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

/biz/ - Business & Finance

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23906707 No.23906707 [Reply] [Original]

Why isn't the price pumping if the jobs done by the nodes are pumping ? Should be demand for tokens on the market.

>> No.23906771
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23906771

>>23906707
The curious case of linkies geting dabbed on.

>> No.23906828

>>23906707
Because the money is in bitcoin

>> No.23907105

>>23906707
nodes were pre-funded by the LINK team for a large part (the active / popular ones, anyway), and the # of jobs/demand hasn't come close yet to any of those nodes needing more collateral. Eventually they will, and also any smaller nodes who want enough LINK to get big jobs will need to start accumulating, but I think we're a year out from that kind of pressure. Until then, still looking at speculative. Even if staking breaks and LP or whoever else starts allowing anybody to stake with them, that'll at first be at a cost to them and they'll be hedging that having an insane amount of LINK collateral will eventually be worth it.

Additionally, I do think the team is dumping both for hiring & runway, and that's counteracting the majority of buying pressure right now. Eventually that goes away, but there's still a lot the team can sell.

>> No.23907760

money is in bitcoin

>> No.23907909 [DELETED] 

>>23907105
What impact will t-sigs have on the scenario you outlined? Would be interesting to know what your holdings are.

>> No.23908323
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23908323

>>23907105
>Additionally, I do think the team is dumping both for hiring & runway, and that's counteracting the majority of buying pressure right now. Eventually that goes away,
The numbers have only increased.... don't see any slowing down.

>> No.23908339

What happened earlier with google and baseline protocol?

>> No.23908381

money is in bitcoin

>> No.23908495

>finally get a Google blockchain employee to do an official collaboration
>organized by the baseline protocol which has some of the biggest enterprise in the world
>have 1 hour to show something major and pump the hype
>zero advertising before hand, just Wolpert mentioning it on a boring stream the day before
>plan it to happen in the middle of the night early morning us times when no one is awake
>waste the first 15 minutes saying nothing, just rehashing the same slides as always
>sirgay or Thomas not even show up for high level engineer stuff, get Patrick instead who's just a talking head

Honestly kind of amazing, what the fuck is Adelyn doing, sorry but Chainlink is probably over, I advice you all to strongly sell. There is a very small chance that anything substantial will happen from this point. Sergey and Steve are right now plotting a plan to liquidate all their remaining tokens and make a run for it

>> No.23908616

>>23908339
It happened. Market didn’t give a shit though.

>> No.23908707

>>23908616
We have not dumped yet so it must have not been good news.

>> No.23908899

>>23908495
>Sergey and Steve are right now plotting a plan to liquidate all their remaining tokens and make a run for it

oh yeah?

>> No.23909234

>>23908899
Yea, I can't reveal my sources but things are looking really bad. You can see that they have started a new company https://chainlinkmarketing.com/ which is also based in NYC where Sergey lives. They will liquidate their remaining capital into this new company and then it will magically fail

>> No.23909318

>>23908495
>>23909234
>anonymous sources say...
Come on fag, provide even the smallest shred of evidence.

>> No.23909346

>>23908323
>nodes were pre-funded by the LINK team for a large part (the active / popular ones, anyway), and the # of jobs/demand hasn't come close yet to any of those nodes needing more collateral. Eventually they will, and also any smaller nodes who want enough LINK to get big jobs will need to start accumulating, but I think we're a year out from that kind of pressure. Until then, still looking at speculative. Even if staking breaks and LP or whoever else starts allowing anybody to stake with them, that'll at first be at a cost to them and they'll be hedging that having an insane amount of LINK collateral will eventually be worth it.
>Additionally, I do think the team is dumping both for hiring & runway, and that's counteracting the majority of buying pressure right now. Eventually that goes away, but there's still a lot the team can sell.
What does it mean the number is increased?

>> No.23909392

>>23909318
https://www.youtube.com/watch?v=yC5MtwfVDLc
You can see if you scroll back that they had Patrick from CL speaking and then a demo using BigQuery. Unfortunately no one knew about this and the presentation turned out to be nothing of substance. It seems like the morale is at an all time low since they can't deliver on time and corporations are looking elsewhere when it comes to the smart contract space. ChainLink is starting to lose its competitive edge

>> No.23909425

>>23908495
I'm going to dump half my stash, just in case its true.

>> No.23909683

>>23909425
Good decision, may I suggest Band protocol for a better oracle solution

>> No.23909722

>>23909234
>https://chainlinkmarketing.com
Wait, what the hell is this?

>> No.23909834

>>23909722
We getting req'd, that's happening

>> No.23909868

>>23909834
Not the mozarella stix sergey NOOOOO

>> No.23909874

>>23909834
>founded in 2012
What discord are you guys fudding from?

>> No.23910311

>>23909392
alternatives?

>> No.23910345

>>23909234
you guys are really getting pathetic

>> No.23910358

>>23909683
I'm going all in in HEX.
Richard Heart is the true prophet of cryptospace.

>> No.23910366

>>23906707
dude you are literally talking about a company that keeps selling their tokens to fund the operation. its unprofitable. holy shit how do you not see this? no one is going to pay $100 to check the price of eth

>> No.23910397

>>23906707
obviously

>> No.23910442

>>23906707
HOLY SHIT A TWO MAN TEAM JUST FLEW OVER MY HOUSE IN A BIG MAC

>> No.23910628
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23910628

>> No.23910683
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23910683

should i buy in at 11.50 in case it doesn't reach 11.00?

>> No.23911321

>>23910683
You should probably sell everything while you still have the time, the trend just broke and every indicator is pointing down

>> No.23911627

>>23908323
Lmao the gall of the team. They have literally made billions now with sales and have almost nothing to show for it.

I used to think sergey always wore the same clothes in an attempt to generate an iconic style like Steve Jobs but now i think it's to convey a false sense of integrity and trustworthy autism whereas once the cameras are off he's in $2000 loungewear driving some custom bugatti.

>> No.23911794

Muh selling to fund the company
How many tens of millions does they need !!!!????
Good kill meee !!!

>> No.23912089

money is in bitcoin

>> No.23912091

>>23906707
>nodes are getting link
>nodes are selling link
at which point is there supposed to be value transfer to holders?

>> No.23912172
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23912172

>>23909234
Sergey lives in SF, you dork.

>> No.23912342

>>23909392

cl never knew what kind problem they want to solve (the oracle problem exist but no company has a need to solve it) . they never knew how to solve it (staking premined tokens on a permissioned network is against every single thing that made bitcoin great in the first place)

>> No.23912467

>>23909346
It means they're dumping on you at a fast rate.

>> No.23913160

>>23908323
>team is dumping