$LINK
I did some research into the chainlink reserve:
The revenue number is flat for months due to an important thing every marine misses. It’s not a thermometer of revenue but a thermostat. @chainlink has full discretion of how much revenue is being converted into the reserve
I can share the wallet address and evidence to support this. But it’s purely up to @chainlink to turn that number up or keep it flat. So using that as a proxy for revenue for the protocol is not accurate.
I welcome pushback and other takes and thoughts plz!!?
@bob4punk@CatfishFishy
I was going to dig into this today but I’m super curious to the reason why the reserve buybacks haven’t been growing ($ wise).
Anyone have any papers or insights into how this really works?
@ChainLinkGod@SanNL11@ChainLinkGod
I totally agree with you. I’ve been trying to monitor the thesis and everything looks good. One thing I don’t understand is why the $ in weekly buybacks has been flat for months. Is there any logical explanation for this? Or has is revenue generation been flat?
@sherlock_hodles Why would a increase in money supply crash markets? Where’s the logic? If it’s inflationary or you think fiat will fail. Assets are going to go up until denominated in something else.
@nas49001254 Look into the take rate. Check charts on my profile. Volume up. Take rate low to subsidize network use. Once network effect is achieved then they’ll be able to raise take rate again.
🔥 BULLISH: BlackRock’s CEO Larry Fink says tokenization is inevitable and the future points toward one common blockchain.
What blockchain do you think he is referring to?