The Bull Case for $LINK (Chainlink)

Chainlink’s community is anything but weak. Today we brought on two of Chainlink’s most prominent community members, ChainLinkGod, a Chainlink Community Ambassador and FishyCatfish, a miner, investor, and all around crypto enthusiast. The two of them are here to give us the bull case for $LINK.
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TIMESTAMPS
0:00 Intro
7:00 What is Chainlink?
8:32 Ultimate Vision of Blockchains
10:19 Why We Need Chainlink
16:15 $LINK Genesis Story
25:41 Role of $LINK
30:12 Chainlink Validating & Value Prop
35:02 Bonds & Yield
39:30 Chainlink Service Fees
44:53 Fee Price Discovery
50:42 Decentralized Computing Marketplace
54:39 Chainlink’s Unique Value
1:02:05 Composabilty & Scope of Fees
1:08:00 $LINK the Capital Asset
1:11:00 Chainlink Yield Hooks
1:12:10 Collateral Equilibrium
1:13:07 Tokenization of RWAs
1:20:24 Numbers to Focus On
1:25:25 David’s Bull Case For Chainlink
1:26:27 Chainlink’s Next 3 Big Bets
1:31:38 Get Further $LINK-pilled
1:33:00 Closing & Disclaimers
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RESOURCES
Sergey’s Bankless Episode
• Sergey Nazarov on Chai...
ChainlinkLinkGod
/ chainlinkgod
Fishy Catfish
/ catfishfishy
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Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

[@Bankless]

Want early access to episodes and a fully ad-free experience? Sign up to become a Bankless Citizen bankless.cc/GoAdFree

[@007wong007]

These 2 guys really know what they are talking about , rock solid content!

[@geoms6263]

this is not financial advice ,only for entertainment😀

[@rivianado8430]

We want to be the financial system for the entire world which means we need inputs and data about real world assets. This is the way. 🦆🦆🦆🦆🦆

[@Angel-if1mo]

chainlink it's symple mind-blowing

[@nicholasliappas4359]

Great pod, thank you for having CLG and Fishy on, two of the most knowledgeable marines out there.

[@peterRobinson10101]

makes sense.

[@BillabongMonkeyplays]

This is the breakdown of LINK I've been looking for. Thank you

[@krisdavant5813]

This was very good. Smart guys. I would have love a more simple explanation of certain concepts. I didn’t realise link had sooooo much to it

[@GypsyKingGG]

Fantastic episode, this interview coupled with the Sergey episode have been your best yet

[@FullTraderAlchemist]

They still don’t understand chainlink because if they did, they would of been a marine long ago

[@peterRobinson10101]

makes sense.

[@hall0ween138]

Fishy was in at ICO

[@cryptolyst]

Coming from someone not knowing basic grammar (would have)

[@peterRobinson10101]

@@cryptolystGrammar is not part of the Marine recruitment process. Owning Linkies... remaining stinky... and DRNS mentality are the important factors. As well as a taste for burgers and HR roasties is looked apon positively. Carry on Marines.

[@FullTraderAlchemist]

@@cryptolyst 21,000 link allows me to not know basic grammar. Stay blessed 🤍

[@KJN311]

JP Morgan Liink is the future

[@jarlaxle6591]

Great Pod. We have been needing a good LINK token breakdown for a hot minute. Appreciate ya

[@yoyoitsme]

shoutout to my friend johnny for shilling link. wouldn't have bought it otherwise.

[@thedrj2009]

How many you got

[@yoyoitsme]

@@thedrj2009 never enough

[@amandaburleson2035]

@@thedrj2009 i got 10,000 which is the make it stack. havent bought any more since 2018. thankfully imagine buying that trash withing the last 3 years and losing 95% LMAOO

[@futureforward3153]

he definitely buys right after recording the disclosure

[@Fabsrab]

you know these guys are good when you lose track after 5 seconds

[@statatata2434]

:D

[@longuzi]

Great quality content! Thank you for making this happen.

[@krtrvi]

Amazing interview. Defo one of the best interview by bankless in the recent times is SN and This episode ❤

[@cliffwong7879]

The key thing is Tokenisation of all digital assets! That is the future of Chainlink and the only chain that can do it!

[@igorbozanic740]

Chainlink is all all is chainlink

[@Nasaass164]

Hello, I have a question. First of all what a great great great explanation. So in conclusion should I buy Chain link? Any recommendation please?

[@Akasha739]

Very interesting Podcast. Thx for that

[@Justin-ix2vw]

QUADRILLIONS

[@5kribbles]

I dont understand. If I create poopcoin on some blockchain. How does CCIP move that poopcoin to another blockchain that doesnt have poopcoin?

[@sgtOOX]

DANGEROUSLY BASED

[@polish2x91]

Chainlink God is a great pull.. well done boys

[@SkarneZ]

Excellent podcast thanks!

[@christophehkg6056]

Had to watch in slow mo :)!

[@Web3World]

Nice chat

[@jaystewart4823]

Chainlink🔥

[@st33Npuist]

18:00 makes Sergey more Satoshi

[@peterjones3445]

Thanks for that. Did'nt understand any of it but thanks anyway

[@Usureboutthat216]

Looks like the $LINK is the only token needed

[@r0br3nkum]

LINK Marine since 2020

[@Monstroo]

CLG!!!!

[@udionarchy]

You guys rock 🤟

[@RedPillVegan]

CLG is a good follow

[@ramessu7976]

The sad part it’s not eth but link since link can be on multiple chains

[@Kozal85]

When David says, “Chainlink’s platform approach rhymes with his Ethereum thesis - 1 Chain 2 rule dem all”, does he not realize Fishy and CLG just invalidated that thesis by outlining the value prop of CCIP combined with data feeds?

[@renatopereira144]

Proud chainlink investor❤

[@geoms6263]

speculator

[@ronstalzer7669]

whos shane link?

[@DonteeWeaver]

👀

[@user-yl7kl7sl1g]

Please cover CBDCs.

[@Justin-ix2vw]

🐸🚀

[@stanislav5262]

Hoola loola malula = chainlink 😂

[@1521joe]

Link price prediction please

[@LG0324]

$1000 eoy

[@T1M3ATK]

By when?

[@ay-ay-non]

$1000000000

[@faustzxc]

Mortgaging my house right now.

[@1521joe]

@@T1M3ATK peak of bull Market

[@wdwdHenry9022]

fishy is that assimilation juice ur drinkin ?

[@markarend8226]

Can you make a Episode: Chainlink for a 5 year old dummie please,thx!

[@youlovechika]

🐸

[@yuanliu7545]

it looks like bankless becomes a shilling station. lol.

[@carlosvalenciah8306]

It's always been a shilling station, like 99.9% crypto influences out there.

[@kemargrant]

Always has been

[@muhammad72673]

Not making up to a million before retirement is unfulfilled retirement.!! I'm 54 and my wife is 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer blaming FED for our misfortunes. Saving and investing lifestyle in the crypto and forex market made it possible for us this early. even now, we earn weekly

[@mikaelrutherford1507]

The crypto market has been unfavorable for months and I keep losing my money selling off during dips, I'm very scared of holding right now. How do you guys still make so much

[@BizzyDrizzy]

Listen, I have 5.000 LINK tokens and I just need someone to tell me I’ll be a millionaire just to feel good. Thanks

[@kemargrant]

Just lol

[@Rawsavon]

>David: (I'm tired of the criticism) I'm telling everyone I'm only here to present Bull cases! ...why...why on earth would you do this, why would you even want to do this, why would anyone want to consume this??? I like Link - the idea, the tech, the service, and the road map. I own a Link bag. But you are doing a disservice to everyone by adopting this mindset. If I like something or am even interested in it, I want to also know the counterpoints/arguments and pushback. I would even argue that those points are more important to know and understand. This mindset is indicative of the plague facing the world now - where everyone retreats to their own echochambers unwilling to actually listen and acknowledge other points of view.

[@aaronleebennett]

This was a much needed opportunity for two well informed participants to clear up the prevailing information asymmetry on Chainlink; most casts I've seen are misinformed bear cases. All they did was speak facts, it just happens to be ultra bullish. David offered the caveat for balance & invited people to DYOR; and he showed great character by hosting this (by himself) in the first place. Allowing guests to speak (longform) without constant interruption or back & forth is the best thing to come out of new media imo.

[@cryptonative]

Two arguments for why LINK the token has value: 1. Node operators will need to stake LINK. This might work but a competitor service without this requirement and use ETH for staking instead and will be more secure as it not subject to the LINK price volatility. 2. Users can optionally pay with LINK for oracle services. There's no reason a user will buy LINK just to use it to pay if they can just pay with other tokens they already have. A better model would be LINK just be a governance token and services been priced in ETH with dividend sharing for LINK holders.

[@faustzxc]

It would have to be a erc-677 wrapped ETH in order to get the data functionality, doable though. 1:

[@cryptonative]

@@faustzxc You can use a deposit function in the oracle smart contract (after approving the weth) instead of transferAndCall.

[@carlosvalenciah8306]

Better moldel?(for ETH holders maybe) You can already pay for oracle services with any token, and then the token gets swapped for LINK in the background, so the user don't need to hold LINK.

[@trevorredlarczyk5057]

There will be a higher fee when using other crypto for oracle services. Making it cheaper to use link.

[@cryptonative]

@@carlosvalenciah8306 A better model for users. That’s what counts at the end of the day.

[@aqua123670]

Bitcoin Chainlink Ethereum, that's all, everything else will be built on top of those, we don't need anything else. Solana has no place and will go to zero just like FTX

[@hippyhabit1613]

T. Y !

[@glibaudio]

Back to unaccountable shilling. Early in the cycle, even for Bankless.

[@kemargrant]

Masks off

[@skintobinto6613]

nerds

[@dto8525]

QNT is the ultimate key to RWA adoption. No chainlink needed

[@geoms6263]

or ICP 😀

[@rubenperez509]

I’m a new Link Marine 💪🏽👍🏽

[@steverobinson8771]

Oh yeah, and no more anon guests please.

[@Usureboutthat216]

The info provided is valid, whether they’re anon or not is irrelevant

[@T1M3ATK]

They are community members, this is how they are known on Twitter.

[@vansthroughtheage]

Whats ur problem 😂

[@kemargrant]

The shilling level is over 9000

[@steverobinson8771]

The LINK shill episode, just after the episode with Ledger, where you highlighted the breakout of LINK. What better time to add some fuel to the furnace... In general I like your content, but this... please no more.

[@MrAshaw83]

I guess you have other bags you want them to pump .... ? What's the problem ? Link is a big deal and always has been, it's just very complicated so it takes time for people to wake up to it.

[@carlosvalenciah8306]

Worry not, they'll talk about tour bags sooner or later😏😏

[@kemargrant]

Masks off