/biz/ - Business & Finance

>>23135428
>While everyone is playing within the illusory rules and constraints of the oracle problem
shameful display Burak

the oracle problem = the measurement problem

>>23135428
>Failed CLG/Honeycomb (now API3)
I guess they were mad that they weren't included in the team meetings and discussions

they were also absent from smartcon
their public ICO was a failure
linkpool is going to do what they intended to do and they are now trying to undercut chainlink and have nothing but criticism for the project

https://www.clcg.io/

>>23135428
Bump

lol nice info

>>23135578
https://api3.org/
https://medium.com/api3

apparently everyone is an expert with 10+ years experience on smart contracts now

https://www.clcg.io/honeycomb/
https://www.clcg.io/whitepaper/
clcg/honeycomb is DOA (dead on arrival) and has been abandoned

>>23135639
they're saying that "decentralized APIs" are the real issue
>It’s one thing to be bothered by a problem, it’s quite another to be able to accurately define it. In our case, once we came up with the solution, we were able to see the original problem with new clarity. Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide. The solution is to use first-party oracles — oracles operated by the API providers themselves.

they are blatantly lying about chainlink, they are already working on providing solutions for third party AND first party oracles:
https://blog.chain.link/easily-sell-your-apis-and-data-to-any-blockchain-via-chainlink/

https://cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator

>>23135750
https://medium.com/api3/the-gordian-knot-called-the-oracle-problem-e9731c55da13
>Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide

LIARS:
https://cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator
>A subsidiary of Deutsche Telekom called T-Systems has become a Chainlink (LINK) node operator
>Although initially T-Systems will be just a node operator, telecom-specific use cases for blockchain tech — such as roaming settlement — are being considered, according to Dudka.
>Gleb Dudka, Analyst at T-Systems MMS told Cointelegraph that the company believes it is responsible for supporting public network infrastructure:
>“You could even say duty as a telecom company to be a public blockchain network infrastructure provider.”

>>23135811
https://blog.chain.link/easily-sell-your-apis-and-data-to-any-blockchain-via-chainlink/

Chainlink overcomes the oracle problem and enables data providers to easily sell their data directly to all blockchains, without committing any additional resources or operating any new infrastructure. In this post, we’ll describe the two methods in which data providers can utilize the Chainlink software and its oracle network to quickly monetize their data for use within all blockchain networks.

1) Sell Using Existing APIs- sell your data to the Chainlink Network in less than an hour without any modifications to your existing business model or backend infrastructure

2) Provide More Reliable Data - sell even more data by launching a node on the Chainlink Network in a few hours, providing you with new data signing capabilities that increase the reliability of your data within automated blockchain-based solutions

>>23135852
https://blog.chain.link/easily-sell-your-apis-and-data-to-any-blockchain-via-chainlink/

Knowing the challenges of introducing new infrastructure to an already established and expansive data/API economy, Chainlink was designed from day one to be fully compatible with existing legacy data and API infrastructure without requiring any back-end modifications or business model overhauls.

KEY TAKEAWAY THAT DIRECTLY REFUTES AP3's SLANDER AGAINST CHAINLINK:
In addition to this approach, we also make it very easy for existing data vendors and API providers to operate their own Chainlink Node (Oracle) as a means of expanding their product offering and selling data directly to smart contracts.

>>23135875
These two highly complementary ways of using Chainlink provide maximum flexibility for existing data vendors and API providers wanting to get blockchain enabled and further monetize their data infrastructure.

1) Use the Existing Chainlink Network to Quickly Start Selling Data

2) Join the Chainlink Network to Sell More Reliable Data

PIC RELATED

now let's contrast it with Burak's statement:
>During our years working on oracles, a dissatisfaction slowly brewed at the back of our minds. This oracle technology that was supposed to remove the middlemen, in fact, only supplanted them with other middlemen. The API services available on the blockchain were being served by third-party oracle node operators, who were in turn being hand-picked by a centrally governed authority — the meta-middleman.

>Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide. The solution is to use first-party oracles — oracles operated by the API providers themselves.

such lies

>>23135909
>During our years working on oracles, a dissatisfaction slowly brewed at the back of our minds.
must be the fact that you realized Sergey knows you're greedy scammers and cut you out of the technical discussions
you can taste the saltiness reading their medium posts

this is just the beginning of the chicanery and attempts to attack and take down the chainlink project

>>23135909
>Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide. The solution is to use first-party oracles — oracles operated by the API providers themselves.

which is exactly what chainlink is doing:

https://blog.chain.link/easily-sell-your-apis-and-data-to-any-blockchain-via-chainlink/

Our audited software is very easy to operate and we can help you quickly set it up to start selling origin signed data to smart contracts on every blockchain. By signing your own data with Chainlink Core node software, users have strong guarantees about the origin of the data, allowing systems to rely on it to automate the execution of large value contracts. Without such capabilities, it’s extremely difficult to develop automated business processes at scale or for high value use cases.

>>23136075
I warned Sergey that there would be infiltrators pretending to be team members and working for the interests of the project, but some people are overtaken with greed and envy and decide to sell their loyalty to the highest bidders like mercenaries
we see it all the time
>pic related

they still don't get it:

https://twitter.com/Capitalist1911/status/1310431728620785664?s=20

https://youtu.be/CT7SiRiqK-Q?t=360

The Oracle Problem = The Measurement Problem
https://blog.chain.link/what-is-the-blockchain-oracle-problem/ = https://en.wikipedia.org/wiki/Measurement_problem

>>23135460
>shameful display Burak
>the oracle problem = the measurement problem

by the way I fully expect to be attacked for wading into this crypto war
I knew it was coming

>>23136075
https://daotalk.org/t/api3-frequently-asked-questions/2047
>How does API3 differ from existing oracle solutions?
hint: it doesn't differ
chainlink is already doing what they're claiming chainlink doesn't do

>>23136411
> In contrast, API3 focuses on the API connectivity problem, which is specifically concerned with interfacing Web APIs to smart contract platforms in a decentralized way. This narrowed-down definition of the problem allows API3 to reach a more optimal solution.

>What is a first-party oracle?

>Oracles are commonly used to interface Web APIs to smart contract platforms. If the oracle is operated by the API provider, it is called a first-party oracle. If the oracle is operated by an independent middleman, it is called a third-party oracle. First-party oracles are more secure and cost-efficient compared to third-party oracles due to the lack of a middleman.

debunked by the chainlink blogpost and the t-systems use case (linked earlier in this thread)

>>23136479
it's funny too because I'm in the process of establishing a first party oracle with chainlink related to "smart meter" applications for the electrical grid

>>23136499
API3: dAPIs are composed of first-party oracles operated by API providers
essentially the API provider is also the oracle
but they coin the term (((dAPI))) to mislead and misconstrue and claim that the oracle problem is actually the api problem

WRONG

the oracle problem is the measurement problem (as outlined in quantum physics)

>>23136499
expand on smart meter application/oracle usage?

>>23136737
it's still a work in progress, we're only at the beginning stages of construction, once it's done then I intend on doing a pilot project/experiment and from there we work out the kinks and bugs and move on to scaling it up and monetizing the data and feeding it into smart contract applications
I had the privilege to even have a couple conference calls with the engineering and business development teams of chainlink and they were really responsive and helpful
looking forward to finishing the work next year

API3 / CLCG is ZEUS capital. They talk the same. Burak is also a scammy Bulgarian. Heard it here first

>>23136737
>>23136835
here's a hint though:
https://youtu.be/ptO_Ie75V0A

>>23136851
>API3 / CLCG is ZEUS capital.
nothing would surprise me at this point

>>23136851
>Burak is also a scammy Bulgarian
I thought he was a turk

some people suspect it was Burak who did this post:
>>/biz/thread/14514053

>>23136989
>I thought he was a turk

>>23135428
42 thread. Is this reverse shilling? Is this a wink wink

>>23137072
>>>/biz/thread/14514053
Yeah he's a turk, still a scammer and probably the one behind Zeus imo. No one used Honeycomb. All of their points are flat out lies. This is a money grab since Sergey didn't want to give them any and prefers working with LinkPool and COR and not greedy dickheads >>23135560

>>23137296
>Is this reverse shilling?
I heard rumors about clc group abandoning the project about a month ago
seeing this chicanery with API3 made me create a thread to warn other link marines and to warn the chainlink team themselves

>>23137309
>All of their points are flat out lies
100%

>>23137309
>This is a money grab since Sergey didn't want to give them any and prefers working with LinkPool and COR and not greedy dickheads
based Sergey knows what's good:
https://twitter.com/SergeyNazarov/status/1314347295966543872?s=20

>>23135750
>implying that chainlink post wasn't a direct response to api3

>>23137370
>implying that chainlink post wasn't a direct response to api3
check the dates:

October 1st:
https://blog.chain.link/easily-sell-your-apis-and-data-to-any-blockchain-via-chainlink/

October 8th:
https://medium.com/api3/the-gordian-knot-called-the-oracle-problem-e9731c55da13

furthermore, a first party oracle is being setup:
https://cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator
Dated July 22nd, 2020

>>23137333
Checked. I’m sure the link world class team doesn’t really care of a small startup. Thanks 42. I’ll probably read the wp this weekend for shits and giggles.

>>23135428
hey 42, you're not going to support a fellow balkanese?

>>23137407
check the date on the whitepaper release fren

>>23137451
lol there's another Sasha who has been spamming /biz/ with her nudes
and I'm an equal opportunity discriminator, I know all too well the scams that come out of the balkans

>>23137370
>implying that chainlink post wasn't a direct response to api3

>>23137474
>check the date on the whitepaper release fren
September 2020

>>23137407
>https://cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator
>Dated July 22nd, 2020

I wonder what Timo is doing in all of this, looks like he isn't involved in this new endeavor and is still advocating for chainlink

>>23137443
>I’m sure the link world class team doesn’t really care of a small startup
just another bump in the road
it's a shame though, I always get disappointed in people
Eric was another disappointment

>>23137614
>it's a shame though, I always get disappointed in people
>Eric was another disappointment

>>23137654
why are people so easily bought and paid for?
you give them some money, some trinkets, promises of power and they'll sell the future down the river

>>23137688

>>23137688
just like chainlink pays people to use their price feeds :D

>>23137738
feel free to compete with chainlink as much as you want, it's a free market and competition is great

the way it was done is disingenuous though
you failed in the first place with the public ICO and over-valuing the project
then you go private
then you don't deliver on any products and get passed over for linkpool (didn't Jonny proofread CLC groups whitepaper?)
then you abandon your project after 2-3 years of not delivering and open a new project (API3)

the entire time you haven't been forthright with the community and now come out pretending you've solved the "oracle problem" by labelling it the "api problem"

given the track record, why should anyone trust you?

>>23137738
>just like chainlink pays people to use their price feeds :D
funny enough, it paid off during the sushi/band/CZ attack on the ETH network and uniswap

feel free to find other ways of incentivizing and bootstrapping your protocol that work better than what chainlink is doing

>>23136217
>The Oracle Problem = The Measurement Problem
>https://blog.chain.link/what-is-the-blockchain-oracle-problem/ = https://en.wikipedia.org/wiki/Measurement_problem
https://www.quantum.gov/

is this why Trump retweeted a chainlink twitter account yesterday?

>>23137941
>is this why Trump retweeted a chainlink twitter account yesterday?
https://www.quantum.gov/wp-content/uploads/2020/10/QuantumFrontiers.pdf

>>23137980
https://www.whitehouse.gov/wp-content/uploads/2017/12/Artificial-Intelligence-Quantum-Information-Science-R-D-Summary-August-2020.pdf

https://www.whitehouse.gov/wp-content/uploads/2017/12/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf

>>23137941
>is this why Trump retweeted a chainlink twitter account yesterday?
>>23137980
>https://www.quantum.gov/wp-content/uploads/2020/10/QuantumFrontiers.pdf
>>23138035
>https://www.whitehouse.gov/wp-content/uploads/2017/12/Artificial-Intelligence-Quantum-Information-Science-R-D-Summary-August-2020.pdf
>https://www.whitehouse.gov/wp-content/uploads/2017/12/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf

https://twitter.com/Capitalist1911/status/1310427454381662208?s=20

https://www.quantum.gov/about/

>pic related
is this what they mean by (((q-anon)))?

>>23138129
>is this what they mean by (((q-anon)))?
we're shifting gears from petty crypto disputes into something bigger

>>23137614
Why is this a bump in the road for link Though? Kinda flattered that others Think they can compete with a wp. From my brief understanding api3 is actually trying to catch up to Link and creating their own node setup. Good luck to anyone.

>>23138173
They should have just bought LINK and spun up a few nodes.

>>23138173
>Why is this a bump in the road for link Though?
because CLC group was supposed to work with the chainlink team to be an API provider, but it didn't work out

>>23138129
https://twitter.com/Capitalist1911/status/1310427454381662208?s=20
https://www.quantum.gov/about/
>is this what they mean by (((q-anon)))?

https://youtu.be/ZaYREzYrdNU?t=199
3mins19seconds in I outline how Chainlink is actually a sequel to the manhattan project in a race to build the worlds first quantum network

>>23138239
>I outline how Chainlink is actually a sequel to the manhattan project in a race to build the worlds first quantum network
pic related
all partnered with chainlink

based 42 but can you please not spam retweets so much

>>23138301
>based 42 but can you please not spam retweets so much
twatter fucks with my retweets and likes, sometimes it's out of my control
my past tweets get wiped and then re-instated
twatter fucks with my account openly

>>23136989
That post is bullish af and seems counter to Burak's current position, are you suggesting that he did a 180?

>>23138260
good video on the nature of consciousness and quantum physics:
https://youtu.be/CT7SiRiqK-Q

Penrose (IMO) has the best explanation to the "measurement problem":
https://www.sciencedirect.com/science/article/pii/S1571064513001188
https://youtu.be/GEw0ePZUMHA

Yeah, they’re cutting their losses after realizing that they’ll never be part of ‘’the gang’’.

For having used their service, and participating in their feedback survey, I kinda get what they mean.

They’ve been paying to provide ‘’premium apis’’ access on chain (that no one uses/needs). Premium apis that sergey says are the end goal.

However, as a smart contract developer, using those premium apis fucking sucks. Why? Cause they all provide you data in different formats. What are you supposed to do with that? Pay a shit ton of gas to handle those different input onchain and manually aggregate them. Real hassle.

Anyhow, that’s how I felt working on some projects.

Still. They just realized that they’ll probably make more money in this shitty space by failing at something than by simply running an link node.

>>23138383
>That post is bullish af and seems counter to Burak's current position
not sure if it was him posting there but some people were saying it sounded like Burak
could be wrong

>>23135428
Nodary was always a millions dollars concept. I've been all in LINK since the beginning and let me tell you, no one I've spoken to behind the scenes had a better grasp of the API issue than Burak, he's been 100% focused on the API side of things and even early on you could see he was thinking deeply about new possible solutions. Even when they were still technically affiliated to the Chainlink networ, he was speaking of doing something like this. There are very real issues with the way Chainlink is designed in regards to the API provider side. The CLCG fiasco happened because of Timo but because of this biz completely failed to see the underlying issues and how legit Burak was. "Betraying" LINK like this to run his own competitor only highlights he's an ambitious shark, and not to be underestimated. It's business. The all-in-LINK side of me absolutely hates it but the other side, the one that saw LINK early in the first place, recognizes that this a mind I'd absolutely invest in. I was wondering why they were absent from the recent grants program and that answers that question. This isn't band or some other opportunistic copy. This guy has been an early autist like the rest of us here and has had all this time to design an alternative. Their biz side is a joke though, Burak if you are reading this you deserve better than Heikki.

>>23138416
They did a hackathon a while back and actually got some good dapps like a weather insurance that got first place. It’s a bit sad seeing them leave the club since they did help bring APIs to link. Meh no hard feelings. It’d be nice seeing them get traction, just goes to show what the Link brain child can create. I still have no idea how the fuck they’ll implement it. Guess I’ll read the wp now and give them a hard time over grammar stuff

>>23138416
if that really is the case, it would be helpful to be open about the problems and make an announcement regarding CLC group instead of continuing to double down on shady practices

they can still do their own thing and use chainlink and other oracles without being passive aggressive about it now

would be interesting to know the inside baseball though

>>23138511
>There are very real issues with the way Chainlink is designed in regards to the API provider side. The CLCG fiasco happened because of Timo but because of this biz completely failed to see the underlying issues and how legit Burak was
I was an ICO investor in CLC group before they shut down the public sale
APIs are a fundamental part of the infrastructure

>>23138545
I’m well aware, but those projects were only able to use a single api for their data source. Not quite decentralized is it?

A jury’s choice was simply using the GET adapter to fetch from non-premium sources lol. Might have won if it didn’t invalidate their end-goal of serving premium apis.

Which dave is this? is this Dave Connor, who moderates the Chainlink telegram and was working with CLC?

>>23138431
it came around the same time as that greek statue spammer, who was basically shilling honeycomb, my understanding is that that poster was assumed to be Timo or Burak, I think the association between them was purely because of the temporal proximity, the sybil post sounded more like someone close to sergey desu, considering usage of words and phrases like "marginal value" and "fundamentally, who knows

>>23138666
chekkken-tendies

>>23138644
Uh anon. Wp says it can do aggregation off chain??? Isn’t this ts in theory ?

>>23138653
Kek wait a minute. Actual cL members are leaving Link to start api3? Is this like the PayPal guys leaving to start their own services

>>23138762
>Kek wait a minute. Actual cL members are leaving Link to start api3?
that's what the thread is about
something happened internally that we don't know about
my issue is that API3 isn't being forthright with the community and never made any announcement regarding the abandoning of CLC group/honeycomb
reminds me of how they bungled the ICO back in the day

>>23138787
Meh. He was a jannie so not sure if he was internal like Rory or Thomas clearance. interesting though

>>23138129
>is this what they mean by (((q-anon)))?
I'm beginning to suspect that q-anon is their first experiments with a quantum computer

>>23138727
It’ll be possible yet, but will be. Still, manually aggregating data from various formats is a huge pain in the ass, prone to error, you name it.

Only practical way would be to have node operators actually formatting the data to your specified standard so you only have to deal with one format.

>>23138842
>I'm beginning to suspect that q-anon is their first experiments with a quantum computer

>>23138762
I feel like Sergey might be a savage boss, cutting off those who aren’t cream of the crop. Another ex CL member now works for Parity (on link related stuff)

>>23138866
Checked . Does api3 have a testnet out?

>>23138586
>if that really is the case, it would be helpful to be open about the problems and make an announcement regarding CLC group instead of continuing to double down on shady practices
Looking at the way they're handling things, they're not actually attacking or even naming Chainlink, at least in the articles I've seen... Sure for us who know the history we understand the implications, but for a normal reader who'd stumble upon their material, it just comes off as a new team presenting a new project, like hundreds others in the space.

Playing devil's advocate. What do you want them to do? Cling to a failing venture forever, and just run a node pretending everything's fine?

And here's the thing about Chainlink, even the team didn't know where they were going, they originally blindly bet on enterprise adoption, and it went nowhere. They were lucky the DEFI craze happened so they could pivot. Remember how we all thought service level agreements were actually gonna mean something?

And to see it in a pragmatic light, oracles is the new buzzword and they've identified a weak point and decided to focus on it; I mean how is that different than for instance an ETH dev deciding to go work on a L2 scaling solution? It's easy money, and it's good for the ecosystem as a whole if it pans out.

>>23138762
Not actual CL members. CLCG was a community thing. Telegram jannies don't count as team members.

>>23138896
>Another ex CL member now works for Parity (on link related stuff)
Who?

>>23138903
>What do you want them to do?
at minimum, announce that CLC group has been abandoned

>>23138903
>they're not actually attacking or even naming Chainlink
read the API3 whitepaper
>API3: Decentralized APIs for Web 3.03.3. Ineffective redundancyData feeds depending on third-party oracles require over-redundancy at the oraclelevel (see Figure 4). This is because third-party oracles are far less trustworthythan API providers, the latter having a traditional off-chain business and respectivereputation to maintain. Typically, each API provider is served by 2–3 oracles in sucha data feed. Note that this decentralization does not provide additional security atthe data source level, but only decreases the additional vulnerability caused byusing third-party oracles. Unfortunately, this results in the operation costs beingmultiplied on many levels. For example, the data feed essentially employs all thetechnical personnel that operate the oracle nodes, and having more of these nodesmeans supporting more people. Furthermore, using more oracles results in a directincrease in gas costs. Specifically, oracle request–response gas costs increase linearlywith the number of oracles, while the gas costs of aggregation functions that docombinational operations (e.g., median) increase superlinearly.

in that paragraph they just completely ignore the existence of t sigs, which, granted, are not out yet, but can be reasonably assumed to be out soon

>>23138787
Appreciate the effort as always 42 but this one’s off. API3 isn’t a Chainlink undercut, it’s a complementary structure. The way the whitepaper describes first party oracles via airnodes, Chainlink would have to bottom-up completely restructure their network to match the benefits here. The most likely scenario here is Chainlink takes them over and integrates API3 as another product offering while poaching the genius of Burak and the other devs to actually make the Chainlink whitepaper 2.0 a reality. The CLC crew left Chainlink because their product, a premium API marketplace, is still a while away from actual revenue in Chainlink’s roadmap, this expedited the transfer.

t. Honeycomb and Chainlink hackathon dev

>>23138879
>I'm beginning to suspect that q-anon is their first experiments with a quantum computer
https://www.quantum.gov/wp-content/uploads/2020/10/QuantumFrontiers.pdf
>pic related
let's see how chainlink can overcome these issues

>>23138934
>you thought pooping on the street is fun for the hole village...but wait, there's more!
Like that time your pet salamander needed money for Bible camp but Satan wouldn't let your pillowcase wash with the colors?

>>23135428
ej buraz, do you have any rebuttals to section 3 in the api3 whitepaper?

>>23138943
Based. Have you used their product, did they figure out tsigs?

>>23135428
this is the only good post youve ever posted. now fuck off low IQ schizo.

>>23138917
Dan. Almost didn’t recognize him with the hat

>>23139022
>ej buraz, do you have any rebuttals to section 3 in the api3 whitepaper?
pročitati ću whitepaper kasnije
busy weekdays with my fulltime job/wife/exercise/leisure reading/shitposting/etc. so usually only have the weekends to catch up on my technical reading

>>23138943
>t. Honeycomb and Chainlink hackathon dev
thank you for chiming in

>>23138943
>The CLC crew left Chainlink because their product, a premium API marketplace, is still a while away from actual revenue in Chainlink’s roadmap, this expedited the transfer.
makes sense, now if only they left on amicable terms and were open with the community about it, I would be more willing to trust them

>>23138943
Sup mate. Hope you too won something in those hackathons

>>23139022
>ej buraz, do you have any rebuttals to section 3 in the api3 whitepaper?
>>23139104
>pročitati ću whitepaper kasnije

regarding API3 outlining the issues with third-party oracles, the recent blogpost by chainlink shows how there are multiple options available to API providers
they can be first-party oracles (by providing API feeds and serving as the oracle) as well as just monetizing their APIs for a third party

see pic related in this post earlier in the thread:
>>23135909

>>23139158
anyways, I'll do a more thorough reading of their whitepaper later on
I usually print a hard copy and mark up my notes and questions for my review later on
for technical documents 2-3 read throughs are beneficial

>>23139030
>API3 will utilize second layer solutions to be able to use a large number of oracles and advanced aggregation methods without being limited by Ethereum gas prices. While the API3 DAO resides on Ethereum, the data will be aggregated on xDai and bridged to Ethereum and other smart contract platforms
Seems like a bandaid implementation to me but what do I know.

>>23139082
Yeah from the get-go it was obvious he lacked the experience and energy for the dev advocate role. Patrick is much better, a bit cringe but he gets the job done.
https://twitter.com/danforbesdev
he retweeted API3 announcement

>>23139104
Tbh from where I stand it looks like Chainlink ignored them for too long, and should have floated them grant $, considering linkpool is essentially completely part of Chainlink now. Community treated them fine other than all the timo shit (I don’t think he does anything). The CLG or whatever token sale was rushed and a bad idea, this one is actually essential for the product and longevity. Long story short, LINK and API3 are just different in the approach to offchain->onchain, they both have a place in this infrastructure.

>>23139229
>Community treated them fine other than all the timo shit
I like Timo actually

>>23139229
>Long story short, LINK and API3 are just different in the approach to offchain->onchain, they both have a place in this infrastructure.
I hope you're right and that's what is happening
the last thing we need is more infighting

>>23139158
Ok link can implement first oracles. Someone should send an message to api3 letting them know that Link solved their problems. we are placing a lot trust on these white listed oracles I do agree with that point

>>23138965

>>23136499
this makes me peepee the big peepee

>>23139438
we're only just getting started

>>23139535
>examples include quantum imaginary time evolution

finally we'll be able to have calculators that can ACTUALLY calculate the square root of negative one instead of just abstracting it
nice

>>23139535
I'm going to be printing these quantum frontier papers and reviewing them over the weekend
so much fun reading ahead of me

going to call it a night
good discussions, thank you everyone for stopping by

I hope I'm wrong about API3, but all of this just leaves a bad taste in my mouth

>>23139599
I remember these posts
like I said before, I'm actually working on that problem as we speak:
>>23136499
>it's funny too because I'm in the process of establishing a first party oracle with chainlink related to "smart meter" applications for the electrical grid
>>23136862
>here's a hint though:
https://youtu.be/ptO_Ie75V0A

after I solve that, going to move on to resolving the "measurement problem" of quantum physics (aka the oracle problem) with the chainlink team

>>23139687
solving fundamental problems in quantum physics with the chainlink oracle network, super based bra

>>23139687
how are we ever gonna solve the "make 42 take his meds" problem bros

>>23139535
i dont know what this means. this sounds fake AF but i believe it. LINK $1000000 end of decade

>>23139874
Just buy link bro. He’ll stop posting @ $1000

is the implication that TEE computations solve the measurement problem by providing true unobserved outputs?

>>23138762
He was a volunteer janny

>>23139082
He wasn't very good desu

>>23139599
wait, who the fuck are "they/them", is it not chainlink/smartcontract?

>>23141290
>>23139599
wait nvm it was just a clcg shill

chainlink is niggertier trash. Actually alot of niggers shill it on jewtube. most of you can still cash out and make sick profits. Must admit it was an awsome poomp but it's just hot air.

their wp is something alright. Now great ideas but executing is another Story. Wish them well

>>23141416
the only meaningful idea i gathered was that in a market where data aggregators are chainlink nodes, there is no reason for additional decentralization beyond the api/node layer selling their data because third party nodes wouldn't add any additional security and they would be more expensive, so no one would use them; but their are at least 2 problems with this: they would offer additional security by being independent attestors to the api's signature off chain (saving gas) attached to a report of the data point, and api providers stand to generate more revenue by both selling their data directly as a node AND by selling their data to nodes, in particular, if they sell their data directly at a lower price directly as an oracle node, then third party nodes can't compete and have no incentive to buy an api subscription in the first place: the api provider loses; consequently, the api provider either will not sell their data directly to contracts as an oracle node or they will do so but at the same price point as third party nodes, such as to not put the third party nodes out of business and retain them as api subscribers; we circle back to the first question then: do third party nodes offer additional security strictly as reporters of api data (to say nothing of secondary security assurances they could provide)? YES, REALLOCATION OF RISK VIA STAKING, will api providers acting as oracle nodes want to absorb all of the risk of the data transfer layer? fuck no, they will split that up among themselves and third party nodes; third party nodes get the right to payment for providing off chain data to consuming contracts by ASSUMING RISK, also, supposing that not every oracle has access to every api provider, then decentralizing beyond the number of api providers isn't a benefit, it's a necessity

Future Burak shitcoin

>>23141946
>REALLOCATION OF RISK
This is my understanding: API3 reallocates risk from staking node operators to staking API/operators. I didn’t understand the airnode thing besides it’s their version of an Oracle.

>>23141946
>>23142241
API providers don't carry any risk, the DAO does via their staking/insurance pool

>>23135428
So sorry your manhood is being threatened. Imagine not knowing this would happen (or not taking 200x profits on LINK)

stay poor

>reading this thread

Don't care API3 fuck it all 1000 dead LINKS world is a hell

>>23142580
kek

all these image posts. someone's getting nervous.

API3 should do very well whether you want it to or not. this thread is proof.

all these image posts. someone's getting nervous.

API3 should do very well whether you want it to or not. this thread is proof.

>>23142294
>DAO carries all the risk
>api providers carry no risk
>governance token and collateral token are the same
that just makes rent seeking middlemen out of the DAO members as stakers who earn a cut of the oracle revenue by providing insurance, chainlink nodes provide insurance (in a less centralized way) and provide data, it seems the fundamental debate has come down to: who should bear the risk of data transfer, and burak's model, in my opinion, unfairly favors the data providers and in a way that they will make less money, lol

all these image posts. someone's getting nervous.

API3 should do very well whether you want it to or not. this thread is proof.

>>23142775
no different from kleros, augur, UMA, doracles, or band; except maybe the premise of over-reduncancy at the third party layer, which i think is incorrect

>>23138239
All good info, but cut it out with the anime shit, this is why no one takes us seriously.

>>23138903
You are naive if you think all this bullshit is not coordinated.

>>23138896
They are, in their ads for careers it literally says they are looking for the best in the world.

>>23136851
>API3/CLCG is ZEUS capital
If this can be proven, they deserve to be obliterated for their vicious smear campaign.
Remember when CLCG shilled on /biz/ with images of greek statues? They sure do fit the profile.

>>23139348
> I like timo actually.
Scum.

>>23142764
Too many whiney fucking children in the way of progress.

>>23140004
people buy link anyway
he's just a low iq faggot trying to get (you)s out of it on the way up

>>23138545
they dont have the longevity or patience to do anything of worth
they want quick wins, which in their case equates to making a token scam project that will achieve nothing but making them some bucks at someone elses expense

>>23135428
They wanted to pull le epic community funded startup with 4000 ETH for 25% of their company and valued themselves at 16000 ETH when ETH was $400... It was not honest and it showed a profound lack of business experience.

And now they want to recycle themselves with another 25% crowdsale being dishonest about Chainlink and its long-term value proposition. This is a money-grab scheme. Being 100% honest though. I might participate in the crowdsale for a quick pump and dump

>>23137333
>and to warn the chainlink team themselves
Believe me when I say, they are actually aware of this. They think it's an interesting thought project but they will end backpedaling to the Chainlink network somehow. (Decentralized APIs providing data through a fewChainlink nodes for example).

While their vision is flawed, they proposed actual solutions for short term problems. They will compete against RapidAPI and other API aggregators though, not Chainlink itself. Since once Chainlink solves their current centralized hierarchy through the automation of the Service Agreement creation and the open-governance in a few years, API3 willl be either useless or will have to re-think some of their ideas

I’ve read through this whole thread and I don’t quite get what’s going on. Can someone give a brainlet a quick rundown?

bump

>>23144982
Deluded stinkshit maximalist scared a rival project is launching and feebly attempting to FUD it despite being a hylic.

Bumping good bread. Thanks 42 the api3 looked dodgy from the start. They haven't disclosed who is even on the whole team and 40% tokens will be for them...

>>23144334
>RapidAPI
Burek wont be any competition for RapidAPI
this will be another failed endeavour to try take your money in biz shill hyped crowd funding rounds

>>23145557
>scared a rival project is launching and feebly attempting to FUD it
after participating in the CLC group ICO, only to have it cancelled and bungled and then to see them quietly abandon that project to start API3 makes me suspicious
others should know more about it since even most marines don't know the full story
competition is great, but I just don't see what API3 offers that chainlink doesn't

and no I'm not just a chainlink holder, I've invested in other projects like dmg, rsr, polkadot, uniswap, and the linkpool ICO
however chainlink is the majority of my holdings

>>23144982
>I’ve read through this whole thread and I don’t quite get what’s going on. Can someone give a brainlet a quick rundown?
CLC group was a chainlink related company for aggregating API feeds, their public ICO was a failure so they went private funding
years later the project didn't work out for multiple reasons (not fully disclosed why) and has been quietly abandoned by the CLC group team
they've now started a new company called API3, where if you read their documentation, they're now passive aggressively calling the "oracle problem" the "api problem"
the issue I have with them is that they never publicly announced that they've abandoned CLC group and the reasons why they need a new company called API3 instead of just working on the problem at their old company (CLC/honeycomb)

after not delivering for years as CLC group, I am skeptical of them delivering as API3 and this looks like another cash grab attempt

>>23146722
>>23146833
>>23139973
>dont know what this means. this sounds fake AF but i believe it. LINK $1000000 end of decade
it'a from official US government releases and documents, they're starting to disclose at least some of their plans and roadmaps publicly:

https://www.quantum.gov/wp-content/uploads/2020/10/QuantumFrontiers.pdf

https://www.whitehouse.gov/wp-content/uploads/2017/12/Artificial-Intelligence-Quantum-Information-Science-R-D-Summary-August-2020.pdf

https://www.whitehouse.gov/wp-content/uploads/2017/12/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf

>>23142764
>API3 should do very well whether you want it to or not. this thread is proof.
I'm against opaque and hidden business practices
their track record and historical performance with clc group/honeycomb indicates the opposite of what you just said

>>23142891
not my collage, but a kind anon shared it in a thread yesterday
he also knew about the quantum gov info thing, which I just stumbled on today
very interesting...

>>23143139
he did swing and he did buy domains for sergeynazarov which was pathetic
then again, after getting btfo on /biz/ and other platforms for it, he's been trying to make up for it and has worked hard
also I'm not sure what Timo has to do with API3 (if anything)
seems like he's turned a new page and I'm always open to accepting people's genuine reversals and conversions from past behaviours

>>23145557
>Deluded stinkshit maximalist

>>23146833
Well I sure am grateful to you for the warning anon. I will definitely not be buying $API3 coins sir. Thank you for caring about my financial well being and doing the needful.

>>23146833
Thanks. I think framing the problem as “the API problem” is misguided, it’s missing the broader scope of what Chainlink and “the oracle problem” is trying to solve.

>>23147093
>Thank you for caring about my financial well being and doing the needful.
buy all you want

it's the same reason I call out a lot of other companies:
>really ryan?
https://twitter.com/JunkoSu22993224/status/1282621211269308418?s=20
>really brian?
https://cointelegraph.com/news/coinbase-faces-fresh-bitcoin-cash-insider-trading-lawsuit-following-initial-rejection
>really cz?
https://twitter.com/cz_binance/status/1238129012515495938?s=20
https://youtu.be/Rf430XYsBW0
https://decrypt.co/12652/bitcoin-murder-and-mafia-on-blockchain-island-malta
https://twitter.com/JunkoSu22993224/status/1304833402328276994?s=20
>really zeus capital?
https://cointelegraph.com/news/zeus-capital-reportedly-offers-influencers-5-btc-for-link-fud
>really mt. gox?
https://ca.finance.yahoo.com/news/mt-gox-trustee-denies-400-090016807.html
>really bitmex?
https://youtu.be/DnTgelIGmLA
>really sushi and band?
https://youtu.be/MO_Kcw2KVfg

>>23147738
>Thanks. I think framing the problem as “the API problem” is misguided, it’s missing the broader scope of what Chainlink and “the oracle problem” is trying to solve.
exactly

>>23147093
if they published a "lessons learned" from their experience with clc group I would be much more willing to consider API3
instead they just swept their old project "under the rug" (pun intended)

how is this thread still alive

>>23147738
no, solving something that is vague, ambiguous, and poorly defined like the "oracle problem" is much better, fren
>The oracle problem is ill-posed, as even its name suggests an impossible solution. An analogy would be to approach the problem of getting from Point A to Point B as the“teleportation problem”.

>>23148136
because 42 responds to his own threads until they reach maximum responses

I think I'm still gonna bet on Chainlink

>>23148201
>no, solving something that is vague, ambiguous, and poorly defined like the "oracle problem" is much better
t. burak internet defense force
https://blog.chain.link/what-is-the-blockchain-oracle-problem/
>inb4 it's the (((teleportation))) problem

>>23148230
fully expected the thread to be archived when I woke up this morning, just to find it on the 2nd page of the catalog
why not keep it up

you sound upset that the thread is still up

>>23148260
>you sound upset that the thread is still up
>>23148230
>because 42 responds to his own threads until they reach maximum responses
thank you for the bump

>>23148286
>thank you for the bump
here's another, uživaj

>>23148526
>uživaj
naravno

>>23147974
Sounds like you're one Medium article away from buying API3 lol what's the contract address??

they are already starting their shill campaign on /biz/

>>23125859
>>23139714

they're trying so hard with their le cryptic insider schtick and passive aggression
too bad they're getting roasted from the very beginning lmao, keep making these threads 42

>>23148757
after polkadot fucked up the first time
they released an article explaining what happened and were open with the community and did an ICO for edgeware which I participated in
I also participated in the polkadot private sale this summer and it looks like they've redeemed themselves

the way API3 is approaching this problem is the opposite
they quietly swept CLC group under the rug (which I was also an ICO participant of until they cancelled the public sale)
APIs are a fundamental part of the infrastructure which is why I participated in the ICO for CLC group in the first place, but after they got greedy, I will approach them assuming they are being disingenuous until they prove otherwise

my working motto for any crypto project is: "don't trust and verify"

>>23148779
>too bad they're getting roasted from the very beginning lmao
it didn't have to be this way

bump

>>23150697

CLC Group/Honeycomb management and product was garbage. The same dudes are behind this new losing idea/cash grab. Steer clear anons

>>23151292
https://raw.githubusercontent.com/api3dao/api3-whitepaper/master/api3-whitepaper.pdf

>>23151292
Thanks just sold 100k

>>23151169
Out of curiosity are you a fan of Carl Jung at all?
Particularly his ideas on synchronicity?

>>23152363
>Out of curiosity are you a fan of Carl Jung at all?
just bought a book of his
I only have a passing knowledge of Jung, but he sure is an interesting figure

Nietzsche was the first psychologist (as defined in the modern sense)

>>23151485
>Thanks just sold 100k