/biz/ - Business & Finance

>>17069264
I know this is pasta but Chainlink is unironically a glowing MK ULTRA derivative project targetting ADHD schizos on the intrrnet

>>17069264

>470k
You already made it. Why do you have to continue fudding? Some people come across link who have ZERO link and read about 4chan and all the fud pushes them away.

You are taking this opportunity away from individuals by fudding. You should feel ashamed of yourself and the entire link community should look down on such behavior.

>100 link holder

People new to /biz/: Yes, Chainlink seems like a promising project. Yes, it seems like the team is full of geniuses. Loads of partnerships. The world is going to run on LINK! Right?
Before you buy, let me tell you a story.
I was visiting San Francisco to see one of my friends. We went to a strip club, and while I was there I saw Sergey, surrounded by women. He was throwing tons of money at them, but not just bills. It was stacks upon stacks of $10,000, sealed up with white paper bands like he had just come straight from a bank.
I went up to him and congratulated him on the success of Chainlink as of late (this was about a month ago), and he started laughing. He took a hefty swig from a bottle of Dom Perignon and said, "Yeah? You think I care, stinky?"
Confused, I asked what he meant, and said that he had obviously put a lot of work into LINK and he should be proud.
"Fundamentally, I don't give two fucks about Chainlink, kid."
He was about to say something else but one of the strippers tapped him on the shoulder. Sergey pulled out from his pocket the biggest ziplock bag full of cocaine I've ever seen in my life. It looked like one of those gallon bags, almost bulging at the seams. The stripper ran off into a back room with it.
He then pulled out a Zippo lighter.
"You wanna know what I think about Chainlink?"
He snapped his fingers and a stripper handed him a bottle of Hennessy. He then pulled about 20 stacks of bills from a duffel bag, threw them on the floor, poured cognac all over them. He flicked his Zippo and dropped it onto the pile. Almost instantly the whole stack caught.
I stared at him, speechless.
"It's called a 'PUMP and DUMP,' kid."
He laughed as he watched the pile burn before losing interest and going into a back room with his entourage of strippers following carrying duffel bags full of what I assume was money and coke.
This is the man you are supporting by buying LINK.

>>17069358
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.

>>17069358
If I ever make it I really should compile these into a book, track Sergey down, and have him read it. That would actually bring some magic to my drab sad life

Im a devops engineer and sometimes speak with senior engineers of big4 consulting companies. This week I have showed Chainlink and the oracle problem to an engineer.

From his perspective do not see any real value for decentralization because main problem of the SmartContracts there are the sources and this is manipulable still.

For example, if an insure company must pay for a flood in home, there is no point in having Chainlink decentralized if you do not know if that flood is real.

We have also talked about how to sell data between companies and personally believe that this is already resolved with companies like Mulesoft. Which by the way has bought Salesforce last year.

And we enter slightly in SmartContracts applied to derivatives. In their opinion, financial derivatives prefer closed and audited solutions, not leaving control to third parties. Something similar to Facebook with Libra.

>>17069425
if you were here in October you'd know that edging is a cornerstone of the SmartContract.com company. There is no hype, only energy spent towards working on the product. In fact edging was what Sergey focused on for his Philosophy degree. This explains why partnerships are being kept secret and the suddenness of the inevitable singularity. When the singularity happens, be sure to open the Citizen app if you live in the SF bay area and look for an incident titled "office building flooded with semen" as Sergey et al will no longer be able to contain themselves. Sergey will blow the biggest load though as he's expressed a greater propensity of a hard on for decentralization. In fact in his interviews the first word Sergey says to candidates is "decentralization." No sentences or words around it. He looks intensely at their crotch, and if the candidate doesn't get wet or hard in 30 seconds the candidate is rejected.
With this information the reasoning is clear: a significant partnership has been secured, and the smartcontract team has been vigorously doing laundry or buying new underwear. This isn't sustainable however because the massive volume of pre cum will ruin the dry cleaning machines. It's only a matter of time until the laundromats find out whats going on. Hence it is a race against ejaculation, and a rigorous mental battle to keep their enthusiasm in check.

>>17069425
Low IQ. Future of smart contracts aren't for giant companies to getbticherz it's for the little guys to run giant companies out of business, doing things cheaper and faster