/biz/ - Business & Finance

>>24734798
so what?

but what does that all mean bazil

>>24734810
>>24734811
FUCKING BING IT

BLOCKCHAIN AGNOSTIC
LOWER COSTS
LOWER CONGESTION
BIGGER AND LONGER-LASTING ERECTIONS

>>24734798

this is great and all but link must continue dumping. it simply pales in comparison to real industry leaders like ltc and bch.

>>24734798
Wow so they just renamed all the nodes and added ocr. Big whoop

>>24734863
doesn't this mean token not needed?

>>24734798
Not arbritrum don't care.

>>24734798
This coin is never going to be worth thousands is it...

>>24735059
When the dollar devalues it will be.

>>24735126
When will that be?

>>24735126
fuck you man.

>>24735049
isnt off chain reporting powered by arb

>>24735012
yes

I think it is an a cool solution to mix both crypto game and investment system with long-term partnerships

https://drive.google.com/file/d/1PreWXs9IuY6TMj7vnPv0iCIWlzTSY4qj/view

>>24734798
I REPEAT.. HOURLY, NO MINUTELY FUCKING REMINDER: NO PRICE ACTION FOR YOU LINKLETS THIS MONTH (December now kek) OR EVER
>mfw biz fell for the assblaster, landlord link, and drunkanon LARPs
>mfw Gonser brought on board to NDA the office harassment victims on the blockchain
>mfw Keenan Olsen "community manager" has a OKR about biz content (KEK?)
>mfw years, no DECADES will go by before R&D produces a working prototype. 3 years in, still not a final whitepaper
>mfw uptrend inevitable for chink coins BAND, DOS, and DIA that are months, no YEARS ahead in terms of development
>mfw brainlets don't realize they're being dumped on, or (MY FUCKING SIDES) think it's a good thing
mfw
MFW
MY FUCKING FEELINGS WHEN

>>24735012
Pretty much. The only oracle project where the token is actually needed is Tellor, but it's slow and only suited for certain applications

>>24735007
Yeah, why did they rename them?
I’m waiting for the tweet about this.

>>24735436
>NO PRICE ACTION

>>24734863
It’s real

>>24734798
It's not live. Testing right now

>>24735597
> it's testnets all the way down

>>24734863
RLC BTFO

>>24735504
what am i binging?

>>24734863
>bing it
BINGUS

>>24735007
>>24735459
Nope, this is a completely new feed, with 10 more nodes than the original feed.

Original feed: https://feeds.chain.link/eth-usd
21 nodes

OCR feed: https://feeds.chain.link/eth-usd-ocr
31 nodes

>>24734863
still dont get it

>>24735012
Yes, I've been trying to tell this to deluded marines but no one has been listening...

>>24736111
Wait, you have to be approved to become a node by a centralized authority?

>>24736248
The contract operator picks the nodes, yes.
You didn't know?

>>24734798
I BOUGHT A PIECE OF PRICE FEED WITH 13 BILLION MARKET CAPITALISATION. FUCKING KEK

>>24735012
Does OCR not penalize nodes for reporting false information?

First ever decentralizd solution to the oracle problem.
Oracles are unironically moreimportant than smart contracts. Without a good oracle you have a dumb contract.
LINK 1000EOY fuck you never selling.

>>24736248
yes, kind of
they just opened up neet node on-boarding though
first you operate as a keep3r node and you an transition to a link node if your reputation is good enough

>>24734798
Perfect. Now link can dump more

>>24735469
>mfw I'm called a brainlet for not considering dumping as price action
>mfw this brainlet posting anon is correct, but probably still a linkie who lost some paper gains
MFW
MY FUCKING PRICE ACTION WHEN (NEVER)

>>24736712
I'm sure the same people who lost a lot of time getting their nodes listed on market.link will fall into the same trap twice.

>>24734798
Chainlink has quite shit marketing

>fucking WEF
>Binance support
>Tezos support
>OCR live

And no price action in sight

>>24736619
This must mean that staking will be used for it.

>>24737051
This has nothing to do with marketing, this is actual development progress.

>>24736701
>Without a good oracle you have a dumb contract.
True, good thing Kleros already solved the dispute resolution problem so smart contracts can still be used even without oracles.

>>24737175
I guess I'm just bitching, but it would be nice if there were marketing along with the development. As Chainlink makes its money from dumping 1m link every week they would benefit from an increase in price. They could even increase development this way by increasing the number of employees.

>>24736111
But why? What’s the reason for it

>>24735012
It is needed. Sergey needs it to dump it on you and make millions every week.

>>24735183
Off-chain computing is
Is ocr the same as tsigs?

can anyone explain to me why the value of the token should increase?

>>24737529
Off-chain aggregation, anon.
That means less use of the blockchain back-end, meaning lower costs, less congestion, better privacy and safety, and a steppingstone towards threshold signatures (which is signature aggregation).

>>24737602
No, t-sigs is the aggregation of signatures.
But this OCR thing is definitely a step towards t-sigs.

>>24737737
Demand.
Tokens will be needed to power the Chainlink system, which will take on gargantuan proportions if the WEF has its way (smart bonds, smart insurance, smart derivatives, ...) for node payment, penalization, staking, ...

>>24737860
No, the token itself isn’t needed for any of this
Delusional

>>24737860
> a stepping stone
> "just 2 more years until arbitrum phase 1.0 guys! get hyped!"

>>24737926
Better tell Deutsche Telekom

>>24737860
What will be the price 2022-2024 realistically?

>>24737318
> Kleros dispute resolution
> Game theory where jurors are economically incentivized to vote with the majority rather than according to their best judgement.
What could go wrong?

>>24737934
Threshold signatures are unrelated to Arbitrum.

Threshold signatures is signature aggregation/bundling, Arbitrum is off-chain computation.

>>24737966
What about it? Some literal no name sub franchise of a franchise bought some links over 2 weeks ago?
What is this supposed to do with anything? If chainstink itself rolled out oracle feeds without the token, what do you ever even need to use it for now? It was useless before, now it is double useless

>>24737926
Wrong. Link will be more valuable than btc or eth.

>>24738068
>Some literal no name sub franchise of a franchise
See pic, seethe, then cope.

>bought some links over 2 weeks ago?
No, they've been getting paid in Link tokens for their work as a Chainlink node since last summer.

>>24737983
$200 - $5000

>>24738070
No, you are wrong. This shows nothing and is a false equivalency. Tokens for bitcoin and ethereum are useful because they are used as payments for electricity and effort spent by miners on bitcoin and ethereum. Chainstink nodes and oracles spend almost 0 electricity and effort because it is just a JSON response instead of a hash algorithm. They don’t even do any consensus you fucking mongoloid, that part is later done by the smart contract itself. They literally just do http requests to each other and post data on the smart contracts
If anything, they pay more in ETH gas when they do that than provide value in link
Delusional and probably 0 technical expertise

i still don't understand why the token should increase in value. if you can't charge a fee in link per api call because it would become stupidly expensive, then you are relying on staking to drive the price?

>>24738123
Yes, that is a literal no name sub franchise, thank you for proving my point. Literally some random euro telecom provider that was doing work for free linkies
I feel bad for you, son

>>24735012
>>24735187
>>24735457
>>24736214
Nothing changes about the node payments.
All payments for all node contributions, on-chain or off-chain, are made in Link tokens.

>>24738213
That's Deutsche Telekom, anon.

>>24738178
The more Chainlink is used, the more tokens are needed to make the system run.

>if you can't charge a fee in link per api call because it would become stupidly expensive
What?

can someone explain why ocr is a big deal?
any resources?
I did some googling and didn't find much

>>24738262
It means less use of the blockchain back-end, meaning lower costs, less congestion, better privacy and safety, and a steppingstone towards threshold signatures (which is signature aggregation).

>>24738252
how does the link token "make the system run" ?

>>24738318
Node payments, penalties, staking, ...

I am gay

>>24737860
>price will rise because of off chain aggregation
Biggest meme

>>24738252
I know what deutsche telekom is, I work in this industry in Europe. It is literally a piece of shit sub franchise who nobody gives a shit about
Delusional

>>24738333
ok so how does the link token increase in value over time? you still aren't explaining anything.

>>24738318
It doesn't, you should probably make sure you don't buy any.

>>24738399
Off-chain aggregation means Chainlink and smart contracts in general become cheaper to use because less money is needed in ETH transaction fees.
It changes nothing about the Chainlink node fees, except that it helps make Chainlink more attractive to use.

>>24738404
Cope, anon. Just cope.

>>24738410
The more it's used, the scarcer it becomes while at the same time demand for it increases.

>>24738178
18 decimal points. Jesus where did you come from, reddit? Go the fuck back we're full

>>24738461
so if you are staking your link tokens and running a node, who pays you link rewards?

>>24738536
The contract operator, typically.

>>24738549
ok so what is a reasonable ROI % return for running a node, in your opinion? considering many apis right now are free

>>24738176
You are wrong. Link is used for payment to redem node operators which themselve need to buy api calls. It can be seen an analogy to mining blocks in a pow conensus, with the difference that in the link network the node operators come to consensus about a certain state which generates cost (api calls) and only successful anwsers will lead to a payment of node operators by the requester. Secondly link will be used as collateral by node operators so it directly translates into increased security of the network.

>>24738682
Imagine arguing with a LINK fudder in the year of our Serg 2020 after the WEF whitepaper lmao

>>24738461
>it helps make Chainlink more attractive to use
It's not like there is a huge amount of projects that wants to use Chainlink but it's too expensive at the moment.

Off chain aggregation will not really inflict the market range

>>24738714
Its good practice to refresh ones investment thesis. I also don't think this retard bought sub 1$ as we did.

>>24738650
The more APIs are free the better.
Whether an API asks 100 USD per call or 0 doesn't change the node fee one bit.

General crypto mining went from very profitable to not so profitable due to increasingly large miner organizations.
I'm thinking oracle "mining" will be different because we're dealing with a possibly infinite variety of data sources.
I suspect the little guys will always be finding new niches of data, so they'll be able to stay in the running for way longer than BTC or ETH miners.

>>24738730
You're contradicting yourself.
Off-chain aggregation will drastically lower the cost of Chainlink purely by reducing ETH transaction fees.
Meaning Chainlink will soon no longer be "too expensive".

>>24738068
I hope you have fat bags anon, otherwise your retarded beyond anyones believe.

>>24737391
worthless neets like you are not part of their target market

>>24738748
Fair enough, doing God's work anon.

>>24734798
hey honey how is your price-aggregation project doing? oh, it still has a catastrophic slippage event a few times a year? y-yeah I'm sure it's the 4th industrial revolution...

>>24738297
thanks
you think t-sigs is gonna follow this closely?

>>24738760
what annual ROI % do you expect nodes will earn on their staked link? 1%? 5%? 10%? sorry i am really trying to understand where the token gets its value from and i just can't wrap my head around it yet

>>24738889
Anything is possible with Chainlink.
Nothing is telegraphed in advance, news almost always comes out of nowhere.

>>24738901
Nobody can predict ROI.
The token is going to be needed for use within the network, and the more the network is used, the scarcer the token becomes while at the same time being in greater demand.
Since the price of literally everything is down to supply and demand, this means number go up.

>>24738792
No I am not. I am saying there are not many project that don't use Chainlink because of the price. Every bigger projects has enough funds to pay for the feeds.

>>24736712
>first you operate as a keep3r node and you an transition to a link node if your reputation is good enough
Says literally who?

>>24738951
>ESL fud
lmao

>>24738888
He hath spoken.

>>24736248
CLONE THE AGGREGATOR CONTRACT, DO IT LIVE ANONS. TAKE WHAT'S YOURS.

>>24738951
>hurrr lower prices don't matter

>>24738996
kek is an ancient spirit, I think he misunderstood the sarcasm

>>24738940
the reason why i am confused is because if you need to stake link to earn profit as a node, you would need to earn at least 6-8% ROI annually for it to make sense. otherwise, why not just put your money in the stock markets or real estate, etc.? and then i can't imagine why people would pay a 6-8% premium for using decentralized oracles when they could theoretically pay 0%. is decentralization really worth a 6-8% premium for most uses? or will a trusted 3rd party like bloomberg release free oracles which the public will heavily rely on?

>>24739031
kek knows all. link to $4.20.

>>24739042
>running a node needs to be financially interesting
No shit.

> i can't imagine why people would pay a 6-8% premium for using decentralized oracles when they could theoretically pay 0%d
You think companies can run oracles for free?

So how do they ensure the off-chain aggregator doesn't fuck things up before sending to the chain? Is this decentralized as well? Stake?

>>24739042
are you actually retarded?

>>24739011
>>24738980
Can you give a proper answer? Or don't you have any?

>>24738404
>It is literally a piece of shit sub franchise who nobody gives a shit about
There was a presentation or interview not too long ago where they were talking about industry adoption. Basically, all these companies are starting to become aware of how they can benefit from this new tech, but none of the big execs want to be the one to take the plunge first. But once one company successfully integrates and is able to cut costs and increase profits, they all will. This is what the singularity is. It’s every major company in every major industry fomoing into smart contracts all at once.

It will be fucking glorious and goddamn we’re going to be so fucking rich

>>24739083
openweathermap, coinbase, coingecko, etc all offer free apis. even if 3rd parties don't offer free apis, i guarantee you they can offer them at a lower cost than what a decentralized network would offer (i.e. tiers based on usage like a flat rate $9.99/month etc)

>>24739112
maybe, but unless you can prove to me why the link token is needed instead of using DAI or USDC as collateral, i will never understand why the link token is needed and why it will increase in value beyond speculation

>>24734798

That image brings me joy watching it grow. Almost like a child. God link has become a weird part of my life after all these years

>>24739141
There's nothing to say.
Lower cost obviously makes Chainlink that much more interesting to use.
End of.

>>24739154
>all offer free apis
What does that have to do with being able to run oracles for free?

>>24739042
>i can't imagine why
It's called the oracle problem, genius.

>>24739186
do you know what erc677 is?

>>24737051
Apparently the price is being artificially surpressed so people can accumulate. I for one am taking this opportunity to buy some more too

>>24739141
what did you intend to say? put it all together in one post and proofread it so we don't have to reverse engineer your third world english, thank you

>>24739186
>i will never understand why the link token is needed
That sounds like your problem, not ours.

>>24739154
>trusting free data feeds

its like you want yo get fucked. Also i suspect once everyone learns you can monetize api calls everyone will
>>24739221
dont believe the idiots. Just a market cycle

>>24739243
no one in here can articulately explain these items:

1. why the link token is needed instead of using dai or another stablecoin
2. why the link token will increase in value beyond speculation

seems like it should be pretty easy to explain these things but no one has so...

>>24739189
Can you give some example projects that want to use Chainlink and are just waiting for off chain aggregation?

>>24739304
It is easy to explain those things. I've explained them many times over the last 3 years. But I'm not a bottomless source of goodwill, and at this point I don't feel like people need to have their hand held through Chainlink any more.

>>24739304
no one in here wants to spoonfeed you (incredibly easy to find these days) information. You had years, and you missed. Eat a dick, faggot.

>>24739331
Chainlink being cheaper to use is an advantage, anon.
No two ways about it.

>>24739304
I would love to shit on your face.

>>24739186
Mate we can't be bothered to convince anyone anymore, that times passed. If you're not certain, no problem, just steer clear of link and buy something else

>>24739304
There is a reason why they can’t explain it. Like any other ponzi or MLM, instead of a straightforward answer it is filled with unneeded technical jargon (ez: erc-667, which is an absolute fucking meme), so that they don’t understand it but believe in it.
Every valuable token or coin can have its value explained in a sentence or two. The fact that these monkeys can’t should be evidence enough for everyone just how useful or valuable the shit stain link is.

>>24739304
>why the link token is needed instead of using dai or another stablecoin
Dai/stablecoins need additional complexity, often even oracles.

>why the link token will increase in value beyond speculation
Because the more Chainlink is used, the more tokens are needed for node compensation, penalizing, staking.
Pure supply and demand.

>>24739186
No one gives a fuck whether you understand or not

>>24738951
>I am saying there are not many project that don't use Chainlink because of the price. Every bigger projects has enough funds to pay for the feeds
Lower costs will unlock new use cases that were previously too expensive to implement. Companies can now afford to run high volume without being impeded by unacceptably high cost. Don’t just think about current companies. Think about the companies that haven’t even been created yet. We’re witnessing the birth of an entirely new industry. We’re going to see creative and innovative use cases emerge that would not have been possible before

>>24739003
Wait, can we just do that? We can just fork all existing Chainlink architecture and create our own internet and call it Chanlink?

>>24739359
>>24739360
>>24739374
>>24739376
>>24739411

it's funny how they will all waste time replying but won't actually answer the questions. does anyone here even understand why link is necessary or is this all one big meme?

>>24737318
You failed to synthesize the Oracle problem if you think disputing every bad data feed is the solution.
Also, without Oracles, how the fuck can a Kleros juror decide what is a good or bad data feed. What good data are they comparing the allegedly failed data feed to?
Link is the answer, return to your Kleros containment thread.

>>24739003
Why won't this work anons? Why aren't we running our own oracle network?

>>24739479
it's still Chainlink's framework for decentralized oracle middleware, just not their in-house reviewed nodes.

>>24739496
>>24739479

I'm down, what's your email?

>>24739484
i could give you a legit answer but its funny watching you try and get it out of anons here when yo had three years

>>24736712
where do i sign up? I saw patrick has a new youtube channel where he walks through setting up nodes, but I'm still missing the part of what data I'm going to provide and how anyone is going to use my node.

>>24739522
Heads up the guys who did NuLink "as a joke" are still currently under investigation.

>>24739484
Instead of asking anons to spoon feed you, you should go to the chainlink website and start reading the extensive collection of articles and videos that answer all of your questions. If you’re actually interested in chainlink, that should have been your first stop instead of coming here

>>24739484
you're right, anon
this board has just been talking about a gigantic meme for 3 years and no one knows how it works
make sure to tell reddit about it when you go back there

>>24739484
>12 posts by this ID

>>24739583
What's NuLink? Along the same lines of what I'm talking about? As long as we aren't using Chainlink's name as our own, we should be good.

t. developer/musician who has sent a lot of time looking at licensing

>>24739583
listen, you are just cloning the aggregator contracts. Still using Chainlink, still running chainlink nodes, still listing on market.link. Just, charging less than for your feeds than the REVIEWEDNODECARTEL on feeds.chain.link

>>24739625
works for me, I work in devops so node operations fits my niche.

welcome to the link show where we can't answer any questions because "we are tired of answering" kek

>>24739466
Sounds reasonable. Not something that will influence the price short term though

>>24739700
like someone mentioned here, trying to fud fellow bizantines, at least make it funny.
https://docs.chain.link/docs/link-token-contracts

>>24739736
Yeah you’re absolutely right, I’m talking strictly about the long term. Knowing chainlink, we will probably crab for the next 2 years between $7 and $15 while company after company announce that they’re integrating smart contracts. And then one random Tuesday night link will explode to $300 with no news whatsoever

This
Many
New
Fucking
People

>>24739700
>>24739780

I guess I didn't explain it enough, but market forces will set fees like what you see in BTC mining, they will likely set a minimum fee to prevent spam attacks (as you see in most blockchain configs), so ultimately you might see a 0.0000018749984 LINK cost for a specific request.

>>24739700
>strooming faggot still coping
kek

>>24739946
right, that part makes sense but will the fees collected really be worth it to stake? this is the part that no one has answered. will staking return an annual ROI >6% ? if not, why the hell is anyone going to stake?

>>24739484
I answered like four times already.

>>24739700
And after alllllll
You're my wonder walllllll

>>24740100
no you didn't.

>>24740053
dude, 6% returns are fucking amazing, listen to yourself. Now are you going to help us build Chanlink or what?

>>24740151
You're retarded.

>>24740163
*6% compounding interest on top of an already vomit-inducing appreciation with this commodity

>>24740163
if the S&P averages 8% a year return, only legitimate retards (or those being heavily subsidized) will choose a much riskier 6% staking link. so you guys are saying the return on staking link will outperform the S&P which to me is absolutely unfeasible anytime in the next 10 years

>>24738504
>18 decimal points
literally every ERC20 has 18 decimal points, it's the default LOL linkies ...

>>24740240
I can't tell if you're being retarded on purpose or not...

Since you have to use stonks to grasp this, imagine Tesla paying you 6% real-time compounding dividends just to hold as it skyrockets 100x, are you starting to understand? I can't explain it much clearer than that.

>>24740151
nobody knows how it works, you just blew the scam wide open you fucktard

do everyone a favor and shut the fuck up

>>24740296
you seriously think tesla and chainlink will keep growing at their current rate of growth? i can't tell if YOU'RE being retarded on purpose. chainlink already is almost 12B fully diluted market cap. like messari research concluded, i don't see how this can grow at the same rate much longer which is WHY YOU ARE SEEING THE PRICE DECLINE btw, because intelligent investors know it's not going to keep growing at the rate when it went to $20. jesus christ you linkies are more retarded than i thought

I only hold <700 links, but i liquidated my retirement accounts and am going all in + lending it out for APY. But hell, if this node operating buisiness goes well, I can hopefully get to dolphin level before the REAL singularity.

>>24740377
>you seriously think tesla and chainlink will keep growing at their current rate of growth?
Yes, but with Chainlink you are becoming a stakeholder in the future of the global economy (you could argue the same with Tesla, but with CL you have a more direct stake over the economy). At this point I'm just shilling for you, you're probably a fucking LINK whale, fuck off.

>>24740377
>it's not going to keep growing at the rate when it went to $20
Kek, as if $20 is a lot. Why did it go to $20 in the first place? Because of some relatively minor hype. When the network becomes fully operational, enterprise adoption happens. When enterprise adoption happens, chainlink unironically has the potential to become one of the most valuable networks in the world

>>24739304
https://docs.chain.link/docs/faq#what-is-the-link-token-used-for
>The LINK token is an ERC677 token that inherits functionality from the ERC20 token standard and allows token transfers to contain a data payload.
link is unique and can't be replaced by something else

>>24740837
stop helping this retard make money. he needs to go back

>>24739488
You’re clueless. Both are needed

>>24739304
>>24739484
>3 years
Anon, I...

>>24740874
Ehh, I doubt he’ll buy any link. And even if he does buy some, he’s priced out of the big boy stack

>>24740377
i think it's very funny how you can speculate on price and sound so sure about it when you don't even know the absolute basics of how link works

>>24739484
>mfw no actual answers
MY FUCKING FACE

>>24735436
Link ain't AMB bear. Stop the fudding, you had 3 years.

>>24738833
checked
I'm not a neet though

>>24737934
Holy shit my dude
I invested 5k at this (((meme))) 3 years ago
I am currently holding 150k euros
Shut the fuck up coper lmao

>>24739304
You are right, just sold my stack, thanks

>>24740248
Nobody said otherwise, and that's not the point.

>>24739484
I honestly have no idea but went all in January 18 and have been buying since. Hoping to get 55555, but those last couple thousand are going to be a bitch now that we're double digits.

>>24741732
tell me about it nig, I knew about link in 2017 but had lost all my money margin trading and wanted everything to fail. It took me till 2019 to mentally and financially recoup, here I am, with buy orders to get me to about ~1200

>>24735012
>nodes work for free
>the post

>>24741732
based digits

>>24739625
Which means you are the contract's owner and you will be the one paying for the nodes. The contract owner is the one paying, not the other way around.

>>24740053
>17 posts forcing a top down expectation of value onto an asset that will serve a market that does not exist yet
wew

>>24739304
pee pee poo poo, get it?

>>24744123
>"Cars are basically explosives... Allah Akbar pajeets" Sergey Nazareth announcing his final solution to the "curry problem" WEF Zoom Call 2020

>>24740053

Link already returns 4.4% on celsius, with staking the % returns will be added to that. We’ll be paid >10% just to hold while it appreciates

>>24737051
wut, chainlink has the best marketing in the entire crypto. they managed to convince normies that they are partnered with Swift, Google, Oracle, and many others, when it's actually been proven to be false and fraudulent marketing.

Anyone who says Chainlink has no marketing is a brainlet, it's all expertly executed fraudulent marketing and 0 tech.

>>24739154
they key part you are missing here is the standard at which this all has to operate.
this shit *has to* work every time or its worthless
one error can accidentally whole companies. $9.99 APIs don't cut it when billions are on the line. this isn't stocks, there's no fucking clearinghouse boomers. naturally it follows that the only way to guarantee such a level of reliability is to have a system that is fully self contained. relying on third party collateral is messy and introduces unnecessary external risk. if you still can't see this then I'm sorry but I don't have time to explain it to you

>>24734798
Can someone explain this to a brainlet? Im reading what google has to offer but im still retarded

>>24745816
nodes make a peer to peer network off chain, they reach consensus on whatever data they are reporting, and then a single node reports on chain. This, opposed to
>every single node reports on chain individually
saves a lot of gas for individual node operators

>>24734798
no one cares stupid boomer

>>24738901
You need to abandon your definition of staking the way other projects do staking. The purpose of Staking on the chainlink network is purely to have collateral to incentivize good behavior and reliability. Some developer is going to want nodes that are running 24/7 delivering data for their sports smartcontract. They don't want a node that goes offline in the middle of the superbowl. Through staking, a node operator is essentially saying "use my node and I'll reimburse you and relieve you of your risk if something goes wrong as I'll put XXX link tokens up as collateral, an equivalent amount to a percentage of your project's operation's worth".

This is where the value of the Chainlink network and subsequently the token will be derived from; high value contracts demanding high value collateral.

Unless you're running a node, you should abandon the idea of looking for high ROI nodes to stake with. Not every node will be worth the same and get the same jobs.

>>24735012
If you read the new white paper from the WEF it literally states token IS needed.

>>24746901
The quote
>Open‐source oracle networks follow the same public good model, where secure oracle services are fuelled by a native token adopted by both oracle node operators and end users.

>>24738218
What's the cost ratio between the ETH network costs and Link node costs when we look at the previous and the new off chain method for a price feed?

>>24739042
>or will a trusted 3rd party like bloomberg release free oracles which the public will heavily rely on?
Are you actually this retarded?

>>24744287
>pajeets
>allah akbar
what are you talking about?

>>24739304

You had 3 fucking years.
I’m not ready to spoon feed.
Post pics with time stamp of real lady tits and I’ll spill the beans in a techie way
Or washed down for the normie to feel included way.

Tits with time stamp.

>>24736876
>>24735436
Based AMB bearfag. Brings back good feels of /biz/ in 2018.

>>24740377
SquareCracker, you been doxxed bitch.