/biz/ - Business & Finance

>>25705136

>Posting a 6 month old video.

How is this bullish?

>>25705136
How about you pump us past $20 and then I'll care

Why can't Sir GAY give any actual updates on what the fuck they've been doing? Has anything at all occurred over the last half a year?

>>25705136
priced in already

>>25705136
> *strings holders along with lazy reposts from months ago*
> "staking soon guys that's why im going to keep selling into your liquidity!"
Fuck so bullish

>>25705204
He added an inguinal to his hernia portfolio.

>>25705136
Fuck off larper

>>25705136
Hi, I don't think you know what "spoonfeed" means. Asking other people to tell you something is literally the opposite.

>>25705136
The video he posted is fucking months old, I remember watching it live back then where people were speculating if he is about to announce staking in chat, and guess what, nothing happened

>>25705136

>>25705204
uh did you buyed in this summer? chainlink never hypes or give updates unless it's about something substantial and imminent

if you hold link, you’re staking already. that’s literally it

>>25705160
>>25705175
>>25705204
>>25705208
>>25705224
>>25705270
>>25706195
>>25706388
>>25706832
>>25707255
>>25707311
>>25707363
Good to see its all fucking 75iq retards here
Bull market indeed underway

Let me ask one more time before I try to dumb it down enough for you to understand: Why does staking differ in an oracle network so much from an execution only network (eg eth 2)?

>>25707607
You are ngmi, this is an old video and he just dumped 1,000,000 more on your ass while tweeting from a McDonalds restroom

>>25707311
no but I sure as shit wish I solded

>>25705136
deco and liink are 20x more bullish but no one ever talks about that
weird

>>25707607
don't (you) me im on your side

>>25707607
collateral

>>25705136
It's just hopium so he can continue dumping until the supply is fully diluted and you are left holding his worthless bags.

>>25707311
They've hyped up nothing countless times.

>>25705204
maybe try looking at github or any on-chain data you dummy dum

>>25707671
>>25707672
>>25707708
>>25707829
Well fuck it I was hoping to have some form of intelligent discussion but clearly not possible with the current group.

Listen closely to what Sergey is saying: implict staking in BTC means owning the asset or mining rigs (futures of the asset) and so gives an implicit incentive to perform. This is a BASELINE driver for network value. There is then a secondary kind of additional pledge to perform for specific jobs that requires explicit, parametric endpoints (eg wBTC bridged onto other chains requiring proof of reserve on BTC's main chain).

Think about what Chainlink now is: a network of nodes doing default universal protocol sustaining jobs requiring some form of implicit staking and also nodes providing specific inputs and outputs (forex rates, bank balances, bank payments, key transfers) only required by specific high value jobs that require additional layers of guarantees.

If anyone is able to read and comprehend the above they'll know what I'm about to say in the next post.

S I R G A Y B E T R A Y

>>25708093
I get what you mean anon. So where you going with this? Wouldn’t implicit staking not affect tokens circulating?

I haven't seen this much either paid fud or genuine retards is quite a while on here. Either way, that means things are about to get very interesting. $100 link 2021 is genuinely fud

>>25708093
and OP straight up abandons thread.

>>25708093
Remember that Thomas has said repeatedly that staking is done codewise but the economic incentives are the hard part. And Sergey just told you the answer if you weren't too stupid to understand him:

For implicit functions of the node a default stake which users of the network can require be above a certain thresshold to use all of the default node functions that are universally available. Including but not limited to:
- Arbitrum for ETH scaling
- Deco for obfuscation
- CanDID for KYC/AML/ID verification
- VRF for provable randomness
- Cross chain asset reserve checking
- Offchain aggregation for any data point
And much more

But consider what you need for a billion dollar derivative:
All of the above and
- Guaranteed high collateral delivery of data triggers with specific deviation parameters
- Use of API keys to constantly verify collateralization privately
- Specific API access to update legacy systems
- Other independent nodes to verify the performance/non-performance of the above

For those you'd need an explicit staking agreement for exactly what you want with a large amount of node-specific collateral in case you don't perform.

The only thing that makes sense is a two-tiered staking system as above. Now take your pea brains and figure out what that means for Chainlink's price.

>>25708093
Only with explicit staking, links risk absorption feature comes into play. Contract creators requesting services from link can now pass down data/execution specific risks onto the link network.

>>25707671
yooooooooo uncle! how is your internet persona going my guy?

>>25708483
yeah just a couple of more years until any of that shit you wrote is online and working properly

>>25708483
i'm low iq so what i'm gathering is this will be layer 2 staking for the BTC chain? enabling both explicit and implicit staking?

>>25708331
Deluded. Meds, take them, up the dose

>>25708093
Wow, running a node is "explicit staking", great, new buzzword. Definitely $1keoy now

>>25705136
explain to me in a couple sentences how staking and the reputation system works

exactly. you can't. and there is your answer

>>25707607
Tokenized Bigmacs?

>sergay our scam coin is dumping again we need to do something we still have 600 million tokens to dump!
>okay I’ll tweet something about staking
>staking? but we haven’t even started that!
>lul don’t worry fools I’ll just mention it, linkmarinetards eat up everything i shit

>>25708599
yoooo how's your food stamps going my guy? You buy BTC yet?

>>25708483
None of that is ready, or real. You bought vaporware. BTC actually has a working product. LINK needs layer 2, reliable nodes, bigger enterprise adoption, participation... NONE of that which LINK has

>>25708483

Just more and more theory, big ideas but no real life action.

>>25708706
If you want to use the default features of the chainlink network (arbitrum, deco, VRF etc.) you can select any node for your job that has a stake above 10,000 link (or $1mm USD, or 50btc or any denomination of any asset you choose that the link network has price feeds for).

If you want a specific high value use case like a credit default swap or large scale reinsurance you can specify additional task specific stakes for these aspects of the contract, as well as delegate those nodes which will verify correct performance or non performance, again for an additional "fee" in the form of additional assets staked.

Dumbed down enough for you?

>>25708483
Holy fr*ckin esl batman

>>25708483
do you want to tongue my anus explicitly or implicitly?

>>25708999
checked and no

>>25708999
Checked and 999eoy pilled

Why is the price dumping doe?

>>25708654
I would honestly love to know where your pay comes from. Nice counter signal to the fact you're obviously Indian

>>25708999
Yes. So you imply high value contracts are on the line due to explicit staking being released soon?

>>25705136
>claims to be here to spoonfeed
>writes incomprehensible made up shit
fuck off

>>25708999
Nice trips sir. Please provide accurate price predictions for OG Link brainlet that's been holding 50k Link for 3.5 years. I'm getting old, and waiting for my riches before I find the hottest gold digger I can to impregnate and give me a heir.

>>25708913
Food stamps are fuckin based, fuck you faggot bitch.

>>25708999
>>25708483
>>25705136
>>25708093
The only issue is the video is from like June of last year. It isn't new.

>>25708483
Supply will be reduced we know that. By how much is not clear. Also supply increases dimishing the effects of staking on price to a certain degree.

The high time preference of newfags who bought the link meme without understanding the underlying mechanics and long term play is remarkable.

Did zoomers not get assigned the tortoise and hare story in elementary school?

>>25710230
>https://twitter.com/SergeyNazarov/status/1347385865195069441
Did you happen to take a look at the date of the tweet? And the fact that it's from Sergey's own rarely used account?

>>25710431
I have not seen sergey posting somethink that has not been announced yet.

So you think im/ex staking will moon link hard?

>>25710431
He's just quoting himself from this video: https://www.youtube.com/watch?v=ufVyX7JDCgg&t=2453s

Which is from June of last year.

>>25710431
He posts a few times a month retard

>>25705136
>bullish
>VIOLENTLY CRASHES

>>25708483
Do you know how well that hackathon/job event went in October? Do you think devs are ready for the construction of the railroads?
Also, when is OCR and T sigs gunna get released?

>>25708093
Sir this is a McDonald's bathroom

>>25708483
You are viewing this completely incorrectly. The last few weeks have proven we are in a completely new ball game. Everybody lowkey knew that BTC was going to hit 50k+ at some point in the future. Some would argue late 2021 to mid 2022, some end of 2022 to mid 2023, depending on which side of the extended cycle debate you were on.

What is happening now is unprecedent in that bitcoin is ahead of all time projectiions and by a lot. It's all over the media and other boards as well. This changes the game completely. The old idea of a cycle with "organic" growth and decreasing BTC dominance is kill. All money is being flushed into BTC at explosive rates and only few alts are able to keep pace. When the rug gets pulled and it will get pulled, you shouldn't be surprised to see complete collapse of altcoins. The fact that Chainlink is one of the handful coins who has managed not to pump at all in this market is incredibly concerning to the point that it could signal the end of it when BTC dumps. This has only been reinforced in my mind by weird organization behavior such as massive increases in employee sizes when they don't have a single paying customer and no confirmed working relationships with non-meme literal who scamcoins.

At some point LINK looked like the best hedge to gain the biggest gainer of the upcoming bullrun. But that is no longer the case, the environment has changed fundamentally and LINK is looking like one of the weakest hands out there.

>>25710685
you are either retarded, a jew, or a nufag. Probably a newfag if you feel the need to still FUD. Priced out of a make it stack

>>25710510
1:45
https://twitter.com/SergeyNazarov/status/1347386225963921409

Link nodes stake 10k-1mm link for default node operations to be considered for most jobs
Link nodes keep a fund of $100k-$100mm as collateral to allow participation in higher fee jobs requiring service agreements (explicit staking)

You tell me

Chainlink has a scaling limitation due to how gas heavy it is to report on chain.
Chainlink is developing and ACTIVELY TESTING technology (offchain reporting with threshold signatures - offchain reporting is live on mainnet right now) which will allow nodes to communicate and cryptographically report a single answer to eth.

This will result in a ~ 1500x savings in gas.

Once Chainlink can scale, staking becomes a more apparent and necessary feature as the usecases for oracles become unlocked once removed from their bottleneck of relying on ETH1. Overall you should be buying link right now especially if you're sub 1k

t. Ancientfag who kinda knows what he's talking about

>>25710785
>responding to pasta

>>25710597
But the tweet is from today.
Are you legit retarded?

>>25710625
On a board filled with high IQ autists none of them can even be bothered to watch that let alone understand it. You think most institutional investors have caught up? Nah. And certainly normies will be last except the few based third world retards (actual retards) on twitter who stumble into shit they don't understand and just eat the hype up and never let go.

>>25710953
He likes to periodically repeat things he's said in the past.

>>25705136
>CL
noob here. whats CL?

>>25710685

Back to r/bitcoin

priced out literally dumping rn it will be priced in eoy

>>25710934
Hi Ancientfag, hope you're having a great day!

>>25710986
craigslist

>>25710981
Not on twitter.
In the past, when he tweeted vids like this they were new.

>>25708999
checked

>>25711139
Really? Because I just looked at his tweets from the past month and he tweeted this https://twitter.com/SergeyNazarov/status/1334701670308093953

Which links to a video from August.

>>25710934
Is never selling a meme? What will be a good APY estimate for retail staking?

And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves
Matthew 21:12

>>25710986
Child lovers.

These threads are so childish. Stop thinking your going to "make it" with your 100 or even 1000 link. Get the fuck outta here.

>>25710807
Anon thanks for the posts but now answer me this
Based on some crumbs I’ve found, they are going to use chainlink as the price solution for the Bitcoin etf
Could you comment on this?

>>25705136
Why did you link a video of Sirgay jerking off to gay porn? I'm selling 100k because of you

>>25708483
shadow staking?

>>25707255
I made this

Just opened a 20X long LINK LETS GO

>>25710807
it means the current token valuation is a few orders of magnitude too high

>>25705136
Sergey decided to reduce his implicit stake by 1 million tokens today.

>>25712130
Implicit stake
Explicit (bagholder) rape

What does all this mean? Like why has link been crabbing at $10-$15 for the past year. When can we expect some steady gains in price?

>>25711236
It's not a meme, and nobody knows. Most people here, and especially the thousands of newfags who have been shitting up this board for months now, are incapable of comprehending LINK and what it has set out to do. Those who are patient shall be rewarded.

>>25712130
Lmao

>>25705136
You’re overthinking this. The only reason sergey posts this about staking is to try to get the SEC off his fat ass. He has to spin the narrative that it’s not a security so they don’t get anal fisted by the SEC. This is the same reason why they have bots spam “I want my token to be used in the chainlink network one day” on their Twitter posts, because if anyone says that they bought chainlink with the expectation of profit via staking, then they are classifiable as a financial security, and chainlink will go the way of ripple.

>>25712540
Mongoloid.

>>25712344
You should honestly sell.

>>25712130
kek'd

>>25712619
I don’t want to sell, I’ve made too much money on this and want more of it. Literally just give me a timeframe of steady gains.

>>25712698
Fuck off.

>>25705136
>Tell me why this means 1000eoy is fud

>>25712130
this post is better than all of OP's drivel

>>25712130
top kek

>>25712589
No u

Great thread OP, I think one feature of the core software often missed are order-matching contracts that will likely be used in earnest after TS networking is live in February. That's when the scale really begins.

>>25713016
LoL.

>>25713467
>TS networking
Could you elaborate please? What do you mean by TS?

>>25710685
I got cold all over me reading this shit. Full of buzzwords and no substance. You sound like some roastie whore who read 1 or 2 books on crypto and just parroting shit from MSM

>>25713467
>order-matching contracts that will likely be used in earnest after TS networking is live in February
Could you elaborate please? Why February?

>>25713606
>>25713698
read the fucking white paper

>>25705204
There was that McRib review video he did.

>>25705136
>There's been zero discussion
maybe because there are smart people who sold at $20 and nobody cares about what youre saying? maybe consider that next time you make a shitty thread.

>>25705136
Opinion on YFL?

>>25714077

>>25705204
its an open sourced project you fucking retard you can literally see the progress yourself. but youre literally too dumb to do that.

>>25705136
Implicit stake refers to stake you have in the valuation of link increasing. Explicit staking refers to staking collateral on a node. Stop being dumb and learn to read.

Singularity.
More jobs, more nodes, more colateral, finite link supply, less link per nodes but more $value per token.

>>25708999
holy shit the word salad is real in this post. bunch of buzzwords lol

>>25705136
EH GUYS

>>25713974
I read it in September 2017, before going all in, still doesn't respond why February you fucking faggot

>>25712582
And by that you mean up 40%

>>25712130

>>25714459
these crypto scams are popping up everywhere again lol

>>25714459
IS THIS WHERE THE 500K DUMPS HAVE BEEN GOING? SERGEY NO!

>>25711389
1000x1000 is 1000000 friend

>>25708913
Hey unc hows the internet personas? Thanks for convincing me to buy 50k LINK
Biggest bull signal there is when you show up
You're still a raging fa ja faggot I'd kill with my bare hands were we to meet irl

>>25714967
Fuck I remember those ahahahaha

Sergey stop posting on biz and dump more tokens