/biz/ - Business & Finance

[Anonymous No.12488128]

Newfag from /pol/ here. What's with all the hype about ChainLink? What's so good about it?

[Anonymous No.12488131]

>>12488128
Fuck off

[Anonymous No.12488153]

Nothing. It's just an "inside joke" that has gone way too far.

[Anonymous No.12488156]

It'll be the backbone of the fourth industrial revolution.

[Anonymous No.12488160]

Nothing. It's just the infrastructure of the 4th industrial revolution.

[Anonymous No.12488164]

>>12488156
Majestic

[Anonymous No.12488170]

I heard it's the next BITcoin.

[Anonymous No.12488171]

You need to go back

[Anonymous No.12488226]

>>12488128
>Newfag from /pol/ here.
Ou have to go back

[Anonymous No.12488231]

>>12488226
>>12488171
t. subhuman homunculi

[Anonymous No.12488309]

>>12488128

Read the whitepaper when you get a chance.

>What's so good about it?
Data, collateral, trust, reputation n shit

[Anonymous No.12488310]

Go back poledditor

[Anonymous No.12488314]

>What is Chainlink?
Chainlink is a decentralized network of oracles reliably inputting data to smart contracts.

>What is the LINK token and why do I want to buy it?
The LINK token is what Oracle operators require to operate. Operators lock away huge stacks of LINK in their Oracles because the more they lock away, the pricier the contract they can submit info to.

>Why don't Oracle operators just get paid in USD?
Because the network runs on LINK tokens. The more usage the network gets, the pricier each token becomes.

>How do I buy LINK tokens? Currently you can only buy LINK from cryptocurrency exchanges, but soon there will be official, direct gateways to convert USD/LINK, EURO/LINK, ETC.

>What are oracles and why do we need them?
Oracles and their operators are what and how the flow of constant information is submitted to the Chainlink network.

>How are oracles decentralized?
Decentralized means anyone and not a select few can run an Oracle and upload information. There is a reputation system built in that punishes people who submit disinformation, and rewards people who submit true information.

>What information do I submit? Whatever information you are tasked to submit.

>Who or what decides what information I submitted is true?
The network decides, based on majority rule, which is effectively the only way to decide. Going back to the reward/punishment system in the previous question, no operator who takes their job seriously will risk losing it over being persuaded to upload wrong information.

>What are smart contracts? Automatically executing digital contracts, which will replace future legal agreements, where contracts execute on their own instead being executed by either party of the contract.

>How does the contract know when to execute?
When conditions programmed into the contract are fulfilled, the contract executes.

>Who does this network help?
Every mega corporations. It will save billions of dollars in claims processes, bond payments, etc.

[Anonymous No.12488330]

>>12488153
This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

[Anonymous No.12488343]

>>12488128
>pol refugee
Build a wall

[Anonymous No.12488346]

>>12488128
It’s a coin popular with Jews and SJWs

[Anonymous No.12488377]

>What is Chainlink?
Chainlink is a decentralized network of oracles reliably inputting data to smart contracts.

>What is the LINK token and why do I want to buy it?
The LINK token is what Oracle operators require to operate. Operators lock away huge stacks of LINK in their Oracles because the more they lock away, the pricier the contract they can submit info to.

>Why don't Oracle operators just get paid in USD?
Because the network runs on LINK tokens. The more usage the network gets, the pricier each token becomes.

>How do I buy LINK tokens?
Currently you can only buy LINK from cryptocurrency exchanges, but soon there will be official, direct gateways to convert USD/LINK, EURO/LINK, ETC.

>What are oracles and why do we need them?
Oracles and their operators are what and how the flow of constant information is submitted to the Chainlink network.

>How are oracles decentralized?
Decentralized means anyone, not a select, few can run an Oracle and upload information. A reputation system is built in that punishes niggers who submit bad information, and rewards people who submit true information.

>What information do I submit?
Information you are tasked to submit.

>What decides the information I submitted is true?
The network decides, based on majority rule, which is effectively the only way to decide. Based on the reward/punishment system in the previous question, operators who take their job seriously won't risk losing it over being persuaded to upload wrong information.

>What are smart contracts?
Automatically executing digital contracts, which will replace future legal agreements, where a contract executes on its own instead being executed by either party in the contract.

>How does the contract know when to execute?
When conditions in the contract are fulfilled, the contract executes.

>Who does Chainlink benefit?
You buy now, and get rich when the network takes off, and every mega corporation will save billions of dollars in payments, claims processes, etc.

[Anonymous No.12488392]

>>12488343
>Reply
kek im ded

[Anonymous No.12488397]

>>12488377
Link is just a scam bro all those things people have researched are just random bits of other projects anons have tried to picked together to make it our coin

[Anonymous No.12488402]

>>12488397
Your digits disagree

[Anonymous No.12488415]

>>12488128
Skynet

[Anonymous No.12488417]

>>12488377
you forgot to mention that the inventors of this shitcoin own 2/3 of it and that most coins are deposited on exchanges kek

[Anonymous No.12488426]

>>12488128
Scam. It will be used to destroy the jobs of hard-working Americans.

[Anonymous No.12488432]

>>12488417
Isn't the withdrawal fee on binance 10 link?
I ain't paying 10K to get off the safest haven for my funds

[Anonymous No.12488437]

>>12488128
Oi

[Anonymous No.12488447]

>>12488128
imagine the pump if /pol/ started shilling chainlink.

[Anonymous No.12488450]

>>12488377
checked

[Anonymous No.12488462]

>>12488128
HA FAGGOT U GUYS CALLED ME A NIGGER IN UR FLAG THREAD AND NOW YOU WANT INFORMATION ON THE GOD PROTOCOL!

FUCKING BRAINLET NIGGER FUCK YOU STAY POOR DO NOT BUY!

[Anonymous No.12488471]

>>12488432
More like 1.5 links is the withdrawal fee.

You don't own your LINKs if you just let them sit on some exchanges. There is literally no other reason to keep them on exchanges if you are not swingtrading it or accumulating.

[Anonymous No.12488478]

it doesnt matter, because smart contracts and storing value on the blockchain will shift society into a cashless one, creating a fuckload of (((big data))). You think shits creepy now? Just wait another 10 years when everythings logged on chain and kids born >'05 slowly turns working age with their jewgle accounts holding their entire youtube and google search/play history since they first held an iphone. The surveillance will all be normal to them, making this generation and next the perfect breed for indocrination. Nobody of their own will be able to fight for their interests, because everyone's history is compromised and people expect their heroes to be perfect.

All of this will be building up to the releasing of breadcrumbs about our true origin, existence of aliens, previous civilizations on earth, all before the climax of project bluebeam where a charismatic individual will unite humanity under a one world government and propel us toward spiritual enlightenment, fulfilling all guidelines on the georgia guidestones and preparing us for entry into the galactic federation

personally im all in

[Anonymous No.12488491]

>>12488426

[Anonymous No.12488496]

>>12488128
>from /pol/ here
no need for the newfag, we'd know from this you election troglodyte

[Anonymous No.12488498]

>>12488330
tldr

[Anonymous No.12488516]

>>12488471
>1.5 link
oh, they lowered it at some point. neat.
you don't really "own" any crypto assets. you have a claim on them backed by a blockchain.

[Anonymous No.12488662]

>>12488478

u fucking maniac wow.

t. Personally im all in too.