/biz/ - Business & Finance

>>16100711
>dubs
>greenid
congrats to whatever newfag just got woke by this

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?

>>15273339
nope

IRON HANDS

we will make it

>>15123527
This is lamboland, so please fuck off

>>14811506
we all bought below .50 so we're still comfy. It will have to drop to .48 before I sell.

YES
YEEEEEEEES

Thanks for supporting the ride, kek.

>>14678968
lol

>>14622825

Looks like nows a good time to get some sensible answers: just how high will ChainLink go in this cycle? We all know that normie FOMO can now be counted on to pump link what with CB listing, but exactly how high? Assuming this cycle lasts until at least Christmas, could LINK set off and go on a bull run like BTC &/or ETH did in 2017? $10? $20? ..$50?? Could links bull run go and go, picking up steam in September as the 50 oracle start ups progress? Give your analysis below - PLEASE ONLY grown up replies!

Anyway I am going to sell my linkies.
This isn't a larp
https://etherscan.io/tx/0x4aeb64b2d7fd4379b8b43b3c20b807d9acbeb54d01c43894cc05c4a7fc6c92fa

>>13745423
We're breaking 1.10 tonight bitch

Rolling all in link we all gonna make it visualise 1000eoy

I was going to try and educate you all but it's a lost cause

True winners only play when they've won the moment they get on the field. Playing with the other team having any possibility of winning is a failure of preparation and evidence of inadequate discipline.

You all are sitting there holding your neet dicks praying for dollars for your waifus. Think about who actually runs the project and what the project really is. Don't you think it's funny that chainlink is the industry standard, is integrated at the kernel level for writing smart contracts and that a decentralized oracle network (link being the only one) is required for a smart contract to be legally binding?

And the network doesnt. even. exist.

If you believe the shit on the pivotal for one second you are a sucker. If you think the project hasn't been done and production ready for a year you're a fool.

The worst thing that could possibly happen to legacy banks was legislated by the EU. Watch what real winners do when faggot legislators try and push them around. They'll end up richer, more powerful and more entrenched than ever. And, oh yeah, they'll be able to fire half of their back office staff while doing it.

That's how winners play the game. Link exists for banks. You, through dumb fucking luck, get to come along for the ride. If you don't get smart you'll only be renting your money until its rightful owners come home.

>Trips confirms

>>12927946
Only some of us will...

>>12901916
>bullshit

What did he mean by this?

>>12863164