/biz/ - Business & Finance

>>57222154
>-0,82%

This only means something to you if you're staking, since these kind of partnerships are to improve our BUILD shitcoins

>>57222194
>since these kind of partnerships are to improve our BUILD shitcoins
I really hope you're not staking because of the build rewards because those will amount to fuck all.
>t. 4 full wallets staked.

>>57222154
Any news related to Build should just be ignored for your own sanity.

>>57222352
should I better skip early lunch? I don’t wanna risk a bad stomach

Fix price

>>57222154
It’s funny because interest in chainlink has been dwindling and advocates post controversial stuff like this in a futile attempt to keep the interest going.

They’re probably samefagging as fudders as well as shills so link doesn’t fade into obscurity.

Meanwhile I did a 5x with injective last year haha

xD

>>57222646
If someone keeps promising to buy you lunch, but he never does, it's best to ignore him and buy your own.
Sure he might actually do it one day, but it's best not to count on him.

>>57222720
avocado irrevocably btfo

>>57222654
The price is where it should be.

Imagine buying link. Even if it went to $1,000 that’s a measly 70x while every other shitcoin did a 30-50x last year and more will do so this year lmao

Risk reward just ain’t there for link homie. Why would anyone buy link when you can just buy bitcoin. Less risk and better performance than link.

>>57222812
>The price is where it should be.
lmao, there's no way in hell Link belongs at a lower ranking than Sol, XRP, and ADA.

>>57222720
they advertised having sold donuts that could feed 20 persons at a time. doesn’t mean I get those same donuts served, right?

>>57222900
... what?

>>57222842
You are forgetting the critical fact that the link token is literally not needed.
This gets even worse with the "payment abstraction" scheme they cooked up.
You can pay in any token and this gets converted to link from the 350m node incetivization stack which then gets dumped onto the market by the node operators. This is entirely inflationary and means that the link token will be unneeded and unpumpable until all of the premine is dumped, and this is at least a decade away

>>57223028
>from the node incetivization stack which then gets dumped onto the market by the node operators
This happens for all L1s.
Bitcoin mining rewards are more than 95% inflationary subsidies.

It's pretty obvious that you only hold Link. You're clueless about the basic realities of crypto.

>>57222979

>>57223073
I was talking about the Build rewards payout.

>>57223063
why do you retards bring up BTC every single time. There is buying pressure from retail and now institutions from BTC. this is not the case for link

>>57223137
> haha what a shitty person, he loses consciousness for 8 hours every day
< everyone does that, it's called sleeping
> WHY DO YOU HAVE TO BRING OTHERS INTO THIS???

kek

>>57223137
institutions aren't buying btc lol

>>57223132
ohh, makes sense
>>57223137
2x at 100k?

>>57223210
they have been in an unofficial capacty for years now.
t. in the know
>>57223264
what?

>>57222194
SingularityDao haven't joined the Build programme, but have partnered with Chainlink to support Build members. It says quite clearly.

>>57223028
the 'premine dumping' will end in 1 year and 2 and a half months.
1 billion total - 350 million 'node incentivization stack' = 650 million.
current circulating supply is 568 million.
82 million left to dump.
12 million of that, we understand, will be dumped by March 2024.
Leaving 70 million to dump, which will likely happen between q2 2024 and q1 2025.

>>57223028
>this is at least a decade away

so no, it isn't at least a decade away.

>>57223360
before fudsters jump in,
of course, they might say that from 'this stack' there is x left and from that stack only y has been dumped.
but that would mean paper promises.
right.

>>57222842
I mean, there’s absolutely no reason for chainlink to have an 8 billion dollars valuation either. It’s all bullshit.

The only thing propping up the value of these tokens are VCs and market makers. Sol, xrp and Ada were accumulated by bitcoin whales and that’s why they’re at the place they’re right now. Chainlink was also accumulated by whales at some point but it’s literally the antithesis of quick gains in crypto. I think this is why it’s quickly being abandoned by market makers and hated by big crypto characters.

Chainlink goes against everything VCs want which is making fast money and growing the market. This is where retail can make money taking advantage of the inefficiencies of the market. Imagine if tether implemented chainlink proof of reserves, it wouldn’t be able to print money at will and prop up the market.

Chainlink wants the network to grow at the expense of pushing everything down but itself. They want scams to go away so the tradfi firms can come in and manipulate the market to their favor using official means like futures, options, etc.

Scams are part of what allows you to make money right now, however. In a regulated market they’d disappear as well as any incentive for making life changing gains.

In reality if chainlink wins, the tradfi companies win and you as retail will lose your edge, no more booms and busts.

Chainlink winning is node operators bringing in billions of dollars in fees while the link token remains relatively stable. This is why advocates don’t care about the price of the token, most of them are also node operators and are already making millions a year providing answer to centralized oracle calls.

Chainlink is not the hero, Eric Schmidt is not a good man.

Chainlink winning means you losing.

>>57223385
>This is why advocates don’t care about the price of the token, most of them are also node operators and are already making millions a year providing answer to centralized oracle calls.
Mmm… it makes sense now. They’re not getting paid for advocating but they do get paid as node operators. Maybe that’s why they’re so “patient” and tell everyone to keep holding for a decade, motherfuckers are already making a shitload of money even when link’s price goes to shit.

Sold my link recently after the recent dump so of course it would start pumping. You're welcome LINK marines

>>57222720
Right, but you're saying that there's still a chance he'll buy you lunch. And someone that keeps promising to buy you lunch is more likely to follow through at some point, correct?

Neet nodes

>>57222154
i would never let that stupid shitcoin into my rango wallet

>>57223660
>sold
>"of course it would start pumping"

oy you are welcome goys

>>57223695
>but you're saying that there's still a chance he'll buy you lunch
Yes, and it will be a nice surprise when he does.
But until he does, it's best to ignore him.

>>57223385
The use cases enabled by a smart contract world will dwarf in valuation to current companies. You're just low IQ and can't comprend investing in those companies early

>>57222154
oh wow the one millionth "partnership" that dropped the price by 3% wow!

>>57222154
Guys there are better coins that do more that have a nothing marketingcap compared to yours. Just give up and let my coin absorb that marketcap so that I can shitpost forever as a rich man

>>57223385
Thanks dude this is insanely good alpha, wow holy smokes.

>>57223695
>more likely to follow through
or less, if he's doing it precisely to string you along. it's a wash, probably

>>57223385
Oof, sold everything I after I read this and realised that Chainlink bringing maturity to the crypto space and bridging tradfi with the 20 trillion dollar blockchain industry in 2030 actually involves me losing, phew.

>>57223385
Is this reverse FUD?
I absolutely love this
>Chainlink wants the network to grow at the expense of pushing everything down but itself. They want scams to go away so the tradfi firms can come in and manipulate the market to their favor using official means like futures, options, etc.
>Scams are part of what allows you to make money right now, however. In a regulated market they’d disappear as well as any incentive for making life changing gains.
Yes, that's exactly right. I am absolutely fine with the dumpster fire that is crypto completely collapsing for my own personal gain and your loss. There is no amount of spam that you full time ESL dregs can produce which will change the fact that the actual ponzis you rely on are inevitably going to be wiped out by chainlink.
It's why shit like bancor and celsius failed - they pretended to be with link, implemented something counter to it, and the rest is basically "fuck around and find out."
Bravo, you dumb animal. You actually stumbled across and showed an understanding of why I will never unstake or sell.
Enjoy the rest of your fulltime "work" on biz, you're here forever.

QRD on SingularityDAO?

>>57222154
WHERE ARE MY FUCKING BUILD REWARDS. ANSWER ME

>>57224948
one day they'll come and we'll get like 5 figures of cash for free. it'll be awesome

>>57222352
This. I'm not looking at anything at all until I get an airdrop worth something.

i can't wait to outperform my staked link bags blindly aping memecoins. fuck this piece of shit