Why are they dumping 1,000,000 tokens a week?

[Anonymous No.25311940]

Does anyone actually know? The best answer I get is that it is to fund node operators, but has the team actually disclosed this anywhere? $12 million a week seems unreasonable for that anyway. Hands getting weak...help me bros.

[Anonymous No.25311980]

S A G E
A
G
E

[Anonymous No.25311982]

It's to get rich. 12 mil per week is ridiculous especially considering no one really uses chainlink right now.

The most simple explanation is that it's to get rich. The business of smartcontract.com is to hype up their worthless Link token and dump it on "investors".

[Anonymous No.25312017]

Honestly just close the app, wait until early feb then decide

[Anonymous No.25312018]

They’re doing what the SEC is going after Ripple for, investigation soon

[Anonymous No.25312023]

>>25311940
>didnt see the car that SN's dad drives.
SEC is coming for them next. Just harvest your profits and bet on other oracles like systems that didnt ICO and wont be SEC'd into last decade.

[Anonymous No.25312032]

SATOSHI BETRAYANO

[Anonymous No.25312048]

>>25312023
what post please

[Anonymous No.25312115]

>>25312048
saw images of him in lambo not long ago. Sold my coins after seeing it. maybe it wasn't even his dad, who knows, i dont. but you dont sell something you love, you hold it. He doesnt love the coin, its an exit scam. SN is an existential risk in any case. One drunk rant that touches the wrong subjects and link is over. I dont get that feeling with eth at all.

[Anonymous No.25312175]

>>25312115
I think I saw this, was it the twitter post where he honked at the camera man and said he was literally about to withdraw more for the fun of it

[Anonymous No.25312186]

>>25312115
i found the thread: >>/biz/thread/16609804

fuck this shit

[Anonymous No.25312190]

>>25312048
it's a long pasta. Search "vroom vroom" on warosu

[Anonymous No.25312300]

>>25312186
>>>/biz/thread/16609804
yeah thats what made me drop what little bags i had left after the $20 top out.

[Anonymous No.25312324]

>>25311940
to make chainlink network more decentralized

[Anonymous No.25312345]

OOOOOOOOOOOOOOOOOOOOOOO
ETH IS GOING TO THE BOTTOM BUT I HAVE ALREADY TAKEN BASE TOKENS
TIME TO FAST PUMP
/BIZ/ IS FIRED, NEW DADDY IS HEEERE

[Anonymous No.25312735]

>>25311940
el Sergey needs to eat

[Anonymous No.25313284]

Why did stinkers buy a token where the dev team holds 60% of the supply? I unironically do not understand. They're not under any obligation to not dump on you.

[Anonymous No.25313446]

You don't understand, anon, the dumping is BULLISH. The fud is bullish, the centralization is bullish, the 0 explanation is bullish, the lack of github commits is bullish, there is nothing about this coin which isn't bullish so make sure you tell all your friends on reddit to buy my bags at .025 ETH/LINK please so I can get my money back

[Anonymous No.25313663]

>>25311940
4d chess

[Anonymous No.25313822]

>>25311940
"Hey guise, I totally hold lots of LINK and just wanted to drop in to FUD and get others to sell. I'm definitely not a salty cRippletard"

[Anonymous No.25313894]

Probably because they’re hiring 50 people; 50 salaries of 200k combined with the 50 people they already have burns a lot of cash, add in equity etc to motivate the ten competent blockchain developers available to hire. Need to fund acquisitions like town crier, etc. need to fund the network.

But yeah WHEN FUCKING MOON SERGEY AAAAAAAAAAA STOMP DUMPING BIG MACS AAAAAAAAAA

[Anonymous No.25314114]

>>25313894
It's a scam my brother
I'm out on the next pump

[Anonymous No.25314275]

>>25313894

THIS! please dont fall for the FUD.
Also, Sergey was an early BTC enthousiast and previous cofounder of NXT. This guy already made it big time way before chainlink.

A little more transparency in the matter would be appreciated though.

[Anonymous No.25314596]

>>25313894
As someone who interviewed there I can tell you most of those jobs don’t pay anywhere near $200k. Maybe $100k average. A growing company really doesn’t need a lot of runway. For the entire team having like 3 years runway is way more than enough, that would be around $30MM maybe but they have sold more than $500MM in tokens. It really doesn’t make sense.

[Anonymous No.25315003]

>>25314596
Tell us more about the interview.

[Anonymous No.25315244]

>>25313894
This post is turbocharged cope. What a fucking joke.

[Anonymous No.25315286]

>>25314596
>years runway is way more than enough, that would be around $30MM
The ico unironically was capped at 32 million. What is happening here is liquidation to setup lifetime income for the scam.

[Anonymous No.25315293]

>>25315244
You had 2 years, incel.

[Anonymous No.25315325]

oh no no no no not again

[Anonymous No.25315420]

>>25315244
Where am I wrong?
>>25314596
Full load for a FTE is more than salary, healthcare, 401k, etc but yeah maybe a bit generous

[Anonymous No.25315790]

>>25311940
Turns out it costs money to bring about the 5th industrial revolution. Thanks for paying linkies.

[Anonymous No.25315933]

>>25312186
>>25312300
>May 23, 2016
Holy FUD

[Anonymous No.25316114]

>>25313446
Kek

[Anonymous No.25316170]

12M a week is barely enough for Sergey to gorge himself in hamburgers, porn stars and cocaine.
Buy more stinkers goy!

[Anonymous No.25316176]

>>25313894
>thinking CL employees make 200k
They don’t even pay any of their community managers.

[Anonymous No.25316213]

>>25316176
Imagine shilling this crap for free

[Anonymous No.25316241]

>>25315420
According to your numbers, 50 x 200k = 10M. That’s about two Sergey dumps. You would still need to explain the financial reasoning for all the others.

[Anonymous No.25316402]

Why do people complain when sergey sells some coins but nobody bats an eye when elon dumps?

[Anonymous No.25316426]

>>25316241
its so the tokens arent all controlled by the chainlink team you absolute fucking moron.

[Anonymous No.25316490]

>>25316402
because they are fudding link holders. everyone knows what they are selling for, because they have told us, multiple times. if anyone really doesn't know, then who gives a shit about them because they are new here

[Anonymous No.25316504]

This one from NXT marines.
I think LINK marines will buy the yacht.

[Anonymous No.25316628]

>>25316426
Then why don’t they explicitly say that?

[Anonymous No.25316737]

>>25315420
If you believe any company has to sell that much WEEKLY to fund paying employee salaries and business operations, it’s just as bad if not worse than the likely scenario of Sergey dumping on you.

That’s not sustainable or healthy retard. You fucking no nothing about business operation if you’re using hiring employees as a cope. You should be fucking frightened if that were the case. Anyone who isn’t a drooling retard knows you’re full of shit.

[Anonymous No.25316769]

>>25316737
>no
Know

[Anonymous No.25316801]

>>25311982

[Anonymous No.25316864]

>>25316737
Its one of the many issues driving their expenses, as I said, but hey you can’t even manage to use the right “know” so who exactly is the drooling retard?

[Anonymous No.25316988]

>>25316864
I’m on mobile and corrected it but of course you’d use it as your only defense for this obvious scam. It took the chink community manager over 2 years to even add her job title with LINK on her Twitter.

They aren’t paying anybody with these dumps and even so, that’s a bigger red flag than being dumped on. Imagine still trying to shill and gaslight Anons with this trash.

[Anonymous No.25317006]

>>25311940
>$12 million a week seems unreasonable for that anyway.
LINK oracles have to pay gas fees every time they retrieve data.
Every node is bleeding a lot of money just by running, unless subsidized.
Simply put, ETH was not ready for any sort of actual use and is going to kill every project that made the mistake of being ready for primetime too early.

[Anonymous No.25317021]

>>25316864
>one of the many issues driving their expenses
Like nobody paying to use their bullshit ass nodes and price feeds so they fund it themselves?

You admit they have “many issues driving their expenses”, so that’s sustainable or appealing to invest money in?

Gaslit shill faggot

[Anonymous No.25317055]

>>25316490
what then? source please

[Anonymous No.25317064]

>>25312115
Sold after seeing some guy in a lambo lol

[Anonymous No.25317075]

>>25311940
>why yes, I want to get my information from some NEET running an autistic node instead of a trusted company that I've had a partnership with for the last 20 years.

[Anonymous No.25317189]

>>25316864
Kys.

Class action lawsuit when?

[Anonymous No.25317200]

>>25317055
>i'm new
thanks for letting me know

[Anonymous No.25317229]

>>25316213
This is half of reddit's business model

[Anonymous No.25317272]

>>25317200
What kind of retard mindset is that? If you want your shit investment to actually crawl back to $20 you should be telling every newfag why they’re dumping and get them in.

That’s what you OGs did when the 750k dumps started back then. What’s changed? Why not silence all the “FUD” and post a source and potentially get more Anons into your cult since you believe it’s magically going to do another 20-30x after already being a top 10 coin that’s proving it can’t sustain its position.

[Anonymous No.25317273]

>>25316490
Tell me the reason and I will actually NEVER SELL

[Anonymous No.25317374]

>>25317075
KEK

[Anonymous No.25317395]

Because its a NWO token.

LINK, XRP, XLM, IOTA, ALGO are NWO tokens. So they will dump constantly to make you poor.

[Anonymous No.25317396]

>>25317200
i've been holding link since .75 cents you faggot

[Anonymous No.25317407]

>>25317075
Hmmm maybe because it’s decentralized, reliable and costs basically nothing for them?

[Anonymous No.25317448]

>>25314596
they are based in san francisco. minimum pay is 100-150k annually to sustain a life. with that, and the tech they have acquired(town crier, deco, arbitrum, etc), all the traveling around for events, etc, they are spending a lot of money.

[Anonymous No.25317519]

>>25317006
>Every node is bleeding a lot of money just by running, unless subsidized.
How is that any different than ripple paying moneygram or banks to "use" its technology? Paid partnerships, paid node operators.

[Anonymous No.25317572]

My guess is the funds are going to price feeds, to expenses, and buying another one of Aro Juel’s weird ideas. That jew is loaded with cash by now, OUR money.

[Anonymous No.25317575]

>>25317519
link is nurturing an ecosystem where the token is essential. these nodes are actually providing a service. xrp is literally just paying for a partnership where xrp isn't used or needed.

[Anonymous No.25317793]

>>25317006
How will it work without subsidizing? Can it even work then?

[Anonymous No.25317836]

>>25313894
>50 salaries of 200k combined with the 50 people they already have burns a lot of cash

They can pay for that with just ONE weekly dump per year. Two, if they want to give bonuses.

They will do this 52 times a year.

[Anonymous No.25317869]

>>25317448
Their entire team is distributed. Location of their "HQ" is totally meaningless.

[Anonymous No.25317888]

>>25317793
l2 solution
We're currently putting our hope in Arbitrum q1 2021

[Anonymous No.25317978]

>>25317888
Why do you think it will be released on Q1? There are almost no news / updates for arbitrum

[Anonymous No.25318007]

>>25312032
MY NAME IS SERGAY BETRAYOMAKI AND IM GONNA BE HOKAGA OF THE SHITTING COIN VILLAGE

[Anonymous No.25318041]

>>25317448

Most of the team work from their own location they don’t live in SF. Please don’t include salaries as an answer to Sergey’s dumps because salary expenses are negligible

[Anonymous No.25318092]

>>25317978
15:23

https://www.stitcher.com/show/base-layer/episode/base-layer-episode-195-tim-ogilvie-founder-at-staked-on-helping-to-create-the-fixed-income-of-digital-assets-80255899

[Anonymous No.25318095]

>>25317448
San Francisco address is an empty office building for lease same as the cayman address. Empty lot you can rent

[Anonymous No.25318113]

The most frustrating aspect is we get ZERO EXPLANATION for what they are doing with these funds. Telegram is a cult so they will ban you, reddit is a ghost town, and biz is full of trolls. Rory will tell you “refer to the blogpost”

[Anonymous No.25318134]

>>25317978
Some anon told me here on /biz/ a few weeks ago.
At any rate, Sirgay doesn't have the funds to support this equilibrium indefinitely. A solution will either be implemented in the next half a year or so, or LINK's dead, taking DeFi along for the ride.

[Anonymous No.25318177]

This all fucking fudshit is getting me soon. I am holder since -18. Is there any hope left to link or need i sell those? Dont even know what else could buy lol

[Anonymous No.25318365]

>>25318113
What I don't get is how a project like this mooned with entirely pure FUD for 3 years straight.

[Anonymous No.25318391]

>>25318365
Look at the bitconnect chart.

Chainlink is a ponzi scheme

[Anonymous No.25318422]

>>25317189
>>25318391
You had 2 years incel

[Anonymous No.25318425]

>>25317272
a bunch of people that are so disconnected from their investment that they don't even know the most basic information about it aren't going to pump link "20-30x" with their lunch money, it will do that on its own

[Anonymous No.25318483]

>>25311940
They are just cashing out to pay for SEC fine

[Anonymous No.25318488]

>>25318422
Average cost for me is 21 cents. Thanks for buying my bags

[Anonymous No.25318501]

My question is how can we as a group pressure these fucks in providing info about the usage of these dumps?

[Anonymous No.25318515]

>>25318365
The night is darkest before the dawn my friend. FUD is worst when hands are weakest.

[Anonymous No.25318527]

>>25318501
Report them to the sec

[Anonymous No.25318554]

>>25318501
You can't because dumping utility tokens doesn't need an explanation, so why are you asking? Wink wink

[Anonymous No.25318581]

>>25317395
do not mention that russian tax haven ponzi along with the top-tier american cryptobased- technology companies

[Anonymous No.25319150]

>>25311940
>50 open positions
>hiring top tier talent like the creator of proof of work and wrapped btc
>dozens of grants to implement all the agnostic chain integrations, etc
>sponsoring pajeet events just so they can cut down the mongoloid competition
>new york penthouses so they can mingle with jewish elites
that's why

[Anonymous No.25319351]

>>25319150

This costs 100 million +?

[Anonymous No.25319443]

>>25318113
>>25313894
smartcontract.com is not comparable to any company existing right now. Therefore also not comparable with other payrolls or funding strategies. It is privately held but at the same trying to build a not seen before staking network of node validators by utilizing the LINK token as the monetary intermediary.
this shit is literally not possible to gauge and comparable within traditional business „standards“. the regulatory and many other frameworks are not there yet.
i really cant understand anyone still complaining about radio silence regarding chainlink 3 years past ICO. As stated in the white paper:
>LINK Tokens are not securities, investments or currency,
and are not sold or marketed as such. Also: participating in the sale involves significant technological and systemic risks; the sale is not open to individuals who reside
in or are citizens of the United States or Canada. The sale period, duration, pricing,
and other provisions may change, as stated in the token sale terms. The LINK Token sale involves known and unknown risks, uncertainties, and other factors that may
cause the actual functionality, utility, or levels of use of LINK Tokens to be materially
different from any projected future results, use, functionality or utility expressed or
implied by SCCL in the terms.

They promise you shit. By buying LINK tokens you accept an insanely high not definable/ manageable risk level i.e. possible loss of total funds at any time for a potential case of widespread adoption of the product.
This was never meant to be bought by private individuals.
No sane, healthy adjusted person should willing to bear the risk level only VCs can allow themselves to bear with.

[Anonymous No.25319589]

>>25319351
1 Follows the wallets, they're not actually selling all of them, most of the funds lie dormant in transitory wallets, and a lot of the funds go to funding data feeds, etc.
2. What do you think salaries go for a cutting edge fintech SV startup, hiring top tier devops, security engineers, Harvard marketing, senior legal, etc talent with +5 years exp.? At least 1m a year, yes.
3. They also have to pay shit like audits, sponsoring events, grants (dozens of them), launched a full blown R&D division with also a dozen of top tier academics; pulled a couple of merger and acquisitions with TC and Deco,
4. Sell-offs go to a fiat treasury, even with belief in crypto, a startup needs liquidity to pay people and plan for its future, they're planning growth for the next decade

[Anonymous No.25319641]

>>25319589

Fair enough, thanks for your comments anon. I have my worries but at least one sensible comment finally after tons of retards yelling “fud”.

[Anonymous No.25319682]

Why wouldn't they??? They still have like 600 millions LINK to dump.

[Anonymous No.25319714]

>>25311940
post the addrr that is dumping
LARP

[Anonymous No.25319756]

>>25319641
I have some worries about some specific hires or grant allocations but not overall strategizing, it's still too early to tell how all the scaling up hires will play out but they're rolling out highly ambitious plans and if it goes successfully it should pay off big time.

[Anonymous No.25319778]

>>25319641
Sorry lad, but since the 700k dumps started in 2019 this has been discussed a thousand times. It just gets tiring.

[Anonymous No.25319915]

>>25319778
Just take a little naparoo then, young lady. You've certainly earned it.

[Anonymous No.25319928]

>>25318092
Doesn't say anything about Q1

[Anonymous No.25319951]

Cheers schwabies

[Anonymous No.25319969]

>>25311940
to buy exclusivity contracts at events so API3 doesnt show them up