/biz/ - Business & Finance

DRNS

>>16640315
>This whole thing is a giant experiment
no shit, why do u think we invest in it? risk=return lets poo boys

>>16640315
But even the white paper admits, At the time of writing it is impossible to determine. Kind of a CYA statement as well.

>The LINK Token sale involves known and unknown risks, uncertainties, and other factors that may cause the actual functionality, utility, or levels of use of LINK Tokens to be materially different from any projected future results, use, functionality or utility.

Also, The biggest problem facing link according to the whitepaper is a lack of trusted oracles or data sources to begin with.

I do know that lawyer and manpower is expensive as hell but the cap on links prices is going to be tied to the price of labor. Is the smart contract cheaper than humans doing this or worth the security for any individual contract.

If high volumes of contracts are executed, the nodes will accumulate link at a faster rate and lower their prices due to high volume.

Honestly the whole thing is circular.

Customer needs 10 contracts. Let’s say for simplicity 1 link cost $1 USD and the node is charging 1 link per contract. The customer will buy 10 links from the node operators for $10, then give the links back to the node operators.

The link just serves as a medium to be recorded on the ledger and for contract collateral.

Node operators are going to charge based on their margins. Once more oracles and modes exist there will be competition driving the price charged down until margins are very slim.

At this stage I think link token price has no existing valuation model. The inputs are unknown. The players are unknown.
Not all seemingly good technology gets adopted.

>>16640315
>as contract buyers will pay for the cheapest reliable node.
what you see in today's investment banking world, is reduced % they take from orders.
"Oh boy, every bank in the world failed, OMG I remember when they all fell without making a dime, omg those CEO faces when whole industry stopped making money. Oh god it was so fun. "
Jokes aside, show me a bank who failed on reduced fees, they still making money in today's world. Banks are nodes to stock market. I don't see them failing with such low fees.
And then you come here and spit some nonsense about chainlink node operators failing even without tasting the market which doesn't exists yet. For your stupid head, you must know first nodes are selected by sergey himself to behave, when network will be operating as a good goy, he will let others join bit by bit, there won;t be thousand nodes reducing fees to 0, there will be good goys operating reliably.
You don't see 10 years ahead, it will take more.
You see it happening next month, which isn't true. Stop making these stupid threads, nothing is happening next year either, chain link memes are draining and it doesn't have enough fire anymore, you just creating echo in a empty 4chan chambers.
Tell me how long it took for you to get fiber optic internet to your home? For us it took 8 years since it went domestic. Some still don't have it.
Chainlink is around for like what? 2 years?
Think bigger you small brain. Screen shot this, call me in 5 years. We will talk again - btcmaximalist!

fud at ath- BUY FAGGOTS

honestly the quality level of fud is literarley poo poo

Nobody knows anything about this kind of price economic because it has never been done before
Everything is uncertain and speculation

>>16640315
>being this dumb
What is collateral? You realize the node operators don’t set the price of usage, right faggot? The users do, and they’re not going to set prices that wind up fucking them. Meaning like EVERYTHING ELSE IN A MARKETPLACE, SUPPLY AND DEMAND ON THE MARKET WILL DECIDE PRICE. Node operators are just along for the ride, and you are a retard.

>>16640315
bump

>>16641907
>bumping your own thread where you got BTFO.
Fuck off already.

Strong fud desu

>buys high in 2019
>comes up with a big concern
>hasn't read properly

>>16640315
have sex faggot

>>16640315
Meanwhile companies are competitively buying to control supply and stake so that their competitors cannot make as requests, driving the price up. Meanwhile retail staking and development. And derivatives.

>>16640344
Who puts up the staking collateral ? The node operators or the SC devs ?

Who gets rewarded (from the 35 mil link) the node operator/s and the SC devs or only the node operators?

>>16642716
This makes sense- companies can price out competition, or make it more expensive for them to keep up with secured automation

>>16640344
>The link just serves as a medium to be recorded on the ledger and for contract collateral.
The sum of LINK tokens would have to have a sufficient value at least equal to the value of contracts it acts as collateral for.

>>16643029
>amount of staked link must be worth the contracts value.
How do we account for a massive overnight appreciation or depreciation of a link- does it even matter ?

>>16640315
read
sold

Tyt

>>16640315
dude...this is like day 1 fud lmfao. im actually glad to see it makes me think of the good old days.

>>16640344
The cost of requests is not the reason the price will appreciate.

>>16640335
>>16640464
>>16640469
>>16641327
>>16641943
>>16642623
>>16642646
>>16642660
>>16643534
seething stinkies can't give one good response to this kek