How much value could SWIFT really provide?

[Anonymous No.53568754]

I'm sure we've all seen that one pic from years ago, showing the planet earth and with a bunch of text that describes how much money flows through SWIFT, and how Chainlink could absorb that value.

However, is the relevant figure really how much money flows through SWIFT? Wouldn't we rather need to know how much money is currently spent on clearing houses?

For example, if SWIFT transacts $1 quadrillion of value every year, people on here would say that the Chainlink network would need to have the same market cap in order to be secure. However, if SWIFT only spends $1 billion a year on clearing houses, then how could node operators ever make a decent return on their stake, since $1 billion is such a small fraction of $1 quadrillion?

[Anonymous No.53568782]

>>53568754
Token not needed checkem

[Anonymous No.53568791]

>>53568754
SLS means that the Chainlink network can have orders of magnitude less value collateralised than the total value it is securing.
That doesn’t change the fact that chain will be the base layer for all global value exchange and it’s a paid service with all value flowing to LINK.
I imagine we’ll get up to about $400,000 per link in today’s dollars but I also predict 99.9 % of biz will have been squeezed out by then.

[Anonymous No.53568804]

>>53568791
lmao, please one step at a time. First u need to go back to $10

[Anonymous No.53568815]

>>53568791
>99.9 % of biz will have been squeezed out by then.
never selling bra

[Anonymous No.53568819]

>>53568804
I have superhuman patience, and I will outlast all opposition.

[Anonymous No.53568831]

>>53568791
You aren't addressing my question though. I'm asking specifically about SWIFT - is there any data that shows how much money is spent on clearing houses? Either by SWIFT, or the global clearinghouse industry in general. Because that's the main usecase Chainlink has right now, and even if SWIFT spent $10 billion/year on LINK nodes rather than clearinghouses, then that would be $10 income per token per year. So if you have a 10k stack, you'd only make 20k a year.

Calculating staking income as a percentage doesn't make sense, since SWIFT would only pay a certain amount of money every year (that currently gets absorbed by clearinghouses).

[Anonymous No.53568853]

>>53568831
You’re trying to compare the value of a well behaved horse to the value of gas stations. The before and after of this technological shift are not comparable in any meaningful way.

[Anonymous No.53569038]

The collateralization rate will never be 100% and doesn’t need to be. The idea that the market cap of link has to be one quadrillion to secure that much in transactions is asinine. Didn’t link have over 6 trillion in transactions this year? What’s the market cap?

[Anonymous No.53569084]

Realistic pricing is 160 per LINK, 2025, upwards of 3000 2030. Anon calculated it based on real maths, next bullrun 202r 80usd per LINK.

[Anonymous No.53569281]

>>53568791
it'll be easier for those who are locked in on staking. Now, if you're implying Sergey will pull a LPL/Bancor/Celsius/BlockFi with the staked link, now that would be must see TV

[Anonymous No.53569340]

>>53568754
Why should the LINK token hold value?

[Anonymous No.53569388]

>>53568791
AHAHAHAHA literally $7. cope

[Anonymous No.53569427]

>>53568791
you're actually a fucking retard, Just hold till you're dead bro.

[Anonymous No.53570774]

>>53569388
What's your buy price? I think anything under $10 is a giveaway. It'll be worth several times that in couple years. Probably in the 100s. Risky to not buy at these prices

[Anonymous No.53571040]

>>53568754
>>53568782
>>53568791
>>53568804
>>53568815
>>53568819
>>53568831
>>53568853
>>53569038
>>53569084
>>53569281
>>53569340
>>53569388
>>53569427
>>53570774

Market cap is the multiplication of last trading price x circulating supply.

In other words, someone could create a coin with a 100 billion supply and buy a few of the coins for $11 dollars and its market cap would exceed a trillion dollars. Does this mean that a trillion dollars have been pumped into the coin? No, not even a hundred dollars, yet its market cap is over a trillion. This simple example illustrates how naïve market cap discussions are when it comes to crypto.

XRP’s price will be determined by utility, not by market cap. For example, SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per coin, and this is assuming that SWIFT owned all the supply. XRP is going after more than just SWIFT, it is going after a $2.7+ quadrillion market. Market cap means nothing.

XRP will handle much more than SWIFT; it will eliminate the need for nostro accounts (worth $27 trillion), tap into the $2.7 quadrillion global transfer market, as well as interact with other blockchains and technologies. In other words, if XRP’s price was low, it wouldn’t be able to handle the trillions/quadrillions within its 100 billion coins.

XRP will likely be pegged to precious metals and/or a basket of assets to make the price even more stable and liquid over time, likely by governments, central banks, and institutions like the IMF.

Find out more regarding XRP: >>53570872

[Anonymous No.53571087]

>>53571040
xrp is a scam for retards
ngmi

[Anonymous No.53571098]

>>53571087
You spelled chainlink wrong

[Anonymous No.53571176]

>>53571040
serious question: ripple has done no PoC with swift. chainlink has. ripple has done no interviews with swift. chainlink has. ripple's token, xrp, is not used in the crypto space at large, but only within its only experimental chambers. chainlink is the opposite, once again. so the question is, do xrp fags really?

[Anonymous No.53571183]

>>53571098
they are both the same shit

[Anonymous No.53571197]

>>53568791
>$400,000 per link
what will i do all day as a literal billionaire?

[Anonymous No.53571463]

>>53568754
Let's assume:
>all Link tokens are in circulation
>ALL of these tokens are available for staking (lol)
>SWIFT only runs one third of the US bond market through Chainlink
So no other assets and no other countries, only bonds and only the US, and only one third.

The US bond market is worth $46 trillion.
One third of that is $15 trillion.

Let's say the collateral needed to secure the smart contracts for these bonds is 1/4th (i.e. for every million USD in bonds being transacted, only 250k USD is needed as collateral).
One fourth of $15 trillion is $3.75 trillion.

$3.75 trillion divided by 1 billion tokens = $3,750 per Link token.

[Anonymous No.53571466]

>>53571463
And keep in mind:
- in reality only a small fraction of all Link tokens will ever be available for staking, which would necessarily pump the token price even more
- Chainlink is set to tap into a lot more than 1/3rd of a single asset in a single country.
- chances are collateral will be a lot higher than 1/3rd of the contract value.

[Anonymous No.53572153]

it's fundamentally a single digit token