WHAT DOES THIS COIN DO RIGHT NOW...

WHAT DOES THIS COIN DO RIGHT NOW? I know SmartContract the company provides the prices for like 30 cryptos and gold and silver, but what the fuck does this token do right now?

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>what the fuck does this token do
its used to pay node operators

right now? it doesn't do much, its used to pay node operators for data feeds

the real fun begins when node collateralization begins, aka "staking"
LINK tokens will be used to underpin every single dollar in value for the smart contracts to which LINK Oracles provide data

>coin

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It makes me rich.

does this mean places like zeus capital can no longer just take customers money and run?

you are incredibly stupid. you don't understand even very basic things about what I said in my previous post.
I'm not joking, I hope that you lose all of your money and then kill yourself. Your lack of intelligence is abundantly obvious and it disgusts me.

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aww

You guys lack complete understanding of business processes and therefore completely overestimate the potential use cases of chainlink eg smart contracts. You basically believe clearing between companies can be replaced by some lines of code. Ffs you would need lawyers and negotiations just for creating one smart contract before it would be allowed to work between companies. Anything complex isn't simply solved with a smart contract and for anything non-complex no smart contract is needed that would need to be paid for by companies. Anons like to refer to supply chain tracking as good example, do you honestly believe amazon has any bigger problems tracking their deliveries? They don't, and they also don't pay money for that. It's simply handled by company programs and interfaces. Ride the pump guys, but don't be so stupid to believe in the marketing and hold bags.

this. baseline protocol is clearly just a big joke between Microsoft, AMD, EY, Splunk, and countless other industry leaders
they are just messing around guys they don't actually see any utility in blockchain.

make sure to sell your chainlink today. I am looking out for your financial well being.

Lol, no it won't. No company will buy any system where "investors" pre inflated currencies. The best that can happen is that some structure similar to chainlink is eventually taken over by companies which would benefit developers. You are enthusiasts delivering upfront financing, this is even mentioned in the white paper. Pre mined tokens have no inherent value.

Of course there also exist legit use cases between companies for blockchain technology, but for none exists a logical chain that would derive any value for ico tokens of various crypto projects you bought.

what about cocacola?

If only there was a logical reason that LINK tokens needed to be publicly traded assets with value that can fluctuate...

Perhaps to meet the demand of the collateralization requirements of the network as a whole, as it grows over time
no... no that would make too much sense, clearly LINK is a scam and I should sell it right now

thanks again for looking out for my financial well being

You're telling me with flowerfull words
>it's traded via exchange
>it must be great

It makes the people who hold it gain money exponentially.

it is used to massively subsidize adoption so that the creator can get rich by dumping his massive hoard on speculators even though there is clearly no viable business model

You've been BTFO twice. Why keep embarrassing yourself when you can just walk away?

Holding Link tokens doesn't make you intelligent, and it doesn't prevent you from being greedy. Only people who decided to lend their Links to Zeus capital risked anything. That was foolish from the off. Staking will be non custodial, and this won't happen.

>what the fuck does this token do right now?

Secure well over a billion USD in Defi.

Ask T-Mobile, pic related.

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Or should I say, lend their Links to Nexo, not Zeus.
Duh

>only a fucking token which the founder keeps 2/3 of can be used as collateral for a smart contract

>No company will buy any system where "investors" pre inflated currencies.
What the fuck are you talking about?

To the users, it does not matter what price Chainlink is.
One token could be a billion USD, and you could still send someone 1 cent worth of Link.

LMFAO $32 eth fee for a json call
yea i expect big things from this tech
holy shit

real talk yall need some AST in ur life. #ASTaladdins #LINKmarines I'm sure AST can integrate LINK price oracles for major pamp.

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>LMFAO $32 eth fee
That's ETH, not Chainlink's fault.

>for a json call
Those "json calls" secure well over a billion USD in Defi.

Ok, so the usage doesn't determine the value? Then you tell me it's pure speculation? What is the basis for the price of 9 dollars for a link token? You're slowly wrapping your head around the fact that there's no logical justification to the momentary price tag.

it goes UP

>it is used to massively subsidize adoption
>the creator is dumping

Nope and nope.

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>Ok, so the usage doesn't determine the value?
Yes it does, at the network level.

The value of Link has to be high enough to provide enough collateral for all contracts at any one time.