the end case of what on-chain finance will ultimately look like where it will be a hybrid

of both on-chain executing code as well as these off-chain collateralized assets or natively

issued on-chain assets like tokenized bonds moving through the system using chain-like price data,

using chain-like proofers or using identity data like all these useful data inputs is ultimately

the economy that we're trying to create and a lot of that will end up settling on Ethereum itself

as like this neutral meeting ground between different distrusting counter parties where each

counterparty has their own chain but they want some subtle ground to execute their contracts

upon so like this is a bull case for the whole industry it's growing the pie for everybody

effectively is really what what chain links trying to build towards.

Bangladesh Nation, welcome to the bull case for Chainlink. A few weeks ago we hosted a long

awaited interview of Sergei Nazarov, the founder of Chainlink. We got the pitch for why Chainlink,

what it does, what it wants to do, and what economic activity it potentially unlocks for

the on-chain world. If you haven't listened to that episode yet and you're going down the

Chainlink rabbit hole, I definitely recommend listening to that episode. This episode you're

currently listening to is what I feel is the second half of that first conversation with Sergei.

During our episode with Sergei we stayed pretty high level about Chainlink and what it is and

what an Oracle network is. We never really got the chance to talk about the link token specifically.

Chainlink is understood to me now but the role and function and the upside of the link token

specifically inside of the Chainlink system was a stone we left unturned in that episode with

Sergei. In this episode we attempt to turn over that stone. What is the link token? How does it fit

inside the Chainlink system? How does it capture value? Who is going to pay fees to Chainlink and

why and how do those fees become reflected in the link token? Sergei said that Chainlink wants to

...