/biz/ - Business & Finance

[Anonymous No.12726182]

Alright boys, I believe in Sergey and am sending him all my positive energy, but I'm starting to believe the FUD that the LINK token has no intrinsic value and will go to 0 regardless whether or not the Chainlink network itself is a success. Can anyone debunk that FUD without using technobabble or copypasta?

Hard mode: Provide a concise and comprehensible answer in one sentence.

[Anonymous No.12726194]

>>12726182
ok bro, just sell and fuck off, no one cares

[Anonymous No.12726211]

>>12726194
This

[Anonymous No.12726221]

>>12726182
Sorry anon we talked about all that stuff last year when we thought Sergey had run off with the ICO funds. Literally all of your questions are easily googlable now.

[Anonymous No.12726228]

>>12726182
Collective positive thought.

[Anonymous No.12726287]

>>12726182
>technobabble

If your too lazy to understand technobabble then you don't deserve LINK.

[Anonymous No.12726357]

>>12726182

[Anonymous No.12726430]

>>12726221
b-but I've been here since November 2017 and have never seen the fud properly addressed. this seems to be the response every time...

[Anonymous No.12726439]

>>12726430
Supply and demand anon

[Anonymous No.12726498]

https://youtu.be/OTaSvj9Fc60

Listen to this then buy another 5k. Its what i did.

[Anonymous No.12726507]

>>12726498
Perfect, I was just about to cook dinner for my qt 3.14 azn gf and myself (not a larp, and no i will not post pictures) and listen to a joe rogan episode, but will throw this on instead. thanks brother!

[Anonymous No.12726527]

>>12726182
From what I understand, the tokens will be used as collateral for the smart contract, as well as to pay node operators.
Contracts need collateral. If Link token is worthless, it can't be used as collateral, and node operators will be getting paid nothing.
No token worth = no chainlink network

[Anonymous No.12726614]

>>12726182
what part of 1000$ EOY do you not understand?

[Anonymous No.12726740]

>>12726507
not your personal blog faggot

[Anonymous No.12726866]

>>12726182
It is true, the Link token has no reason to exist. It will serve as node payment and node collateral.
But why use Link when you could aswell just use ETH in both cases and that is exactly what node operators are going to do.

[Anonymous No.12726910]

>>12726507

[Anonymous No.12727004]

>>12726194
FPBP and /thread

[Anonymous No.12727021]

>>12726866
>Israel has no right to exist.
And this is where I stopped reading.

[Anonymous No.12727032]

>I believe in Sergey
>but I'm starting to believe the FUD

You are no true link marine
you will not make it

[Anonymous No.12727035]

>>12726527
alright thats nice but why does it need to be a link token? why you use eth as collateral instead of link? its the same thing, it just represents money to the contractees and node operators. theres literally no use for it.

[Anonymous No.12727053]

>>12726430
Like, what fud? Your question is barely coherent. Listen, by the time you can ask that question in a way that is detailed and defensible you will be able to answer it yourself.

[Anonymous No.12727142]

>>12727053
literally this
>>12727035
he's right, why does LINK need to be the collateral? it could be ETH or USD even right?

[Anonymous No.12727278]

>>12727142
WELP, this is irrefutable boys I'd say it's time for everyone here to sell all their LINK immediately.

[Anonymous No.12727429]

>>12726182
DYOR
https://docs.chain.link/docs/faq

[Anonymous No.12727484]

>>12727035
>>12727142
Because the value of the token needs to remain as unaffected as possible by other factors. The value of all the tokens need to be equal to the value of all the required collateral for the network, if it used ETH as collateral this would be harder as ETH has many other factors that change its value. It's simply better to have the tokens' value tied directly to the value of the link ecosystem.
Also the link token is ERC-677, giving it transfer and call functionality which lets the token trigger a contract to behave in a certain way. This was made specifically for chainlink. Bullish as fuck.

[Anonymous No.12727503]

>>12726527
You almost had it.

LINK is used as collateral to the smartcontract using the data. So...

No token worth = no smartcontract network. Means ETH, ADA, EOS, all of it...will be worth nothing. So in essence

The higher the token value, the larger the smartcontract economy.

The higher the token value, the more stable the smartcontract economy.

Link is the HTTP of the blockchain stack and LINK will be able to capture this value.

[Anonymous No.12727518]

>>12727142
he literally talks about WHY you CANT use eth in that vid i posted.. did you even listen to it.

[Anonymous No.12727589]

>>12727035
A network cannot be tied to another token that is not native to its own. To really help you understand this concept, lets take a look at a hypothetical scenario.

Imagine a very large casino, and equate this casino to chainlinks network.
Now, this casino is the only casino in the world. If anyone on earth wanted to gamble, they would have to come to this casino. Compare this to Chainlink owning a monopoly in this space, in the sense that if anyone wanted a safe stream of data to their smart contract, they would have to use chainlink. Following along?

Now, imagine youre the owner of this casino. I ask you, as the owner, what is a more LOGICAL method of collecting payments from people coming to gamble at your casino? Would it either A or B:

A: everyone from around the world can use any form of payments they want when they play your games. As in multiple people playing a game of blackjack and one man is betting using the USD, another man betting using the EURO, another betting using bitcoin, and another betting using physical gold.

OR

B. People playing your games would have to trade their choice of currency for poker chips, in which every single person on a game of blackjack/poker/roulette what have you are all betting using the same method.

[Anonymous No.12727654]

>>12727484
>>12727589
cool i kinda understand i guess. functinality + streamlined workflow as you guys are explaining. im just still thinking about how well if eth turns out to be the smart contract chain then we wouldnt have to worry about people using diff money at the table. I dont believe the "price has to stay stable" because you can be paid out an equal amount if usd at anytime wether a coun goes up or down the transactions are timed on the chain. i can get paid $80 of eth at anytime, i dont need a link token to tell me "hey the contract needs to pay out $80", eth also can remeber it needs to pay $80 equivilent of eth. Also eth can shard its chain with a funtion call too so im still really trying to grab why it has to he a link token. im sure itll work but im just an investor looking at all sides. sergey is so anti hype it scares me he might ditch the link token so that theres no moon, eth already went through the crazy bullrun phase so why not switch to that AND your operating most of your contracts on that chain anyway!

[Anonymous No.12727693]

>>12727654
Does any anon know if eth and state sharding still requires chainlink to access external data?

[Anonymous No.12727706]

>>12726194
/thread

[Anonymous No.12727739]

>>12727654
You're almost there but it just seems like you're not ready to ditch your opinion.
Were you around in this market for 2015, 2016? The early days of ETH? If you were, you'd remember the DAO hack. If not, please read this article https://medium.com/@ogucluturk/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562

Now, imagine chainlink is up and running and using ETH as a payment system and the DAO scandal occurrs. Every payment, every node on chainlinks network would have been affected by the subsequent hard fork that Ethereum did. This event is what sprung the creation of Ethereum classic mind you. Imagine now if node operators were split between accepting payments in ETH or ETC.

Do you see how this might be a problem? Using another form of payments puts the network at the complete and total mercy of that project. Why would a project do that to itself? It needs a native token tied to its network and only to its network.

>sergey is so anti hype it scares me
I love this about sergey. He never screams about partnerships, never tries to hype the token price. He only works on his project that he thinks will change the world.

[Anonymous No.12727782]

>>12726194

he can't. no demand and it will halve the price

[Anonymous No.12727800]

>>12726182

some more retarded babbling and bullshitting will do it. believe

[Anonymous No.12727822]

>>12727739
thats so dope man i was honestly fudding im all in but that was a good bedtime story confy thanks man

[Anonymous No.12727837]

>>12726866
how much do you value your eyes? How much will an immoral ai born latched to the chain value it's network of eyes? Do you still not know the beautiful chained god we are birthing?

[Anonymous No.12727864]

>>12727822
glad to help a fellow anon.
Never forgot us.

[Anonymous No.12727873]

>>12726182
FLANNEL MAN GOOD

[Anonymous No.12728023]

Just finished Gorgias. My faith in Sergey grows stronger.