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

/biz/ - Business & Finance

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24640146 No.24640146 [Reply] [Original]

Something is seriously wrong with chainlink. The usd, btc and eth charts are weak as fuck. There are no buyers stepping in at all. Meanwhile the team are adding integrations, Sergey is speaking at a major financial conference and ocr is close to being delivered.

Are we heading back to $6?

>> No.24640207

>>24640146
sell faggot!

>> No.24640217

$1000 EOY

>> No.24640252

>>24640146

Nope. Volume is just overall low for everything. Wait for btc to make a move.

>> No.24640275

>>24640146

Also buyers have been stepping in, but they always wait for the price to drop before they do.

>> No.24640278

>>24640146
So glad I sold at 16$ lol
Good luck anon

>> No.24640279

>arb mainnet soon
>OCR soon
>"omg something is wrong"
Shut the FUCK up

>> No.24640288

>>24640146
$2

>> No.24640292

>>24640252
I'm one of those waiting on the sidelines but everything is clearly extremely manipulated

>> No.24640776

>>24640252
Incorrect. Volume is sky high for defi tokens, and the other majors. Link is bleeding down to key supports on multiple pairs and timeframes, plus putting in lower highs on the weeklies. It’s fucking over, $7-$8 inbound.

>> No.24640991

>>24640776
Weeklies

>> No.24641033

>>24640146
Look at the Tezos chart. Chainlink is next

Crypto is beyond at joke these days, kinda feels like we had the exit pump and are being prepped for a massive dump

>> No.24641110

>>24640146
>Meanwhile the team are adding integrations
In Defi.

The saturation point for Defi is long gone, and it's fucking time the team start putting out actual progress instead of running in place faster and faster.

>> No.24641119

>>24640146
Maybe when you totally stop development on a project, go silent and start mass off loading stock people get spooked.

>> No.24641124

>>24640146
>we're heading back to [random number] pliz let me buy lower
No, incel. You had 2 years. Cope.

>> No.24641155

>>24641110
They're not even real integrations, you can see the cumulative jobs run and it's not rising as if new clients are adding. It's just crypto scams using an announcement for some free advertising, it's been the case for well over a year. Even fucking oracle had it with the startups where most just took the link grant and disappeared, some without ever setting up a website.

>> No.24641167

>>24640146
Think lower

>> No.24641205

>>24641155
pretty much this
there is no real demand for this (yet?)
I mean how many people are really using stuff like blockchain crop insurance? my guess would be zero
technology and possibilities are promising but that’s just about it for now

>> No.24641231

>>24641205
precisely. Chainlink was marketed too hard for something that's not even being used yet

>> No.24641240

Why would anyone want the showboating scumbags who hold chainlink to have any money in their hands at all?

>> No.24641276

All of my bets are in opposition to chainlink. I even hold some XRP. the only altcoin I'm not fucking crazy enough to hold onto is stellar because it's just XRP with a different name and fewer developments.

>> No.24641280

>>24641155
>>24641205

>They're not even real integrations
They are.

>you can see the cumulative jobs run and it's not rising as if new clients are adding
The "jobs" don't rise as new users start using the price feeds you retard.

>> No.24641295

>>24641110
I agree its tiresome with the daily defi owl announcements

>> No.24641326

>>24641280
Yes they literally do lmao. What do you think chainlink is fucking kek - just an aggregate feed you look at? What are you oh no no no

>> No.24641355

>>24641326
>Yes they literally do lmao.
No, they don't.
The "jobs" is the nodes adding their input to the feeds. How many parties use the data from the feed has zero impact on that.

>> No.24641421

>>24641205
Noone: https://www.artemis.bm/news/arbol-transacts-11m-notional-through-weather-risk-platform/

>> No.24641422

>>24641231
>Chainlink was marketed too hard
Now THIS is satire.

>something that's not even being used yet
Chainlink is the backend securing many billions of USD in Defi right now.

>> No.24641445

>>24641326
the absolute state of biz in 2020. if you had spent time testing a node instead of wasting your time here youd get this

>> No.24641478

>>24641422
>Chainlink is the backend securing many billions of USD in Defi right now.
It's not exclusively doing this job, hence the bubble will continue to deflate.

>> No.24641521
File: 377 KB, 1056x772, compound leshner oracle exploit attack hack.jpg [View same] [iqdb] [saucenao] [google]
24641521

>>24641478
>It's not exclusively doing this job
lmao yeah you're right, there are other "oracles". Pic very related.

>> No.24641553

>>24641521
You act like one fuck up is the end of all competition.. putz

>> No.24641567
File: 102 KB, 958x746, maker dao makerdao explains how oracles failed private feeds.png [View same] [iqdb] [saucenao] [google]
24641567

>>24641553
>one fuck up

>> No.24641595

>>24641567
still not buying your bags, Gomez

>> No.24641627
File: 139 KB, 1287x521, value defi attack hack exploit chainlink.png [View same] [iqdb] [saucenao] [google]
24641627

>>24641595
>I'm never buying what you're never selling
ok

>> No.24641644

The problem is even if Link is the greatest tech ever the prospect of the team dumping 600 million tokens on the public is just too much for the market to accept.

>> No.24641652

>>24641627
Why is chainlink superior to other oracle providers?
If imma get dumped on why Sergey I need some hopium to go on

>> No.24641658

>>24641644
Algorand has the same problem, devs are holding 80% of the entire supply. wtf

>> No.24641661

>>24641627
We need a compilation of shit like this.

>> No.24641660
File: 61 KB, 1826x1006, chainlink token distribution.jpg [View same] [iqdb] [saucenao] [google]
24641660

>>24641644
>the prospect of the team dumping 600 million tokens on the public is just too much for the market to accept
Pic is from before the ICO.
The token "dumps" were priced in from the very beginning.

>> No.24641732

>>24641644
you realise it won't all be dumped right? that is what they're using to get the big guys on board

>> No.24641733
File: 769 KB, 3218x1858, lmao bzx dex exploit hack solved by chainlink.jpg [View same] [iqdb] [saucenao] [google]
24641733

>>24641652
>Why is chainlink superior to other oracle providers?

Chainlink as it is now (without staking, reputation, enclaves, mixicles, threshold signatures, ...) is miles ahead of any competing oracle because it's simply built right from the ground up.
Chainlink mainnet was launched with three independent nodes calling three independent sources, and things only got more decentralized from there.
Everyone else is playing catch-up, and eating tons of shit while they're at it.

And that's before Chainlink even reaches its second form.

>>24641661
Yeah, but the slow roll is so satisfying.

>> No.24641766

>>24640146

I hate newfags

>> No.24641860

>>24641652
>Why is chainlink superior to other oracle providers?

I'll give you the two largest Defi players as an example:
- Maker; see >>24641567
- Compound; see >>24641521

Maker uses a system of "secret" oracles. Only two key people at the Maker organization know the identities of these oracles.
This is obviously extremely non-transparent. It's impossible for anyone to find out what is happening or what happened when something goes/went wrong.
And since this system is very limited in scope (there are only a handful of oracles due to the nature of the secret system); things do go wrong.
On "black Thursday" in March for instance, Maker's oracles shat the bed while Chainlink's were only affected by the skyrocketing gas prices (which is obviously due to ETH's lack of scaling).

Compound uses only a single data source: Coinbase.
They made a big show of launching their joint "Open Oracle" project, which was in reality nothing but a centralized oracle with a lot of smoke and mirrors.
During the general crash in late November, Coinbase's price of DAI shat the bed while the same didn't happen to DAI on other exchanges. So a ton of major Compound users lost millions in liquidations.
This simply would not have happened if they had used Chainlink (i.e. multiple raw feeds and aggregates from various exchanges and sources combined).

>> No.24641983

>>24641860
Interesting, so basically there is no competition for legitimate decentralized oracles, which is the only viable Oracle for most businesses.
Concerning that chainlink depends on money skelly to come through with sharding which God knows if the eth team ever will.

>> No.24642035

>>24641983
>so basically there is no competition for legitimate decentralized oracles, which is the only viable Oracle for most businesses.
Yes.
And again, this is with Chainlink in its absolute most basic form. And already nobody can touch it.
Pretty much the only reason players like Maker and Compound aren't using Chainlink, is pride and ego.

>Concerning that chainlink depends on money skelly to come through with sharding
To be fair, Chainlink also has a bunch of measures that will drastically improve ETH scaling (like threshold signatures), and Chainlink is also slow as fuck getting this shit developed.

>> No.24642051

>>24641983

No he doesn’t

>> No.24642054

>>24641733
>Yeah, but the slow roll is so satisfying
Set it to Halls of the Mountain King

>> No.24642122

I have question.
After China BSN, and the bank using link and confirmations of the intergration from wing wong conference this year..

Why especially China not buying link? Literally BSN that all need to use there, then the Singapore, Korean banks using links KWR pairs etc. There should be buy pressure from east. Why there is not?

>> No.24642194

>>24642122
Chinks get butthurt relying on other people because it reminds them they're not God

>> No.24642215

The occupation of private detectives is becoming more popular nowadays. That’s why after the perspective pre-sale the GTX price can rise x10!

>> No.24642296

Why do anons bother responding to fud anymore? If you know, you know. I literally don;t give a shit about the price at this point. It's coming, and no one knows when, The point is that anyone caught swinging will get rekt, and that's all there is to it. I'm not selling at 50 or 100, so why do i care if it drops from 13 to 8? I couldn't give a shit.

>> No.24642319

>>24641660
It’s one thing to know something will happen. It’s different when it actually does.

>> No.24642351

>>24641660
I think people expected more in return bro

>> No.24642527
File: 153 KB, 1600x606, Arbol Diagram_V4 (1).png [View same] [iqdb] [saucenao] [google]
24642527

>>24641421
...very nice