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/biz/ - Business & Finance

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11797657 No.11797657 [Reply] [Original]

My token has value because people are going to use it on the network

>> No.11797714

>>11797657
>network
What kind of network?

>> No.11797740
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11797740

>>11797657
Here is a blueprint to finding out whether your shitcoin is worthless (99% yes) or not

https://medium.com/newtown-partners/velocity-of-tokens-26b313303b77

>> No.11797853

>>11797740

Imagine is the price of using windows was determined by the price of Microsoft's share...

It's just plain stupid.

Tokenomics is a Radjeet meme.

All of the token will go CCCOOOOOOOOOOOOONNNNNNNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECCCCCTTTT

>> No.11797882

>>11797853
A lot of tokens are worthless though. Maybe not 99.9% but probably like 90%.

>> No.11797909

>>11797853
the problem is not that a higher token price will make using the network more expensive because in that case you'd just need less tokens for the same amount of service/whatever, the problem with shitcoins (besides that they are useless in terms of the tech and the idea) is their monetary properties, they have no reason to go up in value even if the whole project/network is successful

>> No.11797953
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11797953

>>11797909
that true for most projects, but Link token price will directly correlate with the volume of the network and the amount of Links as a collateral

>> No.11798005
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11798005

>>11797953
indeed

>> No.11798452

>>11797953

Fren, I love you but it makes no sense.. you're saying that the price of using the blockchain will vary on the price of the token.

Businesses don't work that way... they sing contracts, so they can make predictions on their expenses and profits. They can't say well today the use of link's chain costs me 1$ but tomorrow maybe 3$ ...

The volatility in the price of the token caused by speculation creates a volatility in the price of accessing the chain. Not a single legit business is going to put up with thisat in the same way that not a single business is accepting payment in tokens... they are worth 10$ when you receive them but only 9$ when you sell them. If your profit margin is 10%, then you made no profit.

In the end, in a free market, there will always be an incentive to create a copy/past of the chain and price it lower... and everyone will move to chainlink 2.

Fren... I love you and I wish you the best. My only intent with this thread is to make you realize that the tokens we hold are wind and should be treated like wind. Speculation. Accumulating Link thinking the price could go because of speculation up is okay... accumulating Link because you think is inherently valuable is not okay.

Link and every token outside of BTC is wind... BTC is also wind but it has a function, that of trading alts so it get's a pass as not completely useless.

>> No.11798495

>>11798452
It will cost the same, brainlet
1 link can be $5 or $5000 and the cost of using the service can also be the same in fiat. Nigger

>> No.11798499

A blockchain is a lot like an internet provider.

Say you have a pizza joint and you think going online will help your venture. Well you pay 50$ a month for the service. You adjust your model to the new expense.

Now say you think chainlink will help your venture. But the price of joining the network constantly fluctuates. You can adjust your business model to it, and thus you won't join it.

>> No.11798507

>>11798495

explain your reasoning.