/biz/ - Business & Finance

>>14100458
are we really still early???

>>14100458
0.1% adoption worldwide!
not even on the fucking chart yet.

>>14100571
why would OP post lies on the internet? like come on... it's not like last 10 years didn't exist...

>>14100586
do you know the number of unique addresses?

>>14101173
11.2 million addresses 0.16% if everyone only had just on address i personally had like 30-50 didn't exactly count. currently have funds on 12.

>>14100458
Tesla is in the innovators phase
Crypto hasn't even hit the innovators phase yet

>>14100458
>>14100582
>doesn't realize that the globe will adopt decentralized technology in many forms while BTC passes to the wayside

You're not an early adopter when even your fucking barber was talking about it in december 2017.

>>14101252
maybe i wouldn't bet on it tho. bitcoin is very special. not because its the best tech not because it's the first mover. it's because it is universally perceived as precocious and valuable while being unconfiscateable making it the perfect escape vehicle ever.

>>14101275
>precocious
fucking autocorrect man

>>14101259
>JeW

>>14100458
2012 seems so far away
Getting into crypto just because I couldn't find a good dealer over the first months and it was too hot to grow. Shitposting with DPR1 and Ross in the Silk Road Forum, discussing with Backopy about how to transfer DNMs to i2p too maker them more resilient, shitting on monero on bitcointalk just for the sake of it, laughing about XRP and its centralized bullshit, reading Lucifs cryptic messages and starting to understand what it is all about, trolling Charlie and getting LTC for doing so, making drag mad together with Tarrant in the box... Fuck I wish I could turn back time to the good old days.

>>14101303

have sex

>>14101320
And the most hilarious thing, the internet hasn't changed a bit, projection is still the most common ad hominem

imagine if the internet went down if more than 6 people per second tried to connect to it.

>>14101343
Have you made it? If so, why do you still lurk here?

>>14101349
then maybe you would have sex

>>14101306
larp

>>14100458
>Early adopter
>pic related scene from netflix series 'how to sell drugs online (fast)'
>155 million Netflix users world wide have ease access to this
>early adopters

>>14101408
>poll college students, usually the most up to date with "hip/cool" tech, if they would rather have 1 btc or 1 dollar
>a majority say they'd take the dollar
yeah, we early adopters NIGGA

>>14101369
Yes.
>Why you still lurk here
one of the few places where projects are being scrutinized to the core by the few autists who stayed, datamining and shitposting of course

>>14101259
Lmao literally a jew

>>14101461
but college students are verifiable retards

>>14101560
So are the boomers.

>>14101408
>faggot writers use their job to pump shitty IOTA

>>14101408
How many people do you know are using Bitcoin to purchase their goods day in and day out? It still isn't accepted worldwide to do e-commerce and make purchases like cash or using a credit card is. Heck, the damn thing still doesn't scale enough to be used like a Visa card. More blockchain development is ongoing now than ever, but it's one big pump and dump market. Nothing else. Wait for the regulations and ETF's. Wait for your grandma to actually know how to use their crypto. Wait for when dApps are used to do business and access programs instead of legacy ones.

Bitcoin and crypto haven't touched the surface of what they can be for the financial world.

>>14102400

>>14100458
for networth % of population adoption doesn't matter. btc will take over about 50% of wealth stored in the world. it's estimated between 0.5-2 trillion dollars. currently it's around 0.02%.
there are plenty of 10Xes left in crypto.

>>14102405
>did the package arrive
should every ups guy get followed by a group of independent oracles? it's kind of pointless if every oracle just uses the same courier api.
>what's the cost of a barrel of oil
again, it's just using common public apis. just grab it from google lmao. this doesn't have to be decentralized.
>what was the rainfall at this location
again, all oracles have to trust the guy who actually gathers the data
>legacy systems payments
just let the banks themselves handle that

>>14102990
Based
Linkies BTFO

>>14102990
>all oracles have to trust the guy who actually gathers the data

if youre going to use this argument one time, why not just use it every time
assuming that data providers as a whole are providing false information just completely breaks any system reliant on data in the entire world

>>14102990
holy fuck what should i buy instead

>>14102990
Its about the triggers, and the automation
If the trigger is an API both parties trust, they agree this ahead of time, then an oracle needs to get that agreed API trigger on-chain and into the contract.

Does party A run the oracle, or party B.
How about we leave the triggering of the contract to a trustless layer of independent nodes. Same with a bank payment. Instead of trusting party A to pay when the good arrive, the value is paid into the smart contract, and the funds only released when appropriate predefined logic is complete and payment triggered

>>14100571

>>14103030
data providers have always been the weakest link. inserting a middle man that delivers information from the data providers to businesses won't change that.
>>14103048
>Instead of trusting party A to pay when the good arrive, the value is paid into the smart contract, and the funds only released when appropriate predefined logic is complete and payment triggered
"when the goods arrives" means "when usps marks the package as shipped" in practice. you still have to trust a third party. if you're concerned about the entity providing the api being untrustworthy, then just use google or aws. they can provide the same service cl does (transmit data from rl databases to the blockchchain) are will probably be much cheaper.

>>14100571
If you can’t answer that question by looking at marketcap alone you fail to understand bitcoin and the markets it is penetrating.

>>14103111
>transmit data from rl databases to the blockchchain
Using an oracle? Who runs the oracle
Lol. Fucking hell some people are brainlets

>>14103102
Those numbers seem high too. I suspect that the survey was skewed toward a younger and more tech-savvy crowd than a true random sampling of the population.

>>14103151
why use a decentralized oracle and pay 20 entities when you could just pay one? everyone uses the same data source anyways.

>>14103166
>inb4 no rebuttal
There's no saving you kid

>>14103166
Trust vs trustless/tamperproof
You are arguing against decentralisation right now

>>14100458
>90% of all btc that will ever be mined held in .4% of wallets
>early

Audibly kek'd

>>14103198
Now I feel like a late USD adopter.

>>14103181
you are already trusting the original data provider (e.g. ups). every single oracle will use their database. that's not exactly trustless.
besides, decentralization is overrated anyways. corporates trust centralized data providers like google or amazon all the time. companies would rather pay $0.002 and trust google than pay $2.42 and trust the consensus of 20 oracles.
>>14103178
>he doesn't understand the projects he invests in
never going to make it

>>14101408

Fucking IOTA always honey for newfags, utterly disgusting

>>14103262
>trust google
Where does google get the fucking info from? And let's say they do use google, how do we know that that data source is not being tampered with? Obviously some scenarios like the NFL scores are going to be hard to use decentralized consensus for since they are proprietary, but how do we get info of something like the price of oil to a smart contract, and in doing so do it in a decentralized and tamperless manner?

>>14103198
A ton of those are dormant for years and assumed to be lost. And even more are exchange wallets.

Nobody knows the true distribution, but if you take away lost wallets and exchange wallets, it's not nearly as skewed.

>>14101173
address number cant matter right. robinhood fags have no unique addresses, grayscale investors dont, most people dont even move coins off exchanges

>>14101408
>buying drugs with Ripple, IOTA

>>14102990
thanks just sold 100k link
what a scam

>>14103048

what a nerd, shut the fuck up, you know nothing about the business world

>>14103292
>Where does google get the fucking info from?
the same sources cl oracles get their info from. other databases, public apis and maybe even private auditors.
>And let's say they do use google, how do we know that that data source is not being tampered with?
how do cl oracles know? they're just transmitting content from the original providers (the people who actually go outside and create the data) to the blockchain. if you're talking about google being tampered with, you're deluded. the likelihood of that happening is so incredible low that companies will comfortably rely on them for multimillion dollar transactions - google has zero incentives to endanger their business by illegally tampering with contracts between two third parties, and their cybersecruity is basically unbreakable.
>Obviously some scenarios like the NFL scores are going to be hard to use decentralized consensus for since they are proprietary, but how do we get info of something like the price of oil to a smart contract, and in doing so do it in a decentralized and tamperless manner?
by paying an independent oracle to grab data from the api of various exchanges? both cl oracles and google can do that, and both have the same incentive to not mess with the data.the difference is that google is a thousand times cheaper.
companies aren't paranoid enough to blow up their accounting expenses because they mistrust google.

>>14103487
So why aren't all these literal who projects just using Google as their API source instead of partnering with Chainlink? It would be a lot easier for them to do that yet they partner with stinky?

You sound like pic related. I suggest you get a suicide stack in case stink actually manages to do what they set out to do so you don't do an hero.

>>14103487
>how do cl oracles know?
They don't know. It is just provable. And if they provide shitty data they get punished. Who punishes goolag if they provide tampered data?

>>14103524
>So why aren't all these literal who projects just using Google as their API source instead of partnering with Chainlink?
because "blockchain" is the hot new buzzword. partnerships doesn't mean mandatory usage - companies can appear hi-tech and advanced by partnering with a "blockchain" developer without actually using their product.

>>14103524
accidentally hit "reply" to early. i can't just end this without mentioning that you just almost verbatim used a classic shitcoin cope. just because one coin mooned once doesn't mean that you favourite token will.
>>14103589
the public finds out that they provide unreliable data and switches to sap/amazon instead? they have an incentive to be as accurate as possible.

>>14103650
>Your coin is bad
>I think my coin is goo-
>LOL LET ME FUCKING GUESS, YOURE GONNA SAY ITS NOT BAD RIGHT LMFAOOO

>>14103650
Not sure how new you are, but when anons fucked with goolag through adnausseum and click scripts, goolag just got away with it. If you don't get why decentralized oracles punishing the node operator automatically by having him provide a collateral, and why centralized oligarches will get away with manipulating data, stop posting and do more research.

>>14103681
more like
>i think your coin is bad
>that's what people said about eth when it was a dollar
it's a complete non-argument that can be applied to literally every coin in existence.
>>14103698
decentralized oracles won't solve the faulty data problem either - in fact, they only make it worse. if one node operators notices that he receives fraudulent data and corrects it, but everyone else just accepts it, he gets punished while the others get away with it. consensus isn't automatically truth.
also , we're talking about a contract between two independent entities here, not between google and another entity. google has nothing to gain and everything to lose by fucking with the data they transmit.

>>14103755
You are a retard. Sell your LINK and buy XRP

>>14103755
Smells like dec 2017 in here

>>14100458

>early into something that will never go anywhere