/biz/ - Business & Finance

You bought the top didnt you? Don’t listen to a lot of these Chainlink assholes. They will tell you it’s going to $100 but in reality, it will need to correct to below $9 before it can do anything

>>21394293
I just didnt want to miss out on the next bitcoin Im extremely poor and I thought it was gonna keep increasing please tell me im not gonna lose my money

>>21394243
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have high reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that ETH hit. Happy gambling though anons

>>21394364
I shouldn't have listened to you people. I knew you were just making fun of me saying I Could make it

Nobody knows, it's crypto. The only way to invest in crypto is to put some in and forget about it for a long time.

>>21394517
Dude do you think you're in a position to make informed decisions about whether Chainlink is or isn't a good investment?
If not, what the fuck are you throwing your money at? The people who "made it" from LINK often lost 50% of what they were holding. Are you knowledgeable enough to hold through that sort of drop?

>>21394344
Too late
It’s already starting to dump
We all bought at 50 cents anon...

>>21394989
>>21395024
Im so angry Im gonna invent time travel and prevent all your births. You will pay for this

>>21394243
>>21394344
Don't listen to these retards. It's going well over triple digits. Keep holding this bull market is just getting started.

>>21394517
You're responding to pasta check the archive

Everyone is out to get your money

>>21395116
I'm out to get his linkies