Chainlink

I don't get it.

What's is the point of owning Chainlink tokens?

What benefit will I get if I own these tokens apart from hoping to sell to a greater fool?

Does the price movements of the token have any bearing on how this Chainlink system works?

What do the actual tokens do in this system and why does their price need to fluctuate on markets?

Do the tokens provide dividends or is my capital locked up for no reason?

I've read you can "stake" coins to get some kind of interest. But how is this interest generated and how much could it possibly be realistically? Doesn't seem like it would be very much at all?

I seems like these tokens were originally issued and sold as a way for the creators of Chainlink to raise capital for their business, but owning these tokens doesn't entitle Chainlink token holders to owning a share in the business or it's profits.

Will Chainlink provide dividends to it's token holders in the future when they become profitable, or at least will the creators of Chainlink buy their own coins with their profits to support the price of the token on the open market?

These Chainlink tokens went up a lot lately because of some news, but I just don't see the benefit of owning them, apart from the greater fool theory, what am I missing?

I get it when companies on the stock market increase in value, usually because they either have increased revenue and profits or they might have increased profits and growth in the future, and these profits may be payed out in the form of a dividend. So there is demand for owning the shares because investors want the future income stream so they buy now, driving up the share price.

But Chainlink? Why even? I don't get it.

This also applies to a lot of the other tokens and coins on coinmarketcap. Seems like they exist just as pure trading vehicles that fluctuate in price seemingly randomly, disconnected from reality.

Attached: ch.jpg (1080x1080, 117K)

I got kind of fuzzy after the "I don't get it." bit, but I think the answer is sell.

Do
Your
Own
Research

There's an answer to each of these questions with a simple google search you fucking idiot.

have you considered reading the whitepaper?

sell nigger, yes you're right the tokens are useless

Shit, you know i never thought of all that.... damn. I guess i got caught up in the hype but I'll market sell my stack now.

Stocks get pump and dumped too idiot

The whitepaper has no mention of how it’s decencralized oracles work. Sorry you got scammed.

"5.5 LINK token usage The ChainLink network utilizes the LINK token** to pay ChainLink Node operators for the retrieval of data from off-chain data feeds, formatting of data into blockchain readable formats, off-chain computation, and uptime guarantees they provide as operators. In order for a smart contract on networks like Ethereum to use a ChainLink node, they will need to pay their chosen ChainLink Node Operator using LINK tokens, with prices being set by the node operator based on demand for the off-chain resource their ChainLink provides, and the supply of other similar resources. The LINK token is an ERC20 token, with the additional ERC223 “transfer and call” functionality of transfer(address,uint256,bytes), allowing tokens to be received and processed by contracts within a single transaction."

Sound like something that will never happen.
Hardly anyone uses the ethereum blockchain for anything.
Blockchains have a shitty reputation and limited use case.

Muh email in the 90s.

Yes shitty stocks get pumped and dumped, just like shitty cryptocurrencies.

Why on earth would any business use the public ethereum block chain and public link tokens in their internal systems?

thizs makes me laugh, nulinkers asking questions that were dscussed agai and again for 2 years straight

This simple answer, OP, is don't buy. You've outsmarted us all, congratulations.

Fucking nulinkers but what is R3/Corda

Nice blog post faggot lurk moar and go back to plebit

Corda Oracles are part of the Corda platform, which is another enterprise blockchain solution. They aren’t an independent or decentralised oracle platform, but if your business uses R3 Corda for its blockchain tasks, you wouldn’t need a third party oracle service. That, of course, means it can’t be used with Ethereum or any other blockchain/smart contract platform." I know this is not decentralized but I have a feeling that banks like things safe and banks like to have control of everything. Decentralized platform like ChainLink would seem too extreme solution for conservative banks? My own bank has mentioned R3 and Corda and smart contracts multiple times within a year, thats why I wanted to know more about this. What do you think? Are centralized solutions more comfortable for institutions like banks? Is decentralized relevant in this sector? I just would like to have some conversation. Thank you!

Yes, it's basically "Chainlink allows you for using Chainlink".
Dead meme token.

Every time I read a chainlink thread it is pure idiocy and moon lambos. Very immature people involved.

Decentralisation only means the people pulling strings are unseen. Nobody knows who whales are. Institutions like banks demand accountability and direct control. This is why companies like Ripple have already won. They have administrative control of the XRP ledger and it’s development even though the ledger itself is in fact decentralised with Ripple unable to tamper with transactions or ‘block’ certain addresses.

bullish

BOOMER SPOTTED

Fuck off reddit, how fucking stupid are you guys over there, gtfo