/biz/ - Business & Finance

It is because the nodes cost 2000 ETH to run yesterday while only generating 500ETH worth of LINK without layer 2 link is doomed but I believe it lowers security to a degree.

>>28387094
Hopefuly this stops, I want my linkies to flourish :(

>>28387094
>Same happened with ETH for a long time, and look now it's used everywhere
I wasnt here when eth was a 2 digit shitcoin but can any oldfags confirm?

>>28387250
what a shitshow

>>28387250
lol remember when they shills would say achtually its blockchain agnostic

almost above 28 dollars, whales are having trouble suppressing

>>28387250
>without layer 2 link is doomed
You mean ETH is doomed, you absolute retard lmao.

Set a limit buy at 25.5 yesterday morning, dipped down to 25.7 and now its rising. It was only for 100 linkies to add tp my suicide stack , but still sucks. now i dont want too buy at a higher price but i dont want it to dip

>Linkies singing 1k eoy for 3 years
>still sub 28$
>everything moon apart from link
Why are linkies so fucking retarded?

>>28387445
I hope this fucker shoots to the stars and then big Serg is going to have a real probelm paying the nodes. would they shut down link trading? would sergey do the biggest dump of them all?

>>28387294
look at the charts since arthur added it on bitmex and fudded it for almost 2 years

>>28387382
It is.
It's just that ETH is the most popular Defi platform.
For now.

>>28387094
>someone

>>28387382
it is, in the sense that it can be used all over. but to run it yes you need ETH. but thats like saying a car is n ot fuel agnostic because you can transport anything in it

>>28387565
you can't transfer a link token on those chains

>>28387622
Never heard of wrapping?

>>28387594
>>28387594
yeah this is a bit what I mean. LINK is used, it exists a link to smartcontracts.com in that book which I have myself, Sergey is one of the richest AND most experienced in this space, he talks everywhere and so on.

It's like silver

>>28387622
Link token transfers are separate from oracle computations.

>>28387651
oh so everything is blockchain agnostic?

>>28387683
Anon, oracles work off-chain by design.
The Link tokens are for node compensations; the actual base layer for the smart contracts that use the oracle data is almost irrelevant.

>>28387557
>I hope this fucker shoots to the stars and then big Serg is going to have a real probelm paying the nodes.
I've seen this posted several times now. How would that even work? What is currently ass raping LINK are the insane gas fees. With Chainlink appreciating in value, this would make it easier for Sergey to subsidize the gas fees the nodes are racking up. What am I missing here?

Link will operate with the cardano oracle system and I think will be very good for both link and ada https://www.crypto-news-flash.com/cardano-hoskinson-outlines-how-developers-will-foster-oracle-adoption/

>>28387094
The real reason chainlink isn't mooning is because Allah is suppressing the price, because he doesn't want the jews to use chainlink to enslave the muslims.
This makes chainlink an absolutely haram token to hold.
As a muslim man who finds pregnant Sergey attractive I am holding my link stack with iron hands but I understand what I'm doing is haram as fuck, so I will donate a part of my gains to ISIS to get allah's forgiveness (pbup)

>>28387682
>>28387756
nodes are paid in link
ethereum can't scale to any level of real world use, it's developers admit it

>>28387094
>one of the few REAL USE CASE COINS that powers a 10B DeFi ecosystem

You talking about UNI?

>>28387683
>oh so everything is blockchain agnostic?
Well, no. You can wrap Bitcoin on Ethereum for example (wBTC) but all that gives you is an ERC-20 token that is tied to the value of BTC. You don't get any of the characteristics inherent to BTC.

For LINK however this doesn't matter, see: >>28387756

>>28387826
The node payments in Link are a tiny fraction of the traffic generated by Chainlink.
If only the node payments happened through ETH, the transaction costs would be almost negligible.

>>28387826
>ethereum can't scale to any level of real world use, it's developers admit it
Which is precisely one of the reasons why Chainlink is blockchain agnostic.

>>28387846
fucking idiot no, im talking about that link price feeds are on uniswap, sushiswap, 1 inch and more

>>28387094
Or, ICX and the others have potential and link has maxed out.

>>28387662
>sergey wah wah
Linkies have not yet learned how to embrace their Schwabish roots. And I think we are going to be part of the throes of that transformation, which must take place. Link is not going to be the monolithic sergeyposters that they once were in the last decade. The Schwablord is going to be at the center of that. It's a huge transformation for Chainlink to make. They are now going into a Schwab mode, and schizos will be resented because of our leading role. But without that leading role, and without that transformation, Chainlink will not survive.

>>28387544
BAT token started roughly at the same time. How's that going?

>>28387956
>the entire worlds data and derivative system will run on link
>If only the node payments happened through ETH, the transaction costs would be almost negligible.
choose one

>>28388070
>link has maxed out
lmao

Link's limited mainnet is confined entirely to Defi only.
The real potential for Chainlink (and smart contracts) lies in automating the financial world: insurance, loans, securities, derivatives, ...
That's what Swift, ISDA, WEF, ... are interested in.

You have no idea what's coming. Not a clue.

>>28388156
lmao you seem to see a contradiction in there for some reason.
Read the whitepaper and lurk more.

>>28388296
>chainlink whitepaper
standard deviation
no reptation system

>>28388070
how many tx does icx have and how much value in smart contracts that depends on it?

>>28388411
Hey, if you're ok with being a completely clueless pleb, that's fine by me.

>>28387094
WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

EVERYTHING IS ENERGY AND VIBRATION
ATTUNE YOUR VIBRATIONS TO MATCH THAT OF MONEY AND IT WILL FLOW TO YOU

>>28387445
Dude it gets shut down EVERY SINGLE TIME it attempts to go above 28

>>28388433
How many government backed projects utilise chainlink?

>>28388511
A couple.

lol

>>28387769
This, just smells like the latest incarnation of braindead FUD. LINK going up in value will literally solve the problem described by these retards.

>>28388511
4 so far

>>28387908
oh so token not needed

Do you suspect the same manipulation is preventing iExec from mooning as well?

>>28387094
Link was propped up by biz memes, now it's pretty much topped out and theres no more money to be made and biz switched to rubic so everyone is selling their bags.

>>28389029
>oh so token not needed
Unsalvageable. Good luck.

>>28388230
Shhhh