/biz/ - Business & Finance

>>18085969
okay

>>18085969
It is literally dumping right now

>>18085969
REALLY NEAT BRO, GOOD JOB

>>18085969
You going to post something?

>>18085969
I might start thinkin after old Ed motherrfucking Felton came under the cube, who else might chainlink be adding to their value layer?

Here's a question: have any other projects, maybe projects from banks, been basically bullshit permissioned ETH clones? And what happened to those projects?

Here's another question: the true value of the chainlink network is in making it decentralized so the entire stack from end to end is decentralized. In some cases this isn't possible (eg single data or API providers) but for the most part data inputs and cross chain or banking outputs can be made redundant and decentralized. But how do you take a random node and first make sure it acts right and second make sure it knows how to stay up enough to be useful? Sure would be nice if there were baby steps you could start a new node on and let it build reputation before opening up more complex jobs, wouldn't it?

Now imagine if not only the oracle layer and not only the smart contract execution layer but also the dispute resolution and core blockchain layer were contained under the chainlink umbrella. That'd be peachy keen, wouldn't it?

Well how would a feller go about that?

>>18085969
Good man. Keep looking.

>>18086142
Now again, I'm just a simple man so I surely don't know what I'm taking about, but what additional developments need to be made to the Eth 1.0 code to allow arbitrum and chainlink to run? I sure can't see any.

And wouldn't it be quite a thing if, when you ran your chainlink node, you also happened to run a "backup" node of a simple Eth-like blockchain. You know, just in case ETH had some problems or decided to adopt a communist governance system that forcibly redistributed ETH to noble parties in need. Or really anything else...wouldn't it just be nice to have a backup?

And what happens if that backup, over time, just happens to work every time. And, wouldn't you know it, its actually cheaper because chainlink nodes aren't often used to trade cryptokitties (and even if they were they'd only be done on the arbitrum layer) and so even that supposedly expensive finality layer is really a good bargain.

Over time, wouldn't that backup system end up becoming the most frequently used system for that purpose? And what does that mean?

To a simple mind like mine it would seem like all of the ecosystem surrounding smart contracts would then have to compete with a single, vertically integrated stack that already has the most important data sets and apis plugged into it. So if you want any part of the SC value add, you have to try desperately to claw that tiny portion away from a monolithic project coded by the best coders, promoted by the best enterprises and that offers seamless integrations with all of the existing business software.

Sounds like quite an undertaking. But then again, what do I know. I aint nobody.

>>18086322
Anon is 43k LINK enough to make it? How long do I have to wait? It’s all so tiresome

>>18086322
checked

>>18086322
So something like PIC related? Is that why moneyskelly hates moneybelly? Also when to make it with a measly 30k stack?

Except it's literally dumping right now. Target: 8k sats

>>18086185
Know something?
We're all frens here...
>>18086409
Depends on how much you need
You'll make it when Sergey decides to pull the curtain back
When that is I have no idea
>>18086424
A live-and-working-on-testnet layer two scaling solution written by the white house CTO using the link token for value would have been called the grandest of delusions

And then it just happened

>>18085969
It was all just a dream
I used to read Jive Turkey Magazina

>>18086518
I may not be up to date on all the crumbs, WHAT

>>18085969
Do you believe that Chainlink will eventually settle around 3 digits? Same with how BTC settled around 4 digits?

>>18086488
Not sure I follow, can you spell it out
>>18086620
Biggie lives?

...Oh yeah, and one more thing. Fer all that hootin and hollerin to take place, they sure would need some smart fellers on the team. It'd have to be someone so smart they coulda coded something like eth 1.0 themselves. And that feller would have to have some real time to focus on his work, with other coders doing most of the leg work on all the bugs and go node development. That kind of feller would have to be in from the beginning and smart as a whip. Sure would be nice if they had such a guy.

>>18086745
https://medium.com/offchainlabs/scalable-low-cost-computation-of-ethereum-smart-contracts-using-arbitrum-on-the-chainlink-8985c6542d4e
https://www.youtube.com/watch?v=8Cp0MGmEdDY
Know that sergey loves you anon. and ed. and steve.
They all love you and want to you be happy.
>>18086754
I think that the complexity of application directed value add dictates both the rate of value capture item appreciation and ultimate fair market value.
Knowing that I think that chainlink will never have a singularity, it will just go up in value 300% every year until it is the backbone of all global commerce capturing 1-5% of all global economic activity.
Just like it has already been doing for the last two years.

>>18086810
>>18086488
>pic related
>all eggs in one basket
>me an intellectual, has all his eggs already in the link basket (basedao)

So what you are saying is that vitalik is on their team now?

>>18086810
>Sure would be nice if they had such a guy.
You referring to Ari?

>>18086810
Steve Ellis is a blockchain legend, born and raised in Brooklyn, New york. He became one of the most influential figures in the East Coast blockchain scene in the early 90's. However, Steve’s rise to fame was not an easy one. Steve Ellis was a high school dropout who got involved with dealing drugs as early as 12 years old. His arrest record includes distribution of crack cocaine as well as weapon charges and other crimes. Yet, despite his rough childhood, he was still able to make a name for himself in the blockchain community through his stylistic rhymes and rap flow. Steve’s code “Chainlink” gives a description of his struggle to the top. He shares with the comunity how thing’s can change when you move from the ghetto to the spotlight.

>>18086983
Ok I got you anon, thank you and god bless

>>18086983
Sophisticated fud.

>>18086992
I'm saying the opposite, vitalik is now completely disposable
and the entire eea knows it
and so does he
>>18087023
see
>>18087041
Ari aint no bitch, but aint no motherfucker like steve

>>18087107
A consistent 300% a year gain isn't fud at all, I prefer this type of growth vs a pump and dump.

>>18087141
IIRC Vitalik hasn't been completely focusing on ETH for a while now correct?

>>>>18086992
No anon this type of bird lays one egg into alien nests. This bird type breeds quickly and when the small bird leaves his egg he drops the eggs from the original bird out of the nest. Then it will be fed by the parent birds until its large enough to leave the nest, while the parent birds lost their offspring. This analogy refers to chainlink (the foreign egg in the basket) slowly capturing the data layer and as high IQ op explained also the baselayer offering better services than ethereum (the parent birds) until its so large that the parents are useless.

Thank you op for this nice writeup.

>>18087144
300% a year wont save me form sodoku.

>>18086518
>A live-and-working-on-testnet layer two scaling solution written by the white house CTO using the link token for value would have been called the grandest of delusions
https://www.coindesk.com/coinbase-chief-legal-officer-leaves-to-take-senior-role-at-us-bank-regulator

>>18087166
>nothing looks like it seems
>one deep expanation

My bad. Actually that analogy explains pretty well how I managed to get through college.

>>18087144
Boomers tier gains, sophisticated fud.

>>18086142
>Here's another question: the true value of the chainlink network is in making it decentralized so the entire stack from end to end is decentralized
https://relaychain.fm/15-chainlink

>>18085969
Based thread.
We’re all gonna continue to make it.

wut


the


>FUCK

was

that?

>>18087245
Boomer tier would be something like 7% annual like the S&P, 300% a year is insane, especially if you take into account that this is compounding interest and organic growth vs a one and done pump and dump like xvg.

>>18087141
How much link you hold mate? When are we making it. Thats all i care right now.

OOOOOOOOOOOOOOOOOOOOOO

Based thread

>>18087342
CZ knows. Time to send it.

>>18087271
KAVA GOOD CHRIST IM EXCITED FOR YOU LADS

tonight
It’s happening!

>>18087342
Strap in

>>18087315
What price makes it?

>>18087342
What kind of commie faggot bernie loving nigger shit name for a crypto project is kava?

>>18087212

300% a year could turn 1000 into a million in a little over six years. How poor/retarded/impatient are you??

>>18087410
Daily reminder to put all of your links into your own wallet. Not your keys not your link. Withdrawl link from exchanges NOW!

>>18087438
Its a literall who. Nevermind carry on.

>>18087435
only a 2 thousand of wallets ahead of me. So i think ill be fine.

>>18087166

>>18087456
Need a singularity pump that makes my eyes bleed or I can never reconcile the years of failure. Also plan to be dead by 30 and I am 26.

>>18087528
Don't fall for this glow niggerist, this is a demoralization thread.

>>18087505
bird law you say?

also kekked @ filename

>>18087342
>the sun is gone, but i have a light

So you’re telling me that there exists a solution to the oracle problem, which is working with cream of the crop academics, Silicon-valley corporations, former white house CTOs, that is on the path to capture trillion dollar legacy markets, that has been backed by the longest running decentralized meme campaign in history, that has already assembled the largest collection of security-reviewed, Sybil-resistant, fully independent node operators, whose name is already synonymous with decentralized oracles a la google and searching engines, that is already considered the industry standard, that has connections to the banking cartels, that is not even fully complete yet light years ahead of the competition, and that all I need to do to go along for the ride is to buy an erc-20 token and hold for a few years?

>>18086518
>>18087668
hardcore hopium here, but I am onto the same trail. would blow my mind to actually see such a thing happen.

>>18085999
Nice trips.
>>18086088
Checked
>>18086142
>42
>>18086322
>>18086488
Checked
>>18086518
Great stuff OP, really helps with perspective. Ben waiting too long lol.
>>18086810
Based.
>>18086983
Nice fud.
>>18087144
>>18087166
>>18087233
Checked.
>>18087342
>42

GO BACK YOU NIGGER!!! WHAT PART OF $1000.00 EOY DO YOU NOT UNDER STAND?

>>18086983
nice fud fucking stupid faggot

Happy Sergey blesses this thread

>>18088444
Checked.

>>18087144
The staking event will easily drop the real circulating supply by 50% at the low end. Once we reach full saturation its hard to theorize how much will be available. We will likely see a run up similar to BTC and ETH 500x-1000x in value then a retrace towards something more stable at which point THEN we will see 3x year over year

does anyone know how i can get public ethereum to sign transactions on bitcoin BTC privately?

>>18088444
Uhh checked

I think ETH will win in the end. I really don't think Sergey wants to run his own chain and secretly hopes decentralized solutions replaces enterprises.

Sergey isn't out to help the insurance companies, he's out to replace them with public goods available to anyone on earth. We bought in based on enterprise adoption, but the real redpill is that it's about enterprise replacement.

>>/biz/thread/S14514053

arbitrum still needs ethereum to verify one step proofs in the event of a challenge game

>>18088444
Thanks based Serg

>>18088444
Checked. We're gonna make it