Thread 60766610

LINK hasn't reached its crossing the normie rubicon moment yet. However, my sources claim it's about to happen VERY soon. And when it happens, it'll be a MAJOR moment. The switch has officially been turned on. Gosh, I'm just so excited for you kids. This is the year and you were right about everything all along. I hope your ducks are in a row, strap in.

fuck every stink
i hate them more than most

Normies won't even know their crossing the rubicon... chainlink will simply be implemented on the backend of systems normies already use and will notice virtually no difference.

>>60766637
they're

fuck every stink
loathe em all and think they suck

>>60766621
>>60766640
bots

>>60766610 (OP)
>LINK hasn't reached its crossing the normie rubicon moment yet. However, my sources claim it's about to happen VERY soon.
It's literally impossible for normies to understand Chainlink I'd say you need at least 115 IQ or so to get it which fair, doesn't seem like much, but only leaves you with like 15% of the population, and so if LINK is to gigapump it will come from actual usage, not normalfag speculation.

fuck every stink
pathetic and deluded, they are

Do you know how many times there were threads like this being made and how euphoric people were with these small "pumps" in the past?
I dont think anyone believes it at this point. I am so empty inside from all the failed hopium.
Deep down, we all want to believe, but we all know that btc is gonna dump, and link will be $15 in a few days.
Threads like this just make it worse, you guys constantly get our hopes up, only to crush us down and even lower than before.

>>60766693
this time it's different

>>60766693
Stop being such a faggot. I got excited every single tile since 2019 and im excited this time drns we are all in this together etc lesgo

>>60766637
No this is wrong. The Chainlink Reserve actually changes everything. It will be extremely obvious for normies that the Rubicon is being crossed now.

were going to make 2020 look like a joke
5 years of un priced in news
5 years of loading the rocket
once this breaks back into the top10 its going to melt faces

>>60766610 (OP)
k keep me posted

>>60766737
all it changes is how much of a fag u r

>>60766741
Chainlinks previous ATH would only put it on par with DOGE (a meme shitcoin). I'm assuming that if the rumors about adoption come true, we can surely go a lot higher than that?

I solded 19 dollars to swing 300 link, will i be able to buy back?

What would you consider the normie moment? I'm thinking something like Good Morning America or an interview on 60 mins. I truly think it can go THAT normie and be the talk of the country.

>>60766894
What % of your stack?

>>60766610 (OP)
>GOOD GOSH IM SO EXCITED FOR YOU BASED LPL CHUDDIE KIDDOS BASED KIDDOS CHUDDIE HOW YOU DOING KIDDOS BASED LPL CHUDDIE KIDDOS POOLS CLOSED LPL HUH HUH LPL HUH
kill yourself

>>60766650
Even a 70 IQ moron can understand a like going up, if the line goes up normies will invest.
Except for BTC and XMR, cryptos are incomprehensible for 99% of crypto "investors" anyway.
You think normies understand what ETH is doing?

suddenly ansem is full blast shilling LINK on twitter

an absolutely perfect speculation storm is brewing

>>60766894
No

i just jerked off then immediately after took a piss. it was euphoric.
now sleepy time.

>>60767071
>You think normies understand what ETH is doing?
Not how it works but they get the point. Meanwhile no one knows what link does.

>>60766879
a return to #5 mcap is entirely reasonable given the developments during the last 5 years

When not defending chainlink: -2%
When defending chainlink: -3%

>>60767321
I honestly think it will happen. We will see a 100b mcap link

>>60766637
Normies will notice when the morning news has a story about a coin that went from $16 to $2356 in the course of 4 weeks

Coinbase and Binance will have dozens of the Next Link!!!

That's when normies will notice

>>60766693
The reserve unironically is game changing if Chainlink is truly bringing in hundreds of millions in revenue. This is unironically game changing

>>60766610 (OP)
Everything depends on the next reserve deposit. I hope it’s huge for our sake, because if it’s not, we’ll be a laughingstock and the momentum will die.

>>60766641
It’s even worse, a mentally broken Lebanese poorfag. First Adem, and now this one. I don’t know why, but LINK seems to attract these Arab schizos.

Question. So we know that the chainlink reserve buy backs (5a in diagram) will happen once a week. But if the payment abstraction is layer is AUTOMATED does this mean #3 and #4 on this diagram are happening on a live second by second basis? My understanding of this graphic is that the native tokens and off chain payments are converted into link and then stored in some random different wallets up until that once a week transaction where those link are then sent to the reserve. This means that even though the buy backs aren't happening everyday, there is still all of the network usage being swapped to link (from services that weren't already paid in link). We knew that the payment abstraction layer was live for that one aave svr thing earlier in the year, but this reserve thing being live implies that the payment abstraction layer is now live across all 15 chainlink products and is converting shit to link regardless of what the reserve metric chart says because those are separate wallets.
Am I dumb or is this right?

>>60766610 (OP)
How can anyone look at that man and proceed to trust him with their money? His physiognomy and body language give me the impression of a self-serving egotist and scammer, and the whole cayman islands thing just backs it up. Do linkies consciously turn off their natural intuition or are they just born without it?

>>60767644
>My understanding of this graphic is that the native tokens and off chain payments are converted into link and then stored in some random different wallets up until that once a week transaction where those link are then sent to the reserve
We don't really know whether they will be buying once a week OR buying throughout the week and sending it to the reserve once a week.

kek

>>60766610 (OP)
Normies don't care about Link. It doesn't help that most Link holders are creepy incels

>>60767655
Makes sense. Not sure if this helps.

https://etherscan.io/tx/0x9f9696ea709d445ca51c2c79bb8e63d392d29cc4c58228790f80cce77684a706 & https://etherscan.io/address/0x5680681ed3767b96914ce741a308155c7fb9171d#tokentxns

Looks like it will be once a week with ~5000 link bought at a time on uniswap for the buybacks in the reserve at least. Still don't know if that means the payment abstraction is once a week as well or if that's just automated whenever the non-link payment comes in on a realtime basis.

>>60767637
>Everything depends on the next reserve deposit. I hope it’s huge for our sake, because if it’s not, we’ll be a laughingstock and the momentum will die.

This desu. With them having a starting amount of 1m, i would really hope they add at least that per week
Best case scenario is something like 7m per week

>>60767696
So, three things:
1. The initially funded the reserve with $1M but we don't know how much they will be buying weekly. If that's the minimum "buy back" per week it would be around $50M buy back per year, but they may buy more.
2. We'll see soon enough how much they add to the reserve and when the tokens where bought.
3. Most important point IMO is if they are actually turning on Payment abstraction for offchain revenue, what % of that offchain rev will go into PA (regardless of whether it then goes into the reserve or not).

>>60767723
Point 3. is most interesting to me. We get indirect insight into their financials, which is by far not the norm for private crypto enterprises. Im holding my breath to be disappointed, but I cant help but think they wouldnt expose themselves like that if they werent confident in their numbers

>>60767761
I think that they are expecting to go live with Swift and rake in billions of rev over the next year. My hopium headcanon is that the hiding strat is over and now CLL wants to pump the token, and so they will be showing off all they got.

>>60767723
I feel like we're getting scammed on this one. Shouldn't all the money made through payment abstraction be used to pay stackers and node operators?

>>60767772
If we get anything close to 2b revenue next year, we would hit 100 to 200b mcap easily if we're going by eth bearmarket numbers, but ive learned to be disappointed. If its anything like that, I will be rich by next year and that just seems like a fairy tale rn

>>60767776
node operators currently operate with the privilege of not requiring collateral to cover LINK requests. same for stakers not being exposed to the threat of slashing.
for now chainlink labs is still micromanaging things because we're not quite there yet.

>>60767761
Agree. If it was taco truck numbers there is not a chance in hell they would be showing us this information.

>>60767644
and by the way - shouldnt all of the accumulated CCIP fees be transferred to this reserve also=?

>>60767910
Yes, CCIP fee revenue would be transferred to this reserve. Not all of it though as we see in 5b after payment abstraction, some goes to the service providers and some goes to the reserve (5a). We don't know the percentage splits.

>>60767927
but i know there is a contract address we can wathc where they historically have stored the wETH for example. is this emptying? I can't find it right now

>>60766733
why are retards still holding this shit when Trump is openly telling everyone what to stack to World Liberty Fi

>>60767857
the system doesn't make sense until true-staking goes online

until then its a choreographed dance

>>60767772
>CLL wants to pump the token
Why would CLL want to pump the token?

>>60768197
Think of how much LINK you hold, and how much richer you'd be if the price went up 20x, 50x, whatever. Now replace the number of LINK you hold by the number of LINK CLL holds. If they are expecting to keep making hundreds of millions (or potentially billions when Swift is live) of revenue, and that covers their expenses, then they can easily redirect part of that revenue and just pump it.

>>60766737
your rewards just got chopped, stinky

>>60768307
Looks like node operators were making too big of a slice and that got curbed. Linkies are in the official staking pool which is ran by CL itself, so no change in rewards :^)

>>60768398
I actually don't like this, why couldn't it just be offchain going to the reserve. It's seems to me like a move that shifts away from the tokenomics of the white paper where it's just a protocol and anyone can become a node and service requests to CLLabs creating a revenue for themselves denominated in LINK. Are they taking control away from the protocol? Serious answers only.

>>60768398
>Looks like node operators were making too big of a slice and that got curbed
You made that up, didn't you?

>>60768307
that's shitty reporting there


https://blog.chain.link/chainlink-reserve-strategic-link-reserve/
> Additionally, 50% of fees from staking-secured SVR services—originally planned to be used to cover the existing oracle rewards paid to node operators—is now planned to be used to help fund the Chainlink Reserve via Payment Abstraction.

SVR meaning smart value recapture. Right now the interest rate for the community staking pool is being financed by team wallet token emissions. Other revenue sources were supposed to replace the emissions to power the APY in the pool. Maybe Reserves may play a role in funding the APY if they can't make the community staking pool sustainable.

>>60767205
who

>>60767644
Anon 5a isn't a buyback, it's transferring the network's proportion of revenue (that was already converted to Link) to the Reserve contract. Unless you consider the Payment Abstraction system a buyback system, there are no buybacks.

But the once a week part is likely referring to the Offchain payments since they're not automated via smartcontracts.

>>60767776
That was the topic of contention for years; Chainlink Labs has been stealing value from node operators since they were accepting payments in other currencies beyond Link which led to zero buy pressure meaning the token's price was isolated from the actual usage of the network.

Did someone say... Rubicon?

I'm not ready for normies, need more accumulation time.

>>60769475
You had 8 years

When number go up?

>>60766610 (OP)
In the past posts like this would be a top signal. Hope im wrong this time.

>>60769381
Imo it's a defacto buy back system since the tokens are bought from the open market and stored while they could have:


A. Just sourced the tokens from the uncirculating supply

B. Just kept the payments and not convert before spending/storing

C. Convert the tokens to LINK but sell them immediately to cover running costs

In all of these scenarios no actual real buy pressure is exerted, while the reserve does. Buyback is maybe not a perfect descriptor, but I think it kind of fits and gets the point across to the masses.

>>60768577
>Are they taking control away from the protocol?
are you retarded?
there was never any control for anyone outside of CLL
there is still a multisig that controls the chainlink token contract.
this make LINK more bullish, but less humanity saving

>>60769694
My problem with calling it a buyback system is because the purchases were supposed to be made by the users of the network from the start. CLL was being accommodating at the expense of the network providers as I mentioned before here:>>60769392

>>60769832
I agree, but recently I came to the conclusion that CLL could've easily kept off-chain profits under the guise of "these are profits made by licensing software packages that are built on top of the Chainlink network (like ACE), and not neccessarily via/through the Chainlink network itself". It would be extremely shitty and disappointing, but also logical in terms of generating a private stream of revenue so they can keep developing the public side of the network as well.

A day later they announced the reserve. I mentioned it already somewhere but I'm still surprised they are adding off chain revenue to it. So though I agree with your point, the fact that they could've kept it makes this feel like a buyback: they're pretty much buying "shares" with profit that could've disappeared in off-chain bank accounts.

>>60767637
>everything depends on the next deposit
Yep. We're going up Bigly or giga retracement

when is the next deposit i kinda wasn't paying attention

>>60770009
They announced it on the 7th, so probably coming Thursday.

>>60769475
YOU ARE THE NORMIE IF YOU ARE STILL "ACCUMULATING" IN 2017+8

>>60766741
back in 2020/21 what did chainlink actually do?
ran price feeds for a pretty small defi sector
some links to swift but nothign confirmed

while everyone was in depression or fudding look what they've actually done
staking
ccip
swift confirmed
dtcc confirmed
work with various banks, jp morgan a massive one recently

and the other massive thing is having trump in the whitehouse
low iq redditors thought he would just use crypto as a scam to enrich him and his friends
he has done this but ALSO placed top crypto people in important positions and is moving at warp speed (in government terms) to get blockchain implemented
then chainlink has worked its way into washington, sec meetings, friends with influential represenatives etc

it is all so obvious now + the boost from washington
people are so traumatized that they can't believe it

>>60770155
>staking
you mean v0.2? the community free gibs program? yeah that's not staking.

>ccip
no one is using it

>swift confirmed
>dtcc confirmed
>banks
been hearing that since 2017, just 2 more weeks right?

>>60770179
>reeeeeee just wait until it's $1000 and buy in like meeeee
many such cases

>>60770179
staking v0.1 went live in dec 2022 retard
v0.2 was dec 2023
https://blog.chain.link/chainlink-staking-early-access-now-live/

>>60769951
Sergey had to do something to stem the tide of fudbvlls attacking on twitter. It was getting to a point the majority of normies were shitting on link for its garbage price action.
Its in their best interest for the token price to go up, it generates hype and visibility, it cements prestige as a professional viable serious project.
Nobody would respect ETH if it was still $5 per coin. It doesnt make sense why they abused the token so much for all these years.
Coins that pump a lot gain cult following and get passionate people that want to develop on the network because their excited.
Post 202 the chainlink community pretty much died and became just a shell of its former self it turned into nothing but toxic fudders and tone deaf advocate shills. Chainlink needs to become like Tesla and Nvidia.
Just eith this small pump there is a lot of renewed interest with normies on twitter because the influencer fags are shilling it and turning bullish, before chainlink was seen as a laughing stock because of its constant crab dumping.
Having a poor token price puts a stain on sergeys reputation, normies were actually starting to believe he was an actual scammer with the nonstop dumps and continued ignoring of the token.

say it linkies
say u failed heh heh heh

>>60766610 (OP)
Nothing will happen you delusional bag holder

>>60771128
Turn on the White

>>60771037
>it generates hype and visibility, it cements prestige as a professional viable serious project.
I agree that it generates hype, but only at the retail crypto gambler level, which is/was more or less not required for Chainlink seeing as even during the bear market they were still the darling of Swift DTCC etc. It seems to me like now they have already built the systems for these institutions to go live, and so they are ready for dropping the hiding strat and finally start the REAL normie marketing (i.e. pumping the token price).

>>60770179
Confirmed retarded

>>60771037
The project isnt dependent on the token price at all right now so sergey doesn't care with a reason
Token price only matters when real staking is live
Its all speculative until then