/biz/ - Business & Finance

Honestly it's still blowing my mind. I've been having the same internal monologues on a daily basis for a few years now and my thesis is still as fundamentally correct as it were at the beginning when it was just projected speculation and autistic research. Except now it's rooted in adoption metrics and demand for real usage. It still astounds me on a daily basis that the market is still utterly blind to it.

It went up to top 5 in the bear market, when fundamentals rule over marketing, and dropped to around 30 during the bull market when marketing rules over fundamentals. Except we've just entered another bear and it's already climbed back to 20. Top 5 is always where it belongs and this much is inevitable. Looking at the top ranks today and it's all just so baffling but we had the same observations in 2018. XRP is a complete scam and not used by anything, Cardano is a pumped up ghost chains without smart contracts yet its the second biggest value chain after eth, etc. Absolutely mongoloid market that will correct itself in the bear.

Projects that are not generating any value and only sustain themselves on marketing and investors stupidity have no long term fuel. Meanwhile Chainlink now has sufficient runway to keep building for the next decade, shipping out new products that will ensure its absolute monopoly on its cornered niches, generating real user fees and network value, and with real value capture via its tokenomics. The simultaneous release of CCIP and staking will profoundly change its standing across both institutional and retail markets, as it won't be able to remain unseen and ignored much longer.

From the get go, crypto's only real value prop was in the blockchain. Blockchain's value prop was in the smart contracts. And smart contracts are only enabled by the oracles. Off chain, cross chain, data pipeline and computation bridges, from layer zero to layer two, cross system from enterprise to cbdcs, from web2 to web3. You just win.