[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 100 KB, 443x349, 841B044B-0BC1-4304-9122-1DB3739C5539.png [View same] [iqdb] [saucenao] [google]
20732013 No.20732013 [Reply] [Original]

Newfag here.So are they using chainlink or did chainlink pay them to use chainlink? Is this bullish or bearish? I don’t understand what they are trying to say

>> No.20732034

>>20732013
They're mining Link tokens by running a Chainlink node.
It's literal industry adoption.

>> No.20732145

>>20732034
Then what is this guy talking about?
>>20731154
>>20731079
>>20730509

>> No.20732188

>>20732145
God knows.
Schizos cope in mysterious ways.

>> No.20732214

>>20732013
L
O
L

Rip link

>> No.20732244
File: 204 KB, 750x500, sergeymoney.jpg [View same] [iqdb] [saucenao] [google]
20732244

F in chat for linkies they literally have to pay people lmaoooooooooooo

>> No.20732281

>>20732013
>>20732034
Also, this is the first time T-Systems (Deutsche Telekom) engaged in crypto.

https://www.t-systems-mms.com/unternehmen/newsroom/detail/t-systems-multimedia-solutions-wird-chainlink-knotenbetreiber.html?wt_mc=osm_3:15:15&linkId=100000013691680
>Chainlink ist das erste öffentliche Blockchain-Netzwerk, dem wir Infrastruktur und Staking-as-a-Service zur Verfügung stellen werden.
>Chainlink is the first public blockchain network to which we will provide infrastructure and staking-as-a-service.

>> No.20732330

>>20732244
what?

>> No.20732345
File: 55 KB, 1168x632, 57D00EF4-6C3D-4B0B-B019-CA11BB48F044.jpg [View same] [iqdb] [saucenao] [google]
20732345

>>20732013
Fuck off Selkis

>> No.20732413
File: 446 KB, 404x535, IMG_20200618_205920.png [View same] [iqdb] [saucenao] [google]
20732413

>>20732013
It's another delicious nothing serger 777 calories

>> No.20732696

>>20732413
>>20732244
>>20732214
Why are you guys acting retarded? Who do you work for? Simeon?

>> No.20733040

>>20732013
There are three main roles within the Chainlink ecosystem:

1) Data provider
2) Node operator
3) Data consumer / contract requester / Chainlink user

1) Can monetize their data thanks to Chainlink node operators paying for access to their APIs

2) Pay for access to permissioned APIs (Bloomberg for instance) and re-sell that data in a comprehensive and processed format to smart contract requesters

3) Developers / Platforms / Service providers that leverage blockchain and smart contract technology in order to provide a service or a product. For example: Aave, PayPal in the future, stablecoins, PoolTogether... etc.

T-Systems is saying in that tweet that they are becoming 1) and 2). They are not looking to leverage data themselves, which is what 3) does, but instead to monetize their own produced data and to facilitate it, they will also run a Chainlink node

>> No.20733080

>>20733040
>1) Can monetize their data thanks to Chainlink node operators paying for access to their APIs
Can monetize their data by selling it to Chainlink node operators**

>> No.20733626

>>20733040
so exactly what data do they intend to monetize
telco costs are already heavily restricted by the eu so a real time pricing mechanism doesn't seem likely

leaves costumer data via the loophole of pretend anonymization, meaning indian scammers can buy the lives of legit germans for cents on the rupee
have fun explaining to granny helga the reason her account is emptied is because frogposting autists on a mongolian horse etching forum memed a fat russian into fortune thus enabling a system whereby neets profit of data reselling
i am assuming this is what investors in african mines feel like: don't care about the childlabor its good dividend

>> No.20733696

>>20733626
That was a shitty fanfic. Kys faggot

>> No.20733740
File: 624 KB, 1440x2347, NewSchwabenland.jpg [View same] [iqdb] [saucenao] [google]
20733740

>> No.20733781

>>20733626
>so exactly what data do they intend to monetize
Translate the original Cointelegraph article https://de.cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator into English

"Zwar wird T-Systems zunächst nur ein Knotenbetreiber sein, doch werden laut Dudka telekommunikationsspezifische Anwendungsfälle für Blockchain-Tech - wie etwa die Roaming-Abrechnung - erwogen."

>wie etwa die Roaming-Abrechnung
Which means they are exploring blockchain usecases like Roaming billing that leverage Chainlink

>> No.20733795

>>20733040
This. I cannot believe the people who sold with this message. This is literally confirming that they are working to provide data to Chainlink network and they are part of it. Unreal...

>> No.20733858

>>20733626
Kettenglied Kolonialismus zum Sieg.

>> No.20733987

>>20733040
These large companies are running nodes with free link. The 30% sergey set aside to "bootstrap" the network with node operators.

Link has a serious problem and that is, to work as intended, it needs to be able to collateralize billions of dollars in contracts, and maintain enough liquidity to handle slippage and sell pressure.

Where is that liquidity going to come from? Linkies have no answer for this.

>> No.20734117
File: 1019 KB, 1280x1810, 1586192911005.jpg [View same] [iqdb] [saucenao] [google]
20734117

>>20732013
It means what I have been telling linktards but they refused to accept:
T-Systems MMS is a worthless sub-department of R&D. They are just learning and experimenting, while doing release notes to pump the stock price. It is literally nothing, and the prices shows.

>> No.20734225

>>20732013
I took it to mean that they were developing a staking service like linkpool

>> No.20734410

>>20733987
I recommend you to read ChainlinkGod texts in regards to this. What he calls a positive feedback loop solves this issue. More high quality data providers attracts more users, that will require more LINK locked, that will create scarcity while demand goes up, which will favour the price of $LINK going up. I don't see the liquidity problem or maybe you could rephrase it so I can understand what the issue is

>> No.20734496

>>20733781
>Roaming billing that leverage Chainlink

this would be a perfect use case for chainlink if roaming still worked like in the old days
however with new eu regulations roaming between eu states is a thing of the past and that is 99% of all roaming in the eu

if it means settling the accounts between providers for the usage of the network than there are much better plans then chainlink
this will be settled in predetermined contracts, not in minute by minute billing of data in b2b

t-mobile has no usecase as dataprovide here, nobody would be interested in the roaming data except their own finance department and the finance department of the other telcos and for several compliance and risk based reasons they will not go for a datadependent payment option but a presettled price subscription formula

so again tell me if they are going to be 1 and 2 who would pay for their data, who gives a fuck about the roaming data

>> No.20734607

>>20732244
F

>> No.20734813
File: 127 KB, 495x591, chainlink users pay to use chainlink kava.png [View same] [iqdb] [saucenao] [google]
20734813

>>20733987
>These large companies are running nodes with free link. The 30% sergey set aside to "bootstrap" the network with node operators.
That's not how it works.

>> No.20735324

>>20734496
>so again tell me if they are going to be 1 and 2 who would pay for their data, who gives a fuck about the roaming data
The roaming billing use case won't happen until they become 3) as well.

If you read this https://www.t-systems-mms.com/en/expertise/archive/smart-contracts-made-reliable-and-useful-with-the-real-world-data.html in the last paragraph they say

>By applying our secure infrastructure expertise to operating a Chainlink Node, we can thus indirectly participate in the growing DeFi and Staking space. This is the first step in our secure blockchain infrastructure provisioning project. "Chainlink is the first public blockchain network to which we are currently providing infrastructure and will provide staking services in the future. This brings us a lot closer to our vision of establishing public blockchains as the basis for numerous use-cases", says Dr. Andreas Dittrich, Head of Blockchain Solutions Center of T-Systems Multimedia Solutions. We will be supporting the Chainlink Network with secure infrastructure and with its planned staking implementation in the future.

Being the main takeaways these:
>This is the first step in our secure blockchain infrastructure provisioning project
>We will be supporting the Chainlink Network with secure infrastructure and with its planned staking implementation in the future.

I think they are being ambiguous on purpose, but basically you can deduce this is the first step of a bigger positioning strategy. They are seeing the blockchain space growing rapidly and they don't want to be left behind so they are making their moves in order to become "infrastructure providers" which can mean multiple things. My guesses -as good as anyone's else- are:

They want to become infrastructure provider, the same way most telephone companies quickly began to offer internet services everywhere in the 90's
They want to level up their own blockchain and become a future institutional blockchain project for Germany

>> No.20735468

>>20735324
this i can believe
their wording is very vague and of course on purpose so

however in this case they are not 1, they themselves do not generate any data with realworld demand
they are setting themselves up to be a data aggregator which would be mostly 2
now there is a viable usecase

however i don't see any real profit usecase for being a 1if they don't sell their users data in some roundabout way to evade current legislation

>> No.20735555
File: 11 KB, 245x345, 1589250565424.jpg [View same] [iqdb] [saucenao] [google]
20735555

>>20734117

>> No.20736034

>>20735468
>1if they don't sell their users data in some roundabout way to evade current legislation
I think this way of approaching is not 100% okay. They won't sell the data to their users. The average Joe won't buy data nor API access, but app developers (specially bank app developers) could easily connect bank payments APIs with mobile users. Now that I think about it, in their article, they talk about IoT a couple times

> Another conceivable application is the evaluation of sensor data for blockchain applications in the Internet of Things (IoT).

Actually, I just realized that apart from big software companies, the monopoly on IoT data belongs to TelCo companies. There is no bigger IoT network in the world than our smartphones connected to the internet. They generate a vast amount of data (GPS, signal quality, blueetoth connections nearby, API outputs when connecting with mobile apps). Remember: the 4th industrial revolution is not only about automatization, but also about monetizing data, they are sitting on a gold mine

>> No.20736119

>>20732145
Imagine caring what a single anon is posting on a arctic rock collecting forum

>> No.20737152

It’s over I’m tired

>> No.20737256

This is just the vechain playbook. But you have the memes, crypto going into bull mode, defi hype, and a strong cult on ypur side so AS LONG AS YOU SELL DURING THE NEXT PARABOLIC CRYPTO PHASE you will be alright, linkies.

>> No.20737264

>>20732034
This, they are yield farming link.

>> No.20737426
File: 30 KB, 320x144, hann.png [View same] [iqdb] [saucenao] [google]
20737426

>>20733740
>that filename tho
UN REICH

>> No.20737594

>>20732013
Data providers and validators are paid in rewards. If they provide false or faulty data, they would be penalized. TMo has massive amounts of data, so why not earn an additional, growing revenue stream with it, while simultaneously solidifying yourself a leader in the fourth industrial revolution?

>> No.20737844
File: 82 KB, 1080x1012, 1559950347038.jpg [View same] [iqdb] [saucenao] [google]
20737844

>>20737256
>linkies

>> No.20737902

>>20737256
>This is just the vechain playbook.
It's pretty much the opposite of that.

>> No.20738070

>>20737902
They're recruiting real world corporations by offering them free rides/income on their platform, these corps aren't using them for mission critical shit and none of them are paying customers. Then they hype the "partnerships".
It's quite literally what vechain does.

>> No.20738099

>>20738070
What in the fuck are you talking about you double nigger tranny?

>> No.20738130

>>20738070
Vechain:
>WE PARTNERED WITH [insert major company], THE RUMORS ARE TRUE!!!!

Chainlink:
>we partnered with Chainlink, sincerely, [insert major company]

>> No.20738274

>>20732145
The takeaway here is that t-systems think ChainLink and smartcontracts are a viable way to make money. Therefore they want to get in before everyone else

>> No.20738280

>>20732145
Did you even read his post? Anyone who says chainlink is hyping their product can be immediately dismissed. They literally never do this, they never make announcement for other companies, they simply retweet stuff. They are the most anti-hype project out there, they don't give a shit about pumping the price at all. They provide an informational tweet and everyone goes crazy that they are pumping their token but they have the most bland zero exclamation point straight to the point informational tweets in the business.

There was zero implication by chainlink that these banks that this would affect the token price, to assume so is stupid. To say that it means nothing is also stupid, to expect something to happen immediately as a result of it is the most stupid. The price is still speculative.

>> No.20738403

>>20738130
>I bought at .016.How fucked am I?

>> No.20738478

>>20738274
will they still be a viable way to make money when they are paid what the customer pays rather than the subsidized amount that chainlink is currently paying to force adoption?

>> No.20738896
File: 40 KB, 647x659, 87f.jpg [View same] [iqdb] [saucenao] [google]
20738896

>>20738478
Once they start selling all the customer data? They're going to make a killing.

I see what you're doing. And yes, while there's no money in running a link node and bootstrapping the smartcontract economy, Sergey is selflessly footing the bill to bring about the 4ir.

However, this does not make Link a fraud. It means that they think their product is good enough that they'll spend millions to prove it.
And you know what? So does everybody fucking else. Stay poor faggot

>> No.20739448

>>20738130
Kek nigger all the tweets about partnerships come from the chainlink twitter, and several huge corporations really used vechain.
The point is they get the network/tokens for free, no corporation is an actual paying customer.
You're being intentionally obtuse and facetious.

>> No.20739483

>>20739448
>all the tweets about partnerships come from the chainlink twitter
Absolutely false.

There are exactly zero partnerships that were first announced by Chainlink.

>> No.20739589

>>20739483
Yawn

>> No.20739800
File: 843 KB, 744x752, 1546254802858 (2).png [View same] [iqdb] [saucenao] [google]
20739800

>>20735468
>however i don't see any real profit usecase for being a 1if they don't sell their users data in some roundabout way to evade current legislation
Friend, this is exactly one of Chainlink's more exciting usecases. Telecom providers, phonemakers, phone OS providers, search engines etc. are all sitting on goldmines of data that can't be monetized due to legislation. By using oracles paired with Trusted Execution Enviroments (TEEs) and other data privacy guarantees, it becomes possible to sell and use large datasets without breaching privacy laws. This enriching those companies, and unlocks more usecases for whoever ends up using that data.
>>20736034
>They generate a vast amount of data (GPS, signal quality, blueetoth connections nearby, API outputs when connecting with mobile apps). Remember: the 4th industrial revolution is not only about automatization, but also about monetizing data, they are sitting on a gold mine
This anon is geting there.

>> No.20740023

>>20739800
is chainlink the TEE or will they use something else?

>> No.20740066

>>20732696
hey, this guy >>20732413 posted one of the dankest trippy link memes, and you mistakenly call him retard for brushing off common fud with a supreme McD's Link reference. Have a some respect, private

>> No.20740228
File: 71 KB, 429x286, AriFucks.jpg [View same] [iqdb] [saucenao] [google]
20740228

>>20740023
M I X I C L E S
https://blog.chain.link/breaking-down-mixicles-and-its-potential-to-unlock-enterprise-demand-for-defi-applications-on-public-blockchains/