/biz/ - Business & Finance

>>17567537
go to sleep sergey, tomorrow is another day

Staff sergeant, reporting.

>>8211036
Literally every transaction involving data requests to the ChainLink network will require the LINK token. There is no using the ChainLink network without using the LINK token. This does not mean the terms of the smart contracts in question can't trigger a payment in any currency (fiat or crypto) they choose - the actual request for data to the CL network will be paid in LINK.

>So why did they make the token at all? >Cynical money grab?

Imagine if they didn't. For the decentralised oracle network to be a success, they need a lot of unique node operators. Without this it's just another centralised network, with the corresponding security/reliability weaknesses. I'm talking the kind of numbers they're actually working with, and then some (Sergey mentioned close to 20k individuals had expressed intent to run a node in his eoy blog post) .

How do you bring about that amount of engagement with your network? You can't hire or manage 19k nodes by yourself... you need to legitimately engage a massive community of people. You do that with a token sale, and by distributing those tokens far and wide. Then you have a bunch of LINK holders ready to run nodes, incentivised to do so by the promise of earning more LINK in return for their services. What's going to make ChainLink valuable is network effect. Nothing else matters. If this becomes the de facto network to connect smart contracts to the real world then its game over. The network will become entrenched in the sense that it just won't make sense to compete with it, only to join it. Like Amazon. What other online book shops are there? Most smaller online marketplaces have become assimilated by and now trade on Amazon, rather than compete with it. The LINK token is what ultimately provides access to this network. Do you see its value yet?

>>8132561
Why does noone else get this. Whoever is making a contract that needs external data gets to specify in their SLA (Service Level Agreement) with the ChainLink network exactly how many nodes they require (they can even manually choose specific ones) and which aggregation contracts they will use.

This means for some more trivial cases (no big money on the line) an SLA can specify that the fee be cheap, but that it'll only require one node, or just a few. On the flipside, a financial smart contract - the market we're all excited about - which could be handling hundreds of thousands to millions of dollars can specify that it requires 1000 (or more!) unique nodes with stellar reputation. Of course, for this kind of heightened oracle reliability and security, they will need to offer a greater fee in their SLA.

You need to see beyond turf wars my friends and see ChainLink for what it is... the Amazon of Oracles.

>>7993257
You are doing god's work

>>7191489

You're way too diversified.

Consolidate to get rich, diversify to stay rich

>>6932233
Stay woke brother

I have seen a lot of shilling for the Weissman ratings over the last 24 hours. Why does some arbitrary rating system matter? Their analytics are inferior to memetics and we all know it. So ITT we make our own rankings. One with actual substance unlike this institutional money grab by TPTB. If you intend to give any credibility to this weisman system then you are a fool. It is meaningless.
That being said, memetics and the collective knowledge of /biz/ are not.Together we have more understanding of this market than any institution. I'll Start with an obvious one.

LINK: AAA+
The memery surrounding LINK is legendary and unsurpassed in the cryosphere. It is the chosen one and the pinnacle of our ranking system.

>>6787488
I know there's pain
Why do lock yourself up in these chains?
No one can change your life except for you
Don't ever let anyone step all over you
Just open your heart and your mind
Is it really fair to feel this way inside?

Some day somebody's gonna make you want to
Turn around and say goodbye
Until then baby are you going to let them
Hold you down and make you cry
Don't you know?
Don't you know things can change
Things'll go your way
If you hold on for one more day
Can you hold on for one more day
Things'll go your way
Hold on for one more day

You could sustain
Or are you comfortable with the pain?
You've got no one to blame for your unhappiness
You got yourself into your own mess
Lettin' your worries pass you by
Don't you think it's worth your time
To change your mind?

Some day somebody's gonna make you want to
Turn around and say goodbye
Until then baby are you going to let them
Hold you down and make you cry
Don't you know?
Don't you know things can change
Things'll go your way
If you hold on for one more day
Can you hold on for one more day
Things'll go your way
Hold on for one more day

I know that there is pain
But you hold on for one more day and
Break free from the chains
Yeah I know that there is pain
But you hold on for one more day and you
Break free, break from the chains

Some day somebody's gonna make you want to
Turn around and say goodbye
Until then baby are you going to let them
Hold you down and make you cry
Don't you know?
Don't you know things can change
Things'll go your way
If you hold on for one more day yeah
If you hold on

Don't you know things can change
Things'll go your way
If you hold on for one more day
If you hold on
Can you hold on
Can you hold on baby
Won't you tell me now
Hold on for one more day 'cause
It's gonna go your way

Don't you know things can change
Things'll go your way
If you hold on for one more day
Can't you change it this time

Make up your mind
Hold on
Hold on
Baby hold on

>>5346373

>>4945049
Glad to be of service