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/biz/ - Business & Finance

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56533459 No.56533459 [Reply] [Original]

>Truth over trust
>get money from customers offchain
>dump tokens for their own profit

How do advocates reconciliate this dichotomy?

>> No.56533473
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56533473

>>56533459
I’m obese and I hold chainlink.

>> No.56533496

>I SAID ADVOCATE AGAIN IM SO FUNNY MOM PLEASE LOVE ME

>> No.56533505

>>56533459
I’m a hatevocate

>> No.56533513

>>56533473
>>56533496
>>56533505

>let's avoid the matter at hands, surely they won't notice

>> No.56533532

>>56533513
Advocates get paid to do damage control while the CLL team dumps millions of link. What’s there to talk about? Why do you think everyone’s been saying they hate advocates as of lately?

>> No.56533540

>>56533459
there's only 90 million left out of the 300 million they earmarked specifically to dump

350 million were sold during ICO

that only leaves 350 million they're using to "incentivize the ecosystem"

what are you confused about anon??

>> No.56533555

>>56533459
he just has to pay node operators 50 million dollars every Friday bro, the same thing it costs to run AWS for a month

>> No.56533567

>>56533540
Almost half of the supply is still locked. You have no proof what the dumps are used for. It's all trust. So no proof they'll stop after the 90 million left as you suggest

>> No.56533593

>>56533540
>there's only 90 million left out of the 300 million they earmarked specifically to dump
You don’t even know if the millions of link they’ve dumped are part of the company or node allocation, there’s 0 info about that. What a trustless way to run a company.

>> No.56533641
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56533641

>>56533567
>>56533593
lmao all it takes is one reddit spaced explanation of the token split and you faggots fall all over yourselves trying to "expose the scam" you do your masters proud

>> No.56533654

>>56533641
i hate advocates

>> No.56533660

>>56533641
um… ok?

>> No.56533669

>>56533641
I hate advoshits

>> No.56533675

>>56533459
Honestly how is this shit not a security? The tokens are dumped for the purpose of getting funding for the company. No different than a stock. Don't even get me started on how Sergey always talks about "value flowing in to this space". We all know exactly what he means when he says that. Sergey likes to talk about single points of failure, but apparently nobody can see the elephant in the room....Sergey himself. You cannot claim Chainlink is decentralized if Sergey has the power to market dump 450 million tokens

>> No.56533704

>>56533641
>no rebutal

Keep trusting the team I guess

>> No.56533713

>>56533675
I remember when staking first released and the team was going to keep linkies’ funds locked up indefinitely. There was a lawyer anon that started stirring the pot saying he was going to report the team for keeping his money hostage and magically the team announced a shorter lockup period a week after. Makes you think…

>> No.56533745

>>56533713
sounds like a not very good lawyer for not reading the contract terms

>> No.56533764

>>56533669
>relaying the communicated token split and laughing at fuddies makes you an advocate
okay
>>56533704
if i had a rebuttal it would be one i pulled out of my ass. even if i had irrefutable proof you'd still brush it off and call me and advocate

>> No.56533779

>>56533745
Contract terms mean nothing if someone gets 10 niggers (sacred cows) to sue your crypto company and destroy your reputation

>> No.56533791

>>56533764
I mean, there's nothing we can say to refute this fud really, the whole token release and offchain fees system is based on trust.

>> No.56533797

>>56533779
not really, it was plainly written what the terms were

>> No.56533805

>>56533797
You’d love for us to think that, right, advocate?

>> No.56533815

>>56533791
there's something to be said about conflating the guarantees of a not-fully-realized technology with how a private company is run but otherwise i agree

>> No.56533827

>>56533805
I'd like for you to seek counseling and stop being mind-controlled by glowies, but it's not really my problem

>> No.56533830

>>56533764
The primordial truths are
>chainlink is centralized as fuck and you have to blindly trust Sergey while he preaches trustlessnes
>chainlink has bad marketing and therefore bad price action, if you’re not here to make money why are you even here, advocate?

I think most anons believed Sergey and are now waking up to the scammy tactics he uses to extract billions of dollars in FIAT for his company and himself

>> No.56533848

>>56533815
>there's something to be said about conflating the guarantees of a not-fully-realized technology with how a private company is run

Not really, if they get fiat offchain through customer fees and through the dumps it is value leaving the network, so they could be corrupting nodes by either sending fiat offchain, the node incentives are not based on the link token value anymore, the network is compromised

>> No.56533859

>>56533827
>it's not really my problem
Kinda disagree advocate, it’s your job to do damage control

>> No.56533867

>>56533830
anyone in this thread who has read all 7 of your seetheposts and still has all their braincells in tact would know you're desperately pushing a narrative.
>no u
>advocate
cry all you like that I read a blogpost and repeated it on /biz/ but i could give half a fuck whether you hold buy or sell

>> No.56533872

>56533459
>56533513
>56533567
>56533704
>desperate fudcuck screeching about avocados all day every day thinks that making a #48257th thread this week will result in anything except being laughed at and called a faggot
you are a faggot
LMAO
all fields

>> No.56533874

>>56533859
I just like trolling you because I know you're easily manipulated

>> No.56533887

>>56533867
>>56533872
>>56533874
advocate has hundreds of ids now

>> No.56533888

>>56533848
this is all covered in a blog post
>all evidence is only more proof of my conspiracy
it's all so tiresome

>> No.56533904

>>56533887
nope, you're just a paranoid faggot

>> No.56533906

basedo LPL kiddos how you doing kiddo?

>> No.56533910

>>56533867
>>56533872
>>56533874
Uh ohhhhh, advocates BIG MAD!

>> No.56533920

>>56533910
>le 2009 trollface.jpg

>> No.56533924

>>56533872
>advocate is too retarded to sage properly
Ooof, no wonder why you’ve lost control of the narrative in here. Takes real brains to control anons.

>> No.56533926

>>56533888
>>56533904
an esl as well? were esls really the one spamming this board for six years

>> No.56533935

>>56533888
>this is all covered in a blog post
No it's not. Nothing against Chainlink themselves extracting value from the network to alter node incentives. There's no penalty system implemented yet, its all reputation and Chainlink is whitelisting nodes

>> No.56533964

I HAAAATE ADVOCATES. LETS FUCKING GOOOOOOOOOOOO!!!!

>> No.56534029

>>56533935
how can the business itself be run by a technology that isn't fully realized yet? how would you bridge the gap between trust and truth for a population with effectively zero understanding of how it works? my guess is you'd court industry giants, perform a proof of concept, convince them it's in their best interest, utilize the trust in their brand to lend credence to yours, and once there's demand you provide the supply to get things running. after that it's just a matter of allowing people to create their own use cases and making sure your product is the backbone of every step.

https://blog.chain.link/what-crypto-is-really-about/
https://blog.chain.link/what-is-cryptographic-truth/

>> No.56534093

wow lets go fudsisters!
im so proud to see us all putting on a united front and fighting back against the chainlinkers!
our arguments dont even have to make sense if we just pretend that its everyone else who is paid to be here!

i believe that we can win!
lets say it together
i believe
>i believe
i believe that we can
>i believe that we can
i believe that we can win!
>i believe that we can win!

>> No.56534098

>>56534029
>how can the business itself be run by a technology that isn't fully realized yet?
It took openAI, a non profit company, one year to build chatGPT with 400 employees and chainlink can’t complete chainlink in 7 years? Fuck outta here advocate, what is Sergey doing with the money from the dumps?

>> No.56534128

>>56534098
>whataboutism
not the same type of product, scope, or industry
>if i keep calling him an advocate fudsisters will take my side

>> No.56534174

>>56534128
Do 7 years to release a software make sense to you advocate? Of course not, you’re not dumb (but you are retarded), you’re just getting paid by the chainlink team to do damage control

>> No.56534194

>How do advocates reconciliate this dichotomy?
It's "reconcile", bro. Isn't there a board in your native language for you to shitpost on?

>> No.56534209

>>56534174
you keep trying to minimize what they're trying to accomplish and for some reason you think insisting i'm on their payroll in every post will misdirect everyone from this fud narrative you're pushing.

>> No.56534271

>>56534209
How many years does it make sense to take in order to develop chainlink to completion?
>inb4 ummm it takes 50 years and Sergey doesn’t owe you anything

>you think insisting i'm on their payroll
Nice doublespeak nigger, you might not be on their payroll but you are paid by them. You can’t fool me, I’m familiar with your game advocate.

>> No.56534284

>>56534271
>double down: the post

>> No.56534304
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56534304

>>56533459
by mass shilling and a huge astroturfing campaign.

Interesting that it didn't work on X or reddit but on /biz/, you know, the place where anyone can post without an account, it's shilled relentlessly. Why is that? Hmm.

>> No.56534309

>>56534284
You didn’t answer the question “fellow anon”, how many years should it take?

>> No.56534327

>>56534309
how the fuck would i know how long it should take? it'll be done when it's done?

>> No.56534370

>>56534327
>it'll be done when it's done
Typical advocate answer

>> No.56534373

>>56534029
You missed my point. There is a value leak from the network. Why aren't they putting the fees onchain and converting to link on chain? Why do they send the link meant for node operators to binance? This has nothing to do with bootstrapping

>> No.56534393

>>56534327
So just trust the team then? No constraints

>> No.56534426

>>56534327
>how the fuck would i know how long it should take?
If Sergey was a trustless person, you would know. But you have to have blind faith in him, not very trustless eh?

>> No.56534461

>>56534370
> i used the advocate word again, that means i win
>>56534373
no idea man. i just like poking holes in low effort fud. send an email to rory
>>56534393
i guess? if it's a deal breaker don't buy or if you already did, sell?
>>56534426
he's a philosophy major. he's not omniscient.

>> No.56534520

>>56534426
My jewish uncle keeps telling me I'll never make it and that he and his friends will suppress the price of link until I'm "ripe for the plucking". What the fuck does that even mean?

>> No.56534551

>>56534461
>no idea man. i just like poking holes in low effort fud. send an email to rory
>i guess? if it's a deal breaker don't buy or if you already did, sell?

So if you admit this is all true why do you still call it fud? Most people in crypto are there for trustlessness, they don't want to have to trust a central authority, especially link marines. It's not fud, we want them to put it on chain. Only someone from the team, benefiting from the opacity wouldn't want that

>> No.56534612

>>56534551
fud stands for fear, uncertainty, and doubt
if that's not what you're posting, what the fuck else do you call it?
you're speaking for an awful lot of people in this post. i hold about ~1200 link. not enough to make or break me come what may but it holds more water than the whole rest of the space imo. the constant crusades against every facet of their product, organization, and even the individual employees is a never ending source of entertainment. the whole thread is calling me an advocate right now but you're all just mad that i don't have the answers that will make you more confident in the link you all obviously hold

>> No.56534657

>>56534612
If you hold link and you are not pushing for more transparency and decentralisation you are either part of the team or irrational. Literally no downside as a token holder

>> No.56534683

>>56534657
guess i'm irrational by your standards. it would be nice to see but not a dealbreaker. i have a suicide stack of a number of other assets but i find it curious that no other token gets as much rabid scrutiny as link does. curious why that might be

>> No.56534700

>>56534657
side note: bitching on /biz/ and calling random anons advocates doesn't count as "pushing for more transparency"

>> No.56534752

>>56534683
Because it's the only token needed after btc and eth which were the first in their respective domains as well. But that is only if the team doesnt get greedy and actually decentralises, but now that they're getting really close and comfy with tradfi there can be the temptation so there's a real risk they fuck it up. And no they can't be trusted completely remember Sergey at the ICO he fucked up retail to the benefit of institutional investors and went back on the number allocated to retail to the benefit of institutiond, also they got sdl tokens from when linkpool rugged and are still on their council. If you are actually new to this be careful.

>>56534700
Yes it actually does

>> No.56534795

>>56533459
That's not a dichotomy.

>> No.56534800

>>56534752
well at least you're honest. more than i can say about the rest of the anons in this thread. i don't think their ideals make them infallible but i also don't think lack of transparency means they're guilty by default either. tokens are not stocks and until they're fully regulated (which most of /biz/ seems to outwardly hate but demand the protections they afford) we'll just have to deal with things as they are.
also, no it actually doesn't.

>> No.56534899

>>56533459
>provide the single best product in the entire sector for your customers
>do it for free for years
>continue to provide that service in a way that all of your customers are profitable indefinitely
>never make a single mistake as all your competitors fail to various flaws
>people call you a scammer
what an absolute classic. literally never gets old

>> No.56534969

>>56534899
>>do it for free for years
>>continue to provide that service in a way that all of your customers are profitable indefinitely

All at the expense of token holders. This is value that should have been flowing to the network. You might think it's a needed sacrifice because you have some weird unwavering faith in the team but don't be surprised when holders come complaining and ask for receipts (yes it's a figure of speech)