i finally understand chainIink

[Anonymous No.14972502]

the thing i dont understand is the whole crypto space isnt going crazy over chainlink. i guess it was the same thing with Eth and even Btc to a point, you can read about it but if you dont understand it its just going to ride right by you. thanks marines im getting chainlink now.

[Anonymous No.14972527]

blockchain is a retarded slow tech
Nobody cares

[Anonymous No.14972615]

No one is aware of LINK yet.

They don’t know it’s bigger than BTC and ETH, mostly for the same reason I believed there was no way and laughed. Crazy how we lock ourselves into belief systems

[Anonymous No.14972645]

>>14972502
Give thanks to God. Now go all-in and lock in those Linkies and lifetime of passive income.

[Anonymous No.14972690]

>>14972502
How much link to make it?
When will it truly moon?
Still feels like a scam

[Anonymous No.14972709]

>>14972690
It's going to $1000 minimum. You be the judge of how many is "making it."

[Anonymous No.14972740]

>>14972709
>tfw only enough for a couple million

[Anonymous No.14972757]

>>14972709
1k is fud tho , literally the sky is limit if it works

[Anonymous No.14972860]

>>14972757
and that's because people will pay thousands of $ to sign a single smart contract? kek, stay poor, tools!

[Anonymous No.14972994]

>>14972502
wow i feel lucky, i literally was in aw at the innovation chainlink was bringing back in december 2017i knew how big it was and i fucking fomoed back tgen, i truly believed we would reach 1000$ eoy 2018 guess ill just have to wait more :) but its kinda weird seeing people realizing what link is almost 2 years after you. i cant believe time has passed this fast...

[Anonymous No.14973336]

>>14972860
When the smart contracts industry takes off, there will be billions of smart contracts. There is only 1 billion LINK. Most LINK will be staked. The LINK that is available will be divided amongst the smart contracts. Many people will buy and hold LINK for speculative purposes because of its worldwide adoption by the banks and corporations. Yes, this shit is going to $1000 and possibly higher.

[Anonymous No.14973402]

how much link is needed for signing contract? is price flat or dynamic?

[Anonymous No.14973517]

>>14973402
Dynamic

[Anonymous No.14973537]

>>14972527
This. Blockchain tech is largely overrated by tech illiterate retards who just want to get rich. It's slow, unreliable, and doesn't have as much potential as these moonbros seem to think.

[Anonymous No.14973611]

>>14973537
>unreliable
how so

[Anonymous No.14973640]

>>14973402
Contracts cost 1.6 LINK, multisig contracts cost 2.1 LINK, and standard API calls are .7 LINK. Try reading the whitepaper before asking dumb questions next time.

[Anonymous No.14973657]

>>14973537
> multibillion dollar organization facebook pivots completely, fights against the us gov to launch own crypto blockchain
> multibillion
> you
> anon
> knows better

okay

[Anonymous No.14973861]

>>14973537
This. But if the moonbros weren't here I wouldn't have money in it.

[Anonymous No.14973884]

>>14973611
Fee instability - Data support (block size changes, op code changes) - Literal outages, rollbacks, attacks

You literally can't run a business on that shit other then serving tards that WANT to use it.

[Anonymous No.14973953]

>>14972502
What is it that you finally understood? What brought upon the understanding?

[Anonymous No.14974003]

>>14973953
the word marketplace triggered my understanding. it was hard to picture what chainlink does in my head but as soon as i thought of it as a literal marketplace for smart contracts. if your smart contract needs data from outside the chain then you go to the chainlink marketplace for the oracle you need to trigger your contract.

[Anonymous No.14974013]

>>14973537
This. 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.14974064]

>>14974013
This.

Not gonna lie, former Chainlink node operator here. This is fucking hilarious watching Sergey crash and burn. But in all seriousness we can't let this guy get the big mac

[Anonymous No.14974083]

>>14974064

[Anonymous No.14974101]

>>14974083
How new are you?

[Anonymous No.14974110]

>>14972645
Don't give thanks to some fucking kike. i can tell you he sure as fuck didn't give anything to anyone on this board.

[Anonymous No.14974114]

>>14972860
there are 18 decimals to a token retard

[Anonymous No.14974117]

>>14972860
what are decimals

[Anonymous No.14974125]

>>14972860
Bait or retarded?

[Anonymous No.14974221]

>>14973640
so you telling me link never will cost 1000$?

[Anonymous No.14974262]

>>14974221
That or network use will be extremely limited. You tell me the conclusion. Everyone told sergey that he needed to change it but he was too stubborn to admit his system was wrong. That’s what led to all the drama and Jason Parser eventually leaving. That’s when I sold my stack.

[Anonymous No.14974294]

>>14973336
>>14974125
It's still true. Smart-contracts is only a financial tool and should be as friction-less as possible, which also means small-cost. Do you think cup of coffee is a meme?
Also, they clearly stated that they will just print more link if it's needed. Nobody wants a slow network

[Anonymous No.14974314]

>>14974083
Newfag

[Anonymous No.14974316]

>>14974294
tell me how much is 0.000001 link worth if the price is 100k

[Anonymous No.14974320]

>>14974262
what an idiotic idea of making price constant.

[Anonymous No.14974342]

>>14974221
>>14974320
holy shit DYOR if you arent oldlinker ironically trolling

[Anonymous No.14974350]

>>14974294
Keep FUDding LINK. I need the price to stay low for as long as possible.

[Anonymous No.14974355]

>>14974320
I’m phoneposting so I don’t have any reaction images but holy fuck I can’t believe you fell for that shit lmfao

[Anonymous No.14974364]

>>14974262
>>14974294
wow, finally some sane statements on this fucking cult-board. Also keep in mind that the tech can be copied and competitors will emerge as soon as things pick up pace; in the end it's a race to the bottom by design ...

>>14974114
>>14974117
>>14974125
joke's on you fools.

[Anonymous No.14974428]

>>14973537
Yeah. I see a few real world applications for companies who manipulate extremely large data sets and need to write in a final layer of error check integrity, but that would be done internally without the need for a bunch of punlic infrastructure. The idea that all these companies are going to put their own and their customers sensitive data on public chains is pretty crazy.

[Anonymous No.14974438]

>>14974428
>he doesnt know

What you have thought of sergey already did 10 years ago

[Anonymous No.14974455]

>>14972502

> why isn't the market going crazy over an ETH token that after 2 years, only has a demo of fetching the ETH price


really makes you think doesn't it

[Anonymous No.14974472]

>>14974428
>he doesn’t know about Ekiden or any of Ari Juels patents (owner of TC and LINK Advisor)

[Anonymous No.14974476]

>>14974438
Nobody is going to pay to use a network whose cost is not predictably fixed due to an uneccesary and uncorrelated market driving the cost of use when they can have an intern write up their own internal block checking system with a fixed and predictable cost tied only to the cost of electricity...

[Anonymous No.14974526]

>>14972615
>They don’t know it’s bigger than BTC and ETH
Very true. Lots of anons will be in a very dark place if they missed BTC and missed ETH and bought some shitcoins instead of LINK and then go to watch Link pass them both. I am still human I think because I feel some sort of sorrow for those who do not grasp what this is.

[Anonymous No.14975408]

>>14974476
just fucking lmfao

[Anonymous No.14976258]

>>14974428
Pic related

[Anonymous No.14976714]

>>14974428
>The idea that all these companies are going to put their own and their customers sensitive data on public chains is pretty crazy.

You're thinking of all the right vulnerabilities. Luckily, Chainlink acquired Towncrier specifically to address this issue.

[Anonymous No.14976910]

>>14974013
Damn I barely see this anymore, where has the time gone?

[Anonymous No.14976933]

>>14974476
>"Who the fuck would buy this bottled water shit? Like, it literally just comes out of a faucet in your own house!"
t. brainlet that didn't invest in Evian

[Anonymous No.14976951]

Imagine thinking that connecting shitcoins to real world data even makes sense.

[Anonymous No.14976978]

>>14976933
Checked. Lots of low effort fud recently. 1k EOY is fud.

[Anonymous No.14977085]

>>14974110
When someone says "thanks be to God" on /biz - they are referencing Sergey of Nazarov. Not a kike, anon.

[Anonymous No.14977622]

>>14973640
What the fuck, this kneecaps the token price unless people are willing to shell out hundreds for trust.

[Anonymous No.14977754]

>>14972502
>tfw knowing the feel
120 IQ brainlet here. Took me nearly 2 years from when I first came across LINK, half a year half assed research and 1,5 year mediocre research to understand it. But once you get it, you just get it.