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re: You guys ready to learn about Decentralized Finance (DeFi) yet?
Posted on 1/28/21 at 7:38 pm to CE Tiger
Posted on 1/28/21 at 7:38 pm to CE Tiger
ive researched chainlink thoroughly bud.
thats why i asking these questions and lighter answered me that you dont need the token, which is what i assumed
thats why i asking these questions and lighter answered me that you dont need the token, which is what i assumed
1
Posted on 1/28/21 at 7:41 pm to rocket31
quote:
lighter answered me that you dont need the token,
I didn’t see that in his answer. The underlying technology needs the token. That’s part of blockchain . Just because YOU don’t need the token does not mean the token is not needed.
Posted on 1/28/21 at 7:45 pm to CE Tiger
so youre suggesting that celsius needs the chainlink token?
Posted on 1/28/21 at 7:46 pm to rocket31
Holy frick yes
They don’t get the price feeds for their assets to execute the contracts without paying for them through the link token
Without the data that Chainlink provides, Celsius doesn’t exist. They can’t get that data without paying for it through the link token
They don’t get the price feeds for their assets to execute the contracts without paying for them through the link token
Without the data that Chainlink provides, Celsius doesn’t exist. They can’t get that data without paying for it through the link token
This post was edited on 1/28/21 at 7:47 pm
Posted on 1/28/21 at 7:49 pm to CE Tiger
quote:how many tokens do they need?
Holy frick yes
Posted on 1/28/21 at 7:53 pm to rocket31
Well in the last 24hrs, 23,510 Link tokens were paid out to node operators (about a half a million dollars) so they were a part of that but unless I look through the ether scan data I don’t know the exact number that Celsius has paid.
Posted on 1/28/21 at 8:00 pm to rocket31
I guess we don’t see eye to eye on this one but thanks for listening.
Posted on 1/28/21 at 8:02 pm to TigerTatorTots
quote:
Wall Street won't have a choice. They can't pull the plug on it
I meant they’ll have Congress outlaw it
Posted on 1/28/21 at 8:04 pm to CE Tiger
the purpose of chainlink is to disincentivize oracle fraud and 23,510 link tokens need to paid out in 24 hours for that to function
ok
ok
Posted on 1/28/21 at 8:04 pm to jlovel7
quote:
I meant they’ll have Congress outlaw it
you think that does something? VPN my boy, VPN Jesus some of you boomers really need to learn the government doesn't control everything.
Posted on 1/28/21 at 8:06 pm to CE Tiger
President Citibank laughs in your general direction.
Posted on 1/28/21 at 8:12 pm to rocket31
quote:
the purpose of chainlink is to disincentivize oracle fraud and 23,510 link tokens need to paid out in 24 hours for that to function
So the guys providing the data shouldn’t be rewarded? Why are btc miners rewarded, they run the nodes. Same concept for Chainlink oracle network.
Posted on 1/28/21 at 8:18 pm to CE Tiger
sure, but chainlink subsidies the node operators to boostrap the network
celsius does not pay them anything
celsius does not pay them anything
Posted on 1/28/21 at 8:21 pm to CE Tiger
quote:
So if a Fortune 500 company wants to buy my Link then they will pay for it.
If you truly believed in the tech why would you want to want to sell your decentralized asset to move back into a centralized asset?
Posted on 1/28/21 at 8:25 pm to MrSpock
quote:
If you truly believed in the tech why would you want to want to sell your decentralized asset to move back into a centralized asset?
Because I’m not one of those down with the bankers crypto guys. I believe that the technology has the chance for huge profit savings and revenue for big business. This is why I’ve never owned Bitcoin and my money goes into Ethereum and Chainlink. I feel their value is by integrating into existing systems through the use of smart contracts.Derivatives and Insurance was my main plays. DeFi has been an added bonus which has really taken off.
Posted on 1/28/21 at 8:28 pm to MrSpock
quote:
If you truly believed in the tech why would you want to want to sell your decentralized asset to move back into a centralized asset?
My answer to this question is that all Investments are using money (usually USD) to buy assets that appreciate in value and make you more money. Believing in a technology (and making money from it on the side) does not take away the incentive for me to use other USD funds to buy and own parts of business that I also believe in. Its not all about the money. The investment aspect of it is, but the tech behind it is pretty awesome once you research it.
This post was edited on 1/28/21 at 8:31 pm
Posted on 1/28/21 at 8:36 pm to rocket31
quote:
celsius does not pay them anything
Completely false
Posted on 1/28/21 at 8:38 pm to DallasTiger11
nope unless the chainklink node operators are lying about it...
Posted on 1/28/21 at 8:41 pm to rocket31
I’ve actually requested data from Chainlink before and know exactly how much it costs. I have an invoice from them and it is definitely not free
Posted on 1/28/21 at 8:41 pm to rocket31
Somebody is paying for the price feeds . Whether Sergey gave them a bunch of Chainlink tokens to kickstart it is one thing but the price feeds don’t move across the blockchain without the Link token
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