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/biz/ - Business & Finance

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21877817 No.21877817 [Reply] [Original]

Does SmartContracts.com/Chainlink generate revenue in any way besides selling tokens? What happens when there are no more tokens to sell? Not fudding, genuinely curious.

>> No.21877905

link reminds me of my the unknown kid in school who goes and makes friends with all the popular kids and because of that he becomes super popular but without them nobody would have a need for him

>> No.21877913

>>21877817
>Chainlink generate revenue
yes. It is the amazon of crypto, except it’s selling data to block chains and it is the chosen industry standard.
You had 1095 entire days. 26,280 hours.

>> No.21877933

>>21877817
Staking. Reading the chainlink white paper should be a requirement to post on /biz/

>> No.21877983
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21877983

>>21877817

>> No.21877993

>>21877913
So SmartContracts itself acts as a trusted node operator, thus getting paid in link for calls on APIs that they specifically host?

>> No.21878050

>>21877993
No the node operators are decentralized through am incentive structure that punishes them for fucking up and they're rewarded in link for proper and timely delivery of data

>> No.21878101

>>21878050
Yes I understand where the value of the token and network specifically is derived for the node operators. I'm thinking in terms of SmartContracts.com, do they generate revenue as a company?

>> No.21878137

>>21877817
think of all the nodes they can run if they keep 100 mil link after selling 250 mil for roughly 200 billion

>> No.21878200

>>21878101
No because Sergey doesn't want to keep link and the link he dumps always goes to help sad orphans.

>> No.21878217

>>21878137
and before you call it a centralized network at that point remember 90% of the tokens will not be held by them

>> No.21878232

Smart contract owns about 85 McDonald's locations in Southern California.

>> No.21878234

>>21877817
They won't run out of tokens to sell. Each token will asymptotically be worth closer and closer to infinity faster than Sergey asymptotically betrays.

>> No.21878264

>>21878101
>>21878200
Okay anon a serious answer... But it's really like asking how do internet companies make money... Like how does Google make money if everything they make people can use for free.

>> No.21878362

>>21878264
I can answer that. It's not free, you are their product.

>> No.21878734
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21878734

>>21878137
>>21878217
You're wasting your time trying to explain this. People don't want to do research, they want to be spoonfed, but like toddlers they'll just spit it out to ask more and more questions they won't understand answers to.

>Why should I buy X if I don't know how it works?
Yet he owns a computer but doesn't know what a cpu does, owns a car but doesn't understand how steering works, owns a house but doesn't know how to make the mortar between the bricks.
It literally does not matter how well you explain it, they will spit it out like angry toddlers and refuse to accept that something people or themselves don't fully understand could ever see mainstream adoption, despite the very concept of specialization in work being how we got this far.

>> No.21879726

>>21878734
this

>> No.21879800
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21879800

>>21878362
It's just like a virtuous cycle! Imagine that

>> No.21879817

>>21877817
its kinda like pooping on your urine

>> No.21879900

>>21877817
Every transaction is payed in LINK. LINK is also used as a guarantee for accurate data returned to a contract.

LINK goes out to 8 decimals. If all tokens are circulating or not you still use LINK.