1/13: 🚨 @Chainlink Labs has been building some truly groundbreaking technology over the past few years.
This 🧵 will dive into each innovation Chainlink is working on and offering, and how each of these services are a staple for the future of finance.
Let’s dive in ⬇️
Private shares represent residual ownership of the company.
That ownership has economic value based on the company’s assets and prospects, not on whether a public trade has happened yet.
People pay real money for private equity all the time.
Just stop, you’re lying.
Claiming those shares have “no fiat value and no financial interest to anyone but the IRS” just because they haven’t traded publicly is bullshit.
Residual ownership of Labs still has economic value to the people who hold it.
Idk why you’re petaling this BS but you should stop
Fishy never will address this.
It’s sad tbh, the amount of content he and other big $LINK accounts discuss about the value mechanisms created by Chainlink…
While refusing to address the 🔑 fact: Labs equity is held by top execs who still control key aspects of value flows.
Let’s simplify this.
Does Chainlink Labs equity exist?
Yes or no.
This is a question that your favorite $LINK shill avoids.
unavailable
⬡ LoadCubesies.$LINK ⬡ 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 ⬇️
So why is $LINK still underwhelming?
You can’t truly believe that it’s a scale issue right?
The discretionary Reserve deposits have yet to scale, despite that being the sole mechanism for token value today.
It ain’t looking good chief.
Feel like it’s a good time to revisit this thread.
Chainlink Labs equity exists.
If your favorite $LINK account refuses to discuss Labs equity, you must question why.
I believe the lack of clarity around Labs equity is truly the reason $LINK has been underwhelming.
Let’s talk
Great write-up from @ChainLinkGod
A solid explanation on why Chainlink Labs is $LINK driven.
But I’m left wondering:
How do $LINK Reserve deposits impact Chainlink Labs value?
This 🧵 will highlight this dynamic, shedding some light on the big picture.
Let’s dive in ⬇️
⬡ LoadCubesies.$LINK ⬡ retweeted
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 ⬇️
Fundamentally, tokens are an incentive alignment mechanism
This is no different for $LINK
Unlike many crypto projects which have two competing sets of stakeholders (equity investors and token investors), Chainlink has just one: token holders
CLL employees don’t receive any company equity as part of their comp structure, but rather receive base comp in local currency and long-term incentives tied to $LINK
As a result, every individual at CLL helping build Chainlink has a direct financial incentive in seeing the token capture value from Chainlink’s success, their financial outcome is tied to it
Personally, some of the largest $LINK whales I personally know work for CLL, the incentive alignment is strong
Yes, there are still challenges to overcome and improvements to be made, all feedback is heard loud and clear
But I wouldn’t mistake opacity and strategic risk aversion as a lack of economic alignment
I removed myself from the thread, so you hunt down my reply out of hundreds to directly tag me back in, with the word “Cope”.
Reflect on that.
LMFAOOOOO