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/biz/ - Business & Finance


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File: 1.07 MB, 1290x732, thatsabigring.png [View same] [iqdb] [saucenao] [google]
27393406 No.27393406 [Reply] [Original]

> think there is two very important factors that developers who are looking to get in this industry should consider very, very very seriously when comparing it to other endeavors they are looking to do. I think the first one is that this industry while already having over 25 billion in value locked in various applications, is just at the beginning. There is over a trillion dollars value in the crypto asset format that can be put into defi protocol. So while 25 billion is a very sizable number, it is a very small percentage of all the assets that could be in these systems.

>> No.27393466
File: 833 KB, 832x683, 64D29576-6212-4847-ADB9-A24F952388CC.png [View same] [iqdb] [saucenao] [google]
27393466

>>27393406

>> No.27393493
File: 1.09 MB, 1324x756, 25billionissmall.png [View same] [iqdb] [saucenao] [google]
27393493

>>27393406
>It basically means there is a huge user base, a small percent of which has made its way into defi products, generally. And that user base is also continuing to grow. So you have a growing general user base, and you have a growing funnel of users going into this format of defi financial products. And that’s really one of the largest predictors of success for many startups, is am I in a market that allows me to succeed. Am I in a market where people have demand for my products, in addition to the products of other people in the market, largely due to growth. So market is one of the most important things, out there when making an early stage technology company.

>> No.27393543

>>27393406
Scam

>> No.27393618
File: 1.05 MB, 1320x746, hello.png [View same] [iqdb] [saucenao] [google]
27393618

>>27393493
>The second nuance that I think has really come about maybe in the last year, maybe in 2020 or the end of 2019, is the fact that infrastructure has finally got to the place where developers can easily build their financial products without having building infrastructure. So infrastructure takes teams, of tens and hundreds of people sometimes, to get to the point where it is easily applied by developers while also being secure. Its very had to build something that is secure and easy to use. And infrastructure is no different. But luckily for developers of defi products, we’ve now arrived at a place where smart contract platforms like binance smart chain, like ethereum, like others, have gotten to the place where people can build decentralized financial products on them, and that there are oracle systems and other systems like Chainlink that provide data, and when you combine those two dynamics; a platform where you can build smart contracts, and the ability to trigger those contracts from external data, and that is now something that developers can easily consume without having to build it, like they would have had to build it maybe a year and a half ago, you arrive at entirely different dynamic and speed and quality at which people can build things. So the efficiency at which you can build a decentralized financial product has also rapidly improved.

>> No.27393703

>>27393406
>>27393493
>>27393618
Sergey is the crypto Steve Jobs.

>> No.27393736

I just sold

>> No.27393812

>>27393493
Only market this fatfuck knows is binance where he goes to take a huge shit on his cult

>> No.27393870

>OP buys chaincrap @ATH
>Muh pump to duh moonz
>Hey guys, 5.25" dick isn't small...right?

These shill threads are oh so tiresome.

>> No.27394049

>>27393618
Jesus fuck my dick.

>> No.27394075

>>27393543
Hey, I am the scam shouting guy. And this isn't one.

>> No.27394205

Ok idiot, keep holding your ancient shit coins
I don’t follow these shitcoins, I hold xsn on my portfolio
If this niggers believe in that shit this is their problem.
Layer2 DEX is gem.

>> No.27394635
File: 1.06 MB, 1302x742, nice.png [View same] [iqdb] [saucenao] [google]
27394635

>>27393618
>So right now, Chainlink provides the majority of defi’s price data. And price data is very important because it allows those smart contracts to trigger, to react to market events which is fundamentally what they do. But that is really the tip of the iceberg. That’s really the beginning of what chainlink does as a general purpose, trust minimized form of off chain computation. So price data is one set of data, then there is weather data for insurance, there’s randomness for gaming, there’s sports scores for prediction markets, all those are different pieces of data. And we have already begun putting those various pieces of data on chain, and as we put new pieces of data on chain, we see insurance products like Arbol, we see prediction markets for election results, we see all kinds of things around sporting events, and really the flow of data correlates to the creation of these new smart contracts and various gaming and defi and other verticals like insurance.

>> No.27394930

if i could hug and snuggle sir gay irl i would no homo

>> No.27394954

https://youtu.be/g9dJ9q0z_94
I liked what the other guy from Chainlink said in the second segment.

>> No.27395034

good thread

>> No.27395230

>>27394635
>iceberg
>berg
I'm not falling for this.

>> No.27395310

>>27393703
>Sergey is the crypto Steve Jobs.
A massive faggot?

>> No.27395517
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27395517

>> No.27395523

>>27393703
no, sergey actually does stuff and isn't a marketing mongoose, if anything sergey is the nikola tesla of crypto

>> No.27395708

If you haven't read the Chainlink blog post on composability, now would be a good time.

>> No.27395736

>>27394075
This is 100% a russian scam, their "office" is a nail salon in the gayman islands

>> No.27395746

>>27395517
so what youre saying is that... theyre married?

>> No.27395763
File: 1.04 MB, 1310x742, woahman.png [View same] [iqdb] [saucenao] [google]
27395763

>>27394635
>Beyond that, I think chainlink will be a method of trust minimized off chain computation, that will allow all the worlds events, data and commands, to reliably be filtered into all the worlds decentralized systems that house smart contracts, such as blockchains and DLT’s and others, whether they are in private or in public format. One example of this is how chainlink is already able to something like proof of reserves, where we are able to initially prove that certain crypto assets are locked up in something like Wrapped Bitcoin. Wrapped bitcoin uses proof of reserves. Then we graduated that to be able to prove some things about bank accounts, so there are certain stable coins like TUSD and Paxos, that are now on tract to use proof of reserves to prove things about bank accounts backing their stable coin, essentially proving that their are assets behind the stable coin, or the defi tradable token asset.

>> No.27395777

thanks, i just didnt sell

>> No.27395858

>>27393406
>>27393493
>>27393618
>>27394635
I like how you posted a screenshot of Sirgay's face from the stream with every quote
it helps me visualize him saying it

>> No.27395870
File: 176 KB, 828x765, 1611739713158.jpg [View same] [iqdb] [saucenao] [google]
27395870

>>27393406

>> No.27395887

>>27395777
thanks just bought 100K and checked

>> No.27395991

>>27395517
Sergey's ring looks like one of those sleep tracking health ones.

>> No.27396166

>>27395763
anon kindly post it into one text file/pastebin when you're done, I will gladly edit it

>> No.27396330

Theres no denying link is a great coin and there is real value in but this bastard fucker apparently keeps buying cheeseburgers or some shit.

>> No.27396403

god I love this man

>> No.27396508

>>27395763
PoR for bank accounts requires read only TLS access. We know what that means.

>> No.27396576

>>27393870
>priced out poorfag is reminded once again that he is priced out
>immediately starts frothing at the mouth and ranting about 5 inch penises
Ok, faggot

>> No.27396617
File: 1015 KB, 1282x726, serg.png [View same] [iqdb] [saucenao] [google]
27396617

>>27395763
>And now most recently proof of reserves has actually started proving things about gold ownership, in gold custody systems. So not only does chainlink provide the worlds existing data, but it creates a group of independent agents, oracles, that can generate new data about things like proof of reserves. And we are launching this successfully, you know we are announced for over 70 chains, and we are rapidly launching on many of those chains such as binance smart chain, where we now I think considered the dominant, primarily used oracle for providing price data, other types of market data, proof of reserves, and all these other inputs. So I think that chainlink is only getting started in providing price data to defi, and has done a very good job at that. But that same security and decentralized consensus, about off chain events, is really applicable to all of the worlds data, which needs to be filtered into the smart contract world for consumption. Because without that filtering, it isn’t usable. It isn’t decentralized or secure enough to be used by these smart contracts.

>> No.27396737

>CHAINLINK
legitimiterally who'm'st've'r'd'im?

>> No.27396792

>>27396508
Your village is getting a tractor for Kwanzaa.

>> No.27396923
File: 58 KB, 528x219, 2019-08-13 06.06.27 pm.png [View same] [iqdb] [saucenao] [google]
27396923

Sergey Nakamoto.

>> No.27396934

>>27393466
>>27393543
>>27393736
>>27393812
>>27393870
>>27394049
>>27394205
>>27396330


sweet vishnu

>> No.27396978

>>27394635
I think I'm gonna coom.
LP rewards are just going to skyrocket when new feeds are added.

>> No.27397016
File: 255 KB, 587x546, GoldSergey.jpg [View same] [iqdb] [saucenao] [google]
27397016

Upvoting non newfaggot thread.

What is happening on the 16th Link frens?

I've got 20k Link and I want to hit a million this year.

>> No.27397045
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27397045

>>27393406
Thank you, anon.
Shout out to all my deaf homies

>> No.27397064

should I go work at chainlink?
I work at FANG now and getting a bit tired of it

>> No.27397136

>>27397016
Staking.

>> No.27397172

>>27396617
God we are so fucking early. God bless Sergey Nazarov

>> No.27397190

why THE FUCK didn't I just buy qnt instead of stupid link stink :(

>> No.27397248

>>27397064
Yes.

>> No.27397358

>>27397016
Checked your 16. Wouldn't surprise me if Arbitrum mainnet hits early or staking is released. Arbitrum will singlehandedly jump start the bullrun when dexes don't require $50 in gas per transaction

>> No.27397367
File: 118 KB, 512x330, Oura-Ring-smart-Ring[1].png [View same] [iqdb] [saucenao] [google]
27397367

>>27395991
It is.

>> No.27397370

>>27397064
Hell yes. If you are a big brain that can contribute. I'm a 130 IQ midwit Accountant and don't have much to offer, but I would scrub toilets for Sergey if he paid me in Link.

>> No.27397386
File: 1.04 MB, 1292x734, inaddition.png [View same] [iqdb] [saucenao] [google]
27397386

>>27396617
>And in addition to that, I think you’re going to see, things like proof of reserve, and various computational uses of chainlink oracle networks, to prove things certain things about the world, even if there isn’t a data source immediately available. So I think that the real nature of chainlink is gonna be providing price data, providing more collateral into the defi ecosystem by making it reliable, generating all kinds of new categories smart contract usage through data beyond price data, and being a general purpose abstraction layer that basically enables trust minimized off chain computation, filtering all of the worlds events and data into blockchains, in both the private and public format.

can someone tally up how many times sergey has talked about 'all the worlds data' thus far?

>> No.27397619

just switch to uni
by linkies

>> No.27398035

>>27395858
Me too

>> No.27398116

>>27397386
must be important then

>> No.27398278

>>27397064
FAANG has been bloated and rotting for the latter half of the decade. Defi will literally flush all of these insect middle management AGILE faggots.

>> No.27398309
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27398309

>>27397016
Probably nothing, all these special dates turn out to be pretty unreliable

>> No.27398494
File: 54 KB, 2160x471, _20210201_194757.jpg [View same] [iqdb] [saucenao] [google]
27398494

Im actually getting close to heading straight to the smart contract office and raping sergey in VRchat.

>> No.27398542

>>27398494
wtf is this real?

>> No.27398609

>>27398542
Yep

>> No.27398749

>>27398609
those cheeky fucks

>> No.27398950

>>27398609
Oh Good God! Am I excited for 9.11

>> No.27399047
File: 1.10 MB, 1302x744, risks.png [View same] [iqdb] [saucenao] [google]
27399047

>>27397386
>*question about data quality*
>Sure, so that is a very important kind of question that really developers and people building these protocols have learned to take more seriously over time as there is more money locked up inside of them, and the people that don’t that question seriously, you know that have serious risks to their protocol and their smart contract. The answer to that is really once again decentralization. So if we think about what is the concept of decentralization. Its the idea that you have multiple independent entities, multiple independent computing environments, proving something collectively, in larger and larger numbers. So this is actually what chainlink does for the worlds data, and turns the worlds data into validated data, to the degree that it can now be used by a smart contract.

>> No.27399146

>>27398950
How long was 0.8 to 0.9? That at least gives some idea of how long until they fucking do anything.

>> No.27399212

>>27396617
Jesus fuck, LINK is going to be the backbone of the true global financial system. One where no country can fuck others over with Jewish currency and tariff tricks without putting their own ass on the line to try it.
Confidence in the USD is about to waver, and we're going to be there to provide a real solution to the problem of money.

>> No.27399222

>>27395736
Pls post the photoshop of him behind the glass with the obviously edited banner atop again. I want to have a laugh

>> No.27399599
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27399599

>> No.27399677

>>27397367
This seems bullish to me.

>> No.27399885

WTF IS THIS ARBITRUM SCAM

FUCKING BETRAYER

>> No.27399888

>>27395736
No, that is an 'office'. Their actual offices are in SF and NY

>> No.27399944

>>27399677
He probably got warned by the doctors that sleeping 14 hours a day isn't strictly healthy. Bullish for the team actually doing something this decade if he brings it down to a moderate 12 hours a night.

>> No.27399996

>>27399222
>>27399599
>>27399677
Checked
MY LINKY STAYS STINKY

>> No.27400116
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27400116

>>27399677
He seems to be caring more about the state of his health, and that's a good thing! But I can't tell if him losing some of his money belly is bearish though...

>> No.27400156

>>27396508
Deco, right?

>> No.27400183
File: 1.11 MB, 1286x742, sergey3.png [View same] [iqdb] [saucenao] [google]
27400183

>>27399047
>So in the early days, the very very first days of smart contracts and defi, and this is part of the reason why I think defi didn’t take off for a long time, you essentially had a very strange story, where you had a massive amount of centralization in the smart contract platform, but then that was controlled by an oracle run by a team. It was controlled by an oracle run by you know, Tim in IT, the team member of the protocol, and he runs the oracle and you have this weird proposition where your basically saying, Hey, this is highly decentralized, its the future of finance because it works in a completely different decentralized mode from all the other financial products out there. and even if the smart contract was written into a decentralized and audit and proven to be secure in certain ways, the control over that contract comes from two sources. It comes from private keys, that can through multi sig schemes of certain kinds, approve or make changes to the contract, and then in the case of defi, its highly controlled through the oracle.

>> No.27400187
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27400187

>>27399222
Checked
CAN SOMEONE PLEASE LINK THE INTERVIEW

>> No.27400197

>>27399212
Depending on how deluded you want to go, you could argue that US monetary policy is particularly insane at the moment because the powers that be are aware they are in the final epoch of non-accountable global finance.
Once the smart contract revolution kicks in and runs everything, the game will be "locked" into a much higher level of honesty and accountability. Might as well make hay until that happens.

>> No.27400318

>>27400156
Yup.

>> No.27400473

>>27400187
it's been in the thread for a while. >>27394954

>> No.27400597

>>27399212
i was reading about cede & co and the depository trust company last night, and it really illuminated some things for me. Basically they're a centralized clearing house that maintains all securities accounts in the US. Since the 70's nobody actually owns stock. DTC is the owner of all stock shares, and they work with clearing houses and brokerages to essentially give out permissions to people who wish to buy stock. The individual investor doesn't actually own the stock, they own a permission, like a reservation at a hotel or restaurant.

DTC owns and allocates all these shares, dividends, ect in a centralized manner because its faster more efficient and more trustworthy than issuing certificates that could be counterfeited, stolen or lost. Their current balance sheet is $54 trillion.

Think about that. This abomination was created as a central authority to solve the double counting problem. Bitcoin also solves the double counting problem, but it also is decentralized and you actually own your keys.

I'm still chewing on this, but it seems like bitcoin and by extension crypto and smartcontracts are the natural evolution of this indirect holding system, and provide the further advancement of decentralization and real ownership. It's not impossible that some of us will be billionaires.

>> No.27400617

>>27400197
I wonder if the recent massive selling of BTC was the mining firms being pressured into doing so for these globalists, so they can secure as much wealth as possible before total conversion.

>> No.27400629

>>27396508
>>27400156
Please spoonfeed me sempai..

>> No.27400746

>>27397064
if you're a useful smart person yes
if you're a useless attention seeker rent seeker no

>> No.27400931
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27400931

>> No.27401147
File: 111 KB, 1079x941, Esw28ZuXYAosb2n.jpg [View same] [iqdb] [saucenao] [google]
27401147

>>27400597

>> No.27401218
File: 1.09 MB, 1294x748, hundreds.png [View same] [iqdb] [saucenao] [google]
27401218

>>27400183
>So the issue with data is that those set ups where the team bake their own oracle, and kind of say, Hey, Im going to make my own oracle, and I maybe haven’t built a financial product before, I haven’t built a system the relies on market data quality, so what I’m going to do is go to a single exchange, or I’m going to go to two exchanges, and I’m going to just select my favorite one or two exchanges, because on the specific day when I make the oracle for my protocol that Im going to operate, everything is fine. Those exchanges have a lot of volume, they are providing representative data about you know the price of an asset, there is price discovery happening, you know they are the mechanism to give me accurate price data. That really doesn’t work, and that has been proven out through things like flash loan attacks, and various other attacks where people have gone on to manipulate markets and places like Coinbase, and then at the same time manipulating some other exchanges that are more decentralized, and then manipulating both at the same to create false trepidations. So what chainlink does, is chainlink ends up sourcing data from the whole market, from hundreds of exchanges. And its been this way by design from day zero of the network going live. And the reason for that is the application of decentralization as a concept to data quality. If we are getting decentralized guarantees from a financial product because its run on hundreds of different nodes in a smart contract network somewhere, then we should get that same level of guarantees, if we can, from the data and the triggering side of it.

>> No.27401221

>>27398278
>FAANG has been bloated and rotting
>LINK infrastructure literally runs on FAANG clouds

You can't make this shit up. Cultists and delusional

>> No.27401269

tl:dr please

>> No.27401335

>>27401269
buy rubic.

>> No.27401385
File: 18 KB, 512x340, 8EC8CF7F-5FBF-4AA8-861A-FA5DCCB51FFF.jpg [View same] [iqdb] [saucenao] [google]
27401385

Very based thread OP, thanks for poasting with us today.
>>27400629
DECO is a product that Chainlink acquired about a year ago from Ari Juels, who might have the biggest brain in crypto, if not the whole world. Ari is still finishing the product but I think it will be out soon. DECO will allow a Chainlink node to verify data from websites in a secure way. Basically the node will have permission to view private account details for everything from your bank account to your medical records to your steam inventory. It obscures all information that isn’t needed and allows the node to truatlessly report the data. This was my smoothbrain take from memory- go real some articles on it so you can have a better understanding.

>> No.27401416

>>27401221
LINK infrastructure runs on multiple independent blockchains, not on cloud servers. Some portion of those blockchains probably exists on those cloud servers, but not all of it by a long shot.

>> No.27401558

>>27401221
Jesus at least make your fud funny if it’s going to be this stupid.

>> No.27401615

>>27400597
looks like you are on the path to enlightenment fren. remember, their vault got a little wet so you'll have to take their word on who owns what.
>https://www.reuters.com/article/us-storm-sandy-securities/dtcc-finds-1-3-million-soaked-securities-in-sandy-flooded-ny-vault-idUSBRE8AE02G20121115
>https://www.youtube.com/watch?v=ZN03yAVyj-0

>> No.27401637

>>27401416
Any node is run on Azure, AWS, etc. All of the tutorials are written for this exact infras. Blockchain /=/ infra.

>> No.27401724

>>27393406
>>27393493
>>27393618
>>27394635
>>27395763
>>27396617
This man must average 50 words per sentence. I don't have the link, but I once read about a high-correlation between the length of a person's spoken sentences and their IQ. Serg's gotta be 140+

>> No.27401924

>>27401385
My smoothbrain seconds your smoothbrain's recollection. Basically allows a node to access sensitive information and report on it without disclosing what that information even is to the node operator

>> No.27401977

>>27400597
The subject of clearinghouses has come up before in the context of counterparty clearinghouses, who mediate trades between banks to assure functional performance in the case of one of the banks failing to execute.
Because it's a systemic cost, all banks pay insurance into CCPs (Central counterparty clearinghouses) and it acts as a guarantor of trade execution/settlement if a bank doesn't pay as promised.
Basically it's just a huge pool of insurance, paid into by all the banks in a network, so if bank A promised to pay $10B to bank B, and doesn't, the CCP insurance pool bears the cost and makes sure the payment happens.

This entire piece of infrastructure can be done away with in a decentralised system. The execution/settlement guarantees provided by smart contracts make this sort of third party completely redundant. This doesn't just reduce friction, but liberates all of the insurance banks are currently paying to the CCP, back to the banks themselves. It is a massive efficiency increase and only one tiny part of what smart contracts will do.

>> No.27402044

>>27399996
Almost!

wagmi...

>> No.27402171

>>27399212
They are going to roll it out so slowly that a private chain technology will emerge and be good enough to the point where LINK will need to be orders of magnitude better than what will already be there. It's their game to fuck up right now and they seem to be doing it.

>> No.27402200
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27402200

can anyone explain whats happening for a smoothbrain over here?

>> No.27402210
File: 3.66 MB, 2048x1996, 1561860866721.png [View same] [iqdb] [saucenao] [google]
27402210

>>27402044
>>27399996
checked and keked

>> No.27402339

>>27402200
No. Go back.

>> No.27402358

>>27399677
This is what the 1.5m dumps buys. A WATCH

>> No.27402567
File: 797 KB, 1415x708, unbelievablebuttrue.png [View same] [iqdb] [saucenao] [google]
27402567

>> No.27402586

>>27401615
what a crazy fucking scam. Are real estate deeds held in a similar indirect system? I'd imagine all of the things we think we own are actually held in much the same way as these securities.
>>27401977
Thats fascinating and i was completely unaware of that. Do you have an idea of what the rates are that are currently being paid?

>> No.27402720

>>27394635
I JUST COOOOOOOOMED

>> No.27402809
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27402809

bump
thanks for the tldr OP

>> No.27402878

>>27402200
reference >>27401335

>> No.27403056
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27403056

Where did all the high IQ linkies come from all of a sudden? I thought biz was dead after mainnet release

>> No.27403190

>>27402586
Considering the insurance provided by the CCP has to cover multi-billion dollar trades, it's safe to say "a lot".

>> No.27403221

>>27403056
they blew all their linkies on coke and ladyboys, and had to come back for more.

>> No.27403262

>>27396617
>But that same security and decentralized consensus, about off chain events, is really applicable to all of the worlds data, which needs to be filtered into the smart contract world for consumption. Because without that filtering, it isn’t usable. It isn’t decentralized or secure enough to be used by these smart contracts.
COOOOOOOOOOMMMMIIIIINNNNNGGGGGGG

>> No.27403302
File: 60 KB, 330x331, file.png [View same] [iqdb] [saucenao] [google]
27403302

>>27403056
this. I just act retarded, I actually know what link is and what it means but I am way to lazy to discuss it with anyone anymore. Might spoonfeed the real smoothbrains

>> No.27403377

ngl, link being focused on only defi is kinda bearish. what happened to swift, oracle, google etc?

>> No.27403378

>>27397358
Fucking newfag checking shite

>> No.27403398
File: 1.09 MB, 1278x732, sergey34343.png [View same] [iqdb] [saucenao] [google]
27403398

>>27401218
>And that is what chainlink does for defi, I think for over 70% of defi right now, and for over 90% of the public blockchain derivatives market, which is heavily heavily triggered and heavily heavily dependent on accurate data. We essentially are able to source the data from a multitude of sources that are independent from each other, we are able to validate that data through highly reliable nodes, some of which are data providers themselves, some of which are the source of the data, and some of which are data providers aggregating data from the various places, and we are able to arrive at a consensus about what the final value is, from these hundreds of sources, from these you know, tens of independent nodes reaching consensus, to provide a highly reliable single value, to settle that derivatives agreement, to trigger things in a lending protocol, and if that additional level of decentralization that makes what we do so unique, and its the appearance of that decentralized method for triggering an events based data that has allowed decentralized financial products to do two important things. One is to come into existence, and then the second one, is the ability to generate many new markets, without the team that is making the financial product having to build a data product. Which is actually how the traditional financial worlds, you know banks and other places, make financial products. They’re not all making data products, they have data products that they consume, and then the banks and various financial institutions make the financial products using the data products. And so that separation is part what I’m talking about, as to why now is a great time to build defi products, because if that burden is no longer on your development team, you can rapidly launch many new markets with the data that is provided through something like Chainlink in this decentralized highly reliable way.

>> No.27403480

>>27403377
My bet is they are setting up their own APIs getting ready to transition when needed.

>> No.27403511

>>27403377
Legacy systems will move to defi with Chainlink.

>> No.27403684
File: 109 KB, 633x724, 37749F1D-CA60-4088-9B99-D2158B2AA7DB.jpg [View same] [iqdb] [saucenao] [google]
27403684

Singularity when Sergey it’s been years

>> No.27403726

>>27403378
He was right to as it fit the 16 in the post.

>> No.27403760

>>27403398
>We essentially are able to source the data from a multitude of sources that are independent from each other, we are able to validate that data through highly reliable nodes, some of which are data providers themselves, some of which are the source of the data, and some of which are data providers aggregating data from the various places, and we are able to arrive at a consensus about what the final value is, from these hundreds of sources, from these you know, tens of independent nodes reaching consensus, to provide a highly reliable single value, to settle that derivatives agreement, to trigger things in a lending protocol, and if that additional level of decentralization that makes what we do so unique, and its the appearance of that decentralized method for triggering an events based data that has allowed decentralized financial products to do two important things.
Longest sentence in history.
COOOOOOOOOMED

>> No.27403869 [DELETED] 
File: 32 KB, 640x400, 51590868-15889717538166528.png [View same] [iqdb] [saucenao] [google]
27403869

Any ideas, what model ben uses for this evaluation? Want to build it for myself.

>> No.27403887

>>27403511
The whole point of Chainlink is to connect legacy systems to decentralized networks. If Chainlink isn't being used by legacy systems then it's a dead platform.

>> No.27404065 [DELETED] 

https://github.com/smartcontractkit/chainlink/milestone/1

new data.chain.link site to be released. Probably the kickoff for more data besides price.

>> No.27404094

>>27401385
>>27401924
Thanks friends, I'll read more into it and of course buy more LINK.

>> No.27404404
File: 234 KB, 320x172, ezgif.com-gif-maker.gif [View same] [iqdb] [saucenao] [google]
27404404

based op

>> No.27404408
File: 1.98 MB, 420x420, 1FFE3B1C-4D70-4718-A8BB-7B61E2D40C4F.gif [View same] [iqdb] [saucenao] [google]
27404408

>>27403887
>The whole point of Chainlink is to connect legacy systems to decentralized networks.
In other words, the whole point of blockchain is to eliminate post settlement reconciliation procedures, i.e. eliminate lawyers and accountants.

>> No.27404555

1k eoy soon right?

>> No.27404593

>>27403760
God his IQ must be monstrous. The best part is he’s high IQ without being a sperg like vitalik.

>> No.27404599

>>27404408
>>27403887
That's like trying to predict the whole point of the internet before it was available for public consumption. The whole point of chainlink won't be apparent for 20 years, and by then it will have redefined how we even think about value.

>> No.27404770

>>27403378
Didnt read his post oops guess Im the retard. I stand corrected and take it back. Also, 1keoy

>> No.27404807

>>27400597
>>27401615
>>27401977
my god
my absolute god
we are going to be fucking rich

>> No.27404817
File: 819 KB, 346x495, 768CDAE4-7557-450A-8786-2728A2DEFED2.gif [View same] [iqdb] [saucenao] [google]
27404817

>>27396934
those are likely OG link marines desu

>> No.27404837

>>27404555
Swing traders not allowed in this thread REEEEE

>> No.27404957
File: 1.05 MB, 1292x728, yess.png [View same] [iqdb] [saucenao] [google]
27404957

>>27403398
>I think the way we arrive at that, is that the market drives them towards defi more so that traditional financial products. And the reasons for that in my mind are very clear. In the traditional financial world, you have financial products with very low yield, you have financial products that have a lot of counter party risk because its completely unclear to people how their assets are being managed, and you have a rising wave of inflation that is going to diminish peoples assets, and the value of those assets and the purchasing power of those assets and so on. I think defi counter balances all of these three forces, which are massive market forces. It has so far consistently provided high yield, which has been very very powerful for driving people to put more and more value into it. it is inherently transparent, because its on a blockchain using smart contracts and that means people can look in and see exactly what a smart contract in a defi protocol is doing with their assets, and understand the exposure and the risk that they have. And likewise our system is extremely transparent in what it provides. It provides a lot of clarify about the oracle networks used by specific defi users, why those oracles are reliable, how many of them there are in an oracle network, all of these kind details are available, so somebody can actually research the end to end security of their financial product, while also knowing the allocations and use of the financial product.

>> No.27405003

>>27403726
Shut your hole

>> No.27405015

>>27403684
Sooner than you think.

>> No.27405084
File: 160 KB, 900x900, B2B34E49-C114-415C-A151-B80342163545.jpg [View same] [iqdb] [saucenao] [google]
27405084

>>27404599
>That's like trying to predict the whole point of the internet before it was available for public consumption. The whole point of chainlink won't be apparent for 20 years, and by then it will have redefined how we even think about value.
indeed....dont be pic related

>> No.27405250

>>27404837
been holding since '17 where i bought half of my stack for 20cents.

>> No.27405439
File: 149 KB, 1024x1024, A314D418-66B1-4529-884C-B1F7F3941AF0.jpg [View same] [iqdb] [saucenao] [google]
27405439

>>27404957
>In the traditional financial world, you have financial products with very low yield, you have financial products that have a lot of counter party risk because its completely unclear to people how their assets are being managed, and you have a rising wave of inflation that is going to diminish peoples assets, and the value of those assets and the purchasing power of those assets and so on. I think defi counter balances all of these three forces, which are massive market forces. It has so far consistently provided high yield, which has been very very powerful for driving people to put more and more value into it. it is inherently transparent, because its on a blockchain using smart contracts and that means people can look in and see exactly what a smart contract in a defi protocol is doing with their assets, and understand the exposure and the risk that they have.
In other words DeFi is the opposite of a Robihood broker

COOOOOOOOOMMMIIIIINNNNGGGFGG

>> No.27405500
File: 78 KB, 1682x976, Screen Shot 2021-02-01 at 21.15.30.png [View same] [iqdb] [saucenao] [google]
27405500

>>27393406
bros im geniunely applying to work for sirgay. what should I say?

>> No.27405625
File: 216 KB, 768x1024, FUD Links.jpg [View same] [iqdb] [saucenao] [google]
27405625

>>27401147

>> No.27405665

>>27405500
Tell them that you want to create smart contracts that charge cold collars $10,000 a minute to talk to you

>> No.27405685

>>27405500
what position?

>> No.27405702

>>27403378
I've been on 4chan for 12 years. Get fucked redditor. Respect digits.

>> No.27405796

>>27405685
Janitor

>> No.27405843

>>27405796
based

>> No.27405987

>>27404957
>I think the final point of inflation is actually one of the key drivers now for people going into crypto. Is that everybody is starting to realize what fiat money is, and how fiat money relates to money printing. And that is a set of terms that up until three months ago, maybe, was not a very prevalent set of conversations that people would be having, in mainstream media or everyday channels, and now it has become a prevalent conversation. And the reality of inflation is something that will lead to a flight to safety, and that reality of inflation is a world changing kind of force. The decentralized financial markets counterbalance that force, partly because they are so related to crypto and partly because people like to think will be able to compose all kinds of products very very quickly, just like they were able to build web applications very quickly, once the internet got to the point where you could do that. I think the forces that are going to push people into the crypto format, and then eventually into defi are global market forces that are very clearly on the horizon and are just going to accelerate from here. And I think that the infrastructure to make decentralized financial products has now arrived at a place where people can, a 2 to 5 to 10 person team, can efficiently build a world class decentralized financial product, without having to built a lot of the infrastructure that underpins that financial product.

>> No.27406022

>>27405685
head of investment risk. i've got the qualifications but all i know about link is that its some decentralised shit. I've got 1k linkies but that probs wont get me shit

>> No.27406032

>>27405796
hope u have a lot of saw dust handy

>> No.27406038

>>27405500
Apply to be Sergey's burger boy

>> No.27406087
File: 262 KB, 1600x1106, 1612206712701.jpg [View same] [iqdb] [saucenao] [google]
27406087

Soon all the world's data will be ours.

>> No.27406101
File: 1.09 MB, 1302x732, composability.png [View same] [iqdb] [saucenao] [google]
27406101

>>27405987
shoot forgive me, i love you all

>> No.27406116

>>27393703
>Sergey is the crypto Steve Jobs.
dieing from the cancer that is his work?

>> No.27406216

>>27405500
Please don't forget about us when you make it

>> No.27406278

>>27405500
say that you want $77/hour and add a ;)
they'll hire you asap, it's like a secret freemason handshake dude trust me

>> No.27406368

>>27393870
Srs though. 5'25" isn't really small. Its like average.

>> No.27406390
File: 43 KB, 284x333, 20210114_220619.jpg [View same] [iqdb] [saucenao] [google]
27406390

>>27406087
Yup. Cant wait to look like that when I have money for healthy food and steroids.

>> No.27406586

I've been priced out of link and I relentlessly shill against it because I am bitter

>> No.27406615
File: 54 KB, 1200x675, YF-Link-YFL.jpg [View same] [iqdb] [saucenao] [google]
27406615

By the way, would this be worth investing in? Yfl sounded like a good idea but not si sure anymore...

>> No.27406661

can a kind retard please share the link to the video? the perfect sleepy time story

>> No.27406714

>>27406586
Just buy some nigger. Get 100 of them and forget about them for a few years, then buy a house.

>> No.27406782

>>27403398
etremely based and linkpilled
will read that later
thanks anon

>> No.27407105

>>27406586
People were raging about being priced out of link at $1. At $1000 you’ll be thinking back that $20 was a pretty good deal.

>> No.27407542

>>27403056
i have 52k and never left, nor have i sold any except like 500 at $20 for a holiday
i spend most of my time shilling xrp, because its funny getting people to buy into that shit

>> No.27407693
File: 1.11 MB, 1314x750, defi.png [View same] [iqdb] [saucenao] [google]
27407693

>>27405987
>Ya I think there are three important dynamics to keep in mind. I think its important for them to build their smart contract and defi product in a place where it can get a lot of usage, so that there will be private key holders who want to put money into their financial product. And that that place has certain scalability and various other features or whatever scalability or cost structure is of that environment, it properly aligns with their plans for their product to work a certain way, right so I think they should build it in a platform which gives them access to users and access to a cost structure and scalability that they would find useful. I think the second thing that they should do is, is they should probably seek to participate in the building blocks, lego, composability narrative and process around defi, where you can build your smart contract in way where its not just useful for your application, its useful for other defi applications as a resource which they can use. And that’s a very powerful thing, because the services, the defi protocols that essentially become on chain services, that all are used by other defi protocols for what they are good at, is going to drive I would think the probably majority of usage compared to some kind of product that their team also builds.

>> No.27407774

>>27396330
Whoah hey assshoool, theres nothing wrong with a decent cheeseburger

>> No.27407806

>>27405500
Pls don’t betray

>> No.27407896

>>27403056
i only spoonfeed when i have something new that i want to talk out with you guys, or when i'm drunk.

>> No.27407937

I watched this whole thing life. Bullish for link and Denko made a good impression on me as well so I got healthy reef stack

>> No.27407946
File: 22 KB, 654x258, Screen Shot 2021-02-01 at 21.39.40.png [View same] [iqdb] [saucenao] [google]
27407946

>>27407806
>>27406216
Sent. Here's to hoping!

>> No.27408107

>>27406586
remember when people got loaded off of eth buying it at $70? or even $300?

>> No.27408142

>>27397367
so are we all going to get oura rings too

>> No.27408375

>>27396617
It doesnt prove anything you still need to trust a third party

>> No.27408480

it's all so inevitable

>> No.27408899

>>27395777
>>27396166
>>27399222
>>27399599
>>27399677
>>27399888
>>27399944
>>27401977
>>27402044
>>27402200
>>27403377
>>27403511
>>27404555
>>27404599
>>27405500
>>27406022
WOW, how close am I to having sex guys?

>> No.27408962
File: 1.09 MB, 1288x732, secure.png [View same] [iqdb] [saucenao] [google]
27408962

>>27407693
>And I think the third and final thing, is that they should not reinvent the wheel. They should not build things they don’t need to build, especially from an infrastructure point of view, and if they involved in making some kind of secure system, they should be very very careful, and their first option should be to seek an existing piece of infrastructure that provides that security. If you’re building secure systems is very very complicated. we have a very large team, passing a hundred people now, we have world class researchers, like Ari Juels who was previously chief scientist at RSA who are working on this with us. And these are very complicated problems that seek to eliminate the risk of various edge cases. And I think the people that try to build all of that themselves, they could do that, if they devote the relevant resources to it. But if they do that without devoting the relevant resources, I think they are taking a massive massive risk, that, that in many cases Im not sure that if they fully understand because, the nature of the problems that they are trying to tackle are unknown to people that don’t think about secure system design as a profession, as an academic career.

>> No.27409014

>>27396617
>all of the worlds data, which needs to be filtered into the smart contract world for consumption
Sergey gonna consume the whole world confirmed. Fat fuck.

>> No.27409020

>>27408899
checked

>> No.27409024

>>27406368
Maybe in Korea

>> No.27409219

>>27397367
IS HE GOING TO LOSE WEIGHT?
STOPPED EATING BIG MACS AND STARTED EXERCISING?
MONEY BELLY! NO!

He wants to feed his health data into a trustless smart contract
1lb gained = $1 gained in link token price
Looks like we better sell lads

>> No.27409340

>>27394635
>chainlink network can derive value from any move in asset prices, including decreases in it's own token value
Is this antifragile?

>> No.27409435

>>27403398
>defi is good
>aggregating prices is good
>defi platforms should pay me to aggregate prices for no reason when other platforms do it for free and the free market can do it much faster and better than any basic formula of (x+x+x/3x)
He's just talking about defi and prices generally. I can't believe people are still lapping this shit up.

>> No.27409468

>>27409340
thats actually a neat point

>> No.27409500

>>27408962
Bless you, friend

>> No.27409541

>>27394635
>>27403056
He's wearing jewelry now???

>> No.27409552

>>27395736
They are throwing a lot of shills at link. More than any other coin.
Convinced me to buy some

>> No.27409678

>>27400156
I thought DECO was already acquired? Or does it still need to be finished? How did they “acquire” deco before it was even finished wtf scammer Ari

>> No.27409823
File: 1.12 MB, 1304x746, bigring.png [View same] [iqdb] [saucenao] [google]
27409823

>>27408962
>There are attack vectors and all these things that, you know we are very lucky to think about smart people with. So I think you should benefit from the infrastructure that other people have built, and make sure that that infrastructure meets you needs as a developer, for a market and cost structure. I think you should make sure to make your system something that’s accessible through web interfaces and on chain interfaces, because its not predictable for you where the volume will come to you from, and you might be surprised to find that your volume actually comes from other smart contracts more so than interfaces you yourself built. And then you should take the limited developer resources you have, just like successful web development teams do, and you should devote it to a very focused mission around product and user experience, leveraging the infrastructure that has been built by other people. And I think those are three, you know if you stick to those three kind of sets of principals or tools, you’ll probably arrive at a decentralized financial product that is secure, you know sourcing data from the right places, relying on the right infrastructure, is hopefully the right ecosystem for your demands around transaction flow and transaction frequency and having the scope of users you think you need to actually put money into your system, and that is hopefully accessible by both off chain web interfaces and other on chain contracts.

>> No.27409866

>>27400597
Thanks for this effortpost anon

>> No.27409935

>>27407542
>i spend most of my time shilling xrp
I remember you from the other day

>> No.27409953

>>27407105
>>27408107
good point.

>> No.27410118
File: 517 KB, 1080x1085, Screenshot_20210201-220028~2.png [View same] [iqdb] [saucenao] [google]
27410118

We're so early.
Never stop buying.

>> No.27410242

>>27404094
>>27401385
>>27401924

Deco explained here:
https://www.youtube.com/watch?v=zWTx1iQOCDM

>> No.27410336

>>27402358
>watch
That’s a ring idiot

>> No.27410349
File: 68 KB, 772x522, 1561481600108.png [View same] [iqdb] [saucenao] [google]
27410349

>>27403684
These didnt age so well

>> No.27410397

>>27409866
thanks fren. It was a new piece of information for me that really pulled a lot of things together. The more i think about it the less of a coincidence it seems that blockchain tech is the perfect continuation and improvement for these types of centralized systems.

>> No.27410642

>>27397367
im buying one

>> No.27410691

>>27409435
Now this is one point of contention I also somewhat have with LINK.
But, I'm assuming if they're aiming for enterprise adoption (lol just typing that feels like a meme) then LINKs "edge" if you will compared to similar solutions would be security and better data authenticity.
IDK I'm not that deep on LINK but that's my impression of it

Fairly new to crypto so someone help me to understand.

>> No.27410814
File: 2.97 MB, 570x2427, 1559167299747.png [View same] [iqdb] [saucenao] [google]
27410814

>>27408899
blessed thread

praise KEK

>> No.27410922

>>27406615
sounds like a bag of aids my dude

>> No.27410970

>>27405500
For salary ask for 1 link per week.

>> No.27411087

>>27405702
Sure you have. I can smell the newfag from here. Maybe you were on /lgbt/ once or twice

>> No.27411265

>>27401724
That's a great observation anon. It's very impressive indeed. His answers to whatever question about blockchains are seriously better worded and more in-depth than the articles by top tier industry experts. Like I've read research papers about blockchain and emerging markets, but Serg's analysis on today's stream had so much more insight. It's awe-inspiring

>> No.27411341

>>27408142
Yes. And flannel shirts

>> No.27411445
File: 1.52 MB, 1488x835, Screenshot 2021-02-01 at 22.13.51.png [View same] [iqdb] [saucenao] [google]
27411445

>>27393406
>>27393493
>>27393618
>>27394635
>>27395763
>>27396617
>>27397386
>>27399047
>>27400183
>>27401218
>>27403398
>>27404957
>>27405987
>>27406101
>>27407693
>>27408962
>>27409823

Didn't we hear all this last September? What's new here?

>> No.27411491
File: 1.05 MB, 1296x734, almost done.png [View same] [iqdb] [saucenao] [google]
27411491

>>27409823
>*question about defi in emerging markets*
>This is one of the things that I’m personally very excited about, because I think its going to change the world and peoples lives in a much more significant way than people today realize, even in possibly the defi ecosystem itself. I think that the real blueprint for this is what the internet did for information for the emerging market, and that people that previously didn’t have access to books, you know to paper reading materials, now through a $50 android phone have access to wikipedia and YouTube videos from Stanford courses. And I think that that has been an immense immense contribution to society, all over the world, from the invention of the internet. I would say that its possibility one of the best and biggest things the internet has done for the world, is its spread the worlds information to everybody on a much more equal footing, and has enabled people to gain an education, understand the world, communicate with each other, not to mention what it has done to e-commerce and ability accelerate global trade. I think what smart contracts and what was at some point called the internet of contracts, is going to do for the emerging market, is its going to make that same size of impact, but on peoples financial lives.

>> No.27411499

>>27409678
They've acquired the blueprint/logic for DECO, the product is not complete. Basically like buying a patent.

The significance of these "accessory assets" to the Chainlink ecosystem is often underestimated. We got our first hint of it with the Town Crier acquisition, and since then it has been confirmed over and over. That Chainlink is aiming to have complete control over an entire suite of services that make them the choice for all L2 smart contract execution.
Read the WEF paper and that's basically what it says: "Do you need w,x,y,z before you would consider connecting your legacy system to DLT? Well here's how Chainlink offers a proprietary version of w, a proprietary version of x, a proprietary version of y, etc"
If Chainlink was just an oracle network then they would have a huge and near unassailable first mover advantage due to the training and knowledge of their node operators, an immensely valuable human resource that any competitor would have to woo over to an entirely new system, or recruit an entirely new set of trained node operators (from where? anyone who can do that work is doing it on Chainlink already).
But now it's more than that. As if Chainlink wasn't untouchable enough already, now it's a case of "Do you want secure enclaves? Chainlink owns Town Crier. Want read only TLS access? Chainlink owns DECO"
The entire ecosystem is owned by Chainlink. If you want to compete you don't just have to build an oracle network, you don't just have to poach skilled node operators from Chainlink, you have to build from scratch and entire toolkit of ancillary functions that Chainlink already fucking owns.
I would question the ability of anyone, no matter how well resourced, to come remotely close to catching up to Chainlink, or providing anything like a comparable service. The "race" is over and it never even really started.

>> No.27411551

>>27401637
>Blockchain /=/ infra
Interesting. Is HTTP infra?

>> No.27411694

>>27411445
You were here with the same FUD in September, so not much?

>> No.27411752

>>27393618
>smart contract platforms like binance smart chain, like ethereum, like others
The fact that he put the binance chain in front of eth indicates that he's sold out to China. Not saying this is bearish or bullish.

>> No.27411821

>>27410691
>enterprise adoption
Google, SWIFT and Oracle were all memes. Uniswap is free, open source, decentralized, and ANYONE can create a price oracle simply by listing a token and letting the free market do the rest. No Sergey to sign off for approval, and your nodes are buyers and sellers rather than people taking a cut, so the whole thing is free. LINK is unironically finished.
https://uniswap.org/docs/v2/smart-contract-integration/building-an-oracle/

>> No.27411858

>>27393618
> there are oracle systems and other systems like Chainlink that provide data
Is chainlink not an oracle system?
Is chainlink not the standard?

>> No.27412034

>>27410691
You can’t expect legacy systems to adopt an entirely new way of doing things that’s completely untested.
It’s not fud at all that Defi is the main application of link right now. The technology has to be proven. We’ve seen plenty of attacks and exploits. The damage similar exploits could do to national economies and even the global economy, if they switched to a decentralised system of smart contracts, would be enormous.

Legacy systems dealing with quadrillions of dollars will either get undercut and outperformed by Defi startups, and this die, or they will acquire them too.
We literally can’t lose with Chainlink. We KNOW the tech is more secure and saves money for those operating, it’s inevitable it’s adopted.

>> No.27412053

>>27411752
The event he is speaking at is being hosted by Binance for Binance blockchain week. Of course he mentions them first you moron

>> No.27412381
File: 529 KB, 3002x2394, DF274FDB-6494-403A-B1B6-733C5CA2C72F.jpg [View same] [iqdb] [saucenao] [google]
27412381

>>27411499
Checked
You’re right anon. We are going to make it

>> No.27412389

>>27411499
Checked and fucking based

>> No.27412455

>>27411694
Ok ZEUS lol

>> No.27412514

>>27409024
isn't the average in korea like 3"?

>> No.27412584
File: 1.08 MB, 1284x728, sergey69.png [View same] [iqdb] [saucenao] [google]
27412584

>>27411491
>I think people in developed markets are going to see blockchains improve the transparency of developed markets, improve the fairness of developed markets, eliminate the size of boom and bust cycles from opaqueness, such as the 2008 financial crisis, which if smart contracts work the way they do now and they were integrated into the mortgage issuance process, I don’t think the 2008 financial crisis would have been anywhere near what it was. So the developed markets will benefit by taking this technology and helping it make their markets work correctly, in a fair, structurally transparent way to eliminate risk for themselves and the ancillary risk for the world that depends on developed markets financial economies. But emerging markets will go from zero to one. Emerging markets will go from, I don’t have a bank account with an asset that can combat the hyper inflation of my local countries currency, to, I do have a bank account in my phone with an asset that is immune to the hyperinflation of my local currency. and for the people that don’t experience or don’t even understand what hyperinflation is, hyperinflation is when in the morning you go to work, by the middle of the day you get a paycheck that day, and then by the evening that paycheck already can’t even buy you what it could have bought yo in the morning. And so, its a very dysfunctional situation that various emerging markets are in different states.

>> No.27412832

>>27411499
Band protocol did a nice job stealing some of the market though. See Mirror Protocol.

I like to think it's temporary however, as of now the only advantage of BAND is it runs on Cosmos, which LINK with upcoming bridges will be able to do too (besides ETH and Arbitrum will fix fees, hopefully).

That aside I also expect BAND to fuck up at some point. But chinks are good at copying so who knows.

>> No.27413226 [DELETED] 

>>27411499
In terms of value capture, what do you think is in for link?

>> No.27413430
File: 16 KB, 563x165, Screenshot_20210201-223104.jpg [View same] [iqdb] [saucenao] [google]
27413430

>>27393618
>>27393493
>>27393406
>>27394635
>>27395763
>>27396617
>>27397386
>>27399047
>>27400183
>>27401218
>>27403398
>>27404957
>>27405987
>>27406101
>>27407693
>>27408962
>>27409823
>>27411491
>>27412584
I respect the effort/tism. Very admirable.
But I have a question: if link is such a no brainer buy why is it not mooning

>> No.27413601

>>27413430
It's because Sergey dumps 1M to 1.5M Link per week...

But also keep in mind his wallet runs dry in about 5 weeks at this rate. Plan accordingly.

>> No.27414078
File: 71 KB, 1000x1000, a9ed85545e4a9bf9196dba3a8dfcf3eb.1000x1000x1.jpg [View same] [iqdb] [saucenao] [google]
27414078

>>27413601
Need a source on that, surely Sergey has more than 5m LINK

>> No.27414223

>>27413601
He'll crack open the next wallet. No problem there for SIR GAY BETRAY.

>> No.27414260
File: 75 KB, 858x184, Bildschirmfoto 2021-02-01 um 23.37.55.png [View same] [iqdb] [saucenao] [google]
27414260

>>27413430
>But I have a question: if link is such a no brainer buy why is it not mooning
depends on when you got in

>> No.27414372
File: 1.02 MB, 1290x730, life changing.png [View same] [iqdb] [saucenao] [google]
27414372

>>27412584
>And that’s just one extreme example, there are all kinds of examples around providing insurance, providing the ability for people to sell goods to each another, all of which depends on a system of contracts that works. And the unfortunate reality in many parts of the world, is that there is not a system of contracts that works enough to enable inflation resistant bank accounts available to everybody. That doesn’t work enough that’s resistant to financial fraud and insurance, and therefore people don’t have insurance. And insurance is basically if people are able to continue living their life pursuing their economic destiny, or not, depending on what happens with the weather, what happens with some other event that they don’t have any control over. So I think that it will accelerate globalization by allowing people to conduct commerce over the internet in a highly trust minimized way. I think it’ll completely change the domestic financial environment of certain countries, and you already see this because certain places are adopting cryptocurrency as a common currency between people within that country.

>> No.27414408

>>27413430
>le why is it not mooning faec xD !11!1!1
fucking newfags fuck off. This isn't dogecoin. Not everything somehow has it's value derived by youtubers and retards on twitter building hype and dumping bags on robin hood users.
Look past your own disgustingly hooked nose and put aside your burning lust for immediacy.
Look at the 10 year plan. If crypto and within that DEFI continues to sustain it's current rate of growth, what do you think the overall market cap and TVL of these projects is going to be?
And underlying all of that, what kind of value is going to be placed on the singular system that provides definitive data to it all?
Think about what HTTPS provided the internet with.

>> No.27414510

>>27411821
But Uniswap isn't all of crypto. It's just a dex. Chainlink's usecases seem to extend far beyond DeFi and even within the DeFi sphere Chainlink sees adoption (AAVE for example). So your point is kind of moot even if it is true.

>> No.27414533
File: 1.06 MB, 1300x734, fin.png [View same] [iqdb] [saucenao] [google]
27414533

>>27414372
>And so even if their local government cant give them savings accounts and insurance and a stable means of exchange. the internet together with cryptography and decentralization though blockchains and smart contracts, can give that to them. And that is possibly even more life changing than information, right like what are the two most life changing things in peoples lives. Its education, and its their ability to pursue an economic destiny, to pursue the economic outcomes they find important. And this is why I think that decentralized finance and smart contracts are really the next evolution of the internet, because a lot of the commands will be sent over the internet, but they’ll be sent through the internet onto this parallel internet of contracts, that creates a system through which people can have inflation resistant bank accounts, insurance to combat all kinds of risk, and all these things that we take for granted but really are life changing in emerging markets.

>> No.27414850

>>27412832
Since Band doesn't take security that seriously they are able to update their feeds faster than Chainlink. Mirror either disappears or starts using Chainlink, it is only a matter of time

>> No.27415130
File: 601 KB, 2391x1345, 1585807974980.png [View same] [iqdb] [saucenao] [google]
27415130

>>27393406

>> No.27415396

>>27393703
fud, he's the crypto Rothschild

>> No.27415423

>>27412053
Fair point

>> No.27415465

>>27414078
>thing somehow has it's value derived by youtubers and retards on twitter building hype and dumping bags on robin hood users.
>Look past your own disgustingly hooked nose and put aside your burning lust for immediacy.
>Look at the 10 year plan. If crypto and within that DEFI continues to sustain it's current rate of growth, what do you think the overall market cap and TVL of these projects is going to be?
>And underlying all of that, what kind of value is going to be placed on the singular system that provides definitive data to it all?
>Think about what HTTPS provided the internet with.
Wait, then how much does this slav nigger have then?

>> No.27415498
File: 378 KB, 1028x1780, Screenshot_20210201-224636.jpg [View same] [iqdb] [saucenao] [google]
27415498

>>27414408
Image related
I'm not saying it's a bad long run investment. I'm saying there are better short run investments.
>>27414260
I am respecting. But say you sold and bought something like ALEPH then sold when you want to and rebuy LINK you'd be able to buy more link. And I like the name ALEPH

>> No.27415542

>>27413226
Fucking everything. They cover all the attack vectors and offer most of the services. Validating the results of a computation on some validation chain wether it's ethereum or something else is trivial.

>> No.27415620

>>27411265
>interviewer: what do you do in your free time, sergey?

>serg: this

It's clear deep contemplation of this evolving field is what occupies the overwhelming majority of sergey's brain-hours.

>> No.27415808
File: 375 KB, 832x612, 1561465412031.jpg [View same] [iqdb] [saucenao] [google]
27415808

>>27393406
>>27393493
>>27393618
>>27394635
>>27395763
>>27396617
>>27397386
>>27399047
>>27400183
>>27401218
>>27403398
>>27404957
>>27405987
>>27407693
>>27408962
>>27409823
>>27411491
>>27412584
>>27414372
>>27414533
thats all she wrote

>> No.27415829

>>27412514
it is
5"-6" is what most men have
7" is 15% of men
8" 1,2 /100

so

>> No.27415948

>>27414510
It's a dex that provides open source, market verifiable prices, completely decentralized without the use of nodes, for free. $0.00. AND you can get the price from any point in time, instead of hourly like chainlink, and you can aggregate the feed however you want. A fucking unicorn made a superior oracle to Sergey and Ari and all it took was free market principles and a good understanding of crypto and markets.

AAVE was paid 500k LINK to use chainlink and Marc Zeller is happy to admit that in telegram (he also says Chainlink has no product). So take that with a grain of salt. Paying people to use your service is very different to getting paid by people to use your service. It's very easy to get customers when you're making a loss, it's much harder to attract them when you need to charge them $100 per call.

>> No.27416171

>>27415498
Within this market cycle yes I doubt LINK will outperform literally anything in the top 20 in terms of gains, but really your positions should be diversified.
Use ETH and DEFI projects to acquire wealth to ultimately acquire more BTC and LINK for the long term plan.

>> No.27416178

>>27415465
This fat russian scammer had 2/3rd of the whole supply. He's been dumping on stupid linkies since forever. By now it's "only" 60%. This shit is the biggest fucking scam even larger than BITCONNNNEEEEEECT. It's crazy how convincing their cult following and their shill campaigns* are by now. *paid for by sergeys dumping)

>> No.27416305

>>27415808
Thank you based anon the effort is highly appreciated

>> No.27416527

>>27416178
Noooooooo every time he takes a weekly $50,000,000 dump he's decentralizing the supply and allowing us more time to buy in! He needs every cent of that money! He's only charging $1,100,000 per hour! Praise Sergey!

>> No.27416565

>>27415620
Very few people can think like Serg and no one with matching capabilities is applying their thinking to this space. Of course I have to mention Ari seems to be on another level too when it comes to technical aspects

>> No.27417519

>>27415808
Much appreciated anon

>> No.27417935

>>27402567
Why does he think Chainlink is a blockchain?

>> No.27418108

>>27415948
>AAVE was paid 500k LINK to use chainlink and Marc Zeller is happy to admit that in telegram (he also says Chainlink has no product). So take that with a grain of salt. Paying people to use your service is very different to getting paid by people to use your service. It's very easy to get customers when you're making a loss, it's much harder to attract them when you need to charge them $100 per call.
https://twitter.com/lemiscate/status/1283469173864136736

Gonna need a source on that first part gamer.

>> No.27418316
File: 496 KB, 727x622, 1594600189387.png [View same] [iqdb] [saucenao] [google]
27418316

>>27393703
there will be books, movies, everything and more.
>>27394930
yes
>>27395230
kek
>>27395777
checkkked
>>27395858
you got it fren
>>27396508
we've already made it
>>27397045
it was fun!
>>27397172
God bless
>>27399212
boom
>>27401385
the pleasure was all mine
>>27401724
based observation
>>27402720
>>27403262
ohhhh ya
>>27404404
thank you
>>27404807
:)
>>27406782
you got it
>>27408375
yes you need to trust the data source
>>27409014
big macs were not enough
>>27409500
checked and bless you
>>27409541
i need this ring, you could engrave a private key on that thing
>>27416305
you are welcome!

>> No.27418440

>>27415948
What if uniswap is gamed to manipulate price of the asset in question? e.g. someone sells 400,000 UNI and scamwicks the price for a minute. Wouldn’t the single point of information (the uniswap price) be a target for gaming smart contracts that use the dex as an oracle?

>> No.27418686
File: 418 KB, 900x1039, 1610512798235.png [View same] [iqdb] [saucenao] [google]
27418686

>> No.27418835
File: 13 KB, 225x225, images.png [View same] [iqdb] [saucenao] [google]
27418835

>>27393406
This is the most shilled and needlessly complicated scamcoin I've ever seen

>> No.27418987

>>27418316
fucking based. thank you for this thread. very good read.

>> No.27419062
File: 358 KB, 1363x2048, 1592757157602.jpg [View same] [iqdb] [saucenao] [google]
27419062

>>27395763
>chainlink will allow all the worlds events, data and commands, to reliably be filtered into all the worlds decentralized systems that house smart contracts
>>27396617
>So not only does chainlink provide the worlds existing data..
>>27397386
>[chainlink is] a general purpose abstraction layer that basically enables trust minimized off chain computation, filtering all of the worlds events and data into blockchains, in both the private and public format.
>>27399047
>So this is actually what chainlink does for the worlds data, and turns the worlds data into validated data, to the degree that it can now be used by a smart contract.

>all the worlds events
>provide the worlds existing data
>filtering all the worlds events and data into blockchains

>> No.27419356

>>27401724
Do you think you can find that link? this is something I often think about and want to improve

>> No.27419556

>>27415808
could you post the video too?

>> No.27419714

$100 in March

>> No.27419821

>>27418835
heh, as long as these suckers keep buying it and making us rich then it was all worth it in the end

>> No.27419944

>>27419556
>https://www.youtube.com/watch?v=g9dJ9q0z_94&t=2473s
starts at 11:15

>> No.27420046

>>27419944
Thank you

>> No.27420306
File: 554 KB, 1638x2048, 1588048303602.jpg [View same] [iqdb] [saucenao] [google]
27420306

>Link shills now reduced to typing out spergys little talks where he rants incoherently about topics not even the people in the space give two shits about
Now featuring absolutely zero slides!

>> No.27420422
File: 292 KB, 334x506, 1561117567024.png [View same] [iqdb] [saucenao] [google]
27420422

>>27407542
based

doing gods work anon

>> No.27420509

>>27418440
If someone dumps 400k UNI and the price goes to $2, then that is the real and accurate price of UNI. LINK wouldn't protect against this kind of attack either. If you're trying to report data accurately, then you can't beat the real-time, accurate price data, which uniswap provides and LINK doesn't.

And if you want to collate and average data like LINK does, to lessen the impact of volatility, then you can do that much, much, much better on uniswap, who allow you to set whatever medianizing settings that you'd like. You could even recreate LINK's price averaging for free on uniswap. I'm sure some projects are doing that right now.

>> No.27420588

>>27405987
>And I think that the infrastructure to make decentralized financial products has now arrived at a place where people can, a 2 to 5 to 10 person team, can...
>2 man team

>> No.27420770

>>27416178
>>27416305
>every time hes dumps he is just making it more decentralized
Yes. That is the point of the team not holding the entire earnings. That’s the entire fucking point

>> No.27420840

>>27420509
Thanks

>> No.27420847

>>27416527
See
>>27420770

>> No.27421030

bump

>> No.27421223

>>27393870
5.25 length 6.5 width and 60k link stack. Im considering the penuma implant. its like $15k adds 3 inches at least.

>> No.27421285

>>27416178
>>27416527
If you want to read more about why this fud is bullshit hit up this article:
https://chainlinkgod.medium.com/scaling-chainlink-in-2020-371ce24b4f31

>> No.27421304
File: 1.26 MB, 1428x1015, chainlink_exposed.png [View same] [iqdb] [saucenao] [google]
27421304

>>27399222
Took this from the backseat of my wife's boyfriend's tesla

>> No.27421384

>>27421285
>chainlinkgod

I'm sure this will be unbiased

>> No.27421530

>>27420509
>If someone dumps 400k UNI and the price goes to $2, then that is the real and accurate price of UNI.

It's the temporary price of UNI, on UNI. Attacks like that cause contract liquidation and make arbitragers and inside traders millions.

>LINK wouldn't protect against this kind of attack either.
LINK explicitly and specifically protects against this kind of attack by pulling lots of feeds and excluding data that's behaving out of step with the rest.

>> No.27421553

>>27420306
The conference this morning revealed to the world the coherent coffeehead that runs this token. Price has already pumped 2%. Once it breaks through the $25.6 resistance the FOMO will begin and small nocoiners will begin to buy, with the whales. Once it shoots through the $100 mark, unabated GREED will ripe through all LINKies. With all those who didn't dumped their current accounts into this "scam" twitching at their arsehole continuously while refreshing bittrex. The $1000 mark will be met, the largest hype in history will ensue. The final deluded noLinkers will begin to go offline, and wagecuckers with their engineering salaries loaded up in XRP will be left with it stuck in their wallet, unable to move it to Coinbase to salvage some self respect.

>> No.27421598

>>27404599
So, porn?

>> No.27421820

>>27420509
Neck yourself retard. We covered this fud in 2018

>> No.27422304

>>27421530
>LINK explicitly and specifically protects against this kind of attack by pulling lots of feeds and excluding data that's behaving out of step with the rest.
Arbitrage connects all non-scam markets together. If I dump 400k UNI, and arbitrage balances that out across all exchanges, then yes, for a single block the price will dump. But I can also medianize across the past 10 blocks like LINK does, and uniswap allows people to do that for free using it's oracles. Again, I can recreate a price aggregator identical to Chainlinks for every single price feed for a token lsited on uniswap, compeltely decentralized and not needing Sergey's personal approval, and with the entire market of hundreds of thousands of people and algos and nodes, and I can do it for free right now.

>>27421820
>we covered this in 2018
None of the tech which has already made chainlink obsolete existed in 2018.

>> No.27422574

>>27422304
>and I can do it for free right now.
why aren't you? if you short link you can make money from it too

>> No.27422699

>>27409340
Can you elaborate on that, I'm not getting that from the post you replied to.

>> No.27423134

>>27422574
>Yes, just short the asset held by a bunch of memers who honestly believe they are going to be billionaires in the new world order when Trump comes back and makes LINK the official currency of the united states and declares sergey to be the second coming of jesus christ

>> No.27423182

>>27421598
>he doesn't know about chainlinked teledildonics
ngmi

>> No.27423397

>>27423134
if you could build a product better than chainlink and put it out for free thereby making link non-competetive, and make money from it by shorting, why wouldn't you?

>> No.27423573

>>27415829
you sure know alot about cock sizes anon

>> No.27423649

>>27422304
>Arbitrage connects all non-scam markets together.

Not in a way that can automatically trigger smart contracts, which is arguably the entire point of the DeFi endeavor.

>> No.27423969

>>27413430
You really don't understand how crypto moves. It has fuck all to do with merit and everything to do with selling a narrative VS how much fiat people are raising to keep the lights on (whales, exchanges, and developers). Sometimes that narrative is created through shilling and wash trading and other shit, but it's smoke and mirrors.

LINK isn't producing a narrative that balances out the liquidity being raised off the back of said narrative.

>> No.27424221

>>27423134
You'd still make millions from people either hiring you, buying you out, or hype around your work BTFOing LINK. Why not do it?

>> No.27424358

>>27399047
Holy fuck my cock Sergey I love you

>> No.27424827

>>27423969
>>27415498


>>27415829
Based and gay

>> No.27425158

>>27421384
Are you expecting any unbiased source to exist?

>> No.27425176

>>27423397
>>27424221
Say I do develop my own DeFi project which needs price feeds. I can get all the data I need from uniswap for free, or develop my own proprietary oracle to do the same thing uniswap does. A lot of legitimate projects do this. MAKER, Compound, DAI, etc etc etc.

Now say there's a fat russian who will offer me somewhere between 100,000 and 500,000 shitcoins to NOT do this. He offers a subpar solution that doesn't quite fit my needs. It's slow and expensive, but he's going to completely subsidize my costs by paying from the incentive wallet, so I get a few years of free use of his platform. But those shitcoins he's offering me are $20 each.

I can either do some work, OR I can get paid somewhere between 2 million and 10 million dollars to do absolutely nothing except dump these bags the fat russian just gifted me. This is why lots of small new projects aren't using their own oracles at the moment. Ironically the second LINK is 100% circulating and now the customers have to pay to use the system, it will dump like you've never seen before. The competition to LINK is free and open source. Nobody is going to pay to use chainlink when it has a shittier product and they're not being given millions of dollars to integrate it for a year or two.

>> No.27425515

>>27425176
Yeah, this one's going in the prediction cringe compilation.

>> No.27425583

>>27425176
source on chainlink paying users please

>> No.27425800

>>27425583
The ICO, the chainlink website, sergey himself (he uses the word "incentive"), and literally every single bit of chainlink information if you don't live under a rock.
https://chain.link/community/grants
Scroll down to "integration grants". This was outlined at the ICO and they're doing exactly what they said they would at the ICO. They pay you in LINK if you integrate Chainlink. Why does nobody even look into their own investments?

>> No.27425975

>>27425583
It will never come, same as the cayman claims

>> No.27426038

>>27425800
they might sell otc apart from the grants, ever thought of that dipshit? have you started work on your free chainlink killer yet? lel

>> No.27426045

>>27423134
NGMI

>> No.27426187

>>27425975
>things that sergey has been saying for years are lies
okay

>>27426038
>Chainlink says they will give you free link if you integrate chainlink into your product
>they also say that 30% of all link are set aside to subsidize the nodes so you don't have to pay for their service
>"t-they might be LINK buying AS WELL as being given the free LINK"
this is incredible cope

>> No.27426889

>>27426187
You misunderstand me. Im saying the cayman islands nail salon story is b.s.

>> No.27427548
File: 371 KB, 2048x1536, sergeyfather.jpg [View same] [iqdb] [saucenao] [google]
27427548

>Who was behind the NXT coin SCAM?
>Who offered to buy and sell HOUSES in the early ages of BTC through smartcontracts.com?
>Who founded teams in Russia and Eastern Europe through QED Capital?
>Who made false claims of alliance between Chainlink + SWIFT ?
>Who set up all their businesses in the Cayman Islands (including Chainlink)?

Chainlink is a very sophisticated scam. Don't say I didn't warn you.

>> No.27427714

>>27412584
He's shilling Ampleforth here

>> No.27428341

>number schizo busy shitting up bao threads
>link thread quality improves
Finally

>> No.27428662

I heard the ring buzzes any time LINK moves up 10% and the only button to make it stop automatically dumps 500,000 LINK on the market.

>> No.27429139

>>27428662
Based
>>27427548
Has anyone got the father & sergey story?
That was epic FUD

>> No.27430029

>>27415808
Based. I'm gonna call you TranscriberAnon. For the annals. Good work marine