/biz/ - Business & Finance

>>57939225
lmao, amazing movie

I dumped my life savings on chainlink in 2019

>>52800020
What are you talking about? If the 15 top node operators -- who have been maintaining the Chainlink network since its most nascent stage --steal everyone's money, then the Chainlink network itself is worthless and was so all along. You understand the need for a reputation layer for Chainlink nodes, correct? How can economic activity between any parties take place absent any system of measuring historic reputation? And as the networks expands, do you really think it will be maintained solely by Chainlink labs? What then would make their network any different from, say, Visa's or Mastercard's? Or even Swift's? You're not seeing the big picture and you don't understand the principles underpinning the economic model.

CDL will operate as a kind of guild that maintains the network as it grows. It represents the largest stakeholders pooling their resources to act collectively in the best interests of the network. By paying SDL holders (i.e. node operators and those community members who best understood what was happening and what the stakes are) they incentivize behaviour from the most interested parties that benefits the whole network.

SDL rewards paid in link (i.e. distributed revenue) for the largest holders will almost certainly pay well above a comfortable salary as the network scales, and that's in addition to the yield gained from simply passively staking link with the protocol. This salary will be paid in link, which will become among the most valuable commodities/currencies on the market. I'm realizing now that in a strange way I'm essentially employed by this distributed network. My incentives are aligned with it in a way that would never be possible in a traditional corporate or governmental structure.

>staking fud popping up everywhere
It’s almost time isn’t it?

>too stupid to make yields with my linkies
>too paranoid to put my linkies on exchanges
>too dumb to leverage my linkies
Who would have thought my retardation have saved me from the shitshow we are seeing right now