[ 3 / biz / cgl / ck / diy / fa / g / ic / jp / lit / sci / tg / vr / vt ] [ index / top / reports / report a bug ] [ 4plebs / archived.moe / rbt ]

Due to resource constraints, /g/ and /tg/ will no longer be archived or available. Other archivers continue to archive these boards.Become a Patron!

/biz/ - Business & Finance

View post   

[ Toggle deleted replies ]
File: 120 KB, 828x817, 8CA38795-5E87-4B98-80E3-48C73D1A077B.jpg [View same] [iqdb] [saucenao] [google] [report]
27861140 No.27861140 [Reply] [Original] [archived.moe]

So we are just gonna have a huge shitcoin derivatives market for common stock now?

>> No.27861248

Synthetix will.

>> No.27861384
File: 101 KB, 486x580, 1585254118303.png [View same] [iqdb] [saucenao] [google] [report]

Explain to a retard what he's looking at

>> No.27861448

Chainlink’s biggest customer 2 years after mainnet is Synthetix. If only you realize how overvalued Chainlink really is.

>> No.27861528

You're not smart enough to reply to me.

>> No.27861608
File: 6 KB, 300x168, images.jpg [View same] [iqdb] [saucenao] [google] [report]


This exactly what I suspected would happen when Sergey mentioned derivatives in 2019 kek

>> No.27861619

Your ID says your a sow. Oink oink piggy

>> No.27861633
File: 141 KB, 1200x1200, FDBD5168-D636-4A3E-A914-7B4484B6EA2D.jpg [View same] [iqdb] [saucenao] [google] [report]

Says the faggot that does not understand what having a 24/7 unregulated derivatives market for trillions in assets means for a $26 stablecoin.

>> No.27861808


>> No.27861876

>$26 stable coin.

Nigger we are going to hit $23 and $30 this weekend.

>> No.27862580

Prove me wrong then. Who is chainlink’s biggest customer?

>> No.27862702

how do these synthetic things work? are they basically just fancy iou:s or something? do syntethix buy tesla stock and then print however much they have as some token people can trade with each other, with link oracles pegging their price?

>> No.27862819
File: 168 KB, 1080x1130, F5B47076-A79D-4950-B1F7-3AD66FE33D1C.jpg [View same] [iqdb] [saucenao] [google] [report]


>> No.27862904

Its like tether, for LINK

>> No.27862986

I didn’t even click this before respond. Holy shit, Elon needs to tweet this.

>> No.27863110
File: 361 KB, 1567x1253, 1548825683415.jpg [View same] [iqdb] [saucenao] [google] [report]

It's like all derivatives markets, people buy and sell thin air based on the price of an asset.
There is no reliable way to wrap a non blockchain based asset at this time without some kind of centralized custodial service.
Think of it like a sports betting site, but contracts execute on the price of a stock instead of the outcome of a sportsball game.
Most people in the world cannot participate in the US stock market, this lets them.

>> No.27863139

bagholder cope

>> No.27863801

What? Dude, stani is fucking rich. He’s not a “bag holder”.

>> No.27864044

How can you baghold link? Are you stupid?

>> No.27864142

Always wondered, how does this work? I mean if I want to buy a crypto tesla stock, someone has to sell it to me, where did he get it from? Why woul anyone buy it from me at the tesla stock price later since it is not a real stock?

>> No.27864170

LINK's price swings are much slower.
If we hit 23 over the weekend, we'll breach 30 next friday.

>> No.27864180

I just realized this. Just sold all my Link
t.23k linkie

>> No.27864253

Post tx. For historic reason

>> No.27864446
File: 470 KB, 500x913, trumplink.png [View same] [iqdb] [saucenao] [google] [report]

81K is FUD if this is true
t. wanted to short brainstop but all my money is in crypto

>> No.27864526

It’s being held for you by the custodians smart contract. In this case, synthetix.

>> No.27864551

Im so fuckin close to fomo in to snx, someone fud

>> No.27864573

You're talking about options? But you need someone to sell you the option, and he needs to deliver the underlying if you exercise it. In a crypto setting how does it work, does the market maker lock up the potential ppayoff when you create the contract?

>> No.27864601

The SEC is going to wreck them

>> No.27864672

Just look at the chart anon

>> No.27864686

You mean the actual stock is locked up by a smart contract?

>> No.27864742
File: 236 KB, 1858x841, screencrop_01.png [View same] [iqdb] [saucenao] [google] [report]

seriously, when is Ed going to get arbitrum on the go?

>> No.27864768

Yeah ive thought about that, but will it matter?

>> No.27864824

pretty sure this is not how it works. synthetix tokens are derivatives not backed by the actual asset, kind of like bitmex. But for every long, there is a short, and that's where the money comes from

>> No.27864906

Fuck are you retarded. Buy link and never post again

>> No.27865028

I have no idea what a derivative is and I've been on /biz/ for 4 years

>> No.27865088

So you don't know

Ok this would make more sense

>> No.27865294

81k per link wasn't a lie?

Godlike trips

>> No.27865367

Ice ice baby. Linkpool synthetix ice.

Name (leave empty)
Comment (leave empty)
Password [?]Password used for file deletion.