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/biz/ - Business & Finance


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12288561 No.12288561 [Reply] [Original]

Ekiden and shintaku we're the only ones that scared me.

Companies like kaleido using private nodes scared me but I don't consider that fud since I was the first person I saw write about it after kaleido and Amazon's announcement and I wasn't trying to fud but was actually worried.

How about the rest of you?

>> No.12288582

Rewriting the project in GoLang worried me a bit.

>> No.12288584
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12288584

>>12288561
The rumors of sergey taking the money and backpakcing and asia scared me pretty good almost sold 100k
Also the rumors that he spent all the money on bigmacs.

>> No.12288585

>>12288561
when an anon said sergey owns 35% of the supply for personal sale whenever he feels like it I knew it was a scam

>> No.12289586

Sergey talking about NXT in the present tense

>> No.12289627

>>12288561
I really don't understand why they bought a fleet of clown cars and a bunch of monkeys but whatever $1000 eoy

>> No.12289650

Jason Parser's shadowfork scares the shit out of me, still.

>> No.12289713

fuck off delphi

>> No.12289722

>>12288561
>>12289650
Indeed, I still don't know if the shadowfork will happen or not.

>> No.12289780

ITT: pajeets mining for ideas

>> No.12289815

>>12288561
I'm terrified of the Toilet Witch, which is why I shit on streets.

>> No.12289886

>>12289722
What if it already happened?

>> No.12289901

>>12288561
Public vs private is a real concern.
There is no guarantee anyone will actually use the public network. It is also not guaranteed that there will be much money in node operating even with usage. We are talking about verifying data, you are not selling a product. The overall payout for running a node could be quite low. With nobody even using it, expect a massive dump to sub ICO.

>> No.12289942

>>12289901
Just sell already, fucking brainlet

>> No.12289990

>>12289942
hurr

>> No.12290060
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12290060

>>12289990
What the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Navy Seals, and I've been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I'm the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You're fucking dead, kiddo.

>> No.12290230

>>12288561
Sergeys linked in account scared me, and it still does.

>> No.12290253
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12290253

>>12289650
I started wearing a diaper whenever I browsed biz after seeing this fud

>> No.12290918

>>12288561
The only FUD that is legitimate for this project is Sergey owning 2/3 of the supply.

At least 1/3 is going to hit the market. There’s also an incentive to keep token price somewhat stable as to not destabilize the its entire economy.
If this moon mission really does take off, Sergey can easily start dumping his token. And we are going to need ALOT of buying power to absorb it.

>> No.12290931

>>12289901
This is retarded and you’re probably the biggest brainlet on this board.
This entire network will be built upon selling Data to contracts. At least read the white paper please.

>> No.12291000

>>12288561
Literally none of the FUD I've ever seen is organic, it all comes in such obvious waves of manipulation.

>> No.12291078

>>12290931
The data itself could be valuable, but that doesn’t mean the middle man relaying that data must be very valuable. Think about it, anyone in the whole world could run a node selling verified data. There is minimal barrier to entry. Why would contracts pay Big money for such a basic bitch service

>> No.12291128

>>12290918
This is a very real concern. It is in CL's best interest that the LINK market is liquid as possible which means low prices.

>> No.12291150

>>12289586
Underrated

>> No.12291200

>>12290060
Its not even a good pasta

>> No.12291273

Eth can't scale
Private chains
2/3 of supply
Too early, MySpace of oracles

>> No.12291312

>>12291273
Pretty much all this, especially the last point

>> No.12291318
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12291318

the fud that scares me isn't directly related to chainlink. there's shills on this board, that's a fact. a small pit in my brain always wonders if chainlink is just some elaborate shilling that just caught on memetically. then i look at the research, the dots, the bread crumbs, and it makes me feel better. then i realize that's probably what someone who's chest deep in the shilling would do and feel.
fortunately i've spread out my hardware wallet and keys in a way that it's not very easy to get to them. i don't trust myself.

>> No.12291342

>>12291128
assuming the team is acting in their own interests, extreme liquidity of chainlink wouldn't be necessary. what they need is a strong network of node operators to bring value to the chainlink network through increased security.
to incentivize node operation, you'd want chainlink to be valuable because staking pays out in chainlink.
the team also reserves 1/3 of all chainlink for their own funding. so the team has a stake in chainlink's price as well.

>> No.12291353
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12291353

>>12291342

>> No.12291355

>>12291078
What are you even on about now? Are you talking about the individual price per data request? No SHIT it’s going to be cheap because you’re offering a service that is relatively easy to do. Each request could only be worth fractions of a penny but your nodes could be processing thousands of those per day.

I’m not even entirely convinced you know what the fuck you are talking about. Especially when you say
>anyone in the whole world could run a node selling verified data
????????????
Excuse me, and how is this a bad thing?
What the fuck are you even talking about buddy.

>> No.12291905

>>12291000
>Trips
And what's that I see, a one? 1000 EOY ACTUALLY CONFIRMED, we're all going to make it in 24 hours, even those of us with a 1k suicide stack

>> No.12291920

The gox coins scare the shit out of me , gonna be a race to market sell.

>> No.12291929

>>12291355
Hey buddy. I’m saying there may be a need for verified data. That data may be valuable because it requires a data provider to be in a unique position to acquire that data. A contract may place a high monetary value on using that data.

But that doesn’t mean the chainlink network captures a significant amount of value for delivering said data. Nodes operate on the open market. Presumably, if there’s value to be had in running a node, the market will become so saturated that you could expect to make the cost of electricity, and not a cent more. There is no barrier to entry: minimal setup or initial investment, mostly passive once you’ve setup your job spec, minimal maintenance required. It’s a NEETs wet dream, which is why no one will get rich off of it, even in best case scenario.

And don’t get me started on muh collateral will drive up the price. That’s a meme and there’s no reason for a contract to demand more than a modest penalty deposit

>> No.12291987
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12291987

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.12292694

>>12291929
>1929▶
Sure. Let's put billion dollar contracts on smart contracts and only require 'a modest penalty'. How are you retarded so much?

>> No.12292708

No link fud works on me, my iq is too high, but people posting about feet in holo threads really turned me off

>> No.12292729

>>12288561
>>12289901
If you actually think that private blockchains achieve anything in terms of security and legitimacy of data you should sell.

>> No.12292867

The general crypto FUD of Buffet, Munger and big banks.
Not the specific FUD, but their zealous antagonism toward every coin/token on the market.
At some point people like them, or people that respect them and highly value their opinion, is gonna have to adopt Chainlink - otherwise there will never be any kind of adoption.

>> No.12292911

>>12291929
This and the spelling errors

>> No.12292921

>>12291128
Wrong. Token price must rise to meet demands of collateral.

>> No.12293490

I honestly thought Link was just a boardwide meme until I read this thread. I feel so bad for you guys.

>> No.12293521

- Sergeys failed project from the past (but its not a big deal, its just question of a competence)

- Grammar errors (unacceptable, like wtf is that ?)

- Fact that they are advertizing Etha as their partner and Etha looks like complete scam (If it really is it will hurt their image)

- Not sure how the 35% going to "Node Operators and to Incentivize the Ecosystem” will be distributed

- The ICO Controversy, not using a smart contract and by the time the ICO was opened to the public, only $3mil of tokens were left - far fewer than promoted.

- Very very low community communication (great events, but same presentation, zero information about progress, (pivotal is stupid, there are task scheduled to be finished at the top for months without any progress) no medium articles discussing tech and implementation for developers, no eoy18 message from Sergey like in 2017) (but maybe /biz/ autists and meme spammers are the reason)

Cant think of more, stupid private chains and Ekiden/shintaku FUD is stupid

>> No.12293548

>>12293521
And do add biggest FUD :

- All these breadcrumbs are real but at the end of the day it wont matter because all these breadcrumbs are only because of tech companies were researching and trying to understand blockchain/dlt systems and wont adopt it because of this and this, we are super early but we know zero shit if it will be implemented, we have nice articles on how this and this can be better with blockchains but it doesnt matter... what matter is those big companies that will adopt this technology and we spamming fat and nazi sergeys to executives is not helping this case for sure

>> No.12293560

>>12290060
Cringe

>> No.12293569

That the team dumped over 30k ETH from ICO last month. What did they mean by this? They literally sold the bottom at $80.

>> No.12293586

>>12293569
Maybe they were trying to "protect" the funds of the company by tethering

>> No.12293594

>>12293586
Great job, tethering the bottom. Why didn't they sell at $500 or even $200, no they sold the absolute bottom.

>> No.12293607

>>12293569
Source on this. It's dumb to sell the bottom, but selling the ICO eth is what should happen.

>> No.12293613

>>12293569
Sergey is one of us

>> No.12293627

>>12293607
They sent it using this address to Kraken: 0xcd43A19EA5e4F9fCf229DF53F86747ad2c5613Be

This address belongs to 0x1BbB9dd9B3dc1E83d1AcD1f1152E51737CC6c70d that holds 50 million LINK and is also part of the multisig wallet that holds the 350 million LINK.

>> No.12293883

>>12293627
Its 3k ETH you dumbass

>> No.12293918

>>12293883
They sent between 3000 and 3500 ETH per transaction. Check again.

>> No.12294080

>>12293918
This is good info

>> No.12294131

>>12293918
Its not Chainlink you stupid faggot https://etherscan.io/token/0x57ef32946ad41795e57b2264baf3a45bed17d31b

>> No.12294231

>it's just a meme
Early in this year, it got me once :(

>> No.12294245

>>12294231
how does it feel now, knowing they where right?

>> No.12294258

>>12293627
Damn

>> No.12294272

>>12291000
>Literally none of the FUD I've ever seen is organic, it all comes in such obvious waves of manipulation
Within hours after I posted the kaleido private chains concerns, someone started copying and pasting it, and others started repeating it but slightly dumbed down.

Maybe they were leaving but it did seem like someone wanted to use it to fud....

>> No.12294366

>>12294245
I got 20k stack and I'm just fine, thanks for asking :)