/biz/ - Business & Finance

coinbase listing

Logo re-design. We pumpin’ 100X lads.

>>17352265
steaking?

>>17352279
im dumber now
>>17352295
nope
>>17352306
Not yet, probably near EOY

>>17352265
https://youtu.be/JhZUItnyQ0k?t=2652

>>17352265
Give us a clue pleeeeease

Vaporware, not buying your bags OP

>>17352393
Since this anon posted something useful I'll just say it
>>17352343

>>17352400
shoo shoo

Right now the only working product CL has is on chain aggregated price reference oracles. These are gas intensive enough to make CL the third biggest user of gas on ETH. It also limits the scope of what has economic viability. But what if everything but the final print could be done in an off chain environment with the same security guarantees as ETH?
And if you were CL, would you want the first use of your shiny new scaling layer to be complex smart contracts code that could be written poorly or stress your system? Or do you want it to be contracts you know, you wrote, that are simple and that have real world utility now?

Remember that Chainlink's goal is to be the smartcontract.com network that EVERY major tech, financial and business entity uses through user-friendly portals and without the end users needing to know how to write solidity, buy link tokens or do anything else blockchain related.
That's what Oracle/MSFT/Google are waiting to shill their customers.

So what do you really need for that...

how do I buy this coin arbitrum

>>17352504
Cypherium

Some form of code library?

>>17352504
Why not just tell us, retard?

>>17352504
We all need peace!

>>17352504
Please elaorate I’m retarded but I’ve been holding 15k stinks since 2018 and reading all you smart autists threads. I don’t really know what you’re saying but I can tell it is right. Pls tell

Uhhh what are mixicles?

>>17352771
Sounds like booger chewing gums in my language

>>17352551
Buy link
>>17352555
No
>>17352600
Or a stack
>>17352617
I am
>>17352634
And love
>>17352689
Don't trust any of this blindly. Verify it all

In order to have the full offering you need:
1. A high throughput execution layer for your smart contract code
2. A highly decentralized and trusted dispute resolution layer and finality layer
3. Value inputs in currently available payment formats to fund the use of this network
4. A base data set that is needed to make value transitions between the above systems (eg ETH/USD)
5. The ability to write smart contract code using plain language in modular code that has been vetted and is trusted
6. Legally binding ability for individuals and enterprises to agree to smart contracts that is consistent with non-electronic agreements
7. User-facing software to make all of the above point and click from existing vendors with business support relationships
8. Liquidity at every value transition provided in a manner that can itself be chain-validated so that intermediary value transitions can be coded on the back end but never seen on the front end; these liquidity layers need the same uptime guarantees as the execution and oracle layers
9. The ability to integrate new inputs in terms of payments, contract triggers and data sources without direct intervention from the team as the network grows

Now let's go through how the combination of arbitrum+chainlink allows for all of these and in what order

>>17352838
>Buy link
I already have over 100k link bro

Should I get Eth now?

>>17352838
>>17352504
Ari good luck with your talk at Stanford today. I'll be watching

>>17352838
>2. A highly decentralized and trusted dispute resolution layer and finality layer
Buy PNK?

>>17352838
Nigger no one cares about all that shit, we only care about price movement.

here's a higher level overview on how steaking works from mr offchain labs.
https://youtu.be/JhZUItnyQ0k?t=3523

>>17352838
1. is obvious- the biggest hurdle was previously that the vast majority of development was done on EVM systems and ETH wasn't scaling. Now it doesn't matter to CL if ETH scales and it very much matters to ETH as they are effectively fighting for their own value case, and if the vast majority of traffic is done by arbitrum nodes, ETH is probably overpriced now
2. This will likely always be a gen 1 POW layer; so long as ETH plays nice it will be ETH, but don't forget what we all thought when Ekiden got published. ETH knows about that too, and given what CL has acomplished so far they would be able to port to their own fully controlled base layer if they needed to. Nobody seemed to get the "welcome to the chainlink transfer network" meme posts, but they will soon
3. This has been chainlink's world from the beginning. Legacy users with large volume requirements aren't going to be buying ETH and LINK directly, but they will send bank payments. CL will do everything else automatically in the background
4. CL is already the industry leader here- with arbitrum they can drastically reduce their gas burn in these aggreegations and allow the per post link payment to approach market rates. Once that happens expect these price aggregations to get even more decentralized, faster and cheaper. That in turn will cause nearly every pair to have an aggregation as they become financially viable. This is the perfect first use case for arbitrum, expect it to be the launch use case when the node code updates
5. Everyone here knows how this works and why CL has been courting legal groups to make plain language-code conversions legally viable from the start
...

>>17352972
>plain language-code conversions
Lmao this is literally not possible.
You're a retard, confirmed.

I lost everything in the stock market today

>>17353008
This has already been done for other shit. What r u talking about

>>17353008
fuck off pajeet

>>17352908
>Should I get Eth now?
He's saying eth isn't as necessary to these smart contracts as everyone thought before arbitrum and you ask if you should buy more eth? Lol.

>>17353019
Wrong. If you knew anything about computer science you'd know that this is literally not possible.

>>17352771
Wheen you tie your ball sack together with another man. How's that related though?

>Was going to buy LINK at its cheapest, around 50 bucks worth.
>Get denied my wallet for some reason
So if I would have started investing in coin I would have probably kept putting money into LINK, thus my returns even now would have been incredibly high.
Hold me.

>>17352908
ETH is effectively a hedge to Link now
Buy ETH if you want to hedge
>>17352910
Not Ari, NFCDL
>>17352937
PNK is a bad way to sort of short link
I would not buy PNK
>>17352940
You're a special flower
>>17352972
6. Gonser has been in from early on for a reason. Ironically this could have been one of the biggest value capture layers in all of this...it would not surprise me if CL put docusign in the same position they have ETH: either play nice with us in the sandbox or we'll fund the smartest people in the room to make an in house equivalent which has the highest volume use cases cornered by default
7. This is where you'll start seeing AWS, Google, Oracle etc.etc. joining the party. Once the back end pieces are ALL in place and they can have carol in accounting log into the same account she's used to and use this shit. And now we know when that might be...
8. Remember how everyone thought it was nuts to use centralized exchanges to trade decentralized assets? But the centralized exchanges won because the per-transaction costs were too high. What happens when one iteration of the smart contracts on which etherdelta/idex etc start costing less than a tenth of a cent? A millionth of a cent? What kind of trust assurances do you need in order to trust a decentralized exchange? Would the same level of trust as ETH mainnet work? Expect to see DDexes with meta-oracle (do you understand why they made this now) price checks to prevent massive slippage as the second use of L2 networks using CL nodes. Remember when they ported to golang? Make sense now?
9. Note that all of the above can be done without a truly decentralized network and without staking. Once demand is so great that they can't keep up with onboarding new inputs and outputs the network will truly decentralize, expect staking before this as the signal that the transition is coming.

>>17353067
Got a CompSci degree lol

Reminder that the most optimistic timeline for enterprise use is 3 years out from here, and realistically probably 5 years. Best case scenario is that DEFI actually starts cutting into tradfi but that's basically a pipe dream at this point.

>>17352972
You don't understand how Chainlink or arbitum works if you think it's useful for fetching and aggregating data. The main use case is computation intensive off chain code, which the aggregator is not.

>>17353150
Breadcrumbs say this September it begins with some

>plain language-code conversions
Just fucking lmao, the absolute state of this retarded OP.

So $10k Link is really FUD

>>17353135
I unironically believe, Link has more competent team and they could cuck eth itself if they fork it and do their own development.They don't need to however. Every cuckchain will cater to link and only the best will succeed, that might as well be an other team than ETH.

>>17352972

Big thanks for posting gold nuggets in the current mountains of biz doo doo. Keep posting.

Are we really still 5-10 years out before the big boys adopt?

Price prediction EOY? 2021?

>>17353135
this is why is still come here
bless you fren
you give me much hopium and wish you much success and happiness in life

>>17353255
>>17353266
Lmao you retards are being LARP'ed.
If you unironically believe that "plain language-smart contract code" conversions are feasible with our current level of technology, then just necc yourselves already.

>>17353315
I bet you're sure you've never talked to a bot online

>>17353008
Please leave newfag. Go google accord, openlaw

>>17352504
TSS > SGX > Arbitrum

>>17353426
clause too, but there's 0 proof that these aren't pie in the sky vaporware

>>17353233
you're wrong, this is coming and sooner than you think

>>17353407
kekk at this comparison. some of your ducks seem mis aligned anon

>>17353315
Could you just stfu now and neck yourself somewhere without flooding this board with your shit, you inhuman scum? Go fuck yourself and die somewhere Ranjeet, no one in your life needs you!

>>17353137
Well then that’s even more embarrassing.

>>17353478
I was thinking the same for you talking out of your ass ahhahahah

>>17353315
I was talking about something different retard. But since you're seething so hard. Anon is actually correct about it. You could easily use smart contract templates made by some Autist employed by central bank. Or smart contract frameworks. No need to run the entire computation on cat game network.

>>17352504
>>17352838
>>17352972
>>17353135

>>17353511
The guy is an idiot

OK retards, let the smart anon talk and don't respond to Pajeets who are panic posting and trying to derail the thread.

>>17353496
There are already projects putting templates out there for people to easily create smart contracts using basic English language.... we have known about these for at least 6 months. Hence why multiple oldfag linkmarines ITT agree on this without needing proofs. Accord, openlaw, clause. Dyor. Or someone spoonfeed him. I’m out

>>17353583
This is what I’m talking about. So it is possible. No shit. Been saying it since top of thread.

>>17352329
>>17352504
>>17352838
>>17352972
>>17353135
Great info. Going to screenshot this shit and post it in Twitter.

>>17353150
If you're talking full market penetration maybe
If you're talking the first green shoots, you're likely wrong
Do you think the team would arrange a conference surrounding smart contracts without use cases? If so, why have they waited until may to jump the gun?

>>17353182
Link?

>>17353233
Of all the things I said this is one of the worst to try desperately to fud

>>17353241
Assblaster was fun but one thing I really disagree with is this notion of a single tipping point where a speculative rush takes place. Before the crash that may have been possible but now there are places in defi where assets are priced far below their ability to generate passive income. I'd guess that will continue to be true for the next year at least.
>>17353255
It is sad that ETH might become a relic of what it once was. That said you do have to deliver and endless discussion without deliverable endpoints does open the door to competition

>>17353266
No idea, since this is crypto we could be in double digits tomorrow or below $1. I honestly don't care; one day I'll wake up and my link stack will be enough for me and generations of my family to never work or be in debt

>>17353311
Thanks you too

>>17353315
See above

>>17353426
They know they're just poorly raised children desperate for attention

Thanks for posting, whoever you are fren

When do you think metcalfes law to kick off? I’ve seen sergey mention a dozen or so as the number at which it becomes self funding but this is the crucial inflection point for tokenomics I want to dive into

>>17353671
based stolen valor twitter fag

>>17352265
ETH is still needed for every single arbitration contest, how often those will happen is another question

>>17353732
So here is what I was reading, thought it might indicate some additional activity. I was skimming this last night and saw the dates. IDK if its going to make a difference.

https://imgur.com/a/HS9hIfr

Where can I buy arbitrum tokens??

>>17353315
Uh DAML, OpenLaw, Google AutoML, they're all working on this, you failed abortion.

>>17353998
meatspin.com

>>17353998
there isn't one, and this partnership with chainlink just implies they'll use LINK LOL

>>17353732
is 5000 chainlink utility tokens enough to make it? Wen?

Chainlink + Arbitrum + Ethereum, is a proposed bandaid solution and thats ok for now, because its vastly better than CL + ETH.
Ethereum itself is a scam because the only thing its good for is creating tokens, as Sergey repeated for years now (why do you guys think he always brings that up again and again, to rub it into Moneyskellys face that he will make his whole project absolete). The token creation functionality of ETH will one day be realized on the bid daddy bitcoin blockchain, in form of a side chain that securely merges to the BTC blockchain or there will be made basic additional logic functions to the BTC protocol for on chain issuance, something like this

>>17352551
You can't. It's privately funded.

>>17354154
Kek. Found the Bitcoin boomer.

>>17353434
Can you elaborate? By what criteria?
>>17353441
Crumbs?
>>17353519
Agreed
>>17353671
Most of twitter's stuff is still cleaned up biz
>>17353774
I'd guess once the full stack is in place; in other words once the limiting factor is the rate of creation of use cases and not the implementation of a specific part of the network that allows for x or y class of use cases

>>17353783
its 4chan this is the norm
>>17353786
This is a really interesting concept-
in the real world how many value transfer instances require some form of arbitration? In a smart contracts economy would you expect this proportion to be higher or lower?

>>17353998
Coinbase kraken and binance under ticker LINK
>>17354037
The fact that the number of dogs fighting for a piece of this bone only keeps growing is one of the things I consider most bullish
>>17354127
See above. No idea.
Most honest answer is whenever Sergey wants it to be. If he actually just told the world what the plan for the next two years was we'd all be rich.
But he's a guy of integrity playing the long game
So we wait

>>17353917
Thanks for sharing this anon, hopefully this means what you think it does

>>17354110
don't think they even had an ico. Team is building just for the tech and brain power flex.

When does mainet expected? testnet went live just in Dec 2019 no?

>>17354293
You're doing God's work Anon. Bless you

hope ill be as based as you one day, thanks dad

I'm all in link but you're a completely deluded hopiumtard. It's not the way it goes in the real world.

>>17354549
days like this with dopamine running low... doesn't hurt to inhale once in a while.

If any of the stuff in this thread is true...

Why are we dumping?

>>17354621
Do you know how markets work retard?

Not everyone blows all their money on speculation. Actually very very few people do that and they’re usually poor idiots...

>>17354154
>Chainlink + Arbitrum + Ethereum, is a proposed bandaid solution and thats ok for now

> integrate EVM into Chainlink nodes to essentially create mini Ethereum computers to do the computations and validate the results before posting the main results on the main network to broadcast to all the other nodes
> Bandaid solution

negro this is a really bloody elegant solution. Just how is this bandaid tier worthy?

>>17354293
>>17354239
Thanks friend, best thread I’ve seen in a while. Been in hibernation and havent dug into any of this for a long time.

It’s getting interesting again

No wonder why money skelly hates CL.

>>17354621
>If any of this is true, why don’t we go up forever without a day in the red?!11!!11!!!

thanks for the high-IQ discussion OP

Gotta keep the scam going OP, amirite? None of this is happening behind the scenes, you’re larping. Sergey never had anything, he made an illegal ICO for a concept that was as impossible as any other cypherpunk project

>>17355720
Sure you could be right. But Arbitrum team didn't even have an ico. They're in it for the tech. If you don't have some good stuff under the hood, pretty hard to fool the likes of Ari and Ed Felton.

Link

>>17352972
What is NFCDL?

>>17356826
Oops meant this one >>17353135

Side note the more I see if Ari, the more I tend to think he’s been around here. Seems unlikely, until he starts talking.

>>17352972
>but don't forget what we all thought when Ekiden got published
I've been wondering what the latest is with ekiden, there have been no public updates. A huge amount of investment went into it and it's all been very hush.
>>17355258
>No wonder why money skelly hates CL.
Vitalik once believed that Satoshi had the same ideals as him. Finding out SN's true identity and long term goals has obviously made him upset, and rather childish. He won't give up without a fight. Belly > Skelly

>>17356989
While googling it all I found was numerology shirt. My guess is Ari or 42 or 42's cult members.

>>17352265
I can't believe this dude is a Princeton professor and former white house officer and SIRGAY GOT A DIRECT LINE TO HIM.

I am all in CL now.

>>17358091
You know the best part? Guys like this are lining up to work with Sergey.

>>17354954
Because eth is garbage.

>>17352838
You need PNK and FTM operating at full pace

>>17352265
coinbase listing?

>>17352265
OP’s full of hot air. It’s going back to $3.50

>>17352265
>>17359538
Also, anytime an anon (on any 4chan board) starts asking you to “fill in blanks” or treats obscure information as if it’s obvious, they’re probably taking you for a ride. I’ve been on this site since 2008.

>>17352279
based and memorylosspilled

>>17359594
And we all know what happened to your bottom last time you got taken for a ride.

God speed OP good work. When are you starting your linkie sells? $50?? I’m planning on never selling about 1/3 of my stack and slowly trimming the other 2/3 as it climbs up

>>17353115
Deserves an oof, but to be fair if you got in someone else may not have been able to.

>>17353732
>I honestly don't care; one day I'll wake up and my link stack will be enough for me and generations of my family to never work or be in debt
how are you this confident? even if swift announced they are integrating link, the whales can send it right back to $1 if they wanted to.

>>17352265
BUMP

>>17359910
Kek

>>17353016
Sorry to hear that

>>17353548
SmartAnon has spoken

>pnk is a short to link


At that moment larp confirmed

>>17352279
kek

>>17353732
If you're talking full market penetration maybe
If you're talking the first green shoots, you're likely wrong
Do you think the team would arrange a conference surrounding smart contracts without use cases? If so, why have they waited until may to jump the gun?
Smart money drives value up well before in-market performance is evident

>>17353732
>Of all the things I said this is one of the worst to try desperately to fud
agree. so small.

>>17354995
first thread replied to in a year

>>17352551
the link token is the arbitrum token

>>17352265

1. More 700k dumps, possibly 7m dumps if it moons substantially between now and EOY. I welcome this because it will ensure the stability and increasing decentralization of the network.

2. >>17352504

What he said, a series of "portals" of dapps and phone apps that offer ease of construction of smart contracts with customizable scaling of oracle security and privacy for a multitude of industries.

>>17354621
New to Link huh?