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

/biz/ - Business & Finance

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17080327 No.17080327 [Reply] [Original]

>> No.17080330

AIDS... on the Blockchain...?

>> No.17080350
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17080350

>>17080330
UKANDAAA FOREVAAAA

>> No.17080475

>>17080327
DAY EAT DA POO POO

>> No.17080481

>>17080327
i knew everyone on this board was larping as whypipo

>> No.17080488

>>17080327
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.17080841

>>17080475
>>17080481
>>17080488
ukadallars gonn pumpo to the moono

>> No.17081408
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17081408

Do you also get together with your neighborhood and perform the chainlink dance?

>> No.17081455

>>17081408
That's super gay

>> No.17081464

>>17081455
Don't go to a link up then

>> No.17081501

>>17080350
We got the joke the first time imbecile

>> No.17081722

>>17081501
ID NIG , get out of my thread

>> No.17082329

>>17081722
I actually am black but American and I sold my link for pnk

>> No.17083145

>>17082329
yeah that makes perfect sense, nigger

>> No.17083283

every project i'm in has some weird fringe african group from uganda or kenya. it's fucking weird. how do they find out about this stuff?

>> No.17083296

>>17083283
UNICEF and Red Cross workers trying to unload their bags on the poors

>> No.17083353

>>17083283
its life or death for these guys, we gotta bank the unbanked!