/biz/ - Business & Finance

[Anonymous No.55069960]

Sometimes I think to myself that we only have staking v0.1 out of this kindness of Sergey Nazarov's heart and was done as an appreciation for LINK community. I think big things are happening in the background with big players that move in unison.

[Anonymous No.55069996]

>>55069960
Sergey is a fat fuck

[Anonymous No.55070002]

>>55069996
That's not nice.

[Anonymous No.55070039]

>>55069960
buy an ad

[Anonymous No.55070487]

>>55069996
fat fuck nastyslob

[Anonymous No.55070502]

>>55070487
Ccip soon

[Anonymous No.55070504]

if you are reading this then thank you based SN

[Anonymous No.55070516]

>>55070504
SN = subhuman nastyslob

[Anonymous No.55070549]

thank you based king sn

[Anonymous No.55070567]

you can now buy questionable porn on dark net markets using chainlink
bullish

[Anonymous No.55070581]

>>55069996
>>55070039
>>55070487
>>55070516
>t. spends hours every day trying to fud link
>also spends hours every day being told:
sorry, just not gonna sell
*bows while farting*

[Anonymous No.55070583]

>>55069960
>we only have staking v0.1 out of this kindness of Sergey Nazarov's heart
No, fuck you. This angle is manipulative as fuck. Staking is the main value proposition within the wider Chainlink vision for the LINK token and what it's supposed to capture value from the network's growth. Without a proper staking & reputation implemented, the LINK token is absolutely worthless and there would be no reason not to wrap any stablecoin using ERC677 wrappers. Staking was supposed to happen on a per-node basis, not on a DON basis. This pseudo-staking is gay and is the opposite of a supply shock catalyst.

[Anonymous No.55070597]

>>55070583
>Staking was supposed to happen on a per-node basis
In v0.1, staked LINK from node operators serves as a direct quantifiable commitment to their performance, while community stake adds an additional layer of incentivization to the honest and reliable performance of node operators. All Node Operator Stakers in v0.1 will earn a small percentage of the Community Stakers’ staking rewards—referred to as delegation rewards—given that node operators are providing a service on behalf of Community Stakers (i.e. performing oracle computation for the Data Feed).

The design is similar to existing stake-based delegation designs as the rewards derived from community stake are used to further increase network security through the economic alignment of node operators. Community Stakers in v0.1 will see their stake automatically delegated to Node Operator Stakers, without node operators taking control of community stake. This mechanism is referred to as “Auto-Delegation”.

Community Stakers will start out having their staked LINK automatically delegated equally across all actively staking node operators in order to validate the Auto-Delegation design during the initial v0.1 beta phase, allowing node operators to start from an equal position before a more advanced reputation system planned for a future Staking release is implemented. Auto-Delegation fuels a dynamic where the greater the amount of community stake in the v0.1 pool, the greater the incentives for node operators to perform reliably, given that the delegation rewards paid out to node operators are higher.

In a future Staking release, Auto-Delegation may evolve into a dynamic mechanism, a design where community stake is automatically delegated across actively staking node operators in variable amounts based on reputation metrics, such as historical performance, length of time LINK is staked, and amount staked.
https://blog.chain.link/chainlink-staking-launch-details/#auto-delegation

[Anonymous No.55070603]

>>55069960
He released a half assed version of staking so the SEC won't come after him.

[Anonymous No.55070700]

>>55070597
Given your attempt to gaslight me or psyop me, let me greet you. Hi Zack R, Tim B, Michael R or whoever the Chainlink Labs employee you are.
>In v0.1, staked LINK from node operators serves as a direct quantifiable commitment to their performance
This is not true until slashing goes live, and that can't happen without a proper reputation framework in place, which will probably require years to be properly ready. Let me be clear, there is no direct relation -at least during this staking iteration- between a node's performance and their ability to stake LINK, receive rewards and benefit from it. At least unless you admit that Chainlink Labs, as a centralized coordinator can censor and vet-out different nodes according to their own criteria, which would support faggots like Chris Blec's point of view.

>The design is similar to existing stake-based delegation designs as the rewards derived from community stake are used to further increase network security through the economic alignment of node operators. Community Stakers in v0.1 will see their stake automatically delegated to Node Operator Stakers, without node operators taking control of community stake. This mechanism is referred to as “Auto-Delegation
Read the whitepaper, the idea behind staking was committing, as a node operator, your own LINK to be eligible to more Chainlink jobs, which would turn into a supply shock, high token demand, low offer given that most of the supply would be securing the value in the network. The fact that you are copy-pasting me this blogpost means that you are either a malicious actor or unaware of the original vision that was promoted in late 2017.

>Community Stakers will start out having their staked LINK automatically delegated equally across all actively staking node operators in order to validate the Auto-Delegation design during the initial v0.1 beta phase
>Community Stakers
That is not even a thing, that is just a mental gymnastics to pass a SEC howie test review

[Anonymous No.55070757]

>>55070700
uhhh there is slashing in v0.1 retard (though only rewards can be slashed)
also staking wasn't even mentioned in the original whitepaper...
but yeah i was here when we got all excited about how link would be locked up to met collateral demands across entire network etc but have to wait until v1

[Anonymous No.55070846]

>>55069996
>>55070487
Pay me.

[Anonymous No.55071709]

>>55070583
>>55070603
>>55070700
Wow imagine being a retard writing fud essays on link and all you get is "DRNS"

DRNS btw