Serious Questions regarding LINK

[Anonymous No.17329910]

Imagine it is 2035 and that LINK moons and becomes the preferred Oracle, like Bitcoin is the preferred cryptocurrency. What does your LINK tokens do? Is it like a bus ticket that someone who earns a wage in Bitcoin needs to pay for transactions, like credit card fees?
I'll be honest I think buying coins is not a good investment (compared to other asset classes) but I'm genuinely interested in LINK as it is supposed to be a platform to be used with other transactions, anons here have likened it to investing in the internet in the 90s.
What happens with the LINK tokens will they get used in a constant state?

[Anonymous No.17329940]

jesus christ
dyor

[Anonymous No.17329948]

>>17329940
I have read up on it, I just don't know what the point of owning a token is in what I understand is used to facilitate transactions.

[Anonymous No.17329958]

Link free here discord dot gg/87658Dh
It's a safe space. No racism pls

[Anonymous No.17329968]

>>17329910
You can use your LINK to pay for the Smart Assassination Contracts. Everything off the book records and fully anonymous. Girlfriend cucked you? Hire an Assassin so that Chad he fucked has an accident. Or both of them end up with an unfortunate, but completely natural example of a head blown the fuck off by a sawed-off shotgun.

In all seriousness, Imagine all these autists killing off their Grandparents with their LINK stack, so they can inherit Boomer's fortune at long fucking last.

[Anonymous No.17329982]

>>17329948
No it is used to authenticate data. Everything in the future will run on data authenticated by chainlink.

[Anonymous No.17329988]

>>17329948
using anything LINK-related requires LINK, LINK is the only accepted asset for collateral on oracle contracts.

you're setting up a smart contract. one million payout if ngubu scores tomorrow. which oracle node(s) do you trust to tell you reliably that ngubu scored. probably one with a high collateral for false reporting.

[Anonymous No.17329991]

>>17329948
huh..???? the more money put into the token, the more the token costs. the more people using link, running nodes and providing data, the more the token costs, because the tokens are used as collateral for the data and to reward the node operators. through dapps and link, whatever token you have, whatever currency you have, it won't be a problem

[Anonymous No.17329997]

>>17329910
What is this new fud?
Did i buy bus tickets?
Is Sergey a Bus Driver now?

[Anonymous No.17330000]

>>17329910
Bitcoin is BSV and Oracle is inside it so

[Anonymous No.17330001]

I am going to drink fine wine and sneer at "what does the token do?" faggots for the rest of my life.

[Anonymous No.17330021]

>>17330000
Fuck you Craig you fucking cunt

[Anonymous No.17330042]

>>17329982
>>17329988
>>17329991
So I buy a Lambo with Bitcoin and then need to spend LINK to authenticate the transaction, must I then buy more LINK to authenticate my next transaction?
Or will LINK replace Bitcoin (because all future corporations will require the Oracle contracts) and then it would rise as the dollar would rise against the Rand?

[Anonymous No.17330058]

>>17330042
>So I buy a Lambo with Bitcoin and then need to spend LINK to authenticate the transaction

BLOOOOOOORPPPHFFFFFFFFFFFFFFF
dont have a reaction image of a dumb enough fucking wojak to respond to this

[Anonymous No.17330071]

>>17330000
Checked
>>17329997
Look I'm struggling with the concept - remember I don't think coins per se are a good asset class, but because of the (albeit limited) research I did because of the constant shilling happening here I need to know things that aren't obviously clear to me.

[Anonymous No.17330113]

>>17330058
If my understanding is not right you could help, instead of screeching?

[Anonymous No.17330124]

>>17330042
No you fucking moron. So lamborginhi will buy materials, pay factory workers and staff, set up internal contracts and contracts with their dealerships using data authenticated by smartcontacts that use chainlink as an oracle.
You're thinking too small.
When I say everything in the future will run on chainlink. I mean everything.

[Anonymous No.17330170]

>>17330113
>>17330071
If all contracts are run on chainlink, the value of all LINK will be equal to the amount that people are willing to pay to ensure that all of the contracts in the world are executed properly.

Gaps left by insufficient trust will be filled in by chainlink. It will be the most competitive solution in the market, for it requires almost no resources excluding the collateral itself.

That's the value proposition. Evaluate it as you will.

[Anonymous No.17330205]

>>17330124
So LINK would replace Bitcoin as the global currency?
In the OP I make two mentions of Bitcoin being the global currency and you have not once said that it was wrong and LINK would be the global cryptocurrency.

[Anonymous No.17330221]

>>17330205
BLOOOOOOOOOOOOOOOOORPFPHPHHHHHHHHHHHHHTRHPPOOROOPPPFUFUFUF

[Anonymous No.17330231]

>>17330170
Thanks this is helpful, just could you clarify:
>Gaps left by insufficient trust will be filled in by chainlink

[Anonymous No.17330265]

>>17329910
LINK is a utility token. You need them to access CHAINLINK platform. LINK tokens are used as collateral by node operators aka data providers
dyor. You didn’t research shit

[Anonymous No.17330313]

>>17330231
If trust in any agreement is sufficient, no formal contract is necessary and no formal collateral is required. 'Will you get me a cup of tea? Next time I'll get you one' doesn't require chainlink.

Insofar as trust is insufficient to have a 'contract' be established, a formal legalistic solution is required or no agreement will be made. 'I will give you one million dollars today if you give me two million dollars in ten years'.

The 'weight' of these formal contracts is essentially the amount of 'collateral' that must be 'staked' for the person with the obligation to fulfill his role and not scam for profit.

The goal of any system of staking or torts or liabilities of this sense is simply to make such fraud unprofitable. As such, whichever form can provide collateral with the least extra circumstantial cost will be the one adopted (law courts, judges, rulings, formal examinations of papers, misunderstandings, caveats are all forms of circumstantial cost).

In metaphorical terms, if the only thing required to weigh down a scale is a one kilogram weight, the one kilogram weight easiest to find and utilize will always be the one used.

Chainlink has essentially no circumstantial costs. It is almost purely collateral. As such, it is a far better solution than traditional methods of securing contracts in lieu of trust.

The 'weight' of Chainlink (that is, it's total value) will be equal to the amount of 'weight' required (the amount of liability incentive required) for all contracts to be executed with zero fraud. The total amount of dissuasion that all contracted people in the entire world require, excluding trust alone, in order to not simply say 'no' to their obligations.

[Anonymous No.17330329]

>>17330221
kek

[Anonymous No.17330372]

>>17330313
Thanks anon, I mean it, it is easy to screech but when anons help each other out it truly is beautiful.