/biz/ - Business & Finance

Currently the total circulation of Chainlink sits at 350,000,000 LINK tokens.

An additional 350,000,000 tokens exist to incentivize the creation of an ecosystem in-which people are incentivized to become node operators so they can be paid in LINK.

This begs the question of what could happen if the amount of node operators skyrocket. Theoretically this means a large amount of new LINK, previously out of circulation, will enter the market.

Conversely, oracles that failed to communicate information in a timely and accurate manner get their LINK rewards locked away, taken out of circulation. However, assuming the average node operator is trustworthy, this means an overall increase in the total supply that will steadily drag down the price of LINK as the amount of node operators increases.

How is this not a massive problem for the Chainlink token's price? If LINK becomes more popular than it already is how won't this drag the price down due to an influx of supply?

The more you fud, the smaller the group that controls the price of Link.

>Ch____ink
Fuck.

Jokes aside, can it get to $100?

in this thread, post music that you listen to when a new "Literal Who" acknowledges ChainLink as the standard for decentralized oracles.

https://www.youtube.com/watch?v=FyJ0_Ds7F0s

3.45 when a big literal who tweets about LINK

Is there ANYTHING more retarded than chainlink? I do not think so.

We need Reddit and boomers to start pumping this shit if we are ever going to make it. Someone is going to buy after you do. Why are tomorrows nulinkers any better than todays? The time to accumulate is over, its time to shill and get rich. Get the bullrun going already.

You ready for the pump?

Every time I get drunk, ChainLink pumps. So I am going to drink myself to death and make all my LINK marines rich. Wish me luck.

Alright /biz/, you win. I sold all my LINK.

LINKs chart is unironically bullish. Just bought back in. Any other anons doing the same?

Newfags,
These FUD threads are not real. They are being posted by people who got in LINK when the price was down below $0.50. They are comfortable watching the price dump and they want to scare YOU into selling. The idea of you getting rich off of their painstaking research, patience, and resilience holding through dumps makes them mad. This project is bigger than you realize, and if you have strong hands, you will be greatly rewarded.

Oldfags/FUDposters,
Why the fuck do you care if these newfags buy LINK? You understand that SOMEONE is going to buy LINK shortly after you, right? The “nulinker problem” is a necessary step towards being rich. If you scare these nulinkers off, at some point they will be replaced by even newer nulinkers. What is your endgame? To keep LINK at $1 forever? Why are tomorrow’s nulinkers any better than today’s? I know you arent STILL accumulating. You had two fucking years.

Lets have an open discussion about this, because all of this bullshit flying back and forth is getting out of hand.

think it's going to dump after Mainnet like all other coins
imma slowly laddering out, but will still keep like 80% of coins

I refuse to believe there are any anons here that own zero LINK. Theres no fucking way.

What if they dump LINK to cause 4chan LINK marines to kill themselves, then the resulting loss of all those wallets and private keys creates scarcity and drives the price up to $1000? Was this Sergey’s plan all along?

What is Sergey’s 650,000,000 wallet address? How many of you are watching it to make sure he doesnt dump his entire stack and exit?

Don't you guys get it? It's dumping right now so that it can pump right before mainnet and continue to grow organically. Weak hands and nolinkers are getting btfo. We're going to make it anons, just trust me on this one.
>$5 eom

ChainLink just surpassed Dogecoin. Suck it Reddit.

Fundamentally LINk

Today, Sergey disappointed dozens of neckbeards across the globe. However, there was one comment that stuck out to most people watching his speech for the 5th time. While taking a break for air between consumption of 5 gallon buckets filled with Big Mac ingredients, Sergey said this market is worth
>hundreds of billions of dollars
From this, we can extrapolate what he believes LINK will be worth.
>hundreds
So, plural meaning a minimum of 200 billion. With 1 billion LINK tokens in existence that means the low end for Sergey’s estimates of the future value of his Big Mac and plaid shirt fund are
$200,000,000,000/1,000,000,000 = $200 per LINK
Thats the low end. Best case scenario would be
$900,000,000,000/1,000,000,000 = $900 per LINK
>tl;dr: We made it lads.
>CONGRATULATIONS

link's going to 7800 satoshi

I'm only going to post this once.

You retards actually think you have fundamentally analyzed link and are some sort of elite investor. You know about link because its been shilled to fucking death on this shitty board with terrible infographics and extremely far reaching claims with no evidence. I guarantee none of you have actually even tried to use the testnet or have even considered the token economics at play here. The testnet is a piece of trash centralized (it uses one source) API scraper that uploads data into a non self executable smart contract. A fifteen year old could write the code to do this, it tests nothing envisioned in the whitepaper. Now for the token economics 35% of the total supply is in the hands of Sergey himself. The top 100 wallets control 85% of the supply of this coin. Your investment can be quite literally wiped out overnight without a moments notice. Going all into this project is probably one of the stupidest things you can do with your money but retards like you keep lining up thinking you are the next Warren Buffet. Chainlink is so far from a sure thing.

what can i expect next?

fairly new to crypto
could /biz/ please answer a few questions I have about LINK?

>what's a realistic price with good adoption?
>its biggest weaknesses/limitations?
>its biggest competitors?
>anything else I should know?

the $1000 EOY meme worries me cus that would require a $1T market cap
rn I can't see how it could ever hit even 1/20th of that
unless most companies used oracles,
and LINK had a strong monopoly

thanks anons