/biz/ - Business & Finance

>>15822746
From Streets To Toilets: The Mediocre Rise Of Pajeet.

>>15822746
Well you're not wrong. Let's see what happens

its habbening1

>>15822746
we can only hope

>>15822751
>>15822794
>>15823836
>>15823850
Hope? No need to hope

>Most (all? Because who would stake with that pool otherwise?) staking agreements will be so that the node operator covers any losses. Your stake will be in a separate SC, which will technically be "in use" but never has to be in physical control of anyone else....released by date or by contract completion trigger.

The price per link comes from scarcity (literally risk free, no one can touch staking links besides you...who wouldn't take even 3%? 10%?)

The requestors will be very willing to pay some money because of the costs already associated with their business. I can't remember if it was openlaw or someone else, but the figure was 20k and up for a medium complexity normal contract over it's life cycle. Per contract. 5k and up for a basic one time agreement/swap factoring employees, lawyers, and execution. That's the target audience for chainlink...pricing a contract execution at 3-4k and saving a significant spillage percentage of donothing office employees that are now unnecessary.

There's also huge considerations for operating capital and trade financing in general. Normally payments are done at huge delays, traditional contracts like shipping being 30/60/sometimes 90 days. The SC triggered payment is effectively instant, or a min or two back into SWIFT banking accounts. This cuts the need to carry 30/60/90 operating expenses, or realistically the need to finance and borrow for these costs (kinda the overnight shit the fed is bailing out right now). Some/most of it switches to being frontend on the buyer, but also throws a nice gap of being able to borrow from defi/peer lending instead of institutional sources...again cheaper, faster, easier, trustless.

I've done the numbers for trucking a few times in threads, but a top20 trucking company spends something (conservative estimate) 75% of costs on contracts, and a huge staff to enforce and manage them. They clear 5-8% net as profit normally...so 5% to 80% profit. Pretty insane jump.

>>15823876
for we have rope

>Most (all? Because who would stake with that pool otherwise?) staking agreements will be so that the node operator covers any losses. Your stake will be in a separate SC, which will technically be "in use" but never has to be in physical control of anyone else....released by date or by contract completion trigger.

>The price per link comes from scarcity (literally risk free, no one can touch staking links besides you...who wouldn't take even 3%? 10%?)

>The requestors will be very willing to pay some money because of the costs already associated with their business. I can't remember if it was openlaw or someone else, but the figure was 20k and up for a medium complexity normal contract over it's life cycle. Per contract. 5k and up for a basic one time agreement/swap factoring employees, lawyers, and execution. That's the target audience for chainlink...pricing a contract execution at 3-4k and saving a significant spillage percentage of donothing office employees that are now unnecessary.

>There's also huge considerations for operating capital and trade financing in general. Normally payments are done at huge delays, traditional contracts like shipping being 30/60/sometimes 90 days. The SC triggered payment is effectively instant, or a min or two back into SWIFT banking accounts. This cuts the need to carry 30/60/90 operating expenses, or realistically the need to finance and borrow for these costs (kinda the overnight shit the fed is bailing out right now). Some/most of it switches to being frontend on the buyer, but also throws a nice gap of being able to borrow from defi/peer lending instead of institutional sources...again cheaper, faster, easier, trustless.

>I've done the numbers for trucking a few times in threads, but a top20 trucking company spends something (conservative estimate) 75% of costs on contracts, and a huge staff to enforce and manage them. They clear 5-8% net as profit normally...so 5% to 80% profit. Pretty insane jump.

>Most (all? Because who would stake with that pool otherwise?) staking agreements will be so that the node operator covers any losses. Your stake will be in a separate SC, which will technically be "in use" but never has to be in physical control of anyone else....released by date or by contract completion trigger.

>The price per link comes from scarcity (literally risk free, no one can touch staking links besides you...who wouldn't take even 3%? 10%?)

>The requestors will be very willing to pay some money because of the costs already associated with their business. I can't remember if it was openlaw or someone else, but the figure was 20k and up for a medium complexity normal contract over it's life cycle. Per contract. 5k and up for a basic one time agreement/swap factoring employees, lawyers, and execution. That's the target audience for chainlink...pricing a contract execution at 3-4k and saving a significant spillage percentage of donothing office employees that are now unnecessary.

>There's also huge considerations for operating capital and trade financing in general. Normally payments are done at huge delays, traditional contracts like shipping being 30/60/sometimes 90 days. The SC triggered payment is effectively instant, or a min or two back into SWIFT banking accounts. This cuts the need to carry 30/60/90 operating expenses, or realistically the need to finance and borrow for these costs (kinda the overnight shit the fed is bailing out right now). Some/most of it switches to being frontend on the buyer, but also throws a nice gap of being able to borrow from defi/peer lending instead of institutional sources...again cheaper, faster, easier, trustless.

>I've done the numbers for trucking a few times in threads, but a top20 trucking company spends something (conservative estimate) 75% of costs on contracts, and a huge staff to enforce and manage them. They clear 5-8% net as profit normally...so 5% to 80% profit. Pretty insane jump.

>There's also insurance, both physical and freight. New markets/opportunities for that with digitized contracts and going to a per contract basis.

>Basically going to make what is already considered relatively cheap shipping costs insanely cheap and streamlined...giving us even more access to cheap chink shit.