Absolutely 100% incontrovertibly needed.
token neededprice increase not :}enjoy 15 forever
>>61434759I'm peeling so hard rn
Can i just check the tokenomics?Companies pay for chainlink services off-chain to chainlink. Chainlink gives them link from their supply to pay nodes.Nodes then sell this link for actual money as staking is just a fun club to placate the community currently. Is this not just a double depressing force on link value?
Finally its needed!!!
>>61434851You forgot the part where users pay in link for services and have to marketbuy it (functions, automation, price feeds, ccip etc)>inb4 muh i can pay in any other coinSure. And then you read the contract and see it gets market converted to chainlink.CLL subsidizing nodes means they have the lever right now of how much inflow goes to selling (node subsidization)
Yeah but needs:- actual staking - a huge amount of contracts that utilise staking as collateral Neither of those things are coming
>>61434980>Neither of those things are comingDo you know Sergey personally?
>>61434999yes he's a slavshit scammer
>>61434999Yeah and he confirmed for me
>>61434759>the standard form of compensation to network service providers...are there non-standard forms? Why would they word it like that?>>61434937>Sure. And then you read the contract and see it gets market converted to chainlink.oh so >>61434797 is right except it will likely end up at $5 because the conversion in and out of link will not increase the price
>>61434851>>61434937how much do node operators actually dump? if sergey is selling OTC to mitigate dumps then doesnt that leave node operators to be the biggest routine dumpers? they get like 14% yield and the only one that seems to even do anything on the surface is SDL. im not rallying against node operators but im trying to find out how low commoooonity stakers are in the pecking order
>>61434928Is that the fucker from impractical jokers?
>>61434759Yes.
>>61434759Cope stinkie
>>61434937>it gets market converted to chainlinkand then it gets market converted to dollars, completing the net neutral cycle. the additional tokens dumped by chainlink then create the omnipresent sell pressure beloved by link marines
>>61435068All. If there was a slashing mechanism and different nodes with competing staked link then they would have incentive to accumulate. Currently there is quite literally zero reason for nodes to do anything other than instasell. It's not like they can pay for food with link so it serves no purpose to them.
THE
it's all so tiresome
