I'll explain something for you /biz/

[Anonymous No.13249537]

Most won't take the time to read this
For those that do, enjoy

A while back there was a clip that cirulated where a bitcoin maximalist said something to the effect of "if someone were to solve the oracle problem, it would be worth more than all of crypto"

He then went on to give the standard counterargument that sybill attacks fundamentally prevent resolution of the oracle problem.

He was almost right

Here's the reality: in isolation without external factors this is correct. Put differently: if all of crypto was created de-novo and no data/api providers existed before the advent of chainlink, there would exist an equilibrium at which sybill attacks would be more profitable than delivering quality data or outputs. If this was the case, there are ways of breaking this state, but they involve exchange of value first in a non-deterministic manner and then using the experience from that to bootstrap an oracle network....

[Anonymous No.13249557]

>>13249537
Is it good for chainlink?

[Anonymous No.13249563]

>>13249557
not buying your bags, stinky

[Anonymous No.13249571]

>>13249563
We aren't selling you seething bitch

[Anonymous No.13249573]

>>13249537
FUCK NIGGERS
FUCK JANNIES
AND
FUCK MOBIUS PAJEET

CHAINLINK THOUSAND DOLLAR END OF YEAR

[Anonymous No.13249581]

>>13249537
Fortunately, before crypto the world did exist. This led to trust systems being developed to reign in this situation (lawsuits, word-of-mouth reputation, the value of name recognition) in a world of non-deterministic interactions. For chainlink this is an absolute blessing.

The entwork will launch with actors providing APIs and data that are linked to their real-world names and practices. This means that even outside of the sybill equilibrium, there will be significant pressure to have high quality inputs and outputs. A bank can't expect to keep its good name if it makes a habit of screwing its smart contract customers while keeping good practices with its standard customers.

So what follows logically from this? The initial network has to tap into this entropy of trust left over from the non-deterministic world. In other words, it can't be decentralized initially unless the network wants to go through a growth period where bad behavior is actually game-theory optimal (with asymptotic approach to trustworthy behavior).

Human beings being what they are, such a period would sour people against the use of smart contracts if they could be scammed early on, even if they were safer than conventional alternatives...

[Anonymous No.13249600]

>>13249581
Yeah I fucking knew it dude, $1000 EOY. Glad you wrote it so I didn't have to.

[Anonymous No.13249616]

>>13249537
Richard Hart said that. Yeeauuup.

[Anonymous No.13249620]

>>13249581
For an example of this look at common perception of bitcoin. It has provided 24/7 value transfer at discount rates since its launch 10 years ago. During that time billions have been transferred without loss. On top of that it has increased in value from less than a dollar to over a thousand dollars. Any stock, bond or precious metal that did that would be hailed as the greatest investment in the history of the world.

But human perception matters.

For that reason the chainlink network cannot launch decentralized and must launch with as much provider/node transparency as possible. This sets the floor for node behavior when the network does decentralize. Only though doing it this way will people, with all their flaws, see the value.

Put another way: the only way to successfully launch any oracle network is from the top down with respect to real-world trust. If you could launch a perfectly coded, perfectly transparent, perfectly decentralized oracle network right now you would still lose to chainlink. An oracle network must first have the buy in (and implicit pledge to perform) of those agencies with the most real world trust. The network which harvests these residual trust sources from the real world is the one that wins, and the one that wins is the de facto monopoly because those that can't harvest this resource must traverse the sybill period to launch...

[Anonymous No.13249654]

>>13249620
You are about to see an entire industry (the trust assurances industry) be swallowed whole by a decentralized network. The marginal value of all trust assurances services in the world (contracts lawyers, non-criminal courts, administrative workers etc.) will become the chainlink network. Those groups which don't make this transition will cease to exist. In 20 years it will be hard to imagine how the world functioned without such a network, just as it's hard to imagine a world without the internet now.

You're about to watch the whole world realize, slowly, this new reality. Remember that it takes hours and hours of dedication to get what I'm saying right now. Next year you'll just have to be a CEO/CTO level person to understand. The year after that, someone who is considered smart and cutting edge. You're about to witness all of this happen...

[Anonymous No.13249664]

Thank you for the explanation smartanon

[Anonymous No.13249666]

>>13249654
At this point, there is nothing that can be done to stop it. Even if the whole chainlink team died, the cat is out of the bag. Once traditional trust assurers understand this, such a network can't not exist.


Be good and enjoy the ride frens

[Anonymous No.13249684]

damnnn this is Bearish for LINK going to sell 45k now

[Anonymous No.13249702]

>>13249600
Checked

[Anonymous No.13249719]

>>13249666
The devil's digits confirm. The ride gonna be fun. Appreciate the insight anon.

[Anonymous No.13249744]

trust is such an intangible thing, it's hard to wrap my brain around this stuff.

[Anonymous No.13249764]

Chainlink 1000 eoy

[Anonymous No.13249795]

>>13249666
D'em digits dude.
Is it you, soberanon?

[Anonymous No.13249807]

[Anonymous No.13249818]

>>13249666
this is old news, but thanks anyways.

[Anonymous No.13249848]

>>13249744
>grug have meat
>krug have two shiny rock
>krug want meat and willing to give shiny rock for grug meat
>krug no trust grug
>krug give long nose tribe second shiny rock to watch deal and make sure grug no cheat
>krug give shiny rock and get meat

[Anonymous No.13249853]

>>13249537
>>13249581
>>13249620
>>13249654
>>13249666
Extremely based, extremely linkpilled and very, very, dank.

[Anonymous No.13249854]

[Anonymous No.13249873]

>>13249853
>those tokenised homosexuals

[Anonymous No.13249890]

how bullish for reality that link is the last hope for the money printers

[Anonymous No.13249895]

[Anonymous No.13249897]

How much longer does biz have to accumulate?

[Anonymous No.13249899]

dayum, bro. it's been awhile since I read a good linkpill. props.

[Anonymous No.13249981]

Can you guys imagine the day link tops $100 and this board is flooded with a thousand “I’m a millionaire” posts. No stinkers are literally going to be killing themselves, it’s going to be fucking crazy

[Anonymous No.13250027]

>>13249981
>the delusion
LMAO.

[Anonymous No.13250140]

>>13249666
well said friend

[Anonymous No.13250150]

>>13249537
This is unironically on point

[Anonymous No.13250190]

>>13250027
buy some linkies, fren. i don't want you to be just another nolinkie suicide statistic...

[Anonymous No.13250198]

>>13249981
I'm holding a lot of LINK but I honestly don't expect it to moon just because the scenario you outlined doesn't seem possible. Biz can't actually make it.

[Anonymous No.13250202]

>>13249981
Yeah but I'm unironicallt thinking this could take 7-8 years.

[Anonymous No.13250277]

>only 2 project developers
>sergay eating millions in shareholder dollars
hard pass

[Anonymous No.13250326]

>>13249666
based and checked

[Anonymous No.13250592]

This scam has gone on long enough. It’s one thing to dupp retards on 4channel.org but when you “people” start trying to infect my beloved redddit I must come here and stop the insanity. Chainlink is a scam. Everything op has said is correct except it’s applicable to codius. A fat neck beard wearing s flannel isn’t going to outgun Brad Garlinghouse and David Schwartz. An actual bear Jew vs a fat Russian. Hmmm which would you pick to back at solving the oracle problem and getting the solution adopted. If you said the Russian, kill yourself. XRP is the saviour of crypto. Chainlink 0.0001 EOY. Get aboard the XRP train or stay sad and stay poor

[Anonymous No.13250698]

>>13249981
Can you guys imagine the day link goes to zero and this board is flooded with a thousand "AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA" posts. Linkie stinkies are literally going to be killing themselves, it's going to be fucking crazy

[Anonymous No.13250969]

>>13250198
There are people here that bought ETH at $4. The only thing stopping everyone from having become millionaires is they all sold when it hit $40-$70. Personally, I will not make that mistake again.

t. 110k stinkies

[Anonymous No.13251064]

>>13249654
The sanest of prophecies is unironically the most exciting. Still crashing to 20 cents before we pop off to over a buck by eoy and stabilize there for prob another half a year. By then Sergey will have absorped enough big macs to brap so loudly the entire financial market submits to the Alphamus Prime of the 4th industrial revolution.

[Anonymous No.13251078]

>>13249848
Underrated

[Anonymous No.13251095]

>>13249853
>mozaralle airdrop

Sides orbiting

[Anonymous No.13251121]

>>13250592
They dont conflict with each other, rather they synergize.

[Anonymous No.13251132]

>>13250969
Whats your target?

Ive got 160k LINK.
My make it number is $20 Million

[Anonymous No.13251150]

>>13251132
>Whats your target?
I'm honestly not sure. If we're talking my dreams, I'll sell half at $100. No idea where it'll really get to, though. But I'm not selling really early this time.

[Anonymous No.13251156]

[Anonymous No.13251166]

>>13251156
Great meme.
Ill be using it anon

[Anonymous No.13251177]

>>13251150
I feel like at $100 id dump a large chunk too.
what if a node is paying enough to live like a baller ? Like $15k- $20k per month? Im I deluded? Yes. Is this all possible? Yes.

[Anonymous No.13251179]

>>13249666
>enjoy the ride
check'd

[Anonymous No.13251182]

>>13251166
>>13251177

Check em bitches

[Anonymous No.13251231]

>>13250202
This.

>>13251132
I'd like 20M as well. It's going to be insanely difficult not to sell early if this stretches out for more than 2 or 3 years from now. I'll have to sell a good part of my stack to secure a few million between $100-300 but after that I'm going to just hold for as long as possible unless it totally plummets.

[Anonymous No.13251243]

>>13251177
I'm with you, fren. Here's hoping to see you at the yacht party (speaking of shared delusions). Godspeed.

[Anonymous No.13251254]

I'm a brainlet, what does all of OP's rambling even mean? Bullish or bearish?

[Anonymous No.13251285]

>>13249666
Dude you just blew my fucking mind don't leave
Can you tell sergey this shit
What the fuck is this stupid website

[Anonymous No.13251321]

>>13250969
>>13251132
why the fuck every time i increase my stack people start posting they have 100k link?

t.36k linker

[Anonymous No.13251326]

>>13251321
I think a lot of people larp about it. But I genuinely have over 100k. It's the majority of my crypto holdings.

[Anonymous No.13251329]

>>13251231
I think will go through another crypto bubble before LINK really starts gaining traction in the real world. We might hit a big valuation and it might make good sense to sell a lot of LINK when we're near the top, but once YOU and I start seeing smart contracts when we're signing mortgages or whatever, that's when you know we've really made it.

[Anonymous No.13251334]

>>13251321
Keep grinding anon.
get your stack up. Youve got 2 more months at under a $1

[Anonymous No.13251396]

>>13249848
based and grugpilled

[Anonymous No.13251421]

>>13249620
My high IQ tells me this is good stuff, you misspelled through though.

[Anonymous No.13251429]

>>13249848
In english doc

[Anonymous No.13251432]

>>13251329
Yeah. Never forget that it's always better to be less rich than poor. Watch the charts and have a feel for market sentiment. Imagine those dudes who thought NEO was going to 500 and held from 150 all the way down to 8 bucks. I couldn't handle something like that. I'll be taking profits when it makes sense to. But I'll also hold a large portion of my stack for the long haul.

[Anonymous No.13251506]

>>13251326
i belive you. i just have to wait longer till i can sell any

>>13251334
im a neet and am running out of money

[Anonymous No.13251528]

>>13251506
Get a job, Anon. You're gonna make it soon.. but you're not above working.

[Anonymous No.13251552]

>>13251528
i need to im only qualified to dig ditches. I fell for the college is a meme meme

[Anonymous No.13252282]

[Anonymous No.13252504]

>>13251552
college is a meme
t. dropout

[Anonymous No.13252535]

>>13250326

[Anonymous No.13252537]

>>13250969
I bought ETH at $8, just not enough
A mistake im not making again.
100k link on hardware wallet. Wont sell a single stinky till min $100

[Anonymous No.13252575]

[Anonymous No.13252619]

>>13249654
>hours and hours of dedication, CEO/CTO level,...
lol anon I got it immediately.

[Anonymous No.13252642]

>>13249537
>>13249581
>>13249620
>>13249654
>>13249666
There are still smart people on /biz/... Thanks OP

[Anonymous No.13252783]

Im drunk as fuck in an uber coming home from a house music show and im reading this and it makes me moist

[Anonymous No.13252822]

Question should i be buying eth or just link?

[Anonymous No.13252834]

Unironically the number u want to sell at is $400 thats what the time traveling DMT anons confirmed

[Anonymous No.13253316]

>>13252834
Selling no more than 10% is recommended at that point. I've been accessing the timeless knowledge for quite a while with the help of regular hemi-sync sessions. Consciousness really does reach beyond time and it really can be used for one's advantage. Every time I concentrate on seeing the future of Chainlink I'm hit with a massive amount of positive energy. Feels like the source is endless.

We might see prices of housands or even tens of thousands per one link token in less than 10 years. Will only take a couple of years for us to already be filthy rich. Be prepared my frens

[Anonymous No.13253432]

>>13249666
Wow, bravo!

[Anonymous No.13253438]

>>13253316
The birds and the bees and the niggers in the trees.

[Anonymous No.13253443]

sooo none of you know this but op just unintentionally wrote an iota thread.

maybe one day you’ll decide to stop being wrong and poor. maybe.

[Anonymous No.13253665]

>>13249537

[Anonymous No.13254192]

https://vocaroo.com/i/s0Y57tcYff4G

[Anonymous No.13254274]

>>13254192
It sounds like RSD Tyler talking about chainlink tokenomics... Weird

[Anonymous No.13254461]

>>13254274
They mostly come at night, mostly.