/biz/ - Business & Finance

>>50521337
>Eth clone


Users Eutxo, you retard.

What is the token used for?

>>50521337
>1337
Checked.
Cardano markets on Youtube to retards. Chainlink doesn't. That's literally all it comes down to.

>>50521383
Literally everything on mainnet.

>>50521391
I was talking about chainlink

>>50521395
So was I.

>>50521395
kek

Hey Charles, where are the dApps? You said there would be thousands if dApps on the chain by now. Why are there only 580?

Why does Polygon (a much younger chain) have more than 30,000 dApps?
Why are you letting Polygon smoke you like that?

>>50521389
>Cardano markets on Youtube to retards. Chainlink doesn't.
Chainlink has Swift marketing it on Youtube.

>>50521389
>Cardano markets on Youtube to retards. Chainlink doesn't. That's literally all it comes down to.
exactly. I am still buying ada purely just to dump on retards, it's inevitable they will push it to a new ATH next bullrun despite being obvious vaporware. Tech simply doesn't matter.

>>50521337

chainlink token not needed, tec works without it as good as with it

I think it's worth buying back in but I'll coincide the dapps on it so far are not very impressive. It does seem to handle nfts especially well but defi is very young.

>>50521337
i hold.a shitload of both ngl
and both are going to pump hard next bull run

>>50521484
Chainlink would not work at all without transfer and call.
You retard.

>>50521383
>>50521391
BTFO

they're both vaporware and you are all retarded

>>50521579
>vaporware

>Cardano claims zkEVMs aren't going to be possible until 2030.

>Polygon does it in literally a year

Cardano is retarded and so are it's holders.

>>50521579
That’s one of the most basic gestures humans have been making ever since we became bipedal.

>>50521484
retard the "token not needed" fud is supposed to be for r eddit, not people on biz

>>50521585
yes, you heard me right, vaporware

>>50521592
>That’s one of the most basic gestures scammers have been making
ftfy

>>50521337
fuck you I like both

>>50521597
ADA is one of the least adopted L1 chains, while Chainlink is one of the most adopted cryptos; including adoption by all those L1s that dwarf Cardano.

>>50521579
>>50521598

>>50521618
yes, indeed it has the most vaporware integrations in the space, that's true
too bad it remains useless vaporware though
>inb4 nooooo chainlank da best fundamentals reeeee
ok, prove it by staking your shitcoins like right now, or setting up your own node RIGHT NOW
>j-j-just wait for staking v.1
then it's vaporware

>>50521624
>prove integrations by staking

wow

>>50521629
so you can't prove it's not vaporware
gotcha
please keep up the hopium posting for deluded and demoralized bagholders

>>50521635
>so you can't prove it's not vaporware
I already did: >>50521585

>>50521638
that proves nothing, it's an info graphic by the company themselves, just like this>>50521597
every shitcoin in the space has made one

>>50521639
>massive adoption doesn't prove it's not vaporware

>>50521646
>le massive vaporware adoption!1!
https://finance.yahoo.com/news/cardano-plans-build-national-id-073828481.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMLIvGnqG6O8PL7bIG062pGQnfz4Z3ybTSkSqv-NEby5dZEFWXChJ6LqafM3HThwRvtvsuFjDBIXx8Q5b7tO9fSL6VlFbXAJTF_YN4SIvrcOQEBDmpZryykJdqlkzN4Cstrwm7N6cXWe8f6-773itFO72OIPndeteYJC8uoalRGD

>>50521639
> it's an info graphic by the company themselves, just like this>>50521597 #
every shitcoin in the space has made one
That infographic by Cardano proves its adoption rate is abysmal.

>>50521657
this infographic proves that crypto companies are not to be trusted
nice definitive truth you got there

>>50521654
>plans
Protip: it never happened.

>>50521664
protip: even if it would have happened it would amount to nothing

>>50521662
Anon, even Cardano’s own infographic show how little adoption they have.

>>50521668
k lol
Meanwhile my proof shows massive use and is 100% verifiable on chain.

>>50521673
way to miss the point, they're all lying
>just wait have a decade for a working product goy!
>muh most professional team in the space!
>>50521678
you can't verify shit, your only source is whatever bullshit Chainlink tells you, go ahead and show me some meaningless txs

>>50521696
>you can't verify transactions
>except by verifying transactions
>except transactions are meaningless

>>50521696
Why would Cardano lie about having abysmal asoption?

>>50521712
you can't even name a single serious project that is utilizing link's services
>>50521720
abysmal adoption is better than the truth

>>50521337
Chainlink is connected to Cardano smart contracts right now. You know the Chainlink foundation and the Cardano foundation are partners right?

>>50521728
But why wouldn’t they lie anout having great adoption?
I mean they’re already lying according to you.

It’s almost like they can’t lie because people can check on-chain or something haha

>>50521769
hahaha you can't check shit you incompetent moron
using your own retarded logic, BSV has by far the most adoption out of every crypto, solely based on txs
it's bullshit

>>50521337
token not sneeded

>>50521799
> you can't check shit
So why didn’t Cardano lie and say they had great adoption, if you can’t check anyway?

>>50521827
because you can't check anything, so they can get away with whatever lie they come up with
are you retarded?

chainlink may have good utility but it sucks monkey dick when it comes to making you money

>>50521827
https://chainlinktoday.com/cardano-announces-strategic-collaboration-to-integrate-chainlinks-oracles/
look how vaporware scams cooperate with each other

>>50521597
Lend/borrow
>Celsius

>>50521852
You're thinking of centralized lending. Try AAVE/Compound

>>50521337
Funny to see different sect cult mwmbers at each others throat while fighting for their "revolutionary" coins.

>>50521834
> so they can get away with whatever lie they come up
Which is exactly why it makes no sense that the lie they “came up with” is that they have really shitty adoption.
Boy you sure are slow huh

>>50521416
/thread

>>50521900
there you go, they have expanded on their lies

>>50521664
protip: never have one, just move by inertia, I did that and now I have 3 cats and a bag of zha0
life compensates me for being submissive to it.

>>50522002
That’s nothing compared to other chains, and ludicrous compared to Chainlink.
It also doesn’t change the fact that according to you they could’ve lied about having tremendous adoption for years already.

>>50521728
>you can't even name a single serious project that is utilizing link's services
Compound, Maker, Deutsche Telekom, Associated Press, ...

>>50522054
For a haskell chain its pretty impressive. That's without much documentation and on a completely new architecture. Not like you can just fire up solidity and get writing, these are a lot more secure than that

>>50521834
>you can't check anything, so they can get away with whatever lie they come up with
If that were the case, they would've at least lied to make pic related come true.

>>50522242
> That's without much documentation and on a completely new architecture
Same applies to Chainlink

>>50522054
they are lying and your nuanced retarded argument is
>huuurrr why don't they make their lie BIGGER??
congrats, you are beyond retarded
>>50522236
>compound, maker
LMAO amazing shitty centralized projects right there
>Deutsche Telekom, Associated Press
first of all, it's T-systems, and they are not utilizing anything, they're running a useless node which fetches price feeds they don't utilize at all, and at the same time they've been subsidized by Sergey to keep it going.
tell me, what exactly are these price feeds been used for? defi bullshit? lmao

>>50523085
>16pbtid
40 more to go for your next payment

>>50521383
TOKEN IS NEEDED SHUT THE FUCK UP

>>50523085
Anyone can go on chain and see for themselves.
That’s why they can’t lie about anything that’s on chain.
That’s kind of the point of blockchain.

>>50521395
Zing

>16 posts

>>50521597
All this shit is meaningless, the only thing that matters is TVL, Cardano doesn’t even have 125 millions, that’s not even 1/7 of arbitrum ,e,.

>>50521579
but Sergey is a good guy

Chainlink is a data feed provider. This isn't anything special.

>>50521395
lol

Token needed

>>50524408
Wow, .005 LINK. I'm sure the supply of this billion supply premined scam will dry up in no time and the price will go into the thousands...NOT.

>>50524467
That’s one single contract, there are already thousands and more being added every day.
And that’s before staking.

>>50524580
And yet the price has been in the shitter for years. But let me guess, that's because of the Bulgarian tranny Jews, right?

>>50521585
>August 2020, few projects on mainnet
$20
>July 2022, 1300 projects on mainnet
$6
That proves token is not needed

>>50524580
staking will change literally nothing. The token will be as un-needed as before.

>>50521337
Cardano
>useless technology, but a well marketed shitcoin that offers great profit opportunity as a speculative investment dumping to redditors
Chainlink
>incredible technology that will be at the center of web3 in the future, but a token that is not needed and the dev team actively suppresses its price by dumping on holders

>>50524602
> And yet the price has been in the shitter for years.
Yes, despite having by far the most user growth in all of crypto.
Meanwhile literal dogshit like Cardano is still top 10.
Kinda the point of this thread.

>>50524638
>>50524606
>token not needed
Literal bots

>>50521337
> novel model with a lot of crypto research behind it vs erc-20 token

>>50521623
>Egyptian hieroglyphs do the same gesture

It’s the ancient hand sign signaling a…

Pyramid scheme ;)

>>50524467
sorry tranny. the only two things that tradfi need from dlt are oracles and stable coins.
permissionless Hobbsian nightmare simulators not needed

>>50524702
The only ones shilling the chainlink are bots.

>>50521395
It's over

>>50525527
Yeah and that guy in this thread with 16 posts is definitely arguing in good faith

>>50525717
everything he's said is irrefutable.

I always found it hilarious how celsuis on it's deathbed decided to short one of the few legit projects in this space instead of garbage like ada or xrp.
Absolute clownworld .

>>50525849
How do you know they weren't also short ADA and XRP. Also there's no proof that they even shorted LINK in the first place.

>>50524603
>That proves token is not needed
No it doesn't lol.

It could be that LINK at $20-50 was speculated on beyond its current cashflows i.e. just like every other asset in the past 2 years

>>50521337
Isn't Chainlink just an ETH Token that's not needed?

>>50525889
How do you know its current value is not also speculative? Maybe the true value of the token is worth less than a dollar. Didn't the original whitepaper predict its value to be a cup of coffee in ten years?

>>50525958
It's an ERC-10 but yeah one massive flaw of the chainlink token is that it could be replaced with a stable-coin which would have no effect on the network itself. Most pointless token in all of crypto.

>>50525978
>How do you know its current value is not also speculative?
I don't
Realistically, it still is, but what matters more is where LINK is going. I'm not saying I know that either, but that is what matters for sure.

>>50525978
>Didn't the original whitepaper predict its value to be a cup of coffee in ten years?
This we can at least look up and verify. I just looked through https://research.chain.link/whitepaper-v1.pdf and it didn't have any mention of that

>>50526106
I'm not a chainlink expert by any means but I've seen multiple screenshots on this board about it being the price of a cup of coffee in a whitepaper. Aren't there two whitepapers, it might be in the other one?

>>50521337
>one is a disgusting scam perpetuated by a fat russian with pajeet shills on a cambodian fly fishing forum

>the other is the future of blockchain

>>50523945
in your dreams, he is the biggest fraudster of them all, prison for life

>>50525527
hahahahahahahaha no

>>50524603
That's not how valuation works.

>>50526130
>being this new

>>50524702
Token not needed.

>>50526130
Just checked the 2.0 version and no. If anyone can show us where the founding team ever said this, I'm interested.

Otherwise, it's looking completely falsified.

>>50521337
It's over bros, LINK is not new tech, a hidden gem, or a coming 10-100x. LINK is mainstream and is in Twitter roasties bio. It’s a corporate entity now, so Sergey has to dump another 750k LINK to hire talent managers and diversity officers. LINK hasn’t been the biz token for over 2 years now. Just sell anons... i-i-iit’s over. It was a good ride.

>>50526196
you sure?

>>50526234
fake

>>50526234
That is from years ago before 2.0 was even considered. Node operators will need to slurp as much link as possible skyrocketing its demand and shrinking the market supply after staking is released. Seethe

>>50521337
So much butthurt between you lot is a massive buy signal for me.

>>50526130
There are two white papers.
One is called the cup of coffee white paper.
The other is called the Big Mac white paper.

>>50526345
Not true

>>50528025
Is true.

A node with more Link staked gets the opportunity to process extra transactions and a chance to increase their reputation score thus earning even more transactions resulting in a positive feedback loop and a competitive environment between operators to slurp as much staked Link as possible.

Its a complete 180 in how Link is used and seen today but the normies cant seem to grasp the significance of this change

>>50525997
Gotta love the pseudo intellectuals, you have no idea what your talking about and probably repeating another anon but missing the point. In theory current link (not 2.0) could be replaced with a stablecoin but why tf would u rely on another project when your own token is more secure and works just as well regardless of its value. In theory loads of project tokens could be replaced with a stablecoin, shocker I know. But it's retarded to do so

Fucking retards I swear

>>50528532
It isn't, as long as Sergey cockblocks competition for his WRF fag buddies

>>50529077
>your own token is more secure and works just as well regardless of its value
So your saying the token has no need to increase in price? What's the point of buying it then?

>>50521597
is that a fucking pikachu with lactating breasts?

AHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHHAHA IMAGINE POUTTING THIS INTO YOUR "INFOGRAPHIC"

says a lot

>>50529077
>>50529328
Replacing link with a stablecoin is honestly kinda stupid, firstofall who would pay the team and where would the dev incentive come from and how would u efficiently use another stablecoin without doing some extra trickery.

Anyways this fundamentally wont work with the coming implantation of Link 2.0

>>50529166
Care to elaborate ? Anyone can become a node operator and as the total value secured increases so do potential fees for node operators creating another positive feedback loop where increased demand for the use of chainlink naturally leads to increased demand for LINK itself, which results in the incentive for node operators to increase their stack exponentially.

>>50521337
both shitcoins
Vechain will be the most valuable blockchain, catering to fortune 1000 enterprises & governments

>>50529609
chainlink applies a kyc and aml process on node operators before accepting them on the network, I don't see a reason why Sergey should know my ssn

>>50529328
Supply and demand.

Why would u buy ethereum when it will work just as well at 1usd per eth as it does at a 10 000 usd eth.
I can't believe I had to spell this out

>>50522002
last time I saw a chart like this I tried around 10 protocols half of them were 404 the rest didn't even launch or was just jpeg shit like Sundayswap

>>50529402
>pikachu with lactating breasts
just bought 100k Cardano (ticker: ADA)

>>50529686
Ah like so, fair point tho i don't think the major corporations incentivized to become operators will give a flying fuck to be honest.
It might scare a few big lone wolfs off but meh im still very much bullish on the future of link.

> https://youtu.be/7Mxo6sSicWs

charles literally promised the cardano cucks thousands of dapps this year when there's barely 600 dapps on cardano compared to matic's ecosystem that's powering over 20k dapps

>>50529609
Nope it's the other way around. Creating the link token will have negative consequences for the network when it actually is up and running. A stable coin will be better for the primary reason that... it is stable. Hypothetically if nodes were compensated in link tokens for doing a job... and the price of link crashes then this won't attract node operators to take on these jobs, whereas a stablecoin would incentivise more people to participate in the network.

>>50524408
TOUCAN NEEDED

>>50529904
Again this will fundamentally not work with LINK 2.0 but the explanation why would be to diluted to for a 4chan comment.
But for todays link, how would they pay the team and where will the development costs come from? would they make their own stablecoin and if yes how are they gonna keep it pegged and/or will they use another stable ?.

> And the price of link crashes then this won't attract node operators to take on these jobs
They would up the price of the service einstein, even now it fluctuates depending on links price, a healthy network will naturally result in a increasing price and if it crashes that much it was probably shit anyways.

Technically it could work with a stablecoin but economically it doesn't make sense.

>>50529328
The token has to have a high market cap to be secure, Vitalik even admits this specifically talking about oracles.
A high market cap is also needed to provide enough staked collateral for the value running through the network.

>>50529904
A stablecoin requires an underlying system to work, which adds massive complexity and risk to an already complex and high-stake system.
Plus, according to people like Vitalik, it’s even becoming more and more clear that the best stablecoins will require oracles; so obviously this would create a massive conflict of interests and therefore a huge attack vector.
It’s just a really really dumb idea.

Also, the same logic would apply to ETH and any PoS coins.
Hell it even applies to PoW since a stablecoin BTC would protect miners against massive dumps before they get to cash out.

In short: you’re trying too hard to hold Link to a different standard than literally everything else.

Can we conclude that both ADA and LINK holders expected to be dollar equivalent multi millionaires by now and it just hasn't happened?
And now we're throwing shit at each other for literally no reason other than trying to alleviate the pain?
>inb4 there are only ADA and LINK millionaires itt

>>50530545
>ADA and LINK holders expected to be dollar equivalent multi millionaires by now

Nah uhh totally not true.. . .ii-i swear my expectations where set in reality and i definitely didn't fantasize about owning a lambo by now.

Here is my metamask adress:

0x86910bf097634dD5133719E386805997BADA3c0B

Send whatever you want don’t expect anything but wanna se if someone would send anything :))

Users can already catch a glimpse of syscon's applications with their ground-breaking NEVM whose first phase was introduced on 6th December 2021.

>>50529402
fucking KEK what a joke. Please don't tell me this was made by the cardano foundation

>>50521337
>It's inflationary without staking
Tokenomics is garbo

I owned LINK since 20c and I still can't figure out if the token is actually needed

>>50532961
Then according to you BTC and ETH’s tokenomics are garbo too, huh?

Also, Link isn’t inflationary. 1 billion were printed and that’s it.

>>50534810
The token has been vital to literally every single transaction made by the Chainlink network since May 30, 2019.

>>50532961
>eth pow
inherently a ponzi with no use case
>eth pos
a ponzi with no use case
>btc
inherently a ponzi with no use case

>>50529402
Fucking kek
Lel even

>>50529402
WTF lmao cardano faggots hahaha

>chainlink mc less than cardano
imagine what will happen when chainlink begins aggressively marketing its products and staking, CCIP and enterprise are all rolled out in conjunction. You're either on the bus or you're off the bus at that point. There will be no playing catchup, unless you have very, very deep pockets.

>>50537333
Cardano has like 3 mil users and regularly pulls $4m daily sales for NFTs, I think the market cap of LINK, an Oracle (not even the only Oracle on Cardano) will stay below it.

>>50537333
Imagine there is no bus coming and you've all been waiting in vain for so long. Everybody was looking at you funny from across the street, some even came over to ask you if you were alright and that there is no bus, but you rejected them. There wasn't even a schedule or anything, you just somehow collectively decided that a bus would surely come if you just waited long enough. It's bizarre, anon.

>>50529904
The cost would be determined in USD first, and then denoted in LINK. The USD price will be set by node-operators depending on their operating costs.

>>50537425
>$4M in sales
Chainlink secures billions. The question is how much of that do token holders see? If you've not read up on Chainlink tokenomics, then you should.

>>50537430
>bizarre bus
It's not so bizarre when you consider that staking is to be realeased in the next few months. Okay, you might think that Sergey Nazarov was lying when he announced that on 1st Jan this year, but don't expect many to agree with you.

>>50537425
Ok. Whatever you make think about that, there is no denying that Cardano is currently massively overvalued. Look at it's MC, while being a ghost-chain, compared to MC of Avalanche which actually is thriving (no avax shill here, just using an example). Cardano is not a safe investment atm due to this.

Unfortunately, I've got 13k ADA haha. I am waiting for Vasil release on Mainnet to sell, and then I'm going to buy into Link before Smartcon.

>>50521337
All of the value that Chainlink provides is added to ETH's marketcap, not LINK's. If you want to use Chainlink services the majority of the price will be paid in ETH due to ETH's exorbitant transaction fees, not LINK. LINKers are just cuckolds that make ETH miners richer.

Your creator spent all of 2021 dumping tokens so it's natural

>>50537547
>to use Chainlink services the majority of the price will be paid in ETH due to ETH's exorbitant transaction fees
This is a legit point that I haven't thought of before. So for every time they pay node ops in LINK, they have to pay some ETH on top of that? wtf?

>>50537499
>bagholder fantasy
I don't think he was lying, but it's not solving a problem anyone had (except for people immediately selling the token for useful money, but adressing that issue openly would mean admitting that they care about the price, presumably because selling their $0 tokens is their main stream of income), so it's impact on price is going to be negligible.

>>50537710
>fantasy
Looking forward to my 5% fantasy in a couple months. Looking forward to Eric Schmidt's fantasy, and the guy from Swift apparently has some good fantasies, too.
You're not fudding anyone, kid. It's over for you lot.

>>50537775
You mean a price increase of 5% over a couple months? I mean that's not unreasonable, but nothing to write home about

>>50537547
>>50537660
> All of the value that Chainlink provides is added to ETH's marketcap, not LINK's
Gas is paid in whatever the underlying chain uses.
Actual node fees are in Link.

>>50537512
Cardano by all objective metrics has more activity, more development, and a larger community than AVAX.

>>50521395

>>50538061
>Gas is paid in whatever the underlying chain uses.
That's the meaning of it being blockchain-agnostic? I believe you, but where can I read to understand this? Because as I understood it, Link is an ERC token and therefore needs ETH to transact.
>>50538083
>more development
Not meaningful development though. You can't judge the project quality by number of github commits.
>a larger community than AVAX
Yep, but only redditors and youtubers. The ecosystem of Cardano is dead though, unlike Avalanche.

Anyway, I'm not a defender of Avax by any means. But Cardano is massively overvalued, and you can't get rich by investing in things that are overvalued. That's my only point in comparing them.

>>50535589
If only you know that the next bull run will be all about utility, you'd sell your shit link bag and look into secret network

>>50538186
> That's the meaning of it being blockchain-agnostic?
Lol yes?
Chainlink connects to all kinds of chains, and gas is paid in whatever that chain uses.

> Link is an ERC token and therefore needs ETH to transact
And?

>>50521585
>erc20

Honest price predictions for cardano in the next 5 years?

>>50538730
1T market cap in next 5 years.
5T market cap in next 10.

>>50537800
How much will Cardanos go up in 2 months?

>>50526165
cant read that too tiny

>>50540009
It's some drivel talking about the Great Reset and other schizo babble anyway.

>>50537333
>imagine what will happen when chainlink begins aggressively marketing its products and staking, CCIP and enterprise are all rolled out in conjunction.

I believe they've been doing this. Just not towards retail investors.