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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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19631121 No.19631121 [Reply] [Original]

>time since started
>money you started with (plus extra deposits down the line if they happened)
>plan for the future

I started out 3weeks ago with 1000 euros and made some money with STA and binance futures that got me here.
Other than pic related I have 4ETH in STA and around 500 tether in futures (already paid my collaterals)
My plan is to make as much as possible with meme PnD and high leverage so I can all in in bitcoin by the end of Q3. I’ll still keep around 200 USD in each of those altcoins that could potentially moon because of their potential but my main objective is accumulating BTC before the next bull run.

>> No.19631153

>>19631121
>chasing PnD
>high leverage
Kek you will be broke by July
t. in crypto since 2016

>> No.19631201

>>19631153
I started trading cryto about 2 months ago. I have only been trading pnds and I have made 3k, it is possible

>> No.19631208

>>19631153
Im just keeping small amounts of my portfolio into those cause I know I could lose them all in a few minutes. The money you see in my portfolio is not going to be moved to anything else if not BTC. In fact of the initial 1000 euros only 50 I used for uniswap and I put them back in as I sold my initial investment plus some more

>> No.19631223

>>19631201
What was your initial investment anon?

>> No.19631225

>>19631121
NANO and ETH are good holds. ADA is a gamble but high reward. I would increase your NANO stack as it is only 2x from the bottom and still 95% down, and has a legitimate real world use case.

1330 Nano is a healthy amount for a beginner.

>> No.19631228

>>19631121
newbie thread... has 1,009,063 link... think you are lying anon

>> No.19631238

LINK is retardedly high right now though. It was a good investment at 20 cents but thinking it will go higher is pure hopium. It isn't realistic at this point and stands to crash hard.

>> No.19631244
File: 555 KB, 1072x936, AA822BC8-391B-479C-BBA4-0A342FD30E86.png [View same] [iqdb] [saucenao] [google]
19631244

>>19631121
Not bad kid. Just trade your ada and eur for FLYD. Trade your nano for chainlink. Sell FLYD after moon for btc eth and link. You’re welcome

>> No.19631246

>>19631228

t. Americuck

>> No.19631257

>>19631223
£800-ish because I was very skeptical of cryptos in generally, ESH really rocked my world

>> No.19631421

>>19631238
What if LINK starts being used by big companies though

>> No.19631511

>>19631421
I am split on this. Logically it seems like it adds an additional level of risk. How LINK works is by taking the sum average of several API feeds and having LINK nodes take the sum average of the information and send it to a destination for reading. It still relies on the same centralized API sources or data feeds, it only uses multiple sources to attempt to assure accuracy. I don't see very many use cases where paying a fee for this service is preferable to relying on a mutually agreed upon trusted third party. There is no cost this way and has been the industry standard for years. Adding on a cost for data transfer, and having less control (and no one to hold liable in case an issue arises) seems like it adds additional risks more than anything.

The only situations I can think of where this is a benefit is for when no trusted third party can be found. We have a long way to go before we have the entire economy or even network systems set up where this would be preferable, and the use cases in this situation are still quite niche. I argue it doesn't even decentralize the data really. But what do I know, I wasn't expecting it to get any higher than 20 cents. But where it is at now, with a $1,536,804,858 market cap, makes me think it is extremely overbought for the potential use cases it may one day serve. There will be better tech by the time we ever reach that point, if ever, let alone assuming there are actual use cases that we need a third party pool to choose and pull a median average of the data from.

>> No.19631695

>>19631511
Yeah, it's a really good point honestly. At first, I was a big doubter of LINK but the continuous threads here made me decide to buy it since I had some ETH lying around from the STA gains and ETH/STA just went down from almost 0.02 to 0.017. My main concern is that being it a middleman a bigger guy like ETH or ADA might want to just cut it and incorporate an oracle into their ecosystem.

>> No.19631752

>diversifying lunch money
Go away norman

>> No.19631757

>>19631695
I am pretty confident that LINK is only where it is at due to the hype generated here, and possibly due to some funny business going on. They had a very successful ICO sale, with 60% of the supply being kept by the team. This creates an environment where it would be attractive to use this money to pay for influencers as well as to reinvest the ICO funds to drive up the price, and only selling out of the 60% supply when the price has increased. This cycle could go on for some time potentially, but it will eventually run out of steam. When that happens I would expect a flash crash.

>> No.19631767

>>19631511
Youre an absolute brainlet, literally kill yourself

>> No.19631770
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19631770

This is my stack btw.

>> No.19631796

>>19631767
Please use your brain to send electrical signals to the muscles that manipulate your fingers and express through these movements a message to be relayed and interpreted by those on the receiving end.

Right now, it looks like you just rolled your face on the keyboard and I am worried you might be having a stroke.

>> No.19631824
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19631824

>>19631757
Lmao stop embarrassing yourself

>> No.19631839

all in RSR

>> No.19631841

>>19631824
Provide me a use case for Chainlink that is not better solved by trusted centralized sources instead.

>> No.19631844
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19631844

>>19631770
>that portfolio
Wow literally kill yourself.

>> No.19631857
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19631857

>>19631841
AI and IOT you absokute braindead pajeet

>> No.19631867

Also, the Jew from Kleros said the exact same thing. I have no contact with that individual and came to this conclusion (about the medianizing of data) on my own when trying to understand what purpose Chainlink serves. Seeing as I am not alone with this assessment and that other high profile figures think similarly, I am not all that convinced otherwise.

But I am open to hearing why I am wrong and what real world use cases LINK can serve if you can provide any.

>> No.19631888

>>19631857
Give me a concrete example. Not a conceptual abstract one.

>> No.19631891

>>19631770
>that 2017 folio
hahahahahahahaha my fucking sides

>> No.19631910

>>19631888
Why sould I do your research? Its pretty much proven also that swift uses LINK oracles besides many other multinationals like EY

>> No.19631924

>>19631910
So you can't give me a concrete example. I just laid out why the project is hype. Convince me, please. I am a business owner and have plenty of disposable income, not to mention near 10 BTC in crypto assets. I could move it up to 47.5k sats in a single buy.

>> No.19631967

>>19631924
Thats the thing, chainlink doesnt need your lunch money. Google the chainlink community fact sheets if you want to get info about chainlink fagget

>> No.19631975

I also have used API feeds for automating content dissemination. It is free and simple to use. Chainlink is reinventing the wheel. Why should I pay per feed when I have at times run 100+ APIs in a single day for free, from a source I myself hand selected and chose?

>> No.19631988

>>19631975
Automation

>> No.19631990

The only use case would be for when a trusted API or data feed cannot be chosen. But it is a stretch to say that Chainlink solves this problem. Which isn't even a big or common one to begin with.

>> No.19632009

>>19631225
saying a top 15 coin is a gamble but bragging about nano is not the way to go.

>> No.19632020

>>19631988
See, I can do this already. API's are free and generally open access. I wrote a python script for example that pulled the alphabetical list of all movies on wikipedia, organized the data into a .txt document, then used this data to search another API for torrent stream lists, then had the data output into a HTML file as to create a streaming movie website automatically. This was hundreds of thousands of films. Why would I want to add a cost per data pull in this situation?

Real world concrete examples please. I doubt I will get any, since most linkies are simply following the hype train of what they don't understand, trying to monetize technology that is already free that they do not use.

>> No.19632033

>>19632009
I say ADA is a gamble because it is up 8x from the bottom. It has plenty of room to go down. I don't think it will, but it may. NANO has bottomed and is only 2x from that point. Thus I feel it is a safer bet. I am not bearish on ADA.

>> No.19632044

>>19632020
>he thinks multinationals use free apis
Ok im done discussing this with an absolute brainlet like yourself, have fun with your nano

>> No.19632063

>>19632044
A private API further discounts any reason to use Chainlink for data feeds, as you are now paying a third party for their data, of which they are responsible for the accuracy of.

I think I am starting to scare some of you.

>> No.19632077

>>19632020
You might be legit retarded if you think insurance companies would build automated systems on free apis. Go away boomer.

>> No.19632103

>>19632077
see
>>19632063

To recap, what benefit is there to using multiple paid for APIs and medianizing the data as opposed to using the API which have already selected and are paying to provide you accurate data for?

It makes no sense. Best just let this thread die because it doesn't look good for you.

>> No.19632116

I don't normally FUD link, but OP asked a question and others inquired so I answered. I usually let you all do your thing. But I am not going to shut my lips when asked a question.

>> No.19632122

>>19632103
Because we are talking about BILLIONS or TRILLIONS there is NO FUCKING WAY a multinational would give that much power to a single api. How stupid are you?

>> No.19632167

>>19632122
So instead it is better to give that power to Chainlink node operators? Kek.

The entire internet and yes, multibillion dollar international corporations already use trusted and verified API sources that they pay for. What benefit does adding a middleman provide? Seems to me it only adds a cost, and reduces liability for the API feed provider. Not something these companies (or myself) would risk.

>> No.19632187

>>19632167
Wow you really understand nothing about link. Thats what treshold signatures and staking are for, but i am done spoonfeeding you now. Goodbye boomer

>> No.19632200
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19632200

>>19632187
zoom zoom

>> No.19632263

>>19632187
Staking might cause the node op to lose his link, but it doesn't offer any security for the multi-billion dollar international corporation that is depending on what data you provide to be accurate. Conversely, a company buying API data will be able to successfully hold the API data feed supplier responsible if their data ends up incorrect and costing said company loss of funds or other damages.

>> No.19632288

>>19632200
Thanks for the answer anon. I'm glad you showed your arguments instead of screeching like those other guys. I'll still keep a small amount of LINK because I really like the idea behind it but I might transfer some of it for NANO.

>> No.19632338

>>19632288
Obvious samefag shill thread

>> No.19632343

>>19631752
this is the way to go though

>> No.19632357

>>19632343
It really isnt in crypto because the market is tied to btc. All in link or kys.

>> No.19632394

>>19632288
NANO is the patrician's choice. Ironically, it is the best cryptocurrency to be used as a sort of "calorie" or "unit of energy" for a decentralized system such as AI or Machine2machine networks. If one conceptualizes a decentralized system, lets use an AI with a body for example, where the machine learned database for specific logic is owned by company B, while company A handles the actual physical side of the machine. (this concept can also be applied to business that need to interact and pay each other automatically for data or services) For sending data that has a cost per function, instant transfers will be required. Nano does this already (150 ms). Lets say these thoughts, or functions are also at the level of micropayments, say several cents, or even fractions of a cent per function. Well, Nano conveniently can do this as well, as there is zero cost for the transfer of funds, be the cost low or high. In this way, it can serve similar to how the body utilizes energy. I think ATP or perhaps mitochondria is a good analogy to this, except that the energy units can be transferred outside of the body or ecosystem. Since the Nano protocol only transfers numbers, the packet sizes are extremely small, which is what allows for it to function as a means of value transfer without adding a cost or delay. And because it is a block lattice or DAG type system, these transfers can be performed asynchronously (in any order), and does not suffer from the same exponential increase in data packets that traditional blockchain type tech suffers from. This problem is bad enough with BTC, but when it comes to additional data outside of value, the ledger and the amount of data transferred per block can become bloated extremely quick.

>> No.19632559

>>19632343
Yeah I feel like if I could have enough time to do enough research I would all in into some coin but I'm currently a med student and keep crypto as a fun hobby which might give me enough money to buy me a property in the future.

>> No.19632583
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19632583

Put in $550 at the start of the month, made a few stupid mistakes, still up a fair bit. Seems as easy as looking for what industries are going to be doing better in the coming months, and doing a bit of research.

>> No.19632854

Lol at the linkies abandoning this thread as soon as it got real

>> No.19633741

>>19631238
Nothing has more proven raw potential thank Chainlink.
https://chainlinkecosystem.com/ecosystem/

>> No.19633771

>>19631511
>How LINK works is by taking the sum average of several API feeds a
Not necessarily.
Decentralized oracles are a massive benefit even from a single API feed.

>It still relies on the same centralized API sources
You just said yourself they can use multiple API sources.
And that's all Chainlink ever claimed to be: a decentralized bridge between sources and the blockchain. How can you still not know this after all these years?

You are seriously ignorant.

>> No.19633794
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19633794

folio is worth 6500 eu

>> No.19633816

>>19632020
>I wrote a python script for example that pulled the alphabetical list of all movies on wikipedia, organized the data into a .txt document, then used this data to search another API for torrent stream lists, then had the data output into a HTML file as to create a streaming movie website automatically.
At what point is a blockchain involved?

>> No.19633952

>>19632263
>Conversely, a company buying API data will be able to successfully hold the API data feed supplier responsible if their data ends up incorrect and costing said company loss of funds or other damages.
That's why you use multiple oracles for each AP source.

Also, major companies are 99% certain to exclusively use KYC oracles, especially at first.
So they can hold the oracles accountable as well.

You don't know the first thing about any of this.

>> No.19633967

>>19633771
How is outsourcing the feed to a middle man (who still requires the same feed/feeds) decentralizing anything? It only adds an additional point of failure

>> No.19633982

>>19633816
If I wanted to I could have output the data to be read by an ETH application, but what I was building was not on ETH

>>19633952
I doubt chainlink operators are going to have anywhere near the insurance funds that a company built on API feeds for specific use cases will have. Who is held accountable for a million dollar loss in this case? Sergey?

>> No.19633983

>>19633967
>outsourcing the feed
The feed isn't outsourced. You absolute dumbass.

>adding a bridge between one side of the river and the other is only adding an additional point of failure
This is you.

>> No.19634017

>>19633982
>If I wanted to I could have output the data to be read by an ETH application
You mean you could've set up an oracle.

>but what I was building was not on ETH
It wasn't on any blockchain, so why did you bring it up in a discussion about oracles?

>I doubt chainlink operators are going to have anywhere near the insurance funds that a company built on API feeds for specific use cases will have.
If the operators want the big boy jobs, they better have enough to stake. Via a pool or otherwise.

>> No.19634055

>>19633983
The bridge already exists. Chainlink isn't needed. ETH applications can execute commands based on data fed from outside sources like APIs.

>> No.19634083

>>19634055
>The bridge already exists.
Where?

>ETH applications can execute commands based on data fed from outside sources like APIs
They need oracles to do that.

>> No.19634093
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19634093

>>19634055
Okay marines, stop feeding this retard info. He clearly wants free research.

Pic related about to release their mainnet in 1 hour, it going to close down in two weeks.

>> No.19634096

>>19634083
Here: https://github.com/ethereum/wiki/wiki/JSON-RPC

>> No.19634110

>>19634083
Stop feeding him research, he can check warosu if he that curious.

>> No.19634127

>>19634096
Point me to where external data is fetched.

>> No.19634144

>>19634127
The entire document provides commands that you send to nodes to execute functions.

web3_clientVersion

Parameters
Returns
Example

web3_sha3

Parameters
Example Parameters
Returns
Example

net_version

Parameters
Returns
Example

net_listening

Parameters
Returns
Example

net_peerCount

Parameters
Returns
Example

eth_protocolVersion

Parameters
Returns
Example

eth_syncing

Parameters
Returns
Example

eth_coinbase

Parameters
Returns
Example

eth_mining

Parameters
Returns
Example

eth_hashrate

Parameters
Returns
Example

eth_gasPrice

Parameters
Returns
Example
etc.

>> No.19634158

eth_call

Parameters
Returns
Example

eth_estimateGas

Parameters
Returns
Example

eth_getBlockByHash

Parameters
Example Parameters
Returns
Example

eth_getBlockByNumber

Parameters
Example Parameters
Returns
Example

eth_getTransactionByHash

Parameters
Example Parameters
Returns
Example

eth_getTransactionByBlockHashAndIndex

Parameters
Example Parameters
Returns
Example

eth_getTransactionByBlockNumberAndIndex

Parameters
Example Parameters
Returns
Example

eth_getTransactionReceipt

>> No.19634165

>>19634144
Well I see "coinbase" in there.
If this fetches price data from the Coinbase API, then it's an oracle. A centralized one.

>> No.19634182

If ETH couldn't interact outside of its own network, you wouldn't be able to have websites built and hosted on it, nor the ability to execute trades in DEX's. When you click the trade button on uniswap it sends these requests to ETH nodes which perform the requested function or pull the requested data.

>> No.19634192

>>19631121
How do people have these messy amounts of holdings? "Yeah ill take 489 and some change nano. I woudlnt want to spend the extra ten dollars to make it an even 500."
Idk maybe its just me.

>> No.19634197

>>19634055
Stop hijacking the thread, redditor. If you are so concerned make a new FUD thread just like the thousands of other ones that stopped people from buying under $1.

>> No.19634205
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19634205

>>19634182

>> No.19634221

>>19631238
The entire market is reliant on it at this point, you understand this right?

>> No.19634235

>>19634221
No it isn't, but a shitload of projects like to claim to use it as it gives them shared hype with LINK. The most hyped project of all.

>> No.19634268

>>19631841
>that is not better solved by trusted centralized sources instead.
Chainlink IS a trusted centralized source you fucking moron

>> No.19634270
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19634270

Get out while you still can. When this thing dumps it is going to be a fucking mess.

>> No.19634279

>>19634235
So how do settlement layers reliably access off chain data? How with ETH grow past tokenization? You realize you are betting against Microsoft and Ernst & Young here? You didn’t hear Wolpert’s statements last Tuesday?

>> No.19634282

>>19634182
>host a website
A website is hosted on-chain one transaction at a time.
In other words: via an oracle.
It's just that a website is not a contract, and only has one party: the person wishing to host the website.
So a centralized oracle does fine.

>DEX
>external data
Oh my fucking god, anon.

>> No.19634289

>>19634221
Stop arguing with this damn fudder. Remember make centralized oracle fucked up during black thursday, and those who use LINK came out fine.

>> No.19634294

>>19634268
*decentralized you mean?

I haven't spoke to a single linkie who can explain the project, how it works, or why it is superior to centralized and trusted API feeds, hosted and provided by established entities.

It is a middle man desperately looking for work

>> No.19634305

>>19634289
I forgot I wasn’t supposed to feed the brainlet, apologies anon

>> No.19634312

>>19634294
>*decentralized you mean?
No

Your 30 posts in this thread are braindead
see a doctor

>> No.19634328

>>19634294
So why use a blockchain in the first place if your end to end reliability is contingent upon the trust you place in the “established” entity. This is why it’s called the oracle problem anon kek. This is why the space hasn’t moved past basic SoV and tokenization functionality in 4 years. You’re starting to learn little guy! Congrats!

>> No.19634329

>>19634279
They can use an API that pulls the requested data and send an RPC command to an ETH node to execute said function.

Or use Chainlink and do the same thing but optionally medianize the data for a cost. Doesn't seem like it offers much benefit except when a trusted API cannot be agreed upon by 2 or more parties.

I could maybe see it being used by an insurance company, but I don't see any insurance companies wanting to give up their power so easily. Not that you can quantify insurance claims anyways, considering all the variables.

>> No.19634339

>>19634294
>why it is superior to centralized and trusted API feeds
That's like asking "why are cars superior to roads".

>> No.19634362

>>19634329
>They can use an API that pulls the requested data and send an RPC command to an ETH node to execute said function.
This constitutes using an oracle.

And if you only use a single oracle, then it can fail or be compromised much easier than if you use multiple.

>> No.19634366

>>19634329
You’re judging the finality of the project based on its current state. You realize, mixicles, tsigs, and staking aren’t live yet? Are you aware of the Sybil guarantees these functionalities introduce?

>> No.19634372

>>19634328
For censorship resistance more or less. Or to prevent a central party from having control over an application, data, content, or the distribution/accessibility of value.

You don't need to decentralize everything, and in many cases it adds excess costs and risks that are not had with a trusted centralized source.

>> No.19634389

>>19634362
Not chainlink, it simply requires a script which can be written in python and ran on a server searching/pulling data and resending it at a time or event trigger

>> No.19634412

>>19634366
I am just calling it hyped up and not worth near the value it is at. Sorry if this makes your stinky winkie butthurt but I am not the only one who has seen this and commented on it. The Jewish Kleros dev said more or less the same thing about stwinkie winkie

>> No.19634416

>>19634372
Chainlink is primarily intended to feed smart contracts.
Without blockchain, there are no smart contracts.

>>19634389
>Not chainlink, it simply requires a script
That "script" is an oracle.
And if you only use a single oracle, then it can fail or be compromised much easier than if you use multiple.

You may have full confidence in your own scripted oracle, but smart contracts involve another party/parties and they probably won't just take your word for it.

>> No.19634419

>>19634389
Ahahahhahahhahahhahahhahah, okay everyone stop this is old FUD ahahahhahahaha.

>> No.19634437

>>19634372
So you’re going to maintain a “censorship resistant” public database, with said data being fed by a single “trusted and established” entity? This is the oracle problem in a nutshell anon. There’s no point to using an immutable digital ledger when the value computed through the ledger is derived from an “established” entity. This is why the space has been reduced to SoV and tokenization.

>> No.19634441

>>19634412
>I am just calling it hyped up and not worth near the value it is at.
That's because you have no idea what it is.
You don't know the very basics of any of this shit.

By god, you said DEXes rely on external data.

>> No.19634460

>>19634419
Now I know he is just trolling. I can’t believe I fell for it kek. Guy probably has a healthy bag of link himself.

>> No.19634478

>>19634221
>The entire market is reliant on it
ha hahahahahahahahahahahahahahaha

>> No.19634487

>>19634460
You’d be retarded to not have some LINK. It like buying BTC at $4 right now.

>> No.19634504

>>19634416
So its a medianizer, exactly what I said in my original post. This only offers benefit in several situations, and I honestly can't think of that many. Can you?

>
You may have full confidence in your own scripted oracle, but smart contracts involve another party/parties and they probably won't just take your word for it.

There are established API feeds that have contractual obligations to those who pay for their services. This is the industry standard. I don't think stinkylinky offers any benefit except for the case outlined, where 2 or more parties cannot agree upon a trusted source. Insurance is the only use case I can think of really, perhaps gambling as well. But unless the data is raw numbers it will have a difficult time being quantified and read/interpreted by computers (insurance for example, gambling payouts would be much simpler and a good use case)

>> No.19634523

>>19634504
How would you respond to Wolpert who called it a “critical” piece of Baseline Protocol last week?

>> No.19634530

>>19634437
Public or private, either way Link still depends on pulling data from these databases. It is dependent on the same sources a chainlink free script is dependent on for pulling data.

>>19634441
A DEX requires you to click your mouse on a button, that is data that comes from an outside source. It comes from you.

>> No.19634532

>>19634487
>It like buying BTC at $4 right now.
imagine being this retarded and out of touch

>> No.19634548

>>19634523
I don't follow chainlink stuff, I looked at the usecase from the outside and from what I gleamed here and couldn't find any revolutionary or world changing concepts in it.

ETH is revolutionary. BTC is revolutionary. DAO's are revolutionary. There are others too, as well as improvements to these protocols. I do not think Chainlink is one of them.

>> No.19634652

>>19631121
Word of advice, diversify. You should never count on one or two projects to be successful, you should spread your risk around to around ~10 projects and expect 8 of them to fail, two to skyrocket.

>> No.19634659

>>19634532
Got that 10K stack nolinker seethe more.

>> No.19634660
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19634660

Easy 1000x

>> No.19634685

>>19634548
>I don't follow chainlink stuff

So how can you comment as if you do? John Wolpert is an IBM and Hyperledger exec who created Baseline Protocol. Baseline Protocol is funded and spearheaded by Microsoft and Ernst & Young to onboard other enterprises to the Ethereum settlement layer. Baseline Protocol announced plans to integrate LINK from the onset. John holds “office hours” every other week where you can tune in to a Zoom call with him and other major players in the space like Yorke Rohdes, with Microsoft. Last week he discussed Chainlink and how it is a critical pillar for the functionality of Baseline Protocol. Go follow him on Twitter and look at his most recent video, Chainlink discussion starts after 40:00. Chainlink is also being directly integrated into Oracle software sometime Q3 this year. You writing off Chainlink is simultaneously writing off IBM execs, Microsoft execs, former CTO’s to the White House, the list goes on. Good luck.

>> No.19634700

>>19634685
He follows it, he just fudding as if he doesn’t.

>> No.19634733

>>19634685
Because you niggers never shut up about it, so I had to learn at least the basics of what it was supposed to do and whether or not it was worth investing in. Once I realized it was hype and solved very little I decided not to bother spending any more time on it.

Trust me, I stay clear of Link threads and do my own thing. It is chance I stumbled in this thread. You don't have to worry about me fudding this. But if someone asks, especially if that someone is also invested in something I consider a blue chip, I will share my thoughts on the matter.

There are way too many of you niggers to argue with anyways, I would rather an alliance if anything, and I generally play the part that link is the biz coin. But I am not going to outright lie. See my first posts, I didn't say shit until asked.

>> No.19634793

Just like the Google partnership I imagine. I listened to the IBM thing a year ago or so, looked into the so called Google partnership. Everything is blown out of proportion. Chainlink is a hobby project that has grown way too big for its shoes. When it is implemented into software, it is going to go the way of the dodo. No one here has still provided a concrete use case example that is not better performed by the current industry standards.

Not to say there will not be attempts, but you can only force yourself to eat second tier food for so long, be it out of pride or profit, until you return to what serves you best. Same reason Sergey loves those big macs.

>> No.19634844

>>19634441
Thanks for arguing your thesis like a mature person. I think LINK is cool but what happens if it gets cut out by ETH or ADA, why wouldn't it happen?

>> No.19635171

>>19634652
Thanks for the tip anon, yeah I was looking into Synthetix, Monero and BAT especially right now but don't you think BTC and at least one between ADA, ETH and Tezos must become big simply because of the big name they have earned themselves over time. I know that there are some examples like yahoo becoming irrelevant during the dot-com era but it only because it was shadowed by google and eaten up by Verizon which were already big at the time.

>> No.19636082

>>19634530
>A DEX requires you to click your mouse on a button, that is data that comes from an outside source
DEXes do not use external data you absolute moron.

>>19634504
>So its a medianizer
No it's not.
If you use only one Chainlink oracle, it literally cannot medianize.
If you use multiple oracles and make them reach a consensus in any way other than medianizing, it's not a medianizer either.

You have zero clue what an oracle is, and you keep proving it over and over.

>> No.19636113

>>19634844
>if it gets cut out by ETH or ADA, why wouldn't it happen?
For one thing, both ETH and ADA are working with Chainlink.

Secondly, oracles are off-chain.
If ETH and ADA want to compete with Chainlink, they have to start from zero much like a car company wanting to get into the road building business.

>> No.19636173

>>19631121
I was like you

Don't diversify, putting all your eggs in one basket is fine AS LONG AS YOU CONTROL WHAT HAPPENS TO THAT BASKET

you need to watch charts obsessively to win money