/biz/ - Business & Finance

[Anonymous No.10646192]

Is ChainLink a scam? The market cap needs to be bigger than the entire top 5 coins (INCLUDING bitcoin) to surpass $10. That's ridiculous....

[Anonymous No.10646204]

lol no it doesn’t.

3.5 BN market cap = $10. We’ll see that before EOY and likely something closer to $90.

[Anonymous No.10646209]

>>10646192
What in the fuck are you talking about? Besides, posts like this go to Reddit, not here.

[Anonymous No.10646233]

At Bitcoins market cap chainlink would be over $300...

[Anonymous No.10646244]

CL does what ? Accesses dapps.
If companies need access to those dapps they can write their own contracts and feed the dapp data directly to them. Why the need to pay CL network to do that ?

[Anonymous No.10646263]

>>10646244
WHAT IN THE FUCK ARE YOU PEOPLE BLATHERING ABOUT? TAKE THIS DUMB FUD TO REDDIT.

[Anonymous No.10646275]

>>10646244
Thanks just market sold all my linkies

[Anonymous No.10646336]

>>10646192
>still falling for the marketcap meme in 2018

[Anonymous No.10646343]

>>10646192
If you read the white paper you would know LINK going past $1 defeats the entire purpose of the token.

[Anonymous No.10646368]

>>10646343
>If you read the white paper you would know LINK not going past $10,000 defeats the entire purpose of the token.

[Anonymous No.10646376]

[Anonymous No.10646383]

>>10646343
Is this real?

[Anonymous No.10646398]

>>10646244
in case you are not trolling:

>chainlink is a bridge that runs on the ethereum network, it will connect with all other blockchains, and all other data feeds. it's a a decentralized oracle because it enables the same DLT technology as bitcoin on a global scale. so banks can transact with one another utilizing LINK, never interact with anything to do with dapps or eth or bitcoin.

chainlink is literally the most important project of our time, if you don't believe this you are either fudding or just need to read more

[Anonymous No.10646399]

>>10646244
I can't believe a human being wrote this. I'm amazed that this dumb SOB even managed to type this.

[Anonymous No.10646424]

>>10646383
No, go read it yourself.

[Anonymous No.10646660]

>>10646244
Checked but you misunderstand chainlink. Chainlink's goal is to be a decentralized network that allows access to real world data through standardized and trustless APIs.

[Anonymous No.10646675]

>>10646192
Chainlink is no scam. You have to be willing to see through the darkness, see beyond it.
2.5k eoy

[Anonymous No.10646769]

>>10646192
The only scam here is your fucking thread. Of course if people believe your math then they don't deserve to make it.

[Anonymous No.10646773]

>>10646192
It’s no scam but idiots don’t realize that you have to make your oracle valuable. So a price of a link can be 50c while a link that has been staked and as a result gathered positive feedback can be worth $100

[Anonymous No.10646790]

>>10646773
This is completely and utterly incorrect.

[Anonymous No.10646841]

>>10646790
Trusted oracles will be worth more than oracles sitting on the sideline. Read the white paper.

[Anonymous No.10647280]

So why is it dumping if it's so game-changing? I think you guys are exaggerating...

[Anonymous No.10647357]

>>10646841
Trusted oracles will be paid to verify data as they are staked link rather than sitting in cold storage. There will, however, be no difference in the market price of any link token.

[Anonymous No.10647363]

>>10647280
Stock market crash of 1929
90s dot com bubble
2008 Recession
Bitcoin's repeating pattern of boom and bust.

We live in a capitalistic society that games the market forces to transfer value from the many to the already wealthy few. Every altcoin is linked to Bitcoin's price action.
Chainlink has amazing potential to change how the financial industry works. Definitely look into it with an open mind. The FUD is part of the illusion, the memes are the opposite end of that spectrum.
2.5k eoy

[Anonymous No.10647471]

>>10647357
That’s a half truth. ChainLink Reputation System will make user ratings public for who want smart contracts. Those oracles that have high reputation will be valued more than those sitting in cold storage. So the value of a link will be different according to its reputation. PG 18 of the whitepaper

[Anonymous No.10647537]

>>10647471
amusing

[Anonymous No.10647729]

>>10646192
Your math is off by a few zeroes.

[Anonymous No.10647832]

>>10647537
That’s from the whitepaper

[Anonymous No.10647960]

>>10647832
no it isn't. the plan is that nodes with high reputation will be able to command higher prices for their service. it doesn't have to do with "oracles that are in cold storage." you need practice if you're going to fud, maybe try stringing together a lot of insignificant lies instead of relying on one huge, retarded lie.

[Anonymous No.10647961]

>>10647471
I'm not sure how the market can differentiate between a link token that has been staked and one that hasn't unless there are 2 separate distinctions on any given exchange. Payments are made to node operators according to their reputation. This form of payment has no bearing on the price of a token that is being staked versus one that is sitting in cold storage. Maybe I'm a brainlet and am missing something here as I just reread page 18 of the whitepaper for clarification.

[Anonymous No.10647985]

>>10646192
Link (as well as other alts) market caps will scale if Bitcoin's does.

It's as simple as that - you're looking at prices compared to Bitcoin's right now, which is wrong.

Once Bitcoin hits $50k-$100k, you'll see your $1000 Link

[Anonymous No.10648016]

I did the math. For it to reach 50 cents it would have to have a trillion marketcap and surpass Bitcoin. Still think it's possible?

[Anonymous No.10648110]

>>10647960
If they’re able to command a higher price... then they are more valuable and hence more expensive. Instead of renting out a shovel, you rent out a digging machine. Digging machine is much more valuable.

>>10647961
Reputation system will be done by third party services, like linkpool, and also ChainLink will be keeping an eye on the tokens to look for bad behavior.

And yes it would reflect the price of a
Token. Because then System would not deter users from unfair play. Say a bad user tries to hack the system and gets caught. That node has become worthless compared to other link. If it carries the same market price it wouldnt be penalized.

All I’m saying is that links will have to be put to work via setting up your node or services for staking like linkpool. It’s another race.

[Anonymous No.10648123]

>>10648016
Wow. Just wow.

[Anonymous No.10648226]

>>10648016
Actually, it only needs to get to 49 cents, but who's arguing ;;;;)))))

[Anonymous No.10648272]

>>10646383
Sergey removed the part where he said the optimum price of LINK would be around a cup of coffee

[Anonymous No.10648346]

>>10648110
For a node operator that has bad reputation you'll be penalized by losing some of the Link that you stake. They will not change the price of individual tokens as penalty for bad reputation. Payments are made to node operators that are totally separate from the value of a single token. Operating a node with good reputation gives a passive income and will not give your tokens a different market value to any other token on an exchange.

[Anonymous No.10648431]

>>10648346
Yes that’s true. Also Penalized in not being able to stake a bad node since that node has a bad reputation and this will show in the “bidding process” when a user executes an order for a smart contract. Having a low valued node frustrates the nodes purpose.

[Anonymous No.10648436]

>>10646383
It's real see >>10648272. It shows just how deluded link bagholders are here cause if any of them actually did even the smallest bit of research theyd see how link ever being over the $1 - $1.50 range defeats its entire purpose

[Anonymous No.10649488]

>>10646204
Tokfuckingkek you see ETH? Are you fucking blind. You’re worse than nano bag holder

[Anonymous No.10649500]

[Anonymous No.10649513]

>>10646192
It's been confirmed time and time again by people on the team, that it takes no LINK to run a node, so the idea that 'most LINK will be locked up in nodes' is not true. If anything it'll be the opposite, with LINK constantly hitting the market as node operators get payout.

So it seems safe to say that the total supply will actually be pretty similar to the circulating supply. Even throwing LINKies a bone and saying circulating supply is 750 million, that means to reach just $10 it would need a market cap of 7.5 billion dollars, aka a x75 of value. Generous growth in any market, impossible in a bear market. $100? 75 BILLION DOLLARS. The same currently as ETH, XRP, BCASH, and EOS put together.

As for $1000 EOY? Now that is the saddest story of all. Conjured up by little LINK corporals that want to be multi millionaires, and little Linklets that want to be any kind of millionaire. There's no other reason to dream of such a ludicrous price that only a handful of coins could even reach during the greatest crypto bullrun of our times, let alone one with such a huge supply. The only coin I've named with a similar supply to LINK is EOS, which barely broke $20 at it's peak. Enough for the whales of /biz/ to turn a nice profit (assuming even that happens), but gives just scraps for all the Linklets they've deluded along the way. If you aren't following the math by now, it's a 750 billion marketcap by the way. Just shy of a trillion dollars by itself, not even including the rest of the crypto market. Worth almost as much as Apple... Jesus christ this would be sad if it weren't so FUNNY

[Anonymous No.10649517]

>>10646244
HAHAHA you don’t even know what chainlink is fucking idiot

[Anonymous No.10649541]

SAGE this whole thread and all the dummy linlets and no linkers in it> Stay poor faggies

t. the gos

[Anonymous No.10649616]

>>10646398
Do you honestly believe this deep down?

t. when I’ve researched chainlink extensively and know in finance, participants want a centralized reference value (e.g. Libor or a specific Reuters page for a bond price fixing). This ‘decentralized’ approach really isn’t useful or applicable to finance, especially with the Reuters B1IQ offering.

Although you are correct that ETH will fail if they don’t use a decentralized oracle network. A public chain like eth using orcalize doesn’t make sense.