/biz/ - Business & Finance

[Anonymous No.8796427]

Why do linkies think that 1000 eoy or even $50 is possible by 2020? ChainLink has 650m tokens that they will give out to companies who want to run nodes. Who the fuck will be buying your bags then? Absolutely deluded linkies.

[Anonymous No.8796438]

It's a meme, no one really thinks that
Someone posted the ico contribution address here so naturally there's a lot of bagholders wanting to get their bags pumped up

[Anonymous No.8796441]

what did you just say you fucking faggot?

[Anonymous No.8796446]

only the biggest and most reputable companies will be given tokens for free. we're talking big boys like Morgan Stanley. everyone else will need to buy tokens on the open market.

and the ones who are given tokens will not be trading them. they will be locked up in nodes, essentially keeping them off the market just as they are now.

[Anonymous No.8796466]

>>8796427
$10 eoy. $50 eo2019 and $100 eo2020. Screenshot this cuntos.

[Anonymous No.8796470]

THE POWER OF POSITIVE THINKING

[Anonymous No.8796479]

>>8796446
Big players would be like 80% of the ChainLink network. And how much would they get? 50m? 100m? Ridiculous.

[Anonymous No.8796498]

>>8796427
it's actually 350MM for big companies. However this is actually concerning, what if every substantial company that needs CL gets enough tokens to run their own nodes for free...? Is there any info on how that 350MM will get distributed?

[Anonymous No.8796538]

>>8796427
>what is circulating supply

[Anonymous No.8796547]

>>8796427
>implying circulating supply won’t tend towards zero when mainnet is up and adoption takes place and the entire supply of link tokens are locked in nodes

[Anonymous No.8796556]

>>8796498
So the companies that would be the main buyers of LINK will get LINK for free. Fucking top kek really. Funny how 99% of LINK holders have no fucking clue about this.

[Anonymous No.8796606]

>>8796547
if major LINK users get their own tokens, they not only would run their own nodes, but they wouldn't have to buy link to pay nodes they hire

[Anonymous No.8796624]

>>8796556

> Fidelty mutual, Chase, BNP Paribas, Barclay, Santander, Maersk, and PWC get 50m CL each
> CL marketcap increases to $3.5Trillion
> stinkies get the last laugh

[Anonymous No.8796648]

>>8796427
It's a meme. Please don't buy any! :)

[Anonymous No.8796661]

>>8796547
So

350m to big companies(80/20 rule)

300m to god knows who

350m circulating supply held by neets who hope that the same companies that got free LINKs will buy their LINKs as well or they think small companies will make their LINKs moon

Top fucking kek

[Anonymous No.8796683]

>>8796438
>It's a meme, no one really thinks that

This.

>>8796427

It's just Link bag holders who want to get rid of their stinking heavy bags, so they shill their linky-stinky shit to would-be greater fools.

Notice how very interview, tweet, every rumor related to this shit token is always grotesquely exaggerated by the link shills as a major event and HAPPENING ON ZE MOON.

The frequency and the intensity of link shilling on /biz is a good indicator of how desperate the bag holders really are.

>inb4 muh 1000 eoy muh mainnet muh confenerce mugh partnerships s-stay poor l-lol

[Anonymous No.8796706]

>>8796624
And how in the hell would the price rise if big companies(who will very likely make up 80% of the network) already have the LINKs they need?

[Anonymous No.8796716]

>>8796661
you’re vastly underestimating the amount of uses for link which will bring the marketcap into the quadrillions in the future but what do i care kek kys faggot

[Anonymous No.8796733]

>>8796683
I'm not actually doubting ChainLink, but rather the fact that all the big companies will get their LINKs for free. If that wasn't the case, I would go all in on LINK.

[Anonymous No.8796735]

>>8796683
Suck my fuckng dick

[Anonymous No.8796780]

>>8796716
Who will be buying your bags anon when there will be 10 of thousands of nodes already running from the 650m free LINKs?

[Anonymous No.8796837]

>>8796706
>not understanding basic supply & demand
the absolute state of /biz/tards

[Anonymous No.8796846]

>>8796780
so basically you think after it becomes clear that LINK is being used by the likes of Fidelty Mutual, Chase, BNP Paribas, Barclay, Santander, Maersk, and Morgan Stanley, the token will not increase in value at all. Okay.

[Anonymous No.8796853]

>>8796735

[Anonymous No.8796871]

>>8796837

Big companies who will be 90% of the users get their tokens for free

>supply and demand

What demand? From small companies that will collectively make about 10% of the network? And in what timeframe?

Jesus fuck not a single explanation for why LINK would moon when the main companies will get LINK for free.

[Anonymous No.8796879]

>>8796871
>Big companies who will be 90% of the users
citation needed

[Anonymous No.8796884]

>>8796846
pretty sure that's not what he's saying. It's actually a valid question considering that we know there are 350MM tokens reserved for node operators. We don't know anything about how those will be distributed.

However, I think they will get gradually distributed over years, not all at once. The buyers might even have to buy them for market price. In that event, who gets the money? Sergey..? Until we know specifics of the token distribution and node fees, this is all speculation. I'm going to trust sergey on this one but until we get more info, OP isn't really wrong.

[Anonymous No.8796900]

>>8796846
>Token magically increases in value

Who the fuck will be buying considerable amount of LINK any time soon when the big companies have gotten it for free?

[Anonymous No.8796906]

>>8796661
Like all things in life, the big boys will own the game. But the rest of us small fish need them because they are driving the economy. Do you need reminding how much of the stock market is owned by big institutions? But average joe still has his modest 401k and his little piece of the pie. With link we have an opportunity to be the average joes with a bigger slice of the pie. And 20 years from now, grandma will have her modest 401k that includes an index of the most important crypto assets, of which LINK will be tracked. Screen cap this and show your kids in 2038

[Anonymous No.8796930]

>>8796879
80/20(can also be 90/10 or 95/5 etc) rule

[Anonymous No.8796944]

>>8796871
Have you ever fucking heard of giving druggies a sample to get em hooked? Extrapolate to business level you absolute fuckwit

[Anonymous No.8796954]

>>8796906
Time>money in this case.

[Anonymous No.8796979]

>>8796944
Yes a dealer will give a junkie 2/3rd of his fucking heroin supply as a sample. Oh look the junkie doesn't want to buy more! I wonder why?

[Anonymous No.8796985]

>>8796930
not an argument

>>8796884
big players being involved in the network will trigger everyone wanting to be involved in the network. this isn't complicated.

[Anonymous No.8797040]

>>8796985
If big players need 50m LINK to run their own nodes, then they'll very likely be the main users of the network since why would they otherwise need so many LINKs?

[Anonymous No.8797313]

Welp linkies was fun. If you are gonna hodl, then be ready to hodl this until 2030 minimum when there will be enough small companies to pump the price.

[Anonymous No.8797330]

>>8796871
You don't know what the Link token does, do you?

[Anonymous No.8797425]

>>8797040
Some contracts will take days and weeks to execute. Nodes will probably need to keep the tokens locked up for potential penalty payments until the oracle services are performed, and the contract owner will likely have to keep their payment link locked in escrow as well. Fill in the blanks anon, I believe in you.

[Anonymous No.8797508]

>>8797425
You don't have to use LINK for payment though?

[Anonymous No.8797530]

>>8797508