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/biz/ - Business & Finance

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3171521 No.3171521 [Reply] [Original]

>https://smartcontract.com/link
>https://www.youtube.com/watch?v=MfH1B85YyFU
>https://chainlinknetwork.slack.com/

This is the real deal here, folks, don't miss out on this one. I'm not going to waste time selling you on it, because the facts speak for themselves. This ICO will sell out in minutes, and will be a top 10 crypto project within 6 months. Watch the video, Sergey is the fucking man.

>> No.3171608

>>3171521
>https://smartcontract.com/link
You can't contribute less than 100ETH?

>> No.3171664

>>3171608
Where do you read that
>b/c I don't

>> No.3171683

>>3171521
I would never invest in anything from someone who dresses that fucking retarded

>> No.3171704

>>3171664
click on participate, you cant even buy any, they are just trying to find their top investors and contacting them through E-mail. (red flag there)

The CTO and CEO of this company look like dudes who just got out of highschool... on top of that they just give me sraight up scumbag vibes. all together no thx.

>> No.3171739

>>3171704
How much are you planning on buying?

>> No.3171790

I've been getting a lot of inquiries about Chain Link being a scam because of how quiet and inactive on social media they are. I think they are in stealth mode, are in stealth mode, and don't want to draw too much attention to their ICO. They may be aiming to raise entire funds via pre-sale if I am to speculate. Metal Pay and Rialto have done similar things.

I don't think they are a scam based on this evidence.

https://www.coindesk.com/swift-completes-blockchain-smart-contracts-trial/

http://hudsonjameson.com/2017-08-06-advising-status-smartcontract/

https://github.com/oraclekit/chainlink

https://www.gartner.com/doc/3698947/cool-vendors-blockchain-applications-

>> No.3171904

>>3171790
The best buys fly under the radar usually.

>> No.3172119

>>3171739
none, I plan on buying none, how did you not understand my post. I tried to make it abundantly clear that this ICO is purely dogshit, 100% dogshit.

>> No.3172336

>>3171790
Their api documentation is actually good. They aren't vaporware at least.

https://chainlink-docs.smartcontract.com/#show

>> No.3172463

>>3171790
I'm in their slack, they're focused on developing their product and not marketing because they know that it will sell out regardless. 50% of the tokens available to the public are allocated for the presale, the rest are going to the crowdsale. 20% bonus for buying in the presale too.

>> No.3172491

>>3172463
Are they going to do a whitelist or anything? Also, how can I get an invite to the slack?

>> No.3172506

>>3171608
Presale is 100 ETH minimum; I did a little over 200 though, this is gonna be really, really big.

>> No.3172509

>>3172463
slack invite pls anon

>> No.3172516

>>3172509
http://slack.smartcontract.com/

>> No.3172524

>>3172491

the link for the slack is http://slack.smartcontract.com/

this shit better make me 20x

>> No.3172540

Sergey Nazarov, the lead dev, has been in the crypto space since 2011 and has been working on oracles since the concept of smart contracts were first introduced. He's very well connected, personally met with the Ethereum devs before it launched publicly. He knows what he's doing. This is going to be the ICO that everyone wishes they would've gotten in on. The FOMO will be real.

>> No.3172561
File: 15 KB, 778x136, Screen Shot 2017-08-22 at 5.31.21 PM.png [View same] [iqdb] [saucenao] [google]
3172561

I'm balls deep in this one, not a shill.

>> No.3172570

>>3172516
>http://slack.smartcontract.com/
thank you

>> No.3172592

>>3172524
Thanks man!

>> No.3172625

What's the difference between this chainlink shit and just a regular oracle publishing their API on a normal ETH contract? Sounds like it's all marketing and hype without actually adding anything new to the table from a technical perspective.

>> No.3172628

>>3171521
what is the point of this? is it suppose to scale for crypto currency?

>> No.3172642

>https://www.youtube.com/watch?v=MfH1B85YyFU
Anyone who is skeptical needs to watch this video.

>> No.3172644

I have 100eth I can afford to throw at this. Red pill me anon

>> No.3172650

>>3172628
doesnt work

>> No.3172666

>>3172642
doesnt work

>> No.3172702

>>3172625
Also I don't see why they would need a separate token for this (except to collect swee ICO shekels of course) because
1) it's on the eth network
2) they don't even state what the tokens will be used for but presumably to pay for the API data, there's no reason this couldn't be done with regular eth

>> No.3172703

>>3171521
I don't understand how they want to generate money

>> No.3172730

>>3172628
ChainLink uses Oracles to connect smart contracts to sources of data outside of the Blockchain. This includes things like confirmation of delivery of an item, confirmation of a wire being sent or received, interest rates from banks, sports scores, death certificates for life insurance, etc.

The traditional problem with Oracles is that the data feeds for the Oracles are highly centralized, and become the weakest link in the smart contract. As a smart contract becomes more and more valuable, the more it will be attacked, and typically at it's weakest point.

Chainlink uses it's LINK token to secure decentralized nodes which act as data providers for Oracles. The nodes are secured through staking LINK tokens, which then allows the node operator to earn fees/rewards from the smart contracts that are accessing the data from the Oracle.

They already have working Oracles. You can create one right now - https://create.smartcontract.com/#/signup Chainlink will enable security in Oracles that currently isn't possible, and enable smart contracts to functions in ways that will truly begin to shake things up.

More questions? Ask away.

>> No.3172736

>>3172666
>>3172650
>>https://youtu.be/MfH1B85YyFU

>> No.3172751

god dammit

youtu be/MfH1B85YyFU

>> No.3172753

>>3172730
I still don't understand. Where is my lambo in that story?

>> No.3172760

>>3172753
this

>> No.3172761

>>3172736
it works when you watch it on youtube not when embedded like that

>> No.3172767

100ETH min buyin. Most plebs can't even afford.
Move on

>> No.3172785

>>3172753
The LINK token is a currency used by things in the outside world to communicate with the blockchain I think

>> No.3172800

>>3172730
I still don't see how this decentralizes the oracles themselves. Is it just a matter of
>oracle provider publishes data to chainlink network
>data gets stored on chainlink nodes
>users of the data request it from these nodes
?

>> No.3172807

>>3172767

Crowd sale for the public is on Sept 7th

>> No.3172814

>>3172753
1 billion LINK tokens
30% developer share
35% split 50/50 between presale and crowdsale
35% for node operator incentives

17.5% will be available to people who can't afford the 100 ETH buy in for the presale. Many of the people buying the presale will not be dumping these. Also, there's a 20% discount on the presale, and prices go up if the ICO lasts longer than a day. Right now 2400 LINK = 1 ETH, on the ICO it will be 2000 LINK = 1 ETH.

No exchanges 100% confirmed yet, but EtherDelta is a given, Bittrex and Binance are likely.

If you want a Lambo, buy the ticket before I get the chance to sell it to you at 10x ICO.

>> No.3172831

>>3172800
Watch the whole video, but skip to 22:35 if you want a specific answer to that question.

youtu be/MfH1B85YyFU

>> No.3172879

>>3172767
>100ETH min buyin.
only for the presale

>> No.3172934

>>3172785
What?

>>3172814
Why would anybody want that to have a LINK token?

>> No.3172938

>>3172831
Alright, so they're maintaining a network that's basically middleware for oracles, and to use those oracles you need chainlink tokens? And also some part of the oracle fee goes to the chainlink company.
I still don't really see how this is fundamentally different from a data provider implementing their oracle directly on the ethereum network, and taking a fee in eth, but I guess it could be interesting if this is really that much easier to use, and they manage to market it to lots of payment processors/enterprise shit etc..

>> No.3172955

>>3172938
Because they don't have the experience and background that these guys do in writing Oracles and the necessary security surrounding them. Yes, they get a cut, but they're going to be continually maintaining everything and keeping it up to date with security needs as they change.

>> No.3172976

Most of these questions are answered starting at about 22:30 in the video

youtu be/MfH1B85YyFU

>> No.3173013

>>3172561
Do I have to provide identification to participate in the presale?

>> No.3173024

>>3172976
Yea I've just watched that, that's why I'm asking to see if I got it right.
>>3172955
I don't really have a problem with the devs taking a cut per se, but I wonder how this wouldn't become obsolete very quickly as people can just implement their own oracles, and they will be basically just as secure from a consensus/centralization standpoint, + they can get paid in eth without needing another token.
Of course the software has to be maintained but I can see players like Paypal or Amazon being perfectly able to do that themselves.

>> No.3173035

>>3173013
Nope. You can even do it from a US IP address as long as you check the box that you're not a US Citizen.

>> No.3173116

>>3173024
It's cheaper and more secure to pay a node operator that has a proven record of reliability and trust than to implement your own and continually update it and ensure that it's secure.

Sure, companies like PayPal or Amazon are perfectly capable of doing something like this themselves, but think of the tens of thousands of companies that rely on PayPal or Amazon for their services because it's cheaper and more secure.

Let's say someone develops a smart contract that enables customers pay for goods and services with bitcoin, and the vendor gets paid in ETH through the smart contract. By using a Chainlink node that is staking LINK that will be lost if they fuck things up, you get a much higher level of security.

>> No.3173153

>>3173116
So as a data provider I publish an API in a format that the chainlink nodes can understand, and then what? Do I have to pick a specific node, or does it not matter which node passes the API through to the eth blockchain?
>By using a Chainlink node that is staking LINK that will be lost if they fuck things up, you get a much higher level of security.
How will it be determined if a node has fucked something up?

>> No.3173309

I'd like if they actually have customers lined up for this, don't they have connections to SWIFT for banks

>> No.3173388

>>3173153
Well I actually just spoke with one of the devs who said that they aren't taking a fee at all anymore. Node operator fee goes 100% to the node operator.

Same reason tokens like BAT exist - to create a token with a price point separate from Ethereum and to create it's own economy that is independent (obviously it's not 100% independent from ETH) from Ethereum's economy and price fluctuations.

>> No.3173442

>>3173388
alright, thanks for the infos anon. I'll hit up the slack if I have further questions.

>> No.3173451

>>3173309
Yes, they've built proof of concept Oracles with SWIFT.

>> No.3173485

> Don't have an account on this team yet? Contact the team administrator for an invitation

so how the fuck do i join the slack

>> No.3173527

>>3173485
wrong slack in OP, use this one - http://slack.smartcontract.com/

>> No.3173528

wait, hold up.

What the cap on this?

>> No.3173665

>>3173528
$32,000,000 roughly based on current ETH prices

>> No.3173738

What's the presale expiration date?

>> No.3173831

>>3173738
October 7th if they don't reach the cap beforehand. Zero chance it goes that long though.

>> No.3173918

>>3173738
From slack: "I honestly cannot say, when we hit our goal on our pre-sale it will end. We are no more than a few days away from that"

>> No.3173977

>>3173918
Looks like we need some moons. 31,000+ is a lot.

>> No.3174963
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3174963

Sergey just posted this in the slack to prove it's him

>> No.3174988

>>3173977
100 ETH is chump change in a presale for an ICO like this.

When this bitch goes 20x, just get that Lambo and get the fuck off this board.

>> No.3175026

>>3174988
plus you get 20% extra tokens during the presale. who doesn't love free money?

>> No.3175039

>>3175026
Liquidated 2k+ LTC to get some fat LINK tokens.

>> No.3175136

>>3175039
This is probably the best project we'll see this year and it's so under the radar. In for 200 ETH, and I know people in for a lot more than me.

>> No.3175209

ICO's seem like a clusterfuck. What do I have to do to ensure I can get in on this?

>> No.3175234

what's total supply?

>> No.3175246

>>3175209
Do you have at least 100 ETH to throw down right now?

>>3175234
1,000,000,000

>> No.3175284

>>3175136
Need 500 ETH ready to go for Kin and Enigma. Couldn't go deep for this one, just couple hundred ETH.

>> No.3175297

>>3175246

Nope don't have 100ETH. I'm assuming that's presale? What can I do instead?

>> No.3175328

>>3175297
Wait til general sale, they are closing presale very soon.

>> No.3175350

>>3175328

Cool. Any tips on ensuring I can get coins? I've heard when demand is high it's almost impossible without using bots etc. Or will they use a fair method of distribution?

>> No.3175351

this one or enigma?

>> No.3175373

>>3175351
enigma

>> No.3175399

>>3175350
Get a bot, program a bot, nit hard for this

But u def wont get any without one

>> No.3175409

>>3175350
This one is gonna be a feeding frenzy, so you might wanna be ready with your finger on the trigger

>> No.3175521

>>3175350
Figure out how to time transactions to hit on certain blocks with small amounts of eth using MEW, then when it's ICO time crank your gas price up to 60 (assuming they don't limit it), set your gas limit to 500,000 or something really high, and pray you can get your transaction included in a block before it sells out.

>> No.3175533

>>3172463
>26 posts by this ID

>> No.3175866

>>3175533
just trying to help some fellow anons out as they've helped me. I wouldn't have bought eth at $20 if it weren't for /biz/. nice digits btw.

>> No.3175879

>>3175866
replying just because of your dubs

>> No.3175903
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3175903

>>3175533
>>3175866