/biz/ - Business & Finance

>>28487523
The real question is: Does LINK's utility as a network and the earnings from Defi serve as an offset to potential market correction in the future?

LINK's tokenomics and its encompassing network effects, not to mention solving scaling via Arbitrum and being able to create some sort of virtuous feedback loop for smart contracts.

Will LINK and Defi alts (the winners and the ones with a strong moat against competition) have a fundamental usecase that is resistant to bubbles and FOMO?

bump

Token not needed

>>28488071
thanks just market sold 100k link

fuck it one more bump

My rebuttal:

chainlink price low

>>28487630
If there's correction due, one ought to remember that Link hasn't pumped in the similar manner as a number of hyper projects have done.
A positive outlook would be that perhaps it won't correct as much either, but who knows, it could have the worst of both worlds, still.

>>28487843
>>28488559
I don't think you can bump your own thread, so here take this one instead.
>I really think that the thesis of decentralization and DeFi is what will make or break this cycle imo. In 2017 crypto was barely functional and only a handful of shitcoins outside of BTC/ETH could be considered, but without access to external data smart contracts were essentially useless.
I totally agree.

Just be careful and sell before the exit scam. Don't become a new generation $NXT marine

Spam filter is being an absolute faggot so i had to make my post an image

>>28488809
So what it comes down to is just whether what is available now, in terms of defi products, can maintain a level of growth that is generally bullish until the "inflection point" of institutional adoption.
You could make strong arguments either way.
Personally, I think that there will be a crash for no other reason that there is too much dumb money on board and the whales want to drain it. When you get ahead of yourself seeing how bright the future will be, you can blind yourself to the fact that short term, for the right people, there is always money to be made in everything dumping.

>2) while retail FOMO and sentiment levels are similar to 2017, today's Defi usecase vastly mogs the ICOs and the steaming pile of shit we saw in 2017 that claimed to have value.
That doesn't mean the market isn't overvalued right now. Retail hasn't pumped DeFi yet, but they absolutely will when they're done with pumping their shitty BTC and ETH clones. Don't get attached to your bags.

>>28488687
would suck to have LINK not moon and still get rekt at the end of the bull but I wont count on it. still have hopes staking, tsigs/OCR and arbitrum will allow for some bullish momentum and stop crabbing.

heres the real question: what happens when smart contracts (beyond the rudimentary defi we see now) really take off, and LINK is utilized? Will it be decoupled from the macro movement of BTC and if so to what extent?

>>28487630
Yes to your question. Trustworthy liquidity is the most important quality in any economy and chainlink + defi will create the most trustworthy and liquid markets to have ever existed. Even staunch, stubborn luddites will not be able to resist the siren's call of machine administered contractual agreements.

This is the end of the age of man by the way, enjoy the transition while you still can.

>>28488809
>>28488951
big dick posts right here

>>28488801
that's a based lambo from Sergey's dad. iykyk

>>28488809
its a very nice take, thanks. To me, it seems that Defi protocols in the next 3-5 years will be very different from the current ones we see today, but im still overall bullish on Defi and LINK as a whole for this cycle simply because all the stars seem to align. I think the fiasco with GME and Robinhood is one, but covid-19 as a whole really accelerated the adoption cycle imo

>>28488955
>Don't get attached to your bags.
Wrong, just don't get attached to shitcoin bags. If I followed your advice I would have sold somewhere in the past 3 years.

>>28489240
I'm not talking about LINK, I'm talking about DeFi tokens

>>28488809
>>28488951
high IQ post right here

>>28488951
>there will be a crash for no other reason that there is too much dumb money on board and the whales want to drain it
yeeeeeeeeeeeeeeeeeeeep

>>28488955
>>28489332

just how much of Defi do you think will survive the coming bear market in the future?

Seems that there are 2 camps:
Those that view current TVL and earning metrics plus first mover advantage as a competitive moat against future protocols (not to mention the composability of money legos)

On the other side Defi is still very rudimentary and we are only on the early stages of smart contract takeoff (if you are bullish on that as a whole), and unironically the hype for some of these protocols are not much different from 2017 alt retail mania.

Will I make it?

>>28487523
most obvious scam in crypto/finance. I'd open options for the price to literally go negative if that was available, 0.00 is a given for chainlink. In this year or the next.

>>28489511
>smart contract takeoff (if you are bullish on that as a whole)
the only reason why I'm bullish on this is because I see no way it doesn't do contracts cheaper and more efficiently than the current centralized contract system, correct me if I'm wrong bros

>>28487523

I think defi is the future but it's too scammy right now with all the food token clones and everything, it's very similar to the ICO bullshit back in 2017. I think picking a bluechip defi like aave or snx alongside with LINK/BTC/ETH is the safest bet in the long run.

as for short term, who knows? I'm tempted to lend some of my LINK on aave to borrow some usd to gamble on shitcoins but the gas fees kinda nullify all the potential gains from there so there's nothing I can do really to sit on my ass and wait

>>28489722
how do we know aave and snx are bluechips?

>>28489511
>>28489626
>the only reason why I'm bullish on this is because I see no way it doesn't do contracts cheaper and more efficiently than the current centralized contract system, correct me if I'm wrong bros
Nah, you're right and you should be confident about being right. DeFi is absolutely inevitable. Sergey is one of the few who understood this from the very start.

>just how much of Defi do you think will survive the coming bear market in the future?
I expect everything that doesn't have an inherent value proposition to utterly collapse. I'm with >>28489722, there are only a few safe bets right now. I would count AAVE, CRV, and probably BNT among them

>>28487523
oldfag here, macro cycles do not matter at all. chainlink operates on its own timeline, it reached aths during crab or straight up bear markets. oldfags have been comfy ever since we realised that we don't need reddit to pump our bags, when the tokenomics play out it pumps to 4 digits even if nobody knows about it. since that point we have been fudding and dragging link through shit just to scare away normies and accumulate more. i'm telling you, i had 50x the dopamine levels when link was dumping from 34 cents to 25 cents, i was literally staying up all night waiting for the coinbase deposit to go through

>>28489875
AAVE is my 3rd biggest position after link and btc and I'm staking it. It's basically a bank/credit card on defi and the interface is user friendly. I'm very confident in AAVE. I'm still researching SNX but it does look promising, haven't bought any tho

>>28487523
There's a real chance this is the last gartner hype cycle and we are not going back down ever again. Respect the pump. The parabola is coming, but at the same time this shit becomes mainstream. When the institutions and nation states are in the dip will be like a stock market dip 30% max. When it comes to Chainlink we should stop thinking of it as an oracle only. It's a middle ware that sits in-between the absolute trustlessness and the real world, it's not only data that can't be communicated between the two. Chainlink does all the other communicating too like computation and identity. Blockchains are data structures and Chainlink and a handful of other projects are all the algorithms that process everything

in the short term its really too risky to do anything else but hold the quality projects imo
hopefully (very egoistically) we get to a macro level environment where defi/crypto decouples to a larger degree from the rest of the market due to more and more people looking for yield producing assets. Ideally, we get a flattening of the price increase and can have genuine value increase from the improvement of the protocols, as well as price appreciation due to bad monetary policy

>>28487630
>>28488809
This is more or less what CapGemini has to say as far as an adoption timeline. I work for PWC and it's what we're told as well. The question is really what to do in the meantime (which I think is the point screenshotanon makes in the second para). It's been clear to me for sometime there is a lot of the roadmap left to go first before the hyperbullish predictions for LINK can materialise. It is nonetheless difficult not to look elsewhere for the time being to make the most of what new money is left up for grabs out here. I feel like LINK's performance is saying this simply isn't going to be our year, however total value locked in DeFi to me is the key fact to justifying any belief in short term upward trajectory.

>>28489989
very bullish post, based and linkpilled.

>>28489722
same im just borrowing loans on aave and hoping to bet on defi or some riskier moonshots. Other than aave and snx what other projects would you consider as potentially important? are yield aggregators a meme?

>>28490039
since you are at PWC just how far along can you tell us about the progress and interest among legacy finance regarding DeFi (and smart contracts) as a whole? Other than the adoption pic you mentioned, how is the enthusiasm there, or are you the only "autist" that kind of gets it?

Very interesting thread and thanks to the high IQ anons for all the spoonfeed and speculation. Let's hope more of these threads and comfy times can last while /biz/ is being flooded with the normies, pajeets and discord trannies with their demoralization against LINK

>>28490244
I don't think yield aggregators are a meme. In addition to those I'd look into AMMs and insurance projects

>>28490039
For me the most important thing is to actively consider the state of understanding of the retail space, and rein in your expectations. When you have a good understanding of the general mechanics of DLT it's really easy to fly way ahead of the pack to the point that your views are almost irrelevant. Like buying LINK in 2017 expecting to get priced out by demand very quickly.
Most of us in this thread can see that the mathematical guarantees of DeFi are better than anything tradfi can offer, in a fundamental way. But the vast majority of new money coming in doesn't actually understand that at all. It has taken me literally years to be able to wind back from a turbo-bullish attitude, and understand that sentiment can still go to near-zero in a few months of red candles, regardless of what has been built so far and how useful it is.

>>28488809
While I do agree that Defi is majorly disconnected from btc and 2017 alts, It's price action? Not so much. I think the majority of this space still sees BTC as the reserve and primary indicator of health of the ecosystem.

>>28490483
regarding AMMs I haven't been able to pick out a winner among them hence Im not confident in my picks.

I'm looking closely into yield aggregators and structured risk products (related to insurance) such as tranching protocols (e.g SFI and Barnbridge).

Insurance projects on-chain to me is still very far behind the current development of Defi, not to mention parametric insurance and its only development so far seems to be Etherisc (that I'm still not decided on)

>>28490531
yeah i dont think we can get around btc as the market leader until we have staking/actual yield curves

BZB +1

>>28489989
cringe

>>28490376
The fact is in consultancy there is a lot of midwittery and a great deal of focus on business relationships. There are the technical wizards too but they are seriously just left to do their own thing and the firm's competitiveness sort of sinks or floats off the back of their diligence. At large, there is mostly ignorance towards this stuff. For those remotely familiar with the landscape or tasked with automation responsibilities and portfolios, this stuff is spoken about like the inevitable revolution we all see it as. Have never heard clients mention these things but that could be for a range of unconcerning reasons (e.g. local industries).

>>28490526
This is exactly right. I do however try to have a strategy representing a responsible balance of technical and fundamental. I can't switch off opportunity cost. It is difficult being relegated to a spectator. If we all accept these things have a medium term timeline, perhaps we should put our money where our mouth is and snort some more risk for the time being.

>>28490618
I'd go for the most generalized. Something that's not a specific project, but more like a tool or a very customizable platform. There is another project that does tranching and parametric insurance, tether solvency insurance is an interesting product they have. Don't want to drop the name since this isn't only visible to you or other anons in this thread lol

>>28491157
You mean Opium?

>>28487523
There were plenty of genuinely good companies that dumped like everything else when the dot com bubble burst. Keep that in mind. The same way that the end stanges of a bubble are filled with euphoria, the way down is filled with panic. Nobody will be thinking about how great chainlink is. It'll dump as well. But it should recover better if it's bringing in real value.
The store of value narrative is a big question mark for me though. It's a narrative that's really just getting going. I really don't know how it'll play out. Depends on a whole lot of real world factors and their timing relative to the crypto cycle.

>>28491782
When is the fucking crash

Tell me

This spring or end of the year?

I need to get out

I need to cash out

>>28487523
>>28488809
that's why I'm bullish on LINK and AVAX (maybe other L1 has a chance but my bet is on AVAX), what's stopping mass adoption has always been the scalability problem. No sensible business would move their operation to Ethereum at it's current state.
Look up how AVAX support EVM (something dev already familiar with) and subnets (a must for compliance and disaster recovery), it's perfect for bringing traditional finance to blockchain.

>>28488951
>dumb money
Keep in mind as the market gets more emotional and fomo driven, reason increasingly flies out the window and you get lower and lower tier investors coming in.
Once the greatest fool has bought, there are only sellers left.
No matter the fundamentals, at this point, the market has to crash.
The only way I see this not happening is if there was no real fomo, if there was a slower, steady rise as network value and utility grow.
Which are we seeing now? My mom recently said she wanted to buy some Polkadot.

>>28487523

Nobody uses STINK. Nobody will use sTINK. STINK will capture 0% of "derivatives" market. You're buying Sergays useless bags.

>>28491838
I don't think we're there yet. We're probably due for some kind of pull back, but it doesn't feel like the top to me. Not yet. Last time, /biz/ was full of threads of people genuinely being angry that their "shitcoin only went up 50% this week." DeepBrainChain went up 8x. That was the top.

>>28491157
>tether insolvency insurance
I still dont know exactly what project you are referring to but ill look into that hint of yours.

>>28492111
i can firmly say for sure that retail is definitely in, from anecdotal evidence and general sentiment across the board and Internet as a whole. Never forget that /biz/ hit ATH in post counts and newfags at the start of the year. Current posts are really appalling and the exact same as 2017 shit tier icos being shilled back to back.

>>28491838
Set price targets and cash out a % when they are reached rather than trying to time the market

>>28488631
>>28489579
>>28489693
>>28492201

also just look at all these "1 posts by this ID" threads. The demoralization and the blatant fud is obvious, and nowhere as creative as the original pasta OGs cooked in the past.

Someone out there really wants us to sell our LINK

>>28492247
>>28492304

I need LINK to hit $30 to cash out rest of my stack (I will leave 50% I will not cash out for like 5-6 years later to just cold storage)

PLease, for the love of god, please tell me $30 is possible

>>28490526
I desperately hope we get another couple years of good bear market. I'll need more time to accumulate to really make it.

>>28492287
Lmao what anecdotal evidence? You work in finance, in the tech side of the industry. Everybody you know and everybody you look at on the internet is probably into crypto. This is not reaching normies on the streets just yet.

>>28489572
how does 890,000 dollars sound in 5 years?

>>28492467
I find it fascinating how many posts like this there are and how much bewilderment there is at why the price is sluggish. Consider how much sell pressure that represents. I think there are simply a lot of people who have been holding LINK for years and who are stuck at some awkward kind of 6-figure-hell ROI. ETH is at 1800. There is a push left in this bullrun and LINK will be dragged along with it. I can't say it won't continue to underperform, but if it doesn't hit $30 soon I'd be shocked.

>>28493076
The thing is that I've already cashed out $250k from Link when it hit $25. I will cash out $300k if we go to stabilize above the 30 mark.

I will be leaving 20k that I do not touch, but that $500k is more than enough for me to just do fucking nothing for the next 5-10 years and just literally wait for smart contract adoption. By 2030 it is WEF estimate that like 20% of the world economy is stored on the blockchain or something ridiculous like that. It's not like I do not believe in Link, its just that 20k should be more than enough for long time hold.

>>28493076
do you ever find it strange that LINK is rank 7 and generally featured across many crypto websites, social media etc, yet by our Marine metrics few seem to understand and get it?

You mentioned that there is still ignorance to this stuff in your field of work.

Its been a few years since the ICO and DeFi is BARELY getting started - were we really that early?

>>28487523
I don't know man I sold all my link when it hit $5 because "this is the top!" 25k linkies gone with the wind.

>>28493214
I'm not reading into what you wrote. I'm simply saying your own situation is sort of reflective of what's going on. I think LINK positions are simply changing as we move through these price levels. Crabbing? Maybe. I guess so. I see it as the price having now established stability at effectively its all-time high for weeks, when the bullrun is still live and BTC hit its own ATH 3 days ago. I think a lot about selling too and price action has frustrated me (see my other posts) but we have still found a decent base from which to multiply. Good luck

>>28493214
Make sure you get interest on that 500k, you could be getting around 50k per year.

>>28493291
I do think few people understand what LINK is because it doesn't fall into the bucket of "ETH killer" or "BTC but faster" etc. As far as how early we are, if you're honestly asking me yes I do seriously believe in a few years we will look back at these prices and these threads and laugh. These evolutions of commerce are simply undeniable in the jungle of competition. Tech marches forward.

Any recommendations of where I can get some interest on my Link? I'm a NEET and I need money but I'm not willing to sell my stack.

>>28493720
based, let's hope we all make it.

t. newfag that almost missed the moon mission

>>28493956
>deposit LINK on aave
>take a loan for stablecoin but ensure Health Factor is manageable and your liquidation price doesn't keep you awake at night
>Put the stablecoin and trade it for Defi Blue chips or shitcoines that will outperform
>Alternatively, put the stablecoin to work and place into a yield aggregator to gain sweet APY

Barring any smart contract risks (AAVE is battle tested) and black swan events/super crashes your LINK is being used as collateral to earn "something" on the side.

ideally your stablecoin borrow APR < farming it/trading for shitcones

>>28493956
Another one to consider might be Bancor and its single sided liquidity pools, but i haven't looked much into it and I believe the capacity for LINK single sided staking has been reached (may expand in the future I guess)

>>28494182
Thanks nibba

>>28488631
its really not you now have a lot more project that focus on the same problem

I posted this a few hours ago. Here it is again.

The trendline on this chart I made assumes a constant rate of growth in DeFi - straight line on a log scale chart. If the bullrun is actually related to DeFi, the growth rate *should* increase. This would have us somewhere above the trend line.

In other words, I think (and the evidence shows) that if DeFi keeps growing at its current pace, we should be at around $100 EOY... But if certain catalysts we are all expecting make DeFi accelerate its growth, we could be way above that. That's what I'm betting my linkies on.

>>28495656
thats an impressive chart, what do you think happens when Bobo comes knocking? TVL plummets? Will LINK follow the TVL trend line?

>>28495656
i have a feeling we are getting another march

>>28487523
TELL ME WHY THE DEVS KEEP DUMPING!!
They can't need 25 million a week for paychecks

>>28496584
Sergey funds node operators with Link. The ETH network is extremely expensive to work with so operators have to sell the Link they're given, this suppresses the price. When off chain reporting, and other solutions, come out this will be diminished substantially.

>>28496511
Agreed.

I get a bit concerned with LINK a because we only pumped last year because of the Nexo short squeeze. If that didn’t happen I have this sick feeling we’d be lucky to be over $10 right now.

>>28488809
holy fuck very based anon

So where should I place my money for that "high yield, low risk" return? What is the best DeFi platform for such a thing right now?

>>28496511
Last march? Why? People aren't as scared of covid being the end of the world like they were lat year

>>28497615
Bancor

>>28497630
i dont think anyone was afraid of covid

Blockchain transactions are irreversible, which means that an incorrect transaction with a DeFi platform or even deployment of smart-contract code containing errors cannot always be easily corrected. Coding errors, and hacks, are common. In 2020, one platform known as Yam Finance quickly grew its deposits to $750 million before crashing days after launch due to a code error. Additionally, the code for the smart contracts that implement DeFi platforms is generally open-source software that can be easily copied to set up competing platforms, which creates instabilities as funds shift from platform to platform.

The person or entity behind a DeFi protocol may be unknown, and may disappear with investors' money. Investor Michael Novogratz has described some DeFi protocols as "ponzi-like."

DeFi is largely non-compliant with Know Your Customer (KYC) and other anti-money laundering (AML) rules.

DeFi has been compared to the initial coin offering craze of 2017, part of the 2017 cryptocurrency bubble. Inexperienced investors are at particular risk of losing money using DeFi platforms due to the sophistication required to interact with such platforms and the lack of an intermediary with a customer-support department.

>>28497827
where did you copy past this from?

>>28497920
>Yam Finance
There are many crypto projects that came into the limelight in recent months that claim to provide better and safer ways for investors to profit. Yam Protocol is one of those projects that experimented in making programmable money. However, it suffered a tragic turn instead.

The problem that plagued the DeFi protocol has negatively affected the crypto space as well. It came at a time when ETH gas fees were soaring, and many liquidity pools were suffering from lower volumes. But where exactly did Yam go wrong?

This is a comfy thread. It's as if I'm back in 2018 /biz/ again. Cheers bros.

>>28496434
Your comment got me thinking; what if Bobo comes Knocking on Cefi's door, instead of Defi's? It certainly seems like a real possibility, and greater minds than mine eg Sergey Nazarov certainly seem to think it will. I know where my money will rest.

>>28498134
If CeFi takes a tumble everything else does too. The market simply isn't mature enough to withstand it.
I'm long-term hyper-bullish on DeFi but we're kidding ourselves if we think it's not going to crash alongside everything else when this cycle is over.

>>28498501
Sure, but it could be argued that at that point, the money will begin rushing into Defi, to escape the hideousness of Cefi. I'm no expert and there's obviously wishful thinking involved on my part, but it would not surprise me one bit if that's what happens. Remember, it only takes a small %age of Cefi to come into Defi to make us extremely wealthy (unless you're not holding anything, but then why would you be here?)

>>28487523
If Sergey is so bullish, why is he dumping now?

>>28498672
If CeFi crashes then everybody who is holding anything at all with tether up so as to be able to buy in cheaper after the crash. This is a self-fulfilling prophecy, it causes a knock-on effect whereby everyone tethering up causes the price to plummet causing even more sells and so on. This is absolutely inevitable simple because everybody thinks it is.
The question is not if but when.
The rebound will be glorious though, Link will not take very long at all to get back to where it is now, and when it does it will be worth far more than the 160k ATH in sats.

>>28498109
cheers im sure many of us would like to have comfy discussions, amidst the mania and the flooding of newfrens plus discord tranny psyops,

The best way is to always start threads, engage in discussions

I dont think the LINK ogs will truly leave this place. We are here forever

>>28499124
Well, for your sake I hope you're right. You sound reasonable. I'm just not prepared to take the risk of selling at any point. Imagine waiting patiently all these years just to fuck it all up at the final hurdle. I have diamond hands and that's the way I intend to stay. Good luck timing the market, anon.

i just woke up from a dream where i was talking to sergey in the back of a car. he said he’s “rolling out the fleet” tomorrow morning.

>>28496434
>what do you think happens when Bobo comes knocking?

I think the abundance of money, and its cheapness (low rates) have investors struggling to find reasonable yields in traditional financial instruments, regarldess of their beliefs about the technology, or fears of inflation.

So when will crypto bobo show up? Interest in crypto needs to dry up for that to happen. Or, there has to be an industry picking up significantly in "the real world". I don't see that happening anytime soon, unless something external (regulation?) suddenly makes crypto a bad place to park money and we'd see a flee towards greener pastures. The thing is, I honestly don't think there are greener pastures than crypto in the "real" financial world.

As of right now, a massive amount of money leaving crypto seems far away. But what about DeFi (looking at it as a subset of crypto)? I have a hard time believing that (assuming nothing terrible like a huge defi pritocol hack happens) capital could flow from defi into a more interesting space in crypto. There is nothing else going on in crypto desu. Most interesting developments now seem to be DeFi related, or at least the imaginable applications tend to be DeFi related.

I think the *quality* of the capital flowing into crypto is way different than 2017. It's not retail. It's bigger and bigger money looking for better yields. I think our biggest risks are external: regulation, hacks. If those don't hapoen, Bobo's influence shouldn't be as dramatic as early 2018.

>>28499382
I'll only be selling a third of my link stack.
I'm not an idiot.
I can't bear the thought of missing out on the chance to double my stack though. If it drops from 30 to 10 it would be such a boon to have fiat to get back in at that level.

>>28499645
Bear in mind that if Cefi is collapsing, then it's likely that something altogether unsavoury is happening to the dollar. You intend to sell a bunch of your Link to buy a token that is tied to the dollar under these circumstances? I'd think that one through carefully if I were you.

>>28498771
That's quite a complicated issue.

On one hand, If the team holds on to too many tokens, the network's distribution will be questioned.

On the other, if they sell what they have, their confidence in the appreciation of the value of the token is questioned.

Serg seems to be a serious dude, with serious beliefs and serious goals. Constantly selling at a steady pace is, in my opinion, a perfect reflection of that, since it manages to find a middle ground between both problems.

>>28498134
It's also just a question of yield, if these mathematically secured system prove to be robust and secure enough and offer a better yield it's not going to be some big ideological question for the traditional institutions. They're just going to go for the better yield. I think some people falsely think the tradfi sees crypto as an enemy or something. Maybe some monetary institutions do, but individual commercial banks will gladly move some of their money into crypto of that's a way for them to make better money

>>28488071
Unironically this.

So many tokens are shilled as if they represent a piece of the protocols value. This is not necessarily the case. No one has explained why the link token is valuable or needed. But then again people are fomoing into governance tokens rn so maybe I’m just an idiot

>>28498501
My stance is we are not going to crash like we used to. Of course hyped shit with no value are but that goes without saying. Legit yield generating (or securing) projects and pieces of the web3 stack won't crash see another 80% crash

>>28487523

Arbitrum is releasing mainnet in March. You have about a month or so until link and the rest of defi pumps so violently that everyone is priced out forever.

1billionEOY

New financial overlords

>>28497717
Nah, people genuinely were at the time because there was very little info, and we didn't yet know that it was literally just a flu. But that doesn't matter, really. The reason markets tanked was because of the martial law lockdowns and economic shutdowns. People still need money, so they have to pull their investments out. Businesses stop being able to generate revenue, their stocks tank, and money has to be liquidated from other markets to cover their margins.

>>28498109
Unironically this, I keep waiting to see the nufags come in as I read but it’s really got those old link vibes

>>28499855
I think you will enjoy this screencap

>>28490376
I also work for pwc mostly with asset managers and a few banks. I can tell you right now that they are so far behind the curve on defi it’s unbelievable.

We will have at least one more manic parabolic cycle after this because despite the hopes about adoption we really are pretty far away from it at an institutional level

>>28500244
And this one as well, it is highly likely to be the same anon.

>>28497717
dude people were literally mass fighting over toilet paper

What is a Derivative? I'm dumb.

>>28495656
Wouldn't LINK bei $300 according to this graph, if the TVL in DeFi increases 10x?

>>28500244
Oh I love this screencap. Haven't seen it for a good while. How it seems to be happening just so. Wtf are we going to do with all this money, frens? It's scary.

>>28488687
Link always weathers the storm and rebounds. So bull could continue, link continues at its usual pace then everything else dumps, link dumps a bit and recovers. Given its track record and the fact it hasn't pumped hugely during the bull.. leads me to hope this will be the case.

>>28500193
im referring to the market not the sheep

>>28489511
>just how much of Defi do you think will survive the coming bear market in the future?
I have no faith in any of them keeping their value in the shorter term of a downturn. Only link.

>>28496765
Absolutely this
Nonetheless, a good thread

>>28496765
Just noticed your post so here's a good one for you:

https://twitter.com/link_hound/status/1359640864105062400

>>28501727
I was paraphrasing that tweet lol

>>28487523
based thread OP. if you havent had a chance to read the transcriptions of the last two sergey talks, it is well worth your time. i have never seen the man so directly telling us how it is
>>>/biz/thread/S27393406
>>>/biz/thread/28228337

>>28501967
thanks for linking the OP, it is also a reason why I started this thread: Sergey himself is hyperbullish on Defi (long term wise), and we see that crypto is now gaining legitimacy as an asset class with Defi offering a semblance of an alternative to current financial systems.

Which was exactly why I asked whether the fundamentals and projected growth of Defi, as well as LINK's network effect would be decoupled or resistant against the current market cycle and fomo. I think some anons here have answered the question beautifully.

>>28501776
then no worries for you fren, I think most of the guys that are in the know about what OCR's impact (and subsequently Arbitrum) are comfy regardless of LINK's current price action.

Unironically zoom out and realize we still hold the best performing asset of the previous bear market. I think LINK will continue to melt faces this year

>>28500531
Answer this you faggots

Cheers for the comfy 2018-tier thread fellow marines

I’m also pensive about a correction, I’ve not bought any crypto for months, much less tempted this time around to FOMO into pumps since in sitting on just barely over 7 figures now.

GRT, QNT, UBT, OCEAN are all things I also hold small bags of, but I have a nagging feeling that many of these alts could just as easily crash to dust when everything settles. Likewise I’m not willing to sell any of my LINK or ETH as they still seems to be the guaranteed industry standards. That being said, the abysmal state of gas fees, lack of industry implementation of smart contracts and so on definitely makes me think this cycle will essentially boil down to another hype cycle, a higher floor to be sure, but still too early for any sort of healthy mooning. I’m in a position where I am working pretty hard at my job guaranteed for another 3.5 years before I’ll have any sort of career freedom (aka finishing physician residency and fellowship) so I can easily wait at least that long. But I wonder if only 3.5 years is enough to start seeing true adoption.

In the meantime I’m dabbling with Celcius (as opposed to AAVE purely because celcius tracks things for taxes for me) and ETH staking so I can at least continue to grow the stacks without committing my additional capital. I don’t know what to do with my pumped bags of other alts in the meantime. Watching them grow is nice but I don’t want a repeat of early 2018 where I forget to ever cash out. ~85% of the seven figures is purely LINK with another 10% being ETH and the last 5% being alts and BTC.

>>28500372

A financial instrument that derives its price from something else, anon.

Options are the simplest one; options let you 'bet' on whether the price of stock goes up or down - their value is 'derived' from the price of the stock you're gambling on.

That kinda thing.

Check the little Investopedia video for it.

>>28502821
not a rich fag like you but i would probably convert these alts into one or two moonshots, or into a stablecoin and put it into those high apy yield stuff (an aggregator would also be convenient).

It would also hedge against something like the market shitting itself and alts being dragged down, your yields might go to shit but you can always withdraw and I think we still have some ways to go before the top

>>28500193
Also it wasn’t literally “just a flu” bro. I work in the ICUs and intubated these people, there wasn’t enough room in the morgue for all the bodies we had for almost a week. Anyone smart enough to be an og LINK marine should be smart enough to not swallow the /pol/ drivel about ronie rona being a just a flu or nothingburger. Agree with everything else you’ve been posting though

>>28503473
maybe you shouldn't have stuck everyone with the flu on a vent then. I'm a clinician too, and the whole thing is complete bullshit

>>28501283
All the other coins are the wiping the floor with your bag of trash oldfag.
I keep a portfolio on blockfolio around to show me where I would be if I held link and I just surpassed it today.
You are nothing.

>>28500531
Nope. TVL at around 300 billion would mean link at around $100. The price of link is on the left axis, TVL is on the right axis.

>>28503473
I work in the ICU as well and you’re either omitting details of the types of people you claim does like their age and on going illnesses at the time or your larping as a student nurse in gen med. it’s literally just a flu.

>>28503473
Kill yourself you retarded subhuman nigger dipshit. It is the fucking flu. I still have to see a healthy person die from it. It's scum like you, that leads humanity to the slaughter house. I hope you take the vaccine and fucking die from it you piece of shit. Corona is a joke and only another piece of the puzzle to complete the New World Order. You fucking waste of space. Learn to think for yourself

What a comfy thread, so refreshing to see this. Also plz take your corona chats elsewhere, neither of y'all will make the other agree.

>>28503473
Covid is fake.

>>28504096
I am anesthesiology critical care resident, nurses don’t intubate ppl bro. And not LARPing, if your your town never got hit hard count yourself lucky. They were mostly elderly yes, the velocity of spread and severity of the course blows the flu out of the water. Are you a nurse or CNA or some other poorly educated wagie? I’ve only ever seen nurses of low iq jump on the bandwagon that it wasn’t such a big deal after all.

>>28504210
>becuase I’ve never personally seen something, it doesn’t exist

This board was ruined when teenagers from /pol/ came over as is this thread now. I’ve had two patients under 30 die from it. And the fact healthy ppl die from
it less mean literally nothing unless you’re illiterate. AIDS, congenital heart failure and literally any pathology that exists is less severe if you’re an otherwise healthy person, does this make getting them a harmless thing? Mouth breathers like you should be gassed

>>28505068
>nurses of low iq
every time

>>28505068
My mother works with elderly. Is it true that they just stop eating and die the next day? Many such cases.

Gonna buy her something nice if linkies hit 100 eoy, ofc.

>>28505068
> anesthesiology critical care resident
I bet my 150k links you’re literally a pca who picked up some lexicon and general jargon wiping up a crackheads vomit and now larps online as clinical

stfu

>>28505068
>board was ruined when teenagers from /pol/ came over as is this thread now
>Mouth breathers like you should be gassed
Do you even realize what you are spitting out here you human trash? I despise /pol/ more than anything you fucking retarded cunt. Politics in general is nothing buy a fucking reality show. But retards like you have still not realized it. You still believe in the government, in authority and repeat what they tell you.
Kill yourself ASAP. You would do all of humanity a big favor.

>>28505068
77 brigade much?

>>28487523
The most bullish case for smart contracts is beig made in the Third World, where the gatekeepers often will fight to the death, to maintain the system. In Nigeria, folks are getting around them, by trading BTC. Smart contracts will be better suited, they will empower a whole entrepreneurial boom. Same in India. That bedrock of a large mass using daily SC will ofset the departure of big money, when the china flu is behind us, and they leave their hedges to invest in the market. Zoom all the way out, in the weekly, the LinkUSD chart, is a series of W's, one after the other. Jan18-Jun 19 ; Jun19 to Mar 20, goot cancelled due to china flu, reenacted in Jul/Aug20, which was why it was such an artificial pump, the Zeus thing ; and now, Aug 20 to Feb 21 , getting ready yet again. Expect 80$ by Spring, 300$ after the next W, and finally, around 1200$, the one after that , mimicking the ETH bullrun of 2017.

bamp.

>>28506911
its a very bullish take and Sergey has always talked about DeFi and smart contracts reducing barrier of entry to trustlessness. When would you see this cycle taking place (in terms of full adoption).

And re your price predictions, what did you factor in wrt the team's releases and tokenomics (for example is this with staking or pure price movement alone?)

>>28508082
On price prediction, i'm just extrapolating the data. Each W is a 4x from the previous ATH , with that caviat than March 2020 happened right when Link was gearing up. Just rn, Link was doing fine, a BTC dump stopped it in it's tracks. The Crypto market obeys BTC. Each BTC cycle has two peaks, when the monthly rsi goes to 95% or something. The first cycle, April 2013, and November 2013 ; the second cycle, August 2017 and December 2017, now it's 89%. Expect the first peak this month or March, from there, we've got four, maybe seven months. There's a good chance we get to 300$, before BTC peaks , But when BTC gets below the weekly 20ma, Link doesn't do so good. Better than most alts, but even so.

>>28509242
are these indicators legit for finding out the top of each cycle?

this is a brainlet qn but whats to stop people from using these charts and then frontrun it and cash out slightly earlier, causing some sort of cascading effect where the predicted price peaks and selling off points are a lot lower than expected?

>>28509732
Why do you think everybody in this board says TA is a meme ? Because it's not. Don't worry, the smart money always leaves quietly for the exits. Always . Everything i said , you can look at the charts, and make up your own mind.

Just posting some more comfiness to the comfy thread as I'm seeing more frustration and suppression schizoing elsewhere.

wheres this rumor about arbitrum coming out in the next few weeks coming from? seen it past few days with no one backing it up >>28500096

>>28510185
will do thanks for the advice

>>28510356
have a welcome to this thread, keep posting more. I'll do my best to bump and engage this thread.

The end game will be to make such comfy threads as often as I can on this board, hope many more anons can pick up on this and we kickstart a new cycle of quality posting and bring back the memetic age of the Marines

I do recall that Chainlink Tonight once talked about the decline of the Marines and biz in general, so let's all try to keep this as best as we can. Godspeed frens

>>28487523
https://www.youtube.com/watch?v=BVUZpWa8vpw Around min.43, SN lays out the case about the Third World i was talking about.

>>28510899
godspeed. off to pump in the gym, will be monitoring later tonight

>>28500244
>>28500304
Thanks for these. This is top tier insight distillation from biz. But even a normal link thread used to be a lot more like this

Anyone who bought into LINK after $10 was way too late to the party. LINK might still go to $60 this altseason, but that's nothing compared to other alts that are already doing 100-300% before altseason has even begun.

>>28510185
Imo TA really is a meme. Maybe sometimes a self fulfilling meme, but anyway. Nassim Taleb has good takes on TA and cognitive biases

>>28511616
Taleb's stuff was unironically the key in a shift of my mindset and helped in cryptoworld.

things like asymmetric bets, hedging against long tail risks (e.g the fall of centralized institutions), and generally adopting an antifragile approach to looking at systems and life. Really cannot recommend his work enough, even though he comes as a douche and spergs about the most retarded things like the IQ curve and muh lebanon

>>28511604
topkek

>>28512222
Bump

can someone tldr the important points in this thread for me, in exchange have a bump.

>>28512774
The TLDR is essentially that Link was always going to be a 4-5 year hold and if that is too long for you to become a millionaire then you can always go join a pump group for the HOTTEST calls of the day

>>28512774
mostly just a discussion on how LINK and DeFi in general will perform in the bear market at the end of this cycle.

Some believe LINK's thesis and value will only jump when enterprise adoption is in which is a long way out

Other say that DeFi is unironically the future and will be fine when Bobo comes

Some say that DeFi and LINK are good but will get rekt when Bobo comes because ultimately fundamental valuation loses out to retail mania and speculative cycles

While others are predicting where LINK will go in terms of utility and adoption, with some anons chiming in with their macro indicators for TA

>>28487523
>>28487630
>>28488124
>>28488559
>>28488800
Holy fuck go the fuck back to plebbit. You cant bump your own thread you fucking dumb niggers

$1000 EOY meme is inevitable. It was set in motion years ago. Will this year be bullish enough for it? Or is it next cycle? That is debatable.

>>28495656
Do you know what risk model cryptoverse uses to asses whether an asset is over/underpriced? Want to make them myselve.

>>28513115
I disagree. If I lost my entire stack today for whatever reason, the first thing I would do would be to beg borrow or steal the funds to at least get slightly back in. My gut tells me we are getting very close to big moves in Link and I want to be in on that. I'd rather buy in and nothing happened than not bother and miss out. Fortunately, I have a lot of Link so it's academic.

>>28491838
Tokenmetrics are talking about early next year and other predictions I've seen have been for the autumn.

Regaring OCR, fetch.ai will implement it in as a core of its protocol, planned to launch in march. So likely to get it this or next month.

Also no one talks about
smartcontractresearch.org

>>28513925
We've already been holding three, I'm just going off ISDA dev timeline. 2022 was always going to be the landmark year, but even these dates are subject to change.

>>28514138
>smartcontractresearch.org

thats a based website and the first thing I noticed was that Eric from Linkpool team was in on it.

A bit too lazy to deep dive through the whole thing, but any important crumbs or stuff that you find interesting there?

>>28510356
This little fractal here will repeat in the log LINK/BTC chart as we reach triple figures soon.

>>28503290
You nailed that in one sentence well done mate.

cheekiness aside it is good to see a real thread on link, feels like the first time in months.

the quality of the board has declined, newfriends with a a crypto memory that goes no deeper than a few months into the past, and the typical tranny culprits

Can I just say we're at ATH?

>>28489126
>the siren's call of machine administered contractual agreements.
aptly put.

I’m really curious how long it is going to take the public to stumble in to DeFi, especially in light of the recent events with GME / general market maker distrust.

when all of the negative sentiment around the stock market started becoming such a hot topic, the only thing I could think was how bullish this is for DeFi.

>>28514800
Here's one during January, guy does some spoonfeed threads every once in a while, think he goes by the name NFCDL

>>/biz/thread/26210691

I am sick

I want to be sick

Because my god is Lucifer

>>28515604
lucifer is based

Can somebody give the story to this picture?

Thanks for restoring the faith, bros. I'm not selling for GRT or any of the hot topic shits.

>>28503473
its been overblown and politicized to the max

>>28516325
Dan Kochis worked his magic on Blythe Masters' feet so that he could establish a relationship with her, if you know what I mean...............

>>28511616
>>28512164
care to name some pivotal talks/books from Taleb?

>>28515134
It'll be driven by the current youngest generation, as they use things like Revolut and don't see the difference between a virtual bank and virtual DeFi from the user perspective.

>>28516780
imo Antifragile covers pretty much everything he has mentioned, but reading his books in chronological order while repetitive kind of shows this overall framework and the sort of evolution of his ideas.

>>28516325
ever heard of credit default swaps?

>>28493956
Nexo

>>28516325
that's a photoshop. this is the real photo

>>28517373
She needs to wash her filthy flippers. What a poor

>>28513240
That's exactly what I said faggot. On some boards you can, on /biz/ you can't. That's why I bumped the thread for him you NIGGER

>>28516325
Dan rubbed Blythe's feet then later he put his Kochis in her Masters if you know what I mean ;) ;) ;)

>>28516702
>>28517083
im considering selling muh GRT for Link

>>28517883
>faggot
>nigger

you're trying 2 hard plebtard

>>28499939
The LINK token collateralizes the node in the case of failure, meaning that the market cap of the ChainLink token should be roughly equal to the sum of all assets that ChainLink nodes secure. That number could reach trillions. Am I wrong?

It's almost as if some big money read this thread. Congrats on the ATH guys.

>>28518057
I DONT EVEN CARE COCKSUCKING NIGGERLOVER
LINK BROKE $30 AND NOW ALL YOU FUCKING DEMORALIZING RETARD BLACKGORILLA NIGGER PAJEETS DISCORD TRANNIES WILL EAT YOUR FUCKIG WORDS AND ROPE
KILL YOURSELF NIGGER

LINK $1000 EOY AND SUCK MY FUCKING DICK NIGGER

>>28518531
TRANNIES USED TO SPAM THIS. WHERE ARE YOU NOW, TRANNIES? SHOW YOURSELVES

>>28518512
probably related to the norm mcdonald twitter post but ill take an ATH break any day.

>>28518531
no need to bother fren, we are always ready to make it

>>28516325
Delet

>>28490618
Nexus mutual has planes for all your me tions i think. There is a youtube video with hugh karp from nexus and sergey, where i heard about it early. But im not really into the details.

Been lurking and unironically wanna make it
>28517011
Is it too late bros? (Not a pajeet)

>>28518266
>The LINK token collateralizes the node in the case of failure, meaning that the market cap of the ChainLink token should be roughly equal to the sum of all assets that ChainLink nodes secure. That number could reach trillions. Am I wrong?

Yes this is correct and why OGs are so damn bullish. I bought in 2017. The token value grows in direct correlation with network growth. What's even more though is that the token value growth ALSO facilitates the network growth because less LINK will be required to secure the same previous value being facilitated in smart contracts. Once the network is matured it hits a point of continuous positive loop of feed pack pressure.

>>28503247
Does this mean that OCR is here on the 15th?

>>28519678
What worries me is LINK's reliance on the Eth network right now, which is looking increasingly like a dinosaur chain. That LINK is blockchain agnostic: I'm sure that data providers or data hungry businesses can make use of that, but I don't know what it means for us, token holders.
ETH 2.0 has been just around the corner for like 2 years now, and Ethereum seems to be the top dog for its "network effect" alone-- but looking at the state of that network, 99% of it are vaporware shitcoins (half of which are 2017 zombie tokens). Of what use is Ethereum's network? What does being on the same blockchain as Yam help other Ethereum users achieve?
Would you continue to consider Facebook the top social network if 99% of its accounts were of literal dead people? Knowing that, how would you feel that your business's homepage and storefront is Facebook-based?

I'm just some inexperienced faggot so any insight would be appreciated.

>>28520904
>I'm just some inexperienced faggot so any insight would be appreciated.

Funny this was posted almost exactly 1 year ago today, off by 2 days. Read this and you will understand. Its speculated that Arbitrum will go live within a couple months. ETH will likely become a settlement layer at best.

https://medium.com/offchainlabs/scalable-low-cost-computation-of-ethereum-smart-contracts-using-arbitrum-on-the-chainlink-8985c6542d4e

>>28518266
I think you're wrong. The market cap can be significantly smaller than the value it secures. The most obvious thing that makes the network more secure than the combined sum of value that's securing it is decentralization. If you had one node securing it all then you'd want it to have an equivalent value staked, but if you have a hundred nodes you can subtract the perceived value of this decentralization from the actual tokenized value of the stake. Still the value staked needs to be significant enough, but what's significant enough is up to individual parties to decide

>>28521304
This 100% Ethereum is a settlement layer. Chainlink is data and computation and probably secure identity in the future too

>>28521325
>but what's significant enough is up to individual parties to decide

In the early days of staking when the network is first taking off it wouldn't surprise me to see a 1:1 ratio. As the network progresses without failure its possible that could be drastically reduced.

>>28521325
A good mental framework for understanding what link is is to think of it as a protocol for creating networks of nodes that you can use for creating smart contract related services

Its coming.

>>28521884
Agreed

>>28499939
no maybe about it

>>28521325
retard check
So we've got a customer, a node, and a data provider.
The data provider gives out/monetizes their data through APIs,
does not the node agglutinate multiple complementary data sources (decentralized) and provide one source of truth, which it then gives to the customer? And that process + the infrastructure that makes it work is known as the Chainlink protocol?
Or is it the customer's responsibility to seek out many nodes, effectively "decentralizing by hand"?

tangent topic: I'm interested in knowing how some of the examples of insurance contracts Sergey talks about can be decentralized at all. For example, we've all heard the example of a ship with a GPS beacon and an insurance contract that pays out if the ship isn't in port by time XYZ. Where is the potential for data decentralization here? Why wouldn't there just be one data feed (the beacon on the ship)?

>>28521884
makes sense and considering where we are now, with defi TVL at around 40b, links mcap should be quadruple what it is now to reach a 1:1 basically since it secures pretty much all of defi. i think the thing keeping the price down now is node operators constantly having to dump link to pay for insane gas prices. If arbitrum launches soon and gas is drastically reduced, along with staking going live, nodes will hoard link to stake and not need to immediately dump their link payments for eth. at the same time, the gas reduction will cause a massive spike in defi TVL, at this point the sell pressure would go away and link would approach a mcap 1:1 with TVL, could triple, quadruple, even 10x. im bullish as fuck. we need arbitrum though

>>28522998
>Where is the potential for data decentralization here? Why wouldn't there just be one data feed (the beacon on the ship)?

In this case you would offer redundancy and use multiple IoT devices on the same ship. It all depends on the amount of decentralization the company pays for but more equals more secure and accurate.

>>28522998
It can be the customer or the data provider that creates the network that feeds/consumes and API. Tangent topic: some embedded systems with secure computation chips are the only solution I can think of, but where the data source can't be centralized the percentage of collateral/value at stake from the "customers" end has to be higher if not sometimes 100%

>>28522998
The port would be a data source. I'm quite certain most ports don't just allow ships to pop in and out unrecorded

>>28523185
>i think the thing keeping the price down now is node operators constantly having to dump link to pay for insane gas prices. If arbitrum launches soon and gas is drastically reduced, along with staking going live, nodes will hoard link to stake and not need to immediately dump their link payments for eth. at the same time, the gas reduction will cause a massive spike in defi TVL, at this point the sell pressure would go away and link would approach a mcap 1:1 with TVL, could triple, quadruple, even 10x. im bullish as fuck. we need arbitrum though

I think you nailed except in addition to sell off LINK for gas fees there are composite groups actively driving price action down in order to accumulate with bots before they allow the price to expand to a new epoch and then they rinse/repeat the process. Check out Wyckoff Distribution Methods.

>>28522998
Perhaps you could suggest sending 5 ships, instead of just the one?

>>28487523
Great thread so far.
LINK is the chosen coin.

>>28522998
this is the story of Pajeet/who shit a river and drowned the whole street/ and while he looks so sad and lonely in National Geographic

>>28505068
based, fellow doctor here.
Just finished my rounds at 40 beds oxygenotheraphy only ward. Worst situations when there are no HFOs or vent bends available.
Deniers are gonna get btfoed eventually one way or another so theres no use is arguing

Domp eet.

>>28523587
who are the groups doing this? i guess we wouldnt know but wtf if thats true im even more bullish desu

>>28523185
That's the thing, we need Arbitrum. I hope the team is working overtime to get it released.
>>28522998
One data feed = centralized. Couple weeks back an anon was asking about setting up weather gauges and setting up a node to report weather in an area. Having one single weather gauge in an area is centralized. One point of failure. Having three or four weather gauges in an area of say one square mile will be more "decentralized" because they're able to measure an average of weather in that area. So I think with the ship example it could be decentralized by creating an average point a to point b time. If the contract says "Ship 1a leaves point a and will arrive at point b within x time frame or the contract will not be paid" where x equals the average time it takes ships 1a,1b,1c,1d to go from point a to point b. That's the decentralized component.
Somebody correct me if I'm wrong, but that's my opinion on how that might work

>>28523771
I'm the most senior doctor in the most prestigious hospital in western europe and I think that covid is a big fat fucking scam. It's no worse than a bad flu and the treasonous scum who brought this about will be roped in good time.

QRD on smart contracts?
actual, real life applications already implemented you can explain?

>>28524172
an entire infrastructure of lending and trading currently exists on the ethereum blockchain using smart contracts to initiate trade agreements and it is being secured by chainlink nodes. currently 40billion in total value is locked in this space.

>>28492869
that sounds pretty fucking good to me

>>28523807

We don't know the specifics just people with deep pockets who also the technical know how or resources to set up programs that automate the process for them more or less. If you follow Wyckoff you will see that especially on larger time frames institutions or these composite groups leave tell tale signs and patterns of accumulation, price expansion, distribution or selling off at the new local top, and then price depression followed by a new floor where they start accumulation again.

>>28524172
Yes.

>mcafee bet bitcoin to 1m eoy
>if not he will chop off his cock
>I offer to bet through smart contract
>agrees
>he gets 1btc I put into the smart contract if I lose
>he has to wear a cock guilltone (think an IOT cuck cage with a blade)
>we agree on 5 nodes
>Docusign the smart contract his iot cuck cage locks my btc is tied up in the contract

>fast forward 1 year
>Jan 1 2022
>btc is 100k
>5 nodes
>node a used coin gecko and deliver a price feed of 99.9k
>node b used coinbase and delivered 100k
>c used cmc and delivered 100k
>d used binance and delivered 99.8k
>f used yahoo finance and delivered 1m

>4/5 delivered <1m
>the smart contract activated the IOT cuckguittione
>I get my btc back
>chainlink node F loses their stinkies for being a bad actor (delivered bad info)

The end.

>>28523807
companies are buying otc and setting up nodes in private, the team seems to be under an NDA since 2018. every once and a while something leaks out aka crumbs. once this is all public the infrastructure will already be 100% in place. lets say you go to a strawberry field to pick berries. do you pick one and walk it back to your car and repeat? or do you wait until your basket is full? sergey has been picking berries for 3 years.

>>28520558
yes

>>28525280
You hire illegal mexicans to pick your berries while you nap in your farm house.

I can't believe he FOMO'd

>>28491853
>what's stopping mass adoption has always been the scalability problem
this is absolutely false which is why bitcoin and ethereum have focused on security first and foremost

you are fucking retarded because avax has another latent vulnerability that's going to rear its head this weekend and it's goign to be fucking glorious

>$30.64
Jesus it's becoming a slog even to $50 *sigh*

>>28518935
Holy shit Norm is a Linkie? Based as fuck.

>>28516325

Anyone have that pic of some anon who analyzed the dimensions of her feet and hands and compared it to blythe masters or some shit top kek.

>>28517373

Is that a painting of Hitler?

>>28525707
that comes later...

>>28489572
hbar gud

>>28528540

Guys I'm an oldfag with 168k link. I'm starting to think link is a good hold in the bear market. But that in the bull market it won't outperform btc or eth. Maybe we're at a turning point now. Not fud just a genuine concern.

>>28529691

>>28529987
yeah u better sell

>>28492467
>>28493076
>>28493630

I don't know are you anons here anymore, but I did what I said I was gonna earlier. Cashed out 300k, 10k Link sell at exactly $30

This bullrun is officially over for me, I will be taking a vacation now, I will be coming back in 5 years. Of course I have alerts if Link goes somewhere astronomical like $100 but I don't care anymore, see you guys in 5 years. Maybe drop by when staking is announced

>>28515604
I am sick

I want to be sick

Because my god is Lucifer

>>28530981
i think you have mental problems bro

>>28530981
good on ya. the rat race isnt for everyone

>>28531136
I've been to the mental institution 3 times in my life

>37 linklet stack
i'm in for the long run anons, how will this look in 5 years?

>>28531192
>ugAY

Wow what an ID

We made it bros

>>28487630
>Will LINK and Defi alts have a fundamental usecase that is resistant to bubbles and FOMO?
If there's one thing I've learned in my time in the markets it's that everything can experience a bubble and no one wants to hear it might pop when it's inflated.
I'm balls deep in chainlink still but I'm pretty sure it'll get raped just like everything else once the cycle tops out
Stable growth is possible i.e. ETH in 2017 didn't go back to $20
But overvaluation is a real thing
I won't be holding link anymore should it go over $1000. Too high risk

>>28530981

What are you going to do with that cash? If you are not buying a house, you are literally throwing your money away by cashing out right now

>>28531521
based

>>28531494
lol i had that coming

>>28531265
link will be looming around low three figures. $200 - $400.

while that won't be gmi money, it's definitely enough capital for another position to opt in.

>>28492287
So you're saying this is the top? LINK hasn't even moved, YFI has just started, a ton of low cap coins are yet to really move... Just seems like there was no proper ALT seasons if this is the end. In 2017, even the shittiest altcoin would easily pump to 50M+, this has not been the case.

>>28531569
Who the fuck cares dude

If this little DeFI thing, oracles and Chainlink itself proves to be what they are promising you have no fucking idea what the prices will be in 5 years, or the next bullrun (this probably won't be the last)

I still have 20k left, boo-fucking-hoo I only got fucking 9 million instead of the possible 18 million

Who the fuck literally cares. Hope this whole crypto space blows up in 5 years, if not, it will succeed and we will all be astronomically rich. I don't know. It's already done, and I feel good.

I need a vaction, then I think what to do with the money

>>28531927
i hope you have uncle sams cut stashed away

>>28532068
I'm here in Yurop, I pay 20% crypto tax.

why the fuck would a company use chain link when they could just copy paste link or use a better coin

>>28531927
You say this only because you have 20k "left" . Typical selfish thinking.

>>28487523
is it stupid to remain all in link during the bullrun?

>>28532411
I think the markets are bound for a huge correction. I am not here scaremongering, but anons here before today made me very scared with all those "unealthy markets" threads.

Maybe the bubble will keep going until end of the year, maybe we pop next week. I don't know. All I have is alert when Link hits $100 and I will not be spending my time on /biz/, it's a madhouse

It's a madhouse
Or so they claim
It's a madhouse
Oh, am I insane?

>>28532632

You're weird lol Use your money to get therapy

>>28532619
If we get staking and earn for lending link to node operators it might be the best option.

>>28532835
I am sick

I want to be sick

Because my god is Lucifer

>>28532912
You belong in an oven.

>>28532912
No amount of money will bring you inner peace

>>28487523
It's simple, when bitcoin crashes again LINK will crash along with every other crypto asset. I'm bullish in the long run on LINK, DeFi etc. Bitcoin crashing to 10k after this year's bubble is totally possible.

>>28489572
WTF is going on with HBAR, I see it everywhere now. I was going to APE in ANKR for a quick 3x, but what is the target on HBAR?

>>28533193
small bag holder of HBAR here. There's a conference at google in europe, on the 17th, where HBAR will get a non-prime time 20 minutes discussion on how google cloud is helping them out. Shills are trying to pump this into a big story "GOOGLE PARTNERS WITH HBAR TO BUILD ROCKET SHIP TO ALPHA CENTAURI".

The real story with hbar is that it's a gamble on whether a non-blockchain implementation of crypto has value, because of the inherent throughput and scalability issues blockchain brings to crypto. I think it will go up in value eventually, but it's not a moonshot right now.

Just trade the LINK:ETH chart. We're bound to have a 90% correction first. Maybe by 2022.

>>28532912
Don't be deceived! Jesus is the way, the truth, and the life. Jesus is the only way to the Father. Why follow the one who seeks your own destruction?
Just tell him to fuck off, it doesn't make any sense.

>>28494980
None of them come close. If you use a competitor, people simply don't use your project.

>>28487523
WHAT IS GOING ON I SEE DOTS BETWEEN THE SQUARES ON THE GRID YET IF I LOOK DIRECTLY AT THEM THEY DISAPPEAR AND ITS A PNG NOT A GIF WHAT DID YOU DO

>>28532632
30-40% correction then back up. We aren’t close to the highs for this bull run but this leg is coming to a close. Swingies unite

>>28503290
If you listen to crhis Cole, the underlying stocks themselves become derivatives of options, which could be observed in march 2020 crash

>>28530981
Lol, I think I saw your wall get buyed. Chomp chomp chomp. Good luck Linkbro.

Bump

>>28531521
We did. We are Maniacs!

I remember CNBC Africa

>>28499939
I never understood this either. Even if IOTA's tangle idea is used by MasterCard for whatever project, why should it affect the market value of MIOTA?

>>28489989
>t. Proud Jew faggot scumbag