This is just a cash grab / waste of money, isn't it?

[Anonymous No.19788346]

There will be a multitude of third party options for staking LINK. I don't see why people are spending so much for LP. You'll be able to stake for free on Coinbase, Kraken, and Gemini most likely...

[Anonymous No.19788357]

yep

[Anonymous No.19788377]

isnt linkpool using a smartcontract?

[Anonymous No.19788442]

>>19788377
Yeah. They're just selling their token. It's not needed

[Anonymous No.19788580]

>>19788346
LP doesn't even need Chainlink to perform well. Linkpool will moon when ETH 2.0 staking goes live this year.
Market cap is still ridiculously low, like 1/4 of Rocketpool, which is just an ETH pool.
The one thing that keeps LP down is unit bias. People rather want to own thousands or millions of coins rather than 0.2 of a coin, so they buy some low sat scams.

[Anonymous No.19788626]

>>19788442
if they are using a smartcontract that means they are trustless retard. unlike jewbase and the other shitsites you are mentioning.

[Anonymous No.19788647]

>>19788626
Money is money. I'm not a doomer schizo cipher punk loser. I just want stable ROI. I don't give a fuck if it's through Coinbase. I pay taxes.

>>19788580
You used to be able to buy one for 7 eth. It already mooned.

[Anonymous No.19788652]

>>19788626
they will get their smartcontract as well, wait and see

[Anonymous No.19788674]

>boy i wonder which node operators will become generally agreed upon as the best, and therefore will be the most used
pic related

[Anonymous No.19788686]

ITT: coping poorfags who didnt buy LP during the ICO

[Anonymous No.19788691]

>>19788674
Lol the other node operators arent far behind

[Anonymous No.19788733]

>>19788647
>>19788652
it has nothing to do with taxes, it has to do with having your own coins in your possesion and it being trustless, also i highly doubt that jewbase will create a functioning smart contract when they can just go the (((centralized))) way instead.
i dont own any linkpool but i have considered investing in the future

[Anonymous No.19788736]

>>19788686
You're the one who is coping because you threw away money for no reason.

>>19788691
This. There will be an explosion of competition. LP was just a cash grab

[Anonymous No.19789053]

>>19788736
I literally 10xed my money and am gaining passive links you absolute retard

[Anonymous No.19789125]

>>19789053
>am gaining passive links
Larp. Staking hasn't started yet. How the fuck are you gaining passive link

[Anonymous No.19789147]

>>19789125
You gain links from holding LP shares

[Anonymous No.19789162]

>>19789125
>Post FUD thread about LinkPool
>Doesn't even know basic facts about LinkPool
Every. Fucking. Time.

[Anonymous No.19789180]

>>19789125
Pathetic lol

[Anonymous No.19789603]

>>19788346
>>19788647
>>19788736
>>19789125
>>19788442
Are you aware of the fact that unlike PoS blockchains, with Chainlink if you stake more than the colateral requested by smart contracts you don't get more rewards? There is a limit for how much contracts asking for collateral you'll be able to serve. Once you pass that limit, if you let users stake you are actually cutting their rewards.

Let me be clear, if you serve 200 contracts that ask for 1 million USD in LINK as colateral at the same time, you will only need 200 million USD in LINK staked. If you reach that limit and you keep allowing your users to stake, you are not going to earn more, but instead your users will earn LESS since you will be distributing the SAME amount of LINK among MORE stakers. That's why Coinbase having their own node it's not a valid fud. They will stablish a limit of LINK to be staked that will be dynamic on demand.

The smartest thing to do is either what Linkpool did, (to attach their staking allowance to a token that represents your staking rights on their node) or set a limit in order to enable a first-come first-serve service. That means that either you are fast as fuck getting in or you pay for a token that allows you to stake.

[Anonymous No.19789615]

>>19788733
they will be forced to or else they will miss out big time

[Anonymous No.19789686]

>>19789147
>>19789162
>>19789180
Enjoy your 0.4 LINK per LP every 2 weeks lmfao....I'd rather spend my ETH on buying LINK directly

[Anonymous No.19789763]

kek op will be quietly buying my LP bags at 500 eth a piece when he finally gets it

[Anonymous No.19789784]

>>19789763
No. I'll just stake on Coinbase

[Anonymous No.19789810]

>>19788346
Stake for free? No, stake for a fee

[Anonymous No.19789817]

>>19789784
You won't be able to stake on Coinbase because of this >>19789603

[Anonymous No.19789972]

>>19789810
>>19789817
You won't need LP tokens to stake on LP though.

[Anonymous No.19789988]

>>19789972
i think you need them to get priority

[Anonymous No.19790037]

>>19789988
Yeah initially staking will be only for LP holders but eventually it will be open to all

[Anonymous No.19790115]

>>19789972
But you will need LP for staking in high quality nodes

[Anonymous No.19790135]

>>19789972
You will. At least while the demand for LINK collaterals is smaller than the amount of LINK waiting to be staked by LINK holders. That period will last a few months after staking is released, maybe even 2 years

[Anonymous No.19790171]

>>19790037
The most profitable time to stake will be at the beginning because staking payouts are paid in link so when value increase the payout wont be that high (in link)

Youre a fucking nufaggot who doesnt know a thing about link or staking

[Anonymous No.19790341]

an anon once made a calculation (lost the pic) that showed that LP would need to control over 15% of ALL nodes/staking to even be worth being considered as an option and over 25% in order to justify diversifying into LP instead of just holding LINK

the reaction of LP shills was that not only 25% was somehow realistic, but also that ETH staking would generate massive revenue outside of staking LINK
LP shills are the weirdest bunch. they won't shut the fuck up about the price of LP tokens, but they remain silent when you point out that the trading volume is borderline dead

pic related, this is the activity over the few past days. i just feel bad for those poor souls that fall for this shit

[Anonymous No.19790359]

>>19790171
It seems that you're actually the newfag sir. The payouts will ALWAYS be in link. The only reasons it may be more profitable to do it early is because:

1) The team will be paying out staking rewards to incentivize early staking
2) The price of link will theoretically be lower before the network takes off

[Anonymous No.19790383]

>>19790359
Learn to read newfag

[Anonymous No.19790404]

>>19790341
>but they remain silent when you point out that the trading volume is borderline dead
You should not buy Linkpool tokens if you are expecting a direct apreciation of the token value, but rather its passive revenue you little brainlet

[Anonymous No.19790444]

Are the NoLink fags in this thread aware that the high-quality nodes that open up first will be filled by LP owners and will then be CLOSED to new stakers?

I might only be able to stake a small part of my LINK bag, but I will be able to stake on those nodes that actually make money. For those who come late, i.e. those who don't own LP, there will be the questionable and low-ROI nodes to stake on.

[Anonymous No.19790449]

>>19790404
wow... so LP tokens are so valuable that no one wants to buy them? at last i truly see...

[Anonymous No.19790476]

>>19790449
Kek, keep relying on the intelligence of the crowd. Time will tell who was wrong :*

[Anonymous No.19790530]

>>19790383
I have read your post, and reread it and have come to the conclusion that you may be retarded.

[Anonymous No.19790559]

>>19790444
>questionable and low-ROI nodes to stake on
that's BS, the only advantage of LP holders is priority at staking (especially at the beggining when their infrastructure might be limited and exclude non-holders) and not losing 25% of the rewards
LP was literally made to get 25% out of the brainlets who wouldn't ever bother with this shit a way to stake as fast as possible, but it appears that LP token holders are even greater brainlets. they somehow believe that the dumb masses will be left out and that LP was made just for them lmao

[Anonymous No.19790877]

>>19790559
Again, there will be other staking pools? Yes, definitely, the problem is that you won't be able to stake with them. This thread contains some insightful posters that answer why, read it carefully.

[Anonymous No.19790911]

>>19790877

[Anonymous No.19790947]

>>19790559
takeaway from this is to aquire a minimal linkpool position to be eligible to stake from the get go
anything else is just leveraged risk on an already risky investment

[Anonymous No.19790959]

>>19790911
Uploading your portrait is not an argument

[Anonymous No.19791049]

>>19788346
pretty much a scam

[Anonymous No.19791053]

>>19790959
he has a point, we are talking about a derivative market at this early stage is when node operate should eagerly invite linkholders to stake rather waiting when the assets appreciate

[Anonymous No.19791106]

>>19790947
>takeaway from this is to aquire a minimal linkpool position to be eligible to stake from the get go
true, but ultimately why? so you can use this exact one method of staking without losing 25% of the revenue, despite better alternatives existing?
"just give us some ETH bro, in exchange we won't take 25% from your gains"

the worst part is precisely due to the outrageous fee rates, only types of people who will stake there are LP holders (because it will be free for them) and extremely impatient/tech illiterate people. but that's not where the big money is, majority of LINK is owned by only a few whales. in other words linkpool's network coverage is bound to be too small to ever justify buying LPshares to stake without a fee

[Anonymous No.19791143]

>muh dozens of staking options
ok options run my a CL member? options with an already established node?
didn't think so. cope harder, nopoolie

[Anonymous No.19791145]

how is no one in this thread mentioning the most valuable aspect - even without staking any of your own linkies owning LP tokens gives you a share of the entire linkpool platforms revenue. Yes, revenue split, not profit.

[Anonymous No.19791216]

I've 35x'd on LP, and been getting paid passive LINK
what are you guys doing wrong?

[Anonymous No.19791250]

>>19791106
i wouldnt necessarily agree, by better alternatives i would assume that you mean established actors like coinbase and binance. i wouldnt expect them to take any lower fees than linkpool, and i wouldnt really trust any actor less established than linkpool (i dont own any LP)

[Anonymous No.19791269]

>>19791053
>we are talking about a derivative market at this early stage is when node operate should eagerly invite linkholders to stake rather waiting when the assets appreciate
This conclusion is the consequence of not understanding that by staking with Chainlink, what actually drives the ROI is not the amount of LINK you stake, but the demand for the data you serve and ho w much the contract requesters are willing to pay. Imagine that suddenly every price feed in feeds.chain.link ask for a collateral of 10k LINK. There are 33 feeds right now. Let's assume your Coinbase or whatever cool company is serving data to each feed. Coinbase will only need 330k LINK as collateral in order to serve data to every price feed. Do you know how many whales are waiting for staking? The 330k limit will be filled in minutes. The amount of LINK paid won't be higher if you have more stake in that case, so more stakers upon reaching that point will mean less rewards for everyone.

[Anonymous No.19791276]

What options do burgers have? I'd rather avoid shady VPN games

[Anonymous No.19791297]

>>19791276
the rope

[Anonymous No.19791360]

>>19791276
Lending services. Right now, lending services use their borrowed crypto for leveraging. In the future LINK lending services will have a huge market because there will be staking nodes borrowing it and the interest will be decent

[Anonymous No.19791572]

>>19791276
Just buy it worry about it after the fact

[Anonymous No.19791624]

>>19791106
Whoever told you that fees are not taken from LP holders is an idiot. You should read up on how link staking works, how LP works and how it is positioned in the market as a node operator.
The main reason to buy LP was and will forever be the share in (potential) revenue. Literally everything else is just a bonus. And again that does NOT include 'free staking'. Please read up before you spread more misinformation.

[Anonymous No.19791707]

Serious question. Why do any of you want to stake your fucking coins in the first place?

[Anonymous No.19791737]

>>19791707
Why did the Pajeet cross the road?

[Anonymous No.19791770]

>>19791737
To poo on the other side?

[Anonymous No.19791809]

>>19791737
To poost on this thread

[Anonymous No.19791858]

>>19791770
Goddammit. Does everyone know Pajeet?

[Anonymous No.19791874]

>>19788674
this guy gets it. the most reputable, most used, most widely trusted node operator will be responsible for validating the most valuable smart contracts. they get paid in link for this. the link is only dripping in right now, but once Steaking is implemented, buckle up buttercup

[Anonymous No.19791905]

>>19788346
Yes
Because:
1. Johnny rims horses
2. Token is a security, indisputably
3. They made the only exchange that allows it to be bought and sold and think the sec hasn't heard of VPNs.
4. There is nothing stopping them from dumping the 75% of tokens they own at any time. That's right it's worse than Chainlink.
5. Spend 40eth on one LP and you get to stake 5 link, fuckity wow
6. There will be other pools when staking finally arrives, and they won't charge you 50eth for the privilege
7. Their feature allowing other nodes to use their contracts to stake actually reduces the % that linkpool would get instead. That's right, they fucked themselves
8. Fuck all liquidity so good luck when Johnny decides to dump his 3k tokens on the dex that HE RUNS hmm sounds fine right?
9. STOP IT HE'S ALREADY DEAD

[Anonymous No.19792165]

>>19791624
i know the basics, feel free to correct me. out of the 25% taken from the normalfags as fees, 6.25% of it gets shared between LPholders (the rest given to the team lmao). there are a total of 1000 shares available to outsiders iirc and 3000 to the team. so that's 0.00625% worth of rewards (out of the normalfag 25% fees) for each LPshare owned

>main reason to buy LP was and will forever be the share in (potential) revenue
you can put your money in a bank for interest and get revenue, that doesn't mean it's a great investment. when you buy LP you get a share in (((potential))) revenue, when you buy LINK you get what actually fucking generates that revenue to begin with
LP is trash and the worst part is that people who buy into that crap are people who are into LINK. so there are "people" out there who heard of LINK, but somehow got convinced that a service like LP is a more sound investment and that a dollar invested (*wasted) in LP is worth more in the long run than a dollar invested in LINK

[Anonymous No.19792260]

>>19792165
You clearly hold LP.

[Anonymous No.19792469]

>>19788442
Dude I don't want to leave my stack on coinbase custody when it's worth millions...