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/biz/ - Business & Finance

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20711735 No.20711735 [Reply] [Original]

BITCOIN WILL FINALLY BREAK 10000

>> No.20711760
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20711760

>>20711735
The tokenomics of the LINK token.

1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. Only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

So....

Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn't select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn't risk losing money - the node operators do. The Chainlink network is genius like that. It is fundamentally backed by the truth.

There is infinite amount of collateral available because the token price can rise to meet it (Note: the token is divisible by 18 decimal places).

Now you have to research how large ALL these markets are. derivatives, insurance etc... hint: Trillions.

Is 1000$ really possibly in say the next 3-5 years?

>> No.20711765

>>20711735
>this time i swear

>> No.20711805
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20711805

>>20711735
this but unironically

>> No.20712013

>>20711735
Volume dropping
Bearish divergence
CME gap at 9600

We are going down

>> No.20712150
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20712150

>>20711735
behold

>> No.20712295

>>20711735
eventually it will break
patience is key

>> No.20712325

>>20711760
fuckin Timo. He has the most punchable face from all scammers

>> No.20712648

>>20712295
Downwards

>> No.20712656

>>20712150
lol fuck off with the BS meme lines, you can literally create any pattern you want to see within different timeframes

>> No.20712717

>>20712013
whatever happened to muh cme gap at 3500?

>> No.20713387
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20713387

>>20712656
memelines have made me bank.

>> No.20713689

>>20712648
beras have literal permanent brain damage at this point

>> No.20714080

>>20712150
Why is this literally incorrect and outdated?

>> No.20714568
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20714568

>>20712717
there never was one you fucking retard

there is, however, a gap at ~9625, like this >>20712013 anon says

>> No.20715262

>>20711735
It just triple topped at 10500. Another flash crash imminent.

>> No.20715498

>>20711760
AMPL is an experiment

AMPL's first use case is to be a uncorrelated asset from BTC. If it can achieve this then it will be extremely valuable. Why? Because it will be essential in a diverse portfolio. Just like BTC is a good hedge against the market (maybe not anymore) - AMPL is a good hedge against BTC and the general stock market. This will be increasingly important in the economic environment we are entering. At this stage - there is alot of activity of profit seekers - this will decline as AMPL's use cases expand.

AMPL's second use case - if IT IS uncorrelated - is for collatorlization in DeFi

AMPL's third use case - is to provide liquidity to DeFi - if demand for AMPL continues to rise (1st use case and 2nd use case) then it can provide liquidity to the tune of billions (increased demand=increased supply)

AMPL's last use case - is to become stable and reach market equilibrium (stablecoin) - if it fulfills the first 3 use cases then it can become a good medium of exchange because at that point the market cap will be so big that it will take alot of capital to move the price. It will also be used in many different financial products.

>It's money 2.0, why?

Money 1.0 - when new money comes in, it goes directly to the banks and the top 1%. while average people get fukked and deal with inflation/deflation

AMPL - new money is distributed evenly across all holders without any need for governance or a centralized authority

it has an elastic supply which contracts/inflates based on demand.

It does all this AUTOMATICALLY and SIMULTANEOUSLY to ALL HOLDERS- written in the CODE

Which means it doesnt require governance (someone watching over it) - which means no one is in charge (just like BTC)

>> No.20716740

>>20714080
the only thing I was off about was the support.
if we get rejected again, we're going right back to the 200 week moving average.