/biz/ - Business & Finance

>>11014041
This. LINK is shit already just because it is on Ethereum.
>inb4 "team can move it to another platform"
The same team that averages around 2 lines of code per month is going to do that? LMAO

>he doesn’t know

>>11014041
Who is going to shit on St*reets when Toilets can't scale? Like what fortune 500 pajeet would want to shit in the Toilet? It is way too slow and expensive (gas cost). What makes you think Toilets will ever see mainstream adoption for shitting?

>>11014096
kek

>>11014041
>>11014065
It works on any blockchain lol

>>11014115
Nope, it actually doesn't. You'd have to take time to actually integrate it to the specific platform. Algorithm/logic might be the same, but the code itself would have to be rewritten.

Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life.

Chainlink is a meme started by 4chan (an infamous trolling board) to lead people too financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night.

Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are overnight are over, that right the guy who created the second most popular crypto said himself those days are over.

Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto, chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology.

Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over.

Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY.

This is a 4chan meme to siphon money out of the hands of the already vulnerable.

>>11014152
>acktchually
kys

>>11014166
>triggered
lul

>>11014152
This is pajeet tier FUD. You can do better, Ranjeet.

>>11014041
MICROSOFT COCO. HOLY FUCK. 100x FASTER. DO UR OWN RESEARCH

>>11014065
Are you the only tranny in your family?

If not, how do you feel about the other one and how have they affected you and how did your family react to multiple transistors in the senpai?

OP is right now, all the current blockchains are garbage, even if LINK turns out to be excellent, if there are no viable chains that scale properly, how and who will use link?

>>11014177
Why would I be triggered. Your best FUD is one that isn't even remotely true and you have to enforce it by saying
>acktchually

>>11014163
lol yes bc Vitalik knows shit about shit, I can tell LINK pisses Mr. ETH off from his previous tweets

>>11014235
>>11014229
>>11014209
How about this FUD then:
The price of LINK holding on relatively well in this market is actually a bad sign. It indicates that most of the circulating supply is not held by investors/traders, but by the devs themselves.

>>11014251
Wow, you might actually be clinically retarded. Why would it matter that devs hold most of the supply? Circulating supply is what affects price. The rest of the coins might as well not exist.

>>11014163
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life.

Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night.

Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over.

Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology.

Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over.

Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY.

This is a 4chan meme to siphon money out of the hands of the already vulnerable.

Now I understand why LINK posts mostly disappear at around this time. Just checked, it's already past midnight in India.

>>11014041
>deliberately bypassing filters

>>11014041
Literally nobody will use LINK, Quant will be the industry standard for blockchain interoperability within enterprise.

>>11014041

>>11014242
No way José

>>11014375
this was the conclusion drawn months ago btw. Who knows what other developments may surface once this thing is online.

>>11014251
Okay this is actually decent FUD.

~75% of all LINK tokens are held by either the devs or Binance.
1. I honestly believethat based on his character, Sergey would never dump on us. If he needed to sell he'd do it over time. That's just my opinion.
2. Even if the majority of the supply is circulating, by my calculations LINK can still reach several hundred dollars.
3. Tokens aren't solely used for payment, but also staking, meaning that a significant portion will remain locked in nodes as collateral for extended periods of time. This will significantly diminish the circulating supply.
4. 350MM tokens are reserved for 'incentivizing node operators' meaning that they aren't the teams to spend. No one is certain of their fate, but the vast majority, if given to big entities, will likely not be circulating.

>>11014394
Toilets have been online for many years, pajeet.

>>11014394
What pic did he post?

>>11014420
This is the best explanation I’ve read.

The 350MM- how will the distribution reward occur so the value of link doesn’t go down? Any possible scenarios

>>11014420
You seem clued up and like you really believe in Link.

Why would Link only be listed on Binance if huge companies like swift etc are a part of it?

>>11014251
5/10
it indicates that there are people actually believing in the project rather than moonboys

>>11014526
Because it was never intented to be In any exchange. Binance started to trade it without CL tea concent

>>11014618
'team concent. Fuck autocorrect

>>11014232
LINK doesnt need chains to scale. it's not an issue. thodges has gone over this b4.

>>11014618
That's a breadcrumb never confirmed. How is this even possible?

>>11014699
To me it is a plausible explanation. Why else a top 100 token whould only be In a single major exchange.

>>11014487
Thanks man, I honestly have no idea. I'm not sure what the exact plan is but it seems like there are two options:
1.If they intend to distribute it to business who want to use the network they'll basically be held indefinitely or spent to pay node operators.
2. They'll be used to pay node operators directly to the get the network up and running.

One of us should ask Thomas about it. I've been hesitating because it's probably the last thing on their plate at the moment. Essentially, the worst case scenario is (if all node operators were to stake and all received the equally proportional rewards, in the very very long-run) we would see the supply 2x but our stacks 2x as well from staking rewards.

>>11014526
https://www.youtube.com/watch?v=xpYRD5b50pc

Watch this video and pay close attention to 0:13 - 1:08. Thomas made this before he worked for Chainlink and he explains why the company is kinda trying to stay in the background until the time is right.

>>11014747
Interesting point but how did Binance pull this off?

>>11014774
cz is based, that's why

>>11014869
explain to a brainlet who knows nothing

>>11014875
cz our guy

>>11014878
ahem

>>11014774
That i dont know, perhaps they bought from ico or used a middleman. Either way binance has a quite big amount of link.

>>11014251
HAHAHA

>>11014869
This isn't really acceptable anon. How did CZ get access to be able to trade it on his exchange?

>>11014096
Don't you mean who is going to sit on the street because toilets scale. Pajeets because they love to

>>11014232
> what is hyperledger?

>>11014908
Nobody seems to be able to answer this question.

>>11014352
op based and redpilled

>>11014915
exchanges do that kind of thing all the time man

>>11014096

>What makes you think smart contracts will ever see mainstream adoption in enterprises?
Are people still spoonfeeding faggots like this? I thought we'd moved on...

Yeah honestly that's one reason I have sold my links for now

>>11015852
How though?

Hyperledger Burrow
DEFINITION of 'Hyperledger Burrow'
Hyperledger Burrow is one of the Hyperledger projects which operates as a permissioned Ethereum smart contract blockchain node. Its primary function is to execute the Ethereum smart contract programming code on a permissioned virtual machine.

When you stake the tokens where are the tokens coming from in the circulating supply.? I dont understand

>>11016057
From the ones who have link and will pay for your contract.

You provide the data
They pay with link
You get more link

>>11016073
Or they pay in fiat and a smart contract gives you LINK. Its a whole new world with oracles and fiat gateways, tokens become transparent to consumers of the service

>>11014163
this

>>11016208
Customers will not pay with Link, they will pay with Fiat .. Node operators will be rewarded with Link, which they can then sell for Fiat. As adoption increases, and with it demand as a result of increasing nodes, so will the price of Link. Side note, most likely SWIFT holds a huge stack of that 650K that are not in circulation, which will increase in value while they are being held. Swift makes a killing off Link.

>>11014747
low volume ???

>>11014163
>>11016614
The FUDers are persistent today
Chainlink is the only legitimate project in the crypto space side by side with HOLO (and perhaps sky). The coin is being discussed and cross-validated here for a year now, constantly and successfully.
If the coin was a scam, it would get smashed in discussions, and it defends itself beautifully, always

>>11016776
>Chainlink is the only legitimate project in the crypto space
I would say besides link, the only 2 investments you need in crypto are XMR and BTC.

>>11014699
>>11014618
it's 100% not true either. Binance sent a rep to the slack who got in touch to ask permission, and CZ has said many times they only list with permission and he seems like a pretty above board guy. Not to mention the team has since sent to and presumably sold many tokens on Binance. If they wanted to sell to fund development they could have sold on etherdelta.

>>11016008
They buy a lot of supply (pre sale, ico, otc) and make the market. It's not complicated.

>>11014163

>>11016776
>Chainlink is the only legitimate project in the crypto space side by side with HOLO (and perhaps sky).
Advanced fud