/biz/ - Business & Finance

Also, reminder that the SIBOS conference is literally organized by SWIFT.

So the news is coming straight from the horse's mouth (see official SIBOS link in OP).

Get in before this thing hits the mainstream on Oct. 16.

>>3578435
Ok but what if the presentation happens but is really lackluster (like most events in crypto)

>>3578473
Even if the presentation is as dry as can be, the facts and implications remain the same.

The only people FUDing this are people trying to get in cheap.

>>3578435
lol mate I can smell your desperation from here this shitcoin is going down

$50m marketcap, this is mindbogglingly cheap. The amount of pieces of shit ahead of it is disgraceful. The market will wake up eventually.

We are the oracles and we have not been solved

>>3578493
https://www.wikiwand.com/en/Society_for_Worldwide_Interbank_Financial_Telecommunication

This is the company that is pursuing an active collaboration with Chainlink/Smartcontract.

Money doesn't care about insults or hurt feelings anon.
I am not your enemy, lack of money is.

Rise above, hold my hand, let's make some money together.

xoxox,
anon

For those still not quite grasping this;

SWIFT is a company that allows financial institutions around the world to connect with one another.

Smartcontract/Chainlink is a company that allows conventional business/finance to connect with the blockchain.

These two companies are working together.

Let that sink in.

Lunch bump.

DGB 2

Join the collaborated pump group on Telegram..
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We're currently up to 180,000 to pump with. Join and let us know how much you have. I'll see you there

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>>3578627

lol chainlink is already a pump and dump coin. good riddance shitcoin

>>3578543
Some people never heard of SWIFT. I know of it because I frequently send money overseas to parents. That's how you come across SWIFT code and notice banks use it internationally. If you look up SWIFT and still don't understand the gravity of the situation you are just a low IQ chimp who will wander through life failing. You can buy or dump this token all you want, it won't matter. Whales got the bulk of the tokens and they not selling for a little 5-10x. All Sergey has to do is maintain SWIFT as a client and the rest is just gravy.

>>3578736
If you live in a country with fairly developed financial practices (all banking online, no cheques, fast wire transfers, paper money 99% gone) like Finland, you know SWIFT like your first cousin by now. Here virtually all monetary transactions are relayed through SWIFT and without it the whole economy would pretty much fail until the banks could scramble something to replace it.

However when I lived in the States, if I asked somebody what SWIFT is, they would have no idea. This is because big economies move slower towards new innovations, and while online banking and everyday wire transfers are old tech by many standards, we're talking about 40 out of 50 states where getting paid by cheque is still the preferred method.

Alls I'm saying is: SWIFT IS FUCKING HUGE and you _absolutely will_ find that out sooner than you think. Finland isn't even on the forefront compared to countries like Estonia, but already SWIFT to us is about as vital as asphalt roads.

---These are the guys ChainLink has partnered with to create the future of online transactions---

>>3578736
Everyone who's ever done a few bank transfers is on some level aware of SWIFT.

>>3578684
>doesn't know the first thing about it
>doesn't know about SWIFT or SIBOS

Do yourself a favor, just look up what SWIFT is (make sure you understand that they organize SIBOS), and then read the link in the OP.

>>3578435
YES, THE TECH IS GREAT, SWIFT PARTNERSHIP IS GREAT, BUT WHAT IS THE FUCKING PURPOSE OF THE TOKEN?

>>3578983
It will be used to pay nodes which can provide useful and accurate data

>>3578435
Ok I think we've had enough of these threads already.
Just stop posting the same shit, there is no point in convincing anyone anymore because those who wanted to get in are already in.
Now it's up to the devs and the rest of the team to start going public but I don't think they'll want to do anything before SIBOS.

If SIBOS is a success then we can expect some major price movement, hopefully. Though we still don't know the extent of possible partnerships.

why are you shilling so much to these plebs ?
they had their share of advice, now let them stay in poverty.

All we have to do is buy as much as possible, and hodl for a while

>>3579017
> banks will pay in a currency that is completely volatile

yeah banks hate money

>>3578983
to incentivize and pay the fucking oracle node operators...

Jesus Christ if this is the level of your research then just shut the fuck Donny.

>>3579050
>If SIBOS is a success
You think they're going to be doing the demo for the first time at SIBOS?

Of course it'll be a success.

>>3579063
If the tokens are worth more in $, then the node operators will simply ask for fewer tokens.

>>3579063
It's like you don't understand the first thing about simple economics.

Utilization is low -> LINK is cheap -> cheap LINK incentivizes utilization -> Utilization raises -> LINK becomes more expensive -> Equilibrium is found -> LINK stabilizes.

I swear you people talk of yourselves like your autistic but in all reality it seems like you have downs.

>>3579068
Sorry, I only took a glance at their whitepaper. What's the point of paying node operators with LINK though? Why not just cash?

>>3579121
That's a question regarding the very basic functionality of tokens in general.
Basically it makes transactions easier. Like if you book a flight you pay in advance and show your ticket at the gate when you board.
Having to pay at the gate would make things slower and less secure for everyone involved.
Not exactly like this, but it gives an indication.

Look this up for yourself though, this is crypto 101.

>>3579093
>You think they're going to be doing the demo for the first time at SIBOS?
>Of course it'll be a success.
Of course the demo itself will be a success but the future of this token depends on companies adopting the tech so either some kind of announcements during or after the conference about implementation would go a long way.
If they only show the demo, it won't create much hype. People want real life implementation with real companies.

>>3578617
kek'd

>>3579157
That's a clear explanation, thanks. It's something I was wondering about for a while now, each project has its own token, but in a lot of cases they seem almost useless.

>>3579174
SWIFT is in the business of connecting financial institutions. They're also the ones organizing SIBOS. And they saw enough potential in the project to invest in it and feature it at their conference.

That's as strong a guarantee of future adoption as you'll get at this point.

This is very likely the most legit ICO since Ethereum itself.

OMG had about 1 billion in market cap recently, and all they ever did was show logos of companies and imply partnerships, without ANY confirmation from those companies. See pic.

In this case here, SWIFT itself confirms the relationship with Smartcontract/Chainlink. And it doesn't take much reading to understand the possible implications of this relationship.
Smartcontract/Chainlink may very well develop into THE connection between conventional business/finance and the blockchain.

This may completely change the way contracts and official records work. Perhaps even payments in general.
There is simply nothing more reliable than the blockchain; which is essentially a 99.9999999% reliable store of information incentivized by its financial value.

>>3579174
More to the point: SIBOS will bring a lot of exposure to Chainlink/Smartcontract, and at this stage that is a MASSIVE advantage in and of itself.

>>3578736
People who don't know what SWIFT is probably don't have the money to make a difference in Chainlink's market cap, so at the end of the day it doesn't really matter.

>>3578435
its already priced in dumbass, SELL SELL SELL!!

considering youre trying to post info youre telling people godlr anon youre no different from tje faggots who are fudding then

>>3580621
>the mainstream exposure resulting from the SIBOS appearance on October 2016 is already priced in

>>3580621
this. they'd already priced the Sibos stuff in during presale

>>3580648
You can't price in future investors. You need the future investors first.
Those future investors will come after SIBOS.

>>3578435
Has anyone heard anything from these guys since the crowdsale?

>>3580695
Nope. They hightailed it to Tiajuana.

>>3580660
keep telling urself that homie enjoy your bags after sibos

>>3580750
SWIFT will be showcasing Chainlink to the financial world at SIBOS. What do you think this means?

So are we waiting for this to hit exchanges? Where will I be able to buy?

>>3580695
Yeah, I goofed and sent my refund back to the ICO address. They refunded me again though, these guys are legit

>>3580903
EtherDelta right now anon, get in while the gettings good

>>3580903
It's on Etherdelta right now. Went x2 in a few hours, sitting stable now.
The volume on etherdelta was through the roof yesterday, this thing is obviously itching to take off.

seriously though LINK is gonna like 5x at best and then dump.

>>3580621
>>3580648

Kek. Diigbyte, Funfair, Dogecoin, PIVX, BAT, MaidSafe: those are projects with a higher market cap than Chainlink. If you don't see room for growth I suggest you kys as soon as possible

>>3581012
dogecoin is better than chainlink can ever hope to be, idiot

>>3581071
I know right. Dogecoin > all ETH ICOs put together

>>3578435
This is a 100x coin once it hits a normie exchange.

>>3578435
OK, I am in for 2k, am I going to make it?

>>3581090

Has the team mentioned any talks/plans for polo/bitfin/ttrex?