/biz/ - Business & Finance

>>17578695
> what is a decentralized oracle network and why is this important for this project
> can this network run without collateral and trust? Why not just use a centralized oracle?

Look man I think you’re a smooth brain and won’t explain shit to you

But go dig the answer to those questions up and maybe we will see you on the yacht

Otherwise doesn’t matter if you own 100k link - you don’t understand the value of what you have, will capitulate early, and a 100 stack linker will eventually have what you’ve made.

>>17578695
you held through the sibos toilet fud and an integration with two of the largest companies in the world has you shaking? fucking sell already you loser

>>17578695
Bitcoin QR Code Maker Tool and API:
https://www.bitcoinqrcodemaker.com

>>17578695
There isn't a single person here that cares about you your pussy bitching after you outed yourself as a retard in the first sentence

>>17578748
That fud was retarded and baseless. I'm not even trying to fud, i just want to know the implications of this announcement. This current situation is a lot more technical then the sibos toilet fud.

>>17578695
Ah man it must suck to be low iq and not understand basic reading

Are you a drive through worker

>>17578695
Gravelcoin, 700,000 and now you're feeling shaky?

>>17578803
>Are you a drive through worker
yes actually

>>17578783
Baseline has its own github and protocol development team that doesn't use coins or tokens - which companies are deciding to go with.

That is alarming because that means "oracle tokens" may not be needed or never had been needed on any type of platform.

>>17578881
but then what is the incentive of running a node for a decentralized oracle? This is why i'm so fucking shaky today man

>>17578849
Lol fuck man
I was there a few years back
Your brain is very malleable.

Study a field like web development and change your life. I swear I did it, and it feels like my brain can bench press 350lbs compared to before at 50lbs...

Sorry for being a dick (not really)

Go to teamtreehouse and start the front end web development track, then full stack JavaScript.

Thank me in one year when you have hustled your ass off and are making 65k starting

>>17578906
Just kidding faggot I'm a senior in school for Comp Sci. I fully understand how the chainlink network works, and if you think this announcement today isn't' at least worth some concern, then idk what to tell you. Btw web dev is literally the pajeet fucking street-shitter tier of developers.

>>17578901
No retard, Chainlink will at most have an adapter to connect to the baseline protocol. The network that is Chainlink is still CHAINLINK and resides in their own git repo.

You realize oracle node operators are needed for this to work? You realize nobody is going to guarantee your fucking multi million dollar automations triggered by data if they aren’t being paid? Or have collateral at stake for fucking you?

>>17578901
The way I see it, EY will sell their tech as just like a tool for companies to use.

For example: What is the incentive to pay for electricity to run computers in a company?

It is the advantage / tool necessary to run the company

No extra incentive really required, so they just have to pay the outright fee , possible license fee to EY

>>17578735
>> can this network run without collateral and trust? Why not just use a centralized oracle?
Yes, link is currently operating with 21 kyc centralized nodes

>>17578942
No they are only consulting Chainlink, Baseline protocol stands on it its own.

Look at the repo and roadmap

https://github.com/EYBlockchain

>>17578954
> still pushing this FUD
Ngmi bro. Not everyone does

>>17579000
Wrong repo

>>17579003
>Yes, link is currently operating with 21 kyc centralized nodes
Then please tell me which part of this statement is wrong?

>>17579026
Its the correct repo.

Linked on the site and in the Forbes article:
https://www.forbes.com/sites/biserdimitrov/2020/03/04/microsoft-ey-and-consensys-to-make-the-public-ethereum-blockchain-safe-for-enterprises/#10775e8c15c9

>>17579182
So what are your actions going to be with this information anon

>>17579200
Checked. CL is getting great exposure and the team doing great work. But it's all getting a bit confusing how the token gets into play.

>>17579416
That's exactly what I'm thinking. We could definitely use some clarification.

>>17579200
>>17579416

Pray CL gets picked up by other companies, maybe some "format war" happens and CL platform / token will win out over Baseline.

>>17578783
They are building out the first economically secured blockchain middleware solution for the biggest publicly traded software companies in the world, what the fuck is so hard to understand about that?

>>17578938
Based and small-world pilled

Nice fud

>>17579028
https://docs.chain.link/docs/running-a-chainlink-node

https://docs.chain.link/docs/faq
> You can set up a node to run on a test network or the Ethereum mainnet right now. The node will not be able to participate in fulfilling service agreement requests yet, but will in the near future. However, it can be used to fulfill requests sent to your oracle contract address and you can add external adapters to it for extending its functionality.

Not wrong, but very misleading anon.

>>17579503
That's great for the tech, but what does that do for the token hodler?

>>17578695
how do you think those corporations will access the blockchains

fucking kek

>>17579503
They can build the pyramids, but if it doesn't use the LINK token, then my bags are worthless. Do you understand that anon?

>i've been holding since 1994 and this is the first time i've been tempted to sell
then sell you hopeless faggot, we don't need you.

>>17579549
If you follow all of Sergery's speech and fire chats then you know he's already changed the direction the project is heading a few times already. What was in the white paper is a vision. At this point whether token is needed or not is unclear. The limited defi market using CL right now operates just fine with (less) centralized KYC nodes. The system works. The connection works. The idea works. But no collateral, no staking (yet) so so far token not needed.

>>17579580
When your mom opens her legs.

>>17579754
Yea, it works, that's why centralized oracles were at the heart of that recent defi hack?

>>17578695
Hi OP. The fact of the matter is pretty much nobody on this board understands what chainlink does or how it will be used. They'll just spout the buzz words they heard from other anons like oracle node and smart contracts and pretend they know what they're talking about. In reality they're are all bunch of desperate 12 year old's and some adults that dream of getting rich. They place their faith in a particular coin the same way religious people place their faith in jesus. If you notice not a single person ever provides an answer to a legitimate question in these threads.

>>17578695
The spoonfeeding continues:
https://twitter.com/dltpandu/status/1235296192831119360?s=21

>>17579835
I can answer questions for you anon.

>>17579805
please xplain how today's news affect CL token (not the company) either positively or negatively.

how is this claim any different from the claim that the token is not needed because it runs on the eth blockchain?
>>17579754
centralization is a buzzword, the end goal is a network with distributed ownership. a token is a stake in the network at large

>>17579899
Doesn't affect the token at all, there is still a need for a stake-based method to get off-chain data from multiple sources. Whether it's to Eth, or the next DLT/Smart Contract product that. What in today's news has you confused?

>>17578695
>Been holding strong for almost 3 years now. Haven't sold a single fucking link. However, today is the first time my hands are feeling a bit shaky. If Chainlink is going to help build Baseline Protocol, where the fuck does the LINK token actually fall into play? The company itself, Chainlink, may be doing great things, but what the fuck does that have to do with link? Maybe I'm just a brainlet. Help me out bros, what the hell is going on and what does the announcement today mean?

>"We'll be building enterprise oracle solutions to make Ethereum mainnet compatible for enterprise usage."

>>17578695
Nice bait, well done.

>>17579899
>please spoonfeed me because i just want other people to tell me everything i need to know and i'm too stupid and lazy to read anything myself
fuck off back to plebbit and buy vechain

>>17578695
Holy shit what a fucking brainlet. Building oracle solutions for enterprises = creating demand for Chainlink oracle networks = creating a higher demand for LINK

>>17579979
nig i've been reading this shit for 3 years now. We're looking for some insight, and maybe some even smarter anons can come around and help us out. If you think this anon is a retarded spoon fed brainlet, then you're an absolute fucking retard. The man is bringing up genuine talking points and asking legit questions, and you're over here acting like he's trying to steal all your fucking linkies.

>>17578695

Protip: you’re a brainlet and chainlink is another ICO scam KYS

>>17579945
I cannot buy a share of the smartcontract.com company. The company's rise to fame, enterprise adaptation is all great, but I can only buy, hodl and someday sell link the token. OP's question was how the token play into the scenario?

I'm in it for the $. Y'all may be in it for the tech. If the tech flourishes but the token price doesn't, would you be OK with that?

>>17579945
It's all just bait dude. These constant "i'm thinking of selling after 3 years" threads, nulink, kleros shills, OGN shills. They're all the same morons who got liquidated or swung poorly or never bought in to begin with and now they are losing their minds that we were and continue to be right. It's crab in a bucket shit. They KNOW they have been left behind and they want to drag others with them. Pure resentment and malice.

>>17578695
I sold my LINK. DO NOT be delusional. Nothing goes up forever. There will be a healthy correction.

>>17580005
He literally asked how today's news affects LINK. And you think that's a "genuine question" and not just a spoonfeeding request? You can fuck off too.

>>17579979
fuck off. i've been ballz deep since before alpha node was even deployed. Sergey is doing great work, and the tech get great exposure, but that doesn't mean token will be used in news like today's announcement.

>>17580068
post sell order pls sir

>>17580044
jobs priced in LINK
node operators paid in LINK
more demand
more jobs
more LINK
staking when it happens limits supply
limited supply plus demand means price go up
the announcement, beyond reputational, will drive more demand if the oracle network is part of the baseline protocol

So far in this thread no one has explained how the Link token is related to todays news.

>>17580052
I guarantee my stack is larger than yours.

>>17580044
This. This is what I'm concerned about.

>>17580084
>>17580125

Nice bait. Come back when you actually have a question that doesn't involve the dollar value of Link.

>>17580178

Do they use the Link token in the microsoft/consensys project yes or no ?

>>17578695
> chainlink token is used in the chainlink network as a trust magnifier
> token is the currency in the network
> predictions are rewarded with tokens
> the more chainlink a node owns the more valuable is its information since a better prediction gets higher token rewards
> of course you could let chainlink build own trust networks for baseline with another token
> however no one would run a node since it's not profitable
> so oracle networks will run on chainlink
does that answer your questions?

>>17580125
all you Timo homo's altered ego.... answer the fcking question. How does the link token relate to today's news? Don't tell me it's bullish for the company, and great for the industry.

>>17580206
They use the Link token in the Link network. The press release I read today didn't go into any more detail about integration, mainly because it was a press release.

>>17580283
This is all stuff I've known. I want to know how today's announcement relates to LINK token itself. If the token isn't being used by the project they announced, then what the fuck are we doing here

>>17580289
>>17580206
>>17580135

Nice coordinated shill effort btw. I'm high and enjoy arguing with people on 4 chan. Any more questions?

>>17580333
Dude I can't even coordinate how to cook nuggets properly in an already preheated oven.

>>17578901
Wolpert knows more than we do and he specifically hyped it. I wouldn't worry

>>17580298
So link is in a consulting role, but we don't know jack shit about the token's role in the protocol

>>17578695
are all of you guys retarded? Sergey said himself that the tokens have very little to do with his vision of building a decentralized oracle network.
the token's primary purpose was to raise funding to attempt to build this to change the way a lot of industries work for the better. whether or not link will be used in the end doesn't matter to Sergey and he's basically said this by saying that link token prices don't have anything to do with the network.
he has a brilliant vision which you guys helped fund, and if it works out, that's great for all the industries that this would help.
in short, trade the token like any other crypto and take your profits or suffer some losses. chainlink doesn't care what the price of the token is and are devoted to solving the oracle problem first and foremost, whether it be with the chainlink network or by helping build baseline protocol.

>>17580369
This is the kind of hopium I'm looking for.
>>17580412
This is not.

>>17580379
We don't even know that anon! All we know is ChainLink was mentioned in the a press release.

>>17580350
Didn't you say above you are a comp sci major? What are you studying?

>>17580412
god fucking damnit. i pray to god this shit can go to at least $50.

>>17580498
yes anon but i have a gf who cooks everything, idk how to do any of that shit

>>17580538
I don't believe you. About the GF or studying CS.

>>17580558
thats ok

>>17580412
Sauce on this shit?

>>17580412
Source or FUD

>>17578695
You’re feeling the same way I did. Staking is a few years away and the “network” is and will be just a group of about 30 KYCd nodes until that point. The only use for the token is payment of these nodes, which are getting paid out of the 350m for node incentives.

>>17580566
it's in the whitepaper. everyone on /biz/ just holds link because we support sergey's vision and we're in it for the tech. it was never about profits.

>>17580565
>>17580538
>>17580433
>>17580350
>>17580322
>>17580135
>>17580005
>>17579581
>>17579452
>>17579200
>>17578901
>>17578849
>>17578783


Do you realize that actual people here that know what they're talking about fully know that you are an incredibly insecure attention seeking loser? Unreal. This thread is so pathetic.

>>17580646
Screenshot where in the whitepaper or your talking out of your ass.

>>17580412
kek

>>17580566
checked. You do know who's paying those 21 nodes right now right? You do know those nodes are not putting link tokens up as collateral right now? Now do you understand the hesitation in thinking about the role of the token.

>>17580412
Linkies BTFO

>>17580635
To continue I’ve been with you the past 2 years. And the company is fucking amazing, but the link token isn’t equity in the company, and to me the current valuation makes absolutely no sense. Where’s the hype going to go from here as well? They’ve partnered with almost everyone, integrated with some notable projects and I don’t feel there’s much more room to grow. I’ve seen this before and I seriously feel we’re close to peak hype.

>>17578695
>what does the announcement today mean?
What announcement?

>>17580742

then sell

>>17579000
>>17579026
https://github.com/ethereum-oasis/baseline

>>17580711
https://docs.chain.link/docs/faq

> How much LINK to run a node?
You will be able to run a Chainlink node with 0 LINK, however, you will not be able to participate in requests that require a deposit until you’ve earned some LINK first. Requesters may specify an amount of LINK that all nodes must deposit as a penalty fee in case the node doesn’t fulfill the request. However, since penalty fees are optional, not all requests will require it.

This is really easy stuff fren. So is this coordinated FUD from this NuLink shit? I'm kinda confused. And I think I'm getting b8d.

t. 2017 bag holder that is just coming back to biz

>>17580831
God damn these fucking fudders suck.

>>17580802
I have

>>17581010
Post it

>>17580858
>>17581026
Holy shit they really do suck. I heard back in the day at least the Eth FUD was good.

>>17580831
Please tell me which statement is wrong
>Team is using ico and 700K sell $ for development and funding.
>Currently only KYC nodes are getting jobs and paid out in LINK token by the team.
>No staking, hence no collateral
>Network is current pre v1.0 and pre-revenue
No FUD, does my wallet no good.
So everybody and mother on ct is saying how bullish this is for CL. Can you say the same for the token?

CL is a oracle marketplace . The contract holder pays for the level of decentralization, and level of security they're comfortable with. The marketplace is up, although in its infancy, but the token is n't really being used all that much, except for the team in using it to pay the KYC nodes. desu not looking good for the neet nodes that don't or can't be a KYC node.

>>17580499
>>17580566
>>17580626
Tell me these anons aren't larping.

>>17580831
its been pretty heavy the last few weeks. They're creating threads posing as link holders, and then coordinating with eachother through some secondary site like discord or maybe even a company chat system. I saw a thread the other day where OP posed as someone who had just sold all his RSR for link, and through course of the thread was 'convinced" to sell all his link and buy OGN buy his colleagues posting in the thread. It's unreal how desperate they are to FUD link and get us to sell.

>>17578695
Baseline Protocol consists of, among other things, ChainLink. Baseline is not its own company, its exactly as the name says. A protocol, consisting of(among other things) decentralized oracle data provided by ChainLink oracles. In other words: EY, ConsenSys, and Microsoft are baking ChainLink into the base layer of enterprise blockchain solutions. If this makes you want to sell, you are retarded.

I sold about 10% of my stack today, feels good man, been hodling since before Sibos 2017.
I am still about 65% in, rest in btc, and about 5% other shitcoins,

>>17581222
Checked, great news if true.
You got all this from a press release? Or can you source us John?

>>17581173
I saw a, I converted all my XRP to LINK thread
>Its laughable

>>17581146
You are totally right anon, you changed my mind. Just sold my stack. Thanks for the heads up. I won't be part of this McDonald s Pyramid scheme any longer.

>>17581276
maybe that was the one. Over the course of like 6 replies he said he was convinced and was going to exit his link position to go all in on OGN, or kleros or whatever. It's amazing to me that they are actually creating theatre with scripts and everything to try and steal me linkies.

>>17578695
>>17580135
then sell portion to take initial out or double the initial (after tax). done that months ago at way lower price and not giving a flying fuck what will happen in next months.
>pump-nothing
>dump-nothing
>going to bed-sleeping like a baby
not giving a fuck anymore, and asking yourself "how much more i will earn from it", not "if i earn money from it' it's way better and clear path of thinking.

in my opinion and in my situation
>bought link from 0,17cents(blessed) to high 60 cents through 2018
>held through google pump
>held to 1,5 sweating like rat in chinese restaurant
>waited for a pump back
>sold ON the way of the last year, not in the top
>well hell couldve sold later
>coulda shoulda woulda
>not giving a fuck, got my mind on other things, planned money
>time flied by way faster
and im right here sitting around thinking about selling more of it, but im waiting for my price points patiently, don't have exact thing to spend money on and i still have cash so- not selling

IF i would have something to spend on that's needed, or i didn't sell before- i would fuckin sell at least 20% of my stack right now and not give a fuck.

>>17581332
to expand this thought, nothing is fuckin guaranteed, and the last months of BTC proved it. this is highly speculative high risk, high reward market. i sold portion of my stack after it went more than X10, took 2X initial investment after tax, and sitting on stack bigger than i sold.

it's literally free money from now on, and i will ladder my sells for sure.

will dream about high double digits, and maybe triple digits, but

will sell on the way with no regrets to secure gains.

>>17581300
Go ahead defer to the biz reply if you want.
I couldn't care less if you bought or sold. I'm here to discuss today's news and how it affects or not the token, not the company or the tech.

>>17581384
This makes so much sense to me.

>>17581261
I have 151 IQ. My source is literally “dude trust me”.

>>17581492
Thanks John

>>17581527
Why do you keep calling me John?

>>17578881
Lol. Clueless.

> reading this fucking thread
What happened to the marines. Must be newfags who should not under any circumstances be spoonfed. Chainlink is the standard that's all you need to know.

>>17581455
the thing with /biz/ nowadays is that you get flamed by retarded summerfags with
>OMG LOOK AT THIS RETARD HE SOLD BEFORE 1000$
or
>YEAH CHAINLINK IS SCAM GOOD THAT YOU SOLD, CHECK MY "INSERT PAJEET SCAM I.E DEVERY" AND BUY IT ON IDEX

there's zero actual discussion about laddering, protecting capital, overextending/exposing, being greedy retard.

hindsight is 20/20 always, but i'm not a bitch to wonder "oh i could get so much more" if LINK hits high numbers and maybe that #3 CMC spot.

i would be happy af even with 30% of my original stack to survive all those months and years to that day if it happens.

LINK no matter what happens next, was the best financial decision and a best emotion rollercoaster of my life. not to mention memes, breadcrumbs, 24/7 refreshing biz for new threads and posts.

that's all mine, and i learned a shitton in last years with crypto, that i can forge to other fields no doubt about it.

>>17578695
What gave you the idea that this wasn’t going to use the link token?
I assumed this was just a white label for mixicles?

>>17578827
Gravelcoin is THE most legit use case sir

>>17580044
The spoonfeeding keeps going:
https://medium.com/understanding-basic-chainlink-tokenomics/the-basics-bb6fca307703

https://medium.com/understanding-basic-chainlink-tokenomics/chainlink-tokenomics-the-guide-to-understanding-a-unique-asset-class-link-b766d5a89759

>>17580646
>everyone here just holds link because we support the vision

Nigger do we seem like ideological philanthropists to you? Fuck off with that, yeah dude a bunch of autismos and poos all gather round and risk their autismbux/wageslave earnings because they like some slav's 'vision'. We're holding link because we think it can make us assloads of money. I dont give a gay fuck if some enterprises do things inefficiently. I want to make enough money to buy slaves to carry me around on a palanquin like an emir or jarl or some shit. Fuck off out of here now nigger

>>17578695
these discord trannies brainstormed over the glorious fud " Token not needed " and made a thread over it. Downvoted, reported and deported.

>>17578938
>Btw web dev is literally the pajeet fucking street-shitter tier of developers

Spoken like a faggot college student who’s never had a real dev job.

You’re already light years behind the industry wasting time on a degree when you should be building real world experience

>>17578695
Exact same shit that happened to JNT. Jibrel the company made $30M from an ico but no business wants to implement the token so the team just dropped it entirely and left ico investors holding massive bags

>>17578695
So are you selling or not ?

>>17578695
weird flex but ok
Still sad you're stuck with link when you could be with OGN

>>17578695
As another anon quoted from the chainlink tweet about being part of baseline protocol
>We'll be building enterprise oracle solutions to make Ethereum mainnet compatible for enterprise usage.
So Microsoft, EY, AMD and others have chosen to use chainlink oracles to bring data onto smart contracts. They can be fully private and scalable too. Read: https://medium.com/@rogerfeng/making-smart-contracts-work-for-business-how-chainlink-zk-snarks-sharding-finally-delivered-8f268af75ca2
They've been working on this since 2014. Chainlink is the standard oracle protocol. You just win.

>>17583308
Oh yeah and this basically further confirms that Microsoft Cryptlets IS chainlink (as sergey said in a video way back in 2017)

>>17581754


> emir or jarl
Kek

Look at these smart bois

Recognise anything?

>>17583308
>>17583321
>>17583340
>>17583369
STOP SPOONFEEDING REDDIT REEEEEEEEEEEE

>>17583420
I'm just sick of this fucking board being so clueless and dumb. Not like they even have enough to buy 1k link, and if they do they probably don't have the balls to do it

>>17583308

Is that tweet real? That's burty good.

>>17581173
>>17580831
Anti-LINK discord trannies are real.
Success attracts parasites and grifters, it's bullish for us.

>>17578954
>Yes, ethereum just runs on 7000 centralized nodes.
Totally centralized.

>>17583440
I bought 4000 last summer close to the top because of people like you and I don't give a fuck. I fucking love you.

>>17578770
SCAM THAT SENDS YOUR PRIVATE KEY TO OTHERS

DO NOT USE

>>17582074
That's pretty retarded. Today's world doesn't believe that someone can become literate (scientifically, linguistically, mathematically, whatever) without a degree. You've obviously never been through the facepalming hell of having to advocate for hiring a self-taught hacker over some graduate with zero compelling projects. The degree thing is more about not taking blame for a hire's incompetence than anything.

>>17578748
The sibos toilet fud... Ahh those were the days. I will never forget those legendary threads.

>>17583440
I'm trying. All my spare money I can scrape together is getting invested now. I'm fucking sick of paycheck-to-paycheck. Especially with negative interest rates coming and bankng going down the toilet.