This is just a cash grab / waste of money, isn't it?

There will be a multitude of third party options for staking LINK. I don't see why people are spending so much for LP. You'll be able to stake for free on Coinbase, Kraken, and Gemini most likely...

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yep

isnt linkpool using a smartcontract?

Yeah. They're just selling their token. It's not needed

LP doesn't even need Chainlink to perform well. Linkpool will moon when ETH 2.0 staking goes live this year.
Market cap is still ridiculously low, like 1/4 of Rocketpool, which is just an ETH pool.
The one thing that keeps LP down is unit bias. People rather want to own thousands or millions of coins rather than 0.2 of a coin, so they buy some low sat scams.

if they are using a smartcontract that means they are trustless retard. unlike jewbase and the other shitsites you are mentioning.

Money is money. I'm not a doomer schizo cipher punk loser. I just want stable ROI. I don't give a fuck if it's through Coinbase. I pay taxes.

You used to be able to buy one for 7 eth. It already mooned.

they will get their smartcontract as well, wait and see

>boy i wonder which node operators will become generally agreed upon as the best, and therefore will be the most used
pic related

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ITT: coping poorfags who didnt buy LP during the ICO

Lol the other node operators arent far behind

it has nothing to do with taxes, it has to do with having your own coins in your possesion and it being trustless, also i highly doubt that jewbase will create a functioning smart contract when they can just go the (((centralized))) way instead.
i dont own any linkpool but i have considered investing in the future

You're the one who is coping because you threw away money for no reason.

This. There will be an explosion of competition. LP was just a cash grab

I literally 10xed my money and am gaining passive links you absolute retard

>am gaining passive links
Larp. Staking hasn't started yet. How the fuck are you gaining passive link

You gain links from holding LP shares

>Post FUD thread about LinkPool
>Doesn't even know basic facts about LinkPool
Every. Fucking. Time.

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Pathetic lol

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Are you aware of the fact that unlike PoS blockchains, with Chainlink if you stake more than the colateral requested by smart contracts you don't get more rewards? There is a limit for how much contracts asking for collateral you'll be able to serve. Once you pass that limit, if you let users stake you are actually cutting their rewards.

Let me be clear, if you serve 200 contracts that ask for 1 million USD in LINK as colateral at the same time, you will only need 200 million USD in LINK staked. If you reach that limit and you keep allowing your users to stake, you are not going to earn more, but instead your users will earn LESS since you will be distributing the SAME amount of LINK among MORE stakers. That's why Coinbase having their own node it's not a valid fud. They will stablish a limit of LINK to be staked that will be dynamic on demand.

The smartest thing to do is either what Linkpool did, (to attach their staking allowance to a token that represents your staking rights on their node) or set a limit in order to enable a first-come first-serve service. That means that either you are fast as fuck getting in or you pay for a token that allows you to stake.

they will be forced to or else they will miss out big time

Enjoy your 0.4 LINK per LP every 2 weeks lmfao....I'd rather spend my ETH on buying LINK directly

kek op will be quietly buying my LP bags at 500 eth a piece when he finally gets it

No. I'll just stake on Coinbase

Stake for free? No, stake for a fee

You won't be able to stake on Coinbase because of this

You won't need LP tokens to stake on LP though.

i think you need them to get priority

Yeah initially staking will be only for LP holders but eventually it will be open to all

But you will need LP for staking in high quality nodes

You will. At least while the demand for LINK collaterals is smaller than the amount of LINK waiting to be staked by LINK holders. That period will last a few months after staking is released, maybe even 2 years

The most profitable time to stake will be at the beginning because staking payouts are paid in link so when value increase the payout wont be that high (in link)

Youre a fucking nufaggot who doesnt know a thing about link or staking

an user once made a calculation (lost the pic) that showed that LP would need to control over 15% of ALL nodes/staking to even be worth being considered as an option and over 25% in order to justify diversifying into LP instead of just holding LINK

the reaction of LP shills was that not only 25% was somehow realistic, but also that ETH staking would generate massive revenue outside of staking LINK
LP shills are the weirdest bunch. they won't shut the fuck up about the price of LP tokens, but they remain silent when you point out that the trading volume is borderline dead

pic related, this is the activity over the few past days. i just feel bad for those poor souls that fall for this shit

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