/biz/ - Business & Finance

[Anonymous No.10924601]

I am looking to acquire 100k LINK.
Please explain the following to me

> Shadow Fork
> Singularity

[Anonymous No.10924608]

>>10924601
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.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

[Anonymous No.10924610]

Sf wont happen
Singularity will
Link whales sold to ride the incoming btc pump.
Unironically the best time to buy.
Whales will buy back in once btc stabilizes. But you will have gottem their cheap bags.
This is when the normies with weak hands sell.
Follow your gut anon

[Anonymous No.10924616]

>>10924601
Just buy it, no one is spoonfeed you. We have been shilling it here for weeks. If you still don't get it. move to another project.

[Anonymous No.10924617]

>>10924608
You are a MANIAC

[Anonymous No.10924645]

The shadow fork are the tokens that are actually used to power the Chainlink network that were forked off some time in December. The LINK tokens you buy and sell on Binance don't actually do anything. All of the tokens with actual transactional value are held by smartcontract.com, angel investors and venture capitalists. They will never be sold or traded to plebs like us because they, unlike public LINK, will actually be worth tons.
The singularity refers to a sudden Chainlink price increase, but considering it only applies to the shadow forked tokens there's no reason to go into it in depth.

[Anonymous No.10924667]

>>10924601
The Shadow Fork is an ages-old piece of FUD that centers on the idea that Sergey and co. would be so disgusted with 4chan's involvement in the project that they would copy the code and split it into a new one. You can check the various communication channels with the team -- they're uncomfortable with making a bunch of racist neets rich, but on the whole seem good humored about the situation.

The singularity refers to the moment that a functional Link product reaches mass consciousness, leading to an unprecedented price rise in terms of the history of crypto -- and, in some visions, the history of tradable assets. Most of cryptoland thinks that the oracle problem cannot be solved, and even normies who are literate about blockchain and the like have no idea what the oracle problem even is.

One particularly famous 'insider' (currently an argument about whether or not he was a larp, check the archive and decide for yourself) put forth the theory that it was going to drop all at once -- the working mainnet, mass adoption of smart contracts, and mass awareness of the tech and the asset. We'd see it on CNBC and the like. This sudden influx of buyers would propel the price higher at a historic rate -- thus, the singularity.

[Anonymous No.10924722]

>>10924616

Been lurking for weeks, but both "Shadowfork" and "Singularity" seem to be an inside meme.

>>10924667
>>10924610

Thanks, great answer. I don't have any further questions.

[Anonymous No.10924747]

>>10924667
>The singularity refers to the moment that a functional Link product reaches mass consciousness, leading to an unprecedented price rise in terms of the history of crypto -- and, in some visions, the history of tradable assets. Most of cryptoland thinks that the oracle problem cannot be solved, and even normies who are literate about blockchain and the like have no idea what the oracle problem even is.


!!!! No words

[Anonymous No.10924786]

Fuck off

[Anonymous No.10924793]

>>10924786
IM PISS DRUNK AND FUCK THIS BOARD, YOURE ALL LARPING FAGGOTS WHO NEED TO BE SHOPPED UP AND DICED LIKE THE FRUITS YOU ARE. MIL SURP IS BARELY VIABLE AS GEAR STOP TELLING PEOPLE WHO AREN'T POOR THAT ITS LEGITMATLY GOOD FOR OUT ACTIVITIES SAME WITH FUCKING WOOL, WOOL IS A USLESS GARBAGE FABRIC STOP PRETENDING ITS WORTH ANYTHING BECAUSE IT SUCKS. ALL YOU BASEMENT DWELLING BACKYARD BUSHCRAFTERS NEED TO GET JOBS AND STOP SPREADING FALSE INFORMATION ABOUT GEQR AND TACTICS YOU ALL SUCK FUCK YOU

[Anonymous No.10924808]

its just a meme

[Anonymous No.10924853]

>>10924722
No prob. Happy to have you aboard, lieutenant colonel