/biz/ - Business & Finance

you literally can't cash out

>>14752594
This. 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 bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined 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

>>14752573
Redpill me on staking

>>14752680
You will either join a pool, or you will start your own oracle service.

>>14752680
You risk $10,000,000 to make $25,000 a year

>>14752871
If the link is a resource for elites.

Why they do not make a small failure in the API to take all your links from the pool?
I know about defense mechanisms, but this option is also theoretically possible.

>>14752871
you expect 0.25% ROI?

>>14752608
>>14752883
My freaking sides

>>14752871
I think it will only be a major risk if you're a mega brainlet or being malicious.

>>14752902
Because Link gains value when oracles tell the truth, and it loses value when oracles lie.

>>14752573
>be in Poland, coffee shop
>whole place working diligently on their things
>stereotypical Sergey enters with a female
>set-ups in a table and proceeds to have a meeting via some application on his PC
>His booming voice carries like an echo going through a cathedral
>sees nothing wrong with this
>allow him to do this for a while
>the fat fuck won't stop
>everybody getting nervous
>start glaring at the fat fuck
>he starts talking to the person calling how he can't sell links here, so he'll have to do a dump online
>This enrages me as this basically constitutes a threat
>come to him rather angry
>ask him to keep his fucking conversation fucking QUIET - nicely
>he's visibly terrified despite being visibly well-built even if fat
>continues talking for half an hour using his quiet voice
>stops
>gets to leave
>before leaving stops near the door and glares me like I was some sort of ghost. Almost seen his skin turn white
>leaves

>>14752871
500,000 a year

>>14753051
No-linker detected

>>14752608
>>14752573
Listen up newfags, I'm a tcp ip developer at a fortune 50 big data company with 25 years experience in database infosec, I've looked into chainlink and all I can tell you if that the cryptographic measures implemented in regards to the decentralized security paradigm in the API and IoT structure of chainlink's github code is fundamentally flawed after the Pivotal tracker server crashed due to the core attacks on the network enabled by its corrupt data inputs and outputs, what this really means is that by attempting to solve the oracle sybil resistance issue it instead allows customers to bypass the encrypted hardware and even hack into the smart contract Intel SGX mainframe, unless they manage to increase the signatures and scalable nodes, which isn't likely considering the Google backend isn't compatible with the legacy JSON systems and Solidity language from the EVM in the Truffle stacks, that's why the ic3 and SWIFT engineering teams developed the ISO 20220 standards but it's centralized and susceptible to the 51% front running program so yeah basically Sergey didn't foresee that the enterprise customers and cloud blockchain dapps would never allow their protocols to rely on these permissioned host mechanisms thus rendering the LINK ERC 677 token obsolete and no serious developer would consider DLT technology in these conditions, sorry linkies I'm just telling it how it is.