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/biz/ - Business & Finance

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56089011 No.56089011 [Reply] [Original]

hey i am new to the whole crypto game. so i don't quiet get about chainlink is that stuff like paypal on and off ramp exists so where does chainlink and the so called oracle problem come in?

https://www.youtube.com/watch?v=kwlOsgYcOBY&t=3s

>> No.56089024

By giving Sergey money so he can buy more burrito at chipotle, then the fat dumps he take will spur price action when he flushes your money down the toilet.

>> No.56089069

the goal of chainlink is to act as a single source of truth for things like price data, weather, and other events

of course, one only needs to go outside to realize there are many sources of conflicting truth so the project is doomed

>> No.56089103

>>56089069
There may be many conflicting sources but there's only one truth

>> No.56089164

>>56089011
Buying link is like buying a can of coke and expecting Coca Cola's growth to make you rich because you hold the can of coke.

In the meantime, coca cola has millions of cans of coke (links=coca cola cans) they’re selling to the market to make money.

How does holding a can of coke (link) benefit you exactly? Answer me.

>> No.56089209

>>56089164
Kek love this basta

>> No.56089293

>>56089164
Because me and other anons hoarding millions of cans of coke and refusing to sell creates scarcity, therefore anyone thirsty enough will have to pay $10,000 if they want a coke.

>> No.56089315

>>56089011
you donate to a private company on the cayman islands by buying their token in the hope that they convince enough suckers that the price should be higher so you can cash out. the oracle problem is just marketing, you can't ensure that data from outside sources is valid, you can just build an elaborate house of cards out of incentives to fool dumb investors into buying the token to achieve the original goal, selling the token

>> No.56089624

>>56089293
>therefore anyone thirsty enough will have to pay $10,000

>$5.67

Heh, yeah man almost there

>> No.56089747

>>56089624
>lying about the price
kys

>> No.56089792

>>56089747
>$5.31

Cope

>> No.56092176

>>56089293
I don't think people will ever want a coke that badly.

>> No.56092770

>>56092176
Okay what if I hoard the cans of coke and then also throw them into an Olympic sized swimming pool. Coca Cola finds out I’m doing this and like the publicity so much they start sending me 4.5% new cans of coke as long as my old cans stay in the pool. I am not the only one doing this

>> No.56092795

>>56092770
So they keep making more cans of coke and no one's even drinking them? If you were the only one doing this you might have a chance but some of those other guys with pools full of coke are going to defect and start selling their stockpile for cheap.

>> No.56092839
File: 749 KB, 1898x1154, F5eD5445xrandomeltters9402.jpg [View same] [iqdb] [saucenao] [google]
56092839

SN=SN

>> No.56093149

>>56089024
>fud spammer sees this thread and rushes into it to post his low iq one liner in 1 minute and 13 seconds
ive seen this quite a few times during the last month, and it has probably been going on for years
they'll usually start switching ids after, so he's probably this guy >>56089164
how bad does your life have to be to become such a massive loser? did he lose everything gambling on bancor or something
do you think he actually believes that anyone sees this shit and sells?

>> No.56093165

Cool an integration with Paypal let me load up a bitcoin short real quick.

>> No.56093177

>>56092176
They will when 90% of them are locked up and there is a limited supply nigger

>> No.56093380
File: 619 KB, 1666x1175, 1693458698861470.jpg [View same] [iqdb] [saucenao] [google]
56093380

>>56093149
Yeah he did lose it all or its the loser himself pic related

>> No.56093461

>>56092795
Except theres no more cans being made in this analogy you disingenuous nigger

>> No.56093558

>>56093380
he's literally me holy fuck this is uber basedo, kiddo

>> No.56093686

>>56093461
He said he got 4.5% of NEW cans

>> No.56094893

>>56092795
Coca Cola has an unlimited supply of cans of coke. Chainlink does not. Staking will cause scarcity. I keep buying for this reason. I am not the only one doing this

>> No.56094944

>>56089011
Think of a smart contract like a vending machine.
You put the money in. It gives you something out.
Chainlink’s role is to make sure the money that’s being put in is authentic.
Without it, people are just going to infinitely scam your system.

>> No.56095225

>>56089164
Coca cola sells cans of soda as the product. With Chainlink, link tokens are not the product. The product is data. There's no good analog with any aspect of a drink company regarding the tokens.

>> No.56095238

>>56089011
Think of chainlink like a JSON parser. The token is not needed.

>> No.56096138
File: 139 KB, 879x487, 1694621016766.jpg [View same] [iqdb] [saucenao] [google]
56096138

Its a scam thats only shilled on /biz/ because of a cult of bagholders who are currently down -90%