>After the release of the ChainLink mainnet, price stabilization will optimize for a balancing between affordability and adequate collateralization for node providers, with some fluctuation contingent upon demand for the off-chain resources their ChainLink provides, and the supply of other similar resources, In real world terms, this would result in the LINK token stabilizing in a price range roughly equal to the cost of a cup of coffee.
Doesn't this set a hard cap on LINK price? I see two options here:
1. algorithm works, LINK price can't move multitudes beyond where it is right now 2. algorithm doesn't work, LINK price collapses because the token doesn't work correctly
Please explain why this is FUD, it's basically the only thing keeping me from investing more into LINK at this point.
This is from the v1 release of the whitepaper from 2017.
Luke Johnson
Fucking kek, linkies bought a stablecoin xDDD
Jacob Rodriguez
Why would the Smart Contract care to make a bunch of speculators rich? Obviously the stakeholders they value will be independent node operators. Chainlink is a utility token, don't their tokennomics then sell.
Andrew Peterson
Chainlink being below $1000 defeats the purpose of the token. :)
Dylan Edwards
Why would you even feel the need to lie?
Pic is an actual screenshot from the actual Chainlink whitepaper.
Serious question time. Why are people "fudding" tokens on /biz, what's the point? I mean how large an audience is this, how could it possibly make any difference. Or is it simply for shits and giggles? Also this particular "fud" is a bit worn out...
Mason Robinson
>he doesn't drink $1,000 cups of coffee
lol look at this poorfag over here
Benjamin Jenkins
>this is what's stopping you >not the fact that Sergey owns 65% of the supply
What a dumb bunch of fucks LINK holders are. How could you ever be part of such a centralized shitcoin?
David Gray
>he thinks it's a good idea if "investors" hold the majority of tokens before mainnet You're a dumbass.
Benjamin Cruz
Fuck this shit scam. I’ve barely done 2x in 6 fucking months. I want this shit to make me a millionairw right fucking now, I sick of waiting. This is fucking bs
Kevin Lewis
>I want to be dumped on by 2 devs >I think that ChainLink is actually a real effort to solve a problem that doesn't exist
You're not even aware of how dumb you are. You're a literal NPC.
Wyatt Baker
Yes, I'm sure the devs behind "radio silence: the crypto" are aching to dump on me.
Luke White
This is an obvious edit. No version of the whitepaper has ever included this line.
Juan Smith
Based and extremely red pilled. Give this to the moon boys for justice
Jordan Smith
This is some petty, Jewish shit. Go fucking lie to your mom maybe she'll believe you you fucking scrub
Easton Brown
>OP's edit: "I sleep" >my edit: "SOME PETTY, JEWISH SHIT"
Landon Thompson
I've been fudding Link daily for 2 years. Why? I hate Sergey. He made 32mil scamming NEETs, and I want his scam to be exposed and his reputation ruined. It's really simple, I'm mad he made more money than me scamming and got away with it. I'll only be happy when he's in jail or on the run from the SEC, and considering how understaffed the SEC is, it probably won't happen, even though selling unregistered securities that can be indirectly resold to retail investors is 100% illegal, and that's what he did.
I couldn't care less about the price or how many people see it, i just hate Sergey, and I will talk shit in every single thread I see that mentions him or his scam.
And no, I'm not a swing trader and never sold LINK. I never bought LINK, cause I'm a dev and read the whitepaper and knew it was a centralized scam so I never bought it.
Adam Lopez
I'm also dev, at a high end gig. Chainlink as far as I can see is one of the best projects out there, second only to bitcoin (obv. talking btc) and perhaps ethereum (POS will possibly make it a pos). It will however need smart contracts to gain traction, which also happens to be the goal of the project. It's a solid effort I believe, but at the end of the day, this whole space is new tech and no matter how good the idea is, delivery is another question, besides bitcoin, everything is a huge gamble.
Juan Peterson
I didn't say they were aching, I implied they WILL. Sergey raised 32 million dollars he's not exactly starving. The scam is twofold, there's willing sadistic retards all over to help him.
Zachary Diaz
The only relevant coin that has done well in a bear market, and you're mad? Be patient, end of year takeoff is looking more likely now that we finally have new volume
Julian Miller
>radio silence for nearly 2 years: the project >exit scam Pick one.
Luis Wright
Coffee in Germany is about 1,80
Josiah Peterson
They meant the crazy bat shit coffee thats $1000.00 per cup.
Blake Robinson
These niggas need to play some incremental games, cultivate some patience. Haven't they ever played Cookie Clicker?
Why do you keep imagining shit I said? Is this how Linkies deal with reality? Sprinklings of whatever they want to believe on top? No, retard. I've long before said that LINK is a slow scam, not a sharp exit. It begins with glacial development speed. I saw a video with Sir gay talking about shit and it was so fucking sloth-like and lethargic. He was boring and low energy as fuck. That's how it begins. To scam you have to do it smart. You can't just pack up and run away overnight. Instead, what you do is delay things for so long, take a very long time to do things, appear to make no progress. When you do this for so long, people will naturally just stop caring about you and forget. Only then can you quietly leave without anyone even noticing. Watch, in several months time Sergey will put out some kind of pathetic apology/thanks blog post thanking people for their support but basically saying that he needs some time to 'reorganize' his thinking and approach, all that kinda bullshit.
Then its done. You're not a techie and so you don't understand that smart contracts are a massive fucking meme and cringey buzzword, decentralized oracles are even more so of both. Again, you don't understand tech or business so you'll keep thinking this is so smart and revolutionary. While nobody outside of an anime website continues to care at all. Its not that you found a sekrit amazing thing and kept it hidden for 2 years with the amount of traffic this site gets. Things leak to the internet from chan sites in a week. You're just holding a massive piece of shit.
Jeremiah Reyes
>It's a slow scam >My evidence is that they've done nothing >please ignore the things that they've done
I can't tell whether this is next-level FUD or brainlet FUD.
>if it's a slow exit scam it's not an exit scam you're retarded
Hunter Powell
Yes, Eth was the 1 in 1000 ICO that was not a scam. Link is not, it's a scam just like the 1000 others. The proof is, ETH hired 50+ devs and actually spent their 16mil in ICO money to make the software, then released in 1 year. 1 year in, it had hundreds of devs using it. Whereas Link hired 3-4 devs and took 2 years to release something 100x less complicated than eth, and no one is using it. AND HE RAISED 32 MIL. AND HE OWNS 65% OF THE SUPPLY. The eth foundation had less than 1% of the supply left 2 years in.
Keep comparing Eth to Link brainlet and you're gonna get BTFO because they are nothing alike
Ian Miller
Have sex incel.
Lucas James
>I'm also dev, at a high end gig kek you're not a dev, any real dev would instantly understand that the Link design is flawed and that it's a scam.
Grayson White
why do you keep bumping this thread? you should abandon it, every time you bump it another person with money reads how dumb you are and how easily you get BTFO and sells his link. Hide this thread linky, it's costing you money
Joseph Robinson
Jesus christ how hard are you fags trying with this low IQ garbage? Do you want my bags? I bought them mostly at 30c. If you want my bags you have to be willing to pay $100 for them minimum. Although if you beg enough I'd send you 10 of them if you post your address here.
Stop using that fucking image. I was shilling ETH on here before any of you understood what the fuck it was because you were all too busy laughing at Ethereum's first video where v-tec was looking into the top corner of the room and not the camera.
Why can't you just accept the fact that LINK is a centralized dogshit non-solution?
Jose Collins
Again, this is screenshot from the 2017 v1 whitepaper.
Ryder Garcia
>d-dude. T-trust m-me. Please
Lucas Stewart
nice argument. You are too low IQ to refute it, so you don't. Don't worry the smart people see that you can't refute the fud and are selling/not buying link. You're costing yourself money by bumping this thread and getting BTFO over and over
Jaxson Bennett
there's nothing to trust, I'm posting facts and logic proving that Link is a scam, and not a single one of the 100s of linkies on biz can refute it. Keep bumping the thread, more people are reading it, seeing you get BTFO and selling their linkies
Caleb Brown
>Again, this is screenshot from the 2017 v1 whitepaper. >literally screencapped from the actual website >doesn’t even post link, source or anything to refute it Life must be simple living with no brain
ETH took 1.5 years between ICO and initial release, just like Chainlink. And ETH was always just a Bitcoin clone with slightly more programmability; and is still lacking many core features half a decade in, and gets btfo by shit like cryptokitties.
Christian Rogers
>every coin that is FUDed is the next eth
Jordan Nelson
>>literally screencapped from the actual website If by "the actual website" you mean smartcontract.com, which is still hosting the 2017 v1 copy of the whitepaper, then ok sure.
Angel Harris
> please invest your time into explaining why I am wrong when I am basically just here to beg for cheap bags > if you bump this and show off how desperate I am, I win
>You're not a techie and so you don't understand that smart contracts are a massive fucking meme and cringey buzzword >i was shilling ETH on here before any of you understood what the fuck it was
Jeremiah Anderson
>ETH took 1.5 years between ICO and initial release, just like Chainlink. >And ETH was always just a Bitcoin clone with slightly more programmability; and is still lacking many core features half a decade in, and gets btfo by shit like cryptokitties. lie, lie, and at least it had the thousands of users/devs required to clog the network. Chainlink will never have that.
Jordan Robinson
You still haven’t posted your source you cock guzzling faggot
nice argument, I'm sure many people just bought link because of it and didn't sell because you can't refute the FUD
Luis Wright
>ETH was always just a Bitcoin clone with slightly more programmability
Absolutely fucking incorrect. How the fuck can you say dumb shit like this that everyone knows is wrong? Ethereum was supposed to be a decentralized global computer, a place where code was law and everything was immutable. A place to run contracts and programs with no censorship. The payment for these services would be in ETH. That is nothing at all like a purely P2P currency. Neck yourself, LINK holders are so fucking retarded.
Wyatt Taylor
>go to actual site >no result >search archive >no result >google “chainlink whitepaper coffee price” >no result >d-do your o-own r-research... Just post the goddamn source you lazy fat fuck it’s literally a click away
Brayden Butler
Turing complete smart contracts (the kind Sir Gay wants to fuel) are cancerous garbage. Trust a linkie to have no idea about the difference. My shill period was way before the DAO fuckup. Mongoloid.
Connor Howard
kek, nice work user
Jackson Johnson
Wtf I hate LINK now. Just sold 500k :)
Jacob Martin
> implying that I give a fuck whether anyone buys or sells link Oh come on now stop projecting onto me. The only thing which will work is if you actually beg for 10 linkies. Go on. It's not like you have any dignity anyway.
I don’t agree with user that smart contracts are a meme, but there won’t be enough usage or demand in the next few years to drive up the price. That’s why it’s $1.14 and not $14
Jayden Parker
Why are you arguing with this cocksucker? Everyone who is longer than 2 weeks on this board knows that posts like this are low-effort FUD from (mostly underage/indian) swinglinkers trying to increase their 1400 LINK stacks since daddy won't give them money to buy more.
Carter Barnes
I am tho. Please describe the design flaw? You know, since you're an actual dev, right?
Samuel Anderson
Fuckbois like you shall squander your millions in less time than it took for you to wait for them.
Isaac Moore
>it's a scam ... The proof is >gives no proof This just cemented your iq in the low 90s.
David Wilson
This thread is pathetic. Just a bunch of LARPers arguing with retards.
Tyler Roberts
>Coffee at 7/11 in Australia is $1 Meanwhile coffee at coffee shops is some of the most expensive in the world. Really makes you think.
Joseph Martin
>every coin that is FUDed is the next eth >implying that it’s not It’ll be funny to watch you die of starvation and poverty
Jacob Sullivan
>Absolutely fucking incorrect. Except it's literally true. It's basically the Bitcoin protocol, but with more programmability. Bitcoin could do smart contracts already for instance. It was a major point of fud against ETH in the early days.
>Ethereum was supposed to be a decentralized global computer, a place where code was law and everything was immutable. >A place to run contracts and programs with no censorship. This dreamy description doesn't change what ETH is at heart: Bitcoin with more programmability. You can do similar things with Bitcoin, see BSV and their bullshit for instance.
>That is nothing at all like a purely P2P currency. Then why is Creg trying to do pretty much exactly what you described, but with Bitcoin?
>at least it had the thousands of users/devs required to clog the network No, ETH only needed a crypto kitty game to clog it.
Luis Gray
please dump this to 50 cents, I need to accumulate
Michael Ward
>Except it's literally true. >It's basically the Bitcoin protocol, but with more programmability. Absolutely, completely wrong. ETH has a completely different node structure which is why exchanges in 2017 had trouble listing it while listing bitcoin/litecoin forks without a problem.
>This dreamy description doesn't change what ETH is at heart: Bitcoin with more programmability. >You can do similar things with Bitcoin, see BSV and their bullshit for instance. Wrong. Their scripting capabilities are not nearly at the same level as Ethereum, which is also demonstrably provable.
Nathan Richardson
>ETH has a completely different node structure Doesn't change the basic fact. Even the basic explainers on ETH's own website say that ETH was supposed to be an improved version of Bitcoin. youtu.be/WfULutvxvzY First guy.
>Wrong. Bitcoin couldn't/can't do smart contracts? You're a raging newfag and also retarded.
>Their scripting capabilities are not nearly at the same level as Ethereum I never claimed otherwise.
You must be like 12 years old or something.
Mason Smith
Fuck all these fudders I swear they get dumber by the day
Ryder Lewis
If the language used in the whitepaper is accurate, we should be expecting a floor of around .90c, which is probably why we keep testing that range. I would buy in there and expect no more than a 2x.
Easton Ward
It's not and it won't. 5 mins on Google and you could have stopped yourself looking stupid.
