1/ Why I'm betting on #Chainlink instead of other #cryptocurrencies, reason 1/100: It's the main infrastructure for smart contracts, the data layer. Whats the other main part? A blockchain. Whats the main blockchain platform for smart contracts right now? Ethereum. Will it stay?
2/ I have no idea! Maybe another #blockchain becomes no #1 because #Ethereum won't be able to scale. Maybe PoS won't work. Maybe Solidity is not the fitting language for smart contracts. When I came into the DLT space, my bet was purely on smart contract platforms, mainly ETH.
3/ Now, 3 years later with a ton of knowledge and overview, I stopped betting on a single platform, but rather invest in the data layer of the smart contract systems. I have no idea which platform will be king in 5 or 10 years, but I do know that the leading platform depends on
4/ data and connectivity to/from other blockchain/systems. Data and connectivity from anywhere else other than blockchain. Be it a cloud server, a small fintech from switzerland or your new tesla car. Smart contracts without data and connectivity is like a city without power
5/ or like the internet when it was only intranet. Now, you might say when I choose Chainlink as my investment, it would be the same as when I chose Ethereum. But I see that different. Chainlink is more neutral, more infrastructure and agnostic than Ethereum or any other chain.
6/ it not only serves practically ANY platform, but also can work on/with any type of blockchain who might dethrone Ethereum. As analogy: betting on decentralized oracles, aka data layer aka connectivity layer, is betting on roads. Betting on Ethereum or any other blockchain, is
7/ betting on a car manufacturer. No one knows which brand is gonna be leader. No one knows when and if new tech dethrones the leader within a few years. No one knows who is gonna become the next tesla in DLT space. But I surely know that whoever is the major chain in 10 years,
8/ needs connectivity and external data, and thus, is dependent on decentralized oracles. Chainlink is by far the most mature solution and it will show how and why other onchain and platform dependent solutions are so limited and unvaluable. The universal, open approach wins.
9/ Imagine getting paid by the amount of cars driving on the roads, instead of how much sales your specific car brand generates. I stopped investing in brands, I started investing in resources as data, oil or power is. And I think investing in infrastructure, the base layer
10/ will result in higher profits than if I would invest in a specific 'brand' or dApp. Everything I've learned in the past 3 years about smart contracts and blockchain points me to this decision. Betting on a single platform or tech for only specific players in the space,
11/ greatly reduces chances of winning in my opinion. Anyone who follows me for a while knows my strategy: put everything in one basket and watch that basket closely. Since I've quit my job, I've got a hell lot of time to watch closely. Having a wide view on the whole crypto
12/ and non crypto space, and the understanding on why a public blockchain is so much more valuable than a private one, is hella important here. It literally is the same reason why Chainlink as open, universal approach is the 'real deal' compared to the onchain,
13/ and limited solutions, such as Oraclize for example. If you are in the space since 2017 you probably have heard about them. Who btw seem to have clicked on this. That's why they integrated Chainlink into their product last year.
