/biz/ - Business & Finance

It’s over

>>14891638
sell then bud, its pretty simple

>>14891638
Thats cool. More cheap link for me

good
making progress increasing the circulating supply

What a scumbag this dude is. Smart contract should be grabbing funding like any other entity, not dumping on ico investors who expect more

WHY IS HE BETRAYING BIZ

>>14891638
w-wait,

S-SERGAY is S-SCAMexiting?

>>14891694
is it really a scam when holders are happy he's dumping?
it's an elaborate form of findom really.

Fucking pussy ass cunts at the presentation wouldn't even ask him about it

>>14891739
Because anyone who isn't a brainlet knows what it's for

>>14891739
>ask sergey about the dumping
>hes confused
>someone explains "yes, 700k link stacks are being dumped from dev wallets. whats up with that?"
>sergey looks at his phone perplexed for a few seconds
>starts sweating profusely, stumbling over all of his words more than usually
>makes a phone call and rushes out of the door, takes his laptop with him

>>14891788

Yup that just enfolded.

DAMN

>>14891638
That is such a red flag. He should've sold OTC to investors. There are venture capital firms literally begging for projects to fund. He could've sold to them OTC and link would've remained at minimum $5 and probably pumped to $20 once news got out VC firms were getting involved and putting money into it. If any CEO did this with stock of his company there would be investigations.

>>14891739
I'm gonna be real here, as a 500 link holder. That presentation the other day was utter shit. I want to believe in this project, but after seeing that mixed with these 700k dumps, it is difficult. Watching Sergey up there was like watching a highschooler present their senior thesis or some shit. It felt ill prepared, it jumped all over the place, and he constantly struggled through his words and analogies. I don't disagree that the guy is smart as fuck, but they really need someone more professional. That, or Sergey needs to put way more time into his speeches and presentations.

Yes and then once he is done in a month our shit is gonna explode.

top 600 wallet hodler here... why I keep dropping in rank? If he's dumping?

The absolute FUD regarding this is just beyond cringeworthy. He's providing tons of liquidity to babby fish and whales who are accumulating.

>>14891922
sssshhhh youre not suppose to say that

just noticed he dumped again 11 hours ago lol
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

>>14891725
how do people like in the pic even exist

>>14891842
i think this anon has a valid point

>>14891855
I think he knows the gig will be up soon so why put any major effort into it. People are starting to ask the tough questions, this isn't the 2017 ICO madness anymore where people believe anything. Any altcoin needs to show real solid utilization. He'll cash out a bunch then let the project go sideways into eternity. If he shuts it down or exits he's gonna have people after him. It's much easier to just keep it on the back burner and if anybody asks "when?" the generic response will be "soon."

>>14891842
Obviously it means that institutions don't care about Chainlink right now

>>14891984
Real answer? The one dude that died had like autism/aspergers, so its maybe some combination of mental illness, online grooming by predators, and exposure to pornography.

>>14891966
Nothing seems to be happening with those tokens.

>>14892079
500k are already on Binance
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x1f9e26f1c050b5c018ab0e66fcae8e4394eb0165
->
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xc5d3b8f21b29d241e390be50b80754e251c39b98
->
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x2b263f27527f826b2816c349198aea974f9ef065

he needs a million dollars everyday to fund his lifestyle

>>14892024
>He'll cash out a bunch then let the project go sideways into eternity. If he shuts it down or exits he's gonna have people after him. It's much easier to just keep it on the back burner and if anybody asks "when?" the generic response will be "soon."
Holy fuck it's NXT Secure Asset Exchange ALL OVER AGAIN. I thought the Sergey exit-scamming meme was just a meme this time. He's literally been running this same script since 2014. We're all going to be financially annihilated in slow motion.

>>14892136
where is the part that shows that the links got sold?

>>14892345
500k went to binance, nothing more is visible onchain

>>14892369
so that means we actually have no idea if they are being sold.

>>14892399
Ok, so he's just transferring them to Binance for shits and grins.
> THIS IS BULLISH FOR LINK OMG!

>>14891638
thanks, just sold 700k

Lmao this fat Russian is literally dumping on you and you still haven’t sold?? He just keeps dumping without an explanation. How much of a cuck are you??

>>14891984
I didn't think they did I thought that was just a twink fantasy

>>14892418
They have a OTC feature you fucking retard

kek if you actually believe sergey is exit scamming i genuinely feel bad for you

to think, the most ANTI hype crypto project, the only project so far that has actually acted in a professional manner, mostly following real world business practices, is now exit scamming?

use your brains and realize this is so fucking bullish. who gives a fuck about short term price movements.

this is just sad FUD. at least the old FUD used to be funny.

>>14892436
Yes, they do. That Binance wallet is not used for OTC.

>>14892436
Ok then make a fucking blogpost about it.
> Dear Linkies, we have secured OTC investors in Link and will be transferring some of our link dev wallets to Binance OTC. We are very excited venture capital is getting involved in the project and thank you for your continued support.
Literally that's all it would take and link would be $10 RFN.
Even CZ is tweeting now when he moves around large amounts of coins between wallets so people don't panic.

>>14892440
You don’t need to sell 10m links just to hire couple devs

>>14892502
>just to hire couple devs
Good, now you're using your brain. Town Crier was just the first acquisition (which by the way, flew over most people's heads).

Now use your imagination a little bit more.

>>14892440
Sir Gay is most definitely going to exit scam you LINK board filling faggots and finally the entirety of /biz/ will be laughing at linkfags.

>>14892527
Ok tell me what other project they are trying to acquire? I will block you if you say accord because that is way bigger than link

>>14892534
That would be tasty but I don't think so.
People would hunt him down and governments would probably get involved somehow.
He's just gonna push the project sideways from here on out throwing little breadcrumbs out here and there to make people think the project is still active.

>>14892562
If you know, you know...

you had 2 years

>>14892566
>He's just gonna push the project sideways from here on out throwing little breadcrumbs out here and there to make people think the project is still active.
The exact things that LINKfags go nuts over. You are probably right about all that anyway though. Never trust a guy who's name has fucking GAY in it

>>14892576
That’s what I thought faggot. Keep getting cucked by never selling kek

>>14891855
Yeah if you look at someone like Elon Musk who speaks with fluency and eloquence you really start to doubt this project.

There is a rumor there is a legendary bicmac hidden in the blockchain and it takes millions to find it

>>14892590
>he doesn't know

>>14892590
keep staying poor lmao

you had 2 years
and now you're priced out of a suicide stack. sad!

>>14892626

>>14892638
I bought below .50 and sold most at 3.50 but ok. Pls never sell keep holding anon please

>>14892638
No him, but try again sweetie. Anyone with an IQ above 90 sold this shitcoin at $4.80 range.
>Every alt moved around 10%
>LINK pumped a teeny weenie 3%
kek
>NEVER SELLING

>>14892691
>>Every alt moved around 10%
>>LINK pumped a teeny weenie 3%

link is the best performing crypto of the last year. keep coping.

>>14892680
good job, no one cares about your stack of 500. ICO chads still haven't sold a single link.

>>14892691
>>Every alt moved around 10%

Try 1000% brainlet

> Could've sold at 4.80
> Could've sold at 4.00
> Could've sold at 3.50
> Could've sold at 3.00
You are here
> 2.00 should have sold at 3.00
> 1.50 should have sold at 2.00
> 1.00 should have sold at 1.50
> .50 should have sold at 1.00
> .25 should have sold at .50
> .10 should have sold at .25

>>14892741
Hope you buy some more of that 700k sergey is dumping lmao

>>14892789
Yup. Bought some more near the bottom around ~$2.20. Will keep buying until $5.

Never swing a link, always chase a dip.

>>14891638

serious question:
are these 11.2 million LINK tokens coming from the 350mn public token sale or the 300mn "continued development" wallet?

If from the latter, means LINK circulating supply should be adjusted. and since we are now including the dev wallet, total supply should be 650 mn tokens.

which means, either:
a) total Chainlink coinmarketcap = 2,68 USD * 650 => 1,7 bn USD, or
b) coinmarket cap = 0,94 bn USD => LINK/USD = 0,94 bn / 650 mn = 1,44 USD

which one will it be, marines?

>>14892898
It comes from outside the circulating supply.
Cmc trusts the team on definition of a circulating supply, which means they are not updating it deliberately to hide their dumps.

>>14892898
doesn't really matter, another short term distraction really

if you understand the tokenomics you wouldn't even ask this... *real* circulating supply will only shrink with adoption and growth.

>>14892741
>>>14892741
>F...fuck Y.you Swingie!
>I'M WINNING AND YOU'RE LOSING EVEN THO YOU SOLD BEFORE THE DUMP AND I HELD LIKE A RETARD

degenerate moon boys I swear

>>14891638
>Connects to a TIME node
>TIME node triggers a contract
>Links are sold automatically
Where the fuck did you think you invested your money, OP?
Smart Contracts you asshole!!!
It's the beginning of everything!
hold motherfucker

>>14892968
why would i bother swinging my ICO stack? the stress to profit ratio isn't even worth it.

only linklets need to swing because they missed out on accumulation. any oldfag has way more link than you redditors can ever hope to swing to.

>>14892932
>circulating supply will only shrink with adoption and growth.
So it won't shrink ever. Thanks for the info!

>>14893018
tell that to google, oracle, swift (just to name a few)

>>14891687
t. Someone who did not buy the ico

>>14893006
>ICO stack

You didn't even have to mention it, you moon boys are completely transparent. Price fluctuations are natural within any market, but you degenerates just want the price to soar to the high heavens like greedy fucks. Your greed is highly visible in your cult-like hatred of any stinky that dares improve his stack by selling before a dip and buying back in. You just want unaware newfags to hold bags during multi-month bear movements. Abhorrent.

>>14893070
kek so I'm the one who's greedy? who HODL's and can zoom out and look beyond weekly price fluctuations? who can see that link (and the rest of crypto) will only grow in the long term?

swinglinkers disgust me. i'm just glad people like you are dying out. there used to be way more swingers until 90% of them got BTFO by google pump.

>>14892789
>lmao

You poor desperate bastard

Someone reported them to the SEC
IT'S OVER

>>14891842
>OTC to investors

I'm trying to figure out those ''''investors'''' collecting 700k LINK each one, while every X minutes a new '''''''investor''''''' comes in

>>14893109
>who HODL's and can zoom out and look beyond weekly price fluctuations
Yes. Hodl is just a meme, at the end of the day, you're just in a permanent long position with no leverage. Your entire income is reliant on the price rising in action.

That being said, you don't need to be a PHD psychologist to see where your "disgust" comes from - greed. If I sell before an imminent dip, I'm personally threatening YOUR money that your fat lifeless fingers are holding on to, instead of taking a huge L to my portfolio.
>i'm just glad people like you are dying out.
Peak delusion. Traders, bots, and whales add all liquidity to crypto markets. You're just a pip-squeak bystander posting green/red wojaks depending on the market cycle

>>14893142
you think that is the first time someone reported them? jesus christ you are so fucking new

>>14893223
Sergey has been dumping non-stop. there will be so much more reports that they will have to take it seriously soon.

>>14892498
You dumbfucks who bought after ico and who aren't developers don't realize that you're nothing to the project. They only answer to people who contribute to its success.

>>14892440
>to think, the most ANTI hype crypto project, the only project so far that has actually acted in a professional manner, mostly following real world business practices, is now exit scamming?

AHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAH----breathes----AHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHHAHAHHAHHAH

>>14891855
>Sergey needs to put way more time into his speeches and presentations>
Maybe, just maybe, he puts most of his time and energy towards actually developing his company and making connections with billion dollar companies. He shouldn’t need to give a flying fuck about these literal who presentations where the crowd consists of enthusiasts and random ghetto bitches

>>14893212
Just know you were warned. If you continue to swing link you will get supremely JUST'd. More than 90% of people who swung link are in the red. Very few admit to it on here. Google pump absolutely obliterated them. The ones who did make money obviously post about it for now but they are a vocal minority.

Good luck trying to time one of the most volatile projects in one of the most volatile markets on earth.

>>14893281
Damn you must be really new as well if you didnt know that, anyway you can stay poor all you want, doesn't bother me, you'll end up in an updated compilation of pic related

>>14893284
>with billion dollar companies
So google, oracle, and swift isn't good enough? With more on the way? Which other crypto has had this much serious support at such an early stage from tech and banking giants?

>>14893330
I don’t follow. You seem to be agreeing with that I said

I’m all in LINK

Openlaw announcement in the next 4 days will btfo swingies again. Cap this.

>>14892981
Based

>>14893450
what announcement? they are already partners

>>14893595
>He hasn't been paying attention

>>14893450
>All swingies are bears

Where did this mouth breathing retarded fallacy come from?

>>14891638
who can answer what happened to the 7th largest wallet that transferred 100% (30.3M LINK) 10 days ago? Where did they go?

>>14893632
stay deluded

>>14893675
Bots. Devs are being cheeky and selling with them so they can't get sued

>>14891842

>>14891764
Oracle needs its oracles I guess.

>>14893142
Wtf g-guys

>>14891984

>>14893754
>Gais they're just sending the coins to Binance before they reach Oracle, Samsung, Microsoft
You're still holding I take it?

why do link fudders all write like 15 year olds?

>>14891725
The guy on the left died
Have some respect

>>14893887
>>14893887
we are just trolls.

i have been fudding link since 2017

i have a 12k stack

>>14892932
Tired of these buzzword textbook replies. Just fuck off already

>>14893595
I'll spoon feed you as its my daughter's birthday and I'm in a good mood.

>>14893744
Kek

>>14893887
Link holders ARE 15 year olds
https://www.youtube.com/watch?v=4hR4rDbJPM4&list=LLVi5ce0WI2bhnZidc5Mh8yQ&index=26&t=0s

>>14891638
i just need this shit to go up 2k sats back to break even so i can sell, think this is possible or am i fucked?

I think I'm what you'd call a shrewd investor. I've made a killing with this mentality when it comes to investing and doing my own research. If you think this perpetual dumping of link by the team is a sign of bullishness then I've got bad news for you guys. Let's just saying I've sold half of my 150k chainlink stack already. I plan to sell off the rest in the next few days. When a company mass sells their shares its a bad sign. No different in this situation. I wouldn't usually chime in like this, but I feel it's my moral duty to inform the plebs here so that they don't lose their life savings. Act accordingly!

>>14894676
Vitalik sold a 1/4 or his ETH at $15. Shut the fuck up

>>14891842
OTC would be less money than he’d get by just dumping. He doesn’t give a shit about making you rich in the short term. All that matters is the long term health of the company.

>>14891855
This has to be a joke right? Sell your $1500 stack and get out you pussy

>smart contracts need off chain data from apis
>data gets on to blockchain via middleware called oracles
>current oracles are centralized defeating the purpose of blockchain (trustless, immutable ledger, no single point of failure, etc.)
>chainlink proposes decentralized oracle network comprised of independent nodes
>contract exists on chain
>contract calls chainlink contract
>chainlink contract gives nodes on oracle network orders
> nodes query relevant apis from (not necessarily) disparate sources for data
>apis return data to nodes
>nodes aggregate data with algorithms that return accurate data despite potentially faulty nodes (aggregation algorithms and their proofs are technical, just go slow/be patient and look up relevant terms)
>aggregated data is returned to contracts on chain
>contract executes according to conditions satisfied by the returned data

>nodes build reputation by several reliability metrics
>node uptime and timliness in query reponse
>correct data reported
>number of contracts offered to node
>number of filled contracts
>number of correctly filled contracts
>average node response time
>penalty payments offered (nodes may or may not be required to stake LINK as collateral in case data they report is incorrect and causes faulty execution of a contract)

>LINK token is used both to pay node operators for successfully filling an on chain request and as collateral/penalty payment for serving up faulty/incorrect/fraudulent data to an on chain contract

>nodes can also operate on intel SGX "trusted hardware" that allows them to parse contract related data in a private environment or to perform calculations with that data in private (some users may not want certain calculations or transactions to appear on a public blockchain)

>>14895464
it's weird to think i've been haning out with the same 20 people anonymously for the past year, i love you guys

why does sergey need 15 million dollars to pay for 8 positions?

>>14893450
Another literal who nothing

>>14891687
I bought on ICO and I've been accumulating since then. I'm one of the top 20 wallets. I'm still accumulating so I welcome this dumping. I mean, the network isn't used yet so it's current price is only propped up by hype. let all the normies flee.

>>14891855
Great pasta

>>14895571
because they're also buying companies

bump