/biz/ - Business & Finance

>>54482916
>https://gov.gmx.io/t/gmx-v2-new-low-latency-chainlink-feeds/2050
>The primary economic parameter for this proposal is an allocation of 1.2% of protocol fees generated by the GMX Protocol towards the services of Chainlink and the Chainlink Network

So literally the chainlink token isnt needed.

GMX sissies... we made it.

>>/biz/thread/S52450523

>>54483468

>>54483491
https://twitter.com/cosmo_jiang/status/1598396493286678528

>>54483468
So are you saying we're finally going to make it this year? IS THIS WHAT YOURE SAYING

just imagine the fudders scrambling right now lmao

ALL OF DEFI HAS TO PAY UP. EVERYONE.

WHAT DOES THIS MEAN? WILL THE PRICE GO UP OR NOT?!

>>54483468
very interesting, i remember this thread
even so, someone estimate that this will bring cll $2.5m per year
it's a long, long way to go to $1/per LINK a month even including LINK rewards

I once had 100 gmx. I sold it for link. 100 gmx is now almost $8000. the link is worth $400

>>54483529
Fudders have themselves checkmated and are having meltdowns right now as it is. Their threads are basically spam, so you people have been spamming them with pasta without repercussion. Here are their choices in response
>report it and get their own threads shut down
>spam their own pasta which makes the thread functionally useless (not that it did much anyway)
>waste time "rebutting" it, getting angry and just making themselves look like full time fud coomers

>>54483668
So people*

>>54483633
that's $2.5M from GMX fees in a bear market. now imagine the fees during a bull market. now remember this is quite literally just 1 (one) DeFi client out of them all and just for the low-latency oracle service

it should be quite apparent why that twitter fag cried about having to pay 100K per year

>>54483491
also you should delete this anon

>>54483739
This GMX looks like a winner. Time to get out of Chainlink, timing is everything.

i'm a link holder and even im sick of images like that, shit has absolutely not panned out like people pretended and memed it would. Link is a dead end, and it has wasted years of my life holding it like a retarded nigger.

>>54483896
gokoid cope

>>54483884
GMX is great yes. you're not early though

Wow I'm terribly sleepy for some inexplicable reason...anyone else feelin sleepy? Let's go to sleep together

The token IS NOT USED

>>54484168
with chainlink functions it will be used every time someone opens and closes a position on gmx

>>54483529
its easy just like chainlinkFUD said

>7.27

>>54484227
nico's sweaty anus....

>>54484253
This. Nothing results in price increase so who fucking cares.

>$7.26

>$7.25

>>54483468
>$2/link/month
lol not happening any time soon. It'll only happen with real staking. At best you'll get staking v0.2 in December with a new feature of an unlock button

>>54482935
>I have to pay the transportation company in USD instead of gasoline?
>that means the transportation company doesn't need gasoline!

You sure are one smart cookie, anon.

>we propose to make Chainlink the oracle partner of GMX V2 and GMX the exclusive launch partner of their new low-latency oracles.
the 1% are in exchange to chainlink launching with gmx first, meaning delaying synthetix launch, even though synthetix is supposed to be bigger but they moved on with pyth, which is why chainlink fasttracked those feeds in the first place
synthetix would never agree to giving away 1% of their fees to chainlink, because their dao is utterly pozzed and in the hands of jump/pyth + their bagholders are too greedy

how much fees did gmx and snx generate in 2022?

20M in fees in feb alone apparently

1.2% of 225M = 2.7M

>>54486653

>>54486603
>gas company introduces card used only for buying gas
>states that any prospective gas buyers will need to use the gas card
>starts selling gas to people who don't have gas cards
>the market value of my gas card is going to increase"

>>54486804
>>gas company introduces card used only for buying gas
Wrong, right off the bat.

The company introduced a rule that cars need to be fueled with gasoline, and end users have to pay for this gasoline one way or another.

>>54486824
>demand for LINK oracles is anticorrelated to the token price
explain this then.
The fees from GMX are not being used to buy LINK.

>>54486846
Link nodes must be paid in Link. There is literally no other way.
Literally every single solitary thing Chainlink nodes have ever done on mainnet since May 2019 has required the Link token.

The fact that end users pay the contract operator in other assets doesn't change that (and helps lower the threshold for usage, leading to even greater use of the Link token).

>>54482916
I'm so excited for you guys...

>>54482916
Not buying your bags chainlinkgod

>>54482916
A comfy chainlink thread? A rare sight in biz these days...
Tjank you everyone involved

>be in crypto since 2012
>still don't know what Link does
>don't know anything at all about it
>deliberately avoid researching it at this point
>left to guess what Link does purely from memes

>>54483306
Now that you mention it, that does seem to resemble their logo a bit.

>>54486941
Sorry man, I've been slacking. Here, have this.

>>54483468
how does this even make sense? with 7k staked you get 350 link a year. at $2 per month per link 7k is $168k a year. in order for 350 link to be worth $168k 1 link would have to reach $480. no fucking way we go that high this year.

>>54486923
>chainlinkgod
mentioned in citi's latest report, cope
citigod

>>54487078
Hahahh these copium threads are getting off hand

>>54486866
so users are paying with not link, which is converted to link, then converted to not link to pay the bills. not sure how this will make the price of link go up, buy and sell pressure are equal (+ some more sell pressure by the company). the only way to change this dynamic might be staking, but that's not out yet. so for 6 years counting, the tokenomics are terrible. why hold link at all?

>>54487547
How is any of this different from BTC mining?

>paid with inflationary supply
>near-instant sell pressure

>>54483491
>>54483515
Delete this anon

>>54487547
And don't disappear just to keep repeating the same idiotic drivel in other threads for the next 6 years, answer me: >>54487557

>>54487557
Btc has the programmed supply shocks which force price higher or force miner shutoff
Without staking there is no incentive for link price action, its utility function completely independent on its token price even if token is needed
This is why there was so much anger at the fat man since he released staking details last November

>>54487791
>Btc has the programmed supply shocks
No it doesn't, it simply reduces the rate of inflation every few years.
Chainlink flat-out stopped token inflation for like 9 months at one point, according to your logic the price should've skyrocketed but instead it dumped from $30 to $5.

>Without staking there is no incentive for link price action
BTC never had staking, so how do you explain its price action?
In fact, most cryptos never had staking; XRP, ADA, etc.

>>54487807
You are now being dumb on purpose
What happens in a mined coin when emissions are forcibly reduced anon

Thesecond question is too dumb to belueve real, but this is why premined coins are called shitcoins no intrinsic token appreciation
Now sergay was suppose to change that but he betrayed massively last year
Thanks for playing he is beyond made it now tho and doesnt care anymore

I have been in crypto since 2017 and I have no idea why anyone would buy ARB tokens. What value does the token provide? So you can vote with it lmao who gives a fuck there is no value in that

>>54487818
>What happens in a mined coin when emissions are forcibly reduced anon
What happens in a mined coin when emissions completely stop?

>LINK token doesn't capture value without staking
shills:
>but what about BTC ADA ETH XRP blahblabhblabh
everytime

>>54487856
Literally yes.
Why is Link the only coin in all of crypto that cannot "capture value" without staking?

>>54487867
>why does the only crypto that has branded itself as "fundamental piece of industry infrastructure" require an actual fundamental product in order to appreciate?
kek

>>54487880
>the only crypto that has branded itself as "fundamental piece of industry infrastructure"
lmao pretty sure most cryptos out there brand themselves as that.

Also, if this branding were as effective as you claim, the speculative effect on the price would be greater; not smaller.

>>54487880
>Chainlink is the only crypto that has branded itself as "fundamental piece of industry infrastructure"
Heckin lol

>>54487887
>>54487922
name the "fundamentally important shitcoins"
afaik Sergey is the only crypto CEO which consistently uses "fundamentals" on his copypasted presentations

>>54487929
>Sergey is the only crypto CEO which consistently uses "fundamentals" on his copypasted presentations
What the fuck is wrong with you; virtually every single crypto out there vaunts its fundamentals and claims to be fundamentally important.

Literally throw your dart at the CMC ranking list and look at their website.

>>54487941
so why can't you name a couple of them? You had no trouble pointing to BTC etc when whining about the lack of speculative action on your shitcoin

>>54487954
>so why can't you name a couple of them?
Virtually all of them.

>>54487929
>afaik Sergey is the only crypto CEO which consistently uses "fundamentals" on his copypasted presentations
Literally what

>>54487960
so wait, you're claiming that LINK is virtually identical in branding AND functionality to nearly all of them, yet LINK is the only one refusing to pump?
sounds like a LINK problem exclusively

>>54487969
It probably has to do with the fact that Link holders themselves have been spamming "Link needs staking to pump" for years across all imaginary platforms.

>>54482916
I’ve been a professional psychiatrist for the past decade, let me please enlighten you on the delusions of so called Link Marines.

These group of bagholders exhibit clear signs of paranoia and schizophrenia towards the outside world. The so called “FUDDERS” are just a figment of their imagination, there is no global Bulgarian conspiracy to suppress their token but they have decided to double down on their delusions rather than admit they were wrong after 6 years. This is obviously a clear sign of stark cognitive dissonance. Moreover the constant white knighting towards Sergey clearly symbolizes some sort of financial submissiveness fetish they have. I personally call it the bagholder Stockholm Syndrome. Instead of blaming the dev Link Marines would rather idolize him and elevate him as the cult leader while attacking anyone else that questions his “authority”.

There is no doubt that Link Marines have also a quite peculiar sexual fetish towards cuckoldry. The amount of rage and anger this word triggers is a clear indicating factor that the cuckold nature of the Link Marine is a true reality. As Freud said, the sexual fetishes a person exhibits are a clear reminder of a person’s true desire. After years of studying these so called bagholders…I have concluded with absolute certainty that Link Marines are cuckolds.

Keep on in mind that this proposal still needs to pass and majority is already against it

>>54487980
>the holders didn't shill hard enough for free!
>it's the community's fault!
thank you based advocate!

>>54489473
If you're not going to shill your investment, why the fuck did you even invest?

>>54489494
bump

>>54489494
>investors MUST shill their bags, that's how it works
no, if this shit is any good it won't require an army of pajeets spamming TOKEN MUCH NEEDED SIRS
fuck off, paid advocate

>>54489545
>>investors MUST shill their bags, that's how it works
Well yes.
The second you no longer feel right shilling your own investment, it's time to sell.

>>54489556
>well yes
well no because I've never shilled nor fudded anything before, Idgaf
how desperate are you really? nobody is going to start shilling for free, all the good will is gone
go beg for free advertising on twitter

>>54489494
judging by the quality of link holder posts, the token value would be better off if the holders simply said and did nothing

>>54489575
>>54489581
Staying silent is the second-best option.
The second you feel compelled to actively shittalk your own investment, it's time to sell and seek mental help.

>>54489581
Amen, but then how would the community advocates get Twitter clout if they couldn't spend all day making dumb memes and harassing other projects?

>>54489597
Hard to disagree with that one. But they will, so enjoy the mental gymnastics I guess.
Linkies that thrash their own investment constantly but don't sell are the most pathetic crypto cucks in existence.

>>54489641
Imagine a mental state that compels you to spend your every waking moment thinking and seething about other people's investment.
Must be hell.

>>54489603
>getting butthurt over Twitter
lol you virgin

>>54489705
Found the Twitter fag lol

>>54489737
You're the one whining about twitter all of a sudden, but I'm the twitterfag?

>>54489597
I'm not trashing LINK at all, I'm trashing paid twitter retards like (You) spouting literal nonsense about "investors" feeling obligated to shill their investments.
go back and stay there

>>54489749
You sound mad you got called out for chasing e-clout on Twitter. Not enough likes on your last Chainlink meme or something?

>>54489765
>>54489778
Why the fuck are you whining about twitter so much? Why even bring it up?

>>54489788
>deny everything!
bro, stick to twitter since you like it so much

>>54489809
>stick to twitter
Says the faggot whining about twitter on 4channel out of the blue.

>>54489788
Looks like we hit a sore spot on this community advocate. Hurts to have your little Twitter circlejerk called out does it? Quick, I think I just saw Visa make a tweet about payments, it must mean Chainlink! Get on it marine!

>>54483633
>>54483739
> Last month, GMX has made $17.5M in fees. Annualized that is $210M a year (stats.gmx.io)
> 1.2% of this is $2.5M a year for chainlink - assuming gmx doesnt see any further growth

>>54489769

>>54489575
>>54489603
>>54489737
>>54489765
>>54489778
>>54489809
>>54489829
Twitter sounds pretty based if it riled you fuddies this hard.
Musk must’ve really turned that place around, I might have to get an account again. You can say nigger now, right?

>>54489952
make your first post an incel manifesto about how niggers, browns and kikes can tongue your anus and make sure your pfp is a chainlink logo
that'll show those normans that your investment is top notch and that you mean business

>>54483468
>https://mtorygreen.medium.com/the-case-for-a-1-000-link-token-b58689bbe054

>>54489996
>your investment
Which one, nigger

>>54489952
Kek oh here comes Mr Chainlink advocate after switching ids again. You only post at the same time 1SqmWrFy posts, you even took the same 3hr break earlier lol You're fucking pathetic.

>>54490121
>3hr break
Not even a little bit close.

>>54490183
>n-not even c-close
Hahaha you got found out, Twitterfag, Chainlink community advocate, and posting from multiple ids. Absolute scum.

>>54490345
>Hahaha you got found out, Twitterfag, Chainlink community advocate, and posting from multiple ids. Absolute scum.
Is this true?

we are gonna be so fucking rich

>>54491437
I’ve been a professional psychiatrist for the past decade, let me please enlighten you on the delusions of so called Link Marines.

These group of bagholders exhibit clear signs of paranoia and schizophrenia towards the outside world. The so called “FUDDERS” are just a figment of their imagination, there is no global Bulgarian conspiracy to suppress their token but they have decided to double down on their delusions rather than admit they were wrong after 6 years. This is obviously a clear sign of stark cognitive dissonance.

Moreover the constant white knighting towards Sergey clearly symbolizes some sort of financial submissiveness fetish they have. I personally call it the bagholder Stockholm Syndrome. Instead of blaming the dev Link Marines would rather idolize him and elevate him as the cult leader while attacking anyone else that questions his “authority”. There is no doubt that Link Marines have also a quite peculiar sexual fetish towards cuckoldry. The amount of rage and anger this word triggers is a clear indicating factor that the cuckold nature of the Link Marine is a true reality. As Freud said, the sexual fetishes a person exhibits are a clear reminder of a person’s true desire. After years of studying these so called bagholders…I have concluded that Link Marines are cuckolds.

>>54491704
The more I argued with chainlinkers, the better I came to know their memetic ramblings. First they counted on the stupidity of their bagholders, and then, when there was no other way out, they themselves simply played up the end of the year (EOY) price. If all this didn't help, they pretended not to not read and not sell, or, if challenged, they ended the thread and reposted four hours later, quoted memes which, if you accepted them, they immediately related to entirely scammy matters, and then, if again attacked, they proposed all FUDDERs were actually chainlink holders and pretended not to know exactly why you denounced their scam. Whenever you tried to attack their beloved master sirgay, your hand closed on a jelly-like meme which divided up and poured through your fingers and they would repost the same four or five type of threads again. But if you really struck one of these bagholder idiots so telling a blow that, observed by the channers, he couldn't help but agree, and if you believed that this had taken you at least one step forward, your amazement was great the next day. The Chainlinker had not the slightest recollection of the thread before, he rattled off his same old nonsense as though nothing at all had happened, EOY, web3, swift protocol, oracles, we love sirgay and do something for a small amount of chainlink and, if indignantly challenged, affected amazement; he couldn't remember a thread, except that he had proved the correctness of his memes the previous day.

>>54483668
Are they really having meltdowns though? What will this do to Link price? It's now public info and has done nothing...

>>54483739
so now we're waiting for a bull market? What about the one we just missed?? I thought Link was a bear market token

>>54483826
>le secret
cringe

>>54484456
>>54484474

/thread

>>54487247
just read the report, not a single mention of Chainlink. You're mixing up the coin as an investment and the underlying tech (which you're inexplicably in a cult for)

>>54487867
>that cannot "capture value" without staking?
plenty of coins can't capture value. The majority actually. They get their one alt pump if they're lucky and die... Link already had it's pump

>>54489597
if you hold something down 90% and aren't critical of it, then you're a shit investor. Claiming otherwise is insane
In summary, this announcement, like all others Link has made and will make this year, amounts to nothing with respect to price, which is all that matters.

>>54491704
>>54491791
That’s a lot of words there. Be a shame if I… didn’t read any of it

>>54492658
>1) A leader is the ultimate authority.
Sergey is the ultimate truth, anything he says is bound to happen even though most of the stuff he said was untrue and totally unrealistic

>2) The group suppresses skepticism and forbids criticism.
Any single person who dares criticize Link is a paid discord tranny, a Bulgarian employed by NEXO or a salty person who lost his stack on Bancor and Celsius.

>3) The group delegitimizes former members.
People who get out of the cult are called no-Linkers or swingies, they are often verbally attacked by the most fanatical Link marines

>4) The group is paranoid about the outside world.
Link marines legitimately believe there is a global Bulgarian conspiracy involving NEXO and Binance to suppress their rank 25 premined token. Nobody can explain why they would do that be they seem to be 100% convinced of this delusion

>5) The group relies on “shame” tactics to maintain conformity.
Any person who dares raises criticism is a potential “FUDDER”

>6) The leader considers himself above the law and moral standards.
Sergey dumped 140 million tokens and made roughly $500 million off retail investors but that’s apparently okay for Link marines.

>7) The leader uses different means to weaken the minds.
Sergey uses sleazy conman tactics to string along the community with SmartCon and other cringe Twitter memes after more than 6 years.

>>54492980
Damn that’s crazy

>>54492980
>Sergey dumped 140 million tokens
he dumped over 500 million tokens and no one knows what he did with the estimated 5 billion usd he got from selling it all besides the 200+ million he lost on celsius

>>54493426
>the estimated 5 billion usd
how do you get there the 350 mil were sold at basement level prices so thats already out and they betrayed on a constant schedule not a dump at the top so his sales were inefficient at that

>>54493721
he sold a lot at low prices, especially the ico
he also dumped a lot above 30 dollars
$10 per token average is on the low side and it's probably higher considering that he went on a dumping rampage during the 2020/21 bullmarket
but it is hard to say exactly when he sold on binance since there's zero transparency involved

Dead shitcoin.

Bumping

>>54487887
>if this branding were as effective as you claim
he didn't claim it was effective. it clearly isn't, just look at the chart

>>54482916
lmao pay up retards

You will pay, you will run the mode, you will bend the knee

>>54495381
Despite his many accomplishments, Sergey struggled with a serious addiction to Big Macs from McDonald's. He found it difficult to resist the allure of burgers and fries, and his love for fast food had caused him to become overweight and unhealthy.

One day, while working late at the office, Sergey met a young Muslim man named Amir who was working as an intern at Chainlink. Amir was smart, driven, and fiercely independent, and Sergey was immediately drawn to him.As they spent more time together, Sergey began to realize that he had feelings for Amir. But he was hesitant to act on them, knowing that Amir was a practicing Muslim and that their relationship would not be accepted by many in their community.
Despite these challenges, Sergey and Amir couldn't deny their feelings for each other, and they decided to pursue a relationship. They faced many obstacles and faced criticism from both their families and their colleagues, but they were determined to be together.

As their relationship deepened, Sergey and Amir faced an unexpected challenge: Sergey became pregnant. The news came as a shock to both of them, but they were determined to raise the child together and create a loving, supportive family.
Despite the many challenges they faced, Sergey and Amir remained committed to each other and their child. They knew that their love was strong enough to overcome any obstacle, and they were determined to build a bright future together.

>>54483306
wtf that's the logo?
PEDO COIN
E
D
O

C
O
I
N

>>54494743
Two dead shitcoins for slurping faggots.
AI coins are trending, altcoinistdao shared insights about a few. I'm never becoming an exit liquidity for any retard

>>54495361
really it's cheap
oracle data is the key to everything at the end of the day
we are invested in the most valuable layer of the stack

>>54492980

I mean Simeon's name was literally in the Zeus Capital documents about Chainlink. It was heavily shorted during that time.

>>54495361
fucking kek

THEY.
WILL.
ALL.
PAY.

ITS NOT 100k per year LMAO
NOW ITS 1.2m

:^)