/biz/ - Business & Finance

[Anonymous No.20451575]

>He thought it was Coinbase accumulating all the LINK

>It was China's BSN preparing to set up nodes

[Anonymous No.20451595]

Prove it nigger

[Anonymous No.20451673]

stop posting quotes from twitter faggots

[Anonymous No.20451692]

The nodes that are being set up aren't chainlink nodes

[Anonymous No.20451875]

>>20451692
>>20451575
Anyone claiming a Chinese entity would purchase a shitcoin created out of thin air instead of being the ones selling it, doesn't know anything about the Chinese or business in general.

[Anonymous No.20452063]

>>20451875
True, except ChainLink isn't a shit coin. They will however adopt Chain link in the short term and then copy it like.
Uber
Amazon
Facebook
Line
Grubhub
Etc etc

China will never allow a foreign entity to control their smart contracts.

[Anonymous No.20452085]

>>20452063
They will.

[Anonymous No.20452125]

>>20452063
china has no choice if they want their contracts to interoperate with the larger contract network.

[Anonymous No.20452195]

Your mom is a smart contract

[Anonymous No.20452226]

>>20451875
why didnt they chose band? its chinese.

[Anonymous No.20452265]

>>20452063
This.

[Anonymous No.20452438]

>>20452125
This. Just like the internet.

[Anonymous No.20452450]

There are security concerns with the PRC getting in early and owning an apparently substantial portion of the forthcoming blockchain infrastructure. It may be a short term win in terms of price but may imperil the project long term as US-China tensions continue to rise.
Chinese analysts have long argued that while they have growing dominance in the tech manufacturing supply chains, the real focus needs to be be of the "soft" infrastructure side. Currently, Microsoft, Linux, Google (Android), Apple underpin everything.
>>20451875
They were forced to due to the superiority of the tech. It wasn't their first choice as per a recent article. Chainlink's early marketing helped too. But yeah, they will take their piece of flesh.

[Anonymous No.20452480]

>>20452195
smart contract your mother if you want smart contract

[Anonymous No.20452489]

>>20452063
>They will adopt Bitcoin in the short term and then copy it
Just in case you didn't realize how fucking retarded you are just from the original statement

[Anonymous No.20452562]

>>20452450
Yeah but doesn't SERGAY control 35% of the supply? The Chinks probably own less than 5%

[Anonymous No.20452567]

>>20452450
>it wasn't their first choice
I guarantee that it was, and that saying it wasn't is just some business negging bullshit

[Anonymous No.20452568]

>>20452480

[Anonymous No.20452618]

>>20451575
why would China, a nation known for stealing IP and making their own version of things, put thousands of yuan into a two man team above a nail salon operation?

[Anonymous No.20452670]

Speaking of coinbase, anyone having issues with CBP right now?

[Anonymous No.20452678]

>>20452618
Because /bi/z autists need to be true so they can get enough money to travel to Thailand and bang a bunch of whores before retiring to their secluded mountain cabin, where they will have to call a handyman every week to fix every issue they encounter.

[Anonymous No.20452826]

>>20452670
Disregard, appears to be a cloudflare issue

[Anonymous No.20453302]

>>20452562
Well it's opaque so we don't know what kind of OTC is happening/provision of the node incentive fund. It's early days, you can imagine Sergey giving them a good deal to get Chainlink into BSN. That is entirely rational and a good move but it ignores the broader geopolitical realities.
Also Chainlink controls 65% of the supply.
>>20452567
Anyone with an experience with China knows that they will never go for foreign tech/experience unless they have to.

[Anonymous No.20453966]

>>20452063

[Anonymous No.20454130]

Only Nervos and Ethereum are supported by BSN all other news is fake news