ETH/LINK

[Anonymous No.15045506]

Hi /biz/bros, I know that $1000 EOY LINK price is unrealistic (despite hoping for it), but how can the price of one LINK exceed that of one ETHER? How can a system (in this case LINK) exceed in value over the framework from which it's built upon (ETH)? Can it?

Yes, I'm a brainlet. inb4 :)

[Anonymous No.15045533]

It literally can't despite what stinkies claim.

[Anonymous No.15045559]

>>15045533
So LINK's price will always be less than or equal to the price of ETH? Intuitively, this makes sense to me but I'm not sure why and intuitions aren't always correct.

[Anonymous No.15045603]

>>15045506
LINK is blockchain agnostic

[Anonymous No.15045612]

>>15045506
youre a fucking dumbass, but if this isnt a fud post heres some reading...

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.

[Anonymous No.15045619]

>>15045506
Link is agnostic you retarded moron. Its middleware software fucking retard, any blockchain can use it if they need oracles for their smart contracts

[Anonymous No.15045625]

>>15045506
Yes it can for instance if you make a token that represents a physically redeemable ounce of gold on the ETH blockchain that would be worth more than one ETH currently.

[Anonymous No.15045652]

>>15045612
>tokenomics
fuck off stoner

[Anonymous No.15045656]

How can a software company be worth more than a PC company?

[Anonymous No.15045671]

>>15045612
This is a great explanation and precisely what I was looking for, thank you. I have some invested in LINK and I'm trying to work stuff out in my head before buying more. Truth be told, I'm going to screenshot your post and reference back to it later if I forget some of it. I'll reread the whitepaper as well.

Also, I know /biz/ is filled to the brim with garbage lately but this wasn't FUD. I'm trying to learn.

[Anonymous No.15045690]

>>15045619
And if they do swap what happens to my ERC-20 tokens? Rendered worthless?

[Anonymous No.15045720]

>>15045656
The analogy, as it seems to me, doesn't quit fit since you're comparing two different metaphors. software:hardware and eth:link sounds to me like apples:oranges and apple:bigger apples.

But, it's a great point actually, so it's taken. Your point is that a structure's value isn't always tethered to the value of it's underlying framework.

[Anonymous No.15045799]

>>15045506
ETH needs LINK to do 90% of what smart contracts aim to do, which requires external data. If ETH is shit, LINK can port over to another network.

[Anonymous No.15045918]

>>15045506
>brainlet

didn’t need to point that out fren, but thanks

even if ETH were the only chain on which LINK functions in the future (which won’t happen), the gas is so minimal that it won’t make a huge difference, though you are right that it will probably have some kind of (small) effect

only a faggot buys ETH over LINK at this point, unless you would enjoy your cucky beta gains compared to LINK holders

[Anonymous No.15045941]

It can’t
Every erc20 token still doesn’t add up to ETH market cap
ETH has to moon

[Anonymous No.15045997]

>>15045506

SPILER: IT CAN'T

[Anonymous No.15046007]

>>15045997
*spoiler

[Anonymous No.15046014]

>>15045506
> Node operator
> tokenomics
> blockchain agnostic
COPE

[Anonymous No.15046024]

>>15045671
>>15045918
https://www.google.com/amp/s/blog.chain.link/threshold-signatures-in-chainlink/amp/

[Anonymous No.15046030]

ETH is going to crush LiNK. As soon as ETH moons most weak handed link tards will be jumping ship for true ADOPTION .

Sergay knows this that’s why he’s dumping obviously. Not to mention ETH 2 makes link ya extremely redundant

[Anonymous No.15046048]

>>15046030
friendly fire moron

[Anonymous No.15046068]

>>15046030
Once adoption happens speculation is over and ETH will be priced accordingly for its use as gas, just like petroleum is

Do you hodl petroleum with the hopes of it mooning?

[Anonymous No.15046090]

>>15045506
The price of LINK is not connected or limited to the price of ETH in any way. Most of what chainlink does is off chain and it can provide trustless inputs/outputs to any blockchain (which is good because real companies only use Hyperledger and other permissioned chains, they don't use the ethereum public chain). The token is an ERC because it is only used for collateral and payment so it really doesn't need its own blockchain.

[Anonymous No.15046153]

>>15045506
op you're question was genuine im sorry everyone was mean to u

[Anonymous No.15046193]

>>15046030
As someone who bought ETH at $20 in 2017 and was a maximalist for a long time, I think I am qualified to comment on this:
You are a fucking dangerously retarded late adopter newfag that will die poor. You know nothing about blockchain/crypto and you should go back to where you came from immediately. Never post on my board again you clueless little faggot.

[Anonymous No.15046457]

>>15046193
Link is going to zero and there’s literally nothing you can do about it

[Anonymous No.15046473]

>>15046193
The price at which you bought something doesn’t somehow increase your intellect. Nice try though pencil dick

[Anonymous No.15046487]

>>15046153
No worries. One shouldn't expect loving kindness at this moment in time on /biz/. So far the replies have been helpful enough to piece together a good answer to my question; or, at least give me leads to solve it myself.

[Anonymous No.15046516]

>>15046473
You got me. Congrats on being an early ETH adopter. Btw my dad bought ETH in 2017. He's 57.

[Anonymous No.15047123]

>>15045690
do you really think this has not been thought about yet? no. your LINKs would be transferrable to any chain that supports the transfer. basically what happens is that LINK tokens will get locked up in a smart contract on Ethereum while releasing the same amount of tokens on the receiving chain. doing the same going backwards.

[Anonymous No.15047135]

>>15047123

[Anonymous No.15047158]

>>15046457
>>15046473

kek. everyone look at this cuck trying to establish dominance

back to your chair cuck boy and watch while /biz fucks your woman

[Anonymous No.15047787]

>>15045612
So then what is chainlink true price? Still a thousand attainable?

[Anonymous No.15047889]

>>15046457
Seething

[Anonymous No.15047908]

>>15047123
LINK will move to UND once mainnet launches

[Anonymous No.15048713]

Maker- literally an erc 20 token with a higher value than eth.

https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2

[Anonymous No.15048888]

>>15045533
More pajeet fud, LINK, with ORACLES is going to be used in SWIFT
idk if you got the news or not

[Anonymous No.15049371]

>>15045603
>>15045612
>>15045625
>>15045671
>>15045799
>>15046024
>>15046090
>>15047889
>>15047908
>>15048888
YOU HAD ONE MONTH (1) TO SELL BEFORE THE DEVS

[Anonymous No.15049395]

Same way how some stocks exceed nasdaq

[Anonymous No.15049471]

>>15049395
based and nasdaqpilled

[Anonymous No.15049520]

>>15045612
you forgot that staked links are locked for as long as the service agreements are activr .... so staked links are locked and you cant possibly unlock them, meaning that the supply will dry out