Chainlink spoonfeed thread

[Anonymous No.29130844]

I'll answer any questions about the project honestly and meme free

[Anonymous No.29130889]

>>29130844
Will 4000 LINK allow me to /make it/ ?
I am so tired

[Anonymous No.29131017]

>>29130889
Likely yes, but you will have to have patience
If you are tired you can take a nap

[Anonymous No.29131034]

>>29130844
Explain how the coin works like I am a 12 year old

[Anonymous No.29131047]

Fantom is one of the most obvious scams in crypto.

None of your "papers" are peer-reviewed. Any idiot can upload them. Your government "partnerships" are exclusively with the most corrupt officials and nations in the world, where you can buy any statement. Proof that they are all false is that NOTHING has happened. NO development, not even a small beginning, despite Fantom having their crashed tech trainwreck of a badly forked Ethereum Virtual Machine for over a year. NOBODY is building on that shit. NOBODY. Every dev knows it's a scam.

ALL among the most corrupt nations in the world. ZERO development. NO dev building on Fantom. It's ALL lies and scam.

Every potential investor can see that the Fantom scammers are totally unable to defend their scam and utter shit tech trainwreck.

Scam. Whole chink team exit scammed long time ago. Now they only have hired devs from Russia and a tech trainwreck of a badly forked Ethereum Virtual Machine. All their "partnerships" are paid for and made in some of the most corrupt nations in the world.

They lied about 300 000 tps dag

They lied about transaction speed. Their "test" of speed was on a "testnet". ie on a computer and not Fantom's blockchain

They lied about central banks

Partnership with Oracle is fake and only a sales rep contract with Fantom's Korea division. ANY seller of Oracle have that "partnership"

All you have is empty statements from some of the most corrupt nations on earth, in partnership with a PROVEN Fantom scammer team.

NOBODY is using you shit tech trainwreck of a badly forked Ethereum Virtual Machine. Even after having been out for over a year. Not a single dev will touch that shit

You Fantom scammers are the most psychotic and delusional in crypto space.

ALL from some of the most corrupt third world countries. Not a single company or government entity from the West will touch that shit.

Worse, ALL you have is emty statements from corrupt thrird wold leaders and a proven Fantom scammer team

[Anonymous No.29131051]

>>29130844
are OCR and L2 the same thing?

are these complimentary or competitors of Arbitrum?

[Anonymous No.29131140]

>>29130844
Why hasn't the team accomplished a single thing in an entire year? Aren't they afraid of Smartcon 2 being an enormous humiliation as a result?

I know disabled neets who accomplish more in any given year just out of boredom.

[Anonymous No.29131429]

>>29130844
what is the infinite money cheat?

[Anonymous No.29131505]

>>29131034
Blockchains are digital agreements that are extremely trustworthy but unfortunately they can't do anything in the real world like check a price, order something or make a bank payment.
Chainlink does all of those things and more so that the real world can enjoy the benefits of blockchain.
>>29131047
Shoo shoo

[Anonymous No.29132465]

>>29131051
No

OCR is the data reporting advance that makes gas costs scale linearly (rather than exponentially) with the number of nodes reporting
Threshhold signatures is the next advance of this technology which effectively makes reporting 30 nodes as cheap as reporting 1

Arbitrum is a way for a collection of Chainlink nodes to act as the smartcontract execution layer like ethereum but at a far, far cheaper cost. It contains two technologies: a standard rollup (decreases eth gas costs by ~25x) and AnyTrust which is a node quorum version (which decreases eth gas costs 1000x but requires a rollup and ETH as fallbacks if any node disagrees)
>>29131140
You know this is just sour grapes...look at how many projects have injected themselves with that sweet sweet chainlink goodness in the last year
Also isn't it the funniest thing that the first summit was called SmartCon 0?
What would that make the next one?
Really activates the almonds...
>>29131429
Get a steady paying job, save the vast majority of your income
Invest half in boring mainstream stuff like whole market ETFs
Invest the other half in 2-8 highly promising emerging technologies that you like reading about
You'll either make it slowly like a standard cuck or one day you'll wake up and realize that you won't work a day in your 40's if you don't want to.

[Anonymous No.29132596]

>>29130844
Why is there no enterprise use

[Anonymous No.29132645]

What's a realistic EOY on LINK?

[Anonymous No.29132669]

Does chainlink actually have any working function right now in any capacity? Are the oracles (if they even exist and work yet) used at all? Or is it currently an ERC20 shitcoin sold on broken future promises and hype?

[Anonymous No.29132859]

>>29132596
Two answers:
There currently is enterprise use but fully closed and admittedly little pressure to transfer volume to CL at current (if you want to send a bank payment with a smart contract you now have to be a bank and integrate yourself)
The real reason is that there's no ability to sustain enterprise volumes. For that kind of throughput you'll really need AnyTrust to be proven over a few million transactions for people to even consider
If you want some hopium:
https://explorer.offchainlabs.com/#/

[Anonymous No.29133135]

>>29132645
When I give price predictions they are disappointing because they have appropriately wide confidence intervals
Two to four digits
>>29132669
It is the reason defi exists and is expanding

[Anonymous No.29133556]

>>29130844
bump to buy me time

[Anonymous No.29133667]

https://autocode.com/?twclid=11362783085708902407


dont need things like linkchain

[Anonymous No.29133693]

The data has to come from somewhere...

How does chainlink solve the problem of data manipulation at the source?

[Anonymous No.29133744]

Will the current BNB fuckery affect LINK/ETH in any way?

[Anonymous No.29133803]

>>29130844
If the main coins are already established isn’t it pointless to keep propping up new coins?

[Anonymous No.29134059]

When is staking coming?

And how will Chainlink team solve the issue with giant pool oracles like LinkPool gobbling up all the oracle jobs and effectively centralizing the oracle service?

[Anonymous No.29134093]

investing your money in the most disappointing coin at top 10 must hurt, op. if chain link is so good how is it being surpassed by every other fucking shitcoin in existence this bull run? what prevents you from selling your stack of this already irrelevant piece of tech that's essentially abandoned?

[Anonymous No.29134129]

>>29130844
BTC/XMR maxi here. Most of defi seems like a scam to me, but I acknowledge it maigth become important in the future and in turn chainlink (or something similiar) will be important.

- Do you have a link to any good introduction? Text or video, both is ok (also for the other questions).
- Is there any important material you'd like me to read/ watch?
- With what other chains does it work together, or can it even work on it's own?
- For what purpose is the token payed or can be earned?
- How did the initial emission work?
- Does it require any central entity, like for eg. orcals?
- How is the current performance (tps or whatever metric you guys use) and how will it scale?
- How is development funded?

[Anonymous No.29134138]

>>29133693
dumb retard

[Anonymous No.29134201]

>>29132465
> "not delivering anything announced a year ago is okay because they called it smartcon 0 and not 1"

Jesus i was joking but this is beyond sad.

[Anonymous No.29134317]

>>29132645
81,000

[Anonymous No.29134748]

>>29133744
this

[Anonymous No.29134946]

>>29130844
what makes a smart contract special? what does self-executing mean, quick rundown?

[Anonymous No.29134955]

>>29133667
May not need linkchain
But the world needs chainlink
>>29133693
Depends entirely on whether the data source is intrinsically single source or can be verified by a secondary data derivative
Sergey's implicit vs explicit staking video does a great job of explaining this
>>29133744
What is the designated oracle network for BinanceSC?
https://bravenewcoin.com/insights/chainlink-oracles-go-live-on-binance-smart-chain
This was why Chainlink was the only project that survived the /biz/ 2018 crucible. We don't have to pick a winner, the winners line up to pay us
>>29133803
This question doesn't make sense
>>29134059
Don't know
You realize nodes are allowed to set prices for their services, right?
>>29134093
Chainlink has outperformed BTC since its inception by more than a factor of 10
BTC is widely viewed as the best performing investment in the world right now
It's not hard
>>29134129
Normally I'd lie to you because I've met hundreds of BTC maxis and never once have they been able to sustain an intelligent conversation

Start with searching youtube for sergey nazarov and watching all videos in chronological (oldest first) order
>>29134138
It's a valid question, albeit one that has been answered hundreds of times
>>29134317
That would be ambitious

[Anonymous No.29135196]

>>29134955
>You realize nodes are allowed to set prices for their services, right?
Thanks, someone in a thread a few days ago was posing this problem, and I said it was a market fix but I didn't know if it was node set or if the reputation affected the price.

[Anonymous No.29135270]

>>29134946
You're a corn farmer and need a contract that pays you if the price of corn falls below the point where your farm would go under. Currently you buy this from a financial firm that will delay payment in the event of this happening and you still might lose your farm, even though you hedged appropriately.
If you bought a smart contract based hedge, it pays you the instant the corn price drops below that price.

Now realize that the entire modern economy runs on risk modification and hedging like that in literally every industry that exists.

[Anonymous No.29135398]

>>29134955
>Normally I'd lie to you because I've met hundreds of BTC maxis and never once have they been able to sustain an intelligent conversation
Bad wording, ment I hold a mix of BTC and XMR and no other coind beside this. BTC maxis are annoying indeed

>Start with searching youtube for sergey nazarov and watching all videos in chronological (oldest first) order
That's like saying "google chainlink, sort by oldest first" and not that helpful. Anything in particular you'd recommend me? I can pinpoint which xmr sources have the highest information density and hope'd you could do something like that for chainlink

[Anonymous No.29135676]

>>29134955

could chainlink smart-contracts prevent divorce rape? for example the couple sign and in the event of divorce the contract executes based on the terms agreed on with no jewish+feminine theft after the fact

[Anonymous No.29135689]

>>29134129
Search for smartcontent blog on medium, especially the 'god protocol' intro article, there's also a chain.link blog, search for the 77 smart contract use cases article. You can also check out the Chainlink YouTube and look at Sergey presentations or podcasts.
It's blockchain agnostic meaning it can work on any chain and is already integrated with all the leading chains. It doesn't need its own chain but it could easily move to another chain if eth gets flipped by dot for instance.
It connects to the real world, where everything is centralized so yes but the point is to decentralize every data source with redundancy etc.
The token is used to pay node operators for providing accurate data, once staking will be live each node will staked certain amounts of link tokens to serve as collateral/insurance to cover for the value of the smart contract. If the node fails it loses link, if it does its job it's rewarded.
It's reliant on ethereum network capabilities, scaling with off chain reporting and computation, meaning you can have 100 different nodes signing a single transaction on ethereum instead of 100, reduced gas fees, the first phase just got implemented. See related.
The team owns 2/3 of the supply and dumps a few mils on our asses every week.

[Anonymous No.29136095]

>>29135689
Should I diversify into CL? Currently have a 7500 usd shitfolio
It's currently 85% eth and 15% lowcap (solid investment) moonshot
I don't want to overdiversify but on the otherhand I do think that LINK will grow a lot this year. Also I'm afraid to leave my safe 800 - 1000 avg ethereum buy in

[Anonymous No.29136118]

>>29135196
Happy to help
>>29135398
It is not
His entire published career is building smart contracts networks
During the early years of CL/SC he was much more transparent about the project because it didn't have the spotlight
If you're actually thinking about making a reasonable investment you need to have at least 80 hours of research, watching those videos at 2x is a good place to start
>>29135676
I could see a way to use the architecture to structure that, but that would be like driving a nail with a screwdriver
Monero is exactly designed for this use case
>>29135689
This is a very reasonable overview

[Anonymous No.29136183]

>>29135398
Smartcontentpublication.medium.com
I’m not chainlinkGod but it’s a pretty good resource

[Anonymous No.29136184]

>>29136095
Shit didnt mean to reply to that post

[Anonymous No.29136314]

>>29135270
what was it that made that impossible until smart contracts? sorry for the super basic questions, I just hear this phrase "self-executing code" thrown around a lot and think "isn't a lot of code self-executing?"

[Anonymous No.29136315]

as you seem knowledgable, i want to ask about this whole bsc situation. is it a force to be reckoned with? what happens to ERC-20 tokens?
and also: do you think PNK could be the yin to LINK's yang? subjective oracles.

[Anonymous No.29136447]

>>29136315
Never understood you PNK guys desu. It's like you're a car company trying to sell people a car that runs on oats and grass and can only be driven 4 hours a day. The value proposition of PNK, this manual contract operation that moves at the speed of humans, is exactly blockchains are replacing.

I'm also a brainlet though so what do I know.

[Anonymous No.29136702]

>>29136095
Its your choice
They are somewhat correlated assets but if you feel chainlink will outperform eth then diversify some reasonable portion, if not, don't
>>29136314
I am a humble farmer without a lawyer
You are a bank with high powered attorneys on retainer
You decide not to pay me and tell me to fuck off

You are effectively asking why the good will of the average money hungry finance guy is less reliable than immutable zero downtime fully transparent code run on a decentralized network of computers spread around the world

[Anonymous No.29136719]

>taht feel when so many BNB threads I automatically read chink instead of chainlink

[Anonymous No.29136802]

>>29135689
Damn, that's solid reply, way better than OPs shitposting. Seems like a promising project, only the 2/3 dev share is rather insane. Still, will look into it some more, this should be a good starting point.

>>29136118
>If you're actually thinking about making a reasonable investment you need to have at least 80 hours of research
I know. I sunk 200+ hours into XMR so far. But with literally 1000s of projects you have to validate if a project is at least ok quickly before sinking hours upon hours of research into it.

>>29136183
noted. will spend my saturday reading

[Anonymous No.29136991]

>>29136447
well, i do not want to turn this thread into a shill thread, but: i missed the link train and have x10 (in usd value at least) on pnk. i think it's either going to be really big or die as a cool and ambitious idea.
there's this whole deal with subjective oracles though, that's why i'm asking the OP about it.

[Anonymous No.29137041]

>>29130844
Checked. What’s the best alternative to linkpool? Is there even one? Unfortunately not a t. 186.

[Anonymous No.29137060]

>>29130844
is pic related still accurate / feasible for the project? why and or why not

[Anonymous No.29137145]

>>29130889
If you are new to LINK sell now. You havent even began to understand the horror that awaits you.

[Anonymous No.29137147]

>>29136315
See above
BSC uses chainlink oracles
Link can be locked on Eth and ported to BSC
The literal apex of cross chain wrapping projects is wBTC
wBTC was made by Benedict Chan
Benedict Chan now works for Chainlink
Do you see?
>>29136447
Thinking that pnk will represent a viable oracle solution is like thinking that reddit will come up with novel insight

[Anonymous No.29137201]

>>29130844
good thread op

[Anonymous No.29137207]

>>29135676
Something like this would be reliant on subjective conditions, you need to think about more objective use cases. Unless we start developing IoT that can track your sexual history etc. Fun to think about but realistically it's the finance industry transactions that will benefit from this tech, not normal people's daily social contracts.

>>29136315
The way I see it right now BSc only value is in its pseudo dex being cheaper to use than uniswap, this only attracts the gamblers but serious devs will keep innovating on eth. Wash trading and marketing are cz strengths, not innovation. I think this bubble could be very bad for the industry if it keeps growing simply based on gamblers hype and market manipulation.
Pnk is a joke but ironically would be useful for the divorce smart contract use cases. Useful for idiotic use cases.

[Anonymous No.29137304]

>>29130844
serious question.
I have been following link since it was 3$. (less than one year into crypto).
I see it as the next 1000$ asset, because the price action is so consistent.
I'm srsly thinking of investing now holding long term even tough i don't fully understand the technology.
I unironically see this as a safe bet.
Your thoughts?

[Anonymous No.29137317]

Retard here. The diagram in the op suggests the nodes aren't on the blockchain. How is the communication between them and the oracle contract happens? How is it secured?

[Anonymous No.29137462]

>>29137147
Should one with 5 figures in Link weather through the next bearmarket or sell in new paradigm phase to potentially double the linkstack? 5 fihures is not life changing money and 1k links certainly is woese than 2k links in 5 years.

[Anonymous No.29137610]

>>29137145
what is this garbage supposed to mean

[Anonymous No.29137672]

>>29137041
There's a lot of weird disinfo or misconception about staking, nodes and linkpool. Linkpool is just one node, there are many different nodes. They will all offer staking in some way, you will eventually even be able to use coinbase etc to delegate. Linkpool having its own token is an anomaly, not the rule for node operators.

[Anonymous No.29137700]

>>29137304
hold it until 2026 and see what happens

[Anonymous No.29137780]

>>29137317
Bump. Please op I want to learn

[Anonymous No.29137875]

>>29136719
kek same

[Anonymous No.29137927]

>>29131017
>If you are tired you can take a nap
kek'd

[Anonymous No.29138018]

>>29137462
That's a good question and no one can tell you what to do because we're in uncharted territories, while link still follows btc and the market and will inevitably crash with it, it has also been the best performing asset in the previous bear market and the smart money now has incentive to remain in the market because of functional defi yield so it could recover quickly against btc.

[Anonymous No.29138056]

>>29136314
have you ever worked in a bloated company, or observed government?
have you noticed how long it takes to do anything or achieve policy change?
bearucratic red tape, and often open to manipulation and misinterpretation/disinformation.

[Anonymous No.29138072]

>>29130844
2017 etherdelta Link oldfag here, how effectively do you think LINK will be able to adapt to changes to the crypto ecosystem with the rise of centralized things like BSC to fill the role eth used to for defi? That's assuming BSC sticks around of course.

[Anonymous No.29138111]

>>29137304
my plan personally is to get back into linkies once bobo starts showing up
Link was an amazing bearcoin, don't see why it wouldn't be against
and so far its a dogshit tier bullcoin

[Anonymous No.29138153]

>>29137317
Transfer and call function. Read the white paper.

[Anonymous No.29138186]

Chainlink has everything to make it: good team that avoids hype, highly motivated online community, amazing use case, massive interest from both legacy finance and crypto, some of the greatest minds in the world working on it (Juels, Zhang, ...), rapidly increasing adoption in Defi, etc.

The only thing it doesn't have is actual technical progress.
Almost none of the features promised since 2017 (staking, reputation contracts, enclaves, threshold signatures, ...) have been released.

This is likely due to the fact that Sergey lost most of his drive since he's already rich.

[Anonymous No.29138300]

>>29136991
>i missed the link train
you didn't miss the LINK train, you're just missed the chance to board first class

[Anonymous No.29138310]

When staking?

Price top 2021?

[Anonymous No.29138331]

>>29138153
You literally titled the thread "Chainlink spoonfeed thread". And that's the only technical question. Come on.

So, are the nodes onchain or offchain? Let's start with that?

[Anonymous No.29138403]

>>29138072
Do you think smart money will use centralized chink aave fork or other more complex or high value defi besides shit coins trading? The volume is fake, the projects are half baked with no serious devs to maintain and innovate. Not saying it couldn't happen but bsc will always reek of curry and be a kiddie table.

[Anonymous No.29138472]

>>29137041
None that i see at current, though I would expect that for the baseline (non-service agreement) portion of staking there will be competition from staked and coinbase.
I think LP will be the best because I would guess they will have explicit and baseline staking revenue for their customers
>>29137060
I tend to like it, but I'm biased because I wrote it
Still can't believe i misspelled sybil
>>29137201
Glad to be here
>>29137304
It is my biggest holding, though no project is ever guaranteed
>>29137317
This is a picture from the original whitepaper that has been fleshed out a lot in sergeys most recent slides, I'd watch all of the videos on his twitter for an idea of how each functionality now works

[Anonymous No.29138542]

>>29138331

[Anonymous No.29138760]

>>29132465
I threw some money into crytpo in 2017 and am enjoying my gains. Should I put more fiat into crypto now, or assume that things will be bearish soon and wait to put my fiat in then, when prices are lower?

[Anonymous No.29138914]

>>29130844
Realistically, when are we getting OCR integration, and Arb rollup on mainnet? When will uniswap covert to rollup? And finally, when staking?
>the team doesn't give timelines so no one knows for sure
yeah, but I mean, realistically what do you think the time frame is for these

[Anonymous No.29138943]

>>29138472
Ok so spoonfeeding now is just answering iS iT Too Late to bUY

>>29138542
I started by saying I was a retard.

[Anonymous No.29138987]

>>29138760
I've been thinking about this as well. Assuming the s2f chart is at least semi accurate, once BTC hits the 50k-60k area you're officially in at ATH/2 and should expect to sell the approximate s2f top and come back in a few years.

Thoughts on this in reference to link?>>29138472

[Anonymous No.29139058]

>>29138472

>>29137462
What is your take on holding on link vs. dcaing out during this bull? If we get staking in the next months the downside should be reduced due to passive income?

[Anonymous No.29139578]

>>29137462
Chainlink's strongest performance relative to the overall market was during the bear market
If you are anticipating a bear market, does it make sense to sell an asset with continued development that has historically done best (alpha wise) when vaporware projects are going to zero?
>>29137700
Checked. This is good advice
>>29137780
See below
>>29138018
You beat me to it
>>29138056
This is a good point as well, especially if you have seen these kinds of organizations in action
>>29138072
See above
execution chains are competing for a value per trigger that is asymptotic to zero
Chainlink is a natural monopoly that wins regardless of which execution layer/layers ends up on top
>>29138111
Make sure you're hedged with rope
>>29138186
It has been slower than anticipated on these features
And faster than anticipated in making chainlink use a requirement for any defi project to be taken seriously
The real reason for this is their approach to security which is 100% focused on being safe and 0% on fast. It does suck on our end but is likely the right idea long term.
>>29138300
Yes
>>29138310
Staked guy hinted at Q3, others have hinted at q1
I don't know
See above about price predictions
>>29138331
Chainlink nodes require an eth instance and write to eth, so in that sense they are on chain
They also grab data and perform non chain functions like VRF, so in that sense they are off chain
It's almost like they're the thing that links chains...
>>29138403
Depends on what you mean by smart money
Defi innovators?
Enterprise?
Who specifically?

[Anonymous No.29139666]

>>29138987
s2f chart? ATH/2? Are you talking technical analysis here, can you explain this?

[Anonymous No.29139885]

>>29138914
Ocr is basically live already.
Arbitrum and Optimism are basically ready but still under audits, getting tested by defi teams etc. Yeah it's taking forever and we're all angrily waiting. But they can't afford to fuck it up.

I wouldn't expect any staking related news this year, or before smartcon. Scaling is the absolute priority this year.

[Anonymous No.29139890]

>>29138760
This depends on how much of your NW is in crypto now
>75% no
<10% yes
In the middle depends on your age and risk tolerance
>>29138914
OCR is already live for some feeds
Arb rollup everyone thought was q1, but things always take longer than anticipated. If I had to set the over/under for being able to run uniswap on arbitrum for 1/10th the gas I'd guess april
>>29138943
It is not too late to buy if you have the will to hold
>>29139058
In general buying a lump sum outperforms DCA for all assets

[Anonymous No.29139901]

>>29139578
what do you hold besides link? Please give an idea about one orthogonal investment.

[Anonymous No.29139948]

>>29139578
Thank you. So when they report data to the contract aggregator, how does it work? Do they write something on chain and the contract reads it?

[Anonymous No.29140118]

>>29139666
How about using Google when you see a term you don't understand? Projection charts for Bitcoin based on the halving cycles.

[Anonymous No.29140189]

Are the best times for me to buy from here on taps on the 100 and 200 day moving averages, and should I continue buying until $100 or even higher? 2k Linklet here.

[Anonymous No.29140318]

>>29139948
The link token is a modified ERC token with a unique property called transfer and call, basically able to carry data payload on-chain.

https://github.com/ethereum/EIPs/issues/677

[Anonymous No.29140498]

>>29130844
Are you the guy that wrote the “fortunately the world did exist before blockchain” link pasta?

[Anonymous No.29140824]

Who are LINK's competitors, and what advantages does it have over them other than first-mover?

[Anonymous No.29140981]

>>29137060
>>29138472
>>29140498
Ah, there it is. Your writing style is somewhat unique. Thanks for all the help, I’ve enjoyed your content

[Anonymous No.29140982]

>>29139890

is this infographic bullshit?

[Anonymous No.29141113]

>>29130844
>>29131505
There is literally nothing innovative behind an "oracle", if I can manipulate then the data is fucked anyway, unless you have a way to secure the source data then you're fucked. Chainlink is just adding a new layer which is unnecessary

[Anonymous No.29141200]

>>29140824
There are no competitors. Some of the smartest people in blockchain work at chainlink labs and those guys have connections everywhere else. Chainlink code is also open source (to an extent) and Sergey has said they’re likely to become the industry standard. And as far as I know, Sergey has lied yet.

[Anonymous No.29141451]

>>29139890
What's a link suicide stack?

What do you say to people that call chainlink centralized?

What are your thoughts on other oracles such as api3, band and tellor?

[Anonymous No.29141490]

>>29140318
Okay this is interesting. This functionality allows to pay and request data in the same transaction if I understand correctly? So the contract owner sends this to a node, the node gets the link, reads the call and answers with the requested data? How does the node send the data, is it in a transaction?

[Anonymous No.29141591]

>>29139901
I don't talk about other investments in these threads but I did discuss another crypto above by saying that it did something really well that chainlink probably shouldnt
>>29139948
Very oversimplified:
Standard- all nodes report and are averaged on chain
OCR- all nodes report to each other and a randomly selected node reports the average on chain with other nodes watching
Tsigs- Any number of nodes reach consensus through a cryptographically secure scheme and can write either just the price or a hash that reflects the price to chain
>>29140189
If you have a steady income and aren't overleveraged just buying every paycheck is reasonable
>>29140318
This doesn't sound like much, but how many projects do you know that have a specific token standard written for them?
>>29140498
See above
>>29140824
Any oracle network
Advantages:
First mover
Brand recognition
Recode in go so can actually handle enterprise volumes
Track record
Connections to highest value users
Monopoly on highest quality data sources
Monopoly on business product APIs
Monopoly on allowing bank/fiat payments as outputs
Best team in all of crypto
Nearly infinite warchest to buy up top talent
Firstmark wolf in sheeps clothing running the show

[Anonymous No.29141734]

>>29140982
Blockchain industry is finally seeing some real life use case compared to the bullshit that was 2018 and before. Every one on the planet produces data, and you can produce even more data from that data. You know the phrase “data is gold”? If chainlink accomplishes what it has set out to do, then that infographic is likely to be within the realm of possibility. Think about how much money the internet has produced because of https/ssl etc. Chainlink isn’t just a data feed provider, it also works as a security protocol. Based on that alone, any value that is gained by blockchain will be siphoned by chainlink. Now think about what you can do with chainlink tokens and you will have your answer.

[Anonymous No.29141901]

Should I swap my ETH with Linkies for the short term? I find it more likely for Link to reach 70$ than for ETH to reach 4000$

[Anonymous No.29141955]

>>29140982
It's a very ambitious take on what the project could do in the short term
>>29141113
It seems you don't understand the project at all
>>29141200
Yep
>>29141451
Depends on how much money you have at current
I would point them to links feeds which are supplied by independent node operators
I think they are facing a very very hard road to capture any significant portion of the oracle market

[Anonymous No.29142084]

>>29141591
Thanks very much. I finally understand what OCR means now. What's best to read to understand how it all works? The whitepaper is too outdated isn't it?

[Anonymous No.29142403]

>>29141901
If you think link will outperform eth, sure swap some of it
>>29142084
Yes,
There are a lot of people now building a reputation for explaining high level chainlink stuff to non technical people eg
https://news.reputation.link/article/off-chain-reporting

[Anonymous No.29142408]

when $1000 link>?

[Anonymous No.29142648]

>>29142403
Thanks

[Anonymous No.29143002]

I have 50k Link and would love to contribute to a liquidity pool for a return, but am utterly terrified of something horrible happening eg economy collapse, hyperinflation etc and I somehow lose my linkies. Am I being over cautious? I could afford to retire if I did it, but I'd rope if I lost it all due to some fuckup with the LP

[Anonymous No.29143228]

>>29137610
>he doesn't know what is about to happen next

[Anonymous No.29143530]

>>29143002
Regardless of what op says don’t do this. You will be rich as fuck if you simply hold, you’re already a millionaire. Don’t risk your golden ticket like that

[Anonymous No.29143792]

>>29130844
Why isn’t there a Wikipedia article for Chainlink when there is for most other cryptos?

[Anonymous No.29144173]

>>29143792
No one wants to let normies in.

[Anonymous No.29144208]

>>29143530
I think I need to hear this, actually. I've been flirting with the idea a lot lately but I think I will stay strong. It a bit annoying being a millionaire on paper but being unable to enjoy it. In 7 years i've never cashed in any crypto though, only swapped, and am now all in on Link. Hope to god we're not still here in 2 years waiting..

[Anonymous No.29144337]

>>29142648
Happy to help
>>29142408
No idea
>>29143002
I have the same concerns which is why I hold mine in cold storage
>>29143792
It hasn't been worth someone's time to write one and deal with the censors thus far

[Anonymous No.29144420]

How do I make it chainlink bro? I have just crossed 100k. I need to 10x from here

[Anonymous No.29144486]

>>29135676
It could but how would you prevent the real world courts from trying to fuck the guy even if the terms of the contract were not breached?

[Anonymous No.29144533]

>>29144208
If you decide to do this, look into insurance covers first: nexus and armor

[Anonymous No.29144943]

This is a great thread. I'm seriously late to the party but have got 680 link. I am prepared to hold for the next couple of years. Is it best to just keep dca in every month as opposed to a lump sum?

[Anonymous No.29145275]

>>29143228
neither do you retard

[Anonymous No.29145636]

>>29130844
Do you think Binance suppresses LINK price?

[Anonymous No.29145666]

>>29144943
I'll let others speak up, but the general idea (coming from stocks) is that lump sum is better than DCA - "Time in the market is better than timing the market". so, as an example, if you dump $5k into LINK right NOW, as opposed to $1k for the next 5 months, you're better off having done the former. maybe. arguably. this is all of course assuming LINK will be worth way more than $35/coin many years out

[Anonymous No.29145807]

>token not needed
>node software not found

[Anonymous No.29146159]

>>29144420
Holding sounds like a good plan
>>29144486
This is a good question
Better to just have assets that you solely control
>>29144943
As above lump sum generally beats DCA
Relax, you are still early enough that the only place to get high quality discussion on smart contracts and oracles is 4chan
>>29145636
No, since you can withdraw real link from binance
I do think that the link team is openly subsidizing the network with high link payments in order to make node operators who are paying huge eth gas fees whole
This effectively results in constant high sell pressure until node improvements like OCR, tsigs, arbitrum etc. reduce gas costs
>>29145666
Checked and agreed

[Anonymous No.29146588]

>>29145666
>
>>29146159
Thank you. Link seems such a golden project, but it is genuinely unnerving that it often seems such an outlier after 4 years or so.

[Anonymous No.29146731]

Thoughts on using LINK in DeFi? Using as collateral on Aave/Cream, linkswap, Bancor, Curve etc. recommended ways to generate yield with good risk/reward prospects?

[Anonymous No.29147163]

>>29144533
Doubt I will, desu. I wouldn't be able to enjoy the money for worry... thanks though

[Anonymous No.29147252]

>>29146731
See my questions above.

[Anonymous No.29147311]

>>29146588
Glad to be here
>>29146731
From my perspective it adds risk and reward to an already high risk asset class
That said, there are those smarter than me that do use defi loans to increase their exposure
If you choose to do it, research it deeply and know all of the possible ways you could lose your assets
Heading out for a bit, if thread is still alive in a few hours I'll start back up

[Anonymous No.29148208]

>>29130844
what's the realistic ceiling that link can hit? 10x, 100x 1000X from here?

[Anonymous No.29148232]

>>29137672
>you will eventually even be able to use coinbase
the LINK staking coinbase offered is unrelated to chainlink staking as oracle collateral

[Anonymous No.29148744]

OP this is the most based thread I've seen in a while. I'm reading up on the suggested stuff and watching some vids now. I have some Linkies but was never fully confident in the investment until now. May Sergey bless you and your family

[Anonymous No.29148980]

>>29148232
what they're saying is that coinbase will most likely offer actual on network staking options for various APIs they care about

[Anonymous No.29149228]

I’m thinking of opening a self directed Roth to invest in crypto (LINK) in. Do you have experience with that?

[Anonymous No.29149592]

>>29132596
confidentiality and scaling haven't been efficiently solved yet, DECO mixicles, arbitrum, OCR

[Anonymous No.29150001]

Should I wait until the sunday crypto dip to buy linkies? I have none.

[Anonymous No.29150306]

Old spoonfeed threads for newfags:

>>/biz/thread/15081934
>>/biz/thread/23027000
>>/biz/thread/24754246
>>/biz/thread/26210691

Bonus:
>>/biz/thread/20965698

[Anonymous No.29150413]

>>29141113
retard if your data is wrong then you pay

[Anonymous No.29151142]

>>29133135
>>29133135
>disappointing price predictions due to wide confidence intervals
Hey, i remember you. You do these threads every now and then, huh? Last one i remember was easily 6 months ago. These threads make me reminisce about the good ol linky biz days