What are the chances of Sergey subsidizing Staking Rewards? I mean Higher rewards would incentivise more users to stake and further secure the network.
LULZ / Finance & Business
What are the chances of Sergey subsidizing Staking Rewards?
What are the chances of Sergey subsidizing Staking Rewards? I mean Higher rewards would incentivise more users to stake and further secure the network.
>welfare for neets
he owe me something
i think the team owe me a lil sumtin sumtin
He's already doing it. Most PoS L1s are also doing it at the moment. It'll be a comfy hold
we are unironically going to be so fucking rich
There are no "staking rewards", you just get more and bigger jobs if you stake.
This is something 99% don't realise, there are no staking rewards, you only contribute to to bettering the network. It is deemed a sacrifice, price may go up, may also go down but there are no "passive gains".
>It is deemed a sacrifice
No, it's literally collateral for making sure you handle the data correctly.
Without it, shit like smart securities will not be possible.
Collateral is the same as sacrifice, it just sounds fancier and thus was adopted by the community as a coping strategy. You will be contributing to the system but expecting rewards back as a result? Tell me where that is stated.
Sacrifice implies you're willingly parting with the collateral.
>What is a virtuous cycle
This is some retarded as fuck fud, friend.
Sure, writings on the wall.
You stake Link in nodes. The node spits out more Link as job rewards.
>HURR DURR IT'S NOT REWARDS, YOU'RE MAKING A SACRIFICE!
Absolutely coping and seething.
How is that collateralized?
90% sure I'm being trolled right now, if so good b8 m8 but if not, where does that 'rewarded' link come from? The magical link tree? There are no rewards imbecile, you will sacrifice and be happy.
>sacrifice
Stop being this retarded
Thank you for educating me, truth is I like link but don't know much about it so I'm going to just buy more. Do you think staking will be 3%?
I have no idea what staking will be. I think it'll probably be disappointing initially, as will the pump on the release of staking. Chainlink, as a network, is about inexorable growth, and that has been demonstrably true so far. Sergey's ethos has always been to become indispensable and to capitalise once that indispensability is attained, and in this I am convinced that all the right moves are being made. DEFI doesn't work without Chainlink. How long will it be until we begin to see TRADFI no longer work (competitively) without Chainlink. Once that that happens, in even the tiniest part, the price of Link will appreciate so that even staking only 100 Link at 1% apy will grant that person a comfortable life. We won't be there for a long time but that is what I am waiting for. Whatever happens between now and then is not something I concern myself with.
If you want to know more about how Link works in a basic sense this article sums it up fairly well.
https://www.kaleido.io/blockchain-blog/how-chainlink-works-under-the-covers
Thanks man sorry for the grief earlier I was in a funny place
Users have to buy Link to use the network. If there is a scarcity of Link on the market to buy, this drives the price of Link up and up until someone sells. If the unit cost of Link gets higher, the rewards in Link will drop to reflect that. Self balancing system. If you can't understand, I'm really sorry.
You say I'm trolling but you don't have even the most basic knowledge of how the network works.
Yes, Link comes from the magical Link tree, and all the Linkies will sit under the tree and Link will fall on them from the tree and they will be happy and do the stinky linky dance.
Fucking retard.
>You stake Link in nodes. The node spits out more Link as job rewards.
If the node doesn't get jobs, then you're not getting shit as a staker. If the node doesn't perform the job to the specification of the developers, you're gonna lose your tokens.
This isn't a push Link in and get Link APY back kind of deal.
yes, people are this stupid
also i imagine that there will be a usd "front end" to account for link volatility in time
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S E R G A Y
B E T R A Y
Me fink Chainwink owe me a wiw sumfink
>What are the chances of Sergey subsidizing Staking Rewards?
0%
the only ones he subsidizes are the 300k/year hr roasties that he is still hiring
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>50 million revenue
>same as fucking Ethereum Name Services (rank 135)
Chainlink secures $40 billion yet only costs 50 million.
Talk about efficiency.
And that's before staking, pepper your angus.
$1 securing $40 billion would be super efficient. but why would anyone stake the token? ethereum is expected to have 10% apy
>why would anyone stake the token?
To allow for things like smart securities. You derp.
The current model is great for Defi, but Chainlink's security needs an exponential boost to enter the big leagues.
why would i stake the token if ethereum offers greater apy? this doesn't make any sense
>if ethereum offers greater apy
Right now zero (0) Link tokens are staked, yet nodes are already profitable.
Current Chainlink apy is mathematically infinite.
nodes can earn $0.001 yearly and "be profitable"
Even $0.001 yearly is infinite APY if literally zero is staked to obtain it.
staking will not increase network usage. cope
Things like smart securities and neet nodes aren't possible without staking.
Of fucking course staking will increase network usage.
neet nodes won't increase network usage
>smart securities
any proofs of this?
>neet nodes won't increase network usage
Neet nodes are network participants, their involvement IS network usage.
securities
>any proofs of this?
Swift for instance has been working with Chainlink on smart securities since 2017 lmao
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You hold link
blah blah blah fucking blah blah.
stfu all crypto blah blah
Wait, what is the 350M wallet for? Is node incentives not a bonus rewards for stacking?
Big Macs
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Sheeeit. Dat Sergay be owin me free link ma bro
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>THE SACRIFICE FUD
just when you thought you'd seen everything
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trannies out at full force, what will we ever do but sell the generational accumulation zone?
captcha: SGNR4, the serg knows and supports us, keep stacking linkies
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never in my life have i seen people being so desperate to make me sell
I can’t stop ruminating over how much sergey and the team owe me. When will we receive what we are rightfully owed