/biz/ - Business & Finance

noticed a lot of you guys didn't know what ChainLINK would be actually useful for or get too hung up on the "banking" premise that was shilled a lot on /biz/. Let me explain the TRUE merit of ChainLINK.
Bitcoin was the first decentralized currency that was trustless in nature. Ethereum was the first decentralized smartcontract service that was trustless in nature.
ChainLINK is the first "bridge" between real life data and crypto that is decentralized in nature.
What does this mean?
ChainLINK can take real time datastreams like Sensor data/non-crypto financial data such as real time interest rates etc and combine it with smartcontracts.
What this does is create tremendous potential wealth and make businesses possible that weren't possible before ChainLINK existed.
Let's look at the examples of how ChainLINK could be used in real life with one thing that is already confirmed.
A startup called Confido wants to make a payment and delivery system where they will use real time data from the delivery service's sensor system if a package actually arrived or not. When the sensor data confirm that the package is arrived a smart contract will automatically pay the vendor of that package automatically. This type of service would be impossible without ChainLINK if you'd wanted to make it trustless without 3rd party meddling.

>>9404791
The New Internet run on shitty orange pi power!

>>9400694
Dreamcast. My man.
I've got a new in box one that I'm holding until its the only one left in the world.
1000 EOY

>>9149602

>>9092528
>why couldn't chainlink be used in conjunction with this to communicate with different blockchains?
It's not a question of "why couldn't". This is a description of a system which does the same thing as chainlink/blockchain but without them. Make of that what you will.
>>9092647
The dumping is to do with BTC movement. I am actually doubtful that brainlets are able to realise that this is bad news. Perhaps they never will?
I'm still fairly comfy, linkpool collected 1k eth, the network WILL work. I'm just concerned what happens when Swift's absence can no longer be ignored. Cheap LINK I guess.
>>9092667
>How's ChainLink related to this.
You're almost there.

>>8629240
Ok Sergey wouldn't want me to tell you this but I want to help out my biz bros
Step 1:Repeatedly punch yourself hard in the balls
When you have that done report back for step too

Sergey is going to announce a major breakthrough at the conference. Several big named corporations will be named. People will be astounded to hear the shocking influence chainlink is going to bring to the industry.

I'm not going to say who or what. But you've been warned. Unironically not shilling, just letting you hopeless fucks get a chance at finacial freedom.

Can't say much more for fear of insider. But just let it be known the price will start to rise significantly after the conference, and the big pump to around $10 will occur a few days after once smart money hears the news.

>>8164826
Nah mate his point was chainlink wouldn't work "because of the oracle problem". Fuck knows what he thought he was talking about. And anons were seriously asking him for investing advice

>>7703245
For the love of God someone post Apple LINK I had been requesting that shit

>>7700001

Let's go!!!!!

BUY DREAMCAST LINK

>>7691013

LINK is Russian scam. Check their Github. No activity. Check their Twitter. No activity.

Buy DREAMCAST instead.

>>7691584
gib rare link pls

Coinbase had to hack their own systems to stop normies buying up all the link tomorrow baka

>>7659017

>>7652443
See >>7653470

Just fucking kys.

>>7640472

>>7635875

Rolling.