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The tweet that saved chainlink
The worst part is to know that if SEC would come after LINK it would dump so hard that it would never recoverXRP might recover, with Link this is not the case
>>25283533Damn, you cRipples really are off the hooks, now.
>>25283487is it really this that is making us dump tho? I thought it was just a downtrend and a lack of interest after the $20 blow off top
>>25283533cripple never had any marketshare retardxrapid isn't used, it's vaporware garbage 8 years of your "on demand liquidity" turned off just so you retards would dream about the day it was turned onmeanwhile the VCs dumped on your head and filled you with their bagsyou're retarded
>>25283799dumb money is spooked very easily
>>25283487Nothing makes me cringe harder than some fucking nobody on Twitter saying "my sources on the inside"
>>25283799Nah it was cascade effect from XRP longs getting liquidated and algo bots dumping the whole market in tandem. People don't know what that means so they're assuming normies (who aren't even in this market) and institutions (who know better) are literally reading the news, then walking to their computer to sell massive amounts of all cryptos at low prices.
>>25283533This is the dumbest post I've seen in ages. How could a network whose token price will be driven by usage, and is currently still in early speculation phase, possibly 'dump so hard that it would never recover'?One can only infer from this assertion that you think the Link token's price is based on speculation alone, and will remain so. I have 50k Link. If I thought for a second the network would not be used in the future, I'd wouldn't hold it. Absolute retard territory, my friend.
>>25283799It's pretty much that, after a blowoff top it takes a long time for things to get moving again. Best to hope for is for LINK to range for awhile, not to start trending hard up again.That and I think the entire market is scared of BTC retracing heavy. A 30% retracement in BTC will scare most other coins. XRP would go to like, $.08
>>25283533Hello zeus capital.
>>25283487Based Scott Melker. The only sane person on Twitter
>>25283487its not a security jeez. it has utility in the network ... like eth
>>25283487why are xrp holders so desperate to sink link with them? don't get itdo they hate themselves in secret?
>>25285222I think its because link and xrp holders have always fought with each other on twitter
>>25283487you just know hes holding heavy link bags
>>25284144yeah especially some beanie baby pop musician>>25283975>>25284289link has no use case. literally not one person can refute this>only 106 nodes in a private KYC network>out of those, 83 have ran 0 jobs (!)>only 22% of the network is usedhttps://market.link/search/nodes>only 255 data feed available after years of development>99% are all price feeds>out of those, only 10% have been used in the last hour, 90% of which were just a bulk update acrosshttps://market.link/search/feedDo you think a coin with these metrics after 2 years on mainnet should be in top 10 with a 13 billion dollar valuation with a founding team that still holds 60%+ and does dumps on a weekly basis?
>>25285871LINK currently secures hundreds of billions of dollars with their oracles, that's a use case.also i love how you copy and paste this nonsense in every link thread for months, you're clearly paid.
>>25286247no they dont theres literally zero proof of that except them saying "uhhh yeaahh we partnered up with some defi shitcoins" which is the exact same shit xrp claimed to have done until they got btfo by the sec
>>25286433you're literally making shit up again
>>25286478cope you couldnt refute either of my statements; xrp said the same shit as link does until the sec found out they were bullshitting their investors and their "partnerships" made up a miniscule amount of revenue
>>25286536>XRP said the same shit as link doesno they didn't. Ripple was caught paying their "partners" money to use XRP. now show me proof Chainlink did this.
>>25283487Yea, the asset that was included in the WEF's white paper and is being used as a cornerstone for the fourth industrial revolution is going to get hit by the SEC, sure.
>>25286433You will never be a real pirate.
>>25283533basedhow will stinkies recover?
>>25286671Average retard doesn’t know any of that, just use it as a sale if you want to buy more. Ripple literally never did anything, like most of the scams in this space. LINK is a utility token and is being used as such by basically every major player in DeFI, besides its usage as in other data intrinsic areas - see T Systems, insurance, etc etc etc.Comparing LINK to Ripple is like comparing a fax printer to a plastic apple.
>>25286433>no they dont theres literally zero proof of thatlisten kid you appear to be an XRP holder so clearly you're not aware of the concept of a block explorer or what a blockchain isbut when there is real work being done on blockchains it is transparent and you can go look at it yourselfyou don't have to trust some greasy fat goblin jew like you did for years
>>25285871>>25286433>>25286536Seriously what compels you to do this? If you're doing it for free you are mentally ill. Either you're a salty XRP bagholder or paid by Zeus Capital.
>>25286628there is way too much shit for me to list but the 6 million dollar grant to some faggot who is shilling a link blog? what about that faggot fernando who shilled the oracle partnership for money and then ended up getting demoted? what about all the dead oracle startups that went nowhere? the list goes on and on>>25286879>>25286948scroll up i bash xrp too its dogshit but that doesnt take away from the fact that link is massively overvalued rn and will continue to dump; im listing all facts that can be verified yet noone of you are disproving what im saying instead youre just calling me names lol
facts:1. Link is used by maybe a dozen real projects, but with some real usage too.2. There are many projects who don't use link, don't need to and don't intend to for oracles. It is not as standard as marines make it seem.3. Out of those projects that do use link, Aave and SNX for example, it is fairly well known and understood that chainlink gave them a few million tokens. 4. Chainlink basically invented the fake partnership vibe. The scammy things that SEC goes after, like the 500k dumps, are all there.5.these stats>>252858716. Unironically not a good oracle solution nor good software quality.from here on you have 2 paths1. Chainlink had some minor traction, shouldve stayed low and grew much slower instead of paying companies to sign up with you only to not be used in the most massive bull run of crypto in history. It is over now and the government will pick the leftovers2. Chainlink somehow settles all disputes (if any), unironically scales back and starts fixing fundamental issues like its own centralization in the protocol (sign up).because you fucking idiots couldn't keep it to yourselves, LINK got taken over by le epic reddit and cringe twitter who pumped it and dumped it all over themselves like fucking children. now deal with it
>>25283487>prove it>no YOU prove it.epic.
>>25285222>why are xrp holders so desperate to sink link with them?Checked and this.Why are the cripples specifically targeting Link with their "you're next" fud?
>>25286536>xrp said the same shit as link doesnope
>>25288167>Chainlink basically invented the fake partnership vibeChainlink NEVER announced a "partnership" first.It was ALWAYS the "partner" who announced first.
>>25288167again you just make up lies with no proof or sources. it's obvious what you're doing.
>>25288288>google>>25288380these are for the memesi never expected it to take off lmaoalso the stats are real, you can check the link yourself.
>>25283487Linktards are coping super hard right nowYou bought a security. I know multiple people are the sec and they look long and hard. My other friend works at coinbase and told me to sell because it is getting delisted
>>25288458>googleGoogle announced first, pic related.>>25288458>>25285871>the stats are realNo they're not.>only 106 nodes in a private KYC networkIt's not a "private network", they're private contracts.Contracts will always be private, they are whatever the client/contract operator want them to be.>out of those, 83 have ran 0 jobs (!)You have no idea what "jobs" means.The nodes are ALL providing oracle inputs at every single interval (barring some catastrophic temporary event).Which is their only task.>only 255 data feed available after years of development>99% are all price feedsAnd they provide the back-end for many billions of USD in Defi.>out of those, only 10% have been used in the last hour, 90% of which were just a bulk update acrossYou have no idea how many times users (Aave, Synthetix, ...) are using the feeds lmao. Only they can know.>Do you think a coin with these metrics after 2 years on mainnet should be in top 10 with a 13 billion dollar valuationValuation isn't about the current state of things, it's about future potential.
Why are you retards having this discussion still. The SEC literally confirmed that Link is not a security. You look like idiots
>>25288551Pajeets are coping super hard right now. You bought a Toilet Seat. I know multiple chaiwallahs are on the Toilet Witch payroll and they look long and hard. My other Ranjeet works at currybase and told me to shit because it is getting delisted
>>25283533People might want to read read and read some more. Only way to get rich. LINKmarines have been telling XRP for years that XRP is a security. They understand what is and what isn't a security because the Chainlink community are the most high IQ followers in crypto. What is happening to XRP was Chainlink 101. We went through this already and know which coins ae gonna get cucked. The next one? XLM. thats alpha for today.
>>25283487This is the tweet that saved Chainlink from the shitty SEC fudGet fucked no-linkers and xrp fags
honestly the fud doesnt bother me.what bothers me is normies lumping us together with xrpfags.*shudder*
>>25288716post evidence of this please
>>25283487Anons, it's real fucking simple: the most squeaky clean exchange is Gemini, they comply with every little thing. They never touched XRP. They list Link. THE END .
>>25285871>Do you think a coin with these metrics after 2 years on mainnet should be in top 10 with a 13 billion dollar valuation with a founding team that still holds 60%+ and does dumps on a weekly basis?Literally this. This is the reason the sec is going after ripple. The insider bullshit manipulation.The parallels here are mind boggling, if you dont see it you are willfully doing so.Hold link with deep concern.
>>25286247>LINK currently secures hundreds of billions of dollars with their oracles, that's a use case.Wut kind of schizo shill bullshit is this?? Yes, a handful of defi projects use link as there pricing oracle, is this what you are saying.
Coinbase is about to release a press statement about delisting link next week
>>25289614>This is the reason the sec is going after ripple.The SEC is going after Ripple primarily for leading buyers to expect future profits, you dumbass.
>>25285222checkedi don't know but i remember back in 2018 i switched my xrp on link in 1:1 ratio, fucking lmaonow im holding 20k link instead of 20k xrpbest fucking decision of my life
>>25289614>>25289686Blablabla. Literally, no substance.
>>25289941Yeah and link promised shared profit in staking. GG link marines. Its over
>>25289700Weak, zero effort, pulled out of your ass FUD.Waste of digits. Kys
>>25288235lest you forget
>>25290295I just cant believe how FUDers are this retarded. Staking gains is different than a shared “asset” to be appreciated.
>>25290295>Yeah and link promised shared profit in staking.Staking is providing capital to collateralize some kind of deal, i.e. earning money through the fruits of your own labour, you brainlet. It would be a security if the token holders just earned dividends, but they do not.
>>25290295>link promised shared profit in staking.What?They did no such thing you absolute moron.Chainlink staking is simply the node putting up a guarantee sum.If the node does a good job, the stake is returned in full.No gains are made from the staking itself, all the gains are from providing oracle services.
>>25288716that hasn't happened. xrp and link share a similar structure where a company holds a significant amount of the assets and the development of the asset is heavily influenced by a group of people. if the SEC succeeds with xrp, i see no reason why they wouldn't win against link or other similar projects.
>>25290483except he wasn't talking about the price of tokenhe was talking about usage of the network
Everyone forgets that Link is based on the Cayman Islands. XRP was doing all their show on USA like nothing happened. Big difference.
>>25290687that would not stop the SEC's ability to file a lawsuit.
>>25284235can you explain some more or point me to somewhere I can learn about that? What is it about a margin long being liquidated that makes things crash further?
>>25290793Imagine a series of stop losses being liquidated one by one each affecting the other in a domino effect.
>>25290676yeah i know that i'm just trying to fuel the fire
>>25290637>>25290739The SEC is going after XRP for being a security.What makes XRP a security is the fact that they kept promising token price gains, and openly working to achieve that.Look up the Howey test.Chainlink never did anything like that at all.Chainlink will never be a security.
>>25288603>Valuation isn't about the current state of things, it's about future potential.LOL
Can we let the FUDers do their own thing? I need to accumulate more Link at cheap prices.
>>25283487I sold my Linkies because ETH is going to out perform and capital losses are good
>>25290943That's literally why people invest you fucking brainlet. Are you new?
>>25283799This. No-one cares about the xrp news, we've been on a bad downtrend for months.
>>25290943I'm a private person, I can say whatever the fuck I want.I can buy thumbtacks and pretend they'll go up in value.What matters to the SEC is what the company says.
>>252909221. It is an investment of money2. There is an expectation of profits from the investment3. The investment of money is in a common enterprise4. Any profit comes from the efforts of a promoter or third partyintent is not necessary.
>>25290975imagine having capital losses from link
>>25291126>There is an expectation of profits from the investmentChainlink never said or even alluded to anything like this.Ripple did so many times, which is why the SEC is going after them.
As an og marine, man i have to say that link fud is getting shittier and shittier as time goes. I remember when it was lol json and cup of coffe. Weak faggotsIts all so tiresome
>>25291179was there an investment of money? yesis there an expectation of profit? yesis the investment money in a common enterprise? yes, guess who holds a significant chunk of links and stand to gain from its valuation? both the holders and the development team. same with xrp and ripple labsany profit comes from the efforts of a promoter or third party? certainly true, they have a development team funded through the assets they hold and sell.they are on the same boat as ripple, perhaps not as well known or gregarious. but it's reasonable to believe that chainlink is structured similarly to xrp and ripple labs. it's for a jury to decide at this point but i see no reason why the SEC would not go after chainlink if they win against ripple labs.
>>25291179that's bullish af actuallyfeeling comfy with diamond hands
>>25291241json parser, pregnant muslim sergey, rory and sergey two russian scammers, sibos toilets, its happening tonight, nico bully, there were so many diff types of fuds. now all we have is this shitty fud about securities and that our link wont moon for a few years. the fud nowadays is really a fucking joke
>>25291008Are you fucking retarded? Market value is current value plus some function of speculative value. It's what it's worth RIGHT NOW except some future value with speculative bubbles is priced in.You're telling me chainlink being worth 10 right now is cause it's worth 10 in the future? Cause 10 is the VALUATION and it's some amount of real value plus a function of speculative future value. Aka how much it's "priced in", which is how sure people are of future value increases, which depends on the market and product development and real current value.Aka ur a fagot
>>25291306>was there an investment of money? yesThe same is true for currencies, which are the opposite of securities in the SEC's eyes.>is there an expectation of profit? yesThe company has to LEAD people to expect profit.At least read the fucking wiki about the Howey test.Chainlink never even discussed the token price, let alone lead anyone to expect profit.Ripple did, many times.
>>25288804This.Gemini is the most regulated exchange in the world and they NEVER listed XRP. and have LINK, ZEC, AAVE (post migration). They know what theyre doing and would not list a security.
>>25291402you have to hit all the points anon, not just one to be considered a investment contract.
LINKIES check STX. SEC approved. Mooning while every crypto project is bleeding.
>>25290149Who actually cares about SEC? Like cryptocurrencies can't exist w/o USA, lol.
>>25291429Ripple hits all the points.Link does not hit the points about "leading people to expect profits through the efforts of the promoter/a third party".
>>25291402also no anon, the company doesn't have to lead the people into the expectation of profits. the people simply have to have the expectation.
>>25291497>the people simply have to have the expectation.lmaoAgain, at least open the fucking wiki about the Howey test, you absolute moron.https://supreme.justia.com/cases/federal/us/328/293/>(...) and is led to expect profits
>>25291611>>25291611>or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third partyuse the full quote anon, it's led to expect profits solely from the efforts. it's not 'led to expect profits'.
>>25291686The "investor" has to be LED to expect profits.That means the promoter/third party has to tell them "price will go up".
>>25283487I'm not a fudder, I'm genuine holder, I've had 10k LINK for almost 2 years at this point and never doubted once until a few days ago. I have enough in crypto that making it is a real possibility in the coming year, but not if the SEC wreck my shit in the intervening time
>>25291727anon, you're interpreting it differently. the sentence to me interprets; the efforts of a promoter or third party is what solely affects any expectation of profits. meaning that the promoter or third parties efforts are where the valuation comes from, not from the asset or item itself.
>>25291892>you're interpreting it differentlyYeah, me and the SEC fucking lmao.
>>25291892If that was true, every single asset that is being traded should be a security, including but not limited to : gold, silver, stocks, forex, Bitcoin and Ethereum (btw the SEC has stated that both are NOT securities)tl;dr You are a faggot
>>25291892>>25291966you retards are stretching the definition of security to mean pretty much anything that isn't food, and even some food would fit your definition fuck, by this logic every college should be considered a security and sued by the SEC as wellthe truth is that the SEC sues everyone that brings disruptive technology to the table and they always bend the kneeit's a badge of honor really
>>25292174>you retards are stretching the definition of securityYeah, us, the SEC, and SCOTUS.
https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/virtual_currencieshttps://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/approved_entities_numberlink is not a security, as gemini does not list securities. link was cleared by the NYSDFS for both listing and custody, while xrpee was only approved for custody, not listing. jesus fucking christ people lets put this shit to rest already
>>25287800This nigger is one of the worst twitterfags. Up there with ChainlinkGod.
>Saved chainlink>Down 8% today
>>25291966>https://www.sec.gov/litigation/complaints/2020/comp-pr2020.pdfdoesn't exist first off.>>25292055yes it could be, but gold and silver are not investment contracts, they are assets. if you bundle them like futures or etf's, they are.>>25292174the definition is mallable and not static as recognized.>As the United States Supreme Courtnoted in SEC v. W.J. Howey Co.,Congressdefined “security” broadly to embody a “flexible rather than a static principle, one that is capable of adaptation to meet the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.”328 U.S. 293, 299 (1946)
>>25292199>us groupthink>plebbit spacing>jewish technique of trying to get me to defend events that haven't even happened yetwhat's wrong rabbi? too many goys not selling?lmao shower day soon kike
>>25292306sorry it does exist i found it, but it doesn't have the highlights you are implying.
>>25283487LINK has a HUGE fucking target reticle over it because they use the same scam business model with premined centralized shitcoins that serve no purpose but to enrich the founders.
>>25292369>it doesn't have the highlights you are implying.lmao but of course it does.
>>25292318>groupthinkThis is a legal case, you dip.SCOTUS set the precedent for what makes a security, and the SEC is bringing the case.Imagine trying to spin this as "groupthing" fucking lol.
>>25292395anon, lets stop beating around the bush. we all know that people who bought chainlink only did so because they thought sergey would deliver some revolutionary service or product that would make holding link worth a lot of money. no reasonable person would donate money to sergey, get links, and not expect to make any money at all.
>>25292445But Sergey did not promise them future gains.
>>25292427yeah you and that deformed hooked monstrosity you call a nose need to go back and stay there kike niggerI hope you're not getting paid for this shilling because your handlers are going to be pissed at what a nigger tier job you're doing
>>25283487I'M SO EXCITED FOR YOU GUYS!
>>25292445thats you rationalizing ithowever that is not how the law works. you need evidence of the team leading buyers to expect profits, which the team has very much not done. if you dont have evidence, then there is no case. you do realize the SEC has to argue a case in court right? you think they just go up on the stand and say>hurr durr lets stop beating around the bush. we all know that people who bought chainlink only did so because they thought sergey would deliver some revolutionary service or product that would make holding link worth a lot of money. no reasonable person would donate money to sergey, get links, and not expect to make any money at all.
>>25292485he offered an ICO. even if he didnt' flat out say it, let's not be retarded. he offered an ICO and people bought the ICO on that expectation to make profit. otherwise he should have asked for a donation. who would buy into an ICO if they didn't expect to make money?
>>25292524even if they don't say it in words or advertise it, offering an ICO is pretty much implicit of saying they expect profits. why else ask for money and give them links? as a token of appreciation for their donation? heh.
>>25292445None of this has anything to do with being a security.Sergey has to lead people to expect profits, simply doing a good job has nothing to do with that.>>25292550>>25292578ETH had an ICO and was cleared by the SEC from being a security.Having an ICO has nothing to do with promising future gains.
>>25285222Link does what XRP wishes it could.
>>25283487that scott melker guy is a retard, best to keep your distance
>>25292578you are initially offering a coin that can be used later. that is literally what they are selling. next you are going to tell me paying for a game a year in advance in a pre-order implies its a security too, since there was no working product at the time and they advertised a game with a future promise that can change dates.the point is by offering an ICO you are not implicitly implying profits. ethereum held an ICO, are they considered a security? no, the SEC flat out said it isnt. an expectation of profit arises when investors are directly promised future value in return for what they are purchasing, to which, the chainlink team has done a phenomenal job of never doing, which isnt true for a lot of tokens in the space.
>>25290943I bought LINK early because I knew I wanted to make a little business collateralizing and perhaps running nodes. I knew that if I waited to buy the token while the network grew & matured, it would get increasingly expensive to set up my business. So yes I bought on future potential, and no that doesn't make it a security. The motivation to buy link was to access & use the chainlink network because I thought I could create value myself through use of the network. As an analogous example, I bought solar panels way back when renewable energy credits / allowances were being introduced. I bought in the panels in the winter when they go for a slight discount. In creating a community solar arrangement, I raised funds from willing neighbors to finance the acquisition & implementation of the panels. The key here was that it was made abundantly clear in marketing & contracts that the funders were buying a subscription to the farm's energy output (i.e. energy for their own personal consumption) and not a stake in the farm itself that they could profit from. Of course, they could consume the energy their subscription allowed in order to generate value, create cost savings, or otherwise indirectly profit. But just like Chainlink, the thing was explicitly set up to sell the rights to consume a utility, not to invest in the utility itself.
>>25286628no one uses chainlink
>>25292906Chainlink is the backbone for a large number of Defi projects totalling many billions of USD.And the Link token is used to pay for every single node input.Cope.
>>25290922>Howey testto further on this salient point by this chad anon, i did some research and this made me feel much better, note the datehttps://www.coindesk.com/coinbase-led-group-aims-to-help-crypto-firms-avoid-breaking-securities-rules
>>25293048i couldn't find the link i saw yesterday with rankings but iirc chainlink has a 2 out of 5 where 5 is 'security' and 1 is 'currency'obviously this isn't official, but seeing xrp at 4 and this current lawsuit made me feel better about link's role in all of this
>>25293118ETH was already cleared by the SEC, so obviously the Ripple thing isn't a blanket crypto concern.The Howey test is pretty clear, as long as the project in question keeps from telling people "we'll make sure the token price goes up", it's almost impossible to get slapped for being a security.So it's pretty simple: don't be a greedy hypebeast shill.
>>25283487>listening to the guy who FOMO'd into USO before the stock split it had during contango.This guy is a fucking JOKE.
>>25293225>ETH was already cleared by the SEC, so obviously the Ripple thing isn't a blanket crypto concern.yeah to be clear I know the SEC has cleared BTC and ETH as currencies, my concern is more about Chainlink potentially being considered a security, sorry if unclearsounds like we're in agreement though, link is likely not going to hit any issues from the SEC here (though the jews at the SEC could still do something if they wanted to)
>>25292268With this and with the CRC rating link as a 2 and XRP as a 4 on the Howey test, it really is time to give it a rest
>>25283533Kek linkies seething
>>25292268Your second link shows that 2 entities were approved to list XRP? This is the same situation as Chainlink with the exception being that XRP is greenlisted for custody, i.e. more inclusive. The Gemini/CBC assurance is more reassuring.
>>25285222low IQ people always try to bring down their betters. They're basically communists.
>>25283487There was some larper a while ago who said you wouldn't be able to buy Chainlink next year anymore. Perhaps it's related to this shit.
xrp isn't supported by DEXes. Once the CEXes dropped xrp pairs, then there is literately no place to even dump this shit
>>25295458what is a dex?