to connect to real world data for execution.

In comparison, ETH ADA EOS all these smartcontract platforms are like Webdevelopers. They built websites but HTTP doesn't exist yet. So no one can use the them. Chainlink is the connectivity. It is the equivelent to the HTTP protocol of the internet stack. except in blockchain stack the HTTP protocol, LINK, is a token you can invest and capture the value of connectivity.

Not many people quite understand this yet. Consider yourself lucky whoever is reading this thread and finally understands what Chainlink is.

[Anonymous No.12673968]

>>12673856
>Collateral value
Value captured by node operators, not data vendors or purchasers

Seems like rent-seeking to me. Why would I pay a fee to a middleman? I will know a lot more about normalization and validation required for my data for my use case than any oracle will.

[Anonymous No.12673981]

>>12673718
I think there’s supposed to be some third party listing service and reputation provider that verify identities and prevents Sybil attacks. Not sure the staking value will contribute much to that defense except as an extra hurdle against attacks

[Anonymous No.12674006]

>>12673981
Reputation and staking both help prevent sybil attacks but I would argue that staking plays a more important role.

[Anonymous No.12674033]

>>12673968
You pay for decentralization which chainlink is the middle man for. It is the middle layer in which ALL Smartcontracts will need to connect to in order to operate.

[Anonymous No.12674034]

>>12673968
Contract creators determine the terms and level of decentralization of data retrieval they require. This really will be an experiment of how much decentralization is considered a security guarantee. What you are paying for is the level of decentralized data retrieval and aggregation that you feel makes your contract secure and fail proof so it can essentially run autonomously for however long it is needed

[Anonymous No.12674081]

>>12673849
>Or I can just use a traditional B2B data pipeline

And risk getting ripped off. Too many people sue each other for giving false inforamtion. Even banks sue each other for giving false libor rates only to find out 5 years later.

The whole point of a decentralized pipeline is that not one centralized entity controls the data fed into a smartcontract.

The whole purpose of this space is to automate contractual agreements. You can 't do it without decentralization.

[Anonymous No.12674116]

>>12670416
He’s actually so confident in his investment that he’s going to FUD it so low IQ faggots like you who don’t want to put the time into the actual research and understanding of the tech will fuck off and buy (((XRP))).

No one wants to spoonfeed you because we already put in the time and can now relax and make Sergey clown memes to pass the time.

Nigger.

[Anonymous No.12674198]

>>12670505
>beep boop

[Anonymous No.12674342]

>>12670869
This anon is smart. Until the apocalypse, we shitpost.

[Anonymous No.12674343]

>>12672548
It's a fucking meme, do you understand? MEME

[Anonymous No.12674394]

>>12674081
But if all data is from a single point of origin from the service's API, what's the point of decentralized oracles?

Consider the NYSE proprietary data-- NYSE actually owns the data and will be the sole point of origin.

It doesn't matter how many nodes there are that are incentivized to tell the truth about a certain piece of data if they are all retrieving it from a centralized single point of failure.

In that case, an oracle is not really an "oracle" at all in the sense that is validating real world data to ensure accuracy, it is just a mechanism for consensus about data from apis.

[Anonymous No.12674469]

>>12673968
>what does trustless mean?

[Anonymous No.12674563]

>>12674394
Chainlink doesn’t say information X is correct and true, chainlink only says that information X sent from person A to person B hasn’t been tampered with, so you are absolutely certain information x came from person A.

By removing trust from the value transaction equation, contracts can become automated using computer networks which respond to human activity.

Chainlink is basically skynet as a singular network guided by humans, so hooking all this up together with AI could pose risks down the line, but we won’t undsrstand those until we start plugging shit in. Personally I’m all in.

[Anonymous No.12674626]

god OP is such a cuck, plz dont ever come back here you big nosed fuck

[Anonymous No.12674698]

>>12674563
>chainlink only says that information X sent from person A to person B hasn’t been tampered with
Err, we already have open standards like TLS/SSL, PGP and cryptographic checksums for that.

[Anonymous No.12674781]

>>12674698
I don’t have the time to spoonfeed you so perhaps some other anons can jump in here.

[Anonymous No.12674791]

>>12670869
Based and bluebeampilled

[Anonymous No.12674792]

>>12674394
>Consider the NYSE proprietary data-- NYSE actually owns the data and will be the sole point of origin
Can I get a quick rundown of how this "signing" stuff happens? So, ok, NYSE runs their own oracle and signs data on the chain. What does this actually mean, technically? That they send all their data to the ethereum chain all the time? Surely that is impossible.

[Anonymous No.12674808]

>>12674781
>I don’t have the time to spoonfeed you
You mean to say you have no response to the API-endpoint single point of failure problem. It's alright.

[Anonymous No.12674853]

Link is a bout making markets for the supply of information but its shit because their reputation idea is completely centralized making link a rubegoldberg machine for what we already have

[Anonymous No.12674876]

>>12670544

Respect the dubs. Lurk more. Threads are archived. Check out warosu biz then figure out an efficient way to sort for the data you want or just go in at random. Do your own research.

[Anonymous No.12674884]

>>12670544

read the whitepaper and watch all the videos on youtube also

[Anonymous No.12674982]

>>12674792
>>12674792
Presumably it's sourced from a traditional RDBS served through an API endpoint or whatever, signed using traditional cryptographic methods and certs. NYSE was just an example, there's tons of examples of valuable data with only one real source. Decentralized oracles don't seem to me to add much value here.

[Anonymous No.12675145]

Listen anons all the speculation has already been priced in and is unlikely to go higher. You think anyone cares about swift? Priced in. Docusign? Priced in. Derivatives? Priced in. There is nowhere for link to go.

[Anonymous No.12675375]

>>12674808
No, I went to the gym faggot. Your comment shows a lack of fundamental information related to the topic at hand so writing that all out to explain to you would not be worth my time so you should DYOR.

[Anonymous No.12675698]

>>12675375
>DYOR
You can't refute the argument that chainlink is unnecessary rent-seeking middleware for simple call to API endpoint A to deliver to smartcontract B, especially if output from the API is cryptographically signed and can be engineered to be delivered as an input on-chain.

1000 oracles returning incorrect data from a single endpoint still return incorrect data, no matter how incentivized they are to be honest.

There's also the problem of reputation poisoning which I've never really seen refuted by any linkies.

[Anonymous No.12675906]

>>12675698
I'm just glad you're mentally ill and no amount of magical internet money will fix your broken brain. Enjoy your AIDS, gatekeeper.

[Anonymous No.12675994]

>>12675698
>Lord of the pajeets, gatekeeper to all of Chainlink's secrets and potential investors.

[Anonymous No.12676010]

>>12675906
>>12675994
>pointing out technical problems makes you a gatekeeper
if you say so

[Anonymous No.12676016]

>>12674808
smart contracts based on only one api are not chainlink's focus

[Anonymous No.12676017]

>>12675698
>1000 oracles returning incorrect data from a single endpoint still return incorrect data, no matter how incentivized they are to be honest.
Yeah but in this situation whichever oracle finds a new data source will get all the demand and make a massive profit.

The problem with chainlink is reputation isnt market based. So everytime there is a real dispute its just going to be decided by politcal corruption

[Anonymous No.12676057]

>>12674116
Based

[Anonymous No.12676113]

Wisdom of the Crowd Price Prediction:
>>12673953

[Anonymous No.12676241]

>>12670794
>oh wait wasnt there a biz startup doing something like that?
Yep and we’re getting closer and closer to launching.

[Anonymous No.12676429]

OP please know that Ari Juels, the co-author of Chainlink's white-paper, has publicly stared that his own invention of TC is hackable and unstable. Therefore the chainlink can be hacked. It's entire value can go to 0 overnight. Stay away from this. a safe investment is Nano. It has yet to be hacked and instantaneous transactions will be an easier use case for mass adoption.

>>12670958
But since you're a man of faith. Stack the fuck up and shut the fuck up. Do not commit sin. Do not look down on no-linkers, for they too are human. and finally, whenever you hear the word "Ass" always quickly and quietly say in your mind "Blaster"

[Anonymous No.12676434]

anyone who thinks serious people are going to stake large amounts of money that can taken as a penalty payment decided on chainlinks idea of "correctness"
>Correctness:The Validation System should record apparent erroneous responsesby an oracle as measured by deviations from responses provided by peers.

this doesn't incentivize trustlessness it incentivises gaming smart contract outcomes for profit if you know you control the majority of inputs

[Anonymous No.12676483]

>>12674698
TLS requires a client server relationship to generate the encryption. Due to the deterministic requirement of the blockchain, it cannot directly interface with the rest of the internet, which is not deterministic. Running the entire state change of the blockchain history needs to generate the exact same way every time. Therefore you can’t have the blockchain requesting data directly and need a middleware. No TLS sorry

[Anonymous No.12676710]

>>12670505
Reddit is the place to go for chainlink info.

[Anonymous No.12676779]

>>12676710
Dude, are you kidding me?

This thread alone has changed my life. It's inspired me to learn AS MUCH as I can about Chainlink.

THAnk you everyone!!!

[Anonymous No.12676780]

>>12674394
1. Not all data can be decentrazed or needs to be.

2. NYSE owns there data. however, stock are traded all around the world. NY, Shanghai, London etc... So there will be different price points from different exchanges. How many gold markets are there around the world that trade 24/7? decentralized oracles will be able to aggregate all that info.

2. lIF there is only one source of data then there will be a fight for another source or you can just look at it like there doesn't need to be an oracle for that particular data.

[Anonymous No.12676786]

>>12670894
10k isn't enough to make it.
Youll need 3-5 x more than that.
Better get to work

[Anonymous No.12676791]

I O T A
O
T
A

You're welcome.

[Anonymous No.12676861]

>>12673904
Again. IOTA.
Data marketplace.
Qubic.
Oracles.

Chainlink is a meme newfags

[Anonymous No.12676878]

>>12676791
Iota is dead.

[Anonymous No.12676904]

>>12676878
Sure it is.
Thats why they were the only cryptocurrency at the World Economic Forum.
Good try though.

[Anonymous No.12676951]

>>12676878
Deader then dead. development stopped. theyre pretty much done..

[Anonymous No.12677026]

>>12674394
>NYSE actually owns the data and will be the sole point of origin.
But how do you get that data on the blockchain? A (until now centralized) oracle. WHICH IS STILL A SINGLE POINT OF FAILURE IN MOVING THE DATA TO THE CONTRACT.

Decentralizing the point of attack where the data enters the blockchain significantly reduces the ability of bad actors or unforseen computer glitches from disrupting the process by which a smart contract can call data to self-execute, to the point you need to worry about data integrity, only the data you want to use.
>reddit spacing
Back you go

[Anonymous No.12677030]

>>12670331
Ultimately the middle-layer protocols in the blockchain stack will create the most value, similar to the Internet stack. Unlike the Internet, though, the invention of the token allows the protocol to capture the value created rather than simply providing a free standard upon which applications build their business models.

The blockchain stack will be different from the Internet stack in that there will be Chainlink instead of a HTTP protocol to power most impactful applications/smartcontracts. Oracles will be the connectivity for different applications or business domains which contain their own unique token. Hence why it is important that Chainlink is blockchain agnostic.

Chainlink is so far the standard middle-layer protocols which will capture the value of staking, commissions, colateral value and other protocol usage fees. In a way, it is the HTTP 2.0 for blockchains.

just think about that for one secone. Imagine if you can atcually own a piece of the internet via a token. It would be worth more then any website created. more then Amazon, google etc...

Thats how powerful Chainlink is.

[Anonymous No.12677055]

>>12677030
This boomer disagrees with you sooner
https://www.forbes.com/sites/davidblack/2019/02/04/blockchain-smart-contracts-arent-smart-and-arent-contracts/#104e99d01e6a

[Anonymous No.12677149]

>>12677055
I agree with the boomer

Smartcontracts are not smart. They useless without Chainlink. Chainlink is what feeds the smartcontract data.

Thats why I put emphasis on the data connectivity. Thats where the real value is. Smartcontracts will on be used to execute. Especially knowing now that oracles can handle computation off chain. The value is in LINK my frens.

[Anonymous No.12677176]

>>12676878
>>12676951
https://blog.iota.org/qubic-status-update-february-3rd-2019-98ca83f6bc04
Quite literally a status update about Qubic.
From yesterday.
Which they update constantly.

Shit you guys are bad at FUD.
Hows that Chainlink GIT looking these days?
lmao

[Anonymous No.12677227]

>>12670577
Listen here you NPC motherfucker, I literally wrote that ez-2-digest copypasta thay you just read, and now you finally understood how Chainlink works.

This is the fucking FUTURE of mainstream sports betting. This will put millions of paper-pushing claims workers around the globe out of work. LINK will be the metric of what reliable information will cost in the future. Get your ducks in a fucking row.

[Anonymous No.12677281]

>>12677176
iota is dead. whats the point of it. can't do anything on it.

[Anonymous No.12677449]

Unironically you don't deserve LINK

[Anonymous No.12677507]

>>12677281
You mean like their data marketplace that Accenture, Samsung, Siemens, Bosch, Volkswagen, etc. have been participating in?
Or possibly feeless verifiable data transactions like Volkswagen has said they will use this year?
Maybe their ID and SmartCity technology that is already being tested in Taipei. Maybe.
Or it could be them being tested by the MOTHERFUCKING
UN

You fucking muppets.

[Anonymous No.12677534]

>>12677281
>>12677507
I mean here's what I don't get.
This is a 100+ post on fucking Chainlink. A newfag scam thats been beat the fuck to death for the last 2 years. It was funny. Its not anymore.

You autists want to do some "research" like you did with Chainlink.
Do fucking iota of research into IOTA and maybe you'll learn a thing or two.

Literally 99% of the crypto market is a scam and you retards are going to lose your money.
I'm trying to help you newfags.
Buy IOTA

[Anonymous No.12677613]

>>12677534
IOTA? Surely you don’t mean the centralized trash relying on its coordinator training wheels, anon...

[Anonymous No.12677704]

>>12677613
Either you're not very smart or you can't read.
Why man?
Why try and fuck with newfags that don't have a dime to their name and are trying to make a buck...
Why are you trying to fuck them over with Chainlink.
Help out these retards on 4chan.
Buy IOTA newfrends

[Anonymous No.12677737]

>>12670734
yes

[Anonymous No.12677749]

>>12677704
You didn't respond to his vary basic statement and decided to shame instead. Typical of scammers.

[Anonymous No.12677765]

>>12677704
Can you fuck off our thread retard? No one is interested in buying your shit IOTA and the price of it should tell you no one in this market is interested.

[Anonymous No.12677841]

>>12677749
The coordinator is simply there to ensure network stability and assurance. It makes sense that a DAG type of network would need a centralized source to assure this before it grows to the point of not needing it.
Which is what is starting to happen.
I literally don't care if you buy IOTA.
Really, I don't.

But for those of you that can see the difference in writing styles and intelligence that are shown quite obviously in this thread, take heed, don't fall for scams...

[Anonymous No.12677850]

>>12677841
>I literally don't care if you buy IOTA.
>Really, I don't.
yes you do you fucking retard. just stop already

[Anonymous No.12677906]

>>12677850
How?
How is me telling you facts about iota, when you're shilling a "$139,524,438" marketcap coin, which again, anyone who is been on 4chan for more than a month knows is an absolute fucking scam, makes me want you to buy it?
4chan isn't going to make a difference in the marketcap of a $690,033,613 "coin"
Lets just be honest here. It won't.

But what can make a difference, is some fucking autist reading my post and realizing that maybe, just maybe, someone on here is trying to help them out.

Again, do your own research, please.

[Anonymous No.12677998]

>>12677841
>I literally don't care if you buy IOTA
Thats why you came to this thread to shill it in every post you've made.
>9 posts by this ID
yea you really dont care

please fuck off no one is interested in buying IOTA.

[Anonymous No.12678057]

>>12677998
I was trying to educate you.
Good luck anon.

[Anonymous No.12678098]

>>12678057
I already have a good enough stack of link and now I want to load up on some other cheap coins. Iota will be one of them. How many iota for her?

[Anonymous No.12678237]

>>12677176
>https://blog.iota.org/qubic-status-update-february-3rd-2019-98ca83f6bc04
>Hey everyone, sorry for the small delay in getting this status update out. We will still call it the February 3rd status update because I did not have the heart to ask Sabri to redo this gorgeous image.
That sentence *perfectly* sums up IOTA. Glossy presentation with lots of fake-technical bullshiting to excuse their baffling, amateurish errors. To change the date on that image would take approx 30 seconds. It would not need a "redo".

[Anonymous No.12678240]

>>12678098
You dullard.
A "stack of link" isn't anything.
BTC isn't either.
That half of a chink face with a photoshopped body isn't either.
FFS.
4chan is so fucking sad

[Anonymous No.12678391]

/biz/ discovered Chainlink before Forbes and MIT Tech Review.

/biz/ will go down in the history books.

[Anonymous No.12678427]

>>12677507
Iota is the most dead coin.

The most important question you need to answer about Iota is this

What is the tokenomics of Iota and why is there value?

Good luck with that question and try not to sound like a 6 year old.

With Chainlink it is clear. LINK has the most clear tokenomics of any other coin in the market.

[Anonymous No.12678431]

>>12677534
Iota is sooo fucking dead. why even shill it.

Its dead. Where does the value come from? you can't answer cause its ambiguous. its dead. get over it.

[Anonymous No.12678437]

>>12677841
Theres no value in the coin. why buy it?

[Anonymous No.12678458]

When the singularity makes the entire population mandatory gay within 1 generation from now, chainlink will bridge the gap between toxic whiteness solutions from vasectomy companies and test tube companies with an army of tyrones xirs to create at will

[Anonymous No.12678474]

>>12678427
If you want to post abput a dead coin make a thread and see who cares. Noobe does because iota is broken tech, it's closed source, its easy to lose money dealing with their unintuitive wallet architecture. You need to attempt to send your money multiple times because it can't confirm transactions, honestly iota is shit.

[Anonymous No.12678549]

>>12678240
Obvious redditor lost. How did you wind up here reddit?

[Anonymous No.12678559]

[Anonymous No.12678591]

>>12678240
4chan has the highest concentration of INTFJs and INFPs on the internet, brainlet. You don't belong here.

[Anonymous No.12678900]

Excellent info given here. Thank you everyone!

[Anonymous No.12679190]

>>12673904
All these retarded faggots spaming their copy pasta day in day out.

NOLINKERS BTFO FORECER

[Anonymous No.12679199]

>>12678240
You have to go back.

[Anonymous No.12679607]

>>12678391
We are unironically in the golden era of /biz/

[Anonymous No.12679896]

>>12677507
middleware, regardless of it being chainlink network or not will capture value of every subsidary blockchain it allows to access real world data.