/biz/ - Business & Finance

>>51712597
Crypto normie investors are retarded. How is this surprising? Did you already forget about the dogshit coin mania?

>>51712651

No i did not. However how have you not noticed the progressive decline in the intelligence or mindset of crypto investors over time?

Since 2016 or so it has been shocking but especially since 2021.
This kind of thing would have cause a pump on any coin it happened to quite significantly pre-2021.

>>51712597
ugly af boomer subhuman
RIP MIGUEL SHOT IN THE DICK 1997-2019
chainlink sucks dick TOKEN NOT NEEDED

>>51712694
>progressive decline in the intelligence or mindset of crypto investors over time
I naively used to believe that the average person would become more informed over time. In hindsight, I was (and still am) retarded.

>>51712694
Normies do not take a look at the world around them. They don’t even know who Eric Schmidt is, if they do dare to invest in a crypto they throw 10 dollars at a random one hoping it makes them rich, and sell when it goes to 9. Normies only do what they are told, zero critical thought. Once the news mentions Chainlink they are free to pump my bags at $1,000 a Link

Do you really expect moonboys to have any understanding of the significance of shit like this?
https://blog.chain.link/cf-bitcoin-interest-rate-curve-cf-birc/

>>51712784
Explain

>>51712752

On the same note. Look at the Swift situation in relation to XRP holders.

Chainlink for over a year has had direct connection to Swift in a “working relationship”. This wasn’t enough apparently.
Now Swift in person announced a product with Chainlink being used, re-iterated their working relationship. XRP holders? Still snub it, critisise it as not real or only a XYZ, meanwhile their “proof” of a more substantial relationship is still random breadcrumbs and names, nothing changing in 5 years. They are convinced that “the lawsuit” is holding back SWIFT from shouting from the rooftops “XRP IS THE NEW USD”.

Utterly ridiculous.
I know why that is so: bagholder mentality, retardation and seethe about being wrong while also having a tribe mentally.

>>51712784
>proven true within 3 minutes
>>51712821

>>51712597
look its that one guy that gets mad when everyone is having a good time at someone's birthday

have sex incel

people aren't stupid, they just don't have the time... they prioritize socializing, eating nice places, partying....

we just happen to spend our spare time thinking
we're not smarter, we just have more bandwidth to spend on this shit, and the combined aspieness to end up here

>>51712597
It will all seem obvious in retrospect anon (in fact I guess your point is that it seems obvious now, but in retrospect it'll seem obvious to normalfags I mean).

>>51712597
He looks so weird in photos but looked good during fireside chat

>>51712937

Crypto normalfags will say shit like

>i saw the news and knew for months/years about Eric Schmidt and Swift but the price didnt pump so i thought it wasn’t that important otherwise it would have pumped back then :(

>>51713001
He aged well

>>51712911
People are too busy celebrating Von Mises' birthday but OP is just another weird incel

Happy Birthday Ludwig Von Mises thank you for your service

>>51713020
That’s what drinking chainlink extract will do to (You)

>>51712694
>>51712832
It really does feel like the either the lockdowns, the jabs, or both led to something like a 15-20 point drop in IQ across crypto. There's literally nothing that can be said to them, they're zombies. My best guess at this point is that people now prioritize being part of a community more so than buying critical Web 3 infrastructure. This is definitely true of most Chainlink shills on Twitter. People talk about parasocial relationships with podcasts and whatnot, maybe retail has fallen into parasocial relationships with their crypto communities.

Did he say they were offering him 20% of the network? Sorry, I was high when I watched it.

>>51713161

Its zoomers imo. They are even less computer literate than the average millennial, have less life experience or knowledge, less money and all the new apps and improved service since 2017 made crypto brainless to participate.

The 2017 equivalent of Shiba/safemoon were something like Verge/Raiblocks.
Both were shit even back then but you can see at least a clear difference. In 2017 they were just shit projects trying to do something relevant. In 2021+ they were not trying. Just shit

>retards: "It's Cardano's 5th birthday!"

>midwits: "Tokenomics don't matter! Chainlink is liked by Google guy so price should go up!

>geniuses: "Cardano is the most well thought out project in crypto with a token that is actually needed and will actually rise in value with use"

Chainlink midwits are going to be poor forever because they don't understand economics and unironically use the usual reddit midwit phrase "Code is law!"

It's not normoids you should be thinking about. They're not the ones who pump the price. They barely understand what crypto is, even though they buy it. It's the killer funds - Alameda, Jump, a16z, etc. They know what Chainlink is. So why don't they buy? Part of it could be distraction - there is so much going on and so much information to track, they cannot react to everything immediately. Part of it could be illiquidity, as everyone has taken a beating. Part of it could be ego; these funds don't buy late, they buy early, they control the price. Sure, they already have monster stacks rivaling the biggest bizwhales, but they're not trying to pump the token.
And it could be that the theories are right, that chainlink has been systematically shorted all this time. Covering those shorts takes a long time. The token pumps from the close, then gets dumped back down, repeat over and over again as accumulators give you liquidity until the short is gone. What is the open short interest on chainlink, has it gone down over time?

>>51713252
>It's the killer funds - Alameda, Jump, a16z, etc. They know what Chainlink is.
This is what I'm increasingly not so sure of. Eric Schmidt said it himself at SmartCon, basically the only people who understand Chainlink are the people at SmartCon and a handful of others. For years stinkers have thought of Chainlink in terms of "only we few on /biz/ and the financial elites know about Chainlink" but it may very well be the case that only a handful of the financial elite know about Chainlink. The market is just too clueless and despite what Sergey said a lot of this is not adding up.

Do the opposite of what the Jews say

>>51712694
I've noticed a significant decline in intelligence across the board in the last 3 years. Whether it has anything to do with wearing a oxygen-restricting mask for months on end is purely speculation. However it can be factually stated that accessing enlightening information on the internet has become progressively more difficult over the past 20 years.

Chainlink token is not needed

>>51713233
Please stop posting these revolting selfies.

>>51713371
I just put in $100 a month in case it does somehow end up being $1000 a token in 2030, judging by how things are going it is a very long play and there is plenty of time to mess around with other stuff.

>>51712832
Yea XRP is definitely a midwit trap. I still own 100 ill never touch just incase though.

>>51713161
Also this

>>51713233
Please go back! Don’t make me say the nigger word.

>>51712694
>However how have you not noticed the progressive decline in the intelligence or mindset of crypto investors over time?
It isn't decline, it is watering down of intellect as normies come into the sphere.

I only have 1200 link
It sickens me that I don't have more, I'm barely able to work but I cannot sell my link.
I wish more than anything I had 5k link or 10k would be a damn dream.

>>51714270
I'm right behind you, deciding whether or not I should try to hit 1200. Maybe 1500.
Jesus Christ, just give us staking already, you fat fuck. Something. Anything.

>>51714345
I had 1395 but I had to call out of work for two weeks so I had to sell some fuck me.
God damn these suppressors somethings going on even Eric was basically jumping out of his skin it wasn't rapidly pumping.
Eric if you read this just fucking spend your billions and pump the god damn coin till fomo kicks in.

>>51713706
To all the newfags and lurkers here, you have time until you have not. Bear market link will rip you apart. You were not here when link pumped 100x against btc while btc was in bear market. Link has its own bear cycles and it is about to end. Single digit link is where you should be going heavy not when it pumped. You already have a winning play act fast. ATH was 53$ at worst it is a 7x play before price discovery. People in the stock market would kill for easy 700% increase or potentially more. Act fast and go hard before it gets discovered by normies. Save yourself from the wagecage. What more confirmation do you want after swift collab and price is single digits.

>>51714375
I saw it rip to 54 I had 500 link at the time and I ended up holding as it fell 90% and i panic sold.
Cost me everything but I know better to ignore link.

>>51712832
>Chainlink for over a year
Chainlink has had a direct connection since ICO - it was reconfirmed a year ago.

>>51714357
Did Eric mention the price action?

>>51714443
Watch the talk you retard. Then watch it 2-3 more times.

>>51714413
And when you confront XRP bag holders with SWIFT's explicit, stated intention to use Chainlink for their blockchain integration they'll either start regurgitating schizo talking points or talk past you because the point cannot register in their mind. I'm singling out XRP but this is a broader phenomenon. During the 2017 bull run there was a lot of accumulated knowledge and in the resulting bear market there was reflection on what was learned. Where is this going? What does the next generation of blockchain products look like? Which technologies are best situated to drive these innovations? People are too demoralized and psychically fried to contend with these basic questions. /biz/ is as braindead as Twitter which is as braindead as Reddit. It's nothing but bots and zombified bitbois all the way down. SAD!

>>51714613
Good rule of thumb is to rule anything out that has a general, especially one as long running as XRP's

>>51713918
MOOOODDDSSS HE SAID NIGGER BANHAMMER HIM

>>51712694
Covid's side effect is impaired cognitive function. I am sure all of you have felt you were thinking as well as you usually were at somepoint during the pandemic.

We've all been permanently brain damaged by a U.S funded virus

>>51714448
I will, you cunt

>>51714375
>it will hit $53 again… because it will!
I fucking hate you guys

>>51712597
Dude literally looks like a reptilian

>>51714749
No, it will hit between 300$-500$ in the next linkrun.

Based thread op

>>51712597
This motherfucker looks like if you took Bill Gates and made his face even smaller.

>>51714398
You are gonna make it anon.

>>51715203
I fucking better dude I'm so god damn tired and feel like I'm repeating 2021 again where I'll have to sell my shit low to survive and when I have nothing left it will moon.

>>51712651
you are literally all in in a glorified JSON parser don't lecture me about my dogcoins, at least I know why I hold them

Masses are retarded, news at 11

>already securing most of web3
>track record of 5 years with 0 fuckups
>endorsed by all major defi, cefi and now tradfi (SWIFT, DTCC)
>working layer 0 protocol making L1 interchangable
>working privacy preserving protocol
>working remedy for MEV mafia
>literally no competition and guaranteed value capture in trillions of dollars
>rank 22 by mcap

>>51712694
No that's not it, Chainlink is just old tech nobody cares about anymore. They've been spewing paper promises for 5 years now and are still doing it. It's like going to the first high school reunion and there's one guy saying like he's gonna outperform everybody but he's a NEET incel. Then finally on the third reunion he shows up and shows people that he got promoted to McChicken supervisor at McDonald's. Meanwhile all the others have already retired, founded charities, have 6 children and hot tradwives. Nobody gives a fuck anymore dude, Sergey blew it

>>51712597
Cardano just partnered with Swift; 12k banks will be using the Cardano Cross-chain Interoperability Protocol (CCIP).
Chainlink will NEVER come anywhere close to this kind of adoption, which is why Cardano is rank 8 and Chainlink is barely even top 20.

Just take the L, chudcel.

>>51712597
> Dont interact or care about any other crypto
In his chat he explicitly talked about dealings with other cryptos.

>>51715466
Nice digits, but guess what? You don’t advertise before any of that. What do you think economics 2.0 and Schmidt mean? It means the 5 years of no fuck ups means all systems are now go. It means linkies will soon be richies.

>>51712651
fpbp

>>51712832
Only reason to hold XRP is for the post-SWIFT world. I believe the plan is for a transition period where SWIFT and whatever the new system is will coexist, and LINK is obviously important for this.
>t. 2k LINK stacklet and 5k XRP just in case the schizos are right

>>51715467
> It's like going to the first high school reunion and there's one guy saying like he's gonna outperform everybody
You mean like how Chainlink outperformed the entire crypto space in terms of growth, adoption, legacy interest, …?

>be eric schmidt, ex CEO of Google who made it what it is
>be fetus
>get aborted
>world is a better place

>>51715509
>soon™
lol I don't care, I'm not selling a single linkie, not at $100, not at $1k or $81k, I'll take my stack to my grave. I just find it very funny that the asset that holds most utility is valued lower than fucking dogecoin or cardano lol

>>51713233
>Tokenomics don't matter!
They matter a whole lot, actually

>>51715518
I'm actually curious because I don't visit XRP threads, why do you believe there will be a "post-SWIFT world"? do you expect tradfi institutions to stop using SWIFT solutions, or are you anticipating a world where existing financial institutions become obsolete?

>>51715520
what growth? it's a centralized network with 20 nodes, nothing works it's all just proof of concept, and literally the entire market outperformed Chainlink the last few years because they actually delivered

>>51715572
A post-Swift world would need oracles all the same.
In fact, it would make Chainlink flourish even more since there would arguably be a lot more parties offering financial services, i.e. a lot more contract operators.

>>51715586
>what growth?

>>51713233
can you specify which part of Cardano design is so well thought out? I don't follow it very closely, but to me it's just another platform with a lot of disadvantages (current scaling issues, horrible smart contract ecosystem). if I understand correctly you believe at some point those problems will be overcome and it'll start competing with EVM, but what qualities of Cardano platform do you think will make developers and users choose it? just so we're clear, I'm not saying it's impossible, I just feel like I'm missing something because nothing I've seen from Cardano seems to be solving any of the real issues of current platforms. by real issues I mean scalability (which rollups solve), privacy (which DECO solves) and user experience (which has no solution as of yet)

I'm still haunted by that moment where Eric asked Sergey about his thoughts on 'AI' programs being usefully able to trawl public data to improve on human capability and Sergey just started talking about AI robots like an utter fucking retard.

I get he was nervous and these things happen but it was actually horrible.

>>51715572
Not an expert and actually I need to deep dive on how exactly SWIFT plans on using blockchains. From the XRP schizo standpoint, the post-SWIFT world is when the SWIFT messaging service is deprecated in favor of a network like Ripple for cross-border transactions/remittances because it's faster, more secure, etc., etc.

>>51712597
Hoskinson shills his nothingburger really well, went in front of congress and bullied them around with confidence and charisma, Sergey's been advised by Eric for years now yet can't get a full sentence out in front of him, and doesn't even listen to his advice, Eric tells him in front of everyone to stop doing meetings on Zoom and that he already told him to before and Sergey can't take his ass off the couch and go the office.
Also wear a fucking suit on Smartcon, there have been 0 succesful companies with autistic CEOs, they all either faked autism like Musk and Jobs for PR points, were good at talking to people because they learned to like Gates or Zuckerberg despite autism or psychopathy, etc. Sergey should just play the Google founders and hire a fucking CEO to sell that shit.
Also 2021 put it in league with XRP after everyone started making videos about how they're dumping tokens.
If I was Sergey I'd ditch the autism shirt, not present thise slides at all since every faggot who paid 700$ to attend has already had 5 years to watch him present them, and not talk about the Swift PoC because it's been 5 years so either working on a product or just working with swift, a poc is something you draft in a day for a school project, every shitcoin has a poc, the implementation is the tough part.
And also lose some fucking weight, how difficult is it in 2022 to spend some thousand bucks from the billions you dumped to hire a personal cook and trainer to count macros for you and get you to work out, he could just do ss+gomad for a year and look good in bearmode with a suit on.

>>51715633
Oh and btw all in since 2017, too retarded to sell in aug 2020 or may 2021, so not trying to fud but honestly concerned for my future situation.

>>51712597
my theory is that we're all dead and this is our personalized hell

>>51715633
Checked.
>>51715637
Based.
Seriously I agree. Sirgay should step back and let Schmidt be CEO.

Eric Shit is irrelevant and hoping he will turn Shitlink around is proof you people are trying to cling to any straw while you're drowning.
It's fun watching you niggers squirm like this after spending years shitting up the board.

>>51715633
Unironically agree about the shirt and CEO. The autism gang thing was fine when it felt like we were a small community imminent on something big but at this point they've consciously moved away from the previous link community and we're so many years into this thing with poor results that I think it's time we just see them getting serious. Stop pandering with the shittest but 'safe' memes like the shirt and repeating numbers. I'd be bullish as fuck if a different CEO was announced and we saw Sergey in a different outfit.

>>51715633
Charles is a conman who can sell air to the people. Sergey is a cool autist who probably played a part of creating btc hence the connections. Thats where his reputation and connections come from. Philosophy major my ass. You just dont get to sit at the big boy table without proper background or Ari Juels work for you the guy who was in blockchain-crypto space 10 years before even btc was created

>>51715633
>>51715654
>>51715684
Sergey built the absolute most successful crypto of the past few years in terms of growth and adoption, and it's a completely new paradigm instead of another ETH clone.
And he's on the cusp of mainstream finance adoption.

You are anonymous posters in the sewers of the internet, completely indistinguishable from literal textbots most of the time.

I'd say Sergey's doing swimmingly.

>>51715625
Hmm if that's really the whole plan then I have some bad news for you, SWIFT uses ISO 20022 and this standard is pretty much network-agnostic, they currently send messages via their centralized network, likely they'll switch to some decentralized solution (any DLT really, but why not Ripple) or at least use it as a redundancy, but no way in hell SWIFT is bypassed. Many people forget that while SWIFT provides some tools and technology, their first and foremost goal is creating a legal framework for banks to interoperate, in other words SWIFT is just a pile of contracts and regulations that connects all banks in the world, the technology is just an afterthought. So there is no chance in hell XRP or any other tech could "replace" SWIFT. SWIFT will cease to be relevant only after most value transfer happens in defi, which is still at least 15 years away.

>>51715701
*slurp slurp slurp* *suck*

>>51715552
Because biz fudded it during the normie mania phase in 2017-2018 and all those normies either left or moved on to other projects with their down 90% bags. The market hasn’t caught up because the market is driven by normies, most of whom don’t have the time to research link tech in depth. The inside crypto enthusiasts who stayed need link to make their cryptos more valuable so that group will explode as TVL and security factors continue for link in the next few months of staking release.

>>51715552
And one more thing, it’s literally happening, not tonight, but this Monday (3 days). You can bet biz anons are gonna check the new link site and post how many stinkies they can stake. That will reveal a lot.

>>51715730
*blows load in your mouth*
thanks bro

>>51715633
I disagree on some points but overall I'd say you're right - they should just get some high caliber CEO to run the front, while Serg could retain some "chairman" or "president" position

>>51715801
I don’t think Sergey sees it as a company per say. I get the impression he sees it more like “gifting the protocol to the people”. So yea, a company growth focused ceo would work to try and increase the token price but the long term success of the tech is based on security so retaining Sergey and ari as long as possible will help ensure they can build those security guarantees in before some hot shot ceo who wants to cut corners for short term gain comes in and screws the whole thing up. Keep doing your thing sergey.

>>51712694
It's zoomers who think they're smart
The 30-something's are still here, we just don't post anymore, but I agree with OP, just coming to biz these days makes me feel more retarded

>>51712597
I remember a time when every developer wanted to work for google and their open source software was of high quality and met every quality metric you could think of. That was the time before Eric came and made a "business" out of the cash cow, suffocating the culture of technical excellence and replacing it with the soulless fight for influence / money present in every other company. I wouldn't want him to come into my favorite project, because he'll ruin it as well.

>>51716097
>replacing it with the soulless fight for influence / money
All anybody here cares about is how can I buy tokens that will go up in value so I make money. Nobody cares about smart contracts maybe being able to integrate with or replace existing technology if it doesn't make them money

>>51716205

True, i agree but i’d do anything to avoid having to use tradfi and worry about ky account being locked because i didnt show them every mole on my body, forgot to tell them i moved address, decided to withdraw funds “suspiciously” or tax authorities want “more information”.

Tye day I can use Crypto gains and minimally interact with banks but easily be able to pay for shit will be a dream

>>51715618
I skipped ahead as soon as he started talking about tv shows. I don't want to know what tv shows the person I invest in watches, I want to at least maintain a delusion that they are too busy to watch a netflix series.

>>51715367
Eric Schmidt disagrees you miserable shit

>>51712597
kys Eric

>>51716277
As Eric Schmidt said, regulation is inevitable, KYC is inevitable and you won't get away with selling securities as "totally not securities" if you're making a lot of money. The problem with all of this web3 crap is the need to attach tokens/coins to everything so autists can gamble and back your company rather than just having a company that tries to solve a problem and has shares

>>51712597
Oh wow. A grifter shows up late
He's there to dump bags.

>>51712832
>Desperately wishing link goes to the $35 he bought it for

>>51712911
I'm much smarter dude.

>>51712597
He literally just bought some to impress some roastie who was sucking his dick. He doesn’t know shit about crypto and especially chainlink.

>>51715717
>SWIFT uses ISO 20022 and this standard is pretty much network-agnostic
>they currently send messages via their centralized network
>likely they'll switch to some decentralized solution
>likely
They will use Chainlink CCIP. No more breadcrumbs, no guessing. They've announced it now. Chainlink is the successor of SWIFT (and much more than that in the future).

>>51712597
>SWIFT strategy director announces partnership and literally says "we're in love with Chainlink"
>retail cattle: "b-but xrp?"

>>51716549
>>51716550
Now explain why offering digital and traditional assets on one platform needs the link token and must mean the link token goes up in value

i want the confidence of sergey to be able to sit and joke about killing people, with Eric fucking Schmidt

>>51716679
(you)

>>51716277
In the future kyc will be done automatically on chain and it will be much simpler to collect taxes. There is no escape from a tax audit where they track every single tx you made and you bought from a cex. Oh, we see that money ended up on tornado/monero? Ok you either give us the key or we consider you sold it and you owe us xxx on capital gains.

>>51712651
>Crypto normie investors are retarded
ok but fuck, they have been sleeping for 5 years!
At least when swift start to buy we don't need to rely on these mongoloids for the price to go up

>>51716835
>starts

>>51712597
Why is Chainlink being so disrespected? Schmidt says one thing about Ethereum and it makes the headline while chainlink is just a footnote.

https://decrypt.co/110815/ethereum-merge-shows-crypto-is-getting-its-act-together-eric-schmidt

>>51716878

Just a reflection of the cryptosphere.
Imagine this really famous guy says something about a really popular coin everyone knows, but the comment happened to be said at an event hosted by a coin nobody really knows much about while talking heavily about it.

Normies cant filter information at all. It will just be reported in whatever way will give clicks

>>51716878
Because of the token being valuable

>>51713483
I caught the Delta variant of Covid and it really fucked me up for a couple of weeks. I got over it, obviously, but besides my sense of smell disappearing for 6 months (certain things like sweat, meat, farts still smell really odd, I think permanently) I'm fairly sure it also knocked my IQ down 5-10 points at a minimum. I find it much more difficult to read and understand pretty much anything now, I find it difficult to concentrate when someone is speaking about something technical, I am much more aware now that I have to really focus if I want to conceptualise an idea in my mind which before would have been quite simple.

>>51716679
Network effect -> volume -> price appreciation

>>51716950

Sure you aren’t getting older? I felt similar lately but im almost 30. Just not as sharp as at 21-25 even if i know more and have more wisdom now. If anyone i think i was just overconfident about myself back then and assumed I was more capable and grasping things I probably wasnt.

>>51712597
>advisers

holy shit you fucking retard crypto faggots fall for this meme on every coin thinking that just because some literal who faggot agrees to let some chinks post his picture on their website as "adviser" in exchange for a couple million dollars that means that there is some genius white engineering wizard who will invent the next internet for you.

fucking retards and your shitcoins never learn

>>51716277
checked

>>51716950
Felt similarly after a bout of supposed viral meningitis. Don't obsess over the differences. You'll rewire. Just keep stimulating your mind and you'll be back to normal soon enough. Find something new and intriguing to dive into.

>>51713161
You can’t blame them with the influx of defi lottery. It’s like comparing caffeine to amphetamine. Why should they buy and hold Link at .50 then wait 10 years when they can buy the latest gamble and possibly 10,000x within only a year?

>>51717063
I'm 34 and if anything I was getting smarter during my late twenties. I understand that IQ diminishes with age but I was of the understanding that it's a minor issue until you hit your fifties and sixties.
>>51717151
Thanks, bro, that's good to hear. I will take your advice.

>>51712694
Not really. In 2018 when the town crier acquisition was announced on cnbc africa the price didnt move for a long time, but then did 50x in a bear market. I remember thinking at the time "the price isnt moving it must be priced in" and then 6 months later "god damn that was the most obvious buying opportunity"

>doesnt buy the 18k range

>>51717350
Town crier was a huge disappointment at the time. Everyone was expecting a bigger announcement. And guess what? Town crier isn’t shit. It never did anything and the disappointment was completely justified in hindsight.

>>51717606
Town Crier was necessary to get us to DECO, which doesn't require trusted hardware.

>>51712694
>the progressive decline in the intelligence or mindset of crypto investors over time
There's a reason I'm putting 30% of my portfolio into Ethmojis.

>>51717606

Because it became deco

>>51712597
>Be Eric Schmidt
>"If you have something that you don't want anyone to now, maybe you shouldn't be doing it in the first place"
https://www.youtube.com/watch?v=A6e7wfDHzew

yeah, sorry for not giving a fuck about that faggot and his cryptocrap.