/biz/ - Business & Finance

Why would you use price feeds X and bridge Y, each introducing their own risk assumptions, when you can just use one network which provides all the different services you need? The more services Chainlink offers, the bigger their moat grows, because competition cannot possibly keep up. Chainlink is a snowball. By 2030, it will have become an absolute behemoth.

It's something normies struggle to wrap their brains around, because there's nothing comparable in crypto. It's not another Layer 1, nor is it a dapp. They can't comprehend that such a meta layer, a framework for networks, which is blockchain agnostic and regularly keeps launching new services, isn't a static, monolithic entity, like a blockchain or a dapp. Chainlink continues to grow and will continue to evolve until it becomes ubiquitous, and as a result you have to continually update your assumptions about what it is. My point is, following CCIP's release, I still see comments everywhere from people, including supposed experts like VCs, devs, influencooors, acting like Chainlink is only just price feeds and token not needed.

It would be like a boomer saying in 2023 that Amazon is only just selling bookers and can't be profitable, you see how absurd that is?

When you try to explain to people why Chainlink is poised to dominate crypto, they can't believe it because they don't understand it and it all either sounds too good to be true or like meaningless techno babble. They think it's just another sales pitch and you're trying to bullshit them somehow, because that's the reality for 99.9% of the other crypto projects. The SWIFT and DTCC news is the perfect example of this. Try to bring it up to people, even people deep in crypto. Their first reaction will be jaded cynicism, "another fake partnership", yada yada, and they'll just dismiss it as not real or tell you "but xrp?". Normies only understand FOMO when price goes up. You unironically need a high IQ to grasp the full extent and legitimacy of Chainlink.