Linkpool Thread

>Linkpool shares are way too expensive, no way I'm paying this much JUST to stake some Link.
I'm hearing this over and over again, so I wanted to give an explanation why LP are traded at almost 50 ETH per share right now.

There are only 4000 shares in total and every penny Linkpool earns from all income sources get distributed among all shareholders. The income sources are as follows:
1. Effortless and trustless staking, where Linkpool takes a 25% cut of the rewards for doing all the work and gives the stakers 75%.
2. Node as a Service (NaaS): You pay a fix USD fee to use the Linkpool infrastructure for your node, but you get to decide which data to offer and you keep all of the profits.
medium.com/linkpool/announcing-node-as-a-service-2034ee42d2d9
3. Chainlink Marketplace, designed service for finding Chainlink nodes, adaptors, jobs and data sources.
medium.com/linkpool/announcing-the-first-chainlink-marketplace-a0dbfd5d13e3

The staking priority you get as a LP shareholder is just the cherry on top. In a few years one LP will earn enough passive income to sustain a humble neet life.
Even at 48 ETH per share Linkpool is currently valued at only ~1.7% of Chainlink's total market cap. Is that too expensive for the largest and most trusted staking pool? Nope, I don't think so.
staking.linkpool.io/dex

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Here are my payouts, that are only coming from the ONE node Linkpool is currently running.
(Only 8 or so Chainlink nodes are active right now, all hand picked by Sergey himself. In the future Linkpool will run hundreds of nodes).

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They'll do ETH staking when that happens too
Also, salty burgers whos daddy government won't let them invest have no say in this thread

Why would one choose linkpool over coinbase for staking? The latter doesn't require one to purchase a share that is not even available to American investors.

About US citizens not being able to use LP:
Basically when the website sees that someone is from the US it sends them a warning:
"You're from the US, you can use LP at your own risk and most likely nothing will happen, but we as LP need to condone US users, just to make sure the SEC doesn't come after us."
So, just don't be a pussy and use LP anyway. The SEC doesn't go after the small investors, they always go after the issuer of illegal securities.

>50 ETH per share right now
That is over 11k...why would anyone in their right mind buy a LP share over simply accumulating more link tokens? As for staking, just stake on coinbase, doesn't require one to dump over 11 grand to purchase a LP share.

Please explain to brainlet:

If i now send my 1000 links to linkpool, can i start immediately or do i need LP shares ? what are they for?

can i withdraw my linkies whenever i want to?

is it even profitable to stack 1k or even LESS links?

thank you for answers, im poorfag and interested to try, this staking thing feels like what bitcoin mining was at the beginning. confusing, but interesting.

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>coinbase staking

is the coinbase link staking live?

If everyone stakes with Coinbase it really hurts the network decentralisation.
The most likely outcome are many staking pools of different sizes, all competing in terms of fees.
Given that Linkpool is the first one it should do really well.

So you paid 15k and made 48 bucks?

Chainlink staking isn't live yet, because Sergey is still deciding by himself who gets to run a node. This will change and once everyone can run a node, then the staking pools will open their doors.
Linkpool is trustless, you can withdraw you Link at any time. It will be profitable to stake any amount of Link. If you hold the token, why not stake it.

Those profits are since main net and only from one node. The returns on a yearly basis are already quite nice, on ONE node.

only thing im afraid that is the linkpool safe? do they held the keys to your coins or isit something decentralized or whats it called

Good thread
Mfw

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>If everyone stakes with Coinbase it really hurts the network decentralisation.
Agreed, but wouldn't the same logic also apply if a majority chooses to stake with linkpool? Also coinbase staking requires a minimum of 1 million worth of tokens, so many people will be priced out regardless. I like linkpool and since Jonny is a part of the official chainlink team, I have no doubt they will offer a great service; however I just can't justify spending over 11k for a LP share when that money can be better used to accumulate more link tokens, especially before September if the larps are accurate.

Jonny is aware of the decentralisation problematic. They can control that directly by changing the staking allowance per LP share.
Because of that the initial allowance will start very low, to make sure Linkpool is never much above 10% of the total Chainlink network (which is their long term goal).

The thing is, if Linkpool, which is currently valued at 1.7% of Link's market cap, is handling 10% of the network traffic, then it will outperform the token by a lot.

Coinbase institutional custody
/thread

But my stacks not big enough to qualify for $1m instititional investors limit... no problem buy 48 ETH worth of chain link, and wait... you will qualify. Patience is a virtue.

Based

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Exactly my point, that 48-50 eth can be used to accumulate more chainlink tokens, and Coinbase is no joke, fully SEC compliant and I'd wager the staking service will be on par if not better than linkpool.

Agreed about coinbase but how many linkers can afford the 1 million dollar worth of link to stake?

Unless I'm misunderstanding cb staking protocol

While you guys are waiting with your dicks in your hand for your stacks to be worth $1m, LP holders will already have been earning revenue off the LINK network and growing their stacks for some time. Furthermore, don't anticipate you'll be getting staking priority on CB! Those with nodes that have run the longest and earned the best reputation will receive the most requests

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OG linkers have sizeable stacks...also the 1 MM staking requirement means most people will be priced out, so this is good for the Chainlink Network since decentralization won't be harmed.

you need a million dollars in your acount to have an acount with them.

Do i need to buy LP shares in order to stake my linkies?

you are not one and neither is the rest of the faggots that bought above 2.00. How does that make them money and how does that help the network

I have a 90k stack with average buyin price of 44 cents. It helps the network because the fear of coinbase hoarding all the people that want to stake is eliminated since the requirement to stake is too high. Most anons will be priced out so coinbase staking is akin to a VIP club.

Is everyone else an idiot or is it just me? People discuss LP as if the ability to stake your LINK early is the main draw. This is a "literally who gives a flying FUCK" reason to own LP. OP even said it but people just gloss over it.
EVERYONE will be able to stake their LINK in like, what, a year? The reason to own LP is for the dividends paid out REGARDLESS of the amount of LINK you have staked.

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You are correct, a LP share would be nice to have, the question is, is it worth 11 grand to own one?

I'm just torn whether to accumulate more link for short term gain (sept announcement) or dump some more into LP. I have around 0.5 LP now and I can probably stretch it to 0.8, but I'm not sure whether I'll just miss on the gains with link.

no you dont you dont need to lie on an user image board to make yourself feel better

size of link stack?

These are, in fact, the questions.

3k, late nulinker here

Looking at the USD value isn't helpful. The right comparision to make is VS Chainlink. How much of Link's total market cap should the first, largest and most trusted staking pool be worth?
Is it realistic for Linkpool to reach their goal of accounting for 10% of the Chainlink network traffic?

You would have a point if Coinbase didn't offer a staking service. Also I think 10% is too optimistic because if Chainlink really takes off like the memes then Linkpool will have a ton of competitors. I would say 5% is a more realistic goal, which is still a large amount.

What should we keep an eye out form in terms of a trustworthy linkpool competitor?

thats the thing, buy more link or spend a fuck load on lp. Im buying more link. All that other shit can come later.

also this is another thing to think about. 25% is still a lot to skim off the top. I can guarentee you when all the hard work has been done somewill will copy and paste the code and do it for 20%,15%,10% etc etc

Only ones I can think of is Coinbase and Binance US since they are both fully SEC compliant.

there's no proof CB is even offering staking

NONE
shoulda just bought the crowdsale with me and 185 of my linkmarine brothers

get more link, godspeed

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Is there a way to use chainlink to track how many chain links everyone puts together into a node. And it would distribute the return according to the % owned

>also this is another thing to think about. 25% is still a lot to skim off the top. I can guarentee you when all the hard work has been done somewill will copy and paste the code and do it for 20%,15%,10% etc etc

will shareholders even have any say in the matter? Can the community decrease the % profit margin down the line?

You have to admit that back then Linkpool looked very shady, only when Jonny joined the official team did things clear up; unfortunately by then it was too late.

the confido thing didn't help things for sure

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it still looks shady. 25% link is way to much to take
how will share holders have a say in the competition? some shithead on Jow Forums are trying to do the same thing right now as we speak

I was fully convinced just from talking to jonny,,, i was broke at the time and barely scraped enough to even buy into it .... now I've got 250 ETH worth of link but I'll never get another opportunity to buy the lp crowdsale agin

thanks I might do that. I can only accumulate around 2500 per year at current prices, so it may ultimately be more profitable to just go into LP and forget about the whole deal. Thanks for your help tho

I remember LP shareholders having some voting rights, but I'm not sure to what extent and when

How many shares do you own? I have 1.4 and only have made 2 link..

Linkpool was never scammy. They were always upfront about things. Jonny looks to be trying to keep a public persona so I wouldn’t worry about exit scamming or stuff like that. The work with chainlink seems too important and a greater cause to risk any problems.

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jonny pls

he's def got a lot
probably makes these threads and offloads LP on the dex

Kek. Not Jonny. I knew it sounded to shillish. I’ve just been around since the beginning. Perhaps I’m too trusting.

This is a delusional pipe-dream that has already 20x'd. It's over. Sell before the hard bleed like TOMO, ONT, and every other staking project.

Buy PNK before the first hop and you will make it.

fuck linkpool, im a 6k linklet and imma stake 1k on 6 different pools a year from now and make so much money i'll have yacht parties on the daily checkem

2 more to 400, will you be one of them?

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Delusion

that's not true. anyone can run a node on the network. Coinbase can run their own node and advertise for it, stake and service jobs. But, it won't be listed on Chainlink website as recommended nodes until inspected. but they still show up on the list of probably thousands that's going to be out there.

it's trustless. all in smart contracts. you can withdraw your LINKs whenever you want but you lose your spot ony that node. and no, there is no way for them to ever control your LINKs, it's all in smart contracts and open source. there is also no switch off to payouts. as long as they're up and running, you're receiving income, potentially forever.

Secure Data links are working on one too apparently

>comparing scams with zero use case to LINK

Holy fuck you are stupid

Coinbase Custody offers staking user...

the code doesn't determine profitability of node. Only 20% of nodes will be getting 80% of highly profitable contracts. Even if someone copy and paste Linkpool's source code you still can't guarantee that they will have the same popularity and branding that attracts institutional contracts

>25% is too much to take
that's about the same amount fund managers take

Even if someone steals LP's source code and offers lower fees you still can't guarantee that contracts worth 7+ digits would risk querying your literal who node

What is better - 75% of $100 or 99% of $10

707 is my lucky number, so checked.

Has anyone considered the possibility of down the line, let's say you're staking through LP, Coinbase, whoever. Eventually you are making/worth so much that's it's more profitable to hire tech people to run your own node. The "run your own node is a thing only for technical coders" when your rich as fuck seems strange to me. Couldn't you employ people to run it for you, just like any business?

>t. san fran fag

You would trust some code monkeys with your Link tokens?

No, sqrt(2)/2 fag
What is security?