Link tokeneconomics

[Anonymous No.17038965]

Discuss

[Anonymous No.17038986]

Redpill:

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, if they. 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.

[Anonymous No.17039044]

trying to come up with ideas for business that will be possible with smart contracts/oracles, but something more simple than a consulting firm where you need crazy networking and selling skills to thrive

any guesses?

[Anonymous No.17039051]

>>17039044
If someone even had a good idea why would they give it to some fucking retard

[DetectiveAnon !!xywCWEmZbu8 No.17039071]

>>17038965
70%+ of the tokens are held by one guy. What is there to discuss?

[Anonymous No.17039110]

>>17039071
Its middleware, not bitcoin.

[Anonymous No.17039123]

>>17039051
in this market, you need to be some low tier of brainlet to think a idea is worth shit, execution is everything in this space

retarded

[DetectiveAnon !!xywCWEmZbu8 No.17040345]

>>17039110
Hilarious irony of middleware in blockchain technology aside, what does that have to do with tokenomics?

[Anonymous No.17040367]

>>17039071
Oh no, stupid is back in town.

Good buy signal as always though.

[Anonymous No.17040381]

Do people actually listen to this tripfag? Lol

[Anonymous No.17040392]

>>17038986
1k eoy is fud

[Anonymous No.17040400]

When you can stake and earn a passive return people will do that. This will reduce supply. Further, transactions will need to be paid, creating an open-market demand. Increase in demand and decrease in supply is bullish for price.

[DetectiveAnon !!xywCWEmZbu8 No.17040413]

>>17040367
>>17040381
>1 guy holding 70% of the marketcap is a good thing
What is wrong with nu-crypto?

[Anonymous No.17040432]

>>17040413
>whats bitcoin
>whats ethereum

[Anonymous No.17040450]

>>17040413
imagine if jeff bezos didnt own any amazon stock. imagine not being paid for your work in a capitalistic society

[Anonymous No.17040490]

>>17040413
>nu-crypto
>I didn't make it in 2016

Yikes kiddo.

[Anonymous No.17040494]

>>17039044
insurance underwriting

[Anonymous No.17040772]

>>17039071
Hey how about you detect your own asshole with your fist?

[Anonymous No.17041118]

>>17040413
You understand that when LINK explodes, there will be a hit put out on you, yes?

[DetectiveAnon !!xywCWEmZbu8 No.17041203]

>>17040432
Did you just try responding with anything to see if something worked?
>>17040450
Amazon stock is a registered security. Be careful of what you're implying. God you retards don't even realize when you're digging your own holes.
>>17041118
I can sooner find where each one of you live and send disadvantaged urban youth to slash your mother's tyres and starve you all of tendie nutrients.
>when LINK explodes
QEQ

[DetectiveAnon !!xywCWEmZbu8 No.17041233]

>>17040450
>>17041203
Oh and
>paid for your work
What work? All you investors who aren't even seen as investors did was fund conferences for some guy to give the same speech for 2 years. Chainlink as it stands is roughly 1-2 months of full time developer work for nothing actually new or unique in the end. What do you expect from a moneygrab ICO that scribbled up a whitepaper AFTER ICO? Not even chinks pulled shit like that.

[Anonymous No.17041263]

>>17041233
>missed t.sigs and mixicles
>thinks its the same talk every time
couldn't detect your way out of a soggy paper bag, astro

[Anonymous No.17041286]

>>17040413
satoshi still holds the majority of bitcorn, you cute faggot.

[Anonymous No.17041290]

>>17038965
node operators won't sell 100% of their LINK payments for fiat since keeping a portion and adding to their stake increases demand for their services, assuming a completely symmetric global order book price of the token must increase, even if node operators were to immediately sell 100% of their LINK payments there will still be demand independent of LINK to fiat interactions, in particular fuckloads of LINK will be scooped up and staked, to demonstrate node operators' commitment to providing high quality inputs and outputs, there's also the implicit stake sergey mentioned: node operators won't market dump their tokens since it would vaporize the value of their existing and future holdings

[DetectiveAnon !!xywCWEmZbu8 No.17041322]

>>17041263
>dicksuckles
A failed attempt to create hype, pic related, nobody cares.
>>17041286
Satoshi can't touch those coins because the minute they move to be sold he will be found out within a week, or he's dead. Vitalik also doesn't own 70% of the circulating supply, not even close. You fail again to make any kind of considerable point.

[Anonymous No.17041394]

>>17041322
>nobody cares about gas prices for smart contracts
and now evvvvveryone knows you're retarded

[Anonymous No.17041416]

>>17041203
>Did you just try responding with anything to see if something worked?
no retard, bitcoin and ethereum both have founders that hold huge amounts of their respective coins
>Amazon stock is a registered security. Be careful of what you're implying. God you retards don't even realize when you're digging your own holes.
you don't even understand my argument. i'm saying it is not wrong for Sergey to want to be paid for his work (own tons of coins), just like Jeff Bezos owns tons of shares of Amazon. same goes with Satoshi and Vitalik

[Anonymous No.17041423]

>>17041233
yikes
https://github.com/smartcontractkit/chainlink/pulse

[Anonymous No.17041428]

>>17041322
you missed the point. all decentralized states had to start out centralized. think about it

[Anonymous No.17041579]

Poo poo pee pee

[DetectiveAnon !!xywCWEmZbu8 No.17042285]

>>17041394
There are so many ways for a system to reduce its gas usage, its part of a project that nobody really focuses on. Emphasizing it and hyping it up is something I've never seen before as part of a wider system. I wonder fucking why.

>>17041416
Firstly, both of those are functioning products. Secondly, like I said, Satoshi's are symbolic, those coins are never fucking getting spent. You don't even know about Bitcoin. I already said Vitalik holds nowhere near 70% of the supply. Chainlink's shit doesn't compare to these in any way.

>i'm saying it is not wrong for Sergey to want to be paid for his work
Nobody pays him for his work. Don't you understand? Chainlink's sole revenue stream comes from selling printed tokens. Why is nobody paying Chainlink to help them integrate Chainlink into their business? Where are the thousands of businesses lined up to save money using 'decentralized oracles'? Where are the thousands of job openings for people familiar with Chainlink systems? You are paying for a hollow company's dicking around and posturing. Strung along by the belief that one day a barnacle will be worth more than the ship its stuck to.

>>17041423
I could have a dev emulate Chainlink's functionality for free within around 2 months. 1 (one) developer.

You must ask yourself why, like with every other crypto system be it currency or whatever, there's no huge arms race for making the best oracle. There's a reason. That reason is that oracles are a protocol and not a business. Its something a consortium agrees on and creates to serve all of them. This is a quadrillion dollar market isn't it? Where are the hundreds of teams trying to cash in on this? Clearly, after 2 years, everyone else must be wrong and missing something, surely.

[DetectiveAnon !!xywCWEmZbu8 No.17042302]

>>17041428
>all decentralized states had to start out centralized
Technically speaking yes, after 2 years however, no. That's not an accident. Their reputation and penalty system is not active because they probably don't know how to make one. Only Selected By Chainlink™® nodes do any work. This work is also paid for, by Chainlink themselves. They are paying the nodes they selected to look up ETH's price and a few forex sites. I would not be surprised if these 21 nodes ended up being run by 3 people.

[Anonymous No.17042314]

>>17038986
What’s to stop google buying it out, replace it with google token? Link token is not a security, with no promise of company ownership or promise of return. White paper can be changed all the time. Ownership can be changed all the time.

[Anonymous No.17042324]

>>17039071
So what? The world does trillions of dollars of legitimate business every day with inflationary shittokens that are printed at the discretion of parasitic middlemen.

[DetectiveAnon !!xywCWEmZbu8 No.17042334]

>>17042314
What the fuck would be the point in buying out something with no intellectual property? Chainlink has no patents, Town Crier has 1 (one). I doubt its worth millions.

[Anonymous No.17042342]

>>17041203
>Tyre

No you cant, Britbong. Pretty sure your TV license is about to run out. Not sure where you'd even find a knife if you're not a muslim.

[DetectiveAnon !!xywCWEmZbu8 No.17042344]

>>17042324
Don't compare Sergey to a bank, what are you doing trying to compare the fiat economy of nations controlled by banks, to a guy who owns a lot of Ethereum tokens?

[DetectiveAnon !!xywCWEmZbu8 No.17042352]

>>17042342
>sure where you'd even find a knife
Like I said, that's up to the disadvantaged urban youth.

[Anonymous No.17042485]

>>17039071
What the fuck did you just fucking say about ChainLink, you little bitch? I’ll have you know I graduated top of my crypto economics class, and I’ve been involved in numerous secret pump and dumps on BitBean, and I have over 300% confirmed gains. I am trained in gorilla fudding and I’m the top Link bagholder on etherscan. You are nothing to ChainLink but just another shitcoin. I will wipe your tokens the fuck out with losses the likes of which has never been seen before in these markets, mark my fucking words. You think you can get away with saying that shit about Linkies over the Internet? Think again, fucker. As we speak I am contacting my secret network of discord Pajeets and your IP is being traced right now so you better prepare for the storm, no-linker. The storm that wipes out the pathetic little thing you call your wallet. You’re fucking dead, kid. I can be anywhere, anytime, and I can hack your private keys in over seven hundred ways. Not only am I extensively trained in memetics, but I have access to the entire hashpower of the blockchain and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little street shitter. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn brainlet. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.

[Anonymous No.17042536]

>>17042285
>Satoshi's are symbolic, those coins are never fucking getting spent.
you don't know that. I could say thing about Sergey's coins and it would have just as much validity as your statement.
>I already said Vitalik holds nowhere near 70% of the supply.
you think vitalik is the only ETH founder with coins...yikes
>blabbering about people paying to use Chainlink
it's open source you fucking mongoloid. it's not a piece of private software like Windows or Photoshop. anyone can download and implement chainlink. the value of the token comes from the use. jesus fucking christ
>I could have a dev emulate Chainlink's functionality for free within around 2 months. 1 (one) developer.
this is recycled FUD from 2018. you must be trying to get cheaper Link. go for it. go try and replicate link you fucking retard. please

[Anonymous No.17042564]

Is this bullshit?

[Anonymous No.17042588]

>>17042564
Chainlink Market lost sight of the big picture and got sidetracked by SNX after he saw the gains while he held LINK in latter half of last year.

He then completely misread a comment by John Wolpert on Twitter and became even more negative.

Now he's disappeared.

Remember only those pre-website will make it. We have been through so many cycles of FUD that we are immune to it all.

[Anonymous No.17043542]

>>17041322
I hate chainlink for this. This was intentional.

[Anonymous No.17043547]

>>17038965
Up