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/biz/ - Business & Finance


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55324746 No.55324746 [Reply] [Original]

>"Chainlink is the standard!"
>Price Feed dominance is eroding curtesy of Redstone Oracles
>Cross-Chain's projected dominance already getting eroded curtesy of BIS confirmed using Quant
>14% to 7% annualized inflation for the next 7 years, meaning we will continuously bleed sats to harder money with better stock-flow ratios
>Staking v0.2 (LMAO) coming out this year, which will only implement withdrawing so we wont get much more supply locked up to offset the brutal inflation.

It's so f****** over bros.

>> No.55324754

>>55324746
Best time to long

>> No.55324759

>>55324746
Not to mention, Swift gets to use CCIP for free

>> No.55324765

>>55324746
Just sold and bought avax instead

>> No.55324813
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55324813

>>55324759
Two scenarios:
1) They may pay with $ but the $ are converted to Link via unlocking the supply (ie it's inflationary). Since node-reputation (part of staking v1.0) isn't yet instated (and no info in sight if it'll be implemented in the medium-term), nodes currently have no incentive to keep ANY of the Link they receive and thus will likely just market-sell it. In other words, the token's are just unlocked and dumped.
2) SWIFT pays for CCIP using tokens they received for free from Chainlink Labs unlocking the supply. Again it's just inflationary dumping.

Here's the real kicker: in pretty much ALL other protocols, their block-rewards (ie. inflationary token unlocks) are shared with the entire staking community. Here, since we only have staking v0.1, the token unlocks are only shared with the elite and privileged few (aka. KYC'd node operators and banks and other traditional finance institutions). So we went from our shitty web2 broken trust society where the elites dabbed on us, to web3 "truth over trust" society where the elites can dab on us again except this time it's cryptographic truth. Fuck you Sergey.

>> No.55324867

>>55324746
sold at 30 dollars maybe will think of buying back in at ico prices

>> No.55324885

>>55324759
Where does this meme come from, any source?

>> No.55324896

Chainlink, taking hard earned lunch money from poor and desperate working class retail to give to financial institutions like swift and billionaires like schmidt so they can buy new yachts

>> No.55324914

>>55324885
Ask yourself why does the team have to unlock 70 million tokens in a year? What are the tokens being used for? To subsidize their services. What does subsidizing mean? It means someone somewhere is using the network for free.

>> No.55324915

>>55324746
>curtesy
>it’s getting over

>> No.55324931

>>55324915
lmao, I genuinely thank you for showing me the error of my spelling. It's been years since i've had to type out that word. Thank you anon :) (seriously).

>> No.55324948
File: 2.33 MB, 498x206, 79164433-A752-4F42-9392-8B2566933268.gif [View same] [iqdb] [saucenao] [google]
55324948

>>55324896
It's investing in
>humankind's future
anon. The elites will have more
>sus tainable
for us. For a
>better
>future

>> No.55324962

>>55324914
>It means someone somewhere is using the network for free.
pay up

>> No.55324998

>>55324962
>>55324962
I know this makes you think you're a chad but it's actually cuckold behaviour. Imagine impotently demanding over and over again that people pay up, only to watch from the sidelines as Chainlink Labs let's them use their services for free over and over again at YOUR expense.

>> No.55325000
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55325000

>>55324998
pay up

>> No.55325044
File: 167 KB, 951x644, FyxH_XQaYAEFzgf.jpg [View same] [iqdb] [saucenao] [google]
55325044

>>55325000
You're the one paying. Pic related. Do you think printing Link from thin air is a free event?

>> No.55325102
File: 97 KB, 555x475, 1675312418680569.jpg [View same] [iqdb] [saucenao] [google]
55325102

>>55325044
Yep guess ya gotta do what ya gotta do