/biz/ - Business & Finance

>>58190905
Yes. That is literally what we've been saying for years.

>>56828585
>he doubted the ONLY identity solution
>he doubted the ONLY project that can actually tokenize RWAs

>>54318358
based meme forker
By the will of Kek and the AllFather the 1 LINK = 1 ID manifestation is destined to take place.

>>53734663
Yes, please ignore Everest.

>>53663388
I skimmed your other shitposts, you got me.

>>53490201
Everest is the only other worthwhile project to Link. Everyone is going to be stunned by regulations.

In the aftermath of users losing multiple billions of dollars on bridges from DeFi and unknown amounts of money laundering passing through those protocols, the wild west days of DeFi are over, and regulators in all major jurisdictions determined that DeFi must implement real compliance — not just a KYC front-end or an NFT that attests to a wallet not being involved in laundering money, DeFi projects need to Make or Buy a full suite of compliance tools, including policies, reporting, risk rating, and monitoring activities. This is a hard pill for many to swallow, but regulators are saying, planning and legislating that DeFi projects’ (DEXes specifically) activities will be regulated. Being blissfully ignorant to whether they are engaged in such activities, or not knowing if they should be registered or licensed, does not preclude DeFi players from having to adhere to these laws — it just means that regulators simply haven’t enforced nor prosecuted them — yet!

However, there is a solution for DeFi projects to adapt and evolve their models without compromising their DeFi tenets of user-control, pseudonymity, and not storing identity information.

>bob

1 LINK = 1 ID

The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

>>50775129
It's chainlink partnered with everest, among other things. Because both are primed as first movers to capture the quadrillion dollar market.

>most promising
How do you not recognize the echo