/biz/ - Business & Finance

>>14033262
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.

I only have 100k Link which is nowhere near enough to actually make it.

All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda. It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump. I need to make it to 300k before mainnet for fucks sake. Link is only going to $10 max. Right now I might make 1MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 1MM into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 2MM, but more likely 3MM to make it. The upper predictions for Link where about $60 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity. All of that isn't going to happen anymore.

The singularity is cancelled. Now we will have a slow growth to $10. And the sad but ironic thing is most people on this board will hold from 20 cents, to $10 and then hold all the way back to sub $1 again because you all believe the 1k eoy memes, and just like the retards who held BTC and didn't sell at 19k, you will do the same with Link at $10. Looking at the current charts depresses the fuck out of me when I know I only have 100k Link, nowhere near enough to make it.

At best I will have 1-2 sweet years, and then return to wagecucking after that. But it will be worse because I will have tasted freedom and know what I am missing out on.

Kids, pay attention to this one. You'll see it many times in the upcoming weeks.

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.

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.

>>14033389
This one is actually true.

>>14033323
>>14033262
Dont literally copy that "anon" into JewTube you stupid shit eating faggot.

>>14033389

Add the mainnet flop to this copy pasta

>now every anon expected the partnerships be revealed on mainnet
>turns it was 3 centralized oracles with registration needed and no partnership with any bank at all or anything for that matter, it was a complete flop too

>>14033389
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

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.

>>14033406
Yeah of course it's true, duh... Why else would people copy and paste the same exact snippets of text everywhere instead of actually caring enough to write a personalized reply

I’ll hex you nigga

>>14033389
>>14033406
>>14033427
Alternate version:


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 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 partnerships came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during the alt bear market lots of anons and took advantage of this and fudded this coin to all the late money and newfags that bought inDecember/January 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.

1.
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.

2.
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.

I’ve been holding 50k Link and swing trading with around 100k Link for the past ~6 months, and it is very easy profit. I’m starting to get pretty uneasy about holding the 50k though and think it’d be smarter to just continue swing trading or invest that money into some equities.

I wanted to delude myself into believing the hype and that Link hype was kept in check through NDAs, but that clearly isn’t true with all these unimportant announcements lately (I agree Accord is kind of cool, but it isn’t as significant as people are trying to make it...my opinion). I was at Consensus and spoke with members of Microsoft Azure and it was very apparent they had no inclination toward using ChainLink (had never even heard of it) which further leads me to believe that just because Sergey had involvement with cryptlets, doesn’t mean that involvement included their use of ChainLink.

Are any other Anons viewing the hype created here rationally? I’m starting to think the singularity is partially from the very easy trading opportunities Link offers (or that hype really has just been created by larps during the last bull run in the hopes of dumping bags). I know this will attract a bunch of nonsense replies, but is anyone in a similar boat? Too many things don’t add up for this to be as significant as people believe. Remember all the huge companies like MS publicly fawning over Ethereum in the early days? No significant entities besides “blockchain consortiums” are talking about ChainLink (except SWIFT, but even that isn’t recent or anything similar to Ethereum’s being heralded as a game changer). There’s just a bunch of unconfirmed breadcrumbs.

I hope this does not come out as fud but I have some concerns with the Chainlink team. It appears Chainlink is a part-time side project. See below:

Dimitri Roche is currently an advisor to Loop and Tie. He does dedicate a lot of his spare time to Chainlink along with his own projects you can find on his website.

Mark Oblad's - OK it looks like he came on board in April 2018. But has not been heard of since.

Alex Kwiatkowski - A software engineer for Northpass and Pivotal. He is a freelancer that may take on a UI job here and there for Chainlink.

John Barker - A software engineer for Chapterspot. It looks like he will mess around with some SGX stuff late at night every once an a while.

Dan Kochis - This guy doesn't even have a twitter but is supposed to be head of business development. Another one that appears to be hired on but never heard from again.

Adelyn Zhou - Where do I start. She has not updated her linkedin or website to show she works at Chainlink but she is the fucking marketing director for god's sake. This "hire" scares me the most. The marketing director is basically supposed to do the exact opposite of what she has "done" so far. She has tweeted more about Rich Asians than Chainlink.

Thomas Hodges - Nothing bad to say about the Hodge Doge

Rory Piant - He was part time but rumor has it he has quit his teaching job. He still is working over at Idex and Tap Project. He has dedicated more of his part time to Chainlink as of late.

The Advisors - Don't get me started, they don't even follow Chainlink on twitter ffs.

Sergey - He supposedly hired a business developer and head of operations but still does not have any time for the community? He has no scheduled events, I could only assume he is thinking of his next venture?

Steve Ellis - he cool but has way less commits now that they hired some part time devs.

Chainlink is a blatant scam, let me explain you why:
LINK's javascript has been hacked and now all the nodes are being affected, meaning they will go offline one by one.
But here's the real trick; every node that goes offline first has to be validated by other nodes, Thus the first node won't go offline until EVERY SINGLE NODE has verified it actually has gone offline
LINK will be in an infinite javascript loop. Maybe if you're a programmer you will recognize FOR and WHILE loops. Well.. This is a FOR loop that NEVER ends.
The price will TANK to at least 50 satoshi. Maybe even lower when the nodes are actually verified being offline.
Sergey is now busy setting up extra nodes to undo this process. Called contra-hacking. He has injected some GO-language code, pseudo-offline code, into the ChainLink network. This means nodes will appear the be online, while they are struggling to go offline, but in the meantime they cant because it isnt verified yet. Neat trick if you ask me, but it wont last long before the other nodes will know whats really going on.

Get into something else now

Urine passing is a result of homeostasis. It is literally a balancing of the body so the urine passes everything that is not needed in that moment. Urine contains hormones, vitamins, minerals, amino acids that are not needed in the moment but may be needed in the next. It also has STEM CELLS IN IT. Your urine has info about what ails you and then creates antibodies when you drink it So drinking your urine is like drinking a highly nutritious meal. It is also a vaccine. If you get stung or bitten by a venomous creature, the anti venom is created in your body within 15 seconds & will pass out in your urine. I cured food poisoning in 10 minutes by drinking my pee. Before pharmaceutical companies took over, urine was used to cure gangrene on the battlefields of the world, it can be used as blood plasma in a transfusion if the patient's blood is not available. Your urine is just blood plasma but a different colour. There have been more white papers written on the efficacy of drinking urine & putting on infections, than any other therapy on the planet, all covered up by the pharmaceutical companies because if the word got out, they would go bankrupt. Hundreds of Dr's have written articles & books on the subject. If any Dr or individual starts teaching this miracle therapy & gets a following, they get threatened & if they ignore those threats, they are killed, such is the world ruled by corrupt corporations hellbent on making money out of nothing. The average mark-up (profit margin) on pharmaceuticals is around 20,000%, do you really think they will give up this method of creating gold out of lead & tell the truth? No chance..

>>14033423

wasn't me !

amazing, got more?

>>14033778
The pure delusion. You retards actually think you have fundamentally analyzed 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 mainnet or have even considered the token economics at play here. The mainnet 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. Starting to notice the pattern? I mean, the project leader is a fucking philosopher for fuck's sake.

I'm done for now.

I was at my local McDonald's the other day when I saw an overweight man in plaid huddled in the corner by the restrooms. He was intensely focused on something in front him and it wasn't until I got closer I realized that he was playing with the Legos that came with his happy meal. He kept prying the plastic pieces apart and rearranging them on the edges of the table, occasionally muttering the odd phrase or two about "decentralized oracles". Globs of ketchup and mustard were dripping on his shirt from a half eaten big mac laid down nearby. I rushed home and immediately market sold all of my link. I will never be duped by that man again. Just thinking about it makes me sick.

That roastie is pretty cool, she figured it out by herself without being spoon fed by biz. Would put penis in her vaginal.

>>14034385
Don't you fucking stinky linkies fucking get it? You're not gonna make it with your fucking erc20 shit token. You need to invest in other opportunities. Seriously just market sell all your chainlinks, ASAP. Sergey is already backpacking throughout Southeast Asia as we fucking speak telling people he's retired. It's over. Sergey's salty surprise is gonna be the exit scam announcement. Datadash was right, SWIFT cancelled the partnership because Sergey's a fucking russian scammer. It's a pity too, the project had so much promise but that's because it was never real in the first place. Steve isn't even a real fucking person. Rory said he's never actually heard Steve's voice in the Slack. The building their website says they're at is a run down hole in the wall indonesian restaurant. The house of cards is falling and Sergey knows people are starting to smell his exit scam. That's why he's vanished from all social media and forms of communication. He's in hiding backpacking asia filling his money belly until this all blows over.

It's fucking ogre guys just fucking sell those heavy ass bags.

>>14034385

I have a PhD in crypto economics and mathematics. Crypto incentives in Chainlink are a legitimate concern. I saw Ari Juels speak at a conference recently where he mentioned tokens and asked him about the token economics of a node staking system like the Chainlink network is planning to use. The problem is that node operator incentives are fuzzy at best and not even figured out fully by the team (see the gitter for Steve stuttering about this). When I brought it up to Ari Juels, I told him that in the way the network is expected to be used, the fees payable to node operators would actually decline as requests become more ubiquitous because as the network grows it becomes cheaper to use. This makes sense if you took a few advanced cryptoeconomics courses. Ari admitted that it was a great question but that they were "actively pursuing research in that area." I sold my LINK immediately after that and saw a significant dump on the binance charts. It's pretty clear these guys are pulling you along making you think they're doing something revolutionary when the incentives aren't even fully determined yet.

>>14034385

Chainlink is network that reads JSON files and sends the data to smart contracts. (That's called an "oracle".)
Useful, but not a good investment since the idea can easily be copied and 66% of the tokens available are not in circulation.

Also, although they claim that it solves the "oracle problem" (The oracle problem being that oracles are centralized, not decentralized.), it doesn't, since the data being fed through the ChainLink network still comes from a centralized API feeding data to ChainLink through a JSON file.

For some reason link holders think this gives it a future valuation of at least $100,000,000,000, which is absolutely delusional.

>>14033705
Basically what this guy said. The whole of crypto is just massive scams and bullshit, I've been in it since the very beginning on /g/ when Bitcoin news hit us. Since then nothing has really changed. Some shops kinda accept crypto and that's about it, in 10 years. The government is still wary, blockchain tech as it stands with Bitcoin for instance is still very non-functional. The whole ecosystem is highly susceptible to manipulation, for fucks sake, Bitcoin went from $500 to $19,000 in like a fucking year or something because some wanker printed a load of fake money (Tether) to pump it which in turn pumped the rest of crypto. Crypto as tech is still primitive if it's using a blockchain, the 'developers' in charge are cancerous retards, the exchanges are all chink scam bucket shops like Boinance and the market can swing 10% overnight for no apparent reason. Imagine having most of your net worth in Bitcoin, doesn't even matter what coin because they're all scams which follow Bitcoin's chart almost verbatim. You wake up and find 10% of your net worth is gone. Next month you're up 20%, the week after that it's crashed 14%. Two months later it's up by 168%. The ride will never stop. People don't put money into things which never stop swinging wildly without any apparent reason.

This is what happens when you give any iota of power to average people. Scams, bullshit and dumb systems. Normies should never have been able to have any control over anything. Groups of normies equals fuckups.

I went off on a bit of a tangent but what I meant to say is blockchain and crypto is a meme, companies just play along so they don't look so dated and out of touch with tech but they don't actually care much. Smart contracts are an even bigger meme, vulnerable, complicated. Decentralised oracles are meme squared. I've never been wrong about a long term investment.

thanks, just liked comment and subscribed.

>>14033262

What does FUD stand for?

Also whats a discord tranny, how is that different from a regular tranny?

>>14035073
Fluff, underpants, dominate
...chainlink is a bondage coin if you havent noticed the name. discord trannys suck because they look for dick sucking attention

>>14035108

I googled fluff underpants dominate and there were no resuts so I'm going to assume you're just having a laugh.

>>14033389
> in a room of like 18 people next to the public toilets

cracks me up.
every. time.