/biz/ - Business & Finance

>>21567251
NEVER FUCKING SELLING

>>20483736
>https://twitter.com/_WhenMoon_/status/1284691375322050566
OHHHHH NO NO NO NOOOOOOOOO BAHAHAHAHAHAHAHAHAHAHAAAA

>>20428297
We are coming for you newfag. We see and know more than you could ever hope to about this project. You will fall like so many others before you.
>>20428659
>>20428670
Fine work marines. Push the advantage and hold the line. Trannies may be inbound.

>>18996791
WE'RE THE LINK MARINES

>>18483802
Everything is going to dump. We, the Link Marines are keep standing strong, though. Nothing can bring us to our knees and force us to drop our bags. Neither crash nor pump can pry open our hands of steel. We are the Link Marines.

We're being attacked!

>>14237582
>The only question is do you trust this man
I TRUST THIS MAN

we are all in this together.

They shall be my finest bag holders, these men who give themselves to me. Like clay I shall mould them and in the furnace of bear markets forge them. They will be of iron will and steely hands. In great armour shall I clad them and with the mightiest guns will they be armed. They will be untouched by plague or disease, no FUD will blight them. They will have tactics, strategies and gains such that no foe can best them in trade . They are my bulwark against the poverty. They are the Defenders of smart contracts . They are my Link Marines and they shall know no fear.

soon

>>11727049
kys, heretic

LINK MARINES, ASSEMBLE RIGHT HERE >>11513197

57k at an avg of .34c Sergey is our Trump card WINNING

>>11257683
Nothing we gonna make it

OpenLaw recently demoed an employment smart contract that could pay someone hourly in ETH. They demoed it so that it could use Chainlink to call the ETH price hourly so that you could, say, earn $20 an hour in the equivalent ETH.

When fiat onramps, stablecoins and atomic swaps get included in this (and that's a when, not an if) you will be able to be paid in stablecoins or in fiat, hourly. The next generation will look back at a time when people got paid weekly or even monthly, as being absolutely archaic.

Then when you factor in that the employment smart contract itself could have a function to transfer the base income tax rate to the government, and you have a completely automated pay system, that automatically pays basic income tax, and that can be triggered by, for example clocking in and out of an IoT device that sends an API trigger that you are "at work" or "not at work".

This is unbelievably massive. This is the beginning of an entirely new era of payment and taxation. There is simply no reason to stick with the "old" system once this smart contract ecosystem is properly up and running, and the efficiencies it provides in terms of accountability, accounting, auditing and taxation are difficult to overstate.

And here's the thing, it didn't even get mentioned, let alone discussed, on this subreddit. People here are still talking about how a mango stand in Guatemala is now accepting BTC. It's honestly baffling.

There has been alot of discussion lately about the need for the LINK token price to be high in order to have enough collateral available for nodes to put up/stake for high value contracts. This makes alot of sense and I am on board with this line of thought. It actually makes the network more secure when the nodes put up alot of collateral since it brings more trust, security, and financial incentives to the network.

However, one anon raised a point about price fluctuations of token affecting the transaction. He said:

“I think the risks of effectively holding an illiquid proprietary token by having your collateral denominated in it will be a problem for customers. How much "more" LINK tokens is enough? The price could go anywhere anytime, especially with the amount of supply out of circulation.

So you think the node operators would offer collateral in fiat, and convert their penalty payment from LINK to fiat for their customers? Then they would be incentivized to hold their collateral in fiat, not LINK, having to work around an awkward system of having to convert their penalty payments into LINK and back to fiat.”

So say I put up a million dollars worth of LINK as collateral but a few months later that is not worth 500k or 1.2M. That is a big difference in price, especially with the crypto market young. Also, some of these contracts might take awhile to play out so a lot can happen over a long period of time, especially in crypto. The affects both the node operators expenses and the smart contract participants demanding a certain fiat amount of collateral in case they get bad data (basically like insurance for them).

Because of this dilemma, there needs to be mechanisms/tools in place whereas the price can be tied down to something so costs and pricing are stable over the length of the contract. I had two ideas about this.

>>10754688
Checked

first luna
then the galaxy

Was talking to someone today whose cousin is high up in with the company SETL, which is a big player in the permissioned blockchain world for real time settlement of payments between big institutions/banks. They have had some large investments from some big players like Deloitte and Citi:
https://news.bitcoin.com/setl-private-network-blockchains/
https://www.coindesk.com/banks-buy-stakes-blockchain-startup-setl/

He said that their main competitor is Digital Asset, which we know is in the IC3 with ChainLink. My question to all of you is what do we know about Digital Asset as compared to SETL? How do their approaches to this problem differ? How are ChainLink and Digital Asset going to cooperate together?

More autism needs to be done here in this company Digital Asset

A golden shine devoted to our primarch will adorn the foyer of my mansion.

>>10273488
Chainlink is the real deal, Mr. McNeal