/biz/ - Business & Finance

[Anonymous No.49423474]

What are the chances of Sergey subsidizing Staking Rewards? I mean Higher rewards would incentivise more users to stake and further secure the network.

[Anonymous No.49423491]

>welfare for neets
he owe me something

[Anonymous No.49423576]

i think the team owe me a lil sumtin sumtin

[Anonymous No.49423667]

>>49423474
He's already doing it. Most PoS L1s are also doing it at the moment. It'll be a comfy hold

[Anonymous No.49423764]

>>49423667
we are unironically going to be so fucking rich

[Anonymous No.49424106]

>>49423474
There are no "staking rewards", you just get more and bigger jobs if you stake.

[Anonymous No.49424163]

>>49424106
This is something 99% don't realise, there are no staking rewards, you only contribute to to bettering the network. It is deemed a sacrifice, price may go up, may also go down but there are no "passive gains".

[Anonymous No.49424180]

>>49424163
>It is deemed a sacrifice
No, it's literally collateral for making sure you handle the data correctly.
Without it, shit like smart securities will not be possible.

[Anonymous No.49424215]

S E R G A Y
B E T R A Y

[Anonymous No.49424219]

>>49424180
Collateral is the same as sacrifice, it just sounds fancier and thus was adopted by the community as a coping strategy. You will be contributing to the system but expecting rewards back as a result? Tell me where that is stated.

[Anonymous No.49424229]

>>49424219
Sacrifice implies you're willingly parting with the collateral.

[Anonymous No.49424234]

Me fink Chainwink owe me a wiw sumfink

[Anonymous No.49424255]

>>49424219
>What is a virtuous cycle
This is some retarded as fuck fud, friend.

[Anonymous No.49424256]

>>49423474
>>49423491
>>49423576
>>49423667
>>49423764
>>49424106
>>49424163
>>49424180
>>49424215
>>49424219
>>49424229
>>49424234
THE TEAM OWE YOU NIGGERS NOTHING

[Anonymous No.49424301]

>>49424255
Sure, writings on the wall.

[Anonymous No.49424344]

>>49424163
yes, people are this stupid
also i imagine that there will be a usd "front end" to account for link volatility in time

[Anonymous No.49424371]

>>49424301
You stake Link in nodes. The node spits out more Link as job rewards.
>HURR DURR IT'S NOT REWARDS, YOU'RE MAKING A SACRIFICE!
Absolutely coping and seething.

[Anonymous No.49424396]

>>49424371
How is that collateralized?

[Anonymous No.49424446]

>>49424371
90% sure I'm being trolled right now, if so good b8 m8 but if not, where does that 'rewarded' link come from? The magical link tree? There are no rewards imbecile, you will sacrifice and be happy.

[Anonymous No.49424468]

>>49424446
>sacrifice
Stop being this retarded

[Anonymous No.49424568]

>>49424446
Users have to buy Link to use the network. If there is a scarcity of Link on the market to buy, this drives the price of Link up and up until someone sells. If the unit cost of Link gets higher, the rewards in Link will drop to reflect that. Self balancing system. If you can't understand, I'm really sorry.

[Anonymous No.49424616]

>>49424446
You say I'm trolling but you don't have even the most basic knowledge of how the network works.
Yes, Link comes from the magical Link tree, and all the Linkies will sit under the tree and Link will fall on them from the tree and they will be happy and do the stinky linky dance.
Fucking retard.

[Anonymous No.49424906]

>>49424468
>>49424568
>>49424616
Thank you for educating me, truth is I like link but don't know much about it so I'm going to just buy more. Do you think staking will be 3%?

[Anonymous No.49424965]

>>49423474
>What are the chances of Sergey subsidizing Staking Rewards?
0%
the only ones he subsidizes are the 300k/year hr roasties that he is still hiring

[Anonymous No.49424993]

>>49424906
I have no idea what staking will be. I think it'll probably be disappointing initially, as will the pump on the release of staking. Chainlink, as a network, is about inexorable growth, and that has been demonstrably true so far. Sergey's ethos has always been to become indispensable and to capitalise once that indispensability is attained, and in this I am convinced that all the right moves are being made. DEFI doesn't work without Chainlink. How long will it be until we begin to see TRADFI no longer work (competitively) without Chainlink. Once that that happens, in even the tiniest part, the price of Link will appreciate so that even staking only 100 Link at 1% apy will grant that person a comfortable life. We won't be there for a long time but that is what I am waiting for. Whatever happens between now and then is not something I concern myself with.
If you want to know more about how Link works in a basic sense this article sums it up fairly well.
https://www.kaleido.io/blockchain-blog/how-chainlink-works-under-the-covers

[Anonymous No.49425082]

>50 million revenue
>same as fucking Ethereum Name Services (rank 135)

[Anonymous No.49425091]

>>49424993
Thanks man sorry for the grief earlier I was in a funny place

[Anonymous No.49425098]

>>49424256
You hold link

[Anonymous No.49425115]

>>49425082
Chainlink secures $40 billion yet only costs 50 million.
Talk about efficiency.

And that's before staking, pepper your angus.

[Anonymous No.49425211]

>>49425115
$1 securing $40 billion would be super efficient. but why would anyone stake the token? ethereum is expected to have 10% apy

[Anonymous No.49425325]

>>49425211
>why would anyone stake the token?
To allow for things like smart securities. You derp.
The current model is great for Defi, but Chainlink's security needs an exponential boost to enter the big leagues.

[Anonymous No.49425370]

>>49425325
why would i stake the token if ethereum offers greater apy? this doesn't make any sense

[Anonymous No.49425390]

>>49425370
>if ethereum offers greater apy

Right now zero (0) Link tokens are staked, yet nodes are already profitable.
Current Chainlink apy is mathematically infinite.

[Anonymous No.49425447]

blah blah blah fucking blah blah.
stfu all crypto blah blah

[Anonymous No.49425643]

>>49425390
nodes can earn $0.001 yearly and "be profitable"

[Anonymous No.49425671]

>>49425643
Even $0.001 yearly is infinite APY if literally zero is staked to obtain it.

[Anonymous No.49425829]

>>49425671
staking will not increase network usage. cope

[Anonymous No.49425904]

>>49425829
Things like smart securities and neet nodes aren't possible without staking.
Of fucking course staking will increase network usage.

[Anonymous No.49425996]

>>49425904
neet nodes won't increase network usage
>smart securities
any proofs of this?

[Anonymous No.49426017]

Wait, what is the 350M wallet for? Is node incentives not a bonus rewards for stacking?

[Anonymous No.49426577]

>>49425996
>neet nodes won't increase network usage
Neet nodes are network participants, their involvement IS network usage.

>>smart securities
>any proofs of this?
Swift for instance has been working with Chainlink on smart securities since 2017 lmao

[Anonymous No.49426750]

>>49424256
Sheeeit. Dat Sergay be owin me free link ma nigga

[Anonymous No.49426785]

>THE SACRIFICE FUD
just when you thought you'd seen everything

[Anonymous No.49427169]

>>49426017
Big Macs

[Anonymous No.49427633]

>>49426785
trannies out at full force, what will we ever do but sell the generational accumulation zone?

captcha: SGNR4, the serg knows and supports us, keep stacking linkies

[Anonymous No.49427705]

>>49424371
>You stake Link in nodes. The node spits out more Link as job rewards.
If the node doesn't get jobs, then you're not getting shit as a staker. If the node doesn't perform the job to the specification of the developers, you're gonna lose your tokens.

This isn't a push Link in and get Link APY back kind of deal.

[Anonymous No.49428018]

>>49427633
never in my life have i seen people being so desperate to make me sell

[Anonymous No.49428125]

I can’t stop ruminating over how much sergey and the team owe me. When will we receive what we are rightfully owed