First Mover Advantage is a huge benefit for any cryptocurrency, but especially so in the case of ChainLink. This is due to the fact that any decentralised oracle system needs a lot of hardware and IRL adoption to be functional. Any subsequent project that tries to enter the space as a competitor will have to do one of two things. Either; 1) They will have to create a whole new group of node operators, which will be extremely difficult considering everyone with the means and intention to run an oracle node will already be doing so through the ChainLink network. 2) They will have to incentivise node operators to switch from the ChainLink network to their network. This will be equally difficult as the incumbent network will have all of the inertia, adoption and users.
The upshot of this is that it is likely that ChainLink will operate as the unchallenged and premier decentralised oracle service. The bigger it gets, the harder it becomes to challenge it. FMA is particularly useful for ChainLink due to the unique nature of its real life infrastructure. Nothing else (no, not Aeternity) is meaningfully competing with ChainLink for the position of premier decentralised oracle service. With the increased global adoption of smart contracts (which is inevitable, because a trustless system is by definition more efficient than a trusted one), ChainLink is poised to be the global bridge between any legacy business technology and blockchains. It is the most exciting opportunity for spectacular growth and real life use in the cryptocurrency space over a 1-3 year time period. Don't miss out.
>it is likely that ChainLink will operate as the unchallenged and premier decentralised oracle service. indeed. and we early LINK adopters are gonna be fuckin, HELL ASS FUCKIN RICH
Zachary Gray
Meh sergay is a bitch. Will get in the way of success
Dylan Baker
Why can't node operators sell their data to multiple different entities? Also so what will come first the node operators or the people paying for their information? Will businesses that need data set up node operators and if so doesn't that just make it centralized if they're pulling data all from nodes they've created?
I was an uninformed linkie and still am but the more I learn the more dizzying the potential of LINK becomes clear.
Ryan Howard
>1) They will have to create a whole new group of node operators, which will be extremely difficult considering everyone with the means and intention to run an oracle node will already be doing so through the ChainLink network who?
>2) They will have to incentivise node operators to switch from the ChainLink network to their network. or simply hire new node operators using a different solution
>The bigger it gets, the harder it becomes to challenge it. its small
>Don't miss out im hodling btc so while your hodling bags of shitcoons
Jordan Barnes
do your own reserach brainlet
Adrian Myers
yeah your whole 0.11 btc. we're so jealous
Brandon Adams
Feels good to get on this early. Seriously gonna hit like 100 in 2018
Mason Ortiz
fortunately the only people hyping link seem to be here on Veeky Forums, letting the link team continue to improve the product without attracting competitors by the hype
Owen Robinson
Damn, I have the exact same picture in my head of how things will play out, but never said it out loud. I'm assuming By your post that (((they))) must know that too. Fuck, I'm off to binance to fill my bag to the fullest
