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/biz/ - Business & Finance

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12367538 No.12367538 [Reply] [Original]

What do we know about this exchange, are they using Chainlink? Also, what does Riddle Anon know?

https://www.bloomberg.com/news/articles/2019-01-03/tesla-stock-on-a-blockchain-offers-hint-of-where-crypto-s-headed

https://ethereumworldnews.com/nasdaq-powered-dx-exchange-goes-live-today-january-7th/

>> No.12367547

>>12367538

>>/biz/thread/S12356555#p12362901

>> No.12367551
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12367551

>>12367538

>> No.12367569

>>12367538
im too dumb to figure these things out but heres a bump

>> No.12367580

They are actually using Oraclize. Stinkies btfo

>> No.12367586

It means mainnet is live and does not affect the price

>> No.12367608

>>12367538
Their EU version is live, not their US version.

>> No.12367610

>>12367580
Oraclize + mobious + rhodus. They tweeted about it yesterday.

>> No.12367694

>>12367538
Literally making shit up. Do you want to believe?

>> No.12367699

>>12367538
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.
'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Ethereum hit. Happy gambling though anons.

>> No.12367740

>>12367610
Sensible and responsible women do not want to vote." - Grover Cleveland (22nd president of the United States)

>> No.12367746

>>12367538
>DX.Exchange, which has offices in Estonia and Israel, will offer digital tokens based on share of 10 Nasdaq-listed companies with plans to expand to the New York Stock Exchange as well as in Tokyo and Hong Kong. Each digital security is backed by one regular share and holders will be entitled to the same cash dividends, even though the companies themselves aren’t involved.

How do you think payments of derivatives will occur on a tokenized stock if Ethereum’s blockchain has no information outside of what already exsists on-chain?

You will need an Oracle, of course.

And how would an Oracle properly input Data in a safe, secure, and tamper proof method?
By using a network of decentralized oracles, of course.

Hold me boys. We are going to make it. There is no reason to be a no linker at this point.

>> No.12367753

>>12367746
Dividends****

>> No.12367762

Answer aggregation also started today
https://github.com/smartcontractkit/chainlink/pull/876

>> No.12367777

They’re using a private chainlink network because there’s no mainnet yet

>> No.12367788

>>12367777
Dubs confirmed

Linkies btfo yet again

Rekt

>> No.12367808

>>12367788
>Dubs
Newfag

>> No.12367819

>>12367788
You need to go back.

>> No.12367836

>>12367788
Trips confirmed

Linkies btfo yet again

Rekt

>> No.12367921

>>12367788
Brainlet. That wasn’t fud. This is only the beginning.

>> No.12367987

>>12367921
Other Anon doesn't get it, brainlet confirmed.

>> No.12368012

>>12367777
Boom, checked and confirmed by QUAD 7's. We are all gonna make it, well most of us excluding a few brainlets.

>> No.12368112

>>12367538
Riddle anon here. I'm sorry. Please forgive me. The truth is out there. Do you want to believe?

>> No.12368563

Bump

>> No.12368814

>>12368112
Don't listen to this imposter. I am the real Ridden anon. The truth is out there.

>> No.12369568

>>12367746
Except Chainlink isn't on mainnet, so they aren't using it.

>> No.12370182

>>12367746
>How do you think payments of derivatives will occur on a tokenized stock if Ethereum’s blockchain has no information outside of what already exsists on-chain?
They arent putting derivatives on blockchain. They bought shares in American companies and then will give you an erc20 token that is a 1:1 redeemable value. Redeemed only through their exchange and erc20 tokens without the respective companies permission.

This isnt some payment contract that linkies want it's another establishment trick. Your erc20 tokens wont affect consensus of anything. They arent even blockchain.