/biz/ - Business & Finance

>XRP market cap: $16 Billion
>ETH market cap: $200 Billion
>BNB market cap: $45 Billion
>SOL market cap: $12 Billion
>DOT market cap: $8 Billion
>SHIB market cap: $7 Billion
>DOGE market cap: $9 Billion
>Avalanche market cap: $6 Billion

I still fail to see why a $3 Billion project is so smug that they feel they need to throw a conference. Is there any wonder why it's not selling tickets?

>>51013416
>>51013483
I refuse to watch their (((conference))) until they get Charles Hoskinson to speak desu

>>51013416
>>51013483
After ETH, Chainlink is the most adopted crypto in existence.
That's why.

>>51013416
The protocol actually secures much more value than the mcap implies.

>>51013538
>ETH's market cap is $197 Billion larger than LINK's
>After Goliath, David is the next biggest in the fight

>>51013483
Chainlink is literally the backbone of DeFi

>>51013564
If you can't read English, why even post.

>>51013538
>>51013572
TOKEN NOT NEEDED

>>51013576
You sound upset, anon. Did you pick the wrong horse to make money on?

>>51013572
I posted numbers. DeFi be damned, Chainlink fails to capture value as an investment. These people are living in an alternate universe where they feel a $3 Billion shitcoin needs a conference

You bagholders need to go back to the drawing board and come up with some better arguments. Until then, as a deep value ETH investor, I will sit counting my money.

>>51013416
>>ETH Classic market cap: $4 Billion
This is how you know market cap is a meme

>>51013611
Holy triggered.

After ETH, Chainlink is by far the most widely adopted crypto project in existence. Cope.

>>51013527
>I refuse to watch their conference if Charles Hoskinson to speaks desu

Most people feel the same. If he did there would be one viewer and that would probably be someone Charles paid ask him a question. ADA is worthless thrash please don;t mention it here this is not reddit if you most post here with brigaded raiding people here people from reddit that should have been banned months ago then fuck off to the gme fake shill threads.

air and water have no market cap

>>51013621
What's up with projects like that anyways? Is it literally just whale bagholders looking to strategically dump on the market without tanking the price?

>>51013611
Why do you type like an absolute autist? I hope you don’t talk like this in real life for your own sake

>>51013572
>Chainlink is literally the backbone of DeFi
This is in no way reflected in the marketcap, unless of course the token is of less importance - like a NFT of "the backbone of DeFi", probably zero intrinsic value regardless of the value of DeFi.

>>51013416
so do you like buying things at the top or the bottom op
i for one like things that are way undervalued compared to the things that are build ontop of it
just like eth back in 2019
chainlink is currently priced for the complete destruction of defi and alt L1's so either crypto market cap goes to the basement with btc dominance to 90% or link is relatively undervalued
make your bets accordingly

>>51013564
Lmao. You know how that Bible story ended, right?

>>51013538
Holy fuck lmao

>>51013416
Ya Im bussin and I poured up in the building. My section full of young niggas like children

>>51013611
I've noticed across all boards people have left in swarms over the years with a major drop off around that time, but it's hard to pinpoint. I've been going to this website off and on since 2011ish and in the last 5 years whenever I come back I notice every board is slightly less populated. This isn't something happening strictly to this board, it's a sitewide issue, and honestly there's nothing really to be done about it. At one point 4chan's stigma worked to our advantage being it's own form of advertising, but now with the amount of options in the online space few people really have a reason to come here anymore, especially considering the collective consciousness has shifted towards a more entertaining lens rather than a discussion vantage point. The internet is no longer in its "wild west" state where people are willing to explore, there are plenty of places to stay now, and given 4chan's long history and reputation most aren't going to come here anymore. 4chan is a relic of the forum era of the internet hanging on by a thread. It's a good thing 4chan have never been profitable because an issue like this would normally mean a website would be in danger of being shut down, but at this point it almost feels like the website runs as a public service.

>>51013416
where is the conference happening? I'd like to have a word with the manager...

>>51015656
>a public service
this place is quite valuable to the glowniggers anon, they will pay to keep the servers running and whatever proxy that publicly owns the place as long as they get direct access to the data
and even in its current cucked state fortune still has the edge as being the last place to discuss relatively censorship free with at least enough anons to hold a true discussion
at least we arent as badly disrupted as pol is

>>51015677
New york anon, tickets are cheap haven't you heard? ;-)

>>51013539
>muh total value secured
Come on dude please, PLEASE don't tell me you actually fell for that completely made up metric kek. Total value secured means NOTHING.

the fully diluted market cap of badger dao is $77,875,135.60. it's on coinbase. 45m undilluted. why don't you buy something undervalued and extremely pumpable (in the next bull phase) like that, champ?

>>51019448
This. They once included Celsius and Bancor in TVS. How about Nexo or Voyager? Chainlink TVS has fallen rapidly and will continue to while crypto bleeds out because it's unsustainable in its current form. CCIP is a meme and the team pays a salary bigger than its income. Heads will roll very soon

you know when a lil kid throws a party and invites all the cool kids over to become popular. thats Sergey throwing a conference

>>51019448
Please please don't tell me you fell for the fud and believe chainlink is nothing right before staking and ccip.
Ah OK, you're fudding too. Cool.

>>51013572
Token not needed nigger. Linkoids dunk on ada but chainlink is a bigger sophistry scam lmao

SCAM PEOPLE

>>51013527
What in the ratfuck does desu mean, desu?

>>51013416
>SmartCon

They should call it DumbCon

just hold, friends

>>51014757
>in no way reflected in the marketcap
This kind of thing happens. Markets can be highly irrational in the face of objective metrics.
It typically doesn't last.

>>51019448
>>51019480
>Total value secured means NOTHING
What? It's an objective metric of all the value that Chainlink secures.
You're thinking of market cap.

>>51020949
It's a completely made up term that doesn't actually tell you anything about Chainlink in any meaningful way. Late last year Chainlink was screaming from the heavens that they were at what, ~$70bn TVS? And now it's down to fucking $23bn kek. Why put any value in such a number? It's just a measure of how big the crypto ponzi is at any given moment.

Why even make this post when you're doing a Bulgarians job for free.

>>51020986
>value that would not exist (in part or wholly) without Chainlink
>doesn't actually tell you anything about Chainlink in any meaningful way
Are you insane?

>Late last year Chainlink was screaming from the heavens that they were at what, ~$70bn TVS? And now it's down to fucking $23bn kek
lol guess why

>>51013646
is that you junko?

>>51020923
It has been 5 years nigger

>>51021244
Link was rank 5 two years ago.

>>51019474
why don't you get hacked again? badger is fucking shit

>>51021257
And it’s been weighed and measured to only be worth $7
You missed the entire fucking bullrun bag holding link

>>51021282
See >>51020923

Sometimes markets act irrationally against all objective metrics. It typically doesn't last.

>>51021282
>why wont you just get with our new programme goy reeeeeee
based and oblivious pilled

>>51021287
See >>51021282
this is the rational response from the market retard
Your $50 high was the irrational voting
This is the long term weighing

>>51013603
why not?

>>51021293
>useless scams pump while Chainlink dumps as it takes over crypto
>”rational”
Stop trying so hard

>>51021304
Because everything about oracles that makes link “valuable” are unrelated to the erc20 shitcoin
>>51021315
The erc20 token is doing the opposite of taking over crypto, but useless scam pump and dumps actually have a better use case than LINK. LINK will only make you a poor bagholder for Sergey. With a pump and dump scam you can get rich dumping on retards so fomoing in happens for a reason.

>>51021293
Amazon stock tanked even though its fundamentals were skyrocketing.
The exact same thing happened to Chainlink during the past two years.

>>51021334
The network istaking over crypto, and the token is the absolutely essential lifeblood of the network.
You’re blinded by your emotions.

>>51021340
Chainlink has no fundamentals dude. It’s a run of the mill erc20 token without staking. Oracles are not related to LINK and LINK tokens are not stock for the Chainlink foundation

>>51021334
>The erc20 token is doing the opposite of taking over crypto
Just like Amazon stock was doing the opposite of taking over the online sales market.
Even though the Amazon company was doing just that.

>>51013572
Partisia will destroy chainlink

>>51021352
>Chainlink has no fundamentals
Tell that to all of its users.

>>51021352
> LINK tokens are not stock for the Chainlink foundation
Amazon stock is stock for Amazon, amd the stock ate shit even though Amazon was growing like crazy.

>>51021366
source?

>>51021391
Twitter, Decrypt, and Compound.

Tried to answer all the baggie cope but kept getting told it was spam so gave up. tldr
Token not needed and the Chainlink foundation’s useful technology isn’t connected to link the way a company’s stock is connected to their service. The actual token itself has the exact same usecase as fucking shib and that’s why it isn’t worth $50 anymore.

>>51021416
And what service does the erc20 token LINK provide them? Do you think they pay the Chainlink foundation for their oracle protocol work by buying LINK p2p directly from sergey or something?

>>51020923
Haha, right. Amazon was a profitable business back then, it was only a matter of time that it was reflected in the stock price. Chainlink Labs is losing money (i.e. the money of buyers of their funding token, link). It's not at all comparable. Amazon also wasn't holding embarrassing conventions by the way.

>>51021441
It’s also worth pointing out to baggies that link isn’t a stock like he’s comparing it too. You aren’t betting on Chainlink labs by buying link lmao.

>>51021423
>I tried to tell them token not needed, but got told I was spamming
Yeah no shit lmao, TNN is probably the most prolifically spammed fud in /biz/ history.

>>51013416
>>51013483
>>51015656
Good posts frens. I hate Chainlink so much it's unreal.

>>51021464
It's a very real possibility that once their tokens run out, they'll go public anyway. Then you could actually participate in the success of Chainlink Labs. It would probably make the bagholders very angry, but their token entitles them to nothing, so it's fine

>>51021469
Token is NOT needed baggie
The link token is no different than the shiba inu token. It is NOT related to oracles. It’s not FUD it’s the objective fact of the matter. You aren't getting mind blowing technology with link, you are getting a stock standard erc20 token. And NO the partnerships of the Chainlink labs aren’t related to the token because it is not a fucking stock. Billionaires don’t want Link they want oracles.

>>51021501
Can only imagine the seethe from linkniggers when their token hits $0.50 and linklabs stock actually pumps up after release.

>>51021502
>>51021511
could you write a longer post I dont understand

>>51021502
Literally nothing happens on mainnet without the token, seething spammer.

> because it is not a fucking stock
Apparently stock is not a stock either, since companies can boom while their stock tanks.

>>51021501
why would the bagholders become very angry when you nolinkers are already doing a good job kek

>>51021538
>Literally nothing happens on mainnet without the token, seething spammer.
Holy cope

>>51021558
>node operators are paid in LINK tokens
>zomg this is cope!
kek at least you tried

>>51021556
Right now the only (perceived) way to participate in the success of Chainlink Labs is to buy their token. When CL goes public, money from token holders will flow to stocks, because that is a more direct way to participate (there are examples where the stock price temporarily doesn't reflect the business success, but long term it's almost guaranteed, not so with the token). Large scale selling of the token will decrease the token price. Seeing their investment lose money while early VCs get to (again) buy the stock for cheap before the public can might cause them to feel betrayed.

>>51013416
Maybe if be stopped diluting link every chance he got you'd have a bigger mcap

>>51021625
grug say no stock only token

>>51021625
Fucking hell if they issue stocks, I will definitely feel hardcore betrayed

>>51013416
Bullish

>>51021625
I actually think if Sergey did do this he wouldn't be able to show himself in public ever again. There's enough people here who have put everything on the line and they'll have nothing left to lose if Sergey decided to (genuinely) betray them like that.

>>51021625
>>51021647
The CL labs IPO would be so brutal even fudders don't want to bring it up

>>51016117
>>51021478
You're replying to a bot which was triggered by the word board

>>51021746
so we spam board to trigger the bot... board

>>51021627
Tons of cryptos inflated a lot more and did amazingly.
Stop being a dumbass

>>51020986
23 bn TVS is still more than 3 times the diluted mkcap of chainlink.

>>51021778
big guy numbers

>>51021778
And? What the fuck does this number have to actually do with anything related to the token price? It's a bullshit metric they made up because they certainly were never able to brag about the price of the token.

>>51021992
tvs needs to be collateralized to be considered protected under Chainlink Token Guidelines paragraph 2.16. Token value should reflect tvs as a baseline without speculation

>>51021426
Those are the sources for my pic, you retard.

>>51021441
>Amazon was a profitable business back then
So is Chainlink node operation.

>>51021992
>What the fuck does this number have to actually do with anything related to the token price?
What do Amazon's sales have to do with Amazon's stock price?

>>51021441
Amazon was not profitable back then you fucking retard and wasn’t profitable until the last decade kys

holy fuck there are still newfags who argue with fudders lmao

>>51013483
Why do i get more bullish when the FUD gets more irrational?

Is this some sort of chainlink reverse psychology to make me buy more? Its working.

itt people trying to sell their bags. I would have made more money holding BTC or BAT in the last month. Over valued coin.

>>51022019
>So is Chainlink node operation.
How does this affect the token price though? It's not even beneficial to Chainlink Labs, they are burning through investor money

>>51022196
How does Amazon's success affect the stock price?

>>51022096
Because they reinvested their profits into the business. CL has no profits to reinvest

>>51022205
>CL has no profits
Chainlink can't have profits, it's a protocol.

>>51022205
https://market.link/overview

how are nodes profitable then? Show me the etherscan pajeet

>>51022212
Chainlink.Labs (CL) however can, and doesn't.

>>51022218
>Chainlink.Labs (CL) however can
How?

>>51022221
Right, they don't have a working business model, that's why they are losing money

>>51022240
>they don't have a working business model
No, they're building a protocol.

YOU just said Chainlink Labs can have profits, explain how.

>>51022218
>>51022221
>labs

Who the fuck calls them chainlink labs?

>>51022256
there are a few out there that have the strong impression that since the token has not appreciated in value that value must be accumulating elsewhere in say a stock. It seems to be a shadowfork variant but I did see some digs into chainlinklabs legal documents but I have neither the experience in legalese nor the will to dig. someone else might

>>51022244
They can, as a registered company, make profits. They don't have a business model however, so they are losing money. Once they run out of investor money, they have to find more money somehow. An IPO is an attractive way to do this.

>>51022278
>They can, as a registered company, make profits
How?

>>51022277
Those few out there are a retarded.

>>51022019
>So is Chainlink node operation.
No, it isn't. It's amazing how much time you baggies will spend pointlessly arguing about a subject without even knowing the most basic facts.

>>51022292
suspicion breeds confidence

>>51022298
It literally, objectively is.

>>51013416
Bulgarian hands typed this post

>>51022283
It seems hard for you to understand this. Companies need money to keep operating. This company can make money like every other, by producing goods and providing services. They are instead burning through investor money. They can, but they don't. It's important to understand this, so I'm glad you are asking this.

>>51022335
How would Chainlink Labs generate profit?

>>51022308
If you're happy to abuse terminology to obscure the actual financial health of your investments be my fucking guest kek.
I'll be over here being wrong and making money.

>>51022340
Correct, that's the issue. From the outiside, it seems like they don't have a plan to make money at all apart from taking in investor money and spending it. I don't understand why people give them money, do you?

>>51022299
What? What are you talking about?

>>51022345
>abuse terminology
lol what
Many Chainlink nodes are completely independently profitable, subsisting solely on dapp fees.

>>51022364
>how?
>correct!
Based esl Pajeet.

>>51022375
You asked the correct question: How would Chainlink Labs generate profit? They don't seem to have an answer, so how could anybody know?

>>51022142
Bullish for the last 3 years of fud, bro. We going to $1 soon, I bet the accumoolator will be bullish then

>>51022401
How would Chainlink labs generate profit from building a protocol?
How did Satoshi profit from Bitcoin?

>>51022403
Sure buddy.

>>51022409
Maybe you should use google to find answers first. It seems like you are pretty new to this

>>51022424
You're the one who has to do the googling; you keep claiming Chainlink Labs can profit from the protocol, but you can't seem to say how.

>>51022417
Yea, ok. I read so many of those bullshit from cents to double digit and back to single.

>>51022375
>Many Chainlink nodes are completely independently profitable, subsisting solely on dapp fees.
Getting closer. Now replace "many" with "few", "completely" with "barely" and append "allegedly" because there are no publicly available figures aside from the ridiculous ones on market.link

>>51022468
>you were right but let me just move the goalposts haha you don't mind do you?

>>51022033
Ah yes, the Amazon comparison. First of all Amazon's sales are from transactions of people buying products that they actually need. Amazon's global dominance in eCommerce has been reflected in their stock price. And, just to make things clear: Amazon's stock price is also highly valued because of a small business they run on the side: AWS. They've got a nice little business their that makes very nice profits and provides absolutely crucial services to industries all over the world. Let's contrast this with Chainlink. Chainlink has billions of dollars of "total value secured", which mostly consists of the same DeFi ponzis that have been copy-pasted and deployed on multiple chains. I think there's a little bit of a difference in terms of the overall value that Amazon has provided compared to what Chainlink has done.

>>51022468
Hurrr durrr the numbers are wrong! Even if they can be verified on chain

>>51022482
Just answer the question: what do Amazon's fundamentals have to do with Amazon's stock price?
Because for a time, the price was in the absolute shitter even though the fundamentals were absolutely booming.

>>51022438
So you want me to find a business model for them? That's really their resposibility, but let's see. If the protocol is so important to node operators, and they are making so much money with it, surely they could pay them to develop the protocol? That's happening in many industries, where large corporations come together to develop a standard that all can agree on, like in the W3C. For some reason they don't do this, maybe you have an idea?

>>51022534
>So you want me to find a business model for them?
You claimed to have already found one.

>>51022534
W3C is perhaps not a good idea, because it's still people paid by the contributing compaies that develop the standard, but you get the idea. I think insurance companies or health care companies do this, where they fund an independent organization that develops the standards. Why aren't they doing something like this?

>>51022534
Universal standard?

You mean CCIP?

>>51022553
>>51022534
You know what's a really basic business model?
Selling items for money.

>>51022539
Where? You said that Chainlink can't have profits, because it's a protocol (perhaps I should use CLL as an acronym). That's true. I said Chainlink Labs can, but doesn't. Where did I claim I know how they can make money? They clearly aren't, that's why they are losing money.

>>51022575
>Where?
When you said Chainlink Labs can turn a profit.

>>51022579
They clearly can, they just chose not to. Is English not your first language?

>>51022495
Lol go ahead and verify them. I'll wait.

>>51022587
>speaking multiple languages is BAD
Based mutt bagholder.

>>51022587
>They clearly can
According to you, they should ask large corporations for handouts lmao
Fuck you're stupid.

>>51022503
You're arguing about fundamentals as if they mean anything in crypto kek. You're absolutely deluded. Crypto is 100% speculation and entirely fueled by narratives. Fundamentals. Do. Not. Matter. If fundamentals mattered then why did SOL pump enormously despite inflating the token supply massively and worst of all, it's not even a blockchain for all intents and purposes. SOL pumped because the right narrative was there to fuel a huge pump. Look at any of the other projects that pumped massively in the last year or so. Do you see any fundamentals there? The only crypto you could probably argue for some degree of "fundamentals" is BTC. Everything else is 100% bullshit speculation and their pumps have been completely driven by whatever narrative was hot at the time.

The Amazon comparisons made for an interesting thought initially, but it seems clear that some of you guys are becoming completely obsessed with the comparison and bring up muh Amazon anytime Chainlink is criticized as if they're comparable beyond just a passing thought.

>>51022564
wait ive got it maybe they can sell data for money but on the blockchain kind of like a middeman for data... a middleware and they should use this token call it LINK instead of accepting any old jewish shekel that happens along

>>51022597
Hurrr durrrr

I make a bullshit claim and ask someone else to verify my bullshit claims

hurrr durrr

>>51022609
>maybe they can sell data for money
They do that, as node operators.

>>51022620
incredible! truly magnificent! and this idea they have its very valuable you say?

>>51022607
>You're arguing about fundamentals as if they mean anything in crypto kek.
Apparently they don't mean anything in stocks either.

>>51022615
Anon the point I'm making is that you believe this stuff based on figures that you believe exist but have never actually seen. That is stupid.

>>51022640
Why not you believe all sorts of crazy shit like men going into space beyond the van allen belt and bringing back film stock even with all that radiation!
And you believe that our grandparents died protecting us from ze germans in WWII only to have our governments import foreigners by the plane load.
So its not so far fetched to say that Linkpool leaks information. Matt beale played a very convincing drunk anon on the internet you know

>>51022605
You wanted to hear a possible business model and I told you an established one. If you trust the marketing material, these large corporations are making money via tge system and protocol CLL has set uo. It is in their interest to keep it running, so they should weigh the pros and cons of participating in the development costs. If they don't want to pay "handouts", then it wasn't profitable after all, right?

Do you have something better to offer? Right now, they only sell tokens to investors, but that clearly doesn't work forever. At some point, they'll have to take in new money.

>>51022754
>I told you an established one
Yes, asking major companies for funding.
You're a joke.

>>51022765
So are you saying they should keep selling tokens? What if they run out? An IPO might look promising in that situation.

>>51022784
>So are you saying they should keep selling tokens?
That was always the plan.

>>51022681
Thanks for the word salad, here's your you.

>>51015656
>either the amount of options
All the options are sterile, censored shitholes controlled by big tech. The reality is millennials were still raised being told free thinking is good, and there was less brainwashing. Zoomers are brain dead cattle and they rather have social approval like animals then go their own way and cause mischief.

In a decade this website will be mostly populated by middle aged white men while kids will be hooked up to metaverse

>>51022791
What if they run out?

>>51022626
They do, and markets are retarded and eventually caught up to what Amazon was doing. Do you sincerely believe that Chainlink has fundamentals in the way that Amazon did? You've got to be completely out of your mind if you do. Any "fundamentals" that Chainlink has is really just enormous speculation around what Chainlink could do under various other lofty hypothetical scenarios that haven't been realized yet. Right now Chainlink has some price feeds and some services like OCR and VRF. What fundamental value is Chainlink providing here? Thousands of integrations with a bunch of bullshit DeFi ponzis? That's all we've got so far, and that's why Chainlink doesn't really have any fundamental value. Any of the cool stuff is still just theoretical crap in a whitepaper (e.g. staking, CCIP, DECO).

Amazon was disrupting retailers from day 1, that's the tangible value they were delivering and people who were sleeping on the internet obviously paid the price. Blockchains STILL have not moved beyond the stupid speculative phase. To this day we don't have any truly useful services that use blockchain technology. They're basically interesting toys but fundamentally society doesn't rely on blockchains or smart contracts on any meaningful level. Chainlink likes to talk big about how they're going to disrupt digital agreements, but have they actually done that in the last 5 years? They haven't, plain and simple. Where's the disruption for the banking system? Where's the disruption for insurance? They talk about all of these things and haven't done a single one yet.

>>51022816
What if a lot of things.

>>51022818
>markets are retarded and eventually caught up
Yup

>>51022793
>another post of meaninglessness

>>51021746
>mfw a bot makes a better post than most anons these days

>>51022818
>What fundamental value is Chainlink providing here?
Ask Compound: >>51021366

>>51022828
thats the point isnt it. no new memes, repetitive content, the same debates, everything has been in digital lockdown here for some time now and all in the name of research

>>51022822
>What if a lot of things.
Since the amount of tokens is finite and the price is falling instead of increasing, it's more a question of when, really. So what then?

>>51022854
only then will the prophecy that was foretold in the times of old come to pass

>>51022854
The lion's share of the actual work is building and releasing the features they're about to release.
After that, there are still lots of tokens left and it stands to argue that running official Chainlink nodes will suffice for upkeep.

Fucking hell the amount of chronic fud bs in this thread. You don't even need to give a fuck what a smart contract or an oracle is to see chainlink is a good investment in this space. All you need to do is look at the people on their books and know they're about to go live with [insert whatever it is they do] in the coming weeks and months, and that ought to be enough. As it happens I understand it all pretty well, but fuck me, you have to be an utter mongoloid to not see something big is about to drop. Add to that the sheer volume of obvious twats spitting feathers about how we shouldn't invest and you have one clear investment opportunity on your hands. I'm up to my neck in Link, and it's a good feeling. These fudders MUST be on a payroll somewhere. If not then they're truly lost up their own arseholes and will never find contentment.

>>51022826
At the end of the day you lost money, I made money, and instead of listening to good advice you'll just keep being a faggot.

>>51022905
what advice?

>>51022898
Judging by the development velocity, it seems unlikely that they'll be done any time soon. They would also have to run a skeleton crew and fire everybody else. Let's hope they can sell tokens for a few more years then.

>>51022417
This is the way you have to look at stuff like IPO fud, which is laughably pathetic.

The staking we've been waiting for will generate so much revenue that Chainlink will become so powerful, it'll be scary.
Waiting 5 years for something as revolutionary as Link staking, is NOTHING.

It's honestly hilarious how the retards on this board are pointing to shit like SHIB as an excuse to try and chase profits outside of LINK.
My uncle was a really intelligent investor and steadily put money into his 401k and self managed Roth IRA.
During the 08 recession he was totally upside down on the stocks he bought, and ended up having to take a different job.
However, he continued to buy those stocks
(he never got into telling me which exact stocks because he wanted me to do my own research and find things that made sense for me. Instead, he just preached the strategy)

I'm following the same method with IRA and Roth 401k that he helped me establish, but I'm also continuing to invest in LINK the same way.
The point is, in this market it's going to take a while for things to recover, but we have the opportunity to increase our positions.

My uncle raised a family and retired as soon as his kids finished college even though he never made more than 100k/year.
Now he's chilling on the beach and having a blast.

pic related- The book he gave me that he learned a lot of his strategy with.

>>51022973
>it seems unlikely that they'll be done any time soon
In the next four months.

>>51022836
DeFi in its current form is just nonsense, if it had any fundamental value then every DeFi related project/token wouldn't be down -90%. Again, DeFi was the narrative back in 2020 and it turned out that hey, this all kind of a bunch of bullshit and we're not really solving any interesting problems here. Anything interesting about DeFi doesn't actually exist yet. And again, Chainlink has talked a lot about stuff they want to do where DECO could be solving a real problem. The reality is that until there's some KYC/AML compliance built-in at the protocol level, DeFi isn't going anywhere interesting. Governments will never back down on KYC/AML.
>>51022901
In about a month we'll have SmartCon 2022 wrapped up and I look forward to the new kind of cope you'll come up with when we still don't have staking and CCIP released.

>>51023007
>DeFi in its current form is just nonsense
Defi in its current form is worth dozens of billions.

>>51022640
>Hurrr durrrr if i haven't seen it, it doesn't exist

>>51023021
And what does it provide exactly? Swapping one worthless speculative token for another worthless speculative token. Or maybe taking a loan for a worthless speculative token by putting up my other worthless speculative token as collateral. That DeFi?

>>51023067
You can say the exact same thing for most of tradfi.

>>51023067
Transparency
Trustless

>>51022988
All development done in four months? Are you sure?

>>51023007
Amazon fell over 90% in dotcom crash. You’re contradicting yourself

>>51023088
No, the developments they're about to release.

>>51022503
Hahahahahahahahahahahahahaga you fucking stupid LOSER FAGGOT.

>duuuuuude Link is the same as one of the best tech companies of all time because IT JUST IS OKAY

And then you sit there trying to win an argument based on semantics like an autust. Company valuations are based on sales you dumb fuck. Look up PE ratios. Amazons stock was done due to one of the largest stock market crash’s of all time.

>2.7 BILLION in sales versus a big mac conference. Weeeeerrrree da same!!!!

>>51023110
>Amazon is one of the best tech companies of all time
And yet its stock was in the dirt while Amazon itself was growing like crazy.

>>51023097
And after that, they will continue to develop? How long? If this is just a very early version of staking they are releasing, then it sounds like they have a long road to go. Their tokens might not be enough to fund all this effort, and inflation is also increasing the wages, it's a tough spot.

>>51021423
>company’s stock is connected to their service.
Kek

>>51023122
>And after that, they will continue to develop? How long?
Jesus fucking christ anon.

>>51023067
>what do dozens of billions of Dollars provide
Uhhhhhh

>>51023040
Not me, you. You haven't seen it. I'm not asking you to do my homework, I'm highlighting that you haven't done yours.

>>51022901
Who is actually going to use staking? What institutions are lined up? What real world transactions/business process are going to change bc of link?

In before

> read the whitepaper

>>51023146
What do you mean by this?
>>51022468
Prove your own claim americuck

>>51022468
>ridiculous ones on market.link
How are these ridiculous

>>51023176
>What real world transactions/business process are going to change bc of link?
Securities, derivatives, insurance, ...

>>51023075
>You can say the exact same thing for most of tradfi.
Tradfi deals in the end with the delivery of physical commodities like coal and oil. Even tradfi loans provide the very valuable utility of allowing your to draw against your own future earnings. In defi if you want to borrow 1m you have to give them 3m! That's not a loan, it's a leveraged trade. The parasitical financialization in tradfi is an unfortunate side effect, in defi it's the entire product.

>>51023208
>Tradfi deals in the end with the delivery of physical commodities like coal and oil.
lol no it fucking doesn't.

>>51023007
>Chainlink bad because crypto bad
I will never grow tired of this argument

>>51023143
>dude the tokens where most of the supply is controlled by a handful of wallets is totally real and it's totally a healthy market with plenty of liquidity
>>51023195
More theoretical stuff that has absolutely no sign of being implemented anytime soon?
>>51023255
No argument.

>>51023180
They treat inflation subsidies like profits. It would be like if BTC miners refused to make a distinction between fees and block rewards and just lumped them together as "profit".
>>51023217
Alright cool. Go buy a million barrels of oil at your local gas station.

>>51023268
>More theoretical stuff that has absolutely no sign of being implemented anytime soon?

>Project whitney - gpiLINK
>https://www.arbolmarket.com/
>https://etherisc.com/

inb4 "Those don't count" faggot,

>>51023268
>More theoretical stuff
lmao, the question was about the future you disingenuous snake.

>>51023282
If you buy stock in an oil company, how many barrels of oil are you buying?

Sometimes I forget I'm wading through the absolute dregs of human mental acuity.

>>51023300
Is anyone actually signing up for Arbol or Etherisc over existing insurance companies? They haven’t actually disrupted the insurance industry in any meaningful way. Project Whitney is just more breadcrumb bullshit. If we’re still relying on breadcrumbs to make it it really isn’t looking good for us.

>>51023415
So you agree there’s absolutely no sign of any of those industries adopting any blockchain related technology anytime soon you angry boi?

>>51023627
There are plenty of signs that this adoption will happen, just look at the Smartcon speaker list lmao

>>51023639
Do you seriously think the speakers from people like the DTCC guy is going to be anything beyond
>yeah thanks for having us Sergey we’re very excited about what smart contracts can bring to ____ and we’re always exploring opportunities for how we can utilize smart contracts for ______
Then I really don’t know what to tell you. I would love to be wrong.

>>51023671
>h-he didn't actually mean to be there!

>>51022564
They’ll make money by utilizing their protocol. It’s obvious that they’ll retain a percentage of their wallet for use in high value nodes for passive income. They’ll probably also keep a reasonable amount in storage in case they need to fine tune the marketplace by adding more to the circulating supply. Once things are mature they’ll probably burn their remaining tokens. Just passive income will be enough to make sergey and ari the richest men in the world. You have to wonder what they’ll develop once they have real fuck you money.

A lot of people have gotten burned in this market. We saw it in the last crash where true believers lost all faith. That’s what was behind the rise of scams and pump and dumps this cycle. People lost faith in this world changing technology because they got burned and they decided that only suckers believed, and that they were going to make money off those suckers. But the reality is they got burned for being too greedy too early. This is the next evolution of human interconnectivity, and it’s consequences will be on the same scale as the internet or splitting the atom were. And there are people on this board arguing over dog coins.

>>51023522
So you think buying stock counts as tradfi, but buying oil doesn't. Good to know who's on the other side of my trades.

>>51023747
>So you think buying stock counts as tradfi, but buying oil doesn't.
Tradfi is a term invented to contrast with Defi. By definition it excludes things like commodities, and focuses exclusively on things like loans, brokerage, fund management, liquidity provision, ...
It's tradFI, not tradCOM.

>>51023766
Tradfi just means "not defi" dipshit, you don't need to write a doctoral cope thesis about it.

>>51023782
Tradfi is all the things Defi does, but by traditional institutions.

>>51023195
But who? Name the company buddy. Not just a generic industry. What fucking insurance company said theyre gonna use this shit? Oh thats right, NONE

WHY WHY WHY WHYYYY WHY DONT YOU JUST SELL I HATE THIS COIN I HATE THIS PARTICULAR COIN MORE THAN ANY OTHER JUST THIS ONE JUST CHAINLINK SELL YOUR FUCKING CHAINLINK PLEASE PLEASE PLEEEEEEEEEEEEEEEAAAAAAAAAAASSSSEEEE!!!!!! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOO I HATE HATE HATE CHAINLINK I CANT TAKE THIS ANYMOOOOOOOORRRRRREEEEEEEEEEE!!!!!!!!!

>>51023807
>But who? Name the company buddy.
Look at the Smartcon speaker list.

>>51023787
Lmao fuck off

>>51015596
Yes with Jewish tricks

>>51023826

>>51013416
Bitconnect's peak market cap was only $2.5 billion, yet it still held conferences.

>>51023843
You are a literal timewaster and I'm happy you are poor.

>>51013416

DR:NS

It’s destiny bros! It’s shaped like a cube! Like totally Saturn bro. It must be true! Like gematria bro!

farking tradfi brahs

>>51023818
As explained previously, they will just give some lip service about da “future”. Same as when Swift guy came two years, same as all the “institutional interest” Sergey used to have on his slides. Also, I dont see any insurance companies on the nerdcon list, could you specify which ones?

I called our business insurance carrier and asked if they were implementing parametric crop insurance. They went quiet on their end and then mumbled something about putting in a support ticket on the website. Are these the famous “breadcrumbs” Ive been hearing about?

>>51024115
>but who??
>th-they don't count

>>51024960
>attending a conference for $250 means DTCC is implementing link for every stock trade.
>i i its amazon broo!!!!

Delusion

>>51024999
>th-they didn't mean to be there!

>>51025007
>amazon after 5 years - $2.7B sales
>chainlink after 5 years: low level associate from institution attends big mac conference. $0 in revenue, hundreds of millions in expenses
>you: duuuuude its the exact same setup!!!

>>51023864
That guy was right, anon. Taking out a collateralized loan is also utility even if it is the same as a leveraged trade. That was a weird and arbitrary line to define as the distinction between parasitic and non parisitic.

>>51025139
>>amazon after 5 years - $2.7B sales
And yet their stock was in the shitter.

>>51025538
You misunderstood my point but even still you're wrong. Uncollateralised loans are extremely useful in the real world, how would a regular person ever afford a huge expense like a house otherwise? Save up for their entire life and buy on their deathbed?
Overcollateralised loans, in contrast, are literally just leveraged trades. They have no other purpose. If you need to buy a house, why give $3m to Aave to borrow $1m instead of just converting that $1m straight to cash? There is no reason other than a leverage bet.

>>51025743
>Uncollateralised loans are extremely useful in the real world, how would a regular person ever afford a huge expense like a house otherwise?
By literally pledging his house as collateral. Thats why its called a mortgage, not a "uncollateralised loan".

>>51025743
>mortgage
>uncollateralized loan

Suddenly the retardation of all your posts itt starts making a lot of sense.

>>51025924
You're right, that is a good point an not at all retarded nonsense. Defi loans are just as useful as mortgages and defi is revolutionary technology. That's why link is $1,000 per coin.

>>51021640
So it is a security after all

>>51028015
>if it doesnt have a stock its a security!
how you manage to put on a bra and panties and pretend to be a real woman on discord is beyond me

>>51022495
are jewel is fifty fucking two
52 years old
how many of you chuds would have guessed that from his images and vids
still find it surprising how he works under sirgay who is 20 year his junior, would feel weird no?

>Duuuuude it's just like Amazon
>similarities: both prices went down
>differences: everything else. One has a working product, sales, customers, etc. The other has a hamburger event and a bunch of incel online losers larping as nazis

HAHHAHAHAHAHHAHAHAHA BROOOOO AMAZON!!!!

>>51029061
>hamburger event
why does this of all things trigger so many people
or did the discord community managers been phoning it in lately

>>51029061
amazon became big because they sold books on the internet. books. online. the same place where you can find any book by going on yandex and typing book.pdf. bezos will always be a better scammer than sir gay because he sold paper to plebs for money when they could have got it for free. muh aesthetic? kys. muh feel of teh paper caressing your skin? kys

a BigMac is not just a hamburger,

>>51029139
I would be proud to break globohomo GMO "bread" with the Big Guy himself. As close to god as humanly possibly.

>>51013611
Yet.

This has already been explained multiple times. Link tokenisation is not even close to being activated until staking arrives, when that happens the tokens will lose liquidity driving up the price and at the same time generate returns for the people staking.

You're doing the equivalent of complaining that a potential golden goose is on sale for peanuts because people don't know what gold is yet.

>>51022534
>23 pbtid
>knows literally nothing about LINK

Fuck off.

>>51029380
>when that happens

He still thinks they are actually going to release something. Pure delusion. Leave the cult buddy