@CatfishFishy@Xmarine777 But doesn’t payment abstraction already take off chain usage fees and turn them into link? Doesn’t that off chain revenue need to be converted to link in order to pay the node operators?
I thought the reserve was just for what’s left over.
@SMB_Attorney I knew I had to get out when the senior partner was there til 4am with us associates. Some people saw it as a good thing, I.e “teamwork” but my only thought was “this never ends”
@Xmarine777 I agree with all that but the lack of comments or retweets from the Chainlink side still seems odd. It’s pretty big news and I would have thought accounts like @ChainLinkGod or @CatfishFishy would have been posting about it.
My understanding is this:
- onchain revenue obviously accrues to the token
- off chain revenue for integration goes to CLL opex, but these are one time set up costs
- off chain revenue for usage (I.e. partners who are paying usage costs in fiat) gets converted to LINK and is used to pay nodes and stakers, the leftover goes to the reserve.
This all comes from Chainlink documents and videos.
Usage fees are what will really drive the price of the token but that wont happen until usage scales. But usage should scale considering the level of integration that is occurring.
The big question though is why isnt the token reflecting this already?
@TedPillows@nikitabier Integrating an AI content detection feature isn't just good policy - it's good business. The companies who do so will distance themselves from the pack.
...that's my handwritten AI slop.