/biz/ - Business & Finance

>>14986664
YOU HAD ONE MONTH (1) TO SELL ABOVE $3 BEFORE THE DEVS

How is it secure if I'm being dumped on?

banana an obvious one

>>14986664
Eric Holder lied and Paul Walker died.

>>14986664

>>14986664

Nice source. Go be bored elsewhere

>>14986830
It doesn't seems far fetched that SEC would do this..

>>14986859
some anon sent a "tip" to the SEC a few weeks ago, coinbase is playing by the rules and suspending trading, SEC will probably give the green light and LINK will moon bc it's confirmed not to be an unregistered security

it's all so tiresome

>>14986703
fuck chainlink niggers and fuck incel discord trannys who believed in this shit lmfaofsdagasgsagasg

FAGGOTS AHAHAHAHAHA

>>14986889
>some anon sent a "tip" to the SEC a few weeks ago
If the thread about cancel-only mode is true (no coinbase account to confirm) that's the most likely story.

Honestly, link IS a security that passes (that's a bad thing) the howey test.

>>14986908

>>14987040
coinbase pro cancel only confirmed, but not postings on any of the coinbase social media yet

they're playing it safe, because brian armstrong can afford good enough lawyers to make sure he doesn't list total trash

>>14987067
by the way, is it true that Sergey only ever commited a single line of code on github?
(ignoring the rumors about the secret shadow repo)

So what's happens to my link in coinbase? What do I do?

>>14987093
sergey isnt a programmer, he's a visionary and memelord. people will quote him like they do Aristotle

>>14987068
well then it's simple to deduce what happened.
Link is 100% a security.

Howey test:
>In the context of blockchain tokens, the Howey test can be expressed as three independent elements.
>1. An investment of money.
obviously (all tokens)
>2. In a common enterprise.
yep (all tokens)
>3. With an expectation of profits predominantly from the efforts of others.
Here chainlink fails and eg. ether doesn't, because currently chainlink (the supposed decentralized network) 100% relies on a centralized kyc service performed by chainlink (the company). If chainlink stops doing kyc, everything completely collapses.
Boom, link is a security.

It only got listed on coinbase because chainlink lied to everyone about decentralization and how things actually work, but the sec isn't that stupid, they just didn't investigate before the tip.

yikes

>>14987141
>LINK lied to coinbase and coinbase believed them and coinbase had inadequate due diligence and the howey test!
kek

Coinbase doesn't scrutinize a coin before listing it? What about their 500 page long framework. I'm confused

>>14987141
this guy is correct. the link token is not a security, it is a commodity. linkpool shares are a security which is why they wont sell to US customers.

>>14987207
what if chainlink lied about being decentralized and they simply didn't know about the kyc + exams for running a node?

>>14987213
>he's correct
>it's not a security
am i dumb or did you make two contradictory statements

>>14987067
Why aren't you memelord faggots worshipping jl777? Because he's anonymous, has actually built something, and is not owned by anyone. Chainlink is a fucking psy op and hopefully many will learn from this experience.

>>14987252
he's incompetent, I remember him from the nxt days back in 2014.
He's an absolute work machine, but incompetent. In a way, that's much worse than a lazy smart guy.

>>14986664

>Muh stinkie linkies
>Muh sergey
>Muh $1000 eoy

Hahahahhahahahahhah

>>14987236
>multi-billion dollar cryptocurrency exchange with access to some of the most sophisticated legal minds in the most powerful nation on earth
>swindled by a russian with a big mac addiction
lel

>>14987284
you know what, if this cancel-only thing turns out to be a nothingburger, I'm going to write a tip to SEC explaining how link is a security. The previous anon just raved about devs dumping.

>>14986664

Duh, Sir Gay dumped his bags just in time...

...while you just got JUST'd

>>14987304
have fun writing your little essay while multi-billion dollar corporations continue to lobby to protect jason parser

>>14987271
Incompetence for a coder usually means the inability to create effective code. you should check out this site called github sometime.

>>14987141

KYC has nothing to do with an expectation of profits. The fuck are you talking about?

>>14987304
can you pls explain me what's candle only on coinbase? I looked at my app and it's nothing different

>>14987141

>acts like an SEC insider
>acts like a Coinbase insider

LARP

>>14987381
All I remember is that his network designs were extremely insecure, he didn't see obvious avenues of attack. That doesn't mean his C code has simple bugs.
>>14987386
It's about chainlink requires a centralized party to function, that's what the third point is about
>>14987438
howey test is public knowledge brainlet.

>>14987247
nope im dumb and missread him. his statements on the howey test are correct but for some reason he said its a security when he claims it failed the howey test. the KYC has nothing to do with if its a security or commodity. its if holding the token will generate you a profit because of someones effort; which it doesnt. you dont get dividens are returns on chainlink. the nodes IF you use them may give you a return, but thats no different than giving cash to a bank and expecting interest. cash is a commodity, link is a commodity, gold is a commodity, LP is more akin to a stock and is a security

>>14986664
The more did I see the more I buy. Chainlink is the future.

>>14987454

>It's about chainlink requires a centralized party to function, that's what the third point is about

You're cherrypicking here when you have to look at the statement as a whole. You're right that it's based on the efforts of others (aka Chainlink KYC), but never once has the team promised profits and if you read through their Chainlink token summary you will see that they expressively say you should not expect profits.

>>14987454

The project is not finished yet faggot. Reputation system, penalty stakes, neet nodes, they are all under way, just like written in the WP.

Stinky links gonna get jinkied. LINK is dead at this point. It will never be mainstream adapted.

>>14987524

Dude, dont listen to this LARP. Of course he is cherry picking. Besides misrepresenting obvious facts like that the project is not finished yet, decentralization will come. 2/10 FUD at most. Nice to scare off some dumb fag Redditors, nothing more.

>>14987526
>The project is not finished yet faggot.
the legal status only cares about the current state of things, "it's only going to be a security for a while, please allow it mr regulator" isn't going to work.
>>14987468
>when he claims it failed the howey test
I wrote that it passes the howey test.

>>14987141
Are you telling me an anon actually placed a complain and the sec gave a shit? kek

>>14987564
>the sec gave a shit
that I don't know.

What a bunch of fudding faggots

>>1498758

LAUGH MY FUCKING ASS OFF

>>14986908
Imagine stating "can only pay in LINK" as a downside when it's the entire point of value carrying on the network.

>>14987778

Deluded Redditor that bought at 4,57$

>>14987580

That complaint will make the SEC laugh a lot. It is exactly what they like to see a project do to not be considered a security.

>>14987804
if Link isn't actually a scam $1000 will be a bargain

>>14987845

>imagine still doubting Link is a scam

>>14987468

Exactly.

>>14987930
I'm not sure, to be honest.
If it's a scam why are big corporations partnering with them?

>>14987986

If LINK is a scam, every other project besides BTC is a scam.

>>14986676
Chainlink only spend 2 weeks above $3 you idiot.

>>14987141
>Here chainlink fails and eg. ether doesn't, because currently chainlink (the supposed decentralized network) 100% relies on a centralized kyc service performed by chainlink (the company). If chainlink stops doing kyc, everything completely collapses.
This is the type of shit you write when your iq is the same as your age.
Or you're trying way too hard to fud.

>>14986664
>suspect

Wait I'm confused. Is anything actually happening? Can someone please cut the trolling and just be straight up? Is anything taking place at this current moment in time regarding chainlink and coinbase? If they are delisted I will actually kms.

>>14988870
No matter what is happening, you are not going to make it with that perspective