Discover and read the best of Twitter Threads about #chainlink

Most recents (24)

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
1/Value of networks and protocols scales really different. Payment coins don't scale well in value. It doesn't add much value if 'just another' exchange or merchants list it. Smart Contract platforms like ETH scale better but still not well. For any exchange, merchant AND dApp,
2/value increases, but still only a bit. Ethereum doesn't make a difference between a contract executing 10$ worth of assets and a contract with 100,000,000$ being executed. The execution itself by Ether still costs just a few cents. You can tokenize a trillion-dollar worth of
3/real estate on Ethereum and the market cap still doesn't increase much. So what does scale better, with the actual underlying value/managed assets by the contracts? It's Chainlink. The token economics of Chainlink is the best scaling value capturing protocol I've seen so far.
Read 10 tweets
Connectivity 💾↔️⛓️
Privacy 🔒
Scalability 🌐

These are the three main roadblocks preventing #SmartContracts from reaching mass adoption today

#Chainlink $LINK will play a major role in bringing this space to the next level, making Web3.0 a reality

A thread ⏬
Connectivity is the main problem that Chainlink tackles

Smart Contracts cannot natively access data outside the blockchain, they need an off-chain Oracle to fetch the data and bring it back on-chain

More details about the connectivity problem below ⏬
The next major roadblock is Privacy, it is a deal-breaker requirement for any level of enterprise adoption of Smart Contracts

Large institutions cannot leave public breadcrumbs about their sensitive financial dealings on a public immutable ledger that can be observed by anyone
Read 22 tweets
The key value of #Blockchain is immutable state and censorship-resistant access to that state

Unfortunately state changes are limited to direct user inputs, which isn't ideal for contracts that affect multiple parties

This space is still missing the other half of the equation
What we're missing is a trust-minimized and provably secure off-chain agent that can reliably trigger a state change on the behalf of the contract's beneficiaries

Importantly, that state change can be based off of the real world data ALL traditional real-world contracts require
I think you know what I'm getting at

>>> Oracles <<<

The vast majority of useful #SmartContracts will need secure oracles as the data they require to execute is off-chain

#Oracles are the bridge between the on-chain world and the off-chain world

The gatekeeper so to speak
Read 14 tweets
1/ For those who were not in the #Chainlink ICO, some food for thoughts around the hype back in 2017:
2/ There was only 2649 token sales participants
3/ $29MM out of the $32MM crowdsale was sold during pre-sale
Read 12 tweets
Since this post is coming back, and is a good essay at wondering if the Oracle Problem is more of a social problem than technical problem, a couple of notes :

#Chainlink
1/ When talking about the i/o problem, you rely on the accounting side of the oracle. Solving the Oracle problem is also about preventing the tempering of the input, not just making the source accountable. Also *Input* to the SC doesn’t mean the source of the Oracle (truth).
2/ Tracking bad oracle calls on the Blockchain is just a detection mechanism not a problem solver.

Just like everything before Bitcoin was detecting fraud of digital money not preventing/solving the double spending problem.
Read 7 tweets
#Chainlink is the first “middleware protocol” to cross a billion dollar valuation in this bull market, expect more to come.
On a side note, the $LINK army is crypto’s newest formidable social swarm.

Maybe I get extra exposed to it because of the “middleware protocols” thesis, but feels like it came out of nowhere...

Price precipitated or other catalyst?
To clarify, it’s the size of the “$LINK marines” that’s surprising.

I’ve been aware of Chainlink from Twitter pings re: my middleware post , @alexhevans at ETH SF, etc, but to be the 4th most discussed cryptoasset on Twitter (per @theTIEIO) is no joke )
Read 5 tweets
Why #CHAINLINK is headed to top10+ this year? Thread

━━━━━━━
┃ $LINK ┃
┃ $25-$35 ┃
┃ Q4 2019 ┃
└━━━━━━ ┘
7 ┃ 8┃ 9┃ / ┃
━┛━┛━ |━ ┛
4 ┃5 ┃6 ┃ + ┃
━┛━┛━┛━ ┛
1 ┃ 2 ┃ 3 ┃ = ┃
━┛━┛━┛━ ┛
(2/N) #Chainlink / $LINK is integrated with 9 PLATFORM entities/enterprises:
(3/N) #Chainlink / $LINK is used by 24 projects / entities / enterprises
Read 28 tweets
The Chainlink / Facebook Connection
Thread including all things Facebook blockchain, GlobalCoin / Project Libra / stablecoin, and key employees (incl. dates & references) + Chainlink breadcrumbs.
#GlobalCoin #ProjectLibra #Libra #Blockchain #Crypto #Chainlink #4IR #Facebook $LINK
January 4, 2018
Mark Zuckerberg on "fixing" @Facebook and working towards decentralization facebook.com/zuck/posts/101…

#GlobalCoin #ProjectLibra #Libra #Blockchain #Crypto #Chainlink #4IR $FB $LINK #Facebook #Decentralization
May 8, 2018
After four years at the helm of @messenger , @davidmarcus will be leaving the team to lead a small group of @Facebook employees to explore what blockchain technologies can do for the social media giant. facebook.com/davidm/posts/1…

#Facebook #Blockchain #GlobalCoin
Read 25 tweets
0/ The last day in February is here. Already over 15% through the year!

As always, there was a ton going on in the #blockchain/#crypto space today. Let's look back at some events from the past 24 hours!
1/ 🔲 Square, the payments giant led by Twitter's Jack Dorsey, reported its 4Q18 earnings. In total, users of Square's Cash App sold >$166M worth of #bitcoin in 2018 and $52.5M in 4Q. Considering the timeframe, that's some very solid QoQ growth! Graphic from @TheBlock__.
2/ 🤓 @BinanceResearch published an in-depth research report on @IOStoken [ $IOST ], a #blockchain-as-a-service platform focussed on mass adoption. Love this initiative from @Binance. info.binance.com/en/research/IO…
Read 16 tweets
@PleaseProtocol Blockchain has already been widely accepted by the Innovators & Early Adopters.

2016: slideshare.net/manofsteelpan/…
2017:
&
2018: medium.com/@unicornlaunch…

Next: North American Early Pragmatists (see CNBC video)
cnbc.com/2018/12/18/sel…
@PleaseProtocol State vs. Bitcoin by @profwitiger

a single prophet is worth a million consultants
Read 19 tweets
0/ Back from #Sydney and can think of no better way to get myself back up to speed than by putting together a daily thread.

Read on to find out what's been going on in the realm of #crypto and #blockchain over the past 24 hours!
1/ 🔛 @0xProject [ $ZRX ], an open protocol for decentralized exchange on the #Ethereum #blockchain, unveiled 0x Instant.

Buy #crypto with one click via your favourite dApps, price feeds, NFT marketplaces, non-custodial wallets and more. Game changer! blog.0xproject.com/introducing-0x…
2/ 🔢 Following their popular 'The State of the Ethereum Network' post, leading #blockchain startup @ConsenSys shared an updated look at various #Ethereum-specific metrics.

Click below to see the latest data on nodes, devs, users, transactions and more! media.consensys.net/ethereum-by-th…
Read 20 tweets

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