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/biz/ - Business & Finance


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50392486 No.50392486 [Reply] [Original]

Nulinkers who don't know Chainlink history should read this... 4chan were fudding it hard 4 years ago. They encouraged Bulgarian internet cafe dwellers to short it (will bring you out of poverty etc) and the price will dump 10x.

The Bulgarians shorted, the price dumped, and then they saw a massive pump occurring on Binance. They asked 4chan for advice. A 4chan poster told them that if they all wrote more fud the dump would stop. They created a report of fud and it kept pumping. This caused a lot of animosity between the two groups.
The Bulgarian holders got pissed at the 4chan guys. Lots of racist remarks followed. The Bulgarians vowed to get revenge by using the same playbook. This might explain the recent fudding.

>> No.50392498

Was originally about south east asians and its from early 2018

>> No.50394101

>>50392486
nail salon
conference across hall from bathroom
assassination contracts
toastertec & bi v.s. ari and Sergey

But all anyone really needs to know is Blythe feet, to know that it is real and we are going to $1k EOY

>> No.50395911
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50395911

>> No.50396139

>>50394101
>digital asset Blythe Masters
>Ass Bl aster
>assblaster

Mastered Autonomous Ultra Schizo

>> No.50396160

>>50392486
If you think link is cool wait until you hear about this coin enabling seamless customized oraclization through smart contract NATIVE HTTPS REQUESTS HOLY SHIT. IF YOU KNOW YOU KNOW

>> No.50396161

>>50394101
two man devteam
Jason Parser & Chad O'Forke
Binance Hot wallet drain
Pegged to a cup of Coffee
Rory's wife's son

>> No.50396357
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50396357

>>50396161

>> No.50396482
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50396482

>>50392486
>flawlessly queries an oracle live on stage
heh nothing personel kid

>> No.50396529
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50396529

>>50396161
Sergey seen in thailand
You cant make 31m without making some enemies

>> No.50396531

bring back country flags. thanks

>> No.50397484

>>50395911
BIGGER,I DEMAND IT.

>> No.50398636

>>50396160
Not buying ICY PISS

>> No.50400379

>>50396161
Pixelzone
Sean rutledge
Snickers bars
Adelyn's dictionary

>> No.50400398

My favorite is where anon is getting kicked out of his mother's house and he's offering to pay rent in Link to any kind anons

>> No.50400432

my favourite is when LINK sociopaths convinced retards into holding LINK from $55 to $5

>> No.50400515

>>50400432
I actually bought at 47$. Chess mate

>> No.50401285

shadow fork

>> No.50401493
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50401493

>pregnant sergey muslim man
>the long one about sergey giving his dad a tour and yelling at rory
>the one about sergey screaming nigger kike jews and adelyn cheering him up
>sandwich fucker
>the one about sergey getting bored during an auschwitz tour
>adelyn spelling bee

>> No.50401503

>>50400379
Why did Sean Rutledge become known again? I remember /biz/ talked about him for a couple of days, and I made a meme about him, and then he said nig or something and got cancelled, but I can't remember what the actual story was. Can anyone remind me of the Rutledge saga?

>> No.50401646
File: 364 KB, 604x604, sergey smoking.png [View same] [iqdb] [saucenao] [google]
50401646

>so I looked over, and it was god damned Jason Parser

>> No.50401737

>>50394101
I know it was her but can you explain why $1k? I got the ratio body analysis pic somewhere on my phone.

>> No.50401838

>>50401503
he tried to share some larp breadcrumbs and accidentally self doxed which resulted in some lulz to which he responded something like "i'm never helping you off brand niggers again. stay poor, stay un-pottytrained" which was of course spammed on his public facing social media by /biz/. im not going to look for it but the picture of a guy in a jaguar's ballcap that gets posted every once in a while is sean rutledge.

>> No.50401854

>>50401838
Yeah I remember his face. Oh yeah that's right it was a shitty larp and /biz/ went after him. Thanks anon, feels like 20 years ago.

>> No.50401981

>>50400398
Yes this one.

>> No.50402111
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50402111

bumping nostalgic thread

>> No.50402143

>>50402111
will they switch the fucking flip this year? Making no money and need a 30$ link to be comfy again.

>> No.50402178
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50402178

>>50402143
i wish i knew

>> No.50402650

>>50395911
Where the fuck is this dude these days? Hell, where the fuck has he been for years now?

>> No.50403359

>>50402143

yes

>> No.50404173

im a bonifide newfag that learned of LINK in early 2021 and hit the archives and became overwhelmingly bullish on this kooky ERC-20 token that I bought all the way up and down $50 to now. Not stopping, dun care. Feels bad to be raped. One day we shall rape though (in a good way). Averaging down is my life now.

>> No.50404876

>>50404173
>Averaging down is my life now.
Yep, me too. What've you managed to get it to so far? Mine was $30 in Feb this year. I've managed to get it down to $8. Got just under 3k Linkies...

>> No.50404937

>>50404876
im jealous man, my average is still around $20.

>> No.50404942

>>50404876
>>50404937
someone tell me this is bait

>> No.50404970

sergey bought his dad a lambo

>> No.50405018

>>50404937
I lucked out because I didn't fully believe in the hype for Link last year so I didn't buy too much when it was so expensive. It has cost me a lot to DCA down though. The last 1.5 years taught me to always leave a lot of spare funds in the vault to buy more coins in the events of major dips/crashes. Good luck brother, WAGMI.
>>50404942
Why would it be bait? I imagine we might have one more big dip, and then start of Link's bullrun... unless the economy really does shit itself, in which case we will be crabbing near 0 for a few years. Personally, I think we're going to hit $30 this year thanks to Eth Merge which will enable staking and CCIP to be released.

>> No.50405023
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50405023

>>50404942
why would this be bait? There are real anons out here living this tale. Show some compassion.

>> No.50405056

>>50405018
>>50405023
why would you DCA on an asset that already went 100x? using the exact same logic, why don't you DCA into BTC or ETH?

>> No.50405077

>>50392486
I know you faggota luke to think of link as our coin, but /biz/ does not have the money to pump anything to a multi-billion dollar valye.

>> No.50405181

>>50405056
because LINK is obviously more undervalued than BTC or ETH. Simple as. The power has yet to be priced in.

>> No.50405195

>>50405181
my average is literally $0.37
please define "undervalued"

>> No.50405234

>>50405195
1 cent below 81k = undervalued.

>> No.50405243

>>50405056
What this anon >>50405181 said. Link is undervalued. Link will soon be in massive demand due to its utility and ubiquity (legacy institutions already adopting Link eg. LexisNexis; Swift integration; HyperLedger officially using Link; 70%+ of defi already using Link), and staking will create a supply-side shortage. Everyone will fight over the few Link which isn't locked up. The price will rocket.

>> No.50405251

>>50405195
how can you hold an investment for 5 years and still not know shit about it

>> No.50405283

>>50405243
so you're speculating, there is no fundamental reason to support the thesis that it is currently "undervalued" despite it being literally more than 100x up from ICO
>>50405251
I'm asking something very specific

>> No.50405409

>>50405195
>there is no fundamental reason
Link has the best fundamentals.
Anyway, of course it's speculation, but there is a basis for it being considered undervalued. The value of a contract that a DON can secure is proportional to the amount of Link it has staked. This has the effect of each DON strives to stake as much Link as possible in order to secure the most valuable contracts and earn the most lucrative fees.
Further, this also results in a direct relation between contract value and Link's $ value. When Link starts capturing the trillions of dollars in legacy finance, derivatives, and insurance, the token must have some inherent minimum $ value which scales as its market capture grows.
And it's expected that Link will capture these legacy markets. Aside from the fact we've seen evidence of Swift partnership, we are seeing evidence of HyperLedger integration. And it's already being used by LexisNexis (which is a big deal in case you didn't know). These companies WILL use smart-contracts in the future (not up for debate) and smart-contracts NEED oracles. And when it comes to oracles, Link is so far ahead of the (non-existant) "competition".

>> No.50405456

>>50405409
>This has the effect of each DON strives to stake as much Link as possible in order to secure the most valuable contracts and earn the most lucrative fees.
(Explained further).
This will lock up so much of the supply. Expect 90%+. Basic supply-demand rules apply . What happens when you decrease circulating supply by 90%?
This hasn't happened yet because staking isn't released. Staking will be released in phases, starting this year. I doubt it will have any immediate impact (aside from a price dump) becausr it willl be extremely limited initially. But when it gets into full-gear it will be the real deal.

>> No.50405482

>>50405409
that's a lot of words for
>yes, the value proposition is entirely based on speculation
>>50405456
>I doubt it will have any immediate impact
at least you're being honest
>When Link starts capturing
>it's expected that Link will capture
>companies WILL use smart-contracts in the future (not up for debate)
>when it gets into full-gear
so the entire "undervalued" proposition is backed by a dozen prerequisites which have yet to materialize, ergo full blown, shameless, blatant speculation
thanks for answering

>> No.50405512

>>50405482
>that's a lot of words for
>>yes, the value proposition is entirely based on speculation
Well, I summarised it in the second sentence "Anyway, of course it's speculation".
>so the entire "undervalued" proposition is backed by a dozen prerequisites which have yet to materialize, ergo full blown, shameless, blatant speculation
lmao. You have to be forward looking when investing. If people buy into projects with the mindset that you're implying ("buy in only once everything is released"), they're only going jump onto the bandwagon once the price has rocketed and there's not much room left to grow.

Anyway, why do you speak like a non-holder even though you're an OG? How much do you hold?

>> No.50405542

>>50405482
the classic "i'm an oldfag who believed in link even when it was rank 100+ but now after 5 years of holding and nothing but good news and major development i've come to despise link and think it's a shit investment and discourage people from buying but for some reason instead of moving on i still go to link threads to talk shit" angle. not the finest script you guys have come up with.

>> No.50405557

>>50405512
I've been waiting for staking since 2018, please spare me your "be patient" lectures, I have no use for them
anons itt have explicitly stated their belief that LINK is currently undervalued, I asked for some kind of tangible proof to support this belief, all I got was the same talking points we've been using since 4 years ago
>wait for staking & enterprise adoption
so yes, LINK is not "undervalued" or even "overvalued" based on fundamentals.
the token itself still executes the same jobs and serves the same functions it did back in 2019.
if staking rolls out, the network functions flawlessly, and integrations keep piling up without the price moving an inch, THEN we can confidently state it is indeed undervalued
tl;dr saying LINK is "undervalued" based on planned/unplanned developments that we've been expecting for 4 years is asinine and retarded

>> No.50405575

>>50405542
a token gaining x amount of marketcap spots is entirely meaningless
>hurr how can you be bearish after 5 years
I expected most of the planned features would have materialized by now, and I'm willing to bet you did as well back then

>> No.50405595

>>50405557
>tl;dr saying LINK is "undervalued" based on planned/unplanned developments that we've been expecting for 4 years is asinine and retarded
Staking and CCIP are literally announced for this year. It's sad that on the precipice of their release you seem to have lost faith in the project.
If we are forward-looking, Link still has the most tangible promise out of all projects currently in development, regardless of if you bought in 2018 or 2022. I hope you'll hold since I want you to be redeemed, but to each their own.

>> No.50405613

>>50405595
I don't see any reason at all to be optimistic about staking v0.1, that is not what I've been expecting at all, regardless I'm still keeping a sui stack
(1k, whoever tells you otherwise is a retard)

>> No.50405623

>>50405613
You’re the retard new friend

>> No.50405625

>>50405595
>the most tangible promise
thanks for pointing that out btw, spot on
but tangible or not, it remains a "promise"
good luck to everyone

>> No.50405726

>>50405613
>i've been in link since 2018
>a suicide stack is 1k
nexo is insolvent friend, i'd start looking for a new job

>> No.50405736

>>50405557
I'll start by saying every crypto is massively overvalued on pure fundamentals.
But I believe link's speculative value is undervalued compared to the rest of the dogshit in the market. Link is one of the few projects that will actually have a high fundamental value, so for it to be ranked above 20 among blatant scams and dogcoins is massively undervalued. It should be top 5 at a minimum

>> No.50405796

Stop pandering to the miserable self-pitying low lifes who plague this board with their pathetic drivel. Let them wallow in their squalor. We're all gonna make it.

>> No.50407005

>>50405575
>I expected most of the planned features would have materialized by now
How delusional you have to be to have expected that? I thought it would take min 10 years, and I always doubted if this whole thing is real or too good to be true. These last two years have actually proved many of the crazy breadcrumbs to be true.

>> No.50407803

>>50402143
I don’t think this year, my estimation is 2025 to see 2 digit link again

>> No.50408098

>>50405557
>the token itself still executes the same jobs and serves the same functions it did back in 2019.
>if staking rolls out, the network functions flawlessly, and integrations keep piling up without the price moving an inch, THEN we can confidently state it is indeed undervalued
All reasonable valuation models incorporate future outcomes (their probability and magnitude aka "expected value") in one way or another. One can only believe that chainlink is correctly valued purely based on its current and present state of development, if one assumes that the expected value (E(X) = sum xk p(xk)) of the network is the same as the current value. Most bullish chainlink investors believe the EV of the network is greater than the current network value, because of a perceived combination of (a) the probabilities [p(xk)] of success seem to be comparable (or better than) to probabilities of failure and (b) the positive skew (often referred to as "asymmetry", as in "asymmetric investment") in the distribution of values [xk] of success vs failure (failure is limited to -100%, while success has unlimited upper bounds).