/biz/ - Business & Finance

>falling for a horse fucker scam when old money wants the cake
woke

>>20079159
LINKpool eventually opens up though, eventually node operators will be incentivized to lower their cut for LINK they don’t own as much as they can to complete the most amount of jobs.

>>20079159
>Who is LinkPool?
Oh nobody, just the #1 most used node operator in existence right now on Mainnet
Only created by a Chainlink developer

I feel so comfy. Its like I have it all figured out.
Its just the waiting and I forget this many times that I even own link and lp.
Sometimes it all just feels like a dream that I can stake my linkies with lp.
Like it will never happen.
>1000k EOY

>>20079159
Look at the nodes running right now you moron, linkpool has a large share but it’s nowhere near a true majority.

Yeah I'll just stick to buying more link but thanks anyway

>>20079199
>>20079200
>>20079238
>>20079278
I wish you all the best of luck in finding a node service to stake your LINK in that actually gets jobs.

I sincerely mean it. I hope that everyone can find a way to stake their LINKs in nodes that actually get a decent amount of jobs.
It is going to be extremely competitive, though.

>>20079159
Good luck if you bought this scam
Because:
1. Johnny rims horses
2. Token is a security, indisputably
3. They made the only exchange that allows it to be bought and sold and think the sec hasn't heard of VPNs.
4. There is nothing stopping them from dumping the 75% of tokens they own at any time. That's right it's worse than Chainlink.
5. Spend 40eth on one LP and you get to stake 5 link, fuckity wow
6. There will be other pools when staking finally arrives, and they won't charge you 50eth for the privilege
7. Their feature allowing other nodes to use their contracts to stake actually reduces the % that linkpool would get instead. That's right, they fucked themselves
8. Fuck all liquidity so good luck when Johnny decides to dump his 3k tokens on the dex that HE RUNS hmm sounds fine right?
9. STOP IT HE'S ALREADY DEAD

>>20079310
burger here
how much $ to get enough LP to play with the big boys?

>>20079336
It would be like 12k USD to stake 10k link

>>20079336
1 LP = 10k LINK staking rights at launch

As another anon said, eventually they will open up LinkPool nodes to non LP holders.
But as they've said many times, LP holders will get priority access to staking every last drop of LINK that they own before nolinkpoolers are allowed to stake in LP nodes.

>>20079310
Coinbase, Binance and even Kraken, Bitstamp, Bitfinex and fucking hitbtc have better backing by classical institutions than Stinkfool. All they got is horse pussy.

The moment staking goes live, sell all Linkpool shares

>>20079336

Burgers aren't allowed to own LP or I would have bought at launch.

No big deal though, these Euroqueers are at the top right now. Plenty of competition will be ready to go and LP shares will drop like a rock. The ChainLink team has repeatedly said that they want everyone to be able to stake at they are going to make it easy as fuck. There will be plenty of API pools you will be able to subscribe to.

>>20079381
If you are a developer, which nodes would you use?

One's managed by a company who's sole purpose since it's inception was to provide a top quality LINK node service, created by chainlink developers
or
One that's one of 10,000 side projects at a major company

>>20079159
And that's assuming Binance and Coinbase will offer staking because staking with CL isn't like staking eth or tezos.

>>20079159
If you're a burger make sure you lube up when the sec knocks on your door

>>20079451
We know binance is gonna be a node operator though.

>>20079496
source? would be happy to be wrong.

>>20079520
I didn’t save it but there breadcrumbs in the archives, houbi is a known node operator that was added recently though.

>>20079448
Obviously the one the banker or technical blockchain advisor recommends, which will be the one closest to the bank the company works with. So probably Coinbase

>>20079548
So no confirmation, just breadcrumbs. I know it was a theory here but I honestly have my doubts they'll be node operators. Just considering they are already data providers and will use Chainlink nodes for their own data.

>>20079448
You use the node with the highest quality data and highest rep. But obv the data needs to fit your needs.

Linkpool won’t provide every sort of data, if i need weather data i’m gonna go with the node that getting feeds from accuweather and NOAA.

>>20079520
binance and coinbase will both offer staking, LP is literally a scam so the founders can buy more link

>>20079448
No, that's not the right answer. Companies can take it seriously too, the right answer to the FUD of Coinbase / Binance / Whoever node taking the market share of Linkpool is the following:

Are you aware of the fact that unlike PoS blockchains, with Chainlink if you stake more than the colateral requested by smart contracts you don't get more rewards? There is a limit for how much contracts asking for collateral you'll be able to serve. Once you pass that limit, if you let users stake you are actually cutting their rewards.

Let me be clear, if you serve 200 contracts that ask for 1 million USD in LINK as colateral at the same time, you will only need 200 million USD in LINK staked. If you reach that limit and you keep allowing your users to stake, you are not going to earn more, but instead your users will earn LESS since you will be distributing the SAME amount of LINK among MORE stakers. That's why Coinbase having their own node it's not a valid fud. They will stablish a limit of LINK to be staked that will be dynamic on demand.

Therefore the smartest thing to do is either what Linkpool did, (to attach their staking allowance to a token that represents your staking rights on their node) or set a limit in order to enable a first-come first-serve service. That means that either you are fast as fuck getting in or you pay for a token that allows you to stake.

>>20079441
>I would have bought at launch.
>Plenty of competition will be ready to go and LP shares will drop like a rock.

this cope

>>20079598
Source or proof that Coinbase or Binance will offer CL staking. That's all i'm asking, Gagandeep.

>>20079599
Depends on how much jobs they’re getting though and the frequency. You’re correct that early on staking will be competitive, but if they don’t have enough LINK to stake their not gonna get the job and someone else is gonna rise up and get it.

>>20079370

I believe it is:
200 - 800 per LP at launch.

Working up to 10K+ over the first year of staking.

I have a node as a service run by linkpool. Its verified by the chainlink core team. AMA plebbit

>>20079722
Could you give us details as to how are they managing the service right now? How much do you pay? Could you tell me if you are paying in linkies or USD? In case it's linkies, could you point me to the contract? ty

>>20079722
When are you selling all your link and realize staking is a lie

>>20079765
They are able to manage it entirely, or just manage upkeep and all me to setup new jobs/adapters myself. Won't disclose how much I pay, but its reasonable for a slice for the 4th IR. I signed up with them around a year ago, and the service has been stellar. I think there are 6 or 7 managed nodes run by linkpool now.

>>20079680
I'll be allowed to stake 10link at launch

>>20079781
I've already made it with my ICO linkies, and usd. Im never selling. I'll take them to the grave.

>>20079854
Sadly that was the question I was more interested in. Couldn't you throw some approximate numbers? I want to estimate how many linkies will NaaS yield to Linkpool

>>20079722
When do you predict staking will be live? When do you predict the price of link will be in a few years?

>>20079906
What do you predict the price of link will be in a few years?*

>>20079898
I won't be able to give numbers, out of respect for the LP team. Its a combination of a percentage of staking rewards, and a flat node management fee (monthtly). There was a small setup feel also. Drop them a message? They are pretty easy to deal with.

>>20079941
I respect that so I won't insist, thank you anyways!
Have they created some sort of internal node UI for NaaS users?

>>20079906
Under a year from now, would be my guess. A hell of a lot of work is being done behind the scenes by the core team, way more that you can see on the public github etc. Price in a few years? Who knows! A few years ago when I bought link at 20c, if youd have told me it was 4.87 now, I'd be glad. If the chainlink network manages to capture demand, either from de-fi, or trad markets, i dont think a 100 bil MC is unreasonable by then ($280/link)

>>20079970
Yes, they have. Within the chainlink marketplace. It is very, very good.

any ideas about custodial staking för non-burgers? would prefer to not use binance

>>20080040
So they are using the marketplace as a core place for all their business right? That sounds quite good. Do you know if there is any estimated date for NaaS launch?

You will be able to stake this month with Bancor V2

If it's so good why you shilling it so hard?

>>20080093
Its a core place for my experience- being able to manage my node, add and manage jobs and adapters, all via a GUI experience, without having to directly touch my node. They guarantee uptime and connection integrity, and by sharing a portion of the rewards, provide a mutual interest in success. No idea on any ETAs. Only the core team (jonny included probably) know about delivery ETAs for the core product, and LinkPool are tight lipped about rollouts. As a little nugget of fun - jonny and one other core CL member 100% browse biz.

>>20080147
shilling? It is good, and I dont really give a fuck if you care or not

What options for amerilards who don't wanna VPN?

>>20080162
>jonny and one other core CL member 100% browse biz
https://medium.com/linkpool/the-linkpool-crowdsale-f7a855e341a2

Ctrl + F 'biz' = 1 result ;)

>>20080248
Haha haven't seen that before. Cool.

Smaller independent node operators with more reputation than link to stake might gather link by letting people pool to their pools via linkpool. I don't see why this won't happen.

>>20079159
https://www.reputation.link/oracles

LinkPool Total Link Earned (1 year jun19-jun20): 40975 ie $200k
it's the top earning node for that first year
of course the first months had only one feed, now they have dozens, so second year should be at least 1mil right? unless they also start reducing the price

that number seems right to you?

>>20080303
What do you think 1LP will cost when staking goes live?

>>20080512
What I mean is that it's entirely possible to have only one pooling service without harming the network's decentralization. Because it's not like a bitcoin mining pool but instead a place where you choose a node to stake on and the node needn't be linkpool's to be on linkpool.

>>20079159
>Staking 10k LINK in a LinkPool node
How can I do this?

>>20080238
dont use a vpn and buy it anyway?

>>20079211
>fees from all LinkPool nodes
a developer that was picked up by chainlink because of his linkpool work. Very important distinction.

>>20080527
No idea. I dont follow the LP ratio or price

>>20080786
enjoy the sec knock of freedom
poor burgers cant own securities for their own "safety"

>>20079159
Get this scam out of my face.
Jonny your terraform templates could be written by a monkey in less than a week.

>>20080095
Will I need BNT for this as well, or just LINK?

>>>20079159
>>Staking 10k LINK in a LinkPool node
How can I do this?

>>20080952
This has never happened to anyone on biz they dont go after retail buyers

>>20080512
>>20080616
That's indeed what I think it's going to happen. The marketplace is becoming an index of every existing staking pool

Either buy while the marketcap is miniscule and the project is unknown or fuck off. You have next to no time before this takes off.
>In before shill
because you'll never get a single sliver of my poolies. Not .4. not .04. Nothing. In 18 months I'll be staking hundreds of thousands of dollars worth of LINK and collecting tokens like a fuckin magnet because I had the foresight TWO YEARS AGO to see where this was going.
This is your last chance.

>>20079211
what's the link?

>>20079324
also this is correct, imagine believing LP is the only staking pool

>>20079448
>>20079567
>>20079596
>>20079599
you use the aggregated price, dumb ass
that's the whole point of having a decentralized network

Do I need 10k?

>>20082605
subtle, i like your style anon

>>20082605
Yeh, tell that to the LP fudders saying Coinbase is taking over you fag

>>20079873
Then you didnt make it fren

>>20079906
Staking will be live by September for sure, Sergey said "soon" at the end of May. But they will phase in staking, first to linkpool and other staking services.
Pic related
>In the coming months
He also said in a speech at the start of the year that every year he thinks "this is the year", but definitely he thinks this really is the year.

>>20079159
not buying your bags

>>20082310
BASED. Never duckling selling