/biz/ - Business & Finance

You mean it's not a revolutionary alt coin that's going to take the world by storm, despite there being literally hundreds of dead projects that had similar levels of delusion over the years? Gasp

I feel bad for the noobs. Hope they at least get out break even and don't beat themselves up for letting one of their few easy 10x investments in their lifetime slip away because of fucktard moonboys on reddit giving them false hope.

(Yes I've been burned in the past lol.)

>>20765300
retard

>>20765300
I guess you're better than Ari Juels than hey?

I would read the Google blog post on your own and make up your own mind. They make it pretty clear that:

in Google's previous work on using blockchain tech to help GCP customers analyze indexed blockchain data, they were limited to data that was on-chain to begin with to then use in off-chain business activities. They state this explicitly:

However, these applications share a common attribute: they're all using the crypto public datasets as an input to an off-chain business process.

Google wants to go further than just using on-chain data for off-chain business needs. Again they state explicitly that they want to use smart contracts on-chain that take data from the real-world (or off-chain):

In contrast, a business process implemented as a smart contract is performed on-chain, and that is of limited utility without having access to off-chain inputs. To close the loop and allow bidirectional interoperation, we need to be not only making blockchain data programmatically available to cloud services, but also cloud services programmatically available on-chain to smart contracts.

Google used Chainlink to do so:

Below, we'll demonstrate how a specific smart contract platform (Ethereum) can interoperate with our enterprise cloud data warehouse (BigQuery) via oracle middleware (Chainlink).

Again this is all explicitly stated in the blog post. It's stated in the first section of the blog post at the top of the page for anyone interested. The bet you're making in buying Chainlink is whether companies will use Chainlink's pre-supplied code to meet their needs.

> unfinished system is incomplete
> Muh whitepaper from years ago is dogma
> Partnership is crypto speak. More accurate would be users of the network
> Google will probably die since they haven't done anything revolutionary for years
Okay doomer. Also three fucking years

Hey simeon. Watch ur bald head

I used to be the Decentral Network Officer at a cyber techno machinations and I can tell you after looking at Chainlink's fettuccine code there is no way in hell actual business will go within 50 feet of them.

>>20765348
>>20765350
>>20765354
How fucking new are you cunts. This pasta isn't even that old.

In most "overhyped" projects, the company will tend to overhype its usually large community of followers about deals/opportunity.

As we use mostly Twitter in the CryptoSphere, I decided ot investigate this media and their latest reports.

$LINK Marines (HODLers and Believers in Chainlink) are the basis of their social media presence. As for any project, most are probably hopeful investors/enthusiasts in the $LINK Project.

Chainlink Official account is one of the least followed on Twitter out of the Top 20 CryptoProjects.

But having less than70k Twitter Followers is not preventing them from getting close to 2k likes per tweet (twice Ripple's).

If we do some quick calculation, taking the least popular Chainlink's tweets:

Ripple has 1000 likes for 1mn follower : 0.1%
CZ from Binance has 500 likes for 500k followers: 0.1%
Chainlink has 1000 likes for 67k followers: 1.5%

>>20765410
Some of us don't live here anon and there are many new anons. Spoon is as spoon does.
Ngmi

>>20765436
In addition, it has been shared and liked a lot. Looking at some of the likes, we can see that there are a lot of weird accounts a.k.a bots liking their tweets? What about these Partnerships and Deals?
image.png

Lately, Chainlink announced a partnership with T-systems (some subsidiary of Deutsche Telekom focused on Blockchain Technologies) Reading the PR from T-systems it is written:

By providing real-world data into the Chainlink network, T-Systems MMS engages in a form of infrastructure provisioning also known as “Generalized Mining”, where it provides an IT service to a blockchain network while getting rewarded in digital assets for reliably doing so. As the value locked on the application level such as DeFi is significant, such IT services play an important role in the overall Ethereum ecosystem.
So, Chainlink is communicating on "Buying" datas from Deutsche Telekom. But you would have to open the PR to understand fully the extent.

I even got a response from @T-systems

>>20765450
Just reading their pinned tweet: "Google is one of the great companies integrating #Chainlink into their approach for smart contract adoption"

If you do not open the link, you would think Google is involved into integrating some kind of project with Chainlink.

Well, I read the PR. It is just a Blog post from google Cloud explaining how you can do a smart contract linking Ethereum, Google Cloud solutions and a Chainlink oracle.

I could sum up this article as written in the blog post

How to use the BigQuery Chainlink oracle

In this section we'll describe how useful applications can be built using Google Cloud and Chainlink.
After being targeted by Zeus Capital Report, Chainlink began announcing a lot of partnerships/deals/integrations.

The latest being one with a group of South Korean Banks. Same thing, big announcement here

>>20765464
In the blog we can read :Chainlink also all works with large enterprises such as Google, Oracle, and SWIFT.

Well.. We went over the google "partnership" I think... Overhyping once again.

In addition, the tweet suggest Chainlink has been selected. Well we do not know if there was a competitor and more importantly, except if I misunderstand Chainlink is once AGAIN buying datas from these banks !

Well, the 2nd part is over.

We are still waiting answers from Chainlink's team concerning the Zeus Report and I will update you as soon as we do.

What we can conclude is that Chainlink is indeed promoting very actively even small events and seems to have a way to benefit from increased interactions and coverage on social media to share its PRs. It is a Russian pump and dump scam going to zero.

>>20765480
Based

>>20765410
It’s pretty old desu

>>20765480

So basically, your only proof of "muh Russian pozi scheme" is the language used by PR in initial press releases?

That's some pure, unadulterated autism anon.

>>20765300
Don't care didn't ask, plus you're white

>>20765300
not this old shit again

>>20765300
pasta but basically the truth. retards who think otherwise never even considered using chainlink for anything other than gambling.

>>20765300
drns

>>20765300
>profits to be made

Do we literally need to spoon feed you?

https://www.coingecko.com/en/defi

>>20765300
>>20765436
>>20765450
>>20765464
>>20765480
NICE BLOGPOST SLOPPY SIMEON

>>20765300
DIDNT READ, NEVER SELLING

YOU HAD 3 YEARS

>>20765300

Chainlink?....where do i start.

they used swift and other logos on their marketing misleading people to buy the token.

The team dumps 1million link on heads a month just like Ripple

The only usage is when the chainlink team makes a price feed contract and shoves it down a defi projects throat. Everyone that thinks chainlink has customers. Lets see how many customers stick around when they have to start charging.

you said what went wrong...what went wrong is you are still holding after it went from 30mil to 1.5 billion. The money has been made on link. There are better projects with a hell of a lot more upside.

Do you want me to continue?

5) Chainlink claims to be decentralized yet team holds more than half the supply

6) Chainlink claims to be decentralized but runs every single chainlink oracle contract (what happens if chainlink forgets to fill up eth or link?)

7) Chainlink is all big on "oh were blockchain agnostic" meanwhile there is no other blockchains getting 1/10 the traction as Ethereum. Blockchain agnosticism is a meme.

8) The link token was supposed to be needed due to erc677 transfer and call. Not one customer is using transfer and calls as they are only pulling prices from reference contracts ran by centralized chainlink team.

9). It's been over a year since main net. The biggest customer is some dopey defi platforms. Yet sergey will use swift and facebook libra on slides.

Shall I continue?

>>20765300
This is why marines dont want to debunk fud. bc its tiring to constantly do so, especially with dumbass fud thats been around forever.

just dyor or shut the fuck up.

>>20765300
10.). Type in $link on twitter, you won't find a more cringe community. I keep seeing "we're so early" from soccer moms from Chattanooga. Meanwhile most OG link holders have moved on.

11.). If Chainlink is doing so well, ask any of the customers for the info on what they are paying to use chainlink. You will never get an answer because they are using for free. They have to pay by advertising they use and pay for chainlink.

12. Meanwhile none of the "sponsors" have to even hold the link token...so what's the point?

13. Speaking of link token many think they will get to stake their link, they won't. Staking may come to the pre-selected nodes but it won't mean much to the 99% of holders.

14. Speaking of 21 nodes, why only 21? There are 100+ more on chainlink node listing sites that still to this day don't have any usage. Meanwhile those operators are losing money in infrastructure costs...muh demand

Shall i go on?

15. They are partnered with the CCP now and have clearly put all of their focus on pleasing Xi. You think it's still decentralized if chinas using it?

16. They work in the shadows and always say "check the pivotal tracker" then just randomly release stuff.

17. Speaking of the pivotal...There's no tasks at all anymore and staking isn't even live

18. The CEO uses buzzwords and talks about the price going "vertical" for years in many presentations

19. The CEO used the exact same slides for 3 years and always Justin Sunn'd the price up before presentations and dumped 700k tokens (then) and 1.2MM tokens (now)

Shall I go on?

>>20765300
20. They went from having meetings in basements with 20 nobodies to doing poorly done YouTube Q&As with projects no one cares about.

21. They keep promoting their VFR random number generator as revolutionary. This has already been done on Etherum and ETH's is ACTUALLY random

22. Peeling back the layers of the GitHub you see they really just used random() which is built into solidity

23. Their oracle's are the center of the project and have already been reverse engineered by much more advanced teams like Band and RLC

24. They spend over 2MM dollars a week on a small team of people with no CS background to build programs to order pizza.

(Yes seriously) https://github.com/smartcontractkit/external-adapters-js/commit/4d70c30ca675ca8d09233943e95a240f6a043480


Should I continue?

>>20765329
how have you been burned? it’s been going up almost nonstop for 2 years...

my cousin is a 6 figure SAP developer from germany. i showed him the pivotaltracker he says its vapourware

>>20766364
>This is why marines dont want to debunk fud.

or maybe because they're retards who have no plans or ability to actually leverage this shitcoin as a product and just moonboy GOOOMBLERS

>>20765300
Anon are you actually telling me you read and didn't just buy because of the memes...

>>20766466
I'm a 6 figure developer from US and I say your German Brothers a cuck

TruTHT? We dont wont no h\ THROUGHT round hears

>>20766466
yeah well my dad works at nintendo and he says your full of shit

>>20766466
I'm a welder on 500k, and i think they've done great for a 2 man team

>>20765300
Top Schlop

>>20765410
>He lives in a get rich fast anime forum
Yikes... U mas?

>>20765300
>65
you don't need to look at the code to know its a lousy hold. I mean come on, Sergey printed 1 billion LINK and gave 650 million to Himself.

LMAO

>>20765329
(and in the future lol)

I am a Blockstream dev and after looking into the upcomming Link + Cardano partnership i bought a rope.

>>20765300
>They've had 2-3 years and 30mil in funding
That without counting the multiple 700k link dumps

>>20767164
Luls. Based

>>20765450
Stop fudding. Companies like t systems have to say shit like this look at all their tweets regarding the merger with sprint. They're working with chainlink because they obviously see the future of smart contracts being beautiful. There's no point in fudding on biz. Literally no one here is ever going to sell their chainlink for less than $50

>>20765300
I've seen this pasta quite a few times, but reading through it again, I have a question

Did IOTA ever actually remove the coordinator? If not, did they actually make any progress at all towards doing that?

>>20765300
>>20765351
Gj now go post this in reddit

test

>youre a developer

>I'm a developer

>Chainlink is a team of developers who created a cryptocurrency worth billions

Fuck off smoothbrain

trending now

>>20765300
old fud, you have to try better or write some 66 page fud raport

>>20765300
DR;NS

>>20768338
Based

>>20765300
>>20765329
>Same-fagging this hard
You had 3 years

>>20765300
>Chainlink: A reassurance from an investor
You just win

>>20769468
Cope

That's too much to read, I'll just buy more LINK

>>20769409
>>20769621
2 years subhumans

>>20765329
>>20765348
>>20765350
>>20765351
>>20765354
>>20765382
>>20765403
>>20765436
>>20765450
>>20765464
>>20765480
>>20765514
>>20765666
>>20765672
>>20766196
NEW

>>20765793
BASED

>>20765329
break even? you've had 2 years bro..

>>20765300
Listen samefags. I’m not selling, not a single linky , not now not in ten years

Yes yes you're all so very clever and devious. Insider fud ? Zeuss fud dip? Nice try. But there is just one *little* problem with your plan.

Listen closely...

FUCK CORONAVIRUS
FUCK JANNIES
FUCK KIKES
FUCK NIGGERS
FUCK RIPPLE
FUCK BSV
FUCK PAJETS
FUCK BCASH

and worst of all

FUCK NULINKERS

I am NEVER, ever, EVER selling my fucking Linkies. Not a single one. Ever. Under no circumstances.

Do you understand? I. Am. Never. Ever. Ever. EVER. FUCKING SELLING


N E V E R S E L L I N G
E
V
E
R

S
E
L
L
I
N
G

I will NEVER, ever sell my Linkies. at $1? Didnt sell. Link at $2? Didnt sell. Stinkies at $4.5 stable cup of coffe ? not a single one, $5,$6,$7,$8,$9, $10? $50?... $100? $777? $900?

Not selling.

IF you filthy kikes ever want to see these god blessed Linkies again, you are going to have to pump the price to AT LEAST $1000 by EOY per Link ...At which point, AGAIN, you filthy kikes, I AM NOT SELLING.

>>20765300
everyone already knew all this anon...

>>20765300
SLOPPY OP

>>20770449
Fucking BASED

>>20765300
>reading this and selling
kek, imagine
good thing I didn't read and I'm never selling.