/biz/ - Business & Finance

>>56120318
>If the LINK token is so valuable and needed, why does the team continue to dump them?
yes

>They need to create liquidity for institutions to buy into so the price doesn't spike to quickly

>>56120318
Because that's the only way for the team to keep the company going without bending the knee to VCs.

>>56120318
Sergey said what his tokens were for back in 2017.
Stop being a newfag.

>>56120355
this
And without doing MEV-style shenanigans.

>>56120318
Okay so basically LINK tokens have value because you can stake them to earn more LINK tokens which are valuable because you can use them to stake more tokens which can be used to stake more tokens. Thats what gives the token its value.

>>56120383
Wanna know what gives Bitcoin value, according to Satoshi?

>>56120390
Sexo.

>>56120383
>>56120390
Ok I'll spoil it for you: Satoshi believed Bitcoin would gain value because people would buy it and then other people would see that and also buy it.

>>56120390
Same thing which gives gold value, it costs labor to extract.
Unlike the premined erc shitcoin link

>>56120853
Except the gold was put in the ground by Satoshi in the first place.

>>56120363
>>56120390
>>56120418
>>56120858
smartest linkie kek

>>56120853
>Same thing which gives gold value, it costs labor to extract.
muh buttcoin is valuable cuz i burnt out my GPU increasing my balance from 0 to 1, duuuude

>>56120928
It was basically free and open for anyone to mine with any pc in the beginning. Name a fairer better distributed currency

Oh, the tokens not needed.

>>56120418
I don’t think he ever said that btw

>>56120318
It's for Sergey's warchest to allow a multidecade Link development during a brutal bear market

>>56120390
Based
>>56121571
Then why does it have to be subsidized?

>>56124072
satoshi: never sold
sirgay nastyslob: market dumping on binance weekly

>>56121571
>fairer
mining rig companies ruined BTC. they went public. they've been bought up and compromised by hedgies. it's over for BTC. it's going to pump and dump and be worth as much as shitty precious metals or less even

LINK on the other hand is the tokyo, japan of DeFi. they stick to the oracle way. they don't try to be innovative snake oil salesmen like those faggots that keep shilling sharding as the next big web3 thing LMAO

>>56120383
Don't see the problem.

>segey selling us cheap links every week
>this is a bad thing somehow

Hello all you exit liquidity plebs. You are probably wondering "why me" maybe you are wondering where you fucked up to become exit liquidity to limit of zero. I will tell you. Remember the guy on 4chan that said they whales would fuck Link if you guys bought to try to make crypto "better" well we fucked link. Get wrecked. If you want life to get better use bitcoin plebs. Fucking beta ass link simps. Bitcoin only bitch.

>>56124072

>>56120355
so what happened to that warchest?

>>56120345
I look like this, believe this, and say this

>>56124685
>satoshi: never sold
lmao, and Santa Claus is a gay black woman

>>56125422
It's still there. They're not selling because they need money you idiot

>>56120853
>, it costs labor to extract
Doesn't provide value to anything