/biz/ - Business & Finance

[Anonymous No.17502033]

so can anyone actually explain why Chainlink is mooning all the sudden? or is this board just full of little kids who are posting the same memes that others have posted for the past 5 years?

[Anonymous No.17502048]

>he doesn't know

[Anonymous No.17502056]

>>17502033
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.

[Anonymous No.17502059]

Kek wills it

[Anonymous No.17502061]

pump&dumb, next is dumb

[Anonymous No.17502063]

>>17502048
Nobody does except the venture capital scammers paying market makers to pump the value of their scamcoin.

[Anonymous No.17502072]

>>17502033

They quietly got involved with Elrond, which is linked to Orion protocol. Elrond is the fastest network around, while Orion solves the liquidity pool issue for exchanges. What do they need to make it all work? Price discovery.

[Anonymous No.17502074]

>>17502033
lurk more newfag

[Anonymous No.17502087]

>>17502063
EEEEEEEEEEEEE
EPPPPPEPPPPPE
EPO0OPEPO00PE
EP0COPEP0C0PE
EPO0OPEPO00PE
EPPPPPEPPPPPE
EEEEEEEEEEEEE

[Anonymous No.17502101]

>>17502056
Not sure if LARP

What coins/tech do you consider actually viable from a non-speculative standpoint? Money and moons asides as that often has nothing to do with fundamentals.

Is there any real use or value? Would this change if the “don’t fix what’s not broken” mentality was changed? Are there any real world applications blockchain does BETTER

[Anonymous No.17502628]

>>17502101
>unironically replying to a 2 year old pasta

[Anonymous No.17502635]

>>17502033
Fuck you you fucking fuck

[Anonymous No.17502640]

>>17502101
>I'm employed with a cyber-techno machinations company
>cyber-techno machinations
>not sure if LARP
biz - business & finance

[Anonymous No.17502649]

>>17502101
LOOK AT THIS DUDE HAHAHAHAHAHAHAHAHHAHAHAHAHA

[Anonymous No.17502652]

peak clownworld
everything is tanking while the #1 meme invest keeps pumping

[The Devil !!y9pM1O7kKh0 No.17502655]

>>17502033
None of your fucking business, faggot.