/biz/ - Business & Finance

[Anonymous No.15549032]

With all the talk about economic theories and muh capitalism is better than muh gomunism and muh socialism is better than muh retarded other economic policy, i think its time to wake up and realize that the best type of economy would be a SMART CONTRACT ECONOMY.

Yes you fucking shit heads i'm talking about Chainlink. Now this is a high IQ thread so any brain-dead hurr durr 700k dump pfrrtt fud scam is not welcome here.

You retards always fight over each other about which is the better system without highlighting the essential flaw in every single one of your bullshit teams. EVERY single economic model has ONE major flaw that will be the collapse of said system, and that flaw is TRUST. In every system theoretically its assumed that laws are placed so that the players of the game will abide to those laws, and that's why communism is so good on paper, but in reality humans are fucking greedy cunts who always want to change the rules of the game. Same thing with capitalism, excellent in theory and mostly in practice, but with time as few top players grow in power they start to bend the rules without everyone else noticing, as they keep winning the game.

A SMART CONTRACT economy, can be based on any of those retarded theories, whether you are a commie fag or a capitalist fag. This will introduce TRUST as fundamental base of any economic model and allow it to be truly realized as it was on paper. When every player of the game has his every move dictated by self executing contracts, nepotism will die and corruption will become futile as everything would be transparent. You cant bribe a smart contract no matter how hard you try, and this is going to be the future of the world economy be it in the next 2,5,10, or even 20 years.

Chainlink is the blood of the 4th industrial revolution, with nodes transferring data like oxygen everywhere. Congratulations stinkers. You made it.

tl;dr, Smart contracts are the future of all economic models.
prove me wrong
>pro tip, you cant

[Anonymous No.15549049]

>imagine typing all that shit
Will OP be for once please not be a faggot?

[Anonymous No.15549060]

>>15549049
Banks own ChainLink
>sibos

[Anonymous No.15549075]

>>15549032

Look I hold Chainlink and I hold a lot of it, but there is absolutely no way it eliminates trust completely. You are forgetting that the universe operates based on Pareto distribution. The trustless model relies on every party having equal voting power, but because of Pareto this voting power will eventually end up in the hands of a few parties. Chainlink will be succesfull at making things more trusted, but not eliminating trust entirely.

[Anonymous No.15549116]

Thanks just sold 700k

[Anonymous No.15549169]

What do you think is happening OP?

[Anonymous No.15549177]

>>15549032

We need to create a test micro-civilization based on this premise to see how feasible it would actually be. How would it be set up? What would the requirements of the citizens and businesses be to live within it? Would there be a governing body or would everything be governed by the smart contracts? Who creates the contracts and how do we determine if they are fair? I've always said that in order for the perfect civilization to exist, it would need to be run by an artificial intelligence, making cold, logical decisions without emotions and based on the good of the whole instead of the individual. Maybe ChainLink can usher in this perfect society, but there needs to be a lot of thought and research put into it.

[Anonymous No.15549184]

>>15549075
This.

OP is correct that there will be a new governing paradigm soon - the powers that be will continue to fight against crypto for some reason, (I have no idea why,) and that will enable early adopters like us time to accumulate. The unstoppable economic efficiency of the systems we baghold will give us the financial power we need to overturn the current political system, and we'll see someone outside the republican/democrat party elected in burgerland for the first time in over a century. Social wellfare systems will be replaced with universal smart contracts, and humans will receive a UBI that is, effectively, the vote. Humans will receive this not out of kindness or charity, but because whatever sapient creature is at the top of the food chain will have a 'vote,' and the system's robustness is best served by a plurality of voters.

The question I have is, how many of the un-coined will die before we get there? It isn't often we see massive social or economic changes without violence or famine. And this time through, we have natural forces like a warming climate to worry about.

[Anonymous No.15549188]

Link is the foundation for the realization of the culmination of 1000's of years of human struggle, discovery and advancement.

[Anonymous No.15549197]

>>15549032
we talked about this 2 years ago

[Anonymous No.15549219]

Oh, P.S. check out David Chaum's work at elixxir.io - it's primarily about social constructs in a digital world. Like yea he made a crypto currency (in the 80's yo) but his work is less financially motivated and more political. It's really great stuff.

[Anonymous No.15549238]

>when not just OP is a faggot
/biz/ is truly dead

[Anonymous No.15549269]

>>15549238
>/biz/ is truly dead
take note fellow nulinkers
biz is not dead.
This is an attempt to make it appear as to undermine and disorganize the coming power of the neetrich.

[Anonymous No.15549275]

>>15549177
I think that's where we're at right now - building the framework for what you're talking about.

Give us 2-3 years before oracles are at a point where someone can build a new bot (physical not software) and put it on the market, we'll have a smart-city built by nerds in some desert within the year after.

[Anonymous No.15549280]

>>15549032
Brainlet here, have a bump

[Anonymous No.15549362]

Hey Anon, do you think Harmony will be successful because of, or die due to, it's commitment to egalitarian economic ideals?

[Anonymous No.15549417]

>>15549184
Indeed. Chainlink will not only make us rich, but it will also save civilization itself. We link marines are heroes. Don't ever forget. We hold because it is a sacred duty and an honor. Say it with me marines: "My soul is in Sergey's hands. I have taken the true link marine vow. I pledge my life to Chainlink!"