/biz/ - Business & Finance

[Anonymous No.14509988]

I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

[Anonymous No.14510029]

paste it
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.
>Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.
>'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.
>The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

[Anonymous No.14510039]

>>14509988
Thanks just bought 100K.

You do know companies will be using Chain Link if go through "traditional data providers" such as Oracle, Microsoft, Google, etc.

[Anonymous No.14510053]

Cope. 1000 eoy

[Anonymous No.14510089]

>>14509988
>Analyst

Literally desperately trying to learn how boomers who overlooked the entire space, now think of the entire space....
fun larp but no real meat 2/10

[Anonymous No.14510087]

>>14509988
>price went up. better dump my lazy copypasta that no one is going to read

[Anonymous No.14510264]

Excuse me, but I happen to be a financial analyst at a top 4 valley company, and you literally couldn't be more wrong.

Unlike you, I actually did some number crunching, and every single model shows that Chainlink is destined for greatness. Every single last one of them.

Doesn't matter which one, ARIMA, LSTM, GRU, you name it, every single model shows a massive upside. And you see nothing but hype? Toplel, get your facts straight buddy.

Take it from me, an actual professional in the field of data analysis, this thing is about to blow skyhigh. You'd be literaly stupid if you took a bunch of random noise that literally every single piece of commodity suffers from, and mistook it for a signal. Classic mistake, which makes you thick as a brick.

Chainlink will go buckwild in the next few years, maybe even the next few months, but hey, the choice is all yours. Ignore my advice, or better yet, save this post and laugh at me for the first few months of downswings. I assure you, you won't be laughing in a few years, when this coin doubles in value, again and again.

Your call. Take it or leave it

[Anonymous No.14510333]

Oh no, two anonymous experts disagree, who do we believe?

[Anonymous No.14510441]

>>14509988
if being laughed at as an employee is your litmus test, you deserve to miss it and be broke. you know who else was laughed at until it wasn't funny anymore? yes, likes of your kind, complacent middler.

[Anonymous No.14510521]

>>14509988
I think you're forgetting that most of the derivatives market is also actually gambling, and it will all run on chainlink within the next 20 years.

[Anonymous No.14510612]

>>14510521
>>14510441
>>14510333
>>14510089
>>14510087
>>14510053
>>14510039
the absolute state of nubiz not recognizing 2 year old copypasta

[Anonymous No.14510627]

>>14510612
This is the scary part. I guess all the pasta serves a purpose - scaring off filthy reddit nulinkers

[Anonymous No.14510688]

>>14510627
strong sell signal, either the market is full of fresh blood or these are biz psychopaths pretending to not have seen this before

[Anonymous No.14510846]

>Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL
That's the whole point, you retard. If you sign a smart contract you can be absolutely 100% sure that it will execute given the stated conditions. You can't say the same about traditional contracts. This is exactly what happened in 2008 with the credit default swaps issued by Lehman Brothers. The bank didn't even have the money to pay the beneficiaries.

[Anonymous No.14510913]

>>14509988
>Another larper trying to fud
ACCUMULATE

[Anonymous No.14510963]

>>14510612
itsjustajsonparser.txt

[Anonymous No.14510988]

fuck you got me >>/biz/thread/10760911

[Anonymous No.14510993]

>>14510612
times are changing marine and its making me fucking depressed. Ill miss all you OG faggots

[Anonymous No.14510997]

>>14510688
IT'S BOTH

[Anonymous No.14511006]

>>14510913
>>14510846
GET OFF MY BOARD REDDIT

[Anonymous No.14511129]

>>14509988

OP, is it too late to jump on that train? Friend of mine bought at 29c, was still holding yesterday at 3,43...
I'm wondering if I should put some gambling money in it now?

[Anonymous No.14511177]

>>14511129

[Anonymous No.14511247]

>>14511177

Ok?

[Anonymous No.14511350]

>>14510612
kek this
not only this pasta, but so much old fud is generating so many (you)'s

[Anonymous No.14511359]

>>14511247
>reddit spacing
>question mark
FUCKING LEAVE GET OUT KILL YOURSELF REEEEEEEEEEEE

[Anonymous No.14511408]

>>14511359

I am 47 years old, and was here before you. I was here before there were oldfags and newfags. I have money to play with, and would be interested in what you think.

[Anonymous No.14511549]

>>14511359

Just another retard. As I thought. Original post is bullshit too. I'm certain.

[Anonymous No.14511910]

>>14511549
>>14511408
No, sage

[Anonymous No.14511933]

>>14511549
>>14511408
Fucking arrogant boomer

[Anonymous No.14512584]

I want to put 500k Euro into something, and sell it a day later with profit. No matter how much profit. Just to have lost my crypto-virginity.

OP the great specialist, I make you my advisor in this. You may call me your grace, and if it turns out you are clueless, I was right.
Quite a payoff too.

[Anonymous No.14512640]

>>14512584
500k? Buy Ark then, pump my bags. You will for sure move the market with holders as deluded as Linkies.