/biz/ - Business & Finance

>>15224020
Even 1k is a lot if you really think about it.

>>15223327
The core point of chainlink was to be an extension to smart-contracts in order to make them compatible with off-chain data. Smart-contracts are temper-proof automated contracts. By utilizing centralized oracle to feed smart-contracts, they become much less temper-proof because a single node is a single point of failure. Sergey saw a problem there, some people don't see a problem there and say that their data is safe and accurate. I agree with sergey that it is a fundamental problem that should be resolved. How much is it worth tho? I'd guess a lot since the middle-ware in this case is more important than the smart-contract platform itself. It's also a tougher problem to solve. The real value will come from adoption and usage. Sergey sees potential with the derivatives and insurance market and it makes total sense. Pic related shows the worth of such market. This is where the 1000eoy comes in. With the chainlink token working as collateral and being finite in numbers you start to understand why those neets keep screaming to those nasty kikes that they will never get their links. But link being a financial tool, it's hard to imagine that if there is more demand than the protocol can withstand there could be a fork or a competitor. But building a decentralized oracle network being one of the most valuable/difficult thing to do, there might not be many other solution/alternative to the main decentralized oracle network that chainlink is building and people adopting.