To the people wondering why anyone would be using chainlink smart contracts and spending link and gas vs just gas.
The current state of affairs is that smart contracts aren't really smart right now. They execute, but that's about it. If a bank were to send those they wouldn't have any historical data with these contracts and have to rely on a third party to keep track. Plus having to redo their infrastructure to utilize whatever blockchain method to send contracts.
The key with chainlink is they can keep their existing infrastructure and send using chainlink as an oracle. Plus on top of it being a smart contract it will carry all the previous data of that contract on the blockchain thus taking the need of an off chain data keeper to keep track of it's history. Conveniences for banks or any thing needing the security and reliability of a decentralized smart contact.
That's the reason swift is having Sergey showcase a live working demo.
HOLY FUCK I WILL GO TTO LAMBOLAND HAHAHA LAMBO HERE I COME
Kevin Reed
And just a reminder that the use case isn't just for Banks. The use is for whatever you need a smart contract for. The off chain data feeds is whatever you want attached to the chainlink Oracle
Zachary Cook
For anyone wanting to join the link ship. I deeply deeply urge you to lookup all the facts YouTube Google articles and whitepaper. Before you buy. Don't buy fomo because then you won't know why you're holding.
Camden Hernandez
There is no advantage to transferring offchain data on a blockchain because the trust problem was never in the transfer.
A blockchain that is not conpletely decentralised is just a database. Using blockchain technology to transfer data between centralised dat sources is way more expensive and slow than centralised transfer and does not make that system any more trustless
People are buying this because they know it will hype with the swift brand attached to it. Swift is either desperate to stay relevant or dumb as fuck
Isaac Mitchell
But this is why link nodes are useful to provide trusted data feeds.
Nolan Harris
you stupid fuck you literally have no idea what LINK is even used for holy shit
Samuel Flores
so I still go to Lamboland?
Benjamin King
It's not just one centralized source its multiple nodes which are paid in link
