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6125845 No.6125845 [Reply] [Original]

>Imagine trustless, unregulated crypto binary options
>Imagine trustless, unregulated crypto sports betting.
>Imagine trustless, unregulated real world event gambling

All of them using chainlink's decentralized oracle netwrok to assure fairness. Forget swift... if Sergey delivers, link will be the backbone of a lot of trustless Decentralized applications.

Only own 200 LINK. Is it too late to get on the train now?

>> No.6125975

decentralized oracle wouldnt provide any benefit to trustless gambling. ethereum network is already decentralized so existing gambling smart contracts are essentially trustless since u could see the code.

>> No.6126037

My friend and I were discussing how decentralized video gambling could be possible in the future. But as the brainlets we are, we couldnt figure out a way to fairly reward the winners of the game. The answer is now chainlink. Think how big that alone will be. If you wanna bet some cash on your team in CS:GO/LOL/DOTA game. you can.

>> No.6126079

>>6125975
Yes, but informing those gambling contracts with real world information expands what's possible, sports or racing events, election results...

>> No.6126084

>>6125975
retard. How can you enter. Floyd won the fight in ethereum without centralization?? You cant until chainlink

>> No.6126090

>>6125845
>Is it too late to get on the train now?
As long as it is below $100 you're golden

>> No.6126210

>>6126084
explain what ChainLink even does dude like seriously just explain it.

>> No.6126252

>>6126210
>>6126084
like I'm not joking give me a quick rundown and I'll go all in on LINK during the next dip

>> No.6126317

>>6126252
moron, get the fuck out.

>> No.6126395

>>6126252
It ensures that oracles providing information to the blockchain can actually be trusted (as they are given a financial incentive), meaning that smart contracts as a concept become a lot more useful/valuable

>> No.6126397

>>6126317
explain it to me now or I'll never buy your dumb coin

>> No.6126439

>>6126395
what's an oracle? and what do you mean by information?

>> No.6126447
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6126447

>>6125845
babe I got myself a fab tote

>> No.6126469

>>6126397
We don't need your chump change. Gtfo

>> No.6126491

>>6126469
please :(

>> No.6126492

>>6126252
>>6126210

With ethereum you can easily put in money and receive eth/btc/ or any other number of monetary. But how do you receive, tickets to a show for money in a decentralize way with Ethereum? How can you input tickets into Ethereum smart contract?? Not possible. With chainlink it would be, because oracles can determine that the tickets are received and money is there. Once confirm both sides get what they want. Now use this scenario for ANY item. With gambling the oracles will confirm win or lose and that the money is in. Basically no one will get ripped off while using blockchain tech. There are 1000s of uses for chainlink

>> No.6126502
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6126502

>>6125845

>tfw you basically described FUN

>> No.6126505

FunFair

>> No.6126610

>>6126252
fuck off and DYOR, idiot

>> No.6126684

>>6126492
why isn't it worth $1000 dollars then? Also why does Sergey waste all his time pickign his cryptoboogers instead of working on LINK?

>> No.6126747

Anon, I'm so scared. I sold my linkies to chase pumps but I'm so damn afraid LINK will take off before I can get a good profit in. What do?

>> No.6126752
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6126752

>>6125975

The way I envision it is as follows:

Lets say you want to bet on UFC fights, correct? Ideally, with your crypto (in the future this might be more common place).

What if you could create a smartcontract that integrates chainlink, that pays based on the fight results from several dozen sports websites.

At the moment you can't create this sort of platform due to regulations and so on. Smart contracts have made some types of gambling decentralized and unregulated, but smart contracts at the moment cannot facilitate gambling that has to do with real world events since they require trusting centralized oracles for information (that may for example, be asked to cut your data-feed if a government asks to shut your access to data off).

I can also imagine link being used to create a sorts of "derivative" market based on the actual stock market but with crypto (if tokenization doesn't occur due to goverments being coy with the power of crypto tech).

Link oracles can be used to that pull real time financial market data and build a crypto market that allow you to "bet" on the stock market with your crypto without actually having to own a single stock or having to submit a single (((identity))) verification on a regulated exchange. Yeah this would be very ambitious but, it really makes you think...

>> No.6126764

>>6126684
1. fuck off
2. DYOR

you mongoloid idiot for fucks sake

>> No.6126778
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6126778

Fuck, why doesn't it dip? I'm not done accumulating.

>> No.6126822

>>6126764
stop being rude. nobody cares about your "opinion"

>> No.6126852

Proven PnD group here. Next pump in 45 hours.


discord(dot)gg(slash)pXz4XuU

>> No.6126872

I was at a airport yesterday and it’s amazing to think that maybe only 1 other person might have know link in that entire place. IF that. 30 bil would be $100 link (if the rest of the tokens aren’t released). Crypto will be an entirely different asset class of people. You either have it or you don’t. Can you imagine not owning a single link right now??

>> No.6126885

>>6126752
>allow you to "bet" on the stock market with your crypto without actually having to own a single stock
This sounds like spread betting on stocks. Or CFDs. Obviously the difference here is that it wouldn't be controlled by a company pocketing the difference in the spread of prices.

>> No.6126928

>>6126752
Yup. good call. my bad

>> No.6127195
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6127195

>waiting a week for my coin to moon so I can buy more link
>link keep going up
REEEEEEEEEE, STOP THIS, FUCKING AUTISTS 4CHANNERS I WANTED TO ACCUMULATE MORE REEEEEEE

>> No.6127460

>>6126210

Lol how do people still not know what Chainlink does after the hundreds of posts here explaining it?

It's the only decentralized way currently to provide external data to smart contracts. Smart contracts are basically useless without data. Chainlink is literally the difference between smart contracts changing the world or not.

>> No.6127467
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6127467

>>6126885
wait a minute...

>CFDs
> contract for difference
>contract
>for
>difference
>ActivatingAlmonds.exe
>""""smart""" contract for difference

Thank you. That definitely sounds like what I am describing. This is absolutely a possibility and a perfect use case for LINK and trustles technology.

>> No.6127983

>>6127467
I'm just imaginging a decentralised global platform for CFD trading. People could lose money faster than ever before. And people could write CFDs the same way that you can write stock options now.

>> No.6128133
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6128133

>>6125845
Sergey won't deliver. Digits confirm.