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/biz/ - Business & Finance


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13070263 No.13070263 [Reply] [Original]

Strap in.

https://twitter.com/blythemasters/status/1108365575443701766

https://digitalchamber.org/wp-content/uploads/2019/02/National-Action-Plan-for-Blockchain_.pdf

SMART CONTRACTS
Smart contracts have enormous economic potential due to their frictionless nature. Smart contracts can increase the speed of transactions, executing them almost instantaneously. A seemingly limitless number of miniature transactions can take place, on a rapid basis, through smart contracts. For example, a standardized swap transaction documentation may be represented by a smart contract that, among other things, automates the exchange of margin payments among counterparties and reports transaction data to regulators. This utility can be used to create disintermediated business processes: where payments across entire supply chains are streamlined, and equity holders or employees are compensated automatically upon the occurrence of certain events. The potential economic gain can be furthered with the addition of other types of new technologies, such as IoT-enabled devices. For example, an IoT device, such as a smart-meter on a home, could record and log the usage of electricity. If the home is generating excess energy from a solar panel, the IoT device can automatically execute smart contracts to sell the unused energy to the grid.

>> No.13070273
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13070273

>>13070263
Link token is the embodiment of a true "shitcoin"
Its blind adherents put the XRParmy to shame with their incessant circlejerking
>muh 1000 eoy is fud goys
Meanwhile the "CEO" is busy commenting on asian trannies reddit selfies (see pic) while discord ATH buyers are praying and meming to just break even on their initial "investment"
Top kek

>> No.13070279
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13070279

>>13070263

>> No.13070288

>ctrl + f
>”chainlink”
>0 results

>> No.13070293
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13070293

>>13070263

>> No.13070296

Looks like a legit account.

>> No.13070300

>>13070288
>>13070293
low IQ tier plebs. how the fuck you going to get smartcontracts to execute themselves? Get fucked you drooling dribbling retards.

>> No.13070312

>>13070273
Damn, you really know your shit!
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

>> No.13070314
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13070314

>>13070296
dont be such a brainlet lmfao

>> No.13070327

https://digitalchamber.org/initiatives/smart-contracts-alliance/

>> No.13070357
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13070357

>>13070312

>> No.13070371

>>13070327
These are the exact type of secret Jewish alliances that led to World War One.

>> No.13070375

>>13070263
all this talk, how are we sure they are using link? DOesnt sound very bullish at all

>> No.13070399

>>13070375
Ask Gavrilo Princip.

>> No.13070403

>>13070375
Link is synonymous with smart contracts. Blythe has always been a distant dot with chainlink, but this being the first tweet in months means that she's still in the game. It's good news.

>> No.13070413

>>13070403
I am all in on LINK but please tell me how saying that LINK is synonymous with smart contracts is not delusional

>> No.13070414

>>13070375
>>13070403
This. It doesnt matter what network they choose for smartcontracts, link is what will be supplying them all with defi data.

>> No.13070423

>>13070413
Because SC’s need data to be executed you fucking brainlet. LINK plugs the decentralized data into a SC so it can self execute. Now sell your LINK and fuck off.

>> No.13071023

Bump

>> No.13071039
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13071039

>>13070263
>SMART CONTRACTS
>Smart contracts have enormous economic potential due to their frictionless nature. Smart contracts can increase the speed of transactions, executing them almost instantaneously. A seemingly limitless number of miniature transactions can take place, on a rapid basis, through smart contracts. For example, a standardized swap transaction documentation may be represented by a smart contract that, among other things, automates the exchange of margin payments among counterparties and reports transaction data to regulators. This utility can be used to create disintermediated business processes: where payments across entire supply chains are streamlined, and equity holders or employees are compensated automatically upon the occurrence of certain events. The potential economic gain can be furthered with the addition of other types of new technologies, such as IoT-enabled devices. For example, an IoT device, such as a smart-meter on a home, could record and log the usage of electricity. If the home is generating excess energy from a solar panel, the IoT device can automatically execute smart contracts to sell the unused energy to the grid via ChainLink.

>> No.13071059

>>13070273
Thanks just sold 100k

>> No.13071074

>>13070413
Chainlink owns smartcontract.com what are you on about faggot

>> No.13071190

>>13071074
That doesnt mean they own the concept of a smartcontract.

>> No.13071241

>>13070414
>nk is what will be supplying them all with defi data
Don't get cocky, link doesn't even have a working product out.

>> No.13071425

>>13071241
doesnt matter, it works. the network is already in effect. once mainnet is released and orgs are beginning to implement the use of smartcontracts to cut costs itll take off. if you actually looked into the whole shebang you'd realize this is waiting to explode.

>> No.13071662

>>13071425
Settle down Muhammed. There will be no explosions.

>> No.13071742

>>13071425
The network effect isn't there yet because mainnet isn't up. It's in the teams best interests to get it up asap, which is why I'm curious to why theyve been seemingly idle lately.
They have alot of partnerships but talk is cheap. It's why no one cares about anything but the mainnet date anymore. All of the ducks are lined up, were just waiting for mainnet.

>> No.13071801

>>13071662
Sorry fbi. I retract my statement and wish the record to show there was no intention or explicit mention to any physical explosions.

>>13071742
There are 1000s of neets ready to run nodes and provide sufficient network access for those who are looking to deploy SCs