/biz/ - Business & Finance

>>14553881
>exit scammed
Hello newfag.

ETH mooned because normies bought ETH directly to buy ICOs they were basically forced to buy ETH... In LINKs scenario noone will need to buy LINK tokens..

And as a matter of a node operation, will 100s of projects bring enought money flow for us to be able to make at least a decent staking profit ?

If we are not going to see massive profit from staking i just dont see why LINK should moon because of 100s of teams...

Chainlink is as fundamentally worthless as every other crypto. Probably more so because it was so late into the bubble that is now bursting.

Your post is full of "power words" but doesn't really say anything; and totally ignores the main flaw of all cryptos.... that when the big boys decide to adopt parts of blockchain, they can do it on their own and don't need any of the hundreds of bullshit cryptos we have now.

My patience is getting tired. The chainlink website literally says they are partnered with swift. Still 50c. All these speculated partnerships are just that. The partnerships that have been announced are either worthless or "so important and bigger then people think" but its still 50c. The team cant even tell us whats going on even in a low key way, i guess i do know they dont need to say anything to the average joe. I want to believe everything link has to offer but when the practical side of me comes up, its all too good to be true. Im all in and will hold til zero, it just really fucking blows that my life savings are in this (a whopping 1,200 dollars) and the notion that i dont have what it takes to even get a dishwasher job, my moral is the lowest its ever been in my life. Im not even asking for $1000 eoy, i just need maybe 150 dollars a link to just move out of my parents house ive been living in for 34 years of my life, i just want to feel whats its like to go to your own house and have my own room. Im so fucking tired of being a loser.

there is near zero demand for smart contracts right now. To think chainlink will gain mass adoption in the next 12 months is deluded. If we were in a bull market then speculation would send this to the moon, but that's not happening again for a long time so adoption is the only way. Ask yourself this... if there are immediately hundreds/thousands of oracles ready to go at mainnet, who will actually be requesting data from them? Wanchain? Request Network?

They embed public API calls information directly into the Ethereum blockchain, meaning the storage cost of the data itself will be astronomical

There is no way to call any private APIs because your API key will be leaked due to the public nature of Ethereum

You are assuming that companies would be willing to pay a fee of 10 cents per call. (Which is entirely ridiculous, one of my apps runs nearly 100k api calls per day and I pay only 300 dollars/month)

You are assuming companies will pay 10 cents/call to receive "decentralized" data, such as prices of stocks, when they already own multimillion dollar contracts with companies specifically built to provide accurate data (plus you can get your money back if the data isn't accurate from a company, rather than having no one to answer for mistakes)

You assuming companies will wait 30+ seconds for an API call, which would place them at a disadvantage of any other competitor who is using a centralized system

It's clear to me that no LINK holders have experience actually using APIs or are in the corporate space, and I feel bad for them when they will get burned, kek

>>11706677
check pic related

It may be a successful network long term, but if you think this token distribution looks attractive for investment purposes, you’re deluded as fuck

It may be a successful network long term, but if you think this token distribution looks attractive for investment purposes, you’re deluded as fuck

>>11281543
>30% to the company for continued development

here is the original token distribution if anyone has forgotten

>>8932160
>check out how the tokens are distributed.
To be honest, this isn't mentioned anywhere.