[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 64 KB, 1648x588, chainlink-cover.jpg [View same] [iqdb] [saucenao] [google]
10231237 No.10231237 [Reply] [Original]

Is staking too expensive for mass adoption?
Imagine a smart contract about the delivery of goods worth a million dollars over the timespan of three years. For staking to be effective, you'd have to lock up the equivalent value in LINK for the entire time.
This effectively doubles the upfront cost of the contract. Of course you get the tokens back after the contract expires, but the lost profits from not being able to invest the staked sum could be more expensive than just hiring a dedicated lawyer. (which has more advantages like being able to modify "running" contracts and not accidentally violating laws).
Thoughts?

>> No.10231256

>>10231237
>you'd have to lock up the equivalent value in LINK for the entire time.

LINK 1000$. Problem solved.

>> No.10231280

I unironically market dumped my stack of LINK yesterday and put it all into Mobius. I'm sorry but the lack of updates, developments, communication and quite frankly the tasteless overshilling of LINK around these parts has ruined my enthusiasm for it. I don't really think Sergey has his heart in Chainlink anymore. Something changed along the way, I can feel his enthusiasm for it waning similarly to how he just up and left NXT like a thief in the night. He probably had a great time raising millions of dollars with the ICO and being a famous celebrity on biz, and I'm happy for him, I really am, but he lost his hunger for success along the way and it got replaced by hunger for Big Macs. The Bitcoin superconference will likely be a total shitshow. I've no doubt the price will dump within minutes of Sergey staggering off stage after another boring regurgitated speech where he doesn't even mention Chainlink. I really enjoyed holding LINK, it was a pretty cool bag to carry for a while, but Mobius is definitely the new wave of oracle tech and has all the momentum now. I can't let it pass me by.

>> No.10231290
File: 142 KB, 3138x1426, chainlinkemail.png [View same] [iqdb] [saucenao] [google]
10231290

>>10231280
>he hasn't seen the email
>he isn't following the pivotal tacker

>> No.10231305

>>10231256
The value of individual LINK tokens is irrelevant to the issue.
Companies lock up the monetary equivalent of the contract value in LINK, not some random arbitrary number of LINL tokens.