/biz/ - Business & Finance

token

needed

>>49962200
You really don't understand that this evaporates after staking?

>>49962190

>>49962190
I'm buying dips all the way up to $150.

Less then 2 years screen cap this.

>>49962212
not

>>49962190

Chainlink is partners with Fringe Finance, which launched today. Over 42k LINK have already been deposited.

I’m already all in on XRP with my inheritance (lost my parents at age 25)

>>49962190
I am so thankful I got fully linkpilled in 2018 during the bear market and when the signal-to-noise ratio was optimal. Constant 300+ replies threads exploring potential use cases and daily breadcrumbs research, it was biz at its peak and in these unique conditions, so many forged crazy dreams and iron convictions.

Today it's impossible for a newfag to get immersed in this deep level of conversation, and therefore to grasp the full reach of its potential. It so easily gets overlooked, ignored, disregarded, because so much of the noise in the space is meaningless, og's (enjoying their success or simply waiting patiently) have internalized their insights and ceased discussing as much, therefore exposure to spoonfeeding is minimal.

In 2018, partaking in link threads was a genuinely surreal experience. A small autistic community had uncovered the opportunity of a lifetime, it wasn't just a "what if" possibility, but surrounded with absolute certitude, this was "the one". The most surreal aspect that if you did the research and understanding, you knew it was as real as it could get, but literally no one was talking about it anywhere else.

4 years later and all the og's just remain confident for the long term. All these countless hours digging into the oracle problem, smart contract use cases, understanding the implications of chain agnosticism, middleware adoption, tokenomics, etc. But for a casual observer, all they see is the weak short term price action, and it doesn't incentivize them to research further. "Oh, it's just another token like all the others, what's so different about this?". "Oracles and agnosticism? Sounds like techno babble, I don't get it, what does it do that Cardano can't do?".

With staking and CCIP on the horizon, everything will change. Everything. The switch will be flipped, big time. No one will be able to keep ignoring it. Either start research right now, or you'll be late. It's inevitable.

>>49962804
>lost my parents at age 25
Uh...so that happened...

>>49962280
kek

>>49962792
wow, 42k?? that's like 1.5x my stack bro

>>49962190
Not buying your bags Ranjesh

>>49962881
based, I was here in 2018 as well. It was truly a different time for /biz/, soon as the bullrun started it all went to shit.

>>49962881
Beautiful my fren.

>>49962190
Recession
/thread

>>49962978
>>49963088
To be honest I copied this. Jannies deleted the thread in seconds after I copied it. but I really resonated with it so I just wanted to spread it. Not taking credit.

>>49962190
>Staking and CCIP
>known info
>not priced in
This entire board is retarded, 100% of the bobos and 90% of the bulls don't understand the concept of priced in.

As a poor fag who only has $30 a week to invest. Is it even worth it to chase link? I feel like I'd be better off with some low caps.

>>49962280
Made me blow air out of my nose in a fast manner

>>49963139
Only link

>>49963206
I will now buy at least 2 link a week.

>>49962190
Because I gambled with link when I was poor. Now I'm less poor (thanks to link) and I need less risky cryptos

>>49963191
lmfao

chainlink threads always deliver

>spread fomo when link is down
>fud when link is up
why is biz like that

>>49963294
rival factions. Think of it as console wars circa ps3 vs xbox only somehow more gay

>>49962881
Nexo will be bankrupt soon and then this board will become healthy again.

>>49962190
>Honestly curious: if you don't already own some chainlink, why not?
i bought at 1 dollar and sold all of it above 40,
you have no idea how comfy i am anon. ill buy back in when i think its bottomed.

>>49962881
The good ol days:
>Pregnant Muslim sergey
>Rory and Sergey backpacking through Thailand fud
>oh my god it’s Jason Parser!
>2 Russian exit scammers
but also the other great hits of
>Web3 conference! All ducks in a row
>Sibos disappointments every year
>Sibos toilet flushing
>and many more
There was a thread even a long time ago that wasn’t isolated to link but was one of the funniest threads I had ever been in. It was all of us posting psychologist memes with captions acknowledging how delusional we were yet we all didn’t take everything so seriously
But the thing is we all still couldn’t stop talking about link, and even until this day most my networth is in ChainLink. even through the ups and downs, making a ton of money outside of ChainLink from building a startup that got sold, I immediately bought more link at the time. We all knew then that this was something unique and special, and to be honest, that feeling hasn’t gone even if the community and threads did. I used to even kek from the “OOOOOO LINKIIIIESSSS” threads after Google / Coinbase pump in 2019 experiencing our first euphoria then crash
Something about this community has always made me laugh and enjoy the solidarity of us being delusional retards that somehow saw what everyone else didn’t

>>49962190
>Honestly curious
sure

>>49962190
Why would you hold an unregulated security when btc and eth will pump just the same? Risk mgmt, thats why. Also, 33% of supply in two men bands, one of them autistically branding himself through shirts patterns

>>49962804
You fuckin moron
Never bet it all on one thing. No matter how certain you are

it has a fatal flaw and it's called ethereum, the parent chain that will never scale and always have high fees.
imagine using an extremely convoluted system to replace a simple centralized system within your business
>where fees fluctuate by the minute,
>the optimal chain to transact on changes by the minute
>which will require some additional system to monitor and update in real time or a dedicated wagie
>require you to hodl multiple shitcoins that change value all the time
>the possibility exists that these side chains and shitcoins cease to exist or cease development
it's just a hot garbage potato, im not gonna play catch stinker

>>49963106
you are anon retard, what credit did you think we were gonna give kek

>>49962190
Nobody talks about it except your cult, not pumping

>>49963490
Is these 'oracles' in the room right now?

>>49963629
>Nobody will ever buy things online
>Facebook has no real value
>Nobody is ever going to get into a strangers car for a ride
Stay poor moron

>>49963629
Chainlink isn't reliant on eth. Also arbitrum, token (eth) not needed.

ROSE AND LINK
future of crypto

>>49963679
stay retarded brainlet
>>49963685
somewhere in the chain of events when using chainlink, one or more ethereum transactions will be absolutely required

>>49962190
because i only buy low market cap and this is way too high bro

>>49962190
the sheer amount of fanboyism on /biz/ makes me wanna stay the absolute fuck away from it

>>49962190
>CCIP
>Release

>>49962190
Staking was launched at Consensus and the price of link has not gone up since.

>>49963700

I remember when people said "REQ and LINK, Lambo guaranteed"

>>49963758
chainlink is blockchain agnostic tho

>>49963629
The existing systems might be simple but they are labor intensive.Businesses care about the bottom line. If farmers would have used your reasoning, they would have never mechanized agriculture.

>>49964142
Then buy all layer 1 blockchains and you're exposed to LINK and all possible alternatives.
I will never buy a token.

>>49964074
Uhh people did get a Lamborghini from the rise of link. Just some of us that did sell didn't get it.

>>49964160
>bro just buy paper ethereum it's the same as bitcoin

Forget these shitcoins! I have my NEXO token, the wallet grows and the APY makes me appreciate in this tough times!

>>49963629
This post is so bullish for ccip, truly art of the troll

>>49964160
I wouldn't be surprised if chainlink eventually makes its own L1 solution after it cements itself as an enterprise abstraction layer, it already has a great network of nodes as a core starting point so it wouldn't be hard to do and it would have the same level of decentralisation/security as the oracles

>>49962881
I saw your thread earlier that got deleted within minutes.
Either this is OC that you wrote that you've got queued up to post like this, or it's copypasta.

Either way, what you speak is truth.

I typed this up in another thread that got deleted minutes later. It's slightly relevant so here it is again.

I've spent hours and hours explaining Link to people who have been involved in crypto since 2017 and they simply couldn't grasp it. In fact they couldn't even really understand the point of smart contracts, let alone the infrastructure to make smart contracts useful.
In contrast, there are other people I've explained the problem to who knew nothing of crypto whatsoever, but had a strong intuitive understanding of business and finance. They on the other hand just got it. Almost immediately. They followed up with poignant questions, each one essentially boiling down to "what makes this valuable". People who knew nothing of crypto asking exactly the right questions, relating to tokenomics, supply, demand, utility, security, you name it.
The point I think I'm getting at is that some people will get it and some people won't. Don't assume the people already balls deep in crypto are particularly knowledgeable about the finer aspects of it. Don't assume they are smarter than those who have yet to dip their toes. There are a lot of nerds with tunnel vision who are extremely susceptible to propaganda, emotional manipulation, and are generally incompetent when it comes to managing their finances. This is why you have people who cling to technology that is obviously worthless, staunchly refusing to budge on their beliefs even an inch. Head over to the subreddit of any long forgotten crypto for a sad illustration of this.
Crypto is full of dumb money. You should be thankful of this. It can try our collective patience at times but it means that the competitive edge between those who see and those who don't is collosal. In time the financial edge will grow to the same extent.

>>49962215
That fud evaporated on May 30, 2019.

>>49963117
You mean like how mainnet was priced in?

>>49962190
I am not bullish, I am beyond bearish.
Chainlink is a globohomo shitcoin of the highest order and is going straight to zero.
Their days of shitting up biz with their astroturfed psyops are over. They've been found guilty of using DARPA bots, paid shills and sybil attacks to push the WEF agendas, and for that they will pay with their miserable life.
The shills and bagholders will be financially EXTERMINATED and there is nothing they can do about it except watch in horror as it all comes tumbling down. The ride ends here for linkies, the game is over for them.

>>49963629
Chainlink is literally live on a dozen chains, retard.

>>49965184
Why do I always read manlet instead of mainnet (maybe because I’m one of them)

>>49963921
Staking details were announced a few days before Consensus, and Bitcoin immediately dove off a cliff to stop Link from pumping any further.
Staking wasn’t actually launched yet.

>>49962190
i joined this space for decentralisation. 100% premined ICO tokens where most of the supply is still held by a centralised startup holds no interest for me
the chainlink system itself is also basically tying up a bunch of centralised sources of truth together, held together by centralised 3-of-21 multisigs with unknown actors, and calling it decentralised
i'm not saying you can't make money with it. it's just utterly uninteresting for unironical "in-it-for-tech" people like me

explain link to me and what its price potential is and I may buy 5000link.

>>49965260
so which projects are you interested in?

>>49965260
>the chainlink system itself is also basically tying up a bunch of centralised sources of truth together, held together by centralised 3-of-21 multisigs with unknown actors
Not a very sophisticated FUD. First of all this is not accurate, the feeds are actually controlled by 4-of-9 multisig on gnosis. Second of all, this issue is not related to Chainlink protocol or node software, but only to currently offered (free) price feeds. It's an open protocol and Chainlink are offering those feeds for free, it's their gift to the community, but the protocol itself can be (and is!) used for actually fully decentralized applications with oracle networks not being controlled by Chainlink Labs at all.

>>49962280
based

>>49965306
Answer appreciated and copied. Good to have a store of these. Thanks

>>49962280
kek, well played.

>>49962280
Kek where kek is due

>>49962280
based as fuck

>>49963490
Pregnan muslim sergey? Wtf, never heard of it.

I remember when the business address was a nail salon.

>>49962190
Two scenarios will play out:

1. It will work:

For this to happen LINK will have to be extremely cheap because businesses, individuals, governments, etc. will require high frequency data requests.

2. It won't work: Here's some reasons why it won't work. Oracles are not needed when there is only one data source, by default it's correct. And if there is more than one data source, nodes will have to reach a consensus on which is the correct one. These nodes can collude (without getting slashed or losing their collateral) by simply gathering behind closed doors and agreeing what the truth is. You see, nodes only get punished if they diverge out in the open. This scenario could very well play out in high-stakes scenarios like elections. (eg. Trump wins again) Look who the nodes are:
https://www.ap.org/press-releases/2021/ap-chainlink-to-bring-trusted-data-onto-leading-blockchains

I could be wrong though

>>49962280
top kek

>>49962792
Cringe finance? Yikes

>>49964149
>mechanized agriculture
these machines are exclusively operated manually you turbo midwit
I bet you thought you sounded very smart with that retarded analogy, the guy is right
crypto is inexcusably convoluted

>>49962881
>4 years later and all the og's just remain confident for the long term.
More like, you know you should've sold and are now waiting for the dead cat bounce.
Link was hot at the time, just realize the time is gone. Everyone sees it, except linkbaggies cause they have no option.
Besides, I obviously ain't gonna buy a coin "picked" by the wef.
All the shilling you see on 4chan is this old. It's saddening, really.

>>49966434
Top tier kaka fud, nicely done faggot. Kek even in your first option you fud that link has to be cheap. Should have went all the way and used the cup of coffee fud

For option 2, it’s highly improbably and is the point of having so many nodes, with scaling up nodes, and having different DONs

>>49966434
didn't read

>>49966855
>so many nodes
it's about 20-30 nodes, all whitelisted kyc and obviously centralized

>>49962190
>gonna
Why do you write like a fucking spastic?

>>49968001
>>49966855
So scenario #2 could play out. Do you know where I can find the list of nodes?

>>49962804
>he put his entire inheritance into x r pee>>49962881

>>49962280
my sides

>>49962280
Was Yoda the original Pepe?

>>49963490
APOLOGIZE

>>49962190
It’s common knowledge that 90% of LINK OG’s came from /pol/, and are thus unironic Nazis and extremely racist. This is evident when you look at the chats whenever Chainlink presents at conferences such as consensus or smartcon. It’s always N word this, N word that.

I personally don’t want to put my money into a project like that and keep that sort of company. Moreover, I question the intelligence of people who shill LINK given their backwards and racist political views.

>>49965184
Back in the mainnet days we didn’t even know if Chainlink was a legitimate project. Mainnet eventually confirmed that it was, but in current year, Chainlink is a normie token. Half the people on r/cryptocurrency hold it. Face it, the OG’s made it big, and looking at the LINK chart, it’s only down from here. Smart contracts are a meme.

>>49963139
If link goes to 1 dollar yes, otherwise no. Don't get tricked, you are a latefag.

>>49962280
good one brother

getting dubs would have been the icing on the cake

>>49963758
Demonstrably false. I can deal in wrapped link tokens as long as I want. Eat shit, rent free

I just got into biswap.
AIGMI?

>>49962190
Probably because holding link is an extended form of cock and ball torture

>>49962280
Top kek

>>49965261
>spoonfeed me hours of research.
No, eat shit and stay poor

>>49962881
Truly insane that I invested everything I had in a 2 man team (one of which was a stuttering pot head with a philosophy degree) that was working out of a nail salon
I made it. Thank you sirgay and 2017/18 /biz/. Magical times. I love you all frens

Are you fucking serious? The CEO of this ruined my life.
I run my own construction company. 2 years ago I heard about some new innovative way to buy gravel more safely with something called Gravel coin. I had high hopes for said crypto asset and bough my fair share of 15 tones worth of gravel tokens. Unfortunately it turned out the said project was a vaporware. It fucking bankrupted my company. I will never forgive him for that nor invest into him.

>>49962280
Well played you absolute asshole.

I've been holding 3k since 2017. one of these days!!!

>>49962280
fuckin kekd

I only have 40 If I could afford 500 I would but my limited income and disabilities don't allow me to get anything I need, my teeth and rotten as well I probably will end up just kms.

>>49962885
>Uh...so that happened...
they suicided for raising a retard after learning that he started going into XRP

>Pass

>>49966846
>Link was hot at the time, just realize the time is gone.
lmao. The amount of integrations it has it incredible. It has huge market dominance. It is only getting more and more intertwined with how society functions in the future. As Sergey put it, Link is "inevitable".

>>49962190
>Buy my link bags, the monthly 2022 thread

It's so tiresome

>>49962280
cheers for the kek

>>49968236
I hold 100 XRP just incase some shit happens but I really don’t plan on it becoming worth much. This guy is kind of a retard but I respect him for the ballsy move.

>>49962190
Good afternoon, sir. My name is Dan Christopher from California, United States office of Chainlink Labs. OP is totally right with respect to LINK you know.
We are only months away from one of the biggest feature releases of the project life. The feature coming out soon which is called “CyberCode 2.0„. As an insider I know you folks have no idea what/the importance of CyberCode 2.0 is gonna be for LINK when it releases around the end of April next year (give or take a few months) so I will spoonfeed you out of kindness of heart:

CyberCode 2.0 secures the ledger cryptographically to encode transactions at 20x magnitude of legacy infrastructure. It achieves this by taking blockchain transactions to the BbC-2022 layer and parsing them through the node network incentivized by super linear sequencing which Sergey said is very close to finish line.

The obvious benefits of super fast transaction speeds also brings exponential economies of scale! Soon any business who wants to stay relevant will have to buy LINK to have access to CyberCode 2.0. Those who don’t use this system (powered by LINK) will get left behind. What this means sir is if farmer has 500 Kg cow for sale, he can put the beast to market on the blockchain to verify the weight in a trust less system.

Scammer motherfuckers want you to think that banks and other organizations are not currently fulling their bags with cheap LINK as we speak. In other words, if you hold more than 50 LINK right now, you already made it. Immediately when we breach the $10 resistance from last year it’ll be too late for you. You have been warned, sir. So go buy many LINK for you dream to come true.

>>49970493
screencapped

God crypto is so fucking normie tier now I don't want it even if I had the money.

>>49966434
18 decimals

Because the WEF wont allow racist nazis to get rich. Link will dump until 2030 when you all sell to afford bug rations during the collapse

why the fuck would i hold any link when matic is literally dominating the market, thanks to polygon we're now officially out of the bear market

>>49962190
Because no one uses it.

>>49966434
>will have to be cheap
Do you mean the unit price of a token will have to be cheap, or that usage will have to be cheap?
If you're saying the former then you're displaying rather an amazing level of ignorance. The token could cost $10,000 but a data request could cost $0.000000000000000001

>>49970493
You had me at the BBC layer

>>49962190

how do i transfer link from an exchange.

do i need an ethereum adress and just transfer everything to that adress ?

Links about to take a huge hit as whales dump to save their Bancor bags. The buy back will a great opportunity to skim a tidy profit

how the fuck are you retards still talking about this dead 2017 shitcoin, imagine holding... fucking retards

>>49962190
No, because you can't beat all the shorters, they are going to send this shit to zero, trying to short squeeze will just make more bag holders. I expect this shit to go below ICO price, and we will start seeing /lsg/ on the board like /xsg/.

honestly the only reason LINK holders been hyping it is staking when it was assumed 99% of the tokens will get locked up and the price will moon! Except Chainlink cucked them and limited the staking to 25M at first and then 75M with priority to long holders. So basically no price change will happen since the top 1000 wallets have much more than 75M and they have been holding for waay longer than anyone else (insiders). So for me as a new buyer, there's nothing to look forward to when it comes to LINK either in price action or product use.

>>49962190
Too expensive, years ago this chainlink was worth pennies and now after that pump?
I could have been rich.

>>49962190
how are you blind to cefi, defi chainlink partners and chainlink themselves trying to steal every single link from people? are you even aware of whats been happening past week? have you seen how many better oppurtunities there are to make way more money then chainlink? seriously are you blind?

>>49972028
Hello Nexo employee. What are you going to do when you lose your job? I will send your family money if you promise to suicide on live stream.

>>49972815
huh? Are you OK there buddy?

>>49966434
18 decimal places sweaty, nice try though

>>49962190
I have been DCA'ing link for the last few months (late to the party i know). currently sitting at 600, trying to make it to 1000
1. do i have enough time
2. what should i expect

>>49973949
no one knows broski. I’d wager things really start heating up at the beginning of Aug.

I’m genuinely surprised the tranny jannies haven’t nuked this thread yet since they are on a little crusade right now

>>49971555
Hardware wallet or just use something you hold the keys in.

>>49962190
Ok ((OP))

>>49973949
on a long enough timeline, 10 link is the make-it stack.

Thanks for the advice anon. I just bought 8 chain link with 80% of my food money for the month. Now ill be rich and be able to afford food for ~5-6 months

>>49974575
Sun dies in 4 billion years

I can afford to buy 20 a week will I make it?

>>49971555
Yes its ETH ERC20 compatible. Get a ledger and store it on that. Dont loan your LINK. Dont take photos of your crypto keys, only write it down in a book or something. Make like 3 copies. Keep them safe

Do a test transaction before you sent. Send 0.1 LINK first because if you fuck up and send it to the wrong place, bye bye money

>>49962280

>>49973949
>do I have enough time?

One of us are going to get very lucky in the next year.
Either Link moons to $100+ and I make it
Or it crabs for another year and you’re given more time to accumulate even though you’ve missed out for the last 5 years.

I empathize with you, but I’ve waited half a decade to make it with Link, and it’s time to cash in.

>>49964325
they're gonna do something similar to that ;) the real ones already know

>>49975805
The fuck ever happened with hyperledger?

>>49975805
do you mean arbitrum validators?

>>49975805
arbitrum nodes can run eth code... huh...

>>49976999
>>49977088
checked

>>49962190
>back in the top 5

oh stinky stinky stinkers, when will you learn?

You aren't even in the top twenty anymore let alone the top 5, link has become irrelevant and is losing more and more marketcap every day.

>>49971602
Why would they sell their Link to "save their Bancor bags". Who the fuck would rather have BNT over LINK?

>>49963629
I wonder how many posts like these are unironic

>>49962280
KEK finally some quality content

>>49962280
ah touche

>>49962215
Link is still above $1 all of crypto is NOWHERE NEAR the bottom yet.

>>49962881
added to my vast library of chinalinksta. one day ill pass this down to my grandkids and your post will be in it. grats anon wagmi

>>49962190
Shut the fuck up you stupid

>>49962190
I still consider myself a noob to crypto so take my word with a grain of salt, but I have traded equities successfully for all my adult life. First of all, I've been almost fully in fiat anyway since Dec/Jan. I know everyone's personal altcoin is immune to market forces and the absolute cluster the global economy is in, but this is just simply not a risk-on environment and the extent of contagion is not yet known.

LINK has been one I've kept a close eye on due to compelling fundamentals, but I can't ignore that has not translated to price action due to delayed rollout of key features (maybe in part due to actions of partners like Ethereum but nonetheless), the absence of which means the TNN memes are basically valid. Others have pointed out LINK has now underperformed as long as it overperformed through 2018-2020. This does imo place more scrutiny on the justification or FUD arround token distribution, the dev wallets, the dumping. Circulating supply is still low relative to other wallets. So far the pattern has been node operators dump LINK immediately into ETH hence price deterioration. That doesn't bode well. I will likely buy a bag of LINK some day but due to my macro outlook it won't be until $3, and will be a small single digit % of my port.

LINK holder rationalisations come off desperate and the possibility for any asset to make a countermarket move in these conditions is extremely small, reminds me of that quote about extraordinary claims requiring extraordinary evidence. The current narrative hypes v0.1 staking, a beta version with 1 price feed and zero other services, as causing a 10x move within the year which I believe is mainly a result of holders wanting to dump and regretting not having done so last year, not a recipe for success and basically delusional to the macro reality.

>>49964325
>he doesn’t know
newfag

>>49975805
I was thinking they could offer some kind of framework for anyone to pull their own blockchain out of chainlinks ass.

>>49962280
winrar

>>49962280

>>49962881
2018 /biz/ was unstoppable, I miss those days so fucking much. The 2020 bear market run was also fucking legendary, I definitely thought I was going to be worth $5-10M by now, really can’t believe how it all played out

>>49962215
what evaporates?

>>49962881
>With staking and CCIP on the horizon, everything will change.
could you please elaborate for a newfag?

>>49965192
someone here missed the boat and wanting to buy cheap? kek

>>49980877
The token finally gets on its path to being essential for security