Hi..I just read the chainlink progress report of 2021.., it

Question

Hi..I just read the chainlink progress report of 2021.., it

seems mind blowing...im just wondering if there is something wrong with the chainlink token integration..,how can such growth still allow continuous price decline....my guess is this must have been discussed at nauseum already but im new...so does anyone have a few of the most obvious reasons? Thanks

#blockchain #cryptocurrency #english #link

0

06.03.2022

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S3xyDutchm4n

CCIP is truly the most exciting thing I’m looking for. Pegged tokens on other chains are now only as secure as the liquidity in the bridge that bridged them . With higher security the space can flourish into a new era of DeFi

0

06.03.2022

alchemist Автор вопроса

Drake
The vast majority of capital in crypto is pure spe...

Thanks a lot Drake..i saw the rise of chainlink when it first came out..i (kind of) understood the need for oracle services and chainlink.. though never really dove in deeply enough into the project to understand the grasp..im doing that now and I'm feeling like someone who has just struck gold.. the potential magnitude of this project is insane..for some time i even (shallowly) checked out api3 and some other oracles..(figured api3 also had a nice setup but clearly lacked integration).,. Though are you saying that staking is the only reason LINK is underperforming...i mean.. shouldn't there be some correlation between the services rendered by link and the token appreciation? Even without staking i mean

0

06.03.2022

Drake

alchemist
Thanks a lot Drake..i saw the rise of chainlink wh...

> shouldn't there be some correlation between the services rendered by link and the token appreciation It is fairly limited in terms of a direct manner until those services are operating at the immense scale they are intended for, all of crypto is childsplay right now. Largely just a sandbox for chainlink to prove itself for when it takes over real workloads.

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06.03.2022

Drake

@lchemista also read these when you get some time, hopefully the above all helps re insight

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06.03.2022

alchemist Автор вопроса

Drake
@lchemista also read these when you get some time,...

Thanks a lot once more brother 🙏🏾 I did read them and it was very insightful...i was just typing an elaborate message to you but when i got to the end it somehow all disappeared.... Hands starting to hurt a bit so I'll rewrite it some other time I will say that i read up and found out about the fud with the big (team) wallets and token distribution etc Fact that many tokens are still to be released a little concerning regarding the time frame of when we will get to the point that the demand for the token outgrowths the release of the many tokens available. Bottomline would be ..sure it Will Be a Great investments. when will it start to pay out.. I will dca a little into it starting today though.. just have to be around to say " remember in year xxx when chainlink was merely xxx" 😊

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06.03.2022

Drake

alchemist
Thanks a lot once more brother 🙏🏾 I did read them ...

No problem, if you tag me properly ill eventually read it/reply. Sergey already paused token dumping FYI, I doubt they will start again until adoption is ramping up and they are expanding rapidly.

0

06.03.2022

alchemist Автор вопроса

Drake
No problem, if you tag me properly ill eventually ...

That sounds comforting 😃

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06.03.2022

Drake · Accepted Answer

The vast majority of capital in crypto is pure speculation - how did ADA reach 90~ billion MC with no functioning ecosystem? However the tokenomics of the chainlink ecosystem are not fully realized until staking is in operation which is confirmed for this year along with CCIP. The market hasn't worked out where the long term value capture is. The oracle problem is worth more than all of crypto combined. >Blockchain = Computer >Blockchain + Oracles = Computer + Internet >Blockchain + Oracles + DECO (CL component) = Computer + Internet + TLS/SSL Chainlink is Layer 0 (see CCIP), the blockchain of blockchains without a blockchain. Abstraction layer that will be used by everyone, in the end crypto = the "Chainlink Cloud" and everything else will be plug-in's and adapters to said cloud. They are building the worlds first trust network which is an extension layer to the entire Internet. It is also a winner takes all layer - attempting to replace/compete with Chainlink will be the equiv of trying to spin up a second competing set of Internet protocols.

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Hi..I just read the chainlink progress report of 2021.., it

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