/biz/ - Business & Finance

[Anonymous No.16379120]

Alright guys now that biz has settled down, its time for /old_fags/ to grab a drink and gather round.

Just imagine the state of the current cryptocurrency space. Are things going to slowly fade away over the next few years? Is it possible crypto actually dies down overtime? The reason I say this is because it’s hard for me to believe REAL adoption is going to occur. I mean, how could these projects actually help institutions with the concepts we discuss here with ease. Also, one last question.

How was CL able to acquire TownCrier?

[Anonymous No.16379133]

>>16379120
what the fuck do you think they did with 32 million dollars? retard

[Anonymous No.16379155]

>>16379120
>Are things going to slowly fade away over the next few years?
Do you even follow the news?
2019 has been 100x more bullish for crypto adoption going forward than 2017 was, yet its not reflected in the price. 2017 was all hype and buzzwords.

We are literally witnessing the birth of digital currency wars before our years. Even in 2018 governments were calling crypto a joke. Now they're being forced to look at it seriously or be left behind. We may still see scams/memes moon going forward, but in the actual long term it will be platforms that provide value and have large network usage that will grow the most.
We are literally just beginning.

[Anonymous No.16379160]

>>16379120
nah this is just the post-atari dip, the real shit is still coming

[Anonymous No.16379182]

The people who were with it 4-5+ years ago will never leave the market, because back then it wasn't a get-rich-quick scheme, it was more about the idea of a new financial system and how revolutionary it could be. Sure it was still a nice way to make easy money but nobody predicted that ATH. Then around that time everyone and their dog heard about it because again, get-rich-quick scheme. Now that things are calming down for the time being and most can't make ridiculous returns without actual time and work being invested the groundwork can continue until the inevitable rise. I was there when everyone traded on BTC-E or MtGox and BTC was 33 dollars a piece. I was there when people were paying 10,000 BTC for a Pizza just for the sake of it.

This is barely even the end of the beginning. Cryptocurrency isn't even a toddler yet. A lot more people are going to lose money, and a lot more people are going to become very wealthy. The market cap of BTC hasn't even crossed a quarter of a trillion. If as and when BTC is 1% of all the capital/value held in the world? That's about ten trillion.

Patience is key, here.

[Anonymous No.16379212]

>>16379155
You have tens of millions chinese educating themselves on blockchain, bitcoin, ethereum, etc as of last month.
Regardless of what Xi says (Bitcoin etc is not really banned in China), once these chinks do some research and realize the value of permissionless DLT, the sky is the limit.
Institutions all over the world are looking at crypto. Not only as a tool for investment, but for its hidden values, things that have so much growth potential but haven't been brought to fruition.
Of course that's where networks like Chainlink come in. Once the real world is able to be connected to the blockchain, a light will simply switch on. The new paradigm will be realized instantly.

You can argue about whether Bitcoin is digital gold or not, whether its a store of value, etc I don't really care (Bitcoin is still important nonetheless), but there are real usecases coming with smart contract platforms and the like. It'll enable an entirely new ecosystem of finance, while disrupting the traditional one we already know. This is just one example.
I genuinely think even we, /biz/, who is generally at the forefront of much in crypto, still doesn't realize the real potential of all of this.

[Anonymous No.16379224]

>>16379155
This. Just look at crypto news any day of the week this year and you’ll find more evidence of moves towards real adoption than all of 2017.

[Anonymous No.16379262]

bump

[Anonymous No.16379277]

>>16379120
>How was CL able to acquire TownCrier?
Ari Juels.

[Anonymous No.16379292]

crypto is a financial labaratory and the "investors" are labrats and money cows

the shape that it will have when it matures and adoption goes along will probably be nothing like now. now it is literally a virtual stock exchange for neets and gamblers.

[Anonymous No.16379297]

>>16379182
>The market cap of BTC hasn't even crossed a quarter of a trillion. If as and when BTC is 1% of all the capital/value held in the world? That's about ten trillion.
And that will never happen. Boomercoin needs to die. Fucking worthless shitcoin with no usecase and solely fueled by speculation.

[Anonymous No.16379301]

>>16379133
>>16379277
I’m starting to take serious interest in Ari. He seems to be more than what he appears to be. Wasn’t he just a contributor? I thought it was Zheng

[Anonymous No.16379315]

>>16379297
>And that will never happen. Jewrock needs to die. Fucking worthless shiny metal with no usecase and solely fueled by speculation.

[Anonymous No.16379334]

>>16379297
>Boomercoin needs to die.
Even as someone who has a minimal position in btc, this is dumb. That would be super bearish for the entire market.

[Anonymous No.16379337]

>>16379120
I'm not so sure. We keep hearing about adoption, but can someone point to a use case where crypto is solving problems in a more functional way than traditional methods?

>>16379155
This is a great example of the sentiment I'm describing. "DO YOU EVEN FOLLOW THE NEWS? WE'RE WITNESSING THE BIRTH" Are we? Can this be verified with sources and examples of actual use cases and adoption? Unless everything really is as "behind the scenes" as the prophet AB described, I'm not so sure.

[Anonymous No.16379377]

>>16379337
>in a more functional way than traditional methods?
Defi loans, derivatives.
Openlaw is literally building smart contract agreements using ethereum and chainlink as we speak.
Even enterprise solutions like Microsoft Azure are going to make a bigger plunge into crypto soon.
Lloyd's of london released a writeup showcasing how much more efficient insurance can be with smartcontracts. (https://www.lloyds.com/news-and-risk-insight/press-releases/2019/07/parametric-insurance-and-smart-contracts-to-improve-customer-experience-new-lloyds-reports-find))
These are just a few examples, there are far more.

Don't get me wrong, there is still a way to go before full, enterprise adoption. But many companies are either developing or researching the tech as we speak. You retards just don't read news.

[Anonymous No.16379417]

>>16379377
All of this news just gets thrown under the rug because /biz/ is mostly cumbrains by now who only get amused by watching candlesticks form on their computers. They can't see the forest for the trees. Smart anons keep to themselves or maybe post elsewhere.
Stuff like this was largely unfathomable in 2017. The best we got in 2017 was vague shit like Enterprise Ethereum Alliance or literal fake partnerships kek.
But don't worry, this stuff will be reflected in price a year or two from now. Have some patience.

[Anonymous No.16379424]

I mean, one of the things that tell me that crypto is a real experimental shitfest:
Binance put out Binance Futures with 125x leverage. They forgot one thing though, ship a working interface with it.

like literally, wtf?? It is and will always be only about the money.

The only important things are smart contracts applied to all kinds of professions to remove middlemen and things like this AND monero (monero getting delisted should be enough proof)
The rest is just pump and dump.

[Anonymous No.16379432]

>>16379120
I am late to the party and genuinely appreciate the tech but if I can’t get in anonymously fuck it. I’ll stick to PMs bought with cash.

[Anonymous No.16379444]

>>16379432
get monero on the street (you will pay a premium for buying it on the street but at least you stay anonymous)
stay in monero

[Anonymous No.16379467]

>>16379417
It goes under the rug because chainlink is a shitcoin and Vitalik is scammed by his own autism

[Anonymous No.16379478]

>>16379444
I personally used to be a lot mor paranoid about the govt and was heavily intent on buying monero super lowkey, like for cash or giftcards. But I’m pretty sure as long as you get a hardware wallet and don’t trade using methods connected directly to your bank accnt then you’re fine, especially at lower amounts.

[Anonymous No.16379521]

>>16379478
what we need is cheap mass-produced physical crypto wallets which you can give away without any digital transaction. sure, you can print paper wallets but how sexy is that?
they should be so cheap that you can literally throw them away when empty

[Anonymous No.16379571]

>>16379377
>Openlaw is literally building smart contract agreements using ethereum and chainlink as we speak
Hope so, but like your attached image, it feels like we are closer to the experimentation phase, not the take-off and adoption phase. Correct me if I'm wrong, but there are no smart contracts currently in use by derivative companies, law firms, etc outside of experimentation?

>But many companies are either developing or researching the tech as we speak. You retards just don't read news.
That's just it.. old stinkers have heard this line for the last 2 years. DEVELOPMENT DEVELOPMENT RESEARCH. It becomes repetitive and begins to sound like white noise after a while.

[Anonymous No.16379608]

>>16379444
I appreciate your digits but it still seems kind of sketchy. I will look into localmonero though.

[Anonymous No.16379638]

>>16379571
Yeah but this stuff is going to take off quicker than you expect, especially once chainlink is finished. According to the pivotal, mainnet should be finished in 2020, even maybe the first half of 2020. You already have so many devs working on chainlinked contracts, and you'll have even more ETH devs incorporating it next year.

All it takes is one company to prove the efficiency of smart contracts by implementing them. The rest will have to fomo instantly or be left behind.
Also, like any other industry there is a lot going on behind the scenes that we don't know.

> Correct me if I'm wrong, but there are no smart contracts currently in use
I don't believe they're currently in use by any major companies for any major business processes (i could be wrong), but the race is already on. I mean like it or not, the main reason they're not yet in use is because of the lack of a fully functioning decentralized oracle network. Insert Chainlink.
Adoption will begin in 2020. A year or two is nothing in business terms. It will be blisteringly fast.

[Anonymous No.16379664]

>>16379638
I hope you're right, anon. Godspeed

[Anonymous No.16379670]

>>16379301
Nah, there's nothing to Ari. Trust me. Just forget about it and get some sleep man. Aren't you tired? It's getting pretty late.

[Anonymous No.16379739]

bump

[Anonymous No.16379803]

>>16379301
He's a technical advisor but he has a bigger role than what's stated, plus the man is a genius with VERY POWERFUL connections in the way of alphabets (namely security and technology alphabets), other business/tech figureheads, and some very wealthy investors.

Do your research if you wish, its out there.

[Anonymous No.16379827]

>>16379638
How long does this shit take? They have been at it since 2014... fucking slow faggots!

[Anonymous No.16379903]

This article continues to be completely underestimated in it's implications. Remember that even 2 years of concentrated autism couldn't find a single breadcrumb connecting Chainlink and Google. Sergey is definitely involved with whatever Google is working on behind the scenes with DLT/smart contracts.

https://www.forbes.com/sites/darrynpollock/2019/07/02/is-google-chasing-the-90-potential-of-blockchain-that-facebook-left-out/#1aba87943185

>Google, as one of the world's leading technology companies, has been viewed as somewhat behind the eightball in the blockchain space. In comparison to IBM, Microsoft, Facebook, Amazon, and the likes, Google is playing catch up.

>However, Nazarov confirms that there is a growing interest from the internet giant. "There are people in Google that are very interested in blockchain," he added. "The thing with Google is that it is very focused, and they have their systems and processes that lead them to success in a focused way. There are people in Google, and official positions, that I know of that are related to blockchains - and I have seen an increase in that since a year ago."

>"I think the difference between Facebook and Google is that Facebook may have a real interest in payment and crypto stuff, but Google may have an interest in building these highly useful contracts by building useful infrastructure to make that possible."

[Anonymous No.16379912]

>>16379638
ur givin me a bonner.

bump

[Anonymous No.16380202]

How much BTC to make it?

[Anonymous No.16380205]

>>16379120
>How was CL able to acquire TownCrier?

Read the Whitepaper. Your answer is literally in the title.

[Anonymous No.16380849]

>>16379120
>>16379903
>>16379912
>>16380205
>1+ year test net
>5 months main net
>nobody can name a single dapp with users using Chainlink oracles in production
>(with proof link to dapp.com/dappradar/etherscan)
>Linkers: this is bullish!

[Anonymous No.16381004]

>>16379827
We're nearly there anon. Technical development takes the longest. Don't forget they had to code everything, shit takes time.

[Anonymous No.16381016]

>>16381004
Name their programmers