[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 135 KB, 1200x631, 960779C6-1720-4D03-9EB2-8A9AC39F94D7.png [View same] [iqdb] [saucenao] [google]
27756027 No.27756027 [Reply] [Original]

Word in the private discord group is that Chainlink Labs is planning to pivot as a DAO, with LINK getting re-purposed as a governance token while the nodes will be staked with USD denominated stable coins, both to avoid volatility and friction for enterprise customers and to comply with upcoming SEC guidelines/avoid being labeled as a security after the XRP debacle. Insiders and early VCs like Framework Ventures who used to be big believers in the project are now exiting their positions and have been dumping their bags OTC.

>> No.27756157

>>27756027
Is that why the price keeps going up?

>> No.27756184

Nice. Just bought 100K stable coins.

>> No.27756297

Which mean buy more it will have more implement in trading shitcoins around as it's master.

>> No.27756319

>>27756027
did they say how they plan to replace erc677 functionality?

>> No.27756365
File: 33 KB, 640x404, k1h9yydrpqe61.jpg [View same] [iqdb] [saucenao] [google]
27756365

>>27756027
filthy Melvin, you'll never get me to sell my LINK
diamond hands!!!

>> No.27756477

>>27756027
Thanks, sir. Just sold for the superior mobius.

>> No.27756557

>>27756027
thank you sir just sold for XSP

>> No.27756680

>>27756027
>Insiders and early VCs like Framework Ventures
>are now exiting their positions and have been dumping their bags

We're literally hours away from a new ATH my dude.. stop smoking whatever that shit is

>> No.27756778

>>27756027
yes, and the price of this stable coin will be $81000, check em

>> No.27756863

>>27756027
Thanks for the warning. I sold all my stablecoins. I should be safe now

>> No.27756868

>whales are only buying otc so the price of link will never go up
>whales are all selling otc so the price of link will dump

>> No.27756898

>>27756778
so close

>> No.27756942
File: 11 KB, 225x224, fuck.jpg [View same] [iqdb] [saucenao] [google]
27756942

>>27756778
curse my slow interwebz speed

>> No.27756977
File: 578 KB, 888x894, D979D635-4196-4A74-9E8E-039CA74E490F.png [View same] [iqdb] [saucenao] [google]
27756977

>>27756027
I just got a pm from the discord admin. They actually decided to go with the original plan, and use link as intended.

>> No.27756982

>>27756778
oof

>> No.27757143

>debacle
SEC will not win that case and the precedent will be set

>> No.27757317

>>27756977
>25 LINK

WHALE ALERT

>> No.27757355

oh no, my 20,000% gain "bags" someone pls send help

>> No.27757587

>>27757317
That wasn’t the picture i uploaded. 4chan mods trying to fud. Check em still

>> No.27757662

>>27756778
CHECK AGAIN

>> No.27757671

>>27756977
Confirmed

>> No.27757828

>>27756027
Funny, Not the first time I've heard this.
Was talking to someone in the industry who works on Oracles (Not on the Chainlink team). His prediction for the token was that the team was probably going to move it into a governance token.

>> No.27758747

>>27756027
Wouldnt this be awful for the price of LINK?

>> No.27759958

>>27756027
Sergey would never do this. His profits from dumping millions of coins would be shot.