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Bitcoin explosion and ALT coins thread

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Znap said:
I understand everything except for this last bit, can you explain why this pic shows that its not too late?
Click to expand...
Newbies will think because you can't accumulate a 10000 link stack anymore, that one should buy something else. However, should the projection by the experts happen and 10% of the worlds GDP and derivatives be locked on smart contracts, the value of chainlink will exceed 1000 dollars easily. The meme number right now is 81k and memes has a tendency to become reality. A person holding 100 links would be considered a whale easily given 100 x 81k is 8.1 million dollars. But "normies" to use that term, are dumb as dumb can be. They don't read about fundamentals, they don't do research, go dot hunting, dig through twitter, and read the white papers. They just go on coinmarketcap.com see what low marketcap coins there are and buy that and then wonder why they're losing money. Or they follow idiotic youtubers that aren't worth a seconds watch that promises them riches, or join pump and dump discords where the whales in it, dump on users.

I know how this shit works, and I know what projects and what names you should look after.
 
m25105 said:
Newbies will think because you can't accumulate a 10000 link stack anymore, that one should buy something else. However, should the projection by the experts happen and 10% of the worlds GDP and derivatives be locked on smart contracts, the value of chainlink will exceed 1000 dollars easily. The meme number right now is 81k and memes has a tendency to become reality. A person holding 100 links would be considered a whale easily given 100 x 81k is 8.1 million dollars. But "normies" to use that term, are dumb as dumb can be. They don't read about fundamentals, they don't do research, go dot hunting, dig through twitter, and read the white papers. They just go on coinmarketcap.com see what low marketcap coins there are and buy that and then wonder why they're losing money. Or they follow idiotic youtubers that aren't worth a seconds watch that promises them riches, or join pump and dump discords where the whales in it, dump on users.

I know how this shit works, and I know what projects and what names you should look after.
Click to expand...

Just out of curiosity which experts? Majority of the time these so called experts are like weathermen and consistently get it wrong.
 
Todd Gack said:
How much are you buying?
Click to expand...
I may pick up some. I just cashed out my ETH holdings in paypal. It wasn't much... like $500 but I just wanted to write that wallet off and consolidate it on Coinbase. I'm not going to put all of it back into ETH either... maybe some LINK
 
TeTe said:
I may pick up some. I just cashed out my ETH holdings in paypal. It wasn't much... like $500 but I just wanted to write that wallet off and consolidate it on Coinbase. I'm not going to put all of it back into ETH either... maybe some LINK
Click to expand...
It’s a pain in the ass to get Link in Canada from what I can see. I would have to buy Bitcoin and then send to my wallet and then exchange for link but I’d have to pay an exchange fee.
 
m25105 said:
Folks I'm in an exceptionally good mood, and I believe that the project has now pumped high enough that even the people I utterly despise on Sherdog should now know (mainly because at this point they won't be able to accumulate a good stack). But trust me, even holding 100 of it is going to be a big deal.

Some here already knows about this, but to those that only bought cause it was in the top 10 without thinking further about it, read this carefully. This will be your red pill, or blue pill moment.

The World Economic Forum and Smart Contracts.
The World Economic Forum wrote in 2015 that 10% of worlds GDP would be on the blockchain by 2027 in a poll done by leading industry experts and executives. Right now the transformation of regular fiat money and on to digital currency is happening. But this isn't the point, no where the real value lies in, is in the contracts. Contracts as you know is the binding of two entities or more, that enter in to an agreement where the parties involved are reasonably sure that they will uphold their end of the agreement. This relies on trust. Where blockchain comes in, is that you can code smart contracts on the immutable digital ledger, and thus create a digital tamper-proof agreement. In other words, a trustless agreement between two parties or more, where the conditions are deterministic and based on proof of mathematics and physics, not on trust in a brand (for example a banking institution). Some of you might have heard about this with Ethereum, and the ability to code a smart contracts on Ethereum using solidity (a programming language)

The Oracle Problem
The main problem that blockchains have, is a way to communicate with the real world and feed the information to the contract itself. This is called the oracle problem in the blockchain space. An oracle is to put it in simple terms an online notary that keeps your contract constantly updated. To clarify, the oracle is connected to the smart contract as well as various API's that is related to the terms of the contract. Weather patterns for example (for farmers insurance, flights), price feeds (for fluctuations of currencies), temperature (transport of goods), stock tickers. Basically any real event in the world that is subject to constant change. Having a centralised oracle, or making an oracle for each contract, is for the former a security and reliability issue, and for the later the same as well as time consuming to code for each contract. The way to solve this is having decentralised oracles, as it not only removes the security issue of having one oracle node run the show (thus severely increasing the risk of failure or the deliverance of bad data), but it also creates a service where reliable oracles can be requested by the user running the smart contracts, and check an oracle node providers reputation. A user, pending on the size of the value of the contract that is being issued would want more redundancy for information to safely have an aggregated data pool, as well as being delivered high quality data from premium sources. Thus the user would naturally pay for the services of the oracle.

The oracle operator themselves stake their own assets (in this case link tokens) in their node as a guarantee that they're providing the data for the duration of the contract and the quality of the data. To not fulfil these terms would result in the oracle operator losing the link tokens he has staked to the user that requested the node. Should the terms be however met, and the oracle operates in good faith, the node operator will be paid in link tokens. This is already a working product in real time, please see https://feeds.chain.link to view current running nodes. You can also see the various node operators on https://market.link

There's only one company that is currently solving this problem in a decentralised manner, and as mentioned above has a working working product, that company is Chainlink. If you wish to peruse their website it's; https://chain.link
For a visual presentation see this video for the technical paper click here.

Who are partnered with Chainlink / who uses it?
Chainlink is instrumental for blockchain to succeed, and each day they're getting new partners, but to name them all would take too long (there's over 400) and I would rather focus on names that you recognise. Swift global banking (see R3), R3 (R3 uses Kaleido Blockchain which has Chainlink integrated), Mircosoft, Zeppelin_OS, Web 3.0 foundation, BSN (The Chinese's state blockchain service network), the top Korean banks, google, Oracle (the second largest tech company) DocuSign, Openlaw, T-Sytems (Deutsche Telekom, you might be more familiar with their division; T-Mobile), IC3, and many more. Chainlink has been very good at keeping their lips tightly sealed, but the information is still public (but hasn't been reported by any major outlet) and to those in the space, it's easy to find and verify. All these companies will be running their blockchain services, and they will, or already have integrated Chainlink in their blockchain. T-Systems are even offering their services as Chainlink Oracles, currently running at least 55 nodes.

Here's an updated list of partners, clients, grants, and integration of Chainlink
https://docs.google.com/document/d/1ahUZjuIqqwG9dZLvlm0sgHmckRVUC6kB396narYKSyU/edit

The people involved
The core team of Chainlink are relatively unknown outside of the blockchain space, however they have since their inception been working with the brightest minds in computer data science, blockchain, and cryptography. The main person of interest is Ari Juels this man, conceptionalised "Proof of Work" the method that Bitcoin (to name one) is based on, in 1999 and he is the leading academic figure in blockchain, as well as the co-director of IC3 along with Emin Gün Sirer (another leading figure in the academic research in blockchain). Ari Juels co-authored the Chainlink whitepaper 1.0 in 2017, and has co-authored multiple papers that works on solving the challenges with blockchain, that Chainlink aims to solve. Chainlink also works closely with Ed Felten, the chief scientist in Off-Chainlabs, and former CTO of the White House, where Felten attended the Chainlink smartcon 0 in August 28th 2020 and presented the Aribtrum projects, and its goals to solve the scalability of Ethereum.

How does this benefit me?
Ok, that's all great. Where's the value? The value as I mentioned before lies in the contracts. The biggest market for contracts lies in derivatives which is one quadrillion (Yes, you read that right). If the projection by the experts that the WEF polled is right, then it follows that the derivatives market will follow along in doing their transactions and contracts in the blockchain (smart contracts). We're already seeing rate of adoption increasing of companies adopting this technology, and to summarise, Chainlink will be to the blockchain as google is to the internet, and this is actually an underestimation in my opinion. See the value of a contract here. Since the link tokens will be staked and providing a safety to the contracts value, and the supply is fixed, it's reasonably to assume that the chainlink tokens will mirror that of the average contract price, and more once the derivatives market starts issuing future bonds and contracts, on the blockchain. The token are still available on exchanges, both centralised and decentralised, but the number is gradually dwindling, as of writing this now, there's only 13% of the supply left on the exchanges. The link token is fixed at 1 billion. You can purchase it, on kraken, coinbase, or gemini.

It's not too late.
EWYRe0jWsAAbOlx
Click to expand...

Not to be a downer but this reminds me a lot of 2018. Lots of projects, mainstream media attention and general excitement from a bunch of newbies buying in then BAM a 70% drop.

I've still got a decent amount of money in various coins but people need to be prepared for anything. Unless they all shoot up 10x I'm keeping them for 10+ years.
 
I'm in stinky linky level, I think around 3x since buying last year.
 
forum poster said:
Not to be a downer but this reminds me a lot of 2018. Lots of projects, mainstream media attention and general excitement from a bunch of newbies buying in then BAM a 70% drop.

I've still got a decent amount of money in various coins but people need to be prepared for anything. Unless they all shoot up 10x I'm keeping them for 10+ years.
Click to expand...

I've been pulling some of my profits with an assumption the market is going to drop off sometime soon.
 
People are saying LTC is going to move. This kid making a 2 min pitch.

 
m25105 said:
Newbies will think because you can't accumulate a 10000 link stack anymore, that one should buy something else. However, should the projection by the experts happen and 10% of the worlds GDP and derivatives be locked on smart contracts, the value of chainlink will exceed 1000 dollars easily. The meme number right now is 81k and memes has a tendency to become reality. A person holding 100 links would be considered a whale easily given 100 x 81k is 8.1 million dollars. But "normies" to use that term, are dumb as dumb can be. They don't read about fundamentals, they don't do research, go dot hunting, dig through twitter, and read the white papers. They just go on coinmarketcap.com see what low marketcap coins there are and buy that and then wonder why they're losing money. Or they follow idiotic youtubers that aren't worth a seconds watch that promises them riches, or join pump and dump discords where the whales in it, dump on users.

I know how this shit works, and I know what projects and what names you should look after.
Click to expand...


Chainlink up 6% thus far
 
forum poster said:
Not to be a downer but this reminds me a lot of 2018. Lots of projects, mainstream media attention and general excitement from a bunch of newbies buying in then BAM a 70% drop.

I've still got a decent amount of money in various coins but people need to be prepared for anything. Unless they all shoot up 10x I'm keeping them for 10+ years.
Click to expand...

Woldog said:
So is it worth investing in Chainlink? I mean I can throw a few hundy into it.
Click to expand...
Please read my post
https://forums.sherdog.com/posts/163705375/
 
m25105 said:
Please read my post
https://forums.sherdog.com/posts/163705375/
Click to expand...
As someone who has:
Etherium, Dash, districOx, Litecoin, Stellar, Decentraland, Basic Attention token, Algorand, OMG, tezos, Ox, Cardano, Ripple.

Which would you recommend I swap for LINK?
And how long do I have to wait until I retire rich?
K thx



(I honestly can't even remember buying half of these)
 
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