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/biz/ - Business & Finance

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15039876 No.15039876 [Reply] [Original]

What makes LINK so special?
I'm actually curious, I have money to spend and am willing to invest in it - but why?
>DYOR
I have, and it seems promising, but 10$/coin promising? I'm not really sure. I've read the whitepaper and understand the underlying concepts but I just can't see it ever going above ATH.
Again I would like to be wrong, convince me to buy it.

>> No.15039880

>>15039876
its a scam

>> No.15039898

>>15039880
I don't think so. The dumps were no surprise as apparently that was the plan since 2017. I don't think it's an exit scam, I just don't see it ever getting too high is all.

>> No.15039965

>>15039880
>google
>Oracle
>coinbase
>multiple articles from reputable media
>it’s a scam
This fud needs to stop

>> No.15039993

>>15039898
Nah, it’s a scam.

>> No.15039994

>>15039965
anon I...

google dogs.com

and you will know what will happen to chainlink

>> No.15040001

the memetic energy
that's literally it man
take the redpill on will=reality

>> No.15040006

>>15039876
its a scam stay away, they are selling off their last tokens as we speak

>> No.15040026

>>15039993
>>15040006
I wanted actual discussion, not just durrr scam. Give reasons, ACTUAL reasons. I have not seen one piece of evidence of a malicious scam.

>> No.15040084

>>15039876
Sirs pls buy link. Google and Oracle are partners. $1000 eoy

>> No.15040088

>>15040026
go in the archives then

>> No.15040114

>>15040088
I have. Archived discussion is good but it's not about the current state of LINK - and all discussion on the board of late has been relatively lackluster.

>> No.15040124

>>15039876
>>15039898
>>15040026
Why the hell wouldn't it go past the ATH. Give me one fucking reason that this should be capped at $5 fucking dollars?

Do you realize Link stuck at $5 would actually cripple the network right. How the fuck is a collateral token with a marketcap of 5 billion supposed to work with ISDA and the 1.2 quadrillion global derivatives market? And that is just ONE of their clientel. They are also working with insurance and a million other companies. 1 billion tokens at $5 is just not enough collateral to be available. Token price has to rise so that less tokens can be used to cover the collateral for each job.

>> No.15040129

>>15040088

There is no evidence. Not in the archives. Not anywhere. Quite the contrary actually.

>> No.15040145

>>15040026
cause every crypto is a scam to part you from your sats, which in turn is a trick to part you from your dollars

>> No.15040161

>>15039876
its in its own name LINK. Connecting two things together. Go DYOR cause the majority of time youll get dumb shit fud

>> No.15040182

>>15040161
I have, like I said it seems promising (I'm waiting a little longer to buy in though) but 10$ just seemed a little extreme.

>> No.15040189

>>15040124
>Token price has to rise so that less tokens can be used to cover the collateral for each job.
so what happens when the token falls after this rise when all you neets dump for profit on the 'big players' now using this tech, the thought you stinkies fap each night to?
>they wont enter until the price is stabilized so as to not lose any $
then who will pump your bags

>> No.15040238

>>15040182
$10 is a low estimate in my opinion. Why are you stuck on $10? The markets that the team is going after move trillions of dollars. The insurance market alone could push this past $10. I think $30 should be your starting point, and it could honestly blow past that.

>> No.15040245

>>15039876
>What makes LINK so special?
Literally nothing. RLC also does "muh oracles" and even better because it doesn't require KYC nodes and the team doesn't hold 60% of the entire supply.

Retards here will find out why these 2 things matter a lot very soon. =0

>> No.15040246

>>15040189
>the thought you stinkies fap each night to?
We fap to the thought of NOT FUCKING SELLING faggot.

I'm serious. Why the fuck would you sell and cuck yourself out of a seriously good passive income source for life? What are you gonna do with all the fiat money you cashed out? Store the value in boomer stocks, try to get dividends, buy Bitcoin? Fucking kek. Literally best, most safest and most profitable option is to just keep the Link. Only cash out tiny amounts for whatever you need. Anyone with 1k Link will be a millionaire when this reaches 1keoy, and will be earning minimum 60k a year passive income. Most oldfag Linkies have over 10k though, so we will be earning 600k a year. Who the fuck needs to sell when you earn 600k a year doing nothing.

If you think Link wont reach 1k by at least 2025 you are absolutely delusional as well.

>> No.15040249

>>15040238
>The markets that the team is going after move trillions of dollars.
Not going to lie, I believe the team is competent, but the markets they're going after are very sink or swim and it seems like a lofty goal, even for people who know what they are doing.

>> No.15040265

>>15040182
Youll understand if you DYOR or lurk moar. an oldfag new to /biz/ can pickup all he needs to know about chainlink and how huge it is. if you dont trust what you see do research.

>> No.15040282

>>15040249
You've got it the wrong way. They want Chainlink.

Sergey is just catering to them, he's building them a product. Why do you think SWIFT was already involved BEFORE the fucking ICO. This was never a random fucking startup that got lucky.

>>15040245
Sergey's clients want KYC. ISDA is not going to trust an anonymous neetnode unless they have a metric fuckton of collateral at stake.

>> No.15040286

>>15040265
>an oldfag new to /biz/ can pickup all he needs to know about chainlink and how huge it is.
yeah i've picked up on how huge it is on here. /biz/'s board culture is pretty easy to pick up on. That doesn't necessarily translate to the real world, though.

>> No.15040302

>>15040286
It does if you just lurk read through what is posted the breadcrumbs its quite easy.

>> No.15040309

>>15040249
But you're ignoring the fact that what they're doing will lead to the creation of entirely new markets. Insurance companies love being able to sell new things. Why wouldn't they sell something like "flight insurance" etc... if people are gullible enough to buy it? Why not let a decentralized oracle network handle the entire thing for you so that your company is just collecting money while doing absolutely nothing new with almost no risk whatsoever?

>> No.15040313

>>15040246
the point is if your token is designed to be priced in the thousands for it to be used, and it starts at trading at cents on the dollar, it will be volatile as fuck until a stabilization is reached, meaning either speculation on the price becomes more important than what the tech does (ie only used for PnD) or no serious business is gonna ever touch this shit for fear of buying too high. Nobody is gonna cause this massive pump you hope for simply because the major players are not stupid and they are not counting on you 'NOT FUCKING SELLING'

>> No.15040405

I miss 2017 link threads, these nulinker threads are the fucking worst

>> No.15040417

>>15040313
You can't sell if you've got your Link locked up in a node retard. And if your Link is in a node, you are getting profits. So you are incentivized to keep your Link in the node for as long as possible. And those profits you are getting are in the form of Link tokens too. So whoever is putting data through the Oracle into a smart contract also has to buy Link to pay node operators. So basically the supply will start drying up real fast, the price will become non speculative as people stop swinging and taking profits, and it will stabilize because of this, and it will stabilize into a constant uptrend because of the constant upwards pressure of Link being bought to pay for jobs. The only selling will be node operators selling a few hundred stinkers here and there every few weeks.

Trust me anon, this shit was discussed to death over a year ago in way more detail than I am here. Go check the archive if you want some real big brained insights on how this will work.

>> No.15040454

>>15040417
so why cant they tie link 1:1 to USD like a sort of tether, let the collateral be in dollars and just print more as demand rises? why does it need a cap on supply? because its a sort of ponzi, even if the tech works and is used

>> No.15040513

>>15039876
What is the TPS? How is it faster or better than Nano or XRP? Linkies never answer.

>> No.15040534

>>15040454
>why isn't the token centralized?

Not to mention Tether is illegal in the US and Link is targeting several massive US industries. Don't think copying Tether's model with some minor differences would change it's legality either.

>>15040513
No one cares what the TPS is, I don't think Link even has a TPS as it's not a fucking currency retard.

>> No.15040557

>>15040454
there is a supply cap so that it's not inflationary, the protocol can't be build with a USD stablecoin because that would require trust in the fiat system, imagine if data was collateralized with gold, why would someone do that though when they could just use a native trustless deflationary token

>> No.15040576

>>15040513
>he thinks the market cares about TPS
Explain why nano or xrp aren’t worth more than bitcoin?

Also, google “Threshold Signatures in Chainlink”

>> No.15040592

>>15040534
No TPS? Not a currency? How exactly is it a cryptoCURRENCY then? Deluded linky

>> No.15040598

>>15040576
that doesn't have to do with TPS but with gas fees, which threshold sigs will make miniscule

>> No.15040609

>>15040534
>>15040557
so you're both saying, since supply is capped and demand will only increase this will go up forever and ever. Well this has a use case at least so its more believable than btc going up forever.
There is also the possibility that this all sounds good on paper, so that you buy, and they're taking all your hard earned money for an ez pz life. Consider it

>> No.15040610

>>15040592
Chainlink is literally not a cryptocurrency though. I've said this at least 100 times in 100 threads over the last 2 years. When will you fags get it.

>> No.15040623
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15040623

chainlink is a cult not an investment

t. stinky linky who will gladly hold to $0

>> No.15040636

>>15040610
what makes a cryptocurrency then, rewards for participating in consensus protocols?

>> No.15040649

>>15040610
Heh just playin mate. I'm bored.

>> No.15040651

>>15040598
Which is the important part...

>> No.15040686

>>15040417
You’re fighting the good fight here, but honestly, none of us who got in below $.30 should be trying to convince these nulinkers to fucking buy.

>> No.15040705

>>15040417
I'm starting to understand more.
Thanks for the explanation anon.
Would you recommend waiting a little longer before buying, still?

>> No.15040716
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15040716

>>15040623
YOU GOD DAMN RIGHT.
NEVER FUCKING SELLING

>> No.15040717

>>15039994
>google facebook.com

im sure sergey has been offered multiple buyouts. he's sitting on a now 1.5bil business that has the market cornered while just starting out. he'd have to be a moron or just ready to retire if he sold. neither of those seem to be the case

>> No.15040735

>>15040717
Sergalicious is a frontman you ignoranus. He couldn't sell and bail even if he wanted to.

>> No.15040768

>>15040705
Buy now, if it dips more buy later too duh

>> No.15040822

>>15039876
Bitcoin does nothing, literally nothing, and is worth 10K. If you don't understand why link is worth more than $10, then you shouldn't buy it.

>> No.15040836

>>15040822
BTC transfers value over the internet without the need for a middleman to prevent double spends

>> No.15040838

>>15040636
It's crypto, but not a currency.

>>15040686
I was spoonfed in 2017 and early 2018. Then I FUDed in late 2018. Then started feeling guilty when a breadcrumbs fag insulted me and called me out. So now I spoonfeed newfags if they ask, to at least give them an opportunity like I was given.

>>15040705
I don't know anon. I hope we are at the bottom. I bought more today. I'd start DCA'ing in if I were you. If it dips more tomorrow just buy more, Trufflecon starts on Friday and Link is attending so I don't think we will stay low for long. IMO either today or tomorrow will be the bottom, I think by Thursday the rumor will start to get bought. I could be wrong though. I noticed after Oracle they dumped and let us slump afterwards for a day before inciting the pump. Who knows when whales and market makers are playing accumulating games.

>> No.15040905

>15040838
>I was spoonfed in 2017 and early 2018. Then I FUDed in late 2018. Then started feeling guilty when a breadcrumbs fag insulted me and called me out. So now I spoonfeed newfags if they ask, to at least give them an opportunity like I was given.
keep it up anon

>> No.15041006

>>15040838
volume is looking bullish, falling wedges are nearing consolidation, google support still hasn't been decisively broken, a move will happen in the next 3 days

>> No.15041073

>>15040245
> Anyone who matters cares about KYC

How heavy are those RLC bags of yours?

>> No.15041090
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15041090

>>15040735

>> No.15041156

>>15040026
we've been discussing it for 2 years now, we also don't give a shit if you buy or not, so either go do your own research if you want to make money (instead of asking to be spoonfed) or go buy kneepads.
Also since you seem like a newfag, they mean warosu by the archives, not the button archive on 4chan... there you can just start researching all link threads since 2017 and you'll be spoonfed by anons who did the research 2 years ago.

>> No.15041189

>>15041156
>they mean warosu by the archives
yes I know. I'm new to /biz/, not 4chan
>DYOR
called it. people always say this shit even after you've done research. literally fuck off

>> No.15041199
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15041199

>>15041156
No, you have been making memes for two years.

Stand and deliver or sell and fuck off back to where we don't talk about. Nobody wants to buy a project made of only bag holders

>> No.15041223

>>15041156
>>15041189
i think you guys are in agreement, hug now

>> No.15041898

>>15040838
Based and Leadership pilled

>> No.15042756

Necro bump

>> No.15043083

>Restocked my LINK stack at 3.2
Why did it have to fall so much

>> No.15043450

>>15040705
Heres an easy explanation for every nulinker currently browsing this board

You understand how bitcoin operates? The more nodes the network has, the more secure the network becomes through computational power?
Now take that concept and apply it to the field of finance when it comes to collateral or insurance. If an oracle can dictate the execution of a contract, then a level of security is needed from the oracle in the form of capital to further ensure the contract from executing incorrectly. If by example Bitcoin's network is made secure through computational power, the chainlink network is made secure by the amount of money put forward to cover the cost of contracts.

You understand how a dividend works? You are entitled to x% of a company's profit depending on how much the company earns in a quarterly period? This concept applies to Chainlink in a similar fashion, except the capital you put forward into the network, in the form of the LINK token, entitles you to a certain % of profits that the network generates.

This is the first wave of truly useful utility tokens. I'm not talking about fancy gimmick utility tokens that act as a chuck E Cheese tokens that you can play a dice game with, Im talking about TRUE utility tokens that provides a FINANCIAL NETWORK with a level of utility(SECURITY) that it needs to properly operate. You yourself profit off of it directly without the need of any third party. You directly put your money into the network, and the network directly pays you back your rightful share.

Imagine if Cisco held its IPO with a financial token that offered a level of utility in its network, instead of some proprietary stock. How exciting would that have been?
Well, here it is. The new future of finance. Think abstract. Think big. We are looking at a epochal shift in trust itself, as a human concept. We are looking at the automation of financial technology through decentralized organizations. Do you want to believe?

>> No.15043673

>>15040636
it would be considered a cryptoasset. not currency. no one is going to be using Chainlink to buy a street taco.

>> No.15043784

>>15040609
I've considered it. and I'm willing to take that risk. there are 0 investments that are risk free. the reward/risk ratio of Chainlink outweighs any other investments you can currently make in any market available.