/biz/ - Business & Finance

old and gay

>>7458420
no idea why are pajeets shilling this and not mobius which has respectable figures as advisors plus stanford pajeets programming

>>7458420
Fuck you and your discord scam

>>7458470
more disinformation. APPPPPOOOOLOOOGIZE

What misinformation? Stinkies couldn't join December moons because they're dumb, ugly and poor. They always say it's going to moon tonight but it never does. It only went to $1 because they got pumped and dumped, that's what this is, a pump and dump token.

>disinformation to mask its presence

how could its presence be masked when theres almost always a link thread up. its probably /biz/'s favorite smaller coin at the moment.

>>7458606
What about people that don't browse /biz/ 24/7 huh? What if they don't know how to use the catelog??

>>7458420
Sorry

>>7458697
Thank you
/thread

>>7458420
>https://hackernoon.com/why-you-keep-buying-the-wrong-cryptocurrencies-dba15df0962a

"Here, clearly, the price of ChainLink is dominated by its value, and it would be a great project to invest in. It has an obvious use case, and has a solid developer team behind it with industry experience dealing with smart contracts and oracle solutions. In future, after they release their product and are inevitably forced to do some marketing, the price is likely to explode once people are aware of its existence and their great accomplishments.
"
Feb 1·

I thought that tis was a dead project being used by a prajeet PnD to finance another scamcoin called Mobius and biz was larping?

>>7458420
>https://hackernoon.com/why-you-keep-buying-the-wrong-cryptocurrencies-dba15df0962a

Was this article written by 11 yo kid?

>>7458872
Is this LINK thing real then? I thought it was a biz scam run out of some shitty postal box in a nail saloon that died and was continued by Indian scammers?

>>7458629
People who dont even know how to do that definitely dont deserve to buy chainlink.

>>7459098
You insensitive coiners!! IT WAS NOCOINERS TURN!

>>7458937
Kek, that's like a convergence of half the fud in one sentence

DO NOT LET NORMIES KNOW ABOUT LINK THIS WAS SUPPOSED TO BE OUR TURN!!!

>>7458606
>favorite smaller coin at the moment
HOW
NEW
ARE
YOU

>>7458420
Biance

Apparemtly its something to do with chainlink. They upped the withdrawal fee massively, then suspended trading and now have pulled this while there are 15 million USD worth of link tokens being transferred back and forth?

Anyone know the latest?

>>7458447
this is next level mobius pajeet shilling

>>7458447

>>7459248
i dont get this meme

>>7459431
i know you don't

>>7458420
Companies have all sorts of contracts for all sorts of things (obviously) but the legal system never works like it's supposed to. Let’s say you agree a contract to sell a table, say, for $20 next week. You give the guy the table but next week he doesn’t pay. Are you really going to take the buyer to court even though he legally owes you the money?

This kind of thing happens on a huge scale between companies. If they do decide to go to court it's expensive and wastes time. Usually, the side who’s owed money settles out of court for much less than they’re owed.

This is where smart contracts come in. Smart contracts are basically code that executes a contract when conditions are met. An example might be “I'll buy $100 of bonds if the base interest rate hits 1%”.

Once agreed, a smart contract will execute as written, no matter what. No one can fuck each other over once the contract is agreed (unless they BOTH agree).

What’s more, the contract is stored on a blockchain and so can’t be interfered with without hacking 51% of the nodes (this is practically impossible).

But there is another attack vector for smart contracts. Returning to the $100 for bonds example above, I could hack the input to the contract to (falsely) tell the contract that the interest rate is now 1%. The smart contract sees this and executes when it's not supposed to. The security of the contract is only as strong as the weakest link, which in this case is the input (also called an oracle).

Chainlink (LINK) solves this problem by decentralizing the oracle – i.e. the information that goes into the contract. It means smart contracts can't be falsely triggered via the attack vector I described above.

And the bond example is just one of millions of use cases.

>>7458420
Right now, it's AD 2018, Feburary 9th. It's about 9 years and 10 months before you'll read this.

I failed.

I remembered I was me just a year ago. The day the Great King of Terror came from the sky. Stupid stupid what's the Great King of Terror he should have come down from the sky.

For these 24 years, I had lost my memories. All I could remember was my name.

The day the Great King of Terror was said to come down but didn't. The Great King of Terror's nowhere to be found, but I want to die.

The imperfectly repaired time machine malfunctioned and when I leapt to 1988, I couldn't remember anything. When I remembered it, my mind went blank and I didn't know what to do and I got institutionalized.

Now I'm living alone, but that's as the brand new person, Satou Nikashi, living an ordinary life. Last year I remembered my mission as Satoshi Nakamoto that I had completely forgotten.

For some reason, the time travel went badly Father's repair was incomplete but it's not Father's fault it's my fault.

I should've leapt directly to 1988 I shouldn't have stopped over at 2018 I shouldn't have been so selfish now the future won't change.

I couldn't get a Bitcoin

I'm sorry.

I'm so sorry.

I forgot my mission, and just lived carefree.

This life was meaningless.

Meaningless. Meaningless. Meaningless. It's bad that I remembered. It's good that I remembered. It's good that I could apologize to you. ForgivemeForgivemeForgivemeForgivemeForgivemeForgiveme.

My plan failed. I kept thinking about the cause for this entire year.

Then I figured it out.

>>7459692
It gets better: LINK has basically no competition. The team have been working on this since before bitcoin was invented. They have the domain smartcontract.com. They are likely to be partnering with SWIFT and have done work with banks like Santander, Barclays, and BNP Paribas. LINK works with any blockchain – ethereum, bitcoin, hyperledger, you name it.

LINK also has the best memes.

>>7459712
Sergey Narazov. After that Crypto currency offline meet, I tried to leap to 1988 but you detained me. I was really happy about that, but detaining me there was where it all failed. I should have leaped on that day. I shouldn't have missed that day. Since you detained me, the time machine broke from the rain that night.

If I could turn back time, I wouldn't have let myself get detained that day.

Because then I could've gotten you guys the Bitcoin. I could fulfill my mission. I want to fulfill my mission.

Because I promised father.
Because it was father's will.
Because I want to change the future.

I'm sorry.
I'm sorry.
I'm sorry.

I failed.

I failed. I failed I failed. I failed, I failed, fail fail fail.

I FAILED. I FAILED. I FAILED.

MEANINGLESS MEANINGLESS MEANINGLESS

>>7459716
>>7459716
>LINK also has the best memes.

This is true.

>>7459431
>i dont get this meme

Can you triforce?

>>7458420
I will kill this cunt for writing this... Mentioning the name of fight club & Rorys bull.
Broke rules 1 and 2!!!

>>7459716
i just hope the chinamen on binance didnt steal all of my link, i just bought some this week and was already dreaming of my mansions and lambos ;_;

>>7458420
>hackernoon
motherfuckers. we've been trying for 5 months to make people believe link is a meme and they just go and shill it like that?
this won't end well

>>7460228
we need orchestrate a collapse in any credibility this website has. claim that they were infiltrated by russian scammers looking to pump and dump coins.

how dare they spread this tron FUD - everyone knows tron is a great coin it was even on CNBC multiple times. tron is only down right now because the market in general is down.

>>7460391
I commented on that article. I hope it helps!

>>7458420
SERGEY, HE IS THE FAT

https://blog.acolyer.org/2018/02/08/chainspace-a-sharded-smart-contracts-platform/

>misinformation

I'm sorry, is Sergey not fat?

>>7458420
THE AUDACITY!

Idiots still think that LINK is Swift gpi, braindead

>>7458420
I'm sorry your project is shit.

>>7460922
What do you mean? SWIFT will use Chainlink.

>>7460951
But not for Swift gpi

>>7460951

>>7459377
labargini is nice but i like snales
go chain link

the point is fundamental and not well understood, but true.

there are too many cryptos emerging, over 100 last month, and there'll be even more this summer. nobody is going to keep up to date with these things or care enough about them, 99% of them will fail long term, so the value is only there for short to mid term speculators.

and the speculators are only interested in coins that have a steady stream of news or events to trade against, and for all the shitcoins being thrown onto the market that absolutely favours newer hotter coins. the churn is already higher than its ever been in crypto and its only going to get worse.

once your coin falls off the hype/news train, its almost impossible for it to get back on, and its only going to get harder as the number of shitcoins all fighting for the speculators liquidity and attention keep increasing, which only ends up favoring the huge coins in the long run.

Linkies are holding very heavy bags right now. Glad I didn't fell for their scammy bs.

>>7460729
heh... good... good.. you must have some jewish blood in you

>>7459692
ok, but what does the erc20 token do.

>>7459712
>>7459741
Kurisu, I have to go back.

>>7459716
God that meme is good. That's a good ass meme, there's no denying it.

>>7461300
Dyor

>>7461300
People aren't going to operate nodes for free

pic related explains all

>>7461300
It has the power to turn retards like you into slightly less retarded people, all you have to do is your research.

>>7461300
>In order to compensate the off-chain needs of the Chainlink system, the LINK token has been established as systems currency of choice. LINK tokens are used to pay data providers, ChainLink node operators, payment providers, and other online service providers for their services. According to the developers, the LINK token is an integral part of the ChainLink system, with demand and value of the tokens being directly correlated to the number of operators that offer off-chain services to the system. This means that more usage the ChainLink platform gets, the more valuable LINK tokens should be.

>Some commentators have suggested that the LINK token is an unnecessary element to the project, with other cryptocurrencies being perfectly adequate means of compensation to operators.
>There are also claims that oracles themselves would have more incentive to keep their network and access to their own data constant if the payment for their service were to be issued in a more established currency.
>The actual necessity of the LINK tokens will become more apparent when the system goes live and will be based on the number of Node Operators that join the network. If there is little uptake of the system, then the token has no inherent value since no one actually wants it.

>>7461417
this is a fine and dandy but being a brainlet like myself, whats the process of getting someone to use your node. Additionally do you just have to have your node up and running and whoever wants data will just select a node and then itll find the data requested?

>>7461532
I don't know. I have no intention of running a node or getting my tokens stolen by some node pool like many of the geeks on this board

I'm just speculating and selling at $10, $30, $90, then holding the rest to see what happens

>>7461604
i was originally in that same thought process but honestly the idea of a little more start up money for long term passive income is not really something i want to entirely write off

>>7461417
what nobody likes to think about though is that betting on chainlink is betting on there being a lot of very large dominant smart contract players that are all public.

if the scenario plays out where only one or two chains have superdominance in the contract space, a second network just for oracles is utterly pointless, because oracles and other live data sources will absolutely be available directly on the second layers of those platforms, like ethereum.

chainlink is the same bet as those other coins like polcadot, the assumption that unlike today, the future will see there being > 5-10 coins all in mass public use all doing the same thing.

>>7461604
LinkPool can't take your links thanks to smart-contract.

>>7461532
Nodes will have reputation based on LINK staked, previous accuracy etc. So yes likely you will either need a fuckton of LINK to make decent ROI or join a pool.

>>7460228
>mfw I'm a freelance writer reading this thread and gathering information for my chainlink article

>>7461668
There isn't any competition

>>7461668
>betting on chainlink is betting on there being a lot of very large dominant smart contract players that are all public.
Why?

I don't think that's unreasonable anyway. We have a load of banks - Santander, Barclays, Lloyds, Chase, etc. We have a load of supermarkets - Walmart, Tesco, Sainsburys, etc.

Even among industries that are said to be monopolies there is competition. In aircraft there is Boeing and Airbus. Microsoft has to compete with Apple and Android and Linux. Even Google only has a 70% or so market share in search.

LINK $1,000 EOY

>>7461735
Why isn't aeternity competition? They seem similar

>>7461726
thanks. I mostly understood that portion but is it just essentially you have your node up and running and someone selects your node and it automatically looks for the info requested? still just trying to wrap my head around that portion of it all

>>7459716
buying more after this meme

>>7461735
why do i keep seeing mobius brought up as chainlinks competition? is it a joke?

>>7461735
i dont think you understood my point

>>7461773
because it's fundamentally the same idea, you have to use this other token in order to interop with another chain. that's only useful when there are many more chains that you want to bother providing oracle data sources to directly.

you can bet ethereum is going to have effectively the same protocol built in to whatever second layer network becomes dominant on their platform, because oracles are a fundamental requirement for smart contracts to actually be useful, and not just simplistic decision makers.

i doubt they'll be only one big player, but even at 2 or 3 large smart contract players there's an argument that most of them will end up using direct/native oracle sources instead of relying on another network, which represents another point of failure. i dont think it's unreasonable that we'll have many dominant competing smart contract platforms, i just think it's less likely given how things tend to play out.

if green dubs link is a fucking scam kek

>>7461668
It's not going to be like that, there are going to be millions of chains. Companies will have lots of different blockchsins for diff things, diff departments etc.

>>7461727
>>>>freelance writer
I'm sure your 2 readers will appreciate your financial advice

Anyone save the IBM document last night?

>>7461927
I don't think you understand what a decentralized oracle solution is and why we need it.

>>7462003
https://dropfile.to/QYk6HLX

from someone else in a different thread

>>7462003
Yep I have everything

>>7461951
that's one scenario, but it's also just as likely that those chains would simply be private chains of an already public blockchain, like ethereum.

>>7462013
i absolutely do, i dont think you understand that chainlink is more of a feature than a product

>>7461977
>mfw its not my website
>mfw I'll get paid no matter the traffic
>mfw Ill use the money to invest in LINK

>>7461894
Not decentralized

>>7462095
How would that work? Can Eth have multiple chains?

>>7462162
you can create any number of private ethereum blockchains, based on many different things than proof of work, and because it's ethereum it would be able to interop directly with whatever second layer oracle system is being developed for the main chain.

>>7462095
listen no one is saying chainlink will last forever. The next generation of blockchains will have oracle functionality natively. But now the ones gaining traction do not and like vitaliks post said won't for some time for various reasons. Second layer oracle solutions have advantages you aren't even considering though if you think they'll be replaced by blockchains that don't "need" them.

>>7462268
im not sure what you mean. a true native oracle layer which is secured by the ethereum blockchain itself is very much possible on whatever second layer ethereum ends up using, that's my point.

while chainlink can do the same thing, it requires a second token and unless chainlink's market cap exceeds ethereum's, it won't be as secure.

>>7462041
Thx senpai

>>7459248
thanks i just bought 100k NEW and HOW

>>7458447
^^ lol I hope youre being sarcastic anon

>>7459377
every point youre trying to make here is about ethereum vs stellar not chainlink vs mobius. chainlink is blockchain agnostic. plus with plasma rolling out any day ethereum is about to be faster than stellar anyway.

>>7458420
FUCK REDDIT IS ON TO US
I DIDN'T FINISH ACCUMULATING

>>7462148
I mean are they lying?

>>7462892
Ok serious q guys. 8ve been starting to fomo on xlm pretty bad the last couple of days, and keep hearing whispers in my head telling me to sell some of my link stack for some lumens. Should I do this? Or going the potential plasma roll out, should I buy some Eth instead? Link is like 1/4 of my portfolio

>>7463068
yes
aeternity is so irrelevant IBM didn't even consider it

>>7463068
Ok went and looked at it and looks like they spent about 10x the time and effort on gimmicky marketing shit as they did the whitepaper.

>>7461977

>>7463664
>>7463068
>>7462148

aeternity is just another blockchain with smart contracts but it has oracles natively so it wouldn't need chainlink (though it could probably use it). If you buy aeternity you're believing they'll become an important blockchain, but it seems unlikely because they're just one of dozens of smart contract platforms that don't really offer anything new or improved or any of the big ones.

>>7463722
Thank you I see what you are saying

>>7458560
LINK being over $1 defeats the purpose anyways.

What you folks still don't realize is that ChainLink being seen as '4chans coin' is a strategic choice to intentionally keep the price low. Think about it - do normies want to buy a coin 4chan memes everywhere? Fuck no, price stays low as people are reluctant to buy a coin associated with NEETs and autists.
Meanwhile, Sergey is going full recon mode in getting mainnet up and running. Once its ready to go and IF these partnerships actually happen, LINK success would be guaranteed.
4chan has effectively had its reputation of neckbeards and neets tied to this coin as a means of supressing the price so people can keep accumulating at low prices. LINKs adoption here is, at its core, a test to see whether memes can be used as a means to build dreams.

>>7463768
Not only that. Buying aeternity means you're betting that it will be big vs all the other smart contract platforms like NEO and Ethereum. Buying ChainLink you're not betting only on one smart contract system. You're betting on all of them as ChainLink is blockchain agnostic so it will work for all blockchains not just Ethereum. Ethereum is what they will support on main net release but other platforms will be supported as it gains traction.

>>7464264
is this true

>>7459716

Kek

Any bateman meme is always great

>>7464264
"Normies" didn't want Trump to become President, fudded his campaign hard... and still lost, because, apparently, "normies" are actually a vocal minority outnumbered significantly by the silent majority of more sensible people who listen more than talk.

If you listen carefully, you can here our gains coming around the corner.

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!

THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>>7464940
you are a MANIAC

poorfag and brainlet here. planning on throwing 1k into btc once the market corrects a little bit, afterwards was thinking of putting it all in chainlink and sitting on it longterm . is good idea? i know a lot of folks have been holding for a while, since it was sub .10$
is it 2 late?

>>7464264
*hugs you*

we're all gonna make it ;_;

>>7465302
with that kind of money its probably better to take a moonshot on a coin like this that could 10-100x in the coming years. BTC wont be doing that any time soon.

>>7464264
>a test to see whether memes can be used as a means to build dreams
like pottery

>>7464264
exactly dont let your memes be dreams

>>7465557
thx anon..so instead of putting 1k in chainlink going for a lower marketcap one? i like the concept behind chainlink a lot and kind of just want to sit on something for a while, i tried trading during this bearmarket and made some gains but its too volatile -.-

i know blockchain and crypto is here to stay

>>7465795
i like link a lot and recently put about 1k in it myself, roughly 30% of my profile.

i wouldnt go fishing for even lower marketcap coins unless you can find something you know for sure is severely undervalued or has a lot of potential. even some top 20-50 coins right now are "undervalued" and would be a good long term bet.

but chainlink still has huge potential for growth and your 1K could grow exponentially. do more research on it if you're still unsure, it'll probably be around this price for awhile so you still have time to decide.

>>7465795
He meant take the chance to go all in on Link or a similar moonshot coin.
Unironic advice inc: Do yourself a favor and read the Chainlink whitepaper. Print it out, read it, make notes in the margins. always be asking "why is this necessary? what could this be used for? how generalized is this? does this seem like a logical solution?" Try to imagine what the protocol could be used for, and be as creative as you possibly can. Do this at least 3 to 5 times with the Link whitepaper alone. It will be difficult, but it will tell you exactly what you need. Also lurk, follow all the breadcrumbs you can to keep thinking about Link, and get a job so you can increase your holdings. If you are nervous about going all in on Link, then search for other coins with the following attributes: VERY general use case, specific and well-written whitepaper, dev/advisory team that is packed with established academics, cryptographers, computer scientists and strong tech investors. There are a handful out there and those are the ones that will thrive long run. Good luck kid.

>>7465795
chainlink market cap is under $150m which is absurd. you're not going to find anything much lower than that unless you go on etherdelta and gamble on random pnd shitcoins

>>7466052
thx again anon..if chainlink can deliver it's going to be HUGE. keep feeling like we are in beta phase in crypto though//so much hype and not a lot of delivery even though blockchain is a world gamechanger. like a big project like neo for instance is riddled w major technical issues

>>7466266
thx anon ^.^

when its finally revealed that Sergey is Satoshi everyone will be like "well it was pretty obvious when you think about it now, why didn't we realise sooner"?

>>7464538
Or you know it was retarded boomers

>>7466778
Sirgay Nazarov = S N

Satoshi Nakamoto = ...

>>7466836
Either way, this is the same silent majority which will stream into crypto -- particularly chainlink -- once the wick is lit.

>>7466666

>>7466971
i bow to satan
may these digits appease him

>>7463459
look at the supply of link.
now look at the supply of xlm.

did u figure it out?

In three weeks time I will have finished accumulating up to 50k. Already have enough, just want a bit more.

I'm ready. Let the hype commence.

>>7462119
you are unworthy and kek shall punish you. screen cap this

>>7467870
My dubs say otherwise

>>7458828
It absolutely is a dead project. Sergey was considering joining the mobius team in q4 last year but was rejected because he doesn't really have anything worthy to contribute. Think about that. THAT is a good reason as to why mobius beats it in every single way.

>>7464264

>>7468755
Just in case you think this guy is joking, he's not. Sergey was declined by Mobius. Google "Sergey" "Mobius" (with the quotation marks) for more info.

>>7461668
The difference being that polkadot will be an integral part of ethereum ecosystems. If it's ever traded, very few people will be able to afford even a single dot

>>7469547
>"Sergey" "Mobius"
i literally dont see anything you stupid fucking kike nigger bitch

>>7461727
shut up faggot

>>7462119
shut up faggot

>>7464412
no. dont listen to these fucking idiots.
they have litereally no goddamn idea what they are talking about.

>>7465151
shut up faggot bitch

>>7461300
ABSOLUTE STATE OF /biz/

>>7461604
>doesn't trust smart contracts
>invests in them anyway
The people on this board.

>>7468093
here in better quality

>>7470971

>>7469547
I didn't find that but this was in the top results. Coincidence? I think not.

>>7471141