CHAINLINK GENERAL - SIBOS SOON EDITION

pastebin.com/6xcsc2jR
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Just incase you're really new, or think that Crypto is a tulip bubble:
youtube.com/watch?v=YIVAluSL9SU - The real value of bitcoin and crypto currency technology - The Blockchain explained
youtube.com/watch?v=G3psxs3gyf8 - 19 Industries The Blockchain Will Disrupt
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CHAINLINK VIDEOS:
youtube.com/watch?v=MfH1B85YyFU - Sergey Q&A
youtube.com/watch?v=1nmLU284fIk -Interview when he was NXT Secure Asset Exchange CEO, talking about Smart Contracts (2014)
youtube.com/watch?time_continue=16&v=nMlpTgxKtAY - A technical overview of ChainLink, the decentralized oracle platform.
youtube.com/watch?v=ytv8U0bejPA - Ethereum Enthusiasts NYC: SmartContracts.com and Oracles
youtube.com/watch?v=AfJiRsYpgyc -Smart Contracts in Business: Sergey Nazarov
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LINKS: (That won't steal your links)
github.com/smartcontractkit/chainlink -the github
chainlink-docs.smartcontract.com/#installation -The ChainLink API documentation.
link.smartcontract.com/whitepaper -Whitepaper (Duh)
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Additional Information:
Ari Juels is a faculty member at the Jacobs Institute at Cornell Tech. He co-authored
this work in his separate capacity as an advisor to SmartContract ChainLink Ltd., in
which he has a financial interest. In 2004, MIT’s Technology Review Magazine named Dr. Juels one of the world’s top 100 technology innovators under the age of 35. Computerworld honored him in its “40 Under 40” list of young industry leaders in 2007. He has received other distinctions, but sadly no recent ones acknowledging his youth. - (arijuels.com/)

Other urls found in this thread:

image.slidesharecdn.com/worldeconomicforumtippingpoint2015blockchain41-170330211144/95/world-economic-forum-tipping-points-report-1-638.jpg?cb=1490908469)
create.smartcontract.com/#/contracts/cc3ea3c76b5a60f171e0eaf223146f34?tab=info)
gartner.com/doc/3698947/cool-vendors-blockchain-applications-)
slideshare.net/slideshow/embed_code/key/HJglipax9KmMPx)
swift.com/node/39911
febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf
en.m.wikipedia.org/wiki/Capgemini
www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24
youtube.com/watch?v=1SX0buv4bCc
huffingtonpost.com/entry/3-cryptocurrencies-to-keep-an-eye-on-that-are-not-bitcoin_us_59d22c36e4b034ae778d4c32
confido.io/
twitter.com/NSFWRedditImage

Chainlink was selected by the World Economic Forum's Tipping Point report as the "Shift in Action" for Smart Contracts, for their work on allowing smart contracts in the Bitcoin network to be automatically triggered by external data. -
(image.slidesharecdn.com/worldeconomicforumtippingpoint2015blockchain41-170330211144/95/world-economic-forum-tipping-points-report-1-638.jpg?cb=1490908469)

Chainlink is partnered with Cornell's IC3, to help launch the first Intel SGX secured link between smart contracts and external data. This more secure way of running an oracle is the future and they're glad to be moving it forward.
- (create.smartcontract.com/#/contracts/cc3ea3c76b5a60f171e0eaf223146f34?tab=info)


Chainlink has been chosen as a 2017 Blockchain Applications Cool Vendor by Gartner. This validates the value that CTOs and CIOs see in our more secure approach to connecting smart contracts with critical external resources. - (gartner.com/doc/3698947/cool-vendors-blockchain-applications-)

Literally the next Ethereum guys.
If you need a message to buy, here it is.

Chainlink is presently working with SWIFT on their own SWIFT Smart Oracle. Allowing smart contracts on various networks to make payments, send governance instructions, and release collateral with over 11,000 banks. - (slideshare.net/slideshow/embed_code/key/HJglipax9KmMPx)

SWIFT's premier blockchain project consists of two main pillars:
1) Distributed Ledger Tech or DLT (basically a blockchain)
2) Smart contracts

Smart contracts are meant to bridge the gap between external data and blockchains.

SWIFT is pretty far along with the first pillar (DLT), but has nothing at all yet for smart contracts; except for Smartcontract.com/Chainlink of course.

The "gpi" thing in OP's pic is a global payments initiative, and the third phase of gpi also involves DLT and related options.
This may very well include Smartcontract.com/Chainlink, of course; but the partnership is still in its infancy.

Selling the new here enjoy the bags

>SWIFT's premier blockchain project consists of two main pillars:
Source: swift.com/node/39911

Very first line of that SWIFT document:
>Distributed Ledger Technology (DLT) and Smart Contracts (SC) promise to transform automation in the financial industry, and are generating huge interest amongst financial institutions and technology providers.

Nicely outlines the two main parts as listed above: (1) DLT and (2) Smart Contracts.


Massive consulting firms like Capgemini are devoting entire reports to smart contracts, specifically mentioning Smartcontract.com (= Chainlink) and Sergey Nazarov by name as the sole smart contract solution that can use external data thanks to oracles.
Source: febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf

Excerpts:
>Sometimes, external inputs such as prices, performance, or other real-world data may be required to process a transaction, and oracle services help smart contracts with inputs such as these.

>Smart contracts will also need to be able to work with trusted external data sources if they are to utilize external information. Smart contracts can achieve this with the help of oracles – programs providing smart contracts with the data they need from the external world or carrying the commands they need to send to other systems. Sergey Nazarov, Cofounder and CEO, smartcontract.com – a startup specializing in building oracles – outlines how connectivity with real-world data will be key.

If you don't know what Capgemini is: en.m.wikipedia.org/wiki/Capgemini

Back in 2015 the World Economic Forum also mentioned smartcontract(s).com by name:www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

I'll trust world-class economic influencers like WEF and Capgemini.

>finished product
>massive business relationships
>enormous marketing opportunity coming up at SIBOS
>sky-high industry interest already, see above
>beastly use case (mainstream fucking smart contracts)

B-b-bb-b-b-but...

>chainlink has -2 devs, would need to hire 2 devs even to have zero staff
>whitepaper is written on a bar towel covered in vomit
>ICO caused 9/11
>roadmap literally goes backwards to 2008 then crashes
>Sergey isn't even real he's a balloon with a face drawn on

Except

Confido has already adopted Chainlink as their oracle
youtube.com/watch?v=1SX0buv4bCc
huffingtonpost.com/entry/3-cryptocurrencies-to-keep-an-eye-on-that-are-not-bitcoin_us_59d22c36e4b034ae778d4c32
confido.io/
""We recently made the switch from Oraclize to Chainlink because of the decentralised aspect of Chainlink. The way we use Chainlink is pretty simple; our smart contracts track packages by using multi-carrier shipping API’s like Easypost and Postmen to view the delivery status of a package. We connect to, and pull data from, these API’s using Chainlink.
Before we made the switch from Oraclize to Chainlink we relied on one single API to serve us the correct data, which simply wasn’t secure enough when dealing with people’s money. Chainlink allowed us to stay decentralised and improve the security of our platform by allowing us to pull data from several API’s.
We are bullish on LINK and hope to accelerate the adoption by using it in our own project. There are so many use cases for LINK, our project is just one of them.""

i just opened a wallet on myetherwallet.. is this address the same to send link and eth right? they both use the same address?

The utter delusion in this thread.

Look at ETH.
What makes it worth the $300 it is today?
Smart contracts
They are revolutionary. Don't know why? Google it. You will find all sorts of uses for them, from Finance, Insurance companies, Airlines, you name it. There is a problem however, which is probably slowing down ETH's growth. Right now, smart contracts on the Ethereum network are limited; it's confined within the blockchain and with data on the blockchain.
Chainlink changes that.
All of those potential uses for Smart Contracts - that's all now a very legitimate possibility now. In the simplest terms, Chainlink allows for external data to inform smart contracts. When you consider the fact that it's decentralised, it gets a whole lot better.
People that keep saying things like "why would banks use chainlink when they can just make their own version" clearly don't understand the fundamentals of this project. Chainlink's goal is not to "be used" like (e.g.) Ripple hopes to achieve.
Chainlink is merely the bridge that enables data which is outside of the Ethereum 'universe', to communicate with it, and thus execute various actions. Thus, it's not unlikely that adopters will use their own private blockchain (biggest reason would be to avoid the market fluctuations in it's value). But - what will they use to get their data, onto the blockchain - whether it be their own token, eth, etc... Chainlink.

1. Eth and smartcontracts. We all know smartcontracts are revolutionary, but their use cases are limited. Smartcontracts are awesome, but they are confined within the blockchain and data on the blockchain. In otherwords, right now smartcontracts are "you send 1 eth and I'll send back 1000 McTokens", and this contract is verifiable/trustless/amazing but its stuck within the universe of Ethereum and the data Ethereum understands

Yes. But I'm not sure whether or not you need ETH in the wallet in order to pay gas.

2. It is possible to use external data to inform these contracts, but right now that process is centralized. This is a problem. Lets say the external data is a transaction of Dollars for ETH. So you send 300$ to bank account X, and then I send one Eth to your address. Right now you either do that through a third party (CoinBase), OTC (LocalBitcoins) or whatever else centrlized system you want to use.

Knocking out that centralization, where you have to trust someone, is THE key to SmartContracts having a real world use case. But how do you get that information -- the fact that the $300 has been sent -- onto the blockchain using data that the smartcontract understands?

3. Oracles. Right now the answer is "hey we can hire Oracle X to do the translation to represent this bank dollar transaction on the blockchain." The "oracle problem" with this is that you are 100% TRUSTING that oracle to act prudently. That they don't tamper with the data. So we can kill coinbase but now we have to trust the oracle instead of coinbase .This is a HUGE problem for Banks who want to get into blockchain but have to trust a centralized oracle to translate data. This Oracle can be hacked, falsified, defrauded, really all the problems that come with centralization.
4. ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract.

Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof.

what the fuck is gas.. ok i need to do some research

Transactions take long enough as it is, sending all this "data" through chainlink is going to be too slow for real world use.
Normies want their money transferred NOW, not 5 hours from now.

...

Hourly reminder that ARK solves 8/9 problems that LINK does (in theory) but has a better team and community behind it

Chainlink is an awesome project that works on any blockchain

retarded. how the fuck does ark solve the oracle problem

So Thats what ChainLink does. ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids.

Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the Oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the Oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases.

you do need some eth in the wallet to get the link back out again, gas is just fees you pay with eth

Essentially, Smart Contracts are flawed because they, by their very nature, can't interact with data outside the blockchain. Oracles are the bridge which allow that to happen, but current oracles are centralized and could possibly manipulate the data they are passing for their own benefit, which causes big companies wanting to implement smart contracts to get cold feet.
Chainlink is a decentralized oracle network, which will allow the oracles on the network to act in a similar manner to how we see bitcoin miners interact with the bitcoin blockchain --- they don't care about what they're processing, they just process it. This allows the trustless and tamperless translation of the data from the source to the smart contract, which opens up a whole world of possibilities. I wrote a couple examples to help open your mind to it:
Securities smart contracts such as bonds . . . You have a Bond which you have a smart contract for which is fed market data through an oracle, calculates the effective interest rate and payment based on the terms of your bond, and processes your dividends through a payment network oracle (SWIFT Payment network)
Insurance smart contracts, which uses data from IoT devices in your home to support claims for insurable events, such as your fire alarm or home security system automatically beginning a claim with the company providing your personal property insurance when one of those events occur.

thanks

You niggers better not be shilling, I went all in on this.

So would this replace something like coinbase?

Trade finance smart contracts. For example, you're a manufacturing company, your automated factory produces plumbuses which are then delivered to your clients via a self driving semi truck company. You have a smart contract in place with the trucking company that smart contract needs to track GPS data on your shipments and compensate you for any delays, it will need to integrate data from supply chain ERP systems, and will need to interact with other smart contracts involved with the international customs shipping to ensure fulfillment of the original smart contract obligations.
Once you start thinking about this stuff, it's simply incredible what we're going to be able to do with it. It's like learning about the "next big thing" 10 years in advance.

Listen very carefully to what I'm about to say.

Ambrosos wants to represent external data (food) on the blockchain.

Walton wants to represent external data (RFID tags) on the blockchain.

Ripple wants to represent external data (financial transactions) on the blockchain.

These use cases are ENTIRELY contained within ChainLink.

ChainLink is the skeleton key that makes all these proects obsolete. It gives every company the building blocks to use oracles that represent ANY data, not just single use cases like food/RFID/financial transactions, however they want.

dumping hard

SELL SELL SELL

no. what the fuck, have you been smoking

Ethereum is a blockchain with advanced scripting language whichallows running of decentralized applications (dapps) and Smart contracts. What are smart contracts? It is a digital contract planted in the Ethereum blockchain. It is a tamper-proof commitment of all participants of the contract. It is used to exchange money, property, shares etc, without a middleman. Ethereum's creator's description of smart contract is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.

Now, how do we get tamper proof, secure data feeds into Ethereums blockchain in order to expand the variety of use cases. How do we get information, external data, about markets, shares, web API feeds, bank payments, back-end systems, retail payments, real life event data or data about other blockchains into the Ethereum blockchain.

The main use of smart contracts in Ethereum today is management of ERC20 tokens, which are a common functionality in most smart contract networks.The current focus on tokens to the exclusion of many other possible applications is due to a lack of adequate oracle services.

Fucking kek brainlet.
Nice larp.

...

I BOUGHT LINK AT .0013 ETH

its .00126 eth right now

:/ wtf i thought it was pumping for sibos?

>shitcoins bow to chainlink
>devs in contact with multinational bankers
>Sergey rumoured to possess psychic abilities
>control the blockchain with an iron fist
>own banks all over the world
>direct descendant of the satoshi royal blood line
>will bankroll the first cities on Mars (Linkdangrad will be be the first city)
>own basically every DNA editing research facility on Earth
>first designer babies will be Chainlink Babies
>both developers said to have 200+ IQ
>ancient Indian scriptures tell of two angels who will descend upon the Earth and will bring an era of enlightenment and unprecedented technological progress with them
>They own Nanobot R&D labs around the world
>You likely have Linkdabots inside you right now
>Seregy is in regular communication with the Archangels Michael and Gabriel, forwarding the word of God to the Orthodox Church
>They learned fluent French in under a week
>Nation states entrust their gold reserves with the Sergey. There's no gold in Ft. Knox, only Chainlink
>The devs are 67 years old, from the space-time reference point of the base human.
>In reality, they are timeless beings existing in all points of time and space from the Chain bang to the end of the universe
>Sergey will guide humanity into a new age of wisdom, peace and love

PROMOTION

Huge sell orders sell or lose it all

I only have a 1000 LINK but it is my sworn duty to inform others either what they have invested their money into or what they are missing out on.

Some of you guys are alright, dont miss this. DYOR, you'll see it to be true.

>1.25 BTC
>Huge

Eth transactions don't take long at all if you're willing to pay like $0.001 fees you cheap indian jew skin flint.

And you have no idea how much time the chainlink oracles will take (not very long unless you select a huge number of oracles to pool) so stop talking like you're knowledgable.

Do you think it's a good idea to cash in some ETH (~30% of portfolio) for LINK (~15% of portfolio) right now? I'm cutting my ETH in half and putting it into LINK, but ETH is finally rising atm and I kinda wanna see it through.

No meme answers pls.

200btc many more preping

Only if they put Supercomputers on every toilet

Chainlink isn't some move money in-and-out for quick gains kind of coin IMHO. It's the kind of thing you want to rest your money in while you just HODL. HODL for a year. HODL for as long as you can. Imagine if this tech takes off, how much it'll be worth.. the bridge, the skeleton key between old paradigm finance and new paradigm finance.

Welcome to becoming New money. Like the original HODL'ers of BTC.

Imagine if you sold your BTC for some small gains when BTC was $300 and it's now at $5X00

The thing I don't understand about this project, like most coins, is why you need the coin part to do all that.

YOU SUPPOSE TO GO UP NOT DOWN!

Anyone posting these class A memes in their telegram?

The ChainLink network utilizes the LINK token to pay ChainLink Node operators
for the retrieval of data from off-chain data feeds, formatting of data into blockchain
readable formats, off-chain computation, and uptime guarantees they provide as operators.
In order for a smart contract on networks like Ethereum to use a ChainLink
node, they will need to pay their chosen ChainLink Node Operator using LINK tokens,
with prices being set by the node operator based on demand for the off-chain resource
their ChainLink provides, and the supply of other similar resources. The LINK token
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.


Their whitepaper is the first peer-reviewed white paper in crypto history

Down is good

Gives you time to buy more

i bought at .0013 eth FUCK WHAT IS GOING ON?

HAHA I should be

Dude I hope it hits the floor sunday/monday from scrubs selling the SIBOS so I can buy up.

I get paid on Sunday

News is being sold how new are you

waits its being sold now? i thought the news was on the 16th?

Sigh I looked at the depth and decided to do it. I'm slightly terrified this coin is gonna get meme'd though. We shall see.

L A M B O
W H E N
?

Dont listen to the fud user

Excellent! Might be a new favorite.

Agreed. I think we could have a dump, but I don't really care to try and time it all. Mass adoption on this one (and so many signs point to that being a potential) would make us filthy rich.

Just fucking HODL HODL HODL.


Check out SONM as well. Their github is very active, great use case, isn't shilled here often but I think it'll be really big down the road. DYOR. Good whitepaper too

reminder people like this want you to hold because they wouldnt be able to pump if they didnt have suckers buying in adn holding

Thanks for the tip. I'm going to look into it.

Why are there so many sell orders?

TA line fags.

Cause i'm not backing it up with FACTS and SOURCES

Reminder that people like this want you to be afraid and sell your lambo tickets too soon so they can scoop them up cheap.

It happened to me. I learned.

Fuck FUDing other people just so you can greedily acquire more