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/biz/ - Business & Finance

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14849156 No.14849156 [Reply] [Original]

>billion dollar smart-contracts
>billion dollar smart-contracts
>billion dollar smart-contracts

Even if chainlink was to work(it won't), it would still fail because of bad tokenomics, which is also an inherent blockchain problem.

It goes like this :

>Person want to do transfer of value via smart-contract
>Person pay personal money to ''secure'' contract
>Node network become more and more trusted
>Person need to pay less and less money because node network more and more safe

The chainlink token is fundamentally useless, and that is probably the less important problem about the whole project.

>> No.14849161

>>14849156
i'm gonna be fundamentally rich nigger

>> No.14849163

plebbit quality fud

>> No.14849182

>>14849156
WE'RE GONNA MAKE IT BY NEXT MONTH

>> No.14849192

>less important problem
What did anon mean?

>> No.14849207

>Even if Chainlink [was]
It's "were" you stupid fuck. Why would I take anyone seriously who doesn't know how to use a subjunctive.

>> No.14849228
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14849228

>>14849207
Grammatical errors do not invalidate an argument coper

>> No.14849232

Would you pay more money if you knew the data you are fetching is more likely to be correct?

Weak FUD, 1K EOY, fuck jannies and discord trannies.

>> No.14849272

>>14849207
I am fundamentally tire, it's late in my timezone, and I can speak 5 languages. Chainlink is/was a scam. Maybe you could've said like this anon >>14849192
The correct form would be least important. Burgers always BTFO'D.

>> No.14849293

>>14849232
Yes, but if you know that the data will always be more and more correct, you will want to pay less and less money because no need to pay more.

>> No.14849327

>>14849156
Exactly what I've been saying. Don't get me wrong I'm holding and hopefully will pick a good time to sell but long term prospects aren't good.

Going further to illustrate the issue right now we have companies with known brands setting up nodes. The brand is sacred and combined with their excellent chainlink reputation after some time processing jobs, reliability will be no concern.

Now for job costs, no link needed to run a node right? A company with a brand can just run a node cheaply with no link staked and simply use their brand and reputation for the trust factor and offer cheap Oracle services to undercut all the neet nodes with their staked link who need a return on their investment. Why would they do that? How many examples do you need of a companies offering cheap/free services just for the name recognition, especially in tech where it doesn't cost them Jack shit to do it?

>> No.14849509
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14849509

>>14849182
WTF HAPPENS NEXT MONTH

>> No.14849622

>>14849327
Will companies use a node that isn't putting up any collateral in their node when they can just stroll over to the coming marketplace and choose one, three, seven, whatever they need that does?

>> No.14849629
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14849629

>>14849293
>>14849327
This isnt made for your cuckold kitties game and your jewish ass wanting F2P, this is for billion dollars a second contracts. Quadrillions total, expanding massively due to the new tech and ease of use/new opportunities to gambol. 1000000000000000 starting amount.

Financial trades that cost more than the GDP of 2nd world countries aren't going to be using the snapchat free oracle- powered by literallywho cloud services.

>> No.14850491

>>14849156
HAHAHAHAHA OKAY. 2 YEARS ANON