Can I get a quick rundown on SWIFT? Who the fuck are they and why does it matter that Chainlink is working with them?
Quick rundown
Asher James
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Austin Stewart
How does a trillion dollars in transfers a day sound?
Brandon Richardson
Chainlink is not working with them
Henry Jones
You had 3 years
Jayden Carter
Go look in the archives newfag
Wyatt Ramirez
Thats the scam user you figured it out. People who fall for this will be swiftly rekt
Jacob Harris
Pic related... Literally at the bottom of every CL job opening
Lincoln Nelson
SATAN'S PAYMENT SYSTEM FOR PRISON PLANET PARADIGM
Jason Wood
Charles Taylor
At this point, when Oracle is finalized, in use, and announced formally, we can finally come to the conclusion that SWIFT is 100% going to be using the Chainlink network.
Why?
Because Oracle wouldn’t integrate (note integrate, not partner) and funnel trillions of data through the Chainlink network.
Plus, by Oracle coming first, it allows the networks captured value to rise to a mid point to where SWIFT can then jump in the Frey.
Christian Hernandez
Oracle is already announced Q3 this year
Isaac Gray
check this boyo
Henry Thompson
Link price eoy?
Owen Bailey
...
Ayden Martin
Does that make a sound?
Jacob Lewis
It’s actually about 6 trillion per day
Carter Bennett
Imagine the smell though
Joshua Ward
Haha that alot of money, no way this world will let us losers have that much r-right?
Connor Brown
SWIFT only profits 31m eur (almost 35m usd) a year in profit. 760eur in operating costs, so the MAX that switching to CL and it making logical and social sense (firing 3k employees, i chose 80% or 20% discount) would be about 2 dollars per year per link, or .68 cents fully diluted.
2 dollars EOY!
Nolan Hall
Ripple/XRP is going to kill this
Jaxson Edwards
You realize the majority of value of LINK doesn't come from the jobs performed but the collateral on nodes it represents to ensure contracts resolving with value in the millions to billions are secure?
Benjamin Rogers
Maik I know this is you, sorry buddy you backed the wrong horse
Grayson Phillips
Stay poor zerp
Austin Flores
Zerp still has a chance to bend the knee
Luis Sanders
Only after you kys
Noah Diaz
I don't think they even notice us desu. These big whales don't give a shit if some small fishes get to eat some planktons.
Andrew Williams
This, you have to remember in a few years it's dolphins turned to whales. Such is the nature of the game
Ethan Lee
In a few beers whales turn into dolphins.
Michael King
Hellllooo reddit. Great brainlet tier take, right up there with the XRP retard.
You do realize there are already insurances in place against these failures that would be brought over right? That a failsafe system of a few dozen nodes would never fully fail. and therefore the penalty for a failure to report/tampered data will never have to actually cover a full transaction (it will only be a slap on the wrist, 5% of their 1/50 covering maybe 25-50% (jew insurance covers the rest)?
Ignoring all that and pretending your dumbass take is real, if CL takes over the entire swiftGPI platform (85% of their total traffic) and bumps the efficiency to the levels it promises (almost all transactions completed in
Wyatt Clark
kek
Lincoln Ross
No one has answered the question of who the fuck is SWIFT and what do they do and why are they important. I've never heard of this company until I heard of Chainlink.
Jeremiah Allen
It doesn’t matter. Swift is using corda and Corda is not using chainlink. There is no connection here since that POC work they did for swift in 2017.
Anthony Torres
XRP is for chads
Juan Butler
last year was 77trillion. assuming most banking is done on 5 day a week schedules id say 260 days last year or 300billion a day. that was with only 3500/11,000 of their banks though. prior to this they handled around 5trillion a day they are really only doing the smaller banks right now. they have claimed they plan to have all 11k members on swiftGPI by the end of this year though. chainlink has been confirmed to have built their oracles. no idea if they will be on the main chainlink network or the dreaded shadow fork
Cameron Long
Why doesn’t swift come out and say they are using chainlink oracles?
Adrian Perez
SWIFT won't exist in 2 years
Liam Ross
>I've never heard of this company until I heard of Chainlink.
ngmi
Anthony Kelly
You are valuing it like a traditional stock P/E which is incorrect. Its a network/protocol and revenue valuations are faulty metric here.
No one knows what sufficient collateral will look like you are just assuming, and in the faggiest way possible, trying ooze your supposed intellectual superiority. I'm also all in LINK and have been DCAing since late 2017 through 2018.
You're assumption doesn't make any sense either because even if redundancy is being used to a large degree(which it will) and 1/100 nodes in the aggregated answer fails resulting in penalization, companies will still want complete monetary insurance. SWIFT won't be transacting millions/billions in value with out complete assurance. What if there is a total system failure in proper aggregation? Even once would be catastrophic.
You don't do anymore research than anyone else here. It wouldn't surprise me if nodes were required to have 100% collateralization for jobs they were performing because everyone will be hedging with derivatives in case of failure anyway.
Network isn't a company, you don't know shit.