[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports / report a bug ] [ 4plebs / archived.moe / rbt ]

2022-11: Warosu is now out of maintenance. Become a Patron!

/biz/ - Business & Finance


View post   
View page     

[ Toggle deleted replies ]
File: 9 KB, 300x300, 1607139487927.png [View same] [iqdb] [saucenao] [google]
26417136 No.26417136 [Reply] [Original] [archived.moe]

Should Sergey make an attempt to buy out API3? Despite the huge run-up it's still criminally undervalued. He could probably get it for 250 million which is only 10 million Link.

API3 is a legit project that will play a large role in the future of oracles and I see them both coexisting with large market shares as they serve different markets.

>> No.26417295

>>26417136
How do you buy a dow? Is 50% even on the market?

>> No.26417343
File: 158 KB, 491x512, 1610441125140.png [View same] [iqdb] [saucenao] [google]
26417343

>>26417136
It's too late for them now, sirgay's going to jail

>> No.26417489

>>26417295
I feel like first he should accumulate a decent amount on the open market (this honestly could be happening right now) and then you'd go straight to the team and buy out the team, getting their supply of the token and all of their assets. You'd probably never own 50% of the supply but you'd pretty much own the project regardless. I think this is how CZ bought out Swipe.

>> No.26417551

>>26417136
LMAO
Midhav, it was over before it even begun
Apu3 is obsessed with chainlink, while chainlink doesn't think about them at all. Because they don't need to. Because NO ONE gives a shit about apu3 outside of a few that buy it thinking they'll get a quick pump and dump they can time. Its not the standard. Its not even going to be a secure and reliable alternative. Its just... dogshit.
S And H

>> No.26417731
File: 6 KB, 250x250, 1606310469483s.jpg [View same] [iqdb] [saucenao] [google]
26417731

>>26417136
Pretty sad i only got 800 when it was a buck desu

>> No.26417869

If he even cared about this garbage, why wouldn't he just copy/paste the open source code and integrate it into chainlink's already far more established network

>> No.26417938

>>26417551
There's a reason it's at $6 already. It's a legitimate project.

I'm about 60/40 Link/API but kind of wish I was heavier on API. Anyways Link is too centralized for something like Defi. Don't get me wrong Link will be the bigger project and that's where all the money is, but you will still need something like api3 for hobbyists and teams that want to stay anon.

>> No.26418006
File: 102 KB, 1169x1280, API3_ethindia.jpg [View same] [iqdb] [saucenao] [google]
26418006

>>26417551
Except that they likely paid ETHIndia to drop them from the event.

And obviously the sentiment will go one way like that when it's 9b marketcap vs 250m marketcap.

>> No.26418044

>>26417551
>increasingly nervous link holder

>> No.26418092

>>26417136
t. sassa

>> No.26418119

>>26417136
This shitcoin with zero progress is not worth even 2,5 million.

>> No.26418401

>>26418092
You wish she posted on this board

>> No.26418510

>>26418119
literally already getting users, check twitter nigger

>> No.26418648

>>26417938
>stay anon
No thanks

>> No.26418948

>>26417136
>"h-hopefully smartcontract b-buys our shitcoin"
The absolute state of a api3 brigadiers.

>> No.26418984

>>26417136
No. Api3 brings nothing to the table. It's just a centralized, simpler chainlink for low-end projects.

>> No.26419028

>>26418984
centralised? nigger are you retarded its a DAO with decentralized nodes

>> No.26419029

>>26417938
he doesnt know

>> No.26419204

>>26419028
a) a dao is a governing system, not a service system
b) it's centralized because they will only have a couple of data providers. Every link call aggregates over 21 answers, this will do a couple at most.
c) when ocr ships, link can aggregate thousands of answers btw.

So yes, it's very centralized.

>> No.26419248

>imagine not knowing who API3 are
They should consider themselves lucky that Ari didn't kill them in their sleep.

>> No.26419389

>>26418401
t. burak

>> No.26419489

>>26418648
> i have no reading comprehension

>>26419204
> random jibberish FUD

>> No.26419630

I swear Timo starts every one of these threads. API3 is nothing more than some /biz/ retards that Sergey rejected and VC money nabbed to syphon some cash from retards thinking this could ever possibly compete with chainlink

>> No.26420246

>>26419630
ok then dont buy it

>> No.26420271

>>26420246
I won’t u faggot

>> No.26420378

>>26417551
Why dont u just sell 10% of ur link and buy api3 you will sleep a alot better

>> No.26420477

>>26420271
I did at sub 2$ and feeling quite comfy desu

>> No.26420580

>>26419489
its neither jibberish nor fud. There is a very limited number of data providers. Oracles are suppose to relay reality through third party observers. First party-only means you have to rely in a much smaller set, making it more centralized.
Api3 wants to be a cheaper centralized chainlink, that's their product. Maybe it will find its niche in low-end defi projects that can't use chainlink as it is stupidly expensive in its form right now, but no serious project will put treasury funds and serious dough using api3.

>> No.26420794

>>26420580
>Oracles are suppose to relay reality through third party observers. First party-only means you have to rely in a much smaller set, making it more centralized.

How so? Link does get the data from first party api so basically the node network is only used for aggregating data. Since api3 can aggregate straight from the fist party oracle (dapi) makes link basically obsolete and parastic in nature.

>> No.26420800

>>26417136
you know they could just fork the code, hype a new token sale, and continue developing even more wealthy than before, right?

>> No.26420934

>>26420580
Dude just let them invest in trash.

>> No.26420961

>>26419204
>Every link call aggregates over 21 answers
Lol! And how many API providers does that represent? How do you know they aren’t querying all from the same API?

>> No.26421082

>>26420961
>And how many API providers does that represent? How do you know they aren’t querying all from the same API?
This x100. Also you are paying 21x fees for each node which posslby only uses one or two apis

>> No.26421265

>>26420794
not true, many data providers already run their own nodes, so right now you have a mix of the answers between nodes using their own apis and nodes observing other apis and relay the info which is then aggregated. Api3, in this case, would simplify the process for the first case and eliminate the rest. It becomes much more centralized.
you can see here
https://feeds.chain.link/eth-usd

link is expensive because it's already decentralized to the point that aggregation costs too much, especially when gas is high. Being cheaper is just being more centralized and instead of aggregating 22 answers, you would aggregate 2 or 3. Which becomes then a major attack surface.

They also have the problem of not having anyone capable of coding ocr, they are just waiting for coventry and friends to ship the code so they copy it, which will solve the aggregation cost.

>> No.26421408

>>26420961
doesn't matter, apis can bug for seconds, can go down for seconds, or that one node can intentional change the value without any threshold deviation in place.
trustless means 20 people looking at a white wall and saying it is wait not the person who painted the white wall that it is white.

Long-term data providers won't even know what third party observers are doing with their data

>> No.26421431

>>26421265
>https://feeds.chain.link/eth-usd
How many APIs does this data feed represent? That is, how many independent data points does this represent? That is, how truly decentralized at the data source is this feed?

>> No.26421465

>>26421408
>wait
*white

>> No.26421505

>>26421408
>trustless means 20 people looking at a white wall
No, trustless would mean not having to trust those 20 randoms being honest. And you have to pay 20x fees to get the same info

>> No.26421523

>>26421431
doesn't matter, but you can check each node if you want. Nodes are the ones who need to take care of their own data, not the network. Less nodes means you only need to attack two or three, it's inherently centralized and less safe.

>> No.26421566

>>26421505
and you won't have to trust them because of how big the network will be with ocr and the penalties in place while with api3 you trust 2-3-4 players.

>> No.26421636

>>26421523
>doesn't matter, but you can check each node if you want.
No, you can’t. There’s no way to know programmatically where nodes in Chainlink price feeds get their data from. For all you know, all of them could be querying CoinMarketCap.

>> No.26421718

>>26421566
>because of how big the network will be with ocr
I still can’t believe link marines buy into this. You think staking and reputation are sufficient to prevent any data misreport? Even if they were, they aren’t even implemented.

>> No.26421773

>>26421636
>Nodes are the ones who need to take care of their own data

This is their job.The api-problem is a meme. It was in 2018 and it is now. You can't scale it, and you can't make it safe outside of relying on third party.

Why would anyone in their right mind use api3 when they have the twap uni oracle which is as centralized but much safer.

>> No.26421821

>>26421718
we don't have to believe. it is already extremely battled-proof.
all oracles have been exploited outside of link in, its initial form.

>> No.26421860

>>26421773
You’re clearly ~90 IQ. Most of your response is coherent.

>> No.26421904

>>26421860
*incoherent

>> No.26422173

>>26421773
>This is their job.The api-problem is a meme. It was in 2018 and it is now. You can't scale it, and you can't make it safe outside of relying on third party.
Looks like you never bothered to read the api3 whitepaper and here you are spouting nonsense.

>> No.26422224

>>26417136
>it's still criminally undervalued.
How the fuck is it undervalued? They have zero network effect, there aren't securing anything in defi and there mainnet isn't even out.

>> No.26422332

>>26422173
Facts can't be contradicted in whitepapers tho. This isn't an opinion, what I posted is a fact. Chainlink faced similar challenges when they started to architect their solution

>> No.26422832

>>26421773
because the twap uni oracle is just pricing onchain twap you mongoloid. Unreal that biz still can’t piece together decentralized oracles after almost four years

>> No.26423330

>>26422832
>decentralized oracles
>api3
pick one

>>
Delete posts
Password [?]Password used for file deletion.
Captcha
Action