/biz/ - Business & Finance

>>57115730
I held LINK between 2017-2021 and this is nothing but a game of stick and carrot by Sergey.
He brings in celebrity endorsements and fraudulent partnerships to feign enterprise legitimacy, but their only source of revenue is literally dumping premined tokens on bagholders in the spot markets.

>>56267995
It's time to get out.
You had strong warning signals in 2021 when this shitcoin failed to attain it's previous ATH.

The only value a shitcoin has is its speculative potential. Once they release what can laughably called a "product" it becomes obvious how little demand there is for some decentralized bullshit, and the speculative potential is GONE forever.

>>55771212
>Guys, they raised 10k BTC in 2017

Oh yes, you know they spent it well, because shitcoins have so many regulations and laws and shit. It's not like they just bought villas and lambos while providing nothing in return, haha, r-right bros?

>>55767034
Despite your mental gymnastics, it is STILL ILLEGAL in the United States and pretty much anywhere in the world, to print out 100 BILLION shares, call them a "token", release a fraction of them to the public, promise products and enterprise adoption, and then dump them, and do this for nearly a decade.

Do you think Apple, is allowed to release their own "token", sell it to investors by the billions to raise equity, but then have no legal strings attached, no liability, no disclosures or reporting of performance, no accounting rules and manipulate the price of the Apple token?

The answer is obviously no. That's very fucking illegal in the US, European Union, Japan, Singapore, China and any other market that matters.

>>55730313
>This is my favorite kind of nigger on this site.

Just the average shitcoiner..
>My shitcoin is the next ETH!

>>55724691
>Can someone please explain to me why certain crypto's being securities is a bad thing?

Well for one, if like every other software company listed on a stock exchange, the various scammer developers have to register with the SEC, they have to procure the services of lawyers and accountants and create all of the filings and disclosures that the law requires to make the public informed of the risks.

During the scam years 2016-2022, you could just print a trillion tokens out of thin air, keep 70% of them, market the scam coin as some future technological breakthrough (like some bullshit buzzwords like "decentralized oracles" lmao, who needs that?), purchase a bunch of corporate and celebrity endorsements to trick the plebs into believing you have a legit software product, and then you dump the token for 6 years straight, raising billions of dollars, without providing ANYTHING AT ALL. Pic related.

The era of shitcoin scams is over.

It's it's not Bitcoin, it's a shitcoin.
If it's got a premine, it's a DOUBLE shitcoin.
If it's a premine and had an ICO, it's an ULTRA NIGGER shitcoin.

>>55675985
>. Sol, ada, atom? It all sucks compared to eth

Yes, those are all called shitcoins for a reason, you brainless spastic idiot.

If it has a premine, is PoS, is centrally issued, it's not only a worthless shitcoin, but is also an illegal security.

Bitcoin is the only solution to the shitcoin problem.

>>55674498
>These people are still talking about a 2008 crypto like it's the cutting edge of technology

It's literally on the way to becoming a universal currency of the world.

Go on, chasing doggy shitcons for their "technology".
What "technology" have shitcoins (this includes ETH) given the world?
A fraudulent DEFI network built on lies, premined air tokens and bad code?

I hope shitcoiners rope when BTC hits 100,000 in 2024.

>>55345354
Basically this.
ETH is a shitcoin. The game of shitcoin musical chairs is up and everything besides Bitcoin is going to shrivel up and die slowly.

And that's a good thing.
The era of shitcoinery is over.

>>54774407
>I mean LINK is actually one of the top coins in the tech they're offering

Their "tech" has no purpose (evidence: no one is actually paying Chainlink a single dollar for their software services), the token isn't needed except as a funding token for Sergey to buy more celebrity endorsements and keep looking for new, fraudulent "use cases".

This scam is located offshore because everything they do is basically illegal in every jurisdiction in the world that matters. You simply can't print your own security, and then dump 30% of it to the public and pretend you have no legal obligations.

BTW, what the FUGG happened to the Gravelcoin partnership? Or the Oracle partnership? Or the Google partnership or SWIFT?

You see, in reality, Chainlink is a Vechain type model whereby they dangle some fabulous "use case" carrot on a stick, the paypigs fund it, Sergey buys himself another celebrity endorsement or shovels tokens to some literal who data aggregator which then allows him to proclaim another "PARTNERSHIP". There's no business activity here besides dumping premined trash tokens (illegal) and offering no value or services in return.

>>53307243
It's almost as absurd as the laughable idea of Google or SWIFT partnering with Chain.stink.

The time of shitcoins is coming to an end.

>>53007603
Absolutely is.
Centralized, premined air token issued to raise money from the public.

1000% a big fat fucking security and the day this garbage company is forced to register with the SEC and issue filings like any other public company that issues securities, is the day that crypto will be free from the shackles of Shitcoinery.

Eth trannies are next, then the other 1,000 worthless shitcoins.

Only Bitcoin satisfies the requirements of a digital commodity, and chairman of the CFTC (the people that regulate commodities) has said so himself in public a few weeks ago.

Tik tok shitcoiners, tik tok.

>>52364444
>But nodes are profitable,

Lmao, show me that Chainstick has ANY business revenue from Oracle services.

The only revenue Sergey has is from dumping the premined shitcoin into spot markets for funding.

>>51326091
don't worry, i think the same about everyone else
the entire market is pic related, it's all beanie babies that does nothing
at least BSV actually works as intended

>>50702319
i think 99% of shitcoin devs on eth aren't serious. they do minimal effort work and make an nft roadmap etc while playing games and selling off printed tokens
it's all a scam and a joke - pic related

keep chasing sergays carrot stinkies
just two more weeks for steaking
$1 eoy

>>29093603
>It's literally just a group of amateur techie friends who are using the massive amounts of money they made off the ICO and token sales to larp as having real techie jobs.

This is an amazingly sharp summary of the whole team. It was clear from the start they have very little legitimate talent to tackle difficult computer science and fintech challenges.

So they pivoted from "crypto Paypal" to "shrimp on the blockchain" to some vague, bullshit corporate accounting crap which absolutely no one uses.

The only reason they are still active is they can get away with a soft exit scam, but not a hard exit scam, as they know the SEC will come after them since they sold tokens to US investors.

>>28731705

Jesus, this is more pathetic than OmiseGoy trying to pull of le partnership meme.

To this day, the McDonald's corporation has not given a single dollar of business to those Gook fucking conmen for anything since they don't have a functioning crypto payment business.

Why exactly do we prefer AMMs over simple discrete auctions?

I don't fully understand the former but it appears there are some risks for liquidity providers - as I understand it from looking at Uniswap for example, an LP gets impermanent loss but regains it plus some revenue once the price bounces back... no?

What if I want to be a bullish or bearish LP? Don't I lose if my assumption of long-term non-static price is correct?

what the fuck is this grt garbage. is it another 'i made all these gains in a day while you were holding link you dumb fuck' pump and dump shitcoin? there were like 40 of them during the 3 years i held link and they all returned to nothing. newfags beware

>>23078644
why do chainlink threads still exist, the top came in already
why haven't you brainlets sold yet

>>21557543
>How is it garbage

It's a failed darkpool/memeswap token that failed to do anything and now it's a solution in search of a problem.

Token not needed.

Project not needed.