/biz/ - Business & Finance

[Anonymous No.8498318]

Salesforce just bought, for $6.5 billion, Mulesoft Inc., a company that's about making APIs externally available:
>https://blogs.wsj.com/cio/2018/03/21/the-morning-download-salesforces-bets-6-5-billion-on-the-api-economy/
This is the most expensive acquisition Salesforce has ever made. That's because they know how important APIs will be, and ChainLink is poised to connect this API economy to this emerging Smart Contract economy. Salesforce are connected to ChainLink via the dev Dimitri Roche, and Sergey tweeted the Salesforce CEO.

Yes, the API economy is huge and it's growing. How huge? Well, the research consulting company Ovum says that the size of the API economy is going to be 2.2 trillion dollars during 2018. There were ~15,000 public APIs available in 2016, growing by 40 new ones per day during 2015. In 2016, Netflix alone received 5 BILLION API requests PER DAY.
>An API request is equivalent to a "job" that an oracle would do.
>For comparison, Oraclize claims to do "thousands" of jobs per day. That shows just how much room for growth this API/Smart Contract economy has.

If ChainLink can capture just 3% of the $2.2 TRILLION global API economy, that gives it a market cap of $66,000,000,000 - 66 BILLION. Consider that Sergey said there are 19,000 people interested in running a node: that's over 100% of the available public APIs in 2016, so 3% of the market is very conservative. That's not even considering what % of the smart contract economy ChainLink can capture, for which I can't find much on predictions for its value or its current value.

Price per coin multiplied by number of coins determines market cap, so marketcap divided by number of coins gives us coin price. So if LINK captures 3% of the API economy, that gives us a price of $188.

[Anonymous No.8498329]

>>8498318
Link Marines, get in here NOW

[Anonymous No.8498335]

Link was already blown out by a random redditor. Just lol @ anyone still holding this pajeet coin

[Anonymous No.8498357]

>>8498318
thx for the pipe dream.
anyone else multiply their link stack x188?

I'd make it

[Anonymous No.8498372]

>>8498318
>another deluded linky rant

[Anonymous No.8498374]

>>8498318
Im pretty sure these link marines could casually introduce link into the state of the union address or the popes christmas message without shame. The state of biz

[Anonymous No.8498391]

Calling Jason Parser.

[Anonymous No.8498414]

this is assuming circulating supply is fixed at 350mm. It's quite possible that a lot of holders extract it from exchanges for staking. Right now it's unlikely to go lower than 100m though, cuz binance alone holds 96m tokens.

[Anonymous No.8498417]

>>8498357
188dollars is x458...

[Anonymous No.8498419]

>>8498318
>>8498329
>>8498357
>>8498372
>>8498391

WHY ARE ALL OF YOU SUCH FUCKING BRAINLETS !!!

FUCKING CHRIST, GET IT THROUGH YOUR RETARDED THICK SKULL.

https://www.youtube.com/watch?v=x1R7wFK9SwE

[Anonymous No.8498432]

>>8498318
I usually never reply to these threads since people make them out to be much bigger than they are, but in this case I have to say FFFUUUCKK JESUS FUCKING YESSS

It is clear as day that Salesforce is somehow tied to the ChainLink project, and this makes their intentions pretty fucking clear.

I'm telling you singularity will be absolutely massive, really an enormous fucking explosion of demand to a point no other project has seen thus far, not even Ethereum.

We're going to make it bros. We're really, really going to make it.

[Anonymous No.8498466]

>>8498417
but if each link i own is worth 188 dollars, wouldn't i just go from that value?
am i fucking retarded?!?!??!!!
holy shit

[Anonymous No.8498476]

>>8498335
long term holder sold before the pump xD

[Anonymous No.8498480]

>>8498419
Oct 20th, 2017
Only the most up to date sources for patricians such as us

[Anonymous No.8498489]

>>8498414
adding to that, this is clearly not a ceiling as some new markets will emerge

[Anonymous No.8498494]

>>8498466
link stack yeah. thought you were referring to how much your link stack was worth today.

[Anonymous No.8498502]

>>8498318
>mulesoft
>names are important

[Anonymous No.8498528]

>>8498494
ok whew. either way i'd make it. where'd OP get 3%? And why hasn't he written anything else?
half of me thinks im holding winning lottery tickets. the other half thinks im deluded as fuck.
OH WHAT A TIME, TO BE ALIVE

[Anonymous No.8498565]

>>8498318
Currently in my room laughing maniacally. Not sure if deluded or future multi millionaire

[Anonymous No.8498569]

>>8498329
>>8498335
>>8498357
>>8498372
>>8498374
>>8498391
>>8498414
>>8498417
>>8498419
>>8498432
>>8498476
>>8498480
>>8498489
>>8498494
>>8498502
Monetization of APIs is, I presume, what is driving the growth of this economy. I've just been looking up how to monetize APIs, and literally no one is talking about monetizing them by connecting them to smart contracts.

https://www.ca.com/content/dam/ca/us/files/ebook/api-monetization-unlocking-the-value-of-your-data.pdf

https://nordicapis.com/top-5-api-monetization-business-models/

This either shows just how revolutionary ChainLink is, or that it's so insignificant no one has even considered it.

I think it's the former: smart contracts ARE going to be huge, and 90% of smart contracts, that are actually interesting and more than trading shitcoins, will need to connect to external data, like APIs. I think it's easy enough to connect the dots here.

[Anonymous No.8498599]

just got promoted today. immune to fud. deluded.
feels good.

[Anonymous No.8498606]

>>8498528
>where'd OP get 3%?
Just literally a random number. If a business captured 3% of the total market of a particular industry, you would probably think that the business is not doing very well. So I was just producing a super conservative estimate. Consider that Starbucks had 39.8% of the market share of US coffee shops in 2016.

[Anonymous No.8498627]

>>8498419
Somebody please save that video so that when ChainLink moons and this brainlet deletes it from Youtube, we can use it as a educational tool

[Anonymous No.8498667]

>>8498565
if it gets to that point i can be the youngest billionaire in my country. not even joking.

[Anonymous No.8498671]

>>8498606
thank you, you've given me more hope. I keep buying link with my meager income (independent contractor).
every day the mail comes and no check, i die a little on the inside. (waiting on 2 checks atm)
I put 80% of my expendable income into link. it's not much but my stack is decent now.

thanks for the thread op. >>8498569
and thank you for the well rounded addition.
i never trust people who blindly state things. if you can play both sides, you're worth your salt. im going to go for a jog now, fresh air..

[Anonymous No.8498676]

>>8498528
Salesforce had captured 60% of the CRM (customer relationship management) market in 2016.

So yeah you tell me if 3% seems reasonable for LINK.

[Anonymous No.8498695]

>>8498606
>>8498318

you're actually wrong about that, chainlink will charge a set fee for a job. Oraclize currently charges 1c for an api call.Chainlink will probably charge more. Anyone who thinks the network will charge a set % or node operators will be setting a % of the contracts value has brain damage.

This is potentially big but that's not at all how it will be valued.

[Anonymous No.8498730]

>>8498318
we all gonna make it marines

https://www.youtube.com/watch?v=3eRBFkxgG7g

[Anonymous No.8498736]

Also stuff like this dispells the fud about the data source being hacked making the network unreliable.

Smart contract writers won't just point the nodes at random APIs that they have had previously no interaction with. They'll contract them and have a business relationship with professional providers who can guarantee no downtime and guarantee they won't be hacked.

All the pieces are coming together.

Salesforce for APIS, Docusign for verified legally binding signatures, etc. Sergey has attacked this from every possible angle.

[Anonymous No.8498745]

>>8498695
You're having a completely different conversation with people that aren't here

[Anonymous No.8498748]

>>8498318

[Anonymous No.8498749]

>>8498329
Post ranks

[Anonymous No.8498781]

>>8498695
Wrong about what, specifically? Don't understand what your point is.
The amount of Oraclize jobs per day and the 1 cent that they charge has nothing to do with my valuation calculation. I just brought it up to show that the total API economy is huge (billions of requests per day) but connection to smart contracts right now is tiny (thousands per day via Oraclize). The fee that LINK will charge has nothing to do with the valuation of the company. The fee that LINK will charge will be used to maintain the network anyway, Sergey said so.

[Anonymous No.8498790]

>>8498736
>Salesforce for APIS, Docusign for verified legally binding signatures, etc. Sergey has attacked this from every possible angle.
This guy gets it.

[Anonymous No.8498839]

>>8498318

So much is riding on the DocuSign collaboration. I listened to the SXSW panel a few times, and I'm really just holding my breath on Link exploding. Perianne Boring and Docusign associating with Sergey is insanely bullish, but I wonder how big Boring's interest is in Chainlink itself, as well as Docusign's... Because sure, they are definitely interested in smart contracts and Blockchain, but is Chainlink really the golden goose here?

[Anonymous No.8498880]

>>8498781
You can't say it will be x% of the value going through the smartcontracts is the point. The amount charged for accessing the network will be orders less than the value going through the smart contracts, and never just a straight percentage. Saying if it can capture 3% of the market is retarded basically.

[Anonymous No.8498933]

>>8498839

[Anonymous No.8498963]

>>8498880
>You can't say it will be x% of the value going through the smartcontracts is the point.
I don't understand your point. I never said this. I'm saying that if ChainLink can capture 3% of the API economy, then it will be worth $188 per token. This does not take into account the value of the smart contracts being executed. The fee that LINK charges and the value of the smart contracts have nothing to do with market share of API economy.

Market share means what percent of the market a particular business is in control of. For example, when you start a new business, you consider the total size of the market, and whether you can capture part of it, ideally you want to capture 100% right? So then you'd dominate the market.

Either I'm massively misunderstanding your point, or you don't understand what market share means

[Anonymous No.8498966]

holy shit

[Anonymous No.8499063]

>>8498880
>>8498963
Actually I think I understand what you're saying. You're saying that the market share that ChainLink could capture should be defined based on the fee they charge, not on the market cap of the token/network? I dunno man, I think basing it on the value of the network makes more sense than the fee they charge. Sergey doesn't want the fees for profit, he said so. Just to maintain the network. The valuation based on the overall API economy reflects the amount that node operators will charge for a job... not the extra chainlink fee.

In any case, 3% is so, so, so conservative that I think it's a fair estimate

[Anonymous No.8499109]

We're all gonna make it /biz/bros

[Anonymous No.8499178]

WE ARE ALL IN THIS TOGETHER

DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!

THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!

VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!

[Anonymous No.8499185]

>>8499063

>If ChainLink can capture just 3% of the $2.2 TRILLION global API economy, that gives it a market cap of $66,000,000,000 - 66 BILLION.

You don't give any mechanism by which the chainlink network captures this share of the marketplace. It's just a random "it could capture 3% of this market that it will serve." Where does that come from? (i know 3% is just an example). It's just an arbitrary valuation, when in fact we do know how it will be valued.

The token will be valued based on the returns that node operators can get from operating nodes. The returns are based on the fee that they can charge, and the node operators are paid per call or per contract (we don't know which yet). This has nothing to do with how much money each contract represents, only how much work the nodes are asked to do.

[Anonymous No.8499365]

>>8499185
>The token will be valued based on the returns that node operators can get from operating nodes

not necessarily. the market price of the token doesn't have to reflect real world value. we are in a massive speculative bubble after all.

[Anonymous No.8499371]

>>8499178

[Anonymous No.8499476]

>>8498318
I can only get so erect

[Anonymous No.8499508]

nice just bought 100k

[Anonymous No.8499624]

>>8499185
>You don't give any mechanism by which the chainlink network captures this share of the marketplace.
Capture of market share is a standard way to value a business.
>https://www.investopedia.com/ask/answers/033015/how-do-i-determine-particular-companys-market-share.asp
>A company's market share is its sales measured as a percentage of an industry's total revenues. You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period. Use this measure to get a general idea of the size of a company relative to the industry.

You seem to think that market share of a business is not equivalent to the market cap of a cryptoasset. Yeah I agree it's not exactly the same thing but I still think it's fine to equivocate them for this kind of calculation. Let's say LINK does get 3% of the market share of API economy - by what process would you link this to token valuation? I choose to do it by market cap because it makes sense intuitively plus that's how to calculate token price.

Also the token value won't be based on returns, because of the decimals. The amount that node operators can charge will be measured in $, which LINK can adjust for with all the decimal places.

My logic is that value of the token is a function of market cap. So to predict token price in future we need to make an estimate of market cap. I make the estimate based on % market share. How else would you estimate it?

[Anonymous No.8499738]

>>8498736
This, brainlets think that Chainlink nodes will be connecting to some bottom of the barrel APIs that some le hackerman can easily get into lmao.

[Anonymous No.8499757]

>>8499624
You're operating on a pretty low level. Try studying traditional finance and come back.

>>8499365
Yes, which is fine and great, look at what ripples done with just a few pocs. This op was trying to find out a fundamental valuation though.

[Anonymous No.8499760]

[Anonymous No.8499763]

>>8498318
Great, now imagine the price per coin if 900MM of the 1B total supply is staked on the hundreds of thousands of oracle nodes. What does that do to the price of the remaining 100MM in circulation?

[Anonymous No.8499787]

Soon

[Anonymous No.8499799]

>>8498318
wtf is an API economy. I'm a senior software engineer and idk wtf this means

[Anonymous No.8499802]

>>8498569
If no one is talking about it then maybe it’s not a big deal like we hope.
Are we all gonna make it?

[Anonymous No.8499804]

>>8499757

Wow nice rebuttal. Just sold 100k.

THANKS

[Anonymous No.8499835]

>>8499757
>You're operating on a pretty low level. Try studying traditional finance and come back.
No. If you're so smart then why don't you tell us a better way to value LINK tokens based on the size of the API economy. I'll wait.

>This op was trying to find out a fundamental valuation though.
Not really, just an estimate based on the size of one of the industries that ChainLink will be capturing.

[Anonymous No.8499839]

>>8499799
A senior engineer who doesnt know how to google? How do you even hold down your job.

[Anonymous No.8499852]

I am erect

[Anonymous No.8499858]

>>8499799
here you go brainlet.

[Anonymous No.8499871]

>>8499763
Then it would be $660 per token

>>8499799
Google?
https://www.mulesoft.com/resources/api/what-is-an-api-economy
If you're invested in chainlink you should have an understanding of what an API is, since chainlink aims to connect APIs to smart contracts

[Anonymous No.8499891]

>>8498432
>Salesforce somehow tied to chainlink.

Wow this is some really great info. If you have to draw new dots to connect to make the picture, then you're obviously deluded...

[Anonymous No.8499900]

>>8499891
DYOR newfag. salesforce being connected to LINK is common knowledge at this point.

[Anonymous No.8499904]

>>8499799
LOLLLLLLL you must be trolling. Fuck outta here

[Anonymous No.8499909]

>>8499891
Dimitri Roche
Twitter

[Anonymous No.8499923]

>>8499891
Don't worry anon, you can buy the news.

[Anonymous No.8499924]

>>8499835
you're just getting defensive because you think I'm trying to "fud" link. I get it, it's a touchy subject for people who can't argue convincingly about it. But I'm not, I'm just pointing out that you are an idiot.

[Anonymous No.8499965]

reminder that banks need LINK in order to stay relevant in these trying and changing times. YET another use case in this ever changing landscape of the industry

[Anonymous No.8499985]

>>8499924

Again, no rebuttal. Just name calling. Why are fudders so dumb?

[Anonymous No.8499990]

>>8498569
why do people think that smart contracts are going to be a thing? after years there is still no worthwile use case in sight

[Anonymous No.8500022]

Well, salesforce's CEO has actually invested to Datawallet

Dont shill your chainlink shitcoin

[Anonymous No.8500042]

>>8499990
you must be new here.
infrastructure was never fully in place for smart contracts to take off. its in an entirely different niche than the blockchain/bitcoin bubble. we've barely scraped the surface of it.

[Anonymous No.8500054]

>>8499924
Im not defensive. I want you to tell me a better way of calculating market cap and therefore token price based off the size of the API economy and the importance that chainlink will have within that. Tell me how you calculate that better than I did in OP.

[Anonymous No.8500071]

>>8498695
>chainlink will charge a set fee for a job
What the fuck are you talking about? Smart contract owners determine the price they're willing to pay for data

[Anonymous No.8500142]

>>8499990
because I put all my money into chainlink, I hopeit will pay off.

[Anonymous No.8500154]

>>8499990
see pic related

[Anonymous No.8500214]

>>8498736
My mouth is watering. Am I in a dream right now?

[Anonymous No.8500222]

>>8499990
>why do people think that smart contracts are going to be a thing?
Chainlink is literally a step forward towards the goal of making smart contracts mainstream.

[Anonymous No.8500235]

>>8498318
Do you think mule soft will continue being called mule soft after the acquisition? It's probably an aqui-hire situation. They want engineers. If they ever wanted to hire a fat Russian I'm sure they'd jump for chain link, but if they did they would NEVER use the link currency. BTC had child porn in it FFS the only reason link doesn't have CP in it is because nobody fucking uses it.

[Anonymous No.8500323]

>>8499900
dem digiz do ddddd

[Anonymous No.8500344]

>>8498419

This is pretty pathetic desu

[Anonymous No.8500354]

>>8498318
>$188

Just kill me already.
1000 EOY!

[Anonymous No.8500381]

>>8500222
One thing smart contracts need is traction in the business world. If every company that used Salesforce implemented smart contacts you would see the concept of smart contracts explode.

Anyone can create a smart contract system and sales force has all the engineers they need.

Chain links smart contract system will never gain traction

[Anonymous No.8500440]

>>8499891

He's right and you are all faggots for the retarded "connections" you make based on some guys Twitter follows.

[Anonymous No.8500453]

>>8500381
It’s not a “smart contract system” my friend. ChainLink is a decentralized oracle network that can deliver off chain data to smart contract platforms securely

[Anonymous No.8500500]

>>8500235
>link is a blockchain
You fudders expose yourselves so easily it's scary

[Anonymous No.8500503]

>>8500381
And what do you think Sergey has been doing all this time? Are you a brainlet or just pretending?

This is some stale November 2017 FUD

[Anonymous No.8500522]

>>8500381
Does no one read the white paper?

[Anonymous No.8500524]

Chainlink has fuck all to do with this

Good luck carrying those bags pajeet

[Anonymous No.8500588]

>>8500524

The poor fags are so fucking scared that they are going to get left behind... AND THEY ARE.

Sorry faggots. You don't have enough time to accumulate with your McDonalds paycheck.

[Anonymous No.8500609]

>>8498357
Yeah I'd have 5.6 million. Looks like I need to increase my stack. You need 100k link to make it. It'll be a long shot to capture 3%. That's a lot for emerging tech. I'd like to bank on <1%. Basically all this tells you is that you need to increase your stack asap

[Anonymous No.8500647]

>>8500022
sauce?

[Anonymous No.8500674]

>>8499835
>>8499185
OK, you think that the price of the token doesn't come from market cap, which is based on market share of the API economy. You think the price of the LINK token comes from the amount that node operators will charge for their services.

In that case, token price is a function of the number of API requests per day, and the amount charged per request.

Oraclize charges 1c minimum and claim to do "thousands" of jobs per day. If they do 2000 jobs per day, they make $7000 per year, minimum.

Many companies see billions of API requests per day. These are companies like Facebook, Twitter, Google, Netflix etc.

ChainLink obviously won't have Google and Facebook running a node selling their API data. But any business that does choose to monetize their API to smart contracts through chainlink will run 100% of their APIs through the node. So the token price would be based on how many API requests these businesses get.

Docusign says for their API that "You may not exceed 1,000 API requests per account per hour". Lol, ok so 1000 per hour is 24,000 a day, times 1 cent per job is $87,600 per year per node operator. With 19,000 node operators (Sergey's number) serving 1000 API requests per hour by your logic that's a market cap of $1,664,400,000 and so a token value of $4.75. But then the token value doesn't really matter to retail investors because you'd be earning 84 grand a year passive income from your node

[Anonymous No.8500680]

are u guys retarded, do you even know what an api does and what salesforce does? lmao

[Anonymous No.8500730]

>>8500609
But what about the estimates that 10% GWP will be in cryptoassets by 2020? Logically, wouldn't this mean that 10% of the API economy will be captured by smart contracts?

10% of GWP in blockchain won't be because of the "store of value" meme, not entirely, most of it will be because of adoption of smart contract/DLT tech

[Anonymous No.8500741]

>>8500609
100k to "make it" is grossly pessimistic, unless "making it" is in excess of 10MM.
If chainlink becomes the industry standard oracle, and smart contracts actually reach mainstream adoption by banks, casinos, insurance, and whatever other use cases we haven't thought about yet, than we could very very easily see the price per chainlink in the multiple hundreds. By that time, of course, the market cap of cryptoassets will be in the trillions.

also, is >than we could see
correct? I'm not sure if that should be "than" or "then"

[Anonymous No.8500759]

>>8500680
please elaborate, I'd like to hear your thoughts

[Anonymous No.8500808]

>>8500453

Chainlink doesn't fucking exist yet and neither do any of these partnerships faggots

[Anonymous No.8500842]

>>8500808
Irrelevant, that is what chainlink does and will do when it's out. Literally only a handful of any cryptoassets actually have a working product right now. Partnerships (users/node operators) do exist but we don't know who they are although we can guess.

[Anonymous No.8500929]

>>8500730
>>8500759
I'm confused, Gross world product was $78.28 trillion in 2014. 10% of that is $78.28 billion. but crpto mcap is already bigger than that, isnt it???

[Anonymous No.8501012]

>>8500674
much better way of thinking about it than the retard op

[Anonymous No.8501015]

>>8499924

holy shit thats literally not even a counter point. i dont hold any link and was genuinely curious what your response was going to be but fucking wowee you just came off like a huge retard with that one

[Anonymous No.8501095]

>>8500674
https://www.reddit.com/r/LINKTrader/comments/846vm5/rapidapi_an_api_marketplace_that_processes_400b/

Rapid API does 400 Billion API calls per month. Let's say 100% of those went through a chainlink node. Same maths, it's $137.14 per token

[Anonymous No.8501098]

>>8500929
>10%
>10 per cent
>10 per 100
>10 for every 100
>divide by 10
>divide by 10
>”10% of $5,000 is $0.005”
>the absolute state of
/biz/

[Anonymous No.8501114]

>>8501012
I am the op you nigger

[Anonymous No.8501115]

>>8499839
Senior doesnt mean competent, just more years

[Anonymous No.8501152]

>>8501012
Instead of just calling me a retard why didn't you post this calculation? I guess you were trying to bait it out of me because u were too retarded to do it yourself.

I still think % of market share makes more sense because token price has no bearing on the amount charged because of muh 18 decimals.

[Anonymous No.8501154]

Software Engineer here

Am I missing something. What is so special about an API? You ask a server for something, you give it some parameters, and it returns a result to you.

What the fuck does "making APIs externally available" even mean? The whole POINT of an API is to make something available remotely...

Am I a brainlet?

[Anonymous No.8501177]

>>8500842
>doesn't exist
>irrelevant
>irrelevant
>irrelevant
>irrelevant
the state of linkies

[Anonymous No.8501197]

>>8501154
Monetization of APIs is now becoming a thing, hence API economy
Lots of businesses have all this data that they are now gonna start monetizing through web APIs
A certain proportion of those will monetize them via selling them to smart contracts

[Anonymous No.8501223]

>>8501177
>chainlink is a decentralized oracle system
>chainlink doesn't exist
Yes it does, chainlink is a decentralized oracle system

[Anonymous No.8501240]

>>8501154
Uber. Needed gps, payments, and SMS. They couldn't have existed until those API's were built. Uber wasn't imaginable before this. ChainLink is building the middleware so companies can innovate. There's going to be revolution business that come out of this that we never imagined because the possible use cases are endless.

[Anonymous No.8501258]

>>8501240
Uber could have easily licensed GPS technology and contracted a payment provider, and written their own messaging platform

[Anonymous No.8501260]

>>8501152
because it's a lot to type out and it's all guesswork and extremely speculative until we know more numbers about how much link will affect reputation, how much link smart contract writers will want for collateral, how much using the network will cost, how many nodes contracts will typically require, etc., let alone the fact that it's not like the network will launch full use.

[Anonymous No.8501264]

>>8501197
Uh, a lot of APIs are already gated off and you pay per usage or per month.

[Anonymous No.8501286]

>>8501264
Yeah, there are different ways of monetizing APIs already (see >>8498569) but right now they aren't being fed into smart contracts

[Anonymous No.8501308]

>>8501197
Also,

>monetization of APIs is NOW becoming a thing
Uhhhh how do you think the financial or advertising industry has been working for the last 15 years

[Anonymous No.8501323]

>>8501258
Correct. They would have needed multi multi multi millions to start up their company. It was just like the internet. Before you needed a 500k-1MM to start up a website e-commerce business. Now you only need a couple thousand if not hundred because of the middleware technology that has been built to make it plug and play or drag and drop.

[Anonymous No.8501437]

>>8501323
>Correct. They would have needed multi multi multi millions to start up their company.

>licensing GPS and writing a simple payment processing and SMS application costs millions

actually it doesnt, in fact, most phones come with out-of-the-box GPS functionality

[Anonymous No.8501563]

>>8500500
the meme energy (ME), built up in anticipation of the Singularity, acts as a type of neutralizing counter energy against LINK FUD...hence the closer we get, the stronger the ME's power against fud...hence brainlet-tier fud. Fuck nootropicat too. $10l LINK 2020

[Anonymous No.8501565]

Whats the upside of using crypto when you can just charge monthly for api access. Salesforce is a crm, api is already available for people using things like sugar.. You can run salesforce as standlone internally or host on cloud. Most people would host internally because its cheaper.
Are u ppl trying to say salesforce will sell their client information through an api tied to link?? Are they even allowed to do this and why not just do monthly payments as they will probably make more that way. Pay per use api does sound cool though

[Anonymous No.8501699]

>>8501565
Don't forget, blockchain is lightyears slower than just using an API normally with authentication

[Anonymous No.8501724]

>>8501308
What I mean by "now becoming a thing" is that API market is growing and growing rapidly in terms of number of public APIs available and Requests per day. This is seriously not a point of contention. Multiple sources you can just google. Pic related. also psd2.

[Anonymous No.8501760]

>>8501565
>>8501699
But how would they connect API to a smart contract? We're talking about monetizing APIs in an entirely new way, by feeding to smart contracts

[Anonymous No.8502563]

>>8501437
Yeah in 2018 kek.

[Anonymous No.8502619]

>>8501724
OP appreciate your effort and informative research. 100% on to something big. Smart contracts are the future and ChainLink is the bridge.

[Anonymous No.8502667]

>>8498318
>Salesforce just bought, for $6.5 billion, Mulesoft Inc.,

Hmmm, why would a company that sells things need to buy a company that helps you harvest data from more sources? Privacy is dead.