/biz/ - Business & Finance

Insider here.
He's getting liquid funds to buy 4chan.

Followed the Etherscan, motherfucker is legit dumping

Has he announced why? This is not FUD, this is our messiah fucking us over

It's in the whitepaper that the tokens they hold were going to be sold to further development, you top-buying nulinker faggot.

>>14805042
what do you think the endgame is for any of these shit scam coins?

Build something useful....HAHAHAHAHAHAHAHAH

43 million more to be dumped

>>14805060
I was just kidding about the tenth batch, they are selling some links for capital
https://blog.chain.link/growing-chainlink/

lol scam scam scam

>>14805042
They are trying to buy the rights to the big mac, ita going to take the sale of 400 million more tokens for them to even be able to come close.

proof or gtfo retard

also, sergey need to keep funding the project, the world isn't your basement and nothing is free

>>14805088
of course how else would you connect big macs to real world information?

>>14805090
read the thread retard
>>14805074

Someone better have the balls on Wednesday to ask him about this

>>14805106
>autist with balls
yeah not gonna happen

>>14805069
They actually put it into their whitepaper that they are going to exit-scam, so they can exit-scam without alarming everyone? lmfao, this is on another level.

>>14805090
You don't need to sell hundreds of millions of dollars worth of LINK to fund operating costs for what is basically a handful of neckbeards and chinks sitting in front of their macbooks.

This is the STINK TEAM playing the market and believing that they can sell now for more than they'll be able to sell later. To come to any other conclusion is utter delusion.

>>14805042
the larp said 30M are to be sold for hiring staff and acquiring 2 businesses

>>14805171
they have a office in one of the most expensive addresses, they have a multi man team, they have to cover her travels

SERIOUSLY, FUCK YOU. I NOT WILL SELL YOU MY LINKIES

>>14805202
I AM NEVER SELLING MY LINKS EVER

>>14805202
When Sergy is shown driving a new electric Ferrari pls don’t be surprised

>>14805074
I don't see shit about selling some links for capital

>>14805232
thats not like him, dude wears the same shirt everyday, probably drives a camry

>>14805069
It's in the whitepaper that the tokens they hold were going to be sold to exit scam, you top-buying nulinker faggot.

>>14805241
yeah i know, dont blame ya, its hard to have the two IQ required to comprehend what growing a company means. maybe youll get it next time! im rooting for you!

>>14805171
>>14805232
>>14805153
>FUCK YOU STOP LIKING THINGS I DON'T LIKE. FUCKING SELL. SELL REEEEE

>>14805202
>they have a office in one of the most expensive addresses
shows how wisely they use their resources. Does this guy think he's the CEO of Google?
>they have a multi man team
Millions and millions and millions of dollars worth of link dumped on the open market
>b-but multi man team
MILLIONS OF LINK
>they have to cover her travels
to McDonald's

Again I reiterate: Sergey is selling his link because he'd rather sell it now for $3 than sell it for $1 in a month, all at the expense of holders. Don't fucking kid yourself.

>>14805153
they have truly thought of everything.

>>14805294

Based, was going to post the same thing

You fuckers defending this obvious open market dump sound like young cringe kids playing with your mummies pocket money

>>14805042
Yes running a 10-20 man team and buying 1 company with 2 people in it costs 60 million $. Didn't you guys know that?

It's just normal expenses.

2 years * 20 guys = 1.5mil per person ($60mil). Didn't you know that? Most people in SF are paid 1.5mil a year. That's just normal business. You guys don't know because you don't live in the valley.

Especially legit guys like Chainlink team who are mostly in their 20s and only have a few years experience. Those guys could easily earn 1.5 mil a year anywhere in the Valley. That's how much a business cost guys. This is completely normal. Don't worry.

How much is an office for 10 people in the valley? It's not 10k a month like normal places, it's 500k a month. 500k * 24 months, that's $12mil. You don't understand, you've never lived in the valley. An office space for 10 people is 100k a month. This is completely normal guys. DON'T SELL GUYS

>>14805294
retard. stay poor

>>14805294
you seem so smart and insightful, can you tell me how much they paid for the purchase of town crier? seems like these kind of purchases take millions of dollars

>>14805042
enough. this is the only fud that gets to me, you don't need $37mm+ to hire people

The fact that they aren't selling OTC is disgusting. It also signals that no one wants the amount they're selling. Fucking sucks.

>>14805042
bullish as fuck desu
We moonin.

They’re definitely exit scamming. Sell sell sell! When I buy them under a dollar it’s because I’m trying to help you recover some money, so you’re welcome.

>>14805345
you seem to know a lot with what companies need and dont need, can you explain how you got to your numbers?

they will dump as much as is needed to prevent it from being valued at more than a cup of coffee. It can never go above 3.50

>>14805345
You don't need 32mil to hire 5 devs in their 20s for 2 years.

You don't need 32mil to rent an office for 10 people in SF.

You don't need 32mil to buy town crier, a company with 0 users and probably less than 3 full time people.

You don't need 32mil for any of that.

I'm starting to think that the reason why it was banned in new york is because ((they)) know

>>14805359

Can you explain why they need 37 million?

>>14805374
how much do you need? you seem really smart and seem to know a lot about this. let me guess, town crier costs $10?

>>14805171
7M LINK tokens is only like $20M you fucking sperg. If you don't like it then sell and shut the fuck up with your complaining.

>>14805374
this is sergeys only chance to make it , he deserves it for the fun we have had shall be reward enough

>>14805386
you think big macs are cheap? lmao nulinker

>>14805390
its probably more than that since they've been dumping since it got to $4

>>14805359
>you seem to know a lot with what companies need and dont need, can you explain how you got to your numbers?
Chainlink devs are probably paid around $100k a year looking at their age. Non devs will be paid even less. That's how much solidity devs make (I am one).

That's 500k a year on employees.

Rent in SF might be 1-2k per person, maybe even less. Not each person has their own office.

That's 10-20k a month in rent.

That's only 700k a year.

How much is town crier worth? It's a tiny team with 0 users. 1 mil at most, probably even less.

They raised 32mil, and now are selling tens of millions worth of link.

Where is all the money going? In Sergey's bank account in the caymans.

>thanks for the money comrades

visualize as often and detailed as possible

>>14805427
Sergey here, I'm going to buy SWIFT.

>>14805427
I work in VC, a firm like that (solid developed product but no users) recently went for $600k

>>14805359
>>14805374
Oh, this is just a coordinated fud campaign. I already know why they need all of the money and it's because of op's post right here >>14805074 . No idea why OP is fudding his own investment in jest though. Regardless, you're never getting my linkies.

>>14805427
https://careers.chain.link/
https://blog.chain.link/growing-chainlink/

Anyone in SF that can call Sergey out on this?

>>14805348
most of the kids on this board need to learn this lesson, best they learn it the hard way

If this was a scam it was probably the most elaborate scam in history.
Seriously can you think of a more elaborate scam?

>>14805069
so not only is he dumping, but he's increasing the circulating supply. what a stupid fucking faggot this motherfucker Sergey is.

>>14805462
Like I said, even having 10 employees the age of Chainlinks team and offices in SF should cost less than 1mil per year.

Why does he need 32mil + millions worth more to "grow the team"? He should still have 90% of the 32mil he raised.

It's not a "fud campaign". It's FACTS that you're pathetically trying to burry.

>>14805462
im just bored/going crazy waiting for the real moon. I also am aware fud link on the chainlink board is completely useless haha

>>14805506
>even having 10 employees the age of Chainlinks team and offices in SF should cost less than 1mil per year.
AHAHAHAHAHAHAHAHHAHAHAHAHAHHA THIS DUDE HAS DEF NEVER WORKED A DAY IN HIS LIFE HAHAHAHAH

>>14805462
they want our linkies so bad bro

pathetiic

>>14805294
You may be one of the dumbest fucks I have ever read on biz, seriously.

>>14805294
retard

Thanks just sold 700k

>>14805506
Are you insane or just retarded? He’s obviously keeping the price artificially low amidst all the bullish rumors while also raising enough capital until the meeting Wednesday when he will announce he’s buying a chain of Bay Area McDonald's. Also who cares I’m only into link for only $1500 and I have 3000, it could go to negative zero and I still won’t sell

>>14805506
7/10 bait. I'm glad the chainlink fud is starting regain some semblance of it's early 2018 glory. It's been so incredibly bad lately.

It's a more honest business move to sell tokens at this price range than holding their 300,000,000 until it's worth $300,000,000,000 with the rest of us.

>>14805171

Spoken with the shibboleths of a true Dunning-Kruger. How about: they recognize that it has gone up a lot in value, and think it's a sensible time to liquidate some of their holdings in order to raise funds? Moreover, the amount they're liquidating is not of a "let's offer some talented prospective employees a good salary" magnitude nor is it of a " let's cover rent and operating costs for the next 2 years" magnitude. This is acquisition amounts of money. They are making a big move and I doubt everything will be finalized soon enough for them to make any substantive announcement on the 17th. But it will be big.

>>14805042
Maybe it's not Sergey, some team members might want to cash in their link shares? I'd bet they offer them a contract to take link tokens instead of wop when they first sign up. T. Toolazytoreadtheblogpost

>>14805506
100k per floor per month

>>14805497
Abrahamic religion

>>14807338
good point

>>14805328
basically this lol. clear scam

Heh nothing personal, kid. Sergey is accumulating the real oracle solution. We all know what it is ;)

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

another $2M straight dumped on us
how much more money does this fat fuck need? he got $32M 2 years ago

>>14807651
Russians/Slavs are extremely greedy, like chinks. They have the same DNA

>>14805042
Who cares. You had weeks to sell around $4. Enjoy the ride back to 75 cents.

Buy UND.

>>14807651

Once we hit $0 EOY

>>14807651
Don't forget the ETH raised mooned to $120M. Most blatant exit scam I've ever seen, I would hope the fat bastard gets caught but I like seeing linkies dreams flushed too much.

>>14805427
>Chainlink devs are probably paid around $100k a year looking at their age. Non devs will be paid even less. That's how much solidity devs make (I am one).
>That's 500k a year on employees.
$100k sounds like poverty-tier wages for retards

I make double that and I don't know shit about smart contracts

>>14807651
thats 42 mill roughly raised right? plus the 32 they got from ico

>>14805345
You do need a shitload to buy out though

>>14807690

yeah niggas had a couple of years to sell ETH for 5 bucks too

Isn't anyone worried he's selling now but not in September where there's supposed to be some bullish news?

>>14808044
the 'team insider' said they'd be selling off 30 million LINK, so this is just the start

>>14808044
If they sold when the price pumped up into ridiculous ranges it'd be insider trading

>>14808066
That's 42 days of dumping 700k a day, wtf?

>>14808066
30mm LINK is 700,000 a day for 42 days

>>14805348
This is the true redpill. Unfortunately it will be lost of most of /biz/.
Hopefully some linkies will take heed.

>>14808081
math frens

reminder you still have time to make it
Jul 17 SF ETH Dev Meetup
Aug 2-4 trufflesuite/Microsoft
Aug 19-21 Web3 Summit
Sept 12th Binance US Ban
Sept 14 PSD2
Sept 15-19 Oracle Code One
Sept 23-26 SIBOS/SWIFT

isn't it bullish though that the price is still above 2.50 even after selling so much?

>>14808138
I'm shorting today on bitmax.

>>14808138
Not really. We won't know shit until it's too late in either direction.

>>14808138
it is. these threads are fud

>>14808138
Only down 45% from ATH. So, so bullish!

>>14808179
>up hundreds of percents
>only went down 45%
yeah its bullish you fucking retard suck my butthole poop faggot

>>14808081
its called flooding the market. he runs a ponzi scheme . tesla will probably flood the market just as facebook flooded the market. all are ponzi schemes they just work in different industries

you see unlike a investor a company has no need for a high share value fuck the investors lock them in and force them to take a hit while you keep the money. hahahahahahhahahahaaaaaahhahahah

with crypto its about value per unit just like shares but unlike shares people expect it to have some real world meaning like i can go pay a bill with it which isnt not the case really most of the time. as a result most of the time you cant go any where with crypto. some you cant even download. its on their servers only. thats scamception. its a ponzi scheme wrapped in a fly by night operation

so the conversion back to dollars may not be what people expected but what you can expect is that if the rate of aquisition declines the value drops as he floods the market. he wins either way. you keep paying into the ponzi scheme he makes money. you bail he flooded the fucking market and you dont get no $4 link despite the total wealth in it paid in supporting that just days ago

Alright, I'll help you guys out. Some of you seem to understand this already. Yes, the team will be selling 30 million LINK. It will be made clear later as to why. They started to sell when they did as to not raise suspicion for selling after good news comes out over the next couple months. Selling before, during and after news makes it seem as though they genuinely needed to raise more capital, and weren't participating in insider trading. There's enough volume to sustain this now, and the volume in the coming months will be more than substantial. Remember that Sergey plans everything well in advance, and he needs the price and volume to increase in order to raise enough capital for ongoing acquisitions and development. Enjoy the calm while it lasts. Peace.

>>14805506
Chainlink doesn't even have an office. All they have is a Cayman islands email address lmao. Also all their job listings are remote, they are not even planning on having an office, let alone real developers. This scam is getting out of steam

insider here. a small part is for additional hiring. most movement is cto + devs requesting their link payouts. percentage of their salaries are paid in link + potential sign-on bonuses for certain talents.

>>14808351

>>14808351
>tfw can tell when a larp is real
anybody else ktf?

>>14808351

>>14808351
yeah they waited for it to dump to sell. that sounds like what first rate intellects would do

>>14806376
Sergio is much more caluculated than that. He knows link will never reach ath. If you didnt sell you are 90iq

>>14807781
For starters, look at supply. The thought of you trying to compare the two is just no.

>>14805069
no it isnt. none of you fuckers have even looked at the whitepaper

>>14808138
They're probably not relying on the market at large to buy those bags. Sobit doesn't matter.

>>14808351
>insider here
>very general information here
I smell a steaming pile of larpshit.

>>14808501
thats probably you dirty schizo

>>14805328
They only have three software engineers, 10 employees total (11 if you count "community manager" as a real career). The rest of the "employees" are "advisors"; people that were likely paid a small sum to use their likeness and credentials on the project's website without contributing anything tangible to it.

btw:

>Cayman Islands

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>14808501
enjoy our bags daddy

>dan kochis
>get fancy job title
>actually just sergey's hot ;) water boy
>get 500k stinky linky sign-on

how you plebs feel now?

Remember they have 650 million Link ready to dump on you
> muh OTC
> muh node running big companies
> muh staking

Hilarious

>>14808554
ignore, this was my alter

The dump fud is the stupidest fud. They clearly stated in the whitepaper a portion was reserved for bussines development. Are people unable to read?

You need capital to acquire promising companies, simple.

>>14808719
>>14808729
You are being dumped IN THE MILLIONS and yet you still find reasons to delude yourself. Lmao this is definitely a sect gone wrong mixed with stockholm syndrome

>>14808757
>they've sold millions!
>out of a 350m market

I sleep

>>14805328
> t. an absolute brainlet poorfag's understanding of operating costs
KEK
Please sell your stack if you have any left and just put your link filters on.
I swear to god this board really is just reddit without a voting system at this point.

>>14805074
>https://blog.chain.link/growing-chainlink/

Yeah, who is doing their security? And why aren't they hiring anyone to do security? They mention - point One - the need to build secure systems, then they don't angle for staff with that discipline?

>>14805294
>Again I reiterate: Sergey is selling his link because he'd rather sell it now for $3 than sell it for $1 in a month, all at the expense of holders. Don't fucking kid yourself.
This. The most literal insider trading

can somebody make a sergey version of this dated 31/12/19 and they are now worth $1000

>>14805348
>The fact that they aren't selling OTC is disgusting. It also signals that no one wants the amount they're selling. Fucking sucks.
Underrated
/thread

>>14809181

>>14805427
>Where is all the money going? In Sergey's bank account in the caymans.
There are people here who unironically don't believe this

>>14805241
Read the white people, remember contarl f :
>>14808319
Using ico money just to be located in san fran means youre already terrible are prioritizing budget and you probably like to bang dudes or maybe you like to get banged by gays and sf discord trannys

>>14808351
Sergey here. You're fired, I'm selling everything and buying McDonalds shares.

>>14808757
You're a fucking dumbass...jesus

>>14805153
>corporations selling stock is always an exit scam
??

>>14805171
Time is money, why should they sit on their hands and throw away their first mover advantage, just so they can have more capital in a year or two.

ffs I use to joke linkies are deluded
But... it is quite scary how much they actually are
The singularity happened, right before your eyes.
I don't know what else you guys expected, $1 to $5
Mainnet and google news along with other stuff all at the same time. Talk about perfect timing for mega pump.
>That was
>the
>sell signal
You mean to tell me, with muh adoption the price will go parabolic. And just continue to pump for months on end to hit $1000... or even $100? !!!!
AHAHHAHAHAHAAHAHHAHAHAHAHAHAHA

>>14805042

>>14809116
What has given you cause for doubting their security? I don't see them fucking up.

I fucking love Chainlink threads

>>14805042
JUST IMAGINE THE DOPAMINE HIT WHEN LINK HITS $1000 EOY

>KRSSSSHHH

>HAAAAA

>>14805042
Hahah

AHHHHHHHHHHHH

>>14808445
>>14808464
>>14808501

>we're all in this together

>>14805171
>>14805294
>>14805328
>>14805374
>>14807651
>>14808351
They need the money to buy a big company in the blockchain space, which will be announced in September. Screencap this.

>>14805074
>selling some links for capital
also known as exit scamming

Just b glad he didn't market sell in one big batch

>>14805074
>Smart contracts provide a unique opportunity to make global financial markets work in a safer, more transparent, and less extreme manner, allowing societies to avoid large financial crises like the one in 2008. For example, if mortgages issued from 2004 to 2008 were built as smart contracts that continually tracked the evolving ownership, credit score, income, and other key factors about a mortgage holder, the financial market participants’ purchasing those mortgages would have had the necessary data to avoid faulty assumptions about solvency, which would have allowed the global economy to greatly soften, and possibly even entirely avoid the financial crisis.
Putting aside the absurdity of this one scenario, this is some social credit score-tier shit. Chainlink really is the mark of the beast, isn't it? We're literally about to become barons to the apocalypse.

Time for some maths. He sold 7m linkies at 2.75 average. Thats 19.250 millions. Ok?

Now lets assume the price will pump to 5 bucks ea thanks to the myriad of announcements and conferences in the next 2 months. They lost 15.75 millions. Just for not waiting 2 months to sell.

Clearly they think whatever pump there is, is not worth 5 bucks per link. Much less 10 or 20 in which case the amount of potential money lost would be astronomical.

>>14811830
or maybe they need liquidity retard
think of it this way: they're keeping 98% of their link in anticipation of future price rises, and liquidating 2% of it after the stabilization of a 10x growth period

>>14811830
They didnt lose anything retard, they made money.

>>14811841
Do they really need 20 millions for the next 2 months? No, they dont. If they needed liquidity they would have sold 500k links tops.

The fact they are willing to waste a potential 20 millions for not waiting 2 months doesnt make sense for any triple digits IQ. They clearly dont expect the price to go much higher in the next 2 months

>>14811884
You didn't even read his post retard. They don't have to cash it all out at once. And do you think that every time an employee receives stock options, he exercises them because he's not expecting the value to go up? Maybe he just needs money.

>>14811884
They're buying another company you chimp.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

SERGAY PLEASE

It was clear that its scam from start

>>14811830
Pleasepleaseplease tell me you're some underage idiot and not actually an adult this stupid

>>14811841

>they still have 98% to dump

AAAAAAAAÀAAAAAAAAA

>>14805042
This token has stunk like a scam pink stock this whole time.

i dont fucking care im so jaded at this point
i fucking hope we go under a dollar again so i can get another few thousand linkies