/biz/ - Business & Finance

the answer to all those questions is "the price goes down." anyone who thinks otherwise is hopelessly deluded

>sirculation

>>11627536
Sergulation

Link finna dump

>>11627527
Those tokens are being held for institutional use. The vast majority of the supply will be staked in nodes, taking them out of circulation. Speculative retail investors will not be holding a significant amount of tokens.

>>11627582
So people must be deluded then, when they say the price will skyrocket because of staking drying up the supply.
The current supply will not dry up much at all, when the tokens used for staking will be given away from the team. Am I wrong? Just trying to understand

Is seriously nobody worried about this?

>>11627582
kek, this is going to be a disaster. Unironically sold my stack

how will chainlink be a centralized system?
has academia always been bashing each other?
university of toronto vs cornell?

>>11628126
Its not that bad. Itll all be a slow release and only cut your profits by 70% which is still good considering 1k eoy.

>>11628195
Do the math, 1k isn't even possible. At best 14$. Retrace that by 70% is about 4.2$

>>11627547
Kek!

>>11628126
The worst case scenario is that the price will be slashed 4x when Sergey would get bored and dump all. That's not that horrible.

nah it's fucking good if you're operating nodes, 350m are held as incentives. Those who just hold and wait for price to go up can go fuck themselves.

>>11628271
Nigga its $1000 EOY . $10,000 by 2020. Quit being a FAGGOT.

>>11628513
>350m are held as incentives
what is an 'incentive' in this context?

Sergey's stack will go to SWIFT and/or other big Co. as incentive for using the network.
Most of it.

>>11628576
you deluded linkies are going to get burned so hard.

>>11628605
Can’t wait for your “I can’t take it anymore, /biz/“-thread.

>>11628720
It used to be 1.1$, remember?

>>11628737
So what?! If you seriously don’t believe that this project will reach $1.1 again and surpass it by far, you are probably better off killing yourself right now instead of experiencing the mental torture when LINK hits $25 and you realize you should have bought under $1.1 instead of being the retard you appear to be now. I’m glad people like you will never make it.

>>11627527
chainlink has an incredibly amount of red flags:

-only hired 3 devs
-Sergey is not a dev and sounds like a low IQ simpleton in interviews
-60% of tokens are held by team
-extremely slow progress, that combined with the fact that they only hired 3 devs after raising 30 mil, screams "slow scam" where a team raises money and just slowly build a useless project for 5 years while stashing the money away quietly.

>>11628826
>So what?! If you seriously don’t believe that this project will reach $1.1 again and surpass it by far, you are probably better off killing yourself right now instead of experiencing the mental torture when LINK hits $25 and you realize you should have bought under $1.1 instead of being the retard you appear to be now. I’m glad people like you will never make it.
the team is incompetent and has no previous accomplishment, it has 0% chance of success.

>>11629569
this. linkies are definition of delusional. Link will never go above $1 again. screen cap this post

>>11629561
This.
It has always been well known that Ari Juels is a lazy jackoff and Town Crier was set up for cheap acquisition / laundering specifically for when Sergey "bought" it. That's basically the final stop before the full exit.

Heil Hitler.

Nice, fud from 2017. Good job bros.

>>11629735
Fudders have become desperate.

>>11628126
Apparently not because they fell for lapers that convinced them that 900 million tokens would somehow be "locked up" and never touch the market.

>>11629732
based and redpilled

>>11627527
Yeh this is seriously a red flag. Linkies should also be aware of a few others:
>2 man team, 1 being philosophy major with no technical background, plus a bunch of 'advisors'
>ICO was a shitshow, they accepted more ETH than they had tokens for sale. They didn't even use a smart contract...
>There are multiple planned private forks of LINK that could potentially be used by businesses without the need for the token
>Someone with access to a 'reserved' token wallet has been moving millions to Binance. It hasn't been accounted for on coinmarketcap, so the circulating supply displayed is incorrect.
>It was confirmed that Sergey used to LARP here as someone called 'AssBlaster', and paid for shills when price was tanking earlier this year.
>Sergey 'exit scammed' on his last crypto startup; Secure Asset Exchange.
>Sergey has put on a staggering amount of weight since the ICO. It's suspected that it's due the stress of trying to deliver the practically impossible; a solution to the oracle problem.
>Jason Parser

Also remember Cryptamail, another one of Sergey's former exit scams. http://www.cryptamail.com/
He is just waiting for the right moment to dump all of his 650 million Link token and then move on to start the next project.

>>11629702
>Link will never go above $1 again. screen cap this post
Link $1000 eoy, screen cap this post

>>11629904
>>11629904
>>11629904
>>11629904
>>11629904

>>11629904
Why do we let scams like LINK on /biz/?

>>11627547
Sergulation. verb. The moment of distribution of LINK tokens to node operators.

>The sergulation will be determined when the Chainlink team launches mainnet.

>>11627527
Jesus... this is an ICO link holder bringing out some stale pasta.

>>11632108

Reblogging

>>11633003
>55 characters
Not a single adressing the questions in op. Is this the state of /biz/ after the normie influx?

>>11628126
No, Your new as fuck and have done zero research. Die in a fire.

>>11628126
No

>>11633360
Oh yeah sorry - I don't really have an argument and I'm just another retard. You and the OP should stay away from link - you're too clever to buy a shitcoin like this. Tron is more up your alley.

I'm sitting in a cafe in Valencia right now, sipping
a coffee and waiting on some of Valencia's famous seafood. A band is setting up, its going to be an afternoon of blues and seafood. Over the course of this three month holiday, the value of my 120k link, and therefore my net worth, has more than doubled.
The thought of all of these absolutely panicked swing trading faggots, desperately trying to cobble together some fud day after day, is just the funniest shit ever. Oop, band is starting, gotta go.

>>11633738
kek, only 120k stinkies and already living like you made it. You're no better than that shoe horn faggot

>>11627536
Fpbp

>>11627527
This is deep-level research a year in, anon. Can't believe this has never been discussed. This could change everything.

350,000,000 LINK will be distributed to node operators. This will likely take years and those operators are unlikely to sell their LINK because they will probably want to use them to get higher reputation and more jobs or use them to stake at linkpool/similar service.

The other 350,000,000 LINK we are unsure of. The team hasn't spoken of these but I assume that they will keep them to sell or give away to large companies to try the network or set up their nodes.

>>11628126
No, even with 1 billion tokens out, 50$ per link is still under half of Bitcoin's current market cap, piece of cake for LINK even without bull market.

>>11633906
Some of it is to prevent price manipulation by whales I think, and ensure at least a somewhat more even distribution of LINK in order to have the greatest possible number of operators pending main net. If it was just a couple of richfags with millions the whole network would be completely useless as it wouldn't be very decentralized.