/biz/ - Business & Finance

>>55646171
XRP is a much more elaborate and sophisticated premine scam.

I like to compare LINK more to VeChain: a game of stick and carrot with a steady flow of nebulous claims of corporate partnerships (most of which are merely paid endorsements, paid for with LINK tokens dumped to the spot market) and nothing of substance ever being delivered.

>>55607448
>Number one absolutely stumps me though.

Isn't it obvious?
They hate it for the same reason we all hate XRP, FTX and VeChain.
It's an premined air token, with a corrupt distribution, an ICO, it's an illegal security (so un-investable by corporations and institutions) and is offshore to avoid regulations and criminal liability, just like FTX.

Do you think some private company in the US can get away with createing their own "token", print trillions of it, claim it has "utility" and then make false claims of corporate partnerships, sell it to a gullible public, followed by immediate dumping to the spot markets?

The answer is no. Everyone of those things is highly illegal, which is why FTX went down and why Chainlink is no different than FTX. It's not ethical, it has no utility and in 6 years has not delivered any viable products, so it's not even a successful software company. They are alive only thanks to the bagholder community who support the failing price by locking up their supply while the issuer dumps for dear life.