some key quotes: >During our years working on oracles, a dissatisfaction slowly brewed at the back of our minds.
>This oracle technology that was supposed to remove the middlemen, in fact, only supplanted them with other middlemen.
the moneyshot: >While everyone is playing within the illusory rules and constraints of the oracle problem, we realized that we have the means to cut the Gordian knot and must take this simple yet daring step: use first-party oracles.
>Failed CLG/Honeycomb (now API3) I guess they were mad that they weren't included in the team meetings and discussions
they were also absent from smartcon their public ICO was a failure linkpool is going to do what they intended to do and they are now trying to undercut chainlink and have nothing but criticism for the project
they're saying that "decentralized APIs" are the real issue >It’s one thing to be bothered by a problem, it’s quite another to be able to accurately define it. In our case, once we came up with the solution, we were able to see the original problem with new clarity. Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide. The solution is to use first-party oracles — oracles operated by the API providers themselves.
LIARS: cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator >A subsidiary of Deutsche Telekom called T-Systems has become a Chainlink (LINK) node operator >Although initially T-Systems will be just a node operator, telecom-specific use cases for blockchain tech — such as roaming settlement — are being considered, according to Dudka. >Gleb Dudka, Analyst at T-Systems MMS told Cointelegraph that the company believes it is responsible for supporting public network infrastructure: >“You could even say duty as a telecom company to be a public blockchain network infrastructure provider.”
Chainlink overcomes the oracle problem and enables data providers to easily sell their data directly to all blockchains, without committing any additional resources or operating any new infrastructure. In this post, we’ll describe the two methods in which data providers can utilize the Chainlink software and its oracle network to quickly monetize their data for use within all blockchain networks.
1) Sell Using Existing APIs- sell your data to the Chainlink Network in less than an hour without any modifications to your existing business model or backend infrastructure
2) Provide More Reliable Data - sell even more data by launching a node on the Chainlink Network in a few hours, providing you with new data signing capabilities that increase the reliability of your data within automated blockchain-based solutions
Knowing the challenges of introducing new infrastructure to an already established and expansive data/API economy, Chainlink was designed from day one to be fully compatible with existing legacy data and API infrastructure without requiring any back-end modifications or business model overhauls.
KEY TAKEAWAY THAT DIRECTLY REFUTES AP3's SLANDER AGAINST CHAINLINK: In addition to this approach, we also make it very easy for existing data vendors and API providers to operate their own Chainlink Node (Oracle) as a means of expanding their product offering and selling data directly to smart contracts.
These two highly complementary ways of using Chainlink provide maximum flexibility for existing data vendors and API providers wanting to get blockchain enabled and further monetize their data infrastructure.
1) Use the Existing Chainlink Network to Quickly Start Selling Data
2) Join the Chainlink Network to Sell More Reliable Data
PIC RELATED
now let's contrast it with Burak's statement: >During our years working on oracles, a dissatisfaction slowly brewed at the back of our minds. This oracle technology that was supposed to remove the middlemen, in fact, only supplanted them with other middlemen. The API services available on the blockchain were being served by third-party oracle node operators, who were in turn being hand-picked by a centrally governed authority — the meta-middleman.
>Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide. The solution is to use first-party oracles — oracles operated by the API providers themselves.
>During our years working on oracles, a dissatisfaction slowly brewed at the back of our minds. must be the fact that you realized Sergey knows you're greedy scammers and cut you out of the technical discussions you can taste the saltiness reading their medium posts
this is just the beginning of the chicanery and attempts to attack and take down the chainlink project
>Current oracle implementations depend on third-party oracles; that is, oracles operated by entities who don’t own the data or services they provide. The solution is to use first-party oracles — oracles operated by the API providers themselves.
Our audited software is very easy to operate and we can help you quickly set it up to start selling origin signed data to smart contracts on every blockchain. By signing your own data with Chainlink Core node software, users have strong guarantees about the origin of the data, allowing systems to rely on it to automate the execution of large value contracts. Without such capabilities, it’s extremely difficult to develop automated business processes at scale or for high value use cases.
I warned Sergey that there would be infiltrators pretending to be team members and working for the interests of the project, but some people are overtaken with greed and envy and decide to sell their loyalty to the highest bidders like mercenaries we see it all the time >pic related
> In contrast, API3 focuses on the API connectivity problem, which is specifically concerned with interfacing Web APIs to smart contract platforms in a decentralized way. This narrowed-down definition of the problem allows API3 to reach a more optimal solution.
>What is a first-party oracle?
>Oracles are commonly used to interface Web APIs to smart contract platforms. If the oracle is operated by the API provider, it is called a first-party oracle. If the oracle is operated by an independent middleman, it is called a third-party oracle. First-party oracles are more secure and cost-efficient compared to third-party oracles due to the lack of a middleman.
debunked by the chainlink blogpost and the t-systems use case (linked earlier in this thread)
it's funny too because I'm in the process of establishing a first party oracle with chainlink related to "smart meter" applications for the electrical grid
API3: dAPIs are composed of first-party oracles operated by API providers essentially the API provider is also the oracle but they coin the term (((dAPI))) to mislead and misconstrue and claim that the oracle problem is actually the api problem
WRONG
the oracle problem is the measurement problem (as outlined in quantum physics)
it's still a work in progress, we're only at the beginning stages of construction, once it's done then I intend on doing a pilot project/experiment and from there we work out the kinks and bugs and move on to scaling it up and monetizing the data and feeding it into smart contract applications I had the privilege to even have a couple conference calls with the engineering and business development teams of chainlink and they were really responsive and helpful looking forward to finishing the work next year
42 thread. Is this reverse shilling? Is this a wink wink
Charles Smith
>warosu.org/biz/thread/14514053 Yeah he's a turk, still a scammer and probably the one behind Zeus imo. No one used Honeycomb. All of their points are flat out lies. This is a money grab since Sergey didn't want to give them any and prefers working with LinkPool and COR and not greedy dickheads
Luke Wright
>Is this reverse shilling? I heard rumors about clc group abandoning the project about a month ago seeing this chicanery with API3 made me create a thread to warn other link marines and to warn the chainlink team themselves
Checked. I’m sure the link world class team doesn’t really care of a small startup. Thanks 42. I’ll probably read the wp this weekend for shits and giggles.
Parker Bell
hey 42, you're not going to support a fellow balkanese?
lol there's another Sasha who has been spamming Zig Forums with her nudes and I'm an equal opportunity discriminator, I know all too well the scams that come out of the balkans
>implying that chainlink post wasn't a direct response to api3
>check the date on the whitepaper release fren September 2020
>I’m sure the link world class team doesn’t really care of a small startup just another bump in the road it's a shame though, I always get disappointed in people Eric was another disappointment