/biz/ - Business & Finance

There is absolutely no value in the cryptoCURRENCY meme. Transferring value? Wtf, we can already do that. Yes it’s a bit slower and more expensive than cryptocurrencies but you’re just slightly improving on an already established technology. Nano, XRP, XLM, whatever other transfer of value shitcoin you’re into, it’s all the same. To think that digital currency will ever take off is extremely slow at this point. Reddit is still stuck in this mindset too. They (and you, and any XRP holder for that matter) still think “adoption” means grandma has a Nano wallet, or your local food truck accepts bitcoin... this is not what “adoption” will look like.

What adoption WILL look like is middleware such as the Chainlink network (and potentially others, i don’t think Chainlink will be the last moon mission) powering DLT based technologies which have the potential to refolutionise basically every industry and make many many paper pushing jobs obsolete. Chainlink, decentralisation and DLT has its value in trustlessness. The world has never seen trustless smart contracts before. It’s an entirely new thing and the potential is massive.

Yes, transfer of value is somewhat useful. But the only cryptoCURRENCY, with emphasis on the currency, that will take off, will be a stablecoin, and probably backed by government. There is no incentive for anyone to pay with bitcoin or nano since the price fluctuates too much.

Chainlink price fluctuations, on the other hand, are integral to ensuring that token price can rise to meet the demands of collateral needed across the network. Price rise is literally essential to the Chainlink network being successful, if and when adoption takes off, to the point that collateral needed exceeds link’s current mcap.

$50/link is still only the mcap of XRP, and XRP is a failed useless project with zero fundamental value.
$300/link is still only the mcap of ETH, and Chainlink is what actually brings value to ETH.
Yes, you are still early.
You’re not an “innovators” because you were too retarded to buy sub $1, but you’re still an early adopter, because link isn’t even seeing mass adoption yet.

>>17535793
Frankly you’re still early. If you really understand LINK you would understand that $4 is nothing. Check out this chart.
>INNOVATORS: 0-25k wallets
>bought when it was new
2017: innovators
2018: innovators
early 2019: innovators
—-SURPASSED 25,000 WALLETS—-
>EARLY ADOPTERS: 25- 100k wallets
>bought when they perceived a benefit (they saw $$$ as price went up and LINK climbs to the top 20)
late 2019: early adopters
early 2020: early adopters
>future late 2020 and beyond, who knows...?
I predict Reddit buys in late majority, early 2021 kek.

If you only bought because you saw the price go up, you won’t make it. You will sell.
If you bought because you saw the value in a decentralised oracle system that will power the 4th industrial revolution, you will make it. You will hold.