Chainlink is unironically fairly priced. The market recognizes that it is an imp

Chainlink is unironically fairly priced. The market recognizes that it is an important piece of infrastructure hence why it's in the top 13.

Chainlink 说真的定价是合理的。市场认可它是重要的基础设施，所以才排得进前13。

图片: https://i.4cdn.org/biz/1789129060373664.png

Link holders are absolutely delusional.

Link 持有者真是集体妄想。

Link is the perfect normie coin. It's got a cool logo, it's $11/coin, and "muh oracles" is just technically sophisticated enough for normies to understand but too sophisticated for normies to dive deep enough to realize Link just isn't needed.

Link 是完美的普通人币。logo 帅、单价11刀，「预言机」这个概念技术含量刚好够普通人听懂，又高深到他们不会深挖、从而发现 Link 其实根本没必要存在。

If smart contracts actually start being used in the real world (no, making ERC-20 scamcoins doesn't count) then some will require Oracles. But an Oracle is just a JSON parser with some voting mechanisms baked in. It's not something you need BILLIONS of dollars and YEARS to develop. It's not something you need "partnerships" for. You sit down, write the code, and you're done. Chainlink isn't in the Oracle business. They're a branding machine. Their sole objective is pumping the price of their asset, Link. An asset, by the way, they own 60% of. Yes, 60%.

如果智能合约真开始在现实世界用起来（不，发 ERC-20 骗局币不算），那其中一些会需要预言机。但预言机不过是个内置投票机制的 JSON 解析器。不需要几十亿美元和好几年去开发，也不需要什么「合作伙伴」。坐下写代码就完事了。Chainlink 干的不是预言机生意。他们是台品牌炒作机器。唯一目标就是拉高他们资产 Link 的价格。顺带一提，这资产他们自己持有60%。对，60%。

When the time comes Oracles will be written on the native platform (probably Ethereum) and they'll use the native token (Ether). No one is going to need Link, no one is going to buy Link. Nobody will care. This project, along with all the other fad-projects will fade into obscurity. I won't speculate on price, this entire market is an irrational frenzy. Perhaps there is still room to grow, more money to be made. Just know you stand on 0 fundamentals and in the end fundamentals will prevail.

到时候预言机会写在原生平台上（多半是以太坊），用原生代币（Ether）。没人会需要 Link，没人会买 Link。没人在乎。这个项目和所有其他风口项目一样会淡出视野。我不猜价格，整个市场就是非理性的狂热。也许还有上涨空间，还有钱赚。但你得知道你脚下是零基本面，而基本面最终会赢。

>>62680709

>fairly priced

>定价合理

USDT, USDC, SOL, HYPE, LINK

>overpriced

BTC, BNB, XRP, TRON, ZEC, DOGE

>underpriced

ETH, XMR

>>62680709

kek by that logic BNB and XRP are 10x more "important pieces of infrastructure"

哈哈按这个逻辑 BNB 和 XRP 就是10倍「重要的基础设施」了

>>62680724

>SOL & HYPE

>fairly priced

>定价合理

Sol breaks down twice a month and had specific VC funding rounds early on.

Sol 一个月宕机两次，早期还有特定的 VC 融资轮。

Hype is a decent protocol, but it doesn't use the HYPE token.

Hype 是个不错的协议，但它不用 HYPE 代币。

>>62681035

>Sol breaks down twice a month

>Sol 一个月宕机两次

That was 5 years ago, it has been running very smoothly since.

那是5年前的事了，之后一直跑得非常稳。

>had specific VC funding rounds early on

>早期有特定的 VC 融资轮

FTX crash reset a lot of the holder base and all VC unlocks are over. Sure the supply isn't as wide spread as BTC or ETH but it's slowly getting better over time.

FTX 崩盘洗掉了一大批持有人，所有 VC 解锁也都结束了。供应量确实没 BTC 或 ETH 那么分散，但随时间在慢慢改善。

>but it doesn't use the HYPE token

>但它不用 HYPE 代币

It's mostly a PoS governance/stak1ng token but there are some use cases like gas fees for the EVM side of the chain, trading fee discounts and HIP-3 (and 4) fees for launching new markets e.g. stocks. Then there's the buybacks from protocol fees, which makes it one of the only coins which actually generates profit for the holders. Its P/E right now is around 25.

它主要是 PoS 治理/质押（stak1ng）代币，但也有一些用例，比如链上 EVM 侧的 gas 费、交易手续费折扣，还有 HIP-3（和4）上新品市场（比如股票）的费用。另外还有用协议收入回购，这让它是极少数真正为持有人产生利润的币。现在市盈率大概25。

Both SOL and HYPE are the only post-2020 coins on the list so it's understandable why you'd pick these two. Maybe I could downgrade HYPE because of competition from LIT, but SOL deserves its spot for being the only real competition against ETH.

SOL 和 HYPE 都是榜单上仅有的2020年后的币，所以你挑这两个可以理解。也许因为 LIT 的竞争我可以把 HYPE 降级，但 SOL 作为唯一真正能跟 ETH 掰手腕的，配得上它的位置。

>Error: Our system thinks your post is spam. Please reformat and try again.

>错误：我们的系统认为你的帖子是垃圾信息。请重新排版后再试。

Fuck this shit

他妈的这个狗屎

>>62681186

>That was 5 years ago, it has been running very smoothly since.

>那是5年前的事了，之后一直跑得非常稳。

30% of all staked SOL suddenly went missing just last month.

就在上个月，全网质押的 SOL 有30%突然消失了。

>there are some use cases like gas fees for the EVM side of the chain

>有一些用例，比如链上 EVM 侧的 gas 费

That's what I'm saying: Hyperliquid is what it is because of their perps protocol, which is "Hypercore" and doesn't use the HYPE token at all.

我说的就是这个：Hyperliquid 之所以是 Hyperliquid，靠的是它的永续协议「Hypercore」，而那玩意完全不用 HYPE 代币。

>SOL deserves its spot for being the only real competition against ETH

>SOL 作为唯一真正能跟 ETH 掰手腕的，配得上它的位置

There are hundreds of smart contract platforms that work just as well as both.

有几百个智能合约平台用起来跟这俩一样顺。

>>62681227

>30% of all staked SOL suddenly went missing just last month.

>就在上个月，全网质押的 SOL 有30%突然消失了。

Missing? There was a problem with a big staking provider but no supply went "missing". You're right a chain halt was very close, but it's not "going down twice a month".

消失？是一个大质押服务商出了问题，但没有任何供应量「消失」。你说得对，链停摆曾经近在咫尺，但那不是「一个月宕机两次」。

>That's what I'm saying: Hyperliquid is what it is because of their perps protocol, which is "Hypercore" and doesn't use the HYPE token at all.

>我说的就是这个：Hyperliquid 之所以是 Hyperliquid，靠的是它的永续协议「Hypercore」，而那玩意完全不用 HYPE 代币。

True, but there are other use cases like I listed, the biggest one being 99% of all protocol revenue going to buybacks + burns. It's effectively the same as giving this profit for token holders in the form of dividends.

没错，但像我列的那样还有别的用例，最大的一点是99%的协议收入用于回购+销毁。这实际上等于把利润以分红形式发给代币持有人。

>There are hundreds of smart contract platforms that work just as well as both.

>有几百个智能合约平台用起来跟这俩一样顺。

Agree to disagree. I think every single "ethkiller" so far has failed except Solana.

各自保留意见吧。到目前为止所有「ETH杀手」里除了 Solana，我觉得全都失败了。

>>62681281

>no supply went "missing".

>没有任何供应量「消失」。

29% of ALL staked Sol literally went offline.

全网质押的 Sol 有29%字面意义上集体掉线了。

>but there are other use cases like I listed

>但像我列的那样还有别的用例

Nearly all usage of Hyperliquid involves Hypercore, which does not use the HYPE token.

Hyperliquid 几乎全部的使用量都发生在 Hypercore 上，而它不用 HYPE 代币。

>I think every single "ethkiller" so far has failed except Solana.

>所有「ETH杀手」里除了 Solana 全都失败了。

That's funny because Solana fails more than most.

有意思，因为 Solana 宕机的次数比大多数都多。

>>62681294

>29% of ALL staked Sol literally went offline.

>全网质押的 Sol 有29%字面意义上集体掉线了。

True but it's a failure of the staking provider, not Solana protocol. They will learn from this and liquid stakers will hopefully choose different (smaller) providers because surprise surprise centralization is bad. There were similar fears about Lido and how it going down would hurt Ethereum. Good thing Ethereum people were really loud about this and nothing bad happened.

没错，但那是质押服务商的失败，不是 Solana 协议的失败。他们会吸取教训，液体质押者希望也会改用别的（更小的）服务商，因为惊喜惊喜，中心化是坏事。Lido 当年也有类似的担忧，说它倒了会伤到以太坊。好在以太坊的人当时喊得很响，最后什么坏事都没发生。

>Nearly all usage of Hyperliquid involves Hypercore, which does not use the HYPE token

>Hyperliquid 几乎全部的使用量都发生在 Hypercore 上，而它不用 HYPE 代币

Usage of Hypercore generates trading fees, which are directed to HYPE holders in the form of buybacks+burns.

Hypercore 的使用产生交易手续费，而这些费用以回购+销毁的形式流向 HYPE 持有人。

>That's funny because Solana fails more than most.

>有意思，因为 Solana 宕机的次数比大多数都多。

Fails at what? It has way more TVL and users than all ghost chains combined. Give me an example of a more successful ethkiller chain than Solana.

在哪方面失败？它的 TVL 和用户数比所有鬼链加起来还多。给我举一个比 Solana 更成功的 ETH 杀手链的例子。

>>62681337

>True but it's a failure of the staking provider, not Solana protocol.

>但那是质押服务商的失败，不是 Solana 协议的失败。

Solana keeps losing nodes, the nodes left keep using fewer and fewer hardware providers, and staked Sol (i.e. "hashpower") is getting more and more concentrated.

Solana 不断流失节点，剩下的节点用的硬件供应商越来越少，质押的 Sol（即「算力」）越来越集中。

These three developments show why this event happened, and how the risk of it happening again will only increase.

这三个趋势解释了这次事件为什么发生，以及再次发生的风险为什么只会越来越大。

Solana is not a very good (eco)system at all.

Solana 根本算不上一个好的（生态）系统。

>Usage of Hypercore generates trading fees

>Hypercore 的使用产生交易手续费

Yes, in USDC. Not in Hype.

对，以 USDC 结算。不是 HYPE。

>which are directed to HYPE holders in the form of buybacks+burns.

>以回购+销毁的形式流向 HYPE 持有人。

Why?

>>62681410

>solana nodes

>Solana 节点

At least it has a decent amount of nodes. Look at Hyperliquid for example. It has 33 nodes and half of the voting power is Hyper Foundation. All of the nodes are located in Tokyo because it can't handle global latency. I agree Solana is nowhere near as decentralized as Ethereum but that's one of its design choices. Also note that I listed Ethereum as undervalued. How decentralized is your favorite ethkiller chain which you were too scared to mention?

起码它节点数量还行。看看 Hyperliquid：33个节点，一半投票权在 Hyper 基金会手里。所有节点都放在东京，因为它扛不住全球延迟。我同意 Solana 的去中心化程度远不及以太坊，但那是它的设计取舍。另外注意，我可是把以太坊列为低估的。你最爱的那条没敢提名字的 ETH 杀手链去中心化程度如何？

>Yes, in USDC. Not in Hype.

>对，以 USDC 结算。不是 HYPE。

This USDC is used by the protocol to automatically buy HYPE from the open market, and then burn it. USDC fees directly translate to HYPE.

这些 USDC 会被协议用来在公开市场自动买入 HYPE，然后销毁。USDC 手续费直接换算成 HYPE。

>Why?

To pump the price of course. Why do AAPL holders benefit from a profitable new Apple product?

当然是为了拉盘。为什么苹果出了赚钱的新品 AAPL 持有人能受益？一个道理。

>>62681512

>At least it has a decent amount of nodes.

>起码它节点数量还行。

The number of nodes is largely a smokescreen; 2% of nodes hold almost 30% of Solana's "hashpower" (staked Sol).

节点数量很大程度上是个烟雾弹；2%的节点握有 Solana 将近30%的「算力」（质押的 Sol）。

Solana functionally comes to a halt when 33.34% goes offline.

当33.34%的节点下线时，Solana 功能上就会停摆。

It's a disaster waiting to happen (again).

这就是个等着发生（再发生）的灾难。

>To pump the price of course

>当然是为了拉盘

kek

So HYPE isn't used at all, but gets burnt after the fact. That's a scam, you know that right?

所以 HYPE 完全没被使用，只是事后被销毁。这是骗局，你知道吗？

>AAPL holders

>AAPL 持有人

So HYPE is an unregistered security. Got it.

所以 HYPE 是未注册证券。懂了。

>>62680709

>>62680712

you're a dumb person

你就是个蠢人

>>62681551

>solana centralization

>Solana 中心化

True. So, in your opinion what smart contract chain is the second best after Ethereum if not Solana?

行。那在你看来，如果不是 Solana，以太坊之后第二强的智能合约链是哪条？

>So HYPE isn't used at all, but gets burnt after the fact

>所以 HYPE 完全没被使用，只是事后被销毁

You completely ignore the staking and governance side of it and how it's also used to launch new markets (HIP 3 and 4). But yeah the main purpose is fee revenue being directed to it. The economics of the coin work well so I don't see why you're so mad about it.

你完全无视了它的质押和治理功能，还有它用来上线新市场（HIP 3 和 4）的用途。不过对，主要目的确实就是让手续费收入流向它。这个币的经济模型运作得挺好，我不明白你为什么气成这样。

>So HYPE is an unregistered security. Got it.

>所以 HYPE 是未注册证券。懂了。

Basically yes. It generates profit and shares that profit for token holders.

基本是的。它产生利润，并把利润分给代币持有人。

>>62681594

>You completely ignore the staking and governance side of it

>你完全无视了它的质押和治理功能

Which are completely irrelevant considering Hyperliquid themselves control both. You said this yourself: >>62681512

这两块完全无关紧要，因为 Hyperliquid 自己同时控制着两者。这话是你自己说的：>>62681512

>half of the voting power is Hyper Foundation.

>一半投票权在 Hyper 基金会手里。

>Basically yes.

>基本是的。

Being an unregistered security is bad, you know that right?

未注册证券是坏事，你知道吗？

>>62681603

>Which are completely irrelevant considering Hyperliquid themselves control both

>这两块完全无关紧要，因为 Hyperliquid 自己同时控制着两者

The foundation controlling most of the nodes doesn't make it less of a use case.

基金会控制大多数节点，不代表这个用例就不成立。

>Being an unregistered security is bad, you know that right?

>未注册证券是坏事，你知道吗？

I disagree. Also I'm not American so I don't have to care about their laws.

我不同意。另外我不是美国人，用不着管他们的法律。

>>62681618

and just like that, the Twink shill vanishes

然后就这样，小白脸托儿（Twink shill）消失在了夜色中

>>62681618

>the usecase being useless does not make it less of a usecase

>用例没用不代表它就不是用例

lol

Hyperliquid's prime usecase does not use HYPE, but they attach the token to it after the fact purely to... pump the value of the token.

Hyperliquid 的核心用例不用 HYPE，但他们事后把代币硬挂上去，纯粹为了……拉高代币价值。

That's hilariously scammy shit.

这骗术可笑到家了。

>>62683432

It's literally the same as Larry Ellison holding 40% of ORCL stock. It doesn't make the company or stock any less useful.

这跟 Larry Ellison 持有40%的 ORCL 股票是一回事。不影响公司或股票的有用性。

>but they attach the token to it after the fact purely to... pump the value of the token.

>但他们事后把代币硬挂上去，纯粹为了……拉高代币价值。

A native coin is needed to run a blockchain, especially one that uses PoS. If you think Hyperliquid could just be a normal CEX without its own chain, then you're missing the point of crypto.

运行一条区块链需要原生币，尤其是用 PoS 的链。如果你觉得 Hyperliquid 可以没有自己的链、只当一个普通 CEX，那你就没搞懂加密的意义。

>pump the value of the token

>拉高代币价值

Value going up is good, you know that right?

价值上涨是好事，你知道吗？

>>62683529

Hyperliquid runs most of the consensus nodes themselves, and burns HYPE for no reason at all just to make the price go up.

Hyperliquid 自己运营着大部分共识节点，并且毫无理由地销毁 HYPE，就为了让价格涨。

It's a more outright scam than Bitconnect.

它比 Bitconnect 还露骨，就是个骗局。

>>62680709

I remember back in the day there were a sizable group of posters who believed Link would become more important than Bitcoin one day. I still believe that day can come.

我记得当年有一批为数可观的发帖人相信 Link 有朝一日会比比特币还重要。我到现在还相信那一天可能到来。

>>62683529

>Value going up is good, you know that right?

>价值上涨是好事，你知道吗？

WAZZAP WAZZAP WAZZAAAAAAAP

图片: https://i.4cdn.org/biz/1789218531546376.png

>>62683596

>Hyperliquid runs most of the consensus nodes themselves

>Hyperliquid 自己运营着大部分共识节点

This is true and I was the first to point it out. Hyperliquid isn't competing against Bitcoin or Ethereum, it's competing against CEXes like Binance which are way more centralized than 30 validator PoS.

这是事实，而且我是第一个指出来的。Hyperliquid 的对手不是比特币或以太坊，是币安那种 CEX，它们的中心化程度比30个验证人的 PoS 高得多。

>and burns HYPE for no reason at all just to make the price go up

>毫无理由地销毁 HYPE，就为了让价格涨

You don't seem to understand capitalism so I'm just going to stop trying to explain.

你好像不理解资本主义，我就不费口舌解释了。

>It's a more outright scam than Bitconnect.

>它比 Bitconnect 还露骨，就是个骗局。

You are exaggerating. It's funny how no-coiners who call Bitcoin and Ethereum a scam are completely fine with Hyperliquid because it has a clear use case that generates revenue. Then there's the crypto people who dislike how centralized Hyper is (except you seem to have a raging hate boner). You have to realize there are many different types of crypto with different use cases, and that many of them can't be done with Bitcoin/Ethereum level decentralization.

你夸张了。有意思的是，那些把比特币和以太坊骂成骗局的无币者（no-coiner）对 Hyperliquid 却完全没意见，因为它有清晰的用例、能产生收入。然后是加密圈的人，不喜欢 Hyper 这么中心化（除了你，你这仇恨值明显拉满了）。你得认识到加密世界有很多不同类型、不同用例的项目，其中很多没法做到比特币/以太坊级别的去中心化。

>>62683812

Hyperliquid is a centralized system that slapped on a token for no reason other than to pump that token.

Hyperliquid 就是个中心化系统，硬贴了个代币上去，除了拉这个代币没别的理由。

It's a fine system for what it is (essentially Web2) and it works in that sense, but it has no place in the upper echelons of a crypto market cap ranking.

就它本来的定位（本质是 Web2）而言它是个不错的系统，也确实能用，但它在加密市值排名的上层没有位置。

>>62685261

>Hyperliquid is a centralized system

>Hyperliquid 就是个中心化系统

Compared to what? Bitcoin, yes. Binance perps, absolutely not. Your reference point is off. It's not supposed to be Ethereum.

跟什么比？跟比特币比，是的。跟币安永续比，绝对不是。你的参照系选错了。它本来就不该是以太坊。

>upper echelons of a crypto market cap ranking

>加密市值排名的上层

Then USDT, USDC and XRP don't belong there either. Yet they've been there forever, proving you wrong.

那 USDT、USDC 和 XRP 也不配待在那儿。可它们一直都在，说明你说错了。