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/biz/ - Business & Finance

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51482057 No.51482057 [Reply] [Original]

https://blog.chain.link/undercollateralized-lending-teller-deco-poc/
Fuck off trannies, this is biz related.

>> No.51482077

>>51482057
Dumping back to 6.66 faster than you can say shemitah

>> No.51482080

>>51482077
Eat my smelly balls you faggot.

>> No.51482088

token not needed

>> No.51482092

>>51482057
is 10k LINK and 1 BTC enough to make it?

>> No.51482108

>>51482080
8 was too obvious faggot stay cucked

>> No.51482114

>>51482088
There isn’t a single cryptocurrency that’s actually needed

>> No.51482134
File: 451 KB, 512x512, 868597751_pepe_the_frog_reading_the_holy_bible_drawn_simple_style.png [View same] [iqdb] [saucenao] [google]
51482134

>>51482108
i-i-it's over

>> No.51482152

>>51482077
Oh and fucking 77s checked

>> No.51482164
File: 7 KB, 228x221, itsover.jpg [View same] [iqdb] [saucenao] [google]
51482164

>>51482057
It's over bros, staking is coming to Chainlink very soon and the price will go to $1000. Linkies will inherit the world and have a huge stake in the New World Economy. We just couldn't stop them from making it and now we will be their slaves. Ii-i-it's over..

>> No.51482170

>>51482092
By 2030, you’ll have a couple hundred million $ if you manage not to sell on the first big pump in the next couple years.

>> No.51482192

>>51482170
>sell big pump for Bitcoin and ETH
>sell Bitcoin and ETH during the next bull
>buy more link a year into the next bear
EZ

>> No.51482331

>>51482057
Elaborate then instead of highlighting shit you think is important and putting no case forward. Educate these tards if you bother to post in this shithole anymore.
Why is this important? Why LINK specific?
>"hurr no spoonfeed"
>still insists on a thread
Fuckin LINK pseudies.

>> No.51482369

>>51482331
overcollaterized lending is the problem in defi right now. it will basically allow tradfi to happen on chain

>> No.51482375
File: 345 KB, 1761x463, meanie.png [View same] [iqdb] [saucenao] [google]
51482375

>>51482331
>he has only now figured out that eveyr LINK thread is just a shitposting excuse

>> No.51482417

>>51482375
Kekked at the image
But the point is not lost. LINKies are masters of hot air

>> No.51482424

>>51482331
Okay deco is basically a way to verify off chain data without putting the data on chain and putting some kind of threshold to check for…. What does that mean? It means if I want to give OP a faggot nigger 10k usdc to buy a house, I need to make sure he’s not black but I don’t want to reveal his race. I just need to know he’s not black. So I set not black as my parameter and the bank api somehow encrypts his race, the oracles check it, and verify he’s not black without putting it on chain which means it won’t be revealed. Hell I don’t even need to know it’s OP. It could be an anonymous address that is requesting money and it won’t matter. If he passes the not black test he can get a loan.

You want a better answer? Read the fucking Twitter post you lazy cunt. They literally describe it in like five paragraphs

>> No.51482446

>>51482057
>A PROOF OF CONCEPT

>> No.51482465

>>51482057
Why was this thread pruned last time. Seems really odd

>> No.51482545

>>51482424
I couldn't give a flying fuck, you dumb cunt. The point is posting every vague retarded fucking tweet and insisting in OP that everyone should give a shit is obnoxious. No one cares about your buzzword undelivered shit.

>> No.51482581

>>51482369
>overcollaterized lending is the problem
>being able to sell you and your kids future is what we need
Na fuck this shit, hopefully the unpayable debt scam ends with crypto

>> No.51482733

>>51482057
Seems silly for retail investors, how would it work in practice
>I deposit magic internet coins on Aave
>Aave talks to an Oracle which informs Aave I have a house and £55k in my Bank Account
>Aave lets me borrow more money for shitcoin gambling

How do you have any firewalls in place between sectors in the event of mass liquidations. It would be like if everyone had borrowed money to buy Coins in the last cycle. Also imagine events like the Luna Terra collapse but with Over-collateralized lending in place.

>> No.51482774

>>51482369
How does proving zomeomeuhas x dollars on their bank account if you can't enforce on chain liquidations of collateral?
There are no courts or insurance on chain
This doesn't seem to fix anything

>> No.51482813

>>51482331
>instead of highlighting shit you think is important
I originally posted the OP screenshot in another thread to compare Chainlink's DECO vs Oasis Rose's Sapphire paratime. The reason I highlighted the "undercollateralised lending" is because it's a major selling point of the Sapphire paratime, so I was wondering if one made the other obsolete (Chainlink DECO vs Sapphire paratime).

>> No.51482857

>>51482057
Stop flooding the catalog with this shit, you're not getting me to buy your scam

>> No.51482877

>>51482545
You can’t be spoon-fed iq points.

>> No.51482888

Obligatory OP is a KuK

>> No.51482890

>>51482092
yeah probably

>> No.51482920

>>51482857
Suck my cock, jew.

>> No.51482934

>>51482465
because there is already an active thread about it from yesterday newfag
>>51469139

>> No.51482969

>>51482057
so let me get this straight. theyre going through all this trouble. building this big rube goldberg machine of decentralization. so that they can verify some off chain number a bank tells them? lol. lmao even.

>> No.51482999

>>51482969
You got a better idea that maximizes privacy while being accurate and somewhat fast?

>> No.51483078

>>51482057
>and the proof of concept
Fuck off

>> No.51483131

>>51482999
Checked.

>> No.51483356

>>51482969
That's what hybrid smart contracts are, this will allow literally any off-chain information to be accessible in a privacy-protecting manner by smart contracts, triggering the 4th industrial revolution. This will change the world as the Internet has over the last 30 years, but on a 100x bigger scale and much more rapidly. The next 10 years will be a rollercoaster like nothing else in history. Very few people understood this 4 years ago (but many did, for whatever reason this board was one of very few places where discussions about this took place), ~2 years ago the "leaders" of the world realized what's happening (largest corporations, policy makers, that's why literally all central banks in the world started working on CBDCs and all large corporations started investing in web3 R&D), this year most senior people in tech already know what's up, we're probably 12-18 months from main stream media catching on. Some people would say we're still early, but I don't think so, I feel like the singularity is just around the corner with all pieces coming together (blockchain tech, oracles, also ML/AI).

>> No.51483395
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51483395

>>51483356

>> No.51483472

>>51483356
we havent seen shit yet. you are right things will get insane.

>> No.51483499

>>51482057
Holy shit I don't think most anons realize how huge this is for Defi and Chainlink.

>> No.51483735
File: 128 KB, 983x1146, 1571595388962.jpg [View same] [iqdb] [saucenao] [google]
51483735

>>51482192
It sounds EZ but I truly believe there will one day be a switch flipped for LINK eventually where it will just go up.

>> No.51484914

>>51482424

This reminds me of the pasta where the guy said he FUDs LINK so black people don't buy kek

>> No.51485020

>>51482057
Wtf is chainlink trying to redo 2008?

>> No.51485111

>>51482152
>checking his own post
Christ just kill yourself tranny.

>> No.51485877

>>51485111
kek and checked you faggot

>> No.51485889

>>51485877
c-checked, AGAIN!

>> No.51485930

2017 shitcoin. No one wants to buy your bags.

>> No.51487894

>>51482170
checked GOYish opinion

>> No.51487957

>>51482417
Yes, I will use my link fortune to develop and manufacture luxury airships.

>> No.51487977
File: 428 KB, 334x739, 1614703239764.png [View same] [iqdb] [saucenao] [google]
51487977

>>51485111
blessed digits

>> No.51488114

>>51482152
>Checking your own post
y i k e s

>> No.51488134

>>51487977
Checked.

>> No.51488204

>>51488114
Checked

>> No.51488715

>>51482152
Pretty cringe ngl

>> No.51488787
File: 41 KB, 798x644, 1641598919662.jpg [View same] [iqdb] [saucenao] [google]
51488787

>>51482152

>> No.51488806

>>51482092
this is my goal, im so sad i sold my 10k linkies at $1. I bought at $0.17 or something, thought i was baller at the time. i just want a whole bitcoin then I'll stack my stinkies again

>> No.51488825

>>51482375
I hope the person he’s talking about dies a long excruciating death.

>> No.51488923
File: 39 KB, 750x710, gatolol.jpg [View same] [iqdb] [saucenao] [google]
51488923

>>51482057
> DECO
yeah now do mixicles lmao

>> No.51489376

>>51485930
>Mark Cuban does not want to buy unless it's at a significant whale discount
ftfy

>> No.51489614

>>51484914
Lol that wasn’t really a pasta lol. And that was like 2 years ago.

>> No.51489622

>>51484914
I think I said something like… people FUD for all sorts of reasons but I FUD so black people dont buy…I don’t care if it goes up now or 5 years from now and something with pork rinds

>> No.51489631

>>51488806
How many link you got now?????

>> No.51489650
File: 69 KB, 800x533, haridwar-india-nov-unidentified-homeless-pajeet-sleeps-sidewalk-near-river-ganges-november-haridwar-india-poor-indians-flock-to-29826001.jpg [View same] [iqdb] [saucenao] [google]
51489650

>>51489631

>> No.51489655

>>51488806
Post the txn or LARP

>> No.51491199
File: 29 KB, 450x450, laughingcheeta.jpg [View same] [iqdb] [saucenao] [google]
51491199

>>51489622
>something with pork rinds