>>61097560
>Somebody tell me what the fucking point of the Reserve even is
The point: the release schedule means we'll get to 1B circulating and no locked tokens in CLL control. If CLL owned 0 link one day, we'd be crying about misaligned incentives. "Why would they care about price now that they don't even own 1 token?". Reserve = a way of them owning tokens beyond the release schedule
>Mental gymnastics
It's a very simple concept. We want CLL to care about the price: Therefore they should own some. They can own some by buying from the market
>>61097697
>BEFORE we all started simping over this Reserve shit. We must now all admit the reserve doesn't make any fucking sense - the whole bullish point of the reserve in the first place is to improve scarcity of the token
Ok, I think I get your point. There's people simping over the reserve, thinking it's bullish, yeah. But they're retards. Nobody with a brain thinks the reserve has any significant short term impact on price. All it does is align incentives for the future, once the 1B unlock is finished. Of course CLL tries to convince everyone that the reserve is the greatest thing that's happened, but that's because a mass audience can't deal with subtlety and nuance. If the marketing team went out there and explained all this in detail, nobody would give a shit about it because all ppl care about is the price RIGHT NOW
>>61097787
>They are moving tokens from one reserve to another
Yes, but key point: they're moving tokens from one reserve that has a fixed selling schedule, into one that they can hold on to (and loan, stake, trade etc) as they see fit. I'm not saying that's bullish. I'm trying to explain why it makes sense for them to do it.
>>61097940
>then they can say hey guys we're not going to dilute the circulating supply anymore. That would be more bullish
Again, maybe bullish in the short term but if they did that, they'd own no tokens, and we'd be concerned about their alignment with token price