/biz/ - Business & Finance

>>56619012
wen new ath

>>56619012
when RWA?

>>56619012
Bid: $9

>>56619012
Is there anything you have been able to infer about when the BUILD airdrops will come for v0.1 stakers? Would it be silly to combine two of my staking wallets into one, or will that mean i miss out on build rewards?

>>56619012
It’s literally over for stinklink and those filthy obese philosopher worshipping cultists

>>56619012
What will be the big first use case for chainlink that will touch the lives of normies.

>>56619012
What is a realistic, achievable valuation?

>>56619012
OG here.

I have half a million fucking dollars worth of Link locked up in Coinbase because they keep hassling me for KYC even though I went through the same process last year and was approved.

This has been going on for most of this year back and forth emails asking for proof of funds, paystubs, taxes, explanations. I've told them it all came from investing early and was bought with my salary at the time and later on I added more from the funds from the sale of my house. I provided payslips and all of the house closing documents showing this. The latest request is them asking where the large sums of Link came from. They came from the old Binance (it did) which I no longer have access to.

They won't fucking help me. It's a bunch of Pajeets on the other side of the world that take two weeks to respond to an email and I have no access to an actual human.

Don't lecture me on "not your keys" bullshit... I know, I've been here a long time and have the other half of my Link staked in v0.1, but I'm wanting to add to my staked Link in v0.2.

My bank account is dwindling and this is 95% of my liquid assets that I need access to pay bills.

What in the actual fuck do I do? Lawyer? Message them on X? I'm about to fucking lose it.

Heading out for a couple of hours, but will be back to respond to your wisdom in a couple hours. Thanks.

>>56619107
Have you tried literally doing a dollar for dollar break down report? My guess is you are being sloppy. Just give them a full breakdown and wait for a response.

>>56619012
wen btc ccip

What will be Link price by Christmas 2024?

>>56619107

>>56619107
get fucked

>>56619107
>Keeps his assets on centralized garbage

You deserve all of it. Should've been a big boy and bought a hardware wallet

When will the DTCC actually start using chainlink for transactions

>>56619107
>>56619142
This, full breakdown with a nice pdf of all documents (payslips, screenshots of etherscan showing the transfers from binance, etc)
I had to do that with Bitstamp.
Good luck anon

>>56619012
this shitcoin will dump -30% when staking v0.2 is released wont it?

>>56619385
>They came from the old Binance (it did) which I no longer have access to.

As you can clearly read from here he can't provide full information so basically he is fucked

>>56619436
He still can prove that his funds came from a Binance wallet by showing the transactions on etherscan.

Maybe it won't be enough for them but it's worth trying.

>>56619023
>>56619024
>>56619025
>>56619026
>>56619046
>>56619070
>>56619079
>>56619107
>>56619142
>>56619169
>>56619187
>>56619240
>>56619318
>>56619361
>>56619374
>>56619385
>>56619402
>>56619436
>>56619497
It's happening tonight! Strap in boys

when (if ever) can I buy a house with 3k link?

>>56619521
see >>56619519
No more chains! Only links!

>>56619519
>>56619536
kys

>>56619012
what happens if we stake in v.2 and we get slashed. Do we lose everything we staked?

>>56619556
>get
jfc, read the blog post chainlink put out about v0.2 it literally says community stakers (you) can't get slashed in this version.

>>56619012

What do you know about node operators and Chainlink LSD's?

>>56619497
It won't be enough, they are sneaky bastards. Lesson is to always backup every transaction history data

>>56619012
I’ve been invested in Link since 2020 and I don’t really know what it does. What does it do? I know about the oracle stuff but isn’t there a bunch more to it?

>>56619107
How about get a fucking job

>>56619519
that's a man

>>56619610
It turns tokens into big macs and big macs into ideas that will support the next 200 years of finance.

>>56619361
how are you ever going to cash out then? At some point you would need to use a Cex.

>>56619012
>1pbtid
>hours ago
>thread will get >300 replies
In all fields...

>>56619107
assuming this isn't pasta, sounds like it's time to hire an attorney. Keep in mind CB is a public company / registered in the US so they can't just rugpull you. You're going to pay retainer to the lawyer so maybe get a 0% apr credit card if you don't have cash right now

>>56619556
>he fell for the fud
yikes!

>>56619930
This is a spoonfeed thread. You cannot spoonfeed big macs.

>>56619012

Ok, I will spoon-feed

A Ponzi scam, with only one purpose -- to cash out all the tokens the fat fuck holds so that it won't crash and become worthless.

Everything else is just imitation, like Enron, Madoff or whoever.

/thread

>>56619966
This is a LINK board, nigger. r/GME is that way

will I make it with 1900 link anon?
europoor so would only need 1 mil to be comfy

>>56619107
HODL mode activated

>>56619012
To nobodies surprise, OP turns out to be a nuclear-class larping faggot.

>>56619107
You go to r/coinbase on reddit and start posting until they help you.

>>56619107
lawyer up faggot

Since OP sucks I'll answer what I can.
>>56619079
$200 is realistic this cycle.
>>56619521
Rural house or shithole city house?
24 for Rural, and 25 for shithole city but it still may not be enough depending on which shithole
>>56619610
In simple terms Chainlink connects boomer to blockchain, but what Link really is is a truth machine. Instead of needing to trust someone who would likely screw you over in a heartbeat, you can just let Link sort out the bs from the truth.
>>56620744
Eventually

>>56619107
do you smell it frens? This is what mutts call freedom

>>56619012
how undervalued are chainlink CCIP tokens exactly?

>>56619107
i cried

captcha: gg0nd2

gg mate

>>56619012
Question for anyone not necessarily OP:
I know we keep hearing that Link is blockchain agnostic, but how does that work if the tokens exist on the ethereum network?
eg
>To send ERC20 tokens, you need to have ETH on a parent account of tokens. You need ETH to burn as gas (network fees). Make sure your parent Ethereum account holds some ETH to pay for the network fees of token transactions.

How can Link be chain-agnostic, then? and what happens if the ethereum network went down?

>>56621611
PS I know Link is erc-677, but it's the same thing really

>1pbtid

>>56620275
>1pbtid

>>56621663
>still a clueless nigger

>>56621677
>1pbtid
No u

>>56619012
How many stinkies do I need to have a legit suicide stack and why? I have no interest in thing or oracles or any of it I just need a no shit one liner on the number

>>56621760
1k is the suicide stack, sorry its pretty expensive now. (for this bullrun)

>>56619107
Huh. Gemini pulled this shit with me too by halting my withdrawals in LINK. I sold it all for USD and was able to cash out. Went to Kraken and bought it back plus more and now have it all in cold storage. Never use a centralized exchange again.

>>56621839
See that's not the answer I wanted. Make it make sense. I understand btc sui stack = 21 because muh 21 million. Eth sui stack = 32 because muh staking. I can afford whatever it's gonna be but I need a real explanation for why x= sui stack.

>>56622012
1k is one millionth of the LINK supply (total supply is 1B). So same as 21 BTC.

>>56619046
>literally
>literally
>literally
Zoomers killed this word.

>>56622012
Living near a Costco

>>56621611
>>56621620
Bumping this Q

My understanding is the LINK will be used as a gas token for all transfers.

>>56622012
typically in the last few years (I'd say circa '19 and forward give or take), an altcoin's "suicide stack" would be the amount of coins that would leave you with $100,000. This amount is enough gains for you to not kill yourself for missing out, hence the term.

In Link's case, with the prediction of it hitting $100, your suicide stack would be 1,000 coins.

>>56619107
They don't have your LINK.

>>56622054
>>56622741
Ok stinkies. Now give me the elevator pitch of why I should give a shit about chainlink, why it's worth money
Again I want the knuckle dragger version don't give me the whitepaper. Give it to me like you'd explain it to your grandmother.
I'm prepared to toss $25k into this bitch solely on the concept that it looks like a high quality coin and reminds me of eth.
$100 link I easily believe, but how do you feel about $1,000 link? Is there even a case for this or is that simply retarded

>>56619012
>1 post by ID
>62 replies
Linkies are fucking retarded

>>56622848
If you still don't get it then you never will. Ask specific questions and I'll answer them, but don't expect anybody to just be your own personal google when you could easily read any blog post or watch any video about it.

>>56623616
>thread: CHAINLINK SPOONFEED
>refuses to spoonfeed me
I don't want some gay blog or an introducing baggie. This is a critical test of a coin. If you can't sell it in one sentence to an idiot it's fucked.

>>56624148
It makes smart contracts meaningfully useful by allowing them to connect to different blockchains and the outside world while remaining provably secure and decentralised. Surely you knew that already, no?

>>56619012
eat your own shit and kill yourself lonkie, now one wants you here

>>56624148
Why the f would anyone care what you do with your $25k though? Have you asked yourself that?

>Link get corrected and shorted every time it hits 15
>Sol just climbs from 20 to 55 in like 3 weeks with no short or correction
JESUS FUCKING CHRIIIIIIIIIIIST I just want to make some nice easy gains

>>56619012
fuck you lankie

>>56619012
who is the Oracle? is it Sergey?

hi insider fren can you elaborate on the "gas for everything" meme? would a (an?) uniswap (eth -> eth) transaction use ccip for some reason? or is the idea more of banks and individuals won't be going to (eg) uniswap get on-chain in the first place, bc they'll have their own chain to transact with other blockchains from?

>>56619012
token not needed
kek baggies

>>56624444
The idea is that in the future you won't need to think about which chain you're operating on, in the same way that you don't know whether 4chan is hosted on Amazon or Azure or a Mac mini cluster. Users will interact with highly-abstracted apps which will access underlying protocols on a variety of chains. So you won't necessarily be doing uniswap transactions on ETH, you'll just be swapping Asset A (hosted on a private bank chain) for Asset B (on a public chain) and having it sent back to your bank chain without really caring how the transaction took place or what chain Asset B was originally on. Since Chainlink abstracts the whole process, the LINK token also acts as "universal gas" in the sense that it can be used to pay for the entire process.

>>56624148
I already explained it higher in the thread. Stop being fucking lazy.

>>56621875
This may be answer. Just sell for USDC, transfer and buy again.

>>56624148
retail interest isn't that important for this one

Unironically, when should I cash out?

>>56624589
If this is true, that is good for adoption, I see no reason why it wouldn't be possible but it sounds extremely centralised and controlled as though there will be an entity able to approve or disprove actions. This is not what crypto wants. Maybe it's automated, that would be good.

This kind of system would at least need governance. I bet arb either beats you or provides a better product.

>>56624671
Cash out some at a point where doing so would be enough to have a meaningful impact on your life without sacrificing your entire stack. Unironically keep the rest for a long time. In the early days it will likely have much better returns than other asset classes due to the higher risk, but eventually as it becomes more widely spread the gains will drop to match pretty much anything else. At that point it basically comes down to your own risk profile and investment strategy, where you might want to sell everything and ride the next wave or diversify into other asset classes.

I only want to know one thing. Staking 0.2 will have slashing. What does this slashing risk look like? How much of my stack can I potentially lose if I stake and a node fucks up?

>>56624686
Not at all, that's the entire point of CCIP. It allows you to do cross-chain and off-chain operations in a way that is just as decentralised as a single chain. Individual apps might handle things poorly, but hopefully an entire ecosystem will spring up so that you can choose a better one. This will be in the same way that you can choose a bank today, you'll just have better information about who is doing the right or the wrong thing.

>>56624589
>>56624708
Thanks fren. 'preciate ya.

>>56619107
That's bullshit man. Put together all the info you have and get yourself a damn attorney.

>>56622848
Hahahahahaa holy shit newfag, learn how to use the archives.

>>56622848
Ask ChatGPT

>>56619012
If you're an actual insider then riddle me this - is Aaron from the devexp team gay?

>>56619361
Ledger is notoriously backdoored and there's no proof that other hw aren't.
Other options are very suceptible to hacking and human error.

Not saying coinbase won't rugpull one day but yeah all options have pros and cons

>>56622012
Back in the day 1000 link was called a suicide stack because
>it was worth a few hundred dollars, which is a sum you could afford to lose if the project failed
>it was still 1 millionth of total supply (equivalent to 21 bitcoins) so if LINK did succeed it would grant you enough money not to become suicidal if it moons.
The notions of suicide stack draws heavily from the story of people who had the occasion to buy a lot of BTC or ETH but bought none, they felt suicidal because of the missed opportunity.

Suicide stack imply that you're buying a suicide insurance basically, you're not sure about the project but you're willing to throw a few bucks at it just in case it survive.

Of course now the notions of suicide stack doesn't make much sense, since link has already proven itself to be a worthy investment and that throwing a few hundreds at it isn't going to make you tons of money unless you buy the 81k meme

>>56622848
Link will be a top 5 coin when the total market hits 10T in the next 5-8y, which will mean an mc north of 400B resulting in around 1k per link

>>56619556
Motherfucker how new are you. THERE IS NO SLASHING IN V.02

>>56619142
Thanks. I am being sloppy, but it's because I've been in Crypto for 8 years and I can barely remember when/where I got half of what I have now. Back when BTC split to BTCabc/BTCSV and all of that goofy shit.

>>56619240
Mad poor jeet.

>>56619361
I've got 3 nano ledgers. You're probably to young and retarded to remember when they leaked my name/email/address to the world. I get 20 scam emails a day because of those French faggots.

>>56619385
Fuck.. it's all so tiresome. Thanks anon.

>>56619805
Why? I have millions. Get fucked wagie.

>>56619984
Last resort I will. Waiting on their next response.

>>56620827
I probably would have sold 1 or 2k Link back in the $7's if it weren't for them having me locked out... silver lining.

>>56620845
Thanks. Will do soon.

>>56621012
No, this country is going down the shitter because of ZOG. Israel has no right to exist. As a straight white Christian man I'm literally the most hated demographic in this Jew America.

>>56621075
Thanks

>>56621875
I'll drain every bit of it the day they unlock my account.

>>56624623
I can't transfer. Can't buy/sell. All I can do is login and watch my money go up and hope the kikes don't take it.

>>56624948
Planning on it depending on their next response.

theres nothing better than going into scam threads and reporting them, those RXD cucks must be seething

>>56624704
Lots of people misreading the blog post. community stakers (us) will not be vulnerable to slashing in v0.2

When will i be able t o bridge through CCIP from arbitrum to eth mainnet?

>>56625275
the recovery is backdoored, not the ledger itself... I hope

>>56619026
The BUILD program is to help startups get their feet of the ground by Chainlink fully subsidizing the oracle network costs in exchange for them promising to give Chainlink labs 3-5% of their token supply. Of that token supply offering, Chainlink labs will distribute a percentage out to node operators and community stakers.

I'm not OP but I'm bringing this up because you misunderstand the point of the BUILD program when you start asking "wen airdrops?". The startups need to get their protocol to market so they can have a token that's worth a damn. You can't rush these things. So either sit back and relax or root for one or more of the 70+ startups to be a market success. It's not about the (You) the community staker, it's about the developers building stuff to realize the network's potential.

Be thankful Chainlink is generous to give you a slice of the pie.

>>56626666
Holy checked WAGMI.
71 airdrops and counting.

>>56619012
Can we just stop with the planned confusion. As a newcomer in to /biz/ can someone tell me what are the suicide and make stacks numbers for this coin please? And can we please change the name of “suicide” stack, seems a little tone deaf no? Plenty of people have lost their lives gambling and it really shouldn’t be taken lightly idk just a thought.

>>56626155
https://ccip.chain.link/status

I see the Arbitrum lane operational right here.

If you mean you want to use it like a bridge to move your tokens from Arbitrum to Mainnet then you can do that. Programmatically.

CCIP is a developer tool so you can build apps that abstracts away as much as possible the hassle of managing a protocol on multiple blockchains where the protocol deployed on each blockchain are siloed from one another.

CCIP came out recently so it'll be a while before major protocols come out fully designed to harness CCIP's potential.

>>56619012
this is a Christmas ornament

>>56625976
>probably to young and retarded to remember when they leaked my name/email/address to the world
lol that's why I get those?

>>56619012

>>56622736
>>56621611

>I know we keep hearing that Link is blockchain agnostic, but how does that work if the tokens exist on the ethereum network?
>eg
>>To send ERC20 tokens, you need to have ETH on a parent account of tokens. You need ETH to burn as gas (network fees). Make sure your parent Ethereum account holds some ETH to pay for the network fees of token transactions.
>
>How can Link be chain-agnostic, then? and what happens if the ethereum network went down?

Two things:

> The Chainlink Network is its own network with own nodes/servers/what have you. The Chainlink network ultimate queries data from and relays data to blockchains.

> Blockchains are ledgers first and foremost. They are historical logs of all transactions in the network.

On the Ethereum network, we have the 1B Link tokens that were minted but since back in 2017, a good percentage has been bridged and spread out to other blockchains (FTM, Polygon, Avax, more than likely private banking chains, whatever). I.e. there are no longer 1B tokens on ETH's network and we have the transaction logs to do the proper accounting to have all link tokens accounted for.

So if the Ethereum Network goes down, we know what happened to the link tokens on that network so either the ETH community or Chainlink themselves could spin up an Ethereum fork from the moment it crashed and have the proper accounting for the Link tokens on that new ETH network. In the mean time, the Chainlink network will still be operational and will be servicing the other chains as usual.


Within the context of Chainlink being a universal gas token, aside from the initial gas fee on the blockchain you're signing the transaction on (which is going to be the currency of the blockchain), the Link payment you make for the CCIP transaction will be used to handle the gas costs when interacting with other blockchains.

>>56626924
So an example:

If you want to pay on Ethereum network to mint some token on Polygon, With CCIP, you'll pay the initial ETH gas cost and the payment but you'll also have the CCIP payment in Link, that payment is what the node operators will use to convert to Matic for pay the gas costs of minting the NFT on Polygon.

You will only need the currency of the blockchain you're based on, CCIP will use your Link token payment and handle the gas payments on the other 1- potentially hundreds of other blockchains you might be interacting with for that transaction you're making.

Making any sense?

>>56625462
Yea no, Links market cap alone will be multiple trillion. It will overtake bitcoin and won’t even be considered a cryptocurrency despite it’s origins.

>>56626711
Go back and kys

>>56626756
So why does Arbitrum's bridge to Eth mainnet still take 7days and other options are independant bridges

YEAH I GOT A QUESTION. WTF DOES CHAINLINK ($LINK) DO? Oracles transfer real life data to the blockchain and blah blah blah. For real. No one has ever been able to give a proper answer. Bitcoin is a store of value. Ethereum is a blockchain. Explain Chainlink as simply as this, please and thank you. Anyone.

>>56627545
solves the lambo problem

>>56627475
Part of the optimistic rollup security feature is that you need 7 days to clear a transaction. We are optimistic in assuming the transaction is valid but wait a 7 day window for someone to raise a red flag.

>>56627545
Have you watched any of the Smartcon Keynotes by Sergey, anon? Be honest. I need to know what you know to answer.

The simplest answer is that it's the internet for blockchains that also handles computation that is too taxing for blockchains.

>>56619610
its a child of the SWIFT banking network, as a result its the only oracle network that will be able to easily connect everyones bank accounts to smart contracts and the internet of things - chainlink wins as the only worthwhile oracle because of a gate keeping network effect and advanced cryptography and thats the only reason really - welcome to earth

>>56622012
1k because if link reaches the prophesied price of $1,000 EOY you will have enough money to avoid suicide, $1,000,000 this is the bare minimum of making it these days, 100k is the /makeit/ stack netting a individual virtually any house of their choice, lambo and coke and whores for life

>>56619012
In done believing “insiders” and people who have “special info”

Im only looking at the facts.

>>56629409
That was such a blatant shit post and you had to save it?

>>56629409
That's the smartest way to be. There's two sets of people to never trust in your life, "insiders" and Chainlink advocates. The first are larpers and the second are just lying scum

>>56619012
What was happening on the first floor during the afterparty at SmartCon in Barcelona?

>>56621063
Nobody really knows until CCIP is fully released and integrated into the various institutions.
All we really know at the moment is that someone is accumulating based on something that they know and we possibly don't.

>>56627630
I though CCIP meant we could bridge from one network to another with the most security , seamlessly and in an instant

>>56619107
get chat gpt to threaten them with legal action

>>56619012
Technical question here.

I'm pretty tech savvy on a level I make a 6 figure salary with infrastructure management.

What i have a real ahrd time to understand is the incentive for a node operator.
I'm not talking about some small pc in a corner that mines at a neet pace, i'm talking several racks 48u full with virtualization clusters and pretty damn on par with any PCP (public cloud providers).

I've set up several nodes but what sucks is that i don't ahve access to the nets. Why for fucks sake do i need authorization from a central authority (CLL) to run nodes and mine link tokens?
To me it entirely voids the decentralized aspect of the project and makes it totally uninteresting to "invest" in (in the form of hardware and infrastructure upkeep) .

Is onboarding of node operators only reserved for a select few? the criteria are not clear at all.

Thanks for taking the time to answer this serious question.

>>56626811
>lol that's why I get those?
Pretty much. A lot of /biz/ fags were complaining about it years ago, I learned about this a few months afterwards.

>>56632051
about two years ago they did an Oracle Olympics event where the winner was accepted as a node on the network. I've heard talk of NEET nodes that will be able to be spun up I'm the future, but you need extremely good uptime and response times to stay competitive, most NEETs aren't devops engineers so they will probably have to stake with an anon that is one (me).