/biz/ - Business & Finance

Link over $1 defeats the purpose of the token Rory confirmed in slack

Sergey personally stated that the tokenprice should be as high as possible

>>9118465
can you explain why, or post the screenshot?

>>9118419
Worthwhile project? Perhaps. That doesn't necessarily mean it's a good investment though. You don't understand the project if you believe "the whole point of it is to be worth around $1". It's just a meme meant to trick brainlets like you (much like the 1k eoy meme).

>>9118488
Well, yeah, I don't understand the project. That's why I'm asking about it.

>>9118475
How about you start by reading the whitepaper? I can't believe how lazy most of you are. You are delusional if you think you will make it in investing without putting in any work.

>>9118510
No one mentioned investing, I don't even hold any coins, I'm just following crpyto related news.
Calm down there, friend

>>9118488
wait what i thought 1k was real
FUCK FUCK FUCK

>>9118533

1k is real, just not this year

>>9118419
the more expensive the token, the greater the incentive for oracles to be honest, therefore the better the oracle, therefore 1000k eoy

>>9118533
1K EOY is literally confirmed.

>>9118475
its fud

LINK will be tied to the respective fiat value of data requests. So if LINK does x100 then the cost will go down 100x.

>>9118966
Checked

priced in

>>9118978
Wait so the more expensive Link is the cheaper the costs?

>>9118966
Checked sir!

>>9118990
yeah. If the cost of data requests scaled linear with token price then no one would use the network when the price increased.

>>9118990
The value of a transaction requires the needed amount of LINK, depending on how many tx are going on and at what price, will determine the value of link in order to sustain the network. A 10,000 contract would be 10,000 link at $1 or 10 link at $1000

Considering selling my 100k link for req. You cant lose

>>9118419
The fiat price of Link doesn't matter.

Suppose a certain node fee is 1 cent USD.
If the price of Link were 10 cents per token, then you'd pay the node 0.1 Link.

If the price of Link were 1 million USD per token, then you'd pay the node 0.00000001 Link.

It literally does not matter.

>>9119190
It does matter, because if you buy in now, when Link worth thousands you can have many nodes all receiving fees.

>>9119227
Not sure what you're talking about.

Of course large-scale usage of the Chainlink network is going to have an impact on the price; not just simply practically (more and more people NEEDING tokens, increasing demand) but also simply because of speculation (i.e. they're kind of like shares).

My point is that Link could be 1 million USD, and it would be just as usable within the network.
The whole "Link over 1 USD defeats the purpose" thing is completely retarded.

>>9118533
It is possible that we could see $1,000 per link, just not EOY.

>>9119227
>Early adopters are at advantaged
What a surprise...

>>9119190
Exactly and that is why they creatwd it with 18 decimals because of the events 1 million per link in 2025

>>9119276
Nevermind, I didn't read the OP. Immediately read your post as fud. You are correct

>>9118510
Nice pasta

LINK COPYPASTA

I hold link, but your post was so intellectually muddled I actually don’t want you to hold the same coin as me.

Blockchain is TRUSTLESS which means you don’t have to trust anything. You KNOW the code is going to run as written because it’s impossible for you to be shown one thing and something else happens behind the scenes.

LINK will make the whole of human affairs TRUSTLESS. Meaning you no longer have to trust anyone any company or any damn thing ever. If you insure something you KNOW the contract will execute regardless and the inverse is true, you cannot cheat the contract by making false claims. It will bring that to all aspects of human affairs. Politics, economics, trade, computing, science will all be revolutionised by trustless decentralised oracles.yes, chainlink is the most advanced project in this regard and is currently the greatest hope humanity has for progress in to this new age. But please. SHUT THE FUCK UP AND ACCUMULATE. When they finish this project it will be the greatest leap forward for humanity since the invention of blockchain technology. Will there be bugs? Yes. Will there be teething problems? Yes. But we’ll get there in the end. This is sergeys life’s work. He will succeed by hook or by crook and he has the funds and the team to pull it off. I have not been so sure about a project since I first clicked send on my bitcoin transaction to the Ethereum ICO all those years ago.

Yes, early Eth Holder - ChainLink represents the catalyst to mainstream Smart Contracts.

>>9119828
Fucking shit. Forgot to delete link copy pasta. Fucking ruined it damnit.

>>9118419

REQ just dumped on LINK by developing their own oracle.

Sergey had ONE job. And he locked himself in his bedroom with a box of fish sticks.

>dump it, fatman failed us

>>9119848
>muh Link didn't meet Req's deadline

The delusion is real.

>>9118510
>quite extraordinary statement
>muh "read the whitepaper" as explaination
weakest fud

>>9119843

Sort yourself out