/biz/ - Business & Finance

Sjw the token

>>11208344
why would they ban USA when all their management lives here?
>https://www.reddit.com/r/Chainlink/comments/8gcix9/chainlink_as_a_security/

its just a meme

>>11208344
Best investment meme there is fren

>>11208344
come on, anon

you know it's both

>>11208344
Why are so many of the tokens in wallets developers control? and so few tokens available in the "public" wallets (binance and such). Looks like premine-trashed monopoly.

>>11208364
KEO is here
So close fren..
1k eoy

>>11208344
Alright, I will explain it once and only once. This token is infested with "clues" and "breadcrumbs" which uncovers some sort of massive conspiracy how a lot of Fortune 500 companies and big industrial tech companies are involved with Chainlink/Smartcontract (the company). The conspiracy implies that one day all if not a vast amount of partnerships will see the light of day and the result will be a massive price increase dubbed as "the singularity". An event in which all LINK will be bought so fast, triggering a spontaneous high demand such that the price skyrockets to 1000$ simply because the nodes used in the network require LINK to operate and there will be a lot of traffic on them therefore having LINK = passive income.

HOWEVER. All of this is a conspiracy. There is not ONE single piece of evidence which is actually proven to be true. It's a bit like pizzagate or that Hollywood pedo conspiracy. It all seems so realistic and almost out of this world to NOT be true, yet there is not one single piece of evidence or "smoking gun" ever to be found.

So yeah. Buying LINK, is buying into this conspiracy and into a chance of it being true after all. In my personal opinion - not investment advise - if it sounds, squeaks and moves like a duck it probably is a duck. So there must be some sort of truth to it. disclaimer: 94k LINK all-in holder

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!

>>11208419
Thank you!

>>11208344
>>/biz/thread/S11160921#p11168826
read this thread and thank me later bud

>>11208419
>All of this is a conspiracy.
Yes, a conspiracy of multibillion dollar corporations to create a monetized api economy/universal smart contract system.
Btw the term you meant to use is 'conspiracy theory.'

>>11208439
>>11208419
and LINK is not a prerequisite to run a node

>>11208419
>if it sounds, squeaks and moves like a duck it probably is a duck
You have no idea what you're doing, don't you?
>94k LINK all-in holder
Alrighty then. No need to answer my question above.

>>11208457
you can also run a bitcoin node without having the entire blockchain

will you ever see a reward? no

stop this meme

>>11208419
>It's a bit like pizzagate or that Hollywood pedo conspiracy.
>conspiracy
lmao you kike

>>11208443
I'll read this. Thank you!

>>11208374
a large portion of the tokens are set aside for institutions that will be running nodes. this is a b2b network. data is the new oil and owning and staking apart of the network will be like owning stake in a profitable oil field. the tokenomics have been thought through already. right now all they are doing is finishing up the code in order to launch the network.

>>11208495
so whats the difference from mastercard if institutions are the ones rewarded?

>>11208344
I mean the thing that kind of keeps me up at night and the thing that gets me super excited is that right now someone in Papua New Guinea can discover oil, they can discover a natural resource, they can discover something of value. And within the current system they can make a bunch of promises that they know at the time they won’t have to keep because the legal infrastructure and banking infrastructure and all these nice things that are supposed to enforce their promises, they won’t. This is why a lot of folks who control resources make false promises. So I really think in the future the really cool thing I think would be if someone gets a natural resource or someone gets a piece of a company or something that does belong to a larger group of people and instead of them going out and making a bunch of vague promises like we have a vision, we have a this, we have a that, instead of all these nice terms to get the placate people into doing their will, they will make a smart contract - Sergey Nazarov

to understand Sergeys vision read above.

>>11208516
because the institutions wont be buying from binance. think of those tokens as an OTC balance for the big fish. they will purchase directly from the devs from that allocated pool.

>>11208344
Only 1 way to find out OP
GOING ALL IN

>>11208467
>How much LINK is required to be a node operator?
>No LINK is required in order to be a node operator. However, holding LINK on your node (commonly referred to as staking) helps with ranking your node against others. Your node will also need some LINK in order to bid on smart contracts with the penalty amount. If the node is not selected to perform the job, or the node successfully completes the job, then it can retrieve that paid penalty amount.

>>11208466
you would be surprised, I have done some extensive research into chainlink and it just fits

Smart contracts are a revolutionary new concept, they honestly are and this is evident by the BILLIONS of dollars being poured into mere ICO's for speculation value alone. Admit it or not, but it is a FACT smart contracts triggered this insane bull run we saw earlier in 2017. Now just pause for a few minutes and consider the following. These smart contracts only value was minting new tokens and having an asset distributed implying ownership (a token). The underlying token was worth something and is still being traded on exchanges. But NONE of this would be possible without smart contracts.

You follow until here, right. Tokens. Smart contracts. Worth something. Just a big excel sheet really, with numbers matching an account. Now, imagine these tokens actually represented something. Like a loan at a bank. Value in a house. Equity in a company. And the amount of tokens or some sort of functionality for these tokens depends on DATA which is not in the ethereum blockchain. Say, a token indicating how much damage of an insurance you have consumed. Right now it is 100% impossible to get this data on the blockchain in a SECURE manner. You have a centralized data set (x) on a decentralized blockchain (y). x != y. You need to convert x for it to be decentralized. Chainlink does that. It is literally the adapter between a centralized database and a decentralized storage model with Turing completeness.

Honestly, this is HUGE. If it does what it intends to do it will disrupt a BILLION dollar industry. TRILLIONS even. Everything is data and if you can consume that data by a decentralized, autonomous, self judging entity (a smart contract) you are cutting open millions of jobs and automating processes which right now require manual intervention and organizations simply because parties don't trust each other.

Unless Sergey exit scams, he and the team are really on track 1/2

>>11208467
you are a fucking idiot. the reason to own link tokens when you run a node is for reputation. no billion dollar enterprise will run smart contracts powered by your node with 0 link. they wont trust you with a 5 billion dollar derivatives contract. once the network goes live. the ones who will become rich are the ones who have the most link and the node operations running nodes WITH a high amount of link tokens.

>>11208518
Yeah but are the banks, lobbyists and aritsocrates just going to sit and watch this happen?

2/2 to solve this problem. It is just a given. There is no competition, nobody even comes close to aiming for what Chainlink intends to. It is all centralized in a different package. I personally - with my extensive background in tech - know what I am investing in. I got in at the private crowd sale and filled my allocation with some close friends. I don't care if it is done in 2018, 2019 or even 2020. This is a problem which CAN and WILL be solved. I am keeping a close eye on ANY competion and there is NOTHING (publicly) being worked on which has the maturity and market penetration Chainlink has. I just know it will hit off. I just know.

>>11208541
did you just refute your own FUD?
>>11208568
pretty much what he meant by
>will you ever see a reward? no

>>11208344

it's a nice skeem, have to give them that.

>>11208570
they have no choice. the people always win. time and time again. why do you think SWIFT headhunted Sergey? They do not want to be left in the dust in the fourth industrial revolution and get swept by smaller fintech firms.

>>11208597
how? by approving than no link is needed to be a node operator

>>11208611
Sergey was a nobody before dude

>>11208631
Sergey is a nobody. He’s just famous here. More people know Carlos Matos than Sergey.

>>11208630
by proving that running a node with no LINK is pointless

>>11208648
He’s just SWIFT pawn so when LINK tokens get classified as a security he will be the one in jail.

>>11208631
how new are you? He began his career at a TOP VC firm as an associate right out of school which is no joke in the NYC venture capital/private equity space. Especially at a place like FirstMark Capital. you know nothing so you should really just stick to lurking.

>>11208344
it's crap, don't believe the bagholder who want to sell their bags to new idiots

>>11208675
>>11208648
>>11208631
>>11208630
just so you know, Chainlink is a low IQ filter. if you dont understand it by now, you likely never will. im sorry.

>>11208655
i never claimed that running a node with no LINK is pointless, message was that LINK is not needed to run a node

now i see why you stinkies are so delusional

>>11208585
What a comfy bed story for me fren, thanks

>>11208419
The swift partnership was already confirmed

>>11208527
so the investor has no control of investment/direction shits taking, its totally controlled by who developers will sell to?

46k LINK holder. Ignore the FUD, LINK will be huge.

No.

>>11208556
>>11208585
Thank you, friend.

>>11208775
Since when does an investor decide how a company's assets are used dude? Even in traditional finance thats not how it works

>>11208775
Just be happy you have a chance to take part in a network that could have been closed off to large institutions only. You as an investor give it the decentralized meaning. Own it.

>>11208585
Yeah you're investing in an ERC shitcoin good luck with that. Succes rate: 1/3501

>>11208365
this
it is a meme project and the best investment you will ever make
>t.114k reporting

>>11208842
It's blockchain agnostic and created its own ERC standard. I honestly don't know how to argue with some of you people. If you don't want it, who cares. No reason to convince everyone it is "shit". Just hide the thread or something.

>>11208419
For those who don't know, nodes don't require LINK to operate.

>>11208585

Curious, with your background and all. do you, personally, have a timetable for when you think Chainlink will "hit off"?

Also, how did you hear about Chainlink and what events led you to the crowd sale?

>>11208630

Yes, but that doesn't mean that smartcontracts will be using Link operators with no LINK. Duh!

they will be using nodes with massive amounts of LINK that equates to a proportional value to the smartcontract.

>>11208715
yes but whats your point???

I can open a empty store with nothing to sell in it also. while people go to the store with a ton of merchandise.

Your not making any sense. its a pointless statement.

>>11208970
>Curious, with your background and all. do you, personally, have a timetable for when you think Chainlink will "hit off"?
Honestly no idea but I see no reason to cost average and accumulate as much as possible. There is already a very small amount being traded on exchanges. Actual circulating supply is A LOT lower than indicated on cmc. A lot of crowd sale participants are small/medium/big investment funds Sergey hooked up from his VC time. A lot is locked up and has not even moved since crowd sale. Those funds are long term investors and not in for a quick flip. I try to just pour a portion of my income into it (next to my index funds etc) every month and not think too much about price action.

>Also, how did you hear about Chainlink and what events led you to the crowd sale?
Friend told me he got selected for the crowdsale, I read the white paper, did research and been hooked ever since. Somehow it became a running meme here, probably because a lot of crowdsale links were shared here and a good portion of initial inner-group holders are from here originally. Search the archives for "link.smartcontract.com/presales/" and you will find some history in the making.

>>11208344
I was initially interested in september 2017, but the community wouldnt stop spamming the board with threads about it. It got annoying. They were telling curious outsiders like you to buy in at its ATH.

Now it is at a point where they make 3 new threads everytime they sneeze.

If the threads actually had content, it would be one thing. Instead, its just a bunch of lies, fake partnerships, obsessive memes about some Russian guy. And they are so arrogant and smug about it.

>hey could you guys keep it to like 2 threads so all the other threads (a lot with good content) dont get slid?
>fuck you nolinker this is our board newfag 1k EOY rent free :)
>why isnt anybody buying link???

Whats particularly irritating, though, is that after all this time theyve been spamming the boars, its worth about what it was when they started in USD and its way down in sat value.

Its all so unwarranted. LINKies have no class.

>>11208419
Thanks anon, bought 100k ducks.

>>11209064
This. Linkies have no class. If they were truly sure of their "investment," must they spam the board day in and day out? It's sad really, I feel bad for them. They probably are in bliss due to their own delusion and ignorance, just like the christians are. Totally unenlightened unlike true men such as ourselves. You, good sir, are a man worth sharing a pint of the ol' mead with. I commend you, carry on brother *nods respectfully*

Dont forget we wasnt even supposed to own LINK, crowdsale was sold out immediately, and public sale (which required a lot of ETH) was sold out in 3minutes.

This fact with zero marketing fact should tell you something, this is not your ordinary “we partnered with xy, blease buy and pump so we can dump our 70% circulating coins on you” project

>>11208901
People who fud like that are either retarded or hold a bag themselves.

>>11209027
>e a running meme here, probably because a lot of crowdsale links were shared he

thanks for the answers fren.

Yeah, im a believer as well. I definitely think Chainlink is revolutionary.

good luck to you!

>>11208826
>what are shareholders
>what are BIPs

>>11209064
Buying LINK at its ATH was still a good investment you fucknut

>>11208344
Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bear market lots of anons and took advantage of this and fudding this coin to all the late money and newfags that bought in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

>>11209148
>Dont forget we wasnt even supposed to own LINK
OI MATE BUT WUT IF WE WERE??

>>11209172
Shareholders don't decide how much a company decides to spend for research and development. Do you really think a 21 year old with a Robin hood account that has a share of Cisco can do anything? You are seriously mental and need to get some common sense.

>>11209172
Shareholder doesn't mean shit.

>>11209287
you get votes by the number of shares. bitcoin works similar too, you really think a 21 year odl with a node can do anything? If not, you are menta.

>>11208585
Hey I look every single day for possible competitors and I’m in the same boat not seeing anything even on the horizon. If you even find something can you post it I’ll do the same.

serg

>it's just a meme

Says same.people.who said Bitcoin and Ethereum was a meme

Bump. There’s some good info here if you sift through it

is the best investment? no
is the worst investment? not even close
is the best coin to swing trade because faggots on 4chan will always buy high to hold this random coin? yes

>>11209511
What's the best in your opinion?

>>11208518
here’s the updated version:


I mean the thing that kind of keeps me up at night and the thing that gets me super excited is that right now someone in Papua New Guinea can discover oil, they can discover a natural resource, they can discover something of value. And within the current system they can make a bunch of promises that they know at the time they are making them they won’t have to keep because the legal infrastructure and banking infrastructure and all these things that are supposed to enforce their promises, they won’t. This is why a lot of folks who control resources, that really in terms of just terms belong to other people, make false promises right. So I really think in the future the really cool thing I think would be if someone gets a natural resource or someone gets a piece of a company or something that does belong to a larger group of people and instead of them going out and making a bunch of vague promises like we have a vision, we have a this, we have a that, instead of all these...all these wonderful nice terms to get the placate people into doing their will, they will...they will make a smart contract - Sergey Nazarov

>>11209456

Actually thinking about it, the legit FUD against Chainlink is eerily similar in content/proportion to the FUD ETH was getting back in 2016.

Feels Good Mayne

>>11208570
This allows them to sell core services. Not to mention PSD2 will make it mandatory for them to open up their APIs to third party fintechs offering core services. They won’t sit back and watch they’ll be utilizing the network. Crazy.

>>11209433
Checked
>ctr-F "Shirt"
1 result

>>11208344
It’s a meme. Look at the responses.

>>11209862
False.

>>11208374

Then don't buy? It'll still succeed with or without you.

Yes, indeed.
It is a meme.
Where the transitory dreams of the Nazi neets converge..
Im this timeline, memes become dreams and dreams become reality.

Pic related.
Bowsette will be Canon and will drive Nintendo stock prices up

>>11208344
>"early eth fud"
do you honestly think as many people on biz were shilling and holding early ETH as there are shilling and holding LINK

>>11208556
>>11208585
Honest based dude on chan. well that's something refreshing.

Honestly at this point I can’t tell if the idiots spewing FUD are genuinely retarded people who actually have 0 understanding to the immensity of this project OR if it’s people trying to push the price down to accumulate more. It’s getting scary.

>>11210304
No. And did ETHs ico sell out completely thru presale with huge minimum contributions and literally less than 5 mins of ico going live?

>>11208931
Yes, you faggot. And still no one will choose a node without staked LINK, bc without LINK there’s no collateral, therefore there’s nothing to stop you from providing false data.

Bump

I dont get it am I suppose to be selling link right now....mmmm...maybe I would be happier with the tokens *mr burns

>>11208358
To put it simply, they did not ICO in US so they wouldn't be labelled a security, which would complicate things.

>>11208585
Thoughts on witnet?

>>11208556
>>11208585
glad you turned to automation because its always forgotten on this board.
The strength on a DLT technology is the fact that whole giant financial markets will be automatized

>>11208344
Sell now, it’s a meme.

>>11209456
>>11209595
>its a meme dont buy it

>>11208419
lol it's just a JSON parser, literally anyone can copy chainlink, the fortune 500 companies will make their own oracle networks based on chainlinks code

>>11212260
fuck I haven't laughed this hard in a few weeks thanks man that made me happy

I was going to buy some stocks, just throwing $50 down the drain before I do some research on this guy (I've checked out the links and what anons have said, now I plan to interview banks about the API usage and other Fintech) but when I went to try to buy cryptocurrency, I found out I'm out of the permitted territories. Ho hum.

In any case, it just buys me more time. What questions should I be asking? I literally decided to get into investing a couple weeks ago and am only reading books about it in general now.

>>11208374
>70% of the supply in top 7 wallets
>people unironically think this will make them rich

Cant make this shit up. 700 fucking million printed out of fucking thin air and bizcels throw their whole life savings into this to have a miserable 10k-20k stack. YOU CANT MAKE THIS SHIT UP

>>11212216
Kek

>>11212586
wtf