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/biz/ - Business & Finance

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22453531 No.22453531 [Reply] [Original]

Here are the problems that have led me to NOT keep any money in Chainlink right now:

> Scalability
This is an Ethereum-based token asking to take on capital on the scale of trillions. I do not see any viable way this can occur.

> Fees
Contracts may need to run multiple times a minute, creating enormous ETH costs.

> "Definitive truth" use case fundamentally flawed
Legal teams in conglomerates are NOT there to solve simple black and white issues that could be handled by an oracle. Such issues never make it to court, since, if the truth is so easy to discern and one party knows it will lose, they simply attempt to get a settlement. Legal teams are there to handle much more complex issues, requiring reading between the lines and using abstract thought. Example: "Is this fraud or bending the rules?", or "Is the delivered product of such a bad quality that we are entitled to a refund?". Chainlink may have few very niche uses, but it is nowhere near as useful as /biz/ or Sergay make it out to be. No lawyers will be replaced.

> Team not up to the task
Even IF these problems were surmountable, we have seen close to zero progress towards solving them in the past three years. This is NOT a team of high-performing autists, but looks more like your typical startup. Even IF they are ever able to deliver, it will be 5-8 years minimum, and I can keep my money in more useful places until then.

>> No.22453549

>>22453531
dr;ns op is a faggot

>> No.22453568
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22453568

>>22453531
THIS IS NOT A FUD THREAD

>> No.22453593
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22453593

>>22453549
> Project entirely built on hype
If any other project had failed to deliver any sort of progress for 3 years, it would be worth pennies. As far as Chainlink is concerned, it is only being kept alive by autists sticking their head in the sand while the market is red and making memes when the market is green.

>> No.22453598

>>22453549
This

>> No.22453659

>>22453593
fine. i read your fucking plebbit spaced blogpost. and you know what? your fud is so fucking weak i debunked every single point you had, as i read it. fucking dyor you pissant, all of this has been answered a thousand times before

>> No.22453692

>>22453531
> scalability
Arbitrum
> fees
Arbitrum
> truth
Game theory keeps node honest, this is not supposed to be a new venue for arbitration or suing each other over quality of bananas
> team
Ari

>> No.22453695
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22453695

>>22453531
yawwwwnnn

>> No.22453714

>>22453692
dont forget threshold signatures

>> No.22453717

>>22453593
i get where you are coming from tho. either you hodl link and are worried, so you make a retardedly easy thread to debunk to get hopium, OR you got left behind just watching it rise, and are now wondering if 13USD is a good price to buy in on. in which case i will say that anything below 100 is a steal, anything below 1k is a good deal and anything below 10k is speculation. dyor and you will know, instead of making faggot threads like this OP, i aint gonna spoonfeed you nigger

>> No.22453749

>>22453692
this, how new does OP think we are

>> No.22453764

>>22453531
we seriously need more threads like this, all those "we're all gonna make it bros" threads are making this board total fucking garbage.

>> No.22453784

>>22453764
pajeet shilling is what ruins the board. when it was 90% LINK threads, this place was golden wether it was fud or shill

>> No.22453799
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22453799

>> No.22453808
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22453808

>not a fud thread
>Proceeds to fud
What did op mean by this?

>> No.22453833

>>22453531
all your points are stupid
this isn’t even good fud
first two points are solved by arbitrum
third point middleman/ lawyers included are busy working on useless and simple to avoid issues all the time
also big firms playing dirty all the time with each other
trustless and automatic enforced contracts would solve this
last one yes the the team of phd level researchers is not up to the task you are right

>> No.22453899
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22453899

Muh Arbitrum
Muh threshold signatures
Muh staking
Muh mixicles

These are all MEMES you idiots. It will never come. LINK is done

>> No.22453913

>>22453531
>arbitrum
>arbitrum
>kleros
>lots of funds

>> No.22453923

>>22453899
Haha THIS, LINK is literally dumping to oblivion right now

>> No.22453963

>>22453923
>falls 2%
>dumping to oblivion

>> No.22453977

>>22453531
>>22453899
had 3 years to accumulate but you didint. now you realize that its too late to accumulate a sizable stack so you try to fud desperately failing at every attempt. sad.

>> No.22454077

ready the archives stupid, this has all been discussed and resolved every single day from 2017-2019

>> No.22454151

>>22453899
link is in the top 10 mcap you idiot it's way way too late to fud. What difference is it going to make if 4 retards see this thread and sell their $500 stack. Fuck you people are stupid

>> No.22454224

>>22453531
been holding link since sep 2017. just want to say link succeeding means we are cooperating with swift and the financial world, contrary to btc whos aim is to tear it down, link is basically going to be a middleman in connecting data from existing infrastructure to crypto through oracles. seems hypocritical to me that everyone here hates kikes and rothschilds an shit when we are literally making their job easier and more profitable for them.

>> No.22454265

>>22454224
Ari is a jew and sirgay a member of a saturn worshipping secret society...

>> No.22454337

>>22454224
actually tremendously based

>> No.22454383
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22454383

>>22454265
delet

>> No.22454451

>>22454224
>we are literally making their job easier
"we" aren't doing shit we're just riding the coattails of the 4IR, in my case so I can go off grid and completely bail from society

>> No.22454470
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22454470

>>22453531

>> No.22454506
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22454506

>>22454470

>> No.22454522
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22454522

imagine thinking being smarter than this man.

>> No.22454575
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22454575

>>22453531

>> No.22454626
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22454626

>>22453531
The first two issues applies to all crypto, the third issue isn't one and the fourth is pretty meaningless.

I do agree with your implied message that kleros is a good bet.

>> No.22454645

>>22453531
SHIT SHIT SHIT
it's all over and it never began
I wrote a sad song but you never rang
So tell me how i move, to heal and to know
What life can ever mean when you can't grow?

>> No.22454653

>>22453531
3 years faggot

>> No.22454658

>>22453593
It's actually the very definition of an anti-hype project, and 4channel and twitter are not that influential. Most of the tokens are held by the top 100 wallets, the prices went up because of whales buying, much less because of regular people putting their pocket money on memes

>> No.22454672

>>22454522
> h index of 83
Meh... Average for his age. Doesn't sound like someone ready to revolutionise and industry. I'm happy some anons replied to my other arguments though. If scalability is out of the way I'll buy the next dip.

>> No.22454685

>>22453531
Safex > Link at this point.You did good not buying the top. The rest of u : Enjoy yo boomer gains nigga

>> No.22454700

>>22453531
Really bad fud, needs lots of work. Read about link for 5 minutes and you'll see all of your claims are entirely retarded

>> No.22454706

>>22454224
Calm down with the anti-Semitic remarks alright

>> No.22454785
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22454785

LINK is another scam

>> No.22454793

>>22453531
That Chainlink symbol needs to be in front of the fence, not behind it.

>> No.22454872

>>22454672
That’s the wrong way to judge Ari’s competence. Read some of his papers, see what contributions he has made to the crypto space. He’s easily #2 after Satoshi (and way ahead of Vitalik).

>> No.22455613

>>22453531
Nice blogpost you massive faggot

>> No.22455952

>>22455613
nice low effort post, faggot

>> No.22456111

Chainlink is here to stay with ETH, USDT, BTC Hence why you keep Link on the long term portfolio

>> No.22456161

>>22453764
it already is total garbage. looking for a board that accepts politics and business to a degree, currently swinging between /diy/ and /out/

>> No.22456524

>>22454224
This is actually why I bought the project even though I want the kikes to fail it wont happen so I will join this movement until it is time to bail then become a nomad and JOHN GALT.

>> No.22456551

>>22456161
youre going to be swinging from your ceiling soon so i wouldnt get HUNG up on the choices anon

>> No.22456646

>>22453531
hahaahaha complete noob

>> No.22456890
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22456890

>>22453531
>Not a FUD thread
>Proceeds to post FUD that has been addressed many, MANY times before
All jokes aside, what's up with the volume, or is a bug in CMA?