@BaldKnower i lent my friend 15k in BTC
(Solana was at 200 bucks and i sent him 14 BTC)
He's trying to square up with me and send me 14 BTC today, but 14 BTC is now worth ~900k
am i wrong here that he owes 15k not 14 BTC?
@TheLinkPanda Hi Panda, do we know what percentage of fees are converted to LINK during reserve purchase? What if LINK price grow does the LINK token purchase be reduced ?
@JoyceSchneider1 Stacking is such a huge part of crypto narrative which is traditionally used. I see banks hating this idea. I personally love the idea of yield on balances and I wish banks can adopt this in their workflow
@TheLinkPanda I am absolutely sold on LINK and i genuinely agree on the word “plumbing”
Now at this point i am only seeing what all markets may use LINK oracle services, like repo markets (may be PoR)
NAV calculation and many other things.
@TheLinkPanda True, but I also feel that at the end of the day institutions do care about money and their risk association. Canton does provide that privacy layer which looks good.
@TheLinkPanda I appreciate you reading and responding back. I have never been super active on talking about LINK. I see the world changing and I want to learn more
@TheLinkPanda In the case of DTCC I don’t see any other option than LINK. It’s best and most secure. So DTCC may use chainlink oracle services. Especially since data of DTCC should be public.
@TheLinkPanda Sorry, I was reading about these private institutions using canton. So in their domain there will be validators and participants. Since it’s a closed system that won’t be visible to public I don’t see a need for DON. They can have their small validator for data streams etc
@AdamLinkSmith@Rocker_ee I don’t think they have 8T in RWA “yet”. The institutions that they are working with manage 8T in trade in traditional market and canton is working on bringing them on chain. Huge potential and very exciting times.
@TheLinkPanda Hi Panda, what do you think of this scenario. Where a closed group institution wanting data feed. Insititution would use canton and they can write their oracles to just get the data from their trusted source and not use DON since it’s a closed group.