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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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13896952 No.13896952 [Reply] [Original]

Give me a good explanation of what chainlink does and I might put my next paycheck into it.

>> No.13896972

Its scams people with esoteric promises and a veil of secrecy. Advanced social engineering tech.

>> No.13896979

>>13896952
Go ahead retard follow the herd

>> No.13896981

Fuck you

>> No.13896982

>>13896952
don't, it's a scam. it's crashing right now, just like matic

>> No.13896988

>>13896952
You'll get about 12 Link by then.

>> No.13896991

Its literally a scam created by Jason Parser whose a known white nationalist. It gets shilled here to scam newbies out of their money. Do not buy seriously.

>> No.13896993

no

>> No.13896998

You were supposed to buy at like $0.25 a year ago and sell last week my dude

>> No.13897000

>>13896952
Go kys and fucking your interest

>> No.13897010

>>13896952
I can't belive after 2 years there are still people dumb enough to buy this shitcoin.

>> No.13897021

dear redditor, its a scam

>> No.13897028

>>13896972
>>13896982
>>13896991
>>13897000
How do you expect anyone to take your project seriously if you can't even explain what it does to newcomers lol

>> No.13897059

>>13897028
Hey OP, just wanted to tell you that you're a massive faggot and should kys asap

>> No.13897072

fundamentally a scam/json parser

>> No.13897084

>>13897028
They're embarrassed that they put their entire savings into what is basically a JSON parser developed by a two man team of autistic retards

>> No.13897113

>>13896952
>>13897028

Fucking disgusting newfags, newlinkers, and nolinkers finally starting to question their idiocy make me sick.

Literally two seconds on google and you’ll find articles about Chainlink in Forbes, MIT Technology Review, reports on CNBC, hours and hours of talks on YouTube... warosu has over a YEAR of serious in depth discussion about everything to do with Chainlink, dissecting every last detail... there are thousands words long Medium and blog posts explaining Chainlink from start to finish...
And you want to be spoonfed a personal reply, tailored just for you? Typed out for you, personally? Um no sweetie. There’s a reason you got zero decent replies and that’s because we refuse to spoonfeed newlinkers who are too lazy to type into google. We spent a year researching this shit every single day and holding even through painful dumps to 20c. And you show up demanding info? Can you see why no one wants to give it to you easy?

You have to have gone through this experience, the months and months of reading and searching and learning, to truly understand, and to get to the point where you know it inside and out and will never sell. If someone types you a few lines, you’ll read them, you may buy some LINK, but you’ll just sell sooner or later for whatever reason because you didn’t really KNOW anything. So it’s pointless to explain it to you anyway

>REMINDER:
Do not spoonfeed the newlinkers - the ones who make low effort posts demanding tailored research just for their little pathetic low IQ queries. Why not? Well,
1) They don't deserve it.
and
2) They wouldn't understand anyway.

>> No.13897218
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13897218

>>13897028
Nobody here gives a fuck if you decide to buy in or not. DYOR moron.

>> No.13897277
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13897277

>>13897028
ooops sorry, i have to go now! sorry for that little mess teehee

>> No.13897316

Send your rupees to binance and buy link sir

>> No.13897341
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13897341

>>13896952
Here you go op, I won't tell anyone that you actually already have a big heavy bag of link & just want reassurance.

The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-4-5 years?

>> No.13897378

>>13896952
>t. Chainlink holder using subtle shill
Kys this coin is a joke. Only people on this board actually think it will be worth a lot in the future. Get out from the echo chamber. Oracle problem not even solved yet Kek. Congrats on this, seriously.

>> No.13897398

>>13897113
have sex

>> No.13897404
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13897404

>>13897113
If CHAINLINK moves to BSV, fees will replace tokens.

>> No.13897414

>>13896952
I'm not gonna shill for you to buy 50 link next month

>> No.13897457

Fundamentally it uhhh, Oracle data error fundamentally resilient uhhh smart contracts fundamentally yeh can I get fried with that? Thanks. Err fundamental technology...

>> No.13897488

Buy link sir, good investment, will replace bitcoin.

>> No.13897549

>>13897457
>can I get fried with that
Fried, hanged, shot, you can pick any method of suicide you wish, nolinker

>> No.13897607

>>13897549
Fucking autocorrect I wanted to look cool in front of my internet frens reeeeeeeee

>> No.13897622

>>13896952
DYOR faggot you had two years

>> No.13898011

>>13896952 (OP)
https://youtu.be/QpBWJdX03Fc

>> No.13898149

>>13896952
Jason Parser? He’s Rory’s dad. He’s got a problem with Sergey because when Rory and Sergey were friends when they were younger, Sergey used to raid the cupboards and eat everything in the house. It cost Jason Parser a lot of money to replace all the food Sergey used to eat. The final straw was when Sergey was staying at Rory’s one night and stole his car when they were 15 to sneak out to a McDonald’s drivethru. Rory’s dad Jason thinks Sergey is a bad influence on his son and does anything he can to stop them being friends or working together. Why do you think we haven’t heard from Sergey in so long? Jason Parser has been staying with Rory and Sergey has been in hiding shitting his pants.

>> No.13898567

>>13897113

TOP KEK look at this fucking faggot!

>> No.13898806

>>13897113
PSST
Link is a scam kid

>> No.13898818

>>13896952
go fuck yourself.

>> No.13898848

>>13897404
dude we don't care about your faggot fraud and chief and his non existent patents and how he's not going to get the btc patent

>> No.13898891

>>13898848
Urine passing is a result of homeostasis. It is literally a balancing of the body so the urine passes everything that is not needed in that moment. Urine contains hormones, vitamins, minerals, amino acids that are not needed in the moment but may be needed in the next. It also has STEM CELLS IN IT. Your urine has info about what ails you and then creates antibodies when you drink it So drinking your urine is like drinking a highly nutritious meal. It is also a vaccine. If you get stung or bitten by a venomous creature, the anti venom is created in your body within 15 seconds & will pass out in your urine. I cured food poisoning in 10 minutes by drinking my pee. Before pharmaceutical companies took over, urine was used to cure gangrene on the battlefields of the world, it can be used as blood plasma in a transfusion if the patient's blood is not available. Your urine is just blood plasma but a different colour. There have been more white papers written on the efficacy of drinking urine & putting on infections, than any other therapy on the planet, all covered up by the pharmaceutical companies because if the word got out, they would go bankrupt. Hundreds of Dr's have written articles & books on the subject. If any Dr or individual starts teaching this miracle therapy & gets a following, they get threatened & if they ignore those threats, they are killed, such is the world ruled by corrupt corporations hellbent on making money out of nothing. The average mark-up (profit margin) on pharmaceuticals is around 20,000%, do you really think they will give up this method of creating gold out of lead & tell the truth? No chance.

>> No.13898910

Eric Holder had Paul Walker assassinated to cover up his illegal gun smuggling operation in Mexico known as Fast and Furious..

>> No.13898932
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13898932

>>13898848
Still ZERO refutal from Sergeys Cucks

>> No.13898957

>>13898932
your scam coin pumped 47% because of fake chink news, you subhuman niggers are so stupid. i honestly hope you lose everything for being such a smug dunning kruger retard.

t. poor faggot forever

>> No.13899238

>>13898806
>>13898567
ugh samefag

>> No.13899263
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13899263

>>13897404
>If CHAINLINK moves to BSV

>> No.13899266

Someone explain this to me like I'm a brainlet (I am). Question goes for any crypto but lets take link as an example. There's this 'smart contracts' 'real world data' lore meme going on so I have to ask where is the price of a token incorporated in the story? What does it mean that link is worth $1.20 in the whole smart contract meme and what does it mean to own a token? I understand crypto in terms of currency, but my understanding falls apart when the token actually does something.

>> No.13899292

>>13896952
It takes your money now, and then later you get back less money.

>> No.13899303
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13899303

>>13899266
google it

>> No.13899306

>>13896952
Iota just achieved something that would render chainlink useless. Lose your money I guess

>> No.13899372

>>13899303
Idk what should my search term even be nigga.

>> No.13899494

>>13897028
You have been spoonfed for the past two years. If you didn't listen, go fuck yourself. Mainnet is in 24 hours and the price will go to 1000$ by end of the week

>> No.13899517
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13899517

>>13899372
heres my good deed for the day.
Also, read the whitepaper under section 5.5
https://link.smartcontract.com/whitepaper

>> No.13899542
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13899542

>>13898910

>> No.13899647

>>13897028

you had 2 years faggot

>> No.13899908

>>13899517
Thanks bro. God bless.

>> No.13899924

>>13896952
>spoonfeed me everything you know
>afterwards I might put the equivalent of a fraction of a penny into it

No.