Chainlink valid complaint thread

Question

Chainlink valid complaint thread

Not for baseless fud, but for us stinkies who have held forever and have some valid criticism at this point.

For me, two main things:

1) I have made a lot of money from investing in LINK early, but now I have roughly $700k in an asset that only yields me 4.32% and though the prospect of appreciation exists, so does the prospect of depreciation. 4.32% on a highly volatile asset feels bad. Caveat: I am affected by my age (not 30, but 40) and I need to be putting my money to work at this point.

BUILD - this is probably my #1. Over 2 years of promises and fucking nothing. Kind of linked to the yield issue. Not that I would have done anything different, but my expectation after over 100 tweets of them saying "rewards coming to stakers" was we'd get reward and that would patch the yield. Instead, nothing & complete radio silence on it. And the radio silence part is actually somehow MORE aggravating to me than the lack of rewards themselves.

What are your legitimate beefs, fellow stinkbugs?

if trump hadn't turned his head a tiny amount, we would be in for permanent democrat uniparty rule and choke point 2.0 would literally never end.
we were less than an inch away from the vantablack swan, crypto never pumping ever again.
but it didn't happen. if you don't believe in miracles and God, you're an idiot.

Insider here, Sergay committed suicide, it's over

4.32% will look really based when they lower interest rates (inevitable this year or next)

For your first point, whether or not 4.32% on a volatile asset is enough is a personal question. It might not be enough for you and while LINK is up YoY there are stronger performing coins. For most of us though we primarily baghold LINK because we're speculating long term on the network and staking is just a nice plus.

For your second point on BUILD, I think this is a midwit trap (no offense). The regulatory environment we're in basically precludes the possibility that BUILD rewards will be given out any time soon. Until we see regulartory clarity for shitcoins don't expect anything from BUILD. I think it's fair to be mad at the team for not disclosing this explictly but it's dumb to genuinely expect BUILD rewards in a timely manner.

Why do you faggots keep saying vague shit like long term hold? What is considered as a fucking long term? Certainly you don’t mean 10 years+ unless you’re trying to cope with some shitty investment choices

And link will still dump…

Yes, a long term hold as 10 years+. I've been holding since 2017 so LINK has already made me a millionaire. I'll probably sell like half over time and reinvest in other stuff but the other half is staked and that will be held indefinitely and earning interest.

Do you have long term holds or are you perpetually blinded by your high time preference simian lobes? Fucking freak.

The regulatory environment we're in basically precludes the possibility that BUILD

They're based in the fucking Caymans who fucking cares? Worst case, IP block burgers, and the smart ones will use VPNs.

Caymans

Imagine recognizing that BUILD rewards are a regulatory nightmare and not connecting the dots that Sergey knew this and used it as a carrot dangle anyways.

That, or you have to admit the team promises things with absolutely no research or intention to follow through.

I'll let you pick.

this.

it isn't so much that we aren't getting them, it's that it has made it clearer that we were lied to.

as this is a valid complaint thread,
i would like more clarity over le dumps.
considering it is truth over trust, and they do a thing called proof of reserves (doesn't really prove anything but that's besides the point for the moment) which is kinda tangential, would be nice to know how many of the 400 million left are for eco-incentivising or for capital allocation and so forth... because the way things are it gives the impression that it's just dump as many as we can and figure out a story about it later.
imagine the price action if they said there's only 80 million left to dump and the rest will go for eco-incentivisation.

sidenote but also a valid complaint thread.
get rid of the avocado / shills.
they've been dreadful for the whole thing. they have no intelligent responses for the fud.

this,
in the very best and most charitable case he was and still is being a deceitful lying fatass. the fucking opacity of a company that allegedly deals in trust and the fact that they have not realized and addressed this is embarrassing but only from the holders side. it seems sergey himself has no shame and the company leadership has zero introspection.

Agree with paid shills. I kind of wrote off the dumping thing years ago. Either we are smart and a billion tokens fractionalized into 18 decimals still appreciates from here with full scale adoption or we were retarded and bought something way too supply heavy to begin with. I need to accept my choice and back of the napkin math I did when evaluating the use case.

That being said, we are the cucks of the speculative casino - LINK probably has the worst speculative multiple in all of crypto by a LONG shot because it's legitimately a top 3 in terms of true adoption yet the rank/mcap doesn't come close to reflecting that.

Yes, I want to believe they just deprioritized it because fuck us anyway, right? But I would have been happier if they just came out and said "listen, BUILD rewards are just not important right now - the people that will please just are not important to us. We're focusing elsewhere and we'll deal with that if/when it makes sense". Versus the constant "AND NOW SHITCOIN NUMBER 8 MILLION AND FOUR WHO WILL GIVE SOME RANDOM % OF THEIR SHITCOIN TO ECOSYSTEM INCLUDING YES YOU THE STAKERS! YES, YOU!"

Did you guys know more than 20% of those shitcoins are already defunct? And big ones like TRUF have tanked since TGE and will never recover. We're losing money before we even get to touch it, and nobody has said a peep about why.

staking does not exist
staking n'existe pas

BUILD rewards are delayed due to regulations.

This line gets thrown out a lot and I think it has no basis in reality. Chainlink Labs is a registered company. Companies have assets and liabilities. Sergey's LINK stack is an asset of Chainlink Labs. Companies make deals with other companies. Like the BUILD program for example, is many buisness deals with many companies. Chainlink Labs gives services to these companies in exchange for their assets (tokens).

Once those tokens are property of Chainlink Labs, they become no different in the eyes of the law than the LINK which is paid out to stakers right now. If regulations were the issue, CLL would not announce they are actively building a claim portal.

My guess is that they're building something very streamlined so that stakers can elect to swap everything to USDC or LINK with minimal gas fees etc. Think about it, 100 tokens each requiring gas fees to redeem. They could've made it simple and expensive for stakers and then you all would be bitching about that.

Enough with the crocodile tears. BUILD was announced in September of 2022 and Operation Chokepoint 2.0 was kicked off in January 2023, about four months after BUILD was created and about a month after the second round of staking opened. The regulatory crackdown came after BUILD was announced. Posting about how hurt you are by Sergey not delivering on BUILD rewards is the most performative bullshit yet from fuddies and demoralized nulinkers. Between tradfi integrating Chainlink and AI ingesting Chainlink data it has to be the smallest of the carrots he's dangling. He LIED lmao get a fucking life.

then why am i makin money every month doin jack shieeeet bitch

kinda. the current staking system is a simulation of staking. the rewards are also a simulation. real staking income comes from jobs with service level agreements implemented as smart contracts. I want to hear more about that aspect of staking, since that's theoretically what our staked LINK tokens will be occupied with in the future

well ackshually it's not real staking it's a simulation you see

ok incel nerd

blah blah blah blah blah its all you fucking people can show after a decade every time there's some new fucking excuse

BUILD was announced in September of 2022

yeah. it fucking was. check the calendar you abominable turbo nigger de las americas.

Anon, I'm staking tens of thousands of LINK and I'd get what, an extra 1-2% from BUILD rewards on top of the 4.32% I'm already earning? I don't care about not receiving the sprinkles I was promised on my sundae.

kek u stink links literally said BUILD rewards were gonna sell for 6 figures alone

did you forget to change your ip anonpai?

lmao not me. I think stinkers understood that most BUILD rewards would be from projects that faded but that there might be one or two that did well. Someone should create a chart for the cumulative market cap of BUILD tokens.

this is what stink links do
they spam the board 24/7 with nonsense about how great CCIP / BUILD / staking / some other feature is
then when that feature comes out and it's a dud, they do damage control with "heh, the smart people like me never believed any of that" (but funny how you were never around to debate that with the stink links when it was happening, huh)
this is why the board hates you
THIS IS WHY THE BAORD DESPIESES YOU

Fat load of crap. Sergey lied people applied (to jobs because the fat scammer couldn't even mange to orchestrate an exit scam pump.)

sergey lied
i applied (to McDs)

How are there still threads with a chart like link has.? What You people doing with your lives?

this is it man
you're looking at it
this is our lives
this is what we do

this is what stink links do they spam the board 24/7 with nonsense about how great CCIP / BUILD / staking / some other feature is

You're either completely delusional or you're a bot at this point.

but funny how you were never around to debate that with the stink links when it was happening, huh

And if I had been then maybe you wouldn't have lost a bunch of money buying LINK, I could have protected you from financial loss with my words. I guess that was pretty selfish of me :)

You're either completely delusional or you're a bot at this point.

I'M NOT FUCKING DELUSIONAL
I WAS HERE
I SAW THE SHILLING
I SAW THE PEOPLE SAYING BUILD WAS BETTER THAN SLICED BREAD
you disgust me

based

You're delusional because you think linkies spam anything on Anon Babble other than fud. The only thing shills are guilty of is replying.

that's wrong. stink links exist in a perpetual state of both baggie and fuddie. they shill as much as they fud. at this point, they do it all. that's how they keep link discussions going. taking up both sides of the debate. what better way to control what goes on than to control BOTH sides

i am mad that i gave this man my dollars, my trust, and my soul as a stinky saturnist cultist and all i got in return was the keys to financial independence and generational wealth. the gall of this man. this "team" to bring hope to the masses that they could profit off the next phase of global commerce and not pulling it off within 5 years knowning full well the banking system runs off 1970s era tech is outrageous. i submit before you today that you should be outraged that your four figure investment has not saved you from your own life choices. let us pray

stink links exist in a perpetual state of both baggie and fuddie.

This is true but it's now bifurcated between millenial cultists on X and zoomer nihilists on Anon Babble where before they were in the same place. Shills on Anon Babble today are courageous and handsome heroes and the fuddies are shit eating conformists.

There is no actual apy yield on chainlink. The Inflation rate is 14% per year so by staking you are actually losing 10% per year, if you hold link and are not staking you are losing 14% per year.

The staking "gains" come right out of your own pockets, since they are just inflating the supply.
The 4% you think you gain, is actually coming at the expense of price appreciation.
You wouldn't need any staking if the tokenomics were not broken, you would be gaining much more wealth than 4% if the token appreciated in value due to usage and demand.
It's all a sham

There is no actual inflation on chainlink. All of the tokens that will ever exist already do. When Sergey sells 700k tokens to fund his diet they are not "entering circulation" anymore than tokens sold from any other wallet.

the apostle spoke. and they hated him; for he spoke the truth

That's just pilpul anon. New tokens entering circulation is inflation.
That's like saying the government dropping helicopter money on everyone is not inflation if the cash was already printed and came from a federal reserve warehouse.

Everyone accepts that bitcoin has inflation based on the algorithm, it used to have high inflation and now it's low.
Chainlink will have double digit inflation for the next 5+ years

kinda. people bought bitcoin during its high inflationary period because they knew the supply is limited. uncapped inflation is a different beast

pilpul- noun. a method of disputation among rabbinical scholars regarding the interpretation of Talmudic rules and principles or Scripture that involves the development of careful and often excessively subtle distinctions.

inflation-a general increase in prices and fall in the purchasing value of money.

double digit inflation- noun [ U ] ECONOMICS. an increase in prices at a rate of between 10% and 99%

translation: rabbi anon cares deeply for your financial wellbeing and would never mislead you with jewspeak

New tokens entering circulation is inflation.

They're not new tokens, they're just sitting in Sergey's wallet and he distributes these tokens to node operators as he sees fit. The total supply remains the same. Are the tokens in bagholders' hands not in circulation either because they're never selling? Dollars can be printed indefinitely and are, BTC that hasn't been mined can't be sold or given away at will, Sergey's LINK can.