/biz/ - Business & Finance

lol get a life you retarded fucking loser

>t. 2018 buyer

token not needed
piece of shit
THE cuckolds of crypto

>>57944497

you've already been doxed, everyone knows you're a fag and had a laugh. I showed my wife your reddit posts and she giggled and said you're a projecting cuck. how embarrassing.

HEY CHUDDIE KIDDIE POOLIES HOW YA DOIN LINK UP DOWN ALL AROUND DON'T CARE POOLS FULL 4% APY UNBEATABLE CHUDDOS DORITOS

But this time LINK pumped and then BTC pumped to a new ATH...

>>57944568
and as expected linkshit gets left in the dust

>>57944588
Exactly. It's almost enough to make me think that maybe it's not being suppressed... maybe it just isn't needed.

>>57944457
>>LINK pumps, BTC dumps

this

>>57944712
btc is literally pumping right now
chainshit is still dumping

>>57944764
Yes. Bitcoin had been crabbing at 69k for a week, but the second Link breaks out, Bitcoin dumps and then pumps.

>>57944705
I don't know about that.. BTC mirrored the CL breakout with a time delay. That can't be a coincidence, not calling suppression, but clearly there are more to the story.

The cuckolds of crypto. Coinbase is now warning investors that link doesn’t appreciate like other cryptos do. Lmaoo

>>57945158
Lol what? Screenshot please, this is too funny if true

>>57945174

>>57945192
fake and gay

>>57945208
It’s not you retard.

>>57945234
'significant appreciation of Link could inflate the cost of Chainlink services', Damn the coinbase peepos are either retarded or they are in cahoots with the people who suppress link

>>57945270
They’re just telling you the truth. You can’t have a token go up insane amounts with that kind of fee structure. It’ll make it unusable. It has to stay cheap to keep the network cheap.

>>57945234
Kek thanks

>>57945234
If that's a real screenshot, then someone with zero reading comprehension tried to paraphrase Chainlink's terms.

It's not the appreciation of the Link token that inflates the cost of CL services, it's demand for CL services that inflates the cost of CL services. The token price has nothing to do with it.
It has 18 decimals, it could be a quadrillion and it would still be perfectly usable.

>>57945297
>They’re just telling you the truth
no they are not

>>57944457
Another crybaby thread

>>57945297
>You can’t have a token go up insane amounts with that kind of fee structure.
You absolutely can: 18 decimals.
Link could pump to 1 trillion in a split second, and you could still send someone 1 cent worth of Link.

>>57945319
>bro coinbase is lieing !!!
>my token just doesn’t go up very much because it just doesn’t okay???

>>57945365
>>bro coinbase is lieing !!!
They are.

Here's what Chainlink's terms say:
>If the Services and/or the Chainlink Network are rapidly adopted, the demand for transaction processing and distributed application computations could rise dramatically and at a pace that exceeds the rate with which Chainlink services can be provided.
>Under such a scenario, the Services and Chainlink Network could become destabilized, due to the increased cost of running distributed applications.

It's demand for CL services that would inflate the cost of CL services, much like how L1s can get congested during high traffic. The token price has literally nothing to do with it.

>>57945403
Doesn’t matter if it’s true or not, normies aren’t buying it cause coinbase is telling them it’s weak, which IS true

>>57945352
Read the Chainlink doc. Prices are not dynamic. Maybe do some reading before spouting nonsense

>>57945433
>normies aren’t buying it cause coinbase is telling them it’s weak
like you ;>

>>57945234
based Coinbase using old ironic biz fud to keep normies out

Unfortunately you aren't gonna make it with large cap utility tokens. To give a concrete example, I follow a small cap utility token that just went up from 0.004337 to 0.00439 on a 5k buy because the token has ~40m mc. If the token has a lot of volume (say > 500k) and buying pressure is positive, it will keep going up.

Link just doesn't have the tokenomics to make it work. You need 5-6 digit buys to move link a tiny percentage, and that's not gonna happen much. Don't get me wrong you will go up, but not by huge 10x.

You wanna buy small cap utility tokens with good tokenomics, nice token distribution, etc that's at a low price and has enough marketing to start generating volume.

>>57945433
>it’s weak, which IS true
t. 6 pbtid in a Link thread

>>57945443
>Prices are not dynamic.
They absolutely are. You're paying for everything in Link tokens, including destination chain gas.
Read this for instance: https://docs.chain.link/chainlink-automation/overview/automation-economics

It has entire calculations explaining how prices are dynamic.

>>57945531
>thinks he’s smarter than coinbase billionaires

>>57945531
> Fixed gas amount used for transaction call from node to Registry

You're a retard, or maybe an advocate thibking lying is for the greater good I don't k ow

>>57945562
Keep reading lol. That's not the only gas amount in the calculation.

Also ask yourself: why would they give you formula for calculating the fee in Link tokens if it's not dynamic and variable?
You should be able to solve this.

>>57945586
So you actually are retarded. All other items are for the gas on the host chain. This is the only part that goes to the NODES. Fucking retard

>>57945608
>All other items are for the gas on the host chain.
And you pay for them in Link tokens. See pic, the outcome of the formula is the Link that was deducted from the user's balance.

And that's just one example of Link fees being dynamic.
There's also the fact that node rewards fluctuate with Link's USD price.

>>57945443
>>57945562
>>57945608
also here's CCIP billing showing that the Link premium is based on its USD price (i.e. it's dynamic)

>>57945297
You know how many decimal places this token has? Link could literally be $20,000 a token and you could still buy a few cents worth of it.

>>57945443
>prices are not dynamic
what the fuck are you even talking about? Its about how much you NEED to pay for the services provided OR to secure your smart contract via staking.
End of the day, if people are concerned about the future price of LINK they should buy link now while its cheap no?

>>57945443
What kekery is this?
Not dynamic?!!
Fuck me the iq of this place has gone down a lot since 2017