/biz/ - Business & Finance

[Anonymous No.16065153]

I've finally cooled down a bit. Still, you've got to admit companies with unfinished websites, scam Russian teams, other crypto shit with no tangible product etc. is a giant disappointment.

I didn't think Chainlink was this far behind, I mean I knew the chance of any big company showing up on this list was remote, but I was expecting an array of legit start-ups, headed by professionals with at least a remotely interesting CV, a product roadmap for the future and a presentable website/PR. For fuck's sake I had a 2 person business that looked more legit than any entry on this list and it was something I was doing in my spare time.

[Anonymous No.16065214]

>>16065153
You're right but I still won't sell $0 or steaking, I don't give a fuck and I'm all in.

[Anonymous No.16065222]

>>16065214
Absolutely based and redpilled

[Anonymous No.16065229]

>>16065222
I know it bitch, checked

[Anonymous No.16065231]

>>16065153
You got it backwards. Chainlink is not this far behind, but this far ahead

[Anonymous No.16065265]

>>16065153
>I had a 2 person business that looked more legit than any entry on this list
You had a 2 person business at Sibos? Are you sergey?

[Anonymous No.16065355]

>>16065153
Chainlink is still a great value proposition with massive potential but it definitely illustrates how large the gap is between legit businesses and blockchain still. Anyone with a scintilla of professional clout would rather be seen dead than be seen associating with anything blockchain. Doesn't mean Chainlink doesn't have shit to offer them but it does mean it'll be a much more uphill fight than we had hoped it might be, and dredging up 'startups' of this quality to carry the banner forward is not doing us amy favors in terms of legitimizing the blockchain/smart contract space.

I really hope staking debuts soon and NEETs can go to work monetizing their own data and lowering the overhead for trust all on their own. That's what these 'startups' were supposed to be doing but clearly they are not going to be doing shit for bridging that divide.

I am expecting a slow slide back to mid-$1 after this unless we get a new Google-tier surprise. 20 shit startups all at once just crowds out any other positive speculation that there could have been in the room, for a good long while.

[Anonymous No.16065417]

>>16065355

The ‘google-sized surprise’ will just be when the first usable derivatives contracts go online using Chainlink. That’s always been the only thing that matters.

[Anonymous No.16065425]

Well it certainly looks like we are still very early but one the bright side we are past the stealth phase finally we have derivatives being set up by a bunch of who’s and binance . Also being this early means those faggot nulinkers will make it with 1k if they hold two more years. But Oracle is now shilling chainlink and we are seeing the beginning of adoption most of us who have been here since the pop will be able to retire next year

[Anonymous No.16065461]

Nobody uses chainlink. We got fooled.

[Anonymous No.16065470]

>>16065355
>150+ year old legacy central banking financial system backed by trillion dollars military industry complex
> ''Decentralized Finance'' lead by Russian philosophy major build on another russian school project protocol
Who will win

[Anonymous No.16065497]

>>16065470
the legacy central banking system that will incorporate smart contracts

[Anonymous No.16065538]

>>16065497
yeah worked great out so far

[Anonymous No.16065566]

>Giant corporate conglomerates dint sign up fro the Oracle for startups program

[Anonymous No.16065576]

>>16065231
this guy gets it

[Anonymous No.16065602]

>>16065355
>Anyone with a scintilla of professional clout would rather be seen dead than be seen associating with anything blockchain
Do Gartner have "a scintilla of preofessional clout"?

[Anonymous No.16065603]

>>16065153
This isn’t a sign that they’re “behind”. They aren’t at all responsible for the start ups Oracle chose.

[Anonymous No.16065633]

>>16065153

You’re massively overestimating how mature the crypto space is. Plenty of individual companies have mcaps higher than all of crypto combined, and most of that is BTC. The real uses of smart contracts are still in their infancy. I know most of those projects are shit, but some like Quant aren’t, and if any of them succeed it will generate traffic to bootstrap the network. We are really early; that’s a good thing overall, but it means we need to be patient.

Also, there was barely any dump from the news, which is a pretty good sign imo

[Anonymous No.16065642]

>>16065153
>array of legit start-ups
They have already made clear their intentions to use link. What we got today were mostly cashgrabs I guess. Says more about Oracle than it does about Link if you ask me.

[Anonymous No.16065645]

>>16065566
I'd honestly settle for someone who has his webpage finished, a team not consisting exclusively of Russians/Indians/Nigerians, a roadmap for what he is trying to actually accomplish and a business plan for how to get there. Anything of this desu.

[Anonymous No.16065668]

>>16065355
>Chainlink is still a great value proposition

>1 billion dollars for a start-up with no product and no customers

[Anonymous No.16065674]

>>16065355
>Anyone with a scintilla of professional clout would rather be seen dead than be seen associating with anything blockchain

Blockchain is actually on BMW's homepage. So that's clearly not the problem. I think the way the wind is blowing, institutions know the blockchain technology isn't totally worthless but if they're going to use it, they will probably find some kind of in-house approved solution. Why would a billion or trillion dollar institution use Chainlink, a company headed by a philosophy major. Does that sound realistic to anyone?

[Anonymous No.16065725]

>>16065633

>Plenty of individual companies have mcaps higher than all of crypto combined

This is good. If anything I feel crypto marketcap is oversized relative to what it delivers which is nothing except illegal money. Perhaps BTC will emerge as digital gold. But alts combined shouldn't really be worth anywhere near what they are given what they deliver. The fact that Chainlink is already a 1 billion mcap company with how little they have in the tangible sense is bearish not bullish.

[Anonymous No.16066535]

>>16065425
I see people mention 1k LINK, you're talking about 1k actual tokens right?

[Anonymous No.16066642]

>>16065603

This. People don’t understand Chainlink is purely focusing on building the software and the network, it’s not up to them who uses it. However, Sergey IS meeting with high level executives (remember when he presented at that insurance conference with the Allianz CEO present?) so take that as a good sign. Sergey is not connected or met with the startup program at all.

[Anonymous No.16066662]

>>16065645
This. The absolute shoddiness of it combined with the delay, taking it off the stage and then releasing less than half also makes it clear it was just oracle taking first come first serve. They obviously would have given better if they could.

So the depressing takeaway is that there just wasn't interest.

[Anonymous No.16066788]

>>16065153
These are startups that reached out to oracle to be in there program. Startups that do that need help out the gate. Your expectations were too high but wait for sf blockchain week.

[Anonymous No.16066868]

>>16065153
>For fuck's sake I had a 2 person business that looked more legit
https://www.linkpool.io/

[Anonymous No.16067069]

>>16065538
>The sun didn't rise yet tomorrow therefore it will never happen.
Why the fuck do you retards even post? Nobody here is as dumb as you are

[Anonymous No.16067076]

People don't understand that this initiative is entirely for the benefit of Oracle.

They are using Chainlink as a honeypot for startups in order to strengthen their cloud offerings against Google and Amazon. This is insanely bullish. If the start-ups are poor quality, thats a reflection on Oracle, not Chainlink. You don't blame the internet for a badly designed site.

Stronger use cases and start ups may already be privately funded or utilising a different cloud solution.

[Anonymous No.16067342]

>>16065355
Please go back to ®eddit with this bullshit