Zach Rynes | CLG Profile Banner
Zach Rynes | CLG Profile
Zach Rynes | CLG

@ChainLinkGod

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Community Liaison @Chainlink | The CLG Podcast | Complex topics explained simply | Opinions are my own

Joined December 2012
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@ChainLinkGod
Zach Rynes | CLG
2 months
1/ Hello World 👋 The time has come and CLG now has a human face and name—Zach Rynes As the crypto industry and #Chainlink ecosystem have matured, it’s only natural for the CLG identity to also evolve More of my thoughts in the blog and thread below:
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@ChainLinkGod
Zach Rynes | CLG
2 years
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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Zach Rynes | CLG
3 years
@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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@ChainLinkGod
Zach Rynes | CLG
1 year
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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Zach Rynes | CLG
3 years
@elonmusk @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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Zach Rynes | CLG
3 years
@elonmusk @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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Zach Rynes | CLG
3 years
@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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@ChainLinkGod
Zach Rynes | CLG
3 years
I didn't ask for the SEC's "protection" Did you? Did anyone?
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@ChainLinkGod
Zach Rynes | CLG
2 years
@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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@ChainLinkGod
Zach Rynes | CLG
2 years
1/ Tokenized Real-World Assets (RWAs) is how #DeFi will scale to a global level A 🧵 covering my thoughts on the opportunities and challenges this present
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@ChainLinkGod
Zach Rynes | CLG
2 years
I wonder how many years this event delayed the mass adoption of crypto
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@ChainLinkGod
Zach Rynes | CLG
3 years
@RepRashida @RepChuyGarcia @RepStephenLynch How exactly have stablecoins disenfranchised low-income or PoC? in fact they've done the exact opposite providing equal access to financial services regardless of who you are This bill will do exactly the opposite of what you're saying it will, please educate yourself
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@ChainLinkGod
Zach Rynes | CLG
2 years
Seeing a lot of misconceptions and confusion around $stETH ( @LidoFinance liquid staked Ether) Thought I’d write a short thread on my perspective
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@ChainLinkGod
Zach Rynes | CLG
8 months
The reality is that there is no net new money coming into crypto at the moment - Retail is rekt and normies mostly think crypto is a scam - Funds are largely rekt and capital inflow has significantly slowed down - Institutions are largely on the sidelines waiting for…
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@ChainLinkGod
Zach Rynes | CLG
1 year
@yaffebellany Absolute puff piece, trying to frame SBF as “ambitious but overextended” SBF committed fraud by stealing billions of dollars worth of customers funds while lying to everyone the entire time NYT has had a policy to be negative on tech for years, why is SBF/FTX now the exception?
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@ChainLinkGod
Zach Rynes | CLG
3 years
@brian_armstrong So the SEC is pushing people through a minefield, without telling anyone where the mines are and yet at the same time telling them to not step on any mines or you'll die... This makes zero logical sense
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@ChainLinkGod
Zach Rynes | CLG
3 years
@SenWarren You are successfully weakening America's position in the future global economy by spreading disinformation about Bitcoin and decentralized financial infrastructure You're pushing financial innovation to other countries, leaving Americans worse off Take the banker earpiece off
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@ChainLinkGod
Zach Rynes | CLG
2 years
Absolutely no way they personally hacked Bitfinex Likely purchased OTC directly or indirectly from hacker at an extremely deep discount, likely 95%+ Nobody competent looks at $4B of BTC and thinks ”yeah I can launder that no prob” and then stays in NYC
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@ChainLinkGod
Zach Rynes | CLG
10 months
1/ #Chainlink 's Cross-Chain Interoperability Protocol (CCIP) is officially live on mainnet 👀 What does this mean for the cross-chain ecosystem and what new capabilities does CCIP bring to the table? Let's dive in 🧵👇
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@ChainLinkGod
Zach Rynes | CLG
3 years
This is called legally enforced racketeering >Refuse to publish public guidelines >Tell companies to work with SEC >Sue them after they ask for help >Profit Who's the SEC protecting? The consumers? LOL no It's the traditional rent-extracting prison of our financial system
@brian_armstrong
Brian Armstrong
3 years
8/ But in this case they are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. Whatever their theory is here, it feels like a reach/land grab vs other regulators.
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@ChainLinkGod
Zach Rynes | CLG
3 years
$LINK $40
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@ChainLinkGod
Zach Rynes | CLG
2 years
If you had $1M of $LUNA one week ago You now have $165
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@ChainLinkGod
Zach Rynes | CLG
10 months
Nothing encapsulates DeFi better than a founder depositing ~50% of his token’s circulating supply into various lending markets to fund the purchase of a mansion Then letting the position pose such a systemic risk to the solvency of the ecosystem, that those who have a vested…
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@ChainLinkGod
Zach Rynes | CLG
2 years
When a new chain is launched, the most common promotion is that they’re faster and cheaper than Ethereum The issue is that they start with an empty state tree, which is then compared to Ethereum, which has a massive 6+ year old state tree (100GB+) Don’t fall for the fallacy
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@ChainLinkGod
Zach Rynes | CLG
3 years
1/ Interesting discussion today with @elonmusk about the differences between #Bitcoin and #Dogecoin in regards to decentralization and the ability to serve as a new digitally-native money for the people Here are some additional nuances on the subject
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Zach Rynes | CLG
3 years
@jack So you're recreating Ethereum?
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@ChainLinkGod
Zach Rynes | CLG
2 years
@CelsiusNetwork A lot of words to say you’re filing for bankruptcy
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@ChainLinkGod
Zach Rynes | CLG
3 years
$BTC $ETH $LINK It's all you really need tbh
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@ChainLinkGod
Zach Rynes | CLG
2 years
1/ A thread on blockchain scalability, decentralization, throughput, gas, and modular blockchains
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@ChainLinkGod
Zach Rynes | CLG
2 months
. @BlackRock , the largest asset manager in the world, just launched their first tokenized fund on a public blockchain $BUIDL (BlackRock USD Institutional Digital Liquidity Fund) $100M of $USDC has already been issued onchain to support this fund $BUIDL is a token on Ethereum…
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@ChainLinkGod
Zach Rynes | CLG
2 years
#Chainlink is the most widely adopted decentralized oracle network across the blockchain ecosystem Below I have compiled a list of some of the best written/recorded resources across the Internet that dive deep into @Chainlink Learn more today 👇
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@ChainLinkGod
Zach Rynes | CLG
3 years
Imagine actually selling here, I couldn't
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@ChainLinkGod
Zach Rynes | CLG
3 years
@coinbase @SECGov What in the fuck is wrong with our regulators, it's like they're purposely trying to push innovation out of the country
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@ChainLinkGod
Zach Rynes | CLG
3 years
1/ #DeFi yield opportunities for $LINK, a thread With permissionless, compossible, and decentralized financial infrastructure, anyone can turn their tokens into productive assets *NOTE* Nothing I describe here is risk-free, bug and hacks can happen, always DYOR before apeing
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@ChainLinkGod
Zach Rynes | CLG
6 months
"Chainlink is just an oracle" What started as a single ETH/USD Price Feed has since expanded into a fully-featured platform of services There are now 1,000+ #Chainlink oracle networks that span external data, offchain compute, and cross-chain interoperability A thread 🧵
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@ChainLinkGod
Zach Rynes | CLG
7 months
$LINK is and will be the most hated rally on crypto twitter Seeing absolute disbelief by those who haven’t been following protocol development or adoption metrics at all “Just a price oracle”, sorry ser this isn’t 2019 anymore, time to do some much needed due diligence
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@ChainLinkGod
Zach Rynes | CLG
3 years
We are all in this together
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@ChainLinkGod
Zach Rynes | CLG
3 years
$BTC Digital gold store of value layer $ETH Global neutral settlement layer $LINK Definitive truth transport layer Golden trio
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@ChainLinkGod
Zach Rynes | CLG
3 years
If you're not putting your crypto assets to work, you should fix that There are just too many yield opportunities in #DeFi to ignore Tweet thread upcoming on $LINK yield opportunities (yes this will dilute my yield but you're my frens)
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@ChainLinkGod
Zach Rynes | CLG
3 years
Arbitrum is happening TONIGHT
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@ChainLinkGod
Zach Rynes | CLG
2 years
The mass adoption of crypto is not when your grandma is speculating on latest algo ponzi coin But when smart contracts are the dominant form of digital agreement, deeply ingrained into how society works Somewhere along the way, we lost our path
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@ChainLinkGod
Zach Rynes | CLG
1 year
@SBF_FTX This explanation doesn’t make any sense Per FTX’s own terms of service, customers assets on FTX belong to customers, so why were they taken and given to Alameda? This wasn’t an excessive leverage problem, it was a stolen user funds problem
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@ChainLinkGod
Zach Rynes | CLG
6 months
The inevitable golden trio
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@ChainLinkGod
Zach Rynes | CLG
3 years
Congrats your smart contract blockchain will finally have smart contracts after 5 years! To catch up with Ethereum, now you just need SC devs dApp users Browser wallets SC frameworks UI frameworks Test frameworks Oracle networks Indexing networks Keeper networks Block explorers
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@ChainLinkGod
Zach Rynes | CLG
3 years
Well my net worth was just cut in half today, is this really going to be an annual thing now? Still not selling
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@ChainLinkGod
Zach Rynes | CLG
3 years
Arbitrum
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@ChainLinkGod
Zach Rynes | CLG
3 years
Dear Hacker
@PolyNetwork2
Poly Network
3 years
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@ChainLinkGod
Zach Rynes | CLG
2 years
. @chainlink is officially verified 🙌
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@ChainLinkGod
Zach Rynes | CLG
3 years
There is a truly pure-hearted good Samaritan out there Someone just donated 24,703 $LINK ($600k) to @Don_ChainLink after his wallet hack And donated 9,661 $LINK ($234k) to @linkchainlink after his wallet hack 🤯
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@ChainLinkGod
Zach Rynes | CLG
2 years
I always found FTX’s advertising to be really weird They were just ads for Sam’s face
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@ChainLinkGod
Zach Rynes | CLG
3 years
I've learned more about finance by playing RuneScape and using DeFi than I ever learned in school Like it's not even close, kinda sad in a way but it makes sense why most people do not understand how the economy works and just label everything they don't understand as a "ponzi"
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@ChainLinkGod
Zach Rynes | CLG
7 months
How are #Chainlink services monetized and how will this accrue value to $LINK? Let’s dive in👇 Chainlink services including CCIP, Data Streams, Functions, and more have been monetized since day one, key for achieving economic sustainability That means, as a user, you are…
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@ChainLinkGod
Zach Rynes | CLG
2 years
DeFi is a digital casino NFTs are altcoins with pictures DAOs are group chats with a bank account Welcome to crypto, where nothing makes sense and everyone is angry all the time
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@ChainLinkGod
Zach Rynes | CLG
3 years
All time high, based
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@ChainLinkGod
Zach Rynes | CLG
2 years
. @SergeyNazarov just announced that Chainlink is working with SWIFT on a CCIP Proof of Concept 👀
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@ChainLinkGod
Zach Rynes | CLG
3 years
A short story of cognitive dissonance
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@ChainLinkGod
Zach Rynes | CLG
3 years
It's not everyday you're on the cover of @FortuneMagazine 👀
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@ChainLinkGod
Zach Rynes | CLG
3 years
1/ Some clarity on #Chainlink and @arbitrum TL;DR At launch $ETH will be used at the protocol level for transaction fees and bond from validators, while $LINK will be used at the app level to pay for oracle services such as Price Feeds, verifiable randomness, & L2->L1 messages
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@ChainLinkGod
Zach Rynes | CLG
3 years
@IOHK_Charles @mcuban This is quite a week and a needlessly aggressive pitch for Cardano This infographic is the definition of fluff filled with exchange listings, abandoned PoCs, unlaunched projects, paid researchers Explains nothing about what Cardano is or why one should use it, just promises
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@ChainLinkGod
Zach Rynes | CLG
3 years
The president of El Salvador @nayibbukele is on Twitter spaces right talking about the Bitcoin bill that's about to pass The government is going to create a Bitcoin wallet for merchants (opt-in, can use any wallet) Accepting Bitcoin is a mandate by law
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@ChainLinkGod
Zach Rynes | CLG
2 years
“DeFi” is a poor term, should have been called “on-chain finance” Not every blockchain-based financial application is aiming for maximum trustlessness and decentralization Many are a hybridization, where components of varying levels of trust-minimization are composed together
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@ChainLinkGod
Zach Rynes | CLG
3 years
@tedcruz Next up: All US based crypto companies, dev teams, and infrastructure firms move overseas and take their tax revenue with them 🤡
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@ChainLinkGod
Zach Rynes | CLG
6 months
Welcome to everyone who has recently joined the ranks of the $LINK marine community 🙌 #Chainlink is probably the deepest rabbit hole that you’ve ever ventured into, not only in terms of the scope of what is being built but the rich community lore I try to serve as an oracle,…
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@ChainLinkGod
Zach Rynes | CLG
6 months
Chainlink has no competitors Sure, there are protocols doing price feeds, or cross-chain, or automation, or functions, or whatever But none of them are a fully-featured all-in-one platform offering in the same way Chainlink is Google and Microsoft are competitors because they…
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@ChainLinkGod
Zach Rynes | CLG
6 months
Grayscale Chainlink Trust $GLNK trading at a 200%+ premium over spot 🤔 $39 per share, with 0.93482160 $LINK per share
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@ChainLinkGod
Zach Rynes | CLG
3 years
The World Economic Forum ( @WEF ) officially released a whitepaper in collaboration with @Chainlink on how Oracles enable interoperability between blockchain and legacy systems The 40 page whitepaper was co-authored by @SergeyNazarov and WEF research team
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@ChainLinkGod
Zach Rynes | CLG
2 years
Crypto is going to be used by your allies and by your enemies That is called credible neutrality, a tool of freedom available to all Points of censorship are points of control Make peace with this, or this will be a confusing and tiring decade for you
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@ChainLinkGod
Zach Rynes | CLG
3 years
Is there a single in-production DeFi application (or any dApp) on Cardano I can use today? If not, why in the world is $ADA valued 3x higher than the industry standard oracle solution $LINK that secures $10B+ for hundreds of DeFi applications across multiple chains? 🤔
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@ChainLinkGod
Zach Rynes | CLG
2 years
If smart contracts become the dominant form of digital agreements Which they will because they’re superior to paper promises in every way Then society will become more trust-minimized. transparent, and economically free Fuck the ponzi meta-games, this is why I’m in crypto
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@ChainLinkGod
Zach Rynes | CLG
2 years
Retail users truly getting fucked this year First their coins dropped 90%, then all their $UST stablecoin holdings went to zero, and now they can’t withdraw anything from Celsius Yeah I think it’s going to take a while to recover from this
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@ChainLinkGod
Zach Rynes | CLG
2 years
In terms of fundamentals, Chainlink is a top three project $BTC $ETH $LINK The golden trio, always has been
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@ChainLinkGod
Zach Rynes | CLG
3 years
Unpopular opinion: DeFi will not outright replace banks or traditional financial institutions What we'll likely see is first fintechs and then banks adopt DeFi into their backend systems to provide their clients higher yield, more transparency, and superior financial products
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Zach Rynes | CLG
3 years
$LINK $ETH $AAVE $SNX $YFI $BTC It's really that simple
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@ChainLinkGod
Zach Rynes | CLG
3 years
$ETH is not gas, it is money used to pay for gas (units of computational effort), just like how $USD is used to pay for petrol $ETH is also a DeFi store of value and eventually a capital asset that generates yield from PoS and increases in scarcity due to EIP-1559 Few
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@ChainLinkGod
Zach Rynes | CLG
1 year
A mega-trend is on the horizon for crypto Tokenized real-world assets (RWAs) are now being issued on public blockchains by a growing number of Web3 projects and instituions alike How and why? This blog is my thesis on RWAs 🧵
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@ChainLinkGod
Zach Rynes | CLG
2 years
If cash was invented today, it would be illegal
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@ChainLinkGod
Zach Rynes | CLG
1 year
@SBF_FTX @andrewrsorkin @dealbook Is that when you’re going to explain why FTX engaged in fraud and broke its own terms of service by lending out customers funds to your hedge firm without their knowledge or consent? Or will it generally just be some more gaslighting sidestepping the $10B elephant in the room
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@ChainLinkGod
Zach Rynes | CLG
10 days
LayerZero benefited massively from airdrop farmers for years, but now when it comes time to drop the token… farming is suddenly now a problem? Airdrop farmers definitively provide value to protocols They help (1) stress test infra so issues can be resolved sooner rather than…
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Zach Rynes | CLG
3 years
@SEC_Investor_Ed The US government told me it was a good idea to invest in bonds and cash convertibles, are you suggesting I shouldn't trust them, they're pretty famous
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@ChainLinkGod
Zach Rynes | CLG
7 months
Double digit $LINK First time since the collapse of TerraUSD in May 2022 and ensuing contagion 🔥
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@ChainLinkGod
Zach Rynes | CLG
3 years
Holy good god is the #Chainlink 2.0 whitepaper overflowing with alpha Hybrid Smart Contracts Decentralized Metalayer Super-Linear Staking Fair Sequencing Services Authenticated Data Origination Zero Knowledge Proofs Transaction Execution Framework Implicit-Incentive Framework
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Zach Rynes | CLG
3 years
$LINK hit ATH during Bankless recording, now that's pretty based
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@ChainLinkGod
Zach Rynes | CLG
3 years
Warren, crypto is a permissionless, decentralized, censorship-resistant, non-custodial and transparent financial ecosystem that can be audited on-demand A "shadow bank" is what you're protecting: rent-seeking, centralized, opaque, custodial and censorable financial institutions
@TheBlock__
The Block
3 years
Sen. Elizabeth Warren says ‘crypto is the new shadow bank’
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Zach Rynes | CLG
2 years
Even during the worst of blockchain network congestion yesterday ($7k+ tx fees at 8,000 gwei gas prices) Chainlink nodes continue to publish oracle updates on-chain And nobody bats an eye because this level of reliability is expected
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Zach Rynes | CLG
3 years
At the beginning of hyperinflation, everyone thinks they're getting rich
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@ChainLinkGod
Zach Rynes | CLG
3 years
I have broken my own rule about profile pics and have become a wassie now
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@ChainLinkGod
Zach Rynes | CLG
3 years
Thank you for 100k followers my frens! As a #Chainlink Community Ambassador, I will continue to diligently educate the community on all things oracles, DeFi, and smart contracts Never stop learning 🧠⛓️🌐
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Zach Rynes | CLG
3 years
@APompliano I like how the narrative went from "DeFi is a scam" to "Bitcoin is DeFi" A token itself isn't DeFi, it's what you use in the DeFi ecosystem (financial applications like money markets, etc) Bitcoin (WBTC) is an asset used within DeFi, just like many other cryptos are
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Zach Rynes | CLG
3 years
The more physically attractive you are, the more people are nicer and trust you, sorry I don't make the rules, just the way it is Anon social media is one of the few places where this rule doesn't really apply, much more reputation and word of mouth driven
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@ChainLinkGod
Zach Rynes | CLG
2 years
It’s been a rough month for Ethereum rollups - Optimism RPC couldn’t handle the load during token airdrop - dYdX ditching StarkWare to launch a Cosmos chain due to throughput - Arbitrum pausing the Odyssey program due to congestion Not great validation for the rollup thesis
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Zach Rynes | CLG
3 years
Real life snapshot of me deploying $LINK-pills and fighting the baseless fud deep into the night
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@ChainLinkGod
Zach Rynes | CLG
4 months
Every asset manager launching a spot $BTC ETF this month, from Blackrock to Fidelity, is inherently long bitcoin Yes, they don’t technically have any directional exposure, but all else equal, a 10x in the price of bitcoin is a 10x in yearly management fees Therefore, as Kang…
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@Rewkang
Andrew Kang
4 months
Bitcoin at $45k still feels mispriced for 2024 ETF inflows and halving excitement Market consensus is that ETF is long term bullish for $BTC which is correct, but the frontloading of ETF flows is underappreciated Consider that gold ETFs have $120B AUM with an average expense…
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Zach Rynes | CLG
3 years
The inevitable golden trio
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@ChainLinkGod
Zach Rynes | CLG
3 years
1/ Welcome to a deep dive thread into our latest @SmartContent777 article I'll explore the God Protocols and how #Chainlink is the last piece of the puzzle to making it a reality This will be quite a dense thread so buckle up and enjoy the ride
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@ChainLinkGod
Zach Rynes | CLG
3 years
Everything that is happening today in the stonk market (restricting the ability to trade in the free market) is essentially free marketing for #DeFi Position yourself accordingly $LINK $ETH $AAVE $SNX $UNI $SUSHI
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Zach Rynes | CLG
2 years
$LINK $ETH $BTC Golden trio, all you really need tbh
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@ChainLinkGod
Zach Rynes | CLG
3 years
EOS is to 2017 as Cardano is to 2021 Seriously, it's the same exact narratives but now with a dash of "peer reviewed" and a cult of personality around a different egomaniac
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Zach Rynes | CLG
3 years
The "team is dumping" narrative is a meme that needs to be put to rest These tokens are being used to bootstrap and subsidize the growth of the most widely used oracle network Reinvestment into a network's growth is a good thing, because projects that don't, stagnate and die
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Zach Rynes | CLG
3 years
DEFI SUMMER ROUND 2
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@ChainLinkGod
Zach Rynes | CLG
3 years
1/ #Chainlink is the most widely adopted decentralized oracle network across the entire blockchain ecosystem $30B+ Total Value Secured 600+ Total Integrations 400+ On-Chain Data Feeds 550k+ Token Holders Learn more by diving in the educational resources below 👇
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