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

/biz/ - Business & Finance

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3622091 No.3622091 [Reply] [Original]

>> No.3622104

Why would you ever think it was a meme?
One of the most promising icos of 2017 and solves a problem in crypto that no other coin has tried to find a solution for, any non retard knew this shit is a easy gains

>> No.3622109

>>3622104
I believe now anon. I was blind but now I see.

>> No.3622115

>tfw got here too late for the LINK party
I guess I'll just go kill myself

>> No.3622125

>>3622115
Still not too late

>> No.3622140

>>3622125
I need Ethereum to get it right?

>> No.3622146

>>3622115
It's only on etherdelta and just under 2x ICO.
If it manages to replace Ripple, that's x200 ICO.
If SWIFT or CLS actually implement it, there's no telling where this will go.

And it doesn't even need SWIFT at all. Chainlink will allow for smart contracts to be used in mainstream business and finance.

Now look at how big ETH got with its smart contracts for crypto only.

>> No.3622189

No shit read their website. Founder has been working on this for 3 years. They have a facebook engineering director as their tech advisor. They have the perfect domain name smartcontract.com. they have infinifely more validity than other shitcoins with billions in marketcap.

>> No.3622221
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3622221

>> No.3622627

What value does the token provide?

>> No.3622656

>>3622627
Used to pay nodes operators. Possibly: more LINK=more trust in your node=more usage=higher earnings.

>> No.3622672

>>3622627
Incentivising the decentralized node network, which is the key to obliterating inferior centralized products like Ripple or Oraclize.

>> No.3622675

>>3622656
So essentially GAS for an Oracle network? Why can't ETH do this

>> No.3622677

How often does this kind of hype happen here?

>> No.3622696

>>3622675
They could theoretically. Too bad they are tied up upgrading into POS. Plasma. Sharding. Literally a laundry list of difficult to achieve things to do first. By the time they get around to putting in integrated oracles chainlink will be $20/LINK.

>> No.3622702

>>3622675
ETH can't use external data, it needs something in between.
Just like a hamburger vendor needs a butcher in between to input the meat.

>> No.3622711

>>3622696
It's ran off of the etherium network though, isn't it? =/

>> No.3622718

>>3622221
kek

>> No.3622720

>>3622702
So it's a layer over Solidity? With templates to make easy consumption? Do you need GAS and LINK or is it just LINK or LINK -> GAS?

>> No.3622724

I don't want to miss this going up anymore.. I don't have any ETH yet though.. think I should do an immediate charge to my debit card or will it sit long enough for me to set up a proper bank transfer line?

>> No.3622734

>>3622724
Don't FOMO man, there's still a lot of time before this is listed outside of ED.

>> No.3622759

>>3622720
https://link.smartcontract.com/whitepaper

Oracles, baby.

>> No.3622761

>>3622734
I hate being a fucking wageslave so fucking much.. I have a decent amount saved but I work 5-6 days a week 12 hour days with a fucking hour drive each way. I HAVE NO FUCKING LIFE AND LOOK 38 and I'm 28

>> No.3622775

>>3622761
deep breaths anon, we're all going to make it

>> No.3622781

>>3622759
>gives you Wikipedia home page for your answer
If you don't have an answer don't be a cunt

>> No.3622790

>>3622761
The market is no place for emotion.

>> No.3622795

>>3622781
With all due respect, you're asking me to spoonfeed you technical info when the information is all readily available.

I'm more than willing to give you general information and analogies.

>> No.3622799

>>3622761
HAHAAHAHAHA thats me soon fuk my lifeeeeeeeeeeeeeeeeeeeeeeeeeeeee

>> No.3622800

>>3622115
You really aren't late anon. LINK is a fucking bargain right now.

>> No.3622806

>>3622795
I asked a very simple question and you linked me to the whitepaper. Have fun with your 0x vaporware.

>> No.3622809

>>3622761
stop complaining

buy link now and wait it out, and then you can say goodbuy to your lame as job

>> No.3622811

>>3622806
Stay ignorant and poor.

>> No.3622818

>>3622091
Everything is a meme. Your mistake was not realizing that the memes are real. Didn't you pay attention during the election?

>> No.3622825

>>3622811
Brah you can't even tell me how the coin works.

>> No.3622826

>>3622806
Just shut the fuck up and read it

>> No.3622827

>>3622656
it also locks up link in nodes similar how masternodes locking up coins. which means price should be more more + supply on the market should be lower.

>> No.3622830

>>3622720
>>3622781
>>3622806
>>3622825
If you don't want to read the whitepaper, you really shouldn't invest in LINK.
Go ask /g/ if you want the technical details.

>> No.3622833
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3622833

>>3622809
>>3622790
>>3622775

I have 15k USD to mess around with

How much ETH and how much BITCOIN would you recommend I buy? And how much ETH into LINK?

Please save me

>> No.3622835

>>3622827
more stable*

>> No.3622840

>>3622825
It's not a coin, it's a token.

>> No.3622842

>>3622826
>Oracle problem
>j-j-just read the whitepaper
It's pretty easy to spot this is just Pajeet tier FOMO going on when no one has an answer for this >>3622720

>> No.3622845

>>3622833
all into ETH
then all into LINK
gotta go all in for the big bucks

>> No.3622849

FOMOing really hard
S-should I go in with 1/4 of my portfolio?

>> No.3622852

>>3622825
You're two seconds away from reading all these threads about chainlink and a plethora of information on Google.

Seriously?
You shouldn't buy LINKs

>> No.3622854

>tfw I only had a few dollars left to put into LINK

>> No.3622858

>>3622842
It's pretty easy to spot that you are a low IQ nigger who can't read a whitepaper

>> No.3622860

>>3622852
You're invited to answer >>3622720

>> No.3622861

>>3622833

Dont listen to these bizcryptofags and regret later.

Put it all into Vanguard ETF and thank me later.

>> No.3622867

>>3622849
Do not fomo.
Do your research. Thoroughly know what you're getting into before you buy. This is not a pump and dump.

>> No.3622875

>>3622858
>>3622858
I hope there are people reading this thread and realizing how much of this is people buying FOMO.

>> No.3622891

>>3622875
And this is why I'm trying to advocate to not fomo.
I don't get why people are willing to buy things without thoroughly researching.

Mind you I'm all in on LINK but I've been watching and reading this since August

All this fomo is just going to cause price spikes from weak hands

>> No.3622899

>>3622875
Most people understand how this works by reading the general info like >>3622702

Most people also understand that it's their responsibility to research the details.
The value is in the functionality.

>> No.3622903

>>3622875
I actually read the whitepaper you fucking spaz

>> No.3622917

>>3622903
Lol reading yours answers tell me you are a low IQ burger who is fed up of lose all their money gambling shitcoins.

Is it true ?

>> No.3622924

>>3622917
How did you get that out of this man's four posts?

>> No.3622926

>>3622917
>Shills vanguard RTF
>Calls others low IQ
And no Pajeet I'm not a burger.

>> No.3622951

>>3622899
>>3622903
>"o welp, it's the oracle problem, reed the wite paper!"
Why can't either of you answer my question on the usage of your coin (it's a token, you dib!)? If you're going to shill, at least be convincing. You can't tell me the "technical details" for the usage of what is backing your money. You're a fucking idiot, please kill yourself.

>> No.3622958

How are you brethren storing your coins? I'm making a new wallet and I was wondering if anyone has suggestions.

>> No.3622978

>>3622115
saying you're late to the party would be like saying you missed out on ETH because you bought at 10$ and not at 1, wtf

>> No.3622982

>>3622958
yobit i send link token to esper wallet

>> No.3622983

>>3622951
Don't buy Link. Please
The usage is to pay node operators for compensation running trusted nodes.

2 seconds to read the white paper under token use.

>> No.3622986

>>3622951
The token is used to incentivize the decentralized network.

The token is there because ETH cannot directly interface with external Oracle data providers, and the ETH network would be overburdened anyway.
See https://blog.ethereum.org/2014/07/22/ethereum-and-oracles/ where Vitalik explains how the best Oracle solutions would be built on top of Ethereum.

The network is decentralized because this is a much more better solution than centralized offerings like Ripple, Reality Keys, Oraclize, ... for the same reason Bitcoin is decentralized.

>> No.3622997

>>3622983
You haven't read my other posts, even though I've already replied to you asking my question, check my ID. I already realize that.
>Don't buy Link. Please
Right now I don't really want to your shitcoin desu. You guys do a terrible job selling a product. Keep jerking off with your FOMO boys.

>> No.3623002

>>3622951
You've spent the entirety of this thread complaining how no one is answering your question when we're telling you where to look for yourself.

And why would you believe some anon on this thread of how the token works??
I could have just said it's used to pay ripple centralized servers and given you false info.

Stop asking to be spoon fed and please don't buy link period

>> No.3623009

>>3622951
LINK is the "road toll" / fee that organizations pay to the oracle node operators for using the SWIFT / SmartContract Oracles. The oracle nodes are just connection points that process and feed data to the blockchain from external APIs which could be anything that a business / organization might need. So for example flight data for a Lufthansa, so that if your flight is delayed by x hours, the smart contract automatically refunds x % of your ticket price. In the past there has been no way for the blockchain to interact with that external flight data, but ChinaLink changes that.

This question gets floated around a lot here, so you're free to use it as a pasta if you want.

>> No.3623011

>>3622997

We stopped fudding a few days ago you can get on board now

>> No.3623023

>>3622997
>Right now I don't really want to your shitcoin desu.

It's always a good sign when willfully ignorant money stays away.

>> No.3623029

>>3622986
Ok, I understand
>decentralized exchange
>oracle problem


You're building on top of Etherium, meaning anything you can do ETHERIUM can also do.

So, does it need --
a) GAS and LINK
b) LINK
C) LINK -> GAS

>> No.3623036

who gives a flying fuck what any of these tokens do THIS LITERALLY THE MEME MARKET and chainlinks got it all baby!

>> No.3623041

>>3623023
i agree whole heartedly. We don't need ignorant weak hands.

>> No.3623046

>>3622091
turns out OP is a faggot

>> No.3623056

>>3623029
really?

5.5 LINK token usage
The ChainLink network utilizes the LINK token** to pay ChainLink Node operators
for the retrieval of data from off-chain data feeds, formatting of data into blockchain
readable formats, off-chain computation, and uptime guarantees they provide as operators.
In order for a smart contract on networks like Ethereum to use a ChainLink
node, they will need to pay their chosen ChainLink Node Operator using LINK tokens,
with prices being set by the node operator based on demand for the off-chain resource
their ChainLink provides, and the supply of other similar resources. The LINK token
is an ERC20 token, with the additional ERC223 “transfer and call” functionality
of transfer(address,uint256,bytes), allowing tokens to be received and processed by
contracts within a single transaction.

that's from the whitepaper

>> No.3623066

>>3623056
Dude I already knew this, fucking lmao.

>> No.3623068

>>3623009
Lets take that flight example. Why use blockchain for any of it? Just write software that does the refund using the airlines database (this sort of thing already exists). No need for a blockchain. If a refund isnt issued when it should then customer complains and regulatory bodies blow them the fuck out. No need for a blockchain to "garentee" it. Id love someone to give an actual blockchain use case OTHER than a secured and decentralized method of transfering wealth. It doesnt exist.

>> No.3623078

>>3623068
>Why use blockchain for any of it?
Because the blockchain provides the ultimate decentralized proof.
Everyone who owns a copy of the blockchain is part of the proof.

This is precisely why the financial world is clamoring to adopt it in a meaningful way.

>> No.3623081

>>3623068

You can't spell for shit and this coin is being made to serve finance, while have other possible use cases.

You're either a dumb pajeet or a really skillful fudder

>> No.3623084

Tbh, i srly liked the Chainlink project and was one of the first ones who filled the pre-sale, but this shit on /biz/ now doesn't look comfy anymore. Way too much shilling and way too much weak handed normies in this.

>> No.3623094

>>3623029
You really don't understand the basics, do you?

Open whitepaper, ctrl+f, "gas"

>> No.3623099

>>3623066
then you would know that no where in that clause does it say it needs gas and link. Just Link tokens

>> No.3623103

>>3623084
Maybe you should try actually reading some of the threads instead of scanning for the FUD/FOMO balance.

Like >>3600793
and >>3611370

>> No.3623108
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3623108

>>3623094
1 result. This does not answer my question.

>> No.3623110

>>3623078
>>3623081
Again you havent said why you actually need a blockchain here. No one is going to dispute the flight data / times. These are already syncronised across multiple systems. It is a highly regulated thing. Blockchain "proof" is redundant here. Its ok though ill give you a chance to offer another example.

>> No.3623112

>>3623103
Boy, i am already in. But the FUD / FOMO balance is important to calculate the trend. You srly think anyone here right now wont sell the SIBOS?
Long term is a whole other story.

>> No.3623115

>>3623068
but that's the thing. All that software is centralized.

Remember the equifax hack? That's because it's centralized.

The key concept is having a decentralized approach to prevent shit like that

>> No.3623125

>>3623112
>You srly think anyone here right now wont sell the SIBOS?
I'm sure they will, but it's retarded.

SIBOS isn't some make or break unknown, we know exactly what is going to happen at SIBOS.

The only difference between pre- and post-SIBOS is how many people are aware of Chainlink.

>> No.3623137

>>3623011

> Don't drink the water anons, it's poison!
> Ok, sounds reasonable.
> Look at all the people dying, it's poison!
> Ok, got it. Poison water.
> Nah, just kidding. It's not really poison. Look at all the water here I've accumulated in my buckets. Go ahead, have a drink. You can trust me now because I have a lot of water.
> Nah, that's alright. Enjoy your poison water though. I'm going to go drink a soda.

>> No.3623143

>>3623108
It actually does, you just don't understand it.

It probably has a lot to do with the fact that you don't know the difference between a coin and a token, and haven't actually read the whitepaper entirely yet.

This is exactly why people on here are happy to provide general insights and context, but won't spoonfeed you the technical details.
Because once you try to explain one technical detail, you really have to explain everything around that technical detail for it to make sense.

>> No.3623144

>>3623068
>If a refund isnt issued when it should then customer complains and regulatory bodies blow them the fuck out.

This. This is why we need blockchain. You know most customers can't actually bother jumping through all the necessary hoops, the organizations don't want to deal with 90% bullshit complaints, there still needs to exist a huge personnel infrastructure to handle them and no two identical issues are guaranteed to have the same outcome.

You literally outlined your answer in your own question.

>> No.3623146

>>3623110
true they have spent lots of money on making those systems as robust as possible, but regardless its centralized and prone to being hacked.

the goal is to provide a trustless decentralized solution and that's what chainlink aims to do. do they need to adopt it now? no

but its a solution to provide your data to the blockchain to have it verified by everyone on it

>> No.3623151

>>3622761
Same, 28 looking old as fuck, have already quit the wage cuckeri. But live really small of, of my profits. Im just waiting now.

>> No.3623161

>>3623115
Yes but flight data does not need to be decentralized. The system already works and is heavily regulated otherwise it would be chaos and we would have planes colliding on runways etc. Also taking it further the data has to be put into the blockchain at somepoint which is always going to be from a centralised system. If data can be manipulated before going into the current system then it can be manipulated before going into a blockchain. All this is doing is moving the goal posts for where the real world data is put into the blockchain.

>> No.3623170

>>3623143
Right man, I've tried fishing an answer out of you for like 10 replies. It would have been much more simpler for you to have just answered me. But, here we are, still no answer except "Its in the white paper! just believe!"

>> No.3623183

>>3623161
You're right. Good post.

>> No.3623192

>>3623161
the flight data is a use case example. No one not even sergey is saying they'll adopt it.

"ChainLink bridges smart contracts to key off-chain resources like data feeds, legally binding e-signature and bank payments; allowing them to mimic real world financial agreements, for example: "

yes I agree with you right now the main use would be for banks, and that is exactly why swift invited sergey to demonstrate a working demo at sibos.

the key thing to take away is that chainlink isn't just limited to just the data of transferring wealth

>> No.3623197

>>3623170
You just posted part of the answer.
You just don't understand it.

And for me to meet your "explain it fully" requirement, I would have to explain a great many additional technical details. Even up to the very basics of bitcoin itself.

You have the basics of how it works, now dyor.

>> No.3623206

>>3623170
no one said its in the whitepaper just believe.
you're asking questions which a few individuals have posted and you're still asking the same redundant questions.

what have you not understood?

>> No.3623224

>>3623183
ah nm i get it... you're trolling us lol you're not that dumb

>> No.3623225

>>3623161
>but flight data does not need to be decentralized
The flight data itself is gathered off chain of course, the blockchain can't verify plane landings.
But the data is entered into the decentralized network for the contract to take effect.

That's the key: the contract is supposed to execute automatically. That's what a "smart contract" is.

>> No.3623226
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3623226

>>3623197
>>3623206

>> No.3623232

>>3623225
Just write software to do it then using the same data feed api. The more you think about it the whole eth ecosystem is just snake oil.

>> No.3623233

>>3622140
Buy as much ETH as you can
Send to Ether Delta
Go all in on LINK - Don't be a cunt and fuck up the buy order
Remove from ED and fap.

>> No.3623234

>>3623226
dude under link token usage it just says LINK tokens

do i really have to say the answer to your question is B

>> No.3623242

>>3623234
KEK.

>> No.3623261

So if I convert USD into ETH then i'll be able to buy this meme coin at 0.00066044 instead of $0.193603 USD? Is that because cyrpto is meme and fiat is... (((meme)))??

>> No.3623266

>>3623233
where would I keep it off of ED?
does MEW work?

>> No.3623292

>>3623261
well the buy price is between .0006eth-.0007eth currently so yes whatever fiat conversion that is to usd is between .18$ and .20$

if the price of eth rises compared to usd then the fiat value changes but not the price from LINK/ETH

so yes currency in general is a meme. We've assigned value to shit that really has no value, but we blindly do so because it allows us to buy shit that also has no value in the grand scheme of thing.

>> No.3623306

>>3623266
any erc20 token wallet. MEW works.
just add it as a custom token

LINK
contract address:
0x514910771af9ca656af840dff83e8264ecf986ca
Token Decimal: 18

>> No.3623317
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3623317

>mfw I was FUDing the hell out of LINK earlier to try and get it cheap.

Thanks to the weak-handed fagot who sold it to me at roughly ICO price.

>> No.3623335

>>3623292
and the only way to buy it in the first place is converting to ETH huh..

>> No.3623377

>>3623232
Why would you write software that is readily available?
Also, this is just one example with one data input.
A large part of the poind is to collate various data inputs to provide security and confirmation in the form of redundancy.
For instance: the more sources (nodes) tell you the plane was delayed, the more sure you are.

>> No.3623481
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3623481

>>3622978
I did that with BTC when it went to $30 and didn't buy. Worst decision ever. It's never too late to get in, new /biz/nessmen.

>> No.3623506
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3623506

pfft. still just BARELY above ICO price, LINK losers.

>> No.3623513

>>3623506
Wrong thread, sry.

>> No.3623522
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3623522

>mfw all we have to do is buy a respectable stack of chainlink and sit back on it for 2 years

this was it. we were all given a second chance.

>> No.3623535

so is the only way to by through converting this from ETH right? I can't just straight buy USD?

>> No.3623563

>>3623535

Turn back now you're too dumb for this

>> No.3623568

>>3623535
You need cryptocurrency to trade on cryptocurrency exchanges, just like you need fiat to trade on fiat exchanges. This isn't a hard concept.

>> No.3623590

>>3622875
The entire hype is built around the fact that they are presenting for 30 minutes at Swift's yearly conference.

Anyone who's ever frequented these financial conferences knows that they always invite a bunch of interesting speakers, 90% of whom nobody ever hears from again.

I want /biz/ to have their lambos, but I have a bad feeling about this shit.

>> No.3623596

>>3623535
This is what your shilling does, /biz/. A bunch of idiots who have no idea how this crypto market works, no idea what chainlink even does. You're inviting dumb money way too early.

>> No.3623603

>>3623596
And this is why Chainlink wont succeed. Already filled with idiots.

>> No.3623612
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3623612

>>3623522
>Poor
>Will basically just get enough money to play around with later
>Everyone else will be rich

>Will have to wait for the next "for sure thing"

>> No.3623629

What app is this, OP?

>> No.3623630

Still good time to buy?

>> No.3623655

>>3623630
Start thinking for yourself. What answer are you expecting? Everyone itt is shilling their bag, and at the end we'll be dumping on dumb money like you, claiming: Yes buy now, it's not too late.

>> No.3623657

>>3623590
The entire hype is surrounding the fact that chainlink has a working solution that swift is showcasing. There will be a pump leading up to it and a selloff afterwards. Because it's not as big of a deal like you said.

But the grand scheme of things is what will happen when it's in full bloom.

Think of everyone being surprised by ethereums hype up to 7$... We're still riding the ethereum hype at 300$ a year later

>> No.3623700

>>3623657
Yeah, except this is being built on top of Etherium, lol.

>> No.3623705

It is interesting that all people do is mention Sibos and SWIFT when the World Economic Forum said listed SmartContract by name as what they would consider to be the biggest impact in on blockchain and Bitcoin space 2 years ago.

Stay poor though.

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

>> No.3623717
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3623717

>>3623657
>>3623700

>Selling right after an event where Chainlink gains a ton of exposure

>> No.3623730

>>3623705
>2015
Still. Shiiieeeeeet that's some sweet endorsement.

Guess that endorsement is only relevant to us investors now, after the ICO

>> No.3623736

Please tell me it goes back to 15 cents..

>> No.3623756

>>3623730
These are fucking Jew shills on another level.

>As of 2011, an annual membership costs $52,000 for an individual member, $263,000 for "Industry Partner" and $527,000 for "Strategic Partner". An admission fee costs $19,000 per person.[17] In 2014, WEF raised annual fees by 20 percent, making the cost for "Strategic Partner" from SFr500,000 ($523,000) to SFr600,000 ($628,000).

>https://en.wikipedia.org/wiki/World_Economic_Forum

>> No.3623757

>>3623736

I think there is a solid chance haha especially if BTC takes some more beatings

I am in at .19 though so I hope not.

>> No.3623758

>>3623736
hovering right around 20

>> No.3623767

>>3623717

if you don't sell to catch the dip that the dumpers are going to create you're just dumb desu

>> No.3623874

>>3623630
>>3623655
Idk why anyone would be shilling their 2x ICO "bags" before this coin even gained any major traction.
Like someone said, /biz/ holds maybe 5% of all circulating coins. This is your chance to get in early, I don't have any sell orders up and don't see the point of selling this low, just 1 week after the release before any news were announced.
You do what you want. Personally, I just put in another $5k and bought someone's bag of 25k LINK. I'm officially all in.

>> No.3623891

>>3623767
Sorry, I'll follow logic instead.

SIBOS is about exposure, and nothing else.
SIBOS will showcase Chainlink to the financial elite and the world at large as SWIFT's golden child for smart contracts.

Selling after SIBOS would be like tearing up your lottery ticket after your numbers came up.

>> No.3623933

>>3623612
hustle my friend, the world is yours. Get out there make money

>> No.3623962
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3623962

>>3623705
>http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

fuckin hell I never saw this one, mind blown

>> No.3623980
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3623980

>>3623962
>technological tipping point

>> No.3624509

If LINK keeps growing like this but stays on etherdelta for the time being I won't even be mad.

>> No.3625061

>>3623962
We tried to tell you.

>> No.3625102

>>3622091
What? All this means is that it'll be a bigger meme.

>> No.3625108

>>3623962
The tipping point: 10% of global gross domestic product (GDP) stored on blockchain technology
Expected date: 2027
By 2025: 58% of respondents expected this tipping point to have occurred

2027, when SmartContract is the biggest player in an 8 trillion dollar plus market of smart contracts that connect world blockchains and industries together.

It ain't a lambo anymore but an estate that will last your family generations.

>> No.3625325
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3625325

>>3625108
I can see it already.
Fuck the lambo, god bless the estate

>> No.3625351

>>3622091
Who the fuck keeps doing these stupid fucking billion dollar transactions. STOP FUCKING UP MY BLOCKFOLIO REE

>> No.3625429
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3625429

>>3623980
>>3625061
>>3625108
>>3625108

Thanks for the shilling guys, I literally bought a 100k. Read the whitepaper, looked at the team... No way this thing doesn't go to 1$ a pop.

I genuinely want you all to make it.

>> No.3625469

>>3625429
>tfw only bought 10k at .15

i really hope we all make it

>> No.3625491
File: 137 KB, 800x712, 1497339538998.jpg [View same] [iqdb] [saucenao] [google]
3625491

>>3625108
and they said /biz/ only shills shitcoins...

>> No.3625512

>>3625491
Once in a while, anon.

Remember that bitcoin and ETH were shilled on 4chan to no fucking end when they were just coming out.

>> No.3625520

>>3625491
/biz/ shills EVERYTHING. For example when I bought Antshares at 2$, I went to biz and looked at the archives and saw a few thread about it. I bought a made a thread to shill, only got like 5 replies.
Point is, /biz/ shills everything

>> No.3625622

>>3622861
you only go into vanguard ETF if you have like $500k+ to invest

you're not going to get 20-50x returns on an ETF like you can on a shitcoin. I know so many guys who went from having $5k to $300k off crypto in the last ~2-3 years. That wouldn't be possible in an ETF starting with ~$5-10k.

Your advice is akin to telling a 22 year old to put his $10k into a retirement fund and let it sit there until he's 68 years old and live off the gainz, it's bad advice if you actually want to earn wealth.

>> No.3625625

Guys i dont understand something. Nodes will be rewarded to feed off-chain data to on-chain contracts. So this off-chain data will be confirmed by other nodes? How do you know the node provided the right data? And if they are confirmed by other nodes will they have to be rewarded too?

Can someone answer this please?

>> No.3625637

I want in, how/where do I trade my Eth for Link?

>> No.3625643

>>3625637
Mercatox or etherdelta

>> No.3625698

>>3625625
Pretty much exactly this. Instead of relying on a single, centralized oracle/node for external data, multiple sources are used to form a consensus on the correct data to feed the smart contract. Nodes will be competitors, but many high-value smart contracts will use multiple nodes to ensure validity of the data.

>> No.3625785

>>3625698
Yeah, also from the website:

>A bigger issue, of course, is the fact that our TTP for ORACLE is just an abstraction.
No service provider is unconditionally trustworthy. Even the best-intentioned
may be buggy or hacked. So there is no way to for a user or smart contract to have
absolute assurance that a service ORACLE will carry out its instructions faithfully.
ChainLink reasons about its security protocols in terms of this ideal functionality
ORACLE. Our goal in ChainLink is to achieve a real world system with properties
as close as possible to those of ORACLE under realistic trust assumptions. We now
explain how.
For simplicity in what follows, we now denote by CHAINLINK-SC the complete
set of ChainLink contracts, i.e., its full on-chain functionality (not just its interface
10
to requesting contracts). We thereby abstract away the multiple individual contracts
actually used in the system architecture.

So basically you still have to trust off-chain third parties? Isn't this defeating the whole point?

>> No.3625798

>>3625698
what i also like about that is, that a node is more reliable the more LINK they locked into it. so people who are really want to earn money with this shit will stake a lot of LINK, which makes the price more stable.
same as master node coins.

>> No.3625822

>>3625785
Company A wants this data -> Data Pool A provides that data ->Data Pool A sends data with various degrees of precision and set parameters to lessen the chance of edge cases -> profit

>> No.3625864

Can someone give a quick rundown on how to get my funds to ethdelta?

Exchange>MEW>ethdelta
Is that how you're supposed to do it?

>> No.3626323

>>3625864
https://www.reddit.com/r/EtherDelta/comments/6hrxjw/etherdelta_guides_for_first_time_users/

>> No.3626517

>>3623137
you come back from buying your soda, the water is now bottled and making a killing, while you are now poorer as soda is already so big its stagnated. Tears in your eyes, you buy the 150ml bottle for 10 bucks

>> No.3627017

>>3623084
Most of the LINKs are in whale hands biztard. Only $3m sold in public ICO.

>> No.3627090

>>3625429
>Prologue (ICO)
>Chapter 1 (SIBOS)
And $1 is just the beginning.

>> No.3627182

>>3627017
You realize that biz filled up multiple presale links, right? Our blessed Sergey allowed them all to get their LINK at the presale price, even though many of them went over the cap. Pretty sure we filled a 1500 ETH address and a couple 300/500's.

>> No.3627240

>>3627182
Yes I know so if biz got 3000-5000 ETH, that still falls way short of the near 100,000 ETH worth of link sold in just the presale.

>> No.3627322

>>3627240
You don't think other non-whales pooled to get into the presale?

>> No.3628131

>>3625698
This.
Ripple is getting rekt very soon.

>> No.3628234

>>3625785
>So basically you still have to trust off-chain third parties?
Yes, and that's why there are multiple nodes inputting external data.
It's a lot more advanced than that, keep reading.

>Isn't this defeating the whole point?
No.
The basic advantage isn't that the sources suddenly become more trusted (although that's part of it), the basic advantage is that the data that's input is processed into pre-set contractual actions and then recorded in a MUCH more rapid, secure, trustless, verifiable, ... manner.

>> No.3628257

>>3627017
>Most of the LINKs are in whale hands biztard.
It looks that way because of the tokens not put in circulation.

>> No.3628506
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3628506

>> No.3628539

Can you post in more LINK threads to dispel FUD? Your service is greatly appreciated

>> No.3628989

Where do you store Link tokens?

>> No.3629010

>>3628989
MyEtherWallet

>> No.3629035

>>3628989
Just send them to myetherwallet
It already has a spot for them.

>> No.3629497

>>3629010
>>3629035
ty senpais

>> No.3630373

back down the shitter it goes

>> No.3630482

>>3630373

kys