SHOW:
|
|
- or go back to the newest paste.
1 | <<<DONATIONS FOR COMPILING INFO>>> | |
2 | ||
3 | 0x47F77259FB9EaFC401cD427802d63567f3C16109 | |
4 | ||
5 | -------------------------------------------------------------------------------------------------------------------------------------- | |
6 | ||
7 | ||
8 | CHAINLINK GENERAL - [THREAD THEME HERE] | |
9 | ||
10 | https://pastebin.com/6xcsc2jR | |
11 | ----------------------------------------- | |
12 | Just incase you're really new, or think that Crypto is a tulip bubble: | |
13 | https://www.youtube.com/watch?v=YIVAluSL9SU - The real value of bitcoin and crypto currency technology - The Blockchain explained | |
14 | https://www.youtube.com/watch?v=G3psxs3gyf8 - 19 Industries The Blockchain Will Disrupt | |
15 | ----------------------------------------------------------------------------------------------------------------------- | |
16 | CHAINLINK VIDEOS: | |
17 | https://www.youtube.com/watch?v=MfH1B85YyFU - Sergey Q&A | |
18 | https://www.youtube.com/watch?v=1nmLU284fIk -Interview when he was NXT Secure Asset Exchange CEO, talking about Smart Contracts (2014) | |
19 | - | https://www.youtube.com/watch?v=AfJiRsYpgyc -Smart Contracts in Business: Sergey Nazarov |
19 | + | |
20 | - | https://www.youtube.com/watch?time_continue=3&v=T9R5fpxGeVc - What is SWIFT doing in terms of innovation that is new and exciting? |
20 | + | |
21 | https://www.youtube.com/watch?v=AfJiRsYpgyc -Smart Contracts in Business: Sergey Nazarov | |
22 | ----------------------------------------------------------------------------- | |
23 | LINKS: (That won't steal your links) | |
24 | https://github.com/smartcontractkit/chainlink -the github | |
25 | https://chainlink-docs.smartcontract.com/#installation -The ChainLink API documentation. | |
26 | - | https://hudsonjameson.com/2017-08-06-advising-status-smartcontract/ -an Advisor's thoughts on smartcontracts |
26 | + | |
27 | https://www.americanbanker.com/news/the-race-to-connect-smart-contracts-to-the-real-world American Banker [Financial Publication] | |
28 | - | https://paymentweek.com/2017-9-7-previous-chief-scientist-rsa-releases-smart-contract-connectivity-whitepaper-facebook-director-engineering-llvm-creator-joins-chainlink-advisory-board/ -Previous Chief Scientist Of RSA Releases Smart Contract Connectivity Whitepaper, Facebook Director Of Engineering & LLVM Creator Joins ChainLink Advisory Board |
28 | + | |
29 | https://image.slidesharecdn.com/worldeconomicforumtippingpoint2015blockchain41-170330211144/95/world-economic-forum-tipping-points-report-1-638.jpg?cb=1490908469 - World Economic Forum | |
30 | https://www.gartner.com/doc/3698947/cool-vendors-blockchain-applications- - Garner Report | |
31 | ------------------------------------------------------------------------------- | |
32 | - | https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms/ - Barclays, BNP Paribas, Fidelity, Societe Generale and Santander test out Chainlink |
32 | + | |
33 | - | https://twitter.com/addyching/status/919995073990979591 - SIBOS updates |
33 | + | |
34 | - | http://www.crossroadstoday.com/story/36335056/previous-chief-scientist-of-rsa-releases-smart-contract-connectivity-whitepaper-facebook-director-of-engineering-llvm-creator-joins-chainlink |
34 | + | |
35 | which he has a financial interest. In 2004, MIT’s Technology Review Magazine named Dr. Juels one of the world’s top 100 technology innovators under the age of 35. Computerworld honored him in its “40 Under 40” list of young industry leaders in 2007. He has received other distinctions, but sadly no recent ones acknowledging his youth. - (http://www.arijuels.com/) | |
36 | ||
37 | ||
38 | ||
39 | - | I noticed a lot of you guys didn't know what ChainLINK would be actually useful for or get too hung up on the "banking" premise that was shilled a lot on /biz/. Let me explain the TRUE merit of ChainLINK. |
39 | + | |
40 | - | Bitcoin was the first decentralized currency that was trustless in nature. Ethereum was the first decentralized smartcontract service that was trustless in nature. |
40 | + | |
41 | - | ChainLINK is the first "bridge" between real life data and crypto that is decentralized in nature. |
41 | + | |
42 | - | What does this mean? |
42 | + | |
43 | - | ChainLINK can take real time datastreams like Sensor data/non-crypto financial data such as real time interest rates etc and combine it with smartcontracts. |
43 | + | |
44 | - | What this does is create tremendous potential wealth and make businesses possible that weren't possible before ChainLINK existed. |
44 | + | |
45 | - | Let's look at the examples of how ChainLINK could be used in real life with one thing that is already confirmed. |
45 | + | |
46 | - | A startup called Confido wants to make a payment and delivery system where they will use real time data from the delivery service's sensor system if a package actually arrived or not. When the sensor data confirm that the package is arrived a smart contract will automatically pay the vendor of that package automatically. This type of service would be impossible with ChainLINK if you'd wanted to make it trustless without 3rd party meddling. |
46 | + | |
47 | - | Other potential things that could be done ONLY with ChainLINK. |
47 | + | |
48 | - | Trustless Gambling Racehorses gets sensors in them whichever reaches the finish line first gets their data send to ChainLINK which then through smartcontract pays out everyone that betted on that horse. Online gambling where the roulette has sensors in every landing place and automatically pays out to whomever betted on that automatically through ChainLINK. |
48 | + | |
49 | - | Trustless Insurance,Trustless Warranty When you have a car it could automatically send it's realtime data like speed,GPS position and miles driven to ChainLINK. And it could in real time change your insurance terms based upon your driving behavior and if you crash your car pays out (or not) automatically based on these sensor data without needing a third party. |
49 | + | |
50 | - | Same for Warranties. If the sensor data shows the warranty should apply it could automatically pay the party or if it is voided it automatically voids the smartcontract. |
50 | + | |
51 | - | Connecting all currencies ChainLINK can actually be used to link different currencies such as dollar,euro,yen with all different cryptocurrencies and each other. Because you can input real data into it you could make it so that banks could "lock in" things like "Bank A coin=$5" and based upon how much other coins are worth in real time feeded to ChainLINK would make it possible to buy "Bank A coin" with ALL different cryptocurrencies even though they only accept dollars. |
51 | + | |
52 | - | Last but not least |
52 | + | |
53 | - | New bank shattering application You know when you pay for something and you don't want to use your creditcard because of fees? So you go and do a wire transfer straight from your bank to another one. |
53 | + | |
54 | - | But then you usually have to wait a couple of days or even a week if it's international and you are unlucky. |
54 | + | |
55 | - | Well. ChainLINK is the solution to that. A bank (or third party application) could just feed the information from Bank A that you made a wire transfer to Bank B. And then through ChainLINK combining that data with a smart contract Person that has Bank B account gets paid that money immediately and so the vendor/friend/whatever that uses Bank B knows that he got paid even though he hasn't received the money yet and thus can give the guy from Bank A his goods/whatever immediately. Thus cutting out Creditcards/Wire transaction time and everything WITHOUT having to use cryptocurrency per-se as the end user. |
55 | + | |
56 | - | THIS is why LINK is the most talked about coin on /biz/ since ETH. Because it'll be a game changer. |
56 | + | |
57 | - | Sure you can say "There is no guarantee it will be adopted" or "Why won't every of those businesses not just program their own solution". |
57 | + | |
58 | - | But I could say the same thing about ETH "What if smartcontracts won't get adopted?" "Can't companies not just program their own smartcontract services?" |
58 | + | |
59 | - | The answer is NO. Because the value is added due to it being DECENTRALIZED. There is no third party that can meddle with the transaction. It's all real time based on sensor or other outside information which gives security to the users. |
59 | + | |
60 | - | I hope some of you understand the potential of LINK some more right now. |
60 | + | |
61 | >SWIFT's premier blockchain project consists of two main pillars: | |
62 | Source: https://www.swift.com/node/39911 | |
63 | ||
64 | - | I have seen a lot of FUD lately surrounding ChainLink and a lot of people losing faith. While everyone is waiting for news to drop, here is what we know about ChainLink as of now. |
64 | + | |
65 | >Distributed Ledger Technology (DLT) and Smart Contracts (SC) promise to transform automation in the financial industry, and are generating huge interest amongst financial institutions and technology providers. | |
66 | - | PARTNERS: |
66 | + | |
67 | - | Here are some names of companies that ChainLink is working with, or at the VERY least has contacts with. |
67 | + | |
68 | ||
69 | - | SWIFT: This one should be obvious to everyone by now. They just gave a working demo for SWIFT at SIBOS. They even state on the smartcontract website that they are indeed WORKING WITH SWIFT. The cheeky bastards even have SWIFT subtely underlined, as shown here: |
69 | + | |
70 | - | https://imgur.com/a/UcnTf |
70 | + | |
71 | Source: https://www.febelfin.be/sites/default/files/InDepth/smart-contracts.pd_.pdf | |
72 | ||
73 | - | SONY & AXA: We all know who SONY is. Axa is the largest holder of financial derivatives in the world. It's a trillion dollar market. All three parties have signed a smart contract that deals with varying levels of insurance coverage depending on firewall uptime on May 9th 2016, viewable here: |
73 | + | |
74 | >Sometimes, external inputs such as prices, performance, or other real-world data may be required to process a transaction, and oracle services help smart contracts with inputs such as these. | |
75 | - | https://create.smartcontract.com/#/contracts/317764c5bf532e8b33572b6e77ae2133 |
75 | + | |
76 | - | https://imgur.com/a/uzRH1 |
76 | + | |
77 | ||
78 | If you don't know what Capgemini is: https://en.m.wikipedia.org/wiki/Capgemini | |
79 | - | FACTOM: Factom and ChainLink have been working together since 2016. You can view Factom's announcement about it here: |
79 | + | |
80 | Back in 2015 the World Economic Forum also mentioned smartcontract(s).com by name:http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24 | |
81 | - | https://www.factom.com/blog/smartcontract-factom-announce-collaboration |
81 | + | |
82 | - | https://imgur.com/a/Lf6vr |
82 | + | |
83 | ||
84 | >finished product | |
85 | - | CONFIDO: A new company that is using ChainLink to pull shipping data from off-chain. See following website about this here: |
85 | + | |
86 | >enormous marketing opportunity coming up at SIBOS | |
87 | >sky-high industry interest already, see above | |
88 | - | https://imgur.com/a/7Visz |
88 | + | |
89 | - | Short video explaining how it works: https://www.youtube.com/watch?v=1SX0buv4bCc [Embed] |
89 | + | |
90 | B-b-bb-b-b-but... | |
91 | - | MICROSOFT: This one is a bit of speculation, but let's take a look. |
91 | + | |
92 | - | https://imgur.com/a/VLmP0 |
92 | + | |
93 | >whitepaper is written on a bar towel covered in vomit | |
94 | - | In this video, Sergey states that they are indeed "working with Microsoft..." on the development of their cryptlets at 46:13 (Link below) |
94 | + | |
95 | >roadmap literally goes backwards to 2008 then crashes | |
96 | - | https://youtu.be/ytv8U0bejPA?t=2773 [Embed] |
96 | + | |
97 | ||
98 | - | If you feel like reading up on what it actually is, then check the link below and scroll down to "Bletchley Introduces Cryrplets, which is a "Secure Blockchain Middleware into their architecture" |
98 | + | |
99 | ||
100 | - | https://github.com/Azure/azure-blockchain-projects/blob/master/bletchley/bletchley-whitepaper.md |
100 | + | |
101 | https://www.youtube.com/watch?v=1SX0buv4bCc | |
102 | - | Also, an article stating that Microsoft recently joined Cornell, who is a ChainLink partner as stated on the Smartcontract website. |
102 | + | |
103 | http://confido.io/ | |
104 | - | https://www.coindesk.com/microsoft-joins-cornell-blockchain-research-group/ |
104 | + | |
105 | Before we made the switch from Oraclize to Chainlink we relied on one single API to serve us the correct data, which simply wasn’t secure enough when dealing with people’s money. Chainlink allowed us to stay decentralised and improve the security of our platform by allowing us to pull data from several API’s. | |
106 | We are bullish on LINK and hope to accelerate the adoption by using it in our own project. There are so many use cases for LINK, our project is just one of them."" | |
107 | - | DATA USED FROM BANKS AT SIBOS DEMO: Now keep in mind that these banks are NOT announced partners, but ChainLink has used them for their POC in their demo at SIBOS: |
107 | + | |
108 | Look at ETH. | |
109 | - | Barclays |
109 | + | |
110 | - | BNP Paribas |
110 | + | |
111 | - | Fidelity |
111 | + | |
112 | - | Societe Generale |
112 | + | |
113 | - | Santander |
113 | + | |
114 | People that keep saying things like "why would banks use chainlink when they can just make their own version" clearly don't understand the fundamentals of this project. Chainlink's goal is not to "be used" like (e.g.) Ripple hopes to achieve. | |
115 | - | https://www.coindesk.com/swift-startup-winner-demos-smart-contract-trade-5-financial-firms/?utm_content=buffer4ffb0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer |
115 | + | |
116 | ||
117 | - | COMMON FUD: I have seen a lot of the same FUD repeated on 4chan, lets take a look and see if we can dispell some of this shall we. |
117 | + | |
118 | ||
119 | - | The big one that seems to be going around now is an old picture from a completely different presentation that Sergey is giving in what appears to be a small room. Here is the floor plan for the Metro Toronto Convention Centre, showing that the largest room is where the SWIFT presentations are in. (The room is actually next to restrooms though KEK) |
119 | + | |
120 | ||
121 | - | https://imgur.com/a/4dSj4 |
121 | + | |
122 | ||
123 | - | "THEY ARE USING A SHITTY ERC20 TOKEN" : The token is only used to incentivize NODE operators. ChainLink itself can operate on the BTC blockchain, Ethereum blockchain, AND Hyperledger, as stated on the smartcontract website. |
123 | + | |
124 | 4. ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract. | |
125 | - | "THIS IS A PUMP AND DUMP SHITCOIN" : The developers have been working on ChainLink for over 3 and a half YEARS now. They haven't made any hype surrounding it or posted any skateboard pics. The largest wallets holding LINK have mostly not moved since ICO or are acquiring more LINK tokens. If this were a pump and dump they would be hyping the shit out of this coin and dumping it on us. This is clearly not the case. |
125 | + | |
126 | Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof. | |
127 | - | "THE TEAM ONLY HAS 2 DEVS": This is true. However, they clearly already have a working product that is on their website, which they have already demo'd in front of a large crowd at SIBOS today. ChainLink is already a working product, unlike a lot of other shitcoins with a much higher market cap. |
127 | + | |
128 | So Thats what ChainLink does. ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids. | |
129 | ||
130 | - | RECAP: |
130 | + | |
131 | ||
132 | - | So let's recap, ChainLink is working with or at the VERY LEAST have contact with the following companies/organizations: |
132 | + | |
133 | Chainlink is a decentralized oracle network, which will allow the oracles on the network to act in a similar manner to how we see bitcoin miners interact with the bitcoin blockchain --- they don't care about what they're processing, they just process it. This allows the trustless and tamperless translation of the data from the source to the smart contract, which opens up a whole world of possibilities. I wrote a couple examples to help open your mind to it: | |
134 | - | -SWIFT |
134 | + | |
135 | - | -Gartner |
135 | + | |
136 | - | -Cornell |
136 | + | |
137 | - | -World Economic Forum |
137 | + | |
138 | - | -Sony |
138 | + | |
139 | - | -Axa |
139 | + | |
140 | - | -Microsoft |
140 | + | |
141 | - | -Factom |
141 | + | |
142 | - | -Confido |
142 | + | |
143 | Walton wants to represent external data (RFID tags) on the blockchain. | |
144 | - | Is their any pie that ChainLink doesn't have their fingers in? Their tech is literally revolutionary. Smart contracts are fucking useless without being able to pull real world data from off-chain. This coin is already 4x up from ICO price without them even releasing any news yet. It is brand new and still in it's infancy. Do not let these 4chan biztards FUD you into selling a fucking goldmine. |
144 | + | |
145 | Ripple wants to represent external data (financial transactions) on the blockchain. | |
146 | - | If they release an announcement stating all of their partners + exchange listings, this thing will be the |
146 | + | |
147 | These use cases are ENTIRELY contained within ChainLink. | |
148 | - | BIGGEST. COIN. EVER |
148 | + | |
149 | ChainLink is the skeleton key that makes all these proects obsolete. It gives every company the building blocks to use oracles that represent ANY data, not just single use cases like food/RFID/financial transactions, however they want. | |
150 | - | Let this sink in for a moment. I'll wait. |
150 | + | |
151 | Ethereum is a blockchain with advanced scripting language whichallows running of decentralized applications (dapps) and Smart contracts. What are smart contracts? It is a digital contract planted in the Ethereum blockchain. It is a tamper-proof commitment of all participants of the contract. It is used to exchange money, property, shares etc, without a middleman. Ethereum's creator's description of smart contract is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations. | |
152 | ||
153 | - | BUT WAIT THERE'S MORE!! ! ! ! |
153 | + | |
154 | ||
155 | The main use of smart contracts in Ethereum today is management of ERC20 tokens, which are a common functionality in most smart contract networks.The current focus on tokens to the exclusion of many other possible applications is due to a lack of adequate oracle services. | |
156 | ||
157 | ||
158 | ---------------------------------------------------------------------------------------------------------------------------------- | |
159 | MEMES: | |
160 | ||
161 | >shitcoins bow to chainlink | |
162 | >devs in contact with multinational bankers | |
163 | >Sergey rumoured to possess psychic abilities | |
164 | >control the blockchain with an iron fist | |
165 | >own banks all over the world | |
166 | >direct descendant of the satoshi royal blood line | |
167 | >will bankroll the first cities on Mars (Linkdangrad will be be the first city) | |
168 | >own basically every DNA editing research facility on Earth | |
169 | >first designer babies will be Chainlink Babies | |
170 | >both developers said to have 200+ IQ | |
171 | >ancient Indian scriptures tell of two angels who will descend upon the Earth and will bring an era of enlightenment and unprecedented technological progress with them | |
172 | >They own Nanobot R&D labs around the world | |
173 | >You likely have Linkdabots inside you right now | |
174 | >Seregy is in regular communication with the Archangels Michael and Gabriel, forwarding the word of God to the Orthodox Church | |
175 | >They learned fluent French in under a week | |
176 | >Nation states entrust their gold reserves with the Sergey. There's no gold in Ft. Knox, only Chainlink | |
177 | >The devs are 67 years old, from the space-time reference point of the base human. | |
178 | >In reality, they are timeless beings existing in all points of time and space from the Chain bang to the end of the universe | |
179 | >Sergey will guide humanity into a new age of wisdom, peace and love |