/biz/ - Business & Finance

>>8879226
Great investment if you can hold over 100k link. Otherwise you are wasting your time

>>8879226
Theres only two developers
No updates since ico
Its basically an exit scam like confido

It was even PARTNERED with the scammer Joost from Confido

>>8879255
i love this new fud

>>8879255
kek good one

>>8879226

it's a great project, but a bad investment. Why everyone thinks LINK is going to be hundreds of dollars is beyond me - literally defeats the point

>>8879290
16 decimals baby

LINK above $1 defeats the purpose of the coin.
No one is willing to pay more than a dollar for a basic transaction.

“Thanks for the pizza with SSL on top, glad it only costed $12+$1000 fee”

Fucking delusional mongoloids i tell you

>>8879255
Yeah, any less and you should just market sell. You might even need 200k or more to actually maybe "make it"

>>8879339
what are decimals retard

>>8879306
18

>>8879359
thank you for not being retard

>>8879359
Are you an extra special type of mongoloid?
I have to pay $1000 in fee because 1 LINK is $1000

>decimals
Okay i have one bit of LINK; thats 0.5 LINK. That is $500
Now i have to make it a whole LINK , so another 0.5 LINK (0.5+0.5=1.0). THAT IS ANOTHER $500

ITS STILL $1000 YOU INBREAD MONGOLOID

>>8879339
The fee doesn't have to be 1 LINK? Or am I missing something?

>>8879414
lmao Brits are so funny. go back to your fat wife with bad teeth and let real men do the math.

>>8879226
I got so much link shill on 4chan I ended up buying 1000. Just the right amount. So I don' look stupid if /biz/ was right and link goes upupup. But also, so I don't look stupid if /biz was right and link goes downdowndown.

This is insane. This while thread is fucking insane. You people are insane for hanging out here and making these retarded copypasta posts. I just realized I'm insane for browsing this website.

>>8879414
>inbread
>bread
the absolute state of /nubiz/.

>>8879414
>INBREAD
HAHAAHAHHAA

>>8879414
Is this bait?

>+5.04%

I can't believe it. This is a true bull run, even the Stinky Linkies are making money.

This is a shit thread full of Linkies so confident in their investment that they won't even bother to entertain the possibility that Link won't be $1000 EOY. My problem with link is simple, the supply is far too high. 1 billion coins and 350MM set aside for corporations already. Maybe Link will see adoption (it's a good project, I don't deny that) but they won't be market buying link and pumping the price. Sergey will give it to them free of charge to boost adoption. Also the regular stuff has me worried, tiny dev team and scant updates. People say the lack of communication is because they have better things to do, but that didn't stop Sergey taking 32MM from you. Bullshit excuse.

>assuming staking a link node will earn more links, instead of pieces of the actual API call/transaction
asset =\= currency u faje cockrollers

>>8879500
we up 38% this week u fucking bitch.

>>8879442
smart, because looks are important on an anonymous Malaysian sewing board

This is a shit thread full of Linkies so confident in their investment that they won't even bother to entertain the possibility that Link won't be $1000 EOY. My problem with link is simple, the supply is far too high. 1 billion coins and 350MM set aside for corporations already. Maybe Link will see adoption (it's a good project, I don't deny that) but they won't be market buying link and pumping the price. Sergey will give it to them free of charge to boost adoption. Also the regular stuff has me worried, tiny dev team and scant updates. People say the lack of communication is because they have better things to do, but that didn't stop Sergey taking 32MM from you. Bullshit excus

>>8879226
No such thing as "investing" in crypto

There is only spray n' pray

>>8879615
Don't you dare meme me, I want answers you fuckers

>>8879499
I hope

>>8879226
100k to make it is not fud. if you do the math versus total supply of 1billion/total crypto marketcap/total marketcap of API economy you will easily see that you need 100k link+ to make it. obviously most predictions are $12 EOY 2020 which is INSANE returns do not kid yourself and be greedy still a great buy and one of the best in my humble opinion.

>>8879516
Its a shit thread because its full of linkies trying to come up with fud

>>8879737
I do not own link. I'm not going to say what I do own, as that'll just derail things. Not everything you don't like is FUD.

>>8879615
trust me i plan on this ship going straight to zero. hold a nice 20k link but understand i wont make it with that and that ill probably lose everything.

There's a high supply

>>8879516
>the supply is far too high.
this here is a legit concern for me

>>8879831
the supply issue is alleviated by LINK being locked up in nodes.

>2 man team
>high supply
>no updates
So this is it? no linkers are clearly incapable of abstract thinking or pattern recognition.

Stinky Linkys are the cognitive elite of this board.

>>8879226
it get's shilled because /biz/ put together money for the ICO. Get your facts straight. In other words, it's fucking shit.

>>8879442
Cuck

>>8879732
It is a hold for investors with the funds. Otherwise look at small circulating supply projects because 100k usd is honestly not a great return if you can only afford 10k link AND you will be waiting years

>>8879831
So high that 4chan cant moon it kek

>>8879842
is thats sergays response? srs question.

>>8879782
Okay then
First marketcap is somewhat of a meme
Also the supply on exchanges will actually decline since the link will be staked in nodes
The whole biding and paying for oracles wll creat a mini economy

>>8879516
You actually make a valid point... Sergey will definitely give the early adopters a discount to incentive them to use his product. Muh institutions are not going to buy our bags unfortunately.
T. 85k link holder

>>8879831
Congrats you have a brain. Link over $10 is literally predicated on a total market cap for all crypto being well above 10 trillion. Don't be a moron, INVEST IN SMALL CAP PROJECTS THANK ME LATER

NEO had 10x fewer supply. 650mil link isn't even in circulation yet.

>>8879516
>>8879906
But companies have to pay nodes fees in LINK. It would be beneficial for them if they acquire large amounts of LINK while they are cheap. If the network gets used the price will surely go up.

>>8879928
my problem is everything have found is already trading high

>>8879928
Finally a man who knows his shit. How old r u? What work?

U seem to work in finance

>>8879339
Thank god for people like you, you will be fomo'ing in later this year, and make my folio skyrocket. Basically verbalized autism right here

>>8879516
why would you market an enterprise product to a bunch of autistic plebs when the mainnet isn't even live yet?

>>8879226
If you can explain to me what it does, I will buy it.

>>8880035
Correction- Thank God. Missed capital letter, like you miss this Link gains.

>>8879431
You are not missing anything

>>8879256
>implying nu/biz/ even remembers Confido or Joost

>>8880035
>god
What did he mean by this

>>8879226
Imagine big banks buying or using an erc20 token..kek

>>8879993
Price is partly going to be dependent on how many companies actually decide to adopt chainlink. Remember, over the last few weeks, Sergey has been silently talking to these institutions and cutting deals left and right suggesting that all the big players already got link at a discount and we won't see mass adoption at least for a while.

>>8879226
Ask any stinky linky about link and theyll start sperging with the same garbage
>also everyone shilling this shitcoin bought at over $0.50
hodl meme is strongest in linkies = the most retarded group of people on biz

>>8880109

How do you think Sergey describes us when he tells them who else is in the linkpool?

let's say every rumor is true, swift, hyperledger, salesforce, all of it, and link gets mass adoption. why does that translate to $ price, there's 18 decimal places

LINK can't be valued more than a big mac. It defeats the purpose of the token.

>>8880109
No. If Sergey is giving LINK to these companies. They are supposed to be locked in nodes. These tokens are not for sale. If companies want to pay fees to actually use the network they have to buy from markets.

>>8879226
The only fud they can come up with
>Big Macs
>Stinky Memes
>Sergey memes

>>8880300
No walletanon showed us numerous examples of Dev wallet link tokens being moved around. This is probably Sergey cutting a deal in the background.

>>8880263
Big Mac 1k EOY

Reiko (the r9k trap spamming guy that recently stirred up controversy) is on the chainlink dev team.

I'd avoid it desu

>>8880171
>Literal shitcoins and scams have pumped to high hell with multi billion market caps
>One of the first projects to have massive companies confirmed using the network for real world usage
>Saving potentially billions in administrative bloat due to Smart Contract functionality
>why does that translate to $ price

I really hope you’re fudding on purpose

>>8879226

Only real fud that bothers me is this:

Arguably the largest impact chainlink can have is in the securities/derivatives market. The swaps can be instant, automatic, and as long as the contract is audited properly/secure the contract terms are unbreakable. The swaps can be performed for a fraction of the cost of swaps today which is where the problem is: commission.

The finance industry is a giant among giants, they make a shitload of money, are heavily regulated, and resistant to change. Here comes along Chainlink, a solution to the high costs of commission that the finance industry thrives on.

Do you think they're gonna let something touch their bread and butter? Hell no. They're gonna fight it tooth and nail.

The best case scenario you can hope for is the financial industry adopting the tech and marking up the transaction fees.

But yeah, this shit would be a game changer, especially in options contracts. That idea is what sold me on it.

>>8880442
all its going to take is one bank to start using it and its off to the races. Banks need to stay competitive.

>>8880414
the ones with no actual value will go to 0 in five years. chainlink has value, i don't disagree, but why can't it stay at $1

>>8880442
>They're gonna fight it tooth and nail.
Fight what? a tool that will save them money and allow them to cut costs by rendering entire departments useless?
Get real. Businesses will hop on anything to save money. Bankers are not as stupid as you think

>>8879256
>Theres only two developers

This is what stops me everytime for Chainlink. Its seems like a decent enough idea, offchain oracles, but I just cant see Sergey and his philosophy degree pulling it off. Especially in the face of growing competition.

>>8880442
Just because their costs go down using Link doesn't mean their commissions cost will be reduced. Likely customers will be happier with a faster service.

>>8880645
>two developers
>sergey and his philosophy degree

>>8880557
You are 100% fucking with me so have a giggle m8.

>>8879226
>I would like to hear what people who don't believe in it think
People who don't believe in it don't think.

>>8879414
Bakers are inter bread. Link $1000 eoy

>>8880604

Yeah.. that makes sense. And yeah, bankers are actually pretty fucking smart. If they could cut employees out of the equation, I have no doubt that they'd do it, at least to some degree. And they certainly could still pocket the commission at its current rate unless regulations forced them to be 'fair' about it.

>>8879226
there is literally no product

>>8879928
This is actually wrong. 3% of the API econo..out of steem someone else explain it

>>8881043
I hold 115k LINK

>>8880867
you don't know do you

>>8881068
ok

>>8879831

REQ has double the supply

Now stfu

>>8881068

Well done anon, I just started at Ameriprise. Looking to get them banker bux.

Are you going to push LINK on them?

>>8879256
> No updates since ico
> goehub/smartcontractkit/chainlink
> Last commit 19 hours ago

ok bud

>>8880171

Since you're actually retarded.

Assuming 100% of everything is true.

Huge ass companies are sitting on tens of millions of LINK.

Why the fuck wouldn't they pump the price to make profit? Some smart guy had said there's like 50x less Fiat in crypto than the market cap.

Why the fuck wouldn't a company already holding LINK not want LINK to be worth more?!?!

>>8881117
Probably not. It’s a massive organization and I doubt I’ll be able to get in front of the right people. However, at the last bank I worked at I can properly get in front of the head of firm strategy and execution. Planning on linking up with him (no pun intended) in the summer. He’ll be more open to the idea of smart contracts and he’s already looking to implement blockchain tech.

>>8881142
nice ID

>>8881157

intredasting..

You have an opinion on WAN, GVT, or JNT?

>>8879414
I cant tell if you are retarded or you suck at baiting.

>>8881210
GVT - dont know much at all. Is it tokenizing securities to make it easier to trade? If so I think that’s mostly only hype for now. You’re talking about rewriting a global capital markets system decades old

WAN - interesting for sure but need to do more research and understand what the token is used for, consensus mechanism, etc

JNT - trash. It’s just tokenizing real world assets. How do you verify that the asset is truly there? That’s the point of btc isn’t it? It lives within the digital world. JNT just seems like a Saudi cash grab to me. Don’t trust the Middle East, it’s a lot of peacocking and showmanship

>>8881142
This
You guys need to believe in Sergey’s Vision. Many businesses will run nodes on the network, so they assuredly have been accumulating LINK tokens whether through Sergey directly or other methods. These parties have a great interest in the LINK token gaining value. So not only can they potentially save a lot of money from the benefits of Smart Contracts, they will also make a killing on their shares in the network. Sergey has a great value proposition to present in his networking efforts.

>>8881399
All they buy is shadowlink you fucking dummy, open your eyes

>>8881311

GVT's contribution will be asset management tokens that represent the performance of the asset manager. In addition they are attempting to create a brokerage service for cryptocurrencies.

WAN is something I'm not completely familiar with but they will be providing lending/credit services and aim to be a conversion point for performing swaps between cryptocurrencies. I'm probably not doing it justice, don't know much about it myself.

JNT - yeah. fell for that meme back when it was $0.40. They changed the crypto aspect of it so much it's hard for me to tell what's going on with it now. The original idea was for JNT to be proof of solvency with tokenized tbills, tnotes, money market tools, bonds and such for representation on the blockchain. i guess the reasoning would be increased liquidity of assets. These assets were to be held by the network which was to function as a bank. Not sure if they'll pull any of it off but I'm expecting at least a pump and I'm in too deep to feel good dropping it.

>>8879255
Just market sold my little stack. You're right, I was never gonna make it.
Should I put it in LTC?

>>8879883
Sergey isn't sitting there speculating on the price so why would he be talking about a "high supply problem"

>>8879516
The value of the token doesn't depend on any one buying it. That being said, I think Link is simply a bad investment because right now it's too soon to get any profit from it unlike going into other coins. If you want more FUD check the whitepaper tho.

>>8881701
That is just a smart disclaimer so they are (slighly) less likely to get fucked by the SEC.

>>8881635
Yes. Cut losses and move on. All you need to do is accumulate as much LTC as you can before LTC breaks it's last ATH. LTC is the most fundamentally undervalued coin in the market.

>>8879226
Sergey tried to update some code on github, but he was only able to update a readme file because he had been out all night due to an emergency Big Mac Attack followed by chocolate milkshake shooters. He was able to type out “$1000 E” before Rory had to administer insulin before he went into diabetic shock and discreetly rolled back the change. Some anon was able to archive the change, but they had already invested in Req so their laptop caught fire and they lost the link to the archive. They immediately posted something on /biz/ about stinky linkies and $1000 EOY. This altered the timeline. Welcome fren .

Theres 1 billion tokens.

Thats like super way more than everything thats trading in the $100s. Like... way over 20x more.

>>8880833
Philosophy is a degree for aesthetic rationals who enjoy detailing contingencies and are unaffraid of hard truths. It takes balls of steel to persue it independent of employment prospects.

>>8881821
I only made it through about 1/4 of this. You did your best!

this already had 100 replies and will go to 200 soon. that should tell you how much interest and hate this coin gets man. if you have at least some of this in your portfolio, you will make it.

>>8879516
This FUD doesn't matter much imo. Assuming we reach real world application, an incredibly high amount will tied up in nodes drastically decreasing actual circulating supply.

>>8882177
1
Billion
Tokens

>>8881701
>now is a bad time to invest in link because its value is low
>better to buy it when its value is high
the absolute state

>>8879306
>>8879380
if LINK is divisible to 18 decimal places, why can I only buy whole LINK tokens on Binance?

>>8882397
because its only 30 cents right now you pajeet, how about you wait till it hits 10$ and see if you can still do it

>>8882416
You could still buy a whole link at $10?

>>8882416
thank you based tough love anon

it's going to replace tens of thousands of jobs, the economic worth is OBVIOUS

>>8882472
Link won't make it past WW3. Is this good FUD?

>>8879414
Kek
I can't believe this bait worked

>>8882472
Who the fuck is Q

krown just talked about it https://www.youtube.com/watch?v=NHjTYuuiVFE

>>8882177
People just comment for memes and jokes nobody holds link here.

>>8882570
Q clearance patriot here.
LINK 1000 [K][EOY go->green]
Pray.
Godspeed.
Q

What is the one random, possibly retarded long shot coin you have in your portfolio?

Mine is COLX.

are there even any tokens with 1/2 link's supply that have made decent gains? 500million tokens?

I don't like LINK because progress is too slow and it's overhyped. Who cares, there's already centralized oracles that are working right now. Sometimes perfect is the enemy of good. LINK is the "perfect" solution that will never be finished and will lose to the "good enough" solution of oraclize it. Prove me wrong.

>>8883656
>overhyped
>centralized oracles that work fine right now what is the issue??????
HA

>>8883656
this anon is right. Oraclize is now and the future.

>>8883656
You honestly don't understand the issue with that? We're talking about Oracles that feed data to irreversible transactions. The oracles need to be decentralized and consensus-driven and incentivized. The only way to ensure the integrity of the process is to make it trustless. This is required for an internet of money to happen, and for people to be able to take its function for granted enough to keep building it out.

Like say a your centralized company retires their API, and say this happens years after it was created, how the fuck is it smart to then need everyone to go back and "fix" those contracts so that all the ones using them as dependencies now work? Wouldn't it be more sensible to use a network of decentralized oracles that stake these sources of truth and live or die by the integrity of the data they are providing?

Really think it through. The centralized oracles will be placeholders. The OK enough solutions are going to frustrate the interoperability and maintainability of early contracts. It'll be analogous to the early JS snippets on the internet that no one uses now because we have cleaner, more robust ways of doing things.

>>8879255
this is the best FUD i've seen. EVER

>>8884214
Where do you see links price eoy? I agree with you

>>8880645
>two developers

you realize it's an open source project, right? and that you can SEE more than two devs, right? and that an ethereum dev wrote a tool for this project, RIGHT?

buy 100k right now

>>8884533
kek. not just any eth dev. fucking nick johnson.

>>8883189
>>8883189
>>8883189
>>8883189

>>8884533
if its open source and all these amazing developers are contributing for free then why did they ask for 32million from investors?

>>8884559
Big Macs

>>8884559
if there was no community involvement (ICO investors) would it really truly be decentralized at heart?

>>8884571
This

>>8884571
Not this

>>8884559
why did ethereum need 18 million for it's ICO?

shut up stupid bitch

>>8881739

LitePay is dead, and so is LTC

It is just a cheaper bitcoin, without the branding

>>8882011
>All of the top priced coins use a node and staking system.

>>8884214
Did you really just compare blockchain to JavaScript?

They already have "decentralized" oracles. It's called using multiple companies like oraclize it to get the job done.

You think enterprises really rely on a single vendor to do anything? Any serious company will distribute their workload to multiple vendors in case one goes down. Perfect example is my last company, we used AWS and Softlayer to host a multi-master database cluster, that way if AWS shit the bed, Softlayer data center could take over.

At the end of the day, enterprises want multiple vendors, SLAs, and someone to sue / blame when things go wrong. They do not want a faceless network with no SLA, no accountability, and no one to sue to handle their data. I'm sorry, but you have been sold a lie by niave people who have never managed an Enterprise.

As soon as someone says "let's use ChainLink network", the CTO is gonna say, okay what is the SLA??? Sergey is gonna stumble and say "well you see there really isn't one because blah blah blah consensus". The CTO will tune out and go "wow I feel dumb, I'm just gonna buy whatever IBM is selling".

And don't even get me started on legal and compliance. You really think corporate lawyers are gonna be okay with using a service to execute financial transactions on behalf of their Enterprise with no accountability and no one to sue when it eventually goes wrong because someone wrote bad code? Are you high? You people are insane and have never worked for a big co. This will NEVER work. CTO will shoot it down, Chief Legal Counsel will 1000% shoot it down, and the CFO is gonna be like fuck no we are not touching crypto currency.

>>8885862
Wow. Glad I never worked where this guy worked. Full of Jews saying “no” and “can’t” it sounds like.

Anywho, LINK $1000 EOY faggot. Why don’t you go reread the definition of “decentralized” so you know what you’re talking about?

>>8885912
This is a joke. Decentralized to an ENTERPRISE means no single point of failure. It does NOT mean random people on the internet handling your money.

Yeah I've worked at multiple fortune 50s as a consultant. I know how these companies work. Sorry but if you're expected giant companies to trust link, you're going to be disappointed. Startups sure. Enterprises? No. It's too risky legally. It's too risky technically. It's too risky period. People at these places like their easy jobs. They like being taken out for lunch by IBM consultants, and they like not losing their jobs when the <insert system> goes down because it's the vendors fault they are fucking stupid let's sue them blah blah blah.

Sorry but that's just the way it is. Maybe that will change in 10 years. But for the foreseeable future, enterprises are run by old fucks who can barely understand email, with notable exceptions in the tech space who wouldn't be interested in LINK anyway.

Keep lying to yourself and getting emotional about your investments. LINK will never capture the Enterprise market in the next 10 years. Sorry.

>>8885999
sure you did
my dad also works for Nintendo

>>8885999
T--t-trips of lies :(

>>8886017
Okay you mouth breather, answer me this question:

Isn't the ChainLink network a single point of failure for oracles?

What if there is a bug or a security vulnerability in the underlying ChainLink software? The entire network could be compromised.

Therefore, you have a dependency on a single point of failure: the ChainLink code.

To ensure this single point of failure does not take down everything, let's use multiple decentralized oracle networks, said the CTO.

Now tell me again how LINK will be adopted as the single network??? Reminder: enterprises always use multiple vendors to diversify their stack, ensuring if there's a problem with one vendor, it doesnt shut down everything.

>>8886176
Easy upgradability is one of the design principles of chainlink.
You would know that if you did any research instead of giving worthless opinions.

>>8886176
>what is open source
>what is decentralized infrastructure

>>8885999
Microsoft windows,bigger problems,in game since 1995. No,no,no we won’t use any,what if system crashes,what if HD explodes,hackers and viruses. Every company that looses data sues microsoft on the spot,i lost my phone,let’s sue apple,printer won’t work let’s sue xerox, i crashed my car lets sue the manufacturer,the city,budwiser and the state! Earthquake,let’s sue the world,see that volcano over there,my lawyers gonna financially ruin this fucker. -you eather jump on a train or get left behind.

>>8879339
you cant be serious lmfao. fucking moron kill yourself

>>8885999
>People at these places like their easy jobs. They like being taken out for lunch by IBM consultants, and they like not losing their jobs when the <insert system> goes down because it's the vendors fault they are fucking stupid let's sue them blah blah blah.

fucking truth. i'm convinced our IT department half asses everything to ensure job security. i can't blame them though; it's not like anyone else understands the back end functionality

>>8879226
Vaporware and founder manipulate price to keep it low instead of pumping it

No traction

>>8885862
>>8885999
>>8886176

Larping faggot. I’ve worked at multiple banks in Australia and all but one have experimented with DLT in some form. Furthermore, on the laptop in front of me, I have half a dozen SaaS apps I’m currently using to do my core role. Using chainlink will be easier than you think, I could 100% see it sitting within enterprise tech or procurement.

It will happen, Sergey is a corporate animal from way back and he knows these people.

so poor literacy in some western countries are not a meme as this thread shows with a decent sample size

is this copy pasta general /cpg/?