/biz/ - Business & Finance

>>18827207
suicide stack?

>>18827207
when moon sir? price prediction eoy and eoy 2021

>>18827207
wen staek

>>18827207
When make it with 10K

>>18827207
are community ambassadors paid?

>>18827218
Something like 1000 link
There are lots of old anons around here who still lurk who have 6 figure stacks from the ico and etherdelta days. Despite the fact that they say "never selling" over and over they will definitely sell a small portion of their stacks when the entirety of the network is revealed. To that end there will be a bit of sell pressure when link really gets going, but not as much as with other coins that don't offer future passive gains via allowing node staking.

>>18827221
I'd refer you to the anon who made the get rich slowly post and posted 90% CIs
Pretty accurate so far but I'd actually be a little more bullish in the short term (next 18 months).

>>18827207
how do BLS signatures work, what exactly is the multiword coordinator contract for, what is VRF for?

>>18827207
What do you know of the internal pivotal tracker?

>>18827207
can we expect returns off stak8ng similar to eth 2.0 plans and others such as tezos
do you know what form of proof of stake they are using

>>18827277
checked

>>18827227
Staking has been discussed both on the development and on the network necessity side- I would argue that given the team behind CL, the development side will be (maybe already is...) ahead of the network necessity side.

Think about it from the team's perspective: they don't need staked nodes right now as everyone is KYCd and has exactly zero reason to not want the network to function flawlessly. When staked nodes offer more network value than they subtract through increased attack surface, they will go live.

>>18827260
Depends on how much you mean by making it. If you mean 1mm USD I'd guess sometime in 2021 or 2022.

>>18827275
No idea

May 7th is my birthday and I was really stoked for the memetic energy of it coinciding with the conference. Any hope that I may still get some good news around that time?

>>18827207
Is $1000 a meme

>>18827283
They're a signer authentication tool based off ECC so they have a light footprint data wise
The multiword coordinator contract has been rumored to be a part of staking, though it could just be a form of the coordinator contract that is launched initially to save "gas" costs (through this my not be relevant by the time it launches)
The VRF has been rumored to be for gaming applications of smart contracts in that it allows oracles to provide provably fair randomization, however other anons have noted that extreme security applications (like those hinted at in the threads that got immediately deleted when they mentioned national security contractors) could also require verifiable random numbers to use constantly changing one-time-pads for secure communication. This would make sense, but to me right now is one of the most speculative breadcrumbs. That said, arbitrum was dropped by an anon months before it launched and it was a single post talking about "this is a thing that cucks eth out of gas fees" so it sounded highly speculative too and was in fact true.

>>18827289
I am not a team member and don't have access to it, so can't help you there

>>18827298
You're not understanding staking. Staking serves to punish nodes for providing bad outputs or non-response. It's not like staking for other networks in that the vast majority of value from the network is high quality data and API access which can be done independent of staking.

Hello OP, are you in a discord or other group where you discuss link more in debt than is done on biz? Not that I want you to invite me but curious

>>18827207
What do you think about Framework Venture willing to sell their stack (4th biggest wallet) at their target price 25$?
>https://medium.com/@framework_v/https-medium-com-signal-capital-our-investment-in-chainlink-15ab90ee9c02

>>18827338
Total guess: The CL team has always been zero hype. Then one day they announced the first in world smart contracts summit with 500 attendees before the eventbrite even started offering tickets. Maybe it was just a social gathering, but we have openlaw saying they're debuting their code-to-legalese plugin for word in a "Couple of weeks" which just so happens to coordinate with what would have been the SCS.

That said, the team genuinely only cares about delivering high quality product. It wouldn't surprise me if they announced nothing on May 7 and went silent until some random day in June and announced an open beta for the whole suite. That's why all the fud idiots love to pretend to have swung successfully. They've all already been burned because CL doesn't care about the hype cycle.

>>18827334
>>18827260

Do you realistically believe LINK could exceed $100 per token? Another 10k-er here.

In the beginning, I ignored 1keoy memes and had my sights set on $150-200. But there more I think about the vast use cases of smart contracts and the [potentially vast] amount of collateral locked in the network, the more I think 1k is actually possible in 10 years time. Wat u think?

>>18827479
For this year, almost certainly a meme
But this is crypto and crazy shit happens in crypto, especially when bear cycles end (and to be fair, the current bear cycle is now over and was unnaturally prolonged by coronavirus...which would make the next cycle perhaps a bit more violent)

For the next 10 years I'd say it's a certainty if the project simply keeps alive and going at its current rate

G Suite smart contract functions when?

>>18827584
Absofuckingloutely not
Fuck discord and fuck anyone in one

>>18827631
I would think that they're a group that will act just like every other group in these situations: they'll have time and price dependent exits to ensure they get the best price and don't tank their own market.

You won't even notice when they start trickling in their sells

>>18827687
I think that the valuation will have effectively three phases:
first speculation (now) where nobody knows
second some idea of node earnings and customer cost savings plus speculation
third true saturated network value in that an investment in CL will be because your company is smart contract dependent and you need to know a fixed execution cost for the first 5 years

I could see it maybe getting to a whole network value of 1tn at the peak of the second cycle
The internet is supposedly worth 24tn
Chainlink has a good chance at being the internet of value, so total network value in 20 years could go very high.

>>18827207
Since stakeholders must pay in LINK, is there a seamless way for them to do this without buying on exchanges? Are there plans to make the exchange of LINK essentially invisible to the user?

Or does this already exist and I'm just blind?

>>18827730
Docusign has been pimping their dynamic documents at the same time openlaw are launching a word plugin that works through chainlink

And google reportedly wanted to be the first big tech out the gate to say "we work with CL" so it would seem like not far away
Esp with oracle nipping at their heels Q3/4...

Have a bump kind shepherd.

>>18827207
Yawn

No one cares. Shill ur 3pd bullshit muh oracles elsewhere

>>18827207
I’m looking to integrate 5 projects that use Chainlink into one website. What is the best way to go about this?

>>18827277
the "get rich slowly" post? Do you have an archive link?

Do you see amateur NEET node being ever possible?

What do you think will happen to the 65% LINK in Sergeys holding?

>>18827851
Look at how exchanges have treated link: CB launched a fiat pair for them and binance had more pairs for CL than the project deserved by volume/MC

Chainlink is promising not only an other asset for exchanges but a steady order flow for them.
Remember why access to swift APIs is such an insane advantage for the network:
- Most smart contracts will execute between legal business entities and for the most part must execute in fiat using banks
and
- Having this access allows for bulk payment for smart contracts- if you can simply link your account and pay $3 per contract execution you're never going to see the purchase order that the network puts up on binance/coinbase/gemini or the link payment being split between the nodes that deliver the triggers, the nodes that verify the contract has been triggered and the fees for exchange/bank API access.

>>18827275
No. But the networking and reputation that you will get from being a solid community ambassador is more valuable anyway. Being that you had to ask this, you probably wouldn't be a good community ambassador.

>>18827873
Thanks anon
>>18827878
OK
>>18827898
Reach out to their emails or in slack. The team is really high quality people who are very helpful
Just realize that you're competing with much more important projects so you need to be patient
>>18827913
>>/biz/thread/S9339054

>>18827855
Checked.

>>18827796
>fuck anyone in one
There's actually a lot of value for node operators in the official one desu

>>18827916
*AHEM*
80 (EIGHTY) PERCENT (%: PER STINK CUCCK)

Every fucking chainlink is full of these gay beta parrot faggots.

>>18827207
'Sup, Serg? Nice to see you dropping some dank breadcrumbs ITT; would you please be kind enough to answer this question: [redacted]?

>>18827916
Yes, once the network needs it

The part allocated to network development will go towards paying for things that aren't immediately profitable but are needed for network growth like price reference networks etc.
This will also likely give a lot of the API sellers "try us free" money eg bank payments, google AI derivates etc.
For the other part I would guess there is some for the team, some for the original backers like the banks etc.

How much of your portfolio is in link?

If link is as much of a game changer as it sounds then you must be all in, right?

I trust your opinion because you are the most knowledgeable person I've seen talk about link, normally I would not be interested in an anons portfolio

Chainlink pushers should be indicted

>>18828039
Not what i meant
For project use discord is fine
For circlejkerking about how awesome your last biz post was they're cancer

>>18828049
>>18828063
Shoo Shoo

>>18828068
Not serg, though I wish him the best

>>18828068
You think we don’t realize all of you “chainlink holders” are maybe 1-3 of you faggots with multiple VPNS/ proxies ? How stupid do you think /biz/ is you god damn kikes?

is it too late for a poorfag to buy in?

>>18827207
When will they stop dumping?

>>18828005
What is slack?

>>18828169
beta messaging application for leftist cucks that will perpetually remain in the 'start-up' zone. businesses actively using slack are forever stuck in entrepreneur culture and will die paying their mortgage.

>>18828085
Of crypto portfolio it was 30% when I bought but now it's ~85% because of its insane performance during the bear market
>>18828099
Totally off topic but this is one instance where I have some sympathy for the devil- there appears to be a female type that does this kind of shit despite being decently smart and attractive.
I've known a few that were like this- one girl i'll never forget from college was in the best sorority at my school, was the head of some important student group and ended up having sex with at least 50% of the guys in my house. She had absolutely no problem doing whatever on camera. Once you are in the right circles these kinds of girls kind of just exist and it's shocking. I guess if they're doing what they want so be it but i pity any guy who ever tries to have a relationship with someone like that.

>>18827207
Thanks for the nice thread OP. There's not many of us still here making quality linkposts but it's always nice to see that some of us are still holding strong.
>>18827796
It's hard to deny this place has changed though. I love anonymous discussions more than anything, but this place, in general, is a shadow of it's part self. Where has the consistent, quality conversation gone if not private group chats?

>>18828005
Thanks for the link, Anon. Thoughts on using SGX-enabled nodes to mass produce one-time pads?

>>18827207
what makes link viable over any other project especially things programmed and created by big money institutions in house with their $300,000/yr salaried coders

>>18827338
mine too! hbd anon

>>18828162
You can do the math.... they're not even halfway

>>18828111
This is incorrect
That said I do believe that there are far fewer long term biz posters than one would originally think

>>18828131
Take what you think the total network value add is, then subtract the current market cap. Divide that by 10 or 20. That's your expected market cap growth annually for CL. If you think that's an appropriate ROI for buying now, do it. If not, dont.

>>18828162
Probably once passive income from banks selling API access becomes enough to fund truly ludicrous salaries for the entire core team plus 10-20 more hires

>>18828169
>>18828203
Another work group messaging program aimed at devs

>>18827207
Can you describe what the "Post and call" function is that was mentioned in the 'get rich slowly' thread (>>/biz/thread/S9339054
)? Thanks

>>18828273
Why is there main address still a for lease office in the Cayman Islands?

>>18827207
When do you think link will be in $150-200?

>>18828235
Its possible and there was speculation however I'd guess that using the software only would be preferable as it reduces a possible attack surface...and the team appear to maybe think that same way with ari's research

>>18828219
There are a ton of us still here every time something big actually happens. Those threads are gold watching smart anons dissect the move and see how it fits in the picture in minutes.
Yes, it has changed but it's part of the 4chan cycle. Right now the middle is gone and there's oldfags who post less but post better and an army of shit. After biz gets more traffic from the market cycle reversing there will be fresh recruits from which to make more oldfags.

I did think about this a while abck and the only way I could see to not make the mistakes of every other namefag forum would be to have a verifiable high bar to entry password-protected anonymous forum. That way you could iterate ideas with the power of an anon forum but wouldn't have to sift through a thousand paid shills.

It would be even better if the memebrs were worldwide and had to commit to some degree of posting (eg once a week averaged quarterly) to stay active. The biggest problem with high quality posters is they post infrequently.

>>18828244
That's what link is. You realize this project is effectively owned by the legacy banking collective, right?

>>18828418
Dude, take a few minutes to read the thread (>>18827334). It's worth your time.

How will they check if a node provided wrong data and is obliged to pay out their stake? Simple deviation from the mean?

If that is the case, couldn't you set up a fake data query and collude with two unknown nodes secretly selected by you to defraud an honest third node out of its stake?

1. Chainlink is going to be a part of protocols that are going to be used by many companies. I know of Hyperledger, Baseline, and the Chinese blockchain project BSN. Are there more of those protocols that I am forgetting/not aware of?

2. Could you tell me more about the connection with Digital Asset/Blythe Masters, or do you think this is a dead end?

>>18827207
All I need to know is will it dump again before the singularity?

Im not buying 3.85 link again if I can get them for 1.85 again a month from now.

>>18827207
WHEN DID U REALIZE CHAINLINK IS A SCAM?

>>18828485
same

>>18827207
>I am the most knowledgable /biztard/ on this board on LINK
What is the date of birth of Ari Juels and Sergey Nazarov. Can not find authenticated answers with sources

>>18828485
>>18828518

Of course and there is a big chance you will be able to buy cheaper than now. And you know what, in the next dip you might think the same, why buy at 1.85 when tomorrow I can buy at 1.80 or even 1.50. And maybe you will be right.

All I know is that one day the price won't come down again and I know I will literally kill myself if I see the rocket leaving and I know I sold my golden ticket out of greed.

Thx for the bread anon

T block 478

>>18828570
I always think of that anon who sold his ETH, poor fella

>>18828599
those posts are literally nightmare material and I'm pretty sure it is one of the worst feelings in the world

>>18828485
This. And What will halving BTC do in the short term to CL

>>18828444
>That way you could iterate ideas with the power of an anon forum but wouldn't have to sift through a thousand paid shills.
freetofindtruth.com
>>18825994
>>18826052
>>18826146

Posting in a high quality thread. Hats off to OP for being based AF. been holding 16k link since 2017 and i never post here anymore because the threads are trash. Still come here everyday for some reason. Refreshing to see a thread like this.

>>18827207
ID2020? Can you narrow down CL's involvement and potential price influence?

When will SWIFT pull the trigger and unlock the CL network to its banking system?

How often you masturbate?

Will TESLA have anything to do with Cl? If so, how?

Best of luck to you and thx.

>>18828213
All women are whores.

>>18827277
Checked!

>>18828334
I think that was referring to the ERC 677 standard
>>18828342
Because the legal status of proportional ownership in a decentralized network was not clear at the launch of the project?
>>18828418
Your guess is as good as mine- next few years maybe if everything continues at the same pace
>>18828458
This was discussed ad nauseum back in 2018 but the punchline is that early staking/slashing will be for obvious stuff like node nonresponse or faulty arbitrum execution
The better answer is that evolving into use case specific rules for what constitutes truth. In some cases something like how LIBOR works would be fine, in others it would have to be based on some deviation from accepted gold standards with significant redundancy
>>18828467
These are all contract execution layers- I think the big thought jump will end up that lots of these are interchangeable and, if they have transparent ledgers, they are interchangeable through an oracle network that can verify an action on one chain and take one on another.

I think this also bodes poorly for the value of any one execution chain when compared to the one monopoly oracle network.

Re: DA I know there are connections between the team and DA, however I think what everyone thinks is the most likely path is probably right: let defi take the early risks and make sure the framework for these kinds of derivates are rock solid before very slowly starting to migrate the big boy contracts onto it. Of note this required defi stuff to be bulletproof and also legacy systems integrations to be live, tested and proven.
>>18828485
Literally the only thing the team ever gives is real project progress. That means that predicting price is basically random guessing.
>>18828492
Haven't got there
>>18828543
Don't know except that they're both old enough to be trusted with this kind of power
>>18828570
This is the risk
>>18828593
A real oldfag- your hands must be indestructible
>>18828630
This seems like insane people

Price by end of june?
Price by end of year?
Damn shame corona shut down everything. May would have been great.

>>18828444
>That's what link is. You realize this project is effectively owned by the legacy banking collective, right?
no i did not realize or know that. i dont know much about link but everything i see posted by biztards shows its some weird cringey anime loving russia named sergei who makes it

Good thread.

2017 ED

>>18828871
But then why do they share these addresses with shady companies?

>>18828623
Halvings have previously led into bull markets
That said as more and more link volume is on USD pairs I'd guess the price influence of BTC will continue to wane.
The scary thing is that Sergey et al could just come out one day and be honest about the project and their plans for the next 2 years and 20x the price.
>>18828633
Glad to have you here, keep posting for future bizlets
>>18828647
The ID2020 thing is one of the parts that i think is overblown. I think people will have a recoverable digital ID just like how they sign with docusign now. Past that I think it's a lot of hype.
SWIFT currently allows SC's between banks per Thomas. I would guess that after a long internal testing period we'll see some early tech companies let use the network for more testing and then opening.
Whenever i want to have sex and my wife isn't around/im traveling
Tesla I don't know. There was the bonilla connection and there are use cases but I don't think we'll see smartcontract linked cars for years.
Best of luck to you too.
>>18828681
This is true in the same way that all people are murderers. There isn't a human being who wouldn't kill given certain circumstances.
The thing you're referring to is that the average woman is closer to a whore than she used to be. This is a result of culture. If you aren't personally shifting the overton window you have no ground to complain about this.

>>18827207
>In honor of the May 7th date of smartcontractsummit (RIP)
Mfw I was actually planning on going with a few friends.

>>18828932
Sergey is the reason I work out. I have this fantasy where we start talking at a LINK conference after party. We exchange a few pleasantries. He asks what I do. I say I love his flannel and he laughs. I get my drink.
"Well, see ya," I say and walk away. I've got his attention now. How many guys voluntarily leave a conversation with Sergey? He touches his neck as he watches me leave.
Later, as the night's dragged on and the coterie of gorgeous narcissists grows increasingly loose, he finds me on the balcony, my bowtie undone, eating a Big Mac.
"Gonna pass that?" he asks.
"What's in it for me?" I say as I pass the cardboard McDonald's Big Mac™ box over to him. He smiles.
"Conversation with me, duh."
I laugh.
"What's so funny?" He protests.
"Nothing, nothing... It's just... don't you grow tired of the memes?"
"You get used to it," he says, taking a long, pensive glance at the Big Mac before he bites in.
He exhales deeply as he chews before passing it back.
"What would you do if you weren't creating a smart contract empire?" I ask.
"Teaching, I think."
"And if I was your student, what would I be learning?"
"Philosophy," he says quickly, looking into my eyes, before changing the subject. "Where are you from?"
"Mexico" I say.
"Oh wow. That's lovely."
"It's OK," I admit. "Not everything is to my liking."
"What could possibly be not to your liking in Mexico?" he inquires.
"I don't like sand," I tell him. "It's coarse and rough and irritating and it gets everywhere."

>>18828956
It's office space. Anyone can get an address there. I have a hard time believing anyone doesn't understand this.

>>18828920
I have no idea. It depends entirely on how much the team and partners reveal and I have no insider info on what/when that might be.
>>18828932
You must be new. I guess then its not your fault
To give you context, early on there was so much effort that went into digging all this up that the board effectively crowdsourced a research document over several threads. Most of that from years ago has proven true. See here:
https://imgur.com/a/szBYE1f

>>18828954
Good to have you here oldfag
>>18828956
Overseas business addresses provide legal protection
Shady businesses along with legit ones, new ones and startups all want that

>>18827207
OP as an educated guess, do you think my 1700 LINK stacklet could result in something like $130.000 by 2022?

>>18827207

What do you think is the best evidence for:
A) when staking will come out, and how it will be implemented?
B) SWIFT partnership (beside old demo, and recent 'we let our partners announce' answer he gave to toast (also shout out to our autist girl toast we love you)

>>18829022
Why does Nick Szabo not support Chainlink being the god protocol he wrote about in his essay?

>>18827553
so staking is a meme?

>>18827207
Could you tell us more about Swift’s future with Corda? Do you know if they plan to transition to Hyperleger or Ethereum in the near future?

>>18828981
I was too
>>18828986
OK
>>18828992
This
>>18829030
I'd guess there's less than a 20% chance of that happening, but crypto is as volatile as markets come
Push it out to 2024 and I think you've got a decent shot
>>18829057
A- when the network needs it. No idea when that is
B- they have a public statement that they work together...if you mean when can you write a smartcontract using open zeppelin and have it trigger a swift payment I'd guess later this year for closed test partners and opening up in waves from there.

1k EOY will happen end of year 2020.
>Screencap this

>>18827207
Thanks for being a fren.

>>18827207
outside of chainlink any other projects you're looking at?

>>18829068
A spammy failed DAG network shill got told to fuck off. I love CL and I'd respond the same way
>>18829072
Not a meme, but people keep thinking that's the main value of the network to neets and i disagree. I think that network usage is more important than anything, regardless of whether nodes are staked or not.
>>18829111
I have no insider information but seeing what they've said re: gpi link and corda I'd think they're basically the in-house permissioned execution layer for banks at this point.

>>18829118
>I'd guess there's less than a 20% chance of that happening, but crypto is as volatile as markets come

but to the 10k stack guy said 1 million by 2021 or 2022. That's a $100 price for 10k stack to be worth 1 million and that would give a 1700 stack a $170.000 value. So how can you guess in one post that LINK will be worth $100 by 2021 or 2022, but in the other past you say there is less than a 20% chance of that happening?

>>18829122
Fine by me
>>18829142
>>18829142
Thanks for hanging out
>>18829164
I look at a ton of projects every month. I don't have any new gems and I'm not "accumulating" anything.
I hold the usual crypto stuff like ETH and XMR

>>18829203
I misread- I thought he was asking about EOY.
I think by 2022 it's a decent 50/50 guess and by 2024 significantly more than 2024

>>18829204
since you are being kind to anons here you should check these out
>edg
>ava
>hns

also what is your expected return from staking pools like lp, and what is your general opinion on linkpool

>inb4 horses

>>18829030
Hey anon- I gave you a bad answer- see the post above this one.
For 2022 I think you're looking closer to 50%
for under 20% I was referring to EOY

>>18829258
>>18829270
no problem. cheers

>>18829204
Can you explain what Sergey's actual association with NXT was? I know he's claimed to only run SAE on NXT but he has blatantly shilled NXT multiple times right before they exit scammed.

>>18829265
Thanks for this anon, reminds me of biz in better times

Linkpool is a hard one for me, if it ends up that you have exclusive API access to something that has huge launch volume it's a great buy
If it's just that they'll run a neet/arbitrum node for you once that gets launched I think it's overvalued
But honestly I don't know and because of that and the maybe illegal nature of it for burgers I dont have any

2018 marine who used to research this shit all day long and shared a shitload of breadcrumbs just popping by to say hello to the old friends, i still browse mostly just lurk and shitpost in off topic threads

>>18829341
Honestly dont know about any of the inner workings of his NXT time, the only thing I can guess is that he's been looking for a platform that enables smartcontracts/trustless contracts and went through a couple of iterations before realizing that in order for it to be truly useful it had to be a decentralized network
>>18829379
Thanks for stopping by

>>18829351
Do you think smartcontract.com being registered 1 week before the original bitcoin whitepaper is fairly good evidence of satoshi influence/collaberation maybe even backing of chainlink?

>>18829351
How will chainlink deal with fluctuactions in the colleteral value (specifically in the case of fiat denominated smart contracts), due to fluctuations in LINK price?

>>18829443
What do you think a fucking ORACLE is for anon?

>>18829351
thanks for your opinion fren, i wish good frens and happiness will cross your path

>>18829118

Thx anon. Outstanding thread btw.

> Right now the middle is gone and there's oldfags who post less but post better and an army of shit. After biz gets more traffic from the market cycle reversing there will be fresh recruits from which to make more oldfags.

Well said.

I'm an oldfag by link standards now (DCA'd 2017-2018 starting after the SIBOS 2017 dump) but started as an absolute newfag chasing the bubble. My humble contribution to the board has been making and updating the link/mcap charts for the past 2 years. It's a simple/wrong model but has kicked off a lot of useful discussion. Usually get called a faggot (kek) but some anons have told me they find it really helpful. So, what I'm saying is I respect you taking time and effort to post non-trash.

>>18829468
He means that for example if you put link up as collateral for a 1 million contract and suddenly link drops 50% in price, what will happen?

>>18829414
This is one of the wildest ones out there
I honestly think that true true unrelated is the most logical explanation in that serg was on a trustless quest around the same time a lot of smart coders were thinking of trustless money
But the overlaps are spooky. Though I don't think sergey is satoshi it would not surprise me in the least if he was or was part of the group.
>>18829443
Likely how all non fiat collateral is handled: allow certain spot percentages at the time of contract launch or allow for adjustment of assets as needed in a dynamic nature per the contract. Or in the highet value most important cases require a price derivative of the link token to be present as a hedge against price motion that would render the contract game theory non-optimal
>>18829468
Ari?
>>18829475
Best wishes to you too, we're all gonna make it

>>18829468
Kek

>>18829526
Check out link total return swap

>>18828633
Remember you never leave, also nice digits

>>18828444
>Probably once passive income from banks selling API access becomes enough to fund truly ludicrous salaries for the entire core team plus 10-20 more hires

>That's what link is. You realize this project is effectively owned by the legacy banking collective, right?

yeah owned by collective but has to dump tokens to pay people

you’re delusional linktard no surprise here

>>18827207
how can a project have so many partnership, and even basketball player endorsing it, but no one actively using it?

why the team keep selling 500-700k every few week (last one a few days ago)? they even sold when link was so low!!!!
why are they trying to hide these sales by send it through multiple wallet that end up sending it to binance in small quantities(6~7 k at a time)?

last year during the 700k fiasco the team claim the money would be used to hire to new team member but they never did end up hiring anyone?

why should i trust a team that keep selling its token at low prices, don't they know that link going be worth much more? , this doesn't imply trust in their own product?

if oracle and microsoft partnership didn't push link higher than 5$, what will?

why would an erc20 token(dependant on etherieum) be worth more than the chain that it's run on ?, what happen if the eth network got attacked or halted like during the crypto kitties?

how can i be sure that this won't end up like OMG/REQ/XRP/XLM... a project that had many partnership but ended up worth nothing except making it's founder a billionaire?


thanks for your answer.

Quality thread. Thanks OP.

>>18829501
Thanks for doing this, seriously
This is one of the biggest places where I disagree with biz: the ethos of biz is that something gets beat to hell and if it survives biz thinks it has value
This makes sense in established markets with strong competitors, but lots of time the best strategy is to do something novel that is just better than nothing. Ironically that's how a lot of the richest people on earth get that way.
>>18829526
See above, the anon who posted the ari pic was making a joke- finance people understand derivatives inside and out and one of the most obvious use cases for an oracle network is trustless automation of derivatives.
The thing that solves your problem is a derivative, which means asking a team steeped in legacy finance how they're going to fix that problem is like asking a master mechanic how its possible to change the oil in a car.

>>18828570
>in the next dip you might think the same, why buy at 1.85 when tomorrow I can buy at 1.80 or even 1.50. And maybe you will be right.
Everytime I think this I always regret it because it pumps.

>>18829501
Thank you for the chart fren, really put things into perspective. My estimation is that BTC will go to 100-300k the next bullrun cycle.
Really don't know how much BTC dominance will go though

>>18829649
>>18829680
reddit spacing

>>18829589
This
>>18829622
This also.
You're here forever
>>18829649
If you're a startup you spend your startup funds before you're product is profitable
This is about the least controversial thing on earth
>>18829680
- There are millions of dollars currently secured by CL price reference oracles
- The team selling tokens is part of the declared use of the project- see above response
- Have you watched how the team has expanded? they have some of the best talent on earth all under one roof and most importantly they have almost no dead weight. That's about as good as you can do
- It implies they have people working for them full time, which they do
- You and I know about oracle, msft and all the other stuff, but maybe 10000 people on earth know all of that. This is why we invest in things: because we realize value earlier than others
- You're asking the logical equivalent of "how can amazon be worth more than an ISP?"
- You can't be certain about anything in crypto, you can only look at how the team have handled themselves to this point, which has been world class

>>18827207
Do you think the price is being suppressed?

What's your favorite chainlink meme?

>>18829695
Hey glad youre here
>>18829736
Thing that's craziest is we've never really seen link in anything other than a bear market. During the ruby to go recode there was nothing public facing so they effectively missed 2017
With a real ecosystem and solid project it's going to be a fun one during the next time crypto is flush
>>18829739
Ironically the crypto I'm least confident about is BTC. If the major buy pressure for BTC was in fact the many billions of dollars that now drive the darknet drugs markets and that slowly goes away from chain analysis, I could see BTC being flat during the next bull market. If that happens it's in bad shape because the moment BTC loses the #1 MC spot it doesn't have any technical superiority to fall back on
The flip side is if some country starts to say we prefer BTC as a reserve currency because we know the emission and entire ledger, it could go even higher than 1mm per coin eventually.
Wish I knew

>>18828005
>>>/biz/thread/S9339054
EOY2018 1.5 (0.5-8)
EOY2019 3.5 (1-45)
EOY2020 15 (5-700)
EOY2024 1500 (75-45000)

These price predictions aren't even that accurate. So what's anons point? Just keep stacking and don't swing trade?

>>18829802
Since I can buy tokens on an exchange and put them in my cold wallet, I don't think there is "suppression" per se. If there were exchanges that were putting up orders for tokens they don't hold I'd buy it.

My fav is not really a meme but a post where an anon was saying if cl was just the price oracle for derivatives, it would be a great buy or if it was just the openlaw compliant oracle it would be a great buy etc etc but it's all those things.
I feel the same way

>>18827207
I am a poorfag who just bought 2k link to hold.

Realistically at what point (priceperli k)would you consider selling if you were holding 2k-2.5k link?

Also can I get an archive link forthis thread?

>>18827207
Also what are your thought on Hex? Scam? Longterm? Going anywhere?

>>18829791
>The team selling tokens is part of the declared use of the project- see above response
still doesn't explain them hiding it(through multiple wallet until it en up sending 6~7k each to binance)
> It implies they have people working for them full time, which they do
the size of the team doesn't justify the sales of 2.5 milliom usd every two weeks
>Have you watched how the team has expanded
last year i was here during the 700k fiasco and the 2 specific position that they claimed it's the raison of the sale are still empty until now, they never hired anyone
>they have some of the best talent on earth all under one roof
one look at the team and you know this is an exaggeration, none of the team has that big or impressive conexion
>didn't microsoft make a big annoucement of it, anyway aren't the big investor and institution the ones that matter in the case of LINK, aren't those guys always ahead.

a few more question if you may:
1-why people are exciting about china (let's say a country not loved by many in the world) is using LINk, isn't working with the communist regime a bad marketing for LINk especially with all the thing going with china recently?
2-the whole thing with the address and tax evasion doesn't make it look good for link especially in a not regulated crypto market?
3-why would institution buy from exchange when they could buy directly from the reserved token at a discount?and what stoping institution from exploiting this to dump on the market?

>>18829947
This anon was decently close having made those predictions in mid 2018 before anything was known about price reference oracles, arbitrum etc.
These guesses appear reasonable to me even now, which is pretty damn impressive for a never-before-valuated asset in an emerging market
>>18829979
I'd decide exit points based on time and price now and stick to them in the future
Make a commitment to yourself to not touch 1k of your link until 2025 at the earliest
That will be easy if the price is under 20 and really quite hard if it's over 2000

Learn to use warosu.org
Finding gems among the shit is how you stay ahead

>>18828273
>That said I do believe that there are far fewer long term biz posters than one would originally think

>>18828444
Checked
>I did think about this a while abck and the only way I could see to not make the mistakes of every other namefag forum would be to have a verifiable high bar to entry password-protected anonymous forum. That way you could iterate ideas with the power of an anon forum but wouldn't have to sift through a thousand paid shills.

Nah, the cream still rises to the top. The beauty of /biz/ is the low barrier to entry. People are still recognizable, even without identification.
You, for example, assuming I'm right ... I've screenshotted a couple of your more memorable ideas over the last couple years, in fact I've seen other people posting my screenshots so I know they float around this community.

My point is, good ideas persist. Pointless fud and shilling die. Those of us who are here to talk about these projects are able to sift through the chaff and still have meaningful conversation.

Great thread today, Anon. I appreciate you.

Is Link working with Swift. Will they ever announce their relationship?

>>18829700
>which means asking a team steeped in legacy finance how they're going to fix that problem is like asking a master mechanic how its possible to change the oil in a car.

Kek. Sept 2017 ED holder here, newfaggot since '07. Newlinkers should listen to this guy, stop asking him questions about price, and DYOR.

To contribute more to this thread, everyone should read and absorb Sergey's network launch strategy from this post: https://yuki.la/biz/14514053

>>18829501
When/if you update this perhaps consider the potential flippening of BTC by ETH. Props to you for creating something thought provoking.

>>18830005
I may get flack for this but there are three hard reasons I don't invest:
- The major focus of the project is making money rather than solving a problem or adding value
- The actual valuation metric doesn't appear to make sense to me (even though I could just be too dumb to get it)
- The people behind the project are not ones I consider trustworthy or ethical

Hex for me had all three. But I could definitely be wrong.
>>18830065
- It does if there is a reason to distribute funds to people who are owed them and then execute sales based on those person's wishes
- It does if the valuation of the project is a billion dollars and the team has x burn rate and y runway. If you have this data please share it, otherwise your argument has no merit
- Which positions are you referring to? Do you honestly believe the team hasn't added talent since then? Have you followed the git/pivotal?
- You've clearly never run a startup. The people you want are worlds experts in things that can't be otherwise bought with young ages and solid work ethics. Steve sergey and ari are the definition of this.
- China is the second largest economy in the world. Regardless of what you think of their politics from a business perspective you'd have to be retarded to ignore China
- The address has been discussed above, there is zero evidence of tax evasion from anyone
- Have you contacted the team to try to buy OTC at a discounted rate? If you have please provide proof. Otherwise you're flat out making things up at this point.

>>18829700
Would your advice to a wage slave newfag be to just accumulate as much as I can afford linkies, only started in march. I don't want to be a wage slave forever.
I'm a tradesman and calculate 8-10 years left in my body. Thanks.

>>18830065
>still doesn't explain them hiding it(through multiple wallet until it en up sending 6~7k each to binance)
what makes you think its not partners they are selling to? and do you think every binance wallet is actually labeled on etherscan?

>>18830069
enjoyed the thread op, good job. but i think its time to get back to shitpoast'n

2017 perma lurker here, I want to thank you guys from 17/18/19 /biz/ threads -- the real ones.
Thank you OP for being a kind shepherd, I wanted to do what you're doing but I'm not qualified enough and might mislead new anons.
To those that bought, you should hold onto your investment for as long as you can, do not sell them before the value is fairly reflected by the price. Value investing is the way to go, but most do not have the patience nor foresight to wait for their investments to bear fruit.
Applying value investing strategies in crypto may sound crazy, if we do not have a way to measure the value. In traditional stock market investing, there are Balance Sheet/Free Cash Flow/Net Value/Earnings Yield/Discount Cash Flow Analysis for us to look for the undervalued gems. What do we use to gauge the crypto currencies/tokens that we want to invest in? How do we look for value?
Remember, all those indicators/terms does not even exist in the beginning when stock markets first existed. (So, I am sure there are ways to fairly estimate the cryptos/tokens but isn't invented yet.)
That left us with Peter Lynch's scuttlebutt approach, an investor's intuition, and this eternally echoeing chamber of debates to help us find the real deals.
Back and forth, millions of FUD and information on Chainlink has been made and it is now clear through "Idea Darwinism" that Chainlink is our best chance. Do not sell your legacy for pottage, do not swing and lose your stack.

TL;DR : Chainlink is the One.

>>18829341
>>18829403
>he's been looking for a platform that enables smartcontracts/trustless contracts and went through a couple of iterations before realizing that in order for it to be truly useful it had to be a decentralized network

This is true. Also true is that he was an NXT ICO investor and had to shut down SAE due to US regulatory pressure (operating an unlicensed exchange).

From that point on he has been extra careful to not violate securities laws. Ever wonder why all those "I reported Sergey to the SEC!" FUD threads never resulted in anything?

>>18830182
Since anon asked about HEX I'm going to ask you about another /biz/coin: RSR. Shitcoin or is there potential there?

>>18830130
They had a relationship before day 1. Partnership is for faggots, I honestly don't know why Chainlink has taken this path over the last 2 years. Bloomberg has data from NYSE but you don't see them boasting a partnership. This polygamy meme usually comes from scam projects like Tron.
I miss the early days of stealth mode from the team and reading breadcrumbs on /biz/.

>>18830108
Appreciate you too, glad you're still here
>>18830130
Have you checked the site? or any of the press releases?
>>18830147
Good to have you here oldfag
>>18830181
That's an interesting point too, would hope some anon who understands eth better than me posts a thread re what that might look like markets wise

>>18827207
Excellent post. Thanks for answering my questions.

>>18830198
Honestly sounds like you've already got it figured out
Which puts you miles ahead of your peers- Understand every dollar you make selling your body for labor is time and person you can't get back
Rather than spending that on a trendy apartment or rims, make every purchase (unless you have a family to support) be an investment. When you buy a house buy a shitty one in a good neighborhood and fix it up as best you can. When you have free time go meet people in the startup community and offer to do menial shit for them like writing posts or delivering product/materials for options. Put about 75% of your savings in boomer tier index funds etc and 25% in moonshots like link
Worst case you can retire early on a frugal life in 5-10 years before your body is completely broken, best case sergey takes you to lamboland this month

>>18830199
Do what you want, just know why you're doing it

>>18830201
Glad you're here too

>>18830238
Do you have actual knowledge that SEC has approved what CL is doing?
If so, please share

>>18830240
This one I'm really not sure of either. Looks like a bunch of smart people think it has value but the core product is contained within a functional smart contract and oracle network. I'd think that having a dynamic market of various baskets of assets that met investors needs would be one thing which would grow out of CL, and that would wreck what RSR was doing, but i could totally be wrong.

>>18830243
Fair, but until the curtain is lifted and contracts start triggering bank payments there is still risk

>>18830199
>what makes you think its not partners they are selling to
they have been transferring 500-700k periodically for a while (last one 2 days ago)
if you follow the transfer you will end up in binance pic related
>you think every binance wallet is actually labeled on etherscan
i suppose most are, don't see how's this relevant, the one they send clearlly end up in binance

Based thread. Fuck discord. Thanks anon.

>>18830431
No, but the SAE shutdown reason was confirmed to me by the plaid man himself. It was heavily implied that they are in full cooperation with regulators (as you can see yourself publicly by their tenured legal counsel hires)

To my knowledge, the SEC hasn't given "approval" to any crypto projects, they just go after the most egregious offenders and set precedent through bellweather cases to discourage future fraud. They occasionally also make offhand comments like they did with Ethereum, which sets less-binding precedent but LINK obviously falls under: https://www.reuters.com/article/us-cryptocurrencies-ether/u-s-sec-official-says-ether-not-a-security-price-surges-idUSKBN1JA30Q

>>18830199
Clearly labeled. Follow the path of the addresses.

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db

Good price to buy?
Right now I'm thinking the next time we drop below 3 dollars.

>>18827988
I have no interest in being one. Just curious if people like clg were paid or not. He makes money off his set anyways (which is good, im proud of him).

>>18827207
500 link is enough

>>18829925
I beg to differ. I used to be somewhat of an ETH maximalist and traded with gwei, but each day gone by I'm more convinced of the uniqueness of BTC. I don't think it's ever going away at this point.
One can think of crypto as having a money side and tech side. The money side of BTC is so strong that most people who've heard of crypto know Bitcoin, but really not a lot of people have heard of Ethereum to be honest. The buy pressure is unironically coming from instiutions and high networth individuals.
Maybe it's more profitable to invest in ETH or LINK. And we may witness a flippening but remember when XRP flipped ETH? The fundamental didn't change.

That being said I'm 90% LINK, 5% ETH, 4% BTC, 1% wild shitcoin adventure

https://youtu.be/62BxdvzNmJA

>>18830182
>t does if there is a reason to distribute funds to people who are owed them and then execute sales based on those person's wishes
source?(If you have this data please share it, otherwise your argument has no merit)
>Do you honestly believe the team hasn't added talent since then? Have you followed the git/pivotal?
well if they did, the clearly haven't bothered updating their website, you know the public facing part of Link
>Which positions are you referring to?
they made pic related when they sold 2.8 million token last year but they didn't update theri team list since
>The people you want are worlds experts in things that can't be otherwise bought with young ages and solid work ethics.
a lot of them are young, and my assessment is based on their linkedin, they didn't work with well known fortune 500 companies
>there is zero evidence of tax evasion from anyone
well if there's evidence, Sergey would be in jail wouldn't he ?, that's literally what tax evasion all about.
i just can't see a raison for the caymen island a place known world wide for it's tax relaxed law?
>Have you contacted the team to try to buy OTC at a discounted rate? If you have please provide proof. Otherwise you're flat out making things up at this point.
well if ther's no institutional buyers, what the team will do with the 50+% of the supply that they have .

one last question:
why the top 100 wallet hold 90% of all the supply?and what happen to link if they decided to sell?

>>18830201
>Value investing is the way to go
Thanks for the affirmation.
So many people here are looking for easy money, a quick pump. Unfortunately that strategy relies on a lot of luck and timing.
I'm with you - make decisions based on actual value that the project should/could create, and hopefully that will reap rewards in the future.
Is it guaranteed? Certainly not. But I think I've got a better chance being patient and "smart" rather than chasing the latest pump or timing the meme lines on TA charts.

>>18830577
>>18830065
>Not using Binance and other exchanges as cheap LINK mixers to hide your transactions.
>NGMI

I can't confirm, but I'm fairly confident they sold some quantity of link to OTC firms to secure additional funding back in 2019. Not sure how much, not sure if they're still selling, and not sure if the OTC firms are still market making with those funds. What I do know is that Sergey now has enough runway to last for at least the next 10 years. Check his wallets:
>>/biz/thread/S16001562
>https://etherscan.io/address/0xc5a8859c44ac8aa2169afacf45b87c08593bec10
>https://etherscan.io/address/0x5195427ca88df768c298721da791b93ad11eca65

>>18830431
>Do you have actual knowledge that SEC has approved what CL is doing
I think you know as well as I do that, circumstantially, SEC approval is guaranteed.
Imagine the SEC taking down the most credible, "insider approved" project in crypto, the keystone project that facilitates all of the revolutionary next generation banking and business processes.
There is simply no way that the SEC would scupper Chainlink and risk somewhere like China getting the first shot at a decentralised oracle network.
Chainlink is too valuable and fundamental to the powers that be for it to be undermined.

>>18830700
>I can't confirm, but I'm fairly confident they sold some quantity of link to OTC firms to secure additional funding back in 2019.
true they sold more than 2.8 million in the matter of days pic related
the problem is they never added those team members

>>18830431
>I'd think that having a dynamic market of various baskets of assets that met investors needs would be one thing which would grow out of CL, and that would wreck what RSR was doing, but i could totally be wrong.

Given the fairly early connections to Chainlink made by the RSR team, it seems to me that they want to be precisely that product growing out of the network. One of the things about being a network is that not all of the products which emerge from Chainlink will necessarily be driven by Chainlink. For example, Vitalik certainly did not intend or design for a significant chunk of ETH's bandwidth to be consumed by a cat-themed gacha, but here we are.

>>18830577
>>18830476
ive followed the path on them and yes you do eventually end up at a binance address, doesnt mean some before that arnt binance nonclaimed hot wallet addresses OR that its people buying directly from the team and getting them to binance. they have no obligation to announce every time they make a sale

the team selling part of their 30% holdings isnt a bad thing. it will never pump aslong as someone holds so much. the fact that theyre doing it and the market is absorbing it along with increasing in value should be an indicator. i doubt link will go above $10 until they start unloading that 350m wallet and get their personal holdings lower

>>18830680
>i just can't see a raison for the caymen island a place known world wide for it's tax relaxed law?
Am oldfag, not ICO but near it so I have my biases. I will say though, my work is cannabis related, and the only industry I see attacked by the banks like us is crypto. There is reason to shield yourself from it, and I’m sure sergey has been aware of it since he’s been around so long.

>>18827207
What can realistically go wrong with CL?
How the covid-19 will affect CL?

>>18830700
>https://etherscan.io/address/0x5195427ca88df768c298721da791b93ad11eca65#tokentxns
if this indeed Sergey address he's been cashing out a lot (10s millions) in the last few days, also notice he never use usdt.

>>18830550
Glad you're here
>>18830574
Interesting, thanks for sharing anon
Anything else you have to add is appreciated
>>18830610
See what I said above about price. Feel free to do what you want but understand that price is largely dependent on people over whom you have no control and no reliable inside information
>>18830631
Is that a question or statement?
>>18830637
You could be right
The part of investing I'm worst at is the emotional/sentiment side
I generally just buy value I can see and wait for people to catch up
Maybe BTC has that value I don't see
>>18830680
- You asked for a plausible reason for the actions. I provided one
- I get the feeling you're just a swinger out of the money concern trolling. You know as well as I do that https://chain.link/team/ has blown up
- What mission critical positions do you believe they are lacking?
- Are you aware of what Ari Juels' job is? Or who Tom Gonser is? Or who Ed Felten is? Or who Steve is?
- We've explained this to you, it's a smart business move for an asset without legal precedent
- Read my above posts about how the network will be incentivized with a portion and the other portion is likely owned by those groups who funded the project to start
- The top wallets own 90% of the supply because there are so fewer investors compared to something like eth or btc. Link is still in the pre-smart money phase. If all of the top 100 wallets decided to sell at the same time that would be indicative of a major issue with the project and would rightly crash the price, same for any other decentralized asset
>>18830700
Would be interested if you could share what you know about the teams cash holdings or the OTC sale, if you could share

>>18830755
>nonclaimed hot wallet addresses
bianance doesn't do this \, in fact they consolidate they wallet more often
>its people buying directly from the team
so if you want to buy 5k link, you can buy it from the team ? because that's how small the transaction are.
tell me how many person do you think buy from non exchange.

let's suppose it's true if people are buying directly from sergey why are they sending it to binance, they could bought of binnace at the first place.
lastly they did this last year and said it's for hiring new team members, the exact same pattern p>>18830749

>tfw only 700 linklet despite being aware of LINK since 2018

It's over

>>18830866

>>18830720
That is a reasonable chain of thought, however not a guarantee
I tend to think along the same lines
>>18830753
That seems fair
The major issue is that the RSR protocol is then one basket competing with potentially an infinite number more
Or worse, a dynamically adjusted basket driven by a ML/GOOG node...
>>18830813
For what can kill it now I'm honestly down to unknown unknowns. If sergey gets rung up on child molestation charges or some insane eth vulnerability transfers all tokens to a single wallet things could crash. The last big concern I had was that CL was going to cryptokitties ETH on launch, then Ed Felten held me close and told me everything was going to be alright with arbitrum

fuck i miss this so much. i don't think i would go back to 2017 and have to wait and go through all the stress of holding and learning about the project again but this makes me yearn for those days. reading a thread like this and knowing a golden opportunity is sitting in front of you and you grabbed ahold of it. now all there was to do was wait, better feeling than sex desu

>>18830431
Thankyou very much for a based kind response, I have a feeling of hope now. Sending good energy your way OP. Godspeed and good luck changing the world when you mega make it.

>>18830866
Like I said, I can't confirm anything regarding the 700k sales. Everything I mentioned is speculation, though I will say that during the 700k dumps, some of them went through to non-exchange wallets that were also holding large positions of other erc-20s with frequent transactions which made me think they were OTC funds. I can't be assed to look them up now but I'm sure someone else probably can check the 0xdad destinations.

Disclaimer: Knowing the above, I still have full confidence in the project and in no way think their radio-silence is anything other than abject professionalism.

>>18830963
You realize you own more link than 99.999% of the world, right?
>>18830964
Don't follow this one
>>18831009
It truly was worth the pain
I remember waking up and reading 100 post threads of anons digging through the git and pulling out tyler tech connections and the polkadot stuff
was like Christmas for adults
>>18831010
Glad to have you here too, all the best

>>18831047
Gotcha, interesting perspective
Thanks for sharing

>>18830866
>You know as well as I do that https://chain.link/team/ has blown up
i can only see 18 team member, 7 of them are advisor(not full time team member )
does 18 people justify 2.8 million dollar every 2 week
>Ed Felten
not on team list
>tom gonser
only an advisor and doesn't seem very involved, in fact the only advisor involved is eri (we all know how are advisor in crypto worls)
>Steve
this guy was an assistant teacher in 2010 and only worked 3 year in programming in some lab before chianlink, his bio isn't as impressive as you make it seem
>Link is still in the pre-smart money phase
so IBM,microsoft,oracle,china government, and million other partnership is pre smart money, hell link is probably one of the most popular erc20 on twitter, are you telling me all that pre smart money. that what is smart money, all it left is Apple and facebook of the known tech company

>>18831047
https://www.binance.com/en/blog/294786426278453248/Crypto-OTC-Services-Now-Available-on-Binance

>>18831162
It seems like english isn't your native tongue. What country are you from and from where do you get your information?
I ask because it appears to be consistently wrong. If someone is paying you to post this then good for you, I hope you're able to feed your family.
If not I'd suggest you read the above links about what the project really is.

>>18827277


It's obvious you're not an OG LINK holder since you said only 1,000 LINK is a suicide stack.

Old School LINK holders know a suicide stack has always been and always will be 10,000 LINK.

>>18831218
he’s right desu. you’re just circling around his critical questions

>>18831218
>It seems like english isn't your native tongue
that is true, which not an argument
feel free to correct me,
>i can only see 18 team member, 7 of them are advisor(not full time team member )
does 18 people justify 2.8 million dollar every 2 week
>ed felten
check yourself if he's listed, count them, count the number of advisor
https://chain.link/team/
>steve
info directly from his linkedin https://www.linkedin.com/in/steveellis0606

>>Link is still in the pre-smart money phase
so IBM,microsoft,oracle,china government, and million other partnership is pre smart money, hell link is probably one of the most popular erc20 on twitter, are you telling me all that pre smart money. that what is smart money, all it left is Apple and facebook of the known tech company
could you answer this please.

resorting to english second language argument doesn't make your argument valid

>>18831235
I disagree
And there are old threads where anons circle jerked for days about 1000 being a suicide stack and 10000 to make it
Though those terms are completely arbitrary
>>18831261
I've answered all of his questions and he's being intentionally ignorant at this point
Just like you

>>18831235
>reddit gulch
go the fuck back, right this instant

>>18831261
>>Link is still in the pre-smart money phase
so IBM,microsoft,oracle,china government, and million other partnership is pre smart money, hell link is probably one of the most popular erc20 on twitter, are you telling me all that pre smart money. that what is smart money, all it left is Apple and facebook of the known tech company
op just couldn't answer this one just why he resorted to attacking my language

also he claimed that ed fellen is a team member and even linked chainlink team list which he is not.

>>18831261
They're not "critical questions". Chainlink's token sales represent a tiny proportion of their total holdings. Their tokens were always earmarked as being up for sale for network development. They didn't sell a single token for the first two years of development, until they had a huge amount of work done already, and absolute credibility.
For a project the scale and ambition of Chainlink to be selling a few % of their total holdings for project development is not a controversy. It's not even fud. It's a completely expected part of a project reaching milestones and growing.
As the other anon pointed out, the teams token sales have corresponded with an uptrend in price, most likely the strongest consistent price action of any crypto over the last two years. I find it very hard to believe that people who are nitpicking about these sales are doing so out of sincere concern.

>>18831308
pls answer this one>>18831296


i won't even reply to you anymore, don't worry, i will even ignore that you're listing team member that doesn't exist>>18831362 pic related

>>18831296
your non english sources are feeding you bad information. let me correct you
- For a startup worth a billion those are entirely reasonable amounts to ensure a long runway after increasing in valuation
- Ed felten transferred the entire value of his network, arbitrum, to chainlink. The only value asset is chainlink. How much would you guess the project had to pay him to take his network and fold it under their umbrella?
- Steve was a core ETH dev and made an entirely new token standard for the chainlink project. That is as high end as they get.
- How many addresses hold link?
How many addresses hold ETH?
How many addresses hold BTC?
Now understand that ETH and BTC are early stage investments without well documented valuation metrics

Your not speaking English increases the pretest probability that you're paid to post this nonsense by orders of magnitude. It's therefore an incredibly relevant topic.

>>18831235
The debate as old as time.
Obviously we never reached a consensus.
If you think it was 10k suicide stack, what do you think a 'suicide stack' means? How many link in a 'make it' stack?

I recall 1k suicide stack, 10k make it stack. I'm not an ICO OG, but I've been watching Link threads since late 2017 or early 2018.

>>18831362
he clearly can not justify huge token sells even though i believe these sales is bullish in long term because apparently market can absorb it like a candy and we will see huge gains once this dumping stops.

>>18830963
Lucky. I’m a 360 Linklet faggot

>>18831387
I did reply, and now I've refuted literally every one of your points
You've refuted literally none of mine
I'm not sure what else there is for you to say outside of grasping at straws

Anybody else smell that distinct cigarette/curry/shit stink that our brothers in the east carry?

>>18831419
This is one of the best threads i have read in a while.
Rivals some of the best 42 threads.

>>18831385
i’m quite bullish on dumping because;
-market can absorb it without landscape in price
-circulating supply is increasing slowly which is better than bigger dumps and possible huge drops on the price
-once they stop selling, we will see good price action

however ops saying the teams selling tokens to fund hiring new employees clearly not the case. they selling millions of worth token every weekend yet we don’t see enough new talent grow on the team to justify millions of dollars

>>18829443
>>18829552

Re: link price fluctuations, one thing to check out is the link total return swap contract (??) that was the winner, or 2nd place at least, of one of the hackathons. I can’t find it or remember the details but I believe it was specifically aimed at creating a mechanism that dealt with proce fluctuations to preserve the value of stakes collateral. Might be misremembering though...

Nah here we go. They got ‘most innovative’

https://www.google.com/amp/s/blog.chain.link/winners-of-the-chainlink-virtual-hackathon/amp/

https://medium.com/secure-data-links/hackathon-link-total-return-swap-24d7a33a105d

>>18827277
>duck in ID
>checked
>gmi

>>18831471
The reality is that nobody knows what the money is being put towards, so it comes down to a more basic question:
Do you believe that Chainlink are trying to honestly deliver the world-changing critical technology that they are aiming towards?
If yes, then them selling a small proportion of tokens for something (probably network development) is fine.
If no, then you wouldn't invest in the first place.

>>18831204
>>18831119

Yeah, I think this is a likely candidate, though the link team has gone on record as saying they don't cooperate directly with exchanges for listings. If you can confirm that it was specifically Binance's OTC they sold to I'd love to see the onchain proof.

Also if any other LINK OGs here want to share breadcrumbs and stay in touch in the future after our insane journey, hit me up at linkythrowaway@protonmail.com. I'll keep this forwarded to my main mail so I'll still respond years from now, I'd just rather set this up today than not at all. Trust me, it'll be tough to find other people with shared experiences similar to ours in the future. Discord trannies plz go.

And remember kids, never share your stack size, never dox yourself, and never swing a link.

>>18827207
Explain why the Exact Lambo Sergey put in his dad's name after the NXT token exit scam he did showed up with a chainlink wrap on it.

>>18831536
Lol it's the same fucking model of lambo.

Imagine thinking lambo anon was real.

>>18831436
I honestly can't tell
If he is actually genuine i don't want to shit on him too hard
>>18831451
Glad you're here
>>18831471
You know they have had large purchases that don't involve personnel, don't you?
>>18831497
This
>>18831503
Its a stretch but I'll take it
>>18831509
This too
>>18831522
Will send you an email tomorrow
>>18831536
Not sure I buy this

>>18831235
>>18831392
For the longest time the consensus has been 1k suicide stack, 10k make it stack. There were times when people are having fun and assigned different values to it.
Ultimately it's just a benchmark, how much money do you need to make it? What's the consensus on that? If I had 10k but sold 1k am I not able to make it, forever?

>>18827298
Expect nothing pic related

>>18831626
>If I had 10k but sold 1k am I not able to make it, forever?
If you can’t make it with 10mil there’s something wrong with you

>>18831389
>Steve was a core ETH dev
it isn't on his CV (pic related), you sure know about the guy more than he know about himself https://www.linkedin.com/in/steveellis0606
>Ed felten transferred the entire value of his network, arbitrum, to chainlink
you said he is a team member(>>18830866), there is difference between being a team member and just selling your company to chainlink
>For a startup worth a billion those are entirely reasonable amounts to ensure a long runway after increasing in valuation
>long runway after increasing in valuation
>increasing in valuation
so it's better to sell now before link price go higher.really smart of them.

> How many addresses hold link?
>How many addresses hold ETH?
>How many addresses hold BTC?
>Now understand that ETH and BTC are >early stage investments without well documented valuation metrics
BTC/ETH aren't even partner ibm,microsoft,china,oracle....... so you're saying that smart money and pre-smart money is determined by the nember of wallets?
and if it is how can the nember of wallet increase if the top 100 wallet hold 90% of the supply?

>>18827207
I welcome your serious bread.
However; many more knowledgeable than you are lurking.
Good info so far. Thanks for baking it.

>>18831595
>>18831436
fell free to shit on me after you continue spreading lies>>18831670

for the rest of you take what op say with a grain of salt he have been spreading misinformation for a while now >>18831670

>>18831308

trust me, you're wrong on this one. In 2017, a LINK suicide stack was 10,000. This is coming from someone who bought in on the ICO and etherdelta

>>18831873
Do you think that Chainlink are making a sincere attempt at delivering the project that they are working on?

Ah yes another poser thinking he's got any insight on this pandora's box of a scam. Your info is as useless as the token. No one takes this project seriously.

>Muh breadcrumb larps for a $3 token

>>18827207
what’s it going to take for this coin to moon, and why choose this one over something else

>>18831638
OP please btfo this fucking arrogant faggot who posts daily link fud/KSM shill threads.
Awesome thread OP

>>18831915
>Unironically, LINK.

>>18831915
>DetectiveOldfag
>Unironically the best buy signal out there.

Thanks just bought 100k!

What do you think is the most bullish development in past few months? And how big do you think bsn thing will be?

>>18831897
>>18831897
we simply do not have any info to make any assumption, there simply been many suspicious activity going on lately (kardashian boy endorsing link, many partnership announcement with 0 merit,700k transfers with no info from the team...).

We know from experience (Xrp, OMG,REq.Xml..) that many project that had many connexion(central bank for xrp, ETH integration for OMG, Paypal or some other payment processor for req...) ended up being vaporware, all you can do is weigh the risk and take the necessary precaution(not all in link for example)

>>18831942
op turned up to be an ignorant Larp and got BTFO so hard >>18831670

>>18828111
It’s blatantly obvious on this thread considering the timing of my threads and the stir up. They even have the same tone in their text and questions to themselves ahahahaha jeez LINK really is a fucking 4chan scam and it’s even hard for me to accept after believing for so long. Glad I jumped ship months ago.
Like look at this vvvvv obvious samefag
>>18828068
>>18827648
>>18828085 “Always been zero hype” The blatant cover up is really poor from a billion dollar token holy fuck this is bad >>18827553 “Not understanding staking”
What a joke and load of shit
>>18828219 Literally copying the sentiment from my threads ... this is so bad and obvious man
>>18828273 “Far fewer long term biz posters than you think” yea because it seems like hundreds but it’s the same 10-20 link insiders.
>>18828467 Wait are they really trying to connect Blythe masters to LINK now as soon as my PHUN x Blythe crumbs
Getting really cringe now
>>18828633 Another sentiment copy
>>18829068
Because Szabo is based as fuck and knows LINK is bs
>>18829341 he’s a known scammer
>>18829351 Samefag
>>18829379 Samefag
>>18829501 Samefag
>>18829680 partners? Paid Sponsors
>>18829695 Samefag
>>18830108 Samefag
>>18830201 Samefag
>>18830243 “Stealth mode“ was the team dropping breadcrumbs on biz and promoting fake hype endlessly for years. Extremely easy and cheap to hire shills
>>18830550 samefag
>>18830680 His answers are so roundabout especially the “world experience” that’s the last things you look for in devs and a crypto team lmfao wow
>>18830818 Yeah he’s seeing his 4chan antics exposed. Using threads like this to hold the price up long enough to keep soft exit scamming obvious af
>>18831009 Samefagggg
>>18831010 Samefag
>>18831162 Paid sponsorships aren’t cheap and they’ve done a lot
>>18831261 Their whole team just sits on 4chan shills eating Big Macs

Biz be careful. When it’s this obvious. Run as fast as you can,

>>18831915
thanks for the buy signal oldfag

>>18829030
Look at it this way, xrp hit a peak mcap of $140 billion in the last bull run. If link had this mcap it would be worth $400 a token. Now also realise that link solves an actual key issue and has hundreds of integrations, not just partnerships, with big companies. Also bitcoin looks ready for a new bull run and will take the market with it.

>>18832030
>every thread in which the posters compliment OP is just like my thread! They copied!
Holy fuck what a delusional narcissist

>>18832030
Lol what happened to your "Whalekiller" trip?
Is it retired now?
This newest larp is way more boring.

>>18832077
>PhysicsHacker

>>18831296
Dude they’re giving you the runaround. Nobody is crypto cashes outs funds as much as Chainlink. The ICO funds alone would last nearly any quality team for years and they blew through it.

Many teams work in millions years not even couple weeks. Ask anybody with actual technical knowledge how insane that sounds and his response is pure justification.

Just go look at financial breakdowns and token metrics of other top 20 crypto’s. LINK spends the most money and gets 10x less done than others. Partnerships is all they do. And shill. I can’t even look at this anymore. Feels too surreal like a simulation. Take care and be careful anon. You’ve been warned by many

>>18832088
My dearest friend, 'tis with immense pleasure that I inform you that your letter has found safe travel to my destination and landed in my hands. However, this pleasure was fated to remain short lived and bittersweet, for I must also admit to you, regardless of what distress it may cause to you, knowing you went to great trouble to pen it and deliver it to me, that I in fact declined to open it and refused to read the message contained within. Surmising your intentions, there exists no doubt in my heart regarding your sincere worries for my financial well being, but alas your attempts to convince me to modify my investment strategies shall regretfully remain futile, as my stubbornness in this matter has indeed been sealed irrevocably and no other voice shall rock its imperturbable foundations. Allow me then to reiterate my will once more, and do your best to forever remember it for no change will follow: I shan't part ways with my beloved asset for it is my utmost belief that I have invested wisely and foresee infinite potential in its future, and therefore no other possession in this world shall change my decision, not even a mountain of gold! For my possessed asset is indeed fated to be worth more than any other riches in the world. We shan't speak of this no more. Sincerely yours, your beloved friend.

>>18832030
paranoid narcissist

>>18832004
>we simply do not have any info to make any assumption
You don't have ANY information to determine whether Chainlink are making a sincere attempt at delivering a product?

So 3 years of talks from Sergey, the Web3 paraconference, constant courting of developers and hackathons to get people building using Chainlink, DeFi integrations, Town Crier acquisition, Kaleido integration, OpenZeppelin integration, Ari Juels hire, threshold signatures paper, DECO paper, Mixicles paper, Arbitrum integration, pivotaltracker, 3 audits including trail of bits, functional mainnet, etc. etc. and you say there is "no information" to tell that Chainlink are making a sincere attempt at delivering a product?

You're a shit fudder, but then again they all are.

>>18832076
Guys please go read every thread you can find. Compare them with this thread and my thread. You will find an uncanny amount of similarities between mine and this one that you won’t find on others. Judge for yourself. Has nothing to do with ego. Link other threads like this and make a comment like mine that can be applicable to this thread or mine. Not possible. But yeah just my ego. You guys are so obviously poor at this. 3 years of experience and you are crumbling finally

Posting in epic thread. 2017 oldfag who made fud pasta and contributed to breadcrumbs. Glad to see fellow OGs.

DR;SM

>>18832076
>>18832112
oops we both call him a narcissist now we must be the same person

The good thing is the discord faggots woke up when this thread was already 200 replies in. Too late to have any impact or derail anything.
Such a nice break from those idiots, reminded me of old biz.

>>18832030
>lol. pee pee poo poo. drns.

Believe what you will, but your thread is shit and I have a feeling that reading through high IQ posts hurts your brain so much you got a seizure and lashed out like you did. So, in words you'd understand: hurr durr, you made thread shillin shit, if others made thread around the same time you did, it is against you? lol take ur meds u faggot

>>18832094
Nice

>>18832120
this nigga only been on 4chan a week and already losing his fuckign mind. hilarious

>>18832117
> there is "no information" to tell that Chainlink are making a sincere attempt at delivering a product?
currently yeah we have no info, why are they selling ? we don't know .sure all the thing you listed happened but those are the past now we don't know. every project that exit scammed did many of those thing you listed, most of them even have their main net working in full.
>conference
doesn't matter, every shitcoin hold conference, it's just marketing, specially in link cases where it's all focus are institution.
>mainnet
as i said multiple coin had a fully running mainnet but still it did nothing for them, what matter is addoption which seriously haven't been seeing with link.

beside would you be still holding link(and would link have pumped) if they didn't all that

look at it this way, what if you did everything right but simply no one want to use you product for whatever reason.

As i said CURRENTLY we don't have the necessary info to make a logical conclusion. should the team come clean about these coin sales and these zero merit partnership thta would change.

>>18832249
I'll just let people read my comment and then yours and they can make up their own mind. :)

>>18832249
post a pic of your hand

>>18832249
retard.

>>18831890
No you are wrong I was also here during the same time period. 1000 was so goddamn cheap at the time that people were told they will commute suicide if they weren't willing to throw $200-$400 in the project. It was still early and a good bit of uncertainty about the project but that is hardly any money to risk. I'd want to KMS if I didn't drop literal change on the project back then. Also 1000 LINK ensures enough to not have to work eventually, but could be years. 10,000 is make it always has been, always will be. Idk why people lie about this, doesn't make much sense

>>18832338

>>18831915

>>18830637
>I'm 90% LINK, 5% ETH, 4% BTC, 1% wild shitcoin adventure

Fucking Kek, this is basically my crypto portfolio to within a few %. Based patrician linkbro. What are your shitcoin adventures rn, I’m in on the meme team of idena, PNK, suterusu.

>>18831975
Arbitrum, if that counts. Arbitrum is bigger than BSN.

>>18832030

Lmao, I’m one of the ‘samefags’ you claim and I’m an actual person you absolute fucking idiot

>>18832094

Unbelievably based DRNS-posting, anon

>>18832389
Kek, good to have Sgt. Armadillo on my side.
I'm on 0xbtc, CRUZ, and UPT. I've looked into PNK but the idea seemed too far-fetched to me, congrats for the run up though.

>>18832582
I'm >>18830637 , don't know why my ip changed

>>18832370
This is how I remember it too
Good luck Marines

>>18832249
Even basic research kicks up network metrics

>>18832249
Start with crypto spong3 on twatter

>>18832094
Based and Victoriana pilled

>>18829501
Hey man, I always thought this chart looked too clean for oldfag copy/pasta xD

I think it's more valuable than people give it credit for. In terms of liquidity, I would expect a distribution in this neighborhood for the settlement, contract, and oracle layers. So replace BTC with whatever (BSV?) and ETH with whatever (ONE?) and a rose is still a rose. (And no I'm not suggesting either project is good - just pointing out that structurally I think the chart is legit. Bruh.)

>>18831162
a lot of the people that work for/with chainlink purposely don't say they do for reasons that include speculation by biztards

>>18827207
Hi OP. Thanks for a rare good thread.
This is coming from someone who has bought and held 6 figures of LINK since ICO, some of us are still here. Also had Assblaster reply to me in a thread, that might be my highest LINK honor lol.
Anyway, I think we're finally getting close to having our time in the spotlight. Oracle integration this year (I suspect it will be used along with their SWIFT GPI services). Polkadot goes live soon and Chainlink is their default oracle, implying anything on Polka will likely use link. Then there's ETH 2.0, BTC halving, lots of synergy coming up in the next year. In a $50k+ BTC world, LINK is easily $25 and I'm set for life at that point. Just kinda enjoying my days until then. Will always remember the early days fondly, my entire portfolio worth $10k and I'd get excited when it would move $1k hah. Now it changes that much in a minute... Good times, I hope I never forget those sensations. Take care OP.

>>18831392

Don't know what's up with retards trying to change it to 10k being a suicide stack. Same boat as you, been in since late 17 and it was ALWAYS 1k Suicide and 10k Make It.

>>18831915

You have to be the biggest joke in Link lore.

Congrats on this.

>>18832094
Based and bullish for LINK

>>18827207
Posting in epic bread. OP you're based as fuck, see ya'll on the moon.

>>18827207
thoughts on the insufferable normies on twitter gettin in on link ? is it just FUD

almost sold my stack after the celcius whore and twitter fags

>>18827207

>>18833575
Fren, you gotta remember all that matters is adoption. Look at LINK's marketcap, look at the number of LINK wallet addresses, and look at how few google searches for chainlink are currently taking place relative to the importance of the project. We're still so early, but some lucky retards will still be here for part of the ride, just like with BTC and ETH. They'll just get off too early this time too.

There were way more barriers to understanding BTC back in 2011, but this works in our favor because that also means we have a much larger available market of normies with coinbase accounts already. Just relax and enjoy the ride, fren!

>>18832030
Zero evidence, zero substance post.

This is the most genuine project in all of crypto.
I'm an oldfag that has been along for the ride since ant.
Buy as much of this as you can and expect to hold it for at least two years.
You're welcome.
(These threads are too rare now. They used to litter the board.)

I doubt anyone here even remembers the IBM email threads...
Those poor Google docs...

OP - at the yacht party will there be a seperate vodka faucet for black Linkmarines?

>>18832030

>>18833970
Nah. You're with us, anon.

read this
"Kaleido Chainlink service offers a funding pool of 1 billion LINK tokens for each environment, for use only within Kaleido blockchain networks (these LINK tokens don’t have a monetary value). All consortium members are able to draw LINK tokens from the faucet using the service console UI or Kaleido Platform API. However, all Chainlink nodes are configured to allow zero payment for executing job requests. As a result, all built-in tasks are “free of charge” without requiring LINK payments. A Chainlink service administrator can still define new types of external adapters"

from "https://kaleido.io/how-chainlink-works-under-the-covers/"

chainlink desperately needs a stable coin.. and open means projects just can use their build tech without the use of tokens.

and any sane project is never ever gonna rely on only one oracle data feed.

just because chainlink team never withdraw link in first 2 years make them better scammers.

now when they are cashing out all the paid link shills are trying to defend a hippo. What a joke.

>>18827277
1000 link? Ok now I know this thread isn’t legit

>>18834194
Thanks Anon.
Makes sense.
Kaleido is offering a private blockchain to businesses who want to use a blockchain model internally.
That model doesn't require "outside" tokens - can you imagine having to spend or burn real Ether or real Bitcoin just to post something on a business's internal private blockchain? Of course not, they use their blockchain however they want.
When communicating with other internal applications, their CRM or whatever else, since they're using Chainlink, they's need some "fake" LINK to run he application on their internal chain.

I don't understand your point.
A business running a private Ethereum clone wouldn't need real ETH to use it, it's like a TestNet. They have their own ETH for their own chain.

Similarly, they're not going to get data from the Decentrlized Chainlink network, get data from some APIs, or post data to the public blockchain without using the tokens on the public chain (LINK and ETH, etc.).

>>18833970
Nice of you to join Mr.Kingston

>>18834216
>10,000 make it
$10,000,000 which you buy vanguard ETFs and retire on the interest
>1000 suicide
$1,000,000 which gives you a second chance at life or retire as a poorfag neet

>>18828871
I have to say this answer is less than satisfactory. It means stakes can only be awarded over non issues.
For example if you have a weather api oracle insuring it doesn't rain during some exploit, yet it did rain, you have no way of going about proving that you deserve the oracle stake.

>>18835196
The oracle's job is to transfer information from the API to the blockchain without alteration.
And in some cases, completely "blindly."
The oracle's job is not to make any decisions about the veracity of the actual data.
As long as the oracle sends whatever data the API provided, the stake should be safe.
The contract-writer of course can implement whatever staking conditions they want, but no rational oracle node would risk a stake on a third party's truthfulness. That defeats the whole point. The stake is to ensure accurate/unchanged data is sent to the blockchain.

>>18835271
Adding to this ...
Unless the oracle node and the API provider are the same organization.
Such as if weather.com made a link oracle node themselves. They might stake on it, as a guarantee to customers that they'll be providing accurate weather data. They's presumably also charge for this service, because there's value in their guarantee.

>>18827207
Most based OP in recent memory. Thank you and all like you for the work you've done, when we bizraelis changes the world with our LINK gains, your kind will be remembered as prophets.

Can you explain to a brainlet the value of truly random number generation? I understand that true RNG is difficult for computers, but if one-time pads are truly unbreakable encryption then why aren't they already commonly used? Is it because of the costs associated with true RNG?

Do you agreed with pic related in that there will be a market for random number generation? (Secured by SGX)

>>18835271
>>18835302
ok, makes sense thanks anon.

>>18835271
I have to say though stuff like this makes me doubtful of ever using linkpool to stake, I would have no control over which staking contracts linkpool signs and honestly would be worried over them losing my Link (say if they did sign a mean deviation stake in a contract with a majority of dishonest noded)
in fact this question was posited to linkpool founder on Reddit and he didn't even seem to understand the possible threat

>>18835315

True and verifiable randomness will always be valuable in cybersecurity.

I read an article recently about a guy who won the lottery because he worked for the company that wrote the lottery software. He was able to make it be not random on two specific days each year (on a specific date it picked from 200 pre-set possible combinations that he knew). So he just had his friends and family play those numbers on those dates and they won. He eventually got caught.

That's why many lotteries use those ping pong balls still.

That's why companies will pay good money to ensure they're using truly random numbers in their security software. You never know what kind of "back door" somebody devised, and if it's the cryptography tied to millions or billions of dollars (or national defense, etc.), there's sufficient motivation for someone to try to execute malicious code.

This is one of the most obvious orchestrated shill threads on /biz/ I've ever seen. Congrats on this seriously!

>>18835405
I can't imagine anyone putting in their own money, dependent upon another party being honest.
Especially someone like Linkpool, trying to build a reputation of high quality feeds.
I can only assume they'd never enter a contract where their response could be compared to others', with real money riding on the other party's truthfulness.
Linkpool will likely have high quality staked feeds, as a guarantee to their accuracy and uptime, but on the condition that they are the only provider.

Game theory is going to be interesting as we get to the less expensive or unstaked nodes.
I can imagine a contract that says "I'm going to poll ten nodes for this feed. If nine or ten agree, then everybody gets paid. If fewer than nine agree, nobody gets paid." Throw in a staking penalty if nine agree and one disagrees, and it wouldn't make any sense for anyone to be dishonest. Unless you have enough nodes to ensure you'll always have 90% of the nodes polling a certain API.

That kind of thing. It's possible to make staking contracts that don't penalize honest players, but still make it financially impractical to be dishonest.

>>18830807
Sup jesusanon

>>18835502
Interesting. I knew gaming was always going to be a easy to adopt niche for smart contracts / oracles that used large sums of money.

However, do you know much about the cryptographic side of things? From the one-time pad wiki article it seems like the problems in the article are solved by LINK or components of LINK. (True randomness = random use of 'random' nodes, Key distribution = Mixicles, Authentication = SGX) Do you agree with this?

Just wanted to express my gratitude to my brothers in this bread. You guys took me in at my lifes lowest and because of your ruthless comedic autism, made me a better person. God speed frens.

>>18835577
Checked. We're all in this together.

>>18835502

>>18835577
Amazing, right?

Almost like the kind of thing one might expect on an anonymous message board where people discuss ideas about cryptocurrency and blockchain projects, where individual threads can be created for targeted discussion about specific topics.

If such a place existed, then someone might epect to see a thread like this on there.
But not here at /biz/ because this board is only about business and finance. Surely a conversation about a blockchain project couldn't occur here organiclly.

>>18827207
whats the best coin besides link to hold

>>18834393

"Similarly, they're not going to get data from the Decentrlized Chainlink network, get data from some APIs, or post data to the public blockchain without using the tokens on the public chain (LINK and ETH, etc.)."

explains why all the hyped partnerships are not using link token from the market (google,oracle,microsoft etc)

https://feeds.chain.link/

if after that many years of development at chainlink and only handful of not known projects are using chainlink. i think Link token is not worth billions of dollars. but thats the reason team wants to dum them asap. (the chainlink team knows they cant keep pumping their tokens price.. only Apple , facebook are left for hype.

also soon "ADO — EIP-2362: A Standard Interface For Price Feeds"

>>18835752
Diversification is a meme.

>>18835784
This.
You don't need to reduce risk a miniscule amount by diversifying inside an already highly-risky asset class while giving up your upside potential. If there were other credible oracle networks vying for dominance you would, but thankfully Sergey has already crushed his competition so you don't need to!

Put another way: what fucking project has better upside than Chainlink, a literal monopoly on the most valuable segment of all cryptoassets, where all other cryptoassets literally REQUIRE IT TO FUNCTION?

>>18835061
And the brainlet of the night award goes to...

>>18835783

Private chains = use the tech (open source)
Public chains = use the tech and token

All blockchain projects work like this.
For decentralization and interoperability, you have to pay/use tokens. But if you're keeping it all in house, yeah, of course you don't.

Like you could set up a new bitcoin blockchain on your home computer. You could even set up nodes on other computers on your home network, sync to them, send transactions worth thousands of bitcoins between addresses.
But you wouldn't be able to sync to the public BTC blockchain. Your bitcoin blockchain would only exist in your house.

I'm not sure what point you're arguing, that the partnerships that only involve private blockchains won't use the LINK tokens fron the public Ethereum chain?
That's understood and expected -- it's not the major revelation that you apparently think it is.

>>18835674
>I can imagine a contract that says "I'm going to poll ten nodes for this feed. If nine or ten agree, then everybody gets paid. If fewer than nine agree, nobody gets paid." Throw in a staking penalty if nine agree and one disagrees, and it wouldn't make any sense for anyone to be dishonest. Unless you have enough nodes to ensure you'll always have 90% of the nodes polling a certain API

see, this makes me think you don't understand it either. If I could get any node to agree to a contract like this i could defraud them out of their stake. I just need to select 9 nodes that I actually own and then have them give a wrong answer to the contract I requested.

>>18835271
and actually, how do you even check on-chain that api was directly relayed? It would again rely on oracles.
The whole staking mechanism makes no sense to me. It could only work through mean deviation and that opens it up to stake defrauding attacks.

>>18836008
Don't waste your time. If someone is 'knowledgeable' about oracles/chainlink and fudding they are from the discord and fucking with nulinkers. Private chain/testnet fud is from 2018. ADO is just a complete mess and a joke at this point (chainlink bailed on them).

>>18827207
Will I make it with only 25k, Anon?

>>18836081
>>18836107
the only solution I can see is to only stake with contracts that only involve reputable nodes, who have it in their best interest to be honest since maintaining a hard earned reputation pays better than stake defrauding (note that the prerequisite is that stake defrauding might affect reputation in the first place, which would also be very difficult to implement, since again reputation would have to rely on something off-chain to detect it)
honestly this explains why they are doing KYC in this stage and haven't implemented a proper reputation system yet, they have to be very careful about this.

>>18836110
Here's a quick tip to everyone who doesn't know if they have enough to 'make it':
LINK circulating supply is ~350m tokens (eventually fully diluted 1b).
Eth circulating supply is ~110.7m
BTC circulating supply is ~18.3m

So that means you can easily do quick napkin math to see that Chainlink's fully diluted supply compared to Eth & Btc respectively are 10x and 50x, so the price of LINK should be ~1/10th & 1/50th if it were the same marketcap, you follow?

This means that if LINK has the same marketcap as Ethereum at it's height, fully diluted with 1b supply, it would be ~1/10th the price of eth's $1400 ATH @ $140 per LINK

Doing the same thing for BTC's $20k ATH marketcap gives you ~1/50th the price @ $400 per LINK.

So you can do the math here based on what marketcap you think is reasonable for LINK compared to previous revolutionary cryptoassets. Or you could just check the handy chart that anon made for you already. >>18829501

>>18836297
This goes against the price predictions from the anon you cited from warosu

>>18836081
That's if you name the nodes. If I'm a single node operator, providing an oracle for "AA Public API" and I know there's also a bunch of other nodes also providing this feed, I'm not going to enter a contract written like what I described if the contractor gets to name individual nodes. For exactly the reason you described. If I'm pitted against others, I'd only agree to do it if it's sufficiently random, insulating me from the possibility that 90% of the other nodes providing that API are the same person.
>>18836107
You're correct.
Staking accomplishes two things:
For high reputation "known" nodes with a single known API, it keeps them available. But it doesn't keep them honest. This is the weather.com example. They might offer a staked node as a guarantee that they'll always provide data, because if they don't, they lose stake. People would pay for this. They could lie and post inaccurate info, but it wouldn't benefit tem, and the cost to heir reputation would be too great.
For unknown decentralized nodes, mean deviation as you describe. But with the safeguards I was alluding to: randomness in node selection, large enough pool of nodes, incentivize consensus abd disincentivize dissent. I havent considered all the "rules" that would have to o ino a contract to accomplish this, but it seems possible. As long as one party doesn't get to name individual nodes, like you described.

>>18829791
why can't we leave 4chan?

>>18836309
>>18836297
Just seems contradictory to the idea of value investing you were promoting earlier ITT

>>18836334

Because nobody else will explain exactly how you're a dumb piece of shit on any given topic, and if you spend enough time here you begin to appreciate the honesty.

>>18836309
Do the math yourself, smoothbrain.
The chart only accounts for a 350m circulating supply, not the remaining held team and node incentive tokens. If you're convinced that the full 1b will never hit circulation (or if the majority of tokens will be locked up as staking collateral in nodes), you can multiply the price by however much the circulating supply is for mktcap comparables.

I just walked you through the method I used to calculate price. At least make an attempt here, goddamn.

How much coke are the team doing to need to sell off what they are and do we know what preference of escort Sergey insists be sent to his office whilst on said binge?

If it's big titted asians im all in.

>>18836321
any more info on how the reputation would work by the way? the whitepaper only says that it would rely on uptime and mean deviation, but that would mean, in the case of the weather.com example, that reputation isn't affected by wrong data.
Did they ever say more about this?

>>18836371
I'm talking about the chart you posted fren

>>18827277
1000 link kek you musta just showed up yesterday

>>18836453
Read what I wrote again and stop trying to bait so hard. I'm just here tryna help out newfrens.

>>18832030

Who the fuck calls themselves OG GEMS. This is some retard who thinks we're in 2017 and can build up a following using a tripcode.

Look fag, no one believes your bullshit. Youre tryinf to shill shitcoins. Show me your networth. If its larger than mine (its not) ill live stream me market selling my link ans buying whatever shitcoin you say.

Just a poorfag who missed out on link. Your strategy may have worked in 2017, but not now. Also youre clearly not even technical hahaha.

Can link work good without full ETH 2.0. You need cheap and fast transaction on ETH. In any moment fee can go to 1-5$

>>18836297

I wouldn’t be too sure about the dilution. By the time those coins are released, staking could be implemented, or at least big players could be holding for their nodes and taking it off exchanges. So the future circulating could be *lower* than it is now. Not saying that will happen, just that it’s not certain that a big dilution event will necessarily happen.

But yeah, if you think it will just divide values on the chart by 3

>>18836442
>>18836442
Read the following section of the whitepaper. Furthermore, remember that Validation, Reputation and Certification services will be numerous and run by third parties, in addition to Chainlink.
On KYC, have you read this? NEET nodes are not going to be the focus for a good while, they want professional operators + data providers. https://medium.com/@chainlinkgod/scaling-chainlink-in-2020-371ce24b4f31
This is also a good read: https://blog.hype.partners/staking-as-a-service/

>>18836583
Multisiggy mah niggy, fees don't mean shit.

>>18834194
>>18832088
>>18832030
Whenever discord trannies jump on these threads in an attempt to derail good information I cannot help but imagine them like this. They are also all clearly eastern european poors swinging 2k stacks. I like the gohenez on these guys.

>>18837379
Kek same. They're pathetic as fuck.

>>18832030
Fuck off ranjeet

>>18832004
please go shit in your own street currynigger

>>18828162
whose address?

>>18832004
Where would you suggest people put their money instead?

>>18828593
what does block 478 mean? is that ICO block number?

>>18832094
based

>>18838256

Yeah the last one. Was ao funny. It was the difference between anons having 35k and 60k link cause of ED.