/biz/ - Business & Finance

>>49423992
Theoretically, the Merge is made of of cheese.

Wtf is the Ethereum Merge?

>>49424057
Ethereum faggots transition to proof of stake lol

>>49423992
what event is this? and why can OP never post a link you asshole?

>>49423992
I always wondered if vrf was going to be used to select for block rewards

>>49425865
>what event is this?
Anon....................................................

>>49423992
Makes sense. Seems likely that staking has been 'ready' for some time but that they've delayed it because they want to time its release to coincide with the merge.

>>49425980
>Eth 2.0 Merge presentation
I cannot find anything on this and they dropped calling it 2.0 to avoid scammers

>>49426064
its consensus. how can you not know this.

>>49426101
insider here I know for a fact there will be blood shed at consensus. ChainlinkGod is a MK Ultra Victim. He has been programmed to snap whenever the Under the Sea is played. I expect his incel rage will activate and result in 90% kill rate. Afterwards Gregory K. will show up and gaslight ChainlinkGod into believing it was Da Joos

>a fucking 50 million revenue

>>49426164
Dude this is NOT funny

>>49426101
Is this a big deal? Has anything ever happened at consensus previously? Didn't chainlink mainnet launch at consensus?

>>49423992
sergey reveals he fucked vitaliks mom

>>49426218
Under the sea,
Under the sea.
Darling, it's better down where it's wetter,
Take it from me!
Up on the shore they work all day,
Out in the sun they slave away.
While we devoting, full-time to floating,
Under the sea!

>>49425865
Search "Sergey" and "Ethereum"

https://events.coindesk.com/consensus2022/agenda

>>49424075
Cant wait for this shit to crash in a spectacular fashion.

>>49426064

>>49426219
Yes, chainlink Mainnet released. It was the first time I ever felt like I was gonna make it. I made like $12k in a day which was a tremendous amount of money for a poorfag wagie like me. If I recall, it first hit $1 after 2017 upon mainnet release. Then was Google and Coinbase listing and I made hundreds of thousands so quickly. Quite unreal those days.

But mainnet was a truly WTFWT moment. I think I had my Links on Binance or something and I checked my value, per usual while sweeping floors at work and couldn’t believe my eyes.

>>49426372
Good for you fren. Can you remember the title of the presentation? This seems like a more interesting presentation, who the hell is Mike Zajko?

Anons. I need a friendly spoon.
What are the implications of this and how are the next 6 months looking like?

>>49425865
fucking retard faggot

Does this mean that Vitalik and Sergei have made up? Are they joining forces?

>>49426576
Keepem or sneedem?

>>49426503
Friendly spoon here.
Thus year staking, chip and enterprise layer as of Sergey. All are very bullish LONG TERM for the project. Consensus this Friday with possible news on the three features. The switch will be flipped soon so Link tokens will become cashflow generating and buying will ramp up.

>>49426787
God bless you.
Also. Is this the absolute floor of link? Or are we looking at a flash at 2$?

>>49425933
Checked
Shhhhhh

>>49426178
That's pretty insane considering Chainlink secures many dozens of billions in Defi.

>>49424057
the next eth fork, unironically. Miners are gearing up to have vitalik standing in the rain with solana 2.0

>>49426895
I think the $5-$8 range is good for buying. That said, bitcoin could absolutely shit the bed and crash to $25k, if not lower, especially if link gets bullish news. I don’t think it would stay at $2 very long if it got there but who really knows

>>49427108
yeah that's insane how low revenue is

>>49427704
Revenue is fine considering nodes are in profit.
What's insane is the cost-to-performance ratio of Chainlink.

>>49423992
10 Links say it'll be the same slides but without the visa or paypal logos.

>ETH event happens
>ETH dumps
Every time with every event...

>>49428101
depends. events with long term good news are met with a dump yes. but in the long run money comes back in time to profit from the good news after the market conveniently crashes from them. could be a dip buying opportunity on link soon if they announce bullish long term prospects like staking soon. but if they surprise people with something that is immediately profitable, if sergey walks on stage and flips the switch on staking right then and there, i don't think it will dump on that unless bitcoin is dumping at the time. but i wouldn't expect that to happen. and thats my uninformed two cents, not a financial advisor

>>49428169
i think dumps happen on events because the people who wanted to hear something immediately profitable pull out, some others pull out because they know it will dump and after hearing the long term prospects they want to buy more, others just panic when the others pull out and pull out too.

>>49426455
This is what I remember:

2018 Consensus was hyped up majorly by anons here and I was so excited for it. Maybe we got a pre-run from 30 to 50c or something like that. I remember, still sweeping floors back then (I worked on constructions sites in south florida all day every day and lived with parents so I could put all my money into Link). Nothing happened at Consensus that was significant and then Chainlink proceeded to dump to below 20c subsequently and it was truly demoralizing. I felt like a complete idiot and I spent all the time that I wasn't sweeping floors trying to weigh the odds that Chainlink is bull shit and that crypto in general is just bull shit and that was probably the only time where the likelihood, in my mind, was that Chainlink was bull shit and I was gonna be a crippled wagie my whole miserable life. I was very demoralized because, despite buying Link mostly at 30c, I was deeply negative on the thousands of dollars I had invested which was all my money. Not to be a blogfag, but I was so demoralized, I started using fentanyl just to get through my days and Chainlink was what saved me because there was still the hope and I burned through any cash I had and wouldn't allow myself to touch my 33k (at the time) stack (which was worth, maybe $10k?)

Anyway, Consensus came back around the following year and I didn't even take notice honestly. I remember it being around noon and I took my wagelunch and checked my phone and my one true fren excitedly had texted me that Sergey announced mainnet. I checked my portfolio and truly WTFWT'd.

I spent the rest of the day hiding in various corners of the building I was sweeping like a hatian considering whether or not I should tell my boss to suck my dick (this was before the tongue my anus meme).

It's been a journey anon.

>>49428254
wow that's so interesting

>>49424057
You have to be 18 to post here

How do they randomly select a validator in PoS? Randomness is not something that you can easily do unless..

>>49425933
>>49428789
Shhhhhhhhhhhhhhhhh

>>49428254
The journey is coming to an end soon.

>>49424057
nu/biz/ is fucking embarrassing

>>49428789
after shitting for a year on bsc, eth is about to become a more centralized version of bsc, with still fees way higher than eth

>>49428844
>>49428789
i dun get it

>>49428254
>(this was before the tongue my anus meme).
No it wasnt

>>49428254
mainnet announcement was basically known fact on /biz/ weeks before, you must've been a clueless junkie

>>49423992
Guess what I won’t be watching either. Fuck jannys

don't obsess with the secret codes & meaning of the conference timeline. it's so pathetic.

>>49423992

>>49430839
lol the mainnet release was speculated for literally every event between late 2017 and mid-2019.
Everyone was tired of having to wait so long.

>>49431027
5 years later Sergey still likes keeping us on edge.

Token gains no value from the network. Chainlink fees are way too low.

>>49431939
You probably won't be spoonfed anymore, this has been answered way too many times.

>>49423992
10 minutes isn't long enough to announce anything major like CCIP or staking. If Ari Juels or Ben Chan was with him then I'd think otherwise.

>>49430708
VRF

>>49431976
Never gets answered other than “I won’t spoonfeed”, “read the white paper”, or “DYOR”. Token not needed.

>>49432195
Do you have any idea the sheer amount of retards that post that on a daily basis? most if them arent interested in being spoonfed they're trying to get retards like you to believe it and then parrot it continuing the cycle of fud as a normie filter.

Anyone who's been in this shithole for a month or two knows this, let alone people like me who bought before mainnet and have seen these posts daily for YEARS. in fact I'm only entertaining your likely bait post because I'm sitting on a very comfy couch trying to procrastinate getting up off it

>>49432529
Shocking. No answer.

>>49432552
I only bought link in the last few months and I can't believe OGs have been dealing with retards like these for years.
>Shocking. No answer.
There have been some great threads in the past week alone with all the spoonfeeding you need. Please stop slurping retard juice and go read.

>>49425933
If this was true, link will enter top 5 immediately

>>49432195
And yet here you are, asking again, instead of reading the fucking whitepaper. Fucking hell

>>49425984
Been calling this since 2018.
Sergey said on multiple occasions that the engineering for Proof of Stake was done.
CLLabs has always been treading carefully, they have selected Ethereum as their final settlement layer and couldn't jeopardize their launch because of some shit Eth Merge that might have never happened.
This now makes me think that staking will be announced on mEthereum testnets and mainnet for September's SmartCon alongside CCIP.
The wait is tiresome but what can you do...

>>49428936
there have always been and always will be newfags on /biz/
treating it like some surprise is very cringe and low iq

>>49433255
>>49433439
Lmao no one knows. You could easily prove me wrong and make me look foolish, but literally none of you can answer that simple question.

>>49435413
Just shut the fuck up dude, why are you so obsessed with the price. I’m in it for the tech, the tech is cool, the price is a secondary consideration. I don’t care about making money, I care about innovation. Shut the fuck up asshole NIGGER.

NIGGER NIGGER NIGGER

>>49435651
Hahahahaha you admit you have no fucking clue

>>49435724
I do have a clue, I have lots of clues buddy. I see this for the innovative technology that it is and I want to see it transform the world. Just because you’re greedy and the only reason you invest in something is so you can use it to nickel and dime everyone so you can make a profit, doesn’t mean that everyone else should be that way too. This will improve humanity.

>>49435903
Cool. How does LINK gain value from the network?

>>49436167
The more it's used in the network, the scarcer it becomes.

>>49436189
Is it burned? Is it somehow removed from supply?

>>49436285
It's locked up and/or in use.
And the more people use the network, the more tokens the network will need.

Is ETH burned? Or BTC?

>>49436322
Yes ETH is burned. BTC also has extremely low inflation and is getting very near full circulation. Not even half of LINK supply is released.

>>49436391
>Yes ETH is burned
For all intents and purposes, no it isn't. The ETH supply is still inflating lol.

>>49436391
>Not even half of LINK supply is released.
The primary mechanism for locking up Link isn't released either.

>>49431939
LINK has the highest protocol fee revenue of any coin besides ETH. Check token terminal. The numbers are bad because all of crypto is made up of ponzis. LINK is just the least ponzi

>another blogpost
yeah no thanks sergey

>>49423992 Who cares about Ethereum Merge when I've Lox Network as a hybrid blockchain built on XRPL that gives room for faster transaction and lower gas fees

>>49436494
Stop calling crypto ponzi. It shows how deluded you are because lox network use cases of providing global security to mobile devices does not show that it is ponzi

>>49436167
Does it have to? Why is everything about value and making money to you, you dirty kike rat?

>>49437579
Considering it is an investment, making money might be part of the equation.

>>49428789
The largest chainlink node by revenue was anonymous and testing vrf only. Holy shit.

>>49428789
this was speculated forever ago but not implemented

Literally no one is talking about this because of the steak blog when it's incredibly significant
Dont let it slide
JP Morgan joins Chainlink network as node operator
Announced the same day as steak. No coincidence, it's part of bigger strategy
Project North Star is the liquidation of Consensys by JPM
From a commie venture with thousands of employees but no profit
To a handful of employees with a chokehold on core infra and money printers
People here don't understand what a money printer metamask is, how deeply entranched infura is and how Lubin betrayed everything and everyone, how JPM went on a stealth hostile takeover
And LINK nodes is their next step?
They wouldn't bother if they didn't expect serious profit from staking
Expect more and more institutional nodes following steak

>>49436167
the same way ruble gains value from being needed to buy russian gas

>>49438356
vrf was supposed to be a money printer too kek

oh look its dumping again