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/biz/ - Business & Finance

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10838979 No.10838979 [Reply] [Original]

Will you be using linkpool or set up your own node?

>> No.10839005

Nah wont touch jewpool, if you have some semblance of intelligence you'd do it yourself. If you have a small amount then I'd go for it

>> No.10839007

i have accumulated around 300k LINK, is this enough for a node ?

>> No.10839012

>>10838979

Own node of course, don't want to share my profits with a third party.

>> No.10839020

>>10839007

Not sure if larping, but 10k is probably enough for a node.

>> No.10839030

>>10838979
Cells

>> No.10839033

>>10839020
Yeah 20k was the point of diminishing returns being thrown around... nothing stopping anyone running multiple nodes

>> No.10839034

>>10838979
I have absolutely no reason to trust them

>> No.10839043

>>10839034
It will be investment via smart contract. And they cover penalties. I get not wanting to be jewed on the 25%, but what part dont you trust?

>> No.10839053

>>10839034
you have absolutely no need to trust them

>> No.10839060

How do I set up a node? Asking for a friend

>> No.10839066

>>10839034
>doesn't trust the technology he thinks will make him rich
The absolute state

>> No.10839071

>>10839060
Wait for mainnet then you will be taught.
More nodes the better.

>> No.10839080

Why would an respected institution use one of your nodes when they can select the nodes they use?

>> No.10839110

>>10839034
What don't you understand about the phrase TRUSTLESS contracts?

>> No.10839122

>>10839033
>>10839020
diminishing returns and set amounts refers to the amount of link you hold on your node that isn't at stake. Thomas has said that will be a set amount chosen by the conract writers. This seems somewhat irrelevant since it's not at stake and doesn't mean much, other than making it more expensive to try and attack the network.

What has no limit and isn't subject to diminishing returns is contract staking, which is actually a very important part of protecting against sybil attacks because it would mean you'd lose all that money. Each node would have to stake a set amount of link for all the jobs they have, which as you can see would be substantial if there are thousands of nodes each taking 100s of jobs that last years...

>> No.10839149

>>10839012
>implying huge institutions will huge some random neet node

>> No.10839170

>>10839149
There was some deluded linkie the other day saying that big corporations would pay NEETs to stake their LINK on the company nodes to "share the wealth". The degree of misunderstanding so much of this board has of real business is shocking

>> No.10839204

>>10838979
Do you people think just setting up a node is enough? Don't node operators also have to serve to niche data requests? Like aggregating house prices for example?

>> No.10839208
File: 64 KB, 1280x822, 1524046304430.jpg [View same] [iqdb] [saucenao] [google]
10839208

>>10838979
I won't neither.
So should you.
We should all keep as much Link out of circulation as possible to force the mother of all fomos.

>> No.10839215

>>10839204
Adapters. Data sources. Yep. Linkpool investment looking better every day

>> No.10839232

>>10839208
Y9u are retarded. NANO UNLESS Y9U HATE MONEY.

>> No.10839762

Im probably going to use them. I have a stake im the crowdsale. Going to spin up various nodes and link api's to the networl and hope people start requesting the data

>> No.10839889

>>10839005
This retard keeps fudding after LP's Crowdsale ended, lmao, good luck running a node by yourself. After a few tries you will get the impression that a 25% cut is nothing to what they deserve

>>10839034
That's the good thing, their architecture is open, audited and trustLESS

>> No.10839913

Was good to watch all mention of linkpool disappear from /biz/ after the medium article detailing how remaining shares would be distributed if they didn't hit 1000 ETH. Not a peep till july 31, then the shilling and fud started back up

>> No.10839924

>>10839889
You're a fucking idiot, I have already spun up a node, minus gui. Fucktards like you can stay poor. You probably didn't even know what an api was before you were shilled link.

>> No.10839947

>>10839170
I've made this point before. Once the singularity happens, insurance companies and banks will be looking for ways to acquire link with out actually paying for it. You bet that they will be looking at neets that have a shit ton of link squirreled away as an option.
Greedy neets will sell to the companies OTC.
Smart neets will loan the link out through smart contracts.

>> No.10839970

>>10839924
Are you chronicling your link adventure online somewhere? I am a brainlet and a step by step video/tutorial would be monumentally helpful. I don't want to stay poor.

>> No.10839978

>>10839170
4chan is like a game of telephone. One fact gets state and a bunch of idiots starts coming up with their own conclusions and spreading it like fact

>> No.10839984

>>10839970
dont worry some faggot will put one out for the veiws or to be e famous

>> No.10839987

I will set up my own node. I can't find any reason to use linkpool if you're not an absolute brainlet.

>> No.10839988

>>10839232
I have 250 of them badboys @$14.
Still heavy bags.

>> No.10840006

I'm not gonna risk moving my links from MEW. How much would I even get from staking my.small 30k link stash?

>> No.10840007

>>10838979
If I learn to program my own adapter will I have a competitive advantage over other nodes? How hard is it to make one?

>> No.10840048

I don’t think linkpook vs. self-run is about whether or not the hodler is smart.

The question is: Is 30% of x worth not having to be an active system admin. Ensuring connectivity, patching, ensuring security. Though it might not be much work for someone with experience, the question cannot be answered until we know x.

>> No.10840061

>>10839970
Wait until the gui is finalised and then worry about it, as it will simplify the process. But Thomas hodges has already uploaded videos on how to, just google his name you'll find it. What people seem to not understand is, it's in their best interest to make running a node simple and they're working on that now. You won't need to have adapters for alot of the requests, if the api is open then the smartcontract will tell your node where to grab the data from. Seriously node operation difficulty has become FUD, they are making it so noobs can do it. Linkpool I believe is only useful if you don't have much link, otherwise I'd do it yourself.

>> No.10840070

>>10838979
*crackk*
*siiiips*
*ahhhh*
>linkpool, yep
*burp*
Honetsly though only retarded boomers will use linkpool
Bizpool will be where zoomers in the know go for staking, just like with ark, it will quickly become one of if not the top node operator. Check em, kiddo

>> No.10840081

>>10840048
I agree with security, for me I will use a yubikey. As for downtime, an email will be sent you if your node drops out, it's not something that is going to require your attention constantly, more like set and forget.

>> No.10840086
File: 222 KB, 1331x566, Capture.png [View same] [iqdb] [saucenao] [google]
10840086

>>10840048
To me it is for at least a couple of months until we learn more about how the api economy works in practice. A 25% cut for a few months is not going to break the bank.
I strongly suspect there are going to be people who will regret not selling their link to contribute to the LinkPool crowdsale but that remains to be seen.

>> No.10840125

>>10840061
Oh, well that’s nice.

>> No.10840219

who even knows what kind of APIs will be requested through ChainLink. IF the network ever has people making significant requests, then chances are they're going to be requesting specialized data only available through paid APIs. I think its more likely that the data suppliers themselves would set up nodes. So you would have the Bloomberg node and the Reuters node and whoever else wants to provide market data. But I don't think neet nodes will be a thing.

>> No.10840475

>>10840061
hi based anon. pls could you outline key steps I need to do in preparation for mainnet node operation. in prep for simple gui you speak of?

>> No.10840583

way too brainlet to use my own nodes, although hopefully I will keep learning about it and understand more eventually
- so you can get 75% of rewards, but from what I understand, there could also be penalties which would result in the opposite: losing some of your links? what exactly defines if you get rewards or penalties, and what does linkpool offer to ensure only rewards and no penalties? do you have any control over anything?
- should you stake all your links or only a portion like 50%?
- is there a minimum amount of links for entry into linkpool?
- what is the estimated reward % annually if you do use linkpool?

>> No.10840593

Holy fuck that's expensive, 25%?

>> No.10840611

>>10840061
the question is whether the money in the market isn't with open sources, but subscription based ones. if demand for the highest reputable nodes comes with factor higher price per request, then linkpool could earn a lot more than anyone else.

>> No.10840619
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10840619

>>10840583
>75% of rewards, but from what I understand, there could also be penalties
75% of the profit with no risk of losing anything.
>- should you stake all your links or only a portion like 50%?
Stake whatever you have no plan of selling in the medium term ~6 months
>is there a minimum amount of links for entry into linkpool?
No but they received so many applications new applicants won't be ale get in for a while
>- what is the estimated reward % annually if you do use linkpool?
No one, including the devs know yet. It depends how much the returns on staking Link in general are. The Linkpool crowdsale may end up being the highest roi in crypto this year or it could be a waste of time for everyone involved.
I put six ETH into the crowdsale and consider it an all or nothing gamble

>> No.10840642

>>10840619
>No but they received so many applications new applicants won't be ale get in for a while
Fuck, really?

>> No.10840659

>>10840642
You'll be able to get in, just not have priority. Linkpool crowdsale participants go first, then those who registered then the rest,

>> No.10840665
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10840665

>>10840642
Did you miss when it was plastered all over /biz/ to contribute just 0.2 ETH to the crowdsale to get preferential access to the service? LinkPool have stated a concern over having too many nodes relative to everyone else when the mainnet first drops so they are probably going to start slowly

>> No.10840734

>>10840619
>no risk of losing anything.
Do you have an explanation or source for that?

>> No.10840778

>>10840734
>When staking with LinkPool, our service fee is only deducted from any future Node earnings, this means there is no upfront or hidden costs for using the service and the amount of Link you have will never decrease over time.

Any Link tokens that our nodes generate as reward, 30% will be deducted for our fee and the remaining 70% will be distributed proportionally between the stakers (although these are by no means fixed and would hope to decrease them over time). We believe this amount to be fair since we are investing strongly into our infrastructure to ensure the reliance, redundancy and security of our nodes, as well funding future expansion. We highly expect our running costs to dwarf our income from the LinkPool fees initially but realise the long term potential of the service we are trying to provide.
https://medium.com/linkpool/linkpool-economics-ac8642a75801
Ignore the 30% figure. That is an old article and they have since changed it to 25%

>> No.10840837
File: 1.25 MB, 1377x5000, LPCrowdSale.png [View same] [iqdb] [saucenao] [google]
10840837

If you believe in LINK and didn't go into the LinkPool crowdsale, you fucked up.

>> No.10840871

>>10840086
I threw less than 10 more than 1. do you think I'll be fine?

>> No.10840873

>>10840837
My friend and I share one of of the top twenty accounts. Holy shit I love this infograph.

>> No.10840908

>>10840837
Will we get more opportunities like this? Bizpool when?

>> No.10840913

>>10840871
You are in the top 87 contributors so if it takes off you should be fine. See >>10840837

>> No.10840928

>>10840913
Ya just saw that. top 79% not bad.

>> No.10840929

>>10840928
top 40*

>> No.10840934

>>10840871
if the prophecy is true then jonny could be the next jihan wu

>> No.10840954

linkpool crowdsale wasn't avail to burgers right?

>> No.10840970

>>10840954
Right. It was hilarious watching how fast /biz/ went from shilling it to fudding it as soon as they announced the unsold amount was to be divided up proportionately between the contributors

>> No.10840979

>>10840837
ugh no. Most of the people are not going to be running a node. They are going to market sell. The other 10% are neets and will be running a node. Not to mention that people will be making youtube videos on how to do it

>> No.10840987

>>10840970
/biz/ has always thought it was shit since they said they would be taking 25%

>> No.10840992

>>10840970
lmao but honestly shout out to the fudders as i hadn't taken linkpool seriously until that point

>> No.10841056
File: 453 KB, 599x720, received_255321581957813.png [View same] [iqdb] [saucenao] [google]
10841056

What wallet do you guys keep your link on? Mine are on an exchange and I want to move half off (I dont trust my own machine not to fry either)

>> No.10841070

>>10841056
A paper wallet with MEW if you are a poorfag or a Ledger nano s if you aren't

>> No.10841081

>>10841070
ChainLink isnt on the list of supported coins for ledger nano s though

>> No.10841086

>>10840086
I sold all my Link except 20k and went all in LinkPool to be a top 10 contributor. Will I make it?

>> No.10841114

>>10841081
It can be stored on any ETH wallet. You need to learn more about how Ethereum and tokenisation works.

>> No.10841131

>>10841086
You have roughly twice as much Link and contributed roughly twice as much to LinkPool as I did so I hope so.

>> No.10841142

>>10841081
store on myetherwallet and make sure you write down your recovery phrase

>> No.10841163

>>10838979
neither. i will be dumping if it ever pumps significantly.

>> No.10841165

>>10840837
I think @CryptoSpong3 (Twitter) was the creator of this infographic

Just giving credits

>> No.10841197

>>10839947
>Smart neets will loan the link out through smart contracts.
Noted

>> No.10841225

>tfw fell for the fud

Good thing the linkpool "shares" will be sellable and ill try to scoop some

>> No.10841245

>>10841086
Nice so you wanted to bet on a startup company that is better everything on that startup company. Lmfao.

>> No.10841265

>>10841245
No risk, no win, but with Jonny on-board, the risk is minimized. Have you seen the risk-reward potential? The reward is much bigger than the risk involved. Even if you didn't participate in the crowdsale, if you only stake with them, they guarantee you won't lose any tokens due to their penalty stack.

>> No.10841267

>>10839034
Master tier bait lmoa

>> No.10841422
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10841422

>>10838979
i wonder if a brainlet like me can set this up and if its worth it.

>> No.10841648

>>10839020

In theory you can run a node with 0. It'd be a struggle to build your rep, so try not to do that. Really a few thousand is all you really need. Even poorfags in this already are gonna make it.

>> No.10841809

>>10840659
Phew

>>10840665
I’m a burger, couldn’t participate

>> No.10841960

>>10839030
>Within Cells

>> No.10842375

>>10841225
You can be certain those shares are gonna be waaaaaay more expensive if youre planning on buying in later.

>> No.10843303

I won't be putting anything into a node until I can be sure some dickhead can't manipulate the answer to steal my link from me

>> No.10843326

>>10843303
If someone can figure out how to do that they will have made the entire Ethereum network useless. If LinkPool figure out how to stake to LinkPool while keeping your tokens in MEW locked up as part of an smart contractas they have stated they are working o there is no risk whatsoever.

>> No.10843358

>>10839889

Stop shilling Johnny

>> No.10843401

faggot jonny made linkpool for non-us participants and i couldn't afford a fake foreign passport. nigger

>> No.10843406

>>10843358
I doubt we will here anything from the devs before the mainnet launches. They have less than 200 investors so its not like they have to worry about angry zoomers emailing them constantly for updates.

>> No.10843414

>>10843326
hes talking about ending up on the wrong (correct) side of a sybil attack

>> No.10843452

>>10843414
Which is a problem for people running their own nodes but not for people staking with LinkPool. They will have a large bad debts fund to cover this shit. They could exit scam
but they could only take whatever profits currently haven't been claimed.

>> No.10844225

>>10843414
Yes exactly

>> No.10844243

>>10841165
Imagine giving Reddits on 4chan.

>> No.10844265

>>10840778
And 6.25% of the 25% goes to crowdsale participants

>> No.10844290

>>10840837
>if you believe in decentralised oracles and didn't buy into a completely speculative centralised second layer solution before any concrete information was released about the actual nuts and bolts of node operation, you fucked up
Yeah ok lol, keep telling yourselves that.

>> No.10844331

>>10839066
Kek

>> No.10844365

Linkpool Poolowners smart contract:
https://github.com/linkpoolio/linkpool-owners/blob/master/contracts/PoolOwners.sol

>> No.10844414

After I make it I'm going to cash out and put it all into lower risk investments like ETFs.

There's no reason why staking link will produce any more income than other dividend investments.

>> No.10844446

>>10839110
that a single word of code written incorrectly could result in an irreversible permanent loss of funds

>> No.10844449

>>10838979
Setting up my own node because I'm not tech illiterate.

>> No.10844451
File: 2.81 MB, 266x221, 1436037133942.gif [View same] [iqdb] [saucenao] [google]
10844451

>>10838979
>25% cut
what the absolute fuck

>> No.10844474

>>10844451
To be fair, considering about 90% of /biz/ would just Google "anime APIs" and then give up after 15 seconds if they actually tried to spin up their own node, 75% is better than nothing for most of the brainlets on here.

>> No.10844478

>>10844474
what's stopping me from making a pool that only takes 20%

>> No.10844485

>>10844451
To someone as technically illiterate as me that's a fair price.

>> No.10844495

>>10844478
Do it. A bunch of competition in that area would only be a good thing.

>> No.10844496

>>10840048
AWS will handle most of this for you, the rest is bash scripting you should attach to your containers to run each time an instance is spun up. If the previous sentence was gobbeldygook to you start learning

>> No.10844712

>>10843452
I was talking about running my own

>> No.10844923

>>10844478
The fact you would be running at a loss initially and Linkpool would have a massive head start allowing them to undercut you.You guys are missing the fact that 25% is just the initial cost and if LinkPool is as profitable as we think it will be they will drop the price fast.

>> No.10845042

>>10841081
The absolute state. Do some more research or you'll lose all your money.

>> No.10845116

>>10844414
But the sheer cost of the contracts involving large financial institutions means that as link becomes more valuable so too will the pay offs. Risk is something else to consider. If the network is up and running and your (hopefully) nice stack of link is generating returns then that seems almost less risky than some stock etf because you're putting trust in the ethereum network. idk. Seems silly to ever sell. Just divert earnings from staking link into other forms of wealth (gold, stocks, real estate, etc) and enjoy the good life.

>> No.10845202

>>10844451
> stakers gets 75% of the rewards for doing absolutely nothing
> unfair and disgusting
fucking millennials

>> No.10845298

>>10839007
Does it matter? What important API will your node even provide? You LINKies are so delusional.
>Stake muh LINK on a node
>Has no valuable API data
>You don't need LINK to run a node meme
>Not understanding your node will be worth nothing because it provides smart contracts nothing.
>Thinks he will make it with his LINKs staked on an old PC in his mother's basement

>> No.10845353

>>10839762
Who will request data? Is there any projections on this? It's just going to be a bunch of literal whos for miniscule amounts.

>> No.10845384

>>10839066
Why would you want a TRUSTLESS contract when you can have a TRUSTED contract? You gotta trust the people you're in business will or you'll get scammed.