Up 5% while everything crashes. And looking bullish

oh u dev o lish

continue

The amount of pressure the SmartContract / Chainlink team is under is extreme.

There are big players that expect results asap. You are thinking swift, right? Exluding Swift there are other banks, insurance companies, etc. I don't know the other companies off hand and if I did I wouldn't say.

3 very interesting projects that are implementing Chainlink.

Microsoft's Bletchly Cryplets
JPMorgan Quorum
IBM Hyperledger

Its down 5%?

Fuck u on about

> I dont know the other companies off hand
> The other companies are Microsoft, JPMorgan, and IBM

What gives value to the token? Can't someone just copy paste the code? There is no value in the token, it's only an incentive to a run a node. The code can be copied, a better company could take it and improve it. The token is not linked close enough to the code to be worth the purchase. Prove me wrong.

I've been thinking about this as well. how in the fuck are they going to monetize the token? It seems like everyone involved would want it to remain cheap, like REQ, except for the dev team and us?

I don't know the banks and insurance companies...there are some big players that Sergey and co are keeping close to their chest. The others have been provided via Sergey talks, IC3 talks, and whitepapers/research.

>link is up 5% and looking bullish

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Rapid descent to planet .10

Aaaaaaaaaaaaaaaaaaaaaaaaand there it is
Old speculation presented as new info
The hallmark of the dreaded LINKIE LARPER

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the value of the token is not relevant as all the companies will think in dollar terms. With that being said as adoption occurs more and more nodes are going to lock up Link tokens creating scarcity and driving the price higher. The great thing is the price for consumers will not go up as they just think in dollars. For example lets say they spend $1 to to query chainlink nodes. Today this would cost about 3 link. In the future it may cost .03 link but the price to them is still just a dollar.

>y haz 18 decimibles places, durr?
>y how we makee not dumb swap wit puterz?

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Jesus fucking christ, newfags still don't understand sats.

>It seems like everyone involved would want it to remain cheap
The base price of link doesn't matter to a network customer. whether link is $1 or $100000 you just specify the amount you need.
What is a problem is there doesn't seem to be any mechanism to maintain price, other than basic crypto fomo. Which, as we see with etherium, is not reliable.

i thought about this recently. LINK is divisible by whatever amount right? and oraclize charges like a cent per call or something along those lines. this isn't normal staking, like you don't get a percentage of whatever amount you're staking over a period of time. it's fixed in USD amount most likely. so your returns in staking will only grow if the volume of requests increases. how does this affect the price of LINK? well, unless they collude, esp considering that there would be rampant speculation regardless of its actual use case, game theory suggests that there'd be incentive to hoard LINK. nevermind the fact that after hoarding, they, whatever large entities would be interested, can pump LINK's price so that they'd pay less LINK afterwards. if they have 1k LINK, and its current price is $1, they'd have 100k API requests or whatever you call it. if they pump it to $2, they'd then have 200k. that's like incredibly basic shit but i think i'm on the right track regarding token economics. i'd appreciate if someone cares enough to shit on my idea because this was just a superficial thought anyway

Is there any proof it works like that? I know what you describe is similar to REQ but I never saw any outline of how LINK the token works. Yes, I have skimmed the whitepaper. It seems to me Sergey is more interested in solving the oracle problem with code and the tokens use is just some incentive to run a node with no clear link(despite the name ironically) to the code. He talks nonstop about muh contracts and oracles but where is the token in it all? Skimming the whitepaper again, I fail to see where the token comes in.

it does this every April dumbass. nothing to see here. Why don't you go back to eating crayons and glue while we profit off your stupidity.

What is speculation?

Here is proof of Microsoft Bletchly Cryptlets and IC3.

youtu.be/ytv8U0bejPA?t=45m48s

The people who run nodes dictate which version of software to use and what to receive as payment.

NO

hmmm... tig if brue.
bust jought 100k

LINK is an erc677 token (not erc20), which has some technical role in how the network works, so it will be necessary.

There are 18 decimals w/ link similar to req. Companies will think in dollar terms and will not care if its 1.0 link per oracle request or .001 link or even .00001 link.

DESU as a node operator it would be very beneficial to have link be a very low price as main net goes live as it would be a great way to earn link that will exponentially grow in value with adoption.

Link token liquidity providers + dex + payment processor like req = on demand use of link

fun fact. Steve Ellis created ERC677 specifically for Chainlink

github.com/ethereum/EIPs/issues/677

Uh, yes. Suppose Link is forked and there is another token or payment scheme. Node operators have the choice to remain with the original (LINK as payment) or the new one. The network with the most reliable nodes and users will win.

Uh, what? No.
Also, I'm sorry user but req is a funding token ie. a donation to the devs

big if true

Any specific info? This the problem. You literally don't even know what you're buying. I see nothing on how the token is used which should be the number one thing. Where in the whitepaper or anywhere is a section outlining the tokens role? We just have to assume the token is useful, which it probably will be, but to what extent is unknown.

its true. Also I know of another product/insurance company that will use chainlink if you guys really want to be spoonfed

A glistening turd in a sea of shit

Axa are not confirmed
sorry my dude I'm not going to do an investment presentation for you. Jow Forumschainlink and youtube are your best bets.

Can you store link in nano s ledge? Just bought One

How do you think the on chain part of the contract is going to work?

not axa...and this one I have already confirmed with the company and once again has never been mentioned. My computer is going to die. I need you guys to promise to spread the news...

Sure. Make it good, linkies only accept the best larpers.

>there will never be a payment processing system that provides neqr instantaneous liquidity between all payment methods

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Kek

he ded

KEK

>sorry my dude I'm not going to do an investment presentation for you
I don't need a fucking investment presentation I just need a fucking paragraph ANYWHERE the describes the tokens role. You idiots bought a fucking token for 30cents+ on code hype and memes, you don't even know how it works yet. Will it burn like REQ? Who even fucking knows.

ok...had to change computers

Still unclear on why this shitcoin should ever moon...

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Anything that can store eth can

>ever parting with your precious linkies

This

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are you that faggot that claimed in some thread that contributors, any contributors get invited to a private slack/gitter where this kind of info is available? and that there's ~30 of you and youre surprised this doesnt leak anywhere?

Most likely is

Yes I am in the private slack. Ok here is the company research away.

Jumpstart Recovery
jumpstartrecovery.com

External event driven insurance company with automatic triggers powered by Chainlink.

Want to paid a certain amount $ based on earthquake size..no problem. Missed a flight, an event canceled etc. This is an insurance company that is built from the ground up based on what Chainlink offers. Look into the founder etc this is the real deal and I figure this company will grow very large.

Oh by the way I already reached out and confirmed they will use Chainlink and check the official chainlink twitter to see who they follow, you may notice a certain company.

link 1k eoy

As far as I remember there was a paragraph in the whitepaper about the tokens being used to transmit data. Be honest user, did you read it all?

post proof that the private slack exists
anything will do

That's actually a new one user, well done.
Looks about as reputable as that Hatletes game thing, but nevertheless.

check the ceo linked and tell me its hashletes level.

linkedin.com/in/stillwellkate

well, the chainlink twitter IS following them. interesting.

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I will not break a promise of confidentiality. Everything I have said is allowed. There is A LOT more I am not in a position to talk about. No I do not have an NDA or have some crazy amount of insider info...just more than a lot of these /biz larps.

I love these connections. Makes me smile and think I'll be set for life in 2 years or so. Thank you user. Thank you Jow Forums. I still can't believe you guys will make me rich.

dump what you can say. At this point everything about chain link has been a larp. even assblaster

Ty bro. Whats your eoy prediction for link price?

>I vaguely remember there was something in the whitepaper that mentioned it....
Thanks for confirming you have no clue what it does.

Imagine living in Southern California and wanting to be paid $5,000 if an earthquake 5.0 or bigger has an epicenter with 30 miles from you. This company will make this a reality. Now imagine that payout being automatically triggered by a Chainlink node providing USGS info. This is just scratching the surface of what this company will offer.

I forgot to add. Sign up for the company updates, follow them on twitter etc but please for gods sake don't blow them up with memes etc. pppleease

Fuck off with this shit meme.

Hm, alright. I can respect that. We'll see in "a few days" if ropsten happens as you said. Thanks for bringing jumpstart to our attention here.

user if you didn't read the whitepaper then fuck off with your lazy ass

I predict that even biz does not realize the amount of adoption chainlink will have by the end of the year.

Do you guys understand why Sergey and co don't even bother answering stupid update questions. This is one of the few blockchain projects working with the biggest players in the fintech and insurance industries.

I hear ya. Tbh its hard to imagine since smartcontract adoption seems far out.

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I haven't read it, and have never acted like I did, could you please just answer the question?

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You're out of your mind if you think Sergey and his team are working with big players in fintech and insurance.

Something else I can say based on the info I provided.

Chainlink will bring new innovations to existing industries. The obvious ones are event driven insurance payments or bond payments etc. Once again, this is just scratching the surface, these are day one products. There will be successful companies that will be created based on what Chainlink offers. Chainlink's decentralized oracles will touch more industries than many can imagine.

I've skimmed the whitepaper, I've also read the blog post "Chainlink, an Overview and Our Focus". Contracts contracts oracles oracles blah blah vlah.
No mention of the token and no one here has provided an answer. Hey, maybe because it doesn't fucking exist. NOBODY KNOWS WHAT THE LINK TOKEN DOES, it could be overpriced at 20cents already. Enjoy bagholding nigger. Maybe I will buy in when, get this crazy idea, they reveal what it is. Hahahaha.

Companies wont be screaming to the world they will be using smart contracts. Someday they will just use it and when the time comes Link will be ready

user, do you know the type of insurance projects Lloyds of London offers?????? So many "event driven" payouts etc.... Just imagine

okay anonymous youre starting to sound like a shill

gtfo out of here. Sergey was invited to SIBOS twice and has already finished phase two of the bond payment poc. for SWIFT

JPMORGAN

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Meanwhile I'm up 17% currently...

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hey user what other breadcrumbs can you offer. I'm down to do some digging tn

There is literally so much going on behind the scenes. Sharing a panel with gonser is a huge indication

>The LINK to-ken is an ERC20 token, with the additional ERC223 “transfer and call” functionality
of transfer(address,uint256,bytes), allowing tokens to be received and processed by
contracts within a single transaction.

So a little bit of functionality, and it gets used in staking and payments. Note the bit about erc20 has changed, it is now its own thjng - erc677

LINK is literally, and I mean 100% here, God-tier crypto.

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find the whole pdf yourself gl anons

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Is that the stupid Boston University paper?

my stinky linkies mmmmm mmmmmmmmm

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user, pretty much this
I am going back and forth with what I can say but here is something that keeps getting overlooked. Chainlink will be a FEATURE within many other projects. For example, as I mentioned above, Microsoft Bletchly Cryptlets is none other than Chainlink. If you need proof check out the video of Sergey admitting they were working on creating Cryptlets and also Jonny Huxtable from Linkpoolio posting on reddit about them using the exact same schema and many other similarities aka its chainlink under a different name....but most importantly using chainlink nodes.

The other companies - JP Morgan Quorum, IBM Hyperledger and others

can you explain why chainlinks price is tied to bitcoin?

still haven't heard a good rebuttal to that