/biz/ - Business & Finance

[Anonymous No.3564312]

Is LINK actually going to be going anywhere?

[Anonymous No.3564348]

>>3564312
it will go 3x more when it hits liqui

[Anonymous No.3564429]

>>3564312

You realize people hate ED, and once this hits a mainstream exchange it's gonna BTFO

[Anonymous No.3564439]

>>3564429
confirmed waiting for it to get off ed to buy

[Anonymous No.3564453]

newfag here, whats BTFO?

"breath the fuck out" im assuming, as in go up in price?

[Anonymous No.3564457]

Chain LINK.
>It solves the oracle problem.
but seriously, it does sound like it has a lot of potential. It aims to revolutionize smart contracts by using the "wisdom of the crowd" (by means of individual nodes voting) to incorporate off-chain data into the blockchain. Nodes get rewarded for correct information(based on responses), and lose reputation/get penalized for false info, providing incentive for people to take an active part of as perfect an oracle as there ever could be. There are precedents for the success of "crowd wisdom" applications, most notably in decentralized prediction markets. Am I missing anything?

[Anonymous No.3564458]

>>3564453

BREAK THE FUCK OUT

[Anonymous No.3564475]

>>3564458
Got it, ready the launch pad

[Anonymous No.3564482]

>>3564453
i laughed

[Anonymous No.3564494]

>>3564482
Happy to provide a chuckle my good man.

[Anonymous No.3564501]

>>3564457
So is 'crowd wisdom' based on individuals actually verifying real world happenings or is there some sort of application that all the nodes run simultaneously and it just picks the most highly voted version of real world happenings?

[Anonymous No.3564595]

>>3564501
"As an oracle service, ChainLink nodes return replies to data requests or queries made
by or on behalf of a user contract, which we refer to as requesting contracts and
denote by USER-SC. ChainLink’s on-chain interface to requesting contracts is itself
an on-chain contract that we denote by CHAINLINK-SC."

So in my understanding, data "requests" are made via a smart contract "system" consisting of three parts: "a reputation contract, an order-matching contract, and an aggregating
contract." All work together to collect data from those nodes that have established reputability, and aggregating this data to be used as an "oracle" Am I making sense?

[Anonymous No.3564608]

Where do you store LINK? does it have a wallet?

[Anonymous No.3564610]

>>3564312
In order for LINK to go anywhere it would have to first remove the giant roadblock that is "The Oracle Problem"

[Anonymous No.3564629]

>>3564608
It is currently being traded on Etherdelta, which is a bit tricky to use. Etherdelta has a wallet to which you the private key

[Anonymous No.3564639]

>>3564629
Etherdelta has a wallet with private key access.

[Anonymous No.3564641]

>>3564595
That is actually the best break-down of Chain Link I've read yet. The part I'm still curious about is how the nodes actually gather the data.

[Anonymous No.3564643]

>>3564629
so it gets stored on etherdelta? seems a bit sketchy to store on there

[Anonymous No.3564673]

>>3564610
Man, stop FUDDing Chainlink because you couldnt get in to the gravy train. This "thing" has an actual use-case, and I'm sure you know that as a fudster, but in case you dont: tough luck in the crypto game. You aint cut out for it if you cant do your own research

[Anonymous No.3564677]

>>3564643
You can move it to MEW

[Anonymous No.3564687]

>>3564673
Lol I got into blocks 75 and 76 and I hold 40k+ LINK I just like the oracle problem meme and it makes me laugh. You don't think it's funny?

[Anonymous No.3564691]

>>3564677
oh really? i don't see it listed under the tokens section of MEW, has it just not been added to the list yet?

[Anonymous No.3564695]

>>3564643
etherdelta is smart contract based

even if the site is down, you can withdraw your money or tokens out of it. (Instructions: https://www.reddit.com/r/EtherDelta/comments/6yrpb3/etherdelta_gone/))

[Anonymous No.3564701]

>>3564691
Create token
Enter this data:
Contract Address: 0x514910771af9ca656af840dff83e8264ecf986ca
Token Name: LINK
Token Decimals: 18

[Anonymous No.3564704]

>>3564643
It has its own wallet, and in order to trade with the funds in that wallet you transfer it to a ED "smart contract", whereas if you lose cookies you lose access to funds in that smart contract. Its pretty straight forward actually, but you need to fiddle around with it a little to get it. Look up how to use etherdelta on google, reddit. here is a steemit link:

https://steemit.com/etherdelta/@lufid/how-to-buy-tokens-on-etherdelta

[Anonymous No.3564715]

>>3564704
If you cleared your cookies, you can restore your ED account as long as you saved the private key that it provided to you upon account creation.

[Anonymous No.3564720]

>>3564704
>>3564701
thank you. i was thinking of trading my 120 OMG for LINK, what do you guys think?

[Anonymous No.3564724]

>>3564312
>literally one day old
>only on etherdelta
>yet to even hit liqui

And let's not forget what's going to happen on 16 October:
>S I B O S
>I
>B
>O
>S

If you don't know what SIBOS is, google it.

Chainlink/Smartcontract is going to do a live demo of the system they developed with/for SWIFT.

If you don't know what SWIFT is, google it.
Protip: it's not crypto.

So yeah, this thing is going places.

[Anonymous No.3564731]

>>3564720
Im in both, dont want to really commit to just one.

[Anonymous No.3564737]

>>3564641
Haha thanks. That's what Ive been able to gather from the first couple of pages, so take it with a grain of salt. I think a lot of the value of this coin will be tied by its implementation. What worries me is the team, man: they just don't seem to be very "". I might be wrong, but I just dont have much faith in them

[Anonymous No.3564744]

>>3564724
What's your speculative ceiling? Lot of people are basing if they dump based on hype before oct 16th. Is this long term for you?

[Anonymous No.3564750]

What do you predict will be the price of this coin EOY and in 2018?

[Anonymous No.3564757]

>>3564715
how about the funds in the smart contract? I heard you lose access to them

[Anonymous No.3564769]

>>3564715
how about the funds in the smart contract? I heard you lose access to them when you clear cookies

[Anonymous No.3564772]

>>3564757
Sorry, I misread the question and was thinking of the wallet on there (Not the ED contract wallet). You are most likely correct.

[Anonymous No.3564782]

>>3564687
I actually find it hilarious, but I thought you were a fudster. Sorry, nevermind then

[Anonymous No.3564792]

>>3564772
yeah, its pretty nervewracking sometimes :/

[Anonymous No.3564808]

>>3564782
Nah man got 25% of my portfolio in this biznass. Kinda mad I didn't put more in, fuck risk management this shit is the token we've been waiting for.

[Anonymous No.3564852]

>>3564808
What do you think of the team?

[Anonymous No.3564905]

How do i add LINK token to myetherwallet that i bought from ether delta?

[Anonymous No.3564913]

>>3564905
I hope you added the smart contract address before sending them to your ethereum address or you're SOL.

[Anonymous No.3564921]

>>3564852
I think they know exactly what they're doing.

[Anonymous No.3564922]

Go on ED and get the token address for link.

go to mew, add token, use that address, symbol LINK, decimal 18.

[Anonymous No.3564934]

>>3564913

Can you please elaborate?
Please explain exactly what needs to be done.

Last ICO i just added the adress and synbol and then it showed up.

What's the difference here?

[Anonymous No.3564958]

>>3564921
What whitepaper is that from?

[Anonymous No.3564961]

>>3564934
that anon is wrong. you can have them in your wallet and be unable to see it if you haven't added the smart contract address.

[Anonymous No.3564971]

>>3564724
I've looked at SIBOS and can't find any of the chain link team speaking there...

[Anonymous No.3564982]

>>3564348
Do we know how long it normally takes for this to happen?

[Anonymous No.3564983]

>>3564921
Huh... That's entry level comp sci...

[Anonymous No.3564990]

>>3564961
>>3564913


Nevermind, i figured it out,

On etherscan you can see your tokens, then just add the custom token to your ether wallet,

Ok, let's baghold this shit and hope for the best.

x100 my ass, you people are dreaming but atleast i got some of this LINK garbage now just in case.

[Anonymous No.3564991]

>>3564971
https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry

[Anonymous No.3564996]

>>3564982
10-15 mins tops. IF not just sell your tokens because that means it's going to tank.

[Anonymous No.3564998]

i have 28k LINK is it enough boys am i gonna make it..

[Anonymous No.3565000]

>>3564971
They're there:
https://www.sibos.com/conference/conference-programme

Scroll down to and expand:
>Bridging DLT and SWIFT messaging with SmartContract.com – Innotribe Industry Challenge 2016 winner

>SmartContract.com will present a live demo of a Proof of Concept where a DLT platform manages ISO 20022-compliant bond instruments, while an ISO 20022-aware Smart Oracle settles coupon payments off-ledger through ISO 20022 payment messages over SWIFT.

[Anonymous No.3565002]

>>3564996
I mean to get onto liqui. This shit isn't tanking.

[Anonymous No.3565009]

>>3564991
Cheers, but this doesn't have any speakers named and SWIFT is arealdy working on its own solution independent to chain link, I hope it's true but I highly doubt it

[Anonymous No.3565015]

>>3564998
I have over 60k. Legit planning on buying property with this.

[Anonymous No.3565017]

>>3565009
Smartcontract.com is the company that created LINK!

[Anonymous No.3565036]

>>3565015
fuarck man your legit in lambo land.

[Anonymous No.3565044]

Remember hearing about the "Second Life Economy"? No? It's people who bought "virtual land" or other things on there and then sold them to other people for REAL money.

DECENTRALAND is coming out with its own virtual real estate that you can buy.

Who knows where this will go - Maybe you'll be able to sell it in the future for real money as well.

Just out of ICO, at or below ICO price, on EtherDelta now:
https://etherdelta.com/#MANA-ETH

[Anonymous No.3565048]

>>3565017
I realise this but the SWIFT one is SWIFT Smart Oracle and is independent of Link

https://www.slideshare.net/mobile/slideshow/embed_code/key/HJglipax9KmMPx

[Anonymous No.3565058]

>>3565048
This is by smartcontract.com. It says on the opening slide. wtf are you smoking senpai

[Anonymous No.3565064]

>>3565048
They are saying on the website that SmartContract.com is doing the presentation.

Here is the literal text:
>SmartContract.com will present a live demo of a Proof of Concept where a DLT platform manages ISO 20022-compliant bond instruments, while an ISO 20022-aware Smart Oracle settles coupon payments off-ledger through ISO 20022 payment messages over SWIFT.

I mean isn't this the same team? Or am I way off here.

[Anonymous No.3565074]

>>3565064

Chain Link is Smartcontract's product, try keep up.

[Anonymous No.3565075]

>>3565058
Yes but I don't think it uses the LINK token, unless I'm a brainlet who can't into reading
>>3565064
Huh? Fair enough it must be Sergey et al. then

[Anonymous No.3565084]

>>3565075
It uses it, read the chainlink whitepaper.

[Anonymous No.3565096]

>>3565048
>>3565048

Anon you are incorrect, the SWIFT Smart Oracle uses the Chain Link middleware, it is the whole point of the demo.

The LINK token is used to sustain the decrentalized nature of the netowork, the more people that require data from the Chain Link middle ware, the more the token appreciates due to reparations for data providers.

[Anonymous No.3565100]

>>3565075
https://link.smartcontract.com/#team

[Anonymous No.3565161]

>>3564720
OMG is weird to me. They keep posting pics in front of logos or with certain people and then heavily implying they have partnerships or whatever. Without any confirmation from any other party.

Chainlink on the other hand is actually 100% confirmed to be working with SWIFT, which connects over 11k financial institutions all over the world. Let that sink in. And look up SWIFT.
And this is actually third-party confirmed by SIBOS: https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry

>>3564744
>>3564750
Well, the SIBOS thing isn't your average crypto "big news coming" or "partnership confirmed" bullshit; it's waaaaaaaaay bigger than that.
Therefore: after 16 October, the price will likely skyrocket instead of plummet. But keep in mind that some people will still act on the adage "buy the rumor sell the news", regardless of the performance at SIBOS on Oct. 16. These people may be in for a rude surprise when shit goes up instead of down after they "sell the news".

If Chainlink does become the Ripple killer it's looking to be, you can expect it to approach current Ripple market cap (which is 200x the LINK ICO market cap).
If Chainlink does become what it ultimately sets out to do, the sky is the fucking limit.

Still, remind yourself we're talking about crypto. Be prepared for dips, and ultimately be prepared for anything (i.e. don't stake what you can't afford to lose).

[Anonymous No.3565186]

>>3564983
Lol What kind of entry level comp sci did you take?

[Anonymous No.3565945]

>>3564312
Does anyone even understand how revolutionary this technology is?
https://www.cahfindit.com/news/1528219181

[Anonymous No.3565953]

>>3564453
"bring the fuck on"

[Anonymous No.3565964]

>>3565945

Yes anon we understand, why do you think the volume on ED is more than the entire volume for every other coin? And this is only tech savvy people.

[Anonymous No.3565965]

>>3565945
>https://www.cahfindit.com/news/1528219181

>i only have 28k LINK

[Anonymous No.3565970]

>>3565965

>mfw only 40k link

[Anonymous No.3565977]

Interested in turning half my Ark stacj into LINK. How do?

[Anonymous No.3565984]

>>3565970
>only 40k link

[Anonymous No.3565992]

>>3565984

Not enough for a lambo anon.

[Anonymous No.3566000]

>>3565977
Right now you can only buy on Etherdelta.

>create account (this is your address)
>send ETH to this account address
>wait for it to show up
>find "balance" section at top left
>deposit ETH in balance section (keep a bit of ETH in account address)

You can now place an order.

[Anonymous No.3566004]

>>3565977


Etherdelta.

You have to import your private MEW key into Metamask.

Then import your Metamask to ED.

Then deposit LINK into the ED smart contract.

Then you can make orders.

[Anonymous No.3566007]

>>3565992
m m-maybe if 200x.... it solves the oracle problem
anon.. i..

[Anonymous No.3566013]

>>3566007
200x would put it at about the same market cap as Ripple.
LINK is a Ripple killer and much more.
Think bigger, anon.

[Anonymous No.3566028]

>>3564608
Read about ethereum.

[Anonymous No.3566031]

>>3566007
Sergey has specifically stated that oracles will pull from multiple data providers with multiple levels of priority and trust, even trustless data providers will be included.

If you have an oracle that pulls from multiple data sources with differing levels of security, precision, and data pulled from different times, what are the odds that if an edge case happens that it will go through?

It reduces the fucking probability of error by several factors. Do you realize the fucking value in that right?

You think people stopped using computers because blue screens and errors you dumb fuck?

[Anonymous No.3566041]

>>3566007
>>3566013
I mean shit, if all goes well this thing will blow sky-high.

Imagine if you could make "smart contract" with businesses for all kinds of things not even related to crypto; like getting an automatic 20% refund if the flight is delayed by 2 hours; no questions asked, it's in the blockchain, which nobody controls.
Commercial courts are going to go bust.

This is just one of the things chainlink/smartcontract can do.

[Anonymous No.3566042]

>>3566007

[Anonymous No.3566053]

>>3564312
only 6500 link

feelsbad.jpg that i didn't had more money to invest

just want to get to 10000k at the end of the year, that would make me a happy anon

[Anonymous No.3566056]

Any news of any sort regarding new exchanges?? What;s happening in the Slack I got banned for harassing some Pajeet.

[Anonymous No.3566064]

what if we made a miscalculation and chainlink is actually making the oracle stronger?

[Anonymous No.3566069]

>>3566031
>>3566041
wew lad calm down im just meming lmao. still salty i only have 28k tho

if they can ACTUALLY deliver on their vision - and imo its a big IF simply because of the implications for us investors - then this coin will probably be one of the highest rewarding ICO's of all time.

[Anonymous No.3566080]

8k link

Will i make it?

[Anonymous No.3566087]

>>3564673
>fudster
>gravy train
How did you find my MacBook again grandpa? Go to bed.

[Anonymous No.3566090]

>>3566069
If chain link/smart contract does become the link between crypto and mainstream business, anyone still holding from 2017 will be filthy smelly rich.

Of course, there are going to be dips and moonshots all the way, shaking out panic sellers and profit takers.

[Anonymous No.3566093]

>>3566087
I actually laughed out loud.

[Anonymous No.3566135]

>>3564453

bite the fancy olive

As in, soon you will be rich enough to indulge in the finer pleasures of life.

[Anonymous No.3566436]

>>3564453
Blaze the fucking oil
Like what they did in the gulf war

[Anonymous No.3566453]

>>3564641
Nodes can gather data any way they want, could be just a person reading the news or whatever.
They could also read https websites inside and Intel SGE enclave, which provides cryptographic proof that they actually read that website and didn't tamper with the data. In that case there's pretty much a fully cryptographically secure way to get data from an https source onto the blockchain.

Just read the whitepaper, it's not very difficult to understand.

[Anonymous No.3566460]

>>3566453
*inside an SGE enclave
SGE = software guard extensions, I think Smartcontract.com has already done this with their towncrier project as well.

[Anonymous No.3566608]

>>3565186
It's just pseudocode, and not very complicated at that. It just looks fancy cuz of all the subscript and different fonts and greek letters and shit.
At least over here reading papers is what a first year compsci undergrad can do easily.

[Anonymous No.3567111]

>tfw only 18200 LINK

feels like its not nearly enough for lamboland

[Anonymous No.3567180]

>>3567111

So maybe not lambo land but when this thing hits 10 bucks... that's 180k yo.

[Anonymous No.3567248]

>>3567180
honestly>>3567180
i'd buy some more now if i could

[Anonymous No.3567445]

>>3564453
>>3564458
>>3565953
KEK
>>3566135
>>3566436
>sides have left orbit

[Anonymous No.3567456]

>>3564312
Yea, down

[Anonymous No.3567480]

>>3565161
this

[Anonymous No.3567489]

Whales are spreading fud to push the price further down in order to accumulate.

[Anonymous No.3567545]

How to add LINK in MEW? It shows on etherscan but not in my wallet.

[Anonymous No.3567599]

>>3567545
You can add it as a custom token in MEW.

Contract address: 0x514910771af9ca656af840dff83e8264ecf986ca
Decimal places: 18
Symbol: LINK