/biz/ - Business & Finance

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Anonymous Sun Nov 17 22:02:20 2019 No.16291030 [Reply] [Original]

How will contracts remain properly collateralized if speculation of LINK is constantly changing the value?

>>	Anonymous Sun Nov 17 22:04:17 2019 No.16291048 >>16291030 LINK will replace USD 2025

>>	Anonymous Sun Nov 17 22:05:34 2019 No.16291060 https://www.youtube.com/watch?v=JIdcips9vPU

>>	Anonymous Sun Nov 17 22:07:29 2019 No.16291076 An auto executing smart contract that changes the price required according to the usd value of LINK

>>	Anonymous Sun Nov 17 22:12:14 2019 No.16291113 >>16291076 ok, and what if the node operator has no more collateral to offer once the smart contract determines he requires more? transaction canceled?

>>	Anonymous Sun Nov 17 22:12:14 2019 No.16291114 >>16291076 Use a period like you use the street, Manmeat.

Anonymous Sun Nov 17 23:50:48 2019 No.16291816

>>16291048
This but unironically
The dollar has been the currency of choice for global oil trading, and now that is slowly being dismantled.
Data is the oil of the 4IR. Data will be values in link, not usd. People will be moving their currencies around, their assets, etc and paying for it in link. At some point they’ll just start using link itself as currency since it will have a value determined globally and therefore superior to using any particular nations currency. It’s true when anons say that the linklets will be the ones that make it the most. 1k link is fud, but what I am describing is a long term scenario in which 10k link becomes fud and 100k is the new eoy target.

>>	Anonymous Mon Nov 18 00:15:14 2019 No.16291965 >>16291030 Who the fuck knows crypto is just a meme retard. Stfu so we can dump on normies when it goes to $1000.

>>	Anonymous Mon Nov 18 00:20:52 2019 No.16292004 They literally addressed this exact issue. Lurk more.

>>	Anonymous Mon Nov 18 00:25:19 2019 No.16292037 File: 416 KB, 1660x1234, 9C6C0651-775F-4ED8-A06E-A21D8A0A4DE2.png [View same] [iqdb] [saucenao] [google] >>16291030 It’s literally in the white paper. Once LINK gets adopted, it’ll transition into a stable coin at roughly the price of a cup of coffee.

>>	Anonymous Mon Nov 18 00:30:42 2019 No.16292082 >>16292037 FUCKING THIS RETARD OP

>>	Anonymous Mon Nov 18 00:53:59 2019 No.16292227 >>16292037 I don't get why dumblinkers aren't aware of this. Industry partners already hold millions of tokens, this isn't a "for profit" scheme, it's a tool. Buying chainlink is like hording power drills expecting their value to go up.

>>	Anonymous Mon Nov 18 01:11:15 2019 No.16292358 >>16292037 Except it's not

>>	Anonymous Mon Nov 18 01:13:01 2019 No.16292362 >>16292227 More like bone density scanners

>>	Anonymous Mon Nov 18 03:44:56 2019 No.16293109 >>16292037 $1000 eoy?

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