/biz/ - Business & Finance

>>55216034
>Link/BTC
-5%
>Link/ETH
4.5%

kek it's getting obliterated, such is the fate of tokens that fall out of the top 10 and fade into irrelevancy

>>55216075
why is link the only crypto that not only doesn't pump on bullish news but actually dumps?

WHY WHY WHY SOMEOME ANSWER ME WHY IS IT PERFORMING SO BADLY

>>55216102
because the tokenomics is completely broken and the founder holds 60% of the total supply

>>55216034
because the fat mermaid needs money to afford bigmacs and prostitutes

>>55216102
Because Sergey does not care about the token price and is happy to deliver a product after bankrupting his investors.
He is also a liar with a track record of broken promises thus voiding any positive effect of news.

If he had taken the opportunity to bankrupt Nexo and send a message to the short seller psychopaths the situation would be different now.

>>55216260
Token not needed. Should of bought the real link for big boys

>>55217433
I will buy every single Link on the market and I’m not giving Greyscale ANY of them!

Sergey and the whole Chainlink team have fucked you. They've taken your money to build a network for SWIFT so that 11,000 banks will profit off of it. Oh you think you'll be getting paid for CCIP transactions running through SWIFT. Remember the SWIFT Smart Oracle? Yes, that's right SWIFT will be running their own oracle DON's to process CCIP transactions between banks and blockchains. They won't be paying you a single cent. Chainlink Labs on the other hand gets a nice hefty annual fee payment, for upkeep and maintenance. Sergey sold you out.

>>55216102
>why is link the only crypto that not only doesn't pump on bullish news but actually dumps?
that's usually a sign that a correction was overdue and investors were just waiting for a phase of higher market activity to sell

>>55216265
not anymore, they hold 48% of the total supply.

>>55216305
not true.

>>55216744
he doesn't speak about the token and its price because he's worried about the SEC.

>>55217433
t. Uncle

>>55217539
it's been correcting for 2 years, ENOUGH.

https://blog.chain.link/why-on-chain-finance-is-inevitable/

>>55217712
There are ways to do something against short sellers and market manipulation without shilling the token price.
He just chose not to do it because he thinks the tech will magically solve the price issues and does not want to play politics.

He must be quite naive to think he could do something with an indirect way when facing the team behind the price suppression of silver on steroids.
Another dump on a Swift announcement.

This announcement was so bullish we may get a breakdown of the range and a new low.

>>55219002
>This announcement was so bullish
it's not bullish at all. an "experiment" doesn't mean anything. it's just a form any company can fill out on swift's website.

>>55216034
https://youtu.be/VZP5lIzGNT8

In your fear and uncertainty it will be tempting to put your trust in some person or group who emerges and claims to have a "way out", which will involve sacrificing some of your liberty. You must resist this urge. These self‑proclaimed saviors may appear in many forms, under any number of banners: "intellectuals", "influential people", "progressive thinkers", "billionaires", "the UN", "the EU", "self‑selected multinational coalition", "global leaders", "world governments", "radicals", "revolutionaries" or some combination of these. They may appear charismatic. They may appear to have your best interests at heart. They may stand united, arm‑in‑arm, proclaiming "We know the way forward", advancing some form of "people's revolution" or "Global Reset" where "you will be in charge", hawking various "‑isms" and promises of a better tomorrow. These people are not your friends. They are not to be trusted. They are the same global banking elites using the same fear tactics, shilling the same magic potions and snake oils as always. They want only one thing: power.
https://www.youtube.com/watch?v=Cieu5nDDssc

>>55216034
Imagine trusting your money to some fat fuck russian. Lmao, even.

>>55219070
this is the fud i like because it's actually funny. if more fudders were like this life would be great.

>>55219161
it's funny cause it's true though

>>55216034
Patience OP

Fudders are saving the world

>>55219161
you totally destroyed his argument there, i can tell you are a very smart investor

>>55219070
Swift already sold the final version of the feature to banks for May 2024 at the latest.
With FedNow released in July CCIP is very needed and the timing of the CCIP audit is perfectly aligned with it.

Swift also promised to release the results of the experiments later this year.

What we will get is CCIP around July just in time for the experiments with FedNow, but it will be used first in an official manner by DeFi while the experiment is running.

From the past track record the experiment could take between 1 and 5 months at the worst because Swift said it would give the results this year. Some of their previous experiment steps lasted 1 month, but this is a lot bigger so it could take longer.
Maybe 2-3 months giving the results around September or October.
Then there would be a 1-2 month decision time after that and maybe we get a release at the start of December with staking v0.2 which will support extended CCIP features.

The open question is how the release of CCIP for banks will affect staking v1.0's schedule.
It's not needed, for the feature itself, but the moment the feature is really adopted by 11000 banks it would be a good idea to introduce slashing even if it's with staking v0.2.5.
Maybe this will cause a change in the development of staking and accelerate its development or remove some of the measurement and node performance statistics feature for a later version to release staking v1.0 earlier.

>>55219485
>CCIP in July
>11,000 banks will instantly adopt it
kek, now that is comedy gold

>>55219497
reading comprehension 0

The first sentence says May 2024 at the latest.
DeFi will adopt it first which will already be very profitable for Chainlink.
For a few months Swift will run the experiment with the officially released version.
Once that experiment ends the real adoption can start.

The adoption may not be instant for someone with the attention span of a fish in the seconds due to tiktok abuse, but many big institutions will adopt in in the first integration step which will take 1-2 years to integrate every banks.

However even the initial integration by the bigger bank category will cause a x100 scale pump of crypto.

If you had read about Swift's previous ISO20022 integration procedure you would know how the process works.

>>55219558
What I do know is that ISO20022 has been postponed 4 times in the past, banks are notoriously slow at adopting new protocols and tech, I also do know that currently the US banking system is under extreme pressure, potentially facing an even bigger crisis than 2008, and that an experimental beta protocol facilitating cross-border transactions between private or public DLTs is not going to change a damn thing about the underlying fundamental flaws this system has

>>55216034
I mean this in the most sincere way possible: it's because you still own some
Maybe you shouldn't have tortured Sergey into oblivion with memes and threats?
>I don't hold any LINK

>>55219615
he agrees with you, that's why he gave definite dates

>>55219683
his dates are unironically laughable, we're talking about 5-10 years down the road

>>55219695
yeah. they've been "working" on iso 20022 migration for 20 years, what's another 20 to integrate messaging into dlt? that poster knows he's bullshitting

>>55219695
It could easily take 70-80 yrs if we factor in more bullshit from you

>>55216075
>fade into irrelevancy
*coughs*

CZ holds a TON of this stuff and he's undergoing a total character assassination right now. He can't be allowed to be wealthy

>>55220004
>will test
Well that’s as good as a working product entirely integrated with the financial system!
But it’s not.

>>55220032

>>55220040
Notice that it is a test. The third test case.
Reading comprehension helps.

>>55216075
It's out of the top 20 now.

>>55216034
>LANK
The graet imbecyle remova

hex (plural hexes)

An evil spell or curse.
A witch.
(rare) A spell (now rare but still found in compounds such as hex sign and hexcraft).

Short for hexadecimal.
Short for hexagon.

Verb
hex (third-person singular simple present hexes, present participle hexing, simple past and past participle hexed)

(transitive) To cast a spell on (specifically an evil spell), to bewitch.
https://www.youtube.com/watch?v=5Ioiag30eAI

>>55220069
Nothing else is even remotely close to this.

>>55220092
It’s real simple:
A test is not an integrated solution. It is a test.

>>55220103
Your brain is rotted.
This is the closest crypto has ever gotten to this level of mass institutional adoption.

>>55220148
You are in an echo chamber.
You won’t listen to me anyways, so just go buy more link and rant about how next time they flip the switch.

>>55220171
>You are in an echo chamber.
Yeah, me and Swift.

>>55220148
>not XRP
>not ETH
>not ICP
>not RLC
>not HBAR
you really are in an echo chamber if you think LINK is the most important crypto.

>>55220195
None of them are this close to this level of adoption by thousands of banks.
Chainlink is set to become the standard interface for tokenized assets across all chains in existence.

>>55220229
>None of them are this close to this level of adoption by thousands of banks.
banks are foaming at the mouth to use XRP yet you think the "switch will flip" for LINK?

>>55217712
>not anymore, they hold 48% of the total supply
Then you have your answer. The fat scammer dumped his bags on you guys. Thanks for playing!

>>55220292
>muh xrp will replace swift
>n-no you are in an echo chamber
Back to your containment thread

>>55216034
Just hodl anon

>>55220090
We are so back. The great SHORT is commencing.

>>55216034
just look at the circulating supply

>>55216305
He is growing every time bigger.

>>55220292
LOL this one actually made me laugh Ty. Keep trolling everyone, it’s funny.

>>55219424
Based anon

>>55219485
>ccip coming 2022
>dec 2022
>mar 2023
>may 2023
>June 2023
>July 2023
>just round the corner

>>55223583
this chainlink are just like eth!

>>55223612
I need eth token to transact, I don’t need chaintoken for anything

>>55220292
>banks are foaming at the mouth to use XRP
You’ve out deluded linkies

>>55223623
everyone that is not a pleb needs the link token eth is optional in a multichain world aww diddums thought unicorns would dance forever! uwu

>>55223658
Token not needed. The CL business model is so broken and retarded that they can only exist by dumping useless inflated bags on culties. Without bagholders subsidizing them it would collapse

>>55220292
Oh, you poor bastard

>>55216034
Token was never sneeded. Don’t know how simple it is.

>>55216034
LINK is one of those gems for long term hold. The bull is not even close, anon.

>>55225629
2026 should be good

>>55223477
Are we all gmi AVAX and Chainlink bros?

>>55224000
>The CL business model is broken because nodes are paid in inflationary tokens
By that logic the Bitcoin business model is equally broken.