/biz/ - Business & Finance

>>15062163
>Did anyone really expect a philosophy major and a few of his unimpressive resume owning 20-something year old friends to solve the oracle problem?
Unimpressive? Nigger, Ari Juels invented proof of work in 1999, without him there would be no such thing as Bitcoin. Sergey has owned the smartcontract.com domain name since 2008 and was one of the first people to mine Bitcoin. Evan Cheng helped create LLVM(look it up) and is now and engineer at Facebook. Adelyn Zhou is one of the top 10 AI researchers on the planet. As far as blockchain goes, this is the most impressive team by FAR.
Based on this point alone it is obvious you have no idea what you are talking about. If its meant as nulinker repellent, fuck you, im going to ruin it anyway.
>Did anyone expect them to control hundreds of millions in crypto and then not sell?
No, we have been saying this would happen since pre-mainnet. The 300,000,000 tokens reserved for “continued development” since ICO were one of the biggest counter points for “$1k EOY” because it would make Sergey and the team worth ungodly amounts of money at that price. We have known these would be market sold at some point since ICO.
>As it stands Chainlink as a project isn’t even a finished whitepaper let alone some level of functional system.
Pic related. Its already being used, yes there is more work to be done but its already functional.
>Firstly, why would Oracle ever give away 60-75 million dollars of anything to startups?
They wouldnt. We have known for a while now that a large portion of the 350,000,000 tokens reserved for enterprise nodes would be GIVEN away by the ChainLink team to help accelerate adoption. It makes it really hard to not use ChainLink when it costs practically nothing for the big players to get started. These tokens likely arent going to the Oracle startups. This is not news to anyone who has been here more than a couple months.
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