/biz/ - Business & Finance

>>15651322
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?

>>14573089
youre asking because youve never followed the project, heres your spoonfeed...chainlink is a sister company os smartcontract.com, that company has existed for way longer than chainlink. all this time they knew they needed oracles to be able to disrupt the whole financial sector with smart contracts that actually do more than just trade tokens. the whole smartcontract.com/chainlink team has been working on the oracle problem for the last 5 years silently. no hype whatsoever, just work. show me one other company thats going to "do it faster cheaper, better" look at the names behind chainlink team, you are a fucking retard if you not behind this. chainlink is so far ahead of everyone else that its already a monopoly and the network barely exists you fuckign retard. why cant you see whats infront of your fucking eyes. do you realize even Provable(formerly Oracle crypto comapny) even integrated link into their product services? their competitor...an oracle company...didnt even attempt to make their own decentralized oracle network. you dumb fucking faggot retard wake the fuck up. EVEN ORACLE THE TRADITIONAL COMPANY IS CODING CHAINLINK ADAPTERS FOR 50 START UPS FOR FUCKING FREE. WHY DO YOU FIND THIS NOT THE BEST NEWS A CRYPTO COMPANY HAS EVER RECIEVED???!?!?!?!

>>14303218
pic related from the chainlink website coping faggot

>>14301396
keep coping harder faggot

>>14301203
keep coping faggot

>>14299217
for the coping faggots pic related

>>14283000
you sound like you bought at 1.50

>>14280783
or you can buy chainlink

pic related

>>14280490
LMFAO COPE HARDER