Is Chainlink really as revolutionary as Ethereum? Will it have a similar run?

How many dicks did you suck for that level of brain damage? "Only" being a multimillionaire? Sounds pretty good to me. Link is the only smart move in this space.

How do you know? As of today link has no functional decentralization

This op

Do you understand what goes into building functional decentralization? It isn't something that happens over a fucking weekend. Would you rather buy LINK now before it is fully decentralized, or after they achieve decentralization when it is already $100?

ETHplode, user. Deflation is king.

It's a better buy than Ethereum for a whole host of reasons

I don’t know. Do you? Are u a insider or speculator like me?

ETH's run was due in part by it's own use case, the memes, but primarily due to the crypto hype of 2017. Link is rising all on it's own, and when the network is finally live we will slowly rise and rise past 1K over years of network usage. Link holders are already rich it's just a matter of waiting for the network to actually be used now.

There isn't a single project like Link in crypto right now, it's what will make the other shitcoins actually useful. Unlike BTC it doesn't need your money to survive either. Link is in it's own class entirely, my only regret is not going all in before $1 or looking into it despite seeing the memes a year back

I'm not an insider, but I'm also not a brain dead sub-100 IQ degenerate either. If you spent an hour a day doing research into Chainlink, then you'd realize how important a decentralized oracle could be to the entire world. A decentralized oracle could have prevented the 2008 economic crisis by itself. Not only could it have done that, but it would also be saving the banks that caused the crisis billions of $$$.

Haha you shitlinkers are delusional. 1000?? That would be a marketcap bigger than bitcoin.

Chainlink, is for now, a useless & trustless shitcoin hyped too much due their fake partnerships.

>A decentralized oracle could have prevented the 2008 economic crisis by itself.
Explain. This is not one of those statements you can make with nothing backing it up.

I agree with user, decentralized oracle important, got it. Link is currently not decentralized. No one outside of the team know how they will achieve that. So, how do you know it will have a eth like run? I’m a speculator, what about u my fren?

>That would be a marketcap bigger than bitcoin.
Yes exactly
>Chainlink, is for now, a useless & trustless
I know you're all in too user, bored?

Blyth Masters single handedly got credited for the housing bubble of 2008.... we could say she did help cause it

You don't really need chainlink for most applications. There is also always a way to not use chainlink that is cheaper in the long run but a larger upfront cost.

based and I dare say it, redpilled

The oracle problem can be solved by just not using oracles. Linkies don't ever want to mention that though.

blog.ethereum.org/2014/07/22/ethereum-and-oracles/

Serges has always said, you can pay for the amount of decentralization you want to achieve. He had never promised a true decentralized network.

Chainlink is a fucking JSON parser for fucks sake! Don't fap on muh technulugy invented, this fucking techs are NOTHING. Invest in real products made by the technology, not just a piece of code and whitepaper.

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1k is fud. Yes chainlink will be bigger than btc

You know what, instead of telling you to do your own fucking research like I tell everyone else who wants me to spoonfeed them, I'll actually explain it.

>en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis
>Pic Related

>To sell these "mezzanine" tranches, investment bankers pooled them to form another security—known as a collateralized debt obligation (CDO). Though the raw material of these "obligations" was made up of BBB, A−, etc. tranches, the CRAs rated 70% to 80% of the new CDO tranches triple A.

Alright, this is the most basic way to put this. There were a bunch of mortgage-backed securities (MBS). They are derivatives, as they derive their value from an underlying asset. They were created in the 1930's. Originally, they were awesome. You were essentially betting on good solid working people to pay their mortgage. Pretty safe, right? Fast forward 60 years. All of the "reliable" mortgages are taken. The only ones left are complete fucking garbage, or "sub-prime". These sub-prime MBS's are given low ratings. Low ratings = more risk and less investors. So what did they do? They pooled all of these garbage fucking MBS's together and slapped better ratings on them. Diversification decreases risk right? In this case, fuck no, it decreased nothing. These securities were bought and bought and bought and no one would ever think it would stop. Hell, why would you stop, the securities have extremely high ratings, right? You see where this is going.

Now here comes chainlink with motherfucking smart contract technology. Oh, your security is made up of a bunch of garbage MBS's? Well shit, the smart contract just went off and gave it a pajeet rating. No fucking fraud, no bullshit, and no one has to be trusted to give an accurate rating.

Yes, there were more that went into 2008, but this was a HUGE part of it. Go watch the movie "The Big Short". It's surprisingly accurate.

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Look at the got damn suply. The amout of buyers to even reach Eth level is a far stretch. link Will have its run but not close to Eth range

yes
no, it needs scam icos on it for a similar run

>2014
They didn't even have proof of stake back then, of course they need all the help they could get.

ETH is fucking monopoly money. If Chainlink is successful, it is going to change the way the entire global economy works.

Sure, if you want to trust a single party to give you accurate data, then by all means don't use a decentralized oracle.

>Pay for insurance on a flight, if it's delayed you get money
>Flight is delayed
>Call the insurance people up
>"sorry user, it shows here that your flight was on time"
Now you're sitting at the fucking airport boarding your plane after being on hold for thirty minutes wishing you wouldn't have trusted some fucking jew squad to pay you what they "promised".

So if we captured 0.1% of the market are we talking about $100?

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We wouldn't be "capturing" anything. LINK is not a derivative. LINK is not a security. LINK is a token that is used to power a decentralized oracle. Every single time someone utilizes the chainlink network, they will have to pay the node operators in LINK. Now imagine if LINK was being paid every single time one of those derivatives in that $542.4 Trillion was traded. That's a lot of fucking LINK that needs to be paid, right? Well, there simply aren't enough LINK to go around for that amount of requests, therefore LINK increases in value as it becomes harder and harder to find and use as payment to node operators.

and before one of you seething trannies tries to tell me that this isn't how it works, I'd like to kindly remind you all to use your fucking brains and read the whitepaper.

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Eth is a database, nodes validate transactions
Chainlink is a data marketplace, nodes sell data

Imma gonna need you to sauce that comment broseph

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This thread reeks of cope and hopium.

When I said captured, that’s what i meant. I’m brain dead early in the mornings, my bad.

Aside from that, Google is working on a BigQuery-backed derivative Exchange and if (99% sure they will) they end up using chainlink nodes to pull data, Link will explode. That’s without examining the rest of Chainlinks use’s.

Can decentralized oracles save baby killing from Bitcoin Core?

Yeah yeah fuck off shit cunt

that sounds utterly gay and useless. sorry.

>BitCoin Core
I've still never seen any exchange hosting this "Core".

>Do you understand what goes into building functional decentralization

Idk bro Bitcoin was functionally decentralized within a few months while your shitcoin has been nothing but pure speculation and news that leads to nothing for two years

Pretty sure the top 1% of bitcoin owns 30+%

This

>top 1% owns only 30%
miles better than fiat
bullish

What makes Ethereum revolutionary is the smart contracts: automated programmable transactions.
They were invented in the 90s, so ETH didn't come up with them.
However, ETH was the first instance of actual smart contracts being implemented, albeit within a very limited scope: its own blockchain.

Chainlink is the key to making ETH's smart contracts applicable to real-world transactions.
So when it comes to real-world transactions (i.e. the real money shot), ETH without Chainlink is as useless as a crypto wallet without its private key.

The issue with Bitcoin is, all it is, is currently the most secure DLT with the greatest name recognition. First is not set in stone, second can be a rope. Actually pretty bearish on BTC as for now, if the next crypto "hype" will not be again a marketing "bubble" like 2017, but a tech "bubble"

And as for the question "will it have a similar run"; consider this:
ETH did an incredible run even though all it could really do was smart contracts within its own blockchain.
Now imagine what will happen to the key that allows for smart contracts in the world of mainstream finance.

No and no. The top is in

Same issue as with BTC, currently most secure with highest name recognition. The tech is meh, Solicity is ultra meh, and in a world where corporations dictate the way things go, I see a permission smart contract platform taking the lead, HL fabric is very nice and has better backing than ETH, let alone that those that cooperate with ETH are using the tech, but in there own way without ETH (have a look at E&Y github for smart contracts)

This is absolutely correct
but the difference between what chainlink currently is, what what you want it to be in your fanfic, is so large, I'm gonna have to sign you up to a mental ward.

>No one outside of the team know how they will achieve that.
Quit playing dumb you fucking retard.

If it isn't, I will barely have lost a few grand. If it is, it will make me millions.

Don't trip over dollars to make pennies.

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Ethereum gave roughly 100000% return rates when it hit 1k.

That means you could have made 1M USD with just 1k of investment. A lot of people made millions with ETH and left, A LOT.

That will never happen again, ever. Sorry.

Crypto broke absolutely all the rules of logic and economics in 2017, if you think this will happen again you don't even understand how the world works because you are just too stupid.

Even if what you say about "industry users will use their own permissioned blockchains" is true; they'd still need trustless oracles.

But, to be honest, I think permissioned blockchains may disappear in the near future.
For example: coindesk.com/ibm-blockchain-maersk-shipping-struggling
Turns out that if you know the other people on the blockchain, you end up not trusting them.

Then again, permissioned blockchains may be the future.
Or a combination of permissioned and public.

Either way, doesn't matter for Chainlink.

You should go back and have a look at the 2016/17 "bubble" again and how it came. It was a combination of CME insider trading, millions thrown at marketing campaigns to fool retail traders and consumers and illegal capital raises by scam token devs, who would without icos never had gotten a dollar. The latter has been closed by financial authorities, the second died with the legal loopholes being closed and the first is probably the dead of bitcoin. If ETH should ever be traded on something like CME, good night sweet prince

Two years ? Only token was available for two years. Mainnet is live one month and 10 days.

>they'd still need trustless oracles.
no my child
they'll need permissioned oracles
to correspond with the permissoned blockchains

>Ethereum gave roughly 100,000% return rates when it hit 1k.
3,000 actually.
ICO price was roughly 0.35 USD; and 1k dividided by 0.35 is roughly 3,000.

The rest of your post is garbage too.
Also nice Reddit spacing.

>Does it matter for Chainlink?
No, that is why I changed from 75% LINK to 100% when it crossed 1.5 2 years before I expected it

Ok, "permissioned" oracles.
But they're not going to be making their own for every use case (see Corda using an XRP oracle made by Ripple in 2014), plus you need the same level of oracle security across the various participants in a transaction.

That's where the industry standard in oracles comes in.

sure, whatever you say, but a permissioned oracle, even using chainlink software, will use permissioned LINK (or be free as it's permissioned and they can settle payment off chain) that they can print out of thin air, on their permissioned blockchain.

>if something increases from $1 to $2 it yields a return rate of 2/1 = 2%

You don't even know how to calculate a simple percentage change, but I guess that's a requirement for being a link bagholder.

Wow, this market or actually full of retards lmao

ICO bubble is just happening, so ETH has a long way down and it's dragging EVERY ICO IN EXISTENCE with it.

ONLY A DEGENERATE WOULD COMPARE A BABBLING OF A FAT SLAV FUCK WITH A RUNNING BUT OBSOLETE FAILED BLOCK-CHAIN OF A THIN SLAV FUCK

Fuck off Rakesh

>coindesk.com/ibm-blockchain-maersk-shipping-struggling
Thanks for the link, and interesting point raised, but I think the article already points out how it will be tackled, advisory boards and equal shares on the IP. Kind of a SWIFT for different DLs - or if looking at what the IMF has in mind, a world wide DLT standard, which will cetrainly not be Bitcoin. It is still so fucking early.

Just market sold. No way I’m investing in a project that attracts this level of brainlet

I read the % as multiplication because the numbers were so retarded.
Because if he meant % it's very wrong.
From .35 to 1k is an increase of nearly 300,000%, not 100,000%.

>You don't even know how to calculate a simple percentage change
Says the retard who thinks 0.35 + 100,000% = 1,000.

Not priced in. The crypto community is so dumbly unaware of what is happening here

>I think the article already points out how it will be tackled, advisory boards and equal shares on the IP
The basic problem persists, no matter how many bandaids they slap on it.

But again: permissioned blockchains may very well be the future, in whatever capacity.
Doesn't matter to Chainlink.

This link $10,000 EOM

>ICO bubble is just happening, so ETH has a long way down and it's dragging EVERY ICO IN EXISTENCE with it.
What the fuck are you yapping about.
Tons of ICOs have already gone -99%.

>a permissioned oracle, even using chainlink software, will use permissioned LINK (or be free
Even if what you say is true (which it isn't, see pic); major players using Link in any capacity will have a massive marketing effect.
Same reason athletes get their shoes for free.

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Damn you guys are fucking delusional

That's what they called bitcoin holders in 2010

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When did I say 0,35 USD? lmao

I was obviously thinking 1 USD to 1k USD for simplicity you dumb retard, holy shit.
I'm done wasting my time with such mentally disabled fucks like you. No wonder you hold link.

>0.35 + 100000% = 1,000

Ask me how I know you never went to high school.

Thank you for the laughs, clown.

>When did I say 0,35 USD? lmao
0.35 was the lowest the ETH price ever was, at ICO.

>I was obviously thinking 1 USD to 1k USD for simplicity
Yeah, you just "decided" to multiply the actual base price by 3 "for simplicity".

Cope with your mistake.

>0.35 + 100000% = 1,000
>Ask me how I know you never went to high school.

That was you.

>ICO bubble is just happening
Wakey wakey it is 2019, most ICOs are dead, the devs are funding their legal advisers to not end up executed or jailed for 25 years. 99.98% were scams and yes, eth will be dragged down with them and might probably go into history as the scam enabler par excellence
Wouldn't be the first time such an issue would be bandaided, but I see a IMF DLT standard in the next 5 years as the more probable solution and yes, LINK doesn't care, LINK is light years ahead of what we will see in the field in the next decade.

No you.

Time to HAVE SEX

already giving up frendo

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>he doesn't believe in meme magic
You're never gonna make it.

Don't know user. I've made 5 figures from the ethfinex badge TCR they run. Challenging and as a juror. Shit was $$$

People who don't understand why Link needs ETH and why ETH needs a bigger markcap than Link to accommodate this don't understand either project.

>LINK needs ETH

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No and no
The only reason you retards consider Chainlink to be "revolutionary" is because of the stuff Ethereum is able to accomplish. Smart contracts. Connecting banks and payments systems. Google, Microsoft, etc. Tons of other applications, including but not limited to every other crypto project.

Chainlink is only impressive in that it allows these revolutionary platforms such as Ethereum to communicate with external data. A feature that should have been included from the beginning, and will already be implemented in more mature smart contract platforms as time goes on, making Chainlink obsolete.

Go on then, which platform will replace ETH? Or do you not understand why Link needs to be on a platform with a market cap bigger than it to function securely?

absolutely awful fud

Ethereum is only impressive in that it allows these revolutionary platforms such as BTC to work with smart contracts. A feature that should have been included from the beginning, and will already be implemented in more mature blockchain platforms as time goes on, making Ethereum obsolete.

this.is.it.

>LINK needs a platform with a higher market cap
Retard. LINK needs a DLT, which one doesn't matter. Can be a permission DLT, most probable case, an open with better specs and less bullshit surrounding it like eth has it, or multiple

it says im the white paper link should cost no more then a cup of coffe. i can see it peak as a 10 dollar max within the next year/s
i firmly belive bnb might be the next etherium tho.

I wan my 2018 Fudders back, the new ones are dog shit