/biz/ - Business & Finance

It's just a fancy JSON parser

>>30185314
One of the biggest things for biz to overcome in our time is to beat the price suppression bastards at their own game. Biz needs some big brain like fucking DVF to make this happen. Who will be the DVF of biz??

>>30185682
Aka when will we get that massive short squeeze like we did from $8-20 last summer?

It’s already priced in.

>"How do I connect to every blockchain where I want to conduct commerce, own assets, trigger transactions, or understand what's going on in those blockchains?"

No enterprises ask this.

jews are suppressing the price in order to accumulate more and more.
they know we know what we know

>>30185803
>No enterprises ask this.
lol

can someone tell me how these alt coin companies make money once they run out of tokens to dump to fund the business? do they just stop development at that point or do they work for free or what

>>30185314
Just accumulate and wait

>>30185886
Chainlink is charging the current users.
At some point they'll have to start buying Chainlink tokens to pay the nodes.

>>30185941
so does chainlink like generate the tokens and sell them on the market do make money?

>>30185984
They probably sell tokens for funding as well, but about half the weekly "dumps" go straight into the network.
They also pay salaries in Link tokens (or at least they did early on).
They will likely start buying Link tokens to pay the nodes long before their own reserves are depleted.

This is how the economic system is supposed to work: the users pay the contract operator, and the contract operator pays the nodes in Link.

>>30185682
We had no problem organizing in 2018 to fud the shit out of it, I think we can shill link to any price we want if we put all of our autism in it.

>>30186063
so is the contract operator the chainlink company? after the network works the way it is supposed to and they finish dumping all their tokens how does like sergey and the employees generate money to continue developing the network?

>>30186206
>so is the contract operator the chainlink company?
Right now, Chainlink is the only contract operator.

The idea is to allow literally anyone to become a contract operator, node, user, source, ... but that will only be possible after things like staking, reputation, etc.

>after the network works the way it is supposed to and they finish dumping all their tokens how does like sergey and the employees generate money to continue developing the network?
That's why I said they'll start buying Link tokens before they run out of reserve; that reserve is pretty much the only source of development funding they will ever have.

They probably aren't trying to make a profit from running the current network. At most, every Link Chainlink pays to the node operators is covered by the fees paid to Chainlink by the users (Aave, Synthetix, ...).
That's why it would make sense for them to start buying that Link on the open market at some point: they won't lose any money.

chainlink is an idea of a solved problem masquerading as a solution
chainlink did NOT solve the oracle problem any more than IOTA killed the coordinator

>>30186736
Yeah, just look at all the other oracles which are just as goo...

>>30185314
>pic related
>-2.73%

>>30185682
All you idiots have to do to beat the suppression is to take your link off exchanges

>>30185314
it's all priced in, unironically

>>30187342
>take it off exchanges
I did, sold 1500 back at $35 that I bought at $4.50 and it feels great
All in GRT now

>>30187935
Kek

>>30187935
>1500 link

> Be me, be porr

>>30185682

Stop lending your link on DeFi protocols then you fucking faggots.

Why cry about price suppression when you are literally the cause of it

>>30189450
this so much, why the fuck would you even do this for a measly 5% or something

>>30189450
You’re an idiot. If it’s that simple wouldn’t it have already been done

bump

>>30189450
there is 21 million link on aave, and 126k of that is borrowed, a utilization rate of .6%

You are anon, you didn't start trash.
Stop with the stupid tangents that aren't about earning cash
this shillers never know cool project to promote
>I don’t worry about it, hold SWG and wait for swirge development

>>30192429
Schizo won't reply to this post

>chainlink is the token of the great reset
>t. linkers

You deserve to fail, your token is overvalued and you're a traitor to the rest of the board. Silver is the only thing that matters in the long run anyway.

>>30193562
buy my shiny metal.

>>30193459
Kek this. 51k link on blockfi. It won't do sht

>>30189450
Game theory, freeloader problem, etc

>>30185682
>>30185714
>>30186067
holy fuck redditors go back.

if this was any good would they really need an army of trolls on biz spamming threads every day for 3 years

>>30185886
Well link is based in the caymans so it will fade into obscurity one day