/biz/ - Business & Finance

18 months soon right OP?

DEV UPDATE 3/21/2020:
===============================
Our latest dev update has arrived! https://link.medium.com/oi6Ec0n914

With the latest V 0.2.3.0 DEX release we have confirmed critical and core features working and stable and are able to push forward to launch

Here is a brief roadmap of what is left to be done
>1. Opening of BTC pairs
As we have been using XSN/LTC for testing (due to faster speeds and lower channel fees). We are now confident in the stability of the wallet + swaps. BTC pairs have been prepared & are deployed now. Those in the channel keep on eye out for testing on this soon

>2. MM/ ARB BOTS
Bots are being prepared and launched. Those in the test groups will be seeing low limit orders filling the books as they get rolled out. Expect MM bots on launch and ARB bots soon to follow and develop coinciding with #3 (below)

>3. 1st round of liquidity injections/ limit raises (starting small progressing larger)
The first round is underway. We have developed balance/ fee monitoring and proper security and feel confident enough to begin limit raises and liquidity injections

>4. Single coin swaps (Require only 1 coin per pair to trade)
The architecture is finalized & we plan to deploy a feature where only 1 asset is needed (expected within the next month). This is a necessary requirement, and possibly a final barrier to mass adoption to bring the general public from Centralized — > Decentralized Exchanges.

As our DEX HUB and FEE economics allows many different forms of players to participate and benefit, we’ll be showcasing not just the public but institutional investors, firms and partners big and small who we can onboard and join our emerging DEX network.

If you want early access to the wallet, let one of our mods know and we will add you to the testing channel

>>17987859
(you)

poswallet trash

>>17988018
binance fears the D

>>17988018
Store of Value

>>17988318
Lightning can and will make Bitcoin, as a store of value, capable of functioning like fast P2P cash for txs of any size as it was originally intended to function. :D

Fasten seatbelts /biz
This Opportunity knocks not often on our doors...

https://orderbook.stakenet.io/XSN_LTC

>>17988279

>>17988579
>>17989175
Based. I hope /biz/ understands the massive potential of a permanently-running, infrastructurally-sound exchange that's fast and can be paired with any coin or token that never requires any KYC or registration.
It's but one of many strengths of XSN's code-agnostic dApp platform.

Your entire project is going to burn to the ground. Doesn't LN require tx value of at lest circa $150? It' broken. It's not going to work and the ponzi will come crashing down. BTC is not BitCoin. The world is watching.

>crypto relies on miners to process tx
>also constantly makes mining worse to stop inflation
>eventually mining is worthless and almost nobody does it, causing tx to become extremely slow and expensive
this is an inherent and fundamental design flaw of cryptocurrency and why it can never become widely adopted

>>17987780
Chainlink got it covered. See offchain aggregation and mixicles.

Let's say you want to buy a loaf of bread with btc, then fill up your car and drive to wallshart to buy a gun. You can do it all with BTC, just like with a credit card.
A chainlink adapter fetches the USD price and covnerts the USD price to BTC. It then verifies you signing the transaction with a private key.
You can accumulate all signatures throughout the day, then confirm them all as a batch later. Not only it reduces the transaction costs, it makes purchase instant.

Fees are cheap af rn.

Just accept that Bitcoin will never be used to buy coffee, and everything is fine.

>>17989343

Sorry, I'm more of a big blocks, on chain type guy. You know, like real bitcoin.

>>17989458
This gives u a good overview.
https://youtu.be/sXj3_qKSUBk

>>17989403
Imagine being this retarded.

>>17989343
>Doesn't LN require tx value of at lest circa $150?
You've been very misled by some kind of one true" Bitcoin propaganda. BSV?
One of the key components of Stakenet's earlier beta tests were doing extremely low-volume LN swaps - i.e. swapping 2.xx cents of XSN into 2.xx cents of LTC)

Could you be talking about a minimum on deposits for collateral? In Stakenet's ecosystem, the MNs handle that. Anyone can utilize their collateral for liquidity (sending BTC, swapping into a stablecoin, etc). When they do, MNs earn very small fees.

>>17989403
If Bitcoin scales, it will see tremendously more volume. Miners will make far more than they make now. If anything, demand will be pushed beyond what they provide and Lightning will be immensely helpful for handling the burdens that they can't.
On-chain tx are like IPv4 in a way. Perfect for interests with large sums of money but limited in availability. Lightning functions like subnets in that they greatly expand upon an IPv4 address so that many more nodes can participate in the network.
Ultimately, BTC without Lightning is like the internet without subnetting - stunted to a much lower scale than the modern world can fathom and very underoptimized.
It's perfect for all sorts of purchases that the on-chain network couldn't feasibly handle at a large scale. Good luck buying a beer with your gains if BTC is $100k. Lightning keeps it open as an option.
>>17989458
XSN has Raiden integration, anon. It provides anyone holding Chainlink with an additional layer of extremely fast native interchain interoperability between several coins outside the ETH network.
I think it will, without a doubt, become one of the best platforms to buy and not sell LINK.

>>17989696
>>17989728
kek

>>17987780
>If Bitcoin begins to soar again
Stopped reading right there.
Bitcoin is going to soar when the Dow picks back up.
So never.

>>17989696

>>17990357
So you don't read things that you don't agree with and make serious decisions based on flavor of the week sentiment (DOW correlation) that will eventually be completely forgotten by everyone? kek

>>17990357
>he didnt buy the dip to 5k

>>17989878
Raiden is literally Lightning on ETH.
Lightning and Raiden on one Wallet will be easy said, unmatched till today.

https://youtu.be/3vzMJypkZVc

>>17990831

>>17990831
HiFiDeFi platforms are like regular DeFi on steroids. They give every ERC token a massive power boost.
Let's say LINK pumps to $20 one day and, hypothetically-speaking, this anon here >>17989458 bought LINK when it was still beneath $1. He doesn't swing trade, just buys dips and holds long-term in a secure private wallet until it reaches a price good enough to warrant an exit. $40? Holding out for $1k? That's up to anon.

In the meantime, if he wants to celebrate during a pump, anything payable with BTC is now directly payable with LINK - immediately and with no placeholder tokens or centralized services involved.

A cross-platform between LN, Raiden, and a number of other dApp platforms would be exceedingly powerful and that's what Stakenet is building. :D

H i F i D e F i
i
F
i
D
e
F
i

>>17991345
can i buy bitconnect with it

>>17991345
And no KYC at all. Thats awesome stuff.

>>17991541
Right? :D
>>17991529
In theory, yes.

>>17991637
BASED

>>17991529
Beans too :D

>>17992102
Kek, oldest partnership in crypto. Pic related
>>17988241
If it survived the PIVX delisting fiasco of April 2017, it can survive anything

>>17992102
>>17992378
>>17992397
go easy on the beanpills lads
/biz/ isnt ready. drop too many and you become an infinichad for life

There have been 2 basic ways to trade between cryptos:
>Easily with a CEX
>Painfully (or, at least slowly) with a DEX
In response, Stakenet has developed a powerful ecosystem out of many underdeveloped and nascent technologies. Their solution is fast like a CEX, but free and considerably more secure like a DEX.
XSN's MN network is united in one and owned by many. So long as supply is readily available, anyone can buy 15,000 XSN and take partial ownership in their decentralized supercomputer network - node by node.

>>17987780
>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.
This is exactly what Celer and a bunch of other projects are doing. There is some insurmountable technical problem that's fucking all of them. It's not going to happen.

>>17992689
Celer is a neat project but it got started a few months after Stakenet got hard Lightning swaps up and running. It's limiting itself by running atop ETH.

>>17992807
Bruh they just can't do the hard bits. I don't know the technicals but for whatever reason they're just not getting traction.

>>17992830
Well you're more than welcome to beta test Stakenet if you like experimenting with this sort of thing. They got soft LN swaps up a few months ago.
https://www.youtube.com/watch?v=yLq7xIjf_hc&t=33s
The DEX has come a long way since then. Pic related is from Thursday's build.
They should be turning BTC pairs on in the next few days. :D

>>17992923
>if you like experimenting with this sort of thing
Not really. I'd prefer the teams that have collected 10s of millions of dollars in funding to present a product that actually works.

>>17992974
>present a product that actually works
It works great, anon. Tradebooks are running as we speak
https://orderbook.stakenet.io/XSN_LTC
They've spent the entire bear market perfecting and polishing this. It's finally on the verge of launching now.
Give it a shot
Give it a shot :D

Didn't want to break 700 sat last night, but it just pumped out of nowhere and jumped a bunch of spots in the rankings
Holding really well :D

>>17993284
>ATH $0.88
so 95% down. what are the odds it recovers?

>>17993092
>on the verge of launching
Yeah great. I'll just put your SOONCOIN over there on the pile with all the others if that's OK.

>>17993730
I'm 99% positive that XSN is going to recover and exceed $1 by this time next year. Stakenet launched in Feb-March 2018. It had no ICO and it never saw a bullrun. They've been working quietly this whole time on something fiercely competitive and potentially very disruptive to the crypto industry's current status quo.
As I'm sure you all know, vast use-case and altcoin hype can lead to unprecedented gains.. It just has to be the right season for it.
First day of Spring
Spring into gains :D

>>17993987
You're being unnecessarily cynical, anon. If you've seen the progress they've made in the past few months, maybe you wouldn't be. A lot of the concepts they've been working on they had to code themselves from scratch... And they did so successfully.
It's been in community beta testing for at least 6 months now (longer than that on Linux). Everything you doubt works great in the build available for download today.

>>17994038
why shouldn't i just buy a ton of garbage alts with a blindfold on instead? sounds retarded but most of them outperformed btc last cycle

I don't get it. What is stakenet and XSN?

>>17994502

jfc just watch https://www.youtube.com/watch?v=sXj3_qKSUBk

>>17994398
I can't stop you from doing something like that anon, but if you already dabble in high-risk alts, why not a dev team that's on to such a sure thing?
XSN has been built up and advanced by leaps and bounds since the time when it hit it's ATH prices. Development never stopped.
You could've thrown a G or 2 into DOGE, Namecoin, and Putincoin back in 2017 and made out like a bandit.
Are you sure you'll be able to do the same thing again?

>>17994846
i have a tiny stack of xsn desu
down 40% rn so the odds seem more down to chance than anything else

>>17995250
When sentiment becomes bullish enough, that volatility can work the opposite way. :D
I didn't start trading crypto until early 2017. I got beginner's luck and then lost a lot of money going into alts at the wrong time. Most of them bounced way beyond my initial by December 2017, but there were months where I thought I'd never get my money back..
I never expected that turn around, but it happened. Mind you, these positions had nothing nearly as sophisticated as Stakenet.

My strategy is much more simple this cycle
>Bitcoin
>ONE lower-risk alt (ETH)
>ONE mid-risk alt (XMR)
>ONE high-risk alt (XSN)
No trading or anything. Just DCA buy and hold til the end of next year/2022. This past week has been a great buying opportunity, especially for BTC and XSN.
Good luck anon :D

>>17995516
well i hope ur right anon.
i think im gonna go to bed now. take care

>>17995723
Good night anon.

Why are people obsessed with being able to send quickly. Use fucking XRP. Use BCH. Use Eth For fucks sake. Why do you need everything to be used for normal fucking transactions.

>>17987780
Was gonna say -
"What is stakenet" but you were talking about it the whole time. Bump.

>>17996118
>Why do you need everything to be used for normal fucking transactions.

Mass adoption mega-bull market 2022

WHEN THE FUCK ARE WE GETTING FLAGS?!

>>17996118
>Why are people obsessed with being able to send quickly.
To have more leverage and compete more effectively with central banks and credit card companies and gain a much better perception among the general public.
>swipe
>3 second delay
>'APPROVED'
Bitcoin, which is supposed to function as P2P cash, damn well be able to replicate that if it's going to scale or it will burn out quick.
It has to be Bitcoin that scales, by the way. ETH, BCH, XRP, XSN.. They'll scale along with it, but Bitcoin is the OG and nothing can replace it.
If we don't make the OG coin that has, by far, the most recognition in the world usable for everyday tx, crypto will remain an obscure den of hobbyists who bicker endlessly over trivial differences and occasionally get mocked by the media.
>>17996147
This video explains it pretty well :D
https://www.youtube.com/watch?v=sXj3_qKSUBk
>>17996149
This anon gets it

>>17996455
I know what xsn is. I originally thought you were gonna ask /biz/ what us needed for lightning, but then you said xsn anyway. Good thread btw. Another bump.

>>17996446
Idk, it'd be neat to see state and regional flags. Pic related.
>>17996509
Cool. Thanks anon :D

>>17996734
3MN checking in. Cant wait to buy more link with xsn gains. Might be able to get to 10k and 1lp.

>>17997468
Nice. My goal is 10 MNs. Almost there now. :D

>>17997691
Fucking nice. Im currently getting 27 xsn per day. 10 must be insane. I could have Gotten 5 but i wanted more link. Being a poorfag means i cant spilt too much.

>>17997691
10 MN, wow!
You will make it.
That insane passive income!

Bumping again coz we rarely have good xsn threads.

THREADLY REMINDER
>LN was poorly implemented
I don't see how Lightning will take off beyond a hobbyist phase without massively centralized interests getting involved.
>Stakenet designed an ecosystem that takes what Bitcoin implemented for LN and makes extraordinarily powerful use of it
Stakenet's solution is notable for embedding LN nodes into masternodes so the LN nodes have access to all the collateral locked in the MNs (quasi-centralized liquidity pool within a purely decentralized network). The nodes will be running 24/7 in the background atop all that liquidity to rout payments and should take very little maintenance to keep up.

It could very well solve multiple problems in the industry by meshing the gears of many underutilized together.

Lightning?
>Lack of liquidity. Not profitable enough at the individual level.
Staking?
>Inflationary. Sometimes to an extreme. Underutilized use-case outside of securing the integrity of the network.
DEXs?
>Low liquidity, low volume, paper-thin orderbooks, AND difficult to access for 99.9x% of the world.
Atomic swaps?
>A big win for DEXs but still potentially very slow depending on which coins are being swapped.
Masternodes?
>Like so many staking coins, what do they do other than secure the integrity of the network and inflate the circulating supply?

Using m a s t e r n o d e s and the collateral locked within them to power L i g h t n i n g A t o m i c S w a p s which serve as the infrastructure for what could very well become the speediest and most liquid D E X in the industry and using a conservative inflationary supply to gradually produce more m a s t e r n o d e s which, in a way, provide an opening to expand the exchange with additional servers so it doesn't hit a bottleneck. It's both genius and shocking that no one in crypto seems to even know that it exists.

>>17998409
>>17998512
Ideally, 1 MN is enough to make it :D

>>17997468
>>17997691

17MN on my way to 20, i want those damn orderbooks.

>>17987780
Layer 2 has failed and it's not your absolute shitcoin which will save it, time to move on.

I like the idea of Stakenet and what they're trying to do - can they pull it off though?

Why should I try this beta DEX of yours? What actually makes it stand out from the crowd of DEX's coming out?

And lastly, what actually makes this a DEX and how is it decentralized?

Guys. Look at the price, github and their wallet. Don't buy into this scam. They make lots of promises but havn't a working product after years. The intro of their wallet still says "Bitcoin" and "Created in 2009". It's fucking amateurish. When you fork, at least do it right. Their Stakenet wallet github is fucking dead. No real commits in months. Their roadmap has a lot of things pending at 99%. Why the fuck don't release them? Because they don't exist. They want to dump their bags onto you, shilling it here. Don't fall for it. Look at Twitter and Reddit, the community is dead. Dead project, move on. Create something new.

>>17998907
Nah, they are legit.
Nobody is buying ur Fud.
-Private Github
-Go to the Open Beta and Use it simply

+ Litecoinfoundation doesn’t collaborate with Amateurs.

https://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/

>>17998696
Very impressive.
>>17998821
> can they pull it off
Judging from their progress with the DEX since September, I'd say yes - absolutely. All the integral concepts that the DEX needs to run are developed and are sitting atop months of rigorous testing at the moment.
>Why should I try this beta DEX of yours?
That's up to you. Maybe you might like these sorts of technologies, or you're curious, or you're simply good at breaking software.
>What actually makes it stand out from the crowd of DEX's coming out?
Speed, liquidity, privacy, security, and a sophisticated interchain mesh that strengthens every participating coin.
Atomic swaps are subject to potentially long wait times, whereas Lightning swaps are instant.
>And lastly, what actually makes this a DEX and how is it decentralized?
Read here >>17998609
In short, individual MNs are clustered together to run the DEX and house collateral for LN tx. Anyone can take ownership of a MN and therefore take ownership in the exchange.
If you'd like to read into it more, I'd recommend going straight to the white paper.
https://stakenet.io/Whitepaper_Stakenet_V3.0_EN.pdf
>>17998907
Kek, how can you suck at FUDing this bad?
Look at the picture here -> >>17988018 -> Do you see the update ticker in the bottom left corner of the wallet?
I updated on Thursday. A new build was already out by Saturday.

>>17987780
Nervos is the only project which understands the layer 2 solution ontop of layer 1. get fucked btc

>>17998907
>Why the fuck don't release them? Because they don't exist.

Mmm no... It's because the wallet+DEX must be 100% stable and bug free before launching. Unlike ETH, Stakenet devs prefer slow and steady work instead of rushing and releasing half baked products full of bugs that can fuck their investors. Like the 1200ETH defi heist that happened.

>>17988018
>form bi-channels between parties
>this is a currency!
lmao, I can't believe how retarded you fags are, then again we live in clown world.
None of you know how these blockchain cryptos work, you don't know jack shit. It's purely a speculator's game since it does not function as a currency and never will.
t. competent engineer

Lots of fud in this bread. Binnacle shitmex on suicide watch.

>>18000007
Damn right.
Time is running out for centralists

>>17999960
>if I larp as a "competent" engineer and refuse to read, maybe I'll get the final say
Your lack of understanding is your own loss anon.
It's no one else's fault but your own.

>>18000266
Checked. I wonder if binance and other exchanges will exit scam once XSN-DEX is realised + Raidon.

>>18000266
I actually know what I'm talking about, because unlike you idiots, I'm high iq and happened to study this retarded system during my distributed systems course. Bitcoin is ridiculously unscalable and will die eventually, because their is no other path for it.

>>18000505
Wtf are you on??????? Lightning fixes bitcoin, XSN fixes lightning. It's easy math.

>>18000505
Then explain in full technical detail why you've made your deduction.
If you are who you say you are, it should be harder for me to read than it is for you to write.

bumping

>>18001222
Checked.

The essence of Bitcoin as P2P cash with at-will anonymity is put in jeopardy by centralized exchanges.
BTC is the Cypherpunk Manifesto made manifest for digital cash. Projects like Monero, CLOAK, and Blocknet continued that manifestation along.
After 10 years and a long line of..
>exit scams
>wash trading
>price manipulation
>gatekeeping and shady backdoor deals
>sudden, miserable, Terms of Service changes
>indefinite wallet maintenance
>withdrawal freezes
>an early period of no KYC followed by a rampant KYC crackdown (Polo, Bittrex, Binance.. IDEX?!)
Stakenet's code-agnostic platform benefits crypto in multiple ways. Out of all those benefits, the surest killer app is a fast exchange that's as immutable and as directly obtainable as Bitcoin is.

Ah fuck it, been lurking in this thread but you've convinced me to buy a few MNs in case this shit takes off

>>18002255
Checked.

>>18002255
Checked

Bumpington

MN and Staking XSN..
Comfy af rn.

Wtf whole market is fucked

>>17989458
sounds more like an inherent flaw in BTC doesn’t it?
so then why dont we just dump btc into the ocean seeing as its a dinosaur with way too many fucking problems.

Thank you guys for sharing info about Xsn here. Really interesting project.