/biz/ - Business & Finance

>>4288787
Nice thumbnail

>general use-case
name 15
protip : you can't

>>4288804
kek can anyone even give another crypto that matches the following criteria? no?

>>4288888
RCN, MCO

>>4288888
Kek says no they can't apparently.

>>4288887
brainlet, link can be used for any task that requires smart contracts to access data outside the blockchain

>>4288900
>RCN
>MCO
are you retarded? the absolute state of nolinkers

>>4288905
Kek is on our side

>>4288913
>he can't name a use case

>>4288950
1) trustless gambling dapps
2) smart contracts that require weather
3) smart contracts that handle fiat
4) smart contracts that use news as data
5) smart contracts that track coin prices

The list goes on, just anything that requires external data you fucking brainlet. Ever wonder why smart contracts are currently only mainly used for ICOs?

>>4289004
thats not use cases anyone really wants or needs tho.

>>4289004

literally none of those require decentralized oracles
100% of those can be done right now with the tech we already have
absolutely no corporation is sitting around and thinking "gee I wish we could decentralize our oracle that gets weather information. seeing how crucial the weather data is to our operation and how often hackers attack the weather websites"
your shitcoin is useless

>>4289065
what? you fucking brainlets. smart contract platforms are supposed to be fucking trustless programmable platforms. they should be able to do anything you can do with Java, Python, etc trustlessly.

However their use case is confined to handling data in the blockchain (token creation and transfers). There are centralized oracles but that would make the dapp not completely trustless so whats the point? For example, etheroll uses Oraclize. If Oraclize gets compromised, the bets in etheroll would be fucked.

>>4289141
>he has no uses cases for smart contracts and can't explain why we need them

>>4289141
are you saying there is an oracle problem?

>>4289159
Whatever troll, this is my last reply to you. smart contracts should be able to do whatever a centralized application made in Java, Python, etc trustlessly. ETH and other smart contract platforms cant do that without LINK. Thats as general as it gets when it comes to use-cases.

>>4289065
You must be a special kind of retard. Even the densest fudder doesn't attack the idea of decentralized oracles because they then have to explain why Swift considers them so valuable and why a multibillion dollar corporation was singing it's praises.

Are you ready to FUD Swift and a multi billion dollar corporation? Or are you going to be a good boy and just FUD the token itself?

I'm not gonna lie guys, I am so confused between whether or not to throw 10k at Link. I genuinely feel like it could be great, the poeple that come here to FUD wouldn't waste their time if they didn't believe in it, and It just seems like the most logical moon mission to come out of 2017. I'm just having so much trouble discerning the real from the fake info.

>>4289184
so what is it used for?

>>4288913
>link can be used for any task
There is a HUGE fucking difference between "can" and "will."

And it will only be used for one thing, and that is in Swift's system. Nothing else.

>Swift considers them so valuable
Swift considers the network itself to be valuable. The price of the tokens themselves don't matter at all to Swift.

>>4289215
>so what is it used for?
kek you motherfucker....

>>4289065
Jesus cmon, who's teaching the FUDding these days?

Everyone knows with LINK you attack the TOKEN UTILITY, not the decentralized oracles. Christ. This is FUD 101, attack the token utility when the tech checks out. Then you move onto insulting the dev team. I swear nubiz are useless.

Come on. Try again. Even though we have answers for the token utility, it's still open to subjection.

>>4289238
stop dancing around my questions like the binance bot does around your sell/buy orders. give me examples of what a smart contract is needed for and general use cases.

>>4289233
If the network is being used, the tokens will become valuable.
Who the fuck cares what swift thinks.

>>4288888
Nice digits mate

>>4288787
Anything that needs to be shilled this much is something I'll never buy

i set up a oracle to monitor my water usage when i flush my toilet

>>4289276
So you weren't around for eth then no?

lmao take your 6 months of crypto and piss off then pajeet.

>>4289184
>smart contracts should be able to do whatever a centralized application made in Java, Python, etc trustlessly
you have no idea what you are talking about, unless you're shits-in-the-street retarded you would never let code execute trustlessly
smart contracts will never do what a centralized application does, smart contracts will never offer a better solution for an already solved issue
smart contracts are, however, a ponzi scheme and may be used as such

>>4289265
The tokens are already valuable. About $0.20 USD valuable. HAHAHAHAHAHAHAHAHHAHA

>>4289322
>smart contracts are, however, a ponzi scheme and may be used as such
Yeah anon, you sound smarter than billion dollar IT companies. Shouldnt have called smart contracts ponzi schemes bro and just used some other FUD. Disgusting brainlets

>>4289250
It really is baby bitch shit. Fudders have already conceded that decentralized oracles are revolutionary. They have to focus on the token and yell about the team and project being beaten to the market by others somehow.

They are right though. It's why ETH failed so spectacularly. BTC could already do basic smart contracts so they decided crush ETH by forking to handle complex contracts and then ETH faded into obscurity. Same thing will happen here.

>>4289361
tell me one singular thing that smart contracts can do better than an already existing solution
ill wait

>>4289383
Isnt their only competitive advantage being decentralized.

>>4289383
it makes the existing solutions trustless you motherfucking brainlet. why are you even in crypto you stupid piece of shit. the whole point of crypto is trustlessness by decentralization

>>4289426
why need that? give examples where this is useful

>>4289445
>t. brainlet here, why is trustlessness needed
you stupid motherfucker, get out of crypto now.

>>4289471
>he can't give examples or answer my questions

>>4289493
You're basically asking the most retarded question every nocoiner has asked. You fucking retard.

Why is trustlessness needed? It eliminates the middleman which not only prevents the task to be compromised but would also significantly eliminate the cost of having a middleman. Fucking brainlet.

>>4288787
No one cares, its not april anymore the hype for smartcontracts is over

Can someone explain to me what gives the Chainlink token value? What will it be used for? I understand what the project is setting out to do but where does the token fit in to it all?

>>4289561
>the hype for smartcontracts is over
its just getting started nigger. and LOL at not being able to name another crypto that fits the criteria i mentioned.

>>4289417
decentralization isnt really an advantage in most cases, it is for distributed hosting for things like "le cloud storage" and de-centralized trade
its good for censorship resistance and crime usually, also cost efficient and maybe even beneficial to those who host it, if generated income is distributed between contributors
>>4289426
yikes,
jesus christ
do you even know what trustless means you fucking normie
i can name two things that smart contracts can be used for, that probably offer a more robust foundation than a centralized solution, and they dont sound good for the ones with money and power
file hosting
black market
in either case, since it being trustless, open source, and de-centralized, there are huge security concerns due to slow updating of the entire network, one malicious/deprecated host and the entire network is likely vulnerable
unironically consider self harm, anon

>>4289584
yeah you just lost all credibility, the moment you called smart contracts as ponzis. you think a fag like you with a waifu really knows more than billion dollar IT companies that praise smart contract technology?

>>4289540
sooo what is it used for?

>>4289578
What does it matter if theres no demand?

>>4289672
there is no real life use case for smart contracts. ever noticed how nobody can really tell what a smart contract is needed for?

>>4289672
>no demand for smart contracts
kek there is a large demand for smart contracts especially in the corporate scene you faggot and its just starting now, stay poor. SIBOS was all about blockchain tech for fucks sake.

>>4289622
do you know what the le ebyg gorillion dollar companies think when they hear the word smart contract?
they think its a great way to reduce cost for their stupid ass shit, and oh wait, "we're going to offer you interest for staking/contributing in our "le gread thing" and theres more, if you get your friends involved you will gain an interest bump/instant reward
dont worry we wont backdoor this shit and nor will we use it as a means to collect metadata from your node and sell it to third parties
You can trust us.™

its a literal ponzi scheme once big corporations get involved, they want you to pay for storage, bandwidth, and electricity while they reap all the benefits and you shit in the streets saying "i earned $5 this month with this great smart contract <reference number>"
kill yourself

>>4289739
>muh corporate backdoor
>cannot be trusted
>literal ponzi scheme
ahh you truly are the stereotypical nocoiner during the early days. you basically just shilled why smart contracts are very much needed faggot.

So no one knows what the token will be used for?

>>4289778
no i put money in them as i believe normies will eat that shit up like never before
actually praising them for something they arent is platinum retarded though
and it does nothing to change the fact that there isnt really anything they really can do better than a centralized solution

>>4289847
cp, drugs, guns, human trafficking, piracy, maybe personal cloud storage and communication, nothing that really benefits the places that actually matter

>>4289276
It doesn't need to be. We do it as an act of love.

>>4289279
will you feed my node?

>>4289847
sorry, chainlink token will likely derive its value from taking a cut of the transactions it will process

>>4289279
Good to know you're not a pajeet.