The Chainlink Window

[Anonymous No.23343184]

Does anyone else feel like Chainlink will be the last opportunity of its kind?
I know that people thought Bitcoin was one of a kind, then thought that Ethereum was the last big opportunity, but with Chainlink there are two separate, major factors that lead me to believe that we will never have an opportunity like Chainlink again.

The first is the nature of the Chainlink product itself. There are only a limited number of "base level protocols" that a mature smart contract economy will use. The need for consistent standards and the monopolistic first mover effect means that, generally, a single incumbent represents the vast majority of the value at any part of the stack.
On top of this, Chainlink exists at a very specific intersection between both being a fundamental tool that nearly everything else will use, AND having a very strong value driver for the native token. More base level structural tools will come into being (decentralised identity is a big one), but whether they will have a native token and whether the native token will actually have a strong economic case to accrue value, is much less clear.
Also, as Chainlink sucks in more and more tools (VRF, front running, TLS access, enclaves, tsigs, etc) there is less room for a diverse ecosystem of competing products that represent these tools. This may actually be BAD for crypto overall, as generally monopolies aren't the best way to achieve results, but it's very good for LINKies.
The more of an "everything L2 protocol" that Chainlink becomes, the less it is likely that there will be more fundamental protocols to get into at the ground floor.

[Anonymous No.23343192]

>>23343184

The second factor is the changing nature of crypto investment. The growing legitimacy of crypto is changing the rules about how easy it is for retail investors to get on board major projects in the very early stages. It has been telling that many of the highest funded, most conspicuous "ETH killer" projects of the last 6 months have intense VC backing. No more ICO mania, now the best you can hope for is to get in at the same time or slightly worse than the VCs. As one anon commented the other day "VCs won't let Chainlink happen again".
This, coupled with an increasingly protectionist regulatory environment, and it's conceivable that, by the time the smart contract stack hits maturity, it will be subject to the exact same "approved investor" rules that exist in traditional markets for the sole purpose of keeping retail investors away from opportunities. Just look at the internet as an example of how regulators dismember and consume technology for their own ends. Also consider that Chainlink launched at a $100m market cap while something like DOT launches at $4B.

When considering whether another Chainlink-tier opportunity will arise, I think any new contender would have to pass all the following questions: 1) Is it a base level piece of infrastructure that will be nearly universally used, 2) does it have a native token that has a strong value proposition on its own, 3) is it launching at a market cap that gives ample room for growth, 4) do we as retail investors have good access to it?
I think as crypto matures and regulations tighten, it will be very unlikely to see another opportunity emerge that answers "Yes" to those questions to anything like the same extent that Chainlink does. Thoughts?

[Anonymous No.23343376]

It's Happening.

[Anonymous No.23343472]

>>23343184
No, you are missing the next big thing. Quantum computer powered AI economic management. There wont be rich people and poor people. We will all be resources for a robot overlord. They've been predicting this shit since the computer was invented, its not even a new idea.

[Anonymous No.23344085]

>>23343184
I think you're right.

[Anonymous No.23344152]

Good things come in 3’s. Chainlink completes the holy trinity of blockchain tech. We’ve got the last piece of the puzzle necessary to start the Cambrian explosion (you’ve already started to see it). The next projects to come out and become successful will be more akin to picking the right stocks back in Buffet’s heydays. Wealthy LINKies will be better served investing in other markets (nuclear energy, emerging markets, space industry, AI, and unironically sex robots and marijuana). Link completes the building blocks to begin 4IR. There will be other 4IR investments but probably nothing new in crypto will be as fundamental as BTC ETH and LINK

[Anonymous No.23344356]

>>23343184
there are always opportunities for those who make it a goal to find them

[Anonymous No.23344679]

Finally someone with a brain makes a comment. I think youre spot on with your analysis. Chainlink is so important because it serves as an inextricable component to making ethereum run, and, as everone already knows, Chainlink competition is nonexistent. It's as simiple as this: Ethereum ---> Chainlink. No decentralized software platform -----> No Chainlink. To bet on Chainlink is to bet on the entire cryptosphere. There is no surer bet (aside from perhaps BTC)

[Anonymous No.23345208]

>>23344679
Big brained anons get it. Refreshing to see actually intelligent anons on here for once. Congrats on this, seriously

[Anonymous No.23345263]

For those with iron hands, even a 100 linklet stack will be a make it stack

[Anonymous No.23345411]

Great thread chaps. A pleasure to read. Beats the pants off that asshole next door telling us we're all going to die and should be more scared of the fucking flu

[Anonymous No.23345427]

Do you anons honestly believe Chainlink can hit and consolidate at 4 digits within the next 5 years?

[Anonymous No.23345436]

>>23345427
Easy

[Anonymous No.23345574]

>>23345427
100%.
Imagine you're a company and your boomer CEO has seen that smart contracts are taking off, and you recognise the value in automating half of your accounting department (as well as all the other benefits).
You look at the technology stack available to facilitate that and you have whichever L1 has won out, then you have this super toolkit of Chainlink oracles which can:
>connect easily to your existing legacy systems through adaptors
>trustlessly feed data to your smart contracts
>produce cryptographically guaranteed randomness functions
>compute complex logic in secure enclaves and provide attestations and proofs that the computation was done fairly
>pull data from TLS secured bank accounts without compromising the privacy or security of those accounts
>etc etc
and do this all extremely cheaply and quickly, as it will all be getting pushed through a permissioned L2 like Arbitrum, or whatever L2 scaling solution has won.

By the time the business world is past the early "toes in the water "stage, and the tech is proven and they are really starting to pile on (like they did with SaaS, check the adoption curve of that technology and smart contracts will be the same) then this entire toolkit will be there in front of them.
It will be a case of "Oh, your ready to implement smart contracts? Here's an extremely versatile and feature rich toolkit that PLUGS INTO YOUR EXISTING SYSTEMS and automates away most of the gruntwork of moving, storing and exchanging value.

And Chainlink, powered by the Chainlink token, is the backbone of this entire enterprise. It's happening and we are all very, very early.

[Anonymous No.23345614]

>>23345427
Pump to 20 has shown us that we can easily breach 1k on hype but once v1.0 and onwards with staking is released the sell pressure for LINK will almost disappear meaning the hype will drive the price up but people won’t sell due to staking rewards. Virtuous cycles anon...

[Anonymous No.23345804]

>>23345574
So on this model can you predict a price for the token. So this whole system remains affordable

[Anonymous No.23345823]

You are right OP, I remember reading about smart contracts and the oracle back in 2012, they’ve been working a long time. There can only be one.

[Anonymous No.23345845]

>>23345804
price of services will be denominated in fiat, and payment will be handled according to service agreements

[Anonymous No.23345851]

>>23345804
18 decimal places. cost low, demand very high

[Anonymous No.23345852]

>>23345804
The question doesn't make any sense. It's like asking "How much is a Bitcoin worth". The answer is constantly changing, constantly affected by market and external forces and different every day.
The Chainlink token has 18 decimal places which means each token would have to be a quintillion dollars (10^18 and millions of times more dollars than there is on the planet) before the smallest denomination was worth $1. The price of a Chainlink token will never have any impact on its affordability.

[Anonymous No.23346028]

>>23345804
18 decimal places. People won't know that they're using Chainlink, like they don't know they're using TCP/IP today.

[Anonymous No.23346087]

[Anonymous No.23346154]

i keep hearing that chainlink solved problems that oracle was having. can someone elaborate on this?

[Anonymous No.23346210]

ITT: people who think that tech companies aren't already looking into blockchain and oracle technology themselves.

An oracle based system can work regardless of price as well. You will find tons of companies offering cheap alternatives to Link.

[Anonymous No.23346256]

>>23346210

should i sell my ORCL stock?

[Anonymous No.23346259]

There will always be opportunities but many of them require hard work. This is money that can be used to make more money, an idea as old as time but will this be the pinnacle?

[Anonymous No.23346267]

>>23346210
this, tesla is making their own bitcoin as we speak, chainsink btfo

[Anonymous No.23346350]

What about quant?

[Anonymous No.23346417]

>>23343192
I mean, you’re right that we won’t see anything like LINK again, a foundational piece of the stack that captures an enormous amount of value. But you’re not thinking about the things it is unlocking that we’re never possible before. Traditional enterprise use cases on the blockchain will be peanuts compared to the new organizations built natively on the new infrastructure. We’re talking organizations on the scale of large public corporations that don’t have any of the overhead a legacy company deals with. Might not hire a single employee, but is able to bring in billions of annual revenue that is basically pure profit. You saw the tip of the iceberg in the past few months with the DeFi craze. We’re not done, that was round 1 of a fucking tidal wave coming in. This is all allowed to blossom because chainlink, and its all going to pop off faster than you’ll be prepared for so better get your ducks in a row

[Anonymous No.23346474]

>>23346417
Oh for sure, the "real bullrun" is the construction of massive new products on the mature smart contract stack. Don't get me wrong, there is still a vast amount of money to be made, it's a global industrial revolution after all.
But I'd make a distinction between even the biggest smart contract company and Chainlink, with one being facebook/Uber and the other one being monetised http or TCP/IP

[Anonymous No.23346517]

I miss these types of threads that were almost daily in 2018/2019

[Anonymous No.23346576]

>>23346517
It’s all we had. Times were tough back then.