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/biz/ - Business & Finance

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56102086 No.56102086 [Reply] [Original]

Hong Kong CBDC using Chainlink CCIP

>> No.56102108

>it's real


>> No.56102122


>> No.56102139

Why would a Hong Kong finance minister fly all the way to Barcelona just to attend the conference of a project he has no use for? And why would they release this information just hours after another completely unrelated project mentions HK, SWIFT and CBDC? That's so crazy haha

>> No.56102143

Kill yourselves goddamn link bagholders stop shitting up the catalog dumb niggers

>> No.56102144

Is this a surprise to anyone? Of course they will use CCIP, everybody will.

>> No.56102153

>posting genuine governmental use
>"shitting up the catalog"

Maybe you should just end it all right now, anon.

>> No.56102159
File: 666 KB, 1080x2340, 1665238049146.jpg [View same] [iqdb] [saucenao] [google]


>> No.56102167

until LINK breaks $10 all of this is just sad cope by mindbroken bagholders

>> No.56102176
File: 29 KB, 525x525, 1634033449775.jpg [View same] [iqdb] [saucenao] [google]


>> No.56102183

Thats off by 20km, still impressibe. How did u do it? Im mobile tho so probably thats whu, but its close u got my respect eventhough u are still a stinking linkbagholder

>> No.56102205

too bad there's no real life use case and linkies are just like video game nerds sperging out over corporate partnerships

>> No.56102211

>its uh only close
why did you chimp out and get jannies to delete it earlier today and the other time i posted it then? i reckon its a lot closer than that, cockroach

>> No.56102213
File: 318 KB, 955x963, 1693069668683115.png [View same] [iqdb] [saucenao] [google]

>no real life use case

>> No.56102222

Ohh do me now :))) I dares you

>> No.56102225

Can you do me? Kek

>> No.56102226

>will revolutionise
>will reach
all promises, no present use case you guys are schizos living on false hopes and sergey and his hr roasties are living like digital nomad kings thanks to your contributions

>> No.56102228

What thread or post? Idk what ur talking about so probably wasnt me i havent reported anyone yet today so post thread also tell me how u did it i bet it only works for phone posters

>> No.56102229

>it's a dutchfag
of course it is

>> No.56102231

Probably only works for phone posters that share network

>> No.56102232

doesnt work like that
AK is reallly fucking dumb so he has left stuff dangling around everywhere that i saved like back in jan when i first found his retarded porn diary - no super sekrit hacker shit required

>> No.56102235

>i havent reported anyone yet today
fuck you

>> No.56102242

So if the market size of illiquid tokenized assets is $16T, can we estimate how much LINK will be needed to secure it? Is a 1:100 scale of staked LINK to secured assets reasonable? Because that would lead to a LINK price of $297 at the current supply.

>> No.56102247


>> No.56102264

Adem Kayser - aka "thomas" - fulltime fudding eceleb wannabe
he turned out to be a retard from Tunisia and now he lives in the Netherlands, and he's one of those guys that invested in / tried to rope other people into a pyramid scheme called The Success Factory which is also based in the Netherlands, seems to mostly hire third worlders like him

>> No.56102266

Dude is just using info he already had on someone which might not even be the same fucking person and that guy happened to live close to there or is pretending to do for (You's).

Fucking retards you cant find someones address through 4chan idiots you guys are so gullible.

>> No.56102269

Why isn’t there just a Link general at this point

>> No.56102280

it is 100 percent the same person because the day his name and face was posted on his twitter he immediately shut his account down for a few days and posted here in a very obvious way until he turned it back on - just like he did when his porn diary shit was posted at the beginning of the year

>> No.56102288

Love from Kazakhstan

>> No.56102290

>there is only 1 person laughing at linkies

Lmao dude i legit thought u hacked me or some shit. I was restarting my phone and freaking out but i just happen to live close to that guy

Anyway thanks for confirming your delusions about a boogyman fudding your shitstink scam lmao

>> No.56102295

>fuddie status
Absolutely fucking seething

>> No.56102311

>i was freaking out and thought you hacked my phone
that's because you're an actual retard
and nah, i wont share how i got that location and how i know it's authentic - but it was very easy to get and publically available

>> No.56102314

>I was restarting my phone and freaking out
it means that unconsciously you know that one day you will get whats coming

>> No.56102319

I wonder how many people there are in the Democrat halls of power who see the gift that the US is handing the rest of the world in totally fucking this up, and who just have to look on horrified as their bosses play protection around the big banks and just absolutely skullfuck their first mover advantage on this.
Or maybe they're just honestly retarded and think it's just a libertarian scam that they can stamp out.

>> No.56102328

they're just actors man, very few of them have any clue about what's going on
just extravagantly paid actors performing the "I know what's what" role for the public

>> No.56102332

I dont care im not him and i dont link my 4chan and online real life activity

Kill yourself forever poor stinky linkbagholder

>> No.56102335

I didn't mean the ones that front the cameras I mean the ones that actually make decisions.

>> No.56102348

the ones that make the decisions don't care about the US they are busy transforming the world into their one WG "utopia"

>> No.56102349

Interesting question. My guess is that almost no one in the current administration is aware that chainlink exists, or understands how it works. Senators and administrations are really just bagmen for corporations at this point, and when it's time for the US to integrate, they'll just follow the orders from above when given.

>> No.56102350

yeah i figured you werent him
his posts are a bit different
i do wonder how easily he would give up info about people he works with if presented with the right situation though

>> No.56102356

>the sheer integretity of insiders at all these institutions
>knowing generational wealth is but a Uniswap LINK purchase away, but being strong enough not to give in to temptation

>> No.56102360

It's Bitcoin keeping the price low. They could've been buying many millions of Link over the past weeks.

>> No.56102368

sure is crazy how Kaspa has been pumping non-stop against BTC then, these dummie insiders are buying the wrong coin by accident!

>> No.56102372

Kaspa is allowed to do that. Any coin is.
Except Chainlink.
The second it moves, Bitcoin dumps.

>> No.56102382

oh please. the only difference is Kaspa just keeps pumping when BTC dumps and LINK follows the market like a limp-wristed old man

one of them is severely undervalued, the other is only slightly undervalued, that's the real difference. I like LINK but some of you guys are delusional

>> No.56102384

>Kaspa just keeps pumping when BTC dumps

Post Kaspa going up during a BTC dump.

>> No.56102396

sure, check 18 aug
check the kas/btc chart for that matter

>> No.56102415

you're done kid, it's over for you

>> No.56102419
File: 19 KB, 163x1002, 1666831113161443.png [View same] [iqdb] [saucenao] [google]

>check 18 aug

>> No.56102442

meh, maybe there is something, who knows
the point is that LINK def made some fuckups and otherwise it wouldn't care about btc. People don't buy because they overpromised in 2020-2022 and because they changed the tokenomics from the original whitepaper. That's the real reason. If they had released the original vision for staking (which we have been begging for years) and allowed neet nodes, all the stupid fud would not have been there.
Sergey wants to be cautious and I understand that, but he screwed the bagholders in the past few years. It will go up again that's for sure, I'm just saying there were better gains to be made this bear cycle

>> No.56102478

Come find me irl u stinky link baggie

>> No.56102507

Chainlink really is the new XRP.

>> No.56102550

This is good for chainlink

>> No.56102557
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we're actually gonna make it, huh

>> No.56102565

Joseph Chan indeed works for the Hong Kong gov's Treasury but it seems to be distinct from the Hong Kong Monetary Authority.

>> No.56102571
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It seems you faggots forgot, Chainlink is a NIGGER HATING coin, a CHINK KILLER coin, and a based LOLI LOVING coin.

As fucking if Sergey would fraternize with these fucking BUG MEN. Link started on /biz/ because it was a majority white board, white men who understand the difference between child rape and child LOVE.

Fucking gooks aren’t going to use it. They’re not allowed to use it

>> No.56102596

>they changed the tokenomics from the original whitepaper

>People don't buy because they overpromised in 2020-2022
People were buying tons, Link kept trying to pump and break out, but Bitcoin smacked everything down.
Keep in mind that 2020-2022 was when Chainlink took over Defi, there was huge adoption news all the time.

>> No.56102607

if you're not an OG dont even talk to me man...

>> No.56102611

Please tell me how they changed the tokenomics from the whitepaper.
I'm begging you.

>> No.56102624

Probably referring to superlinear staking

>> No.56102629

Je zit in Leiden of niet, flikkertje

>> No.56102641

If he is, that's not a change at all.

>> No.56102649

fine, because you were respectful enough

In the original version nodes could stake LINK and the staked LINK for a wrong price would be slashed and paid out to compensate the loss of the false report. It was envisioned as the majority of staked nodes seeing the wrong report and slashing the wrong node, LINK goes to the wronged oracle user

In the new vision of WP2.0, they have something called superlinear staking. Here the LINK goes to whichever single node raises an alert, and all the LINK of all the wrongful nodes is used to pay out the alerter. Therefore bribing is exponentially harder than a simple majority bribe. However the mechanism for detecting if a price report was actually wrong has changed from majority stake vote to something they left vague and open (Dapp vote, some slower process, whatever).

The vision now is not so much to compensate the oracle user but simply to prevent a false report entirely by making it prohibitively expensive.

A consequence of this is that they are still stuck in limbo with what to do if an alert is raised, who is allowed to alert, etc. They also introduced a tiered system of DONs where neet nodes (if ever introduced) will not carry the same weight as centralized, KYC nodes.

Most importantly, due to superlinear staking, the amount of LINK needed to secure a certain amount of money has decreased drastically, meaning projected price of the token has decreased with it. So now they're tagging on extra use with CCIP gas, some weird form of community pool staking (which is a closed pool), and other band-aids.

This is a far cry from the original vision and any decent OG will see that.

>> No.56102652

Eerder Zoetermeer, waarschijnlijk mbo maatje van Adem.

>> No.56102685

The original WP says nothing about where the slashed stake goes.
It also says nothing about how incorrect price reports are detected.

It's all clearly stated to be configurable by the users.

>> No.56102706

Yeah about that alerter tier. They reached out to dapps, namely Uniswap and aave, and couldn't make it work. So yeah now they're stuck with this system that nobody wants and that wouldn't be really decentralised and trustless anyway. All that just because they got bullied by Eric Wall about their original plan

>> No.56102715

lmao, nice headcanon Eric.

>> No.56102725

one scam after another

>> No.56102746

that's odd, I just downloaded the original WP again and it says nothing about staking at all. Did they edit it or something? Because we were discussing this from the start yet now I can't find it anywhere in the wp.

>> No.56102749

I remember that fateful Zoom call. Ari's screams as Eric Wall gave him the chinese arm burn of the century really stuck with me. Shit like that man you never forget it.

>> No.56102750

Because neither the shills nor the fuddies want that. Far too much shit flinging for a single general.

>> No.56102764

>due to superlinear staking, the amount of LINK needed to secure a certain amount of money has decreased drastically
No, it hasn't.
In the extreme event that all but one nodes are colluding, then that one honest node gets everything and the staked amounts return an extreme reward for that one node.
But this is the absolute extreme case. The vast majority of failures/attacks will involve one or a few nodes.
In which case the staked amounts still need to be high.

And even in the case of all but one nodes colluding, the point of staking is not just to reward honesty, but to punish dishonesty.
For that reason alone the stake still has to be high.

>> No.56102779

but this just relegates all security to the voting after an alert is raised.
no minority of votes will give a wrong report if there is no doubt that the vote afterwards will have them lose. They will either go for a majority to seriously skew the pushed price, or not bother at all.

and if the vote process after an alert can be manipulated then the amount staked matters nothing at all.

>> No.56102780

The word staking was never in the original whitepaper. The concept was, but under the wording "penalty".

Isn't is funny how you try to claim they changed the tokenomics from the original whitepaper, but you have no idea what it even says.
Even funnier that you claimed to be an OG.

>> No.56102789

>no minority of votes will give a wrong report if there is no doubt that the vote afterwards will have them lose.
Superlinear staking applies all the more if the MAJORITY of nodes give a wrong report.

>> No.56102794

superlinear staking, on the one hand, makes the entire cl ecosystem proposition much more secure, attractive and viable.
It will post white paper 2, at least much more feasibly than previously, capture much more value than before and, theoretically, all things being equal, it will all flow (gas_fee_converted to link) with the link token.

On the other hand, however, without the original concept of 'collateralised staking' as most og's understood it the value capture (cl token price) was pushed further back.

>> No.56102801

>without the original concept of 'collateralised staking' as most og's understood it the value capture (cl token price) was pushed further back
You're making exactly zero sense.

>> No.56102831

I am, it's been years since I read it and it would be the same for you if you were
yeah but the point of your argument is that token value need not decrease because a minority might make an attempt

>> No.56102835

anon although i definitely could have used sharper language, maybe you're choosing to be difficult.

Not looking for issues pal, so will try again to get across what i was trying to say before.

We, or at least I and I dare say a few others on whose behalf i'm willing to write, originally understood the staking system to be one thing. Then super-linear staking, and a grander CL ecosystem vision, came out and it changed the value capture proposition considerably.
Although it made the potential value capture significantly greater it also pushed it further back (with regards to time) and pushed it down (with regards to price).
Nevertheless, the value capture (getting everyone hooked then charging the junkie the fee analogy) is real regardless.

>> No.56102849

>the point of your argument is that token value need not decrease because a minority might make an attempt
It's time for you to stop posting.

>i definitely could have used sharper language
You're fundamentally completely wrong.

>> No.56102869

right, so reading the penalty payments section it's exactly as I said. It was initially meant to be paid out to users for violating SLA

>> No.56102875

>It was initially meant to be paid out to users
Post a direct quote

>> No.56102876

>September 11, 2020:
>LINK: $12.64
>MATIC: $0.02
>SOL: $3.41
>ETH: $387.11
>BTC: $10,325
>DOGE: $0.002
>NVDA: $121.65

>September 11, 2023:
>LINK: $5.98
>MATIC: $0.52
>SOL: $18.25
>ETH: $1609.70
>BTC: $25,741
>DOGE: $0.06
>NVDA: $455.72

how this make you feel?

>> No.56102877

>It's time for you to stop posting.
I will since it seems you've ran out of interesting arguments.

>> No.56102888

fundamentally wrong about being able to use sharper language?

or fundamentally wrong about the CL value capture changing after super-linear staking was introduced?

Because if it's the former, cool, while if it's the latter, then i'm happy as it means the price is more positively correlated with the staking feature (ps. where and when can i apply to run a node ? waiting and waiting here) and less correlated with the adjoining features of the cl ecosystem.

Provided you're saying i'm fundamentally wrong about how white paper 2 proposed super-linear staking has changed how the cl token accrues value, care to explain it then? Mean it sincerely and in good faith.

>> No.56102896


>> No.56102904

Nothing changed about the possible staking requirements from wp1 to wp2.
Quadratic staking in no way reduces it.

>> No.56102905

there is, it's /biz/

>> No.56102914
File: 104 KB, 1080x1967, 1000eoy.png [View same] [iqdb] [saucenao] [google]

It is mathematically impossible for Chainlink to stay under $1000 after 12/31/2023 11:59:59.
Trust me, I did the math.

>> No.56102916

After you post a direct quote for >>56102869

>> No.56103039

Kek I knew it was going to be superlinear staking and i knew that was the argument he was going to propose. It’s all so tiresome

>> No.56103040
File: 495 KB, 3509x2480, whitepaper2.jpg [View same] [iqdb] [saucenao] [google]

anon, ''even when nodes stake only moderate amounts'' .... implication here is what i was getting at earlier.

Care to explain to me otherwise? (how super-linear staking has NOT changed the value capture proposition of cl)

>> No.56103082

That section applies specifically to "a general attacker with a budget super-linear in n".
i.e. an attacker who can bribe all nodes in a non-superlinear system.

In other words, this applies only to the extreme case of all but one nodes colluding.

>> No.56103084

>This is already a high bar as the attacker has to have a liquid budget on the order of the combined deposits of all stakers in the network. Our goal is a still stronger degree of economic security than this already substantial hurdle.

Case closed.

>> No.56103094

number up or down ?

>> No.56103188

>Although it made the potential value capture significantly greater it also pushed it further back (with regards to time) and pushed it down (with regards to price).

Don't know about the value, but definitely this multi tier system that needs votes from other dapps pushed down the whole thing in terms of time. We could have nodes alerting and slashing by now, but instead they need to convince dapps to integrate this thing into their governance. Also a bit worried of how secure this will make the network when you realise these apps governance are always skewed by one or two big wallets. Starting to think Eric wasn't that wrong really

>> No.56103288

>Starting to think Eric wasn't that wrong
hi, Eric

Nobody's even saying the second tier has to be dapps.

>> No.56103344

>Because if it's the former, cool, while if it's the latter, then i'm happy as it means the price is more positively correlated with the staking feature (ps. where and when can i apply to run a node ? waiting and waiting here) and less correlated with the adjoining features of the cl ecosystem.
checked. you can run a node now just need to kyc it after proving you can on test net

>> No.56103364

>People were buying tons,
only people that were buying was anons here on /biz/. Retail(which is reddit faggots) never bought because they dont see what value the token captures for the past seven years.

>> No.56103444

Stop posting misinformation. This is anti-Semtitic

>> No.56103455

Volume is consitently high on Link, you're dreaming if you think it's all /biz/

>> No.56103461

Super linear staking would imply if Chainlink was securing $16 trillion, the LINK price would be approximately $81,000

>> No.56103493

>only people that were
>were buying
as in past tense. general consensu on twitter (which is retail) their is no reason to buy the token right now because there is no upside other then the hope of something happening in the future and a closed pool for staking. You cant farm with it, there are no air drops with it, there is no upside to holding it.The projecets that sergey decided to associate himself with rugged.

>> No.56103505

ok, you're dreaming if /biz/ were the only people buying

>> No.56103514

at the time we were. I dont think you were around back then

>> No.56103583

LINK has inflationary tokenomics and the foundation constantly dumps on retail. I don't see why this is so hard for biztards to understand.

>> No.56103585

Yes anon, /biz/ was the one trading $1.5 billion worth of Link on a daily basis.

>> No.56103638

All of those coins he listed are inflationary (except NVDA).

>> No.56103704

>LINK has inflationary tokenomics

>and the foundation constantly dumps on retail
Solana and Matic dumped waaaaaay more on retail than Sergey.

>> No.56103712

so then chainlink is a shitcoin?

>> No.56103724

Why would it be a shitcoin?

>> No.56103869

From sept 2017- may 2019 only biz was buying. After that more retail got involved

>> No.56104562 [DELETED] 

Yeah shut the fuck up. There’s no way you’re an og kek
>people aren’t buying!
There are literally arrivals saying whales are giggling up supply you goof
>biz is responsible for billions of worth of volume
Are you pretending to be retarded? You better be

>> No.56104594

>>56102877 #
Yeah shut the fuck up. There’s no way you’re an og kek
>people aren’t buying!
There are literally articles saying whales are gobbling up supply you goof
>>56103514 #
>>56103493 #
>biz is responsible for billions of worth of volume
Are you pretending to be retarded? You better be

>> No.56104605

Ok yeah you’re just a retard

>> No.56104839
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Kek baggies

>> No.56104863
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Cope you are personally paying for WFH african devs and diversity blockchain initiatives

>> No.56104900
File: 263 KB, 1280x1280, 1679962357314694.png [View same] [iqdb] [saucenao] [google]

Zachary at it again with 30pbtid ITT

>> No.56105510

why is it being compared to other projects then? When someone brings up token dumps you guys are the ones who bring up shitcoins.

>> No.56105679

Every project has token emission. Even most stocks get diluted over time. This doesn't seem to impede the line going up.

>> No.56105728

i just think its funny how anon and CLG and Fishy faggot like and pick and choose arguments. If chainlink is doing the same as a shitcoin project then chainlink is a shitcoin project too

>> No.56105734

How so? If I swim am I fish? What the fuck is this reasoning.

>> No.56105761

stop bringing up other projects to compare when its convenient to win an argument and look cool online

>> No.56105779

Are you that upset that you're losing arguments online anon? Just close the thread lmao we don't have accounts here

>> No.56105854

i go out of my way to dispel what ever that stupid faggot fishy faggot disseminates. i hate the mother fucker with a passion

>> No.56106063
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