/biz/ - Business & Finance

[ITS HAPPENING No.49868413]

Bank of International Settlements lays out the future with crypto and CBDCs.
https://www.bis.org/publ/arpdf/ar2022e3.htm

[Anonymous No.49868517]

>>49868413
Fuck Jewcoin. I want my currency to be decentralized

[Anonymous No.49868527]

>>49868413
>OH MY GOD THE ADMINs RELEASED A NEW UPDATE ROADMAP
kill all of them

[Anonymous No.49868533]

>>49868413
oh wow exciting let me just put aside 5 minutes to read this and report back

[Anonymous No.49868544]

ctrl-f "oracle"

[Anonymous No.49868554]

>>49868413
never using CBDCs, fuck off

[Anonymous No.49868603]

token not needed

[Anonymous No.49868608]

oracles you say?

[ITS HAPPENING No.49868702]

>>49868554
Mate, you will, we all will and its going to fucking suck.
Everything has been heading in this direction for YEARS. I don't understand why people are surprised by any of this. Best thing you can do is position yourself to at least benefit from what our overlords are going to inflict upon us, since at the end of the day, money buys freedom in many regards.

[Anonymous No.49868721]

>>49868413
>https://www.bis.org/publ/arpdf/ar2022e3.htm
I HATE THE ANTICHRIST !
I HATE THE ANTICHRIST !

those faggot spiteful mutants were not bullied enough i highschool and now want to rule the world and enforce their neurotic control system upon us all. Just look at Table 1.

[Anonymous No.49868752]

>>49868702
If there is a will there is a way, i'm not surprised by this either, they have been talking about it for years, the BIS especially.
The best thing about decentralization is, you can't stop it once it's out there.

[Anonymous No.49868831]

>>49868702
Looks like they're engineering it so that no one but themselves will profit. They're not going to integrate any existing crypto solutions, they're going to use their own inhouse token with smart contract capabilities that will run on their own servers.

[Anonymous No.49868845]

And Linkies shall inherit the earth

[Anonymous No.49868855]

>>49868702
>Best thing you can do is position yourself to at least benefit from what our overlords are going to inflict upon us
Besides buying chainlink, how?

[Anonymous No.49868875]

Gonna run on Hedera with chain link integration

[Anonymous No.49868879]

>>49868831
Even if that ends up being the case, you can still put your money in the companies whom's solutions they'll be using. Crypto isn't the only method of investment mate.

[Anonymous No.49868897]

>>49868721
cope

This is happening, you will either be a linkie or nolinkie

[Anonymous No.49868932]

>>49868702
Blackpilled cuck. Grow some balls

[Anonymous No.49868996]

>>49868897
But I am already a linkie since 2019...
never sold a single link.
sadly only a 4 digit stack as I am a poorfag.

[Anonymous No.49869032]

>ctrl f chainlink
>0 results

[Anonymous No.49869153]

>>49868544
>>49868608
>>49868845
>>49868855
>>49868875
>>49868897
>>49868996
These fucking shill threads are sad as fuck and getting too obvious

[Anonymous No.49869272]

>>49869032
>ctrl f oracle
>8 results

[Anonymous No.49869320]

>>49868544
>"currently there is no way for oracles to be vetted"
its ogre

[Anonymous No.49869369]

>>49869320
>ctrl f: "currently there is no way for oracles to be vetted"
>0 results
fuck off

[Anonymous No.49869421]

>>49869369
ok nigger, in full text
Currently, there are no
clear rules on how to vet or incentivise oracle providers.

you stupid black gorilla jungle nigger

[Anonymous No.49869431]

>>49869320
>>49868544
>>49869272
>Currently, there are no clear rules on how to vet or incentivize oracle providers.
They are just starting to figure out the oracle problem. We are earlier than institutional banks.

[Anonymous No.49869491]

>>49869431
>sergey grovels at bank meetings for bigmacs and showing the same slides over and over and over

>banks after 5 years still aint buying his json parsing pump and dump bags despite floods of hr roasties tweeting bullshit

yeah I think its ogre.

[Anonymous No.49869674]

>>49869431
>incentivize oracle providers.
This sounds like a job for, Super Linear Staking!

[Anonymous No.49869697]

>>49869320
>>49869421
>>49869491
yes my basterd, very stiff competition from api3, band and mobius.. it's ogre

[Anonymous No.49869718]

>>49869491
>>49869674
Btw Citibank and BOFA both acknowledged the oracle problem and chainlink. This BIS bank is fucking retarded and slow.

[Anonymous No.49869741]

>>49868845
>Linkies
*quanties

[Anonymous No.49869771]

>>49869431
no they are spoonfeeding the public and the retards at the institutional banks on what to do
while you are ahead of the majority who work at the institutions you are not ahead of the institutions themselves

[Anonymous No.49870225]

WGMI bros

[Anonymous No.49870399]

Meanwhile, the company that built Cambodia's successful CBDC is now pitching their own $4 million market cap token as the CBDC for Sri Lanka following the collapse of the Sri Lankan rupee and /biz doesn't have a clue.

[Anonymous No.49870433]

>>49870399
checked. Name of company?

[Anonymous No.49870447]

>>49870399
/biz/ is a link, xrp, silver, stock market, BTC maxi and scamming board. Nothing else.

[Anonymous No.49870523]

>>49870433
https://sora.org/srilanka/
https://cointelegraph.com/press-releases/the-sora-community-invites-sri-lanka-to-adopt-xor-token-as-legal-tender

[Anonymous No.49870969]

Bis was doing some shit with Hedera. CBDCs will run on appnets using hts. Would prefer they ran on Hedera but still good.

[Anonymous No.49871119]

>>49869320
>>"currently there is no way for oracles to be vetted"
Holy fucking shit I refuse to believe we're literally this early.

[Anonymous No.49871200]

>>49868413
>Bank of International Settlements
>shills their cartel money

[Anonymous No.49871297]

>>49868413
HOLY SHIT XRP BROS THIS IS WHAT WE WAITED FOR

>>49869032
lmao still bagholding I see?

[Anonymous No.49871383]

NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER

[Anonymous No.49871415]

>>49871383
based

[Anonymous No.49871469]

how to profit from this

[Anonymous No.49871478]

>>49871383
Reminds me of the classic saying:
Niggers, Jews…
BAD NEWS!

[Anonymous No.49871516]

>>49868831
Programmed by who?

[Anonymous No.49871521]

>>49871469
buy ICP

[Anonymous No.49871672]

>>49868845
We were almost to the intl space station but our liftoff failed. Now we're back down to reattempt takeoff.

[Anonymous No.49873820]

>>49869431

Every central bank, BIS, and major banking institution is aware of LINK. They will observe the first few months of staking/CCIP and then announce their use.

[Anonymous No.49874010]

>this whole thread

[Anonymous No.49874059]

>>49871469
Buy QNT, they're all about the CBDC.

[Anonymous No.49874385]

The ONLY coin to EVER have been described as a wholesale CBDC for intrabank settlements by the BIS is XRP and linkniggers are in here thinking this is about them, when CBDCs has always been XRPs pitch since it’s inception.

[Anonymous No.49874726]

>>49874385
Did you read the report? Can you show me where it says they’re using crypto? Just says they’re using CBDCs

[Anonymous No.49874910]

>>49874726

[Anonymous No.49875160]

>>49868413
>it lacks a stable nominal anchor
No, BTC is as stable as gold. What is currently volatile is fiat, and fiat vs gold showed similar swings in Weimar inflation
What lacks stability is the CB Dollar, thanks to the CB.
>limits to scalability
No, Lightning Network
What lacks scalability is the dollar, which has been unable to keep up with technological changes
>crypto often relies on unregulated intermediaries
anyone can join any role in the network, it is entirely permissionless and relies on incentive rather than trust
What requires pure trust is the Central Banks.

[Anonymous No.49875207]

>>49875160
>btc is as stable as gold
KEK

[Anonymous No.49875249]

In the future i will only use runescape gp

[Anonymous No.49875306]

>>49875207
admittedly the transition to adoption causes big swings but once it has the USD marketcap such swings will become impossible

[Anonymous No.49875406]

>>49874726
Do you not see the image on the BIS report? Says wholesale CBDC right there.
Also it talks about cross boarder payments, and locked up liquidity and real time gross settlement which is exactly what the BIS is focused on and Ripple has been pitching for half a decade.

[Anonymous No.49875462]

>>49868517
Well nobodys asking you dimwit. Were gonna get CBDC's and that's that. Nobody can do shit about it

[Anonymous No.49875552]

Based. Chainlink will dominate in the future

[Anonymous No.49875558]

>>49875406
>wholesale CBDC
Yeah like project jura? Did they use xrp for that? This report at least mentions oracles. If you think wcbdc = xrp, why can’t linkers think oracle = chainlink?

[Anonymous No.49875775]

>>49875558
Because I’ve read it all the plausible oracle solutions including the ones from R3 Corda, hyperledger, overledger, and even ripple has been working on oracles with ripple liquidity hub, automated market makers and hooks. There is no BIS report on Chainlink, there is numerous reports on XRP and the XRPLs ODL which is XRP.
There is literally BIS working at Ripple and Ripple working at BIS and the fact that you niggers fud us to no end while completely claiming the world “oracle” as your very own bread crumb explosive to you when is pretty funny considering you have literally 0 BIS connections.
Stop making these threads and claiming it’s about you, it’s not. Your team has never and will never shake hands with these people.

[Anonymous No.49876157]

>>49875775
>Because I’ve read it all the plausible oracle solutions including the ones from R3 Corda, hyperledger, overledger, and even ripple has been working on oracles with ripple liquidity hub, automated market makers and hooks.
Cool, so which oracle project is currently poised to become a standard of sorts?
>There is no BIS report on Chainlink, there is numerous reports on XRP and the XRPLs ODL which is XRP.
Plenty of other reports that speculate enterprise adoption coming soon for many blockchain projects
>There is literally BIS working at Ripple and Ripple working at BIS and the fact that you niggers fud us to no end while completely claiming the world “oracle” as your very own bread crumb explosive to you when is pretty funny considering you have literally 0 BIS connections.
You sound upset.
>Stop making these threads and claiming it’s about you, it’s not. Your team has never and will never shake hands with these people.
Go back and read op’s posts, says nothing about chainlink or any other crypto.

[Anonymous No.49876416]

>>49876157
>Your project is unqualified
>>y-you sound upset.
Kek linkie look at the rest of the thread. Don’t care about OPs intentions, it’s the hivemind retards who I’m laughing at

[Anonymous No.49876623]

>>49876416
Where did I say xrp is unqualified? What if I told you I hold both xrp and link, because there are use cases for both.
>hivemind
Nice projection, you may go back to your containment thread now

[Anonymous No.49876731]

>>49874385

[Anonymous No.49876870]

>>49874385
Any "chain" will do, be it BTC, XRP, ETH, Corda, ... are you fucking retarded?


Also, the key here is oracles, without them blockchains cannot know the price of a fiat currency, and they also cannot be programmed through smart contracts.

[Anonymous No.49876882]

>>49870399
Sora? They made a grovelling ass-kissing post on their website asking Sri Lanka to adopt their currency lol, you make it sound like they are in talks with the actual government or something.

$900 per token in may last year down to $7 now with 0 volume, no wonder they are resorting to such desperate tactics, that shit is dead in the water.

[Anonymous No.49876985]

>>49869320
>4/9 multisig, basically all held by sergey
>sergey hand picks node operators for each DON
>sergey owns 530 million tokens
i just vetted this product and deemed it unworthy

[Anonymous No.49877036]

>>49876985
>>4/9 multisig
Tell us what the multisig is for, and how it's a problem.
Go on.

[Anonymous No.49877106]

>>49877036
smart contract (for example aggregatorV3 price feed's case) can be changed to execute any arbitrary code by one person

[Anonymous No.49877121]

>>49874385
no no no no, shut up
it's link, it was always link
stop it

[Anonymous No.49877129]

>>49877106
So who do you think has been adding changes like OCR, VRF, etc. to mainnet all this time?

[Anonymous No.49877172]

>>49868413
>Third are policies to protect consumers. While investors should be allowed to
invest in risky assets, including cryptocurrencies, there should be adequate
disclosure. This implies sound regulation of digital asset advertising by crypto
platforms, which can often be misleading and downplay risks. Practices akin to
front-running may require the deployment of new legal approaches.19 In addition,
decentralised platforms cannot, by design, take responsibility in case of fraud or
theft connected to the platform, eg as a result of hacks. This stands in the way of
providing incentives for the basic disclosure of risks and, as such, new approaches
may be needed.20 This logic also extents to the oracle problem. Sound regulatory
rules need to ensure that outside information is not manipulated.
This is pretty huge. They're going to make it illegal to purposefully misreport data as a data provider (not the oracle, though they may regulate them as well, but the data provider themselves, i.e. the company implementing the IoT device in a shipping container, the weather station recording and reporting sensor data and etc.), addressing the 'source of origin issue' in a manner aside from incentivizing new data providers via the market.

[Anonymous No.49877198]

>>49868413

[Anonymous No.49877201]

>>49877129
>one entity needs to have this power for them to be upgradable
complete non sequitur

[Anonymous No.49877212]

>>49875462
The eu demographic collapse will prevent it

[Anonymous No.49877293]

>>49877212
The US (Project Hamilton) and China (e-CNY) will adopt them regardless.

[Anonymous No.49877318]

>>49868752
They have root access to every modern cpu, decentralisation if it ever existed beyond the way democracy exists for us now, can be taken at any time they want. Nothing that is "secured" by an Intel et al mining operation is secured at all. I know it sounds black pilled but the NSA can do whatever they want with your computer and especially so if you're connected to regular internet with regular routers.

[Anonymous No.49877338]

>>49877201
Chainlink is open source, if you want to add your own changes you can just do that. God knows oracles like Band have been doing exactly this.
Most people however tend to stick with the developments made by the people who actually built Chainlink in the first place.

The whole multisig complaint is so retarded it's hard to believe anyone is bringing it up unironically.

[Anonymous No.49877359]

>>49877318
Open source TCP platforms will eventually be developed, but yes the NSA will be frontrunning any efforts for any existing platform in order to identify means of entry.

[Anonymous No.49877530]

>>49877338
>just copy paste the network effects bro
>it's open source bro
you just don't get it, many such cases

[Anonymous No.49877598]

>>49877530
lmao the network effects are there largely because people trust Chainlink more than some retard who copy-pastes Chainlink code and adds their own shit.
There's no way you're for real.

[Anonymous No.49877835]

>>49877293
China collapses before 2030 due to stagflation due to meassures like this

As for project hamilton it's literally more anonymous than btc for now.

And with oil going up 30% every year from now on the democrats won't win ultil 2028 ever again anyway, the cash economy will grow a lot the next year as gibs become the only solution the democrats offer to the crisis causing an inflationary feedback loop.

[Anonymous No.49878092]

>>49877598
ok you're just too much of a retarded gorilla nigger to realize i was alluding to your remark where you said "its open source bro, just deploy our own network bro"
done with you, good luck harvesting potato fields

[Anonymous No.49878401]

I seriously doubt they will be using anything that currently exists in crypto.
They say right here:
>The next section discusses the promise and pitfalls of
crypto and DeFi innovations. The chapter then discusses a vision for the future
monetary system, built on central bank public goods.
Built on central bank public goods. Not existing DLTs or tech.
Another thing. There are encryption protocols that are so good and so strong they are classified by the NSA. You think we use good encryption on technology? We use general public good enough but crackable by uncle sam.
CBDC will be uncrackable and the ledger will not be public. The network will be on its own layer the public cannot even access using encrypted tunnels the public doesn't even know exists.
We should have known. If we honestly thought we were going to be invited to bilderberg because we had 10,000 linkies or 100 million HBARs we should have known. The banking cartel of the world do not want to share anything with plebs.
Musk and Bezos are plebs oh yes they are you know why? Because they are dependent on money. The international bankers/Bilderberg group are not. They are the royalty of the world and money is simply a tool to subjugate the world.
They never needed money for anything, they have whole national armies under their control.
Ultimately they(Bankers/Bilderberg) are the physical will of their master.
Why this world is so screwed up and why they are hand chosen to rule is at Luke 4:6. That scripture is very literal. Jesus didn't call him a liar, he just refused to worship him because its the truth. Satan is the ruler of this world and he gives the power to whomever he wishes.
Everyone's worried about a recession, something far greater is coming.
and BTW 666 does not represent Satan himself, it represents his system of government, religion and commerce and how he cant get anything right. 7 represents perfection and 6 is lacking, and Satans world is 666. Really imperfect. Hes a failure.

[Anonymous No.49878633]

>>49868413
> graph 1
where is xrp? link? hehe

[Anonymous No.49878634]

YOU CAN'T STOP CRYPTO AND THE CYBERSPACE
]
READ THE SOVEREIGN INDIVIDUAL
]
THEY WILL TRY TO FIGHT IT BUT TO NO AVAIL

[Anonymous No.49879060]

>>49878634
We need an uninterruptable completely decentralized internet so that they would need to take down every single computer in the entire world.
Isnt that what ICP promises?

[Anonymous No.49879180]

>>49868413
>BIS
>Such a system can sustain a virtuous circle of trust
hah

[Anonymous No.49880145]

>>49877359
There's no real evidence for this being the case. The open hardware was needed before crypto was, when people look at their 180m USD worth of crypto vanishing because Mossad used the backdoor in their pc or phone hardware they'll care about it then, much good it will do them and it'll be too late for everyone else by then too.

[Anonymous No.49880299]

>>49874385
so the schizos were right?
it's gonna reach 2k isn't it

[Anonymous No.49880321]

>>49878092
The code is open source, the network effects are users “voting” for the system that is most beneficial to them.
The fuck is wrong with you.

[Anonymous No.49880363]

>>49878401
That's an awful lot of information to pull out of your ass in one sitting. You been developing this pasta for a while? It's not bad, though you can improve it by offering some even anecdotal evidence. Doesn't have to be real, just make something up, so long as it sounds convincing. A little more work, that's all

[Anonymous No.49881231]

This is huge for XRP. XRP will be the king because it will be used by the whole world for instant transaction with CBDC. It's literally the next world reserve currency.

[Anonymous No.49881341]

>>49878401
>I seriously doubt they will be using anything that currently exists in crypto.
You very well could be right. I'm more interested in the CBDC-adjacent space. All the things regulated financial sector will use to manage and process all the CBDC money, ie. LINK QNT. Then you have the ETH, SOL financial applications that will sit next to the CBDC.

[Anonymous No.49881363]

>>49881341
You do realize they will every country will have their own CBDC. XRP is the tool to transact with every countries CBDC.

[Anonymous No.49881369]

>>49881341
Retard

[Anonymous No.49881492]

>>49878092
You're the "retarded gorilla nigger" on two counts; First, you don't recognize the fact that the person you are replying to is pro-LINK and you are replying as if the comment is anti-LINK. Second, you demonstrate chaos inducing carelessness to your fellow marines by failing to recognize the above. Get your mental faculties in order.

[Anonymous No.49881569]

>>49868413
>Crypto which was founded upon the distrust of central banks grows into a $3 trillion asset class
>"ackshually, our central bank alternative is better and more stable hehe"

[Anonymous No.49881584]

>>49878401
One word : Interoperability. They'll have to use our Tinybars somewhere :)

[Anonymous No.49881831]

Daily reminder xrp and link were both 30 cents 4 years ago. Now one of them is 6$ while the other is still 30c.

This explains xrp bagholders seething at every opportunity

[Anonymous No.49881979]

>>49868413
ISO 20022 is the future. Get in now:
XRP
ADA
XLM
ALGO
HBAR
QNT
XDC
IOTA
And you better hold on to those Spark Tokens after the airdrop, son.

[Anonymous No.49882004]

CAINLINKBROS WE WOOON
LMAO GET FUCKED XRPSCIZOOS AHAHAHAHAHAHAH

[Anonymous No.49882046]

>>49881979
Yes
Lmao no
Yes
Yes
Yes
Yes
No needful sirs
No

[Anonymous No.49882084]

>>49882004
>>49881831
the real redpill is realizing that every other groups schizo narratives (gme, ripple) are actually and unironically going to happen for chainlink and this will result in a total severance from reality for these groups when it does occur.

[Anonymous No.49882514]

>>49882084
Kek deliuted linkcels. Not even INATBA members

[Anonymous No.49882539]

BiS will be replaced by Bitcoin.

BSV, that is. BTC is not capable. Like a lame dog.

[Anonymous No.49882857]

>>49882084
Gee I wonder what XRP would be if it were 1/100 of it's max supply. Couldn't be higher than Chainlink, no, that would be delusional.