/biz/ - Business & Finance

Why is it so..... stable

I have nothing to say, I just wanted to start a thread.

Hi frens

I decided just to write the mainnet article here because you are our only investors left anyway.

So, we're launching Thursday whatever that means. Should be good.

Yours fundamentally
-Sergey

Serious question: Why would any company pay $100 or more per one token to execute just one contract?
Doesn't make much sense for CL to be more than $1, does it?

Market cap is a billion dollar. Could it reach 100 billion dollar?

Woke up this morning and realized I've put all my money into a meme (pic absolutely related). Don't think I'll ever sell at this point, too deep, but what the fuck have I gotten myself into?

100 posts and quads for me to satisfy your breadcrumbs hunger. No LARP.

Sup biz

So I've been doing some research on Chainlink and have a few questions that hopefully I would appreciate that you could answer. LINK looks like one of the projects I could start accumulating for the future but was unsure of a few things. And I've been watching Sergey gives conference speeches. He's very smart and actually one of my favorite parts that sold me is that the "out of the box" usecase for Smart Contracts were tokens, and something to the effect of "yeah tokens are great everyone loves tokens, but that's it." So he GOT IT. Big fucking woop about tokens.

Then if I go down CMC and basically summarize each project in a sentence or two, I can see that LINK actually brings some value rather than being another currency or contract platform - we already have ETH and BTC that dominate for those. And of course, it being added as pairs adds legitimacy.

And also lastly, I saw an anon commenting on some of the youtube videos with the poo poo pee pee meme. And I thought, that is the most autistic meme I have ever seen. I HAVE to know what they see in this.

There are still a few things I'm not fully understanding.

1) So let's say LINK becomes big and is bought on different markets. Then at that point, the price would be volatile like BTC or ETH. So, for stability reasons, why wouldn't a decentralized smart contract network use a stable coin to ensure the value remains constant?

2) This is the main one I don't understand (pardon my ignorance). The idea is the chainlink network feeds real world information in, basically by API's of any site/app/program that has an API built and will allow this. So, why is LINK the one that is able to do this? Is it because Sergery has been doing this for years and has a leg up? With all the resources Ethereum devs have, and the fact that Ethereum is known for smart contracts, why don't they also solve the oracle problem? How is this project LINK supposedly able to do this?

what's your excuse for not buying before it's $1
do you hate money?

can someone do me a favor and put the dark blue hexagon around the original chainlink logo? they really need help. The hexagon inside the cube looks retarded. I am all about branding and that looks like shit.

>>10408899
there may be a brief dump sure
but it'll signal in the singularity which is the important part

I have been on the fence about chainlink and I do see the long term benefit of a decentralized oracle network but I am thinking there is not currently a market.

Take a look at the chainlink contract -
https://ropsten.etherscan.io/address/0x20fe562d797a42dcb3399062ae9546cd06f63280#events

There is no testing. The little testing that happens (once every couple days) is a an api for eth to usd. You would think you would at least see ONE custom oracle contract on the chainlink test network but there are absolutely zero custom tests...only the eth api sample.

https://payfair.io/poll

>>10244126
heres a high res for you guys