Chainlink and the 4th Industrial Revolution

How long have you known about Chainlink? I'm still wrapping my mind around this project, but if I am right, there's some potential here beyond crypto.

It's literally a scam coin. I wouldn't believe anyone who tells you otherwise.

Hmm, I think you may be off the mark. I just google'd chainlink blockchain and I see they have been covered by serious and reputable publications. That's probably how you heard about it.

Nice id color. NPC.

?

I'm trying to expand my understanding of this project and you throw out non-value comments?

I wouldn’t even consider chainlink a crypto desu. The only thing you can buy with it is data, but its the most secure tamper proof data possible. That’s why it has been performing so well in this shit market. It isn’t trying to be a currency because currency coins are a meme.

WHAT IS CHAINLINK
blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

WHAT IS TOWN CRIER HOW DOES IT IMPROVE ORACLES
blog.chain.link/town-crier-and-chainlink/

1400 CHAINLINK MEMES
imgur.com/a/GnW0DmO

CONNECTIONS AND BREADCRUMBS
imgur.com/a/HS9hIfr

POSITIVE AND BULLISH THOUGHTS
imgur.com/a/bklfSCi

>What is Chainlink?
Chainlink is a decentralized network of oracles reliably inputting data to smart contracts.
>What are smart contracts?
Automatically executing digital contracts, which will replace future legal agreements, where a contract executes on its own instead being executed by either party in the contract.
>What is the LINK token and why do I want to buy it?
The LINK token is what Oracle operators require to operate. Operators lock away huge stacks of LINK in their Oracles because the more they lock away, the pricier the contract they can submit info to.
>Why don't Oracle operators just get paid in USD?
Because the network runs on LINK tokens. The more usage the network gets, the pricier each token becomes.
>How do I buy LINK tokens?
Currently you can only buy LINK from cryptocurrency exchanges, but soon there will be official, direct gateways to convert USD/LINK, EURO/LINK, ETC.
>How are oracles decentralized?
Decentralized means anyone, not a select few, can run an Oracle and upload information. A reputation system is built in that punishes niggers who submit bad information, and rewards people who submit true information.
>What decides the information I submitted is true?
The network decides, based on majority rule, which is effectively the only way to decide. Based on the reward/punishment system in the previous question, operators who take their job seriously won't risk losing it over being persuaded to upload wrong information.

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I have a childhood buddy that became friends with a rich, but quiet dude. He keeps to himself, very smart, but fairly balanced. He invited us out to hang out for a meal at a restuarant. He paid.

While drinking dinner with him and my buddy, I asked? I figured why the hell not? I have nothing to loose.

He told me to get to understand Chainlink. I asked him if he has skin in the game and he said he'll be starting up a company to support the network. I saw his reply as a serious hint that this project could be absolutely huge. So I read an article on it made by the Oracle and checked out some other places.

Those who know about this project in more detail please drop some serious breadcrumbs.

I want to learn as much as I can. I am willing to buy more of the project and seriously get involved. I also read a lot, but the impact of this project is quite dense. Let's be honest.

I want to make it

Some part of the comment was left out somehow.

My buddy's rich friend said he started buying around September 2018. From the stuff my buddy hints at, this guy has a serious knack for making money. I want to learn

Thank you!!! I will read all of this and learn as much as I can and help out. My buddy is lucky.

My buddy probably doesn't get how huge this project can be. I get it, I guess intuitively. But now its time to pair this intuitive understanding with more concrete use. Who knows, maybe I soak up the knowledge on Chainlink and work for my buddy's friend.

I own about 2,500 LINK. I want to make it, but there's some people here I'm sure with more than that.

Well I'm convinced, rich but quiet dude really knows his shit

Interesting comment.

"I wouldn't even consider Chainlink a crypto desu".

Not sure what a desu refers to, but with the real world API access alone to pair blockchain smart contracts from the current silo'd environments, thats a game-changer. Anyone with an IQ of 120 could figure that part out independently. I'm reading the links provided to me on this project and learning as I go along.

I feel for you buddy. A year ago when I started learning about Chainlink there were tons more productive threads. Now everyone is just bored so they FUD while stashing it away waiting for the next bull run.

Go to the archive and look for threads from around December 2017 to March/April 2018 with a focus around Jan/Feb 2018. Some of those threads were absolute gold. A lot of connections were speculated and we still aren’t sure about. 2019 will be the year a lot is revealed about this project.

How much do you know so far?

So wait a minute...
Towncrier has connections to ivy league Cornell University. Chainlink bought this technology and will also be leveraging INTEL SGX?

This is some serious strategy.

OK, I will definitely spend this week investigating this project. It's like a rabbit hole.

It will be the mark of retards as google Facebook amazon palantir Apple tencent and Alibaba shareholders inherit the earth

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I just finished reading the article from CNBC.
So far, I've read the MIT articles, FORBES, and NASDAQ. Also reading the material from the anonymous posting with the breadcrumbs.

If anyone could test me on my knowledge or give me questions to help with my learning on this project, I would be duly grateful.

As crazy as this sounds, I think it may be fate that led my friend to meet this new guy.

If it weren't for that, I would not have seriously begun studying this project. The guy looked me dead in the eye and said he's starting a company to support the ecosystem. He's works a lot and I don't know him that well, so it's not like I could go and bug him about the details of Chainlink.

But please test me as I want to learn and maybe work for him build his business. I have a Bachelors in Business, btw. I want to become an entrepreneur myself and be rich like the new guy. But everything is a learning process, and I have patience (but do not sqaunder time).

You found the crypto oracle articles yet?

Take a wild guess

Yeah, it was one of the first articles I read. I've read all of them. So I'm somewhat familiar with the concepts and the different use cases. I literally believe this could be the greatest opportunity for me in this global market. It's clear the world is moving to one of increased populism and border-bickering, but the thing I think that may continue to unite people is technology. I mean hell, there's a chance if I dedicate the time I will be well-versed in the technology.

Oh yeah, I just text my friend and asked if knew if the rich guy knew about ethereum and bitcoin and he said yeah, he's known about for a long time. Chance he made money on those also.

This might be the biggest opportunity for my career. This is why I am so persistent with you guys. I just want to shorten the learning curve and make it.

it wont, its a fucking gay meme spread by canadian faggots and pajeets, dont buy this shit if you value your assets

What in the fuck is this thread? I thought this was a nepalese barbershop startup forum

overcast.fm/ OWGx5WE48

You can listen to this

I'll take a look into this and thank you for the tips!

I've already have thought about applying for another part-time gig and buy more LINK. This project will be a game-changer if it takes off.

I wonder what kind of company my buddy's friend is creating. I'd hate to be nosey, but I'm getting more curious by the minute.

just ask him, who gives a heck?
maybe the guy might even be happy to talk about it
>I'm getting more curious by the minute.
you said it yourself, its a rabbit hole

probably some sort of API/ node listing services

oh wait wasnt there a biz startup doing something like that?

I only met the guy once, so it might be a bit off-putting to ask the guy directly, "What kind of company are you starting around Chainlink?"

I'd rather approach the situation being knowledgeble on Chainlink the next time I see him and then ask him during the course of the conversation.

the future has no place for digital middlemen like chainlink. they had the right idea, but the wrong implementation. better luck next time

I've done enough reading to understand the technology on a superficial level to get this is nothing to ignore, so let's stop wasting time.

good point. at first i thought you were larping, but it seems like you're on the right track.

user, i don't wanna be rude but we've been discussing link ever since the ICO, which is over a year ago. most people who are willing to explain into detail have done it so many times and there are numerous of posts archived that give good insight. so naturally after the 10000th time ppl wont bother giving a serious answer since we've discussed all this many, many times.

youre confusing the technology for the business model. the tech could work, maybe, we don't know. what we do know is that the business model doesn't, especially the way link supposedly secures it's own platform by tokenizing the value of the platform itself.

>node
Just read some articles on what a "node" consists of. So this could be a passive income opportunity? Hmm. Thanks for mentioning this. Will explore this aspect further.

chances are no, because unlike nodes or miners on a validated blockchain, all nodes are node made equal, both in reliability and more importantly trust. chances are your node won't get any usage or be included in any whitelists for high traffic or high value usage.

>all nodes are not made equal*

all ypu need to kbow is that smart contracts and storing value on the blockchain will shift society into a cashless one, creating a fuckload of (((big data))). You think shits creepy now? Just wait another 10 years when everythings logged on chain and kids born '05 slowly turns working age with their jewgle accounts holding their entire youtube and google search/play history since they first held an iphone. The surveillance will all be normal to them, making this generation the perfect breed for ((them)) to shape society as they see fit.

All of this will be building up to the releasing of breadcrumbs about our true origin, existence of aliens, previous civilizations on earth, all before the climax of project bluebeam where a charismatic individual will unite humanity under a one world government and propel us toward spiritual enlightenment, fulfilling all guidelines on the georgia guidestones and preparing us for entry into the galactic federation

personally im all in

take it with a grain of salt though, because truth is bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

shut the fuck up you retards. god damn, having to waste mental capacity reading shitposts like this makes me actually want to hunt you down and skin you alive you inbred spastics.

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stop spamming, lurk more and go back to re*dit

this meme overlooks the reason chainlink got such a big following on biz at first was just because sergey looked funny

yeah, cover your ears, any year now chainlink is going to make everybody rich!

I'm in my 20s. I don't go out much. I read a lot and have always kept to myself and read about business and success. I want to make it. I have already done the prerequisites in making it.
Imagine to my delight when I meet a guy who is rich and knowledgeable in Chainlink. I feel that this is my moment, and now I must do what's necessary to seize it.

I truly appreciate all the breadcrumbs. Yeah, I'm getting a second-job and put a lot of those earnings. I wish to have 10K LINK and I better get to work soon. Kind of seems like momentum may be picking up on casual glance.

if you look at volume you'll notice a huge increase in the past couple of months. whereas before the volume wsa so dry you were better off watching paint dry than looking at the LINK chart.

Yeah, I just noticed the price chart action. I wish I could have known about this project earlier. I would have had a decent stack at .$.17

Yeah, but for people like me, threads like this make it easier for me to gain more knowledge. I already understand this project can make me rich, so I'm busting my ass here with gaining more info and picking up a second gig. I understand no one is going to hold my hand, I have to do the required work necessary for a better future. I want to make it, and God willing, I will.

LINK 16,839,738,022 £ 2025
Companies will be bought with 1 LINK.

Recommend buying a stack, then browse here more. There are still quality threads sometimes.

watch the fireside chat with gonser if you want to understand how chainlink can play a pivotal role in this emerging digital economy.

most anons called it a nothing burger because there was no announcement. but the key takeaways are that: a) gonser himself is shilling LINK to huge corporations and b) he's helping Sergey navigate these types of uncharted waters that gonser himself once did.

he recognized the disruptive potential of the technology and if things play out correctly, sees potential in a VAST number of applications that can and will save industries billions and billions of dollars.

You're the worst kind of person, and it is obvious you know that to be true.

>I-I just w-want everything done for me and for others to think critically and sometimes abstractly and then to explain certain concepts because I am so stupid, I'll never be able to fully understand anything beyond fifth grade maths.

McKill Yourself

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>It's like a rabbit hole
You have no idea.

After youve learned what Chainlink is read this and especially the last 3 paragrahs. It will help you understand just how BIG Chainlink is for the crypto space and why the tokenomics of LINK is the best.

venturebeat.com/2019/01/26/blockchain-in-2019-will-be-all-about-the-middle-layer-protocol/amp/

>tokenomics of LINK is the best
its a basical staking system with 65%+ centralization and no value capture on the chain itself.

>its basically a*

Chainlink relies on ethereum which is not industry grade ready.
As long as the core protocol won't become any better, anything built on the platform is built on a faulty fundament.
Why not port over to a better platform?

>what is middleware ?
non dependent.

It won't.

Next question.

Lots of reddit in this thread

He bought a few months before the bubble popped. He's trying to sell you his bags.

Go away.

Welcome fren. You gotta be in it for the long haul though. This is a minimum 5 year hold, and you’ll still want to kill yourself if you sell everything at that point. People will be shilling things like HOT and BTT and Bitcoin Ultra Extreme 2.5 but the only way to make it is ignore the rest of the noise and keep holding. Swinglinkers kys themselves everyday

The fact you asked this explains it.

Try reddit bro. You’d fit right in.

>Which layer of the blockchain protocol stack will create and capture the most value?

Get to the part where all 3 of you got a room and fucked

What is with this holochain fud? Will holochain deploy their own oracles and will they be superior to chainlinks network of decentralized oracles? Wouldn't holochain need trustless data?

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youtube.com/watch?v=4hR4rDbJPM4
Stay stinky, gamers! :^)

r/linktrades

>September 2018

hahahahahaha

No one owes you shit, you pathetic pleb.

Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life.

Chainlink is a meme started by Jow Forums (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night.

Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over.

Now Jow Forums is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology.

Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over.

Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY.

This is a Jow Forums meme to siphon money out of the hands of the already vulnerable.

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Not mindless speculation but they are all speculation. Many connections through twitter followes. Many of these companies are saying they are using apis and open source blockchain tech. Many have stated they are using oracles in a decentralized way or they are utilizing auto executing smart contracts. World econonuc forum praised sergey and smart contract (the company he runs). Chainlink did a successful poc with swift and showed that chainlink could automate their bond payment processes. Many different people have written articles flat out confirming that chainlink is partnered with swift but if swift doesn't make an announcement that tgey are partnered everyone will call it speculation even though there will likely never be an announcement because that is now how major companies operate. Many many more conbections i haven't mentioned. Probably hundreds of different connections. But all still speculation.

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Is this real? That girl must be 5'5 or shorter

so whats the point of all this "i don't know about link" shill? In the end either you buy, or don't buy. So you've read the whitepaper, all the articles... in the end, same shit. Buy or don't buy. Not a single larp/insider in biz history has been right about the price of link so far. If you're a true believer of link's tech and future, but the price never raises above $1, would you still buy in now?

All this meaningless "please teach me user" bs . Either you're in, or you're out.

"Fat Protocol" as described in the Venture Beat article. It appears Chainlink can and will fit that description by the use cases within Derivatives (a Quadrillion dollar industry) and the insurance sector (multi-trillion) in just the U.S. alone.

The fact that smart contracts are receiving favorable traction within the legal and regulatory regimes makes me even more bullish.

What about the larpers who claimed chsinlink would never ever hit 2 dollars. They were right.

if you haven't noticed yet, these people are buying chainlink so they don't feel like outcasts anymore. its just one giant support group for people dreaming about getting rich, while being hyper emotional about their little "investment". the whole thing would make a great psychological study about the beta mindset.

the fundamental misunderstanding is that chainlink can't capture value when it doesn't even exist on their platform. the value is all in the APIs, and they are wide open or chainlink doesn't bring any value-add.

An user who sits at the end of time and reveals to us his greatest hindsights. What else never happens, oh great one?

From my reading, it appears each transaction conducted on the network will require a payment, no matter how nominal the pricing element is. The fact that the contracts are enforceable, and nodes are incentivized to secure the network, and allow for network users the trustless/tamper-proof allows for new business models we've yet to see carry out. I'm still rough in my understanding but I get the additional value of this network--at the basic level. Thank you everyone testing my understanding. I am here to learn and have already begun reading the whitepaper for a second time.

By the way, payments must be carried out in LINK. The token for the network seems to have an intrinsic element to this which for all intents and purposes add an economic layer of security. I still have more to read, but I'm getting there.

Bailey O'Shea joined as self viewer on pivotal.
Could it be the same Bailey O'Shea who's Product Manager at General Motors?

>digital contracts, which will replace future legal agreements,
peak delusion

The importance of the token is not so much paying out node operators but rather node operators staking the token on the network.
A finacial incentive is absolutely necessary to prevent Sybil attacks. If nodes have no skin in the game then there would be no punishment for gaming the outcome of contracts.
Brings into question how much $ nodes would have to stake in order to accept a contract. No one knows yet as we have nothing to go off of but I would assume*** that the total amount staked is worth more then the entire contract because the value of the contract should be covered by at least 51% of the nodes so it is not profitable to Sybil.

>The token for the network seems to have an intrinsic element to this which for all intents and purposes add an economic layer of security
Or I can just use a traditional B2B data pipeline with a traditional legal contract with a data vendor and not worry about sybil attacks and economic incentives of nodes and such.

The beauty of Chainlink is that the value is captured off chain through staking, collateral value and offchain computation.

just know this. Chainlink is all about connectivity. Without LINK all those smartcontract platforms are useless. There is no way for them to connect to real world data for execution.

In comparison, ETH ADA EOS all these smartcontract platforms are like Webdevelopers. They built websites but HTTP doesn't exist yet. So no one can use the them. Chainlink is the connectivity. It is the equivelent to the HTTP protocol of the internet stack. except in blockchain stack the HTTP protocol, LINK, is a token you can invest and capture the value of connectivity.

Not many people quite understand this yet. Consider yourself lucky whoever is reading this thread and finally understands what Chainlink is.

>Collateral value
Value captured by node operators, not data vendors or purchasers

Seems like rent-seeking to me. Why would I pay a fee to a middleman? I will know a lot more about normalization and validation required for my data for my use case than any oracle will.

I think there’s supposed to be some third party listing service and reputation provider that verify identities and prevents Sybil attacks. Not sure the staking value will contribute much to that defense except as an extra hurdle against attacks

Reputation and staking both help prevent sybil attacks but I would argue that staking plays a more important role.

You pay for decentralization which chainlink is the middle man for. It is the middle layer in which ALL Smartcontracts will need to connect to in order to operate.

Contract creators determine the terms and level of decentralization of data retrieval they require. This really will be an experiment of how much decentralization is considered a security guarantee. What you are paying for is the level of decentralized data retrieval and aggregation that you feel makes your contract secure and fail proof so it can essentially run autonomously for however long it is needed