/biz/ - Business & Finance

>Our First Decentralized Layer Two BTC/USDT Swaps are underway!

>We have started testing manual trades of BTC<>USDT on XSN DEX. This means we have officially connected Bitcoin and Ethereum chains over their respective second layers. You can monitor live test results as they happen over the coming days in our DEX stat page

https://orderbook.stakenet.io/monitor/BTC_USDT

>BTC/USDT is an important milestone as it is the highest traded pair in crypto by volume

>For the first time users will soon be able to do instant trading with low fees on BTC/USDT, ETH/USDT and ETH/BTC (and more), fully decentralized with a centralized exchange experience with orderbooks, charts, limit/market order options, trade history and more.

>We are preparing the trading bots to stress test BTC<>USDT which will showcase the XSN DEX's capabilities in handling high rate trades (tx/sec) utilizing the Bitcoin Lightning Network, ETH L2 and our newly added Connext client to compete with centralized exchanges.

>Look for our upcoming ANN with an official report of our ETH L2 stress tests results, and further development updates

FUDERS ON SUICIDE WATCH

>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.

>>26437028
>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

FRIENDLY WARNING TO ALL NEWFAGS

there has been an endless FUD campaign waged against XSN for years now. If you search the archives, you will see the same tired, baseless arguments copy and pasted again and again.

Stakenet (XSN) has now been listed on a tier 1 exchange, bitfinex. The 5th largest crypto exchange. These top exchanges have to perform a huge amount of due diligence and thorough research on any coin that wishes to get listed. Only if the coin meets their thorough criteria will they risk listing it.

In the case of bitfinex, owned by iFinex (the parent company of bitfinex and Tether), they are enormous influence on the crypto economy and under much scrutiny by law enforcement across the world as regulations tighten and governments look to restrict access to cryptocurrency. Bitfinex wouldn't risk listing anything even potentially worthy of litigation.

tldr; all FUD has been rendered obsolete by the bitfinex listing, you are being scammed by XSN whales who are trying to keep new investors out and suppress the price

(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.

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.

Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

>>26437220
>Lightning Swaps

With decentralization slowly finding its roots in today’s world, people are showing an inclination towards replacing centralized intermediates with decentralized ones. Although the acceptance of a complete decentralized organization is still distant, there has been the emergence of a lot of services which now help people in carrying out transactions without an intermediate party. Atomic Swaps are one of these. In simple terms, an Atomic Swap is a smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries, such as an exchange.
In August 2018, we released a new Lightning upgrade along with the implementation of Lightning Network and Atomic Swaps. The combination of Lightning Network along with Atomic Swap allowed the execution of “Lightning Swap” which is an instant and nearly fee-less cross chain trade. The successful execution of Lightning Swap has taken us a step closer to our trustless one-click Lightning Swap solution which provides the user with a unique interoperable peer to peer solution that is only available with Stakenet.
To elaborate, Lightning nodes validate transactions between two separate chains. A Lightning node is an endpoint communicator that should have data from both chains. In other words, it needs to monitor both chains and thus is able to validate the transaction. With the upcoming development of the Multicurrency Wallet, Masternodes will be holding the separate chains in a decentralized manner, so you won’t need to download both chains. The Masternodes will also provide Watchtower services, so if anything goes wrong it will execute automated scripts to claim the punishment rewards.

>>26437144
>(X) I know XSN masternodes will process transactions on the dex and will receive the fees.
Literally was revealed not to be true an hour ago. The fucking audacity on you pricks.

>>26437220
>>26437336
>Stakenet Solution

Crypto exchanges are the mainstay support for the cryptocurrency market as they allow trading of coins thus providing liquidity. Even after being such an important component of the crypto markets, most exchanges are centralized and are operated out of a single central server making them vulnerable to hacking or forced closure by the regulatory authorities. Also, once a user places a trade with a centralized exchange, their coins leave their possession and are stored with the exchange, thus making the user lose the utility and benefits that one receives from the coins. These are some of the potential risks which Stakenet aims to answer with its proposed Stakenet dx (Cross-Chain Lightning Swaps).

With important components such as the Multicurrency wallet and Lightning Swap in place, we are only a few steps away from creating this solution. There are some DEX’s which are currently operating but all of them have some vulnerabilities of centralization, whereas Stakenet would be the first to operate a completely decentralized solution which would be entirely run by Masternodes and not supported by a centralized entity.

>>26437344
Thanks for the bump

insane project!

>>26437220
>>26437336
>>26437359
Apart from that, the other advantages of the Stakenet’s Cross-Chain Lightning Swaps are:

>The coins which the users hold never leaves them unless the transaction is completed giving them unlimited access to their coins.
>With coin in their wallets, they also benefit from all the utilities, features and staking rewards of the coin.
>The user remains anonymous as he doesn’t have to provide any Know Your Customer (KYC) details to anyone providing the user with complete anonymity and freedom to trade fearlessly.
>Not being in hands of central authorities, the Stakenet dx cannot be shut down by anyone, not even Stakenet.
>All transactions are done on a peer to peer basis without the involvement of a central authority, making the transaction more secure and less expensive as the fees are lower.

>>26437196
Really? Posting this scam chart? So fucked up that you post this an hour ago after it was revealed to be complete and utter lies. Fucking piece of shit.

>>26437220
>>26437336
>>26437359
>>26437385
The question is what’s the point of a native token on a chain that facilitates Lightning Swaps?
There have been two main criticisms of Lightning Network thus far:

1. Decentralization
2. Liquidity

By using the XSN native blockchain to host a one-click Lightning Swap solution, it gives the advantage of utilizing its second layer Masternode collateral to solve both of these issues.
Masternode collateral can only be achieved by using a native blockchain, since the rules need to be baked into the first layer to have secure Masternode’s in the first place, so you cannot use DApps or off-chain tokens to have the same effect or solve the problems that require a dedicated Masternode network.

With our native blockchain you will be able to take this collateral and allow Masternode owners to make that collateral work for them by generating fees from routing Lightning payments, becoming Watchtowers, holding other chains, providing Light Wallet TX broadcasting services and liquidity for the Lightning Network as a whole.
Furthermore, all major infrastructures will be built using Masternodes to provide a decentralized service without hurting normal users on the base protocol.

XSN users and owners will be rewarded accordingly via demands for XSN to set up these Masternodes or using it as a medium of exchange, because it will be one of the most liquid Lightning Networks necessary for high volume trading and general payments.

This is one of the major selling points along with other exciting capabilities our second layer will allow in the future. As new technologies regarding smart contracts, DApps, and scaling come into the scene we will also be able to uniquely solve problems that these technologies might face using the same approach we are taking with Lightning for example.

>>26437220
>>26437336
>>26437359
>>26437385
>>26437409
In short, all services running on the Masternode network will generate fee’s that will be paid in XSN in one way or another. Many users may not even realize they have paid in XSN as it will all be handled by Lightning swaps in the background. For example, if someone wants to trade BTC/LTC then the fee will be initially collected in BTC, however this BTC will be converted into XSN via a Lightning Swap in the background. That XSN will then be distributed back to the MN holders for providing the services.

This will happen for every service that is run on the XSN Masternode network, such as the Privacy features and upcoming DApps. We believe this economic model will provide a constant demand for XSN with fees collected constantly being converted to XSN and then distributed back to Masternode holders.

We have also partnered with professional trader Frank Amato (current Block 5 Capital Co-Founder, Former Executive Director of JP Morgan, Former Managing Director of Bear Stearns), to help design the Stakenet dx, as he provides insights on how the one-click Lightning Swaps can meet the expectations and requirements of seasoned traders. It will have a “Pro-Trader Mode” which will serve ambitious and also seasoned retail fund investors.

Everyone should look up OpenDEX. It's further in development compared to Stakenet. Also, the OpenDEX devs are not liars.

>>26437001
>>26437107
INJ is better at everything XSN does

>>26437390
Thanks for the bump

>>26437028
>>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.
Lies, lies, lies...

>What is an XSN Masternode?

>A Masternode is similar to a staking node, but instead of protecting the network like staking nodes do, Masternodes provide services to it. They form a huge network of interconnected computers that are used in benefit of the blockchain.

>XSN Masternodes will be our decentralized backbone that provide services for our entire network. At Stakenet, we want to turn the idea of Masternodes into a business for the individuals who own and run them. Owners will be able to select what services they wish to provide and in return will earn additional revenue from those services.

>What kind of services can Masternodes run?
Stakenet’s Masternode Network aims to be one of the most powerful platforms in the blockchain industry by having multifunctional Masternodes. The nature of how our Masternode network is built means that the only real limitations of what services can be created are down to developers and their imagination.

>A few examples which the Stakenet developer team is working on include:
>Host and run Stakenet DX
>Hosting all the various blockchains needed for the new Multi-Currency Light Wallet
>Handle One-Click Lightning Swaps
>Lightning dApps
>Masternode based oracles/arbitration
>Escrow services
>Hosting of trustless cold staking contracts
>Cross-Chain dApp infrastructure
>Privacy features running through Tor, >PrivateSend and Lightning Network
>Hosting Lightning Channels
>Using collateral to provide Lightning Network liquidity
>Watchtower services
>Voting and governance
>Enhancements for Smart Contracts and dApps

>Our team is excited to see what third-party developers can create on our platform. What is important to us is to provide a large decentralised platform which is also code agnostic to give developers the freedom to create dApps how they see fit and to not be limited by technological constraints.

>>26437460
>>26437530
Thanks for the bump

>>26437220
>as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains
More lies...

>>26437055
>>26437144
>>26437344
>>26437455
Checked. What's with all the fud against hydra? Something that is far away and not finalized.

>>26437593
Thanks for the bump

>>26437144
>(X) I know XSN is the only project with a true dex integrating lightning and connext.
Even more lies. OpenDEX has a lightning + Connext DEX.

>>26437643
Thanks for the bump

>>26437700
Thanks for the bump

>>26437611
Bitfinex listing has made all FUD obsolete.

FUDers only exists to keep /XSN/ bumped and draw new attention to the project. They are our greatest allies.

SSUI being shilled in 2019. Still not working.

>>26437774
Thanks for the bump

>scams with PoSW
>they dindu nuffin wrong!

More XSN FUD. Imagine not doing your own research and being cucked out of 100x by self motivated interests.

>>26437859
Thanks for the bump

looks like it's fucking crashing bt

>>26437904
Thanks for the bump

>>26437963
Thanks for the bump

>nov 2020

Stakenet FUD'ers have multiplied their(it's most likely just one anon changing his IP) since the bitfinex listing.

Why? The Bitfinex listing has not only confirmed Stakenet to be a legitimate project, but there is surrounding evidence that Bitfinex have not only listed XSN, but have made a partnership with the stakenet development team. Pic related.

>>26438046
Thanks for the bump

>>26437558
>aims to be
i understand you are being paid to make these threads. i just hope that you also have invested a small amount at least into XRP.

>>26438658
Thanks for the bump

>>26438658
>xrp

kek. fuck off. bitcoin is the only crypto that will ever be a means of exchange. Everything else is either infrastructure(ETH,LINK,XSN etc) or a scam.

>>26438812
It's a fucking DASH fork. Fuck off with all this TLDR bullshit.

>>26438878
XSN isn't fucking infrastructure, moron. LOL. It's a layer 1 blockchain forked from DASH.

Is DASH fucking infrastructure?

And he probably wanted you to buy XRP because you're a fucking moron.

>>26438881
>>26438938
Thanks for the bump

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.

>>26439064
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.

>>26438314
>>26438812
>>26438995
thanks for the cringe

>>26439064
>>26439090
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.

>>26439064
>>26439090
>>26439109
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.

>>26439098
>>26439105
Thanks for the bump

>>26439064
>>26439090
>>26439109
>>26439142
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.

Clearing up Masternode FUD

>What income streams are available with Masternodes?

>At Stakenet we want to ensure our Masternode owners are rewarded for helping to create our decentralized network. As standard, all Masternodes are eligible for 45% of the block rewards, so even if you run no additional services you will still earn rewards from these. In addition to that, every service you run/host on your Masternode will collect fees that will be paid back to you for the service you are providing.

>An example of this would be running our upcoming DEX, which will be run entirely on Masternodes. All trading fees earned by Stakenet DEX will be paid back to Masternode owners for providing the service on their Masternode.

>What are Block Rewards?
>Block rewards are new coins (in our case, XSN) created and automatically distributed by the network to users as rewards for its services. At Stakenet, rewards are distributed to stakers and Masternodes on each block creation.

>Each block generated 20 XSN and block rewards are split 45% (9 XSN) to Masternodes, 45% (9 XSN) to stakers and 10% (2 XSN) to the Treasury to pay for development.

Only a retard would shill like this, so checks out that it’s an XSN thread.

>>26439457
Thanks for the bump

So many fudders. I wonder if it's just a few people switching their ip or genuine brainlets.
>1 posts by this id
>12 posts by this id

>>26437558
>>26439310
all of this information, found here
https://medium.com/stakenet/xsn-masternode-network-b05c14664b3b

Is still up to date.

You are being shaken out by XSN fuders and their latest attempts at finding a new angle. Everytime they fabricate a new 'major problem' with XSN, this 'major problem' is then revealed to be a fabrication, and then they simply move on and fabricate something else. This cycle has repeated itself so many times, the same arguments have re appeared several times.

>>26439513
The only reason I am actively posting about XSN at all is to keep the FUDers awake. They are my single motivation. It's most likely just one anon changing his IP(I can tell because his format is always the same with slight variations). This guy is fucking scum and I will do everything in my power to make his life living hell.

>>26439662
What's with the trading fee fud? Just woke up and see retards falling for it.

>>26439662
Look at them scramble now that the masternode FUD has been obliterated. I hope this fucking kike burns in hell.

>>26439894
We had a successful /XSN/ general last night and FUDer assholes were torn wide open so he had to reach deep in the bag and pull out the one thing that is guaranteed to make some people sweat - Masternode FUD. it's all bullshit of course, its just a shame a few anons get cucked by it.

>>26439894
>>26439946
He's not going to keep this up all the way to $100.

>>26439894
It's not FUD. It's reality.

>>26440118
Thanks for the bump

>>26439896
The sad part is that you're not even part of the team. You were just born a fucking idiot and you actually believe this shit.

>>26440165
thanks for the bump

I lost too much money on this

now the fud is getting to me

help

>>26440329
this guy is fucking scum>>26440118
taking things out of context and hoping people like you will take it seriously.

The devs are referring to PRE HYDRA where the masternodes are not yet hosting the DEX infrastructure. Until then, yes, the hubs will receive most of the trading fees because they

It isn't until the hydra stage that masternodes will get trading fee's. this has been the case since day 1. Masternodes will still of course receive block rewards.

>>26440329
How the fuck can you be losing money on XSN we have been telling you about it since $0.05

>>26440723
You say this, but is this confirmed? That yes, we as masternode holders will receive 0.2% or whatever from the trades being made on the dex once Hydra is done. I feel like there's a TON of vagueness surrounding whether we as masternode holders will get part of the trading fees once hydra has been launched or not. Or is the 0.2% named in their articles really what the liquidity providers will get, while we as masternode holders get a fraction of that for providing our services to said liquidity provider? (during hydra stage). I'm never selling despite the discussion today, but still.

>>26440935
>All trading fees earned by Stakenet DEX will be paid back to Masternode owners for providing the service on their Masternode.

This hasnt changed. The masternodes themselves provide liquidity with their own collateral. It's actually very simple. It's the confusion between stage 1 and hydra that is getting to you.

The devs are apparently writing a new medium article to clarify all of this.

>>26440935
We don't know exactly how much each node will get in hydra. We're still on stage 1 atm andNd stage 3 is a long way away.

Kinda like no one knows just how good link staking will be.

>>26441043
>>26441089
Alright, makes sense. I'm just trying to figure out what the economical incentives are for the masternode holders. I was previously stoked to know that people would be buying this because of the idea that they'd be able to get 0.1~0.2% split from the overall DEX, but I guess I might've been naive. I guess I'll have to wait for the final numbers. Either way the project is still bullish with all the news and the fact that if adoption takes off we're still going to the moon, with or without the 0.2% trading fees, or whether we are the servers running the network and get fees from that, or running our own super-secret exchange. I'm happy as long as the passive income from whatever incentives are large enough to warrant the price going up a lot. Good night. Today was the first day in half a year the fud actually got to me a bit, need to cool off.

Is hydra supposed to come out this year?

>>26437344
You convinced yourself that ALL OF THE LIQUIDITY will go to MN owners, but you failed to comprehend that MNs are HUBs in Stage 3, Hydra.
Why on earth would that be enough, when MNs host the DEX, but don't scale either ETH or BTC via Connext or Lightning when Lighting HUBs and Connext HUBs are the very way you scale networks?

You people simply misread. We told you the entire time that the DEX, although being a world first, combining BTC and ETH chains, is merely one aspect of the whole MN network.

You're complaining that HUBs get more than MNs, but you can't have HUBs without MNs.
You're just mad that you're poor and can't get in like you thought you could.

The good news is that you're still going to make ridiculous amounts of money with this shit.
If you get a mere 0.25% of $100,000,000 daily volume, that's $100 PER DAY.
AND THIS IS AFTER BLOCK REWARDS, which is roughly 15% ROI.
Now we don't know that it'll stay at 0.25%, but it could EASILY jump to $1bil daily volume once Hydra is up and running.

You people complaining about this are ridiculous. Nothing had changed. You'll still probably make it with a single MN.

>>26437390
All you're arguing over is if we're going to get 0.25% or 0.2%
You're an idiot and you don't even know what to be upset over.

Not everyone that comes here is retarded and they'll see exactly what you're doing, Zakes.

>>26437530
What substance!

>>26441448
That's a good post, thanks for that. As you say, we need to look at the wider picture of where we are going.

>>26441448
Good post.

By the time the DEX is up and running, a single masternode will be unaffordable and most will have missed their chance at that sweet passive income.

>>26441437
The team doesn't reveal timelines.

>>26441711
We don't even have the main selling point developed and fully debuted yet...
These guys are trying to distract everyone by convincing them that something is wrong with the final stage of the project, when those details aren't even decided yet.

There's a DAO that's facilitated by MN holders.
They can make proposals about changing certain numbers like this. Even these GUESSES that we're making right now could be entirely meaningless.

>>26441886
The DEX alone, which we know is coming by the end of this quarter, is game changing. If functional, it's guaranteed to become the top DEX by volume. And we know that XSN coin has more utility than almost all of the bullshit DEX's and layer 1 solutions available now. If the DEX is successful XSN will surpass UNI in market cap.

Beyond that, and onwards to hydra, its mostly speculation on our part. But we have every reason to be optimistic.

FUDER ARE YOU OK?

WILL YOU TELL US IF YOUR OK?

ARE YOU OK FUDER?

>>26437001
It's dead, Jim. I sold 7 masternodes at 60 cents and 4 masternodes at 50. The developers are too slow and incompetent.

>>26442251
thanks for the bump

>>26442060
Completely agree. The DEX is really only one important part of what the final vision of XSN is. Once the dex has been adopted massively, the services provided by the dex itself can be used to provide other services and so on. The possibilities are vast, and masternodes will definitely be there to reap rewards one way or another. A lot hinges on whether the dex becomes successful, but if it does the fact of the matter will snowball us into price territory no matter where the incentives to be a holder lie.

>>26442352
Previously unexplored price territory* or whatever.

Someone care explaining what exactly is meant by liquidity provider/providing liquidity? In practical terms how does it work?

>>26442649
Jim wants to buy four apples
Andy wants to sell two
Ben wants to buy eight

The person providing 20 apples can facilitate these transactions by providing his apples, but he asks that a sliver of each apple is cut off of the bottom when they're traded between the three listed above, so he can keep some apple for himself for providing all of these apples.

>>26442352
XSN is blockchain not needed. It's DASH.

The guys are lying through their teeth. They expect everyone to be stupid. When they're talking about liquidity pools, he's referring to AMMs. An AMM is a smart contract. You can't run that type of logic on a DASH fork.

When they refer to liquidity in that context, it's liquidity that's locked up in a smart contract, but in order for that to work, it's to be a blockchain that's able to process that type of logic. DASH can't do that.

If they can't explain it to you and break it down easily it's because they're full of shit or they don't understand it themselves.

So nothing has really changed. Masternodes will still inevitably be hosting the DEX, and the entire Stakenet infrastructure. They will be geared to receive maximum value while still incentivising people to use Stakenet services(by making them affordable and competitive)

you will need a masternode to host the infrastructure and provide liquidity, and in turn receive a cut of the trading fee's.

>>26442968
Thanks for the bump

>>26442968
It's a DASH fork that was forked three years ago...
>They're lying!
kek
How dull.

>>26441325
>economical incentives are for the masternode holders
Currently it's just blockrewards but that will change as more services come.

>Here is a brief introduction/ overview of the basic architecture of our XSN Decentralized Exchange built on the Lightning Network. In this piece we will cover 3 main components: HUBS, Wallets, and our Aggregator/DEX API. You can also view a detailed video walkthrough of each component
here.

>We will begin with HUB’s aka LN routers, DEX HUBS ( act as off chain broker desks) maintain liquidity for channels to route payments and manage + match orders between peers via an orderbook. Our HUB network as a by product will provide significant liquidity to all Lightning/off chain networks. HUBs collect larger ROI on trading fees vs standard routing which leads to a higher incentive to lock more capital inside these off chain nodes, especially for major trading pairs.

>Liquidity can also be used to send, receive & route normal payments on all respective networks. HUB fees will be an important incentive to mitigate risks of running a highly liquid LN node. Our fees will provide a direct benefit to our coin (XSN) and network (Stakenet) through use for treasury, fee burns of XSN and when we migrate to MNs… auto-distributed as MN rewards.

>Key Features of a DEX HUB

>Non custodial cannot tamper/ steal any funds
>Route atomic swaps (true P2P exchanges) over Lightning (instant)
>Set and collect fees for the service they provide such as maintaining peers, managing orderbook, uptime, liquidity for routing etc (Read more about the fee structure here: https://medium.com/stakenet/stakenet-dex-fee-structure-aa1bcc30e6f8))

>>26443214
>XSN (Stakenet) wallet

>Akin to a web browser ( a portal into the internet), the wallet acts as a portal into our lightning (DEX). It is maintained by a dedicated team to ensure top performance and ease of access to the networks behind it.

>The wallet is meant to give users the ability of not only sending and receiving but staking, exchanging, voting (governance), and much more all while the user maintaining their keys at all times. Our built in Auto-Updater feature allows you to stay up to speed with latest fixes and features with just a click of a button.

>Lightning Network is the first advanced feature to be supported in the wallet. It is made easy with features like Auto-Pilot and Channel Rentals (automatically set up your channels for you to the HUBs) + the functionality of P2P atomic swaps over Lightning ( Decentralized Exchange). You can also manually set up your channels to anywhere else like Bitfinex for example, so you can move your assets around at lightning speed.

>>26443214
>>26443237
>Aggregators / DEX API

>Automated trading systems are responsible for a majority of volume on all successful exchange platforms, these strategies however need near instant settlement times to function correctly and be profitable. As our DEX is one of the first ever to settle near instant ( done via Lightning Network) it allows for these systems to have a means of onboarding their liquidity. We see this as a benefit not just to our DEX but to all DEX’s as it gives a clear path to cross liquidity from Central to Decentralized exchanges.

>Using our public DEX API developers have all the tools to setup:

>Automated trading systems
>Market makers
>Arbitrage bots + more
Watch a video of our Aggregator tech at work connected to Binance: webm related.

>>26443214
>>26443237
>>26443292
>Why the XSN blockchain?

>Once the DEX HUB architecture is proven stable, liquid, and scalable to high volumes we will plan the migration of the HUB network to to XSN HYDRA nodes (nodes run on top of the Stakenet blockchain) for a global unstoppable network.

>Using the blockchain we can enforce fees generated from the DEX to be distributed to the HYDRA network, increasing rewards for what currently are knows as XSN Masternodes (all Masternodes will be converted to HYDRA nodes at stage 3 in the infographic attatched).

>The benefits HYDRA would provide to the DEX network are redundancy, uptime, and liquidity. All nodes would be glued together and connected via layer 1 of the XSN blockchain, regulated by its system of governance.

https://medium.com/stakenet/xsn-%EF%B8%8Fdex-architecture-3e78a9017ef5

>>26443214
>>26443237
>>26443292
>>26443353
Thanks, this clears things up.

>>26442649
You can believe these shilling imbeciles or you can do your own research.

Learn about moral hazard and adverse selection.

>>26443435
Thanks for the bump

>>26443435
No, (YOU) need to DYOR.

>muh moral hazard
>muh adverse selection

No one can control your limited understanding and there are unlimited risks to involving yourself in this market. Moral hazards are present in virtually limitless ways.
You know a couple of buzzwords. Excellent work.
Stick to confusing the normies that don't read whitepapers and don't keep up with updates. That seems to be the most effective.
Oh, and it helps us buy cheaper.

Have fun staying poor.

Still use fucking non-profitalbe farming lol?
Take part: https://twitter.com/dao_duck/status/1338181297257263112?s=20

Your Daddy is here now!

>>26443577
checked and based but dont waste your time with him, just thank him for the bump and move on

>>26443577
You have a mind of a child.

>>26443613
I've literally been doing this the entire day, anon.
I have loads of time.

>>26443652
Thank you, brainlet.
I unironically see that as a compliment.

>>26443652
Thanks for the bump

Gonna be 70c next week

>>26443748
Based and get id pilled.

>>26443710

You're just making it increasingly apparent to everyone that the lead shill of this project is someone that probably works at a fast food restaurant.

>>26444024
Thanks for the bump

>>26444024
>works at a fast food restraunt
>has the time to shill on /biz/

this makes as much sense as the rest of your FUD. change your IP and try again

>>26444024
lead shill?...
kek

>>26444222
>444222
Ah nice double trips. Fudders btfo.

>>26444222
checked.

Where have the FUDers gone? Maybe if I type 'blocknet' we can get some bumps up in here kek

>>26444562
Devs have cleared out the fud in the discord. There is also an article coming to explain everything better.

>>26444599
Checked fudders are gay. They say the same baseless bullshit

So did a lot of reading through biz and discord today and to sum up todays drama..

1. People thought 100% of trade fees go to the MNs and were hyped about the meme chart going around claiming huge returns.

2. Turns out the plan is 10% of trade fees will go to MNs and 90% go to liquidity providers from hubs (hub = MN plus supplied liquidity) or wallet based pools. MN will have additional fees for other services, channel fees, other stuff coming. And of course will always receive block rewards.

Despite the initial reaction, im actually more bullish. If we had a DEX with terrible liquidity, there would be shit volume and low fees anyway. Incentivizing big players to move big liquidity to the DEX means MN holders get to ride with the whales and eat 10%.

>>26444845
Imma post some screengrabs of what devs said

>>26444901

>>26444930

>>26444941

>>26444958

>>26444978

>>26444996

>>26445013

>>26445042

>>26445064

>>26443421
based.

>>26445089

>>26444845
in order to be a Hub you need a masternoode, so if you are a whale and want to provide a tonne of liquidity for the DEX and earn proportional amount of the DEX trading fee's you'll need to buy a masternode(15,000 XSN). So theres guaranteed to be a high demand for XSN

It's funny how often Bitfinex is referenced throughout Stakenet's updates >>26443237
>You can also manually set up your channels to anywhere else like Bitfinex for example so you can move your assets around at lightning speed

>>26445102
see>>26438220
Bitfinex deal is almost certain.

>>26444845
XSN x TETHER x BITFINEX

YOU NIGGERS ARE SO SLOW PUTTING THE PIECES TOGETHER ITS FUCKING SHAMEFULL

>>26445283
See the date on the original post.

>>26445386
It was referring to Tether and Bitfinex. iFinex is one company, which owns Tether and Bitfinex(Paolo Ardoino is the CTO of both Tether and Bitfinex)

They have made an exclusive deal with Stakenet in which bitfinex will run liquidity through the DEX which has numurous enourmous advantages for both parties.

>This deal will be announced shortly after Bitfinex lists XSN and the launch dates for the DEX are announced.

We are a few short weeks away from the launch dates dropping. You are running out of time to get in on this at the GROUND LEVEL. i cant fucking believe you can still buy XSN this cheap.

>>26444222
>>26444599
Checked.

>>26445283
>>26445386
>>26445591

>>26445283
>>26445386
>>26445870
heres CONFIRMATION from one of the team members stating that a deal with a 'big exchange' has been ongoing since august and is 'part of something much bigger'

i cant fucking wait to get paid next week and buy some more.

>>26446043
Ohhh i forgot about that, this is huge.

>>26445283
>>26445386
>>26445870
>>26446043
Holy Fuck that basically confirms it. Add the Yankee post to the collage.

We are going to fucking make it.

>>26446235
never selling my masternode. I am so happy.

>>26437055
>>26437144
>>26437344
>>26437455
>>26437611
>>26437700
>>26437766
>>26437811
>>26441511
>>26441711
>>26443011
>>26443577
>>26444222
>>26444599
>>26446099
Checked.

You wouldn't get it.

>>26446516

>>26446099
checked. It's the string that ties it all together. I've been searching for something from the team itself that verifies they've been working on a deal with a major exchange, and i've found it.

WGMI

>>26437859

>12 posts by this id

Bullish af

>>26446877
>>26447422
Checked.

why do the best stakenet threads happen during sleep time for amerifats?

>>26447516
How much do you think we'll pump when vitalik first mentions XSN DEX?

>>26447882
kek I'm not sure, but if someone wants to get two MNs, they can head over to the Discord and get them for free if they make Elon Musk tweet about XSN or retweet someone saying something about XSN (that last one I'm not 100% sure about. i might be fuding it a little).

STAKECHADS SHALL INHERIT THE EARTH

FUCK FUDERS
FUCK PAJEETS
FUCK TURKROACHES
FUCK BINANCE
FUCK CZ
FUCK THE INTERNATIONAL JEWISH BANKING CABAL
AND FUCK JANNIES

XSN $100 2021

>>26440723
Yeah we all knew that. The revelation last night is the normal pleb masternodes (99% of biz) are only getting 10% of the trading fees. The liquidity hubs are getting 90%, and with that 90% more of it goes to the more liquid hubs.

So there’s no reason for multiple masternodes. Just have one and provide liquidity to get more profit.

>>26449166
Wrong. There is 2 type of fees. Channel fees and liquidity fees. This was explained in the discord which was posted above. Of course you could always wait for the article they are to going to release.

>>26449166
More nodes = more profits retard.

>>26449166
You can still host other services on separate MNs and the block rewards alone at $10+ are still insane. 4 MNs is six figures...

>>26449166
Wrong, even if you were right, theres only a finite amount of XSN(therefore MN's), and theres enourmous incentive for crypto whales to hold masternodes and provide liquidity

any masternode has value = all have value

>>26449332
Mate we were all there last night. 90% of the trading fees are going to hubs. More liquid hubs get more % share of that 90%

>>26449484
>there’s only a finite supply of xsn

You high?

>>26449353
We established last night that you’d probably get more profit holding 1 MN and providing 100k worth of btc liquidity, than having 5-6 master nodes.

Looks at the conversation in general from around midnight.

that means masternodes are worth 1/10 of their value from yesterday and xsn price will plummet when the big dogs realize this

>>26449587
>Last night
All fud retard. Don't tell ne you fell for it?

>>26449632
>Last night
Last night was 100% fud. At least dyor research before you start spouting nonsense. Read ALL the pic posted here >>26444901

>>26449632
>>26449705
Thanks for the bump

>>26449632
reset your IP and try again

>>26449772
>>26449807
Tommy man, what is your deal. I think it was pretty clear a lot of people didn’t know they’d only be getting 10% of the (subject to change) 0.2% trading fee.

How can you say it was fud, when it was just exactly the opposite. You’re so strange. I wish to never meet to in real life.

And it’s not me changing IPs. That’s you. Don’t make me go through the archives to grab a couple of posts where you’ve forgotten to change it, and even replied to yourself. Lmfao.

>>26449965
Stop lying faggot, read the devs response in the pics.

>>26449705
>>26449632
Oh boy... You guys woke up.
Yay.

All the FUD in this thread is months-old.
Go dig through some threads from the past few months. You will find the same OpenDEX/boltz/liquidity/Hydra FUD all throughout.
There's a reason why XSN has survived all this time and continues to grow.

>>26450119
It's okay. Only the brainlets will miss out.
Poor newfags...

>>26449965
thanks for the bump

>>26449965
YES!
THANK YOU SO MUCH.
You have no idea how happy I am to have you sperging like this about me when I'm not even around.

Talk about rent free...

>>26450234
I’m sperging? You’re the one with all caps lmao.

Are you trying to say that we are indeed getting the dex fees as previously thought or not?

>>26450234

>>26450374
I'm literally no one important.
Ask the team members in the Discord.
I'm just here to point and laugh at you for being a fucking brainlet.

>>26450425
We did ask the team members in discord, last night. Remember? That’s what my first screen shot is.

So what are you trying to refute in my posts Tommy, that the dev answers are incorrect or something?

>>26450498
I don't even care about the discussion. I just like getting you to bump this over and over.

>>26450547
Lmao, okay then Tommy.

>>26450651
Thanks again, brainlet.

>>26450374
>>26450498
>>26450651
Why didn't you read any of the pictures that i posted? It new from a few hours ago, it clears all the fud about node fees.

>>26450708
That's a man

>>26450374
>>26450395
thanks for the bump

>>26450163
This, in a way, is the default state of XSN threads in-between pumps.
They crawl with angry '25 posts by this ID' style fudders.
They were unironically calling it a P&D exit scam when it was 3 cents.
First, the fudders threw an absolute shitfit during the pump to 14 cents in July 2019 because of Discord screenshots. Pic related was from the same day. Someone had mentioned something about /biz/ in German on a TG channel. All this, they repeatedly insisted, was the exit scam. The logic, of course, was ridiculous
>develop a coin for about 2 years...
>to exit scam 85% down from ATH in the middle of a bear market
It didn't stop them from repeating the same things everyday and gradually moving the goalposts of the FUD itself.

Stakenet has many eras to it.
>the coin swap era
>the TPoS launch era
>XSN Cloud launch
>bear market manifest destiny era (LN upgrade, excellent talent recruitment, partnership with LTC Foundation, first XSN/LTC LN swaps executed, MNaaS launched)
>the fall of Cryptopia
>the Coinall era (inc. the ousting of Sistemkoin)
>the rise of Livecoin
>the July 2019 pump
>DEX alpha build era (tech-heavy P2P swaps, channel management)
>DEX early beta (orderbook integration, BTC integration, channel rentals for 1 coin deposit swapping, rigorous stress-testing and UI refinement)
>July-August 2020 pump
>DEX open beta (liquidity aggregation, higher volume trading)
>the fall of livecoin and the rise of major CEXs
>January 2021 pump
>DEX launch era
we are here

>>26449587
Here is where your missing it..

Shit DEX with no whales and no liquidity.. 100% of fees on 1 million volume = 2000 to MNs

DEX that pulls in whale liquidity and drives whale volume with 10% fees at 1 billion volume = 200,000 to MNs

More MN, more slives of the 10%.. if profitable for whales to run hubs, more value to XSN and demand for MN. YOU ARE NGMI

>>26451644
checked

pour some coffee fudding scum because you'll be doing an all nighter

I should have sold

>>26451789
Please do. thanks for the bump

Can't believe those brainlets thought they will rent a VPS for couple of bucks and get all the fees while the whales that risk funds to provide liquidity gets nothing lmao.
That's what happens when your entire financial investment is based on a meme wojak charts you damn noobs.

Good thing i got myself 20+ MNs so I'll make it no matter what.

>>26451911
>thanks for the bump
When DEX launch?

>>26452051
i wouldnt worry about it, sell now bro

theres this sick coin called rubic with the new layer 2 DEX coming just around the corner, i'd check that out bro

>>26452280
Kek

When DEX launch?

>>26452501
Before the end of this quarter. release date will be announced anytime in the next 3 weeks

If you want the facts, you need to read biz. Shills are trying to obscure everything on discord. Apparently fees dropping from 100% to 10% is just “fud”. Talk about having the Stockholm syndrome.

>>26452605
Were just seeing a separation from investors that live in reality, and moonboys that believe in meme charts.

>>26452759
This is why these pasta shills are so shit. No one is going to eat up that shit in here. It’s all about trying to find leaks in your investment, and seeing whether they can be remedied or not. Yesterday’s thread was a great example of this, as information that would’ve never been uncovered by the discord knuckledraggers was brought to light by biz.

>>26452917
The information was available, not my fault /biz/lets don't know how to do their own research.

>>26452602
it's too early

Blockchain is rising now because of the defi segment, that's why I usually check new exchanges. Not long ago, I found BAEX(#baex), did you hear about it? That's a defi binary assets exchange with Yahoo Finance quotes source

>>26453106
Nah, dex should be released in stage 1 by end of feb.

>>26453106
It's confirmed anon

>>26452959
Go ahead, post a link where it says the distribution is 90-10 (before yesterday). I’ll be waiting you lying piece of shit.

Where have you gone FUDers? We need more bumps!

>>26453106
You will probably want to sell just before dex launch (assuming there is a pump). I will likely dump my 2 meagre MN as I don't think running them will be worth the opportunity cost of investing in other promising projects in the medium length term. As stated clearly, it'll probably be worth it if you provide liquidity but a lot of poorfags can't do that. GL

I held millions of XSN in the past, but I sold only to find out it's being shilled here today on biz. Now, remind me again, why is XSN great in your pov? Does it have the possibility to become the next ethereum (in terms of usability)? Most important of all, is it worth to stake now realistically speaking?

>>26454780
Thanks for the bump

>>26454808

>Held millions of XSN
>Doesn't know what's the staking ROI

Kys Larp

>>26454249
Where did the shill go? kek

>open channel
>rent channel
>close channel
Oops, I ended up paying more than for a single swap on Uniswap, LOL

>>26455628
>>26455676
Thanks for the bump

>>26455676
>my masternode FUD has dried up, time to fabricate something else

thanks for the bump

>>26454249
This is the last article about fees. A new one is coming.
https://medium.com/stakenet/stakenet-dex-fee-structure-aa1bcc30e6f8

>90-10
You've misunderstood. There is two types of fees. Channel fees and liquidity fees. Read these pics starting from >>26444901

https://yt3.ggpht.com/dMCRX6cSCNCepmvxbVGmyBj-7TWXqofOFFRa0AjJQ4EINJRv2amexURnNxRk49jvYqNh84IfHj2dqA=s504-nd-rwa

>>26455676
That's still less than unishit retard.

>1 IP
>58 posts

hmmmmm

>>26456428
thanks for the bump

Ok now dust has settled this actually makes me more bullish on XSN. The rumours about a Bitfinex deal make way more sense now and if Bitfinex are going to be pumping billions through the DEX daily as a major LP then even 10% of those trading fees going to MN owners is going to result in insane profits for MN holders.

> $1B in daily volume is $2.5M in fees.
> 10% of that is $250k a day between MN holders
> 2500MN is a $100 a day each MN not including block rewards.

>>26456314
>>90-10
>You've misunderstood. There is two types of fees. Channel fees and liquidity fees. Read these pics starting from
So the information was not available. You're directing to a pic from YESTERDAY. Nice dodge though. Just consider this fact: literally 99% people thought that all of the fees are distributed evenly to MNs, and people posted charts and calculations for YEARS without anyone from the team correcting them. Most bagies didn't even know about the existense of "hubs" prior to the last AMAs. This is on the stupidity of the investors though, as it makes 0 sense to distribute all of the fees for nodes who provide 0 liquidity.

>>26457164
Most of this info about the 90-10 spilt came from fudders. This meant that all your retards who hadn't done any research got tricked.

>charts and calculations
Wow the meme mcdonalds chart is 100% correct dude
>most bagies
Are retards who don't dyor. No shit nodes that provide more and take more risk get paid more.

>>26456365
You don't know it. If BTC/Eth are congested, you will end up paying BIG for the LN channels. Nevertheless, the team is advertising it as "near zero-fee trading", which is complete bullshit. It's near-zero, IF you have previously opened & rented a channel, otherwise expect to pay up. Eth 2.0 will render this idiocy of a project completely dead.

>>26457218
>near zero fee trading
Is correct, you don't pay much on the trades just the initial move to layer 2 which mind you will decrease significantly as the dex gets adopted.

>>26457214
>Most of this info about the 90-10 spilt came from fudders.
Ben Wang (XSN co-founder) was the first person EVER to say that the split would be 90-10 on discord YESTERDAY. Stop fucking lying already.

>>26457274
>Ben Wang (XSN co-founder) was the first person EVER to say that the split would be 90-10 on discord YESTERDAY. Stop fucking lying already.
Right so you stating earlier that this came from yesterdays thread?

>>26457266
>s just the initial move to layer 2
Yeah, no big deal, just the "initial move" aka almost the same as you pay fore a single swap on UNI _right now_. Imagine when eth 2.0 is fully commissioned, completely kills XSN. As the devs said yesterday, it's basically Uniswap "with lower fees". When that advantage is gone, there is 0 reason for people to adopt XSN. Not to mention that Uniswap doesn't require you to download some shady un-audited client.

>>26457218
thanks for the bump

>>26457328
>a single swap on uni RIGHT NOW
Yeah good thing that swap can let you trade multiple times.

>>26457300
>Right so you stating earlier that this came from yesterdays thread?
As a direct result from yesterdays thread. Are you denying that? Do you think they would've voluntarily told that on discord yesterday if there wasn't massive pressure from biz?

>>26457346
>Yeah good thing that swap can let you trade multiple times.
*if you keep paying the channel rental. Also most people do not execute multiple swaps in a short time period, excluding bots etc., which would never use the XSN Dex because it's COMPLETELY un-audited.

>>26457377
I wasn't here yesterday. I guess that thread was full or retards and fudders? Why wouldn't people think that nodes that provide more and take more risk would get paid more? It's pretty logical.
>Do you think they would've voluntarily told that on discord yesterday if there wasn't massive pressure from biz?
You mean retards and fudders spamming the discord because they don't understand something /biz/ told them about? Retard alert.

>>26457402
More and more people will use xsn dex which will reduce on chain congestion. The initial fee won't cost much in a few months when everyone is on layer 2.

As Eth 2.0 is rolling out, and after team telling us yesterday that XSN is basically "Uniswap with lower fees", it makes less and less sense by the day to adopt XSN. Not to mention that the whole "Hydra" stage is complete vaporware at this point. The devs haven't even figured out the economics of the platform yet, nor have they written a single line of code network. It's a huge copium at this point. Should've just invested in Uni.

>>26457468
Thanks for the bump nigger. Fud harder faggot, i am never selling. Fuck you.

>>26457468
Eth 2 scaling (sharding) won't be done for years.

>>26457468
thanks for the bump

>>26457214
holy shit you shills are fucking horrible. that same "meme chart" is posted IN THIS FUCKING THREAD by the lead shill, you guys are continuing to mislead potential investors, and when called out you first claim FUD and then pull some lol-jk-you-must be-stupid-to-belive-the-meme-chart bs. fuck you

>>26457423
>Why wouldn't people think that nodes that provide more and take more risk would get paid more? It's pretty logical.
The fucking shills that started the General thought that 100% will go to nodes. They got corrected by the "fudders" and went crying to discord.

>>26457516
>>26457521
Thanks for the bump

>>26457516
>meme chart
A meme chart.......

>>26457443
>will use xsn dex which will reduce on chain congestion.
Talk about being delusional. If the on chain congestion is reduced, there are ZERO reasons to move away from Uniswap!

>>26457521
100% do go to nodes though, just most of that goes to the some nodes and not others, really depends if it's a rental fee or a liquidly fee.

>>26457516
>>26457521
I would like to thank you for making sure /XSN/ remains at the top of the /biz/ catalog

Please continue your efforts, we will have this baby running 24/7

>>26457542
Absolutely retarded logic.

Same result as every XSN thread before. Shills have no answers, so the default to "thanks for the bump".

>FUDers absolutely seething

Top kek. I no longer care if a single new person discovers XSN on biz, as long as I'm keeping you FUDers awake at night im happy

>>26457608
thanks for the bump

>>26457542
Retard.
>>26457608
Kys

>>26437196
Look at this. Shills STILL posting this misleading scam-info after yesterday. These people are scum.

>>26457608
I don't have time to engage with mentally ill people, I just know it's you, stop reading, thank you for the bump, and repeat

Thanks for the bump

>>26457671
thanks for the bump

Any new investors thinking about buying: go to http://posw.io/ , and look up the "team" section. Then go to https://www.x9developers.com/
Look familiar?

>>26457717
Thanks for the bump

>>26457717
cope

FRIENDLY WARNING TO ALL NEWFAGS

there has been an endless FUD campaign waged against XSN for years now. If you search the archives, you will see the same tired, baseless arguments copy and pasted again and again.

Stakenet (XSN) has now been listed on a tier 1 exchange, bitfinex. The 5th largest crypto exchange. These top exchanges have to perform a huge amount of due diligence and thorough research on any coin that wishes to get listed. Only if the coin meets their thorough criteria will they risk listing it.

In the case of bitfinex, owned by iFinex (the parent company of bitfinex and Tether), they are enormous influence on the crypto economy and under much scrutiny by law enforcement across the world as regulations tighten and governments look to restrict access to cryptocurrency. Bitfinex wouldn't risk listing anything even potentially worthy of litigation.

tldr; all FUD has been rendered obsolete by the bitfinex listing, you are being scammed by XSN whales who are trying to keep new investors out and suppress the price

>>26457766

>>26457825
thanks for the bump

>>26457766
It's the exact same setup as with PoSW
>X9 is "contracted" to develop PoSW
>PoSW exit scams
>"we're innocent, we were just contractors!"
>X9 is "contracted" to develop XSN
>???

>>26457608
It’s because they’re all so heavily invested no one wants to talk about anything else. They are all 50+ and non English speakers. It’s just easier to say thanks for the bump than to have any actual discussion.

Be prepared for the next shill campaign though, my guess is sometime in June.

>>26457813
>endless FUD campaign waged against XSN for years now.
Says the shill who posts endless amounts of misinformation in his own thread. Why don't you post that mcdonalds chart one more time you piece of shit?

>>26457881
>>26457896
Thanks for the bump

>>26457923
thanks for the bump

FUCK FUDERS

XSN $100 2021

>>26457717

>X9 take over POSW and update the team page to reflect that prior to transitioning to XSN.
>news at 11

The desperation of fudders is limitless.

Why does the team keep dumping? 320k pulled in the last 24h. Not to mention the treasury is almost depleted.

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.

>>26458043
You posted the wrong pic. Lmfao.

>>26458008
>nd update the team page to reflect that prior to transitioning to XSN.
I thought they were just contractors. How exactly did they gain control of the chain, if they were "just contractors"? Why is the head of X9 listed as "Lead Product Developer" for PoSW?

>>26458093
dont care, thanks for the bump

>>26458094
Thanks for the bump

>>26458043
Ahahahahahahah, fucking hell these pajeets are pathetic. Why did you post a Kleros shill pic? kys

>>26458141
guaranteed bumps

I hope you are prepared to do this full time because this shit isn't going to stop for months. You will be surviving on 3 hours of sleep a day nigger.

What happened to the guy that said xsn doesn't get digits?

>>26458117
>dont care,
It's pretty fucking obvious you don't, after all you're shilling Stakenet. This is what happens when you pay for shills to flood biz

>>26458135
Lmfao. The funny thing is you probably are like 50 years old dude.

And you’re replying to everything with ‘thanks for the bump’ reducing yourself to looking like a small, petulant child. Damn son.

>>26458117
You’re welcome dude.

>>26458238
Thanks for the bump

>>26458232
I haven't even seen 10 memes from your pic. Kys nig

>>26458232
>>26458238
thanks for the bump

>>26458168
Why are you still posting here? You just failed miserably at scamming people by posting the wrong shill pasta. You're a piece of shit.

>>26458273
thanks for the bump

>>26458042
Care to comment on this shills? Looks like the team is dumping on you. Also, they're about to run out of funds.

>>26458273
I am quite literally only here because of you, because of the satisfaction i get knowinhg how much stress I am causing you with such little effort. I dont give a fuck about shilling XSN anymore. I know XSN will moon, despite your efforts to cuck anons out of this moon mission, we're all going to make it. But your not. I'll make sure of that.

>>26458323
thanks for the bump

>>26458094

>X9 created and managed the blockchain for POSW
>POSW owners leave
>X9 negotiate control for website and everything else
>X9 turned POSW into XSN

Check webarchive it’s all there when POSW.io was updated in Nov 2017 after X9 took over and updated it which is the version of the team page you keep posting. Check the archives prior to the update, website was completely different.

https://web.archive.org/web/20171123005149/https://posw.io/

You keep screaming exit scam but please explain where exactly the exit scam is by X9 when nobody has lost anything on POSW as it was all converted to XSN.

>>26458346
fucking based.

>>26458346
>stress I am causing you with such little effort

>41 posts by this ID
>all "thanks for the bump"
>i'm here for you
Then continues to ramble on about some moonboy copium about how he's never selling. Look up "stockholm syndrome".

>>26458438
thanks for the bump

>>26458346
Damn. You’re only here for a random anon on a Mongolian basket weaving forum? That’s some dedication mate.

That anon must be special. I hope you get him a gift when you make it :)

>>26458438
>>26458493
Thanks for the bump

>>26458404
>Nov 2017 after X9 took over
If X9 took over in Nov 2017, then they definitely pumped & exited this shit show.

>>26458586

Wow you are right, looks like they must have pumped and dumped Bitcoin and pretty much every single other crypto in that time period too. X9 must be stopped at all costs.

Imagine trying to defend your scam, but accidentally ending up submitting more incriminating evidence. Only on XSN.

>>26458586
>>26458759
thanks for the bump

>>26458586
>>26458753
>fuds have gone full schitzo
See pic related here >>26437001

>>26458845
These threads feel like pro fudders and pro shillers just having a conversation with themselves..

I hold a MN and its embarassing reading these things. There are clearly fucking problems with communication and for the love of godmput tbe trading fee meme chart away or make a new one.

Still lots of potential here with this bitfinex deal as a liquidity provider , but shillers are making it worse.

Remember that the devs minted 7 million XSN in 2019 for themselves "to fund development". Now it looks like the treasury was just updated, and they've got 348k USD left. How long can you pay 40 developers with 348k? I expect they will print some new XSN soon.

>>26459190
>that spacing
kys

>>26459226
>old 'mint 7 gazlion' fud

>>26459269
Nice

Post

Fag

>>26459315
>key fud
kys skadoosh
>>26459329
go back nigger

>>26459307
>>old 'mint 7 gazlion' fud
How is it fud? Are you claiming that it didn't happen?

good morning my fellow americans. and good morning to skadoosh! never selling my xsn.

>>26459341
You know what really happened since we already told you the answer a billion times already. Kys

>>26457214
Do you even read the discord? Still defending the mcdonalds chart? Lol Draper himself disputed that last night

>>26459399
>complaining about a meme chart
Wow you really are from reddit

>>26459419
Cope

>sold all my ETH for XSN
>it flatlines

do i kill myself now or later

>>26459226
This is from late 2020. Why have they sold more than 5 million XSN in the last quarter?

>>26459475
>seething this hard
Fuck off

It doesn't make any sense for the devs to sell now, if they actually believe in their project. However, if they know something is up, this is completely normal.

>>26459513
>>26459558
cope faggot

Shills:
>guys buy an xsn masternode, you'll get 0.25% of all trading fees from the dex
Team:
>no you won't, regular masternode holders only get 10% of the trading fees, and the per-trade fee will be significantly lower, like 0.1%

Are XSN shills the biggest liars there are in the crypto space?
Now the shills are saying that "only an idiot would have believed our meme charts anyway, haha" and "well of course you're only getting scraps unless you provide $1 million in liquidity, dumbass"

>>26459623
Fud kys

Team is dumping on you as fast as they can. Wonder why those peaks always get flattened out? Here's the reason.

>>26459657
lmao fuck off retard

>>26459515
>from reddit
>all up in your shill thread

>>26459675

>>26459669
>lmao fuck off retard
About the answer is expected. Losing your mind yet? Imagine having every single green candle being pulled back by the team. Guess who dumped on you during the bfx listing?

>>26459737
livecoin hackers? lol

>>26459651
>fud
Right... just look into the archives and go see how many times shills have made the "MNs get 0.25% of all trading fees" claim.
Now when they've been called out, their response is to call everyone an idiot for believing their "memes"

>>26459818
low iq

>>26459818
The funny thing is, just owning it and giving truthful info is bullish! The truth anout the fees is still decent ROI and makes the bitfinex deal make way more sense. The shillers are morons if they think they are helping the price with lies.

>>26459901
Also the liquidy fee going to hubs increases confidence that hydra is coming. Bitfinex would not be involved in becomming a liquidity hub if hydra wasnt happening. And they will ensure it does happen.

>>26460009
delete

Why is this thread not bumping?

>>26460087
get the fuck out

>>26460104
Take a break dude. Never get emotional with your investments