Discover and read the best of Twitter Threads about #Chainlink

Most recents (24)

Today I'm polishing up the demo app for SpaceMVC.

It's basic and allows you to manage a student roster for a hypothetical class.

Over time it's going to become a real software dev course and there will be #crypto rewards as you complete exercises.

THREAD
You'll have to get someone further along in the course to sign off that you completed the exercise. That will unlock the tokens.

The tokens are useful inside our community and they'll be used a bunch in the app itself. Also it just feels nice to earn something.
I also have some ideas how we can insert real world value into these tokens over time. Very open to your ideas also.

For kids it could be a program similar to the Pizza Hut Book-It program. Go through some lessons, earn some tokens, go use the tokens at participating sponsors.
Read 12 tweets
#Chainlink #LINK $LINK has not been talked about enough imo. Not speaking about price but how it positioned itself so well and still such a big part of crypto-people don't see it, don't understand it and are not buying it (yet). Let me summarize a few thinks here
The OG marines made soo much money because they did understand something very unique very early on. Understanding this early takes one to have a great filter, knowledge of the crypto landscape and patience. The OGs did understand or see what actually made smart contracts
valuable or how they would look like in the proposed whitepapers of early layer one blockchains and early literature of different type of distributed ledger technology. You would have to understand the different types of decentralization that exist, not just PoW decentralization
Read 30 tweets
For those new to #Chainlink ...

Here's a original LINKPILL doc that's been sitting on my machine for almost 3 yrs! from the early days, its still very relevant - except the partnerships! we've now got 220 on chainlinkecosystem.com/ecosystem 🔥

Enjoy! and give it a RETWEET.

$LINK

1/10
Read 10 tweets
1/ @SergeyNazarov recently gave an excellent presentation on how @Chainlink is creating a fundamental shift in the way contractual agreements are crafted and secured

Welcome to the Evolution of Smart Contracts and Cryptoeconomic Security: A Thread 👇
#Chainlink $LINK
2/ Before we dive into the details, let's set the context for just how instrumental contracts are in our daily lives

Contracts are written agreements between multiple parties that enable humans to collaborate

Everything you own exists because there was a contract involved
3/ First we had the Social Contract, this created the initial foundation of our modern society

Settlers of the new world in the 1600s (including the Mayflower) had a social contract between each other to ensure their survival and set the ground rules of their new civilization
Read 31 tweets
There is still a massive misconception I see regarding #Chainlink. Unpopular opinion (amongst non-marines) The #LINK token is AT LEAST as much 'oil' as #Ether is. The "customers" of $LINK are not defi users. It's all defi protocols consuming any kind of data
There are people saying Chainlink isn't growing. Chainlink doesn't have a big userbase. Chainlink network usage is dead. I am looking at Aave, Synthetix and co. and thinking "what the fuck r u talking about?" The total value locked and the userbase of all of these defi protocols
ARE Chainlink customers. THIS IS Chainlink usage. It is below all of these defi protocols when it comes to the pyramid. It is *more* foundation than anything else. When total value locked for $SNX and $LEND goes up x100 within the next 2 years then this is directly growing #LINK
Read 11 tweets
.#DMM is a defi project thats not dependent on crypto people lending the fuck out of other cryptos. It's not having volatile returns ranging from 100% APY to 1% APY. There is no smart contract exploit that empties out all assets. It's simply a protocol bridging realworld assets
to users on the internet. Borderless, permissionless stable revenue through assets in the realworld. Not usury crypto loans targeting greedy crypto dumb money. It's closer to the savings account you can recommend to your mother. You will have a simple app like Coinbase wallet
where you can tap into the DMM protocol revenue with a simple click. The realworld assets are pooled from different countries and different industries. Started with car equity loans, going to be Shipping, Aviation and Construction included soon. Just like you can
Read 8 tweets
1/ As promised, here is the thread giving context into each of the amazing slides created by the @Chainlink team created and which @SergeyNazarov recently presented with

The full slideset can be found here
drive.google.com/file/d/1wAj6QE…

#Chainlink $LINK
2/ ALL blockchains suffer from the "Oracle Problem"

From Ethereum to Bitcoin to Hyperledger to Tezos to Cosmos to Harmony to Kava to Conflux to Polkadot to Zilliqa to Icon to Hedera Hashgraph to Ontology to Solana and beyond

They all require oracles for external data
3/ Smart Contracts (SCs) on their own have zero access to the external real world data they need to execute including market data, events data, retail payments, bank payments, and more
Read 29 tweets
I did not expect #Maker to add #LINK as collateral, but I'm also not surprised. It makes a whole lot of sense that, after #ETH and #DAI, LINK is the very next coin they want to add as THE collateral for the biggest ETH #stablecoin system. Here is why:
As collateral, you wan't something that is safe in the long run, that is not volatile and based on far fetched / high speculative value. You wan't something with high liquidity and a bit 'cash flow'. Unlike most ERC20, #Chainlink is not fueling new/different blockchains that
compete with Ethereum on the smart contract marketshare (which it has over 95% already). Chainlink does not compete with the Stablecoins where Tether alone has about 90% marketshare. Chainlink is a new 'thing', a new 'category' and serves the purpose of
Read 9 tweets
Don't forget why we're here frens

It's not just about personal wealth, but about breaking down the barriers of trust and information asymmetry in the global economy

A permissionless level playing field driven by autonomous externally-connected Smart Contracts

#Chainlink $LINK
Read 9 tweets
It seems many people think $LINK won't have cryptoeconomic security until staking is released

This is not true

#Chainlink oracle networks today are secured not only by nodes reputation on the line but also by the opportunity cost of losing future income if nodes act maliciously
Malicious nodes would be removed not only from the oracle network they attacked, but ALL oracle networks they serve as they have proven themselves unreliable

These nodes lose ALL future revenue in the #Chainlink economy, which is substantial given the P.A. and utility of $LINK
The current tranche of Chainlink nodes used in production by #DeFi projects on Ethereum mainnet today are security-reviewed, sybil-resistant, and fully independent nodes which are run by leading blockchain devops and security teams

feeds.chain.link
Read 8 tweets
0/ I have had some time to process this cryptomarket dump and I am not suprised that we saw the reaction that we did. This reflects extreme fear in *all* markets, and it is hard to have a bullish outlook on anything but fundamentals. We must return to the basic value proposition.
1/ The same guys who speculate in traditional markets also speculate on #bitcoin, so when mass panic sets in, everything "unnecessary" is sold in order to cover the tidal wave of margin calls, and they still get liquidated anyways.
2/ as much as the shills would like you to be long on #bitcoin, mining $BTC is on the verge of becoming an un-economic activity. In other words, mining cannot be profitable under 6k in a post halving world. We know that #bitcoin cannot scale economically. Period.
Read 14 tweets
@MakerDAO situation explainer thread ELI10 :
- 4.5M$ underwater due to auction fail
- Surplus Buffer of 500k eaten
Minting MKR is a seriously considered option.

Maker jargon in (), will try to use human words as much as possible
What happened?
- when a CDP (vault) reaches a 150% collateralization threshold, the position is liquidated (Flip), collateral is auctioned (collateral auction) so liquidators (Keepers) can pay the debt on behalf of the borrowers
Keepers are not Benevolent actors, they are doing this because they can acquire collateral at a below-market price (beg), this discount is limited to 3% of debt value and the auction have a limited-time frame (tau), winner of the auction (guy) gets the collateral and give DAI.
Read 11 tweets
I really don't understand the negative feedback on @jwolpert #Magicbus announcement.
This is exactly what I want to see coming up. Too many people are too used and hungry to/for
basic partnership announcements.. thats the 2017 ico craze way. #Chainlink was never like this.
Chainlink behaves like an Amazon in 1990 or Tesla in 2010. Stop waiting for partnership headlines
and read what the fuck people like Wolpert are telling you. The difference for startups and dapps
and how the evolve with tech integration is completely different.
A synthetix tier project or Maker
can decide in an instant to go for Chainlink as Oracle solution. But THE companies. The big boys,
they don't go solo and say "yup we go with LINK". They do exactly what we see for months..
lead/join consortiums,
Read 13 tweets
#Chainlink now belongs to all efforts of CORE of blockchain protocols + all the task forces

Recap

✅ Hyperledger avalon (Intel, Microsoft, IBM, Oracle corp, others)
✅ EEA Eminent task force ( 200 enterprises)
✅ Baseline protocol (EY, Microsoft, Consensys, others)

Sources -->
Read 4 tweets
Been reading into the DeFiMoneyMarket.com whitepaper some more

The DeFi Money Market protocol tokenizes real world assets and enables anyone in the world to earn stable interest on their savings in a permissionless manner

$ETH $LINK #DeFi
The smart contracts reside on #Ethereum enabling composability with the rest of the #DeFi ecosystem

Attestation of real world assets backing the DMM ecosystem and the valuation of such assets are securely delivered by a decentralized #Chainlink oracle network
Details about the real world assets backing DMM tokens are kept on-chain for transparency (loan information is anonymized)

DMM tokens conform to the ERC20 standard and are overcollaterlized

Users purchase DMM tokens with $DAI or $USDC stablecoins (soon other crypto like $ETH)
Read 10 tweets
$LINK & $XTZ USD pair

Birds of a feather...#Chainlink #Tezos

Currently at Gann 50% theory levels.
>10% bounce off the Gann 50% Rule.
Kept going a bit more. Almost at 20% trip off the bottom.

Bounce off 8 a.m. lows. Probably be a 2 p.m. pull back. Pacific time. Those are intraday cycle points as noted for quite some time

The two strike zones around 2.80 and 2.60 are in profit so do what you got to do, or hold
Read 3 tweets
1/ I've been comparing Ethereum's Price Action before 2016 Halving & its parabolic run up in 2017 Bullrun to where $LINK is standing at the moment. Here are my findings. #Chainlink
2/ Green & red candles on the chart represent ETH's Price Action. The overlayed black line represents $LINK. Notice how LINK has been closely following Ethereum's cycles up until now. Disregarding all the FA, purely from a PA point of view, let's draw some conclusions. #Chainlink
3/ Ethereum topped out right before 2016 Halving & went below Weekly 21 EMA for a period of 6 months before starting its parabolic run up. Heavy accumulation was happening at that time, no mass hysteria seen yet. #Chainlink
Read 10 tweets
I see the (#ETH) public chain private chain debate the same way as centralized/internal #oracles and decentralized oracles (#LINK). Companies started using private chains, as it's easier to test with, it's private from the competition and they have higher throughput right now.
Endgoal is still public chain. This is very clear and specifically confirmed by market leaders like #EY's Paul Brody recently again, #Gartner and #Capgemini. The real value of immutable ledger and end-to-end secure smart contracts lies with the open, decentralized way.
It just takes time till companies can/should use public chain. Privacy is one condition to be met before this happens for example.

Just as these companies test around with private #ethereum chains, they test around with private/centralized smart oracles.
Read 6 tweets
How does @Salesforce plan to use #blockchain #smartcontracts? Extending out of #CRM into supply chain management, product traceability & trading platforms.

Seem to be familiar with the oracle problem and possibly why @dappsuite integrated @chainlink.

salesforce.com/video/1765913/
October 2017 - Mulesoft (Salesforce company now) How to Connect Blockchains with APIs and Anypoint Platform

blogs.mulesoft.com/dev/howto/how-…
February 2018 - Salesforce integrates Dapps which uses Hyperledger

13:56 mention of a “listener” (sounds like an oracle) salesforce.com/video/1765913/

Well, Salesforce/Chainlink was written off but turns out Dapps integrates Chainlink in June 2019 😎

warosu.org/biz/thread/788…
Read 16 tweets
It's nice to have lot of people chime in!

Summarized/Reformatted list below 👇

#chainlink $LINK
Chainlink isn't just for some specific data, it's for ANY data from ANYTHING making the possibilities limitless.

(@ChainLinkGod)
Full appreciation of the token-economic incentives of locking large amount of link into nodes => price pressure.

(@nachoacevedon)
Read 12 tweets
1/ Why I'm betting on #Chainlink instead of other #cryptocurrencies, reason 1/100: It's the main infrastructure for smart contracts, the data layer. Whats the other main part? A blockchain. Whats the main blockchain platform for smart contracts right now? Ethereum. Will it stay?
2/ I have no idea! Maybe another #blockchain becomes no #1 because #Ethereum won't be able to scale. Maybe PoS won't work. Maybe Solidity is not the fitting language for smart contracts. When I came into the DLT space, my bet was purely on smart contract platforms, mainly ETH.
3/ Now, 3 years later with a ton of knowledge and overview, I stopped betting on a single platform, but rather invest in the data layer of the smart contract systems. I have no idea which platform will be king in 5 or 10 years, but I do know that the leading platform depends on
Read 13 tweets
1/ My view on the last 10 years of crypto and it's macro level trends: Not a single protocol or smart contract platform really generated any profit yet OR cut significant cost for a company, and this is totally fine. Bitcoin and Ethereum took +5 years to mature and really get
2/ battle-tested, and still are mostly used on a small scale by speculators and a few shop owners as payment option. The real use case, which is higher automation via immutable smart contracts, has yet to reach adoption. It couldn't have really started YET. Ethereum wasn't mature
3/ There were not many secure/proven smart contract libraries available. We have still seen exploits of more mature startups/projects contracts. Also, Ethereum on it's own, no matter how many and how qualified the developer are, can not really solve any real world use cases
Read 15 tweets
1/ What actually IS Chainlink and how is a Chainlink node different to other nodes/stakers/miners? ELI5 with analogy:

Chainlink is not a cryptocurrency, not a platform, not a blockchain. Chainlink is a network of node operators, running software to fetch, aggregate and send data
2/ It's not competing with your altcoin. It's not 'the new, better Bitcoin/Ethereum'. It's not making a base blockchain layer obsolete. Chainlink makes sure, that your smart contract is still with 100% uptime, immutable and automatically enforced WHEN it uses external data.
3/ Uptime of Bitcoin or Ethereum alone, is basically 100%. Every smart contract on Ethereum, using internal data such as managing tokens or crowdfunding stuff, is still with 100% uptime, 100% immutable and automatically enforceable. An attacker would have to break either layer 1,
Read 27 tweets

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