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/biz/ - Business & Finance

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15847469 No.15847469 [Reply] [Original]

Alright WTF does link do and why is it worth anything?

>> No.15847508

You had two whole years

>> No.15847514
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15847514

>>15847469

>> No.15847526

>>15847469
kYs

>> No.15847529
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15847529

>>15847469
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the 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 collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that.

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

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-4-5 years?

>> No.15847551

>>15847469
It doesn't do anything, it's a scam. Don't buy any and go back to l3ddit

>> No.15847619

>>15847469
Just sell them faggot. It’s a pump and dump scam.

>> No.15847642

>>15847469
Read the whitepaper retard

>> No.15847683

>>15847529
Maybe im not understanding but couldn't Holo be a better alternative to chainlink?

>> No.15847698

>>15847469

Insider here: I’m staying in a fancy hotel downtown San Francisco right this moment. Today in the lobby, literally hundreds of people arrived at once, every single one with a Salesforce badge on. I started to mingle and started asking what they thought about smart contracts. Every single
One of them got GIDDY and said something to the likes of “yes we bought LINK lol” I don’t know if they mean individually hold link or the company bought Link... but... I shit you fucking not, it’s like I was at a fucking /biz/ meet up. Long story short, it seemed every god damn salesforce employee holds and/or is highly aware of smart contracts and specifically ChainLink and secondly, they are all arriving to attend an internal
Conference at the new sales force headquarters. It’s also worth noting that Saleforce has been taking over tons of office space and even has a giant fucking sky skyscraper in downtown SF.

Call me a larp but this is all fact, I’m expecting some big moves for Link and sales force news this week. Plz screen cap this and repost when something big happens within the week, I want to be known as the anon who leaked this shit first.

T. 5k linklet

>> No.15847728

>>15847508
3 now

>> No.15847793
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15847793

>>15847529
Erc-677 doesn't matter now that Link is Chain Agnostic. A stable token like USDC or similar will be used. The primary focus of the link token was for fundraising.

Sorry, but in the big scheme of things its the only way for real legel oracle collateral to meet regulatory compliance and that's to transition to a stable currency. As you already know most of link is going to be handled off chain with threshold sigs and mixicles.

>> No.15847802

>>15847683
Yes. And there are free and safer alternatives which have working products already. Who don't lie about partnerships or dump some of their majority ownership when they want a quick million $.

>> No.15847816

>>15847683
holo is a fast smart contracts platform, smart contracts need decentralized oracles to work, chainlink is the oracle. Every coin will be using chainlink

>> No.15847822

>>15847514
This is a accurate discription

>> No.15847897

>>15847698
Nice pasta. Chainlinks involvement with salesforce started and ended with Dapps inc. And all that gave salesforce was an extra app on their internal app store which salesforce customers can trial then purchase. Post a timestamp and location if you ain't a larping shitbag

>> No.15847908

>>15847793
Did she have a stroke or a seizure?

>> No.15848052

>>15847698
Give us a timestamp you fucking cunt I really want to believe this