/biz/ - Business & Finance

>>22150661
This is it exactly.

Smartcon was a waste of time. I get the importance of such things from the perspective of building a new sector through networking but from your perspective as a chainlink holder it ought to have brought nothing of which you weren't already aware except the emphasis on how complex the staking mechanism is.

We are almost at Q4 CY20 and there is nothing concrete by way of staking, despite inferences people have drawn from generalised quotes they found somewhere that could have implied it would've been released by now. Johnny Huxtable is always visually intimidated by the conversation, as was the host of his panel session at smartcon who mentioned how overwhelming it was but "exciting to be part of laying the groundwork for a system that is secure". Deniz Omer answered tough questions by falling back on the defi infrastructure being extremely complex and that we're all "only just building the very base layer now". Sergey sells ideas and concepts well but the opaqueness towards a staking roadmap is suspect to me at this point.

I find it funny how every bit of the optimism for chainlink's future price is expressed with the assumption that staking is inevitable and that when it happens, oh boy, it'll be a singularity. people just skip over the implication of this when they say it, which is that anything that would theoretically cause a price explosion for anything in this world must be associated with a high degree of improbability. People present this like it's a value proposition or an opportunity rather than a representation of inherent risk. I know that's fundamentally the difference between bulls and bears, but you're talking about a project that is at this point avoiding the topic.

Every bit of optimism on chainlink and the idea of price explosion is dependent on staking, and all of that optimism takes staking as inevitability.

The fud these days is out of control so I'm not sure why I'm bothering to add to it but I'll admit I was confused by everyone's positive reaction to smartcon which from my perspective was a borderline waste of time. I get the importance of such things from the perspective of building a new sector through networking but from your perspective as a chainlink holder it ought to have brought nothing of which you weren't already aware.

We are almost at Q4 CY20 and there is nothing concrete by way of staking, despite inferences people have drawn this year from generalised quotes they found somewhere that could have implied it would've been released by now. Johnny Huxtable is always visually intimidated by the conversation, as was the host of his panel session at smartcon who mentioned how overwhelming it was but "exciting to be part of laying the groundwork for a system that is secure". Deniz Omer answered tough questions by falling back on the defi infrastructure being extremely complex and that we're all "only just building the very base layer now". Sergey sells ideas and concepts well but the opaqueness towards a staking roadmap is suspect to me at this point.

I find it funny how every bit of the optimism for chainlink's future price is expressed with the assumption that staking is inevitable and that when it happens, oh boy, it'll be a singularity. The fact is that, yes, we are really very early, but people only seem capable of spinning that as a positive thing rather than respecting the inherent risk.

Anyway, smartcon sucked shit