/biz/ - Business & Finance

Speculation

If a digital asset, token etc doesnt produce value in the form of dividends (and even if that is the case to a degree) then the value is entirely speculative - that is, people buy with the intention of selling later at a higher price. This is why the market as volatile as it is will never die (especially with fiat gateways for altcoins) becauseeven when you promise yourself you'll sell when your coin goes back up to your cost basis, when it happens youll get caught up in speculation and greed, thinking itll go even higher

Could there be a scenario in which Chainlink mainnet launches and running a node isn't profitable because the price is so low?
LINK is a great idea but its so hard to tell the fud from the real info.

>>9519694
Why would anything increase in value? Why buy anything hoping it will increase in value... wow you're really making me think, OP. I'm never investing ever again!

>>9519791
I'm mostly thinking of the $1000 EOY meme, the idea of big institutions buying amounts of Link.
Why would any company need to buy Link?
It would be speculators or people getting Link from running a node and selling it to keep the node profitable.

>>9519807
The hope is that there are already a ton of companies ready and waiting for mainnet and it will be profitable to run a node because there will be so much traffic. Come on. Use your imagination.

>>9519847
Fair enough.

If you want to use the LINK network you need LINK tokens, so anyone wanting to participate as a node operator or client will need tokens. The LINK token is also collateral in the network via the reputation system. It literally acts as insurance and will carry a high value to service high value contracts. The LINK token has some of the best incentives to hold long term because it will generate real world value.

>>9519694
>>9519872
good memes
good thread
>>9519783
No. The team knows the basic principle of crypto: to have decentralisation you need incentivisation.
No profit = no incentive = no nodes = no network.
Unless the project fails totally the nodes will be profitable.

>>9519807
the link token is used as collateral for smart contract execution. you need to have enough link to be of equal value to the contact, otherwise you don't have financial incentive to hold up your end. in other words, it is 100% essential for a company to hold link, otherwise they can't participate in the network.

this is why the "650 million" token fud is wrong, no company being gifted link would then market sell. that would defeat the purpose. instead, since you have to buy and then hold link, the supply will dry up, leading to a price increase

comfy

>Shills LINK, gets FUD instead
>Tries and finds FUD, gets shilled.

The tokens are required to use the network and therefore higher demand=higher value. Currently all speculative as nothing is even in use yet, but we'll all see what happens.

>>9520029

This. Imagine the internet were carved up into only 1 billion pieces, and to be part of the internet you had to have some of those pieces. they may not be worth much when there's 10 people with an internet connection, but when there's millions or billions they'd be worth a fortune.

I'm excited to be a part of the first ERC20 1Bill total cap coin to exceed $100.

>>9520271

Just wait until GDAX releases their first ERC20 tokens. this solves the volume problem.

Oldfag who got into BTC and ETH early. LINK will not join them, going to clue you idiots in, it's not a coveted token. We aren't interested in something with 1,000,000,000 total supply, and certainly not a useless utility token with no intrinsic value.

The reason Sergey is silent? He knows it's a ticking time bomb. When you autists find out you've been scammed, he knows his life is in jeopardy so he lays low. Volume was propped up by fake bots wash trading and no one outside of biz wants this piece of shit. You've been warned

>>9520348

kek. what about Ethereum's unlimited supply

>There is no maximum. 60,102,216 ethers were created during the sale, plus 2x pools of 9.9% each. 26% of 60,102,216 will be created through mining every year. This means that 15,626,576 will be created every year on top of the 60m and the two pools.

>After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it).


the utility token is also not useless nor without value. its used to access paid data feeds and to act as collateral for the contracts using the node. its value will scale exponentially with adoption.

>>9520401
According to a few in the finance industry, the POC tests and trials were not well received. SWIFT, for starters, doesn't think it's robust enough to trust for industry standard transactions. Oops, I've already said too much

>>9520430

kek. shit LARP is shit.

>>9519783
Yes. The price could be low and therefore your XXX amount of link isnt worth shit and you dont get any contracts and your pajeet node makes peanuts. But the network is designed so that the tokens price increases, not decreases.

>>9520440
Believe what you want. There is a reason this token is approaching 40 cents on the dollar. If there was one inkling of financial industry use, the price would at least get to a couple dollars, but it's lost all its value from December because the discussions were it's not good enough of a product.

Thus, Sergey had to go back to the drawing board and declined to hype or market it because the product was literally called shit by one financial exec involved in the POC. If I was lying, which I'm not, the price wouldn't be so low. Whales would scoop up every cheap token, they have the money. This shit is going to 0 and I fear for the souls who take their lives over losing everything

>>9520486

kek. they are scooping up every token, but why rush in and jack up the price when the project is anti-hype and the market is ADHD. large volume buys pop up at strategic prices, and then volume dies off so the price sags. rinse and repeat. that's how pros do it you LARPing pajeet.

>>9519694

>>9520486

Bullshit... I know for a fact you're a larp.

Not an instruction or focus has changed since September

>>9520486
I bet your dad works at nintendo too
Go fuck your mother

>>9520518
Not with a project that promises to transform an industry. You need the iNDUSTRY to trust the product. They don't trust Sergey and his sloppy presentation

>>9520602
Not larping, proof is in the pudding

>>9520632
Are you mad because you bought in at $1.24 and it's at $0.40? Awwwww

>>9520708

There has been no, going back to the drawing board, changed marketing hype plan and no exec was disappointed with the PoC because the were aware it was a PoC and are excited about the release.

That's all I'm giving you on here.

>>9520708

If you're genuinely not larping, your spreading inaccurate information to appear smart.

mfw larpers larping lapers

>>9520769
I'm genuinely not larping, but concerned about the main audience who has invested their lunch money in this project. Since the team doesn't care about them, I will. I would honestly say it's not worth investing in this product at the present time. It's not ready for at least a year

FAT
A
T

Last thing I will say about my knowledge, even if tokens are staked in a node, there will be enough liquidity with 1,000,000,000 supply that you're looking at $3-5 max for profitability in the next 5 years (2023 for initial adoption and market cycle time frames)

Ergo, it's profit, there's also a chance this goes to $0 and right now that's looking realistic. I would sell and buy back later if need be, opportunities are diminishing in this market

>>9520883
Look man, anyone that isn’t a brain let isn’t falling for your shit. Why even FUD? I am sure you’re bags are heavy enough, go outside. Interact with family, buy a new video game, call a friend you haven’t spoke to in awhile, anything. Honestly is just pathetic at this point, so you really feel devs from Microsoft and Tesla are just gonna waste their time on some bullshit project? Fuck off already, the FUD is crusty as fuck already.

>>9520348
>>9520430
>>9520486
>>9520708
>>9520748
>>9520862
>>9520883
Fuck off astro you fucking faggot nigger

>>9520753
Steve chill, it's Saturday your day off. Have a beer. Chill.

Also sorry for screen capping your private repos

>>9521009
Astro was a genuine faggot, I am an oldfag who made money off real crypto. Link is not taken seriously outside of this Japanese tea making board, trust me

>>9521494
>trust me
no kys you blatantly larping fag

>>9519807
big business wont buy chainlink from the markets like every norman and small business will.
sergey set aside 350,000,000 LINK just to sell privately directly to big business that will be using his product.
this is one of the things that most of you fucking kids dont understand.
sergey will incentivize big business to use chainlink by giving them heavily discounted LINK to use - and likely signing a contract with them stating they wont market sell the tokens.

>>9521789

>this is one of the things that most of you fucking kids dont understand.

and here's something brainlets like you that repeat this FUD don't understand. CAPITALISTS AREN'T COMMUNISTS.

these big players, if they're seriously considering LINK, aren't going to take ONLY what SmartContract gives them. They'll buy LINK OTC to increase their position early. they'll get their discounted LINK from Sergey, but for any additional LINK they'll be forced to buy from the market.

>>9520862

>>9521494

I remember BTC cross $1 when it was only talked about on /g/. I remember Ethereum when it was just a whitepaper when it was introduced to me by a friend who works at a bank.

The Chainlink whitepaper is legitimately the most exciting project I've bumped into since I first bumped into Ethereum. Bitcoin created the trend of decentralized monetary supply chain. Ethereum created the trend of decentralized computing platform chain. And Chainlink will create the trend of a decentralized oracle network. I can feel it in my nuts anon. This project will change the entire cryptomarket.

>>9519694

Nice try.

For one thing the fact that you are posting here and not doing your own homework tells me everything I need to know.

Another classic case of a BCasher spreading FUD.

fuck off.

pic related: your fucking god.

>>9521494
Then why are top wallets accumulating?

>>9522466
Checked, don’t fall for the FUD

>>9522466

because GDAX confirmed

>>9520486
>because the product was literally called shit by one financial exec involved in the POC.
lol larp.

1K EOY. I want to shake Sergey's hand

>>9521813
...unless the token rises in value faster than they can spend it, in which case they would have a lifetime supply of link

>>9520348
>t. larping fag

>>9521494
Astro please
We have seen enough of your larps that we have become familiar with your typing style.
Just chill you lost and you are not fooling anybody.

Let's say that there's a client that won't use any now that doesn't atake at least $10 worth of LINK. For your node to provide them with service, you would need to market buy $10 worth of LINK to stake.

If this ends up being how LINK works, and clients actually require significant dollar amounts of LINK to be staked, then LINK could end up working the way everyone thought Jibrel was going to work, where market cap is equal to the dollar amount of staking contracts that are active over the entire network.

>>9523871
>a client that won't use any now

Should be *any node

Finite number of LINK tokens. More people wanting to use the network, and node payments being required in LINK, means buy pressure on LINK tokens as more and more users to come on board. Thanks to interoperability end users won't have to jump through hoops to buy link, they'll just use a smart contract interface which will automatically translate the required data feed fees into link on the back end.

I don't think we will see this look like ark or eth, though, where you expect 5-10% of your stake per year.

The amount you get back for running a node would likely depend on the demand for your node's services. If your node is providing a feed of 4chan posts, then probably nobody will pay much for it and you will not live off staking your linkies.

This seems to be the most interesting part of LinkPool. I for one don't know how to find out what is in demand, nor how to get it. I work a FAANG+M company as a software engineer and could likely run my own better than any of you fuckers or even start a competitor to linkpool, but I wouldn't have the first clue what data to offer to prospective clients.

Maybe if all the data is public once mainnet launches, we'll be able to just look at what the most popular data is and offer our own nodes, but that seems like it would result in a race to the bottom in compensation paid to nose operators.

>>9520348
fucking get fucked you misinformation spreading pea brained niggerfaggot you should of being swallowed

Anyone know what to provide in order to make money running a note from day 1?

Running a node successfully sounds like running any other successful data-feed API. Maybe a little bit easier since you can take any old API and make it accessible to a block chain by putting a node in front of it, but then people still need to know your node exists, and you need to negotiate with the provider of that api to give you an API key to talk it to fetch data from it, since nobody is going to let some neet pull gigabytes of data from their feed without registration and payment.

Bump.

Has linkpool explained how they're going to get clients for our neet nodes?

>>9521789
>You guys just don't GET it at all!
>MAJOR BUSINESSES WILL BE TAKEN CARE OF
>Your tokens will only go to the millions of medium and small businesses that want to compete with them!
Oh dear god, I should have invested in Doge instead!