/biz/ - Business & Finance

>>11706410
Yes this is the reason link never hits 1000$ eoy
The inflation is so high that there will be billions of tokens in circulation link token örice will be 0.05 cents max in future

This is either bait or you are a true newfag

>>11706447
I am new fag and brainlet. PLEASE ELI5

>>11706598
people buy link to use the network and you get it as a reward for being a good cuck

>>11706602
this does not explain shit

>>11706598
now fuck off back to work to acquire more link u faggot

>>11706410
>>11706598
18 decimal places. think about it

>>11706613
it's a scam. when you ask these questions nobody has an answer they just think the token price will magically go up and that node payments will come out of thin air. fucking retards

>>11706619
FROM WHERE THE REWARD TOKENS COME FROM TO NODE OPERATORS? FROM THIN AIR?

>>11706632
Save your breath, linkies literally don't understand this point. That tokens don't just appear into the market from nowhere.

>>11706632

From sergey. He will pay you LINK.

>>11706666
fuck your gets, no nonsense please...

>>11706632
35% oof 1 billion linkies are locked and will be distributed to stinkies for staking their links and running their nodes. new comers will come and want to stake also, so will buy those gained stinkies at higher price, since half of the circ supply is already stacked

>>11706632
not spoonfeeding you fucking retards, read the whitepaper or buy xrp

>>11706677
check pic related

>>11706632
FUCK YOU ARE RETARDED. READ THE FUCKING WHITEPAPER IDIOT. REWARD TOKENS COME FROM CONTRACT REQUESTORS WHEN THEY REQUEST DATA FROM A NODE. CONTRACT REQUESTORS CAN GET THEM FROM AN EXCHANGE CURRENTLY. DOES THAT SOLVE YOUR PROBLEM NOW?!

>>11706677

Praise be kek! Sergey has spoken.

>>11706432
This, companies are already mining chainlink, some anons too are either mining it or using save as.., there will be a huge token supply in the furure and this will never allow the token to reach 1000$, I'm just happy I locked the price of my linkies at 1.2$

So, let me get this straight
>there are 1 billion tokens
>if you are penalized while staking those tokens disappear forever
>sergey can give you a new token if you lose it on accident
>eventually tokens will become so rare the price will be one billion per link because they are always disappearing and no new ones are made and the rest is held by NEETs

>>11706677
This guy is partially correct. Also if, say, Sergey runs out of link, there's this guy named Jason Parser in charge of shadow link fork. The real person behind that name is unknown, there's Satoshi-like mysticism around this guy. The crypto blackpill is that, chainlink is 'bandaid' solution, as stated by Sergey himself. Once singularity occurs, the network will be forked and all node operators will be paid in shadow link tokens. All /biz/ bagholders will be eternally BTFO and their singularity will be full catalog of pink wojaks as original LINK token becomes worthless.

This is the real FUD right here. Unironically sold 100k. THE TOKEN ECONOMICS DONT MAKE SENSE LOOOOOOOOOL

>>11706705
So THE TOKENS THAT NODE OPERATOR IS GETTING COMEA FROM EXANCHES? WHAT IF THERE IS NO TOKENS IN SELL? AND THE TOKENS YOU LOSE WILL GO TO NODE/CONTRACT REQUESTOR??????? EXPLAIN? THERE IS STILL CAP YOU SEE??

>>11706791
exactly... And I am seriuolsy asking this, no purpose fud

>>11706840
Basically there is a price oracle built into the smart contract. It checks the LINK price every ETH block (about 15 seconds). If the price of LINK is trading over $0.60, the smart contract automatically releases LINK tokens to dump on the market until the price is driven below $0.60. Through this mechanism, a stable LINK price is kept at $0.60 or below. For this reason the token price going over $0.60 makes no sense - it's literally not possible. It's all in the whitepaper, you should check it out.

>>11706840
the scenario you talking about has to have high token velocity and price will be very high before it happens, so a lot of people will be selling. However, knowing biz cult-like relationship with this coin, you concern is legit and it could become an issue if biz accumulated all tokens in circulation and refuse to sell.

>>11706840
HOLY FUCK YOU ARE BEYOND HOPE. IF THERE ARE NO TOKENS ON OFFER TO BE SOLD THEN THE PRICE WILL RISE UNTIL THERE IS. IF A NODE OPERATOR RETURNS BAD DATA THEN THEIR COLLATERAL TOKENS GO TO THE CONTRACT REQUESTOR. THIS IS FUCKING BASIC STUFF!

>>11706861
whats the max link that can be produced? once that is reached then it would have to go above 60 cents. while thats a good idea to let its supply circulate, for investores it means its worthless to own until you get near the end of the supply

>>11706939
No cap, they will mint new tokens if necessary. Seriously, read the whitepaper.

>>11706903
THERE IS 1BILLION TOKESN TOTAL. WILL THAT BE ALWAYS THE SAME? AND FROM WHERE THE TOKEN REWARD COME FROM TO NODE OPERATORS? AND WILL IT INCRASE THE TOTAL LINK SUPPLY? WHAT IF THERE IS literally few penaltys. like zero????

CAN YOU ANWSER FOR FUCKING SIMPLE QUESTION? WHY SO HARD?

>>11706969
It will likely increase to 100 billion in a couple of years if things work out like the brainlets who owns this coin think.

>>11706969
WHY ARE YOU RETARDED, IVE ALREADY ANSWERED YOUR QUESTIONS. FUCK ME YOU ARE AN ABSOLUTE IDIOT. THERE WILL ALWAYS BE A MAXIMUM OF 1 BILLION TOKENS. TOKEN REWARDS FOR NODE OPERATORS WILL COME FROM CONTRACT REQUESTORS. IT WILL NOT INCREASE THE TOTAL LINK SUPPLY. IT DOESNT MATTER IF THERE ARE FEW PENALTIES OR MANY PENALTIES, THE SUPPLY REMAINS THE SAME.

HOLY FUCK HOW DO YOU EVEN GET OUT OF BED IN THE MORNING, SINCE ANY KIND OF LOGICAL THINKING SEEMS BEYOND YOU.

>>11706969
Fuck off pajeet, learn to Englishings

>>11706958
Kek

>>11706840
>WHAT IF THERE IS NO TOKENS IN SELL?
That's what we want lmao, that's what puts prices up.

this fucking dipshit oh my god

>>11707079
BUT WHY SO HARD?

>>11706626
this, the token price is gonna spike, will it spike to 1K$ - probably.

$5 MAX for this project.

>>11707079
Your post doesnt make sense, consider this: The mcap of all LINK tokens right now is < $200 million. I want to make a contract for $300 million. Not possible. Do you really want me to believe sergey hasn't thought of this? Were do the extra tokens come from if not minted by him?

>>11706598

>>11707531
You wouldn't determine the value of your contract like that number 1. Number 2 IF your contract was worth that much money and whatever it provided was worth that then yeah the price of the tokens would go up just enough so you get your 300 mil. Basic economics dude

This is by far the most newfag thread ive ever read. Have ANY of you read the white paper, specifically the section about the token? Jesus christ...

>>11707815
>tfw you realize it's unironically people pretending to be mildly retarded so they can FUD newfags who don't do any serious intellectual investigation in order to keep the price down and keep undeserving redditors from becoming millionaires

>>11707815
Yes can you eli5 it to me?

>>11707815
CAN YOU ELI5 IN JESUS??

WTF YOU GUYS THINK THAT NORMIES WILL BUY THIS IF YOU CANT TEACH THEM? PRICE NEVER CAN THEN INCREACE

AAAAAA IBHAVE RWAD THE WHITEOAPER 2 TIMES AND TOKENOMICS SECTION 19000 TIMES. FOR FUCK SAKE.

ELI5

>>11708831
Help this anon frens... It's sad to watch

>>11708831
Thank you for the keks

>>11708831
>>11708883
The secret to link’s tokenomics is the frens we make along the way. Don’t try to rationalize these things, just follow the memes and the frens

Wow, this thread was troubling. The shills don’t even know how it works. I just market sold and took my profits.

>>11708900
look in to my eyes you fucking kek. I am this seriours no joke

>>11708799
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

>>11708799
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

>>11708977
I know this pasta you cunt. It seems that even long term link holders can't explain simple questions that are actully relevant...

>>11708799
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

I know this pasta you cunt. It seems that even long term link holders can't explain simple questions that are actully relevant...

>>11709036
Listen I genuinely care about about Anons financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Chainlink is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away over night. Vitalik Buterin the creator of ethereum said himself the days of making x100 or x1000 are over, that right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the December/January bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto chainlink isn't even needed to run the nodes. Think XRP when you think chainlink. The company ripple (smartcontracts) is doing well but the coin XRP(chainlink) isn't even needed for the companies technology. Considering what Vitalik said "The days of making x100 or x1000 returns are over." Chainlink needs a 399900% increase in price over the next couple of months to reach $1000 this is ludicrous. Don't fall for it, chainlink its a meme to fuck you over. Consider this for chainlink at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is a 4chan meme to siphon money out of the hands of the already vulnerable.

>>11706598
"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy" - James Madison

>>11709050
help pls help

>>11709438
Token rewards for node operators come from the CUSTOMER of the contract, which have to buy them on the open market.

This ain’t even ELI5, it’s ELI2

>>11706969
LESS TOKEN
MEAN TOKEN WORTH MORE
18 DECIMALS

>>11707079
Kek, This made my day

>>11709050
Why do you keep doing this? You’re in every thread

>>11706778
>Not realizing forks PT out the same amount to addresses as the original chain
>pointless fud is pointless

>>11707531
You can make a contract worth $300m. What's stopping you? Guess you didn't realise that the notional value of the contract has nothing to do with the market cap of LINK. If you're gonna FUD, at least try and understand a little about the project first.