/biz/ - Business & Finance

>>15328668
This. 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. 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

>it's a $.02 stablecoin
>it's a $.05 stablecoin
>it's a $.1 stablecoin
>it's a $.25 stablecoin
>it's a $.5 stablecoin
>it's a $1 stablecoin
>it's a $1.5 stablecoin
>it's a $2 stablecoin
>it's a $2.6 stablecoin

>>15328708
it was never a stablecoin at any of those points, it has been acting like one lately though and it should be concerning to anyone who isnt just a mindless follower of e-culture.

>>15328765
Especially since the first three, 2 cents 5 cents and 10 cents... have never happened. It's never gone below ico price which was 11 cents.

>>15328708
Read the fucking White paper you mongoloid

>>15328832
2 man team,
2 dollar stable coin,
I can't believe these newfags didn't read the whitepaper

>>15328668
>Never selling
>wooohooo 1000EOY
>stable coin
all that spam is indicating one thing, big dumb tomorrow. screencap this

How fucking long do you think big investors are going to tolerate this for? They invest in LINK hoping for gains only to find out the Dev team themselves are crushing the value of LINK consistently and preventing them from making gains. This fall from $2.55 to $2.37 should tell you something, people aren't going to tolerate this for much longer.

>>15328832
Lmao

>>15328668
>why would you want stable money?
ahh you must be from argentina

>>15328917
you're a big dumb today

>>15328832
I think editing the whitepaper is my favorite LINK fud.

>>15328832
It's supposed to be a digital equivalent of a "thank you cup of coffee".

Daily reminder that:
>1 LINK = 1 transaction.
>The tokens are supposed to be redistributed to be exchanged for a cup of coffee.
>Price has to be low to be competitive with other solution on the market (CoCo, Bletchley).
>More Chainlink can be "printed" at any time to stabilize the price and ensure viability of the technology.
/biz/ is trading literal casino tokens and is shocked that casino doesn't want the price of each token to increase, kek.

>>15329786
18 decimals

>>15329882
Inherent part of each token.
Tokenomics are super clear in the whitepaper. 1 LINK = 1 cup of coffee = 1 completed transaction. Nothing else, no "decimals", no voodoo magic. It's a simple project.

>>15328668
Cause it already made me 250k

>>15328678
this but unironically most of /biz has no idea since this board is now filled with a plebbit faggots. Now link is shilled by every pajeet taxi driver

>>15329902
show me where it says that in the white paper

>>15329937
>imagine replying to pasta

>>15329937
Are you really responding to pasta?

>>15329786
Lol example of someone who didn’t do his own research. Go browse the link website, and you will see how much they have completed. A much more useful platform even as of now, than most other websites for coins.

>>15329062

You are answering your own question. The devs do not want this to be seen as a speculative investment. They want the price to rise to meet the need of collateralized staked LINK, responding to supply and demand as nodes lock up LINK to secure the value of huge contracts, which is where the value of the token should be coming from anyway. Not from speculative hype. They're selling because it serves both their interest to secure funding as well as to keep this token from dying the death of a million pump and dump ICOs. The public has learned from 2017. Something that does backflips in price overnight is not a good investment.

>>15329062
>people aren't going to tolerate this for much longer.
Retail doesn’t count for shit
Don’t like it? Sell
Their main goal is institutional adoption, which is exactly why this is happening

>>15330062
>They want the price to rise to meet the need of collateralized staked LINK, responding to supply and demand as nodes lock up LINK to secure the value of huge contracts, which is where the value of the token should be coming from anyway. Not from speculative hype.
Precisely and beautifully articulated
Here’s a bonus video for that wonderful explication:
https://youtu.be/kH_tUpcCbrg

Dont fud if people know how to read the whitepaper

>>15329157
Rekt

>>15328678

>>15328668
The team has enough tokens to literally dump 700k per week for 20 years, or 1 million per day for 2 years.

Chainlink is NEVER mooning. The devs have made it clear $2-3 is their selling point and it's not going above that until they've each cashed out $100mil, which will not happen in the next 10 years.

If you're holding LINK at this point, you're a paid jeet larping or a retard.

>>15328765
NEWLINKER SPOTTED

A YEAR AGO THE MEME WAS “chainlink is a 50 cent stable coin”

SOMEONE POST THE CYCLE OF A LINK NPC MEME.

NULINKERS KYS YOU CANCER FUCKS

>>15330037
that is complete bullshit. KYCed oracles have existed since about month 2 of Ethereum launch. It's nothing new. They've literally accomplished nothing but fake partnerships.

>>15329062
Pretty simple really. 4 legs to this.
System...check
Nodes... In process..
API Access... In process
Commercial Customers... In process

Those 700k are being put to good use on the in process statuses. Patience Marines.

>>15330775
Users: 0.... check
Decentralized Oracles: none... check
Fake partnerships: 100.... check
65% supply dumped daily... check

What do you mean patience? Sergey has enough tokens to dump 700k a week FOR 20 YEARS. See you in 20 years.

>>15330826
You should sell, not gonna make it.

>>15330659
warosu image server still works lol

>>15330062
You are retarded. The devs won't allow it to pass $2.60 and investors will begin to sell because there's absolutely no communication going on about this and it's costing investors their time and money.

>>15330775
Like Sergey said singularity will happen the night one company saves a shitload of money using link. It will spread like wow

And that's not anytime soon