/biz/ - Business & Finance

[Anonymous No.4268770]

If you're invested in Chink, shouldn't you also deffo be invested in Ether? Seeing as Chink relies on the success of Ether? Or am I not getting this.

[Anonymous No.4268934]

>>4268770
chainlink is an erc20 token, yes. but the product itself is not dependent on eth at all. chainlink oracles can be used with any API and therefore with any blockchain.

i think this is the greatest weakness of the chainlink token (not the network), because the network could function without the token. LINK has absolutely no use as of right now, which might be the reason that it's price is so low.

[Anonymous No.4268954]

>>4268934
is this why people are hyping the first project of 2018?

[Anonymous No.4268966]

>>4268934
how can a decentralized network function without a token? you just said it isnt dependent on the ETH blockchain right? so they cant just use Ether as an incentive.

Also you're wrong. LINK currently only supports Ethereum, Bitcoin, and Hyperledger blockchains.

[Anonymous No.4268972]

>>4268934
How are you going to have a trustless network without incentives?

[Anonymous No.4268980]

>>4268770
Wrong. ChainLink works with BTC and hyperledger and potentially other platforms like Neo and others.

[Anonymous No.4268983]

>>4268934
How do you incentivize anything without Link?

[Anonymous No.4269034]

if chinklink relies on ether then this is DOA

>sell your neos

[Anonymous No.4269065]

>>4268934
Wrong. The network depends on LINK just like you depend on your money for your weekly groceries. Users, running Smart contracts on their platform of choice (Bitcoin, Ethereum, Hyperledger currently supported with all the others coming in future) will seek trustworthy external data feeds to trigger events within their contracts. ChainLink oracle nodes will provide this decentralised, tamper-proof data. Users HAVE to pay for this data in LINK. That's the primary use case of LINK. It is the lifeblood of the entire system, utterly impossible to circumvent.

[Anonymous No.4269079]

>>4269034
so who again gives a fuck about underage autistic marxist money skellyfag who has no real world understanding aside from being billionaire because of some lines of code at the right moment before other people manged to write them?

[Anonymous No.4269141]

I love this argument
>hurr LINK is just a erc token, it cannot be worth more than eth

you brainlets don't understand how advanced the project is, is so well designed as if the God itself put his fingers to it.
LINK (the token) is just a payment method, literally doesn't matter if it's on eth blockchain or its own. Even if eth goes to trash, Sergey can create his own blockchain token and using a smart contract exchange all of the LINKS

[Anonymous No.4269158]

>>4269141
llol and then we lose all our links, nice one retard.

[Anonymous No.4269170]

>>4269141
>you brainlets don't understand how advanced the project is, is so well designed as if the God itself put his fingers to it.
it is well known that Sergey received divine inspiration to create this token. make no mistake, God himself is working through Sergey. He is merely the vessel through which our Lord operates.

[Anonymous No.4269177]

>>4269065
>>4268966
>>4268972
>>4268980

>what does 'as of right now' mean

what does the network need to run?
1. a working oracle that takes in external DATA and sends it to a smartcontract
2. at least 1 master node that verifies the DATA

both things already exist and there are guides how to set up your oracle or a master node on the test net. yet nobody is getting paid in LINK for running a node just yet. therefore the network CAN run without LINK.
of course the use of the token is to give an incentive to people to host master nodes, but this is not implemented yet, which means the token is useless as of right now.

[Anonymous No.4269235]

>>4269177
Pointless statement. That's like saying I can run a construction company without paying the employees.

[Anonymous No.4269266]

>>4269177
The only reason people are running nodes on the test network are to speed up the development of the main net and to get familiar with it.

[Anonymous No.4269284]

>>4269235
the absolute state of LINK FUDers

[Anonymous No.4269306]

>>4269177
> Hurr durr it doesnt need a token yet because the project is not completely finished
What is even your point? The same thing applies for majority of the crypto projects. Can you use your SALT, OMG, REQ, or Kyber tokens right now? By the time the platform is finished we would all be driving in fucking lambos. Thats why biz is offering you the chance to buy low for once.

[Anonymous No.4269356]

>>4269177
The network doesn't exist 'to function'. Your statement that 'the network CAN run without LINK' is trivial. Roads can exist without cars. They're still made for cars. ChainLink isn't made for node operators - it's made for smart contract users, who will pay the toll in LINK. You say LINK has absolutely no use right now - technically you are correct, but the statement comes across as 'there is no clearly defined need for LINK', which is horribly unnecessary FUD in a highly speculative marketplace. There is a need for LINK now, and it's the same as the 'need' for any other cryptoasset
- high demand for its use case in the near future. Investment.

[Anonymous No.4269409]

>>4268934
This

Utility tokens literally just exist to get early investors, which they did, and it's only value is you sell it for gains

Protocol tokens on the other hand, have an actual use in the ecosystem, which LINK isn't

[Anonymous No.4269435]

>>4269306
the double standards used to judge LINK are unreal

[Anonymous No.4269603]

I'm going to shill this shit because I fucking love my Trezor. Never worrying about malware stealing my hard-earned crypto is amazing. If you have more than $10k in crypto, don't be cheap. Get a fucking hardware wallet. Not to mention its buttons are easier to press than that fucking stupid Ledger Nano S.

[Anonymous No.4269635]

>>4269603
ohh shit wrong thread.

[Anonymous No.4269659]

>>4269603
Enjoy your factory made chink backdoor that will rape you when crypto go mainstream

[Anonymous No.4269707]

>>4269435
people are so bored knowing that they're going to make it they just fud

[Anonymous No.4269714]

>>4269435
you just know its going to be huge when people are trying to FUD this tirelessly like absolute retards for no reason because deep down they already subconsciously know they are making a mistake by not investing thus getting increasingly nervous about being too chicken shit to grab the opportunity when it presents itself right in front of them and hold onto it for a while.

[Anonymous No.4269739]

>>4269177
How the fuck does the master node verify the accuracy of the oracles data??

[Anonymous No.4270589]

>>4269739
It doesn't, they fell for meme buzzwords and think it makes the oracles decentralized