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/biz/ - Business & Finance


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54854846 No.54854846 [Reply] [Original]

transparency, etc., why dont they lead the way by showing us a financial statement of their company? Specifically Id like to see a current balance sheet and statement of cash flows from the last two years. Surely the group of people who calls others in the industries “psychopaths” wouldnt be living in a glass house, throwing stones, r right?

>> No.54854867

Chainshit is based in Cayman Islands. This alone says a lot about fat Sergey.

>> No.54854882
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54854882

>>54854846
Seriously, question to the cult… you wouldnt want them to do this would you? Just be honest for once. Hard mode: try to answer this without claiming its a massive conspiracy. Lets just talk financials. Wheres the money Lebowski?? Why does Sergey get to call everyone else out without having to show his cards…

>> No.54854885

>>54854846
Is this a decentralized company based in the Cayman Islands?

>> No.54854893

>>54854846
>Cash flows

They have none, except from dumping the token (not needed) to spot markets.

>> No.54854940

>>54854867
I hear ya but lets keep this about the actual numbers. I just want to see where it all goes, thats all. No more no less. He comes out for the last 6 months and bangs on and on about proof of reserves…. The ironic part is I bet hes such a sociopath, he probably never even considered someone might ask him the same question. Thats the thing about these guys, theyre obviously very high iq but so dialed into certain things, it leaves a lot of blind spots.

>> No.54854950

>>54854846
>a financial statement of their company
you're not a shareholder of Chainlink
you may own some LINK utility token, which is not a security, and doesn't make you part owner of the company

if you bought the LINK utility token for any other purpose than to use oracle services on the Chainlink network, such as "an investment" that you hope will be worth more in the future, that was an error in judgement on your part. LINK is not a security.

>> No.54854956

If anyone from CL and/or ambassadors are here, feel free to chime in. We know youre here after the IBM posts the other day, so no need to be bashful.

>> No.54854966

>>54854956
I am a chainlink ambassador, what would you like to know?

>> No.54854982

>>54854950
Im aware of securites regs. Thanks Gary! Reread my posts though…Im asking CL to walk the walk. As in, lead by example. If youre going to call out crypto as a whole, show us why youre better. Again im aware theres not a legal requirement (yet).

>> No.54855001

>>54854846
How come no one asks to see the balance sheets of Nexo or Paradigm? What about the MEV mafia who routinely extract trillions through predatory practices?

Why is it so important to only see the chainlink books?

I want to see Sassal the Scammers books and Vitalik and even famous cancel culture adherents like Hudson Jameson or Hasu of flashbots. How much do they make from flashbots and who gets the kickbacks?

Asking to see chainlink's books without the others bruh you susin fr no cap

>> No.54855007

>>54854966
As stated in my post, balance sheet (current), and ‘22 and ‘23 stmt of cash flows. If you cant release, why? I thought you were all about transparency…

Rules for thee and not for me?

>> No.54855019

>>54855007
Where are Paradigms books nigger why arent yall axing boot dem paradigm books

MEV MAFIA I HEREBY DEMAND YALL OPEN YALL BOOKS

>> No.54855029

>>54855007
Like any company, that information is held by a few at the top. It's not like I can just go download it. Anything else you want to know?

>> No.54855038

>>54854846
>twitter screencap with the engagement metrics of the fud reply cropped off
once you see it, you'll see it everywhere

>> No.54855156

>>54855038
So theres no statements?

>> No.54855189
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54855189

>> No.54855316

>>54855029
Not for much longer. Once regulations are out, this will need to be public, just like current public companies who take money from retail.

>> No.54855343

>>54855001
This discussion pertains to chainlink which makes sense given were on a chainlink board. You should start a separate thread for those topics

>> No.54855352

>>54855316
Chainlink is a private company and not publicly traded

>> No.54855365

>>54855316
Was there anything else I could help you with today?

>> No.54855383

>>54855189
Thanks but no thanks. A few comments here:

A) this is at best a gross profit estimate. I was looking for cash flows which would include, amongst other things, money received from investors, and staff salaries. Both of these are things I suspect the team would never want public. Theyd have even more outrage on their hands.

B) this is from Eric Wallach right? If so thats just his guess on whats happenning. Id prefer something the team signs off on, given how “trustworthy” they are. R r right???

>> No.54855406

>>54855383
Chainlink are in open conflict with the most powerful and well funded cartel in crypto. Do you think Chainlink should hand them all their internal documentation, so the MEV cartel can look for weakpoints, knowing the MEV cartel would do anything to take Chainlink down?

>> No.54855450

>>54855352
Again im aware of the rules. Youre pretty dense arent you. The point of my request is to point out the irony of Sergey calling out the rest of crypto…surely I dont need to keep explaining this right?

To put it in a retard level analogy for you

>i show up to poker tournament, start losing
>cry out everyone else is cheating by hiding cards in their sleeves. Demand they roll up sleeves
>when its my turn, wont roll up my sleeves. Dude just trust me

>> No.54855472

>>54855406
Lmao so Chainlink is so flimsy that a public P&L report would implode them? How does that make any sense? I thought this was the next Amazon? Their financials were public…

>> No.54855486

>>54855450
I understand your frustrations but as I stated I, nor does any ambassador of Chainlink Labs to my knowledge have access to this information. If there is nothing else I can help you with today I will close the chat window. You will be prompted with a survey to give us feedback on our service today. Do you mind sticking around a few minutes to help up better our services?

>Please comment on your Service Performance so that we can serve you better. Thanks for your time!

>Has your issue been resolved?
y/n

>Rating
-/5

>Comment:

>> No.54855497

>>54855472
Your problem is with Chainlink calling out the rest of the space for data manipulation, which seems to imply you want confirmation that Chainlink DONs serve data honestly without manipulating it, but then when you articulate what information you actually want, it's all related to P&L reports and staff salaries, which have nothing to do with whether DONs manipulate data or not.

Are you interested in Chainlink's internal financials, or are you interested in whether Chainlink are participating in the same data manipulation that they accuse competitors of?

>> No.54855519

>>54855486
Lmfao. Thats pretty good

>> No.54855538

>>54854846
it's not about trust it's about trustless cryptographic truths, don't you listen to the marketing catchphrases nigger?

>> No.54855560

You fudders are mentally ill

>> No.54855565

>>54855497
Internal financials. Lets see where all the investor money goes. At least Enron pretended to have an audit. This is a complete black box. I dont give a shit about all those gay ass buzz words. Where the fuck is the money

>> No.54855584

>>54855565
>Why does Sergey get to call everyone else out
You realise that Sergey calling others out has nothing to do with their internal financials, right? He's talking specifically about them manipulating data that gets fed on chain and ripping people off in DeFi as a result.
You're conflating two unrelated things to make the case that Chainlink are being hypocritical, but your basic premise is flawed.

>> No.54855589

>>54854846
None of it matters. Big Serg himself said he’s worried the next decade will be more of the same and implored the space to right the ship. Meaning he has no frame of reference here, he’s like a child who wanders into the middle of a movie and—

>> No.54855637

>>54854846
Shit like this is why btc is the only legitimate buy.

>> No.54855653

>>54855352
Chainlink is committing securities fraud like FTX did by issuing an illegal funding token to US investors for nothing in return.

>> No.54855940

>>54855584
However you want to spin it thats cool. As long as you acknowledge hes buried his own investors and endorsed major scams. Again I dont care about anything about the bottom line, because Im a bizness man. Not a tech guy…

>> No.54856146

>>54854846
>>54854867
>>54854882
>>54854885
>>54854893
>>54854956
>>54854982
>>54855007
>>54855156
>>54855316
>>54855343
>>54855383
>>54855450
>>54855472
>>54855519
>>54855565
>>54855589
>>54855940
>people respond seriously to this low iq fag
Lol let me show you all the correct response to these ' people'

The usual discord nufudders are actually a lower form of life than unpaid internet janitors:
>constantly making 50+ pbtid fudding in discussion threads over 10+ hours whenever they're up
>the rest of the time they seem to be seething, samefagging, and monitoring in up to 6 fud threads at any one time during their "rush hour"
>sometimes when they're really upset because no one takes them seriously, they'll spam the board with nikado avacado's asshole threads
>they have been doing this possibly since 2021, when a lot of them bought the top and never recovered
>others lost their stacks on bancor and celsius
>some even think that they're "fighting the wef" by posting on here - yes they're that retarded
>lets be generous with the math and say that they've only done this for five days a week (including holidays) for one year (50x52=2600 hours spent doing this maybe, not including the time they've spent making low quality memes and looking at pictures of the best cock cages to use)
>all over an apparently shitty and unimportant crypto
>on a board that doesn't even affect the prices
>all for FREE

>> No.54856347

why isn't chainlink revealing all its internal financial data, investor identification info, confidential medical records for each employee, etc? i mean what is the reason? something to hide?

>> No.54856391

The usual discord nufudders are actually a lower form of life than unpaid internet janitors:
>constantly making 50+ pbtid fudding in discussion threads over 10+ hours whenever they're up
>the rest of the time they seem to be seething, samefagging, and monitoring in up to 6 fud threads at any one time during their "rush hour"
>sometimes when they're really upset because no one takes them seriously, they'll spam the board with nikado avacado's asshole threads
>they have been doing this possibly since 2021, when a lot of them bought the top and never recovered
>others lost their stacks on bancor and celsius
>some even think that they're "fighting the wef" by posting on here - yes they're that retarded
>lets be generous with the math and say that they've only done this for five days a week (including holidays) for one year (50x52=2600 hours spent doing this maybe, not including the time they've spent making low quality memes and looking at pictures of the best cock cages to use)
>all over an apparently shitty and unimportant crypto
>on a board that doesn't even affect the prices
>all for FREE

>> No.54856447

>>54856347
Probably because thats one of the dumbest angles a fudder has come up with and its why none of the others will touch it. Out of all your 'colleagues' spamming the board, you're probably the biggest retard in the bunch. So how about you "do the right thing" and kill yourself eh?

>> No.54856504

>>54856447
i actually own link man
it's just.. i dunno. chainlink LLC seems a little too secretive. it kinda comes off as sketch... a little transparency would do the company some good, ya know?

>> No.54856539

Why hasn't Sergey shown us his asshole? I mean, he could easily bend over and snap a pic and post it on 4channel. Nikocado has done it. Are we just supposed to TRUST that he has an asshole? How about we TRUTH that he has an asshole by deco verified Sergey coinslot pics.

I suggest we spread this fud on all official channels and hold the Chainlink team accountable.

SAY IT WITH ME: TRUTH > TRUST! LINKS > CHAINS!

>> No.54856559

>>54856146
>>54856391
this really riles them up

>> No.54856591

>>54856559
we're not riled up dude
as concerned chainlink investors, we just have some legitimate transparency concerns

>> No.54856608

>>54856591
ok "bro"

>> No.54856611

>>54856591
The usual discord nufudders are actually a lower form of life than unpaid internet janitors:
>constantly making 50+ pbtid fudding in discussion threads over 10+ hours whenever they're up
>the rest of the time they seem to be seething, samefagging, and monitoring in up to 6 fud threads at any one time during their "rush hour"
>sometimes when they're really upset because no one takes them seriously, they'll spam the board with nikado avacado's asshole threads
>they have been doing this possibly since 2021, when a lot of them bought the top and never recovered
>others lost their stacks on bancor and celsius
>some even think that they're "fighting the wef" by posting on here - yes they're that retarded
>lets be generous with the math and say that they've only done this for five days a week (including holidays) for one year (50x52=2600 hours spent doing this maybe, not including the time they've spent making low quality memes and looking at pictures of the best cock cages to use)
>all over an apparently shitty and unimportant crypto
>on a board that doesn't even affect the prices
>all for FREE

>> No.54856641

>>54856608
>>54856611
this is how you treat concerned chainlink investors concerned about transparency issues of great concern to the viability of our investments?

>> No.54856647

>>54854846
that's anti-semitic

>> No.54856717
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54856717

I'M A FUCKING CHAINLINK INVESTOR AND I HAVE TRANSPARENCY CONCERNS. WHO IS GOING TO LISTEN TO ME.

>> No.54856752

MY TRANSPARENCY CONCERNS FOR THE CHAINLINK COMPANY ARE A SERIOUS MATTER. I FUCKING CARE ABOUT THEIR LEVEL OF TRANSPARENCY. THIS IS NOT A JOKE. I AM A SERIOUS INVESTOR WITH SERIOUS CONCERNS. I AM CONCERNED ABOUT THE VIABILITY OF MY INVESTMENT. MY CONCERNS ARE LARGE AND VOLUMINOUS. HOW DO I DO THIS. HOW DO I COMMUNICATE MY CONCERNS. I DESIRE MORE TRANSPARENCY, VISIBILITY, CLARITY. SERRGEY GIVE ME VISION. LET ME SEE. LET ME SEE WHAT I DESIRE TO SEEE. MY CONCERNS ARE REAL.

>> No.54856945
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54856945

>investor

>> No.54857066

>>54854846
>why dont they lead the way by showing us a financial statement of their company?
it is impossible for a person to be dumb enough to think this is a reasonable idea. you should kill yourself for being this dumb

>> No.54858104

>>54856447
>Private medical records
If you can't see he's saying this tongue in cheek you are autistic

>> No.54858153

>>54854846
How are Chainlink's internal finances relevant in any way?

The public feeds have been public since 2019, and have shown how well Chainlink's products work.
That's all that's relevant here.

>> No.54858167

>>54854846
Chainlink Labs != Chainlink the open source protocol

>> No.54858347

>>54858153
>financial transparency for Chainlink's cash flows not needed!
kek, brought to you by the advocates of truth over trust!
>cognitive dissonance: the community

>> No.54858542

>>54855940
>however you want to spin it
No, retard, your logic is flawed and you’re a complete moron

>> No.54858559

>>54858347
Why would you need to know about Chainlink's cash flows?

>> No.54858831

>>54858559
To show that funds raised from token distributions are being used for their stated purposes, rather than being siphoned out of the company into owners personal accounts. Appropriate use of funds would be the short answer, especially to deliver on the products that they promised when raising those funds (i.e. Staking 1.0).
Chainlink Labs spouts rhetoric about transparency, yet they themselves are less transparent than any publicly listed company.

>> No.54858838
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54858838

>>54856146
>>54856391
>>54856611
From a psychiatric perspective the word "cuckold" triggers Link marines so much because subconsciously they know it's their true nature. Imagine holding a premined erc-20 token with terrible tokenomics for 6 years hoping to make it just to see your pathetic bags getting outperformed by the entire market while you stake your measly tokens for bond tier gains (4% APY). The cherry on top of the cake is Sergey who stringed along the community while he made $500 million by dumping on gullible retail investors like you. The cuckold nature of the Link marine is an undeniable reality. As with every cult pointing out the truth is often uncomfortable for the cult members. But the truth is....Link marines are simply cuckolds.

>> No.54858861

the token exists to sergey can launder money from the premine into the company
that's how all these web2-era ico work

>> No.54858878

>>54858831
They're Chainlink's own tokens, they always were. We knew this before the ICO even.
This is nothing like FTX or whatever messing around with other people's tokens.

Would it be nice to know exactly where very single Link token is going? Sure, but that has nothing to do with truth vs trust.
Look at Satoshi's wallets; the guy kickstarted the first successful application of truth > trust; but to this day we have absolutely no idea exactly what wallets and what coins are Satoshi's.
Hell, we don't even know who the fuck he is.
Because it's irrelevant to the actual principle of cryptographic guarantees behind blockchain.

It's funny how you people keep screeching at Sergey about this shit, while giving Bitcoin itself a free pass.

>> No.54859052

>>54854846
They should.

>> No.54859097

>>54858878
>Would it be nice to know exactly where very single Link token is going? Sure, but that has nothing to do with truth vs trust.
It has everything to do with truth v trust. Every time distributions have been announced, they've always come with the comment that the funds raised will be used to continue development and growth of the network. So what we're asking for is proof that those funds have been used for their intended purpose as stated, and haven't been used in ways that weren't communicated. Basic disclosure similar to what any publicly listed company is already required to do would go a long way to demonstrating that Chainlink Labs is operating in the manner which they've communicated to people. However, both Chainlink Labs and their advocates seem very adverse to even the slightest bit of transparency, and consistently ask everyone to just "trust the team" even though we know deadlines have been blatantly missed and features that were promised years ago are long overdue. What is it that they don't want people to know about the financial state of their company?

>> No.54859292

>>54856559
Nah not really. People just skim past it.

>> No.54859310

>>54854882
Yeah just as soon as Vitalik holds a conference on MEV, then we can invite every top 30 crypto project to hold a conference where we just discuss their corporate balance sheet.

Seems totally reasonable, no?

>> No.54859312

Anyone know what the dump was caused by just now? Fat finger?

>> No.54859319

>>54857066
Go ahead and explain without all the emotion. Use your words

>>54858153
Because they take money from retail investors. Obviously…


All of you idiots realize that even when you invest in private companies, they still send out quarterly financials to the investors. You realize that right? Amateur hour in here

>> No.54859333

>>54858542
Solid argument.

>>54858831
/thread. Thank you

>> No.54859353

>>54859097
Chainlink Labs is not a publicly traded company. Why do they have to disclose their finances to non-shareholders? It doesn't make any sense. Buying the token is not the same as buying shares in CLL. You can buy the token and then you can use it as currency to obtain services from Chainlink node operators. You have no dealing with CLL itself. What you're asking is akin to going to a jetski park, hiring a jetski, and then demanding to see the company's Proof of Reserves LMAO. You paid for the thing and you got it.

>> No.54859363

>>54858878
Pretty sad derail. This isnt bitcoin and this discussion is about Chainlink.

>> No.54859393

>>54859353
Scroll up and read through the thread again.

Also that jetski analogy was atrocious. How does someone “hire a jetski”???

>> No.54859410

>>54859312
expected announce at avax conference. it was a rehash of functions advertised as alpha >>54859083

>> No.54859461

>>54859353
I haven't got it though, where's Staking 1.0, where is CCIP? Multiple features that Chainlink raised funds on the basis of delivering, but which they have now missed their own deadlines for. Are you saying that Chainlink mis-sold tokens that do not have the utility that they promised? How do I know that the money I paid for Link tokens hasn't been used for purposes other than delivery on the features that they said they would? For example, buying the founder multi-million dollar mansions in Puerto Rico.
What you're suggesting is that Chainlink Labs should be able to raise funds, use them in any manner they desire (even if its not what they said those funds will be used for), and not be held accountable in any shape or form. A.k.a they can steal the funds into their own pockets with no repercussions.

>> No.54859824

>>54859410
Ty anon

>> No.54859842

>>54859461
Does anyone realize that this is obviously an unregistered security or is this site completely made up of teenagers and pajeets?

>> No.54859883

>>54859353
>Chainlink Labs is not a publicly traded company.
>Buying the token is not the same as buying shares in CLL.
which begs the question why do people expect the token price to rise. especially when the company is sitting on a boat load of them?

>> No.54861576

>>54859363
>noooooo my precious double standard!!
kys

>> No.54861589

Labralol

>> No.54864614

>>54855653
Gensler himself called most crypto commodities in 2018 when he was teaching blockchain.
The cocksucker couldn’t even say eth was a security to retain SEC power because he would be lying to congress.
Only governance tokens are securities or tokens that represent existing securities.

>> No.54864663

>>54858831
I mean I would like to have it all transparent too. Not just chain link.
However chain link is one of the few cash flow positive networks in crypto and they’re sitting on buttloads of money. Why would they need to siphon link tokens when they’re already making cash to pay people handsomely and grow the network? It would be a stupid way to destroy what they’ve built as other examples have shown

>> No.54864777

>>54859842
You’re braindead.
Chain link token is a commodity as gensler stated most cryptos are. Here’s why:
1. Limited supply and demand of tokens
2. A set amount of Tokens are needed to run transaction validations on the nodes in the network.
Such as iron ore needed to build a building that then hosts activity inside.
3. Tokens are needed to pay for services provided on the network. They provide utility.
4. Owning chain link tokens does not give you “shares” of owning the network.
5. The primary purpose of owning link tokens is to use them to either build services or pay for services, not to hold for price appreciation.
However, as a network grows, services become increasingly used, and users grow.. demand for the tokens grow - with limited supply a natural price appreciation happens. This is the same as oil or any other commodity.

>> No.54864813

>>54864777
checked
link is a security fags btfo'ed

>> No.54864886

>>54854846
They are about to get doomed, sold all my link into ETH a while back, There are just testnet for them. Better to dca into BTC and PEPE for a while to make some quick bucks, easily using my ORE ID