LINK vs stablecoins

[Anonymous No.56034581]

Autistic and retarded link marine here. Saw a post today about how banks are starting to embrace stables. In my head they were always going to fight them. But what if they don’t, and they actually use the shit out of stablecoins? I didn’t price that in. Is link going to corner the fuck out of worldwide banking infrastructure via SWIFT or will bank bros figure out how to circumvent need for CCIP by not going multi chain?

[Anonymous No.56034762]

>>56034581
You're late. First of all, Link is the (((their))) coin. Banks run their own blockchains and issue their own stable coins backed to their own assets. Chainlink already announced there are two separate CCIP networks, one for banks and one for the public blockchains.

So it suffices to say, they're embracing stables, but not the ones out in the public market now.

[Anonymous No.56034765]

>>56034581
The only thing banks are going to circumvent is public settlement layers. Large permissioned networks mean that the only project, and token, that are needed, is Chainlink.

[Anonymous No.56034777]

>>56034765
I have more Link than you

[Anonymous No.56034787]

>>56034581
Idk what you’re talking about but LINK is already a stablecoin.

[Anonymous No.56034789]

>>56034762
How many link to make it

[Anonymous No.56034828]

>>56034777
checked

[Anonymous No.56034831]

>>56034765
I was schizo bullish before but now I shit my pants

[Anonymous No.56034844]

>>56034762
ty sage knower of link, i pooped my pants with excitement

[Anonymous No.56034848]

>>56034777
Unlikely

[Anonymous No.56034857]

>>56034789
1 link to make it

[Anonymous No.56034996]

>>56034789
>>56034857

This, honestly. But obviously if you can afford more, buy more. Buy a stack to play around with, a stack for retirement, a stack for your kids, and a stack for your grand kids.

[Anonymous No.56035016]

I'm literally crumbing from these posts

[Anonymous No.56035020]

>>56034996
But if you need a number to aspire to accumulate to, you want to stake the full 7K Link tokens when they open up the Community Staking pool again. And if you can't afford that, go for 1K, and if you can't afford that, go for 500. Make sure you have something in the staking pool.

[Anonymous No.56035058]

>>56034848
Likely

[Anonymous No.56035074]

>>56035020
But I’m scared of taxes

[Anonymous No.56035079]

>>56035016
i could have gone my whole life without knowing what crumbing means

“1. stuffing crumbs down a male's urethra, then shooting them back out during ejaculation in order to arouse self or partner's appetite and sexual organs”

[Anonymous No.56035085]

>>56035079
lol source?

[Anonymous No.56035102]

>>56035058
Un

[Anonymous No.56035116]

>>56035085

[Anonymous No.56035192]

>>56035116
Imagine crumbing for seven years bros that is the Chainlink experience

[Anonymous No.56035346]

>>56034777
epic+checked

[Anonymous No.56035357]

>>56035074
get over it
they're not that bad

[Anonymous No.56035964]

that's just the next step in the shitcoin death spiral. after the value has dropped massively, you think it can't drop anymore, so it's a "stablecoin with upside" now. but there is always another 100% drop possible

[Anonymous No.56036470]

>>56035020
Do we think they are going to rise the 7k/wallet limit when 0.2 comes out?

[Anonymous No.56036476]

>>56035964
Nothing you said is relevant to the thread

[Anonymous No.56036480]

>>56034581
>In my head they were always going to fight them.
They were never fighting them, look up CBDCs.

Virtually every asset and financial service you know will be tokenized, it makes perfect sense.

[Anonymous No.56036502]

I feel like a loser with my 25k stack. Should have solded for eth in 2020..

[Anonymous No.56036522]

>>56034762
>Chainlink already announced there are two separate CCIP networks, one for banks and one for the public blockchains.

Subtle fud, I like

[Anonymous No.56036604]

>>56034777
If you're the nigger "Chad" who took my brother's money on Etsy and never sent him the LINK dice, karma will get you.

[Anonymous No.56036626]

>>56034581
They are back in town

[Anonymous No.56036690]

>>56034777
Powerful digits sir

[Anonymous No.56036760]

>>56034581
Where did you ever get the idea that banks dislike stables, they would love the power to mint their own currency like they had in the past
Its national govs that hate it as it takes power away from them
But on the otherhand the global orgs like swift or bis like anything that empowers them at the expense of govs so expect them to go through

[Anonymous No.56037288]

>>56035074
You'll let the government scare you out of the investing in the greatest opportunity of our time?

[Anonymous No.56037295]

>>56036470
Highly unlikely as the purpose is to onboard new wallets.

You may have to create a new wallet and be extremely prepared for when general access comes.

[Anonymous No.56037353]

>>56034581
ANZ (one of the big four Australian banks) is already transferring their own proprietary AUD stablecoin using CCIP. Looks like they're also transferring tokenized carbon credits.

Banks will fight "public" stablecoins (USDC probably, USDT certainly) once their own offerings are functional.

If you've ever transferred money internationally you'll know what a pain in the dick it is. Banks don't necessarily do this on purpose (though they also don't give much of a shit), they're limited by the technology that's available to them. Now there is, or there is about to be, a solution that allows for the trust-minimized transfer of assets (any and all that can be tokenized) anywhere around the world. 11,000 banks is a lot

[Anonymous No.56037536]

>>56037295
I only staked 5k so will just fill out my last 2k with LINK I have bought since then

[Anonymous No.56037598]

>>56036476
it's just to avoid the common mistake of thinking: "hey, we are crabbing since forever, that makes our project almost a stable coin". it's more common than you think, especially in long term bagholder circles

[Anonymous No.56037619]

>>56034581
>(((banks))) will buy and pump a token primarily held by antisemitic individuals
Oy vey anon, I hate to pop your bubble but not gonna happen, and no fag here wants it more than I do I've been holding since 2017 and didn't sell in 2021 due to mental retardation and stockholm syndrome

[Anonymous No.56037679]

>>56037353
Yes this makes sense. Many anons above not distinguishing between “public” stables and a CBDC created by govt or banks. My point is I couldn’t imagine BofA announcing they are integrating Tether or some shit although that post alluded to it. But if they somehow did, technically they could just set up a shitty ETH wallet like pajeets and not need CCIP whatsoever. Upon further investigation it looks like BANK CHAINS are the future making CCIP mind-numbingly undervalued.

[Anonymous No.56037749]

>>56037679
Yeah the banks are definitely not integrating Tether. Tether has an insanely difficult time even finding a bank who will accept their billions of dollars, they're toxic. Banks are experts at creating new financial instruments, and that's exactly what a stablecoin is. They'll adopt the technology, as its merits have been proven. Stablecoins are just tokenized (euro)dollars, but with the added benefits of instant settlement, auditability (opacity in financial markets leads to enormous inefficiencies and risks), and programmability. These benefits are too great to ignore, but neither banks nor governments are going to allow unregulated off-shore institutions (like Bitfinex) to capture all the wealth created from this

[Anonymous No.56037793]

>>56037598
No one said LINK was a stable coin, I think your bot might be malfunctioning

[Anonymous No.56038110]

>>56037749
Glad I specified i am retarded. Rereading OP I see I had internally categorized Tether and USDCuck as the only types of stablecoins but CBDCs/ bank chains are one in the same. I remain crippled by linkbullian autism. Seems too easy

[Anonymous No.56040448]

>>56036476
Gay

[Anonymous No.56040619]

>>56034777
Oracles is a better gem to hold. It's just another mover for the next bull run.

[Anonymous No.56040642]

>>56034581
To hell with LINK, I rather hang on AI projects

[Anonymous No.56040667]

>>56037536
Soon I'll be dumping my LINK for SUPRA.