/biz/ - Business & Finance

>>15799240
It's a cult

>>15799240
collective decentralized autism within a high pressure memetic environment

>>15799245
No, really. Get me out of here, please.

November 2019: $2,4
March 2020: $4
September 2020: $6,2
October 2021: $58

IT IS ALREADY WRITTEN

>>15799240
ETH wasnt a cult. LINK is hivemind pajeet shills that buy all the supply making it easy to pump

Because what's the point of having higher TPS platforms if the smart contracts being executed on those platforms are just shuffling shitcoins around.
This issue has been obvious since 2016 when Ari laid out "the 5 problems facing smart contracts" at IC3, the crypto "community" is just so fucking retarded and lazy that people are literally only now catching on.

>>15799272
The eth memes were the same. All the vitalik pictures that were posted....

>>15799262
Exactly this

My theory is this.
Crypto markets are unregulated, therefore they are highly sensitive to shilling.
Biz is a major crypto trading forum, but probably one of the smaller ones. If something is being shilled hard here, it's being shilled even harder elsewhere.

Shilling does work. Whether it will work strongly enough to sustain price increases when the shilling stops (or even leads self sustaining shilling) is a bit of a crapshoot.

It's like pumping and dumping. If you're behaving a normal person and buying because the price is rising, yes, you'll probably lose out. But if someone involved tells you "we're going to pump from today and dump in 7 days", you can make a lot of money by essentially participating in the scam.

>>15799265
Blood in blood out dawg. You get rich or die.

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!

>>15799240
>How did /biz/ do it? How did it get it right twice?
because /biz/ calls literally every single shitcoin token the next big thing
even a broken clock is right twice a day

>>15799240
Because it is objectively the best project out there that will likely change our civilization in ways you can’t imagine.

>>15799272
how they buy whole supply if 75% is in hands of creator? Very unstable, easy to manipulate

>>15799240
delusion but none of them seem to consider that it will destroy itself (and eth) with any kind of adoption and usage.
link shills talk about all kinds of ridiculous usecases that would require 100k tps, bare in mind eth has fifteen(one-five!) tps best case scenario

>>15799265
Part of the crew, part of the ship

>>15799556
>tps
Tps guy here talking about tps, in a LINK thread, in 2019
You'll love tron

>>15799565
idiot, what happens when your node runs a job?

>>15799240
Link makes oracles and that's the only thing they do. Sergey explained it really well. They are a very specialized/unique project. While every other project was memed into eth 2.0 or somet shitcoin with absolute no target, they understood, 2-3 years before everyone else, what theblockchain space was going to need and developed that.
Oracles are needed, defi projects are showing up, legacy systems want to dip their toes into blockchain, and every shitcoin will need data.

>>15799556
Blockchain agnostic. Also threshold signatures.

>>15799586
A job for which blockchain?

>>15799240
>How did /biz/ do it? How did it get it right twice?
Hold up homie.
I think you're a little early, declaring a victory before it even gets started.
Don't get cocky, there's still a lot that needs to go "just right" before Chainlink is in actual everyday use in financial instruments and LINK bagholders can claim they've "made it."

Hopium is a fun high but let's keep our feet on the ground for now.

>>15799240
reminder that LINK is NOTHING like ETH.

1. ETH had a testnet with thousands of users and finished mainnet 1 year after ICO, and only raised 16mil. Chainlink had a testnet and mainnet with ZERO users after 2 years and 32mil. It has gained ZERO adoption (the partnerships aren't using it). The level of developer adoption and excitement for ETH vs LINK is absolutely incomparable, LINK has none.

2. The Ethereum tech was actually innovative. It was the first successful attempt at a smart contract platform. It was decentralized and working one year after ICO. Chainlink only has centralized oracles (Sergey is lying about decentralization) which are not new or innovative. Their "innovative" solution to sybil resistant consensus is KYC.

3. The Ethereum foundation only had 1% of the Ethereum supply after ICO. The Chainlink team has 65%. Also when Ethereum was $1, it had a market cap of less than $100,000,000. It was actually a low market cap gem. Chainlink's real marketcap (if you count the 650,000,000 tokens in Sergey's wallet, ready to sell) is currently $2,000,000,000, which makes it an incredibly overpriced top 10 coin, not a low market cap gem like Ethereum was at the time.

4. Chainlink has already had mainstream exposure. It's made the front page of crypto subreddits countless times, was covered in forbes and every news outlet imaginable. Yet, even after all this attention, it has failed to get any developer adoption. It is fair to say that every single dev in the space knows about Chainlink, and decides not to use it. There are many projects running oracles in production, none of them choose to use Chainlink.

>>15799556
>Delusion, none of them seem to consider that the internet will destroy itself with any kind of adoption and usage.
>Internet shills are talking about rudiculous use cases that would require throughput megabytes of data per second, bare in mind current modems are rated up to 1200 b/s (twelve hundred bytes per second!) best case scenario

>>15799605
agnostic means it can be used from other blockchains creating more tx on eth, but if i am wrong about that, at a minimum, some link will be moved from one wallet to another for each job.
and no, threshold signatures are a meme, it literally says in the article it will test the cooperation of businesses.
competitors don't cooperate
>>15799606
doesn't matter, bar one (bsv which doesn't need a meme like link) if you count decentralized blockchains there are just a handful that all have shitty tps.

I see weather apps talked about as a usecase for link, weatherSV creates 2000-3000 transactions per block on bsv, think eth could handle that? nope. that's just one dapp....

>>15799436
You are a MANIAC

>>15799245
This. Tbqh I wouldn't have it any other way

>>15799564
Spergey Sparrorov sent me to settle his debt.

>>15799656
nice attempt, but link is the data stream and eth (the modem)
still
can't
scale

>>15799674
Yes fren, its you thats right, and not everyone else, including crytography experts, fintech architects and engineers

>>15799738
Yet. This whole smart contract eco system is still in it's infancy. Whether Eth pioneers a solution or some other platform comes along and dethrones Eth doesn't matter for LINK.

>>15799556
You have a low iq. Ask me how I know.

We also said REQ.
But being serious now, it's not hard. This website has the highest IQ userbase of the entire fucking internet. This simple fact will probably make you lose faith in humanity once you accept it, but this explains quite a few things. In a fight between two men between different skill levels, who will win? The undefeated champ that weighs twice as much as the opponent, or some skinyfat piece of shit who can barely even hold the gloves up? Even though the champ is undefeated I'd still put my money on him over the new guy, even if new guy has never won or even been in a fight before.

>>15799753
you should watch the enterprise talk from coingeek
>>15799754
link is an erc20 token, of course it matters, what if the eth chain dies and nobody mines it?
how are you going to fix the mess of anonymous nodes being compensated with tokens on a new chain?
>>15799767
i dunno, you're another deluded stinker?

>>15799858
I work in enterprise, chief, and tps isnt a conversation

LINKs contracts are portable to any EVM chain. Surely you know that with those couple loose brain cells rattling round up there

>>15799884
sounds like an oversight to me, every smart contract has to generate a tx...
time to find a new job?
the enterprises mentioned scaling and tps at coingeek....

>>15799960
Tps and scaling are important crypto "currencies", sure, this is why people like coingeek, talking about coins, are interested in tps. They are stuck in the "cryptos purpose is currency" mind frame

Write out the logic of a useful smart contract that isnt for purely payments/currency.
Observe the amount of times it hits the on chain logic, and compare to the times it needs an external input/output (oracle)
Remember chainlink is middleware, and only needs consensus of the x nodes you define. With a chain link ethereum, anything that needs to go on chain is "batched" for lack of a better word, using threshold signatures

The technology has purposes maybe you haven't thought of.
And no, no oversights

>>15800035
Excuse the poor writing, phone posting while taking a shit

>>15799267
FUCKING FUCK! I AM NOT WAITING ANOTHER 2 YEARS. LINK @ $250 BY 2020 OR IMMA START THROWING SHIT. AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>15800035
it sounds like you're only considering yourselves though. at scale, we're talking lots of contracts happening, imagine companies from just one industry using it, as well as the independent currency txs
lots of bottlenecks...
and think about your competition as well, that doesn't use eth, they can flood w/e chain you're using with thousands of tx and fuck you over at minuscule costs
this can't happen on bsv because the miners will literally eat the flood.
another thing with the ethereum eco system of multichain/protocols is security, i'm expecting vulnerabilities all over the place especially the offchain protocols, look at eos, tokens are being stolen all the time.

>>15800177
Ahhhhh, so this is just a bsv shill.Got it
Wont bother with logic

>>15800211
>i have no argument
ok

>>15799240
paid professional marketing shills

anyways fuck off linkers, we a monero board now

>>15799423
>If something is being shilled hard here, it's being shilled even harder elsewhere
Not true in regards to link. Chainlink has been exclusively a biz coin since the ico. The retards who hang out here are so devoted to it that they successfully fudded reddit just to make them miss out on cheap linkies. Pretty funny actually

>>15800233
Monero is the best crypto because you can embed it into webpages with XSS

i've been a software developer for 8 years or so and have done research into most of the projects that get shilled here and LINK is one of very few that has any legs. it's shilled nonstop because almost everyone who looks into it for a few hours comes to conclusion that it would have enormous implications if it were adopted. snowball effect.

>>15799777
Checked. /biz/ confirmed for highest IQ on the interwebZ.

>>15800433
kek if you're a dev and can't see that link is vaporware, you're a pretty fucking shitty one.

link is CENTRALIZED oracles. They haven't even started working on decentralization/sybil resistance. And if you're not larping and actually are a dev, you know how ridiculously easy and valueless centralized oracles are.

Developers hate Chainlink. It has literally got ZERO adoption from developers and their product has been on test net for like 1 year.

Imagine the state of non-technical linkers that think a product that everyone in the spaces knows about yet no one is actually using (because it's vaporware) will not go back to 0.2EOY

>>15800211
honestly dude, fuck the guy, but appreciate your posts. I see the TPS argument brought up often but pretty much everyone who brings that up doesn't really understand LINK and view it like a traditional crypto that is viewed as a means of money transfer

>>15799267
nope
7$ EOY
22$ 2020
13$ 2021
57$ 2022
211$ 2023

screencap this

>>15800563
Oracle is directly involved with chainlink. not sure what you're talking about.

>>15800598
yeah bro, literally zero txs
not really it's going to spam the fuck out of eth

>>15800624
no, it's a fake marketing partnership. but you're too low IQ to understand that. Just like you were to low IQ to understand Swift wasn't partnered last week at SIBOS, and 2 months ago that Google Cloud wasn't partnered either.

But you were proven wrong, every. single. time.

100% of Chainlink's partnerships are fake. No one is using it. "Partners" are just doing meaningless collabs to pump their shitcoins or promote their cloud services.

>>15800763
anon i...

>>15800737
the only Chainlink txs are wash transactions from the team themselves to make it look alive. Show me a single product that has users that is using Chainlink oracles. There are none. Whereas there's plenty of projects with active users running production oracles WITHOUT Chainlink. They choose not to use Chainlink, because it's vaporware.

>>15800763
>>15800788
>>15800563
>>15799645
why do you care about my investment?
It's my cash.

>>15799674
>agnostic means it can be used from other blockchains creating more tx on eth
What the fuck does this even mean? Link can be used on blockchain.
>threshold signatures are a meme, it literally says in the article it will test the cooperation of businesses.
Incorrect.

>>15800788
i can't lmao i am fudding this scam as well, pic related >>15800737 is sending a tx every 5 minutes
i wonder how eth will handle 100s or thousands of users doing that

>>15800818
it means it can read other blockchains data to use within contracts on ethereum
i can't find any info on whether or not it can generate smart contracts on OTHER blockchains, so i will assume it cannot.
>threshold signatures
>>15800823

>>15799314

Basically just this

>>15800818
On any**
>>15800866
>i can't find any info on whether or not it can generate smart contracts on OTHER blockchains, so i will assume it cannot.
Okay that's nice keep buying bsv.

>>15800895
i will, it's like a big chainlink/eth rolled into one
enjoy your unscalable mess

>>15799267
>>15800622
FUD deserves bans. This is a Link board.

>>15799240
sergey has been paying shills to astroturf /biz/ fulltime for years now in order to offload his shit ico and huge premined bags for a nice chunk of change.

Every board on 4channel has their own ironic meme for something that is terrible or a terrible idea.
/biz/ - Link
/fit/ - GOMAD
/o/ - Twingo
/mu/ - The album with a hitler salute on the cover
/tv/ - Sneed
/g/ - Gentoo linux
/ck/ - That youtube cook that fucks everything up every time and somehow still has all his fingers
/sp/ - The dog shitting?

Any more examples come to mind?

>>15799262

>>15801852
/x/ - summoning succubus totally works

>>15799738
Link is the modem, eth is the computer you fucking retard.

>>15799240
A lot of people on /biz are extremely good at planning for the future and making complex predictions. For this kind of people, if you show them a new invention they will be able to imagine a lot of possible uses for it and how the future would look like 10 years later with it. It makes sense for something that allows to fully use the blockchain technology to drive these people mad about the changes it will produce.

>>15799240
a lot of stuck bagholders
doesn't mean it wont go up though
just like nyzo had the early miner selloff done and lition primed for the next green candle

LFG

>>15800801
because you wont shut the fuck up about it. nigger.

>>15801933
Checked and screencapped
Made me feel better about myself

>>15799240
Many bought into the ICO and never dumped. The only true cryptos are PoW. Imagine buying into a coin where the team holds 65% of the supply. You're basically funding them without any working products. You believe they will release oracles, but where are they? You're not going to stake 10k or more link and earn enough to quit your day job.

>>15801852
/biz/ ironic pick was BitBean. People actually made money with LINK

>>15799240
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-4-5 years?

>>15800077
hodl faggot

>>15799436
>DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT
That's not how positive though works you absolute cultist loon. It doesn't change numbers, or make lambo's appear in your garage.

>>15801852
Pol
Day of the rake

K
Moist nugget

>>15799240
>Based in the cayman islands
>Gives same presentation past 3yrs
>Nothing is intellectually patented
>>nothing burgers starting with sibos 2017
>JSON Parser
>Countless "insiders"
>Confirmed security by law group
>Manipulated price action
>Rest of the year = same presentation (You are here)
>SEC launches investigation
>Sergey Disappears
>Dev wallet dumps all tokens
>Team freaking out
>Confirmed edit scam all over the news

Master, please binance me again

>>15799436
>>15799500
>>15799590

The more I argued with chainlinkers, the better I came to know their memetic ramblings. First they counted on the stupidity of their bagholders, and then, when there was no other way out, they themselves simply played up the end of the year (EOY) price. If all this didn't help, they pretended not to not read and not sell, or, if challenged, they ended the thread and reposted four hours later, quoted memes which, if you accepted them, they immediately related to entirely scammy matters, and then, if again attacked, they proposed all FUDDERs were actually chainlink holders and pretended not to know exactly why you denounced their scam. Whenever you tried to attack their beloved master sirgay, your hand closed on a jelly-like meme which divided up and poured through your fingers and they would repost the same four or five type of threads again. But if you really struck one of these bagholder idiots so telling a blow that, observed by the channers, he couldn't help but agree, and if you believed that this had taken you at least one step forward, your amazement was great the next day. The Chainlinker had not the slightest recollection of the thread before, he rattled off his same old nonsense as though nothing at all had happened, EOY, web3, swift protocol, oracles, we love sirgay and do something for a small amount of chainlink and, if indignantly challenged, affected amazement; he couldn't remember a thread, except that he had proved the correctness of his memes the previous day.

>>15799605
>>15799644
HE BELONGS IN JAIL

>>hide all link threads
>>report all link threads
>>get the fucking jannies to do their job and keep it to a chainlink general
>>no more pajeeting, get in the sticky

Send out as many reports as you can to the SEC for Chainlink, exit scamming, fraud and operating an illegal ICO. Do not estimate the power of positive thought! Together, we are all in this together, we can finally clean this board of this crypto-russian-canadian scam

SIRGAY FOR PRISON 2020!

>>15800433
>>l-le-let me telll you something, our token with paid promotion and 50 million raised on the backs of single moms and neets has scammed, lied and bought its way into its place led by a devious, sub-human, dumbass fat russian and look we made this happen *clap clap clap*

let me tell you something link scum. in one year link will be forgotten and while you fumble to load bullets into your mosin to hunt sirgay, he'll be on a yacht somewhere getting head from chink prostitutes circling the Bahamas as your entire networth shrinks to zero. there are hundreds if not thousands of crypto projects coming and stinklink will be dethroned soon enough.

>>15799240
the memes, of course

>>15799240
i dont exactly know how this works but the only thing i know is that it works out for a better future , i wish they this with other coins as well like Telecoin etc

>>15800622
>>just believe
>>trust me the source
>>weird esoteric shit that has nothing to do with tech
>>trust me it'll take off
>>it'll moon anytime
>>it'll be worth 42,000,000 per link easily
>>billions on billions marketcap, zero risk goy!
>>overthrowing jews and globalism
>>muh cope
>>muh hiring team
>>muh partnerships
>>muh dderivatives
>>muh radio silence means it's coming, next month!
>>muh, muh, muh

all we ever hear from you faggots

>>an army of shills, two years of insane marketing could only barely x10 a scam
>>now that the clouds are closing, sir gay is exit scamming

SIRGAY FOR PRISON 2020!

>>15803409
>i dont exactly know how this works but the only thing i know is that it works out for a better future , i wish they this with other coins as well like Telecoin etc

>>15803399
Geez. Do you incels do it for free? You guys are just like jannies.

>>15800624
>>15800780
>>15800801
>>15800823
>>15800823

He inhales deeply then takes out a Cuban cigar. Lighting first a $100 bill then using it light the cigar. You can smell the ashy scent lingering in the room as the smoke drifts up.

"Th-they said... $32 million dollars isn't worth my Oracle solution, that skinny meth twink vitamin can kiss my neet asshole. when the verizon singular happens, everyone will know...."

"No master, let me kiss your whale 65% ass. Dump it on me. I'll wait for the singularity."

"How about this singularity marine!" He screams as a shit flies out onto your chest.

Retarded delusions creep your mind as the raw gas of his asshole makes your delirious, you prepare yourself for the joy. you pucker up and smooch sirgay's asshole, the sharpie still twitching in your little link boipucci.

"Just imagine all the data being sanitized by reputation, like Uber. No sybil attacks, all ERC20 based."

He lets out another fart and grunts again.

"Another 700k!"

You shout ecstatically, "build that oracle solution, buy that towncrier! hire more devs!"

"I've give you something to cry about" He replies. Once more he grunts again and shits a violent flow of diarrhea, this time getting on your chin and lip.

"Hey man, where's the bathroom?"

"Oh sorry bro! we're jus-just doing a little thing here, we're actually the link conference here, bathrooms are to your right."

"uhhhhhhhhhhh" says the confused onlooker as he quickly scuffles away.

"I'll shill for you Master!" As you cry out, the sloppy heap of shit covering your body as it slides down.

"1k EOY is FUD!"

"No... I will give you the fud." He grunts again and proceeds to let out a gassy fart.

"Another 700k!" He cries out as he lets his sweet, hairy cheeks flap as another shit dumps out.

"Di-di-", the shit overflowing your mouth, "d-didn'... arghhh, didn't read, not selling"

>>15803420

No I'm paid in VID-T by VID-T team.

"Yeah, you like it linklet don't you? Who's my little marine? im about to sibos you up boy!"

"I am your pay pig NXT master, proud to be a link marine, I've been collect since thirty cents. Please... sir... I am a corporal rank bitch pay pig in your dungeon of neets, please Binance me again. im too fucking stupid to think for myself and will just keep buying your perpetual motion machine scam."

He pauses, inhales and yells "link 1000 eoy" as another turd mutters it's way out.

"Another 700k for expanding the team, Master?"

"No. For this expansion." He shits again as he groans. "All of these tokens need to go to startups, Sibos loved us so much, they didn't invite us back ever because they just can't handle their love for us."

"A Cambodian basket weaving fisherman enthusiast form is all I need for financial advice."

just then, a fat greasy figure appears in the door way, "Sirgay, you dipshit two-bit hack, where's my money!"

"I'm sorry Ari, I've spent it all on ughhhhhhhhhh! Sp-spen-spent it all on paid promotions and shadow networking to promote my literal shittoken."

"Well dump some more and then buy my company, you dumb faggot slav"

"yes master" sirgay puffs up his chest as ari leaves the room and begins to recite.

"You see, you can't pull data onto the blockchain, it's impossible, no one would ever create a simple contract to query Google."

You smile. "Yes Master, I'm your paypig. All FUD is actually from other chainlinkers. These magical whales are trying to suppress the price."

"No... I will suppress the price.... rgghhhhhh ahhhhh arghhhhh..."

"Thank you master. Web3, sibos, truffle, I will follow it all and I promise to scrounge up what little money I have to throw at this fancy database contract while you dump 700k, thank you Master"

>>15803425

>>15799240
https://youtu.be/1O-FajwO1Ng?t=567 explain this!

>>15803414
>out performed everything this last month
>uses that pic as bait
>>double arrows

I don't think you understand FUD works bud, you actually have to be semi-believable.

>>15802876
you are a MANIAC