Quote: (12-20-2017 10:36 AM)Malone Wrote:
Quote: (12-20-2017 02:59 AM)burneremail82@gmail.com Wrote:
https://medium.com/@sergeynazarov/chainl...1513733478
The CEO announced release of the network in Q1. They've hired Golang devs and marketers. I now believe this is a guaranteed moon and you probably won't have to wait more than 6 months to see it.
Full disclosure: I'm a big believer and holder of it.
I read that and it's pretty fluffy. Why so bullish?
They are working with big names and have their main-net out in Q1 of next year. Provided anyone can buy and wait that long it's almost guaranteed to take off based on token economics alone.
Right now blockchain is missing a good oracle (read: middleware that transfers real world data into a smart contract to make smart contracts actually useful in any given system), and chainlink are providing that and more, the oracle system is also decentralized and offers more security than other oracle offerings so far in blockchain.
Disregarding big partnerships that will become a real thing once the network is live the token is used:
1) To run nodes on the network, it is 1 out of a few metrics used to rank your node.
2) To pay node operators to use their node to run data through it.
Node operators want to hoard link for better metrics to get better ranked nodes so they are used more / paid more. The more Link you have the higher the ranked node, or the more nodes you can run = you gain more link. Then the other side is simply either keep hoarding more link (reduces circulating supply) or sell it to either people who want more link for their nodes or people who need it to pay operators to use the nodes.
So there are good incentives to knock the price up. Running a node should be easy, I have been playing with the idea of doing so using my stack, for hardware you can use a VPS like AWS or Linode or maybe even cluster a couple of Raspberry Pis (depends on the hardware requirements, maybe only one Pi is needed, we dont know yet).