Imagine what staking is going to do? Imagine making 1% of your stack a month..
>10k link
>1k link a year in staking rewards
>link price $30
>$30,000 a year staking
Congrats on making it everyone. We all know the price is going over $30, put your phone down and enjoy your life.
>disclaimer
Doesnt apply to pathetic nulinkers
Is a 1k stack enough to make it?
No
1k suicide stack
10k make it stack
imagine 10x your crypto with moon3d. bonus schemes awaits
I'm pretty sure we will hit $4xx at some point so if 400k+ is enough for you to make it, yes
Hope you had the foresight to buy LP, have the technical knowledge to run a node yourself, or have $1 mil to stake with Coinbase
how are people going to be able to afford to use Link? I mean in an actual business sense.
I have 2 shares, im a burger so im a bit worried. Going to do both if im able and hopefully wash it that way so i wont get caught by the freedom authorities.
Ig things get hairy ill move to europe (i have french citizenship), but id rather not live among the cucks.
Can I get an invite to the linkpool shill discord?
Can leave temporary email in thread
One of the original 186, just want to make sure I'm on the same page with everyone else as far as what price floor we're making newfags buy at
>$1 mil to stake with Coinbase
Source? Also do you mean 1 million worth of link or just straight up liquid fiat?
What do you mean? If a business needs to spend 40k a year to save 100k they will do it.
Staking 2024 EOY!
I'm from Instagram what is the definition of a suicide stack
Staking rewards could get out of hand in the beginning, for short time frames, especially in niche data markets but I believe the transparency and flexibility of nodes would let the market regulate itself quite quickly. You have to think about this: If staking is profitable as fuck in the beginning, more people will want a piece of that, so they will either run own nodes or contribute to a pool. If that happens the supply of node runners is bigger and the rewards dwindle BUT so will the supply of LINK so it's gonna balance, you will earn fewer LINK but it's gonna be worth more in the end. It's gonna reach an equilibrium where a completely passive investment into a leading pool would net you 5-10% a year (close to traditional investments but probably higher because of the greater risk as it's not as mature). I think if you run nodes like a business and basically become a data manager you can go up to 20% on your stack, not including losses and costs tho. Could also be that at certain stack sizes you'll enter an area of diminishing returns as bigger collaterals aren't as affordable to most contracts, or in the other extreme where you could also earn LINK without a staked stack by mining data for contracts that want a thousand low quality public data inputs. So your revenue might not be dependant on your stack, that means your ROI can differ extremely. But as I said, in the end, completely passive probably 5-10% midterm and closer to 3-5% long term not including LINK price fluctuations.
i'm also a crowdsale buyer
why the fuck are you selling your LP
how would someone "save" 60k using Link?
jesus fucking christ this amount of business-ignorance is downright anti-semitic
fck im so jealous of people who have a LP share
I've almost bought but learned about it only 2 days before the ICO closed and I didn't know of the limit kek... anyways, snagged myself 0.24 for around $700, I think now it's closer to $2000 so not mad at that
I actually lold in my office. You racist fuck.
I hate reddit, but ill answer this for the 200th time..since it's been a few days since the last one (note, im a filthy nulinker that reads before investing)
It's a combination of and the base goal for smart contracts. Most companies will pay 90% of their increased revenue, because literally more money gross is better at almost any cost. I spent 4 billion dollars to make 4.5 billion dollars, means "I just made 500 million dollars" in business not "holy shit 4 billion is a lot of money".
Smart contracts will eliminate an insane amount of do-nothing office jobs. Especially in the sectors that CL is focusing on. I always fall back to trucking/shipping because I know it well. Paperwork and fat ladies sitting in offices pretending to do work accounts for 75%+ of the cost of doing business in the industry. Factor in another 5-10% for office space and infrastructure. That will be completely eliminated for shipping. Profits will go from 5-8% gross to 80% overnight. Hundreds of millions of dollars annually for even the middle tier
Suicide stack is min size to keep you from kysing if all these memes and prophecies are true.
Make it stack is min size to make it within a reasonable timeframe once the singularity begins.
That's my good deed for the day, back to m'vidya.
The amount of cash you'd waste on buying 1k link is enough to stand on when you hang yourself. Do yourself a favor and stay as far away from Link as possible.
eth is 15 tps, none of that is happening
buy bsv before you miss out
Enterprise will use Hyperledger, it's fine
To dive further into trucking: Eventually, once the IoT catches up and due to the significant, immediate cost savings of cat ladies using a basic functionality SC...it will work as predicted in the slides.
A shipper will enter in parameters into a SC, much like they already do now...if not even less work that now. It will get pushed to the load boards/marketplace to be bid. This system is still archaic and has do-nothing brokers in between taking 10-20% of the load's value to pass this information on to the truck drivers. Just cutting brokers will save a few hundred dollars per day per truck.
The contract will be ever evolving, factoring in planned weight (then real weight via IoT scale), weather, traffic, fuel prices, and time-cost at both ends for the drivers. All these things are estimated currently, and can be seriously off, and route rates/demand is only negotiated/predicted every quarter...not instantly and accurately.
The insurance will be cheaper, and more precise... also easier and faster payouts on things like spoilage or damage.
The paperwork and notification of successful delivery will be automatic, and payment will be instant....much faster than the net 30-60-90 of today.
The inventory systems will be precise, and almost automatic...saving approx 2-3 man hours of warehouse workers doing product counts, immediately transferred to the warehouses DB/Management systems.
So the first step is 70% more profit, the second eliminates another 10% workforce, saves drivers and shippers 10% profit each side (and is significantly more fair on both ends), Saves receivers 100+ bucks per load (x 50-300 a day) and maybe 30% floor/75% office salary.
I can go on and on, but you hopefully get the idea.
And link will do this
Not trying to be a dick but you think link will seriously facilitate all these cost savings?
wow wow wow wow $LINK
digitized contracts ie smart contracts will.
It's literally just a program that waits for data inputs then triggers a payment/command when the contract is completed from interpreting those inputs (price, payment in, distance, weather, traffic, fuel cost, available trucks, gps, temperature, g force, completion signal from receivers e-signature, payment to truckers bank account...etc etc etc) Those are all facilitated by LINK on both sides of the transaction (to the oracle, and paying the data provider).
These things are all currently monitored by hand, or by basic computer systems. Contracts get faxed over- then back, huge lawyer teams to fight over non-payments and language, accounting trying to keep track of 60 days worth of owed payments. An army of people to call/email to verify shipment information or to change load plans to another army of people on the other side.
It's a really over-complicated mess. That really only needs to be "i need this moved here for this much"
"I accept"
"ok you completed it here's your money".
Everything else can be automated by computer or handled quite easily by the drivers themselves. It's really just job security and holdover from ultra oldschool times with literal payphones and shit, trucking companies are already moving over to self-dispatch and giving out the truck data. It's the office workers trying to fight for their do nothing jobs and hording the data, something that wont be a problem when it's all digitized and on a blockchain instead of having to rely on Karen.
This is what crypto is best fit to do. Anything complicated by human elements of trust and coordination is apt to be remedied by the simplification of trustless distributed ledgers.
What is staking and how do I do it? Is it like dividends for holding link?
Not trying to be a dick but google the oracle problem.
Yes, trust-less digital agreements will significantly simplify and reduce the cost of doing anything that requires a business to business transaction such as buying, selling, or trading services.
The only known way to "power" this new revolutionary way to completely simplify these transactions is LINK. With reliable, repeatable, dependable, secure data inputs...that the contract can then use.
It's seems so stupidly easy, and so stupidly obvious that the initial shock value of your brain is "no fucking way" once your start to understand the implications.
Sergey drunkenly said last night "This is the internet, of the internet (age)". It's like trying to understand email while everyone is writing will quill and ink.
Not trying to sell this to you, I dont really give a fuck (and all the OGs don't either). Really, i should be fudding like everyone else because there's no reason anyone shouldn't be trying to accumulate more for themselves ASAP.
I appreciate it. I've invested 1k so far. I'm just trying to understand what link does better than its competitors.
Link is 1k each by end of year, boyo. By 2022 you're looking at almost 3-5k a link. 2030... 10k
When is the earliest you high IQ anons could see coinbase have staking implemented? I even .5% a month gets me so excited. Yes I'm aware of the 1m requirement.
Staking has never worked in any crypto and is just another idea that sounds good to brainlets who are getting scammed.
I will sell 10k and get 300k instead of staking like a brainlet
That's the crazy part, there are no (real) competitors. Most of the chains that claimed they were going to do oracles are already "partnered" ie are going to be customers, of Chainlink. This was the one and only real obstacle to blockchain actually doing something, and Chainlink solved it.
Normally I dont like to type out these long. rambling, poorly formatted posts repeating shit I already know from lurking Jow Forums for a few weeks and reading the readily available documentation...so ill summarize it how bluntly it should be
Every blockchain project that is trying to do anything other than "store of value" (btc), EVER, will require LINK to function. Past, present, and foreseeable future, EVERY SINGLE other project HAS to use LINK to function.
>Yes, really.
>Yes I'm aware of the 1m requirement.
Is this confirmed or speculation? Also is it 1 million in fiat or 1 million worth of link?
I said this last night in another thread, but my interpretation of the coinbase "staking" is more of a traditional loan for margin trading or whatever, not for node collateralization.
"staking" is waiting on the Chainlink devs to finalize the numbers/requirements/percentages. To be quite honest, people need to calm down and quit being moonboy faggots about it. There needs to be demand and traffic before it is even remotely needed,,,,even if it was implemented.
Which is why the dev team hasnt worked on it, it's not needed at this point, and wouldn't return anything if it was. End of this year when everything is out on the table and liquidity starts to dry up, then yeah the node operators are going to start needing outside help with collateral.
Eh it looks like it's legit "staking" on the other chains, so it's probably just a pre-order.
Technically, the nodes themselves could do everything to enable collateralization now...but again the problem is there's no demand, no traffic, and wouldn't make that big of a difference to a customer with such a small node pool (that has been reasonably vetted/KYC'd/hand-picked) to choose from.
We're not going to see billion dollar valued contracts just yet, boomers dont operate on our speed.
Don’t be, it’s way riskier than holding link, and if it’s really profitable there will be more competitors in the space
my sides
>"This is the internet, of the internet (age)"
Fucking THIS
I've been literally telling normalfags "there's another internet coming lol" - and the thought is impossible for them; so, it's instantly "okay retard, glad you have a hobby, Bitcoin is nerdy faggot shit gtfo"
Has shit to do with Bitcoin, but that's what they say, they know of nothing else but that word, "Bitcoin"
Man I got teared into by my highschool friends over this. Everyone except for 4 thought I was charlie from always sunny. I made a whole discord channel linking everything back to chainlink all the way from assblaster. Truely helping others is painful.
You sound smart. When do you think link will be around $500. That’s how much I need to make it. Also I’m nulinker
This newfag zoomer is an idiot holy fuck you brainlets what are you spoonfeeding here?
That's one of the true, actual uncertainties. It's all speculative value, and will be for another year or two. Guessing 20-50 eoy depending on how hard the announcements get pushed (CL is notorious for downplaying and not trying to pump).
The main issue I see is i'd like to have penalization enforced automatically. Giving bad data, especially something that triggers an incorrect output, should be 100% on the provider imo. This would also lock up a shiiiiiiitton of LINK in "staking" and make the price skyrocket. This can and hopefully will be enforced from the contractors side, saying "ill only chose you as an oracle if you cover any damages from wrong data", or some combination of a percentage and optional insurance from 3rd parties to cover "catastrophic events". The other bad part is outsourcing or doing it yourself through the agreement, the collateral can be in anything (crypto/fiat/nudes), it doesnt have to be in LINK unless CL does it from a protocol level.
The other thing is theres no precedent for how much you should pay for API data. There's reasonable assumptions, but it's up to the free market to figure out what every transaction is worth. Keep in mind that LINK has 18 decimal places, so there can be a big gap and quite a bit of scaleability on that side even at large costs per token...but then it affects the input miners, turning it into a giant jewfest of hording the most LINK for staking, and actually doing the function of the network is a distant second.
I always meme 30 eoy, 100 summer '20, 250 '21, 500 '22, 650-950 '23 when people start trying to get the jump on cashing out. But who the fuck knows, its all guessing and hope.
All i know is this shit is the future, and it's so bright I gotta wear shades.
>have the technical knowledge to run a node yourself
if you can follow a tutorial, you're good
Thanks for the help man. You've been very based in answering my pedantic questions. I've been burned in the past and I wanted to be sure about this before i invested hard earned cash that this was doing something innovative. I'm glad there are still helpful anons on the chains. I sincerely hope you make it.
You can start to extrapolate out what a link transaction "should" be worth. I'd need someone with more insider info, but obviously a triggered LINK settlement that sends out a SWIFT GPI payment message should slightly undercut the current system of ACH/EFT and some percentage of the capital utilization that you get from a
Can't fucking wait. Except I think we're gonna moon slower than your predictions.
FUCK. I'm really hoping it's sooner because I need money now or I'm fucked.
As Lord Sir Gay proclaimed, it's going to be slow slow slow....then a first adopter is going to get their earnings/numbers back. Then everyone is going to want their shit DLT/SC'd yesterday.
It's definitely going to go hyperbolic at some point, but yeah real world shit moves waaaay slower than you want/expect.
Those numbers are just a meme with no thought, and keep in mind im a dumb faggot truck driver to begin with. Personally I don't care when, I already know it's going to at some point. Plus I can semi-retire at $20+ anyways....so im not that impatient.
Keeping in mind as soon as LINK breaks triple digits from actual network utilization, literally 50% or more of the white collar office workers are going to be displaced, as I said earlier.
Going to be a whoooole lotta blood in the streets, and angry ass NPCs by the time we actually hit 1k, so be careful what we wish for.
One last bump to save all of my wasted effort of educating zoom zooms trying to moon moon off their lunch money.
I feel you lil niggas, I knew about BTC at 10 cents and never bought. I appreciate you all trying to make it, just the generational gap between knowing how to google and crying on an insta story till someone hand feeds you.
What is minimum LP needed to be allowed into first round of staking? 1 full share?
Bonus: What is the expected amount of Link allowed to be staked? 10K? is it a function of how many shares you own? Thanks
read their website dumb nigger
until your node gives false data and you get all your linkies wiped out.
sergey says it will be rare but it will happen even if you never intent to tamper with data.
Fuck, so even Sir Gay hinted at the singularity. Thank you based user and I hope to see more from you soon :). You helped to REALLY out things into perspective for me. Shit feels unreal. Hope you have a good time :)