Why is Chainlink NOT the next Bitcoin?
Convince me not to buy Chainlink.
Argument AGAINST Chainlink
Liam Howard
Thomas Flores
well, i cant
Robert Lopez
Who cares what you with your money, thid isnt 2018 anymore. Fuck off namefag, youre too late
Evan Hernandez
it’s a pretty annoying and boring coin desu crypto has a lot of other more exciting projects
Kevin Richardson
Ok, like?
Chase Miller
Redditcoin
Jaxson Garcia
Chainlink is not the next bitcoin because bitcoin is completely fucking useless.
Joshua Price
Buy pokemon cards or redditcoin
Blake Gonzalez
I'm actually more qualified to talk about this than most anons. I'm employed with a cyber-techno machinations company, I do a lot of security analyst 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. Zig Forums 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.
William Peterson
I really don't know enough about this world but what you're saying ostensibly makes logical sense...So what would you suggest as an investment alternative? What's the next Bitcoin in your eyes?