/biz/ - Business & Finance

*instantly kneecaps and ruins your shill thread*

>>30179219
>Show me their profile on reputation.link? Oh wait, they asked to be removed so we can't check it anymore... how convenient.

>implying they requested to be removed from market.link
provide any evidence that they were removed due to a request and not due to preemptive removal from reputation.link

Burak on the official Chainlink youtube channel:
https://www.youtube.com/watch?v=uXYx9xYnU40
https://www.youtube.com/watch?v=QYWFFtJtWMw

>>30179341
Thank you for participating in /AAFG/

But please follow the rules: one FUD point at a time to allow for more organized discussion, thanks.

>What API3 is brilliant at is one thing: comparing their theoretical finalized product to the current state of the Chainlink network.

Staking release next month. So things will only be theoretical for so long.

>>30179341
>At the current state, Chainlink is the dominant leader in the Oracle space, with daily integrations and the single best performing token in one of the harshest bear markets the world has ever known.
>At the current state
>At the current state
>At the current state

Isn’t this dead on arrival? What partnerships do they have? I mean like WEF

>>30180568
>I mean like WEF
Could you elaborate on the partnership CL has with WEF? Other than a glorified blog post?

>>30179219
Hell is a realm where crypto has widespread adoption, but the only coins for sale are pnk, core, and api3.

>>30179341
>Meanwhile API3 has a whitepaper cowritten by an Eastern European woman (!) who was posting low IQ questions on Ethereum as recent as 2017
This is her only Ethereum-related account I could find:
>https://ethereum.stackexchange.com/users/66900/sasa-milic
The questions and answers posted seem medium to high IQ.

Are you referring to a different account? If so, please do share your findings.

>>30179341
>The team effectively owns 80% of the supply so not much anyone could do with their vote, as the team will be completely in control for the foreseeable future.
The team holds 30%.

Did VCs get a buy in at $.30?

>>30179341
>Even more, the team has been dumping tokens at an enormous space, by dumping over 400k tokens in 1 months
Provide any proof of this.

>>30179341
>which is 2.1% of the circulating supply. This accounts to a yearly token inflation of 27%, which is 5 times higher than the inflation caused by Sergey's dumps.
Let's ignore for a second the blatant lie that the team is dumping, nice retarded moon math to justify Sergey dumps. The dumps occur at such a regular rate that you refer to it as an "inflation rate" top fucking kek

>>30179341
>API3 would then ONLY be a viable solution for price feeds
Pretty low IQ, my friend. Are you familiar with what a Web API is?

>>30179341
>Meaning they have to compete with the Oracle standard which has a track record of years
This is a talking point taken from the world of traditional corporate business. Look how quickly volume and usage shifted to Sushiswap from Uniswap due to well-engineered incentives. Pic related.

>>30179341
>They use this buzzword to convince people who have zero understanding of programming, by claiming these '' first party oracles '' somehow offer something Chainlink doesn't.
>Pro-tip: it's a lie. Multiple data providers already run their own Chainlink oracle.

First of all, what kind of a faggot says "Pro-tip".

You can only have one:
Option A: Chainlink approaches API providers and convinces them to provide data to the blockchain. In this scenario, Chainlink remains a centralized and permissioned network, hand-selecting node operators.
Option B: Chainlink is an open and permissionless network. In this scenario, there is no direct incentive mechanism to incentivize API providers to provide data to the blockchain. Unlike API3, which is designed with API provider business models in mind.

>>30179341
>So API3 offers a subset of what Chainlink offers
API3 offers:
>insured data feeds
>first-party-centric design + business model
>decentralized governance (to prevent fat-fingering data feeds and the like)

>>30179341
>With API3 you would have to convince these dataproviders to run an Airnode.
>But why wouldn't they just run a Chainlink node?

A first-party Airnode is preferable because:
- It is built on services priced on-demand, meaning that the node operator is charged only as much as their node is used. This allows any API provider to run an oracle for free and start paying only after they start generating revenue.
- It does not require the node operator to handle cryptocurrency at all. Its protocol is designed in a way that the requester covers all gas costs.
- it does not require any day-to-day maintenance such as updating the operating system or monitoring the node for uptime owing to existing fully managed serverless technology

>>30179341
>They were incompetent at running a Chainlink node
See pic related:
>>30179387

I hate niggers and kikes but I sure do like API3

>>30179341
>they botched not one but two crowdsales (CLCG & the mess that was the API3 crowdsale)
The API3 token sale sold out in a few days and the price hasn't once dropped below the max token sale price ($2).

>>30182183

Based, same.

>>30179341
>and their Chainlink market was completely outclassed by Linkpool
>outclassed by Linkpool

pure class

>>30182467
He's so classy he spells his name "Mat". No wasted consonants!

>>30179341
> Then Infura got rekt and suddenly they did a 180 claiming the Airnode would support multiple redundant Ethereum as a service providers
That was always the claim. Multiple providers.

>>30179341
>Chainlink has a team of around 100 persons
>thinking this is a positive sign
How many people built Bitcoin? What about Ethereum? What about yearn.finance?

>massive bigbrain geniuses like Ari Juels and Benidict Chan
I'll give you Ari.

>API3 has a team consisting of literal biztards whose trackrecord is a botched job at running a Chainlink node and a miserably failed tokensale
Addressed node FUD here:
>>30179219
>>30179387
Addressed token sale here:
>>30182310

bump

Basically API3 is a glorified LinkPool, a single node and service on Chainlink, yet think they actually will compete with Chainlink. Delusional.

>>30179341
>And what about the marketing?
>Chainlink has people like Adelyn who are professional marketers and they get featured by the WEF, Google, forbes etc.
>API3 paid a hefty sum to VC groups like Chris Burniske and other Chainlink haters (VC groups that missed out on Chainlink and are so salty that they try to push the """" muh chainlink killer """" narrative)

>paid a hefty sum to VC groups
VCs are actually the ones that pay (to purchase tokens). That's how investing works.

It's kind of ironic that you bring up Chainlink "professional marketing". Chainlink blew up because of biztards.
Viral organic marketing >>> "professional marketers"

>>30179341
>Good for them, because the whole mechanics behind API3 make zero sense from a price perspective.
API3 tokenomics:

The token has an inflationary and a deflationary mechanic. Staking at the DAO yields inflationary staking rewards. The DAO burns its revenue, causing deflation. This model is adapted from EIP-1559 and fixes significant incentive issues that revenue-generating DAOs face. See https://medium.com/api3/api3-tokenomics-update-f032d6e49b30 for more details.

Since the entire inflation is paid out to the stakers, token holders don’t need to be concerned about it as long as they stake. However, staking comes with the risk of being slashed when insurance is paid out. This is reconciled with a floating inflation rate. The DAO sets a stake pool size target, and inflation rate is regulated automatically to ensure that it’s met.

>>30179219
this coin and ALEPH might solve a lot of problems

>>30179341
>Now to the reason why API3 doesn't make sense from a tokenomics perspective.
>Chainlink's tokenomics are super strong, it's the primary reason it was so popular on this forum and the reason why most link marines bought in.

>super strong
Are you fucking kidding me? Staking is the only value proposition for LINK and it hasn't been implemented in 3+ years. And it won't be because: there's nothing enforcing or incentivizing nodes to reach a Shelling point. Pic related.

>stack shitcoins
>lose after half a year with no liquidity
>go for another trash pool
yeah, you won't have to lick dick

No sense to try to find a trash, be smarter, check my wallet on justliqudity.
>JULD - this is token for holding, x10 for couple months and pushing further

>>30179341
>Meanwhile API3 hypes up their own tokenomics (wouldn't be surprised to unironically see them get brought down by the SEC because of this btw).
Show any proof of this.

One at a time poo bois: >>/biz/thread/S30102121#p30104716

>Which 6 poo nodes did they run? Show me ANY real poo not just a poo from the team they said they did (someone saying they did something is not poo btw).
"Currypoo dot market" node on poonet: https://etherscan.io/address/0x78e76126719715eddf107cd70f3a31dddf31f85a
"Currypoo dot market" node on roppoo: https://ropsten.etherscan.io/address/0x4a3fbbb385b5efeb4bc84a25aaadcd644bd09721

>>30179341
>With API3 there is massive inflation going on (see a couple posts back)
Touched on here:
>Since the entire inflation is paid out to the stakers, token holders don’t need to be concerned about it as long as they stake.

> The team holds 80%
Wrong. It's 30%. See:
>>30181091

>so you have probably around 85-90% of the tokens that are waiting to be dumped
Tokens are locked for several months and then vested for 3 years.

>>30179341
>Meanwhile, the only way to combat inflation isn't to hold.
>No, you have to put your tokens in one of the DAO's for the price feeds.
>Yeah that's right, if you run a smart contract some random person (aka the team who holds 80% of the token) has complete control over which nodes or which data sources you use.

>put your tokens in one of the DAO's for the price feeds
Nice grammar you fucking idiot.

>(aka the team who holds 80% of the token) has complete control over which nodes or which data sources you use.
Why would the team do shady shit when it's *their* tokens that are on the line and will get slashed?

>>30179341
>Not only that, if you have for example Coinmarketcap running a API3 airnode and something goes wrong, YOU lose your tokens, there is literally no incentive for Coinmarketcap to be truthful as they don't have any skin in the game.

>there is literally no incentive for Coinmarketcap to be truthful as they don't have any skin in the game.
Really, retard? You think a major business in the cryptospace is going to purposefully produce a malicious input to a data feed to earn a few bucks on some smart contract? And ruin their real-world reputation? And lose future business revenue?

Ask me how I know you know nothing about business. Ask me how I know you have Asperger's and a limp handshake and trouble maintaining eye contact.

>>30179341
>So the sum up the tokenomics: either you risk your stack being slashed because one node malfunctions OR you have a loss caused by the annual inflation of at least 27% (see calculation in previous post).
Tokenomics addressed here:
>>30184350

>>30179341
>And now for the "coup de grace":
>coup de grace
faggot

>all of this Chainlink fud: the SEC is going to come after Chainlink!
>All of this is assumed to be coming from Zeus, which is linked to Nexo mutual.
>But is it really?
>there are many signs that point to API3 and its team to be behind Zeus.
All of those signs listed are pure schizo-tier, and this is coming from an /x/ poster. I challenge you to find *any* direct links between Zeus Capital and anyone associated with API3.

This is udder shit. Like literally cow shit that some how stuck before hitting the ground. Sticking around when it should just fucking go away.

>>30179341
Okay, I finished addressing every point point in this weak gish gallop FUD.

bump

Kylin though. That might eat out of my API3 bag. Gonna hold both tho

Grayscale investing in API3 instead of LINK you have to be low IQ retarded mongoloids not to buy API3 and spreading FUD here

>>30187761
I think that should give you a clue as to why it's being fudded.

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