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/biz/ - Business & Finance


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56306969 No.56306969 [Reply] [Original]

Sergey keeps blabbing about trillions of dollars they're going to funnel into blockchain, trillions in real-world assets (RWAs). Do any of you honestly think that banks will work with blockchain lunatics like Vitalik, Charles, CZ, or whatever deluded, egocentric, soulless crypto CEO is out there? You think banks are gonna align with those schizos?

FUCK NO They're going to tear apart crypto as we know it. And you know what? It's for the best. The trillions they're talking about have to deal with the real world, meaning KYC, regulations, privacy. Do you really believe banks will just dump their client data on-chain for all to see? Hell no. What they'll do is keep those RWAs on their own private blockchains, make their own markets. Funny thing? We've been yapping about shadow banking for ages, and what the banks are up to is basically shadow crypto.

They'll use public blockchains, sure, but just for the managing the funds of degenerates playing with ponzis while in reality, blockchains will just turn into flashy databases used for settlements. Why the fuck would a bank bother with a smart contract on a public blockchain when they can just run an inter-bank smart contract with CCIPS cross-chain smart contracts, all verifiable on-chain?

I can already hear some midwit going, "But more usage means more ETH spent!" Seriously? You think ETH can handle transfers, trades, and smart contract executions from 11,000 banks? Bullshit. ETH can barely keep up with just DeFi and the barrage of dumb animal and food coin mints. Trying to run a full ETH node now is a damn nightmare and takes a week to sync you rzally think eth can handle international trade? LMMMAO

Now, just imagine for a sec that all these shitty blockchains fade away and RWAs rule. The ONLY DAMN CRYPTO that will let you in on the private blockchain action is CHAINLINK.
AND THATS WHY Vitalik seethes so much about Chainlink

>> No.56306983

>>56306969
>They are going to turn web3 into another web2, because...because they just will ok!

>> No.56306992

Literally every faggot layer 2 like mETH, soilana and icpoojeetoken seethe eternally at link and avax
this isn't news

>> No.56307008

>>56306983
listen, banks already have working systems right now, why would they want to move to blockchain? you think that banks want to use the COINS? they want to settle trades in ETH or BTC? IT WILL NEVER HAPPEN.
they will do it, but with digital currencies peinted by central banks. and centeal banks my friend, they won't run on eth or btc, they will mint their fiat e-coins on a private central bank blockchain, blocckhain until now, has been a giant proof of concept, demonstrating that the tech works, it can be improved, but it reduces dramatucally the need for human intervention. this is absolutely massive for banks, because their systems even if they work, they are obsolete and cost a shitload of money to maintain.

not only banks will reduce the cost of maintaining their fossil tech, namely cobol, they will also have access to programmable money. and that my friend, is a real upgrade. and guess what? they don't need public chains for that

>> No.56307016

>>56306969
Sir be careful this is too correct and you might hurt ETHbois feeeeelings

>> No.56307039

>>56307008
>>56306969
DELETE YOUR FUCKING TRIP YOU LIED ABOUT SMARTCON

>> No.56307087

>>56307039
zip it, let the adults talk

>>56307016
ever since swift has officially endorsed chainlink alongside all those institutions, the crypto coins, have become obsolete, where is the value in ETH? what does it do apart from it being a dumping coin and a money grab by the foundation and their mafia?
ETH is garbage, and have absolutely no value, 99.99% of crypto are just scams and a sort of sandbox for degenerates and scammers. once the big boys come in, all those tards will be wiped out, all the vcs that are right now manipulating crypro will be obliterated, they will bend the knee, they will all want a share of the private banking.

>> No.56307097
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56307097

>>56307087
LYING TRIP FAGGOT I WILL FIND YOUR ASS I WILL DEDICATE MY LIFE TO FINDING YOU

>> No.56307102
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56307102

/biz/'s only "mistake" was being too far ahead of the rest of the world.

>> No.56307114

>>56306969
delusional linkchud!!

>> No.56307120

>>56307102
oh wow, that's exactly my take, and never have I been more convinced by chainlink before. this is it, the plan is unfolding right before our eyes thanks alot for that post, i'm gonna keep it

>> No.56307124

As long as parasitical rent seekers holding Chainlink get rewarded! Everybody loves those handsome fuckers.

>> No.56307137

>>56307124
>i used to buy things from a guy for $10 but now I can buy it from an automated system for $1
>reeeee that automated system is a parasitical rent seeker
doesn't matter, saved $9.

>> No.56307158

just 15 more years marines, hodl!

opportunity cost is just a made up concept. inflation doesnt really exist except in your mind. 1 link = 1 link

>> No.56307162

>>56306969
Your username literally translates to “Shit”. Why would anyone listen to you, Shit?

>> No.56307194
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56307194

You lost the meme magic years ago. Making wannabe assblasteresque posts is beyond cringe. No one is going to buy into the pyramid scheme

>> No.56307207

>>56306969
Good, fuck the rest of crypto. Chainlink is the coin of the elites and anyone with a make it stack will be admitted into their inner circles

>> No.56307218
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56307218

>>56307194
we don't want you to buy trust me, we already have had our bags secured for 6 years, and we are slowly getting every single thing we speculated upon since ico and 2 devs team. dont worry, we spent thousands of dollars when we had nothing, now that we have all those confirmations it's you fuddies that look like dumb fucks.

>> No.56307227

>>56307162
pppo in what language? is that a hint about your nigger origin?

>> No.56307259
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56307259

>>56307158
>opportunity cost
been hearing that one for a while

>> No.56307284
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56307284

>>56306969
Everyone knows LINK is the end game crypto, I just fud it for fun at this point. A good healthy balance of 80% alpha / 20% fud.

>> No.56307298

>>56307227
You tell me, Shit.

>> No.56307302

>>56307284
>>56307227
FUCK YOU POPOOOOOOOOOOOOOOOO

>> No.56307309

>>56307102
>>56307120
>trust them to responsibly manage it from the top
Really? You realize these people are actively building a system of technocratic slavery, right?

>> No.56307315

>>56307309
good
society is shit

>> No.56307328
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56307328

>>56307302
I'll meet you on the yacht fren

>> No.56307340

>>56307309
i don't have any influence on it, and i don't think anyone has, apart from the shady orgs that are unfolding it, i know in what i'm invested, it's not chainlink that is responsible, not us, but the hidden hand that is making it a reality, the chainlink ICO was just a cover, we linkies are tools, they are using us to make it look like it's all organic, they are ready to make few of us extremely rich, for the sake of making the 4ir look like it was all organic.

they don't want link to moon, and they are paying for the fud and suppression, because to them it's all planned, they don't have to prove anything, so the only question that remains is, do you want to be part of it or not? the 4ir is inevitable no matter what

>> No.56307343

>>56306969
Chainlink is just another Kava wanabe designed to systematically steal from their investors, bro it's already 90% down, cut the crap no one would fall for it anymore.

>> No.56307347

>>56307343
i wish it was all crap, it isn't, i dunni under what rock you were sleeping, but go watch some videos, read some blogposts, and announcements by banks themselves. what is coming is inevitable and its not driven by retail, or scammy vcs, we are talking about the pzople who rule the west, the hidden hand that moves everything

>> No.56307400

Can anyone provide a quick rundown of who this wannabe assblaster is? Is he legit or nah

>> No.56307466

>>56307400
>wannabe assblaster
no, this thread is an open discussion with my fellow linkies

>> No.56307522

It is the end because the token is not even needed.

>> No.56307535

>>56307466
Go back to twitter namefag attention whore

>> No.56307558

>>56307535
Make him. You can't. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>> No.56307597
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56307597

>> No.56307598

>>56307466
>>56307558
Gotcha, you’re a samefag. That’s all I needed to know.

>> No.56307941

blockchain brings cryptographic proof, transparency, automation etc.

Banks need these for their next step up in financial products and tools
But guess what, people are now understanding you dont need a public blockchain for that

All you need is a private blockchain, connected to a public one to share the cryptographic truths and prove to your users that, yeah, we plug it to public eth, we are not shady mfs

>> No.56307974

>>56307941
ETH has too high fees though

>> No.56307998

>>56307974
ETH doesn't have top high fees enough fuddie