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/biz/ - Business & Finance

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17539372 No.17539372 [Reply] [Original]

How legit/deluded bs are these ramblings?

https://medium.com/@maxsarafin/chainlink-tokenomics-the-guide-to-understanding-a-unique-asset-class-link-b766d5a89759

>> No.17539403

>I am a Junior business student at The University of North Carolina at Chapel Hill Kenan-Flagler Business School.

Stopped reading right there.

>> No.17539405

>>17539372
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-4-5 years?

>> No.17539444
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17539444

>>17539405
>Is 1000$ really possibly in say the next 3-4-5 years?
Its inevitable

>> No.17539505
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17539505

>>17539372
>>17539405
short answer: $1k link in 5 years, $10k link in 10 years

>> No.17539528
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17539528

Who gives a fuck about al this nerd shit? All I wanna know is...

WHAT THE FUCK WAS THAT!?

>> No.17539535

>>17539372
Basically magical thinking an no real discussion of how it'll actually work. The whole thing rests on the idea that node operators will just keep hoarding LINK and that 'corporations' will actually be interested in hodling stacks of link, which is just absurd on its face.

Reality is that all link paid o node operators will prob be put right back on the open market, which makes it a predictable level of inflation.

>> No.17539615

>>17539403
I too find squirrels very distrac

>> No.17539686

>>17539372
I like this one

>> No.17539830

>>17539535
>The whole thing rests on the idea that node operators will just keep hoarding LINK and that 'corporations' will actually be interested in hodling stacks of link, which is just absurd on its face.
lmao, try actually reading it you dummy.