/biz/ - Business & Finance

[Anonymous No.20519231]

anyone fill my 50 eth LP order as my bday present? being here since 2018 but fucked up bros :(

[Anonymous No.20519642]

any whales here down to make my night?

[Anonymous No.20519693]

>>20519231
>When you see it

[Anonymous No.20519773]

>>20519231
Willing to sell up to 4 LP at 65 eth

[Anonymous No.20519801]

>>20519773
I buy 4 lp for 200eth

[Anonymous No.20519880]

>>20519801
Lowest I'll do is 240 eth for the 4 LP

[Anonymous No.20520032]

>>20519231
>being here since 2018 but fucked up bros
why did you fucked up?
you can't stake in their pool without LP shares?

[Anonymous No.20520138]

everyone can see that there are no new token holders you dumbshits.

[Anonymous No.20520163]

>>20519773
>>20519801
>>20519880
you fucking retards are making it too obvious.

[Anonymous No.20520245]

>>20520163
You are a fucking brainlet

[Anonymous No.20520285]

>>20520245
No your samefagging ass is

[42 No.20520289]

>>20519231
imagine selling linkpool shares now
big mistake
you guys are about to see some big things popping off
the dividend payout for linkpool shares saw a pretty big spike for the last payout
something is happening

[Anonymous No.20520310]

>>20519801
>200ETH for 80$ a year in chainlink tokens

Linkpool is such a scam lmao

[Anonymous No.20520359]

i made 1.1 LINK from my 1.4 shares last week. Soon it will be 11 LINK. Then it will be 110 LINK.

[Anonymous No.20520447]

>>20520289
I was hoping for a bunch of extra price feeds, but it just seems to be this unfortunately.

[Anonymous No.20520725]

>>20520032
can someone answer

[Anonymous No.20520918]

>>20520725
That's correct, Pajeet.

[Anonymous No.20520927]

>>20520447
What are those new reference data contract type ?

[Anonymous No.20520964]

>>20520918
Poorfag here with 0.04LP & 11K Link will I be able to join the pool?

[Anonymous No.20521015]

>>20520285
Okay anon...

[Anonymous No.20521253]

>>20520927
There is a transition going on from average aggregator contracts to ControlledAccessAggregator contracts. While the transition goes on, the nodes are serving twice the amount of contracts and therefore doubling their income

[Anonymous No.20521349]

>>20520964
Yes, any amount of LP will allow you to stake in the Linkpool node. Although your staking allowance will be proportionally related to the amount of LP you hold. With 0.04 LP you'll be able to stake up to 400 LINK

>>20520359
This is the Linkpool pill, the amount of LINK earned grows with the Chainlink network's volume & traffic. Linkpool node is one of the top 3 nodes. It will be used in every high value contract.

[Anonymous No.20521525]

so what exactly do people without any LP shares plan on doing once staking is out? considering you need shares to stake and LP is so far the only company who's officially stated they'll offer public staking to plebs?

[Anonymous No.20521791]

>>20521525
They won't be staking, they'll be watching though, like cuckolds from closets.

[Anonymous No.20521804]

>>20520918
>That's correct, Pajeet.
Shut the fuck up nigger you can stake even without LP shares

[Anonymous No.20521823]

>>20521349
>With 0.04 LP you'll be able to stake up to 400 LINK
How can then people without LP shares to stake?

[Anonymous No.20521825]

>>20521525
I own some LP, but the general consensus is that they'll just pay some other platform for access to stake in their nodes
Whether that be a cut of the fees they earn, or buying tokenized access to another provider

And then there are absolute braindeads who think they'll be able to stake 10k LINK for free and get 100% of the fees they earn.
And then there are absolute braindead retards who think they'll just spin up their own node and start getting jobs

[Anonymous No.20521854]

>>20521791
>They won't be staking
this is false. And you know it.
If it was so difficult to stake then the network would never go on in a decentralized fashion

[Anonymous No.20521884]

>>20521825
>they'll just pay some other platform for access to stake in their nodes
how much will they pay?
could you make an example?

[Anonymous No.20521940]

>>20521884
no i cant provide an example because nobody knows. every single other major node operator on chainlink mainnet right now (Fiews, Certus One, ChainLayer, Simply VC) does not have any public information about allowing random people to stake in their nodes
whether that be by tokenized access or a cut of the fees, they haven't said anything about it yet.

[Anonymous No.20521957]

>>20521825
>they'll just pay some other platform for access
The platform would need to accept that and set it up in the first place. Tbfh why would they share their profits? Especially the first years where rewards will be the biggest.

[Anonymous No.20522007]

>>20521804
>>20521854
No, you actually can't stake on LP without LP shares.

[Anonymous No.20522019]

>>20521854
Yeah, you'll definitely be lurking in a closet.

[Anonymous No.20522024]

>>20521940
It would be a shit network if it was so restricted the possibility to stake

[Anonymous No.20522055]

>>20521957
>Tbfh why would they share their profits?
You mongoloid maybe because the greater the collateral the biggest the chances for a job?

[Anonymous No.20522254]

>>20521823
I see three possibilities for people not willing to buy LP tokens for whatever reason but willing to stake their LINK:

1) They will run their own node, and successfully manage it as a business. Create a wide network of clients that will use their specific node with predetermined collateral requirements. So they will place their deposits on their node. Required: High level of technical knowledge and dedication. Maintenance of infrastructure and your business takes time and securing the availability guarantees is not easy, but it's achievable for tech savyy people.

2) They will hire NaaS and, unlike the first option they will only have to manage the "business side" of their node (which to be honest is more than half of the battle), but they won't have to worry about the technical stuff beyond adding external adapters and managing what APIs do they connect to.

3) Getting in another node willing to borrow LINK from users (aka another staking pool). Although there are high probabilities that most nodes will just use the pre-made Linkpool contracts in the market.link to become pools and pay Linkpool a fee (which will end in LP holders' hands). You have to keep in mind that these sort of nodes, will require a limited amount of LINK (the amount necessary to respond to their average requests, a few thousands LINK in this USD price range), so when they fill their collateral needs, they won't allow other users to get in, since with Chainlink staking you don't earn more if you stake more than what you need. It will be hard to stake in someone else's node if they are not turning their node in a pool through Linkpool contracts

[Anonymous No.20522263]

>>20522055
Even Sergey says there comes a point where there's diminishing returns on the number of links staked. Meaning there's a big difference between 10k links staked and 1 million staked but not much between 1mil staked and 10 mil staked. Sorr, you were too poor for the 1eth during the ICO, Rajandra.

[Anonymous No.20522304]

>>20522263
Implying I won't stake in coinbase ahaha

[Anonymous No.20522340]

>>20519693

[Anonymous No.20522358]

>>20522304
Do you have a single proof that Coinbase will run nodes, and offer staking to plebs? You do realize staking with Chainlink is very different from staking with Tezos right? Jesus you're low iQ.

[Anonymous No.20522360]

>>20522254
>It will be hard to stake in someone else's node if they are not turning their node in a pool through Linkpool contracts
so even in the case I will give a fee it will be anyway hard to stake?
What a fuck did buy Link for?

[Anonymous No.20522423]

>>20520310
Seeth more faggot

[Anonymous No.20522486]

>>20522024
You don't seem to understand that the Chainlink network doesn't need you. There is only a successful development effort to provide trustless and open staking to Chainlink, and it's coming from Linkpool.

>>20522055
>You mongoloid maybe because the greater the collateral the biggest the chances for a job?
You are going to be very very disappointed when you find out that reputation plays an import role within the network and placing a high deposit doesn't guarantee you are going to be getting jobs.

>>20522360
>so even in the case I will give a fee it will be anyway hard to stake?
Not necessarily, but with LP you get a percentage of every node's income.

[Anonymous No.20522501]

>>20522358
I don't see your world where you are choosen for jobs only if you have millions of Link like a possibility
this turnns the network into a centralized one and at that point there is no difference with centralized oracles

[Anonymous No.20522530]

>>20522486
>reputation plays an import role within the network
where the reputation comes from? from your ass?

[Anonymous No.20522566]

>>20522486
>but with LP you get a percentage of every node's income
who fucking cares if they let me stake
they can't ask more than 10% in fees to stake

[Anonymous No.20522584]

>>20522501
and yet you said that :
>>20522055

You are one dumb nigger.

[Anonymous No.20522784]

>>20522530
>where the reputation comes from? from your ass?
There are going to be 2 main off-chain complementary reputation providers: https://reputation.link/ and probably https://market.link/ then afterwards, Chainlink team will develope the on-chain reputation system, a parametric score system that calculates a "score" and assign it to every oracle contract created on mainnet. Read the Chainlink whitepaper, page 17, section "5.2 Reputation System" https://link.smartcontract.com/whitepaper

>>20522566
Isn't your target getting as much LINK as possible?

[Anonymous No.20522801]

>>20522584
I mean that there are also jobs that doesn't require so many linkies as collateral

Also this is a no problem... ok I will give 10% of staking profits to LP shares. Where's the problem
I don't think it's more than 20% to LP in order to have the rights to stake

ALSO EVENTUALLY OTHER POOLS WILL INIATE A CONCURRENCE FIGHT LOWERING THE FEES IN ORDER TO ATTRACT LINKIES INTO STAKING WITH THEM CAUSE THE AMMOUNT OF LINK STAKED (THE DA POOL) IS ONE OF THE BEST INDICATOR OR RELIABILITY

AND ANONS COULD STAKE PAYING ONLY A 5% CUT FEE TO THE POOL

AND YOU FUCKING MONKEY SHILLING YOUR LINKPOL SHARE WILL SEETHE

[Anonymous No.20522868]

>>20522801
Kek,you are an actual indian aren't you?

[Anonymous No.20522873]

>>20522801
Anon what makes you think there will be some large battle between node providers to undercut one another?
Have you considered that any pool offering staking services in their nodes that /actually get jobs/ will fill up within seconds, even taking a 20% fee from all revenue earned?

There are thousands and thousands of LINK holders who would be willing to give away 20% of their profit from staking, just to get any profit from staking whatsoever.
These node providers do not need to compete with one another to undercut, they will get their nodes filled up extremely fast, despite the fees.

[Anonymous No.20523030]

>>20522873
>These node providers do not need to compete with one another to undercut
They compete one to onether for reputation

example: the big boy pool with a lot of Link can:

1) fulfill more job than the Linkpool with linkies

2) has more reputation since it can utilize more Link as collateral ---> so it will naturally game of theory get more job

So at one point (after the initial noob phase) Linkpols will undercut the fees to stay competitive

[Anonymous No.20523060]

>>20523030
1) fulfill more job than the Linkpool with fewer linkies *

[Anonymous No.20523109]

>>20523030
Nobody is ever going to use just 1 node to fulfill a data request, anon.

Any reasonable project that requires a chainlink oracle to feed it data, will do so by querying a number of nodes.
This will create a number of winning platforms.
If you are a developer, you are going to want your data fed from 10+ nodes

LinkPool is all but guaranteed to be one of the default node services people choose to use when they need data feeds.
And again, there are diminishing returns to LINK staked.

These node providers will have hard caps on the amount of LINK staked per node. Once that cap is reached, the node is filled.

[Anonymous No.20523227]

LP is so goddamn comfy mane

[Anonymous No.20523279]

>>20523030
>2) has more reputation since it can utilize more Link as collateral ---> so it will naturally game of theory get more job

From the whitepaper:
>For a given oracle operator, the Reputation System is initially proposed as supporting the following metrics, both at the granularity of specific assignment types (see Section 2), and also in general for all types supported by a node:
>• Total number of assigned requests: The total number of past requests that an oracle has agreed to, both fulfilled and unfulfilled.
>• Total number of completed requests: The total number of past requests that an oracle has fulfilled. This can be averaged over number of requests assigned to calculate completion rate.
>• Total number of accepted requests: The total number of requests that have been deemed acceptable by calculating contracts when compared with peer responses. This can be averaged over total assigned or total completed requests to get insight into accuracy rates.
>• Average time to respond: While it may be necessary to give oracle responses time for confirmation, the timeliness of their responses will be helpful in determining future timeliness. Average response time is calculated based on completed requests.
>• Amount of penalty payments: If penalty payments were locked in to assure a node operator’s performance, the result would be a financial metric of an oracle provider’s commitment not to engage in an “exit scam” attack, where the provider takes users’ money and doesn’t provide services. This metric would involve both a temporal and a financial dimension

Penalty payments (LINK staked) is ONLY one of the five parameters used to build your reputation

[Anonymous No.20523332]

>not having enough link
>not having enough LP

the pain, suffering & regret is crippling

[Anonymous No.20523364]

>>20523109
so what?

[Anonymous No.20523388]

>>20523227
based and comfy

[Anonymous No.20523390]

>>20523109
>again, there are diminishing returns to LINK staked.
could you explain why?

[Anonymous No.20523417]

>>20523109
>These node providers will have hard caps on the amount of LINK staked per node. Once that cap is reached, the node is filled.
eventually other nodes will come in the game
accepting LInkies around

[Anonymous No.20523430]

>>20523364
So it's going to be exceptionally difficult for LINK holders to stake their LINK in nodes that actually get jobs.

You've already stated you're fine with giving a % of your revenue staking in nodes to LP holders, if thats the case, then theres nothing for you to worry about.
You will, eventually, be able to stake your LINK in a node providers nodes. You will also be giving them some of your revenue earned.

The anons who hold LP want to be a part of that group that takes a % cut of your revenue, thats all this is about

[Anonymous No.20523473]

>>20523430
>The anons who hold LP want to be a part of that group that takes a % cut of your revenue, thats all this is about
+1

[Anonymous No.20523569]

>>20523430
Moreso to be first in line to stake their link stacks on the most profitable missed... the cut of the fees is just gravy

[Anonymous No.20523605]

>>20523569
Yes this too of course. I was too hasty in posting my response and didn't want to babble on forever.

But priority access to staking is one of the most important things, as well. Though long term ultimately the fee sharing to LP holders will likely be the driving profit in owning LP

[Anonymous No.20523810]

>>20523430
I was planning on steaking with LP as soon as possible until I found out it might create taxation problems in Germany by increasing my Link holding time to 10 years if I want to sell some.
Now I will have to limit myself to the LP revenue without steaking myself until this is sorted out...

[Anonymous No.20523937]

>>20523605
>Hopped in LP crowd sale because I knew from the start I'm too much of a brainlet too run my own node no matter how easy anons made it sound.
>Hopped in for passive income without the security of priority staking
>No dex so it was a buy-and-hold-till-I-die kind of deal
>No knowledge of Jonny or Mat other than seeing their convo's in the Chainlink tg group
>LP vindicated themselves on all of these points
I'll say it again: LP is so goddamn comfy

[42 No.20523941]

>>20520447
>I was hoping for a bunch of extra price feeds
it's more than that
but you'll just have to wait and see for yourself

[Anonymous No.20524063]

>>20523810
>>>20523430
>I was planning on steaking with LP as soon as possible until I found out it might create taxation problems in Germany by increasing my Link holding time to 10 years if I want to sell some.
>Now I will have to limit myself to the LP revenue without steaking myself until this is sorted out...
I wouldn't worry too much imo. Just count your LP rewards and your staking rewards as if they came from just holding LP. I don't think your Tax Behörden will dig too much

[Anonymous No.20524188]

Never forget.
https://www.bitchute.com/video/55VH6j9e8Ltm/

[Anonymous No.20524747]

>>20523810
more info on why staking will change the holding time to 10 years? right now my lp goes to the eth address with my link, but if staking changes the 1 year hold tax free rule, I'd transfer my lp to a different eth address and stake from that and not plan on cashing out if it came to that

[Anonymous No.20525774]

>>20523937

I was the absolute same. Despite everyoen talking about running their own nodes, I knew I was gonna go for the lazy mans option. So cozy anon.

[Anonymous No.20526416]

WTF was that LP bros

[42 No.20526626]

>>20526416
>WTF was that LP bros
how many wallets with LP shares now?
>t. one of the original 186

[Anonymous No.20526890]

>>20526416
>>20520447

[Anonymous No.20526949]

>>20526626
Will my linkies moon tonight 42?

[Anonymous No.20527160]

>>20526626
I think I may know who you are unironically, but I definitely will not post it here. Something I remember from years and years ago that strikes a chord with your 42 identity..

[Anonymous No.20527200]

>>20527160
You two gay niggers were in the same mental hospital, no doubt.

[Anonymous No.20527213]

>>20520359
I earned .03 link from my .04 LP but it's nice to have when the network is busier and link costs more

[Anonymous No.20527282]

>>20526626
>>20527160
Actually yeah I’m fairly confident I know of you, never met in person though.

[Anonymous No.20527372]

>>20526626
Almost at the devil's number

[Anonymous No.20527398]

>>20527372
Burgers can’t get LP correct?

[Anonymous No.20527424]

>>20527398
Nobody's answered me on this. I have no idea. You can purchase it without a VPN but I don't know if it's legal

[Anonymous No.20527463]

>>20527424
Exactly I’ve heard very conflicting and vague opinions about it

[Anonymous No.20527490]

>>20527398
>>20527424
>>20527463
I'm a burger bought LP without a VPN over a year ago.
The SEC isnt going to do shit about a purchase on an obscure DEX for an obscure coin held by less than 0.000000001% of the worlds population

[Anonymous No.20527521]

(((technically))) its illegal. but so was participating in the 20 ICOs i participated in throughout 2017-2018
they wont do shit. the government is hilariously retarded, and they dont care about my $100,000

[Anonymous No.20527545]

>>20527490
Quick spoonfood on best buying/storage options?

[Anonymous No.20527566]

>>20520138
I don’t get what the point of these threads are then

[Anonymous No.20527599]

>>20527545
Buy it on the LinkPool DEX.. its the only place you can even trade LP, you physically cant buy it anywhere else

as far as storage, I use a ledger. but any ERC-20 compatible wallet will do.

[Anonymous No.20527631]

>>20527521
> they wont do shit.

Oh yes they will,uncle sam wil hunt you down sooner or later

[Anonymous No.20527729]

>>20527599
Appreciate the response, might convert a good bit of my stack

[Anonymous No.20527764]

>>20527631
my great uncle literally laundered money for african warlords. im not larping. he is filthy rich and he would tell me disturbing stories of how hed have to watch them raping children, but he worked with them for decades.
never paid taxes on a dime of any of it.

excuse me for not having my utmost faith in the U.S. governments ability to track my basket weaving forum investments

[Anonymous No.20527832]

>>20527729
>might convert a good bit of my stack
would not recommend this anon, but you do you.
im balls fucking deep in LINK but my LP stack in comparison is minuscule. just enough to stake my LINK stack, but not a single cent more.

[Anonymous No.20527917]

>>20527729
1LP=10k link

[Anonymous No.20527966]

>>20523605
>priority access to staking
is there a priority to stake for anons who have LP?
But what if there is a competition for a contract between anon with LP and another anon with LP?

[Anonymous No.20528171]

>>20527832
I've got 3 LP and 2500 link. I'll just rent the available 'stake space' out to someone once they make a contract for it.

[Anonymous No.20528547]

Brainlet/pporfag here.
I have 2000 Link. How much LP would I need to stake this? I can't find a figure on this.

[Anonymous No.20529134]

>>20528547
0.2. Nobody knows for sure, but 1 LP token per 10k LINK is a safe assumption. It depends on the circulating supply, with 350M in circulation like right now, 0.2 LP might be a bit low, but when staking goes live we might see 500M in circulating, and then 0.2 LP token will be enough for 2k link.

[Anonymous No.20529205]

>>20524063
I prefer not to take risks until steaking produces high enough rewards to offset them or I see more information on this topic.
Imagine you sell a small portion of your stack for a few millions.
Do you think a person getting paid 50k a year won't spend some time to try to increase your taxes?

>>20524747
The problem is this is new and the original tax was meant for containers.
The law should not be applicable to staking as you are not getting paid an interest and get payments for contracts, but it's up to them to decide how them want to see it...
https://medium.com/accointing/5-steuertipps-f%C3%BCr-crypto-steuern-49b2d0934527
>Das Staking ist aktuell noch eine Grauzone, es wird jedoch von führenden Experten angenommen, dass die Haltefrist sich hier auf 10 Jahre verlängert.

https://hellinger.legal/cryptocurrencies-10-jahre-haltefrist-23-estg/

[Anonymous No.20529372]

>>20524747
I transferred my LP to a separate wallet as soon as possible to prevent someone mistaking the LP payments for an interest rate on my Link stack.
It's also a good idea to have separate wallets for different strategies.
Let's say you get an interest payment on a coin. This would increase the holding time to 10 years.
But if you have a second wallet with this coin and don't get interest on it you can argue that the 10 year holding time only applies to the wallet receiving the interest and the second wallet keeps the 1 year holding time.

[Anonymous No.20529388]

>>20529205
but if it is correct, that just applies to the link earnt from staking. I can't see how it would apply to a separate stack of link bought before staking was released

[Anonymous No.20529432]

>>20519231
Happy Birthday fren

[Anonymous No.20529539]

>>20529388
The increase to 10 years applies to what you used to get paid an interest, not the interest itself.
The interest is considered an income which will get taxed heavily at its original price at the time you received it.

If you use your Link stack as collateral for LP contracts, it's possible to argue that your Link payment was a result of you possessing Link and it's similar to an interest rate.
I can't manage to understand what happens in most of the contracts coming from LP and can't even find the LP transfer transactions while I am trying to make my tax accounting.
You will need a lot of luck or time to convince the tax authorities that what you got was not an interest payment...
I prefer to keep it simple and reduce the risk of getting a painful result.

[Anonymous No.20529579]

>>20529388
The 10 year time increase applies starting from the time you used your asset to earn an interest.
If you hold Link for 3 years with no interest and suddenly get an interest on it you may have to wait 10 years to cash out without taxes...

[Anonymous No.20529768]

>>20529579
>>20529539
right I understand. I won't be staking my whole stack. so the 10 year rule would only apply to the link that was staked, not to the unstaked link, which isn't generating any interest. it would only be the link that was being staked that I'd have to wait 10 years to cash out, not the rest of my stack. is that right?

[Anonymous No.20529804]

got a question though, if I want to send my lp to a different eth address, do I just use the send option on LP?

[Anonymous No.20530334]

>>20529768
Yes it should be if you report it correctly and keep these 2 stacks in separate wallets.
Having a physical separation is important and should make your life easier.

[Anonymous No.20530501]

>>20530334
yes I'm sure you're right, I'm going to send my lp to a diff wallet right now

[Anonymous No.20530650]

>>20530501
That's a good idea.
If you have doubts you can also ask the tax administration or a tax specialist.
I prefer to look up what I can myself, but getting the support of someone who knows this better and works in this field can be worth it if you have uncertainties.

[Anonymous No.20531505]

how much does 1 LP share costs and where can I buy it?

[Anonymous No.20531553]

Thanks for the 59 eth pooly, anon! Got my first at 7.777777, second at 35, and third (and final) at 59. I am comfy.