/biz/ - Business & Finance

>>53966157
how's that post staking price singularity working out of for you, chaincuck?
>below $7
remind me, isn't that lower than when staking was released?

>>53966157
Kill a stinker, curb stomp a stinker into oblivion. Slam dunk a stinker into a meat grinder

>>53966205
what do you get out of this?

>>53966157
You mean like debt instruments? The promise of future labor in exchange for currency?

>>53966317
kike shills are desperately trying to shake holders, its hilarious because I keep buying.

>>53966205
>>53966264
Youre mad
>>53966374
>>53966437
I mean why monetary instruments like dollar bills exist in the first place
And why swift is careful to call themselves a secure messaging system

>>53966828
Trust

>>53966157
Are you referring to cunieform tablets that documented debt?

>>53966828
Dollar bills are pretty complex but were built out of the US system of silver and gold certificates that were redeemable for a certain weight of gold or silver. Dollars now are backed by some convoluted Jewish explanation that I'm honestly too small-brained to comprehend (bonds being sold in repo markets bla bla bla)

>>53966157
Money is a store of work that can be transferred, the transfer itself is not the money.

>>53966828
it's dumping now right now, chaincuck loser
how does that make you feel?

>>53967000
Youre on the right track
Unless money itself is an investable commodity, money represents a financial message
Original private money was a banks receipt for some amount of precious metal
Alternative forms of money can be any representation of a fixed amount of hard asset or future cash flow

So...why is ccip money?

>>53967487
lol what a brainlet post
must be insufferable to be as stupid as you KEK

Heres some objective truth:
Last year chainlink supply was 467m after this last round of dumps the supply is now 517m. That means the 10k link you held last year is now only worth 9k link, thats over 2 years of staking gains wiped away.

>>53967487
Whatever point you're trying to convey is exhausting and I don't think you're as insightful as you seem to think you are.

>>53967487

You had your first epiphany of CCIP messages being some derivative. Who cares. Chainlink isn’t as big of a deal as we were made to believe. No one is going to base value off of little messages in Link nodes for a long time if ever.

>>53967487
because people value the data that will be transacted across the ccip system, and the agreements it will enable.

Just like most roads would be worthless without the automobile, since people value the goods carried upon the roads and the places they can go, they make sense to build & maintain. In a car, you can go anywhere.

>>53966157
Again, you think you’re smart, and you probably just smoked some weed and are like “broooo” but we are very far away from a world where people can “tokenize” their time or other values in exchange for other goods and services.

You’re not going to walk into McDonald’s and say “I’ll have a happy meal” and their system accepts your CCIP message agreeing to sweep their floors for 5 hours in exchange.

You’re imagine a scifi world and Linkies need to come back to reality. The reality is that the global financial system isn’t going to establish trillions of dollars in the Link token.

>>53966157
I wrote a long message and then deleted it. financial messages are basically debt transfers from one person to another. a promise instead of undeniable truth. a bitcoin transfer is undeniable truth. a transaction on a blockchain undeniable truth. only thing is that bitcoin transactions and blockchain transactions are siloed, no connection to the outside world, or even amongst themselves. suppose you have a system that can show an undeniable truth on one blockchain to allow a transaction to happen on another blockchain or any other arbitrary system. a blockchain which in its purest form is nothing but a digital distributed ledger which itself contains value. if one can compromise the message sent between two different ledgers they can commit a serious financial fraud and basically drain everything. but if the message itself is also sent through a similar rigourous consensus protocol which verifies that the message is authentic then not only does that system providing the same undeniable truth between systems, but it also becomes the ultimate governing distributed ledger. suddenly this ledger attests the value of all the ledgers that utilize the messaging system, and because of this it must have a value greater than or equal to all of the other ledgers combined. anyways i still wrote out a long winded message. CCIP is the jew in final form.

>>53969088
Checked
Youre starting to get it
Original paper money was ownership of gold with trust in the institution printing the money
Then governments wanted the revenue that comes from being the issuer of notes (know what that's called?)
And people wanted security/standardization/fungibility

Everybody won
Users got greater trust and greater flexibility
Issuers got a neverending stream of passive revenue
That was proportional to the additional utility of being able to reliably and easily transfer value

If you knew all of this theory, what kind of money system would you build to make as much more utility in a novel monetary instrument
If you had all this knowledge now and knew you were building the future?

>>53969561
meh, i had that written in my original message that i deleted. Person A and B trade medium1, Person C is wealthy and known to be "trustworthy". C offers to hold money for A and B and gives them debt notes. A and B begin trading Debt notes with everyone else, and everyone else comes to C to store m1. People also come to C to borrow m1 or get notes, for a fee. C shares with A and B. Time goes by people trade exclusively in debt notes, and C has been sharing his fees with A and B and anyone else willing to trust him. C becomes extremely wealthy etc. you know how it goes. Anyways its, a bank or reserve in this case.

we're at an ideal place in time. money is digital all over the world but the truth isn't. so the next logical step is to combine truth and money so that fraud or whatever else you want to call it doesn't exist. now you can have a system were value transfer can happen anywhere at anytime as long as that value exists instead of being printed at a whim by person C.

>>53968676
>he said as the cool breeze vibrated through him.

Abstraction capital wrote about this ... https://www.abstraction.capital/_files/ugd/4b8d26_a0713c7b0b3945d7903aa96a35b59122.pdf

>>53966317
They dont get anything out of it at all, just stokes their rage
The people who respond like that religiously are all degenerate coomers that lost their stacks on lending platforms so their idea of "winning" is hoping that someone reads the hundreds of inorganic and nonsensical fud posts they make every week and actually sells over them

>>53969754
Exactly
What people dont really grasp is how the
1. Trust
And
2. Functionality
Of money dictate its marginal value over barter and simple exchange

The more trustworthy money is, the greater premium is given to the issuer
The more functional the money, the more novel value is unlocked and shared between the issuer and the user
Ccip is just a highly performant, highly secure messaging system
In other words the ideal money
With proof of reserves for the hard assets
The ability to contain cross-silo messaging as well as value transfer
And the ability to capture the value unlocked by this additional functionality

Lets do a real world example so even the oh so bitter in this thread can understand

>>53966157
Currency was invented by ancient governments as a way to support their militaries
>have large standing army to feed
>wat do
>mint coins
>create market for them by levying taxes that must be paid with coins
>then pay your soldiers with the coins
And wah lah

>>53969754
>>53970042
It's not a combination of money and truth, it's a change of what money is from a store of work to a measure of compliance in the permissioned social credit world.

>>53970042
I think the idea of CCIP is incredible, I guess where my skepticism comes in is the idea that it has to usurp the current system. For it to do that, the ones who control the current system have to monetarily benefit from CCIP, don't they? Otherwise they'd just never allow it. So how does that happen? Will central banks actually run chainlink nodes?

>>53970042
using POR the Fed can mint 5b usd to give to Ukraine so that they can purchase military equipment from an American or Israeli defense contractor. Oracles will then be aware of every little bit of that transaction from the supply of equipment available, shipping dates, insurance. Corporations will get their fill, US will continue to look good in the light etc. This can also be obscured away using DECO, which is most likely going to be a built in functionality. Either way, the accountablility now exists.
>>53970166
compliance isn't a social contract between two parties? therefore isn't that the truth? permissioned social credit world is also a psyop.
>>53970338
there is no usurping the current system. rather just advancing it so there is no more friction. no more waiting times, complaining to customer service etc. if the data is available, then it must be consumed. that is were the work is.

Do you anons believe data is the new oil? Will Chainlink be to data what Exxon Mobil is to oil?

>>53970444
>permissioned social credit world is also a psyop.
What do you mean? It's what they're currently trying to build.

>>53966157
Bro, use an updated version. No one gives a shit about what blockchain they're using.

>>53970338
I think you may be off a touch
Real world example:
Free markets are the most efficient system because they take price data to adjust real time effort/resource flows
Rather than a flawed and corrupt central authority

But the vast majority of economic data is still lost
Buying a sandwich necessitates increased demand on wheat farmers who make grain for bread and in turn fertilizer makers and irrigation suppliers and transport companies
Predicting in those fields involves incredible overhead and backside trust protection
ALL of that data is value add and all is capturable
The question is how
And the answer is money that is intrinsically messaging enabled

If youre buying lithium batteries from china and china is buying smartphones, is there really a reason for two value transfers
Two payment delays
Two forex frontrunning/slippage events?
Obviously no
And the value between non-messaging enabled money and messaging enabled money is shared between the issuer (chainlink) and the user
The only people who truly appreciate this are the people for whom this is germaine
Banks
Bank messaging entities
Monetary issuers

Best part is you dont really have to understand this
Bottom line is the global payments flow has just been re-engineered
With more value for all participants
And proportional value capture for the chainlink network

Digital beanie babies are not money.

Please get a job.

Thank you.