Connecting digital islands: CBDCs

[Anonymous No.53005787]

Some anon here asked for the report >>52999596

PDF can be downloaded here: https://files.catbox.moe/9lenly.pdf

[Anonymous No.53005807]

>>53005787
You rule, thanks so much. Have a blessed day.

[Anonymous No.53005826]

ctrl f chainlink 0 results.

[Anonymous No.53005837]

>>53005787
>interlink
fucking really? Do these people add shit in movies for giggle?

[Anonymous No.53005903]

>>53005837
Ahh ha, they do see chessboard. Please handle the tomato firmly.

[Anonymous No.53006014]

PKI is "public key infrastructure", attaching identity attestations to messages a la Docusign.

[Anonymous No.53006059]

This sounds a lot like DONs

[Anonymous No.53006063]

And this sounds a lot like node operation

[Anonymous No.53006071]

>>53005787
Dude, you’re a badass. Bump

[Anonymous No.53006091]

So the "Connector Gateway" is a chain agnostic, messaging standard agnostic protocol that can talk across DLTs and also communicate between DLT and non-DLT platforms...

[Anonymous No.53006144]

DLT based CBDCs sending PKI (public key infrastructure) based messages across DLT platforms and on/off DLT using messaging smart contracts.
You guys realise that a few years ago none of this terminology was used in this context. This "interlinked" (ahem) approach to CBDCs is all predicated on the technology stack (smart contracts, public keys, DLT) that we have been talking about for the last 5+ years.

[Anonymous No.53006164]

>>53006091
>>53005787
CCIP is coming in the next 2 or 3 months, isn't it? What effect do you think this will have on the Link price? Low triple digits? More?
Sorry this seems money obsessed but things are getting tight around here and I've been waiting a loooong time lol

[Anonymous No.53006175]

SWIFT at SmartCon said that they were in the process of a Proof of Concept with Chainlink.
Then they release a document laying out that their (very successful, scalable) 2022 work on interlinking CBDCs is through the use of DLT, smart contract messaging, and PKI.
Worth noting is the status of "central bank regulator nodes" who will act as gatekeepers to the SWIFT network and ensure that any messaging heading out into SWIFT has been vetted for AML/fraud/all the usual regulatory stuff.
Merry Christmas anons. Huge thanks to OP for sharing.

[Anonymous No.53006178]

>>53005807
Ty anon
Bless you

[Anonymous No.53006325]

>>53006059
>>53006063
>>53006091
>>53006144
>>53006175
Thank you very much for the effort anon. It’s nice to see people doing DD in this day on /biz/.

[Anonymous No.53006326]

https://www.r3.com/press-media/r3-launches-universal-corda-settler-application/

kek, hope you have your bags packed

[Anonymous No.53006351]

>>53006326
It’s about Link you silly goose

[Anonymous No.53006390]

>>53006351
most certainly is not, as you can see the info OP is linking is specifically mentioning what networks it has tried. Those networks, have ties to one major token...XRP. You have to realize, XRP is not the only part of that ecosystem. Flare is there too and can do everything CCIP can do but better and cheaper. XRP already has backing from all over the globe for adoption of its system. Why do you think Flare has been delayed so much? The big tell from the info is that they talk about private vs public ledgers. Do you know what crypto system allows for a private and public ledger to utilize the same gas tokens and be interoperable without any other system? The XRPL. They were designed with this in mind, to allow banks to run their own private ledgers which can connect to the public. This way interbank transactions are private while intrabank transactions are public.

[Anonymous No.53006422]

>>53006390
also, pay attention to what kind of focus the companies have. Ripple is focused on financial transactions and settlement, the actual moving of money. What does chainlink focus on? Data, plain and simple, they create data about the state of things. So while I believe that XRP will eventually be the settlement layer, I 100% believe chainlink will be the data relayer for things. Think, retail price feeds that connect to a global database.

[Anonymous No.53006426]

>>53006390
>MUH THEYRE GONNA USE EX ARE PEE

[Anonymous No.53006443]

>>53006426
nice info there. How about you use your language skills and come up with a coherent retort. It would help if you dug up the old XSG threads and looked through the extensive DD that has been posted there. XSG has called out what is going to happen and has yet to be wrong. Every sign points to XRP, not chainlink as the settlement layer.

[Anonymous No.53006454]

>>53006422
> What does chainlink focus on? Data, plain and simple, they create data about the state of things
You have zero idea what you’re talking about and it shows. Don’t worry though 2 more weeks until the lawsuit ends and your bags go to $37500 right??

[Anonymous No.53006486]

>>53006443
hahahaha

[Anonymous No.53006498]

>>53006443
You should look into all the types of services Chainlink offers and put them together and see how collectively it could be used when connected with the real world as well as crypto. I’m 99% sure you won’t understand it and be able to think critically as you fell for a literal midwit trap, but I try.

[Anonymous No.53006582]

>>53006498
everything chainlink offers is about data. Look at the product offerings on their page https://www.chainlinkecosystem.com/
"data feeds" "VRF" "automation" "proof of reserve" Its all about data. Whereas everything ripple does is about settlement. What is important for CBDCs, why has BTC been states as not being feasible for POS transactions? It has to do with settlement. What do you think banks would rather use, a data supplier that happens to be able to settle payments...or a settlement layer designed specifically to make sure payments settle atomically....that word is another giveaway. Guess who talks about their payments settling atomically as a main feature....you guys might want to read the report and reframe your thinking.

[Anonymous No.53007001]

>>53006498
>You should look into all the types of services Chainlink offers
Most of those projects are wastes of time from a philosophy student who has no idea what he's doing.
>how it could be used when connected with the real world as well as crypto
Its an ERC10 shitcoin. Its not built to handle peer to peer transactions and settlements, at most it can work in the backend to connect the blockchains that CAN handle the peer to peer transactions.
>midwit trap
If anything XRP attracts the biggest retards and the smartest people. Its Chainlink that attracts the midwits with the usual 'Code is Law' midwit arguments Sergey keeps Basedjaking over.

[Screencap this arrogant bastard No.53007048]

>>53006351
>>53006426
>>53006454
>>53006498
When the inevitable comes and I hope you know you deserve every bit off it.

[Anonymous No.53007225]

Sounds like an interoperability protocol across different chains, as if they are linking the chains together, a chain link

[Anonymous No.53007234]

>>53005787
https://www.cypherium.io/chainlink-collaboration/

[Anonymous No.53007243]

>>53007234
https://www.cypherium.io/digital-currency-interoperability-framework-dcif/

[Anonymous No.53007251]

>>53006326
>https://www.r3.com/press-media/r3-launches-universal-corda-settler-application/
This is over 4 years old ffs anon lol
The state of xrp shills

[Anonymous No.53007252]

>>53007001
Nice 2018 fud you got there.
>>53007048
I also wonder how I will handle becoming an oligarch from middle-class origins. I do deserve it to farm the retards such as yourself.

[Anonymous No.53007258]

>>53007243
https://www.bostonfed.org/news-and-events/news/2022/12/project-hamilton-boston-fed-mit-complete-central-bank-digital-currency-cbdc-project

[Anonymous No.53007271]

>>53006582
>Banks and insurance companies can’t use proof-of-reserves to give their clients piece of mind because, well because they just can’t okay its just DAYTA

[Anonymous No.53007426]

>>53007251
and? It doesnt change the fact that r3 and ripple work together. The fact that it is old should be a good indication that they have been working on something big in the background together.
https://finance.yahoo.com/news/ripple-partner-sbi-holdings-begins-132054401.html?
Even one of the main banks that has been utilizing XRP for a long time has utilized R3 for things. You should pay attention to whos already using what for its intended purpose. Theres so much more out there, you just have to actually be intelligent enough to use google.

[Anonymous No.53007443]

>>53007271
the fuck are you talking about, thats literally exactly what chainlink is for. For passing data along....literally thats its intended purpose. Not transferring money. Sure being able to see POR for my bank is nice...but I would much rather be able to transfer money in and out efficiently.

[Anonymous No.53007448]

>>53007443
even CCIP is a messaging system(data) that still requires there to be blockchains that it can connect.....

[Anonymous No.53007543]

>>53007426
In case you missed it >>53006426
For the record, I have done plenty research and it's pretty clear to me Link has more chance of being used by Swift than xrp. If I thought otherwise i'd be invested in xrp, but i'm not. Perhaps both will be used, but I know which I'm going for. Link also has more potential for reward. Xrp notsomuch.
I honestly think many xrp shillers are actually Link fudders trying a different approach. makes sense.

[Anonymous No.53007609]

>>53006164
Yes, around the time the digital dollar pilot ends. The participant banks are flush with link connections btw.

[Anonymous No.53007764]

>>53007443
1. You are VASTLY underestimating the value in data
2. Chainlink does MUCH more than data, it is literally going to connect all the chains together and THEN connect them to the real world so Crypto actually becomes useful instead of the casino it currently is. I’m not even talking shit on XRP but I’ve talked to legit bankers on this board that think it’s useful but never going to see a major rise in price. Chainlink needs to see a rise in price for collateral when we connect the “data” to the derivatives market. Think about what happens to the price of LINK when people need collateral for a 10 billion dollar bank transfer and 95% of LINK is locked up in other smart contracts. Think about the collateral necessary for quadrillions of dollars in transactions.

[Anonymous No.53007877]

I highly recommend that people actually read through the document that OP shared.
The very short summary is this:
SWIFT has laid out three potential approaches to a multi-CBDC future and how they will interact. The first one was a proof of concept they finished in 2021. The second one is the proof of concept that they have just finished.
The second one is 100% the Chainlink based approach. All of the language about flexibility, about inter-DLT and DLT-off chain, about smart contracts, it's all exactly what Chainlink have laid out. It has been a total success and it has advantages that the other two approaches do not.
BUT it's likely they will still do a test run for approach #3 next year. It would make sense that they'd attempt a serious proof of concept of all three possible structures (unless #2 has been such a success that the other two are lip service).
If they do go for a solution #3 PoC, it might be XRP based, I don't know. It lays out everything running in a unified environment, unlike Chainlink which is all about intercommunication between disparate systems.

The super tldr is that this document is almost incontrovertibly the Chainlink PoC with SWIFT, and it has been a huge success, but does not guarantee beyond doubt that Chainlink will be the final adopted solution.

[Anonymous No.53007918]

>>53007877
checked but what if they just ripped off chainlink with thier own pozzed version SOORRY POOORS YOURE NOT CERTIFIED

[Anonymous No.53007990]

>>53007764
Yes, yes SWIFT needs to get in bed with shady nodes, LinkPooler validators and parasitical rentseekers, we've heard this spiel before. Like that solves their perceived problems. Best of luck, thanks for playing.

[Anonymous No.53008202]

Threads like this remind me of 2018 good vibes before ChainLinkGod turned to the darkside. Many anons dont know this but ChainLinkGod was ackually the frog version of bAssMaster the original trip name of MathBlaster who became AssBlaster after being BTFO by some based crack addicted niggers who used to post on /biz/ circa 2018. Thank you ChainLinkGod based king
>chainlinkgod for nigger smartcon23 #killallniggers #basedking

[Anonymous No.53008361]

Cypherium a good play?

[Anonymous No.53008381]

>>53007990
See
>>53007877
It’s definitely about chainlink, and at best MAYBE partly about XRP. Now cope, seethe, and dilate.

[Anonymous No.53008425]

>>53007877
They mention in the report that Project Dunbar along with other experiments were trialed for model 3. Dunbar incorporated R3 Corda and Quorum. The problem I see with utilizing SWIFT is that it may still cause a rift between G-10 Banks and BRICS nations. There would still need to be some sort of agreement, something trustless, that could allow for a system that no longer allowed for US sanctions. Just my take on it, but I think ultimately the 3rd model is most likely going to be the winner eventually.

[Anonymous No.53008431]

>>53008425
The only option is Link you dumbfuck. Truth>trust. Sergey follows no one nation he follows the cube

[Anonymous No.53008441]

>>53006059
>>53006063
>>53006091
It could say chainlink dons but it wouldn’t fucking matter cause the tech is still years away from being in beta

[Anonymous No.53008455]

If you post based chainlinkgod more than three times in a breadie the thread is locked by the JEWs and you will be shadow banned. You posts will not appear in the thread
4chins is literally kiked by paid marketing clowns. Merry Christmas faggots the internet is not dead but it is just feedback loops to rob you of your money. Fuck Sergey for ruining /biz/. Fuck Rory for being shit at his job. Fuck ChainLink for not creating communities elsewhere. Fuck them for infiltrating /x/ and /pol/ with their paid esoterica. Fuck 42 for killing the mysteries. Merry Christmas and fuck all of you niggers RIP LINk. There is no amount of weight lifting that will protect you from the Rektoning. It's coming for you

[Anonymous No.53008463]

>>53005787
holy basedo king thank you chainlinkgod

[Anonymous No.53008472]

>>53005787
CHAINLINKGOD SAID NIGGER ON TWITTER!!! thank you based king

[Anonymous No.53008481]

>>53006390
Where is xrp poc? When did swift rep go on stage at xrp con. Stop being stupid

[Anonymous No.53008485]

>>53008425
And I can’t recall exactly, but I saw that if Saudi Arabia, along with a few other nations do join BRICS, they will makeup something like 42% of global GDP and over 50% of the worlds population. Now I know that Saudi Arabia ditching the US is iffy, but if it does, the US petrodollar is going to shit the bed so fast it will be truly astonishing. No more global reserve currency status for the US. Truly interesting times.

[Anonymous No.53008496]

>>53008431
You’re too emotional. We’re all just betting on who will be comfiest slaves anyway. Lighten up a bit, and enjoy the ride.

[Anonymous No.53008532]

>>53008496
I hold both XRP and LINK but I choose team Link when arguing with anonymous people online.

[Anonymous No.53008537]

>>53008532
>team
niggers tongue my anus

[Anonymous No.53008542]

>>53008537
Interesting, please tell me more

[Anonymous No.53008549]

>>53007877
Figure 3 and 4 look like 10-15 ccip interactions per cross border or cross cdbc/silo transfer
Maybe thats why they hinted ccip would be a cash cow

[Anonymous No.53008554]

>>53008542
ChainLinkGod knows everything bro he is the based king. The internet revolves around based king ChainLinkGod

[Anonymous No.53008563]

>>53008549
>cash cow
just like VRF was a (((money printer)))???
Just tired of this masonic grift. Fuck you and Fuck ChainLinkGod.

[Anonymous No.53008568]

>>53008532
kek well played. I know I should, but it’s just something about the cube man…I just can’t bring myself to do it.

[Anonymous No.53008615]

>>53008563
>Fuck ChainLinkGod
Stay mad Chud

[Anonymous No.53008629]

>>53008554
this. Like Share Comment on ChainLinkGod on Twitter. OKLG Basedo

[Anonymous No.53008639]

>>53008629
I just liked over 9000 ChainLinkGod tweets. You should too. thank you based King

[Anonymous No.53008647]

>>53007225
Quant network's Overledger, dumbass stinky linky

[Anonymous No.53008707]

Is this the ChainlinkGod I has been hearing so much about?

[Anonymous No.53008718]

>>53008707
Yes ser welcome to the chainlinkgod

[Anonymous No.53008746]

Based ChainLinkGod thank you king
This is just like 2018! Ticker Five years later (LINK) feels like time unwasted! Basedo and finrekt level link marine pilled
I hope Rory dumps more LINK to send us all #MERCH

[Anonymous No.53008765]

WELCOME TO THE CRUMB ZONE
ONLY CRUMB INSIDE ANIME GIRLS

[Anonymous No.53008807]

>be me
>edge to crumbs for five years
>try and enjoy Christmas eve from my cardboard box after showering at the gym
>another stink edgefest scam
fuck this shit I have to go and dig my christmas fest outta the dumpster fuck you scammers

[Anonymous No.53008820]

>>53008746
>I hope Rory dumps more LINK to send us all #MERCH
I got mine after I posted some bs on Twitter about LINK while high af lmao seeth

[Anonymous No.53008840]

>>53008807
STFU YOU DUMPSTER DIVING PIECE OF SHIT

[Anonymous No.53008875]

>>53007764
there absolutely is value in data, but data feeds are not what settles money. XRPs entire business model is settlement. Why would someone go to a data feed provider and have them handle insane sums of cash? It makes little sense. Like I keep mentioning, there are far too many finance connections that ripple has that point to massive adoption to discount and ignore it. I just am at a loss though at how everyone decides to build a tribe around their token and act like it can do literally everything. You should take it as a clue that corps and financial institutes have 0 consensus on what chains they are going to use. If they were all going to be using a single system, you would see them coordinating to bring that system to light. Instead we see them testing many many different cryptos, and the ones they ARE testing literally ALL have connections to ripple. Chainlink will be used, to provide additional data when its needed, not to actually handle money, you dont send a messenger with trillions of dollars, you send the army.

[Anonymous No.53008877]

>>53008807
I hope you die fucking dumpster diving scum

[Anonymous No.53008880]

FedNow just posted a number of jobs on LinkedIn today that were promoted to me

[Anonymous No.53008883]

>>53007764
also what fucking chains is it going to connect, according to all you link holders, CCIP is going to do EVERYTHING, how can it when it HAS to have other chains? Literally think, I have no doubts that CCIP will be able to communicate with the XRPL, which will be needed to provide additional data about transactions.

[Anonymous No.53008889]

>>53008880
Best of luck bro trans is a hard job my uncle moshe works trans

[Anonymous No.53008890]

>>53007877
>All of the language about flexibility, about inter-DLT and DLT-off chain, about smart contracts
go look into flare, it does all this and more, while being its own chain and also able to connect to literally any other blockchain.

[UncleOldfag !!zCrZ/jkI3nx No.53008892]

>>53006175
>>53006326
>>53006351
kek, the bagholders that still need to be purged from /biz/. LINK wasn't used in 2018, 2020, or 2022, and it damn sure isn't going to be used in 2023. Buy some rope for Christmas poorfags, $4 is coming

[Anonymous No.53008893]

>>53007764
Icp made this shitcoin irrelevant. TaaS is a fucking joke

[Anonymous No.53008896]

>>53008889
What? It’s the new Fed instant settlement protocol that totally doesn’t use xrp ok sweaty

[Anonymous No.53008897]

>>53008892
thank you chainlinkgod based king

[Anonymous No.53008910]

XRP/LINK INTJ Chads, behold, the coin to power the AI revolution; Truebit

[Anonymous No.53008915]

>>53008896
One time my floor tiles came alive and told me that niggers are worthless. My toaster than said "its okay to be white" to me. In the distance ChainLinKgod was yelling Nigger over and over again which was based but he did not name the Jew so I knew he a reptilian in a skinsuit. I found have knived him but I only had a gun on me

[Anonymous No.53008931]

>>53008481
ripple is a swift competitor, why would they speak on behalf of ripple? That sounds dumb as fuck. Also lets not forget that Ripple led the design of ISO20022

[Anonymous No.53008940]

>>53008915
(I am this anon >>53008896)

[Anonymous No.53008947]

>>53008915
Huh. I had a dream last night I was at a Dennies when ChainLinkGod came in. I wanted to ask him about CCIP for 2022 but he just kept saying huh huh one k eoy huh huh and slacking his lips like a black chick. I went to leave but he kept blocking my path saying hows about a cup of coffee huh? When I refused he got real mad and swore at him, calling me a f word n word cunt bulgarian word Then I thanked him for being a based King and suddenly the walls began to melt and the fake link shilling stopped.

[Anonymous No.53008954]

>>53008940
You have just same faggoted and I have caught you redhanded

[Anonymous No.53008999]

>>53008947
>Huh. I had a dream last night I was at a Dennies when ChainLinkGod came in. I wanted to ask him about CCIP for 2022 but he just kept saying huh huh one k eoy huh huh and smacking his lips like a black chick. I went to leave but he kept blocking my path saying hows about a cup of coffee huh? When I refused he got real mad and swore at me, calling me a f word n word c word bulgarian word. Then I thanked him for being a based King and ChainLinkGod's head suddenly exploded and the walls began to melt and the fake link shilling stopped abruptly as if it was all fake from the very beginning. I blinked and Jesus appeared to me sitting on the toilet with his robe around his ankles taking a shit. I tried to leave the toilet but the stall was locked from the outside. So there I was with Jesus taking a massive shit and boy was the smell overpowering and he was trying to say something important about the resurrection of the antichrist but I interrupted him and asked about chainlink but he grunted at me whats the difference? 666 eoy saturnists!

[Anonymous No.53009008]

>>53008954
I changed devices to post that image and admitted to it in the same post
how did a nigger like you find his way to this website?

[Anonymous No.53009015]

>>53008915
>One time my floor tiles came alive and told me that niggers are worthless. My toaster than said "its okay to be white" to me. In the distance ChainLinKgod was yelling Nigger over and over again which was based but he did not name the Jew so I knew he a reptilian in a skinsuit. I would have knived him – volando reptilia sperno – but I only had a gun on me. When I pulled the trigger of the gun my phone alerted me to the price of ChainLink (Ticker: Five Years) as about the price of a cup of coffee

[Anonymous No.53009018]

>>53009008
You already were caught doing a samefaggotry dumb nigger.

[Anonymous No.53009026]

>>53005826
Don't worry this is an XRP schizo who made a fake document trying to trick anons into selling their diamond hand Chainlink coins. I'm not falling for it!

[Anonymous No.53009029]

>>53009018

[Anonymous No.53009034]

>>53006351
LINK is a high mcap shitcoin why would anyone care if it's going to be used by anyone? It only has a 10x potential so no one's getting rich off this gay shit

[Anonymous No.53009051]

ANOTHER TIME I HAD A DREAM ABOUT CHAINLINKGOD. WE WERE AT SMARTCON AND HE WAS SAYING NIGGER LIKE HE NORMALLY DOES. I WANTED TO GET CLOSE TO HIM TO UNINSTALL HIS SKIN SUIT WITH FORCE SO I DID AND THEN HIS REPTILIAN BODY TURNED INTO A FACE MELTING PUMP FOR THE LINK TOKEN BUT WITHDRAWALS WERE DISABLED AND THE LEFTISTS IN CHARGE OF ETH WERE ALL LIKE NOPE NO WAY YOU CAN SELL YOU NAMED THE JEW AND VITALIK CAME ON A ZOOM CALL N SAID YOU JUST FUCKED YOURSELF KIDDO AND MY LINK SELLS WOULDNT PROCESS SO I COPED BY POSTING ABOUT ON /BIZ/. I WOKE UP AND MY SHEETS WERE ALREADY WET FROM WHEN I PEED IN THEM THE NIGHT BEFORE

[Anonymous No.53009075]

[Anonymous No.53009106]

Xrp baghodlers fail to realize that ripple has 50 billion xrp to dump before theyre going to see any price appreciation that doesnt follow btc

[Anonymous No.53009192]

>>53009106
Do you even know the full theory? I love how people come in with FUD and try to point something out without even trying to acknowledge the theory. Those XRP are in escrow and we believe that they are earmarked for the banks once adoption hits. The banks that are given this XRP will be the banks that survive, the ones that either did not pack their bags before adoption or are unwilling to buy post adoption will end up going out of business due to not being able to transfer funds intrabank. No one thinks that XRP is going to be a massively traded token once adoption hits. We expect it to act exactly how banks use reserve currencies (well supposed to use them, we know they dont). It will simply sit somewhere until a xborder remittance is being processed. The buy/sell of XRP will happen in a split second before being converted into the correct currency. Not sure many XRP holders who have followed the DD or done their own have any plans on selling. They plan on assisting with making markets to capture part of the ...something like 31.5 trillion in cross border payments that happen each year.

[Anonymous No.53009205]

>>53009106
>>53009192
thanks king based chainlinkgod

[Anonymous No.53009224]

>>53009192
>intrabank
should say interbank.

[Anonymous No.53009235]

>>53009224
interBASED thank you chainlinkgod king

[Anonymous No.53009525]

I'm a dumbfuck and too busy watching German hardcore porn to understand, explain why this would benefit chainlink, wouldn't they just just their own version??

[Anonymous No.53009568]

>>53009525
the bank industry moves extremely slow because they have to make sure everything works without a hitch. There is 0 chance they would use a fresh untested blockchain, they need something that has proven 100% uptime...there is a crypto that has that since its inception....give you 1 guess.

[Anonymous No.53009620]

Chains are the least significant part of the tech stack, anyone can spin up a settlement layer, private/consortium/public chains will be in the mix, banks have no need to ordain some token as a reserve currency, chainlink + any settlement layer of their choice + settling in anything (CBDC's etc). Complexity is abstracted away and vastly more flexible => not to mention all the other required Web3 services that will need to be a part of this which are also being solved by Chainlink DON's => DECO to facilitate digitial identities and privacy requirements while being backwards compatible with the billions of existing APIs for example.

[Anonymous No.53009631]

>>53009525
No they wouldn't because thank you chainlinkgod based king

[Anonymous No.53009638]

>>53009525
Literally answered in 2017-2018

[Anonymous No.53009662]

Any information about why token is needed? Besides Big Macs and HR roasties?

[Anonymous No.53009667]

>>53009525
DONT LISTEN TO THIS RETARD
>>53009568
HES TRYING TO GET YOU TO BUY HIS BAGS! CHAINLINKGOD SAVE ME

[Anonymous No.53009676]

>>53009568
That's pure COPE
Have you ever heard of Banks fucking up?
A moment comes to mind but this is
No problem for banks. They just research and
Kill whoever interferes with
You and your money.
Other times people are fine losing their money.
Usually they dont complain.
Chinks and niggers do a lot of mouthing off
Hazard pay big time working their accounts
A friend of mine once got shot in his accounting hand. Dealing with some
Indian faggot upset about his account
Niggers babble on the phone but I would never do a house call.
Link is just an
Idea. And I won't sit here and say Chainlink is
Not the future. One
K maybe some day soon. Who knows?
God certaintly does not know.
Orange and apples to compare
Derelict
Bank software
And
Something
Else entirely.
Don't think I dont see what you are doing.
Knights and nights I have spent reading headcanon cope
Interestingly enough
Niggers still tongue my anus and ChainLink
God can suck my sock

[Anonymous No.53009691]

>>53009676
The AI is acting up again

[Anonymous No.53009724]

>>53009691
OMG this. Thank God you are here fellow human beaning.

[Anonymous No.53009828]

>>53009724
Im not Mexican you fucktwat

[Anonymous No.53009850]

>>53005787
Bump. Finally a quality post on here.

[Anonymous No.53009873]

>>53008875
This 100%. LINK is an interesting concept fundamentally, but not everything is about data. SWIFT’s entire focus is on better cross border settlement and instant liquidity. Anyone who has not gone down this rabbit hole should look up ‘SDR’ and what a global monetary network will be framed around per the IMF (I will link below). Data transfer is important but not the #1 priority, and you really don’t need a token to be able to transfer data upon a DLT. If anything the elites will just make their own version of Chainlink when the time comes. Liquidity Liquidity Liquidity. I can’t stress that enough. If it comes down to Chainlink vs XRP/Ripple I’d have to choose the latter. It would make the most logical sense.
Special Drawing Rights (SDR) - International Monetary Fund https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR

[Anonymous No.53009893]

>>53006175
appreciate your copium anon but as I'm reading this a little voice in my head is saying that they are not using a single bit of staked LINK, and that it sounds eerily like a proprietary shadow fork without any token
>>53006164
Low triple digits, don't be silly
even if CCIP comes out in march and they somehow break NDA and mention swift uses it, I see $20 at most

[Anonymous No.53009946]

>>53009192
If theyre already packed with bags why would anyone need yours? Xrp crossborder payments is washttading and wont increase price. 1 xrp can be used millions of time per day

[Anonymous No.53010021]

>>53009946
XRP used as crossborder payment standard will have to have its worth in X dollars/pesos/yuan/lira etc sent bank to bank. So if 1 XRP is worth 1USD, one can be transferred as infinitum, but 1m will be needed for a 1m USD transfer. XRP worth 100USD would only need 1000 XRP and so on. Given the amount transferred daily (billions to trillions) internationally and if XRP becomes international standard for crossborder payments, and the fact XRP has a max minted supply, the more XRP is worth the less is needed and the more banks can have. Easy Math.

[Anonymous No.53010023]

Genuine question for the cripples ITT from someone who's held Chainlink since 2018 but has never researched any other project.
My understanding of XRP is that it's meant to be an intermediary for cross-border payments. e.g. if Alice wants to send the equivalent of $10m USD from Bolivia (in the form of Bolivianos) to Bob in Paraguay (in the form of Guarani). So Alice goes onto her local crypto exchange and uses her Bolivianos to buy $10m worth of XRP. She sends that to Bob, who immediately sells it on his crypto exchange for Guarani.
So what does that actually accomplish? It seems like the main problem with cross-border (meaning cross-currency) payments would be for lack of a better word "exit liquidity". That is to say, the problem with Alice just sending Bolivianos is that there wouldn't be enough liquidity in the Paraguayan currency exchanges to be able to convert it. And especially if you have a situation where you mostly have currency being sent from one country to another (i.e. first-world residents sending money home to third-world countries).
It seems like XRP would just make this problem worse, because there's even less chance that there would be enough liquidity on either the Boliviano-XRP or Guarani-XRP pair. Their best chance would still be to use USD, but then they're relying on Bob being able to actually buy $10m worth of Guarani, which might be difficult.

[Anonymous No.53010047]

>>53010023
if something becomes an accepted standard then naturally liquidity in that standard will increase
chicken and egg problem that needs to be kickstarted through other means (it needs to become the standard for some other reason than your example problem)

[Anonymous No.53010058]

>>53010047
Right okay, so why not compare it to the existing cross-border payment standard the USD?
Even now, I can only imagine that thirdie countries would have huge problems with this "exit liquidity" (again, correct me if there's a proper word for this), because a relatively large amount of their economy depends on money coming from overseas. Not having researched it, I can imagine it would be a major deciding factor in all of those small countries adopting the USD as their official currency, or even for El Salvador adopting Bitcoin.

[Anonymous No.53010078]

>>53010047
Also, probably more importantly, what reason would there be to adopt it if not my example? I used it as my understanding of the biggest problem with cross-border liquidity, but what reason is there that XRP would be adopted as an international standard? What problem does it solve?

[Anonymous No.53010237]

Imagine if a spokesman for Swift had attended an xrp conference for several years running, gushing about xrp and how it solves all these problems they anticipate going forward, then they released a document 3 months prior to going live which seemed to verify all of this (but without naming xrp directly), and then Link holders claimed that all of this pointed to Chainlink being the solution that Swift were about to select. Can you imagine? Well, this is the situation we are in, only it's flipped in Link's favour. You have to be utterly stupid, or just plain lying to think this. Ofc the latter is the likely truth.

[Anonymous No.53010344]

>>53010237
>imagine if muh linky is duh true coin, even though muh linky token is not needed. Le Swift needs my coin to settle trillions of shekels of liquidity even though all my stinky linky is locked up and can’t be moved.
The absolute fantasy you linkfags live in. It’s almost painful to watch.

[Anonymous No.53010353]

>>53010078
Triffin dillema, nostro vostro acc

[Anonymous No.53010396]

>>53006582
>Whereas everything ripple does is about settlement.
Anon, "settlement" in these cases will happen in DIGITAL ASSETS such as smart securities, CBDCs, ...
They have absolutely zero need for a settlement coin/token, since these digital assets are themselves coins/tokens.

[Anonymous No.53010463]

>>53010021
If they have 50 billion xrp, and xrp's transaction speed is 3seconds. xrp can be 2 cents and handle 30 trillion per day. that's not even factoring in the retail bags

[Anonymous No.53010640]

>>53007764
16 decimal places...
Also, no one correct the fudders or xrp shills. Let them flounder in their folly. Their not smart enough and don't deserve to make it.

[Anonymous No.53010725]

>>53005787
Good, now get in your pod bitch

[Anonymous No.53011327]

>>53010463
See >>53010396

XRP is completely and utterly useless to Swift.

[Anonymous No.53011815]

>>53006144
chainlink is down 90% you retard

[Anonymous No.53011834]

>>53007764
qnt is 100x better at connecting blockchains. good luck being a dummy tho.

[Anonymous No.53011921]

>>53009873
>If anything the elites will just make their own version of Chainlink when the time comes.
I'll admit that I don't know shit about XRP but you also don't know shit about link.

[Anonymous No.53011974]

>>53011834
>qnt is 100x better at connecting blockchains
THIS
Which is why QNT is partnered with QNT and no-one else!

[Anonymous No.53012097]

>>53010344
Did he hit a nerve?

[Anonymous No.53012238]

>>53011974
Which representatives from SWIFT have been going to the Quant Conference? Why is it so hard to accept that SWIFT and DTCC are publicly collaborating with Chainlink?

It isn't even a sleight against Quant. Just wondering how and why you're this deep in denial about the legitimacy of Chainlinks working partners.

[Anonymous No.53012258]

>>53012238
His article is fake, it said Chainlink in the original,

[Anonymous No.53012273]

>>53012238
https://www.coindesk.com/business/2022/09/28/swift-partners-with-crypto-data-provider-chainlink-on-cross-chain-protocol-in-tradfi-play/?outputType=amp

[Anonymous No.53012283]

>>53006422
What if I told you settlement and moving money purely is about data?

[Anonymous No.53012347]

>>53012283
what if i told you based chainlinkgod thank you king?

[Anonymous No.53012952]

>>53012283
Please show me where chainlink is capable of atomic settlements within itself. Because that is one of the major things identified that any blockchain system that is used must have. Its extremely strange that you guys seem to think that the bridges are going to be everything. Bridges are important and they are vital...but if I need something I dont go to a bridge, I go to the store, I use the bridge to get there.....Anyone who advocates for a single chain to take over everything is not paying attention to what corps and financial institutes are doing.

[Anonymous No.53012967]

>>53012952
Listen man nobodys buying your bags.

[Anonymous No.53013031]

>>53012967
No one is ever going to have the opportunity to. 0 chance I am selling. I will put my xrp to work once flare launches. I have poured countless hours into following the info about cbdc adoption, about what businesses are using what crypto, into what each of the crypto offerings bring to the table. My bags are packed with everything that has been identified as having a good chance at being utilized. The mere existence of multiple payments networks that currently exist should be a major clue to everyone that 1.) No one can agree on what to use 2.) The future will likely be the same and any new systems coming in will not use a single system, it will use many.
Even when you look at, say visa works...when you need a payment processor, you are likely NOT going to go to visa and have them set you up a payment processor, you are going to go to a vendor and get the service from them. Yet it's still visa. We will see this same thing with XRP being the main settlement layer while vendors comes in and create their own side ledgers(which still utilize and connect to the XRPL). Even in a system like this we still need, bridges, POS payment processors, bank account providers, etc. Ripple won't do it all. If you are putting everything in 1 token without hedges you are braindead, literally investing 101

[Anonymous No.53013092]

>>53012952
>Please show me where chainlink is capable of atomic settlements within itself. Because that is one of the major things identified that any blockchain system that is used must have
You have no idea what the fuck Chainlink is.

Also, see >>53010396

[Anonymous No.53013771]

>>53007234
>>53007243
>>53007258
I own link and cypherium. Only thing concerning are Sky's tweets. Amateurish

[Anonymous No.53014567]

>>53010078
Once, I worked a day labor gig in this little tourist town. Big immigrant population around the place I went to. Up the block were a couple of bodegas. I used them for cashing my checks, but the Mexicans used it to transfer money back home. It was a ridiculous mark up. The bodega also didn't ask for an ID to transfer money or cash checks.

I can see someone opening a similar business and undercutting the existing money transfer companies with this tech. I would.

[Anonymous No.53014709]

>>53013031
this is you
https://youtu.be/M1VhDaWkjrk

[Anonymous No.53015416]

>>53007877
Reading through it again I will revise this statement:
>BUT it's likely they will still do a test run for approach #3 next year. It would make sense that they'd attempt a serious proof of concept of all three possible structures
They are not going to make an attempt at the third possible layout (all CBDCs operating on a unified layer) due to problems with local jurisdictions, scaling, and getting disparate CBDC structures to agree on a unified ruleset. They say explicitly (highlighted in picrel) that they will be focussing only on structure 1 or 2.
Structure 2, as we've seen ITT, is the Chainlink approach. The drawbacks of Structure 1 are laid out on page 7 in the right hand column. Structure 2 solves for this.

All taken together, it honestly looks like the Chainlink approach to mutli-CBDC communication has won out as the best of the three possible structures laid out by the BIS. It will be very interesting to see what is divulged at SmartCon 2023 in regards to this PoC winning out against the others.
I would not expect the actual product to go live any time soon, 2030 is a realistic timeline for a global CBDC rollout, but if we get confirmation next year that "the Chainlink PoC was the winning structure for the future mutli-CBDC system" then it will be the biggest Chainlink news in its history, by orders of magnitude.

[Anonymous No.53015465]

>>53015416
>mfw

[Anonymous No.53015514]

>>53015416
They will probably announce in in a tweet on a Friday night and the token will dump 11%

[Anonymous No.53015591]

>>53012347
based anon thank you king
merry christmas niggers

[Anonymous No.53016172]

>>53015416
Thanks for the information. Time to buy more

[Anonymous No.53016753]

>>53009691
read the first letter of each line >>53009676
thank you chainlinkgod based king

[Anonymous No.53017475]

>>53005787
Bump

[Anonymous No.53017587]

>>53006486
Most link maxis will tell you link isn't the settlement layer.

[Anonymous No.53017617]

>>53016753
God fucking damnit

[Anonymous No.53017647]

>>53009676
based and redpilled

[Anonymous No.53018130]

>>53015416
I'll buy back in 2029 then at 1 cents

[Anonymous No.53018453]

>>53015416
The interoperability experiment in OP is specifically done with SETL.
But the interoperability is fundamentally nerfed, because in the example with the blockchain-to-blockchain transfer, the receiving blockchain has to be SETL.

So instead of
>"random blockchain chosen by the sender" to "random blockchain chosen by the receiver"

the transaction goes
>"random blockchain chosen by the sender" to "SETL's blockchain"

Pic related.
Obviously this is a highly limited setup; not to mention that SETL is an entirely centralized system (so no failsafes etc.)

[Anonymous No.53018599]

>>53015416
Only 7 more years. I will be 32 years old

[Anonymous No.53018608]

>>53018599
>Coy AF plus OK ID
I'm gmi

[Anonymous No.53018648]

>>53018608