/biz/ - Business & Finance

>>25103560
is op retarded?
yes

>>25103560
I bought at $17

Guess what coin this is on the 1 hour chart. Hint it's not XRP

>>25103560
>>25103676
delete

>>25103560
PLEASE SOMEONE POST HOPIUM

>>25103560
Ah feels good to be in Estonian-based Parsiq.

Jesus Christ it’s sub 10 already

Yes, and it's going to zero just like XRP and ETH.

>>25103560
“US Based” is manifestly not true though; no country is based what loses to girls in pyjamas

>>25103560
This is effective fud for retards.

SUB $10...absolute kek

>>25104450
It is certainly comfier but dont brag anon. Crypto is a cruel creature ready to take back at any time. Keep the karma positive and the rewards will flow.

>>25104867
Chainlink is a security

chinolin is a scam

>>25105603
Don't stop spamming this anon, I'd like to pick up some cheaper link over the holidays.

>>25103560
That's not the Howey test, dumbass.

>>25105902
you really don't expect profits anon? lemme guess, you're just holding link for the tech

>>25106021
People have to be led to expect profits, anon.
Chainlink never ever did anything like that, they never even acknowledged the price of the token.

>>25105902
>needs to be bought by institutions using it as payment and collateral
>sergey has said multiple times that as the price goes up the strength of the network increases
come on now, it's very clearly a security. They don't pretend its a currency at all.

Yes, it is. Anyone saying otherwise is retard.

>>25106121
>sergey has said multiple times that as the price goes up the strength of the network increases
He never EVER said anything like this.

>They don't pretend its a currency at all.
It's described purely as a currency in the white paper, and it has been used purely as a currency since mainnet launched.

>>25106021
Buying LINK is like purchasing a license to work at a job. A LINK stack will generate profits because you can use it as collateral while you work as a node operator.

>>25103560
Di it have an ICO? Then yes. Mineable coins are on the side of not being securities though.

>>25103560
Holy shit I'm in RLC instead now.
iExec has better oracles anyway
And better memes
The oilers right all along

>>25106021
As far as the SEC is concerned, yes. Utility and not price speculation is all the Link team has promised people who own the Link token. Yes, we would all like to make money off this project, but there's no expectation of this coming from Sergey and co.

>>25106150
See >>25105902
Oopsie, fudanon.

>>25106222
ETH had an ICO and the SEC specifically cleared it as not a security.
The only thing that matters is the Howey test.

>>25106180
whitepaper says that link will be used as collateral, implying that it must have increasing value

>>25106292
Why does it imply that?

>>25106292
Collateral doesn't have to have increasing value lmao

>>25103560

FUCK

>>25105902
>ay tone yous saying tha SEC guberment agency responsible for stoppin the xrp shilling?
based

>>25103560
DELET THIS

It's becomes a security the day the gvt of Cayman Islands declares it one....

>>25103560
lmao cayman islands is not us based stupid tranny

>>25103560
WTF I BOUGHT CHAINLINK AT ATH

>>25106276
SEC never cleared shit about ETH. Quit making shit up.
Here is the history: You can be regulated by 1 of 3 entities: CFTC (Commodities), SEC (Securities), or Treasury/FinCEN (USD/Stablecoins).
CFTC "claimed" bitcoin and stated it was a commodity, for ETH 1.0 it said its "probably" also a commodity, but they said moving to PoS may cause SEC to have the better argument to regulate it (see pic)

So now that ETH 2.0 is here, we have to wait and see how winds up claiming it SEC or CFTC. The needle has swung more towards SEC given the "staking" issue.

it could easily go back to $1

>>25106619
>SEC never cleared shit about ETH.

Anon, I...

>>25106121

its a utility token for a network that needs to provide secure data feeds to blockchain based financial contracts. thats what it is. And if the network grows and gets better technology wise, its value grows, and so does its utility token. Maybe you can count this as a security, I dont know. But it clearly is something entirely different from stocks or bonds, as LINKs value is linked to a decentralized network and not some company.
The selling of chainlink by sergey is primarily done to keep up the nodes due to very high gas costs of ethereum (this is an eth problem primarily and will be dealed with by OCR and T-sigs) and to pay for developers, so they can continue developing the network. (still a lot needs to be done before it can be fully decentralized and useful)
I believe in LINKs idea and vision and i think it is worth a lot more than its current value.

>>25106673
Thats ETH 1.0 DIPSHIT!!!!!!

>>25106731
... which had an ICO, and was cleared as not a security by the SEC.

Having an ICO is completely irrelevant to being a security or not.

>>25106787
ICO isn't the issue dude. Please educate yourself.

Its linked in the the pic here
>>25106619

It involves the fucking staking of 32eth for validator nodes.

>>25107116
>ICO isn't the issue dude
Tell this guy: >>25106222

>>25106694
Ripple tried this shit as a "bank liquidity provider" saying XRP was liquidity currency. The SEC threw it out because only 1% of the use was by remittance services.

Trying to say that LINK is worth $10b because it is used by a handful of companies using a handful of price feeds is even more ridiculous than their defence and the SEC is going to wipe the floor with them. And just like XRP, Sergey has to pay people in LINK tokens to use the network, which they then dump on the open market. It's unironically over.

>>25107159
>The SEC threw it out because only 1% of the use was by remittance services.
Not at all.
The crux of the entire case is the Howey test.
Link passes the Howey test because Chainlink never led anyone to believe they would make gains from token price increases.

Everything else is irrelevant to the question of whether it's a security or not.
But of course, the case filed by the SEC dug up a ton of additional dirt as well.

>>25106331
>>25106341
haha yeah why not use collateral that isn't worth anything

>>25107156
The issue is does staking validator nodes meet definition of "howey test", which is:

1. There must be an investment of money;
2. The investment must be in a common enterprise;
3. There must have been a reasonable expectation of profits reliant on the effort of others

The issue is in #3. What percentage of network is running their own nodes vs relying on other parties....if 90% of "staked eth" is relying on others...then its going to meet that.

>>25107159
This. At least we have class action suit to look forward to

>>25107305
>price of a cup of coffee

>>25107354
>being worth something = increasing in worth
lel

>>25107367
I'm not sure about ETH, but Chainlink doesn't lead to profits from staking.
The stake is merely an escrowed guarantee that is returned in full afterwards.
The only profit made is the node compensation for correct data delivery on chain.

>>25107397
This was never actually in the white paper, you know that right?

Let's get one thing straight: you are NEVER getting my linkies.

You dont have to be very clever to understand it is

>>25104409
If you actually read the Chainlink whitepaper you would already know that Chainlink stated people from the US and Canada cannot buy LINK, they are legally sound.

>>25107465
>Chainlink
Can it exist outside of ETH? I haven't been tracking progress.....

>>25107532
You have to follow the Howey test to find that it is not.
See >>25105902

>>25107565
>Can it exist outside of ETH?
It's active on 9 chains right now.
Of course ETH is still its main backbone, but not for long.

>>25107159

There is a lot of value in smartcontracts and LINK is required to provide secure data for these contracts. $10b is not ridiculous, because these are financial contracts.
But yes, you are right, LINKs network at its current state is overvalued, but we are speculating here. I think smartcontracts and the utility of the LINK network have a lot more value to add and will eventually be way more valuable than $10b.

>>25107563
Americans and Canadians couldn't buy it at ICO. Anything after is fine.

>>25105533
If I have to power to completely destroy Parsiq from "bad karma lol" then I am a fucking God.
Karma isn't real. The original, ancient definition is entirely different. Stop being a hippie.

>>25107567
Yet sergey is shilling it like your usual moonboy, chainlink is done, it was the moment it was created.

>>25107697
Sergey isn't describing Chainlink, but the valuation of the entire field of blockchain tech. That's entirely allowed.

>>25107354
Lol see you said it yourself. Collateral just implies value, not increasing value.

>>25107736
Okay i was just fucking with you, here's the real redpill linkies have had trouble to swallow.

>>25107636
I'm American and I bought the presale along with the rest of /biz/. Just because they say they didn't allow it doesn't mean it's true. LINK is done

>>25106121
he never said that you lying faggot I listened to that fat fuck more than my father

>>25107792
>satoshi

>>25107697
God damn imagine being this desperate.
None of those figures have anything to do with the price of Link you dumbass.

I have to register every investment I own cause of work and they classify it as a security token. Hope this helps OP

>>25106292
That’s makes it a utility at worst, even if your BS was true

>>25103560
>brainlet to even hide the white box

>>25103560
This was reported and nothing happened.

HAHAHAHA fuck this shit I sold my stack and fuck you linkers

>>25108057
The fact that they were "selling" regardless of price dumps helps its case against being a security lel.
Tons of tokens from Sergey's "dumps" are going into the network, btw.

And they did inform everyone, before the ICO.
See pic.

>>25107810
It's not Chainlink's problem if individual people decided to skirt SEC rules after they met their legal obligation and deliberately told them not to. The onus there is on the investor.
>>25107792
>Alternatively, the network could be functional, which means holders can use the tokens in a manner consistent with the utility of the network.
Sounds like LINK to me.

when zeus fud shows up its moon time.
just bought 50 more stinkies its literally free money
and daily reminde you had 3 years.

>>25108258
>Sounds like LINK to me.
Good luck

I hope all shitcoins who took advantage of us citizens get fucked by the lawl

>>25108057
kek I submitted so many of these back in 2018

link is the next xrp
sell asap

>>25108258
>after they met their legal obligation
imagine being this deluded. They didn't even KYC for the presale retard. Not only that, they went the extra mile by paying jeets to astroturf /biz/

>>25106021
I‘m holding cause of the ferns and memes on this board.

>>25103560
They're based in the caymen islands tho