/biz/ - Business & Finance

>There is no version of trustlesness where we are between the API provider and the node operator (barring TEEs, which we won’t depend on arriving in time). This would also mean that EaaS is going to stop becoming the norm in the long term (we have detected cases where EaaS is absolutely needed, but these are a minority). Jonny's recently announcement of an external adapter framework was timely, as that may turn out to be one of the ways that we would distribute the external adapters for our APIs to our clients.

>So how can we both not be in between the API provider and the node operator, yet still charge per-call? Simply speaking, the API provider should be able to check if the node operator has paid us for the call over the blockchain. We are in talks with an API provider that is working on an in-house solution that they use to charge their users over the blockchain (though their use-case is not related to Chainlink in any way -- not yet, anyway). Obviously, it would be unthinkable for most API providers to be able to do that.

>Our consultancy aspect comes into play in here. Leveraging our market dominance and reputation as the lead API marketplace for oracles, we will offer to integrate our solution for the API providers for them to be able to offer their services in a completely decentralized and trustless way over our marketplace. Although we expect this model to coexist with EaaS initially, it is inevitable for it to become the default way for API providers to sell data to node operators.

>I won’t go into much detail here, as this post got long enough (expect a medium article), but the model we are aiming for has very exciting implications such as tokenizing API calls, running a DEX for API call tokens and even a futures market. Since we are going to be providing the infrastructure (the solution we’ve described above) and will already have solid business connections with the APIs, it would only make sense for CLC Group to provide these services.

>In summary, we have a plan to become decentralized and we can’t wait for it, as it is going to unleash a whole new set of business opportunities for us. We have a lot to tell about, but we will release them in pieces to avoid information overload. We are in no rush, as we have 2.5 months ahead of us to make sure that the extent of our operations is understood.

>We are all familiar with the saying "data is the new oil". We are moving to an era where even the major enterprises are going to be worth exactly as much as the data they own. In fact, this is already the case with the API providers. Just as Chainlink is worth the sum of its traffic, an API is worth the sum of its call traffic. By tokenizing the API calls, in a sense, the API providers will be able to offer a stake in their total data (which is almost equivalent to company ownership). For example, if you think the video game industry (and related smart contract use-cases) is going to keep growing, you can buy tokenized calls from the Steam API, then sell them at a later date for a profit. Without tokenization, you would have to come up with your smart contract use-case, implement it, and profit from it. As you can see, tokenization brings about significant efficiency to the market.

>When we look at it from a lower-level, it grants API providers great flexibility in pricing their calls, which they currently do not have. As API providers have little control over demand, they resort to controlling supply to increase their price. For example, the highest profile data providers that we are in talks with have draconian KYC requirements. Personally, I see this selectivity as mostly a tactic to create artificial scarcity. On the other hand, the transparency of supply provided by this approach is very beneficial for the node operator. As a node operator, you don't know if the API you are paying top dollar for is not selling the same data for half the price to others (bigger players) behind your back. You can easily see that under these conditions, the independent node operator would have no chance to compete. Tokenizing the calls is going to enforce a constant market-wide per-call pricing. Then, neither the node operators, nor the API providers are going to have to carry the financial risk of fluctuating supply-demand, but speculators will (for example, by buying Steam API call tokens as in the example above).

>Premium API providers are not in the business of selling any data, they are in the business of selling "secrets". You can tell that by reading the licensing agreement, because they will tell you to not share it. A secret is the kind of data that loses its value exponentially with the number of people that have access to it. Due to this relation, maximizing supply doesn't maximize API profits. Instead, a specific level of scarcity is ideal. Then, it makes sense for the API provider to meet this level of scarcity by having the clients jump through hoops or straight out rejecting them. Tokenization allows the API provider to both demonstrate and control scarcity in a more direct way.

>What's stopping me from employing people to provide their identity so that I can run multiple nodes each with a unique identity but really all under my control, and therefore able to sybil attack?

>That is the most difficult problem with proving Sybil resistance, and I believe we have the solution. I'm currently working on an article about Nodary, all the details will be explained there. Without going into much detail, I can say that it depends on game theory (like everything good about crypto). Honeycomb is cool and all, but Nodary has a special place in my heart. (it would be easier to sybil attack in the very early stage, if CL releases without reputation.) That's why we went for certification as one of our first services.

tl;dr?

>>13387694
CLC's CTO is a genius who is inventing new financial products and solving KYC

>>13387697
Think Blythe, but with stinkier feet

>>13387694
He's essentially claiming they could be solving the sybil problem, and it's not even the half of it

>>13387697
and I should buy more LINK?

>>13387704
Always

I mean the timo fud was fun and all but if there are actual idiots who fell for it unironically and don't realize how essential what they're doing is, they're going to be severely regretting it.

>>13387728
How do kiked burgers get in the token sale. I don't give a shit about clc if I can't directly profit from them.

>>13387728
Nice damage control faggot if you didn't name fag so hard you wouldn't be in this mess

>>13387741
> have a foreign buddy
> they do the kyc for you with your eth address
> literally this easy

>>13387723
and what I need this clc thing for?

>>13387752
>expecting shutin burger linkcels to have foreign buddies
Do I just doctor a foreign passport or what?

>>13387770
Doctors don't need to sign your passport fucktard.

>>13387603
Whatever, Timo
Drink your onions. You single handedly fucked this project up

>>13387763
you don't

>>13387790
Yikes

>>13387795
I don't?

>>13387792
Sorry Jonny, sure your minority node pool will make you some money

>>13387821
Run your own node, weak chin

>>13387747
What do you want them to do, fire timo? Don't you think it crossed their minds? What would you do in their shoes? They're showing loyalty and staying on track. They let him publish the Steam article so his name would be associated with good news. That means they consider timo to be valuable. Precisely because he's a namefag and good at it. You don't send in an autistic neckbeard to negotiate with businesses. I followed the creation of CLC and there were more than 50 people, all with impressive resumes, lining up to offer their services so they had plenty of skilled people to pick from. Now shut the fuck up and give them money.

>>13387859
is this the guy who participatres in pump and dump?

>>13387846
>run your own node
you'd understand more about what the issue is if you really did try to run your own node

>>13387884
Ask your doctor.

Tell us about how you can't reach the soft cap.

why sergey needs clc? why sergey not make it himself if this is so important??

>>13387950
How have you survived this long?

>>13387961
survive what?

>>13387964
crayons, light sockets, cars, bathtubs.

>>13387971
why would any of this be a problem?

>>13387950
can anyone asnwer this?

>>13388001
irrc the team did speak to chainlink and was told that the same thing would be made if no one in the community goes for it

>>13388038
proof?

Let me repost this in case it went unnoticed in the tldr

>the model we are aiming for has very exciting implications such as tokenizing API calls, running a DEX for API call tokens and even a futures market. Since we are going to be providing the infrastructure (the solution we’ve described above) and will already have solid business connections with the APIs, it would only make sense for CLC Group to provide these services.

>>13387950
>why sergey not make it himself
Why Sergey not make everything? Same answer why others not make Chainlink already. They're the first.

They already have competition coming up btw.
https://bedataready.io/

>>13387603
>>13387614
>>13387628
>>13387633
>>13387681
>>13387688
>>13387703
>>13387728
>>13387859
This project doesn't do anything special, after mainnet/nodes there will be tons of competitors popping up,
I really feel sorry that Timo is such a faggot and ruined this shit.

Everyone, I'm not saying this is a scam.
I am saying this project doesn't deserve our money.

>>13388042
could be wrong, ask him in discord

>>13388076
is that a scam? why only 2 guys in their team and clc needs 20?

>Why Sergey not make everything?
Sergey makes everything needed to get chainlink going
anything like clc he never mentioned anywhere

>>13388086
so there is no proofs?
not a screenshot or anything?
I never heard sergey talk about any of this so how I know its real and not moneygrab/scam?

>>13387973
because you're clinically retarded

>>13388098
but I'm not
are clc people now attacking me because I exposed the scam and ask difficult questions?

>>13388083
>there will be tons of competitors popping up
Tons of competitors for chainlink, or linkpool too. But what is first mover advantage? And what is a strong ecosystem?

>>13388096
Sergey doesn't cater to neet nodes. Read through the lines of all the info posted, data providers will be running their own nodes at launch. Getting them on board is Sergey's priority. Then, it'll trickle down to neets.

Thomas and Jonny have reviewed their whitepaper.

>>13388115
No, it’s really just because you’re retarded.

PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN PRICED IN

>>13388096
you are right it's a scam
-over inflated team with no official recognition from the chainlink team
-annoying pajeet shills
-BTFO by bridge

just run your own node when mainnet comes, there will be tutorials

>>13388133
>Sergey doesn't cater to neet nodes
why would neets run nodes?
there is hundreds of teams that will do we only have to sell and make it when it is 1000 dollar per token

>Thomas and Jonny have reviewed their whitepaper.
but not sergey?
and where is proof that they reviewed it? it could be empty claim made to trick investors

>>13388136
no u

>>13388159
I'm not sure if its a scam but I seen no proof of sergey saying that this is needed
also no proof that sergey and chainlink reviewed anything from clc
and their shills post wall of text full of technobabble

Daily reminder Timo means scam in spanish

>>13388133
lose some weight, you fat ugly fucker

>>13388183
holy crap this is true
I checked

>>13388179
you are right, nothing comes out of Timo can be good anyway

just hold link you can't go wrong with it

>>13388208
I will not sell my link for such risky things as clc. I hope it is not a scam because dont want chainlink to be associated with scams.

and now I wonder
>https://bedataready.io/
how come these guys don't demand millions of dollars and are a 2 man team?

Anyone who falls for the Timo fud deserves to miss this. “Business developer” is a useless position, he’s a recognizable name on the roster. Based Burak has my attention and I hope he writes more on this

>>13388247
the fud isnt made up and he will dump on his investors
lots of people like this out there

>>13388187
When's the last time you checked your ass for cracks?

>>13388183
hahahaha WASA WASA WASA

>>13387603
imagine listening to someone that looks like this pink faced faggot

>>13388227
like I said I agree that it is a scam, just hold your link tokens

yet you keep going on and on
>17 posts by this ID
lmao every clc thread has that one or two faggots with 10-15+ replies being purposefully dense and insufferable

Didn't want to jump to conclusions but now I believe there's a good chance you're a competitor of clc or just an obnoxious person

thread tldr: burak has a strong vision of where the space would move toward and is worth investing into. Read statueanon and burak's pasta regardless if you intend to buy clc shares

start to treat node operation as a full fledged business or just buy LP shares

LP NaaS is a good option if you're not technical enough to set up your own nodes but would like to choose which APIs to serve yourself

>>13388344
I'm interested in chainlink and everything about it is it forbidden to make more than 2 posts and ask questions?
>or just an obnoxious person
but why I am obnoxious? I just ask normal questions because want to find out if it is scam or not.

>just hold your link tokens
y-you too

Bump

Thread tldr: clc token raise is bullshit, if you believe in smartcontracts put your money in link. Not an overweight lesbian who's name literally says scam in Spanish.
These threads are started by the faggots because everyone has baulked on their cash grab and now they are seething. If your a brainlet invest in clc.

>>13388450
crayons live in fear of the day you find out how to open the box.

>>13387950
Kek it's the "why Microsoft no make chainlink" fud, but one layer down

>>13387790
holy shit

>>13387859
Nah I’m going to add to my 355k link stack. Thomas/linkpool for nodes works just fine. I don’t need CLCGQABV

>>13389264
And how will you get valuable expensive APIs?

>>13389116
sergey never said it is needed or important in no presentation of the last 2 years he said that something like clc is needed
how is this fud and not fact?

>>13389315
have you read what burak has said? the statueanon pasta?

all you get from all that is 'sergey has never said it is needed or important'?

>>13389423
Our Lord and Savior, Sergey of Nazarov, said everything he wanted us to know in his Whitepaper, heathen.

>>13388344
telling it like it is

>>13389441
>have you read what burak has said? the statueanon pasta?
yes I read it all now

>all you get from all that is 'sergey has never said it is needed or important'?
but sergey never said it is needed. this is a fact he never mentioned any of that in his presentations and I have seen all of them
if it is so important then why didn't sergey raise more money in the ICO (clc values at 24 million? and just Link at 32 million)?
if it is so important why he never talk about it?
if it is so important why has nobody else addressed this earlier?

I only trust sergey and chainlink and his whitepaper and they never talk about any of this

>>13389595
perhaps you're right, the team has never communicated with chainlink and thus it's an unncessary project

however:
>24million
2000ETH soft cap, 4000ETH hard cap. Remainder gets distributed. If soft cap isn't reached then clc pursues VC funding or postpones the project.

That's a valuation of 3-6.5million

>>13389595
cool you could have just said that instead of shitting up the thread for four hours

fuck off

>>13389676
almost 7 million for something unnecessary while others do it for free.
why are they so greedy?

>>13389920
but I did

>>13389950
like if its really worth 7 million dollars why cant they get sergey to say that it is needed and worth that much or even just sergeys blessings?
maybe its not just scam but more like these greedy people trying to rip us off?

>>13389988
yes you are right it's a scam

>22 posts by this id
make sure to get 4chan pass btw, see you in the next clc thread

Do the needful, buy clc sirs. Burak is unironically Satoj.

Reminder

Bridges.
>Sergey told Jonny to destroy CLC.

>>13389999
I like solving captchas

>>13390147
now thats greedy

>>13390157
Good luck negotiating a per call price with an API provider on an individual basis.

>>13390157
clc will use bridges for adapter work. Burak's post makes it evident that there is much more unexplored possibilities beyond an API marketplace

I understand the need to keep buyers to a minimum for the 100% distribution like LP but at this rate we wouldn't even reach a soft cap fucking retards

>>13387603
Who dis edgy school shooter?

>>13387603
In my pajeet tier country.

Burak means shit mixed in wet soil