/biz/ - Business & Finance

>>21946016
You reap what you sow

I'm planning on going all in on link and buy the dip, should I buy now or wait till tomorrow morning (Central Time)?

>>21946016
why did you use a picture of CL?
This is a question about AAVE and its bullshit

You could replace LINK with any shitcoin in your scenario

This forum is retarded.

>>21946016
The premise is incorrect on many levels.
>going to secure a $50,000,000 smart contract
You won't be securing contracts in USD terms. The term would be in LINK, it won't matter what the price is in USD.
>borrow 50,000 LINK from AAVE @ whatever apr
If you are dumb enough to not take the APR in LINK then you shouldn't run a node. The interest would be on the LINK itself.

>>21946296
>wont be securing contracts in usd terms

Wtf happened to this place.

>>21946016
Um sweetie, you gotta go to reddit with this bait. Dyor

threshold signatures include a feature to protect node operators from price fluctuations. it was in a chainlink blog post. google it.

>>21946016
hahaha is the joke that you can't actually become a node operator? funny stuff op.

>>21946317
>Wtf happened to this place.

I love how this keeps coming up and even back in the day we didnt really have good arguments against it, let it slide and entered another hopium thread kek

>>21946016
why did you use a picture of ChainLink? This is a question about AAVE and its bullshit

It was always a scam. Buy best crypto currencies and stake and earn profit on POOL-X exchange.

You dotards. It doesn’t matter where you get your LINK from, forget the AAVE example.
>be node operator
>going to secure a $50,000,000 smart contract
>LINK is worth $1000
>lock my own 50k LINK into node as collateral
>price of link has crashed to $600
>$20m shortfall on my collateral

>>21946016
Volatile assets used as collateral must be over collateralized to cater for price fluctuation risk. Transactions should occur over a very short period of time so it falls within automation guidelines.

in the whitepaper link is proposed to be around the cost of a cup of cappuccino in Milan, like $15. This shouldn't be a problem.

>>21946788
Honestly, it gets even simpler. Why are you staking a simple data process with cryptocurrency (the most volatile asset ever conceived) in the first place?

Just use encryption. There are fucking countless encrypted signals flying through your body right now. It's not a fucking problem. No one is hacking data feeds. Look at gambling websites, countless data feeds that need to come in accurately and secure, no fucking problem whatsoever. This isn't a thing. Companies don't need to insure these data processes and Link is an incredibly stupid Rube Goldberg.

Linkies think this thing is going to take over finance, but has extremely limited use case basically in the crypto sphere exclusively and the only arguments they have are ad hominem so just let them fantasize and give it up.

>>21946016
>What do I do now?
Believe

>>21946906
Dr;ns

>>21946016
hedge with a strangle

>>21947101
>>21946016
overhead cost, also i just meant a put

>>21946539
You actually are the stupid one this time. Link is a background process, and customers will write their contracts in any currency they choose. Rewards will be converted to link automatically, yes, but you were wrong and you should feel bad.

>>21946599
What are you even asking? What happens when the price fluctuates? How long do you think each transaction is going to take, a week? This isn’t a real problem, and even if it were it could be resolved by overage requirements with differential fees.

>>21946076
>buying the news