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/biz/ - Business & Finance

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20997192 No.20997192 [Reply] [Original]

Explain to me like I'm a retarded 5yo why LINK is so special and the technological aspect behind it.

>> No.20997527
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20997527

>>20997192
IT. SOLVE. OREO-PWOBLEEM

>> No.20998241

>>20997192
Tech not needed. Number go up.

>> No.20998311

BENIS XD

>> No.20998367

jus buy it no research needed

gauranteed return on investment

>> No.20998398
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20998398

>>20997192
it solves the big mac problem

Once sergey reaches his final size, one thousand years of darkness will fall upon the earth

>> No.20998400
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20998400

>>20997192
>Explain to me like I'm a retarded 5yo
No.

>> No.20998418

it has no fundamentals. Its not even decentralized. All meme hype, nothing more

>> No.20998568

>>20997192
It bridges the gap between real world APIs, ecommerce, etc and the virtual world of crypto markets/transactions. It does this security using oracles. Now Joe the plumber can create an ecommerce site and have secure anonymous financial transactions go throught he crytp interwebs at the speed of light versus waiting like 3 business days on a standard (((merchant))) transaction. Crypto in general makes transaction much faster and decentralized. but the issue was how to use it with real world applications and not get hacked (yuk). Chainlink solves this at a cheaper price than SWIFT, etc.

>> No.20998704

>>20997192
Its like if ibm and microsoft had merged early they have the hardware on which everything runs and the software which most of all defi crap runs on.

>> No.20998911

>>20997192
The shills on twitter might have been badly done but on /biz/ it's lit!
That's why bro, should totally put your house in it!

>> No.20998940

>>20998418
Shills hype. Bot and paid ones.
A few are legits and make funny memes. That's it. 3B$ market cap for something that doesn't even come out? At least Btc and Eth were ready at that moment.

>> No.20998944

It's like XRP, but totally overpriced.

>> No.20998992

>>20997192
Nothing dude it’s literally a couple of nodes pinging each other the price of eth, lmao. It just got memed here and it caught on

>> No.20999143

>>20997192
Are you looking to get fucking pumped and dumped, kid?

>> No.20999320

I work for a company called Link and I used to work for Oracle. To me, this is a divine sign that I am meant to invest in this

>> No.20999711

>>20997192
>explain link to me
Pee pee poo poo

>> No.21000141

1st crypto hype cycle was the idea of an e-currency, a digital alternative to the dollar you could buy weed and pizza with, that was btc
2nd hype cycle was realizing the underlying tech, the blockchain, had value for more than a digital currency and could be applied to the enterprise technology world and many other applications, since it essentially meant triple entry accounting. That was eth, with the EEA and the ico bubble.
3rd cycle is functional blockchain applications that can successfully replicate traditional forms of handshake contracts and big firms guarantees through self executing code and cryptographic guarantees, ie eliminating white collar middlemen by automatizing 'trust'. That's smart contracts, the whole point of the space. But to be useful they need real world data, if x happens then execute y action, the blockchain by default is an offline computer and needs a connection to the regular internet. That's chainlink. The bridge, the internet, the pipeline where the data oil flows.

Currently this hype cycle is DeFi which just means elaborate smart contracts that replicate traditional finance instruments, lending, derivatives, etc all powered directly peer to peer with no intermediary, meaning more savings for all involved. DeFi is only one possible application, and is still in its infancy. Only valued at like one billion, when if it takes over tradfi, could reach quadrillions. Which is doomed to happen because cheaper, faster, etc. Just needs time to mature, become more secure etc. Now this is also true for applications outside of DeFi, like insurance, supply chain etc. They will also have their hype cycles.

You need to understand the only tools in the stack that matter are the computer and the internet. That's eth and chainlink. Anything else is an application built on top of them. That's the stack hierarchy.

Currently the crypto space is 99% of projects with no purpose or usage.