/biz/ - Business & Finance

I'm a full on deluded LINKie but the fact we HAVE to use these sketchy third party services to stake link AT ALL is fucking bullshit. I'll probably keep staking on Bancor even when LINK staking is released. Fuck LinkPool.

Looooooooooool what an absolute mad twatter

What a piece of shit

>>29739807
what mistake do you think he made?
was he teasing too much with breadcrumbs?

>>29739807
that's what you get when you hire a guy who tweets fuck trump and fuck republicans and whatever

linkpool fags on suicide watch
you shoulda just bought more linkies

No horsing around here bucko. Pack your saddlebags and giddy up on out of here.

>>29739807
MATTY B DUMPED ON ME AAAAAAAA

I missed this drama, what actually happened? The screenshot doesn't give enough context.

>>29739807
Dumb LPcucks lel

"small portion"
Almost 1% of the circulating supply is now a small portion. That's as if Sergey would personally market dump 4M link.

Also: financial security?? You have hundreds of LP each giving you 5 link every two weeks. That's 1000 link aka 50k every month in passive rewards.

Fair suck of sav for sure

>DEX is disabled as we're investigating recent trade activity. You can still close any open orders.
They just went full Robin Hood, how is this a Dex?

Everything has gone to shit for me. LINK is dumping. This nigger at LinkPool dumped. Everest crabbed and then dumped. UMB crabbed and dumped. Feels like I've been cursed by god.

>>29740161
LOL he kept all other tokens because he literally cleared the buy order side.
I hope when they move to erc20 they fork and remove his stack.

>>29740310
>upmost
fucking hell

>>29740209
this lmao^. if it can be 'disabled' for any reason, it's not defi or dex.

>>29739807
He will be missed

if this nigger dumped after erc20 move there would at least have been more liquidity to not provoke everyone in the community with the orderbook erased

hahahahahah
who would have thought that the guy who looks like a typical scamer anglo would weasle out of the team

>>29740124
>>29702430
long thread. worth reading.

Can someone just give a quick run down of what has occurred, not everyone is a LPcuck with intimate knowledge of their employees dealings

also, reminder

>>29740454
>tokens sent 1,238
Isn't the LP total supply 1000?

Look at everyone freaking out in the Linkpool telegram topkek

>>29740492
there was a dump on the dex, filling an very large order that was placed at a low price and had been there for 6 months untouched. team then disabled trading on the dex
upon further inspection it was discovered that the tokens dumped originated from the team wallet.
people have been speculating on what happened for the last 12 hours. if someone stole their keys or they were exit scamming or something else. this just clarified what happened.

>>29740550
Lol, that guy wild. So what's up with all that linkpool drama? Should I buy/sell?

>>29740556
no, it's 4000 total. 1000 were sold the token sale. the other 3000 are owned by the team. that's why this was alarming.

>>29740625
what was the low price?

>>29740616
He's lucky I'm being nice. What a fucking dog cunt

>>29740664
7 LP tokens at around 42 ETH/LP I think

>>29740382
That is not real right? Can’t tell anymore

>>29740039
>what mistake do you think he made?
>was he teasing too much with breadcrumbs?
possible
their twitters get policed all the time to ensure that NDAs aren't broken and that they don't say or do anything to tarnish the brand
also a stupid move not to tell the linkpool team
he did say it was 2 orders one of which was the old 6LP one and a newer 1LP order

>>29740681
This exactly. We're still being civil. He "only filled two buy orders" but those were 90% of the total buy liquidity. Moving goalposts is a classic sign of a scammer

>>29740719
>7 LP tokens at around 42 ETH/LP I think
42 strikes again
the price is right hahaha

I wonder what if he used sergey's script to break up the efferiums and move them through addresses before being offloaded somewhere

>>29740719
>42 ETH was a low price
fuck me I remember when they first went on sale and I was like "i'm not paying 4 ETH, that's a free 4x"

>>29740284
Everything dumped retard

>>29740813
yeah why the fuck did he wash trade them like that?

How will this affect the legitimacy of LP as a business? One step back two steps forward? At least this cunt is gone.

>>29740803
>>29740766
his biggest mistake was not telling the linkpool team ahead of time, they panicked and shut down the dex because they had no idea he was planning to sell

>>29739807
Fuck this...I'm selling all my Link...the top was in last week, I fucking knew this was a scam all along dammit

>>29740849
Maybe he doesn't want you ungrateful autists to watch over his shoulder and monitor his every moves

>>29740851
LP as a business is safe as houses because Chainlink have given them free reign to be the third party solution to delegated staking. As a linkie non-LP holder I have to say it's a pretty underwhelming situation right now.
Chainlink should have protocol native delegation I have no idea why we have to use these external services to give our LINK to a node. The Graph does delegation in a way that's completely intuitive and normie friendly already.

Look at the cultists defending him now holy fuck

>>29741014
>ungrateful to expect team's 75% supply of 3000 remain vested and locked
alright ther chap

looks like I'm gonna be bagholding lp for a while

>>29741043
Since LP is now completely under control of Jonny who is also a Chainlink employee, it's safe to say that LP = CL.

so now that we've established that team tokens can be sold, we can safely assume that most aggregators will equal market cap with fully dilluted mcap, since all tokens are basically in circulation. Therefore, dump on migration

>>29741014
opsec is important
technically the only thing Mat did wrong was not notify his linkpool team members that he was planning on selling

the LP dex is highly illiquid anyway, I have a few friends who could wipe the orderbook like Mat did (they have >10LP)

once we move to ERC20, and get listed on other exchanges, the liquidity will improve and this won't be a problem

besides, the dividend payouts remain the same, if anyone was waiting to get linkpool shares cheaply, now would be a time to consider buying some, or just wait until the ERC migration happens

>>29741055
The guy helped build lp, he deserves his tokens, he has every rights to sell them. You're happy to get your biweekly payout? Well say thank you Matt and stop complaining then

Not gonna lie this makes me never want to buy LP. I always wondered if i should have split my 30k link stack in half to buy but wont for sure now.

The fact their “dex” was disabled is one thing but tue lack of professionalism is literally shit i see in small cap shitcoins.

Sergey will not be about about this seeing as he is obsessed with ensuring all things Chainlink related are squeaky clean and perfect. This damages the brand he has painstakingly built.

>>29741169
this
>>29741178
linkpool also fucked up by not telling us that team tokens were liquid

>>29740766
Yeah MB was always a bit rogue on twitter compared to how tight lipped everyone else around CL or LP is. Stuff like teasing linkpool staking coming before link staking, and a bit of general shitposting. I wonder if he got caught breadcrumbing.

>>29741224
>linkpool also fucked up by not telling us that team tokens were liquid
Dude this was known since the beginning. I'm all for fudding but use legit fud such as Mat being an absolute whale who will dump on us for the forseeable future

>>29741118
Yeah and it's not a good situation. LinkPool is one node with it's own incentive structure around LP tokens, but also a full time Chainlink employee who obviously has priority access to staking development.
It's a shitty mess of conflicting interests,.

>>29741241
This is what happened imo. Someone leaked things and they managed to track it back to him. He was loose-lipped on telegram and twitter, so chances are he was also larping on biz.

>>29741224
>linkpool also fucked up by not telling us that team tokens were liquid
Why is this so important? I always assumed they were liquid like ours

>>29741224
>linkpool also fucked up by not telling us that team tokens were liquid
I assumed they were liquid and that some team members had already been selling off portions of their shares
was always more concerned with how they handled dividend payouts and profit sharing, and linkpool has always been professional in that regard

>>29741241
>Yeah MB was always a bit rogue on twitter compared to how tight lipped everyone else around CL or LP is
yeah, I kind of liked it, but at the same time you have to be more mindful when you're posting as a chainlink team member
at that point just make an alt account and shitpost from there to your heart's content
kind of how most of us keep a clean linkedin professional social media presence but get our shitposting done under pseudonyms on twitter and anon forums

>>29741321
Yup, this is the kind of fud and that's not easily dismissed but probably to difficult to understand for the average bizposter, so we might get away with it. Same with the gold/silver mess up.

>>29741241
probably got told off and then threw his toys out of the pram. clearing that tiny orderbook would be the shittest exit scam ever, so was probably in a huff knowing he was geting kicked out anyway

>>29741354
>all discord tranny larps are team personal fan fictions
hell of a blackpill

>>29741354
>so chances are he was also larping on biz.
doesn't everyone at least lurk here?
don't know why everyone's so gay about admitting they browse 4chan IRL

someone ask beale if he's willing to sell 1LP for 10 ETH considering he's cash strapped

MB created LP competitor project when
I submit the title "LinkPoohl" for consideration as its name

>>29741610
DEX is closed should read "POOL'S CLOSED"

>>29741640
>DEX is closed should read "POOL'S CLOSED"

>>29741178
Well not really as they unilaterally decided to shut down the dex. So much for decentralisation

>>29741392
>we might get away with it
it's not /biz/ you need to worry about, it's securities regulators.

>>29741714
I have a friend and fellow linkie high up in the Australian tax office. He's going to be all over this. If mat's not registered to pay tax in Australia while living and working here, and selling unregistered securities on top of that, he's going to be in a lot of pain. Watch out matty boy.

I don't get why the 'dex' is still disabled. The worst that can happen is he dumps more LP

>>29741713
>Well not really as they unilaterally decided to shut down the dex.
it was done as a precaution
they didn't know that Mat was going to sell, so when they saw a team member wallet start selling, the first thing to do was halt trading until they could find out what was happening

this news is actually the best outcome, was worried a team members wallet was hacked or an exploit was found and there was a technical issue with linkpool
glad to see that isn't the case

>>29740310
He's going to dump more isn't he

>>29741915
>the worst

>>29741920
yes, one of two cofounders exit scamming is the best outcome

>>29741863
The fucker just got an 8 figure payout as well kek. He's gonna have to sell half of his stack to pay the tax on it.

>>29741915

That’s probably the reason why the dex is closed

>>29741946
>yes, one of two cofounders exit scamming is the best outcome
cheap linkpool shares
it's not like him selling or the price of linkpool shares effects my bi-weekly dividend payout (last payout was all time high by the way)

This guy fucked himself over so hard kek, all eyes are on him 24/7 now from angry autists watching wallet movements. He could have done it professionally by announcing beforehand.

>>29741920
>they didn't know that Mat was going to sell, so when they saw a team member wallet start selling, the first thing to do was halt trading until they could find out what was happening
That's a fine DEX you have there, kek

Mat who

>>29742037

Why would he leave Linkpool? Does he have insider knowledge LP will fail in the future?

Should I but LP now? I'm a seething no LP but link holder.

My concern is the internal police of the team. If they can fuck over the co-founder they'll fuck over the hodlers

I have legitimately always hates Matt Beale lol. Since his fucking job as “biz ops” with his shitty degree in quantity sir drying or whatever meme degree he did. His mate Johnny is big brain, and Matt literally rode his coat tails. Can tell he hasn’t a fucking clue. I remember reading one of his posts about “waking up hungover and eating McDonald’s while doing some work. I fuckin love crypto :)”

Guy is a complete fag and genuinely reattached. Also I’m pretty sure he’s actually gay which is even worse

>>29741920
yeah, I know, I'm just a bit pissed really by this, I had faith in the team. Still don't understand, couldn't he do some OTC thing where the company would buy back some of his shares? Why all the drama, did he throw a tantrum, or maybe this is his way of opening the negociations, like you better buy them back or I'll dump it all in the dex see I'm a complete mad man!

Honestly hope LP has a turbo dump so I can scoop up a few.

>>29741962
Open it and let him dump. It's a dex, the fact that they're keeping it shut doesn't reflect well. If you own LP already why would you care about the token price - it's fixed supply so your reward isn't going to change, and surely nobody is planning on selling for years as the whole poiny of Lp is to reward it's holder. Why any committed LP holder would want the price to stay high when there is a chance to get more at a lower price is beyond me. If you are afraid of a dump you dkn't know what you've bought - its value isn't in USD, its in link payouts.

>>29741305
Good. been waiting to buy more for cheap. Glad I was hesitant.

>>29742170
most likely leaked info he shouldn't have
i don't understand why he would sell though. He could have just sold his LINK rewards and lived off that forever

>>29739880
>I'll probably keep staking on Bancor
whats the apy

>>29742170
Fuck Mat, I'll tell you the truth. Mat Beale is 42 on biz. He got caught red handed. Read through 42's semi-defensive posts in this thread, he's still at it.

been here since lp ico and am pretty fucked off right now
have never been impressed with his twitter carry on, talking politics, admitting drug use, hyping shit
but wtf
team better post soon
going to be some very cheap lp coming up
he has 150lp, he sold 7
>>29741392
gold/silver thing was just poor protocols but the mat beale/chainlink interaction is problematic. i did raise this at time

>>29742170
>Why would he leave Linkpool?
he was basically asked to leave, probably because he was leaking info that he wasn't supposed to be

>>29742145
>That's a fine DEX you have there, kek
obviously when LP is transferred to an ERC and listed on multiple exchanges and DEXs this won't be possible anymore
but since it's only listed on linkpools small DEX, it makes sense to have a killswitch just in case

>>29742232
>Why all the drama
he probably felt shafted since him and Jonny were the original founders of linkpool, so when he was asked to leave I'm sure his feelings were hurt
Mat is still entitled to his employee shares and can do with them what he wants, personally if he sells them and other buyers scoop them up, it's healthier for shareholders as a whole

>>29742268
>Good. been waiting to buy more for cheap. Glad I was hesitant.
yeah I may have some friends pick up some more shares now that it's gone down again in price, dividend payouts will only increase as time goes on and linkpool scales further

>>29742314
LINK APY is between 4 and 8% but the total is 16-25% ish with the BNT rewards

>>29742325
>I'll tell you the truth. Mat Beale is 42 on biz
hahahahahahaha

nope, but I am an ICO buyer of linkpool

>>29742325
>Mat Beale is 42 on biz
I'm a MAGA man, Mat unfortunately has Trump derangement syndrome, it's something him and I simply disagree on

>>29742325
Holy shit I believe this. I always hated Mat and 42. They are the same annoying faggot.

WHERE THE FUCK IS JONNY
WHY HAS HE ABANDONED US

I honestly dont get why people are worried about him dumping the rest.

LP pays out link dividends at a PE ratio of 12. LP is not really reliant on sentiment, its a cash flow machine.

>>29742520
>WHERE THE FUCK IS JONNY
>WHY HAS HE ABANDONED US
https://youtu.be/DuDX6wNfjqc?t=262

LP ownership dashboard showing 0 current LP holders. I'm not feeling so good

>>29742471
Is that you, CLG?

>>29741640

So did this Beale leak anything good or what?

>>29742471
I'm not on their tg. Did they say when they'd open the dex again? Are they generally working on US hours?

>>29742532
>LP pays out link dividends at a PE ratio of 12. LP is not really reliant on sentiment, its a cash flow machine.
linkpool was always the gigabrain chad investment
moonboys were simply too smooth-brained to understand it

>>29742493
does this even make sense since 42 isn´t even a trip so everbody can post as 42
see

>>29742571
BASED.

Someone better post this in the telegram

He's blowing up on the telegram atm

>>29742422
Checked.
What should I target my buys at?
I was willing to pay 60 eth last week.
Im thinking a deep discount is in the works.
I feel good about Jonny Tuxedo. Matt was a problem. Too much talking.

>>29742669
Nice cover mat

Did he fuck Jonny's horse?

>>29742685
Not on telegram, can you post some screens? It'll help bump the thread too

>>29742690
>What should I target my buys at?
if you can get it for 20 eth it's not even a question
40 eth is a potential good price
let's see when the dex re-opens what the prices will settle at
the overall market is taking a dumpster dive too so this might be a really good opportunity to finally get that 1.0 linkpool share amount that everyone is after

>>29739880
Actual Link staking is nothing like third-party staking.

>>29742705
just type 42 in the namebox
also i don´t remember any bradcrumbs of 42
all he does is shizoposting saturn memes

Beale has always been dodgy. I participated in the Linkpool token sale required you to provide identification, so he saw my real name and details. Shortly after I discovered him following my personal twitter account which I use for professional reasons only. I do not have anything to do with crypto or link on there. Totally unprofessional. Blocked him after that.

>>29742818
that's creepy bro

>>29742813
>all he does is shizoposting saturn memes

>>29742159
Literally "Beta male" anagram
Kek you can bet that's fake ID so linkies won't lynch him

>>29742818
>personal twitter account
>used for professional reasons only

What a play

>>29742748
10/10

>>29742818
>Beale has always been dodgy. I participated in the Linkpool token sale required you to provide identification, so he saw my real name and details. Shortly after I discovered him subbing to my wife's personal Onlyfans page which she uses for professional reasons only. She does not have anything to do with crypto or link on there. Totally unprofessional. Blocked him after that.

>>29742848
>>29742873
By “personal” I mean with my personal details like name which are of course associated with my professional life.

Yeah it is creepy. Totally overstepping a boundary and a bit stalkerish. And you know how linkies like to trawl associations on social media, no thanks.

>>29742748
him and Jonny going their separate ways reminds me of Daft Punk separating
damn...
https://youtu.be/DuDX6wNfjqc

been such a hectic time ever since the linkpool ICO, we've come so far together, time really flies

>>29743036
You relate that gay band to everything.

>>29743093
>gay band
I have impeccable taste in music IMO:
https://youtu.be/sO6r3N6zFi8?t=1165

>>29741241
>>29741354
This, I'm sure he said too much. Tbh I never liked him so much, he didn't seem professional. This is probably a good thing

I saw Mat Beale at a store in Osaka near Eth Con. I told him how cool it was to meet him in person, but I didn’t want to be a douche and bother him and ask him for photos or anything.

He said, “Oh, like you’re doing now?”

I was taken aback, and all I could say was “Huh?” but he kept cutting me off and going “huh? huh? huh?” and closing his hand shut in front of my face. I walked away and continued with my shopping, and I heard him chuckle as I walked off. When I came to pay for my stuff up front I saw him trying to walk out the doors with like fifteen Milky Ways in his hands without paying.

The girl at the counter was very nice about it and professional, and was like “Sir, you need to pay for those first.” At first he kept pretending to be tired and not hear her, but eventually turned back around and brought them to the counter.

When she took one of the bars and started scanning it multiple times, he stopped her and told her to scan them each individually “to ensure they are scanned trustlessly,” and then turned around and winked at me. I don’t even think that’s a word. After she scanned each bar and put them in a bag and started to say the price, he kept interrupting her by yawning really loudly.

>>29740550
Bullish that he left actually.

>>29740845
My bags have been crabbing while everything pumped, then they dumped, then dumped again when everything dumped, then didn't recover when everything else recovered and now dumped again when everything dumped.

He wasn't stealing
He wasn't embezzling
He was only bamboozling
Learn. The. Difference. :pray:

>>29743140
That's your MKULTRA talking.

>>29741195
>Not gonna lie this makes me never want to buy LP. I always wondered if i should have split my 30k link stack in half to buy but wont for sure now.
You were smart not to. So many anons here shilled LP but I never saw a reason. Theyre a centralized pocket of a decentralized network. Always go with the actual native token, Link in this case.

>>29742790
"actual link staking" IS third party staking. There is no native token delegation on Chainlink, you have to go through a third party like LP.

>>29741178
>echnically the only thing Mat did wrong was not notify his linkpool team members that he was planning on selling
They probably would have stopped him actually. Like they turned off the "Dex" right now. He wanted his money and didnt want to bother negotiating with them for it.

>>29743207
Ahahaha no mention of a specific criminal activity before, just nebulous 'exit scam' or 'hack'
Out of the blue he now denies 2 specific criminal activities

>>29743313
>They probably would have stopped him actually
of course

>>29743313
>He wanted his money and didnt want to bother negotiating with them for it.
if that's the case then it's a stupid and short sighted move, but a good thing for the project long term not to have him working there

the linkpool team will have to clarify to investors how they plan on handling such a situation going forward if a team member wants to leave and cash out for example

how much eth did he get for his 162 LP?

and is it true the price dumped from over 100k to 10k? kek

>>29743286
Actual Link staking is nodes putting up Link in escrow as a guarantee for their good behavior.
Yes you'll be able to do this by pooling via third parties, but it has nothing to do with whatever people understand to be "staking" from Defi.

>>29743423
They plan on turning off their decentralised exchange, lol. There, I clarified it for you.

>>29743450
>There, I clarified it for you.

>>29743437
Which was always with the understanding that regular LINK holders would be able to natively supply their LINK to a node. And now it's been clarified that the only way to do so will be through a shitshow like LinkPool.
I want to stress that I'm not fudding Chainlink in general, it's the God protocol and it will take over the world, but this situation is far, far from ideal for non node operator LINKies.

>>29743501
>And now it's been clarified that the only way to do so will be through a shitshow like LinkPool.
Whoever told you this is obviously lying.

>>29743532
You mean the Chainlink "community ambassador"? Usually they're on a pretty tight leash in terms of speculating.

>>29739807
Just read the original thread. Seems like tornado cash is a way to avoid taxes or some shit?

>>29743423
>but a good thing for the project long term not to have him working there
Yeah it is. They do need to do that ERC20 migration thing to create more liquidity, but otherwise its possible devs will leave any project. I mean 3 years he has been sitting on those LP and not sold any, makes sense he wants money to go buy defi shitcoins.

You will still be able to stake on linkpool without owning the token. They will prioritise token holders tho

>>29743607
Sell 90% of the fucking LINK when it’s at a sky high price and move on with your life.

>>29743607
He's probably just not wording that right.

Things like aggregation contracts, reputation contracts, order-matching contracts, TEEs, mixicles, ... will all be offered as ready-to-use options for people to build their own SLAs with.
People typically aren't going to be coding their own.
That's probably what he meant.

man, the only purpose of Chainlink ecosystem is to constantly dump on us. ...link dumps, now this...

>>29742459
Do you have to stake link+ something else (liq pool) or can you stake link alone?

>>29740039
>>29740766
He fucking dumped his tokens. That's the mistake for fucks sake. I hope linkpool provides some value to the ecosystem, but I'm pretty sure someone else has to do my staking. Preferably Sergey

>>29741863
Wtf, can you friend help all fellow marines in Aus pay no tax kek

>>29743738
Dude I don't like what he said either but you are clutching at straws. He literally said that Chainlink will likely not allow delegated staking (ie: Us giving our LINK to a high reputation node) at a protocol level, and that if we want to do so we will have to go through either LP or someone else.
For all of Chainlink's absolute mastery, this aspect of their project is a shitshow. A chaotic conflict of interests between LP, Jonny, other nodes, other potential third party staking providers, and the network.

>>29740881
>Dex
>Shut down
Anon... I... Nevermind

>>29743890
That wouldn't make sense.

>guys I got fired for selling the tokens I got as severance for getting fired

>>29743501
>>29743607
Either you run your own node and stake tokens into service agreements with people who want to buy data you're supplying, or you use a third party service the utilizes your LINK in the jobs their nodes are running (or they alternatively loan out your LINK to other node operators). That's it. People who thought you could 'spin up a node' out of nothing, like it was a standardized algorithm like proof of work, or that you could just 'click a button and stake LINK' out of nothing (as though it would be divvied out to a network of nodes on loan, algorithmically) without concretely procuring data, running a node and taking up and fulfilling services agreements NEVER understood what was going on, and this notion of staking is completely absurd.

>>29739807
anyone who owns LP is a retard, honestly imagine using capital available right now to bet on one fish in the ocean rather than buy more LINK and own part of the ocean.
They're a new level of retard and aren't aware that their infra can be spin up with a single command using simple terraform templates.

>>29743926
>He literally said that Chainlink will likely not allow delegated staking (ie: Us giving our LINK to a high reputation node) at a protocol level
This has nothing to do with nodes staking THEIR OWN Link in their contracts.

What he's saying is that Chainlink will probably not have a natively built-in "pooling" option.
You can always code your own, or use a service like Linkpool.

>>29743423
ye but how many tokens does he have left to dump?

>>29743629
those weird ETH movements is just Coinbase.

>>29744032
150?

>>29743926
I don't think this can be prevented. A smartcontract can handle this without anybody knowing which tokens are owned by a node operator and which ones come from stakers

>>29743998
Yes, I mean this fiasco has some irony to it. You have an ecosystem where trustless systems are being developed, and people have given their money towards a group of people who they trust to act with integrity and in their best interests. Maybe this won’t be a big deal in the end, but I think there are some broader philosophical things to consider with these sorts of services.

>>29743998
This is a prime example of a deranged man addicted to fudding

.

>>29744071
I mean in a way maybe better to see it as a good opportunity to buy some cheap lps

>>29743810
No
You can get bnt on coinbase btw

>>29744097
This.
And it's not even about preventing; it's just that Chainlink itself won't develop a native pooling system.
They're only concerned with the absolute fundamentals, all the details are entirely up to the users and will be developed in a wide range of options by the third-party cottage industry.

>>29743810
>Do you have to stake link+ something else (liq pool) or can you stake link alone?
i think both

>>29743986
The Graph have provided a completely straightforward token delegation interface for token holders to commit their tokens to the people doing the actual work. Is it "completely absurd" in the context of oracles but not in indexing?

>>29743810
Single-sided is possible, but currently there is no space for LINK, so you have to wait.

>>29744164
What’s interesting and unfortunate for LP is that guys like Jonny do appear to be pretty good. He’s got a ridiculous position and conflicts of interest as described above, but all things considered I think he’s managed that as best he can. Mat always seemed like a fuckwit, his online presence just rubbed me the wrong way. It’s a shame that his actions now leave a bit of a permanent stain on LP’s reputation (in my opinion).
>>29744010
Yes, pretty sure you’re right.

>>29739880
this

>>29744263
>>29744209
>>29744248

I see. Thanks bros

>>29744252
they might implement something like this imo

>>29744252
Chainlink nodes are highly non-homogenous, and they are not going to draft up the end-all reputation scheme for which nodes are the most reputable and how some theoretical built-in token delegation loan system would work for nodes on the network. People could, even if they required a certain number of LINK tokens themselves, spin up a node, soak up these "built-in" loans, set up a fake service-agreement and then purposefully fail on the output to liquidate the collateral and pocket the LINK (just one of many scenarios, not all requiring bad actors). Market dynamics will determine the allocation of reputation and loaning schemes in relation to what people deem certain operating parameters and security features are worth. It's absurd to think that there should be a native loaning feature to any and all nodes on the network when it will be market dynamics that determine which nodes are worth anything and which nodes actually NEED LINK to borrow (remember, not all service agreements will require very much collateral).

>>29744392
You don’t stake both you can just stake your link with IL loss protection 100 percent covered after 100 days. You get some link rewards but mostly BNT

So to summarize:
> Mat is asked to leave the company. He gets 160-ish LP tokens, while the public owns 1000 and the company retains 2840.
>Someone market sells 7 LP on the dex, destroying liquidity.
>Team notices this and closes down the dex to see if Mat got hacked, and they find out he just market sold without warning the team. Probably an act out of spite to fuck with the team and the token holders, aka ragequit or drunken rage.

Possible ways forward:
>If they reopen the dex we have a chance for cheap LP, but Mat gets a chance to unload.
>They could fork and cut him out
> They could make him vest over time.

>>29740310
>upmost

>>29739880
>>29744307
shut up if you have no idea about link staking. this is not true at all.

>>29744503
Market dynamics determine the relative value and reliability of indexers on The Graph, Indexers nodes are non homogenous, and yet the native protocol level delegation system works completely intuitively.
I would honestly suggest you take a look at it, you might rethink your commitment to the apparent absurdity of this idea.

>>29740764
You're a real dumb cunt.

>>29743890
>Vitalik fails at scaling Ethereum
>Sergey has to scale it himself
>LinkPool fails at staking services
>Sergey has to do that himself as well
Lmao, wouldn't be surprised. Everyone is a god damn retard beside Sergey.

>>29744544
If he really fucked them over like this, then just fucking fork him out. Absolutely fuck that guy.

>>29744782
Exactly.
He's our shining beacon in the chaos.

>>29744544
why would they fork. These are his tokens, he can do what he wants with them. Plus, cheap lps

>>29744877
Blessed dubs.

>>29744614
What I'm reading is interesting, but this is anything but straightforward and it is still unclear if Chainlink's network can be compared directly. While Indexers can incur a penalty ("slashing"), this appears to be carried out by the network at large, while a service agreement failure entails a payout of the collateral to the owner of the contract (the very point of the collateral in the first place, as a measure of risk and security in the relation between the operator and contract owner). This still means that bad actors can pocket loaned LINK by liquidating collateral on service agreements they own. They can flood the network with nodes, scrap together tiny percentage accumulations of loaned LINK, and liquidate it as they choose. You would need to lock most low-level nodes from getting delegated LINK altogether to avoid this. From the Chainlink team's perspective, there's no reason to spend time worrying about this when the market will determine both the valuation of security and the parameters for reputations people actually care about (and subsequently, whether these nodes have a demand for services that would loan them LINK).

>>29744877
checked

RIP DRUNK ANON SIP SIP......

>>29740550
He’s right

>>29740961
you're an idiot

There is only one way to solve this; make Mat have a fatal accident... Who know's where he is atm?

>>29739807
you're an idiot

>>29743960
you're an idiot

nice to know that this fucking faggot just showed centralisation in a decentralised system. I hope LP crashes to fucking zero. We will have to restart everything when sergey release staking. Fuck this 3rd dogs hit piece of crap node operator. But he is insignificant in the grand scheme of things. Decentralisation will save everything, sure there are ups and downs on the road to decentralisation. Bad actors such as this matt faggot will be BTFO.

>>29745379
the everyone is retarded but me look
kek, love Sergey

>>29746233
He lives at bondi beach in minecraft

>>29743926
>link schizos screech and ree when clement says it only took a year to code staking and he doesn't see why chainlink can't do the same thing
>it turns out you'll never be able to stake chainlink
kleros wins again. Sell your stinkers and do the needful, sir

>>29745379
Hmm that's a good point. Could well be him.

>>29740764
Obviously, on the other hand..

>>29743810
You can stake just LINK, but the pool is currently full

>>29743998
Lol, i bought with couple hundred $ at presale. It didnt have affect my Link holdings at all

>>29746559
It was definitely a Linkpool insider

>>29744227
This. It's the high IQ approach desu. What could happen is they just headhunt a team that can make it happen, give them a grant and have Ari and Sergey supervise the whole process. >>29744782
Basically this

What worries me is some people strongly associate Linkpool with Chainlink it's almost as if people think LP is accepted by the CL team as an unofficial staking platform of choice when it really should be seen as a 3rd party solution building CL related services, just like Gravel coin. If more unprofessional shit happens, or worse a hack happens it will hurt Chainlinks reputation more than it should. Also if people, because of the false association, feel safe staking on linkpool a proportionally significant amount of link could end up under linkpool and not so much to other, maybe better, platforms

>>29739807
I thought Matt was a faggot since the beginning. His pedantic, impotent bickering about Trump didn’t help either. Suspicions confirmed
>Beale you embarrass yourself and deserve nothing but shame

>>29740310
>I hope when they move to erc20 they fork and remove his stack.
This is the very reason I consider crypto to just be a FIAT rebranded, a glorified money printer.
Fuck up, don't like the way your scam is developing, don't like people owning a piece of the cake? Just fork it, bruh.

But eh, I'll continue to print (worthless FIAT) money and move it into real valueables.

>>29747945
And he was definitely Australian. Certainly ties in with his vanity that was all over his Twitter too.
>>29748251
Yeah this is my major concern. You can bet Sergey is fucked off right now. One of first three nodes, first company to get a CL grant, they run the Market. There's real reputational risk here.

>>29748324
This is a good thing, and why crypto is viable long-term on a global scale. If, for example, China decided to start fucking with Bitcoin transactions via 51%, the rest of the world can collectively agree "yeah, we don't want to play this game anymore" and separate themselves from the chain with a fork and continue on with China left in the dust. If something seriously fucked happens and the vast majority of people agree that it should change, the protocol as it is actually adopted and effectuated doesn't need to be held to some transcendent lawful standard of absolute immutability saying "No, you can't change anything no matter what". That's true for the chain, but the chain only exists as it is resourced and implemented in a greater system of human interaction. If there's a dispute about this, there's a dispute, and the different chains will battle it out economically and socially.

>>29748655
except the vast majority of miners are in china and if you don't like it the only recourse you have is put your dick in your hand. And if you fork it, those same miners will start mining your fork and implementing the same rules that made you leave the original chain

>>29739807
Crypto is a joke. If you are using it for anything but speculative gain - you are purely autistic.
Anyone who actually believes this trash can replace traditional finances has to be dumber than a nigger.

>>29748807
This is true so long as there are no IP-barring mechanisms on the network protocol, which could feasibly be implemented if China as a nation was hell-bent on trying to wrest control from Bitcoin/its forks and everyone agreed to write Chinese access out of the network entirely. With enough proper non-Chinese government interest, it could likewise be fought with simply increasing mining capacity, but then geopolitically it could become an economic war involving the mass dumping of energy resources into trying to tank the currency vs. save it, so barring Chinese nodes might be the best option in this case.

>>29741640
Dex is closed due to aids

>>29748643
True. Fortunately their relationship and the false associations are the result of crypto twitter, biz and other newfags speculating and hyping their bags. Still I think it was good that this happened. I'm sure it made Sergey more aware of the risks

>>29750029
False associations?

>>29750280
I mean people thinking linkpool is almost like an official part of Chainlink

>>29740803
you fucking scammer. you know what you're doing. i hope you rot

>>29751173
So salty, discord quiet today?

>>29750029
>it was good that this happened
holy cope johnny

Just waking up to these recent updates on the LP fiasco, after going to bed last night with very little information aside from "DEX halted"
*ahem*

FUCK MAT
FUCK MAT
FUCK MAT
FUCK MAT
FUCK MAT

LOOK YOU LITTLE FUCKING FAGGOT MAT, SOME OF US DONT HAVE 160 LP EARNING THOUSANDS A MONTH IN PASSIVE INCOME AND THE PRICE OF LP IS ACTUALLY MEANINGFUL TO US
YOU ARE A SPINELESS FAGGOT

>>29740161
>That's as if Sergey would personally market dump 4M link.
that's nothing for Big Serg tho

Why would a team member not be allowed to sell their tokens? Is there a vesting schedule he agreed on? If so why isn't that implemented as a smart contract?

>>29750430
>creators got talent-scouted by Chainlink team
>direct partnership
Whatever helps you sleep at night, but this should not.

he deleted his twitter now too. wtf?

>>29740657
That sounds like a scam though.

>>29741915
True, but the buy side was fake and was the teams funds to keep the price up. He ate into the teams fake buys so they had to close up shop.

>>29745597
totally the Russians running america
Not the jews at all
>t. picrel

So basically linkpool is shit and should be avoided when staking is live?

>>29755060
I'm a brainlet but it seems like all staking not implemented by the LINK team directly is a huge gamble that can rugpull whenever.

>>29739807
Who did he rape?

>>29739807
this fucking retard ruined it for everybody else

>>29755060
Like any trusted entity it works until it doesn’t. You just don’t know when exactly it won’t work. I think today we’ve seen a crack in the integrity of LP and from this point onwards I would exercise more caution that previously. Mat did some sloppy things, creating unnecessary panic among LP holders. Sadly that now reflects on LP as a whole. Remember, if you’re paying for this service then you’re also accepting some of the risks of letting a trusted entity manage this process for you.

>>29755060
Their crowdsale was 3 years ago. Today they're still a Link staking pool without staking, somehow valued in the hundreds of millions based on total supply.
There will be many ways for Link holders to stake. No one needs this shady pool where one founder randomly exit scams.