/biz/ - Business & Finance

>>21653780
It’s happening tonight.

Get ready for the greatest transfer of wealth in stinkies history.

Lmao fuck you scammers

Someone please spoon feed this brainlet

>>21653992
They're off by a few months of a year but pretty much if you own a measly 1000 LINK you'll "soon" be a millionaire.

>>21653992
Chainlink has experienced three parabolic pumps. In theory there should be another within 3 days. If it doesn't happen it just means the price of link has consolidated and will remain stable until something pushes it up or down. Right now it's being very actively traded.

>>21654034
>>21654048
I have exactly 1050 link. Thank you for the hopium hit anons.

>>21654098
Oh right on. I have 1080

>>21654098
if you want more hopium look at the chart of any successful company ever. You'll see dips, sometimes lasting for years. Look at Apple

>>21654098
the biggest possible let down with link is maybe having to wait 3 to 5 years for it to reach 1000 imo

tfw can't afford to invest in anything right now and am only just learning the ropes

I have exactly one Link. T-to the moon, right g-guys?

I have 12 link.

>>21654258
President Biden is going to cancel student loan debt. I would take out a fat student loan and buy some link tomorrow. Its a very bad idea but thats what id do

While I'm disappointed to know that I have less than half of you guys, I can't complain about having this big of a stack considering it's knocking on the $20 door right now.
To think I first bought this meme coin at less than $2...

>>21654156
>>21654187
I have been holding Apple, Amazon and Netflix for almost ten years. I am built for hodl

>>21654187
Hold and don't sell.
As long as you have the willpower to hold and continue developing your portfolio, a million in 5 years is easily worth the wait. In the grand scheme of things 5 years is not a long time. Most will sell out before then which will inevitably make having 1000 LINK be quite a lot. Also, simply don't sell even when it's worth $1000. By the time it's worth that much you'll be able to make $5000 a month easily by staking your linkies.

>>21654320
kek
No, but, seriously, Jubilee will come and it won't be before too long.
Before POTUS is finished with his second term, we're going to see a bimetal standard be reintegrated and likely some kind of blockchain element to make up digital transactions.

The real question is what happens between now and then with crypto.
We've already seen POTUS is lowering capitol gains and income taxes... so it looks like it's at least sort of starting.

>>21654364
why is asuka pointing a gun at me

>>21654383
>Lowering capitol gains
Source? My one large long investment is in some Iraqi Dinar.

>>21654364
LOL $1 mil at stake won't earn you $60k a year...

This is coming from a top 1000 wallet stack also.

>>21654364
>Also, simply don't sell even when it's worth $1000. By the time it's worth that much you'll be able to make $5000 a month easily by staking your linkies
This is why I'm never selling. If I sold I would have to give the jews 30% of my linkies in the form of tax which will then be used for nigger welfare and wars for Israel. Instead I'll just live off staking that way if I ever have kids they'll be able to avoid wagecucking as well.

>>21653780

Back down to 10 first

>>21654435
https://
www.marketwatch.com/story/trump-seriously-considers-capital-gains-tax-cut-heres-how-he-could-do-it-2020-08-11

>>21654048
Where did you get 3 days... Took 3 weeks between the pump to $9 finished to the $20 pump starting.

>>21653780
I choose to believe this curved line.

>>21654533
Look at where the precipitous drops are though.

>>21654488
>staking won't return 6%
It would have to offer, at minimum, returns competitive with other forms of investment or else there will be no incentive to stake.

>>21654583
I'm also counting 15, not "20" as my latest benchmark because I think pure hype is what created 20 which is why it only existed briefly

>>21654600
Don’t argue with stupid
Obviously a low iq larper
Anyone in the top 5000 wallets knows what they’re holding and this anon clearly doesn’t

>>21654639
just curious what’s the cutoff for top 5000

>>21653780
buying more this week.
sold my 2017 F250 super duty for 30k.
picking up another 2k linkies

>>21654364
>>21654488
>>21654600
>>21654639
What am I missing here?
5% of 1,000,000 is definitely 50k...

I guess you guys were saying 6%, though...
I was pretty sure staking LINK gives 5%. Is it actually 6%?

>>21654815
Jump off a bridge with a brick filled backpack

>>21654391
She doesn't want you to sell, stupid!

>>21654815
The staking payouts will be determined by the market. It's not set in stone. "Staking rewards" just means what people are paying you to use the oracle backed by your staked link.

>>21654815
no one can make you promises about staking. link payments are determined on a contract basis, the network itself doesn’t set payments. when you use a staking service they will give you a cut proportionate to your link stake, linkpool I believe has some numbers already. But regardless it is still dependent on revenue, which is determined by payment for jobs and number of jobs in a given time frame. The % return for staking will vary widely among stakers, especially in the early stages, because it will be highly competitive

>>21653780
D E L U S I O N

>>21654600
>It would have to offer, at minimum, returns competitive with other forms of investment or else there will be no incentive to stake
What's the logic here? The returns will be higher or lower depending on how "safe" the public perceives the investment as well as what the asset price is (higher asset price = lower returns and vice versa)
Your comment about "competing" doesnt make sense... are you going to compete with government treasuries at sub 1% or against corporate debt at 5%? Or another asset class entirely? 6% APR seems like a very reasonable, if not high rate for low risk staking.

>>21654915
I’m sorry for being such a baka, i appreciate that she’s looking out for my financial well being

>>21654765
You sold a top of the line truck for what I bought in 2017 with my Christmas money

>>21654383
>>21654435

Yeah start talking. The president doesn't have that kind of authority--- that is tax law which congress has to approve. As much as I'd like capital gains to go down.

Please don't just say that you heard him announce it on TV and believed him. Anyone who can't see that he will say anything, even the most contradictory, absurd, outlandish promise when he's on the spot is truly oxygen starved and braindead.

>>21655006
He can temporarily suspend it.

>>21655006
You're going to have a hard few years.
Good luck, bud.

>>21654942
Competing as in why would whales stake hundreds of millions in link if they are getting less returns than boomer stocks. If staking link is not at least comparably profitable to boomer stocks, then there is no point in staking your link rather than cashing out into other investments which will be more lucrative.

>>21654955
Factually correct but it's never too late to invest. People get themselves trapped in that mindset and it keeps them from investing more thus making more. Remove the mental blockage. Just look at ETH or BITCOIN. Now is the time to buy, those who fear sold all of their linkies are fools. If only you knew how good things really were. Sub $20, nobody here is late, they're still early.

>>21655107
I'm not convinced yet. I'm willing to wait for it to go back to $20. Then I'll drop a few grand into it. I know that's not enough to "make it" but it's definitely enough for me to reinvest and snowball.

>>21653780
Dont play with my emotions. Is this actually possible?

>>21655107
How new are you? It's not going to end well for that guy

>>21655219
Nah, we probably won't see four digits until 2025.
There's a damn good chance it goes to 300, 400 or even 500, though.

>>21655207
I don't even understand what would constitute making it, from a crypto perspective. I have approximately 8K to my name now in total net work, most of it liquid. I need it to go somewhere so it's not just rotting as USD at Wells Fargo. But I'm also fucking terrified of doing anything with it. Deep in the poverty mentality, I guess.

>>21655253
Im fine with 300. Could that happen in a year,?

>>21655207
>i'll just wait to buy high
kek

>>21655219
yes

>>21655289
If it's worth anything at all, I'm very, very confident we'll see that price in during this coming altseason.
I wouldn't wait to sell any later than the first week of January 2022, though.

>>21655327
so 2021 is when shit will really pop off?

>>21654942
There is an equilibrium. People who have money build there portfolio with two basic considerations: risk tolerance and roi. If you have a low risk tolerance you’d likely build a portfolio that is safe but has a relatively low roi. The reverse is true for someone with a high risk preference. However, all things being equal, an investor will put their money in an asset that will provide the highest roi within the risk threshold they deem acceptable. Therefore the absolute minimum that people would accept as an roi on chainlink would be the 3-5% that you can safely accrue on low risk instruments like dividend stocks. If that doesn’t happen then people will sell off their chainlink and put their money in traditional investments instead. But for the network to work at all there needs to be an incentive to stake. With the higher risk associated with a upstart crypto project like this, the absolute minimum of 5% had to be exceeded or the project will fail. The once exception to this is if the value of the token is appreciating enough to outpace a dividend roi, which is likely to be the case early on. I’m that instance people will be happy to lock up their chainlink in nodes and receive a lower return because they are being paid in linkies which have speculative value higher than the nominal value at the time of staking.

>>21655351
2021 is also the year of the bull fyi

>>21655381
What happens to crypto when the normal economy collapses? I hear some people put money into crypto to protect it, but some coins are tied to real currencies, aren't they?

>>21655275
I was in your same position in 2018. I put my entire life savings (7k) into link (after losing 40% of it buying the top with XLM and FUN lmao).

>>21655420
just buy my bags idiot

>>21655351
Yes, next year will be the fresh 2017 cycle.
Things may not be as good as they were then, but they could also be significantly better.
We have no way of knowing. What we do know, though, is that the cycle is four years and that it revolves around the Bitcoin halving, which subsequently pumps alts across the board.

LINK is the ETH of this cycle and many noticed it in early 2018 (a lucky few in late 2017).
Here we are.

>>21654765
respect man, i bought 10k linkies for like 3k and thanksfully never sold it. but also neever bought anymore. so respect to you. and yooure probably richer than me and maybe even happier.

all i do is stay home all day and dont even work.

>>21655494
What kinds of things do you do in your leisure time?
I have to prepare, I guess...

I think I'm mostly looking forward to finding out what I'm really good at and enjoy doing.

>>21655430
I would like to be able to make that gamble and win too, but I am disabled and thus have to look at each gamble as a potentially permanent loss, as it's not easy to regain money for me. I just don't understand enough. There seems to be unrivalled support for the likelihood that Link will take off like Bitcoin did, but I don't understand why or how.

>>21655438
Sure thing bro.

>>21655290
If it's going to keep going up to $100 (or higher) then I'm okay with buying in a little bit later to feel confident in my investment. I'm not convinced that it's not going to tank still.

>>21654364
Hold so this guy can sell.

>>21655542
I’m thinking of learning fencing. I always wanted to swing a sword around, and katanas are for weebs.

>>21655483
>LINK is the ETH of this cycle
god im so fucking excited for you guys

Op that chart sucks dick bro you need to adjust

>>21655636
If you like the katana profile but want something European, check out the kriegsmesser.

>>21654258
Take your gains and reinvest for another moon shot. Then take your gains and get the sample platter at the bellagio

>>21654304
Don't feel bad, i also have a tiny ass pile. But it will get us started. 12k will get you the future stack on another coin you need to make it.

>3 links in the bag
Hell yeah borther

>>21655275
"making it" would be making enough to comortably retire. Something like $8 million+. I recommend just investing a couple hundred instead of going all in. Don't spend money that you can't afford to spend! Remember that even if you can't buy a make it stack, you're still making a HUGE profit. If you put $100 into LINK right now that would give you 6.10 LINK. If it moons to $100 that's a profit of $510. That doesn't seem like much in the grand scheme but that's $510 of FREE MONEY. You're literally leaving money on the table by not investing. I'm not even confident that LINK is going to reach these projections but I still have 17 LINK because it's FREE MONEY.

>>21655733
>"making it" would be making enough to comortably retire
>Something like $8 million+
This is your brain as an urbanite.

>>21655055
Checked

>>21655755
>>21655733
>I still have 17 LINK
>$8 million is making it
How can one person be so fucking confused?...

>>21655755
8 million turns into six figure income off of dividends AFTER taxes. That's more than enough for me.

>>21655636
I can teach you. I accept link eth and btc.

>>21655867
This is why you'll never make 8 million or anywhere close to it.
You are an absolute brainlet.

>>21655075
> If staking link is not at least comparably profitable to boomer stocks, then there is no point in staking your link rather than cashing out into other investments which will be more lucrative
you'd better tell all those holders of us government treasuries that dividend stocks are more lucrative. you're completely ignoring how risk plays into returns

>>21655376
>There is an equilibrium. People who have money build there portfolio with two basic considerations: risk tolerance and roi. If you have a low risk tolerance you’d likely build a portfolio that is safe but has a relatively low roi. The reverse is true for someone with a high risk preference. However, all things being equal, an investor will put their money in an asset that will provide the highest roi within the risk threshold they deem acceptable
Yes, I agree
>Therefore the absolute minimum that people would accept as an roi on chainlink would be the 3-5% that you can safely accrue on low risk instruments like dividend stocks
What? how is that a logical follow up to your previous statement?
>the absolute minimum of 5% had to be exceeded or the project will fail
I have no idea where you are drawing these conclusions from. You'll have to clarify this one for me because it seems like a ridiculous assertion

>The one exception to this is if the value of the token is appreciating enough to outpace a dividend roi, which is likely to be the case early on. I’m that instance people will be happy to lock up their chainlink in nodes and receive a lower return because they are being paid in linkies which have speculative value higher than the nominal value at the time of staking
This "one exception" you listed here is actually the only reasonable conclusion. The free market will dictate the returns on staking, the price of LINK (neither of which can be speculated with any reasonable accuracy) and your entire comment is unnecessary as it is answered by my initial comment anyway >>21654942

>>21653780
??? i can draw lines going up to...

>>21655680
This seems like an extraordinary signal that demand will skyrocket. Am I misinterpreting?

>>21655693
Fingers crossed. No gains to speak of yet though.

>>21655733
I would really like a larger payout, but the hair on the back of my neck stands up over the idea of spending 4 figures on anything. Maybe I should take a deep breath and plunge.

I've just been using MetaMask while learning systems. If I were to make a serious investment in crypto, what kind of wallet situation should I look into?

>>21655886
Explain then. If I have something wrong I would like to learn.

>>21654187
You fucking faggot you had 3 years. 3 years. We have six months max for $1k. Accumulate or cry. You're going to sell when it hits $100 and fud it all the way up expecting a dip. Those of us that have been here have put in the time and experienced the pain of the dips and crabbing. It is not going to be another 3 years, or 2 years, or even 2 months. It's happening every night.

>>21655943
If you get 1% roi a year with $8mil you'd get $80,000 a year. That said you'd easily make at least 4% roi which is $320,000 a year. Sounds comfydesu. I'd be happy with a million, $40,000 a year goes a long way.

>>21655381
That’s bullish af

>>21655921
God I hope so anon I really do

>>21655891
My point is that if link has a less than 5% return people will sell their link and put their money in a higher roi investment. This will drive the price down and crash the project causing it to fail. Therefore, if link succeeds it will have to pay out more than 5%, probably closer to 10%, or else nobody will keep their money in the network. Bear in mind this is talking about the timeline where we have a mature network with plenty of apis and end users.

>>21656033
That's exactly my thinking. More would be nice of course but I'm not greedy. Making it for me is owning property and living a comfy middle-class life.

>>21655943
Its your mindset. You have a ridiculous goal that every moron who thought he'd make it big thought up.
Making it isn't magically getting 8 million then living off of it. If you manage to make 8 million, 8 million that you don't have to spend, its either because you won the lottery (and you're going to lose all of it because you're shit with money), or you're regularly investing with a firm strategy and you're not dependent upon nor even thinking of storing 8 million into some account to make dividends off of.
You don't even need 1 million to comfortably retire. You don't need much to comfortably retire. This is why its your brain as a urbanite. You think of 8 million in an account to make 6 figures annually so you can, what?
Stop thinking retarded and start making money.

>>21656111
You're making a lot of assumptions here. What's wrong with having a goal?

>>21656193
>You're making a lot of assumptions here. What's wrong with having a goal?
You asking this question is why you're never going to succeed in anything you think to be possible.
Develop autism or die.

AIGHT NOW HOLD UP JUST ONE MOTHAFUCKING MINUTE NIGGA
IF DIS SHIT RLLY GO TO A THOUSAN THEN HOW DA FUCK IS DAT SHIT NOT GON CRASH IMEDIATLY???
IM THINKIN IM FINNA CASH OUT AT 8HUNDRED 2BSAFE

>>21654942
Exactly this.

>>21656272
Ostensibly, because the amount of money you'll make from staking long term will be better than the quick cash out.

>>21656111
Either that, or instead of doing all that shit you just yolo into chainlink and wait a few months.

>>21656072
Price down = yields up
Price up = yields down
The project is not going to implode, anon. The us government hasn't imploded due to treasuries yielding less than dividend stocks.
A yield of 10% for simply holding an asset is going to draw tons of investors to staking, driving the price up as they buy, and subsequently lowering the yield as they all stake and add liquidity. The free market will dictate our exact price and yield in time.

>>21655075
Dude stocks have much more risk... Things that produce consistent returns with no risk can demand lower rois (perfect example: bonds) and people will still park trillions in them. You need to learn about managing finances. It's a lot different when you're managing $50M than when $50k.

>>21654048
>In theory there should be another within 3 days
why in 3 days? based on what?

>>21655376
It’s an essay but this
>>21655733
I’d argue 5 mil is enough but if you’re looking at never investing again 8 is safe. For reference I’m hovering around a mil, I can’t walk away yet. I don’t feel like taking anything off the table until 4

>>21654034
Stop lying to people faggot.. not in chance in hell link goes that high.

>>21654034
>They're
You have to go back

>>21656629
I'm talking 8 mil before taxes. After taxes you drop down to around 5 mil. I also plan on continuing to invest my passive income back into the market/crypto to keep gaining while never having to worry about the money.

>>21656649
Is that particular contraction a plebbit thing?

>feds publish the protocols of the elders of zion
>Yuri Bezmenov in the new CoD trailer
>staking possibly in 2020Q3
I dunno what the fuck happened in the last couple days but I'm down. 1000EOY.

>>21656715
Where do you live? Yikes. I’m hit at 15% long term. 1.2 of 8 would leave me here at 6.8. My b

This is my kind of hopium it feels like it can happen and not at the same time feelsgoodnotman

>>21656970
Who knows what the taxes will look like when I get there though., right? Might not even have a capital gains tax at that point, in which case, the goal gets much smaller.

>>21654616
don't get the 3 days time-frame you brainlet

>>21653780
Please don't give me false hope anons, I unironically put everything in this

>>21657239
3 days from now, factoring when we broke 15

>>21657387
You'll be fine (and wealthy)

Could even I, a linklet, with a measly 50 stinkers, make enough to continue investing smartly so that in the future I can make it???

>>21657646
Any profit you make can be reinvested smartly.

>>21657646
Anon you only need to 10x your money 4x to get more than 8 mil. You just need 4 lucky plays. It can take time to find the right ones, and you'll make bad ones along the way that'll lose you money, but that's what hedging is there for. You'll make it.

>>21657387
The only "false hope" will come from you if/when you sell early

>>21656647
stay poor

>>21656111
>You think of 8 million in an account to make 6 figures annually so you can, what?
Easy, so you can live comfortably indefinitely without running out of money or otherwise losing it. What's the problem with that? I'd rather arrange myself getting the equivalent of a nice paycheck rather than risk millions of dollars or waste them like lottery winners do.

>>21655733
You can comfortably retire on a lot less than that. My neighbor does covered calls monthly with 500k and makes between 20k/mo just on the calls. Once he taught me about calls I rebalanced all my portfolio so everything was in multiples of 100 so I could sell covered calls. I’m doing it with 150k and sell calls over that bring in around $6k per month on the calls. I’ll also sell puts for stocks I want to buy at a lower price. Usually they expire OTM and I pocket the premium for another few hundred here and there. Not enough for me to live a nice lifestyle on in a big city where I have to work but you could definitely live comfortably in a more affordable area on just that.

>>21658022
I don't plan on living in a big city. I'll be moving somewhere more rural whenever I make it. Either way, my goal is to be able to live entirely off of passive income and continuing to invest afterwards while doing whatever the fuck I want.

>>21655546
What you figured out doesnt matter, smarter people have. Listen to them or fuck off.

>>21658261
I'm working on it, but I only have so many ears and so many hours.

>>21658333
I'll summarize for you
BUY LINK
RETARD

>>21656581

Never selling my link

>>21656091
>More would be nice of course but I'm not greedy

>>21656861
yes it’s they/them gender neutral faggotry that is not tolerated here

>>21655636
Learn to play Gold. Expensive sport that also takes lots of time and practice to get good. Also very rewarding when you hit good shots. But its hard for working people to play, because they dont have the time and they dont have the money. If I ever make it, Ill be travelling and playing golf courses all over the world.

>>21654435
My sides

>>21653780

It can still retrace to about $11 which if it does it won't last long and I'll be fucking rock hard

>>21653992
3 USD eoy

>>21653780
THIS IS THE YEAR

>>21655327

It seems like the peak of the next run will be a little ways into 2022, perhaps 2-3 months I doubt it will happen exactly like the last run. Each BTC halving takes longer for halving to take effect and for the reduced daily sell pressure from miners.

>>21657387
Prepare for a major correction anon. Dont say I didn't warn you. Just buy when you start seeing a lot of pink works soon.

>>21659777

>>21659885
wojaks*

>>21654600
>>21654942
I disagree that staking is low-risk. It's collateral for API data being reported correctly, if some of those sensors fuck up then you're out ALL of your investment. That's a very real possibility early in the network's life.

I just added 20 more linkies to my stack
Feels good man

>>21660108
No node is going to accept liability for source failure, anon.

>>21653992
me in the small cup

>>21654304
>>21655704
14 stinkie here, we're all gonna make it bros

>>21660160
It's been ages since I read the whitepaper, how does a contract writer verify that the node operator reported faulty data and collect the collateral? What does the process look like?

>>21660222
It's going to be absolutely different for everyone, I imagine.
These things are meant to be completely customizable, and largely provided by a third-party cottage industry.

I imagine sources signing their feeds cryptographically (like that Coinbase Open Oracle thing) goes a long way towards making this possible.

>>21655376
>If that doesn’t happen then people will sell off their chainlink and put their money in traditional investments instead. But for the network to work at all there needs to be an incentive to stake.

staking isn't meant for normie investors, it's for companies who want to sell their data. i assume that the banks who have nodes for price references do it not because they think they're gonna make the big bucks from it, they probably just see it as an extra revenue stream for data they have a hard time monetizing anyway, so why not make some money from it now that they can.
maybe i don't understand link staking well enough, but from what i see, it isn't designed for investors and don't have their roi in mind at all, it's about giving entities with data to sell an incentive to make that data available on the network for blockchains to consume, and that incentive doesn't have to be that big percentage-wise, as long as it's not 0% or under the network will work fine.

>>21660273
surely dispensing the collateral is an inbuilt part of the chainlink protocol, that's what makes it trustless

>>21660383
Well yes, but what triggers it matters.
And this trigger is meant to be customizable ad infinitum.

>>21653780
This is what Safex will do but it won't stop until 200x in 2021.

>>21660408
so it's ultimately arbitrary and probably going to be triggered by some meatspace schmoe who has to fiddle with the contract manually?

I'm selling my whole stack, fuck this

>>21660442
>so it's ultimately arbitrary
haha what?

>going to be triggered by some meatspace schmoe who has to fiddle with the contract manually?
If that's how you want your contract to be triggered, that will be possible as an option.

You're an idiot.

>>21659885
I'm too scared to buy when it's a big red dildo though, I don't know if it going down again

>>21654098
I only have 777 because I can't bring myself to defile the sacred number, did I fuck up?

>>21660412
Safex can only scam until 2021 and beyond

I'd be happy with anything above $25k passive income for my 1000 stinkies. It's enough money to not have to wagecuck and you've got all your free time to work on making side money doing shit you actually enjoy.

2018 - 2019 I was working a shitty factory job and put 150 dollars every other week into link, I went up to 7k I now have 5k

Why are people acting like this is a difficult thing to do?

>>21653780
>>21653954
>>21653893
>>21653992
>>21654034
>>21654048
>>21654098

Honestly looking forward to seeing you scamming cunts lose all your 'profit'

>>21659777
Checked

>>21654098
>I have exactly 1050 link
based as fuck
https://www.youtube.com/watch?v=MIyBFNjc1kY
its monkey season $1000 eom lfggggg

>>21654323
I feel you. I loved all the memes and wanted to be part of the club so I accumulated 7k link for spare change... but then I saw potential in REQ and jumped ship. Oh what could have been

>>21653780
>number go up forever

>>21661177
>potential in REQ
What potential? What the fuck
I've been holding this shitcoin since 2018 just as a bitter reminder, honestly curious to hear your rationale

>>21661139
>its monkey season
NO ITS FUCKING NOT

>>21661217
Read the white paper

>>21659777
Checked

>>21661311
lmao great explanation for a coin that dumped from 1 to 0.01 and 100k$ volume for two years

>>21660475
So basically you have no fucking clue yourself? Just accept this is a centralized scam retard.

>>21661501
Sure I have a clue: anything is possible.
From dumbass setups where nodes lose money because the source malfunctioned, to actually good systems where only actual node failure/maliciousness is penalized.

>>21661552
Anything is possible? Sure? Decidible? Not so much, but it's obvious that tech illiterate morons like you don't understand the difference.

>>21661597
Are you having a stroke?

Things like aggregation, reputation, collateralization, ... are all going to be infinitely customizable, and offered by a third-party cottage industry.

>>21654048
Based knowledgeable anon

>>21661622
Wrong retard. There is no reconciliation for data off chain, period. You cannot decide that and at best you can throw a person or persons to escrow collateral and decide for themselves.

>>21661712
>There is no reconciliation for data off chain, period
What do you even mean?

>you can throw a person or persons to escrow collateral
Can you try writing that again?

Why do esl Sanjeets insist on making their opinions known in such broken English?

>>21659777

>>21654304
I do have 13 linkies myself

baiting newfags again i see

>>21659777
This is the year

>>21655219
Its possible in two years if things are slowly kicking off as they are, you can do the math to see it as long as it peaks or remains in top three based on market cap.

1k eoy

>>21655006
But see when the supreme court told Trump he's not allowed rescind DACA they opened up a can of worms.
He can just legislate via executive order and precedent says not even the next president can take it apart

>>21655546
Basically this: btc created the whole crypto market by providing a decentralized store of value (like digital gold). A thousand clones tried to compete, but were redundant and too late. By having digital gold as a first layer, it was then possible to build a new kind of market on top of it, a second layer where so called “smart contracts” are able to do “decentralized finance” (DeFi) applications where they move btc (and sure, other tokens as well) around automatically based on the code in the smart contracts (which are computer programs). Last bullrun, in 2017, Ethereum emerged as the tentative winner of this new layer (though this may be less settled than btc dominating the first, store of value layer). Now, the smart contracts haven’t yet been able to do much useful stuff, and the reason is that they don’t really have/had reliable ways of connecting to real-world data sources. That’s where the third layer of so called “oracles” - reliable data feeds for smart contracts - comes in, and the dominance of this space is perhaps the biggest thing at stake in this upcoming bullrun, and it looks like link has a good shot there. Hope this helps.

You linkies think it solves the lambo problem, but it really only solves the miata problem or at best the corvette problem. It's a hard truth to take, but the reality is that you need at least 100k to make it.

>>21655733
It is not FREE MONEY!!1!
Nobody knows where link will go.

>>21662312
I would add on that Link is so far in front of any competitor right now when it comes to number and quality of integrators, tech, and actual industry leading team members. This is why they are being declared a winner, it’s because they had the foresight to recognize, think about, and solve the oracle problem before anyone even considered it. Unironically they are just so far ahead now that it would take a major catastrophe for someone else to win the doracle network war. My own brainlet take for what might end up happening is the other smaller networks will end up operating as oracle options within Chainlinks larger dOravle network that is daily increasingly becoming the universal standard with each new integrator / user it captures
t. oldfag 2017 30k link holder