/biz/ - Business & Finance

The momentum of the cryptocurrency space has snowballed exponentially over the past decade. Each market cycle to this point has brought a cornucopia of new strides and breakthroughs in blockchain technology. The rapid growth has led to immense profits for an uncountable number of long-term participants.

Adoption continues to spread with increased institutional backing and consumer payment channels. Indeed, all signs point to cryptocurrencies reaching a new plateau on the stage of global commerce. An essential question must be asked at this transitory junction in what appears to be the early stages of another bull market. How far will profit allow the underlying blockchain technology to deviate away from the roots of its essence and justification? There is no better source to reflect upon than the Cypherpunk Manifesto.

That which ages among the best is that which only becomes more biting and significant over time. Originally published by Eric Hughes in March of 1993, the Cypherpunk Manifesto has a short, sweet, and directly to the point message with an especially understated foresight about it that’s decades ahead of its time. It is a must-read for any digital native. It emphasizes the essence of digital privacy, decentralization, censorship-resistance/immutability, and the freedom to remain anonymous at-will. It argues that these principles be made manifest for any form of communication or commerce. Its backbone lies with every individual coder who cherishes the fruits of civil liberties and dares to counter and obsolete the many intrusive and invasive forms of technology with open-source, cryptographically effective solutions for the greater good of society.

>>25999061
>>25999081
token not needed, and the project is pretty much dead

>>25999081
These were the principles that Bitcoin was constructed with and designed to honor. While its inherent technology stays true to this nature (mining aside), the infrastructure that has been built up around it is flawed by design and sacrifices a good number of strengths and freedoms. Most notably are the many vulnerable points of exchange run by central authorities on trust where funds are at risk to be frozen or stolen, KYC (know your customer) policies, and the traceability, restrictions, and risks that come from these two points.

Shortly after BTC found a value that could be directly pegged to the USD (and with the USD, every global currency), a number of exchanges offering trade between the two opened for business. The first of these exchanges was the infamous Mt. Gox which implemented KYC policies by 2011 before exit scamming in early 2014. KYC policies were initially introduced to comply with the many regulations regarding the exchange of various fiat currencies for crypto in addition to demanding a deeper sense of customer accountability. Up until the point that they were introduced, the only sure way it would have been possible to trace specific addresses is if the recipient publicly disclosed their wallet address. KYC brought a considerably more advanced form of traceability with it. In addition to e-mail addresses and bank accounts, everything from names, addresses, full ID info, and pictures of each and every customer became tethered to their respective deposit and withdrawal history. Though somewhat convoluted with the nature of exchange wallets, there are patterns that can be followed and traced.

As BTC continued to grow, so did the number of its forks and competing cryptocurrencies pegged to its value in satoshis. The forks grew to be numerous and with them, the number of centralized C2C exchanges where you could trade them for BTC. Like the fiat-to-crypto exchange points before them, KYC was implemented on numerous C2C exchanges as well.

>>25999081
>>25999129
Centralized exchanges of all sorts are perhaps the weakest link in entire cryptocurrency space. They have repeatedly proven to be weak in terms of security. This year alone, the following exchanges have been compromised: Binance, Bithumb, Coinbene, Coinbin, Cryptopia, and QuadrigaCX. What’s worse, they’ve sacrificed many of the core principles of the cypherpunks that built Bitcoin in the first place.

How can crypto be censorship-resistant and immutable if exchanges can decide to freeze funds or put a certain wallet into maintenance at whim? How can it be private if every account has every bit of trade, deposit, and withdrawal history it has done tethered to its name? How can it be anonymous at-will if full documentation is demanded, sometimes as a ransom for frozen funds? How can it be secure when billions of dollars have been hijacked from weak security? It could be argued that these exchanges are the antithesis of the cypherpunks: an easily-exploitable honeypot of funds and user data with a central authority.

>>25999081
>>25999129
>>25999165
Consider the efforts of the X9 Developers building Stakenet. True to the nature of the cypherpunks, they have been working to make these numerous vulnerabilities in the cryptocurrency infrastructure obsolete. To strengthen censorship-resistance and decentralization in this space, they have been implementing an immutable and purely decentralized exchange into their network where no central authority can freeze funds, where exit scamming is impossible, and where security is as tight as the blockchain technology it runs atop. To restore the principle of at-will anonymity, their immutable DEX will have no KYC, nor will it require registered accounts. In the interests of privacy, they have built a solution that allows for one-click TOR lightning swaps that strengthen the privacy of every participating coin and the Lightning Network itself. To strengthen the nature of the decentralized exchanges that are already out there, they are working on a DEX aggregator that pools together the offerings of many promising DEXes suffering from low volume or difficulty of use.

>>25999081
>>25999129
>>25999165
>>25999202
Put briefly, this team has the foresight and skill to acknowledge and address the numerous risks and shortcomings that anyone coin may face the second it is sent from a private wallet to any other point in trust. They are compounding these solutions into one streamlined and convenient wallet where funds are firmly secured, trustlessly staked, and instantly tradable from one singular point.

To build up the world of cryptocurrency is to honor the ways of the cypherpunks and carry on their torch. It is to fight for freedom from the intrusiveness and corruption of centralized authorities by obsoleting them. It is preserving the privacy of funds, resisting mutability, and decentralizing any and everything which stands to benefit from it. Whether that be a store of value, the means by which that value is secured and traded, or the platforms on which these mechanisms are discussed. This era of mass-censorship, intrusiveness, digital balkanization, and monopolies from many of the premier digital spaces not only shows how right they were 26 years ago but that there is still a considerable amount of work to do.

>>25999110
Thanks for the bump

(X) I know DEFI is the entire purpose of crypto. Its why btc was created. So we can be our own bank.

(X) I know BTC did not succeed because it didn't scale and for btc to succeed now it requires lightning network. For similar reasons, I know for eth to succeed, connext is required.

(X) I know a DEX with atomic swaps is too slow to be commercially feasible. A lightning and connext dex is required.

(X) I know people are fearful of trading on CEX due to situations like Cryptopia and Quadriga.

(X) I know XSN is the only project with a true dex integrating lightning and connext. It will allow people to trade peer to peer directly from their computer. They always hold their coin. Never transfer to an exchange.

(X) I know XSN has an actual working product available for public beta testing, and full launch date being announced this month

(X) I know XSN is not a project that talks. They just do. I don't have to worry about an exit scam.

(X) I know XSN masternodes will process transactions on the dex and will receive the fees.

If all of the above are true, my masternodes will fucking buy me a nice big boat and quit wagecucking.

If Bitcoin begins to soar again, it's going to need a powerful Lightning solution or it will quickly become lethargic and expensive to send money with.
On-chain tx bandwidth needs to be ruthlessly optimized with priority to large sums of money. Sending $1 million? Do it on-chain and screw the fees. Buying a beer? Lightning.

If done right, Lightning channels can handle the heavy load of small, irrelevant txs, freeing up the pipeline for tx that genuinely need the benefits of on-chain.

For Lightning nodes to do this effectively, they need liquidity. That source of liquidity remains a subject of controversy, and rightly so.
It burdens the end-user to provide their own liquidity in a way that's inconvenient and hardly profitable, which beckons centralization on a massive scale.
In other words, you either have something that's decentralized and doesn't work, or something that's extremely centralized and works well. 1000s of water pumps atop 1000s of drying and shallow wells that can't provide liquidity, or a massive water company that's monopolized the water supply. It could turn a desert green, but it could become corrupt and start ripping off the town.

What's the way forward? You can't change how LN was implemented on Bitcoin, but you can work with it independently.

Masternodes are excellent LN routers, namely because they're
>secure
>run 24/7
>evenly spread out all over the world
>provide collateral - "Alice and Bob" only have to worry about securing their wallets and making good backups

If you put an entire masternode network to the task of doing this, you get heavy collateral that provides serious liquidity for small off-chain Bitcoin tx.

tl;dr - LN flows like liquid, and your options to scale liquidity are
>1000 pumps on 1000 shallow wells
>a water company that holds the town hostage
>a deep underground water reserve that's in one pool, possessed by no one, directly accessible from the surface

This is what Stakenet has been building, /biz/. Don't miss out.

Sigh. Probs not gonna shill until later. Everyone is sleeping.

>As of right now the Lightning and Connext networks are entirely separate, but they can be joined through our Lightning DEX. Someone with BTC in the LN will be able to instantly swap it for ETH or USDT (all off-chain) making the Lightning DEX the first off-chain link for off-chain L2 solutions. By integrating the Connext network, Stakenet will also reap the benefits of its chain-agnostic features, becoming the cross-chain architecture for cryptocurrencies operating on separate blockchains.

>The Lightning Network DEX is only the beginning. As a code-agnostic platform, many dApps can be built on top of Stakenet. The potential applications for this are limitless, as this composability would offer smart contract applications many fascinating and exciting possibilities.

this coin will make me a multi-millionaire

>t. 360k XSN holder

>>26000655
Checked and based.

360k XSN will send you straight into the top 1% in the next 12 months.

>>26000655
I only have 75k XSN but if you become a multi-millionaire I'll be a millionaire so good luck

Estimated target end of 2021 for XSN?

Newfag. Just started lurking and decided to put all my savings into crypto
First investment was 2k of XSN tonight
Threw 500 into bonded finance and 1000 into Rubics
Have about 10k left to work with, looking at PRQ, AVAX, maybe LTO DEXG or RSR
Am I gonna make it? Advice on other coins to buy?

>>26001098
Go all in xsn

>>26001098
Diversification for diversification sake is a meme, and literally ever other coin you mentioned is a meme. I doubt any of them have a use case anywhere near as important as XSN, and if they did I would know about them.

I'm not going to tell you to go all in XSN but do your own research and don't buy shitcoins.

I’m buy this

is 4k XSN enough to make it?

>>26001458
probably not, but I bet you'll be able to buy a brand new car from it and have a little walking around money left

>>26001261
This is correct. I will say go all in link/xsn.
Link rank 1
Xsn rank 2
Is not a meme

>>26000960
Realistically I'll say $4

>>26001509
Fud.
>>26000960
$100 min

>>26000960
At a very minimum, I expect us to surpass uniswaps current valuation. That's roughly a 35x from here, putting us at $17.5.

I sent the stakies I bought to the cloud.stakenet.io wallet like 10m ago, still isnt showing up- normal?

can someone make a meme of the retard from Breaking Bad with a Stakenet logo on a black shirt? I've been dying to see that lately

>clickity clank, clickity clank
>my money goes into my
>piggy BANK

>>26001733
Checked. Yeah cloud takes a while to show it. Just give it an hour max.

What exchange should I use. Coinbase fag checking in

took me 25 minutes the first time I did it.

>>26001957
whitebit

>>26001763
If this retard knows to buy XSN you should too

>>26002119

Kek

>>26002119
>>26002163
>YOU GAVE OUR MASTERNODES TO BENEKE?

>>26002344
Kek

It's happening.

$10-$15 EOY in a blow out top is my prediction when you compare with other similar projects from 2017 and then add to it that we got much more fake money flowing in this time around

>>26001565
>surpass uniswaps current valuation
it's impossible without a working exange

>>26003383
>it's impossible without a working exange

It's a good thing a fully operational DEX will be here by the end of march then

>>26003000
>$10-$15 EOY in a blow out top

That correlated pretty well with my prediction here >>26001565 but that's still pretty conservative in an alt bull market. Do you remember 2017?

>>26003537
>It's a good thing a fully operational DEX will be here by the end of march
with all pairs on it?

>>26004095
Any erc20 token will be tradeable on the DEX, alongside BTC/LTC and other lightning/atomic capable Blockchains. I don't know which ones will be listed initially but all of the major pairs obviously.

Wait there arent actually people on /biz/ who dont even have a single masternode, right?

>>26004513
unfortunately iam poorfag and even going all in got me only couple of coins but this coing will get me to 4 digits when it hits 10 dollars so iam not too mad

>>26004513
we money darknet now

>>26004513
>>26004569
WE WILL BE CYPHERPUNK MONEY LAUNDERING CRYPTO CARTEL BARONS

>>26003611
Yes I do remember 17.
Thats why I'm setting the bar around 10-15 dalla.
That's where I think it could have landed had this been 2017.
So this time around the numbers has the potential to go much higher due to 100x more fiat gateways vs in 17.
But I like to stay conservative.

Can't overleverage myself for a MN but I'll end up with 4-5k XSN at least. Thanks for the useful info anons.

>>26004095
With native bitcoin trading.

>>26004884
I think we will hit $100 this year. 10 Billion MC is very low in a bullrun, also considering what xsn is building...

Soon @p*rnhub
1$ /xsn

>>26001565
>At a very minimum, I expect us to surpass uniswaps current valuation. That's roughly a 35x from here, putting us at $17.5.

this is the most realistic prediction.

Uniswap MC is our gauge.

>>26006606
I think it's unrealistic. Uniswap is capped by onchain congestion, stakenet does not have this issue.

>>26006627
I like to be very conservative in my 'realistic' estimates. I know uniswap will be made totally obsolete by XSN and equalling it's market cap is a certainty.

Lets not forget all the USD inflation we will see this year which will increase the volume of money entering crypto in more ways than one. At this point i think 2017 tier returns for XSN are very probable.

I dont want to just come across as a mindless shill but SHOW me the alternative. The market is in desperate need of this big picture solution and stakenet is the only thing close to providing it

>>26006830
I like to be hyper bullish, 100% of what i think the price will be. I think 2017 will be considered 'small' in comparison to 2021.

XSN AMA on sunday lads.

>>26004095
>>26004330
the closed beta already has btc, ltc, xsn, eth, usdt and will get dai and link in a few days. by end of march it should have all the major pairs

>>25999061
Do I need exactly 15000 xsn forthe node or a little more if I want to use their hosting?

>>26007788
15000 for MN, 150 for MNaaS and a bit to cover fees of sending XSN wherever you need to send it. Get 15500 and will easily be covered.

>only 1,040 XSN.

I CAN'T LIVE LIKE THAT!!!! SOMEONE SEND MY SOME XSN!!!!

>>26008931
>107
>iam all in
aaaaaaaaaaaaaaaaaaaaaAAAAAAAAAAAAA

>>26008931
It's always something anon, see it from a positive side. If the DEX and Hydra takes off for real $1000 price is not off the tables. Unironically. You might've made it in a few years.

>>26008931
sent ;)

>>26005830
I like it :)

How does selling a MN work out if it pumps and I feel like I need to get out?

>>26009877
You delete masternode conf file then you sell xsn?

>>26001098
are you just trying to buy every coin you've shilled over the course of one day?

because it sure looks like it.

AAAAAAAAAAAAAAND WE'RE UP! AHAHHAHAHAHHAHA

STRAP IN LADS

WTFWT!

>>26010464
can I get the card for this bitch

>>26010498
Anon you will need to ask around in the discord regarding "xsn-chan", I didn't make her.

>he listened to the FUD

>>26010830
62 cent buywall was eaten like a skittle

>>26011258
Nobody is wanting to sell right now, pretty much anybody wanting a masternode is going to have to pump it 8-10% to get in

>>26011350
thats why it is in price discovery. Most holders are waiting for $5+ so why would they bother sending any to sell at this price. The only XSN on exchanges until then are from day traders and that's why there is so little and every big buy pushes it up higher. When it is at $5 then there will be a lot more XSN available on the exchanges as early holders will be happier to sell at that point.

>>25999061
Damn, my card limit is reached. I guess I'm stuck with 14500 stakies until next month, but I'm gonna get my MN for sure.