/biz/ - Business & Finance

Chainlink is a digital commodity not a currency. The price of link will be partially driven by supply and demand but the collateral aspect is what gives it astronomical value. The purpose of the token was to be expensive to disincentivize node operators from returning bad data. Node operators need link to be expensive so they don’t necessarily need to unnecessarily stake a large majority for 1 smart contract but rather be able to spread them. LINK being under $1000 defeats the purpose of the token. Node operators will effectively be paid in usd but through the LINK token which must be used as collateral.
Ez $1000 eoy

>>9344670
post my oc

When did you realize Link was not a meme?

>>8632307
>>8632387
pffffff i've held since sergey was born

Enough is enough

>>8604546
For fun

>>8506925

>>8490913
i could kiss you right now

>>8456462
This is the one

>>8064212

>>7883906
I believe we're definitely thinking too small..one of the major sectors Sergey discussed was the bonds/derivatives market which alone is estimated around 1 quadrillion. Long term I see this surpassing BTC's ATH bc assuredly BTC, ETH, and others will also rise astronomically pending the inevitable increase in market cap due to mainstream adoption made possible by LINK (hell even the SEC is bullish and thinks it could reach trillions by 2020, founder of WEF specifically references SmartContract as a Kek component of the 4th Industrial Revolution). $1000 eoy is a meme for a reason- it is entirely possible. All the "logic" thrown around during price prediction FUDing is absolutely baseless considering useless projects in this space have mooned themselves into the top 10.

>but muh marketing

Once the marketing begins to ramp up (it's already started bc Sergey directly shilled LINK, LINKs official twitter, etc...), the Singularity will instantly arrive behind the backs of all nonBelievers and Blast its infinitely long green candle up their collective Asses.

>>7785174

It's the most fun I've had in a long time