DTCC is the owner and method of accounting for american stock shares. Retail investors have a relationship with brokerages who have a relationship with clearing houses who have a relationship with the DTCC who is the final accountant for trades and ownership. Basically the stock market is completely centralized in one entity, the DTCC. Obviously operating in this manner where they have 2 levels of middlemen between them and investors is very inefficient, but they do it in order to ensure proper accounting, to make sure physical stock certificates cannot be stolen, destroyed, lost, or counterfeited, and so that they can sanction or seize these assets when required to. The DTCC wants to modernize and use crypto to do it. They're tokenizing their assets (the entire american stock exchange), and those assets and their transactions will be secured by smartcontracts which are secured by chainlink nodes. DTCC will be speaking at smartcon next month.
What this means is that chainlink nodes will earn a percentage off of the daily trade of the entire american stock market. This creates a baseline level of daily jobs and node rewards for chainlink node operators, which means node operation will be profitable. The more jobs the more profitable the network is and the more passive income earned by stakers, as well as creating a daily buying pressure for DTCC clients to buy chainlink off the open market to pay node fees. Which means the number will go up.
^ The Post that Mooned LINK. It has been a pleasure holding with you gentlemen. We won.
lol no, ETH went to 600 billion just trading jpegs, Chainlink will moon well before the actual plumbing of the new financial system actually turns on..
Easton Myers
This. In the mind of Fudders Chainlink is held to this impossibly high standard where the entire legacy system has already been replaced to moon. The reality is we are about one single fart away from running into the top 5.
Anthony Martin
None of this is stated anywhere. Chainlink isn’t even mentioned in the press release.
Jeremiah Wright
Just saying I don’t think the shape of this graph was an accident
Holy fucking cope retard, stop huffing your own farts
Elijah Harris
Big if true
Levi Rodriguez
>he thinks facilitating real value transfer will increase chainlink token price top fucking kek. crypto assets ONLY moon on meme value
Josiah Myers
you're missing the part where eth was hyped to fuck, everyone in crypto was talking about it. for some reason, despite everything chainlink has accomplished, no one talks about it. we don't need link to take over the world to moon, but we do need something to wake people up.
Aiden James
Not a retard. I'm a genius!!! Fuck you!
James Hernandez
the cost line on that graph is underrated and gets me erect
NEW LINK COPE >NEW LINK COPE NEW LINK COPE >NEW LINK COPE
ATTENTION ALL WAGIES. THIS IS THE NEW LINK COPE. >ATTENTION ALL WAGIES. THIS IS THE NEW LINK COPE. ATTENTION ALL WAGIES. THIS IS THE NEW LINK COPE. >ATTENTION ALL WAGIES. THIS IS THE NEW LINK COPE.
Brody Diaz
I can cope longer than you can seethe
Juan Robinson
pretty based. regardless of what eth do the dtcc has already covered gas costs for every public layer one chainlink are on meaning they are probably the best project out there in crypto by profits alone and this is without the tokenomics fully released yet and the use cases for LINK will only keep growing with adoption. I guess this is why costs peaked last year on sergey's exponential chart
Xavier Gutierrez
>2027 had link a 81k per token >2027 >46 years old
David Barnes
Half Link Half GME here. Either GME blows up the DTCC or LINK becomes the new DTCC. Cant lose
