/biz/ - Business & Finance

>>10829887
There is infinite collateral because the token price can simply rise to meet it.

>>10829899
Smart contract creators will demand a certain level of reputation or amount of collateral that suits the importance/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 amount of LINK nodes for something like a huge bond.

Sergey is actually targeting these high value contracts. Because they would require a decentralized oracle as it puts all the risk onto the node operators rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The chainlink network is fucking genius like that.

One LINK token will be worth $820 dollars. Follow along...

Smart contract creators will demand a certain level of reputation or amount of collateral that suits the importance/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 amount of LINK nodes for something like a huge bond. Sergey is actually targeting these high value contracts. Because they would require a decentralized oracle as it puts all the risk onto the node operators rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The chainlink network is fucking genius like that.

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

This means that the mcap of LINK can go sky high.

The World Bank just issued a $1 million dollar bond on the blockchain. What does this mean for LINK?

>As of 2009, the size of the worldwide bond market (total debt outstanding) is estimated at $82.2 trillion, of which the size of the outstanding U.S. bond market debt was $31.2 trillion according to Bank for International Settlements (BIS), or alternatively $35.2 trillion as of Q2 2011 according to Securities Industry

https://en.wikipedia.org/wiki/Bond_market

There are 1 thousand billions in 1 trillion. There are 1 billion LINK tokens.

So, imagine if link captured 1% of the $82 trillion bond market. That would be $820,000,000,000 flowing through the network. If the value of all transactions = total value of collateral needed...

Then divide that by the number of tokens...

That would make each token worth $820.

If only 10% of the $820,000,000,000 was required as collateral, one LINK token would still be $82.

1% makes $8.20

You can run this calculation for all large financial transactions that could be done with smart contracts faster and cheaper.

We're all gonna make it.

Someone is clearly trying to push all the important Link knowledge off this board by making multiple low-quality Link threads.

So here I will compile all the important information that we have today. This is what you need to know!

1. Aggregation has been renamed Service Agreement in Pivotal. Team are now working on Aggregation. Mainnet may come sooner than expected!
https://www.pivotaltracker.com/n/projects/2129823/stories/158585548

2. We have an irrefutable argument that the marketcap of Chainlink has to be equal to or greater than the amount of collateral needed across the entire network. There is an infinite amount of collateral available because token price can rise to meet it. We have a valuation of $820 presented for certain assumptions, say 100%, 10% or 1% of the value of the smart contracts created. Pic related.

3. Related to this, we have instant LINK to USD conversion via FiatRelay, in development by Capgemini. This was posted by BartCant who has connections to Chainlink. Check his Twitter followers, and he works for Capgemini and IBM.
This means that banks can receive collateral in USD immediately after the LINK token transfers and they can pay node operators in LINK via FiatRelay. If you. ever thought that banks don't wanna hold meme tokens, this is the solution. Bullish A.
https://github.com/bartcant/FiatRelay

4. We have Ari Paul discussing LINK at 31:00 in this video.
https://youtu.be/-_juvx2_ei4

5. LuckyBrand won't be making any more Sergey shirts :(
https://twitter.com/LuckyBrand/status/1033756311551401984

Keep this thread bumped. They don't want you to know this important information so they're spamming shit threads.

>>10845134
>Market cap of LINK must be greater than collateral
>Collateral is infinite because potential price of LINK is infinite
This is some straight up circular logic.

Someone is clearly trying to push all the important Link knowledge off this board by making multiple low-quality Link threads.

So here I will compile all the important information that we have today. This is what you need to know!

1. Aggregation has been renamed Service Agreement in Pivotal. Team are now working on Aggregation. Mainnet may come sooner than expected!
https://www.pivotaltracker.com/n/projects/2129823/stories/158585548

2. We have an irrefutable argument that the marketcap of Chainlink has to be equal to or greater than the amount of collateral needed across the entire network. There is an infinite amount of collateral available because token price can rise to meet it. We have a valuation of $820 presented for certain assumptions, say 100%, 10% or 1% of the value of the smart contracts created. Pic related.

3. Related to this, we have instant LINK to USD conversion via FiatRelay, in development by Capgemini. This was posted by BartCant who has connections to Chainlink. Check his Twitter followers, and he works for Capgemini and IBM.
This means that banks can receive collateral in USD immediately after the LINK token transfers and they can pay node operators in LINK via FiatRelay. If you. ever thought that banks don't wanna hold meme tokens, this is the solution. Bullish A.
https://github.com/bartcant/FiatRelay

4. We have Ari Paul discussing LINK at 31:00 in this video.
https://youtu.be/-_juvx2_ei4 [Open]

5. LuckyBrand won't be making any more Sergey shirts :(
https://twitter.com/LuckyBrand/status/1033756311551401984

Keep this thread bumped. They don't want you to know this important information so they're spamming shit threads.

>>11652047
>Smart contracts also allow you to buy and use a token in the same transaction. Absolutely no exposure, infinite money velocity. Why would anyone ever do otherwise?

Because if you want to be a data provider under the link network you have to maintain your exposure, which is the whole point. A & B have entered into a smart contract that depends on the price of zinc on February 1, 2019. In order to cut their costs of dterminging the price on that date, they include data providers, but they want to ensure that the data providers are sufficiently incentivized. So they require the data providers to put up collateral. The data provider does not have the opportunity to “buy and use a token in the same transaction” because the other parties won’t allow it.

>>11652656
>10 year plus uptrend in crypto markets
Past perfomance, future results, yadda yadda. And if that's not well-based, you can't base further assumptions of value off it.
>multi billion dollar api economy
And no pathway for any of that that money to become chainlink market cap.
>VC which is many times investing in companies without any revenue nor profit
But there is an expectation of future profit. No good VC would invest in a company that will never turn a profit or have any revenue.
>bouncer wallet etc
The collateral is released when the task (oracle call) is complete. Keeping it around for future tasks (later oracle calls in the future) is wasteful for as long as you're keeping collateral locked securing nothing.
>>11652682
Smart contracts enable the action to be simultaneous with the payment. It's kind of one of the major selling points.
>>11652686
Link has price uncertainty. Oil has price uncertainty AND usage uncertainty.
>You have done nothing to refute this point
I have done everything to refute the point
>paying them in link
Buy and pay in the same transaction, infinite money velocity, no value added to market cap.
>link as collateral
Would be hedged and net out to zero effect on the price. No value added to market cap.
>You maybe could argue it
Then I shall. Competing solutions such as just having trusted data providers sign data directly, perhaps insured instead of collateralised, as one family of competing solutions. It compromises on the decentralised nature of blockchain, but business is business and they don't care about our ideals, they just want to interact with our decentralised world. Some solution like that or something else could well predominate, there's nothing to suggest link is the premiere solution.
>>11652713
>so what
So there is no net movement to the price. The price after a buy and identical sell will be the same. As the time between buy and sell approaches zero as people reduce their exposure, the market cap to sustain all

>>11652743
Where are you coming up with this idea that link gets locked into collateral in perpetuity?!
>past performance yadda yadda
If you watch a lion attack an animal 7 days in a row you’re not gonna walk into the lions den spouting off about “no worries guys, it’s a brand new day,” are you?
>no pathway
Sure, getting paid for my data whenever anybody anywhere wants to use it with emergent new (key word here) decentralized smartcontracts definitely won’t result in an increase in ChainLink’s use. And even if it did, an increase in the use of ChainLink certainly won’t result in a higher marketcap. Not with all the node payments (even if the node doesn’t get paid link- I’m still paying in link for calls), reputation staking, and collateral.
>collateral again
You seem to think it will be held in perpetuity... I haven’t read this in the white paper, can you direct me please?
>simultaneous action with payment
Yes, and..? we were talking about collateral itself. See the last point because I still don’t know why you think if I throw some link up as collateral it would be forever lost in some infinite collateral loop.

>>13399736


This will be my good deed for today, 1 spoonfeed.


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, if they. 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.

>>13435063

Chainlink obviously


One LINK token will be worth close to $1000.

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.

Now, there is infinite collateral available, because the token price can simply rise to meet it.

This means that the marketcap of LINK can go sky high. How high?

Consider this: the World Bank just issued a $1 million dollar bond on the blockchain.

What does this mean for LINK?

As of 2009, the size of the worldwide bond market (total debt outstanding) is estimated at $82.2 trillion, of which the size of the outstanding U.S. bond market debt was $31.2 trillion according to Bank for International Settlements (BIS).

There are 1 billion LINK tokens. (65% are not in circulation right now). There are 1 thousand billions in 1 trillion.

So, imagine if link captured 1% of the $82 trillion bond market. That would be $820,000,000,000 flowing through the network. If the value of all transactions = total value of collateral requested, and the amount of collateral needed = marketcap of LINK…

Then divide the mc by the number of tokens. What do you get?

Now this is only the derivative market. Chainlink will also be needed in Insurance, Sports betting, banking, escrow, pretty much every industry.

math Neets are welcomed.

>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?

>>13529658
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?

>>13537990
>infinite amount of collateral

Ladies and gentleman: The logic of a Link Bagholder.

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?

>>13896952
Here you go op, I won't tell anyone that you actually already have a big heavy bag of link & just want reassurance.

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?

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.

The purpose of Chainlink is a network that incentives truthful data provided by individuals running LINK nodes (aka known as mining 2.0) while also providing compensation to smartcontracts just in case false data was used to trigger an agreement.

So the price will rise not only to meet the insured needs of smartcontracts but also because the LINK node miners are making money providing this service much like the price of BTC. (there are about 3 main factors that make the price rise one of them from mining and difficulty)

Its very simple.

The more LINK staked in the nodes, the more profit one can make running that node.
The more LINK staked in the nodes the bigger the smartcontract economy can become.
The more LINK staked in the nodes the more stable the network/connectivity becomes.
Finally
The more LINK staked in nodes the higher the price becomes.

We are witnessing something really special. The birth of the HTTP equivalent in Crypto.

The only comparable investment to LINK is when BTC or ETH first came about. Decentralized digital currency, Decentralized smartcontracts and now Decentralized oracle network. This trifecta will lead us into the next economic boom.

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.

The purpose of Chainlink is a network that incentives truthful data provided by individuals running LINK nodes (aka known as mining 2.0) while also providing compensation to smartcontracts just in case false data was used to trigger an agreement.

So the price will rise not only to meet the insured needs of smartcontracts but also because the LINK node miners are making money providing this service much like the price of BTC. (there are about 3 main factors that make the price rise one of them from mining and difficulty)

Its very simple.

The more LINK staked in the nodes, the more profit one can make running that node.
The more LINK staked in the nodes the bigger the smartcontract economy can become.
The more LINK staked in the nodes the more stable the network/connectivity becomes.
Finally
The more LINK staked in nodes the higher the price becomes.

We are witnessing something really special. The birth of the HTTP equivalent in Crypto.

The only comparable investment to LINK is when BTC or ETH first came about. Decentralized digital currency, Decentralized smartcontracts and now Decentralized oracle network. This trifecta will lead us into the next economic boom.

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?

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?

>>14641173
>>14641173
>it's kind of funny how no one has read the whitepaper despite thousands here being in the cult. This is answered within the first three pages.
>Data is provided in a commit-reveal process so that oracles can't cheat by copying other oracles to get free money. The "truth" is defined by the creator of the contract, and LINK provides some default aggregating functions. It could be a simple "yes no" response, or averaging the numerical responses of the oracles
>I believe the oracles are chosen at random, so you would need to own a something like 30% of the nodes to even have a small chance of rigging the answer. for corrupting 4/5 oracles that's .3 * .3 *.3 *.3 = 0.8% Given there is a reward there will be more people competing for oracles and you're not going to corrupt them all.
>also, at the end of the day of all the oracles coordinate to give fake data, people stop querying chain link because it doesn't work, and the golden goose disappears.
There's many problems with your answer. How are they gonna do decentralized randomness? That's an entire problem in itself. How are they gonna prevent people from creating infinite amount of nodes? If it's by staking, what's preventing me from having more stake and stealing your collateral? The mere fact that these questions are still unanswered 2 years after raising $32mil makes Chainlink a proven scam.

>>14661809

In real world applications 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 $1 million 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, if they. 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.

>>14665937
chainlink token is no ordinary token its an erc677 token read up on it nulinker

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?

>>14667717
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?

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?