Give it to me straight, is the adoption of Chainlink services by institutions going to drive token demand? I feel like this is the big unanswered question. All this usage by institutions is meaningless to us if they don't lead to token demand by these institutions and related entities.
Buying and holding the toekin is a symbolic gesture for retail investors aka poor people, not dissimilar to wearing a sports team shirt, the proceeds for which are never returned to the buyer but rather invested in furthering the team's brand.
SHHHH DON'T ASK THESE QUESTIONSFOCUS ON THE MILLION DOLLAR RESERVE INFLOW TODAY. THAT'S ALL YOU NEED TO WORRY ABOUTSO BULLISH
>>60930148>is the adoption of Chainlink services by institutions going to drive token demandYes. But my theory is that memes become reality after staking is offered to literally everyone.
Eventually, there will be a more open private or decentralized environment for the locking of link tokens to secure the network of information. Staking 1.0. Currently, until this happens, the tokens value is highly speculative, outside of the revenue it generates through its services that are put back into the token. Link has many ways it generates value currently through the token, but it's the nature of the value being locked away from circulating supply that will drive up the price of the token significantly. The new link reserve is another step towards positive price action, but a baby step. The token price is at the mercy of the free market. It only makes sense for the infrastructure to be built in a free, ground up, robust way, for the pie to be accumulated and distributed amongst the market participants and speculators. The network is being designed to succeed, and realistically, to transfer wealth from existing systems into the new
>>60930220> he network is being designed to succeed, and realistically, to transfer wealth from existing systems into the newDesigned to is at this point an understatement
>>60930365Absolutely
>>60930998Master race, buy link.
>>60930148No because you dont need the token to use the networkAlso no because le blockchain adds absolutely nothing that existing standards dont haveMfs acting like we dont have credit cards and 50 ways to send money digitally without paying gay gas fees
