/biz/ - Business & Finance

DR; NB

>>54600409
this is by design you idiot, it is the art of war, win the battle that no one is playing yet.

Can you expand on point #5?

Nobody needs the Chainlink token to use the Chainlink protocol

>>54600409
I bought 25 LINK. Just in case

>>54601016

>>54601072
VRFs are primarily used for the initial setup of NFT scams, once. the total LINK consumption is probably like $200 worth

1.all those chains are scams
2. all of those products support the scams
3. literal ponzi scheme
4. word salad that doesn't change that all ETH tokens are literal scams
5. "our particular scam is without competition!"

>>54601054
>>54601209
Bonjour sissy

>>54600959
In case you haven't noticed, very large players have entered the oracle competition lately and are slowly but surely making a small dent into CL's monopoly. CL's monopoly is very hard to disrupt because it would require serious capital to catch up with their warchest, and the only reason very well capitalized entities would bother to compete is if they saw real long-term incentive to do so. CL has the first mover advantage but these players have very real capital, connections and very long term goals, they're arguably the main protagonist in crypto currently and they've decided to aggressively pursue this infrastructure segment for their own long-term interests because they very much understand these implications and can play the game like a marathon rather than a sprint, they just don't broadcast it loudly yet but the various big picture moves they've been making have been fairly obvious if you follow the space closely. I'm talking about HFTs and MMs, who are echelons above the VCs CL had to contend with until now. CL has moral high ground but capital is power.

This is unfolding fairly stealthily and has barely trickled down to retail discourse surrounding oracles yet, even here on biz which is supposedly ground zero for these conversations. I don't wanna elaborate more because it's not a convo biz is ready for yet. People here pay attention to shit only if there's a token attached.

In any case, in time and at scale, there will be an understanding that the end-goal of oracles for HFTs and MMs is OEV and front-running and CL is an obstacle they have no control over and they are free to employ the dirtiest tricks in the book to further their landgrab from the shadows. CL flipping the monetization switch and how participants react to this should make positions clearer. It's becoming PvP, which is the strongest indicator you need that there's real value to extract here.

I'm gonna simplify but
until now CL competitors = VCs = short/mid-term players, small whales = goal was to pnd shitcoins (band, API3) knowing they'd go nowhere but on hype could do a x100 regardless
newest competitors = HFTs/MMs = long-term players, the really big whales = goal is to legit compete with CL's adoption and entrench themselves at the infra level because they see that CL's potential is more than just token pumps, but extracting value from the entire web3 markets; ie Sirgay's og tweet about "what if you could extract 1% from tcp ip https etc"

>>54601374
The oracle space is begging for a disruptor to shake things up.
If Chainlink is as good of a team as they claim, they’d benefit from some real competition.
If Chainlink isn’t what they claim to be, a better company is going to knock them out of the top spot in oracles.

Personally, I hope the competition will force CLL to work harder on releasing things like CCIP, staking and functions.
Right now they’re obviously complacent, working from their homes with no real consequences for missing release dates.

>>54600409
>5. how they've had virtually no competition in this field for the longest time BUT extremely important players have recently started their offensive to catch up, validating the revenue thesis
well thats why
people are betting on something else beating the fat man and his scam oracles

>>54600409
I think there are few dynamics playing out that influence the overall "why doesn't anyone outside of /biz/ pay attention to Chainlink?" thing. First and obvious thing: most people are just retarded and cannot wrap their head around oracles, what problems they solve and why Chainlink's services are a big deal. To this day you still see morons saying "why don't you just hit the API directly?" When I say most people are retarded, I don't mean "yeah they're not very bright", I mean "these people are genuinely retarded and need a full-time carer" levels of retarded.

This coincides with the next problem: the pettiness and scammy shit that goes on in this retarded industry. Twitter is rife with "influencoooors" (aka disgusting shills who say whatever they're paid to say). This is where the VC shit comes in. We don't have evidence that shows Chainlink has engaged in the kind of VC fuckery that scumbags like Jump have done. Crypto Twitter is full of some of the lamest fucking losers I've ever seen in my life and they all revel in the retarded side of crypto. Muh heckin' random monkey jpegs. Muh bullshit L1 that's just the VC pump and dump of the month that I definitely wasn't paid to shill and subsequently dump on my followers.

The overall point I'm trying to make is /biz/ discussed and argued the technical merits of Chainlink and that's a unique quality you have here. You just cannot do this anywhere else like Twitter because of the amount of deals happening behind the scenes. It has gotten so much worse in the last few years. Assume that anyone who has a decent following is a paid shill, absolutely no exceptions.

>>54601431
I agree. I think part of the problem is the lack of any serious competition for Chainlink. Naturally if you were in their position then you just don't have the same type of pressure to compete. Why push themselves so hard when they virtually have a monopoly? No one can touch them, so what incentive do they have beyond a bunch of angry bagholders on Twitter? It's no surprise they're taking their sweet time. However, if there was a serious competitor then I think we would see a lot more urgency around Chainlink delivering their products and services.

You guys are over complicating this. The biggest problem is overall adoption of crypto, the majority of this market is a scam that makes mine off greater fool theory, opportunity cost is a meme that ignores the reality of survivor bias. The simple fact is chainlink isn’t attempting a pnd, they want long term sustained profit and value capture, and this requires greater network effects, many of which rely on overall adoption of crypto not just what chainlink does.

>>54602082
This is what makes spending too much on marketing not worth it. They’re not competing for attention or market share so they don’t need to market. But the lack of marketing affects the token price.

>>54600409
Meds right fucking now. Every single normalfag on this planet knows about link and already bought & sold this worthless erc-20 token.

>>54600409
Sorry for derailing but where can one engage in these kind of conversations now that /biz/ is filled with normies and low IQ fud?

>>54602644
Checked
Reminder most of the images in this collage were astroturfed by whales on this board to dissuade newfags from buying, actual paid influencers never mention link because they’re simply not paid to. I have never met a single person irl who knows what chainlink is, my brother has met exactly 1, a genius shut in autist with a laundry list of life problems, which describes the majority of this board.

TOKEN NOT NEEDED LINKLETS

>>54602781

for the retards:
AI THREAD
>AI THREAD

>>54602766
I ran into a guy wearing a Chainlink hat at a festival last summer. He turned out to be a dev working on the project. That is literally the only time I ever saw/heard anything about LINK outside of /biz/

Oracles are not needed at this time.

Shill thread

>>54602051
>>54602082
I appreciate the effort post and agree but yeah jump is starting to accelerate

>>54602051
I can smell your cope from here. The token is not needed and never will be.

>>54600409
ANONS PLEASE HELP
anyone have the meme very similar to this one, except apu is in a whale suit and the soijaks are on both sides of him dressed as guppies? I can't find it anywhere and it was kino

>>54604414
there u go fren

>>54604414
the one in OP bug original with transp bg

>>54604320
The token is needed.

>>54604414

>>54604528
>>54604543
>>54604588
thanks popo appreciate it

Who is the competition?

>>54604588
Sale rat

>>54604528
YES! HAHAHA YES!!!!!

>>54604660
kek

>>54604714

MUHAHAHAHAHAH