0.60 is new floor

0.60 is new floor

No, sir. We just good party tonight, and late droping bags. Any second now, good sir. Sorry, for inconvienence, and happy new yer, sir.

NOOOOOOO

Stable x3 from three weeks ago

The writing was always on the wall

my money still hasn't arrive from coinbase yet...any chance for a dip to 30 cents?

Those who could sell their link to buy something else are doomed
This is a huge chance for us normie don't understand anything of link
This is a dream

lol no, 0.50 minimum

Ok linkfags can someone shill me quickly on this. yes i can do my own research but i want to know why this thing name is being thrown around every day on biz. Is it a cult following?
Any key notes i need to know about this, and also who is this Sergy fag, why so special?

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.

No, sir, no cult. Is very cheap coin. We buy. Make expensive. And we dump. Then buy again. Very simple, sir.

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.

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.

I've learned more from this post then I have the last few days trying to understand this shit. Thanks.

Thanks truly for your words they are precious. Screencaped

Ty mr, how does this compare to Cardano? Are they two completely different technologies?

I feel like there are 20 coins promising this very idea.

No, no absolutely nothing with cardano.
Cardano is approx like ethereum
Link is the birdge between everything it's not a platform. Link is the path to connect everything to smart contracts

Gotcha thanks

A smart contract can be runned on Ethereum, cardano (even if they didn't showed anything yet), NEO, QTUM.
These are the platforms of smart contracts. But you can't create a smart contract on NEO platform to exchange your litecoin against a concert ticket if you don't have chainlink
Simple ?

It's actually disgusting watching everyone disregard Chainlink and chase empty pumps instead. This is the most innovative piece of technology that financial and insurance sectors have all been waiting for and it will actually revolutionize the world and strengthen every industry it touches.

Look at Vitalik, Roger, Justin, and Charlie constantly focusing on publicity stunts, shilling, and talking about the pricing of their coins. Sergey is actually the most reliable leader in the cryptosphere focusing only on his technology and development, no bullshitting with publicity stunts. Only honest answers to honest questions when he gets the chance.

I feel like I'm taking fucking crazy pills watching all of this play out. Etherscan shows that soon 95% of all available circulating LINK will be consolidated into less than 15,000 wallets and that continues to shrink as more people try to chase pumps, they're being shaken into stronger hands. As soon as Sergey's saved up LINK is finally handed over to institutions we'll see the price jump by increments of dollars and it'll be way too for most people by then. This is so fucking ridiculous and scary in showing how stupid most of Veeky Forums actually is.

How come Biz hates Link so much and Sergey

there was a lot of shilling before a conference and its been a board defining meme ever since the conference because it dumped after that