i have been lurking for about 6 months and link seems to have a lore that i cannot completely grasp as i was not here for the previous bull and bear markets, not to mention chainlinks ICO, and mainnet. i want to invent in it but i don’t get it, why has chain link price not really budged despite the recent good news? is there truth the this argument that the coin doesn’t have value in how the technology functions? are people just weary in general given the last 5 years of price activity? i have a hard time believing (they) can artificially keep the price low. am i missing something

ive seen threads over the last few months referencing many things like how ari juels once talked about the trustless fulfillment of assassination contracts as a potential application of the technology. is this true? and what is all this shit about kek and saturn? what have you anons uncovered?

Good luck. Even if i tried to map it all out it wouldn’t make sense. You honestly just had to be there.

>>60720365 (OP)
I believe this is an ad.

>>60720365 (OP)
Because if you’ve read the white paper, you’d realize that until there is an entire decentralized oracle network (DON) economy powering executables for derivatives and providing information for price feeds, then there won’t be any demand. Think, there is only one pool for only one DON for the Ethereum price feed. The team anticipates that there will be THOUSANDS if not HUNDREDS OF THOUSANDS of DONS providing security for an unimaginable amount of smart contracts and executables. We just saw that the SEC is going to put everything on chain, and who is the standard for providing secure data powering executables for all those contracts in all those markets? Chainlink.

Just think that the current pool has roughly 41 million link, there will be THOUSANDS of them in the future. There’s only 1 billion link tokens and you’re going to need a token that can carry all that value to provide security for those pools

We are early and you better start getting your ducks in a row anon

>>60720365 (OP)

I will summarize it as this:
>anons many years ago predicted Chainlink taking over the entire financial and crypto markets
>everything they have predicted has actually come true, and more
>somehow price has not budged at all
>the price chart has a very obviously suspicious period of ~2 years of steady range, which lends credence to everyone's theories of some level of price manipulation.

>>60720412
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>>60720365 (OP)
Hey fellow /fit/ anon, I was there when Sharky killed Zyzz, I was there when skateboard squats gay guy got doxxed, I was here for Chainlink ICO and it was the most meme magic I've ever experienced. Sell everything not bolted to the floor and buy LINK. The fact it hasn't pumped to top 10 is mind-boggling. (((They))) are either suppressing it or retail is even dumber than we ever thought possible. It will go to 1k and beyond. Sure you won't experience the pure euphoria that comes with complete release from years of suffering, but you also won't experience said suffering; maybe a few months tops then riding the high you lucky bastard.

>>60720406
>Just think that the current pool has roughly 41 million link, there will be THOUSANDS of them in the future. There’s only 1 billion link tokens and you’re going to need a token that can carry all that value to provide security for those pools

Token not needed, though

>>60720365 (OP)
so basically the "hostile alien object" that the news is talking about currently is actually a ship carrying representatives of the galactic IMF, coming to the planet to give Sergey a rimjob on C-SPAN for several hours while Trump applauds the entire time - to be concluded with a global telepathic announcement that link tokens will be used to track every single quark in this simulated universe
this will cause the price to dump about 2 percent, but some random dogcoin will go up 1200x
hope this clears things up for you

>>60720365 (OP)
>>60720418
https://youtu.be/8nEPWUFgfvk

>>60720365 (OP)

>>60720365 (OP)
I believe this is an ad.

>>60720425
This although I don’t know how long our suffering will continue

Im glade all the jeets disappeared from biz I hope for 4 more years of bear market

>>60720492
As someone working in oil this is actually a red flag. 99% of green technology is just not economically feasible. And the 1% that beats everything is nuclear (fission and if we eventually manage it fusion).

Does this mean Ari Juels/Chainlink plans to scam us?

congratulations to everyone who bought above $18, good job to all the marines who failed to take profits once again, for the newfriends, enjoy your roundrip

>>60720492
Name of book?

>>60720673

>>60720707
That cover was a wild ride, I love that the author is involved with Chainlink irl. Is the book any good? I don't have any LINK, pretty new to crypto but is there any chance the book is based in reality, and if so does the book's chain end up winning?

>>60720759
Listen, pig fucker, I believe this is another ad.

>>60720763
If this shit is prewritten I want to know. If it really is an ad that means there's money in it and I want some too

>>60720763
Oh shit! I didn't even notice my ID, even the color is appropriate. Now I have to figure out if Chainlink is a moneypig or if I would be a paypig for buying it

>>60720624
>99% of green technology is just not economically feasible.
they building this tech for other planets where solar/wind will be the only source of energy. You can't wait until you get there either to start building and refining the tech.

>>60720365 (OP)
Run away anon

I am technically 16x up, but in exchange I have been cursed, you want none of this

Run!

>>60720365 (OP)
Heavy hangs the crown etc. ive held from 2019 and bought below $2 and dont even have that many links. Still, the utter frustration of being absolutely correct without significant price action is like carpetbombing your mental health. It feels like landing that absolute bombshell 9/10 gril who doesnt understand how pretty she is, only to discover she wants to wait atleast 7 years to do anything remotely sexual. Yes the pump will be amazing. Yes thousands of neets will absolutely shoot ropes simultaniously. Yes it has been hell. I genuinely believe now that everything great takes time, whereas before i didnt. Holding link tought me that

>>60720871
This, the project is cursed
You will hate yourself for the day you bought in

>>60720759
The book is clearly inspired by reality, the main character is an author self-insert and his working on a crypto company that is obviously meant to be Chainlink, with a Sergey stand-in as well.
Also 4chan is mentioned.

>>60720903
>we were absolutely correct!
>apart from the most important aspect, the fucking price
the state of baggie mental gymnastics, lmao

>>60720365 (OP)
No exaggeration, no troll, there are genuinely anons that think Sergey is Pythagoras and was reincarnated by Ari.
>>60720759
Tetraktys is a self insert novel about Ari and Serg's participation in bitcoin.

>>60720624
>just not economically feasible
not when big daddy government is printing money to sustain it

>>60720365 (OP)
chainlink will give you brain damage

>>60721530
>Holding link is like having a normal life, plans and dreams then suddenly waking up in a mental asylum. There's 50 million dollars in a locker with your name on it, in a room full of lockers for all of the patients. The door has a sign saying 'Will unlock in illegible days.' You talk to the other patients, the wardens. Everyone tells you the sign says something different. Some people say the room will never unlock, that the money is fake, that the wardens already took the money. Some say the room doesn't even exist. You talk with another patient who agrees the room exists, but halfway through the conversation he pulls down his pants and runs in circles shitting and crying for chicken tendies. You find out that you can leave at any time, but that if you do you might not ever be able to come back. So you stay, questioning your sanity more and more with each passing day. Was I crazy before I came here? Is the man screaming in the corner that it's all a lie, even though he's still here, right or insane?

>>60720624
>plans to

But seriously - what’s more worrying: If they’re intentionally scamming us or if they’re true believers that are scamming us unintentionally?

>>60720624

You'd wait until it becomes 2% that beats everything to fight back? Where the extra percent is some crap that makes everyone happy (Fusion)?

>>60720365 (OP)
Basically here is the deal anon. Chainlink will be what powers the mark of the beast to work with traditional finance structures and a bunch of us managed to get in because some smart anons made a smart contract that allowed us to pool our money together so we could participate in the ico. Now some of us have huge stacks of chainlink and they have been trying to get us to sell ever since because having link means you get a say in the truth of what data is provided to services all throughout the world once the mark of the beast goes live here shortly.

They want us out because they want full control so now they run as many schemes as possible to associate link with scams and try to convince people not to hold link.

That is the jist of the lore, anyone who says otherwise is simply uninformed. Goodluck.

>>60721182
We were tho?
> swift
> literally shook hands with potus
> namedropped by whitehouse
> mastercard
> visa
All the breadcrumbs were true. Dilate tranny, you will never be a woman

>>60722018
>They want us out
buddy it's time to update your shill script, this isn't 2018 anymore

>>60722059
honey the only thing that matters is the price

>>60722018
This. It's spiritual at this point. It's not about the money anymore. It's about doing what's right.

>>60720624
Imagine actually trying to work while being in oil. What a retard.

>>60720365 (OP)
the point of LINK is to be used as collateral by the node operators to prove their good intentions
if they do their job well then they have nothing to fear, if they supply bad info or try to sabotage the system then their collateral is seized and redistributed (mostly to the party inconvenienced by the bad info, sometimes also to the rest of the honest operators)
this hasn't been implemented as of right now, it is a future goal for the network

if not for its collateral utility, the LINK wouldn't truly be needed as operators could just ask for rewards in any kind of currency they want, or use conversion services
but with its collateral utility, the LINK is now needed for the service to remain blockchain agnostic. if people were allowed to use ETH or BTC as collateral for example, then the network would be exposed to exploits or vulnerabilities of third parties

the staking we got was unimportant in the grand scheme of things because it has no collateral, therefore tokens are still not "truly" needed. i suppose you could interpret it as a tutorial or an alpha
true staking would look something like this:
>competitive pooling scene, since the more tokens an operator has the more tasks he can process
>staking would expose your stack to losses if the node operator ends up being a bad actor or messes up badly (i know it sounds bad, but that's the entire purpose of staking. insurance against loss by reducing your yield has been brought up)
>yield based on market forces, if few people stake you get a massive yield, if lots of people stake your yield is reduced but the token's circulating supply is also greatly reduced, causing positive price pressure
>no hard upper limit for the amount of tokens that can be staked, more like a soft cap based on market demand for chainlink services

>>60722066
Satanic dubs check. Thank you for proving my point. OP asked for the lore so I gave it to him. If your attention span is too short for these things just say so. He’s shaking hands with the president and the white house is putting out papers talking about chainlink in it now. So like I said, chainlink will be a big piece of the infrastructure of the mark of the beast. Patent 060606 literally won’t work without it.

All you have to know is that a bunch of bagholders tried to meme it as the next ethereum, it failed drastically to pan out and now there are a bunch of bagholders with Stockholm syndrome stuck holding it and desperately trying to find exit liquidity. The market has moved on. These niggers are really holding bags for 5 years with 0 gains lmao