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/biz/ - Business & Finance


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52401561 No.52401561 [Reply] [Original]

>"proof of reserves" trending
>zero awareness or interest in the one project that offers it
crypto deserves to be nuked because its userbase is just so profoundly stupid

>> No.52401583

would you buy anything form this man? be honest

>> No.52401588

Ok, but where does the token come into play here?

>> No.52401596

>>52401561
I wonder how Sergey feels at this point. The entire industry basically ignores him or actively works against him, even though Chainlink is the project that literally solves all crypto’s problems. I respect him for having the energy to keep going during this shitshow

>> No.52401620

>>52401561
>>52401596
Guess the hiding strategy for the past 5 years didn't pay off then. Not sure Linkies can complain when they supported Sergey literally disappearing off the map for years at a time

>> No.52401634
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52401634

>> No.52401636

>>52401596
not having scam tokenomics and ballooning the headcount with useless hires would have helped him

>> No.52401642

>>52401561
It turns out the reason chainlink is so undervalued is because the rest of the bubble was completely fraudulent mm behavior and there was no genuine demand for anything outside a short-lived retail fervor

>> No.52401644

>>52401561
>crypto deserves to be nuked because its userbase is just so profoundly stupid
Absolutely this

>> No.52401668
File: 61 KB, 556x516, 0AN0N.png [View same] [iqdb] [saucenao] [google]
52401668

Seeing how coins with dogs are still worth billions is it any wonder?

captcha: 0AN0N

>> No.52401675

Thinking you need chainlink for proof of reserves shows you don’t know anything about crypto

>> No.52401687

Can someone link I'm lazy

>> No.52401699

>>52401636
And dumping whenever he needs cash
Or not telling people he sold 2.5m link reserves to FTX

>> No.52401745

>>52401687
https://www.youtube.com/watch?v=AbVuMWJDMx0

>> No.52401790

>>52401561
If sir gays nodes can confirm proof of reserve why can't my own computer? Where is he getting this information from?

>> No.52401819

>>52401561
no one wants proof of reserves. what good is proof of reserves when you already know you’re technically insolvent? none of these exchanges want the curtain to be pulled back

>> No.52401936

>>52401634

>we're so early

...how fucking retarded can linkniggers be?

>> No.52401970

>>52401668
That’s one hell of a captcha

>> No.52401973

>>52401819
Then nobody will use your product. Only retards who want to lose money would think like that

>> No.52401983

>>52401561
If they had any sense and media network pull they would have Sergey get on CNBC, maybe even with Cramer, to advertise the pitch directly. They still are holding back out of overabundant caution towards the SEC.

>> No.52402006

>>52401583
He looks like the kind of man that would try to sell you broken audio electronics out of the trunk of his car in a McDonald's parking lot

>> No.52402024

>>52401819
Are you implying that all the exchanges are insolvent? I don't believe that. FTX were a shower of crooks. You're throwing the baby out with the bathwater

>> No.52402049

>>52401973
>Then nobody will use your product
that is exactly my point. they don’t want to reveal the awful truth
proof of reserves is only half of the story. you need proof of liabilities too, to make any sense at all

>> No.52402050

>>52401983
The same SEC that was working with FTX to try and kill DeFi? And Sergey is still scared shitless of them as they try and destroy his customer base? WHAT A PUSSY!

>> No.52402072

>>52402024
no. just some

>> No.52402087

>>52401675
Leave the children alone. They are remaking the banking system for some reason, they think accountants are witch doctors.

>> No.52402094
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52402094

>>52401983

>> No.52402112

Hilarious that link threads still attract all the bots on /biz/

>> No.52402128

How are these exchanges supposed to make profit if they can't invest their users' money?

>> No.52402131

>>52401561
Why don't Chainlink Labs provide proof of their funds to continue developing Chainlink? They could have lost it all on FTX

>> No.52402143

>>52402131
they will never, that will exposed them as one of the biggest fraud in crypto history.

>> No.52402147

>>52401561
Thread is pointless without pix of the girl’s feet and you fucking well know it

>> No.52402148

>>52402094
Bull run starts tommorow then I guess

>> No.52402153

Chainlink should just make it's own exchange at this point

none of the other exchanges want to use chainlink's proof of reserve because they are scammy and likely insolvent

>>52401675
chainlink's proof of reserve is better than merkle tree proof of reserve which actually doesn't prove anything, look into it instead of being a know-it-all fuckwit spamming misinformation

>> No.52402185

>>52401620
>Sergey literally disappearing off the map for years
The same years Chainlink completely took over the oracle space and Defi?

>> No.52402188

>zero awareness or interest in the one project that offers it
This. ninjas dont even know about HEX.
Trustless yeild onchain. Dont even need meme oracles.

>> No.52402204

>>52402072
>just some
so why did you say that the exchanges don't want proof of reserves, then? CZ has just done an interview in which he talks about that's what he wants in place within 2 weeks for Binance.
https://www.youtube.com/watch?v=xKRvgj0G7Nk&t=1433s

>> No.52402300

>>52401819
Everyone is moving towards proof of reserve now in the wake of the FTX disaster.

>> No.52402530

>>52402204
>binance shill detected

>>52402300
ftx disaster is a long, long way from over

these are nothing more than pinky promises (see sbf "assets are fine"). it has to be done externally. in that regard sergey is offering the correct solution, but they don't want it. if they did they would have jumped on it at the first opportunity

>> No.52402542

>>52402530
>ftx disaster is a long, long way from over
Completely irrelevant to my point.

>> No.52402617

>>52402542
not really. this debacle hasn't even started yet. the rest of my post >>52402530 explains why they are not moving to proof of reserve. it's just more flim-flam and you should not buy into it

>> No.52402634

>>52402617
>this debacle hasn't even started yet.
Major exchanges are turning to proof of reserve due to the FTX disaster.
Whether this disaster is still going or not is irrelevant.

>> No.52402722

>>52401561
It's hilarious how crypto.com, Binance and a million other projects just hijacked that term "Proof of Reserves" as if it's just a random concept they can implement in-house and nobody wants to actually give away their asset strategies for obvious reasons, and much less pay some random project for it. Proof of Reserves is no longer a Chainlink product, it's just a general transparency thing that exchanges can do themselves if they want.

>> No.52402725

>>52401561
lol, lmao
non-transparency is a feature, not a bug, you stupid goycattle

>> No.52402736

watching chainlink flounder and desperately try literally anything to stay relevant is about the biggest red flag any crypto project could have.
no different to the fucking ring ring ring ring ring ring ring, solana phone.

>> No.52402741

>>52402530
>it has to be done externally
i honestly thought the annual accounts of crypto exchanges would be certified lol pretty insane because literally every bank in the world has to publish their accounts and have strict reporting requirements. its insane to me that crypto companies dont do that voluntarily somehow (well its not really a surprise because theyre all scammers and idiots but you get the point).

i can literally look up the LCR of my bank and see the compostion of their liquid assets but in the crypto space its literally "just trust me bro, youll get your money back, dont worry"

>> No.52402743

>>52401634
kek

>> No.52402760

>>52402112
It's the only project that has a 24/7 fud brigade

>> No.52402874
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52402874

can't help but laugh at idiots trusting SBF, Do Chang, etc
if it isn't Chainlinked then don't trust it, easy
actually used to think crypto investors were smarter than regular investors as they "understood" blockchain tech is the future, but in reality they don't understand shit, just sees number go up and dopamine receptors take over control from then on

>> No.52402899

What's the next fudkike narrative when binance integrates their chainlinked PoR?

>> No.52402987

>>52402874
Well that's the problem with crypto. It attracts so many (retarded) people because they hear the stories of making life changing money in a short amount of time. There's absolutely nothing this industry can do to avoid the sheer number of desperate poorfags (who are dumber than you can imagine) swarming in and ruining everything.

>> No.52403029
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52403029

>>52401745
ty

>> No.52403081

If anyone has listened to Sergey talk he will often be asked about the speed of adoption, he will answer that there is a fast way something can get adopted and a slower way, the fast way something gets adopted is if there is a catastrophic failure/crash that brings the product into focus

Chainlink's proof of reserve is currently experiencing the fast scenario of adoption

>> No.52403552

>>52403081
Incorrect, not Chainlinks proof of reserve, but just some proof of reserve. the market has heard about proof of reserve so every exchange is now virtue signaling about it, they are implementing their own convenient interpretations of proof of Reserves, it's now a general concept, not Chainlinks product

>> No.52403565

>>52401588
is like stocks

>> No.52403572

>>52403081
based

>> No.52403580

>>52401642
>It turns out the reason chainlink is so undervalued is because the rest of the bubble was completely fraudulent mm behavior and there was no genuine demand for anything outside a short-lived retail fervor

there is no actual demand for any coin.

all it is is people speculating to try and make real money.

>> No.52403593
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52403593

>>52401561
i think its less crypto fags in general and more the next generation being fucking retards

>> No.52403618

>>52403552
It was always a general concept; Kraken has had Merkle tree proof of reserves for like a decade for instance.
Thing is Chainlink does it miles better than anyone, and standardized it. Just like it did with oracles in general.

>> No.52403627

>>52401583
I would desu. He has a trustworthy face

>> No.52403642

>>52402185
>Create imaginary problem
>Offer imaginary solution
>Takeover imaginary market
Is this what being a linkie is like?

>> No.52403661

>>52403642
>crypto is an imaginary market
k

>> No.52403673

>>52401636
Thanks to "scam tokenomics" chainlink labs now has decades of runway while major players in the industry go belly up one year into the bear market.

>> No.52403691
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52403691

>>52403552
we'll see, I think some of the good actors (are there any?) will use chainlink's proof of reserve and the less than acceptable versions of proof of reserve will be criticized

This is nexo's "proof of reserve" for instance, no wallet addresses no nothing, just a tick in the fully backed box lel, this is getting called out on crypto twitter

>> No.52403704

>>52403691
lmao

>> No.52404098

Hey frens with brains. I have 1/4 of my stack (around 15k Link) on Coinbase. I see CB fud everywhere, but I think it's close to 0% CB would fuck up big right? I like to have some sitting there in case of a big run up or something. Funds safu?

>> No.52404156

chainlink is fake and gay

>> No.52404213

>>52402006

Fucking kek. Never selling

>> No.52404366
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52404366

>>52401561
Imagine not being all in on chainlink
https://www.youtube.com/watch?v=BSaDwvo2trE

>> No.52404448

>>52401561
And why doesn't sergey go out and do something outside of Twitter posts? He knows all the ceos who already use link so call them. Sergey has to actually do something here you know. He refuses to though.

>> No.52404480

>>52403081
So what you're telling me is that Sergey was the shadow 4d chess mastermind all along and cz just a tool? Then when SBF tweeted "well done" he wasn't referring to cz but Sergey but couldn't tell it because the moment he says it he gets minecraft'd in zero comma?

>> No.52404563
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52404563

>>52401561
picrel is a reminder of just how delusional linkies are

just because some smart contracts require oracles doesn't mean a blockchain oracle network is worth billions of dollars. it's barely worth a few millions and it sure as fuck doesn't require it's own token

>> No.52404719

>>52402128
Trading fees and fees for services they provide

>> No.52404750

>>52404719
Nobody would use a platform with high fees.

>> No.52404792

>>52401561
> its userbase
You mean humanity itself? Yes, pretty stupid and very smart at the same time.
What you witness here now and in the coming years is a war for world domination. Defi (the Rebellion) against every banker, insurance, centralized financial service whatsoever (the Empire). It will be a long fight. But as always, new will replace old in time. It is inevitable.

>> No.52404804

>>52402874
This.
1pbti’ers need to kill themselves

>> No.52404805

>>52403661
>monitoring DOGELONMARS will save my shitcoin
2 more years, linkcel

>> No.52404810

>>52404750
They don't need high fees but a lot of customer volume.

>> No.52404817
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52404817

>>52404792
> Defi (the Rebellion) against every banker, insurance, centralized financial service whatsoever (the Empire)

>> No.52404843

>>52401588
you need it to do proof in a decentralized manner

>> No.52404845

>>52404817
Yes?

>> No.52404865

>>52401561
guys who do i need to scream at on twitter to get them to join one of the major twiter spaces going on right now?

>> No.52404953

>>52402736
Yep. And when the SEC eventually requires these exchanges to show proof via certified financials, it will come from an audit via an accounting firm, not from fatboy who shilled Celsius for years.

>> No.52404980

>>52403552
Correct. Nowhere in any of this is another token ie the Link token needed. Thanks Serg for giving away another free idea.

>> No.52405034

>>52404792
Dear god this is cringe. Grow up

>> No.52405083

>>52405034
Cringe or not, it's right before your eyes.

>> No.52405237

>>52404366
Why is he yelling

>> No.52405242
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52405242

>Link will solve all your problems.

>> No.52405263
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52405263

>>52403642
>imaginary problem
You mean like FTX? Is this a coping mechanism?

>> No.52405317

>>52404448
>He knows all the ceos who already use link so call them
How do you know he hasn't? Did chainlink release Proof of Phone-call without me knowing?

>> No.52405810
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52405810

>>52403580
>there is no actual demand for any coin.
With privacy coins, that may be wrong. How privacy may matter when the awareness is high extends to how relevant privacy solutions in crypto are becoming

>> No.52405838

>>52402725
There is nothing wrong with transparency if basic rights such as privacy rights can be maintained.

>> No.52406301

>>52405810
>>52405838
Just shill your scam and fuck off pajeet scum

>> No.52406425

>>52401561
if you think crypto is useful for anything but crypto currency you're the retard. link is going to zero

>> No.52406494

>>52401561
>"Proof of 1' and 0s"
these people are worse than the fractional reserve banking swindlers. and so are the idiots they drink this koolaid. holy shit these fuckers have no awareness

>> No.52407110

>>52402153
>Chainlink should just make it's own exchange at this point

They don't need to. Between Proof of Reserves and FSS, other people will make DEXes and depend on Chainlink or lose credibility.

>> No.52407612
File: 98 KB, 1520x1520, twitter_352ba928d3d4a327b55084ac952289df.jpg [View same] [iqdb] [saucenao] [google]
52407612

>>52401561
>"proof of reserves" trending

Chainlink Proof of Reserve isn't just for #DeFi.
Any digital asset exchange can use Chainlink PoR to verify off-chain and on-chain collateral, helping bring enhanced transparency to the wider #crypto ecosystem.

https://twitter.com/chainlink/status/1589734784020144128

>> No.52407698

>>52401583
oracle trusted him to solve their problems and their stock price went up afterwards
the recent tech crash should give him more opportunities to solve problems for other high profile companies like meta, amazon, etc.
seems like a cool enough dude

>> No.52407722

>>52407110
value comes from trust, and binary > human institutions
the days of value being tied to an actual object are long gone

>> No.52407931

>>52407722
>the days of value being tied to an actual object are long gone
only for retards

>> No.52408748

>>52407722
No one cares about any of that. Also, link is a security.

>> No.52408777

There is no grand conspiracy to supress your epic token. People are ignoring it because Chainlink is just a proof of concept that anyone can emulate.

Why would a CEX use a completely decentralized solution? Why wouldn't a DEX come up with their own solution? In a few years you'll see Chainlink's code blatantly plagiarized a thousand times and your token will be utterly worthless.

>> No.52409000

>>52408777
ask yourself the same question but change the concept to price feeds. unless you're completely ignorant about web3 and defi, you'll have your answer.

>> No.52409135

who is still selling

>> No.52409398

>>52409000
web3 doesn't exist

>> No.52409443

>>52401936
Ask yourself, youre a link holder.

>> No.52409490

This dude Mario Narwal is holding the twitter space for the last 6h with kim dotcom: https://twitter.com/i/spaces/1OdJrznoWAyJX?s=20
All they are talking about is proof of reserves. Why is fat man not on there. CZ was there, Jesse from Kraken was there, MEXC is talking right now.
FUCKING FAT MCDONALDS BINGING ASSHOLE GO PROMOTE YOUR PRODUCT

>> No.52409553

>>52409490
>muh twitter space with le important ceos of crypto
kek

>> No.52409594

>>52409553
>fuck 30k listeners and all the who's-who of crypto
>fatman's 446 ppl stream is the right choice
fuck you

>> No.52409610

>>52409490
Seems like no mention of Chainlink at all. Cryptos biggest blind spot

>> No.52409628

token not needed is not a meme, it's like someone in the 1980s thinking all computers will run the first version of DOS forever

>> No.52409640

>>52409628
Fudding link is now a meme. You hold link retard

>> No.52409663

>>52409398
Exactly. The hell does web3 even mean? Why should anyone care about it…

>> No.52409684

>>52409610
yep, I'm listening for the last 3h, no one mentioned chainlink. Not even fucking once. what the fuck is wrong with this market?
Meanwhile, the fat retard is busy inhaling bigmacs

>> No.52409691

>>52409640
then literally everyone in the crypto world except sergey holds link, it makes sense seeing how he dumps this shitcoin every week

>> No.52409708

>>52409691
???

>> No.52409711

>>52409490
It is interesting that you never see Sarghee debating with other crypto people about Chainlink.
I would be interested in seeing a Vitalik vs Sir Gay debate. The talking points alone would be worth it. What exactly do they disagree about?
If BTC maxies debated Big Mac I would tune in.
BTC maxies would probably argue that Chainlink enabled things like DeFi generate paper assets (non BTC assets)
but the Bitcoin P2P network does not enable these new ways to get scammed like Chainlink does. BTC cannot into offchain APIs and neither can any other crypto without Chainlink so Chainlink does enable new usecases that BTC could be a part of. Additional functionality could allow for greater adoption of BTC beyond means of payment at the community level. It's strange that moat BTC adoption is focused squarely at buying coffee or bagels from some community organic markets and talking to other people with similar values. It's so small scale when you consider the price of BTC.
Will we ever see Sir Gay in a philosophical debate with another big crypto figure? Could he do it? Would he just um and ah and makes sense his way through it?

>> No.52409742

>>52409711
>I would be interested in seeing a Vitalik vs Sir Gay debate.
They had a talk together on stage, and Vitalik barely understood the very basic things Sergey was talking about.
At one point Sergey asked Vitalik about external off-chain data, and Vitalik responded with some mumbling about Merkle trees which are 100% on chain.
It was pretty embarrassing.

>> No.52409772

>>52409594
>muh elite class of scammers
This is equivalent to VC funded YouTube influencers trying to sell me a new shitcoin. Go fuck yourself nig crypto is a scam

>> No.52409840

>>52409742
>Muh merkle trees
>Makes sense...
I remember noLinkers trying to spin this as a loss for Sergey lmao

>> No.52409850

>>52409742
Vitalik does have a tendency to ramble technobabble when cornered. His speeches amount to name dropping tech terms kek
maybe they should do it another way. What does a modern debate about the future of finance look like when the experts are too autistic to community properly?
Isn't CZ using Merkle Trees to self check his own solvency?

>> No.52409878

On Twitter Vitalik seems to agree with anything globohomo = good so I think he is a glow nigger plant like SBF

>> No.52409897

>>52401583
Already did

>> No.52409933

by the by I heard that an Arbitrum hackathon is demanding all winners hard dox kyc themselves before they will receive their prizes. and no prizes will be released until everyone has been doxxed.

Those Jews are certainly cooking with gas now. How many more crypto devs have to be tortured and murdered before the world wakes up?

>> No.52409953

>>52409691
>it makes sense seeing how he dumps this shitcoin every week
Exactly my point. Lies to make a point. How often do you check the supply count?

>> No.52409964

>>52409398
>>52409663
the average mind of someone who uses ftx or similar. dont worry goyim they will take good care of your coins for you

>> No.52410051

>>52409840
If Sergey stated the obvious and schooled Vitalik like a good moderator should do then that would have been a win for him. this is the panel he modded with the autist and the chinese people?
>and of course Vitalik we should remind the viewers at home and the listeners in the audience that merkle trees only deal with data that is already on chain and if the data is off chain, as most of the world's data is, you would need to use an oracle, and the best oracle solution around enabling all future use cases in crypto like defi is Chainlink
it would have been an epic plug for LINK but Sergey is too polite to do that and stuck to muttering m-makes s-sense when it fact nothing about what Vitalik said made any sense. Thanks for contributing to the disinformation campaign live on stage you fat fuck.

>> No.52410104

>>52409953
You can check this figure on their website chain.link. this post has not been advertising because I am going to post the word nigger at the end of it.

Nigger.

>> No.52410273

>>52409490
pretty crazy how controlled this investigation is.
>dm me and i will link you to someone who will add you to a whatsapp call amd we can investigate
>not sure i have permission to share this but ill be back like real soon goys
what a waste of time. fuck this space

>> No.52410318

>>52410104
>chain.link
I said how often not where, fucking brainlet.

>> No.52410341

>>52409964
everything in crypto is just another mechanism to interact with other crypto, the promises of decentralized finance have failed to materialize since 2009

>> No.52410358

>>52403673
>decades
with the amount of hr roasties he hired and giving them california levels of money smart contract will be broke within 5 years

>> No.52410372

>>52410318
you can hit f5 as often as you like phonefag

>> No.52410475

>>52410372
???

>> No.52410499

>>52410475
>he does not know
few.

>> No.52410530

tnn

>> No.52410535

>>52410499
Im on a computer. What point are you making?

>> No.52410594

>>52410535
umm... ah... I forgot... but it was really really important trust me it could save your life. 1000 times more important than POR

>> No.52410628

>>52410594
Did you finish your homework? You have school tomorrow.

>> No.52410718

>>52410594
POR is not important. Also chainlink doesn't have a monopoly on it. It's trivial for other protocols to use POR such as binance's new oracle project.

>> No.52410724
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52410724

>>52401583
I've bought 5,000 things from this man and I regret it

>> No.52410736

>>52410628
this post reads like advertising i can tell from the pixels

>> No.52410766

>>52410718
is it even out yet for like 10x like sarghee says on trade talks with jill melodrama?

>> No.52410830

>>52410736
What time does your mom put you to bed?

>> No.52410858

>>52410830
one hour after your posting shift finishes (((anon)))

>> No.52410899

>>52410858
Speaking from experience?

>> No.52410923

>>52410899
i live to shitpost. its more than work

>> No.52410953

>>52402153
PoR, Zk, FSS, maybe even DECO(for select functionalities, I realize it is counterintuitive for a dex) on a Dev would completely btfo the entire "crypto exchange" industry.

>> No.52411020

>>52402722
same thing with oracles. eventually all these bucket shops and celebrity VC's will be forced to crumble under the narrative or adopt chainlink security enabling middlewares. Kind of disappointed that CZ is too proud to just bend the knee.

>> No.52411728

>>52401983
>jim cramer endorsing link
do you want link to drop to $1.50? because that's what would happen.