/biz/ - Business & Finance

>>55667168
nastyslob subhuman

>>55667168
>Probably just a coincidence though, right?
yes. i'm all in on XRP and XLM, the non-schizo options. enjoy being a "link marine"

hello i hold a lot of chainlink tokens

>>55667789
>t. trailer trash

>>55667168
Unrelated

>>55667789

>>55667168
It's literally just a coincidence.

>>55667168
>payments will be much faster, almost instantaneous
What part of that describes Chainlink?

>>55667168
Does anyone have the clip of Sergey saying "right about now" in his ccip launch speech the other day, talking about a bank using ccip I think it was, and it turned out it was another same time as the fednow launch?

>>55668077
>now, like right NOW

It is not clear if the Federal Reserve's FedNow service, which is designed to enable real-time payments, and the Cross-Chain Interoperability Protocol (CCIP) developed by Chainlink, which is intended to facilitate communication and data transfer between different blockchain networks, are directly connected. While they were announced at around the same time, they are separate projects with different aims and are being developed independently.

It's possible that the two projects may have some overlap in terms of technology and expertise used, but they are not directly linked or dependent on each other. Both projects are designed to address specific use cases and are targeted at different audiences, with FedNow focusing on real-time payments and CCIP serving as a interoperability framework for different blockchain networks.

So while both projects were revealed at around the same time, they are not directly connected, and their developments are separate efforts.

>>55668183
/thread

>It's another XRP-baggie-larping-as-a-LINK-baggie episode
Chainlink has nothing to do with FedNow, it's Ripple faggots baiting Anons for engagement.

Chainlink moving on from subsidizing crypto scams to subsidizing entire countries.
God I'm so excited for you guys.

>>55668183
thanks, local language model.

>>55668183
https://blockonomi.com/what-is-fednow-a-threat-to-crypto/
According to this source, FedNow is a fork of avalanche. If this is the case, it's not a huge jump to assume CCIP will be used at some point.

>>55668330
Blockonomi is a cryptocurrency news and research website that is not always an authoritative source of information. While it is true that FedNow, the real-time payment network that the Federal Reserve is developing, has some similarities with the Avalanche blockchain, it is inaccurate to say that FedNow is a fork of Avalanche.

FedNow is being developed by the Federal Reserve Bank of Chicago and is based on a proprietary technology stack that includes a mix of distributed ledger technology (DLT) and traditional finance infrastructure. The project began in 2019 and aims to provide a fast and secure payment processing system for US banks, credit unions, and other financial institutions.

Meanwhile, CCIP (Cross-Chain Interoperability Protocol) is a decentralized framework developed by Chainlink that enables communication and data transfer between different blockchain networks. It was announced in late 2020 and aims to enable secure data transfer and smart contract execution across multiple blockchain networks.

While both FedNow and CCIP involve distributed ledger technology and focus on payments and data transfer, they are separate projects and use different technologies and architectures. Moreover, FedNow is focused on facilitating real-time payments within traditional finance infrastructure, while CCIP aims to enable communication and data transfer across different blockchain networks.

In summary, while FedNow and CCIP are both distributed ledger technologies focused on payments and data transfer, they are not directly connected, and it is unlikely that CCIP will be used in the implementation of FedNow.

so if there is some tech that emerges that allows banks to make instant transfers to each other, why is chainlink needed again? Or if you're saying Link is for moving money onto different crypto chains, why do banks want to do that?

>>55667168
Good because I think I’m about to get fired. Accidentally said to the HR bitch that I don’t like goyslop when asked what I wanted from Potbelly’s for lunch.

>>55668183
>>55668741
thank you chatGPT for your FUD.
also
>Universal Gas
say it with me
>reserve currency

>>55668077
Checked.
11m11s:
https://www.youtube.com/watch?v=W1fR6hZ8Bgg#t=11m11s

>Chainsink
>Chain shit
>Link submarines
>Down 90%
>TNN
>Token not needed
>Chart
>1x in 3 years
>Scam
>65% premine
>Sergey dumps
>700k binance
>2 more weeks
>HR roasties
>Pumps the least dumps the most
>Kek baggies
>Fake partnerships
>Pump and dump
>Bagholders
>Cuckolds
>Pay up paypigs
>Fat Sergey
>Linktranny
>You will never make it
>Down vs btc
>Down vs eth
>Nft gaming
>Shitcoin
>Underperformer
>I can't perform
>Chaincels
>Linkcels
>African wfh devs
>WEF globohomo
>Cult members
>Saturn worshippers
>Chainlinkgod incel
>Klaus Schwab
>Sirgay
>Women in crypto
>Refugees welcome woke
>Missed the entire bullrun
>Outperformed by dog coins
>ERC 19 downgrade
>No adoption
>Ccip flop
>Staking flop
>14% inflation
>Token not needed
>Cuck cage link marines
>$50 Top buyers
>Fell for lpl rug
>Fell for bancor
>Fell for Celsius
>Got btfo by bulgarians
>Nexo won
>Shorted by Simeon
>Zeus capital
>$50->$5
>Bagheld for 7 years
>No link holder made it
>Fell from rank 5
>Subsidized by dumping on baggies
>Sergey cult antichrist
>Ccip tranny
>Chainlink shill team 6
>Paid community advocates
>Bagholder support group
>All smart OGs left
>Gm based king clg
>Eric Schmidt yacht payment
>gravelcoin
>Nft partnerships
>Team owe you nothing
>Cayman islands shell company
>Link is an unregistered security
>Chris barret running
>Chris barret flexing
>Francisco smartcon threat
>Russian scammer
>Smart Con
>Chainlink FTX endorsement
>90% of baggies in negative profits
>Link shorted by everyone
>Rorys wife's black son
>Swift announcement dump
>Shadow fork
>Stockholm syndrome
>Missed the 2021 bullrun
>Dead 2017 shitcoin
>Every narrative failed
>Bulgarians -> VCs
>Token not needed
>Down 90%
>Kek baggies

>>55668144
Checked and this exactly

>>55667168
>like any government institution is going to utilize an erc20 shitcoin, that repeatedly gets dumped by CLL
peak mental gymnastics

>>55668934
I'm wondering what else he could have meant. Why reiterate the right about now thing if he wasn't referring to something g in particular? And what else might he have been referring to, if not fednow? It's weird.

Post proof that FedNow has ANYTHING to do with blockchain tech.

I think a lot of the retards seethe because they realize if anons are right about link, and it actually happens, they'll never be able to afford a stack that many already secured. Even if they threw their entire networth into chainlink, most poorfags/tourists/newfags could only afford 1k link at most right now, many less than that. And this infuriates them. They need a 1000x, they need a shib to make it, so they curse chainlink because it isn't enough, won't be fast enough, and if it does turn out to be the one they will be laggards at best and might see 6 figures one day, but know they could have easily had 7-8 figures. I suspect there will be suicides in a few years over this (both ways really, if link fails or if it succeeds).

>>55669273
You have to admit that it being released the same day as CCIP makes for some great schizo theories.

>>55668934
>11m11s
C-c-checked

>>55669310
>both ways really
this one, but at least the holders know that the buying power of this places has no effect on pa
meanwhile the nolinkers are seething mad and their entire efforts are doing exactly nothing to the outcome of link
so does it really boil down to crab in a bucket mentality if i didnt buy in 6 years ago when i still could then if i drag at least one other person with me in suicide it will be worth it

it seems quite staggering to tie your entire ego and identity to the failure of something, even if you are right what do you win
whereas i assume every anon here has at least a suicide stack and thus will be happy if it moons

>>55667789
>XRP
>non-schizo
The xrp general is called "xrp schizo general"

>>55669310
>poorfags/tourists/newfags
I agree that these are noisy groups but the loudest link fud/seethe comes from the anons that had a stack and lost it to bancor, Celsius, aave liquidation etc. and now fud to try and gather their losses or just take out their frustration

>Federal Reserve Bank of Boston
>Project Hamilton with MIT DCI
>MIT DCI led by Neha Narula
>Neha Narula co-editor of Crypto Economic Systems with Andrew Miller
>Andrew Miller long-time technical advisor at Chainlink
we are so fucking close guys
it's not
>NOW
but it's coming

>>55670102

>>55668741
Based off of this I am going to buy more chainlink

>>55669310
>incel revenge fantasy
and then everyone clapped

>>55670479
>hehhhh boughted moarrrr, r right reddit?

bagholder bingo

>>55671097
biriani benchod

>>55669246
He mentionned a couple times in different talks recently that institutions and banks are going to use ccip to bring their assets on their own private bank chain and connect all of them toguether through ccip , initially there will be 2 parralel world defi and tradfi who will both use ccip and eventually when regulation clears out they will be both connected toguether . Still it implies that CCIP will reach further than just crypto and actually be used by banks .

>>55671280
The two worlds thing is interesting, TradFi is using CCIP in isolation and semi-secrecy so it's still kind of a blackbox. Hopefully once general mainnet goes live we're able to view TradFi revenue somehow.

>>55671467
im speculating here but i assume theyre going to announce it at smartcon , and i think the point of using the same set of decentralized oracle is to optimize cost and efficiency by leveraging other network participants on defi

https://www.federalreserve.gov/econres/notes/feds-notes/using-distributed-ledger-technology-for-payment-directories-20220203.html

>>55667789
I came to /biz/ in q3 2017 because of XRP shilling and desire for money
I was all in on XLM by q4 2017 because XLM is morally superior to XRP
but then I was all in on LINK before EOY 2017 because it just makes more sense

The only person I knew who kept to the XRP narrative had a fat wife and is raising 4 children he didn't have who constantly disrespect him. It's sad.

>>55668934
Starting at 13:54, he starts talking about building "better centralized" systems. This is kind of strange to be honest

>>55671662
That’s funny, the only person irl I know who talks about crypto is also into xrp, he’s a typical q anon boomer, like 55-60, doesn’t understand the technology at all but
>xrp is only 50 cents, can you imagine when it’s the price of bitcoin? The government is going to adopt it!

>>55672833
Centralized systems still have their place. But it will be in a limited capacity

>>55672956
But why shill centralized exchanges when they're "supposed" to be displaced by decentralized systems? Is Sergey against that basic crypto ethos because the legacy players he's working with need centralized systems as loci of control?

>>55668077
>>55668934
11:11 wow, checked

https://www.youtube.com/watch?v=D7lk0kjz3Wo
OG here, just found this for the first time today on recommended YT videos, I know my own preferences influences what shows up but the algorithm has never posted one of these homemade videos before.
Bless algorithm

>>55667990
The part where payments that used to take hours to days with the old system, now takes seconds to minutes to complete

most of these faggot posts read as bot posts i hate the antichrist so much its unreal

Fed now uses signet which uses tru-usd which uses chainlink

>>55676209

>>55676209
>>55676209
Tru usd and signet

>>55676223

>>55676215
>>55676223
>>55676233

>>55673072
yes but it will also take decades for accounting mechanisms and law to go fully decentralized. there is a huge practical issue of agency and adjudication

is 42 still alive? I miss him.

>>55667168
So the state of cope is XRP v FedNow (incl. JPM and WF) with linkies trying to shoehorn LINK into the latter?

>>55676381
Fednow uses chainlink thru tassat- signet network - true usd - chainlink

>>55676420
>>55676381

>>55676420
the chainlink link feels a bit weak there.

>>55676245
At least in some of our hearts