LINK

lunargrover

This is all my portfolio is. I used to hold BTC, ETH and maybe 5 other coins (LINK, DOT, ADA, ATOM, and MATIC). Then I discovered QNT and LCX and never looked back. Best move I have made.

limpoc

LINK

rastafarey25

Nice. I have LINK too

37Schmeckles

Honestly, this is a garbage take. Eth has less chance of dhing than bitcoin long term. Nothing even comes close. Btc is (relatively) great in a bear market. Eth is great in a bullmarket. Anything else is gambling. If I has to pick a third ‘unlikely to ever die’ coin it actually would have been xrp, but now the lawsuit is pretty scary. After that maybe LINK? And honestly, after that its all fucking dragons…feinfe use cases hinging on adoption that just isnt necessarily evee goinf to happen.

Cleafonreddit

Need some LINK in there

Kcquipor

Still believing in LINK

assoziationshauberk

A little bit more DOT LINK ATOM, but mostly BTC/ETH, because I only really believe in them.

kirtash93

This are my DCA altcoins: ETH, ADA, ALGO, MATIC, DOT, LINK and ATOM.

fapthepolice

[https://blockworks.co/news/crypto-lender-nexo-battles-former-co-founder](https://blockworks.co/news/crypto-lender-nexo-battles-former-co-founder) Good for you for silencing your former colleague, but the settlement doesn't explain: * why your employee's name was in the FUD document's metadata * why specifically Nexo mailing list subscribers got the fake Zeus capital FUD * why the mailing account was using Nexo's Typeform account * how come official Nexo wallets borrowed Chainlink from Aave minutes before the spam campaign began * why former employees confirmed the story with journalists from a media you actually used for advertisement, but was so disgusted with your crimes they wrote a piece on them anyway I thought you guys were doing an internal investigation and would announce results ASAP. It has been 2 years, what happened? Let me guess, someone set you up so professionally, he even shorted LINK from your accounts hours before the spam began?

MaeronTargaryen

BTC, LTC, XMR or even DOGE sure, but ATOM or LINK, they’re not made to buy goods really

CointestMod

#Chainlink Pro-Arguments Below is an argument written by FrogsDoBeCool which won 2nd place in the Chainlink Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Chainlink - Oracles, the thing no basic crypto investor understands > > Disclaimer: I own Chainlink, and believe it's a good project. > > * Chainlink is, confusing to say the least. It does a lot. Specifically with smart contracts. I really feel like I need to explain an oracle before I dig too deep in this. (it's okay, oracles are directly related to chainlink). > > # Oracles > > * Transactions when validated need to be sequential and agreed upon with every ledger? right? yes, but [smart contracts ruin that.](https://www.youtube.com/watch?v=ZJfkNzyO7-U) (0:00-3:00, heavily referenced in oracle problem). Imagine you need to send $5 of eth to someone every minute, forever. great. cool. no. > * When we use an API in the smart contract to find the price of eth to send $5 to person A, we have to deal with the fact the price of ETH will changes, all the nodes that validate this one transaction take time to validate the transaction, therefore all the nodes validating said transaction will get a different result. Destroying the entire Ethereum network and making Vitalik cry. > * When we call transactions already validated to be checked again, the API used will be called again. So imagine sending $5 of eth to person A in 2017, which would be 0.5 eth at the time. But today 0.5 eth is worth like, $2000. So getting the history of all transactions.. can't happen. > * **How Oracles Solve this dilemma** > * Oracles in a sense connect historic data to current. They keep the data of API's, transactions, etc, so that they can bridge the differences in data and keep transactions able to be validated. For an easier explanation, they take the transaction, and bundle it, for all the nodes to get, to validate. > * **The Oracle problem** > * The reason many, many oracles have failed in the past is due to the [oracle problem](https://blog.chain.link/what-is-the-blockchain-oracle-problem/), in which we trade decentralization for well.. smart contracts to work. Because an Oracle keeps the data of all smart contract transactions to distribute to nodes to give one singular result, and the fact many oracles have used a single storage server, they're inherently centralized. It's similar to having a cryptocurrency being made on one node. > * [Centralization is not the only issue,](https://medium.com/@DelphiSystems/the-oracle-problem-856ccbdbd14f) Native blockchains cannot pull or push data onto off-chain data. This gives these networks security from hackers and vulnerabilities. Although, the world is kinda sexy with data, and apis, and oh my god. all the numbers. Smart contracts love numbers. > * How are these problems solved? Chainlink! > > # Chainlink, its use, purpose, and value > > * The actual coin, [Link](https://cryptonews.com/coins/chainlink/), is used similar to a gas payment, in which they use it to help validate transactions. It's been stated historically that Link as a coin is not needed at all, and is a useless coin.. But, nope, if that was true, then ethereum gas fees would be useless too. (while i wish gas fees were useless, they're not!) > * The more link a node has collected, [generally the more trusted it is](https://www.youtube.com/watch?v=j2fg8qGWBYE), allowing it to get more data. This one key idea would make people think Chainlink is centralized, but instead, there's been a way to increase the speed of the network and validation of transactions, since the fastest nodes are also the ones with the most link. > * Chainlink works on several blockchains > * [External adaptors](https://docs.chain.link/docs/external-adapters/) allow smart contracts to be able to be used and validated on multiple blockchains, one of the earliest examples of attempting to bridge cryptocurrencies! > * External adaptors are also what chainlink use to bridge data from API's to the blockchain network in a decentralized way. > * **The Oracle Problem** > * Chainlink solves this issue efficiently, cleanly, and thankfully easy to explain. They basically built an entire blockchain on a blockchain just for smart contracts. > * [They have decentralized nodes](https://docs.chain.link/docs/running-a-chainlink-node/). The nodes collect data from API's, then validate them via specific oracles in each node, then is sent to the blockchain. Nodes are compensated in LINK coins for this work. They also receive data from the blockchain too to then send that data usually to API's. > * Real World Use > * Data feeds is the initial problem I basically introduced in this cointest, in that we cannot know the historic value of eth on an API that's ever changing. Chainlink, because of oracles, has solved this. Don't believe me? kinda hurts, but no matter. [Here's an example.](https://data.chain.link/) Data feeds are now a basic example of what Chainlink can do, and should be known as one of the first things chainlink and oracles, in general, were built to solve. > * the entire ethereum DeFi world is built on chainlink's protocols. Yeah, by the way, Ethereum is valued at 500 billion dollars. > * Chainlink is honestly, **the bridge to the internet** \- **to the blockchain**. It is one of the most useful projects that could ever be made in crypto, and it's one of the only decentralized oracle cryptos. > * Any data that can be scraped into an API can be put onto the blockchain now because of Chainlink. Bank information, financial statements.. you could even end up building an API on r/cc to scrape data, to host a website on web 3.0 using smart contracts, and by that nature, chainlink. > * Grayscale crypto etf's have a Chainlink trust, [specifically for chainlink!](https://grayscale.com/products/grayscale-chainlink-trust/?gclid=Cj0KCQiA4b2MBhD2ARIsAIrcB-RTNwh_LNWBoCGHuRRAbQYNuwpo095BoYlYF2xFPawJecHUBNYZgwwaAoqOEALw_wcB) > * Chainlink is used everywhere in most blockchains with smart contracts, because of its decentralized, ease of use, oracles. I'm grasping at straws just simply because Chainlink seems to solve specific issues that people would not encounter in daily cryptocurrency life, but Chainlink literally is the foundation of many things cryptocurrency. That's the key takeaway from this. > > ​ > > ​ > > some cool things i found: > > when looking over reddit, i found apparently the technical community manager vibing, explaining [oracles.](https://www.reddit.com/r/CryptoTechnology/comments/81te2i/how_do_blockchainssmart_contracts_communicate/) back in 2018, when link was around $0.50. Like damn bro, why couldn't I have had the fucking TCM explain oracles to me when link was 50 cents. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yos/coin_inquiries_round_chainlink_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find arguments on this topic in other rounds.

CointestMod

Chainlink {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Coin Inquiries category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a LINK pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdfz/coin_inquiries_chainlink_proarguments_february/). | To submit a LINK con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdiq/coin_inquiries_chainlink_conarguments_february/).

MaeronTargaryen

Also, nobody is buying anything with LINK or ATOM or most other crypto let’s be honest. Just as most people don’t use their gold to buy stuff either.

ieatmoondust

The thing about LINK is that by design in use case it will scale directly with adoption. Just needs time.

MaeronTargaryen

Price action has been lacking for a long time (LINK is down since 2020 when in the same time frame most big coins have seen big coins)

MaeronTargaryen

I have ETH, ATOM, OSMO, LINK, ROSE, MOONS and an ALGO/BUTTS LP I think that a few others like MATIC will do good in the bull but I wanted a smaller portfolio

Shiratori-3

QNT, LINK, GRT, MATIC, DOT, and AR I'm holding NEAR, but honestly it feels like that's just in hope of some sort of a recovery at some point. Almost the same feel with LRC, though I'm maybe starting to get a bit of confidence back. I've been getting a bit more confident about ADA as time has gone on. Not sure it will moonshot but hey. And XRP as a court case gamble

Shiratori-3

They might not fit to @ yolo moon type category, but interoperability and w3 infrastructure are another (think: QNT, LINK, GRT, etc)

dkran

I loved when CZ was questioned about why he didn’t have a “big 4” accounting firm audit his business on live TV and he basically just starts spewing shit about how they can’t understand crypto etc. ([LINK HERE](https://youtu.be/uwsJm3qgp9I) He acts like people in traditional finance aren’t familiar with things like speculation, backing, and value, which is completely absurd.

trrrring

I like LINK

MaeronTargaryen

BNB has exploded since 2020 when others like LINK (which has great tech) have lost value in the same timeframe. So it’s true, if you’re in it for the money BNB was the right choice

iamjide91

Well, I do think it's sustainable. At least, this should go for a couple of weeks, maybe months, who knows. But whatever happens, it's going to be a careful DCAing into BTC, ETH, LINK, and DIA most of the time. You can't go wrong DCAing anyway. I've done this in the past couple of months and I'm up by 40% on my portfolio. I think that's cool enough.

TheCassiniProjekt

Ben said LINK was too risky not to hold and ETH would drop below 1k, see how that worked out

Ferdo306

LINK performed well during last bear so the upside was limited compared to others

MaeronTargaryen

No I know, DOGE is “a meme that could make me money”, LINK is “the biggest oracle”, of course the first will perform a lot better. That’s also why I think that AI coins will do great in the next months. Most coins will be shitty projects but it’s all about hype

kirtash93

I cry on ALGO and LINK. I like them.

Every_Hunt_160

I must say that I’m surprised to see CRO, LINK and ALGO at a higher price in 2020 than they are right now

MaeronTargaryen

This shows that crypto makes *no sense at all* LINK, which is very important tech as the biggest oracle, has awful price action DOGE, a memecoin, has been the best performer of all Nothing against DOGE, these numbers just prove one more time that people are in crypto to speculate above everything else. We DYOR and all that but in the end, it’s not always the best projects with the best tech that will perform best.

burnaboj

AI crypto doesn‘t make sense, so stay out of it. i‘m going with ALGO, LINK, ATOM, DOT, ADA and MATIC

MaeronTargaryen

I’m sure it’s not that but just checking: you haven’t simply forgotten about moving them? Recently I had a big scare because the LINK that I hadn’t moved in months was gone. Then, I realized that I staked it when staking opened

Beyonderr

My XRP bag is having a good day. Can DOT and LINK be next please?

kirtash93

Here are the some of the best undervalued cryptocurrencies. Chainlink (LINK) Tezos (XTZ) Theta (THETA) Polygon (MATIC) Filecoin (FIL) Hedera (HBAR) Klaytn (KLAY) PancakeSwap (CAKE) Quant (QNT) Algorand (ALGO)

liveaskings

Here are the some of the best undervalued cryptocurrencies. Chainlink (LINK) Tezos (XTZ) Theta (THETA) Polygon (MATIC) Filecoin (FIL) Hedera (HBAR) Klaytn (KLAY) PancakeSwap (CAKE) Quant (QNT) Algorand (ALGO)

cryptolover101

LINK, fucking yes, please! Pump it!

Beyonderr

Can it please be time for DOT and LINK to pump hard, please? My Christmas present is late this year.

donutstocks

BTC, ETH, RISE, SOL, LINK [the top socially influenced cryptos](https://swaggystocks.com/dashboard/crypto/best-cryptos).

Grunblau

My LINK bag was 1/2 of my tax harvest this year… other half was GRT.

Morgwic

Can someone remind me why I bought LINK again?

tendy_trux35

I think the sentiment around ChainLink was it would be super useful to connect a bunch of different blockchains and be able to index them. While it might not ever go parabolic, I think LINK will be super useful the next 10 years and I’ve been putting very small amounts of my portfolio into it

DBRiMatt

I bought 2 LINK for $30 xD

jwz9904

bought LINK at $30!, it's okay.

cryptolover101

It's ok, LINK, take your time

devilsgospel666

Lots of corporate and enterprise elbow-rubbing. Hedera nodes are run by a bunch of large S&P500 companies and traditional finance, LINK works with the lizard people in the WEF. I don't think that's all for no reason but who knows.

CointestMod

#Chainlink Pro-Arguments Below is an argument written by FrogsDoBeCool which won 2nd place in the Chainlink Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Chainlink - Oracles, the thing no basic crypto investor understands > > Disclaimer: I own Chainlink, and believe it's a good project. > > * Chainlink is, confusing to say the least. It does a lot. Specifically with smart contracts. I really feel like I need to explain an oracle before I dig too deep in this. (it's okay, oracles are directly related to chainlink). > > # Oracles > > * Transactions when validated need to be sequential and agreed upon with every ledger? right? yes, but [smart contracts ruin that.](https://www.youtube.com/watch?v=ZJfkNzyO7-U) (0:00-3:00, heavily referenced in oracle problem). Imagine you need to send $5 of eth to someone every minute, forever. great. cool. no. > * When we use an API in the smart contract to find the price of eth to send $5 to person A, we have to deal with the fact the price of ETH will changes, all the nodes that validate this one transaction take time to validate the transaction, therefore all the nodes validating said transaction will get a different result. Destroying the entire Ethereum network and making Vitalik cry. > * When we call transactions already validated to be checked again, the API used will be called again. So imagine sending $5 of eth to person A in 2017, which would be 0.5 eth at the time. But today 0.5 eth is worth like, $2000. So getting the history of all transactions.. can't happen. > * **How Oracles Solve this dilemma** > * Oracles in a sense connect historic data to current. They keep the data of API's, transactions, etc, so that they can bridge the differences in data and keep transactions able to be validated. For an easier explanation, they take the transaction, and bundle it, for all the nodes to get, to validate. > * **The Oracle problem** > * The reason many, many oracles have failed in the past is due to the [oracle problem](https://blog.chain.link/what-is-the-blockchain-oracle-problem/), in which we trade decentralization for well.. smart contracts to work. Because an Oracle keeps the data of all smart contract transactions to distribute to nodes to give one singular result, and the fact many oracles have used a single storage server, they're inherently centralized. It's similar to having a cryptocurrency being made on one node. > * [Centralization is not the only issue,](https://medium.com/@DelphiSystems/the-oracle-problem-856ccbdbd14f) Native blockchains cannot pull or push data onto off-chain data. This gives these networks security from hackers and vulnerabilities. Although, the world is kinda sexy with data, and apis, and oh my god. all the numbers. Smart contracts love numbers. > * How are these problems solved? Chainlink! > > # Chainlink, its use, purpose, and value > > * The actual coin, [Link](https://cryptonews.com/coins/chainlink/), is used similar to a gas payment, in which they use it to help validate transactions. It's been stated historically that Link as a coin is not needed at all, and is a useless coin.. But, nope, if that was true, then ethereum gas fees would be useless too. (while i wish gas fees were useless, they're not!) > * The more link a node has collected, [generally the more trusted it is](https://www.youtube.com/watch?v=j2fg8qGWBYE), allowing it to get more data. This one key idea would make people think Chainlink is centralized, but instead, there's been a way to increase the speed of the network and validation of transactions, since the fastest nodes are also the ones with the most link. > * Chainlink works on several blockchains > * [External adaptors](https://docs.chain.link/docs/external-adapters/) allow smart contracts to be able to be used and validated on multiple blockchains, one of the earliest examples of attempting to bridge cryptocurrencies! > * External adaptors are also what chainlink use to bridge data from API's to the blockchain network in a decentralized way. > * **The Oracle Problem** > * Chainlink solves this issue efficiently, cleanly, and thankfully easy to explain. They basically built an entire blockchain on a blockchain just for smart contracts. > * [They have decentralized nodes](https://docs.chain.link/docs/running-a-chainlink-node/). The nodes collect data from API's, then validate them via specific oracles in each node, then is sent to the blockchain. Nodes are compensated in LINK coins for this work. They also receive data from the blockchain too to then send that data usually to API's. > * Real World Use > * Data feeds is the initial problem I basically introduced in this cointest, in that we cannot know the historic value of eth on an API that's ever changing. Chainlink, because of oracles, has solved this. Don't believe me? kinda hurts, but no matter. [Here's an example.](https://data.chain.link/) Data feeds are now a basic example of what Chainlink can do, and should be known as one of the first things chainlink and oracles, in general, were built to solve. > * the entire ethereum DeFi world is built on chainlink's protocols. Yeah, by the way, Ethereum is valued at 500 billion dollars. > * Chainlink is honestly, **the bridge to the internet** \- **to the blockchain**. It is one of the most useful projects that could ever be made in crypto, and it's one of the only decentralized oracle cryptos. > * Any data that can be scraped into an API can be put onto the blockchain now because of Chainlink. Bank information, financial statements.. you could even end up building an API on r/cc to scrape data, to host a website on web 3.0 using smart contracts, and by that nature, chainlink. > * Grayscale crypto etf's have a Chainlink trust, [specifically for chainlink!](https://grayscale.com/products/grayscale-chainlink-trust/?gclid=Cj0KCQiA4b2MBhD2ARIsAIrcB-RTNwh_LNWBoCGHuRRAbQYNuwpo095BoYlYF2xFPawJecHUBNYZgwwaAoqOEALw_wcB) > * Chainlink is used everywhere in most blockchains with smart contracts, because of its decentralized, ease of use, oracles. I'm grasping at straws just simply because Chainlink seems to solve specific issues that people would not encounter in daily cryptocurrency life, but Chainlink literally is the foundation of many things cryptocurrency. That's the key takeaway from this. > > ​ > > ​ > > some cool things i found: > > when looking over reddit, i found apparently the technical community manager vibing, explaining [oracles.](https://www.reddit.com/r/CryptoTechnology/comments/81te2i/how_do_blockchainssmart_contracts_communicate/) back in 2018, when link was around $0.50. Like damn bro, why couldn't I have had the fucking TCM explain oracles to me when link was 50 cents. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yos/coin_inquiries_round_chainlink_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find arguments on this topic in other rounds.

CointestMod

Chainlink [pros](/r/CryptoCurrency/comments/10haz8o/nft_gods_entire_digital_livelihood_drained_after/j57fuvw/) & cons and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Coin Inquiries category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a LINK pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdfz/coin_inquiries_chainlink_proarguments_february/). | To submit a LINK con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdiq/coin_inquiries_chainlink_conarguments_february/).

howmanytaylors

LINK MARINE. I'm still tempted to come back to LINK.

kirtash93

My strategy hasn't changed. DCA into BTC, ETH, MATIC, ADA, ALGO, DOT, ATOM and LINK until I start being in profit.

snowfox2012

The way I see it is LINK is a great project from the crypto infrastructure perspective but a garbage investment.

DBRiMatt

Wake me up if LINK ever makes it to $100 xD

fapthepolice

It's a press release by the company, did you expect them to tell you "by the way we were a scam from the start, we sent out those fake zeus capital letters while we were shorting LINK, see you fuckers"?

MaeronTargaryen

How many were unlocked in 2022? The only big unlock I own is LINK so not too bad

devilsgospel666

This is truly a great racket for these crypto companies. Create token supply > inflate value artificially until real value/liquidity is attracted > inflate supply with nonsense tokenomics essentially creating assets from thin air valued at real prices > slowly dump on market > profit. If you do it well enough people will even shill your scam for you here. That being said I own some LINK and HBAR lol.

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degenomic

My main criteria was large caps, excluding stablecoins and wrapped tokens. There are a couple of wildcards in there such as RUNE and to a lesser extent LINK, but essentially it all came down to market cap.

AAfloor

Why should he be in prison? I'd sooner send the criminals that make pre-mined shitcoins like XRP, LINK and SOL to prison than someone who runs financial infrastructure in the real world.

kirtash93

I am proud of be 4. 40/35/25 is my rule. 40% BTC, 35% ETH and 25% alts like ADA, ALGO, MATIC, DOT, ATOM and LINK. Not to mention my 24/7 job as a farmer.

Deliverz

LINK. 2018. You know where. Just wish I bought more than a few dollars worth.

The_Terribke_Puddle

It was the worst performer in last bullrun. Reason being LINK doesn't have much to do with Chainlink

Bassfaceapollo

Appreciate such posts. Just want to rectify some things - >In decentralized storage, data is broken up into smaller pieces and distributed across a network of storage providers, rather than being stored on a centralized server. This reduces the risk of data breaches and makes it more difficult for hackers to access or corrupt the data. Not necessarily. It entirely depends on what centralized and decentralized storage services you are comparing. As much as I hate the big 3 cloud bois, S3 is still the go to storage provider for a good reason. It is technologically ahead of whatever the "Web 3.0" space has to offer right now. Also, distributed infrastructure implementations exist already. Sure a central authority controls them but you still get the security benefits of using them, not everyone is using a single server to store everything. >Decentralized storage solutions also offer greater privacy and control for users, as they do not have to rely on third-party companies to store and manage their data. Privacy and data sovereignty depend on the decentralized storage service of choice. If I share a file via IPFS but then want itnto to be taken down then it might not be possible because someone else might still be pinning the file. If you want complete control over your data then just self-host Pydio Cells. Privacy is also questionable, I don't recollect Tor/I2P compatibility for any decentralized storage services and IPFS based solutions are P2P. Also, while DHT crawlers might not be as common as with torrents but I'd imagine the same should apply here to some extent, so using the public DHT means your privacy goes kaput. >On top of that, many decentralized storage platforms use a form of distributed storage called IPFS (InterPlanetary File System) which allows data to be stored in a decentralized way. IPFS uses a combination of content-addressable storage and a distributed hash table to store files in a decentralized way, rather than storing them on a centralized server. IPFS isn't a storage per se. IPFS is a protocol that allows one to deterministically retrieve data via content based addressing. The data itself still needs to be stored somewhere, be it your local PC or a traditional server. To ensure files on IPFS are always available one needs to pin a file. Which disregarding the technical aspects is conceptually similar to BitTorrent's seeding. IPFS isn't the only data retrieval protocol either, there's also good old BitTorrent and Hypercore (Dat). But these protocols differ from one another at a technical level. Filecoin, Jackal (Cosmos chain) are basically ways to incentivize people to ensure that data is always available on IPFS. Think of them as the incentive layer to IPFS. I haven't heard of ANT and Skale, so won't comment on them. But about the rest - 1. Ocean - It's a data marketplace. I know you didn't refer to it as a storage solution, but I find it weird to be placed alongside the rest. 2. Band - It's a oracle trying to play catch-up with LINK. It's relevance in the storage space is minimal. 3. SAFE - It's been a while but this seems closer to GNUnet or Freenet. Not at a technical level but rather at a philosophical level. Safe wishes to create an alternate internet. They even have their own protocol stack fleshed out on top of the existing IP suite. It's a decent project, haven't looked at them in a while. I wonder if they have a proper product now. Btw, they're not a storage service either. So shouldn't be in this discussion. They're what you bring up when discussing Tor, I2P, Nym, Lokinet etc. 4. Storj and Sia - I only have a cursory understanding of Storj but Sia is a good example. It doesn't use IPFS (as you correctly pointed out) but it can be used in conjunction with it. A new email service called Telios does this. They store encrypted emails on Sia and use IPFS to retrieve them. Overall good post OP. Just wanted to point out some technical misunderstandings in the post.

HolyShooter97

Think LINK will have a good run when and if we are in a new bullrun?

xyridfosterlingu9

It's obvious we are close to experiencing the bull market, I'm still looking out to grab some bags of low cap tokens in the web3 space, the likes of LINK & ORE are my best bet.

kirtash93

If you want to keep it simple and live life calmly, DCA and HODL in projects more likely to return to ATH. In my case I selected, BTC, ETH, MATIC, ALGO, ADA, DOT, ATOM and LINK.

iamjide91

I'm so excited about the market RN. BTC is trying to break thru some major resistance, and if that happens, we might just have another week of bullishness which will be totally okay. Well, besides BTC, I got more stakes in ETH, LINK, and DIA. And having DCA'd into them for the most part of the bear market, I'm finally in profits. Let the rally continue.

PathologicalUpvoter

Cries in LINK

JumboHotdogz

Shouldn't have reduced my ETH to LINK...

CointestMod

#Chainlink Pro-Arguments Below is an argument written by FrogsDoBeCool which won 2nd place in the Chainlink Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Chainlink - Oracles, the thing no basic crypto investor understands > > Disclaimer: I own Chainlink, and believe it's a good project. > > * Chainlink is, confusing to say the least. It does a lot. Specifically with smart contracts. I really feel like I need to explain an oracle before I dig too deep in this. (it's okay, oracles are directly related to chainlink). > > # Oracles > > * Transactions when validated need to be sequential and agreed upon with every ledger? right? yes, but [smart contracts ruin that.](https://www.youtube.com/watch?v=ZJfkNzyO7-U) (0:00-3:00, heavily referenced in oracle problem). Imagine you need to send $5 of eth to someone every minute, forever. great. cool. no. > * When we use an API in the smart contract to find the price of eth to send $5 to person A, we have to deal with the fact the price of ETH will changes, all the nodes that validate this one transaction take time to validate the transaction, therefore all the nodes validating said transaction will get a different result. Destroying the entire Ethereum network and making Vitalik cry. > * When we call transactions already validated to be checked again, the API used will be called again. So imagine sending $5 of eth to person A in 2017, which would be 0.5 eth at the time. But today 0.5 eth is worth like, $2000. So getting the history of all transactions.. can't happen. > * **How Oracles Solve this dilemma** > * Oracles in a sense connect historic data to current. They keep the data of API's, transactions, etc, so that they can bridge the differences in data and keep transactions able to be validated. For an easier explanation, they take the transaction, and bundle it, for all the nodes to get, to validate. > * **The Oracle problem** > * The reason many, many oracles have failed in the past is due to the [oracle problem](https://blog.chain.link/what-is-the-blockchain-oracle-problem/), in which we trade decentralization for well.. smart contracts to work. Because an Oracle keeps the data of all smart contract transactions to distribute to nodes to give one singular result, and the fact many oracles have used a single storage server, they're inherently centralized. It's similar to having a cryptocurrency being made on one node. > * [Centralization is not the only issue,](https://medium.com/@DelphiSystems/the-oracle-problem-856ccbdbd14f) Native blockchains cannot pull or push data onto off-chain data. This gives these networks security from hackers and vulnerabilities. Although, the world is kinda sexy with data, and apis, and oh my god. all the numbers. Smart contracts love numbers. > * How are these problems solved? Chainlink! > > # Chainlink, its use, purpose, and value > > * The actual coin, [Link](https://cryptonews.com/coins/chainlink/), is used similar to a gas payment, in which they use it to help validate transactions. It's been stated historically that Link as a coin is not needed at all, and is a useless coin.. But, nope, if that was true, then ethereum gas fees would be useless too. (while i wish gas fees were useless, they're not!) > * The more link a node has collected, [generally the more trusted it is](https://www.youtube.com/watch?v=j2fg8qGWBYE), allowing it to get more data. This one key idea would make people think Chainlink is centralized, but instead, there's been a way to increase the speed of the network and validation of transactions, since the fastest nodes are also the ones with the most link. > * Chainlink works on several blockchains > * [External adaptors](https://docs.chain.link/docs/external-adapters/) allow smart contracts to be able to be used and validated on multiple blockchains, one of the earliest examples of attempting to bridge cryptocurrencies! > * External adaptors are also what chainlink use to bridge data from API's to the blockchain network in a decentralized way. > * **The Oracle Problem** > * Chainlink solves this issue efficiently, cleanly, and thankfully easy to explain. They basically built an entire blockchain on a blockchain just for smart contracts. > * [They have decentralized nodes](https://docs.chain.link/docs/running-a-chainlink-node/). The nodes collect data from API's, then validate them via specific oracles in each node, then is sent to the blockchain. Nodes are compensated in LINK coins for this work. They also receive data from the blockchain too to then send that data usually to API's. > * Real World Use > * Data feeds is the initial problem I basically introduced in this cointest, in that we cannot know the historic value of eth on an API that's ever changing. Chainlink, because of oracles, has solved this. Don't believe me? kinda hurts, but no matter. [Here's an example.](https://data.chain.link/) Data feeds are now a basic example of what Chainlink can do, and should be known as one of the first things chainlink and oracles, in general, were built to solve. > * the entire ethereum DeFi world is built on chainlink's protocols. Yeah, by the way, Ethereum is valued at 500 billion dollars. > * Chainlink is honestly, **the bridge to the internet** \- **to the blockchain**. It is one of the most useful projects that could ever be made in crypto, and it's one of the only decentralized oracle cryptos. > * Any data that can be scraped into an API can be put onto the blockchain now because of Chainlink. Bank information, financial statements.. you could even end up building an API on r/cc to scrape data, to host a website on web 3.0 using smart contracts, and by that nature, chainlink. > * Grayscale crypto etf's have a Chainlink trust, [specifically for chainlink!](https://grayscale.com/products/grayscale-chainlink-trust/?gclid=Cj0KCQiA4b2MBhD2ARIsAIrcB-RTNwh_LNWBoCGHuRRAbQYNuwpo095BoYlYF2xFPawJecHUBNYZgwwaAoqOEALw_wcB) > * Chainlink is used everywhere in most blockchains with smart contracts, because of its decentralized, ease of use, oracles. I'm grasping at straws just simply because Chainlink seems to solve specific issues that people would not encounter in daily cryptocurrency life, but Chainlink literally is the foundation of many things cryptocurrency. That's the key takeaway from this. > > ​ > > ​ > > some cool things i found: > > when looking over reddit, i found apparently the technical community manager vibing, explaining [oracles.](https://www.reddit.com/r/CryptoTechnology/comments/81te2i/how_do_blockchainssmart_contracts_communicate/) back in 2018, when link was around $0.50. Like damn bro, why couldn't I have had the fucking TCM explain oracles to me when link was 50 cents. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yos/coin_inquiries_round_chainlink_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find arguments on this topic in other rounds.

CointestMod

Chainlink [pros](/r/CryptoCurrency/comments/10f2190/overline_link/j4ua3pa/) & cons and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Coin Inquiries category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a LINK pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdfz/coin_inquiries_chainlink_proarguments_february/). | To submit a LINK con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/sifdiq/coin_inquiries_chainlink_conarguments_february/).

JumboHotdogz

Any LINK fans still here? I was hoping it was gonna be the star of the bear market again lol

snkershop

LINK for sure 🙌🏽

GreenStretch

I think LINK and ALGO are solid. I don't know anything about WOO other than I always laugh at the name.

kmanifold

My understanding is that ALGO had a vesting schedule but that has ended already. And that now the only ALGO released into circulation is the quarterly governance rewards. I also have not seen any evidence of major dumps by the LINK dev teams recently (but I could be wrong).

Whole_Visible

I'd only be concerned about that WOO token. Sure they've raised funds for their business, but what does that matter to their token. I went and read their medium a little. Recent post about their plans for the token. I am not impressed with the purpose of this token https://medium.com/woonetwork/woo-tokenomics-revamp-the-first-chapter-8769fcde34a1 LINK and ALGO. If you have a low cost basis then you'll probably make money. Also on teh only investing in BTC/ETH, still way closer to the low points of the last 2 years than the peak. To me now is the time to average into speculative. Maybe not WOO, but lvl 1s and - degen of me - meme tokens with good liquidity on DEXs

Shiratori-3

LINK provides an industry utility infrastructure, and have had some positive tractionof late re tie in with SWIFT, etc etc. IMHO LINK is undervalued and should do well. It doesn't attract the hype of the usual moonboi crowd so much, which is probably a good thing. I don't see a lot of relative risk with it, medium term. GRT (The Graph) is another infrastructure / utility project in a similar boat. And QUANT (QNT) is another, in the institutional / interoperability space.

stormingaround10

I am keeping my eyes on MATIC and CTSI when it comes to Layer 2 projects. When it comes to this list I am wondering about ALBT, and what makes it in trend. I believe aside from these oracles LINK and DIA could attract attention, because of their development and integrations of NFT oracle price floors. Let's see.

stormingaround10

Good to see some altcoins are doing well. I am pretty surprised about GALA and MANA, but at the same time pleased, because it means Metaverse is still a big thing. I stick to DCA and will be adding mostly oracles LINK and DIA which still deliver bullish news, as DIA got listed on Binance US. I keep my eyes on these.

Dazzling_Marzipan474

ADA, DOT, LINK, XRP, MATIC wouldn't seem bad to diversify imo. Then maybe 1% into some moonshots split up 😁

Cleafonreddit

If you dont have any LINK yet then def you need some.

KnackeredParrot

I made a really bad decision with LINK at the start of 2022 and it haunted me all year