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54252383 No.54252383 [Reply] [Original]

LINK is unprofitable. Discuss.

>> No.54252423
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54252423

>>54252383
that's FUD now FUCK OFF.....BULGARIAN TRANNIES

>> No.54252442

>>54252383
Aint nobody finna pay for Chainlink
Just like Chainlink Labs Community Leaders aint finna pay for ads

>> No.54252452

https://vocaroo.com/1cDlIArIvp0u

>> No.54252476 [DELETED] 
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54252476

>>54252442
>>54252452
your all JEETS
FUCK
OFF
CURRY
NIGGERS

>> No.54252500

>>54252383
this is literally explained in the white paper

>> No.54252516
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54252516

>this is literally explained in the white paper

>> No.54252603

>>54252452
This. Thank you but they are schizos and pajeets. If the accept the fact that they've been scammed by a fat slavic faggot they would have killed themselves. So they cope and seethe and dilate.

>> No.54252680

https://twitter.com/ejwallach/status/1638274150879076357
literally just scroll down. chainlink is paid in usd and they then distribute link to node ops. slightly more reasonable explanation than thinking that 100% (!?!?) of revenue is subsidized. the idea that anything close to 100% is subsidized by chainlink is so pants on head retarded I can't believe he hasn't deleted his post out of embarrassment.

>> No.54252759

>>54252680
Cope everything is entirely funded by dumping premined coins on your bagholder ass. And you retards act so surprised when it never pumps no shit you are subsidizing the utopian 4IR for the public good

>> No.54252796

>>54252759
lol

so, ahem, your argument is, chainlink bad? lol

>> No.54252809

>>54252680
Could this be reason why the price has been kept around $7 for almost year now?

>> No.54252945

>>54252796
token bad because token is only funding development and subsidising the network and for speculative purpose. but you don't need a token for these three things so token is unironically not needed.

>but muh future le heckin' stakerinoo for the cryptoeconomicerino securitinerinoooooo
yeah, unlikely that we^ll see any relevant development in our lifetime considering the pace so far.

>> No.54252950
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54252950

>>54252680
>>54252796
WOW so compound pays chainlink a whopping $1500 a month for 10 oracles.
And thats one of the biggest defi projects.
Thats fuck all even if you add the other defi projects.
This shit is valued at 3.5 BILLION dollars and only makes like 50k at best a month. That's way overvalued.
Sounds like 95% being subsidized is true lmfao

If you were share holders chainlink would be required to share all this information with you so you could make an educated estimate of its value. But good thing that the team owe you nothing and you are just crowdfunders interested in the tech.

>> No.54252977

>>54252383
this is the third time i see this guy post his estimates with convoluted spreadsheets and onchain data then saying he's wrong, and he still doesn't understand their pricing model lol
customers pay them over the counter, then all the onchain funding is handled by CLL themselves so if you look at onchain data then duh it's 100% subsidized, their internal books aren't public nor does it take into account build program

>> No.54252988

>>54252950
Also
>Chainlink "would like"
is not the same as
>We agreed to..

>> No.54252992

>>54252950
good blog, so again? Chainlink bad? Lol

>> No.54253008

>>54252809
>>54252680
So company a buys 1000 dollars of services they get given 1000 dollars worth link in return. If link is 1000 dollars they get 1 link. How does this affect token price?

>> No.54253027

>>54252950
don't distribute red pills here, line go up dude

>> No.54253043

>>54252977
>their internal books aren't public
yeah because they are laundering a shitload of money
>>54252988
are you really implying that compound may have negotiated a better deal? Oh yeah, only $125 per oracle. great!

>> No.54253070

>>54252988
How can you even push this angle?
If CL is the one asking for 1500 that means they get that much or less.
Its not like if CL was asking for and willing to accept 1500, then compound said actually let me pay you 100000 instead :)

>> No.54253075

>>54253043
no dear, it's called the hiding strategy and it's quite clever. you can't even imagine what the real revenue is

>> No.54253082

>>54253043
No, companies can and do use the feeds for FREE. "We would like..." doesn't matter.

>> No.54253096

>>54253070
They dont even get 1500

>> No.54253100

should i code a open source chain link alternative in 3 days? 10 lines of code for the contract and 10 lines of code for the oracle part. maybe this faggots understand that it's easy as that

>> No.54253152

>>54253100
>dude just shadowfork LINK lmao
we're back to 2018 fud huh

it's just a two man team!

>> No.54253179

>>54252383
why do these random twitterfags care so much about LINK
why does it live rent free?

>> No.54253201

>>54253100
You know that Chainlink already is open source, right?

>> No.54253218

>>54253152
agreed, these fudding retards have no idea the absolute bank the nail salon is pulling in, Steve's giving pedicures like a madman

>> No.54253226

>>54253100
Fuck it. Lets Fork chainlink and distribute tokens to /biz/ and run our own neet nodes. Im sure at this point /biz/ has expert knowledge of oracles and can implement chainlinks idea better then sergey. /biz/ would be more efficient and just do the bare bones work necessary without writing endless blog posts and paying hr roasties.
I think sergey has a serious procrastination issue, he is already rich and comfortable and has no need to rush anything, he can easily spend the next 20 years fucking around while working on his hobby oracle project.

>> No.54253240

>>54253100
Do it and make it take native token.

Then short link.

>> No.54253251

>>54252516
Gigakek
Saves

>> No.54253253

>>54252950
Yes anon, Chainlink subsidized the shit out of price oracles to get everyone to integrate Chainlink's tech into their stack. Now everyone is waiting on CCIP and the rest of their functionality which at that point Chainlink will demand they cough up the dough.

>> No.54253350

>>54252759
question is why do people keep buying his premine scam instead of our big energy transfer coin BTC bros

>> No.54253374

>>54253253
Yeah and that worked out great for uber didnt it? Nobody is using lyft or other ride share apps haha..

>> No.54253377

>>54252992
THIS SO MUCH THIS FUCK BLUE CUBES THAT MAKE ME SO MAD IMA BUY A FUCKING AD OUT OF SPITE WHO'S WITH ME?

>> No.54253425

>>54253377
at this point I would like to see chainlink ads all over biz. for the lulz

>> No.54253433

>>54253008
Oracle prices are denoted in LINK.
If company pays 1000 dollars, they will get ($1000/price per LINK) * oracle price worth of services

>> No.54253434

>>54253075
There isnt a number big enough to even begin to conceptualize their real revenue. Ed Felten says to add another zero and buy a fucking ad every time he tries to imagine such a large incomprehensible number.

Eric Wall better watch out. Several Chainlink researchers have gone quite mad investigating the complicities of chainlink's revenue.

>> No.54253457

>>54253425
do it for teh lulz bruh

>> No.54253526

>>54253433
Its obviously priced in USD. theyre not gonna be charging $100 (0.1) in link if its $1000 per coin when theyre charging $0.70 (0.1) right now when its $7 per coin

Hes right how the fuck is the token supposed to gain value from this its literally not needed

>> No.54253593

>>54253434
It's Eric Wallach, Eric Wall is a different guy, and you're cringe

>> No.54253751

>>54252383
I heard this behind closed doors a few months ago. Chainlink is the "gold standard" of decentralized oracle networks, but it's really just tolerated by developers because there's nothing better, so they often have fallback mechanisms for when it starts acting up. Also way too much overhead relative to the value it actually creates. Ripe for disruption.

>> No.54253830

>>54253374
I'm learning two different interoperability protocols for a hackathon that major projects are ignoring in favor of Chainlink. The Network effect within the cryptospace is much more powerful as, for a number of projects, it scales the security of the protocol which further improves the network effect.

>> No.54253903

>>54253593
samefag. you guys are literally just actors marketing a product. buy an ad.

>> No.54253946

>>54252950
nullible is a low iq discord tranny and is completely oblivious to how dumb his response is

>> No.54253959

>>54252383
nooooooooooooooo

>> No.54253965

>>54252950
Hey just so you cope and seethe more im a young hard working white men and i transmute all my hard earned dollars into chainlink tokens to subsidize Sergeys bicmac

>> No.54254036

>>54253751
but chainlink doesn't offer a working interoperability protocol yet, it's still in beta and will remain so for the foreseeable future
there is no chance in hell other working solutions exist but the entire space is willingly ignoring them, risking their long term viability and hampering their ability to generate more profit, right in the middle of a macro shitstorm just to wait for chainlink to deliver shit
stop being delusional

>> No.54254052

>>54253240
>short link
I think people have been doing that for a year now

>> No.54254193

>>54254036
They don’t fud to make us sell, they already realized that wont work on turbo autists. They only fud to stop newfags from buying, since I don’t really care about what anyone else does I don’t post for newfags anymore. I just take the time I have left to keep accumulating. You’re free to try and keep posting to try and gain more newfags to buy I’m just telling you whats happening.

>> No.54254194

why do so many people care so much about my financial well-being? i will continue to buy more

>> No.54254201

>>54254194
try buying an ad

>> No.54254248

>>54252977
So where can I find the actual number? Let me guess, its a black box? Feels like Enron

>> No.54254273

>>54253253
Everyone is waiting on nfts? Really?

>> No.54254327

>>54254193
Yeah anon hate to tell ya the whole bragging about being an autist thing died when gamestoppers adopted it, and then especially when you missed the ‘21 bull

>> No.54254450

>>54254273
Did I fucking say NFTs you dipshit?

>> No.54254569

>>54252680
he has no idea how retarded what he said is

>> No.54254581

>>54254327
I not claiming to be autistic. I can see right through the play at peoples emotions trying to demoralize them though. If I can see it, it’s plainly obvious to someone who was autistic

>> No.54254639

>>54253253
sure buddy

>> No.54254828

>>54253751
Disrupting an entire new industry (decentralized oracle network coordination and provision?) Honestly an alternative could happen but the few who have come about (pyth, API3, fucking Band lmao) have been absolute jokes. Chainlink has such a massive lead in terms of entrenching their position (the land grab, hiring talent, building products for every vertical) its tough to envision disruption in the short term. Maybe 5-10 years from now there will be something but the hill will be extremely steep if CL remains the standard

>> No.54254846

Unironically bullish

>> No.54254880
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54254880

So…its literally hidden? Thats the argument now? “Just trust us”

>> No.54254885

>>54254880
hiding
strategy

>> No.54254938

>>54253526
It's amazing that linkies here haven't gotten it yet.
It's been mentioned on here a few times.
The token is seriously not designed to moon.
I actually think if people understood the economics of link it would be a lot lower.
For all the complaints about 'fud' on here, linkies have created this completely bullshit image of how all this value transfers to them as the token holders.
The reality is that all the value flows through Sergey and there's zero incentive to do anything other than try to keep you believing just barely enough not to sell.
There's no 1k eoy. There's no reason to leak the company's profits any more than the minimum to token holders.

>> No.54254970

>>54254938
CLL had a massive treasury. It benefits them to pump the token price

>> No.54255183

>>54252977
So customers pay fiat to CLL and they pay node operators in link. Node operators convert link to fiat on the open market. A constant inflating token supply with immense sell pressure. Baggies getting FUCKED

>> No.54255261

NO ONE
I REPEAT NO ONE USES THE TOKEN.
Any hopes you had about Chainlink are dead. CLL designed and built a failed product with no paying users.

>> No.54255262

>>54254970
lol sergay made 500m right
steve prolly like shy of 200m
cashed out another 1b for CLL on top of the community

sergay is a serial entrepreneur and basically revealed himself he is functionally depressed and fighting health and weight issues because of the stress of the company
he can always get funding for a new project
all the hr managers and project managers can get new jobs with an edgy but failed venture on their CVs

only bagholders get cucked

>> No.54257440

>>54254970
It benefits them to generate the highest returns on their token allotment by creating the optimal amount of liquidity for the to realize the highest returns.
That is more accurate imo.
For a toy example, selling 100m link at $10 is better than selling 10m link at $50. So having people believe there is some kind of bottom or fundamental value associated with the token that generates more liquidity for them is better than simply pumping it for a short time in a blow off top.
Not that it precludes them from trying to ump it from time to time. But I think they're just not very good at pumping it, but pretty good at running a real business that provides value and gives the illusion that the token captures enough of that value to give it some sort of innate value. But personally with how things have gone in the last couple of years, especially fining out the way the money flows denominated in usd to them and then back out in link, I'm admittedly disillusioned because I was fully smoking the hopium here on the token model for a long time.
Now what I want is equity rather than the token. I believe in oracles and want the most value over the long term.