/biz/ - Business & Finance

>>56459729
may i invite you to join us on chainlink.chat, stakechads?

>>25757341
btc and chainstink

>>21314622
shitty bait
wasted dubs

>>20267892
>tfw nulinker and top 3%

Normies are already priced out. One guy at work struggling to get 100 link and another 2 struggling to get 200. They've been buying since Feb. I don't understand how the fuck they are so poor, one of them even said he put his life savings in which was only around $400, the guy is nearly 30. Can anyone explain why they are all so fucking terrible with their financial decisions?

Next week $5 stable coin.

So if you look at the charts yesterday link anticipated a btc uptrend, making it look like btc followed link and not the other way around as usual, what does it mean? No cultist please, only rational replies

>>17671111
checked
fuck swingies
israel has no right to exist

>>17361888
>>17361981
In'sh'allah brother

>>16324058
Gonna make it.

>>16310450
Whats up sirg

>>16187983
Also, check my trips

>>15860111
$

CHECKED

1K EOY

>>15857836
>he doesn't know

>>15835273
if you don't enjoy this endless cycle, /biz/ is not for you

i for one still am amused by the LARP's, especially when newfags fall for it.

I'm 21 from the UK, fucking an escort for the first time tomorrow, what should I expect? I also hold Link.

>He doesn't know

I sold it all at the very beginning of the crash in January to get in some ICO.

my question is:
Am I going to kms EYO? I thought Sergey would've spend it all on BigMacs anyway

Companies have all sorts of contracts for all sorts of things (obviously) but the legal system never works like it's supposed to. Let’s say you agree a contract to sell a table, say, for $20 next week. You give the guy the table but next week he doesn’t pay. Are you really going to take the buyer to court even though he legally owes you the money?

This kind of thing happens on a huge scale between companies. If they do decide to go to court it's expensive and wastes time. Usually, the side who’s owed money settles out of court for much less than they’re owed.

This is where smart contracts come in. Smart contracts are basically code that executes a contract when conditions are met. An example might be “I'll buy $100 of bonds if the base interest rate hits 1%”.

Once agreed, a smart contract will execute as written, no matter what. No one can fuck each other over once the contract is agreed (unless they BOTH agree).

What’s more, the contract is stored on a blockchain and so can’t be interfered with without hacking 51% of the nodes (this is practically impossible).

But there is another attack vector for smart contracts. Returning to the $100 for bonds example above, I could hack the input to the contract to (falsely) tell the contract that the interest rate is now 1%. The smart contract sees this and executes when it's not supposed to. The security of the contract is only as strong as the weakest link, which in this case is the external data input (also called an oracle).

Chainlink (LINK) solves this problem by decentralizing the oracle – i.e. the information that goes into the contract. It means smart contracts can't be triggered by false inputs (i.e. the attack vector I described above) without hacking 51% of the nodes (again, impossible).

And the bond example is just one of millions of use cases.

>>7734074
it aint dumping

check em

>>7695054
33

>>7693390
link moons on monday

check em

>>7680584
>don't tell me you fell for the meme?
"LINK is a meme" is a meme