Anyone else notice the massive increase in LinkPool dex activity lately?
Just yesterday there were 4 different buys for over 10 ETH each
Then today the entire trade history is filled with orders from March 6th
The activity of trading LP has increased dramatically, and the price of LP is slowly edging upwards
Is this insider knowledge about staking?
Other urls found in this thread:
etherscan.io
staking.linkpool.io
twitter.com
how many to make it
soon
Example: theres this wallet etherscan.io
that bought almost 30 ETH worth of LP 3 days ago, and is now getting over 16 LINK per LP distribution
For reference, at my measly 0.04 LP i got 0.0228 last distribution
That means this guy who just bought 27 ETH worth of LP now has 28.68 LP
Or the equivalent of 975 ETH worth of LP
Thats quite literally $231,000 worth of LinkPool
And he keeps buying more.
Based autist
brainlet here, how do I stake LINK
I have 1.4 LP and im an American. Never selling.
feels good to be an ICO buyer
I did buy some linkpool shares for a few friends and my waifu as well
those who know haven't sold a single one
it will outperform eth at the very least
at ~13m effective market cap (1000 shares in circulation), it has a long way to go
t.1 of 186
Yes, it appears no other node operators plans on offering staking to the public. And why would they? This would only dilute their profits with plebs.
If you want to stake, Linkpool will be your only options at least for the first months
>If you want to stake, Linkpool will be your only options at least for the first months
lol it's going to be funny to see everyone rushing in to buy shares when they realize
Because you won’t be able to sell
>Because you won’t be able to sell
implying
Reported to the sec, have fun brainlet
I dunno if anyone saw it...but possibly wagyu user made a thread a few days ago and was gonna post some breadcrumbs related to staking but then never replied after a bunch of newfags swarmed his post...
Seems like interesting timing...
Yes, and theres only what, 500 holders right now? Total supply of 4000, circulating supply 1000.
I unironically expect 1 share to go for a million usd in a few years.
Can you find the warosu?
Ì just wonder who buys whole LP shares. They are trading for what? $7000 per share? And the service hasn't even launched yet.
Either they will really pop till launch or tumble hard.
Have you thoroughly read the latest RealT Medium article? David Hoffman clearly talks about LINK staking and its high value contracts asking for a high staking in nodes willing to serve real state data.
Pooled nodes are the answer to serve these high value job requests. Check it out, RealT v2 can't exist without staking... It's coming
I'd rather run my own node thanks
I almost bought some, but I think it's overpriced compared to the potential revenue. I think buying more LINK is a better deal.
this is something i struggled with ever since LinkPool ICO
i settled on buying 0.04 (the minimum amount you can buy) because i was told that LP owners will get early access to staking in LP nodes when staking goes live
maybe im an idiot and more LINK would be better but at this point 0.04 LP is like $300, which is absolute pennies compared to my LINK stack
Honestly im letting my LINKies accumulate for awhile, i prob won’t stake for the first half year to start seeing the data and the risk of the node operators.
staked link are guaranteed on linkpool
O.O where can you even buy it, if possible. Might be too late for me and ill have to go somewhere else.
I simply don't think $10k of LP will be more valuable than $10k of LINK after $1000 EOY.
The price has been fluctuating around 30 ETH/LP share for some time, so it seems like a relatively safe bet, if expensive.
linkpool is a scam that steals all your linkies, which is also a scam
Nope can’t even buy it as a U.S citizen.
they will eventually have to split the shares to account for the decimals
probably 0.04LP shares will become 1.0LP shares in the future
regardless, it will be glorious. Thank you to all the Linkpool team, very professional and skilled.
noVPNers BTFO
>still no link/usd feed
Why would they would need to do that? seems like its working just fine
It's not /that/ hard to use a VPN.
>LP will have a 4 billion dollar market cap
...
They won't. The reason the split is where it is now is because of gas costs for distribution. They picked 0.04 as the best midpoint between fine-grained share splits and lower cost for distribution.
I spent all my moolah on link if it still cheap by next year ill get a share or .5 with my bonus.
That was a problem last year, but distribution gas costs are way lower now. Also, we are currently talking about 500 wallets holding LP - how would gas costs be a problem if it were 5000?
Thanks for filling my buy orders just now fagget
Also been watching this wallet. He seems to be market making the dex. Always having orders on both sides.
Currently he is selling at 34 and rebuying at 30.
ok real talk anons give me the scoop on this: how legit are these guys and what's the chance they run away with the money or their whole operation goes tits up before staking is implemented?
I've got like 3k linkies and last I checked I'd have to basically sell them all to get 1 LP share but I'm tempted for sure
When you buy LINK you are buying an asset class. When you buy LinkPool you are buying stock in an individual company.
>what's the chance they run away with the money or their whole operation goes tits up before staking is implemented?
Basically 0. Jonny, the founder, is a member of the Chainlink dev team and his node get paid directly out of Sergey's pockets.
I don't see a scenario where Link succeeds and Linkpool doesn't. The only real downside is if there are dozens of large staking pools (Binance, Coinbase and so on) who will all compete for their user's Link.
But come on, Linkpool's total cap is like 0.5% of Chainlink's cap. Do people really believe that Linkpool will only manage 0.5% of all network traffic?
Its going to be more like 5%, in which case the shares are crazy undervalued right now.
Let me say that again, if LP had 5% of Chainlink's cap then 1 share would trade for 300 ETH.
No because it's bullshit and just a bunch of shitty terraform templates a monkey could write /thread
There are already 20-something nodes. Furthermore, we should expect mainstream data providers (stock exchanges, news agencies, weather agencies, title companies, insurance companies, etc) to run their own nodes.
>Furthermore, we should expect mainstream data providers (stock exchanges, news agencies, weather agencies, title companies, insurance companies, etc) to run their own nodes.
while we're on the topic of this
can someone explain to me why a company wouldnt just run their own node with 0 LINK staked
if I am $BigCompany and i need a LINK node to feed some data into my smart contract, whats stopping me from running a LINK node with 0 LINK staked, and then using my own node that I trust to provide accurate data (because i control it)
doesn't this effectively bypass all need for staking?
Also, no need to buy 1 LP, just buy the minimum share 0,04 and you will be fine.
The 20 nodes don't matter at all without collaterals.
What matters are the hundreds of millions of Link that will act as node collateral later. Where will they stake? A large portion will go to Linkpool.
Many of them probably will.
Ok, guess we need to get into the basics of Link:
The main use case of the Link token is for node collateral. Imagine a future world where smart contracts get fed data from nodes without collateral (and get paid for that data).
What would happen? Well, everyone would set up as many nodes as they can and try to fill as many data requests as possible without even caring if their data is correct or not.
This wouldn't work, there needs to be a way to punish nodes for delivering wrong data (wrong = against consensus). So if your node sends a price data of $300 per ETH, while the network censensus of the other nodes says its $200, your node will get punished and lose some of your collateral Link.
yeah but there's really no point to that apart from earlier steaking
you ape. you've had two years to write your own templates that are so easy. why haven't you made your own company instantly worth millions ape?
I sold a big bag of eng moments before their fiasco and picked up another full LP and 1k linkies. felt good. real good.
right but this doesnt exactly answer my hypothetical scenario
if a large company needs a link node for data, what exactly is stopping them from setting up a link node on their own, staking 0 LINK, and then exclusively using their own node to feed their own smart contract
it would be redundant for them to stake LINK in a node that they control, because they can make sure that the node is acting honestly, as it is their own node
there is 0 reason for them to stake LINK on their own node that they use for their own smart contracts
the fundamental problem with you assessment is thinking these were 'buys'.
the trading book and history is backwards on linkpool dex
Based brainlet
you can do this now without chainlink, but it's not really decentralized is it nufag
youre right, just trust the central power no one will exploit this.
They don't need to make smart contracts with themselves. Smart contracts are for 2 parties that don't want to risk one or both trying to weasel out of the deal.
using their own node to feed their own smart contract
That is what we call centralized and they shouldn't even use smart contracts then.
If any company markets such a setup as "we use blockchain, look at us" then its just shady as fuck and should be avoided.
nobody is going to do business with you if the smart contract you offer only designates a single node that you, the counterparty, controls. especially a node without anything at STAKE kek
go back faggot