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/biz/ - Business & Finance

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23121512 No.23121512 [Reply] [Original]

>team owns 70% of the total supply
>team dumps large amounts of their tokens regularly
They’re just using this thing to make themselves rich and leave us poor. How is that not a scam?

>> No.23121526

>>23121512
Yes sirs it's a scam sirs.
Never forget
>2 man dev team
>1 philosophy major

>> No.23121538

why are you still fudding retard, buy

>> No.23121609

>>23121538
Can’t you answer the question?

>> No.23121636

>>23121512
It wouldn't be a scam if they actually delivered something, but it's starting to look really bad.

>> No.23121671

>>23121538

cope

>> No.23121703

>>23121512
At the time of writing, Link is up 40% in last 3 months, and 155% in the last 6 months.
How is this a scam?

>> No.23121714

>>23121609
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. Happy gambling though anons.

>> No.23121763

>>23121512
The biz relationship with link is over for this exact reason. Keep some if you must take a profit and move on. We can’t let them be like this and we still support them.

>> No.23121781

the chainlink team is Sergey and maybe 5 other dudes? do they even program beyond altering a few erc20 parameters 3 years ago? i mean why would they, when they can just dump 600k every fortnight and stay ballin on the low.

how are 6 nobodies gonna create an interoperable oracle that if anything goes wrong with false data being fed in (which will happen) will lose people billions.

>> No.23121794

>>23121671
2 years

>> No.23121815

These threads are funny as fuck to anybody who has an idea what they're talking about. Link is the comfiest hold in the world and always has been. Stay poor.

>> No.23121822

>>23121815
said the great chainlink expert

>> No.23121825

They are selling for food!

>> No.23121828

>>23121714
Can you switch to a newer copypasta next time you try to FUD? It is getting boring.

>> No.23121838

>>23121714

Enjoy going into the office to sign papers then, boomer. Will just esign my shit while sitting in shitistan. Oh wait, I don’t have to esign anymore cuz it’s Automatic and trustless.

>> No.23121840

>>23121822
Said the person who was here for 2 years and did the research and isn't a fucking pajeet scammer or stupid newfag from plebbit.
As I said: Stay poor.

>> No.23121847
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23121847

>>23121781
Erm, anon.....
Pic related

>> No.23121855
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23121855

>>23121838
See you bitches at the beach.

>> No.23121877
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23121877

>>23121512
Oldfag fud is back! Something is happening bros!

>> No.23121882

I have hundreds of thousands in link and I find these threads funny as fuck

>> No.23121886

>>23121636
What are you expecting to be delivered ? Pizza ? They are making announcements pretty much weekly

>> No.23121888

>>23121877
High 5!

>> No.23121955

Thanks, just sold 100k

>> No.23121956

>>23121847
Based.

>> No.23121957

>>23121512
link is the greatest iq test extant today. if you swing successfully you win. everyone else is midwit or below

>> No.23122012

>>23121886
>What are you expecting to be delivered ?
Staking, reputation, order matching, threshold signatures, trusted enclaves, ...
You know, all the things mentioned in the 2017 white paper.

>They are making announcements pretty much weekly
None of which related to actual progress away from the basic price feed mainnet we've had since May 2019.

>> No.23122026

>>23121609
Who do you think pays for the price feeds?

>> No.23122032

>>23121636
Hahahahahhha retard

>> No.23122042

>>23121847
>thinking job listings are some sort of proof.
anon, i don't even know anymore.

>> No.23122080

>>23122042
It's good that you doubt yourself. Maybe you'll make it.

>> No.23122133

>>23121828
>>23121838
The absolute state of nu-/biz/

>> No.23122134
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23122134

>>23122080
>4 people

>> No.23122223

>>23121847
barely 5 programmers if that.

lol "talent acquisition expert"

>> No.23122256

>>23122223
Why you spending your time fudding Link? Come on, we all know you bag hold. No one spends their time on something they're not interested in. Poor show, mate.

>> No.23122348

>>23121512
Old crypto would instantly tell premine niggers to fuck off.

>> No.23122375
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23122375

>>23121877
>>23121888

Checked.

Oldest Link meme on my phone right here

>> No.23122387
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23122387

>>23121512

>> No.23122525

>>23121512
The team is not dumping their coins, they are de-risking their investment.

>> No.23122526

>>23121512
Why are you so butt hurt? You think the team developing the god protocol should do it for free?

>> No.23122551

>>23122526
Do what for free?
Promise a ton of features and never deliver?

>> No.23122552

>>23121512
Because theyre hiring 30 people and need to pay salaries and opex

>> No.23122686
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23122686

>70% of total supply

>> No.23122695

>>23121847
The fact they are this desperate for employees and still have so many vacancies only proves how much‘ve a failure ChainLink is

Nobody wants to work with them
They are losers

Sell

>> No.23122706

>>23122695
Everybody wants to work with them. The problem is there's nothing to work with other than price feeds.

>> No.23123418
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23123418

You guys are so fucking stupid. Go buy your shitty scams like you always do.

2 years?! NOTHING when it comes to creating a company, business, whatever. But you tranny incels wouldn't know. Glhf with your forked scam tokens, I'm currently buying your link. The more you dump, the more I buy. And yes, I also bought in 2017, 2018 and 2019.

>> No.23123678

>>23121882
You must be rich as fuck if you think losing money is fun.

>> No.23123713

>>23122552
Show me the 30 people, I can only see 4

>> No.23123716

>>23123678
You couldn't let your shitty thread die, could you?

>> No.23123737

>>23121714
He’s right.
It’s the old “no one ever got fired for buying IBM”, which is now “no one ever got fired for buying Microsoft” and one day will be “no one ever got fired for using chainlink”.
Of course what this phrase is all about is the rot of sinking way too much money and effort into the stale status quo because the normies in charge just know the name, don’t understand the tech, are risk adverse to better solutions. Effectively they are on autopilot as the sociopaths and losers exit the organizational pyramid leaving the ever growing clueless in charge of the whole shambling corpse.

>> No.23123771

>>23123737
Now that's more like it KEK.

>> No.23124013

this just happens becuase competitors are introducing cool Oracles. Like PowerPool one