/biz/ - Business & Finance

>Stakenet has built a true next-generation DEX solving many of the issues that currently plague the DEX industry, such as ever-increasing costs and transaction times. Stakenet has built their DEX from the ground up using time-tested Layer 2 technologies such as the Lightning Network and Connext Network.

>Using Stakenet’s technology it’s possible to make a layer 2 instant swap between BTC and USDT, and that’s just the beginning. Their tireless efforts have rendered them irreplaceable for crypto.

Key highlights of Stakenet’s Layer 2 DEX:

>It provides instant and virtually feeless cross-chain trading.
>Users retain full custody of their funds at all times as they own the private key for their wallet.
>Projects and users can run their own hub of the DEX which adds further liquidity to it and can support their chosen currencies.
>“Vortex” enables the DEX to share liquidity with other exchanges, both centralized and decentralized.
>It is run entirely on their decentralized Masternode network.
>The community members who run a master node will earn a share of the fees earned from the DEX.

>>26252376
>Layer 2 allows Stakenet DEX users to trade faster, cheaper, and more privately than any other DEX available today. Professional trading tools can also be used on Stakenet DEX opening the door for decentralized high-frequency trading. With Stakenet DEX there are only two “expensive” on-chain transactions. Moving your funds off of their main chain to Layer 2 and moving them back on-chain to their main blockchain. Once off-chain, there are no on-chain/gas fees and transactions are settled instantly making it ideal for high-frequency trading.

>With more users going towards Layer 2 solutions, Stakenet is a great choice because of its inevitable connection to all other chains.
>They’ve ensured their long term survival because of Bitcoin’s lightning network infrastructure. Any other project that implements the lightning network is instantly compatible with Stakenet.
Stakenet utilizes their arbitrage/liquidity mining functionality dubbed “Vortex” by their community which is connected to any Centralized Exchange (CEX) or Decentralized Exchange (DEX) that allows API access. Vortex allows users to trade on the DEX and access the liquidity within the other exchanges order books, such as Binance, by utilizing the instant transactions to complete orders on the opposing exchange with confidence.

https://medium.com/stakenet/bitfinex-exchange-listing-announcement-jan-12-2021-9745c885a170

>>26252308
Stakenet is a FORK OF DASH!!!!

DASH IS A FORK OF BITCOIN!!!!!

This is ANCIENT TECH and it's a UTXO chain. It can't handle complex smart contracts.

It's PURE SHIT!!!!!

Imagine buying DASH in 2021!!!!

Inb4 13 copy pasta posts about cypher punk gay shit.

>>26252442
>>26252477
Thanks for the bump

>>26252477
I wasn't going to, but you talked me into it.

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.

>>26252442
>>26252477
those anons are right, don't buy that shit
the team has like 6 people, they will not get any job done untill 2024 and by then it will be obsolete
give up

Haha this fudder is absolutely insane. He's there with dozens of posts in every single thread for how long, a year? His posts are quite coherent so he's deceptively thoughtful about trying to manipulate people. We're living in a strange world boys, i might put some pink floyd on an consider whether i'll dca more xsn, or get a bag of statera and prq.

>>26252537
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.

>>26252537
>>26252565
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.

>>26252554
thanks for the bump

>>26252558
I have been battling the same FUDer for over a year now. I know it's him every time because the text is exactly the same. I have unironically spent more time engaging with this mentally ill FUDer than i ever have with a woman. I dont know wether to laugh or cry at the absurdity of it.

>>26252308
Oi we got cum id in other thread.
>>26252522

>>26252537
>>26252565
>>26252596
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.

NOTICE THAT IT IS ALWAYS THE SAME 3 GUYS HAVING OVER 30 POSTS ON A XSN POST SHILLING IT INTO OBLIVION
I SAVED YOU MONEY, YOU ARE WELCOME

>>26252633
Checked and cumpiled.

>>26252554
It's already obsolete.

It was obsolete right out of the gate. It's literally the same code base as DASH. DASH is a FORK of BTC.

So you're buying 10 YEAR OLD TECHNOLOGY with this bullshit!!!!

It can't run complex smart contract logic because it's a limited UTXO chain. The COIN itself has NO VALUE because of this.

It's a SCAM project with good marketing.

And the team already exit scammed another project called PoSW. It's PURE SHIT!!!!!

>>26252651
Thanks for the bump

>>26252537
>>26252565
>>26252596
>>26252641
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.

>>26252633
good morning australia

>>26252697
cunt it's night time

>>26252671
Thanks for the bump

>>26252709
but if you're upside-down then night is surely day

>>26252671

Funny how you started the FUD spam right before the bitfinex listing was supposed to happen.

Almost as if you were hoping the price would collapse so you could buy more. Stop tricking newfags with your FUD

(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, FUDers will be swinging from lamp posts and Stakeholders will be sailing into the sunset on superyachts.

Friendly reminder.

Check the date on this post.

>>26252845
Now read this.

>>26252845
>>26252875
>Bitfinex are the only CEX(that im aware of) that have already integrated the lightning network and use it for deposits/withdrawals. They are one step ahead of the game.

>And im not sure if you've been paying attention, but bitfinex have been implicated heavily in the Tether FUD. I'm not going to go too deep into it, but there is definitely some legitimacy too it. anyone that been on /biz/ long enough already knew this however.

>Bitfinex is owned by iFinex, who is the parent company of both Bitfinex and Tether...

>When you start scratching the surface of iFinex, you find some very suspicious details.
https://amycastor.com/tag/ifinex/

>What i'm trying to get at here is - the owners of bitfinex are clearly motivated to obscure their business and financial operations, hide profits and evade taxes.

>Combine these skills with cryptocurrency , and inevitably you will be drawn to Stakenet. Many of us here have already described how Stakenet will be used world over to launder money in a completely untraceable way. Stakenet DEX will literally transform how easy it is to launder money.

>I would bet big that the owners of bitfinex have discovered stakenet and plan on taking full advantage of its capabilities.

Now see this post from last November (pic related)...

>>26252845
>>26252875
>>26252942
Notice how the FUD completely stops once you start posting just a little bit of info on XSN? The FUD'ers dont want to risk someone stumbling in here and seeing the contrast between the retarded FUD and the stakechad wisdom.

pls keep shilling i need to feed my family

>>26253232
thanks for the bump

>>26252845
>>26252875
>>26252942
There is NO WAY that the bitfinex deal isn't legitimate. What are the odds some larper got everything that specific back in last September? Too many coincidences.

>>26253293
Of course it's legit.

Why do you think they mentioned all this in their announcement of the listing?

>About Bitfinex
>Bitfinex was founded in 2012 and has always been at the forefront of technological innovation in digital asset trading.

>In addition to a suite of advanced trading features and charting tool, Bitfinex provides access to peer-to-peer (P2P) financing, an OTC market and margin trading for a wide selection of digital assets and derivatives trading. Bitfinex’s strategy focuses on delivering the best crypto trading experience for professional traders and liquidity providers around the world through the delivery of cutting-edge technology.

>Bitfinex not only allows users to deposit funds using on-chain transactions, they also launched support for the Lightning Network in 2019 which allows users to deposit and withdraw Bitcoin (BTC) using it as well.

>>26252785
when will the DEX come out? EOM?!?!?!

>>26253399
Checked.

Announcement of the release date will be this month. Most of us are expecting my end of next month.

Think about it. This team has done no marketing and hasnt pursued a CEX listing for 3 years. They've insisted that they wont commit any resources to either until the product is ready. We've had both in the last few weeks. Why? The product is nearly ready.

>>26252775
There is no conspiracy.

This shit IS a fork of DASH. I don't know what else to tell you if you can't face reality.

>>26253481
Thanks for the bump

>>26253481
You are the biggest gorilla nigger I have ever seen. You will never be a woman.

Each of the following coins below are layer 1 DEX's with a native currency, or otherwise has a use case that will be rendered obsolete by Stakenet DEX:

UNI $2,000,000,000
SNX $1,850,000,000
SUSHI $850,000,000
LRC $470,000,000
ZRX $405,000,000
KNC $240,000,000
CRV $215,000,000
BNT $178,000,000
1INCH $100,000,000

This is a combined market share of roughly $6,300,000,000. There are many more layer 1 projects, and the real number is much higher.

Stakenet DEX will render all layer 1 DEX's obsolete.

https://streamable.com/kzpimj

And unlike the majority of these shitcoins, Stakenet actually has utility and is required to run the network.

I expect XSN to exceed this valuation by the end of the year. And this is not even taking into account the market share of the existing CEX's that XSN will absorb.

>>26253603
Man, SHUT THE FUCK UP.

Every single one of those projects is implementing layer 2. And guess what, all that shit is modular.

The problem with STAKESHIT is that it's built on a fork of DASH which is a fork of BTC, so none of the layer solutions being implemented by those SUPERIOR projects can be utilized by STAKESHIT because it's not EVM compatible.

It's a FUCKING UTXO SHIT CHAIN. I know that hurts your feelings and makes you want SHOOT PEOPLE UP, but DON'T DO IT!!!!!

CONTROL YOURSELF, WOJAK!!!!

>>26253713
thanks for the bump

>>26253713
can u shut up for 1-2 days so it goes up a few cents and I break even and get out? I have kids to feed

thx

>>26253713
>>26253780
Cope

>>26253713
>The problem with STAKESHIT is that it's built on a fork of DASH which is a fork of BTC, so none of the layer solutions being implemented by those SUPERIOR projects can be utilized by STAKESHIT because it's not EVM compatible.
????

This is STRAIGHT from the CTO of Bitfinex in late November:

https://twitter.com/paoloardoino/status/1309499845925679104?s=21

>1. I believe that DEXes are a key component for the future of crypto, but current DEXes are easy targets (as in liquidity providers, token holders, companies promoting the product, eventually will cash out from CEXes) hence their best feature to me is being non custodial.

>2. But then you can still have non-custodial solutions with central high perf matching

>3. If you want to have a real DEX it has to be P2P, with a network structure similar to #LightningNetwork You can still have central matching and P2P settlement and thousands of micro-exchanges.

>4. @bitfinex is working to provide a standardized interface to centralised matching for non-custodial exchanges. This is the next frontier.

>5. Then if you want to build the next unstoppable underground cyberpunk DEX I'm with you. Why it is not born yet such product? Because in order to make it unstoppable it won't generate profits for the developers but just for who runs a micro exchange node.

Everything he describes here aligns with XSN. He then proceeds to get several replies from XSN shills on twitter detailing the project.

Granted, we already had an anon here at the start of september claiming the XSN devs have a 'deal behind closed doors with a top 10 CEX to pull billions of $ in volume through the DEX'....

More 'larp' posts drip feed over the months, including one in november that claims a deal was reached in early september and they were under NDA, so they couldn't discuss it. If we search the discord history, we see the devs refer to the fact that they are under NDA several times...

Then we can start looking at Bitfinex and it's history, its ownership, and see why it's owners would clearly be very motivated to possess the utility that Stakenet will provide.

>>26253805
You realise your replying to a literal XSN whale who has so much spare time on his hands all he can do is FUD his own investment so he can buy more? Either that or genuine mental illness

>>26253848

Seriously this fucking whale has too much spare time. Although he needs to change up his FUD copypasta a little, every time he spams FORK OF DASH in allcaps. Too obvious whalefag.

>>26253805
It's a fork of DASH, which is a fork of BTC. It's not like you can add OPTIMISM to it. You ever heard of OPTIMISTIC BTC???

NO, OF COURSE NOT!!!! WHY???

BECAUSE BTC IS A UTXO BLOCKCHAIN. IT'S NOT EVM COMPATIBLE. IT CAN'T RUN COMPLEX SMART LOGIC.

DIAPER, the LEADER OF STAKESHIT, was TRYING TO CONVINCE PEOLPE THAT YOU COULD JUST ADD ROLL UPS TO STAKESHIT BLOCKCHAIN IN THE PAST.

THAT'S THE TYPE OF PIECE OF SHIT YOU'RE DEALING WITH!!!!

WHY YOU THINK THEY CALL HIM DIAPER????

BECAUSE HE'S FULL OF SHIT!!!!! AND HE FUCKING STINKS!!!!

>>26254010
Thats why im more inclined to believe its mental illness. this website can do that to you if you lose track of the real world.

>>26254032

Boomer forgot to turn of allcaps.

Change the copypasta once in a while faggot

>>26254032
Thanks for the bump

>>26254053

Agreed, the schizo forgot to take his meds.

>>26254107
TRIGGERED!!!!!

LOL

LOL

LOL

DON'T GO FULL WOJAK NOW THOUGH. PUT THE GUN AWAY!!!!!

JUST BECAUSE YOU BOUGHT A FORK OF DASH, DOESN'T MEAN YOU NEED TO GO ON A SHOOTING SPREE YOU FUCKING PIECE OF SHIT!!!!

DON'T GO FULL WOJAK!!!!!

>>26253713
No matter how much you try and explain to people they’ll just never get it. That’s why after 3 years it’s still only traded amongst the people on this Mongolian basket weaving forum.

>>26252308
>send everything to the cloud
>forget about the 2k$
>gonna take 4 days to set my 4th masternode up.

i remember just sending my 15k to my wallet so i thought there probably wouldnt be a limit on sending things to your own wallet.

>>26254181
>>26254210
thanks for the bump

stop trying to incorporate any shitcoin into this picture. There's 3 problems.

>tier 1 exchange listing
>FUDers still as desperate as ever

not sure if you kids are aware, but tier 1 exchanges have to do a high amount of due dilligence on any project they list. they have a strict critirea and will only list genuine products.

All fraudulent accusations were nullified the day Bitfinex, the exchange of iFinex, who also owns Tether and is one of the most influential forces in crypto, decided to list XSN. Not only did they decide to list XSN, they most likely have a partnership with them. >>26253815

>>26254363
Thanks for the bump

what is a better more stable coin to trade my XSN for? I am 10% down and this shit is going nowhere. Just wanna make a bit back this year.
ETH?

>>26254486
Theres this amazing new erc20 token called Rubic. It's the XSN killer anon. I'd go all in if i were you

>>26254486
XSN

>>26254587

Yeah exactly, the same people fudding a real project like XSN are shilling Rubic to newfags which is a clear PnD. You can't even hide it, fucking kek

>>26254597
>>26254587
sorry, no scam indian coins

>>26254636
BTC/Eth/Link

>>26254636
buy high, sell low

>>26254636
thanks for the bump

>>26255054
any time

>>26254486
Yes jump from pump to pump buying high and selling low. That'll make your money back.

The whale manip on XSN during that drop was clear, and the rebound showed strength.
I'm holding.

>>26252308
I hope you and your family die a slow and painfull death like the dog you are
I will be laughing on your slowly dying body in great agony, see you there

>>26255968
thanks for the bump

XSN great coin sirs. make you very rich yes. buy now no scam sir

>>26256635
thanks for the bump

>>26255968
>>26256513
Kek

>>26256655
>>26256666
checked
last 2 digits xsn eoq1

Guys Paolo just flew over my house with a bag of MN's ITS HAPPENING

>>26257161
>>26256666
checked

>>26253815
>billions of $ in volume through the DEX
why should Bitfinex pull billions trought XSN

>>26256666
checked

>>26257241
Well, simply because it is a scam just believe it's a scam and buy shitcoin X instead. Please anon SCAM

>>26257241
To take on Binance, get ahead of Uniswap, and not get their lunch eaten by the transition.

Or they could be Kodak to the digital camera.

so when the hell will this pump again?

>>26257650
Next leg up with in 20 days when launch is announced. Also there'll be more on bitfinex + stakenet working together. You should sell now for something else. Just pick anything from the thread list and buy it. Just not xsn because it's a dash fork rugpull

>>26257650
Maybe a year or so

>>26258049
Thanks for the bump

>>26258611
Well yea if I don't bump it then we can't shill more so we can sell higher right?

>>26252308
Shitty edit on good picture. Kys faggot.

>>26252308
What makes it better than polka or cardano ?

>>26257959
>launch is announced
dex launch?

>>26259097
In 2 hours there'll be an announcement from a 3rd party about working with stakenet

>>26259097
Yes, the launch date for the dex will be announced with in 20 days, according to the devs. But you should sell now. Just market dump all the xsn you got and buy RBC

>>26258943
no answers

i guess it's some useless memecoin

>>26259274
Volume is already returning to the mean. Great project Anon!

>>26259599
Can you swap native btc to eth offchain on either of those? No? You should buy them

ONE

what's this pattern called /biz/

>>26260772
That's the "dear diary, I lost it all again" fractal

>>26260772
Falling Away from Me by KoЯn

>>26259181
proof?

>>26259181
let's see..

>>26259274
Yeah then buy MORE xsn with your RBC Profits

Win Win

>>26262427
>selling XSN
nah

bump

XSN FUD is exactly like link FUD in 2017. Can't wait to cash out in 3 years while everyone is in tears.

What would you consider a make it stack and suicide stack?

>>26259181
two hours have passed

back to 0.25 ROFL
im gonna get the rope

>>26265263
Just sold on bitfinex. check the candles lol. sorry