/biz/ - Business & Finance

[Anonymous No.17393138]

How do you respond?

[Anonymous No.17393147]

>>17393138
Mining is only needed for a decentralized token. Utility tokens such as Chainlink are centralized tokens used on a decentralized network.

[Anonymous No.17393148]

>>17393138

i already know and i don't hold this scam coin because of that?

[Anonymous No.17393156]

>>17393138

[Anonymous No.17393164]

RED ALERT RED ALERT

CHAINLINK DAMAGE CONTROL TEAM INCOMING

RED ALERT RED ALERT

[Anonymous No.17393168]

>>17393147

are you from 2017? kek

[Anonymous No.17393170]

>>17393138
>17393138
INDEED

[Anonymous No.17393173]

>>17393168
No why

[Anonymous No.17393185]

>>17393173

>the chainlink token is centralized but the network it's on is decentralized

[Anonymous No.17393187]

>>17393173
Because token not needed, newfag.

[Anonymous No.17393193]

>>17393173
2019, then? jesus fuck, chainstinkers are fucking retarded

[Anonymous No.17393228]

>>17393187
How will oracle operators offer collateral to contracts with $LINK if they don't own any link? Weird concept.

>>17393185
I guess I should've been more specific knowing the IQ of this board. The nature of the token being centralized v decentralized.

Bitcoin was a neat proof of concept for the Gen population though, for it to have gained popularity bitcoin tokens needed to be generated(mined) in a decentralized manner, or else it would be an obvious scam, as it's whole point is a currency. Utility tokens are made by companies that develop decentralized networks in which their token is necessary is use.

[Anonymous No.17393233]

>>17393228

[Anonymous No.17393277]

>>17393138

bump for newfriend visibility, we don't need them falling for the chainlink scam

[Anonymous No.17393299]

>>17393233
Based. Midwits are the backbone of any healthy economy.

[Anonymous No.17393300]

>>17393228
>How will oracle operators offer collateral to contracts with $LINK if they don't own any link? Weird concept.

Literally paying a data provider with extra steps. Shit is full retard, which is why it isn't surprising that despite the concept being asinine idiots buy a token that took 20 mins to create.

If you want data on chain for a smart contract just pay the fucking provider for the data with BSV. If they want repeat business they won't fuck you. If you're worried they will fuck you pay multiple different providers to provide you the same data. Resiliency is baked into Bitcoin.

[Anonymous No.17393305]

Scam shit coins pump the hardest. I hodl scam premined shit coin.

[Anonymous No.17393314]

>>17393300
>with BSV

[Anonymous No.17393317]

>>17393299

here, i will help you out newfriend..

if a company is creating a "centralized token" how is the network it sits on "decentralized"?

newfags like you love losing all their money on pump and dump scam coins i guess

[Anonymous No.17393318]

>>17393300
Cool. Oops somebody just hacked that centralized data fees for a half of a second, there goes 20 billion in wrongly executed contracts.

[Anonymous No.17393324]

>>17393300
>>17393314

scammers scamming other scammers

[Anonymous No.17393330]

>>17393317
You don't understand the crypto ecosystem, companies selln the token to generate funding, this is done in a number of ways, used to be mainly ICOs, just like bringing a business public. It has to be centralized because they need to be the ones profiting immediately so they can develop the business. It's not complicated but I suppose it's nuanced enough to confuse midwits.

[Anonymous No.17393331]

>>17393138
At least I'm not a nigger

[Anonymous No.17393334]

>>17393318
>decentralized data

You're a moron. All data has a source. Linktards really are this dumb.

[Anonymous No.17393336]

>scammers scamming other scammers

[Anonymous No.17393337]

>>17393318
>Oops somebody just hacked/nuked all of the BitCoin miners in the world aha whoops there goes your low fees lolol shitcoin sv after all eh i was right
kys schoolshooter

[Anonymous No.17393358]

>>17393330

no. you're fucking retarded.

[Anonymous No.17393359]

>>17393334
Exactly.. and wallah you just discovered what Chainlink does. It guarantees smart contracts data integrity, (the Oracles do) by orscle operators, in whichever manner they please , whether it be averaging data from multiple sources of whatever, to the smart contract that is using their oracle. The oracle operators is incentivized by a cut of the contract, but is risking his collateral if his oracle provided faulty data.

[Anonymous No.17393375]

>>17393337
What? And it was a typo obviously, *feed

[Anonymous No.17393376]

>>17393359
Read >>17393300 again. Link solves nothing and you're a moron.

[Anonymous No.17393380]

>>17393359

kill yourself scam coiner faggot

[Anonymous No.17393384]

>>17393359
Premined shit token that isn't needed.

[Anonymous No.17393394]

>>17393376
Data integrity is necessary for smart contracts to work sweetie. Haven't you heard about what the hacker 4chan is capable of?

[Anonymous No.17393402]

>>17393384
If $LINK was mined.. how would the Chainlink team generate revenue to develop Chainlink from the beginning? Thinking...

[Anonymous No.17393404]

>>17393359
Die in a fire you fucking scamming nigger faggot and take your centralized oracle bullshit vaporware price feeds with you.

[Anonymous No.17393411]

>kill yourself scam coiner faggot

[Anonymous No.17393417]

>>17393394

listen dumb fuck, what is the point of the link network and the token if the network is centralized and nobody is running a node? you're holding a fucking scam coin

[Anonymous No.17393423]

>>17393394
>Data integrity
>>17393300
>If they want repeat business they won't fuck you. If you're worried they will fuck you pay multiple different providers to provide you the same data. Resiliency is baked into Bitcoin.

Are you pretending to be retarded?

[Anonymous No.17393429]

>listen dumb fuck, what is the point of the link network and the token if the network is centralized and nobody is running a node? you're holding a fucking scam coin

[Anonymous No.17393430]

>>17393404
Kek I don't even own any, I probably will buy in if it dips below a dollar again though. Smart contracts mass adoption is still aways away, but it's good they're already at the beginning stages of setting up the network. The equivalent to the first cable provider laying cables in a country

[Anonymous No.17393442]

>>17393402

hmm that sounds a lot like a company with a CEO and not a decentralized network

[Anonymous No.17393444]

>>17393430
You don't even know what a smart contract is.

[Anonymous No.17393457]

>>17393336
>>17393314
>>17393411
>>17393429
Cringe.

[Anonymous No.17393459]

>>17393417
People aren't allowed to run nodes yet, you have no clue have early Chainlink is in development , the only nodes are ran by the Chainlink team as a proof of work, their price feeds being the proof (for now).

Why wouldn't people run Oracles? You decide the fees smart contracts pay to use you, it's free money if you are confident you are providing data that is accurate.

[Anonymous No.17393464]

>Cringe.

[Anonymous No.17393468]

PoW/PoS are shit
https://www.youtube.com/watch?time_continue=1&v=lP63dTY_7j0&feature=emb_logo

[Anonymous No.17393478]

>>17393459

if nobody is allowed to run a node how is that a permissionless and decentralized network? you link fags have no fucking brains it's really sad.

[Anonymous No.17393486]

>>17393138
Ethereum and ripple

[Anonymous No.17393489]

>if nobody is allowed to run a node how is that a permissionless and decentralized network? you link fags have no fucking brains it's really sad.

[Anonymous No.17393496]

>>17393442
It is a company. I'm trying not to insult your intelligence here, but come on buddy. This is nothing unique to Chainlink. What makes crypto revolutionary is the funding (selling tokens) act both as shares in the company, and utility in the future project.

[Anonymous No.17393507]

>>17393478
In development? Weak FUD.

[Anonymous No.17393517]

>>17393496

is a company a decentralized network? holy fuck you really are this dumb.

[Anonymous No.17393525]

>is a company a decentralized network? holy fuck you really are this dumb.

[Anonymous No.17393526]

>>17393507

>every alt coin has been in development for the last 5 years and one day soon we will like you run a node *wink*wink*

[Anonymous No.17393546]

>>17393517
>Is a banana a spaceship?

No you retard. But a company can create a decentralized network. That's what will happen when they allow publicly owned oracle nodes, creating a decentralized network of oracles.

[Anonymous No.17393549]

>>17393496
that's the definition of a security.

[Anonymous No.17393556]

>>17393546

how is the network decentralized if the tokens are what controls the network and the company just created said tokens?

no brains posters are everywhere tonight

[Anonymous No.17393559]

>>every alt coin has been in development for the last 5 years and one day soon we will like you run a node *wink*wink*

[Anonymous No.17393561]

>>17393526
This is the only non retarded FUD you've made so far, good job.

If your gut is telling you they'll never bring this project to completion, then don't invest, it's that simple. All startups have the possibility to fail.

[Anonymous No.17393584]

>>17393561

if you weren't retarded you would realize every alt coin was created to string along bag holders and get their BTC

[Anonymous No.17393598]

Bitcoin is a public cryptocurrency, Chainlink is an unregistered security,
see the difference?

[Anonymous No.17393607]

>>17393556
The network of oracles will be decentralized once the public can run their own oracle nodes.. I don't understand your question. $LINK is just a token that oracle operstors (no other token is allowed described by the protocol, hence what secured their funding) have to have on their Oracles as collateral, in the case that a future dispute system (maybe even Kleros who knows) determines that it did in fact provide incorrect data.

If your problem is link devs still owning majority of $LINK, you don't understand that is them owning majority share in their company, it's what makes it their company.

[Anonymous No.17393615]

>>17393607
it's an unregistered security retard.

[Anonymous No.17393622]

>>17393607

BUT NOBODY IS ALLOWED TO RUN NODES AND THEY WILL NEVER BE ALLOWED TO RUN A NODE BECAUSE ITS A SCAM YOU FUCKING MORON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Anonymous No.17393631]

>>17393622
Okay, then don't invest if sirgay is not legit enough for you.

[Anonymous No.17393654]

>BUT NOBODY IS ALLOWED TO RUN NODES AND THEY WILL NEVER BE ALLOWED TO RUN A NODE BECAUSE ITS A SCAM YOU FUCKING MORON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Anonymous No.17393664]

>>17393631

jesus christ man he's a fucking retarded shitcoin CEO and you're braindead for thinking he's some legit person to invest in

[Anonymous No.17393670]

>>17393138
PREMINED

SHITTOKEN

[Anonymous No.17393672]

>Only qualified investors, or individuals who have a net worth of at least one million dollars or an annual income in excess of $200,000, are able to buy and sell unregistered securities.
>Unregistered securities scams are often advertised as "private offerings" and take advantage of both qualified and non-qualified investors, often promising returns that are too good to be true.
>To sell or attempt to sell a financial security before it is registered is considered a felony.

[Anonymous No.17393683]

>jesus christ man he's a fucking retarded shitcoin CEO and you're braindead for thinking he's some legit person to invest in

[Anonymous No.17393684]

>>17393631
>philosophy major who gives the same speech every year

[Anonymous No.17393697]

>>17393683

;)

[Anonymous No.17393700]

>>17393672
Uh oh you scared me, i owned link early this year *gulp* give it to me straight, how long am I going away?

[Anonymous No.17393714]

>>17393631
>registered in the cayman islands
>dumps 700k shitcoins on his "investors" every time he runs out of big macs

[Anonymous No.17393737]

>>17393138
DELETE THIS AHHHHHH

[Anonymous No.17393740]

>>17393631
>one guy owns 65% of the supply and dumps it whenever his dad needs a new lambo or he wants more big macs

you people could not be """investing""" in a more obvious scam

[Anonymous No.17393761]

>>17393714
My ID probably switched, briefly went on WiFi and back on 4g.

But at least we boiled it down to the trust in the developers' ability to bring this project to life. Hope I at least informed a few of you about how the risk/incentive force will naturally drive people to operate Oracles once smart contracts are widely used, as smart contract contractors and signers will definitely pay a fee for guaranteed data integrity.

It's highly speculative and still in start up stage. Personally I think the price is too high right now as it'll stay in speculative stage for years to come imo. But do what you want.

[Anonymous No.17393764]

>>17393622
>he said nervously

[Anonymous No.17393785]

>>17393761

you're such an ultimate noob if this is what you actually think

>>17393764

>he replied as he clutched his scam coins increasingly nervously

[Anonymous No.17393810]

>>17393761
I hope for your sake you cash out and secure profit. "Not selling" is a meme that was invented to make it easier to dump on you fools.

[Anonymous No.17393821]

>>17393740
Yeah bro we need to warn people about Amazon, bezos is a majority share holder, huge scam going on.. he gets voting rights on all his shares! Why would anybody buy this??

[Anonymous No.17393839]

>>17393810
I don't own any right now, I already said. The project has solid fundementals, but it's going to be a bit before it's out of speculative stage, the technology that will drive smart contracts just isn't here yet, meaning the need for the Oracles isn't here yet. But expanding the network asap is important, and what I'll be keeping an eye out for that announcement.

[Anonymous No.17393862]

>>17393821

amazon actually does something.

chainlink threads are literally the biggest brainlet threads on the internet

[Anonymous No.17393870]

Shit thread.

[Anonymous No.17393887]

>>17393862
Nobody is arguing were not out of the speculative stage though?

[Anonymous No.17393907]

>>17393887

but what are you speculating on if the network has zero chance of ever being decentralized?

[Anonymous No.17393928]

>>17393907
Why would it be impossible for them to announce user operated oracle.nodes? Devs have incentives to work as fast as possible to make this happen in a secure manner as it would make $Link go up, making them as majority share holders richer. Unless you have inside info on Sirgay, your fud is weak bro.

[Anonymous No.17393991]

>>17393928

100% it's never going to happen. Why can't they just release the code now like satoshi did 2 months after the announcement?

ITS

A

SCAM

[Anonymous No.17394006]

>>17393164
it wasn't even premined but printed for free

[Anonymous No.17394015]

Link go up

[Anonymous No.17394337]

>>17393839
>solid fundementals
No it doesn't.

[Anonymous No.17394347]

>>17393928
Devs only have an incentive to drag things out while they dump premined shittokens.

[Anonymous No.17395472]

>>17393138
CRUZ

[Anonymous No.17395497]

>>17393761
The price is literally being suppressed as we speak, remember what happened when Binance wnt down?

[Anonymous No.17395525]

>>17395497
to what end?
if its muh accumulation, shouldn't we see big wallet balances going up

so suppress, someone still has to sell

[Anonymous No.17395691]

>>17393584
ok now that's retarded core cuck.
I still have every BTC I mined and now have the forks, so your precious BTC is not perfect or it was perfect and BSV will eventually win out.
I still invest in other DLTs and tokens with future use cases, like most believers in the technology. China have taken a hold of the majority of BTC hash and with the CCP being what it is makes BTC rather centralised.
Maxies are the real retards in this space, thinking that being first and the top of the food chain means it will always be that way.
Core cucks and BSVfags not exploring the space and it's future possibilities is like believing the T-model Ford it the greatest thing that will ever be just because it was top dog for 10 years.
You're likely a poorfag and most likely come from poorfag stock.