/biz/ - Business & Finance

What a ride it's been, huh? 7 long, excruciating years! Long live $1000 EOY
>Google blogpost tweet, $1000 eoy!
>Oracle slides say Chainlink integration, we're so fucking rich anons!
>Coinbase listed Chainlink, we made it!
>SWIFT invited us to sibos next to the toilets!
>There's a fat brazilian guy at Oracle who LOVES Chainlink
>I found something called Microsoft Cryptlets and it uses Chainlink omg
>Blythe Masters is going to make us all so filthy rich anon, mommy!
>Smartcon is unironically a big deal, allllll of the hottest industry players like Celsius and Bancor are attending
>This guy John Wolpert from Baseline is 200IQ and is going to make us all so rich, he's going to setup a Chainlink node inside a Coca Cola bottling plant!
>SWIFT and Chainlink are best friends, 1000 eoy
>$81k
>Apple slides on Sergey's laptop, $10000 eoy
>Libra integration is so bullish
>We are integrated with Bored Apes oh hnnng
>The NBA is starting a partnership with Chainlink using NFT's and real time data! $1000 eoy!
>Circle CCTP uses CCIP it's over $1000 eoy
>We got the camel from Google who started tensorflow, we made it anon!
>Two Sigma, the world's largest hedge fund, became a node provider omg omg $1000000 eoy
>Staking any part of the supply will cause a mega moon because... because it just will ok? $1000 eoy

There is unlimited "Catalysts" from Chainlink and none will ever cause a shiba inu style run. It's truly amazing to witness

It's just now coming to light that it's a scam like everything else, and pretended to not be a scam by associating itself with reputable agencies and institutions that had no clue what the fuck an oracle was. Everything they've set out to do since day 1 has been a failure. The actual adoption they got was on par with the other shitcoins it came onto the scene with (SIA, DGB, NEO). It's the reason Sergey can't stand on his own accomplishments and has to pay people to shitpost/attack anyone who calls out their bullshit. They've dumped and spent about $18 billion since ICO and can't even get the features mentioned in the whitepaper to market.

>No corporate campus despite more runway than Google and Amazon combined their first 7 years
>Wasted billions on overhead, bloated salaries for shit devs like Dimitri who left for Instagram
>Paid a CMO to misspell 80% of the literature and marketing they put out the first 5 years
>CTO is always hiding because of how much money he's made off ICO ethereum and dumps from link
>Chief Scientist is more concerned with novels and old greek coins than Town Crier, DECO, Mixicles, CCIP mainnet and superlinear staking
>CEO has gained 85 pounds since ICO, is on 3 medications for obesity
>Paid advisors (Balaji S., Eric S., etc.) paid over $450 million since ICO
>Reached $20 in the summer of 2020, currently $18. In the summer of 2020, ethereum was $250
>Runs an annual conference where all of the industry's top scammers have participated (SBF, Alex Mashinsky, Justin from Tron, Bancor's entire staff, etc.)
>Said CCIP would be on mainnet in 2022, then Q3 2023, then Q4 2023, then Q1 2024 and still in beta
>No paying enterprise customers 7 years after launch

Total failure. The next man to go down in crypto will be Sergey, mark my words.

>chainlink fuddie doxxed his wallet
>857 LINK tokens bought in 2021
>lost half his links in bancor
>twitter account made in 2022
BWANHWAHAWHHWAHAHVHAAHAHAAHAHAHHAAHA AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAH

Nothing was real, and the things that were real were so nothing burger that not even Sergey would eat it

>Wemade launches some literal who vidya
>CCIP a couple weeks away from Q1 delay
>Oracle's disaster startup failure with Fernando
>Assblaster turned out to be The Big Larp
>The ARK ETF was a nothing burger
>Chainlink hired 225 HR and administrative staff
>Large enterprise sales team fired by Serg
>Docusign founder Tom Gonser left Chainlink
>Baseline turned out to be a scam (Wolpert lol)
>COO left company not even a year in (Derezin)
>Eric Schmidt was paid huge advisor fees (lol)
>Staking v0.2 was the same ETH/USD feed bs
>99.9% of the network is not secured by staking
>Nodes dump tokens rather than hoard them
>LINK still not even halfway to ATH (BTC ATH)
>Microsoft partnership failed (Yorke Rhodes lol)
>NBA NFT partnership failed
>BAYC NFT partnership failed
>Celsius partnership failed
>Bancor partnership failed
>Adelyn Zhou fired as CMO
>LINK not even a top 10 crypto 7 years in
>Chainlink kicked out of Vodafone IoT group

I hold 30,000 LINK
Yes it’s true my friends and I have been lurking here with my bag since 2018
I used to hold 50,000 but I got raped from incurring impermanent loss from Bancor V3’s patented Impermanent Loss Protection de-fi technology that protected me from withdrawing half my fucking LINK I WAS 5 DAYS INTO THEIR 7 DAY COOLDOWN PERIOD just to rub salt into the wound yes I am retarded for trusting a company based in FUCKING ISRAEL
Oh yeah I also got rugged by LinkPool but not too bad just lost a lot of potential gains still holding for the sheer retardation of it all
All my other bags got NUKED from orbit RIP RSR
Anyway I have somehow survived just from my stinks which are all staked by the way FULLY STAKED SINCE V0.1
My life is in Sergey’s hands
Sergey take the wheel
None of the fud worked on me
I am immune to propaganda due to autism
I generate 100 LINK passively every month ah hahahahahahaah

Bancor made many people lose 60%+ of their staked ETH BTC and LINK after promising 100% Impermanent Loss Protection and raising $130M in ICO
Galia Benartzi, Guy Benartzi, Eyal Herzog Yudi Levi and Mark Richardson are responsible for this but they hide behind their DAO. A lawsuit against them can be found here https://www.hoppingrinsell.com/cases/bancor-class-action

The scammers twitter accounts:
@galiabenartzi
@benartzi
@yudilevi
@eyal
@MBRichardson87


Richardson is banning critical voices on the Social channels for them.

This is a reminder that even a fully doxxed team with references will scam you. Bancor was deemed blue chip defi for years. Don't make the same mistake as me and stake your coins anywhere no matter how legit it looks or you will lose them.

#Bancor made many people lose 60%+ of their staked #ETH #BTC and #LINK after promising 100% Impermanent Loss Protection and raising $130M in ICO
Galia Benartzi, Guy Benartzi, Eyal Herzog Yudi Levi and Mark Richardson are responsible for this but they hide behind their DAO. A lawsuit against them can be found here https://www.hoppingrinsell.com/cases/bancor-class-action

The scammers twitter accounts:
@galiabenartzi
@benartzi
@yudilevi
@eyal
@MBRichardson87


Richardson is banning critical voices on the Social channels for them.

This is a reminder that even a fully doxxed team with references will scam you. Bancor was deemed blue chip defi for years. Don't make the same mistake as me and stake your coins anywhere no matter how legit it looks or you will lose them.

This is the most important thread on /biz right now. Bitcoin has pumped massively, we're just about to reach the halving - now is the last chance to pick up alts relatively cheap.
I've done some analysis of the most mentioned alts on biz an I've come up with this list, sorted by market cap. Let's discuss these assets.
>SOL 48417
>avax 15026
>LINK 12828
>DOT 9638
>MATIC 8111
>TON 7693
>ICP 6101
>hex 6020
>SHIB 5680
>UNI 5126
>OPTIMISM 3665
>KAS 3260
>TIA 3235
>inj 3192
>APTOS 2910
>FILE 2757
>hbar 2670
>ATOM 2430
>SUI 2073
>mkr 1891
>RUNE 1612
>QUANT 1541
>MINA 1511
>beam 1452
>DYDX 1273
>aave 1200
>ROSE 827
>manta 730
>ROCKETPOOL 588
>ARB 524
>ARWEAVE 524
>ape 505
>PEPE 454
>KUJI 449
>GMX 412
>AZERO 310
>ocean 285
>TECTUM 218
>GNS 189
>alephium 150
>amp 145
>COTI 133
>scrt 131
>cqt 128
>NXRA 107
>ogn 82
>IDEX 43
>MINSWAP 37
>bancor 28
>cake 28
>GND 28
>railgun 20
>kneshi 19
>htr 15
>PREMIA 14
>Kleros 13
>MOONS 9
>solidly 9
>Tigirs 2

I fucked up and put money into Bancor token before I knew the team was Israeli
My liquidity has been stuck for over a year and I need to cash some out.

What are my options? Can I sell my LP tokens On a secondary market? If I buy vBNT tokens to withdraw my BNT in liquidity, won’t I just be spending $1 to cash out every $1?

I'm an insider. I was asked recently by someone who browses /biz/ why Link is performing so craptastically, so let me repeat. You all aren't understanding my thread from years ago

>Sergey lead droves of og link marines off a cliff with Celsius, Bancor, BlockFi, etc.
>Not enough? Sergey purposely had Linkpool rug more og marines
>He pulls your trust in with Smartcon, letting people that were total actors sucker you in, giving your tokens to centralized entities that went against the entire ethos of what crypto is supposed to be
>From a guy in crypto since Bitcoin was less than a Costco hot dog
>From a guy that signs SN in morse code
>From a guy who rubs shoulders with the most powerful bankers in the Western AND Eastern Hemisphere

So this is where you come in. Hold onto what you have. Link to $100? $300? No no no no no. You're not understanding. When it's time? Link is going to astronomical numbers higher than Bitcoin. If you hold a couple Link, people will think you're full of shit. The entire time, this thing has been a few cups of coffee. Shortly, it will cost your entire life's work and your grandchildren's to afford a few Link. It's going to power the global economy. One Bitcoin was $65000 and people lost their mind. One Link will be high six figures. This will start a new programming in media, 10000x bigger than bored apes or memes.

>You own a whole Link?
>Meet the man who lost $340,000,000 to Bancor years ago
>Nations stockpiling 'universal gas token' in new financial war

You chose to ignore it all, and now you're poorer because of it. I've been warning you for close to 7 years now
>Alex Mashinsky headlining multiple SmartCons
>Partnering with Celsius and putting company treasury on platform
>Featuring Bancor and going silent when they rugged their users
>Partnering with Oracle on a startup program and sweeping it under the rug when the startups were found to be literal scams (gravelcoin anyone?)
>Partnering with something called Lady Luck and then deleting it after
>Hyping an empty partnership with Arbitrum and then walking it back when Arbitrum went with VC
>Getting shat on by a former partner (nexo) and taking no action, letting Nexo create a fake hedge fund just to short the company
>Creating "staking" which is just taking some dormant tokens in company wallets and distributing them out at a fixed yield (no real slashing or reputation)
>Sweeping vaporware under the rug like FSS, DECO, Mixicles
>Paying enormous sums of tokens (dumped for fiat) to "advisors" like Eric Schmidt and Tom Gonser who created little to no value for token holders over the span of 7 years
>Promising CCIP back in 2021 as releasing in 2022 and failing to release on mainnet in 2023
>Letting zero experience Adelyn run marketing for close to 7 years, failing to get Sergey on primetime television and having to settle for C-tier shows like Nasdaq Coffee Talk or whatever that bullshit is
>Making up fake partnerships and paying the node operators from dormant company wallets to create an illusion of an ecosystem

>Hosts an annual event called Smart Con
>Is an actual smart con artist slow rugging
>Invited SBF, Celsius, and Bancor to every single Smart Con
>Shat on them after the fact as "dishonest parties"
>Shilled truth > trust
>Timed dumps perfectly for max value over the last 3 years
>Is the same price it was 3 years ago despite everything else up 5x
>Sergey just moved millions of tokens to Binance

And you're actually defending him? You still fell for the staking crap? What's 4% of a shrinking asset? Where are your BUILD tokens? Why isn't CCIP out? How come Sergey gave up on "enterprise abstraction", is it because he has no enterprises lined up? This token went from $1000 EOY to $14 and outperformed by the broad crypto markets. The constant shilling just screams "BLAH BLAH I CAN'T HEAR YOU" over and over. Look in the mirror, Sergey fucked you over.

Can Bancor recover from whatever the fuck happened?

https://www.bancorlegalclaim.com/

There is legal action taking place against Bancor on behalf of those that trusted their guarantees and promises.
If you suffered loss from using their protocol, you can join the claim at the website listed. There's no additional cost to you. Legal fees will be paid from money recouped.
Please inform other victims you may know and bump this post. Thank you.

https://www.bancorlegalclaim.com/

Let me get this straight

>Takes thousands of ETH from the ICO
>Partners with Celsius early on
>Gives Alex Mashinsky a golden mic for years
>Partners with Bancor
>Invites Bancor to annual conferences and vouches for them
>Partnered with Nexo and never disavowed what Nexo did to them
>Worked with BlockFi
>Gave LinkPool a golden mic and hired its chief engineer to work for Chainlink Labs
>Invited Sam Bankman-Fried to SmartCon and gave him headliner status one month before he rugged the entire crypto industry
>Dumped hundreds of millions of tokens on the market to prevent LINK holders from making it during the most explosive bull market in human history
>Founder lies and says CCIP will launch in 2022, it's still not on mainnet in November 2023
>Founder bragged about DeFi yields, turned around and paid stakers less than U.S. Treasury yields for an entire year of locked staking with no BUILD tokens

Why does this man escape the fire that every single crypto charlatan has received? SBF, Bancor, LinkPool, Celsius, Sergey had his hand in all of those ponzis in some form or another

He attended a conference called Smart Con, a con artist convention. Past headliners include Alex Mashinsky, Bancor, and Jonny Huxtable. Say something nice about the Smart Cons of Crypto

More than a year ago Jonny "The Horse Diddler" Huxtable (formerly known as "Closed Pool") got advice from another certified scam artist, Mark "The Barber" Richardson. Mark told him that staking is shit for liquidity and hurts the asset because it limits price discovery and creates an inefficient market. Well, Mark's platform Bancor completely died soon after because they took on too much risk, and they straight up defaulted on their users who staked LINK, LPL, and many other tokens in their one sided staking pool system.

Today, Jonny is stepping in the foot steps of his mentor and tries the same thing for the sake of better liquidity.

https://twitter.com/HuxtableJonny/status/1716436545916285361

He is a walking disaster, but smartly kept it quiet by avoiding the spotlight like his peers. Still, he is a billionaire due to dishonesty and being a smart con.

>Gives Alex Mashinsky and Celsius a golden spotlight for years before their scam unravels
>Lets Nexo sully reputation and produce a fake research report and never closed their partnership
>Invites Bancor to multiple conferences and gives another scam group the public backing of Chainlink
>Hires a scam artist named Jonny and legitimizes Linkpool which rips off its early adopters
>Lies about CCIP releasing in 2022, it's almost 2024 and it's still not on public mainnet
>Gives SBF a headliner at SmartCon, pays him hundreds of thousands of LINK right before his scam unravels
>Enterprise Abstraction Layer never sees the light of day, no enterprises use Chainlink in 2023
>Hypes up partnerships that end up being experiments, testnet, and side projects
>Oracle terminated their partnership with Chainlink after disastrous startups program
>Lost the backing of Yorke Rhodes, Microsoft Cryptlets, and Azure Blockchain
>Baseline and John Wolpert fail to produce anything of value for the ecosystem
>Chainlink is worth less as a project than it was when CCIP, Functions, Staking didn't exist

Sergey is lucky that people like SBF and Do Kwon exist, but mark my words he will see his day in court. He is as much of a scam artist as any of these people, a billionaire of no merit.

Why is retail so ignorant about LINK? It seems only the link marines can't be shaken out. Though many have fallen, e.g celsius, bancor, ftx.

But for the rest of us, similar to not taking the gene therapy injection we are just not going to sell. No amount of fud and psyops can make us sell.

Simply put
>YOU'RE A MANIAC!

Octobear edition

>October 2, 2020:
LINK: $9.21
BTC: $10,770
ETH: $ $351
SOL: $2.62
BNB: $28.11
ADA: $0.09
DOGE: $0.002
TRX: $0.02
MATIC: $0.01
SHIB: $0.000000000119
AVAX: $3.92
XRP: $0.24

>October 2, 2023:
LINK: $7.51
BTC: $27,550
ETH: $1,666
SOL: $23.58
BNB: $215
ADA: $0.26
DOGE: $0.06
TRX: $0.08
MATIC: $0.55
SHIB: $0.00000733
AVAX: $9.29
XRP: $0.51

Reminder that holding Chainlink since 2020 has been the worst move in crypto. Slightly better than using FTX, Bancor, Celsius, but hey Chainlink shills pushed those scams too. Smartcon seems to be going well, marines! 15 more years!

https://www.makerprotocolsettlement.com/
maker had an issue in 2020 which wiped out some people's holdings
brought them against maker and they're forced to pay out
bancor should be paying out those who lost half their stacks through flawed protocol design
they are liable

Damn. Been holding this for 5 years now. Knew this day would come but it is very comfy now that it has. We won the war LINK marines. To everyone who was able to keep their stack, I salute you. This was the most treacherous hold of my life. Celsius, FTX, Bancor, LINKPool, so many fucking scams... not even mentioning the crooked CEX liquidating every LINK marine on leverage. Opsec will be key moving forward - we're going to have targets on our back.

How Sergey hasn't been called out yet is hilarious. Elizabeth Holmes and Adam Neumann are obvious con artists, but a guy who has dumped on investors for 6 years straight isn't?

>Has never needed to raise money for operations because of a genius idea of dumping made up tokens with no intrinsic value on retail
>Refuses to create a company campus because people would be able to see the lack of work being done
>Big brain idea of hiring career academics to create vaporware every 6 months to prolong scam
>Hire countless "community advocates" to act as a Chinese firewall for people calling out the scam on social media and message boards
>Become a billionaire without releasing working products
>Zero enterprise customers despite a token raise in 2017
>Hold countless, pointless conferences where you showcase a bunch of talentless grifters like Alex Mashinsky and Sam Bankman-Fried who steal even more tokens
>Start to make community advocates pound "10 more years" into the community to prolong scam into the 2030's
>Tweet that good things take 10 years, create detailed dump schedule because "w-we just need to ok?"
>Staking offers less yield than US Treasuries despite boasting about 8% DeFi rates for years
>Shill Celsius, Bancor, Linkpool, Nexo for years

Everything laid out has been submitted to the SEC for investigation. I am certain action will be taken based on the response I received. A class action lawsuit is also in the works from what I've heard. Sergey doesn't get to just prevent entire groups of investors from participating in an industry wide bull run because he's greedy, and he is going to face jail time

The usual discord nufudders are actually a lower form of life than unpaid internet janitors:
>constantly making 50+ pbtid fudding in discussion threads over 10+ hours whenever they're up
>the rest of the time they seem to be seething, samefagging, and monitoring in up to 6 fud threads at any one time during their "rush hour"
>sometimes when they're really upset because no one takes them seriously, they'll spam the board with nikado avacado's asshole threads
>they have been doing this possibly since 2021, when a lot of them bought the top and never recovered
>others lost their stacks on bancor and celsius
>some even think that they're "fighting the wef" by posting on here - yes they're that retarded
>lets be generous with the math and say that they've only done this for five days a week (including holidays) for one year (50x52=2600 hours spent doing this maybe, not including the time they've spent making low quality memes and looking at pictures of the best cock cages to use)
>all over an apparently shitty and unimportant crypto
>on a board that doesn't even affect the prices
>all for FREE