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/biz/ - Business & Finance


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13101062 No.13101062 [Reply] [Original]

Seriously.

10% of people understand what crypto is
5% of those understand what smart contracts are
1% of those people understand the last critical hurdle for real world utility of smart contracts

That's you. And a few f500 CEO/CTOs.

Get ready for the ride fren. You earned it

>> No.13101297

you earned it too, fren. we earned it

>> No.13101326

>>13101062
I browse this board and shitpost but barely know how a block chain works.

>> No.13101343

Chainlink is building the infrastructure for the future utility of blockchain, which is smart contracts. Meanwhile at leddit theyre arguing over how to get hotdog vendors to use bitcoin.

>> No.13101351

>>13101326
You might want to learn so you really appreciate how ingenious and revolutionary bitcoin is. That said, Chainlink is a vaporware funding token that got memed too hard and some anons actually fell for it.

>> No.13101358
File: 82 KB, 655x650, 552EA1BE-6163-4B41-937E-B49189FD4150.jpg [View same] [iqdb] [saucenao] [google]
13101358

Congrats everyone we’re the Jews now

>> No.13101363

>>13101062
I bought it because of fat Sergey memes I don't even know what consensus algorithm link uses.

>> No.13101366

>>13101062
source: nothing
yeah i would love to feel like im lucky but the price is still .40 cents with no hype to looks forward to, if ive learned anything from chainlink its that they are extremely anti hype, making me feel like we will be at under a dollar for years...and i know 3-5 years aint that much but when youre thirty and failed at everything else it is a lot of time. Very vicous cycle, theres a decent chance we will make it but we are at the mercy of whales, links none existtant marketing, etc
if this fails that means ive failed for more then 30 years of my life...someone give me some hopium please right now kms seems like a cery easy and stress free option

>> No.13101369
File: 68 KB, 518x572, $LINK customers.jpg [View same] [iqdb] [saucenao] [google]
13101369

>>13101351
yep, nice funding token. pic related.
now who's your daddy?

>> No.13101380

>>13101369
Is this real? How come there is no discussion about this image?

>> No.13101390
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13101390

We will all make it frens, I love you all. My favorite board and my favorite shit posters. I will tell my grandchildren stories about all of you.
God speed marines
God speed.

>> No.13101395

You earned it frend

>> No.13101397

>>13101380
because muh stealth mode
discord trannies, also known as swing linkers, are buying in as we speak

>> No.13101400

>>13101297
For every month of waiting there will be a month of euphoria
The first time cnbc is explaining what these smart contract things are
The first time a boomer CEO talks about how he feels bad he's letting his back office go but its the right thing for the company
The first time million dollar buy orders jockey for position on coinbase
Month after month after month

>> No.13101402

>>13101343
>>13101351
this just goes to evidence OP's theory that 10% of people understand what crypto is. most people, even crypto 'investors' can barely wrap their heads around the currency aspect. they have no understanding of the remaining two parts of the equation, the blockchain and the consensus network, or how all three components in union provide the ability to engage in trustless exchange of value. it's unbelievably frustrating to see the beauty and gift that is bitcoin, just to get shouted down by normans cracking cheap jokes about muh ponzi, muh libertarian pedophiles, etc

>> No.13101404
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13101404

>> No.13101412

>>13101343
Exactly this
When the web first came out it made little sense why it would be better than email
Now email is a niche offshoot of what the internet truly is
And nobody can remember a time when they didn't get it

>> No.13101414

>>13101351
Bitcoin is revolutionary
So was myspace and AOL
Revolutionary gives you lots of press and lots of momentum
But real world utility is the infinite gravitational pull to all prices
Wise to think about this deeply

>> No.13101415
File: 840 KB, 1080x810, 1510321880336.png [View same] [iqdb] [saucenao] [google]
13101415

Its been a long road but we're not even half way there.

2019 - 30c-85c
2020 - 80c-$10.00
2021 - $12.00-$2.00
2022- $2.00-$9.00
2023- $9.00-$125.00
2024- $125.00-$75.00
2025- $75.00-$369.00

Stand strong

>> No.13101417

>>13101380
we have already discussed this to death, use youre three IQ points to do a search on waruso fucking moron

>> No.13101422

>>13101402
So anyone who calls out Chainlink for the shitcoin that it is must be a BTC-maximalist redditor now? Kill yourself.

>> No.13101426

>>13101366
This is the writing of someone who has only been a loser in life
Let me give you the perspective of a winner:
For a year the chainlink team did nothing publicly facing except update a github and pivotal
And now a new partnership with low tier players rolls out every few days
Along with public speaking by the whole team
If you were a winner, someone used to playing the game well, what would be the logical next step given the above?

>> No.13101432

>>13101380
This has been known by this board for the better part of a year
Lurk more

>> No.13101434

>>13101417
It seems all of the things in the image are just PoCs, why aren't there any recent tests done by these companies on the chainlink testnet?

>> No.13101443

>>13101422
BTC maximalism is appealing for people with marginal IQs who had a hard time understanding what that network was
They put in a lot of time and thought to get it and so they see a lot of value there
People who are actually intelligent get it very quickly and immediately see the higher value use cases
Hence the fact that all of the smart high end devs are working on projects other than BTC

>> No.13101451

>>13101434
Lets say you were a company with high value information looking to use a novel tech that also had hundreds of small new startups excited. How would you play that situation? This one is as simple as it sounds.

>> No.13101461

>>13101434
Appear weak when you are strong, and strong when you are weak.

The supreme art of war is to subdue the enemy without fighting.

Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.

-Sun Tzu
The Art of War

>> No.13101468
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13101468

>>13101397

>> No.13101482

>>13101451
The companies can still test using rather useless info.

>> No.13101519

>>13101402
I am one of this people. I have no clue what a consensus network even is. I do understand that smart contracts are limited without offchain data and that link is the frontrunner to connect the two.
t. 12K marine

>> No.13101527

>>13101482
They could
And they could risk outing the combination of data and APIs they intend to monetize
Or they could let the market protocols of the world own the network for the first few months
And then suddenly there they are
And will fully polished projects to boot

Bonus question: how can you make money off of this? (again, very easy question)

>> No.13101549

>>13101527
>Bonus question: how can you make money off of this? (again, very easy question)
By buying the token before it moons...?

>> No.13101557

>>13101426
>If you were a winner, someone used to playing the game well, what would be the logical next step given the above?
Loser here. What's the next step?

>> No.13101564

>>13101549
Extra hint then I'll give the answer: you can do this right now with stellar

>> No.13101573

>>13101557
When you launch something new, no matter how good you are or how smart, there are unforseen challenges
It is best to meet those in a non-public way if your product is one based on trust like Chainlink
Do you see now?

>> No.13101578

>>13101564
So why not buy XLM instead of link?

>> No.13101591

>>13101578
If you follow what I'm saying you should be selling some of your XLM right now and buying it back after ______
Fill in the blank?

>> No.13101615

This board is filled with blind newfags leading brainlet tier newfags. I miss the old /biz/

>> No.13101624

>>13101615
Share some wisdom or hold your peace

>> No.13101634

>>13101615
>I miss the old /biz/
looks like you missed the bullrun too faggot LMAO

>> No.13101647

>>13101573
>When you launch something new, no matter how good you are or how smart, there are unforseen challenges
>It is best to meet those in a non-public way if your product is one based on trust like Chainlink
>Do you see now?
Ah. Their public speaking and low-tier partnerships are signs of greater confidence and a trend toward greater transparency and publicity as they are less worried about unforeseen challenges that may damage trust.

Low tier partnerships limit the initial damage seen publicly after launch, too. While they've probably got almost all the issues they can think of sorted, there may still be problems that only surface with actual usage- better for these problems to surface with unheard-of companies than ones that everyone will pay attention to.

>>13101564
Not familiar at all with stellar. I dismissed as just another ripple. From a few minutes of googling, it's not clear what it is I can do with stellar that would be relevant here. :/

Maybe I was wrong to dismiss stellar.

>> No.13101657

>>13101591
I guess I'll just spell it out
No high value network is going to launch with all of its highest value participants in at the start
The risk is just too high
So do what the domb money won't: sell when the IBM worldwire announcement comes out and watch something like stellar.expert for trades/transactions volume as your buyback signal
Something very similar will likely happen with link on launch- for a few months the network volume will all be small ball startups
During that time the price will take a dip, so buy then when the product is less risky and cheaper

>> No.13101660

>>13101647
>Low tier partnerships limit the initial damage seen publicly after launch, too. While they've probably got almost all the issues they can think of sorted, there may still be problems that only surface with actual usage- better for these problems to surface with unheard-of companies than ones that everyone will pay attention to.
In case this isn't clear:

Next step that would make sense to me is mainnet used by small partners. Perhaps without even any announcement that mainnet is running on the part of the chainlink team, allowing partners to announce it themselves - perhaps after those partners have run long enough to sort out any issues on their end so that they're also comfortable publicly announcing.

>> No.13101663

>>13101647
That is a good response
I don't think you're really a loser

>> No.13101676

>>13101663
Thank you fren :)

>> No.13101876

>>13101414
If you don’t understand why bitcoin isn’t going away you don’t understand chainlink yet either.

>> No.13101990

>>13101400
how soon will any of these big things start happening?

>> No.13102016

Pets.com

>> No.13102026

>>13101062
what ride? shit is still 46 cents

>> No.13102062

>>13101990
Honest prediction from another liar on the internet
Late april first actual use of cl mn by trusted data providers and blockchain only companies
May for announcement of the things that make cl a monopoly eg swift docusign azure etc
June july aug literal whos flexing their who muscles using bank accounts
Oct and on: oh shit its actually happening

t. Fundfag

>> No.13102087

>>13101426
dude i honestly have no idea...mainnet? dont lose hope on me please im trying

>> No.13102162
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13102162

>>13101366
please be a larp, if not you need to stop being a faggot and feeling sorry for yourself and actually do something about it.

all these fucking retards crying about how CL hasn't had any marketing. Why the fuck would Sergey market CL to your typical normie wagie, like what would they actually do with this information.

Instead, Sergey is bumping shoulders with multi billion dollar corporations, the people who are actually going to use this shit. His marketing is behind closed doors and you literally have to be retarded to not see it working, just look at the co's that are going to use CL.

We are all going to make it and we are all in this together, never doubt that, not even for a second

>> No.13102184

Wrong OP. Its more like
1% of people understand what crypto is
.5% of those understand what smart contracts are
.05% of those understand the last critical hurdle for real world utility of smart contracts

We are smart money

>> No.13102229

>>13101412
>>13101414
On the contrary, email is still a foundational tool, it has persisted as one of the great killer apps of the internet for decades despite continuous developments that bring new features and potential on the web all the time. I expect Bitcoin to be similarly foundational. It’s silly to compare bitcoin to MySpace or aol.

>> No.13102396

>>13101876
I never said bitcoin was going away
I said its price will approximate its marginal value
You do understand what that means, dont you?

>> No.13102406

>>13101990
Take these and add 1-4 months
>>13102062
I December 2019 isn't epic i will delete my own dicks account

>> No.13102425

>>13102184
Take this as real advice:
you are overconfident
There will always be someone smarter
harder working
more desperate

Don't bank on those. Bank on your own discipline and patience

>> No.13102430

>>13102229
Remind me how much revenue email generates for the many companies who provide only email services

>> No.13102944

>>13102430
https://www.google.com/amp/s/www.campaignmonitor.com/blog/email-marketing/2018/12/70-email-marketing-stats-you-need-to-know/m/

>Time and time again, you’ve been asked to prove the effectiveness and ROI of your organization’s marketing efforts—especially when it comes to email marketing. And email marketing is the king of the marketing kingdom with a 4400% ROI and $44 for every $1 spent.

Email might be the boomer of the internet, but you probably still have one and email is still one of the best ways to target your demographic

>> No.13102951
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13102951

>>13101062
Good thread.
>>13101660
You are not a loser you clever.

>> No.13102978

>>13102944
Read his fucking post retard

>> No.13103001

>>13101062
Everyday I browse this shitty board, I come closer to believing Link is a cult.

>> No.13103011

>>13101380
goddamn NEWLINKERS

>> No.13103018

>>13103001
you think the yacht party is a joke?

>> No.13103081

>>13101062
>1% of those people understand the last critical hurdle for real world utility of smart contracts
>docusign latest Q4 earnings: growth and new highs across the board,
>will never utilize an oracle because there is no need

>> No.13103082

>>13103001
It Is a cult of a bunch of internet nerds who shit post memes and will most likely look at the track record of this place you think biz is wrong about link niggeer

>> No.13103507

>>13101062
Do I have time to accumulate by May? Will we see these prices for another few months? I'm so close to making a shitload of money and I want to grab 100K Link and then leave this board and start getting my affairs in order for the singularity

It has occurred to me that the sudden wealth will break many of us.

>> No.13104408

>>13101062
Curious when you think Chainlink awareness will slowly start to happen.

>> No.13104413
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13104413

>>13104408
stole this from the finns, who stole it from us.

>> No.13104442

>>13101415
>2017: empty room
>2018: empty room
>2019: empty room
YOU ARE HERE
>2020: empty room
>2021: abandon project AKA exit scam
>2022: ICO for the next scam

>> No.13104477

>>13104442
fuck off discord tranny

>> No.13104479

>>13104477
Cops harder

>> No.13104533

>>13104413
>Sergey is one of the smartest guys alive right now
Man someone should combine this post with Sergey's reddit TIL thread about the origins of nutella. A meme like that would kill biz in its tracks

>> No.13104550
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13104550

>>13101062
I've been posting here for 4 years and I have no idea what any of those terms mean. I'm not even sure what blockchain is.

>> No.13104558

>>13104533
what about the posts of serger giving thots bezos tier compliments and talking about that time he did dmt with joe brogan on the official sc reddit account?

>> No.13104560

>>13104550
A true patrician

>> No.13104568
File: 790 KB, 866x1152, SERGEYTIMECOVER.jpg [View same] [iqdb] [saucenao] [google]
13104568

SOON

>> No.13105091
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13105091

>>13101062
I've suspected this for a year now, that we truly are part of something special. Still, these threads never fail to make me happy to be reminded of it while living my mundane and poor life of a student. Thank you

>> No.13105151

>>13101062
Me on the right.

>> No.13105153

>>13105091
very relatable. also collegefag here

>> No.13105456

>>13102162
How many do I need? Currently have 3k link

>> No.13105540

>>13105153
how you holding up?

>> No.13105560

>>13101062
I have not earned it I stole it I’m a degenerate pedophile thanks you for this biz I have 22k and every month I put money in

>> No.13105636

>>13101062
getting ready to buy another 5k stinks as we speak

>> No.13105664

>>13101358
I cant wait to be a jew desu. Im gonna be the most annoying in your face jew to people... its going to be ridiculous

>> No.13105908

>>13102396
This isn’t stocks kek

>> No.13106068

>>13102406
screencaped that fag

>> No.13106176

ITT: delusional low IQ people patting themselves in the back because they bought a meme coin. the absolute state of this fucking board. reminder that ethereum went from 50 cents to 1000 dollars in 2 years, while releasing their main net (a whole platform, not a json parser shitcoin) one year after ICO, while link is still vaporware 2 years after the ICO. youre all clowns and need to go back to your mcdonnalds shift

>> No.13106190
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13106190

Levels of failure that the English language is incapable of expressing.

>> No.13106193

GOOD MORNING DELUDED FAGGOTS BWHAHAHAHAHAHAHHAHAHA
RANK 40 AND CLIMBING LOWER AHAHAHAHAHAHAHAHA EAT SHIT SIRGAYS

>> No.13106199

>>13101402
>muh libertarian pedophiles
kek'd

>> No.13106212
File: 713 KB, 1936x1376, white genocide faggot.jpg [View same] [iqdb] [saucenao] [google]
13106212

>supporting this white genocide gulping faggot

>> No.13106219
File: 133 KB, 930x1037, white genocide faggot2 - all kikes.jpg [View same] [iqdb] [saucenao] [google]
13106219

>supporting white genocide, the coin
>literally names ONLY jews
>not a single GOY named
really makes me fucking think

>> No.13106226

>>13106212
>>13106219
holy shit I might aswell sell and go in BSV at this point

>> No.13106240

>>13106219
>>13106212
this is the strongest fud

>> No.13106242

>>13106226
sergey is almost certainly a jew and is taking all these retarded goys money in the most obvious pyramid scheme ever

theres no way that he isnt a jew given his donations to support white genocide and his signaling posts that ONLY name jews

>> No.13106244

>>13106212
>>13106219
>being this desperate to find fud, literally spending time on Sergey's twitter to find anything wrong with the glorious man

>> No.13106251
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13106251

and of course we know (((vitalik))) is a kike. its no surprise that ETH is literally controlled and the reason why (((sergey))) is using it

>>13106244
what time is it in Tel Aviv scholomo?

>> No.13106351

>>13106242
hey bruv, maybe join me.. lets get out of these stupid, bad, boooo, stinky LINK threads and we open a cool, flashy BIRD thread. you know?
lets not waste our time here, BIRD is the revolutionary coin and it will make us rich, not these stinky linkys. We should focus on making BIRD great again, and stop wasting our precious time to bash this stupid vaporware coin nobody cares about. You with me?

>> No.13106581
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13106581

>>13101404

>> No.13106615

>>13104442
>ID: larp

>> No.13106818

>>13101451
get as much as you can get your hands on?

>> No.13106825

>>13101369
Fake and gAY kys

>> No.13106850

>>13102162
Thats funny, because rory was speaking to a room of 15 french queers at paris eth and then sirgay followed up by speaking to an empty room, begging to hand out free shirts to teenagers

These true events contradict your statement

>> No.13107080

>>13106850
who do you mean should be listening?
you think the CEO or CTO or whatever of [billion dollar company] will be sitting in the audience?

>> No.13107272

>>13104408
>>13104413
Awareness of this asset class can happen any time the smartcontract team want it to
If CL just posted a medium article with all of their actual partners and launch plans, they could steal the spotlight tomorrow

Imagine you're a hard working guy who has spent the most productive years of your life building all of this shit. When do you want the spotlight? Before the unknown launch date of your network? After the launch but before you know for certain that everything works perfectly? Or after the successful execution of a few hundred thousand service agreements when you know for sure that you vision will be a reality?

>> No.13107286

>>13107080
This.
These public events are essentially altruism for the community; the project has absolutely no need for them but they should be done if this is to be considered the standard trust asset in smart contracts.

Smart people will be doing EXACTLY what Sergey says: get nodes ready and offer APIs. There will likely be a few years time where publicly available free shit will be monetizable by people with even a cursory understanding of the value of all of this.

>> No.13107431

>>13107286
Thanks for the comfy thread op

>> No.13107503

>>13107286
why is the team so charitable for those who seek the truth? do they want neets to get wealthy?

>> No.13107542

>>13101062
Smart contracts are shit. I'm sorry to break it to you. The complexity involved in making things slightly faster isn't worth it. Complex smart contracts (Turing Complete ones) are extremely vulnerable to 'hacks'. You're left with the simple ones, if this, do that. They are basically already being used.

I'm sorry to break another thing to you, 4chan didn't stumble upon something remarkable and manage to retain sole interest in it because the whole crypto community around the world didn't get it, it's because nobody outside of here cares about ChainLink. People who actually understand tech as opposed to all the get rich quick kids who never had any background in programming or tech. The bags on this board have their own gravitational field due to their immense weight.

>> No.13107549

>>13107503
big belly but a bigger heart

>> No.13107566

>>13107542
Don't forget human error coding.

Just a matter of time until ethereum gets hacked for another hundred million.

>> No.13107567

>>13106212
>>13106219
>>13106242
>>13106251
>what is racial capitalism

>> No.13107578

>>13101062
Smart Contracts are extremely overrated
Prove me wrong

>> No.13107598

>>13107566
Here's something I realised that really literally made me think. The DAO didn't get hacked. Someone just found a loophole in the 'contract'. Code is law and it's taken as it's given, if there's a 'mistake' in it, you won't even be able to legally do anything to anyone 'hacking' it.

>> No.13107631

>>13107578
>>13107598
>>13107566
late adopter cope
you guys can be early adopters. buy BIRD

>> No.13107658

>>13107631
Nice canned response Prakeesh, I told this board about ETH in 2015 and got called a scammer for months. Fucking newcunt I've been here since this board was created. Go play with your pidgeon coin somewhere else.

>> No.13107681

>>13107658
i can smell the curry, ranjesh

>> No.13107682

>>13106193
>climbing lower
Holy shit

>> No.13107710

>>13107681
> i can smell the curry

What are you still doing here then? Mommy has finished making your dinner, go.

>> No.13107815
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13107815

>>13101062
>useless utility token (seriously, you don't need a dedicated token to do any of this shit, the explanation about "sending datas through the token" is plain bullshit)
>2/3 of the supply owned by sergey
>total marketcap is 450 millions for something completely speculative that is barely used at all
>delusional NEETs spamming this board all day patting each other thinking it will somewhat trigger a x100 from this point and save them from their absolute all-around misery

>> No.13107817

>>13107710
Damn, you are right. I cannot resist my curry.
Nevertheless, please buy FTM or BIRD.
These are the very best coins for early adoption.

>> No.13107820
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13107820

who here /severely depressed/? I have 12k LINK but deep down I know it wont change my life

>> No.13107953

>>13107820
That's almost 33 years worth of daily coffee, do not despair.

>> No.13108000
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13108000

>>13105456
it's not about how much you need, it's about knowing you got as much as you possibly could with the resources available to you.

Making it is relative; provided you got all you could, the position you will soon be in will be so different to that which you are already in you will consider yourself as making it.

>> No.13108006

>>13107820
pathetic

>> No.13108052

>>13108000
these are some of the wisest words fren
also: checked

>> No.13108566

>>13106219
>These white people were fleeing war
>They were smart
>So fleeing war is what makes you smart
>So these brown people are smart
Holy shit dude, cringe

>> No.13108578

>>13108566
jews are nothing but trolls you cannot take them seriously

>> No.13108585

>>13108578
I hadn't thought of it like that but if the whole world did then we'd be a better place.

>> No.13108813

Okay /biz/ give it to me straight. Is SWIFT gpi link chainlink?

>> No.13108824

>>13108813
noyes

>> No.13108916

>>13108813
SWIFT GPI link is corda used as the settlement layer with link used for current asset prices and relevant rates
Link isn't a smart contract layer, its the thing that allows all smart contract layers to do useful things

>> No.13108927

>>13108813
No

>> No.13108936
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13108936

remember biz chainlink is the biggest scam!

>> No.13108992
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13108992

>>13104550
i like your socks fren how do you like mine? my mommy bought them for me :)

>> No.13108998

>>13101062

>It's vaporware
>It's vaporware
>IT'S. VAPOR. WARE.

Cryptofaggots are just, ugh. Just admit you're gambling ffs.

>> No.13109085

>>13108916
Thanks! Gilded kind sir XDD

>> No.13109202

>>13109085
You have to go back

>> No.13109316
File: 531 KB, 600x600, 3W72119s5BjVzAoG6jH4TMXuVAzWqWXWjbXCAo5kNDSh1QMLhMhHPpreSa9AWs6C4dRS8xALvvLAYLZLxAnizPsLi4Rj42C1dBKWgu17ULzGaV8fR2iyqp.png [View same] [iqdb] [saucenao] [google]
13109316

>>13101062

>> No.13109344

>>13101326
>I browse this board and shitpost but barely know how a block chain works.
the CL team is on the same boat, only the go to plebbit and circlejerk instead.

>> No.13109426

>>13101062
> 10% of people understand what crypto is
> 5% of those understand what smart contracts are
> 1% of those people understand the last critical hurdle for real world utility of smart contracts
95% of those understand that reputation cant be reliably decentralized, you are in the other deluded 5%

>> No.13109474

these threads are the best because I breath in all this hopium and jerk off my hard dick while thinking about money.

>> No.13109510
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13109510

>> No.13109541

>>13109510
Amazing these are from over a year ago now

>> No.13109579 [DELETED] 

I have money on LINK but at this point both results are just too hilarious and orgasmic to be true, either it burns to the down to the ground become the greatest meme in 4chan, or it moons so hard that it surpasses trump in meme magick, it's actually so damn
transcendental that i don't even care about the money at this point, i just know i will be laughing for the rest of my life which is just priceless

>> No.13109589 [DELETED] 

>>13109579

holy fuck my id

>> No.13109598

>>13109510
what is this?

>> No.13109600

>>13109579
>>13109589
linkies are soiboys confirmed

>> No.13109643
File: 123 KB, 1252x704, checked.jpg [View same] [iqdb] [saucenao] [google]
13109643

>>13109600
>>13101366
>>13101400
>>13101422
>>13102944
>>13103011
>>13104477
>>13104533
>>13106244
>>13107566
>>13108000
>>13108566
>>13109344
Checked we all gonna make it

>> No.13109688

>>13109598
Anon, this is what makes you rich

https://create.smartcontract.com/#/profiles/HedgeFund?tab=info

>> No.13109728

>>13109688
Janus Capital Group?

>> No.13109745

>>13107820
embarrassing
sell your link now, you are ungrateful and dont deserve it

>> No.13109747

>>13109510
What am I looking at here

>> No.13109884

>>13105540
>>13105153
Collegefag reporting in with 12k stack. I’ve gotten better at focusing on classes, I graduate in a year. Would be nice to have LINK at $10 so I can travel for a while before having to get a job out of college.

>> No.13109891

>>13109688
>>13109510
It's Steve Ellis's test account. The Cyber Security Monitoring Oracle was a hackathon project from consensus 2016.
https://devpost.com/software/cyber-insurance-smart-contract>>13109510

>> No.13109941

>>13109884
There are enough traveling roasties already abroad. Save your shekels and chastity for a husband and the Lord, tramp. Save yourself before it's too late.

>> No.13109965

>>13109941
lmao, so traveling the world and experiencing new cultures will lead to my moral deterioration? Got it.

>> No.13109987

>>13109965
I just wish it was usually this straightforward. You've got a good head on your shoulders after all. God bless.

>> No.13109994

Don't buy LINK, it's obvious it's a poorfag ETH cope, buy ETH, it will moon as hard as LINK and with actual proven usage

>> No.13110092
File: 4 KB, 125x120, pepekashi.jpg [View same] [iqdb] [saucenao] [google]
13110092

>>13109994
>ID is S0i bQOY ??
get the fuck outa here!!!!

>> No.13110272

>>13109994
>soi boy
>shilling eth over link
absolute pottery

>> No.13110324
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13110324

>>13105664
That look on people's face when you're looking down on them like they are a worthless peasant and you can see in their eyes and body language that they think you just got lucky in life and then you just proceed to assert your crypto mogul dominance and degrade them some more and there's nothing they can do

>> No.13110723

>>13109987
Much love anon. Posting on mobile. I will make sure to keep the end goal in sight.

>> No.13110740

>>13101062
I still don't understand nor give a fuck about smart contracts.

>> No.13110841

Bump

>> No.13111379

>>13104413
When I first started learning about decentralized crypto platforms in 2016, I understood the value but the timeline to migrate enterprise applications would take a decade or longer. Then I found Chainlink and realized that the answer was to create a bridge between the old and the new.

>> No.13111422

>>13109688
is this old news? this is the first im seeing this.

>> No.13111837

>>13101402
Annoying to see Bitcoin detracted from like that, but even after everything, including wall street shorting, it still survives, proving it's value

>> No.13111852

>>13101326
A blockchain is like a chain letter that keeps growing in size.

>> No.13111909

>>13101402
Where can I get a good explanation of it. I feel like everyone who explains it to me is just regurgitating what someone else told them

>> No.13112059

>>13111909
1. Understand what blockchain is.
2. Understand what smart contracts are.
3. Realise that there is no reliable way to bring off-chain data onto blockchains. This is called a "problem at the edges".
4. Realise that if smart contracts had this data it would revolutionise the business world.

>> No.13112438

>>13111909
Blockchain is a ledger of transactions which consists of a chain of connected blocks. Each block has in it a big chunk of transactions. Each block has a header, which is like a label that is a big string of letters and numbers. One block is connected to the next in that when a new block is added to the chain, the current block's header is a mathematically difficult to find "rearrangement" (look up cryptographic hash function) of the previous blocks header and transaction data. Also, to "mine" a block a participant in the network (a miner) has to randomly try a shitload of different hashes until he finds one that meets the current mining "difficulty" (the desired hash must have a specific number of leading zeroes, for example) of the blockchain at hand. This is called a Proof of Work protocol.

The transactions themselves are secured by public key cryptography. Basically every user of the network has a private key and a public key. The user is the sole owner (most likely) of his private key but everyone has access to his public key that can be used like an address to send funds to. Funds are transferred from one address to another when an owner of a private key digitally signs a transaction to send funds. The recipient of these funds has the corresponding public key and can therefore verify that the transaction was indeed digitally signed by the owner of said private key, thereby making it incredibly unlikely that the funds were transferred without consent of the person associated with the public key (it is possible that the owner of the public key had his private key hacked or stolen or something). Essentially digital signatures enabled by public key cryptography ensure that transactions which occur on a blockchain were 99% intentional by the sending party.

Nakamoto consensus and mining decentralization. This one is pretty simple. Miners from anywhere around the world with electricity and an internet connection compete to find the correct hash. (cont)

>> No.13112511
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13112511

>>13112059
A miner somewhere finds the correct hash adds it to the chain and is now in possession of a copy of "the longest chain". They broadcast this new longest chain to the entire network and the network accepts it because it is the current longest chain. This process continues forever as long as there are miners and users of the network (people sending funds from one public address to another). The chief vulnerability of this method of consensus is that if a single entity controls 51% of the mining hardware or more then there is a 100% chance that eventually (in a matter of hours to days, depending on the amount of mining resources controlled) they will be able to send/spend funds in one block, and then privately mine a separate chain that outpaces and becomes longer than the real longest chain. They broadcast the fake longest chain to the real network and the network accepts it, thereby allowing for a double spend of digital funds. The whole point of decentralizing mining, that is, desiring for many independent nodes to be mining at disparate places around the world, is to prevent this sort of 51% collusion attack. In practice, it is someone undesirable to execute a 51% attack since the attacker usually has to mine a shitload of blocks and use a shitload of electricity ($$$) to outpace the real chain, making it financially unrewarding.

The result of all this is a chain of transactions that can't be argued with (is immutable) due to how difficult the protocol makes it to double spend digital tokens.

Extend this now to any digital agreement rather than simply a transfer of funds. Such digital agreements would inherit the immutability that these digital tokens enjoy. For example, I run a dairy and I expect the price of milk and cheese to dump because of a new line of soiboi products reducing demand for mine in the short term. I enter into a milk futures contract to lock in a price for my dairy goods to hedge against such a price drop. (cont)

>> No.13112539
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13112539

>>13111909
I could do this with CME or some other futures exchange but they will fuck me in the ass with bullshit fees and waiting periods. They might even try to find some legal bullshit to prevent payment who fuckin knows. But suppose instead I decide to enter into an identical futures smart contract on the Ethereum network. When the contract expires I sell my milk to the counter party and they buy it for the predetermined price. How does the contract know I sent the milk though? IoT devices like RFID chips. The buyers receives the milk, receipt is sent to the blockchain, the contract receives this trigger, and I get paid, no bullshit.
BUT, how does this data get on the blockchain? It does so by being fetched and processed by middleware called an oracle. And here's the punchline: oracles can't be centralized, they can't be run by a single entity, firm, whatever. There can't be a single node getting this data. If this were the case the whole point of blockchain (immutability due to decentralization, proof of work, nakamoto consensus) would be moot. Chainlink is a network of decentralized oracle nodes run by separate independent parties operating with the aim of preserving immutability of data at all stages of the execution of a smart contract on a blockchain.

>> No.13112544

>>13111422
Checked. Everything is a copy of a copy of a copy

>> No.13112556

>>13112438
>>13112511
>>13112539
based anon, snipped!

>> No.13112607

>>13101369
Literal who

>> No.13112628

>>13101426
Suicide?

>> No.13113174
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13113174

>>13112539
I knew it already but reading about it again actually makes my dick hard. Thanks anon great explanation. We're all gonna make it frens

>> No.13113401

>>13101451

They increase the price!

>> No.13113405
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13113405

>>13101062
>tfw pepecoin will be bigger than doge and link put together

Memetic is the way forward

>> No.13114306

>>13108000
checked and redpilled

>> No.13115176

Sip

>> No.13115421

>>13112539
so the smart contract is magic here? no explanation here

>> No.13115434

>>13101062
>03/23/19(Sat)21:56:14

this shit still up lol

>> No.13115448

>>13115434
Crypto is dead. Only people left are the ones still holding hoping for a second bull run

>> No.13115477

>>13115448
The people still holding are the ones who are gonna make it faggit. Checkum

>> No.13115521

>>13115477
checked

>> No.13115575

>>13115448
>hoping for a second bull run

how fucking new are you LOL

>> No.13115641

>>13115421
Some blockchains can work like computers, meaning you can write programs that execute on them. A smart contract is a such a program. You can write one that executes according to the inputs and outputs of a traditional digital agreement and hook it up to said input and output channels. The result is an immutable digital agreement that on which neither party can balk and which executes almost 100% automatically.

>> No.13115705

>>13106212
>>13106219

lmao white genocide. I bet you're a christfag too. fucking brainlet