Nothing can pump Chainlink anymore

it will reveal what stuttering incompetents the chainlink team and their philosophy major are

Good, the normans always FOMO in at ATH, stonks are about to crash with no survivors, and after getting JUSTed by cash, small business, bonds, btc/xrp, stocks, real estate and equities in less than a decade, the plebs will finally understand there is only 2 options left to avoid inflation :
- precious metals
- chainlink

I'm Link holder, but I'm still struggling with the concept of the token price/value rising to meet the value of the contracts it secures. It kinda makes sense, until you think, well, a token's value is only the price someone is willing to pay for it. Say someone wanted a trillion dollar insurance insurance contract tomorrow. How would the Link price suddenly leap up to accommodate that? Where would the money come from? Wouldn't the outcome more likely be that the network would be unable to secure/collateralise the contract? Sensible answers please. Try and resist the usual responses.

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It’s been like this from day 1. Link should be 100 billion market cap.

If the Link price doesn't rise to meet the demand from a trillion dollar industry, then yes the network would be unable to provide the requested collateral.
This is of course extremely unrealistic.
But seeing Link's utter immunity to good news, it becomes a very distinct possibility.

3 years later and still getting those early af vibes.

Thank you. That's what I thought. Onwards and upwards...

Only staking will punp the price now. Too bad thats not for another year

You sound as though you WANT that to happen, rather than you objectively THINK it.

>Where would the money come from?
The trillion dollar insurance industry you mentioned.

You didn’t think this through; if a percentage of that trillion dollar industry is needed as collateral, tokens will be bought without regard for the number of tokens; all anyone will care about is the USD equivalent.
What this means is tokens will be market bought with zero concern for slippage, until the required total USD value is obtained.
And with 18 decimals, Link could be one trillion dollars per token and you could still send someone 1 cent worth.

you guys are idiots
I quit my job a week ago. I hold 2000 LINK. All of my needs are met

Gods imagine the smell of two all beef patties special sergers all dripping with special sauce as the big man himself rubs it all over himself to make one greasy hairy delicious mess

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Reply

"...tokens will be bought without regard.."
Bought by who? I can see how the token price should rise, but there's an assumption that enough people or people with enough money are going to be willing to invest huge amounts of money all of a sudden. I mean, maybe they would, but it's a hell of an assumption. You're talking hundreds of billions, indeed possibly trillions of investment. It's a lovely idea that this organically just happen, but it seems that this is too good to be true, or that it would take a long long time for the space to grow. Dear God, I really hope you're right. I'll be rich.

Kek, your retarded brain actually thought up year old ironic fud that was created as a joke. Pic related

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> Error your node needs more money
> Smart contract.link cam provide you will several Central Bank options
> This offer is strictly kosher

this is just some shitty png file lmao

Supply will be locked in nodes. No selling pressure at all. Chainlink wasn’t even meant to be available for us to buy - the tokens reserved from the ICO for network adoption are were intended to be given or sold otc to the enterprise companies to set up nodes. Remember that enterprise can make a lot more money from actually operating a node/running smart contracts on the network than they can from appreciating token price. They aren’t going be selling their linkies because they serve a purpose, to allow businesses to run and generate profit.

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I sometimes find myself wondering about the applicability of the 18 decimal thing. Something about seeing a value like 0.000001583294703407LINK as either a node reward or potential loss seems wholly unappealing to anyone that doesn't have the same form of numbers autism we all do. I get "we" don't need "normies" or whatever, but something about it just feels like it needs to remade more appealing in references than owning one-onemillionth of something.

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>"...tokens will be bought without regard.."
>Bought by who?
Whoever is taking care of collateral.

I only started looking at Zig Forums recently. I was in on Link at the ICO in 2017, though. Hardly retarded. Sorry I missed your FUD post from last year.

alright

Staking. If you are required to stake a percentage of the contract you have to start buying up link at the current market price to secure that value. As link liquidity dries up with staking the price gets driven up.

Hmm does that mean that the price of Link tokens I hold (unstaked) won't necessarily rise in line with the contract values?

That makes more sense. Thanks.