/biz/ - Business & Finance

WHEN I SAY CHAIN YOU SAY LINK

CHAIN

>>25935365
At the rate we are going, we should be $40+ by the beginning of March when staking finally launches

>>25784170
real answer

>>25746455
we are all in this together
checked

V

>exit scams you and tanks the price
you just fucking KNOW this is going to happen god damn it

>>25246581
LINK is dead. LINK remains dead. And we have killed it...

Hey, Sergey here.

Fundamentally there's no need to worry! We at Chainlink labs have already decided to settle with the SEC in advance. We will forfeit the remaining 60% of uncirculated LINK to the SEC who will be selling immediately to fund their XRP investigation.

Thanks for all your continued support since we launched mainnet. it feels like an eternity ago but the launch was just last year, haha!

Thanks,
Satosh- *umm* S-Sergey Nazarov

>>25089789
Hey, Sergey here.

Fundamentally there's no need to worry! we have already decided to settle. We will forfeit the remaining 60% of uncirculated LINK to the SEC who will be selling immediately to fund their XRP investigation.

Thanks,
Satosh- *guh* S-Sergey Nazarov

>>24816348
>>24816393
>>24816407
>>24816420
>>24816422

I see chainlink obviously needs the money to keep the perpetual motion scam going. Very nice.

Every time I see linkers posting here, I realize these are shill accounts and they only do this when Link is down. Remember, do the opposite of what biz says and remember to short link.

>>24686556
>>24686594
>>24686651
>>24686744

these paid fucking shills are so tiring. they're always on here every time link bleeds the fuck out, desperate for money

Just paid €1000 for 90 or so link tokens, how bad did I fuck up?

>>23809050
Yes. In fact Sergey has dropped out of the Chainlink team. Last known sighting of him was outside of a Planned Parenthood in New York City asking women waiting for abortions about the implications of their actions, as well as if they had entered into a smart contract agreement with their unborn fetus consenting to the abortion. He was escorted out by staff, but not before pulling two Big Macs out of his pockets and flinging them wildly, the contents of the sandwiches covering the clinic's walls and its patrons. Authorities were called immediately after the incident but Sergey had fled the scene.

And pic related. This is were Chainlink's conference was held at SIBOS

>>23786294
1. Their product is x600,000 more expensive than a normal API. Fact.

2. They've raised 32 million secretively in a one day ICO. Then have dumped at least another 100 million on the backs of their holders while disclosing NOTHING. Fact.

3. The oracle problem is NOT a problem. On-contract data is not a necessity and not at all important for most institutions including banking ones. Rather, strong APIs and secure blockchain data is. Fact.

4. Sergey has had many failed projects and used his Dad's money to start chainlink. He got his coworkers, convinced them to join him and leave the company and shilled on biz to a few anons on discord. Then hired pajeet shills to promote the token and make memes. Hence the creepy messiah memes and uncomfortable forced meme pepe ones.

5. Chainlink has accomplished NOTHING of note in almost three years of running. They claim fake partnerships (moab token is a case) and will pay for partnerships. Partnerships also mean NOTHING.

Lot of shills on here tonight. Doing my job to gas these LIDF faggots.

This will be my good deed for today, 1 spoonfeed.

The tokenomics of the LINK token.
1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.
2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.
3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink
So....
Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.
There is infinite amount of collateral available because the
token price can rise to meet it.
Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.
Is 1000$ really possibly in say the next 3-4-5 years?

>>22576312

>>22477168
fuck off, anything chainlink related is due for a correction and technically a scam

>>21476167
why did you post a shopped version of that pic? here's the original

>>21345144
Ignorance is bliss.

a big man needs a big mug..what a unit

>>20538038
>gluttony
Confirmed. With all their corporate partners putting pressure on the team to release staking in time for SmartCon, Sergey has really started to put on the pounds. There is concern he might not be physically well enough to present in August.

>>20394248
Anyone ever theorize what the darkest outcome could be from the proliferation of immutable smart contracts? Like we’ve heard about assassin smart contracts, etc, but what is the most evil thing you could possibly do with this tech?