Most of you don't even understand Chainlink staking - you think that as soon as Chainlink staking releases you're suddenly going to be able to earn passive income. This is only true if you hold LinkPool, since they are a confirmed staking pool (others will be released eventually).
Many of you seem to think that staking for LINK is the same as Tezos staking where basically you lock up your tokens and receive some amount of interest. This is not how Chainlink staking works. For Chainlink, nodes lock up LINK to stake their LINK against the veracity of their data, and they can lose this LINK if they give data that goes against the parameters of the contract.
We're likely going to see staking released on testnet soon - how are you planning on making passive income from this?
>staking is fud now Time is running out trannies. Better accumulate as much as you can now if you want to afford a proper sex change op
Nicholas Evans
I just look forward to seeing the settlement details, ie how they decide which node is wrong
ideally a deviation from the median or data consumer can trigger a settlement process that decides if stake is paid out, but how to decide on settlement?
Logan Jones
Sell it when it reaches your sell point, forget about staking.
Cooper Anderson
it was hard enough explaining it to Biz before it broke 5$, trying to do it now to all these faggots who bought over 10$ will be impossible.
Justin Bennett
>We're likely going to see staking released on testnet soon - how are you planning on making passive income from this?
By placing a bunch of temperature sensors around the city, linked to my personal Chainlink node. Weather dapp wants the weather from NYC? Ka-ching.
Jace Jenkins
i'll wait for those who can stake to actually do so, reducing supply and driving the price up then sell 10% every few weeks until i'm down to half
Ian Moore
Frens, you can still join staking pools. If you buy the LinkPool token you will be able to stake in their pool, and you could buy the lowest amount of LinkPool (0.04) for about 4 ETH right now.
At the start you will only be able to stake 200-800 LINK with 1 full LP token, but eventually this will rise to 10K+ LINK. So if you have 0.04 LP then you will be able to stake 8-32 LINK initially, and then 400+ afterwards.
I am actually not trying to FUD, I'm trying to educate so that people get their shit together and are prepared
Could you explain your question further "how to decide on settlement"?
Let me tell you something -- as an og muhreen who's hodled thru *two* sibos dumps -- I can feel the dump coming.
It's gonna be a bad dump. There'll be a mini bull rally leading up to Sergey's next public performance, but it'll turn decidedly bear from the moment that the Absolute Plaid Man clears his throat on the mic after presenting the third slide -- it's the same exact slides again for the umpteenth fucking time -- a sure signal for every woke whale to dump like a truck at the landfill.
By the time he says "thank you," LINK will already be at $10... the high intensity "painsaw" will give false hope of a rally before *every* recipient of LINK directly from the dev wallets dumps about 67% of their zero-cost completely free tokens.
You're gonna see 88% losses from ATH, a complete retracement all the way back down below $5.
Get ready.
>we're still going to $1k & beyond in future years
Staking will drive the value of the diminishing supply out of orbit and into interstellar space, never again to return to these sub-four-figure prices.
So why would you stake? Shouldn’t you just wait a few years and sell?
If staking is a risk ie lose whole stack if the provider you stake with fucks JP, it’s a game over
Shouldn’t we just wait on the sidelines with supply to fill the market as node operators inevitably eventually fuck up, lose stake, and need to reload?
Jaxon White
If you stake with linkpool they will cover any losses their nodes make.
Jack Peterson
Watch them announce sigs and you'll feel like an ass.
Luke Sanchez
This. I can't help it but laugh. Most LP hardcore believers are link maxis, but they know how staking will work (it's in the fucking whitepaper for fuck sake), meanwhile nulinkers think that when someone tells them they won't be able to stake they get mad >muh coinbase staking Good luck with that kek
Xavier Evans
Anyone who is planning on staking knows what is involved. Anyone who doesn't know what is involved has no plan on staking. Stupid thread.
Juan Campbell
It's because of his snarky condescending tone and he doesn't mention staking WILL eventually be available for anyone and the supply WILL be locked in staking sending the price up. He intentionally focuses only on the negative.
Joshua Bennett
>how to decide on settlement With 2 nodes staking and providing niche data, but the data is different, how do they know which one provided accurate information?
Henry Sullivan
Even if i'm not able to stake on a node, I'll still be able to gain interest on my Link in a lending pool. Staking will also drive up demand from lending pools, causing higher interest rates.
The interest rates and staking rewards shouldn't be too far off.
Landon Robinson
They don't. That's why this whole thing is a retarded scam. The problem space cannot be decided and will be subject to the whims of who profits liquidating stakie retards and nodes.
Hunter Peterson
this user has it
don't think tsigs are ready, staking is more bullish for price I think anyway
lmao yep. if you wanted Coinbase "staking" and all of that bullshit you-put-your-LINK-on-my-CEX-and-give-me-custody you can do that right now with numerous lending protocols.
the idea that staking will be available for everyone is not true though, it's unclear if LinkPool will open it up for everyone.
Yes it's great for the price but that's not the focus of this thread
Depends on the parameters of the service agreement, you could have the majority of nodes be right, or take an average etc., I'm not really sure either but it will be interesting to see
The public being able to stake easily will coincide with the top of this cycle
Adam Cooper
To be fair, you have to have a very high IQ to understand how Chainlink works. Its superiority is only hinted very subtle, and without a solid dose of advanced autism most of the Lambos will go over a typical Zig Forumstards head. There's also Sergey Nazarovas very nihilistic outlook, which is deftly woven into his characterisation, his personal philosophy draws heavily from Zig Forums shitposting. The real frens of course understand this; they have the intellectual capacity to truly appreciate the depths of this coin, to realize that it’s not just le funny memes. They know it also says something deep about the society we are living in. As a consequence people who don’t trust Chainlink truly ARE idiots. Of course they wouldn't appreciate, for instance, the genius in Nazarovs iconic catchphrase "Get in here faggot, we’re gonna make Crypto great again!" which itself is a semi-cryptic reference to the amazing russian epic 'Crime and Punishment' or the struggle of life itself. I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Sergeys genius wit unfolds itself on their screens. What fools.. how I pity them. And yes, by the way, i DO have my wallet QR Code tattooed. And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.
This is a shit linkpool thread. Linkpool is shit and they should feel bad about their crap terraform templates.
You've all been scammed when you could have had more LINK
Josiah Martinez
that's what I mean, the whitepaper has always been pretty vague on it. I wonder if they will include the option to appeal to a larger range of nodes for settlement if there is a dispute.
Nicholas Hall
>We're likely going to see staking released on testnet soon cool
>how are you planning on making passive income from this? I will not sell my linkpool, since I am smart and bought some 2 years ago especially for this exact scenario, which we have had 3 years to plan for.
Carter Clark
>>muh coinbase staking >Good luck with that kek ? CB is already staking for some other shitcoin my expectation is they'll stake your link for an expensive cut that's worth it given the safety margin coinbase provides over random_teenagers_defi_chain_house_of_cards_very_secure
Adam Rogers
>>I wonder if they will include the option to appeal to a larger range of nodes for settlement if there is a dispute.
>insert pajeet comment about kleros court
Jaxon Gray
Again, staking with LINK isn't staking with Tezos. You actually have to do work with LINK, provide data. The staked links are just a secondary security mechanism.
I said nodes, not literally anyone. Kleros is not Sybil resistant at all, it saddens me that biz takes it seriously these days.
Jose Rodriguez
Americans can't buy link pool it's illegal. Otherwise I would have bought.
Jason Mitchell
>I missed out on profits before $5 because I'm a retard. Now I'm seething and trying to make myself feel better by doubling down on my retardation and telling them they'll see I was right all along.
Just two more weeks!!!! :)
Zachary Watson
I know nothing about how Kleros works i was just making a joke desu
