A few things I didn't see discussed from yesterday

[Anonymous No.17261057]

- Now we know why moneyskelly hates moneybelly. Moneybelly has been waiting on eth to scale for contract execution and has had to DELAY integrating enterprise users because of moneyskellys fuckaround time. Link brought in the big swinging dicks to take BY FAR the most valuable use case (high volume smart contract computation and execution) off the ETH layer and capture that value on LINK
- Now LINK relies only on ETH for finality, which really doesn't require an ETH scaling upgrade in order to work. So ETH is now chainlink's bitch in that if ETH doesn't do what link wants, they can run an ETH chain of their own using the existing code and have a complete soup-to-nuts smart contract stack under their in house control with their highly productive coders, business integration experts and production cycles that actually produce results unlike the socialism ideology of ETH. The sword is now above ETHs neck to produce or get left behind.
- The value proposition just changed dramatically. Take ETH's value right now and subtract 20% for the printing shitcoins and cryptokitties use cases. Then adjust to whatever you think ETH at 500tps is worth. Now add to that the current market value of chainlink as an oracle network. That's the current true market value of LINK the moment offchainlabs's shit goes live.

Also don't miss that this piece of information, which is the last real hurdle to an enterprise-grade working smartcontracts stack with adequate bandwidth to change the world, was released in a non-flashy way on fucking VALENTINES DAY
Sergey sent you lonely neets a love letter only you would understand
Lube up your boipucci cos from now until 3 years from now it's getting rammed with green dildoes

[Anonymous No.17261093]

>>17261057
cheers jonny

[Anonymous No.17261148]

>>17261093
Not him im NFCDL

[Anonymous No.17261158]

[Anonymous No.17261194]

>>17261158
Hard not to at this point

[Anonymous No.17261250]

>3 years from now
just kill me already

[Anonymous No.17261294]

>>17261250
EOY2020 $100
EOY2021 $1000
EOY2022 $5000
Not kidding

[Anonymous No.17261295]

>>17261250
I'm still 20 so at that point I will be almost out of uni I think. Fucking fuck yes I'll never have to serve you kikes a day in my life. Fuck yeah.

[Anonymous No.17261311]

>>17261057
$BOLT is the best coin in crypto bar none

[Anonymous No.17261382]

>>17261294
Damn these are some bullish af predictions in my mind. You really think we will snowball that fast?

[Anonymous No.17261426]

This isn't fud. It has no place here. You are peddling dangerous propaganda that will cause many 4chan incels to go bankrupt. This token has no use, the devs dump 3 quarters of a million of them at a time and it's value is MASSIVELY overinflated. It's a fucking shitshow that will crash and burn leaving Neets the world over suicidal. Shame on you.

[Anonymous No.17261458]

>>17261057
>Drains the value of your network
Heh, nothing personnel kid

[Anonymous No.17261487]

>>17261057
>Block chain agnostic

Starting to take a new meaning for some people.

[Anonymous No.17261535]

>>17261295
1. Dont fuck up your life. Youth plus money is a recipe for fucked up life
>>17261382
EOY2020: "We're proud to announce the launch of our fully operational enterprise scale smart contracts network and we'd like to highlight the following launch partners with working products"
EOY2021: Its an honor to announce that the LINK network has been selected as the trusted backbone of all interbank transfer and all derivatives for ISDA members
EOY2022: This year 5% of global value transfer happened on the LINK network- we have over 200 integration engineers waiting to add your legacy systems to our network which shows an average of 4% cost savings and 80% increased margin for our users

How much do you think those are worth?

[Anonymous No.17261543]

>>17261148
>NFCDL

wtf is that

[Anonymous No.17261555]

>>17261426
Stop
>>17261458
Moneyskelly is furiously eating boogers somewhere right now
>>17261487
And to top it all off it's OPTIONAL
Link can literally do whatever the fuck it wants right now

[Anonymous No.17261684]

>>17261555
Trips of truth good sir. You seem to understand more than most. By chance, if a person wanted to build something in this field (a new chain with a new use case specific or something like that) where would you send a person like myself to get in touch with the right people to make things happen?

[Anonymous No.17261715]

>>17261535
Yeah I'm definitely staying lowkey with my money. Live a modest life and make sure me, my family and whoever else showed me love eats well.

All that text made me cum anon and it all seems like a possibility. Link can explode at any second. I'm going to add to my stack in the morning. Hope this thread gets more love. Bless you bro.

[Anonymous No.17261841]

>>17261555
Checked and great threadpilled

[Anonymous No.17261924]

>>17261543
Dont worry its not important
>>17261684
The team will make the UI damn near idiot proof. You should be looking to businesses with high back office costs and start spreading the word of smart contracts now so that you can make big dough by drag and dropping some shit on azure etc.
>>17261715
There is no money that is enough if people are dependent on you
>>17261841
Thanks

[Anonymous No.17261955]

>>17261555
Checked. Thanks op

[Anonymous No.17261992]

>>17261426
C O P E

[Anonymous No.17262097]

>>17261294
this guy gets it

[Anonymous No.17262136]

>>17262097
>Sergey sent you lonely neets a love letter only you would understand

"The only people who could philosophically relate to the oracle problem, a bunch of shut in neets...etc"

[Anonymous No.17262371]

>>17261535
Please someone give rough price estimates at each point

[Anonymous No.17262428]

>>17261955
No problem
>>17261992
Chainlink
Oracles
Power
Everything
>>17262097
Thanks
>>17262136
Its all so perfect
>>17262371
>>17261294
The link holder iQ curve is real

[Anonymous No.17262530]

>>17262371
He already did retard. Although even 1k makes it to Amazon valuation, 5k is 3.5 times more valuable than Apple.

I think it's closer to the 5-10 year range before it's that deeply adopted.

[Anonymous No.17262534]

From what I understand, this is both equivalent to town crier and treshold signatures. Allowing massive scalability with complex off chain computation while simultaneously solving the expensive gas problem, by only signing with the aggregated result once on chain. It's such an elegant yet brilliant way to solve two of the biggest issues. I can see why eth devs would feel shadowed by this, however. It makes eth a small part of Chainlink, rather than the opposite.

I have a few questions.

How is the off chain computation probably secure, without the use of something like SGX enclave? What's really under the hood, in the most brainlet of terms, to guarantee results can't be tampered with?

Is it live right now already? Will the team start implementing it asap to reduce gas costs for the heartbeats? Or will this remain vaporware tech like town crier? Is it only in theoretical stage or practical already?

From what I understand the way they designed their protocol, since it wasn't a token funding model, is node agnostic core tech and other projects could plug as nodes as well. It's wonderful and revealing that they chose link as their first de facto node network but this could change with time. This also isn't tech owned by chainlink, unless they aquire it like TC. It's more like deco, which I know witnet is also working to adapt in their protocol. I know, they're nowhere near the momentum of link but long term it's still something to take into account.

Does it make threshold signatures redundant or is it more of a temporary band-aid until chainlink has finished developing its own solution? How do these two features compare to each other?

Most impressively, they seemingly solved the scalibility issue in no hype discretion, while all the scaling layer token projects are like 2 years behind. If this truly solved both affordability and scalibility issues, main obstacles for enterprise use, how long until serious adoption kicks in?

[Anonymous No.17262596]

>>17261057
Wait, are you saying that LINK can be used to create another completely decentralized smart contract platform?

[Anonymous No.17262602]

What can we buy with chainlinks again?

Oh .. that's right .. NOTHING

[Anonymous No.17262903]

>>17262530
You may be right time wise but every time we've thought the team was going slow they were actually going lightspeed in the background
>>17262534
I can see you're enthusiastic but you're wrong on a few points.
Start here:
https://medium.com/offchainlabs/scalable-low-cost-computation-of-ethereum-smart-contracts-using-arbitrum-on-the-chainlink-8985c6542d4e
Then read:
https://medium.com/offchainlabs/how-arbitrum-rollup-works-39788e1ed73f

Ed is a great writer
>>17262596
Im saying that if LINK and ETH split, LINK has no problem having the quorum team or the hyperledger team or whoever run a simple ETH clone that can already do all the shit they need from that layer without ANY scaling upgrades.
Tons of shitcoins and scams are literally ETH clones, the LINK team would probably run ETH better than ETH does
>>17262602
Your time for the rest of your life

[Anonymous No.17262912]

>>17262534
OP, you here? Anyone?

[Anonymous No.17262918]

>>17261057
>wasn't talked about yesterday.
Chu mean, we've been talking about this for the last 2 years. Where have you been?? I still think its too early to completely agree but with the current trend, we'll fulfill this vision.

[Anonymous No.17262980]

>>17262534
There is no real world demand for smart contracts. Financial industry is typically way behind everyone else when it comes to adopting new tech. Could be years before there is any meaningful adoption. Speculation will still pamp it to $10 tho.

[Anonymous No.17262987]

>>17262903
>Im saying that if LINK and ETH split, LINK has no problem having the quorum team or the hyperledger team or whoever run a simple ETH clone that can already do all the shit they need from that layer without ANY scaling upgrades.
>Tons of shitcoins and scams are literally ETH clones, the LINK team would probably run ETH better than ETH does

pic related...

[Anonymous No.17263098]

>>17262534
>by only signing with the aggregated result once on chain
that's called a "federated sidechain" and the idea is literally over 10 years old. It already exists eg. Liquid, but it requires trust in nodes and nobody uses it.
>SGX enclave
Corda has support for sgx for longer than chainlink exists.
https://www.corda.net/blog/corda-and-sgx-a-privacy-update/

In short, literally everything OP wrote is a lie

[Anonymous No.17263347]

>>17261294
Wtf has happened the past month where all of a sudden we are throwing out $5-$10K per LINK like it’s nothing? This wasn’t happening at all in past years beyond $1K is fud shitposts and a couple autists using questionable math to predict it might peak at $40K 25 years from now. I don’t see what has changed

[Anonymous No.17263469]

>>17261555
>the moment offchainlabs's shit goes live.
Checked. When does offchain go live? They just started testnet a couple month ago.

[42 No.17263593]

>>17261057
of course
Sergey doesn't fuck around, that's good

[42 No.17263684]

>>17262428
>The link holder iQ curve is real

[Anonymous No.17263689]

>>17263347
I've only held link for a year and even I can see it. Link is the key to the universe and you think it's going to cap out at $1k?

[Anonymous No.17263716]

>>17263593

[Anonymous No.17263765]

>>17261426
stop the fud you fucking retard this is going to 3 digits easy . i bought another 1k today suck me dry

[Anonymous No.17263906]

>>17263347
The tech allowing easy usage of smart contract is here sooner than we thought if I understand correctly and it cucks Ethereum
If like me you don't understand shit about the tech, just remember that 4chan is always right (hivemind, cauldron of refutation, survival of the most fit concepts and intuitions)
Also there's been projections of Chainlink being used in production of value categorized by GDPs and the derivatives market. Said market is an abomination and who knows it might disappear, but even for only tangible value such as GDPs, the projections put LINK at a few hundred if not thousands.
Now with derivatives the numbers just become meaningless. $1K fud might not even be a meme and a make it stack could be a hundred linkies.

>t. deluded NEET

[Anonymous No.17263948]

>>17263347
The tech allowing easy usage of smart contract is here sooner than we thought if I understand correctly and it cucks Ethereum
If like me you don't understand shit about the tech, just remember that 4chan is always right (hivemind, cauldron of refutation, survival of the most fit concepts and intuitions)
Also there's been projections of Chainlink being used in production of value categorized by GDPs and the derivatives market. Said market is an abomination and who knows it might disappear, but even for only tangible value such as GDPs, the projections put LINK at a few hundred if not thousands.
Now with derivatives the numbers just become meaningless. $1K is fud might not even be a meme and a make it stack could be a hundred linkies.

>t. deluded NEET

[42 No.17264089]

>>17263948
>$1K is fud might not even be a meme

[Anonymous No.17264782]

>>17264089
Stop posting that dumb picture
I can recreate it in <5 minutes

[Anonymous No.17264851]

>>17264782
Shutup homo. That picture is based as fuck. That picture is where we are heading. We are creating the future now, not faggots like you. Go watch porn and cry about it you degenerate faggot.

[Anonymous No.17264933]

>>17261535
thats great and all but wen staking? and also how much passive income can a neet earn by staking 5k linkies in your estimate?

[Anonymous No.17265030]

>>17262912
See above
>>17262918
We've been under the impression that true go live was dependent on eth scaling. There was never talk that LINK itself was the scaling except that one thread that got few replies.
>>17262980
They did all of this because enterprise didn't want to wait on ETH to scale
>>17262987
Tasty. Thanks anon
>>17263098
None of what you said contradicts any of what I said
>>17263347
The technologic hurdles are now gone
Now there's testing and integration, which is done in public
>>17263469
Looks like around when Oracle will be integrating? I'll be interested to see what Ari has to say...
>>17263689
>>17263716
>>17263765
>>17263948
Truly exciting times

>>17264089
>>17264782
>>17264851
Chill its just memes
Till it isnt
>>17264933
Staking when scaling goes live as it's necessary for arbitum
And because now there's more network demand
Looks like mid 2020?

[Anonymous No.17265044]

>>17264089
kys. obviously shoped

[Anonymous No.17265062]

>>17264933
no more than $500 a year. it won't be greater than what you can earn from stock dividends

[Anonymous No.17265147]

>>17261057
1. I see what you're saying but don't see how you arrived at that conclusion.
2. Even if this was true, Vitalik is petty and will deliberately drag this out for years and/or actively fight against Links success because of his political views.
3. Crypto is a borderline dead venture, you won't necro 2017's gains
4. Delet this

[Anonymous No.17265198]

>>17265062
Not taking into account the price increase of link itself which will certainly occur.

[Anonymous No.17265236]

>>17261057
How would an economic crisis black-swanned into being by the Coronavirus affect things?

[Anonymous No.17265279]

>>17261194
Same thing I thought anon. Literally the only people who still don't believe are those who got burned because they got left behind

[Anonymous No.17265301]

>>17265236
There's also a black swan coming in the energy production sector, which will change a lot of things

[Anonymous No.17265504]

>>17265044
>>17265062
Fudder begone

[Anonymous No.17265773]

>>17265301
Indeed. We seem to be perilously close to losing that leeway between minimum oil price that producers need to be profitable and maximum oil price the economy needs to provide everyone with acceptable levels of prosperity and not fall into recession.

[Anonymous No.17265841]

>>17265773
More exciting, new sources of energy production. LENR (rebranded "cold fusion")

[Anonymous No.17265889]

>>17265030
>Looks like mid 2020
Sweet Baby Beelzebub.

[Anonymous No.17266024]

>>17261057
OP - how high do you think ETH will go long-term? I'm considering shorting ETH and longing LINK - I'll get blown up if ETH 2.0 and ETH steaking comes out and ETH pumps way more than LINK.

[Anonymous No.17266074]

>>17265236
> Foreigners divest from China
> Chinese government prints money to keep the musical chairs going
> 1.2 billion Chinese start divesting from China and buying Crypto and other hard assets.

[Anonymous No.17266307]

>>17265044
>>17265062
Thanks for sharing your thoughts
Very valuable
>>17265147
1. Its from the announcement medium
2. Again, they have veto power now. They need link, link does not need ETH anymore
3. Look at overall crypto volume now vs 2017
4. Nah
>>17265198
Dingdingding
>>17265236
Probably like any other medium sized negative economic event
>>17265279
The cope is real
>>17265773
Sounds like you're describing how prices work
>>17265841
And solar is now bottom line cost efficient in 35 states
>>17265889
Lets hope
>>17266024
Sounds like you're adding risk without adding a lot of upside
You have a huge information advantage re: link
You don't have that re: ETH
Remember how true winners play?
>>17266074
We can dream

[Anonymous No.17266782]

>>17266307
>Sounds like you're describing how prices work
I'm describing the conditions any given market requires in order to exist

[Anonymous No.17267280]

>>17261057
>Lube up your boipucci cos from now until 3 years from now it's getting rammed with green dildoes

[Anonymous No.17267655]

based thread

[Anonymous No.17267697]

>they can run an ETH chain of their own using the existing code
bwuahahah