Chainlink is a poor investment with no working product, no progress being made, and a circulating supply of 35%. Chainlink does not have the solution to the billion+ dollar oracle problem. It is a coin held up by pure delusion, groupthink and paid astroturfing.
>but what about the testnet? All the testnet does is allow you to create a eth/btc smart contract that pulls data from one centralized source API. Also, the smart contracts are not even optimal with one data feed. The ETH contract cannot send payments all it can do is upload one data feed into the contract. The BTC contract requires you to send the escrow payments yourself. The contracts ARE NOT self excercising. This is not a decentralized oracle and there is no utility in it. This is not even hard to program, they don’t have a solution for true decentralized oracles and make almost no progress against top class teams searching for the real solution. >the token economics Only 350,000,000 of the total 1,000,000,000 tokens are even in circulation. Your investment is prone to VAST inflation at any time.
Chainlink is a poor investment decision and you are being manipulated.
Most Link will be locked up in staking. It will come to the point where there is probably less than 50 million Link in circulation.
Anthony Ross
I own LINK (a bit ashamed of it, and will likely sell soon, to be honest). That said, I think the LINK shillers on here are doing a great disservice to Jow Forums. Desperate bagholders literally begging people to buy, spreading rampant disinfo, etc... it's disgraceful.
Brandon Young
Go market sell right now faggot, I'll be glad to buy. A lot of larp is from fudders trying to muddy the waters, but it's obvious that Link is in league with big players.
Justin Harris
anyone selling there links now is fcuking brainlet. This is a long term hold.
but any spastic fuck who wants to sell and even bring the price down I'll appreciate it lol
Ian Anderson
oraclize checks data feed ohshit our 2 vms are down we apologize for the inconvenience (smart contract now compromised)
chainlink checks data feed 100+ nodes checking api, then consensus forwarded to smart contract (smart contract still valid) hmmmm
Michael Powell
Link is a meme
Cooper Campbell
This is a thread for insightful discussion. If you cannot counter a point or provide anything of value to the discussion get out. Why are all chainlink shills mentally disabled and just scream FUD?
Hunter Morales
We are talking about chainlink in the present. You are talking about a version of chainlink that does not exist and may never exist.
William Garcia
so you are saying the apis are only checked via 1 node at the moment?
Aiden Jones
Fuck you, I'm not gonna give a well though out reply to lying pieces of shit. With all the fucking fud and pasta being thrown around 24/7 I don't give a fuck about placating you, faggot. Every piece of fud gets debunked but retards keep on with the same tired old shit anyway.
Grayson Rodriguez
there was no argument to counter?
Another fucking brainlet. Go crawl back up your fat cunt of a mother.
Jayden James
Testnet does not even have nodes. The information is directly taken from a webpages API.
hm. it seems disjointed to set up a link payout faucet for node operators without having them perform a task. also it seems pointless to code the direct api scraper when it won't be used in production.
Christopher Campbell
that doesnt take them out of circulating supply you retarded faggot
Jason Morris
This is what makes me think this team will absolutely not be able to produce. They can’t even make their token structure work on the testnet and instead just pull data directly from website APIs overpassing nearly the entire idea of chainlink.
Hunter Lopez
however, assuming the consensus mechanism is the most complicated component of the workflow, it makes some to get the faucet running first, get the node querying function second, and the consensus mechanism and running third. Then it's just a matter of sticking them together.
Given the remaining tasks, I'd estimate at least 4 months until mainnet, unless some of this is on the private repo. Feel free to chase moon missions elsewhere, but if a name comes back in the testnet servers, theres a chance you might lose some of your stack
Robert Scott
mfw i realize that the oldfags literally dumped their ico bags with shills, same as colx, holo, amb. this place really is cancer. Link seems like less of a scam but could easily pull an ARK.
OTOH, there are the somewhat plausible connections drawn between link, docusign, iota(?) Swift, iso2022 &psd2, accord(waruso yesterday for that one) etc. idk man, im going to hold it for a year just to see what happens. I'm not 100% in and you shouldn't be either, imo.
Owen Cooper
this shit is about to tank so hard right now. can't break 6100. heading back to 4500 now.
Ayden Davis
Because we're tired of explaining this product over and over and over again. Your entire "insightful discussion" is retarded because pretty much any question you'll have can be answered by actually DYOR. The day you do this will be the day you understand why it is shilled so much here - but I suspect you'll just keep being a daft little brainlet forever.
Anthony Lopez
I did my own reasearch and laid it out for all here. I used the testnet, I read the whitepaper, i’v checked the chainlink contract. I don’t have any questions about what I posted in the OP it is factual, what about it do you think is not? The chainlink testnet directly sources data from only one API of a webpage and skips over the tokens and nodes to produce unoptimal smart contracts that are not self executing. This is not the vision or plan they laid out in their whitepaper and it seems clear they cannot execute.
Luis Lopez
>Link seems like less of a scam but could easily pull an ARK.
no it cant with a 1b supply
Anthony Clark
>only invest in something after it's fully functional and priced in nigger WHAT
>investing in something that has only shown evidence it will never be delivered as specified, if at all. Read the rest of my posts.
Camden Ward
Maybe they are, but you never should invest off of blind faith or rumor. You must analyze the reality of the project in its current form and analyze the risks.
Chase Allen
valid point, I have nothing to say besides looking into the social networks of the people involved makes me optimistic and comfy enough in my investment to sell the top to buy lower and build my stack in this way.
Henry Smith
Thats your prerogative and I respect that. If you are optimistic on the project its your call. I’m just highlighting some big risks associated with chainlink for the people here who might be too caught up in the sensationalism.
Dylan Green
well what do you think it says about link that despite days where eth:btc/usd are in the red it stays green and it trades within a consistent range for the past week? Also that overall it's depth charts are overwhelmingly full of buys?
to me it says accumulation
Kevin Cox
Current price action is of no importance to fundamental analysis. Bitconnect would outperform BTC/ETH/USD but eventually collapsed due to fundamental issues. Also orderbooks are easily manipulated and you could be seeing trends that don’t exist.
Adrian Lewis
I gotta sleep but I'll read your response in the morning, thanks for being considerate enough to provide a "fud". Fud strengthens confidence in good investments
Matthew Scott
oh nice, just in time. Yes, that is correct, it COULD be manipulation. Atleast tomorrow I have something to do, joyous existence user. Rest well.
Ayden Johnson
that dosent taek them oot of circulatenng supply yoo retardead fagoot
nigga it's not even real fud. the real fud is that literally no one in this thread knows enough about link to call him a faggot.
Colton Green
hence tomorrow why I'll be sitting through the entire white paper and consulting with the best programmers I know??? Also don't call me nigga white boy.
GET YOUR SHIT KICKED IN LIKE WHITE KIDS DROPPING NBOMBS JOKING BOUT BLACK CRIME LIKE WHAT THE FUCK IS ENRON YOUR GIRL WORSHIPS MY BALLS SHE CALL ME SHENRON
Dylan Hall
good points OP, thank you for giving your take and actually posting something of substance
Landon Reyes
why are you the way that you are
Noah King
>The chainlink testnet directly sources data from only one API of a webpage and skips over the tokens and nodes to produce unoptimal smart contracts that are not self executing. It's almost like it is an isolated environment which shows a very barebones outline of how it could work even though it doesn't have many external sources to interface with, therefore limiting the capabilities of a smartcontract supplement which relies on the provisioning and delivery of external datafeeds. Maybe this is why it is called a testnet? Ever thought of that?
> This is not the vision or plan they laid out in their whitepaper and it seems clear they cannot execute. Wow, you mean this testnet isn't the full plan laid out in their whitepaper and that they can't fully demonstrate the capabilities of the project in this state?
The main problem here is that you are clearly too stupid to understand the limitations of a testnet. The fact that there are people like you fucking around with your money in crypto is just mind boggling to me. I might as well be having this conversation with a bag of dog shit.
Henry Ross
Should've brought the shadow fork
Nolan Ortiz
Fucking hostile stinky linkies! I was able to get a level headed one in this thread Project sounds more like a cult than anything. DGB 2.0 if you ask me
Hudson Reyes
A testnet should test the basics of the platform as stated in the whitepaper. The chainlink testnet operates completely different from the product in the whitepaper. The most critical parts of chainlink, the tokens and nodes are not even a functionality in the testnet. All the testnet does is literally scrape information off of a website API and uploads it into a smart contract thats not self-exercising. Its literally useless and does nothing of value for the project or the space. You should maybe test it out.
Jayden Martin
Test-nets have much less limitation than live products by the way, thats the point.
Sebastian Roberts
Oh that's all it does? You should try it while running your own node separately on the same instance and getting them to talk to one another - which they do, and quite well. I'm not even sure if you're trolling or if you're actually stupid enough to believe you can run bullshit past me when I have been playing with this since release.
You guys are total cunts for fudding newfags out of riches. The world is a big enough place for everyone on this board to make it off Chainlink.
Robert Jones
Or run several nodes on it even, which you can do. Not you in particular, because you have no idea what you're talking about. But someone like me or other users who intend on staking without needing to use crap like linkpool.
But we both know you'll never follow this up and my words are wasted on you. Refer to my previous comment about conversing with a bag of shit.
I’m not sure why you are so inflammatory. Don’t take investing so personally. I have tried the test-net and all the features I have described are accurate. Care to explain what you think I am missing?
Adrian Turner
Is there any competition for this token? Is anyone else trying to solve the orcle problem?
Sebastian Davis
>stop countering our organized shilling >let's all pretend there aren't tens of other projects who blow LINK out of the water
Benjamin Ortiz
The oracle problem is a billion, even trillion dollar question. Yes, there are many projects and people trying to figure out a solution.
Lucas Green
>>let's all pretend there aren't tens of other projects who blow LINK out of the water Which project tackles what LINK is trying to tackle better than LINK does? >inb4 Mobius
Asher Jones
>tens of other projects who blow LINK out of the water See this is the exact sort of dishonest bullshit I'm talking about
Tyler Long
Augur, gnosis
Benjamin Cox
Both of these projects are years behind link and far more centralized. Unibright also. I look forward to others buying into these trainwrecks though - that's what you get when infants and morons try to mimic a legitimate product like link.
I was referring to ROI, should have specified that. LINK does nothing yet, except aggregating the money of the herd in exchange for a piece of Sergey Nazarov's bags.
Nicholas Allen
Augur has been around much longer than link. I’m not shilling any of them I don’t hold any of these coins. I don’t think any of the current products will find the oracle solution. I think thats a binance listing for augur
John Wright
>I was referring to ROI Then buy Verge, lmao.
Camden Cook
I'm talking more in terms of development and (implied) partnership building. Unless they're somehow more low-key than LINK is, they just won't have the clout or product required to take first mover advantage with many of the major companies looking into blockchain tech. I have read your other comments in this thread and you would do well to study solidity and golang a bit more and review the whitepaper once you are more confident with these. I wish the testnet had more in it, but only a fool would actually believe that the state of the testnet is anything but an afterthought for smaller companies to have a play with. That's the impression I get from it anyway. This guy knows a bit about what he's talking about, but I think he's too invested in this for what we've been given in regards to the aforementioned testnet. I think it will pay off, but link isn't my whole portfolio like many of the fanatics on here. If (and this is a big IF, but there are too many coincidences for me to ignore personally) companies like SWIFT / Hyperledger are engaged with link, you can bet your ass that they're running their own environments for testing purposes which we are never going to see until the big day. I'd recommend putting a small amount aside for this one (maybe 500ish) regardless of doubts, simply because of the events which this team seems to consistently attend and the names which constantly pop up alongside them. The link cult is obnoxious, but the enthusiasm certainly isn't baseless and I don't think the testnet we have been given is really a good judge of what the end product will / will not be capable of at this stage.
Aaron Sanchez
Chainlink seemed like a very promising project but with the testnet release and lack of clarity regarding updates and developments it has been dissapointing. The github is basically dead and there is no concise roadmap. Cannot justify any significant investment into chainlink because of these factors laid out. I don’t think having a small % of your portfolio in chainlink is at all irrational though. You just see so many people all in chainlink around here being extremely sensational when the product or delivery has not been able to justify it.
Matthew Edwards
>All the testnet does is allow you to create a eth/btc smart contract that pulls data from one centralized source API. Also, the smart contracts are not even optimal with one data feed. The ETH contract cannot send payments all it can do is upload one data feed into the contract. The BTC contract requires you to send the escrow payments yourself. The contracts ARE NOT self excercising. >This is not a decentralized oracle and there is no utility in it. This is not even hard to program, they don’t have a solution for true decentralized oracles and make almost no progress against top class teams searching for the real solution.
It's almost like the "testnet" is there for "testing", huh user?
The testnet does not test any crutial functions of the chainlink platform as described in the whitepaper.
Mason Scott
Of course it does.
Lincoln Reed
I’v already explained why it doesn’t in my posts, so you explain how it does.
Isaac Clark
Did you posts say the testnet does nothing at all?
Liam Richardson
They have gone a bit fanatical because the rumors have gotten to their heads, which is dangerous because even promising products can fall over in this space while things of little substance seem to rise. The github / lack of communication is a red flag, but I also find it very intriguing because it could go either way. A) If the team has been putting on a front and claiming to be working hard but are actually incompetent and lazy, the github and lack of communication is your proof B) However, if this is not the case and this is a product they truly believe in, they could actually be tied up in a plethora of NDA's as some of the speculators here have claimed, which would explain how little information we get. My mind about this one will be made up when I see the names attached to this in the mainnet release when it does arrive, so just make sure you keep your eye on it too just in case it does happen to be option B.
Ryder Reyes
>The chainlink testnet directly sources data from only one API of a webpage and skips over the tokens and nodes functionality to produce unoptimal smart contracts that are not self executing. This is not the vision or plan they laid out in their whitepaper. Heres one, read my posts.
Noah Russell
Well that's something, isn't it?
Luke Torres
Eyes are on it, just awaiting additional information. It could be option B, just working with the verifiable information at hand
Charles Taylor
>Thinking they have any reason to give a shit about you
There's a good reason why they aren't giving you updates. It's because you don't matter.
Dylan King
>underage faggot with a thesaurus. linkies should be embarrassed.
Benjamin Gomez
The rumors surrounding chainlink and sergey's confirmed bank and industry connections are the biggest cocktease ever to be quite honest. It seems likely chainlinks rumors will turn out to be true
Zachary Walker
I’m not an investor. Investors should matter to them and be given progress developments stop trying to be edgy.
Elijah Hughes
Well see that's the thing which actually makes me a bit excited for it despite what I think is still my measured skepticism. It's not the only horse I'm betting on per se, but if the investigations in other threads or even a single one of the LARPers prove to be true, the connections + the tokens being staked in nodes for reputation could lead to a substantial price increase which I can't even begin to work out on paper if it does what it claims it will do. I still think it's wise to take a look at a few other worthy projects and make sure there's at least a little diversification. Trust me - the regret of watching a project fail can really crush you in a way which "missing out" doesn't. It happened to me when I was in stocks, so I learned this lesson the hard way.
Joseph Lee
>Investors should matter to them And what if they don't matter to them? Are you going to call the police?
Hunter Richardson
utter bullshit. the github is really active right now.
Elijah Ross
wtf are you on about.. lots of commits happening every day
Jayden Baker
user, which other projects are you in and why? You seem like a sensible and interesting person.
Nicholas Scott
He's stuck in February '18 fudmode.
Easton Carter
I hold a quite respectable number of links. I dont even feel angry when people fud links nowadays, cause i know its gonna take off anyway without the brainlets. Like, go ahead dump the price to your hearts content, i'll gladly hold your bags. IDGAF
Jace Bell
I am 100k+ bagholder myself. My biggest fear is it’s not enough to make it. I am a Linklet REEEEEEEE
like it or not, no matter how you look at it, LINK is not a poor investment by any means. it has literally no reason to crash and is one of the least risky projects in crypto. if you havent thrown in at least $500 into it just in case something actually happens youre an actual brainlet
Thank you, now that is very assuring, which makes the Fudder that started this thread look even more like the stupid mofo he is.
Justin Adams
What other projects are there trying to solve the oracle problem? mobius, augur, gnosis, any others?
I'm planning on buying everything that's trying to solve the oracle problem so no matter what happens I make it
Kevin Jackson
>publicly exposed testnet doesn’t include the differentiating factor described in white paper/talks >known existence of private repos
Hmm
Jose Howard
what is the connection with docusign? a tweet from Tom Gonser? you realize he's balls deep with his cash as a VC investor for another project right? you should consider putting your money where he does.
Dominic Powell
Now that REQ launched BTC support on theire mainnet while NOT using Link and having a unknown third party create the smart contract for them Link is pretty much proven to be a useless shitcoin just like so many others.
I was a firm Link believer, but i just sold my stack and put most of it back into REQ. When theres solid proof like this that Oracles can be created on the spot by projects like REQ. Link will have no real world usecases exept for maybe a few (if) they are successfull in the end.
Man, i really wish this weren't true, but it is. fucking hell what a shitty day.