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Something I’ve become obsessed with recently that I don’t hear a lot of noise about is the activity around the #Chainlink dev address:
0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db
We say Sergey betray, but has anyone calculated how much actually hits the exchanges? Its not much!
0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db
We say Sergey betray, but has anyone calculated how much actually hits the exchanges? Its not much!
I have a theory that this wallet may directly predict the latest date at which staking will be released. It appears most of the tokens distributed are going to node operators as subsidies for the high gas fees they have had to pay to keep the network running flawlessly.
Once this address has been depleted in 11 weeks, I believe that shortly before or at the same time a couple things will have occurred:
1) Arbitrum will ship their L2 product
2) TS, OCR will be operational and proven
Both of these will reduce the cost for node operators.
1) Arbitrum will ship their L2 product
2) TS, OCR will be operational and proven
Both of these will reduce the cost for node operators.
Then subsidies to node operators will be ended because node profitability will be greatly improved. Whitepaper version 2 then is released which announces staking and provides for a new distribution method / priority for the remaining dev wallets.
The staking announcement drives the price up significantly which benefits the node operators who have been accumulating massive supplies of #Link thus taking care of key players in the ecosystem and increasing the value.
This is also important because as price rises less tokens are required to secure larger transactions as we move onward from securing the tip of the iceberg in DeFi.
Curious to hear other marines thoughts on this wild theory. Either way we are going to make it!
Curious to hear other marines thoughts on this wild theory. Either way we are going to make it!
