/biz/ - Business & Finance

Can someone correct me on my fud please? I have concerns that the announcements won't help the price at all
>staking v0.1 gets announced to go live shortly after SmartCon or eoy or whatever
>v0.1 has nothing to do with fees, slashing, securing anything really
>it's just a lock tokens up and get 5% out of Sergey's pocket
>also it's actually limited to long term holders and node operators so new money has literally no reason to buy LINK because they can't stake anyways
>v0.1 will be live for at least a year before it gets expanded to v1.0 and the staking actually has any meaning for oracle networks and the token economy can play out with unlimited tokens staked, actual slashing and fee distribution going on etc
>this also means CCIP goes live without any bullish implications for the token because it's gonna be separate from staking as we know it, v0.1 will just be linked to some price feeds in some loose way (again, no interaction with it though because no slashing or fee impact)

I guess the enterprise layer can be juicy but so far all of that shit has been pipedream talk with Google, swift and oracle. Nothing ever materialized. So even if some new big names announce they're working with LINK, it will probably not lead to anything in the next 5 years. My only hope is that the announcements make retail buy and maybe we can get LINK kinda trending but it's so heavily fudded and tainted, i doubt it can go anywhere, especially because as i said new money really has no reason as they can't participate in the yield opportunity for a long time