Crypto Currency Thread
Discussion
Thesprucegoose said:
the Italian government is going to use chainlink an eth token, sounds like b
ks.
https://twitter.com/LINKNewsOracle/status/1134934855773511680ks.Scroll down a little:
https://github.com/reale/ipa-cl-ea
Edited by DrSteveBrule on Monday 3rd June 14:35
DrSteveBrule said:
https://twitter.com/LINKNewsOracle/status/11349348...
Scroll down a little:
https://github.com/reale/ipa-cl-ea
it's not what you posted though, ''the Italian Government announced they'll be using it ''.Scroll down a little:
https://github.com/reale/ipa-cl-ea
Edited by DrSteveBrule on Monday 3rd June 14:35
The dev works as a contractor for the government, and has a good crypto background, but we don't know the full intentions and the api could there to pull information only.
my understanding is oracles and smart contracts are it selling point but with the added bonus of solving the validation and verification process over large scale with its threshold Signatures patent.
it is current and newish so could be the next thing, but why do people have to shill it along with just too many coins being available. Considering i sold my many thousand of xrp before it went big(nor food as holding), it might actually make some money..
it is current and newish so could be the next thing, but why do people have to shill it along with just too many coins being available. Considering i sold my many thousand of xrp before it went big(nor food as holding), it might actually make some money..
Have a look at the top 30 coins and weed out the ones that serve no use; Dogecoin; the numerous tethers, Litecoin etc. The ones that are left are the ones that possibly have a legitimate purpose and application. Link is high on that list of contenders.
Anybody who still thinks that the value in crypto is from it's ability to take the place of banks and fiat is deluded. It may work alongside but it will never replace.
The value now, ironically, is in which tokens are going to make the financial institutions more money.
SWIFT has been working with Chainlink for a couple of years now; there's a strong case that they will use the forthcoming EU PSD2 Directive (which becomes law in September this year) to make money from third parties wanting access to bank's customer information via APIs. Those APIs will be run on the Link network and will incur a payment in Link to access them. If SWIFT owned a huge amount of Link and could increase the value of Link, it will make it expensive for third parties to get the information. Those who do pay make SWIFT wealthier yet SWIFT are complying with the law.
I've seen it explained thusly; the EU decide that every construction company across Europe will have to lend their tools to any novice who fancies themselves as a builder, and if it all goes wrong then those construction companies will be the ones who have to clear up the mess.
How do you turn this to your advantage?
You make the tools freely available, but they are locked up in a shed. The tools are free, but you're going to have to pay a premium to get the door to the shed unlocked.
Anybody who still thinks that the value in crypto is from it's ability to take the place of banks and fiat is deluded. It may work alongside but it will never replace.
The value now, ironically, is in which tokens are going to make the financial institutions more money.
SWIFT has been working with Chainlink for a couple of years now; there's a strong case that they will use the forthcoming EU PSD2 Directive (which becomes law in September this year) to make money from third parties wanting access to bank's customer information via APIs. Those APIs will be run on the Link network and will incur a payment in Link to access them. If SWIFT owned a huge amount of Link and could increase the value of Link, it will make it expensive for third parties to get the information. Those who do pay make SWIFT wealthier yet SWIFT are complying with the law.
I've seen it explained thusly; the EU decide that every construction company across Europe will have to lend their tools to any novice who fancies themselves as a builder, and if it all goes wrong then those construction companies will be the ones who have to clear up the mess.
How do you turn this to your advantage?
You make the tools freely available, but they are locked up in a shed. The tools are free, but you're going to have to pay a premium to get the door to the shed unlocked.
DrSteveBrule said:
The ROI on Dogecoin is 446%
THE ROI on Link is 534%.
But we weren't comparing them it was in response to you saying they were useless. The problem with shills is people actually end up not investing because they think why do they have to shill all the time.THE ROI on Link is 534%.
(Yes sorry dodgecoin...)
Thesprucegoose said:
DrSteveBrule said:
The ROI on Dogecoin is 446%
THE ROI on Link is 534%.
But we weren't comparing them it was in response to you saying they were useless. The problem with shills is people actually end up not investing because they think why do they have to shill all the time.THE ROI on Link is 534%.
(Yes sorry dodgecoin...)
My intention has been to explain why I bought into chainlink and the reasons why I think it stands a good chance of succeeding. I'd never say 'You must buy this, it's a dead cert for riches'.
I know nothing about most of the other coins so I can't vouch for how successful some of those may or may not be.
Pi. A mobile crypto mining project by a group of Stanford PhD graduates.
thoughts?
Interesting Reddit page
thoughts?
Interesting Reddit page
x5x3 said:
Pi. A mobile crypto mining project by a group of Stanford PhD graduates.
thoughts?
Interesting Reddit page
This has already been done by Electroneum (ETN).thoughts?
Interesting Reddit page
https://electroneum.com
whatxd said:
DrSteveBrule said:
Chainlink update: Google have announced they are using it. Price has risen accordingly.
I'm FOMOing at the mouth, where would you buy it and then store it?Could it go on a Ledger?
DrSteveBrule said:
Buy at Binance (they've recently opened a Jersey-based exchange) then store on a paper wallet (instructions online) and yes it can be stored on a Ledger Wallet - that's where mine are.
Never understood the need for a paper wallet. It's offline, big deal. What happens if you lose it, it's destroyed or someone steals it. Yes exchanges get hacked but tbh I'd still trust an online store much more than a bit of lose paper stored in my desk drawer.Guvernator said:
DrSteveBrule said:
Buy at Binance (they've recently opened a Jersey-based exchange) then store on a paper wallet (instructions online) and yes it can be stored on a Ledger Wallet - that's where mine are.
Never understood the need for a paper wallet. It's offline, big deal. What happens if you lose it, it's destroyed or someone steals it. Yes exchanges get hacked but tbh I'd still trust an online store much more than a bit of lose paper stored in my desk drawer.https://www.coindesk.com/hacked-crypto-exchange-cr...
Don't be daft by keeping your Crypto on an exchange of any kind. Plus, the exchange can cut off access when ever they wish.
sicasey said:
Tell that to the poor people who used Cryptopia exchange. Sure, it wasn't as big as Binance etc. but still large enough..
https://www.coindesk.com/hacked-crypto-exchange-cr...
Don't be daft by keeping your Crypto on an exchange of any kind. Plus, the exchange can cut off access when ever they wish.
I work in IT, I think I can come up with a much better way to keep a long hexadecimal code safe, backed up and secure other than writing it down on a scrap of paper or putting it on a battery powered device that I could easily lose or the battery runs out. Just saying this "keep it offline thing" is a bit too tin foil hat IMO. https://www.coindesk.com/hacked-crypto-exchange-cr...
Don't be daft by keeping your Crypto on an exchange of any kind. Plus, the exchange can cut off access when ever they wish.
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