Uhh what?

coindesk.com/bsn-localized-chains

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whats the problem

Just latestage 1984

OP doesn't know what this means and he's posting this thread in the slight hope that someone else will answer for him.

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@22554530 that's a hell of a box is it urs?

>@22554530

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No it's a photo from the internet. Anyways I have most of the big boxes in the pic plus much more. I love collecting big boxes of 90's games.

Currently trying to get pic related.

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fucking zoomers

So if I'm reading this correctly, BSN or China or whatever will run nodes on these different networks. The nodes will only accept a digital renminbi instead of the network token (ETH, XTZ, etc). So I am assuming, then, that this applies to the oracle layer too. BSN will run its own chainink nodes but the nodes will not be paid in LINK.

AHHHHHH. Not sure I'm reading this right, but it seems pretty straightforward. Also, this was highly highly predictable. China doesn't want local currency flowing out into other systems or countries and wants to keep tight controls over its monetary policy.

that’s what I read.

>not using btc
>not using eth
>but using the token built on eth
kek

tribes 2? come on man.

You're literally retarded. Jesus.

blockchain agnostic

Why you say that?

>BSN will run its own chainink nodes but the nodes will not be paid in LINK.
That makes no fucking sense at all

If Chinese users of BSN apps are paying in renminbi and only exposed to renminbi, then if the nodes they're interacting with are being paid in the network token (LINK, ETH, XTZ, etc), then there's some kind of swap taking place at the time of transaction. That makes sense. Is that what you're suggesting is happening?

No it's Tribes Z I swear to god

Okay so thinking about this further. It sounds like this is not a 'digital' renminbi, there's no indication of that from the article. Instead renmibi is transferred bank to bank (internal to China) as usual and never leaves the system. But 'fees' are paid to the nodes in their native token through China-based intermediaries (exchanges or whatever) who in turn pay the nodes? Something like that?

user working Beijing here. Sell everything now, Gweilo. ChinaRink is already on Chinese exchanges, it's over. They shadowforked it and stole it like they steal American military tech.

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their aim is never to make sense
its just to make shit up as they go along and hope that someone sells

Go back to Twitter Faggot.

nice box bro literally my childhood

>EQ
>Not AC
absolute pleb box

>mfw china creates the shadowfork

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pls some1 tell me this isnt true

> designated operators
kek now they're working with the Indians?

All of that shit was pulled out of that confused retard’s ass. Why the fuck would it be true? Do you honestly think china has any power in defi? Lol

oh shit David Pan all up in here making threads with his big brain and research skills!!

thats not how LINK works dummy

Read how kaleido is using chainlink without LINK.

LINK token is like bottled water. U only use it on the go. If u got you own source of water then just fork the framework and generate your own private tokens.

It will keep all the involved oracle providers honest.

One don’t need to buy from market.

> you need economic incentives to keep nodes honest
> you don't need to market buy link
topfuckingkek