Chainlink roundup 26th August

Someone is clearly trying to push all the important Link knowledge off this board by making multiple low-quality Link threads.

So here I will compile all the important information that we have today. This is what you need to know!

1. Aggregation has been renamed Service Agreement in Pivotal. Team are now working on Aggregation. Mainnet may come sooner than expected!
pivotaltracker.com/n/projects/2129823/stories/158585548

2. We have an irrefutable argument that the marketcap of Chainlink has to be equal to or greater than the amount of collateral needed across the entire network. There is an infinite amount of collateral available because token price can rise to meet it. We have a valuation of $820 presented for certain assumptions, say 100%, 10% or 1% of the value of the smart contracts created. Pic related.

3. Related to this, we have instant LINK to USD conversion via FiatRelay, in development by Capgemini. This was posted by BartCant who has connections to Chainlink. Check his Twitter followers, and he works for Capgemini and IBM.
This means that banks can receive collateral in USD immediately after the LINK token transfers and they can pay node operators in LINK via FiatRelay. If you. ever thought that banks don't wanna hold meme tokens, this is the solution. Bullish A.
github.com/bartcant/FiatRelay

4. We have Ari Paul discussing LINK at 31:00 in this video.
youtu.be/-_juvx2_ei4

5. LuckyBrand won't be making any more Sergey shirts :(
twitter.com/LuckyBrand/status/1033756311551401984

Keep this thread bumped. They don't want you to know this important information so they're spamming shit threads.

Attached: 820.png (756x1012, 135K)

Other urls found in this thread:

liberationnews.org/john-mccain-war-criminal-not-war-hero/
youtube.com/watch?v=o1o5o2m6Stg&t=1s
amazon.com/Lucky-Brand-Regular-Plaid-X-Large/dp/B079MDPQVW/ref=cm_cr_arp_d_product_top?ie=UTF8
youtube.com/watch?v=cXt_agn7HKI
twitter.com/SFWRedditGifs

Bamp

Attached: DdFlYFvVMAEmHlV.png (750x738, 864K)

you forgot a larper said tomorrow or tuesday something will be announced, which is probably the most important info of today.

There is clearly a group of organized Fud going on, trying to buy in low. It's clear that the potential for Chainlink mooning is getting higher and higher, yet some people are late for the party and are too poor to buy Link at the current price.
We should therefore just ignore the blant Fud threads, that seems to be the best way to destroy them.
Thx btw for the insightfull post. We need more people like you.

Attached: 1533661808195.jpg (1920x1080, 465K)

Why would anyone spam Link threads like this?

I don't understand the point.

Attached: 1534201619682.jpg (1800x1561, 670K)

Don't forget september 15th the puzzle larper said that his puzzle would be answered on that date.

YOU HAVE TO GO BACK

Attached: goback.jpg (717x880, 141K)

upvote

I doubt he was legit, but we'll see. Remember something is happening by Sept. 15 though

nah he was very confident. he said tomorrow or tuesday morning. very specific.

This is so stupid.
This board doesn't belong to you. Stop ruining it for us.

link thread please!

They're never legit.

I'm not the one making the spam threads. Mods will hopefully ban them. Report them. Then go cry to your mommy because we are ruining everything wah wah waahhh!!!

Please delete this. Also how do I know wtf is real on here. FUD is people accumulating but what if the Shills are discord group as well.

...

yay reddit

I did one for the lulz

The shirt meme is insane. Even Steve Jobs couldn't stop the production of all black turtlenecks. $2500eoy

Did it look like I quoted you? Because I'm sure I didn't quote or read your shitpost

Slide important posts off the main page so people don't see them

Guys I just thought how surreal it will be when Link finally moons, I wonder how will we feel, like geniuses or will it feel like it was obvious from the beginning?

Attached: 1510887892408.png (842x960, 399K)

Also to add to point 3, if banks want instant conversion of collateral to fiat, there needs to be a highly liquid market for it, which means the market cap needs to be really high.

If a token price is very high, wouldn't that be a turn off for banks?

No. High price doesn't mean high costs for using the network.

Why would it be?

Great

How the fuck is anyone supposed to know where your "you" is directed if you don't quote anyone, fucking retard. My post is the most quality link post all day mate.

>Why would it be?
Well, I would imagine buying something that is worth 3 dollars is more enticing than something worth 300.

boomer detected

...Then why would the token price be high in the first place? Who is going to buy in at high prices to push it up?

Did you even read the above post from OP?

Total marketcap needs to equal total collateral demanded by smart contract creators (which is like insurance for them)

thanks user
take a trip and do this every day
make a wallet and post address at the bottom of the post

i bet if you did this every day for a week and were consistent people would throw you linkies or eth

I see...this all seems too good to be true.

Collateral will have to equal the value of the contract divided by the number of oracles, otherwise what’s the point. Think about it. If you were able to insure the contract at full price, why would you settle for a fraction? Penalties (divided) will always equal contract value. Screencap this.

a general link thought:
assume you're a swift member bank or intel or msft
you have 10mm to 100mm link OTC from the start

then the network launches
and you want to back your data or api access with a couple hundred million worth of collateral so that you are the default provider for your region etc.
wouldn't you have every incentive to buy up as much cheap circulating link knowing that it both helps you protect your future revenue stream and increases the book value of your link holdings which you got for 14c?

zoomer detected

also- use a readily identifiable picture so that your thread could be found easily in the catalog

liberationnews.org/john-mccain-war-criminal-not-war-hero/

If they already have so much of it, they would likely hedge risk by not going all in. Also, for them to profit they need a robust network of other data providers that will need link too. 100 million is 10% of the network. That is plenty. If they had too much, then it wouldn't be decentralized.

Instant crypto-fiat conversion is explained in OP

Not true, in almost no instance would collateral be set at 100% of the notional value of the transaction, even split across multiple nodes

OK I'll do it for now. Quality LINK posts are few and far between!

Attached: FullMoon2010.jpg (2580x2452, 2.04M)

Godspeed stinky
youtube.com/watch?v=o1o5o2m6Stg&t=1s

Attached: 988.jpg (1020x1020, 744K)

Oh and here is my LINK binance address.

0x096bb0b9878884cbf9114c1cca1829ff593c531f

You’ll see. Like I said, screencap it.

Thx marine

Well we don't know that for sure. Making collateral 100% of the smart contract would mean absolutely no risk at all for the smart contract creator.

100% isn't needed for a high value token, though. It all depends on the total value of all smart contracts. Even 5% of 80 trillion is a lot.

I want to add everyone should be on the Salesforce and Docusign earning report calls to listen to their forward guidance. See what they plan on focusing on in the coming quarters.

Salesforce: 29AUG
Docusign: 5SEP

No it won’t happen, for a couple of reasons:
1. Node operators would never accept the risk. You think node operators are going to collectively put up 100m in collateral to cover a bond? Even split 10 ways that’s 10m each locked up for who knows how long. Not gonna happen.
2. If in some buzzard world the node operators did agree to put up 100% collateral, the fees they would charge to provide the data would be extortionate making it unviable for the bond issuer to pay. Why would you issue a 100m floating rate bond, and then have to pay 5m - 10m in node fees on top of the interest cost you have to pay the bond holders? Again, not gonna happen.

*bizzaro world, not buzzard world

100% never will happen. The node operators would never accept such contracts, they would be stupid to do so since they take on all the risk. The node fees would have to be massive to compensate them for taking on all the risk, but the smart contract owner would never pay such high costs

@ChainLINKfan
Aug 24
More
@LuckyBrand when will you be getting these shirts back in stock, please? amazon.com/Lucky-Brand-Regular-Plaid-X-Large/dp/B079MDPQVW/ref=cm_cr_arp_d_product_top?ie=UTF8 …
So this is what weaponized autism looks like

>Market cap of LINK must be greater than collateral
>Collateral is infinite because potential price of LINK is infinite
This is some straight up circular logic.

This board is completely garbage now with the infestation of you retarded stinky linkies.

Seriously, you are all too stupid to realize whales bought at ICO and dumped on you idiots. You stupid fucking FAGGOTS think this little team of 2 is going to solve MUH oracle problem.

You are literally flies all circle shit. This isn't even bait. This is the 100% truth. I have all of you filtered, but if you hold link right now, just know that you are 100% unequivocally retarded. Seriously.

Just go on a discord and circlejerk each other already you disgusting subhuman filth.

Save your breath user, you're praying at the wrong church. These idiots are at the point of no return, and I don't blame them. For too long have they dreamt and planned their future of not having to work for a single minute ever again, picking the colours for their lambo fleet, lurking luxurious real estate websites and browsing celebritynetworth.com to see where they'll rank once their shitcoin reaches $1k.

Of course they'll try and defend their (soon to be proven terrible) decision to dump their allowance-tier savings into a bullshit project shilled by a russian philosophy major. Their delusion has consumed them to a degree where any thought of their dream ticket project failing brings them pain and depression. Even research has proven that the human brain can not tell a difference between reality and vivid imagination.

So instead of wasting your energy on a pointless task of trying to save them, consider it this way: a year from now, when LINK is still doing nothing and they are out of excuses and lies to tell themselves, we're going to have the biggest collection of depression and suicide watch threads this board has ever seen, and it's going to be fucking glorious.

I honestly can't wait.

>he still thinks neet-nodes will participate in these high dollar smart contracts.

Nah, you're wrong. If say a bank wants to execute a 100 million dollar smart contract with zero risk they can do that. If they save money rather than using legacy systems by doing so (which they likely will) - even if they pay a very high amount - they will do it. If they pay a lot there is a very strong incentive for an oracle to take on the job and for the oracle to act honestly. It is genius actually.

*Available* collateral is infinite, brainlet.
Imagine being this stupid but thinking you're smart.

Attached: NoLinker Interview.png (986x203, 74K)

>the fees they would charge to provide the data would be extortionate making it unviable for the bond issuer to pay.
Smart contracts will save banks hundreds of thousands of dollars per day. Sergey has discussed this extensively.

A professionally run node operator - say an actual institution - would certainly take on that risk if they were in the position to do so.

Sergey is deliberately targeting these high value contracts because they need this kind of system to reduce the risk for them. Because smart contracts are immutable, irreversible, if something goes wrong - youre fucked. Especially if lots of money is on the line. Hence if the oracle takes on the risk and the smart contract creator saves money even if he pays a high reward then the system is good to go.

I don’t think you understand that it’s not that difficult to get access to the data that these high value contracts will use. Just check out subscriptions to Bloomberg or Reuters, both of which will give you FX, Interest Rate, Commodity data + much more that you can run through your node.

Explainer for Chainlink and PSD2
part 1
part 2

glad as always to see you here, damu

youtube.com/watch?v=cXt_agn7HKI

Yes. Sorry didn't meal all. Some portion of it, which is till alot.

Oh I understand more than you know fren. Penalties will be 100%. From a smart contract perspective, you can’t pay you don’t play. Question, how could this be worked around to significantly reduce risk to both the SC creator and the node operator? You’re rich fren, you just don’t know it yet.

I will give you an example.
Your company issues a 1year 100m floating rate bond, let’s say at 5%. You ask 10 node operators to put up a combined 100m in collateral. They agree, but ask for 500k in fees each for providing the data. That’s a 5% return on the collateral you ask them to put up.
Your cost of funding is 5m from interest costs + 5m in node operator fees = 10m. Basically, your total cost of borrowing = 10%. Tell me why a company would double it’s cost of borrowing just to remove the small risk that a node operator will return bad data?

Also daily reminder that Thomas Hodges used to tell people in the slack that it's the collateral that will be the driving force for link tokens not the fact that the amount of link impacts your reputation. That was before he became very thight lipped about any price-speculation.

>have a node with 10k staked LINK
>LINK is at 1k
>Bond smartcontract worth 50MM will transfer ownership and needs to verify new address of receiving bank
>Issues job to 10 high rep nodes with enough LINK for collateral
>My node is chosen as 10k LINK is high enough to discourage sybil schnanigans
>Stake my 10MM worth of LINK on the answer
>Takes .3 seconds to complete job, takes 2 minutes total to verify results and exit the Chainlink contract
>Got paid .6 LINK
>Bank just paid $6k to do something that would have required multiple salaries and taken over a week to do and tied up liquidity.
>If my node is used like this 100% of the time, I make $157,680,000 a year
>Not a bad rate of return

>Tell me why a company would double it’s cost of borrowing just to remove the small risk that a node operator will return bad data?
Sergey has discussed at length the different ways that they'll save money. It's not just bonds. They spend hundreds of thousands per day just on aggregation. If it wouldn't save them money they wouldn't do it. It's simply a case of paying the node operators an amount that still means you're saving money. This isn't unthinkable.

Got any screengrabs? This is very interesting.

Comfy post.

Cool, so no node operators accept your contract. Now what?
I work for a single company that does over 5billion notional in derivatives + 2 billion in bonds. Are you seriously saying that my company would request node operators lock up 7 billion in collateral? Now put that across all banks, hedge funds, corporates that are involved in the bond and derivative market. We are talking multiples trillions in collateral being locked up. Never going to happen.

>nodes ask for 500k in fees
>I bid to do it with the same amount of collateral for 500 in fees

hmmmm... it's almost like it will be a market of types

have a good one cunt

Attached: 00.png (601x1177, 2.72M)

using a binance wallet is a stupid idea
make a fresh cold wallet
post it as the last line of each daily roundup post

The answer is so obvious.

Not that many bonds get issued and your node won’t be chosen every time for every bond. Your return number is a farce.

You are gonna put up 10m in collateral on day 1 for a $500 return? If the bond is fixing semi-annually you know that your collateral is locked up for 6months aye. So for a full half a year that 10m in collateral only earned you 500. Wow great return.

You can reuse binance addresses so its all good

Why wont it happen? Just because you say so? What you think is irrelevant unfortunately.
It can happen and that will cause token price to rise.
It won't happen overnight but it will happen. Smart contracts are the future, friend, and te LINK network is the key.

But guys, wait a second, when I actually think about it something doesn't add up. Let's ask ourselves the question why would the customer even require collateral? to not lose anything in case a bad actor managed to provide false api calls right? but in order for the contract to be compromised in a bad way, 51% of the nodes would have to provide a bad response so in that case, the honest nodes get penalized since the consensus mechanism doesn't know what's truth and what's not it's about the majority so the customer gets fucked and only gets 49% of the collateral from the honest nodes at that. In order to get 100% of the contract value back the collateral would have to be way above 100%, how much higher it depends on the honest:dishonest nodes ratio? or am I missing somethng? (it's late and I'm a bit drunk)

no but he did correct someone at least once in terms of what's gonna impact the price, then he became very cautious about price speculation. Also someone here mentioned that he used to post bullish predictions about LINK before he joined the team, on reddit but that's not anything special probably.

Collateral is for the execution of the smart contract - nothing to do with the bond itself....

No one would do it for $500 cuz it's too risky.

What’s the answer then? What’s the notional value that will be put up as collateral at any one time?

It doesn’t belong to you either bitch

The answer is $1000 EOY

Ari Paul is unbased and bluepilled.

It won’t happen because it doesn’t even happen now. When you enter into a derivative contract you aren’t required to put up 100% collateral of the notional value. It just isn’t feasible. Most of the time you don’t put up any collateral at all unless you are a small corporate or you are trading futures through a broker.
Have a look at the full notional value of the bond and derivative market. Do you really think that the same value would be required as collateral if they all moved to using LINK?

OK, that capgemini thing is interesting - XRP btfo I guess.

I'm sick of you homosexual spamming link threads in here.

: )
no shit. Sadly, the markets that Chainlink will serve only transfer the same several trillions around. The highest rep nodes will probably only earn 15%apr on their link stacks.

I guess we will just have to find someway to live in this dystopian world.

The smart contract relates to the bond though, since it will be the interest rate fixing that affects the bond coupon paid out.

You gonna get banned for being a spam poster faggot

Paging walletautism, pls grace us

>When you enter into a derivative contract you aren’t required to put up 100% collateral of the notional value

You don't understand. The collateral is for the execution of the smart contract. If a smart contract goes wrong then you can't reverse it and if someone has incentive to act maliciously for their own benefit then that must also be prevented by offering high rewards and high collateral. That's why they're risky and why there will be this system will collateral. You're talking about something different entirely.