[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 1.63 MB, 250x188, 1534799470933.gif [View same] [iqdb] [saucenao] [google]

11203948

Anonymous Tue Sep 25 07:53:02 2018 No.11203948 [Reply] [Original]

Can anyone tell me the purpose of the Link token?

Surely it works without it?

>>	Anonymous Tue Sep 25 07:53:47 2018 No.11203957 It's going to be used as colleteral.

>>	Anonymous Tue Sep 25 07:53:55 2018 No.11203958 >>11203948 No, it doesn’t.

>>	Anonymous Tue Sep 25 07:55:19 2018 No.11203969 File: 7 KB, 309x163, images?q=tbn:ANd9GcS36RR2l8fRvcfmuy2qHhPLGDZouRbzvHVIoyYuR-YIf2SRAjLL.jpg [View same] [iqdb] [saucenao] [google] >>11203948 >Surely it works Slow your horses, bucko. We haven't gotten that far yet.

>>	Anonymous Tue Sep 25 07:56:20 2018 No.11203972 The chainlink network is used to solve the oracle problem The chainlink token is used to solve the lambo problem

>>	Anonymous Tue Sep 25 07:58:46 2018 No.11203991 This is true of most tokens. Most blockchains don't need a token to work. This is why this space is so fucking scammy. You could also see it as buying shares in decentralised networks.

>>	Anonymous Tue Sep 25 07:59:35 2018 No.11203997 it was used to fund the project, that's all.

>>	Anonymous Tue Sep 25 07:59:44 2018 No.11203999 Surely what works without it?

>>	Anonymous Tue Sep 25 08:37:52 2018 No.11204248 >>11203948 chainlinks are gonna be used as oracled scaling solution for bitcoin

>>	Anonymous Tue Sep 25 09:28:57 2018 No.11204620 File: 48 KB, 256x256, totale-retort.png [View same] [iqdb] [saucenao] [google] >>11203991 >most blockchains don't need a token to work Those are called databases, retard

>>	Anonymous Tue Sep 25 09:46:25 2018 No.11204771 >>11203957 Why not ETH or a stablecoin? Who wants to own a currency which entire purpose is to buy and only one service?