/biz/ - Business & Finance

>>50153429

Trading stocks trustlessly, permissionlessly, from places that don’t have access to the NYSE or proper banking to facilitate such trades, also less fees for people who trade smaller size in places that do have access.

or this one to whats the usecase for this price feed?

>>50153476
I'll give you a hint. Group 1A assets:
>https://www.bis.org/bcbs/publ/d533.pdf

Can anyone explain to me the usecase of price sneeds like pic rel

GAMBLING
GAMBLING is chainlink's only use case.

>>50153429
>>50153476
pretty simple, to join chainlink nodes you have to be "vetted", that means you have to be an insider, and they are washing millions of dollars for so called "jobs" through shell company cherry picked nodes. exhibit A- gypsy from romania with 300 followers on twitter is one of the most popular nodes, and he earns millions of dollars in rewards through chainlink. those price feeds have zero real world usage, they are all scams in plain sight.

Doesn't mean LINK can't pump into double digits again, because hey, this is crypto :)

Can someone please post lots of fud in an attempt to prevent people from buying Chainlink (ticker: LINK) tokens

>>50153600
so once staking comes out it means i can get in on this scam and earn a yield from them washing money?

>>50153506
this is huge and most people here will not even open or read that document and fewer still will understand it

i am looking forward to normie tier boomer money managers working as wagecucks having to adjust to the volatility and ever presence of a 24/7 trading environment
they'll go nuts over muh gov protected weekends

>>50153429
See: gains.trade

Delete this thread right now

wtf you were not supposed to talk about this. delet

>>50153429
It protects against the manipulation of time weighted average price """"oracles"""" that have no knowledge about the market at wide and therefor pretty easily attacked; would cost currently 500 Million to fuck over one of the biggest uniswap pool, peanuts with flashloans, dont ask me why nobody does it

>>50153429
>>50153476
They are for building decentralized derivatives exchanges.

>>50154476
because that would fuck over the same people that hold those assets. Miners would never mine a transaction like that...

>>50154586
I mean there are ways to not let miner see what they mine, until its too late through a relayer, saving fees on obfuscating intentions.

>>50153860
Yeah the whole "For cryptoassets to retain Group 1 classification the bank needs to demonstrate that the market value of the "real" asset and the cryptoasset remain close to parity "on a daily basis"" really gets the old cogs turning"

>>50154709
99% of this board has no idea of the implication of this and i am not going to spoonfeed them on this, there has been more than enough of that already

>>50154854
The implication is that banks will have to use link to continually fetch the prices of the cryptoassets they hold as reserves?

>>50154634
Didn't know about relayers, thanks anon

>>50154881
happy hunting

>>50154854
don't care about breadcrumbs anymore
when will any of that shit finally materialize

Getting pretty comfy rn

just defi scams
no real use cases other than gambling

>>50154881
That BIS document basically sets out how banks are going to treat crypto and it lumps all of existing crypto into Group 2, which has much stricter rules around how much banks can hold, what they have to hold as collateral, whether they can use it in lending etc etc.
The requirements are insanely strict and a pretty strong impediment to any but the most enthusiastic bank from investing in crypto in its current form.

But they also set up a system for Group 1 assets which is crypto tokens that represent a real world asset. A tokenised stock, for example. These tokenised real world assets are treated much more generously, basically having the same laws as the real asset has. One of the requirements for Group 1 asset classification is that the bank must maintain a "monitoring framework" that ensures that the price of the real world asset, and the price of the tokenised version of the asset, stay close to each other.

I know of one piece of technology that is particularly well suited to this.

>>50155198
>>50155198
>I know of one piece of technology that is particularly well suited to this.
me too
>https://tokenized.com/

>>50155349
>BSV on the main CTA image
stopped reading right there

>>50155450
stay poor linky, you can still invest in the real 4id

>>50153429
just buy KENSHI. anything the jannies censor is bound to moon.

>>50155198
This is the real alpha right here

>>50155198
It isn't LUNA, is it?

>>50155638
there are two possible scenarios:
1. BSV is a shitcoin, wright is a scammer and I made the right call
2. wright succeeds in his threats, crypto shows that it can be taken over by a schizo lunatic through corrupt courts, people lose faith in crypto and everything goes to shit

either way, I'm not touching BSV

>>50153429
Synthetic stocks

kenshi is a scam

>>50153429
>>50153476
Why does anyone need the token if I can just see the feed here?

>>50153768
lol
why would you think they'd let you in
the whole point of the con is for friends to profit

WELCOME TO THE CRUMB ZONE

ONLY CRUMB INSIDE ANIME GIRLS

>>50155887

>>50153429
One (1) DeFi leverage trading platform is responsible for 99.7% of Chainlink traffic, holy kek
Seems like barely anyone gives a shit about LINK

>>50155662

>not buying Kenshi
Not going to make it

>>50155998
*on polygon

>>50155875
This. A simple web request is all that’s sneeded.

The big issue is the employees who have stock options that are now worthless.

What did he mean by this?

>>50155111
Checked
But also this >>50155053

>>50153429
wow, an actual breadcrumb thread

>>50156110
he means that alot of tech bro types who get paid mostly in stock options took a haircut since everything is down 30% this year

>>50153860
>>50154709
>>50154854
Proof of Reserves. I guess a lot of people missed the nice thread laying all this out a few days ago, with regards to 1A assets and 'will need some kind of proof of reserve" copywriting. I guess the same people missed the thread some months ago outlining the paper by Bank of Chicago if I'm not mistaking describing the proper development of a U.S. CBDC which was authored by, among others, some professionals who are under Sergey's payroll.

Considering the actual weight of the things that we know Chainlink is heavily involved in, this business with Nexo/Bancor/Celsius etc. is going to look extremely blown out of proportion. The truth is Sergey had a hard line on open / fair / equitable access to opportunities in the space and allowed these entities in different capacities to have the chance to be early, but they chose to be greedy and exit. Some will be bailed out, some will be cut out of the future of finance, and unfortunately the perpetrators will probably walk relatively free with their ill gotten gains - such is the life in this frontier.

>>50153557
yes but when very rich respectable and responsible seeming people with suits gamble other peoples money, its called investing. And there's a lot of money in investing.

>>50155745

>>50153429
Finally some good link thread

>>50155198
Compliance oracles, messaging, settlement, ccip, steak the only question that remains is black sf90 or matte black sf90?

Do any of you anons think link can hit triple digits within the next 2 years?

>>50160318
not really even though i know a lot of people want it to

>>50160318
probably not

>>50160318
Do you not read white papers of projects you’re interested in?

>>50158798
What are you trying to say? Just say it. Stop dancing.

>>50160318
It'll probably hit $100-$150 and then get suppressed again, but there will be multiple daily threads calling for $300 to keep you holding while the prices goes back down to $15.

>>50160318
No. Simply put, the market will only react to extremely high buying pressure. To date the only fierce fucking LINK move was the Google blog+Coinbase listing back to back. Even the $50 climb was just being pulled by BTC/ETH.

LINK would have to have Tim Cook come out on stage, whip it out, and announce CCIP will be used in iOS. Or that Microsoft Office uses DECO for identity signatures/document verification. Something to that effect. Otherwise, so far, nothing that Sergey has barfed out of his fat mouth has caused the masses to buy, en masse

>>50158798
Link to thread? Can't find it reeee

>>50160397
You should be made aware that lying is a sin.

>>50160414
He said it. Faggot

>>50160633
In the post-lie world powered by chianlink kikes like him will have nowhere to hide.

>>50160318
You want an honest answer? I think getting back to $25 might be a long shot for the next two years. Maybe $30 if you’re really lucky.

>>50160633
Yet again a wild far right Christian appears. You LINK holders are all the same with your racism, fanatical Christianity, and antisemitism. Even if Chainlink were worth a shit (it’s not), I wouldn’t invest purely because of its repugnant community.

Let that sink in.

>>50160710
>>50160561
>>50160388
>>50160345
>>50160502
>1pbtid
We will hit 3 digit link this year. Checkem

>>50160757
Denied

>>50160750
They do say: niggers, Jews…BAD NEWS!

>>50160750
I am impressed by your dedication to poverty.

In other news if the price doesnt move in 6 weeks I have to sell or become homeless.

>>50160757
7 is lucky

>>50160397
read the 2.0 white paper

>>50153658
this
the thread is dangerously low on fud

Reminder that synthetix had amazon and microsoft (among others) synthetic stock tokens years ago using chainlink oracles and they got like no volume. Albeit they were on mainnet at a time when transactions cost hundreds of dollars

>>50155951
What is "loss protection" expected to be?

>>50153429
No Fucking use case that I can think of!

>>50160318
$50-$60 range would be impressive.
$100 in 2025.

>>50157250
No it's just a faggy thread. Chainlink wouldn't be needed if blockchains just simply allowed you to do http requests. Honestly blockchain is pretty gay you can't even make promises or anything no way is this shit going anywhere

>>50161352
they got in trouble with the SEC

>>50161421
insurance

>>50153506
So I get what you're saying here. But my question to you, and others is: what is a realistic price for chainlink in the future when this scenario is a reality?

With BTC it's easy to calculate because you go 'well just convert a good % of total money into BTC as the marketcap' and you can see one six figures plus would occur. But the link token itself is just used to stake for validators. So those who validate want more link so they can get revenue from price feeds and so on. But wouldn't the incentive to buy link, at that time, be somewhat removed? It's not like they need to buy my token to do so--they likely will already have large shares by this time. Or is the value in just a greater return of staking $?

I see the value in link, but I don't see it being something that will be worth like $1,000.

>>50162129
Tokens will be staked to nodes that participate in DONs. The tokens are also used as a form of currency to provide decentralized services to smart contracts. Congratz, you now have a yield generating asset that is based on truth and is a form of currency. It doesn’t get much better than that.

>>50162001

>>50162261
Sure, just wondering what a realistic value is in a world in which they are the #1 service provider for these. Also, is it better to buy LPL than link?

You did stake your LINK stacks on loveloot for that 200% APY didn't you anon?

>>50162571

>>50162561
as the number 1 provider, realistic value is $81,000

>>50162602
so a MC of 40,500,000,000,000.00

>>50162633
read the citi report
a MC way above btc's (even crypto as a whole) is realistic and, frankly, inevitable

>>50162129
So I says to Ranjeet I says, you can't shit here.

>>50153885
This. It accounts for a far bigger portion of chainlink use than you might imagine. Most undervalued project out.

>>50162654
If that was even a little bit true you wouldnt be allowed to have any.

>>50162654
>frankly, inevitable
I don't know whether to laugh or feel bad for you retards

>>50162710
Noone here will have any while simultaneously being alive in 10 years.

>>50162833
Thats some monkey paw's shit.

>>50162856
Goddamn Pajeet and your silly woowoo witchcraft hysteria. Actually I hope you are cursed. I curse you!

>>50162879
Jokes on you Im a vishnu that was put here to curse /biz/

>>50153557
Literally the entire financial market is "gambling" according to this logic lol.

>>50161256
God damnit and here I was hoping to have an asset to hedge inflation so I could keep buying coffee; selling everything now.

>>50161256
>read the 2.0 white paper
You mean the shadow fork Dark Link white paper?
No, thank you, OGs know the original white paper is still 100% in play.
The removal of the coffee verbiage in the shadow fork Dark Link white paper is irrelevant to the actual LINK token.

>>50161421
they will mint gorillons of tokens if the price decrease too much so you can be compensated

>>50163408
Kek

>>50155998
Based, this is now a GNS thread.
Séb is the new Sergay

>>50163388
Today I paid 7.5 for a grande cafe
Link is undervalued

>>50153429
>fatbum
Kek

>>50162129
>what is a realistic price for chainlink in the future
When in the future? 2025? 2030? 2050? The price changes month by month, week by week. I couldn't even tell you the LINK price tomorrow, so what is a "realistic" price years away? Will we be in global depression? Recession? Golden smart contract bull run? Everyone talking about LINK? Nobody talking about it?
Why are you even trying to calculate a number? We're talking about world changing technology, a literal restructuring of the fundamental infrastructure that powers the entirety of global value transmission. How would anyone even pretend to stick a number on that?

>>50164023
I can't be bothered to answer these guys anymore. Always some anon giving some nice alpha and gorillion npcs show up "HOW MUCH EOY"

>>50162710
Why do you think these ((guys)) have had a nonstop fud campaign since ICO

Bump

>>50164075
Its not a how much eoy its a question of how much is one link worth as a fu ftuonal asset. Now it's speculative. It has zero use. Bitcoin as a function asset is calculatable. If you can't calculate its value as a tool you don't understand your investment at all.

>>50166457
There are plenty of charts and calculations but we will see more data when the network is at use

>>50164268
While managing to get their biggest retail holders to fud their own bags

It's over for Chainlink (ticker: Great Reset)
Here is the WEFs and Schwabs right hand man "Doctor" (((Yuval Noah Harrari)))

https://youtu.be/VZP5lIzGNT8

In your fear and uncertainty it will be tempting to put your trust in some person or group who emerges and claims to have a "way out", which will involve sacrificing some of your liberty. You must resist this urge. These self‑proclaimed saviors may appear in many forms, under any number of banners: "intellectuals", "influential people", "progressive thinkers", "billionaires", "the UN", "the EU", "self‑selected multinational coalition", "global leaders", "world governments", "radicals", "revolutionaries" or some combination of these. They may appear charismatic. They may appear to have your best interests at heart. They may stand united, arm‑in‑arm, proclaiming "We know the way forward", advancing some form of "people's revolution" or "Global Reset" where "you will be in charge", hawking various "‑isms" and promises of a better tomorrow. These people are not your friends. They are not to be trusted. They are the same global banking elites using the same fear tactics, shilling the same magic potions and snake oils as always. They want only one thing: power.
https://www.youtube.com/watch?v=Cieu5nDDssc

>>50166502
they're all useless
>muh tech!
Idgaf, price is literally the only thing that matters

>>50153429
money laundering through friends

>>50166457
it has 0 use ! yet at the top you can clearly see a price feed generating rewards...

The vindication of stinky linkies will be sweet. To all you faggots spamming TNN or No usecase or Price suppression fud I sincerely hope you get left behind in the dust and liquidated for your entire measly portfolio. Out of the entire market not a single other token is primed to make a run besides Chainlink. People have been talking about price suppression since 2017/18 and yet EVERY SINGLE YEAR Link has made consistent gains AGAINST THE MARKET.

We ran up to 20 dollars from 2 dollars in Aug 2020 before any of the dogcoin hype, before the NFT hype, before even the Elon Musk BTC hype which drove the last bullrun. And the same thing is going to continue happening, where Link tears up against the market out of nowhere and revives the hype. Everyone knows this is a Chainlink board and no one who fuds it is actually being serious.

This time I think it will reach somewhere around 80 dollars within 1 month of the pump starting.

>>50167992
It's true. All of it

https://www.youtube.com/watch?v=0KuGAUuoNFo

>>50167613
minting a random cat costs about 20 link
feeding a keeper to operate a price prediction game costs 10 link/day

>>50167992
>>50168169
when will this happen around end of smartcon?

Not sure if larp or not but apparently hes a dev and says ccip is close to be finished.
https://twitter.com/planbsdad

WAGMI

>>50166457
>It has zero use.
What?
The token has been used for literally every single on-chain transaction since day 1 of mainnet.

>>50153429
It means you're never getting your money back.

>>50167992
I only have 100k Link which is nowhere near enough to actually make it.

All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda. It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump.Link is only going to $50 max. Right now I might make 5MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 700K into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 10MM, but more likely 15MM to make it. The upper predictions for Link were about $80 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity. All of that isn't going to happen.

>>50167992
>Out of the entire market not a single other token is primed to make a run besides Chainlink
i am as much into link as you but this is a downright lie, both link and eth will be in direct competition with each other and have similar deployment dates on their tech
the narrative for the immediate future is non ponzi real yields on crypto and yes also eth is going to give holders this combined with everything that happened the past 2 years the eth/link charts will be used as prime fud in the coming months
and eth might outperform in the short run but link will win out
now if money skelly again fails to deliver the merge then link really is the only narrative in town

>>50168421
i remember when this fud was created here, it tries to stop people from buying in thinking its already over for them
you have to be quite stupid to believe it, you need to lower your numbers by a 0, people that fall for this don't have 600k lying around thats already a fortune for them, they probably don't even have the 60k to get a suicide stack right now
you have to fud the people who are thinking of throwing in a couple of 1000's so cut a zero off your numbers

>>50168818
kek I remember when the "10k is a suicide stack" fud was created, literally right after the google/coinbase pump and retrace, og's started panicking that newfags would still be able to get in and attacking the project's price action and fundamentals wasn't really effective anymore, so they had to just convince you that you'd never be able to get enough. 1k suicide, 10k make it, always has been always will be

>>50169386
and now look with this recent dip, do you have any idea how many true anons here acquired or are acquiring big ass stacks right now via moving their eht/btc gains into a heavier link allocation, i am happy as fuck with the current price action

but even so you really have to be a complete smooth brain to fall for it, all gains are a percentage value and gains are gains there exists no priced out for fungible assets
but then on the other hand the average newfags intelligence is really depressing so who knows maybe it works

>>50169386
when was that pic made btw: smart contract platforms into the 12 digit MC's? that could only refer to eth and there i would say the mc observed last year was mostly btc competitor rather than smart contract related
we havent even begun to valuated real smart contract adoption or even implementation

>>50169523
there's absolutely newfags still falling for it, that or og's still pretending to be newfags, you can never tell on here. I do think there are genuinely midwits here who fall for the opportunity cost meme, but I have to imagine they get filtered by all the nigger/jew talk and eventually go back to wherever they came from.

>>50169598
Its a 2018 meme, its referencing 2017/18 cycle top marketcaps, and yes most of eth's valuation was based on a combination of bitcoin competitor and shitcoin casino but that doesn't change the fact that the main thing that separates it from bitcoin is being a smart contract platform, without that it wouldn't have come close to btc.
It is true though that very little of what link/eth can potentially bring to the table is priced in though, and people still don't see it, they're too distracted at silly shit like "if I put a thousand bucks into Shib in January 2021 I'd be a billionaire now"

token not needed

>>50169721
>if I put a thousand bucks into Shib in January 2021 I'd be a billionaire now
peak smooth brain right there, what is liquidity for 500 anon
i'd think those retards would be confined to reddit and quickly scared out of here

>>50170117
>saving the thumbnail
Yikes.

>>50170432
poorly programmed bots do that. dont forget to report

motivating.

it's so obvious when you just look at the name.
>Chain. Link.

>>50153429
After hours trading without exchanges taking a pound of flesh and your first born boy for the privilege.

>>50160633
dont worry he will be judged equally

>>50160750
karma exists too asshole, lying is considered dishonorable, bad, evil,... in most cultures (all successful ones except one)

>>50169386
>1k suicide, 10k make it, always has been always will be
this but unironically

>>50171914
>(all successful ones except one)
kek'd