/biz/ - Business & Finance

>>16683556
Your face when it only does this for 1 minute before it dumps to 0.01

My delusion is waning a little bit, not much but it is.

>>16683556
>>16683556

>>16683560
imagine being this deluded

YFW it reaches new highs but you have retard bagholding syndrome so you dont sell, and then watch all your profits evaporate as it reaches back to previous lows

>>16683575
I dont have to imagine it, i am a link marine and i've suffered it

>>16683588
witnessed!

>>16683556
>Your face when LINKreaches a new ATH in 2020
it wont

Reasons why Link will fail

1. Zero customers, zero need. No one is going to pay for information to be inserted into a smart contract. That's what an oracle is supposed to do. The problem is a x100 calls costs a x100 times whatever Link charges. If you have to make thousands of calls, that's hundreds of dollars in Link tokens. If I were a dev, it would be much simpler to just make my own call to whatever data I needed.

2. Zero development, all marketing. Link has hired shills, link started on biz and Sergey himself got the inspiration to post, network with and contact people on biz. That's why begging is not allowed on biz, because after link a lot of other tokens tried to copy them. There's a lot of disingenuous shills saying that Link was only made for business cases and biz was never supposed to discover it. Quite the opposite, it was made first as a marketing token.

3. Deceitful. The Link team lies continuously; they'll attend a conference (SIBOS) and say they're partnered with Swift which is a banking protocol that handles these bank conferences, implying that they're going to handle data for big banks. They contacted the Google dev to make an offical blogpost and thus said that they're "partnered" when in fact, it's just a mention. They stretch the truth.

4. Zero transparency. Link raised 32 million in it's ICO. Since then, we have no accounting of their funds. They market dumped twenty to thirty million worth of chainlink (we still don't know the full amount) and never said a word about it. They're still dumping here and there, even larger amounts and believe they are free to do so at any time.

5. Cult-like behavior. 90% of the memes made by Chainlink pose Sergey as this kind of messiah. They encourage zero compromise grounds that anyone should sell their token. They encourage people to buy their tokens despite; mortgages, spousal issues and even when their "investors" are homeless they'll encourage people to buy more.

Time and time again the partnerships are fake, the integrations are not really full integrations, half the time it's mis-marketed, the promises are false and the hype is all fake. I have never ever met such a bunch of deluded fucking idiots in my life; not in churches, not in any other market, not anywhere else for that matter. The sheer level of hypocriscy and the fact that it's all so see-through, I mean you can literally see chainlink behind the promotion, it's like you idiots just bought the shittiest marketing stunt of all time. You're the type to cry when you see a mcdonalds commerical or see a coke billboard, that's how hard you've bought the consumerist, nonsensical tech bullshit lies of sirgay.

Jealous over what? In sats Link has done a x4 in a year and started hitting a marketcap range that's extremely difficult to break through to the perceived limited upside. There are numerous other projects that have massively outperformed it. But for linkies that have held this long it's more emotional now than logical.

A prime example of that is Chainlink needs to hit almost $10bn to do another x10 from here. That's EXTREMELY difficult, especially in this bearish market, yet most Linkies are probably only sitting on a few thousand $ worth of link at most. Maybe a few tens of thousands if they're very lucky. So congrats, an extraordinarily difficult x10 from this point will net most linkies $30k-$100k. Hardly life changing for most.

That's what emotionally driven trading will do to people.

>>16683672
Mmm based>>16683681

>>16683672

Current top 5 leader board in ETH gas users.

Chainlink customers are currently using the oracle network and the network is growing. don't be surprised if we start hearing Chainlink, the only project to be in an uptrend through the bear market, pushes Ethereum to move faster and implement ETH 2.0.

Eth doesn't have the luxury of moving at their own pace anymore because of Chainlink.

>>16683748
This. Most bullishness indicator is actual usage and demand. After years of empty promises and getting scammed biz doesn’t see the real opportunity.

>>16683777
Checkeddddd and basedpilled. Link 1k eow.

>>16683748


Much of that is actual token holders executing transactions because they want to pump their bags, so they execute small orders. Secondly, a lot of that is the actual heartbeat network, chainlink themselves running continual orders to "ensure" their network stays afloat, essentially make it a talking point like you have here. We know zero actual people use chainlink because there are NO DAPPS that actually use their service. Zero. None.

And there never will be, because the cost of using their API will exceed hosting costs such as AWS by many, many multiples. If they wanted to become like AWS for information retrieval in terms of cost, they would need tons of infrastructure which I haven't heard a single peep about. Just more useless marketing which devs, shills or however closely related you are to the team, post here.

The idea doesn't make sense. The service doesn't make sense. And even if it were to, the costs, gargantuan as they are, would not make sense for any company... particularly small startups with zero budget. This is why chainlink is so desperate to show some development by other tokens (the infamous MOAB deflationary token tweet) so that they can marketdump some more and continue their marketing.

Lastly, before I finish this proper spanking and send you home, the service you are referring to is just a contract side price query for Ethereum. Useless because I could do the same thing for ZERO cost with this,

https://api.coinmarketcap.com/v1/ticker/ethereum/

or

https://api.etherscan.io/api?module=stats&action=ethprice

Are you seriously telling me you retards spent over 50 million trying to do that? Create something which I can get a link for and execute immediately then send to a contract I control?

Either one of these services cost zero unless I were to make many calls. Let's compare. It costs me about $600 to make 10,000 calls daily... for either one of those APIs... chainlink costs about I think a third of a token?

1/3 of Chainlink, let's give you guys the benefit and say it's $1.00, so about .33 cents. Let's round down more. 30 cents. It costs me 30 cents a call.

10.000 x .3 = $3,000 for one day

vs

$600 for one day

Let's pick the shortest month of the year, 28 days. So in 28 days it would be...

10.000 x .3 = $3,000 x 28 = $84000 (a dev's annual salary)

vs

$600 for one month

Hmmm. Even if they got the cost of their API down to a fifth (which they won't) and the PRICE WENT DOWN (contrary to what the holders want), it would still, NEVER BE AFFORDABLE

Chainlink from the get-go and even TEN years down the line from a business, dev and tech perspective is...


1. UNAFFORDABLE
2. USELESS
3. NOT NEEDED
4. OVER-ENGINEERED
5. LIMITED

Using an ON-chain API means, slower transactions due to querying data on chain. Extremely high costs. And if ever, ever, ever used it would be such a limited niche use-case that in most cases devs would create their own "oracle."

You guys have been suckered in for the greatest scam in probably the 21st century.

>>16683672
>If you have to make thousands of calls, that's hundreds of dollars in Link tokens
Ah go fuck yourself. Threshold signatures. Fuckin troglodyte.

>>16683748

Lastly, you fucking lying scamming fuck.

Those indicate transactions on ETHEREUM.

Why is TETHER no.1?

BECAUSE THEY HAVE THE MOST TRANSACTIONS.

That doesn't point out chainlink api usage which in real world cases is FUCKING ZERO.

Just how many chainlink tokens are being passed around WHICH IS FUCKING BAD because no one is HODLING this piece of shit, only dumping.

>>16683816

Wrong.

There are providers and users at this time. Sythetix being the first. Ampleforth the 2nd, and just this week Loopring being the 3rd.

The first set of users for Chainlink will be the Defi space. Derivitaves, Dexs, Lending.

Now you have to ask yourself how much money is running through those platforms. how often do the need to call on the Chainlink data feeds. how vast is the network that Chainlink is supporting. Whatever number you come up with is growing exponentially every day. new users, new contracts, new feeds, Eth gas usage, demand for LINK token. all going straight up.

Watch out. This time within the next 2 month sis gonna be scary for the Ethereum chain. Chainlink is literally pushing them to develop faster.

>>16683672
>>16683867
cuck

>>16683874

TRESHOLD SIGNATURES

are for the ETHEREUM network.

AND IF THEY ARE IMPLEMENTED

It means waiting 30+ seconds for a call

Again... adding to the time variable.

Maybe if you niggers knew anything about comp sci you wouldn't spouse such nonsense you DON'T UNDERSTAND.

THRESHOLD SIGNATURES MEANS...

Taking a bunch of transactions
>your mom
>her nig bf
>your cuck dad
>your whore sis
>your neet ass

WAITING... and then grouping them together as one lump sum.

YES. It would reduce cost.

BUT... it would increase call time by about X1000 the wait.

THERE IS NO WAY AROUND THE CAP THEORM PROBLEM, PIC FUCKING RELATED

MATHEMATICALLY IMPOSSIBLE

>>16683885


Hey Everyone! IDIOT ALERT

Your an idiot if you think comparing Tether usage to Chainlink usage is a bad thing.

by the way Chainlink will surpass Tether within 2 months.

Watch for the next implementation.

>>16683556