/biz/ - Business & Finance

it's true. stop being stupid n short sighted. get the coin that's gonna be needed by EVERYBODY.

>>4568860
Funny ... I can't think of a single famous name from shovel sellers. Rothschild?

>>4568860
Except every project on the market is possible right now, the only way it wouldn't be possible if the devs were autistic enough to give a shit about "decentralized" data sources, which is a stupid fucking idea for nearly every business out there

>>4568917
t. autist

>>4568917
Everybody point and laugh at this brainlet.

>>4568887
It's a common talking point about the people who got rich during the gold rush you dumb cunt. Can you name anyone who got rich panning for gold?
>...
Retarded pajeet detected.

>>4568945
Yes, Sam Brannan. Well known for being the first to get rich panning for gold. Do you even history bro?

>>4568945
Can you name anyone who got rich selling shovels?

>>4568860
This is unironically true and a great analogy.

THE ABSOLUTE STATE OF LINK BAGHOLDERS

Very good connection here. Hopefully the slightly slower Anons among us can understand this analogy. It never ceases to amaze me how the herd influences the markets despite every truth displayed showing the opposite.

ELI5 version of above comment- LINK = MOON

>>4568860
blah blah

there are many oracle solutions

>>4568917
>which is a stupid fucking idea for nearly every business out there
If trust is no issue then there's no reason to use smart contracts in the first place. If you want to argue that smart contracts are useless then that's one thing, but if there's any reason to use them at all then there's a damn good reason to use ChainLink too.

>>4568860
If they haven't seen the light yet, they are blind. There's no point in trying to recruit, just keep spreading FUD and keep prices low.

>>4568917
the whole point of crypto is decentralization, moron. otherwise you might as well use a standard database.

>>4568928
>>4568934
>>4569038

Keep in mind you retards have been bleeding money through your assholes since the ICO. I mean it's good because now all the retards are easy to identify since they're all holding the same coin

>the chainlink philosophy is awfully outdated and thus project fail to survive in current environment
era of shovels is long gone

>>4569098
>hurr durr everybody bought the ATH

>>4568945
Do you just spew bullshit because it feels good or what?

>>4568928
>>4568934
no, hes right. sure, decentralized is BETTER, but its not necessary. they would only use it if they have to.

do they? no. so they wont. and with no one using it, your link stays low.

>>4569116
you know actually intelligent people can tell you have an 80 IQ right?

>>4569098
what's the matter anon, all out of arguments?

>>4569129
Lmao when did you buy then? 10 seconds ago? Lmao you guys are beyond the point of saving. Look at all the responses to my question above, do you really think any of those answers make any sense at all? If so, I'm honestly sorry for you bro.

>>4569098
Because it was massively overhyped and overvalued. A lot of people holding LINK literally thought a large-scale SWIFT partnership would be announced at SIBOS. The chart reflects the investors' realization that the project was not nearly as far along as they thought.

>>4569141
>they would only use it if they have to
And they do if they want all the benefits of decentralization. Goddamn you fudsters really are complete brainlets.

>Ethereum = chrome
>LINK = HTTP

Except that LINK is an ERC20 token. It IS ethereum.

>>4569168
>do you really think any of those answers make any sense at all?
and thus we return to the old adage: LINK is not for brainlets. you are too stupid to get it. that's fine. more moon mission for us.

>>4569141
If its low it cheaper for them to use than their actual solution

Better and cheaper? That sure wont work out, banks are too stupid to use trustless systems and save money

>>4569197
>It IS ethereum.
And another complete brainlet. Where do you all come from lmao

>>4569197
the token is not the actual product.

>>4569197
that's not how eth tokens work. link is able to be used on btc, eth, and hyperledger chains. and more if need be.

>>4568976
Levi's (the jeans) errupted out of the gold era.

It's a common fucking analogy you mongs, even if you've never heard it before it's not hard to figure out.

>>4568860
The problem is that Chainlink isn't selling shovels. They are selling tapwater.

>>4569224
>Everyone who doesn't hold LINK is an idiot

That's an awfully large amount of retards then, huh? Surely there's no way you linkies are simply wrong about how widespread the usage of LINK will be? No. No way that's possible because LINK holders are the smartest people on the planet

>>4568976
Eli Shovelstein

>>4569262
>That's an awfully large amount of retards then, huh?
That's exactly my point, yes.

>>4569262
>That's an awfully large amount of retards then, huh?
>implying the market is full of intelligent, forward thinking investors

>>4569293
Kek
Loving you bro, keep it up

Catching opportunities on time matters in this market.
Let s catch the upcoming ones.
Searching for D.VA pump

>>4569410
No

CL is the best project out there. Investing in it now and not investing in projects that will outperform link until the main net release is not very smart. Only start buying shovels when the gold rush is near

>>4569561
>timing the market
Sure anon, that didn't backfire once in the history of trading for anyone.

>>4569604
Timing is relative. Safe to say SIBOS sell out was obvious, so is the current situation.

>>4568972
Look up the wikipedia for Sam Brannan, dumb cunt.
>Early in 1848, employees of John Sutter paid for goods in Brannan's store with gold they had found at Sutter's Mill, near Coloma, California...Yet he "owned the only store between San Francisco and the gold fields -- a fact he capitalized on by buying up all the picks, shovels and pans he could find, and then running up and down the streets of San Francisco
>>4568976
Sam Brannan like the faggot ahead of you mentioned.
>>4569137
Read the previous posts and look the term up, fagboy.

>>4569844
no, you cannot predict the near future when it comes to this project. you WILL miss out on the moon mission with this attitude.

>>4569410
Nope.

A

FUCKING

JSON

PARSER

>>4569137
https://www.forbes.com/sites/alanmcintyre/2017/09/26/selling-banking-shovels-in-the-digital-gold-rush/#7f6bf7946b53
I guess Forbes doesn't know shit.

http://www.businessinsider.com/selling-pickaxes-during-a-gold-rush-2011-2
Business Insider doesn't know shit either, huh? Enjoy being a faggot.

>>4568917
motherfucker... do you even Chainlink?

>>4569939
This is most definitely the shittest piece of FUD

>>4569883
I might or I might not, like you said can't predict the future. But hold link now and you miss out on gains now, that's something we can't argue I think

>>4569157
genius linkie virgin < low iq high profit chad

>>4568860
Bad analogy. The ones "selling shovels" are the exchanges, if "gold mining" is just buying crypto, or the GPU vendors, if "gold mining" is mining for bitcoin or whatever.

>>4570011
well what are you holding that is going to moon very soon, mr. genius. enlighten us.

>>4568917
How is "decentralized" inherently better, anyways? I'm sure most of you can't even answer that question without posting wannabe anarchist larp-tier bullshit.

>>4570019
>implying you are either high profit or chad

>>4569262

>2012
>99.9% of the world laughs at the idea of Bitcoin
>SURELY THEY CANT ALL BE RETARDS. ITS STATISTICALLY LIKELIER YOURE WRONG.

>>4570088
This desu

>>4570011
>not having enough capital to hold a decent link bag

spotted the poor fag

>>4570041
It's not, which is exactly why no one has any need to use chainlink right now. If there was demand for oracle services, there would be a lot more oracle coins than just 3.

And I swear everytime I ask why chainlink is *necessary* I get the same bullshit answer that involves some stupid analogy that smart contracts can't run without chainlink, despite no major coin using chainlink or oracles in any way. It's so stupid I refuse to believe it's not a meme.

>>4568860
>>4568883

>>4569129
>do you really think any of those answers make any sense
Does >>4569038 not make sense? Jesus, fuck, how dumb are you?

>>4570129
this. it's called a core position, and non-poorfags can afford to have one.

>ChainIink sells shovels to every project in crypto.
Yeah but
What does the metaphoric shovel even represent?

>Bitcoin is Netscape Navigator
holy fuck
this can't be true
are linkies and Dragon slayers the one and the same retarded faggots?

>>4570132
>no major coin using chainlink or oracles in any way.
that's because major coins barely do anything right now. once they become more developed, they will need LINK.

>>4570035
Pretty much any coin in the top 100 will probably outperform Link, no need to really moon. I'm holding metaverse and iexec in the hope for bigger gains. Ethereum and btc just to be safe

>>4570185
>What does the metaphoric shovel even represent?
the shovel that allows smart contracts to dig data out of the real world. this is necessary whether you brainlets want to admit it or not. every coin that needs outside data via APIs is gonna need LINK.

>>4570144
Decentralized data sources are a stupid fucking idea. Prove me wrong, because clearly he can't

>If trust is no issue then there's no reason to use smart contracts in the first place.
What the fuck does that have to do with Chainlink?

>If you want to argue that smart contracts are useless then that's one thing,
Never argued that, I said ChainLink is useless. Pro tip: It is.

>but if there's any reason to use them at all then there's a damn good reason to use ChainLink too.
Why.

Do you see this? This is the same template answer given anytime someone asks why anyone would use chainlink, some shill explaining irrelevant shit about blockchains and smart contracts and says "since smart contracts are important, chainlink is important". Nothing of substance, but then again, your brains are empty, so I don't expect much.

>>4570206
>Never argued that, I said ChainLink is useless. Pro tip: It is.
you're too stupid to understand that smart contracts are useless without a decentralized data source. if smart contracts rely on a centralized data source, there is no point in the contract being decentralized. we should just stick to databases.

>>4570201
>every coin that needs outside data via APIs is gonna need LINK.
why? byteball has a sports oracle so you can bet on games through a contract. does link have anything specific over other coins or just buzzwords?

>>4570264
> if smart contracts rely on a centralized data source, there is no point in the contract being decentralized.

Why.

Lmao I already know you have no fucking reasoning behind why chainlink is necessary but I'm humoring you. So tell me why would I ever need a decentralized data source over a centralized one?

>>4570309

The argument is that the value of a smart contract is trustlessness, so having a centralized input to a smart contract removes all the value. Chainlink enables the end-to-end trustless smart contract

>>4570309
Data sources will stay centralized, smart contracts may want to use decentralized oracles if they want to make sure the bridge between the original source and the contract is not the point of failure

>>4568860
They CAN be possible.

Now, they would rather use ChainLink instead of other oracles. Is the goal of crypto at the end of the day, being descentralized.

>>4570206
Answer this, why are blockchain smart contracts valuable? Is it trustlessless - being without a single point of trust, do you agree?
If you rely on one oracle, there's your single point of trust. What that oracles says, goes. The smart contract is much more fallible then.

>>4570349
>>4570350
>>4570384
he is a sub 80IQ subhuman, don't waste your time guys

>>4570206
>why
>why
>why
stop whining you faggot, why are you seeking some kind of validation? you already stated chainlink is useless, why do you want anyone to convince you otherwise? you are clearly the smartest one out there

>>4570349
>>4570350

So literally no reason then.
There is no reason to use a decentralized data source over a centralized one other than making some autists feel warm and fuzzy inside.
There is no guarantee to the user that the data is correct and not being manipulated by the operators
There is no guarantee that the data is up to date
There is no guarantee that the data source is trustworthy by the oracles pulling the data

The same exact issues that appear with centralized data sources appear with decentralized ones and are even worse now that you can't place your trust in a single unified platform that can be held responsible for their manipulation should it ever occur.

>>4570384
>Answer this, why are blockchain smart contracts valuable? Is it trustlessless - being without a single point of trust, do you agree?
>If you rely on one oracle, there's your single point of trust. What that oracles says, goes. The smart contract is much more fallible then.

The value of smart contracts have nothing to do with the value of oracles. No one gives a fuck where the data is coming from as long as it's correct. You are conflating smart contracts with data sources.

People care about the decentralization of only one of these things.

>>4570413
Instead of explaining why anyone would ever use Chainlink you wasted a whole post whining that there is someone here who isn't as retarded as you.

Lmao, I'm done here. You linkies have single-handedly pointed out that there is no value to be gained from the stupid shit Chainlink is trying to do other than to make a few /biz/tards happy.
See you on lambola- Lmao oh right, chainlink is a useless token that no one outside of a handful of small-cap tokens will use while it's new and quickly forget about it as they realize it is completely unnecessary.

>>4570206
In order for smart contracts to work for anything other than basic buy and sell orders you need information from outside of the blockchain. You do that with oracles. There is nobody offering a trustless way to get that information on to the blockchain besides chainlink.

>>4570309
Listen, listen to this. Why do we need 25,000 ethereum nodes, keeping track of the same smart contracts, when you can execute all smart contracts on a single machine? Why do we need 7000 copies of the bitcoin ledger, the bitcoin ledger is a data source, why is it not centralized?
Kill yourself

>>4570272
Link does everything. Sports bettinh contracts are 1 such facet

>>4568860
>The dot come analogy
come again?

>>4570511
now I understand why this project is still pretty much under the radar, it's really not for brainlets like many people already said. Go buy dogecoin, should be on your mental level to grasp it

>>4570511
>No one gives a fuck where the data is coming from as long as it's correct.
That's the point dude. ChainLink is secure, cheaper and tamperproof. A centralized oracle can, and I mean can be tampered. The ChainLink network will provide many nodes and ways of verifying the data and making sure it is correct before sending it to the Smart Contracts.

Read the wallpaper.

>>4570511
The node operators will be running Intel SGX so they are not able to "see" the data the provide or tampered with. An estimated 80%+ of smart contracts need oracles to utilize off chain data. No company worth anything is going to trust their data to one party that provides a centralized solution. Centralized = central point of failure. Imagine if bitcoin, instead of being decentralized with third parties mining and in turn providing the network with security by preventing a single point of failure, there was one company or person that held all of the private keys for you. People wouldn't trust it. They wouldn't use it. Decentralized oracles solve this problem, as well as provide multiple sources to pull the same data from to ensure that it is correct and also to prevent from possible node downtime due to external factors such as power outages etc. Any other questions?

>>4570572
I get it's promising all this stuff but all the fancy smart coins envision connecting to data sources. It's possible to make contracts that require paid for confirmation of data from many sources aka decentralized data sources through many coins that aren't valued very highly even though they already have these capabilities promised by link. Seems like a marketing campaign about buzzwords over content like most coins. Can I bet on sports or do something using link now or in the near future?

>>4570511
>you can't place your trust in a single unified platform that can be held responsible for their manipulation should it ever occur.
Wrong. Bad oracles have ruined reputation like bad nodes are rejected from the ethereum network.

Let's say you have to choose a centralized oracle service.
Do you use oraclize or towncrier? Whichever one has better quality and record. Same system applies in an oracle network.

Why don't you just admit you're too dumb?

>>4570716
The point is not the you can't bet on sports right now. It's the fact that using blockchain to facilitate the bets and payments would would faster, cheaper, trustless, more secure. In order for this to work you need oracles. You need Chainlink.

>>4570765
Dude it's simple.

- almost all smart contracts need to pull data from oracles
- centralized oracles are a central point of failure
- decentralized oracles provide security

Can someone screen cap all of this retards posts so we can laugh at him later. Can't on my phone

>>4570781
Other coins already have oracles and contracts can be set up to require confirmation of data from multiple sources. No reason not to use one of the existing platforms to develop actual decentralized oracles providing actual data instead of creating a new coin unless you want to cash out on the hype you can create surrounding the idea.

>>4570878
name these other coins, please.

>>4570878
What the fuck are you even talking about man. Name one of these coins and give an example of how it uses oracles to pull data from multiple streams. You're pulling this shit out of your ass and everyone can tell

>>4570878

>they're just trying to cash in on hype
> team does literally zero hype or marketing

Link FUD has truly reached abject retard tier ITT.

>>4570716
What fucking marketing campaign are you talking about? They're looking to get actual adoption from industry while creating zero hype in this space.

>>4569882
>Brannan's wife divorced him and he was forced to liquidate much of his real estate to pay her one-half of their assets. He died poor and in relative obscurity.

JUST

>>4568976
Levi's, Nordstrom, all the old money in Seattle and San Fran basically

>>4570897
I already mentioned byteball. Qtum also promises trusted oracles and already has lots of crazy stuff like evm interoperability. You could implement decentralized data sources in eth even and probably a lot more coins.

>>4570984
Brannan/Brendan/Brandon is the most beta name

Every one of them gets cucked

>>4570716
And no you won't be able to bet on sports with LINK dumbass. you obviously don't know anything about it. It's used to pay node operators for data that other blockchains will then be able to utilize in order for your stupid ass to put your allowance money on a sports bet

>>4570999
k well the difference is that LINK works for btc, eth, hyperledger, and potentially more blockchains. projects won't be forced to use something stupid like byteball or qtum.

>>4570999
Holy shit you actually are retarded. I don't even want to waste my time telling you why you're dead wrong

>>4570511
Wow, you clearly know more than those losers at SWIFT, not to mention the REQ team and oh yea all those fucking publications talking about trustless data sources and mentioning smartcontract.com/chainlink by name. You should email them about your findings so they can save face.

>>4570999

>You could implement decentralized data sources in eth even and probably a lot more coins.

Yeah, and do you know how you'd "implement" it? By using the ChainLink oracle network, LMAO.

>>4570999
Idk why I'm even responding to this but byteball uses a centralized Oracle for their data feeds. Nobody fucking uses byteball by the way.

Qtum just launched their barely functioning blockchain let alone smart contract capabilities let alone decentralized oracles. And even if they did, nobody is going to use qtum anyways. Qtum is an absolute shit-show and you know it.

>>4571115
And let's not forget byteball isn't facilitating trillions of dollars per day in currency transfers with market data plugged into it or monitoring high value insurance contracts.

>>4571033
To accomplish that the btc holder that wants to use the chainlink data source has to convert his btc into link to pay. For that you need some sort of exchange middle man. Same deal there, the problem isn't that the technology to do that doesn't exist, it's hard to implement because of the details involved. Just saying "link will magically provide all these layers between services" doesn't sound credible.

>>4571115
>Nobody fucking uses byteball by the way.
Part of my point, it has all these features already but no one cares. Maybe someone would if there were actual payment gateway, exchange and third party api sources but the hard part is not providing a platform to able to do so but to actually do it.

>>4568860
Wrong and retarded

Just went all in. I'm so fucking comfy right now I can't even

>>4568860
I'm accumulating on coss

>>4571185
wow. i would tell you to read the white paper, but i doubt you would understand it. suffice it to say, you have no idea how LINK works.

>>4569561

This is probably true, but I'm comfortable having a nice bag of LINK, not going all in yet, and playing the game until its time draws nearer.

>>4570191

iexec is just as speculative on its timing as LINK is.... and also around its floor like LINK. LINK and RLC are my fav projects btw. Good tastes, anon.

>>4571185
Ughhh dude I cant spend all day explaining why you're wrong. If you don't see ChainLink's use then don't buy any LINK. Fair enough. I on the other hand do see it's potential which is why I have over 200k LINK. Let's just agree to disagree

>>4570206

You're retarded. I guess you know better than the analysts at a 15b revenue/year IT consulting firm?

https://www.capgemini.com/consulting/wp-content/uploads/sites/30/2017/07/smart-contracts.pdf

>>4571280
The relevant part about how to decentralize sources just talks about using multiple sources like I've been saying, there are platforms available for doing that. But it's hard to do for all these different types of services when most coins can't even implement one source for them.

>>4571321
Ït sounds great on the surface, I want to be convinced why I should buy it. Why am I wrong?

>>4571366
holy

>>4571392
>But it's hard to do for all these different types of services when most coins can't even implement one source for them.
yes, it is hard. a solution to make it easy is ChainLink :^)

>>4568860

People are loading on up LINK as we read this

>>4571261
>I'm accumulating on coss

>>4571414

Ctrl + s "Sergey" in that pdf from CapGemini.

>>4571366
That was a good read man thanks

>>4568860
>own http
>free software

>>4570999
You must be a Richard Heart podcast viewer. Yes byteball has an integrated oracle, so will other coins but the thing is high value use cases like financial remittances and all other cases that are high value will want a decentralized oracle network because of the security.

It's too bad sergey's philosophy is using his $32M to eat big macs all day while playing tam tam on black BBW booty cheeks, if it weren't for that I'm sure LINK would be doing great.

>>4571392
the point is that if you don't see the need for an "broker" software that acts on behalf of the block chain, connecting it to other world data, there's not much we can do for you.
Chainlink might not have the answer. Aeternity hasn't quite either.
The bet here is that any number of the coins, networks, and systems that might arrive over the next year will do that.
Amazon, paypal, and every other online business will have the need to verify a package has been delivered and will like using smart contracts to distribute funds. Whichever service that finds a way to do that seamlessly, will be valuable.
I can't advocate to go all in on link, but you should be investing in each service that proposes a solution for this. The one who comes up with the best solution will 100x, each of the smaller ones will 10x at some point in their lifespan. If only 10 coins attempt to solve this problem, hedge your bets, you'll still come out 80x in the green.

>>4572021
I'm not aware of any real contenders for this beyond Aeternity or Chainlink, I think LINK has a better shot but I plan on holding both regardless.

>>4568917

>wanted to help the ChainLink project
>submitted my resume to Sergey
>it's probably on the floor below his desk, covered in Big Mac sauce

>>4568945
yeah Scrooge McDuck got his first wave of riches off mining gold
ffs everyone knows this

>>4572083
reminder Aeternity is an eternity away from being competition in the oracle race

>>4568860
I love delusional linkies who still haven't told me how their technology works or gains value.
Just: "We will do what millions have tried before, only it will work this time, we promise!"

>>4572127
IMO they seem like an strong competitor, reminder that we don't even know if Sergey hired more than one dev.

>>4571062
SWIFT has them doing a PoC, that's it. getting a PoC engagement with a large org is easy. getting a real partnership is a lot harder

>>4568860
AAAAAAAAAAAAAHHHHH

RIP

>>4572187
it's on sale, keep accumulating

>>4572268
Its been on sale for a while. So cheap its crazy.

>>4569036

metaverse etp has 60 team members and eric gu

>>4569939
What else are you going to parse? XML?

>>4568917
kys literal retard

>>4568887
>Rothschild?
No, they had a faster courier than the English monarch.

>>4570041
Because oracles are like resturants. CEntralised is eating at McDonalds with n choice in the matter for the rest of your life. Decentralised is being able to eat at the one of your choosing and whichever one is the flavour of the month. People pay big money to eat at the best restaurants. XRP is McDonald's. It will be successful but it will not be where the big boys chose to eat the majority of the time.

>>4568860

Really, cause everyone is out there mining gold and we seem to be fucking our anuses with shovels. Fuck rory, fuck sergey, fuck that i ever heard about this project. these silly fucks can't even do us the courtesy of telling us anythnig about their project because there's too many ndas. i dont believe that. they lied about how far along the project was.

we only found out like a month ago that they actualyl need to rewrite the whole fucking project. who lies like that. sergey nazarov taht's who.

>>4574185
They aren't rewritong the entire thing. Theu are merely convertong it to go because it has more uses that fit what they need. Its like converting a textbook written in arabic to english so the general public can use it vs just those who can read arabic.

>>4572268
>>4573218
hype means everything in crypto market, so i find it pretty impressive that LINKs price is staying at the 18 cents level anyway. zero marketing, barely any in depth communication with the devs...IF they can deliver shit's going to explode, but that remains the question of course, is that 100k stack i'm holding going to turn me rich as fuck, or is it going to stay in this "vaporware limbo" forever, and end up digibyte tier.

>>4575103
>and end up digibyte tier
Fuck, do you understand what being digibyte tier means? Digibyte even performed better than LINK. It reached a marketcap of $500m ffs and has a higher marketcap than LINK currently.

This might be hilarious and stupid and expose how little this anon knows about oracles and smart contracts:

Would chainlink have any impact on digital ownership? Like being able to verify a decentralized collection of digital magic cards or some shit like that?

>>4575103
>impressive
>not going up... ever
>i have complete faith
> i didn't waste all my money, right?

>>4575120
last spring every stupid alt mooned hard, probably had little to do with the fundamentals of the digibyte project.

>>4575164
that's what buying the rumor means, buddy. chasing green candles gets you nowhere.

Am I going to make it with 10k LINK???

An oracle
>a source with a certain reputation and trust level providing data on a certain subject. By definition corruptible.

You see, the oracle problem is one of those unsolvable problems, or really, it's a red herring. If you need specialized/proprietary data, you will have to trust some specialized source, and you accept that there is a non-zero chance they provide erroneous or false data. IRL, (contract) law and insurance are your backups.
Now think real hard... WTF would a decentralized oracle be? How can it provide useful data? How could any serious business trust a bunch of unknown nodes more than a known entity which you can at least sue, or have a track record of? Try to think from a large corporation's CFO/CEO's perspective....

i get that chainlink serves as an oracle, which makes it possible to obtain decentralized information for one's smart contract.
but i never really understood how chainlink obtains this information in the first place? what makes it decentralized?

>>4576237
>>4576276
lol didn't read this post beforehand.
exactly what i was thinking.

>>4570041
>>4568917
Decentralization is what makes crypto so revolutionary.

How can you be so clueless lmao.

>>4569036
>>4573249
All of them centralized and/or tied to a proprietary bockchain.
Nice try, but no.

>>4570206
>>4570511
You sure put a lot of effort into something you're so sure is useless.

Meanwhile here's a list of players who don't think it's useless:
Swift, AXA, Sony, BNP Paribas, Santander, Barclays, World Economic Forum, Capgemini, Gartner, IC3, etc.

Forgive me for valuing their opinion on Chainlink over yours.

>>4572165
>getting a PoC engagement with a large org is easy
Then go ahead and do it faggot.

>>4571185
>To accomplish that the btc holder that wants to use the chainlink data source has to convert his btc into link to pay. For that you need some sort of exchange middle man.
Lmao.
You REALLY need to do a little bit more research on what smart contracts do.

>>4568860
>don't need chainlink now
>will suddenly need their crap later
Really makes u think!

>>4572165
>SWIFT has them doing a PoC, that's it.
See pic.
Swift says ISO 20022 is "the bedrock for global interoperability".
In other words: the future of global finance.

And Swift is listing the Chainlink PoC as one of the major examples of ISO 20022; right alongside some of the very biggest projects they have ongoing right now, like GPI.

>getting a PoC engagement with a large org is easy
AAAAAAAAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>4576880
Source on that pic btw: https://www.swift.com/file/45401/download?token=1SlvZHKA
(direct PDF download)

This is from after Sibos.

> shiternity requires everyone to build on their blockchain
> chainlink works with every single blockchain out there
right...

>>4576960
Aeternity only works for the Aeternity blockchain you dense motherfucker. Plus, they are even more behind than LINK.

>>4576967
Good goy, parrot what I say

>>4576237
>>4576276
You have poor understanding of what Chainlink actually does.

See pic. Variations of it made up half of Sergey's Sibos presentation.

You not only have various steps with a variety of different contributors (banks, S&P, Swift, ...), but you also have lists of multiple contributors (that list of banks on the left supplying the same kind of info).

If every party to this transaction used their own oracle solution, nothing would get done because the other parties would have no reason to trust any of those proprietary oracles implemented by those other parties.

If every party to this transaction used a single trusted centralized oracle, you'd have a single point of failure and a single target for tampering and attack.
You'd also have a very powerful central unit that would have all of the parties by the balls when it comes to pricing etc.

Decentralization is the only way.

>>4576998
That's all great but in the terms of price, this will be one long baghold.

>>4577051

Why? it has like a 50 million market cap with essentially zero signs that the project is moving along at all. Once the team starts doing anything at all public facing (they are hiring marketers according to rory) it's got quite nice bump coming.

>>4568860
And yet forever 15-18 cents when literal shitcoins are for few bucks

give me one reason why eth wont make its own oracles for the ETH platform

>>4577137
Even literal shitcoins have higher market caps nowadays and you guys are calling this the future top 5 coin.
A long list of banks mentioned along with Chainlink yet it's not even on the front page of CMC with PotCoin in front with a higher marketcap.
That's embarrassing.

>Once the team starts doing anything at all public facing
That was my point, "once" is a very long time from now from the looks of it because the team is literally two autists and only one of them is actually developing the network while the other does nothing but travels around attending conferences that do nothing for the project except further tank the price.

This is so dumb. There's thousands of oracle projects that aren't chainlink and came far before chainlink. Bitcoin smart contracts were using oracles like half decade ago lmao. Every chain has countless oracle projects now - e.g. OracleChain

>>4577180
that could be said about every ethereum app

>>4577262
yeah but the linkies pretend like oracles are the holy grail in crypto that will rake in the normies
when in reality its just something that already existed and "could" be replaced any second

Guys, all technical stuff aside (Link isn't useless, i would go so far and say that everything before it was just playing around) we shouldn't forget, that Link is already in bed with the banks.

>>4577229

And those literal shitcoins actually have twitter pages promoting them that make people think the project isn't defunct. That's literally all it would take to double the price of LINK. Any actual news and we've got a mini moon.

I repeat: Rory said they are hiring marketers. They will start posting on DAY 1 and start building more substantial marketing collatoral after that. The price has a long way to run without even getting a functioning product running.

>>4577308
>Any actual news and we've got a mini moon.
Every time it moons, it gets dragged back down to 2k by all the bagholders.

>Rory said they are hiring marketers.
He said this almost 2 months ago, I asked him 3 times already(and so have others) if there's any progress on this and he ignores my question because I see him answering some other stuff afterwards, it's really funny.

So glad I sold my LINK, this is the worst behavior from any community manager I have seen in a long time.
Maybe I'll come back in 3 months when I multiply my Bitcoins with other more serious projects. I suggest you do the same.

Looking up this tolken stuff now, this is all just extra data piggybacking off ETH transactions, right?

So what purpose does it solve? Other services can be abstractions of link which is an abstaction of eth?
What's the fucking point?
All this chuuni bullshit "Pwojects of da future!!!?!?!xdxd11" meanwhile anyone else starting a serious project just creates their own blockchain.
Just like >>4570201
>>outside data
but not shitposts

More access because other people are using it for other shit?
Just fucking make your own chain and realize just how bad shit's gonna get when the eth blockchain hits 3TB and like 10 people bother serving it.
Look at bitcoin, way back when, hundreds of thousands had the full node, I had the full node, now, less than five thousand

Give me ONE FUCKING APPLICATION this is applicable to, ONE TASK THAT CAN BE PERFORMED
Solving problems that literally don't fucking exist

>>4568945
>Does link have a patent on "shovels"?
Didn't think so.

>>4577360

Unoriginal FUD talking points. Try harder.

>>4577180
>>4577279
You're absolutely right bro.
Bye.

>>4577360
>Give me ONE FUCKING APPLICATION this is applicable to, ONE TASK THAT CAN BE PERFORMED
Ask Swift, AXA, Sony, BNP Paribas, Barclays, Santander, ...

Dumbass.

>>4572155
>https://www.capgemini.com/consulting/wp-content/uploads/sites/30/2017/07/smart-contracts.pdf

Or your lying, or your reading/understanding is severly limited.

>>4577431
So, was looking for a single post in this thread that knew what it did, still no answer.

(Something tells me you all drank the kool aid and don't even know what the fuck this does, but you see these big companies talking about it and think "Yeah, sounds awesome!")

And back in my day we used private databases for everything. Fuck, we still do.
Fancy that

>>4577455
>The fucking report is literally called "Getting from Hype to Reality"
ANON
ANON MY SIDES
FUCK YOU I WANT MY SIDES BACK

>>4577756
Which explains that smart contracts are nothing but hype without a decentralized oracle like LINK you stupid fucking brainlet. It needs LINK to be a reality

>>4577455
Few pages in, now tell me anon, why does any of this depend not on a blockchain, but on a system piggybacking off a blockchain?
TO ME, IT JUST LOOKS LIKE NIGGAS GOING "KNOW WHEN WE HAD TO FAX SHIT? YEAH, DAT SHIT SLOW, NOW EMAIL FASTER, BUT IMAGIE IF WE WEN T FTOM FAX TO EMAIl, BUT INSTAD, FROM EMAIL TO SMART CONTRACKSS???!?!?"
My car insurance is all online, not a single piece of paper sent, and emails where a technicality.
If they can do all that shit using their own website and private system, why do they need to be using some system like this? Where is the need to have the same backend as everyone else? What benefit does it bring over just having your own databases?

>>4577794
Is mySQL not hipster enough anymore?

>>4577360
>Being this incoherent
Say you have invaluable financial data. You find out about smart contracts, but that's not interesting. You find out about untamperable, trustless smartcontracts and now you're interested.

Then you have invaluable data you want to use with smart contracts, but the only way to use that network is through a third party. This third party hasn't built a reputation of reliability yet + their network is tamperable. This brings in too much risk.

Now you hear about a TRUSTLESS and UNTAMPERABLE third party you can use, that is as secure as the trustless and untamperable network of smartcontracts you want to use.


One use case of LINK is to securely integrate existing fintech into the blockchain, or integrate blockchain into existing fintech.

>buh-buh-buh NOBODY IS USING IT YET

True. But then what the fuck is the point of investing into something that's already priced in? Just use a bank account if you want a riskless place to store your money.

>>4577836
>mySQL
You're obviously trolling at this point.

>>4577836
i remember this meme from the early LINK days

>>4577809
You could make money selling your data or service for use in the smart contracts. Link clearly could be very useful if it delivers anything close to what it promises. I just have a hard time buying that it will. I also hear stories about ~65% of the coins being owned by the lead dev or something?

>>4577836
So anon tell me, how much discount do you get at amusement parks with your kind of retardation, 50% or the full 100%?

>>4568860

WE ARE LIVING IN THE BEST TIMELINE EVER!

>>4576880
at my previous startup, we did PoCs for IBM, GE, Dell, among others. in the end they all went nowhere

>>4578462
nice larp faggot

if link is open source why cant everyone else fork it for free?

re: Town Crier / SGX, how does LINK verify that you're running SGX hardware and not just pretending to?

>>4578604
because, like bitcoin or ethereum, the value is in the network

>>4578747
>the value is in the network
>in the network
why are you buying worthless tokens then?

>>4578940
>people eat fully grown plants
>why are you buying worthless seeds then?

>>4578979
>making a false analogy is answering the question
If it's open source
and anyone can make a token that is compatible with the network
what makes you think that the chainlink token is the one that will get adopted, if this even takes off?

>>4579018
your question is applicable to all of crypto. its all open source.

>>4577738
>Something tells me you all drank the kool aid and don't even know what the fuck this does

Go look just a few posts above the one you replied to.
You raging newfag.

>And back in my day we used private databases for everything. Fuck, we still do.
>Fancy that
Yeah, and how many smart contracts got concluded?

>>4572155
Nobody owes you any explanation.

>>4578462
How many did you showcase at something like SIBOS?

Link was the ONLY external crypto developer to do a PoC for Swift, and the ONLY external crypto developer to get to showcase at Sibos.

>>4579018
>anyone can make a token that is compatible with the network
Impossible.

>>4579286
fair enough. is there a recording of this presentation?

>>4579319
No, but Sergey did release the slideshow he used. It's out there somewhere.

Variations of this pic: >>4576998
made up a large part of it.

>MFW shills try to push their bags on me

hodling BTC ETH XMR LTC is literally the safest bet for long term gains

>>4579500

normies reeeeeeeeeeeeeeeee

>>4579500
As if your lunch money would make any difference anon.

my one major issue that i'm currently evaluating is: bitcoin and ethereum more are stores of value. LINK is payment for providing a service (performing an API call). so it needs to be evaluated more on a cashflow basis rather than comparing against btc/eth marketcap. thoughts?

>>4579413
lot of slides like that were in the SF Ethereum Meetup presentation he gave

>>4579657
>thoughts?
Link will also be used for staking by nodes.