/biz/ - Business & Finance

no worthwile use case both for centralised and decentralised

notice the word "worthwile". this is redundant technology. it works bit it's simply not needed

at this point if you hold Link I suggest Suddoku IMMEDIATLY

I know my shit; I co-own a real estate company

OH NO NO NO NOOOO HAHAHAHAHHAHAHAHAHHAHAHAHAHAH

i remember an anon here crying with joy when it recently hit 60 cents thinking he finally made it and can quit slavery.

I remember the fools that FOMO's at 50cents

Let us gather around and laugh at linkies

>everyday market experts on /biz/ explain to them why this is Cat Shit, BUT THEY NEVER LEARN

>the equivalent to manlets on /fit/

----I looked into chainlink and it's cat shit.-----

I have traded it a little, ridden some pumps, my current position is zero.

The chainlink token does not have a good value proposition. Utility tokens are a fairly transparent attempt to escape SEC regulation, and almost all rely on economic fairytales. Chanlink assumes people or companies will want to buy and hold large amounts of a volatile token, but it totally fails to incentivise this. When a smart contract can buy and use a currency in the same transaction, the money velocity goes to infinity and the transactional use case does not hold water.
The "staking" use case assumes that huge amounts of real world value will be used to secure oracle requests, which are perhaps the worst example of a transaction to prop up a staking currency since they are many and low value. Only the tiny cost of each individual request need be covered. Since holding a volatile token has a large implied cost, those who offset their stakes with short positions or other hedging can offer larger stakes and lower fees, outcompeting those who do not. The pool of staked link will therefore be almost entirely matched by hedging positions.
This all assumes that chainlink does become the dominant oracle provider, which is by no means a sure thing, with competitors and other options (most likely data providers signing data directly) real threats to their model.
Oh, and the team holds most of the supply, there's a billion tokens, and an offputting cultish atmosphere. $1000 started as a joke and is now apparently being taken seriously by a fervent cadre of link acolytes. It's a great window into the sunk cost fallacy and economic illiteracy.

looks like another pump N dump :^)

I am not even sweating it that i am a no-linker; the 1 trillion MCap guarantees that no one gets rich off this

I did my DYOR on it and i am 98% sure it will flop

I did my DYOR on BTC and pulled out in January

-
STOP RIGHT THERE
-
I almost fell for the meme; then I whipped out my dicalculator and crunched some numbers with fellow anons

If Link reaches even $200 it will be worth more than the total BTC coins combined when it was at $20,000

This is gonna be magical. The shitstorm will be legendary. Hundreds of thousands of dollars flushed down the toilet and live streaming of /biz/tards committing Sudoku

When Moot created /biz/ I NEVER imagined it would be this legendary

video related;
www.youtube.com/watch?v=4hR4rDbJPM4

I will go to the Lambo dealer and buy a Lambo for 100 links

mansion for 500 links

>not millions. I said billions

1st things first; I will dump my butterface gf and purchase a mail order bride model

2nd I will buy a customized lowrider

3rd I will start looking at fully detatched villas

I already did step 2 and offered to pay him 1 Link but he refused

Why is /biz/ obsessed?
>people from here basically crowd-funded the project

Should I buy to get rich?
>No, because for Link to moon there needs to be mass crypto adaptation that didnt happen in a decade OR massive normie FOMO (wont happen; this is not 2017)

Your Welcome (You're)

/biz/ is obsessed about this because THIS board purchased most of the ICO and thanks to this board Link launched

/biz/ taught they found a hidden gem. what they didnt realize is that Sergey has a philosopgy degree. I have a sociology degree and can tell you that we are the best writers on earth. that's why the awesome white paper. I can write a white paper that would make Buffet FOMO in