/biz/ - Business & Finance

[Anonymous No.17429570]

INDUSTRY STANDARD!

[Anonymous No.17429590]

>>17429570
Also MOAB
Nevar forget !

[Anonymous No.17429595]

https://www.coindesk.com/polkadot-to-use-chainlink-oracles-for-interoperability-network

[Anonymous No.17429600]

>>17429570
>Polkadot

literally who? sounds like something a 15 year old came up with.
when will chainlink quit tweeting about no-name garbage projects "integrating" their oracles?

[Anonymous No.17429627]

The fuck is polkadot
Stupid
1$ eoy

[Anonymous No.17429632]

>>17429570
Nice, this should give us at least 5% more dump

[Anonymous No.17429642]

We just keep winning

[Anonymous No.17429643]

>>17429570
Fuck all these retarded forks (besides IndiaLink that one is legit)

[Anonymous No.17429645]

Oh linkies

[Anonymous No.17429647]

>>17429570
This is has been known for over a year...

[Anonymous No.17429661]

>>17429570
woohoo
been waiting for this

[Anonymous No.17429695]

>>17429647
For the autists on here sure, this is all new for the normiesphere though

[Anonymous No.17429715]

I already have link but I want to buy more should I wait for it to drop further or just buy now? I want to have a cool 1,000 LINK even

[Anonymous No.17429718]

>>17429600
>Microsoft haha sounds like a penis

[Anonymous No.17429722]

>>17429590
based

[Anonymous No.17430056]

How in the fuck does this coin dump on news like this?

[Anonymous No.17430114]

The cucking of ETH (i.e. the Chainlink Transfer Network) continues.

[Anonymous No.17430120]

>>17429645
>no more imaginary debt dreck, only real value now
based

[Anonymous No.17430140]

>>17430056
We re-entered accumulation zone on this dip. May drop slightly more but we will be on the uptrend again by end of week and on our way to $6

[Anonymous No.17430216]

>>17429570
P-PLEASE SERGEY, NO MORE INTEGRATIONS PLEASE
YOU'RE KILLING US

[Anonymous No.17430220]

>>17430056
sell the news

[Anonymous No.17430225]

>>17430114
For real tho, my 32 ETH are looking more and more useless.

[Anonymous No.17430231]

>>17430216
LMFAO
It’s so funny
Like more and more confirmation but the market doesn’t care

[Anonymous No.17430245]

>>17430216
This so much.

[Anonymous No.17430276]

>>17430216
The reason why it doesn't go up is because polkadot has been confirmed for months. The same with oracle. If Google came out tommorow to announce google cloud will exclusively use chainlink for their blockchain stuff, we wouldn't moon much because we already knew for months.

[Anonymous No.17430304]

>>17430276
>polkadot has been confirmed for months
1) this is Polkadot saying Chainlink will be the PRIMARY oracle
2) this is about Parity Tech as well now (the lead devs for Polkadot and Substrate)

At least read the tweet if you're too lazy to read the actual article.

[Anonymous No.17430344]

>Gavin Wood is a British computer programmer who co-founded Ethereum.[1] He invented Solidity and wrote the Yellow Paper specifying the Ethereum Virtual Machine, and served as the Ethereum Foundation's first chief technology officer.
who
its nothing
link is scam

[Anonymous No.17430391]

>>17430216
wtf I swear I had a deja vu from your post

[Anonymous No.17430593]

>>17430391
This is the new normal.

[Anonymous No.17430740]

>>17429570
>INDUSTRY STANDARD
>THERE IS NO INDUSTRY
too early faggot. nobody uses oracles, nobody uses ethereum, nobody uses crypto.

[Anonymous No.17430766]

>>17430740
Exactly
LMFAO
What industry

[Anonymous No.17430909]

>>17429590
just as an fyi to any retarded anons out there that need spoonfeeding, this is "proof" that chainlink is a scam in the same sense that shitcoin scammers using photoshop to make their memes is "proof" that photoshop is a scam

[Anonymous No.17430981]

>>17429595
>primary
What's the secondary?

[Anonymous No.17431033]

>>17430740
this but unirioncally

AAVE flash loans broke defi
Fee Reclamation on Synthetix did not fix frontrunning
BZX is insolvent and fundamentally broken

Centralized exchanges are unironically better than decentralized shit. Really starting to doubt whether or not this shit will ever work in the really world or is just a cheeky nerd science project.

[Anonymous No.17431080]

>>17429661
i'll tell you what the gooks really know how to put on a shot

[Anonymous No.17431091]

>$3.65

okay, next ? SWIFT news dumping us sub $3 ?

[Anonymous No.17431101]

>>17431033
smartcontracts use case are defi only the post

[Anonymous No.17431112]

>>17431091
We will absorb the entire derivatives market and drop to .66c immediately

[Anonymous No.17431117]

>>17430304
Rude

[Anonymous No.17431140]

>>17431091
swift,amazon and government of USA = we dump to sub $1

[Anonymous No.17431163]

>>17431101
Defi is the first and most obvious use of them, and they've objectively fucking FLOPPED in a catastrophic and very public way. Every one except maker has been exploited, and that's prob just a matter of time.

'Just believe bro' is hard to do when the majority of them end up getting exploited.

[Anonymous No.17431220]

>>17431163
youre right early computers and early internet protocols were never exploited

as soon as they were invented they were completely bulletproof and had no vulnerabilities or technical issues that required years to iron out and bring us to the point today where they are mainstream and generally accepted as safe and secure

[Anonymous No.17431238]

>>17429600
Never. No one is going to use smart contracts or blockchain for anything. How is this still not clear to people? Buy low, sell high. You niggers have lost huge profits twice now and you're watching more profits bleed away as I'm sitting in cash waiting to buy in.

[Anonymous No.17431254]

>>17431163
>it's just begun
>therefore, it's over

[Anonymous No.17431289]

>>17429645
>Let me type out a bunch of philosophical nonsense because none of this shit has any utility in the real world

We're going on 3 years of Chainlink and 6 years of Ethereum and still exactly 0 people use smart contracts for anything besides betting on artificial shitcoin markets and there is absolutely 0 proposed ideas beyond these use cases.

[Anonymous No.17431326]

>>17431254
There is no proposed use case for smart contracts besides "DeFi," and DeFi is going to flop very quickly once people finally step back and realize they're trading a bunch of artificial assets and that it'd be a lot smarter to just trade the real assets.

[Anonymous No.17431327]

>>17429661
Seen enough MMD that I can hear Gokuraku Jodo playing as I watch.

[Anonymous No.17431383]

>>17431220
Why does everyone immediately compare chainlink to early computers and or the internet? What do smart contract oracles have to do with the internet? Current cryptography, data storage methods, and digital agreements are so much better than blockchain and smart contracts, and even if smart contracts and blockchain somehow became 100x better, they are not revolutionarily innovative in the way PCs and the internet were. They are just a new way of using clouds essentially. They would change nothing in people's day to day lives and would solely be beneficial for heads of industry.

Why do people here have such a misunderstanding of what smart contracts are? What exactly are people expecting them to accomplish? This shit is boring backend stuff...

[Anonymous No.17431388]

>>17429570
>>17429590
>>17429595
>people sold recently
i hope swingers break their necks in the speed of this rope. bye bitches. Shouldn't've got off the rocket

[Anonymous No.17431403]

Blockchainin A G N O S T I C

[Anonymous No.17431419]

we'll be back up top $4.50 by this afternoon

[Anonymous No.17431424]

>>17431388
Anyone who sold recently is going to have a much lower entry point within 48 hours than right now. BTC is bearish and Chainlink is bearish. If you think we're not AT LEAST going to $3.18, you're a perpetual bagholder.

[Anonymous No.17431439]

>>17431419
I would unironically bet you $100k that we don't close above $3.50 this afternoon.

[Anonymous No.17431445]

>>17431383
>They would change nothing in people's day to day lives and would solely be beneficial for heads of industry.
nobody is arguing that smart contracts will change day to day lives of ordinary nobodies

in fact, the idea is that it will be completely indistinguishable from current user interface and user experiences
the fact that its beneficial for industry/enterprises is the reason that its so valuable.

if $BigCompany$ can save 5% annually via smart contracts, and lay off 1000 employees, then they will. and the protocols/products that facilitate this transition will reap the rewards of this transition.

[Anonymous No.17431486]

>>17431445
but anon, the question at this point is 'can they actually build smart contracts that are superior to existing systems?" If you asked me two years ago, I'd have given an answer like yours. You ask me now, and I'm starting to waiver. I just want to see one smart contract protocol that's live on maiinet that will actually deliver to someone other than the people exploiting it.

[Anonymous No.17431487]

qrd on polkadot?

They've been known for a good while but this is the first time i've actually checked out their site and can't really see what they do.

[Anonymous No.17431504]

>>17431445
Yes, people argue that every day here. Some retard yesterday was talking about how Chainlink is going to enable some 3rd-party-free form of Uber or some nonsense.

My point is, I bet you can't even name a single way in how chainlink can: "save $BigCompany$ 5% annually." You're just making up a hypothetical scenario and assuming it'll make you money. What I don't understand is why so many people here continue to talk as though they have any idea what they're talking about when they clearly do not...

[Anonymous No.17431529]

>>17431486
You have AT LEAST three years to wait for this.

[Anonymous No.17431535]

>>17430304
Also note that parity commited significant code into the Chainlink repo to make it happen meaning they spent time and resources to make it happen instead of Chainlink doing all the legwork.

[Anonymous No.17431556]

>>17431486
>>17431504
>but anon, the question at this point is 'can they actually build smart contracts that are superior to existing systems?"
that is precisely what you are betting on when you buy this.
pic related is potential use-cases. are any of them live right now on ETH mainnet? No

if you wait until they are live on ETH mainnet will the protocols/products that facilitate this be more valuable than they are today? Absolutely
could it all come tumbling down and the potential never gets realized? Yes

Ask yourself if you see any of these use cases as possible. If you think it is possible, then you can make the conscious decision to invest before they are deployed in enterprises, or wait until after and the prices are way higher than they are today.

[Anonymous No.17431574]

>>17431486
Additionally, I would bet that Bitcoin dumps dramatically in that 3 year time frame and brings down a lot of shitcoins with it.

No one here has any perspective on developing sector markets. The fact that so many stupid projects have 9, 10 figure market caps shows how much this market still needs to be purged, and the ways it is going to occur are through BTC and Ethereum dumping drastically is my bias. The entire industry has absolutely no utility. It will dump largely before any real use cases are established and then anything with real value will slowly grow as that potential is realized.

[Anonymous No.17431657]

>>17431556
There is literally only 2 use cases on that stupid graphic that MAY ever see utility: trade finance and securities issuance. All the others are stupid ideas thought up by some moron who was wracking his brain trying to come up with ideas for deterministic programming.

Anyone with any understanding of industry would quickly disregard all of these ideas and it is why you don't see any large companies rushing to have these smart contracts built. Deterministic digital agreements are not beneficial for most digital agreements and they are solely useful in the aforementioned 2 use cases.

[Auto-Admin No.17431714]

>>17430216
WHY IS HE DOING THIS TO US??

[Anonymous No.17431716]

>>17431657
>There is literally only 2 use cases on that stupid graphic that MAY ever see utility: trade finance and securities issuance
lets say i agree 100% with this statement

you have now stated that the "only" use-cases that smart contracts will benefit have a total market size of 70 trillion

[Anonymous No.17431720]

>>17431556
My point is this also: you can't even describe the actual use cases for smart contracts without posting a shitty infographic.

You all should learn to be a lot more objective with your investing and realize you are drinking koolaid. If Chainlink didn't have $1B of speculative frenzy behind it, none of you would care about it and you certainly wouldn't be excited about it. The fact that you've made some profit off of it has convinced you that you know a lot more than you actually do and the people here constantly come off as complete idiots trying to talk about something about which they know next to nothing.

[Anonymous No.17431726]

>>17430740
>nobody uses crypto.
https://www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/#16720e27553d

[Anonymous No.17431764]

>>17431720
>If Chainlink didn't have $1B of speculative frenzy behind it, none of you would care about it and you certainly wouldn't be excited about it.
but anon, we have been saying that Chainlink changes the game since the ICO. since it was valued at 2.5% of its current value.

if you try and say that people weren't as excited back then as they are right now, you're wrong. i was on /biz/ in 2017 for the LINK ICO, and people were literally screaming from the rooftops about how important this product is. when it was 10 cents a token.

[Anonymous No.17431769]

>>17431716
You should probably learn even a small amount regarding notional value vs market value vs other definitions of value and realize that what you just said means absolutely nothing. It is a meaningless number and has no significance to the future value of Chainlink.

[Anonymous No.17431802]

>>17431764
Since you're so prescient and knowledgable, it should be easy for you to describe two real world use cases where Chainlink could save a company money off the top of your head. I'll wait...

[Anonymous No.17431844]

>>17429570
>>17431720
>>17431764
>>17431769
>literally has 0 users in production
>industry standard
kek when are low IQ linkers gonna learn that twitter announcements are always hyped up and that literally not a single person uses Chainlink in production?

There's like 10 projects with users right now that use oracles, Maker, Augur, etc... NONE OF THEM CHOOSE TO USE CHAINLINK KEK

[Anonymous No.17431853]

>>17431802
Syndicated Loans and Event-driven insurance.

How can Chainlink (read: smart contracts) save a company money?
By reducing the number of employees a company must employ.

If you don't need a human being to check and confirm the parameters of these agreements before releasing payment, you can fire him. And you can replace him with lines of computer code.

[Anonymous No.17431894]

>>17431853
This is a nonexistent use case that is literally probably a decade minimum away from every happening (if it ever will happen). If a company were to offer insurance based on this today, they would be out of business within a month.

Stupid business idea. I meant a legitimate business.

[Anonymous No.17431929]

You idiots continue to shill twitter announcements despite dumping further and further. No one cares, you lost

[Anonymous No.17431954]

>>17431894
So your rebuttal is that it will take time for this to mature and become usable in a real world scenario that enables a company to increase profit margins?
Okay I agree. This is likely a few years away from becoming a reality.

I don't think that in the year 2020 Geico is going to lay off 10,000 employees and replace them with smart contracts. But over the next 5-10 years I absolutely believe this will happen.
It's not really an argument of "if" but "when"

If you dont see value in investing before potential is fully realized, then that's on you

[Anonymous No.17431966]

>>17431929
They're just dumb and don't understand shit about their investment. Right now, it is literally only a speculative investment. Anytime a speculative investment goes up over 100% quickly, it should be sold. It is always going to come back down in time because there is no reason for it to be that valuable.

Chainlink has absolutely no real world value. People here think stupid announcements equals value. There's a reason cryptocurrency is viewed as a joke by everyone. You all get the opportunity to make money over and over again and you choose to hold worthless shitcoins instead of tradingn them for real money and real assets.

[Anonymous No.17431980]

FUDers out in full force these last couple days. Surely they have our best financial interests in mind, right?

[Anonymous No.17431981]

>>17431954
It is not an argument of "when" you brainlet. It is a HUGE "if."

[Anonymous No.17432011]

>>17431966
Checked. They could announce a partnership with AWS, it would still dump

[Anonymous No.17432020]

>>17429600

Lurk more newfag.

[Anonymous No.17432032]

>>17431326
>There is no proposed use case for smart contracts besides "DeFi,"
t. not Swift, Capgemini, Gartner, WEF, ...

[Anonymous No.17432080]

>>17431981
Sure, nothing is absolute. But you and I both just agreed on the fact that a company can increase profit margins by firing employees and replacing them with lines of computer code.
At the point we are at today is the computer code (read: smart contracts) mature/developed enough for this? No
But day by day, year by year it grows in maturity
Companies exist to make money, and if there is a way to make more money, they are more than likely going to do it.

[Anonymous No.17432112]

>>17431980
These fucking morons don't know who Gavin Wood is or how HUGE this is for Link. Retards don't deserve to make a dime off Link. You assclowns post some more NuLink threads out there. The fucking big dog developer for Etherium who heads up Polkadot and is probably a bigger name in Crypto that moneyskelly has his developers working on Chainlink. Read the article dumbasses, do some research. Better yet, sell your stacks morons, you don't deserve to make it.

[Anonymous No.17432133]

>>17432112
>do some research
>Etherium
Kek

[Anonymous No.17432158]

>>17431981
>16 posts by this id
Imagine caring this much about something you don't believe in.

[Anonymous No.17432219]

>>17429627
Yeh, the individual responsible for Polkadot is a real nobody. Do some research moron.

[Anonymous No.17432220]

>>17432158
This.

[Anonymous No.17432224]

>3.53

[Anonymous No.17432255]

>>17432219
>$3.52
Who, literal

[Anonymous No.17432260]

>>17429595
And wallah! Just like that, all interoperability tokens lose their purpose

[Anonymous No.17432277]

>>17431112
Holy shit..
They're going to blame the Recession on Sergey?
Should we warn him..?

[Anonymous No.17432278]

People only talk shit about LINK when it's dumping, but start bitching about not buying in when it was at 20c when it's pumping. Hypocrites.

[Anonymous No.17432293]

>>17432255
See >>17430216

The better the news, the more it hurts Chainlink.

[Anonymous No.17432296]

>>17430140
65%

[Anonymous No.17432343]

>>17432278
It’s dumping 90% of the time. I don’t talk shit when it’s pumping because I plan on selling the pump brainlet. I don’t care how low it goes now.

[Anonymous No.17432372]

>>17430231
The market doesnt work. I hate this fucking market yet my future depends on it

[Anonymous No.17432590]

This sounds great and all but it's literally dumping right now

[Anonymous No.17432646]

>>17429570
>3.50

[Anonymous No.17432665]

>>17429600
how new are you? lmfao

[Anonymous No.17432701]

>>17432260
>And wallah! Just like that, all interoperability tokens lose their purpose

I've said it many times and I will say it again. Quant is made redundant by Chainlink.

[Anonymous No.17432735]

>>17432343
all swinglinkers get the rope, eventually

[Anonymous No.17433283]

>>17432665
how new are you? it's obviously fake FUD

[Anonymous No.17433340]

>>17433283
Just like chainlinks github
Vapor with a whitepaper

[Anonymous No.17433349]

>>17432735
You do realize that "swinglinkers get the rope" is a meme started by people like me to make people like you be perpetual bagholders, right? Without you all, Link wouldn't be profitable to us. So thank you.

[Anonymous No.17433391]

>>17433349
Yup
None of the OGs hold bags anymore
But yeah its a great swinger now after our initial 2000%s

[Anonymous No.17433523]

>>17433391

OG here. Never sold a Link. Keep buying on dips. Currently at 60k Link. Why the fuck would I sell. So it dumps a little after doubling in a month. Zero fucks. We all know we'll see double digit Link soon and triple digits in 5 years. Only retards and Pajeets with 300 Link try to swing.

[Anonymous No.17433579]

>>17433523
I have more links than you and I swing. with more than half of my stack.

Why would you sell? I dunno? To buy real estate? To pay for living expenses? To take enjoy life? If you can't think of why you'd sell, what is the point of even buying shitcoins?

[Anonymous No.17433615]

>>17432343
>dumping 90% of the time
>up to 3.5 usd from sub 20c
Pick one you frothing retard

[Anonymous No.17433744]

>>17433615
>Doesn't know how markets move

Just because it moves up very quickly doesn't mean that the majority of time isn't spent in downtrend. This is the case for every asset that moves in a speculative parabolic way. Wouldn't expect a bagholder to understand this nuance.

[Anonymous No.17433795]

>>17433744
>>Doesn't know how markets move
>Just because it moves up very quickly doesn't mean that the majority of time isn't spent in downtrend. This is the case for every asset that moves in a speculative parabolic way. Wouldn't expect a bagholder to understand this nuance.
Alright paint it on a chart for me where its dumping 90% - include the picture in your next post

[Anonymous No.17433875]

>>17433795
I said "90% of the time"

Can't even deal with your lack of reading comprehension. Enjoy your bags poorfag.

[Anonymous No.17433956]

>>17433875
>Can't even
Back to >>>/pleb/itt

[Anonymous No.17434816]

>>17433875
Yeah illustrate it on a chart where its dumping 90% of the time, you couldnt do it so you nitpicked my post (as if what I wanted couldnt be figured out from the context)
Dumb fucking nigger

[Anonymous No.17434906]

>>17429570
Delusnoal chaincucks, there still isn't a single example out, all they have to do is keep making tweets of random shit and you go wild.

[Anonymous No.17434949]

>>17430276
Yes. Link just became another TRX shill project desu, keep repeating the same things, the pump is all that matters, until it don't.

[Anonymous No.17434979]

>>17434949
Now this is satire.

[Anonymous No.17435919]

>>17429570
We gun mak ii

[Anonymous No.17435940]

>>17432296
2years

[Anonymous No.17436076]

>>17434906
Typical no Linker, too dumb to invest at the right price and is praying nobody else makes it because he missed his opportunity.

[Q !ITPb.qbhqo No.17436665]

Blessed Are The Linkers/
For they shall inherit the earth.
Return of [SN]?
Reincarnation [216]?
No such thing as a coincidence.
Q