https://www.prnewswire.com/news-releases/chainlink-expands-collaboration-with-sp-global-ratings-to-bring-vault-risk-assessments-onchain-302921507.html
>>62826158>$11.62
>>62826158Another one
>>62826168
>>62826158>LINK is still a speculative shitcoinUntil they announce an economics update, there's zero reason to celebrate.
>>62826308It’s going to happen eventually. >t. Read the whitepaper
>>62826158bitcoin dump in 3...2...1......
>>62826226>$11.52
>>62826326I also read the whitepaper when it was released. Five years ago. That's 66 months and 13 days ago. Just to let make you aware of the passage of time.
>>62826473>the whitepaper>released five years agouhhhhhhhh anon, I...
>>62826308The tokenomics update will be them taking Chainlink Labs IPOing kek. And tokenholders will soon learn just how many shares their tokens are backed by in the real world
>>62826528i read it two weeks ago
>>62826158booom is very bullish coin , will surely rally to 12$ quickly !
Bitcoin is getting fucked!
>down 19.48% over 30 days LolLmao even
>>62826158Linksaars are we back?
>>62826528The Chainlink 2.0 whitepaper was released on April 15, 2021
>>62826158>expands>collaboration >assessment >nothing realIn the mean time, in Reality. Ripple just got authorized as a bank in US. >>62826308>>LINK is still a speculative shitcoinYep.
>>62826582That's not "the" whitepaper though is it
>>62826592>Ripple just got authorized as a bank in USAnd obviously other banks love adopting tech from competing banks right anon?
>>62826592You know there are like 4k banks in the US. It's not news, it's like you telling me a new restaurant opened in the US.
>>62826592>Ripple just got authorized as a bank in USIf anything, that makes the XRPL thesis even harder to justify. Banks arent going to abandon their own ledgers, infrastructure, compliance systems and control over settlement just to run everything on a competitors public blockchain. Theyll integrate with external networks when it makes business sense, not hand over their financial infrastructure.And now Ripple itself is moving into regulated banking. Why would banks need XRP or the XRPL when they can use regulated financial infrastructure, issue their own stablecoins and connect through interoperability protocols? Therefore a bank connecting to the XRPL doesnt mean it needs XRP, just as a Ripple partnership doesnt mean a bank is building its financial future around the token.
>>62826158More price feeds with zero token demand.
>Private>Anonymous>DecentralizedThey Said
>>62826636Defi price feeds in crypto alone made nodes about 100 million USD per year (see Dune from 2021-2024 or something). This is 100% token demand, since nodes have to be paid in Link.Tradfi is thousands of times bigger than Defi.You do the math.
>>62826612Which one is "the" whitepaper? I only read the 2.0 one
>>62826694It came out when the token did I was a single man with no children back then. Now I’m married with three kids.
KABOOOM!
>>62826649No one is saying that it's not needed. It's very much needed to pay for network services.But as you said:>Defi price feeds in crypto alone made nodes about 100 million USD per yearThey made 100 million USD per year from selling the fees they received. It didn't create any scarcity since they're not incentivized to actually hold the token. >get fees>dump them on the market for profitNo one has to actually hold any substantial amount of tokens. Nodes staking requirements are also pretty low. The pool is capped at ~40.9m for the community and 4.1m for nodes. The users of the network also don't create scarcity since they can pay with any token they want.So the loop is still:>smart contract uses network>pays with USDC>USDC is converted to LINK via PAL>nodes get fees in LINK>nodes dump LINK to make profitNo amount of institutional demand will change that. Only an economics update with expanded staking where scarcity is created organically. Until then, it's a speculative shitcoin.
>>62826726>They made 100 million USD per year from selling the fees they received.source?Also, isn't this how crypto mining works?
>>62826726Staking will lock up tokens as contract collateral to get slashed if foul play takes place. That is the catalyst.
>>62826754It’s happening…TONIGHT
>>62826158Wow nice ponzi scheme! Still not buying though
>>62826771More like tomorrow night
>>62826750>source?This is a claim >>62826649 made. You don't need to be a genius to deduce that they make a profit from operating a node. They wouldn't do it otherwise.>>62826754>Staking will lock up tokens as contract collateral to get slashed if foul play takes place. That is the catalyst.Once actual staking is released, sure. As of now, the infrastructure doesn't support it.
>>62826754>>62826840why is that the catalyst when it hasn't been the catalyst for pretty much any coin ever?ETH even went to shit after staking.>>62826840>You don't need to be a genius to deduce that they make a profit from operating a node. They wouldn't do it otherwise.Right. All crypto nodes work like this.
>>62826847so you are advocating for Chainlink to never release staking?>every crypto works like thisthen why hold LINK and not every other crypto?
>>62826871>so you are advocating for Chainlink to never release staking?No, it would be nice to have. But it's not what's keeping link out of the top 10 (or top 3 more realistically)>then why hold LINK and not every other crypto?Because Link is accomplishing so much more than almost every other crypto, while having the same basic tokenomics.Your reasoning is very dumb.
>>62826918but tokenomics are garbage across the board, and LINK itself doesn't accomplish shit, Chainlink tech is completely detached from LINK, until proper staking, which would tie all the network functions to it, setting it apart from every other crypto out thereare you genuinely stupid, anon? why don't you want staking?
>>62826754>Staking will lock up tokens as contract collateral to get slashed if foul play takes place. That is theCarrot that lured you in.Now you have to double down.
>>62826158This changes everything.
>>62826970Oh ok. What would be a good way to make a token valuable in your opinion?
>>62826953>tokenomics are garbage across the boardWhether you call them garbage or great, they are the same across the board yes.>Chainlink tech is completely detached from LINKSee >>62826649
>>62827031>What would be a good way to make a token valuable in your opinion?NTA but staking. Actual staking that secures the entire network and not a single ETH/USD feed. This will create scarcity and start the 'economic flywheel'.That's the thesis, and every baggie is hoping for this to finally happen. If this shit doesn't happen and the network can work as is, we've been holding a shitcoin and funding segay's bussy addiction.
>>62827394how did staking work out for ETH?
>>62826698Link has always been for your future grandkids not for you
>>62827471Imaging comparing L1 consensus staking to oracle security collateral.ETH's price got nuked because L2s cannibalized L1 gas fees, so EIP-1559 burn died and supply went back to being inflationary.LINK has a hard cap of 1B tokens and operates as agnostically across every single L2/L1 combined. Staking LINK isn't printing new tokens for block validation, t's locking supply to secure real world data and CCIP volume across the entire ecosystem. Completely different economic mechanics, read a whitepaper.
>>62827522>ETH supply went back to being inflationaryNo it didn't. The circulating supply today is pretty much exactly the same as when PoS launched on ETH.Wanna know when ETH was inflationary? All of the years when ETH did pump and didn't have staking yet.
>>62827031>token>valuable
fuck every single mother fucking stink
