/biz/ - Business & Finance

The link delusion continues. Imagine being the person who believes that a gypsy russian with a philosophy degree and no programming experience is going to instantiate a global, paradigm shifting economic system where banks and other entities are going to willfully funnel hundreds of billions of dollars into and sit around idly while said gypsy russian and his family of neet fags take profits.

Now imagine being the person who believes that the worlds banking cartels, with arguably some of the most brilliant computer scientists out there, are going to sit by and let a gypsy russian take profits they could have had by using a simple JSON parser.


Consider this snippet from the following article:
[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10736960/High-frequency-trading-when-milliseconds-mean-millions.html]

"No wonder that Spread Networks, the company building the fibre-optic connection, proudly boasted: “Round-trip travel time from Chicago to New Jersey has been cut to 13 milliseconds.”

And HFTs were willing to pay through the nose to use it, with the first 200 to sign up forking out $2.8bn between them."
These fucking jews spend billions of dollars just to get a 13 millisecond improvement so their algorithms can get the data faster. So you're telling me that if there was any money in the chainlink area these guys wouldn't be all over it? Get the fuck out of here.

So explain to me why this is going to work again? Or is it just a PnD like 99% of other crypto's out there.

>>10673921
you will make it.

LINK is a scam built on a scam... ETH is bad enough, but LINK is a whole new level... lol

How people actually buy coins like this is beyond me

All ERC20 are unironically doomed.

It's a meme

And it'll make us all rich

>>10673937
Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>>10675291
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

>>10673937
damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

Lel

>>10673937
>>10674732
>>10675291
>>10675314
Daily reminder these are the same pastas from every link thread from faggots who are so retarded they think FUD on 4chan will lower the price so they can buy back in after getting ass raped by chasing the HOT pump

>>10673921

FUCK OFF PAJEET SCUMBAG

>>10673921
Kek this is going under .20 soon you fucked up OP

>>10673921
It's a meme

>>10676400
>>10676400

I don't think so. I saw lots of TA analysis and sentiment is high, it's rising in a bear markeet while everything is dumping. I thnk it's going to $1 is no time.

>>10675960

No. You're just a bagholder trying to get people to join you as your shitcoin crashes into the ground.

Link is a TOTAL shitcoin. You're literally buying a meme, nothing more.

ENOUGH of these coins. Bitcoin was always about cash. Money. Not rubbish projects that don't even have a working product and just spew vague nonsense.

The only reason people buy stuff like this is because the price is cheap and they hope they can get in on a pump... it's delusional thinking at its worst.

It burns me up to see people falling for such obvious nonsense, but I guess it's a painful lesson.

LINK/DOGE masterrace.

>>10677381
someones salty

>>10676984
Sup Timo

>>10673921
You should have listened earlier...now make sure u store those LINK in cold storage and don't be tempted to sell regardless of how low the price goes ffs

Chainlink is a meme
Chainlink is a meme is a meme
Chainlink is a meme is a meme is a meme
.....
There's no true answer. In a way it is both a meme and not a meme.

>>10677415

It is time for the 1,000 coin shitshow to die.

BURNNNNNNNNNNNNNNN

>>10677381
>up in sats over the past few weeks
>crashing into the ground
What did he mean by this?

>>10673921
> ChainLink has nothing to show? How about SIBOS twice, PoC for SWIFT and ACCORD with zero marketing, hype, with last medium update 2017 EOY. Also the problem that ChainLink is aiming to solve is more of a bottleneck in order for the entire crypto-ecosystem to see real world use. You bet on a start-up that is betting on a startup(smartcontract.com/chainlink) to make it.

I do not know man I'm pretty sure it isn't a meme but then again also a chance it could fail. Hope we make it bro

>>10675922
i approve of this post

>>10677381
You are getting played by the FUD. Link is a solid project that looks to solve a significant problem within the blockchain tech space. The quiet team, endless rumors and amazing memes have turned it into a cult hit. That cult following creates a barrier for entry that not everyone will be able to overcome. Buying into the delusion is like having attaining enlightenment. I feel like Cypher in the Matrix where he shares a drink with Neo.

Can you blame anyone for falling into the delusion though? For having hope that their life will get better?

Chainlink, unironically, 2500 American dollars by the end of this year.

Yo ah'm actually mo' qualified ta jive 'boutdis here than most anons.ah'm employed wif uh cyber-techno machinations company, ah do uh lot o' security analyst programming type werk. Open source, decentralized, APIs, partnerships, you name it. we's'd be one o' da first companies in line fo' somethin` like Chainlink, if da decentralized smart contract space had mo' value ova traditional data exchanges. dere's uh catch though, an underlying flaw mo' deeply embedded in da bedrock o' LINK than da very code itself. da flaw iz wif da concept, an' it's dis here: Companies won't actually go through da hassle o' trusting they data API's through crypto.

Now ah can already hear yo' keyboards going frantic, but hear me out. /biz/ hates banks, an' traditional data providers. But actual companies, businesses, an' investors do not. dere's an old sayin` you might gots heard o': "If it ain't broke, don' fix it!". da idea dat any o' our bosses would give us da go ahead if we's approached dem ta put our companies valuable data in uh smart contract on uh cryptocurrency called Chainlink, dat dey've never heard o', we's'd be laughed out at bomb an' fired on da spot at worst. we's already gots API data buyers an' providers we's trust.

'But Chainlink iz trustless!' ah hear you cry, but iz dat really uh pimp-tight thin`? Just listen ta da sound o' it. Businesses don' wants ta spend millions o' bones on somethin` dat iz trustLESS, dey wants somethin` trustFUL. 'But da reputation system!', don' dat defeat da whole point o' yo' coin? If companies only trust nodes wif high reputation, wut da difference between trusting banks an' data providers dat already gots reputation, but in real life not on uh geekbox screen.

da fact iz, LINK iz going ta share da same fate as Ef will. uh lot o' 'real world application' hype, wif uh lot o' crypto world application' reality. Only, dis here billion supply coin ain't going ta come close ta da $1k dat Ef hit. Happy gambling though anons don't make me shank ya

>>10677789
Damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

Yeah.....anyone thats been on biz for more than a year can see whats happening. People can FUD or shill all they want, it ain't gonna hurt me none. I got in early enough to where light adoption will set me up for life and FOMO will literally change my family's life. If I lose, I lose. If anything, I think that link has such a rabid fanbase that it will see adoption. I remember when people were meming about BTC years ago. I see the value behind chainlink and thats why I am staying in. Do whatever the fuck you want guys but I am staying in.

sergey is our only hope

>>10677847
It's a copy pasta

>>10678330
this is pasta newfag, some link shills just spam shit for fun. get lost to whatever board u came from

>>10677381
Damn, you know your shit.
I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning.

>>10673937
First time reading this pasta, usually just skip over these posts. But: that gypsy russian and his family of neet fags really are going to become rich.

>>10673937
Also, just to point out a flaw in that logic:
>Spread Networks develops infrastructure for trading
>companies pay billions to use the infrastructure
>we can reasonably assume said companies will make enough profit to offset the cost
This is exactly why companies are going to funnel billions of dollars into Chainlink you fudding retard.

>>10676984

Some anon said that the reason Link is rising might be because of biz buying it. He said that he saw lots of posts like this where they said "selling my allts to go all in on Link" as a last hope. kinda see what he meant now.
Once every anon has sold their alts and has link this buying pressure will probably be gone. Hope hes wrong but this is kinda creepy....

>>10678529

Might be the greatest scam ever. But I'm getting fucked in every alt and bitcoin going down. I can wageslave 2 years max before suiciding.

>>10674732
>t. zilliqa bagholder

>>10677381
If you think chainlink is a meme you clearly haven't done any research on it, there is a wealth of information available about the problem it's trying to solve, why it's important, who will be affected, who is working with them...

Look into the accord project, openlaw, cryptlets, initc3, that'll be a good start.

>>10673921

>tell me it's not a meme
>posts a meme with sergeys face shopped on god

>>10677847
sarcasm
>>10678330
seriously concerned reply

topfuckingkek

>>10678651