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/biz/ - Business & Finance

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22072952 No.22072952 [Reply] [Original]

>ChainLink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. LINK is the digital asset token used to pay for services on the network.

What the fuck does that even mean? Give me one real world use case for an Oracle.

>> No.22073033

imagine being spoon fed for not one, not two, but THREE years. You weren't meant to make it anon.

>> No.22073049

You clearly don't leave your basement enough, use your imagination plus a little blade runner type sci fi and put the bits together ffs

>> No.22073055

>>22072952
Watch the conference idiot.

>> No.22073080

>>22073033
nice dubs
fuck link. erc20 tokens will die young. Enjoy it while it lasts.

>> No.22073356
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22073356

>>22072952
heres a real world use case

>> No.22073409

>>22073033
>diurrr we use chainlink so people dont hack sports website data to win sports bets

Kek, so hackers just hack your shitty chainlink node instead.

>> No.22073455

>>22072952
It will allow me to fuck your sister and automatically pay her the 50 cents she wants for her services if all the requirements of the smart contract is fulfilled (i.e. your mom sucking my cum out of her cunt).

>> No.22073462

>>22072952
It means token not needed

>> No.22073497

>>22072952
LINK is the economic integrity incentive of the Chainlink oracle network.

>> No.22073522

>>22072952
Price feed data

>> No.22073589

I love how whenever this is asked....NONE of you little faggot ass Link mother fuckers can't answer it. NOT A SINGLE ONE OF YOU. you retards are buying some shit just because everyone else is. think for yourself for once.

>> No.22073674
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22073674

Ask one of those people, fuckwit

>> No.22073681

>>22072952
Either TRB or DIA will kill LINK

>> No.22073720

>>22072952
>Give me one real world use case for an Oracle.
tokenizing real world gravel

>> No.22073759

>>22073589
I didnt realize it until I made about $500 . Then I dumped.

>> No.22073771

>>22072952
making you filthy fucking rich, don't act like you care about fundamentals

>> No.22073824

I just started racking my brain.

it said it provides data. ok what data does it provide that already isnt there. I was walking my dog and i thought wait a minute isnt this just a bloomberg terminal in 2020 ? explain to me''

SIR GAY

>> No.22073838

>>22073522
>What is an RSS Feed
Literally no need for this.

>> No.22073889

>>22072952
>If I use jargon that I spoon feed to my followers they will feel smart.

Link holders are morons.

>> No.22073900

>>22072952
It means that instead of simply using software and encryption to do data processes, companies can decide to interact in an incredibly Rube Goldberg way of using a third party to insure the validity of a data process by staking a volatile cryptocurrency. That's literally fucking precisely what it means.

>> No.22073924
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22073924

ANON.
Wake urself up. I need you to help me do an ico for my llc.

Why cant we form /bizraeli/ hedge fund starting now
taking applications doing interviews on the spot.

>> No.22073928

>>22073900
And they would do this... because? Wouldn't that be needlessly expensive and counterproductive?

>> No.22074190

>>22073674
>@thelinkmarine1
This is a hypothetical lists of companies not partners.
No partners
No lightning network
No road map
Still just an ERC20 token with no mainnet in sight
One that is 90% held by 5% of holders

Hey maybe they pull a rabbit out of their ass. Lord knows they did with the valuation. Right now this is looking like an extremely strong sell especially if you got in prior to $1

>> No.22074227

>>22073080
Jesus. You reply with even more stupid shit. It isn't an ERC20.

>> No.22074282
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22074282

>>22072952
https://vocaroo.com/h4vnIf6ll1k

>> No.22074349

>>22074190
>lightning network
kys

>> No.22074381
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22074381

>>22073674
>gravel coin is listed there

>> No.22074485

>>22073928
>>22073928
I fully understand the Link dream. Which is that every corporation has it's links in the Chainlink. In this way you can create data processes based on a myriad of potentially infinite variables. Sounds pretty amazing right?

Well, actually there's not a huge market for this. Case in point being the fact that there aren't a lot of scenarios you can come up with that will need or want to interact in this way. Insurance is commonly cited but the use cases in this regard are highly limited. And you have the little stuff like a paradigm shift of infrastructure, the fact that this again can be solved with software, the lack of problems occurring via encrypted processes/lack of "bad actors" that are apparently altering data feeds.

>> No.22074592

>>22074485
Link is cool I guess (the community is so god awful), but it really just belongs in the crypto sphere.

>> No.22074618

It's a classic if x then y mechanism which in computer science is called a quantum cyber trigger. The most relevant example is essentially the cuckoo clock developed by Switzerland engineers many centuries ago. The clock masters, due to generous funding from banking and financial elites possessing the necessary incentive to see them succeed, realized that they could reliably and provably connect the internal clock mechanism to an external sound device whenever a certain time block had been created. Thus, the invention of the first fully autonomous alarm clock. Before that, the bankers and financiers still relied on physical subordinates to wake them up in the morning. The creation of the cuckoo clock thus had this side effect of eliminating the need for this entire human alarm servant caste, rendered irrelevant by the technology, and now having lesser opportunities for employment, creating more competitiveness and wage pressure on the market as an ultimate result. The 99% began to struggle more and more, while the actual elites further benefited from this experience. This birth of the cuckoo clock was essentially the trigger for the birth of modern capitalism, and you can see its core principles and dynamics still being applied today to various other fields and tasks, with a gap between the elites and the masses that's wider than ever in human history. Well, this is what chainlink fundamentally is, an alarm clock. It beeps at a certain time you define in the settings.

>> No.22074704

>>22074618
Yeah that's what code is (if x then y).

>> No.22074747

>>22072952
Its a meme coin used for speculation. Thats all you need to know.

>> No.22075107

>>22072952
>Give me one real world use case for an Oracle.
it made me rich

>> No.22075209

>>22072952
There have been countless conferences and an entire virtual event that just happened which answers your question in far more detail than any post you'd get from this thread.

Please fuck off, tweddit.