Hey fellows, your resident spoonfeeder here. We've come so far so I won't force you to put anything together this time, I'm just going to give it up:
In May (previously in anticipation of the smartcontract summit) the public, decentralized Chainlink network will begin to merge with the private, permissioned smartcontract network. This will allow the private network access to inexpensive contract execution through arbitrum/chainlink nodes and will also allow them access to always on/always reliable pricing data that is needed to make those smart contracts dynamic.
Know how there have always been hints of "decentralizing" the network with good initial launch volume? That's what's going to be in the cards from May forward. Specifically every node will have a baseline contract volume by simply being a contract executor plus whatever additional value they bring by supplying price feeds and API access.
Obviously it will be far better to be a bank running a node and getting a juicy fee every time a contract makes a bank payment or checks a balance, but that will be the little secret of SWIFTs members while they roll out the "open banking" banner. The good news is even your NEET nodes will have baseline contract volumes even if you don't supply a single bit of data.
I know you want this to be a singularity. Maybe it will be (if people in the crypto market are smart enough to understand what merging the networks really means) or more likely you'll see a series of sharp upticks as "smart" investors figure it out and feverishly buy in once the first public estimates of contract volumes and node returns hit private groups, then paid media sources then public media.
Either way, from May forward 2020 is going to be the definition of fun. Take the crypto mania of the prior bullrun and add "business" and "commodity" investors joining the party because they'll finally have to swallow their pride...
You (more accurately the smartcontract team) have done the time. The rest of this year is going to be the euphoric rush of doing the crime of actually changing the world for the better by removing negative value intermediaries while at the same time getting criminally, stupidly rich.
Just don't forget who brought you there. The team behind Chainlink is not only the best team in crypto, they're the best team globally in the entirety of business, finance and tech. They took a nascent eclectic tech and made the powers that be understand it and then built a custom solution that not only allowed a high degree of trust and not only allowed the execution volumes needed for a real smart contract economy but also worked with a million backward, archaic legacy systems that couldn't change. If you've ever done anything world-changing hard you'll understand what kind of work this takes. If you haven't, you can't understand but you should swallow your pride and show gratitude for those who did.
user, I’ve got a significant amount. Top 200 in current ethplorer holders. How can a lucky burger dumbass like me Take advantage of node returns early?
What’s a realistic price in the next two years senpai
Jack Reyes
Based user you've been here for a long time spoonfeeding us. Thanks to you and the team for your efforts. If we change the world for the better that's more thanks than anyone could give
I'm pretty sure that I've browsed every thread created by you since 2017. You have not only given me the chance to create wealth but something more valuable than money, you have given me hope. We are all in this together. See you in the yatch party
Isaiah Harris
When do you think staking will be? I’m guessing it’s somewhere near pic related?
Even if you're right, I wish LARPers would leave price action predictions out of it. Literally nobody knows what the price will do in relation to anything.
Daniel Brown
Johnny rims horses
Jose James
He didnt predict any prices desu
Noah Jenkins
Which old spoonfeeder is this?
Parker Young
check the pivotal, earliest im guessing is 9 months, but i seriously doubt steak will come this year user.
25k link holder since 2017
Hudson Sanders
thank you serger
Isaiah Brown
Imagine thinking he's talking about the price singularity, not the normie meme buzzword
Parker Barnes
Im the guy behind a lot of the screenshots that get thrown around here but not an insider by any means. I've been decently good at reading the project's direction thus far. I had suspected this seeing what they were working on publicly code wise. Seeing the arbitrum announcement (the importance of which can't be overstated) and then the rebranding of smartcontract to explicitly be the team that develops chainlink made me confident enough to post this.
If your balls are happy so am i
Honestly it's going to be hard early on without something like linkpool. At the end of the day the SC team knows where their bread is buttered and the public side of the network is really only needed for extreme reliability price data right now. Long term you're going to be in great shape but they would be fools to let this critical part of the network's progress be dependent on anyone other than professional admins who know how to run high uptime stuff and validate for other chains.
Wow. Full disclosure I had no idea about this but it does kind of fall in line. I've never met Ian Keane but I was actually hoping to at the now cancelled smartcontract summit.
Always fun being here
Gonna depend on how crypto investors respond to actually hard bullish fundamentals. Your guess is as good as mine.
Not sure who that is
Glad you were here with me, looking forward to the future as well.
This one I think will be later than you think- remember what we know about staking. The original staking will be only slashing for non return of data or contract execution. This implies allowing non-verified nodes into the network, which will by definition crash the cost per contract execution (which every node will be able to do). I don't see this happening immediately but I could be wrong.
Carter Myers
Some user mentioned staking will be live around 0.9.0 release. Idk if that’s true or not
William Robinson
>removing negative value intermediaries while at the same time getting criminally, stupidly rich. The best part of running a node to help automate financial services is putting Wall Street on unemployment. Feels great, man.
Got any thoughts on unibright? Thinking of either buying unibright, or link. The problem i have is that by buying link i will increase my stack for less than 10%...
David Baker
>Gonna depend on how crypto investors respond to actually hard bullish fundamentals.
So it'll dump to 65 cents. Crypto traders are actual literal brainlets.
Mason Ramirez
Based
No wonder whales bought the bottom during the March Crash.
Robert Hall
That's fine user, you can have me too. You deserve it.
It really doesn't matter who I am, some will recognize me others not. Biz is a place where ideas stand on their own so you should have the exact same high bar and cynicism for this thread as for all others. Feel free to tell me to die drowning in monkey cum for good measure.
This I really don't know about- looking at how the team has worked through various bugs I'd think they could implement staking and slashing specifically for node nonresponse easily. For various data parameters this could be harder, but that won't be the model at launch. I don't think its a matter of coding work, its a matter of when they want to allow any randomness into their launch.
Not Sergey, haven't even really met him but I would like to.
It is an itch I think the whole world will enjoy scratching.
Scratch scratch scratch
I didn't buy UBT for the same reason I sold my quantstamp- I don't see decentralization as core to it's value case and I can see their manual processes competing with their network effect. This one I'm honestly not sure about either because some of the big dogs seem pretty enamored with their team/project which makes me doubt my assessment.
This is possible. Unlikely, but in crypto anything is possible.
