/biz/ - Business & Finance

[Anonymous No.24498701]

$230 per link would mean a market cap of 88 Billion, right? Same as Volkswagen's. Honest question: how can a decentralised oracle on the blockchain be valued the same as the world's 2nd largest car manufacturer?

[Anonymous No.24498730]

>>24498701
How can you have literally no idea what market cap is?

[Anonymous No.24498793]

>>24498701

Its just "painting the tape". Last trade price multiplied by number of tokens in public hands. It can be manipulated easily by exhausting sell pressure. Its psychological warfare against sellers.

[Anonymous No.24499027]

>>24498701
what's Toyota's marketcap?

[Anonymous No.24499071]

>>24499027
>188 Billion
so this is what Vitalik meant

[Anonymous No.24499079]

>>24498701
DeFi = $1.6 quadrillion market

[Anonymous No.24499120]

>>24498701

[Anonymous No.24499473]

>>24498701

[Anonymous No.24499669]

>>24499473
Bullish

[Anonymous No.24499699]

>>24498701
>88 Billion, right? Same as Volkswagen's
how the fuck is that shit valued so high? that cant be right

[Anonymous No.24499817]

>>24498701
>metal box that moves fast
vs
>access to automated asset contracts

we are entering the digital age anon
grow up

[Anonymous No.24499838]

>>24498701
If you don't have 100k LINK you won't get crazy wealthy with it. Tomochain is the next best play.

[Anonymous No.24499870]

>>24499838
Wow you're retarded. Like holy shit.

[Anonymous No.24499990]

>>24498701
Volkswagen? You mean the company that got outed for cheating on diesel emissions tests by a bunch of retarded undergrad students and had to pay multibillion dollar fines to American and European regulators?

No way chainlink could EVER in history approach the marketcap of a company like that. Impossible. Better sell all your LINK!

[Anonymous No.24500014]

>>24499120
Based

[Anonymous No.24500110]

>>24499838
shoo shoo pajeet/boris

[Anonymous No.24500780]

>>24499473
we really are going to be the richest people on earth

[Anonymous No.24500931]

>>24499699
VW owns everything, not just volkswagen cars

[Anonymous No.24501095]

>>24499473
sergey dumping 700k a day is bullish

[Anonymous No.24501126]

>>24499473
very nice, i might buy more of this thing heh

[Anonymous No.24501971]

>>24498701
when crypto starts to topple the other systems

[Anonymous No.24502059]

>>24499473
The funny thing is the entire derivative market is fake money. Can't wait until DeFi stings into that bubble and it all collapses into DeFi and the jew scammers all get BTFO

[Anonymous No.24502157]

>>24498701
Oracles are useful, cars are not

[Anonymous No.24502174]

>>24502059
It can only collapse if people dont see it coming.

[Anonymous No.24502404]

>>24501095
supply goes up yet price stays the same or goes up. You cant be this stupid to thinks that is bearish.

[Anonymous No.24502702]

>>24499473
Sheeit, the Bond Market is another $100B. If just 5% capital left all markets for crypto BTC alone would ~135x if it maintained its market share. LINK would do what, a 6x just off of that?

[Anonymous No.24503266]

>>24499473
This image makes me rock hard every time I see it.

[Anonymous No.24503925]

It can't, flip your link invest into DEXG under 2M market cap and the biggest irony of all biz, Biz's next coin doesn't need price oracles to set an asset price on chain.

[Anonymous No.24504726]

>>24502157
Urbanite detected. You will never know true freedom.

[Anonymous No.24504744]

>>24498701
market cap is a meme metric for crypto, anon

[Anonymous No.24504794]

>>24503925
based dexg poster

[Anonymous No.24504863]

I don't understand comparing crypto market caps to companies

[Anonymous No.24505672]

>>24498701
>>24499473
Okay i just realized a serious problem. Imagine your $100 of crypto is worth $50 million in the future. Why would anyone rich and powerful feel safe knowing their entire worth is only protected by a private key? If its ever leaked theyre fucked. With a bank, that kind of risk is not even thought about

[Anonymous No.24505718]

>>24505672
dont keep 50 bil in crypto
buy land, properties, gold, 10/10 gf ect.

[Anonymous No.24506038]

>>24498701
how can tesla a company which produces a 1/100th of the cars VW makes have a marketcap 8x VW?

[Anonymous No.24506524]

>>24498701
value is determined by how much users you can serve

VW have to manufacture and sell an overpriced car to product value and serve someone

Chainlinks oracle network can serve anyone with a single click or signature across the entire globe

Stop thinking about income/revenue and start thinking about value and scale

[Anonymous No.24506630]

>>24505718
if everyone do this, then
>>24499473
will never happen as people just move money from crypto to other markets always

[Anonymous No.24506695]

>>24498701
Pretty sure that TSLA already produces less value than a dog shit and its still worth half a trillion dollars. So who knows.

[Anonymous No.24506796]

>>24502404

Sergey dumping is bearish anon. And he has loads more to dump. It is the only thing that really worries me. They have been dumping a lot lately. It might eventually exhaust buyers and we dump. On the other hand I suspect sergey needs the money for hiring more developers to make chainlink better, so I geuss its fine.
Dumping tokens is the only income for chainlink and if they want to hire loads of more expensive developers and acquire more companies with oracle related tech they need the extra cash. But still, it remains bearish. How much is enough Sergey, how much?

[Anonymous No.24507103]

>>24499473
>drops credit card on ground

[Anonymous No.24507163]

How can one car company be worth more than the next ten combined?

[Anonymous No.24507169]

>>24499120
where is this from?