[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 188 KB, 337x911, api3 - first party oracle service.png [View same] [iqdb] [saucenao] [google]
24505308 No.24505308 [Reply] [Original]

Starting market cap of api3 at $2.00 is $40m

Starting market cap of link was $32m

This sale is better than buying link at $0.11.

Because API3 is better than Link.

FDV is irrelevant. Stop quoting shit stats that mean nothing.

First party API data put straight on the blockchain will ALWAYS be better than a paid third party middleman service.

Stop seething and look into it.

I know you're mad.

Just read the fucking whitepaper.

You missed the Link ICO

You missed the AVAX ICO

You missed The Graph ICO

And you're about to miss the API3 ICO.

Don't fucking miss it.

>> No.24505338

>>24505308
>First party API data put straight on the blockchain will ALWAYS be better than a paid third party middleman service.

This part seems dubious. If the goal is decentralization, then why would you want big data to have the records directly editable via "glitches" and such?

We're playing with spookcoins, pretty much, but the other deployment seems a better way of blending in.

>> No.24505345

What can we expect long term?

>> No.24505351

>>24505308
fuck off timo

>> No.24505514

Graph was bargain of the century and many didn't get in. Avax also was very crowded, Link was debatable as the whitepaper sounded but it was very speculative. All of the above had either a steal initial valuation or fair one.

API3 is overvalued from the start, Even at the lowest price on the bonding curve, Not comparable at all. I would revisit it after testnet, Tho i admit i'm not very fond of the idea.

>> No.24505553

>>24505338
Link does not help increase decentralization from the data source. It only increases the level to which you can be confident that the data you got will actually match the source data.

link literally just taking the exact same source data and feeding it into smart contracts.

Why would you want a potentially malicious middleman to do it when you could just have the actual data provider do it themselves and publish the whole api on chain.

API3's approach is objectively better.

>> No.24505605

Anyone know much about the team? I looked at the github and it looks like 3 dudes. One of which doesn't really code, not sure on his input and the other 2 seem somewhat legit. It's clearly one guy working around the clock, but the Twitter only dates back to the mid/start of this year.
It does look quite promising but I like to do a bit of background research on the people involved.

>> No.24505675

>>24505308
I hope you can answer this question as I’ve posed it to multiple api3 shills with absolutely zero response. Why would an api provider use api3’s AWS serverless function code when they could rollout a chainlink node exactly in the same manner (via docker/kubernetes on any cloud provider) and with far more evidence to support its security? It would take 1 blog post with a few copy and paste terminal commands to destroy api3’s entire use case. Chainlink doesn’t exclude first party oracles and actively invites them to come to the blockchain. So what does api3 offer that will bring these companies to Ethereum?

>> No.24505676

>>24505553
>Why would you want a potentially malicious middleman to do it when you could just have the actual data provider do it themselves and publish the whole api on chain.

API3 uses the data provider, meaning whomever is servicing the 5g plan, not the service shipping the product, in the case of a truck shipping good or something similar. I sure as HELL would not want my data subjugated to the checks and balances of ATT, but what matters is who gets backed for the contract.

Way I see it, globohomo is backing both of these options and is planning to pull the floor out from one or the other.

>> No.24505704

>>24505308
The marketcap is far too high. I'll wait until it collapses under 10 million where it belongs. They're a white paper project, they don't deserve 40 million mc

>> No.24505801
File: 492 KB, 1080x2220, Screenshot_20201130-013315_Chrome.jpg [View same] [iqdb] [saucenao] [google]
24505801

You're all faggots. Lol.

Invest in something pic related - your dollars will be safer

>> No.24505815

>>24505553
You’re saying it’s more sensible that every single api provider deploys its own node to service any random contract on chain, even if they don’t want to offer apis to blockchain consumers, instead of dedicated node operators who can add new apis to endpoints as demand grows? What makes you think that the api providers are dissatisfied by the state of current node operations, are they not being paid by 5 different node operators for authenticated access just to serve ONE consumer? How the fuck is that a downside for them? And they should adopt the costs and liability of offering guaranteed inputs to contracts that might influence millions? The next rug pull could be the next lawsuit coming their way. And on top of all that some failed chainlink node operators are gonna be the ones who provide them this service? Are you malicious or just retarded, maybe that’s a better question for you to reflect.

>> No.24505846
File: 2.97 MB, 4032x3024, 20201123_134632.jpg [View same] [iqdb] [saucenao] [google]
24505846

>>24505815
I'm literally too retarded to know what you mean.

But damn, you're more than likely right about link being solid enough not to lose market dominance

>> No.24505875 [DELETED] 
File: 1.60 MB, 2554x1446, 4.png [View same] [iqdb] [saucenao] [google]
24505875

Have you heard about duckdao.io?

Wanna take part in their Hunters season but still hesitating decide is it good or not.
Please, take a look and give me advice

>> No.24505962

>>24505675
Read the whitepaper buddy.
Why would you go through the troubles of setting all of that up and also get involved with cryptocurrencies in the process.

Data providers have the option so simply be paid in fiat currencies. No reason to get involved with this in any way.

And if these API providers realize they make more money by only feeding the data themselves, where do the middleman get their fucking data from huh?

>> No.24506002

>>24505846
Basically the reason why chainlink doesn’t shill the same product as api3 is because it’s a horribly insecure idea and doesn’t reduce trust at all, if anything it increases reliance on the trust in centralized institutions to not fuck you over for personal profit (because corporations would never do that). Another thing to consider is that smart contract developers are actively working on decentralizing every single aspect of blockchain technology, and it shows a complete lack of understanding of the market from api3. Why would a smart contract developer pay for a half-assed cloud oracle when there are actual proven secure alternatives? Have they been paying attention at all to the oracle hacks? Even Coinbase itself, a first party oracle, caused massive liquidations on compound because of not having robust market pricing data. Oh yeah, this doesn’t even come close to covering the extended functionality of chainlink that is utterly impossible under the api3 framework.

>> No.24506036
File: 33 KB, 511x671, 1544457598248.jpg [View same] [iqdb] [saucenao] [google]
24506036

>>24505308
>PNK on the chart
When your coin is being used as a "strong example" for the shill of a completely different coin, you know you're holding gold
Holding PNK has never been this comfy

>> No.24506061

>>24505962
I read it. Have you not seen that chainlink already has usd offchain payments adapters? When you look at how things are in the current moment, you might think it’s fundamentally broken, but that’s only if you’re too retarded to realize that things are the way they are by choice and are temporary as the network grows in both demand and level of enterprise adoption. You might have seen that the enterprise folks at smartcon were foaming at the mouth at the idea of getting their data to blockchain through chainlink.

>> No.24506098

Do you think it will dump hard after the product launch?

when is the end of presale?

>> No.24506151

>>24506002
This is what I was getting at, you just seem to understand the tech a little better, that or my wording is ass.

>> No.24506172

>>24505308
>>24505338
>>24505553
>start thread
>samefag with fake concern
>disappear after predetermined rebuttal

>>24506151
Kek well your intuition is good at least. Common sense is rare

>> No.24506190

>>24506036
They're just editing a shill pic made by a pnkjeet though and don't know any better

>> No.24506196

>>24505308
>API3 is better than LINK
Even if that was true, it doesn't matter because if BTC has taught us anything, it's that better does not mean more value.

>> No.24506266

>>24505801
You will never be a woman.
Keep eating your estrogen pills

>> No.24506297

Imagine having an ico that doesn’t sell out within an hour

>> No.24506345

>>24505308
> Because API3 is better than Link.
You need to keep up with current affairs.
And if you want to be taken seriously then avoid idiotic statements like this.

>> No.24507234

>tfw decided to wait another day to buy yesterday
>can't buy now because don't have my trezor with me
At least I'm still early

>> No.24507368

Tumbleweeds

>> No.24507486
File: 131 KB, 728x1035, not everyone is meant to make it.jpg [View same] [iqdb] [saucenao] [google]
24507486

>>24505308
>>1.1m LEFT
1.1m LEFT
>1.1m LEFT
1.1m LEFT
>1.1m LEFT
1.1m LEFT
>1.1m LEFT
1.1m LEFT
>1.1m LEFT
1.1m LEFT
>1.1m LEFT
1.1m LEFT
>1.1m LEFT
1.1m LEFT

>> No.24507554

muh chainlink killer... bullish for link

>> No.24507996

>>24506002
I think there’s a general misunderstanding about API regarding first party oracles. Their data feeds (dAPIs) are constructed from multiple first party oracles, not just one.

>> No.24508013

>>24507996
*API3

>> No.24508158

>>24507996

Which first party oracles do they use?
The ability to use third-party data greatly increases the scope of the data you can provide in a decentralized manner. For example, even something like an ETH/USD feed, for API3 to have aggregation in a decentralized manner they’d need to partner with 6-7 first party data providers who offer that feed. This becomes incredibly hard to scale and offer unique datasets - so which data providers are onboard?