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/biz/ - Business & Finance

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19613344 No.19613344 [Reply] [Original]

explain to me mathematically how this coin can break $100?

>> No.19613366

Simple, there is no mathematical rules preventing it from being so. In fact, there is an entire network sealing this fate.

>> No.19613368

100B is a conservative marketcap estimate based on the industries chainlink will absorb.

>> No.19613371

>>19613344
>nigger can’t math
Typical

>> No.19613441
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19613441

here's how

>> No.19613469

>>19613344
[0-100%] derivative market volume / token supply

>> No.19613527
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19613527

>>19613469
>Yes, I've read memes.

How exactly is chain link going to capture any market? why wouldn't banks just make their own chainlink?

>> No.19613814

>>19613527
Yeeeaaap solving the oracle problem is totally trivial yeeaap just a json parser made one last weekend tell ya what

>> No.19613962
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19613962

>>19613527
It’s all so tiresome

>> No.19613989

>>19613527
why wouldn't banks just make their own internet?

>> No.19614019

>>19613989
They have.

>> No.19614047

IT doesnt it was just for the kek

>> No.19614094

No one here actually owns link and expects it to moon. It's just an elaborate joke.

>> No.19614124
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19614124

>>19614019

>> No.19614249

>>19613344
here you go op, this will be my good deed for today, 1 spoonfeed.

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 100$ really possibly in say the next 3-4-5 years?

>> No.19614266

LINK mooning also depends on ETH and BTC mooning. If you think $1000 EOY is possible, then you're committed to, what, $1mil BTC and $50k ETH too?

>> No.19614288

>>19614019
No banks use Cesidian Root

>> No.19614410

>>19614266
Buddy you are dangerously retarded. Seek help.

>> No.19614498

>>19613344
Mkt cap at 100B does not mean all 1B tokens sold, or are for sale, at $100. It only means the last traded price was $100, and that there are 1B coins. It's a hypothetical number that has nothing to do with trading activity.

There is something called an order book (order depth), and trading volume.

The amount of money that flows through a token is volume * price. You could say that since it's existence, $(avg_daily_vol * avg_daily_price * days_on_market) has passed through chainlink. Market cap has nothing to do with this.

Market cap only has a psychological function as traders look at it to compare the hypothetical size of the asset to others in the same asset class. So it might turn out there is resistance/support at prices that equate to certain mkt cap values.

>> No.19614687
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19614687

Waiting for the next fake partnership

>> No.19614913

>>19613344
Sure. No one sells below $100. Done.

>> No.19614940

>>19614266
HAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAAHHAHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHHAAHAHAHAHHAHAHAA

>> No.19614941

>>19614498
shut the fuck up man l0l

>> No.19615159

>>19614266
t. retard

>> No.19615171

When's the xdai moon?

>> No.19615232

if we make 100$ tomorrow worth 100c today

>> No.19615430

No one was skeptical during the last bull run when vaporware shitcoins and scams were breaking 20bn easy.

>> No.19615462

>>19613344
It's unbelievable how a fat flanneled piece of shit without scruples is scamming a community of retarded incels, he can't get away with that