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17410934 No.17410934 [Reply] [Original]

i dont see it hitting 1k bros, ETH had a hard time getting to 1k even without having two thirds of its supply locked away

>> No.17410960

>>17410934
Even without? You misunderstand how having supply locked away affects price.

>> No.17410965

>>17410934
It depends how fast the smart contract market grows, link price completely based on demand of smart contract contractors shifting the risk of bad (false, hacked etc) data into the oracle operstors

>> No.17410973

>>17410934
You don't have to, I know it will and that is all that matters.

>> No.17411001

>>17410934
You're comparing apples and pears. There are a two things you really need to understand about the whole thing:

1. Smart contracts will eventually eat everything. People have been expecting this for decades, but the technology hasn't been mature for this. It will only happen if there's a reliable oracle solution though, which is what we're all expecting Chainlink to be.

2. $350 billion, which is the approximate market cap corresponding to $1000 per LINK, is not a lot of money in this context.

>> No.17411010

>>17410934
ETH has infinite of the supply locked away

>> No.17411046

>>17411001
>1. Smart contracts will eventually eat everything. People have been expecting this for decades, but the technology hasn't been mature for this. It will only happen if there's a reliable oracle solution though, which is what we're all expecting Chainlink to be.
eth already solves this problem
>2. $350 billion, which is the approximate market cap corresponding to $1000 per LINK, is not a lot of money in this context.
yeah twice the cap of BTC and 70B more than the entire crypto market cap sounds reasonable

>> No.17411076

>>17411046
Crypto hit 1 trillion dollars in 2017.
Why can't link have a third of it?
It's reasonable.

>> No.17411103

>>17411046
No, it famously does not solve the oracle problem. As for the money, you can just do some quick calculations to get a sense of the orders of magnitude. The example often used is the size of the derivatives market, because smart contracts are expected to eat at least parts of it, if you have a reliable oracle solution. This market is estimated at $500 trillion. $350 billion is about 0.07% of that.

>> No.17411113

>>17411103
>No, it famously does not solve the oracle problem.
creating problems then solving them isnt impressive

>> No.17411118

when I become a millionaire with my 1k linkies??

>> No.17411121

>>17411103
So link is going to 14k?

>> No.17411153

>>17411113
Bro you're slow so I'll simplify it for you. The "oracle" problem is lifting the risk of bad/hacked data fed to a smart contract off of the contract parties, that's it. And Chainlink takes the risk and moves it onto oracle operators, who are risking their collateral and believe they can program a good enough solution that can prevent sending bad data to the contract.

>> No.17411173
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17411173

ETH can't even reference its own price without link. It just issues tokens and moves them around according to particular parameters. Link allows data to be securely fed into smart contracts. Eth is the decentralized computer network. Link is the internet layer that provides secure data. 1k is fud.

>> No.17411187

>>17411113
I get the feeling you don't get what the value of any of this is. I'm not going to explain the basics to you. That information is available elsewhere.

>>17411121
I have no idea what it's going to be. These are just ballpark estimates of the orders of magnitude we're talking about.

>> No.17411203
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17411203

People always talked down their expectations of price beforehand. Eth will n ver hit x. Btc will never go beyond y. Etc. Speculation will bring excitement and interest back to this space. Normies will be back even if they got burned because this time it's different.

>> No.17411219
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17411219

Smart con may be the eea moment frens. We're all in this together.

>> No.17411233

if chainlink becomes the top oracle solution for the next decade then 1k is literally FUD

>> No.17411234
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17411234

>>17410934
Your ETH got to 1k because btc pump happened, every shit token in space got to the moon.
Don't tell me you don't know. Go back to charts, faggot, and look what happened.
You refuse to acknowledge it. You are stupid. You never been there, goddamn newfag.

>> No.17411249
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17411249

Should probably look at mansion designs. I'll be making a thread smashing sluts on /hc/ just for my frens when I cash out a portion. What will you do?

>> No.17411259

>>17411219
Smart con is a discord tranny larp retard

>> No.17411287

>>17411203
I don't really care that much if it hits $1000 due to speculative effects. I'm not selling at that point. The context is digital transformation of entire industries, not normies FOMO'ing on memes and driving the price up. The latter has barely even gotten going yet, and this is the decade when it's really going to gain momentum. I'm expecting Chainlink to be part of that. The horizons were always very far away for this project.

>> No.17411300

>>17411287
>The latter
*the former

>> No.17411396

>>17411259
Are you high?
https://twitter.com/chainlink/status/1231296960214122496?s=20
https://www.smartcontractsummit.io

>> No.17411432

>>17411113
Cope look how upset this faggot is!

>> No.17411555

>>17411396
It's actually real? What in the f lying fuck

>> No.17411593

>>17411046
marketcap fud assumes no growth. if we had no growth, bitcoin wouldn't have had any growth. neither would have ethereum. We've seen growth in both, ergo your fud makes no sense.

>> No.17411632
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17411632

>>17411001
>2. $350 billion, which is the approximate market cap corresponding to $1000 per LINK, is not a lot of money in this context.

Ah yes.

Almost worth as much as some of the top companies in the world, with real products and real cash flows.

And you think a few lines of non-proprietary code is worth as much as a real Fortune 500 company?

Fucking drooling retard.

>> No.17411650

>>17411113
Dude stop trolling

>> No.17411822

>>17411632
Calm down faggot - you dont know what you are talking about. Disagree? Fight me, cunt.