I'm new to this and this is just a personal observation, any thoughts are welcomed.
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I've been buying LINK for a couple months now because it seems like a very interesting project. I also have bags in xtz, xlm, and a few other ones- the xrp community and their "riddlers" sucked me in for quite some time.
I recently got into investigating the chainlink community and I've gotta ask... what's up with Pepe the frog being the mascot? Can't seem to find any resources about it online. Thanks!
I brought about 300 Chainlink about a year ago, and with the crazy price increase lately that Chainlink is now a pretty huge percentage of my total portfolio (Am a student with very limited savings). To diversify a little I want to exchange some of that Chainlink into Bitcoin.
The problem is that all the online exchanges like Coinbase takes huge fees and spreads. I was looking for a cheaper way to do the exchange and concluded that the best way to do it would be selling Chainlink for Bitcoin directly to someone who wants more Chainlink. That way both of use save some money of fees.
Any tips for where I can find someone who would be interested in trading Chainlink for Bitcoin around market rate?
Thanks for tips :)
Hi Everyone, what topic would you like me to cover in my next video? Something ChainLink related would be great. I'm still learning and happy to learn new things everyday.
Any particular subject?
LINK has developed a tendency throughout the past few weeks of outperforming Bitcoin during uptrends and underperforming it during downtrends which means that its short-term price action could be largely dependent on that of Bitcoin.
I transferred Chainlink from Coinbase to Blockchain it was successfully comepleted but I cant find it on my Blockchain account?
We can see from https://market.link/search/nodes that the nodes actually serving job requests boils down to the first 4 pages out of 13 (or first 3 pages if we neglect nodes with few jobs). This oligarchy is in part due to the fact that the network is permissioned and it requires a high level of technical knowledge to run a node, and most likely, good connections.
Question: Does (future) staking refer to the fact that nodes may be required by the smart contracts to hold Link for running jobs? Or will it be PoS-like where the chances of participating are proportional to the stake?
If the answer is the former, in my opinion this oligarchy will continue. Big node operators will always be preferred over small unknown ones. That is the reason why reputation-based systems are in general less decentralized than PoW or PoS systems.
Also I would like to understand how the fact every node is attached to a real-life identity will work in case of censoship? If a node operator violates some laws, do you really think they will not stop?
I really would like to understand where does ChainLink have the edge here because I don't see how the current system will provide a censorship-resistant unstoppable network of oracles when things go South. In summary, I see the following problems with Chainlink:
I look forward to your answers.
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So looking at the mainnet oracle pricing, each query costs 0.1LINK. as the LINK price gets higher, doesn't that discourage actual usage of chainlink?
Specifically, synthetix which is the most well known customer, only queries an oracle once every 3 minutes, this sounds purely a business decision to minimize costs.
As LINK pricing increaes, it atually discourages people to use LINK and BTO or decrease usage.
What actually is the fundamental case for LINK to increase in value given these problems?
Is this a bad news for link? If not, why not is this a bad news
My basic understanding is that Chainlink is an Ethereum framework that makes it easy for smart contracts to interact with external data APIs in a decentralized manner.
Based on that I have the following questions:
Why is it necessary for LINK to be a token? Couldn't this functionality be done simply with "vanilla" Ethereum?
Does Chainlink only exist in the Ethereum network (ETH)? In illustrations and flowcharts I've seen the BTC and other network logos, implying that Chainlink is something that isn't exclusively tied to Ethereum.
Thus far it appears excellent and fairs a decent use case. But I'd like to dig deeper, I have the whitepaper are their other documents I can view?
Hello, Chainlink community,
I'm looking forward to obtaining some comments and answers about some doubts on LINK token distribution. I've searched around in the subreddit but the threads I found about it were non-conclusive.
This is the info I have gathered so far:
- Capped to 1Bn tokens total
- Planned split in 35/35/30% (public sale / node ops / company behind LINK)
- It seems there was a controversy with the ICO distribution between the pre-sale and the public sale amounts, the final outcome and its effect in the above split are unclear and hard to grasp for a new investor, just that instead of the original 2k link/eth investors would receive 2,6k, does that mean that part of the last 30% dedicated to the company spilled over into the public sale %? Can anyone clarify this better, please?
- Top 5 wallets hold close to 56% of total tokens, top 10 close to ~70% and top 100 about 85% (src: https://cryptorank.io/currencies/chainlink/holders ). Is this distribution information correct? Are there publicly known top wallet owners?
-The number of accounts is around 120k. So looking at the point above, about 15% is actually held by the ~99.92 of wallets, is this assumption correct?
- How 35% of tokens will be distributed among node operators is unclear, in both terms and timespan.
- Price/market trackers estimate around 350M tokens in circulation and not the full amount, so that would mean the rest is safely unvested and locked in contracts? When will the rest of the liquidity be injected/available/considered in? How is this liquidity calculated?
Thank you in advance for your help.
I really appreciate the passion of the $LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies they are dedicated to a project that has real promise and technical merit.