/biz/ - Business & Finance

I have a hard time understanding why oracles will be the "future" and why everybody thinks this. What chainlink is trying to create is a decentralized oracle, but from what it looks, it's not happening. Chainlink is essentially acting as a trusted 3rd party, individually picking their node operators, and paying them to run their nodes. How is this sustainable? Furthermore, it is highly expensive to validate your LINK. Right now it costs 0.1 link PER REQUEST. On top of that, everytime a node operator wants to fulfill a request, they have to spend a SHIT TON (around $5 depending on gas fees). I'm not FUDING, just trying to have a rational conversation with some LINKERS on why they think it will be the next big thing. It just doesn't add up to me.

Please reply.
1) why do people still price predict ethereum at a 10X from here and not for chainlink?
2) I’m about to sell 16 bsv for around 2000 chaiblink; I’m up 100%; is this a good choice?
I still have a lot of Bsv but I want to get to 10k link.
So is this is a good choice? Should I buy ether over link?

I have 10k link and 50 bsv. There’s people telling me to go all in ethereum. Can it really massively grow in price terms? When both were 150$ I chose bsv. It has been a way better choice for now. But will defi conquer the crypto market for real?
Because I hold only bsv and link and 10 eth just for trades or fees