/biz/ - Business & Finance

>>15301091
give up your ego. You are here to make money not impress people. you need to realize instead of trying to pick a winner of the platform wars, pick the thing they will ALL use, chainlink. For the hundreth time, you can try and look for gold or you can be rich from selling the shovels. you are obviously a brainlet, so was i before i research and realized what chainlink really is. you need to do the same, your not buying my bags because im not selling till double digits faggot

Describing the usecase of chainlink ''paltry''.

Never gonna make it...

We are all gonna make it

>>15222427
Buy Chainlink with every spare penny you have. Sell more things you don't need and buy more Chainlink.

>>15200945
You just made one of the best decisions of your life.

>>15069296
are you ready for the best advice youre going to get from this board but going to totally ignore because you IQ is too low to understand what it is? Ready? buy chainlink

>>15055718
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

>>15014270
>he hasnt read the chainlink whitepaper

>>14969292
>not spending it all on LINK

>>14967905
Chainlink is delivering on everything that Ripple promised but failed to deliver. Go all-in on LINK.

>>14950372

>>14950259

Patience.
It is how all great things start. Small and humble.

All these questions, that come up on a daily basis from fudder and newfags are pretty well answered in pic related.

But but but what does link even do? ...