/biz/ - Business & Finance

>>17337611
>dubs
It seems Kek is with us today. May our holy stinkies flip ETH and reach $1500 eoy

>>17337663
Don’t get me wrong the main chain must be maintained and the value of both tokens will grow in parallel but seriously

This is Ethereum 2.0 today
How is Sergey not dick out saying this

This was always why Vitalik didn't like the project.
He knew Sergey would one day just replace him.

>>17337694
I honestly thought this animosity was conspiracy cope as myself being a marine

But dude, it is absolutely true.
Ethereum definitely has its place in the world with 2.0, but really almost all of the features are here today minus main chain staking with this

it's just more tech babble mumbo jumbo that no one cares about or will use, solution looking for a problem etc

>>17337917
XRP only has institutional interest because of its potential to wipe SWIFT, there definitely is interest for this technology from players like swift

>>17337730
it doesn't replace Eth, it really means that Eth are now forced to step the fuck up and provide all the features like scaling they need to, otherwise LINK will leave them behind.

Did skelly always know that something like this would happen and that's why he hates link?

>>17337917
please be quiet, the adults are trying to have a discussion.

>>17337981
and as for your question "how is this not over 1500", it's not exactly easy to understand, what you just typed, is it, hence brainlet reeeing (e.g. >>17337917)

I mean, all normies can understand is the CURRENCY aspect of crypto, so far, hence the massive popularity of Nano. "Adoption" to your average semi-informed reddit r/Cryptocurrency reader is still "oooh, this burger van accepts bitcoin!", they dont envisage crypto adoption as smart contracts, or Sergeys vision, that we have been autistically debating on this board for almost 3 years now.

>>17337611
The gas will still need to be paid in Eth

Explain Arbitrum to a brainlet please?

>>17337611
this guy actually gets it,
>>17337681
he knows, and he isn't the kind to make a public display, all the people who matter are being told
>>17337694
this
>>17337730
eth is now just the dispute settlement layer

1keoy is fud

>>17338162
Allows smart contracts to run off chain which makes them scalable and cost less

$1500 is exaggerating a bit but yeah how it’s not $25-100 and in top 5 I have no fucking idea.

>>17337694
>>17337730
Thought the same.
JellySkelly

>>17338274
Is it a proof of stake network or what? I’ll look it up and read, just looking for a summary

>>17338343
The POS is still ethereum it's just that most of the calculations are done on the Arbitrum protocol off chain

When moon

>>17338343
It's basically like iExec except less powerful because it's only smart contacts written in EVM code

Guys. Is this actually a semi intelligent thread?! Keep going... I’m getting close!

>>17337981
>xrp has institutional interest
it doesn't though
they just tell you it does

all they can onboard is shitskins
even when they buy into a company, they still end up using visa, what does that tell you

Just how much does Arbitum scale though? How many TXs per second?

>>17338442
>Thinking people are developing on Tron and ETC

>>17337611
Eyo Jamal

The same way Maker trailblazed DeFi onto Eth, we'll need a project proving this trust model and laying it all out for the leddit normies.

>>17338120
Indeed, the currency aspect of this market is where a lot of people will lose their ass. The tools to improve functionality is where it's at. While normies are out panning for gold, we're selling the picks and shovels

>>17338552
I will share that info shortly let me get it
I’m pretty sure it’s fucking insane tx

Brb anons

>>17338682
It is stunning to hear brainlets talk about “no news”. Just look at the recent developments around JP Morgan and companies associated with the Enterprise Ethereum Alliance. The emergence of DeFi couldn’t coincide any better with post $BTC halvening movements.

>>17338070
We actually don’t need Ethereum to scale
All PoS and sharding will provide is more performance

Take it this way
You need 5 gallons of gas to get to Swift LamboLand Amusment Park from your current location
With the Chainlink gas station you have filled up 100,000 gallons of gas and can journey to LamboLand numerous times over, even though your car is an ancient Ethereum car.

Now wouldn’t it be awesome if your car became futuristic and more secure too?

Yeah, it would.
But that’s not the point.
You can get to LamboLand 20,000x more effectively already. You’re 20,000x passed the efficiency and goal you needed in the first place.

>>17338988
Checked fren

>>17339111
To you as well my friend, checked

>>17337663
10 months more of delusion.
>10 months more of delusion.
10 months more of delusion.
>10 months more of delusion.
10 months more of delusion.
>10 months more of delusion.
10 months more of delusion.
>10 months more of delusion.
10 months more of delusion.
>10 months more of delusion.
10 months more of delusion.
>10 months more of delusion.
10 months more of delusion.
>10 months more of delusion.

You guys are sad.

>>17339374
This, everyone knows chainlink is a $4.50 stable coin
Read the whitewater

>>17339407
>read the wallpaper

Chainlinkers worship the moon and Saturn

This guy made a tweet about it a few days ago. One way to look at it for sure.

if dubs the link + arbitrum cooperation is confirmed useless and gay

>>17340615
Why would you even go through the effort of blocking out the dudes name when we can search the tweet word for word you brainlet.

>>17338382
Ahh yes, Ethereum.

>>17341016
Right, why wouldn't BTC be the ledger-of-record when everything except finality can be done off-chain through arbuitrum and chainlink? PoW is much more secure so why eth at all?

>>17340795

>>17337611
Anybody remember the Geostar / Sean Ironstag conspiracy from a year ago saying that BTC will dump in favour of a new protocol? And this new protocol would also replace ETH? This is starting to line up. It's been a while, but here are some threads in relation to it. I'm wondering if anyone has a copy of the Geostar video as it was removed from Youtube.

>>/biz/thread/12258913
>>/biz/thread/11670327
>>/biz/thread/11765230

>>17340803
On no you just helped a brainlet.
I didn't know that.

>>17341543
this is why ethereum will just become chainlinks (hash) database layer

>>17341783
Meme energy off the scale this week

spook. the. ducks.

>>17340615
How in the FUCK will mETHeads recover

Thanks anons. This is eye opening.

>>17342933
THIRD EYE OPENING***

Whoever has partaken in this thread is now aware of their circumstance....

Chainlink is the greatest technological invention in the blockchain space with this integration with Arbitrum.

CLEAN IT UP LAUREN
YOURE A CH____INK JANNIE INTERN NOW

CLEAN IT UP!

>>17342123
I remember wanting to knock the rest of that hippy slag's teeth out

>>17343222
Checked.

I was gonna but 32 eth this week with a big check, I’m just gonna buy more link. Anons. Thanks again. Nice to see a proper bread with proper info.

>There are manlets that are going to get rich off chainlink

YUCK

>>17342123
Yes I member her and big dogg as two larps that were kinda similar. This arbitrum news is huge, could the larps be real?

>>17339613
What has your god ever done for you, peasant?

>>17342123
i remember how ugly that bitch was!

>>17343186
>Chainlink is the greatest technological invention in the blockchain space with this integration with Arbitrum.

We've been calling it the internet of the blockchains for a while.

Test

>>17338873
How many txns anon

I remember an anon coined the term "chainlink transfer network" for eth.

>>17343253
5'5'' man here.

i have 25k link hahahah

i have a full head of hair too and a big cock. i used to have no trouble fucking girls. being a broke midget

now that im going to be rich its going to be so fucking easy.

how wasy will it be? JESUS CANT WAIT TO FIND OUT

>>17343505
i'm here every fucking day and i've never read that before

>>17337611
>actually doing FA
dude this is /biz/, just buy based on meme quality and GET posts

>>17338902
This. In a broad statement, the fact that most elites are calling crypto rat poison squared, and declaring the death of crypto daily tells me a lot about how revolutionary this sector is going to be.

>>17343640
obviously not every day then

>>17337694
The hyperledger logo has been on the smartcontract.com site since day 1. Of course this shit was meant to move on, which makes me a little nervous about how the token will be dealt with in the future.

>>17338151
That’s false bitch. It gets paid in LINK.

ETH will still be the settlement layer. If anything Ed and Sergey just made Vitalik's job1000x easier by vastly reducing the workload that ETH has to perform.

>>17343222
I'd fuck the shit out of her gawt damn I'd do unspeakable things to her vagina.

>>17342123
except it cant. LINK cannot drain the value of bitcoin because the network will be destroyed by the price increase.

>>17343588
i think its like 500 TPS per node, so it can increase. i might be mixing some things up, but the TPS can scale

>>17343780
Hyperledger is going to fail.

t. Hyperledger dev

>>17343858
That shits too hairy bro
>>17343944
Do go on

How would a chainlink fork off the ETH chain work?

>>17337611
hold on. link can do everything ethereum can do? but better? and with the added functionality of being its own oracle? are you saying an oracle can be its own oracle?

>>17344086
>are you saying an oracle can be its own oracle?
Huh? P.s. Chainlink isn't an oracle, it's an oracle network.
>link can do everything ethereum can do?
No, but it can do offchain computation through arbitrum which would take most of the work away from ethereum.

>>17338120
how can I best explaim all of this to my mom and wife when they insist to know what I invested in and got rich? what is the Chainlink?

>>17344086
>he doesn’t know about metaoracles

This thread is based AF. We are all going to make it 100x over. I love you all.

>>17344162
>what is the Chainlink?
Pirate Bay everything. If they can’t make it that far, they’re too normie to ever get it.

>>17343621
ooo god just the thought of a strong, successful and rich little man makes me so fucking WET

>>17344162
Blockchain is the computer, Chainlink is the internet layer which connects everything.

>>17344162
Don't dumb it down at all. When they give you blank stares, just say apologize and say that you can't dumb it down any more than that.

>>17344086
chainlink doesn't store, it's the ram and processor and eth is the hard drive, eventually it will be an ssd

>>17337611
It's a potential scaling solution, but it doesn't make Ethereum useless. Don't be a retard, although I am as excited as you are. Ethereum as a network is valuable because it enables trustless computation of arbitrary code (to the extent allowed by the EVM). Whereas Bitcoin was just a distributed ledger, Eth is a distributed ledger+distributed computer. The drawback of this is that smart contract calls on-chain can be prohibitively expensive (and cripplingly slow, i.e. the devs told people to stop building on Ethereum).
What Arbitrum does is allow the same Solidity contracts that would be called on-chain to be delegated to a smaller number of nodes (through Chainlink, specifically). In effect, they do the same calculation that would be done on-chain, except they don't consume nearly as much gas because it's off chain.
Doing this reduces security, though, because the nodes could collude to deceive the network. Also, there can be disagreements between the results of the nodes. However, contracts can require Chainlink staking (yes, LINK tokens only) for Arbitrum off chain computations, and disagreements between nodes get settled by performing the computation on-chain and then penalizing incorrect nodes.
In effect, Ethereum can become much faster and cheaper through Chainlink + Arbitrum. This shits on Eth 2.0's beacon chain + relayers + beacon chain contracts + shards + deposit/withdrawal receipts. Eth 2.0 is fucking unnecessarily complex and still doesn't even have theoretical proof of being a secure network.
The Ethereum network will have to stay, though, because the security of the entire operation rests upon the ultimately decentralized state of the Ethereum chain. It's literally the same concept as Eth 2.0 wants to implement but it's done in a less retarded way, and uses LINK staking instead of ETH.

This is one of the best /biz/ threads in a long time.
Thank you, anons.
For weeks this board has been toxic and terrible. Then one autistic asian women goes and livestreams a meet-up, and it breathes new life into the community.

Turns out they were right, it really was the frens we've made along the way.

>>17344377
arbitrum requires 1 (one) honest node to produce correct execution

>>17344397
That's incredibly fucking based. The solution is here, but one thing that stops it from taking over is whether or not developers will actually use it. Chainlink just builds tools, it's time for developers to start using them, and I think that's why Sergey has been encouraging people to build cool shit with Chainlink, because he sees the potential that he's creating that hasn't been utilized, yet.

>>17344416
the sun (moon) is rising fren

>>17344440
Rising like my meat stick

>>17344377
Checked and thanks for explaining.

>>17344452
arbitrum reduces required trust in such a simple way: if the probability of a node being dishonest 0.2 then a single node will fail to correctly compute 1/5 contracts, with 2 nodes the probability of incorrect execution 0.04, with 10 nodes 0.0000001024, with 100 nodes 1.268*10^-70 (practically zero), with arbitrum we have achieved true off chain trustlessness, what's the catch???

>>17338274
Hi hello brainket here, is this related to offchain solutions the company?

>>17344416
yep people need to develop on it. i think thats the case throughout the industry. its not about how many TPS or how decentralized it is or whatever consensus mechanism - what matters is attracting developers - all these help in their own way but in the end its all about the developers and since there are so many projects out there and there are only a finite amount of developers, after all that it will eventually be about users.

>>17344554
The catch is the communist pedophiles that develop Ethereum might not like their life's work being instantly simplified by based capitalistic visionaries like Sergey Nazarov and Edward Felten. The silver lining is that businesses care about one thing more than anything else: their bottom line.

>>17344377
>>17344416
>>17344452
You sound incredibly based fren. I was thinking about dropping 80k on eth. Do you think it's worth it?

>>17342123
Well it didnt happen so fail larp.

>>17341783
i can panic

>>17344052
It's probably the only part of her body where she takes grooming seriously, as is the case with most whores, they can't afford to lose their money making capabilities. I'm pretty sure that "dev" is a fudding nigger.

>>17344677
>WE in id
>dub 7's
the answer is in your post anon..

>>17344677
If you read this thread then you should come to the conclusion that a wide array of geniuses (mathematicians, computer scientists, enterprise businesses with billion dollar research departments, etc.) are all attempting to minimize one of the uses of ETH that gives it value, namely its use as a fee for accessing computations on a distributed computer.
On the other hand, there is an equally intelligent community working on Eth 2.0, giving ETH a new, valuable use as collateral for staking, that will be foundational to the next iteration of ETH, since it is proof of stake. I kinda see this happening as an inevitability because of the push against proof of work (because of energy conservation concerns).
Also, you really have no idea of knowing if I'm actually spoonfeeding right now, or if I'm just shilling my tokens and ideas to dump on /biz/ plebs. Or maybe I'm just talking out of my ass to pass the time, because I get a kick out of giving false hope to ragie wagies as I post from my NEET fortress. Either way, you shouldn't make investment decisions based on what some retard on 4chan tells you is right, unless that retard tells you to buy as much Chainlink as you possibly can, and never fucking sell, ever.

>>17337611
You guys have got to start looking at how much circulation is released. There’s only something like 18 million btc. That’s it. I think link is supposed to have like a billion and fucking xrp has over 43 billion. That’s what’s holding this shit back. Just fucking saturation. Going to be a very very long time before these are worth enough to retire.

>>17344842
kekw, xrp niggers comparing thier shitcoin to our heaven sent blessing
and xrp has 1trillion tokens

>>17344838
>(because of energy conservation concerns).
No use being concerned over spilt milk
>you shouldn't make investment decisions based on what some retard on 4chan tells you is right, unless that retard tells you to buy as much Chainlink as you possibly can, and never fucking sell, ever.
Based

So... this does have something to do with offchain......?

>>17344915
https://offchainlabs.com/arbitrum.pdf

>>17344838
Thank u fren. I too loaded up on link at 40c. T. 100K stacker

The 80k is actually my mom's stock portfolio after investing 20k into vangaurd 15 years ago. She was asking me what to do with it because she only lives off 1.3k a month from social security right now. I figured the extra staking income would help her situation.

>>17344768
Maybe the timeline moved?
>>17344806
Nah I've seen photos of her in a bikini with full bush and underarm hair. Hippy chicks are fucking gross.

>>17344960
To clarify, I'm not an asshole son who is unwilling to help her financial situation. I've asked her but she said no. She is just a frugal person and doesn't guilt trip me to give her money and shit.

>>17343640

whoops

Well I say it here every so often. Got it from another guy here to help better explain what Chainlink is about.

How can it be possible they only need one truthful validator?

>>17344806
Look at this shit

>>17344086
What OP is pointing out is that the dependency has been firmly established, Ethereum needs Chainlink and Arbitrum to survive. Even worse, the major planned feature of scaling of Eth 2.0 was pretty much handled by Arbitrum. Arbitrum has integrated Chainlink tech into its project and works with foreign ETH forks. This means that Arbitrum and Chainlink are blockchain agnostic in a sense. So ETH isn't needed. HOWEVER, Ethereum has the biggest development community so it has a future, it's just that it won't be the main focus of the industry as Chainlink stole its thunder and spotlight.

>>17344612
>t. Steve Ballmer

>>17337611
Moneybelly is by the far the funniest thing /biz/ has created.

>>17345098
Too bad only tech literate individuals give a fuck. How can we get mad/fast money to shill LINK as the next revolution or some shit

>>17345148
Speak for yourself. Also if you aren't at least getting an LLC registered and convincing your techbro pals to build with you, you're not taking a piece of the 4ir and I'm sorry

>>17345067
it has to do with the assertion/challenge scheme, at the end of contract execution 2 (or more) nodes assert a hash of the final state, if they have the same hash then they are in consensus and post the result on chain (via chainlink!), if they assert different hashes then one of them challenges the other and begins an arbitration, they cut the underlying contract code in half, producing two hashes (one for the contract state at the end of each code chunk), the challenger challenges one of those halves, this halving/hashing (and the challenger challenging one of the resulting halves) process continues until the code can't be cut in half anymore because it has been reduced to a single step, arbitrum computes a one step proof (look it up) of this final step and it either agrees with the asserter or the challenger, the loser of the arbitration loses half their stake to the winner and the other half is burnt, this process will always produce a correct result if there is at least one honest node to challenege the dishonest asserters, or if a dishonest challenger appears, the honest asserter will prevail, all of this hinges on the validity of a one step proof

>>17345170
I should do this... But I'm not a smart contract developer... or rather, I have no ideas I'd be passionate about to learn to build.

>>17345170
>tfw no techbro pals
>tfw nobody you told about chainlink listened to you
>tfw uncreative and don't know how to code

>>17345238
This is me except I can code but wut?

>>17345220
Fascinating, thanks.
Do you happen to have a link to more information on this one step proof? Is it on arbitrum website?

How do I buy chain link? What is the best website to buy chain link on?

>>17337611
>Solidity contracts can be executed by Chainlink through Arbitrum
>Making Ethereum useless
What in the fucking brainlet did I just read? Holy shit how dumb is this board?

>>17340615
>dumbfuck tech illiterate posting dumb shit
>censoring the name like we can't search text

Linkies confirmed for the dumbest bastards in crypto.

>>17345266
https://par.nsf.gov/servlets/purl/10069458
page 9

There are lots of great ideas throughout history that have failed due to poor leadership and the vision not being seen by the masses. Thats what Chainlink is feeling like. The time to strike the normies is now, what are we waiting for. Oh I forgot, none of this makes very obvious sense to a laymen at all

>>17345266
i mistyped slightly, the asserter produces a valid (or fails to produce) a valid one step proof, if they can provide one then they win, if not then they lose

>>17345170
Can you elaborate on why someone would want to create an LLC if they hold LINK? Also am I fucked if I have no tech skills?

>>17345286
Exactly what I was saying above.

>>17345300
Haha idiot. He meant become a developer of smart contracts that would use link. So dumb man

>>17345283
>>17345295
Thank you, homie.
Linkanons are the best anons, i appreciate you.

>>17345269
Coinbase.com
Crypto.com iOS or Android app

If you're feeling really raunchy, you could buy ETH from either of those, send them to a DEX like uniswap.io and trade for Link there. Or you could trade on Binance for Link.

>>17345286
>>17345311
There's plenty of great ideas that go unnoticed by the masses until it's too late to ride the profit train. At least you know one thing, you aren't going to miss this train, whether it derails or makes it is another thing.

>>17343804
It will be for certain on-chain transaction and a dispute resolution layer. I think as more digital currencies tokenize on ethereum then settlement on ethereum will become more popular

>>17344377
Ethereum is essential to the security of Arbitrum as a fallback mechanism. Chainlink will soak up most of the value and computation and most of the times won't need arbitration on ethereum, but ethereum is still an essential security layer in case of disputes. Ethereum will also likely be important for on-chain settlement as more digital currencies tokenize on Ethereum

>>17345401
Kind of my definition of HODL. At least I will be able to say I tried.
>Wasnt old enough for dotcom

>>17345231
>I have no ideas I'd be passionate about to learn to build.
The hardest part might be figuring out what to build because the platform offers so much flexibility. There is a lot of low hanging fruit anon.

>Chainlink is near ATH
>good link threads are back
>biz is back
It's been a long time since 2017. Feels good frens.

>>17345504
It' almost as if /biz/ post quality is somehow pegged to LINK market price.
Imagine the threads once we reack 1k fren.

>>17345652
It’s noticeably more chill when link pumps, but a slight dump in price and I usually avoid the place for a while.

>>17344285

>Blockchain is the computer, Chainlink is the internet layer which connects everything.

Id like to add, Chainlink is also the software layer.

Much like how software leached value from hardware we could see the same play out with Chainlink and Ethereum.

>>17337611
this guy gets it...not many people see how huge this is

>>17344247

>>17343253
>tfw 5'7"

I'm not afraid anymore

my linky stays super stinky, 1k eoy is fucking fud.

>>17345910
>islam ID

>>17345768
Browsing during those times has improved my life.

>>17344377
The only reply you need to read in this post and its digits are 377. The prophecy is real.

>>17345286
dumbest post ITT, normies don't need to know

>>17343621
Is this you, Anon?

Why do we need ETHs POS anyway?

>>17342123
obviously chainlink will take over the whole blockchain space, thats why many of the linkers think that it'll flip BTC

>>17344377
I gained 5 IQ points just from reading this post

>>17344377
>The Ethereum network will have to stay
But what if now Vitalik rage quit and pull the plug, what will happen?

>yo bro let's make a for profit company like LN and scale ethereum via centralized mechanisms, devs will surely love it
>totally brah let's partner with chanlonk their shit is centralized already they'll gobble it up like the tech illiterate faggots that they are

>>17347025
bro the pioneers of this space that actually cared about real decentralization all either made it and are sipping mai tais on a beach somewhere or jumped ship when ETH forked back in 2016, i know because i was there to see it all from the very beginning, now people only care about functionality and making money.

>>17343490
shes got a great body but a face of a pitbull desu

>>17337611
ngl I tried to find the Arbitrum token for 5 minutes before I realized. At least I have 10k stinkies so I don't have to be smart