/biz/ - Business & Finance

[Anonymous No.22070733]

The DECO acquisition is in many ways similar to the Town Crier acquisition. You need to ask why would Chainlink BUY these tools when they could just use them? What is the point in owning TLS access and TEEs instead of just integrating them alongside your solution?
The answer, of course, is that Chainlink is developing a monopoly across the entire "processing and execution" L2 layer. Now if an oracle contender wants customisable TLS access, or TEE processing through Town Crier, they either have to pay Chainlink, or develop their own solution from the ground up. But it goes further than this. Chainlink owning these tools means they can literally control who gets to use them. Another big player wants to get in on the oracle game? Good luck, Chainlink literally owns the ancillary toolkit.

The forethought and monopolistic vision that this represents would be terrifying, if I wasn't all-in LINK already. The challenges of even a major, established contender presenting an alternative oracle solution are increasing monthly. This isn't just Chainlink pulling ahead, it's Chainlink pulling up the ladder behind them.

[Anonymous No.22071014]

>>22070733
salty crackers

[Anonymous No.22071082]

>>22070733
cup of covfefe

[Anonymous No.22071175]

>>22070733
that is some amazing hopium OP but the price is literally unironically dumping as I type this

[Anonymous No.22071218]

>>22070733
>The DECO acquisition is in many ways similar to the Town Crier acquisition.
its called VAPORWARE PROJECT CREATED BY THE SAME PERSON THAT CREATED TOWN CRIER THAT IS ALSO AFFILIATED WITH CHAINLINK.
ITS CALLED EXIT SCAM
GET FUCKED YOU LOW IQ MORON AND ENJOY THE RIDE BACK TO $3

[Anonymous No.22071304]

>>22070733
So much this, venture capitalists, market makers, and every crypto twitter fag that has done 15 minutes of research knows how important this is, which is why the price is breaking new highs RIGHT NOW since they can see the value and are therefore buying everything they can

[Anonymous No.22071325]

THEN RIDDLE ME THIS: WHY THE F**K IS THE PRICE PLUMETTINGGGGGGGGGG!!!!!!!!!!

[Anonymous No.22071363]

>>22070733
yeah, i've said this before and i'll say it again. it's chainlink truly believing that they can be the only solution and all it's doing is slowing down innovation. monopolies in tech don't ever work out because at the end of the day, especially things that exist in code only because there will always be people out there that know how to do this and will provide the same solution to a competitor, either through hiring or just open source.
with more and more interest coming into this space, that's what's really going to happen.
sergey is playing this like he's in the pharma industry, but things don't work like that here.

[Anonymous No.22071375]

>>22071325

[Anonymous No.22071381]

> be Ari Juels
> Tell weird philosophy student about an oracle problem and introduce him to your number cult
> "Remember the 42 and 216 goy"
> Tell him that muh tech can solve this problem
> "You can even put your name on this white paper I wrote, Sergey, I get enough credit"
> "You're a smart man Ari"
> Ask Sergey to put together a team of saps
> he meets Adelyn crying over some spelling contest at a local community college and Steve at the bus stop
> Thomas was a neet whose mom forced him to apply for part time work at the nail salon in front of Chainlink HQ
> Everyone else was (((recruited online organically through JIDF channels)))
> Jonny used to post exclusively on anonymous horse and stable coin forums
> "Here, Sergey, Chainlink will solve all the problems of the oracle"
> "Gee thanks Ari you're the best"
> 32 million solved Ari's oracle problem... at least for awhile
> Ari exploits backdoor in Chainlink code
> Tell Sergey
> Sergey is devastated
> Sergey spams "it's over" threads on /biz/
> "It's okay I have an idea"
> Sell Town Crier solution to Sergey "hey I was just working on this and thought you might like it :^)"
> A few more million solved Ari's oracle problem.... At least for awhile
> Ari exploits TC code through backdoor and informs Sergey
> Sergey is suicidal
> He begins spamming tranny porn on /biz/ in revenge
> "It's okay Sergey I've got a new solution to your oracle problem but we have to include my student in this scam I mean company"
> A few more million solves Ari's and Zhang's oracle problem"
Hook, Line, and Stinker

[Anonymous No.22071518]

>>22070733

You're doing God's work, still trying to bring stragglers on board. Checked, based, and redpilled.

[Anonymous No.22071651]

>>22070733
One thing that really bugs me about these acquisitions is they're still in development. There's a lot more testing and work needed to make these production ready. It seems like Chainlink is featuring these acquisitions to legitimize their existing product, but there's still a lot more steps in integration and that's going to take a lot of time.

The $20 token is overvalued for its existing product, but the $20 price tag is undervalued if the product integrates with TC and DECO successfully.

[Anonymous No.22072268]

>>22071325
You must be brand new if you think more than 1000 people worldwide even understand the implications of this before having it explained to them

[Anonymous No.22072717]

>>22070733
checkem wat the sum down on deco?

[Anonymous No.22072755]

>>22072717
NEW YORK, Aug. 29, 2020 /PRNewswire/ -- Smart Contract Summit -- Chainlink, the most widely used decentralized financial data source, securing over $3B in value, announced today that it has acquired DECO from Cornell University. DECO is an improvement on how to utilize HTTPS/TLS for data transmission across the internet, developed by Dr. Ari Juels, the former Chief Scientist of RSA, one of the world's largest security companies. Juels previously formalized Proof of Work, which is now used to secure the more than $300B in cryptocurrency stored across Bitcoin, Ethereum and thousands of other cryptocurrencies.

[Anonymous No.22072787]

>>22070733
Based.

Monopoly.

[Anonymous No.22072925]

>>22072268
You’re being generous. Most link holders on /biz/ don’t even understand what they’re holding. It’s kinda disappointing that we’re still so early.

[Anonymous No.22073885]

>>22070733
Awesome post fren.

[Anonymous No.22073901]

>>22070733
Even though we knew this was coming it is still astounding to see the amount of foresight and discipline that has gone into it.
>Chainlink owning these tools means they can literally control who gets to use them.
Something I noticed in an AMPL interview was that Brandon basically said that CL opened doors for them to get the API's they needed to make the project a reality. Before that moment they had trouble getting the attention from data-providers. Every release is probably calculated by Sergey in accordance with his vision for the next 1-5-10-20 years.
>>22071363
I don't even feel like addressing this worthless fud but CL team literally MOGGED the entire space into submission. Everything is set up to be even more efficient than otherwise possible. The next few years are going to melt faces.

[Anonymous No.22073991]

>>22070733
Chainlink is open for anyone to use and it's quickly becoming the standard for DeFi. No reason for businesses to reinvent the wheel. The glue that makes blockchain and smart contracts open to the world.

[Anonymous No.22074012]

>>22073901
calling anything that points out an actual issue fud is pretty fuckin dumb at this point
we've all made money, unrealized or realized off link now, i held since post-ICO same as most of you retards
but to call everything fud because they're going about things the same way they did with TC? like it's just repeating itself all over again
only difference is, now there's a demand for dec. oracle services, so devs with a lot of money behind them are coming in and we don't know for certain anymore what will happen with chainlink
and that's the problem. sergey was always a lightyear ahead because no one cared, now that there's money involved and no way to truly keep anything proprietary since there are many ways to do this, we've run into an issue that chainlink won't address
but yes, please continue calling anything that merits discussion fud because that's always worked out well in every project with ultra-loyalists that are married to their investment

[Anonymous No.22074135]

>>22071381
Lel’d, imagine thinking Ari isn’t the ultimate puppet master, manipulating world powers into creating his omniscient AI for him.

[Anonymous No.22074300]

>>22074012
>now there's money involved
You're talking about a project that was earmarked by SWIFT in 2016.

[Anonymous No.22074332]

>>22070733

[Anonymous No.22074355]

>>22074300
ha, jesus christ, i should've known i'd be trying to have a conversation with people who only know key points but nothing about the tech or the speed at which defi is moving which are huge factors right now. i'll see myself out.

[Anonymous No.22074388]

>>22074355
your absence will be lamented

[Anonymous No.22074406]

>>22071175
>imagine thinking prices are correlated with anything but the narratives created conveniently to cover for whale P&Ds
This is the same kind of narrative taking form and you're too much of a faggot to realize it.

[Anonymous No.22074501]

>>22074332
please for you to not do the post abt gs token dear,,, my hole billage still uniswaping rn

[Anonymous No.22074721]

>>22074355
Yeah go take your pilpul somewhere else lil bitch

[Anonymous No.22074953]

>>22072787
it's not a monopoly though if it's decentralized and a public good.

[Anonymous No.22075382]

it's a two years old startup and they already pulled two mergers and acquisitions
when it happened with town crier I thought this is fucking nuts, no one in the blockchain space is doing shit like this except maybe ripple, they're just a completely different beast, on the surface there's all this idealistic babble about helping third world farmers gaining fairer insurance or whatever bullshit, but these guys are sharks and even with all the money flooding and scams going on crypto is still an ocean of dolphins because up until now it was still driven by tech nerds, engineers, with the vcs hiding in the shadows, now sirgay is the first full blown vc ceo taking over in the space, satoshi was a nerd, vitalik was a nerd, sirgay is a pro, delegating the tech to steve and ari, a rare unicorn
two fucking acquisitions in two fucking years, and now they're talking about having twenty years plans and have the treasury to back that up, this shit is an unstoppable train, imagine thinking ta is in any way relevant when yo understand the forces at play here, the scaling up is massive and unrivaled in the space, these guys want to eat the whole cake and they're only just beginning, i remember just one year ago the joke rumors about them buying clause for instance, gonser invested, today it's still a midget startup, now they could buyout for crumbs, and they'd own the contract drafting phase that comes later... turn on your brain and you understand this will likely come in 2022..24.. etc... once the network is mature, chainlink stable, what comes next is smartcontract now dormant will rise like the phoenix and also eat that whole ease of use, boomer adoption market, they'll have a finger in every pie, it's a giant being built slowly piece by piece, but with every piece you realize they're owning the whole field and destroying rivals before they even show up, my pussy is wet just thinking about it

[Anonymous No.22075571]

>>22075382
Is LINK going fo be the new Ethereum?

[Anonymous No.22075676]

>>22071363
Definitive truth. Developers sleep well at night because of Chainlink, it’s a comfy sleep too.

[Anonymous No.22075714]

>>22075571
you know how blockchain has this appeal, like internet in its early days, where any ideological side can project their own fantasies onto it and it still works, like the commies can fantasize about this allowing their decentralized utopia for a fairer world and how they can draft smart contracts to save the rain forests from global warming lol or other bs like censorship resistant social media or press etc, while the kikes can see how it's about reducing the middleman and improving the profit margin by 1% so it's a perfect tool for bankers rubbing their hands, eth was so powerful because it has this ambiguity, something like ripple meanwhile alienates the commies and only interests the capitalists, you can apply the analysis to any other project and you'll understand none has this unique quality to such an extent, except link, the genius of link is they can hide behind the excuse of utopian idealistic bs (very important to attract devs in open source, and for OPTICS in silicon valley etc) while at the core being a purely kiked project.... hence handshakes with swift, wef, etc
and unlike ripple, which i think is on its way out, it's not saying 'we're competing with the banks, we're going to replace them', they're saying 'dude just keep your legacy system, let us just handle the bridge', this is how you build powerful allies instead of powerful rivals
of course it's likely the reason buterin hates sirgay's guts

[Anonymous No.22075784]

>>22071363
Came here to say this. Chainlink can't monopolize anything, competitors will appear over night. Not to mention they're late to the party on many of these things. They're stealing ideas and solutions that already exist, calling it Beta, mainnet soon. Only the fanatics get excited about this.

Chainlink is trying to monopolize every aspect of crypto and they've yet to complete one.

[Anonymous No.22075794]

>>22075714
based
i missed the boat on cheap LINK but recall some of Buterin's communist maneuevers
we are gonna make it lads

[Anonymous No.22075815]

>>22075382
>my pussy is wet.
And that's where I stopped eating.

[Anonymous No.22075922]

>>22071363
imagine spouting that shit in a fang owned world lol

[Anonymous No.22076059]

>>22071363
This is especially retarded considering that defi projects having oracles has been one of the main reason it boomed at all, if not the only reason. Link leads the way.

[Anonymous No.22076131]

>>22074012
>and that's the problem. sergey was always a lightyear ahead because no one cared, now that there's money involved and no way to truly keep anything proprietary since there are many ways to do this, we've run into an issue that chainlink won't address
what is a network effect nigger
they have BILLIONS in their treasury already to fund their scaling up, competition is still in their garages while chainlink is opening factories
did you even take a look at their open positions? opening offices all over the world, being able to hire all the best talent, dozens of marketing hires, the aggressiveness of it all, etc. they have the best branding, the resume, the reputation, the charismatic ceo, the narrative, endorsed by the elite networks, the fanatic community, at this point tech doesn't even matter anymore, marketing does, link's already won
you had 3 years

[Anonymous No.22076215]

This thread is solid hopium extract

[Anonymous No.22076259]

>>22075382
>>22075714
>>22075922
>>22076131
Extremely based. Good to see some old heads still around.

[Anonymous No.22076323]

>>22076259
>Sergei depicted without a gigantic cock
fake news

[Anonymous No.22076432]

>>22070733
>Another big player wants to get in on the oracle game? Good luck, Chainlink literally owns the ancillary toolkit.
What do you think about other oracles like band and tellor?

[Anonymous No.22076577]

>>22072925
exactly the reason they will sell early

[Anonymous No.22076581]

>>22076131
Good words, sadly i was here when Link was pennies, i didnt invest a cent and walk away until recently. Gotta say, all these new DeFi project that werent around in 2018 is proper awesome.

its like seeing DOS for the first time, and now theres actual programs running on the beast that is the blockchain

[Anonymous No.22076599]

>>22076432
Literally zero use case as long as link exists. Are you not reading the thread?

[Anonymous No.22076600]

>>22071651
The price will always be speculative until staking is live

[Anonymous No.22076668]

>>22075714
some next level art of war shit goin on in crypto rn. defi and onboarding legacy systems is one of the best moves on the board so far. you can argue against an alternate currency, you can't argue against impossible to beat interest rates saving billions of dollars by imbedding a better infrastructure. check fucking mate.

[Anonymous No.22076951]

>>22075714
Based as fuck

[Anonymous No.22076992]

>>22070733
>right arm
> twin snakes = balanced ida and pingala nadis
>staff = shushumna nadi/kundalini energy
>wings = liberation

alex grey (the artist) pls stop appropriating ancient poo in loo culture thank u

[Anonymous No.22077351]

>>22076432
winner takes all
band is trx

[Anonymous No.22077463]

>>22070733
it's much simpler, they buy good-sounding projects to generate hype. They don't actually intend to use them.
Example: town crier

[Anonymous No.22077985]

>>22076577
checking my own post because nulinkfags dont