Chainlink: a serious thread

Morning Link Marines.

So, I've qualified for staking, hopefully I'll be able to grab a spot with my measly 4k Link.

Can an intelligent anon explain simply and clearly why staking is a good option for a stacklet like myself? If the returns are 5% apy then it seems like a big risk locking it up for pretty measly returns.

Can someone also explain why staking will increase the price of the token? I know a retarded anon who didn't sell a single link at $50 and he has 30k link. Why didn't he sell? He was convinced that Link will eventually reach $200. There's no shaking his belief in this. As a result I'm terrified of selling my Link before at least $100 but given the recent earthquakes in crypto I'm wondering if I should reset my expectations to $30.

Please enlighten me.

Anyone who gives shitty replies will automatically form a queue to the seventh layer of Hell.

  1. 1 week ago
    Anonymous

    If you have any intention to sell your LINK in the v0.1 staking period, don't stake. The relatively small gain won't outweigh being locked into something you might want out of.
    But anon I am literally staking for the maximum possible time. If there is a 10 year option I'm taking it. I'll just stake and then spend a decade doing fun shit in the knowledge my future is set.

    • 1 week ago
      Anonymous

      I was considering staking just a quarter of my stack in the hope the rewards would be significant in a few years to come. My fear is I lose the tokens through staking due to bad data etc.

      Do you think 1k link staked would result in real value in 10 years?

      If you don't mind me asking how much link will you be staking and what kind of return on it are you expecting?

      • 1 week ago
        Anonymous

        There's no slashing in v0.1 there's no way to lose tokens. I'll be putting 7k in at the start if i can and up to 30k whenever possible. I would literally like to put it all in for a decade.
        I don't see the returns as a static quantity, i don't think of it in those terms. Pretty sure I'll be rich in 10 years though.

        • 1 week ago
          Anonymous

          But that implies there is a risk of losing your link in subsequent releases of staking no?

          • 1 week ago
            Anonymous

            Yeah v1 onwards will have slashing for nodes that feed incorrect data. I wouldn't be surprised if as a retail delegator you could just pay for insurance which covers any node penalties.

            • 1 week ago
              Anonymous

              Well, hopefully the system will provide enough incentives not to supply bad data but it's sort of inevitable it'll happen I think, whether it's intentional or not.

              How would you pay for insurance?

              Sorry for all the questions and thanks for your replies

          • 1 week ago
            Anonymous

            I dont really know what will happen when staking V.0.1 ends. Not sure if you are transfered automatically to staking V.1.0

    • 1 week ago
      Anonymous

      When a validator fucks up and gets you both slashed in year 2 you best hope there is government legislation in place.

  2. 1 week ago
    Anonymous

    wen moon sers

  3. 1 week ago
    Anonymous

    Hi Anon.
    So the good think about staking is you get dropped tokens from the build program.
    Theres some good stuff here, for example "space and Time" is a digital warehouse, storing information from the chainlink network and selling it to customers.
    These tokens have lots of potential and might be worth some money in a few years.

    On the other hand, you wont be able to sell while staking. So if Link pulls something similar like the 50 dollar pike you wont be able to sell.
    If youre not a swingy and plan longterm holding for many years, youre fine.

    Staking will increase the price, because once the chainlink network becomes very active with staking, every company that wants to run a node has to buy link and has to keep it.
    However, you should notice that this is only a testversion (V0.1) of staking (we dont know how long the testversion will be active). No slashing in V0.1.
    Its just 25million link being staked, so just a fraction of the network. Dont expect to much price action from it.

    • 1 week ago
      Anonymous

      Thanks anon. I'm not expecting massive price action or anything at all particularly given the macro conditions at the moment.
      Do you know how long you are committed to staking in version 1?

      • 1 week ago
        Anonymous

        Theres no deadline for V0.1. The team decides when its ready to launch V1.0.
        We dont really know much about staking in V1.0

  4. 1 week ago
    Anonymous

    https://chain.link/economics/staking
    just posting the link in case someone needs it

  5. 1 week ago
    Anonymous

    literally just search through old threads on warosu, all your questions have been answered on this board 3-4 years ago already endless times

  6. 1 week ago
    Anonymous

    Found some more info:
    "Stakers participating in the v0.1 release will have their staked LINK locked until at least the release of v1, where they will then be able to choose commitment periods of varying lengths.After the release of v1, annualized rewards will vary based on user fees and the length of the commitment period, with stakers choosing longer commitment periods having the opportunity to receive a greater share of the rewards.Furthermore, fees associated with loss protection, which is being explored for v2, may become a source of rewards in addition to emissions, user fees, and PGP benefits. Additional details and specifics on each release version will be released over time.

    • 1 week ago
      Anonymous

      Hmm interesting.

      I only linked my ledger to metamask last week and the staking app said i qualified for early access but then I saw on a chainlink blog post that the early access petition closed on October 17th... does that mean I won't be able to stake even if the app said i qualified?

      literally just search through old threads on warosu, all your questions have been answered on this board 3-4 years ago already endless times

      Thanks for your utterly useless answer

      • 1 week ago
        Anonymous

        Shit I hadn't seen that! What is that petition form?
        Why would they keep the checking eligibility page up if you couldn't qualify?

        Also, 25m token limit, 7k a token is 3.5k wallets of 7k each so hopefully we'll get in.

  7. 1 week ago
    Anonymous

    there is no intrinsic value to any token, it's all speculation. staking is not creating value, it's trying to preserve what's there already (keep people from selling). the main benefactors are the ones with a huge stash to sell over time

  8. 1 week ago
    Anonymous

    The Top 3 Possible Chainlink-Staking Outcomes:

    1.
    >staking finally arrives
    >unstaking requires Level 70 VAXXPASS™

    2.
    >mandatory staking
    >lock-in period: 3 years
    >may never unstake

    3.
    >no staking ever comes
    >the Great Reset is dead on arrival and Chainlink goes to zero

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