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/biz/ - Business & Finance

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29800320 No.29800320 [Reply] [Original]

Last thread was epic and archived: >>29795381

We continue here.

>> No.29800543

>>29800320
What we know so far

>Mat is a coke head and fun at parties
>Mat indirectly still owns 50% of LP tokens and could 'end' LinkPool at any time
>Funds are not SAFU
>Jonny, Eric, and Ian are AWOL
>Telegram is a dumpster fire of empty questions
>Decentralized exchange is actually centralized and still not open

uhoh mat why you do us like this?

>> No.29800933

this wait is killing me

>> No.29801083

>>29800543
So Jonny owns 50% and can end it at any time too?

>> No.29801210

>>29796315
What did he mean by this? Really I am stupid wrt linkpool I just hold stinkies and stay comfy

>> No.29801370

>>29801210
Paneer was enjoying his mid afternoon bath in the Ganges and found a shiny hubcap he'll be able to sell to the scrap yard for enough Rupees to schedule a dentist appointment.

>> No.29801779

>>29800320
I wonder what Sergey is thinking about all of this.

>> No.29801942

>>29801779
mulling it over a few big macs and murmuring about centralization

>> No.29802154

>>29801210
honestly I think it's a LARP man

>> No.29802269

im still unsure why everyone is shocked that someone sold their tokens\?

>> No.29802332

Linkpool is open source. Jonny should quit, and start linktwool

>> No.29802884

Thank god I’m a burger. I wanted to get in this shit, was considering just using a vpn, but felt iffy. The kraken link node just goes to show, there will be other options. This whole thing is a fucking mess now.

Where is 42. You ok brother? I know you were praising LP.... we all make mistakes.

>> No.29803241

>>29802332
Mat is starting WhirlPool its a new decentralized oracle that Cointelegraph dubs the 'Chainlink Killa'

>> No.29803296

>>29803241
>chainlink killer
Absolutely cringing and dry heaving.

>> No.29803357

They should just not give him tokens when they do the erc20 drop

>> No.29804486

Who tf are we fudding really? There’s like 700 holders of LP. I feel like anyone who bought isn’t a total pepega in terms of understanding implications. But if we really think we can tank the price with fud, I’m down to scoop up some more cheap LP kek. My biggest regret was only buying half an LP back when it was worth a few k

>> No.29804514

>>29803241
didn't surf finance from that kleros court have whirlpool?

>> No.29804537

haha, nice trashtalk
my bro’s will never go for this shit on 4chan
we are not a tards

>BNB -all on farming on Julswap and JustLiquidity trading

>> No.29804563
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29804563

>>29804486
the best part is this all sounds exactly like something that would be generic fud
except in linkpools case its actually real kek
how many are just gonna dismiss it and be financially ruined

>> No.29804783

The first domino falls
If you thought that these “decentralized” companies will remain so through fire and flames of life, you’re in for a reality check.
Rugpullmageddon. I’d unironically be worried for chainstink

>> No.29804812

>all the LINK twitter ultracringe faggots sucking Mat's dick on twitter without anyone knowing the full story
I'll wait to see what Jonny has to say first. Mat already raised red flags before all this with his unprofessional conduct and biden cocksucking on twitter so let's just see how the cookie crumbles.

>> No.29804922

>>29804563
I mean to be completely honest, I don’t really see how this is going to change much of anything since most of the “issues” arising from this have more or less been resolved already:
>Dex shutting down - they’re moving to ERC20 anyways which will basically eliminate this control
>Mat Beale influence - dude clearly voided whatever exit agreement they had in place for him after his first fuck up, so desu it’s actually kinda bullish how hard he fucked himself in the ass on telegram and Twitter. It would not surprise me to see him lose a large portion of those tokens or have them locked up for an extended period of time. At least you can address the issue now because of his incompetence rather than later
>Trust - Johnny can easily regain this by simply locking up their side of the tokens when the erc20 swap occurs. Have it locked for many years since regardless they should have no desire to sell it

>> No.29804993

>>29800320
did beale delete his twitter again?

>> No.29805013

>>29804783
why?
link pool is not an arm of chainlink the company
the only thing they have in common is johnny is on sergeys payroll which might end soon

>> No.29805163

>>29804922
>- Johnny can easily regain this by simply locking up their side of the tokens when the erc20 swap occurs.
not to mention that it's piss easy to deploy a smart contract in a way that would lock their tokens out of circulation while at the same time allow them to stake it and withdraw the rewards they get from the nodes

>> No.29805248

>>29800933
what wait?

>> No.29805330

>>29805248
they're not going to announce shit on weekend. We'll get more news on Monday, most likely. Let the crackheads on Telegram cool down in the mean time.

>> No.29805513
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29805513

can i hold linkpool on my ledger? also how will doing this effect the switch to erc20? if i have 36k link tokens and i want to stake a few k on linkpool, how much linkpool should i buy?

>> No.29805545

>>29805163
100% agreed, especially in how it’s expected to work. Like it’s funny this happened now before the token swap, since the token swap is the one opportunity to be able to fix all of this. Had they done the token swap already it wouldn’t have been impossible to fix, but definitely non-ideal and a disaster for optics and regaining trust. Imo the solution here is dead simple and easy to execute given their existing plans

>> No.29805716

>>29804922
the issue that stands out is that LinkPool tokens have dual, convoluted uses:
1) issued to crowdsale investors (individuals) and then released into the wild to be exchanged
2) the source of LinkPool's (the company's) revenue, which it needs to sustain all of its salaries, overhead, marketing, etc.
so when people like Beale leave it has a direct negative impact on the revenue of LinkPool and thus their ability to hire, sustain, and grow.
That's got to be figured out.

>> No.29806062
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29806062

>>29800320
Holy fucking kek

>> No.29806588

>>29800543
There are facts mixed with bullshit in this post

>> No.29806657

>>29802884
>kraken
imagine trusting them ever lmao
Fuck Kraken and fuck their useless datafeeds. ETH price dropped to $600 on their shitty exchange the other day

>> No.29806712

>>29801210
it's a larp. the first transaction, where OP ran out of eth, is just an Eth limit approval and has nothing to do with the DEX order itself

>> No.29806739

>>29805716
No I get that but I guess what I’m saying is mat already is basically going to lose a lot of LP I imagine by violating terms of his exit agreement. I imagine that’s why Johnny and co are so silent, as they are probably talking with legal counsel about best course of action to take
I personally went through this myself with my own company when I had a mat Beale like cofounder and it took me a week to talk to lawyers to determine best course of action to take since he violated our shareholders agreement and resigned before violating again. Ultimately he lost shares and I bought his remaining ones for the very reason you described
Point is, Mat is screwing himself further with every tweet and telegram message he writes but at this point I don’t think he can save himself. I think unironically he’s going to become irrelevant lp wise

>> No.29806746

>>29801779
This must be hard on him, her needs to trust idiots on the way to building a trustless world

>> No.29806749

>>29806588
t. Mat

>> No.29806887

>>29803241
I heard he was joining the Band community and was creating a new Band ecosystem company called Bandit

>> No.29807169

>>29806749
Lel, no. Mat definitely doesn't control half the LP supply, and >>29804922 is probably right that he's most likely fucked himself out of maintaining any. And you can't shut a dex down. All they did was disable the UI that they let us use. You can still interact with the dex if you know how.

>> No.29807197

This hyper_cubist sperg belongs in an oven.

>> No.29807211

>>29804812
>biden cocksucking

its over for linkpool

>> No.29807452

>>29806062
He is absolutely fucking based, holy shit

>> No.29807460

>>29806739
>I think unironically he’s going to become irrelevant lp wise
the worst case scenario is that he's relevant LP wise in that he becomes a literal supervillain of the LP community who holds our market hostage

if you were in the telegram group he was actually very cordial and kind at first, but people started abusing him out of impulsive rage

are you suggesting that his twitter tirade could give the LP firm a legal excuse to reclaim his severance package and thus halt his ability to dump?

>> No.29807639

>>29807460
>>29807460
His severance was 150 LP. 10% of circulating supply is a lot, but hardly enough to hold the market hostage (as long as LP has a working product)

>> No.29807656

>>29807460
yup exactly, he didn’t help his case and continued to make promises on behalf of linkpool. He kept saying we for example, which I found peculiar since you are not supposed to say that upon agreeing to exit. The company doesn’t want you to represent them for a reason, and that’s what he went on to do. I get he wanted to get out in front of it all first, but ultimately he shot himself in the foot

>> No.29807775

>>29807460
Well gee if someone fucks over my investment but they're polite we should let them walk all over our fucking balls then.
The guy has smeared Linkpool's reputation and by proxy Chainlink's. He deserves everything he gets and more. He could have waited for an exit statement before dumping on the market, but he fucked that up. He could have waited for a statement about why the DEX was fucked, but he fucked that up. Then continuted fucking it up continually, just so that he could stroke his own ego and feel like the good guy. Typical fucking narcissistic prick who has genuinely put linkpool in a really fucking bad spot.
What the fuck is wrong with you little lapdogs.

>> No.29807826

>>29807197
Get fucked Mat you’ll rot in an Aussie jail ya cunt.

>> No.29807951

>>29807826
You know where I live tosser! Come on over.

>> No.29808290

>>29807775
>Typical fucking narcissistic prick who has genuinely put linkpool in a really fucking bad spot.
This. People defending him are simping fanboy faggots.

>> No.29808427

>>29800320

Why do all of these (((shitcoins))) have hexagonal logos?

>> No.29808476
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29808476

>>29804993
Kek yeah he deleted it again. Fuck I hate this cunt.
https://twitter.com/mobealo

>> No.29808747

why does this fucking matter? i've bought and sold LP before, and receive a biweekly link airdrop from the LP i still have. where is this problem with the product that poorfags keep yammering about?

>> No.29808878

>>29808747
for the faggots that think i'm gonna panic sell my LP, think again kikes, you can possibly have a chance to buy some of my crumbs when it's an erc20 and 100x it's current price.

>> No.29808888

>>29808747
Did you not see what happened to DMG? Linkpool are already on thin ice, and one of the founders dumps his unregistered securities on the open market then goes on a social media rampage. This is bad for linkpool and chainlink by association.

>> No.29808937

>>29808476
aww he didn't like my comment...
i can't recall if it was the same tweet but he also mentioned that crypto was great because he could start work on at midday on a monday if he had had a big night
great attitude to have from a "leader"...
but yeah, i'm actually a fan of acid but you keep that shit to your private life, just completely unprofessional and showing poor judgement

>> No.29808961

>>29808888
i'll keep that in mind, sanjay. thanks for your concern.

>> No.29808987

when is SEC gonna get involved? Founders are corrupt. Chainlink is not just a dump and pump coin. It can't be a wild west coin where founders can turn stuff off they lose.

>> No.29809029

if Evens Link Dumps tonight at 3Am pacific time to sub 20$

>> No.29810194
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29810194

>>29808888
>This is bad for linkpool and chainlink by association
no, if stake.fish go bust tomorrow Chainlink lose a node operator, nothing more
Chainlink network aims to be decentralized for a reason, imagine thinking a community project by biz scammers is as important as Chainlink

>> No.29810404

>>29810194
>founders dumps his unregistered securities on the open market then goes on a social media rampage
he dumped 5% and most of that was in one buy order. he went on a social media rampage because we made fun of him on biz for being a drug-addled gambling addict who literally cucked Johnny. idgaf

>> No.29810463

>>29810194
>Chainlink network aims to be decentralized for a reason
Tell me how Chainlink is decentralized in its current state when the nodes are handpicked and subsidised by Chainlink themselves.

>> No.29810663

MAJOR INSIDER LEAK. JONNY IS GOING TO PULL THE PIN ON THE LP TOKEN AND PAY BACK ALL HOLDERS AT ICO PRICES.