>>SUMMARY OF RECENT NOTABLE LINK SPECULATION AND DISCUSSIONt.me/chainlinkofficial Unofficial subreddit if you prefer plebbit >r/LINKTrader/ Pivotal Tracker (Allows you to see what the development team is working on this week and in the near future) >pivotaltracker.com/n/projects/2129823 Previous thread: >warosu.org/biz/thread/S10864307
Official Partners: > @swiftcommunity > @AccordHQ (Hyperledger, IBM connection?) > @OpenLawOfficial (Consensys) > @initc3org (Town Crier and Ari Juels) > @zeppelin_os @factom @MarketProtocol @requestnetwork > @officialgamedex @origami_network @ClinTexCTi @CEEK
Smart Contracts are a type of digital agreement that automatically executes whenever certain pre-determined conditions are met, this allows to make cheaper, more secure and reliable digital agreements without needing to trust a third party The problem is that Smart Contracts cannot communicate with off-chain data (interest rates, FIAT values, the time, et cetera) This makes something as revolutionary as Smart Contracts limited to exchanging ERC-20 tokens mostly, and certain Dapps like cryptokitties (on-chain data; example: X amount of ETH = Y amount of ERC-20 tokens/kitties) To make more appealing Smart Contracts you need something called an "oracle" that is basically a middle man that connects off-chain data to the smart contract, this person has a certain power since they can change the data to their favor (we're back to trusting a middle man, which is not the point) ChainLink aims to become the leader Oracle service by creating a trust-less, decentralized oracle network, where you don't need to trust an oracle but rather the protocol of the network (think about it like Uber, you don't trust the driver, the driver dosen't trust you, but you both win by using the app, that is trust-less in nature)
This would allow financial institutions to save BILLIONS (Sources: Capgemini and WEF) and that would be just the first implementation of the network
They're working with Accord and OpenLaw so it works with the current legal framework and they've worked with SWIFT so they're compatible with legacy systems (ISO 20022)
>I recommend you read the whitepaper and the god protocol by Nick Szabo if you're interested in what I've said
Why are we bleeeeeeeding? Is this the final shakeout? September is supposed to be our month? This shit is ruining my life
Joseph Gomez
I think it's because LINK kept on rising when other shitcoins kept on bleeding. Some people who saw it as their saving grace in this bear market sold when LINK gains stalled and other coins bounced (NANO, VET, ICX, etc). Then it's a race to the bottom till only previous hardcore bagholders are the only ones left. Idk. It sucks but mainnet soon hopefully
Sebastian Cox
It only sucks if you're selling and you're only selling if you're a faggot, so it only sucks for faggots. QED.
Eli Jenkins
Bump. Nice job user
Luke Bell
You should be buying now btw
Grayson Nelson
WE ARE ALL IN THIS TOGETHER
DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!
THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!
