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/biz/ - Business & Finance


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11759059 No.11759059 [Reply] [Original]

Hypothetically, if ETH were to get BTFO, would Chainlink be doomed?
Similarly, if we end up getting all major adoptions and LINK goes to the moon, would ETH follow suit?

In other words, just how much are the destinies of these 2 projects intertwined?

>> No.11759079
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11759079

How many times we gotta tell you dumb niggas? Read my lips:

BLOCK
CHAIN
AGNOSTIC

>> No.11759098

Yeah it doesn't make sense, basically you have to have faith in that link and eth are backed up by silicon valley under the bed and one day they will show up with firecrackers and you will get rich

>> No.11759102

>>11759079
>AGNOSTIC
Why not ATHEIST?

>> No.11759113

>>11759059
>Muh whitelabel
All of you that think Chainlink will be used as a (((whitelabel))) are deluded. Why would the financial and technology industries invest funds into a simple json parser and slap a new name on it, when they can have their dev team set one up in under an hour? Chainlink is a failed project. The only thing the Chainlink team did correctly was identify the oracle problem, but their solution is unorthodox and unreliable. If one node goes down, they all go down. Not to mention the flaws that have recently been discovered with GoLang. Chainlink is an insecure, invalidated, and expensive solution to an easy-to-fix problem. Anyone with a background in software development can tell you how easy it would be to create a simple middle ware platform in Java. If a first year CS student can do it, then slave-pay tier Pajeets can do it too. You faggots aren't going to the moon. You're not the crew of Apollo 11. You're the crew of Apollo 13, and you mother fuckers just stirred the tanks.

>> No.11759114

>>11759059
Holy shit the amount of newfags is getting overwhelming...OP did you even read the whitepaper ONCE?

>> No.11759124

>>11759059
I think stinky linkies really need to look into what is happening with BCH right now. (btw I am a stinky linky)
CSW and nChain may have built a version of BTC that has a working oracle within it. No need for outside oracles.
Now, forget about CSW and all the drama and consider that if it can be done it will be done. BTC (the real one) could very realistically implement its own oracle thereby rendering LINK worthless.

>> No.11759140
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11759140

Eth is gonna be just fine, but it wont see the widespread adoption link will.

https://cn.hyperledger.org/news/2018/10/02/10-2-18-computerworld-the-worlds-two-largest-enterprise-blockchain-groups-join-forces

>> No.11759146

>>11759079
>block chain agnostic
sure buddy, if the contract is gone you're broke.

>> No.11759157

>>11759102
Ewwww

>> No.11759158

>>11759124
Can the BTC internal oracle provide smart contracts and off-chain data though?
Or are they just on-chain oracles like all the others?

>> No.11759167

>>11759124
fuck off retard, major players are bulding their own dlt platforms with Microsoft, and hyperledger, the ones who don't will use eth, they don't care to use ur ghey ass bitcones. Link will be their gateway to their own systems.

>> No.11759177

>>11759113
>how easy it would be to create a simple middle ware platform in Java. If a first year CS student can do it, then slave-pay tier Pajeets can do it too
And still nobody has done it. Also what is wrong with golang, everything fine as far as I know

>> No.11759188

>>11759158
>Can the BTC internal oracle provide smart contracts and off-chain data though?
Yes! Look up the proposed changes for the BCH hard fork. Look up both sides changes and then check out nChain.
>>11759167
?

>> No.11759199

>>11759167
honestly, look at your own post.
>major players are building their own platforms
>but they will use my shitter ERC token on the ethereum network

What doesn't add up?

>> No.11759214

LINK is valuable because it can work with hyperledger.

>> No.11759218

>>11759188
legacy enterprise is not gonna rely on bitcones and their internal oracle, they don't care for the currency usecase, they care about cost savings and efficiencies gained from dlt and smartcontracts. They are building their own enterprise platforms and partnering with other legacy enterprise orgs to do the same, the will not dump all the private investments they made into those ends for the last 4 years cus fake satoshi built an oracle for btc.

>> No.11759236

>>11759199
trustless decentralized middleware backed by swift and is blockchain agnostic, your retardation is potato tier

>> No.11759242

>nobody uses bitcoin or altcoins after 10 years
but hey, guys, guys, major money will come into the coin i'm emotionally invested in.

Linkbrainlets should just fucking gas themselves already

>> No.11759253
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11759253

>>11759124
So your telling they just started? Yeah im really worried about it lmfao when link is 5+ years ahead, nice fud..a lot better then the low teir fud thats been going around...you guys are literally being played by some old white boomer dude good luck with that

>> No.11759256

>>11759236
that nobody will use, especially not SWIFT

>> No.11759262

>>11759218
>>11759253
Oh my God.

>> No.11759271
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11759271

>>11759242
kek, heres your (you). waching the post singularity suicide threads on biz soon is gonna be so fuggin comfy.

>> No.11759287

>>11759059
what do you mean by ETH getting BTFO? as in losing price?

its irrelevant. ETH may be the backbone but the value is what comes of it, and if Chainlink turns out to be the one use that people actually adopt then it'll be the driving force.

We could see $10 ETH and $100 LINK as an example (not these numbers, just to say ETH could be worth less than LINK token-for-token)

>> No.11759288

>>11759256
>>11759262
come on anons, come clean, how manky stinks do u own? no way ur are unironically this stupid and can still log on to the internet.

>> No.11759296

>>11759059
Kaleido just cemented the utility of ETH for a new age of innovation, even if everyone uses their own private chains. Complementary goods despite being link being chain agnostic. $2500 EOY

>> No.11759318

>>11759271
keep waiting, never going to happen

>>11759288
0 fuck you

>> No.11759330
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11759330

>>11759318
y u mad?

>> No.11759337

>>11759288
You have a cultist mentality. Rather than participate in a discussion you immediately think FUD. It's like a programmed response.

>hey guys what do you think about BCH implementing an ora-
>FUD SHILLL HAHA GET FUCKED

Do you even realize what you are doing? Are you a conscious human being? You're literally being triggered by words that feel threatening to you.

It's fascinating.

>> No.11759349

>>11759337
It's literally the /biz/ NPC

>> No.11759352
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11759352

>>11759337
u mad 2?


poo poo pee pee

>> No.11759361

>>11759337
because every single negative discussion has been debunked, you nolinkers only repeat the same shit over and over again, its tiresome, fuck right off

>> No.11759377
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11759377

>>11759349
kek,

>ur the npc
>no you are
>no you are
>no you are
>no you are
>……………


my linky stay stinky 1keoy checkem

>> No.11759379

>>11759361
yeah, and 1.5 years later it's stil at 0.54$
so we are right for over a fucking year

>inb4 oh this market, should've seen that coming

>> No.11759382

Close your eyes, try to clear any thoughts you are having
Take long, slow, deep breathes and put all your focus and attention onto your breathing
iiiiiiiinnnn.................... ooooooooooooouuuut

good. Do this for a few minutes, then -
VISUALIZE yourself becoming rich through your LINK investment
ANTICIPATE the things you will buy with your new found abundance of wealth
IMAGINE as though it is all happening now in the present moment, for the present moment is all that truly exists
MOST IMPORTANTLY
FEEL the way you will FEEL when that moment comes and you make it!
FEELING THE EMOTION IS MORE IMPORTANT THAN JUST VISUALIZING THE IMAGES!

Now open your eyes, look in a mirror, and recite these affirmations (use/add your own that is relevant to the reality you want to create once you make it)
I AM RICH
I AM WEALTHY
I AM A MILLIONAIRE
LINK HAS GIVEN ME INFINITE ABUNDANCE
It's important to do this when you wake up and before you go to bed, but do it as often as possible. Also hold the image and idea of us making it and LINK being worth $1,000 or more in your mind as you fall to sleep.

WHEN WE DO THIS COLLECTIVELY MY LINK BROTHERS, THE UNIVERSE WILL SEE TO IT THAT CERTAIN EVENTS, PEOPLE AND CIRCUMSTANCES WILL ALIGN AND BE ATTRACTED TO US - THAT WILL ALLOW OUR DESIRE TO MANIFEST INTO REALITY!
I love you all

>> No.11759406
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11759406

>>11759379
it seems our superiority has led to some controversy

>> No.11759412

>>11759361
>because every single negative discussion has been debunked
Can you imagine talking to someone about... say Climate Change and getting this response for them? Or maybe socialism? Or capitalism? Or literally fucking anything?

>Hey what do you think about-
>SHUT THE FUCK UP EVERYTHING HAS BEEN DECIDED ALREADY

>> No.11759432
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11759432

>>11759412
>SHUT THE FUCK UP EVERYTHING HAS BEEN DECIDED ALREADY

this, but unironically

>> No.11759441

>>11759406
If you'd call a 50% drop superiority

>> No.11759442
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11759442

>>11759377
ch-checked

>> No.11759444

>>11759432
Yes, you are a cultist.

>> No.11759455
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11759455

>>11759444
trips of truth, my dude, if you only knew.......

>> No.11759463

>>11759432
>>11759455
you forget the part where 20 retards try to post all the time to get the get while the rest of the board doesn't give a fuck

>> No.11759465
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11759465

>>11759441
I'm in the green friendo, you bought buttcoin at the top didnt you?

>> No.11759471

>>11759465
at the 2012 top yeah faggot

>> No.11759485
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11759485

>>11759444
also, get rekt faggit.

https://www.wired.com/2014/09/run-startup-like-cult-heres/

>> No.11759493

>>11759485
>let me google my perspective and find a site from 2014 to show i'm right
the iq of linktards

>> No.11759498

>>11759463
>rest of the board

get a load of this guy

>> No.11759512
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11759512

>>11759493
C
O
P
E

>> No.11759521

>>11759465
>>11759471
I think this is it right here. I too bought my first BTC in 2012. These new linkies are just that.... new. They've chosen to die on this LINK hill and for what reason? Gets? Holy fuck just look at the drop in /biz/ users over the year. You're being abandoned by the very people who were supposed to give you the comfort of the crowd. Fucking sad.

>>11759485
THANK YOU! This is my entire point. You picked the wrong cult because you are new. If you would have been around crypto 5 years ago you would feel the same about BTC that you feel about LINK.
But you missed it. Your brain thinks owning something valued at 50 cents is better than owning something valued at $5,500. You can't comprehend the idea of buying sats. It's just too complicated for your brain.

So you see LINK, it's cheap, and... GROUP CONFIRMATION BIAS!

>> No.11759545
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11759545

>>11759521

plebbit is awaiting your return, my lord, dont forget to tip ur hat on the way out.


*snap*


Yup, this is going in my nolinker pizza folder.

>> No.11759551

>>11759124
Enterprise wants nothing to do with bitcoin or any of its forks. The only people that still care about BTC are December bagholders and a handful of hardcore libertarian neckbeards on this board and Reddit. Everyone else already figured out it's a ponzi with no real value.

>> No.11759560

>>11759521
Honestly, i actually think most people who own link are pretty new to crypto, 2017 at earliest. We both know that biz isn't the same it's used to be. And i think it's just the new guys hoping to get rich on their coin. Which 50% doesn't even understand properly.

>> No.11759564

>>11759177
It's pasta. There is nothing wrong with Go.

>> No.11759570
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11759570

>>11759545
>>11759551
Holy shit. Are you the people I'm trading against? Nice.

>> No.11759580
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11759580

>>11759560
C
O
P
E
S

H
A
R
D
E
R

>> No.11759587

>>11759580
Ok, prove me wrong, show a screenshot of a bitcoin transaction from before 2017

>> No.11759589

>>11759570
>trade

ahahahahahahahahahahahahahahahhaha

this meme was made by accumulate gang*

>> No.11759604
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11759604

>>11759587
wutayagonnado bucko?

down vote my comment and give me bad karma?


I doubt it!!

>> No.11759620

>>11759604
Thanks, point proven. End of discussion. Goodnight literal kid

>> No.11759635

>>11759521
BTC is a failed experiment. It's been 10 years and all you can do with it is trade on bitmex and buy drugs on the internet while consuming as much electricity as a small country. Blockchain is here to stay, bitcoin is not.

>> No.11759644
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11759644

>>11759406

>> No.11759647

>>11759635
any blockchain coin failed, none is being used, banks just implement their own software now. Same will happen to LINK

>> No.11759649

Prior to DEVCON I would have said it would be an issue. Now it looks like Chainlink is going to steamroll ahead regardless.

>> No.11759657

>>11759620
>akshually literally
>End of discussion
>goodnight

god you are on heluva unironic fageeto

once link make adoption a real thing can I donate link to your favorite trans people of color charity to live stream you an heroing?

>> No.11759675

>>11759657
go to bed you have school tomorrow

>> No.11759676

>>11759199
Do you not understand that LINK is not tied to ETH? It can be used on other platforms. That's what it's designed to do. No one trying to FUD has any idea what the fuck they're talking about.

>> No.11759687

>>11759676
Sure, if the mainnet is launched. Which it hasn't for over a year now.

If your contract is gone tomorrow, you're poor. So yes, it's linked to ETH.

>> No.11759691
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11759691

>>11759587
bought 2 bitcoin in 2013 and bought $1000 of XRP when it launched. Here's my signup email. Currently all in link. You're not a special oldfag snowflake.

>> No.11759706

>>11759377
Based

>> No.11759709
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11759709

>>11759675
K
E
E
P
S

C
O
P
I
N
G

>> No.11759710

Look at all this dumb fags...

Link IS blockchain agnostic BUT how would you transact link if eth stops existing... So they are kinda coorelated...

>> No.11759714

>>11759691
nor does being interested in crypto in 2013 or earlier mean anything. I doubt you even were if you don't realize there was just as much mainstream hype then as there was in 2017

>> No.11759716

>>11759647
You are partially correct. Nobody is using these gay public chains run by "masternodes" or whatever the fuck. They are using IBM and other BaaS to create private chains and chainlink will be the oracle solution to feed 3rd party data to these chains in a trustless fashion. Banks (Swift, specifically) will use chainlink + private DLT.

>> No.11759734
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11759734

>>11759710
>kinda coorelated


FUG ME THIS THREAD IS HILARIOUS.

WE ARE ALL GONNA MAKE IT
WE ARE ALL IN THIS TOGETHER!!!

EXCEPT YOU FAGGY NOLINKERS, CANT WAIT TO WATCH YOU KNECK URSELVES.

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

YEET!!!!

>> No.11759738

>>11759714
There was hype. But 2017 hype was on a different level. Normies and retards got in

>> No.11759750

>>11759710
1) it would never just "stop existing" that's retarded
2) fork the token to Stellar or another faster chain. Most of the work is done off chain anyway the token is only a small part of the equation.

>> No.11759756

>>11759691
Congrats. May I ask how and why you decided to buy XRP that early.

>> No.11759762
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11759762

>>11759714
>I BET YOU DIDNT BUY IN WHEN I CLAIM I DID
>SO WHAT IF YOU BOUGHT IN WHEN I SAID IT MATTERS, IT DOESNT MATTER

REEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.11759770

>>11759738
t. normie retard

>> No.11759777

>>11759716
Honestly, if someone at swift just googled chainlink i think they'll nope the fuck out because of the memes.

And do you have proof of that?

>> No.11759779

>>11759079
in sirgay we trust

>> No.11759792

>>11759253
>So your telling they just started? Yeah im really worried about it lmfao when link is 5+ years ahead

5 years time and they've not even managed to shit out mainnet. Tells you something about their competence.

>> No.11759824

>>11759113
Thanks just sold 1,000,000 link

>> No.11759840

>>11759113
This pasta is getting stale

>> No.11759894

>>11759647
this

>> No.11759899

>>11759777
Checked. I am concerned about that as well. Swift has been plastered all over SmartContract.com for a year now. There is no reason for them to officially announce they are using it but I can't imagine any scenario where they would let them use their logo if they weren't.

>> No.11759915

>>11759894
You can't just implement an entire network of independently operated oracles brainlet. More likely banks will run their own oracles in the chainlink network.

>> No.11759924

I think it speaks volume when a good majority of people on here hold 10k+ LINK some even with 100k+ LINK. If you visit /biz often you should at least have some LINK and lets wait n see if we can make some decent money, Some will maybe be millionaires, others will not but will still be comfy. Why be so negative and try to rile people up? I thought we were all frens here?

>> No.11759948

>>11759777
I know I'll get roasted for sharing a plebbit link but still and interesting read: https://www.reddit.com/r/LINKTrader/comments/7pqo5t/anyone_know_if_link_is_involved_in_the_europes/

>> No.11759954
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11759954

>>11759113

C- for effort. Nice writing skills though.

>> No.11759981

>>11759113
thanks just sold 1,000,000,000 LINK

>> No.11759986

>>11759924
can't you spot the redditors fren?

>> No.11759990
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11759990

>>11759948

307 days ago this was interesting. Try to keep up.

>> No.11760000

>>11759750
How do you prove ownership or swap existing tokens if network is ogre?

>> No.11760015

>>11759124
>an oracle
bruh

>> No.11760022

>>11759924
You realize the vast majority of people(which hold less than 5k link) will sell all the way up to $5(highly unlikely it will even reach that) due to the extreme volatility of the market let alone this shitcoin

>>11759915
>much decentralization
It's a meme. You never see a discussion of the tech on /g and there is a reason for that

>> No.11760049

possible head and shoulders forming in charts?

>> No.11760279

>>11760000
What an absolute waste of gets

>> No.11760289

>>11759990
He asked specifically about chainlink + banks

>> No.11760375
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11760375

>>11759406

>> No.11760501

>>11759777
>SWIFT executive
>"here we have a solution to the oracle problem that will save us billions a year"
>googles it
>"oh no, some autists on an obscure image board have photoshopped the CEO to look fat. Let's give this one a miss"

>> No.11760511

just buy anon, everything will be fine

>> No.11761138

>>11759079
>Muh blockchain agnostic
>Muh whitelabel
Agnostic? More like autistic. All of you that think Chainlink will be used as a (((whitelabel))) are deluded. Why would the financial and technology industries invest funds into a simple json parser and slap a new name on it, when they can have their dev team set one up in under an hour? Chainlink is a failed project. The only thing the Chainlink team did correctly was identify the oracle problem, but their solution is unorthodox and unreliable. If one node goes down, they all go down. Not to mention the flaws that have recently been discovered with GoLang. Chainlink is an insecure, invalidated, and expensive solution to an easy-to-fix problem. Anyone with a background in software development can tell you how easy it would be to create a simple middle ware platform in Java. If a first year CS student can do it, then slave-pay tier Pajeets can do it too. You faggots aren't going to the moon. You're not the crew of Apollo 11. You're the crew of Apollo 13, and you mother fuckers just stirred the tanks.

>> No.11761162

>>11761138
Rigatoni is a great pasta

>> No.11761240

>>11760022
Decentralization is a means to an end brainlet. Its what allows you to execute a contract without a trusted 3rd party. If you can't understand why that's valuable for legal, banking, insurance, etc I'm not sure what to tell you.

>> No.11761320

>>11759714
Holy shit the cope from no linkers is reaching astronomical levels

>> No.11761358

Something i don't get from chainlink: If the token supply is so important for the node economy, why there is 350.000.000 tokens given for literally free as charity and not given to partnerships to consolidate even further the networks? the only reason i see that they gave those for trading is that it's a ponzi scam, if it were a serious project those tokens would be in the hands of the big players as some sort of insurance that everything will work in the end

>> No.11761444

>>11761358
>given for literally free as charity
Wrong.

>> No.11761494

>>11761240
It's un needed in today's tech world. Its been around for over a decade, yet there is no main stream adoption of it.

>> No.11761560

>>11761444

0.5 usd or the equivalent in eth coins is literally nothing....

>> No.11761620

>>11761494
Ok you got me. Just sold 100k. It is un needed. Why didn't I think of that god dammit

>> No.11761637

Asked this question in the official Telegram channel. Didn't get a response.
Thinking that the team could make a public agreement that in case of Eth shitting itself, the ownership of coins would be noted by the team, so that they could be reissued to another crypto-infrastructure (bch?)

>> No.11761692

>>11761637
fuck off retard

>> No.11761714

>>11761138
jason parser has been using the same name for years what the fuck are you talking about

>> No.11762706

>>11759114
What is a whitepaper? Does this mean I shouldn't have invested? I thought this was supposed to be like the next bitcoin or whatever.

>> No.11762759
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11762759

>>11759777

>> No.11762780

>>11760022
>You never see a discussion of the tech on /g and there is a reason for that
The reason is that it cuts costs for corporations. Its not sexy enough for them.

>> No.11763848

https://cryptocoinspy.com/7-partnerships-14-days-blockchain-firms-look-to-chainlinks-oracle-solution-to-up-smart-contract-functionality/

Stay stinky