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

/biz/ - Business & Finance

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25671482 No.25671482 [Reply] [Original]

Why? Its simple. Sergey and the team still have a shitload of LINK tokens.
This project has been mostly completed for a long time, its pretty obvious. The problem is that the price outran the project timeline. If staking were to release now, the price per LINK would skyrocket. What happens to the dev wallets then? Do they sell off literal trillions of dollars? They cant burn those tokens, because that risks getting them classified as a security. Its well known that much of the supply is set aside to be literally given away to institutions so they can run their own node and use the network at no cost. What happens when LINK is hundreds of dollars per token? Is Sergey going to just give these companies multimillion dollar stacks?

>> No.25671538

>>25671482
Meanwhile ADA is about to soar to another galaxy with all the shit it's releasing and 5% APY staking

>> No.25671632

>>25671482
>LINK
>Worth Hundreds of dollars

>> No.25671631

>>25671482
This is the reason for the sell offs from the dev wallet. They need to get rid of these tokens before the price goes apeshit. A very high token price causes multiple issues with building the network and staying compliant with government regulations. For this reason, the biweekly dumps will continue, and will likely get larger. Sergey WANTS a lower price right now. There will be no major features released until the dev wallet is nearly empty. Im not saying sell, im not saying buy. I am telling you that this journey is FAR from over, and you need to be prepared for the long road ahead.

>> No.25671660

>>25671538
Shill your shitcoin in your containment threads. Nobody gives a shit.

>> No.25671703

>>25671632
Its 100% guaranteed. After the dev wallets are depleted to nearly nothing. Is not going to happen this year though, probably not next year either.

>> No.25671790

What all of this means is, you want a lower token price. This is why LINK gets fudded. The lower the price, the sooner these features are released. The nodes require payment, and Sergey cant sell all of it at once. The lower the dollar value, the faster staking is released and we all make it. This is why you fud the normies.