Early stage investing: Chainlink value add and value capture

[Anonymous No.15110762]

A common notion in investing is that of value investing versus speculation. This is used as a basis for discussing supposedly differing strategies of asset allocation for different types of investors.

As with many man-made differentiation, this is just an easy way for the human mind to falsely dichotomous a continuous spectrum to make it easier to understand. In truth all investments have a risk of failure and a large potential upside, so-called value investments are just those with a larger distribution of likely events around the less extreme outcomes.

Chainlink is an early stage investment and is useful because of its strong fundamentals to discuss value add and value capture in the early stage space. This can be extended to investments in general with the appropriate caveats that certain aspects of value add and value capture apply more or less to early versus established investments...

[Anonymous No.15110790]

>>15110762
dude shut up jesus christ man

[Anonymous No.15110808]

>>15110762
DR:NS

[Anonymous No.15110814]

>>15110790
this. OP is the biggest faggot on biz

[Anonymous No.15110866]

>>15110762
When looking at a traditional investment the value add is simple to see and the likelihood of novel, unforseen value add is low but is not zero. Coke is likely to continue producing coke and expanding its consumer beverage portfolio, but is unlikely (but possibly could) invent a novel class of consumer good that it could then monopolize. Value capture in Coke's case is also easy to see as a percentage of overall market share for consumer beverages, which may grow or shrink any given year depending on overall economic forces giving people disposable income.

Value add and value capture are dependent on two differing proposals: how much marginal utility the end consumer gets from the item and how much of that marginal utility it transferred to the producer.

In healthcare there are markedly different value capture models for US versus EU medical devices and drugs despite essentially identical patient level value adds. Since EU countries are able to set drug and device prices as monopolistic buyers, they have no reason to allow drug and device manufacturers any real value capture. Since the US healthcare system is "paying" for all of the medical device/drug development, there is no downside to this approach, so long as the US exists. For this reason novel drugs and devices often don't seek IP protection in EU nations as it does not add value for the producer.

Chainlink enabling real world utility in smart contracts has a strong case for both types of value add and a very strong case for value capture...

[Anonymous No.15110902]

>>15110762
>>15110866
We know. Fuck off. This is newfag cringe

[Anonymous No.15110943]

>>15110866
In early stage projects valuation is made not only on what portion of an existing market might the investment capture, but also on what novel markets might the investment generate (and proportionally capture). Chainlink has the immediate value of automating back end B2B and B2I systems. This requires two networks working in conjunction: an execution layer like ETH or a competitor where the key utility metric is that of an adequate number of participants so that 100% uptime and a 100% tamper-proof state can exist and an oracle layer with a working monetization scheme that incentivizes real world access to relevant inputs and outputs.

The combination of these two layers results in an endpoint that adds that amount of value. The question then is what amount of that existing value is captured by each layer and what additional currently non-existent value will be created by the existence of the two layers in combination?

[Anonymous No.15111039]

>>15110943
In determining proportional value capture, the question is one of replicability. Returning to the Coke example, Coke maintains high proportional value capture because of the portions of its product which cannot be easily replicated, namely its brand name recognition and its bottling apparatus. This becomes even more powerful when the product's sources are limited as in the case of the diamond cartel.

A cryptographically secure distributed network is no longer novel and the execution layer will become an increasingly crowded space. In these instances there generally exists a price to quality spectrum in which there is a small variety of options but relatively low margins.

Contrast that with the oracle layer. Once the most important real world inputs and outputs are incorporated into a layer, that layer is the most appealing to add any new needed real world input an outputs. There are a limited number of these real world inputs and outputs which are valuable in that they are scarce. An API providing the price of a publicly traded asset will likely have low value, one allowing for bank API access or access to protected shipping information will have high value.

The oracle layer is then a de-facto monopoly. Moreover, of the two necessary layers it is proportionally less replicable, making it the major candidate for value capture in the space...

[Anonymous No.15111124]

>>15111039
The most interesting portion of early stage investing is in attempting to value long-term new markets enabled by a technology. At the advent of the internet, the value add was in marginal improvement to existing data transfer like mail to email, live stock prices and live news. The notion of social media or streaming on demand video did not become a profit center until the technology had become well known in its base use cases.

Chainlink's base use cases are insurance and derivatives (essentially smart contracts triggered by easily identifiable, objective triggers). Chainlink's main value case, however, will be not in the technology you will see it replace in the coming years, but in the novel markets it enables and proportionally captures. The crux of this is that nobody here will be able to identify these until the technology is well established in its initial use case.

Fortunately, there is a solution to addressing these situations in the setting of largely incomplete information: estimating proportional scarcity.

It's safe financially to buy a coastal house because there is a low likelihood that more coast will be created in the future. Similarly no matter how good smart contracts become, people will stop eating food. For the last hundred years or so the majority of marginal value add has been in optimizing middleman services (eg banking, tech). Widespread availability of smart contracts at a low cost changes this equation. Instead of Amazon's middleman services being rare, they will be easily replicable. This is important to understand over the coming decades because you will need to de-risk if Chainlink does end up doing what it intends to do...

[Anonymous No.15111167]

>>15111124
In summary:
- Chainlink is the network best poised to be the majority value capture layer for smart contracts because it is the only portion of the smart contract stack that is, by necessity, scarce
- Chainlink's value will increase as it proportionally captures value for existing markets and enables and captures value of new ones
- Because of this, selling too early is a significant risk; setting time or price dependent endpoints to sell portions of your stack will help mitigate this
- When it is time to take profits and invest those in safer investments which generate passive income off which to live, you will be doing so in light of the pendulum swinging away from middleman value and towards producer value

[Anonymous No.15111314]

>>15110762
>>15110866
>>15110943
>>15111039
>>15111124
>>15111167

[Anonymous No.15111385]

>>15110790
No
>>15110808
Having read would have showed you how to decide when to sell
>>15110814
Only because I fucked your whore mothers gaping whore asshole so many times turned me gay

[Anonymous No.15111397]

>>15110902
Unless you bought the ICO, you're the newfag
>>15111314
Thanks anon

[Anonymous No.15111399]

>>15111124
>Widespread availability of smart contracts at a low cost changes this equation. Instead of Amazon's middleman services being rare, they will be easily replicable. This is important to understand over the coming decades because you will need to de-risk if Chainlink does end up doing what it intends to do...

what? how is that negative for cl?

[Anonymous No.15111405]

>>15111167


Awesome breakdown fren. Based.

[Anonymous No.15111424]

>>15111399
>brainlet

op means de-risk of services that will get fucked because cl?

[Anonymous No.15111425]

I just need it to hit $250 next year so I can retire before I hit 30 and go bald

[Anonymous No.15111503]

>>15111399
It is not negative for Chainlink but it may be negative for your portfolio if you de-risk into banking or internet sector stocks
>>15111405
No problem, happy you enjoyed it
>>15111424
I mean that if Chainlink actually achieves its goal it will be very valuable. If that happens most people reading this thread will have the vast majority of their net worth in Chainlink. If you have a situation like that anyone but a complete fool will sell some portion of Chainlink to put into less risky investments. I'm saying when you do this, don't buy the very assets that Chainlink will likely undermine.

[Anonymous No.15111518]

>>15111425
If we're actually being realistic there is a significant, nonzero chance of Chainlink hitting $250 this year, but this chance is far below 50%. Better to work on building a good life to retire to now and being patient for a few years.

[Anonymous No.15111521]

>>15110762
>>>/biz/thread/S14646718
Welcome back anon

[Anonymous No.15111527]

>>15111518
So more time to accumulate

[Anonymous No.15111541]

Been obsessed with CL and its implications for almost a year. Still learned a lot today.
Thank you!

[Anonymous No.15111551]

>>15111518
the chances of LINK reaching over $10 this year are exactly zero. that will never happen until staking is released, which is over a year away with 0% progress on pivotal tracker

[Anonymous No.15111595]

>>15111521
That's impressive
Glad to be here
>>15111527
Predicting an emerging market driven by inexperienced investors is nearly impossible, but I think people are thinking about Chainlink's future like people think about EOS or Nano. They should be thinking about a course like Bitcoin, for at least the next 20 years. I'd be willing to bet the percentage increase in Chainlink's value will be about the same every 4 years for the next two decades, barring outright failure

[Anonymous No.15111605]

>>15110866
COMPLETE NUFAG

[Anonymous No.15111636]

>>15111595
Eric Holder had Paul Walker assassinated to cover up his gun smuggling operation known as Fast and Furious

[Anonymous No.15111652]

>>15110762
I'm an early stage investor

[Anonymous No.15111702]

>>15111541
Happy I was able to help
>>15111551
The chance of staking being done and in the wild this year are low but nonzero. The chance of Chainlink being $10 without this is still high. The chance of Chainlink being above $10 when staking is live is very high.
>>15111605
What block?
>>15111636
Thank you for taking the time to participate
>>15111652
Good on you

[Anonymous No.15111770]

>>15111167
>When it is time to take profits and invest those in safer investments which generate passive income off which to live, you will be doing so in light of the pendulum swinging away from middleman value and towards producer value

What exactly do you mean by this? Sorry I just got into this stuff this month.

[Anonymous No.15111771]

ETH rise squeezed to a 6 month period would take us to about $80 this year.

Are you targeting that?

[Anonymous No.15111829]

>>15111702
Where do you see link in a year?

[Anonymous No.15111842]

>>15111770

If your are to sell link, dont invest in something that will get btfo by chainlink/smartcontracts

[Anonymous No.15111853]

>>15111829
in my ass

[Anonymous No.15111856]

>>15111853
Damn, you know your shit.
I appreciate the research you've put into this

[Anonymous No.15111859]

>>15111702
467

[Anonymous No.15111990]

Gotta admit almost tldr'd after skimming the first post but I'm glad I stuck around.
I can't think of anything else that cant be replicated in crypto besides btc (longest chain) and chainlink (first mover, network effect).

[Anonymous No.15112000]

>>15111124
>nstead of Amazon's middleman services being rare, they will be easily replicable. This is important to understand over the coming decades because you will need to de-risk if Chainlink does end up doing what it intends to do...

qualtity thread, can you expand on this part please?

[Anonymous No.15112049]

>>15111770
It means that if you are rich because of a smart contract investment, it means smart contracts work. Don't sell your investment to buy stuff it will kill (unless intentionally as a hedge). When you sell Chainlink buy stocks or ownership in tangible real world goods and producers.
>>15111771
Again, market speculation in this market is foolish. I do believe that Chainlink will have more value than ETH once smart contracts mature.
>>15111829
Depends on the major drivers of price: significant network utilization and implementation of staking
With both, very high
With one up from here by an order of magnitude
With none red flags
>>15111842
This
>>15111853
Thanks for this
>>15111856
No 100k?
>>15111859
Good on you

[Anonymous No.15112096]

>>15111990
The more you think about the value proposition the more compelling it gets, so long as
1. No major legal issues with the smart contract use case specifically (this appears unlikely given the players and early buy in from law consortia)
2. The most critical initial data and API providers don't get somehow poached

There is a very real chance a large number of people here make it big if they have the discipline to stage their sells. The greatest irony is that the same reason they got rich (making the right decision without exactly knowing why) will be how they enjoy making it. In other words most here will do well by becoming rich, but not for the reasons they think they will.

[Anonymous No.15112122]

>>15112000
Amazon currently offers easy shopping and rapid delivery for higher prices and submitting to their data use agreements.
A competitor could make an Amazon competitor without storage costs through shipping, inventory, ordering and payments APIs that essentially made every producer a warehouse for that seller or for cases in which that isn't practical, made warehousing just another integrated part of the smart contract

[Anonymous No.15112161]

Why not cash out into diverse income-generating ETFs? They'll naturally adjust themselves as the market shifts.

[Anonymous No.15112194]

>>15112096
Waiting is challenging because of the proportion of my net worth i have invested. I'm basically all in. It looks good, but there is still no absolute certainty

[Anonymous No.15112195]

>>15112122
Like drop shipping but handled through smartcontracts?

[Anonymous No.15112202]

>>15112161
This is a reasonable but not optimal option. At current many of the most valuable publicly held companies are at risk to losing marketshare to smart contracts, if they succeed.

Indexing those companies not at risk may be wiser...

[Anonymous No.15112224]

>>15112161
This seems reasonable to me for a portion of what I cash out, I'll evaluate further when the time comes. I have my eye on other things like real-estate too. Some in precious metals, maybe fund a business.

I may also continue to look for tech start up gems too as an accredited investor. The mind boggles at the possibilities

[Anonymous No.15112238]

>>15112194
If you have human beings that depend on you like kids you should deleverage
If you're a single young guy start working on your social skills, it will help pass the time
>>15112195
Like producer to consumer value exchange with the type of fulfillment (JIT production, dropshipping, local warehousing etc.) dynamic and automated as part of the underlying smart contract

[Anonymous No.15112239]

>>15112202
>Indexing those companies not at risk may be wiser
That's an interesting idea

[Anonymous No.15112257]

>>15112238
No kids, i am in it until i make it or bust. I've done my homework and I think chainlink is probably the best place in the world to have my money parked right now

[Anonymous No.15112303]

>>15112224
Life really is great on the other side
Wealth has the potential to really mess things up, but ironically the patience required to become wealthy generally excludes those who would ruin themselves. Life gets better in so many ways you didn't think of.

[Anonymous No.15112314]

>>15112239
If you see this become commercially available in the next five years, it was me
>>15112257
Fair enough, good luck to us all

[Anonymous No.15112333]

>>15112238
Sounds like you could create a system of decentralized factories operating out of peoples' homes

[Anonymous No.15112356]

>>15112333
Ironically the actual manufacturing of goods would be one of the parts of the value chain least likely to change significantly. Efficiencies of scale prevent small batch production for most consumer things, even if there was a will otherwise.

Services on the other hand...

[Anonymous No.15112595]

$1000 eoy!

[Anonymous No.15112598]

I am not so sure that chainlink will be the way banks interface with blockchains. Why can't banks interface directly with blockchains? why go through chainlinks network? Is it because it has to be tamperproof to transfer money to different bank accounts through TEE? Everything can eventually happen on the blockchain. At that point, there will be no reason to use something like chainlink. Chainlink will only ever be relevant during a transition period. Blockchain lack is privacy. That is the major thing that is holding it back. Privacy prevents most businesses to operate on blockchains because when their information becomes public it loses its value. Long term I would rather put my money in a privacy blockchain than something like chainlink is really just only another middleman and middlemen represents a cost.

[Anonymous No.15112619]

>>15112598
...Anonymous (ID: 76FqLDIZ)
08/04/19(Sun)18:06:24 No.15112598
>I am not so sure that chainlink will be the way banks interface with blockchains. Why can't banks interface directly with blockchains?
lmfao bro do you know the whole point of chainlink is what you said above. banks love chainlink because they can still use their old gay legacy systems but yet interact with the modern world thru the chainlink network, its an adapter they put on their api fucking retard

[Anonymous No.15112643]

Read the first few lines of this rambling undergraduate garbage and decided to save myself any further time.

[Anonymous No.15112672]

>>15111503
>I'm saying when you do this, don't buy the very assets that Chainlink will likely undermine.
Big brain plays. Good job thinking ahead, anon. I spend my moonboi fantasy time trying to do the same.

[Anonymous No.15112686]

>>15110762
>so-called value investments are just those with a larger distribution of likely events around the less extreme outcomes.
Agreed

[Anonymous No.15112689]

>>15111397
I apologise for my outburst. Nice thread.

[Anonymous No.15112690]

>>15112619
banks will do whatever is cheapest for them and gives them a competitive edge. It is always cheaper to not use a middle man. Jp morgan is already implementing their own cryptocurrency, many will follow suit, legacy systems won't last for very long

[Anonymous No.15112699]

>it’s a faggot write a lot of bullshit episode
Thanks for the lesson I guess, Vishnu Buffet.

[Anonymous No.15112706]

>>15112690
which is chainlink LMFAO

[Anonymous No.15112709]

>>15112303
based thread, thanks
t. author of the ‘welcome to the trust market’ pasta (opinion if you have read it?), Lt. General tier holder

[Anonymous No.15112718]

>>15110762
Learn to type in english you absolute pedantic pseud

[Anonymous No.15112726]

>>15110790
>>15110814
Yeah let’s not try to ever have any kind of intelligent or stimulating contributions to any threads. Hurr durr Chainlink $1000 eoy.

[Anonymous No.15112785]

>>15112595
Probably not this year, but eventually
>>15112598
You should look more into the roots of the project
>>15112619
And a method to comply with PSD2
>>15112643
And yet you chose to post
>>15112672
It is important to dream sometimes
>>15112686
Cool
>>15112689
No problem and welcome
>>15112690
You keep digging
>>15112699
Very welcoming sir
>>15112706
At least a very high likelihood
>>15112709
I think I have read it, would you mind posting here?
>>15112718
A fair few grammatical errors I'll agree
>>15112726
Either way its fun
Its just more fun this way

[Anonymous No.15112906]

>>15112785
what is it that you can do with chainlink that you can't do with blockchain alone? the answer is nothing. is its privacy? off-chain computation? in that case, then chainlink have many competitors, so why chainlink?
there is no oracle problem if everything is connected to the blockchain (which it will be)
think about yourself, if every device reports to the blockchain you can compute the aggregated result on the blockchain and it will be much safer and cheaper than going through a third-party (chainlink). it is easy, I could write a smart contract like that myself, take the mean of x number of other smart contracts and use that to trigger my other contract, it is not hard

[Anonymous No.15112916]

LINK $1000 eoy

[Anonymous No.15112922]

Thanks fren just bought another $1k worth of LINK

[Anonymous No.15112924]

>>15112356
Are you forecasting growth in gigs? Mom and pop services, since shops clearly aren't going to be coming back soon.

[Anonymous No.15112927]

>>15112785
i missed the early link train but im split between link/rsr, any opinions on rsr?

[Anonymous No.15112929]

>>15112906
The FUD has gotten way worse in the last few months, I blame Google.

[Anonymous No.15112935]

THANK YOU BASED FLANNEL MAN

[Anonymous No.15112939]

>>15112906
Without Chainlink there is no financial incentive to connect your thing to the blockchain and sell it to others who need that thing.
>>15112916
One day

Off for drinks, have a good night all
t. faggotniggercumdumpsterlarper

[Anonymous No.15112945]

Praise Sergey

[Anonymous No.15112961]

>>15112922
No prob
>>15112924
No, in producers of material goods and services that can't be easily replicated
>>15112927
Can an RSR competitor be made using the Chainlink network?
Can a Chainlink competitor be made using the RSR network?
>>15112929
Stupid people gonna stupid
>>15112935
Definitely not Sergey but he strikes me as a good person

[Anonymous No.15112965]

>>15112939
Enjoy your drinks based faggot larp

[Anonymous No.15112967]

>>15112785
cbf searching warosu, someone posted it to reddit (without formatting...)

https://www.reddit.com/r/LINKTrader/comments/bxtras/welcome_to_the_trust_market/

[Anonymous No.15112982]

>>15112906
Which blockchain? Do data providers need to plug their data into EVERY blockchain? No, because you’re a brainlet. This is why chainlink is the internet of blockchain, so people and companies can use whatever blockchain they want (AND THERES A LOT OF DIFFERENT ONES!) but still ensure data is reliable through chainlink.

Too many nulinkers on biz man.

[Anonymous No.15112984]

~ LINK WHALE HERE. WE GONNA MAKE IT ~

[Anonymous No.15112985]

>>15112785

it all sounds like a lot of gibberish to me. Cool fancy words that make you look smart and know it all, but you don't know shit, you are probably just as dumb and ignorant as I am. The truth is, the only practical thing that has been done with chainlink up until now is to integrate weather forecasts into cryptokitties. its crap, it stinks, and its worth my ass.
Still bought in though, but I will sell as soon as the fucking normie shitstorm will come back after the halvening. And they will come back, o yes, greed never loses.

[Anonymous No.15112986]

>>15112939
there is you stupid fuck, put your data in a secret contract and sell it to others, chainlink does not even have secret contracts lol, so if you use chainlink you are screwed, because chainlink will publish your data straight away on ethereum and everyone else can copy it, great, just fuckign great

[Anonymous No.15112987]

>>15112961
ill put some more thought into this thanks for the response

[Anonymous No.15113003]

>>15112096
What are your sell points and what point is there to sell with staking and an ever increasing price rise of the token as the network increases?

[Anonymous No.15113020]

>>15112982
have you ever heard of interoperability? it won't matter which blockchain you are are using, all the blockchains will communicate with each other seamlessly. chainlink is not the fucking internet, the internet is decentralized, why do you want some shitty centralized service in the middle?

[Anonymous No.15113090]

>>15113020
Kek youre fucking stupid. Plus coming to a chainlink thread talking about secret contracts make me think you’re a salty enigma faggot. Go back to plebbit to circle jerk about “interoperability” and other worthless business buzzwords. Data is the new oil and there’s only one decentralized network that can transport that data SECURELY and TRUSTLESSLY.
>interoperability?
Lol

[Anonymous No.15113202]

>>15112961
to answer your question in your earlier thread. the layers that will increase in value over time are the oracle and possibly arbiter layers. oracles will always be scarce. and you will always need arbiters to double check things. producers and buyers won't change too much. smart contract platforms will eventually plateau.
so to make a shit ton of money, you'd want to target the oracle and arbiter layers. chainlink captures the value of oracles. can't really think of anything that captures the value of arbiters. pretty sure it doesn't even exist yet.

[Anonymous No.15113233]

>>15113090
it is not about transporting the data securely
if you think that you are severely misinformed
it is about being able to sell the data
and to interface with legacy systems
those are the two reasons
1) if you have secret contracts, you can sell the data using those (so chainlink is not needed here)
2) there won't be any legacy systems, so there will be no reason to communicate with them
chainlink is an inferior product and won't last long
but I wish you the best
people will just call it "THE BLOCKCHAIN" just like we say "THE INTERNET" today, interoperability and hashlocking is the future

[Anonymous No.15113259]

>>15113233
>there won't be any legacy systems, so there will be no reason to communicate with them

[Anonymous No.15113278]

>>15113259
yes, everything will be on the blockchain,
meaning everything will have a private key
every device will have a private key
every human will have a private key
every organization will have a private key
every piece of data will be associated with a private key
anything that has a private key is able to communicate with the blockchain itself, it does not need chainlink to hold its hand

[Anonymous No.15113338]

>>15113233
It absolutely is. That’s what allows smartcontracts to self execute based on future events.

[Anonymous No.15113373]

>>15113338
let's say we have the AXA airplane use case
let's say that the airplane has a private key
the airplane writes the time to the blockchain when it lands and lifts
if it lands too late, you get an automated insurance payout

WHERE IN THIS FUCKING PROCESS DO I NEED MOTHER FUCKING KEKLINK?

[Anonymous No.15113374]

>>15113278
What’s the incentive to just put everything on the blockchain? Chainlink enables data providers to monetize the demand for their data. Or do you think we will just live in a communist utopia where making money doesn’t matter to anyone anymore? Because that’s cute

[Anonymous No.15113389]

>>15113373
Right there in the middle

[Anonymous No.15113403]

>>15113373
>the airplane writes the time to the blockchain when it lands and lifts
You don't see the vulnerability here that negates the whole purpose of a trustless system at all?

[Anonymous No.15113421]

>>15113389
This

>>15113373
You don’t seem to get it that chainlink is how you write a real world event onto a blockchain. The blockchain doesn’t just reach out directly to the airplane/airline. If it did, there would be serious problems with the blockchain achieving consensus

[Anonymous No.15113422]

>>15113233
And chainlink isn’t just a new technology, it’s a way to base computer systems on human trust so that it can’t be corrupted. It’s a huge shift in reliability, security, and trust. It’s effect should be seen across society and become a new standard for 40-50 years at least just like some of the boomer era shit lasted that long. It will be a new level of /comfy/ for people to operate on.

[Anonymous No.15113465]

>>15111385
>Only because I fucked your whore mothers gaping whore asshole so many times turned me gay
great input, thanks for sharing. everyone take notes this guy is legit

[Anonymous No.15113481]

I'm so fucking bored waiting for this inevitable moon.
Look at picrelated
TOP 10 VOLUME WITH A GOOGLE PARTNERSHIP AND A PROBABLE FACEBOOK PARTNERSHIP
Fucking all discussions are redundant
Unironically miss the days when we didn't have any tangible info
Can I be a millionaire already? Why the fuck are people so slow to buy this up?

[Anonymous No.15113484]

>>15113465
did he do it to your mother too

[Anonymous No.15113498]

>>15113374
> Chainlink enables data providers to monetize the demand for their data.
you can use secrect contracts for this, much better because you get so much more, the contracts have logic you know
> What’s the incentive to just put everything on the blockchain?
If most things happen on the blockchain, it will be on the blockchain because of necessity, because that is how our society will function. Most data will just be public unless you use something like secret contracts.

[Anonymous No.15113508]

>>15113481
Tik fucking tok

[Anonymous No.15113537]

>>15113421
you must be confused, if the airplane has an internet connection it can write to any blockchain using its private key and everyone will know that event originated from that specific plane, what is it that you don't understand?

[Anonymous No.15113582]

>>15113422
you want to know what I would trust more?
I trust digital signatures
If I can recognize your public key
I know that you made the signature
You don't need to use chainlink, you can just post the signature on the blockchain
I trust you, I promise
why would chainlink make me trust you more?
what kind of magic are they capable over at chainlink?
can the oracle asses your mental stability?
to see if you really intended to put your signature?
if that is the case, sure, then I guess chainlink is useful

[Anonymous No.15113586]

>>15110762
>>15110866
>>15110943
>>15111124
>>15111167
>>15111385
>>15111397
>>15111503
>>15111518
>>15111595
>>15111702
>>15112049
>>15112096
>>15112122
>>15112202
>>15112238
>>15112303
>>15112314
>>15112356
>>15112785
>>15112939
>>15112961
didnt read not selling

[Anonymous No.15113596]

>>15113481
You’re partnered with no one. Nobody cares about your ERC TOKEN in 2019. It’s over you stupid gullible wagecuck, all you’ve done is enrich a Russian scammer.

You missed Bitcoin.
You missed Ethereum.
There isn’t a third train.

[Anonymous No.15113615]

>>15113586
>didnt read not selling
Good Goyski. Stay deluded and wagecucking.

[Anonymous No.15113622]

>>15113484
did you came here on summer of 2017 and still holding digibyte newfag?

[Anonymous No.15113637]

>>15113582
>[insert links to articles about the billions of USD stolen from boomer institutions by hackers]
I’ve got time, so please list the ways someone has hacked a blockchain. I’ll wait:

[Anonymous No.15113666]

>>15113637
it is you who do not want to use a blockchain
you want to use chainlink
I want to use blockchains
communicating with blockchains directly is much more secure than using chainlink

[Anonymous No.15113711]

>>15113622
never bought niggerbyte. all in link since ICO and never fucking selling, kike

[Anonymous No.15113727]

>>15113498
>because that is how our society will function
But this is not how society will function.

Society functions at cost and profit. THERE is no incentive for any company to waist millions to tens of millions just to transfer all its data to a blockchain. Its expensive its waist-full. There is no need for that when you have Chainlink communicating with existing legacy systems to the blockchain and back.

[Anonymous No.15113728]

>>15113421

Elaborate, Please. I have iron hands but I never understood this critical part.

[Anonymous No.15113733]

It's never breaking 15 dollars tho, not with map already in billions

[Anonymous No.15113750]

>>15113666
I don’t want to automatically and unrecoverabley lose money because the company’s smart contract data supplier was hacked. When that’s no longer a concern (using chainlink), smart contracts can become commonplace.

[Anonymous No.15113754]

>>15113596
>>15113615
Why are you so upset?

[Anonymous No.15113797]

>>15113421
Please elaborate on this.

[Anonymous No.15113801]

>>15113727
companies will use smart contracts for almost everything they do
so data will inevitably end up on the blockchain
now most of it will end up on the private blockchain (enigma)
do you get it?
companies save a lot of money by automating everything using smart contract + regular automation + AI

[Anonymous No.15113802]

>>15113596
>implying I'm a wagecuck
>implying I missed Ethereum
kys

[Anonymous No.15113803]

>>15113582
Honestly, your going in circles here.

The real question is what customers do projects have. The best tech is useless if no one is using it. SN spent years creating relationships across different industries asking them what would and wouldn't make sense. Chainlink specifications is built for the client and the network effect is already in motion. They have the clientele. They have customers. And they are the standard.

It doesn't matter what you think is technically superior. Take for instance Enigma. ENG could be the best possible solution but they are going the way of Beta while everyone in the industry chooses VHS. Got it?

Chainlink makes everyone many projects obsolete for the simple fact that everyone will be using them. they are the standard.

Its simple logic. Now buy in or stay poor. simple.

[Anonymous No.15113822]

>>15113666
And because of chainlink’s reliability, storing wealth in smart contracts will be better than with (((banks))). They execute automatically (a scary thought. Like skynet)

[Anonymous No.15113838]

>>15113750
everything is a data supplier, your dog is a fucking data supplier, your dog has a private key, do you get it?
your chainlink oracle cannot tell if something is wrong with your dog. you mean that chainlink oracles should keep track of all the dogs in the world and make sure they do not write corrupt data? much cheaper to implement that logic directly into the smart contract

[Anonymous No.15113850]

>>15113801
Topkek. You are an enigma faggot. I’m probably arguing with tor Blair, faggot cheerleader for enigma himself. You will eventually bend the knee and become node operators.

[Anonymous No.15113871]

Why is this faggot such a cuck

[Anonymous No.15113887]

>>15113803
that argument is good and chainlink has gotten a lot of adoption (on the surface at least)
but they don't do secret contracts (that is a crucial difference)
chainlink needs to implement that kind of functionality quickly to be able to catch up
things change fast in crypto

[Anonymous No.15113893]

>>15113887
Way to shit up a decent thread

[Anonymous No.15113915]

>>15113801
>ompanies will use smart contracts for almost everything they do
>so data will inevitably end up on the blockchain

They will be using the blockchain for smart contracts but the data to trigger current events does not precede future data being ON the blockchain.

Thats a gross miscalculation.

[Anonymous No.15113916]

>>15113871
hes got a point bud

[Anonymous No.15113918]

>>15113893
I pointed out the errors in the OPs arguments. you should be thankful

[Anonymous No.15113939]

>>15113803
>VHS/Betamax comparison
Can everyone please stop this? VHS won because it's technically superior for what mattered to people - home recordings.

[Anonymous No.15113955]

>>15113887
>og is a fucking
Things change fast in crypto. true.

This is the main reason why Sergey has built a system that is maleable, updateable and flexible to the changing environment.

[Anonymous No.15113971]

>>15113838
My dog doesn’t supply the data to a smartcontract, so no, not everything is a data supplier. Data creators (my dog) are different than those who move data from point a to point b (data networks ISPs, VPNs, etc). That’s why chainlink is needed as middleware.

[Anonymous No.15113976]

>>15113915
the block generation time will be so low that it does not matter
both the contract execution and writing the data could be included int the same block in most cases, you gain nothing by using chainlink in this regard

[Anonymous No.15113978]

>>15113915
Edit

*They will be using the blockchain for smart contracts but the data to trigger current events does not precede "the necessity of" future data being ON the blockchain.

[Anonymous No.15113995]

>>15113537
>if the airplane has an internet connection it can write to any blockchain
okay now step through this. how does it write it to the blockchain exactly? do you know what "writing" to the blockchain means?

[Anonymous No.15114014]

>>15113971
if your dog has an internet connection what's the problem with writing to a global public blockchain?
to me it seems like the most simple solution with the least amount of middle man to grab profits from my dog

[Anonymous No.15114041]

>>15113976

This is all great speculation. the future is untold but we see it differently.

But, if I were to entertain your future and if, IF, chainlink is vulnerable to a competitor or industries wanting everything on the blockchain making "chainlink useless" this will take a decade if not multi-decades. Chainlink would have gone to 1000 and beyond and then back to 0.

The question everyone needs to answer is if they are willing to WAIT for another project to step in and if that project can be viable after a decade of hibernation.

I personally rather not take that chance. Crypto changes fast. Chainlink today wont be the same Chainlink in 3 years. I believe that the project can evolve to adapt to its business enviroment. Thats what standards do.

[Anonymous No.15114058]

>>15114014
This guy is right. Doesn't anyone remember Sergey saying "signing at the origin is fundamentally more secure". And that data providers will eventually move onchain once they see the value? Even if link does take off, it will not be huge forever. Although, I can see it surviving for a long time, supporting legacy systems as a niche use.

[Anonymous No.15114071]

>>15113995
plane updates smart contract A, it triggers smart contract B, you get paid, easy as that
what are you trying to say?

[Anonymous No.15114076]

>>15114014
How exactly will you grab profits from your dogs data? I mean like how exactly, technically, how,...

[Anonymous No.15114101]

>>15114058
moving on chain won't work with PoW unless sharding is realized, businesses will use higher throughput permissioned chains or traditional databases still to maintain their own records which contain the data needed for smart contract logic to execute on public PoW chains (the most secure), there's not reason API endpoints can't also be signed however, it would just at the the defense in depth approach sergey gets a hardon over

[Anonymous No.15114108]

>>15114014
>>15114058
Because if a centralized data supplier is hacked, millions or billions could be lost automatically. By using a decentralized data supplier like chainlink, you can be guaranteed that a hack of one data supplier won’t compromise the billions you have stashed in smartcontracts. Again, it’s not about the source, it’s getting the data securely from the source to smartcontracts.

[Anonymous No.15114137]

>>15114071
how does the plane update the smart contract? what are the inputs to it? where does the data come from?

[Anonymous No.15114144]

>>15114108
too add to this, even though sometimes data sources are necessarily centralized, what would a human being be more confident in: a single node reporting data about the dog, or 100 nodes reporting the same exact data about the dog?

[Anonymous No.15114270]

>>15114137
I don't know if the purpose is to grab profit from my dog's data, it might not be, there could be many other reasons, but if it is I will put it in a secret contract and if other secrect contracts wants to have sex with my secret contract then they have to pay me, i like to call it a whore contract
>>15114076
just a transaction to acknowledge the plane landed originating from the plane... what is so hard to understand?

[Anonymous No.15114299]

>>15114108
never heard this theory before, so oracles are basically servants to banks, to keep them from touching the blockchain themselves? it sounds pretty far-fetched and stupid to me

[Anonymous No.15114323]

>>15113373
>to verify if it landed from other sources in case for whatever reason it couldn't write to the blockchain but actually landed.
>to initiate the insurance payment through payment apis
>to calculate any price/rate changes assuming payment is held in the contract or related contracts

[Anonymous No.15114373]

>>15114299
It sounds that way because your stupid mischaracterization of it as “servant to banks” is a classic straw man argument fallacy and why I’m pretty sure you’re a faggot, nigger. Probably a nigger faggot desu.

[Anonymous No.15114382]

>>15114137
the plane hosts an chainlink node. the insurance contract uses an oracle contract that has the plane's node address on it.

[Anonymous No.15114383]

>>15114323
>to verify if it landed from other sources in case for whatever reason it couldn't write to the blockchain but actually landed.
could program into smart contract logic
>to initiate the insurance payment through payment apis
will be done exclusively through blockchains pretty soon
>to calculate any price/rate changes assuming payment is held in the contract or related contracts
could also be done on the blockchain, just create some kind of data repository where people write the current USD rate and take the mean of that or something

[Anonymous No.15114450]

>>15114383
Do you have a very deep, technical understanding of all this or more of a broad overview like I do?

[Anonymous No.15114462]

>>15114450
Serious question!

[Anonymous No.15114481]

>>15114270
> just a transaction to acknowledge the plane landed originating from the plane
you're describing a chainlink node

[Anonymous No.15114490]

>>15114383
>>15114450
He doesn’t know what he’s talking about. Buy link or don’t, the kayak isn’t gonna wait for you.

[Anonymous No.15114504]

>>15114450
I think chainlink has a niche, especially right now when we are so early
but I don't agree with OP, I just think OP likes using big words to seem intelligent

[Anonymous No.15114537]

>>15114481
not really, using chainlink would be using a third-party

[Anonymous No.15114542]

>>15114383
>just create some kind of data repository where people write the current USD rate and take the mean of that or something
Holy fuck

[Anonymous No.15114543]

>>15112202
I think it may be worth to invest in supply chain dependent companies, which will receive value from the chainlink network. I think consumer defensive distributors, especially deeply entrenched ones (think MO NBEV, Mcdonald etc) would be a good call. But what else will LINK give value to? I think healthcare is a great option, bigger pharmacuetical companies will both benefit from supply chain and insurance applications of chainlink. Another thing to consider is other crypto's that will build on/piggyback on chainlinks success

[Anonymous No.15114550]

>>15114504
So you don't know what you're talking about? Because it seems to me OP does. And I am eager to learn here.

[Anonymous No.15114552]

So I should buy link? New to this crypto thing.

[Anonymous No.15114556]

>>15112202
Oh, and fucking facebook. Facebook is deep in chainlink right now and will get a lot of value out of their network. Facebook may even develop the blockchain that LINK will ultimately function with.

[Anonymous No.15114563]

>>15114550
Here ya go champ. Thank me later

[Anonymous No.15114574]

>>15114552
Yes! I have a long time ago. But do your own research and draw your own conclusion.

[Anonymous No.15114636]

>>15114550
I don't care. Nobody knows exactly what will happen, not me, not OP, not anyone
I gave you an alternate theory to what OP was talking about
If you like it, go ahead and start believing it, otherwise stay in link don't diversify, your choice man

[Anonymous No.15114672]

>>15113582
Those signatories will invariably will be relying on data from chainlink or some other oracle. There’s no escaping that kind of trust shift once it gets rolling, anywhere

[Anonymous No.15114733]

>>15114636
>oy vey my technical FUD is beat!
>all I was saying was to diversify goy
:|

[Anonymous No.15114763]

>>15114383
lol

[Anonymous No.15114772]

>>15114636
I am not here to believe in theories, I am here to understand technologies in development and their future implications on society, our planet as a whole and my wealth in particular. : ) That's why I was asking if you base your assumptions on actual tech knowledge? I apologize if I offended you!

[Anonymous No.15114785]

>>15114772
You remind me of a good friend of mine that i fucking hate fuck you

[Anonymous No.15114804]

>>15114772
I work with integrating blockchains and banks, and we are not using chainlink :)

[Anonymous No.15114819]

>>15114785
why are you friends with someone you hate?

[Anonymous No.15114836]

>>15114804
Bullllllshiiiittt

[Anonymous No.15114840]

>>15114804
Alright, thank you! Will have to dive deeper into what actually happens "on the blockchain" in technical terms. Challenging stuff... Good Night everyone and thanks OP!

[Anonymous No.15114869]

>>15112096
It is an act of faith. We've seen the breadcrumbs, but that's no guarantee. the next best indicator we have is the character of Serg and the team themselves.

It's faith

[Anonymous No.15114894]

>>15114804
There isn't a necessity to use Chainlink....unless you want your smart contracts to be trust-less of course, which is the paradigm shift we are waiting for.
Right now, business, especially banks, operate inside the trust model, and have no real driver to change that... in steps open banking, psd2 etc
You may not be using it now, but down the track, your integrations will be found to have risk, identified as the points of "trust" in the solution, one of which will be your centralized oracles

[Anonymous No.15115359]

>>15114144
good point

[Anonymous No.15115475]

>>15114804


Your investment scenario has no option for you to "make it"

Your not investing in Chainlink because you believe it to be obsolete when all data is on the blockain. which, if your future comes true (very questionable), will be at 10 years minimum.

but you are investing in other projects like Enigma that doesn't come close to the customer base that Chainlink has? and hoping that Enigma can clean up after 10+ years?

Good luck with any project your leaving your money in believing you have the fortitude not only wait but that project will somehow still exist after even just 3 years of non use.