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49532334 No.49532334 [Reply] [Original]

EIP 4488 sets the precedent for 'public good' layers to get preferential on-chain treatment.

Oracles need to be recognized as the ubiquitous layer 0 and public good service on which blockchain applications run.

The fact that Chainlink has to compete with all dapps to push price data on chain during crisis events, so all those dapps can remain operational, is utterly mind boggling.

The fact that Chainlink has to subsidies the core infrastructure of the entire defi economy out of its own pockets, while carrying all the multi chain, systemic risk of failure on its shoulders is utterly mind boggling.

We've had endless conversations about how solving the oracle problem wasn't simply a complex technical matter, but a complex chicken and egg economics problem as well. It requires an economy of scale despite dapps barely existing 3 years ago.

The fact that they succeeded so brilliantly & rapidly, achieving scale, sustainability and profitability in these adversarial conditions, is a testament to how fundamental the oracle layer is & how forward thinking, aggressive and hard working the cl team really is. It is, again, mind boggling. But in all the right ways.

Chainlink is now, by far, the most widely integrated middleware solution across the entire industry. And while it can sustain bootstrapping the entire industry and cover the gas expenses, it's about time that chains begin to recognize its pivotal role in the ecosystem as a main driver of dapps innovation and adoption.

And that ultimately means enabling oracles to have their own dedicated tx lane, slashing their gas costs entirely, as well as financially contributing to their growth. With staking and the partners growth program, this will accelerate.

Vitalik, for all his autistic genius, failed to foresee this and failed to understand his own baby and where and how it would generate value. Real world data, off chain compute, cross chain messaging. Ethereum will be reduced to a simple execution layer.

>> No.49532354

When do we moon tho?

>> No.49532366

>>49532334
fuck off shill, no one is going to buy your shitcoin especially after yesterday’s disaster.

>> No.49532370

>>49532354
Honestly, this is the only question I care about at this point. I know Link is a game changer but I don't give a fuck. I want what the team owes me.

>> No.49532373

>$7

>> No.49532391

>public good
>token not needed

>> No.49532400

>>49532370
I mean, sure fundamentals are important, but I’m not here as a charity case. Where the fuck is my lambs?

>> No.49532425
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49532425

>>49532334
flippening when?

>> No.49532470
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49532470

>>49532354
>>49532366
>>49532370
>>49532373
>>49532391
>>49532400

>> No.49532530

>>49532400
You're going to lose all your money because you're doing it wrong. You knew there's no refunds, nobody "promised" you a Lambo.

Infact, you promised yourself a Lambo. Maybe, other anons promised you a Lambo. But listen buddy, people here dishwasher class. Mentally at the minimum. Just saying, if you wanna play baseball you don't talk to a fucking dishwasher. Don't listen to yourself either anymore. Seek Professional fiancial advice. If you have any money left.

Better luc next time, friend-o

>> No.49532534

I want my money

>> No.49532575
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49532575

>>49532534
No refunds

>> No.49532576

>>49532534
call sandro salsa man

>> No.49532783

>>49532470
Fuck you asshole. If I wanted to wait 15 years just so I can moderately make it I would have bought stocks instead.

>> No.49532834

>>49532783
You will not make it if you don't exercise some patience anon...

>> No.49532888

>>49532834
It’s been 5 years
3 years since mainnet
2 years of bleeding against Btc and eth during the bullrun
It’s about time now anon. Don’t bullshit yourself. If you are honestly thinking of waiting 10 years for this shit to moon you’re doing crypto wrong.

>> No.49532955
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49532955

>>49532834
my queen I thought you commited seppuku glad to see you are still here bless this thread with one of your smelly and pungent farts

>> No.49532966

>>49532470
>>49532783
Agreed, if at SmartCon we're not getting any significant news and price action I'm honestly out.
I've been holding since ICO and I don't give a shit about gains 5 years further in the future.
I'm early 30s' it's unironically over for me.

I guess we were too early.

Sergey and team are barely putting any fucking information out about the profitability of the company it's been 5 fucking years.
Hello, 5 years is not god damn startup status anymore, average IPO is 7 years and we're dealing with fucking jack shit.
Yeah great your token was not a stupid security, we still bankrolled the team and the expectation of gain was still underwritten, might as well have been one.
Fuck the Chainlink team and fuck these deluded newfag marines with their 3 digit stacks sucking fat horse cocks.

>> No.49533049

>>49532966
You sound like a petulant child.
Networks profitability metrics are transparent on-chain.

>> No.49533105

>>49532334
>Ethereum will be reduced to a simple execution layer.
What does that mean for the security of the Ethereum blockchain? Does it not need a certain level of value capture for its so called crypto-economic security model to function?

>> No.49533260

>>49532888
This guy fucks

>> No.49533303

>>49533049
so what do? how do you deal with knowing all this and looking at the chart in disbelief? What should be my mindset to endure this situation?

>> No.49533320

>>49532955
Eww. Don't be gross anon. Still love you though <3.
>>49532888
Don't fret so much over how long you've been holding. Look at the overall maturity of the crypto field... or rather the lack thereof. We are certainly still early, and all things considered, LINK is far ahead of most of its peers.
There are still so many crypto projects that are ran out of neckbeards basements. We have no choice but to sit tight for a while until the space matures...

>> No.49533329
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49533329

>>49532334
based

>> No.49533379

>>49532334
Aka Chainlink cannot monetize their own products directly to the users so have to beg for subsidies
>This is a good thing
Kys Chainlink Labs employee

>> No.49533386

>>49532966
You are better off selling this pump we have now. There will be no pumps anymore. This was the only hype we had: staking. Now its all laid out and no one cares. The token will dump back to 4-5 and crab there and eventually dump even further. Sergey said the institutions are looking into blockchain so from there you can reason we need atleast 2 years for institutions having any kind of actual applications. If ethereum etc can't scale the whole fad might be dead by then. From your post I can also see this is really draining you. It will all be better if you sell now and move on.

>> No.49533567

>>49532575
where's the goddamned money sandy salami

>> No.49533595

>>49532334
What are the criteria to be considered a public good on Ethereum? Who decides? It makes sense that something like a fully decentralized ETH/USD price feed should get priority execution at minimized cost.

>> No.49533625

>>49533386
Not only that but everything is underwhelming and behind schedule. This fat fuck is literally the most incompetent “CEO” I’ve seen since Kevin Plank of Under Armour. Someone who has enough for himself and doesn’t work for the investors

>> No.49533657

>>49533320
>Eww. Don't be gross anon. Still love you though
Is that really you in the picture? Youre hideous

>> No.49534016

bought 50 link last week will there be any kind of repayement for those affected by the price drop

>> No.49534043

CHAINLINK FUDDERS REPLY TO THIS COMMENT IT'S TIME TO TALK ABOUT MY INVESTMENT AGAIN AND YOU'RE ALL HERE AND ALL GATHERED AROUND SO LETS DO IT LETS TALK ABOTU MY INVESTMENT COME AND TALK ABOUT *****ME*****

>> No.49534143

>>49532334
>Vitalik, for all his autistic genius, failed to foresee this and failed to understand his own baby and where and how it would generate value. Real world data, off chain compute, cross chain messaging. Ethereum will be reduced to a simple execution layer.

Such a massive and retarded leap and logic could only come from a LINK bagholder. This is the same kind of schizobabble that fudded you out of swapping LINK for ETH back in august 2020. The chainlink token is fucking useless 5 years after ICO. Come back to reality please. ETH reflects the demand for ethereum blockspace; link is literally an erc20 payment token with transfer/call functionality, which again, is not fucking needed. if sergey really wanted to build a public good he'd have just use ETH as node colateral.

>> No.49534156

>>49534143
YES GOOD BUT PLEASE REPLY TO *****ME***** WHEN YOU FUD BECAUSE I KNOW YOU CARE ABOUT MY INVESTMENT AND I KNOW YOU CARE SO SO SO MUCH ABOUT
**********ME**********

>> No.49534205

>>49534143
Inside of 5 years link will have a higher mcap than ETH

>> No.49534218

>>49534156
Kek

>> No.49534287

>>49534205
Sorry but you are deluded. Chainlink is pretty good at handling lending liquidations, no disputing that. However beyond crypto price feeds, they have major issues, and even new crypto feeds have like 3 months lead times for dapps. When a derivatives protocol needs a new feed (e.g apecoin), LINK can't get it out until hype is over. Moreover, for tradfi stuff they are having major fucking issues. They're having a very hard time making an oil feed that suitable to use for onchain futures... they've been at it for 5 months now and still no progress. Thinking they're just going to magically solve all these issues and suddenly just be able to put arbitrary data onchain and have huge demand for it is just fansasy. I have been in LINK for 4.5 fucking years now, I am not 'fudding' i am just fucking realistic.

>> No.49534300

>>49534287
EXCUSE ME PLEASE GIVE ME (YOU)S AND REPLY TO ****ME**** WHEN YOU'RE FUDDING CHAINLINK I WANT YOU TO PAY ATTENTION TO ****ME**** AND MY INVESTMENTS

>> No.49534317

>>49534043
>>49534156
>>49534300
zach?

>> No.49534431

>>49534287
Chainlink is the first real business in crypto as opposed to being a fly by night subsidized bucket shop. L1s are a race to the bottom of lower fees. If ETH manages to scale it will lose a lot of the ponzinomics of "everyone buys the token to use the network" in bull markets, hence skelly implementing pajeet tier burn EIPs that have little relevance to the use or needs of the protocol. If it doesn't, L2s and other L1s will eat its lunch.

>> No.49534561

>>49532966
gimme your stinkies and kys then plz

>> No.49534579

>Chainlink does it for free
The jannies of crypto. Thanks for the gains LINKcucks

>> No.49534616

>>49532966
imagine ppl getting baited to reply to th-

>> No.49534651

>>49532783
ok sell and buy some stocks, nigger

>> No.49534679

Sergey could have announced the plans for staking during the bullrun instead of dumping every fucking week and it would have hit 100 dollars a token EASY. now crypto is going to death spiral and this piece of shit will never get near ath again. fuck it

>> No.49534724

>>49534679
THAT'S GOOD FUD MY FRIEND JUST PLEASE MAKE SURE TO GIVE ME (YOU)S WHILE YOU DO IT BECAUSE IT'S
ALL
ABOUT
**************ME************

>> No.49534807

>>49532966
>honestly I'm out
No you're not, fudface

>> No.49535464

>>49532334
>$7
market doesnt agree with anything youre saying tho....if what you say is true chainlink should be 4 digits but yeah keep lying and misleading people

>> No.49535536

>>49534651
>>49534651
Fuck you nigger . Go fuck yourself piece of shit nigger

>> No.49535542
File: 415 KB, 1660x1234, link coffee.png [View same] [iqdb] [saucenao] [google]
49535542

>>49532370
you are holding the wrong asset

>> No.49535572

>>49535542
think again
https://www.cnn.com/2019/01/16/health/coffee-species-extinction-climate-study-trnd/index.html

>> No.49535605

>>49532370
I fuckin want mine back too. Seems as though nftgames are even more profitable than these coins. I make upto $30 on Aavegotchi and also bought Genesis NFTs of Honeyland.
Fvck all these shitty projects

>> No.49535630
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49535630

>>49533320

>> No.49535648
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49535648

>>49534143

>> No.49535711

>>49535630
David did a good job, he brought back twice the amount he was requested. That's Husband and King material, no??

>> No.49535818

>>49534431
>scalability is bearish for ETH

what you're missing is that it will allow 100x more users onboard.

>> No.49535947

What are we even waiting for exactly at this point? Okay so staking was announced. Now we had a 10% pump from multi year lows and hovering there again. It's priced in now. Okay. What's next? Everybody exactly knows how v0.1 is looking. Once the 25mio or 75mio contingent is filled people will just fuck off and wait for the next version when they can finally stake. That will be when? In 2023? And why would it pump by then? There's nothing to look forward to. Remember when Mainnet was announced? It pumped fucking 100% in a day. DURING A BEAR MARKET. So don't give me your retarded general market conditions shit. This was the moment we've all been waiting for. We have the details, it's priced in, the price is a complete failure.

>> No.49535971

Token not needed

>> No.49536071

>>49534143
>The chainlink token is fucking useless 5 years after ICO
The chainlink token literally hasn't been useless since May 30, 2019.

Also, without oracles ETH will never be anything but a token shuffler.

>> No.49536091
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49536091

>>49535947
>There's nothing to look forward to

>> No.49536333

>>49535818
Maybe, but 0 guarantee those users will go to eth or that eth will be the primary value capture of those users.

>> No.49536619

>>49536333
Amazing trips