/biz/ - Business & Finance

I'm only buying when I receive insider information on certain alt coins.

companies or whoever will set up a node. these nodes feed data into smart contracts. the reward they get for this is link tokens.
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. 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 link

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. link 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 link network is genius like that. It is fundamentally backed by the truth.

There is infinite amount of collateral available because the token price can rise to meet it (Note: the token is divisible by 18 decimal places).

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

What you guys think.would love to get in a bit lower...If you gonna fud cardano stay the fuck out. This is only for big brained anons that know this shit is the future.

on the contrary, my fren.

its going to go up so fast and you'll be afraid of missing out so you won't buy back in. Have fun missing out.

bitcoin is dumping but alts are not? Could this be Alt Season?

>>16167944
all the smart people are trading active markets lie boomer stocks. the best thing about boomer stocks is nothing ever really dumps. Only pumps or crabs.

Set your sell all target at $10,376.

>tfw already up 55% on btt

I have given up hope on non-scam projects. From here on out, I will exclusively deal in scams that haven't pumped yet.