$820 EOY, unironically.

[Anonymous No.10830234]

One LINK token will be worth $820 dollars. Follow along...

Smart contract creators will demand a certain level of reputation or amount of collateral that suits the importance/value of their smart contract. A $1million bond would require a lot more collateral than say a smart contract dealing with $100. You wouldn't select the low rep/low amount of LINK nodes for something like a huge bond. Sergey is actually targeting these high value contracts. Because they would require a decentralized oracle as it puts all the risk onto the node operators rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The chainlink network is fucking genius like that.

There is infinite collateral available because the token price can simply rise to meet it.

This means that the mcap of LINK can go sky high.

The World Bank just issued a $1 million dollar bond on the blockchain. What does this mean for LINK?

>As of 2009, the size of the worldwide bond market (total debt outstanding) is estimated at $82.2 trillion, of which the size of the outstanding U.S. bond market debt was $31.2 trillion according to Bank for International Settlements (BIS), or alternatively $35.2 trillion as of Q2 2011 according to Securities Industry

https://en.wikipedia.org/wiki/Bond_market

There are 1 thousand billions in 1 trillion. There are 1 billion LINK tokens.

So, imagine if link captured 1% of the $82 trillion bond market. That would be $820,000,000,000 flowing through the network. If the value of all transactions = total value of collateral needed...

Then divide that by the number of tokens...

That would make each token worth $820.

If only 10% of the $820,000,000,000 was required as collateral, one LINK token would still be $82.

1% makes $8.20

You can run this calculation for all large financial transactions that could be done with smart contracts faster and cheaper.

We're all gonna make it.

[Anonymous No.10830265]

>>10830234

[Anonymous No.10830290]

>>10830234
LINK tokens aren’t collateral, they’re payment for an oracle service

[Anonymous No.10830295]

>>10830234
and that's only 1 use case

[Anonymous No.10830363]

>>10830290
The more link that nodes 'stake' i.e. put up as collateral, the higher the chance they'll be deemed reputable and be picked for jobs. Link is also awarded to nodes for completed jobs, yes.

[Anonymous No.10830378]

>>10830290
They are payment and collateral. Collateral = what you stake. Keep up!

>>10830363
This anon gets it.

[Anonymous No.10830402]

>>10830363
That's not accurate. Certain contracts will demand $x worth of penalty staking as collateral. That will reduce the pool of prospective nodes to those that can offer that much money, but offering more collateral will not increase their chance of being chosen. The LINK is a node will also factor into the reputation system but that's distinct from penalty staking, which will be a fixed sum.

[Anonymous No.10830448]

>>10830402
>That will reduce the pool of prospective nodes to those that can offer that much money

True. This calculation assumes that the amount needed is always available for all contracts just from one node. If multiple nodes require the same amount of collateral, then I'm not sure how that would affect the calculation actually.

[Anonymous No.10830456]

>>10830402
You're right I was wrong
Rep is an aggregation of the following:
Requests taken by node
Completed requests
Node execution times
Number of previous penalty payments

[Anonymous No.10830662]

>>10830234
Despite your math, I'm not so convinced.
I think triple digits are at least a decade away.
I find it hard to believe that I'll become rich beyond my imagination If I just don't do anything but survive the next 5 years.