/biz/ - Business & Finance

>>13312550
my previous Rodin applies to you

>>13312927
Tier 3 is the same as tier 2, but the node operator going out and finding their own API providers and corner their little slice of the market. I think this is how to really make it in the long term. In order to do this well, you need at least two providers giving the same type of data (in order to ensure that it’s end-to-end secure), multiple nodes on multiple hosting services so you can pitch it as decentralized on the oracle level (again, all about the optics), and you’ll need enough Link backing each node to build rep and handle collateral obligations. I’m guessing that the number necessary to do this well is closer to 60k between three or four nodes.

I really, REALLY don’t understand tier 0, however. If you’re just going to make a pure spec play, buy the derivative asset with the significantly higher upside. Again, compare bitcoin to GBTC during the bull. Throw some bones at the spec play at least.

Anyway, I’m done for the evening. I’ll check in with this trip in a few weeks and see if anyone has had success reaching out to providers.
My PSA still stands, but I’m beginning to realize not everyone can set up their own little API fiefdom. Everyone SHOULD, however, endeavor to move up a tier. Do what you can to make the network function. You don’t understand how barren the ecosystem will be if you don’t.