The Reason for LINK Delays

[Anonymous No.55001799]

In Sirgay’s talk at Consensus he seemed to imply that Chainlink was waiting on TradFi to be ready before deploying CCIP etc.

Well I have some bad news, I can almost guarantee that TradFi (and maybe CL too) are waiting for a clearer regulatory picture from the US government. CL on the past has been very wary about not running afoul of any possible future regulation or policy. And I can tell you for damn sure Swift and the banks are not going to publicly implement something into their backend that could get nuked into oblivion by the SEC.

>tl;dr
No CCIP until the US gov provides more clarity around crypto regulation.
At least this is what I believe, I have no proof or insider info.

Thoughts?

[Anonymous No.55001852]

>>55001799
Although maybe I’m talking out my ass as they can probably deploy CCIP to DeFi applications without any regulatory clarity. But I’m not sure about that.
But either way I think I’m right about CLs involvement with TradFi

[Anonymous No.55001888]

If that were true, then CCIP will not be deployed any time soon. I'm thinking it might get released in 2028-2029. That would explain the horrible price action of LINK.

[Anonymous No.55001937]

I think it's also waiting for mETH to sober up or overdose. Whichever way the vitalik lies.

[Anonymous No.55001941]

>>55001888
Checked
Yeah I really do think this is a big part of the reason LINKs price has been ass. All the big players know nothin is happening any time soon. May even get replaced by the time regulations appear.

[Anonymous No.55002015]

>>55001799

youre a fucking idiot

[Anonymous No.55002020]

>>55001799
I think you're right. We're a decade away from CCIP desu. They're not rolling it out for these scamming fucking defi scumbags which is basically the entire market

[Anonymous No.55002078]

>>55001799
The WEF keeps saying 2030, just 7 more years goys!

[Anonymous No.55002094]

>>55002015
Please elaborate

[Anonymous No.55002098]

>>55001799
Actual insider here. I think this needs some clarification because Link marines have been waiting for so long now and have been extremely patient. I can't really tell you too much because Chainlink Labs employees actually lurk biz (and post here) so they might able to know who I am. There has been an unexpected temporary delay of CCIP due to the upgraded off-chain computation protocols (OCR 2.0) that had an unforeseen malfunction. However, the DONs seem to be fully online therefore the problem will be resolved quite rapidly.

In regards to SWIFT they actually seem to be keen on launching CCIP already by June. The main problem is that the network across EVM and non-EVM chains hasn't been fully tested to maximum capacity therefore releasing a product in such a short time would be quite a gamble for us. At this rate I can only tell you that CCIP will happen before november, that's a certainty.

Strap yourselves in
It’s actually happening

[Anonymous No.55002186]

>>55002098
Thanks for sharing. I don't doubt they're delivering CCIP some way this year but everything else you said is basically flavor text that doesn't actually mean anything.

Post some better insider shit, like does Sergey really keep farting in the dev room?

[Anonymous No.55002223]

This correlates with something Bob said about Chainlink asking them to code regulatory compliance directly into smart contracts

[Anonymous No.55002257]

>>55001799
Seems likely that CCIP and LINK infrastructure can’t be used till regulations are absolutely clear.

Doesn’t mean CCIP won’t get rolling this year with Synthetix or Aave.

[Anonymous No.55002403]

>>55002257
Yeah after writing the OP I thought about it. I agree there’s nothing that I can think of that’s stopping them from deploying into DeFi. So hopefully we still see that this year

[Anonymous No.55002947]

>>55002098
Will this actually help the price though? We're so tired. First arbitrum was supposed to add a zero, then staking...

[Anonymous No.55002965]

>>55002094
Do you know what CCIP is?

[Anonymous No.55003232]

>>55001799
We’re so fucked, we will be missing another 8 or 9 years of our lives, missing loves, missing opportunities, all because we’re broke. We will become even more stunted, chain link was meant to free us from Jewish slavery and let us have families, now we will all just be 30 year old virgins.

[Anonymous No.55003266]

>>55003232
We wasted our youths waiting on chainlink.

[Anonymous No.55003318]

>>55003232
It's by design, yeah you'll have riches in ten years but all valuable property will be bought up by then.

[Anonymous No.55003330]

>>55002098
Why the fuck do I actually believe this larp.

[Anonymous No.55003441]

>>55003318
I wish I never found link back in 2018, since then it’s just been delusions after delusions, I literally have wasted my life waiting for it to begin, I didn’t get a job, I didn’t get qualifications, I didn’t get females, my parents hate me, I’m so so so so fucked, when I bought link I was 19, I’m twenty fucking four now with nothing to show for it, lately been doing DoorDash to get by but it’s dying out as well, I can’t fathom the hell in store for me in the next 5 years, Amazon warehouses and cry boxes are in my future if they can’t figure out how to pump the fucking price.

[Anonymous No.55003477]

>>55002947
>>55003232
>>55003266
>we
lel don't invest what you can't afford to lose
i could hold my way into the pearly gates
saint peter himself could not part me from my stinkies

[Anonymous No.55003479]

>>55003441
I’m going to have to start selling 50 links a week like a company to keep life operating costs paid, I didn’t want to do this, especially so late in the timeline, but if I don’t start selling small amounts every week I will surely go broke and lose my car.

[Anonymous No.55003502]

>>55003479
sell your car retard

[Anonymous No.55003526]

>>55003502
If I don’t have a car I can’t work, you can’t sell a car your paying on, and even if I could sell my car my grandma will kick me to the streets if I get rid of it, I either wageslave or go homeless.

[Anonymous No.55003553]

>>55003526
sounds like you're not a smart boi
having all this going on and then deciding to trust internet strangers telling you it's going to pump when the actual devs are telling you that trust is dead

[Anonymous No.55003594]

>>55003553
If you weren’t around in 2018 you won’t get it, link was shilled as a sure shot, and the next ETH, it was all hype and bullshit. We we’re young and hopeful back then, we believed it could do an ETH, now looking back you are right, we were stupid for trusting the words, 1000 dollars end of year.

[Anonymous No.55003606]

>>55003594
It's not easy being a young lady and it was never supposed to be.

[Anonymous No.55003623]

Link sucks man. Just don't buy it. Say no to link.

[Anonymous No.55003624]

>>55001799
nastyslob really is a subhuman incel

[Anonymous No.55003635]

>>55003606
Shit the fuck up, you are complicit in this as well, I’ll bet you you were here spamming 1k eoy constantly deluding young people into holding this worthless shit, and worse yet, I bet you also told those people to stake, and now they can’t even sell if they wanted too.

[Anonymous No.55003654]

>>55002257
>Thinks the world is going to let global finance run on a premined shit token
The cult of Sergay is wild.

[Anonymous No.55003690]

>>55003635
This is just your demon talking. I forgive your insolence. Now say Christ is Lord.

[Anonymous No.55003723]

>>55001941
May even get replaced by the time regulations appear.

This is exactly what is going to happen... everything has a finite lifespan and Chainlink's clock has already been ticking for 5+ years which is a long time in the tech world. I no longer believe that Chainlink has a first mover advantage, traffic will bankroll there own solutions as needed, nothing Chainlink offers is technically difficult to develop... especially considering the deep pockets of tradefi.

[Anonymous No.55003725]

>>55003690
No, fuck your abrahamic god, and as soon as link hits some sort of adult value and staking unlocks, I’m going to begin selling the rewards and I’m going to begin liquidating my holdings not staked, I just want to sell this worthless shit for a profit, I’m not in it for the tech, I’m not in it for the future, I’m in it because I want to escape my insane family and live on my own, and I can’t do that till I start selling.

[Anonymous No.55003814]

>>55003723
*tradfi

[Anonymous No.55004622]

>>55003266
this
our 20s... gone.

[Anonymous No.55004641]

>>55003814
no, u were right the first time
tradefi

[Anonymous No.55005624]

>>55002098
>this larp is now copypasta

[Anonymous No.55005855]

>>55001799
>imply that Chainlink was waiting on TradFi to be ready before deploying CCIP etc.
And why would this be necessary exactly?

[Anonymous No.55006054]

>>55001799
>>55001852
>>55001888
>>55001941
>>55002020
>>55002078
>>55002947
>>55003232
>>55003266
>>55003318
>>55003441
>>55003479
>>55003526
>>55003594
>>55003623
>>55003624
>>55003635
>>55003654
>>55003723
>>55003725
Listen uh.... sorry... but...
Im just not gonna sell

[Anonymous No.55006065]

this thread is mostly just 1 guy talking to himself
lol

[Anonymous No.55006096]

I was going ro sell but have changed my mind

[Anonymous No.55006114]

>>55006096
I really need some cash.

[Anonymous No.55006142]

>>55006065
Thats pretty much all fud threads now
Just the same angry retard obviously samefagging in the hopes that someone sells before they move onto the next thread
Rinse repeat 20 times a day
A subhuman effort compared to 2018 fud

[Anonymous No.55006197]

>>55005855
Well it can be deployed in the DeFi space no problem, but if it ever wants to connect to legacy systems which is where the money is desu they will need TradFi to be good to go too

[Anonymous No.55006212]

>>55006142
This is not a fud thread, I have 7k link staked. Just wanted to discuss the possibilities. I think it makes sense

[Anonymous No.55006217]

>>55006142
ngl i kekd at "ccip not until 28-29"

[Anonymous No.55006409]

>>55003725
Shut the fuck up. Say Christ is Lord.

[Anonymous No.55006668]

>>55001799
>he thinks the US government and Chainlink Labs are two different things
>he fell for the multinational tech enterprises start in some dweebs garage meme
Just hold and close your eyes bros, all of this was figured out years ago.

[Anonymous No.55006674]

I long for the days of Nico posting.

[Anonymous No.55006707]

>>55006674
giwtwm

[Anonymous No.55007471]

>>55003723
Bro this is the most sensitive bitch ass shill rhetoric I’ve seen on biz. You’re a hoe lmao

[Anonymous No.55007607]

>>55001799
There's already regulatory clarity.
The CFTC is an official government body, and it officially deems crypto in general to be commodities.

Pic is the CFTC saying as much in court, that's as official as it gets.

[Anonymous No.55008119]

why would he announce it then if there as so much uncertainty? the situation wasn't any different in 2022

[Anonymous No.55009513]

>>55003479
Just like Sergey was selling $50m worth of LINK during the actual bullrun and suppressing the price of LINK.
Although you probably wouldn't have sold the $100-200 LINK anyway since you buy into /biz/ memes are are destined to be the bagholder who enables Chad's exit liquidity so he can add another 50 roasties to his harem.

[Anonymous No.55009558]

>>55009513
>Just like Sergey was selling $50m worth of LINK
*per week
Forgot the important part.

[Anonymous No.55009571]

>>55009513
>Sergey was selling $50m worth of LINK during the actual bullrun and suppressing the price of LINK.
Fantom, Solana, Matic, ... sold a whole lot more than Sergey during that time, and they wiped the floor with the rest of the market.

[Anonymous No.55009677]

>>55001799
you are a retard if you think the sec can touch anything that swift operates
you understand that domestic regulatory agencies have no say over international financial plumbing nor do they make the rules for that
which is also completely ignoring that everything and everyone in swift is about as inner circle as it gets, before anyone there even dares to utter a word it has been vetted with all relevant actors and then gets handed down as the new standard, you silyl goose anon, swift sets the standard for the sec to operate in not the other way

which is even completely besides the point that sergey was handpicked from the very start by swift and as such his solution is above downstream regulatory capture, like the other anon said you really still believe the lie that nobodies in their garage just suddenly luck into billion/trillion dollar companies

[Anonymous No.55009811]

>>55009571
Assuming that's actually true, that's because those are L1s that had real demand during a bull run where eth gas was out of fucking control.
Also I'm skeptical that those teams were selling as much as link did with the 1.5m LINK per week. It's possible though.
Maybe if Sergey held back a bit and actually let it pump during the 2nd half of the bull run people might have been cool with buying back in. I would have considered buying hoping for a blow off top if it wasn't much a meme where every time LINK got back up over $30 people would post the etherscan every fucking week of those team tokens going out relentlessly.
Maybe Solana and shit did dump more, I don't really know. I wouldn't be shocked. But it wasn't a meme where no one wanted to touch LINK with a 100 foot pole since even if the price did go to $100 you could set your watch to 1.5m LINK(or even more some weeks iirc) coming out. And since there was no restraint, 1.5m at $100 would have been a hilariously excessive $150m per week since they didn't scale back to let the price breathe or anything or even bother timing bigger unlocks with huge hype cycles to offset things as most projects do.
No, Chainlink is "above" all of that and is too cool to care about price.
I would have loved to buy back in for a huge ATH pump when the bull market peaked back then.
You guys unironically could have used me for exit liquidity and even if I fucked up and bought the top of a new ATH that's the way it goes sometimes.
People were buying SOL up to $250 because it had hype. Even now I'd 100% rather buy SOL and FTM since SOL has a big community that can possibly hype it, and FTM as Andre who is a god at creating hype.
LINK works fine and doesn't really need to pump to survive at this point. It's a mature project that provides needed infra and has penetrated the market. The team is comfy indefinitely selling.
Maybe they wake up one day and start giving a shit or something though, who knows.

[Anonymous No.55009830]

>>55009811
>Assuming that's actually true, that's because those are L1s that had real demand during a bull run where eth gas was out of fucking control.
*real speculative demand
but still demand
LINK has real demand as a utility token. But who wants to buy it for the speculative purpose?
It works fine at these prices.

[Anonymous No.55009857]

>>55009811
They sold more than Sergey did (see pic), and yet they were some of the absolute top performers in terms of price.
Whatever happened to suppress Link's price, it wasn't Sergey.

[Anonymous No.55009870]

>>55009811
>The team is comfy indefinitely selling
>indefinitely
that word doesnt mean what you think it means, over 50% of total supply is already in circulation, sergeys ability to dump decreases in relative size

[Anonymous No.55009913]

>>55003723
>nothing Chainlink offers is technically difficult to develop.
I almost believed you until you said this

[Anonymous No.55009927]

>>55001799
It's over, Chainlink is now seen as a scam by everyone
https://twitter.com/TimMarkets/status/1659153607378325504

[Anonymous No.55010123]

>>55001941
I've already sold off and bought CTSI and ORE.

[Anonymous No.55010133]

>>55009857
I wouldn't be completely shocked if those three did actually manage to sell more dollar wise.
Somehow though LINK became a meme of it's own and the poster child for team dumps.
Whereas during the bull run there was another half-joking but often reflected in the charts of other coins about "bullish unlocks". Why exactly, hard to say. But possibly because people would short before the big unlocks, and combined with some good timing from marketing teams about hyping up demand alongside people closing those shorts things would often go suprisingly smooth.
But LINK was just relentless week after week memes about being dumped on and people obviously don't like that. Even if it wasn't justified compared to some other coins.
>>55009870
I mean effectively indefinite on any timescale a buyer is going to be concerned with. Like a couple of years or whatever. I don't know what their schedule is like but I'd imagine they're planning on selling for a few years still.
>>55009927
wew
Say what you will about this specific person and whether he's right or not, but this is exactly what 99% of people are going to think. And until this problem gets solved I can't justify buying back in post May 2021 dump because I remember watching it break $30 at least 3 separate times that I was watching hoping to find a coin that was going to make an ATH high run like so many were. But it got dumped back down every time.
Maybe that was mostly /biz/ cashing out after being scared during May?

[Anonymous No.55010146]

>>55010133
>ATH high
So I could cash out at the ATM machine after

[Anonymous No.55010304]

>>55009927
>they weren't on the caymans
>they did not pick up their SF lines
kek is this true?

[Anonymous No.55010423]

>>55009927
This guy's like a slightly dumber but slightly funnier Tim Heighdecker; both of them are idiots.

[Anonymous No.55010496]

>>55010133
>LINK was just relentless week after week memes about being dumped on and people obviously don't like that. Even if it wasn't justified compared to some other coins.
exactly.
It's pretty obvious Chainlink has been the target of a massive stock bashing scheme for many years now, far beyond the usual scope of crypto fud.

[Anonymous No.55010610]

>>55002186
Where else is he going to fart?
Rory put locks on his door and the hr ladies made Rory put a keyed entry to the woman’s bathroom because they were sick of Sergey saying his feminine farts needed to go to the bathroom that best suited their demeanor.
It was actually really toxic.
The farts, and the environment.

[Anonymous No.55010631]

>>55010496
how so? the vast majority believe that the entire crypto market is a giant scam, chainlink is not an exception to this
I mean look at pic related, how can someone defend this cringe shit in good faith?

[Anonymous No.55010709]

>>55010133
The reason LINK was so bad is because the team deliberately ensured that they wouldn't create any demand for the token. They went radio silent for years, they purposefully said they were anti-hype, they failed to deliver features in a reasonable amount of time, and then they still went ahead and dumped 1.5m tokens per week over and over and over. Their actions are directly responsible for the underperformance of LINK since they purposefully strangled demand while rapidly inflating supply, even though they were told this was a bad course of action. Now look where we are, struggling to get any interest outside of /biz/ because Chainlink shot themselves heavily in the foot.
Compare this to other projects that also rapidly increased supply, but also generated significant demand. Those projects outperformed LINK by magnitudes, and many of them continue to sit above LINK in marketcap. These projects continue to get tens of thousands of interactions on a daily basis, Chainlink barely manages 100 views on a video.
Blame Chainlink, blame Sergey, blame Adelyn, blame ChainlinkGod, they all fucked up massively and the evidence is clear to see.

[Anonymous No.55011702]

>>55010631
implying pic related is a problem in any way, obviously ict guys would be into gaming when they were young, it came together with the inate affinity with pcs
even his taste of strategy games is pretty decent, now compare that to that matrix oracle twitter fag now thats a pure plebeian taste

>>55010133
supremely low iq take, the way how ratios work sergeys ability to dump start to decrease exponentially after the 50% mark is passed, the amount of time he can dump is completely irrelevant compared to the impact of the dumps on float, learn basic stuff before acting retarded son

[Anonymous No.55011739]

>>55010709
>barely manages 100 views on a video
lol at low tier fud, good thing yt views dont matter as a project metric then do they
i miss the days of finely crafted fud, it really shows just how low iq the current outfit is

[Anonymous No.55011772]

>>55001799
While LINK is slacking, others like SpoolFi are working on institutional grade DeFi which will be out soon

[Anonymous No.55011858]

>>55010146

[Anonymous No.55011871]

>>55001799
>What is Mica
>Us commitee has been tasked toncopy Mica
>EU entities are ready from a legal POV to do tx
>Smartcon is in Barcelona(Europe) this year

Man im gonna be so rich

[Anonymous No.55011926]

>>55009513
>>55009558
>>55009811
>>55009830
>>55009927
>>55010133
>>55010146
>>55010631
>>55010709
>>55011772
Wow they're really upset today
Just dropping by to mention yet again that the fud spam just isnt working out... Im just not gonna sell
Sorry

[Anonymous No.55011931]

>>55009677
CHECKED

[Anonymous No.55012050]

Didn’t read, not selling

[Anonymous No.55012747]

>>55011772
Institutional grade DeFi will be DeFi at its best especially now that regulations are rolling in

[Anonymous No.55012990]

>>55009677
Fuck, that’s actually an intelligent observation.

Rare biz take