/biz/ - Business & Finance

[Anonymous No.20238119]

Realistically, how is LINK currently sitting at a six billion valuation? Is anyone using the software for business yet?

[Anonymous No.20238134]

>>20238119
Why do you still shit on the street, Pajeet?

[Anonymous No.20238161]

>>20238134
I'm not fudding your coin faggot. All crypto is starting to feel like bubble territory again

[Anonymous No.20238348]

>>20238119
It's sort of common sense, but people take this for granted; all the investing in link is from average households, we are certainly a large demographic (males between 20-40). At the end of the day everyone here is just buying and selling from themselves. The financial paradigms are not going to buy your bag, though this has always been the dream. Which is ironic.

There are no institutions that invest in link, and for this to happen would be nonsensical as it would tie investment money into the fantastically volatile land of crypto.

People invest in link (and any other coin for that matter) for the dream of the future. Just as people dream XRP will be the new world currency, link holders think that it's going to change the world of business. Not sure where you're getting the 6B figure, I see 2B by market cap.

In any case 6B is not much in the grand scheme of things. Stock market has trillions and trillions. You'd figure there are enough people invested to make up at least that much. Never invested in Link, big dreams require big evidence, and it's more of the same bullshit partnerships/roadmaps that have never achieved anything for crypto.

[Anonymous No.20238357]

>>20238119

none of it is used for anything from bitcoin on down the line it's all speculation

[Anonymous No.20238375]

>>20238348
very nice anon, haven't been able to communicate it quite this well

[Anonymous No.20238385]

>>20238357
>>20238348
>>20238161
Btw where the fuck is my chicken masala I ordered 30 minutes ago you useless shitskins?

[Anonymous No.20238386]

you are not smart enough to figure out chainlink's potential.

Chainlink, as an oracle, can link every single application to smart contracts; and it's the only one which can do this for now.

More and more people figure it out. That's why its price increased.

[Anonymous No.20238391]

>>20238348
>Not sure where you're getting the 6B figure, I see 2B by market cap.
Typical midwit

[Anonymous No.20238401]

>>20238134
>Why do you still shit on the street, Pajeet?

[Anonymous No.20238411]

>>20238385
>Btw where the fuck is my chicken masala I ordered 30 minutes ago you useless shitskins?

[Anonymous No.20238412]

>>20238119
$2.9B based on circulating supply
Don’t fuck with a 216 IQ

[Anonymous No.20238426]

>>20238411
>>20238401
Is this your first day at Calcutta Fudding squad?

[Anonymous No.20238457]

>>20238348
>There are no institutions that invest in link
Why? This is one thing I don't understand about crypto in general. If the tech is so amazing why have none of the big players invested in what you'd think would be promising startups? Apple and Google can't afford it? It's been years and years and we're all waiting for this bug moment with crypto yet it's just speculation while big tech sits on the sidelines just dipping their toes now and again. This whole thing feels like a farce

[Anonymous No.20238481]

"KIKE NIGGER JEWS AGAIN!" Sergey roared stomping into his office decorated to look suspiciously like the Cayman Islands.
"What's the problem this time?" inquired Adelyn looking up from her wet dictionary with a jaded glance.
Rory and Thomas stood over in the corner by the coffee machine. Rory shrugged his shoulders, Thomas rolled his eyes and mouthed "not again" to Rory. Rory, not wanting to get involved in yet another morning 'incident', thought of his wife's son and all they had built together.
"Well..." Sergey began before staring into space for a solid 42 seconds. The others had grown accustomed to this inevitable delay and waited patiently.
"The media, in all their wisdom, cannot see the value of smart contracts; but flippantly share BLM bullcrap". “It’s like a torrent of shit published minute by minute hour by hour!” Rory and Thomas kept their poker faces while Adelyn blew a big bubble of blue HubbaBubba, seemingly immune to the rhetoric, possibly because she was an Asian woman on loan from the Chinese state department.
"And, what's worst," Sergey continued jumping up and down, his fat violently oozing, his chubby arms flailing wide around, "that Microsoft dude is coming today and I'm just not in the mood to talk about "how much I care about BLM"” Sergey fingered the air overemphasizing the quotes and the problem.
"Aww just focus on your oracles sweetie" said Adelyn cooing, "that's what he's come for. Try and stay focused!"
"yeah focused and 1keoy" thought Sergey. Out loud he said with a wink "You're right my little spelling bee, everyone come over here for a group huddle"
Rory and Thomas looked over at each other and sighed in unison and Adelyn complied with a ‘white people walking past you grimace’ expression on her face.
Each put their hands into the center, "One Two Three, We Just Win" they shouted together smiling the Smart Contract mandated smile.

[Anonymous No.20238510]

>>20238119

... Markets are irrational but remember that the cost of accessing the $LINK ecosystem is low for businesses. It doesn't take much to take advantage of oracles. There's just a ton of tokens to do it. $50-100 for a business is nothing. Literal fart in the wind.

Will the price go down in the future? Probably. Below $3? Maybe.

If development continues then utility will increase. Cost is a function of supply and the /biz/nessmen that bought the LINK ICO understand that enough to know that dumping out cucks the entire market.

We are all here for retirement bro. Let's revisit this convo in 10 years.

[Anonymous No.20238526]

>>20238119
yes.

[Anonymous No.20238574]

>>20238348
>>20238412
No quant would ever value something by circulation - that's retarded. Chainlink is sitting at a 6 billion valuation.

[Anonymous No.20238583]

Quality thread

[Anonymous No.20238619]

>>20238457
Most companies are extremely risk adverse and don’t want to waste money on unprofitable ventures. I guarantee once crypto proves itself beyond a shadow of a doubt those big players will swarm in.

[Anonymous No.20238661]

>>20238457
Bitcoin was originally designed to be a currency. Without getting into the technical aspects or the hypothetical decentralization blockchain is incredibly cool tech. Cool tech always wins in the end. The investments exploded.

But interestingly it was never used as a cryptocurrency. Instead it became a store of wealth, or more accurately a speculative investment. Because there is a lot of distrust for the banks and the financial system it will always hold a place as this alternate store of wealth, just like gold.

We're now at the point where, because Bitcoin has no owner or master, there is very little future work being done on it, and it's all community driven. It's basically a finished project. ETH set out to be the coin that is continuously driven by technological upgrades (i.e. ETH2.0)

Now we stand with a large number of altcoins (all hugely speculative investments) that all prey on the idea of being the coin of the future. Ironically however, people don't seem to understand that all the investment money is again, household investments. Large corporations/banks can design their own coins bespoke, so tying their corporate money (especially a publicly traded company) into a highly volatile crypto is simply not prudent. And ultimately, they have no reason to buy the coins anyways.

I think in the future people will become more jaded to these utility coins and invest in coins that are simply designed to be investments, which is what they've always been without exception. All that being said I don't necessarily hate the idea of investing in link because you could consider it investing based on the hype and dreams of others.

[Anonymous No.20238722]

>>20238661
Well your later point raises a second concern of mine, wouldn't big tech just design their own coins? Why even bother with highly volatile tokens random neets could buy that dump 20% in one day? It seems utterly delusional what we're hoping on happening here the more you think about it. Look at the top 50 coins, I don't even recognize half of them. What are they doing? Have they achieved even half of their goals? What will happen when their funding runs out? Is anyone using them or ever will?

[Anonymous No.20238851]

>>20238722
>>20238661

This is why you read white papers, specifically for link.
And also you both need to learn what decentralization truly entails
If anything, Link is designed as an investment. Sergey comes from a VC background

[Anonymous No.20238876]

The conference yesterday revealed to the world the fat Russian that runs this scam. Price has already tanked 10%. Once it breaks through the $5 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots through the $2.5 mark, unabated FEAR will ripe through all LINKies. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing binance. The $0.50 mark will be met, the largest panic in history will ensue. The final stinky Nodes will begin to go offline, and wagecuckers with their engineering salaries loaded up in LINK will be left with it stuck in their wallet, unable to move it to binance to salvage some self respect. The price WILL tank at this point to sub $0.5, and most probably sub ICO levels. From that day forward the stinky Linkie wagecucking engineering nerds who bought this coin thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of pajeets arriving to undercut their wages. Stinky Linkies will hold bags FOREVER, with no job, no money, and no crypto. I warned you LINKies. There’s still time to get out. Sell NOW. Don’t be stinky, don’t be a LINKie

[Anonymous No.20238892]

>>20238722
All great questions and the questions that are never asked here because this board is the place to fantasize and circle jerk. Human nature.

>volatile tokens random neets could buy that dump 20% in one day?
Exactly, even if no dumps occur, the potential risk makes it absurd.

Let's say Google wanted to work with Link (I'm bashing Link I know) in some sort of meaningful way. They wouldn't buy Link coins themselves and tie their investment to a cryptocurrency. Huge corporations want more control, not less. They would simply invest with the founders themselves.

[Anonymous No.20238897]

>>20238661
archetypal midwit

[Anonymous No.20238905]

>His palms are sweaty
>Hands weak
>Bags are heavy
>It hit 6$ already
>Sergays spaghetti
>He’s nervos
>But on the surface
>his plaid shirt is ready
>To fomo back in
>But he keeps on forghetti
>The swing link crowd so loud
>He opens his bid
>But the buys won’t come now
>He’s chokin wow
>The clocks run out, times up, over, blaow
>Snap bags at 6.50 and oh
>we below 6 again and oh
>there goes anon he choked
> He's so mad, but he won't give up that easy
>No
>He won't have it, he knows his whole back's to these ropes
>It don't matter, he copes, he knows that, but he's broke
> he's so stagnant, he knows
>When he gets back from his wage cage
>that's when it's
>Back to the chan again yo,
>this whole tragedy
>Better go capture this moment and hope it don't pass him, and-
>lose your links in the moment, you own it
>you better never let em go

[Anonymous No.20238920]

>>20238119
Market cap doesn't matter when the asset is mostly hoarded instead of traded. Just look at gold. 7 trillion dollars for a metal that doesn't produce anything and is never permanently consumed. But people hoard it so the supply available to buy is always low which keeps up the price.

[Anonymous No.20239193]

>>20238892
You figured it out bro. Link is a scam. Wow!

[Anonymous No.20239219]

>>20238892
You seem pretty new. Just lurk a bit, read the archives, maybe try using a little common sense now and then. Then it will be obvious.

[Anonymous No.20239275]

>>20238481
saved
>>20238661
>>20238722
just go all in link, retards

[Anonymous No.20239351]

>>20238661
You are spot on about bitcoin, and no other coin will touch it as a SoV.
Most other shitcoins invent "use cases" like dotcom boomers invented online shops. But I think chainlink is different (sure, there are a few competitors in the same space). Chainlink builds from the idea that some systems actually need a token that maps to money to work. Defi oracles is (probably) such a system. There is an actual use case for a token there, rather than most shitcoins that when all is said and done is mostly a coin that hopes to have value for no apparent reason and then leverage that value by baking in the latest fad financial vehicle into the source. Here the value is that people put in money for the tokens just so that they will be able to use the tokens as representatives for money so that, in turn, they will be able to use the tokens to put a financial stake as collateral when providing critical data to smart contracts.
I think betting on the big financial institutions being able to pull something like that off is like betting on AOL over the ground-up Internet.

[Anonymous No.20239485]

>>20239351
You might be right. But I'm not well versed enough in software to say that tying transactions to blockchain will actually be beneficial enough to warrant it taking the place of non-blockchain smart contracts (or code), I don't see enough of a problem in this space. I think that network transactions are secure enough without needing to use a system of crypto hedging as a middleman. Especially if it's a volatile cryptocurrency.

[Anonymous No.20239601]

>>20239485
Disclaimer: I'm not some guru, I could be wrong on things.
But to the best of my understanding, link is not about the infrastructure to guarantee the quality of transactions, it's about ensuring the quality of the input parameters to the transactions. A subtle distinction, but here's what I mean:
Let's say you have a contract for a leveraged long that looks at some price ticker, if it goes too low you are liquidated and the money goes to your lender. Ensuring the quality of the transaction means ensuring that the money is not pulled from your account without also going into the lenders account, which is essentially a solved problem since bitcoin. Ensuring the quality of the input means making sure that the contract is getting accurate price information from the ticker, so you don't get incorrectly liquidated. That's a much harder problem, and is where chainlink comes in.

[Anonymous No.20239713]

>>20239601
>That's a much harder problem
Do you have examples of where this has shortcomings currently?

[Anonymous No.20239732]

>>20238119
>Realistically, how is LINK currently sitting at a six billion valuation? Is anyone using the software for business yet?

[Anonymous No.20240373]

>>20239713
Again I'm not a guru, but my speculation is that until this is solved it's a shortcoming that's holding back defi as a whole.

[Anonymous No.20240717]

>>20238457
At some point in history, all ventures are valued low. That's where we are with CL. That's why we're all here, discussing it. Are you seriously expecting it to go from nothing to suddenly thousands of dollars per token in the blink of an eye? This has never before happened. Why should it start now? It's called a timeline, you ignorant dolt. Go back to bed. ANd please, don't ever buy Chainlink. It doesn't need people like you.

[Anonymous No.20241141]

>>20238510
best post

[Anonymous No.20241316]

>>20239713
do u understand what defi even is? the whole point is that you need to use a 3rd party at the moment who could be completely biased/manipulated. the decentralised part of it means that you have a trustless relationship with the other party, so you won't even have a chance of incorrect liquidation

[Anonymous No.20241332]

>>20238119
Having companies use your product doesn't mean shit, it's all about the hype.
Look at LTO-Network, in to 20 for most used coins, 50K daily transactions, 50+Partners amongst whom the Dutch government.
Yet this shit coin is currently 0.058 euro.
Usage numbers don't mean shit if you don't have autistic faggots use meme magic to support your coin

[Anonymous No.20241363]

>>20240717
you're right to tell people to wait
but wrong that it hasn't happened before...2017 is why they expect instant "moon"

[Anonymous No.20241536]

>>20238892
this isn't bait?

[Anonymous No.20241538]

>>20241363
That's odd. I seem to recall buying my first Bitcoin in 2014, 3 years before 2017. And I was by no means the first to buy one. Perhaps I'm getting mixed up with something else.

[Anonymous No.20241579]

>>20238119
I love that people think marketcap means fuck all in 2020 for something like Netflix which is currently priced at something close to 120x earnings, but for internet shitcoin valuations totally make sense and matter.

[Anonymous No.20241618]

>>20238661
This is poorly reasoned. LINK once mature will save business lots of money. Full stop and simple as.

[Anonymous No.20241799]

>>20238661
Christ you people are idiots. Gold did not began getting hoarded because of a distrust towards banks, so there is absolutely 0 connection between the 2. The store of wealth argument is for fucking mouth breathers, wanna know some other 'stores of value'? Child porn. Heroin. Collectible soda cans from the 70's. Literally anything that you can buy now and hope to sell later for a higher price, but yeah it's real special there and definitely digital gold even though it has absolutely 0 in common with gold in any way shape or form.

[Anonymous No.20242820]

>>20238426
Ranjesh or something other non white probably an Asian got pissed and made those post and dipped. Many such cases of impotent non white nerds lashing out here after coming over from reddit.

[Anonymous No.20243347]

>>20238119
>he doesn't know

[Anonymous No.20243939]

>>20238920
Market cap doesn’t matter at all, in any meaningful way whatsoever actually

[Anonymous No.20243962]

>>20239485
Smart contracts execute automatically and irreversibly, so you want the data inputs to be trustless. When the technology is widely available, I don't see why it won't be adapted. If you have a choice between insurance that is trustless vs insurance that depends on people, you'd choose the trustless option. This will push for adoption of these technologies, even if companies are reluctant to overhaul their systems.

[Anonymous No.20244040]

>>20241799
Gold is a hedge against fiat. Bitcoin is a hedge against fiat. What is your problem?

[Anonymous No.20244176]

>>20239485
>Especially if it's a volatile cryptocurrency.
This problem is pretty much eliminated with stable coins and other DeFi tools. It's now possible to pretty much negate the volatility of a crypto currency.

[Anonymous No.20244868]

look

the whitepaper says link should be no more than the price of a coffee

the whitepaper

w h i t e p a p e r

[Anonymous No.20244939]

It works like a MLM
Make hundreds of partnerships so they buy tokens
Sign up a bunch of nodes so they buy tokens
What you're left with is a chokehold on token supply for exchanges

[Anonymous No.20244986]

>>20243962
I just want the insurance to pay out when I need it. Whether that’s automatic or human, I don’t care. I could see it going both ways. Companies might put pressure for humans to deny payments. Smart contracts might have inadequate data to pay out that a human might pick up.

[Anonymous No.20245160]

God damn guys, all this new fud is making me so hard. Keep going....

Something big is right around the corner.

[Anonymous No.20245638]

>>20239713
It's a long standing technical problem with blockchains. The problem was that there was no way to integrate external information in to the blockchain in a trustworthy manner, chainlink seems to be at the forefront of solving this problem. It's called the oracle problem if you're interested