LINK is a doomed shitcoin

[Anonymous No.8118850]

Your DAILY reminder that the reason LINK is shilled here is because no one else will ever buy it after Sergey stole a bunch of redditeurs' ethereum during ICO
https://www.reddit.com/r/ethereum/comments/713y2a/potential_chainlink_ico_deception_chainlink/

[Anonymous No.8118942]

can you summarize that long shithole reddit thread pls

[Anonymous No.8118984]

Weak FUD. Stay poor, faggot. 1000 USD EOY. Lambos. Hot Bitches. Retirement.

[Anonymous No.8119015]

>>8118942
>https://www.reddit.com/r/ethereum/comments/713y2a/potential_chainlink_ico_deception_chainlink/
Sergey lied about how much LINK would be available during presale ICO then gave 90% of it to a whale. Didn't rejected redditeur's ethereum after they overpaid the cap, so LINK got a ton of extra ethereum and didn't pay the redditeurs their tokens. That's why reddit/every other crypto website no longer talk about chainlink and it's only shilled here because there's a bunch of low-info newfriends to shill the bags to.

[Anonymous No.8119157]

>>8119015

[–]sergeynazarov
14 points 5 months ago*
Hi everyone, we're saddened to hear that you're upset about not being included in our crowdsale, we did indeed have a lot of interest that we weren't able to fulfill even though we did our best to implement a process that gave each participant an individual cap.

In order to include more people, we considered raising the dollar cap like other projects, but that seemed like something that would be strongly disliked by the larger community, as it has been with other projects.

In choosing to keep our $32MM dollar cap, in conjunction with the rise in ETH price, we ended up giving all token sale participants approximately 30% more LINK per ETH than we originally planned when pricing the token sale at a lower price back in July. Instead of the 2000 LINK per 1 ETH initially planned we ended up giving our token sale participants 2600 LINK per 1 ETH, to their benefit, allowing them to capture the gains in ETH price, by us choosing to stay at our $32MM cap. We feel that sticking with the cap we mentioned earlier was indeed the more ethical thing to do, even if it meant we raised less ETH.

Because the Ethereum price rose, we had the choice of either increasing our dollar cap (something which would be unpopular with those in our crowdsale), or giving the dollar gains back to our token sale participants by giving them more LINK for every ETH sent. It is this choice to the benefit of our token sale participants which resulted in us being able to take in less ETH during the crowdsale. We didn't feel that shifting the increased dollar costs of a LINK token over to our token sale participants was the right thing to do.

...

[Anonymous No.8119178]

>>8119015
...

In order to reduce the effect of a rising ETH price before the crowdsale, we did try to set the dollar rate for ETH back on Friday September the 15th to an average of $220, based on the recent drop in ETH price during that time. After listening to feedback from the community about this being an unpopular and uncommon decision, we chose to listen to their requests for setting the ETH price closer to the crowdsale date. Since Friday, the ETH price has had a ~30% increase to $285, which together with us maintaining a $32MM cap to the benefit of our token sale participants, led to less LINK being available for sale per ETH. We did try to work through this before the crowdsale, but the setting of an ETH price even a few days before the crowdsale is something that the larger community seemed against, leading to us adopting their suggestion of setting the ETH price closer to the crowdsale date.

We're sorry that some people weren't able to be included in our crowdsale, we did try to address this issue as best we could, and we do very much appreciate all the support we've gotten so far. Looking back over all this, we do feel that the ethical thing to do was to stick by our dollar cap, even if that meant us having less ETH than we initially planned.

Edit: We previously stated that the presale would be part of the crowdsale, which was something that the community in our slack wanted us to comment on back in the early days of the token sale, and which was repeatedly mentioned in our slack. We would have been glad to keep the presale entirely separate from this $32MM, because that would have allowed us to raise much more ETH in total, but we made it part of the crowdsale based on what the community seemed to expect from us.

[Anonymous No.8119208]

>5 months old FUD
just bought another 100k stinky linkies

[Anonymous No.8119212]

>>8119015

...

As I look at this now, it seems more transparent to include the presale amount in the crowdsale total, because then there isn't any other amount raised elsewhere as part of the token sale. If we had raised a separate presale amount, then that would add up to much more than the $32MM here, for the same amount of 350MM LINK tokens. I'm not sure why it would be clearer to say we have a seperate presale that isn't part of the crowdsale. It seems to make sense that people would be interested in the total amount raised for the distribution of all the public sale tokens.

Update: We've released the LINK token to all token sale participants at this point, and are working through sending back the ETH sent to us by those who we couldn't include in the crowdsale. We expect to have this additional ETH returned today, or by Thursday at the latest.

> Seems like he returned everyones ETH and everyone was pretty satisfied with sergey's response? am i missing anything beside they had a general mess up in being transparent that the pre-sale was part of the crowdsale outside of slack?

[Anonymous No.8119215]

>>8119015
>then gave 90% of it to a whale.
That's bullish.
I'm a 30k Link holder, but I just bought even more just because of this fact

[Anonymous No.8119250]

>>8119157
>>8119178

[Anonymous No.8119448]

>>8118850

[Anonymous No.8119792]

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!

THIS SHIT IS GOING TO REACH $1,000 EASILY!
HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!