/biz/ - Business & Finance

>>8229318
10 000$ EOY

>>8229358
nice FUD. $100k minimum

>>8229364
Pfft amateur, $1MM minimum EOY

>>8229318
>The fact that they’ve retweeted a LINK shilling account, and the actual text of the tweet, very strongly suggests that they want to use LINK to create crypto derivatives. We’re all gonna make it.

what is the use of it? redpill me

What are crypto derivatives?

>>8229318
All of this “news” and Link still shitting itself.

GGWP

That's it, I'm buying LINK

>>8229386

I expect to see a 3 million dollar chain link by tomorrow

>>8229407
everything is shitting itself you imbecile

>>8229407
LINK sat value hasn’t changed within 2% all week.

>>8229444
pink for link

>>8229444
>measuring in sats

shiggydiggy

>>8229444

He also doesn't realize LINK has climbed from Rank 105 to Rank 80 with zero marketing in the last 3 months.

>>8229318
Interesting. I have to look into that project.

could someone explain to me (as a brainlet).

Also how the fuck is link gonna scale on the ether network if the aggregation and reputation is also run on the chain. Link really needs its own chain for that. Imagine how many api calls you need and how expensive everyone will by only for paying GAS.

Witnet has a much better solution with its own blockchain and a mix of pow(mining) and information providing.

>>8229975
lol ok go buy witnet and enjoy waiting for the testnet in 2019

>>8229975
you can't make api calls on-chain in solidity. by necessity chainlink will have it's own chain.

>>8229975
LINK is blockchain agnostic

>>8229975
>sep 2019 testnet

Damn dude a year behind seems pretty problematic

WE GONNA MAKE IT FAMM

>>8229485
>Zero marketing

Nigga it's shilled all day every day on biz what the fuck are you talking about?

>>8230369
>imjying some shilling from autistic board with frog memes is marketing

It's the opposite actually

>>8230369
/biz is about 10 autists and 100 low lives..../biz is not close to mainstream

>>8229485
This. It's bizarre to me. LINK just doesn't want to fucking move from that 80 spot.
SXSW will be exciting either way. 5 days bros.

>>8230425
>>8230429
This...

My god, the guy who said 'nigga' is probably some white 16 year old with 500 dollars of mommy and daddies money he's hoping to get rich quick off of

>>8230369

If you think shilling in /biz is marketing, well...

>>8230429
more like 50 dudes and 1000 pajeets

>>8230453
Yesterday it was #77 in coinmarketcap for an hour

>>8229444
My BTC value in sats has been stable all week also. In fact, it hasn't moved all year

LINK is DEFINITELY being manipulated. It's UNNATURAL that a coin with this much story around it would be so UNDERVALUED.

It makes me wonder whether I am really in on some huge secret and the market is just retarded, or more likely, it's all a fughazi

>>8229364
>>8229386
>>8229410
link's got 18 decimals goys... $1 trillion eoy

>>8231013
Nobody fucking knows about it. Think about the percentage of crypto "investors" who read /biz/. Now from all of those people, you have to be weathered enough to sift through tons of memes to even start thinking about researching what LINK does. Most people just fly over threads and think LINK threads are noise. And then you even get people that understand what LINK does but still don't throw money at it because of X reasons. You basically have to have insider knowledge or be a complete retard with your money and just throw it at a random project like this to invest in link.

>>8231082
I guess I’m retarded?

>>8231082
Wasn't that hard for me to decide famalampai I was in the ICO, everybody was feeling good about LINK, not too shilly either. Tbh I miss late summer biz

>>8230369
compare this with the marketing of Tron. Just take a look at Justin Sun´s twitter, and then Sergeys. Spot the difference?

>>8231082
You ain't dropping those bags on me
>"smart money"

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!


EVERYTHING IS ENERGY AND VIBRATION
ATTUNE YOUR VIBRATIONS TO MATCH THAT OF MONEY AND IT WILL FLOW TO YOU

MEDITATE DAILY AND VISUALIZE LINK REACHING $1000 IN THE PRESENT MOMENT FROM YOUR HEART CENTER

WE WILL ALL MAKE IT

>>8231132
Yes, we are all retarded.
Together.

>>8229396
>>8229406
Sergey tweeted about this project Today. Cryptocommodities and crypto derivatives are basically a new idea that the guys at Chicago project came up with. The derivatives market is like 2 trillion dollars or something crazy. They want to invent the same thing but for crypto and this retweet suggests they will use chainlink. This is huge I think

>>8231082
Real talk ive been on 4chan for ages, biz for about a year, and I only looked into LINK threads two weeks ago. Better now than at ATH I guess. I always kicked myself for not placing bets on the election, weaponized autism recognized the winner and I wrote off weaponized autism, LINK is a chance to make sick gains, the autism confirms it. High accuracy+high barrier of entry for normies. I love it.

>>8229318
We're all gonna be billionaires, marines
Do NOT fucking sell because 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!

EVERYTHING IS ENERGY AND VIBRATION
ATTUNE YOUR VIBRATIONS TO MATCH THAT OF MONEY AND IT WILL FLOW TO YOU

>>8229358
>>8229364
>>8229386
>>8229407
>>8229444
>>8229485
>>8229997
>>8230004
>>8230009
>>8230369
>>8230453
>>8230458
>>8230521
>>8231013
>>8231082
>>8231146
>>8231209

Holy shit can you guys shut the fuck up and take your shit posting elsewhere. This thread was supposed to be about LINK being used for motherfucking crypto derivatives. Instead we have a bunch of retards arguing about the same bullshit that’s in every thread. I was hoping for an actual discussion of what LINK being used for crypto commodities would mean but only like 3 people in this thread actually asked what it means.

Fuck, crypto derivatives could be HUGE if they got anywhere near as big as derivatives in traditional markets. I can’t believe they retweeted that LINK shill account it’s actually a huge deal. Fucking newfags and retards

>>8231231
you are a MANIAC!

>>8231335
kek, we had that discussion plenty of times in september link threads faggot

WIR STECKEN HIER ALLE GEMEINSAM DRIN

UNTERSCHÄTZE NICHT DIE KRAFT POSITIVER GEDANKEN! BESONDERS VON GEMEINSAMEN POSITIVEN GEDANKEN!!

DIESE SCHEISSE WIRD LOCKER 1000€ ERREICHEN! BEHALTE DAS IM KOPF UND VISUALISIER ES VOR DEINEM INNEREN AUGE JEDEN TAG SO OFT WIE MÖGLICH VON JETZT AN UND ES WIRD WIRKLICHKEIT WERDEN. TU ES! ICH MACHE KEINE SCHERZE!

ALLES BESTEHT AUS ENERGIE UND SCHWINGUNGEN
SYNCHRONISIER DEINE SCHWINGUNGEN MIT DENEN VON GELD UND ES WIRD ZU DIR KOMMEN

MEDITIER TÄGLICH UND VISUALISIER WIE LINK 1000€ ERREICHT GENAU HETZT VON DEINEM TIEFSTEN HERZEN

WIR WERDEN ES ALLE SCHAFFEN

>>8231336
dude... SO ARE YOU
you are in every fucking thread saying the exact same shit

"the definition of insanity is doing the same thing over and over and expecting a different result"

>>8231395
du bist ein WAHNSINNIGER

>>8231319
You are a MANIAC

>>8231335
how new are you?

>>8231415
>>8231434
HIVEMIND

Gefällt mir! Wieviele LINK hast du?

>>8231335
Waiting for Charlie lee to shitpost about how chainlink is a good idea for Forex and Derivatives. Any day now.

From the project Chicago and gastoken websites: “Cryptocommodities are analogous to physical commodities (e.g., food, grain, lumber, metal) that are traded in traditional financial markets. Like these conventional commodities, blockchain commodities are critically important to blockchain-based industries, and fluctuations in their prices pose a business risk. A critical property of physical commodities is that they can be stored and delivered under contract. The resulting derivatives market (financial instruments based on commodity prices) is instrumental for managing and alleviating the business risks associated with surpluses and shortages of the commodities they rely upon. In contrast, cryptocommodities cannot be directly stocked or traded. So how could a cryptocommodities market work? Project Chicago aims to understand these new generation of financial instruments that can be created. This includes the study of oracle-based and in-protocol futures for Bitcoin block and UTXO space, and for Ethereum state and block space”

So they want to bring derivatives to cryptocurrecy. LINK holders have speculated that LINK would capture a share of the $1.2 quadrillion derivatives market in traditional financial markets. But what they're proposing here in this project Sergey tweeted about is bringing derivatives to crypto through crypto-commodities (and specifically oracle based ways to do this, obviously chainlink). Correct me if I’ve understood this wrong.

This is why investing in smart contract related tokens is way smarter than "muh crypto as a currency" like Nano or Ripple. All that currency cryptos can do is move money around fast and maybe cheaper than traditional bank transfers etc.

In contrast, smart contracts (using oracles) are able to CREATE new opportunities for money TO BE MADE. It's not about saving money but creating value.

>>8230009
yes but the token node operators are paid in is tied to ETH

>>8231373
No you didn’t. You’re thinking of regular derivatives. Crypto derivatives and crypto commodities are a new concept as of like TODAY and we just basically had confirmation that LINK will be used in their development.

>>8231013
its a total shitcoin, i knew that from day 1. shit’s gonna go down, die slow and painful.

>>8231496

To clear this up for you, we will all be millionaires in 24-36 months.

>>8229318
>LINK is just a meme

>>8231577
Checked. 7's don't lie.

>>8231579
100K EOY ez

>>8231319
NEMOJ JEBENO PRODAVATI JER SVI SMO U OVOME ZAJEDNO!

NE POTCJENJUJ MOĆ POZITIVNOG RAZMIŠLJANJA! POGOTOVO NE KOLEKTIVNOG POZITIVNOG RAZMIŠLJANJA!

OVO SRANJE ĆE LAKO DOSEĆI $1,000! DRŽI TU MISAO I VIZUALIZIRAJ JE U SVOM UMU ŠTO ČEŠĆE MOŽEŠ POČEVŠI OD SAD I TO ĆE POSTATI STVARNOST! UČINI TO! UOPŠTE SE NE ŠALIM!

VIZUALIZIRAJ ŠTO ČEŠĆE I DETALJNIJE MOŽEŠ!

SVE JE ENERGIJA I VIBRACIJA PODESI SVOJE VIBRACIJE U SKLADU SA TIM OD NOVCA I ON ĆE POTEĆI PREMA TEBI

>>8231255

This really doesn't help me at all understand what derivatives are

>>8231335
Why would link be better than 0x for derivatives?

>>8229318
I really hate the $1,000 EOY meme, but if ChainLink is used for derivatives then $1K is a low estimate for the price of LINK. Maybe not end of year, but eventually it will be huge.

>>8231525

>>8231675
>still caring about 0x, the summer hype coin

>>8231496
And one thing people don't understand is that fast currencies are actually worth LESS. The faster you can transfer a currency, the less total value it needs to be able to handle all the value being transacted.

>>8231403
>you are in every fucking thread saying the exact same shit
It's a new pasta in the pastachainlink
the rate of new pasta added to the chain is growing at an alarming rate

Can anyone explain what derivatives are for a brainlet like myself?

>>8231655
Derivatives are like where the value of the thing you’re investing in doesn’t come from the object itself but is derived from it - like futures.

https://www.investopedia.com/terms/d/derivative.asp

So if you had a commodity in crypto (in traditional markets this would be like wood or orange juice) then you can have futures of that. The Chicago project website explains it well. dyor

>>8231675
First. It’s not derivatives. It’s crypto-commodity based derivatives, something that has yet to be invented.
Second. LINK is better because look at the tweet in OP pic. LINK is better because it seems like they’ll actually use it.

>>8231496
So what you're trying to tell me is the remake of trading places is going to be with GAS commodities? what a time to be alive. Can someone meme me some images plz

>>8231929
http://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

Look at this infographic to see how big the derivatives market is. People have been talking about derivatives as a use case of LINK and obviously you can see from the infographic how huge that would be.

Now imagine that LINK was used to create a derivatives market based on cryptocommodities. Imagine if this was actually in development by academics.. oh shit it is cuz they just retweeted something saying they would. We’re all gonna make it

>>8231929
>>8231952
A better way to understand it is to understand the purpose of derivatives: their fundamental purpose is to protect buyers' from the future volatilty of the price. So if a baked-goods producer wants to buy wheat, they might want to buy it at a guaranteed price in the future, and to do that, they'd buy a type of derivative instrument.
Of course, derivatives can also be used by speculators and traders.

Crypto-commodities themselves aren't necessarily derivatives, like >>8231973 mentioned but we'll most likely see derivative-type instruments used, especially around cryptocurrencies themselves.

Of course, you can see where LINK comes in: any time reliable trusted data, and secure payment messages, are required for potential smart-contract adoption, there's a use-case for the LINK network.

>>8232079
>projectchicago.io
>Cryptocommodities are analogous to physical commodities (e.g., food, grain, lumber, metal) that are traded in traditional financial markets.

>Like these conventional commodities, blockchain commodities are critically important to blockchain-based industries, and fluctuations in their prices pose a business risk. (Recent, high Bitcoin transaction fees, for example, were crippling.) A critical property of physical commodities is that they can be stored and delivered under contract. The resulting derivatives market (financial instruments based on commodity prices) is instrumental for managing and alleviating the business risks associated with surpluses and shortages of the commodities they rely upon. In contrast, cryptocommodities such as Ethereum Gas and Bitcoin block space cannot be directly stocked or traded. So how could a cryptocommodities market like, say, the Chicago Mercantile Exchange, possibly work?

The answer is “oracle based solutions” like LINK.

>>8231403
You are all MANIACS! This meme has gone too far.

>>8231460
knapp 8k

Id like about 33k link what to sell?

>>8231132
We haven’t even reached peak retard. We’re all in this together

interesting that no one has mentioned that ari juels is part of project chicago. too obvious?

>Looking into getting a share of the derivatives market
>Not looking into Fortuna

I'm a LINK holder since ICO but guys, FOTA is about a $10 million market cap right now...

>>8232225
Xrb

>>8232434
why is there a cross?

>>8232468
he died :(
just kidding

>>8229396
Derivatives market is huge (bigger than the bond market). Basically financial products people often buy to hedge against risk (Eg a swap is where two counterparties agree to pay eachother the interest on a notional amount. One pays fixed and one pays floating. You can buy these things for 50 years in the future).

Currently each party has to sign a giant legal document, prove they're big enough to take on the obligations, and lodge some collateral with an exchange or clearing house. They're then
obligated by law to pay the agreed terms.

All of those extra things are necessary to ensure the counterparty pays up. You have to trust all those middlemen, and they all take a cut.

Now imagine the same swap could be executed by a computer, trustlessly. That's a whole lot of middlemen and risk you're cutting out.

>>8232434
I just saw that myself looking over the projectchicago.io website.

>>8232434
Yeah it just double confirms that project Chicago and LINK will be intimately connected. It’s not too obvious - most link holders are now retards who only hold for the memes.

>>8232468
He’s dead. RIP

>>8232495
lol, could have used an asterisk or something instead

>>8232500
PLS DELET SIR

>>8229406
Futures and options. (I recently learned futures exist on magic the gathering cards, the market is that serious).

Basically you know how CBOE has bitcoin futures? Those are normal products to have on commodities (Wheat futures, gold futures, currency futures, etc). It was natural they'd crop up at some point, and whether by sergey and this CL friendly company or not, more and more crypto derivatives will exist in the future as the crypto-space matures.

They're called derivatives cause they DERIVE their price from the price of the underlying asset.

>>8232500
Yes.

Just to repeat: project Chicago wants to bring derivatives to crypto. Not using smart contracts in traditional derivative markets, but creating a new derogate market based on crypto commodities - these are forms of computation or block space, rather than traditional commodities like oranges or rice.

>>8232556
>magic the gathering

>>8232556
One thing I’m not sure about. Would cryptocommodities include stable coins, say, pegged to the price of gold or oil or other IRL commodities? They don’t talk about that on project Chicago site so maybe I’m not thinking about it correctly.

>>8232434
what? lmao its real https://projectchicago.io/ holy shit so the derivatives thing wasn't a fucking meme, what the fuck

>>8229318
Blockchain represents chaos. It reminds me of how Adam and Eve were in paradise, but a malicious snake doomed them with false promises, just like all the shills here.

You also need to sort smart contracts out, or how would you say it... They'll pump new useless stuff all the time to fill the void, like PoWH and MOBIUS and man, that is NOT good for you. LINK represents value and transcendence. It literally unites the smart contracts with real-world data, this represents the death of god. This is what Nietzsche was talking about all along.

In Jungian psychology, and I find this tremendously intriguing, you need to be able to contend with yourself in domains out of your comfort zone.

That includes being made fun of on Bhutanese basket-weaving forums for your decisions in life, all of the FUD, the highest of highs and the lowest of lows. But, in order to grow and extend your physical manifestation in this world you must endure this. And once you've made that trip, to hell and back, oh man, you've EARNED your place in the book of legends.

>>8229407
I sold honestly. I've been holding this shitcoin for far too long.

>>8231335
>shit posting elsewhere

>>8232667
JPbuysomemeaning.png

>>8232539
Daggers are quite commonly used in lieu of asterisks, especially in papers with equations in.

>>8229318
>he didn't portmaneteau the new phrase: cryptomoddities
You're fucking welcome, normie scum; I'm just gonna keep accumulatin' until the day of the rope.

>>8232627
If there's a demand for it it will exist. My first thought when I read it is ETH. If your business uses a lot of smart contracts, you'll need an amount of ETH I guess. You can't plan 1 year into the future cause the price of ETH is so volatile. I assumed it would be for stuff like that (And loads of other utility tokens I guess).

I think what these pajeets are missing is a crypto-commodity derivative smart contract is exactly the same as a commidty derivative smart contract. Both will need oracle data, both will ensure trustless delivery of the asset, both can be cash settled.

>>8229318
This Chicago project page retweets basically anything tho, dont get me wrong im happy that this connection between Ari Jules and Chicago is more clear now, but it could be better news.

>>8231231
fuck your positive thoughts. Im a positive person too but I think like a pessimist and plan for everything to happen because shit will happen, shit always happens and when you dont think anything will go wrong shit goes wrong.

>>8231395
1000€ confirmed

>>8232633
How many times do we need to repeat this isn’t derivatives, it’s derivatives based on crypto commodities (computation and blocks etc). This is an entirely new thing, it’s not derivatives

>>8232912
>I think what these pajeets are missing is a crypto-commodity derivative smart contract is exactly the same as a commidty derivative smart contract. Both will need oracle data, both will ensure trustless delivery of the asset, both can be cash settled.
Fuck yeah!

I actually think that cryptocommodities and their derivatives will take off before traditional derivatives because people involved in crypto are going to be more willing to experiment, whereas bringing smart contracts to traditional derivative markets would be met with a lot of resistance and reluctance just because it’s a new and untested thing.

Wow good news, sure to pump something righ-
oh wait, King Shitcoin is crashing so nothing else can grow right now

>>8232943
Wtf are you talking about. They’ve only done 7 tweets EVER

>>8233068
This is too niche and complicated to cause a pump purely based on the news itself. It’s difficult to understand. When it all comes to fruition we should seen price rise. This is better than hype pump right?

>>8232436
Just sold all my FOTA for LINK

>>8233070
>the absolute state of LINK FUD

>>8233087
sure it's better than a hype pump
but when it all comes to fruition and King Shitcoin is still having a hissy fit nothing will happen
Bitcoin ruins everything

5 Days.

>>8233107
>Bitcoin ruins everything

It really does. I'm sick of this obese coin fucking everything up.

>>8233057
Yeah you're right. I dont think it'll take long to branch out though - as soon as they have working contracts for cryptofutures, it wont be hard to convince normal financial firms to hedge using trustless software.

>>8231335
You're right anon, shit's getting stale.

>>8230028
true. But on the other hand the bear market might last 2 years. I find it unlikely that ppl will engage in new tech in a downwards trend even if LINK is revolutionary.

>>8232436
It’s not the derivatives market for fucks sake. It’s CRYPTO derivatives.

>>8233150
Even if traditional derivative markets are never even touched by LINK, if project Chicago creates cryptocommodities with LINK that alone should be a big deal.

>>8233397
The speculative shitcoin market where you trade tokens on binance has little to do with the adoption of smart contract technology. They will use the tech and price will reflect that eventually. They don’t care about whether bitcoin is up or down, they will use the tech.

>>8231403
>he thinks it's the same two people posting each time
That's cute.

>>8233397

Wrong. Some of the most successful and revolutionary businesses were founded during the worst market conditions in history. Businesses looking to use link as an oracle solution for their DLT projects have absolutely no reason to care about the token price decreasing. Relative to fiat, the price to transact on Link's network doesn't necessarily change just because the price of link tokens goes up or down.

>>8233137
>If I die, grypdo die too XDDD

>>8231740
Rephrase this/elaborate

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!


EVERYTHING IS ENERGY AND VIBRATION
ATTUNE YOUR VIBRATIONS TO MATCH THAT OF MONEY AND IT WILL FLOW TO YOU

MEDITATE DAILY AND VISUALIZE LINK REACHING $1000 IN THE PRESENT MOMENT FROM YOUR HEART CENTER

WE WILL ALL MAKE IT

>>8233589
Another meme is born

>>8233589
>>8233589
>you are in every fucking thread saying the exact same shit
It's a new pasta in the pastachainlink
the rate of new pasta added to the chain is growing at an alarming rate

>>8234427
>the meme singularity comes just days before the price singularity

>>8231335
You're right, honestly

>>8232620
God I hope someone shoots this fat squishy little kike

>>8234427
Wait is this pasta too? How deep does this meme go?

retards dumping is the ultimate buy signal

>>8234675
Shit nigga

>>8233589
Sheiit nigga even this is pasta

>>8232572
>>8232556
>>8232511
>>8232500
project Chicago has under 100 followers does this mean normies don't know about this yet? Are they super under the radar?

>>8237354
Their account has existed for 2 days. They are new

>>8231403

I haven't seen this addition before

>>8231622
Dubs don't lie either bruh.

>>8237644
>>8237666

Wtf is this real life?
Responding to dubs and getting dubs and trips?
I am going to be a linkillionaire for sure.
Taking out a loan to buy LINK now.

>>8237354
>has under 100 followers
>they super under the radar?
If that's a euphemism for being shit and no one caring about them then yeah sure

>>8229318
$1,000 EOY

>>8237695
see
>>8237609
then kys

>>8237695
I take it you're 100% in TRON anon?

>>8229410
>baseless FUD
Try adding 3 more zeros shill
>>8231035
$1T by April.

>>8229318
like everything thats has to do with link its all speculation by some NEET grasping at straws and dreaming of being rich

Derivatives for fees and gas to stabilize the memeconomy. Singularity almost complete, just need baskets and cryptomortgage backed commodities so we can havea crypto credit default crisis that crashes the fiat credit market via speculative trading of crypto derivatives.

>>8232225
Te buzi

>>8237794
Wrong.
Read the thread.

>>8237797
kek

>>8237777

ALL THESE FUCKING DUBS TRIPS QUADS AND SEVENS WHAT THE FUCKKKK LINK

>>8237900

AND I GET DUBS AGAIN FUCK ME

>>8237900
>>8237922
oh jesus

>>8237644
>>8237666
>>8237900
>>8237922

This is getting fucking ridiculous.
Can I ever stop getting digits????? LINK??????? WHAT???

>>8237922
Dude stop getting dubs.

Fuck me for being crippled and poor. Literally only managed to accumulate 540 link in months. Am I going to make it? Tell me I'm going to make it..

>>8234675
What does this even mean?

>>8238137
No excuse. Thats pathetic. I work a mcjob and breached my 10k goal and am about to breach the 15k milestone. Might be lookin at 20k someday

>>8238062
Dude I'm fucking trying.

>>8238266

THIS IS NOT FUCKING REAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAL

>>8238266
Top kek

>>8231874
That is pasta to the pasta btw

>>8231082
>Most people just fly over threads and think LINK threads are noise.
I used to do this

>>8238327

The almighty kek has me and LINK by the balls, bro.

Im holding 17 LINK.
Really want to drop another hundred $ in.

>>8231496
Woah. This would stabilise crypto prices.
That would be fucking incredible.

>>8238278
Welcome to Link.

>>8238343

>>8237757
1000% ALL IN LINK BAYBEE!!!!!!!!!!!

> tfw waiting for my 1k linkies buy order to fill

holy fuggg look at that sell wall

Linkies getting excited over literally nothing increase again
Lmao

>>8238409
Wrong retard, it would kill our shot at making any money

>>8237644
>>8237666
>>8237922
>>8237900
>>8238266
the chosen one

>>8238378
How many stinkies are you holding my dude?

where can i buy link??? halp

>>8233804
The more value held up in transactions, the more valuable the remaining currency has to be to cover everything. Liquidity decreases value, scarcity increases it.

>>8230477
>1050 pajeets

>>8238995
Holy shit...

>>8239451
will link coming in and out of big transactions cause fluctuations in price, though?

>>8231577
this saturn cube meme is absolutely incredible on a very deep level
almost too deep

>>8239440
San up for a binance account, send eth or btc over, and buy link. Ise my referral code if you feel like helping out a fellow bizraeli 11288513 but either way that's how you do it.

>>8238759
you mean the 50k one? lol

>>8239529
Fuck my spelling was really bad here

Where did the tweet go lads?

>>8239549
50k sell wall demolished, down to just 13k now.

>>8238163
I believe he wrote a book about the coming next industrial revolution and smartcontract.com / ChainLink are directly referenced in the book.

>>8229406
A fancy, Wall Street version of Bitmex, for degenerate gamblers to bet on a line on a graph going up or down.

Derivatives are the most risky form of trading there is, and it's botted to hell and back by the Wall Street firms.

This is basically Wall Street sniffing around the money being made by places like Bitmex. They have no faith in the actual product, but the idea of skimming millions off suckers...er, "customers" like you is appealing, they already do it on a wide variety of contracts. Where do you think places like Bitmex got their business model from?

The key difference is any margin trading done by firms in the US will have laws and regulations overseeing how they operate, so they won't be offering insane margins like Bitmex does, or allow wash trading, and access to the API for botting will cost you big money, if at all. You'll be competing with Wall Street firms who will eat you alive before lunch.

If any of it's true. I'm skeptical.

>>8239634
It’s still there...
>>8238409
You’re thinking of stable coins. That’s not what this is

>>8239763
Chainlink has zero mention and there's just a link to smartcontract.com as an example of what smart contracts are because it's the first thing that pops up when you Google

>>8239770
>This is basically Wall Street sniffing around the money being made by places like Bitmex.
That’s not true at all. Project Chicago is run by academics, not Wall Street! They probably only want to invent cryptocommodities and derivatives as an exercise in autism or because they like coding.

>>8229318
Oh, christ, i should have known. This "Project Chicago" is a university teacher who's grouped with 3 other Ph.D candidates who are studying crypto. This isn't a sign of anything other than these guys are interested in researching the topic, not that "crypto derivatives" are coming to Wall Street any time soon. Nothing "confirmed" at all, it's a huge nothingburger by a Link spammer.

LOL.

Fucking 4chan. This is all just more Link pump.

>>8231525
Cryoto Derivatives are a new concept? What the fuck do you think Bitmex is, dummy?

>>8239961
>>8239935
You don't get it. Also, one of those people is Ari Juels.

>>8239935
FWIW Ari Juels is a co-author of the ChainLink whitepaper and he's also a team member of Project Chicago.

>>8239842
It's run by ONE professor and 3 Ph.D candidates, you filthy fucking spammer. And all they're claiming to want to do is research it, nothing is "confirmed" you fucking retard.

>>8239529
>>8239586
thanks m8

>>8239999
well shieetttt..

>>8239996
I get it just fine you fucking retard LINK spammer.

Fuck off already pajeet.

>>8240023
No, you really don't get it because you just compared it to fucking Bitmex

>>8240056
he holds link, hes fudding it
dont get baited

>>8239775
Lol you don't know what you're talking about please read more and post less

>>8240006
This is another reason crypto is so different than previous business ventures. Previous ventures like IBM or Apple or google start with the academics but then it moves to the venture capitalists and entrepreneurs to get the stuff off the ground. That takes time and money.

It’s a little different with crypto because the academic research is the product itself, I.e. the coding, developing, and programming that someone like project Chicago is working on.

That’s why the crypto space moves much faster than traditional finance or business industries. The people doing the academics (like ari Juels), just deploy the coding to the internet and the ideas can move forward because communication allows horizontal cooperation. Traditional ventures required more vertical research to launch processes, plus the fact that crypto has made all these academics rich, they can do the work AND finance it being launched.

Rise of the nerds faggots.

>>8240171
Wigger, please. Try to peddle your bullshit in your high school, they might buy it there.

>>8240056
I thought I told you to fuck off, pajeet?

FUCK. OFF.

>>8231255
The derivatives market is in the quadrillions. No, seriously.

>>8239935
>>8239961
>not that "crypto derivatives" are coming to Wall Street any time soon
You clearly don't understand. This has NOTHING to do with wall street, Cryptocommodities and derivatives wouldn't be traded on wallstreet. Read this thread/their website and try to understand.
>Crypto Derivatives are a new concept?
Yes, read their website. They aren't based on commodities like in the real world. They don't even exist at the moment.

And it pretty much is confirmed, see >>8239996 >>8239999

>>8240006
It's Ari Jules, he wrote the LINK whitepaper and now he's started a group that aims to create crypto commodities and derivatives via oracle solutions, and the group just tweeted this LINK shill account. What more do you want?

>>8240023
You dont get it. its not the same thing as derivatives in the current market.

>>8240171
Good points

>>8229318
Nobody truly knows what the future of LINK will be. But I think it's crazy to not hold some of it. The returns could be very very big and it's trading under .50 cents.

>>8239935
>>8239961
>>8240023
>>8240203
>>8240225
Here I'll copy and paste the important bits for you again so hopefully you can understand now and stop embarrassing yourself.

>Cryptocommodities, very simply, are raw resources used for blockchain transactions. The main examples are various forms of blockchain memory (e.g., block space or space in a UTXO set) or computation (e.g., gas in Ethereum). Cryptocommodities are analogous to physical commodities (e.g., food, grain, lumber, metal) that are traded in traditional financial markets.
>Like these conventional commodities, blockchain commodities are critically important to blockchain-based industries, and fluctuations in their prices pose a business risk. (Recent, high Bitcoin transaction fees, for example, were crippling.) A critical property of physical commodities is that they can be stored and delivered under contract. The resulting derivatives market (financial instruments based on commodity prices) is instrumental for managing and alleviating the business risks associated with surpluses and shortages of the commodities they rely upon. In contrast, cryptocommodities such as Ethereum Gas and Bitcoin block space cannot be directly stocked or traded. So how could a cryptocommodities market like, say, the Chicago Mercantile Exchange, possibly work?
>[Answer: through] the study of oracle-based and in-protocol futures for Bitcoin block and UTXO space, and for Ethereum state and block space, as well as rigorous study of potential instruments covering network resources

>>8239770
assblaster was right then.

>>8239999
>>8239999
>Ari Juels
so hes shilling something hes personally invested in nothing new

>>8240450
This is a super small speculative project I wouldn't get too excited

Someone market bought 100k link in the wee morning hours today

>>8239935

>>8231231
>>EVERYTHING IS ENERGY AND VIBRATION
No larp
You are pretty close anon, but shit is information. digital.
You can change reality to some degree with intent
I think you would really dig this guy

https://www.youtube.com/watch?v=ogmBfwcIhug&t=194s

>>8240477
oh im not. I fell for link meme before. I think its a good prject but i also think that there all people shilling this thing too know end to fuck with people at the same time.

im confused and having fun lol

>>8240465
>>8240477
>>8240508
If you can't see the potential of what's being discussed ITT then I feel really sorry for you because you might be clinically retarded. I mean it, you might have a learning disability.

>>8240479
I bought 100k LINK between 0830 and 0900 GMT but it wasn't a market buy. I was just getting impatient and kept moving the order up because I had to go to work.

>>8240508
It's a real mind fuck isn't it? Shilling and FUD to the extreme. But I think it's a good project.

>>8240547
for being a little skeptical lol? This is what joining a cult looks like everybody

>>8240549
yeah it is

>>8240477
Is it super small though? Total supply is 1 billion tokens and at a price of $0.50 its valued at 500 million. Is that a fair valuation for Link's risk/reward profile? Don't get me wrong, I think Link is undervalued, but maybe not too extreme.

>>8240547
Everyone in this thread sees the potential you stupid fucking retard otherwise we wouldn't fucking be here.
>HUUURRRRRRR DERIVATIVES BIG MARKET CRYTPO DERAVITAVES BIG MARKET TOO ME SO SMART FOR SEE THIS

>>8240576
>>8240576
this is about the time you get a meme response 1000$eoy

ill probally get dubs or something too

>>8240576
>what is circulating supply

>>8240758
Why only look at the circulating supply when you try to find a fair value for any crypto project. That is one reason why BTC is still king, there is no entity sitting on hundreds of millions of it like with ALL of the ERC20 token.

>>8233010
>projectchicago.io

This is genius...many companies will buy option contracts of fuel and other production supplies in order to solidify their books some time years in advance in order to generate an accurate profit/loss accounting for a quarter. A business wouldn't want to use cryptos if they couldn't set in stone the cost of business for crypto-services each quarter ahead of time.

>>8240503
Woah that video....i feel like my brain is expanding.

>>8231335
>Coming to this board for actual critical discussion

>>8229318
>>8229358
Let's go boys

>>8229318
>>8231335

be commodities exchange social media guy
someone mentions derivatives on "blockchain"
retweet to seem "innovative"
link partnership confirmed boyos 1000 eoy

>>8231319
Tu es LOCO

>>8231082
>or be a complete retard with your money and just throw it at a random project like this to invest in link
Well, damn
You just called me the fuck right out, didn't you