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

/biz/ - Business & Finance

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28228337 No.28228337 [Reply] [Original]

>Thank you for having me. Great to be here. Hi everybody, excited to be speaking with you again and excited to be at this great event where at lot of things get built and done. I think the first thing we should really discuss is, you know, what is going on in our industry and what our industry stands for, and what it is that we’re hoping to achieve by building all of this. I think that really goes to a core question of the trust that society has between different participants, both in the financial system and outside of it. I think there is a really important concept on the shift that we’re now all apart of. And that concept is us going from a system of guarantees from paper and brands that don’t need to be honored, to a system of cryptographic guarantees that are enforced by math and will be honored. And I think that this is the seismic shift, that we as an industry are driving, much like, you know, the printing press shared information, other systems like the loom changed commercial transactions around certain parts of the economy, railroads, various other advances in transportation, ships, insurance for ships, the internet to transfer information to people all over the world on really small cheap devices now, and now the way that people form agreements.

>> No.28228604

what's her point?

>> No.28228603
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>I think this is an idea that will go through the standard set of reactions that monumental changes have. And you know in the words of one of the people I tend to read and listen to on certain points, I think it has already been ridiculed to a certain degree. Its now becoming moderately opposed, and that’s probably still going to continue, and then its going to be accepted as self- evident. And it’s really the role of all of us, as the people building this industry, to get it to be self evident much faster to the benefit of everybody. In our favor, we have all kinds of events that basically prove our point, and will and already are accelerating the rate at which the larger world wants to use the technology of blockchain, smart contracts and oracles.

>> No.28228703



The fucking pleb

>> No.28229016

didn’t read, already sold

>> No.28229241
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>The first use case I’m going to talk about is one that you’re probably all familiar with, its related to the recent online trading activity around robin hood and a few stocks, and, or Stonks or whatever we want to call them. At the end fo the day, the existing financial system is skewed to benefit certain, better resourced, better informed actors. And it does that very well because it works in a certain state in predictable market conditions to enable them to make a lot of money, and this is because they have certain advantages cuz they figured out the system and sometimes they are able to bend the system to their advantage. People participate in the system because its the only system they have, and they do want to participate in the global financial markets even if they have limited information, and even if they have limited control over the various risks that they are essentially involved in. Now this system works fine while everything is fine and nobody really cares, but as Robinhood and Wirecard and others are now showing us more often on a faster and faster cadence, the issue really arises when this no longer works for certain parties.

>> No.28229362

>That Schopenhauer quote

Literally how LINK has been treated, holy shit. Step one was obviously 2017-2019. Were in step 2 right now. And well hit Step 3 by 2023

>> No.28230185
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>And when it doesn’t work for certain parties in the system, the system stops. Because the parties were supposed to be benefiting from it no longer benefit from it. And that’s when the rest of the world and the average user find out how the system really works. These types of things will continue, and they will only accelerate, and they will create a massive crisis of trust. Of trust in the systems that people rely on to transact with each other, to interact with the global market, whether it is for global trade, insurance, the financial markets, whatever it is. The most recent examples are Wirecard, Robinhood now, and many others to come. But this is what I consider to be the redefinition of trust within human society. And that redefinition of trust is what our entire industry is about. It is about changing the way that people interact, in an economically, fair, transparent and fundamentally correct way. Rather than the skewed and asymmetrically beneficial and often times predatory way, that people interact in many transactions now. Part of the reason this is possible is because its hidden, and its hidden under layers and layers of opaqueness and only revealed in extreme circumstances like this. And really unexpected circumstances, that a system wasn’t built to properly handle and properly hide and massage away. But this will continue to happen, because more and more people are informed through the internet, more and more people have assets, global markets are fundamentally global, and there will need to be a solution to this problem of trust and proper interaction between people on the basis of trust.

>> No.28230568

appreciate your effort OP

>> No.28230662
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> we have had an entire year, one (1) whole year without a singular development

Does this disprove the infinite monkeys thought experiment?

>> No.28230724

Are you really gonna transcribe that entire nothingburger of a talk?

>> No.28230863

>And when it doesn’t work for certain parties in the system, the system stops.

Wish he would stop dumping AMIRITE LADIES?


>> No.28230864
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>> No.28230938
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>So this is what I feel like we are all a part of; whether were building an application or developer tool, or a piece of infrastructure, we are changing the way that people will form their economic relationships with each other. And that will happen through certain flash points where there are problems, there will be all kinds of debate and violent opposition to certain changes to a system, but fundamentally because the system that we are building is better, it will win out as being self-evident. That that is the way that people should relate to each other in terms of economic fairness, transactions, and how they will conduct their relationships within society. So I think its a very very important thing that were working on and I always look forward to this event because there’s a lot of very smart people here seeking to build something. But I just wanted to share with you, what I thought we were all doing as an industry and what were seeking to achieve.

>> No.28230991

After the talk i searched the github for any sign of life or hope at all and it's miserable. There are unfixed "typo in document" entries from weeks ago and otherwise fuck all. This is the first time i've ever begun to seriously doubt the team.

>> No.28231260

And to express my final dismay before i go to sleep - anons in the live thread started to turn to copium about the file saying "apple keynote" thinking it meant he had presented to apple and not that it's just the file sorting of all presentations made on the Apple Keynote presentation software. It was blackpilling as fuck.

>> No.28231390

well, you better market sell it all immediately right this moment then bro ;)

>> No.28231448
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>The way we achieve this in decentralized finance is really by the creation of many autonomous on-chain services. Whether that’s a price feed, or a defi application, or some additional service that enables more things to be done, we are now, all of us, collectively building a large suite of services that are on-chain. And that large suite of services is ungamable, and transparent and able to be accessed by the larger global marketplace. And just like the internet was laughed at as a way for people to transfer information or as a way to conduct commerce globally, it is now self-evident that the internet is the way to conduct transactions and transfer information. What we are doing now is what people were doing in the internet in the early 90’s, the mid 90’s, is they were building the initial use cases, and the services and the protocols that were then composed into more and more advanced use cases. And I think we should all feel very proud of that and take it very seriously.

>> No.28231624

>literally more development than every single other project in crypto in the past year, and it isn't even close or comparable
>without a singular development
how do you cope this hard, i really don't understand it

>> No.28231641

I'm going to call it a night as see. I've held for fucking years but btc is eventually due a hard drop and i just know that's going to wreck us, i had hoped we'd climb a bit more before that happens.

>> No.28231919
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>I think people at this hackathon have basically two things, or three things they can really work on. I think they can build a use case, I think they can build a developer tool that interacts with existing services and makes them more consumable, or they can enable easier access to infrastructure for people to consume more infrastructure easily. I think when building services and when building these different defi applications you have a huge array of prebuilt services. You have a lot of protocols that you can combine in interesting ways, you have a lot of different pieces of data coming from something like Chainlink, whether its about weather or price, you have sources of randomness, you have a lot more building blocks than people had two years ago or even one year ago at this same event. And the ability to compose those building blocks into new and interesting use cases is really what the first few years of the internet were about. They were about infrastructure getting to the point where people can combine that infrastructure with their ideas in an efficient way while maintaining security.

>> No.28232102

Indians will do it for $5 USD. It's big money over there.

>> No.28232287

Big Serg is a white pill

>> No.28232482
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>Now this is something that is obviously taking off, and its going to continue taking off for the simple reason that its still very early.

>> No.28232761


That quote, holy based

>> No.28232778

Thank you for doing this

>> No.28232971
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>Defi is unbelievably early, its less than three percent of the value that it could be based on the value in the crypto format. So the migration of crypto value into defi will continue, and I think accelerate because of the transparency and the yield and the ability to manage counter-party risk, and that transition from paper based guarantees to math based and cryptography guarantees. Because you can still have cryptocurrency but be given a paper guarantee that it is properly managed. Where as with defi you get a math based guarantee, which I think the people in our industry are really the first group of people that are going to realize this big difference, and benefit from that understanding.

>> No.28233037

>Sergey goes live on Twitch
>viewership immediately jumps to 700 then 1000
>Sergey leaves
>viewership drops below 300

>> No.28233059

So 1k is FUD

>> No.28233090
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You're a dumb fudding faggot, chainlink is holding up the ENTIRE SMART CONTRACT SPACE AND IS LITERALLY GOING TO SAVE ETH FROM KILLING ITSELF FROM THE MEV PROBLEM ETH CURRENTLY HAS. recent development, vrf which is paving the way for the blockchain gaming sector including the nascent nft gaming scene and that's just a small piece of vrf potential. OCR is so close I can taste it and it's going to be the singular greatest advancement of crypto to date. They have literally partnered with the world economic forum AND the UN AND THE GOVERNMENT OF CHINA. Do you understand the international tech war that will come from the rest of the world trying to compete with china? did you even listen to the other eth Denver presentations? Devs and CEOs left and right said arbitrum is their L2 choice because of how accessible it is compared to eth optimism. Do you understand what arbitrum and OCR mean for chainlink? Do you understand yet that 4 digit link is not probabalistic but deterministic. It's going to happen and I hope weak minded anons like you sell so I can buy even more. I could give a shit if link doesn't pump for another 10 years, I watched that shit fall to .001 dollars during the chinance cz "woops it wasn't me that stop hunted a million link" liquidation event and I didn't even flinch. You know why? Because I understand what I'm holding and no amount of fudding, demoralization posting, or even a fucking solar flare created by quantum computer powered skynet bots will ever convince me to sell my winning lottery ticket. 1k eoy is fud.

>> No.28233299

Lol he’s just baiting you dude

>> No.28233421

I know, I just hate the demoralization posts

>> No.28233506
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>I think the bigger picture here is the larger global market, and how the structural problems we will continue to see in the form of Robinhood , and other systems like that, will drive more and more people to seek safety in systems that give them cryptographic guarantees rather than paper guarantees. And with each additional issue in each of these global industries, people will begin to ask this question and the protocols and the products that give them the answer will be the internet of contracts where they store all of their value. Which essentially means that societies wealth and value will migrate to a new system of contracts that we are now in the process of building, even here at this hackathon. Which to me is mind blowing, because its a monumental shift to how society works. Society is based on information and trust, that’s really a lot of what society gives people as well as resources and the ability to collaborate. And that’s the thing that we are building in the newest and most advanced form for society, in my opinion.

>> No.28233606

that's it. i'm out.
>t. 2017 OG

>> No.28233675


Wtf is wrong with your brain?

>> No.28233774

dude its ok, just relax bro

>> No.28233784
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dangerously based
anons selling their link to chase shitcoin hyperwaves are toying with financial armageddon

>> No.28233981


>> No.28234116
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To everyone reading this, from the trannies to the nazis, to the virgins & the chads, to all the blacks, hispanics, jews, asians, and indians....to the serfs & charlamagnes.
We are gonna make it

>> No.28234143

No, no I don't think I will.

>> No.28234275
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it's just a price checker alarm clock, anon.
I know you have all your hopes and dreams on this coin... but it's already overpriced.
10 billion marketcap right now.
25 billion marketcap fully dilluted.
for a price checker alarm clock?
This is the peak.

>> No.28234304
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>The way that we at chainlink seek to help the amazing developers in our industry do this, is by providing them the many services, the many on-chain services that they need in addition to a chain. So if you have a chain, or you have your favorite chain or you have the place where your smart contract lives, and the blockchain can be viewed as a database and the smart contract can be viewed as application code. But all the other services like APIs and connectivity to anything else is really where something like Chainlink and the oracle networks that chainlink makes come in. We already provide a large amount of price and market data which essentially allows the global finance industry to make its way into blockchains, by creating financial products that give these cryptographic guarantees rather than paper guarantees, and that’s something where we’ve excelled and where we continue to have both an increasing breadth of different data that’s run by the original data source and by node operators, and the depth of data in terms in the massive improvements in quality were continuing to gain from more different data providers and higher and higher quality data providers across our network.

>> No.28234343
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you forgot to include me. I am a Pac Man

>> No.28234379

You're not wrong, anon. March is going to be an atom bomb and LINK is gonna get caught in the blast. It'll go back up later, but we're getting merc'ed.

>> No.28234396

I can't wait to dump 1 link on you at 81k on arbiswap

>> No.28234472

Can someone link (heh) a recording of the stream?

>> No.28234541

Wtf bro, we don't deserve you. Thank you so much.

>> No.28234607
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Blessed thread

>> No.28234768
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>The second group is proof of reserves, where we are essentially able to prove things about off-chain assets, not on an annual basis with an audit but on a minute by minute or ten minute by ten minute basis, proving there is for example gold in a vault or assets in a bank account or you know, even tokens on another chain. Proof of reserves is another powerful tool in the toolbox of developers because it allows the off chain worlds assets, mainly bringing the global asset management industry into the blockchain world, by proving that those assets are in existence and in a certain state. If something like proof of reserves existed and was functioning well before the 2008 financial crisis, its very possible that would have been softened or completely avoided.

>> No.28234831

>to benefit certain, better resourced, better informed actors

>> No.28234923
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up 20% since august in the middle of a golden bull run

>> No.28235139

wow I can't believe Sergey is an antisemite holocaust denier wtf???

>> No.28235345
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when will we make it frens I am tired

>> No.28235432

Based OP.

>> No.28235514
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>Beyond our ability to provide price data and prove things about assets, we get into many other categories of data. Everything from insurance related data about weather events that can be queried and used to built insurance products, which are then fed back into the defi ecosystem as collateral to thousands of other pieces of data such as election results, really anything you can think of like IoT data and I really encourage people at this hackathon to explore both what they can build through the existing price and market data, the various insurance data and the many other types of data that were now making available both from original data sources running their own node and from chainlink networks porting data from multiple sources to make it hyper reliable. I think the combination of more and more advanced data, together with the protocols that allow that data to be combined into products, is really where one, two, three, five, ten developers can leverage their skills in the most efficient way. And they can build truly industry defining and industry changing financial products, insurance products, global trade products, prediction markets and whatever else they can think of. Its really our goal to provide all of the data, and all of the inputs that people need.

>> No.28235654
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Look to my coming at first light on the fifth day. At dawn look to the East.

>> No.28235693

Absolute scam

>> No.28235942
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>In addition to that, I think its important for people to understand that chainlink is not just about data, it is about an oracle network and oracle networks are actually responsible for everything that blockchains are not responsible for. So an oracle network is note just about delivering data, it is about providing all the services such as the trust minimized off-chain computation that is needed by a contract, right because smart contracts that run in these blockchain platforms are hyper secure and hyper reliable, but they are low on feature richness for security reasons. Centralized systems have completely lost peoples trust in many cases, and will continue to lose peoples trust in almost all cases. Everything from social media to communications to now the financial system, centralized services are being viewed, even by the average person as unreliable and a place that they do not want to have a long term relationship with. I think the middle ground between highly centralized feature rich centralized systems and highly trust minimized but low feature kind of blockchain systems is an oracle network. And an oracle network sits between all of the use cases and all of the blockchains which those use cases run on and provides it with all the other services that it needs. And all the other services is huge universe of inputs. If it starts at providing different types of data, it then quickly moves onto computations that blockchains generally speaking usually don’t do, and probably won’t do at scale and basically need to be done in a trust minimized way.

>> No.28236030
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>> No.28236146
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>> No.28236450
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>Its these trust minimized computations that oracle networks will expand to do in addition to data and actually the combination of those trust minimized computations together with data will enable once again a much wider realm of products to be built. The first thing we have working and is now becoming massively used in the blockchain gaming community is verifiable randomness. We have that working for many different blockchain games that are already using in production, its going live on multiple different chains and you can easily use it on ethereum to provide random inputs into games and, you know, other applications. Beyond that, we are finalizing some of our plans around Keepers and the ability to maintain a smart contracts proper operation through a chainlink network. Because once again, even dev ops and maintenance of contracts is basically given to an oracle network because it needs to be trust minimized.

>> No.28236515

What a time. What a place. I’m just happy to be involved.

>> No.28236614
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>> No.28236720


>> No.28237079
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great thread

>> No.28237140
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>And then beyond that, I think developers even at this hackathon can think about is how do I use the expanded computational capabilities of chainlink and the adapter scheme that it has, to compute more and more advanced things in a trust minimized way, that doesn’t require me to disclose things to blockchains, so allows me to maintain privacy, while getting me the features that blockchains so far haven’t been able to provide. I think this realm of services will continue to grow from us, so if you’re a developer and you want to build these cutting edge, truly world changing applications, we are fundamentally here to help you. We are here to help the developers of the world make trust minimized applications, make the decentralized applications that will be the new way that society interacts around various value, various information. And to me, its very clear that is where everything is going because of the systemic and continued failure of trust relationships with you know, social media, communication systems, financial systems, and fundamentally our goal is to accelerate the transition to a truly decentralized and fair economic system.

>> No.28237189
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Does this motherfucker spend all his time and energy making powerpoint presentations instead of coding a working product?

>> No.28237296


>> No.28237715
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>So this is what were doing here at this hackathon, this is what we hope to enable, with you the great developers that we work with, and this is also something that we are thrilled to work with other people on within our team, so if this is a worthwhile goal and something that you think is worth pursuing and spending time building, we’d be thrilled to work with you on our team, we have a lot of positions open for engineers, product managers and all kinds of other positions both in operations and sales and all kinds of dynamics on helping people understand and get to this decentralized world faster. So thank you very much, I am looking forward to the great things everyones gonna build, and I think the future of how society interacts is really gonna be based on the work we all do together as an industry. So thank you very much.

>> No.28237825
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>> No.28238149
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Sergey plugging AMPL. How comfy

>> No.28238632
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i appreciate you
you better fucking believe it
did a Big Mac just fly over my house?
holy based indeed
thank you for being here
whatever causes one to put their lifes savings into link in 2018, im sure there will be a formal diagnosis some day
we will make it
biz showed me the way, i must give back somehow. thank YOU
thank you
thank you
lets go
we truly live in an exciting time
also based
thanks 42
im sure people make them for him at this point

>> No.28238658
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I only started browsing this board in Fall I only have 100 link

It's crazy to think how different my life could be if I had just gotten into crypto a few months earlier

>> No.28238755
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based...new faggots cannot handle this shit
eat shit niggers 81k eoy

>> No.28239026

Nice to see you again transcriber anon, I think it's better to do this tomorrow or even at the weekend though. The talk is too fresh right now & with link mooning, no one is paying attention tonight. Find a time when there aren't many other link threads for max impact

>> No.28239220
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>> No.28239283
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Soon mariner soon

>> No.28239340
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>> No.28239406
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>> No.28239671
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>> No.28239688
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i have friends who have known about chainlink for years and own zero. you are further ahead than you realize

>> No.28240431

dogshit. better oracles are already being developed which are truly decentralized (like Razor). in a few years this fat liberal russian faggot will gtfo the sinking ship with his hundreds of millions of dollars.

>> No.28240627
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>this is what I consider to be the redefinition of trust within human society.
>we are changing the way that people will form their economic relationships with each other
>we should all feel very proud

>> No.28240803


>> No.28241036
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Sergey TA
Sergey essentially says the entire crypto value should be in defi
>Society is based on information and trust, that’s really a lot of what society gives people as well as resources and the ability to collaborate. And that’s the thing that we are building in the newest and most advanced form for society, in my opinion.

>> No.28241452
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>Its really our goal to provide all of the data, and all of the inputs that people need.

>> No.28241790
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>I think its important for people to understand that chainlink is not just about data, it is about an oracle network and oracle networks are actually responsible for everything that blockchains are not responsible for.

>> No.28242077
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>an oracle network sits between all of the use cases and all of the blockchains which those use cases run on and provides it with all the other services that it needs.