/biz/ - Business & Finance

>>20907555
Witnessed!

>>20773011
>>20773044
>>20773066

AND YOU SEE THAT SIMEON, YOU FAT BALD FUCK? KEK IS ON OUR SIDE! YOU. WILL. LOSE.

The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-4-5 years?

Report in Marines

+ Officer Ranks
- General of ChainLink: General Sergey Nazarov
- General: 500001+ LINK
- Lieutenant General: 250001-500000 LINK
- Major General: 175001-250000 LINK
- Brigadier General: 125001-175000 LINK
- Colonel: 75001-125000 LINK
- Lieutenant Colonel: 50001-75000 LINK
- Major: 35001-50000 LINK
- Captain: 25001-35000 LINK
- First Lieutenant: 20001-25000 LINK
- Second Lieutenant: 15001-20000 LINK
X<><><>X<><><>X
+ Non-Commissioned Officer Ranks
- Sergeant Major: 10001-15000 LINK
- Master Sergeant: 9001-10000 LINK
- Sergeant First Class: 7501-9000 LINK
- Staff Sergeant: 5001-7500 LINK
- Sergeant: 3501-5000 LINK
X<><><>X<><><>X
+ Enlisted Ranks
- Corporal: 1501-3500 LINK
- Specialist: 501-1500 LINK
- Private: 1-500 LINK

Love you guys so much
We are gonna fucking make it

>>11002698
ALL IN

What if Chainlinks main net server goes down. How will this work if there is something like a power outage?