can someone pls explain chainlink to me?
i have my whole livesavings (30k) in it and i dont know what it does.
Can someone pls explain chainlink to me?
Jaxon Cooper
Ethan Stewart
it delivers data to smart contracts.
say you wanted to make a smart contract for the price of oil youd need linkies to feed data into said smart contract about the price.
Henry Sanders
Jow Forums - Business & Finance
Cameron Cox
something about oracles extracting data from the internet to validate contracts, it sounds promising so I added it to my swing portfolio
Charles Morris
Chainlink makes it so smart contract have a way to grab external data thats outside the blockchain, this alone makes for endless possibilities changing the way every digital agreement is met
Ayden Robinson
Its much like Tesla's AI autonomous driving system.
Austin Edwards
It is a cash grab by a Russian scammer and a handful of shitposters. Technically a Jason praser
Joshua Collins
It tells you the price of ETH. Kinda like clicking onto CMC, except this time it's DECENTRALISED!
Wyatt Gutierrez
Jesus christ. Investing Jow Forums style. The sad fact is that this clown will probably honestly make hundreds and hundreds of thousands without deserving any of it.
Lucas Ortiz
If it works, why cant I spin up LINK2 and undercut you by 50% on fees. Whats the magic of your special ERC20 token?
Leo White
>i have my whole livesavings (30k) in it and i dont know what it does.
You don't deserve even a QRD, let alone an explanation.
Charles Lewis
read the whitepaper
breadcrumbs everywhere
disgusting
Carson Perry
no, i dont like reading.
Grayson Scott
based on all the replies it's time to get the fuck out of link
Easton Watson
It ia not that simple, they are working with current data providers, so that they and only they will have the licensing to extract data from providers that actually matter.
Xavier Sullivan
it doesn't do anything
Sebastian Adams
8/10 b8
Easton Gonzalez
youre going to lose all your wealth youve built up from link because you seem like a straight up retard
Dylan Wilson
what is LINK2? I can't even find it on ddg
Jayden Roberts
Based me too. The memes are good so im all in.
Michael Clark
>No one would ever trust JPM Link
>JPM could never sign the same deals
Installing broadband in the hood was a big negative for the internet.
Joshua Young
people think im baiting right now, but im dead serious about everything i write in this thread.
Luis Murphy
It's a social experiment to see how people would react to a return of the nazi regimen. So far they're doing good but don't tell (((them)))
Christopher Rogers
Blockchain is a network of computers basically making a supercomputer. But it's just a brain. Link is the body; the hand, feet, eyes, ears, and mouth that turn the supercomputer brain into a mega Chad ready to mouthfuck us lowly humans into another dimension of existence.
Aaron Wilson
it solves the lambo problem
Andrew Phillips
Why would you want to trust an investment bank? Its too risky to have an investment bank be the oracle. Especially if they have investments in the companies they'll be doing smart contracts with.
Thomas Jenkins
reverse reverse sell signal?
Christopher Gutierrez
kek how much sci-fi movies do you watch, fucking neckbeard homo.
It doesn't do shit, but you can flip this piece of crap and make some gains, untill the big exit scam of course.
Leo Barnes
>Why would facebook trust the bank that invest in them
Do you know how dumb it sounds saying that out loud?
Jacob Garcia
You do know Smart Contracts only work if BOTH agrees to them right?
Christian Collins
It solves the Lamborghini problem.
Henry Russell
How are the data sources decided so there's no chance of manipulation?
Anthony Barnes
Litterally no one knows. Even Sergaey said it was autonomous but kind of acting out right now
Austin Ramirez
"dude trust me bro"
Henry Diaz
This is the "ai" that's going to eliminate 90% of all office jobs. Not some terminator manual labor bot, you dumb nigger. That's why the elites keep bringing in Mexicans.
Adam Johnson
I loss all my savings men. Goddamn bitconnect men. $30,000 disappeared jus like that. I shuld have put it en my savings what was I thinkin men
Chase Powell
The data providers (node operators) are liable. If it's a sole source data set, any error or mistake is taken from the collateral they put up to become a node. If it's multiple source/publicly available data set, chainlink grabs as many answers as you want (for a fee to each), and if one doesn't match...that operator is fined for giving bad info, and the consensus data is passed through to the requestor.