Or maybe something is wrong with the tokenomics? Why not explore that?

I see these retards for years saying "the market doesn't understand Chainlink". I have a hard time believing this. It's really not that complex. I mean retards like this twitter guy get it.

Maybe, just maybe something is wrong with how they handle the tokenomics. They're still getting paid outside of the network by their clients, they have given the option to pay nodes in any currency, and they're not doing the conversion to link on open market. Point is no one has to buy link on the market to pay nodes, no one has to buy link on the market to stake it. And while CLL is getting the network revenue, it is diluting link to give it to nodes in exchange.

I what world would the above create an incentive for market makers to buy? They're not stupid, they understand "how Chainlink works"

The great bootstrapping event is almost near.

>>60720275 (OP)
>Point is no one has to buy link on the market to pay nodes, no one has to buy link
Correct, nobody could have told you in 2018 that they would never maker the token valuable, we got fooled to get sir gay in the white house.

>>60720275 (OP)
Amazon crabbed and dumped for years before pumping. The market is irrational. Bell curve, far left and far right know the market is irrational.

>>60720275 (OP)
Simple fact is that LINK has done all it's going to do. If you didn't buy before 2020 then you're fucked.

>>60720295
>Comparing amazon to an ERC20 token
Kek

>>60720305
Yes

>>60720311
Truly a modern day Jeff Bezos for sure

>>60720314
He just shook hands with the president

>>60720319
Something like that I suppose. The Chainlink X account blocks people for posting the video btw

>>60720275 (OP)
>how they handle the tokenomics.
THE ONLY TOKENOMICS YOU NEED TO KNOW IS CL LABS HAS 650 MILLION TOKENS THEY'RE GOING TO DUMP ON THE HEADS OF THEIR BAGHOLDERS

>>60720329
That's incredibly bullish footage though

>>60720311
Checked good sir

>>60720332
Indeed. Very bullish

>>60720295
amazon had astronomical revenue growth since inception

CLL's growth is basically nonexistent, relatively speaking. comparing amazon and chainlink is very disingenous as they hold precisely zero similar qualities.

but you are right, the market is irrational and price does not always reflect value. $link should be about 10-100x lower than it actually is if the market was rational.

>>60720336
Yes he just shook hands with the president

>>60720332
Forgot pic

>>60720341
what kind of revenue does ripple bring in

>>60720345
Based that means it's true spot is top 5 and it's currently undervalued

>>60720349
Kek

>>60720351
Kek indeed im buying rn based on this incredibly bullish news

>>60720347
>I'll now randomly bring up an entirely different company that has nothing to do with LINK
Kek

>>60720275 (OP)
Chainlink is at least 5 years away from being an attractive investment. Until then, the token will dump and sometimes pump, but then dump extra hard.

>>60720356
You already lost all your money

>>60720295
> the amazon line
LMAO

>>60720347
Rent free revenue. They get paid whenever you think about them.

>>60720275 (OP)
>Or maybe something is wrong with the tokenomics?
The tokenomics haven't been tested at scale so it's not really relevant. What people complain about is the lack of speculation in the token. It's incredibly strange.

Critical infrastructure is just not worth much money. The powerplant feeding the hospital is critical infrastructure yet "ai " companies that do nothing are valued at 100x

>>60720275 (OP)
How can there be anything wrong with the tokenomics? Its perfectly designed to ensure for sybil resistance and for enough tokens to be available for institutional staking over time. The inflation rate until the maximum cap is released is clear, and much lower than many other coins, and the total market cap of the coin remains very low compared to hyperinflated chains like XRP. Tokenomics are not an issue here...

>>60721249
>The inflation rate until the maximum cap is released is clear

You mean Rorys discord post? Feel free to point me to the trustless escrow account. You can't be real lol

>>60721249
>wrong with the tokenomics?
8% per year till 2030. Last time CL was at this MCAP its price was around 28 dollars.

>hyperinflated chains like XRP
Rent free, its insane.

I will not explore "tokenomics" as long as XRP remains ranked third.

>>60721249
>for institutional staking
vaporware alert

>>60721278
I've noticed this. Even in the CMC community posts for LINK there's tons of the same generic posts about XRP. See the XRP community posts and not a single person mentions LINK. Chainlink launched some kind of bot campaign to try and attach themselves to more popular coins like XRP for relevance or something.

>>60722605
they've been seething at XRP for the past 5 years at least

>>60720319
That don't mean what it used to, kid.

>>60722644
EVERY SINGLE DAY THAT LOSER FISHY IS ON TWITTER SCREECHING INTO THE VOID ABOUT XRP.
THE FACT THAT A CHAINLINK SHILL WOULD SPEND SO MUCH TIME TALKING ABOUT ANOTHER PROJECT IS SOMETHING ELSE. DEFINITELY SOME MENTAL ILLNESS THERE

>>60720275 (OP)
>global financial markets crash after link news again
>”must be link’s tokenomics”

Turboretard

>>60721551
exactly

>>60720332
>>60720336
ngmi

>>60721268
>>60721278
>>60722605
>>60722644
>>60722730
Look at all these cripple shills spamming in link threads again.

>>60720347
Thats a valid point.
It is also deflection.

>>60722950
XRP tokenomics are 1,000x worse than Link’s: they dump way more on their holders and ripple themselves say the primary usecase for the token (institutional settlement) is demand neutral.
Horrific shit.

But xrp is the third most valuable crypto.
Blaming Link’s way superior tokenomics is therefore retarded.

>>60720275 (OP)
Chainlink IS fairly complicated to understand. How would you go about explaining it to a layman?
You first need to explain 'blockchain' AND convince them of it's usefulness. This in itself is nearly impossible. If you got past that hurdle, you need to explain smart contracts and convince them of their utility. You see where it's going? It takes a while to wrap your head around it. People still it's a "price feed".
With XRP, for example, it's easy.
>bitcoin is digital payments
>the payments are slow and clumsy
>yet bitcoin price is high
>XRP is fast and better than bitcoin
>yet the price is low
>XRP price will eventually be higher than bitcoin
You don't need to be a genious to understand chainlink, you just need to grasp a few concepts before you get it, and most people are too lazy.

>>60722895
Very obvious

>>60722983
>Chainlink IS fairly complicated to understand.

what can shitlink do that other coins cant to better anyway?

>>60722972
Xrp is where it is because of advertisement and speculation. Tokenomics don't even come into it.

The question is: are link tokenomics good enough to make you rich without a need for speculative pumps?

>>60723118
That is the question

>>60723118
What is the market speculating on with XRP?
Why would the crypto market not speculate on the crypto that’s openly working towards full-blown tradfi launch with Visa, Mastercard, Swift, DTCC, JP Morgan, …?

>>60722972
>mommmmmmy the market doesn't treat MY SPECIAL coin fair!!!!

not how investing works kid

weekly psa - whenever your dead altcoin cult starts complaining that the market doesn't treat your coin like the earlier ones ie btc eth xrp, you know you're at the end stage

>>60722895
I love the rhetorical question op has no intention of exploring, but pretends to understand.

>>60723188
>not how investing works
Recognizing assets that are clearly undervalued is exactly how investing works.
What a brown thing of you to say kek.

>>60723181
>What is the market speculating on with XRP?

banking, cross border transfers, etc

further, inexperienced people see the price is "only $3" and therefore has plenty of room to run


>Why would the crypto market not speculate on the crypto that’s openly working towards full-blown tradfi launch with Visa, Mastercard, Swift, DTCC, JP Morgan, …?

because the market understands it's all bullshit
feel free to post some stats showing the alleged 3 billion people that joined crypto with mastercard partnership to prove me wrong

further, the chainlink cult is full of ugliest most obnoxious biggest losers in the space, who prided themselves on turning everyone off last cycle with their arrogance

you reap what you sow, bitch

>>60723210
>Recognizing assets that are clearly undervalued is exactly how investing works.

yeah an empty startup valued at 10 bil with no revenue is "undervalued"

you're down 5 years straight against the market so you have no credibility

>What a brown thing of you to say kek
don't talk about your cult masters like that

your donations go towards several diversity initiatives, including indians, green haired women who hate whites, etc

you're funding this

>>60722983
Lawyers understand it.
If you can understand the concept of trust, and why it's so important - a currency even, then you get it.
Only brown people and third-worlders struggle with this concept for obvious reasons.

>>60723038
Power the entire financial sector

>>60723188
>>60723212
>>60723230
absolutely broken xrpkekfuddie out and about, take your meds.

>>60723118
I don't understand why link isn't speculated upon as well though. I don't get it.

>>60720275 (OP)
I just don't understand where you think all this new money is going to come from to pump link's price. Everyone already knows about crypto at this point, so people not currently in crypto have already made up their mind that it's all a scam and a fad and will never get into crypto.

And the people who know and care about what Chainlink is doing already have some. There is no new money coming in.

>>60724345
THE INSTITUTIONS, DUMMY!
DIDN'T YOU HEAR? THEY ARE GOING LIVE INTO PRODUCTION IN EARLY-2025. CHAINLINK'S HEAD OF BANKING, ANGIE WALKER, SAID SO!

>>60720275 (OP)
>retard cant grasp the old adage of buy the rumor and sell the news

>>60720275 (OP)
banks are not going to buy your bags

>>60724530
CHAINLINK DUMPS ON THE RUMOR
CHAINLNIK DUMPS EVEN HARDER ON THE NEWS

Or maybe the market understands it perfectly, maybe the market knows what us OGs have realized since 2020; token not needed

>>60720347
yes ripple is also a scam, don't think anyone should buy either

doesn't mean that $link or $xrp cant go up, scams truly do pump the hardest. but that doesn't legitimize them, they're still scams where a tiny cohort of people take the majority of profit

>>60720314

>>60723212
> banking, cross border transfers, etc
lol you mean the things all the banks are working with Chainlink on?
And zero banks are working with ripple on?
Get your head checked xerpie

>The final aggregated price feed is constructed through a multi-layered outlier detection system, incorporating statistical anomaly detection to eliminate short-term price distortions.
https://blog.chain.link/state-pricing/
Chainlink fixed crazy DEX prices for all defi today

>>60724251
I can't believe I have to explain that. Shitcoins aren't "speculated" on based on future value. They have a few whales that have enough to move the price and therefore have incentive to keep the price moving. Look at xrp for instance, stayed around number 3 all these years. Those main holders just follow the overall crypto movement. Link doesn't have that so it better stop stealing from the network and get a real rev/share in place if it wants to go anywhere

>>60725269
This reads exactly like they're reacting to that occasion from a few months ago where many competitors were saying Chainlink screwed up by reporting the price change on that 1 illiquid asset that resulted in liquidating that anon on 100x leverage.

I wonder if the state-pricing thing is actually born from that.

>>60725269
how do token holders benefit?

>>60722983
Blockchain -> A bunch of computers share the state of the ledger so one user cannot lie because all the other nodes will say it's lying
Chainlink -> A bunch of computers share the value of some piece of data so one user cannot lie because all other nodes will say it's lying and they get paid for it

>>60720275 (OP)
>what if token actually not needed??

>>60726543
Why do you even need a blockchain?

>>60726758
you don't

>>60726529
- More projects use Chainlink data feeds
- Projects willing to pay Chainlink's slightly higher prices for data because the data feeds have advanced tech like statistical anomaly detection

>>60726721
Someone should subtly photoshop the Link logo onto the blankets.

>>60726878
>advanced buzzwords

>>60723118
The conclusion is rather: Tokenomics do NOT matter, neither does actual adoption
Marketing to retards + a low token price is enough

>>60723118
>>60723135
>The question is: are link tokenomics good enough to make you rich without a need for speculative pumps?
Short answer: No. Not in the slightest.
>>60723181
>Why would the crypto market not speculate on the crypto that’s openly working towards full-blown tradfi launch with Visa, Mastercard, Swift, DTCC, JP Morgan, …?
Because it looked good on paper then in practice was just as bad as everything else. With just Mastercard the fees were exactly the same and in some cases worse than a normal exchange.
>>60724251
>I don't understand why link isn't speculated upon as well though. I don't get it.
Because it has been for YEARS already, with poor progress made, and the progress that has been show and implemented has been extremely lackluster. Thus no pump.
>>60722983
>and most people are too lazy.
Blaming everyone else for being lazy but not the team is crazy.

>>60727025
Oh look here’s Thomas the seething ripple shill

>>60727057
Zach, this you again?

>>60720275 (OP)
>sir gay gets bigtimed by zion don while standing at the presidential podium
>retards spin it as win
>-4%
>the propaganda is meaningless

>>60720275 (OP)
The US gov never said it is critical infrastructure, a Chainlink employee desperate said it. The t_ken (word is filtered by spam by the linkfag janny (they are SO desperate for PR and to stop people knowing about the actual technical specifics of their project that they actually invade and moderate like fucking jews)) is LITERALLY not needed and cheaper and more secure without using. Why TF would anyone use it (they wouldn't)?

>>60722983
Sergey has a subscription program. He keeps all the payments for himself. Even those payments that you say are majored for certain services, they don't trigger a link buy-He just pockets it.

Here is how the CCIP Ethereum to Arbitrum contract works (0x925228d7b82d883dde340a55fe8e6da56244a22c) as an example.
>Users can pay fees in either LINK or WETH.
>When a fee is paid in LINK, it's directly added to a running total of LINK fees owed to Node Operators.
>If a fee is paid in WETH it calculates how much LINK that amount of WETH is worth.
>This conversion is added to the running total of LINK fees owed to the Node Operators. **NO ACTUAL TOKEN SWAP OCCURS HERE**
>Since Node Operators are always paid in LINK - the contract keeps track of how much LINK is owed to Node Operators based on all fees paid (in LINK or WETH equivalent).
>Since users can pay in WETH and Node Operators need LINK, there needs to be a way to ensure enough LINK is available.
>A separate contract called LinkAvailableBalanceMonitor (at address 0x25204a85dBC29300ce60133cedA267aAdb73CfBD) periodically adds LINK to this contract (manually triggered by ChainLink Labs). Ensuring there's always enough LINK to pay the Node Operators, even if many users paid in WETH.
>Since WETH is never actually converted to LINK, the WETH simply accumulates over time in this contract.
>The accumulated WETH can only be withdrawn by the contract owner (ChainLink Labs).
>There's a special function (withdrawNonLinkFees) that allows ChainLink Labs to take out all the WETH.
>This WETH withdrawal can happen at any time, as long as there's enough LINK in the contract to cover what's owed to Node Operators.
So essentially, CCL gets to keep all ETH fees and Node Operators get LINK.
This is not FUD, this is simply how the contract works; they have never used the withdrawNonLinkFees function and it's unclear what they intend to do with the WETH but it needs to be clear to everyone that a WETH/LINK swap NEVER happens.

>>60720275 (OP)
Bubbafox is 100% fated to a death of despair. Uncle is already pushing 60 and twitter posting about how a 2018 altcoin will start his real life.

>>60727099
>>60727105
>>60727063
Cripple shills working overtime again

>>60727116
good one Zachary!

>>60726878
so it does nothing.

>>60726529
>>60727481
More chainlink use = more token use

>>60727116
Won't touch my argument.
>>60727570
No it doesn't. See:
>>60727105

>>60727588
Every time chainlink nodes do anything at all, they use the token as a basic functional requirement.
Whether these rewards are inflationary or not changes nothing.

>>60727611
so they haven't been doing anything since August 2020, got it Zachary

>>60727625
Their use has skyrocketed since then.

>>60727658
so then sergeys dumps are out pacing the buybacks. there is still zero reason to hold the token

>>60727695
which btw im pretty sure nodes are still getting subsidies. either way you slice it its a shitcoin

>>60727695
It’s the same with bitcoin, the inflation outstrips the actual user fees 98 to 2.

>>60727708
no its not.
im not going to get into this faggot circular argument with you on why you're wrong

>>60727105
Im sure the guy rolling out an enormous system that's going to be used by the biggest financial institutions in the world is actually just running a scam and keeping all the profits for himself.
This is why nobody takes fuddies seriously, you are literal morons.

>>60720275 (OP)
Truth nuke: the Chainlink shills are 4d paid fud. They pay retards exclusively to shill the project so that real investors dont take it seriously

>>60727760
you can do all that with out the token

>>60727611
Literally read the step by step breakdown I already wrote proving you wrong. I didn't even mention inflationary aspects, you are replying to a strawman you know how to reply to instead of me which you do not know how to replhy to. Saying something doesn't make it true just because you memorized it a long time ago and found it useful to parrot in argument to other unknowing people who oppose you, neither of you ever understanding LINK whatsoever. They also license private software which is in-house and does not use the token or require public nodes. It is cheaper (particularly when it is often fully subsidized by Chainlink to get the headline of "partership") and is more secure in their own compliance/legal. And they still don't even move or store value and just use it for data feeds, which is NOTHING. All subsidized by token sales to retail who are fucking paypigs for private business operations and see zero value in their holdings while Chainlink private stock investors do well.
>>60727760
You literally didn't understand the argument. There is NO INCENTIVE for anyone to use the token and there is MASSIVE incentive for them to not, and for Chainlink Labs to incentivize and encourage and build around them not while continuing to fundraise by selling tokens to people who don't understand the technology and are doing the equivalent to buying specific arbitrary emails and expecting them to accrue value from Google's email business which they farm out to corporations and companies gaining steam. It is so technologically ignorant it is insane.

>>60727861
>They also license private software which is in-house
not only is it in house. They keep all of the profits and then give the excess to the protocol and then what ever is left over goes to stakers. Thats not even accounting for all of the off chain dealings they have been doing with L2
s

>>60727861
You are obviously brown because your grasp of the English language is appalling. I tried reading what you want but it's obvious that it's just the babbling of a low IQ call centre worker.

>>60728273
I am white and American. You are jewish because you have no argument but try to force people to your position anyways through sheer entitlement and retarded empty inisistence.

>>60728430
See what I mean? That post reeks of India. White people don't talk like that, Sanjay.
Post hand with timestamp.

>>60727861
>They also license private software which is in-house and does not use the token or require public nodes
This is literally what Ripple does with Interledger, Ripple Payments, …
Meanwhile Chainlink nodes can’t do anything without the token.

How hilarious.

>>60728497
No, they LITERALLY don't. Reread my posts. Link does not need the token for private or hybrid nodes that are subsidized (as they usually are) let alone backend settlement off network which makes more sense in a cost and privacy/security standpoint and the contracts themselves are setup to not require link swaps/purchases. In no form is the link token needed in any major way that translates to CLL business leading to mass token usage and it incentivizes minimal token usage. The current revenues are LITERALLY on par with any random kebab stand in any random town. Interledger is not a part of the Ripple suite, it is a buildout based on Ripple's software that is optimized using Ripple's software that is wholly dependent from it as is its Foundation. You are wrong in LITERALLY every way on both projects.

>>60728452
Now you. I am whiter and more verbally intelligent than you.

>>60720295
unlike ch*inlink labs Amazon was profitable company. stop comparing your erc20 shitcoin to Amazon, it's cringe