/biz/ - Business & Finance

In the ccip blogpost they mention this

>payments made in alternative assets will be withdrawn to separate maintenance pools and replaced within the CCIP contracts with LINK based on the exchange rate at the time of payment

Where does the link come from in that instance?

this is my first bear market and it's been fucking bleak
when (if ever) will we see 3-digit link?

>>55788249
> Where does the link come from in that instance?
There's no public information available, however, since CCIP is still on training wheels, we can assume that Chainlink Labs manage this.

>>55788258
> when (if ever) will we see 3-digit link?
The Chainlink network will need at least another two years to reach maturity and become sustainable. Once the network is sufficiently developed, we can expect steep increases in price. However, speculative pumps could happen at any time. I believe we'll see a breakout toward SmartCon.

>>55788300
So once again it's issued by inflation? Like staking?

Before the "training wheels" are removed, what are the mechanisms that could lead to a price increase of the token? Only speculation?

GM based kings

>>55788177
Bump for anon

>>55788309
> Before the "training wheels" are removed, what are the mechanisms that could lead to a price increase of the token? Only speculation?

Yes, I hate to break it to you, but only speculation can drive up the price until the network is mature. I'm optimistic that we'll see maturity within two to four years.

>>55788569
Thanks for being honest. At this rate will all the tokens be distributed in 4 years?

>>55788601
Chainlink Labs only provides a little public information regarding their token release schedule. Having worked in the space for quite a while and having designed multiple applications and their tokenomics, flexibility is critical in such a fast-moving environment. Consequently, I doubt they'll release all tokens anytime soon. I'm sure they have a significant strategic allocation for SWIFT and friends.

>>55788177
How can I, a NEET par excellence and LINK marine since ICO, best be involved in the new Chainlink economy (e.g. running a node) and running a legitimate business based on that without just relying on third-parties (such as stake.link).

>>55788629
>Having worked in the space for quite a while
have you ever tried interviewing for chainlink? why bother working on anything else? how does FAAGMAN compare to web3 companies?

why do you niggers think CCIP stands a chance against L0? The latter is miles better, has larger liquidity, usage and pairs, secure too.

>>55788601
>At this rate will all the tokens be distributed in 4 years?

>>55788177
How come no one actually cares about the project enough to propel it into the top 10

>>55788897
It's exactly where they want it to be. You think Chainlink can't affect the price? The whole "they own hundreds of millions of LINK" is complemented by "they own billions of dollars". They have more resources than anyone to set whatever price they want.
So why don't they? Half this board acts like they're flailing around and it's out of their hands.
Why would it be out of their hands when they could clear global order books in a single market buy?

Good to see you again spoonfeed anon.

What is your opinion on how will v0.2 staking pool play out, will retail still be able to stake additional 7K LINK in future versions or will there be a long que with bots insta sniping any free space in the pool?

>>55788177
How many link to make it

>>55788177
Checked. What makes CCIP a better alternative to LayerZero or Wormhole?

>>55788177
Wb Spoonfeedy and checked.
Sergey hinted the other week that Swift could go to a pilot scheme with CCIP and that if this happened then 'the sky's the limit'. What's your take on this and if this happened would this not, at least in part, counter your 'pure speculation for next 2-4 years' comment?

>>55788659
NEETing is terrible for your body, mind, and soul. You should go out and be active. Depending on your situation, you could create content, support the community, or build your apps.

>>55788670
No, but I'm applying to work there soon. There're many reasons why you don't want to be a wagie. Crypto is still immature, and there's plenty of opportunity. Chainlink is as close as you can get to a professional company.

>>55788682
The Meta Layer is a winner-takes it all sector. Offering "just" interoperability won't cut it. You must provide the whole product suite; nobody comes close to Chainlink.

>>55788897
VCs drive the current market; they are retail idiots with OPM. They can't pump and dump Chainlink and don't understand its unique vision and situation.

>>55788975
It took multiple hours to fill the v0.1 pool. I expect it to be the same this time around. Again, CLL is very conservative with the information they give, but it's likely the v0.2 staking will allow the withdrawal of principal and rewards. Hopefully, we'll see more staking pools.

>>55789056
Depends on your timeframe, target, and the market in general. The commonly agreed stacks of 1k suicide and 10k make-it are accurate for the next bull run. Moving closer to 2030, you'll see people bragging about their single-digit link stack.

>>55789531
does it not bother you that they pivoted to only a v0.2 version of staking an entire year later

>>55789138
There are many reasons why CCIP is the superior product, including
- Strong synergy and network effect with the existing Chainlink services
- Flawless track record (think of the Wormhole exploit)
- Active Risk Management Network decreasing exploit severity
- World-class employees and advisors
- Universal Gas abstraction

The list goes on, but the current interoperability solutions look similar to the custom-built oracles we saw a few years ago. Chainlink crushed them.

>>55789150
A pilot is, per definition, not a production system. Consequently, you cannot expect any meaningful revenue. However, a large-scale pilot with SWIFT and friends could induce a speculative bubble.

“Spoonfeed” implies you have specific knowledge outside of public blogs and advocate twitter posts. You literally just came in here and are copy pasting that crap, and

>hurrr maybe 2 or actually 4 years

Kys. Biz is such shit these days

>>55789588
No, it doesn't bother me at all. Having designed multiple protocols and even a blockchain in production, I know firsthand how hard it is to outline a product roadmap in this fast-moving environment. Chainlink has such a significant market dominance allowing them to carefully plan and execute every step they make, ensuring the highest possible quality of their products. They have worked on products like CCIP for over four years, a mind-blowing showcase of their vision and foresight.

>>55789780
ok dude

>>55789780
>“Spoonfeed” implies you have specific knowledge outside of public
No it doesn't you dumb phoneposting reddit spacing tourist.

Hi Chris Barrett, going for a run today? In Monaco perhaps?

>>55789780

>>55789588
The original plan was v0.1 for 2 years then v1. But people complained that 2 years was too long for rewards to be locked so they added v0.2 between

>>55789780
Spoonfeed just means "provide information in an easily digestible way to dumb newfags" it has nothing to do with the knowledge being esoteric or had to find, that's breadcrumbs.

>>55789885
i see. really hope we can deposit more with 0.2 and that it doesnt take another cycle to reach v1

>>55789914
>spoonfeed
>breadcrumbs
sauce?

>>55788177
whats the best way to move forward. Stake and sell rewards or sell LINK at certain $ values?

>>55789678
>A pilot is, per definition, not a production system.... a large-scale pilot with SWIFT and friends could induce a speculative bubble
I suppose everything else in crypto is pretty much speculative anyway. I wonder where a speculative Link bubble could take us to

>>55789531
>The commonly agreed stacks of 1k suicide and 10k make-it are accurate for the next bull run.
Do you think we will have time to cash out in the bull and re-accumulate in the bear without being left behind? I bagheld last time and now realize I could have significantly increased my stack. But now things seem so close to completion that I am worried that if I try to increase my stack with such a play I will end up linkless for a paltry sum and watching myself wind up priced out. Do you think we have one more bull to bear cycle before this does what we all expect?

Thanks for doing this thread btw. I mainly wanted to say that but also didnt want to take up bump space without contributing to the Q&A. You have been missed and your time and effort is greatly valued here.

>>55790309
>>55789531
>>The commonly agreed stacks of 1k suicide and 10k make-it are accurate for the next bull run
I'm a little confused how he can say this when in other posts he says it's purely speculative until the network is sustainable in 2-4 yrs time.
Can anyone say what token valuation these 'suicide' and 'make it' stacks are based on? Seems like BS to me unless you can quantify it with a price

>>55788177
You should get a tripcode to unmask larpers, don't fall for insignificant stuff like the muh tripfag is gay meme

>>55790384
it's not about valuations it's about total token circulation, which is 1 billion

1000 = 1/1,000,000th of the supply
BTC equivalent = 21
Status: suicide stack

10k = 1/100,000th of the supply
BTC equivalent: 210
Status: make it stack

hth

>>55790416
Thanks for clearing that up, but it still makes no sense to me since the same question applies to Bitcoin. The price has gone from pennies to $60k. This kinda skews the significance of the results, does it not?

>>55788569
I'm thinking true maturity in 10-15 years, but within 2-4 i would expect usage to increase enough to have demand for the token actually begin to push the price up instead of simple speculation. thing is, speculation will always be there, so we could see a significant spike as a result of the combination of the two.

>>55790476
yes, we expect the link token to go from pennies to $60k too. do you remember the citi report? the crypto that actually brings tradfi into crypto in a real way is going to capture way more value than bitcoin ever did.

>>55790545
yes, it's not a binary switch like the "it'll take 10+ years ha ha ha" FUDers portray it. the network will go through stages of maturity, each one will bring with it a higher token price due to more usage and speculative bubbles. we have a fun time ahead of us.

>>55788309
>issued by inflation
No, the supply is fixed at 1 bil and there is no mint function in the contract

>>55789531
>The Meta Layer is a winner-takes it all sector. Offering "just" interoperability won't cut it. You must provide the whole product suite; nobody comes close to Chainlink.
word salad that means absolutely nothing. Did you run this through ChatGPT?

>>55790705
it's not word salad just because you can't understand it :-/

>>55790705
tell me you're retarded and don't know it, without telling me you're retarded and don't know it.

>>55790588
>yes, we expect the link token to go from pennies to $60k too
But the supply of Link is 47 times that of Bitcoin. That's like Bitcoin being at $2.8M per coin. I think we're a while off from that.

The whole suicide/make-it conversation is utterly stupid unless you can put a figure on either the token price or the stack values.
Why does this stupid meme persist?

AAAAAAARGH IS IT JUST ME OR IS EVERYONE MENTALLY ILL?

>>55790705

>>55788300
>2 more years

Lmao, subtly dabbing on linkcels. Based.

>>55788177
Can someone please draw up a chart showing how much money you get from staking depending on the chainlink price?

>>55788300
Link will be triple digits in 12-18 months, but I appreciate your conservative analysis.
>>55788569
You're sounding like a fudder now. Four years from now would be the dead middle of the next bear market, so if you're not being disingenuous feel free to elaborate on that.

>>55791734
he's a namefag named Wizard. don't even reply to him kek

>>55791177
>But the supply of Link is 47 times that of Bitcoin. That's like Bitcoin being at $2.8M per coin. I think we're a while off from that.
yes, the $81,000 number is like 10-15 years off

>>55791802
Mr. Wizard is trying to make the case that CCIP isn't happening right now just because it isn't at full release. It is, in fact, happening now - similarly to how staking is in fact happening now and accelerating, and institutions will not only want staked link, they will want liquid link for fees.

That being said, they did announce seven more years of dumps.

>>55788177
Everything I have seen suggests that (token not needed) is true. Even some chainlink memos say the price of link can't move dramatically or it'll hurt the ecosystem. I genuinely don't want to fud but how does link ever see $50 again?

>>55790545
give it 50-100 years and we have a nice blockchain thing going, and the price will be $10. screencap this. checked wagmi

link was 16 cents when it was shilled to me. dont you pool of bethesda whereabouts understand what time it is?

>>55788919
Holy fuck. That bus design is genius. It allows the bus driver to just drive and not interact with the niggercattle.

https://youtu.be/ah2tbJg9_MI

https://www.youtube.com/watch?v=BLs_NP0A1Vw
I'm honored that my prediction made it into this video

>>55788682
>>55790705
absolute state of brainlets, im still in disbelief there are people on biz who still dont get it despite the constant spoonfeeding

>>55794933
The price action anon…

I have 34 ETH and 1 BTC but only 700 LINK. How much should I swap for LINK? At least 1k but so tempted to go all in

>>55791022
>>55791096
ad hominems mean jack shit. All you post 2021 newfags just jack off to brainlet word salad memes that translate to zero practical applications. Have you brainlets checked PA over the past 3 years?
>price feeds will change everything
>OCR will change everything
>CCIP will change everything
>YOU ARE HERE
>meta layer will change everything
You guys fell in love with an investment and underperformed the market by a wide margin. Deal with it retards.

>>55795197
didn't mean you anon >>55791022
kudos for elaborating but I still think LINK dropped the ball by fat fingering 70k dumps with 0 transparency and sister companies rugging their investors and pretending nothing happened. Fuck sirgay and fuck your cult.
>t. deprogrammed victim

>>55788258
>first bear market

If you’ve held from the May top, are still here and we’re accumulating during those 2 years…son your ganna make it. Understand that this bear market has been the longest and absolute toughest for everyone.

>>55792008
T. Busdriver

>>55789870
Painfully unfunny

>>55789914
Hes not doing that. Hes just copy pasting from buzzword blogs and community sycophant twitter posts

>>55790053
Link already had its spec bubble 3 years ago

>>55790309
This is a staged comment. It reads like the fake comments on ben cowen youtube vids.

>>55790588
Desperation, the post

>>55791734
Lmao the cultie turns on le spoonfeeder for not being enough of a delusional cheerleader

>>55794933
>noooooooo you cant just think for yourselves. Just my cult damnit!!!

>>55795197
/thread. Worst investment in the space for years now

>>55795045
use cash and DCA 300 more link, and then accumulate another 1k. hold onto BTC and eth.

>Dude the tech is just soooooo complicated bro you just have to do more research bro

But what about the chart

>REEEEEEEEEE