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
He was obviously a marine who did his research, still comfy. Don't pay attention to the larp predictions but the overall message.
I can't believe affirm isn't on the archive. I've seen it before too. Anybody who has checked Sergeys follow page must have seen it but no one thought it was relevant enough to investigate further? And it brought up further connections to PayPal and Salesforce. We should start from 0 and comb through every single one of his follow all over again.
Brandon Lewis
I just looked at a chart of link... why are you guys investing in this... it looks like garbage... are u all trapped in losing positions?
Juan Lee
He was just some fucking asshole. Don't group useless attention whores in with marines that do real digging.
Levi Martin
It's because we're retarded, now leave us alone.
Lincoln Davis
This.
Anthony Sanchez
Just want a help fren and understand... you guys can't be that retarded.
Mason Gray
...
Thomas Kelly
we have best memes real insiders and larps breadcrumb connections cult pastas plebbit fudders assblaster...... Post singularity is actually gonna be boring
Angel Nguyen
I'm kinda boomerish... so it's a more secure way of making transactions? I would like to do some TA on it ... but just eye balling it, its rough. 1.45 in Jan down to 0.3ish... I don't see it going up for a while.
It's not. We're a mentally deficient suicide cult, we want it to go as low as possible.
Jaxson Williams
cant wait for 17 cent link and im a marine with moderate bags
Lucas Brown
daily reminder: LINK $1000 EOY (((only))) requires a non-stop daily +7.29% for 117 consecutive days, "almost there" kek
Anthony Lopez
I can't sell now. I shilled it to all my family and friends. If I get out now after they've all lost more money than I did, then they will hate me and I'll have nothing left. If this shit goes down, I have to go down with it and with everyone around me who listened to my stupid fucking ranting and raving about the "oracle problem."
Elijah Peterson
I didn't see the Insurtech thread, and I forgot to add Jonny's article. Thanks. Fergly's infographic is OP pic by the way
Hopefully it all works out. There was some user talking about how the price won't just suddenly increase just because it should, i.e., when people were talking about how collateral was supposed to be this much, which means LINK should pump to this price, and so on. I think that's a narrow view regarding LINK's eventual price. What should be focused on is the volume of requests the network will have once mainnet is live, and in extension, how profitable running a node will be. For the former, assuming a high volume, the price would be affected by whatever firms and companies who'd use LINK (remember, you need to pay with LINK in order to use the network). As for the latter, I think that's where all the talk about collateral comes in, where presumably high value contracts would pay out high fees.
James Rogers
Just do whatever you think can help the project if you're actually desperate right now. Digging up info, making infographics, being a non-retard on plebbit to improve community optics, whatever the fuck you think is going to help. What I'm doing for example takes literally no talent, although I don't know if it's actually helping. I actually wanted to make a video guide regarding running a node and setting it up with AWS or a VPS but I don't know if it's actually beneficial to make it easier for people to run nodes. I don't know if it will have an effect though since if it's actually too difficult brainlets will just resort to using Linkpool
Brayden Sanchez
warosu.org/biz/thread/S10957639 Riskblock alliance working with consensys, lumen lab working with pwc, a few startups following Sergey Nothing about Lloyd's
I think a step by step video guide for the tech illiterate brainlet (like me) would be a good idea. I'll use linkpool but getting a clearer, visual understanding of the full process would be appreciated.
Sorry, should have made it clearer >but I don't know if it's actually beneficial to make it easier for people to run nodes That is, if it's better to keep it down low as to not split the profits or if it won't matter since people will just resort to Linkpool anyway if it's too hard. If I can be arsed though then I'll probably try making a video once mainnet is out to see how exactly it would work, considering there may still be changes to the UI. Thanks for the link, will include next post
Ok... Why so soon? Shouldn't they wait to fix icebox's bugs?
Angel Reed
Started yesterday - possibly in the related-to-Chainlink-worker larp/non-larp.
Sebastian Perry
It says "main network released Monday morning". But this has to be a larp
Jack Nelson
>Nazarov literally means of Nazareth
Kevin Russell
hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm what do you mean by this?
Caleb Watson
checked
Hudson Flores
Bump.
Levi Perez
Can you show me how fren?
Gabriel Campbell
Okay so after reading the OP pic I see the value of having a trustless, decentralized oracle, but how exactly does the Chainlink token come in to play here? I assume it's to run the node somehow?
I guess what i'm asking is; What gives a Chainlink token it's value? The more you have the more efficient a node will run, something like that?
Not trying to fud, just curious and I can't seem to find any info on this shit outside of biz.
THE NEXT COMING OF MY LORD AND SAVIOUR. THE EMBODIMENT IS NOT IMPORTANT, IT IS JUST A VESSEL FOR A SUPREME CONSCIOUSNESS, A CONSCIOUS THAT HAS ALREADY WITNESSED THE UNIVERSE, EVERYTHING THAT HAS EVER BEEN AND WILL BE, TRANSPIRED AND FOUND HIS WAY BACK TO EARTH FROM THE DEPTHS OF THE COSMIC NETWORK. SERGEY IS MY COSMIC DEITY AND HAS OPENED MY EYES. $freeman EOY
So the node operator gets paid in Chainlink which he can then sell on an exchange for fiat?
John Perry
yes
Ryan Johnson
>one year >32+ fucking millions >THIRTY FUCKING TWO >not even a hint of a functioning product >not even a fucking roadmap >cant launch a website without typos >cant even build their own website without stealing >biz links it to huge partners >partners are 3 literally whos fucking start ups >price keeps dumping 10% for a week and pumping 1% for a dfay on average >only 18 contributors on github lmao >as a bonus a bunch of retards fud it everywhere and think they are "helping" have I forgotten any other interesting facts?
Why wouldn't an Insurance company just pay the node operators with money rather than a token to exchange for money?
Can't fiat be used as collateral in a Smart Contract?
Lucas Ross
whats up with the retard questions? are you trolling me?
Mason Gomez
Would I be wrong into thinking it's better to be paid in link since say you stake your link and the information you sent was off like the weather changed or something out of your control you would lose some link for false information correct? This would help build more of a trusted community of oracles imo. We can even get some Oracles to show you how many they missed aka trust has failed while using their Oracle and the user decides where to go for information.
municipal marmalade, how to fuck is that main network
Parker Lopez
looking through warosu there's a bunch of municipal marmalade shit in link threads.
Robert Kelly
Didn't it mean main net released on monday morning?
Think it's bullshit though. Better to set your expectations low.
Lincoln Lewis
??
Jayden Miller
>Unironically just bought 3000 (poorfag Congrats, this was NOT retarded. Keep that vibe going fren .
Alexander Wright
doesnt look like it.
Carter Hernandez
I assume there's a website that codes and decodes these. Seems like a joke about how convoluted the puzzles are getting more than anything.
Bentley Kelly
Can you link them please
Colton Long
They're load testing the network. It's done. Words from a load test.
Christian Edwards
So, let's assume that "Municipal marmalade moistened Monday mourners" means "main network released monday morning".
What does it mean "Morose marsupials marinate municipal marmalade"?
Municipal = main (both adjectives) marmalade = network (nouns) moistened = released (participe/adjective) Monday = Monday (upperCase maintain the word the same?) mourner = morning (noun)
marsupials = I don't know, i think about codemonkeys, "developers"? marinate = marinate is similar to prepare some food with special ingredients right, so "prepare"? Morose = According to oxford dictionary = Sullen and ill-tempered.
Loads of municipal marmalade in warosu. As far back as May 2018
Brayden Morales
thank you m80
good luck and god speed.
Easton Wilson
Holy...
Matthew Cox
>What does it mean "Morose marsupials marinate municipal marmalade"?
Based on your associations I see it as: Morose = agitated marsupials = developers marinate = cook / wait / until it's time (perfect) municipal = main marmelade = core/result
The developers are adding the final polish to the main net
Anyone else go through that entire "relative of an employee" larp thread yesterday and thoroughly enjoy themselves? I was completely cognizant of it definitely being a larp, but I still felt a huge rush reading it, to an extent that it completely overshadowed the market crash from an emotional standpoint. I think there's something wrong with me
Eli Anderson
It is jam
Juan Thomas
I felt bad for feeling so good. It's so obviously fake, but I couldn't help hoping.
Jayden Hall
i know. opening up the calculator and rubbing my hands together like a merchant between frantically punching in different numbers regarding cashing out $2mm, paying taxes to coast off $1.2mm with 5% returns a year and sitting on the rest of my stack to watch it go up and hopefully cash out huge with just capital gains.
i work for myself and enjoy my job so having a roughly guaranteed $60k/year would make things pretty comfy for me in the meantime.
Jordan Lewis
Is 300K link enough to make it?
Adam Jones
It was s real tho
Josiah Lopez
checked and nice shill thread you got going on here, redneck
Yes, and adoption means many many nodes that need to hold a high amount of Link to qualify for new confirmations. The need for Link will increase significantly as supply decreases. Link rises in value and hodlers learn how to deal with a permanent erection.
Lucas Martin
You’d retards are making threads for reddit. I now know what Astro was doing
Jacob Nelson
What did I miss?
Lucas Young
I know it’s Astro and the Delphi fags trying to be funny
Jacob Rogers
Image saved.
Is the SEC the entity responsible for labelling tokens as securities? I need to know who to send this picture to, as it seems to imply link is a security. If people are distributing materials promising returns on a purchase, that seems like something they would be interested in.
Does anyone have anything else related to chainlink that the SEC might want to know about?
Aiden Lopez
>I wish we weren’t all so delusional.
I wish you knew what the fuck you're even talking about
