A final plea

im in captain

Linkies act as if solving the Oracle problem will automatically make Smart contracts useful in all branches of life/economy possibile and it's only this that keeps you from buying a house using a Smart contract
My question to OP (or possibly others) is what are the other obstacles that need to be adressed in order to achieve the widespread use of smart contracts?

And one more question - why did the devs need 32 million $? Surely an office, secretary and a few computers shouldnt cost that much

You're thinking of personal uses which will come later. The vanguard of use will be business transactions in which a simple comparison shows that smart contracts are faster, cheaper and more reliable than existing systems.

>I mean It's a fucking erc20 token for fuck sake
>No it's not. It's a decentralized free market network of nodes.

>By your logic an airplane ticket is "just a fucking piece of paper".

Holy shit thank you

McDonalds fund

Have you read their whitepaper? Have you been to their site?

I'll grant you that yes, communication is bad. But ask yourself this: would you rather have a coin where the dev team is devoting almost all their time and energy in the project, or a coin like fucking Tron, where Justin literally tells people to "keep buying as much Tron as you can"?

the road to riches is not easy but if you send me the Link i will get there

>1000 LINKs

get out of here with your pajeet money, research it yourself, nobody cares because you will have no effect on the market, if you stay poor WE DONT CARE, you can watch us get rich and kill yourself.

youtube.com/watch?v=o1o5o2m6Stg
your fud is mud

Honestly tempted by all the biz shillin, or am I falling for a meme?

Fuck the marines we are ze Waffen-CL now

+ Officer Ranks
- Reichsführer CL : l Sergey Nazarov
- CL-Oberst-Gruppenführer: 500001+ LINK
- CL-Obergruppenführer: 250001-500000 LINK
- CL-Gruppenführer: 175001-250000 LINK

>tfw only 40k link

I'm gonna be haunted for the rest of my life aren't I Veeky Forums

My favourite LINK videos:
This one because it covers partnerships/work with Barclays, Santander, BNP Paribas, SWIFT and talks about bonds/derivatives (QUADRILLION dollar industries) as being the easiest/first to switch over to smart contracts:
fintech.finance/fintech-tv/sibos-2017-sergey-nazarov-smartcontract/

And this because it explains the project so well:
youtube.com/watch?v=kW27zYIxZhY

40k is fuckloads dude. How rich do you want to get? you know it doesnt buy happiness right?

Nice, just sold 200k

>No it's not. It's a decentralized free market network of nodes.
No it's not it's a fucking erc20 token and a whitepaper how can you be so deluded and treat chainlink differently? It's literally no different to every other speculative new project in crypto 99% of them will never come to anything, but just because biz decided to meme this coin to greatness due to the huge amount of presale wallets that we grouped in on (myself included) doesn't change the facts.

Besides there's still literally no reason for this token to hold any value as it stands which is the reason why it's so cheap and if it wasn't for biz it would still be

Specialist reporting in

Read the white paper for the technical description and details.

Also, join the gitter and ask your TECHNICAL questions there: gitter.im/smartcontractkit-chainlink/Lobby
Steve or Hodges usually reply within hours.

If you want semi-technical info, just ask me.

Basically, the network runs on the tokens, which are used for three things:
1) node staking (to help determine priority)
2) contract staking (different nodes "bid" Link on prospective contracts, with the winning node's Link then held in escrow as an insurance)
3) node compensation (the winning node gets the Link he bid back, plus the agreed fee in Link)

As you see, it's a free marketplace of nodes competing with each other.

0xe18F4F6D19ab17ba6f978146fBf13b698407887f

You mean how it'll operate? Basically, once the mainnet comes online, anyone who holds LINK tokens will be able to use them to build a node for the network. The system will be proof of stake, based up on execution of said contract.

>No it's not it's a fucking erc20 token
No it's a decentralized free market network of nodes.

By your logic an airplane ticket is "just a fucking piece of paper".

Lol who gives a shit about trying to convince this goy otherwise, let him stay poor, in 2-3 years he will be hanging.

That first video is baller. Sergey has only ever talked about this shit in the 3rd person, as if he's not specifically talking about his own company being the one moving from PoCs to production in these quadrillion dollar industries.

One presentation or interview he's gonna make that switch to talking about what the fuck smartconract.com has been up to and it's going to be everything we've been waiting for.

What you talking about willis, I was a shrimp among the presale buyers. Also no fud but I'm more of a chainlink can go up to $10 to $20 person so 40k really isn't that much.

>tfw only 11.3k LINK

If you're reading this you have a chance to invest into something huge very early. Banking industry and various DApps will be the first ones to implement blockchain tech and ChainLink is already dealing with the biggest players in both fields SWIFT and zeppelin_os. Buy now and live from link gains from 2019 onwards

lol this guy is trying to kill Link with autism.

powerful strategy

Don't sell at $10-20, you'll regret it desu. Thats like selling ETH at $50-100

Answer my question faggot OP

what I dont understand is why you would beg people to buy link if you believe link has great value. Wouldn't people eventually realize it if link is good shit? or you are a good person who enjoys getting other rich

>Only usecase given for the tokens in the whitepaper is to host nodes, and nodes can still be hosted with 0 chainlink
Actually, there are three main uses for the Link token:

1) node staking (to help determine priority)
2) contract staking (different nodes "bid" Link on prospective contracts, with the winning node's Link then held in escrow as an insurance)
3) node compensation (the winning node gets the Link he bid back, plus the agreed fee in Link)

And yes, you can run nodes with 0 Link being staked on the node itself or on contracts. But that will put you in the bottom tier.
That's the beauty of free markets like the CL network; you get all kinds of performance levels.
You could start out with a zero-Link node, and work your way up to superwhale. Like an RPG.

eth needs to scale is one i can think of. while link can be used for any other platform, eth is still the center of attention, and our best shot for penetrating the mainstream

Exactly, don't fucking buy any, stay poor and regret it. I'd love for you to do that.

im gonna buy 150. see you next january when it's 500 dollars each.

>This coin has such powerful applications
where can l read about it? I need some details

The best idea in the world is worthless without some kind of marketing.

we aren't. please normans stay the fuck out. that's a great part of the anti hype - you don't see sergey on tv like sun hyping his shit, or skateboards with apple logos and deliberately curated partnership rumors. you can go on their website right now and see the work with firms out there - sergey doesn't tout it though.

crypto, like life, is in many ways a meritocracy. if you can't see why CL is a good bet compared to vaporware coins out there you probably don't grasp the underlying fundamentals or importance of crypto, despite kind anons handholding through explanations like the 'how she know when u nut' copypaste...you deserve to miss out.

Where dou you hold your LINKs long term?

If I put £1k into this, DBC and neo when will I be a millionaire?

every time I see a LINK meme in here, I buy put another $100 in it. It better buys me a house.
For fucks sake, I have a finance degree, wtf is wrong with me.

LINK is for enterprises, the neet money on Veeky Forums means fuck all honestly dude. LINK will be pumped and people will still have no clue what it will do. People will use LINK everyday and have no clue its being used. Best way to think of it in the internet of things is like HTTP.

Again deluded and terrible comparison did you even read any of my points? That ticket is for a plane that exists with a flight number scheduled and destination.

A more accurate comparison is plane ticket for a plane that doesn't exist yet (and may never exist) and the destination is still unknown and many other people have already reserved first class seats for free (due to the 350m reserved for free use institutional investors)

Listen I don't hate link and I still hold a little but a lot less than I once did because the actual plebbit style circlejerking that surrounds this coin really fucks me off and I don't think it deserves the shilling and promotion it gets for free here, just think of how many of the newfags joined in december came to this board in december during this alt rush, saw like 8 chainlink threads an hour and invested without knowing what their in for and this whole board just blindly praises chainlink when the devs have done nothing to fucking deserve it, I mean sergey took a fuckign month vacation and hasn't communicated at all since funding 32million and the other developer may as well not fucking exist outside of 2 or 3 comments hes made on github.

I just got into this shit game yesterday. How do I even buy anything? I bought some ETH on Coinbase, but cannot register a user on Coinmarketcap.

I use the Exodus wallet.

The virtual machines of the platforms are not powerful enough. Blockchains can't even handle the transactions so we are far from having the computing power needed to run all the dapps that will come with wider spread usage

stop with this cringe ass shit, literally makes me want to sell my link so I wont have to come to link threads and inevitably see your autism

>finance degree
>buying a scamcoin

Shows how much that degree is worth.

Can people stop explaining LINK to this guy, we just need him to stay poor and watch as LINK gets adopted in many areas. He will continue to argue on why it isn't used until his jobs require him to understand how to program smart-contracts.

>wtf is wrong with me
you fell for the degree meme

Link is going to reach $100 EOY. Stop the FUD.

He already did, but I'll try to: chainlink WILL make smart contracts infinitley more useful. Right now, the vast majority of use cases aren't possible because smart contracts can only be one of two things:

1) Outside of the blockchain
This is useless because there's no way to secure it and make sure it doesn't change

2) Inside the blockchain
This makes it immutable, the problem now is that data cannot be tracked, so they're extremely limited.

After Chainlink comes online, the only other obstacle is simply time. Google the Law of Diffusion of Innovation. We're so early to the table, I don't even think we can be considered innovators. The mainnet isn't even online yet.

Link is indeed the ideal low-threshold blockchain connector for banks and enterprises, yes (top-down implementation).
But at its core, Chainlink is a peer-to-peer contract system (bottom-up implementation).

Smart contracts mean cutting out middlemen like notaries, attorneys, state institutions, and yes, banks.
Imagine a world where mortgages, insurances, savings accounts, ... are run by crowdfunding smart contracts. This is what mainstream smart contracts could lead to.

$1,000,000 by EOY if dubs
$1,000 EOY if not
look at the graph and sergeys beautiful face
LINK cannot fail

So your issue is that the main net isn't up yet?
In that case, wait until the main net is up and then invest.

For me, the whole point of investing in crypto is to be AHEAD of the curve, but you do you.

The airplane ticket analogy is spot on.

I'm trying to point out that it's not a meme. It's your choice whether you buy or not. I just don't want you to miss the option to board the boat.

I have a PhD in crypto economics and mathematics. Crypto incentives in Chainlink are a legitimate concern. I saw Ari Juels speak at a conference recently where he mentioned tokens and asked him about the token economics of a node staking system like the Chainlink network is planning to use. The problem is that node operator incentives are fuzzy at best and not even figured out fully by the team (see the gitter for Steve stuttering about this). When I brought it up to Ari Juels, I told him that in the way the network is expected to be used, the fees payable to node operators would actually decline as requests become more ubiquitous because as the network grows it becomes cheaper to use. This makes sense if you took a few advanced cryptoeconomics courses. Ari admitted that it was a great question but that they were "actively pursuing research in that area." I sold my LINK immediately after that and saw a significant dump on the binance charts. It's pretty clear these guys are pulling you along making you think they're doing something revolutionary when the incentives aren't even fully determined yet.

I posted links to their website. They also have a Reddit page I think.

I know how fkn LINK works stop explaining it to me, I'm saying its going to get adopted like a new programming language gets adopted. Its simply faster and cheaper so people will use it. No need to shill it, no need to market it. You think HTML5 or Python was marketed?

Lmao you convinced me OP

Screencapped for when LINK crosses $5, $10, $20 etc and we all celebrate
We will bathe in nolinker redwojak spam

leave we don't want you here

and some tips for you newbie if you really want to make money buy tron, Verge, ripple and confido.

be glad that you got that much and get the fuck outa here

>I know how fkn LINK works
Then you wouldn't have said "LINK is for enterprises".

>You think HTML5 or Python was marketed?
The products built on them sure as fuck were.

Retard, the LINK erc20 token is the currency you use to use the Chainlink network, which is blockchain agnostic. The network is valuable not the erc20 token by itself. Everytime someone says chainlink is just an erc20 token I know they are clueless morons.

>falling for pasta

More nodes and more clients and a bigger network would increase the demand for tokens though

file name

I'm holding this and other coins until it goes high enough that selling some gives me a nice "crypto experience" to tell, or until it disappears completely.
I don't have real investments in this, bought all with cheap ETH, so zero pressure for me.

I am buying 10k links now

How many linkies do I need to make it?
Is 1000 enough?

5k

What the fuck are you talking about, LINK is for enterprises mainly. What are contracts for now? Now ask yourself who will be the biggest users of these contracts? Enter.Fucking.Prises.

Binance

Registrations are closed but you can get in by referral

goo ( dot ) gl /6Lhy6s
Go to My Orders
Then Register

absolutely but I'm actually being paid to study because I'm not an us fag

Cheers from the communist europe

Holy shit dude, ETH had a working blockchain, tens of thousands of users, revolutionary smart contract platform, 100k lines of code and dozens of devs when you found out about it.

LINK still just has two dudes and a white paper.

What's the problem with declining fees? The price of LINK will rise as the amount of LINK you receive for staking decreases. This is just like proof of work.

Thats exactly my fucking point dickhead, the products that chainlink will make will advertise themselves. Hence no need to market the fucking token.

In the current world, a top-down implementation of CL would be the quickest road to success.
But at its heart, CL is a peer-to-peer contract system that could very well replace the banks and enterprises you're referring to.

Oh my god. You and I are talking about different things. You think I'm saying chainlink is gonna be an enterprise. I'm saying they're gonna replace them by being used by them.

Seems there's an overall "Registration pause". I just get a pop-up asking to wait for an official announcement.

>Hence no need to market the fucking token.
Better tell Sergey to cancel that marketing director, then.

In the end, the more people know about Chainlink, the more potential nodes there will be and the more Link will be reserved for long-term investments and trading.

You try explaining chainlink to normies then. It doesnt fucking work. They can barely understand a smart-contract, let alone blockchain. Just let technology be adopted.

I'm saying CL is much more than "for enterprises".
The enterprise potential is enormous, but the peer-to-peer potential is absolutely gigantic.

That's great man. ETH has a blockchain. So does everyone else now. I couldn't count all the blockchains that exist now and will exist soon: shipchain, vechain, Neo, Eos, iota, omg, etc etc. It's not another blockchain, retard, it's a plug and play middleware that can connect any blockchain smartcontracts to external data with the highest level of decentralized security we know of. It's a first mover in decentralized oracles, not another blockchain, you worthless faggot.

This guy knows what he's talking about. I don't know why but I'm going to give it out to all the newfags here, so... We have the platform which is eth, you can code digital agreements inside blockchain. The virtual machine is not powerful enough to run all these smartcontracts, this is where iExec comes in, buy RLC on bittrex. Blockchains can't connect to outside data or to the off-chain computations done by iExec, this is where chainlink comes in, buy Link on binance. This makes decentralized banking possible, but we need to fund it, this is where Ripio Credit Network comes in, buy RCN on binance. You can add some REQ there as well. All of these are for the long term 2020 and on

so you could just use fiat in place of the token? or am i misunderstanding

>We’re on the verge of completing the cup-and-handle
This is true, however, does the pattern and its implications actually apply if the handle is created by external factors? (ETH eating every coins mcap)

lol, ChainLINK was started by a philosophy major. it has no backing, just some shitty idea.

you better believe that when it corrects, even if i didn't buy, i'll be here 24/7 spreading FUD to make sure no one buys this shitcoin again

OP is a faggot

Binance isn't taking any new users, bittrex isn't taking any new users. Even if this was a shitcoin how does someone new get into this. I'm only holding ETH right now.

I'm selling my link, I can't stand you faggots.

I only had 25k from my 180k presale, I sold most of them off at the sibios pump and run up but i decided I would keep 25k on my ledger because I found the project promising which is the reason i invested in the first place and i held those links all the way down to 1k sats too, I was part of a few of the big pooled biz presale funds last year.

Even if I wanted to buy back in I have no doubt there will be better entry points between now and the future, this pump is literally sibios 2.0 except this time we're just taking advantage of the dumb normie and newfag money that flowed in since december and haven't experienced how brutal links PnD's are or any sort of bear market in general. Regardless even if it doesn't dump every alt is totally inflated right now so there will be better prices.

So long link marines, you guys are fucking deluded and I have a suspicion that a select few Veeky Forums whales with several 100's of thousands from the original pools is what keeps this coin so heavily shilled. Not even a month ago it was common to see 100's of thousand and millions of link traded on the books now it's dry as a desert, completely artificial supply and demand, plenty paper millionaires with no demand to match.

40k is plenty fyi. Pat yourself on the back if you bought below 50 cent, and give yourself a handy if you got it at 15 cent. Whatever about LINK going back to 50 cent, it will NEVER touch 15 cent again.

Aslong as you're not all in you're fine, gotta have 15% in shitcoins to moon to grow your stack, day trading LINK isn't worth it anymore. LINK was probabaly the easiest tradbale coin 2 months ago

You use the Link token instead of fiat for the same reason you give the lady at the gate your airplane ticket instead of a wad of cash.
Just like an airport, the CL network is an independent system that is best served with a native "currency" that holds internal data for quicker processing.