Only once will I post this. Only once

It is obviously a scam, no shit sherlock. But the guys who have been shilling this shit for two years now have been making a killing off of the stupid basement dwellers who browse this board thinking they’ll get rich that easily after the bubble already burst. The crypto boom is over, someone just needs to tell Hiro that we need two separate boards to contain the shitcoin scammers.

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Like, dudes, do you actually take this board seriously? Like, c'mon 1000$ eoy, it's obviously a fucking retarded meme.T

Ok I'm a current holder with 10k+. I own a house and am comfy with no crypto debt. Please explain to me how Link will make bankrupt. That's right you can't so fuck off you faggot.

finally someones making some sense around here

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There is a lot of interesting and strange shit surrounding chainlink.

Believe it or not Sergey's father was one of the lead planners for the Soviet Union when they invaded Afghanistan in the late 1970's.

OMG LOOK GUYS THE CEO ISN'T ADDING COMMITS
>t. retard who doesn't understand business or programming

The project is making steady and good progress with the size of the team it has. It does have significant applications, and TC wouldn't have partnered if they too didn't understand this.

Apparently OP knows better than MIT Tech Review and Cornell professors and his genius is revealed in the fact that a CEO is not writing code. Seriously OP, do better. This is shit-tier FUD.

wait people here are actually investing in this? you know we were joking right?

Please to be kidding sir

warosu.org/biz/thread/S12345559#p12345938

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It's a scam not only because the technology is stupid (there is no way to do oracles the way they are claiming) but also because there is no value to the LINK token itself.

The only way cryptocurrency has any long term value is as a commodity. Money has always been either fiat or a commodity like gold. The commodity use for crypto is business use of the ledger. Chainlink is one of these dime a dozen scams on people who don't understand what blockchains are for. There is no future where businesses are going to need to buy a bunch of stinky LINK tokens from a bunch of sweaty NEETs to do any of this stuff. They will develop their own solutions that are far better than an erc20 vaporware token.

>coming to you live from mumbai
It's pajeet!
>queue the music rafikki

P A S T A
A
S
T
A

>stinky LINK tokens
>sweaty NEETs

People would take you more seriously if you didn't say stupid shit like this fyi. Anyways pretty much everything you wrote is your opinion and I already didn't give a shit about it. Sorry, but you will never make fud pasta by putting this little effort into it.

Posting year old FUD again are we?

Citation needed

I don't care about you I care about keeping new people away from this scam.

this desu

where's the code then

Chainlink is shit because holochains agent centric aproach solves the oracle problem by default.
Since you're not keeping track of a ledger but of agents and their reputation/state, an agent can publish all kinds of data and if he's reputable enough he can be used as an oracle, or you can even code several oracles into your hAPP by defining a trust/reliabilty threshold for your data sources. Basicly holochain provides decentralized oracles natively.

Here is another reason why Link is a scam: the law.

Having a trustless oracle does not exempt anyone from the law. Just because you put out some code on the blockchain does not make you exempt from legal liability. No business or individual is going to use a system like this if it doesn't abide by the legal requirements to operate an oracle. There are laws against things like "bucket shops" (unauthorized speculation)

Another big tell here is the fact they are using their own token. Why? Why not just have it pay out in ETH? Why a separate token? Because... it's a pump and dump ponzi scheme. LINK is actually, from a legal point of view, an unregistered illegal security. The technology is basically nebulous vaporware and actually not used at all. This is pure speculation and it is also securities fraud. It is only a matter of time before the SEC begins to clamp down on these tokens.

Youre not even staying consistent with your fud. It's pretty clear you're just grasping at straws. Did you sell before the pump user? It's ok you may have a chance to buy in next week after fireside chat with Gonser.

I don't care about pumps, I care about legitimate business use which things like this have nothing to do with. The long term value of chainlink is exactly zero.

Tell me exactly what I'm wrong about... go ahead, I'll wait...

Sure, everything.

github.com/smartcontractkit/chainlink

>It will make all current holders with 10k+ bankrupt.

How is putting 20% of my wealth into it going to suck the rest of my wealth into it and bankrupt me.

OP is correct
There is a closely kept secret about a company in Chile called Sonda S.A. This company has been in cahoots with Autodesk, EMC, HP, IBM, VCE, Microsoft, Oracle and VMware. Sonda S.A. was behind the Chile Cave Children. What happened in the cave was the spiritual sacrifice of children to Satan and in doing so allowed for demons to gain complete control of these children. Since then these cave creatures have been building a super computer in that will connect human consciousness to the blockchain. With the end goal of a Satanic hive mind.

All these useless ETH tokens that have no purpose because you could just use ETH instead of them.
So the Chainlink token is used for node collateral and payment. Genius use case, but sorry, node operators will also accept ETH and data requesters will accept ETH as collateral.
>but Link has special features, it isn't a ERC20, it is ERC722 or whatever
Ethereum is touring complete, it can do everything and more your silly token would be able to.
Oracles are needed, but there is no reason for a seperate token.

> Muh shitcoin factory can scale

This. Bunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth. Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons. Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story. The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you faggots to still be in profit when the time comes. In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

God this is so stupid. Sorry, that's the only way to put it. What simple and myopic thinking. Crypto's function as a currency/store of wealth has already been dominated by bitcoin. It's over, it's doesn't matter how good the tech nano or xrp offers is. Bitcoin does what people actually use it for: a store of wealth with which to hedge against fiat.

Any valuable crypto project at this point is going to be a utility or platform for a digitally-governed, trustless services. After successful adoption, the value of coins and tokens tied to the local economies surrounding those services does not arise simply from their being a store of value or from speculation--- they will inevitably be tied to the value of the service. They and their value denote access to the service and their value is proportional. I hate having to explain tokenomics to random people on here who probably won't read this and don't care, but it's actually a good thing for tokens/coins with highly specific purposes to exist, rather than just having ethereum be the coin used in all its services. You want the value of the token tied to the value of the service because it creates a more stable price and environment around the service.

To repeat, the LINK token like others are not meant to be a currency or store of wealth; they are a physical component of the Chainlink network/service and as such embody a portion of its value.

Only once will I post this. Only once.

Those of you who have been blungly follunging the chainlung shills are absolung fucking retungs. If you had an IQ abung 90 and spent 30 minungs researchung, you'd actungly understung why you are makung the worst invungment of your lungs.

The problem with this bong is literungly most of the Chainlung shungs could not explung to you why Chainlung is actungly an amazung shitcung. The few anungs that do get it's a scung and post legitimungly useflung informatung get ignunged becaung most of this bong is dunge and dung as fung and wung they can't understung somethung is a scung they act like it wasn't evung postunged.

Chainlung is next gen ponzung. It will make all currung holdungs with 10k+ bankrung. You may have to wang 2-3 years, which mung of you will be too dung to do. You'll see a decrung a yung from now and becung you've been checkung the prung every fuckung day for over 1500 days you'll thung "fung it, I'm sellung, this isn't going anywhung!". Whung the tokung actungly goes to zerong you'll be holdung the keys to your piece of shung Pontiung and thung of ung who weren't totung brainlungs and didnt bung will be havung you pung our Bentlung's becung you work as a fuckung valung now.

This is not pastang. Do not repong thing. This is simplung the trung. Fuckung screencung and chung back in 2021. You know I'm rung, I always amung.

Oh God. What a nightmare of an idea, a "reputation system." I feel insane trying to argue the most obvious tautological point: the very value of blockchain is that it uses redundant consensus to verify someone is telling the truth, and if one day a previously good actor becomes a bad actor, it doesn't matter because the code ignores what the bad actor says. It does not require trust. Staking valuable assets also discourages bad behavior.

When it comes to handling large amounts of money, no one wants a system that requires trust (i.e. "reputation"). After years of good behavior, an actor on the Holochain network can suddenly turn bad, potentially making off with a lot of money, and there is nothing Holochain can do about it because it's unlikely the government will enforce what happens in poorly designed software let alone any blockchain project. It's insane to me that people are bragging about Holochain's most obvious, glaring weakness.

>"The Law"

Lol this doesn't make any sense. No threat to Chainlink.

Do you even know what a scam is or is that just your personal shorthand for "I have some doubts about this project." ? They purchased and work with Town Crier, developed by some of the world's leading educators and data scientists at Cornell. They have drawn the enthusiasm of countless businesses that understand the potential. There is literally zero evidence that there are malicious plans by CL to run with funds. It's one thing to address concerns but this is certainly not a scam. Have you actually given a read to the evidence in favor of investing in CL? I would say it vastly outnumbers the FUD, and the FUD is easy to dispel or not so compelling, much like yours. As for your comment about ETH... well, I direct you to my previous response in which I address this almost predicting that you were going to say this bullshit in a later post. Damn, you really don't understand this tech.

I don’t this this is FUD or bait, I think OP genuinely believes what he is saying.

I'm gonna say it: you're stupid. I can smell it through my screen... the stink. You're arrogant and yet so poorly informed. Worse yet, you're convinced you're right so I can tell arguing with you is pointless; you don't have an open mind to thoughtful responses and points. You clearly don't understand the CL tech, let alone why Holochain is hugely flawed security-wise.

>"The long term value of chainlink is exactly zero"

Good god man. Stick to grubbing.

>"touring complete"

You may now go stand in the corner. Look at my post above about tokenomics. If you don't learn soon, your idiocy will leave you poor.

well

enjoy losing all your money

BTC is a store of nothing. You have a coin that keeps halving block rewards with no ability to scale, what do you get... miners leave, death. Its main use right now is as the main trading pair in the so-called cryptocurrency "market", more accurately referred to as the Casino.

The only other reason people buy BTC is they hope others will buy it so they can sell it later for fiat. That is not a store of value, that is a ponzi scheme. Stores of value are stable and have actual value (commodities, etc) BTC cannot be a commodity as it has no ability to scale for commodity ledger use.

And LINK is completely useless, unless you define use as being a great example of securities fraud, that only poop boy losers shill on this board who are either incredibly stupid, or are actively trying to scam people.

Actually learn about what makes blockchain actually valuable. Hint: it has to be a commodity, it has to be cash, and it ends as one network. It is not about a bunch of tokens with half baked promises. There was an almost identical occurrence of this during the .com bubble with digital and web IPOs. There are legitimate uses for tokens (real securities, stocks, etc) but scams like chainlink are not one of them.

ok

who is actually using chainlink -- not talking about it, not "enthusiasm" -- using it. Is it even usable?

who needs this LINK token. Why would anyone need the token to do this. What value does the token have? Think about this

why should anyone put money into this crap

what you are smelling is your own stink