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

/biz/ - Business & Finance

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14838411 No.14838411 [Reply] [Original]

There are currently 8 high-level positions open at Chainlink:
https://careers.chain.link

In addition, Chainlink is also asking anyone who thinks they can support the project to apply.

Say they hire just those 8 people, at an average of something like 150k (this is fintech in SF).
That's 1.2MM just for one year just for those 8.
Plus about 25% overhead, making it 1.5MM for one year.

And I'm sure they're going to make sure they can pay them for more than one year, so let's say they create a 3 or 5-year buffer just for those 8; making it 4.5 to 7.5 million USD just for those new 8 hires.
(Even if you only count on 100k per hire, that's 3 to 5 million USD)

And then there's the team and staff already in place.
And then there's the downtown SF rent, licencing, legal, consultancy, designers, marketing, partnership fostering, events, ...
Not to mention the fucking gas, electric, water bills lmao.

A dozen or so million is absolute chump change at this level of fintech.

>> No.14838445

>>14838411
i'm tempted to buy chainlink at a low price but honestly...
what the FUCK is the point in an oracle which is scarce?

>> No.14838464

>>14838411
DO THEY PAY IN LINK TOKENS

>> No.14838472
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14838472

>>14838411

I thought you were going to "link" it to how many link were needed to get sold to cover these expenses.

>> No.14838491

>>14838411
we know this , we are just bored waiting, stop helping the nulinkers they dont deserve it

>> No.14838530

>>14838445
>which is scarce?
18 decimals

but also, there's no other way to create an incentive for a decentralized network.

>> No.14838633

>>14838411
But they aren’t in SF dumbo. They are in they scam-an islands

>> No.14838641
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14838641

your point? the team selling some linkies?

>> No.14838648

>>14838411
kys

>> No.14838681

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>> No.14838685

>>14838411
I've invested in one local startup. Too bad they don't have a token. It would make balance keeping so much more convenient!

>> No.14838728

>>14838411
>That's 1.2MM just for one year just for those 8.

True, they could withdrawl according to their costs each month or week.
OR
MILLIONS OF TOKENS AT THE PEAK OF THE EVENTS AND COINBASE LISTING WITHING 2 WEEKS THROUGH +6 DIFFERENT WALLETS

Jokes aside. Im never selling market makers

>> No.14838768

>>14838411
what happened to that 30 mill we gave..is that all he used for bigmac?

>> No.14838814

>>14838464
Rory for instance confirmed that staff is indeed getting paid in Link.
Probably not entirely, but who knows.
It doesn't matter anyway because they would be counting in Link's current fiat value.

>>14838472
"A dozen or so million is absolute chump change at this level of fintech" covers it pretty well.
And that's just for the absolute basic expenses.

>>14838633
>But they aren’t in SF dumbo.
Their main base of operations is in SF.

>>14838728
They have more than just the 8 new hires to cover.

>>14838768
Takes money to make money.
Kyber's ICO raised nearly double what Chainlink raised, and that's "just" another exchange.

>> No.14839753

>>14838411
Fuck it i applied. lol

>> No.14839806

heard of moon3d? 10x or 100x your crypto. ez money