Just wanted to make a thread because I'm holding a bunch of LINK and it's super comfy right now.
Life right now feels like the last week of school where you're done with finals and everyone's just fucking off playing Quake in the computer lab. It feels like traveling to a remote tropical beach with your best friends and starring out over the ocean at night knowing you have the whole summer, an eternity of good times ahead of you. It's the precipice of bliss. It feels like more than all of this.
I know some of you out there are worried that you don't have enough LINK to "make it" but so long as you've got over 100 you're going to be very comfy a couple years from now. Despite whatever hardships you might be facing I hope you manage to become a little more comfy in everything that you do.
LINK is intrinsically worthless. Node operators can be paid in existing cryptocurrencies. Just look at the testnet right now, it only accepts ETH instead of LINK lmao. It means that ETH can easily be substituted for it, that is, if someone wants to fork the token to accept ETH (an established cryptocurrency instead of some fucking ERC20 token made with a two-man team), LINK is basically useless. That is besides the fact that everything LINK aims to do can be easily done by cryptographically signing the data from the API source. >muh next ETH Link, 5 months in: 35 cents (3.5x ICO) Ethereum, 5 months in: $5.50 (17x ICO)
Somebody needs to ask from rory in slack that is their company name still SmartContract
Jeremiah Green
Who gives a fuck what the company name is? You goombas realise how this works? If they just decided to stop working entirely and fuck off into retirement you would be able to do nothing about it. You have no rights anyway so stop worrying about insignificant shit like company names.
ChainLink is the first project of it's kind whose goal is to provide a decentralized oracle service.
Ethereum is currently worth $1,000 because it offers trustless smart-contracts. Smart-contracts are a way to program the money to do things that's guarenteed. An example would be Bob sends Alice 500 RCN instantly when Alice sends Bob 500 REQ.
But there is a major issue with smart-contracts. Smart-contracts can only access blockchain data. In order to access 3rd party (stock prices, gas prices,weather information, etc) they need an oracle. An oracle is a service that converts 3rd party data into smart-contract usable data. An example would be let's say Bob wanted to make a smart-contract bet with Alice on the outcome of the last superbowl. The oracle that provides the game data would pull the ending score information from Yahoo, Google, NFL.com, etc then send the information to Bob's smart-contract.
The problem here is that the oracle is centralizied, and both Bob and Alice would have to trust this single oracle, which could be hacked, to be providing correct data, and because of that there is no reason to be using a guarenteed trustless smart-contract if the data is not trustless.
This is where ChainLink comes in. ChainLink will offer decentralized oracles that provide trustless data. With this system if Bob and Alice wanted to create that smart-contract they could pull information from multiple LINK nodes, and confirm they are all providing the same accurate data. These LINK nodes themselves could then pull each of their information from Yahoo, Google, NFL, etc. Because the nodes are staked with LINK tokens, if one node is providing incorrect data they would risk losing a portion of their staked tokens. LINK nodes providing correct data will be paid in more LINK tokens.
I hope this explanation clears up what ChainLink does and why it has a massive use case.
ChainLink's testnet was just released and it's mainnet is scheduled to release later this year.
this we need some clarification on what's been going on asap. the smartcontract company name was a major reason of why I bought in the first place and now we're being told they have to change it. wtf
John Reyes
SmartContracts vs Secure Asset Exchange
Don’t you see any difference? This is huge loss for Sergey if he can’t use SmartContract name.
Sergey (PBUH) pray for us now at the hour of our death
Luke Scott
YOU ARE A MANIAC
Carter Gomez
I've only felt this feeling when I was done with elementary school. Watched Batman begins feeling optimistic. Next day flew to Ukraine. I hope you all make it.
Gabriel Thompson
I hope you get diarrhea and don't make it to the street.
Angel Gutierrez
The psd2 is really the nail in the coffin for them
Benjamin Russell
You will make it user.
Nolan Williams
>psd2 The whole reason Europe is moving to new laws is for stuff like smartcontracts. You fags don't know psd2 from playstation 2.
Owen Jones
all these new fucks dont even know what psd2 is......jesus christ. if you sell LINK you deserve to stay poor. like you deserve to wagecuck forever. im 100% serious.
Has anyone asked Rory on Slack or Telegram yet? I know he'll give a generic non-revelatory answer but someone should still put this to him.
Dylan Campbell
I've got 300k JNT and 150k LINK and I am not comfy at all.
Decentralized oracles may turn out to be unnecessary for most use-cases, or it turns out that running a node is like starting a business running any other API, so LINK doesn't moon for five years and I have to wagecuck into my mid thirties.
Maybe Sergey gets hit by a bus.
Maybe Talal gets hit by a bus or Goldman Sachs eats their lunch or Tapscott turns out to be a scammer like his son and somehow ruins Jibrel.
Anything could happen.
Jackson Roberts
>that 30 year old boomer with anxiety about the future
Except it is OTHER Co. Smurt Contracs is fucking dead in the water.
Isaac Gutierrez
QRD on psd2? I don't know squat about open banking
Jaxon Mitchell
Give QRD on psd2? Hard to find anything relevant on Google
Juan Hernandez
After DMOR it Seems to me that the psd2 regulation is a great thing for an API technology like link. Psd2 and Link seem like great bedfellows but I'm a bit of a brainlet so what would I know
Connor Kelly
Checked.
Caleb Richardson
the fuds are so stronk lately i dont think i can take it anymore
FUD is intrinsically worthless. FUD operators can be paid in existing FUD. Just look at the testnet right now, it only accepts FUD instead of FUD lmao. It means that FUD can easily be substituted for it, that is, if someone wants to fork the token to accept FUD (an established FUD instead of some fucking FUD token made with a two-man team), FUD is basically useless. That is besides the fact that everything FUD aims to do can be easily done by FUD signing the data from the FUD source. >muh next FUD FUD, 5 months in: 35 cents (3.5x ICO) FUD, 5 months in: $5.50 (17x ICO)
Parker Reed
I will just leave this here. The idiots fudding that are holding Link make me sick. The morons who have not bought into Link deserve to be poor. Clueless.
You're a fucking butthurt little faggot. Astro finds genuine chainlink news and you piss your pants screeching and crying. Pathetic
Parker Roberts
Let it go... Trolls are just playing with you to invest in chainlink in the first place. The guys who are said to be link shills don't even have a penny invested in crypto. It's a big meme to make fun of people like you.
