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/biz/ - Business & Finance

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22496863 No.22496863 [Reply] [Original]

https://www.coingecko.com/en/coins/yieldfarming-insure

or this one

https://www.coingecko.com/en/coins/phala-network

>> No.22496892

Yes sirs is a very good coin do the needful and buy

>> No.22496893

>>22496863
too late to get into the yield farming bubble. it's popped. just buy LINK

>> No.22496946

>>22496863
The dev owns AT LEAST 70%, and probably more like 85%. Doesn't mean it is a scam, but it does mean he could dump it to nothing if he felt so inclined. Look at the holders when looking for scams, if there is a wallet with a huge amount of tokens without the little contract symbol next to the address, then be wary

>> No.22497009

If it gets shilled with a link to something where you can throw your money right in, its a scam

>> No.22497014

>>22496946
Referring to the second one

>> No.22497038

>>22496946
thx anon, just clicked on recently added and sorted by volume
what about the first one?

>> No.22497057

>>22496892
very good gains sir already mooning 20x good team

>> No.22497080

>>22496863
>>22497038
First one looks good except that there is a "Minters" function in the contract. I don't know how to tell if it could be used to mint a ton of new tokens. It might be set to false or something.
Maybe someone who understands Solidity better than me could chime in

>> No.22497521

>>22497080
you look smart and kind, can we be friends?

>> No.22497565
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22497565

>>22497521
Sure, I like friends. I don't want anyone to lose money. Looking at the contract again, I am really suspicious. I don't see anything that indicates the mint function can't be used

>> No.22497991

>>22497565
noice, add me on discord sir
gabscastro7

>> No.22498342

>>22497991
It says I need the number behind your name, too

>> No.22498751

>>22498342
sorry, try again gabscastro7#7376

>> No.22498840

>>22498751
you need to leave /biz/ fucker

>> No.22498884

>>22498840
What's the problem? Not like he posted his facebook

>> No.22498920
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22498920

>>22496893

Reasons why Link will fail

1. Zero customers, zero need. No one is going to pay for information to be inserted into a smart contract. That's what an oracle is supposed to do. The problem is a x100 calls costs a x100 times whatever Link charges. If you have to make thousands of calls, that's hundreds of dollars in Link tokens. If I were a dev, it would be much simpler to just make my own call to whatever data I needed.

2. Zero development, all marketing. Link has hired shills, link started on biz and Sergey himself got the inspiration to post, network with and contact people on biz. That's why begging is not allowed on biz, because after link a lot of other tokens tried to copy them. There's a lot of disingenuous shills saying that Link was only made for business cases and biz was never supposed to discover it. Quite the opposite, it was made first as a marketing token.

3. Deceitful. The Link team lies continuously; they'll attend a conference (SIBOS) and say they're partnered with Swift which is a banking protocol that handles these bank conferences, implying that they're going to handle data for big banks. They contacted the Google dev to make an offical blogpost and thus said that they're "partnered" when in fact, it's just a mention. They stretch the truth.

4. Zero transparency. Link raised 32 million in it's ICO. Since then, we have no accounting of their funds. They market dumped twenty to thirty million worth of chainlink (we still don't know the full amount) and never said a word about it. They're still dumping here and there, even larger amounts and believe they are free to do so at any time.

5. Cult-like behavior. 90% of the memes made by Chainlink pose Sergey as this kind of messiah. They encourage zero compromise grounds that anyone should sell their token. They encourage people to buy their tokens despite; mortgages, spousal issues and even when their "investors" are homeless they'll encourage people to buy more.

>> No.22498977

I’ve seen tokens that say it’s has several thousand holders and still dump in an hour so there must be some way of manipulating the number of holders

>> No.22499047

>>22498977
There is. The dev can send tokens to a bunch of wallets, which allows him to retain a massive percentage of the supply while not scaring off potential investors. I usually glance through a few wallets in the top holders and see when/if they bought or were sent the tokens from the dev wallet. Also make sure the contract is verified. If it isn't, then the contract could be anything the scammer wants and you can't see it at all

>> No.22499416

>>22499047
good stuff I don’t want to see anyone lose funds and want to learn more myself. I know there has to be quite a few falling for these rugs sometimes u hold off and it turns into being something that 100 times

>> No.22499560

>>22498920
th-this is some impressive fudding skills anon

>> No.22499711

>>22498920
Is this the Something-something-capital fud?