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Message
Chainlink a good opportunity in the cryptocurrency space at these prices
Posted on 3/22/23 at 9:29 am
Posted on 3/22/23 at 9:29 am
Chainlink is essential to the crypto space. Defi is not possible without an oracle solution to bring off chain data on to the blockchain. LINK has the first mover advantage of being the leading oracle solution for the majority of DeFi platforms that exist today. Without LINk or other oracle solutions there is no way to provide real time accurate price feed data that is decentralized. A single source of data is a single point of failure, thus smart contracts are useless unless this problem is fixed.
CCIP is also coming up that will bring inoperability across Layer 1 ecosystems. No guarantee that LINK remains the frontrunner for either of these services, but Its first mover advantage and 1600+ partnerships amongst other projects gives it a good chance to become a top 5 Blue Chip crypto within the decade. I see it as being just as important as Bitcoin and Ethereum in the crypto space. A store of value, a decentralized financial system, and a way to integrate business and the real world onto that financial system..
Of course Crypto is speculative, but if you see a world that one day relies on smart contracts to fulfill even just 1% of the worlds transactions then LINK is a very good bet in my opinion.
Not saying that you should buy some, but you should definitely research and try to become educated on what Chainlink is trying to solve.
Not financial advice.
CCIP is also coming up that will bring inoperability across Layer 1 ecosystems. No guarantee that LINK remains the frontrunner for either of these services, but Its first mover advantage and 1600+ partnerships amongst other projects gives it a good chance to become a top 5 Blue Chip crypto within the decade. I see it as being just as important as Bitcoin and Ethereum in the crypto space. A store of value, a decentralized financial system, and a way to integrate business and the real world onto that financial system..
Of course Crypto is speculative, but if you see a world that one day relies on smart contracts to fulfill even just 1% of the worlds transactions then LINK is a very good bet in my opinion.
Not saying that you should buy some, but you should definitely research and try to become educated on what Chainlink is trying to solve.
Not financial advice.
This post was edited on 3/22/23 at 9:30 am
9
Posted on 3/22/23 at 9:39 am to tigersint
Did I wake up in 2020 again?
Posted on 3/22/23 at 9:43 am to TigerTatorTots
I like the cut of this guys jib
Posted on 3/22/23 at 9:54 am to tigersint
I will give you an upvote baw
Posted on 3/22/23 at 9:59 am to tigersint
I'm interested in this gamble.
Can you tell us about Chainlink management?
What is an example of a real world problem they are providing a solution for?
When will this solution be ready?
Can you tell us about Chainlink management?
What is an example of a real world problem they are providing a solution for?
When will this solution be ready?
Posted on 3/22/23 at 10:08 am to CE Tiger
I expected nothing less than to see CE Tiger up in here ha.
Posted on 3/22/23 at 10:37 am to LSURep864
Dude didn’t event mention Chainlink Functions… amateur…
Posted on 3/22/23 at 12:03 pm to tigersint
My friend told me to buy it back when it was 17 cents. He put about 50,000 in it then.
This post was edited on 3/22/23 at 12:05 pm
Posted on 3/22/23 at 12:09 pm to CE Tiger
quote:
Can you tell us about Chainlink management?
What is an example of a real world problem they are providing a solution for?
When will this solution be ready?
Our Lord and savior Sergey Nazarov as well as Pepe the Frog
-Providing pricing data Price feeds for a decentralized exchange for tokenized stocks or cryptocurrencies. Uniswap, etc. already live using chainlink price feeds.
Oh yes Chainlink functions is a pretty neat add on.
-Using chainlink functions to allow a crop insurance company to pay out claims based of input of weather data
CCIP wen ready? Only Sergey and Pepe know. He will keep dumping on us until its ready but when its ready blastoff
This post was edited on 3/22/23 at 12:14 pm
Posted on 3/22/23 at 12:34 pm to GrizzlyAlloy
quote:
My friend told me to buy it back when it was 17 cents. He put about 50,000 in it then.
So he had 14 million at the peak…. Yea not really buying that
Posted on 3/22/23 at 1:03 pm to CE Tiger
You guys explained what Chainlink does, but didn't mention the utility or function of the token.
For instant ETH is needed to use the Ethereum network.
For instant ETH is needed to use the Ethereum network.
Posted on 3/22/23 at 1:06 pm to tenderfoot tigah
I didn’t explain it . I’ve been explaining it for seven years now .
Posted on 3/22/23 at 1:20 pm to CE Tiger
quote:
You guys explained what Chainlink does, but didn't mention the utility or function of the token.
The token will be used to secure the oracle networks via staking which is currently live on a small scale. Chainlink holders (which ideally will eventually be big data companies) are able to put their LINK up for stake and they are able to provide data to the oracle network. If this data is tampered with or false data is provided then some of your tokens will be lost. On the other hand if you provide accurate data then you will be rewarded with more LINK.
Besides companies earning income from selling their data via staking, the token must also be used as payment for any application that needs to access the data feeds. So think of it in terms of “Gas fees”. Ethereum is used when a transaction is made on the network. The same will happen when price feed data is pulled, essentially a LINK gas fee to access and use the network.
Chainlink is not charging for this currently to my knowledge. The team is focusing on building and getting customers onboarded and then they will scale and begin this. Someone can correct me if I am wrong about this.
This post was edited on 3/22/23 at 1:30 pm
Posted on 3/22/23 at 1:49 pm to TigerTatorTots
quote:
Did I wake up in 2020 again?
Even 2020 is a few years too late
Posted on 3/22/23 at 4:05 pm to CE Tiger
OK? He made a lot of money on the fake weed shite in BR when that was a thing and parlayed it into crypto. Pretty lucky timing.
Posted on 3/22/23 at 5:04 pm to GrizzlyAlloy
So did he sell?
Posted on 3/22/23 at 5:36 pm to el Gaucho
It takes a special kind of person to ride the wave that has been Chainlink. Probably 0% chance this guy has 50k invested and road it to see his portfolio make out its first million then subsequently drop and lose 80% and then pump again. I’m guessing this dude was long gone before it hit $10 much less $50
This post was edited on 3/22/23 at 5:37 pm
Posted on 3/22/23 at 8:59 pm to tigersint
To hell with chainlink. I’m going all in on The Tiger King coin. Now that he has announced his run for presidency, it’s time to make some serious coin. Who’s in with me?
Posted on 3/22/23 at 9:19 pm to tigersint
pulsechain, launching in may(2022), %10000 returns!!!
Posted on 3/22/23 at 10:33 pm to j1897
easy there Rocket. It'll be ok.
You can come hang out on my yacht once a year.
You can come hang out on my yacht once a year.
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