Staking is the only value proposition for LINK. 4 billion MC on the speculation that one day you will be able to stake your LINK.
Why hasn't staking been implemented in 3 years? Shouldn't this be the top priority when it's the only thing that would give LINK any value?
Why haven't we seen any design docs or blog posts about how staking should be implemented in such a context, where you are aggregating data points? Why hasn't the team even hinted at how such a thing should be engineered?
In the temple of love, you shine like thunder and cry like rain.
Lucas Foster
Why would they need it? Not until enterprise adoption fren.
Bentley Ross
>Why would they need it? The only thing that currently secures the network is the fact the node operators are selected by the Chainlink team and thus must report to the Chainlink team. If the network were to actually be decentralized, then you would need security features in place like staking, as outlined in the whitepaper.
Why would enterprise adoption precede any actual security measures being implemented?
Leo Ramirez
bump
Bentley Gomez
Staking isn't magic, it only makes sense when LINK is actually widespread used.
NEETs just locking LINK up alone is not value by itself
Luis James
Who benefits from a staking rollouts other then the staked?
Honestly bruh, absolutely zero need for it today.
Nolan Cooper
>Honestly bruh, absolutely zero need for it today.
Then explain to me why anyone should trust a Chainlink node? Or a Chainlink data feed? What's the trust/security model?
Elijah Watson
Because it will just be the thing that dominates and that everyone's using. Much like VHS back in the days. Although for different reasons.
Wyatt Hughes
This is pretty delusional, fren. Nothing just "dominates" in the crypto space if it isn't provably secure which is generally some measure of decentralization/number of central points of failure. Imagine the entire crypto space getting data inputs from one company ...
Nathan Brown
Currently used exclusively for gambling degens. Do u think they give a fuck about decentralization. These fucks throw 20 Eth on anything trending along coin gecko.
When the institutions arrive, Game On!
user I fully understand the importance of decentralized oracles.
Robert Morris
The crypto space will be everyone's place in time. And Link will be the glue that makes it all stick and work together. ETH made it possible. A transaction might cost an additional link fee of 0.000000000000007 link for businesses... now imagine owning hundreds of thousands of these tokens when that happens. And happen, it will someday.
Isaac Reed
Multiple oracles independently providing data. When one of the oracles provides outlier data it is not recognized. This could also help with security right?
Camden Bell
Terrible FUD.
Noah Edwards
What’s to prevent them from colluding and what ensures an outlier is a misbehaving node? An outlier could also be a piece of data that’s of higher quality than the rest.
Caleb Cox
>why would something that poses a risk to billions of dollars take so long to implement
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Jaxson Jackson
You think they’ve secretly been working on staking for the last 3 years?
Justin Martin
Rome wasn’t built in a day my street shitting friend
Henry Reed
my a1 sauce has been sitting in the fridge for months.
The network will be increasingly decentralized. They’ve just announced that Keep3r nodes can transition to link nodes with a good enough reputation. There is a second white paper coming. I will be concerned if it doesn’t get into staking mechanisms. You really don’t think Ari can pull it off?
Colton Scott
>You really don’t think Ari can pull it off? Ari is a cryptographer. His research isn't in consensus algorithms or statistics, which is what you would need to design a consensus algorithm and thus a staking mechanism for nodes handling nondiscrete data.
Landon Mitchell
>/business and finance/
Robert White
He’s a brilliant mind. I’m sure he can figure it out or help hire the people who can. I ain’t worried.
Brayden Clark
they don’t get the data from one company stupid! It’s a fucking network, you still don’t get it right?
When I say one company, I mean Chainlink, which configures the network and decides who services data feeds. You are putting your trust in them which is anti-decentralization.
Colton Allen
We told you 3 yeeeeeeeeeeeeaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa *electrically induced seizure*
