/biz/ - Business & Finance

>my opinion
Price feeds were obviously the catalyst for Defi, and LINK went crazy after that.
Chainlink Functions are basically the next massive feature that will allow a similar explosion of use cases.
I'd give it a year at most before we start seeing an absolute explosion in activity and all kinds of potential apps possible with this -way higher in magnitude than Defi ever could have been due to the dynamic and varied possibilities of Chainlink Functions.
It took about a year post Price feeds for the massive explosion of activity in Defi. that is my horizon

>>54148184
how the fuck did this shrimp ass nigga think up all this? he doesnt seem like a super genius type u know.

>>54148196
Thank you, Anon and I agree with you. What did you think about the part where Sergey talked about how it's important for the community to do its part and stay positive.

>>54148184
LINK is a comfy long term hold. All these other shitcoins can make more money in the short term but I don't have time to trade them.

If we really think about it, Chainlink Functions is what we all envisioned in 2017 wasnt it?
Speaking for myself, i almost gave up on all alts, including eth, for just BTC when i conceptualised the "weakest chain issue" in my head. i was really down thinking, how are all these use-cases possible if getting the data into a eth smart contract, the person could lie or make an input error? how can that be solved? the DLT is only as strong as the least secure part and that breaks it and makes it useless.
Then i saw Chainlink spammed on biz in like Feb 2018 and it all clicked and i was fucking ecstatic it existed.

We envisioned LINK being the oracle to give the temperature data, weather data, insurance data, dentacoin dentist data, skateboard data, FUN data, and all these endless ideas to become reality.
We got price feeds, which seemed logical first step, and defi was born. Then we got small refinements. then CCIP. im sure some of you started wondering - just how far off are these original ideas? what stops LINK being able to parse that data so far? is CCIP the bottleneck? I was certainly wondering this.

No, it wasnt a bottleneck. Here are Chainlink functions. why did it take so long? mystery to me, but as far as im concerned this is it. All that shit will be possible now, and a fucking megaton of projects wills tart being able to do all kinds of insane stuff and that will attract a lot of attention and hype, and it is ONLY possible by paying the dons to parse all their data.

>>54148305

I think he's being sensible and just talking how he tries to be - as said, he used hiking as an analogy. he spends days in the woods sometimes, seemingly to get away and clear his head - the guy has stress no doubt. why is it taking so long he asks himself?
There are ups and downs in a hike and he tries to remain positive. he is essentially saying yes, be positive guys, there are ups and downs.

Not a bad message but probably just not a realistic expectation of people here. you get all kinds of people. degenerate gamblers, midwit bagholders, fomo tards, people who need money asap and dont believe they can wait. its just not gonna happen, and that truth is expressed in the chart as they sell etc, a naturally and normal market function and behaviour.
When Chainlink Functions give birth to all kinds of meme apps and "ThingFi" or whatever meme phrase they use to coin all those novel aps possible with that data now usable on nodes, people will get excited as fuck over their shitcoin shit log size comparison platform without even knowing LINK makes it possible. However all the devs will just know they NEED LINK to build these aps and make monwy from plebs and have to pay the DONs. it'll also just trend among devs too, and then as price climbs retail just fomo in like goy anyway.

>>54148449
Well put. Seems like he's largely stepping back from being the main speaker when it comes to the community or as he called it "cheer-leading". I believe he doesn't enjoy the interaction as much and frankly, I don't blame him. I cringe every time I read the replies to either the official Chainlink Twitter account, or Sergey's. I think the whole ironic and unironic "token not needed" shtick is past its expiration date.

Not going to lie, was disheartening to hear Sergey actually agree with the fudders. He admitted that adoption wasn't great, and that the product releases were slow. He even agreed with that anon that spent 60 posts arguing with Chainlink advocates that customers would be able to pay in a non-Link token to reduce friction.
I put my faith in CLG, Crypto_Oracle, RTJ, DanGaines, Bubbafox, Plaid, Fishy, and other Twitter marines who said Link was always "just about to take-off" but they've just been lying!

So is Chainlink Functions the Enterprise Abstraction Layer?

Also

>why is it taking so long?

It was his dumbass that said banks and companies would be left behind if they don't use this tech, so that's on him and unrealistic expectations. CCIP was due a year ago

>>54148773
>So is Chainlink Functions the Enterprise Abstraction Layer?
I wouldn't think so. It could maybe enable that. Chainlink Functions lets you monetize any API. You can now from the blockchain run almost any kind of computation through a chainlink DON and trust that the response hasn't been tampered with

>>54148753
if you can list that many twitterfags then you're a fucking twitterfag, faggot

>>54148184
Quality thread, thanks OP.

>>54148867

this. never heard of any of them other than cumguzzlinggod who gets spammed here

sirgay is a fatfuck and a midwit
no wonder you niggers love him, he's just like you

>>54148825
So where and what is the EAL?

This is all a fucking front and everyone knows it. Most big names in crypto are not even aloud to speak about Chainlink (works cited my crack pipe no spoonfeeding). Of course the price didn't moon it's not allowed too. Of course the marketing sucked that's its purpose. Surgay is a fucking actor. Just like Jobs, Schitmit and Zuckertard. Chainlink is a government and megacorp shadow project out in the wild like every other le made in his basement techno monopoly. These people are not real, the fact he's pretending to be demoralized in the face of a mini singularity prove his masters wanted him to demoralize the "meme magic" people. Fuck these people they are snakes, their are no organic businesses or grassroots technologies that come into the fold of the world anymore. Hasn't been in a long time. The last real inventor was Tesla who they killed and told everyone he liked to fuck birds or something. Anyone who makes it from link is part of the beautiful lie that Chainlink was an organic occurrence and it's dominance fell from the fucking sky.

>>54149751

>>54148363
uh skateboard data? what

>>54148449
>Thingfi
Kek

>>54148305
I think he's saying that we shouldn't underestimate the power of positive thought.

Ethereum is widely adopted because developers can deploy custom blockchain logic by sending a transaction with contract initiation code to the zero address.

Chainlink Functions is the zero address of oracle networks.

>>54148184
>requiring more payment in LINK to nodes and DONs.
He explained it but he cannot say it directly, the real tokenomics comes from staking, not payments and almost everyone including link holders struggle to grasp this. Pic related.

Can someone please link the interview. ty.

>>54148305
I loved how he dunked on the inadequate faggots who spend their own free time complaining about the price action, and how he likened them to the moaning losers who contribute nothing to communal endeavors (he used a hike in his example).

>>54149976

obviously he's very careful of his wording and actually he seems to have got quite confident on language he can use to avoid SEC cockslam, probably cause he's worked out how it will work now and has 0 worry about the SEC considering it a security. i've seen Sergey eggshell walking many times in the past when forced to talk about the token but not anything like that now.

He simplified it to "security, and paying for tiers of it" but anyone with a brain knows what that means exactly. a poo app will not care that much about security, and will pay the bare minimum LINK to get their poo poo app working. a more serious one will pay more. a mega corp will pay whatever the cost is for maximum compliance and security. At that outlook, its looking pretty good compared to the past where the extortionate costs of gas made a poopoo app unviable and a mega corp app even more so(I remember Gosner saying Docusign was not feasible due to costs only, not that he didnt want to do it).

I've been reciting Psalm 23 ever since I read >>54146192
Do you ever get the feeling that demonic possession is far more subtle than what is shown in movies?
People dancing for example. Swaying to the music feeling the frequency moving with Sin(e)?

>>54149987
here you go bro - https://open.spotify.com/show/3tzdtYnvNZ4sWlvmAL1aY9

>>54149751
i dont even this this is the schizo derailment posting fudders like to do. i think this is just a genuine schizo post, and part of me can't help but believe it's true.

>>54150119
that based anon is right though
>>54149751
based and redpilled
>Surgay is a fucking actor
this. he is the lovable fat man archetype
>These people are not real, the fact he's pretending to be demoralized in the face of a mini singularity prove his masters wanted him to demoralize the "meme magic" people.
Chainlink is a psyop most definitely at this point
>Fuck these people they are snakes
this.

>>54149909
Especially collective positive thought.

>>54150194

>Ftw you realise sergey was the positive all in this together poster all along

>>54150208
He’s been saying it this entire time.
$1000 Easily.
Check ‘em.

>>54150022
Checked.

>>54149909
>>54150194
>>54150208
>>54150270

>WE ARE ALL IN THIS TOGETHER DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!
>THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY.
>DO IT! I'M NOT JOKING! VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

>>54149751
this

>>54149751
Sigil of Satan right there in front of your eyes. Fuckers have got chutzpah.

>>54150734
So the demons control most of the value and the Jews serve the demons as the chosen people. Huh this makes perfect sense

>>54148773

>>54149751
I'm tired of these cringeworthy schizo posts, just shut the fuck up with your Q tier rambling you dumb nigger.

>>54148196
>I'd give it a year at most before we start seeing an absolute explosion in activity

Keep waiting retard, just around the corner, just one more feature one this one that and sure the entire world will use link

>>54148184
>Overall he did express that LINK is doing something a lot more ambitious and difficult than most. it really is more like holding amazon early on and may take a long time to get insane returns and realise it all.

>>54150022
Staking alone is not a good solution for the broken token economics.
Node operators get all the income from the Chainlink network with the current system, but they didn't play any part in the development and maintenance of this system.
This may be tolerable until Sergey has tokens left to dump, but it will need to create a transaction tax one day.
This can be based on the ETH deflationary mechanism burning transaction fees and giving a part of them back to stakers.
Maybe he can't do this without a better US government that will stop shitting on crypto but he will have to integrate this into his token economics 2.0 sooner or later.

An example of how this could be done is making a 10% burned LINK tax on transactions.
This way every transaction would effectively add to the value of the network and stop the bleeding caused by node operators selling everything.
Of course it still needs a profitable network but if Chainlink functions works then this should be possible.
On the other side of this it could be possible to create through inflation a portion of this burned supply to redistribute it to various groups. For example some could go back to Chainlink Labs to pay for long term maintenance once the token supply is gone.
It could also be used to pay for community staking.

With the current token economics node operators are a bit parasitic on the network.
This created a bubble like Linkpool...

The token economics to make the token needed should not rely on only one dynamic, to force node operators to accumulate more.
There should be a second mechanism like a token burning tax to reduce the dependency on node operators for the token economics.
Even a 5 or 10% tax would make a difference.

However the SEC may be a problem for this and ETH needs to fuck them up over their illegal attacks first...

>>54151108
>The token economics to make the token needed should not rely on only one dynamic, to force node operators to accumulate more.
>There should be a second mechanism like a token burning tax to reduce the dependency on node operators for the token economics.
>Even a 5 or 10% tax would make a difference.

Short sighted.

Billion tokens won't be enough if there is half of the adoption of dlt as we think there should be.

You still don't get it. Sergay is literally trying to change the world. And you want a fucking jeet burn tax. Why not ask for all devs to be doxed?

>>54151108
No this is stupid and you need to stop posting it. Do you even understand what staking is actually for.. staking is key to the entire concept and the network cannot decentralize without it. The entire concept long term lives or dies with the success of the game theory behind staking.

The thing what Sergey doesn’t get is in order for people to get excited about building chainlink there needs to be a financial incentive. Yea we are still up from 2017 levels but the -90% crash has destroyed the morale of lots of people. Combine that with him dumping and spending the money on questionable things. It’s just a recipe for disaster. I have no doubt chainlink will succeed but they definitely have made mistakes along the road. I understand his point about creating the wheel instead of copypasting it like other projects and I have no problem with it taking longer. But he wants people to be more excited about chainlink in the form of building and spreading awareness. Well that’s the thing, people WOULD be excited yes if Link performed better. That’s the reason why ETH has such a large community and developer base who build new dapps etc. They can actually make money doing so. With chainlink you really can’t.

>>54151229

people WILL be excited once things being built with functions come around. The same as "Defi summer". people still reminisce about defi summer, even those who didnt hold link at all. why? because the devs were making huge fucking money, the plebs were making huge fucking money, and he protocol making it possible was benefiting from that, while people unrelated to it all saw "chainlink go up" and made it go up even more.

It was a time when gas costs were lower too, and demand for LINK was high due to all the above. Then gas costs got extortionate. BTC dumped, narrative changed, and DEFI stopped being a money printer due to gas costs. people moved to NFTS.
So what do you think will happen when all this shit gets build with functions? same exact dynamic. gas costs are back to a healthy level again too through layer 2s, other layer 1s(was all on eth in Defi summer) as well as initiatives by Chainlink themselves.

We will unfortunately have to wait for these to start getting built. it took a year after price feeds to see it, im guessing the same for functions. people are severely underestimating functions impact. it fucking sucks realising its probably a year till a critical mass of devs develop enough shit for it but at least its there, and has much more potential due to the scope compared to Defi did.
if we wanna help, gotta get the narrative going now

>>54151229
>Yea we are still up from 2017 levels but the -90% crash has destroyed the morale of lots of people.
The thing is, close to zero of those people actually use Chainlink. Devs give 0 shits about the Chainlink price as long as they can actually use it in their projects. To Chainlink it literally does not matter that the morale of bagholders is low.

>>54151313

This said, Chainlink have really stepped up hard in the area of training people to use their own products. i dont think there is a single other project that has done as much for getting devs to learn to develop for blockchain and deploy apps with LINK products. they do multiple hackathons a year, and have huge resources of building.
This wasn't actually a thing back on mainnet launch. They are already getting people involved on functions and training people up. hopefully this results in a faster turn around for dapps and products using it being launched and creating "ThingFi" or whatever meme term they use for it

>>54151108
Youre an idiot. You dont understand the potential of Link or the way in which Link will be scooped up for security. Pooapps or whatever will HAVE to secure their contracts at least to the value of the contract itself by Link or risk it hacked; they can afford to do so because of super-linear staking. Its genius. But it will take adoption. All the tokens will be staked and whole link will become rare in time - but its ok because there are 18 decimal places and people may be securing contracts with 100000 juels in the far off future, who knows. Point is though we're waiting for adoption and it sucks. Basically the banks etc could treble their own productivity and ease of contracting but they refuse to do so because they are boomers wth an innate sense that crypto/DLT is some millenial "funny money". Shitcoins, shib, doge and the endless cycle of bubbles BTC gets into doesnt help.

>>54150918
you like schizo? okay remember evergreen?
https://twitter.com/WayneTechSPFX/status/1636265165816463362
now you know

>>54151375
I definitely agree with the points you are making, it is refreshing to have an honest conversation about the current state of things regarding chainlink without being called a bulgarian fudder or bullshit like that. Honestly this podcast he did was one of his best ever interviews that cleared up a lot of things aswell.

>>54149751
Dont care, i believe in Christ and im going to heaven

>>54148184
it felt to me like he tried to really dump it down to the zoomers in the community but I dont think they will be able to listen to a 1h30min podcast and the fudders will fud no matter what

imagine doing this but with chainlink
https://twitter.com/jacksonfall/status/1636107218859745286
shitcoin scams from 2017 feel so primative

>>54148196
Two more years!

>>54149751
this

solving problems no one has, since 2017

Fatman dunking on critique while plarforming another pro groupthink midcurving idiot who bans everyone who proves him wrong. Cult cult cultvibes all around

>>54149751
On the surface this sounds schizo, but if you really think about how everything has played out surrounding Chainlink it makes perfect sense. The fact that the media, influencers, etc. all have to pretend that the most important project in crypto doesn’t exist has been the biggest red flag for me.

Also Sergey acting demoralized on the precipice of SWIFT integration kek. I wonder if any of the people involved in this charade have ever thought about how much of a slave they are. At least here we speak and think freely while they are muzzled like a dog and told what to say and when to say it. Sounds like a living hell.

>>54151375
You are on point. We can all see the progress being made and future that Link has cemented itself into. Only it has taken longer than first anticipated. I have no doubt and sleep easy knowing what awaits.

Hey OP, are you chainlinkgod? If so, kill yourself. None of what youve said has any substance.

>he goes hiking
Like I give a fuck? Why the FUCK is he not releasing actual staking and CCIP like he said he would years ago? And damn man these must be short hikes. What kind of limp wristed pussy is 50 pounds overweight in his prime…I bet that fat fuck cant even do 5 pushups.

>le community morale bad
No fucking shit…you promised a bunch of stuff, none of which happened, and now its down 90% with zero signs of turning around and he just throws his hands up saying “well I hope it gets better this year but maybe next year or so”….wtf

>hes so good at SEC speak
So now youre listed him being a snake as an attribute? Man how far we’ve fallen


Also, dont call your gay ass sycophant podcast an “interview”. An interview would have asked actual questions like:

-why have you partnered with every major crypto scam in recent memory and then gone silent when they rug

-what happened with your last project (also a rug)

- what do you say to the people who have invested in you and lost thousands as a result of said rugs

-whats your diet like? Your body is a mix of a 67 yr old man mixed with a 28 yr olds face

-how much have you spent in attorney fees to ensure you dont go to prison behind your various rugs?

-where did you get the funds for all of the real estate you own?

Etc etc etc

>>54149751
>>54152378

im buying link
im buying link every paycheck
food, rent, and chainlink
it's so lonely most people are buying cars and going on vacation but im just here buying chainlink

>>54152543
Based

>>54152708

Based on what? Checked

>>54152543

>>54152378
>Also Sergey acting demoralized on the precipice of SWIFT integration kek.
It’s really scary how good they are at demoralising me/other anons. At this point I don’t see Link moving upwards.
This cabal is evil indeed.

so the CEO literally admits everything is up in the air yet bagholders cope by claiming this is a facade to "demoralize" you
the ABSOLUTE STATE

I honestly no longer care. My life is already ruined by LINK and even if I became a multimillionaire tomorrow, my youth is gone, life wasted. Fuck Sergey

>>54153153
It’s our fault for trusting in internet Monopoly money though

>>54153088
>>54153153
>>54153181
you're not very good at this

>>54148353
>-92% against ETH
okay cuckold

>>54150629
you are a MANIAC

>>54153187
At what? You think this is a joke? I have "invested" most of my savings into LINK over the last few years. It's basically worthless now. My wife found out and left me in November. Stress of looking at LINK charts every 15 minutes has made me an alcoholic and now I have a drug problem too. Money won't fix my life, not anymore.

>>54148184
link to interview pls?

This aussie youtuber Jason Pizino orsomething called us all noobs at his ta of link toward the very end of his latest video.
Im not a noob. I purchased link for 40c and still hold it. Im just a midwit bagholder.

>>54153486
why didn't you sell in august 2020?

It's been downhill ever since in sats and gwei. Looks like it will never recover those losses especially when Sergnigger dumps at every occasion

>>54153486
"bagholder" means you lost money which you didn't

>>54153529
I did sell some at around the high thirties. Purchased a house outright and an 8.5m boat. Got quite a few left.

>>54149751
>what is dunning kruger
>I didnt just overestimate my intelligence and fall for a scam
>its gotta be the illuminati plotting against me
>aliens are the reason my investment didnt perform like i thought it would
>im an enlightened free thinker its not my fault everyone outperformed me in the bullrun they are just stupid sheeple who dont know what i know

>>54148184
>Still peddling a 2017-tier ICO shitcoin.

>>54153387
>it’s sergey’s fault that i’m retarded!

>>54148184
First time I’ve disliked Sergey after listening to him for over 5 years. His attitude has changed so much. He used to be genuinely humble but now struggles to even fake it
>stop FUDing, ‘community’ members (investors). Keep providing us with free advertising
>ugh I guess il TRY to keep the ‘community’ (investors) more informed. Actually fuck that I’m Steve jobs I don’t have time to tweet
Sergey, you fucking weasel. Even though you’re careful to acknowledge us as ‘the community’ and not as investors like your kike legal team has advised you, we still are your fucking investors and you owe us. If you’re too autistic and arrogant to interact with your ‘community’ (inform your investors on expected ROI) then fucking delegate someone to do it for you.
How are you going to fulfil your utopian dream when your funding token goes to zero. YOURE GETTING FATTER WHILE IM GETTING SKINNIER. WHERES MY SINGULARITY YOU FAT BASTARD

>>54157322
Sergey is a sleazy grifter, you fell for his lies and the fact that he looks like a likeable humble person.

He's ruthless and narcisistic like all devs in crypto

>>54157322
we're at the "actually it's your fault" phase of the cycle kek

>>54157322
What have you done to make chainlink succeed? You just bought on binance a few years back then waited for him to do the work retard. Kys you lazy subhuman

FAT FUCK SLAVIC NIGGER I SHOULD HAVE KNOWN

>>54150629
>>54153320
$1000 EOY End of Yesterday visualize it know it see it pump it dump it

>>54152437
Next time don't put your assets on AAVE bro

sergay betray

>>54153277
I said long term, most alts are getting rekt right now anyways.