/biz/ - Business & Finance

[HE HASN'T BOUGHT ETHEREUM 2.0(...) No.6275928]

This is it. This is your final chance.

[Anonymous No.6275964]

hmm why should I?

[Anonymous No.6276000]

>>6275928
im curious. was ethereum shilled alot back when it was 12 dollars ?

[Anonymous No.6276326]

>>6275928
Newfag and yes

[Anonymous No.6276375]

>>6276000
It was actually heavily FUDded

[Anonymous No.6276456]

Ethereum 2.0.....
I'm fucking cringing at you faggots.. It's a fucking erc20 token for crying out loud, an overvalued one at that.

[Anonymous No.6276462]

the whole premise of chainlink sounds retarded.

If my ethereum smart contracts need external data, why use this over oraclize ? Why the fuck would I bother with another coin/ecosystem/ not to mention probable vaporware ?

I don't get it. (genuine, not FUD)
If someone can explain the advantages over oraclize, I'll be grateful.

[Anonymous No.6276510]

>>6276462

Did you even read the attached research? It literally talks about how banks want HIGHER security for bank information API and are looking for a third party to decentralise banking APIs and that the market could be worth up to 1 trillion. The articles are research done by top institutes like McKinsey.

[Anonymous No.6276515]

>>6275928
price is 3 times overvalued

[Anonymous No.6276560]

>>6276462
kek you're retarded

[Anonymous No.6276578]

>>6276560

explain then, I'm also wondering.

[Anonymous No.6276596]

>>6276456

i've found a home for you

[Anonymous No.6276609]

>>6276578
nah fuck off retard. stay poor if you want i don't care

[Anonymous No.6276654]

>>6276456
>It's a fucking erc20 token

>>6276515

>>6276462

[Anonymous No.6276670]

>>6276456
That's like calling calling a plane ticket worthless because it's paper.

[Anonymous No.6276704]

>>6276462
holy fuck youre dumb, I'm so glad I get to compete in this market with brainlets like you

[Anonymous No.6276760]

>>6276578
Oraclize is centralized making it a single point of failure. CL is decentralized and trustless.

[Anonymous No.6276815]

Yes and I'm more comfy than ever

[Anonymous No.6276817]

Do I ignore the highlighted text?

[Anonymous No.6276870]

>>6276462
Bunch of 4channers tried to force it as /ourcoin/ back last month during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

[Anonymous No.6276973]

>>6276670
What a fucking terrible comparison

It is like a airplane ticket and ethereum is the airplane. Just like Link it's an erc20 token running on the ethereum network.

You think a airplane ticket will ever be worth more than the airplane? Absolute delusion.

[Anonymous No.6276990]

>>6275928
Choose wisely, only one has moved up.


Psst, it's UFR

[Anonymous No.6277003]

>>6276760
Thanks! You're awesome.

[Anonymous No.6277042]

>>6276870
this is actually a good post, thanks anon

[Anonymous No.6277049]

>>6276870
>In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself..

do you have a single fact to back that up

[Anonymous No.6277051]

>>6276870

Show me a single daily chart for a top 100 coin as bullish as LINKs has been for the past 2 weeks. There have been virtually no heavy dips, but strong growth. Virtually every other 'altcoin' that experienced a huge bullrun also experienced a massive dump. LINK is not just a JSON parser, the JSON parser is how it access APIs but the value of LINK comes from the network of nodes. Calling LINK 'just a json parser' is like calling a car 'just spinning wheels'.

[Anonymous No.6277050]

>>6276462
>Centralized data source for decentralized contracts.
You're actually retarded, right? A trustless contract is downgraded to a trusted contract if you use a data source which requires trust.

[Anonymous No.6277061]

>>6276870
Holy shit this is the best link fud I've ever seen. I think I might sell

[Anonymous No.6277096]

>>6276973

The airpline is the NODE network, the ticket is the token because it entitles you to a share of the networks value. You can call crypto a giant bubble of nothing, but at least try to understand the economics of why tokens have 'value' however speculative it is.

[Anonymous No.6277107]

>>6276870
best advice with supporting facts ITT

[Anonymous No.6277189]

Stop shilling it. Typically New linkers. If you really want to help than FUD it. The pink threads will be delicious

[Anonymous No.6277252]

>>6277061
I’m scared now

[Anonymous No.6277261]

>>6276462

>What is ChainLink?

ChainLink is blockchain middleware that allows smart contracts to access key off-chain resources like data feeds, various web APIs, and traditional bank account payments.

By providing smart contracts secure access to these key resources, ChainLink allows them to mimic real world agreements that require external proof of performance and need to make payment in widely available payment methods e.g. bank payments.

>What problem does ChainLink solve?

Smart Contracts are unable to communicate with external resources on their own. Data feeds, any/all APIs and traditional bank payment systems are all inaccessible to smart contracts without blockchain middleware like ChainLink.

This limitation is inherent in how smart contract data is secured on a blockchain, and is due to the way that consensus is reached by miners around blockchain-based transaction data; this limitation will remain for all smart contracts for the foreseeable future.

The way this problem is traditionally solved is through the use of a blockchain middleware called an "oracle", which is the role ChainLink plays in the smart contract ecosystem.

[Anonymous No.6277303]

>>6276870
Finally a true summary. Thanks, seriously.

[Anonymous No.6277320]

>What are some examples of how a ChainLink can be useful?

ChainLink bridges smart contracts to key off-chain resources like data feeds, legally binding e-signature and bank payments; allowing them to mimic real world financial agreements, for example:
Smart Contract Securities need data feeds about market prices and market reference data e.g. Interest rates. They commonly also need to pay into existing bank accounts for many of their users, which can only be done through a ChainLink that connects to the existing banking system.
Smart Contract Insurance needs data feeds about IoT data related to the insurable event in question e.g. was the warehouses magnetic door locked at the time of a breach, was the companies firewall online, did the flight you had insurance on arrive on time, etc... Insurance products also commonly want to pay out in formats that users already want to receive e.g. USD to the end-users bank account.
Trade Finance Smart Contracts commonly need GPS data about shipments, data from supply chain ERP systems, and customs data about the goods being shipped; all of this data needs to be added to the smart contract by a ChainLink. Many trade finance transactions are still currently settled in fiat currency, which they can pay in using a ChainLink.

[Anonymous No.6277426]

>>6277303
Is this real or trolling

[Anonymous No.6277678]

>>6276870
NOOOOOOOOOOOOOOOOOOOOOOOO


DELETE THIS

[Anonymous No.6277895]

>>6276870
Wrong sergey brainlet. That next sergey is comefrombeyond from iota.

[Anonymous No.6277918]

>>6276870
This is incorrect but reads well. Good job on the fud anon, saving.

[Anonymous No.6278144]

You need to buy EGAS and hold it long term, it has huge potential. 13M Max supply and it costs pennies right now. Great concept and active twitter. mooncoin material.
Take a look@ https://coinmarketcap.com/currencies/ethgas/

[Anonymous No.6278429]

>>6277918
Mind elaborating what you find incorrect on that?

I've been on biz pretty much 24/7 since spring last year and feel that's a pretty accurate representation of chainlinks history on this board, there's nothing there that isn't true or can't be backed with evidence.

[Anonymous No.6278726]

>>6278429
NO ONE CORRECT HIM. PLEASE. LINKIES DONT BE FUCKING DUMB. THIS IS FRESH FUD WE CAN FINALLY SPAM. DONT BE FUCKING STUPID

[Anonymous No.6278931]

>>6278429

it's definitely an accurate representation. i'd recommend that anyone reading this market sell all their link asap.

[Anonymous No.6279001]

>>6278429
I don't understand why banks or any company would use a decentralized system. It puts them at unnecessary risk.

[Anonymous No.6279044]

>>6276000
>>6276375
It was both. Go google the 4chan biz archives and search for ethereum. It's eerily similar to the way Chainlink is talked about

[Anonymous No.6279067]

>>6279001

Exactly. That's exactly how decentralisation works. LINK is a scam.

[Anonymous No.6279099]

>>6275928

I'm in tears anon, beautiful work

[Anonymous No.6279353]

>>6279001
They wont, literally 99% of these new projects will see no adoption, it's honestly the dot com bubble of our generation.
But that doesn't mean the technology is completely worthless the challenge is just finding the new amazons and google to come from this, ethereum is a good example of technology that isn't ever going to go away no matter what happens to the price. Nearly half of the coins in the top 100 on CMC are now built upon the ethereum network

[Anonymous No.6279625]

>>6279067
lol

[Anonymous No.6279908]

>>6279353

>Notably, banks have traditionally viewed the custody and protection of their clients’ data as a responsibility, more of a stewardship role than an asset to be commercialized. Data sharing in financial services tends to be risk- and permission-based, with required audit trails, and subject to regulation and risk management.

>Further questions persist regarding the duty to redact “sensitive data” in certain circumstances as well as third-party providers’ obligations to delete/destroy data after a period. Many of these details remain a work in progress and will be refined as the market impacts of open banking play out. Banks are understandably concerned about such details, as any perceived disclosure missteps will almost certainly radiate back to their brand.

From the article written by McKinsey. Decentralisation offers a compromise between standardisation, security, sharing, and consumption for highly sensitive API data (which is a huge market according to more research by McKinsey), it is one thing to FUD LINK but please for the love of god educate yourself before drawing conclusions about the value of a successful decentralised API network would be.

[Anonymous No.6280420]

>>6279908
You summed up my thoughts exactly in those quotes to think I think banks will never adopt a decentralised anything.
Client data IS their responsibility do you really think they want to relay transactions containing millions of confidential and personal data through a untested and unproven decentralised network that isn't even built yet where their confidential data will be running through nodes hosted by some neet 4chan faggot, if a node was to go rogue anywhere in the system or any major fault or bug was found it would be completely devastating for their company. I praise ethereum a lot and I have a big stake in it but it's been RIDDLED with bugs throughout its history and many vulnerabilities that still haven't came to light.

Banks want to keep everything centralised so they are in full control of the data they send and receive at every step in the transaction. Put it this way if you were sending money or confidential data through a network would you prefer to have that information stay within your banks control throughout the transaction or would you be happy to have your data shared with millions of anonymous nodes all around the work on a completely unproven and untested network that isn't even built yet created by 2 random developers with no proven background.

[Anonymous No.6280524]

Sold 3k LINK yesterday to quickly flip a shitcoin on binance in order to increase my LINK stack
Went to sleep, shitcoin went down 50%, should I sell low and panic buy 1,5k LINK?

[Anonymous No.6280532]

>>6279908
You summed up my thoughts exactly in those quotes to why I think banks will never adopt a decentralised anything.
Client data IS their responsibility do you really think they want to relay transactions containing millions of confidential and personal data through a untested and unproven decentralised network that isn't even built yet where their confidential data will be running through nodes hosted by some neet 4chan faggot, if a node was to go rogue anywhere in the system or any major fault or bug was found it would be completely devastating for their company. I praise ethereum a lot and I have a big stake in it but it's been RIDDLED with bugs throughout its history and many vulnerabilities that still haven't came to light, and look how many big name companys and developers they have working on it.

Banks want to keep everything centralised so they are in full control of the data they send and receive at every step in the transaction. Put it this way if you were sending money or confidential data through a network would you prefer to have that information stay within your banks control throughout the transaction or would you be happy to have your data shared with millions of anonymous nodes all around the work on a completely unproven and untested network that isn't even built yet created by 2 random developers with no proven background.

[Anonymous No.6280701]

>>6280532
Sgx means nodes don’t know what data they’re relaying

[Anonymous No.6280883]

>>6280701
Intel SGX isn't secure at all

[Anonymous No.6280931]

>>6280701
I'm aware of this it's not like I think they are communicating in plain text cmon anon.
My issue is it's completely out the banking systems control, and there will be bugs and there will be exploits.
You send a 10million dollar transaction and the information gets lost along the way due to a newly found exploit. Do you think the bank can just say 'oh it's not out responsibility we sent the transaction to some russian nodes through the chainlink network and the data was compromised before it reached its destination'.
That will NEVER work, a decentralised network will just never work in any sort of mainstream banking

[Anonymous No.6280949]

nice collage faggot

[Anonymous No.6281152]

>>6280931

>. Do you think the bank can just say 'oh it's not out responsibility we sent the transaction to some russian nodes through the chainlink network and the data was compromised before it reached its destination'.

Please at least try to understand what chainlink is before you post; it will make your fud stronger.

[Anonymous No.6281202]

>>6280931
maybe and maybe not
but never? how is it for you to know?
I agree that banks would rather keep everything under their control but sometimes you are forced by new technology
either you adopt or you will be left behind
also the ones currently in control and profiting the most will still be there
also ripple is a threat to swift (blockhain to banks in general) so maybe thats the reason why swift looks into this "new" blockchain technology to stay ahead

[Anonymous No.6281292]

>>6281152
I literally fully aware of what chainlink does, more than most people on this board. Tell me what problem you have with that scenario and I'll be happy to explain more in depth anon.
The biggest use case and only saving factor in chainlink will be swift adoption on their platform these are the exact scenarios swift would have to deal with if they choice to adopt the chainlink platform.

[Anonymous No.6281339]

>>6281152
I'm literally fully aware of what chainlink does, more than most people on this board. Tell me what problem you have with that scenario and I'll be happy to explain more in depth anon.
The biggest use case and only saving factor in chainlink will be swift adoption on their platform these are the exact scenarios swift would have to deal with if they choose to adopt the chainlink platform.

[Anonymous No.6281395]

Guys should I buy some link?

[Anonymous No.6281436]

>>6281395
Yes you should immediately buy some link it's s great investment, r really good. I own lots just buying more right now in fact.

[Anonymous No.6281443]

>>6276462
>tried to force it as /ourcoin/ back last month during the presale
>presale
>last month

[Anonymous No.6281546]

>>6281443
Yea that was a grammar error on my part sorry there should be a comma there