plzmeplz

@ChainLinkGod @ashwathbk CLL equity controls its revenue.

@ashwathbk What you’re describing is effectively a rug pull on token holders Do you believe the marginal value of VVV as a method of paying for AI compute is worth $1B and should be valued the same as the equity controlling the revenue

After some more deliberation, I think the equity raise was probably the right move for Venice VVV is not a network ownership token, or a pseudo equity instrument, in the way HYPE, LIT, or MORPHO are VVV is a utility token that enables you mint DIEM to get perpetual access to compute I think that simplifies the equation a lot and points us to one simple inference: VVV is not an instrument that is business growth aligned, but rather a novel utility mechanism for users of compute to secure a share of Venice’s capacity The market bid it up on the back of a strong narrative and Venice’s growth assuming VVV would be the ownership instrument, but that is not the path being pursued It’s also tough to draw a relationship between the equity valuation and token valuation because they represent different things Doesn’t rule out a future where they push for strong token value accrual but the current path was honestly well telegraphed (via the fact that VVV is utility token) Has just been tough for most to reconcile with this reality because almost no token today barring L1s are genuine utility tokens

@tyler All the super wealthy people bitching about this literally do not understand common good.

@ChainLinkGod @ErikVoorhees @thedefivillain Apply your logic to Chainlink

Unfortunately, this does not resolve the fundamental conflict of the token vs equity split Equity investors have legally enforceable economic and legal rights, where the company has a fiduciary responsibility and disclosure obligations to shareholders Token holders have none of this and depend upon economic incentives and company/exec goodwill for value accrual, with no legal enforcement layer if that alignment changes What stops Venice from issuing another token, abandoning the current token, or diverting all revenue streams to equity investors, the answer is nothing, at least not legally For every incremental marginal dollar earned, the equity holder would benefit from an equity dividend/buyback, while the token holder would benefit from a token dividend/buyback There’s either a clear boundary between these two different sets of investors, in terms of what percentage of revenue accrues to each, or you’ve created a confusing convoluted capital structure thats difficult to assess

Now tell me more how about who gets the revenue between the token holders and the equity holders?

@Falkvinge Ask grok about Jews

Claude will refuse work on purely political grounds. When you ask it to set up a website arguing for Indigenous People's Rights to the own Ancestral Lands, it will be cheerful and happy -- until you tell it the Indigenous People are White Europeans. Then, and only then, it refuses point blank. That's not just political, that's also textbook racist. (The only LLM model I have found to be politically neutral and not racist is Grok.)

@EVMavericks1306 @CatfishFishy @koeppelmann @CatfishFishy loves to talk about any and all projects aside from $LINK. Sometimes it seems he knows more about other projects than the one he represents. Imagine this asshole shredding $LINK value accrual the way he does any other crypto project/ticker.

@CatfishFishy @koeppelmann there will be no value accrual to $LINK token holder, only equity holder

“OpenUSD” is an important test of Ethereum’s relevance. With Stripe as a founding member, it launches natively on Tempo. If OUSD still gravitates to Ethereum despite that, that is a big win. If it does not, the “world settlement layer” claim deserves serious doubt.

@puckrin Trillionaires exist here.

Why are we seeing a surge of support for Socialism in the US?

@CatfishFishy @ErikVoorhees @dankrad “Just trust me bro, LInK is more aligned… just trust me - I can’t prove it, but trust me bro… please..” “Sewage” “Fan fiction slop” “Look at this post that I don’t know about that shows it’s more aligned… please bro” “Idk how much revenue they’re making bro..”

@ErikVoorhees @dankrad x.com/SpadesHQ/statu… You know what is even more aligned? Simply not creating an alternate asset that has a competing claim to the spoils of success. XRP is also the largest asset on Ripple's balance sheet. That doesn't mean Ripple is aligned with XRP holders.

Venice is probably cool but the token equity split sucks. Equity holders have legal protections, token holders have "trust me bro we'll keep buying and burning". Said in another way, the company has a legal duty to maximize value to its equity holders. Let's say they have a sustainable $100m income stream, I think it's a difficult argument to make that the best use of that revenue stream is to buy and burn a token rather than pay it out as dividends. (Yes the token value may go up as long as they keep buying but as soon as they start selling the token it will crash. So holding a lot of VVV doesn't change this.)

These old $Link posts are great. Look at how contemptuously the @chainlink cult advocates would respond to basic investor questions/comments. To add insult to injury, both "value mechanisms" (shared staker fees & build rewards) have been abandoned as of 2026.

@The_dude__80 @chainlink “ $600M+ of LINK staked in one week” lol and then they act like the CLL wallet (The “Reserve”) is meaningful value add at $1.1M a week, to the private company themselves rather than the network service providers, while preventing staking pool expansion. A joke.

@linkies4life @nullpackets @shawn_onchain It’s a project with a start and end, no value to $LINK network

@nullpackets @shawn_onchain Is it actually complete though? Are they building products or are they wrapping more development under a new name?

I dont think people really understand the significance of Project Pangea. This is a consortia project that is building on top of Swift's integration of the Chainlink Runtime Environment and data standards. The development and integration that began in 2016 is complete. > Swift > ISO20022 > Chainlink Banks are now building products on top of The New Swift Stack. Powered by $LINK

@LinkFrogCapital @The_dude__80 @chainlink Simply pay the network in LINK as described in the white paper, and as described in Chainlink God’s podcast.

@The_dude__80 @chainlink “Bbb bbb b but you got scammed, your build rewards aren’t worth anything” “B bb b but Marines you should be mad now about build being discontinued after the 2 rounds of rewards you got” Pick one you dolt. You fudcucks can’t even keep track which side of the fence you’re fudding

Reminder to loyal @Chainlink marines: it is for your own good that the team holds your Build rewards. "It is for your sake that we drink the milk and eat those apples. Do you know what would happen if we pigs failed in our duty? Jones would come back!” -Orwell, Animal Farm

@CatfishFishy @Nakamotolisk What is the value accrual? You literally don’t know because it’s literally undisclosed.

@Nakamotolisk x.com/chainlink/stat… Chainlink revenue and token value accrual is literally higher than ETH.

LINK at $7.31 Still $7.30 too expensive

@zamanitwt @OpenAI They should or it’s gov picking winners

@OpenAI Let’s hope that OpenAI doesn’t land on this benchmark.

Introducing a limited preview of GPT-5.6 Sol, our next generation frontier model, as well as GPT-5.6 Terra, a balanced model for efficient, everyday work, and GPT-5.6 Luna, a fast and affordable model for high-volume work. openai.com/index/previewi…

@CatfishFishy @materkel How do you reconcile this @CatfishFishy thread with the $LINK token thesis @ChainlinkLoad @ARiHBARi @linkies4life The fish basically annihilates the original $LINK tokenomics where stake meant something for security and node markets, and paying in $LINK saves users money. Dead.

@materkel Because there is no reason for them to own it, the same way they don't own the L1 gas token of the other dozens of chains their stablecoins are live on. People don't buy government bonds just because they use things that the government funds.

ETH is in a kind of stalemate because two of Ethereum’s biggest beneficiaries, Tether and Circle, still haven’t meaningfully started accumulating it. That is unprecedented. In almost every other industry, the companies that profit most from critical infrastructure try to own a piece of that infrastructure. Stablecoin issuers depend on Ethereum more than almost anyone, yet they largely monetize the rails without accumulating the asset that secures them. Once the first major institutions start directing a share of their revenues into ETH, it's fair game. The first serious movers may accumulate immeasurable wealth and a competitive advantage over others who hold less ETH.

@CatfishFishy @_Synthquest @thegraphers Do 300 days instead of 30? Price is 80% off all time high. You’re cherry picking data, obviously. “Empirical” “sewage”

@_Synthquest @thegraphers Being accurate on facts isn't a subjective "hill." If you want to make arguments, at least start with correct premises supported by empirical evidence.

Wallets at this address: chain.link/circulating-su… have transferred Link tokens to node wallets every time a lock is unlocked. The node wallets, in turn, immediately convert these Link tokens into dollars. This creates price pressure amounting to hundreds of millions of dollars every quarter. Unfortunately, this situation will continue until 2030. The Chainlink team has been unable to find a solution to this for years. Payment abstraction still covers only 1 per cent of node sales. It is estimated that it will take at least two years for it to cover half of these sales. base:0x88fb150bdc53a65fe94dea0c9ba0a6daf8c6e196

@CatfishFishy @thegraphers What about the empirical $LINK price being 80% off all time highs? Maybe run the analysis on 60, 90, 180, or 365 days?

@thegraphers x.com/lookonchain/st… "Before this, Chainlink had unlocked 10 times in total, and 9 of them saw price increases 30 days after unlocking." Actual emprical PA data post unlock:

@IncomeSharks @ewarren That way people can only get more money if it makes the billionaires even more money than the investors. Therefore, the wealth gap ever expands.

@ewarren Billionaires make people who invest money. How about lowering taxes for the middle class which help them and give them tax free trading to help grow their wealth.

Billionaires sit on giant fortunes that compound while you're working two jobs just to pay rent. My wealth tax changes that. It's time the ultra-rich pay their fair share so we can invest in lowering costs for working people.

@CatfishFishy @MikeIppolito_ Can you tell us what % of fees Chainlink Labs returns to its holders?

x.com/NitroOGFX/stat… >3. What on earth is "holder revenue?" You mean... revenue? No. See attached tweet article as an example: "Of every $10M in daily fees Solana generates, ~$100K reaches the token. The rest leaks to apps and extractors. $HYPE returns 97% of fees to holders."

At this point you should ignore crypto data you see on Twitter that doesn't come from Blockworks, Token Terminal, etc... I hate to dunk, but had to say something here because: 1. Almost no revenue figures on this list are correct 2. It omits several of the largest revenue generators 3. What on earth is "holder revenue?" You mean... revenue?

@SabriAmca1453 There’s no way it’s not just a mask that allows whatever male spy to put it on and be “inconspicuous”

Hey @grok soldaki israilli kadına benziyen şahsın babası Komodo ejderi olma ihtimali var mı

@RepJoshG Why would you swap “AIPAC” for “Jews”?

“Monsters.” “Dark money.” A hidden hand “turning us against one another.” Swap “AIPAC” for “Jews” and it’s the oldest antisemitic conspiracy theory in the books. That’s not criticizing a lobby. That’s laundering antisemitism from your podium as Mayor of a city with more than a million Jews. This bullshit is dangerous. If you want to talk about real monsters let’s start with the North Koreans, Russians, Sudanese, the Iranian regime, and their proxies — Hamas, Hezbollah, PIJ — and other terrorist groups who’ve killed scores of Americans.