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Posted (edited)
8 hours ago, Mr_X said:

Ha! Ok. This is the "Alt Coins and General Fintech" discussion, correct?

Yeah, we're fine.  We have not violated any rules. 

(To be honest, I would not want this to be discussed in the general forum.  It would get too many views.  :D)

If both of us had new accounts, we might have a problem as many people on XRP Chat judge the quality of an idea based on how new an account is, how many points they have,  and/or if they have a badge.  There have been some great discussions on XRP Chat as posts cannot be down voted, but they are definitely in the minority.  People on here do not handle criticism of Ripple or XRP too well.  And there are many maximalists who do not take too kindly to the discussion of other serious projects.  I don't think any this applies to the moderators, but it applies to some of the members who regularly post.

I agree the misinformation campaign around Chainlink is similar to Ethereum.  Whether Chainlink has the same outcome is of course unknown.  

And I was wrong about the misinformation campaign.  It looks like some in the LINK community are continuing to play mind games on r/cryptocurrency.  :D  Though they tend to be in the low effort, cringe worthy shill posts so the OPs deserve the comments and downvotes.

Edited by Sebastian

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Posted (edited)

I hear that! and that's why I have always avoided posting in this forum... I didn't want to be seen as a "noob" even though I've been in XRP since early 2017. I always just enjoyed reading the threads here anonymously. I never thought of myself as a maximalist of anything in this space, but I have held a majority XRP shortly after entering this space for Bitcoin. I follow news and progress regularly and see a bright future for XRP going forward... that said, I will continue to research other projects and ideas in this space.

Anyway, I decided to comment because you were a "ranking" member on this forum and I found myself in the exact same position recently. I by no means expect others to do the same... not here to "shill" anything, everyone can decide for themselves what they want to get behind. I will continue to observe here... and maybe post comments more regularly I guess :) Cheers!

*edit* Oh, and yes, I saw the recent reddit "fud" - pretty funny once you know what is going on... seems some of them just can't stop. 

Edited by Mr_X

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Thanks for commenting on my post as I probably came across as less crazy.  :) 

As it turns out, I actually have decided to leave XRP Chat.  I put in a request to the moderators to have my account deleted.  XRP will still be a significant component of my crypto holdings, but for a variety of reasons it is time for me to move on from this forum.  I will probably still visit from time to time to catch up on XRP news, but I do not plan on creating another account for a long time (if ever). 

Good luck with LINK!  Hopefully you and I made the right decision.

 

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7 hours ago, Sebastian said:

Good luck with LINK!  Hopefully you and I made the right decision.

Sorry to hear that you will be moving on. Thanks and best of luck to you as well... and I think we did. :)

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@AlvaroXRP @Sebastian I recently looked into Chainlink and was impressed with all that I read. I am tempted to invest, but I can't tell if everything I'm reading is reverse psychology or if it is simply an incredible buy right now (and intentionally kept low).

 

Do you really believe this project could be the next ETH in terms of potential price in the next 1-2 years? I've been in XRP since 2017 with the hopes that I am backing a project that will be the next BIG thing, but it is also hyped all the time and has a cult-like community behind it. 

Why has LINK waited until now to list on more exchanges? what kind of upside do you think is reasonable in the short-mid term, and long term? 

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Posted (edited)
On 7/5/2019 at 1:29 AM, XRPboi said:

@AlvaroXRP @Sebastian I recently looked into Chainlink and was impressed with all that I read. I am tempted to invest, but I can't tell if everything I'm reading is reverse psychology or if it is simply an incredible buy right now (and intentionally kept low).

 

Do you really believe this project could be the next ETH in terms of potential price in the next 1-2 years? I've been in XRP since 2017 with the hopes that I am backing a project that will be the next BIG thing, but it is also hyped all the time and has a cult-like community behind it. 

Why has LINK waited until now to list on more exchanges? what kind of upside do you think is reasonable in the short-mid term, and long term? 

I realize that you did not address this question to me... but here's some info to get you started:

The Chainlink team has been mostly silent since the inception of the project. They have been working on "Smart Contracts" (smartcontract.com) and the idea of using oracles since 2014.

As for getting listed on exchanges, they did not even want it listed on Binance... it was listed with out permission of the CL team. Up until now, it was not listed on any US regulated exchanges... enter Coinbase. Imo, this was a big step for the project as it allows retail investors in the US to buy and gets them off of Binance, which come September will no longer be available to US residents. Despite the recent "hype" - the team has never discussed price, tokenomics or engaged in retail hype tactics. They have remained focused on building without engaging with the community. 

While the community is considered by many to be toxic and cult-like... this was all done by design (I can already see eyes rolling here)... but it's true. Many early investors researched and critiqued this project thoroughly and saw the massive potential. The idea was to purposely "fud" it... literally making up stories of scams and ridiculous info and posting it all over reddit, twitter and other forums... and then once mainnet was live, "normies" would filter in and see what they all already knew. So far, it looks like this strange tactic worked (again!) as these were the same people who did this with ETH back when it was .60c. I admit it's an odd approach, but once you know this, researching it becomes much easier. You can filter out the noise and focus on what the team is actually trying to accomplish. It's a highly ambitious project, but if successful, could prove to be one of the most valuable pieces in the blockchain space.

Some may ask... sure, sounds amazing... but will the token even be used? YES. It actually has several functions within the network. Here is a decent thread that sums it up quite nicely: https://twitter.com/cryptofelixleon/status/1140843909091692544

** speculation *** many believe that Coinbase will offer staking to it's retail and institutional base... even if they don't, there are several key players already planning to offer this to holders.

There is a quite a bit to go over, but I would say that this article by one of the LINK OG's (from 2018) is quite an impressive overview of the project and how it fits into the space: https://blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab

White paper: https://link.smartcontract.com/whitepaper

A 2017 'American Banker' piece: https://www.americanbanker.com/news/the-race-to-connect-smart-contracts-to-the-real-world

Here's a recent independent review of the project: https://medium.com/paradigm-fund/chainlink-detailed-review-on-the-project-9dbd5e050974

An MIT review piece: https://www.technologyreview.com/s/612443/blockchain-smart-contracts-can-finally-have-a-real-world-impact/

Use cases (from CL blog): https://blog.chain.link/44-ways-to-enhance-your-smart-contract-with-chainlink/

They have some key advisors in Tom Gonser (Docusign), Evan Cheng (Facebook), Ari Juels (Cornell, IC3 - co-wrote white paper) among others

They have been connected to several partnerships and integrations, including: Google (Google Cloud integration + plus more to come, as confirmed by both Google & CL team), Oracle (will co-develop Chainlinks with 50 qualified startups to prepare them to sell their data to Oracle’s 430,000 customers in 175 countries on the Oracle Blockchain Platform.), Integrated into AWS (via Kaleido), Mircosoft Azure integration via Truffle Suite (more to come with Microsoft in the coming weeks), they have been working with SWIFT for over 2 years (expect an announcement later this year) and they have 40+ partnerships with other well-known platforms and services. 

If you believe that "Smart Contracts" will be a big part of the future of blockchain tech (beyond tokenization)... then the only way to make them "smart" is to have a way of bringing "real world" data into the blockchain in a decentralized way... hence the "oracle problem" - which Chainlink *hopes* to solve. 

Hope this helps! Happy researching :)

Edited by Mr_X

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Posted (edited)

@XRPboi, I think XRP may be BTFO by LINK.  :D  Also, some here convinced me to stick around XRP Chat so I have decided to keep my account for now.  However, I will only be stopping by once a week or so.

@Mr_X and I (as well as other XRP holders) believe the potential for LINK is massive.  Chainlink is trying to solve a totally different problem than Ripple.  Another link I would add to the list provided above by @Mr_X is https://medium.com/@gammichan/chainlink-finding-real-value-on-the-blockchain-86a59cd4bfc3.

Barring a significant development, like Amazon or MUFG publicizing they are using xRapid, I don't see any parabolic price movement in XRP for a long time.  But it is hard to know the future which is why I still have a position in XRP.  Brad and company have totally mismanaged expectations with a lot of hyperbole.  And the XRP community has become a cult filled with lots of delusion where a tweet about eating at McDonald's leads to speculation about if McDonald's is a Ripple partner.

I can't speak to why Chainlink took so long to get listed on Coinbase aside from the fact that perhaps they wanted to wait until after their production launch.  Also, the number of exchanges is not as important as the quality of exchanges.  LINK has the fifth highest "real 10" trading volume in the past 24 hours (https://messari.io/onchainfx) only $10 million behind XRP as ~90% of XRP's trading volume is likely fake (which is problematic if you are trying to use it for cross border payments).

295905566_TradeVolume.jpg.7d9b497b7c5f9b7c5ee17873e436cb03.jpg

The LINK community loves playing mind games so there may be some reverse psychology going on.  At the same time many of the LINK OGs actually do not care if you, me, or anyone else on this forum speculate on LINK as if Chainlink's strategy is successful (a big if), the token will likely skyrocket in value on use case alone.

Edited by Sebastian

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1 hour ago, Sebastian said:

@XRPboi, I think XRP may be BTFO by LINK.  :D  Also, some here convinced me to stick around XRP Chat so I have decided to keep my account for now.  However, I will only be stopping by once a week or so.

@Mr_X and I (as well as other XRP holders) believe the potential for LINK is massive.  Chainlink is trying to solve a totally different problem than Ripple.  Another link I would add to the list provided above by @Mr_X is https://medium.com/@gammichan/chainlink-finding-real-value-on-the-blockchain-86a59cd4bfc3.

Barring a significant development, like Amazon or MUFG publicizing they are using xRapid, I don't see any parabolic price movement in XRP for a long time.  But it is hard to know the future which is why I still have a position in XRP.  Brad and company have totally mismanaged expectations with a lot of hyperbole.  And the XRP community has become a cult filled with lots of delusion where a tweet about eating at McDonald's leads to speculation about if McDonald's is a Ripple partner.

I can't speak to why Chainlink took so long to get listed on Coinbase aside from the fact that perhaps they wanted to wait until after their production launch.  Also, the number of exchanges is not as important as the quality of exchanges.  LINK has the fifth highest "real 10" trading volume in the past 24 hours (https://messari.io/onchainfx) only $10 million behind XRP as ~90% of XRP's trading volume is likely fake (which is problematic if you are trying to use it for cross border payments).

295905566_TradeVolume.jpg.7d9b497b7c5f9b7c5ee17873e436cb03.jpg

The LINK community loves playing mind games so there may be some reverse psychology going on.  At the same time many of the LINK OGs actually do not care if you, me, or anyone else on this forum speculate on LINK as if Chainlink's strategy is successful (a big if), the token will likely skyrocket in value on use case alone.

Thanks for the follow-up! I agree with everything you have said. Is there a roadmap that shows anticipated progression for LINK? 

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1 hour ago, XRPboi said:

Thanks for the follow-up! I agree with everything you have said. Is there a roadmap that shows anticipated progression for LINK? 

No problem!  There is no public roadmap.  The only way to track progress is via Github and Pivotal Tracker.  More details in the link below.

https://docs.chain.link/docs/faq

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14 hours ago, Sebastian said:

@XRPboi, I think XRP may be BTFO by LINK.  :D  Also, some here convinced me to stick around XRP Chat so I have decided to keep my account for now.  However, I will only be stopping by once a week or so.

@Mr_X and I (as well as other XRP holders) believe the potential for LINK is massive.  Chainlink is trying to solve a totally different problem than Ripple.  Another link I would add to the list provided above by @Mr_X is https://medium.com/@gammichan/chainlink-finding-real-value-on-the-blockchain-86a59cd4bfc3.

Barring a significant development, like Amazon or MUFG publicizing they are using xRapid, I don't see any parabolic price movement in XRP for a long time.  But it is hard to know the future which is why I still have a position in XRP.  Brad and company have totally mismanaged expectations with a lot of hyperbole.  And the XRP community has become a cult filled with lots of delusion where a tweet about eating at McDonald's leads to speculation about if McDonald's is a Ripple partner.

I can't speak to why Chainlink took so long to get listed on Coinbase aside from the fact that perhaps they wanted to wait until after their production launch.  Also, the number of exchanges is not as important as the quality of exchanges.  LINK has the fifth highest "real 10" trading volume in the past 24 hours (https://messari.io/onchainfx) only $10 million behind XRP as ~90% of XRP's trading volume is likely fake (which is problematic if you are trying to use it for cross border payments).

295905566_TradeVolume.jpg.7d9b497b7c5f9b7c5ee17873e436cb03.jpg

The LINK community loves playing mind games so there may be some reverse psychology going on.  At the same time many of the LINK OGs actually do not care if you, me, or anyone else on this forum speculate on LINK as if Chainlink's strategy is successful (a big if), the token will likely skyrocket in value on use case alone.

Well said, @Sebastian, fully agree on all points... and thanks for adding that link. I have quite a few saved here as I'm sure you do as well. Glad to hear that you are sticking around, btw. 

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Chaiiiiiiinliiiiiinnkkkkk

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I just bought a couple because moon-boys will bring a small coin count asset to ath's of 1k+ but its critical flaw is its an ERC-20 token o the eth network. Will face scaling issues and why not just buy ETH.

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8 hours ago, Finesse said:

I just bought a couple because moon-boys will bring a small coin count asset to ath's of 1k+ but its critical flaw is its an ERC-20 token o the eth network. Will face scaling issues and why not just buy ETH.

Except it's not exactly... it is blockchain agnostic and an ERC 677. Chainlink is being deployed on a variety of other chains and platforms... polkadot, hedera, harmony, hyperledger, but will support all popular smart contract networks that have demand. You may want to dig a little deeper and see why they created the ERC 677 standard: https://github.com/ethereum/EIPs/issues/677


https://medium.com/@ivoidwarranties/chainlink-a-requirement-for-cross-blockchain-interoperability-more-f994b2ee67aa

https://medium.com/web3foundation/web3-foundation-and-chainlink-announce-collaboration-df55ed462a3a

https://medium.com/hashgraph/hedera-hashgraph-and-chainlink-collaborate-to-provide-a-decentralized-oracle-network-for-hederas-3d1c77a6bcb9

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