/biz/ - Business & Finance

Sup Sergey, I know you always on 4chan

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

I predict another 700,000 dumped in 2 days. He cant just exit scam now that 4chan is on his ass. instead Link will never be dissolved but just keep existing on skeleton crew and priced at sub $1

I still remember when /b/ tracked down a cat killer in a Russian forest just by the clouds shape in photo

>Sergey just sold another 700k...softly exit scamming to not raise alarms

>Sergey selling now means he has used all his fire power and chainlink will never be higher again.

irl businessman here; I see what these Crypto companies are doing. The owners know from day 1 that crypto will NEVER be mass adopted for various facts BUT they ride the wave of hype. I was thinking of makin my own coin...maybe Hitler Coin or something that would go viral BUT fuck it i already have money...also notice how Link's address is in a tax haven. If it werent like that cashing out would be almost impossible for Sergey or Nazareth

https://cryptoslate.com/chainlink-rises-320-percent-and-insiders-could-be-preparing-to-dump-it/

>Chainlink’s “development wallet,” 1.4 million LINK tokens were transferred into Binance. The transactions indicate the team is selling its initial token allocation and making hay while the sun shines

why didnt they wait till it reached $1000? ;-)

guess who will end up holding tens of thousands of WORTHLESS meme tokens?

You wont be able to buy a fuckin Snickers bar with your half a million link sack you dumb fucks.

LISTEN TO THE BOOMERS NEXT TIME

2013-Dogecoin 2018-Bananacoin 2019-ChainLink

I know for a fact that this will never moon

why did i just buy another $500 worth of Link?

are you guys retarded or just acting retarded?

I think whats going on here is wishful thinking; hope is the last to die

have fun waging till 70 :) and still be poor

t. crypto rich and IRL medium sized business owner

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

Friendly reminder

This is the right time to sell, see ya at $0.30 in 1 week

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.

Once everybody realizes the dump isn't as big as they thought it was going to be we are going to witness one of the greatest FOMO's in the history of cryptocurrency. There is absolutely nothing that will stop it.

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

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STOP RIGHT THERE
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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

You have 10 seconds to tell me why you aren't investing in this

I'm feeling like this is the next bitcoin guys

https://cointelegraph.com/news/world-bank-and-australias-largest-bank-issue-bond-exclusively-through-blockchain

Public ChainLink network is nowhere to be seen. SWIFT issuing bonds on blockchain. I wonder if they'll be using the public neet-node network or the SWIFT smart oracle network like mentioned in the official smartcontract.com website? I assume they will have an adapter to connect to the public ChainLink network once it goes live. They'll use it they need to connect to outside of their internal system. What do you guys think? No answer to this when I tried discussing this the other day. I saw someone post about this on reddit, but he had misunderstood. I'm not saying institutions will build their own network, I'm saying smartcontract.com is offering a tailor made version for them. A private network with parties incentivized to act honest by mutual financial interest in managing a system they all benefit immensely. In these system the current frauds are not made by the parties involved, the SWIFT messaging network is attacked from the outside, this is what they need to protect from. They can trust each others and will trust each other's nodes in the private network provided by the ChainLink team. Refute this if you can please

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)

heard from a little birdie that some news will be released in the next hour

/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