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.
Increase in LinkPool buys
Nolan Morris
Isaac Thomas
yeah but there's really no point to that apart from earlier steaking
Jayden Martin
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?
Levi Wood
I sold a big bag of eng moments before their fiasco and picked up another full LP and 1k linkies. felt good. real good.
Sebastian Phillips
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
Lincoln Ortiz
the fundamental problem with you assessment is thinking these were 'buys'.
the trading book and history is backwards on linkpool dex
Caleb Taylor
Based brainlet
Zachary Sanchez
you can do this now without chainlink, but it's not really decentralized is it nufag
Nolan Rivera
youre right, just trust the central power no one will exploit this.
Lucas Moore
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.