/biz/ - Business & Finance

[Anonymous No.15880255]

This is why staking chainlink will never work

>Price pumps to 20 dollars
>suddenly everyone wants to sell
>Cant sell because chainlink is stuck in a node

[Anonymous No.15880271]

>>15880255
>cant read
>cant sell

[Anonymous No.15880273]

>>15880255
holy shit youre dumb.

[Anonymous No.15880304]

>>15880273
How is the point i made dumb?

It is such an obvious argument

[Anonymous No.15880305]

>>15880255

what's preventing them from doing both... You can have a staking stack and a swing stack

[Anonymous No.15880346]

>price pumps to 20 dollars
>nobody can sell
>nobody is selling
>price pumps to 1000$ EOY

[Anonymous No.15880386]

>>15880255
You don’t choose how much LINK to collateralize with, you choose a different currency and the value is collateralized with the appropriate amount of LINK

[Anonymous No.15880441]

>>15880255
>what is the singularity

[Anonymous No.15880499]

>>15880304
>18 decimals
Kys faggot or go to business school

[Anonymous No.15880506]

>>15880255
>price pumped to 20$
>no one can sell because staking
>sergay dump 700k

[Anonymous No.15880642]

>>15880506
The perfect plan. mastermind

[Anonymous No.15880781]

>>15880255
According to LP there is no lock or time period. Programming in fluidity/liquidity staking is a few extra steps but pretty easy (there might be issues or locking a bank-run scenario).

Or if you're a little complaining whiny bitch nolinker such as OP just don't stake. Simple.

[Anonymous No.15880783]

this post is falseflagging b8, but staking really is a meme.
staking becomes economically unviable when the yearly returns are less than 5% or so of the total staked amount. people will just sell then.

[Anonymous No.15880789]

>>15880255
It's more like
>price pumps to $20
>No one sells because $1000 eoy

[Anonymous No.15880833]

>>15880386
What if the link changes value relative to that currency during the contract period?

[Anonymous No.15880849]

>>15880304

[Anonymous No.15880865]

I'm sick of my inbox spammed with horse pictures so I always come here for my linkpool.io news.

[Anonymous No.15880875]

>>15880833
use collateralized debt

[Anonymous No.15880910]

>>15880255
wouldn't staking reduce the circulating supply? that would make the price jump up?

[Anonymous No.15880916]

>>15880346
this, I don't see what the issue is here

[Anonymous No.15880944]

>>15880255
Image not HODLing.
Imagine selling at $20.

[Anonymous No.15880956]

>>15880875
That sounds fucking sketchy...

This is the first fud in a while that has got me thinking.

How would you go about proving you have access to that debt to a job requester? WHat if the value of your link goes down way below the value of the contract, you fail to provide ggood data and the network takes you link, but in addition to that, you still owe more link since the collateral was originally value in USD?

[Anonymous No.15880959]

>>15880956
Sorry, about the incessant typos, my keyboard is fucked. I'm not a pajeet

[Anonymous No.15880962]

>>15880255
Yikes!

[Anonymous No.15880964]

>>15880304
how do you manage to breath everyday? dumb faggot

[Anonymous No.15880986]

>>15880956
Then it's on a requestor to not chose nigger nodes.

[Anonymous No.15880999]

>>15880304
Because you are dumb as fuck anon you can pull your fucking link from linkpool at anytime you retarded fuck it's a smart contract . Also to run a node you need 100k link and I know fuckin well your retarded cant research ass dosent have that many

[Anonymous No.15881011]

>>15880956
>>15880986
Also requestor means the company employing/deploying the SC. Node operator / oracle would be called a provider, jeet

[Anonymous No.15881012]

>>15880386
wrong link is the collateral

[Anonymous No.15881084]

>>15881012
I think they mean from the requesting side. They say "we want 10mm usd collateral" when choosing oracles.

The idea is to never have a complete service failure that would wipe out a node/nodes. Their bad/malicious input would be overruled by your 5, 10, 1000 other responses being in agreement ....and then only result in a small penalty for the offender

[Shot Caller No.15881121]

>>15880506
This anon gets it. Keep it low key, you wouldn't want Sergey upset at you and activate his mission early would you

[Anonymous No.15881136]

>>15880956
there are already systems in place on the Ethereum blockchain in which a smart contract facilitates a collateralized debt position.

[Anonymous No.15881182]

>>15880304
This project has been discussed daily for over 2 years now and you think you're the first brainlet to come up with this retarded ass idea? This dogshit wouldn't even fly in October 2017 you should stop posting and lurk more or better yet stop posting completely and fucking neck yourself.

[Anonymous No.15881428]

>>15880783
If I have 1 million dollars worth of link and it gives me a 50k annual return I will never fucking sell

[Anonymous No.15881603]

>>15880999
>Also to run a node you need 100k link
Wait, really?
Dang, I guess that leaves me out.
What about when LINK is 1000 EOY, you'd seriously need $100,000,000 worth of LINK just to run a node? Seems a little crazy doesn't it?

[Anonymous No.15881786]

>>15880833
This is my question, does the node increase or decrease what they have put up for collateral?

[Anonymous No.15881944]

>>15881428
especially because the LINK token value wrt fiat would follow actual inflation and not the meme figure governments spit out by nature of the very contracts LINK is securing, thus greatly outperforming simply investing fiat money.

[Anonymous No.15882052]

>>15881786
You guys are asking hypotheticals that can't be answered because it's not done yet. Quite annoying and half a step above "hurry when moon".

My personal speculation, from doing my own research, is it will be however the requestors (customers) want. Much like every other variable sirgay has said that the market will decide. CL is just a framework, it's up to the participants to make the rules.

The reality is that the people asking these brainlet questions aren't going to be running a (profitable) node...so you won't need the answer. Just throw it in a pool and let someone else worry about all this dumb whatifs for a 1% fee.

Hypothetically there can't/won't be any significant loss once there is some adoption. Once companies start using smart contracts it won't stop, or even slow...only increase. Market selling will be a small blip instantly eaten up, but there is no off button besides complete failure or a competitor completely taking over.

Dips only happen in speculating chink coins and variable total supply donothingtc. The cost of finite industrial resources doesn't go down....only up

[Anonymous No.15882595]

>>15882052
good post

[Anonymous No.15882679]

>>15880255
staking is actually bad since it's tied to how much you can make as a node so as the price rises it'll take fewer link to stake meaning theres more floating around

[Anonymous No.15882690]

>>15882052
how do I marry her?

[Anonymous No.15882735]

>>15880255
That’s the whole point of staking retard

[Anonymous No.15882895]

>>15880255
about to get massively justed

[Anonymous No.15882976]

It would be better to convert LINK into a stablecoin and using that to stake the contract? Or maybe I am just retarded?

[Anonymous No.15882996]

>>15882690
Idk move to Russia or wherever and ask her.
>>15882679
Fud, but I'll answer. Higher value link would give your node/stake the ability to do more jobs (requests) and jobs with higher prestige to earn more money. It would also bump up your reputation having a 10mm node vs some 5k neet rasberypi weather checker "mining" rig.

[Anonymous No.15883039]

>>15882976
are stablecoins suited for staking? I’d think stablecoins and stakecoins have incompatible purposes

[Anonymous No.15883057]

>>15882976
Yes, then there's virtually no reason for link tokens. Aka fatty doesn't become a trillionaire. That's the entire idea behind everything in utility blockchain projects...you have to use their token to give value to their token, as reward for creating something with utility (or be iexec and just claim everyone else can't do anything, while never doing anything, and scam dumb assess stupid enough to baghold).

[Anonymous No.15883076]

>>15883057
Chainlink is literally the most useful application of blockchain out yet. Fuck off with your low-tier semantic fud, I could beat the snot out of you mentally.

[Anonymous No.15883184]

>>15883076
Read comprehension dumb nigger, use it. Of course it is. Ive known about bitcoin since it was 10 cents, and never bought because it's a ponzi that doesn't do anything. I'm literally all in LINK like 20 bucks floating between my bank accounts allin.

But technically you could implement CL without link tokens, just having an exchange rate oracle convert to whatever fiat or coin for you and gay charging a fee that gets distributed to oracles (then they use the exchanger). Probably be too "centralized" for you reddithomos that love meme words...but it's just easier and less gay to have a dedicated token. Substantially more potential to make money off of it too, I'd guess.

[Anonymous No.15883225]

>ridiculous fud
>/s/ posting
This is just embarrassing. No second of thought has been invested in this fud. OP jump off a cliff, your life is worthless

[Anonymous No.15883681]

>>15880273
he's not wrong though

[Anonymous No.15884000]

>>15881603
there is no minimum