/biz/ - Business & Finance

https://www.youtube.com/watch?v=oBjq-cV2BkI

Dear Sergey,

You made a 892 second long speech today. In it, you said "fundamentally" 21 times (see below). That is once every 42 seconds. This isn't even considering the times you said "fundamental". Please try and avoid overusing this word.

Thank you.

t. linklet

00:25
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it's been the longest two years of my life.
wen smile?

What would it take for LINK to be $1000?

1) SWIFT made 2bn pmt msgs p/a in the mid 2000s = 8 million msgs per business day. (Source: fincen.gov/sites/default/files/shared/Appendix_D.pdf)

2) SWIFT transactions added = US$5 T p/day in the mid 2000s. (Same source).

3) SWIFT made 15mm pmt msgs daily on avg in '18 (Source: swift.com/about-us/swift-fin-traffic-figures/monthly-figures)

4) We can see the avg SWIFT transaction in the mid 2000s was 5000 [bn US$ transacted per day] / 0.008 [bn transactions per day] = 625k US$ per transaction. ON AVG.

5) Interbank transactions cost approx 1.5% in fees when transacting 100k us$. Let's say it's a fixed 150 dollars, just to be conservative, so let's assume even those 625k transactions cost 150 bucks to carry out.

6) This means that today, a conservative estimate for the payment market is 150 (us$ cost per transaction) * 15 million (transactions per day) * 250 (business days in a year) annually which is 562.5bn us$. Let's say 560. Very conservative because we considered a fixed cost and only SWIFT *payments*. Not other operators, and not SWIFT securities transactions which are also huge.

7) There will be 1bn link tokens in circulation. Let's assume all tokens will be staked on nodes, generating passive income. Therefore the value of each token will depend on how much dividend they produce each year, like any fixed income asset.

8) Assuming link's risk profile isn't particularly low, a return rate of 7% p/a wouldn't be out of the ordinary.

9) Thus, in order for each LINK token to be worth 1k, each one needs to generate 7% (us$70) p/year. So US$70 * 1bn tokens => Chainlink needs to capture a 70bn market participation.

10) 70/560 = 0.125. In order for LINK to be worth 1k, it needs to capture 12.5% of SWIFT's PAYMENT MARKET. The real market also includes other operators, and also securities transactions NOT INCLUDED IN THIS CALCULATION. Chainlink's real target in order to reach 1k is more like 6% of the market.

t. [redacted]

>>13288495
>RIP Todd or Tom or whatever your name is.
t. Sergey

Isn't it dumping in korea

https://www.bithumb.com/tradingview/chartPopup/LINK

>>13267671

was 2721 KRW = US$ 2.38

t. [redacted]

a few hours ago in korea was US$1.99!? (2261 KRW)

Ho Lee Shet

Strap in bois.

I know bithumb was "hacked" and funds cannot be withdrawn.

But why is [redacted] one of (or the only?) token that's nearly double the price on bithumb vs outside exchanges? And it's been there for quite some time now...

I did a quick check and found no other bithumb listed coin with such a dramatic price difference on bithumb vs the outside world.

t. [redacted]

>>13085879

How are my fellow finnons doing? Anything interesting going on over there in the finnish 4chan? It's been a long time since I've visited finland, or the finnish 4chan.

Google translate sucks, and my finnish is really crappy...so is there anything noteworthy going on overthere, linkwise? Still super stinky?

t. link marine

>>12690258
OP I hold you hold a fat stack of LINK
you deserve it

>>12656091
haha woops stole ya job

I knew some chinese project bought bittorrent, but didn't find about the ICO until it was too late.

So my question to you is: which websites should I add to my daily crypto news? I currently browse biz, and that's about it - in terms of crypto at least.

t. Major link marine regretting not getting into the BTT ICO.

>>12643941
Great work anon

>>12381424
Nice work anon

>>12372025
>Tron contains one of the best CEO's if not the best ceo on the market.
stopped reading there

Sergey Nazarov

92% LINK
08% NKN

Unironic 45k link marine here.

Last night I dreamt about the singularity. ETH shot up to tens of thousands in seconds, as I was watching ETH/USDT. LINK followed suit, and shot up to the hundreds.

We're gonna make it.

>>12230966
>the world runs on trust you stupid fuck

https://www.youtube.com/watch?v=e2QYR8rtOTs

Just so we leave the fgla thread clear of this crap.

I was expecting to 5x my bags of LINK (from the current 50k I have to around 250k) when it reached $0.1, but that's not gonna happen now, is it? FUCK.

''so You are Bitcoin person? That's cool, that's very cool, yeah.''