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/biz/ - Business & Finance

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8926148 No.8926148 [Reply] [Original]

I am feeling extremely excited and bullish about LINK right now.

Linkpool had to close their beta sign up when they were pledged 14 million link, after only 6 weeks. We don't know how many individuals that will be. Sergey indicated that he had 16,000 interested node operators. There are just over 20,000 chainlink wallets (with an unknown amount of people holding on exchanges).

For comparison, ProgrammableWeb currently has over 19,428 APIs listed. ProgrammableWeb is owned by Mulesoft. RapidAPI serves over 400 billion API requests per month.

The worked example that Linkpool gives is based on 0.001% of RapidAPI's usage. Holy shit, that is extremely conservative if you consider the number of interested parties we already know about. 0.001% gives $23 total profit per month from your node (remember that through linkpool that only 75% goes to stakers, and that will be shared between the other link holders accordng to the number of link you hold, with an unknown maximum numeber of link per node). Let's scale up: 0.01% will be $230 per month, 0.1% will be $2300 per month and 1% will be $23,000 per month.

I'm signing up for the crowdsale so I can be one of the first people to stake and so that Linkpool can succeed. If linkpool succeeds, we will all succeed, friends.

>> No.8926352

I don't understand one thing: I signed up months ago and never ever received an email with any info. What does that mean?

>> No.8926542

>>8926352
They didn’t do confirmation emails for the beta signup.
They didn’t do confirmation emails for the crowdsale either.
Retarded, but they did say if you message them on reddit they’ll confirm with you whether they got your email signed up.

>> No.8926558

>>8926542
E X I T
S C A M
Linkpool will be the gox of ChainLink
Screencap this

>> No.8926559

>>8926542
What the hell...? that's absurd.
Hate reddit but gotta try it.
Thanks anon.

>> No.8926566

Consider that people who bought 10,000 antshares (NEO) back when it was cheap are now getting 4 GAS per day. That’s like $40-50! I truly believe chainlink has the same potential.

>> No.8926574

>>8926559
"absurd" -

>Good vocabulary
>Invested in LINK
>LINK going to $100 no problem

>> No.8926603

>>8926566

REQ Investors are excited about these stats

"burned
250
total supply
999,999,750 REQ"

LINK investors are excited by these stats

"350 million circulating supply. 14 million LINK already locked up in LINKPOOL alone at main net blast off"

>> No.8926650

>Where Does LinkPool Benefit?
>We will take a 30% cut of all the rewards earned by any node.

30% for running a vps. kek

>> No.8926657

>>8926650
It's 25% slowpoke.

Get with the program

>> No.8926705

>>8926650
It’s a bit more than running a vps

>> No.8926721

>>8926558
Pooltrade just exit scammed. They were anonymous.
Linkpool dudes have plastered their faces and names all over the internet. They won’t exit scam.

>> No.8926763
File: 26 KB, 402x210, Kevin-Cadle-NFL-Opinion-Expert_2745243.jpg [View same] [iqdb] [saucenao] [google]
8926763

>>8926148
Just found a quote from Mat on Reddit responding on someone saying what happens to the project if Sergey dies.

Mat says:

>You place far too much faith in Sergey, you may not hear of Steve nearly as much but he is also absolute mastermind.

A guy who has been in constant conversation with the team has this to say about Steve. Pretty nice to hear.

>> No.8926825

They are also planning on running a node listing service, and I wonder if there isn't a conflict of interest between running the listing service and running nodes.

>> No.8926922

>>8926825
What is a node listing service and why would this lead to a conflict of interest?

>> No.8926932

>>8926922
Because they would monopolize the market.

>> No.8926982

>>8926922
ChainLink needs an external listing service that lists all of the active nodes and their reputations etc etc. It's in the ChainLink whitepaper, but it's an external piece of infrastructure so will be created by third parties.
The question is whether there's a conflict of interest if LinkPool is both running nodes AND providing the list of nodes. The answer is "probably", so you have to wonder how they will demonstrate that everything is above board.

>> No.8926997

I plan on throwing 1 ETH at it, just for shit's and giggles. Might be good. If this takes off, they will expand over the years.

>> No.8927016

These fucking Jews can burn in hell, "oh guise we've decided to raise funds, because we've heard the community is not happy with the fee. Give us half a million dollars, oh actually we can't lower the fee too much guise because we're dirty fucking kikes." page ten of their white paper.

>> No.8927020

>>8926982
So a node listing service would be like coinmarketcap for nodes. I can see how it might be a conflict of interest but they could probably create the list in a decentralized way that doesn’t favour anyone. We’re all about decentralisation here right?!

Is there any way that someone could make a node listing service and profit from it? Like simply making a webpage with ads. I might think about doing this myself if it could bring in ad revenue

>> No.8927031

25% to run an automated fucking node.

>> No.8927041

>>8927020
In their medium post they stated that they want to make a node listing service as well.
https://medium.com/linkpool/the-linkpool-crowdsale-f7a855e341a2

>> No.8927042

>>8927016
>linkpool should run highly technically complex nodes, providing passive income for NEETs for life, for free, out of the kindness of their hearts

Imagine actually thinking this

>> No.8927060

>>8927042
15% would be ok you faggot. They've obfuscated they're costs, we're not talking about fucking physical infrastructure.

>> No.8927084

>>8927060
Jesus Christ this attitude. You want something for nothing. Just like all millennials.
If you don’t agree with their business plan then why don’t you make your own linkpool copy, but charge 10% fees, undercutting them and stealing their customers? Same goes for you >>8927031 too faggot

By pooling your link in a node you will be able to do higher value contracts. I can’t afford 100,000 link. I’d rather pool so we can have a more profitable node.

>> No.8927095

What if they will exit scam?

>> No.8927113

>>8927095
What if burger king starts selling big macs at a lower cost?

>> No.8927139

>>8927095
>>8927113
What if Wendy's starts making strawberry frosty's?

>> No.8927160

>>8926721
Now I don't have any doubt. Hi Abel, you wrote that you were going to ask/biz/ for feedback. I'm actually excited for you two sharing with us a part of Linkpool.io
What makes me doubt is: Isn't this basically a security offering?

>> No.8927164
File: 1.21 MB, 1000x1547, 1516356137947.png [View same] [iqdb] [saucenao] [google]
8927164

Can't code won't code. Too busy being proficient in other areas. Have funds and can follow technical instructions. Is it alot of fucking about to set up a link node? I hear people talking about using AWS or similiar. Is this the best option? I would rather be in control of my own stuff than linkpool. Any legit info would be appreciated frens.

>> No.8927181
File: 175 KB, 1920x1541, 1522923524367.jpg [View same] [iqdb] [saucenao] [google]
8927181

>>8926763
>>8926148
Is there a public link slack? I went to the plebbit but their slack link wouldn't let me in. Maybe I'm just retarded though

>> No.8927183

>>8927164
It's not that hard if you can follow directions and know some Linux

>> No.8927196

>>8927139
>>8927113
I don t know i don t eat that murican poor shit

>> No.8927206

>>8927095
The crowdsale unds will be lost, but your links will be safe, they found a trustless way for you to stake your links.

>> No.8927251

>>8927183
I better learn some Linux. Ty

>> No.8927255

>>8927095
What if in and out is really out and in

>> No.8927273

Has there been any indication from telegram or anything when staking will actually begin?

>> No.8927275

>>8927255
Down and out.

>> No.8927288

>>8927206
Where can I read more about this?

>> No.8927301

>>8927288
Follow their twitter and their medium.

>> No.8927316

>>8927160
I’m not Abel kek
Will he really post here? If chainlink becomes legitimately associated with 4chan via linkpool the project is doomed. Just market sold my stack

>> No.8927326

>>8927273
When mainnet is out you retard.

>> No.8927337

>>8927326

Ive spent absolutely no time looking into this and that was essentially what i was asking. Congrats on being an edgy upset child though

>> No.8927344

25% of all earnings are makers fees.
6.25% of it goes to linkpool crowdsale investors.
if linkpool runs thousands of nodes, with millions of link, that is a lot of maker fee
by investing in the crowdsale you literally become absurd rich by doing nothing at all.
that said, i signed up for kyc, but only throwing 0.8eth at it

>> No.8927369

>>8927337
It doesn’t take any looking into it to realise though. Staking cannot begin before mainnet: it’s pure logic. You don’t even need to google it. Just use your brain. Do you even have a brain?

>> No.8927376

>>8927344
You would actually earn 3x more from investing in linkpool crowdsale than buying the same amount of link tokens and staking them. Because 6% of 15 million is much more than 75% of 20,000

>> No.8927433

>>8927376
Who said we have 20,000 link ? And the rest

>> No.8927434

>>8927376
That is true but Linkpool is still a risky project.
It depends on the succes of LINK
And who knows another competitor comes round for Linkpool or running your own node won't be that hard etc

>> No.8927505

>>8926763
what happens if steve dies?

>> No.8927523

>>8927505
Have you heard the hype around Jason at the moment?

>> No.8927531

>>8927369

Yeah so if you can read between the lines with the comprehension of a 10 year old the question is when that launches genius. Its pure logic. But obviously you dont know much about this so dont worry kiddo

>> No.8927534

>>8927523
who the fuck is jason? what happens if this asshole dies too? some nigger better pay for my lambo

>> No.8927551

>>8927534
Jason Parser, he is a dev that has been leaving a menshy of his own name within much of the ChainLink code.

>> No.8927558

>>8927164
you do realise that even in their article they say if you have the technical ability to run a node you should do.

Jonny has said many times that they encourage anyone who can run a node to do that and the last thing they want to do is harm the project.

>> No.8927562

>>8926922
They aren't making a node listing service. And the official team has in no way given any indication they've contracted linkpool to make an official node listing service. I think someone, not jonny I believe, is working on an unofficial library of external adapters, but that would be in no way a conflict of interest.

>> No.8927718

>>8927534
>>8927551
This, we are all pretty worried because he’s about to shadowfork the LINK token from ERC20 to ERC667.

>> No.8927733

>>8927316
>https://medium.com/linkpool/the-linkpool-crowdsale-f7a855e341a2
Scroll down to bottom
>We’re extremely eager to see the communities response to this (especially the unfiltered sentiment of biz) as we have so far received some very mixed support for the project. We do not shy away from criticisms (as long as its at least somewhat constructive).
They are really willing to take a look around /biz/

>> No.8927745
File: 187 KB, 640x1136, 948AF12A-5BD1-4BC7-8E8C-864BFF9C3145.png [View same] [iqdb] [saucenao] [google]
8927745

>>8927562
Stop spouting nonsense. It says right here they want to make a node listing service.

If it’s as simple as setting up a website like coinmarketcap I don’t see how complex this could be

>> No.8927760

>>8927733
Fucking hell, they need to PRETEND LIKE BIZ AND 4CHAN DO NOT EXIST. it will harm their credibility so much if they associate with us. Genuinely worried now.

>> No.8928253

>>8927760
indeed E D G E Y N E S S doesn't sell

>> No.8928282

Basically this might be known from before so it may not be new but follow my steps and see if I am on to something.

1. Click Here https://github.com/smartcontractkit/zap/network
2. On the blue line see who has been working.
3. See it is Abhinav Gupta
4. Search Abhinav Gupta
5. First result on twitter is Abhinav Gupta
"Salesforce Architect & MVP | Founder of @Concretios team of awesome Salesforce developers | Expertise in Apps, Integrations, Lightning, Angular, Cordova, Ionic."

>> No.8928333

>>8926721
Pooltrade scammed? Lmao biz was shilling that like crazy lately

>> No.8928440
File: 50 KB, 383x383, 1514605322637.jpg [View same] [iqdb] [saucenao] [google]
8928440

>>8928282
delete this

>> No.8928508

>>8928333
Almost bought into it myself, dodged a bullet there

>> No.8928771

>>8928282
I think that's not the guy, but this:

https://www.linkedin.com/pulse/i-am-banker-how-does-blockchain-technology-help-me-abhinav-gupta

Linkedin at the beginning of the article

>> No.8928800

>>8928771
Are you sure? He doesn't have any development experience on his CV?

>> No.8928971

I keep thinking this isn't such a sure kill.

>> No.8929010

>crowdsale of 1000 eth

How hard can it be to put 50 grand together?

>> No.8929035

>>8929010
Lol

>> No.8929037

Do you think that their worked example based on the 0.001% is legit?
Having one node ("20k") would earn you $23 a month.
If it actually goes to 1%, that would earn you $23 000 a month.
By staking a measly 20k stinky link.
I don't believe this

>> No.8929208

>>8929037
That's why they said 0.001%...
>make a conservative estimate
>everyone ignores it and multiplies it by 1000x off the bat
>i can't believe it

>> No.8929420

>>8928800
Absolutely not sure at all.

>> No.8929616

>>8926542
Where on reddit can I find them?

>> No.8929644

>>8929420
He is actually an UBER employee. I created a false flag like a total monkey

>> No.8929837

BTW, suppose the following (pretty much true as I am writing this):
link price is 0.40, ETH price is $500.
Pool size 14M
A 20K stack costs 8000
You'll earn: 0.75*1/700*r, where r is the profit (=0.1071% share of the total)
With 8K you get 16 ETH, and hence your profit share is: 0.25*0.25*16/1000*r (=0.10000% share of the total)
Under these assumptions, I think I'd least would just buy more linkies instead of buying a share of the pool, as you'd get the same return but actually own the links in addition.
Now, if link becomes more expensive wrt to ETH, this scenario changes, ofc.

>> No.8929875

>>8929837
that's presuming that the usage is at 0.001% which is insanely conservative and there's 19k nodes, which seems off.

>> No.8929911

>>8929875
Nodes number might be off, but enlighten me how the usage would affect pool earnings to owners vs stakers differently? I thought it doesn't feature anywhere in the speculative shares I put forth. Observe that I just presented the respective profit shares, no absolute numbers as how much this profit would be.

>> No.8930466

>>8929911
more usage = more nodes they'll run. Think in 5-10 years time when they could run like 2,000 nodes or something.

If you had 8k on one node, you'd get 40% of the tokens at 20k limit. Let's just say they made 100 on each node.

with 40% of 100 you obvs get 40 tokens.

with 0.1% of the total, you get 2000 * 100 * 0.001 which is 200 tokens. 5x more.