Api3 general thread

Based

The main problem that API3 is addressing, is the problem of inherent centralization caused by generic oracle solutions. By acting as a first-party API provider for Web 3.0, API3 allows data sources and data requestors to be connected directly, without having to go through a middle-man. This next generation of Oracle will be referred to as a Decentralized API (dAPI for short). The fact that data goes directly from the source to the requestor, without going through a middle-man, means that it is more secure and also more cost-efficient than an alternative solution that employs middle men.

To breakdown why API3 is more secure than traditional solutions; Oracle networks essentially take data from multiple nodes and aggregate them into a single answer. This single answer is an aggregate of all node operators answer. This function is essentially a consensus algorithm. As with all consensus algorithms, it is susceptible to dishonest actors. Dishonest actors, or a group of them, can collude to skew the data, or even control it completely, to benefit themselves. See the recent example on Compound, where it appears that malicious Oracles skewed the data and caused $100m of liquidations due to a poor data feed (where oracles returned a DAI price of $1.30).

Api3 is most likely the best hold for 2021. Q1 will be one insane pump

MM?

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I can sense that API3 shills are the same as DMG.
It makes me feel a bit weird that LINKies are pushing this shit, like you bought Chainlink in 2018, made it, and are still shilling garbage in 2020?

Because api3 is the natural progression of oracles

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If you're referring to the dude above I'm assuming he was referring to a market maker. Whales that fuck around and manipulate a coin to try and create the ideal scenario for a moon mission later down the road.

Don't know if it's actually something that happens or just cope from people holding bags but you will see it referenced a lot around here.

any breadcrumbs? you guys are goin to need breadcrumbs... and lots of em...

people won't fall for that trick twice

The DMG shills were right. It did a 3x in like two weeks and everyone had plenty of time to get out at a profit.

There are two types of shill threads on here. The pajeet pump and dump brigade selling 200k market cap rug pulls, and the whale group shilling that needs a high volume coin to make their money off of. Long term plays that will double or triple in a month but don't have much of a long term future. SRM, COMP, AMPL, DMG, BZRX are all good examples. Guess which group will make you money in the long run.

Sure DMG is a joke now but anyone with a couple brain cells to rub together made their money on that one. Don't fall for your own hype. Every coin is a pump and dump outside of ETH and BTC just to different extremes. Learn how to tell the good from the bad and keep a suicide stack in case it turns out to be the next Link.

Pantera, Placeholder, and Digital Currency Group have invested. I'm sure they will take care of things

almost 50m cap for a whitepaper with no product

Wtf are you talking about? Have you looked up their Github? They have a fucking working beta.

Here's a video of it: twitter.com/API3DAO/status/1331905770343067648?s=20

yeah i noticed this.. this also made me look into the project more..

youtube.com/watch?v=JBw19P7-a2o

jake was in early on link also.

Welcome to crypto. It's at 30 mill by the way and can 3x without breaking a hundred million. Look at all the garbage with even 500 million market caps.

This will hit $10 like it's nothing.

bumperino

>Guess which group will make you money in the long run.
Neither? I guess I'm naive but I've never felt the need to shill anything I don't believe in long term. That's a very short list at the moment. But the DMG shill squad had early linkies who already have 6 figures or more. I guess some people are just always hungry for that next little bit.

I don't shill shit either. It's a waste of time. There's like 50 people on Zig Forums at any given time and 49 of them don't have half a BTC to their name and the guy who does isn't going to invest based on a few posts. The point I was trying to make is it's easy to spot desperation shilling vs. discussion shilling about people confident and interested in the concept. Just realize the difference and remind yourself to take profits, don't get caught up in all the hype when your coin starts pumping.

Bump

Man this coin is fantastic - we're actually gonna be rich folks

I've been contemplating buying this for a week. I've never gotten lucky with small cap crypto. I always get rugged. This one feels different, but I'm sure plenty of gamblers cope with that line every day.