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

/biz/ - Business & Finance

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10649911 No.10649911 [Reply] [Original]

If chainlink is so necessary for smart contract to see real world adoption...why isn’t it in the top 10? Why do people outside of this board never breath a word of it?

>> No.10649919
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>> No.10649921

Because u gay

>> No.10649924


They don’t know about it.

>> No.10649928
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Because it's just a scam, dumb nigger.

Fuck LINK and Oraclize.

>> No.10649929

I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

>> No.10649932



>> No.10649935

Jason parser made by a philosophy student

>> No.10650015

Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>> No.10650024


>> No.10650045

Because no one gives a fuck about the ramblings of a bunch of retards on a South Sudan carpet appreciation board. People in the real world are quiet about it because they're gonna make a fuckton of money and don't want others catching wind of it.

>> No.10650052

1. Zero marketing
2. Zero shilling
3. It is not ready yet
4. They try to keep low profile for now

>> No.10650062
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>zero shilling
You have a bunch of chinks spamming it nonstop here constantly that's been going on for about a year now.

Fuck you and your scam, Oracle.

>> No.10650079

>spamming it here
are you retarded? Almost no one who will need LINK or FOMO into LINK exist on this board. The shilling exists in places normies don’t look. Just go to reddit and see the FUD we create.

>> No.10650091
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Yeah no more fud and no more shilling is the consensus at this point tho

>> No.10650094

I am a link whale with 10m link I acquired during the ico


>> No.10650145

Chainlink is tied to Bitcoin.
The crypto community still hasn’t absorbed the importance of the Bakkt news. It is HUGE. The futures settled with bitcoin are likely to be more of a game changer than the CBOE ETF everyone is obsessed and overreacting about. And that’s not all, Bakkt’s plans for retail adoption are set to give bitcoin UNPRECEDENTED exposure! Not to mention they want to make it possible for pension funds to invest in bitcoin, which could also pour so much money into the space... Such gigantic news, really. Overwhelming! To me it means the future for bitcoin is brighter than ever, regardless of the current downward price action.
This means chainlink will be huge!
Buy while it's still cheap!

>> No.10650156

pls die

stop larping

>> No.10650195

Kys redditor

>> No.10650201

it's a discord group pumping and dumping bags on newfags

>> No.10650219

>Why do people outside of this board never breath a word of it?
Same reason your parents never bought microsoft and apple stock in the 80s. It's hard for normies to visualize the importance of certain tech until it's too late.

>> No.10650293
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It's really, really hard to see the potential for a market that doesn't exist yet.

>bit..coin? digital money? what's that even going to amount to?
>ethereum? smart contracts? does that even have use cases?
>chainlink? solves the what problem? what's the utility of that?

But considering the combined records of /biz/ and /g/ being able to see the first two way ahead of reddit and other normies, and given that ideas and memes generally start here and bleed outward, why WOULDN'T it only be spoken about here first? You're only going to see Chainlink on reddit, facebook, or CNN when it's too late.

>> No.10650333

Because the stupidity of your average investor makes the market inefficient

>> No.10650555

Market making is where the profit comes from, anon.

>> No.10650590

It's not chainlink that is so necessary it's what chainlink is supposed to do that is so necessary. Right now we don't know if it's going to work. But we are betting that it will. If it does, I'm retired in a year. If not, I wasted a bunch of time and money. Wouldn't be the first time.

>> No.10650762
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>> No.10650787

Mmm those digits. Also req

>> No.10650809

Are these the kind of losers that hang around around /piz/

>> No.10650837

>duh, what is a stealth phase? never heard of it

>> No.10651342
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Our time will come ;)))))

>> No.10651548

this. because chainlink has never been marketed to the normies. $0 has been spent on marketing so far. by the time it begins normal AAA marketing tier shilling everywhere once the mainnet is launched, it will already be too late to pick up cheap bags.

>> No.10651634

Someone has to be the first to hear about something, anon.

>> No.10651652

Link also doesn't need to be marketed to normies. The tech is new and cumbersome, so the first people who will benefit from it are big businesses. This is like the first cell phones.

>> No.10651764

I recall the thread advice boomer anon created the other day, and I notice you attempting to parrot his explanations. It's boring. The endless regurgitation of concepts what get raped by pajeets and brainlets over and over is turning my brain to mush. You faggots are worse than alcohol.

>> No.10651772
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>> No.10651834

was 4chan all over btc and eth before the normies caught on? Is the same happening with link?

>> No.10651917

Req needs Link to work.

>> No.10651969

been like this for what 10 months?

>> No.10651981

these are good

>> No.10651990
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>> No.10651998

>doesn't refute the argument
>thinks labeling it with a pejorative convinces anyone with an iq higher than room temperature

>> No.10652004

I think Link has a future but it isn't BTC or ETH levels. /g/ isn't sperging out over Link and just because Link has really autistic shills doesn't mean it is bleeding over.

Nobody is talking about Link outside of 4chan.

>> No.10652018
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>this ERC shitcoin is going to make me rich

>> No.10652023

>refute my argument
it never ends. you braindead street shitters just parrot everything you read.

>> No.10652029

Plenty of shitcoins have made people rich. Were you not here last year?

>> No.10652048

I'm not talking about the past. And yes profits where made

>> No.10652060
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I think financial industries aren't ready to use smart contracts yet. give it 2-3 years or something.

>> No.10652205

why would /g/ sperg over it though? It's not new technology. It is a decentralized oracle. It's a necessary step to advancing blockchain and smartcontract tech, but it in itself isn't revolutionary or a breakthrough tech.

>> No.10652308

>I think Link has a future but it isn't BTC or ETH levels.
you're right, it's way, way above that
because if you think an actually useful piece of tech dabbling into quadrillion dollars large markets is going to do worse than dinosaurcoin or a shitcoin dispenser you're retarded

>> No.10652381

>shitcoin dispenser
I laugh way harder at the little things than any greentext story

>> No.10652457

>/g/ isn't sperging out over Link
biz is the crypto version of g

>> No.10652873
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>$0 has been spent on marketing so far. by the time it begins normal AAA marketing tier shilling everywhere once the mainnet is launched, it will already be too late to pick up cheap bags.
I just realised that this is another thing that makes it spookily similar to the 2016 election of Trump. He spent very little on marketing until just before the election, also got the 7777777 get on pol.

>> No.10652943

if you dont know then you are the normie

>> No.10652953

agreed. doesnt mean link wont moon before then based on speculation though. just look at ripple.

>> No.10652998


>> No.10653476


as soon as 1 big player in a field does it the others will be forced to implement quickly to be able to compete

>> No.10654008
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Remember Us.

>> No.10654079

this is a next level meme

>> No.10654466

Quotes Hyperledger Director.
Jesus Christ the state

>> No.10654484
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>> No.10654595

I will unironically tattoo this on my left shoulder if I make it with link.

>> No.10654709
File: 25 KB, 182x277, AB2EFC29-B593-44A1-8E41-A098F4948B09.jpg [View same] [iqdb] [saucenao] [google]

I saw Sergey in an upscale steakhouse the other day. At first I couldn’t recognize him because of all the weight he’s put on recently even though I was sitting at the next table over. But I knew it was him after I overheard someone asking the waiter if they served Big Macs, which of course they didn’t, and as I turned around he began to throw a tantrum, tossing his menu onto the floor and pounding his fists on the table. “Don’t you fucking know what my PSD2 compliant decentralized oracles are going to do for the smart contract economy you stupid wage slave!?” He shrieked, to the shock of the other restaurant patrons. It looked like him and Rory were having an important meeting with financial types before his hangry attitude kicked in, so Rory hastily dug into his leather man purse and pulled out a crumpled, grease-dotted McDonalds bag, gingerly handing it to Sergey under the table. “Sergey sweetie, you promised you wouldn’t act this way, we’re going to have to go home after this with no second Big Mac if you don’t behave,” stammered Rory, attempting to calm the angry giant. Sergey snatched the bag and retaliated with an extremely loud fart before greedily unwrapping and chowing down on the Big Mac inside. I decided to leave shortly thereafter since I didn’t feel safe around Sergey’s unpredictable behavior, and the fart wafted onto my food anyhow.

>> No.10655789

That's the sanest thing in this thread.

>> No.10656164

cause the market is big and there's a massive overvaluation. chainlink has a mcap of 93M, similar to ethereum for quite some time.

>> No.10656225

Because people only talk about shit that has mooned, or is mooning,
Normies will look at a chart going sideways or down and think "gee what a stupid place to put my money i cant make any gains from that" and yet they will continually by the top of a pump because they read that shitcoin X is going to be the next big thing and their favourite youtuber put a picture of shitcoin X next to their open mouthed wide eyed selfie photo on the thumbnail.
Normies dont yet care about decentralized oracles or the oracle problem, they care about concurrency tokens to make retail purchases and only have the attention span to hear PARTNERSHIPS! BANKS! BIG ANNOUNCEMENT SOON!

>> No.10656274

We need to progressively stop the FUD so the normies and programmers slowly get into it.

I mean, if from one day to the other we start shilling LINK, people will feel that something is wrong. They need to get used to the name. Slowly but surely. That why, instead of instilling FUD, we need to stay idle for a moment and let a few shilly comments pass through our filters.

So when the day comes when we start shilling the fuck out of LINK, people will already have read the name, maybe even looked at the webiste. Most of them would have thought at the time "meh this looks good" and their subconscious mind will add "and it has not been shilled as much as TRON and BCH". But they would have looked at the webiste, understood that LINK is actually credible. But they would not dig any deeper.

So when we start shilling it, they will have no filter against FOMO. They will FOMO in like crazy. And then we will make it.

It will also allow programmers to start developping stuff and influencing their companies to start using it (because does not want to get a promotion and become the crypto guru at his company?).

We really need to do that /biz/.

What do you think?

>> No.10656281


>> No.10656314

It's never gonna happen guys

>> No.10656650

Lol even my shitty bank announced in their website their future objectives which include smart contracts implementation for lowering fees etc

>> No.10656705

Hi newfriend

>> No.10656769


>> No.10656815

Link keeps climbing in sats or is it just me? It seems it’s holding up well if nothing else or someone is accumulating a shit ton

>> No.10656854

A lot of people don't understand blockchain let alone smart contracts.

Most people who understand the basics of blockchain and smart contracts don't consider the logistics of getting data on-chain and assume it's simple to do.

Most people who realise it isn't simple think oracilize or similar are all that's required.

Few people realise that a decentralised network and decentralised data works best - these people hold chainlink.

>> No.10656859

because the technical community has looked at it, and realized that centralized oracles just aren't interesting or new.

>> No.10656865
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We are really going to make it.

>> No.10656978

Sats wise it's holding up. Still 60%down from Ath.
It's raping the Eth ratio though

>> No.10657035

It was implied, that link should be much higher so, digits are a given.

>> No.10657458
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>why isn’t it in the top 10?

Answer? See image.

>> No.10657766

I do not buy the they do not know about it yet. how is that even possible? I am talking about people in the space. Obviously the masses will probably believe cryptos only use case is buying a coffee at starcucks

>> No.10657919

I just hold chainlink for the memes