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/biz/ - Business & Finance

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24571897 No.24571897 [Reply] [Original]

Can any anons refute the chainlink dev dumps? If the team has sold millions of tokens into the market that would explain a lot

>> No.24571910

you need to prove them first

>> No.24572159
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24572159

>>24571910
Proven, okay now refute it.

>> No.24572175

>>24571897
you know how when you send funds to your Binance deposit address it gets sent directly to a Binance pooled wallet? That's not what's happening to the tokens Sergey is moving. Follow the token transfers. something else is going on

>> No.24572566

No one on /biz/ can explain how 45,509,556 LINK tokens were dumped on the market?

>> No.24572615

>>24572566
I'll explain!

Chainlink is a coordinated scam built by a dude who majored in theology and built a cult of personality around a json parser. Now that it's at a decent price, he/they are systematically selling off their stacks, notice how all the crusaders are gone?

>> No.24572668

>>24572615
this has been debunked many many times
sergey has a phd in philosophy

>> No.24572728

>>24572566
you're litterally sergay cuckboy workhorse if you hold this shit. What is there to explain?

It was hyped, people made a shitton of money. The token and the project is still utter shit and a moneygrab

>> No.24572819

>>24572728
FUDing phase is over, /biz/ has already accumulated. Why would we want to stop redditors from buying in at a high price?

>> No.24572835

>>24572819
>already
you do realise that we're in this shit from 2017 right?

>> No.24572923

>>24572835
I have no clue what you're trying to convey with that post. Retardation?

>> No.24572973

>>24572923
It's over it pumped, we sold, move on you're late for the party, you'll just be holding bags

>> No.24573231

>>24572973
My first buy was Dec 2017.

>> No.24573596

>>24573231
Glad to have an anon with experience in the thread. Can you shed light on the 45 million dumped tokens?

>> No.24573688

insider here, i'll stick around and answer a few questions. just brief background is that I know a guy at nintendo.

but in reference to OPs question, the chainlink network is incredibly expensive to develop and also maintain. just step back and think for a second what their network entails. designing data structures, prototyping, MVP (minimum viable product), deployment, all takes a serious pile of cash. and look at where we are at, we're at the deployment stage for a few things, but they are constantly in this cycle for ETH and other chains. but it all comes down to one basic thing

data. APIs. feeds. etc.

these cost money, at the root level to make a api "call" on chain for data. Chainlink is using REST, Google Finance/Maps, HTTP, Yahoo FInance, etc etc. there has to be upwards of three dozen plus premium apis (not that free cuck shit) that are being called upon, if not every second of the day to supply price feeds, or for testing, or even for products that you aren't aware of yet.

look at products like ramifi or synthix that are using or going to use CL for commodity price data between oil, stocks, etc. these will all be on the blockchain by EOY 2021

this isnt the old two man team jason parser big mac, these guys are going to be the google (data) of blockchain, where they are taking every good quality api they can buy and integrating it on any blockchain, ETH, BTC, etc. you're looking at a team thats just going to soak all the fuckin data up thats out there and feed it to any shitcoin on the planet, mirroring the real world feeds you don't even know exist but run every second of the day.

you don't even realize how many apis exist in the real world that make up our modern fintech shit, all of that costs so much fucking money and these fucks led by ari juels and the anointed front man sergey are gonna bring this shit to you, a decade in the making.

>> No.24574148

one last bump

>> No.24574316

>>24572973
Do you even know what a blockchain is?

>> No.24574622
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24574622

>>24571897
Im thinking how many people that replied to 777 get still have their linkies, im starting to feel alone.

>> No.24574806

>>24573688
Nice. I have 50k Links. Will I be a happy man within 2 years, in your opinion?

>> No.24574947

>>24574806
fuck you

>> No.24574985

>>24571897
>>24571910
>>24572159

OP, like many anons, is making a wild leap in assuming that the movements out of the dev wallet are dumps. You're not proving anything by pointing and screaming at outgoing transactions on etherscan. Have you tracked even a single one to a known exchange wallet? Seriously, show us proof that any of these movements is actually a sale. On the other hand, a while ago these movements were going to a lot off addresses labeled in Etherscan as known aggretators. Given this, there is more proof that these movements are network node subsidies than proof that these are sales.

Think about it this way: since mainnet, Smart Contract has only been allowing vetted entities to serve as nodes. It's understandable, as they'd want to build a trusted initial backbone to the network that can give it critical momentum in the right direction as they eventually open it up to KYC-free nodes run by anyone. This slowly builds a track record of the network behaving as advertised, and creates a majority of good-faith actors to make sure make sure that it's not total chaos when they allow anyone to become nodes. It's "training wheels." But what are the chances that all these vetted entities have the amount of LINK to have a majority say in the network? what are the chances that they have the millions of dollars necessary to collateralize inputs for the sorts of high-value contracts that SC says Chainlink will handle? It's very likely that Smart Contract is either subsidizing or rewarding early KYC node participants (or other unknown partners) with all this LINK in order to ensure that they--- as the trusted, vetted initial mass of the network--- will be able to stake an amount that will enable them to handle huge contracts right off the bat, and, in a sense, be able to have the most say in the network.

>> No.24575116

>>24574947
Why? I want to be wealthy. I had the foresight to feather my nest. Sometimes it's nice to be encouraged though. 'Fuck You' isn't what I was hoping to hear.

>> No.24575258

>>24571897
The whole point of holding chainlink is to endure the cuckoldry from the side of the devs who in return pump the price with speculatorial partnerships with literal who institutions.

>> No.24575308

>>24574316
Yeah, it's something that LINK doesn't have

>> No.24575313

>>24574622

checked. have faith.

>> No.24575361

>>24574985
You're right. If these were being dumped on the market, we'd see big price drops. They clearly are not being dumped. It really is just fud. Would be nice to have some sort of announcement before Xmas, but who cares, I'm DRNS all the way.