/biz/ - Business & Finance

We know.

>>14887325
Didn’t read not selling

Is 3k link enough to make it guys??

>>14887341
How new are you? Anyway the answer is yes.

Hodling my CHAD 50 link stack

EOS COINBASE INVITE earn $10 free EOA
https://coinbase
.com/earn/eos
/invite/25hgyqsv
Delete the spaces after “Coinbase” / “eos”__

>>14887341
With staking returns of 5% per year and a price of 1000$ you can do the math on your own. We all gonna make it fren :)

>>14887325
so golden!

Im lil'zoom and am getting a really fucking shitty packing facility wagie job atm for higher pay to stack up on linkies. I really fucking needed some hopium. Thanks.

>>14887325
Are you Rothschild anon, from 2011?

>>14887341
By 2022 or so, yes.

>>14887442
No. But I bought BTC in 2013 and am now all in LINK. One of the most interesting things about this token is the amount of BTC OGs that ended up buying into it. The circles I run in are extremely heavy handed with LINK, and they definitely aren't selling.

>>14887529
I want to discuss monetary philosophy with someone, but this board is retarded. Care to join in conversation? I am in no way an early adopter, 22 atm so was a bit too young to buy at your entry point.

>>14887513
Thats a long wait :(

What are your EOY price predictions? Do you have high hopes for Sept?

/ourjeet/ thinks $300 is an understatement for links value come november this year.

>>14887552
Shoot. I'll preface my response by proclaiming that I do not hold BTC anymore and never will even though I fully expect it to appreciate in value.

>>14887562
If you can't wait 3 years to make 1 million off a 10k investment, you literally have zero chance of making it in life.

We'll see double digits this year, but not over $20.

>>14887574
Well, as Rothanon posted some time ago, money is a means of power. This resonated with me a lot, as money inherently holds no value. It is debt that gives people power over people, and it just so happens that debt is payed in FIAT. Do you believe the world will change it's power system without a fight?

>mining info
literally begging anons to give away their data for free. KYS OP

>>14887597
>>14887574
What is your hedge in case of a collapse, do you aim for power or financial freedom

>>14887597
There's almost no chance of significant change to the world's current monetary system anytime soon. Too many people are asleep at the wheel and don't realize how fucked over they are. New experimental finance models will emerge and be successful but there won't be any chance of them becoming a global success until the boomer generation dies off. (((They))) will not let any type of new system to take hold within the next decade even as money takes new forms.

>>14887602
He said not to share your stack size, fren.

>>14887605
I'm already financially free. The best hedge you can make is a modest style of living with the least amount of bills you can handle within a normal comfort level.

>>14887602
>Can't read

Any chance of this whole derivatives moonshot kicking off earlier than the mid-2020s?

>>14887699
look to the sine

>>14887661
will my neet node make me some nice passive linkies?

>>14887699
Not really. It will happen but it will take time. It's extremely tough to introduce a new way to do derivatives even though the cost savings are obvious. It's the "if it ain't broke, don't fix it" mentality.

$5 shitcoin. The enthusiasm you feel is not felt by the majority of the crypto community, they're as impressed with other coins as you are with LINK. Thing is, their tech is superior and their success isn't driven by memes on imageboards. Herd mentality and FOMO has got LINK this far, but popularity will ultimately be as irrelevant as shouting "bitconnect" on stage, it's the tech which will determine which coin becomes 'the' crypto.
No matter how successful LINK may become, with a coin supply between 350m and 1bil, each coin will still be worth fuck all.
Reminder that the dev is cashing out right now btw, lol. And still you cling on to this catastrophe as if it's going anywhere.

Buy KMD. Buy XSN. Buy XMR. LINK is over. Sir Gay took his money, you can bet he'll quit the project soon, he'll be too busy spending your money on fucking your little sister and her friends.

>>14887597
"by gifts one makes slaves and by whips one makes dogs"

You are correct in your presumption that debt is power and power is money, but I fail to see what you mean by your question. The only power system is the dollar as the reserve currency together with the petrodollar (although the petrodollar is arguably archaic and exists in name only). If you're wondering whether people will dump fiat and adopt crypto then the answer is a definite no.
>>14887638
has the right idea. Fiat allows an unprecedented degree of control that, on an individual scale, is hardly recognizable, but on a collective scale makes a huge difference in the long-term. With the dollar as the reserve currency the USA can, for example, pressure foreign governments into buying up dollar reserves whilst borrowing more money through its own citizens via bond issues then, once enough dollars have flowed out, simply print more money to pay back its own citizens whilst foreign governments hoard dollar reserves. FREE MONEY. Likewise, if government debt ever spirals out of control the government can print more dollars to inflate away the debt, effectively extracting their citizen's wealth.

For the individual such things are a severe violation of liberty, but on a collective level it's the only thing that keeps this whole house of cards running.
Now imagine a scenario where people adopt crypto instead: the government cannot use monetary policy, nor can it enforce fiscal policy.

>>14887730
Doubtful unless you are paying for premium APIs.

>>14887776
I haven't been on Biz in a while. I hope this is new pasta because it's good.

>>14887779
With a government that uses deflationary cryptocurrency monetary policy is useless because it hinges on the creation of debt capital: literally printing money; a delicate balancing act keeping the value of the currency relatively stable. Fiat is inflationary in nature because it allows easier debt service and incentivizes investment.
Deflationary crypto incentivizes hoarding and therefore leads to wealth concentration and inequality. Monetary policy has no meaning with deflationary crypto because you cannot freely create more crypto; it must be mined or staked. Whilst arguably negligible resources are expended running printing presses for fiat, most fiat pumped into the economy is only a number on a screen. Crypto PoW requires an investment and PoS requires hoarding.
tl;dr monetary policy for deflationary crypto is impossibru

Fiscal policy is useless, too. Recall that fiscal policy is forced redistribution of wealth; the government claims that it can more efficiently allocate capital than the market can. The government coerces citizens through violence, or rather the threat of it, to extract wealth from makers to give to takers in the belief that this wealth distribution injects capital into the economy which then flows through and creates a net benefit, although measuring such benefits is quite a stretch.
Recall, too, how crypto incentivizes hoarding and note the inherent security of it: only through extreme violence (and prior knowledge of who possesses it) can crypto be taken from an individual. Fiscal policy for deflationary crypto is also a non-issue because it relies on coercion and violence which for crypto is non-enforceable and thus a non-issue.

TL;DR governments will never rightfully accept a transition to deflationary crypto because it would mean the death of them

>>14887325
I'm always impressed by the stupidity of the shit I read on this board.

>>14887852
You know it's vain to read your own posts, right?

>>14887653
>>14887674
what is qualitative data?
They gave up on quantitative because all they got fed over the last 6 months was pure shit and back testing probably revealed it.

Don't feed anybody accurate data, neither quantitative, nor qualitative, NEVER
do that on plebbit, and stay there

>>14887776
>$5
so double my money? great

>>14887842
This.

>>14887938
doubling your money in crypto is nothing. it's a fucking loss if anything, because you wasted your time and money on a piffling x 2, and a precarious one at that, when there are moons like XSN out there awaiting your buy orders.

>>14887951
Have fun getting rekt faggot. LINK is a sure thing to appreciate in value. When you see something like this, you go all the fuck in.

>>14888034
yeah, it'll probably double in value, but so will DOGE. x 2 means nothing on these markets, i'd say most nights there's probably at least one coin doubling in value.

>>14887776
XSN needs to show us the Mobile Lighting Network 1 click swap Wallet first...if they do that then I believe them they are also capable to finish that mother fucking DEX that will shut down everything else out there

>>14887951
You do know shilling an unrelated shitcoin in your reply immediatly outs you as a pajeet right.

>>14887325
No ones ever getting my linkies, I'd chop my OWN damn head off before anyone ever touched my linkies.

>>14887585
>If you can't wait 3 years to make 1 million off a 10k investment, you literally have zero chance of making it in life
BASED

JUST HODL YOU IMPATIENT FUCKS

MOST PEOPLE DONT MAKE IT AFTER 70 YEARS AND ALL YOU NEED IS 3

JUST.

HODL.

>>14887325
Nobody knows I have any link, apart from everyone on biz.

[reddit space]

I'm fucked.

>>14888117
You know that one of the reasons you end up the way you are right now it is the fact that your mother kissed you on your lips on your first school day and since then you try to get rid of that strange but pleasant feeling,right?

>>14887370
Are little people going to be able to staking or is it just big throbbing link holders with the huge link muscles?

Complete the following if you believe BTC will exceed $1mil by 2025:

https://coinbase.com
/earn/eos
/invite/k9zgbfj2

1: Blockchain protocol for fast scalable transactions
2: Delegated proof of stake
3: Fast free transfers
4: Stake EOS tokens
5: Upgradable smart contracts

https://coinbase.com
/earn/xlm
/invite/d4fqbmxw

1: A decentralized protocol that unites the world's financial
infrastructure.
2: Facilitating low-cost, universal payments.
3: Transactions are fast, inexpensive, and global.
4: To issue, exchange, and transfer tokens quickly and efficiently.
5: It relies on the cooperation of trusted nodes to confirm transactions.

>>14887585
I hope it doesn't go too high just yet because I'm one of the late coming "you had 2 years" folks and I want to buy some more.

>>14888034
hey, man. Long time fan. I can tell it's you.

I think this one will be one for the books.

ITT people that think they can predict the outcome for LINK, putting out low key fud. If you really think its not going above 20$ this year then you should swing your stack mr.buffet.

>>14888242
Join a staking pool and you'll make money.

>>14888331
>bought BTC in '13. Considers hinself an early adopter..

>>14888242
There will be a line of people willing to suck your matzla balls for the chance to be able to use your LINK for staking/nodes.

>>14887730
>>14887781
If you didn't watch the presentation from the other night you will have no idea wtf is going on. Neet nodes btfo but for all the right reasons. It's highly doubtful you'll even be capable of running a node

>>14888358
Who the hell would want to run a node when that shit will be worth 1000$ a token very soon. By that time you will want to go do something instead of running an international chicken tendie derivatives node.

>>14887842
You're right, but which would you rather
>fall down and break your leg, go to hospital, get it fixed, get billed $3k - insurance
>fall down and break your key, hi to hospital, get it fixed for completely not cost at all (as govt covers cost from tax which you still pay in above

>>14888358
I didn't get to see it. Can I get a QRD? Or, barring that, a source to watch it?

>>14888066
You're retarded if you can't see that link won't be speculative therefore will not follow the price trajectory of 90% of other shit coins.

>>14888331
>>14888354
This sounds promising.
I just hope I can get enough link in time before it becomes too expensive for me to afford.

>>14888389
>pay for constantly breaking bones when you don't
Vs
>pay for your own problems when they arise
One of these devastates the poor and it's not the capitalist method.

>>14888427
Good luck. For real. Just don't swing your linkies, its not worth the risk.

>>14888397
https://m.youtube.com/watch?v=9bR5CKmugqo

everyone should watch it, there's some deep shit in there

>>14888435
Ok i doubt you'll be saying that if/when you unexpectedly have to seek emergency medical treatment

>>14888449
Yeah I'm too brainlet to doing any kind of actual trading so I'll leave that stuff to the folk with the coke habit and the cash they can afford to lose.

>>14888504
That lifestyle is pretty much a myth, most traders got their assholes rekt throughout the bear market. A lot of traders still getting rekt today. Anyone telling you anything else is larping.

>>14888435
>what is the NHS

>>14887370
Where does 5% come from? Is there any actual numbers for returns on staking?

>>14888529
I do see that most people lose money on trading.
Considering that the money & tech and the phd level folks and general what the fuck ever it's not that surprising most folk fail.

>>14888555
>>14888577
Nice checked

>>14887335
happy birthday

>>14888696
LINK 347$ EOY

>>14888463
If you're still here brainlet, maybe this will explain things for you. Sergey is trying to make Chainlink a real thing, something that will have genuine demand and use. Part of that will obviously include having a large ecosystem of independent node operators forming the Chainlink network. People who have talked about NEET nodes making a living off staking aren't quite getting the full picture. The reality is that right now the standard is quite high to be a node operator, you need to prove that you meet certain security and performance standards. Then on top of that if you're going to be supplying data for certain data feeds that cost money for you to purchase an API key those things can get really expensive really fast. This makes running a node a non-trivial task both from a maintenance point of view and a capital point of view. This is bad for NEETs, but quite bullish for Chainlink overall. Why? If being a node operator actually requires non-trivial amounts of effort then that means these node operators need enough of an incentive to actually run these nodes which is where the staking rewards comes in. If running a high quality node is something anyone could do with no effort and no capital then the value of Chainlink purely from a monetary perspective can't be that high. Bitcoin is at the price it's at now because it's an expensive operation to mine now. Obviously Chainlink isn't the same thing, but the general idea isn't far off.

>>14887325
Nothing we don't already know, but it's worth repeating. It's also worth reiterating to never, under any circumstances, show your power level! You read the white paper, DYOR, followed the breadcrumbs, and put your money on the line. No one is obligated to one red cent of your stack. The (((MSM))), boomers and NPCs will be just as dumbfounded and frantic as they were in 2017. They'll ask if you heard of Chainlink and if you invested in it in hopes of getting a sliver of your stack, just like with BTC. Just say you've never heard of it and keep your mouth shut. You'll never be able to get any peace and have to deal with people trying to leech off your for the rest of your life once that information is out there. So it back, get comfy and enjoy the ride frens.

>>14888862
Holy shit learn to read, I said "for the right reasons" - I agree it's bullish af

>>14889000
kys

>>14887325
WE ARE THE LINK MARINES AND WE ARE NEVER FUCKING SELLING

>>14887387
Hold strong brother. I've been doing the same shit for over a year now. Working like a slave in a shitty job just so I didn't have to miss out.

>>14889012
Nigger eat my shit!

>>14889143
kys

>>14889164
Suck my dick bitch!

>>14889174
Based and filthy NEETpilled

>>14889174
kys

>>14887335
Happy birthday bud. Now get to stick'n.

>>14888556
Of course not. Staking isn't even a thing. It's somewhere on the (non-existent) roadmap, right after decentralization.

>>14888577
>PhD
Only PhD in the Chainlink team is
>Pump it High and Dump

Have you ever had a massive opportunity sit right in front of you? What's it like to picture critic multi-generational wealth that you and your future descendants will log enjoy? How much time have you considered that your struggles now will seem like a distant old you within a few months? Do you get the metaphorical implications of having your ducks in a row? I hope if you're reading this you do understand that with great wealth comes much greater responsibility. See that you become more prudent with regards to having your life in order and making sure that you're doing the internal work that you need so that you can enjoy your new life. Link Marines must a firm and strong. You've helped through the hard times, why not enjoy a much brighter reality?

>>14889307
remind me why the devs are cashing out then?

>>14889342
Dumb nigger

>>14889342
I was once like you, I was one of those guys that ignored link. I didn't get the inside joke of the investors. I fell for the fear uncertainty and doubt until about early December when the price what's around $.50 or $0.60. Keep in mind that I sat on the sidelines and remember when the token was under $0.20 and laughing at people who I would call delusional link Marines until one day I became one at $1.25.

I'm not sure what it is about this board, I still have yet to put my finger on the special abilities at the link Marines have as a collective, but I am wholeheartedly grateful for the opportunity that they provided to me. I just wish that I had bought in a lot sooner.

>>14889432
the devs are cashing out, this shitcoin cult stands no chance

>>14889481
Don't say that you were never warned to an opportunity in front of you of buying link under $3. Try not to picture and be too embarrassed in the future when people are talking about link when it's at $500 and you give an idiot puta tell us arguing with some Anonymous guy who's actually kind enough to explain to you that you're making one of the biggest mistakes of your life by ignoring Financial Independence when it's literally this easy at this point of time for you. Try not to be too sensitive when you see the reactions of people's faces in the future when they say, "wow he legitimately had a shot. what a loser."

There's a reason why it's not a good idea to be a no Linker in the future but I won't fill you in on those details because I'm talking to a deaf ear.

>>14889481
it gets to a point where i actually feel sad for anons like this, i know its just linkies fudding their own investments/discord trannies but we have such little time in this world and this is what you do with it. do you think you will look back on your life and your mountains of paragraphs of link fud and be proud? such a waste of an existence

>>14889533
>when it's at $500
where is this half a trillion dollars coming from?
one billion coins times 500 dollars?
you do know that every dollar in the form of cash in existence only totals 1.2 trillion, right? you expect almost half of all dollars on planet earth to be invested in link? it's farcical.

Sergey works in miraculous ways.

>>14889583
Could give you a few bread crumbs but those days are long over with. In the past, it used to be very easy should be smart enough to get useful info if you look good enough. But nowadays our time is costly, and most early adopters are not kind enough to even give you the time of day that I gave you just now. Always remember that you had the chance for financial independence by being an early adopter and you chose to make your descendants live a life for lying one universal basic income and whatever scraps artificial intelligence decides to throw it to your line. There's a reason why early adopters are most based, we saw this s*** way ahead of time, and we had our ducks in a row. You'll find out the life of the other memes for those who chose to ignore our call to action. Never say that you hadn't been warned. Promise me that much. You stand on the wrong side of history.

>>14889583
this has to be bait

>>14889648
you're taking forever to say nothing. this cult is childish.

>>14889648
Dont waste your time on that retard

Btw is 3k link enough to make it

>>14889691

They used to say that about Steve Jobs in the 80s.

>>14889697

>>14889710
steve jobs didn't sell out after 2 years

>>14889736

Neither does Sergey.

Why is this retarded thread still alive? Why are you all so fucking dumb? I remember when this board wasn't complete shit.

>>14889753
I don’t

>>14889583
You're a retard, that's not how marketcap works
>>14889736
Steve was the second biggest waste of air that lived... the first being you anon

>>14889583
the absolute state

>>14889789
Aw lawd he comin

>>14887325

>>14888888

It's really simple: you don't want to multiply your money by at least a thousand, don't buy link.

>>14889697
3000 link is enough to make it but you're just going to have to wait longer compared to those who have stacks of 10,000 link or more.

>>14889789
aw lawd he comin

>>14889432
It's being able to filter information for truth. Exactly what link was made for too.

>>14889933
Wow you mean having more of something will make your net worth more than someone with less of that same thing?
Groundbreaking thought

>>14889972
>Exactly what link was made for too.
Mind = blown. How did I never realise this obvious comparison before? Does this mean chainlink is anon in a tokenised form?

>>14890102
Underrated

>>14889933
But arent we all going to dump at 1000$ tho.. or is that a meme now

>>14889972
Those who said Sergey has no vision (the same speech!) have not been paying attention, particularly to his earliest appearances.

Chainlink is being constructed to fill the role of an idealised arbiter of truth, connected to the most perfectly dispassionate executor, in the form of public smart contract chains.

This is in fulfilment of the deepest Platonic ideals of contract and governance that have ever been conceived, but which have remained out of reach, mere approximations even under the highest forms of lawful Republic, as at every step human capriciousness asserts itself and corrodes the final product, the freedom of contract found when our pledges are given force by Leviathan. Alas, ‘from the crooked timbers of humanity, no straight thing was ever made’.

By redrawing the locus of consensus as that of a precise ledger with sound game-theoretical guarantees at its edges, and iron-clad stricture within, rather than a continuously renegotiated knife fight, the level of trust required to engage in mutually beneficial enterprise plummets precipitously.

But what does it plummet to? The trust required is now neatly circumscribed to the trust in the information delivered unto our new Leviathan. There is fortunately a market for this trust, a pool of agents who are willing to stake their reputation and collateral on any piece of digitisable information on which it is possible to come to consensus. The truth is a most excellent Schelling point, and one which well-incentivised agents can reliably settle on.

Do not underestimate the power and the generality of this arrangement in its maturity, nor the amount of human and economic potential that this will unlock.

Welcome to the trust market

the link shit has gotten so cringe

>>14890083
I have been finding treasures in places I did not want to search. I have been hearing wisdom from tongues I did not want to listen. I have been finding beauty where I did not want to look. And I have learned so much from the LINK Marine journey I initially did not want to take.

>>14890185
For you

>>14890228
I like this because there's a guy I know who acts so superior because he's getting his law degree. Meanwhile I'm investing in something that will substantially lower the value of said degree.

>>14887325
ur dumb

>>14889583
Bruh you have to free your mind from the market cap meme.

>>14889533
Linklet Dysmorphia/Linklet syndrome is real.