/biz/ - Business & Finance

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Anonymous Thu May 18 13:58:58 2023 No.55009969 [Reply] [Original]

What incentive does the company have to do anything but maximize their own profit?
Given the amount of tokens they have, there is nothing inherent about the tokenomics that drive value to the token in the sense of price increases over time.
I wouldn't be surprised if suppressing the price with what is effectively unlimited supply on from their part is actually much closer to optimal in terms of revenue generation for them.
As a toy example, imagine demand for LINK at $6 was 100 per hour, and 1 per hour at $60. Point being it's just never been clear to me that there's anything in the model, either mechanistically or incentive wise, to really drive the token price up to where there's clear value in buying it now as a speculative investment.
I like 'Chainlink the service' and I think it's a valuable part of defi. But 'Chainlink the investment' has honestly never even remotely been able to grab my interest.
I really find it incredibly hard to imagine a scenario where excess ETH flows into to it to create this wild demand(especially without that demand being gobbled up by the supply controlled by the team) .
I would 100% love for them to start from scratch and redesign the tokenomics with value accrual in mind. I mean, why wouldn't I want to make money?
I'm not holding my breath though since what incentive do they have do create value for me, or anyone other than themselves?
I mean really that same statement applies to a lot of crypto projects, it's not a LINK specific thing. LINK just gets more attention since the service the company provides is actually useful, but the investment part has not really performed.

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