/biz/ - Business & Finance

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II Mon Sep 28 02:26:18 2020 No.22877027 [Reply] [Original]

>Buy chainlink to make it, that's it, that's the thread.
>Buy chainlink to make it, that's the thread.
>Chainlink is a free ticket out of the wage cage anon, have you bought yours yet?

Buy chainlink, it's the tokenized currency of the Chainlink network: a decentrilazed oracle service. This is a bad-actor-less network which runs software for the purpose of fetching, aggregating, validating, and redistributing data. This has big implications due to the services made possible by this technology, especially when talking about smart contracts, which are bad-actor-less software contracts written to execute upon the crossing of a data threshold. The data accessible by clients of the Chainlink networks software is as limitless as the scope of smart contracts, and the reason many people have issues explaining it is because the technology is innovative instead of iterative in nature, no one knows the true scope of what all this Oracle Service will be used to build, but the starting point seems to be a complete overhaul of the legacy banking system.

>Dürr token not needed
Token is needed to pay node operators for data requests, clients can pay whatever they want using a perpetual conversion contract powered by Chainlink, but LINK will be market bought for node payment if for no other reason than Chainlink is blockchain agnostic, and paying node operators that operate cross chain will be easiest with the networks native currency. Token will also be bought en Masse by node operators who want to service contracts who demand collateral for faulty data, collateral also held in LINK for a frictionless and cross-chain payment and settlement experience.

>if it's so good where are all of the revolutionary applications? Where are the business utilizing it and the profitable business model?
AAVE and Yearn were both made possible by chainlink. There is a hackathon which just ended where a literal who was able to create a fully functional Telsa rental contract.

4th IR is here.

II

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