/biz/ - Business & Finance

>>27569171
So much 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 and 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

DO NOT BUY THIS SCAM. SERGAY IS DUMPING 1.5 MILLION LINK EVERY WEEK

>>27569171
It’s shilled into the abyss with no real short or long term promise. Buy Cardano instead.

>>27569171
You are already 3 years late. Buy as much as you can or shut your whore mouth up

>>27569271
>>27569286
>>27569300
the shills are out tonight. we are getting pumped tonight arent we?

>>27569271
Damn, decent FUD. Hard to FUD a project of 9B mcap though but notbad at all

>>27569171

Link holders are absolutely delusional.

Link is the perfect normie coin. It's got a cool logo, it's $300/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

>>27569171
It’s not a game changer and the token is not needed for anything

>>27569171
token not needed

>>27569271
Thanks anon, that's a pretty good info. It seems many of these project hasn't made any real-world use, so it seems suspicious (much like many tech start-ups).

it's over. the price cannot mathametically sustain over $24 so i suggest you sell now while you can.

omg please keep fudding
Im almost done accumulating then we can blast off

>>27569171
Sergay betrayed the token, the token is pretty much useless and not needed

>>27569836
I haven't bought any, but with the gains I made from btc/eth, I figure I can find another crypto that seems promising in the long run.

>>27569171
If you think (((wallstreet))) and (((naked shortsellers))) are manipulative and evil, wait till you find out about how chainlik is 10x worse

Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after this mini pump. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 3900%increase in price over the next couple of months just to regain relative says value to BTC this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over, it's a 4chan meme to siphon money out of the hands of the already vulnerable. DONT BE ANOTHER VICTIM

>>27569271
god i wish people would FUD grt like this

>>27569271
thanks for letting me know man, I almost bought some

>>27569171
can't wait for this piece of shit to price correct to 0

>>27569822
You just replied to pasta. If ethereum didn't need chainlink or oracles, it would already be accepted for mainstream use as a settlement layer by now. But ethereum can't scale, or communicate with the outside world. Crypto needs chainlink, it's not just ethereum. DeFi wouldn't exist as it is without chainlink, and the future of DeFi will be dependent upon chainlinks development. Also chainlink is blockchain agnostic, saying it's eth based is flat out wrong. Any other blockchain could take the 'lead' in the blockchain race, and there oracle provider would still end up being chainlink. Your assertion that chainlink needs ethereum is like saying the internet needs Apple or Microsoft.

This is exactly the type of capitulation you want to see before a run, great time to take profits on 5x Defi coins after the last month like $UNI $SUSHI $1INCH into this Dino coin.

The LINK marines are retarded fucks but you’ll respect them when they pump your bags 30% here while BTC/ETH make their respective runs.

>>27572147
Look man it's been years the token isn't needed since staking was a pipedream. For now it's an overpriced (and subsidised lmao) price ticker. Everything in crypto has been all hype and no delivery, look at btc as currency and eth for smart contracts that never came to be

>>27569171
>aside from the price
leave this place

>>27569286
Dumping it consistently every week is just DCAing out. The shitty thing to do is what F2pool is/was doing with Bitcoin. Dropping 30,000 BTC over the course of three days is shitty

>>27569271
>18 people next to the public toilets
i heard sergey came out of the toilets with a big mac wrapper before he presented

>>27572608
Ironically, links price stems directly from its usage. Look how much value link already secures in DeFi, and 1.0 isn't even out yet. Pure cope. Saying it's only a price feed and therefore useless is retarded because defi projects are still interesting paying (nodes) to use them. Price feeds underpin the entire defi ecosystem currently. The price will continue to gradually rise the more chainlink is developed and its usecases expand. Price feeds were only just the beginning. Can't wait to see what happens when link nodes will handle arbiswap traffic on significantly reduced gas fees :) (which is also again ironically when they will cease to subsidize the nodes). Few understand

>>27569271
Dude shut up if you leak all this info to the Reddit newfags they’ll never buy, some of us need to unload our bags

>>27569171
link is a fucking scam. people on this board will shill it relentlessly trying to make it seem like it's some sort of genius investment
in reality they're a saturn cult holding onto a dead dream
eth can do everything link does
"neet nodes" will never be a thing
the founder is constantly dumping his bags
tl;dr it's a midwit trap and a slow motion rugpull
stay away from this token unless you just fucking hate money

>>27569625
wew

>>27573046
No I understand exactly, your post is just meme words DEFI DEFI WAIT FOR 1.0 OH THE USECASES BRO it's been over a decade of crypto at the best use case was silk road itself about a decade ago. Yeah I get it you know there's a bunch of reddit retards ITT and you wanna pump your bags. I'm bowing out of this conversation any another anons I'd just say be careful before throwing in your money into another scam coin (remember top 10 means nothing look at the top 10 now since 2017)

>>27573735
Can't tell if this is a new pasta or you're just retarded.. probably a new pasta

Listen up newfags, I'm a tcp ip developer at a fortune 50 big data company with 25 years experience in database infosec, I've looked into chainlink and all I can tell you if that the cryptographic measures implemented in regards to the decentralized security paradigm in the API and IoT structure of chainlink's github code is fundamentally flawed after the Pivotal tracker server crashed due to the core attacks on the network enabled by its corrupt data inputs and outputs, what this really means is that by attempting to solve the oracle sybil resistance issue it instead allows customers to bypass the encrypted hardware and even hack into the smart contract Intel SGX mainframe, unless they manage to increase the signatures and scalable nodes, which isn't likely considering the Google backend isn't compatible with the legacy JSON systems and Solidity language from the EVM in the Truffle stacks, that's why the ic3 and SWIFT engineering teams developed the ISO 20220 standards but it's centralized and susceptible to the 51% front running program so yeah basically Sergey didn't foresee that the enterprise customers and cloud blockchain dapps would never allow their protocols to rely on these permissioned host mechanisms thus rendering the LINK ERC 677 token obsolete and no serious developer would consider DLT technology in these conditions, sorry linkies I'm just telling it how it is.

>>27573934
kek, you had years

>>27569508
This is old copypasta fud. Seen it a hundred times.

>>27569657
Same with this one.

>>27570418
This looks new to me though

LINK holds more value than the top 100 altcoins combined (minus ETH). Once you understand the concept and its usecase well enough, you'll understand and agree with that statement.

>>27573934
This was good. Thank you, I literally keked

>>27574168
Professor Jeremy Byzantine from M.I.T. said that this is the first crack that indicates a “high likelihood of a tremendous digital structural collapse”. He commented that he expects the chainlink blockchain to be strained with a heavy load for 2-3 weeks. If the code base isn’t fortified, “the entire blockchain will simply collapse”, says Professor Byzantine. Crypto enthusiasts on Reddit have likened this to the terrorist attacks on Capitol Hill that happened earlier this year, saying that the democracy of chainlink must be protected.

>>27569171
link is literally just a json parser with a really small dev team trying to milk hard-earned money from idiots who don't understand that the token isn't meant to be valued much above the price of a cup of coffee
xrp, on the other hand, is definitely the standard
which is why i am all in, and you should be too

>>27573046
nufag you're replying to someone who holds way more link than you

>he didn't buy shadow linkies back in the day

>>27569271

This. Token literally not even needed.

>>27574381

>looks new to me

Is this bait, its one if the most spsmmed oldest pastas. Faggot

https://www.youtube.com/watch?v=Ff02mApjDbE

>>27569171
Link is this memecoin /biz/ has been shilling since 2018 or even earlier, and looking at the stats, have been quite good at it.

>>27575826

>>27569271
Out of curiosity, what coins does an anon such as yourself endorse, if not link?

>>27575719
SHUT UP, WHORE!

>>27575916
I count my blessings every day that I fell for the LINK meme. All in since 2017. From a few thousand to half a million from buying a funny toilet flushing meme coin.

>>27576028
He is a Linkie you retard
Pic related

>>27569657
Sergei betreyed us all, we were supposed to be in this together

>>27576028
You must be new here. Please take some time to browse the catalog for a few years so you can understand the culture we have cultivated here on 4channel formerly known as 4chan. Have a good evening and enjoy your stay, remember you are here forever.

Scam coin. Steer clear street shitters

>>27569171
https://vocaroo.com/1lmkXzAOYAlX

It's the perfect psyop for normies and subsequently OG link marines to dump on them. WHATEVER YOU DO, DONT BUY LINK

>>27576042
https://vocaroo.com/1kufootVjejP

>>27576590
>>27576738
You're just jealous.
You may not like it, but this is what peak performance looks like. (pic related)

>>27574381
Why do you have to ruin the fun, damn nigger

DONT FALL FOR THE CHAINSHIT SHILLING ITS SCAM THEY WILL DUMP THEIR FAT BAGS ON YOU GO BUY XRP ITS A REAL BANKER COIN

>>27569171
its a cis gendered coin that you need to stay away from or else you will be supporting white supremacy.

>>27569171
>Who was behind the NXT SCAM?
>Who offered to buy and sell HOUSES in the early ages of BTC through smartcontracts.com? (domain registered just days before Nakamoto paper)
>Who founded teams in Russia and Eastern Europe through QED Capital?
>Who made false claims of alliance between Chainlink + SWIFT?
>Who set up all his business in the Cayman Islands (including Chainlink)?

Chainlink is a sophisticated scam created by Sergey Nazarov.

>>27576590
>>27576738
How do you make yourself sound like a girl
Please help me ;_;

>>27569625
Not buying your bags stinky

>>27578138
no

>>27569171
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.
Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.
'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.
The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

>>27569171
We
Are
All
In
Awe

>>27569171
Can jannies please for the love of God RANGEBAN ALL CHAINLINK SHILLS? WE'RE TIRED OF YOU FUCKING SHITTING UP THE BOARD GO AWAY YOUR SHITCOIN IS THE BIGGEST VAPORWAVE PROJECT IN EXISTENCE FUCKING ADA DOESN'T EVEN COME CLOSE

>>27570108
https://www.youtube.com/watch?v=Ff02mApjDbE