[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 57 KB, 275x374, 804F19E1-3418-4F72-9631-81C5047C11D1.png [View same] [iqdb] [saucenao] [google]
14929353 No.14929353 [Reply] [Original]

Is this a meme? You can’t seriously believe it’s goung to even go above $10 EOY. I can’t tell if this is one big /biz/ meme that we all post for laughs or if you link people are actually this deep in denial. It’s gotta be one or the other, I can understand putting your life savings into something and not taking your wins at the top($4<=x<=$5) but this is legit sad af this point

>> No.14929392
File: 229 KB, 799x1300, 1557604906722.jpg [View same] [iqdb] [saucenao] [google]
14929392

we never specified which year newfag

$1000 is just a matter of when, not if

anyway 1k eoy

>> No.14929398

>>14929353
Nice fud nolinker

>> No.14929448

>>14929353
it's because most people on this board are poor NEETs who could only afford 1k LINK, so in order to delude themselves into thinking they'll become millionaires they have to believe it will hit 1k (1k x 1k = 1mill)

>> No.14929462

>>14929398

>>He still thinks nolinker is an insult

>> No.14929477

On another note how is this shit not waltonchain 2.0 but with a lower range?

>> No.14929487

>>14929462
Well it’s not, it’s like me calling you a retard. It’s not an insult, it’s just what you are

>> No.14929495

chainlink is a joke.

>> No.14929570

>>14929353
honestly if the number of tokens in circulation wasn't so high i could see it really taking off to like 50-100 this year but it's gonna take years and years to reach 1k. and that's assuming it actually has widespread adoption in the future

>> No.14929989

>>14929495
Every time I look at my gains I laugh, so yeah it must be a good joke.

>> No.14930006
File: 89 KB, 384x384, 1563418838634.jpg [View same] [iqdb] [saucenao] [google]
14930006

>>14929353
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

There is infinite amount of collateral available because the token price can rise to meet it.

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-4-5 years?