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18267605 No.18267605 [Reply] [Original]

explain to me, whats the real purpose of chainlink? troller faggots gtfo

>> No.18267624

Nom saying?

>> No.18267632

>>18267605
Nothing. Its a scam

>> No.18267666

Number go up

>> No.18267690

linking data from the real world to smart contracts in a decentralized manner.

>> No.18267691

so my quick conclusion is that nobody even knows what it does pfft

>> No.18267721
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18267721

O its very useful to have a aggregator of Oracles.

LINK however is a shitcoin. The market cap is fake because they own almost all of it. The small amount they let you play with is only so the can manipulate you.

Also he exotic scammed his last project NXT but no one on here can remember past a month anyways so I doubt anyone remembers.

>> No.18267727

>>18267690

Kek

I have yet to see anyone explain this.

Crypto is glorified penny stocks

>> No.18267729

>>18267690
thanks
examples, more info?

>> No.18267745

>>18267691
this is correct, if you ask any of the retards here to be honest, they're going to give an answer something like this
>Some guy named Assblaster on a racist anime internet forum told me about an emerging Blockchain middleware project that solves the oracle problem and I put my entire net worth into it because I thought the memes were funny.

>> No.18267748

>>18267691
U had 3 years now

>> No.18267898

>>18267729
the reason why its still memed here is because of the countless use cases.

imagine any scenario where you need to trust another party has completed their end of the deal. using smart contracts we can make agreements, but without a trust-less 3rd party to confirm x and y actually happened, its no more useful than a paper contract because i still have to rely on a centralized source of trust. using whats called “external adaptors” that are made specifically for various use cases, we can put the data into a smart contract using chainlink to aggregate the sensor data and tell us if x actually happened. read the white paper for specifics. also tons of systems like payroll can be automated using smart contracts and oracles.

>> No.18267939

>>18267898
thanks again, concluding from the length of your explanation you are a link holder yourself.

mind if i asked you your stack size?

>> No.18267952
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18267952

>>18267727

Yep the corpos are waiting for it to fix the scaling issues. No fortune 500 is going to build on a system that chokes at 15 transactions per second. PayPal does 500 and Visa does 1500.

Shit should get real around fall through when Ethereum gets their shit together and drops the scaling fix.

But ya mostly scams now

>> No.18268819

>>18267729
you can use ethereum contracts as your stock trading algorithm
the chainlink component is what connects ethereum to IRL data
hedge funds will throw their servers in the trash