/biz/ - Business & Finance

>>10872204
Are you doing this to trick them or did you literally buy into this meme without knowing what it is and is trying to accomplish?

as much as chainlink is a useless funding token destined to fall to zero, it sure does bring the memes

>>10872204
A 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

>>10872204
Hmmm. If only they had a whitepaper.

>>10872275
unironically this, OP

>>10872215
>>10872225
>>10872275
>>10872375
>>10872381
R E N T F R E E

OP, you must wear the shirt.

>>10872204
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
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.

>>10872552
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 high 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 Ethereum hit. Happy gambling though anons.
This faggot gets it. REAL businesses run on regulations and contracts enforced by courts of LAW, nationally as well as internationally. Holy shit, blockchain ain't shit in a real world usecase.

Why can't you brainlets understand this? OH RIGHT - you never had a REAL job in a corporation above flipping burgers. MBAs, JDs and anyone else who has just a bit of edumacation you sorely lack, understands this and is laughing their ass off about crypto.

>>10872561
(edited)
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.

>>10872204
The fucking desperation

>>10872568
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.(edited)
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
(sigh)
I legitimately can't muster surprise or anger at this shit anymore. Sergey hasn't done a single god damn thing right (or any for that matter), yet you linkies talk of him like some omnipotent being that is about to change the world.
I can't even describe how much I loathe this project right now. Holy shit. I have never hated any group of idiots more in my lifetime. Fuck all of you assholes that shill this fucking disgrace of a project.
God, what is happening to our board? The mental state of linkies is making me more and more depressed about our current situation and future. Each week I tell myself that nothing will surprise me anymore, and each week I find myself proven wrong.

>>10872578

On the plus side, textbooks in twenty years will be really interesting. I mean if schools still exist after all, because if you linkies are any sample of where humanity is going, there won't be any schools. We would just throw shit at each other and lick batteries.

Something something oracles something something decentralized.

Fuck. You.

>>10872586
The pure delusion. You retards actually think you have fundamentally analyized link and are some sort of elite investor. You know about link because its been shilled to fucking death on this shitty board with terrible infographics and extremely far reaching claims with no evidence. I guarantee none of you have actually even tried to use the testnet or have even considered the token economics at play here. The testnet is a piece of trash centralized (it uses one source) API scraper that uploads data into a non self executable smart contract. A fifteen year old could write the code to do this, it tests nothing envisioned in the whitepaper. Now for the token economics 35% of the total supply is in the hands of Sergey himself. The top 100 wallets control 85% of the supply of this coin and it's not exchanges. Binance, the biggest exchange owns ~2% of total supply. Your investment can be quite literally wiped out overnight without a moments notice. Going all into this project is probably one of the stupidest things you can do with your money but retards like you keep lining up thinking you are the next Warren Buffet. Chainlink is so far from a sure thing.
I love it how all you gullible fucks think you've already made it just by purchasing a bunch of meme tokens on a meme cat picture trading platform which does nothing just because a bunch of anons on a kosovo organ trading board said they will be worth a lot someday. Their arguments sound so convincing, so well researched, but the painful truth is that you've been fooled into investing in a honey-worded fairytale of a solution to a problem that isn't even needed outside its whimsical world of princesses and dragons. It's like those annoying infomercials who make you think you need something, and to sweeten the deal they offer it at a price too good to be true, promising results that are just about believeable and not too far fetched. I mean, the project leader is a fucking philosopher for fuck's sake.

>>10872578
hello newfriend
>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.
having a faster transaction time is a simple, easily proven, large advantage over your competitors. Chainlink is a speculative asset based on unproven technology with no working product from a no-name fat russian.

>>10872597
But let's assume, for the lulz, that LINK actually becomes valuable someday (hint: it won't). How would you cash out? You act as if it is all as simple as a click of a mouse, but it's not. Even moving the funds will be a serious challenge and most of you are bound to fuck up at one of the steps because most of you have never worked a proper job, paid a bill or possibly even gotten laid. Face it, most of you are too autistic to function in the grownup world, or you wouldn't be wasting your time (whose value you'll only learn to appreciate once it's already down the drain and too late) here.
Don't count your chickens until they've hatched. As a matter of fact, speaking of, don't put all your eggs in one basket. Sure, get a bunch of LINK because who doesn't love a lottery ticket or a game of roulette every now and then, but for the love of god DO NOT waste your money you could be using for something sensible, or your time, or your mental health by making yourself accustomed to the daydreaming of shit which will never happen. I know that the idea of becoming a millionaire by doing nothing at all seems very comfy, but life is not a movie. Those who became rich off cryptos are long gone, and they became rich only because there are deluded idiots like you. Be honest to yourselves, you owe yourselves that much. Otherwise, you're on a smooth sail to depression in the not too distant future, my friends.
Do you Linkies honestly think that a bunch of businesses all around the world are going to use a decentralized oracle network developed by a morbidly obese russian philosopher that is basically run by a cult of NEETs from a racist anime/meme forum who call themselves "The LINK Marines". You really think this shit is going to $1000 one day? In what fucking universe is this sequence of events even remotely possible to actually happen? Wake the FUCK UP Linkies, you're seriously D E L U S I O N A L.

I’m actually more qualified to talk about this than most anons

>>10872605
That sounds all good, doesn't it? Well that's what chainlink is, all bark but no bite. Remember that the founders hold 2/3 of the total supply and for 1/3 the purpose isn't even stated, they have absolute control over the equivalent of the whole current circulating supply. Pretty much every good project has a pie chart on their front page clearly outlining the distribution of the tokens for transparency and liabilitiy towards investors. Clearly a centralized scam like so many other tokens. Also, the team hasn't been communicating for months, after almost 1 year since the ICO and after months of pressure and requests from early ICO investors they made a telegram group. Wow, imagine completing a 5 minute task in a year with a budget of 32 million dollars. Still confident about LINK? I hope not, please beware of dubious projects without transparency and without updates on actual development.

LINK - Centralized vaporwave.

Is /biz/ actually this retarded? I knew it was bad but I didn't realize it was this bad. Unironically fucking cringed so hard at these posts. It wasn't even the type of cringe that you just slightly wince at. No, this is a whole new level of cringe to the point I needed to take a step back from my fucking keyboard and pace around for a few minutes contemplating on how abhorrent and downright embarrassing something like this is.
Do you have any idea the level of retardation and pure lack of awareness a person needs just to make such brainlet statements like these? Downright embarrassing, cringe, bluepilled, and horrifying at how low IQ this place is.

>>10872204
lol. why would you come to biz to research about CHAINLINK and expect a serious reply. all the replies are copypastas of utter gibberish.

>>10872204
dude, these crypto memes always splits my sides. Overall, Sergey Nazarov memes are the best. This one is one of the best representations, the other is the WEBM where his face is super imposed on a drunk guy punching a reporter. Someone post it!

>>10872395
its only a couple cents above where it was when it started being shilled here non-stop and slightly under half its value in sats from then. what exactly justifies this smug attitude?

>>10872204
if you were here in October you'd know that edging is a cornerstone of the SmartContract.com company. There is no hype, only energy spent towards working on the product. In fact edging was what Sergey focused on for his Philosophy degree. This explains why partnerships are being kept secret and the suddenness of the inevitable singularity. When the singularity happens, be sure to open the Citizen app if you live in the SF bay area and look for an incident titled "office building flooded with semen" as Sergey et al will no longer be able to contain themselves. Sergey will blow the biggest load though as he's expressed a greater propensity of a hard on for decentralization. In fact in his interviews the first word Sergey says to candidates is "decentralization." No sentences or words around it. He looks intensely at their crotch, and if the candidate doesn't get wet or hard in 30 seconds the candidate is rejected.
With this information the reasoning is clear: a significant partnership has been secured, and the smartcontract team has been vigorously doing laundry or buying new underwear. This isn't sustainable however because the massive volume of pre cum will ruin the dry cleaning machines. It's only a matter of time until the laundromats find out whats going on. Hence it is a race against ejaculation, and a rigorous mental battle to keep their enthusiasm in check.

>>10872204
Here OP. Bit of a crash course

>>10872777
checked and keked

https://chainlink.news/

>>10872568
Hey I wrote that one. I'm honored to join the ranks of stinky copy pasta.

>>10873118
flush yourself down the street, ranjeet.

>>10872777

>>10872204

You think
They are going to listen to you?

Bet you 5 LINK they are a bunch of know it alls and will convince you to all-in XLM. I have literally told your future.

>>10872204
You are gonna sound like a fucking idiot. Only brainlets online fall for this meme. No one is gonna listen to you mumble to your shoes about this Russian money laundering scam