Is Chainlink the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Chainlink differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Chainlink
| Principle Broken | Specific Issue |
|---|---|
| ❌ Fair Launch | All 1 billion LINK tokens were 100% premined |
| ❌ Fair Launch | ICO sold only 350 million, team kept 300 million tokens |
| ❌ Fair Launch | Raised $32 million in September 2017 ICO |
| ❌ Fair Launch | Team received 30% allocation (300 million LINK) |
| ❌ Decentralization | Chainlink Labs controls development and critical decisions |
| ❌ Decentralization | Oracle network relies on centralized data providers |
| ❌ Decentralization | Team acknowledged current centralization in governance |
| ❌ Trustlessness | Must trust node operators to provide accurate data |
| ❌ Trustlessness | Must trust Chainlink Labs' ongoing development |
| ❌ Fixed Supply | 65% of tokens withheld from public sale |
| ❌ Fixed Supply | Team controls majority of total token supply |
| ❌ Proven Security | Launched 2019, only 6 years old versus Bitcoin's 16 |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Chainlink and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.