LINKPOOL

Why do people buy linkpool shares if its so much cheaper to run your own node?

You can literally set your own node in 10 minutes by following this guide

newsatfit.com/65GWkCfi

So whats the reason, am I missing some big picture things?

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wrong link:

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>Why do people buy linkpool shares if its so much cheaper to run your own node?
because they enjoy rimming horses

memes aside there has to be an actual reason right?

Don't have to worry about uptime, finding node requsters, reputation, my collateral is safe, Jonny takes 25% of profits.
Get profits from his profits (staking, marketplace, naas, etc.) depending on how many LP shares I have.

You won't have to have a share to stake with LP in the future but you will get priority in the begining (importatnt if you want to earn a lot of Link at the start) if you hold LP.

wont that lead to alot of centralization problems?

In practice, LINK will be centralized. And it will go to $1000 anyway.

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'decentralization' is only needed up to a point where you get diminishing returns on further decentralization.

Setting up nodes are the easy part - how will you source valuable, private data for your node? Take PSD2 for example - you think banks are just going to let any literal who node resell their data for free?

20% of nodes will handle 80% of the traffic and neet nodes definitely won't be part of the 20%

Your attitude reminds me of Tay.
Heil hitler

How much does it cost to set up your own node? I never see anyone post the actual cost.

So if you set up a node right now do you start getting profits? If not what is linkpool distributing to its shareholders right now?

but cant we stake our link as collateral for the banks to justify the data transfer?

not alot it depends on what cloud provider you use

not now because staking rewards havent started yet and i dont know the linkpool distribution

if staking rewards haven't started yet then where is the link that linkpool gets coming from?

Heartbeat from sirgay and jobs on marketplace

First it was coming from transaction fees from LPs DEX for trading LP shares. This stopped since trading Linkpool shares became free.
Second, the heartbeat. This link comes from the devs every 5 minutes and is sent to Chainlink’s dev approved nodes in an amount of 0.3 repeating. There are 12 nodes and Linkpool is one of them.
Third, from Linkpool marketplace where there is a 15 Link fee for anyone listing a node. In the future, there will be additional fees. Later there will be actual staking income.

Can you give a rough estimate? I still don't know what price range we're talking about.

Jonnathan inserts his licker into the sphincters of our galloping companions.

i really dont know dude it would all be dependent on how active the network is

also since i guess there is a difference between a chad linkpool and a neet node that would affect profits aswell but i really have no idea on how to come up with an estimate

thanks niggers

about $700-$1k USD per year for AWS and fiews.io with emergency fail-overs included

the banks will run their nodes but they probably want to give access to a selected few trusted third parties too or else there will only be one node providing open banking data

Falling for a scam within a scam. Never change Jow Forums!

Yeah but it takes 30 seconds to send your LINK to LinkPool.

I think that's not accurate at all. I've read node operators comments about $150 / month

First let's see the numbers

>LINK 2.35 USD
>ETH 209 USD
>LP 8778 USD
>Amount of LINK you can buy with 8778 USD = 3735 LINK

There is a potential scenario where passive income from LinkPool shares yields much more than Chainlink itself.

Almost everyone assumes that mass adoption will be equivalent to instant moon missions, but this can take years to happen, meanwhile the network will continue to scale slowly and the real winners will be the node operators. The real problem is that unless you have a node already set up, listed and you've done your due dilligence researching what API data will have a high demand and start farming reputation right away by being online with a +99% uptime, your node may not be productive enough to earn lambo money. Remember that reputation metrics are essential for your node to have any chance. In the meantime LinkPool Shareholders will passively earn an amount of LINK equivalent to the growth of the network. People tend to assume this is a compound bet on top of another bet. But the risk is massively reduced if you earn all that money passively.

Underlying assets always outperform the asset itself, some user gave the example of how Bitcoin derivative (gbtc) outperformed btc by 100x in the last bullrun. The real question is how much LP to make it

I don't know, I gave them 12 ETH in the crowdsale and now I'm happy with the results. When NaaS and staking dApp are operative, I will probably be rich

They're mostly brainlets who have no technical ability at all, which is okay I guess.
What's not okay is how stupid they're being investing in a single staking platform to be successful in a market that's growing faster each day and LP disappears into the distance.
I've tried warning them that they're better off buying LINK and investing in the underlying protocol, but they're sticking their heels in to their decision.
Their stubbornness will cost them many gains missed

>You can literally set your own node in 10 minutes by following this guide
I got stuck at trying to connect my Posgres Database to my node. But I will take a look at the video.

Most people invested in this aren't programmers, I feel.

You have to be retarded to not own any LP early on. It will print free link before the rewards start to decrease. Beginning is gonna be the Link gold rush from LP shares and early staking for higher collateral contracts

Imagine thinking that LINK is a good investment
Now imagine thinking that an investment that gives potentially compounding returns by paying you in LINK is also a good investment

Can a Raspberry π 4 (4gb ram) run It 24/7 without overheating?

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Based and objectively optionspilled

Unironically this

You don't understand Linkpool at all if you keep bringing the "competition" argument. Yes, there will be other pools and staking pools, but most of them will use linkpool borrowed contracts. Why spend 1 year developing trustless staking pool contracts when you can just pay a fee to linkpool and they let you use your own node as a pool? They have their hosting service (naas), the listing service and they will provide reputation before anyone else. It's LINKPOOL's ecosystem at this point. Deal with it

LURKERS & NEWFAGS BEWARE - THIS IS A PAID SHILL THREAD. EASILY MANIPULATED BY WHALES WHO OWN A LARGE SUM OF THESE COINS. PUMP AND DUMPERS HAVE BEEN TARGETING Jow Forums FOR LONG. DO NOT FALL FOR THE SHILLS. BUY AT YOUR OWN PERIL.

They all follow the same path:

>1. Get pumped and then dump on you see price of chanlink dumping hard
>2. Get shilled hard (paid)
>3. Get dumped with a lot of excuses such as ; its just a dip or “are you stupid? it willl never be below” and blah blah
>4. Slowly dumps and dumps and dumps
>5. People forget the scam

You are in stage #1/2 which I am glad because #4 is the most painful

Fresh off the boat, from reddit, kid? heh I remember when I was just like you. Braindead. Lemme give you a tip so you can make it in this cyber sanctuary: never make jokes like that. You got no reputation here, you got no name, you got jackshit here. It's survival of the fittest and you ain't gonna survive long on Jow Forums by saying stupid jokes that your little hugbox cuntsucking reddit friends would upboat. None of that here. You don't upboat. You don't downboat. This ain't reddit, kid. This is Jow Forums. We have REAL intellectual discussion, something I don't think you're all that familiar with. You don't like it, you can hit the bricks on over to imgur, you daily show watching son of a bitch. I hope you don't tho. I hope you stay here and learn our ways. Things are different here, unlike any other place that the light of internet pop culture reaches. You can be anything here. Me ? heh, I'm a judge.. this place.... this place has a lot to offer... heh you'll see, kid . . . that is if you can handle it...

yea this makes perfect sense thanks, rip my dreams of running neet nodes

>It's LINKPOOL's ecosystem at this point.
Yep! They do have the 'first' marketplace, don't they?

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