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Zach Rynes | CLG
@ChainLinkGod
Strategic Initiatives @Chainlink | Digital commodity enjoyer | Opinions are my own
Joined December 2012
Posts
  • Pinned
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    Most people's mental model of Chainlink $LINK is completely wrong Here's why๐Ÿ‘‡ People often think of oracles as simple middleware bolted to the side of a blockchain, simply injecting price data In their mind, Chainlink is "just an oracle" so who cares right? A more complete
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    A group of degens in a sex cult, high on amphetamines and living in a $300M compound in the Bahamas stole $10B of customer funds, all to lose it by gambling it away on magical internet beans what
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    Replying to @elonmusk
    Elon, you're making crypto look like a joke when you shill this shitcoin, people are going to unironically lose their money on this
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    Yeah man crypto is the future, let me bring you up to speed First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out) This caused the largest crypto hedge fund to go insolvent due to excessive
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    Replying to @elonmusk and @PeterMcCormack
    Elon, while the thread is a bit adversarial in it's tone, it does have its truth in that Dogecoin is orders of magnitude more centralized in both terms of node count and supply distribution than existing cryptos like Bitcoin, people will lose money when these whales dump
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    Oh no war in the Middle East Better sell my decentralized internet money with no ties to the conflict And then buy the sovereign currency of one of the countries actually at war
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    JUST IN: @chainlink has officially launched the Chainlink Reserve ๐Ÿ‘€ This economic upgrade creates a strategic LINK reserve funded by onchain & offchain revenue Institutional adoption โ†’ protocol revenue โ†’ LINK purchases โ†’ Reserve Here's what this means for $LINK ๐Ÿงต๐Ÿ‘‡
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    Replying to @elonmusk and @PeterMcCormack
    Elon with all due respect, @PayPal is an entirely centralized system that is neither decentralized, censorship resistant, nor permissionless It is incomparable to what blockchains are aiming to achieve, Bitcoin is the first time in human history we have truly decentralized money
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    Replying to @elonmusk
    You do realize that Doge is Proof of Work, just like Bitcoin? The only reason Doge uses less energy is because it's far less decentralized with a much lower hashrate (and therefore less secure) Dogecoin is literally a fork of Litcoin, which itself is a fork of Bitcoin
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    I didn't ask for the SEC's "protection" Did you? Did anyone?
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    Replying to @stablekwon
    Rather than calling people poor and dunking on them, you could have properly explained the death spiral risks around UST to the retail investors who trusted you and simply wanted a safe source of stability and yield to combat inflation The market humbles all
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    1/ Tokenized Real-World Assets (RWAs) is how #DeFi will scale to a global level A ๐Ÿงต covering my thoughts on the opportunities and challenges this present
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    I wonder how many years this event delayed the mass adoption of crypto
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    Seeing a narrative that $LINK is โ€œjust an oracleโ€ while $XRP is the bank coin This couldnโ€™t be further from the truth @Chainlink is verifiably working with the largest financial institutions in the world on connecting banks to blockchains This includes: - Working with
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