HOLY FUCK. I-I just realized $1000 LINK is not only possible, it's actually FUD

Connor Walker
Connor Walker

HOLY FUCK. I-I just realized $1000 LINK is not only possible, it's actually FUD

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Other urls found in this thread:

isda.org/a/MhgME/Legal-Guidelines-for-Smart-Derivatives-Contracts-Introduction.pdf
investopedia.com/ask/answers/052715/how-big-derivatives-market.asp

Andrew Lewis
Andrew Lewis

kys

Alexander Walker
Alexander Walker

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Michael Carter
Michael Carter

the true redpill is that 1$ link is not possible

Noah Ortiz
Noah Ortiz

What is market cap

Jack Baker
Jack Baker

Welcome

Christian Cooper
Christian Cooper

Keek

Joseph Long
Joseph Long

You're thinking in 2019 bear market terms. You need to be thinking in 2021/2022 bull market terms...

Robert Bennett
Robert Bennett

1000 sats

Austin Myers
Austin Myers

Kek

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Wyatt Rogers
Wyatt Rogers

welcome fren. this is why the people who understand are so comfy.

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Jason Wood
Jason Wood

You'll find out soon enough.

Daniel Flores
Daniel Flores

2 trillion +

Jeremiah Clark
Jeremiah Clark

Why

Mason Green
Mason Green

think about this logically. If Link gets to 1trillion total cap that means someone with 30% supply will have 300billions. That's ridiculous

Jack Johnson
Jack Johnson

This russian scammer has 650 million tokens. Some of those are set aside and will be GIVEN away to large corporations. Why aren't they kissing his ass on a daily basis "hoping" he chooses them? I'll tell you why. BECAUSE THEY DON'T FUCKING WANT THEM! Biz on the other hand can go days without eating just to buy moar. Fucking retards. These serial masturbators know more than Goldman Sachs and the Googles of the world. Bitcoin works. 10 years have passed. $2.50 will be chainlink's 20k moment. Cap this.

Julian Wood
Julian Wood

but the collateral will need to match the value of the derivatives
just because you network is being used to transact 10mil doesn't mean it is suddenly worth 10mil as well that's retarded

Once the contract has ended the locked tokens will be released back into the market again, they're not gone forever

Camden Moore
Camden Moore

the tokenomics of the network. say the chainlink runs 1 billion dollars through its network, which is basically nothing at all in a trillions market, the token needs to be worth enough to cover the colateral of the contracts the network is running. otherwise, the network cant work. Idk how serious you are asking why, but i hope you have enough IQ to figure out what i said. basically what im saying is if chainlink gains ANY i mean ANY traction in just one market its targeting, the token will have to be worth way more then it is right now.

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Tyler Ortiz
Tyler Ortiz

thats why we say $1000 eoy is fud. because if link just does okay in several markets then the token would be of ridiculous value.

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Adam Powell
Adam Powell

checked, but youre still a brainlet
think about what you said
this is some weak ass fud, as it doesnt even make sense logically

Julian Reed
Julian Reed

A metric that means absolutely nothing at all

James Perry
James Perry

Even if the Chainlink platform becomes too worthwhile for the corporate world to pass up on - do you think they'll be happy to pay so much to access these node networks? Will they saying to themselves "Can't believe we have to pay fucking $1000 apiece for these fucking Chuck E Cheese tokens, why couldn't our engineers come up with something cheaper?"

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Oliver Cooper
Oliver Cooper

Some user was saying the other day that at least initially the type of contracts that would use link would be so important that they wouldn't think twice about dropping 1K for the extra security and trustlessness

Juan Collins
Juan Collins

Network effect. The entire value is the node network.

Camden Reyes
Camden Reyes

Yeah also the collateral just has to be valuable enligh for the node operator to be worried about losing. Some neet would be worried about losing 40k USD even if he’s helping a 10 million dollar contract

Asher Phillips
Asher Phillips

Retarded or trolling? So hard to tell nowadays

Nathaniel Martin
Nathaniel Martin

Its divisible by 18 decimals, you dont have to buy a full link everytime you can buy a fraction of a link

Logan Nguyen
Logan Nguyen

Some user was saying the other day that at least initially the type of contracts that would use link would be so important that they wouldn't think twice about dropping 1K for the extra security and trustlessness

Trade Association for Derivatives market just released legal guidance on developing smart contracts for derivatives

isda.org/a/MhgME/Legal-Guidelines-for-Smart-Derivatives-Contracts-Introduction.pdf

Inb4 “ctrl-f chainlink 0 results” because ctrl-f “oracles” = 4 results.

For example, a particular smart derivatives contract model may involve the use of external data sources or ‘oracles’. These oracles may interact with a DLT platform and be utilized to the extent instructed by the terms of the ISDA Master Agreement (or by the terms of a transaction governed by it).

There are different ways to measure the size of the derivatives market, and different ways lead to very different results, but LOW end is 12 Trillion

investopedia.com/ask/answers/052715/how-big-derivatives-market.asp

Don’t say I never spoon fed you anons.

Ryder Bailey
Ryder Bailey

The case for linkpool

Jaxon King
Jaxon King

You didn’t explain at all why it’s necessary for the oracles market to be multiple trillions tho

Isaac Davis
Isaac Davis

Because that faggot brainlet doesnt understand that the value comes from usage and volume of smart contracts and thinks every derivative contract needs to be backed in Link or some stupid shit like that.

Aaron Allen
Aaron Allen

Because that faggot brainlet doesnt understand that the value comes from usage and volume of smart contracts and thinks every derivative contract needs to be backed in Link or some stupid shit like that.

The reason you are a fuckhead asshole is that you are not as retarded as you are pretending to be, but you are just trying to fud to fuck over the other anons reading this.

For their sake I am going to lay it out.
1) most smart derivatives contracts are going to require an oracle because, by definition a derivative is based on value of another asset, such as, say price of crude oil.
2) chainlink provide a decentralized oracle service, where several nodes all provide this value
3) in order to incentivize them to give the RIGHT answer, they are required to stake their link tokens, i.e. provide "collateral"
4) the smart contract holder is going to require a minimum amount of collateral to act as the oracle. That amount of collateral is going to be set by the market, but, to a first approximation, its going to be on the ORDER of the value of the contract. I.e., you have a contract for 10 million worth of oil futures, you are going to demand that someone providing oracle services has lots of skin in the game, because otherwise they could really fuck you over
5) in return for staking its collateral, the oracle node gets PAID by the smart contract owner in the same token, chainlink.

Jeremiah Barnes
Jeremiah Barnes

sirgays 350million is definitely not priced in until the very moment he starts selling them.

Anthony Morales
Anthony Morales

where can i buy this sports jacket
it would look great on my wife's son

Leo Hughes
Leo Hughes

Dumbfag here... not fud..... so what happens if that node operator has enough link to act as collateral in fiat value at the begining of the contract, but by the end of the contract each link token values drops, isn’t the fiat value of the collateral just dropped?

Lincoln Turner
Lincoln Turner

still doesnt explain why that much collateral should be put up.... like im not understanding why its even necessary to force people to put up 10million for a 10million contract when in reality they would be pissed to lose even 40k

Connor Williams
Connor Williams

wait... does AI need oracles?

Blake Bell
Blake Bell

based simple answer for newfags

godspeed user

Austin Phillips
Austin Phillips

thats why linkpool exists

it spreads the risk among all its participants stinkies in the group

Austin Gomez
Austin Gomez

im not understanding why its even necessary to force people

Who's forcing?

Luke Gray
Luke Gray

Who is the contract between? Are their 3 parties including the oracle provider? I’m not sure what you mean by contract holder. A regular contract is technically “held” by the parties who have entered into it. There isn’t one holder.

Tyler Ross
Tyler Ross

Ah that makes sense I was wondering wtf linkpool was, so they just crowdfund collateral for these smart contracts

Nathan Rivera
Nathan Rivera

yeah people talk shit about the 25% fees but it's pretty much how fund managers charge in IB and LP is essentially fund management for linkies

Isaiah Hernandez
Isaiah Hernandez

1) most smart derivatives contracts are going to require an oracle because, by definition a derivative is based on value of another asset, such as, say price of crude oil.
Wrong, they require the oracle to trigger the contract so backoffice operations happen automated.
Derivatives will still be traded in rather centralized fashion, the Dtcc has no plans going full decentralized, it doesn‘t need to.

2) chainlink provide a decentralized oracle service, where several nodes all provide this value
You can pick as many nodes as you wish for decentralization, no need to pick single node retards that stake a hundred million Link.
The decentralization is what gives it te security.

3) in order to incentivize them to give the RIGHT answer, they are required to stake their link tokens, i.e. provide "collateral"
Wrong, the incentive is that you get paid in Link when your node answers a job.
Staking is just an additional feature which helps getting MORE jobs.
More calls to your node = more traffic = more Link paid to you

4) the smart contract holder is going to require a minimum amount of collateral to act as the oracle. That amount of collateral is going to be set by the market
Thats also wrong, collataral is set by the smart contract owner not the market, that was already confirmed.

you have a contract for 10 million worth of oil futures, you are going to demand that someone providing oracle services has lots of skin in the game,
Thats why the contract will aggregate answers from several oracles so no oracle needs to actually stake 10 million.

5) in return for staking its collateral, the oracle node gets PAID by the smart contract owner in the same token, chainlink
again you mouthbreather the incentive is getting paid in Link for providing 24/7 uptime of your Link node and accepting jobs.

Sry nigger but you don‘t even understand how its gonna work, I‘ urge you to read the manual before you invest more money than your brown ass can afford to lose.

Gavin Miller
Gavin Miller

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Austin Bennett
Austin Bennett

collataral is set by the smart contract owner not the market
Think about this for a second, sure I as a owner can put 1 LINK as collateral, would I get many jobs? Probably not.
The market is what ultimately sets the appropriate collateral.

Owen Thomas
Owen Thomas

correct

Julian Gray
Julian Gray

If Link gets to 1trillion total cap that means someone with 30% supply will have 300billions.
That's not how market cap works.
As a rule; the more you sell, the lower the price goes.

Parker Lee
Parker Lee

The customer decides how much decentralization he wants (how many nodes and jobs it takes to fullfill his contract).
More nodes requested for answer = more Link has to be paid for the additional security.

Alexander Foster
Alexander Foster

What is Link can be sliced and diced into any decimal?
Niggers are subhuman

Elijah Clark
Elijah Clark

They will pay in usd which will be converted to the equivalent amount in link. So it won’t seem expensive to users. They won’t even need to be aware they’re using chainlink tokens

Isaiah Adams
Isaiah Adams

No, just no!
Get out of the echo chamber and actually think about it.
Just because deluded poorfags with 5k link say its going to 1000 eoy easily doesn't mean shit.

Noah Robinson
Noah Robinson

linky stinky btfo lol so easy when will you faggots realize

David Wilson
David Wilson

Smart contract needs to know temperature of an industrial environment (data). It's fucking 400 degrees. $400 million worth of chainlink is needed to provide tamper proof data. Oh my.

Logan Stewart
Logan Stewart

Can you believe that they spent so much money on an alarm clock?

Josiah Turner
Josiah Turner

Theres a lot of stupid in this thread. 80% wont make it. Thank god though, couldnt imagine half you mouth breathers with money.

Samuel Lee
Samuel Lee

But if LINK is duvusBke corner the decimal do that it costs less!

Eli Fisher
Eli Fisher

Thats also wrong, collataral is set by the smart contract owner not the market, that was already confirmed.

you're missing the point being made here. yes, the smart contract owner sets the collateral, but the market will drive their behavior. if i own mcdonalds i can charge $17 for a big mac or $4. the decision is mine but the market will determine what i can get away with.

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