Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world

CleanSlate

Hummingbird
Gold Member
Bill Brasky said:
CleanSlate said:
superschalk said:
Also it could happen that they sell out quickly in this case if you are not lucky they will keep your Ether and only refund you after a couple of weeks according to their Email.

Where in the email do they say this?

Once the crowdsale has reached its target cap, your address will no longer be able to receive ETH, and any ETH sent after that point will be returned to the sending address over the coming weeks.

Ok, I think I read that in a different way. It would be nice to have an indicator that displays how far we are from hitting the target cap. I would hate for it to cap out within the first two minutes.
 

void

Pelican
1) I think they will have to stay closed source for the critical parts, having access to SWIFT banking system code prohibits any open source work for security reasons.
2) If SWIFT hopefully continues collaboration, this will make a lot exchanges obsolete.
They will prefer their own or vetted exchanges for price building.
3) Banks can shift their business model more towards transaction fees, which is already happening as we speak with 0% interest in Europe and them trying to charge for deposit, withdrawal and the account itself.
4) Ironically with the current status of bitcoin today, the transactions get more expensive the more people adopt BTC, nevermind the long transaction times.

BTC and ETH sure will develop and adapt in the future.
 

CleanSlate

Hummingbird
Gold Member
CleanSlate said:
Ok, I think I read that in a different way. It would be nice to have an indicator that displays how far we are from hitting the target cap. I would hate for it to cap out within the first two minutes.

Called it. It DID cap out within a few minutes. Some of us got in, some didn't.
 

superschalk

Woodpecker
I bought some more for 0.00048 on Eitherdelta this morning which I think was maybe 20% above the ICO price. If you really believe in an ICO and don't get in or don't get enough the best way is getting the tokens on ETD as soon as they are trading even if you pay a bit of a premium. Once a token hits a proper exchange the price will jump up way further from the point you bought them on ETD.

I will buy much more Kyber this Sunday when their tokens can be transfered.

ETD is not really easy to use but I suggest to combine it with Metamask, use a custome node and send transactions with a high gas price. Do some test transactions with small amounts of money to get familiar with ETD.
 

NewMeta

Kingfisher
Didn't think ED was too hard to use, I just watched a quick youtube tutorial and snatched some more LINK off the exchange. It was already about x2 the price of the ICO by this point though, and this is on ED, cant imagine how much this will flip when it hits a big exchange $$$$$$$ .
 

superschalk

Woodpecker
NewMeta said:
Didn't think ED was too hard to use, I just watched a quick youtube tutorial and snatched some more LINK off the exchange. It was already about x2 the price of the ICO by this point though, and this is on ED, cant imagine how much this will flip when it hits a big exchange $$$$$$$ .

There are too many shitty ICOs going on at the moment and the ones which are really good are almost to difficult to get into. I will focus much more to get the really good coins from ETD going forward because flippers who got in with pre sale deals will always sell some once they are tradable on ETD.

What worries me a bit in general (unrelated to LINK) though is that the big exchanges like Bitrrex are not adding that many coins anymore, and at the end of the day all these ICOs are worthless if they are not trading on the major exchanges.
 

CleanSlate

Hummingbird
Gold Member
superschalk said:
What worries me a bit in general (unrelated to LINK) though is that the big exchanges like Bitrrex are not adding that many coins anymore, and at the end of the day all these ICOs are worthless if they are not trading on the major exchanges.

That could be a problem. But I'm sure the major exchanges will get under enormous pressure to put popular ICOs on.
 

NewMeta

Kingfisher
Dont have to worry about Chain, it will be on a major exchange in no time.

If youre wondering how to use etherdelta just find a youtube tutorial there is plenty, google is your friend.
 

Julio

Woodpecker
Gold Member
NewMeta said:
I managed to get 3 emails in before the block cut off point, had another 4 emails that did not get in. Considering buying the rest up on ED.

Did you manage to get tokens from these 3 emails?

What gas value did you use? Just so I'm ready for the next ICO.
 

NewMeta

Kingfisher
Julio said:
NewMeta said:
I managed to get 3 emails in before the block cut off point, had another 4 emails that did not get in. Considering buying the rest up on ED.

Did you manage to get tokens from these 3 emails?

What gas value did you use? Just so I'm ready for the next ICO.

Yeah i got the tokens already from the 3 of them, just maxed the gas on MEW whatever the max is.
 

thebassist

Kingfisher
Gold Member
RE: Chainlink (LINK)

Julio said:
NewMeta said:
I managed to get 3 emails in before the block cut off point, had another 4 emails that did not get in. Considering buying the rest up on ED.

Did you manage to get tokens from these 3 emails?

What gas value did you use? Just so I'm ready for the next ICO.

For this ICO specifically gas didn't really matter- plenty of people got through with just 20Gwei and standard 21,000 gas limit, since they were just refreshing their link to reveal the address instead of looking around on slack to see why things were running late.

But for an ICO that's properly conducted where you want to get in ASAP (e.g. if there's a bonus for the first 20% sold) then max out gas price to 50 Gwei and set the limit to 100-200k just in case. Even then your maximum transaction fee will be 50 cents or so.

If you really want to ensure you get in fast you can even edit the HTML on MEW to set the Gas Price maximum to whatever you want- probably not many people will be sending transaction with 100-200 Gwei, and you still won't be paying more than a couple bucks (15 max if you end up using like 200k gas). If you're sending more than a couple ether and you want to ensure that you get in quick then it's definitely worth it.

See below if you want to try it out yourself:
[img=800x600]http://i.imgur.com/47zmU0R.gif[/img]

Otherwise just use metamask and set your gas to whatever you want there.
 

Julio

Woodpecker
Gold Member
Well actually i was refreshing the page every 10 seconds until I saw the address and I immediately sent the eth using 200k as gas value. I really don't know what I could do better next time but it really pisses me off.
 

NewMeta

Kingfisher
Julio said:
Well actually i was refreshing the page every 10 seconds until I saw the address and I immediately sent the eth using 200k as gas value. I really don't know what I could do better next time but it really pisses me off.

I had 7 emails to go through, it kinda went like this:

-Pre-prep was 7 tabs of MEW open in one browser with another 7 tabs of my personal links from the emails open in another browser, each browser on a seperate monitor. I fill out the MEW tabs so all I need to do is add in the destination address when the time comes, max gas and 200000 limit value.

-Timer on website counted down to 0, addresses were not appearing and people went straight to slack to express outrage.

-Meanwhile im just refreshing like crazy not paying attention to slack, and the addresses show 5 mins late but on the 05 minute mark pretty much.

-My MEW tabs are already all pre-filled out, just needs destination address, copy it in, generate, send. Next tab copy in generate send rinse repeat till I finish.

In my mind people lost for the following reasons:

1) You were not fast enough, you say you refreshed every 10 seconds, lol, thats 9 seconds more than you needed for a refresh, lets be realistic here, you shouldve been mashing the shit out of F5.

2) You did not do the amount of pre prep to the point where all you had to do was add in destination addresses.

3) You were an impatient aspie that resorted to slack instead of maintaining focus and refreshing the page.

4) you had no idea about gas values so people who did simply got ahead of you.

Think its pretty accurate, I couldve got at least 1-2 more emails in but my third transaction threw an error and i needed to re-adjust the gas value which wasted time.
 

Julio

Woodpecker
Gold Member
For me it went like this:

- I prepared MEW so I just had to copy-paste the address
- I had the link of the email open on another tab and refreshing it at 15:00 UTC
- The address didn't show up so I kept refreshing, but every time I hit F5 I needed to tick 2 boxes saying I agreed with the terms of the ICO and wait a few seconds to arrive to the final page with the address (that's why I said 10 seconds)
- I saw the address, copy paste in MEW and generate transaction (Using 200k as gas value)

So maybe I could be quicker by 5-10 seconds but then it's really a tough race.
 
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