/biz/ - Business & Finance

>>14894223
solves the lambo problem

Make me suffer with the idea that maybe it is not a meme and I should have bought more than I already have

>>14894242
Follow the white rabbit. He will show you how to lose all your gains.

its a meme, fuck off newfags

To make 1k eoy possible. Think about it, without the token, there can't be 1k eoy

DYOR. Go through the archives, follow the breadcrumbs.. we've already spoonfed you niggers enough.

>>14894298
fundamentally based

>>14894223
LINK is designed to act as collateral for the value of contracts executed on the network.

>>14894223
You want the redpill?
To make Sergey rich.

>>14894394
the only real answer

so how exactly is this shitcoin supposed to hit 100k eoy? you're telling me in five months its market cap will be greater than btc's ath market cap? what a dumb meme

>>14894223
money

>>14894223
>This will be my good deed for today, 1 spoonfeed.

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?

>>14894223
To allow ppl to post this image

>>14894536
>>14894223

my spoonfeeding addition.

It's not exactly that ERC-667 tokens have functionality that is necessary to Chainlink nodes. I think what a lot of people on this forum don't really understand is that tokens will ideally create stable economies surrounding particular goods and services on the ETH chain, which is really important. Chainlink as a store of value reflects in particular the utility of the network. The more valuable the network and the smart contracts it guarantees, the more valuable the token that secures the network. More importantly, once we have exited the speculative valuation of coins and LINK has real world use, its price will ONLY be influenced by the smart contracts it has to feed and collateralize. Imagine using another coin or store of value to power chainlink nodes, ones which might vary wildly depending on other factors.

What tokenization really does is create currencies with value pegged to the utility of the network, rather than, say, the USD which isn't pegged to anything. Imagine if a USD stablecoin were guaranteeing and collateralizing contracts and the dollar crashed or was subject to hyperinflation.

>>14894223
To be mass accumulated and held.

>>14894223
To make me rich.

>>14894367
Wow
A whole $200