/biz/ - Business & Finance

Don't bother buying LINK (I'm being serious about this).

I understand FOMO is a powerful emotion and LINK has been performing better than usual over the past month, but here's a few major FUD points you need to consider:
> Canton Network is now the oracle of choice for financial institutions, not Chainlink. Sorry bud, but the banks decided to have their own network created, they don't want to fuck around with crypto.
> Chainlink's price action since 2020, in comparison to other high caps, has been atrocious. This is partly due to the shit tokenomics and the Chainlink foundation dumping on retail regularly.
> With all that being said, it's also an "old alt" now so it's very unlikely to hit ATH ever again, and the tokenomics will only further exacerbate this inevitability.

I really feel bad for Link bagholders, the tech is absolutely amazing. It's too bad the banks are fucking thieves who steal ideas before they can be patented, run away with it, and further enrich themselves while retail is left to rot.

It's unironically over.
Banks built their own Chainlink and will just use Canton instead of Link.
They fucking rugged Sirgay while patting him on the back at SIBOS, it's fucking over.
LINK has no use case anymore.