This really an eye opening interview, Sergey and Chainlink are next level. This will push entire crypto industry to the next level bridging crypto with TradFi.
I am so blessed to be in this space learning things like Chainlink, SWIFT, Tradfi, and crypto. This is a new era. thank you for showing what Sergey and Chainlink is doing. Best episode ever!
This is excellent! Very good coverage and I think it was good that Bankless took a very humble approach to ask basic questions and allow Sergey to iterate on his answers. Sometimes us crypto natives try to show that we are so smart, but we cant possibly know everything about everything. Being in traditional finance for over 20 years, and in blockhain for the past few years, this was needed for the audience to understand how massive the opportunity is here.
I love listening to Bankless, but DAMN... you guys need to do your research on Chainlink. Sergey is clearly a mastermind in his craft. Truly inspiring episode on his part. No offense to you guys. Seriously love your content. I'd love to see another interview soon with Sergey. Hopefully with a better grasp on how groundbreaking Chainlink truly is.
Sergey is a goddamn genius, man. A true visionary. He's gonna completely change the world and the average person isn't even going to know who the hell he is.
Great episode! Thank you! Surprised it’s the first time you are bringing chainlink to the podcast, since it’s such a major part of the eth (and crypto) ecosystem.
The reason why Sergey did not want to disclose exactly how long he's been in this business or what Bitcoin was trading at when he started in this business is because if he did then he would disclose that he is Satoshi. 😊.
CCIP explained with a methaphore: Imagine you have a big, colorful box of LEGOs. You want to build a cool spaceship, but to make it extra awesome, you also want it to light up and make sounds. The problem is, the light and sound pieces come from a different set and need a special kind of battery to work. CCIP, which stands for Cross-Chain Interoperability Protocol, is like a magic bridge that lets you connect your LEGO spaceship with the light and sound pieces, even though they weren’t made to work together at first. This bridge makes sure the battery fits and the pieces can talk to each other, so your spaceship can light up and make noises just like you wanted. In the world of computers and crypto, Chainlink’s CCIP does something similar. It helps different blockchains talk to each other and share information or tokens, kind of like how your LEGOs from different sets can connect and work together to create something new and cool!
Its so hilarious how Brian and David keep trying to use analogies over and over to help themselves and the viewer understand what Chainklink is, but Sergey just hates to be compared to other things and get furious every time 😂😂😂😂
Thanks for the info on swift. I never knew it was based on the transactional based voting scheme. Its like a dinosaur DAO.... wow. This is one of the best interviews I have ever heard Satoshi speak on.
"it will create a global, single shared liquidity layer -- the same layer is for banks AND defi" The Blockchain Trilemma has been reduced to covering 2 sides, because chainlink has solved interoperability. the industry is ready to rise
Just read through comments. If it's too loud, simply turn it down, it went for 1:45mins, it's not rocket science. Sergey pretty much explained everything without too much higher level jargon. His ability to nail all angles was something a person who knows their business can only do. He was clear and percise about what Chainlink, is not.
Ascent is a ve(3,3) DEX that masterfully adapts Andre Cronje's initial vision of Solidly & Thena's Deployment on BNB Chain. The original Solidly fundamentals have been long forgotten, and Ascent aims to revitalize three core tenets.
If you want more ETH swap to LINK. Look at that Link/Eth chart or Link/Btc! The chart lets me know that chainlink is creating real value in crypto ecosystem, thus pulling value from ETH and BTC. Thats the definition of a BLUECHIP protocol. Yall! Dont be caught sidelined. Positioning is key.
In jist, chainlink exists to bring all offchain information onchain? It then creates an environment where it eliminates the need for an intermediary in basically every sector in the economy while simultaneously incentivizing nodes to be truthful? Am i understanding correctly? If so, i see this being able to change society for the better if implemented very well.
Sounds pretty complicated. How does the link token gain value as an investment? I heard the token is not required to hold or use to have a working oracle.
It's value is based on its scarcity. It gets used for gas, but it also gets tied up in smart contracts for collateral as well. When every bank transaction that requires trust less automation is using it at once, the supply will get thinner, requiring the price per token to rise to meet the demand.
So chainlink main bread and butter is using oracles to delivery information . Rather its price feeds, cross chain communication etc. In order to use these oracles you need to pay the fee. The fee must be paid in link. That's a demand. Thats why him saying settling quadrillions... Is a big deal. Imagine the fees...
I worked for Guidewire in Silicon Valley in 2007. During training, they told us their product was born because the insurance industry utilized dated protocols and technology that were foreign to new, younger employees. And, old employees were retiring. So, they created a system to modernize the entire industry. Swift is dated. So, it sounds like Chainlink is extending the life of dated technology. Any technology created in the 70's or prior is dated. The insurance industry modernized their protocols. Banking should too.
smart contracts need oracles to gain off chain data so they can make smart contract decisions. They also need CCIP so their smart contracts can be executed accross ANY chain.
if hes been in the industry since 2010, doesnt that make him Satoshi?! Yes BTC launched 2009, but 2010 is so close, I cant think of much else at that time....hmmmmm. The nearest was Litecoin in 2011, but there was nothing else before 2011!! The first BTC transactions were Dec 2009.
This sounds like banks aren't willing or capable of change so Chainlink has to figure out how to take this old guard into the future . Sounds like chainlink is gonna let the incumbent join our world so thwy can own that too great 👍 super exciting lol this sounds lime Quant
Has much I read continue watch this type interviews the more I get lost with the technical talk that doesn’t explain shit. But I still love it perhaps this are the reasons boomers don’t understand anything about crypto cause this crazy talk 😅😅
The part about "intent" sounded very interesting. It would have been nice to see it addressed in much more detail. Unfortunately the guest totally shot it down because it looked to me like it didn't fit into his worldview. He immediately focused on execution. That's important but I want my intent executed. I'd like a system that executed my intent without me having to deal with all the complexities. This industry is screaming for decomlexification. Those who make it a lot easier for the average person will make billions.
This is not financial advise. Bitcoin and Bitcoin Only. Master your understanding of Bitcoin. Bitcoin is Digital Energy. Anything any Crypto can do can be accomplished on Bitcoin through it’s L2s and Sidechains.
Chainlink and GRT (Graph) have a lot of similiarities as per usecase the main difference is Chainlink is already £10 while GRT is 0.10p....Hmmmm decisions decisions..
Bankless absolutely dumbfounded that someone is building something other than a ponzi. glad to see the guest but disappointed in how unprepared and unaware you guys are. truly shows what you know and highlights the content you watch.
Bankless is the epitome of the Drake meme: >Condense this information down to a 45 min episode...Nah! >Stretch this episode out to an hour and forty-five minutes...Hell Yeah! Bankless provides good information. I just wish they were respectful of their audience's time.
@@EnArrozYHabichuelas Impossible not to get swallowed up by the content avalanche if you take that strategy. Looking at my podcast feed, there was 6 hours worth of content on the Bankless feed alone the week of the 20th (not counting all the attached properties in the Bankless universe and not counting anything else you might want to consume). And they have had for 'worse' weeks. Part of being a great content producer is having great editors - trimming word counts, movies, etc. If directors had their way, movies would be 5 hours long. If writers had their way, articles would take up the entire paper...and on, and on, and on. Great content requires curating (if everything is special, then nothing is).
Want early access to episodes and a fully ad-free experience? Sign up to become a Bankless Citizen bankless.cc/GoAdFree
This really an eye opening interview, Sergey and Chainlink are next level. This will push entire crypto industry to the next level bridging crypto with TradFi.
This guy is not playing. He's taking it seriously. Exactly what we need in crypto and what will have traditional orgs on-board into cryto.
exactly
Facts 🔥
Sergey is here to make things real. A GIGA CHAD.💖🔥
My favorite episode so far, great job Bankless! This Chainlink technology stack is exciting. This excites me.
Love Bankless, Sergey and Chainlink, thank you for bringing this together finally!
How does the company Chainlink make money/fiat and pay its employees?
I am so blessed to be in this space learning things like Chainlink, SWIFT, Tradfi, and crypto. This is a new era. thank you for showing what Sergey and Chainlink is doing. Best episode ever!
Sergey has been seeing the whole picture for years, and building, for years toward this goal. The future we all want and need.
Great episode, I feel we’ll be diving more into Chainlink going forward which I’ve always been bullish on 😊
This is excellent! Very good coverage and I think it was good that Bankless took a very humble approach to ask basic questions and allow Sergey to iterate on his answers. Sometimes us crypto natives try to show that we are so smart, but we cant possibly know everything about everything. Being in traditional finance for over 20 years, and in blockhain for the past few years, this was needed for the audience to understand how massive the opportunity is here.
I love listening to Bankless, but DAMN... you guys need to do your research on Chainlink.
Sergey is clearly a mastermind in his craft. Truly inspiring episode on his part.
No offense to you guys. Seriously love your content.
I'd love to see another interview soon with Sergey. Hopefully with a better grasp on how groundbreaking Chainlink truly is.
a man with a vision ! superb episode!
Great episode! Sergey has the correct vision for the crypto space.
Bankless boys should read the Chainlink white paper before asking about technical questions. They looked lost and unprepared throughout the interview.
I agree
100%
David looked like he wanted to go to sleep.
lmao ikr@@luissota267
It's obvious they don't like Chainlink cuz it's coming to flip ETH
There's no biggest Chad than Serg, what a legend.
Great interview. best explanation of link with lots of good questions from the interviewers to dispel the link fud
Sergey knows the tech, he knows the business logic, he knows the tradFi landscape and he knows where Chainlink is headed ....
Makes sense.
The best line by Sergey “Yes way”, “Yes way”
new meme :-))))
Makes sense.
Geezzz this guy seems like he can see the matrix. I'm convinced
Sergey is a goddamn genius, man. A true visionary. He's gonna completely change the world and the average person isn't even going to know who the hell he is.
makes sense.
Great episode! Thank you! Surprised it’s the first time you are bringing chainlink to the podcast, since it’s such a major part of the eth (and crypto) ecosystem.
Sergey has been on multiple times...
@@williamholden7644 for some reason I thought they said it’s the first time, maybe I’m hearing things.. 😅
@@williamholden7644 for some reason I thought they said it’s the first time, maybe I’m hearing things.. 😅
Sergey is a genius. There's a strong chance that he might be tge creator of btc
someone has been watching chico crypto
Satoshi has 1m BTC, never sold one
Sergey sells a shit ton of LINK frequently
Exactly. He will never sell BTC.
I heard that people thought he was satoshi.
imagine that: he created BTC, and then the protocol that allows it all to work together.
No lol it literally makes no sense@@nickrodriguez9867
Would have been nice to learn, if CCIP become what is imagined , how the value flow back to link token holders ?
As I know, those who integrate CCIP will pay fee in LINK for the service
token not needed. They may well dispose of the tokenomics as time moves fwd.
Bankless being essentially clueless on how Chainlink works is bullishhhhh
Right !!! It’s almost as if these two men have never even looked into Chainlink ……
its actually astounding how dumbfounded they look.
The reason why Sergey did not want to disclose exactly how long he's been in this business or what Bitcoin was trading at when he started in this business is because if he did then he would disclose that he is Satoshi. 😊.
Facts🙌
Yes way!
makes sense.
CCIP is the type of tech needed for mass adoption. I’m big on partnerships, and it gets no bigger than SWIFT
makes sense.
Nice presenting from chainlink. Awesome episode from Bankless as usual
Sergey is serious, quadrillion, let's goooooooo
CCIP explained with a methaphore: Imagine you have a big, colorful box of LEGOs. You want to build a cool spaceship, but to make it extra awesome, you also want it to light up and make sounds. The problem is, the light and sound pieces come from a different set and need a special kind of battery to work.
CCIP, which stands for Cross-Chain Interoperability Protocol, is like a magic bridge that lets you connect your LEGO spaceship with the light and sound pieces, even though they weren’t made to work together at first. This bridge makes sure the battery fits and the pieces can talk to each other, so your spaceship can light up and make noises just like you wanted.
In the world of computers and crypto, Chainlink’s CCIP does something similar. It helps different blockchains talk to each other and share information or tokens, kind of like how your LEGOs from different sets can connect and work together to create something new and cool!
Top episode!!!!!!!
The best interview I have heard on the Bankless 🎉
This was an excellent interview, feel like I learned so much. Great job, guys. It's all very exciting.
I was here in October of 2023 buying Chainlink under $8.
This will age well
this will age well
This comment should become an cross-chain compatible NFT on Lukso powered by CCIP
Its so hilarious how Brian and David keep trying to use analogies over and over to help themselves and the viewer understand what Chainklink is, but Sergey just hates to be compared to other things and get furious every time 😂😂😂😂
Thanks for the info on swift. I never knew it was based on the transactional based voting scheme. Its like a dinosaur DAO.... wow.
This is one of the best interviews I have ever heard Satoshi speak on.
I am favored, €50k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America 🤗🤗🤗
"it will create a global, single shared liquidity layer -- the same layer is for banks AND defi"
The Blockchain Trilemma has been reduced to covering 2 sides, because chainlink has solved interoperability.
the industry is ready to rise
interoperability: chainlink
Security: bitcoin
TPS: ???
protect this man at all cost
That's the one thing that always concerns me with people like this savant; if he dies, then what. Same as Ellio Musk
Chainlink FTW 🚀
I was able to be part of Link ICO at .17. But this video was still very educational for me. Thanks
Best interview. Much thx
Is chainlink also working with transfer agents for stocks? So shares can be directly registered to the blockchain.
Tradfi shares registered on chain?
great f'ing episode, og bankless vibes, very educational as well
Great interview guys. Thank you!!
I love this man
Just read through comments. If it's too loud, simply turn it down, it went for 1:45mins, it's not rocket science. Sergey pretty much explained everything without too much higher level jargon. His ability to nail all angles was something a person who knows their business can only do. He was clear and percise about what Chainlink, is not.
There is a version that Sergey is Satoshi. Sergey Nazarov (SN) - Satoshi Nakamoto (SN)🤔
Makes sense.
Great episode. I dont' own enough link.
Great episode and great questions. Thanks 🙏
Sergey is the man. Beyond bullish on Chainlink!
Ascent is a ve(3,3) DEX that masterfully adapts Andre Cronje's initial vision of Solidly & Thena's Deployment on BNB Chain. The original Solidly fundamentals have been long forgotten, and Ascent aims to revitalize three core tenets.
Sergey mentioning carbon credits under the radar. I wonder how much he really knows about what it coming.
A heap.
im heavy link but i know im backing the devil.
If you want more ETH swap to LINK. Look at that Link/Eth chart or Link/Btc! The chart lets me know that chainlink is creating real value in crypto ecosystem, thus pulling value from ETH and BTC. Thats the definition of a BLUECHIP protocol. Yall! Dont be caught sidelined. Positioning is key.
Watched the whole thing. learned a lot
Amazing Episode! learned a ton from this one!
I was here October 2023, buying Chainlink at 8$. I will be rich.
There is a place for you in the citadel.
I know it’s taboo to say on this channel but I think Chainlink is as important as Ethereum. It is boundless!
amazing Episode! Thank you!
Greetings from Peru
Awesome Episode - thanks!
I would love to hear/watch an „Crypto/Makro Outlook“ with him and Michael Saylor 😅
Thanks, this was a great episode
Chainlink it's huge, humanity needs it
makes sense.
Actual real use value
In jist, chainlink exists to bring all offchain information onchain? It then creates an environment where it eliminates the need for an intermediary in basically every sector in the economy while simultaneously incentivizing nodes to be truthful? Am i understanding correctly? If so, i see this being able to change society for the better if implemented very well.
The thumbnail is priceless 😂
So wonderfully dramatic hahaha
What is the utility of the LINK token?
chainlink, the future.
I've been trying for more than 2 years to understand how Link makes money, maybe I need another 5 years for CCIP
Why do you all look like you arent enjoying this chat?
They look like they didn't know anything about LINK.
They don’t like anything in crypto where ethereum doesn’t have the spotlight.
Transactions, messages and functions to swallow all of the world’s value.
Lol every analogy or example that they try to use is most of the time shut down by Sergey 😂
Bitcoin. Ethereum. Chainlink.
the holy trinity of blockchain
FACTS🙌
no need for anything else.
@Bankless.. thanks for all your knowledge. Can you also interview the people from Polygon (Again), and also STACKS, SOVRYN and EVMOS
Great podcast
SN = SN you’ve had years
makes sense.
Sounds pretty complicated. How does the link token gain value as an investment? I heard the token is not required to hold or use to have a working oracle.
It's value is based on its scarcity. It gets used for gas, but it also gets tied up in smart contracts for collateral as well. When every bank transaction that requires trust less automation is using it at once, the supply will get thinner, requiring the price per token to rise to meet the demand.
So chainlink main bread and butter is using oracles to delivery information . Rather its price feeds, cross chain communication etc. In order to use these oracles you need to pay the fee. The fee must be paid in link. That's a demand.
Thats why him saying settling quadrillions... Is a big deal. Imagine the fees...
Well put
This guy is kinda intense.
What are systems other than Uniswap X are going to use ‘intents’?
I worked for Guidewire in Silicon Valley in 2007. During training, they told us their product was born because the insurance industry utilized dated protocols and technology that were foreign to new, younger employees. And, old employees were retiring. So, they created a system to modernize the entire industry. Swift is dated. So, it sounds like Chainlink is extending the life of dated technology.
Any technology created in the 70's or prior is dated. The insurance industry modernized their protocols. Banking should too.
In all fairness to the bankless guys, Sergey is a beast and CCIP is exciting but complicated. Anyone would struggle to interview this brainiac !
Intetesting concepts but i do not understand why we cant just use smart contracts.
It's not a concept. This is what's already happening.
smart contracts need oracles to gain off chain data so they can make smart contract decisions. They also need CCIP so their smart contracts can be executed accross ANY chain.
5 minutes of commercials. Wtf guys
20:00. Actual control of the asset in regards to stablecoins, is untrue. Tether can freeze your USDT, etc.
I would to see you guys have Jules Urbach on! The Creator of Render Network. Gaining access to decentralized compute world wide!
if hes been in the industry since 2010, doesnt that make him Satoshi?! Yes BTC launched 2009, but 2010 is so close, I cant think of much else at that time....hmmmmm. The nearest was Litecoin in 2011, but there was nothing else before 2011!!
The first BTC transactions were Dec 2009.
not really a lot of us have been around this scene since before bitcoin.
He could well be Satoshi. SN= SN.
Makes sense.
This sounds like banks aren't willing or capable of change so Chainlink has to figure out how to take this old guard into the future . Sounds like chainlink is gonna let the incumbent join our world so thwy can own that too great 👍 super exciting lol this sounds lime Quant
Why is it trust minimized versus trust maximized?
because its trustless. Trust is not needed.
@@peterRobinson10101 haha I've heard that before:)
Link to the Moon!!!
You do realise Sergey is Satoshi.
Listen carefully gents.
We are all blockchain maxis fs - whether you’re on the @bankless side of the chain wars or not
Hey Bankless, Sergey Nazarov = Satoshi Nakamoto (SN = SN)
Has much I read continue watch this type interviews the more I get lost with the technical talk that doesn’t explain shit. But I still love it perhaps this are the reasons boomers don’t understand anything about crypto cause this crazy talk 😅😅
The part about "intent" sounded very interesting. It would have been nice to see it addressed in much more detail. Unfortunately the guest totally shot it down because it looked to me like it didn't fit into his worldview. He immediately focused on execution. That's important but I want my intent executed. I'd like a system that executed my intent without me having to deal with all the complexities.
This industry is screaming for decomlexification. Those who make it a lot easier for the average person will make billions.
Which time stamp are you referring to?
He passed on it, because link is past, "intending to do something," they're actually doing it. He made that very clear.
Sergey said hold my beer 🍺
Funny lol
I'm new to crypto!. How can I make more profitable investment in crypto currency without incurring much losses?
buy and hold ether. Then research on ether to enforce your conviction
This is not financial advise. Bitcoin and Bitcoin Only. Master your understanding of Bitcoin. Bitcoin is Digital Energy. Anything any Crypto can do can be accomplished on Bitcoin through it’s L2s and Sidechains.
It's simple. Just learn about crypto 🤷🏽♂️
Chainlink and GRT (Graph) have a lot of similiarities as per usecase the main difference is Chainlink is already £10 while GRT is 0.10p....Hmmmm decisions decisions..
Imagine having the chance to interview SN and not getting prepared for it 😅
So Bankless is talking about moving crypto into ... banks?
Banks turn financial products into tokens, tokens can now live on other blockchains to be bought and sold.
Bankless absolutely dumbfounded that someone is building something other than a ponzi. glad to see the guest but disappointed in how unprepared and unaware you guys are. truly shows what you know and highlights the content you watch.
If LINK token goes to $1, is Chainlink broke and out of business? How does the Company Chainlink make money/fiat?
Bankless is the epitome of the Drake meme:
>Condense this information down to a 45 min episode...Nah!
>Stretch this episode out to an hour and forty-five minutes...Hell Yeah!
Bankless provides good information. I just wish they were respectful of their audience's time.
Respectful? Pause and come back later dude geezeee
@@EnArrozYHabichuelas Impossible not to get swallowed up by the content avalanche if you take that strategy. Looking at my podcast feed, there was 6 hours worth of content on the Bankless feed alone the week of the 20th (not counting all the attached properties in the Bankless universe and not counting anything else you might want to consume). And they have had for 'worse' weeks.
Part of being a great content producer is having great editors - trimming word counts, movies, etc. If directors had their way, movies would be 5 hours long. If writers had their way, articles would take up the entire paper...and on, and on, and on. Great content requires curating (if everything is special, then nothing is).
bruh.. its like people not understanding this is going to change the world.