Ethereum raised 18$ million in September 2014 and launched the main net in July 2015. In the ICO 60 Million ETH (80%) were sold and 12 million ETH (20%) went into the development fund.
Chainlink raised $32 million in September 2017 and by October 2018 they haven't even started on aggregation and the reputation system has to be outsourced to reputation providers. In the ICO 350 Million Link (35%) were sold and 650 million Link (65%) went into the pockets of a philosophy major.
>You can't compare ETH and Link, duh. Well, thats the point - ETH is massively more complex and its scope is so much larger. Just compare the ICO numbers, why did CL need so much more money than ETH? Why did they need to keep such a large percentage of the total supply? And you Link cultists are still pondering why Vitalik dislikes the project - simply because it was a blatant money grab. Vitalik is right, decentralized oracles are cool in theory, but why would a handful of people need $32 million (and 65% of total supply) to develop them? It is astounding what ETH achieved with $18 million and how little Chainlink did with $32 million.
Come back when you have more imagination and creativity, this is classic pajeet fud, you will just have to settle for shitting in the streets if you think you will go anywhere with that attitude.
Michael Martinez
You can't answer it either? Just say: They needed $32 million because ..... And they needed 65% of the supply to .... compensate node operators? At least one can still hope about that.
Juan Stewart
you're telling me poo goes in the loo that's news to me user
Ian Roberts
>eth has a larger scope than chainlink kek'd you're so goddamned stupid, you don't even realize that the level of stupidity that you possess is even possible
>muh decentralized oracles are a bigger scope than a revolutionary blockchain Besides ANY blockchain could integrate their own decentralized oracles overnight. They just haven’t yet, and neither has L*NK. Absolutely pathetic
Actually they're great points. Chainlink's accounting is dogshit. Token holders are shareholders despite what all these fucking scam icos want you pathetic cucks to believe.
Alexander Young
I agree that this is a huge part of why Vitalik has soured on the project but that doesn't mean it won't be successful out of necessity.
Nicholas Diaz
inflation duh
Brandon Harris
Thank you.
Gross miss appropriation of monies. HORRRRENDUS marketing skills. SHIIIIIT investors relations.
You can't even get a straight answer from these retards.
Jack Barnes
I’ll leave this here (good read either way) Incase any weak marines are discouraged with this elementary fud.
You don't have to do this any more, user. You don't have to be biting your nails every day about whether that one last swing trade will get through in time. Just hold now. Join us in the departure lounge. Share some memes, some laughs. There's no need to pretend any more... It's happening.
Andrew Scott
>Recently, I called Oraclize the most important blockchain protocol you never heard of. gtfo pajeet
James Turner
But LINK has only about 3/4 full time devs. Eth probably had about 40. For a project that raised 32 million they sure are lean, where 2 people at a stand handing out stickers counts as marketing.
Chase Ross
fact is chainlink in it's current state does more harm than good for oracles. if chainlink actually worked like augur, with no pointless api/json fetching shit, it might be able to provide some value. just pulling data from apis doesn't need a whole network and its own token to provide the same level of security. if that's all chainlink is going to do on launch, then no developer is going to even bother looking twice at it.
Jeremiah Nguyen
Its hard to find a reason for their stinginess. The most likely explanation is that they use the millions as a backup plan, if (when) Chainlink fails. Its nice to have made it either way, even if your hobby project doesn't get there.
Luke Hernandez
Subtle fud
Aaron Peterson
refute it
Luis Johnson
Wow 10 things about chainlink they DIDN'T want you to know You wouldn't BELIEVE how many big macs this man eats a day
Leo Long
No need to. I want the idiots who fall for this shit to not make it with me.
Nicholas White
I can despute any fud, come at me
Ryder Sanders
Why are there only 4 devs for a project that raised 50% more money than Ethereum. How much of this money did they pump into their lemonade stand at ETH SF?
Jaxon Hall
they are working on the aggregation now you idiot. (service agreements set for november 2018) look at the pivotal tracker, but keep playing dumb.
Brody Butler
>8tps >revolutionary lmao
Ryder Collins
i hold Link and this does not make me feel good
Alexander Ross
>I, uh... well you see.... ummmm.... they need it for.... expenses and stuff....
Matthew Robinson
there isn't just 4 devs theres a lot more on the business side they pay for good lawyers barely any
Jackson Phillips
>there isn't just 4 devs there are. Steve, Dmitri, Alexis, John Thomas is an integration engineer.
Thats it. Anyone else who has contributed has done minimal work.
Lincoln Morales
because markets are based on supply and demand you pajeet
when Ethereum ICOd few people understood its significance or potential, and the amount of capital floating around in the cryptosphere (which has largely derived from BTC and subsequently ETH appreciation) was much less.
relative to its positioning in the development and adoption cycle as a whole, it was really a less significant raise, which is quite justifiable.
what was the realistic alternative, hold back even more for the developer and node funds?
Asher Garcia
The problem is not them raising $32 million, the problem is that they don't use it. >You can't just hire 40 people and expect to make faster progress on a programming intensive task. Sure, keep telling yourself that. But if ETH only had 4 devs it wouldn't have launched by now either.
Isaiah Hughes
Well it’s the blockchain linkshit has its token based on
