/biz/ - Business & Finance

[Anonymous No.22554522]

This kills the Chainlink.

https://www.coindesk.com/bsn-localized-chains

>These new permissioned chains will look very different from the original versions. To make public decentralized chains, such as Ethereum, permissioned, BSN will only allow its designated operators to build and operate nodes, where dapps verify on-chain transactions and store data. The network will block all peer-to-peer fee transactions and require its users to use renminbi instead of Ethereum “gas” to cover fees for building and running dapps on chain.

[Anonymous No.22554574]

When will you realize all crypto is useless chainlink only goes up because of our joint meditation

now start believing in $30 EOM

[Anonymous No.22554604]

>>22554574
Holy shit holy based

[Anonymous No.22554631]

>>22554522
uhh this sounds bullish for chainlink
nightmarish for the public, though better that china be forced to integrate itself into the crypto community rather than the other way around

[Anonymous No.22554639]

>>22554631
>bullish for chainlink
not for its token

[Anonymous No.22554655]

>>22554639
chainlink isn't a blockchain

[Anonymous No.22554712]

>>22554639
BSN runs on Chainlink, retard.

[Anonymous No.22554721]

>>22554522
In what way does this kill chainlink?
>>22554639
Brainlet

[Anonymous No.22554734]

>>22554574
tbqh link is dead. XRP is where all the meme energy is now

[Anonymous No.22554794]

>>22554734
I really can’t tell if you faggots are fucking around, or you’re genuinely retarded enough to think xrp is a good investment

[Anonymous No.22554803]

>>22554734
meming about xrp being the center of meme energy is *an* area of meme energy, perhaps

[Anonymous No.22554870]

>>22554655
>>22554712
>>22554721
they will run their own forked chainlink nodes and yuan will be used to pay for queries. you are the brainlets.

[Anonymous No.22554935]

>>22554870
Nice fanfic you nigger

[Anonymous No.22554946]

>>22554935
read the article

[Anonymous No.22554987]

with the aggressively expansionist policies of china, this is terrible for the entire space, not just chainlink.

[Anonymous No.22555089]

>>22554870
They will have wrapped link just like Binance chain. Won’t matter if everything is paid in digital Renminbi. Whatever Link is used for the BSN permissioned chain will get locked in an ethereum contract to create the wrapped link for BSN

[Anonymous No.22555102]

>>22554946
Where exactly does it say that bsn is going to fork chainlink you fag

[Anonymous No.22555146]

>>22555089
>>22555102
you are either extremely naive or delusional if you think china will allow data flowing into smart contracts from sources that aren't controlled by the ccp. this article confirms in. they are the antithesis of decentralization.

[Anonymous No.22555202]

>>22555146
That's exactly why. They'll control the flow of data, so they'll run their own nodes/adapters, but they want outside data. It's the same with Github, Github isn't censored in China because they want access to open-source projects (to copy and chink).

[Anonymous No.22555204]

>>22555146
>you are either extremely naive or delusional if you think china will allow data flowing into smart contracts from sources that aren't controlled by the ccp
Imagine thinking china has any power in crypto whatsoever. If they really cared about that shit why the fuck would they use chainlink in the first place? Again, go write your fanfic somewhere else you filthy gook loving faggot

[Anonymous No.22555208]

>>22555146
What about my response says the data will flow in from outside sources.? The wrapped link will be used for staking and payment/penalties for the nodes delivering data on the BSN permissions chains. Those nodes operators will likely be chosen by the CCP controlling what the data is.

The wrapped link token would have nothing to do with the actually data, it is just the payment system.

[Anonymous No.22555217]

>>22554522
Chinks already tried to bring down link in a hack. Who will be the first to put BSN out of business? Who will immortalize themselves in Link Lore as the first great chink killer?

[Anonymous No.22555272]

>>22555204
do you know what the great firewall is? are you aware of the extent of internet control in china?
>>22555208
i hope you're right, but i can't see china adopting the main networks of any crypto projects. i think they will just fork and assimilate anything they find useful and force payment with their native currency. it's what china does with everything.

[Anonymous No.22555291]

>>22555204
>gook loving faggot
didn't see this before and i want to be very clear - i fucking hate china and everything about their policies. not sure how you could think otherwise after reading what i've said.

[Anonymous No.22555303]

>>22555146
yeah sir gay already said that any nodes participants must be inside Chinese territories and they will use wrapped linkies to fulfil this geo-barrier while exchanging in digital ching chong monopoly "money"

[Anonymous No.22555342]

>>22555272
Yes I've been to china and it's very easy to get a vpn and provided to don't go antiChina they usually ignore you but say something bad about China online and they will come down on you like a great frenzy of bugs

[Anonymous No.22555352]

>>22554712
Big brained comment right here

[Anonymous No.22555432]

>>22555342
you're not understanding me correctly but you're almost there. china controls information flows on the internet and they squash all data that is critical or offensive to the CCP. if there are decentralized nodes feeding any data from the outside world into smart contracts that are used in their national infrastructure, they wouldn't control the flow of information sufficiently. they MUST control the flow of data into these smart contracts, just like they control the flow of data into their citizens' homes. the only way to do that is if they control the oracle nodes and approve of what flows through them.

[Anonymous No.22555499]

>>22555432
yeah bro I get you and they'll probably have a central coordinator somewhere in there or were you delusional enough to think that decentralized meant something other than nepotism in China? they're going to get cousins and friends to vet certain critical data coming into and out of China but this is more about making domestic interactions more efficient. The Great Firewall will have a great oracle wall on it before engaging with the rest of the world
in short: never trust the yellow man

[Anonymous No.22555617]

>>22555432
so they make their own nodes and only use those, not that complicated. this is seperate from the token being used which is a built in mechanism on the network itself. its like saying they wont use gas in their cars because theyll build their own highways

[Anonymous No.22555630]

Another one in Chainlink's coffin. I LOVE IT. You linkfucks are approaching your final months on biz

[Anonymous No.22555652]

>>22555617
actually they are saying that they won't need gas because they'll settle in rmb kek

[Anonymous No.22555654]

>>22555617
>built in mechanism on the network itself
not if they fork it to operate otherwise.
>>22555617
>its like saying they wont use gas in their cars because theyll build their own highways
no it isn't because gas is a naturally scarce resource and digital tokens are artifically scarce and can be programmed away

[Anonymous No.22555705]

>>22555654
>not if they fork it to operate otherwise.
Why do have such a boner for forks? How in the fuck did you get to this conclusion?

[Anonymous No.22555710]

>>22555146
Wait so what the hell is the point of the system? Can't their legacy internet already do all this centralized shit?

[Anonymous No.22555752]

>>22555705
>How in the fuck did you get to this conclusion?
they have said they will settle in yuan and not the currencies associated with the blockchain networks. keep up please or keep quiet.
>>22555710
you're right. there is little point. some redundancy and pseudo-immutability

[Anonymous No.22555774]

>>22555710
He’s obviously fudding and doing a real bad job at it

[Anonymous No.22555779]

>>22555146
I can’t wait for retards like you to sell

You create a service agreement with a node or set of nodes to fulfill contractual data needs by a contract.

BSN can CHOOSE to use CHINA based nodes running Chainlink. Nothing about Chainlink is “American” or “Western”. It’s a piece of software when run by a node operator can generate income to the node operator.

Chinese chains can simply choose to create service agreements with Chinese node operators

You people are literally retarded I can’t handle biz anymore

Sergey even said this

[Anonymous No.22555827]

>>22555774
well by the strict definition of FUD, yes i am very fearful. i think china is an existential threat to the decentralized ideals.
>>22555779
i'm not selling and won't be for a long time. this is just the china front. chainlink and other blockchain networks will still be okay in the western world.

[Anonymous No.22555852]

>>22555202
>>22555617
These anons get it
Nobody on /biz/ supports CCP bullshit but the fact remains that Chinese CL nodes for Chinese oracle solutions still creates demand for Link, even if nobody in China ever gets to remove Link from a node and can only withdraw digital renminbi
Demand is demand. There is a fixed supply of Link, and the hungrier Chinese companies are for Link VRF, data feeds, etc., the higher the price of my Linkies

[Anonymous No.22555863]

>>22555827
Then you’re a retard and you should go to reddit

[Anonymous No.22555882]

>>22555827
You’re a fucking retard
Go back to working at McDonald’s or Ross
I tried so simply to explain to you why you’re wrong

[Anonymous No.22555911]

>>22555882
you "tried so simply to explain to me why i'm wrong" without reading the article in my first post

[Anonymous No.22555919]

> be op
> be confused
> make several threads about Chinese people being Chinese
> look they're being Chinese!

[Anonymous No.22555947]

>>22555779
this. just geo tag the nodes or only show chink nodes on market.lin.cn

[Anonymous No.22556059]

>>22555911
Imagine reading crypto journalism

[Anonymous No.22556103]

>>22556059
i don't reject new info based on the platform it's propagated from.

[Anonymous No.22556231]

>>22556103
no but you are probably the author of that piece because you profit in several ways
> fud drops price allows for further accumulation
> view count spikes
> convo is believed maybe on Reddit and you feel like an influencer
There is no way you have followed the project and are believing a decentralized system can be nationalized. It's like wow look china basically controls mining and yet btc is still not Chinese

[Anonymous No.22556434]

>>22556231
He honestly thinks china has any real power in defi lol

[Anonymous No.22556505]

>>22556434
kek. It's the author David Pan for sure no one posts crypto journalism here topkek

[Anonymous No.22556540]

>>22556434
the internet is governed by copper and fiber wires running underground in real territory. don't make a mistake

[Anonymous No.22556577]

>>22556540
This should come in handy one day then

[Anonymous No.22556606]

>>22556577
you're still missing the point.
>>22555432

the CCP controls everything important in china, including data streams. if you think an illegal service will be widespread in china, go for it. i don't.

[Anonymous No.22556643]

>>22556606
David Pan, l China doesn't control as much as you think they do plus they love counterfeits kek and btc is still not nationalised and neither will muh stinkies

[Anonymous No.22556681]

>>22556643
a few posts ago you agreed with me about china. two posts before that you disagreed with me. now you disagree again. fuck off, you spinless maleable faggot.

[Anonymous No.22556752]

>>22556681
I said the chinks' will swap their digital chong bucks and use wrapped link in whatever form they wish. They still need to lock up link just like cz. In fact that's probably the reason for the huge saw tooth volume patterns on chainlink and monero: to fund illegal shit and to accumulate link.
They will do this but that doesn't mean they control it. god wtf is your reading comprehension level for a fucking journalist

[Anonymous No.22556804]

>>22556681
to simplify link is a big circle and within that circle is bsn which only exists through virtue of the larger circle, savvy?

[Anonymous No.22556805]

>>22556752
you really think i'm the author of the article? kek take your meds. as for the rest of what you said - i hope you're right. we will see. china takes hold of every system they can as long as there's no dire political consequences. smart contracts and blockchain are still budding systems, so i believe they will view it as low-risk and mold it to their liking.

[Anonymous No.22556832]

>>22556804
no i don't agree with that topography at all. i think china will control every aspect of their networks, including the currency that services are paid in.

[Anonymous No.22556934]

>>22556805
>>22556832
you are david pan: another seething chinkoid insect who thinks China will dominate the globe despite having zero creative and innovative abilities aside from copy paste.
You assume they have a choice and they don't have to own link in order to generate chong bucks to use internally? They have to back the Chong 1:1 with locked link to wrap it!
They've been buying up link all through ghost month and monero too.

[Anonymous No.22556956]

>>22556934
>having zero creative and innovative abilities aside from copy paste
i agree with this you fuckin idiot. are you out of your mind? china is the enemy. that's my entire point

[Anonymous No.22556976]

china = number two
Chainlink = number one!!!
stinkies win again technology will wrap nation-states and regulate them far more effectively than globohomo institutions

[Anonymous No.22556978]

>>22556805
You really need to either stop buying into chink propaganda or just stop being retarded. China isn’t controlling anything. They’ve always been a paper tiger and always will be.
>>22556832
Just like btc right? I bet you also think china is going to overtake US economically and militarily

[Anonymous No.22556989]

>>22555202
Precisely this

[Anonymous No.22557009]

>>22556978
i don't "buy into" anything. that's simply how china does business.

[Anonymous No.22557019]

>>22556956
check the volume spikes all through ghost month on linkies and monero david, then ask yourself who is involved and could easily generate several billion
> but muh pedo cults
lmao
> muh chinks don't do business during ghost month
precisely why they did it at this time

[Anonymous No.22557039]

>>22557019
>> but muh pedo cults
ok i see what this is now. here's another (You)

[Anonymous No.22557075]

>>22557009
it's how china thinks it does business not how it works in reality. CCP exists to regulate itself just like the Soviet Union and the NKVD
>>22557039
sorry you prefer the term "elites"? interchangeable nomenclature desu

[Anonymous No.22557148]

>>22557039
you're next headline should be
> Shifty Chinks Lie: How Chyna Fucked the Crypto World By Using a Little Known Exchange to Launder Money and Suppress Stinkies
> Subheading: Racist Neets All Around the Globe Extremely Angry

[Anonymous No.22557458]

>>22555432
They can 100% control the flow of decentralized information off the broader Chainlink network to centralize it and maintain the CCP flow of information. Sergey and /biz/ have both discussed it.

[Anonymous No.22557959]

>>22557458
>They can 100% control the flow of decentralized information off the broader Chainlink network to centralize it and maintain the CCP flow of information. Sergey and /biz/ have both discussed it.
Yeah but they still need to lock link up to do it and to reward node operators in chong bucks will require a swap at of reward. They have multiple word responses that cover execution in alternative currencies including fiat.

[Anonymous No.22558069]

>>22554574
>chainlink only goes up because of our joint meditation
this

[Anonymous No.22558174]

>>22557959
Interesting. Does the question then become whether China is willing to bear that cost to swap? It sounds like they might considering how far they’ve gone for Chainlink/BSN, no?

[Anonymous No.22558275]

>>22557959
*at time of reward
>>22558174
They will have to if they want to execute payments in a particular outcome e.g. fiat many will not just China. swapping costs will decrease exponentially with arbitrum too but you still need LINK GAS and possibly ETH and they will hodl and speculate on them as well as use them. check out that german telecom group doing this right now and what they expect (smart Con talk not sure if released yet)

[Anonymous No.22558334]

>>22558275
>not sure if released yet
Are you implying you have access to something I don’t or that you’re not sure what Deutsche Telekom has stated about this hahah

[Anonymous No.22558364]

>>22558069
Fren

[Anonymous No.22558396]

>>22558334
The video needs to be uploaded on Jewtube.

[Anonymous No.22558604]

>>22558334
I watched it live but not sure if it's on JewTube yet

[Anonymous No.22558971]

bump so in short you have a token that is more than programmable money it is a new type of asset that has use within and without the web3 tech stack.