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Message
re: Official CryptoTalk Thread
Posted on 6/11/19 at 8:03 am to CE Tiger
Posted on 6/11/19 at 8:03 am to CE Tiger
quote:
So the price will rise not only to meet the insured needs of smartcontracts but also because the LINK node miners are making money providing this service much like the price of BTC. (there are about 3 main factors that make the price rise one of them from mining and difficulty) Its very simple. The more LINK staked in the nodes, the more profit one can make running that node. The more LINK staked in the nodes the bigger the smartcontract economy can become. The more LINK staked in the nodes the more stable the network/connectivity becomes. Finally The more LINK staked in nodes the higher the price becomes
I thought the same thing with all the node staking with Vechain and was crushed into reality . Then they decides to add .00 at the last minute and it was downhill after that . I realize they're much different but expecting price increase because of staking tokens into nodes in a traders market is a stretch. Hopefully, LINK turns out different .
This post was edited on 6/11/19 at 8:11 am
3
Posted on 6/11/19 at 9:41 am to DreauxB2015
Nobody has woken me up yet to tell me Eth is back to $800 :(
Posted on 6/11/19 at 9:58 am to DreauxB2015
quote:
The more LINK staked in the nodes, the more profit one can make running that node. The more LINK staked in the nodes the bigger the smartcontract economy can become. The more LINK staked in the nodes the more stable the network/connectivity becomes. Finally The more LINK staked in nodes the higher the price becomes
I feel like I've read this somewhere before.......
Posted on 6/11/19 at 10:29 am to DreauxB2015
No one uses the super Thor vet crap nodes. And there really isn’t any reason to stake coins other than to generate VThor. The link token is the technology behind the whole network. It is what allows data to be transferred into the smart contracts
Posted on 6/11/19 at 11:23 am to CE Tiger
quote:I hope you’re right but Where are you getting that information? It seems like there’s a hundred other companies trying to do the same thing.
The link token is the technology behind the whole network
Posted on 6/11/19 at 12:45 pm to Dellybelly82
Posted on 6/11/19 at 12:56 pm to Dellybelly82
Yeah I've done a ton of reading on Link, and I have coins, and I hope it works out, but everything you read about Link is the same cycle. I need to see real MainNet use cases because the articles about it are so circular and vague.
"Decentralized Oracle"
"Microsoft, bro"
"Missing link to feed smart contracts"
I couldn't care less whether this actually works, I just hope the price goes up.
"Decentralized Oracle"
"Microsoft, bro"
"Missing link to feed smart contracts"
I couldn't care less whether this actually works, I just hope the price goes up.
Posted on 6/11/19 at 1:13 pm to S1C EM
quote:
I feel like I've read this somewhere before.......
So LINK is no different than other coins currently on the market?
So it seems like the coins that are either first (Bitcoin) or actually offered something different (Eth) have been around and the market reflects their value and all other coins just repetitive and offer nothing new?
So the real key is to cut through the buzzwords they all use like the pyramid schemes some of them are and find one that will offer something different but as of now that hasn't happened?
Posted on 6/11/19 at 1:21 pm to stout
Please tell me what other coin on the market is working on Decentralized Oracles??
Read the link and medium article I posted before coming in here and screaming Ponzi scheme
Read the link and medium article I posted before coming in here and screaming Ponzi scheme
quote:
GoChain will be working closely with the Chainlink team to provide oracle services to enterprises working with GoChain. Enterprise companies like DISH Network and Microsoft have already committed to building blockchain solutions using GoChain technology. Our collaboration with Chainlink will amplify enterprise use case and pave the way for real-world adoption by interfacing off-chain data with the GoChain blockchain in a secure fashion.
This post was edited on 6/11/19 at 1:27 pm
Posted on 6/11/19 at 1:25 pm to CE Tiger
Simply Googling "Decentralized Oracles" pulls up this article in the first link which shows 5 other coins doing it
LINK
GD you are so defensive you would think I said something about your wife.
Read what I said. I said some coins are ponzi schemes. It's hard to deny that some are/have been.
It's really hard to try to have a rational talk with you because you are so defensive of every little thing you think might be a slight to LINK. Actually it's quite pointless and you are like a kidnap victim with Stockholm syndrome.
LINK
quote:
Read the link and medium article I posted before coming in here and screaming Ponzi scheme
GD you are so defensive you would think I said something about your wife.
Read what I said. I said some coins are ponzi schemes. It's hard to deny that some are/have been.
It's really hard to try to have a rational talk with you because you are so defensive of every little thing you think might be a slight to LINK. Actually it's quite pointless and you are like a kidnap victim with Stockholm syndrome.
This post was edited on 6/11/19 at 1:29 pm
Posted on 6/11/19 at 1:31 pm to stout
You started your post with
I am defending that statement and telling you why it’s different. I mean I don’t know why I even bother I’ve got my bag just trying to educate others . I’ve been saying the same thing in this thread for almost 2 years and the coin has gone from 17 cents to over $1 and back again. You don’t want to have a rational discussion you want to prove that crypto is a Ponzi scheme with zero research into the projects we talk about in here
quote:
So LINK is no different than other coins currently on the market?
I am defending that statement and telling you why it’s different. I mean I don’t know why I even bother I’ve got my bag just trying to educate others . I’ve been saying the same thing in this thread for almost 2 years and the coin has gone from 17 cents to over $1 and back again. You don’t want to have a rational discussion you want to prove that crypto is a Ponzi scheme with zero research into the projects we talk about in here
Posted on 6/11/19 at 1:34 pm to CE Tiger
Seems LINK had a strategy to unleash many off its partnerships after mainnet . I like it . Im sure they’re many more to come .
This post was edited on 6/11/19 at 1:35 pm
Posted on 6/11/19 at 1:44 pm to CE Tiger
quote:
I am defending that statement and telling you why it’s different.
But you didn't. You listed one thing that other coins are doing as well which was my point. From what I can tell LINK isn't doing anything to set itself apart just like the hundreds of other coins.
quote:
I’ve been saying the same thing in this thread for almost 2 years and the coin has gone from 17 cents to over $1 and back again.
Cool but you know that doesn't mean much without a "product" and it is all purely hype driven. It's cool if you made money off of it but let's not act like LINK doing that in such a volatile market like crypto is uncommon and/or special.
quote:
You don’t want to have a rational discussion you want to prove that crypto is a Ponzi scheme with zero research into the projects we talk about in here
I have had rational discussions in this and other crypto and I owned crypto before the majority of this board. I was mining Bitcoin back when it was pennies (wish I would have kept it obviously) so I don't think crypto itself is a ponzi. I do think it's perfect for someone to run a ponzi and get away with it which I suspect a few coins have done.
I never said LINK was a ponzi but you get all bent out of shape about it because how dare someone question you or your pumping!
I don't think LINK is anything different than Vechain, IOTA, insert 10 other coins here as of now, and uses the same buzzwords they all do. Until one delivers anything more than promises then it's OK to be skeptical IMO and not blindly pump shite like you do.
Could LINK deliver and seperate itself? Sure but so could a dozen other coins promising the same things and it is literally a gamble on which one will.
Think of the Dotcom boom and ask yourself where is Altavista, broadcast.com, Lycos, Excite, etc now. It's the same thing as of now in crypto and to deny that is being obtuse.
Posted on 6/11/19 at 1:56 pm to stout
Again.. LINK as a solution for decentralized oracles is great. The technology and the idea are sound.
But just like most every other currency except BTC, what is the point of Stout holding 200 of them in a digital wallet?
like every other coin, they have absolutely zero utility to him... other than their value may rise, like a commodity or a share of stock
But just like most every other currency except BTC, what is the point of Stout holding 200 of them in a digital wallet?
like every other coin, they have absolutely zero utility to him... other than their value may rise, like a commodity or a share of stock
Posted on 6/11/19 at 2:00 pm to jmcwhrter
quote:
Again.. LINK as a solution for decentralized oracles is great. The technology and the idea are sound.
You nailed it in that it's still an idea and not a product yet. All coins are simply ideas at this point and they only ones that hold any real value in the eyes of the market is the one that was first (bitcoin) and the first to bring something different (Eth) like I said. Beyond that the rest is pure speculation and the market reflects that both in price and volatility.
quote:
like every other coin, they have absolutely zero utility to him... other than their value may rise, like a commodity or a share of stock
Yea I am not stupid. I get what the coins represent but thank you for thinking I needed that part explained.
Posted on 6/11/19 at 2:01 pm to stout
quote:
So LINK is no different than other coins currently on the market?
I can't personally say one way or the other. Thing is, I don't know that anyone can.
quote:
So it seems like the coins that are either first (Bitcoin) or actually offered something different (Eth) have been around and the market reflects their value and all other coins just repetitive and offer nothing new?
I pretty much agree with this. The alts seems to follow BTC and ETH outside of a few short-term runs here and there. I'm not sure there's any one coin out there worth holding more than the big two.
quote:
So the real key is to cut through the buzzwords they all use like the pyramid schemes some of them are and find one that will offer something different but as of now that hasn't happened?
Buzzwords....that's what they do. Whatever happened to the good ol Coca-Cola Kid, anyway?
Posted on 6/11/19 at 2:06 pm to stout
quote:
Yea I am not stupid. I get what the coins represent but thank you for thinking I needed that part explained.
wasn't talking to you
was responding to CE Tiger saying that the LINK token is the key to its success as a technology. All I can find is that for the average consumer, the LINK token serves very little purpose
Posted on 6/11/19 at 2:10 pm to jmcwhrter
quote:
wasn't talking to you
was responding to CE Tiger saying that the LINK token is the key to its success as a technology. All I can find is that for the average consumer, the LINK token serves very little purpose
My bad but you responded to me and referenced me so I assumed...
Posted on 6/11/19 at 2:11 pm to S1C EM
quote:
Buzzwords....that's what they do. Whatever happened to the good ol Coca-Cola Kid, anyway?
Don't know but I wish he would pump my Vechain so I could dump it. Bag holding it and averaging down here and there for now.
Posted on 6/11/19 at 2:39 pm to jmcwhrter
quote:
for the average consumer, the LINK token serves very little purpose
Maybe the token isn’t for the average user . The whole point of the token sale is the appearance of decentralization . The real purpose of the token is to all Fortune 500 companies to utilize blockchain technology through the use of decentralized oracles using the link nodes and the tokens to pay for and allow for the transfer of data into the smart contract
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