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/biz/ - Business & Finance

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25191271 No.25191271 [Reply] [Original]

>link is now tethered to XRP movements

what did Sergey mean by that?

>> No.25191284

im die

>> No.25192325

>>25191271
>>25191284
Ripple:
Sold XRP tokens to sustain business operations and enrich founders.
Paid for partners with profit from token sales to encourage more token sales
Subsidized partners with token sales so they’d continue using XRP
Office in the USA
Massive supply owned by founding team and company

Chainlink:
Sold LINK tokens in an ICO to US investors to fund business operations
Sells LINK periodically to fund business operations and enrich founders
Subsidizes chainlink network and partners through token sales
Token has no function aside from raising capital for founders and company
Offices in USA
Company and founders hold massive supply

Defi:
Top 4 defi protocols do not use Chainlink oracles. (Compound, Uniswap, Sushiswap, Makerdao) clearly not critical infrastructure.

If you think that LINK is not fucked your head is in your ass. LINK is EXACTLY like XRP.