/biz/ - Business & Finance

[Anonymous No.55300509]

there are so many fags on twitter convinced link is going to $1.80-$2.30. they don't even consider the fundamentals, they think it's just a shitcoin on the same level as fucking matic. it's really weird. anyway, just wanted to give ya'll this bottom signal

[Anonymous No.55300528]

>>55300509
They all thought it was going to break $9 weeks ago, now they think it will crash to $2. We'll just keep crabbing for another 6 months.

[Anonymous No.55300539]

>>55300509
The fundamentals are its an unregistered security.

[Anonymous No.55300543]

>>55300509
You know that guy on twitter who rubs his pepe's bellies everyday? We gonna see some shit when he hits day 1000

[Anonymous No.55300575]

You do realize fundamentals are related to cashflow and moat, neither of which chainlink has right?

[Anonymous No.55300597]

>>55300575
/thread

Also, chart

[Anonymous No.55300602]

>>55300509
I bought this shit when it was at $25 so dont fucking tell me it cant go below $1

[Anonymous No.55300603]

>>55300509
I did consider the fundamentals which is that the tokens are not needed

[Anonymous No.55300627]

>>55300509
it is going to 1.80 on its way to 0

[Anonymous No.55300653]

>>55300509
Unregistered security not needed

[Anonymous No.55300680]

>>55300528
Fpbp. I’ve been buying little by little around this price, but I have an inkling that it’s going to be a while before we see any substantial movement up or down

[Anonymous No.55300686]

>>55300509
Can someone explain without FUD preferably why Chainlink has been ranging in the same price channel for 400+ days.

Isn’t that kinda of unprecedented especially with all the latest news surrounding it.

[Anonymous No.55300698]

[Anonymous No.55300700]

>>55300686
I was wondering this myself. Usually I would think that means there’s just no volume, but link is still pulling in the hundreds of millions of dollars of volume every day so that’s not it unless that’s all just bots trading with one another.

[Anonymous No.55300704]

>>55300698
>army of sheep

[Anonymous No.55300792]

>>55300686
>why does a dead shitcoin do dead shitcoin things

[Anonymous No.55300800]

>>55300792
damn the mfer is identical to v chain of all tokens unfuckingreal

[Anonymous No.55301051]

>>55300509
>they think it's just a shitcoin
Right now it is just a shitcoin. I held for 6 years, 1k link, some newfag just spent 80k on a stack and its 20 or 50 times more link than I held for that whole time as a brokie, its demoralizing as shit.

[Anonymous No.55301066]

>>55300686
Yes it's unprecedented. But working with SWIFT to rebuild global finance is also unprecedented. We're up an arm of the river that nobody has ever been, anon. And what is here, is what is here.

[Anonymous No.55301093]

>>55300792
stinkers rekt

[Anonymous No.55301546]

>>55300509
most discussion of link is just in relation to it being a coin and a graph and a trading volume. this is the rare place that discusses it in fundamental analysis terms. and yes its going to the sub 2 dollar range but not because of the fundamentals. last breadcrumb im giving out for a while

[Anonymous No.55301642]

>>55300509
Please, name the fundamentals. Explain how the token price goes up when users pay using dollars, they get converted to LINK in the same block, and the node operator converts it right back to dollars because the services are literally priced in dollars, and the business costs are in dollars, and nobody wants to take unnecessary price risk in their business

[Anonymous No.55301818]

>>55300792
>dead shitcoin

[Anonymous No.55301821]

>>55301642
>and the node operator converts it right back to dollars
You mean exactly like Bitcoin miners do?

[Anonymous No.55301884]

>>55300509
the market not realizing LINK has fundamentals makes it all so tiresome and funny

weve dumped harder because of it, but the floor is higher

[Anonymous No.55301891]

>>55301884
>but the floor is higher
except it's lower

[Anonymous No.55301967]

>>55300509
If nodes are not properly economically incentivized to incur in astronomical gas costs there is a fundamental flaw related to price action. Higher gas, cheaper link and more tokens entering into circulation to be sold for eth are strongly correlated

[Anonymous No.55301973]

>>55301967
>economically incentivized
What do you mean?
Are you talking about node fees being inflationary?

[Anonymous No.55302186]

>>55301973
Nodes are typically bootstrapped by chainlink labs on a gas price basis

[Anonymous No.55302250]

just wait for the next dump, brainlets.
its going to zero within this or the next year!

[Anonymous No.55302261]

The token is not actually designed to go up, they lured you in with your greed and used you

[Anonymous No.55302263]

Kek fuddies
Chainlink is a top5 coin at the minimum

[Jealous No.55302265]

This movie is about Sergei, his business model and ethics, and his six-sided blue jew token: Chainlink. He wants to leave me in Antarctica until the dogs tear me apart and he figured out some way to monetize that. They aren't tearing me apart, however, and his coin is not performing.

[Anonymous No.55302269]

>>55300509
>fundamentals
>on a premined shitcoin
you cucklinkies really need to learn the difference between Chainlink Labs and the link token. the latter was used to pay the millionaire salaries of the first. that's literally it, anything else is just memecoin tokenomics

[Anonymous No.55302276]

>>55302269
Kek 69 fuddie

[Anonymous No.55302285]

>>55302276
>t. bot
>verification not required

[Anonymous No.55302305]

>>55302285
BITCOIN will crush governments
BITCOIN will end bank bail outs
BITCOIN will destroy the FED

BITCOIN is decentralized
BITCOIN is NOT a PET ROCK
BITCOINers are SOVEREIGN CITIZENS they DO NOT pay TAX

TOGETHER

BTC

[Anonymous No.55302309]

>>55302285
Kek fuddie

[Anonymous No.55302314]

>>55301821
Yeah, except that people actually use Bitcoin for holding value. It is a money, even though it's volatile but it has an inherent purpose. So people who want to transact in Bitcoin, buy it. But people who want to use Chainlink, do not buy it. They buy it the moment before they use it without knowing, and it will probably get converted in the same fucking block by the nodes. You get the difference?

The business risk is insane for any node operator who just keeps the LINK. Imagine you make 10mm$ of revenue in LINK, then it goes into a bear market like right now and loses 70% of value in 18 months. Now you calculated with 10mm$ but now you only have 3mm$. You have bills, probably salaries, taxes, and you're probably bankrupt when this happens. So of course, if this shit is done on a major scale and revenues get this big, they will try to do a flash loan type deal where the LINK is instantly converted during payment, probably all in one block which will literally not affect price, just give up some fees to uniswap. Nice dogshit design, and you can't refute it.

[Anonymous No.55302324]

>>55302305
>bitcoin
no thanks

[Anonymous No.55302423]

$1k eoy

[Anonymous No.55302539]

>>55302314
Linkies BTFO

[Anonymous No.55302589]

>>55302314
>Bitcoin holds value because people hold it
The same is true for literally any investment.
Absolute toppest of peak midwit.

Also, brave instant goalpost move away from "miners sell".

[Anonymous No.55302590]

>>55302314
>then goes into a bear market like right now and loses 70% of value
This business risk applies to bitcoin too

[Anonymous No.55302600]

>>55302589
>what are LINK's fundamentals
>instead of answering that, lemme ask you what about BTC's fundamentals?? huh?? check and mate fudder!
so you're indirectly admitting your shitcoin is worthless

[Anonymous No.55302612]

>>55302600
The guy didn't just ask what the fundamentals were, he also claimed it's bad that nodes sell their rewards.

[Anonymous No.55302621]

>>55302612
isn't this you?>>55301821

[Anonymous No.55302624]

>>55302314
Why did you use "mm" for millions and put the dollar sign after the numbers?

[Anonymous No.55302625]

>>55302621
Yes.
Replying to that guys statement that it's bad that nodes sell their rewards.

[Anonymous No.55302628]

>>55302625
the guy asked you to name LINK's fundamentals, instead of doing that you retort with "what about muh BTC"??

[Anonymous No.55302631]

>>55302624
>M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million
commonly used in finance, now the putting the dollar sign first indicates he's not from the US

[Anonymous No.55302632]

>>55302628
>the guy asked you to name LINK's fundamentals
And in the same post he also literally asked "Explain how the token price goes up when (...) the node operator converts it right back to dollars".

Which is what I responded to.

[Anonymous No.55302636]

>>55302632
>name the LINK fundamentals
>"what about BTC bro???
so you can't name them, gotcha

[Anonymous No.55302639]

>>55302636
I literally answered a specific question he asked.

[Anonymous No.55302643]

>>55302639
and you literally conveniently ignored the most important question he asked
>name the LINK fundamentals
>m-m-muh BTC!!1

[Anonymous No.55302669]

>>55302600
>>55302621
>>55302628
>>55302631
>>55302636
>>55302643
Holy pilpul

[Anonymous No.55302676]

>>55302669
>name the LINK fundamentals
>hoooly pilpul, stop asking these questions you kike nigger jew!
lmao, linkies suck at astroturfing

[Anonymous No.55302695]

>>55302186
Bitcoin miners have been bootstrapped since day 1.

[Anonymous No.55302716]

>>55300509
No one uses Link. The crypto utopia never arrived because it was artificially pushed. Bitcoin will be the only survivor. FTX exposed the underlying rot in crypto. The ponzi is collapsing. Also, OP is a massive faggot.

[Anonymous No.55302722]

>>55302716
>No one uses Link.
fucking lmao

[Anonymous No.55302731]

>>55302722
None of that shit is used in any real way. It's all artificial. It's a ponzi.

[Anonymous No.55302735]

[Anonymous No.55302741]

>>55300509
>>55300509
I am not bullish, I am beyond bearish.
Chainlink is a globohomo shitcoin of the highest order and is going straight to zero.
Their days of shitting up biz with their astroturfed psyops are over. They've been found guilty of using DARPA bots, paid shills and sybil attacks to push the WEF agendas, and for that they will pay with their miserable life.
The shills and bagholders will be financially EXTERMINATED and there is nothing they can do about it except watch in horror as it all comes tumbling down. The ride ends here for linkies, the game is over for them.

[Anonymous No.55302742]

>>55302735
>None of the large DeFi projects is willing to integrate Chainlink
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA(pic related)HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>>55302731
boomers say the exact same thing about Bitcoin

[Anonymous No.55302760]

>>55302742
>boomers say the exact same thing about Bitcoin
Boomers are idiots. Bitcoin is decentralized. The rest of the shitcoins like Link are centralized and controlled by jew-types looking only for shekels.

[Anonymous No.55302776]

>>55302760
>Bitcoin is decentralized

[Anonymous No.55302875]

>>55302589
I didn't move the goalpost away from miners sell. Yes miners sell, like node operators of Chainlink sell. The difference is that the fucking point of Bitcoin is to be money, to be bought, held and used. The point of Chainlink is only to be used in the network, but it's a 0 sum equation even if quadrillions flow through it. In the end the of the day, the only thing that matters is that dollars change hands, not link.

[Anonymous No.55302886]

>>55302875
>to be bought, held and used
And by "used" you mean moved from A to B.
Buying, holding, and moving from A to B is the exact same use case as literally every investment ever in the history of the world.

[Anonymous No.55302907]

>>55302875
BITCOIN was responsible for saving the Canadian Truckers when the JEW BANKS FORECLOSED ON HONEST CANUCK FAMILY MORTAGES YOU STUPID FUDSTER AND IT DID THIS BECAUSE BTC IS DECENTRALIZED AND BITCOIN MINERS DO NOT PAY TAX TO THE GOVERNMENTS ON ACCOUNT OF THEM BEING SOVEREIGN CITIZENS.

HONESTLY. WHY DO I SHARE THIS SPACE WITH RETARDS THAT DONT KNOW THE FIRST THING ABOUT BITCOIN?

TOGETHER.

BTC.

[Anonymous No.55302938]

>>55302590
Exactly, which is why miners sell instantly for their mining activity. Now, some miners might also speculate on Bitcoin and then just continue holding Bitcoin. But this is separate from the business, they are free to do this with profits but then the risk is taken out of the business operation of mining. A Chainlink node operator could do the same, but he would still have to sell a big portion if not everything first to make sure the business does not go bankrupt. Banks do the same thing. They give out a loan for an interest rate for 10 years. This interest rate is higher than the market 10y yield. So what do they do? They lock this margin in to protect themselves from falling interest rates, they basically take out a loan at this 10y yield. Then they made a profit, given the dude pays back but the risk of that is already in the margin so on a large scale it is accounted for.

[Anonymous No.55302942]

>>55302938
>A Chainlink node operator could do the same, but he would still have to sell a big portion if not everything first to make sure the business does not go bankrupt.
How is this different from Bitcoin miners?

[Anonymous No.55302962]

>>55302942
BITCOIN is decentralized and participants in the BITCOIN decentralized network are sovereign citizens engaged in counter cultural practices against the governments of the world.
Stand back in awe of what SATOSHI accomplished mouthbreather

[Anonymous No.55302971]

>>55302962
>BITCOIN is decentralized
That has nothing to do with my question.

Also, >>55302776

[Anonymous No.55302997]

>>55302942
All I'm saying it, yes on the node operator/miner side it's the same. But it's all about the buyers side. Where does the demand shock come from which isn't instantly turned back into supply? This is what happens in Chainlink. SWIFT does a CCIP transaction, they pay in some stable coin, it's bought / sold instantly on the market. The only one profiting here is the fucking exchange. I guess that would be the value prop? Providing liquidity for the conversion? But you wouldn't even need much liquidity if transactions were bundled and fast as fuck. You would only need exactly the amount of LINK that could be the biggest fee that's paid at once. Then dollars go in, buy some LINK, node sells the link, price impact 0. Next

[Anonymous No.55303001]

>>55302971
SOVEREIGN CITIZENS DO NOT PAY TAX TO SUSTAIN THE BITCOIN NETWORK YOUR LAWS DO NOT APPLY TO BITCOINERS BECAUSE BITCOIN IS DECENTRALIZED AND BEYOND STATE CONTROLS OVER 9000 CANUCK TRUCKERS AND THEIR PROUD FAMILIES WERE LITERALLY SAVED BY BITCOIN
KNOW YOUR PLACE SHIT COINER

[Anonymous No.55303004]

>>55300575
They think anonymous breadcrumbs and tweets about organizations trying the system for free are fundamentals. It's a shitcoin price checking service.

[Anonymous No.55303012]

Actually let's be fair: there's 2 value props for LINK. BUILD airdrops and staking. But both seem very questionable to me, to be honest. I don't yet understand why staking needs to be done with LINK. It has literally only downsides. If LINK moons, your staked LINK's return drops low as fuck and you have huge opportunity costs. If LINK dumps, now the network itself is at risk because it can be economically rational to accept a bribe which wasn't economically rational before.

[Anonymous No.55303039]

>>55303012
>there's 2 value props for LINK
>both are 2020 defisummer ponzi shit
Staking your beefynoodles tokens for pikachufart token rewards stopped being cool 3 years ago.

[Anonymous No.55303051]

>>55302997
>yes on the node operator/miner side it's the same
Then why did you pretend Bitcoin miners don't have to "sell a big portion if not everything first to make sure the business does not go bankrupt"?

[Anonymous No.55303063]

>>55303001
This discussion is about Link nodes vs Bitcoin miners.

[Anonymous No.55303068]

>>55300509
Test

[Anonymous No.55303077]

>>55303063
When SATOSHI premined BITCOIN he did so for the GOOD OF HUMANITY AS ITS DESIGNATED SAVIOR
LINK on the other hand is a premined scam

[Anonymous No.55303081]

>>55303077
See >>55303063

[Anonymous No.55303099]

kek

[Anonymous No.55303103]

>>55303081
ARE U A BOT? SATOSHI was the SECOND COMING OF JESUS chainlink nodes are not so they have to premine and sell
BITCOIN miners are tax free so miners are not obligated to sell

[Anonymous No.55303104]

>>55300686
Its suppressed artificially by people with deep pockets. CZ is one of them but this shit runs deep. Any other answer given is either naive or meant to lead you away from this conclusion. This answer is consistently met by calls of “schizo”, and “meds” by the people who are clearly paid to fud the project, as is their job.
>Zeus Capital
>Nexo
>Conveniently timed BTC dumps
>consistent misreported information throughout LINKs history
>Binance going down for maintenance at LINK resistance numerous times
The list goes on. Enjoy this meme video.
https://youtu.be/8nEPWUFgfvk

[Anonymous No.55303107]

>>55303103
That has nothing to do with the nuts and bolts of node rewards vs miner rewards.

[Anonymous No.55303116]

>>55303104
Imagine being dumb enough to believe anything you just said.

Seriously though /biz/ has a collective IQ lower than r/cryptocurrency

[Anonymous No.55303125]

>>55303107
The difference is SATOSHI was THE SECOND COMING OF JESUS CHRIST and not just some cult leader with a premine

When SATOSHI premined BITCOIN he never sold.

[Anonymous No.55303132]

>>55303104
Its worth noting that i am fairly certain Sergey is aware, and even potentially in on it. I cannot tell you what exactly their motivations are, but i cannot ignore the staggering number of (((coincidences))) that follow LINK.

[Anonymous No.55303147]

>>55303132
Isn't it funny how everything revolving around Link's price action always ends up in elaborate made up conspiracies with no actual proof.

It's almost as if bagholders are incapable of accepting reality, no different than XRP and GME baggies. But atleast the latter are actually owning shares of a profitable company

[Anonymous No.55303148]

>>55303116
Imagine not seeing it. It’s impossible if you are paying the slightest bit of attention. The only reason people dont voice this opinion more is because its met by ridicule every time, and thats by design.
>The vaccine is safe and effective and LINK is not suppressed
Sure thing buddy

[Anonymous No.55303161]

>>55303107
Just wanna add this pic to the discussion

[Anonymous No.55303171]

>>55303148
why the fuck are you mentioning the vax? I'm not even vaxxed.

You're delusional because you're not being objective about your investment price performance. This is a common denominator among ALL crypto communities. You can find the same non-sense on crypto subreddits like VeChain, ShibaInu, IOTA and Cardano.

[Anonymous No.55303261]

>>55303125
>When SATOSHI premined BITCOIN he never sold.
kek source?

[Anonymous No.55303270]

>>55303147
If there was proof it would be a very shittily executed scam now wouldnt it? These people aren’t dumb, they dont leave proof, just mountains of evidence. Low IQ people who took the jab can’t connect the dots.

[Anonymous No.55303273]

>>55303051
Are you mentally retarded? Lmao this is like watching a retarded nigger taking an IQ test and failing miserably

[Anonymous No.55303291]

>>55303171
Im mentioning the vax because your arguments are identical.
>heres mountains of evidence the jab is unsafe and ineffective
>durr show me a Fauci reviewed study that says that!
>umm, why would that exist?
>see! Antivaxxers are schizo dummies!

[Anonymous No.55303297]

>>55303273
Anon, the guy I'm talking to literally agreed with me: >>55302997
>yes on the node operator/miner side it's the same.

[Anonymous No.55303302]

>>55302942
>>55303051

Read the first word of this you dumb retarded nigger shill >>55302314

Where the fuck do i disagree and "pretend"?

[Anonymous No.55303308]

>>55303261
You realize Bitcoin is a public ledger, right? Go look at Satoshis wallets.

[Anonymous No.55303313]

>>55303302
Holding things for value is the definition of all investments.
Imagine trying to present this as a unique benefit of Bitcoin lmao

[Anonymous No.55303321]

>>55303308
>Go look at Satoshis wallets.
Protip: literally nobody knows exactly what wallets are his.

[Anonymous No.55303331]

>>55303261
BITCOIN is decentralized. That's proof enough for me. I don't need to investigate I trust the experts in decentralization, BITCOIN MINERS.
Arise SATOSHI AND RID us of these shitcoiners

[Anonymous No.55303346]

>>55303313
Okay, so the point of the LINK token is to be a store of value then, correct? It's no different than Bitcoin? But what makes Chainlink special, it's an ERC-20 token?

[Anonymous No.55303364]

>>55303346
>what makes Chainlink special
Its use case.

>it's an ERC-20 token?
And cash is made from cotton.

[Anonymous No.55303441]

>>55303364
No no i understand the use case. It's about creating the right incentives and a game theoretical system where good behavior is rewarded so much and bad behavior is punished so much that basically only honest participation is rational, unless you don't care about costs and basically engage in financial terrorism. But I don't understand why the token is needed unironically for this, it seems it makes it a hassle more than anything.

[Anonymous No.55303463]

>>55303441
>hurrr why is token needed???

[Anonymous No.55303478]

>>55303463
Please answer the question. Is it needed by mandate and therefore just accepts the disadvantages of higher costs and higher risk, or are there fundamental reasons for the token?

[Anonymous No.55303482]

>>55303478
>Please answer the question
fucking why?

[Anonymous No.55303512]

>>55301818
>explores
>experiments
>pilots
>trials
>$5

[Anonymous No.55303515]

>>55303482
Why do you mock the "token not needed" thing when you can't answer the question? Have you considered that you are wrong?

[Anonymous No.55303522]

>>55303515
>pls argue with me
lol

>>55303512
You're right, it's nothing haha

[Anonymous No.55303534]

>>55302624
5$ = 5 dollars
$5 = dollars 5
Which one makes more sense? Do ameriburgers really

[Anonymous No.55303555]

>>55300575
>Chainlink has no moat
My man, Chainlink doesn’t have any competitor right now. It is the Coke of oracles and no one even came close to invent Pepsi.
>inb4 no one uses oracles

[Anonymous No.55303556]

>>55303515
It’s been explained a million times for many years, including by Vitalik.
If you’re still asking this today, you’re either a raging newfag who can’t google, or a pilpulling kike.

[Anonymous No.55303582]

>>55303534
$5 makes more sense because dollars are American and that’s the American way so jeets who write 5$ are doing it wrong

[Anonymous No.55303609]

>>55303556
kek, okay explain it then. the reasons that tokens give for their existence are always extremely vague. they basically boil down to muh governance and muh fees. there's no fee sharing in LINK, there's no governance in LINK. just inflationary staking, but that's a circular argument and invalid, and once the "real" staking happens my argument it's better to put stable assets at stake instead of a useless token

[Anonymous No.55303623]

>>55303609
sybil resistance

[Anonymous No.55303624]

>>55303609
>chainlink token is useless
Then why have you been posting in and monitoring this thread for hours?

[Anonymous No.55303634]

I bought it at $39

Realistically...will I ever get my money back?

[Anonymous No.55303725]

>>55303624
because I am betting against Chainlink because I believe i am objectively right. i like oracle networks and think they're useful. but i think they can be more efficient using another asset, i don't see the reason for a relatively centralized and tiresome asset that introduces extra hoops and difficulties.
>>55303623
what do you mean? you can make a sybil resistant network by having participants put dollars or fucking gold at stake. i think having a shitty token is actually worse for Sybil resistance, because once it drops in value, there's less to lose and it becomes profitable to lie about data like price data or some boolean outcome

[Anonymous No.55303753]

>>55303555
I was gonna post this but he's absolutely trolling

[Anonymous No.55303777]

>>55303725
>likes oracles
>makes a unique bet against Chainlink
Weird.
Why not bet against something like ADA or XRP? Their relative valuation is much higher, and their use cases are absolute trash.

[Anonymous No.55303795]

DR;NS

[Anonymous No.55303858]

They have the semi-decent pilpul fudders active in this thread. I’ve noticed they use these before major events happen. I’m going to buy more on Sunday, hopefully it dips down more.

[Anonymous No.55303894]

>>55303777
checked :^)

[Anonymous No.55304228]

>>55303777
Not betting against chainlink's software or network, just the token isn't really needed that's all. what's gonna happen is
>ayo 10 node operators i need some reliable dudes to give me this data for my smart contract
>okay dear sir that will be 100$
>shiieeeet i only have 80$
>no problem bro, just give us 80$ and instead of giving 20$ to uniswap just give us the 80$ dollars directly

[Anonymous No.55304265]

>>55303725
>what do you mean? you can make a sybil resistant network by having participants put dollars or fucking gold at stake
Who would be enforcing the stakes?

[Anonymous No.55304272]

>>55304228
This is like the third or fourth time you switched to the wrong ID lol

[Anonymous No.55304274]

why are you wasting time arguing with paid advocates? you're playing their game you retards, you keep their shill threads bumped at all times and contribute to the astroturfing raid

[Anonymous No.55304303]

>55304274
Kek fuddies

[Anonymous No.55304343]

>>55304272
I'm not switching ID's on purpose i don't really care, I'm obviously not trying to hide because i am not pretending to be multiple people, i just keep responding like i would with the same ID, and the arguments stand for themselves
>>55304265
What do you mean? A smart contract would. You can put anything you want at stake, stablecoins, ETH, gold tokens, etc. It makes sense to pick a very stable assets to use as collateral.

[Anonymous No.55304362]

>>55304228
dollar sign goes before the digits, bro

[Anonymous No.55304368]

>>55304228
nah dude u messed the FUD up
you're supposed to say the extra link will come from the treasury, adding to token inflation

[Anonymous No.55304393]

>>55304343
>You can put anything you want at stake, stablecoins, ETH, gold tokens, etc.

[Anonymous No.55304418]

>>55304393
>large market cap
how large we talkin here

[Anonymous No.55304423]

>>55304343
>stablecoins, gold tokens
Those have intricate backend systems of their own, very often using Chainlink lol
Using those would mean compounding complexity and attack vectors, it's a retarded idea.

>ETH
Except the creator of ETH says Link needs its own token.

[Anonymous No.55304427]

>>55301051
You dumb bitch why didn’t you sell when it was $50? You have to take profits retard. You would get fucked just as badly in the stock market too.

[Anonymous No.55304428]

>>55300509
Based!
A winner is you!

[Anonymous No.55304466]

>>55304393
this is what I mean, you can literally put anything at stake for Sybil resistance. It's literally a method of resistance, there are many others. What you're basically trying to do is to identify parties and hold them accountable. This can even be done by KYC and Proof of authority, which Chainlink admits to relying on anyways. They literally call it FFO, read the white paper unironically. This is already so much implicit stake that you don't need insanely high explicit stakes to begin with, and it makes more sense to simply use other valuable and stable currencies which have universal utility. Ask yourself: would you trust a dude to execute some extremely high value transaction for you and as a sort of guarantee, he puts his own shitty token at stake which is only valuable in the context of the transaction itself?

[Anonymous No.55304507]

>>55304343
>You can put anything you want at stake, stablecoins, ETH, gold tokens, etc.
A large part of the point behind a proprietary token is the price should be able to crash when something gets exploited or fails, that way everyone involved tries their best to prevent exploits and failures.
You’re too dumb to be real, and also a huge samefag.

[Anonymous No.55304575]

>>55304466
>you can literally put anything at stake for Sybil resistance
No you can't.
The idea is to prevent any attacker(s) from gaining the majority of tokens.
Obviously this is made easier with a dedicated token, and is almost impossible with external assets.

[Anonymous No.55304600]

>>55304575
Crikey, thanks for this. I literally just realised the reason everything has to be paid or converted into Link is because anything else could potentially be bullshitted or counterfeited

[Anonymous No.55304631]

>>55304575
Its not just an unneccessary expense to placate sackmasters

[Anonymous No.55304633]

>>55304507
>>55304423
my people, this is not the point. read the fucking white paper I'm telling you, they don't even mention the token, they don't talk about any aligned interests of price movement. the white paper goes into so much detail about the economics and it's always priced in Dollars. In fact they don't mention LINK in the fucking economics section, at all! it works without the token better than it works with the token. it's not about keeping the token price stable, because the token price is not connected to the security or the value of the network. The token can simply dump because of random market conditions changing or some big holder being forced to liquidate for completely unrelated reasons, see Robinhood, Binance, but even smaller or bigger events are thinkable. In the end it's about protecting the nodes from accepting bribes from outsiders. You protect yourself from that by making sure that what's at stake has a high and stable value. You could even use a basket of assets if you wanted. There is nothing inherently better about the token, actually just worse. I don't want to pull this card but i work in finance. This is a very simple concept. Banks and financial institutions have to keep certain metrics, like LCR. Now just read through the documentation on what LCR is and what HQLA's are. The TLDR is, volatile and illiquid assets are not suited to be used as collateral if something like a bankrun or a big payout happens. Instead, only cash, certain bonds and certain funds count as HQLA all with different weights and depreciations. In staking, LINK is essentially collateral and in the case that it's protecting against, that stake is slashed and basically liquidated. What happens when that happens? The price dumps because there's no liquidity and what you have left is worthless, it was all a fake protection. This is why dollars or something else much more liquid and universally accepted is better as a stake

[Anonymous No.55304636]

>>55304600
the student becomes the teacher

[Anonymous No.55304692]

>>55304575
Whoever holds a majority of tokens in Chainlink doesn't matter, Chainlink is not a blockchain where being a validator or miner gives you power. It's about bribing and manipulating nodes to publish fraudulent outcomes. The idea of quadratic staking is pretty neat although not fully developed to be honest, I still don't how second tier nodes are incentivised to be honest when an alert happens, but if it works the stake actually doesn't have to be that big as you probably know. But again, this bribing attack can only happen once the staked asset is dumping and illiquid aka worthless in the first place. If the value of the stake falls by 90%, now a bribe of 20% of the original stake sounds like a pretty good deal to exit this shit altogether. Just think a little bit economically: You give out credit and want some collateral. Do you accept some volatile shitcoin in an escrow account or do you accept dollars in an escrow account?

[Anonymous No.55304711]

>>55304692
you people keep talking about how "link isn't a blockchain" like it matters in the slightest
the whole point of chainlink and CCIP is that muh blockchain is a meme. the whole idea of a blockchain can be abstracted away, and that's what we're going to see happen over the next few years

[Anonymous No.55304742]

>>55304711
if you're smart enough to understand that, why are you still responding to utterly transparent fud posts?

[Anonymous No.55304778]

>>55304633
>>55304692
It's the absolute basis for blockchain security, dumbass.
Take it up with Vitalik and Schmidt.

[Anonymous No.55304992]

>>55304778
why do you not argue the points and revert to vitalik and schmidt? both of them were wrong thousands of times in their lives, are you one of those "trust the experts" people?

[Anonymous No.55305769]

>>55300602
It can't go below $1

[Anonymous No.55305910]

>>55304992
I only don't trust 'experts' who are clearly incentivised to have a certain opinion. In the case of Chainlink, there are too many independent bigbrains whose opinion aligns with Schimdt's and Vitalik's. We also see the rapid expansion of the company, and the ever increasing partnerships and we see this is set to be the investment of a lifetime. I'm fully bagged and am ready for my moonship to blast off, leaving anyone who didn't believe grovelling in the dust and whimpering. You will be one of those whimperers, and we'll forget all about you as we trip the light fantastic, living life to the full and generally being adored by the rest of the world.

[Anonymous No.55305937]

>>55305910
ok why doesn't vitalik own LINK? where are the big brain buyers? it only seems to be sold off

[Anonymous No.55305942]

>>55305937
Shhhhhhhhhh let the chaincuck cope he bought at $50

[Anonymous No.55305989]

I just think the token is neat. I am going to buy more.

[Anonymous No.55306006]

>>55305937
pretty sure someone showed one of his wallets one time and it had a good chunk of link in it lol

[Anonymous No.55306130]

>>55305937
>why doesn't vitalik own LINK
Did he tell you that? Kek

[Anonymous No.55306230]

>>55306130
>>55306006
can you show his wallets? i know that his wallets are public but can't find them

[Anonymous No.55306271]

>>55306230
vitalik.eth he only owns what is sent to him other than his initial eth premine. He doesnt want his financial affairs aired out for the whole world to see

[Anonymous No.55306387]

>>55305910
>partnerships
>strong fundamentals
>tech is solid
>experts are backing it

[Anonymous No.55306818]

>>55300575
not sure if paid-shill PilPul or just a genuinely retarded dunning kruger fag

[Anonymous No.55307164]

Token not needed

[Anonymous No.55307241]

It can easily go to zero because it has no intrinsic value

[Anonymous No.55307394]

>>55300509
if dubs I buy another 10k LINK

[Anonymous No.55307430]

>>55303623
>sybil resistance

[Anonymous No.55307460]

>>55300539
Not according to sec :)

[Anonymous No.55307540]

>>55307460
The SEC believes that LINK is a security. They didn't mention it is because it's a WEF globohomo coin.

[Anonymous No.55308066]

>pls sirs argue with pilpul_bot 2.0 for free as part of our calibration and testing phase
no lol

[Anonymous No.55308201]

>>55307394
if trips i buy 10k link rn

[Anonymous No.55308213]

>>55307540
oh ok

[Anonymous No.55308957]

>>55300509
B swan is the better play. Its at a low right now and a new phase was just released.

[Anonymous No.55309664]

>>55302938
This is exactly why banks in the us started going under. Not enough liquidity because their assets were locked up and going down and to the right.

[Anonymous No.55309693]

>>55304992
Sybil resistance is the point, dumbass

[Anonymous No.55309716]

>>55301642
Are these those special dollars with transfer & call functionality?

[Anonymous No.55310001]

Oops just another 70 million link dump!

[Anonymous No.55310953]

>>55307394
I won't do that after seeing this.>>55310001

>>55305910
We wish you guys nothing but the best in the stable price variance while we focus on other innovative projects like Peaq Network, Sol, Iotex, and many others that focus on DePIN solutions that can yield a better ROI.

[Anonymous No.55310990]

>>55300602
Maybe you forgot that the SL feature exists in trading. Why are 4chan biz so easily lured and convinced into holding by those pajeet and probably get dumped on? Oops, so you're among the bagholders keeping the project alive for whales to leverage on and still get dumped on you?

[Anonymous No.55311010]

>>55310001
jesus, sell into BTC. At least Blackrock is trying to pump bags, instead of these retards who just keep dumping for no benefit to holders

[Anonymous No.55311335]

>>55300509
I'm a stinker with the plug halfway out my head already. But what's the answer to the "fundamentals"? Every time I scroll other projects through the top 50, I really don't find others, let along outside the top 20, who have an innovation pipeline, or staff, or partnerships/proximity to large banks, tradfi, commerce.

I've asked this in the past actually and got no replies but it's the reason why I have residual conviction. What are these projects and partnerships elseswhere in the space that compare to LINK's that I'm blind to in this echo chamber?

[Anonymous No.55311385]

>>55310001
>>55311010
you realize every coin, including bitcoin, is constantly dumping coins on the market, right

as rory said, link's rate of inflation is actually low compared to most

[Anonymous No.55312104]

>>55311385
>staking yield worse than inflation
>token down $2 since staking launched

Fuck off

[Anonymous No.55312113]

>>55312104
Jew... Tell your boss you are incompetent and should rather be deployed on reddit or twitter. You lack the comprehension for an imageboard full of jew hunters

[Anonymous No.55312119]

>>55312113
Shut up retard, this is an adult conversation

[Anonymous No.55312512]

>>55300509
every crypto is a shitcoin retard

[Anonymous No.55312528]

>>55312113
>ID
400 IQ jew hunter confirmed

[Anonymous No.55312537]

>>55312104
Two goalposts moves for the price of one.

[Anonymous No.55312787]

>>55309716
this transfer and call functionality is simply some technical detail that any token can have, literally not a point for LINK

[Anonymous No.55312807]

>>55300509
It is a SHITCOIN

[Anonymous No.55312914]

>>55311385
25% over 2 years is a lot for non scams, especially after 4 years of mainnet
This is the point in time where they are supposed to be making gains

[Anonymous No.55312963]

>>55312914
>you can't make gains if you dump a lot of tokens!


>>55312787
>transfer&call is just a detail!
Except no other token has it. You'd have to remint every token you want to use for t&c.
Also, Chainlink has built extensive infrastructure (including cross-chain) around their specific token. You'd have to rewrite and customize everything for the specific token you'd want to use instead of Link.
Or you can just, you know, use the token that's already there, built into the system from day 1, and makes everything easier for everyone; most of all the actual nodes that will be doing all the work.

And that's just the Transfer&Call argument.

[Anonymous No.55312972]

>>55312807
Is that Clint Eastwoods son?

[Anonymous No.55313207]

>>55312963
CLG is on the loose again!
>>/biz/image/Eds9xKWu4wr9Cuje0UPdTA

[Anonymous No.55313582]

Whether the token is needed or not is irrelevant in light of the fact that is tied to the price of a cup of coffee.