/biz/ - Business & Finance

>>11982265
>muh gaytherium muh smart contracts

So they won’t buy Chainlink until $10?

>>11982265
Smart contracts will likely be a privatized solution primarily for financial markets. I can see a scenario where banks and central banks all self-govern a blockchain/SC platform that executes trades. It's "decentralized," but only among trusted parties. The idea that banks and institutions will allow average individuals to be a potential authorizer is silly.

>>11982313
>muh oracle muh gaylink

Normies don't understand paper money and you expect them to understand crypto? Take a look in the mirror anon.

>>11982335
muh normies

>>11982319
axa's fizzy product is already running on the public ethereum chain and is tremendously successful. The public blockchain is where it's all headed. The infrastructure just isn't built yet, and it may take longer than /biz/'s attention span, but yes, banks and financial institutions will within the coming decades roll out products and perform business on public blockchains.

immagine having the audacity to shill scams after the market cap went from 210 to 135 bln, and is going towards 60/ 30 bln in the near future..
wonder where how much smart contracts will be worth then... kek

>>11982319
this is how icon's infrastructure works.
each group of banks or institutions get their own private blockchain but they can still use a common public chain with ICX to communicate with each other and still maintain the benefits of blockchain (security, traceability, censorship resistant, etc)

>>11982378
>muh icon muh blockchain
do you even know how gay that sounds? embarrasing

>>11982395
>posts 5 times in one thread
>has said nothing of value
oh u
you're welcome for the attention

>>11982414
>muh cockchain
>I am triggered
>gonna have to pull out the dragon dildo

>>11982265
>We know better
No we don't. The people on this board are just as braindead as the normies. I've made more posts than I can count explaining why currency coins are retarded and they never understand.

>>11982265
Yes, the smart contract bubble is now in the stealth phase.
It's going to be the biggest bubble in the history of mankind.
Everything points to ethereum as the main beneficiary. Imagine the fomo: everyone will want to invest to get staking rewards of the platform of the future. None of that 'store of value' ponzi bullshit, just a simple income-generating asset.

The bubble isn't going to happen soon, more like 2025.

>>11982452
ETH already mooned though

>>11982452
yeah, buy buy buy kekekekekekkekekek

>not winner takes all
they're all living in a late adopter dreamworld. crypto has already been winner takes all, a few transient alts in a bull market and suddenly they all think holding random alts long term is a feasible way to make money.

bitcoin/ethereum are already eating the entire market, and its even more obvious in bear markets, when you see zero interest from anybody other than existing bagholders on the development/utility of alts, whereas bitcoin and ethereum are still seeing interest from outside the crypto community, in traditional markets and especially for ethereum in this new wave of stablecoins and legally-backed tokens.

Then why has nobody found any legal uses for blockchain yet

>>11982474
ETH can't even be used for real world smart contracts yet.

>>11982488
By this logic, wouldn't something like link be the biggest winner since it actually makes smart contracts possible?

>>11982474
ethereum's mooned twice now, bitcoin several times, and yet there's never been anything else that comes close to taking market/mindshare away from either of them.

late adopters desperate to make money own any number of shitcoins, but they never do anything other than experience bubbles in bull markets, and then collapse. most even remain forgotten when the next bull run arrives, meaning none of them have any long term staying power.

if you're still trying to get rich in this market, you need to reassess your goals.

Give me list of all projects that actually have Smart Contract utilities

Hard mode: No Chainlink or Ethereum

>>11982474
it mooned because of icos + because people were expecting staking in 2018. It got delayed years into the future so eth dumped.
It may be good in the long run, a bubble now would be premature.
>>11982478
>t. brainlet
https://sinahab.com/2018/11/real-estate-tokenization/
http://fortune.com/2018/08/23/hotel-real-estate-aspen-blockchain-ethereum-st-regis-indiegogo
EVERYTHING is going to be tokenized. Real estate, stocks, bonds, personal debt. Literally everything that can be traded.
Everything points to ethereum.

>>11982265
It's not just smart contracts, OP. Crypto is creating an entirely new ecosystem for transactions. A transaction CAN be I give money to you. But it can also be, I share data with you or, I open a channel for you to share data or trade money. This, combined with smart contracts, creates an entire world of possibility for cost efficient automation which will save companies trillions of dollars every year.

Imagine going to your local gas station and putting the pump into your car. Your car and the pump communicate and your car tells the pump how much gas you need. The pump then fills your tank exactly, charges you what is to be charged, and transfers that money to the appropriate bank. The input from the gas pump informs the gas station owner how much gas needs to be ordered and orders that automatically for him. The invoicing, and all contracts signed, are all executed automatically and every single piece of this process is validated by thousands of computers on infallible and secure ledgers. All of this can and will happen via a variety of crypto/blockchain platforms and exchanges.

>>11982499
chainlink is unproven and in many cases unnecessary technology, injecting a funding token into a process that doesn't require one, or chainlink's middleman network itself when using api-sourced oracles only.

and that's without even going into their broken token supply/distribution/economics model. nobody is getting rich from funding tokens anymore

enthusiasts = ~2016
corporate backend / sex work / gaming = ~2020
internet normies = ~2024
general population = ~2028
reality is cyclical. if you look at the adoption of any significant technology, it generally follows this trend
i.e. smartphones: enthusiasts 1999, corporate 2003, internet normies 2007, gen pop 2011

>>11982512
>https://sinahab.com/2018/11/real-estate-tokenization/
oh yeah, mmm i think ill sell my $2mln property in LA for some tokens

>>11982534
even with bitcoin the cycle works: enthusiasts 2009, sex work, drugs and gambling 2013, internet normies 2017...

>>11982528
What are smart contract projects that are relevant?

>>11982521
>I share data with you
like an email? or a sms message?
lmao you nerds
fedora tips
kekekekekekek

>>11982536
are you retarded? the house itself becomes a non fungible token and the blockchain becomes the real estate ledger. You sell your house by transferring the token, you take mortgage by transferring token into a smart contract that gives you money and locks it + expects regular payments, etc.

>>11982499
Now you understand.

ALL THE SHILLS HERE WANT YOU TO BUY, REMEMBER NOBODY WILL GIVE YOU GOOD INVESTMENT ADVICE UNTILL ITS TOO LATE...
GET READY FOR ANOTHER DUMP, THIS WEEK...
THE PONZI IS OVER

>>11982521
I agree, thats how it's going to be really soon, the only reason is you absolutely dont need a blockchain (specialy not a public one) for any of that shit

>>11982555
Would you agree that it's smart to have some btc/eth as well as a hedge in case link doesn't work?

>>11982551
nobody needs this, i prefer to work through my bank / mortgage broker...
lol gaytherium
get rekt nerd

>>11982521
>>11982551

Should I buy this coin?
https://www.swissrealcoin.io/

>>11982511
Give project which haven't

>>11982565
>smart contracts = ethereum
hello normalo
look up qldb instead of sperging all over an unrelated topic
the future is blockchain, and in that future btc and eth could very well be worth $0

>>11982585
Bitbean/Bean Cash

>>11982265
Wait by next EoY, we hope to be rolling out tokenize real estate in Texas. SMARTCONTRACTs are the future.

>>11982581
tokenization increases liquidity and massively decreases costs, which means prices are better. Tokenized real estate sells at a premium for this reason. You are free to lose hundreds of thousands and do everything the old way, boomer.
>>11982584
that's a tokenized reit, buy if you think property values are going to go up there. Don't think of it like an ico

>>11982595
>the future is blockchain
i keked nerd
cant wait for the market cap to go back to 30/60 bln...lmao
thanks for the keks

>>11982511
Aeternity. Executes smart contracts in state channels (off-chain) for actual scalability and writes results on-chain.
Imagine running millions of smart contracts on-chain like ETH.. cant scale for shit. Look at what happened with crypto kittens

>>11982618
State channels are layer-2 and work on any turing complete platform

>>11982610
>tokenization increases liquidity and massively decreases costs
>Tokenized real estate sells at a premium for this reason
so tokenization decreases cost but at the same time makes real estase sell at premium?
what a load of shit
amazing

>>11982638

>>11982610
Last thing we need is even more liquidity in the markets

>>11982668
faster price discovery is always a good thing

>>11982611
do you have a literal mental disability?
i am telling you BITCOIN AND ETHEREUM COULD BE WORTH 0 AMERICAN DOLLARS. THE EXISTENCE OF BLOCKCHAIN TECHNOLOGY IS INDEPENDENT OF CURRENT PUBLIC CRYPTOCURRENCIES
and qldb is amazon's permissioned ledger, if you're too ignorant to know and too dumb to google shit
forget solving the oracle problem, the real challenge of blockchain tech is solving the mong problem

>>11982511
Unironically REQ

>>11982632
yes but eth needs layer-2 solution adapted to it, ie other projects (bandaid). This one has it implemented on the core protocol. Results might be the same but AE has more room for growth, and has integrated oracles as well. It will also stay PoW unlike ETH, and uses Bitcoin-NG for faster transactions.
With Bitcoin-NG, miners compete for a key block. Once a key block is mined, the miner becomes a leader for the next 3 minutes and signs microblocks (3 sec each). This translates to faster txs/sec

>>11982644

>>11982678
>forget solving the oracle problem, the real challenge of blockchain tech is solving the mong problem
kek

>>11982678
lmao getting triggered? kek
heavy losses from ath while still believing cryptocurrency mumble jumbo?
cant wait for jan/feb, lel you nerds

>>11982688
I meant MORE txs/sec

>>11982692
the premium is smaller than cost reduction brainlet, so both the seller and the buyer gain.
a five year old could figure your 'paradox' out

>>11982688
this line of thinking is why late adopters are bagholding so many shitcoins.

ever wonder why bitcoin is where it is today with decade old tech, and dime a dozen shitcoins with "better tech" consistently amount to absolutely nothing?

the biggest lie late adopters believe is that tech matters.

>>11982512
Explain ETH staking?
It will be like mining income but all you have to do is hold ETH in your wallet?
How much money will this bring in and when is it happening? This sounds like guaranteed steady passive income, I can see it might be a good idea to accumulate ETH now?

How are smart contracts going to be valuable normal people in a way that builds wealth? You techno nerds can't answer that. Smart contracts are just another utility token.

>>11982717
if tech is irrelevant then we're all trading numbers for the sake of it, akin to a giant ponzi. Is that what you're saying? its all just a scam/ponzi? then it does not matter what coin you pick, just buy low sell high whatever

>>11982713
>muh ethereum is going to dominate the real estate industry
kek

>>11982265
I agree with you OP. Crypto to replace fiat is a fucking meme and will never happen. This is why I hate redditers while they all circle jerk about nano, when DAG coins are shit to begin with. I think crypto will exist to make transactions to compliment fiat, much like how they do today, but will never come close to broad daily adoption.

Smart contracts/DApps & Fin Tech will win.

>>11982713
>the premium is smaller than cost reduction

>>11982265
you're deluded as well. smart contracts are much more useless than currencies, and digital currencies are redundant and useless.

the only real use of cryptocurrency is to increase your fiat wealth. that's all it will ever be until this ponzi goes to $0.

>>11982728
You need 32 eth minimum, you lock them up in a special contract. Your need a node. Your node generates blocks (how many depends on what fraction of staked eth you locked). You get the block rewards (inflation + transaction fees).
>How much money will this bring in
It all depends on adoption. The number that matters in the end is 'what are daily fees'. If there are 1B tx/day (sharding) and each tx costs $0.01, this means the fee income is $10M/day. That's divided among all staked eth, probably 10M-50M eth. In the 10M eth case that translated to $365/eth income per year.
If only $100k are spent on fees daily the the number goes down 100x obviously.
>and when is it happening?
That's the question, they have serious problem with delays. A realistic answer is 2022, super-optimistically 2020.
>>11982763
Current total cost: $10k
Current price: $300k
Buyer gets $300k
Seller pays $300k + $10k = $310k

New cost: $50
New price: $304975k
Buyer gets $304975k, $4975 more
Seller pays $304975k + $50 = $305025k. Saves $4975

Result: the price is higher and both parties gain. Magic.

>>11982763
>17 posts
Kek

>>11982763
Jesus Christ you're retarded

>>11982817
>Current total cost: $10k
>Current price: $300k
>Buyer gets $300k
>Seller pays $300k + $10k = $310k
>New cost: $50
>New price: $304975k
>Buyer gets $304975k, $4975 more
>Seller pays $304975k + $50 = $305025k. Saves $4975
>Result: the price is higher and both parties gain. Magic.
never going to happen, it would kill to many jobs and tranfer wealth from the 1st world to russia (ETH)

>>11982834

banks are manipulating crypto because they want to buy in cheap

>>11982861
The Fed can just co-opt the tech you know

>>11982534
>>11982539
seems sensible. I think it will be a bit faster this time because adoption and information and sentiment is much faster these days than they were before, but it should follow almost this

Give me one fucking coin/project/whatever the Jews will use

I had high hopes for IMMO because of the Rothschilds rumors but it turned out false

Give me one fucking blockchain project the Rothschilds will fund and I go all in

>>11982843
>we can't automate it will never happen, muhjobs.
yeah sure and we can't let women work either. who is going to stop automation?

>>11982944
>Give me one fucking blockchain project the Rothschilds will fund and I go all in
the one they make themselves in 2030 once all the kinks are worked out

>>11982439

>dragon dildo.
>not dragonchain.

>>11982957
its different automation brings profit to the industries and to the state, smart contracts take away profits from the state to give it to russia (eth) no 1st world country would accept that, because it doesnt benefit them

>>11982521

Imagine going to the gas station and taking the pump in your hand, then you put money into the machine, and it lets you pump precisely as much gas as your money's worth.

Imagine this fantastical future that already exists.

>>11982992
guess I should have figured it was bait the first time

>>11982688
do you even know that eth has layer 2 loom network which has an android game that is used by millions daily with all collectibles on eth?
this shit has already happened and theres a PS4 game soon on loom going live
no one talks about it cause muh bags

>>11983068
>which has an android game that is used by millions daily
lmao the absolute state
>2 mother fucking digits

>>11982265
Anyone that's betting on a repeat of 2017 is retarded. Things will go up again, but it'll be the already established coins in the top 50 at most, that will be the biggest gainers. There will not be another speculation bubble. At this point it's a fight for supremacy.

People are done gambling on whitepapers and ICOs.

>>11983101
>>11982692
>>11982638

Imagine being this retarded and pathetic. Top fuxking kek

>>11982521
Lol that already happens when I go to the gas station, no need for smart contracts.

>>11982319
DELET
NOW

>>11984187
No it doesn’t. Literally none of that happens.

>>11982521
>Your car and the pump communicate and your car tells the pump how much gas you need. The pump then fills your tank exactly, charges you what is to be charged, and transfers that money to the appropriate bank. The input from the gas pump informs the gas station owner how much gas needs to be ordered and orders that automatically for him. The invoicing, and all contracts signed, are all executed automatically and every single piece of this process is validated by thousands of computers on infallible and secure ledgers.
There's literally no need for a blockchain anywhere in this system. Knowing how much fuel is left in the gas station's reserves can be (and is already) done with SQL databases for 1/100000th the cost. The gas station can charge your credit card like they already have the massive infrastructure to be able to do.

Most of the work involved in your plan is the engineering problem of expensive IoT sensors everywhere, which isn't remotely solved by adding cryptocurrency/blockchain/smart contracts.

Fucking deluded ideas guys.

>>11982944
Xrp or xlm?

>>11982991
Lol anyone remember the tripfag cryptobro who shilled dragonchain and deepbrainchain?

>>11982313

pretty much

>>11982486
>but where will these cars drive?

>>11982319
Absolutely braindead.
For all brainlets falling for the fud google PSD2

>>11982265
Bitcoin/XMR. LINK/ETH. Period the only shit worth buying. Speed isn’t important. It’s about social scalability they need to read based szabo blog more often.

You now remember slock.it

>>11984937
Cost savings. It’s not a need, it’s a want. All you retards are missing that which is the central point of the post, focused on the retarded gas station metaphor because you’re clinging for some kind of hope to be right. But the key is the cost savings. Companies WANT to save billions and trillions of dollars. That’s why the infrastructure will change.

>>11986356
>But it can also be, I share data with you or, I open a channel for you to share data or trade money
You don't need a blockchain to transfer data.
>This, combined with smart contracts, creates an entire world of possibility for cost efficient automation which will save companies trillions of dollars every year
You don't need smart contracts to automate things. Amazon Go stores automate payment without cashiers using traditional payment infrastructure. If they used a blockchain, it would be much more expensive for them. Blockchains are good for censorship resistance at the cost of high energy/compute power usage. Centralized companies have no need for that and obviously no desire to waste money on a feature they don't need.

>>11982265
first you thing bitcoin is the next big thing
then you think its something like ethereum
then you think it's some killer dapp
then you realize it's all BS and bitcoin is the only thing that matters
bitcoin = money, look up the market cap of gold and all fiat currencies today
then look up the market cap for potential eth competitors, it's a joke, very little upside, shitty inflation with meme staking on the very distant horizon.
Sad