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/biz/ - Business & Finance

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9443726 No.9443726 [Reply] [Original]

It describes how its intended to be a stable coin that stays at 50 cents. You're all sitting around waiting for a rocket that literally will never come. The only thing its good for is to replace Tether.

>> No.9443740

>>9443726
Shit obvious lies fud

>> No.9443747

Rory said in slack it’s not meant to eclipse a single US dollar for efficient market use

>> No.9443749

>>9443740

deluded

>> No.9443757
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9443757

>>9443726
You’re embarrassing yourself and insulting our intelligence

>> No.9443789

>>9443747

exactly. its meant to be exchanged, which means it needs a consistently low valuation so people don't hoard it and try to increase the price since then nobody would want to trade it. the node penalty/reward mechanism is tied to a smart contract that tracks its current price to adjust the economics of the system and keep the price stable.

its really quite genius. its like DAI, only it also handles all data flow. its worth buying when you're selling other tops, but its not worth holding because it'll never move.

>> No.9443859

>>9443726
Chain Link works great. Remember that one time it went above $1? The self regulatory mechanism quickly kicked in and brought Chain Link back to $0.50 regions just as whitepaper describes, it works better than Tether. It's sad they removed the
>Chain Link price shouldn't exceed the price of a Big Mac
from the whitepaper. I guess they want to be seen as a more serious company now.

>> No.9443885

>>9443859

Ya. I think they also realized the price of a big mac will go up, but the value of 50 cents will go down so they picked the latter to keep it cheap. the best part is the more adoption it gets, and the more volume it gets, the closer it'll stay to 50 cents with less volatility. 2020 mainnet is going to be a huge deal.

>> No.9443889

>>9443726
Don't try to fool the ones that fooled you.

>> No.9443935

>>9443859
okay then BigMac $1000 EOY due to inflation

>> No.9443968

Total supply:1,000,000,000
Linkies are deluded.

>> No.9444021
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9444021

Good thing i bought in at 49 cents then

>> No.9444088 [DELETED] 
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9444088

>>9444021
this fud is getting to me

>> No.9444309

There’s a reason it has never hit $2. The token’s fundamentals keep its price low on purpose. It went from $0.10 to $1 and quickly retraced to $0.35, it’s not a store of value, it’s simply fuel for higher forms of value like eth, btc, and bank bonds

>> No.9444378

>>9444309
nice pasta 1/10

>> No.9444735

OP, link is divisible by 18 decimal points... why the fuck would it be that divisible if it was only meant to be a dollar.

People already tried this FUD with BAT and it didn’t work.

>> No.9445765
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9445765

>>9444735
>People already tried this FUD with BAT and it didn’t work.

Sadly it did kinda work

>> No.9445848

>>9444735
Are fractions of Links called sergeys?

How many Sergey's for a gf they'll say. 5 sergeys to a dollar eoy