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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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55731086 No.55731086 [Reply] [Original]

> Linktards in disbelief that price oracles are USELESS

Why do I want price of an asset based on some weighted average of multiple sources when it changes as soon as I make a trade? What is it good for? Lending protocols?! Lending protocols should not let you borrow any close to what they do, just look at the Mich situation.

also every lending protocol is leveraged up to the tits with tons of bad debt, safety modules be doomed soon

also what else is chainlink doing? Keepers? Gelato is better. CCIP? We'll see but cross-chain communication already has multiple players. Chainlink's operating budget is INSANE. Wake up, short the LINK

>> No.55731107

Chainlink staking? You mean chainlink liquidity mining?

So many people working so little

>> No.55731143
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55731143

>>55731086
Congratulations, you have too many IQ points to be a multi-generational LINK bagholder.

Chainlink does not have a business model besides dumping premined tokens to exchanges for fiat.

>> No.55731214

Keepers failed to gain traction

What is the point of oracles if all they provide is pricing? Much better to have an aggregator price my assets since I'll know how much I get for selling them

LINK dumping non-stop to pay enormous yearly budget to pay for expensive trips and events in all the worldwide COMMUNITIES of linktards

You think SWIFT and all other players are actually going to buy LINK crypto blockchain internet tokens to use, do you anon?!

Chainlink charging an obscene amount of money to keep price feeds up. Every project that doesn't need them will refuse to pay

Liquidations will find better ways that don't involve external price oracles

$240m already lost to oracle manipulation

If CCIP fails to gain traction what next?

> But you don't get it anon, have you even read the whitepaper
If it's too complex to put in layman terms, it's gonna fail

give me a good reason apart from cope that chainlink isn't going to end badly

>> No.55731276

>>55731214
>LINK dumping non-stop to pay enormous yearly budget to pay for expensive trips and events in all the worldwide COMMUNITIES of linktards

Look at the flowchart:>>55731143
They need to do that to keep the scam alive. Dangling that carrot in front of their brainless paypigs is the only way to keep the token price from crashing, allowing them to raise more money dumping premined tokens.

>> No.55731306

>>55731276
good flowchart. They pretend to have a corporate structure when really no one knows what the fuck is the next step

>> No.55731614
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55731614

>>55731143

>> No.55731641

>>55731614
thanks for bumping the best thread right now, I would have missed it without you

>> No.55731645
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55731645

>>55731214

>> No.55731666
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55731666

>>55731641

>> No.55731850

Nearly 6 years straight of people telling me 24/7 every single day how much of a scam my specific investment is and how I should sell immediately.
Every single day, every single hour, every single minute and second. Sell, it's a scam. Tracking every single info there is and notifying me about it the second it happens, every day. Tracking 1 minute charts, screencapping it and posting telling me to sell, every day. Cycling between the simplest pictures of the logo of my investment with the words "Sell" to the most high effort type of threads possible where people spend hours and hours just to convince me to sell my investment specifically. Sell, it's a scam, sell, it's a scam, all since 11 cents every single day non stop.

Really makes one think

>> No.55731853
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55731853

>>55731614
>>55731645
>>55731666

Imagine being so mentally and financially devastated you resort to this sad, sad spectacle for everyone to see your condition.

You should have sold in 2020 bro, like most of us. NO, you wanted to go down with the ship like a fucking redditard bagholder.

>> No.55731866
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55731866

>>55731850
>Nearly 6 years straight of people telling me 24/7 every single day how much of a scam my specific investment is and how I should sell immediately.

Had you heeded their advice and sold at the top of the pump and dump during the Google partnership hoax, you would have made out like a bandit.

Now, you are forever denied living your life, just checking back on /biz/ every few years to seek solidarity from other damaged bagholders while the rest of the world mocks you relentlessly.
You had TWO YEARS to sell.

>> No.55732642

Bumping for LINKcel misery.

>> No.55733017

why does the image of the crying guy make the fuddies seethe so much?

>> No.55733045
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55733045

>why does the image of the crying guy make the fuddies seethe so much?
t. discord tranny ratpads

>> No.55733173
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55733173

>>55731853

>> No.55733199
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55733199

>>55731866

>> No.55733361
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55733361

>>55731086
>you rang?

>> No.55733398

i like this thread because i am incapable of reading paragraphs

double spacing every line is so much easier to read and makes every post so much more prominent on the page

i don't understand why everyone on 4chan doesn't post llke this

when all the words are close together it makes my head hurt

doublespace chads rise up

>> No.55733415

>>55731086
Michael is borrowing on AAVE v2. You are correct that they shouldn't let you borrow that much, which is why they changed it for v3 and they are trying to change the rules for v2 to gradually force Michael to reduce his position.

>> No.55733427

>>55731614
>>55731645
>>55731666
>I'm not mad I'm poor, you're mad!
Can you put these all in a zip file some day?

>> No.55733628

Oracle not needed.

>> No.55733902
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55733902

Everything about chainlink is pure failure. Probably why it mainly attracted failure loser incels as its community

>> No.55733932

>>55733902
nothing but losers left that post all day in the premainnet marine discord channel kek

>> No.55734427
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55734427

>>55731086
>brainlet fudder makes retarded post
>>55731107
>responds to himself (probably forgot to switch ids)
>>55731143
>remembers to switch ids and continues from there with more stupidity
>>55731214
>>55731276
>>55731641
>>55731853
>>55731866
>>55732642
>>55733902
this thread is basically just one low iq shitbag switching ids
lmfao
m
f
a
o

the absolute state of these fulltime fudcucks
ALL
FIELDS

>> No.55735423
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55735423

>>55734427
>everyone i dont like is a samefag
Let me guess its all thomas? Chink michael? The spooky eth VCs? No wait i know! its simeon the bulgarian!
You are a fucking clown

>> No.55735500

>August 2, 2020:
BTC: $11,350
ETH: $385
LINK: $8.27

>August 2, 2023:
BTC: $29,675
ETH: $1,863
LINK: $7.63

>> No.55735547

>>55731086
Um okay its been keeping the price of dai stable for years but lets just ignore that because doomed soon