Is LINK a scam?

i hear people saying they're using binance for their OTC service, is this actually probable? or are we getting scammed?

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anyone who unironically believes there's any chance link is a scam is either woefully uninformed or embarrassingly low iq.

It's not a scam, but it's wildly overvalued by a factor of 30 or so. Vitalik Buterin himself said that Chainlink was an interesting idea, but doubts that an oracle service is worth more than $32 million or so.

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chain link is pointless. First of all, it doesn’t “solve” the “oracle problem” because if you are getting data from an API, than its already the source of truth no consensus required. It’s just a useless middle man (and additional token) between your code and the API you want to use. And even if it did work, it would still be a niche use case. It’s target audience is developers in the minuscule D-app market. Not really casting the net wide with that one

You're unironically a fucking moron.

Imagine.. not all API's have the same data on the same dataset.
Gasp. I hope you just had a breakthrough. Probably not, because you're fucking retarded.

Does this sound like a billion dollar idea? The data is being formatted differently from different sources. All chainlink is doing is creating JSON parsers for different sources and choosing one. This shit is literally ridiculous.

>steve jobs, why would you make a computer? there's already microsoft and ibm. no way this could go anywhere. you seriously think people are going to pick your computers? and spend a premium for them?

You're getting scammed, I'm getting rich.

700K EOYY FAGGOT NIGGER

lol how the fuck would he possibly know that

wow oracle service sounds cool I think it's worth $33,004,375.75 specifically. No more no less.

No. Deals like this are made wallet to wallet or directly with exchanges and could just be announced. There is no reason to break it up over dozens of 700k increments over several months.

Unless Binance is providing (uninsured) custodial services for an institution that is unable to pay for more than 700k LINK at a time, this situation is retarded. Who the fuck, as far as institutions go, chooses Binance for their custodial services and sends cash money to the devs? Sounds far fetched.

>feeding them false 'bread crumbs'

If you buy into false hype, that shit is on you

He said that about the ICO and is on the record pricing ETH at $5 during the 2017 bubble. That autist is out by orders of magnitude and was not talking about something with network effect and mainnet.

>bill gates a harvard drop out had parents who were already upperclass funding his company

>steve jobs didn't invent the apple computer, steve wozniak did along with 3 other members and help with atari

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Vitalik fucking sold his entire stack @ $7. Fuck that retard

What if binance was purchasing link for use for their us platform?

kek

t. Sergey

Why do you FUD like this when blockchain has a public record that can prove you wrong with 100% certainty
etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b

>They’re in need of funding for the growth!
Funding token, illegal ICO.
>They’re selling OTC to companies!
Blockchain analysis shows no such thing happening, OTC doesn’t even make sense for ERC tokens which can be traded with smart contracts.

Linkies have no defence for this.

A scam? In crypto? Of course it isn't a scam, if it was possible to scam people in crypto surely the government would step in to prevent it.
Don't worry.

Come on linkies. Tell me you’re never selling for me.