/biz/ - Business & Finance

>>15974375
So this is VERY rough ..but the Chicago mercantile exchange claims 3 billion contracts are handled per year. Lowballing a complete guess at a .05 to .15 fee per transaction (assuming chainlink makes them more profitable by having less overhead costs...the reality it would be much much more profitable than this, but these are hypotheticals anyways), that's .428-1.28 per "in circulation" link per year.

The reality is that SC and link can effectively replace those legacy systems (cme profits 4+b a year basically just off fees and clearing)...allowing to do all the trades on a dex with instant clearing/payments and opening this stuff up to the regular person instead of needing to pay and generate hundreds of thousands of dollars in trades to have access.

So in a *perfect* world, link and SCs cut costs in half to 2bil revenue, everyone moves to commoditydex, and generates 5.71usd per circulation link per year in fees.

Add in ICE (6b rev) and a couple other majors... low teens usd per link per year? Of course the actual jobs would be highly sought after and fought over, and you'd have to be a part of those node's pools.

Then there's insurance, logistics, b2b transactions...some of you smarter than me niggers need to put your learn to code memes to work and start making some proof of concepts.

>>15880956
>>15880986
Also requestor means the company employing/deploying the SC. Node operator / oracle would be called a provider, jeet