/biz/ - Business & Finance

>>16786312
nobody will use it

Who is Jason Parser???

>>16786312
His name is Kevin and he's a nice lady.

>>16786319
McDonald’s will leverage this stable coin. It’lll be pegged to the Big Mac

>>16786312
DAI works perfectly already, next. Still 0 adoption.

>>16786312
Do you know someone else is also building a stablecoin using chainlink, with actual collateral and scalability?
DAS RITE

>>16786312
Insider here, I expect there to be at least three stablecoins built on Chainlink by the end of March, with the possibility of many more

>>16786717
is at least one of them chinese?

>>16786319
I will use it

eric holder lied paul walker died

>>16786312
What’s the use of chainlink here? To grab asset prices? That is, the asset prices the stable coin is stable with respect to.

We already knew ampleforth was on it

why/how is this good for chainlink?

t. brainlet

>>16786754
There is no fucking use, a stable coin will never be completely decentralized as the collateral has to be stored somewhere. And if your collateral is some shit token like MKR or RSR they have no intrinsic value at all and could be arbitrarily set at different values. But let's say you make some kind of open source libra thing. Yeah ok you get the prices from chainlink which is kinda trustless but who stores the collateral for when you want to cash out? A central authority will.

>>16786791
cloud computing and rlc stores them, together with vishnu

>>16786711
KYS Satsgang shill.

>>16786312
Sir, y u need oracels for stabelcoyn?

>0.7.6
How?

>>16786754
Smart contracts need data to work. And what fetches the data is called an Oracle. Chainlink is a decentralized oracle network to maintain security.

To put in simpler terms, Chainlink is the internet of the Blockchain world. See chain.link ‘s blog for more details

>>16786312
lol keep bagholding

>>16786312
Here’s an idea:
Build an oracle coin that queries exchange prices and can only be sold for greater than it was previously sold. It will be the first coin in history that deterministically cannot be dumped in price

>>16786312
big chungus

Chainlink makes stablecoins

OBSOLETE
B
S
O
L
E
T
E

>>16786743
Based and redpilled.

>>16786711

>>16787446

Actually, Stable coins make XRP obsolete.

>>16786312
Who gives a shit kek

>>16787446
price feeds and now stable coins
every day the list grows

Like a movie scene
In the sweetest dreams
I have pictured us together
Now to feel your lips
On my fingertips
I have to say is even better
Then I ever thought it could possibly be
It's perfect, it's passion, it's setting me free
From all of my sadness
The tears that I've cried
I have spent all of my life

>>16786754
I would assume so. That is why The Reserve team is using it.

>>16786791
>but who stores the collateral for when you want to cash out?

p2p market using chainlink to connect with paypal and SWIFT and using chainlink to release funds upon proof of payment through API's

>>16786319
FPBP

>>16787420
CHUNGAS CHUNGAS CHUNGAS

>>16786312
Now they'll be able to peg the LINK token to $1.70 and avoid the instability of price pumps?

>>16786754
>What’s the use of chainlink here
Read the white paper

Backed by Big Mac price?

Bearish unless connected to big macs in some way

>>16787864
Tonight is the night!

BIG NEWS COMING OUT OF LINKxMCDICKS

How many LINK until I can purchase a hapa waifu?

>>16786791
What is DAI, the post

>>16787739
HAHAHAH! Go fuck yourself