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/biz/ - Business & Finance

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16681540 No.16681540 [Reply] [Original] [archived.moe]

Imagine the largest financial institutions in the world settling multi billion dollar derivatives smart contracts, and using over 100 oracles to provide their payment triggers in order to ensure accurate data, and requiring a $100k collateral stake to absolutely guarantee accurate data provision, and all the node operators crawling over each other to own more and more LINK so that they can secure the lucrative, high value contracts.
Now imagine that isn't just happening in global derivative contracts through SWIFT but is also happening all across the legal industry through Accord and all over the EVM through ZeppelinOS and all through enterprise onboarding through Kaleido etc etc.
Now imagine Chainlink has a multi-year head start FMA, absolute entrenchment as the industry standard oracle provider across this entire range of industries, the capacity for complex off-chain computation in secure Trusted Execution Environments through Town Crier with Ari Juels, one of the leading minds of smart contracts, contributing on an ongoing basis to its development.
Imagine that LINK tokens, as mechanisms for articulating and moving value within this ecosystem, are the mandated form of value representation and exchange that must be posted as collateral, that must be staked in nodes to secure high value contracts, and that must be issued as payment to node operators for performing this work.
Now imagine that the world currently values this emergent ecosystem at less than $1 billion and consider what kind of upside potential that might have.

>> No.16681556

Imagine the smell of nolinkers salty tears as they witness the singularity

>> No.16681574
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>> No.16681602

This. Only way to ensure secured access is through a valuation/sec so great only large institutionals that can literally print their own money can access it. We are talking literally trillions usd/second to access a quadrillion (maybe quintillion) dollar blockchain that is so fully connected via global ubiquitous pages atomic swaps to all areas as to be considered artificial intelligence.

>> No.16681682
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>Let me penetrate you with my thumb, linkie!
>No, please don't!
*Unbuttons shirt, showing his immense belly*
>Who's your master?
>I... I don't have a master.
>No master!
>Take off your pants!
*Unbuckles belt*
>Let me see that juicy asshole.
>You Muslim son of a bitch! I'm about to teach you what 'chainlink' is fundamentally about.
*Flogs linkie with belt*
>Turn around and bend over, linkie. Take this!
*Shoves thumb up in linkie's rectum*
>Hehehehe... Now watch this.
*Unzips pants, reveals his huge erect cock*
>Nooooooo, please don't rape me, master! I will do whatever you want!
>Ok, linkie. Log in to binance. YES, good boy. Now give me your phone.
*Beep beep click click-BUY. OK*
>Master, you just spent all my money on LINK and somehow I'm so turned on...
>Yes, linkie. You're my slave now and you will give me all you money. Buy more link tokens. All your Bitcoin will be MINE!
>Alright, bend over, little bitch!
*Forcefully shoves his cock up linkie's anus, tearing up his sphincter*
>Take this, my servant! Your anus feels so good!
>Aahhh! Yes! Yes, master! Give it to me!
>I'm cooming...
*Loud grunt*
>Oh! Oh! I'm cooming too, master!
*Unloads an enormous load of warm semen inside linkie's anal cavity*
>Good boy. Thanks for letting me empty my prostate inside your ass. Now get the fuck out of here. Next in line?
>Thank you for your cum, Master! I will always love you!

>> No.16681797

Imagine knowing before 99.99% of the world population that you own equity in the standard bridge between the new world of automation and the current and ongoing centralized world of private ownership.

>> No.16681815
File: 742 KB, 675x720, 39A380DF-F9C7-40CC-A695-2B37A8C38296.png [View same] [iqdb] [saucenao] [google]

>the capacity for complex off-chain computation in secure Trusted Execution Environments through Town Crier with Ari Juels, one of the leading minds of smart contracts, contributing on an ongoing basis to its development.
Das rite

>> No.16681822

Imagine shilling so hard with your fellow Discord trannies that you forget you're doing it on a dead board

>> No.16681830

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.

>> No.16681854

Go to high school

>> No.16681856

imagine shitting on a toilet instead of a street. shoo shoo pajeet

>> No.16681862

It’s a meme you dip

>> No.16681968

holy shit the levels of delusion in this thread are disturbing. Link is a shit scam and pointless you fucking retards there is literally no need for it in any market ever. You got scammed get over it faggots

>> No.16682069


>> No.16682170

There’s a reason no one significant is working with chainlink. They’ve glossed over every significant problem with their solution and it is useless to real businesses. If you own LINK welcome to being a delusional bagholder.

>> No.16682191
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>imagine shitting on a toilet
imagine opening your mouth the way you do

>> No.16682204
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>Link is a shit scam and pointless you fucking retards
your concern for my financial well being is duly noted

>> No.16682485
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Started 2-3 days ago and it’s just the beginning.


>> No.16682765

imagine believing you'll ever have your stupid memes picked up by big banks and economic giants.
If they think the technology has merits they'll steal it and start their own networks you fucking simps.

>> No.16682774


>> No.16682778
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>If they think the technology has merits they'll steal it and start their own networks



>pic related

>> No.16682786

Yes they will use XRP and the Interledger Protocol.

They will settle smart contracts and SMART ORACLES using Codius.


Russian scammers can't compete with the real thing.

>> No.16682796

BEYOND delusional. Mainnnet out for 6 months right? How much VALUE are Link tokens providing? I'll give you a hint
>its zero

>> No.16682829

Xrp will be the standard at .01c

Good luck with ripple dumping on you guys. Western union and now Japanese banks. The most gullible cult.

>> No.16682865
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yes japanese banks and western union are a "cult"

meanwhile chaindick is an actual cult that promisses beautiful things yet delivers absolutely nothing.

Chainlink and ethereum are both scam project that stole from ripple.

>> No.16682951

Chainlink is the most non crypto related project in the entire space. It just so happens the technology was birthed out of this new industry. Take a look at how new APIs are and the future of the API SaaS industry will look like in the next decade. You’ll come to the conclusion that as if through Divine intervention Chainlink has set itself up to be the number one most valued asset of the 2020 decade. It doesn't even need crypto, crypto needs decentralized oracles. It is unreal how big this project is going to be.

>> No.16682990
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I-is that the wagyu?

>> No.16683005

Lol meanwhile Link is securing 250 mil dollars worth of assets. Fucking homo.

>> No.16683033

>empty my prostate

>> No.16683376

what are those senpai?

>> No.16683702

Network usage

>> No.16683757
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Data aggregators

To be able to use smart contracts, you need reliable inputs. The foundations are being laid as we speak. https://bravenewcoin.com/insights/podcasts/smart-contracts-how-sergey-nazarov-and-chainlink-are-solving-the-oracle

>> No.16683772


Imagine being a huge faggot and getting ass raped by SirGay.

>> No.16683873


Why the fuck does each contract have a certain number of link tokens associated with it, ranging from 500 to 3000

>> No.16684085
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>> No.16684099
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>> No.16684129

>Imagine the New World and its Order
We're already in it, this new world order is called 'democracy'. Instead of the old order of kings & queens, were the king has to die to be replaced. The wealthy families can all have a shot. Yey, the new world order

>> No.16684137
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>> No.16684157
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>> No.16684180
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>> No.16684204

Are you really this insecure about your investment that you feel the need to make multiple incoherent link threads per week selling a grandiose dream underpinned by mass delusion?

>> No.16684219
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>> No.16684256
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>multiple incoherent link threads
what did you just say?

>> No.16684273

>Imagine the largest financial institutions in the world settling multi billion dollar derivatives smart contracts
this will literally happen on BSV nobody gives a shit about chainstink havent you gotten the memo

>> No.16684291

imagine chainlink

>> No.16684506
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>the largest companies are going to spend money on link instead of rolling their own solution

>> No.16684507

>check every single one of those contracts
<Note: This contract matches the deployed ByteCode of the Source Code for Contract 0x1EeaF25f2ECbcAf204ECADc8Db7B0db9DA845327
Someone is spamming the same worthless aggregator again and again. Well nice eth blockchain bloating going on there.

This is the 4th industrial revolution ladies and gentlemen!

>> No.16684511

>I'm moving back to Wakanda and there's nothing you can say to change my mind.
Good, nigger! You won't be missed.

>> No.16684515


>> No.16684543
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They’re paid per call. They probably have a setup to drain the chainlink account once it reaches a threshold. Read the smart contract tab for exact details.

>> No.16684549

Now imagine waking up, you open blockfolio and checking Link price.
It was all a dream and high quality hopium.

>> No.16684550
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>Someone is spamming the same worthless aggregator again and again.
You have no idea how this works do you?
Read the smart contract tab on the eth explorer to see how api calls are made

>> No.16684574
File: 369 KB, 3138x1715, data aggregator - smart contract.png [View same] [iqdb] [saucenao] [google]

>Read the smart contract tab on the eth explorer to see how api calls are made
the spoonfeeding begins
>pic related
>you're welcome
>keep the change

>> No.16684590

you idiot.

Western union isn't even using XRP. Ripple paid them $300 million in XRP and theyve been market selling to keep themselves afloat.

This was when XRP was at .40c. yeah, Japanese banks and Western Union using XRP so much it crashed the price to .18c. See you guys at .01c.

XRP idiots have been warned so often I really don't feel bad for them anymore. They just have incredible low IQ.

>> No.16684601

>chainlink is securing 250m worth of asset
>price didn't flinch
>chainlink will secure 1 trillion worth of asset
>think the price will take 1 trillion

>> No.16684606

I advice strongly against that. No one should waste any of their valuable time on this useless shit anymore. It is the same fucking copy&paste aggregator contract that ask ETH, BTC, whatever price and does nothing useful with that data.

Image calling your broker every 5min and ask about the same stock price and after he tells you that information you hang up the phone and forget what you were just toldand call again to ask the same thing in 5 mins. No imagine automating those phonecalls to waste even more money.

This is the state of chainlink atm

>> No.16684755

Absolutely based.

>> No.16684851
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I am a Chainlink Approved Node Operator and can confirm it's the largest scam to ever see the internet...
lel only joking frens, it's happening, like proper, legitimately happening.

>> No.16684914

How retarded do you actually have to be to say this.

>> No.16685118
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>> No.16685657

What a small brained response

>> No.16686004


>> No.16686696

Why are you still talking about this literally proven scam? 100% of the partnerships have been proven fake.
>1+ year test net
>6 months main net
>nobody can name a single dapp with users using Chainlink oracles in production
>(with proof link to dapp.com/dappradar/etherscan)
>Linkers: this is bullish!

>> No.16686709

Chainlink is not securing a single dollar.

>1+ year test net
>6 months main net
>nobody can name a single dapp with users using Chainlink oracles in production
>(with proof link to dapp.com/dappradar/etherscan)
>Linkers: this is bullish!

>> No.16686895

Why are you even here? This is some mindnumbingly low quality fud

>> No.16686934

I tought so, I just sold everything thanks.

>> No.16687655
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>Image calling your broker
Image being this facetious

>> No.16687786

I'm sorry you didn't sell the 20x, or worse, bought above $2. Still a long way down.

Sell for the Kleros sale in January if you like money.

>> No.16688720

this entire thread means Pegnet is still in the stealth phase

holy shit i'm really going to make it off 1000 bucks aren't I

>> No.16688822
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>> No.16689188
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They turn a sharp corner and Sergey angrily slaps the back of the head of one of his employees. "God damn it Rory."

"What, what did I do" he stammers out.

"Nothing. Fuck you, that's what." Both Sergey and his Father burst into laughter as they turn another corner, "This is my office, just a black telephone and a oneahole to blow off steam and... of course" He opens up a closet and there in pristine condition are thirty different shirts, all of the same type.

"The classic Steve Jobs. Son, I am impressed. You've learned big business so well, I only wish your Grandfather was here to see you. He would be so proud how you've milked these internet losers for money."

"NEETs, Dad, they're called NEETs. And I couldn't have done it without your backing."

"Ah, I see your philosophy degree is hung up here."

"Yeah, they made fun of me for it, but I can't help but think it helps me out-think the Fudders. Every time they almost catch us and every time we cover it up."

"And your exit plan."

"Russia of course. They won't extradite."

"Well, you've raised so much damn money... is there a chance to actuallly of pulling it off?"

"Not a chance. There is zero need for a token, you know I thought about it for a while but most of these protocols could be funded just as progress goes along. I picked something intentionally easy to obsfucate but also very easy to develop, but just added a layer of decentralization to make it extra hard."

"Why? Why not just deliver oracles?"

"Because they're fucking useless Dad. Like tarot cards or any other indicator, you just need an API to connect. All we're doing is technically setting up a layer for people to create their own APIs to act as a node to deliver data."

"Ahh, yes data... yes certainly Data is a great scam, but it's old no?"

"Of course, "big data, data is the new oil, yada, yada", but just throw a token on there and the word decentralization and bam! You have big money."

>> No.16689195
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The only reason why I don't follow chainlink is because it's been clear from the start that sergey does not know what he's doing. He saw that airdrops work here and he decided to promote it, so he came up with an idea on the fly and went with the first name that came into his head. Then he recruited his buddies and started fudding every coin here in August, September and October of 2017. Afterwards, not realizing that he went in way over his head, he decided to promote his shitcoin as much as possible. By some miracle they launched a halfass mainnet that could have been coded in under two months, if they knew what they were doing. Sergey has never had this much money in his life and so he's blown through pretty bad, including paid promoters and marketers. Afterwards, he's been dumping realizing that you can't really build much on ethereum. He tries to delay the thoughts that's he stuck and realizes that he can never deliver. So ultimately his goal is to just wait it out, keep the crowd waiting, keep them biting until maybe Ethereum improves then have the infrastructure or maybe known as the first crypto oracle company, either way he's kind of stupid and not as smart he portrays himself. A boring and uninteresting individual, he is ruthlessly cut-throat and morally ambiguous. He just isn't a good person and his been notorious since his high school days for getting into schemes way over his head. Except this time it's in the millions and with real people's money.

>> No.16689865
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>so he came up with an idea on the fly

>> No.16689875

4000 sats or worse by next month. The project is possibly dead in the water after this knowledge.

Sybil attacks are possible since sybil resistance requires KYC or "trustworthy" node operators. Most people won't KYC because it's antithetical to the idea of crypto itself being decentralized and "anonymous". Therefore, since most operators won't want to KYC, LINK will not be sybil resistant.

Now why does RLC make LINK obsolete in this regard? It's simple. The PoCo algorithm is so well designed that iExec's dOracles can rely on it instead of KYC for sybil resistance.

Boom. I sold all of my LINK at 1.96 because I knew after RLC v3 dumped, that even LINK would dump.

I will not be buying back after learning this. I am all in RLC at the price of 0.43$, about 0.7x ICO price

Sorry gentlemen, I thought LINK was going to save me just like all of us did, but this is the nail in the coffin.

>> No.16690007



This is staking, yes?

>> No.16690089
File: 923 KB, 1100x825, 02F99137-1943-4724-B46B-94479F7464C9.png [View same] [iqdb] [saucenao] [google]

Feels good to be vindicated, doesn’t it?

>> No.16690109
File: 537 KB, 1600x900, 09CA372C-5BF6-4BF0-8A41-52E771A7EB1D.jpg [View same] [iqdb] [saucenao] [google]

>Therefore, since most operators won't want to KYC, LINK will not be sybil resistant.
Read this: >>https://warosu.org/biz/thread/14514053

>> No.16690113
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>Now why does RLC make LINK obsolete in this regard?
Into the trash it goes.

>> No.16690353
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>The project is possibly dead in the water after this knowledge.

>> No.16690364
File: 518 KB, 500x481, 1575303617148.gif [View same] [iqdb] [saucenao] [google]

>A boring and uninteresting individual, he is ruthlessly cut-throat and morally ambiguous
so eager to play
so reluctant to admit it

>> No.16690388
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don't make me put the mask on again

>> No.16690649
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Based taste.
I've been listening to this thoon for a while now. Piano and that boing boing thig gives it a life!

>> No.16691808

Imagine the smell of linkers salty tears as they witness how financial institutions just copy the open source code

>> No.16692298


>> No.16692512
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Glad you enjoy it, it’s soothing music in a way.
Shoo shoo; back to the loo with you

>> No.16692524

it's amazing how deluded linkers are

>> No.16692598
File: 57 KB, 712x712, D66101B2-A891-42FA-81E7-2062F4DD11FA.jpg [View same] [iqdb] [saucenao] [google]

Your concern for our “deluded” mindstates is duly noted
See the doorman for your prize
>pic related

>> No.16693065

>supercomputes in every city

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