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/biz/ - Business & Finance

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14136227 No.14136227 [Reply] [Original]

Dont buy it.
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.

>> No.14136234

>>14136227
Thanks just sold 50k

>> No.14136239

>>14136234
No problem.

>> No.14136245

>>14136227
so its a ponzi?

>> No.14136257

>>14136245
I don't know, but it won't be adopted like people think.

>> No.14136275

Yes a russian jewish scammer who can't even afford a new shirt. I always see the big mac stain every time i see him

>> No.14136329

>>14136227
You have no idea what the term trustless is in tech terms

>> No.14136347
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14136347

shut the fuck up im never selling my link ever again. today google. tomorrow amazon. EOY the world $10000

>> No.14136358
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14136358

I'm going to post the same reply that I gave to you in another thread:

I feel you. I know how the things happens in real world. More than that — inertia caused by the old habits, it cost a lot of money to change a system.

Anyway, we all know that this fucking coin are going to pump. We have hype on our side. So, I don't know why guys that are trading crypto don't go ahead and buy CHAINLINK. I have been making a lot of money with that. So, if you don't like easy money, ok, but the /biz/ like.

Don't stop shill LINK.

To the moon

>> No.14136406
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14136406

>>14136329
Please explain how I'm wrong.
>>14136358
There'll be no hype if people find out the truth.

>> No.14136524
File: 493 KB, 589x2244, LINK.jpg [View same] [iqdb] [saucenao] [google]
14136524

>>14136406
Explain to my 140% gains past two months trading LINK, in most of times, how there is no hype.

Let me tell you something. BTC is outdated, slow, and so expensive. But still the major mcap of cryptocurrencies.

Probabily most of cryptocurrencies we know today will disapear, and we are going to move to a cashless society with government cryptocurrencies.

Do I care? Since I'm making money, no.

>> No.14136576

>>14136329
Be in denial then.

Literally everybody who isn't a brainlet on this board knows chainlink is a scam and that cloud expo Isn't going to be as groundbreaking as every tard believes. The only reason non brainlets are holding is to DUMP right after cloud expo.

The sad part is, after the event, you're going to keep on holding your heavy, foul, stinky bags and continue to believe in this grandiose delusion that YOU OF ALL people deserve to be rich. Absolutely pathetic.

>> No.14136616

>>14136576
mmmmmmmmmmmmm, salty