/biz/ - Business & Finance

Link will be embedded into every aspect of society one day. Chainlink integrated at hardware level into every device. The spice that runs everything
https://www.vdigitalassetbroker.com/#overview?s=true
Eric Schmidt
>In web 2, it was difficult to create a token-based system for finding people, but with the invention of Layer Two Plus tokens plus distributed plus immutable, trust is built into the protocol, enabling new and powerful solutions to problems.
>There are two layers of incentives in web 3: app/user level and infrastructure level, and the goal is to have web 3 universally used by everyone, similar to how Google wanted a piece of itself in everyone's computation.
>Having a piece of computation in every computation is a good idea, and the goal is for everyone to have a piece of chain link in everything they do, providing the most secure and best system for building applications in web3.

This was known back in 2017, the 350 million wallet has never been touched, its always been earmarked for enterprise/institutional node operators. This is why "banks aren't accumulating", they don't need to, nor would they really care, and common sense and not thinking like a retail baggie would tell you this.

If you're retail, you have a number in your head, whether its 1 million, 10 million, a billion, whatever, that you WILL sell and cash out because you're good. Banks aren't looking for a lump sum payout to escape, they are looking to continually make endless/infinite money.

Hypothetically, an institution could have accumulated 100 million link over the past 2 years, and if link pulls a 1000x, they'd have made a trillion dollars if they successfully dump it all on the market. But first of all, a one time payout of a trillion dollars is nothing to banks, that move trillions yearly. And second, if you're dumping it, the project is dead, its only something you can do one time.

But if you have assurances from Sergey that whatever the price is, you will be handed 1 million link or whatever is needed to stake and have the highest possible reputation when staking 1.0 hits, you know all you really need to do is wait until its built. That's why entities like the AP and deutsche telekom had to buy in to run their nodes now, they aren't getting the free link from that 350 million wallet when the time comes, so they have to start building their rep early.

But when you start to think about it this way, it makes perfect sense. Banks will let link moon, because they are going to be running nodes, and chainlink will be working for them. They'll be the ones collecting the fees. They could give 2 shits if a few dedicated autists saved 50k link, maybe a thousand or so have 10k, maybe ten thousand or so saw through the fud and accumulated 1-2k this past bear market, it doesn't matter, they're going to win far bigger.

>>56242626
The predictable 4 year pump and dump cycle is not going to last forever. Many will sell early thinking they are smarter than the rest of the herd only to find that they are now priced out of what is literally a new paradigm.

I will add that this strange period of the past couple of years is the opportunity of a century. On one hand institutional adoption has never been more imminent than now. On the other hand Link has never seen a more severe bear market when you take into consideration the price performance vs fundamentals. This is the time period in which weak minds have capitulated due to being gaslit by the markets. In hindsight it will appear to be the most obvious investment opportunity that has ever existed. Never sell link

>>56241096