[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 94 KB, 800x714, chainlink VRF2 token needed gas premium.png [View same] [iqdb] [saucenao] [google]
49340565 No.49340565 [Reply] [Original]

>> No.49340576
File: 106 KB, 650x335, chainlink vrf 2021.png [View same] [iqdb] [saucenao] [google]
49340576

... ACK

>> No.49340577

ded

>> No.49340579

>>49340565
It literally isn't though. One call from the SEC or a conglomerate of powerful companies and Sergey just inserts USDC or another stablecoin for LINK. And it would work as good, maybe even better because of less volatility and less swapping

>> No.49340580
File: 166 KB, 680x566, 1632305666401.jpg [View same] [iqdb] [saucenao] [google]
49340580

>>49340565
>>49340576
FUCK YOU BLOODY BITCH FUKER
NOT NEEEDED
NOT NEEEEEDED

>> No.49340589

>>49340576
the fee on polygon is 0.0001 link. 2.5 million vrf calls = 250 link
>>49340579
no

>> No.49340630
File: 42 KB, 335x270, 1516746504616.jpg [View same] [iqdb] [saucenao] [google]
49340630

>>49340589
>the fee on polygon is 0.0001 link. 2.5 million vrf calls = 250 link
we will be lucky to get 3%

>> No.49340636

>>49340579
Wait a minute. But that means all tokens aren't needed?

Why do we need Eth when we can use usdc?

>> No.49340646

>>49340630
kek. there will be other more lucrative jobs. i also think these vrf numbers are a speck next to the mountain they will eventually be

>> No.49340655

>>49340636
We don't

>> No.49340686

>>49340655
no one would want to use usdc-chain, completely centralized with awful tokenomics and implicitly terrible security

>> No.49340689

>>49340565
How was your bull run kids?
Did you enjoyed your hard earned gains?

>> No.49340693

>>49340655
Brainlet or pajeet.

>> No.49340703

>>49340589
>>49340630
>the fee on polygon is 0.0001 link
No, it's literally five times more than that.

And that's just the flat-fee premium; you're forgetting about the gas fees, which are also paid in Link.
And then there are all the other chains that are used way more than Polygon.

>> No.49340711

>>49340579
Stablecoins add another level of complexity (often themselves needing oracles).
It's a retarded idea.

Not to mention the fact that governments and institutions absolutely loathe stablecoins.

>> No.49340740

>>49340579
I guess absolutely nothing is need them. Goldbugs are going to rope when they find out the SEC has a phone.

>> No.49340827

Now do one for price feeds, which is 95% of link's use case currently

>> No.49340831

>>49340565
Delet this

>> No.49340839

>>49340646
>eventually
>2 more weeks
>coperino
>u will eat ze bugz

>> No.49340850

>>49340839
>why doesn't it just instantly happen ToT T_________T

>> No.49340858
File: 191 KB, 2072x896, 1654246930410.png [View same] [iqdb] [saucenao] [google]
49340858

>>49340827
The price feeds are paid in Link as well.

>> No.49341046

>>49340827
>>49340858
Rekt

>> No.49341282
File: 503 KB, 1080x2191, Screenshot_20220603-202433_AscendEX.jpg [View same] [iqdb] [saucenao] [google]
49341282

Linkies remain stinky

>> No.49341493

>>49340858
That's subsidy for the node operators, not a price feed consumer paying for the data with link tokens.
Not sure if you're being deliberately dishonest or just stupid

>> No.49341564

>>49341493
>That's subsidy for the node operators
No, that's the payment to the node operators from the contract operator.

Many of these feeds are self-sustaining from dapp fees alone.

>> No.49341920

>>49341564
You are conveniently moving the goal post: in OP the link token is actually needed by the smart contract consumer.
I tell you to do the same for price feeds, which you fail to do since we both realise the end user isn't paying for consuming price data, the "sponsors" are.
We have no idea how these "sponsor" deals work since they are done off chain with the Serg.

>> No.49341942

>>49341920
>in OP the link token is actually needed by the smart contract consumer.
The end user, yes.

But the goalpost was "token being needed".
Whether it's needed by the end user or an intermediary (Defi protocol) is irrelevant.
Also, it's needed by both.

You're wrong and retarded on so many levels lol

>> No.49342027

>>49341942
You're wrong and just a plain old nigger.
The entire point is for the token to produce scalable revenue. If I spin up gorillion new smart contracts that read price feeds gorillion times a day, that doesn't translate to higher revenue for the node operators nor the token needed more.
Saged

>> No.49342062

>>49342027
>token not needed!
*gets proven wrong*
>akschually the entire point is for the token to [insert buzzwords here]!

Look at those goalposts fly.
The token is literally needed right now, both by end users and intermediary protocols like Defi.

>scalable revenue
The more people use Chainlink, the more nodes earn. Scalable revenue.

>> No.49342085

>>49340636
>need eth
Wait until you find out eth is just a scam to funnel arbitrary gas fees to an autistic money skeleton.

>> No.49342159

>>49340636
>>49340740
Kek, exactly. The fud is getting weaker. Seriously starts to feel like LINK is gearing up for yet another bear market run.

>> No.49342379

>>49342027
>>49342062
Rekt again

>> No.49342425

thanks, need something to shit on the Tellor guys with and their shit random number. They we're on that chris blec call saying no one would pay to use the rng

>> No.49342458

>>49342425
>saying no one would pay to use the rng
lel people have been paying to use VRF for two years now.

>> No.49342894

>>49342027
Kek
Is this guy going to start making 40 posts or what?

>> No.49342904

>>49342027
Holy shit you need to come back to LINK FUD school. We have new courses developed for brainlets like yourself

>> No.49343265

>>49340689
You hold link

>> No.49343298
File: 151 KB, 918x831, 962ECF3B-2FA9-4ECE-A547-B29673C9AF31.jpg [View same] [iqdb] [saucenao] [google]
49343298

Anyone getting some amazon vibes out of this?

>> No.49343447

What is link needed for that can't be done for cheap and x100 faster with aws?

>> No.49343465

>>49343447
Idk ask aws. They use link

>> No.49343689

>>49343465
Amazon doesn't use chainlink. It sells compute services to chainlink node operators. Aws sells compute to everyone, amazon just allowed nodes to run on their servers if you pay them for the compute time. It's like me buying a ibm computer and claiming ibm works on my projects now.

>> No.49343753

>>49343689
You know all this, but you don't know the difference between cloud and blockchain lmao

>> No.49343764

I just picked up the new iphone, heh Tim Cook is working for me now. *Adds apple logo to my dick pill website* see we're partners.

>> No.49343785

Chainlink is dumping. No one wants to buy your trash token! You are a joke top kek!

>> No.49343865

>>49343753
For the end user the difference means nothing but slower services and higher costs. What does chainlink do better? Nothing and the price is showing that. Get ready for 0.000000000001 link, because the only way they can beat aws is being insanely cheap while being slow and clunky.

>> No.49344259
File: 29 KB, 334x506, 7DE8542E-551D-4015-AF35-83E56361B4DD.jpg [View same] [iqdb] [saucenao] [google]
49344259

One more week

>> No.49344350

>>49340858
>$4.33

>> No.49344352

>two more weeks minus 7 days

>> No.49344372

>>49342159
you guys are so dumb it's not even funny anymore

>> No.49344764

>>49343465
AWS doesn't use chainlink. They provide a template of deployment of AWS services for anyone to spin up a chainlink node.
AWS doesn't consume any chainlink services (and by extension the token) so it completely misleading and factually incorrect to say 'they use link'

>> No.49344789

>>49343764
This was fud in 2017
The price is 30x since then, please update .

>> No.49345362

>>49343865
>blockchain is slow and costs more than cloud
>therefore Chainlink sucks

Wow you did it anon, you fudded Chainlink.
And all it took was to fud literally all of crypto.

>> No.49345556

>>49344764
captain autism is on the case, guys

>> No.49346026

There’s a lot of people who are simply not smart enough to understand what Chainlink is. I cannot wait for the realisation to hit home.

>> No.49346167

>>49343298
Amazon crashed hard after 2000 peak, Chainlink will also still a 90% retrace until bottom of the bear. Chainlink to $0.60. Cope, seethe and dial8

>> No.49346185

>>49345556
>AWS uses link guys, why isn't it pumping?!

>> No.49346202

>>49345362
kek

>> No.49346814

>>49340579
Minus every employee at link labs is paid in link and would get absolutely shafted. This is the worst fud lol.

If you retards were smart enough you’d at least be able to interview there and find this shit out for yourself.

>> No.49346839

>>49346185
Now do Associated Press, Accuweather, Deutsche Telekom, etc.