/biz/ - Business & Finance

If Parsiq was valuable, every frontrunning bot, blockchain HFT, and data-intensive player in the space would be running on it. Fact of the matter is, programmatic preconf event triggers as a service aren't a particularly defensible or lucrative business, no matter how revolutionary Anatoly's approach to it is. "Do y the moment x happens onchain" is a relatively low-capital and commoditized value proposition.

This is why so many people do it in house, and why Parsiq has viable competitors. The company I'm at took the in-house approach because if instantaneous responses to events are mission critical, the latency between servers is a compounding performance liability. This concern for this niche use case applies to The Graph as well.

An example of a competitor in the event triggers space is EPNS/PUSH, decentralized and powered by The Graph of course, which has a similar market capitalization to Parsiq. We love them to death but nobody's under the illusion that they're a trillion dollar protocol, but /biz/ unfortunately has shills like Omega deluding Parsnips like lambs to the slaughter with hollow promises of such future gains.

For those who don't depend on preconf events, Parsiq must contend with The Graph and a sea of other players.

>Muh IQ protocol

NFT. Lending. Get outta here. The worst pivot in the history of pivots, maybe ever. Completely different token for some reason, probably to milk retail some more, with airdrops and staking for PRQ baggies as a consolation prize. There will be NFT lending in the future, but it won't be for the trash you bought with your life savings on OpenSea last year, and there will be far more mature, well-funded, and better connected players overseas facilitating the integration of tokenized offchain real assets with DeFi.