Veeky Forums

would you think if you only need 10% of the tokens for staking and the rest is useless, that this would be a nice price? no.
there is an optimal price ratio, calculator for yourself, dyor then buy / sell / do nothing

>I'll buy into this coin if it becomes something at all.
I bet you think you're a genius investor.

Don't listen to this guy OP. He truly is trying to FUD. You can't calculate how much LINKs you'll get by staking because literally that's not how it works. He either didn't look deep enough to learn about ChainLink or he's trying to deceive you. Plain and simple.

ChainLink without a shadow of a doubt the next stepping stone to the blockchain revolution. BTC was first, Ethereum is second, and now Chainlink. Honestly if you miss out on this you will seriously regret it.

I'm not trying to make you Fomo. It's really simple. ChainLink will be the single data provider to every blockchain in existence. It will literally connect the outside world to the blockchain. How can you not see how revolutionary this is? We can finally bring smart contracts and the power of the blockchain to reality.

It is owned and operated by a two man team living above a nail salon in SF. There are no active updates or communication whatsoever, plenty of coins offer what Chainlink does with bigger, more active teams. Maybe it makes it, it's just not a good bet. I would not own a single chainlink.

I have found that the best way to invest is to simply follow Veeky Forums memes.
Therefore I will not invest in LINK because I don't want to get memed on and be a stinky linky.

Believe it or not, Ripple is actually an underdog here. (((SWIFT))) is an established oligopoly of big-name central bank kikes like JP Morgan and Citi.

Speculating on Ripple is like betting on Rocky in the first Rocky movie. SPOILER: He lost

>I'll buy into this coin if it becomes something at all.
I've always wondered what type of people buy the news at inflated prices; you're the first I've seen in the wild.

Someone has to buy LINK once SWIFT implementation is priced in, I suppose.
Remember this thread when you buy next month.

yah im working in a bank.
they wont drop swift in the next time
they still use 20y old stuff cause switchting is too expensiv

>This shitty typed FUD

Hello my non-white friend.

Another guy that hadms no idea what he's talking about. No product? You can literally use their product on their website RIGHT NOW. It's a little technical so you might not know how to use it. But it's there.

The product was implemented in Ruby to prove that the concept works. They're now implementing it in GO (another programming language).

And by the way, SWIFT has deals with 11k banks and Ripple has deals with a few hundred banks. You do the math.

Besides, even if SWIFT was replaced by Ripple, which is highly doubtful, ChainLinks capability goes so much further that it could be used in every industry in existence and I'm not exaggerating here.

They say, it's not the gold miners that have the most money during the gold rush. It was the people who are selling the shovels. We are those people. ChainLink is the shovel in this story. There is no blockchain in existence or will ever exist that wouldn't want to take advantage of Chainlink. Again, no exaggeration.

1.

Smart contracts are basically pieces of software that can oversee and execute a trade, without any third party having to press the “trade” button. So if we want to trade, say, 1000 LINK for 10 ETH, a smart contract can “look” to see that we have both put up our ends, and when we have, it automatically performs the swap. It’s great because we can never rip each other off (the swap only happens when both sides have fronted) and we don’t need a third party to do the swap for us and take fees.

But smart contracts are limited at the moment because they can only perform swaps for very specific things, and that is, things that are coded in terms the smart contract can understand. For example, an Ethereum smart contract can trade LINK for ETH because it can “see” both of those things on the Ethereum blockchain. But it hits a wall when we want to trade, say, ETH for a concert ticket. The concert ticket isn’t coded in a way that Ethereum can natively understand, so there is no way for the smart contract to know that it is a legit, non-cancellable, version.

This is where oracles come in. An Oracle is a company which has recently appeared in the smart contract space, whose job it is to translate data into a form that a smart contract can understand. So, you could hire an Oracle to program your concert ticket in a form that could be read by the smart contract, so that the smart contract could properly execute a trade when you have fronted the ticket, and they have fronted a couple of ETH.

1/3

nice argument here. why cant linkys provide some real arguments besides memes?
Link price is imo inflated due to memes and deludet linkys buying.
i made a good amount daytrading it and basicaly stealing linky money xD

Here it comes.

2

But there’s a pretty serious problem here. If you’re paying a private company to translate your data into a smart contract readable format, then what’s the point of even using a smart contract in the first place? The whole point was that we didn’t want to have to trust a middleman in order to make our trade, but now we’re using a trusted middleman and both of us have to believe that the Oracle is doing an honest job. The whole reasoning behind using a smart contract is wasted, because if we’re going to be paying private Oracles to translate data, we might as well just pay a private mediator to oversee the trade and take a fee.

This is where ChainLink comes in. ChainLink creates a decentralised network of oracles so that the entire process of smart contract execution is trustless. Instead of trusting a single private oracle to translate the data honestly, we are now using a trustless network of nodes to move information on and off blockchains. This is massive, but to get an idea of how massive, you need to think bigger than concert tickets.

Big business, and I mean pretty much any big business, will love smart contracts. Billions if not trillions of dollars a year are spent on exchanging value, and huge money is paid so that the value is exchanged properly and accountably and fairly. Smart contracts automate the process of value exchange and therefore offer billions and billions and billions in savings to companies that use them. But companies aren’t diving all over them yet because of the problem listed above. If a number of entities want to perform large exchanges of value, but are all using their own private oracles, then the trustless exchange is not achieved and the smart contract is pointless. ChainLink, and ChainLink alone, offers up the possibility of bringing end-to-end trustless smart contracts to the world, and this is a revolution so profound that at this point it is almost impossible to see the future extent of it.

2/3

3

But is ChainLink the project that will do it? You might have been reading FUD about 2 man teams or absentee CEOs or shit like that, but here’s what we know.

The ChainLink team were the only blockchain related team to be invited to present at SIBOS two years running, and in their proof of concept this year they showed that the ChainLink network could automate messaging for certain aspects of SWIFT’s bond processing. Sergey’s EOY announcement mentioned SWIFT by name twice in giving examples of the sort of work that ChainLink could do, and the work that was ongoing. While the market seemed to want to hear the word “partnership”, this was proof of a close and ongoing relationship. SWIFT manages messaging standards for more than 11,000 banks worldwide.

Also, ZeppelinOS recently announced a partnership with ChainLink. ZeppelinOS stands to be the base development layer for future dApps and smart contracts on the EVM (Ethereum network). They provide a standard interface for dApp/SC development and will use ChainLink as their default oracle service. This means that the vast majority of new projects built on Ethereum will use ChainLink in the background without even knowing it.
And this is just the beginning. ChainLink is probably the most profoundly anti-hype project in the crypto space right now. They have said that they will let their partners announce all partnerships, and they just want the tech to speak for itself. If ZeppelinOS and SWIFT aren’t enough, the EOY announcement hinted at ongoing work with everyone from small SC startups to the absolute monsters of finch and insurtech. ChainLink’s demo at SWIFT had data provided by organisations (like Barclays, Santander, BNP Paribas) with literally trillions of dollars in assets.

Read between the lines. Consider the complete absence of hype. Look at the monster information that has come out already. DYOR.

3/3

Sony and Axa
January 2018

Nop. Sorry linkies

Have you ever stopped to think that those of us who get it genuinely don't give a fuck if you do or not?
Your lunch money isn't going to do fuck all for a project of this magnitude.

It's never to late to join the ranks OP.

+ Officer Ranks
- General of ChainLink: General Sergey Nazarov
- General: 500001+ LINK
- Lieutenant General: 250001-500000 LINK
- Major General: 175001-250000 LINK
- Brigadier General: 125001-175000 LINK
- Colonel: 75001-125000 LINK
- Lieutenant Colonel: 50001-75000 LINK
- Major: 35001-50000 LINK
- Captain: 25001-35000 LINK
- First Lieutenant: 20001-25000 LINK
- Second Lieutenant: 15001-20000 LINK
XXX
+ Non-Commissioned Officer Ranks
- Sergeant Major: 10001-15000 LINK
- Master Sergeant: 9001-10000 LINK
- Sergeant First Class: 7501-9000 LINK
- Staff Sergeant: 5001-7500 LINK
- Sergeant: 3501-5000 LINK
XXX
+ Enlisted Ranks
- Corporal: 1501-3500 LINK
- Specialist: 501-1500 LINK
- Private: 1-500 LINK

For those who say "how can two devs bring this revolutionary piece? Why not another team that has more than 10+ could do something like it?"

There is a simple answer to this. How many people start Microsoft? How many people started Google? How many people started Facebook?

In tech, it's not always about the number of devs. It's their about their quality. 1 really good dev can do the work of 10+ other medicore devs in a much better manner and with new ideas that haven't been solved before.

Sergey is not a joke. The guy started a crypto exchange. He's known in the Ethereum community. He owns the website smartcontracts.com. He started working on ChainLink since 2014. One year before Ethereum even started being developed.

ChainLink will connect NEO, to Ethereum, to Bitcoin, to Bank, to Cars, to vending machines, to Visa, to the stock market. The use cases for ChainLink are endless and the savings that smart contracts will bring to institutions and banks are nothing to be mocked. Big Data is an entire field in the tech industry, Google being one of the largest players. Imagine Google making a search engine on a blockchain network and collects data about it's users. How do you think that data will be transported from the blockchain to off the blockchain? ChainLink will be that technology.

This can bring smart contracts to fruition. Imagine smart contracts being used between a company in the US with it's farmers in Thailand for example. Upon transportation of the goods, the smart contract will convert USD payment to Thailand currency and pays the farmer. All automatically. ChainLink will be the way for smart contract to know what the price of USD for example from Forex and the price of Thailand money and executes the output to the wallet of the farmer.

This is revolutionary. Bitcoin came first, then Ethereum, Chainlink is the next Technology that will connect blockchain technologies to real world applications.

isnt this the whale data mining sheme to know how hard they can push their weekly pnd with link?

no, that's just something retarded that stupid people say.

Everyone ready for the $100 EOY prediction to come true?

Not that I'm tracking. I made the ranks after the ICO to bring some meme culture to the LINK community. Is it being used that way?

Give me a quick rundown, as I'm not tracking.

OP your gut is probably telling you something. Follow it.

Also their website dates from 2008, which proves that they have been working since the very beginning of blockchains

This

Look it up, Sergey registered the domain "SmartContract.com" before the first Bitcoin transaction was even sent.

This user is correct, ChainLink is BlockChain agnostic. It can connect with any Chain and will 100% be the defacto standard Oracle network for all of crypto.

When you have something that NEEDS ABSOLUTE TRUST like an Oracle Network for Smart Contracts, it has to be rock fucking solid.

Sergey and co. have been developing since before Ethereum was even completed.