So now that Chainlink has been proven to be a scam, what next?

So now that Chainlink has been proven to be a scam, what next?

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bump

how many times have you posted this you utter schizo incel?

HAVE SEX
YOU HAD 2 YEARS
SAGE

How many times did I prove that Chainlink is a scam? Every single time I posted it.

It's literal proof and you're unable to refute it, hence I win.

But how can a scam be supported by so many other reputable companies? If it does turn out to be a scam then does it hurt their reputation?

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 1000$ really possibly in say the next 3-4-5 years?

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unironically NANO

Incel. Engage in coitus.

well they do provide real centralized oracles, which the companies supporting them don't seem to care about decentralization or devs actually having any use case for Chainlink. They just care about promoting their own services by clickbaiting Blockchain and Ethereum.

The scam is they made easy centralized oracles that no one needs, and tell people they are decentralized to raise 32mil and pump their token to $4bil valuation.

Based and truthpilled