/biz/ - Business & Finance

Oh no no no

>>21487228
It works like this.

Reality is starting to hit Linkies...

>nobody actually wants or uses oracles - only DeFi shitcoins
>DeFi going to pop any day now
>yesterday's webchat Sergey revealed to the World the fat Russian scammer that he is
>skyrocketing Eth costs crippling the network
>Zeus Capital STILL not refuted beyond petty strawman attacks

>right now it costs $15 to request an oracle, and it's still only being used by NEETs and faggots to gamble

Imagine how congested and slow this shit would be if it was actually used by the real world?

Blockchain was a mistake

Seriously though, if smart contracts take off, why would data providers let sweaty nerds be a middleman to their data, when they could just provide data directly to smart contracts?

Chainlink is the epitome of a multi-level and intelligent scam. There are only three or four people on the team, who have some of the most unimpressive resumes in the blockchain field. Their Testnet consisted of nothing more than a simple JSON Parser, something that any college freshman could put together over a weekend. Remember all of those "projects" during late 2017 that ended up being nothing more than vaporware? Chainlink is one of them. Somehow they've survived for two years, but I think that's due to the different approach they have taken. Instead of hyping their coin, they've stayed extremely patient. They know that they can make more money from you over the course of a few years rather than weeks. I would be very cautious if you decided to buy Chainlink, as it could very well be the worst decision you've ever made. The CEO of SmartContract (Sergey Nazarov), the founder of Chainlink, holds a degree in Sociology and a minor in Religious Studies. He's also worn the same shirt at every single conference for the past two years. Is that really someone you want to trust with your money? Don't fall for all of the technical terms used in this talk. Those words mean nothing. The people in the crowd don't even know what he's talking about. The Blockchain Team Leader at Microsoft, Chad O'fork, said this about Chainlink in February 2018: "While Smartcontract and Chainlink are interesting projects, I doubt there would be any real use-case in the future for such technology. Companies do not like to put their data in the hands of anonymous node operators."

How high can they pump this scam before it dies?

>it's been weeks and not a single "Link Marine" has refuted the Zeus Capital document beyond strawman attacks

It's ogre is't it? The OG Marines would have responded with a 200 page document refuting every point

The "Link Marines" are basically just pajeets, women, and ethnic minorities on Twitter regurgitating old memes, whilst the OGs probably all cashed out at $8.50

Chainlink is the epitome of a multi-level and intelligent scam. There are only three or four people on the team, who have some of the most unimpressive resumes in the blockchain field. Their Testnet consisted of nothing more than a simple JSON Parser, something that any college freshman could put together over a weekend. Remember all of those "projects" during late 2017 that ended up being nothing more than vaporware? Chainlink is one of them. Somehow they've survived for two years, but I think that's due to the different approach they have taken. Instead of hyping their coin, they've stayed extremely patient. They know that they can make more money from you over the course of a few years rather than weeks. I would be very cautious if you decided to buy Chainlink, as it could very well be the worst decision you've ever made. The CEO of SmartContract (Sergey Nazarov), the founder of Chainlink, holds a degree in Sociology and a minor in Religious Studies. He's also worn the same shirt at every single conference for the past two years. Is that really someone you want to trust with your money? Don't fall for all of the technical terms used in this talk. Those words mean nothing. The people in the crowd don't even know what he's talking about. The Blockchain Team Leader at Microsoft, Chad O'fork, said this about Chainlink in February 2018: "While Smartcontract and Chainlink are interesting projects, I doubt there would be any real use-case in the future for such technology. Companies do not like to put their data in the hands of anonymous node operators."

Its every girls dream to be spit roasted by Adam and Vitalik

Is ChainLink dead?

Was this ever refuted? Every time it's posted the price crashes

Did anyone refute this yet?

Did anyone ever refute this - every time it's posted the price crashes a few hours later

Did anyone ever refute this...?

Ever since it was posted the price just keeps coming down

>muh quadrillion derivatives market!

Um, no sweetie - those private data providers will hook directly into smart contracts

What use cases does Link actually have once you remove the fantasy of the quadrillion derivatives market?

Remember when Linkies claimed they'd conquer the trillion $$$ derivatives market?

Well - most of that data comes from private sources, so having oracles is useless (feeding private data into an oracle is no different than those data providers just hooking into a smart contract themselves).

What ACTUAL use cases in real life does Link have? So far the biggest seems to be insuring African farms against bad weather (doesn't seem like a huge area of business)

So, what is stopping major data providers simply providing data directly to smart contracts?

This obviously doesn't apply to all data - Link will still have its use in providing weather insurance to Africans or whatever.

BUT, the trillion dollar derivatives industry? We already get trustworthy data directly from source - taking that data and feeding it into Link doesn't make it in any way more secure, in fact just introduces more insecurity as nodes could tamper with it.

So - what use cases does Link have?

Hard mode: not just listing other shitcoins "using" Link

>>20344955
> Digits
Link is a scam

So, what happens when data providers realise they're being shafted and just provide data directly to smart contracts from source?