/biz/ - Business & Finance

>>52693309
>price goes up and stabilizes at bigger number
>that 4% is enough to pay my bills and live on

That is my dream.

traders not needed

i'd rather accumulate 4% of my stack now and have the ability to sell whenever

>>52693325
>price goes up
>sergey market dumps another billion tokens
>price goes down
>linkies seethe and blame muh fud

>>52693325
>>price goes up
yeah about that....we've been waiting since may 2021

>>52693309
absolutely zero, we are all waiting for real staking which will be the start of tokenomics 2 or the singularity as it has been called
this cucked bullshit means absolutely nothing and you are a fool to lock up your tokens for it

but since biz has been carpetbombed with fud on link you simply cant hold any rational discussion on it
but they recently bending the knee on this showed that yes indeed many anons thought this was bullshit and were legit not staking hence the panicked sentiment control the team put out

>>52693309
It offsets Sergey's inflationary dumping on le hodlers

>>52693309
Do I need to use a "connectable" wallet to stake? I have a myetherwallet on my ledger, you cant connect it and I don't want to make a new wallet to stake it. Please respond.

>>52693420
>we've been waiting since may 2021
Okay Zoomer newfag. I've been waiting since 2000 for the US economy to not be a total dumpster fire.

>>52693952
no, i'm pretty sure you'll just need to send your tokens to a contract address. Although i've been unable to use their 'check early access eligibility' app due to requiring a web3 wallet, none of which has a 'sign offline' functionality, and all i use is a paper wallet. I believe there may be a workaround for this but i'm still working on it.

>>52693984
kek this. ive been hearing this since obama

>make hundreds, thousands of linkies + BUILD tokens risk-free doing nothing

>>52693309
Why not deposit some link on aave and buy 4% of your stack lmao, I call it suicide staking.

The economics of the most important interoperability network in crypto are being realized. 4.75% is a blessing that few understand

>>52693309
Because 4% staking for a crypto is not the same as 4% yield from a dividend on a stock or bond. One pays out in USD based on the initial amount of $ you put in, the other pays out in the crypto which if the crypto has appreciated in value then so has the % gain of your initial investment.

Buy $100,000 of a stock with a 4% yield
Stock goes up 10x
Dividend still $4,000 a year although the yield is now .4%

Buy $100,000 of Chainlink with a 4% yield
Chainlink goes up 10x
Paid out 4% in Chainlink and receive $40,000 worth of LINK, 40% of initial
Chainlink goes up 100x
Paid out 4% in Chainlink (Not USD) and receive $400,000 worth of LINK, 400% of initial

Most people fail to time tops and bottoms and once price reverses and they miss the top/bottom they'll often wait for pullbacks that never come and miss out entirely.

>>52693309
How does staking benefit the network at all? What is the point? Just to make it inflationary?

>>52694633
More complex smartcontracts will require collateral if an oracle fucks up. Staking is you putting up your link as collateral and receiving 4% for it.

>>52694633
jesus fuck how new are you?

>>52694691
But the current version of staking doesn't have your stake used as collateral? There is no slashing, so what is the 4% effectively paying for if there is no risk?

>>52693309
It's the first step towards the singularity. We don't care about the 4%.

>>52693309
Staking is a meme. Yield farming is a meme. Short/Long gets you scam wicked.
The only way to win is spot trading. Strategic entrance, strategic exit. Stay one step away from cashing out, always.

>>52694378
id rather hold stables then a shitcoin that is used to dump on me. Thats what the tokens is used for as it currently stands

>>52694633
>just to make it inflationary

>>52693325
this. at the top I would have made 2500/month at 5%. plenty for me to supplement with a part time wagie job and pursuing my own businesses/hobbies in my freetime. I got a taste of it, and I want it again.

>>52693341
Same dude

>>52695202
Crypto is far too immature for this to be sustainable. The past 10 years has been nonstop boom and bust cycles.
One year you'll have livable passive income the next you'll be getting 100$ a month. Then some black swan happens and your coin drops 90%

You would need like 10m dollars which drops to 2m during the bear market.
Even the 7-8 figure fags get fucked holding crypto in bear markets

>>52693643
Yeah just like how we were waiting on arbitrum before real usage began...
>flip of the switch

>>52696597
the speculative boom and bust of chainlink has already happened though. growth we see from here on out will be organic and not be susceptible to cataclysmic crashes based on trad fi or whatever king shitcoin btc is doing. network effect is happening and it will be smooth and sustainable.

>>52693952
Go to the link stake Page, choose walletconnect , copy the qr code. Then open ledger live go to accounts and find your wallet....there should be up and right an icon of walletconnect.....paste the qr code there and follow the instructions of your ledger

>>52693325
thats what I thought. But the early accessers are the NEVER SELLING types, so I dont see why there would be any change in free float. Maybe 0.2 will have a dent in the supply.

>>52696726
the staking supply will have increased to 75 million by 0.2 and that's just for the eth feed alone. as more and more feeds come on board and become heavily used, you'll see more and more of the circulating supply locked in nodes.

>>52696765
so 2024 at the earliest for this locking.

0.1 unstakes 9 months - 12 months according to latest news

>>52696810
>The pool will start with an aggregate size of 25M LINK tokens, with the planned goal of scaling to a pool size of 75M LINK tokens in the months after launch, based on demand.
possibly sooner. there will certainly be huge demand for staking.

>>52696656
Nah the boom and bust is across all crypto. No alt is immune from btc swings

>>52696871
you have an astonishingly amount of fundamental differences with chainlink though. you have an actual utility function for it. btc is a "store of value" meme and all the competing chains like eth will ultimately just become settlement layers with value only derived from gas spending and i guess ico fundraising if that is still a thing after this year.

>>52696765
Problem is the feeds are not used as much now that everything crashed, the feeds were in high demand during the nft bullrun, now nfts are pretty dead and defi user count has masaively cratered. They need institutions using them. Nobody cares about nfts now

>>52694852
>id rather hold stables then a shitcoin that is used to dump on me. Thats what the tokens is used for as it currently stands

>>52696900
At the moment if btc dumps link dumps with it, this correlation is very hard to shake off because everything is ran by bots that constantly buy and sell depending on algorithms. Theres a big rabbit hole on how the entire stock market and its movements is entirely dictated by AI algorithms.
This will continue for link as long as it can be traded against BTC

>>52696942
yea i'm not saying it didn't exist or doesn't exist now, but it will eventually shake it off due to the actual drive in use of it. the landscape is beginning to change and eventually every part of web3 will be using something from link's technology from price feeds, deco zero proofs and vrf requests to just ccip interoperability. they're poised to capture it all at the basic stack level.

>>52693309
Dear Customer,

Your State-issued Staking Access Gauge (SAG) has detected waning efficacy in your current Staking Status©. Unstaked Status© will remain inactive until one (1) year after your tokens© are booked in for mandatory service. Please be advised that you must schedule your internationally approved and mandated Staking® procedure within 72hrs to avoid penalties and/or d̶e̶t̶e̶n̶t̶i̶o̶n̶ compulsory attendance at your local Q̶u̶a̶r̶a̶n̶t̶i̶n̶e̶ ̶F̶a̶c̶i̶l̶i̶t̶y̶ Staking-Habitat© (v.01).

Failure to comply with updating your Staking Status© may result in your Social Access™ being temporarily restricted indefinitely. Hospital Access and Voting Attendance may be temporarily restricted indefinitely. Social Gathering and Personal Contact may be temporarily restricted indefinitely. Travel Movement Restrictions (TMRs) will be restricted to the following locations:
>1: Home
>2: [null]

To autoschedule your Internationally approved and mandated Staking® appointment, please select from the following options:
>1: Instant™
>2: Special Unit #STAKING-2030™ Worldwide Home Delivery

Please keep the SAG biodata app link open as the appointment is being processed, to ensure your current Health and Bio-Identity details are correctly submitted to the Chainlink Blockchain (ticker: LINK)

Thank you Global Citizen,

*no refunds

>>52696942
i am thinking the 1:1 ndx correlation algos have died recently

>>52696901
fuck

>>52694378
I'd prefer to hold and stake stables on a DeFi middleware like SpoolFi rather than a volatile coin that will dump on me.

>>52697467
>Notice: Metrics ingestion is currently disabled. Historic data remains unaffected, however live updates will not be reflected.
you will have to answer to HIM one day

>>52693325
>price goes up
>can't sell
T-thanks Sergey

>>52697502
You have a point, I also see no reason in locking up a volatile coin when I can easily stake stables without locking period.

>>52694378
You are all idiots. Chainlink yield or staking isn’t gonna be like stocks or whatever. Chainlink is bringing in this new financial paradigm. It’s literally the only investment you want to be in. They crash everything else by 80-90% or whatever, and chainlink rises from the ashes and goes to $3,000 EOY… your 5% yield now earns your gay 5k stack $150,000/year. Meanwhile we have a deflationary collapse and that 150k a year will be like having 150k in 1920 when bread costed 8 cents. You can impregnate a woman from each race 9 times over, they will all leave you and want alimony because you are autistic and it’ll be nothing off your skin. Here’s your 300$ a month bitch… which will be more than 99% of the population gets so your kids will be fine. You won’t even need to buy merc dimes either.

>>52693325
>price goes up and stabilizes at bigger number
what makes you think LINK will ever get over $100? The max supply is 1 billion, which means AFTER Sergey dumps it would need to get to 100 billion mcap. That means its going to be a struggle against the team dumping all the way there. LINK was a good buy in 2018, now it's just another XRP/Cardano play.

>>52694740
It’s an early version of staking, so they want to keep it small and controlled while they learn and optimize. The 4% is the cost the team is willing to pay in order to do this test run and make sure everything is alright. It’s necessary to do when you’re building something like this. Imagine if they just release full staking and it gets exploited and ruins chainlinks reputation. Gotta be 100% right the first time, thus they slowly test it

>>52698372
fraction of the supply will be circulating once staking is fully up and running and there's an entire ecosystem of data being secured. 75 mill is scheduled just for the eth feed. it's not unrealistic for 900+ million to eventually be locked in staking and the circulating supply to be next to nothing.

>>52698196
this guy is definitely gunna have sex one day

>>52698372
The Mcap of one of the industry segments LINK targets is $14 quadrillion. That's just financial derivatives made obsolete by smart contracts.