ChainLink holders: You are here

>Oracle 50 will be using the public LINK
I don't quite understand the oracle news, so is oracle themselves going to use chainlink? Or is Oracle simply choosing 50 nobodies to use chainlink?

Alright I have a shitty coinbase account. What do I buy? Ethereum? Or link?
About to sell my whole 1400$ in bitcoin.

oracle gives start-ups 70% discounts on their products just for using link because some insider wants to pump his bags

They are assisting 50 startups with setting up Chainlink nodes to sell API access to a variety of different data types. This jumpstarts the LINK ecosystem and creates a network effect. Right now LINK can only report on ETH price but Oracle is setting up Chainlinks for supply chain data, insurance, flight data etc.

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20 bucks sept 2019, cap this

Only hold 500 link bros, is this enough to get a patch of land with a water source in a few years?

Oracle has a blockchain for enterprise use, since they want enterprise to have a lot of use case option, they are working on onboarding startups focused on developing APIs to make those APIs available on the blockchain, using chainlink. The user you're replying to is also a brainlet who doesn't understand the news. The 50 startups will not be users, but data providers, ie node operators offering different APIs. Oracle corp is doing this because a wide variety of data on the blockchain makes blockchain more attractive and useful to enterprises, so they'll buy their blockchain services. While it's fantastic news that showcase chainlink as the gatekeep for blockchain adoption and helps bootstrap the network effect, it's still unclear if those data providers will actually be worth something and actually be used for real use cases. It's going to be a very slow rollout. The use cases showcased yesterday are very minor compared to derivatives and insurance. Few people here seems to even understand that.

>supply chain data, insurance, flight data etc.
Is this confirmed? Are the 50 startups any good?

Yeah but like 5 years

Sounds good to me

So Oracle is basically testing Chainlink before diving in?

I wish we saw one last dip to 50cents or below so i can actually accumulate, fuckkk.

chainlink ohh chainlink
youtube.com/watch?v=1AThBnOMY9c&feature=youtu.be

you didn't watch the fat Brazilian man mumble and meme his way into our hearts?

This will be like the Ethereum Alliance announcement except instead its Oracle Google & Microsoft announcing they are having a pissing match to see who can mass adopt Chainlink the fastest.

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Oracle is all in and will be setting up nodes. ( they will be profiting from Link)

No, they're helping build the network. Oracle is not a user, they're the blockchain provider. Compare it to ethereum. Ethereum will not be using chainlink, but people using ethereum will be using chainlink. Do you understand?

holy shit, how deep does this even go?!

so you think it will be more than 2 years for real usecases?

Don't Oracle themselves have data to provide though?

the singularity isn't just a meme

Hello nu-stinks.

Read up on SWIFT. Oldfags, how do you not already know that the real fun starts in September? Plus with favelamarine starting his pump project then...it's going to be insane.

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Enterprises didn't jump on computers, internet, cloud, etc. right away, user. Lot of companies today still run on paper and outdated systems. Fair to assume these new techs always take 5-10 years to be widely adopted. But who knows if chainlink will still even be needed by then. The first industries to adopt will be the very big ones.

ISO2022 is still speculation though

It's one a week starting in Sept, per the huemonkey. For an entire year (and then 50 more maybe, who knows huehue)

That's a separate announcement, one that's being kept under wraps until ABC, AWS, and Microshit announce (they're all working on code now to get the jump on each other).

Sirgay says D&I EOY. Shit starts going hot in Sept. NUCLEAR hot.

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any books you can recommend on this topic?

How will derivatives and insurance be handled if staking and collateral isn't even implemented yet? Or am I missing something?

Sure, "speculation".

Other than it being, you know, European law in September. Legally mandatory. Other than SWIFT having had it's own customized "Smart Oracle" for how many months now? Other than SWIFT being basically the sole reason the ISO is being enacted...and SWIFT being a huge cheerleader for CL since day 0.5

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...

50 nobodies.

>SWIFT being a huge cheerleader for CL since day 0.5
Honestly swift has been dead silent for a long time.

What you're missing is the concept of time.

Still speculation

Staking and collateral will not be implemented by September, not even close, it's not even being worked on right now.

Every: Bank, Payment processor, Online retailer that does anything, anything to do with credit/debit cards, my great aunt, some blokes dog...is LEGALLY REQUIRED to have all their customer's data be available to each other via API.

Accessing API data, securely, and exporting it to a format that programs can read and interact with. Does any of this ring a bell? Ever read any paragraph the chink poorly misspells on the website? Pick any one, it will hit all those "buzzwords"

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So? I'd rather have one somebody like Microsoft vs 90 nobodies. Simple usage of the network won't increase the price.

50 nobodies plus the current ~40 nobodies means Chainlink will be the fourth most used crypto by companies. And that's before EOY.

Once again, how can this be reffering chainlink if staking and collateral is not even close to being finished? You mean to say staking and collateral will be good to go in 2 months?

Sorry, but StainStink won't be a part of that. It's a piece of vaporvare junk that requires KYC.

$0.10 incoming

why wouldn't these institutions query the APIs directly instead of using some fat neckbeards network?

>Honestly swift has been dead silent for a long time.
Who do they need to market to brainlet? You do understand they have competitors right?

lol, it clearly says "Ethereum" in the top left corner.

How do we know swift is even associated with link then? Maybe swift dropped link stealth style just like accord did

Sorry, deleted it due to typo. Nice approach, now tell it to everybody else at this board who unironically spent years posting how crypto is not used and therefore is bad.
Also please find SWIFT and Google right in the middle of Chainlink website.

The website could be outdated though

They added Google just a few days ago.

They could've conveniently "forgot" to delete swift

You know SWIFT can easily sue you for millions of dollars for that kind of stuff, right? This is not a random pajeet scam at this point, no one would take that kind of risk with their $750m worth of business.

That being said I'm done. You're impossible to reason with and come up with new excuses every post.
>How do we know?
That way.
>Yeah but is it up to date?
Yes.
>Yeah but how about -literallyanythingelsethatpopsintoyourmind-?

Again, I'm not going through this. Good luck.

You're not even trying any more

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because shit like this happens (literally yesterday) you dumb nigger. No one is going to process trillions of dollars of banking transactions, derivatives. stocks, any other sensitive information like medical...directly, unsecured, unencrypted, to an attack-able oracle. Dumb nigger.

cryptonewsz.com/synthetix-platform-loses-37-million-of-synthetic-ether-in-oracle-attack/27970/

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I was gonna say somewhere around may or June, but yeah, one of us is definitely closer than OP. Either way, praise hosanna

You are aware the APIs can be fully encrypted without ever using any blockchain middleware which would slow shit down massively by the way

11.5 billion dollars lost, or pay .000000000000000010 LINK for a guaranteed, insured/"backed", secure API query, conveniently passed to your blockchain...because this isnt 2003 anymore grandpa, everyone is adopting.

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and all it takes is the source of your kikeish trickery of avoiding the knee bend being compromised...and you're out 11.5 billion dollars.

Pay up faggot, maybe even sell your pajeet coins to cover it. Or stop being a redditing BBC cuckold and buy-in sub 100.

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They're choosing 50 startups to sell their API data to Oracles' customers, which happens to be a large throughput of cash

I have my stack of exactly 2001 linkies. I'm so scared for my future comfort me bros

Just hold until 1000$ USD and then enjoy life fren.

and if you look at eth charts it will go to 10k next, more the reason to never sell your links

here boomer faggot. from da yahoos so you know it's legit.

stop asking to be hand-fed like a 80 iq gibs/"refugee".

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finance.yahoo.com/news/oracle-taps-blockchain-introduce-revenue-150700035.html

you don't know how oracles work and what the point of using them for API queries are.
the guy you're replying to is right. the only reason to query chainlink nodes is if you're in an information island environment (like a blockchain) that can't natively query APIs. Any other use case for querying APIs is more secure, efficient and less expensive if you cut out the chainlink middleware.

Hell, if the APIs themselves montized API queries from themselves directly into the informational island, there's be no point to chainlink for querying that API. Some of them will, likely first via their own chainlink nodes then later via smart contract based API query marketplaces on the blockchain.

What is the short term target price you guys think Link will hit?
$4
$10?

10 bigmacs

I’m selling it all the second we hit $3

not going to make it

How many links for a double blowjob? One mouth on balls, one mouth on tip.

Group consensus you FUDing faggot.

Although I appreciate the "LINK is only good on blockchain, also API's are going to monetize info using smartcontractTM (which require link) on blockchain... someday"

Synthetix doesnt already use a private super elite backdoor secret API? They already announced they're going to be a customer of CL...any guesses as to why? Hint: it involves them not losing 11.5 billion dollars, because of LINK.

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.5 each, unironically

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im getting XRP 2018 january vibes.

after over a year of bull market of link, i wouldn't be suprised if we start +1year bear market in link and dip to like 0.4$