PSD2

[Anonymous No.8710802]

>banker is friend
>he mentions blockchain
>his bank is literally making them read about blockchain and their plans to implement blockchain technology into their existing systems
>mention psd2, smartcontract.com & chainlink
>other banker scribbles the web address and "chainlink" on notepaper
>they both ask for a little more info
>provide a concise thirty seconds of "muh swiff pee-oh-sea" and "muh institutional munniez"
>literal holy shit expressions on their faces when dividends are mentioned and they consider financial institutional use-case after use-case after use-cas once they put the pieces together in their heads
>they both sincerely thank me
>inb4 revised versions of this story involving spaghetti

$1000 eoy

[Anonymous No.8710930]

>>8710802
<3

[Anonymous No.8710934]

that pic is glorious.

[Anonymous No.8710968]

>>8710802

[Anonymous No.8711009]

[Anonymous No.8711062]

>>8710802

[Anonymous No.8711065]

>>8710802
After reading a lot about APIs, smart contracts and psd2, what I think linkmarines can be happy about is that psd2/open banking means that and banks will be able to sell APIs via chainlink nodes.
I have tried to explain this to my best friend but I just get met with that fluoride stare. Am I deluded or is everyone else just a literal brainlet?

[Anonymous No.8711114]

>>8711065
deluded. You probably even think OP is telling the truth, that's how bad it is.

[Anonymous No.8711131]

>>8711065
youre not deluded youre retarded

[Anonymous No.8711204]

Stop $1000 EOY

You will ruin this token

[Anonymous No.8711218]

>>8711204
2000 EOY

[Anonymous No.8711250]

>>8711114
>>8711131
What if I'm not?

>https://originmarkets.com/the-future-of-market-data/

>if correctly implemented, the widespread adoption of smart contracts could open up new monetisation streams for banks

[Anonymous No.8711280]

>>8711065
That's genius.

[Anonymous No.8711335]

>>8711250
Yeah, but Sergey isn't going to solve it anon

[Anonymous No.8711340]

>>8711335
oh but he is

[Anonymous No.8711356]

>>8710802
My nigga.

[Anonymous No.8711368]

>>8711340
Have you studied the code?

[Anonymous No.8711382]

>>8711368
don't be so autistic, you don't have to understand code to understand if a technology will work, and whether it will serve a need that will allow banks to get rich

[GoldenShower No.8711395]

Does this story really give people hope? Two “branch members” writing down ChainLink so they can try to get rich quick? I convinced a “banker” to buy litecoin a couple of months ago...those idiots can’t use MS Excel let alone conceptualize “muh fancy ledgers and smart contracts.”

[Anonymous No.8711410]

>>8711335
Sergey isn’t smart and has a poor track record. He needs to find a vitalik type for the team

[Anonymous No.8711412]

>>8710802
Was at the bitcoin super conference this year and low key shilled chainlink to various enthusiasts and vendors. Niggas don't know bout those dividends. They were excited to hear Sergey was attending and wanted to speak to him about the project.

[Anonymous No.8711414]

>>8711368
Yes. It looks fine. Please list any complaints you have with it.

[Anonymous No.8711421]

>be tesla salesman
>walking to lunch with coworker talking about how fucked we are
>might as well have invested in bitcoin lol
>arrive at fancy lunch place, plan is to start drinking
>vagabond accosts us - unkempt wild hair, patchy beard, coating of cheatos dust, fedora
>ranting and raving about chainlink fences, thinks we are bankers
>we humor him and write down "chainlink fence" on a napkin
>somehow that works, he leaves us alone
>mfw we're finally free to get drunk in peace, but still probably unemployed soon

[Anonymous No.8711435]

>>8711395
Not retail banker you brainlet. Those guys can't barely afford to make their car payment on their Honda civic

[GoldenShower No.8711445]

>>8711421
Hahahhaha. Well done anon.

[Anonymous No.8711448]

>>8711421
lel

[Anonymous No.8711473]

>>8711065
>>8711250
Don't listen to these boobs calling you deluded. You're part of a niche group that understands, 99.9% of the population doesn't even realize what's coming.

[Anonymous No.8711532]

>>8711473
>Said the other deluded retard

[Anonymous No.8711578]

Ah, great. Now what you don't consider is that said banks can always just run their own copy of the blockchain and so there is no need for them to buy any existing tokens. Did you really think they are going to pay you real money just because you bought something before they did it, you dumb nigger?

[GoldenShower No.8711588]

>>8711473
Oh, but YOU know what’s coming. You’ve watched ALL the TED talks and know how supply chain economics are gonna be REVOLUTIONIZED. THE BLOCKCHAIN REVOLUTION IS COMING. WE WILL LIVE IN GOVERNMENT-LESS ANARCHY AND WE WILL BE RICH BECAUSE OF SMART ORACLES!! ONLY 0.1% OF THE POPULATION KNOWS THIS

[Anonymous No.8711665]

>>8711578
You dont understand how chainlink works
implementing a decentralized oracle isn't something you can just whip up overnight

>>8711588
dunno about governmentless anarchy, but smart contracts are coming

[Anonymous No.8711758]

>>8711421
>>8711421
>>8711421
>>8711421
>>8711421


2 YEARS LATER
>be former tesla salesman
>begging on my favorite corner
>wild hair unkempt, patchy beard, coating of cheetos dust, fedora
>rock bottom

>invent time machine with collected aluminum cans and forma tesla salesman engineering prowess
>travel back in time 2 years prior to fancy lunch place
>see past self through cafe window
>fuckyeah.jpg

>approach past me to tip him off to acquiring one of the biggest % gain assets in modern financial history
>past me takes notes
>itshappening.gif

>wake up on the corner of the fancy cafe 2 years later in present year
>empathetic banker asks me for my REQ address to donate .001 LINK to me to help me buy dinner

>mfw no REQ coins to burn in txn

[GoldenShower No.8711768]

>>8711665
Smart contracts are already here and being developed for applications that 99.9% of the population (to use your stat) won’t notice or be affected by. Huge industries aren’t dying to revamp their entire paradigm to unnecessarily use blockchain though despite what people are trying to suggest.

[Anonymous No.8711808]

>>8711758
kek good story bro
link 10k eoy

[Anonymous No.8711823]

proof nigger?

[Anonymous No.8711843]

>>8711768
>applications that 99.9% of the population (to use your stat) won’t notice or be affected by.
The size of the api economy is $2.2 trillion.

> Huge industries aren’t dying to revamp their entire paradigm to unnecessarily use blockchain though despite what people are trying to suggest.
If it saves them money or time they will do it. Two of the benefits of smart contracts.

[Anonymous No.8711861]

>>8711758
hahaha genius

[Anonymous No.8711864]

>>8711578
Private blockchains are retarded because you'll never have enough hash power or nodes to send transactions through said blockchains without help from the public unless you plan on buying up enough equipment to do so, which brings them back to your original problem of paying money to use tech they don't need

[Anonymous No.8711906]

>>8711368
83% test coverage, faggot, sharp as fuck.

[Anonymous No.8711913]

Hourly reminder that financial institutions are absolutely interested in blockchain technology and smart contract integration. Pic related, capgemini is the largest IT consulting firm in europe, yearly revenue of over $15b usd. Anyone denying the smart contract revolution to come is a grade A certified brainlet.

[Anonymous No.8711992]

>>8710802
Thanks for the larp OP, was running low on hopeium

[Anonymous No.8712032]

>>8711578
you're retarded. Chainlink is literally the token the banking industry needs to stay relevant and be in compliant for PSD2 standards you dumb fuck. Its literally THE banker token. Sergey reports to them first before any of you small fry investors.

[Anonymous No.8712433]

>>8711913
Hourly reminder that financial institutions are absolutely interest in oracle networks.

https://blockoneiq.thomsonreuters.com/

[Colonel Popcorn No.8712467]

>>8712433
shit is that a competitor for LINK?

[Anonymous No.8712505]

>>8712467
Just found it. It looks to be based on R3 Corda, so its a centralized oracle solution.

[Anonymous No.8712593]

>>8711065
Don't listen to anybody.
Just sit tight and hold.
We will wipe our ass with their face end of year.

[Anonymous No.8712673]

you late adopters need to stop conflating oracles, and even chainlink itself with the price of the token.

the token is ultimately worthless when all valuable data will be provided by each source's owner, no tokens necessary to "prove" or "guarantee" it's valid. take it or leave it, because nobody else is competing for that same piece of data.

there will be no market for data, no competing with holding or staking tokens, nothing. no smart contract will ever risk taking data from a random oracle, they'll ensure the data they get is guaranteed to be from the source they choose, doing anything else would be incredibly dangerous.

[Anonymous No.8712745]

>>8712673

[Anonymous No.8712828]

>>8712433
>>8712467
>>8712505
That only provides data from one company - Thomson Reuters. It only provides it to a couple of blockchains too. Chainlink will be blockchain agnostic.

Plus, this FUD is retarded:
>>8712673
>>8711578
The advantage of chainlink is that they want to make it work with legacy systems, like those used by banks.

[Anonymous No.8712863]

>>8712828
>>8712673
>>8711578
Like, building and maintaining an oracle is full of difficulties, vornth on the chainlink subreddit has posted about it a couple of times. I won't pretend to understand exactly what it means. But the general idea is that it's such a hassle that it makes more sense for them to use one that will deal with that tech stuff and maintain the network.

[Anonymous No.8712917]

1000$ EOY

[Anonymous No.8712920]

>delusional bag holders who constantly misses their chance to sell above $1

[Anonymous No.8712928]

>>8712860
You have to if you're going to invest the money. You can't buy a house for example without paying tax on the cash, or else they'll notice that you're living outside of your means and you'll lose the house and face fines and/or prison

[Anonymous No.8712946]

>>8712673
dere wul be no markit for dada.

[Anonymous No.8712948]

>>8712673
ok mr smartass, why aren't they doing exactly that already then?

[Anonymous No.8713027]

>>8712863
yea, it's the oldest FUD about Chainlink, I remember brainlets posting it right after the ico
Fuckers don't understand the nowadays world of job-specificity.
It's like saying that why wouldn't farmers open their own gorcery stores, or why wouldn't grocery stores grow their own food

[Anonymous No.8713040]

>>8712828
I agree if anything it shows that big players are seeing the smart contract data as a legitimate future revenue stream.

[Anonymous No.8713089]

>>8713027

[Anonymous No.8713097]

I am to retarded to understand this guys. but I luv sergey and you guys. So I buy LINK. LINK GOGOGOGOO!

[Anonymous No.8713285]

>>8713027
dnt make go all in man im already in too deep these shitty fud is making me want to but more fuck

[Anonymous No.8713423]

>>8712673
>there will be no market for data
9/10 because any bait that makes me laugh out loud is fine.

[Anonymous No.8713624]

>>8713423
I'll make it easy to explain

One of the big use cases shilled for link is settling bets
Why would a bookie need to hit up a dozen unofficial random nodes for results from the handegg game when they can pull straight from the NFL?
There are only a few examples I can think of where decentralized oracles are needed and the potential for those cases aren't very large...

[Anonymous No.8713701]

>>8713624
except for the fact that the automatic triggering of these contrancts, and putting all of the money up front wont allow anybody to back out of payments when payments are due

[Anonymous No.8713760]

>>8713624
>One of the big use cases shilled for link is settling bets

I cannot wait for people to see the potential of smart contracts with betting / fantasy sports. LINK's oracle service paired with NFL / NBA / NHL / Boxing APIs to let people bet directly against each other is going to be nuts

[Anonymous No.8713797]

>>8713624
>One of the big use cases shilled for link is settling bets
Betting is one single use case, and not a huge one, but that's not worth arguing about, so let's run with it.
>Why would a bookie need to hit up a dozen unofficial random nodes for results from the handegg game when they can pull straight from the NFL?
Is your question basically "Why would someone use a trustless oracle network instead of just pulling the APIs themselves and translating them into smart contract readable formats? Because I can answer that. It's trustless. That means the other party doesn't have to trust the bookie to do an honest job. What is more reliable, more secure and more redundant: Asking one person for a piece of data, or asking 10 people for a piece of data, who are all directly incentivised to give honest answers, and who can't compare their answers prior to submission?
>There are only a few examples I can think of where decentralized oracles are needed and the potential for those cases aren't very large...
Then you have done fuck all research. Sergey doesn't talk about fucking betting, or Ethletes, or any of this low tier shit. He talks about global derivatives settlement, bond processing, insurance. Trillion dollar markets with highly complicated reconciliation processes where trustless data feeds are insanely more efficient, redundant, secure and preferable than any other system.
"But big business won't trust random node operators" read what I said about about 1 answer vs 10 answers. Think for a second about why Sergey is drawing analogies to SaaS. What happened with SaaS? No business was going to outsource software, it's too insecure, they'd want control. But they DID, because it was cheaper, and because, given the option, they like more money.
And they're sure as fuck going to do it again, when end-to-end trustless smart contracts pass the tipping point.

Read more.

[Anonymous No.8713805]

>>8713624
>>8713760
also, even if it is slightly more practical and easy to use a smart contract, normies will do it, because it is cool, it is new, and it will be trending.

[Anonymous No.8713869]

>>8713624
>it's another brainlet doesn't understand the difference between the oracle problem and the true data problem episode

[Anonymous No.8713928]

>>8713797
why the fuck did i try to click the "read more"

[Anonymous No.8713971]

These threads strengthen my grip. Thanks, I was needing it.

[Anonymous No.8714448]

>>8713797
>8713797
So LINK is not a meme?

[Anonymous No.8714522]

>>8713797
/comfy/ post bruh. I'll give you 100 free athLINKs after I make my smart contract based fantasy betting website.

[Anonymous No.8715648]

>>8713797
Based