.
most day traders would say its very healthy to take some profits off the table.
Personally Ive got zero intentions of profit taking till we see $50 USD
Likely some point in 2020. :0corn
ChainLink is getting really close.
- Thread starter tulah
- Start date
.
most day traders would say its very healthy to take some profits off the table.
Personally Ive got zero intentions of profit taking till we see $50 USD
Likely some point in 2020. :0corn
Here is a good read.
Very bullish explanation on PSD2 and the position ChainLink is in
https://m.imgur.com/a/bklfSCi
Very bullish explanation on PSD2 and the position ChainLink is in
https://m.imgur.com/a/bklfSCi
John Wolpert the co-founder of IBM Blockchain s a LINK investor.
He mentions running a oracle node. The network effects will be the catapult.
https://mobile.twitter.com/jwolpert/status/1148069954463440897
Once the node frenzy begins
opcorn2.
He mentions running a oracle node. The network effects will be the catapult.
https://mobile.twitter.com/jwolpert/status/1148069954463440897
Once the node frenzy begins
opcorn2.
Not written by me.
Copy pasta from /biz/
The tokenomics of the LINK token.
1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.
2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.
3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink
In general, the purpose of Chainlink is a network that incentives truthful data provided by individuals running LINK nodes (aka known as mining 2.0) while also providing compensation to smartcontracts just in case false data was used to trigger an agreement.
So, price rises not only to meet the insured needs of smartcontracts but also because LINK node miners (mining 2.0) are making money providing this service. Also, the bigger the smartcontract economy becomes the demand for high value LINK nodes follow. pushing $LINK price
Interestingly the tokenomics makes LINK a measure of value to the data being transferred in the network
The more data the higher the LINK price becomes
The more valued data the higher the LINK price becomes
In real world applications Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1 million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do, if they. The Chainlink network is genius like that.
There is infinite amount of collateral available because the token price can rise to meet it.
Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.
Regarding the network effect of oracles and the price assumption along with the stability of the smart contract economy.
The more LINK staked in the nodes, the more profit one can make running that node.
The more LINK staked in the nodes the bigger the smartcontract economy can become.
The more LINK staked in the nodes the more stable the network/connectivity becomes.
Finally
The more LINK staked in nodes the higher the price becomes.
We are witnessing something really special. The birth of the HTTP equivalent in Crypto.
People need to understand, there is no equivalent and the more oracle networks that try to complete the less efficient the system becomes. Its like saying we have two Internets to use and people have to choose one of them for one site and the other internet for another site. Chainlink has become the standard and everyone will use it.
The only comparable investment to LINK is when BTC or ETH first came about. Decentralized digital currency, Decentralized smartcontracts and now Decentralized oracle network. This trifecta will lead us into the next economic boom.
for those still not understanding how smart contracts are the future and stuck in the digital money aspect of crypto. Let me break it down
Bitcoin is a peer to peer digital cash system with no central controlling party. Bitcoin was the first working, rudimentary version of what is often referred to as a "smart contract".
A smart contract is a deterministic computer protocol that digitally enforces a transaction between two parties. In the case of Bitcoin, I send you one bitcoin, The network confirms the transactions through the use of a ledger that is distributed amongst a number of nodes, the transaction is made valid and you receive your bitcoin.
The idea behind Ethereum is taking the function of a smart contract, and adding certain business logic behind it. For example, I send you 1 Ethereum and in return I receive 300 BAT erc20 tokens. This is dandy because now instead of only having the function of transacting a single coin, I have the ability to send and receive funds from a transaction that is programmable to a degree of logic.
In the current form, Ethereum smart contracts are limited to data that exists on-chain. If you wanted to send 1 ETH depending on, for example, the outcome of a baseball game, then you would need to use an "oracle" to provide the outside data onto your smart contract.
With Chainlink, contract creators pull outside data from multiple sources through the use of decentralized oracles in order to maintain a level of security and trust that is promised with these tamper-proof, highly deterministic contracts. It is the next evolution of Smart Contracts. A needed network in order for mass adoption to happen.
The crypto space is leaving digital currency behind and moving toward a B2B solution that will change our world much like the internet has.
If you don't have a bag of Chainlink yet....The ride has just started.
Copy pasta from /biz/
The tokenomics of the LINK token.
1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.
2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.
3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink
In general, the purpose of Chainlink is a network that incentives truthful data provided by individuals running LINK nodes (aka known as mining 2.0) while also providing compensation to smartcontracts just in case false data was used to trigger an agreement.
So, price rises not only to meet the insured needs of smartcontracts but also because LINK node miners (mining 2.0) are making money providing this service. Also, the bigger the smartcontract economy becomes the demand for high value LINK nodes follow. pushing $LINK price
Interestingly the tokenomics makes LINK a measure of value to the data being transferred in the network
The more data the higher the LINK price becomes
The more valued data the higher the LINK price becomes
In real world applications Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1 million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do, if they. The Chainlink network is genius like that.
There is infinite amount of collateral available because the token price can rise to meet it.
Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.
Regarding the network effect of oracles and the price assumption along with the stability of the smart contract economy.
The more LINK staked in the nodes, the more profit one can make running that node.
The more LINK staked in the nodes the bigger the smartcontract economy can become.
The more LINK staked in the nodes the more stable the network/connectivity becomes.
Finally
The more LINK staked in nodes the higher the price becomes.
We are witnessing something really special. The birth of the HTTP equivalent in Crypto.
People need to understand, there is no equivalent and the more oracle networks that try to complete the less efficient the system becomes. Its like saying we have two Internets to use and people have to choose one of them for one site and the other internet for another site. Chainlink has become the standard and everyone will use it.
The only comparable investment to LINK is when BTC or ETH first came about. Decentralized digital currency, Decentralized smartcontracts and now Decentralized oracle network. This trifecta will lead us into the next economic boom.
for those still not understanding how smart contracts are the future and stuck in the digital money aspect of crypto. Let me break it down
Bitcoin is a peer to peer digital cash system with no central controlling party. Bitcoin was the first working, rudimentary version of what is often referred to as a "smart contract".
A smart contract is a deterministic computer protocol that digitally enforces a transaction between two parties. In the case of Bitcoin, I send you one bitcoin, The network confirms the transactions through the use of a ledger that is distributed amongst a number of nodes, the transaction is made valid and you receive your bitcoin.
The idea behind Ethereum is taking the function of a smart contract, and adding certain business logic behind it. For example, I send you 1 Ethereum and in return I receive 300 BAT erc20 tokens. This is dandy because now instead of only having the function of transacting a single coin, I have the ability to send and receive funds from a transaction that is programmable to a degree of logic.
In the current form, Ethereum smart contracts are limited to data that exists on-chain. If you wanted to send 1 ETH depending on, for example, the outcome of a baseball game, then you would need to use an "oracle" to provide the outside data onto your smart contract.
With Chainlink, contract creators pull outside data from multiple sources through the use of decentralized oracles in order to maintain a level of security and trust that is promised with these tamper-proof, highly deterministic contracts. It is the next evolution of Smart Contracts. A needed network in order for mass adoption to happen.
The crypto space is leaving digital currency behind and moving toward a B2B solution that will change our world much like the internet has.
If you don't have a bag of Chainlink yet....The ride has just started.
So I've been looking into it myself and there is a step by step wiki process to buy/transfer that is confusing to an old man without a computer science degree. I gotta buy a hard desktop PC and some kind of specialised USB key and create a wallet somewhere else and buy another crypto first to transfer! Fuck me! Ok so I have XRP on revolut and can transfer to ETH or Bit or Lite but it doesn't offer this link crypto to exchange. If anyone can explain a layman's shortcut it would be appreciated. Does my location matter as my banks are in Canada, England and Gibraltar.
Chainlink is available on Coinbase.
you will need to create a CB account and fund it.
it takes some time to get verified but it is the most direct route.
you can keep LINK stored in any ERC-20 wallet(ETHEREUM Wallet)
you can also keep it on Coinbase.(rumors of nodes on CB too)
Id suggest a hardware wallet like trezor.io roughly $60-$80 , its easy to use , access your crypto anywhere with it through myetherwallet.com. however youll need to use Brave or opera. chrome no longer supports access to hardware wallets.
its a great time to buy.
according to chart TA its hit the bottom
next wave up very soon.
Chainlink will be at Trufflecon 2019 Microsoft conference on 08/02/2019 being held at Microsoft Campus in Redmon Washington.
lots of speculation and breadcrumbs lead to Microsoft Cryplets whitelabel under chainlink.
Dectralized Oracles: Reliably triggering smart contracts using decentralized computation using Truffle. By Thomas Hedges Chainlink integration engineer.
Im very interested to see what awaits at Trufflecon2019. :toast:
WEB3 starts tomorrow.
I think we are in for a nice pump
https://blog.chain.link/web3-oracle-hackernode2019/
3 days of chainlink events and 2 speaking sessions for sergey.
We may touch ATH.opcorn2
I think we are in for a nice pump
https://blog.chain.link/web3-oracle-hackernode2019/
3 days of chainlink events and 2 speaking sessions for sergey.
We may touch ATH.
opcorn2 So far , not really what I was expecting on web3.
More leaned towards nodes and staking was mentioned twice. Im still bullish but wrong about anticipating a announcement. Lots of speculation regarding a Chainlink Enterprise Alliance. I guess we will find out.
Ive still got $10 expectations for chainlink this year and much more over the next few yrs.
More leaned towards nodes and staking was mentioned twice. Im still bullish but wrong about anticipating a announcement. Lots of speculation regarding a Chainlink Enterprise Alliance. I guess we will find out.
Ive still got $10 expectations for chainlink this year and much more over the next few yrs.
hot damn:00hour
https://www.twitch.tv/videos/482730049 start around 17 minute mark.
SWIFT integration incoming. "chainlink swift oracle"
Sept 26 is sibos 2019. POC results from 2017 expected. GPI Link will be unleashed.
sitting around 18k satoshi today.
https://www.twitch.tv/videos/482730049 start around 17 minute mark.
SWIFT integration incoming. "chainlink swift oracle"
Sept 26 is sibos 2019. POC results from 2017 expected. GPI Link will be unleashed.
sitting around 18k satoshi today.
Great info here on who LINK is working with , from integrating the network ,node operators, to data providers,
Check this out for the daily dose of hopium.
https://www.reddit.com/r/LINKTrader/comments/d6uweq/a_list_of_organisations_integrating_chainlink/
Check this out for the daily dose of hopium.
https://www.reddit.com/r/LINKTrader/comments/d6uweq/a_list_of_organisations_integrating_chainlink/
So yesterday was the PoC but nothing has been released as info.
SIBOS has a video catalogue of each session but guess which is not available. The PoC video.
Also currently 1 video is labeled private.
I gotta admit my confidence was shaken some . I expected things moving along more transparent.
Until we know I won?t dismiss it. I?ll keep digging.
A few things to look forward to are Oracle 50 start up , World Economic Forum, SF Blockchain week and the biggest is staking.
Also Coinbase pro NYC has opened Link for trade.
Big stuff IMO and settle lots of SEC issues
SIBOS has a video catalogue of each session but guess which is not available. The PoC video.
Also currently 1 video is labeled private.
I gotta admit my confidence was shaken some . I expected things moving along more transparent.
Until we know I won?t dismiss it. I?ll keep digging.
A few things to look forward to are Oracle 50 start up , World Economic Forum, SF Blockchain week and the biggest is staking.
Also Coinbase pro NYC has opened Link for trade.
Big stuff IMO and settle lots of SEC issues
Still nothing confirmed from SWIFT and feels like swift gpi link is very hush hush still.
Thomas and Reuters are using open law which uses chainlink. Not a direct partnership but still a very relevant role in the works.
We?ve touched ATH in sats twice this week.
Oracle 50 start ups will be announce on the 28th.
The street released a nice article today on LINK
Grading it a A. They?ve got a 700k following on Twitter. I think we can crack 40k sats before November pending on how well the start up news goes.
$10 in 2019 is still in play.
Thomas and Reuters are using open law which uses chainlink. Not a direct partnership but still a very relevant role in the works.
We?ve touched ATH in sats twice this week.
Oracle 50 start ups will be announce on the 28th.
The street released a nice article today on LINK
Grading it a A. They?ve got a 700k following on Twitter. I think we can crack 40k sats before November pending on how well the start up news goes.
$10 in 2019 is still in play.
it?s been a disappointing market . I really felt confident we hit $10 at some point in 2019.
I was way off on the adoption and awareness . Good news is Chainlink has made tremendous steps in both these areas. I still have full confidence in the project. Im 1000% sure we see $10 LINK in 2020.
Full disclosure, I haven?t purchased any more or sold 1 in over a year
Im at the point where I don?t check price anymore and my tax liability will be peanuts .
Rumors of a Chainlink Enterprise Alliance on the brink
100+ projects integrated Chainlink to use as decentralized oracle solution.
Yes ,100 documented real companies crypto and non crypto.
AMD seen in GitHub activity.
CES announcement rumors swirling and is the reason for the pump the last 2 days.
I was way off on the adoption and awareness . Good news is Chainlink has made tremendous steps in both these areas. I still have full confidence in the project. Im 1000% sure we see $10 LINK in 2020.
Full disclosure, I haven?t purchased any more or sold 1 in over a year
Im at the point where I don?t check price anymore and my tax liability will be peanuts .
Rumors of a Chainlink Enterprise Alliance on the brink
100+ projects integrated Chainlink to use as decentralized oracle solution.
Yes ,100 documented real companies crypto and non crypto.
AMD seen in GitHub activity.
CES announcement rumors swirling and is the reason for the pump the last 2 days.
Im in the minority, I don?t think BTC will moon off the halving.
I own BTC but have zero expectations and no intention of selling. I?ll just keep holding for a few more years. We are still early.
Im bullish on LINK , ETH , BTC .
