re: You guys ready to learn about Decentralized Finance (DeFi) yet?

Yes you do.

quote:

---

The separation of these problems (data delivery vs. data quality) has been applied to the architecture of the decentralized oracle networks powering Chainlink’s Price Reference Data, which are the most used oracles in DeFi and power over 90% of Ethereum’s decentralized derivatives market. Based on the success of these oracle networks in providing high-quality data to live applications, we've identified five essential components to solving the data quality problem.

---

There have been several platforms that have been destroyed by faulty price feeds and flash crashes using centralized oracles. Celsius only works because it’s using Chainlink

Try again

quote:

---

The Celsius crypto financial services platform has integrated Chainlink’s decentralized price feeds as a key component of its pricing services.

---

LINK

That’s the thing it is such the standard that people don’t even realize it’s being used yet node operators are being paid tons of Link for the data they provide each day

Celsius doesn’t exist in its current form without Chainlink.
Yes you as the buyer does not need the token however the oracle network does not work without that token

Because the next stage is staking and collateral. This brings the big money into the game. And yes you need the token to transfer the data. Business are chomping at the bit to sell data. “Data is the new oil” you already see it with the parent company of T Mobile deciding to become Chainlink node operators. Just as BTC has a limited supply, so does Chainlink. And to play with the big boys you need the asset. So if a Fortune 500 company wants to buy my Link then they will pay for it. And they want my link because the use cases and profits of selling data, eliminating a middle man , and utilizing the true potential of a trustless smart contractis worth way more to them then paying for a few Link tokens.

quote:

---

Have you missed that fedgov has the full support of isps, intel and big government to shutdown things just like this?

Wall Street didn’t funnel all that cash to Joe and his backers to let this happen.

---

Do you know what decentralized means?

quote:

---

So if a Fortune 500 company wants to buy my Link then they will pay for it. And they want my link because the use cases and profits of selling data, eliminating a middle man , and utilizing the true potential of a trustless smart contractis worth way more to them then paying for a few Link tokens.

---

sure you can stake it but several coins can be staked right now

and we don't need a token to buy and sell data. the software is valuable yes, but the token serves zero utility (unless they pivot and they have hired a lot of smart people so maybe they will)

quote:

---

but the token serves zero utility

---

You keep saying that but the token is used for :
Transfer and Call function (ERC 667 token)
Pay for the Data
Collateral and incentive for not providing fricked up data

Seriously argue this out in the crypto thread. After today the discussion should be on Decentralized Finance and how it creates an environment where the shite from today can’t happen and transparency on the blockchain for trading and moving money

Well the over 400 integrations using Chainlink do.

celsius holds chainlink tokens so it can function?

interesting

quote:

---

Someone’s looking to poke the bear but I’ll play along

---

huh? why cant we talk about it

quote:

---

The distinction you are trying to make in that the end user of the program does not need to use the token does mean the token is worthless.

---

read that again and tell me it makes any sense

quote:

---

We are using this website right now only because of many services we do not use directly(hosting, cloud etc). Without those things this website doesn’t work and you couldn’t use it.

---

my point exactly