/biz/ - Business & Finance

Why didn't I sell at four dollars, FUCK

I've been crunching some numbers, researching how much api providers charge right now, looking into Oraclize and other oracle services customer-base and how much are they paying...

And I've came to the conclusion that LINK holders are completely out of their mind. The network just WON'T have nowhere near the fee revenue to justify the price predictions that are thrown around in this board.

If we're LUCKY, we might see a 10MM USD a YEAR at the beginning at the network. It's fucking ridiculous.

Even if we the network eventually gets adopted by a few banks for derivatives trading purposes (which WON'T happen in less than 03 years, you idiots have no idea how far away smart contracts are from being actually usable) it'll be HARD to get over 100 MM usd a YEAR in network fees. Shit just isn't that profitable.

So yeah, LINK is basically overinflated in price because delusional neets bought into the non-sense from a group of LARPERS and didnt actually do any research.