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Posted on 9/20/18 at 5:09 pm to CE Tiger
FYI I bought 10k LInK when it was 24 cents couple weeks ago. I kind of love you (some homo)
Posted on 9/20/18 at 5:16 pm to Sultan of Swing
Damn you got a better entry than me. I’m hovering around 25.5 cents
Posted on 9/20/18 at 5:19 pm to CE Tiger
Feelsgoodman. I may move some more vet and icx into link. Thanks again
Posted on 9/20/18 at 5:53 pm to CE Tiger
quote:
Nobody biting on my Chainlink shill in the other thread?
I can’t find this post anymore. Can you post again? Friend is interested
This post was edited on 9/20/18 at 5:54 pm
Posted on 9/20/18 at 6:48 pm to Sultan of Swing
Posted on 9/20/18 at 6:49 pm to CE Tiger
Analysis of Chainlink
Basically Chainlink network allows for external data to be brought into smart contracts. Right now a smart contract is basically i do this you do that (send eth to contract address and tokens are sent back) With Chainlink the sky is the limit on smart contracts. The thing about Chainlink is the network is decetralized which is the whole point of blockchain technology. Multiple nodes validate the data apis and this data can be used. Smartcontract owners select chainlink nodes and pay for their data in link tokens. The node also puts up their link tokens as collateral to ensure they are providing correct data. There are other oracles (data providers) out there but they all exist as a central point of failure. The oracle fricks up the whole contract is shite.
The rabbit hole of speculated connections that chainlink has is astounding. From Swift, Salesforce, Microsoft, Docusign, Tesla the use cases for Chainlink are endless and eliminate thousands of shite coins in the space and most shitcoins cant do what they claim without the use of chainlink.
Lately Link has been pumping based on its involvement with The Accord Project and news of a https://medium.com/@OpenLawOfficial/openlaw-teams-with-chainlink-to-bring-real-world-info-to-smart-contracts-4e7a3dac80a8. Sergey was on a panel a few months ago at SXSW presenting on how smartcontracts will get rid of lawyers. He has also presented at SIBOS and did a proof of concept with SWIFT dealing with automated bond payments.
The lore of chainlink right now is seen on biz. Yes the place is a cesspool but these guys do some serious research. From the top execs that can be linked to chainlink based on who they are following on twitter shows that this is a massive project. Many think that this was never supposed to fall into anyone hands other than the financial elite. Binance listed this token when binance was thought to be a chinese scam last october. Presale was ridiculous minimums that were met instantly and ico sold out in minutes. The supply is one billion which 350,000,000 has been sold, 350,000,000 is kept by the team, and 350,000,000 is to be used to incentive node operators and build the network.
this timeline shows what has happened since ico
basically if smartcontracts are to succeed they will need the chainlink network and use of decentralized oracles.
this team is the most antihype team in crypto and have shown that their product will speak for itself.
will the predicted $1000 end of year price happen, probably not. but this will be a top 5 crypto and has plenty of room for growth and gain passive income when all the pieces come together.
quote:
The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain
Basically Chainlink network allows for external data to be brought into smart contracts. Right now a smart contract is basically i do this you do that (send eth to contract address and tokens are sent back) With Chainlink the sky is the limit on smart contracts. The thing about Chainlink is the network is decetralized which is the whole point of blockchain technology. Multiple nodes validate the data apis and this data can be used. Smartcontract owners select chainlink nodes and pay for their data in link tokens. The node also puts up their link tokens as collateral to ensure they are providing correct data. There are other oracles (data providers) out there but they all exist as a central point of failure. The oracle fricks up the whole contract is shite.
The rabbit hole of speculated connections that chainlink has is astounding. From Swift, Salesforce, Microsoft, Docusign, Tesla the use cases for Chainlink are endless and eliminate thousands of shite coins in the space and most shitcoins cant do what they claim without the use of chainlink.
Lately Link has been pumping based on its involvement with The Accord Project and news of a https://medium.com/@OpenLawOfficial/openlaw-teams-with-chainlink-to-bring-real-world-info-to-smart-contracts-4e7a3dac80a8. Sergey was on a panel a few months ago at SXSW presenting on how smartcontracts will get rid of lawyers. He has also presented at SIBOS and did a proof of concept with SWIFT dealing with automated bond payments.
The lore of chainlink right now is seen on biz. Yes the place is a cesspool but these guys do some serious research. From the top execs that can be linked to chainlink based on who they are following on twitter shows that this is a massive project. Many think that this was never supposed to fall into anyone hands other than the financial elite. Binance listed this token when binance was thought to be a chinese scam last october. Presale was ridiculous minimums that were met instantly and ico sold out in minutes. The supply is one billion which 350,000,000 has been sold, 350,000,000 is kept by the team, and 350,000,000 is to be used to incentive node operators and build the network.
this timeline shows what has happened since ico
basically if smartcontracts are to succeed they will need the chainlink network and use of decentralized oracles.
this team is the most antihype team in crypto and have shown that their product will speak for itself.
will the predicted $1000 end of year price happen, probably not. but this will be a top 5 crypto and has plenty of room for growth and gain passive income when all the pieces come together.
Posted on 9/21/18 at 9:28 am to CE Tiger
Might be time to get some Link considering the big drop from yesterday
Posted on 9/21/18 at 9:58 am to CE Tiger
Awesome thanks CE
Posted on 9/23/18 at 6:40 pm to Sultan of Swing
Alright I’m in link now. 34 cents
This post was edited on 9/23/18 at 6:41 pm
Posted on 9/23/18 at 11:30 pm to CE Tiger
Posted on 9/24/18 at 10:35 am to CE Tiger
Have you or has anyone else gotten to use their test net? I can't find much out about what is actually done versus theory.
Posted on 9/24/18 at 1:29 pm to LSUtoOmaha
The testnet is just using the nodes as calls to bring in data to the blockchain. The LinkPool
Node went live on testnet and it allows you stake your link through a smart contract to pool into other nodes and get paid a % of the transaction fee in Link.
If anyone wants to follow my Chainlink shill twitter feel free @CryptoTiger07 I basically retweet all the other link shills lol
Node went live on testnet and it allows you stake your link through a smart contract to pool into other nodes and get paid a % of the transaction fee in Link.
If anyone wants to follow my Chainlink shill twitter feel free @CryptoTiger07 I basically retweet all the other link shills lol
Posted on 9/24/18 at 8:56 pm to CE Tiger
Saw this simplified explanation of Chainlink:
High value smart contracts (e.g. derivatives) need real world data from off-chain in order to execute. You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain. All oracles now are centralized, thereby negating all the advantages that come a decentralized blockchain. Chainlink is the only decentralized oracle project.
The LINK token itself is an ERC20 utility token. Nodes on this decentralized oracle network will be rewarded with it for serving up data to contracts on chain. It will also be staked in nodes for use as collateral/penalty in the case that it feeds a contract bad data.
High value smart contracts (e.g. derivatives) need real world data from off-chain in order to execute. You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain. All oracles now are centralized, thereby negating all the advantages that come a decentralized blockchain. Chainlink is the only decentralized oracle project.
The LINK token itself is an ERC20 utility token. Nodes on this decentralized oracle network will be rewarded with it for serving up data to contracts on chain. It will also be staked in nodes for use as collateral/penalty in the case that it feeds a contract bad data.
Posted on 9/25/18 at 8:46 am to CE Tiger
now 32 cents. I was waiting to see if BTC was done, I think this shite will continue to range for awhile
Posted on 9/25/18 at 11:40 am to RATeamWannabe
Price really doesn’t matter until mainnet and adoption of the network goes live. That said I’ll continue to buy if he it drops below 25 cents
Posted on 9/25/18 at 2:54 pm to CE Tiger
The lore of Chainlink:
Disclaimer I own way too much of this pipedream and am full tin foil at this stage
quote:
Alright, I will explain it once and only once. This token is infested with "clues" and "breadcrumbs" which uncovers some sort of massive conspiracy how a lot of Fortune 500 companies and big industrial tech companies are involved with Chainlink/Smartcontract (the company). The conspiracy implies that one day all if not a vast amount of partnerships will see the light of day and the result will be a massive price increase dubbed as "the singularity". An event in which all LINK will be bought so fast, triggering a spontaneous high demand such that the price skyrockets to 1000$ simply because the nodes used in the network require LINK to operate and there will be a lot of traffic on them therefore having LINK = passive income. HOWEVER. All of this is a conspiracy. There is not ONE single piece of evidence which is actually proven to be true. It's a bit like pizzagate or that Hollywood pedo conspiracy. It all seems so realistic and almost out of this world to NOT be true, yet there is not one single piece of evidence or "smoking gun" ever to be found. So yeah. Buying LINK, is buying into this conspiracy and into a chance of it being true after all. In my personal opinion - not investment advise - if it sounds, squeaks and moves like a duck it probably is a duck. So there must be some sort of truth
Disclaimer I own way too much of this pipedream and am full tin foil at this stage
Posted on 9/26/18 at 8:16 am to CE Tiger
quote:
Disclaimer I own way too much of this pipedream and am full tin foil at this stage
Yes, yes you are
Posted on 9/26/18 at 9:03 am to CE Tiger
quote:
You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain.
I dont understand why this is true. I can base an ethereum smart contract based on real world data right now. I just fetch directly from my smart contract through an api call. I can even setup the contract to allow you to select from various data source options
Posted on 9/26/18 at 9:49 am to oklahogjr
And that api fails or provides crap data your whole contract is screwed.
I still think you need a middle layer (right now all of these are centralized ) and can’t have the smart contract call real-time data but I’m not a programmer
I still think you need a middle layer (right now all of these are centralized ) and can’t have the smart contract call real-time data but I’m not a programmer
This post was edited on 9/26/18 at 9:50 am
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