/biz/ - Business & Finance

CCIP really is the most important piece of the project. They're going to make sure it runs flawlessly and continues to grow, and then we get $1000 eoy. simple as that

>>55624005
I don't disagree, $1k eoy meme aside. It seems we're over the hill in terms of core Chainlink vision (white paper 1) being fully realized. Like it feels like there are no more questions on Chainlink.

When Lambo?

>>55624047
>I don't disagree, $1k eoy meme aside.
meme?

>>55624047
>there are no more questions on Chainlink
why is the price so low?

The pure delusion. You retards actually think you have fundamentally analyzed link and are some sort of elite investor. You know about link because its been shilled to fucking death on this shitty board with terrible infographics and extremely far reaching claims with no evidence. I guarantee none of you have actually even tried to use the mainnet or have even considered the token economics at play here. The mainnet is a piece of trash centralized (it uses one source) API scraper that uploads data into a non self executable smart contract. A fifteen year old could write the code to do this, it tests nothing envisioned in the whitepaper. Now for the token economics 35% of the total supply is in the hands of Sergey himself. The top 100 wallets control 85% of the supply of this coin and it's not exchanges. Binance, the biggest exchange owns ~2% of total supply. Your investment can be quite literally wiped out overnight without a moments notice. Going all into this project is probably one of the stupidest things you can do with your money but retards like you keep lining up thinking you are the next Warren Buffet. Chainlink is so far from a sure thing.
I love it how all you gullible fucks think you've already made it just by purchasing a bunch of meme tokens on a meme cat picture trading platform which does nothing just because a bunch of anons on a kosovo organ trading board said they will be worth a lot someday. Their arguments sound so convincing, so well researched, but the painful truth is that you've been fooled into investing in a honey-worded fairytale of a solution to a problem that isn't even needed outside its whimsical world of princesses and dragons. Starting to notice the pattern? I mean, the project leader is a fucking philosopher for fuck's sake.

>>55623993
does he own the rights to this color pattern and generates new shirts at will?

https://www.youtube.com/watch?v=Fx14Op46YX8

>>55624102
Basically what this guy said. The whole of crypto is just massive scams and bullshit, I've been in it since the very beginning on /g/ when Bitcoin news hit us. Since then nothing has really changed. Some shops kinda accept crypto and that's about it, in 10 years. The government is still wary, blockchain tech as it stands with Bitcoin for instance is still very non-functional. The whole ecosystem is highly susceptible to manipulation, for fucks sake, Bitcoin went from $500 to $19,000 in like a fucking year or something because some wanker printed a load of fake money (Tether) to pump it which in turn pumped the rest of crypto. Crypto as tech is still primitive if it's using a blockchain, the 'developers' in charge are cancerous retards, the exchanges are all chink scam bucket shops like Boinance and the market can swing 10% overnight for no apparent reason. Imagine having most of your net worth in Bitcoin, doesn't even matter what coin because they're all scams which follow Bitcoin's chart almost verbatim. You wake up and find 10% of your net worth is gone. Next month you're up 20%, the week after that it's crashed 14%. Two months later it's up by 168%. The ride will never stop. People don't put money into things which never stop swinging wildly without any apparent reason.

This is what happens when you give any iota of power to average people. Scams, bullshit and dumb systems. Normies should never have been able to have any control over anything. Groups of normies equals fuckups.

I went off on a bit of a tangent but what I meant to say is blockchain and crypto is a meme, companies just play along so they don't look so dated and out of touch with tech but they don't actually care much. Smart contracts are an even bigger meme, vulnerable, complicated. Decentralised oracles are meme squared. I've never been wrong about a long term investment.

>>55624102
dr;ns

>>55624080
Normie blocking fud campaign
>>55624062
Yes meme

>>55623993
$1000 unironically, unequivocally, uncontentiously, absolutely programmed in

Cant wait to get a LINK cube scuplture near my custom pool build. Its literally simple. As is.

>>55623993
DECO, certainly.
In fact, it's about time we start getting hyped for DECO like we were for CCIP.

If we're going to start seeing cross-chain messaging used for more than token transfers (smart contract execution, etc), especially when transferring information between private and public blockchains, users will need a protocol that successfully obfuscates the content of those messages but can still prove that the messages haven't been altered in any way.

https://blog.chain.link/deco-introduction/

>>55624102
Best I can do is one (you)

>>55624130
I have a PhD in crypto economics and mathematics. Crypto incentives in Chainlink are a legitimate concern. I saw Ari Juels speak at a conference recently where he mentioned tokens and asked him about the token economics of a node staking system like the Chainlink network is planning to use. The problem is that node operator incentives are fuzzy at best and not even figured out fully by the team (see the gitter for Steve stuttering about this). When I brought it up to Ari Juels, I told him that in the way the network is expected to be used, the fees payable to node operators would actually decline as requests become more ubiquitous because as the network grows it becomes cheaper to use. This makes sense if you took a few advanced cryptoeconomics courses. Ari admitted that it was a great question but that they were "actively pursuing research in that area." I sold my LINK immediately after that and saw a significant dump on the binance charts. It's pretty clear these guys are pulling you along making you think they're doing something revolutionary when the incentives aren't even fully determined yet.

>>55624135
fag

>>55624133
>>55624143
>>55624173
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit.

>>55624005
>>55624047
>>55624062
>>55624080
>>55624133
>>55624135
>>55624136
>>55624173
Kids, pay attention to this one. You'll see it many times in the upcoming weeks.

Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

>>55624181
tasty pasta bru

>>55624142
I think so too but based on the little we know about it, I think it's more likely that deco will just be part of a Chainlink service such as a decentralized identity service (or a subservice for decentralized identity providers) or added into something like Chainlink functions.

>>55624194
Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes.

I'm a Muslim man but I have to admit that pregnant Sergey really turns me on. I keep fantasizing about putting my seed inside him and watching new life grow... We get married, he gives birth, and we raise that baby under the blessings of Allah. I want to hold hands with Sergey, and looking into his eyes say 'I love you.' I think of myself taking our son to his first day at school, watching that strong and masculine boy develop amazing computer skills like his dad.

Sergey would be the ideal partner for any man wishing to start a family. His great genes give him a combination of assertiveness, strength, and intelligence. If Sergey is able to get pregnant, he has to have a uterus; if he has a uterus, he can only be a woman in the eyes of Allah. ALLAHU AKHBAR!!!

Ok, I can't hide this anymore. It's coming from deep inside of me... this desire to shout...

I'M A GAY MUSLIM AND I HOLD CHAINLINK! Yes, and I am not the only one. I was attracted to this community because of the feeling of brotherhood that it creates. Together we are one. We are above gender divisions and categories. Chainlink, as you know, is a gay sex position where men stick their dicks into each other's asses to form a link.

Today, I declare Chainlink to be the currency of the LGBT community.

I'M GAY AND I HOLD CHAINLINK. YES! I'M GAY AND I LOVE SERGEY! WOW! I'M GAY AND YOU ARE TOO! TOGETHER, WE ARE GAY LINKIES AND NOTHING CAN STOP US!

I'M GAY! AND I LOVE TO SAY IT! I'M GAY, I'M GAY, I'M GAY AND I WORSHIP SERGEY! CHAINLINK! CHAINLINK! CHAINLINK!

NO MORE CHAINS, JUST LINKS!
NO MORE CHAINS, JUST LINKS!
NO MORE CHAINS, JUST LINKS!

>>55623993
It's over bros, LINK is not new tech, a hidden gem, or a coming 10-100x. LINK is mainstream and is in Twitter roasties bios. It’s a corporate entity now, so Sergey has to dump another 750k LINK to hire talent managers and diversity officers. LINK hasn’t been the biz token for over 2 years now. Just sell anons... i-i-iit’s over. It was a good ride marines.

>>55624135
>Normie blocking fud campaign
were the normies also blocked when the price was $50 or is this a new thing?

>>55624169
I have three PhD's in crypto economics and Teo Nobel Prizes and this is incorrect. Chainlink has perfectly fine incentives for node operators.

>>55623993
>>55624142
I would say DECO or real staking. The network is growing to the point where it's going to be a challenge to keep managing a whitelist of chainlink nodes. If they could release a true version of staking, they could allow anyone to run a node.
But they already have an alpha version of DECO, so they could easily switch focus to that

>>55624251
>>55624207
>>55624194
>>55624181
>>55624169
>>55624130
>>55624102
Get a life jeez

>>55623993
OP pic is pure kino

>>55624102
>>55624130

>>55623993
Link bagholders shilling their shit for 143928912th time of the day, why not buying something more exciting? theres a shit ton of stuff going in cosmos with $Atom rn, might be actually worth checking

>>55624559
yeah but cmon some of those throwbacks are good for a chuckle
and any newfags deserve a copypasta hazing

>>55623993
staking
analytics/dashboard
then turn the project into a foundation and let it self-govern like eth foundation.

>>55623993
Some of the major milestones I can foresee

>upgrades to staking: more feeds, ccip support with profit capture, other services support, announcing build and gmx fees airdrops (actual value capture for stakers combined with ccip fees rising would change public sentiment quite a bit)
>ccip deploying to more chains, including non evm, btc, private chains
>ccip supporting more commands and automated services, AI, etc
>ccip being used by dexes, wallets, cexes
>swift messaging support, ISO2022 narrative, more SIBOS presence
>DTCC, BNY, etc actual announcements
>enterprise abstraction layer
>some types of front-ends for retail bridging (would change retail sentiment a lot if chainlink shifts from backend only to backend AND front-end they start having to interact with, and it'd force them to start a public marketing push)
>their own L2
>acquisitions
>cbdc narratives, fednow, more PoR, etc.
>RWAs related narratives, blackrock, etc
>Functions being key to AI web3 narratives with openAI API, etc
>more major entities joining network as nodes/service providers, if banks are gonna start using ccip then would make sense for banks to start running nodes instead of relying on crypto neets
>deco and related privacy services, zkp, homomorphic encryption, TEEs if they ever mature
>AI services integrated into chainlink, like for ccip operations
>addressing the multisig fud for price feeds, ccip actually uses a different and truly decentralized upgrade system which requires nodes to pass a vote
>low latency pull oracles, directly paid for by users and profitable instead of subsidized like push oracles,
>implementation of super linear staking to scale collateral security
>built in insurance subscription service as a premium for some services like ccip
>FSS, could be used to address mev for dexes, sequencer for l2s, pbs for eth l1, could eventually capture fees from most txs
>more chains joining SCALE
>bigger projects giving % of their fees like gmx or joining build

>>55625116
such a great roadmap
it's so ridiculous more people aren't picking up on this

>>55625157
Yeah it's insane to me but market is slowly starting to catch up, it's getting increasingly harder to ignore all this buildup of major developments now that ccip is here and you can see it collecting fees on an explorer and swift themselves are talking about using it, it's all very real despite VCs refusing to acknowledge it. No matter what the next narratives will be (defi, nft, AI, RWAs, PoR, CBDC, privacy/ID, MEV, PBS, L2s, ZKp, doesn't matter because any use case needs oracles/connectivity solutions, the more use cases emerge the stronger chainlink grows) M, chances are chainlink will find a way to adapt because it's middleware at the center of all chains and dapps and because they have such a headstart and already grown to such a large team with deep connections, thousands of users, etc. They can endure market cycles and remain relevant in bear markets and changing narratives while dogshit just comes and goes, it's inevitable they'll slowly keep rising to the top and eventually it won't even be slow anymore, it'll be explosive fomo once more people catch up with how obvious it all is.

>>55625306
>grown to such a large team
how is that an accomplishment when they still rely on handouts from retail? that's like celebrating the government for wasting taxpayer money

>>55623993
Pink table and everything, how fitting

What's crazy is that with more releases, the more ubiquitous it will keep growing

Consider dapps that combine the features of programmable cross chain ccip that can use traditional banking interactions on chain, any web2 and ai api fonctions, deco privacy, anti mev fss, automation, serverless computation and homomorphic encryption a few years from now with actual staking, zero ux friction since you can pay in any asset and connect any backend, multiple scalable networks running in parallel monitoring for fraud with utmost security, etc

Crypto apps might actually start generating some real use cases besides animal ponzis and none of it would be possible without chainlink

>>55624837
I can agree that it's been too long since someone posted the pregnant Sergey pasta

>>55623993
Most obvious steps are outlined in previous posts, but let's think about directions that might rival CCIP.

First thing to come to mind is building around the information flows that Chainlink has unique access to. This is pretty abstract, but having access to the financial information on the internet of contracts is valuable that's for sure.

The second one is AI (probably has to do with the first). Think of data analysis tools on private and public financial data. Maybe data market place related tools? Then there Eric Schmidt's vision: guardrails for AI systems

>>55624837
Fair enough but it's annoying when trying to have somewhat serious discussion to always have someone shitting up the thread.

To me the Chainlink fud has turned into a caricature, like one of those autistic kids who see a meme or joke and just beat it to absolute death and turns extremely unfunny and cringe. That is where the fud level is at now. Not saying all of yours, pregnant Sergey is funny enough, but the actual seething fudders are just cringe and pathetic now that CCIP has launched, imo

>>55627194
these days everything is a caricature of what used to be authentic stuff from a long time ago. nobody is like, "real" anymore. everyone's wearing the clown mask

>>55625430
>homophobic encryption
based

>>55624754
based

>>55627333
checked
based

Can't even pump past $8 kek it's so over. If you told linkies in 2017 that link would only be $8 after the much anticipated staking, ccip and swift partnership they would dump their bags off a cliff and jump off with them.

>>55623993
>Where does it go now that CCIP is here?

$5

>>55623993
>Obviously CCIP scaling to more public chains & securing the private/bank chains, and dapps building cross chain
Y'all know what quantum resistant blockchain is made of, offering benzofags better solution hybrid blockchain with private and public chains working in sync.

>>55625381
Because we knew from Day 1 what the max supply would be, whereas shitty companies will continuously vote to authorize more shares and dilute, Chainlinks built as much as it has and its barely at the 50% mark for its max supply. You fud faggots need to get over the fact that we all know eventually all 1 billion Links will be circulating, that has always been the plan and theyve been disciplined not to sell off too much at low prices, the higher it goes the more $ they raise off a smaller amount.

>>55627572
I know youre just trolling, but for the smooth brains, what stage does LINK look to be in on the daily?

>>55628110

>>55623993
LINK has pumped it's last pump, now it will gracefully sink to the ocean floor and implode.

>>55628110
It objectively underperformed the entire market.

>>55628155
checked.Where will the break out of the range bring us to? What's the next ceiling based on the previous?

>>55624130
Well said Sergey.

what use cases see the average person swapping one crypto for another and paying for the privilege?

>>55624102
My dearest friend, 'tis with immense pleasure that I inform you that your letter has found safe travel to my destination and landed in my hands. However, this pleasure was fated to remain short lived and bittersweet, for I must also admit to you, regardless of what distress it may cause to you, knowing you went to great trouble to pen it and deliver it to me, that I in fact declined to open it and refused to read the message contained within. Surmising your intentions, there exists no doubt in my heart regarding your sincere worries for my financial well being, but alas your attempts to convince me to modify my investment strategies shall regretfully remain futile, as my stubbornness in this matter has indeed been sealed irrevocably and no other voice shall rock its imperturbable foundations. Allow me then to reiterate my will once more, and do your best to forever remember it for no change will follow: I shan't part ways with my beloved asset for it is my utmost belief that I have invested wisely and foresee infinite potential in its future, and therefore no other possession in this world shall change my decision, not even a mountain of gold! For my possessed asset is indeed fated to be worth more than any other riches in the world. We shan't speak of this no more. Sincerely yours, your beloved friend.

>>55624142
this, between DECO, FSS, continued development on the DONs and CCIP, there is no shortage of work left for chainlink to do. But OP brings up an interesting point. Chainlink saved crypto once with data feeds, and now saved crypto a second time with CCIP. Basically what we need to consider is what fundamental issues does/will crypto have, and are they something that Sergey would decide to tackle?

>>55628572
yes, basically Sergey is now God of the crypto space. it goes in the direction that He sees fit

>>55628582
You could say he's a Chain Link God

>>55625403
don't tell the schizo sisters but the captcha for my last post literally had "XRP" in the middle of it

>>55624047
soon

>>55624102
lol hasnt got a clue

>>55628395
$80

>>55624047
They still have to accomplish Chainlink 2.0.
Chainlink 2.0 is all about bolstering the cryptoeconomic security of the project.
Staking is a huge deal for the project, so we do have that to look forward to.
And as you pointed out, DECO is the next big thing we have to look forward to. IMO that's one of their most important features, probably second to CCIP.
Lastly, I previously didn't think it was a big deal but FSS is still coming out. What changed my mind on it was Sergey alluding to it in his recent EthCC speech, where he was talking about how it's going to become increasingly important in the future.

Well, beyond those officially announced features I honestly also have no idea where they're going to go with the project. But we still have stuff to look forward to. DECO + Staking means we're not finished yet.

>>55629610
FSS seems like a pretty major deal to me. MEV is a huge problem- the flashbots dashboard claims almost $700mm in cumulative MEV. If FSS solves this, and becomes an easy to implement feature, every single rational user would be willing to pay up to the full amount of possible MEV to get FSS protection. In reality we don't know what the fee structure will look like, but if FSS is widely adopted, it could easily bring in 100+ million dollars in revenue per year for chainlink, assuming that onchain volume increases.

>>55629663
When you put it like that, yeah it's obviously a big deal haha.
The problem is getting mainstream normies into it. At the moment I think the issue of MEV is kinda "out of sight, out of mind" for them. And especially because the place is run by those causing the MEV. So they'll come up with loads of justifications for why either MEV isn't real, or MEV is "actually a good thing because it makes the protocol more secure", or that you don't need to "waste" money on FSS. And the general public will eat those narratives up because they're retards. We've seen how they've totally been sleeping on LINK already despite the accumulating evidence of its significance being out in the open for years.

>>55624102
Finally a dose of sanity on /biz/.

Deco is needed

>>55623993
>decentralized identity
Based niche for alphas. I already bagged ORE.

>>55623993
>CCIP
>FSS
>DECO
>STAKING
all of these features need to be finished for the ultimate ascension. linkies have a while to wait yet.

>>55623993
kino pic, fixed it

>>55632564
you should put a pink wojack on the table. Would represent reality more

>>55632544
Checked. About 5 years.

>>55632589
They've already been working on these for that long. Idk if it was speculation or a partnership falling through, but Arbitrum was supposed to be working on FSS, it was supposed to be like how CL worked with Synthetix on teleporters... But something seems to have fallen through there. Something about Abritrum seems a bit fishy.

>>55632544
historically it's never worked that way
there will be massive speculative pumps between now and the time when all these things are fully completed

>>55632582
that's already been done
what you think you're the first genius to think of that? you fancy yourself a creative?

>>55632740
I get it anon, I'm bagholding since 2017 and missed selling the top as well, but I'm not holding my breath for $50 link this year or next... Getting squeezed until 2025 would make sense, market makers don't care about our bags bro, they're care about maximizing their end game. Plus we have a fucking election, anything could happen.

>>55632724
isn't arbitrum just a dumb bridge and thus useless anyway now that we have CCIP? to me arbitrum was always just a stopgap measure while we waited for CCIP.

>>55632753
market makers aren't a monolith. there's always people who are gonna wanna front run. a single whale already pumped the price to $8

and lol if you think the US election means jack shit. you just come off as dumb

>>55632755
Arbitrum has the most TVL of any L2. You may be confused on the distinctions.
>>55632768
>reddit spacing
>elections don't effect markets
>single whale
>you're dumb
It's always people who are wrong about everything they say inserting ad hocs at the end. BTW, you are a NIGGER