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Smart Contracts and the ChainLink Pump and Dump

Written By Rothbard's Disciple on Sunday, Oct 08, 2017 | 08:10 PM

 
I wanted to release this video later, but the price of ChainLink has already dropped dramatically since I recorded it so I'm releasing it now. This is just a warning about ICO's and smart contract technology in general. At the end I also do some math to prove that ChainLink was probably overvalued at when its price hovered around $0.46 per coin. I want to repeat that the world of crypto-investments is never certain so I'm not guaranteeing that ChainLink will continue to drop. I just want everyone to know the weaknesses of smart contracts and Oracles. Remember when I do the math evaluating ChainLinks company value I use the total 1 billion coin figure even though only 350 million are currently circulating. This is common for investing even though you will probably see commenters below saying that my math was unfair. I discuss all of this in the video.

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