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File: 439 KB, 1253x3436, oracle bubble.png [View same] [iqdb] [saucenao] [google]
11894547 No.11894547 [Reply] [Original]

Who else accumulating in prep for the upcoming smart contract / decentralized oracle bubble? Pic related - notice that "muh digital currency" bubble has popped, but the smart contract bubble hasn't undergone the same crash, in fact it is yet to form, and appears to be either in the late stages of stealth mode, or shifting to initial take off.

>> No.11894726
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11894726

>>11894547
Whoever made this infographic is an absolute fucking legend. This place is an utter shithole, but if you can navigate through all the mentally ill fuck-ups and basement dwelling neets, the information you can discover here will make you a millionaire. Years from now, posts like these will be dug up from the archive and people will make threads about the seeds of Chainlink’s rise to the moon. Listen, and you’ll become wealthier than you ever thought imaginable.

>> No.11894735
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11894735

>>11894547
My body is ready

>> No.11894736
File: 211 KB, 1818x1398, chainlinkgoogletrends.jpg [View same] [iqdb] [saucenao] [google]
11894736

The Finns are onto something

>> No.11895035

>>11894547

This is why I come to biz. Thanks OP

>> No.11895094

How much will it be? Do I sell at the 2020 1K high or wait for 2025?

>> No.11895108

>>11894736
Sell sell sell! These are the people who bet against Android for Windows Phone!

>> No.11895120
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11895120

>> No.11895164
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11895164

>>11895108

>> No.11895165

>>11894547
>please buy so my bags don't become worthless

>> No.11895219

>>11894726

The cost of this information is to be a disgusting neet.
Only autism and desperation can navigate this kind of situation and see.

We are gonna enter the dead phase of the market. Btc 2,000$ and stagnant for a year, all normies gone. No new interest.

Link will fade to obscurity. It will only live on here in perpetual sports like fud.

>> No.11895236

>>11894547
Very solid analysis OP. Did you make this?

>> No.11895247

>>11894547
didn't post in original bread but nice work, clean and simple

>> No.11895266
File: 966 KB, 1148x916, LINK_2.jpg [View same] [iqdb] [saucenao] [google]
11895266

You were too smart, too early, for your own good. The link price will keep dumping with bitcoin and the late adopter normies will have a cheaper entry point than you. All your reddit fuding was pointless. Ironic, isn't it. Furthermore, chainlink itself is also too early. It will not be the catalyst you expect it to be. By the the time the smart contract trend hits major enterprise adoption and normie consciousness, all its competitors will have joined the market and developed more robust systems.

>> No.11895272

>>11895236
yes, thank you for your praise.
I think it could take several years before we see smart contract mania, but if their adoption really does happen, then it will happen. Already we are seeing a bit more media attention here and there. Imagine the same level of bitcoin hype last christmas but for smart contracts and oracles...

>> No.11895295

>>11895266
>what is first mover

>> No.11895309

>>11895295
Oraclize?

>> No.11895310

so all in on ethereum? ok got it!

>> No.11895319

>>11895272

Why would normies hype smart contracts?

Its like hyping fuccking GPU compilers. Whut?

Bitcoin hype was because it was a currency and it was going up in value and “blockchain bro”. Simple to get behind.

>> No.11895342

>>11895309
Yea because orcalize was a first mover in decentralized oracle network space

>> No.11895380

>>11895342
> decentralized

ummm, you need to double check that buddy

>> No.11895421
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11895421

>>11895342
just stop

>> No.11895422

>>11895380
>what is sarcasm

>> No.11895448

>>11895422
sry anon, didn't read your previous post

>> No.11895488
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11895488

>>11895448
Np fren

>> No.11895565
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11895565

>>11894547
Itt

>> No.11895585

>>11895272
Didn't we already see the smart contract bubble in 2017 when ETH and other smart contract platforms mooned?

>> No.11895600
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11895600

>>11894547

Smart contracts are the worst thing in existence.

Only libertarian retards in the crypto cuckuland think this is a good idea. This despite them getting massively fucked a large number of times.

>muh unstoppable steadfast code.
>muh DAO.
>THE DAO.
>muh I get fucked every second of every day for being an idiot.

>> No.11895649

>>11895600
>Smart contracts are the worst thing in existence

That is correct because functioning true trust-less smart contracts still don't exist.
Soon hopefully

>> No.11895677
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11895677

>>11894547

>> No.11895693

>>11895266
You’re underestimating how powerful the network will be. How can they catch up to that? Most permissioned private blockchains still need a decentrialized oracle.

>> No.11895807

>>11895094
You need a proper sell off strategy. Me I’m selling off 25% of my bags at $200. Another 10-15% at $500. And 25% at $1k. The rest I’ll just let ride to 2030. Life is about to get a little more interesting.

>> No.11895838

>>11895600
Is this seriously how your brain works?

>> No.11895842

>>11894736
shh, dont reveal our plan for world domination

>> No.11895906

The key takeaway is that this will indeed be a bubble. The question is what's the top going to be?

>> No.11895910

>>11894547
Oracles belong to smart contracts (trend). You can't profit on link or anything similar, there are no network effects. It's a race to the ground of the actual cost to download data - which nearly zero.
Other than that, you're right. The tokenization bubble has yet to come. 2+ years

>> No.11895933

>>11895842
How the fuck are there so many Finn's in on link srs?

>> No.11895966

>>11894547
>LINK: -25%
It's over guys. We lost. Rest up and get ready for wagecucking tomorrow and for the rest of your life.

>> No.11896022

>>11895585
no, look at the graphic

>> No.11896089

>>11895933
i have no answer to that, we do have our own imageboard which is pretty popular amongs the teenagers and young adults, they do visit the chans too

>> No.11896096

>>11895693
No blockchain needs a decentralized oracle. Centralized ones work perfectly fine, this obsession with trust minimization is insanity.

>> No.11896260

>>11896096
If centralized oracles were sufficient, they would already be in use. They aren't in use for more than shitty gambling dApps. The highest level of security is required for higher value, important smart contracts, such as those from financial markets. That's why literally "hundreds of teams" are waiting for chainlink mainnet to provide their oracle solution - current, centralized solutions are not good enough.

>> No.11896286

>>11894547
you need btc to buy chainlink, who cares about trends?

>> No.11896290

>>11896260
>If centralized oracles were sufficient, they would already be in use.
They are, it's called oraclize.

>They aren't in use for more than shitty gambling dApps.
That's because smart contracts are mostly useless in the first place.

>The highest level of security is required for higher value, important smart contracts, such as those from financial markets.
They will never be used for this. Delusion.

>That's why literally "hundreds of teams" are waiting for chainlink mainnet to provide their oracle solution - current, centralized solutions are not good enough.
Yes, hundreds of scamcoins are waiting to partner with LINK, which is itself a scamcoin, like all other cryptocurrencies.

>> No.11896310

>>11895677
>check'd

>> No.11896368

>>11896286
you won't need to ;)

>> No.11896394

I'm asking this rhetorically but how does nobody know about chainlink

>> No.11896476

>>11895933
There has been numerous Over 9000 replies threads In finnish imageboards regarding chainlink. Some of the memes were actually spawned there.
Perhaps we are somewhat semi autistic.

>> No.11896480

>>11896394
kek

>> No.11896500

>>11894726
>>11894547
So basically you made it

It's a pile of shit, doesn't prove anything and is literally the internet equivalent of some house bound hermit pinning up newspaper clippings of various unrelated news stories and drawing red ink connections thinking that they are some kind of genius outsider gifted with lucidity but are simply oblivious to how totally daft they are.

Smart contracts will never parallel crypto in search results because it is not of broad interest, plus the whole concept of smart contracts is just unbearably naive anyway. They will almost all end up like the DAO. Nobody has the time and ability to audit the code on every smart contract, it incurs absurd levels of risk and any reasonable person would rather deal with contracts that can be argued in a court rather than something that gets immediately vacuumed into some chink's crypto address never to be seen again.

Tl;dr smart contracts are an even bigger autist delusion than Bitcoin replacing the mainstream financial system

>> No.11896501

>>11896290
>They will never be used for this. Delusion.
ISDA and other organisations are putting in place the initial standards for adoption of smart contracts. They are preparing. Dyor.

>> No.11896535

>>11896500
>contracts that can be argued in a court
This is the biggest misunderstanding of smart contracts. They are not actually parallel to "contracts" in the traditional sense.

Sorry that you suck at identifying trends in emerging technology.

>> No.11896611

>>11895933
Pretty sure the Finnish just really like fences.

>> No.11896686

>>11896611
Finnland is #1 in research rankings worldwide. see bloomberg rankings.

>> No.11896710

>>11896500
You have literally no idea what you're talking about
Is this FUD or are you this stupid?

>> No.11896731

>>11896500
>he thinks smart contracts are literally replacements for contracts
kek

>> No.11896732

>>11895910

You mentioned tokenization bubble, do you suspect shitcoins like JNT, GVT, and POLY to participate?

>> No.11896861

>>11894726
Chainlink is going to zero, oracles arent a major problem, its a shit token.

>> No.11896934

>>11896732
>do you suspect shitcoins like JNT, GVT, and POLY to participate
No, I don't see a reason for the provider (middleware) itself to have a token. They just tried to profit from the ico boom.
The profits to be made will be in the infrastructure: platform(s), exchanges, legal solutions, etc.

Unfortunately most of it is going to be available only to VCs to invest in. The platform is probably going to be the sole exception.

>> No.11896937

>>11896500
Lmao why do you waste so much energy spewing this delusional shit.

You realize smart contracts aim to automate simple processes right? It never has to be complicated it just has to be trustless and automated.

>> No.11896945

>>11896611
yes, due the growing nigger problem in sweden

>> No.11896962

>>11894547
anyone else has these sort of divine vibes from chainlink? like you were always meant to buy chainlink and its your destiny? like its the entire reason why you discovered 4chan in the first place

>> No.11897005

>>11896962
stop smoking cannabis, you have a proclivity to schizophrenia.
I'm not joking, your way of thinking is a warning sign. There's no grand plan that connects everything.

>> No.11897053

>>11896962
I bought Chainlink mostly for totally sentimental reasons, feel free to ridicule me for these reasons.

First of all, I like the name. It is not some NeoXV, Omega, Magna, Stellar, AtomiX or something stupid sounding shit like that. Honest fucking name: Chainlink, providing links between blockchain and all sorts of data through oracles. Yeah, a blockchain link. Reasonable name, just like Bitcoin: no bullshit around the name.

Day before I bought chainlink I was looking this lantern hanging from a chain and thinking about my shit life. This lantern also was cubical, in somewhat same fashion.

The next day I started to look into crypto just for the heck of it. I haven´t bought any crypto since buying bitcoin for some drug trading sites like Silk Road in 2010. So I decided to go in for LINK.

This is the only crypto I have properly ever invested and the only I ever will. Plan on acquiring like 10-15k link and call it a day and sit on it for the next 5 years.

>> No.11897114
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11897114

>>11894736

>> No.11897179
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11897179

>>11894736
>>11895933
Insider info:

Finland is going to publish a marketplace for tokenized assets next year. They are going to use CL

https://yle.fi/uutiset/3-10454370?origin=rss

>> No.11897182

>>11894736
The smartest people on earth and soon richest

>> No.11897218

>>11894547

Fuck off Delphi, your are grasping at straws now

>> No.11897320

>>11895693
>Most permissioned private blockchains still need a decentrialized oracle.

Do you have any source for that? If they trust the small network in the first place, why should not they trust current information providers, which will have apis for their sc.

>> No.11897372

>>11896500
>They will almost all end up like the DAO. Nobody has the time and ability to audit the code on every smart contract
You’re just not knowledgeable enough to know this, so I’ll tell you about it. There are certain contracts that everyone enters into, over and over and over. If you make one robust contract, with no security flaws (much like the subprograms that run in your computer), you can allow millions of people to rely on it (since it’s generic) for their purposes. Basically you abstract out all the specifics, and make a template that is robust, so that Startup a, b, and c all could use the same contract (but different instantantiation) for entering into a simple agreement with other companies.

Nobody is gonna write the code and hire a security specialist EVERYTIME. Rather, a bunch of open source developers will hive mind a bunch of useful shit (like ChainLink), run tests on it, and allow anyone in the world to use it, so long as the people using the project also use the token. That’s where the token value comes from, and the developers incentives lie.

>> No.11897520

>>11897179
kerro lisää

>> No.11897563
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11897563

>>11897372

>> No.11897638

>>11897372
This is 5 years away. LINK will be $.02 and I'll be dead by then.

>> No.11897854

>>11897638
a bit of an exaggeration, technology adoption is exponential. Smartcontracts are coming sooner than 5 years. Max 3 years. Probably within 2.

>> No.11897872

>>11897114
What's the average for burgers?

>> No.11898097

>>11895094
2025 my prime will be over I’ll be a 30 year boomer and most likely an alcoholic if I keep this pace

>> No.11898115

>he thinks a biz meme token will make him rich
>he forgot 85% of the tokens were whale controlled
>he thinks he's gonna make it
https://etherscan.io/token/tokenholderchart/0x514910771af9ca656af840dff83e8264ecf986ca

>> No.11898133

>>11895421
He was being sarcastic. If I can tell if people are sarcastic even over text does that mean I’m high iq?

>> No.11898431

>>11895272

Bitcoin is a urrency, somenthing thata normies understand. Smart contracts are more like the chip integrated into your VISA credi card. Do you thing it's hype-able?

I don't think so.

We will probably never see the last yeas's level of hype in the crypto sphere unless some big announces happen, like ''Trumps pays pensions in bitcoin'' and so on.

Smart contracts are not hype-able at the same level of somenthing normies bareley understand (bitcoin = anonymous currency in their minds)

>> No.11898563
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11898563

>>11898431
You underestimate zoomers

>> No.11898608

>>11898563
zoomer detected. mommy and daddys christmas gift money doesnt count for shit

>> No.11898632
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11898632

>>11894547
deluded meme-thinking. There won't ever be bubble around oracles, they're not that useful. The only reason chainstink ever mooned is because of autistic NEETs taking their bags with them to the grave rather than selling.
Blockchain interoperability on the other hand could be the next p&d meme. I'm accumulating shitcoins like AION and QNT as much as I can now

>> No.11898647

>>11894547
real talk.
what's the best way, from a business perspective to help with smart contracts implementation, usage, etc? Right now its clear we have companies that want to adopt them, and lawyer firms interested in them too. I want to be part of the movement.

>> No.11898676

>>11898608
My point is the mentality. Literally everything Andreas Antonopoulos has aid about zoomers and banks will be true if you can’t understand how the world changes then you don’t deserve to make it

>> No.11898864
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11898864

>>11896500
>orange coin bad

>> No.11898902

Some of those whales are customers (partnerships).

>> No.11899430

>>11896962
>>11897053

Just to add my two cents, I've been interested in Link for the past year, but it only clicked with me during the last week or so, and I'm now all-in.

Even while invested in other coins, I had a couple of very esoteric, spiritual dreams about Link, like being sat in an ancient windmill with Sergey and Assblaster and discussing the nature of the situation. When I remembered the dream, I realised that the fact that Link had embedded itself into my subconscious (when no other crypto projects had done so) was a sign that I should keep an eye on it.

Other little things like thinking about Chainlink and then "Chainlink" appearing in the lyrics of the song I would be listening to (eg. Lost Boys by Death Grips), or going to wipe my arse after taking a shit only to notice the hexagonal pattern on the toilet paper and remembering all the stupid toilet memes about Sergey.

I wouldn't call it divine or a destiny, but I do have a weird feeling about Link.

>> No.11899474

>>11897872
70

>> No.11899480

>>11894547
Explain, succinctly, what a smart contract, an oracle, and the oracle problem is.

>> No.11899770

>>11894547
OP did you make this?

>> No.11899991

>>11899770
Yeah he did, I asked him. Read the thread

>> No.11900013

Do I sell at 1K? Will you guys tell me to hold?

>> No.11900024

>>11899480
dada, sproon fweed mwe pweeze. dada!

>> No.11900054

>>11896500
this is your mind on bluepill. do you not realise there are smart contracts running on ethereum right now, many of them handling significant amounts of money? MakerDAO alone holds over 1MM ETH, which is still 100MM USD at current prices.

>> No.11900065

>finland
>korea
>australia
>autism and shitposting
just sold all my links

>> No.11900118

>>11895906
This

>> No.11900137

>>11895906
Top was literally 10k sats.

>> No.11900491

>>11899480
A smart contract is like a dumb contract but moar smarter. An Oracle is that lady in The Matrix. If you're not all in after knowing this information I'm not sure what to tell you.

>> No.11900800

>>11898431
Hint: for the smart contract bubble we wont need normie hype

>> No.11901433

>>11897854

I think more like Next year. 2019. Smartcontracts are already being developed. We are on the cusp of a new economy.

>> No.11901451

>>11899480
The book "Mastering Ethereum" is about to drop Dec 10th. There will be pages dedicated to decentralized oracles, Chainlink

>> No.11901620

>>11894547
i've always wanted to try this:

>cope

>> No.11901755

>>11895906
100k sats

>> No.11901770

>>11901620
i’ve always wanted to try this:
>you have to go back

>> No.11901797

>>11901755
Only? So let's say BTC hits a mil. Then link will be worth... 1000!! Das it mane

>> No.11902003
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11902003

>>11897179
>>11897520
this.

>> No.11902085

>>11901433
Are smart contracts even viable without a decentralized oracle?

>> No.11902131

>>11894547
I've had the idea that the future of manufacturing is small shops operating through a decentralized system of contracting where you buy machine time. It also has the added benefit of not having a single company knowing what the product is for security concerns.

How do I get into this? I'm trying to build a machine shop and I honestly believe that a smart-contract system through decentralized technology is the best way for my business to operate.

>> No.11902233

>>11901451
Fucking normie

>> No.11902303

>>11902131
Can you expand on this idea? Not quite sure what you mean. I work in a machine shop and know people who operate their own small machining businesses

>> No.11902326

>>11902303
that would never fly in my machine shop. insurance costs are too high to allow any jacking ape to run the machinery. technical certifications are of the highest importance.

>> No.11902362

>>11902085
No. Smart contracts without a decentralized oracle are “like a city with no electricity.”

>> No.11902390

>>11902326
I don't mean that, but a system that quotes and contracts out jobs without you needing to have people spend their time figuring out how long it's going to take to machine a part, material costs, and how much you'll need to spend on wages to produce the part.

Basically if you could find a way to help small businesses be better able to compete with economy of scale, you could disrupt the industry.

>> No.11902518

>>11902362
How come there are anons that are optimistic about smart contracts that say link is a shitcoin? It it just fud?

>> No.11902575

>>11902518
Because they either don’t know how smart contracts work yet or are just fudding because they’re bored. Having a decentralized oracle network makes the most sense so there’s not a situation where you have 1 node trigger a contract that is secured by 1000 nodes. I don’t know if chainlink will work but they are the furthest along in development. Betting on link is a highly risky endeavor but one that I believe if they fulfill their mission could cause be the biggest problem solved since invention of the lightbulb.

>> No.11902796

>>11902518
Yes. There is at least one link-holding fudder in every thread.

>> No.11902813

>>11902390
Makes sense that in the future people will people to rent out stuff like this through smart contracts.

>> No.11902825

>>11902390
I reckon you mean a sort of rental warehouse that produces on the fly whatever a smart contract spits out? what kind of machines do you have in mind, like 3d printers?

>> No.11902939

>>11897872
56

>> No.11902947

>>11898431
im not even going to tell you why we dont need normies for chainlink. im just going to tell you to fuck off instead. fuck off

>> No.11902955

>>11902947
Normies will follow big money movers after the fact anyways.

>> No.11902979

>>11902955
in my mind what's going to happen is there will be 1 big firm from every industry that starts using chainlink. it starts out as a "company secret" before it inevitably leaks to other companies. massive snowball effect ensues. after that the normies pick up on it, the ones who have contacts in the big firms and then the unconnected normie gets in.

>> No.11902982

>>11894547
Interesting...
Could you compare muslim man and pregnant Sergey?

>> No.11903122

Bump for lesbians

>> No.11903129

>>11902979
Yeah I think so. I think Hyperledger and Microsoft might be the first dominos to fall. Maybe Docusign after that. SWIFT I think comes later maybe late 2019

>> No.11903173

>>11896290
>>Yes, hundreds of scamcoins are waiting to partner with LINK, which is itself a scamcoin, like all other cryptocurrencies.

you brainlet. If you would just think for a moment outside of crypto and understand who is supplying the real world with smartcontracts youd have a chance in leaving the poor life you live.

>> No.11903207

>>11903173
Tell us more

>> No.11903215

>>11896535
This is work being done right now to make smarcontracts legally enforceable if decentralized oracles are used.
So yes, in sense, they do parallel contracts.

>> No.11903273

>>11903215
Are you Selman?

>> No.11903335

I agree anon. The level of discourse on /biz/ is 99.9 percent garbage tier, but then there are gems like this that make it all worth parsing the bullshit

>> No.11903396

>>11902979
it's so ridiculous. People pay and work for connections that give them this sort of insider knowledge. To think that information about the "next big thing" of big companies would end up on some obscure anonymous forum FOR FREE is just bewildering.

It's about as weird as hillary knowing what pepe is

>> No.11903403

Im gonna break it down really simple for you Anons.

The 2017 crypto bubble was the result of billions of dollars coming into the crypto market through ICOs specifically Ethereum being the onboard system. Hence why ETH hit as high as $1400.

Now, the ICO market is dead and Eth is cratering in price along with it and the total market cap of crypto. Not enough monetary flow through ETH anymore.

So, you might wonder what will bring in the next round of billions and usher in the next bull run?

Well, it aint gonna be BTC just like it wasn't during 2017. What we all learned is it was an actual global monetary flow through a system like Ethereum that created the bubble. Normis and hedgefunds wanting to invest and get rich.

So, what could do something like that again?

Its gonna be smartcontracts and the oracles that provide data and collateral value to the smartcontract economy. at first millions then BILLIONS then TRILLIONS will be running through the smartcontract economy once LINK mainnet goes live. If you understand the tokennomics of LINK you'll understand why the value of LINK must in lockstep increase with the smartcontract economy.

The monetary value of smartcontracts will dwarf all of crypto. And LINK will be its greatest benefactor

Strap in my anon frens. 2019 will be legendary.

>> No.11903416

>>11903403
How many linkies you hold?

>> No.11903421

>>11898431
Pretty much this.

You will not even notice it in your daily lives when smart contracts will be getting adaption in the future.

The only reason why chainlink may fail is that their program is too slow/shit and they are way too ahead of their time.

Smart contracts can be used to automate certain validation processes of multiple industries enabling effective communication between closed systems (archives, insurances, etc. ) and public systems (live exchanges for example)

It will be used to validate data, it will lessen the need for needless time-consuming-bureaucracy and make those industries flexible where you need to a human to oversee and check every document, sign them, copy them etc. or verify some bank transactions.

I am not saying Chainlink will be the #1 product or system whatever for this, but it would be naive to assume that we will not be automating these processes in the coming years (or decades). We are not going back to the stone ages, or 80s, these processes/industries will be automated to a great degree.

Smart Contracts, taken to their logical end game, means totally automated bussinesses from the beginning to end. Of course we are quite far away from that in terms of automation/cost etc. but in the future I believe that with enough capital, some kind of smart contract system, we will see companies that have all of their functions from production to management largely automatized and this is where smart contracts will come to play.

>> No.11903433

>>11895266
>late adopter normies will figure out how to use binance and shit
>implying they will fomo in anytime before it's available on preferred normie gateways
I can say definitively they won't

>> No.11903456

>>11903416
a little over 300k and still stacking

>> No.11903465

>>11903403
Thanks just bought 300 (am poorfag)

>> No.11903491
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>>11903403
>>11903421

Seriously though, I am a big believer in this kind of tech and smart contracts in general, but Chainlink may be a slow system to properly implemented.

I do not know how their test-net has been, or how many transactions/data feeds the network can handle without getting clogged etc. but even if they were way ahead of their game, we could see a product that would be comparable to pic related in terms of mobile phone industry

Only few people afforded them back in the day, actually, only very few people needed them back in the day, and they are nothing compared to our "smart phones" of today.

Chainlink is a very admirable project but I personally don't have any idea how functional it is at this point

>> No.11903545

>>11903491
Adoption will happen fast and it will hit early 2019.

The largest financial and legal institutions have been implementing adapters for the past few years.

Remember Chainlink is valuable because it can connect to the current legacy system.

>> No.11903630

>>11903491
Imagine the only way to communicate is by mailing letters and then the telephone comes along. Chainlink is that to the way corps will do contractual agreements. The world will be changed.

>> No.11903798

After main net, what are our options for cashing in/out? IIRC rocket lawyer was implementing cash-to-link, do we have any more info besides maybe request network?
Assuming link enables smart contracts to basically do atomic swaps, are exchanges btfo now?
Thx op for the quality thread, patience will pay.

>> No.11903822

Nov. 1st thread on Clovyr-Chainlink connection
>>>/biz/thread/11602553

Nov. 16 Drunk anon berates us about Finos dots
>>>/biz/thread/11772291

Article with Clovyr CEO today
>https://www.coindesk.com/amber-baldet-dont-force-public-blockchains-down-enterprises-throats

I figure we oughta be staying up with Clovyr news

>> No.11903826

>>11903630
no, chainlink is more like the pony express than the telegram.

>> No.11903827

>>11903798
inb4 request network
memes aside pretty sure they cant continue on fiat integration because they need an oracle system similar to what LINK claims to provide.
will be interesting times ahead..

>> No.11903858

>>11903822
nobody followed up on the finos dots. i couldnt find shit myself

>> No.11903952
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>>11903826
>chainlink is more like the pony express
take your autistic attempt at fud elsewhere, brainlet

>> No.11903958
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>>11900024
>>11900491
>>11901451
As he figured, no linker is able to explain the project in which they invested in. For anyone reading this post, this should be a strong indicator that this scam is not to be trusted. Most people who bought link, if they ever exist, did it because shills appealed to their emotion and nothing else. No rational person is interested in this project because it's all dust.

>> No.11904030

>>11903958
Ok, im gonna do you guys another solid explaining all you need to know about LINK tokenomics. There is much more regarding off-chain computation but lets just stick to this...

1. Link nodes will be paid in LINK tokens from smartcontract users

2. Smartcontract users will use nodes that carry enough LINK totaling a percentage value of the smartcontract.

This means that

a. The higher the price of LINK the greater number of smartcontracts can be used in the real world at any given time. This correlation will feed off each other. The more smartcontracts used, the higher demand for LINK, the higher the price of LINK goes

b. The higher the price of LINK equates a more stable the network.

c. The higher the dollar VALUE of the smartcontract economy the higher the price of LINK must go.

Now, if you anons have half a brain you will start to calculate the dollar value of the smartcontracts economy and the dominance it will have in our financial, legal, industrial institutions.

>> No.11904043

>>11903958
lmao it didn't even occur to you that you don't deserve an explanation.

>> No.11904083
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11904083

>>11904030
I see, thank you for the basic explanation. Where can I find more?
I'm also wondering what incentives will push companies to rely on smart contracts instead of what they're doing now.

>> No.11904162

>>11904083
Lurk more dumbass

>> No.11904172

>>11904083
theres a lot of buzz words that confuse many. Smartcontracts, decentralized, tokens, coins, ICOs. etc etc.

Basically this

Look at smartcontracts like a robot that does bookeeping for you.

It is always on. It never lies, it never steals, its never sick, Its labor is pennies compared to the dozens of accounts you use to handle not only the transaction in question but to up keep the accounting log. speaking of 15 years from now, the bookeeping is up to date and this robot does that automatically. Also, the robot is so efficient there is no energy bill for you to pay. Keep in mind, its on 24/7 365 days a year and replaces whole departements.

Every corporation in the world will look to use a robot like this to save close to 60 to 70% of costs they have been paying in the past.

Robots are the future. Smartcontracts is basically a Robot that works the books for you.

>> No.11904175

>>11904030
I don’t have half a brain anon continue schooling me.

>> No.11904185

>>11904083
I hope you're prepared to have your life ruined.
You will remember this post and look back and realize that I was right. Your life will be ruined if you buy chainlink.

>> No.11904224

>>11904172

Following up with this.

Robots lack one thing. Trusted data input in order to execute its job.

Thats what chainlink does. It feeds the robot trusted data. and the robot will only use nodes that have enough LINK tokens that equal a % pf the dollar value of the contract the robot is working on. If it is multimillion dollar contract the robot will need nodes that have that much. Just in case the oracle gives bad data. the robot will be compensated. This system chainlink implemented is to deter bad actors.

>> No.11904227

>>11904083
https://medium.com/@The_Crypto_Oracle/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

>> No.11904268

>>11904083
Even a 1% costs saved margin is enough to make businesses interested in using a new approach. It's all about the bottom line. Smart contracts margins will be a hell of a lot more than 1%.

>> No.11904333

This is all useless before there's any tangible product.

Tell me, when is Chainlink actually going to be live and operational? Anyone know?

Also, wouldn't it make just as much sense to invest in ETH as much as Chainlink, given this logic?

>> No.11904723

>>11904333
No, ETH needs chainlink. 90% of the projects need chainlink or a decentralized oracle network.

>> No.11904964

>>11902979
Yep. That will be most likely it. Some random anon with weapons grade autism will eventually track a smartcontract to swift or another big company. He will finish accumulating and he will sperg out on biz. We will know first hand, Fomo like crazy and just circlejerk about $2500 eoy as usual.
Normies will buy in 2 years after that thinking they are getting in early

>> No.11904981

>>11903335
The same could be said of all the boards..
But enough.. Have at you..

>> No.11904989

>>11904723
you realize with api support you can use oracles on ethereum today without any chainlink middleman? if apis are all that chainlink has to offer it's never going to be adopted

>> No.11905001
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11905001

i cant wait to see this board once link is dead

>> No.11905075

>>11904989

You realize Chainlink is a decentralized oracle network for a reason.

If an api data feed is the only thing a smartcontract needs then why use a smartcontract at all? Why use a decentralized trustless system with non decentralized data input?

>> No.11905083

>>11904989
>you realize with api support you can use oracles on ethereum today without any chainlink middleman?

Anybody can make their own oracles, the problem is, they are centralized.

>> No.11905092

>>11905083
oddly, with all the information out there, brainlets still slow to get it.

>> No.11905120

>>11905092
This isn't exactly the easiest subject for normies or anybody for that matter.

If blockchain would be the internet we are talking about here about https security functions of chainlink.

>> No.11905142

>>11905092
How confident are you that early 2019 is for sure it?

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>>11905001
>faggy soiboy who eats vegetables instead of meat can't into link
imagine my shock

>> No.11905189

>>11905001
back to lgbt, cum eater

>> No.11905255
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11905255

FUCK YOU FOR MAKING ME THINK CHAINLINK WAS A MEME HOLY FUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK ITS UNIRONICALLY GOING TO FLIP BITCOIN IN THE NEXT 10 YEARS