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

/biz/ - Business & Finance


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15964514 No.15964514[DELETED]  [Reply] [Original]

i just listened to an interview with sergey and i feel like everyone on here who's bullish on link must be autistic or something

smart contracts, from what i can tell, seem to be a form of digital escrow that prevent either party from reneging on their contractual responsibility. so here is my question to stinklets: why would ANY insurance company or bank adopt this sort of technology?

do you guys remember the line from "fight club" where he says that if the cost of lawsuits is less than the cost of doing a recall for the auto manufacturer he works for, they don't do one?

insurance companies LOVE reneging on their obligations and dragging out court cases until their customers fold. and customers hardly ever reneg (that would just mean a policy cancellation) so these breaches of contract are always one sided

TL;DR autismo stinklets think that chainlink will be the next big thing because it makes business more honest and efficient but the business world thrives on dishonesty and inefficiency - thats how everyone gets paid

inb4 no serious responses and just lots of "1000eoy" and "just sold 100k" etc

>> No.15964518 [DELETED] 
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15964518

this is now a brapper thread

>> No.15964526

>thot posting
OP is a faggot and should be castrated

>> No.15964534

The premise of this thread is fight club
Kys

>> No.15964542
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>>15964518
how many brapper tokens for a girl like this?

>> No.15964562

>>15964534
>The premise of this thread is fight club
no billy, the premise isnt fight club, i just used it as an example. the point is autistic people dont understand the subtleties of life. you cant seem to fathom why the "best" and most "efficient" ways of doing things arent preferred. you guys are like mr data from star trek. you just dont get it

>> No.15964563
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>>15964542

>> No.15964576
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>>15964563

>> No.15964588
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>>15964576

>> No.15964594
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>>15964588
checked and sniffed. moar of her?

>> No.15964603

Why did the King sign the Magna Carta?

>> No.15964615

>>15964562
No, you just don't get it. Why would a contractee sign with a contractor with no assurances when another contractor offers assurances? And why do I still post here? /biz/ has become incredibly unintelligent. This question would have never been asked or given attention pre 2017. Where did you retards come from?

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>>15964603
ah, so NEETs are going to wage a bloody rebellion and force cigna, AIG and prudential to adopt smart contract technology? i dont think so poindexter. your shitcoins arent going to make you an elite technocrat. you'll always live with mom

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>>15964594

>> No.15964644
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>>15964615
>when another contractor offers assurances?
and who is this other contractor? because (wait for it) YOU HAD TWO FUCKING YEARS and the only people excited about this idea are the dork who invented it and the dorks who think theyre going to get rich off it and quit their macjobs

>> No.15964649

>>15964640
I see nipple!

>> No.15964655

>>15964649
but how many ripple for that nipple?

>> No.15964656

>>15964649
shh dont tell mods

>> No.15964675
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>>15964514
>everyone bullish on link must be autistic
>remember that line from fight club?

also smart contracts will replace most policy writers with automated processes for smaller policies such as health, life, dental, auto, and mortgage insurance. any insurance provider that wants to save money on employee's and advertise they have a better product than their competitors will obviously be involved

>> No.15964676

>>15964644
I guess Bitcoin should have packed it in by 2011 after it still hadn't accomplished its goal of becoming a useable internet currency after 2 years.

>> No.15964681
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fuck it im just gonna hijack my own thread with brappz until someone says something meaningful (spoiler alert: you wont)

>> No.15964693

>>15964675
This guy has never run or been a part of a successful business. I just spent 4 hours in a boardroom discussing cutting edge technologies to distinguish us from our competitors. Good profitable companies are trying to establish longterm monopolies by offering a product so distinguished and far beyond their competitors.

>> No.15964695

>>15964514
point one:
and when customers all switch to companies using smart contracts and all the dinosaur companies operating under the archaic paradigm of "thriving on dishonesty" that you mentioned go out of business, how mad are you going to be that you didn't at least hold a stack?
point two:
if link is so stupid to you, why do you bother giving people tips like these? why do you go out of your way to make threads and post fud when you could keep this info to yourself and watch us all suffer?
the answer is because you're envious and miserable because you didn't buy
and misery loves company

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>>15964675
>any insurance provider that wants to save money on employee's and advertise they have a better product than their competitors will obviously be involved
oh obviously! any minute now
>>15964676
>I guess Bitcoin should have packed it in by 2011 after it still hadn't accomplished its goal of becoming a useable internet currency after 2 years.
cryptos are dead and all the other boards are laughing at /biz/ but you fags will never admit defeat. you're like a cult

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>>15964681
thats the spirit

>> No.15964713

>>15964514
Imagine not perusing the archives for answers to these pseudo intellectual business 202 questions. Miss me with your fight club tier understanding of, well, anything.

All this shit has been autistically debated to death years ago.

T block 478

>> No.15964721

>>15964695
>Neighborhood gets smacked by hail
>You have to wait forever for your payout cause you have BoomerMutual
>Your neighbor's got the new BlockSure
>Got paid during the storm cause of sensors on the house and Doppler radar api.
>You switch, so does everyone in the neighborhood
>BoomerMutual either goes out of business or adopts the same model as BlockSure
Your peace of mind by ChainLink©

>> No.15964766
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>>15964695
>and when customers all switch to companies using smart contracts and all the dinosaur companies operating under the archaic paradigm of "thriving on dishonesty" that you mentioned go out of business, how mad are you going to be that you didn't at least hold a stack?
guess you've never heard of barriers to entry. insurance industry is one of the most powerful lobbies in DC and they arent going to give up their market share without a fight. they will crush this just like j.p. morgan crushed nikola tesla's free energy research

all you STEMlord spergbots understand is tech. you have no grasp of human nature. also, i'm not priced out of your little shitcoin at $2.30. i could buy a "make it" stack of 10k link right now if i wanted but i wont because im not an autistic NEET retard

>>15964713
imagine adding nothing but shade to the discussion. "this has been discussed already waaaaaah" fuck you pussy. we're discussing it again. also check out this braphog

>> No.15964813
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Always post the classics!

>> No.15964822
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>>15964813

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>> No.15964842

>>15964832
fuckin saved

>> No.15964849

>>15964822
i'm not feeling this one. her ass looks weird and mishapen. she needs some fast food to swole up those cheeks

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>>15964849

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>>15964849
This is a classic, but it was really badly out of focus. Did my best to clean it up.

>> No.15964879
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>> No.15964880

BRAP BRAP BRAP BRAP!

>> No.15964884
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>>15964880

>> No.15964896
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>>15964869
every true assman has her on his HD

>> No.15964915

>>15964860
i would fuck this girl so hard she would hate me and be my gf just to get close enough to murder me in my sleep

>> No.15964931

>>15964588
fat

>> No.15964978

please stop posting these thots

it only makes me feel worse as I know ill never come near anything like that.

i come here to escape that reality and i don't need to be reminded of it while im here. so please fuck off.

>> No.15965022

>>15964766
>nikola tesla's free energy research
lmao

>> No.15965034

>>15964518
Name?

>> No.15965050

>>15964766
>i could buy a "make it" stack of 10k @ $2.30 right now (it's actually $2.37)
post a bank statement with timestamp or total larp

>> No.15965055

>>15965034
learn how to image search newfag

>> No.15965062

>>15964655
triple ripple for that nipple slipple

>> No.15965068

>>15964588
vile

>> No.15965074
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>>15964514
Because smart contracts will result in ASTRONOMICAL cost cutting, generating massive profits for the first company who leaps onto the tech first. From there all it takes is this one company doing well, forcing everyone else to adopt smart contracts or be left in the dust. After that, it's all network effects.

>> No.15965087

>>15965050
>thinking this utter brainlet has somehow accrued $23k
Wouldn’t wait too long anon

>> No.15965091

>>15964588
What nintendo game?

>> No.15965114

Read the derivatives blogpost. Read about how Chainlink solves information asymmetries. Consider that there are very, very powerful groups that benefit from these asymmetries (ie cartels formed between top banks and CCPs).
And now consider that even these, the biggest sharks in the ocean, will HAVE TO adopt smart contracts because of the extent of the efficiency increases it provides.

>> No.15965120

1k EOY

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Quality thread, post more.

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>> No.15965355

>>15965287
Ive seen this ass before. Who is she?

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>> No.15965375

>>15964704
This has to be the hottest Jew I have ever seen

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>> No.15965392

>>15964514
>we can't have this technology guys!
>if you implement it the chosen won't be able to rape you for money and then backstab you when they have to put up their end of the deal!

the horror

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>>15965359

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>>15965313
Me on the left

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>>15965386

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>> No.15965465

>>15965355
Sara Miao I believe

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>> No.15965496

so this is the absolute state of /biz/

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>> No.15965503

>>15964518
Sniff

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>> No.15965511

>>15965263
Cheap ass fucking barbecue

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