Yeah it's certainly a possibility. Though I'd say a rogue dev is just as likely.

People are really into this stuff and do heavy digging. they have alerts set up that can get triggered. Especially for liquidity pools like crv and balancer etc. every project i've ever launched is discovered by random people before i even post about it anywhere on the internet. it's weird.

there's huge % apr's to be made right now if you have capital to do so. the curve dev is plugged in, doesn't seem wise since he has access to consensys resources to cast fud on his project given the heavy institutional interest in crv

Except the second guy talks about a rogue person who discovered it, presented it to Curve, and they called it a scam. Until it was convenient for them to present it via third party seems very probable.

i haven't kept up with it fully but from what i gathered he just deployed the code and since there's no admin s*** going on it didn't actually matter who launched it. he was able to 'premine' some CRV doing this but nothing else.

then the contract gained steam since it's all 1st mover bullshit so people go into it without confirmation and before the real team was able to launch it themselves.

and as critical mass can rapidly get reached they just kinda had to go with it. they checked the code and found it to be unchanged so they bit the bullet. this launch had a hype built into it for weeks too btw so people were waiting and it's hard to put the genie back in the bottle.

an inside job or someone they know is just as likely though obv given the anonymity

Shoutout to all my HODLer fam

Wish i hadnt sold a chunk of my holdings in late 2019, but oh well i guess

Haven't done any trading/orders in a nearly a year. Hopped on Binance earlier today since my portfolio has been doing well and decided to invest in 3 cheap alts. Excited to see if they do anything over the next few months

Just last year folks on the internet were still talking bout "Chainlink is a huge scam" and whatnot. All the major crypto communities on reddit were fearmongering about it at the beginning of this year when it hit $4.00

Smh

Edit: Just google'd "Chainlink scam reddit" and people are still trying to say it One of the top r/cryptocurrency posts of the week is about LINK/USDT overtaking BTC/USDT on Binance. Comments are full of people mad as hell

lol 4chan oldfgas like myself wage information warfare against reddit normies fudding link on purpose in order to suppress the price

now they are in shock and can't believe they missed out on the best investment of this cycle and we wouldn't have it any other way

Listen I genuinely care about KTTers financial well being. Its hard as s*** to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to f*** you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

all you need to know is aBunch of 4channers tried to force it as /ourcoin/, during the presale ico phase of chainlink there was a minimum requirement of 300eth to enter the presale. Bunch of anons pooled up together and shared presale links to fill them with their eth.

Coin continued to get shilled and pumped up and hyped for the sibios event that link was attended, whole event turned out to be a flop chainlink had a presentation in a room of like 18 people next to the public toilets, literally no news or partnership came from the event and the coin dumped back to below ico prices and created 1000's of bagholder anons.

Now during this alt bull run lots of anons and took advantage of this and shilling this coin to all the new money and newfags that joined in december and don't know this story.

The coin is HEAVILY manipulated and the supply is dried up from huge whales who accumulated below ICO price to create a artificially lower supply (a lot like REQ) and these people have so much room to dump on all of you s to still be in profit when the time comes.

In regards to actual project that chainlink aiming to achieve it's nothing more than a basic json parser for smart contracts, would take like a day to add to ethereum by itself.. literally making links whole concept pointless and definitely no need for a token. Would take a lot longer to get it working with bitcoin but the bitcoin core devs would be able to work out the solution a lot quicker than chainlink will, think that's something worth noting that literally nothing is completed and you're literally just buying a whitepaper, they have only 2 developers and they don't communicate at all with no proven background on either, in fact sergey was involved in a project before chainlink called NxT that he since been abandoned until it was took over by a new developer team

I'm actually more qualified to talk about this than most KTT posters. I'm employed with a cyber-techno machinations company, I do a lot of security a***yst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more value over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates banks, and traditional data providers. But actual companies, businesses, and investors do not. There's an old saying you might have heard of: "If it ain't broke, don't fix it!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency called Chainlink, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink is trustless!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that is trustLESS, they want something trustFUL. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit. Happy gambling though anons.

which ones did you buy bro?

Lol whats hilarious is that 4chan was doing that with LINK when it was still below $2.50 Ever since it hit $4, it's been extremely stable and has largely stayed around every major increase its gone thru for a decent amount of time ($4 to $6, $6 to $9...and now its biggest jump this week from $9 to $12 to $17).

And through all the months of plateaus and spikes, dumbass redditors have been repeating the same /biz/ propaganda from 2 years ago

These people will look at this ~8 month history and then actually say "don't waste your money, it's a PnD" every time it jumps a $1

Well my BNB holdings have apparently been feasting over the past year lol so I decided get some stuff on the /BNB market.

Grabbed some more TRX since i only had a little bit in my portfolio.

And then I got 2 super cheap alts that seemed interesting to me: MBL and BTT. I bought some MBL cause I care about the core market philosophy behind it — and I bought some BTT because it sounds like it has a chance to move (even if its just little bit); the whole "earn for seeding, pay tokens for faster transfers" idea sounds good to me, and BitTor's streaming platform (cant even remember the name rn haha) looked kinda interesting too. (From what I read, I'm assuming it's like their own version of Plex mixed with Twitch?)

@RASIE they are like battered housewives bro they will come up with any excuse to justify to themselves why they can't look at projects with a neutral perspective. that's why they're always emotional bagholders too

link might crash but it doesn't matter people are so deluded and convinced it has solved the major computer science problems facing blockchain that it has created a whole new set of LINK maximalists

now these maximalists are become a superclass of new wealth. they were the memers and undesirables of the internet. it will be interesting to see what happens next.

4chan will always have the last laugh over an echo chamber like reddit or twitter because 4chan is true anonymous freedom of speech much like what the blockchain and decentralization sets out to do.

LINK has a community hivemind approach of people actively researching every new development and scrutinizing every piece of its tokenomics. Nearly every project that has been posted on /biz/ has failed this Socratic method and it became increasingly clear 2 years ago that LINK was the 3rd pillar of relevance. Store of Value = BTC, Smart Contracts = ETH, Data for smart contracts = LINK

in theory everything is DATA for Smart Contracts and therefore LINK can relegate all other projects useless. there are people that believe LINK will gobble up ETH and relate ETH to nothing more than a base layer protocol for LINK

and possibly even one day's BTC's marketcap. aka LINK $1,000

here's what i mean

what do i personally believe? i know nothing and just along for the ride and the memes lol

please sell all the TRX it's one of the worst s***coins there is you are actively funding the Chinese Communist Party and organized crime there too

BTT was sadly also bought by Justin sun and i guess he f***ed over BitTorrent pretty badly

Yup! The only reason I first bought into LINK 2 years ago at under $1 was because of smart contracts, and all the stuff the LINK hodlers were sharing about how Chainlink could potentially become a standard tool for Ethereum networking because of smart contracts.

I'll admit I started doubting after a year of basically nothing (and esp after that huge, long post-$18K BITC crash). But it feels good to have one of firsy crypto investments pull through so nicely overtime.

And im sure LINK will have a corrections/post-FOMO dip (likely soon) because of this recent price doubling. But i honestly dont see it actually crashing. It's been super stable at its major intervals ($2.20, $3.00, $4.15) for a long period of time, even while most other big tokens had multiple plummets.

I can see it going back down to $8-$10 (at the most) for a while, but I'd be really surprised if it fell back down below $7 anytime soon — barring some kind of crazy overall market crash again, I mean.

Damn can you link some info about TRX and that stuff?

One of the reasons I bought BTT was because it's on TRON's network and i already had so much of that

@0 I was also looking into ATOM, ICON, and DAI, but havent decided to buy any yet.

Contemplating buying more ZRX and BAT tho since they're still pretty cheap...

cosmos and bat are both good projects. i especially like bat and have been a huge advocate for a few years. zrx is pretty good too but it's not a good sign that it hasn't become a staple in defi for eth. i'm not a huge believer in any of these types of protocol layers. eth needs to just release 2.0 already. dai is a stablecoin created through mkr so it's not really an investment much as a way to hold $

if you are more looking at legacy projects i suggest Bancor BNT who is releasing their own uniswap with liquidity pools basically

and Augur REP which has released its 2.0 finally after years

or REN which is being used to add BTC into defi

most pre 2019 coins are s*** if they have not delivered on their hype now. even cardano has finally released shelley lmao

Thanks for the info. Will look into these

Are the normies still criclejerking XRP?

No cause idc for plebs

Jai Paul the goat btw