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/biz/ - Business & Finance


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26491122 No.26491122 [Reply] [Original]

Link holders are absolutely delusional.

Link is the perfect normie coin. It's got a cool logo, it's 25/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.

If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.

When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made. Just know you stand on 0 fundamentals and in the end fundamentals will prevail.

>> No.26491144

>>26491122
DR;NS

>> No.26491149

>>26491122
chill bro we got a good thing goin here

>> No.26491165

>>26491122
Ok sweetie

>> No.26491173
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26491173

>>26491122
cope and seethe

>> No.26491197

dr;ns

>> No.26491212

>>26491122
you have no understanding of the tech midwit

>> No.26491227

>>26491122
You had several years

>> No.26491280

>>26491122
True

>> No.26491312

>>26491212
not an argument

>> No.26491327
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26491327

>>26491122

I came to this exact same conclusion 3 years ago when I sold my LINK for 50 cents

>> No.26491349

You guys are not even trying to refute what I just posted. You truly are lost.

>> No.26491351

Please make better FUD, I can still see the price rising, dingus.

If you're like me and still building your stack, your FUD needs to be high-calibre.

>> No.26491358
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26491358

>>26491122
This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>> No.26491371

>>26491122
>you sit down, write the code, and you’re done
Okay then do it.

>> No.26491374

>>26491122
It will reach $100+ in a few months because of clown world

>> No.26491395

>>26491122
Chainlink is a data intermediary racket. They are forming a data cartel and forcing the link token to have value

>> No.26491400

Without Chainlink we have no defi. Without defi we have no dapps that are worth using.

>> No.26491405
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26491405

>>26491327

>> No.26491424

>>26491122
Top 3 by MC will be BTC/ETH/LINK by eoy

>> No.26491449
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26491449

>>26491349
>you guys are not trying to spoonfeed me info that is widely available and that i'm too lazy to look up. therefore, i will seethe instead.

>> No.26491452

>>26491122
DR;NS

>> No.26491494

>>26491122
this is bullish

>> No.26491511

you had three years

>> No.26491566

>>26491349
What are you trying to say?

>> No.26491600
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26491600

>>26491122
>a JSON parser with some voting mechanisms baked in
2018 FUD

>> No.26491668

>>26491144
>>26491149
>>26491165
>>26491173
>>26491197
>>26491212
>>26491227
>>26491351
>>26491371
>>26491400
>>26491424
>>26491449
>>26491452
>>26491511
>>26491600
cope

Not a single person ITT can refute any of the points made in the OP. Truly Astounding.

>> No.26491692

>>26491668
Rubic

>> No.26491723

>>26491600
Who’s Jason Parser?

>> No.26491797
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26491797

>>26491668
>Not a single person ITT can refute any of the points made in the OP. Truly Astounding
>Source on that?
>Not an argument
>Logical fallacy!

>> No.26491851

>Link is the perfect normie coin. It's got a cool logo, it's 25/coin, and "muh oracles" is just technically sophisticated enough for normies
OP is actually right about this. LINK is going to be the XRP of this run and that’s a good thing.

>> No.26491940

>>26491668
I can't refuse them but because I didn't read them.

>> No.26491951

>>26491797
not an argument

>> No.26492007
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26492007

>>26491951
>not an argument

>> No.26492078

>>26491122
>It's not something you need BILLIONS of dollars and YEARS to develop.

Its amazing people still don't get it or maybe its just purposeful FUD. LINK is monetizing trust between entities and contractual agreements. This is why the network is worth billions and eventually trillions.

>> No.26492098
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26492098

>>26491122
So did you sell?

>> No.26492193

>>26492078
>LINK is monetizing trust between entities and contractual agreements.

Chainlink isn't doing shit. That task is left do Oracles and Oracles don't need Chainlink or the Link token to exist.

>> No.26492251

>>26492007
also not an argument

Is the OP so scary Linkmarines just pretend it doesn't exist?

>> No.26492367

>>26492193
The piece of paper called the us dollar has value because the us military forces the world to settle oil (energy, inelastic demand) trades in usd

Hypothetically the chainlink token will have value because the incumbent financial system is forcing its use in access to data via an api.

>> No.26492501

>>26492367
Let me get this straight:

You actually think financial institutions are only making their data available to Chainlink nodes?

>> No.26492549

>>26491358
kek post the one on reddit that says link was created by a scam artist named jason parser

>> No.26492557

>>26492193

I feel bad for you. Its obvious the token is necessary. Not a single enterprise is going to use smart contracts without insurance that the date being used to trigger them is correct.

>> No.26492590

>>26491349
we're making money off it who gives a fuck if we're delusional. you had FOUR years

>> No.26492615

>>26491951
not a real woman

>> No.26492616

Lol this is /biz/ where everyone is a degenerate gambler, they can’t accept their 60x on a literal token-not-needed project for some reason. Delusional.

>> No.26492696

>>26492501
I wrote hypothetically. This data 4th industrial revolution has been coming a long time, they did not expect bitcoin and it has them nervous they may not secure the new racket. The connections link has warrant a suicide stack, look at the wef partners page it's hundreds of the biggest corporations

>> No.26492901

>>26492696
I feel bad for anyone who takes crypto "announcements" and "partnerships" as fact. Like OP stated, they're a branding machine.

But even if that were true the idea that you need Oracles to relay a centralized, private data streams is a joke. The whole point of Oracles is that they're decentralized and can't be manipulated/corrupted. If they're all pulling from the same data stream then just pipe the data stream into the smart contract.

>> No.26492930
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26492930

>>26491122
>that massive wall of text when you could have just said that you're a retard who didn't listen for 3 years

>> No.26492955

>>26492557
>When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care.

>> No.26493007

It is honestly really worrying and pathetic how no one is able to refute this. I am so glad I'm not a part of this cult

>> No.26493074

>>26492901
I feel bad for people that ignore data and miss opportunity. I think link is absolute shit but i have made money off it because im empirical while you are just parroting narratives and getting trapped by semantics to justify your beliefs

>> No.26493247

>>26493007
The lads at >>>/r/buttcoin might be more to your liking. Maybe you can convince them to become rabid no-linkers to.

>> No.26493258

>>26493074
When did I ever say you can't make money from Link? I said Link is shit and has no fundamentals. Big difference.

>> No.26493311

>>26491122
This is why I sold 25% of my LINK position. I'll give it another 5 years before most people catch on. By then I'll be retired.

Obligatory: I hold thousands of LINK.

>> No.26493493

>>26493258
You are a midwit

>> No.26493630

THREE YEARS AAHHAHAAAHAHAAH

>> No.26493789

>>26491122
I see you know nothing. That was some regurgitated surface FUD. Couldnt even throw in a highly technical word? What a waste.

>> No.26493805

>>26493493
Says the guy who derails the technical discussion when he can't counter simple points.

Alright, bud.

>> No.26493834

>>26493789
literally not an argument

>> No.26493851

>>26491122
i'm liking this off brand pepe posting, have an upboat

>> No.26493939
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26493939

>>26493007
>pathetic how no one is able to refute this

>> No.26494070

>>26493805
You will never make it

>> No.26494129

>>26491122
>just technically sophisticated enough for normies to understand
bless your heart

>> No.26494241

>>26494070
Sorry, did a long time ago

>> No.26494296

>>26491122
Bullish

>> No.26495053

New Link holder here.
Is someone going to BTFO of OP?

>> No.26495451

>>26491122
Checked, incredibly based

>> No.26495512

>>26495053
No. The party's over, it was great while it lasted. It's every man for himself now.

>> No.26495511
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26495511

>>26491668
we can we just don't want to

>> No.26495990
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26495990

>>26491951

>> No.26496053
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26496053

>>26491122
>Link holders are absolutely delusional.

You nolinkers have been saying this since $0.25. You could have 100xed and you're going to miss out on the rest too!
Sad.

>> No.26496148

>link will never go above x
>link will never go above y
> YOU ARE HERE <
>link will never go above z

>> No.26496600

>>26491327
FUCKING KEK

>> No.26496627

>>26495053
He’s right. Hopefully no one else finds out

>> No.26496702

>>26495512
>>26496627
I can’t risk it then. I’m selling my link.

>> No.26496782

>>26496053
OP is scary and worse is no Link Marine can refute him. After the bell tomorrow morning I am calling my wife’s son and telling him to dump my Link shares.

>> No.26497946

>>26493007
>I am so glad I'm not a part of this cult
You will be.. you will be...

>> No.26497981

>>26491122
Checked and based

Token not needed

>> No.26498123
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26498123

>>26491122
>starbucks holders are absolutely delusion
>when people wake up to the fact they can just make coffee at home and that starbucks is not needed they will stop buying
>they're just a branding machine and exist solely to pump the price of starbucks

>> No.26498376
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26498376

>>26491668

>> No.26499164

You need chainlink for the oracle to be secure. Your shitty oracles written up in a weekend have already resulted in billions of dollars being stolen while the chainlink network has never faltered even once

>> No.26499732

>>26493007
Welcome to /biz/. My guess is only ~10% of linkfags here bought because of their own research, knowledge .
Other just fell for the meme and shilling and were lucky.