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/biz/ - Business & Finance


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File: 5 KB, 586x290, chainlinklabslogo.png [View same] [iqdb] [saucenao] [google]
52476518 No.52476518 [Reply] [Original]

I know Sergey and LINK holders on /biz/ are idealists, but do you really think the people in charge are going to want to live in a trustless environment? I'm not going to say it wouldn't be better, but for adoption of Chainlink to happen it would require the suits in charge to say "Yes I want less control and less ability to fudge numbers in my favor". WHY THE HELL WOULD THEY GIVE THIS UP? Where's the advantage? Imagine telling politicians to vote to give themselves less power and then investing all your money in a bet that they do.

Okay, so a few start ups might use it, but they'll be small fries compared to the companies that won't use it. And yes, I realize a few larger companies might use it for proof of concepts to seem with it when it comes to modern technology, but no way are they going to use it for anything makes them real money. They're not going to put their bottom line at risk just to put a "trustless" stamp on their project.

What are you expecting? Normies demanding the adoption of Chainlink after getting lied to too many times? I don't even need to explain how funny that idea is looking at the previous bull run. And even if the big boys ever did try to posture as having some kind of guarantee system, they'll use something that has a backdoor. THEY WILL NOT GIVE UP THEIR CONTROL. Chainlink is a neat idea, but it's just not going to get used.

>> No.52476545
File: 477 KB, 1506x1452, 95pussen.png [View same] [iqdb] [saucenao] [google]
52476545

It's already used breh OP bfto /thread fpbp

>> No.52476557
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52476557

>>52476518
Cool pasta faggot

>> No.52476569

yes they will because it will make them lots of money

>> No.52476572
File: 758 KB, 1876x1018, chadstats.png [View same] [iqdb] [saucenao] [google]
52476572

digging up op's body to piss on his corpse and bury his body upside down lmao rekt fpbp OP rekt /thread

>> No.52476583

>>52476518
chainlink is already the single most used product in crypto

>> No.52476603

>>52476545
>>52476557
>>52476572
>>52476583
Oh yes how could I forget the defi monkey jpeg price feeds.
Please, you know what I mean. Name a use case that actually has real world value

>> No.52476612

You didnt need to do the write up. Its already used

>> No.52476616

>>52476518
thanks just bought more

>> No.52476617

>>52476518
You are trying too hard. Actually after all this FTX bullshit stinkylinkysergeybicmacmoney is one of the most bullish tokens out there. I actually bought my bags back and I'm going to buy more in the future if it goes lower and/or when things get more clear.

>> No.52476632

>>52476603
show me your swole arms from carrying the goalposts around you pathetic faggot

>> No.52476677
File: 387 KB, 2421x1601, porlink.jpg [View same] [iqdb] [saucenao] [google]
52476677

>>52476617
>Actually after all this FTX bullshit
Using this as an example, why is Binance not using Chainlink to verify their Proof of Reserves? Why are they having MEV Mafia Vitalik help them out in developing a new solution. Hint: It goes back to what I said in the original post. They don't want everything to be out in the open. The Chainlink PoR system doesn't allow for hiding the truth. They want to have the ability to carry on as they are while still assuaging customer's fear. It's meanless posturing.

>> No.52476691

>>52476677
*meaningless posturing.

>> No.52476695

>>52476518
THAT'S YOUR FUD? That it does everything it's supposed to do? Chainlink domination is inevitable.

>> No.52476756

>>52476677
Checked. Do you know what the chess game is? Here are the rules:
>1) As long as no major entities use Chainlink PoR, the entire industry can continue to scam their customers
>2) As soon as a single major entity starts using Chainlink PoR, they will have a permanent ideological headstart as "the first big guys to show they were really honest"
>3) As soon as one exchange is using Chainlink PoR, it will be a draw for high info/high value customers who wouldn't accept any less. Most of these customers have dodged the current happening by being self-custody maxis.
>4) It won't take long until everyone else has to follow suit, at which point everyone will be on Chainlink PoR and only the first couple of adopters can brag about being "industry leaders in transparency and accountability"
So you see it's a game of everyone trying to stall for as long as possible, while there is a big and long lasting prize for the first people to actually adopt. How long can exchanges ignore that prize now that bottom tier retail normies are calling for Proof of Reserves and Liabilities, something they never gave the slightest fuck about until they got BTFO.
Do you see?

>> No.52476772

>>52476518
>thinks the world is run by one group of people with zero counter party risks
NGMI

>> No.52476777

>>52476518
I don't know how it works but all I know is it verifies truth so when it asks "was coronavirus real" I will vote NO!!

>> No.52476790

>>52476777
Checked,kekd, and baste

>> No.52476868
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52476868

>>52476545
>duuuuuuude TVL….excuse me I I mean TVE.

>> No.52476878

>>52476868
>duuuuude poster
how you doin bro, still seriously mentally ill? you should try "steel cut oats" for breakfast they make you feel good.

>> No.52476895

>>52476756
Even if Chainlink PoR is integrated that won't see a rise in valuation of the chainlink token, so you will still baghold this catastrophic dogshit. $6 after 5 years is a complete joke, you should have invested in a real project like QNT or ETH instead, faggot.

>> No.52476897

>>52476603
How about I just call you a faggot and buy 50 more links?

>> No.52476904

>>52476756
This is your answer, OP.

>> No.52476908

If the usage is closr to 0 then yeah

>> No.52476967

>>52476677
That's a blackpill I don't want to swallow bro. This would just further prove life is a huge ponzi scheme if that trash were implemented.

>> No.52477009
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52477009

>>52476895
(You)

>> No.52477037

>>52477009
Kek

>> No.52477057
File: 25 KB, 644x800, 1614980587060.png [View same] [iqdb] [saucenao] [google]
52477057

>kek

>> No.52477089

>>52476518
>Chainlink will never be used
>data is already being used
OP confirmed retard

>> No.52477107

>>52476756
To add to this, I don’t think it’s a coincidence that Sergey waited until December to release staking until Ari finished his job killing off cefi exchanges.

>> No.52477115

>>52477089
So if it's used... and the price action is garbage... then why bother investing in it?

>> No.52477142

>>52477115
You’re right, you don’t. Please don’t buy and stay the fuck away

>> No.52477154

>>52477142
nice comeback linkcel. just say you're a bagholder in it for the tech.

>> No.52477164

>>52477142
Yes, it has worked miraculously for me so far, I have gained thousands this bullrun while linkies have lost their minds.

>> No.52477213
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52477213

>>52476756
>3) As soon as one exchange is using Chainlink PoR, it will be a draw for high info/high value customers who wouldn't accept any less.
This is the step I have a hard time believing in. There's such a staggering amount of uneducated people in crypto I've seen over the last year that I cannot reasonably expect any kind of public support for only a Chainlink built system. There's an unnaturally wide disconnect between the value of chainlink among the vast crypto population; I don't know why, it's almost unfair but it's true. I just don't see the market caring about this to the point of picking an exchange over another. As long as they create something named PoR and it doesn't steal everyone's money right away no one will care.

Btw I'm still buying Chainlink despite all this. I just think success on the level /biz/anons think it will have is a very long shot and probably will never happen.
I might be mentally ill.

>> No.52477248
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52477248

>>52477213
>newfag thinks only "sophisticated" people buy link

you got dumped on in 2020 by onlyfans thots and soccer moms

>> No.52477256

>>52477213
Pretty much. What incentive was there for SBF to use PoR? He wouldn't have been able to scam billions. "honesty" and "truth" are irrelevant in this market, the only thing that matters is the next x1000 shitcoin, which is why chainlink will never moon. Everyone here is trying to get rich quick

>> No.52477266
File: 22 KB, 479x560, earn.png [View same] [iqdb] [saucenao] [google]
52477266

>>52477213
Once india realizes clicking buttons earns them money, chainlink supply shock. Or hire your pajeet and pay him to click the buttons for you

>> No.52477539

>>52476518
YES SOME INDUSTRIES WILL HAVE NO PROBLEM WITH A TRUSTLESS ENVIRONMENT IT'S LITERALLY WHAT THEY WANT YOU BUFFOON

>> No.52477675

>>52476518
thanks for looking out for my investment

>> No.52477959

>>52477142
>le segret investmant

Amazon right?

>amazon revenue after 5 years: 2.7Billion
>chainlink after 5 years: NFT integration

>> No.52479848

>>52476518
I bought a cup of coffee with one today