/biz/ - Business & Finance

There is alot of disinformation going on about how linkpool works so let's get some shit straight:

1) The main difference between LPL and SDL is the removal of the 20% of all revenue cut. This was done so that SDL can utilise all its revenue to grow and expand. Whether or not this is reversed in the future is unknown. On the other hand this move can be seen as "greedy" by horse man. Also the supply was cut in half.

2) Staking SDL is the same as staking LPL preciously, except now you get a stSDL token. You use this stSDL token to give you access to link staking.

3) 20% rewards for staking Link on SDL (23% + core contributors cut) is based on network fees. This means if a node provides 1,000 data instances (price of x, temperature of y) a 20% cut of every network fee paid by the node is taken and distributed to all link stalkers. This is huge and will grow exponentially.

4) After the charity staking ends (the link you earn on vanilla staking is from the 500,000 link set aside to support the community and the whole thing was done as a favor for your fags) the only way for you to stake would be to either a) run a node or b) find middlemen like horseman.

5) Although the token migration was sudden, LPL was incredibly illiquid. When you stake your link on SDL you will receive a stLink token. The amount of stLink in your wallet will increase with time and you can freely trade it for link later on (keeping the original link staked inside the node to secure the network while you cash out). It's like holding a voucher for the locked node link that you can trade for real link. The buyer would basically own the rights to your link rewards if you sell him your stLink. Or you could withdraw the staked link + rewards (they might have waiting periods before you can withdraw, perhaps to maintain a set amount of link staked in their nodes)

tl:dr johnny rims horses, but he also gives em snacks

Do poolers have rights as investors or did they assume they do? Were Linkpool ever legally obligated to share revenue?

So why did they decide to scam everyone?

How high is our dividend going to be tomorrow linkpool bros? With all the LINK volatility the last couple weeks and the new high price of LINK I'm expecting a nice big fat dividend.

>already receiving passive income
>passive income will only grow as the chainlink network goes live and they offer ethereum staking
>will be first in line for the best quality nodes on the market

is there anything comfier than holding linkpool?

is 15k LINK and 1 LP enough to make it?

what's the ideal LP:Chainlink ratio?

1:10,000 here

I have 10k LINK and around 0.2 LP. I have 19 ETH spare. Should I just throw it into link (another 1k) or try to get to one full LP token?

I have around 30 dxdao too but thats long term and would be stupid to cash out now

1) There will be other solutions to stake your LINK
2) One LP buys you more than 1000 LINK currently
3) The more valuable the network becomes, the less LINK you earn, because one LINK is worth more. So hodling 1000 LINK for a long time would result in a better ROI

Feel free to discuss. But I do not think this is a good investment to those prices

I want to get involved, but I'm scared that when staking rewards get distributed, I will be denied because "did you not read the fucking sign? NO AMERIFATS ALLOWED. We're also keeping your LP and LINK, see ya"

Certainly, other amerifats are doing this, don't know wat do

Brainlet here, help a brother out