/biz/ - Business & Finance

[Anonymous No.11751823]

They embed public API calls information directly into the Ethereum blockchain, meaning the storage cost of the data itself will be astronomical

There is no way to call any private APIs because your API key will be leaked due to the public nature of Ethereum

You are assuming that companies would be willing to pay a fee of 10 cents per call. (Which is entirely ridiculous, one of my apps runs nearly 100k api calls per day and I pay only 300 dollars/month)

You are assuming companies will pay 10 cents/call to receive "decentralized" data, such as prices of stocks, when they already own multimillion dollar contracts with companies specifically built to provide accurate data (plus you can get your money back if the data isn't accurate from a company, rather than having no one to answer for mistakes)

You assuming companies will wait 30+ seconds for an API call, which would place them at a disadvantage of any other competitor who is using a centralized system

It's clear to me that no LINK holders have experience actually using APIs or are in the corporate space, and I feel bad for them when they will get burned, kek

[Anonymous No.11751838]

>>11751823
yeah? well the API store just called, and they're all out of you.