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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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16585117 No.16585117 [Reply] [Original]

There is no dump. LINKies were moved to a wallet funding contracts just now. Your FUD does nothing to us.

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x27158157136384c713bc09a0a7ae81c8391d7f11

>> No.16585123

>>16585117
You know what funding means right? Someone has to pay the bills for the uptime, they're gonna get sold.

>> No.16585171

>>16585117
There's a lot going on in this wallet. It looks to be partly price feeds calls, partly salaries.

>> No.16585187

>>16585123
It's baffling right? I mean, saying at ICO they would use 30% of the total supply to "incentivise node operators", WHO COULD HAVE EXPECTED THEY WOULD USE 30% OF THE TOTAL SUPPLY TO INCENTIVISE NODE OPERATORS?!

Nobody is going to run a node if they're not rewarded, nobody would have been rewarded is there was no price feed.

This is the dealer giving out free cocaine to get people hooked so they come back for more. It's business 101.

>> No.16585359

>>16585171
The link goes absolutely everywhere. Team wallets makes sense. Perhaps wallets of other people they have dealt with. One wallet has 1.7m usd in monaco

Random transactions of 2-3 link going to various places which ends up nowhere ultimately as well. It's a rabbit warren

>> No.16585380
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16585380

>>16585117
>Chainlink: Aggregator
500K LITERALLY BEING AGGREGATED AND DUMPED RIGHT NOW AHAHAHAHAHAHA
TAKE THAT YOU FUCKING SPAMMING FAGGOTS AHAHAHAHAHAHAHAHAHAHAHAHA YOU DESERVE IT FOR KILLING /BIZ HAHAHAHAHAHA JUICEDDDD

>> No.16585422

>>16585380
This is correct as the node operators are likely selling link. It's an indirect dump every few minutes.
Sure it's great to see activity but what's incentive do people have people to buy link other than speculation?
We have 21 node operators dumping on us daily.

Unless we see users purchasing link to pay node operators we're going to keep dumping. I'm fairly sure the synthetix team and ampleforth have both recieved link from the team.

>> No.16585440

>>16585187

They were supposed to go to big bank and corporate node operators not high school shitcoin projects.

>> No.16585441

>>16585422
The projects currently involved in Chainlink's mainnet have every motivation to see Chainlink grow and do well.
This should be obvious, but of course you fudders will spin anything.

>indirect dump every few minutes
Jesus christ lmfao.

>> No.16585459

>>16585440
>computers are supposed to power massive corporations, governments, space exploration, ... and not my shitty brother's porn addiction

>> No.16585465

>>16585422
>I'm fairly sure the synthetix team and ampleforth have both recieved link from the team.
Literally the opposite. Syn is paying directly to CL for their feeds, since the coordinator isn't finished.

>> No.16585467

>>16585459

Did pornsites and shitty flash game sites get money for free from Microsoft and internet service providers?

>> No.16585470

>>16585441
It's been 6 months, the only users are the team who has made a few fancy price feeds and two literal who teams that received funds from the developer wallet.

The only network action occurring right now is dumping tokens. When will real use happen?

>> No.16585471

>>16585467
Individual users do get incentives from Microsoft all the time.
That includes porn addicts.

>> No.16585486
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16585486

>>16585459
Every time you corner a linkoid with the truth and reality, they always, ALWAYS come up with these kinds of bizarre false equivalences in forms of strawman arguments. The linkoid literally cannot think of anything else to respond with.

Can't expect much from people who were dumb enough to 'invest' in a fucking funding ERC token that can be printed again at any time.

>> No.16585509

>>16585470
>It's been 6 months, where r user???
6 months of nothing but ETH/USD.
No project has a use for this on its own.

The point was obviously to prove Chainlink can inherently provide flawless data integrity thanks to decentralization.
Unlike centralized oracles which shit the bed on a daily basis.

>> No.16585521

>>16585486
>you were cornered!
lmao
Chainlink working with small projects doesn't mean they aren't working with big projects.

Just like you finding a small rock doesn't mean big rocks don't exist.

>> No.16585528
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16585528

>>16585509
>The point was obviously to prove Chainlink can inherently provide flawless data integrity thanks to decentralization
>decentralizing data originating from a centralized source
>shoehorning a middleman for the sole purpose of JSON parsing

Do you even understand programming?

>> No.16585534

>>16585521
Chainlink isn't working with anyone.
>gravel coin
LMAO

>> No.16585538

>>16585509
I understand having decentralized price feeds or reliable off chain data being provided to smart contracts is better than a centralized solution. 6 months, over a hundred "users" but we have only two small teams using the platform.

Is this just a case of you can lead a horse to water but you can't make it drink?

Unless we see some real use in the near future link will be a dead project. Even Ari Jules has said he's disappointed over the lack of blockchain adoption.

You can have all the technology in the world, the perfect solution. But if people don't use it then it's pointless.

>> No.16585539

>>16585528
>decentralizing data originating from a centralized source
1) the current mainnet price feeds have various sources
2) the same "centralized sources" run the current world as it is, gj fudding that
3) oracles were never about decentralizing the data source

>> No.16585541

>>16585521

Do you have prove of them working with big companies.

Hard mode: no breadcrumbs, or referring to the 2017 Sibos pdf.

>> No.16585550

>>16585538
>6 months, over a hundred "users" but we have only two small teams using the platform.
6 months of nothing but ETH/USD.
Not one project has a use case that depends solely on this.

The point these past 6 months was simply to test data integrity in a mainnet setting.
And the result is zero failures.

Meaning whatever comes in the future, it has been proven that Chainlink is inherently capable of perfect data integrity.

>> No.16585554

>>16585534
>>16585541
Here's one example: https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud

>> No.16585565

>>16585554

Not this shit again. The ONLY example that’s always given.

>> No.16585573

>>16585565
>give me one example as proof
>NOOOOOOOOOOOOOOOOOOOOOOOOOOOO NOT THAT ONE!!!!

>> No.16585574

>>16585550
I agree, it's cool technology. But no one is using it. We need to see real use in the near future else this project will fade away.
We've been fed promises and breadcrumbs but there is very little tangible value. Where's the loaf of bread?

>> No.16585578

>>16585573

Ok give me some more examples then to prove your point?

>> No.16585583

>>16585574
>But no one is using it.
Because not one project has a use case that depends solely on the ETH/USD price feed.

The point these past 6 months was simply to test data integrity in a mainnet setting.
And the result is zero failures.

Meaning whatever comes in the future, it has been proven that Chainlink is inherently capable of perfect data integrity.

>> No.16585589

>>16585578
Google Cloud isn't proof?
Along with Swift, Google Cloud is arguably the biggest direct link to Chainlink, so anything else I post you'll just spin into fud.

>> No.16585591

>>16585578
Synthetix has been all about Chainlink recently. Same with Maker/DAO.

>> No.16585593

>>16585583
This is going circular and we're both saying the same thing here with a different spin. I agree fully with what you are saying.

What I want to see is tangible use, we do not have that right now. If there isn't tangible use by June/July next year link will be a dead project, a failed business.

>> No.16585599

>>16585593
>This is going circular
Because you keep bringing up the same point: no users at this time.

>tangible use, we do not have that right now
Because not one project has a use case that depends solely on the ETH/USD price feed.

The point these past 6 months was simply to test data integrity in a mainnet setting.
And the result is zero failures.

Meaning whatever comes in the future, it has been proven that Chainlink is inherently capable of perfect data integrity.

>> No.16585612

Link won't make you rich tomorrow. LINK WILL TAKE YEARS.

BE PATIENT!!!!!!!!!!!
GET A JOB!!!!!

>> No.16585622

>>16585599
So what is your opinion on when we will see real use or value in the network?

>> No.16585625

>>16585612
That's dependent on the economy. If everything stays equal, we can expect triple digit Link by 2021.

>> No.16585654

>>16585622
Who knows.
Mainnet could continue to grow slowly, or it could suddenly explode with pre-loaded user systems in place.

There's certainly a lot brewing behind the scenes, like those mainnet aggregators for GBP, JPY, gold, etc. that were removed after a few hours.
See >>16511163
All those links used to lead to those mainnet aggregators I mentioned, but then the next day they all led to the ETH/USD aggregator.

>> No.16585691

>>16585654

These things brewing behind the scenes you mention are from Synthetix, again a useless crypto start up rather than a banking powerhouse which actually makes money in the real world.

>> No.16585730

>>16585691
Banks don't pioneer shit in terms of new technologies, their backend is still largely COBOL.
They'll just see what works and outsource it like they do with everything else.

And there's no denying the world of finance is absolutely buzzing about smart contracts.

>> No.16585750

>>16585691
Also, don't forget about Chainlink working with Banco Santander at Devcon 5 just a few months ago.
There's all sorts of shit going on, but largely this applies: >>16585730

>> No.16585762

>>16585730
>>16585750

Fair enough, thanks for providing a quality answer which usually doesn’t happen with link moon boys. My only concern with Link is it will end up being limited to crypto projects in the future. I’ve always had faith in the tech side of the project, but my doubts with respect to real world adoption.

>> No.16585771

>>16585459
You won't last 5 minutes

>> No.16585773

>>16585762
>My only concern with Link is it will end up being limited to crypto projects in the future.
That makes sense because "smart contracts" basically mean the crypto-fication of traditional financial products.
Think "smart loans", "smart insurance", "smart derivatives", "smart bonds", ...

Btw, this "smart X" nomenclature is extremely catchy and appealing to normies, and it's also something major institutions like Swift, Axa, ISDA are actively using themselves.

>> No.16585795

>>16585762
In the not-so-distant future, crypto projects will be viewed the same as finance projects, because crypto solved the double-spend problem. Now, you can have digital money that can't be duplicated. The big bottleneck now is transaction scaling, and there are quite a number of projects and innovations homing in on breaking that bottleneck wide open.

>> No.16585821

Link won't make you rich today or tomorrow. Anybody with a shred of fucking foresight will understand that it will take years.

Be patient. Get a fucking job.

>> No.16585831

>>16585773
Good to see that biz still has knowledge. Without fud we only have an echo chamber.

>> No.16585929

im starting a project to copy link on bitcoin cash. copy and pasting from their github as we speak.

>> No.16585933
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16585933

>>16585117

>> No.16585989

>>16585929
thats theft bugman

>> No.16586561

>>16585528
>implying data will be from one centralized source

Do you even have a brain?

>> No.16586615
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16586615

>>16585929

>> No.16586627

>>16585821
Yes, roughly 2 years from now is when I will be rich