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Thread: On #chainlink/ #link/ $link...
So I was originally fascinated by the link project and rode the momentum from bout $3.50 to $17ish. But frankly I don't plan on buying back anytime soon or unless it begins to seriously outperform the rest of the cryptomarket...
Thread: On #chainlink/ #link/ $link...
So I was originally fascinated by the link project and rode the momentum from bout $3.50 to $17ish. But frankly I don't plan on buying back anytime soon or unless it begins to seriously outperform the rest of the cryptomarket...
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Why?
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Theres just a number of problems that seem too large to ignore, especially given that the project's market cap is so large at this point that the room for pure speculation is increasingly limited....
Why?
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Theres just a number of problems that seem too large to ignore, especially given that the project's market cap is so large at this point that the room for pure speculation is increasingly limited....
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A few issues:
1. Real W Utility is limited as long as Chainlink operates solely off the ethereum ecosystem which simply cannot and will not scale until 2.o is released TBA.
2.Tokenomics? there seems like a fundamental contradiction between constituent interests?...
A few issues:
1. Real W Utility is limited as long as Chainlink operates solely off the ethereum ecosystem which simply cannot and will not scale until 2.o is released TBA.
2.Tokenomics? there seems like a fundamental contradiction between constituent interests?...
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... Investors obviously want higher #chainlink prices --- But higher $link prices will seriously limit the market share willing to use chainlink APIs, right?
Could be wrong about this but if the subsidy narratives are true then Im likely correct.
... Investors obviously want higher #chainlink prices --- But higher $link prices will seriously limit the market share willing to use chainlink APIs, right?
Could be wrong about this but if the subsidy narratives are true then Im likely correct.
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3. the oracle problem is currently addressed by brand name third parties, trusted insurance brands, etc.
Chainlink self selects their own API inputs so I don't understand how the project is particularly revolutionary as far as real world solutions are concerned.
3. the oracle problem is currently addressed by brand name third parties, trusted insurance brands, etc.
Chainlink self selects their own API inputs so I don't understand how the project is particularly revolutionary as far as real world solutions are concerned.
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4. The total lack of transparency is sorta a non-starter. Its hard to take the project seriously when chainlink team seems to dump on the market while also doing everything in their power to avoid detection. Its objectively much more suspicious than anything ripple does.
4. The total lack of transparency is sorta a non-starter. Its hard to take the project seriously when chainlink team seems to dump on the market while also doing everything in their power to avoid detection. Its objectively much more suspicious than anything ripple does.
Would be interested in hearing anyones thoughts. Always open to changing my mind.
