It costs $450 to ping the LINK network and you get the same answers you get off etherscan or binance, because that's where the nodes are scraping their data from. Why would ANYBODY pay that much money for something they can get for free? The nodes don't actully do any work, they just sit there and collect fees. Pic related. There is a reason not a single dapp in the industry uses LINK.
This is what is really happening. The network needs new buyers to pay nodes so the nodes can collect fees and dump on new buyers.
Followup image from the whitepaper. In 2017 Ari and Sergey said this would make the oracle network useless. In 2020 this is exactly what is occurring, but Zig Forums pretends it's not a big deal, and they wonder why nobody uses chainlink.
This is baseless and you can easily see profits at market.link or reputation.link, nodes are making a killing. Seethe and cope.
Connor Powell
Think about what you're saying. Where do the profits come from when there are no customers? The incentive wallet. What gives the incentive wallet value? LINK tokens. What gives the tokens value? Speculators. The nodes are making a killing by dumping on you.
The nodes provide no value but collect fees. The fees come from people like you buying the token, not from real paying customers. Because the nodes provide no value, there are no customers. Anybody who needs an oracle solution, like MAKER, or literally any other crypto dapp which needs price fees, uses their own, because the nodes do nothing that the end user can't do themselves *for free*.
Cooper Powell
>Where do the profits come from when there are no customers?
There are paying customers, AAVE for starters. The rest of your fud is rooted in this, and thus is dispelled by undermining your central point.
Owen Cook
AAVE gets subsidised by LINK. They have paid a grand total of $0.00 real dollars. They have paid in link tokens which were given to them by the incentive wallet. SNX and AAVE are theoretically customers, but they do not pay their own money. They repay *some* of the link tokens given to them by sergey, and sell the rest.
Liam Cruz
>They have paid in link tokens which were given to them by the incentive wallet. And of course you can show they received these tokens for zero US dollars, being that the transaction is on the blockchain.
Dominic Reed
Why is there a thread about this old article? They literally just published a new one today.
Kayden Martin
>the fact that 40,000,000 tokens have moved out of the incentive wallet and onto the market, to subsidize users of the link network, in line with the whitepaper, can't possibly be true The incentive wallet is literally there to subsidise users so they don't have to pay for the pings. It's outlined in the whitepaper. There are another 600,000,000 tokens lined up to do the same thing. You read the whitepaper right?
