explain to me in simple words how an utility token has any value outside speculation

[Anonymous No.11789168]

pro tip you cant.

[Anonymous No.11789174]

>>11789168
Trustlessness

[Anonymous No.11789180]

Removing the need for trust.

[Anonymous No.11789198]

>>11789174
>>11789180

It's as trustless at 0,000001$ that at 1000000$

The monetary value of the token has nothing to do with it.

[Anonymous No.11789229]

>>11789198
The price indicates demand for access to trustless functionality.

[Anonymous No.11789234]

Thats true but alas you still named a price, how much is up to the dynamics of whatever is the context

[Anonymous No.11789247]

>>11789198
OP literally blew himself out hahahahahahahahahahahahahahahaahaha

[Anonymous No.11789279]

ICOs were the biggest scam ever.

Imagine how brilliant this is:

>create a company with a bunch of friends (shareholders)
>You own everything that the company produces
>get funded by a bunch of Radjeets on /biz/
>cash in a bunch of the money and build a functioning product with the rest
>charge clients to use your product
>token holders get nothing
>token makes the system run whatever the monetary value the speculators assing it

brilliant scam

[Anonymous No.11789311]

>>11789229

a) That's what we were told and I used to believe that... but the reality is that you can execute the same action with the smallest unit possible.

b) anyone joining the network wants the lowest cost possible for the transaction.

It's a race to the bottom.

Why would anyone want to pay a 1000$ EOY link to use the network if the next guys can build the same network for 0,000001$EOY

It doesn't make sense on any level.

Utility tokens are pure speculative assets...

[Anonymous No.11789336]

>>11789229
this.

if you can buy a product only with a token, the token value represents the demand for the product.

imagine you could only buy with a Walmart token at walmart. the token would have the value of all the products you can buy with it.

[Anonymous No.11789354]

>>11789336

You're not buying a product with a utility token.. your token serves the purpose of making the system work.

In other words, Ethereum worked at 0,50$ the same way it worked at 1200$

Ethereum has never been used as much as today but the price keeps on falling. The price of the token has nothing to do with the people using it.

In fact, the lower the price the higher the usage.

[Anonymous No.11789398]

Imagine you're Sirgay and you actually build the greatest blockchain oracles ever...

copy/paste the code

let link die

launch IPO, make 100millions on it.. or just sell it to Microsoft..

Who's going to sue you? Link token holders? ahaha... But I sent ETH to your ICO, your intellectual property is mine! lol

[Anonymous No.11789415]

>>11789398

Damn breh why you do that to me

[Anonymous No.11789493]

OP is so fucking dumb lmao

[Anonymous No.11789517]

>>11789311
>a) That's what we were told and I used to believe that... but the reality is that you can execute the same action with the smallest unit possible.

>b) anyone joining the network wants the lowest cost possible for the transaction.

But would not this same argument work with cryptos itself? I mean look at Bitcoin transactions, why did we see it valued such high considering the fucking costs an absolutely fucking shit, slow network fucking shit

I mean why does it even have value at this moment when we have technically better cryptos at the moment

[Anonymous No.11789653]

>>11789517

It's what I'm saying... every single coin/token issued price is and always will be solely based on it's speculative value.

Tech/Partnerships/Adoption has zero relationship to the price of the token.

Why would any Blockchain company see their rate of adoption tempered by the market price of their token?

Chainlink inc. or any other shitcoin inc. owns the property of their intellectual work. They can just launch a private chain or sell the tech. They owe nothing to the token holders.

[Anonymous No.11789725]

>>11789168
It has value like any other currency. Whoever will provide most convenient transactions will attract demand. We are still in Bitcoin age.

[Anonymous No.11789753]

I have a great blockchain solution for you.. but it's 1000$ EOY

Yeah no thanks, too expensive... I'll go with the other guy.

Lose every client because speculators pushed the price of your service too high...

great business plan, Sergay

Do you guys understand that the higher the price of the token the lesser the number of entities that will be willing to use it?

Imagine is the price of using Windows was pegged to the price of Microsoft's share...

THAT'S SO FUCKING DUMB

Imagine a company saying, yeah, I'll use LINK!! Goes on the blockchain thinking it will cost them 1$ a dat, but then speculators push the price up 300% and in a month, and now it costs your company 3$ to use the network...

nothing of this makes any sense.. we've been assfucked bizzies.

[Anonymous No.11789854]

>>11789168
>>11789198
>>11789279
>>11789311
>>11789354
>>11789398
>>11789653


You fucking mongoloid newfag lol

Noone is using eth for anything than speculation yet, but ICO is not only usecase and people speculate on future demand:

>what is gas
>what are smartcontracts, nft-s, etc

Yes most icos have shit tokenomics and cant answer to simple "why just not use eth?" but there are some that absolutely need it

>how dai/MRK works without token?
>how Agur works without token?

I see you are stucked on chanlink expample let me draw it:

>you can pay node in usd/btc/eth whatever
>node makes money =node got value
>node is made from cl stacked as collateral=cl got value
>more usage=more money you get=node more value=cl more value

but,but next guys can build the same network for 0,000001
>competition between nodes dictates price+demand

but,but shadowforking, cloning project etc
>you dont really grasp concept of open source nature of this shit do you? You can clone everything and noone gives shit

>NETWORK VALUE=NUMBER OF USERS

>also you fail figure out idea behind decentralised nodes or why chainlink needs them how the fuck you "clone code and sell it to microsoft"

but,but but then speculators push the price up 300% and in a month, and now it costs your company 3$ to use the network

>You dont pay nodes and work they do in link you incel, you chose how much nodes you need to fetch data and how high level of security you actually need

[Anonymous No.11791001]

>>11789311
>Why would anyone want to pay a 1000$ EOY link to use the network if the next guys can build the same network for 0,000001$EOY

Listen you fucking retard and listen well because I'm not gonna repeat myself, the customer of the CL network doesn't care if the token is 1c or $1k because if it's 1c he has to buy a shitload more than if it's $1k, everything is denominated in fiat you absolute brainlet.

And no, you cannot just "sell chainlink" to somene or copy it because they value of the protocol comes from the network effect and node operator willing to work on it. You fucking piece of shit, you don't even know how token economics work, kys immediately