/AAFG/ - API3 anti-FUD general

[Anonymous No.30205142]

One at a time bois.

>>>/biz/thread/S30102121#p30104716
>The API3 team themselves are, once again, caught bending the truth to appear more legitimate.
>Which 6 nodes did they run?
>Show me ANY real proof, not just a statement from the team they said they did (someone saying they did something is not proof btw).

▸ “honeycomb dot market" node on mainnet:
https://etherscan.io/address/0x78e76126719715eddf107cd70f3a31dddf31f85a
▸"honeycomb dot market" node on ropsten: https://ropsten.etherscan.io/address/0x4a3fbbb385b5efeb4bc84a25aaadcd644bd09721

[Anonymous No.30205229]

>>30205142
pic related conveniently removed from reputation.link

[Anonymous No.30205366]

>>30205142
>>>>/biz/thread/S30102121#p30104716
>>The API3 team themselves are, once again, caught bending the truth to appear more legitimate.
>>Which 6 nodes did they run?
>>Show me ANY real proof, not just a statement from the team they said they did (someone saying they did something is not proof btw).
>▸ “honeycomb dot market" node on mainnet:
>https://etherscan.io/address/0x78e76126719715eddf107cd70f3a31dddf31f85a
>▸"honeycomb dot market" node on ropsten: https://ropsten.etherscan.io/address/0x4a3fbbb385b5efeb4bc84a25aaadcd644bd09721

Context for new entrants to /AAFG/: the team formerly known as CLCG (now API3) ran Chainlink nodes in the past. This has apparently come into dispute recently.

[Anonymous No.30206024]

Let us address this bad boi. I’ll go point by retarded point, so bear with me.

[Anonymous No.30206025]

not selling

[Anonymous No.30206151]

This FUD is getting me bullish.

What do you linkies think about Kylin Network? Just bought meself a nice stack. kek, already got 15 partnerships and clients. Web3 Foundation grant, Gavin Wood is secretly fucking the CEO, Dylan.

[Anonymous No.30206191]

>>30206024
>Show me their profile on reputation.link? Oh wait, they asked to be removed so we can't check it anymore... how convenient.
See:
>>30205229
>>30205142

Further: please provide any evidence that they were removed due to a request and not due to preemptive removal from reputation.link.

[Anonymous No.30206222]

>>30205142
The only way to dispel the fud is for you to release a working product which is superior to chainlink. You have not done this and you never will. FAIL

[Anonymous No.30206311]

>>30206222
Trips of truth
Fuck Timo and Burak

[Anonymous No.30206488]

>>30206024
>>30206222
Checked and thank you for participating in /AAFG/. Your message is timely. I was just about to address the following points:

>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

API3 DAO and staking pool live next month.

[Anonymous No.30206904]

>>30206024
>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.

[Anonymous No.30207326]

This isn't libertas

[Anonymous No.30207790]

>>30207326
>The numerical value of libertas in Chaldean Numerology is: 3

[Anonymous No.30209072]

>>30205142
bump

[Anonymous No.30210747]

>>30206024
>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%.

[Anonymous No.30212147]

>>30206024
>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.

[Anonymous No.30212869]

their cofounder is a hot girl but as always
>short women

[Anonymous No.30213442]

>>30212869
sometimes a good investment strategy, but i recommend you reconsider:
>>30206904

[Anonymous No.30213929]

I don’t like the logo

[Anonymous No.30214457]

>>30206024
>>30212147
>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

[Anonymous No.30214495]

I hope no one is seriouse about buying this shit. They have absolutely zero hope in winning against chainlink. You may make a money in small timeframe hype play with this but don't get left holding trash3 in the long term. Totally unnecessary shitcoin.

[Anonymous No.30214853]

>>30214495
>https://rapi3r.medium.com/the-bull-case-for-api3-f2ecacc59482

[Anonymous No.30215528]

>>30206024
>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?

[Anonymous No.30216581]

>>30206024
>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 from Uniswap to Sushiswap due to well-engineered incentives. Pic related.

[Anonymous No.30217770]

>>30206024
>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.

[Anonymous No.30219414]

>>30206024
>So API3 offers a subset of what Chainlink offers
API3 offers:
▸ insured data feeds
▸ first-party oracle centric design + business model
▸ decentralized governance (to prevent fat-fingering data feeds and the like)

[Anonymous No.30221173]

>>30206024
>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

[Anonymous No.30221532]

[Anonymous No.30222823]

>>30206024
>They were incompetent at running a Chainlink node
See pic related:
>>30205229

[Anonymous No.30222948]

Glad to see a thread with some fucking numbers and data

[Anonymous No.30223374]

>>30221532
lel

[Anonymous No.30224227]

>>30206024
>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).

[Anonymous No.30224847]

>>30206024
>and their Chainlink market was completely outclassed by Linkpool
>outclassed by Linkpool
pure class

[Anonymous No.30226476]

>>30206024
> 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. Redundancy at each necessary level.

[Anonymous No.30228234]

>>30206024
>Chainlink has a team of around 100 persons
How is this a serious point of argument in the crypto space? 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
Node operator FUD addressed here:
>>30205142
>>30205229
Token sale FUD addressed here:
>>30224227

[Anonymous No.30229744]

>>30206024
>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"

[Anonymous No.30229818]

Kek nobody gives a shit about DOA project. Just sell and buy something pajeet

[Anonymous No.30230147]

>>30229818
>BeSadWjM
You sir will Be very Sad ignoring my message.

[Anonymous No.30230241]

>>30205142
I hold API3 but what do you have to gain by shilling it on /biz/

[Anonymous No.30230332]

Perhaps you haven’t read the thread, I am addressing this >>30206024 for archival purposes.

[Anonymous No.30230619]

Alright, I'm interested. What's the make it stack for API3?

[Anonymous No.30231452]

>>30206024
>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.

[Anonymous No.30232460]

>>30206024
>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.

>Chainlink's tokenomics are 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.

[Anonymous No.30232989]

>>30230619
answer this

[Anonymous No.30233104]

>>30232460
isn't the link token needed to pay for price feeds?

[Anonymous No.30233452]

>>30230619
>>30232989
Make it 10,000
Suicide 1,000

[Anonymous No.30233610]

>>30233452
fucking kek $50k for a make it stack

[Anonymous No.30233638]

>>30233104
Yes. But this doesn’t provide any cryptoeconomic security. That is, the way LINK is presently used (without staking) is pure token-not-needed.

[Anonymous No.30234518]

>>30206024
>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).
No proof of hyping tokenomics. Look at their twitter: announcement, facts, and 0 hype.
https://twitter.com/api3dao?lang=en

[Anonymous No.30234526]

>>30233610
I just pulled those numbers out my ass. I have a lowly 2000

[Anonymous No.30235395]

>>30233638
the token is needed to pay for data feeds is it not?

[Anonymous No.30235915]

>>30235395
If it’s just a token to be used as payment, it could be any ERC677, or any ERC20 if payment is done on a subscription basis (like with API3).

My main point is that LINK provides no cryptoeconomic security to the network (as it functions now, without staking). I can’t think of a single coin with sustained success (e.g. ethereum, bitcoin) where the token isn’t a fundamental and necessary element of the security of the network.

[Anonymous No.30236077]

>>30206024
>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.
Team holds 30%. See: >>30210747 Why would the team do shady shit when it's *their* tokens that are on the line and will get slashed? Do you understand incentives? If not, you have no business investing in crypto.

[Anonymous No.30236612]

>>30206024
>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:
>>30231452

[Anonymous No.30236739]

>>30206024
>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. Try and find *any* direct links between Zeus Capital and anyone associated with API3.

[Anonymous No.30237054]

>>30206024
Alright, done addressing every point.

This is a great example of gish galloping:
>https://en.wikipedia.org/wiki/Gish_gallop
>The Gish gallop is a term for an eristic technique in which a debater attempts to overwhelm an opponent by excessive number of arguments, without regard for the accuracy or strength of those arguments

It took me at least an hour to read and write responses, even though all of the initial points were pure retardation.

[Anonymous No.30237193]

>>30237054
Thank you for your service. They've been posting that crap for months.

[Anonymous No.30238432]

>>30205142
I’m I’m booomping !!! Ahhh

[Anonymous No.30238554]

>>30238432
>>30237193
>>30237054
Launching as a DAI is retarded because it will end up totally controlled by the venture capital firms

Kys Rajesh nobody is buying this

[Anonymous No.30238912]

>>30238554
>Launching as a DAI
Investors hold 15%, see:
>>30233104
And it’s not one group of investors, it’s at least 4 different groups. See:
>Announced Thursday, API3, which promises a decentralized API (dAPI) network, has raised $3 million in a private funding round led by Placeholder and with participation from Pantera, CoinFund and Digital Currency Group (which is also the owner of CoinDesk).

>because it will end up totally controlled by the venture capital firms
What’s better: launching as a DAO or a company (black box legal entity)?

[Anonymous No.30238968]

>>30238912 (Me)
>Investors hold 15%, see:
Wrong reference:
>>30210747

[Anonymous No.30239853]

>>30238554
>>30238912
>led by Placeholder
I’m not sure why wouldn’t want to leverage the connections and research of high quality VCs:
>https://www.placeholder.vc/blog/2021/3/2/a-note-on-privacy-in-constant-function-market-makers
>https://www.placeholder.vc/blog/2021/1/19/optimal-fees-for-geometric-mean-market-makers
>https://www.usv.com/writing/2016/08/fat-protocols/

You want these people having a say in DAO proposals? Or should the proposals and votes be solely up to moonboy biztards?

[Anonymous No.30239994]

>>30205142

bump.