/biz/ - Business & Finance

It's all Chainlink's fault. Think about it.

Chainlink was the single best performing global asset in 2019 and 2020, where it went from a ~150 rank to climbing up in the top 5 across a brutal bear market. And it did so by being carried by an organic community of retail investors and speculators, with a fairly distributed supply. In those couple of years, /biz/ was unironically the best performing hedge fund on planet earth, beating even the biggest Wall Street firms, all while being at the forefront of the nascent defi and smart contracts economy. And that left VC firms absolutely fuming with seething rage.

The VCs *MISSED* Chainlink, the core infrastructure of this financial revolution, while a bunch of anon nazi neets went all in. They plotted to get VC allocations for newer projects, artificially promoted and propped them up via heavy marketing and their corrupt networks of cefi players, all while using their powers to short Chainlink into oblivion. The psychological trauma and ego bruising they received from missing Chainlink made them so furious at retail, they became reckless and began over-leveraging to the tits and gambling funds in unproven ponzi farms, to recoup 2019-2020 losses and dominance, to ensure they could grow so big as whales that retail fishes could never succeed without them having their little VC premium.

The recklessness and greed caused by the seething led to 3AC backing a charlatan like Kwon and his unsafe scams, starting petty L1 wars for short-term narratives, over swallowing their pride and using their funds and connections to back Chainlink as the neutral middleware for long-term security and interoperability across the entire sector. Well now we're seeing the consequences of it, those greedy VCs have imploded spectacularly, and while LINK marines are battered and bruise from the fallout of their reckless actions, they are still alive, fighting the good fight. Enduring.