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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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57579194 No.57579194 [Reply] [Original]

it has begun!

(vircle started moving usdc crosschain using ccip on mainnet)

>> No.57579199

circle*

>> No.57579204

>>57579194
Noice.

>> No.57579208

>>57579194
tell us more anon

>> No.57579214

>>57579194
OOOOOO we are MOOONING MARINES! The switch has been flipped!

>> No.57579228
File: 454 KB, 1498x997, Sergey Montana.jpg [View same] [iqdb] [saucenao] [google]
57579228

Lets see

>> No.57579236

Except the chart
...Zoom out

>> No.57579265

>>57579194
does the ccip fee mean that 0.135 linkies got burnt aka out of circulation 4ever?

>> No.57579269

No sane person would use CCIP and introduce additional trust assumptions when CCTP exists.

>> No.57579315

>>57579194
>>57579199
>>57579204
>>57579208
>>57579214
>>57579228
>>57579236
>>57579265
>>57579269
Check revenue.

>> No.57579325

holy SHIT 400K REVENUE TODAY LETSFUCKING GOOO AHAHAHAHA

>> No.57579351

>>57579315
>Check revenue.
idk how
>>57579325
>holy SHIT 400K REVENUE TODAY LETSFUCKING GOOO AHAHAHAHA
is that good or bad?

>> No.57579361

>>57579269
CCTP has Circle pushing the buttons. It's literally centralized.

>> No.57579366

>>57579315
Very noice

>> No.57579369
File: 19 KB, 363x363, 64e2d19c69bc939214845281_savi.jpg [View same] [iqdb] [saucenao] [google]
57579369

NO SIRS, DO NOT DO IT! NO REDEMPTION, PLEASE!

>> No.57579385

>>57579194
42 was a better tripfag than you

>> No.57579402

>>57579208
Token is needed

>> No.57579403

>>57579385
42 is a faggot, i make memes, alot of memes

>> No.57579409

>>57579325
HOLY SHIT 1 MILLION REVENUE LFG MARINESSS
OK;LG WAGMI lYKYK 81K 2026

>> No.57579458

>>57579194
What does this mean?

>> No.57579477

>>57579403
all true and it doesn't change what I said.

>> No.57579482

Popo is oldschool as fuck, respect

>> No.57579565

>>57579361
CCIP uses CCTP, you're just adding another trust assumption (Chainlink and its DONs).

>> No.57579583

>>57579565
>CCIP uses CCTP
lmao no, CCIP is integrated into CCTP making it more streamlined.

Whether you're using CCTP alone, or CCTP with the CCIP integration, ultimately the data that triggers the burn always comes from Circle's own centralized API.

>> No.57579595

>>57579194
Nobody cares about your glorified bridge

>> No.57579702

>>57579595
its not glorified, its the only bridge that matters

>> No.57581264
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57581264

>>57579315
>>57579325
>>57579409
fuk u guys for making me check

>> No.57581360

>>57581264
is this a joke? 4k daily revenue?
ccip was supposed to be the rocket ship along with staking 1.0, wtf bros?

>> No.57581602

>>57579595
no cares about you.

>> No.57581637

>>57579361
I was trust Circle over Chainlink. And both are centralized.

>> No.57581770

>>57581637
ESL. Opinion rejected.

>> No.57581838

>>57579194
Wait what? When did ccip hit mainnet? No announcement? I come here every day and no one talks about ccip release

>> No.57581859
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57581859

>>57579194
literally who?

>> No.57581873

>>57581360
t. Savindu

>> No.57581899

>>57581360
It’s from 2023 god there are so many retards here posting mis info.

>> No.57582385

>>57581899
Are you a real person? What the fuck is with this site? I swear I'm going insane visiting biz. Are you being serious? Go look it up yourself you fucking halfwit stupid cunt. Then says others spread misinfo. Kys.

>> No.57582436

based lpl chuddie kiddos how you doing based kiddos chuddie pools closed

>> No.57582517

>>57581360
Trust the plan. Patriots are in control

>> No.57582538

>>57581873
Kek

>> No.57582695

https://ccip.chain.link/ and look at last 5 transactions from the last couple of minutes.
See the transaction costs add up to around 8 link.
go back a few minutes later and can see a whole new bunch of transactions. more link used.

using very small date, back of the napkin math tells me it is probably doing around $20,000 a day.

dune dashboard has clearly not been working for a while, if it ever was (have no idea about that) .

>> No.57582763

>>57582695
those are testnet

>> No.57582764

https://www.theblock.co/post/272827/chainlink-circle-cctp-usdc

>> No.57582827

is this just the team sending money back and forth to each other? I clicked on a few of these and they all say testnet. What have they been doing for the last 7 years

>> No.57582862

>>57579265
No it means it gets paid to the node operators who then dump that link for usd

>> No.57582880

>>57579269
CCTP integrated CCIP my boi. You don't have a choice.

https://docs.chain.link/ccip/tutorials/usdc

>> No.57582882

>>57582827
>What have they been doing for the last 7 years
Testing lmao

>> No.57582893

>>57582862
>who then dump that link for usd
doubt it but ok

>> No.57582974

>>57582893
From an article a little while back:

>It should be noted that even though the assets will be auto-converted into LINK, this may not significantly impact the price of LINK in the short term as Chainlink plans to release 7% of non-circulating supply into the market over the coming quarters. This was primarily led to support users & node operators from dramatically elevated LINK volatility & prices as new changes to the staking mechanics are set to introduce an 80% increase in its pool cap that will account for 8% of circulating supply.

>Moreover, if the price of LINK were to increase, and thereby increase gas costs, CCIP users would be expected to drive an increase in buy-side pressure. However, should it continue to increase, it can be expected that node operators receiving LINK incentives will bring about supply pressure as they realise their service fees into other assets.


My takeaway is basically in order for everything to run as intended, the team will manipulate their dumps to continue suppressing pumps. This would also give new entities (if they're actually coming) more time to buy the coin at a lower price.

>> No.57582994

>>57582974
I'm not reading all that but what I mean is that no one is going to sell link for USD not that it was a note payment instead of link being burnt

>> No.57583036
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57583036

what the fuck?? a chainlink just flew over my house!!