/biz/ - Business & Finance

>>21024858
>literally being audited right now

you're not getting in at a lower price

>>20983489
Hi, I'm anon, I'm not selling @ $10

>>20893734

The floor has been reached, time to buy back in

i know mine will be green, im all in.

>>20580986
At the end of the day, if Chainlink reaches even 1% of its total uninhibited potential, we're all gonna make it
just gets comfier by the day

>>20550226
Shhh the mutts shan't know

Can't wait to wake up to $9

>>20521548
Thanks for looking out for my financial well being OP, but I think ill hold now and buy more if it ever dumps to $5

Also
>tfw $5 is FUD

>>20480196
This will be very helpful. Thank you, fren.

>>20446513
>>20446516
>>20446544
/biz/ is always full of hope when LINK is pumping, so freaking cute

No linkers are scum.

OWN 2k Link, I just wish it would drop in value to about $1 so I could buy ALOT

https://www.youtube.com/watch?v=b86Pqlo9Aas

It's going to be glorious.

>made tons of money in one day without doing anything but masturbating
This is the life bros

>>20300037

>>20236714
tfw $5 is now FUD

>>20188157
>JULY 8
you should be having a good feeling

>>20139074
I know youre probably just new here, fren. But you wont shake me. I've been on /biz/ since March 2017 and turned $500 into $32,000 with that strategy.
You won't get my LINKs

>>20123781
>Either way, we'll all end up rich :)
Truer words have never been spoken

>>20079336
1 LP = 10k LINK staking rights at launch

As another anon said, eventually they will open up LinkPool nodes to non LP holders.
But as they've said many times, LP holders will get priority access to staking every last drop of LINK that they own before nolinkpoolers are allowed to stake in LP nodes.

>>19986826
Alright, so you're correct in that on a loan-per-entity basis, it is centralized at a fundamental single issuance.

But, similar to my previous post where those with rights to introduce assets into DMM are also centralized on a per-asset basis, as a whole the system is decentralized. If there are 50 people who can introduce new assets into DMM, it is decentralized.

Similarly, if there are 50 entities who are administering loans against assets, it is decentralized.

Instead of trusting one single entity, be it JP Morgan or Wells Fargo, these loans are decentralized in a manner that there could be an infinite amount of loan issuers.
From any country on earth, small, medium, or large.

DMM has a system where they give governing rights on a per-country basis, based on the GDP of said country. So you could have zekes zimbabwaen loan company issuing a loan, or you could have the Bank of China issuing a loan.
I do understand that on a per-loan basis, this is still centralized, but as a whole the system is then decentralized. This could, theoretically, be driven in a completely decentralized fashion as more DeFi loan applications (companies) pop up and gain trustworthiness.

As it stands currently in June of 2020, most people are going to want a loan issued by a central entity. DMM simply creates a decentralized area for anyone to use any of these entities in order to introduce assets into DMM.

And yes, there will be proper vetting of loan issuers to make sure that they arent actually garbage companies, and have a track record.