oracles to unlock $487 TRILLION

[Anonymous No.54624811]

is this why BTC dumped?

[Anonymous No.54624869]

>>54624811
Certainly

[Anonymous No.54624878]

>>54624811
lmao

[Anonymous No.54624891]

>can't even get to $500 trillion
big oof

[Anonymous No.54624913]

>>54624811
Checked. Thanks Forbes.

[Anonymous No.54624922]

>>54624811
thats over 1 million dollars in 2023 money

[Anonymous No.54624941]

is this a photoshop or is forbes taking the piss?
??? how many times the entire world's economy?

[Anonymous No.54624962]

>>54624941
naw it's legit, found the article.
I guess forbes is just really retarded.

[Anonymous No.54624973]

>>54624941
>>54624962
Assets =/= annual GDP

As a comparison: a man can make 100k per year, but own 1 million in assets.

[Anonymous No.54624985]

>>54624811
>is this why BTC dumped?

Stick with fiat and Reddit retard. This sphere is beyond your IQ level.

[Anonymous No.54624990]

>>54624941
derivatives and other stupid hyperinflated shit have like 1 quadrillion dollars of "value"

[Anonymous No.54624993]

>>54624811
>>54624811

Today OP was only half gay because he didn't post the link.

No shit I thought this was a photoshop at first.

>Chainlink mentions: 2

[Anonymous No.54624997]

>>54624811
That's ok. RDX can handle 400 trillion so that seems bullish. It's already 2x. Seems like a good buy.

[Anonymous No.54625006]

>>54624993

>>54624993

https://www.forbes.com/sites/digital-assets/article/why-do-blockchains-need-oracles/?sh=5584e8207569

[Anonymous No.54625010]

https://www.forbes.com/sites/digital-assets/article/why-do-blockchains-need-oracles/?sh=5106cbad7569

Cryptocurrency's total market capitalization hovers around $1 trillion, however, according to McKinsey, the global financial system transacted over $5.76 trillion in a single year and is worth upwards of $487 trillion. The US residential real estate industry is estimated to be worth $43.4 trillion according to Zillow, and the U.S. healthcare system is estimated to be worth $4.1 trillion according to the Center for Medicare and Medicaid.

These figures highlight the size of the value that is available off-chain and demonstrates the importance of a bridge between centralized and decentralized systems. In order for these systems to access the power of smart contracts, they need decentralized oracles to ensure secure and immutable data on the blockchain to expand its real-world use cases.

[Anonymous No.54625024]

>>54624811
The value of flare. Stay seething linkies.

[Anonymous No.54625030]

>>54624997
XRD*

[Anonymous No.54625032]

>>54625024

Chainlink is mentioned twice in the article though.

[Anonymous No.54625063]

>>54624941
the clearing house for NYSE is 4 quadrillion no?

[Anonymous No.54625061]

>>54625032
Codius has no competition, when you realize this it will be too late. When you realize vitalek was given codius almost a decade ago you will probably shit yourself. When you realize eth is a beta test it will be game over. Enjoy.

[Anonymous No.54625092]

Oh so Chainlink is out. How bad is the centralization now? 7 keys controlling the whole thing and Sergey could rug it all tomorrow? No thank you.

[Anonymous No.54625126]

>>54625092
The 7 keys are for the contracts, not the network.
If you don't like the contract operator, operate your own.
Also, if the nodes report the correct values then that's on-chain.

[Anonymous No.54625130]

>>54624811
Imagine what institutional Subnets can do with those 487 Trillion bucks.
We are early AVAX bros.

[Anonymous No.54625138]

>>54625061

[Anonymous No.54625143]

>>54625130
All kinds of blockchains can do all kinds of things with that money, blockchain as a tech has been thoroughly proven at this point.
The problem is getting the data on-chain.

[Anonymous No.54625163]

>>54625126

He's just being a fag. He knows what he is doing and the article itself actually then segways into the solution as decentralized oracles with Chainlink name verbatim as the solution.

[Anonymous No.54625167]

>>54625006
>/sites/
Chainshitters are getting desperate lmao

[Anonymous No.54625192]

>>54625143
Yessir, but:
>https://medium.com/avalancheavax/financial-institutions-join-avalanche-evergreen-subnet-spruce-to-drive-on-chain-finance-99686b715a55

Imagine Chainlink + Avalanche together bringing all that money on-chain and doing tailored subnets for the need of those institutions. That's a hell of an upgrade for the whole eco.

[Anonymous No.54625196]

>>54625167

I literally just posted the Forbes article link what are you so ass hurt?

[Anonymous No.54625211]

you do realise binance invested $200 mil last year into Forbes right? of course they're gonna write articles like this about crypto

[Anonymous No.54625218]

>>54625167
This was an actual Forbest staff writer, on the forbes dot com website.
Not a 'contributor' or anything like that.

[Anonymous No.54625226]

>>54625192
Be gone turkroach shill

[Anonymous No.54625239]

>>54625167
They must be coping hard realizing they own a glorified json parser.

[Anonymous No.54625265]

>>54625226
Pretty sure the ceo of avax is the one posting the “i have avax nigger” threads on here. Plenty of evidence of him acting crazy and unprofessionally besides that

[Anonymous No.54625276]

>>54624811
Extremely generous of Chainlink Labs to enable so much value for third-party banking institutions and VCs manipulating the markets while not only not capturing any of it for itself but also for letting its bagholders subsidize all of it at a loss and against their own interests. It's essentially like a man letting all of his neighbors take sexual advantage of his wife while himself keeping his penis locked in a cage and being insulted and humiliated for his offering. Just 2 more weeks guys.

[Anonymous No.54625285]

>>54624811
is he talking about chainlank?

[Anonymous No.54625288]

we got character
we got pride
and that's something that money can't buy

[Anonymous No.54625301]

>>54625285
Yes. Chainlink is the only oracle mentioned by name in the article. Which is as it should be, considering the adoption and success rates of Chainlink's "competitors".

[Anonymous No.54625302]

>>54625063
that still doesn't make any sense.
from the article
>Cryptocurrency's total market capitalization hovers around $1 trillion, however, according to McKinsey, the global financial system transacted over $5.76 trillion in a single year and is worth upwards of $487 trillion
???
so forbes is saying chainlink will pivot the global financial system, in it's entirety, to crypto.

[Anonymous No.54625340]

>>54625302
>forbes is saying chainlink will pivot the global financial system, in it's entirety, to crypto
Not "Chainlink" per se, but blockchain with oracles as the key to external data.
Blockchain is infinitely more secure than the current Cobol backends the banks use.
Chainlink is merely the only relevant oracle in existence at this time.

>>54625276
>muh value capture!
Explain Bitcoin's value capture.

[Anonymous No.54625347]

>>54625302
>so forbes is saying chainlink will pivot the global financial system, in it's entirety, to crypto.

Yes its about what we have been saying here for about 6 years. Oracle networks and token will capture the most value in facilitating the digital tokenization of real world assets.

[Anonymous No.54625379]

>>54625340
Codius is better, hilarious that it has been around longer too. Lmao

[Anonymous No.54625409]

>>54625379
>Codius is better
Than what?

[Anonymous No.54625428]

so that's why that whale just market bought 290K LINK huh

[Anonymous No.54625454]

>>54625126
>>54625163
I implore you to consult Chris Blec's twitter posts on the matter

[Anonymous No.54625458]

>>54624811
-> >>54625437

[Anonymous No.54625479]

>>54625454
My post debunks Chris Blec's entire argument.

also
>Chris Blec
lol

[Anonymous No.54625580]

>>54625032
so what? Here's a 2019 Forbes chainlink article: https://www.forbes.com/sites/darrynpollock/2019/07/30/oracle-building-a-virtuous-cycle-of-innovation-with-start-ups-through-chainlink-and-blockchain/?sh=247e241d4ffc

There were some more about Google and Link.

What's your point though? NONE of this shit increases price.

[Anonymous No.54625631]

>>54625580
>mentions a 2019 article
>claims it didn't increase the price

I guess you weren't here in 2019 lol
Also, that was "just a contributor", as fuddies back in 2019 mentioned a hundred times a day.

[Anonymous No.54625702]

>>54625631

Its like everyone forgets the price went from $0.09 to $54 from the absolute low to the peak high so far kek

[Anonymous No.54625729]

>>54625302
>so forbes is saying chainlink will pivot the global financial system, in it's entirety, to crypto.
Yes.

[Anonymous No.54625773]

>>54625631
I was absolutely here then. There was an article about Google. Can't remember how high it pumped but the big pump wasn't til '20.

I'm not familiar with a regular Forbes article versus a "contributor", but I just checked Link price (all that matters) and this article has done shit.

[Anonymous No.54625784]

>>54625702
No one forgets. Most memorable alts get the one time big pump. What's your point?

[Anonymous No.54625806]

>>54625773
>the big pump
Put the goalposts back where you found them please.

>I just checked Link price (all that matters) and this article has done shit
Bitcoin just crashed through key resistance, anon.

[Anonymous No.54625811]

>>54625302
>so forbes is saying chainlink will pivot the global financial system, in it's entirety, to crypto.
That’s exactly what they’re saying, yes.

[Anonymous No.54625844]

>>54625784

An alt can reclaim new ATHs in its USD valuation but they rarely do so in BTC pairings. We had a massive cycle correction nearly everything is down as much as LINK. We will now see which projects are vaporware and which have utility in the year to come.

I have a massive bet that LINK will in fact reclaim and reach new ATHs.

[Anonymous No.54625897]

>>54625844
We'll see. I'm still holding my position but my hopes are basically gone. I've never seen a "utility alt" recapture value against BTC. Hell the only coin I've seen come back like that was Doge.

[Anonymous No.54625929]

>>54625302
The other way to look at it is: the global financial system cannot pivot to crypto without chainlink

[Anonymous No.54625932]

>>54625806
yeah I know all the excuses. The global conspiracy amongst the world elite to crash a 20th ranked altcoin because of a Forbes article. Definitely checks out.

I'm just trying to make some money here, not get caught up with a cult. It's all so tiresome.

[Anonymous No.54625945]

>>54625929
Chainlink's technology you mean. I'm not a genius but all I see is it keeps getting used more and more, yet the token does shit.

[Anonymous No.54625958]

>>54625932
>The global conspiracy
Didn't say anything about a conspiracy, I literally pointed out a dry and objective fact.

[Anonymous No.54626081]

>>54625340
>>54625347
>>54625729
>>54625811
>>54625929
LINK is undervalued etc etc.
but forbes saying the entire financial system will be tokenized and that's how they came up with the absurd $487 Trillion, on the dot figure.
like come on guys, *a little bit* retarded?
like it's like a high schooler wrote this article.
it also doesn't say when, just 'the entire financial system'.
I mean, the quote even starts with them saying LINK + all other cryptocurrency combined is currently worth $1 Trillion, and sometime later, LINK is going to unlock so much value the entire financial system is underneath LINK or something.
I'm not sure if I'm missing something, but this sounds off the wall retarded.

[Anonymous No.54626133]

>>54626081
>the absurd $487 Trillion, on the dot figure
The tweet says "approximately". Not on the dot at all.

>it also doesn't say when
You're a retard.

[Anonymous No.54626423]

>>54626081
>"you've just described a whole new industrial system that's not very well understood outside of this room"

[Anonymous No.54626436]

>>54626081
>LINK is going to unlock so much value the entire financial system is underneath LINK
Replace ‘underneath’ with ‘powered by’.
No idea what you mean by underneath, or where you got that from.

[Anonymous No.54626468]

>>54625945
is this bait

[Anonymous No.54626547]

>>54625932
There is plenty of evidence showing BTC dumps as a result of link going up against the market.

[Anonymous No.54626687]

>>54624811
Forbes! this is a big deal !

[Anonymous No.54626834]

>>54625061
Is this written by a bot?

[Anonymous No.54626872]

excuse me faggots
when the FUCK is chainlink going to moon I am sick of fucking waging

[Anonymous No.54626894]

>>54626872
trust the plan bro, we're literally 2 more staking releases, 4 more PoCs with SWIFT, 10 more blogposts, 15 more Sergey fireside chats, and only 20 more integrations with crypto vaporware away from finally mooning in about only 2 more weeks!

[Anonymous No.54626900]

>>54626894
That’s not bad for turning 8 usd to 80k usd

[Anonymous No.54626997]

>>54624811
Does 487 trillion dollars worth of assets even exist on this planet Earth

[Anonymous No.54627368]

>>54626997
Yes.

[Anonymous No.54627720]

>>54624941
do you seriously think you need photoshop to fake shit like this?

[Anonymous No.54627917]

>>54626133
>>54626423
>>54626436
>>54626436
sure, 'powered by' is fine.
the point being, it's a lazy article saying essentially all other crypto is irrelevant.
as in chainlink takes 100% of the marketshare of global finance.
while at the same time, forbes just created their 'fortune 40' for crypto.

[Anonymous No.54627986]

>>54627917
>saying essentially all other crypto is irrelevant
That's not at all what it says.
The whole point of oracles is simply to allow external data to be placed on the blockchain.
That means blockchain is the future of finance, but this future will require oracles.

You're well and truly a very dumb person.

[Anonymous No.54628062]

>>54625130
We are indeed early to the AVAX ecosystem

[Anonymous No.54628131]

>>54627986
>redditor
>15 posts
>arrogrant enough to think other people don't understand what an oracle does
>calls you dumb
maybe you should just read the article faggot.
actually, better yet, just go back.

[Anonymous No.54628507]

>>54625130
I hope that similar budgets will eventually be allocated to institutional subnets. The beginning of the real bull.

[Anonymous No.54628565]

>>54625163
1000$ link when?

[Anonymous No.54628630]

>>54625032
Chainlink being mentioned is bearish. It is the subversion by Jews to get dumb retail to ape into a project that will rug. XRP is and has always been the real deal that will rise to the top and monopolize everything making all other crypto irrelevant and go to zero.

[Anonymous No.54628720]

>>54624811
>$487 TRILLION
Bullish for XRP

[Anonymous No.54629142]

>>54625130
Based. We are fucking early. Big bull waits for all of us.

[Anonymous No.54629147]

>>54627917
In a couple decades, banking went from entirely manual to almost entirely computerized, and they used the Internet to communicate. There's a lot of ways to communicate, especially when you have billions of dollars. They could have made their own goddamn internet, used all their own tech. But they use TCP/IP and the rest of it. The reason being that although the tech became business critical, the tech itself was not their business. In just going with the first, biggest open standard, they ensured the rising tide of a flourishing ecosystem would forever lift them up.
Yes, banks will pretty much all just use Chainlink. Using anything else is like using CompuServe. Using nothing is like keeping your business on pen and paper.

[Anonymous No.54629229]

>>54629147
if forbes really thinks the entire world is going to be running on LINK, why would they produce a 'fortune 40' list for crypto?
you would only need a 'fortune 1'.

[Anonymous No.54629555]

>>54624811
>487 trillion
>1% cl pump

[Anonymous No.54629628]

>bullish forbes article about oracles
is that a link sell signal?

[Anonymous No.54630686]

>>54625130
Can someone explain to me what the subnets are about?

[Anonymous No.54631915]

>>54624811
When? When? When? When?
>When?

[Anonymous No.54631936]

>>54624811
Just be patient, and ready, altseason is almost here with all of its glory

https://twitter.com/AltcoinistDAO/status/1648033820627673088?s=20

[Anonymous No.54632005]

>>54625063
I beg your fucking pardon cunt HAHAHAHAHAHAHAHA

[Anonymous No.54632006]

>>54629229
Mainstream media shilling is always worrisome. Imagine if Jim Cramer started shilling Chainlink.

[Anonymous No.54632162]

>>54624941
The net worth of the us assets - debts is 130 trillion.

[Anonymous No.54632711]

>>54624811
>Unlocks $487 trillion in value
$12.65

[Anonymous No.54632824]

>>54626547
So your investment strategy is buying something that literally cant go up because of manipulation by the world elite? So you know it cant go up, and youre in a cult over it? Wtf

[Anonymous No.54632853]

>>54629147
Who made money off TCPIP? Did someone have to pay a group of investors to use the tech?

[Anonymous No.54632872]

>9000 gorillions might appear out of thin air
same hopium every day

[Anonymous No.54632881]

>banks use computers to create fake balance sheets through fractional reserve lending
>banks protect each others' fake balance sheets by being trusted counter parties
>pretty soon fractional reserve becomes zero reserves
>get zero reserves required for banks passed as law
>central bank tries to cover the fake balance sheets by printing more fiat
>control the cycling of fiat by adjusting the inflation rate and hoping for the best
the fractional reserve system begins to unravel
>quick! invent a new way to pretend our zero reserve funny balance sheets are actually real
>cryptographically assured by the holy Talmud goy you can trust our balance sheets :^)
>Our reserves are now in cryptographically defined assets anon they are completely and utterly real
the blockchain cannot tell the difference between unbacked value vs real value
>the banks have no idea what's real and what's not anymore
>they just look at the fake numbers in the machine
>port the whole mess over to crypto
>numbers go up
>everyone involved is happy
>banks continue their zero reserve scams
>use crypto as a smoke screen
>only tech nerds complain but no one else listens
>most people made so much money they don't care anymore
>banks and crypto scammers seamlessly work together to defraud the public
Problem solved?

[Anonymous No.54632984]

Ive been reading about TCP/IP more and more. One of the founders, Vint Cerf is literally still waging at Google into his late 70s.

His estimated net worth is $5-10m so clearly he did not profit off inventing tcpip. So why do Linkies compare their situation and expect riches? Wont the government just take what theyve done/control the tech like they did w TCPIP?

[Anonymous No.54633170]

>>54632984
Are you fucking retarded? Does TCP/IP have a token or is it privately owned/ public company?

[Anonymous No.54633404]

>>54633170
kek

[Anonymous No.54634552]

>>54632853
Did you really just ask if anyone made money off the Internet?
btw your Comcast bill is due. Pay up.

[Anonymous No.54634750]

>>54629147
>>54634552
based

[Anonymous No.54635201]

>>54627917
>the article is lazy because it tells the truth I don't want to admit

[Anonymous No.54635223]

>>54629229
there will obviously be hundreds of other crypt0s that are 100% essential for the running of extremely successful blockchain-based MMOs, decentralized storage, compute, etc.

[Anonymous No.54636152]

>>54628131
The article:
>the entire global financial system will operate on the blockchain thanks to oracles like Chainlink

you:
>HURRRR why is the article saying Chainlink makes all other crypto irrelevant???

Yeah nah, you're just really dumb.

[Anonymous No.54636476]

>>54625163
>segway
Segue, my nigga

[Anonymous No.54636507]

>>54636476
>Segue

Yes, my mistake. Either way the point in that post is accurate.

[Anonymous No.54636783]

>>54624941
You know how many times the world economy the annual value of the world's debt market it is?
With an economy built on the fact that you can just make numbers up - just print money by giving a loan even if you dont have it - print money to buy debt that doesn't exist physically: the derivative market alone is worth 10 times world annual GDP. These numbers mean nothing. If it can be sold or bought, Chainlink can make it more efficient. You really don't know what this is capable of.

[Anonymous No.54636810]

>>54633170
your post would be relevant if the token was needed
i don't need link tokens to read chainlink price feeds in solidity on eth, i need eth to pay for gas

[Anonymous No.54636832]

>>54636810
>i don't need link tokens to read chainlink price feeds
Then why are devs crying about being "blackmailed" into having to pay more for the feeds?

[Anonymous No.54636842]

>>54624811
They are literally spoon feeding now

[Anonymous No.54636848]

>>54636832
i don't give a shit about your red herring
i can literally use eth/usd price feed without ever having a single link involved in my dapp

[Anonymous No.54636863]

>>54636848
>I don't know pls stop bullying me!
you love to see it

[Anonymous No.54636864]

>>54632984
Are you retarded? This is literal 2018 FUD thats been answered 10000 times

Hit the warosu bro

[Anonymous No.54636915]

so is this why link is pumping? no volume too lmao, probably a p&d so buckle up

[Anonymous No.54636937]

>>54636863
>i'm gaslighting them so i can avoid addressing my cognitive dissonance about price feeds

[Anonymous No.54636962]

>>54636937
Why would even smaller projects like Ohm be crying about being "blackmailed" if they can just use Chainlink for free, anon?
It doesn't make sense.

And even if all Chainlink feeds were actually free, they still use the token.

[Anonymous No.54636980]

>>54636962
anyone using vrf or keepers has to pay in link
anyone using price feeds like eth/usd don't have to pay in link and there's literally nothing chainlink labs or node operators of those price feed DONs can do to make anyone pay, unless they completely re-design how the price feeds work

[Anonymous No.54637002]

>>54625454
the reason I love 4chan is because you don't have to deal with
>but <insert unknown name> said it so it must be true!!

If you know why it's wrong then make your argument.
Namedropping just proves you don't know shit.

[Anonymous No.54637014]

>>54636980
Pay up

[Anonymous No.54637021]

>>54636980
>anyone using vrf or keepers has to pay in link
The price for those did not change, only the feed prices changed.

>literally nothing chainlink labs or node operators of those price feed DONs can do to make anyone pay, unless they completely re-design how the price feeds work
Or they always worked differently from how you imagine, because you're a nobody who isn't involved in anything relevant here.

[Anonymous No.54637047]

>>54636915
>no volume too
You may want to actually verify that lol

[Anonymous No.54637354]

>>54637021
keeping firing ad hominems, you can see in the chainlink docs that consuming price feeds don't need link payments

https://docs.chain.link/data-feeds/using-data-feeds/#examine-the-sample-contract

https://remix.ethereum.org/#url=https://docs.chain.link/samples/PriceFeeds/PriceConsumerV3.sol&lang=en&optimize=false&runs=200&evmVersion=null&version=soljson-v0.8.18+commit.87f61d96.js

[Anonymous No.54637397]

>>54637354
>you can see in the chainlink docs that consuming price feeds don't need link payments
1) even when completely free, those feeds absolutely need Link payments, the nodes literally cannot work without the token
2) even minor projects like Ohm are having to pay up, so apparently there's something you're not aware of; which makes sense because you're not actually involved in anything relevant here

[Anonymous No.54639358]

>>54637354
>token not sneeded in current year

[Anonymous No.54640382]

>>54636810
> ETH will be the most used chain 10 years after CCIP is released
lol you are clearly so unaware
.t knower

[Anonymous No.54640478]

>>54626834
No, bots nowadays are smart.

[Anonymous No.54640488]

>>54640382
the point obviously is that you pay whatever is gas equivalent on the chain that you're on

[Anonymous No.54640556]

>>54625702
the price was never 0.09. not even on ICO. ICO price was 0.11 and the moment it hit exchanges the absolute lowest its ever been was 0.15

[Anonymous No.54640611]

>>54640556
It litrally dropped to $0.01 on binance in a scam wick 2020.

[Anonymous No.54640621]

>>54640611
that's not a real price, not even bots bought that because it was a single market order that was cancelled as soon as there were 0 buy orders

[Anonymous No.54640648]

>>54640621
Au contraire, a guy on /biz/ said he bought 1000 LINK on that dip.

[Anonymous No.54640658]

>>54640556
>the price was never 0.09. not even on ICO
iirc it was $0.09 at presale, before the public sale.