/biz/ - Business & Finance

>>9525687
ChainLink is a scam. It's copying a similar project which was created years ago that no one ever used because decentralized oracles are useless in practice:
https://github.com/orisi/orisi

Tokens are for priority staking, read the white paper

>>9525687
>Yes I read the whitepaper, yes I Did My Own Research,
no you didnt

LINK is a /biz/ meme, nothing more, nothing less. The actual "project" is vaporware and aims to solve a non-existent problem.

>>9525727
Yes but you could get priority by staking more fiat instead of LINK tokens. It's a literally 1:1, if you need to stake or reward $100 worth of tokens, why not just cut out the middleman and stake/reward $100?

>>9525737
If you genuinely believe this then your a complete and utter fucking brainlet. Link is the only thing that will make crypto useful irl

>>9525746
Sure thing, pal. See you at $0.10 LINK moments before the Binance delisting.

>>9525743
That doesn't make any sense at all. And I'm not going to explain how token staking works because you can just go and dyor.

>>9525763
>That doesn't make any sense at all. And I'm not going to explain how token staking works because you can just go and dyor.
Linkies ladies and gentlemen. Anytime you point out the fundamental flaws in their coin, they fall back to 'FUD!' 'DYOR!' 'I'LL CREATE 50 LINK THREADS A DAY WITHOUT SAYING ANYTHING OF SUBSTANCE IN THEM'

>>9525779
its just fucking tiring thats all. we have endured multiple discussions about the basic token economics of link and most of these people who were asking the questions turned out to be salty FUDpackers just fucking with people.
tldr you look like stupid bait

>>9525779
>i have done my research
>*insert dumb statement which is explained by 5 minutes of research*

That's basically every link fud so far
Either its trolling, ppl already holding link or retards
So yeah we dont care to explain

Smart coin... can recommend u to buy..

>>9525779
Kys

FAT
A
T

>>9525687
only decentralized markets make sense to me that's why i'm only willing to invest in HBT wich has decentralized Digital Content Marketplace linking content creator, content distributor and user PLUS formidable Ethereum offchain scaling solution (AKA Striim)

How do you stake fiat in a smart contract? FUD this stupid must be concealed shilling.

>>9525687
I hope this is a larp for your sake anon.

>>9525743
just staked 100k fiat

>>9527091
Paypal or something? There's a million ways to put money on the internet. Just code it into the Chainlink program, so you don't need the token.

>>9527150
I know you're trying to get in a "dumbest link fud" screencap but I'm not going to give you the satisfaction.

>>9527158
That's fine, you'll be going in my 'deluded linktard' screencap I'm working on. See you EOY 2018 at 10 cents! And the year after that, and the year after that!

>>9525779
how are you gonna stake FIAT you fucking idiot? how are you gonna pay the node operators in FIAT? will you doxx some neet in Moldovia to wire him a transfer because he happened to fulfill your contract?

You are a fucking retard squared

I swear the only fud linklets can come up with is some stupid scenarios of doing something different just for the sake of it
>hurr why not do this like that?
then go and do it you faggot I'm sure you know better than the devs.
What a fucking idiot

>>9527085
Striim is actually a fucking great
protocol. >>>>>> eth scaling solution.

>>9525737
Then how do you explain all the partnerships with multi million dollar firms link has been talking about. All bullshit?

>>9527173
How would staking fiat be any different to staking link tokens?

>>9525687
Cause the token itself is the key to using the network, not just the reward mechanism. LINK tokens transmit the contracts etc

>>9527188
Checked
Link $1k eoy

Because Sergey doesn't want that. It's simple, businesses using the network will see the fiat value of Link tokens staked on a node, and they will be paying with fiat that will automatically be swapped to Link for payment for node operators on the back end. They won't ever have to buy Link tokens directly unless they want to, yet they will be utilizing the token regardless.

>>9527802
For real listen to your own fucking questions, read it back to yourself, how does this make any sense, wow the absolute state

>>9525687
It's for purposes of good boy points. Why not stake something else instead? Because that's what the nodes have been prepared to handle, but the contracts themselves could request some other kind of collateral. Some other crypto could make sense (making it a different system), but staking Fiat could be torublesome because maybe one of the parties in the contract can print more Fiat. Not that it's much better when crypto is so volatile.

>>9527802
>deposit 100USD into system and represented as such.
>USD crashes
>there goes my staked nodes lel

And dont forget the pontential legal headaches of dealing with fiat directly in the system, after all the USD is a product of the Fed reserve.

>>9528363
>usd crashes
Hahahahaha holy shit, is that really what you guys are depending on? Guess what, your volatile shitcoin token is astronomically more likely to suffer from multiple crashes than the US dollar is to suffer from a 10% drop in value.

>the pontential legal headaches of dealing with fiat directly in the system
Hahahaha how are headaches even real nigga hahahaha like just stake in the code like nigga do like every other payment site hahahahaha

>>9525687
Just ASK Rory you fucking faggot

>>9527802
I asked you to explain how do you want to do that on the technical level and you try to throw the burden of proof onto me lmao

>>9528589
You're ID is pink which is what you're face will be if you don't buy link. I'm tired of spoonfeeding you lazy turds, I've been doing it for 8 fucking months and the same retarded "Muh why not use fiat" happens all the fucking time. You're right retard why use ethereum for dapps when you could just use a network of databases and computers like the internet. The purpose of the link token is to establish a reputation, if the node operators can stake whatever the fuck they want they won't have any reason to be a part of chainlinks network. Link is the first mover for what they are trying to do, but someone could easily come along and implement the idea in a slightly tweaked manner. The success of link depends entirely on the node operators and those willing to be a part of the network. Anyone interested in being a part of the network now would have zero interest if the link token could be replaced by any arbitrary fiat value. The link token is the incentive method Sergey is using to get people interested in being part of the network. because NO ONE IS GOING TO PUT THEIR BLOOD SWEAT AND TEARS INTO BEING AN EARLY NODE OPERATOR WITHOUT THE POTENTIAL FOR LINKS PRICE TO RIZE. Think of it as a communal network goal. All nodes will want the price of link to rise thus they will work to achieve this. If link is replaced with arbitrary fiat value none of this community involvement in the project will remain. Last time I'm spoonfeeding you fucking retards, don't buy and I'll see you when you fomo in at $10

inb4
>brainlet
>JAJAJAJAJA state of linkies
>You can't be this retarded
Refute it or shut the fuck up and go but mobius

>>9525760
Lol how can the price drop if people couldn't even sell tard?