/biz/ - Business & Finance

The first one. Everyone and everything will need Chainlink decentralized oracles.

>>14004283
>i have followed chainlink forever
wow you are a new level of dumb

>>14004283
read the whitepaper

>>14004283
Fuck Link
I am never selling but damn, all the dumps lately is pissing me the fuck off

>>14004306
so SWIFT just provides an API?

>>14004310
What did you expect? A smooth upwards trajectory with zero fallbacks?

>>14004356
how fucking dumb are you? how the fuck have you been following chainlink "forever" but still dont even understand the foundation of it? yes oracles will be used to trigger smart contracts if someone needs that to be done. SWIFT doesnt just provide API info, they can make money off doing so. honestly i was going to type more but i cant fucking believe how fucking dumb you are to ask the most basic question about chainlink and you been following it "forever" WTF WERE YOU FOLLOWING LMAO

>>14004409
a real example
SWIFT providing API info for triggering smartcontracts, ok
SWIFT providing API access for triggering transactions (which can come from smartcontracts), ok

so is there no exclusivity between chainlink and SWIFT?

>>14004409
no refute

anyone who knows?

>>14004790
go listen to Sergey talk at Swift 2016 on youtube. Let him answer that for you. Fuck you for baiting me.

>>14004283
>other big users

lmao no

>>14004939
but what is the special thing here, if SWIFT simply will be offering APIs that smartcontracts can use?

>>14004310
99% of the people behind the pump have no fucking idea what it is. To them LINK is no different than MATIC or FTM. Just another pump and dump on Binance. Until Sergey starts making moves you will have to deal with this reality. Unless Sergey decides to suddenly retire to the Cayman Islands or gets hit by a truck you need to calm the fuck down.

>>14005041
I’m going to stop after this, you’re infuriating me. Hint: Libor scam

>>14005128
thanks for all your input
I'm reading about that currently
I see the technology but I don't understand in what way the technology will be used in relation to Libor scandal and so on

>>14004409
Fucking newfags... stop spoonfeeding them

>>14005101
>Unless Sergey decides to suddenly retire to the Cayman Islands or gets hit by a truck you need to calm the fuck down
I know but it still pisses me off to see other literal who shitcoins moon while LINK is in red. I’m sure one day it will oy off

>>14005246
access to unadulterated and verifiable data directly from banks. no more fudging numbers. transparency.

>>14005246
say the banks want to demonstrate their compliance, what is the best way to do it? they dont’t ‘just’ sell bond rate through api, rates are literally nothing.

>>14004480
Triggering smartcontracts using chainlink you massive dong eating dumb human scum

>>14005335
>>14005306
here talking about storing bank data on blockchain, not related to smartcontracts, but still chainlink bridging it correct?

>>14004283
It's simple. A transaction in a market is usually a buyer and a seller. There is some sort of good or service delivered in exchange for payment. A contract governs such transaction. So a smart contract needs to verify if the goods or service is delivered, and then it needs to trigger payment. That is inputs and outputs offered by Chainlink. SWIFT is a payment system. It's a messaging standard for bank transfers. So Chainlink allows for smart contracts to trigger a payment when the goods or service has been verified to be delivered. Of course, the contracts that Chainlink will first help govern are not typical goods and services type transactions. They are derivatives, insurance, bonds and other financial services

>>14005390
You don't even know what you're asking. Bye bye.

>>14005421
The way this SWIFT capability is unique to Chainlink is that blockchain networks cannot currently do so. SGX integration with the Town Crier acquisitions allows trusted hardware to hold SWIFT private keys without an oracle node being able to tamper with it. And the way Chainlink is unique when it comes to data inputs, it's mainly the decentralization of data sources and nodes

>>14005434
access to the data directly from banks, how?
not via SWIFT?
where is this unadulterated and verifiable data?

>>14005456
The way SWIFT benefits is that they avoid disruption from both fintechs (making it expensive and profiting by owning LINK off of having to allow them to access their APIs following PSD2 regulation) and crypto (allowing traditional fiat systems to benefit from the immutable and tamper-proof execution of blockchain networks, slowing adoption of cryptocurrencies as actual currency)

I am utterly fatigued over the sheer number of newfags. Why are people so incompetent. Life (for intelligent people) is basically hitting your head on the wall or suppressing your irritation over the majority of people’s intellect and working on something on your own.

Fucking hell

>>14005283
i know i shouldnt even , what was i thinking

>>14005498
thank you this message explained what I was looking for.

>>14005516
>iq posturing
You're just mentally ill

>>14004283
>>13988713

>>14005538
Imagine having to point that out

>>14005567
I like to imagine the time when this place wasn't full of lispy faggots asking me to imagine things. I don't remember when this began. I don't like it. It's stupid. Who the fuck started this?! Goddamned mind virus. You niggers have finally given me AIDS.