SPOONFEED ME

[Anonymous No.22017568]

Plz bros I just want to know what the Chainlink Token actually does. Whenever I ask a bunch of bros just tell other bros not to spoonfeed me but I never get an actual answer. Plz bros do it to educate me I need to know. Thnx Bros.

[Anonymous No.22017637]

>>22017568
Missed the conference it was based as fuck. Fud days are over. As soon as the replays hit YouTube watch what happens.

[Anonymous No.22017656]

>>22017637

Is this what the token does?

[Anonymous No.22017669]

>>22017568
IT PRINTS MONEY

[Anonymous No.22017676]

>>22017656
it puts the smart contract on the skin, or else it gets the vitalik nosepicking again.

[Anonymous No.22017683]

Ok so you know how when you go on google and type in “Tesla price” you get the price shown to you right? And Everyone agrees that’s the price of Tesla. because google is pulling the price data from a verified source. This is called an Oracle. Link powers the same thing for blockchains

[Anonymous No.22017688]

>>22017568
It is used to pay the node operators

[Anonymous No.22017744]

>>22017656
Watch the fucking replay idiot. Fud time is over.

[Anonymous No.22017753]

>>22017688

Thx bro, so what you're saying is that once the 4IR happens and Chainlink needs THOUSANDS OR MILLIONS of nodes that these stinky linkies are going to be what powers the whole system?? Sounds like they're gonna be real valuable right bro? Thx bro

[Anonymous No.22017756]

>>22017568
It puts the lime in the coconut

[Anonymous No.22017835]

>>22017756

This does not sound Chainlink related, how do I report this not-based post? Doesn't this thing censor people? wtf is going on I'm such a boomer AHHHHHH

[Anonymous No.22017864]

why would we spoonfeed you?

warosu.org

that's all the spoonfeeding I'm gonna do for you, rest is up to you

[Anonymous No.22017868]

>>22017568
It allows real world data to enter the blockchain via a decentralised manner, meaning blockchain technology can (and will) be used for many types of vertical industries, not even related to crypto

[Anonymous No.22018011]

>>22017753
yes

[Anonymous No.22018064]

>>22017868

You have not detailed what the token will do, broz

[Anonymous No.22018090]

>>22017568
solves the lambo problem, it's a real issue affecting many lives.

[Anonymous No.22018112]

>>22018090

An lambo?

[Anonymous No.22018122]

>>22017835
Fucking kill yourself retard

[Anonymous No.22018251]

>>22018122

someone sold their stinkies with Portnoy at $13....

[Anonymous No.22018311]

The chainlink tokens are only used in assassination contracts per Ari. The more assassinations that start happening, the richer we all become. Quite simple really.

[Anonymous No.22018348]

>>22018311
What if he decides to take out Sergey.....

[Anonymous No.22018472]

everyone's telling you to check the records because most of the quality discussions took place 2017 - 2018. it gets harder to find these nuggets in threads 2019 - today

[Anonymous No.22018538]

>>22018472
It does seem to be one of the bigger questions and FUD points, just trying to figure out what makes the token valuable, there's only what 210k wallets that own link? so probably a few hundred people were around back then.

[Anonymous No.22018555]

>>22018472
Exactly this. Biz isn’t going to have useful info. You need to dyor watch the conference it was that simple. If you’re late we’ll that’s it game is over which it will be in the next 3-4 weeks, Link is at least a 30B company I have no idea how anyone can walk away from the conference and not realize that.

[Anonymous No.22018571]

>>22017568
it turns money into more money
what is so hard to understand
are you stoooooooopid

[Anonymous No.22018622]

Ok, here is the most simple way to put it, and explain it to be people who have no idea what blockchain is:
Chainlink is able to take data from multiple sources and verify them as true/false, and feed that data into contracts that execute automatically. In does this in a completely decentralized and automated way (this is what blockchain is), so it cuts out the middleman entirely. It will make contracts more efficient, cheaper, and trustworthy. It's a huge upgrade, like going for horse drawn carriages to cars. Here is just one example of what it can do (note I copied and pasted from another early example of mine- being lazy):
A person wants flood insurance. The contract will pay if rain levels reach 20 inches in 24 hours. The policy on said insurance has traditionally been maintained in a subjective manner with a human agent (read- inaccurate, inefficient, and requiring trust). Now, a token can instead validate all data by checking multiple sources for rain levels automatically- ensuring instant, accurate, efficient, and trustless contract adherence. Costs will fall dramatically as a result.

[Anonymous No.22018649]

>>22018538
Here since day 1. I was getting affected by the fud the last 2 weeks but the conference was amazing really solidified everything it was super fucking based. Nothing is guaranteed they even admitted it but it’s the team you want and not Ari full time committed the push is happening now

[Anonymous No.22018677]

>>22017568
All you have to know is 1k EOY

[Anonymous No.22018688]

>>22018011
Check

[Anonymous No.22018723]

>>22018622
That’s a very good way of explaining it. Just sent that to my dad lol

[Anonymous No.22018731]

>>22018622
If you are reading this right now (2020) and not realizing that you need link then you should just kys or at the minimum leave this place.

[Anonymous No.22018768]

>>22018472
this. a lot of the old posters have left because desu they already made it or are on their way to making it.

>>22018555
>>22018622
>>22018677
>>22018688
checking.

[Anonymous No.22018800]

>>22018622
But does this mean that these tokens are actually worth a shit?

[Anonymous No.22018828]

>>22018800
Omg dude how new are you. What gives BTC its value? You need to go back to basics are read

[Anonymous No.22018869]

>>22018828
BTC looks like it has very basic application to me, so I don't know what gives BTC it's value other than people saying it's valuable

[Anonymous No.22018871]

One unfortunate thing that will impede link and all crypto is financial collapse if it does happen. Btc will go down when it happens just hopefully not as far as in March

[Anonymous No.22018884]

L

O

L

at this fucking thread. just goes to show you that 99% of these larping faggots don't even know wha LINK does, and they have their life savings in it. holy fuck this is gold.

[Anonymous No.22018889]

>>22018869
That’s my point. You need to read honestly that book by the Wall Street journal dude on btc is super based. Read that and you’ll understand and you’ll also get hyped af.

[Anonymous No.22018909]

>>22018884
Dude why don’t you watch the conference replay instead of acting like a fag.

[Anonymous No.22018930]

>>22018768
I've made it but I'm an eternal autist who loves this place and will always come back. Well, made it for me, maybe not others. Got into BTC at 1,200, Antshares at 5$, and Chainlink at .50 cents.

[Anonymous No.22018969]

>>22018889
hmmmm... is this based af?

[Anonymous No.22019002]

>>22018871
When currencies the world over blow up, chain will realize in that moment "I'm money now", and it'll be backed by gold.

[Anonymous No.22019036]

>>22018869
btc is a different proposition from link altogether. you have to understand the roots and creation of btc to understand why it has value.

[Anonymous No.22019046]

>>22018889
anon, do you have a link to the replay? I watched it yesterday but want to keep it for posterity.

[Anonymous No.22019082]

[Anonymous No.22019112]

>>22017568
LINK secures the transactions as collateral and pays node operators. In the near future it will also be used to purchase yachts and large houses if wanted.

[Anonymous No.22019134]

>>22019082
Based but still does not explain the value of the tokens

[Anonymous No.22019188]

>>22018909
bitch I bought Link back in 2017 when I first starting hearing people talk about it on this board. get the fuck outta my face with your bitch ass 1000 Linkies you fag

[Anonymous No.22019372]

>>22019134
i don't have the image with the long answer to that with me now, but in short the tokonomics of link work out. these questions you are having, most of the oldfags went over them thoroughly, any and almost all conceivable angles of fud have been debated and refuted. so, the lack of debate in current threads make holders look like faith-based cultists

[Anonymous No.22019462]

>>22019372
So to wrap this up, Chainlink is a world-changing, once in a millennia, based AF technology which is largely FUDded as a racist, no-utility mem coin. But in Actuality, it is going to be the lifeblood of the entire world? Nice....

[Anonymous No.22019501]

>>22017568
It makes ya rich

[Anonymous No.22019576]

>>22017676
Underrated

[Anonymous No.22019651]

>>22019372
>faith-based cultists
To be fair that's what I am and I'm still making money


I wanted to know about the cube my fren kept holding now

[Anonymous No.22019838]

the oldfags also don't spoonfeed because there are just too many crumbs. here's two ways to go forward. 1. lurk moar 2. use warosu. either way you are still filtering through tons of garbage.

[Anonymous No.22019872]

>>22017568
it makes it so that the network can poop and fart and pee pee

[Anonymous No.22019910]

>>22019838
Yes, tons of garbage is the....... DEFINITIVE TRUTH

[Anonymous No.22019971]

>>22019462
Yeahhh...

Link is the most overhyped coin hyped by the most unsophisticated investors in the world. No one understand the technology either technically or fundamentally as it relates to the real world.

There is no use for it because there's nothing it can do that encryption can't. There is no reason to insure data processes via a complex system of staking a cryptocurrency. These processes work just fine today, and the amount of them working correctly and without error or manipulation is astounding. Doesn't matter.

In case you haven't noticed it lives and breathes on hype and the people behind the hype. Probably a good 1/5 of the threads on here are chainlink related and they focus specifically on price action.

[Anonymous No.22020033]

>>22017568
Nothing of value. It's a slow PoS on an antiquated system. Flare launch is around the corner which does everything Link can do with faster transactions, lower fees, on an already established network utilized by major banks, and infinitely more scalability. Get out while you can.

[Anonymous No.22020262]

>>22019188
Scroll up fag 44,500 linkies. In since even flbwfpre your ass

[Anonymous No.22020320]

>>22019188
Oh and guess what you heard me talking about it I was one of the first shillers

[Anonymous No.22020325]

>>22017656
unironically nothing. but you know that already you cheeky monkey ;)

[Anonymous No.22020346]

>>22020320
bro you don't have to prove to me that you're a faggot....I already know you are one. it's all good

[Anonymous No.22020425]

It makes me money that's what id do mah nigga

[Anonymous No.22020534]

SHILL TO THE NORMIES NYEHHHHHH

[Anonymous No.22020553]

>>22018871
If fiat currenices collapose (via inflation) crypto will become more valuable (especially bitcoin) as you can still use it as a tradable medium.

[Anonymous No.22020576]

>>22020553
BTC is useless trash

[Anonymous No.22020601]

>>22017568
eh it solves the oracle problem I think man

[Anonymous No.22020607]

>>22018348
Sergey has a dead man’s switch to execute his own assassination contracts against Ari.

[Anonymous No.22020641]

>>22017568
They’re for Sergey to sell to buy Ari Juels intellectual property.

[Anonymous No.22020731]

>>22017568
Posted this before but Chainlink is ultimately just a scam that keeps going up because of short squeezes. And yes I'm holding as shorts are the scum of the earth

[Anonymous No.22020870]

>>22020346
A multimillionaire faggot To you, you’re in day 1 let’s see what you got, what you buy 10k? Hahahahhaha that’s poverty tier shit you should be Ashamed to not have at least 750k in link right now

[Anonymous No.22020892]

>>22018348
Then the price skyrockets bc the tokens he holds would be lost.

Hello McFly.. hello?!

[Honest reply No.22020966]

>>22017568
You guys understand that the problems of scalability and staking will only now begin to be solved?

Chainlink CANNOT scale to the insane marketcaps Sergey talked about because it is an ERC-20 token. It is built on Ethereum. It will fundamentally suffer from the same transactions/second problem that Ethereum is facing. The concept is great, but the token CANNOT work for billion-dollar markets.

And as far as staking is concerned, lol. If you actually saw the conference you can see that they will only NOW start trying to figure it out. That's what they got Ari and Chainlink Labs for.

This is a good project, but far from completion, with scalability being a problem I doubt can be surmounted. If you have 6-figures it's probably your safest bet for a x10 in the coming years. If not, you're better off betting at low mcap coins that do a x10 every week. Oldfags (<$1) with fat stacks are the only ones that have the right to gloat about LINK.

[Anonymous No.22020987]

>>22020966
poor fud

[Anonymous No.22021080]

>>22018622
Wait so why does that have to be a token then? Sounds more like a service platform or something that just operates on the blockchain.

[Anonymous No.22021115]

>>22020966

I'm osrry sirs, you mistook me for a gambler.

By no means do I intendt to gamble mines linkies away

If you were paying attention to the conference, you would have noticed that Ed Felton has mollywhopped Buterin and believes that 4,000 TPS will be attainable before the end of Q4, and the point everyone forgets because he only spoke about it and didn't put on his slide, that once side chains go live in Q1 of 2021, he believes that 40,000 TPS will be attainable.

You, sir, can go shoot Krokodil with Vitalik and cry.

[Anonymous No.22021182]

>>22020731
Post it and watch the conference. We’ll see if you’re still shorting. Fud days are over as of yesterday

[Anonymous No.22021216]

>>22021080
Omg please just read the whitepaper. It’s like saying well the car doesn’t need to drive itself tesla is just a car. Like wtf is wrong w biz no wonder WSB laps us in gains

[Anonymous No.22021316]

>>22018064
You know how bitcoin miners get paid for solving complex problems and keeping record of an immutable ledger? How Ethereum miners get paid for ensuring verified computations + what BTC does + Smart Contract functionality. Now the real problem with blockchain is being able to get real world data (off chain records) on to the blockchain. Now chainlink has developed a way to solve this problem in a secure and trustless way. In order for people to get paid for operating the chainlink network (providing real world verified data in a trustless manner) they get paid in chainlink tokens. Now you can theoretically say the token isn’t needed and anything can work. I’m not going to go in-depth, but LINK tokens have an extra functionality that allows them to transfer and call. Go look up what this does. Long story short, Chainlink node operators are BTC & ETHs version of miners. Also since Chainlink is blockchain agnostic, this doesn’t only connect legacy services, but also New Blockchains that are being developed by Major companies to Older blockchains. This is why you see every blockchain integrating Chainlink. Token go up

[Anonymous No.22021339]

>>22017637
>>22017744
>FUD TIME IS OVER
>posts like fud
th-thanks

[Anonymous No.22021371]

>>22017568
it turns faggots into tranny, 1k eoy never sell

[Anonymous No.22021386]

>>22018828
people mine it, unlike chainlink. what's your point?

[Anonymous No.22021395]

>>22017568

I tried asking to e spoonfed 3 years ago and these cunts wouldn't. Literally just "LOL BUY $1000 OF THIS RANDOM SHITCOIN CUZ MOON"

I was legitmately interested but all I could ever find out was that link mariens like to congregate near shitters at conventions.

[Anonymous No.22021413]

>>22021182
I said I was long

[Anonymous No.22021438]

>>22021386
So 200k+ people including the biggest names in crypto they just don’t get it right.

[Anonymous No.22021441]

Is 600 links enough to make it? Should I buy now?

[Anonymous No.22021472]

>>22021413
Read it wrong but still to think it’s a scam after the conference is as brainlet as it comes. We’ll crab around this level for a bit maybe even a month or so but it is going to rocket above 20 very soon

[Anonymous No.22021473]

>>22021441
How does 6 quinquadecillion sound?

[Anonymous No.22021494]

>>22020987
you can't explain why >>22020966
is incorrect. period. eth is a bottleneck outside of link's control.
it's like sergey built the most impressive racecar the world has ever seen, but instead of bringing it to a proper track, he deployed it on decrepit rural roads. and you fucks are going LOOK AT THE FUNDAMENTALS IT CAN GO SO FAST! while ignoring all the potholes.

[Anonymous No.22021545]

>>22018800
It's not really supposed to be a "currency" it's more of a token to node operators. The more tokens a node operator holds the bigger confirmations they can make.

The incentive to hold LINK in order to be a more reliable and trustworthy node is huge. Node runnners will hold. Traders will trade.

Imo something like CRO is a coin that will be implemented with business quickly as in B2B and consumers in general. Either way, LINK wasn't supposed to be an actual currency to make transactions from person to person, it's a token for completing a task. Not sure there is more use case for it outside of that. It's kind of a big deal to have a system like chainlink but it's not the best for an actual currency...

[Anonymous No.22021562]

>>22021494

Listen up, nigger. The Eth problem was literally just announced as being fixed by Ed Felton.

4,000 - 40,000 TPS stfu.

You're in this space but didn't pay attention at SmartCon? Goodbye sir.

[Anonymous No.22021582]

>>22021472
>it will get past 20
in your opinion where is the next resistance after 20? I'm thinking 30 ish from the charts

[Anonymous No.22021633]

>>22017637
shills have been copy pasting this phrase over and over, its honestly fucking pathetic.
>>22017568
reality is the conference was a nothing burguer and the token is used to pay node operators, that is, it has no use. they invented a use for this shitcoin so that they can get rich off of it. node operators could very esily be paid with any other crypto like BTC or ETH, but that way the fatty scammer wouldnt have made millions of dollars

[Anonymous No.22021650]

Look up the chainlink summary that 4chan made in 2018 and enjoy

[Anonymous No.22021809]

>>22021633
Hahah so good. FUD is done dude. People need to just watch the conference and dyor. To even think this is a scam is like still thinking tesla is a scam hahah

[Anonymous No.22021827]

>>22021809
To be honest this conference was maybe one of the biggest something burgers in crypto history

[Anonymous No.22021879]

>>22021827

You can tell who didn't pay attention. This conference will turn heads because problems are being fixed and some real big brains are being touted as working on it. The take over has commenced.

[Anonymous No.22021911]

>>22021809
keep repeating that hoping it will somehow become real.
reality is they are dumping 7 million dollars every single week and "buying" made up projects created by ari juels, who is a team member. gullible fucktards like you will never understand what they are actually doing but maybe you'll understand when the party is over and the whales pull the rug on all you deluded morons

[Anonymous No.22021967]

>>22021911
Hey, can you tell me what DECO does? Please, I'd love to hear what you believe it does.

[Anonymous No.22022029]

>>22021967
made up project to cash out another couple million dollars from the scam. registry on the website is 1 year old and its developed by literally 3 students (it also has 2 professors but they are probably only assisting the students since thats how university stuff usually works)

thats all you need to know. you'll see next year that the will buy another made up project by ari juels

[Anonymous No.22022034]

>>22021911
Haha idiot you think Deco is free? Did you listen to aris team. He was not a team member before yesterday. Cornell owned him and owned his product. You’re salty you missed out in 2017 huh. I’ve 75x’ed my $ and and sitting on 850k yep must be a scam hahahahaha hahah

[Anonymous No.22022059]

>>22022034
bitconnect went from cents to $300 or something. is that supposed to be an argument?

[Anonymous No.22022089]

>>22021650
do you possibly have a >link for that or at least know what to search for? tia

[Anonymous No.22022128]

>>22017835
faggot

[Anonymous No.22022173]

>>22022029
Lol classic biztard bullshit.

[Anonymous No.22022193]

>>22022059
Yep this is bitconnect haha

[Anonymous No.22022213]

>>22022173
yes dude these are the people who will bring the billion dollar 4th industrial revolution.
now keep on being a good bagholder cuck and let the team keep selling off their link position with uncontested sell pressure
>>22022193
its worse because the link shit token is literally worthless

[Anonymous No.22022273]

i love reading nolinker cope

[Anonymous No.22022278]

>>22018768
>a lot of the old posters have left because desu they already made it or are on their way to making it.
im still here and alot of the other link holders are still here. i just dont bother spoonfeeding because the project was discussed to death in 2017/18/19. So many link threads now are just "spoonfeed me" and will i make it with XX link?"

[Anonymous No.22022341]

>>22022213
>P-PLEASE SELL PLEASE OH GOD PLEASE LINKIES SELL LET ME IN LET ME IIINNN
No

[Anonymous No.22022395]

>>22022213

So 3 students working on their PhD, under the guidance of Ari Juels is something you scoff at? lol you're fucked my friend.

Ari discussed what DECO does yesterday. But you can just wait til Friday to see it on youtube.

We get it, you're late and trying to cope any way you can.

[Anonymous No.22022407]

>>22022213
>yes dude these are the people who will bring the billion dollar 4th industrial revolution.
Yes.

[Anonymous No.22022502]

>newbs ask nicely for link info
>linkcunts loudly refuse to hand over even a fucking copypasta of link fomo materials
You faggots deserve the dump that's about to happen to all your wealth. What a bunch of absolute retards who cant even act in basic self interst like even the dumbest jew would have figured out

[Anonymous No.22022503]

>>22021911
>team is dumping seven million dollars every single week
this has to be my favorite cope point this year. do you know what volume link pulls each day across all exchanges?

[Anonymous No.22022521]

>>22022502
lol get fucked, you are too late

[Anonymous No.22022557]

>>22022503
being this new
https://www.zerohedge.com/markets/major-korean-crypto-exchange-seized-after-99-trading-volume-allegedly-faked
no one uses crypto you fucking retard. the vast majority of volume is fake

[Anonymous No.22022566]

This is a fud thread. Stop entertaining the troll. He's been answered multiple times, but keeps asking for an answer.

[Anonymous No.22022569]

I've been hearing bout that for a while now if someone can elaborate I'd listen untill then bitcoin games has my time and commitment lol

[Anonymous No.22022617]

>>22021911
You will kill yourself in a few years.

[Anonymous No.22022634]

I legit feel sad for people fudding link on 4chan. Its all fun and games, but one gets the impression that they are genuinely seething and resentful. The average person can still afford 100 link before it hits 30. That'll be enough for a house in a few years. Its so sad they'd rather be right than happy.

[Anonymous No.22022642]

>>22022502
link doesn't need your fucking money retard, go play with the jeets in traffic looking for the next 10x like a strung out coke fiend

[Anonymous No.22022649]

>>22022566

Pretty much... lul. I own many links but still question whether the coin will maintain its value

[Anonymous No.22022719]

>>22021562
This. Eddie boy is gonna save us with arbitrum.

[Anonymous No.22022752]

>>22022719
>
Felcher* whoops

[Anonymous No.22022886]

>>22017637
Literally nothing but networking happened at smartcon. Do not listen to these retarded shills.

[Anonymous No.22022955]

>>22022886
you're an idiot. smartcon revealed that we're breaking through barriers that've been up for a couple years now, thanks to new talent.

[Anonymous No.22023077]

>>22018622
This is a classic showing most of you guys lack the ability to assess business processes completely. You honestly think a smart contract in that form would be used? Why aren't there already today contracts in insurance used like your example? Because the problem is not to get a validated data for the water height in your example, but to create the contract so that it could be functioning automatically. You basically think a programmer with a few lines of code can replace complicated contracts between businesses and customers. First false assumption you have is the challenge, it's not to have validated data, but to agree and define a smart contract between companies. You would need lawyers and negotiators. Second thing you make wrong is, you simplify. Businesses pay lawyers today not for fun, because it's not that easy. Your example is ridiculous, you think the customer contract for a water insurance mainly consists of the water height as payout criteria? Ffs, the problem would be to design that contract. These won't be a few lines of code that self execute. Again, you lack experience in business and completely misjudge applicability and complexity of smart contracts.

[Anonymous No.22023111]

OOOOOOOOOOOOOOOOOOO LINKIES

[Anonymous No.22023132]

>>22023111
OUCHIES

[Anonymous No.22023425]

>>22017756
>nostalgiad hard af @ this

To answer OP's larp:

LINK is paid to each faithfully participating reporter of true & accurate data for every legally binding self executing smart contract (bad reporters are penalized by forfeiting staked LINK); the value of these tokens must reflect the value of whatever's at stake in every smart contract -- many of these contracts will handle the secure transfer of about five billion dollars per day worth of purely financial transactions *when* about 10% of the entire derivatives market alone is handled by the Chainlink network (incidentally saving billions of dollars every month which otherwise would have been spent paying salaries et al for millions of white collar paper pushers whose entire careers are obsolesced by ChainLINK.

>t. link jesus phoneposting

>pictured: the friendly stray cat who showed up one night and now happily lives here with us rent free

[Anonymous No.22023487]

>>22023425
based.

[Anonymous No.22023610]

>>22022886
How did you find time to do networking?
It was a bit of a hellish 2 days for me as I tried to watch all the main events and there was no pause.
Truly felt like an event made by autists who don't know when to take a break.

[Anonymous No.22023655]

>>22023610
I don't think that anon actually attended. Just FUDding up a Link thread

[Anonymous No.22023680]

>>22017568
... it's got electrolytes.

[Anonymous No.22024171]

>>22017568
This will be my good deed for today, 1 spoonfeed.

The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.
2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.
3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink
So....
Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.
There is infinite amount of collateral available because the token price can rise to meet it.
Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.
Is 1000$ really possibly in say the next 3-4-5 years?

[Anonymous No.22024564]

>>22024171
>1. Chainlink nodes will be paid in LINK tokens only.
so token not needed but forcefully implemented into the scam so that the team can dump their 650 million tokens? got it
>2. LINK tokens are used as collateral value.
a shitcoin that dumps to 1 cent in 1 single day as proven in march. sounds like a recipe for success to use such asset as collateral!
>3. Decentralized networks that are home to smartcontracts will need decentralized data to execute.
so 30 something node operators hand picked by the team is decentralization to you. ok got it

[Anonymous No.22024625]

>>22024171
Unfortunately only one piece in your genius chain of logic is missing. Why should a company buy into a network with pre inflated tokens and not set up a similar network among business participants (that should be enough nodes for securing decentralization and validity). Chainlink developer's will earn lots of money in the future, because they showed what is possible, but they will do it by setting up similar networks for businesses. The tokens you bought are upfront financing of a great business idea done by enthusiasts, but you honestly think they will have an inherent worth of $15?

[Anonymous No.22024866]

>>22023425
LJ even your cat is weird looking. Do you just attract weird entities into your life? How?

[Anonymous No.22024873]

>>22024171
Thanks for the actual Helpful reply in a sea of worthless tards.
I guess to me it makes more sense for these smart contracts to get used in small-money situations. You make bet on a vdeo game and the ""oracle"" verifies who wins & pays out.
Unfortunately big money contracts will never really move to Link because it's actuall TOO unaccountable. No big banks would trust a defi network completely beyond any federal control with any real money. But fun idea none the less, and might find real use someday. I agree.

[Anonymous No.22025038]

>>22024873
This. Also believing complex business contracts can be translated into a few lines of code is ridiculous. Why would we need lawyers and negotiations today if it was so easy. Smart contracts are a meme believed by nerds lacking any form of business experience. For complex issues they are not applicable, for easy things they are not necessary, or does someone honestly believe a company like amazon would pay pre inflated tokens for simple information like tracking status of delieveries.

[Anonymous No.22025160]

>>22023425
I think that dog has autism

[Anonymous No.22025204]

>>22025038
yeah I mean our whole legal system is in place to already do this & they have real power of enforcement for any amount of money, big or small.
But yeah if Twitch or any small money vendor picks up Link, it would be an appropriate use of that technology. But your right, the really big applications are just a newb fantasy

[Anonymous No.22025379]

>>22025204
You are one of the few anons who got a differentiated opinion towards smart contracts. I really did some research and came to that conclusion. I think for small uncomplicated things they could indeed be applied, but at the same time acceptance of fees in form of tokens would be limited. Also interfaces of companies or programs already deliver similar services. What also needs to be said concerning business to customer: Lots of companies i think wouldn't even want a self executing contract with the end customer. It's calculated profit that a certain amount of reclamations or disputes on quality etc are not paid for because people shy the effort to go to a lawyer. No company would want a self executing smart contract in that case.

[Anonymous No.22025475]

>>22021809
Tesla has real cars you can buy and drive. Chainlink is just now talking about developing the network after 3 years of biz shilling the fuck out of it. >>22022034
The price per token being in the top 5 has nothing to do with the tech. Did you personally pump link from 12 cents to $20? No. It took daily shilling and speculation of less than 100 people. Its easy. Buy in early and hodl. As long as you can get the next man to pay more than you, the price will go up.

Who right now is staking link and collecting external data? Fuck the price. If its not working, eventually it will catch up and the price will drop from the sky. Bitcoin works and didnt have an ICO. It wasnt a smart contract with coins already minted from the get go like link.

[Anonymous No.22025498]

>>22025379
I would still think the upside is massive though.

[Anonymous No.22025522]

>>22024564
>>22024625
>>22025038
kek

>>22024873
>what is definitive truth

[Anonymous No.22025579]

>>22025475
You are supposed to drive Teslas?
I finally understand why they usually run into other cars and walls!

[Anonymous No.22025595]

>>22025475
Bitcoin is worthless without the other layers, literally worthless. It is inflexible and doesn't do shit but prove you have a bitcoin.

[Anonymous No.22025725]

>>22017568
it solves the lambo problem

[Anonymous No.22025767]

>>22024564
Decentralization only applies technically not socially. Satoshi didnt hand pick miners, anyone was able to start mining. Bitcoin mining is the more hashes you contribute to solving the nonce, the higher the reward in bitcoins you earn for solving it.

Preselection of node operators on Chainlink proves Link is a centralized company similar to nchain, Blockstream, and any other cryptocurrency project with developers. The Bitcoin software alone is decentralized. Link is not when Ethereum founders also premined ETH.

[Anonymous No.22025895]

>>22025595
It wasnt worthless before Ethereum showed up. It worked as it was intended to. It was blockstream devs that wouldnt raise the block size limit that has kept the network from being used as p2p cash. Pure decentralization is trustless.

[Anonymous No.22025896]

>>22017683
Basically, they should be free to use, and will be. Smart contracts can just look up the price on the exp date, paying a bunch of money to hold onto a token that fluctuates in valu only to spend it to have people send you things they google is basically what chainlink does. There’s a reason no company has gone and copied the open source code and made one that works with any token, because oracles like this arent even needed

[Anonymous No.22026086]

>>22025498
How? Did you calculate what would be a fair price? There is no price tag you could predict, it's pure speculation. Apart from that it's questionable companies wouldn't use a similar mainnet but no the one you bought tokens from.

[Anonymous No.22026125]

>>22025595
Btc is a different level. It's considered as wealth storage today. Technical features and usability are secondary.

[Anonymous No.22026151]

>>22025522
>kek
stands for a lack of arguments?

[Anonymous No.22026293]

>>22026125
Bitcoin kicked off everything blockchain. Its more digital gold than electronic cash. Its not exactly a currency because those stable. But, it works as a store of value and is borderless. Its not governed by people, but math. You can say its been regulated by centralized exchanges, but you can use the software, download the blockchain, and mine if you setup the equipment. No middleman.

[Anonymous No.22026313]

>>22017568
>SPOONFEED ME
No.

[Anonymous No.22026365]

>>22017568
the token is for hodling so you can buy a lambo

[Anonymous No.22026505]

>>22026365
How long is crypto just going to be speculating on the price of these tokens? Thats not solving anything. Its basically a 24/7 casino and nothing else. Just admit youre riding the blockchain wave to get rich and thats it. Hey, lets create solutions for problems that dont exist. What happened to the 100 coins that used to be shilled on biz? They run out of ICO money?

[Anonymous No.22026923]

>>22026293
>>>22026125
> Its not governed by people, but math.


https://www.blockchain.com/charts/pools

[Anonymous No.22026957]

>>22024625
>Why should a company buy into a network with pre inflated tokens
the price of the token doesnt matter. $1000 of LINK as collateral is $1000 whether the price of the token happen to be $0.20 or $20
>set up a similar network among business participants
This would be lke a company setting up its own email rather than using microsoft outlook. What if they need to communicate with other businesses? Thiss will be the case with pretty much every smartcontract.

[Anonymous No.22027229]

>>22025767
Anyone can be a node operator you cuck. There's (fairly) simple instructions on the website. Stay Poor Shitstain

[Anonymous No.22027429]

>>22017568
uniswap bro

[Anonymous No.22027566]

>>22026957
Ok, i take my time for you:
>first part of your answer shows you don't know at all if the price tag would be justified. Proved my point that it's pure speculation and no mechanism ensures a link token to have any final value.
>second part is funny, you think microsoft outlook is "the email network"? Are you aware you can indeed send mails from outlook to gmail? What you mean is the internet in general and the standardized rfc5322 which is the email protocoll. But these are protocol standards and not networks owned by entities.

[Anonymous No.22027616]

>>22017568
Here you go OP:
https://youtu.be/93jjlACighU

[Anonymous No.22027769]

>>22017568
it's a scam shitcoin that gives bad centralized pricing data that linkies are convinced people will need to used despite nobody using it and many viable alternatives existing.

[Anonymous No.22028307]

>>22027769
I'm sorry are you not noticing the DeFi boom? Have you not noticed the slew of tech that is using or preparing to integrate chainlink?

Go away

[Anonymous No.22028474]

>>22022557
So the vast majority of the dumps are fake?

[Anonymous No.22028532]

>>22017835
Smh desu senpai

[Anonymous No.22028618]

>>22018649
are you one of the fellow 48k link anons? there's only 15 others