/biz/ - Business & Finance

>>55324759
Two scenarios:
1) They may pay with $ but the $ are converted to Link via unlocking the supply (ie it's inflationary). Since node-reputation (part of staking v1.0) isn't yet instated (and no info in sight if it'll be implemented in the medium-term), nodes currently have no incentive to keep ANY of the Link they receive and thus will likely just market-sell it. In other words, the token's are just unlocked and dumped.
2) SWIFT pays for CCIP using tokens they received for free from Chainlink Labs unlocking the supply. Again it's just inflationary dumping.

Here's the real kicker: in pretty much ALL other protocols, their block-rewards (ie. inflationary token unlocks) are shared with the entire staking community. Here, since we only have staking v0.1, the token unlocks are only shared with the elite and privileged few (aka. KYC'd node operators and banks and other traditional finance institutions). So we went from our shitty web2 broken trust society where the elites dabbed on us, to web3 "truth over trust" society where the elites can dab on us again except this time it's cryptographic truth. Fuck you Sergey.

LOOK HERE!
https://twitter.com/fartconthird/status/1664674533322653697
>"KEEPING IT UNDER WRAPS BUT WE HAVE ANNOUNCED A PARTNERSHIP WITH SWIFT"