It’s going to be illegal not to use Chainlink
It’s going to be illegal not to use Chainlink
if this PROOF act makes scamming with crypto harder, it'll never pass
Glad I have a make it stack of 52.
FUCK NOO I DIDN'T STACK UP ENOUGH LINKIES
okay, but... price? and uh, chart?
Imagine not buying LINK at $12. I’m so much better at investing than most folks
Where in the bill does it mention Chainlink?
I'll wait
I already know what the bagholders are going to response with...
they're not going to explicitly mention Chainlink in the bill, it's going to be a white label solution!
Wake up, morons. This is another one of Chainlink's grifts. Whatever the hot button item is of the day, they try to latch onto it and say, "Chainlink solves this!"
Going on 8 years of this nonsense
they are going to shut down global trade again but this time for good and usher in 10,000 years of balkanization and an age of warlord kingdoms administered by regional blockchains united throughout the realms into some type of Golden Record
and LINK will be like only 3 silver coins
It just makes the scammers pay tribute to the ultimate scammer, sergay, for his proof blessing
Retard ofc they dont say YOU NEED TO USE CHAINLINK
You are only required to have proof of reserves and other things only Chainlink does :^)
The bagholders are incapable of thinking rationally. They'll lick up everything Chainlink Labs tells them. Sad really.
I actually predicted this years ago when taking heavy amounts of mushrooms. Centralized exchanges will have to adopt the PROOF act if they want to operate within the US. This means you're either going to see loose regulations/enforcement like the STOCK act or youre going to see less established centralized exchanges around.
Why is consumer confidence so low?
I think there is a great optimism.
i believe
I can confirm the president is in very good shape
UwU
is the president eating less mcdonalds
bitch the ECONOMY
They will use chainlink regardless of their "choices"
Companies are not going to senselessly waste money on experiments they dont care about. Nobody cares about blockchain they only want it done.
Google how big Ford's model T was in market dominance at the height of it's innovation. Between 1915 to 1925 it owned 60% of the entire auto industry, leaving competitors like GM and Dodge with 5% each.
You're going to see Chainlink dominate 70% of the competition and leave competitors like wormhole and others fighting over the remaining 30%.
"The Automobile Industry, 1920–1980" by George S. May
"Ford: The Times, the Man, the Company" by Allan Nevins (1954):
Economic History Association (eh.net)
Once again asking:
consumer sentiment down
yields up
dollar down
China raising tariffs
indices pumping
CAN SOMEONE EXPLAIN WTF IS HAPPENING?
I can explain that you're in the wrong thread. This isn't /smg/.
US CUSTOMS ANNOUNCED
System for tariff exemptions on freight ships is glitching the fuck out
cnbc.com
THAT NIGGER TRICKED ME
There's no trade war in the United States
I made a funny
no tarriff news
market pump
WAT
I WAS ABOUT TO FINALLY BUY IN
Why is consumer sentiment so low?
The american people have a high confidence in this administtration they overwhelmingly voted for president trump
Ok then
intentional misdirection. Good luck boys see you at 1000 USD
oOoOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
kek so this was the "proof of" bill that Sergey was talking about two weeks ago
Where in the bill does it mention Chainlink?
it doesn't
and fyi to all the retards here, US bills don't mandate a fucking vendor lmao holy shit people here are so dumb and inexperienced
also, proof of reserves have nothing to do with the funding token
Retard ofc they dont say YOU NEED TO USE CHAINLINK
this doesn't work anymore
last cycle was the last time the breadcrumb thing worked
poor guy, you're a one trick pony
proof of reserves is a feature that requires the token, dumbass
Alright, I'm new to crypto and just want to know, can you use chainlink without using etherium?
Companies are not going to senselessly waste money on experiments they dont care about
Hahahahahahaha i can't tell if this guy is trolling or just that dumb
every single major tech company has wasted money on experiments... a few quick ones
google glass
facebooks metaverse
theranos' entire company was a failed experiment (just like chainlink)
amazon fire phone
Google how big Ford's model T
the main difference here: the cars existed (the entire company wasn't powerpoint slides about IMAGINING the future)
market dominance
and yet the largest asset manager in the world (blackrock) is using a competitor...
i have to at least give you props for trying out a new analogy
i guess you got tired of saying link was amazon? that one can get a little cliche
proof of reserves is a feature that requires the token, dumbass
does it say that in the bill?
what page?
also how is chainlink providing these services now and getting paid offchain?
Here's a better question to ask them because they cant answer
how do you exchange tokens from different blockchains without the use of smart contracts, and why are sushiswap and pancakeswap proof of concepts
If I had Token A and wanted to pay for a service that only accepts token B, how does this happen without the use of a centralized exchange?
they can't directly answer it without skirting around it
you can read the documentation here:
chain.link
in what
that's not a link to the proposed regulations
you're getting mixed up with a bunch of buzzwords your cult posted kid
my question was, where in the government bill does it say you need a token?
fyi to all -- this is not a new bill... they are essentially retrying the one from '23 which is here: congress.gov
it basically says an accounting firm needs to sign off on your assets
a government bill is not going to specifically dictate the use of a private company's token. that's not how it works.
Token sneeded sorry
It's easier to just sift through the bullshit and get down to the facts
(1/2)
Who Would Likely Use What with the PROOF Act
The PROOF Act’s PoR requirements favor oracles with robust security, real-time auditing, and TradFi credibility. Here’s how services might align with Chainlink or competitors:
Chainlink:
Likely Users: Major custodians (Coinbase, Kraken), stablecoin issuers (Tether, Circle), and tokenized asset platforms (BlackRock’s BUIDL, Franklin Templeton). Banks entering crypto (JPMorgan, Goldman Sachs) also fit, given Chainlink’s SWIFT and DTCC pilots.
Why: Chainlink’s PoR secures $8.5 billion in assets (e.g., Paxos, TrueUSD), supports 20+ chains, and offers AML/KYC data. Its 70% oracle market share and $50 trillion in enabled value scream reliability. For BUIDL ($1.87 billion AUM), Chainlink’s NAV feeds and CCIP handle cross-chain needs, making it a no-brainer for regulated entities.
PROOF Act Fit: Perfect for real-time, on-chain PoR across public/private chains, meeting strict compliance needs.
Pyth Network:
Likely Users: DeFi-heavy exchanges (OKX, Bybit), perps platforms (dYdX), and Solana-based custodians (e.g., Serum-adjacent projects).
Why: Pyth’s 400ms feeds suit high-frequency trading and DeFi, securing $1 trillion in volume. Its speed and 84-chain reach appeal to crypto-native firms, but it lacks Chainlink’s TradFi heft.
PROOF Act Fit: Good for DeFi-focused custodians needing fast PoR, but less ideal for banks or multichain funds due to limited non-financial data.
Band Protocol:
(2/2)
Likely Users: Smaller exchanges (KuCoin), regional DeFi platforms (Cronos), and gaming dApps needing basic PoR.
Why: Band’s low-cost feeds work for budget-conscious projects, but its 5% market share and weaker security (fewer nodes) limit it to niche players.
PROOF Act Fit: Viable for lightweight PoR on non-EVM chains, but risky for high-value custodians due to scale constraints.
RedStone:
Likely Users: Tokenization platforms (Securitize clients), layer-2 DeFi (Morpho, Pendle), and emerging asset custodians (e.g., Bitcoin staking protocols).
Why: RedStone’s tie to Securitize (BUIDL’s partner) and $6 billion TVL make it a dark horse. Its modular feeds suit new assets, but it’s less mature than Chainlink.
PROOF Act Fit: Strong for layer-2 PoR or niche RWAs, but not yet a go-to for major custodians or banks.
Tellor, API3, DIA, WINKlink:
Likely Users: Tellor for DIY DeFi (small lending protocols); API3 for insurance DeFi (Nexus Mutual); DIA for community-driven dApps; WINKlink for TRON-only custodians (e.g., JustLend).
Why: These are fringe players with specific niches—Tellor’s flexibility, API3’s direct feeds, DIA’s transparency, or WINKlink’s TRON focus. None match Chainlink’s scale or TradFi ties.
PROOF Act Fit: Marginal. Tellor’s latency, API3’s low adoption, DIA’s limited enterprise use, and WINKlink’s TRON lock-in make them unlikely for major PoR compliance.
Broad Takeaway: The PROOF Act pushes custodians toward oracles with scale, security, and regulatory alignment. Chainlink dominates for TradFi (banks, BlackRock) and large custodians, capturing 60%–70% of use cases. Pyth and RedStone split DeFi and layer-2 niches (20%–30%), while Band, Tellor, API3, DIA, and WINKlink scrap for 5%–10% among smaller or specialized players. In-house PoR (e.g., Binance’s Merkle trees) could compete, but the act’s on-chain bias favors oracles like Chainlink.
Tellor, API3, DIA, WINKlink
i figured these were all vapor ware at this point
and pyth isnt gaining too much traction on its own scam chain
there really is only redstone as a link competitor right now and that one is quite unknown to the wider public just like link
I WAS ABOUT TO FINALLY BUY IN
sure you were
Overall: Blockchain will likely grow 25% annually through 2030, hitting $1 trillion in economic impact (PwC). Oracles will be the glue, with Chainlink’s 70% share giving it a head start, though Pyth, RedStone, and others will chip away at DeFi edges.
Long-Term (2030+):
If blockchain hits $1 trillion impact and Chainlink keeps 50% oracle share, LINK could reach $150–$200 in a hyper-adoption scenario (1 billion users, tokenized everything). But $1,000 is unrealistic—$213 by 2030 (Stealthex) needs a 20x market cap jump ($150 billion), unlikely without global crypto dominance. Downside risk: regulatory clampdowns or tech disruption (e.g., quantum oracles) could peg LINK at $10–$20.
Speculative Take: LINK’s price will likely climb to $30–$50 by 2030, driven by PoR mandates and RWA growth, assuming Chainlink fends off Pyth and RedStone. Blockchain’s rise will amplify oracles, but LINK won’t moon to $1,000 without unprecedented adoption. Volatility (6%–10% daily swings) and macro risks cap short-term upside.
Final Thoughts
The PROOF Act makes Chainlink the top pick for major custodians and TradFi due to its scale, security, and partnerships, covering 60%–70% of PoR use cases. Pyth and RedStone will grab DeFi and layer-2 niches (20%–30%), while Band and others limp along (5%–10%). Blockchain’s future—$10 trillion RWAs, mature DeFi, AI contracts—will lean on oracles, boosting Chainlink’s utility. LINK’s price could hit $30–$50 by 2030, but competition and regulation temper moonshot hopes.
nobody wants to read your stupid chatgpt output bro
See people can't directly address it
LINK’s price will likely climb to $30–$50 by 2030
HOLD FOR ANOTHER HALF DECADE FOR A 3X MARINES (IF YOURE LUCKY)!!!
It really does hinge on if the globohomo society can successfully force this shit down our throats
a government bill is not going to specifically dictate the use of a private company's token. that's not how it works.
i already said that above
no where in the 2023 bill is there anything about having to use a token
facts
what facts did you post? you got some ai put together buzzwords from twitter, congrats
everyone is so pathetic these days, can't even take 10 minutes a read a bill
speaking of... is it even released yet? i can't find the '25 bill
Okay so whats your argument other than baiting and dodging. Do you see the future not being so blockchain dependent?
Wait, is this peter schiff?
Chainlink’s 70% share
share of what? are you saying they already have 70% of proof of reserves business?
if so, that's a concession it does nothing for the funding token right?
Oracles will be the glue
classic empty metaphor
the shovels too right?
LINK could reach $150–$200 in a hyper-adoption scenario
why would price go up if market share goes down?
The PROOF Act makes Chainlink the top pick
what???
again, the bill will not name a company
also you'll want to factor in acccounting firms creating their own solutions if cl gets too expensive for them
they do this with other auditing type products
See people can't directly address it
i've undressed it
where does your bot pull from by the way?
It's a real problem, but it's a built in problem with decentralization. Standardization is key to easy access. Cross chain swaping is a necessity if you are diversified and holding many different interesting coins in different chains. Smart contracts can only do so much, and then they're is the problem of having two contracts void parts of other contracts out. Which smart contract is correct if you're swapping cross chain?
Smart contracts can only do so much, and then they're is the problem of having two contracts void parts of other contracts out. Which smart contract is correct if you're swapping cross chain?
there's only 1 smart contract dude, lol
it's pointless to talk about link on biz today, the board is full of morons
Okay so whats your argument other than baiting and dodging
going back to the topic of this post, i find it ridiculous that the cult is trying insinuate an act requiring transparency will somehow benefit the link funding token
it's really sick how they lead people on like and if i can wake up even one person it's worth it
they're fleecing people
chainlink latches onto whatever is in the news that week.... ai, banks crashing, tariffs, inflation, whatever
Do you see the future not being so blockchain dependent?
that's a good question, i'm undecided and every year becoming more skeptical as most of the space is solving problems that dont exist
the underlying tech will change some things, give us some marginal efficiency over today's systems but most altcoin cults will get rugged hard
hopefully the cl team does some prison time
utility altcoins were a way to raise free capital for startups without giving away equity
i find it intellectually lazy when people say "xyz is the future" and leave it at that
i think a lot of idealists went into crypto and they think this technology is going to change everything and create some bullshit utopia state
that's the 2023 bill
ctrl f oracles
ctrl f token
ctrl f coin
ctrl f nigger
chainlink latches onto whatever is in the news that week.... ai, banks crashing, tariffs, inflation, whatever
THINKING BACK ON THE LAST 5 YEARS, THIS IS SO TRUE. I THINK IT REALLY KICKED INTO HIGH GEAR WITH THE SVB DEBACLE
I'm not in favor of blockchain solving everything, but it would be naive to assume that this stuff isnt being pushed down our throats.
grandviewresearch.com
precedenceresearch.com
The global blockchain technology market size was valued at USD 27.85 billion in 2024. The market is projected to grow from USD 44.29 billion in 2025 to USD 746.41 billion by 2032, exhibiting a CAGR of 49.7% during the forecast period.
Source: fortunebusinessinsights.com
fuddies in shambles lmao
thats it, im selling my xrpoo for link
fucking paid indians posting in XRP generals really got me
Last screenshot
please
stay mad for being wrong