/biz/ - Business & Finance

they are hiding
they have already won
staking v1 etc will add collateral to other feeds and services. ccip will get a staking allocation for example
the big question is when we start seeing them actually use the token, rather than just dumping tokens (about 1.7m LINK a year from treasury to pay for community pool staking)
but of course even without that much usage the price should be a lot higher right now on speculation

>>58108494
It's quite literally Google's hiding strategy.
Nobody knew how profitable Google was until at one point they just put the numbers on the table and pretty much shocked the world.
That's exactly what's going on with Chainlink as well. Even Zachary has no idea exactly what kind of figures they're making, he has to piece it together from a handful of anecdotal testimonials.

>>58108494
SCALE is a whole number percentage of an entire L2s token cap and chainlink will have that finger in every single pie due to the fact that, as that guy said, builders won’t come to an L2 that doesn’t have chainlink.
Consider for a moment the possibility that the “chainlink bad at money” fudders are absolute bottom tier retards with insanely high time preference and no emotional regulation.

>>58108625
consider that eth fags were minted within two years, we are going on seven. just the EEA was enough, shame linkies don't benefit from the same speculative premium

>>58108659
$1 ETH buyers who sold the top, maybe. $10 ETH buyers saw a 100x, which LINKies have seen too, before they crashed back to $80.
Not that this argument even makes sense considering how utterly futile and self defeating it is to seethe about a separate group of people that bought in when global hype was orders of magnitudes smaller than during the Chainlink ICO.
2016 was worlds apart to 2017.

>>58108714
>global hype was orders of magnitudes smaller than during the Chainlink ICO
Massive speculative pumps have happened after the Chainlink ICO though.
Just look at what Solana, BNB, even fucking Quant have done in the past four-ish years when Link languished.
Hell, Litecoin AND Bitcoin started a big fat pump on fake news of Walmart adoption.

Link's performance after mid-2020 makes no sense compared to the speculation going on in the rest of crypto.

>Chainlink labs is a successful company
>Chainlink network has cool tech
>Chainlink token has zero demand outside of marines

Years of blowjobs from Zach talking about economics 2.0 and how you will be rich will not make you rich. All you will get is your jizz on ChainlinkGod’s beard.

>>58108798
>other random shit has outperformed LINK
yeah no shit we haven't been the #1 investment across every timescale at every point in time.
What sort of retarded standard is that to hold yourself to? It's like toddler logic.
>If I'm not holding the #1 performing asset at all times then im absolutely miserable!

>>58108494
chainlink labs is making bank
this doesn't translate to price increase for the token so it's meaningless for holders, especially because price feed usage is free and scale of usage doesn't mean anything for token demand
this point is never addressed by chuddies on this forum, other than "well muh staking will change things"

>>58108805
>muh fundamentals

>>58108818
>we haven't been the #1 investment across every timescale at every point in time
Going on four years, bro.
If you think Link's price action makes any sense whatsoever compared to the entire rest of crypto, then you're clinically deranged.

>>58108826
>chainlink labs is making bank
>this doesn't translate to price increase for the token
CLL is making bank through massive adoption. The same thing pumps any other crypto, but not Link.

>>58108836
>The same thing pumps any other crypto, but not Link.
yes, unironically, as we have witnessed
there is no onchain mechanism in the price feed contracts that would increase token demand like there is for vrf, data stream and ccip router

>>58108578
The token dump bs really is just that. It's fud. Look at the price action on recent releases (picrel) and see vid for Grayscale discussion about it. The tokens are not being dumped on the open market.
https://twitter.com/Grayscale/status/1770565615763492905

>>58108933
I still can't for the life of me understand why tf grayscale would release that video. What was the aim?

>>58108494
It's the hiding strategy. Chainlink is just another google. Just a order of magnitude more influential. Ten years from now Chainlink will be the biggest network in the world. In twenty years it will be impossible for people to imagine a world not powered by chainlink enabled smart contracts.

The paper promises paradigm will be replaced by the cryptographic guarantee paradigm. The money will have a fixed supply, financial agreements will be mathematically enforced in such a way that anything other than honest action is not game theoretically viable.

>>58108826
>this doesn't translate to price increase for the token
Token is l literally not needed and the price of it is irrelevant. They pay in dollar valuations, not link. In fact the link token actually is detrimental to the system. As L2s can't buy in advance because token price isn't stable. And real prices for service are given in dollars

>>58109029
OK. Do you hold any LINK, then?

Serious question.

If they don't pay in Link, then what is the token used for?

>>58109040
No I solded above 100k Satoshi previous cycle

>>58109049
They used it to fund their business. It was a money grab. Just like all these other tokens printed out of thin air

>>58109051
OK but you still like to come into link threads and talk about the token. Is that because you're thinking of buying back in?

>>58109058
>They used it to fund their business. It was a money grab. Just like all these other tokens printed out of thin air
Are you serious? I got into crypto a year and a half ago and have 300 links. I understand how fundamental is the project, specially for the tokenization everybody is talking about, but if your words are true, why creating a token? I need more transparency.

>>58109067
Nah I will never buy this scam again. I just come in threads to spread the truth : token not needed

>>58109077
>? I got into crypto a year and a half ago and
I'm in since 2017. "ICO" is just a money grab scam / fundraiser. Sergey printed 1 billion tokens and gave himself 650million tokens. That's all you need to know

>>58108920
>there is no onchain mechanism in the price feed contracts that would increase token demand
No crypto has this though.

>>58108933
Fuck you. Post what LINK started doing before the very first dump. Disingenuous fucking cunt.

>>58109079
Seems kind of weird that you're still obsessed with a token that you sold. Why is it so important to you? I sold Jibrel Network a few years ago and have never thought about it again.
Why is Chainlink still very important in your mind?

>>58109100
I hate Sergey and his scam. Also a lot of link posts threads on /biz/ are automated bot posts. Similar to the /xmr/ general first few posts are scripts. Link has bot posts too and had had it since the bear of 2019.

To this question >>58109049 I received this answer >>58109058

Is this true or not? Is the chainlink token just a way to fund a start up?

>>58109119
So you feel so emotional about Chainlink in particular that you spend your time replying to bots.
What about Chainlink is so different and special to make you so emotional about it?

>>58109130
> Emotional
I'm not emotional. I'm tired of seeing chainlink threads since 2017. Fuck off with your token not needed scam

>>58109151
So your way of dealing with the fact you don't want to hear about Chainlink any more is by going into Chainlink threads and posting lots of times instead of just filtering Chainlink threads?

>>58109122
The token is used to pay node operators in the network. You ideally want a separate currency siloed from other market conditions for this purpose. It'd be a problem if they allow payments in USD and then something happens to the US and it hyperinflates. Or BTC crashes due to geopolitical interference. That being said, Chainlink is offering users to pay in other currencies, but they'll be upcharged 10% and whatever they pay in will be converted to Link anyway.

>>58109215
*alternative payment options are for CCIP.

>>58109151
>I'm not emotional
t. author of 20% of this thread’s post count

>>58109171
Yes. I post token not needed

>>58109077
Read the whitepaper

>>58109446
Expanding on that, see what the current proposed slashing punishment is, and now scale that with what a company should fear economically so they don't want to get slashed

Im calling bullshit on this Jason Yanowitz guy. What is he, a podcaster? Let’s hear someone in the actual business say they’re paying CL

Secondly, can I redeem my tokens for shares in Chainlink Labs? If they are doing le hiding strategy I want to own stock before they IPO and cash out big. We won’t see any actual financials until they are a public company at which point they’re required to release quarterly.

>>58109058
>>58109087
>>58109215
>>58109219
>>58109507
>>58108836
>>58108826
>>58109029
>>58109051
>>58109079
>>58109119
>>58109151
>>58109392
Why do some people come here and spend so much time criticizing a token they don't even own? It's genuinely puzzling. Think about it: you have to sit at your computer and deliberately take time out of your day to negatively comment on discussions about a token you once invested in but no longer care about. If you were genuinely over it, you'd move on, find a new investment, get involved in that community, and just go about your day. Personally, I'd rather spend my time on my own hobbies than revisit and waste time on something I've moved past, pretending to care about others' financial situations. Why are you even here? It's gotten to the point where your presence defies all logic. The only logical explanations seem to be that you're either being paid, you've lost your mind, or you're a bot. What's the fuck is wrong with you? Do you realize you've spent 30 minutes of your day shitposting about an investment you don't even have a stake in anymore? Who fucking does that? It's seriously weird.

>>58109550

>>58109754
It's just a /biz/ thing. Nobody talks about it on reddit or twitter X. Even NEO has more developers and is discussed more often than chainlink.

>>58109097
You ok bro?

>>58108798
It makes perfect sense, link is one of the only project where the team owns 65% of the supply and cashed out literally several billion dollars. The team stole your gains (and will keep doing it).

>>58109806
Other projects are dumping a LOT more token supply.
You've been told this a million times already.

>>58109811
No, they are not. Projects like avax have token unlocks or staking rewards going to different people, and not necessarily sold, simply unlocked. Chainlink has 65% of the supply unlocked in Sergey's wallet already, when the circulating supply increases, it's because he market dumps in binance.

It's a completely different situation and you can't understand it that's why you haven't made a cent in crypto in 4 years. You have the IQ of an ape.

Chainlink team has dumped billions of dollars worth of Chainlink, and they still have 50%+ of the supply to dump. They have dumped more in dollar term than the ETH foundation, solana foundation and avax foundation combined. Now do you understand why you havent made a single cent in 4 full years? It all went to sergey. You got conned retard.

>>58109869
>not necessarily sold, simply unlocked
Same with Link.
Nodes, partners, employees, ... have been getting paid from the unlocks for five years now.

>>58109877
>Same with Link
That's a lie. The Chainlink supply is sitting unlocked in Sergey's wallet. And he dumps on binance any time he wants with 0 transparency. That's unlike literally any other project in the top 20. The team has sold billions of dollars. They sold more than any other project in crypto except maybe XRP.

You are a delusional retard, that's why you've made 0 profit in 4 years while we all got rich. You're literary a cuckhold.

What looks very fishy is the amount of developers chainlink has. Even less than NEO. That is not a good sign.

>>58109926
>The Chainlink supply is sitting unlocked in Sergey's wallet.
They only enter circulation when they leave the wallet. Which is something anyone can observe.

>The team has sold billions of dollars.
>sold
You mean "unlocked".
And half the top 20 has unlocked way more.

>>58109926
>The Chainlink supply is sitting unlocked in Sergey's wallet
So what you’re saying is inflation has been zero after the ICO in 2017, the day on which the tokens were minted.
Got it

>>58109941

>>58108944
It is quite odd, don't forget they tweeted this recently too.

>>58110272
Satanic

They are counting in tens or hundreds of millions and you are fighting over your million dollar goal to buy a house in the middle of nowhere kek.

>>58108625
>chainlink bad at money” fudders
faggot we are mad that they do everything in their fucking power to remove value from the token. Which is fucking retarded considering everyone who bought the token last seen years kept the price up so they could sell

>>58110411
>remove value from the token
Gotta love how the mind of a child works.

>>58110640
what happens when you increase the supply on an asset on the market from selling? What happens to your community morale when you are making tens of millions yearly in fiat(you're a crypto company) while the token which is supposed to go up in value continues to crater

>>58110716
>what happens when you increase the supply on an asset
You pump?

>>58110761
>17.44

>>58110716
>what happens when you increase the supply on an asset on the market from selling?
Ask Grayscale:
https://twitter.com/Grayscale/status/1770565615763492905

>>58110716
You're still traumatized from last cycle's crash but it's time to move on. You have to learn to accept your own culpability in what happened and finally become a grown up.

>>58110780
What about Solana and Avalanche, who increased supply a lot more than Chainlink?

>>58110800
im over that. i get more pissed reading perma bulls that only bought the price in the last year.
>>58110802
Those two things have a whole economic system/incentive to buy the token. create other tokens and projects to use on the ecosystem. Chainlink has done the complete opposite of that with walled off gardens. All while making money in fiat terms from L2's while having advocates shame the community for being upset about price action.

>>58110839
>Those two things have a whole economic system/incentive to buy the token.
Both are over 95% subsidized chains, so no.

>>58110868
you're a bot

>>58110896
Look it up, fat boi.

>>58110839
>perma bulls that only bought the price in the last year.
do you think you are making sense, ESL shitter? perma bulls bought for .25c

>>58110839
>i get more pissed reading perma bulls that only bought the price in the last year.
Can you break this down for us? Why would this piss you off?

>>58110899
>>58110899
>>58110904
i know im right because im getting so many (you) lmao.
haev you cucks working overtime

>>58110918
>im right
ah to be a child again

>>58108944
they literally told us that institutions receive the millions of tokens and the price is being hold steady
we were called schizos even last year for this informations
the link switch will happen over night, I'm not memeing
is it this year, the next one or 2026? who knows though

LINK is XRP 2.0
it's astonishing, and I wouldn't even think that was a possibility back in 2018, yet here we are

>>58111080
Link with XRP's MC would be $60 right now.

>>58111080
At least half of biz seem to think link is the biggest cuck coin, narrowly beating out XRP

https://strawpoll.com/6QnMObrRlZe/results

>op posts interesting bread
>first 3 replies are interesting and on topic
>fuddies quickly identify the offensive thread and are here within minutes to derail any more discussion of the OP

>>58109926
>>58109869
>>58109806
the "dumps" are so central to the fudnigger narratives, and they just ignore the fact that they're making assumption on top of assumption when arguing for it. the state of the fud for LINK is actually one of the most bullish narratives imo. they scream at the top of their lungs that they have nothing except (admittedly) completely baffling price action of the token. but i'm not a high-time-preference nigger, so oh well. i'll just be content with my ~35x at this point and see if i can't make it into 3500x in several more years.

>>58110918
fucking kek, what a brutal self-own

>>58109097
It's amazing and idk why it works, but the more you swear, the more you convince me.

>>58111575
Really makes you think doesn't it? They are do absolutely everything in their power to stop people from buying and get those who hold the token to sell. I guess in 15 years the world will be dominated by autistic link NEETS.

https://www.grayscale.com/research/reports/supply-matters-a-closer-look-at-crypto-sector-supply-dynamics

>>58108618
the crazy thing is that this is only the beggining.

singularity is the only meme that has not happened yet..

>>58111804
Theres nothing bullish about the price action

>>58112157
Biz doesnt move the market, you are delusional

Will we breach the ATH this year?

>>58112336
Yes we’re going to $57 before the crash

>>58108494
>interviewer asks "chainlink god" if he grew his beard out to look like sergey
>straight face says "no im not dressing like this because of sergey"
>literally copied his look to a tee
kek fuck off CLG.

>>58108949
jeeesh you people are delusional

>>58112583
this midwit just sits and types 'delusional' on every link thread and thinks it really worries us.
if it wasn't for the captcha i'd swear this was a bot but the reality is way sadder than a bot lol

>>58108818
Bro it had a higher price two cycles ago, shut the fuck up defending this utter scam

>>58109550
STOP ASKING QUESTIONS

>>58109926
>we got rich
Lmao you didn't do shit, brown animal

>>58110802
All the work goes into the network instead of chainlink labs coffers u idiot braindead retard. You got conned by a fat russian. Simple as.

>>58112626
no i think link is great and i'm a bagholder, i just don't buy your gay fanfic that chainlink is google 2.0

>>58110802
They actually got gas fees and an EXPLORER. Go fuck yourself CLL advocate shill

>>58110640
If the fud was powerless, why are you here refuting it all? Oh thats right, ur precious token has a direct result on your runway and institutional deals. So yeah, the criticism will continue. Inorganic CLL shill

>>58108578
>staking v1
literally not even in the works as Ari himself admitted

>>58109029
This is a retarded reasoning that the futures markets solved literally 200 years ago

>>58108625
>let’s put all our eggs into crappy crypto apps paying up
>oh wow crypto does well and the fees go higher
Berry cool, totally not singular risk and bigly financial brained (it’s not)

>>58112999
Kys faggot every day at least 30 fud threads are archived because people just ignore your brainrotting fud. Every single day your flood this place with the same tired shit. The good and actual discussion took place long before you ever bought the top and seethed all the way down.

Pool is closed. We won.

>>58110272
Tungsten cube meme is one from last bull run and not link related at all desu
google it if you wish

>>58112860
>All the work goes into the network
What the fuck are you even saying?
Solana and Avalanche's inflation is pure subsidies for validators, who dump all the extra supply at will.

>>58112966
>They actually got gas fees
Gas fees are negligible because of the immense subsidization through inflation.

>>58108659
>we are going on seven
Brutal. Even funnier when random coins have 10x all over the place and link isnt at $100 yet.

>>58108494
oracles is a lowkey based narrative. This is why I don't sleep on the new ones particularly Supra and Pyth.

>>58109877
Wouldn't they just be getting wages, subsidized by the dumps from Sergey?

Genuinely just curious

>>58113393
Those threads were the shit back in the day.

>>58109926
kek the delusion of fudniggers
post folio/address