/biz/ - Business & Finance

[Anonymous No.10452587]

I'm starting to get scared /biz/ no one could answer the FUD in the other thread. if it takes zero link to run a node why would the token have any value?

[Anonymous No.10452597]

It doesn't have any value, sell all link, go back to /pol/.

[Anonymous No.10452663]

>>10452597
all they could do in that thread is personal attacks. no one could give a clear answer

[Anonymous No.10452676]

>>10452663
that's because there is no answer. From the whitepaper:
>4.3 The only use of the Chainlink token is "proof of community". If you want to show that you are a fan of Chainlink and what we do, buy a token and become a linkie! :3 Tokens cannot be redeemed for cash and are assumed to have no monetary value

[Anonymous No.10452702]

>>10452587
Retards here on biz unironically think that huge companies will choose 200 LINK NEET nodes over well established, well funded nodes by fortune 500 members

[Anonymous No.10452708]

the token is paid to node operators for delivering data

[Anonymous No.10452715]

>>10452587
They don't

[Anonymous No.10452740]

>>10452587
A node staking zero link can also only pay zero link in penalties for a wrong answer. If you're running a high-value smart contract, you want nodes with lots of LINK staked to act as insurance.

Zero-LINK nodes will always be around, they will be used for amateur contracts and hobbyist dapps, shit where it doesn't matter if you get an occasional wrong answer, and shit for which there's no incentive for a malicious actor to intentionally GIVE a wrong answer. But it makes no sense to use them if there's any money riding in the contract at all.

[Anonymous No.10452755]

Calrech can/math here, Are you retards ready for the answer? Have any of you fucks actually looked at the code base and read through the white paper?

The answer is initially the tokens may indeed not be used. But decentralization is going to be a gradual process. Long term, the tokens will absolutely be necessary for a decentralized network. Right now, to rope the companies in, ir may be better not to use it.

I repeat: decentralization and adoption will be an ITERATIVE process /Thread

[Anonymous No.10452793]

>>10452755
*Caltech CS/math grad

[Anonymous No.10452812]

>>10452587
>if it takes zero bitcoin to run a miner why would bitcoin have any value?

[Anonymous No.10452819]

>>10452597
/thread

[Anonymous No.10453051]

>>10452812
so they pay in link
cant they use eth instead

[Anonymous No.10453065]

>>10453051
Yes exactly.

[Anonymous No.10453092]

>>10452702
this

too autistic to see the bigger picture

[Anonymous No.10453107]

>>10452740
>A node staking zero link can also only pay zero link in penalties for a wrong answer. If you're running a high-value smart contract, you want nodes with lots of LINK staked to act as insurance.

This. Via staking and rewards good nodes increase their capacity to handle high dollar contracts (as do price increases in the token)

[Anonymous No.10453120]

>>10452702
>Retards here on biz unironically think that huge companies will choose 200 LINK NEET nodes over well established, well funded nodes by fortune 500 members>> Anonymous (ID: dCfruQPq)07/27/18(Fri)20:47:34 No.10452708 Anonymous (ID: dCfruQPq) 07/28/18(Sat)01:47:34 No.10452708▶

I don't give a fuck what nodes are used as long as those nodes have fuck huge stakes of link at high value processing massive financial sums.

[Anonymous No.10453458]

>>10452587
>SWIFT is literally waiting to pay me thousands of $ for running a node on my raspberry pi.
This is what Linkies unironically believe.

[Anonymous No.10454309]

>>10453051
why would you want to receive an inflationary asset when you could receive a stack of a blockchain agnostic deflationary one that is equal in value, and that can only be obtained for completing work on the network or purchasing it for its going rate

[Anonymous No.10454558]

>>10452587
A node without collateral is a node that won't be trusted for high value data.