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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12780911 No.12780911 [Reply] [Original]

have their costumers at hand? How is it possible to use Chainlink when 1 Link is worth around 100 bugs? I never heard an answer to that question, t.brainlet.

>> No.12780921

>>12780911
bug costumes are hot.

>> No.12780927

The customers were talking about are banks with trillions of dollars. By using smart contracts they will be saving millions of dollars over the next century.

>> No.12780929

>>12780921
maybe

>> No.12780934
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12780934

>>12780911

>> No.12780940

>>12780927
solutions for less money will be available though, what interest has Sergey in a high Link price? Non i would assume.

>> No.12780947

>>12780940
The higher the bugs the more price for costumes. Tell me how that doesn't make cents.

>> No.12780950

try to see it as a commodity

irl you have services that allow you to buy commodities through a contract that guarantees stable prices at the cost of paying a premium

>> No.12780957

>>12780911
you negotiate a contract where the price you pay is fixed in USD and just have it converted to link using computer magic.

>> No.12780962

>>12780911
An increase in the value of LINK means that nodes grow substantially in the value of transactions that the node can process. LINK tokens are used as collateral for transactions. If a node has LINK staked to it approximating $1,000, then the transactions assigned to the node correspond. When the singularity happens that same node will have staked LINK worth more than $2,000,000 and the value of transactions it processes will correspond.

So LINK network users (customers) CAN abandon their nodes and cash out at the expense of losing massive passive income.

>> No.12780982

>>12780947
it does make sense, but does it still make sense with such an enormous high Link price tag?
Sergey wondered about that on the Denver talk it seemed

>> No.12781023

>>12780962
good stuff, thx fren

>> No.12781041
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12781041

>>12780962

>> No.12781143

>>12780940
Link is divisible by 18 decimal points. 0.0001 link can be used for cheaper contracts

>> No.12781182
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12781182

>> No.12781191

>>12780911
read the white pepper, link=coffee

>> No.12781209

>>12780940
Peeble pay in bugs not chainlinks. The togen price only matters to node oberators

>> No.12781217

decimal-fucking-points you absolute braindead retarded mongloids. jesus fuck

>> No.12781234

Why should I invest in a technology with no product, no mainnet, not even a proof of concept? If it were super undervalued like iExec I would understand but even then, why not just invest in an actual product that's undervalued, such as REQ?