/biz/ - Business & Finance

Don't worry anon.

$20 EOM. I have information that you don't.

This fatass is dumping his Link on you to buy more Bigmac

loll dumbass

>buys a coin people had time to accumulate between 0.15 and 0.60 for 2 YEARS

>hehe im a genius chainlink to da moon!!!

>>14739133
Chainlink is legit as it gets. Keep holding.

>>14739133
can you really hold it to 0? better sell now :)

>>14739152
I try to stay safe, this is the first time venturing beyond BTC/ETH for me. I saw the pump to 4.58 and the drawback to under $3. When it broke $4 again, I felt it was safe to assume it wouldn't dump too much anymore since the pumps were based on great fundaments. Bought the top obviously. I was ready for it to dip back to $3.5 or thereabouts, but this death spiral following literal Google and Oracle announcements was not what I was expecting from how I've seen other projects behave in similar situations.

>>14739190
I've come to terms with the possibility of losing everything. If I sold, I'd just get bogged. I'd rather hold to 0 because in my mind that happening would make inifinitely less sense than this just being a panic crash that will bounce hard at some point due to the fundamentals. I've been wrong before though.

>>14739133
It's okay anon, SIBOS 2019 will showcase chainlink(idk if sergey will speak)and sergey will speak at web3 summit 2019 in august 19-21. Libra is rumored to be released in september(Fun fact september is the month of libra).

>>14739218
where did you find those great fundamentals if I may ask?

>>14739276
kek

>>14739133
Haha retard I hope chain link crashes to 10c to I can buy up thousands and all your positions close.

Fuck you retarded piece of shit boomer

>>14739133
>He broke the first rule
Retards gonna ree just hold and you'll be fine stop being a pussy

>>14739133
People take profits after a spike OP. It’ll come back. It’s a real project, unlike most crypto.

>>14739398
>all your positions close
Go back to Bitmex fagget

>>14739133
just think of it as having your life on hold, i'm already 27 and have went through this multiple times in life already, and honestly they're some of my happier times just not caring about anything and taking it easy just watching anime, playing visual novels, going to work without hating it and working enough of a sweat to stay in shape, it's a good life, getting rich is just a bonus

>>14739133
Don't forget to sell low too, the /biz/ way

why did you wait so much to buy?
Probably you are larping

>>14739726
Google news came out of the blue, didn't want to buy into a green dildo and get JUSTd, waited for the bounceback and the price to find a support, ended up paying $4 due to the Oracle buildup. Was thinking it'd be on to $5+ after that.

>>14739133
Lol, stupid newlinker. Here's where I bought my stack. I bought the top and capitulated by the time LINK hit 25 cents. Comfy as fuck now, my portfolio is green since the start of the year. It's the single coin that outperformed bitcoin during the bear market and it's unironically bigger than ethereum, we're going to $50.

>>14739133
for buying over $4 i admire your iron hands. based af nulinker

>>14740100
based fellow feb18 buyer

>>14739152
I've bought from 80¢ to $4.10.
I bought more yesterday, ill buy more next week and ill keep buying some up to $100 as am when i can.

>>14739703
i like this perspective a lot

>>14739218
>fundaments
I'm all in stinky but the nulinkers are too much fun fucking top kekked

>>14739218
>first time venturing outside of BTC/ETH
>goes all in on a vaporware shitcoin
well
consider 40k your tuiti-

>assimilates into the cult of never selling bagholders
nevermind then
rip you

>>14739133
>The $40k was all my savings in this world
well what about your saving in other worlds? link at this price is a steal right now

>>14740295
> doesn't realize that in a speculative market going with the cult is a good bet
You think btc has better 'fundamentals' than any other coin? No, it's a shitcoin. However enough people value it guaranteeing rise with time.

>>14739141
Please, God just let this anon not be larping.

The only regret I have with Chainlink is seeing it drop far lower than when I bought in. I didn't buy at the top but once it reaches lower value all these jokers are going to be able to buy a similiar or greater stack than I have without sweating. Meanwhile I am going to be spending time stressing and worrying. Alot of wasted mental energy.

>>14739141
The digits and red id confirms, that you are a faggot!

>>14740377
People who haven't bought in yet aren't likely to buy now when the whole market is shaky. They might luck out on the future climb but it's a small window.

>>14740383
Your larp is bad, tell Craig he should reconsider the strategy, I'm sitting on the entire delphi dox

>>14740351
Ok
but the problem is, Satoshi's funds haven't moved anywhere, and at best at 15% of the supply
Sergey's funds HAVE moved, and they're 35% of the supply.
Sergey is ironically not part of the never selling bagholders cult.

Also, at least bitcoin does what it says in the whitepaper.

>>14740388
Yeah it's just some mental bullshit. The market doesn't know or give a fuck when I first bought in and I can't win a game with no beginning or finish either. I have a target in my mind and will keep accumulating link until I get there.

>>14740402
But that was already known from the beginning that 30% is for funding future development. Should never have come as a surprice

>>14739141
More bullshit from the same guy, in every thread, hoping to regain loses / dump bags at $5. If you believe this autist you deserve to be poor.

>>14739133
You're fucked.

>>14739133
I fomoed in at $3 but only for a couple hundred because I'm poor as shit and couldn't afford to lose more. Might as well strap in and see what happens on the long term

>>14740444
Me too brother, we're not going to make it

>>14740100
You've waited a real long time just to get exit scammed. Total retard. Should have sold at $4+ and had nice profits. Now you'll wait another year to go back to 25c.

You retards marrying yourselves to failed shitcoins are a hoot. Could have sold the thing for a nice profit but you chose to HODL because true lingmarine never selling xD

>>14740486
the deal is easy. Delphi discord sells their LINK stacks (everyone in it) or the dox and logs go to the respective authorities. No Delphi fag is ever allowed to own LINK again, or same as above.

>>14740402
True, though the satoshi fund is a permanent anvil hovering over bitcoin.

As for the link transfers we don't know what they're being used for but it's absolutely not exit scamming, you can't seriously think the team is fraudulent given who they've worked with. It may be for node formation, fund raising (i will agree there have been some large market sales) or just wallet moves.

>>14740404
Exactly. No-one bought and held link for years missing lots of climbs for an eventual x4-x8. I got in before a dollar, im not selling for years.

>>14739141
>I have information that you don't.
It's called delusion. Literally nothing happening this month, you could have at least said September.

Took out 25% of my link stack at 4$+ to take some profits.

But can't resist to buy back in now.

>>14740496
What the hell are you talking about?

>>14740507
I will hold my whole portfolio for 5 years if an 8x was guaranteed.

>>14740522
Remember the pajeets who got sacked for scamming and market manipulation. You are talking to the doxer who sold them out, for fun

>>14740497
>fraudulent
Selling their own shitcoins, they premined themselves publicly, 2 years ago, doesn't seem fraudulent. Not only that, they're not exactly obligated by law to provide the token itself any value. ICO shitcoins are basically kickstarter projects. Some kickstarters shit on their backers while providing a real product to put on shelves, and some shitcoins provide decent products that have nothing to do with the shitcoins they sold at ICO. That cooler thing and XRP are examples of this.

>>14739133
Why didnt u buy at 50cents, 1$, 1,5$ ? Why u bougt at ATH????

>>14740544
Who are u

>>14740560
30% of Link tokens were always meant to be used by the project, newfag.

Btw, Vitalik sold chunks of his PERSONAL stash whenever the price of ETH went up. Anything to say about that?

>>14740590
An independent cleaner whose hobby is to destroy random online communities

>>14740560
You know what is meant by fraudulent. Sure nothing illegal but it would make the whole thing a scam if they were to bail out. The token also doesn't have arbitrary value like something like ripple. It has intended industry use.

>>14740525
Depends how much you have in, I've only put $7000 into LINK so a x4 isn't that wild, especially as it's had to balance out losses on other coins. I'd say in my whole trading history im only a few grand up.

>>14740599
You're full of shit senpai

>>14740594
Regular sells by Vitalik

>>14740569
Doesn't matter when you bought, dips and crashes are pretty much inevitable.
I bought some at 27c, and the price tanked over 40% immediately after.

>>14740611
ever heard of stream.me
I killed it
Saw the fall of Ethan Ralph
I did it

Doesn't matter if you believe it
Enjoy the dms with your faces, social media profiles, addresses, phone numbers and logs

>>14740431
Yeah, but it would be appreciated if he didn't do it during the first real takeoff, it signals pessimism. Like he won't get another chance to sell that high in the distant future.

>>14740720
He's striking the iron while it's hot.

Vitalik sold whenever ETH went up as well, and that was his personal stash.

>>14740594
>comparing chainlink to eth
that's cute but it's more reasonable to compare chainlink to a plethora of other ERC20 tokens which by now sold their ICO money, sold their own supply, and crushed to 0
chainlink's taking it slow though

Again, both bitcoin and ethereum, were released in a state that actually resembles their whitepapers. Chainlink is not even close to the fantasy ecosystem depicted in the whitepaper.

>>14740720
Devs spending part of the funds initially to increase overall gain is literally the norm. Even if my time will eventually be worth $100 an hour i have to give it at $10 an hour to get there.

>>14740738
>comparing chainlink to eth
Sure let's do that:

Chainlink: portions of tokens being sold for development (new hires, etc.) right after mainnet launch.
ETH: Vitalik selling from his personal stack whenever the price goes up.

>both bitcoin and ethereum, were released in a state that actually resembles their whitepapers. Chainlink is not even close to the fantasy ecosystem depicted in the whitepaper.
lmao, ETH's initial release was nothing like it was described in the white or yellow papers.
It still isn't, as it's still not PoS and can't even scale.

You, my friend, are a grade-A bullshitter.

>>14740730
>>14740757
Maybe it's the norm but judging by ETH price history it never killed the momentum. LINK is dumping back into shitcoin territory from a measly 4$ peak as we speak.

>>14740814
Link was spot 15-16 on CMC at the ATH, it's spot 17 now.
Get your head out of your ass.

>>14740776
>It still isn't
it is though

>>14740828
Is it PoS?

Where is the bottom? No FUD please

>>14740835
where does it say it's supposed to be?

>>14740854
2014 yellow paper.
My raging newfren.

>>14740849
going by the amount delphi holds and accumulated, and will be forced to sell or lose to authorities, 0.45 when panic hits in

>>14739133
Should have bought a Vanguard stock ETF that pays a dividend. Oh, well, better luck investing next time kid.

>>14740861
Proof of stake not even mentioned.
It's inserted in the new yellowpaper as something that is planned.

>>14740900
>Proof of stake not even mentioned.
Yes, and the sun is exactly 20 miles from the earth's surface.

>>14740905
Non argument. Provide a link or a screencap from the 2014 yellowpaper. The 2014 one, not the updated one.

>>14740923
Protip: just ctrl+f "stake".

>>14740923
Here's a 2014 Vitalik blog btw:
https://blog.ethereum.org/2014/10/03/slasher-ghost-developments-proof-stake/
>Over the last few months we have become more and more convinced that some inclusion of proof of stake is a necessary component for long-term sustainability

>>14740868
Who the fuck is delphi u fucking larping fag

>>14740967
2014:
https://gavwood.com/paper.pdf
ctrl f stake = 0 results
2019:
https://ethereum.github.io/yellowpaper/paper.pdf
yes this mentions PoS as it's the future of the platform and it's constantly being updated to reflect the direction of the ecosystem

Reeerrr

>>14741012
See >>14740994

This was after Slasher failed, so by October 2014 ETH was already up to its neck in PoS attempts.

>>14741012
Oh, and by the way, here's the original white paper from 2013:
http://web.archive.org/web/20131228111141/http://vbuterin.com/ethereum.html
(wayback capture: Dec. 28 2013)

>11) A decentrally managed data feed, using proof-of-stake voting to give an average

You posted some bullshit about ETH being exactly as described upon launch, then latched onto my PoS argument to deflect from the overall debunking of your bullshit, and now you have been unequivocally btfo even on that.

>>14740635
doing gods work

>>14739133
You bought just under the highest ever price.

OK.

>>14741275
dont act like you never fomo'd when you first got into crypto

you bought a shitcoin which was traded 6 months ago at 0,20$ at 4$. rekt.

>>14739133
Don't feel bad bro.

I bought 10k at 20 cents. You'd think I'd feel amazing. But all I feel is regret for not buying more.

You might be in a better position than me, psychologically. Just hang on.

>>14739133
>I'm walking in the valley of death frens
>Bang on drum
>disregard all evil spirits
https://youtu.be/voAjWgcl8rE

>>14741275
In that month we broke several 'highest prices ever' and still haven't returned. The announcements were coming fast and unexpected so it wasn't a stupid move and if OP holds he will do very well.

I first got in at 90¢ and i kept buying up to $4 and down, ill keep buying up until $10 at least.

>>14741438
Based

>>14739133

I enjoy this. I enjoy seeing Stinkies go insane from the grief after the price dumps and they understand they got scammed.

>>14741178
That's an example of what a theoretical contract can do. Yes you can implement contracts that employ proof of stake to vote. It has nothing to do with proof of stake as a consensus mechanism.

>>14741477
>That's an example of what a theoretical contract can do.
Yes, an ETH smart contract.

>generating a data aggregate average across decentralized players
>not a consensus mechanism

Stay squirming for my enjoyment.

>>14741496
I clearly meant a blockchain consensus mechanism, and vitalik referenced a contract where your vote counts to your stack of eth/tokens.
The title of that segment is called "Examples of what contracts can do"
and you can make a contract like that

>>14741523
>I clearly meant a blockchain consensus mechanism
Guess where ETH smart contracts are run.

>and you can make a contract like that
Not without PoS you can't.

>>14741540
but you actually can, a simple contract that requires you to stake your ETH/tokens for a period of time, and aggregate votes. Ironically he's describing something akin an decentralized oracle, but chainlink isn't advanced enough "to give an average (or more likely, median) of everyone's opinion on the price of a commodity", as it is only capable of getting the price of a commodity (say ETH) from a single node.

>>14739133
Why the fuck did you think the good traders on /biz told all you faggots to sell at $4 and buy in back later? Chainlink holders are the worst, buying in a meme for thousands and dont really know shit about the overall market and trading. Not even listening when OG traders warn you so much

>>14741583
>Ironically he's describing something akin an decentralized oracle
Yes he is, but proof of stake has nothing to do with the functionality of oracles. You can run oracles with no staking (as lesser projects have been doing so far).

See https://en.wikipedia.org/wiki/Proof_of_stake
Start with the basics (particularly the second sentence of the first paragraph of the entire article).

>Chainlink is only capable of getting the price of a commodity (say ETH) from a single node.
What?

Also, don't forget about >>14740994

>>14739133
kek you've been scammed

>>14740994
Post came after ICO
at least the ethereum team bothered to disclose changes of direction, and steadily update their white/yellow papers to reflect so.

>>14741689
>What?
What? What? What?
That's what it does moonboy. 1 answer from 1 node. Might as well use oraclize.
inb4 but-t the whitepaper
the whitepaper is fiction.

>Yes he is, but proof of stake has nothing to do with the functionality of oracles. You can run oracles with no staking (as lesser projects have been doing so far).
As all projects have been doing so far, including chainlink. Staking LINK doesn't do anything.

>See https://en.wikipedia.org/wiki/Proof_of_stake
I'm done arguing with you, you misunderstand the tech completely. What Vitalik described in the whitepaper is a smart contract that uses ETH/tokens to count votes and aggregate results. It doesn't in any way imply that the Ethereum consensus mechanism is intended to be proof of stake. In fact there is a section called "Mining algorithm" which completely discloses that proof of work is the consensus mechanism.

>>14739133
Good job, you bought someone's 20x. Get out before 50 cents. Buy SNTVT.

>>14741788
>That's what it does moonboy. 1 answer from 1 node. Might as well use oraclize.
>Staking LINK doesn't do anything.
When you look at a chicken, do you go "how can anyone eat this, it has feathers all over"?

>>14741817
My whole initial point was that Ethereum and Bitcoin were released with the killer features already implemented from the start. Chainlink has no killer features, and it's what, 2 months post mainnet?

Decentralized money? Day 1
Smart contract platform? Day 1
Decentralized oracle? Day <?>

>>14739133
I bought at 3, was happy to see it break 4, got scared when it started dumping like crazy, ended up selling at 3.20
The simple fact that the devs are dumping hundreds of thousands of bags and exit scam should have convinced you that this shit wasn't legit
All their partnerships are bs, they got nothing in reality.
The only worse thing than making a bad decision is sticking with it

>>14740594
I don't remember Vitalik ever dumping huge amounts that crashed the price

>>14741900
>The only worse thing than making a bad decision is sticking with it
Ironic
>>14741936
https://themerkle.com/ethereum-developer-vitalik-buterin-sold-25-of-his-coins/

>>14741936
"Smart" people are always the biggest biz tier brainlets. See Newton, absolute brainlet. At least his personal funds were considered part of the circulating supply. Realistically Chainlink currently has 2x the cmc marketcap.

>>14741859
>My whole initial point was that Ethereum and Bitcoin were released with the killer features already implemented from the start.
As was Chainlink, it launched with three independent nodes and three data sources.

And with ETH, BTC, and Chainlink, the initial releases were all very limited in scope.

>>14741936
That's just because you're a newfag.

>>14741788
>1 answer from 1 node.
Lmao does this confuse you somehow?

Fundamentally you have only lost 10k dollars. A huge amount of money, but nothing to kill yourself over. I lost 7k euros and i'm a fucking Eastern European poorfag and can't sleep because of this, but we will come back for sure which is why i didn't sell and not selling. CL will go back to 5 dollars this year for sure. Forget about 100$ EOY menes though.

>>14742132
Yes? The killer feature was supposed to be a decentralized network, a trustless oracle.
We got a factory of centralized oraclize instances. It brings absolutely nothing new. Instead of 1 oraclize we now have many, and they don't even work together to give you answer, but you gotta pick one.
I'm honestly just deeply disappointed, I wanted chainlink to be so much more, and they just spit in my face.

>>14742200
>The killer feature was supposed to be a decentralized network, a trustless oracle.
>We got a factory of centralized oraclize instances.
Are you retarded?
"Decentralized oracles" means "more than one oracle".
It does not mean "more than one response to the same query from the same oracle", because that would be retarded.
You retard.

By your logic BTC and ETH nodes are each "centralized", making BTC and ETH centralized.

>>14742200
>Instead of 1 oraclize we now have many
That was the point all along, yes. Lmao.
That's why Oraclize themselves are turning towards decentralization (and Chainlink specifically).

>and they don't even work together to give you answer
You're supposed to make them work together.
Ideally, the separate nodes probably shouldn't even know who the other nodes of the contract are.

>>14742243
Anon
every BTC/ETH node has to agree on a block.
not every chainlink node has to agree on an answer, in fact they all work independently and could care less what the others do
it's hardly even a "network"

>>14742303
>every BTC/ETH node has to agree on a block.
You're joking right?
Please tell me you're joking.

>>14742200
>t. Brian Lett, from Reddit

>>14742318
Ok explain how it works then genius

>>14741605
Cringe. "OG traders" also said to sell after mainnet at $1.

>>14742337
Only a handful of nodes validate blocks.
Both in BTC and ETH.

My god, son. This is the absolute most basic of the basic in blockchain.

Sergey...Has betrayed me....

ABANDON YOUR CHAINLINK

SELL SELL FOR YOUR LIVES

>>14741900
The amount they sold has little bearing on price barring frightening away a few people who dont understand the project.

>>14741005
Kys nulinker

>>14742380
shame on you, fearposter

>>14742376
1. node receives txs
2. node send txs to nodes they know
3. if the node is a miner, he can mine a block
4. if a block is mined, the node sends it to the rest of the nodes he knows
5. the block receivers validate that everything is cool and put it in their local blockchain copy

"Agree" isn't the more precise term, but for the network to function, the majority has to be on the same page

Good luck with your link

>>14742437
It only takes a handful of confirmations to commit a transaction.
God it's been so much fun watching you squirm this entire thread.

>>14742437
>the majority

nigga I can get my transaction put through with 3 confirms

>>14742431
Is there not a crypto here that still has the courage to moon?

>>14739133
My god dude... is that how you play poker too? Do you always go all in with no strategy?

>>14739142
Stupid. He sold 2.8 million link. Theres a whale wallet accumulating at the same time who's bought 4 million. So "dumping" ? Not really. The more he sells the less he can sell in the future at higher prices. I welcome it