/biz/ - Business & Finance

>>53015767
Stink has no use.

yeah

>>53015767
ccip will come out dec 2023 or delay, so u have plent of time

monero has a clear purpose at least, link is mainly a way for the devs to collect money without giving up anything in return. sergey became half a billionaire by selling these tokens and skimming off plenty for himself, so it's a great deal for them, but it's pretty unclear why the price should rise (and if it does, why the devs wouldn't dump even harder)

What do people actually use LINK for in a strictly utilitarian sense?
I know what it does to a decent extent, but who are the "big boys" using LINK?

>>53017362
>>53015767
CCIP release will be right before new Swift begins using it on March 20th 2023. I don't know what effect this will have on price action (assuming someone planned on selling) but my guess is it'll will be to the upside.

>>53015767
They are both things that happened not things that are going to happen more. They are what they are and are kind of useful and on their price with zero reason to rise given interest rates and monetary supply.

>>53017362
>muh CCIP
Absolute meme that won't pump the price at all

Just like "muh staking" were it dropped 25% in ten days

>>53020239
Didn't Rory state on Telegram that the CCIP version that will be released in 2023 is going to be a very barebones version? Does this change anything?

>>53020239
>Swift begins using it on March 20th 2023.
Not happening in current sanctions loaded and monetary contraction environment. Too much shit at the wrong time. Could be years or never. Even mentioning crypto in swift given the FTX crash could get you demoted. You're just a spamming retard like most of this pointless board.

>>53020263
>won't pump the price at all
why not?

>>53020280
Because no one will use it. Why the fuck would any major finance block use a 1.0 to please you...fuck sake.

>>53020274
>very barebones version
I've not seen that mentioned anywhere ever except in your post just now, and I keep a close eye on it

>>53020285
>to please me
Not to please me, to comply with the new Swift interoperability protocol which will be released on March 20th 2023 , as per Swift's documentaion which you can find on their website.

>>53020305
It does not mention anything to do with CCIP and anything that risks sanction evasion is in the bin for now. Stop fucking lying to people. Just try. Link happened. You could have sold at 45$ you are fucking idiot thinking that will happen again.

Muh 1000$ EOY. Fucking spastics missed the boat. What's it worth now? 5/6 dollars. Idiots.

Muh difi summer Remember that? Muh link in use everywhere. yeah Like FTX and celcious. Its an annex to hedera and it is not worth a fuck on its own until that ecosystem with is corporate underpinnings dominates crypto. Could be a decade at which point link itself may be dead.

>>53015767
Monero has an actual use so you should definitely buy LINK because the market is run by retards

>>53020356
>>53020258
>They are both things that happened not things that are going to happen more. They are what they are and are kind of useful and on their price with zero reason to rise given interest rates and monetary supply.

>>53020325
It mentions CCIP in all but name, going as far as to describe the Chainlink solution, which Swift's Strategy Director, Jonathan Ehrenfeld stated 2 years running at Smartcon (Chainlink's annual conference event) was being tested in conjunction with the blockchain middleware company.
If you think he was describing some other project, please enlighten us as to which you think he was referring to?

>>53020305
and how will this pump the price of the token?

oh right....it won't! Because it's just techno bubble and buzzwords, you really fell for CLG koolaid

>>53020364
But IT DOES NOT MENTION CCIP.
>>53020325
>It does not mention anything to do with CCIP and anything that risks sanction evasion is in the bin for now. Stop fucking lying to people. Just try. Link happened. You could have sold at 45$ you are fucking idiot thinking that will happen again.

Neither retard. bit is a lot better than both.

>>53020369
Are we still doing stale assblaster bigmac and toilet memes. Link is fucking dead.

>>53020371
>But IT DOES NOT MENTION CCIP
Oh, I see. So, which solution DOES it mention? I must have missed that.

>>53020385
Fuck off and die liar. You are a fucking retarded if you held it or bought from when it was 45$ to now. Go moan in pain quietly somewhere else. Link happened, you missed it. Tough shit.

>>53020423
Did you sell or something anon?
You seem unusually mad.

>>53020423
For someone who cares so passionately about the subject, it's notable that you can't offer a sensible answer to a reasonable, balanced question. I simply wish to know what you think Swift's solution will be to the interoperability design they wish to solve is? I mean, it's being launched on March 20th, and I doubt they'll delay it because you decided to swear a lot and ramble.
I'll ask once more: If not Chainlink for Swift on March 20th, then what?
Genuine question.

>>53020466
>>53020489
You boring fucks are going to keep going with this boring shit into 2023. Amazing. Bye now.

>>53020505
With every new post you have somehow managed to embarrass yourself more than with the previous one, please stop posting for your own good

In other news:'we were never all in it together.'

>>53020505
Kek, another shit fudder quits. I rather enjoyed that one. Are there any more here? I'm getting warmed up hehe

>>53020539
you sound gay and lame, even link on this board sucks, stale memes and gheyposting since everyone sold. except you retards like fish flapping on dry land anyway you are fucking cargo cult bores and I've read enough of your lies and weak memes

>>53015767
one has a use and another is just a stupid coin

>>53020558
Come come, child. We know you love it. It's just that you're so WEAK. Can't you find someone else who is good at debating or at least knows enough about the project to fake a fud? It's too boring when you're simply unable to argue. I enjoy a challenge and I'm afraid, pretty boy, you and your little absent friend ain't it.

>>53020305
they have PoC with SWIFT. No protocol will be released fully in 2023. Staking v1.0 will take at least 3 years. CCIP a bit more than that.

Chainlink is an unregistered security, has an unnecessary token slapped on, large pre-mine, has red flags for their development (hiring pornstars, enormous expenditures but snail-paced progress), has very large tail risks as a critical component of their protocol (price feeds) are controlled by an admin key, and is in a hypersaturated subset of a hypersaturated crypto market i.e. defi, where everyone wants to come and steal your lunch.

Monero doesn't violate securities laws, has a strong Schelling point in it's field (not a single competitor is accepted on any darknet market), and is a walled garden because everyone is afraid to make "privacy" coins because people are afraid of regulatory pressure and getting arrested like the Tornada Cash dev. I don't believe in TA but if you do then you can see that XMR has doubled against both ETH and Bitcoin over the last year, it's performed exceptionally well in a bear market. Big downside from an investment standpoint is exchange delistings, 99% of people do not understand what "fungibility" means, difficulty to spot inflation bugs which could nuke the price, exchanges exploiting it's privacy to run fractional reserve systems, high money velocity makes it hard for the price to go up, and regulatory fears. You could argue that it's strong utility doesn't make it a great financial investment given the negatives and you would be better off long term holding Bitcoin and ETH.

If someone will not tell you reasonable downsides when you ask them for financial advice it's because they're either very stupid and did zero due diligence themselves, or because they don't have any moral center and will just say whatever they think will get you to buy their bags. Notice how the LINK people don't try and give you honest negative assessments at all, so take your pick which of the above they fall under.

>>53020905
Monero's usecase is as a currency, which is why its never going to appreciate by any large amount in value. I 6x my monero purchases regularly, but that requires entrepreneurial endeavors on my part as well as substantial risk, and has nothing to do with the crypto itself beyond its use as a currency.

Chainlink is the one project in this awful space actually making a solid attempt to link legacy finance to cryptography. As such, it isn't pumped like typical projects, because when whales coordinate to pump something it isn't because they want to own it, its because they want to sell it. Whales do not want to sell chainlink, they want to accumulate it until staking 1.0 and/or traditional finance usecases begin popping up (chicken and egg scenario).

When people tell you chainlink dumps tokens to fund its project, they are either being deceitful or they themselves are a newfag that never understood the project, as the token dumps were outlined in the original whitepaper and yet anons still made a fortune off of link by buying back then. The fact is, for now, while the token is needed, its only usecase is price feeds which are subsidized as link is establishing a monopoly (its the only oracle project in the space that can afford to do this). Eventually this will become monetized, but not at the bottom of a bear market, however this isn't what's going to catapult the price, monetization of greater markets that require large amounts of staked collateral (Swift/DTCC) is what will do that. Many defi protocols that rely on chainlink pricefeeds wouldn't even care about staked link securing them because most of defi in its current iteration is a ponzi casino, however tradfi players would care greatly and require this. The problem is nobody knows when its all going to happen, it could be March 2023, it could be 3 years, it could be a decade, and anyone telling you they know is lying.

>>53020325
>trailing dollar sign
what shithole do you hail from?

>>53015767
Chainlink powers DeFi ecosystems. Monero powers pedophiles.

Neither, go for XOR (Sora) or something related to Polkadot.
>haha polkadot tranny
Look at me straightt in the eye and tell me XMR/LINK are better.
Also I bring up XOR because of it's insane list of features. Will be the leader of all things DOT imho.

i don't buy coins designed and adopted by pedophiles anon, I'm sorry.

>>53021136
haha polkadot tranny

>>53020905
>>53020962
Reminder to hide LINKie posts.

>>53015767
Link is obviously the better bet. As other anons said, link will bridge the gap between tradfi and defi. It's the most important piece of the puzzle when it comes to the vast majority of blockchain/smartcontract applications. Tokenisation of assets, derivatives, insurance, gold, stocks, real estate... Nearly everything else in the crypto space is an unneeded variation of bitcoin or ethereum, barring a couple of exceptions. As crypto matures, we will go from doge meme coins and purely speculative buzzword assets to real world utility. Link is the first real step in this direction, and smart money (i.e. the banks and institutions) know this. That's why they are suppressing the price and desperately trying to keep regular people like you and me away. As assblaster said, they do not want you in their club.

thank you chainlinkgod based king

>>53022115
what is with this lame forced meme, I can only suspect it comes from top buyers of the last cycle who have lost their minds and seethe endlessly for people "tricking" them into purchasing link tokens. Just accept that you're dumb money and stop trying to make milhouse tier memes

>>53022133
Thank you ChainLinkGod based king

>>53022133
Thanks Chainlinkgod based king

>>53020115
>5 hours
>not a single response from linkies

This is why everyone laughs at you when sergey dumps on you.

>>53020258
>>53020279
>>53020285
>>53020325
>>53020338
>>53020363
>>53020371
>>53020378
>>53020423
>>53020505
Holy shit you are seething so hard. I’m going to buy some link later tonight and I’ll be thinking about you when I do.

>>53020962
Great post

>>53020962
Saved.
>>53022133
They're just trying to derail and spam the thread, ignore them.

>>53020962
https://www.youtube.com/watch?v=YShbzR7mlog&ab_channel=Chainlink
At 1:06:47 Sergey says that oracle nodes are already self sufficient, i.e. that they are profitable without the need for Sergey to subsidise them directly with blockrewards or oracle rewards. And that's without staking or full adoption. Node operators are paid with dApp fees. They capture value from dApps and smartcontracts. The fact that these oracle networks are self sufficient already speaks volumes to how well the network functions and how necessary and valuable oracle services are.

>>53020115
>What do people actually use LINK for in a strictly utilitarian sense?

There are currently 2 use cases right now for Chainlink;
The 1st use case is that it can generate random numbers, which is apparently hard to do on the blockchain. A handful of crypto lotteries out there use chainlink to draw their winners

The second use case of chainlink is that it can verify/confirm the price of an asset. Decentralized leverage services such as GNS use chainlink to confirm the price of BTC and shit

Those are the only 2 use cases, everything else is a solution looking for a problem. Oh and also the token is not needed at all

>>53019073
>monero has a clear purpose at least
to those who still dont know. monero is the only way to buy drugs on the darknet for the last 5 months. bitcoin is not accepted for most listings.

>>53023903
I don't doubt that some nodes are self sufficient, however that was said before the market had its subsequent legs down in June and November, and I'd argue even if they are profitable, its questionable how many would be willing to pay for the pricefeeds at this time if forced to. What Sergey and chainlink need are a customer that requires extreme measures of security and collateral, and its difficult to expect that of shady defi protocols that mostly only exist because chainlink allows them to. With clients like swift/dtcc, it is the reverse, where chainlink exists to serve them. They benefit by eliminating third parties that rent seek for far higher costs than an oracle call.

tl;dr sergey could turn off the subsidies now but it would be pointless and likely would not lead to cascading growth in value of the chainlink network. There's simply not enough demand in the shitcoin casino for link at a high valuation. The shitcoin casino is ultimately a zero sum game.

>>53023903
>They're just trying to derail and spam the thread, ignore them.
Thanking ChainLinkGod for being a based king causes the mods to rage and lock the thread so when you post it won't show up idk why?

>>53024036
dude weed lmao

>>53024212
>lock the thread so when you post it won't show
this happened to me too. ChainLinkGod is just too popular to contain kek
thank you based king

>>53024212
>lock the thread
Explains a lot thanks anon

>>53024116
I see your point, and I do definitely agree that chainlink needs institutional/legacy adoption to reach the values 1k EOY link marines were talking about. At the end of the day, link needs to prove itself somehow, and defi in its current form is the only way it can do this. Defi is still in a very early phase as well, where the capabilities of link are the bottleneck to further dApp development/smartcontract applications.

I'm curious though, do you think these financial institutions are going to create their own defi protocols or use/adopt thirdparties?

>>53024212
maybe coz no one mentions their twitter accounts so they seeth uncontrollably kek

>>53024358
kek yeah all tHe gOoD pOsTErs LeFt fOr tWiTtEr. thank you chainlinkgod based king seeth harder trannies I will never mention your twitter handle

Why am I not a billionaire yet

brb gym

>>53024492
based meme
>>53023903
thank you chainlinkgod based king

>>53020505
Dun dun dun
Another one bites the dust

>>53015767
Privacy has a clear purpose and is already making waves in crypto narratives.

>>53024299
Checked
They may at some point, but for DeFi to take off it requires large capital (far more than is currently in this space), and boomers are the ones who own the majority of capital, and they are obviously tech averse. So that's all still a ways off. DeFi in its current form is nothing more than a proof of concept slash scammers playground, which is more or less what the entire crypto space has been to this point.

At this point realistically you have three options in crypto, if you're retail. Settle for boomer tier gains in btc/eth, gamble on shitcoins and pray you pick something that whales are going to pump (or you have inside information somehow), or bet on chainlink bridging the gap and making crypto actually useful for more than the shitcoin casino. I guess you can add a fourth option, trade, but 90+% of traders fail so if you can do it successfully, more power to you.

>>53015767
Link is useless and privacy based tokens have real life application.

>>53020385
it mentions no solution, which means it could be anything
you are presenting pure speculation as certainty, probably from desperation

>>53028533
I agree, privacy is extremely important.
Can you see any use case for privacy functions like DECO, canDID and mixicles?