/biz/ - Business & Finance

>>51250158
#24 on cmc. token is not sneeded.

>>51250158
I have seen newfags here buying only L1, "because only they pump"
That l1 hype last year was caused by the problem that most tokens are not needed and so much money was floating around so it went to l1
For now i hold more Ethereum but i plan to add more Link after aa post or pre merge pump
Will be hard to time with smartcon shortly later

What part of "TOKEN NOT NEEDED" do you not understand?

token not sneeded

>>51250158
Oracles don't need their own tokens, fuckface.

token 'sneeded

>>51250158
cry more link chud

>>51250158
cant make dogcum shitcoins or monkeys nfts on your gay ass chain

like the evil fudders said, only midwits who are smart enough to understand chainlink but dumb enough to buy it

>>51250158
>that writing
you need to be 18 to post here

>>51250300
>on your gay ass chain

>>51250158
back to discord, and stay there

meds needed

>>51250197
>>51250210
>>51250230
>>51250288
>>51250296
>>51250300
>>51250351
>>51250322
>>51250397
Where the fuck does the irrational hate even come from

>>51250158
You can do this for the top 100. It's almost all stable coins and L1

It's thousands of IMBs where are the Microsofts? They are there. Utility tokens hidden in a sea of utility tokens throughout the top 100

There will be a FEW tokens that ultra moon. Just finding right ones. My picks..

>link (sold all my 2018 stack over last 4 years. will rebuy if my other stacks moons. Too many HR roasties and sergay dumping"
>BAT (if they actually make bat have utility and almost all coins in circulation)
>REQ (they have working product with about 500 transactions a day. Still has a chance to be the PayPal of crypto. Huge team ETH reserves. All coin in circulation, personally holding 1M)
>RLC (huge eth reserves, hiring 200-400 people medium term)
>GLM (less faith in it than RLC but could be huge)
>matic (too big market cap for ultra mooning)
>Helium
Shill me your others biz and disagree with me

>>51250585
*in a sea of utility tokens in the top 1000.
Think of all the icos in the last 5 years. At least some have to have built what they intended

>>51250158
Bot thread

>>51250580
millions of hours of ML training on 4chan posts

>>51250580
you stink!

>>51250158
BUMP

it's all a big scam

>>51250585
So wait, Chainlink hiring HR women is a bad thing for you, but RLC hiring 400 people is a good thing? You know that some of them would have to be HR, right?

>>51250158
LINK token essentially doesn't do shit, and this is coming from the .001% that actually uses it as gas to pay for accurate price checks.
There is no point in holding the token, all you guys did was make sirgay rich and give him a bunch of HR roasties for no good reason.

>>51250810
500k salary multiple roasties. It's a meme. But sergay dumping isnt

>>51250580
Its a reaction to the irrational linkcels desperately trying to pump their uneeded token. You are no better than the gme/bbby/doge/deuxbeux baggies

>>51250158
The crypto market is still completely retarded.
I'm fairly certain Chainlink has the most legacy connections out of any publicly available cryptocurrency. Don't forget that they have a near complete monopoly on oracle data. When Sergey said Chainlink was going to become the standard, he meant it.
All this means is that we know Chainlink is underpriced and worth buying still.

>>51250158
Oracles are a perfectly fine idea.
But it's a service that needs to be charged for.
The idea that it should be charged for in a strange token does not make a ton of sense when the gas token of whatever network its currently on is more than sufficient.
Not only is it sufficient, but also of course more efficient gas wise(it is the gas token after all).
I'm sorry to break it to you, but in the long run the market will likely move towards an oracle that provides services and charges for them in a logical and transparent manner.
The token is not only not needed, but is an active hindrance to the long term success of the project. And I mean that in all seriousness.
It's a great way to raise funds and then dump on holders later on. If they complain you just point to the chart where they could have sold before for life changing gains back in Aug 2020.

>>51251094
pricing and collateralizing oracles with an L1 gas token is a massive security risk, gives variable security from chain to chain, and makes interoperability a mess

>>51251128
he knows that

>>51251094
Copium of a chainlink bagholder

>>51250158
Christ OP, you need to work on your data layout skills. My rough notes look bettet than that.

>>51250158
Also, if you're a 2018 fag then you should remember when the top 20 was all fucking bitcoin clones. The fact we've moved to the top 20 being all eth L1 clones shows we are slowly transitioning into the blockchain economy we all foresaw years ago. It's just slow and boring there is no "switch flip" moment.

>>51250158
>Gold
Lmao. Lol even

>>51251145
I actually don't know that...
>>51251128
I'm thinking about it now and there are some issues that I could see, and some things would have to be approached differently but I'm not so sure it really implies the need for the token, but I'm not going to say I'm 100% sure of that or anything.
At some of the concerns probably also apply to having LINK on Aave for example, yet people are fine with that.
Collateral seems fine since with multiple chains/assets it's easy to make it not dependent on a single one, could be an improvement.
One advantage would be the flat rate predictability of knowing your contract is going to call the VRF 1000 times at 0.001 LINK each time(not the real rate of course, but as an example) and being able to cover that in advance. That's simple, but there's definitely downsides to that too.

>>51251399
*the advantage of the token with fixed rate pricing, ie the current situation is what I meant there at the end. not that it would be an advantage of not having a token of course

>>51251218
>>51251257
kek, I know. I have this thing where I, deep in the evening, autistically ramble to myself or write barely comprehensible scribbles about crypto and financial markets.
>The fact we've moved to the top 20 being all eth L1 clones shows we are slowly transitioning into the blockchain economy we all foresaw years ago. It's just slow and boring there is no "switch flip" moment.
Very true. pic rel is a similar thing I thought in january.

Translation :
>eth is the BTC of 2017
>topped out nov 10th
>alts either topped out with eth or rallied up in the following 3-4weeks
>text.jpg
>Alts in this case meaning those that try to be like eth, just like how in 2017 things like BCH went up with similar ones. To add to this was the lack of alts in 2017 which led to a speculation pump of all alts after BTC topped out.
>This run we have 14k alts and narratives change alot with tw*tter fags and r*dditors thinking they can beat the market by frontrunning alts before BTC.
>Narratives being L1, shitcoin farms, game ponzis. other alts performed on their own or just followed the general market meaning BTC andothers outside of the narrative.
>Prime example being LINK (oracles) and coins that are trying to be like BTC
>CONCLUSION.JPG
>from this we can come to the conclusion that we topped out and the merge into PoS is a nothingburger and will end the L1 speculation. >Keep a look at incentives of L1's. When they run out it's over. Short polygon, L1's that start topping out or get near ATH in the next dead cat bounce.
This text made me alot of money this year

>>51251438
Okay so other than short polygon, and buy chainlink what do I do?

>>51250158
>Gold
Cringe

>>51251639
buy more LINK

>>51251890
Anon what are your thoughts on FIL

>>51250158
Oracles not needed. Cope seethe and dilate

>>51250580
Mental illness

>>51250158
all-in schizo coin

>>51250580
bots

>>51250158
Chainlink will need to add its own special L0 chain one day even if it is only to track Chainlink tokens cross chain.
The reason Chainlink cannot support a PoW version of ETH after the merge is because its token is on the POS version.
If it had its own token all such limitations would disappear.

A solution may be to bridge the POS tokens to the POW version through CCIP, making the duplicated LINK tokens on the POW chain worthless and making a ELINK token on the POS from the bridged token.

Also we are early like you have no idea.
We were early 4 years ago, and we are still early today.
Why do you think I despaired over the realization Chainlink is a 20+ year hold investment?

For Chainlink to giga pump and reach insane valuations the Web 3 market needs to be mature.
How many years did it take for social media to emerge after the creation of internet?
We barely have a shitty L1 system with insane gas fees right now and a few L2 attempts.

You need for those builders to get bored and switch to building dapps running on those L2 and L3 systems for CHainlink to moon.

>>51250158
>btc=gold
Mein nigger

>>51250158
Shit that most L1s are copies of each other but with a different name, but Qanplatform is totally different from other L1s may be due to its quantum resistant feature and its use of PoR.

>>51250580
wow, what an absolute faggot

>>51250580
You may be talking to someone who hasn't touched grass in 24hrs

>>51250580
>told the token isn't need
>shown tnn
>exposed to tnn in the market
>Where the fuck does the irrational hate even come from
you deserve your misery

>>51250580
>scroll by hundreds of bagholder cope threads
>finally pop into one
>"token not needed lol"
>read replies
>"OMFG WHY DO YOU HATE SO MUCH"
>"THIS IS BULLISH FUD"
>"TOUCH GRASS INCEL TOKEN IS NEEDED"
>"THEY'RE AFRAID!!!"
kek

>>51252886
kek baggies

>>51252875
NOT SUPPOSED TO POST THAT
it was a PRIVATE moment

as a deep tech guy who's been coding solidity since 2017 and has made it through that, i'm still surprised by the narrative smart contracts need oracles to be useful
don't get me started on aggregating centralized providers and calling the result decentralized when you retain admin functions... but i don't even want to single out chainlink specifically. the idea smart contracts need oracles is so incredibly reductive compared to the actual potential of this space, it boggles the mind

>>51250158
Oracle not needed

>>51250158
under the radar because they were giving their services for free.

Economics 2.0 begins, wait for Smart Con.

>>51253049
Oracles are as useful to smart contracts as the internet is to the computer. No one is saying a computer on a local network isn't still useful, but connecting to the internet offers it so much more utility.

>>51251128
What’s more, people often forget or are not even aware that LINK is erc677, which has unique function

>>51250158
That's why I hold LINK.

>>51253113
>be me
>Own website that the ICP uses for their data feeds
>GeniusIdea.jpg
>Open 100x short on an asset
>Miss report that assets price *Oopsie!*
>??????
>Profit

cross chain utility is a sham, it will always be more effective for the system to exist wholly contained, baggies are a bunch of burnout midwits that think they are geniuses because they could understand some math equations in a whitepaper

>>51254774
>it will always be more effective for the system to exist wholly contained
Why?

>>51253049
The reason you do not want to rely on a single party or service just aggregating a bunch of centralized providers and coming to a single party is that they have stake in it and thus no direct incentive to provide the actual truth 100% of the time. You can have an upgrade to your system where you conveniently change the different sites you gather the price feeds to ones that you control or have the ability to exploit, while all the users of your network basically rely solely on the trust of you providing the truth. Now you exploit or hack these centralized websited you gather data from and with plausible deniability you can fuck all these people relying on your shitty api call. Now crypto is getting bigger and when relying on every service provider to make their own shitty pull requests you are going to have a bad time. With LINK, a decentralized oracle network, there is risk involved with providing the truth and coming to a consensus, be it in an implicit way or getting slashed. Chainlink is monetizing data and truth for the future of digital agreements, where you can be certain of these node operators reaching consensus without having to rely on trusting a centralized power to make the correct api calls

>>51250158
>WHERE IS CHAINLINK???
It's hidden or at least that's the pretending. Jews can't allow the masses to access the prototipoe of oracle shares, but they have to keep it public for anyone to discover to buy it as to not fuck up with Universal Karmic Laws which they fear (like when free choice kill jab for instance)

>>51250580
>irrational