/biz/ - Business & Finance

>past two weeks
try 5 weeks

>>19191366
When do you think VFR will be living on the main network?

>>19191366
It's not worth dog shit

>>19191432
And that's a good thing. No one outside of Mumbai prices things in dog shit, Poodar.

>>19191397
oh shit right

>>19191420
SIr Gay said they're in the final stages of security review, so I can't imagine more than a few weeks. But of course there's no way to know until they announce it.

>>19191432
T H R E E Y E A R S

>>19191366
Oh look, a thread that isn't shit. Get off of /biz/ right now

>>19191596
I was inspired by a generation of effort-posting anons, all I can hope to do is honor their memory.

What I've been thinking now is that the $1.3 Billion valuation given to LINK is actually the value for the fully diluted network. The true market makers probably have an idea of what amounts of LINK are reserved for what parties, and know that they will never hit the open market. Yes, LINK is being 'dumped' to incentivize and bootstrap the network, and Sergey certainly has enough tokens set aside for this purpose for years if need be. But when I think of the Chainlink network as a company worth $1.3 Billion, with yearly revenues of $2.3 Million and assets including 650 Million LINK ($2.47 Billion) it seems undervalued to me.

>>19191596

pretty much this, nice post OP keep em' coming

>>19191366
Nice analysis

>>19191366
Based informative post.

Good shit, no unexpected twists, loops, or even stretches of the imagination. Just a basic analysis of the simple facts, and put together in a way that considers their value as it relates to the project. I think is part of why we see this extended crabbing. It's hard to really say if it's under- or overvalued except for those who are intimately familiar with every little breadcrumb, speculation, and rumor. I do believe the breakout is going to be violent, and that the dumps will continue to supress things. We don't want moonbois or scare price swings because it can spoop the slower big boys of industry who are comfortable with the legacy system. As was said many times before the more agile and young companies who need to be nimble and find an edge will be the vanguard here. Once it's been proven and they've made a name for themselves, that is when the real money will start to move and we'll see the 4ir coming into bloom.
I won't be surprised if we capture 5% or more of cryptospace's value. As long as I'm able to pull 80k after taxes from steaking I'm comfii and retired. With a 50k stack I should be able to reach this point.

>>19192093
Lol what will achieve with my 500 linkies

It will take a year or two to make use of VRF, and the problem is in the hands of the man who holds 65% of the supply. This OP goes into the trash if all of a sudden another 100 million LINK hit the open market

>>19192093
Yeah that's what I think too. Sergey / CZ are unironically painting the chart so that it doesn't look like ETH's. They have to balance (ir)rational exuberance with the painfully slow and steady roll out of the network. At the end of the day that's what is going to take us to $1000EOY, not partnerships or integrations.

As much as I hate Twitter, especially Crypto Twitter the breadcrumbs there now better than here. https://twitter.com/link_hound especially, this dude kills it. This is still the best place for discussion and memes though. But as you can see from this guys digging, you can see that new nodes and traffic are constantly being rolled out. Slow and steady it seems.

>>19191366
Thanks, sirgey

thank GOD op for a not-shit-thread
thank you from the bottom of my heart
god i miss these

>>19192093
where would that leave a 5k linklet?

>>19192207
I think that VRF is going to be used from day 1. You can immediately start making fully decentralized, anonymous P2P gambling, (Poker and lotteries being a prime examples)

Not to mention the necessity of VRF to all PoS systems.

>>19192252
>>19192093
so let's see if I have this right.
Over the past year, the confusion and pain caused by the price action has caused a splinter faction to take root and grow. A schism that denies the coming singularity and even calls it heresy. These revisionists believe that all you need to make it is the canon of original breadcrumbs and any writings, even of the Link Saints, post Nov2017 are to be viewed with distrust.

>>19192252
Marine here, as much as a hate to admit it twitter does seem to have the best information now. Too many new fags chasing pumps like esh.

>>19191366

I still come here everyday. rarely do can I get some good info here anymore but still worth it as I have been able to find some gems. Regarding Chainlink... its simple, Chainlink has evolved from biz.

>>19192396
Better than a nolinker. LINK won't make you a millionaire with 5k, sorry. But it's the closest thing to a sure bet in all of crypto.

>>19192682
based on what exactly?? if chainlink is worth what xrp was during the last bull run a 5K link stack would be worth ~2M. Price predictions are dumb to make because there are too many variables and the interaction between these variables are too complicated to account for.

>>19191781
Ok boomer, throw me out some price predictions then.

>>19192766
>>19192200
>>19191544
>>19191366
Checked. Based thread.
If the charts are being painted to make-believe organic rollout, when do we start to see vertical movement?
Fuck me in the ass with a green dildo already.
20th ISDA open law looks bullish

>>19192766
You're not going to sell the top and you will have to pay taxes. 5k link is not making it territory. It's "wow that was a really good idea, I now have a big leg up in life" territory.

i thought VRF was already live on mainnet

>>19192200
It's a great start and you should pat yourself on the back here. I'd keep putting a bit in and get to whatever is comfortable but like guys with 80 and 100k say it's never enough. Everyone is kicking themselves for not putting in more when it was so obvious in hindsight. Even so, more is better than less. Just $25/wk is unlikely to be missed and future you will be very grateful for the sacrifice.
>>19192396
Same idea here, and that's almost $20k worth at current prices. Staking is paid in link and we expect number go up. So if it's not enough to retire from and consider a check each month just let it ride. Just an estimate but the 250 link/yr you hold could be worth a good amount in a year or two. This is moonboi talk now but say we 20x again. The 250 you held brings in more link each year and additionally has gone from being worth 1k to about 20k usd. You con still make it. A bigger stack con be tricky in some ways. Like the guy who sold btc at $5 instead of waiting to sell for $100. He had a shitload and it cost him little so why not? Besides just collateral and hoarders, this idea of wrapped link has me interested because it further diminishes available link. Any link put on another blockchain means that much less 'real' link available to trade. It's not a joke when people talk about the available supply getting sucked up and driving the price. Daddy sirgay has a lot to kick things off but even that much can't last forever with the kind of demand we're speculating for the post smartcontract paradigm shift.
>>19192520
It's coming like it or not. Sirgay is just considerate enough to give a courtesy lick and a bit of lube before tearing the industry a new one. I can see his reasoning and agree with it.

>>19193220
Keep buying 1 link per day minimum.

https://www.isda.org/event/online/isda-virtual-conference-digitizing-legal-documentation-2020-05-20/

>>19191781
You're thinking along the right lines, but if you're going to categorize LINK spent in oracles run by 3rd party node operators as "revenues", then you should widen your definition of "network" to also include them.

If you do that, the valuation is (maybe only slightly) above 1.3B. It's 1.3B (LINK) + Fiews + CLC + Linkpool....

How do I join them? Thanks for starting a decent thread OP, these discord fags today.

>>19191781
lmao don't flattert yourself. Just from reading your two posts I can tell that you are legit retarded and should never ever try to make a "good" thread on anything ever again

>>19192783
$1000 EOY CHECK EM

>>19192793
I think the singularity is going to be a slow (for us) drawn out year of 10%-20% week over week as the network grows. Partnerships are great and will pump the price, but they won't keep it high. We need network use _ staking.

>>19193083
Nope, just testnet

>>19193302
>same slides

80%

2 YEARS

2 YEARS I WAS SHILLED BY STINK INTERNS SHITPOSTING PREWRITTEN FORCED MEME SCRIPTS AND PEPE PICS ONLY TO BE ALONE AND BETRAYED

2 YEARS

80%

>>19193779
If you really bought two years ago then you're between 5 and 10x up.

>>19193714
Look at this weak seething anon. Go make a decent thread then fag

>>19191366
$10 maybe in a proper bull. Which is 100x ICO.

It will never pull an ETH. People buying now gonna get SERG'd soon when we head back below $1 in summer / fall.

Just buy some UND and wait.

>Now with a marketcap of $1.3 Billion, this seems highly over valued.

It depends. Comparing it to securities, a stock whose profit grows 0% a year might trade on a 10 PE, one that grows 4% a year might be 20 pe and one that grows 10% a year might be 100 PE

At its current stage we probably expect link transactions to grow a few hundred or thousand percent a year honestly given its in such early stages.

>>19193714
Which parts specifically? Let's debate like the good old days.

what happens when all these literal who's start actually using the network & paying in link? pic related is already out of date & doesn't include at least a dozen other companies. it's going to be obvious when momentum starts to properly build, & everyone is saying "it was below $10 for so long, why didn't I buy", & yet here we are at just below 4 & it feels expensive to most

>>19193928
I bought 16k for 2.6eth and got fucked hard. It sounded good and worth a shot but it's been too long and delisted from too many exchanges. I sold for a 0.5x to move into xsn which 0.33x'd my investment but I'm still hoping that goes somewhere. Roadmap looks good but it's kind of a sleeper. Ambitious but good potential if they get the wallet and dex to work. I'm done chasing random shitcoins though. At this point nothing is worth buying except link/eth/btc. Especially not old and dead projects like lit/und/grounder.

>>19194088
Interesting, I was wondering how PE affects companies valuations irl. It's also hard to value Chainlink in this example because they're using their own funds and what they pay the nodes. LINKs P/E definitely reflects its growth potential (500:1) but at least it actually has economically useful traffic on its network.

>>19191366
Chainlink:
>hasn’t a single paying customer
>is not even decentralized as it claims (KYC nodes + chainlink team decides governance)
>literal who “partners”
>team owns 65% of the supply and regularly dumps
>based in the Cayman Islands to avoid taxes (will be targeted by the SEC eventually)

Chainlink is literally worth DOG SHIT.

>>19194450
So much effort

>>19194151
most of them literal whos is not active, already dead. they ain’t gonna use link

>>19194995
you think? seems to me that they're inactive because link hasn't existed - all of crypto needs link to actually do anything

>>19194151
>>19194995
>>19195021

This is going to be the same as Ethereum in 2017. Eth mooned in part due to a million shitcoin ICO tokens being spawned on the back of it, which created a huge demand for ETH. Whether these projects succeed or fair is irrelevant to LINK - as long as they're paying node operators.

>>19193714
S E E T H E