Exposing Chainlink Labs and their utterly insidious (paid) shills. Whistleblowers: exposingchainlink (at) proton (dot) me
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Chainlink Is A Scam retweeted
Chainlink buys 1.5M ethereum:0x514910771af9ca656af840dff83e8264ecf986ca a quarter. And releases 20M.
Q3 Reserve inflow: 1.54M LINK
Quarterly unlocks: ~20M LINK
(June: 21M unlocked, 18.37M sent to Binance)
That’s 13x more supply out than in
And that 1.5M isn’t the buyback you think it is.
The Reserve doesn’t burn anything. It moves LINK
into a timelocked treasury controlled by Labs.
LINK holders get no vote on its policy.
Holders have no claim on company revenue beyond
what lands in the Reserve.
There’s no public rule on what % of revenue has to
go in.
How much value flows to LINK is entirely at management’s discretion.
That’s where the conflict of interest in this thread comes from.
Every LINK that goes into the Reserve is revenue
Labs doesn’t keep, and Labs is the one deciding.
Honestly, the tech is the best in the space.
But if you’re wondering why 7 years of institutional
headlines haven’t moved the price, the answer isn’t
the business. It’s these numbers.
Great write-up from @ChainLinkGod
A solid explanation on why Chainlink Labs is $LINK driven.
But I’m left wondering:
How do $LINK Reserve deposits impact Chainlink Labs value?
This 🧵 will highlight this dynamic, shedding some light on the big picture.
Let’s dive in ⬇️
Chainlink Is A Scam retweeted
There’s also a remarkable irony here: Chainlink’s entire mission is to build a financial system that minimizes the need for trust, yet LINK holders are essentially being asked to operate on a “trust us, bro” basis. They’re expected to trust that management will eventually translate enormous institutional adoption into meaningful token value, without a clear commitment about when or how that will happen. For a project dedicated to replacing trust with verifiable systems, that’s quite a contradiction.
Chainlink Is A Scam retweeted
Public service announcement to the @chainlink community or anyone who holds the $link token.
@chainlinklabs definitely definitely does have shareholders, and their interest are directly opposed to yours.
You need to know this.
Thank you for your attention to this matter.
Chainlink Is A Scam retweeted
The "reserve" purchases are ~$60M per year whereas the foundation sells $900M - well over $1B of coins annually. The reserve is an absolute joke.
The reserve was not even a thing until last year when the foundation pivoted away from staking (which doesn't even exist).
Chainlink Is A Scam retweeted
"Token needed!"
For what?
"To go to $link's Lab's reserve!"
Watching Sergey continuously shit in his holders mouths and watching them continuously call it delicious will never not be funny to me.
Chainlink Is A Scam retweeted
You are so full of shit, respectfully. The token is WORTHLESS. It’s $11 after being in business a decade. They walked back every promise to stakers, they never paid GMX fees, they never added price feeds or additional services to their staking mechanism. The token just keeps getting dumped quarterly for Sergey’s fat pockets. This has been going on for a decade. You have no idea what you’re talking about.
Institutions have said out loud they prefer fiat payments. Nothing gets sent to token holders. CCIP has been live for years and the fees keep getting smaller and smaller. The token is down 80% from all-time high, while the rest of crypto exploded. All these integrations have added zero to the token’s value.
Stop lying. The truth is “onchain”, so you’re not fooling anyone carrying water for these demons
Vibe researching certainly would make my job easier, yet I still do it the old fashioned way. I’ve been covering crypto professionally since 2020. I have a fundamental framework I use to value cryptocurrencies, which was applied here. It centers on the competitive angles, risks, and tokenomics. Had calls with the team at Chainlink to address areas where i found gaps in process.
I also think we fairly addressed the issue you bring up:
LINK holders do not receive direct cash flows, so revenue growth may not translate directly into LINK appreciation.
This is a common risk of many cryptocurrencies.
Our base case was demand for chainlink grows in-line with the broader crypto market. 2020/2021 will always be an overhang in the short term for many cryptocurrencies because the price rises were based on no fundamentals whatsoever. With institutions starting to use blockchains, fundamentals matter more going forward.
Chainlink Is A Scam retweeted
Yes and this is a huge part of why the scam is so obvious. When you integrate something and multiply it over the course of several years, the numbers go up. Or at least, they should. Not here
If you ask around this space what the most successful retail scam project is, I’ll answer very quickly: it’s Chainlink.
After more than 3 years of operation, their fee revenue still averages only around $500 a day.
Haven’t they integrated thousands of projects since 2020? It’s all just marketing, and there’s no real demand from the partners.
The $LINK token has been dropping in price since 2020, and you still believe them?
Chainlink Is A Scam retweeted
This guy keeps shilling the $LINK token non-stop, yet his portfolio doesn’t hold a single $LINK token. This makes it clear he’s being paid by Chainlink Labs to promote $LINK. In this space, you shouldn’t trust anyone just because they have a large following
The weekly update on the #Altcoin portfolio.
It's currently at $180,000.
At the start of August, it was just $75,000.
I'm currently 85% allocated into the markets, as I do continue to expect to see a strong move in the coming period on #Altcoins.
My largest allocations are:
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- $W
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I've scaled down my positions into $NEAR and $GRASS (the last one was fully closed for a 120% gain in less than two weeks).
I've added in the recent correction into $PLUME and $EIGEN.
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Chainlink Is A Scam retweeted
Chainlink's Reserve buys $1.1M of LINK per week. A single quarterly unlock dumps roughly $240M worth. The math is brutal.
#LINK #Chainlink
Chainlink Is A Scam retweeted
@chainlink did 40 integrations alone in September and the price of $LINK goes down
One of the two is true: Tokenomics is significantly broken, or Chainlink doesn’t make any revenue off these partnerships.
Pick one.
Chainlink Is A Scam retweeted
" $LINK is the future. "
"yOu DoNt UndErsTand yOurre DumB... iTs CallEd hyperchainlinkcuckization"
meanwhile...
LINK PRICE 9/2021 = $26
LINK PRICE 9/2026 = $12
Chainlink Is A Scam retweeted
The $LINK community is one of the most disingenuous I’ve ever seen. They were all about CLARITY until it failed. They were all about SWIFT November until it came and went. They were all about Trump until he dumped on them. They were all about Eric Schmidt until he bailed. They were all about Kemal until he bailed. They were all about John Wolpert until he bailed. They were all about Arbitrum until it fizzled. They were all about BUILD and now call it an obvious scam. They were all about GMX until it became apparent they weren’t getting their cut. They were all about NFT’s until they went out of style. They were all about SBF until he ended the industry. They were all about Securitize until they chose the competition. They were all about staking until it became a scam. Same Celsius, same Bancor, same everything they ever claimed would make them rich. Pure scum.
Chainlink Is A Scam retweeted
Jo baggies no clarity act 15th September.
Back to teens with $link
Chainlink Is A Scam retweeted
Note to the $link community. This is the state of "node ops" you swear are powering the DECENTRALIZED network.
Of course @ken_linkwell has me blocked, and has for years. If only he listened to me then, how much time and money he could have saved!
You can apologize at anytime Ken!
Chainlink Is A Scam retweeted
For years, Chainlink Labs has been outspoken in criticizing today's financial system for operating on blind trust and lack of transparency.
A frustrated node operator has to make a public post to get their attention and their response:
"We'll send you a private message"
Chainlink Is A Scam retweeted
Raging bullish impulses everywhere and this token is underperforming yet again
If you're all in on this garbage, or if its dominant in your portfolio, last warning to get out. You will miss a third bull market
The winners are making double digit gains. This token is not it
Chainlink Is A Scam retweeted
It’s confusing to see Chainlink’s loyal celebrating what is essentially finding support at levels first seen in… 2020. 2020. It is now 2026, almost 2027 and $LINK would need a 500% move to get back to all time highs. What is the celebration for? This is battered wife syndrome