/biz/ - Business & Finance

[Anonymous No.25969395]

https://www.coindesk.com/paxos-defi-market-oracle-integration-chainlink
81K EOY

[Anonymous No.25969455]

Cope

[Anonymous No.25969459]

Yeah, please remind me what country paxos devs are from?

[Anonymous No.25969962]

>>25969395
HELLO IS /BIZ/ FUCKING DEAD? THIS IS LITERALLY PAYPAL ADOPTING CHAINLINK.

HELLO

HELLO???

[Anonymous No.25970020]

>>25969395
massive yet awfully quiet here
have a (you)

[Anonymous No.25970148]

>>25969395

[Anonymous No.25970162]

>>25969395
Is it happening now?

[Anonymous No.25970187]

Is this real or all larps?

[Anonymous No.25970260]

>>25969395
large if verified

[Anonymous No.25970268]

>>25969962

Schizo

[Anonymous No.25970367]

>>25969395
Anyone have the video/audio of this? Want to jack off to it again

[Anonymous No.25970388]

81k/LINK is not a meme

[Anonymous No.25970470]

>>25969395
Explain to a brainlet why this is a big deal

[Anonymous No.25970487]

you guys are so delusional

[Anonymous No.25970489]

>>25970470
It's not

[Anonymous No.25970500]

>>25969962
Why would you get your nipples tattooed black?

[Anonymous No.25970501]

>>25969395
Brainlet here, what am I looking at?

[Anonymous No.25970536]

>>25969395
> This is the paxos news
I hoped it was going to be to do with paypal, not just another price feed.

I was actually relying on that hopium boys...

[Anonymous No.25970569]

>>25970501
Paxos integrated Chainlink. Who runs PayPal’s crypto end? PAXOS. Chainlink will be providing price feeds and proof-of-reserve functions for Paypal’s crypto supply via Paxos
https://www.coindesk.com/paypal-picks-paxos-to-supply-crypto-for-new-service-sources-say

[Anonymous No.25970620]

>>25970569
It's that chainlink will have paxos stable coins added as a price feed, not paxos integrating link.

[Anonymous No.25970622]

>>25970536
looks like link is used for proof of reserve though, why are you talking about price feeds?

[Anonymous No.25970628]

>>25970569
But what does PayPal have anything to do with chainlink?

[Anonymous No.25970657]

Crabwalk until year 81000

[Anonymous No.25970673]

Im actually fucking done. I had been holding out for this for over a month to get me through.

WHY CAN'T THIS SHIT TEAM DO FUCKING ANYTHING.

[Anonymous No.25970695]

>>25970569
But isn't Paxos just using Chainlink for price feeds? I mean I guess that's something, but Chainlink needs to start doing some heavy lifting, not only price feeds. We need the nodes doing the COMPUTATION. How's PayPals crypto off-ramp? Do we have Chainlink doing the work on that front? If not, get on it immediately anon

[Anonymous No.25970824]

>>25970622
Proof of the paxos asset backing but the main component is the price feeds which Paxos hopes will help adoption of its stablecoins. Its literally nothing that i hoped we'd get.

[Anonymous No.25970852]

>>25970620
https://www.paxos.com/paxos-adopts-chainlink-oracles-to-further-adoption-of-pax-and-paxg-in-defi/

[Anonymous No.25970868]

>>25970622
Anon, I need you to start working on the Chainlink X PayPal integration. Can you start tomorrow? I need the Chainlink oracle network doing all the PayPal's and Paxos's computation before the end of month

[Anonymous No.25970886]

>>25970695
Other way round. Chainlink is now giving paxos stablecoin feeds.

I had hoped they would start using chainlink feed data and so downstream so would paypal. This is just more price feed fucking bloat.

[Anonymous No.25970898]

It’s all true. Monday’s anon was right. You just win. Visa/Circle/USDC + Chainlink announcement next.

[Anonymous No.25970931]

>>25970824
So anon. Let me get this clear... We're only talking about price feeds for some Indian stable coins?

[Anonymous No.25970932]

>>25970852
Exactly as i said
>>25970886

[Anonymous No.25970949]

>>25970388
I would mainline these schizo crumbs, if I could

[Anonymous No.25970965]

>>25970898
Link to thread?

Btw Chainlink/PayPal is real and if you’re still denying it when faced with the news today then you’re ngmi

[Anonymous No.25971014]

>>25970931
Paxos isn't indian afaik but yes. It's some company hoping a link feed for their stablecoins will make it appeal to defi like tether, dai or usd-c does. Good for them, trash for us. There's also a proof of reserve from a monthly audit they have done which is trivial.

[Anonymous No.25971020]

>>25970886
So Chainlink is providing stable coin feeds from Paxos? Or has Sergey started giving out API's for free? That son of a bitch

[Anonymous No.25971054]

>Chainlink will develop on-chain Proof of Reserve Data Feeds for Paxos assets, allowing DeFi applications to quickly verify on-chain that PAX tokens are fully backed 1:1 by US Dollars and PAXG tokens are fully backed by gold bars, both of which are held off-chain in Paxos’ custody.

[Anonymous No.25971098]

>>25971020
The former from my reading. Though ill happily hear otherwise, im so fucking blackpilled i thought we had paypal jews inbound.

[Anonymous No.25971148]

>>25971098
*news

[Anonymous No.25971169]

>>25971014
Okay thanks anon. God bless you. Network traffic is probably the metric we should focus on. Btw I hope Adelyn doesn't hype this on twitter, it makes me anxious

[Anonymous No.25971178]

>>25970965
Search for Visa + US OCC on a warosu

[Anonymous No.25971176]

>>25969395
lol u losers we all on the btc train now choochoooo

[Anonymous No.25971193]

>>25971098
>>25971148
the paypal jews are coming too

[Anonymous No.25971200]

>>25969962
thi s i'm literally shaking

[Anonymous No.25971220]

very big juicy somethingsergerburger

[Anonymous No.25971237]

>>25971054
People are missing the fact that Paxos is actually applied to become a Federally regulated bank in November 2020.

[Anonymous No.25971299]

I have 276 Chainlink and I'm gonna make it.

[Anonymous No.25971310]

>>25970932
>>25970886
Anon, Paxos gives Paypal crypto prices.

And guess who provides Paxos with its price feeds now.

[Anonymous No.25971323]

The only positive I can spin is that realistically the network couldn't handle being their price feed supplier right now with eth as it is. So maybe down the line when we can this will be a foot in the door.

[Anonymous No.25971342]

>>25971310
why doesn't paypal get the prices directly from chainlink tho?

seems fishy

[Anonymous No.25971360]

>>25971310
You've totally misread the news. We're adding their two stablecoins to the price feed offerings, it's not them using our price feeds.

[Anonymous No.25971382]

>>25971178
Ties in with Paxos becoming a bank, at the same time that banks are now allowed to use stablecoins

[Anonymous No.25971430]

>>25971310
PayPal uses Paxos for all of the buys/sells of crypto their customers do

[Anonymous No.25971448]

>>25971299
250 here fren. Wish I was around before $3.... like the 30 cents days. oh well. I'm happy

[Anonymous No.25971497]

Nothing burger.

[Anonymous No.25971526]

>>25971342
Why don't Defi users get their prices from Aave, Synthetix, ... instead of directly from Chainlink?
Because the price feeds are part of a general service.

>>25971360
Chainlink is providing Paxos with PAX and PAXG price feeds, and I don't think there's been a single major Chainlink partner who didn't expand their usage of Chainlink.
Get your head out of your ass, anon.

[Anonymous No.25971569]

>>25971360
“Paxos is USING Chainlink’s oracle solutions as they are highly secure, reliable, and flexible.” Straight from Paxos.

[Anonymous No.25971580]

I live in a second world shithole and i have around 1k link. Will i make it?

[Anonymous No.25971606]

>>25971360
Their stablecoins are backed 1:1 with dollars and gold. Chainlink provides proof of reserve. Paxos is a bank, not a shitcoin, and all banks are now going to be switching to stablecoins. Chainlink will be their oracle of choice for their proof of reserve.

[Anonymous No.25971610]

>>25971448
Don’t sell for at least 10 years and you’ll be set. You won’t even need to sell then desu.

[Anonymous No.25971618]

>>25971448
I'm glad to hear you're having fun staying poor.

[Anonymous No.25971623]

>>25971430
Yep.

[Anonymous No.25971673]

>>25971580
Yes. Wait at least 5 years before selling if you decide to sell. Otherwise tough it out until you can live off staking 1k

[Anonymous No.25971695]

>>25971342
Why do Defi users get their prices from Aave, Synthetix, ... instead of directly from Chainlink?
Because the price feeds are part of a general service/product.

>>25971360
Chainlink is providing Paxos with PAX and PAXG price feeds, and I don't think there's been a single major Chainlink partner who didn't expand their usage of Chainlink.
Get your head out of your ass, anon.

[Anonymous No.25971700]

>>/biz/thread/S25901577

[Anonymous No.25971741]

>>25971580
Let me guess. Russia? Poland?

[Anonymous No.25971742]

>>25971569
Thst paragraph is talking about how defi contracts can now adopt pax token, so the explanation of why they're using link is in terms of why they've chosen it to reach out to that market. If you can find otherwise great news but there's currently no indication that they're using the feeds themselves.

[Anonymous No.25971803]

>>25969395
can someone explain why this is good like im retarded?

[Anonymous No.25971814]

>>25971606
No, they have an auditing firm do a report monthly. Link is going to put that on the blockchain monthly - it serves no purpose for paxos, they already have that information. It can be useful to external defi applications though.

[Anonymous No.25971947]

>>25971814
Chainlink already secures proof of reserve for billions of dollars worth of stablecoins.

[Anonymous No.25972022]

Wtf just got an email from Chainlink about stable coins IT'S HAPPENING

[Anonymous No.25972087]

>>25971814
Yes, the auditing firm has to do it because Paxos is a regulated bank. Chainlink provides proof of reserve for their physical dollars and gold. How else would they do it without a report being written? It’s literal gold and dollars sitting in a vault. Your FUD makes no sense.

[Anonymous No.25972110]

>>25971947
Yeah and now we're doing it for paxos backing. So a defi application that wants faith in paxos can use the link monthly update.

[Anonymous No.25972153]

>>25972087
I think you're misreading

[Anonymous No.25972172]

>>25969962
meh

[Anonymous No.25972234]

>>25971178
Yesterday OCC tweeted out about Anchorage digital bank getting a charter, would be second digital bank I believe after Avanti in Wyoming, which has a much broader charter which I assume is due to how progressive WY legislators are on crypto.

https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-6.html

https://medium.com/anchorage/anchorage-supports-chainlink-a4ebcb0bb262

[Anonymous No.25972235]

>>25972153
No, you’re misreading

[Anonymous No.25972255]

>>25972022
post email ser

[Anonymous No.25972371]

>>25970620
>It's that chainlink will have paxos stable coins added as a price feed, not paxos integrating link.
ie sirgay paying out of his own pocket 1 million a month to jonny and other handpicked node scammers to report 1.00
HAHAHHAHAH A PRICE FEED FOR A STABLECOIN HAHAHAHA ITS LITERALLY JUST 1.00 AT ALL TIMES I COULD TELL YOU FOR FREE BUT SIRGAY IS PAYING MILLIONS FOR THIS LOL

>next up
>tether price feed, funded by you bagholders getting dumped on
HAHAHAH the scam of the century

[Anonymous No.25972479]

>>25971803
Paxos and Chainlink are holding hands, but not swapping spit yet.

[Anonymous No.25972504]

>>25972371
I say stablecoin. One is pegged to gold and i assume paxos is a dollar token but it may be something else. So having a reliable feed is useful, though i think we kind of have enough with dai, tether and usd-c.

[Anonymous No.25972555]

>>25972504
Guess add the reserve token as well and all the planned digital central bank currencies. Getting a bit bloated but jews need to own the money printers.

[Anonymous No.25972599]

>>25972504
>we
Who do you think is using these stablecoins? Shitcoin gamblers? It’s fucking banks

[Anonymous No.25972610]

if chainlink doesn't moon to $100 on the news, then it's a >>>NOTHING BURGER<<<

[Anonymous No.25972636]

>>25972235
i accept your concession

[Anonymous No.25972669]

>>25971700
Umm guys was that AssBlaster?

[Anonymous No.25972695]

>>25972599
Well mostly defi right now and a lot of retail. CBs aren't using stablecoins for anything substantial yet.

[Anonymous No.25972699]

I'm excited, this is exciting

[Anonymous No.25972830]

>>25972695
Because US banks have been allowed to use stablecoins for approximately 10 days.

[Anonymous No.25973080]

>>25972669
Wtf, I hadn’t thought of the possibility. Doesn’t seem like the same way of writing though.

[Anonymous No.25973102]

>>25969455
chainlink oracles power everything

[Anonymous No.25973113]

>>25973080
It kind of does sound like him, he said he was on hiatus for 2 years too...

[Anonymous No.25973258]

>>25971360
>>25971310

How or where do I adquire knowledge in these matters? I'm completely lost as to what to google for.

[Anonymous No.25973327]

>>25972371
imagine fudding link at this point, sorry you missed out but there are plenty of asymmetric opportunities out there sirs

[Anonymous No.25973395]

>>25973258
I don't know, read the whitepaper first, a surprising number of people haven't and it shows. Read the blogposts since on new tech updates like tsigs, deco, vrf.

[Anonymous No.25973397]

>>25971618
I will never understand the constant projection on this site. Literally seeking others out to project. Not poor, but in the low 200s of SIX FIGURE HELL. AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH WAKE ME UP

[Anonymous No.25973682]

>>25973395
Sorry, I meant something else, more like a direction in where to start to learn about crypto, its terminology, etc.

When I read one of your posts I can only understand a very superficial idea of it since I've got 0 knowledge on things like oracles, price feeds (what are they, why we need them).

How do I become up to date on the crypto world?

[Anonymous No.25974581]

>>25972669
You rang? AMA

[Anonymous No.25974649]

>>25969395
At this point, Elon Musk could tweet “Chainlink” and the price would still be around $12-$16 kek

[Anonymous No.25975108]

>>25974581
Post with trips

[Anonymous No.25975147]

>>25974581
you're not assblaster. wanna know how i know? because I am the blaster of ass.

[Anonymous No.25975194]

>>25971014
>It's some company hoping a link feed for their stablecoins will make it appeal to defi like tethe
yep. Every shitcoin "partners" with link hoping to get /biz/ to hop on board like they did aave.

[Anonymous No.25975539]

>>25969962
>PAYPAL ADOPTING CHAINLINK
The delusion is unreal

[Anonymous No.25975778]

>>25971360

This. Its not bearish its just not as bullish as people are making it out to be. The proof of reserve is exciting though and excellent news.

>>25975259

[Anonymous No.25975786]

>>25973682
lurk moar

[Anonymous No.25976497]

https://twitter.com/initc3org/status/1349791057844858882
I'm sure this is also nothing.

[Anonymous No.25976739]

>>25976497
https://totalwebcasting.com/view/?func=VOFF&id=columbia&date=2020-01-08&seq=1

[Anonymous No.25976767]

>>25976497

This is actually bullish as fuck and there are better connections here than what was posted today. Christine Moy has direct connections with J.P. Morgan and their "Liink" project.

[Anonymous No.25976811]

>>25976739
>https://totalwebcasting.com/view/?func=VOFF&id=columbia&date=2020-01-08&seq=1
holy based, thank you anon

[Anonymous No.25977019]

>>25971014
>Paxos isn't indian afaik but yes
>>25970931
Paxos is New York based with a New York banking charter. Not some pajeet.

[Anonymous No.25977113]

>>25971342
Paypal like Jp Morgan and Goldman are trying to keep a middleman to their exposure to Crypto in case something goes wrong. The middle man handles custodian for it, and they invest in that company. Some banks feel they aren't allowed to directly own crypto companies so they put that middleman in charge.

[Anonymous No.25977155]

>>25969395
nice fake article

[Anonymous No.25977282]

>>25971814
>Link is going to put that on the blockchain monthly - it serves no purpose for paxos, they already have that information.
The point is that eventually companies dont rely on third parties to preform audits. The audit is done automatically by the oracle/smart contract network. The audit will be spit out in real time by oracles. The point of oracles and smart contracts is to remove 3rd party trust like trusting PWC or say Arthur Andersen to tell the truth about Enron.

[Anonymous No.25977807]

>>25977282
Is that the case? I got the feeling they'll be taking the information from the audits and providing it to others. Though im not sure of the need.

[Anonymous No.25977865]

Linkers would be more convincing if every article they posted relating to Chainlink wasn't pure bullshit

[Anonymous No.25977908]

>>25977807
Thats the goal with the smart contract/oracles. There isnt 3rd parties doing the audit. The audit is done online by oracles all instantly since its all in the oracle network, even physical objects. They will probably curate the raw data from audits on the network for investors but its all there to see.

[Anonymous No.25977929]

Priced in chainlink is at 6 billion

[Anonymous No.25978082]

Did my lil 110 stack turn into I’m going to make it stack?!?!

[Anonymous No.25978117]

>>25978082
Yes. How does 8,910,000 sound?

[Anonymous No.25978867]

This is certainly not nothing, as many anons are fudding.

[Anonymous No.25978996]

>>25977908
Where's the information from their banks that they're doing that though? Or do they keep their assets themselves, i know they're halfway to being a bank.

[Anonymous No.25979215]

How much to stake?