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

/biz/ - Business & Finance


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13931976 No.13931976 [Reply] [Original]

LINK is gonna dump hard, why? Cause market is disappointed. We were promised high quality partners, detailed information about network usage, and what's happening with the 650M tokens now that mainnet is announced, but they didn't delivered.

If you want to LINK moon again you need to refute this statements with logic and reasoning, otherwise this shit is going down until a black swan event happens (microsoft, sap, aws partnership) for the next 6 months, slowly bleeding like all the other shitcoins (OMG, kyber, rlc, zrx)

The current statements are

>T.signatures are in conception phase, not audited and not even on the icebox of the pivotal tracker. It might take months of testing before being a mainnet feature.

>SGX isn't supported by current mainnet, shit still need to be audited. It's month away

>No info about token distribution, how the incentives for node operators are being handled, and no clear level of usage in network

>staking and penalty contract are still in building phase, and they want to use real data to build them, so it might take months to be done

So, in the end we can say that this shitcoin did a cardano tier mainnet announcement, failed to deliver key valuable features, and despite fundamentals are bullish as ever on the long term, there isn't a single reason for this current marketcap to stay like this or grow in the next 3 months. On top of that, og link Marines bought between 12 and 22 cents, so even at 50 cent they did a x3.

Refute this to save link

>> No.13931997

>>13931976
Press f to spit on sergs grave

>> No.13932007

>>13931976
It's pretty hard. The expectations of several brainlets on this indian e-marketing forum were unrealistic, but they really REALLY underdelivered. Hands are very shaky, and I'm still well in the green. What do?!

>> No.13932019

>>13931976
the initial mainnet is limited, yes. but they are smart to do it in a phased approach. as they expand to 21 nodes, and more data providers in the coming days, you'll start to see more of the "literal whos" using the network. after that, full sgx implementation, token staking, etc.
sergey and the team don't care about the short term token price, surely you understand that.
they realize that if they are successful, the token will be a top 3 crypto, and will inironically change the landscape of multiple industries.
you neets need to look at the long view. this is only the beginning. the last bullrun saw literal shitcoins do 80x for no reason. it's different now. link will moon based on actual adoption.
if you think the mainnet launch was a failure, you are a confirmed brainlet - they gave you a hint with threshold signatures. if threshold signatures works, it will solve scaling problems on eth. wrap your tiny brain around that.

>> No.13932067

>>13932019
The similarities between Anthem VG launch and chainlink mainnet are really similar. They both promised to change the current scene, but their lack of features crippled the overall result. If a multimillion company can't fix a game in 6 months, why you think chainlink will go faster than that? Also don't sperg emotional shit, focus on the statements

>> No.13932104

>>13931976
Why would I want to refute it? A flower that blooms slowly is just as beautiful. I’ll scoop up more seeds while it’s dumping.

>> No.13932112
File: 14 KB, 278x371, 1540975362307.jpg [View same] [iqdb] [saucenao] [google]
13932112

I feel like I have wasted 2 years of my life

>> No.13932121

>>13932067
>Anthem VG
is this bait?

>> No.13932147

>>13932067
>don't focus on emotional statements
>threshold signatures
>UGH WHY ARE SPERGGING

Go back to discord tranny

>> No.13932184

> we were promised high quality partners

No. We SPECULATED on high quality partners. This led to autistic connect-the-dots game, which in time led first to hope and then (in some) to the firm belief that they were true. At no time did the team say that mainnet event or the blogpost reveal big partners, that was only /biz/ interpretation. This could be best seen in the way that any post calling for some rationality and not having too high hopes was met.

However, just because the partnerships were not revealed yesterday, does not mean they don't exist. Have patience, or sell you stack.

>> No.13932196

>>13931976
>We were promised high quality partners

no one from chainlink promised this, they have always played things down and they always wait for people using chainlink to make the announcements first before they talk about. it was literally all just speculation and only idiots thought they were going to announce something crazy with mainnet. you'll never make it if you live and die on hype cycles, you'll just get pump and dumped on. try to be smarter than that in the future please.


and as for all of your other concerns, you're just complaining about something thats still in development is... in development.

>> No.13932206

>>13931976
I have the highest iq in this thread. Link is now a shitcoin. Every one of you is starting to annoy me.

>> No.13932281

>>13932184
>>13932196

https://twitter.com/chainlinkmarket/status/1133775694113067008?s=20

Cope harder, the man himself said it on those videos. Check other twitts from chainlink market aka Adelyn

>> No.13932314

>>13932281
Said what you idiot?

>> No.13932323

>>13931976
>only high iq posting
>asks stupid question
come the fuck on, is you that stupid?
In crypto, you know what will be announced -> You sell. You hear epic rumour? You buy.

>> No.13932414

>>13932314
Said that they speak and partnered with high quality data providers. Not a single detail about swift partnership development.

>> No.13932417

>>13932281
Show me the exact time where he says "we will reveal many high quality partners at the same time mainnet goes live". THIS was NEVER promised to us, nor does the absence of partnership confirmations yesterday mean that they are not coming in the future. Too many of us had too high hopes due to reading and believing /biz/, but that does not mean we were lied to.

>> No.13932460

>>13932417

Check rory screencaps when he talked about mainnet 1 year ago. We were promised that on mainnet release the partnerships will be revealed. Maybe you entered just 2 weeks ago paying 1.20 per linkie, but Ive been here for 2 years and remember everything.

>> No.13932605

>>13932460
The burden of proof lies on you, fag. As I'm not an autist and don't hangaround in biz all the time, I have no recollection of this, and pardon me if I can't be arsed to find some arbitrary screencap from the bowels jewgle or warosu.

IF, however, you provide the proof of someone from the team saying that we were promised confirmations of yuge partnerships simultaneously with the mainnet launch, I will beg your forgiveness, get on my knees and personally spread my asscheeks, so you can tickle the entry point of my anus with that half-inch maggot you call your dick.

And what's the fucking rush, if you've held through the last years bear as have I, you should know better.

>> No.13932624
File: 1.04 MB, 950x1006, 1553615818619.png [View same] [iqdb] [saucenao] [google]
13932624

>>13932460

>> No.13932630

>>13931976
we were promised NOTHING, FAGGOT
you fudgepackers DELUDED YOURSELVES into thinking you'd get all that.

>> No.13932637
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13932637

>>13932605

>> No.13932641
File: 230 KB, 1080x793, IMG_20190531_144433.jpg [View same] [iqdb] [saucenao] [google]
13932641

GTA V:
>Goal: Make a video game
>Budget over ~900 million
>1000+ developers
>Took 7 years to develop

ONE FUCKING THOUSAND DEVS

Chainlink:
>Goal: Solve the 'Oracle problm"
>1 dev, 1 philosophy major + "advisors" & freelancer shit-tier unemployed bedroom "devs"
>32 million budget

Don't you fucking see it? It is literally a fucking shitty start-up. With 1 dev and 32 million budget you can't do shit.

>> No.13932653

>>13932417
THIS, YOU ENTITLED FAGGOTS

>> No.13932657
File: 1.06 MB, 1600x1756, 1_-TDJT-fIBfTHrpxhgdi8Yw.png [View same] [iqdb] [saucenao] [google]
13932657

This are on Google images. Just search rory chainlink mainnet and look at all the lies

>> No.13932674

>>13932605
It was stated at the beginning that 'partnerships' would be revealed on mainnet. True marines will remember. I can't be fucked to find proof, but this was alluded too by the team early on.

I've held since ED days, just after pre-sale. In any case, Link will take time to develop. Still the most bullish project out there. Wouldn't surprise me if they want 1 last attempt at shaking out us neets. Hold strong boys. Or sell IDgaf what you do.

>> No.13932677

>>13932657
none of those statements are even remotely lies.

>> No.13932695

>>13932674
it wasnt. rory said that partnerships and marketing fill start rolling in more after the mainnet. Also stated in the same breath was that they'd not announce partnerships, and let the partners themselves do it.
What's the problem, faggot?

>> No.13932718
File: 111 KB, 536x715, 1_gC6QRYuNPVoDJWaM_rT7Iw (1).png [View same] [iqdb] [saucenao] [google]
13932718

>>13932677
Where's the info about node incentives? Another lie

>> No.13932745

Why are people concerned with "hype" for this project? I feel like even many linkies have the wrong feel for Link.

You do realize it is middleware, right? Like, boring-behind-the-scenes-of-other-programs middleware? Hence, the boring but very bullish blogposts? This isn't a standalone platform like Eos or ETH where announcements are key to life.

The takeaway from yesterday is that ChainLink can be used to solve many issues, for many clients-one of the biggest now being threshold signatures helping scale blockchain technology itself. This is good, this is where the real adoption is, where the real money is-far from the rest of the manipulated pnd Ponzi crypto sphere that rely solely on speculative value.

If you think crypto is the future, why don't you believe it will find traditional, intrinsic value? If blockchains are better for most industries out there, why treat it as if it will forever be a speculative class of investments? Chainlink can and hopefully will (as I am invested in it) continue to be increasingly valuable to many other businesses/corporations.

>> No.13932810

>>13932745
Because hype is what drove a 32m mcap token, with 65% of supply unreleased achieve a x12 since ico. This shit is going down to rank 50 or 80 because of the lack of hype, so if you are a long term investor, you are going to suffer

>> No.13932899

>>13932810
I agree about that, and am starting to feel like a deluded retard for not having sold, but isn't a lot of the value of the token gained from actual usage? Like it's not just us token holders that have a say on the price, but also the traffic coming through the network (which as of day 1, I understand is underwhelming). However, what if in a couple of days/weeks/months things aren't so underwhelming and we see a huge increase in network usage? Why do people think it will take so long for everyone to get on board? Within the timeframe of ICO to main net, the autistic fucks around here have discovered just about every use case possible for this coin, how have actual non-retarded non-4channelers not figured this out, even when a lot of it has seeped out into the filth of crypto twitter?

We will see usage, we already are. I see no reason why this should take an unbearable amount of time much longer to skyrocket.

>> No.13932918

>>13932899
>coin

nvm I'll kms

>> No.13932978

>>13932718
what? he said that there'd be new before EOY. There was. Sergey made a blogpost

>> No.13933229

>>13932978
Do you realize this is exactly the same type of language a scammer like ADA Ceo uses right? promises and announcements of an announcement. LINK used to be different, but after yesterday fiasco, is just another erc20 scam

>> No.13933244

>>13931976
>We were promised high quality partners, detailed information about network usage, and what's happening with the 650M tokens now that mainnet is announced, but they didn't delivered.
No we weren't.

>T.signatures are in conception phase, not audited and not even on the icebox of the pivotal tracker. It might take months of testing before being a mainnet feature.
>SGX isn't supported by current mainnet, shit still need to be audited. It's month away
>No info about token distribution, how the incentives for node operators are being handled, and no clear level of usage in network
>staking and penalty contract are still in building phase, and they want to use real data to build them, so it might take months to be done
Yeah, Chainlink sure has great stuff in the pipeline.

>> No.13933264

>>13933229
>promises and announcements of an announcement
Which Chainlink does the least of in all of crypto.

>> No.13933274

>>13933244
>pipeline
>Signatures not even on Icebox as per today
>coping

The absolute state of biz/

>> No.13933279

>>13933274
Yes, in the pipeline.
Did you miss the blogpost?

>> No.13933299

>>13932657
>>13932718
>>13933229
So if Chainlink promises to release its mainnet, that constitutes "announcements of an announcement"?
You have brain problems.

>> No.13933323

>>13932637
Where exactly does that say "partners revealed on mainnet launch?"

>> No.13933340

>>13933323
None of his pics show anything like what he's claiming they show.
He's a pissed swingie desperate for a bigger dump.

>> No.13933354

Gonna be a slow bleed back to former support levels around $0.40 to $0.50

>> No.13933621

>>13933299
They released a crippled version of mainnet and immediately published a blog post about theoretical ways to 'improve' it.

They have no idea what they are doing and now they try to improvise 'solutions'. No one is using their shit atm because it is not profitable.

Yesterday was a pure disaster and soon the most retarded ones are gonna realize it too.

>> No.13933670

>>13933621
>They released a crippled version of mainnet
*an early version
You know, like anyone does at the brand-new launch of their brand-new product?

>and immediately published a blog post about theoretical ways to 'improve' it.
Based and bullish af.

>Yesterday was a pure disaster
I bet you think men are women too.

>> No.13933692

>>13933670
>You know, like anyone does at the brand-new launch of their brand-new product?
Well you know smart contracts. Can't update that shit.

>> No.13933706

> We were promised
by 4chan larpers lmao get rekt you bedtime story newfags

>> No.13933719

>>13933621
threshold signatures are quite bullish as well as the data providers. bnc handles nasdaq feed, hydrogen i believe does td bank.

also their chainlink node has seen more activity in less than a day than shitcoin mainnets have seen in the past 2 years.

>> No.13933722

>>13933692
What?

>> No.13933741

>>13933722
Smart contracts are immutable you know. You can't change the bytecode. It is the law.

>> No.13933873

>>13933741
And?

Chainlink's initial release is limited in scope, but not in security or basic functionality.

>> No.13933902

>>13933873
Fren, even linkpool confirmed rn they don't have a working product yet, they expect to release it on "next months"

This is fucking critical, they are giving excuses, roadmaps and promises like your average chink slav cryptoscammer. Why did it go like this ffs

>> No.13933946

>>13933902
You do realize this is the initial release right?
Bitcoin and ETH had initial releases that were gimped and even severely compromised.

You're not fudding very effectively by being so obviously retarded.

>> No.13933964
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13933964

>>13932460
Rory is a lying cuck, I knew it then and I know it now, do you expect a literal cuck to not lie when shilling the project? he owns millions of links he probably lied then to dump yesterday. look at the chart, link is going down to 0.42$ in less than a month.
I held since september 2017 and sold yesterday, I'll be buying back in a few weeks, the project still has potential, but a lot less than before

>> No.13933992

>>13933964
if I can x3 on harmony
then buy link at 50 cents
then I'll have 500k+ linkies
and that's the new make it amount now that the 1000$ delusion has been broken

>> No.13933999

>>13933964
saying it has less potential than before is the most nonsensical thing i've read all morning. they've literally outlined a way to side step eth's scaling/bottlenecking problem with threshold signatures. it's only a matter of time until traditional market feeds are on their network ready to deal with smart contracts.

>> No.13934011

>>13933946
If those were the expectatives of the big players, then their commitment to the project was low af desu.

Bitcoin fulfilled it's purpose, to handle transactions, so ethereum did, but chainlink network is charging a business 5 dollars for hitting f5 on coinmarketcap, and the worst part is that the tokeconomics of this shitprocess doesn't make the token more scarce nor more valuable

>> No.13934031

>>13933873
You realize that their current mainnet is totally unprofitable for node operators.

You really do not see a problem in that? Really?

>> No.13934046

>>13933902
Weren't you all saying no roadmap is for the best earlier? They have delivered on all of their promises. Every. Single. One.
In case you don't understand, what they're trying to achieve takes time. I doubt a brainlet like you has that kind of foresight. The t signatures post also means they should no longer be bound by Ethereum's scalability. This is still the most promising DApp on the entire scene, and now they're making strives to makeup for shortcomings where others have failed. In a few years, after we have SGX computation, and all of the other features they're working on to ACTUALLY solve the oracle problem, it will be a behemoth of a network. No tech company WON'T want to monetize their APIs with it, or use it for all sorts of transactions of assets in a trustless manner.

>> No.13934054

>>13934011
>If those were the expectatives of the big players, then their commitment to the project was low af desu.
What?

>Bitcoin fulfilled it's purpose, to handle transactions, so ethereum did
And Chainlink's initial release is doing exactly what it's supposed to. Just like Bitcoin and ETH's initial limited releases.

>hitting f5 on coinmarketcap
You have no idea what oracles are for, do you?

>> No.13934060

>>13934031
this is to prevent some fucking whales from owning the network. they're rolling it out intelligently.
>>13934011
fucking ridiculous fud. chainlink is delivering in that it allows smart contracts to call external data to trigger executions. the token economics are still in play. nodes will eventually need them as collateral once the economy is up and running.

>> No.13934065

>>13934031
>You realize that their current mainnet is totally unprofitable for node operators.
1) source?
2) you do realize this is the initial release, right?

>> No.13934091

>>13934046
>in a few years when we have....

This is exactly my fud, we are very early, things are going to take months/years to be on track for the 1000$ eoy. Things weren't as ready as we thought and a long road lies ahead, so there are still a lot of risk involved in this project which means the price should drop to price that risk in.

People who paid 1+$ per link last week were expecting a finished product, not the alpha of an mvp. Bearish short term, bullish long term.

>> No.13934097

>>13934065
1) look those gas costs, team realized it too late and now they are in deep shit
2) what is the point of releasing unusable shit? please explain

>> No.13934107

>>13934091
>we are very early, things are going to take months/years to be on track for the 1000$ eoy
Maybe.
All I know is speculation doesn't wait for actual fully finished events, but rather the promise thereof.

What's it to you though? Why are you so adamant about letting us know this?

>> No.13934139

>>13934097
what gas costs have you seen that were outrageous? i'm browsing the explorer and they all seem pretty typical. 20-30 cents.

>> No.13934185

>>13934139
>i'm browsing the explorer and they all seem pretty typical. 20-30 cents.
For one API call?

>> No.13934313

>>13933719
Shut up. Just because people are using the product, and it’s the only one that can do what these business need to do, doesn’t make it an actual product that works.

>> No.13934711

As soon as some premium data or service providers starts delivering data / services using Chainlink the sentiment will do a complete 180.

All that is needed is one high-tier partner that starts to sell services to smart contracts. This doesnt even require decentralization

>> No.13934735
File: 397 KB, 1051x1861, Screenshot_20190531-163734_1559313514568.jpg [View same] [iqdb] [saucenao] [google]
13934735

>>13934711
Whoah

>> No.13934779
File: 224 KB, 1014x1182, 20190531_164058_1559313727513.jpg [View same] [iqdb] [saucenao] [google]
13934779

>> No.13934799

>>13934735
Whats this? A list of dApps ordered after usage / popularity?

We're 1 day into mainnet and the system is going to slowly come up the next months. Also you cant compare a product that has been live for 1 day to products that have been live for months / year. As an example, AFAIK Ethereum was up for many months before it saw real usage / price increase.

>> No.13934831

>>13931976
Delusional.
Bro I don't give a fuck about oracles or whatever. I like their logo and link is gonna moon fuck you haters.
t. 200 iq

>> No.13934872

>>13934799
>whoa they promised me the moon and more, lets pump the price to 100$

They underdelivered and their current product is underperforming in term of usecases, users and hype. I'm not gonna trust them the same way after this fucking fiasco

>> No.13934922

>>13933692
Completely incorrect

>> No.13935042

>>13933279
SoonTM, keep waiting like a cuck 6 months for each of those features

>> No.13935047

>>13934872
Unfortunately, what youre saying is true.

Sergey definitely promised something that wasnt delivered, but might be the reality in weeks / months / years.

>> No.13935102

>>13935042
Well we just found out about the threshold signatures, and they've developed the concept pretty thoroughly already.
You're a faggot, is what I'm saying.

>> No.13935190

You all got cucked by Rory for calling him a cuck. Who's the cuck now bitches!

>> No.13935212

>>13935102
Not audited. Minimum a year.

>> No.13935223

>>13935212
You still got some of your fecal matter and hemorrhoid juice on that timeline.

>> No.13935233

>>13935223
Don't be sad about being dumped on, its normal when you are a emotional newfag moonboy abortion

>> No.13935243

>>13935233
thx4caring <3

>> No.13935316

>>13935042
Who cares about 6 months. The whole market is going to bleed during that time. We're not out of the bear market yet.

>> No.13936130

>>13935316
Link mainnet brought back the bear

>> No.13936207
File: 139 KB, 549x413, 54215611-CE54-43A2-8B47-259F76589982.png [View same] [iqdb] [saucenao] [google]
13936207

WE WERE PROMISED $10 LIIIIIIIIIIIIIIIIINK

>> No.13936304

>>13934060
>nodes will eventually need them as collateral once the economy is up and running.
another crypto pie in the sky idea
every shitcoin's mainnet is exactly the same
>umm yeah, currenty you don't need the tokens BUT ONE DAY!...
soon TM

>> No.13936319

>>13936304
You do need the tokens.

>> No.13936410

>>13936319
currently only to pay the node operators, meaningless amounts that only need to be held for a few minutes or seconds, it's meaningless in terms of affecting the market cap/price

>> No.13936463

>>13936410
Well this is the initial release, you realize that right?

>> No.13936505

>>13936463
so like I said, same as every other shitcoin mainnet to whom chainlink was supposed to be so superior, so much more serious, muh utility muh actual use cases, all BS, typical mainnet disappointment with no crucial features, they should've taken their time then and complete everything instead of resleasing this half-baked shit Rory was talking about (bs like always btw)

>> No.13936534

>>13936505
>same as every other shitcoin mainnet
You're calling BTC and ETH shitcoins now?

>to whom chainlink was supposed to be so superior
Let's start with "different".

>so much more serious, muh utility muh actual use cases, all BS
I see it as the third major wave of crypto.
BTC: transactions
ETH: programmable transactions
Chainlink: mainstream programmable transactions

>> No.13936566

>>13936534
btc was created with no funding, eth also didn't have a huge ico with bare skeleton after 2 years

>I see it as the third major wave of crypto.
>BTC: transactions
>ETH: programmable transactions
>Chainlink: mainstream programmable transactions
yeah it's a 2 year old meme as well

>> No.13936587

>>13936566
>btc was created with no funding
But ETH wasn't.

>eth also didn't have a huge ico
Oh yes they did.

They didn't get as much money from the ico as Chainlink, but that doesn't mean much when you know Kyber (which is just another DEX) got almost twice as much money as Chainlink from its ICO.

>> No.13936617

>>13936587
whatever you say man, they underdelivered and that's the fact, should've released a full mainnet instead of this half baked shit is all I'm saying

>> No.13936639

>>13936617
it is a full main net. now the process of populating it can begin. you've gotta be trolling if you don't see how ushering in of outside data to otherwise useless smartcontracts is the next step to adoption.

>> No.13936769

>>13936617
>they underdelivered
It was always very clear that the initial release wasn't going to be fully featured, that it wouldn't have staking or reputation for instance.
So you must simply be an idiot.

>> No.13937735

You sure are scared, listen your guts

>> No.13937882

>>13932007
get out now, buy back in a couple weeks. People are getting demoralized. It could get pretty nasty for link short term.

>> No.13937901
File: 59 KB, 759x620, 20190531_202227.jpg [View same] [iqdb] [saucenao] [google]
13937901

>>13937882

>> No.13938218

High IQ here

>> No.13938351

>>13937901
>don't be an emotional moonboy, just make a thread and post 22 times accusing other people of being emotional moonboys
kek

>> No.13938437

>>13932417
Cope

>> No.13938479

>>13932417
LINK FUD posting is shilled by pro linkies wanting to shake out weak hands to accumlate more once the price dumps

>> No.13938496

nobody actually read the blogpost did they

>> No.13938542

The token is the underlying infrastructure. The blog post is not directed to investors. They have a plan with the 650m tokens and that does not concern users of smart contract and oracles. The price has no effect on how the network operates. The chainlink team has never run on hype. The token price is solely related to the growth of smartcontracts used on the network. More feature sets will be released in a timely manner, Main net released on a ground floor level and the only way is up from here. It was not built on a bunch of hype besides what biz shills have created. I'm sure there is a timeline for SGX, T. signatures and more which will lead to a gradual rise in market. Thos with patience win with investing in new technology. We are blessed to have more accumulation time. We know without a doubt the potential of this project it is almost played out by now.

>> No.13938585

you can't buy drugs with chainlink so what's the point

>> No.13938687

>>13932641
Wrong.
The actual number is 256M, which includes mostly marketing.
The witcher 3 cost $32M to make, sans marketing.
https://n4g.com/news/1739556/the-witcher-3-cost-32m-to-make-35m-spent-on-marketing

>> No.13938745

>>13934872
Everything dumps post mainnet. Smart contracts aren't even mainstream yet. I'm surprised people actually expected a huge announcement with major partnerships from them. This project has always been a really long hold.

>> No.13938755

>>13932641
Dumb logic comparing apples and oranges,
Lets try this then: the original minecraft development budget was tiny (one developer just living of his savins account) and it earned him billions in the end

>> No.13938784

>>13931976
>only high iq posters allowed
>they didn’t delivered
/thread

>> No.13938987

There’s nothing to refute. It’s a long term hold, thinking short term will fuck you over. Fourth industrial revolution. I AM NEVER SELLING MY LINKIES


NEVER EVER EVER

Besides, I bought them at 25 cents