[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 1.29 MB, 1920x3477, howxsnworks - Copy.jpg [View same] [iqdb] [saucenao] [google]
20262855 No.20262855 [Reply] [Original]

XSN Whale here, gonna spend some time to answer any questions /biz/ may have. Fudders need not apply.

I will try to answer to the best of my ability so responses may take a while.

>> No.20262892

>>20262855
Regarding Pic related in the OP

These 3 things serve as the basis of XSN.

>The DEX (and future Dapps) are run my mastrenodes.
>The DEX has 3 main stage (stage 1 will be on release)
>Governance is done by masternodes

The image is pretty straight forward, if you have an questions I will attempt to answer.

>> No.20262926

>>20262892
>The DEX (and future Dapps) are run on masternodes*

*Fixed typs

>> No.20262965

>>20262855
Why do people need XSN token? What’s its purpose?

>> No.20263044

>>20262965
Not a disgusting Token.

>> No.20263103

>>20262965
>Why do people need XSN token? What’s its purpose?

XSN is a digital money (like bitcoin) so it's not a token but a coin.

XSN is required as collateral to create masternodes. 15000 XSN = 1 masternode

XSN is used to fund development, this comes from the treasury. Funds are released based on masternode voting (see the 3rd section (bottom) of pic related in op)

XSN is minted by proof of stake. 1 block is made every 60 seconds.
20 XSN comes from 1 block
9 XSN goes to stakers
9 XSN goes to a masternode
2 XSN goes to the treasury

>> No.20263105

>>20262855
Are my 4 master nodes enough?

>> No.20263120

>>20263105
Yes, 1 masternode is a make it stack. 10 being fuck you money. Long-term, this project has some lofty goals which I recommend checking out the whitepaper if you have time.

In short 4 is enough, depends on how rich you want to be.

>> No.20263143

>>20262965
>>20263103
To further explain, on what masternodes do (taken from the stakenet whitepaper);

In addition to Masternode default features like instant send and decentralized democracy, our
Masternodes are aimed to be one of the most powerful stations within the crypto
industry and will earn a passive income based on the services they provide. They
will:
− Host and run XSN Dex.
− Host all needed blockchain explorers to ensure true decentralization.
− Host all blockchains needed to keep XSN Dex decentralized and light.
− Handle Lightning Swaps and Tokenized Swaps between different blockchains.
− Be used as watchtowers to host and monitor Lightning Channels.
− Use their collateral to provide Lightning Network liquidity.
− Authorize and secure the transfer of tokenized coins between different
blockchains.
− Facilitate instant and private on-chain transactions.
− Provide onion routing and ensure secure exit points for the network.
− Host dApps for Stakenet and other blockchains.
− Be used for the decentralized democracy of the network.
− Offload CPU and database capacities for everyone within the Stakenet
mesh.

>> No.20263162
File: 118 KB, 1280x719, masternode uses.jpg [View same] [iqdb] [saucenao] [google]
20263162

>>20262965
If you have any more questions regarding the XSN coin or anything else please let me know.

>> No.20263210

Not sure whether to post here or the other thread. But if you could answer some concerns.

>how exactly does the DEX work

Now, there's been some questions in the threads lately over the aggregator. No one seems to know the definitive answer, or maybe I just missed it. Can someone log onto Stakenet and buy an assest on Binace. If yes, how exactly is that working, never mind the legality of bypassing the kyc. Is someone connected to Binance through their account, sharing the API code with Stakenet? How many people have to share this API with Stakenet for the DEX to work correctly?

If no, is it only the people that want to have the aggregator function. Example, some pro trader signs up on multiple exchanges and then plugs all the API codes into Stakenet, which then goes around finding the best price for that specific trader. Not for everyone. Where is the liquidity coming for a trader on the Stakenet DEX, that hasn't signed up for all the other exchanges.

>no kyc

How exactly are they going to get around this, if it takes off. Honestly this is my biggest one. DEX is a solid idea, people shouldn't have to submit to it, but lets be honest. DEX's don't get a lot of volume. Take for example IDEX. It bans users from the US right? What happens if the US says to Stakenet, you gotta ban all users from the US. How would they do that? Also all DEX/CEX have a registered country. Yes it's always some tax haven island, but still, where's stakenet registered? I can't seem to see that anywhere. They'll have to share this information with coinstats type websites if they ever take off.

>whales

Now, I thought the people with 200-300k where wales when I first seen these threads a couple of weeks ago. I've only recently found out there's random users in that Discord that have millions. Multiple millions actually, and that's not including the devs/Frank. What makes you so sure this isn't going to pump and dump / exit scam. Just believe? I'm fine with that answer by the way

>> No.20263240

>>20263162
its been over 100 hours since I set up my MN and still no rewards, is this normal?

>> No.20263292

>>20262855
Why is everything fucking pumping non stop?! I was gonna buy 2 MN worth of xsn and now I can barely afford a little over 1. Please fucking dump. Where's the fud pls?

>> No.20263300

>>20263210
top 11 wallets have over a million and the top 3 are staking, exchange, and burned so a max of 8 people have over a million XSN. Doesn't sound like too many to me

https://xsnexplorer.io/

>> No.20263337

>>20263210
>how exactly does the DEX work
Regarding the aggregator, it works like any api;

"With Stakenet’s API the user can connect into any exchange that offers the use of API for trading like Binance, Livecoin, KuCoin, Bittrex, etc and bridge the gap"

So basically any number of people cam use this, it doesn't need a set number to work.

"The way a DEX Aggregator works is by spotting differences in the prices between assets. In simple terms, imagine if the price of BTC/USD was $10,000 on one exchange and $9,900 on a different exchange — the aggregator can take advantage of the difference in price by buying low from the one exchange and selling high on the other.

Our DEX Aggregator, will work for the user by checking multiple exchanges to find the best prices and post the orders within the Stakenet DEX orderbook. This works in favour of not only the DEX user, but the other exchanges as well as they get increased volume."

Sorry, kinda hard to answer your question about the aggregator but will continue to help you understand it if it's not clear.

>no kyc
They basically can't ban people due to the nature of the DEX. It's a piece of decentralized software hosted on masternodes (stage 3 hydra).
I think stakenet is based in New york.

https://www.x9developers.com/

This should tell you about the devs.

>Whale
100K XSN is a whale I think this project is legitimate because of the tech. I've read the whitepaper, I read the discord several times a day, i've read nearly every article they have put out. I've also beta tested the DEX and seen the progress they've made over the past few years. From the amount of effort they've put in it seems legit, not to mention Frank(used to work in JP Morgan high level position).

>> No.20263353

>>20263300
>https://xsnexplorer.io/

Pretty sure that every MN address is a different 'wallet'. The masternodes are not listed on the richest addr page.

There's someone in the discord with over 30 masternodes iirc. Not to mention the /biz/ whales that have over 10 MN. These people will dump when they make any substantial profit. Again, why do we think this is actually going to take off and 1MN is a make it stack? Surely you need at least 10MN to make it, since the supply is inflationary, and we are speculative on the amount of DEX volume.

>> No.20263357

>>20263240
It normally takes about 5 days before you node starts getting rewards.

>>20263292
XSN has been flying low under the radar for the last 2 years, slowly dumping down. It went down 90%+ in the bear market. Things are now finally starting to happen, not just to mention the upcoming release of XSN DEX.

Also if you've noticed the mass fudder lately... he basically has nothing to fud with, everything he has said gets disproven.

>> No.20263398

>>20263353
This is correct, every masternode has it's own wallet address. This is where the collateral is stored and MUST BE EXACTLY 15000 XSN.

The highest i've seen is someone with 60+ nodes.

>These people will dump when they make any substantial profit.
This is not correct. No masternode owners want to sell their nodes. At the current price it's pointless to sell node/staking rewards.

It is much more profitable to hold a masternode and get passive income from block rewards/dex fees and other passive streams (upcoming) then dumping at the current price.

>> No.20263415

i don’t understand how a MN makes you money. you get a percentage of each transaction? and that’s based off the current price of xsn? how many transactions actually happen on average?

>not trying to sound dumb genuinely curious

>> No.20263430

>>20263337
Right, so it's a single user that has to connect to the other exchanges and then Stakenet's agg finds the best price? That's cool as fuck, not going to lie. Many people will use that

However! That's not what is happening in the Beta. There's 100's of people using the Stakenet interface to buy on other exchanges. Someone tell me how that is working. Is there a Dev account connected to Binace that is sharing the API with Stakenet. How else is it working then. I am trading on Livecoin without setting up an account???? If yes, then that's got to be illegal.

If no, and I'm not understanding it, please tell me. Cause I even can't find an answer on Discord. The closest answer I got was 'lmao why would they ban it' Now, you've got to see how that answer is pure fucking shady. That was a dev answer, too.

Say me, a random dex user that doesn't want to go through any kyc. I log on to Stakenet and make a trade. Is that trade being settled on Binance. As in, is Binance moving money around. If that answer is a yes, then this project will be shut down after it gains momentum. That will not be allowed. API trading is allowed because a user has verified through kyc that it is themselves using that API. You can't let a bunch of random people make trades for you.

>> No.20263459

>>20263415
See >>20263103

Basically every 60 seconds a block is made. The rewards from that block get split up

45% to stakers
45% to 1 masternode
10% to the treasury

A masternode gets a reward currently around once every 30 or so hours. (average is 6.8 xsn a day)

>you get a percentage of each transaction?
See OP pic related (the middle section right hand side HYDRA NODES)

When step 3 of the DEX is out fees from transactions will go to masternode with 10% of fees automatically being used to buy XSN at market price and then sent to a burn address. (Note the 10% burning will happen from stage 1 GAIA)

>how many transactions actually happen on average?

This will depend on the amount of volume going through the DEX.

>> No.20263558

>>20263430
>Someone tell me how that is working
It work likes any API. it connects with api's set on those exchanges.

>I am trading on Livecoin without setting up an account
Yes, you can buy/sell orders off livecoin/binance atm by using the DEX

>If yes, then that's got to be illegal.
There is nothing illegal about using API's. Most CEX's already use Apis so wouldn't that make those CEX's illegal?

>lmao why would they ban it
They can't ban it, banning it requires them to ban all apis in that case.

>Say me, a random dex user that doesn't want to go through any kyc. I log on to Stakenet and make a trade.....
Yes.
Look it at this way. If I log in the binance and buy chainlink with Bitcoin binance is in control of the funds (coz it's there keys). All the XSN aggregator does is connect that with the api, allowing it to be done simply by using the XSN DEX.

>then this project will be shut down after it gains momentum. That will not be allowed. API trading is allowed because a user has verified through kyc that it is themselves using that API. You can't let a bunch of random people make trades for you.
Are you being serious, or is this fud? It doesn't work like that. Nothing illegal is being done here. You don't seem to understand how api trading works or what the blockchain was even made for....

>> No.20263598

>>20263398
But it's not going to stay at the current price. What happens when XSN is at $1 or $5? We'll see some selloffs then for sure. If those buying dont have enough for a whoe MN then they'll stake

>> No.20263676

>>20263162
I feel like im too late to the party for top tier gains. am i right?

>> No.20263699

>>20263120
>In short 4 is enough, depends on how rich you want to be.
I wouldn't mind fuck you money. So I'll probably get a few more MNs.

>> No.20263749

>>20263676
Its under $1 so you're very early still. $5 EOY, $100 during the peak bullrun next year, maybe even higher

>> No.20263764

>>20263558
Listen, I have my masternodes and I love the project. However, I still have my concerns. Your answer is still the same one that the dev's give on Discord.

>Are you being serious, or is this fud? It doesn't work like that. Nothing illegal is being done here.

I am being serious. You don't see anything wrong with settling a trade on an exchange that requires a user to go through kyc? Come on man, that's shady. Not to mention the whole idea of this project is to offload it to the MN network so it cannot be stopped. This is crypto after all, and we're in it for the gains, but don't tell me you don't think the idea behind an unstoppable network of nodes making API settlements on kyc exchanges isn't a little, tiny, bit suspect? I am already trying to plan out how I can get around this, like setting up a vps and running it from Linux, cause that stakenet mnaas is going to get shut down.

Let me also point out, that another anon said no. That isn't how the DEX works, and only people using the agg function are the ones connecting to exchanges. So in reality there's still some miss-information going around. If I'm completely wrong with my thinking then tell me without screaming. Cause I'm really not getting it.

>> No.20263781

>>20263676
See >>20263749
XSN is easily a top 20 coin. The current 20th rank has a marketcap of 2Billion. If XSN had a marketcap of 2B it would be $20 per coin.

>>20263699
Checked and based.

>> No.20263847

>>20263764
Nope, there is absolutely nothing suspicious or illegal with what stakenet is doing. You don't seem to understand the crypto space as a whole. KYC CEX's are not what blockchain technology is supposed to be. XSN DEX will be the first true platform to buy/sell crypto the way it was meant to be. Fast, low fees and no kyc bullshit.

NOTE: Stakenet is not providing FIAT ramps. FIAT is when you start having legal issues. So they are sticking to just crypto to crypto, FIAT may be something we see in the future as the crypto space evolves as a whole.

>That isn't how the DEX works
The aggregator is supposed to help with liquidity.

"There are many exchanges out there, which means that liquidity is spread-out across these exchanges. They are like little islands all on their own, at Stakenet we aren’t interested in building another isolated island, we are in the business of building bridges between those islands in a real-time manner."

"As it conglomerates the user bases, the aggregators do the work of spotting differences and allowing the users to get the best price available, whilst exchanges benefit from increased volume."

NOTE: The aggregator just helps with liquidity, once the DEX has high volume on it's own the aggregator won't be needed as much, it will still be there of course.

>> No.20263864

im slightly upset i didn't manage to buy more during bear market, and kept my mn running for the entire time. now i have 20k and wanted to double it but xsn went up too quickly and now is painting another bull flag baka doubt my orders at 2500 would ever get filled

>> No.20263865

>>20263764
How the DEX works as explained by gainz in the discord:
>It is ran by a person who has both an account on a CEX and also DEX. The owner puts assets on both accounts, let’s say 1btc and 100ltc on each. When the bot see a price disparity between two exchanges (depending on the strategy they set) it will place a buy order on the CEX and sell order on the DEX instantaneously. Nothing is withdrawn or sent out of its main wallet.

>> No.20263887

>>20263764
It’s just arbitrage. Stakenet shillers try to be all fancy by saying “muh it connects liquidity to other exchanges” it’s really nothing special. Arbitrage has been practiced for years and that’s how they “connect liquidity”. It’s just bullshit hype. And this is coming from a master node holder.

>> No.20263896
File: 77 KB, 697x322, suckisucki.jpg [View same] [iqdb] [saucenao] [google]
20263896

>>20263865
I'm pretty sure that poster is pic related.

>>20263887
Not quite.

"Up until now, aggregators couldn’t run correctly on DEX’s as the settlements were not instant. This meant that once a trade was done, they had to wait for the funds to be received via normal blockchain confirmations before they could make the opposing trade — and in trading, every second counts.

As our DEX is built upon the Lightning Network (LN), the API allows for bots to connect and trade, and perform arbitrage with other exchanges. What truly makes our DEX unique and stands out in the crowd is that trading over the LN — once a trade is submitted and filled, the settlement is instant.

This allows Vortex to trade confidently as once the trade has been performed on the Stakenet DEX, it knows that it has the funds within microseconds and can complete the corresponding trade within the CEX/DEX orderbook."

>> No.20263917

>>20263847
Your not answering my question.

Me, anon. I log onto Stakenet DEX and trade BTC/LINK all day. The trades are settled on Binance/Bitfinex and I am using Joe's API to connect to them. Is that correct, or is it not?

You honestly, truly, don't see a problem with a fucking human being making trades using essentially, someone else's account? Like I said, someone else said no that's not how it works. So I'm totally in the dark.

>You don't seem to understand the crypto space as a whole.

It doesn't matter what we want it to be. It's essentially Piratebay but for crypto. Profitable, hell yes. Dodgy, hell yes.

>> No.20263932

>>20263896
I just told you I'm invested in the project. Fucking hell man. It only proves to me that no one here truly understands it when they can't give a simple answer to the most basic question.

>> No.20263934

>>20263896
Thanks for making this thread OP.
I've got 2 masternodes, what's the income gonna be like if the DEX gets 100 MiO volume/day for example?

>> No.20263958
File: 27 KB, 250x201, czlovesxsn.jpg [View same] [iqdb] [saucenao] [google]
20263958

>>20263917
>Your not answering my question.
I have. The api is automatic, it could be joe it could be jim or bill or bob.

>don't see a problem with a fucking human being making trades using essentially, someone else's account?
They have set their account that way.

>>20263932
>Invested
>Keeps asking about aggregator
CZ please.

>> No.20263959

>>20263865
Okay, so how does it work for someone that doesn't want to sign up for a CEX. How exactly is that random dex anon making settlements. If you tell me that the random dex anon's trade then goes through an API which SETTLES IT ON A CEX.... then you must see how that's going to be a concern. If it doesn't go through a CEX. Tell me how the fuck it works lmao. Cause all I'm seeing is 'yeah no kyc forever yeehaaa' but then also 'yeah you gotta have accounts on all the CEX's for the agg to spot price differences'

Which fucking one is it lmao.

>> No.20263964
File: 130 KB, 545x472, 1593277466165.jpg [View same] [iqdb] [saucenao] [google]
20263964

>number go up
>masternode go brrrr

>> No.20263977

>>20263958
>they have set their account that way

Cool, so I'm making trades through someone else's account. I'll keep that noted for when the other anon wakes up and say's that's not how it works.

>> No.20263996

>>20263917
>>20263932
You like to shit on them but you ignore my post (>>20263865) which explains perfectly and in a simple manner how this shit works. There is nothing illegal about this method. It's literally just arbitrage BUT (the but is what makes it special) decentralized. oh and the dex fees go to MNs of course.

>> No.20264010

>>20263996
Not to mention that settlements are instant.

>> No.20264021

>>20263959
Can you read? The arbitrager has 2 pools of assets on BOTH the dex and the cex. Trades on the dex are made and stay in the dex. Then the arbitrager makes the same trade on the cex on his own. Thats how arbitraging works

>> No.20264026

do you need to download the whole xsn chain with the core-wallet?

>> No.20264044

>>20263996
I replied to your post here >>20263959

I am not shitting on anyone, I am invested in this also and I love the idea. I am not understanding a few key points, and everyone screams FUD.

Can you answer this >>20263959

I want to log onto Stakenet and trade my own BTC for link. Where does that link come from. From a CEX account that someone has opened? From the DEX order book itself?

>> No.20264052

>>20264026
>Core wallet
Yes, check out the XSN discord. Link on their website stakenet.io

They can provide you with details. Bootstrapping will make it faster.

>> No.20264059

>>20264010
Indeed

>>20264044
See >>20264021

>> No.20264067

>>20264021
Again that's just different to what someone else said. I asked quite clearly and got a response here >>20263558

>>I am trading on Livecoin without setting up an account
>>Yes, you can buy/sell orders off livecoin/binance atm by using the DEX

So now you're saying nah, that's not how it works. Which fucking one is it. Yes I am also a mongoloid retard. Explain it simply.

>> No.20264073
File: 88 KB, 696x696, Moonshot.jpg [View same] [iqdb] [saucenao] [google]
20264073

>>20263764

The aggregator is just someone (can be anybody) who's running an Arb bot and has kyc over binance or any other CEX he wants to aggregate. He is paying the fees at the CEX, so why would they ban him? and even if they wanted, how can they know for certain that he also trades on the DEX?
If you look at it simply you can see that everyone wins.

CEXes- getting fees from the aggregator
DEX users- getting liquidity
Aggregator- makes profit from the price spread.

About governments.
It's a non custodial exchange, so it isn't bounded to any regulation. They are literally playing 4D chess with governments kek.

>> No.20264117

>>20264067
He's saying that because that is what it comes down to in the end. You make a trade on the dex and eventually this liquidity is taken from binance/livecoin.

>> No.20264125

>>20263917
It is noncustodial. Basically you would place an order and then Joe would buy from binance and sell to you in an instant. You didn't buy from binance with anyone else's account. You just placed an order that someone else filled by buying from binance. Of course that someone can't withdraw funds that fast so he would have to have some liquidity in their wallet that would be replenished when they withdraw from binance. All of this would be done by a bot.

>> No.20264127
File: 1.26 MB, 640x480, 1582027814339.gif [View same] [iqdb] [saucenao] [google]
20264127

>>20264052
do yuo get that cool UI when the whole wallet is downloaded? it looks like shit rn.

>> No.20264131

>>20264073
>>20264117

So just to get this right, once and for all.
Me, anon. I don't have any CEX accounts, only a Stakenet wallet. I log onto Stakenet and trade BTC/LINK all day. Is that BTC/LINK being traded on my behalf, on a CEX

>> No.20264145

>>20264067
That doesnt mean that a non kyc user on a dex is somehow hacking into the binance orderbook to get shady trades in. The assets change hands through an arbitrager and that is totally and even better for cexes than if it wasnt there like >>20264073 is saying

>> No.20264154

>>20264131
no, to my understanding you are setting up a order on a dex and someone instantly buys from a cex (binance and bots) and fills your order.

>> No.20264155

>>20264125
So someone then has to have a CEX account right? Who has that CEX account. Is it multiple?

How can this market itself as 'no kyc ever' if someone is doing KYC to get an account on a CEX to get these orders?

>> No.20264158

>>20264131
No youre just trading with an arbitrager who makes money off of the difference buying cheap from the cex and selling a bit higher to you.

>> No.20264189

>>20264154
>>20264158

See >>20264155

Who is buying it from the CEX. Someone then has to have went through KYC to get that professional Trader account on the CEX. How exactly are thousands of anons getting these orders filled on the dex.

>1000 anons place an order for 1 btc
>the 'bot' then buys all them from a cex
>this 'bot' is linked through a single CEX account

Who's fucking account is it getting the API from. Is it a Dev? Someone is going to make a fuckload of money, a fucking fuckload. And we don't know who or where it comes from?

>> No.20264211

>>20264155
The arbitrager has a kyc account yes. Multiple? Probably. Maybe not now since its still not released yet.
>How can this market itself as 'no kyc ever'
Because the end user doesnt need to have kyc just to trade. The arbitrager that does is making a business out of it being a middleman. If you just want to trade your btc for link you wont need to go send your passport to them, pay trading fees, then pay withdrawal fees anymore. You just pay a trade fee and youre done, and at the same time you keep your private keys.

>> No.20264213

>>20264155
well you dont need any kyc, only the guys doing the arbitrage.

>> No.20264220

>>20264155
If you just want to buy and sell on the DEX you don't need to do any KYC, but if you want to run arbitrage and make a small profit from filling people orders on the DEX, you will need to link up with a exchanges API. If you don't want to do KYC you could always choose a CEX with no KYC or a different DEX. But once again all this is option, you can buy and sell on the exchange no problem with no KYC. It is only from arbitrage traders.

>> No.20264245

>>20264127
The core wallet isn't the greatest atm. The SLICK UI is the DEX which is in beta. The devs have stated they will work on the corewallet after DEX release.

>> No.20264254
File: 70 KB, 886x886, 1585420700554.png [View same] [iqdb] [saucenao] [google]
20264254

>>20264245
where do i download the dex wallet?

>> No.20264255

>>20264189
>Someone is going to make a fuckload of money, a fucking fuckload.
Exactly because of this is why there will be many arbitragers trying to do their thing on the dex, leading to more liquidity, leading to more volume. Vortex

>> No.20264262

>>20264211
>>20264213
>>20264220

So Stakenet still has to rely on people, who have went through KYC, giving their API keys over to the XSN exchange in order for their to be enough liquidity.

In the beta test right now, has anyone asked who's account it is using to fill the orders on Binance/Livecoin.

>> No.20264266

>>20262855
how many coins do I need to buy a small car from it?

>t. europoor who spent everything on AMPL

>> No.20264283

>>20264254
You'll need to go to the discord and ask. They will let you know when the next stable build is ready.

>> No.20264307

>>20264266
>how many coins do I need to buy a small car from it?
Depends on the price of the car.
Right now 1 masternode (15000xsn) is worth $4195.08 usd.

Note the price of xsn will increase.

See >>20263781

>> No.20264309
File: 34 KB, 640x480, 1586500970333.jpg [View same] [iqdb] [saucenao] [google]
20264309

>>20264283
discord? ew.

>> No.20264363
File: 97 KB, 750x791, Send it.jpg [View same] [iqdb] [saucenao] [google]
20264363

>>20264131

No you're trading against an Arb bot that is connected to the DEX and a CEX at the same time, then the bot execute his trade on the CEX on behalf of the person running the aggregator. And you stay Anon

>> No.20264517

>>20264363
So how do we ensure there's enough liquidity on that persons account?

Say this person has 5BTC. 6 anons log onto stakenet and then all purchase and order for 1 btc at the same time. How is that going to work.

This is going to need many, many, liquidity providers for it to be any sort of popular, right? Not saying it won't happen, but, that's going to be what's needed right?

>> No.20264557

>>20264517
>Say this person has 5BTC. 6 anons log onto stakenet and then all purchase and order for 1 btc at the same time. How is that going to work.
The first 5 get their btc and the last one has to wait till someone fills his order whether another trader or arb bot.
Or if the first arb bot can send btc to his DEX bot in time using lightning if a CEX supports it.

>> No.20264624

Am I the only one who thinks this has redacted vibes? I don't want to sound like a shill I know how much fags here love redacted, but we haven't seen this many threads with this many legit posts and discussions for a long time.

>> No.20264768

>>20263959
Think about it this way. You are trading with Joe. Joe has your Link or whatever. Joe then makes a corresponding trade elsewhere. Joe is not “placing an order for you”

>> No.20264847

>>20264262
Dude what are you not getting about this? People use aggregators right now. If I have 5000 Link and you place an order for 100 Link on a DEX, I fill your order. I the replenish my LINK, (SEPARATELY) from your order on Binance. There is nothing illegal about that. Now just think of that with Bots so it is all done in seconds.

>> No.20265064

>>20264847
Ahhh, that makes sense. Another way of putting it would be: You as the end user of the dex puts your order on the DEX. THEN the people running the aggregators/whatever, take your order on the dex and fills it on the CEX, and conduct the swaps etc. So it's basically first come first serve for all the people running the aggregators trying to fill peoples orders from the dex?

>> No.20265096

>>20264847
I'm clearly not getting it lmao.

So then right now on the beta test. Are all the beta testers trading on the dex connected to one dude's API on Livecoin?

>> No.20265172

>>20265096
>Are all the beta testers trading on the dex connected to one dude's API on Livecoin?
As of right now, that is essentially what is happening I believe. Not sure if they've tried running multiple aggregators on different exchanges yet, but I'd take it they have.

>> No.20265283

>>20265096
Have you seen this video? I think it's the best one yet.

https://www.youtube.com/watch?v=e2MKOXXg048

>> No.20265431

Turkey will have plenty of new millionaires by the EOTY

>> No.20265507

>>20265431
Turkey?

>> No.20265730

>>20265507
Yes. Other coins have pajeets, xsn has roaches

>> No.20266051
File: 77 KB, 736x361, EcWe4CSWkAcwKF5irs.png [View same] [iqdb] [saucenao] [google]
20266051

>>20263917
>>20263996
>There is nothing illegal
Lol the whole thing is criminal. This DEX is going to be a haven for criminals to launder their money. Crypto is already associated with the underground because its easier to launder money....but this takes it to a new level.

Once you start handling large volumes of money you need to register as an exchange. And as an exchange, you need to do KYC. This is supposed to prevent money laundering and other shady shit. Crypto didnt have this a few years ago, but suddenly the space got really, really serious over the last few years and most exchanges are doing KYC now. Why? Because the space is going to mature.

No institution is going to touch this project. This project can't ever hope to reach the heights of Monero because the whole thing is centralized. Monero is decentralized. Stakenet shills can claim its decentralized, but Chainalysis and other investigative organizations are gonna be all over the nodes used to exchange liquidity. Plus they'll get the help of Binance and any other CEX whether they want to help or not.

>> No.20266093

>>20266051
That a fucking HYDRA man. Cut one head two grow back

>the whole thing is centralized

KEK: That's the most decentralized project out there. Back up your claims you moron

>> No.20266132

>>20265172
And you don't see how that might be cause for concern? Using your API to be run from a bot, that's considered ok because it's a fucking bot. This is essentially letting other people use that API connection, real humans that have not went through KYC, to trade on a KYC enabled platform.

>> No.20266158
File: 163 KB, 813x551, 1594321720533.jpg [View same] [iqdb] [saucenao] [google]
20266158

>>20266093
>That a fucking HYDRA man. Cut one head two grow back
Keep dreaming chief.
>>20266093
>That's the most decentralized project out there.
No, by definition its centralized. XSN is setting up a network that will have certain patterns. Once one aggregator is identified, it will be easier to identify other aggregators. They will easily map out the entire network of XSN once they figure out the pattern and who is exchanging money to who. And these aggregators must have an account on a CEX.
>me believe pretty pictures me believe what they say me believe xsn $100
delusional, pic related is you

>> No.20266229

>>20266132
>This is essentially letting other people use that API connection, real humans that have not went through KYC, to trade on a KYC enabled platform.
Yes, exactly. That's money laundering.

>> No.20266236

>>20266051
They aren’t handling large volumes of money though. Users are making P2P trades directly to each other. There is no centralised trusted party involved which means there is no need for KYC unlike a CEX which is the central party and that’s why they require it as all trades go directly through them this is not the case for a true DEX

>> No.20266259

>>20266236
>They aren’t handling large volumes of money though.
They are. After all, XSN is going to be $100 right? I mean, this is the ultimate irony here. Unless XSN stays small they will be handling large volumes of money. If XSN stays small, then they won't, and authorities will probably turn a blind eye. But then you won't get your XSN $100. It's a catch-22.

>There is no centralised trusted party
There is - the aggregator. The aggregator must have an account on a CEX, correct? Therefore the aggregator must go through KYC. Since the aggregator is doing something illegal, who is gonna want to go through KYC?

>> No.20266265

>>20266229
I thought so, as you can see I've been trying to get that answer from the start.

>>20266236
true DEX

We've established already that Stakenet has to rely on people who have went through KYC on a CEX to get the API codes to put into Stakenet. This isn't a dex. It's a CDEX or some shit. Allowing some people to trade without kyc, and other's profiting by those users (who have went through kyc). From the money laundering perspective, you can see how someone could generate clean money from this, having went through KYC and making profits while doing no work.

>> No.20266279

>>20266229
By that logic all crypto to crypto trades are money laundering. Is Uniswap money laundering?

>> No.20266290

>>20266265
Is Uniswap money laundering then?

>> No.20266311

>>20266265
>has to rely on people who have went through KYC on a CEX to get the API codes to put into Stakenet.
You're disregarding the fact that the dex ìs supposed to run separately from the aggregators. The aggregators are literally just there to help with liquidity when the liquidity is low on its own. If it garners enough traction before whatever hypothetical "no one's going to risk doing something illegal", then what would prevent anyone from just sending their assets to the dex once it's big enough on its own? The services provided are strong on their own, so I'm sure a lot of people would prefer it to trading on a cex either way.

>> No.20266344

>>20266311
I'm starting to think he is just concern fudding. It has been explained to him in clear terms various times in this discussion. He is either a moron or he is concern fudding my guess is the latter. We might as well stop trying to help him.

>> No.20266359
File: 161 KB, 914x603, IMG_20200711_114351.jpg [View same] [iqdb] [saucenao] [google]
20266359

>>20266158
>>20266229

>ItS IlEgAl

Topkek. Nice cope faggot.

>> No.20266395

>>20266158
The aggregators assist in providing liquidity which will definitely help in the beginning, and once the DEX is fully utilised by traders, there will be people there trading against each other and providing enough liquidity for the orderbooks themselves.
In addition to this, why would a CEX stop the aggregator? They are providing increased volume to the CEX themselves, they pay their trading fees as would anyone else using a CEX, they are no different to a regular trader in that sense but they will be providing that CEX much higher liquidity because of the wider access it can give that CEX as well

>> No.20266413

>>20266344
Yeah you're right. I mean, what prevents anyone from just buying shit at a non-KYC CEX or even KYC CEX, sending their shit to the DEX, trading against whatever liquidity is there (aggregator supported or not), sending it to a "legit CEX" and just cashing out? I honestly can't see a single problem. Even if they want to "regulate it", how the fuck would they be able to? By going after all the thousands of chinks, russians and pajeets who setup these aggregators on a daily basis? I mean, even if some of the larger CEXes would do that, the liquidity gained from aggregating all the non-KYC exchanges would most likely be enough to gain enough traction.

>> No.20266429

>>20266344
>>20266311
>fudding

I'm just genuinely trying to work it out, as I've said in many posts. I also admitted to being a low IQ brainlet.

>> No.20266434
File: 17 KB, 205x204, 6847_feelsglassesman.png [View same] [iqdb] [saucenao] [google]
20266434

>>20266279
>Is Uniswap money laundering?
Uniswap is not acting like an exchange per se, it allows you only to swap at market price. You are swapping currencies, similar if you were to go to a Travelex. There is still a trail therefore its not really money laundering.

>>20266311
>then what would prevent anyone from just sending their assets to the dex once it's big enough on its own?
Sending their assets to the dex = making it a cex, that is centralizing your assets, which would then require...KYC
>>20266359
If you believe that explanation, youre a gullible moron.
>Its common in all jurisdictions that if you're not a custodian
This is irrelevant. If you are acting as a medium of exchange (aggregators) then you need to do KYC.
>We have lawters to confirm all of this
Clearly they dont, they can't, no lawyer in his sane mind will want to touch this. I understand you had some lawyer involved with the project long ago, right? It's a joke, lol

>> No.20266442

>>20266413
And in follow-up to the last point. Why would the CEXes not want to be aggregated? They would literally HAVE to acclimate or lose thousands upon thousands of customers to the DEX which draws liquidity from the other CEXes out there.

>> No.20266459

>>20266395
>why would a CEX stop the aggregator?
Because they will be forced to by Authorities, and they dont want to be assisting in a major money laundering enterprise.

>> No.20266515

>>20266459
Even tho if Stakenet DEX become that big that some want to ban it.

1. You will have make $$$$$ on your investment cause it will moon to pluton before that.

2. If they are big enough for so called "authorities" to try to stop them it means DEX users won't even need to use the aggregators since their will be enough volume on the DEX on his own.

Aggregators are just one part - the DEX is still peer-to-peer, where users can trade and place their own orders like any other exchange.

>> No.20266518

>>20266459
Same retard from yesterday that doesn’t understand what an aggregator is and how it works despite being told multiple times.

Again fuck all being done wrong here it is just a DEX. A DEX that has an open source API which means people can run aggregators on it if they want too. If they do they they operate the same as any other aggregator would that is operated on pretty much every exchange to exist.

>> No.20266574

How u became whale? Tell story

>> No.20266585

>>20266413
>>20266344
>what prevents anyone from just buying shit at a non-KYC CEX or even KYC CEX, sending their shit to the DEX, trading against whatever liquidity is there (aggregator supported or not), sending it to a "legit CEX" and just cashing out?

Nothing, if you're going to do something illegal, then you go do it. The aggregators just make it a bigger target.

>>20266515
>1. You will have make $$$$$ on your investment cause it will moon to pluton before that.
Well, yeah, that's your catch 22. Stakenet could evade authorities because it handles large volumes of liquidity, therefore it doesnt moon.
Or
It does gain traction and then it does gain the eye of authorities.

Regardless, its illegal, because you are doing Non KYC trades. Period. Its that simple. Connecting your DEX to a CEX just makes it an EVEN BIGGER TARGET! Which is what we've been saying.

This is why me and others have been saying that a DEX is a shitty investment these days. Theres no way that you are coming out of this on top unless your pump team works overtime to get as much delusional, out of their mind retail money into this to pump it.

Really, who cares about a DEX? What are the selling points? Well, its Non-KYC. Who cares about non kyc? Criminals. There you go. Simple logic.

>> No.20266606

>>20266518
>You dont understand what an aggregator is
I wasnt on here yesterday. You keep repeating that same thing, we know what an aggregator is. And its going to be a huge target for authorities.

>> No.20266608

>>20266434
Keep going skadoosh! At this rate you’ll be looking 50 by the tune you turn 30 kek

>> No.20266619

>>20266574
Buy high
Sell low

>> No.20266630

>>20266434
>Uniswap is not acting like an exchange per se, it allows you only to swap at market price. You are swapping currencies, similar if you were to go to a Travelex. There is still a trail therefore its not really money laundering.

It's the same fucking thing essentially. Nice try though.

>> No.20266682
File: 181 KB, 869x767, 17-06-12-1593845621227.jpg [View same] [iqdb] [saucenao] [google]
20266682

>>20266434

>Sending assets to the DEX
>Aggregator - medium of exchange

Lmfao boi go do some homework before you'll get schooled really hard. Us xsn chads got educated by the best in the industry.

>> No.20266692

>>20266585
>Really, who cares about a DEX?

I dare you to tell us you never lost money on an exchange that went exit scam.

Of course, everyone wants to do KYC that's so fun to give thoses info KEK

Why anyone would like the peace of mind to keep is keays at all time while being able to trade? Yeah that's what I thought

You have the speach of someone who knows he has lost the fight but still trying

>> No.20266709

You are obviously not getting the point here and dont understand how arbitrage works. It doesn't matter where you get the other side, the DEX doesn't care nor does it need to care where the users coins are originating from. Its not custodial, its not a bank.

If you have a market that is selling apples on one side of town for a cheap price, and then you have another market totally separate selling more expensive...these markets are in no way connected they are separate businesses

You have people who decide to buy some from one market then run to the other market and sell them for more expensive. The people running around would hold this legal burden you are referring to and its up to them to abide, and acquire the coins legally. This has nothing to do with the exchanges and they are not involved in this process what so ever. Thats why the ARB are able to make profit, cause its them who jump through these circus hoops not the exchange itself.

And you cant "shut down" these traders that is the most ridiculous retard thing I have ever heard. Anyone can do this on any exchange right now, and guess what? The exchnages dont care cause they get paid A TON of money from these guys in trading fees, in fact they like them so much they lower their trading fees to make sure they stick around.

I suggest you do some research a bit more before spamming this thread with nonsense

>> No.20266710

>>20266630
>It's the same fucking thing essentially. Nice try though.
No, its not. do you create an account on uniswap? Do you hold assets there? No? then its not the same thing.

Nice try.

>> No.20266728

>>20266585
>Really, who cares about a DEX? What are the selling points?
it would be amazing to be able to buy shitcoins without signing up for horrible websites

>> No.20266749

>>20266709
>And you cant "shut down" these traders that is the most ridiculous retard thing I have ever heard. Anyone can do this on any exchange right now, and guess what? The exchnages dont care cause they get paid A TON of money from these guys in trading fees, in fact they like them so much they lower their trading fees to make sure they stick around.
so all of this is blatant lying

>> No.20266775
File: 214 KB, 1054x974, aggregated.jpg [View same] [iqdb] [saucenao] [google]
20266775

Fucking cz shills ruin my thread with their retardation.

>> No.20266779

>>20266434
>Sending their assets to the dex = making it a cex, that is centralizing your assets, which would then require...KYC
What do you mean?
>This is irrelevant. If you are acting as a medium of exchange (aggregators) then you need to do KYC.
Your argument is irrelevant. You can try to "regulate" it all you want, the puzzle pieces are too many to successfully do it, and even if hypothetically they could stop the aggregators, by then the DEX will have SUCCed enough liquidity by the army of thousands and thousands of pajeets and chinks (literally the heads of the hydra). The only way to stop it would be to close down the APIs completely, and die of as an exchange as a result. Once the DEX has enough people using it it would run itself.

>> No.20266790

>>20266775
skadoosh woke up, he's already shitting up every XSN thread again.

>> No.20266836

>>20266606
You are obviously not getting the point here and dont understand how arbitrage works. It doesn't matter where you get the other side, the DEX doesn't care nor does it need to care where the users coins are originating from. Its not custodial, its not a bank.

If you have a market that is selling apples on one side of town for a cheap price, and then you have another market totally separate selling more expensive...these markets are in no way connected they are separate businesses

You have people who decide to buy some from one market then run to the other market and sell them for more expensive. The people running around would hold this legal burden you are referring to and its up to them to abide, and acquire the coins legally. This has nothing to do with the exchanges and they are not involved in this process what so ever. Thats why the ARB are able to make profit, cause its them who jump through these circus hoops not the exchange itself.

And you cant "shut down" these traders that is the most ridiculous retard thing I have ever heard. Anyone can do this on any exchange right now, and guess what? The exchnages dont care cause they get paid A TON of money from these guys in trading fees, in fact they like them so much they lower their trading fees to make sure they stick around.

I suggest you do some research a bit more before spamming this thread with nonsense

>> No.20266850

>>20266779
what account is the aggregator trading from?
doesnt that need to be associated with an identity?

>> No.20267030

>>20263598
since master nodes distribute their rewards in xsn, the token price, on its own, is unlikely to incentivize whales to sell, as the node's passive income stream would scale with the coin's value.

in my mind (as a node operator), the biggest risk here is lack of adoption. the tech looks good, and the concept is recognized as a valuable one by many developers in the crypto space - there's really only two limitations at the MVP stage.
1) the DeX does not include erc20 trading pairs at present. raiden release should fix this, but that's a dependency on eth devs who are in the middle of an internal struggle over the future of the platform.
2) there's always the risk that the platform does not gain a critical mass of users due to a number of potential risk factors; in this case, that would create a stagnation id the platform, and would further limit adoption and long term growth of other xsn implementations.

>> No.20267031

>>20266850
The person wanting to run the aggregator needs an account yes, that is true, and yeah that will need to be associated with an identity (on the KYC sites, at least). But do you not think there are enough people who don't gaf about hypothetical future regulations and being potentially banned from an exchange to at least SUCC enough liquidity to the dex in the start? How and why would, say, poloniex/binance/bitfinex stop hundreds, if not many thousands of people from setting up and running these aggregators? They'd have to setup systems to detect that somehow, which admittedly I don't know they would be able to do, the other option would be to close down their apis, and lose a ton of customers who are currently using them to trade with bots etc, essentially losing tons of customers who will flock to other sites, rinse and repeat.

>> No.20267053

>>20263357
how often do node rewards get distributed, on average? noob with 3 MNs trying to make sure my nodes are functioning properly

>> No.20267076
File: 156 KB, 677x426, 3949159534878806537.jpg [View same] [iqdb] [saucenao] [google]
20267076

>>20266850
The people that will run the bots will have kyc on the exchanges they trade in. They are the only ones who trades with the CEX, not the DEX or the users will have direct relation with the CEX. and the fact that they are non custodial service is what makes it all LEGAL.

Any other claim is retarded/COPE

>> No.20267090

>>20266850
There is no KYC needed on the DEX side for the users account. KYC/AML doesn't apply to non custodial exchanges, what the user does outside the DEX is not the DEX's concern or problem. Nor can they possibly have any idea of what the user is doing outside of the exchange

>> No.20267105

XSN won't exist within a year

>> No.20267124

>>20267053
Takes about 5 days before you start getting rewards when you enable it. Average time is around 30 hours.

>> No.20267179

>>20267090
But they're saying you can use the Stakenet Litewallet to trade on the dex. How is that working.

>> No.20267217

>>20266051
you are wrongabout how the affair works, and you're seeing about why kyc exists.

the aggregator has an account and api trading access to centralized exchanges, but since no fiat is changing hands, kyc is not necessary. I have an account on binance sand a list of other exchanges; I've only ever submitted kyc data once, because I only have one platform where I transfer fiat.

governments don't care about the flow of crypto; they care about the flow of the dollar the euro, the ruble, etc. the bigger risk is that the cex in question recognizes the trading activity as sourced from xsn, and decides to shut off api access to a competing exchange, which would be very bad for both parties (cex is losing out on fee income if they decide not to fill those trades).

>> No.20267235

>>20267179
Ive tested it and it works great. Wallet is slick and trades super fast

>> No.20267258

>>20267235
I'm asking about how you're holding the keys for something personally, and using it to trade on the dex. Is it like meta mask, or is it like a proper exchange.

>> No.20267263

>>20267258
>like meta mask connecting with uniswap

>> No.20267310

>>20263430
>As in, is Binance moving money around. If that answer is a yes, then this project will be shut down after it gains momentum. That will not be allowed. API trading is allowed because a user has verified through kyc that it is themselves using that API. You can't let a bunch of random people make trades for you.

this isn't true. cexes currently only go to the trouble of kyc if you're buying in with fiat. I have accounts on at least 5 exchanges where I've never submitted kyc. I'm allowed to trade because I'm not moving cash, because crypto is by and large not considered currency by the legal definitions, largely because enforcement of restrictions on crypto according to fiat regulations would be effectively useless, and would honestly likely accelerate crypto adoption, as it would become more apparent what the advantages of crypto over fiat are

>> No.20267574

aw is it true that this thing cant handle any etherium trades?

anyone have a link to the discord?

>> No.20267592

>Aggregators for retards 101

>I am an Apple aggregator I trade apples in 2 markets.

>one market is in a shop run by a company, the other market is sold out the back of my car.

>I price match whatever the store is selling/buying for and add a little profit for myself.

>I have a basket of 100 apples in each market so 200 in total.

>Someone buys 10 apples from my car, so I buy 10 apples from the store. I have 200 apples still.

>Someone sells me 10 apples at my car so I sell 10 apples at the store, I still have 200 apples.

>People keep buying/selling apples at my car, I match those buy/sells at the store all day. I still have 200 apples.

>I have not had to move any apples from the store to my car.

>I have not had to move an apples from my car to the store.

>The end

>> No.20267612

>>20266836
>spamming the thread with nonsense
>repeating the same shit over and over again

>> No.20267629

>>20267592
You're so fucking stupid. Xsn moonboys are the worst. It proves Anons point that they are illegal

>> No.20267646

>>20267574
It can't right now. Raiden is a very high priority, though, and will presumably allow all tokens to be traded. The link is easily findable if you google.

>> No.20267686

>>20267629
And how is that? Literally nothing illegal about it

>> No.20267727

>>20267629
It's not illegal to sell and buy something in a short time period. And if it was, nobody in Europe or the rest of the world cares you fucking burger

>> No.20267733

>>20267686
Not only is it illegal but it will garner attention from cexs lmao. Stakenet is gonna get BUTTFUCKED and they know it so they shill it on here all day long

>> No.20267750

>>20267727
Dream on kiddo

>> No.20267808

>>20267733
Why will it? CEX still makes their money from trading volume. As far as they are concerned the person is just a normal trader running a bot so please explain why they would even care?

>> No.20267840

>>20267808
Because they are exchanging liquidity from an unknown source and trading it on their platform. You can't just do whatever you want on these exchanges

>> No.20267849
File: 25 KB, 306x240, 07-15-46-1ozrnx.jpg [View same] [iqdb] [saucenao] [google]
20267849

>>20267733
>>20267750

I feel so fucking comfy seeing this level of cope, and we barely started.

>> No.20267942
File: 568 KB, 2048x1304, comfy.jpg [View same] [iqdb] [saucenao] [google]
20267942

>>20267733
>>20267733
>>20267733
Checked. Digits confirm maximum cope.

>> No.20267954

>>20267840
Where is the exchange in liquidity? Nothing is being moved from one exchange to the other exchange. Again you still think that they are moving assets from exchange to exchange and they aren’t, I can’t believe after it being explained so many times you still don’t see how this works. How can someone be so dumb to not understand this after so many explanations

>> No.20268384

When did you buy, /biz/?

>> No.20268482
File: 13 KB, 225x225, 1535418273971.jpg [View same] [iqdb] [saucenao] [google]
20268482

>>20268384
First MN 3 days ago, second MN 2 days ago.

>> No.20268614

whats the safest way to store my xsn? im a retard and am scared i will loose them

>> No.20268636

>>20268614
Get the core wallet on their website, you can't miss it. Then just send them to it. You may encrypt/backup your wallet etc. There are many guides on how to do these things on their youtube channel. Either way, good idea to get them off Livecoin.net I think.

>> No.20268702

>>20268614
Ledger has a stakenet app for storing xsn. We are just waiting for ledger to implement the code for cold staking.

>> No.20268720

Would it be stupid to sell all of my pre-iPad AAPL shares and move full tilt into this standard?

AAPL has been a brrrr-machine, but the ceiling has to be coming, right?

>> No.20268739
File: 81 KB, 545x546, chadxsn.jpg [View same] [iqdb] [saucenao] [google]
20268739

>>20268720
Yes.

>> No.20269265

>>20268739
Thanks for being honest. I’d really like to grasp XSN better and get involved. Does having a MN require a server set up?

>> No.20269295

>>20268384
literally just finished the process to create my first MN

>> No.20269301

>>20269265
Nope, you can use their cloud service while using your XSN from cold storage as collateral, meaning you can't lose them even if their service stops. You can also setup a masternode on your own server if you wish, of course.

>> No.20269387

>>20263162
Will there ever be a way to run masternodes from a hardware wallet Iike a ledger, or does the nature of how a masternodes works prohibit that?

>> No.20269549

>>20269265
It's pretty easy. see >>20269301
>>20269387
Potentiality. Ledger needs to get their shit together.

>> No.20269917

>>20269549
>Ledger needs to get their shit together.
So it's possible technically speaking? Should I email ledger and ask for this feature? Is the issue on their side?

>> No.20270033

>>20269917
Yes mate, email Ledger.

>> No.20270266

>>20269917
Ledger is slow as fuck. They have the code to enable cold staking XSN on Ledger since more than one year and they haven't merged it yet. So it's always good to remind them

>> No.20270304

Global financial crash scheduled for qtr 3

>buy my shitcoin anyway

>> No.20270528

>>20270304
>t. gamestop shareholder

>> No.20271403

>>20270304
absolutely bullish :D
XSN $100 2021

>> No.20272273

>>20267310
true I don't know where this KYC obligation became so important maybe alot of the users are from USA, you don't need kyc if all you do is crypto.

>> No.20273211
File: 1.46 MB, 1920x1252, 30A078D8-E7B8-4854-85CE-E5D31E1DBD18.jpg [View same] [iqdb] [saucenao] [google]
20273211

HAIL HYDRA

>> No.20273761

>>20273211
checked

>> No.20274740

>>20273211
Based

>> No.20274852

the volume on this shit is appalling
do these shit exchanges just have a bunch of fake tiny trades to show volume that doesnt actually exist?

>> No.20275004

>>20269387
>>20269549
>>20269917
>>20270033
>>20270266
Ledger is fucked. XSN should build a side company exclusively for ledger manufacturing.

>> No.20275429
File: 22 KB, 500x500, sPp1z8m_d.jpg [View same] [iqdb] [saucenao] [google]
20275429

>>20275004
Viper

>> No.20276310
File: 5 KB, 282x76, Capture.jpg [View same] [iqdb] [saucenao] [google]
20276310

crashing as we speak

>> No.20276394

>>20276310
literally a bump and dump coin

>> No.20276425

>>20275004
They do that already.

>> No.20276508
File: 90 KB, 1135x252, 99A11F0A-E66E-406F-88BE-E2ED20A69EE3.jpg [View same] [iqdb] [saucenao] [google]
20276508

>>20276394
Na,
That was just a CT fag dumping his bag.
And i guess he will regret that soon.
I personally took some profit at 1.1k
And i regret hardly

>> No.20276605

>>20276508
What's CT

>> No.20276628

>>20276605
Crypto Twitter

>> No.20276648

>>20276628
Good, will be comfy seeing them seethe later once /biz/ has gobbled up their bags.

>> No.20276814

And as u can see. Never trust Crypto Influencers.
I show you why.
Hours before he sent a bullish tweet.

He dumps and then he announces to take profit soon.

So all his fellow followers going ahead to fill his buyorders.

Got it?

But enough about twitter influencers.
This is a XSN thread, and that stuff is seriously bullish.

>> No.20276827

>>20276310
yea ive been watching the exchange all day it looks completely fake
its got miniscule action i think to fake some volume then theres one guy that has a completing your "masternode" amount set up which is way over current market so you have to pay a giant premium to get to 15k and there is absolutely no other interest

>> No.20276859

This was the pullback all the noobs were asking for, so they could get their first complete Masternodes.
Corrections are good.
Nothing goes up in a straight line.
But ofc brain dead trolls have zero clue on how markets work and nor do they care.
So to them calling this a P&d is not even them trying to FUD.
They are simply too stupid to know what is going on.
Try harder retards!

>> No.20276922

>>20276859
hey fyi you should tone it down for your next scam
this is too tryhard
i was honestly still considering this project but this post really turned me off

>> No.20276929

>>20276827
You are watching coins you don't care about on Exchanges ALL day?? LOL
Sounds legit.
I also Always read books on topics I hate.
I must be a moron just like you.

>> No.20276944

>>20276922
LOL.. Riiight.. Just fuck off dummy or try harder.

>> No.20277224
File: 2.24 MB, 330x166, hhh.gif [View same] [iqdb] [saucenao] [google]
20277224

>>20276929
when did i say i dont care about it?
i was interested
then i thought it looked scammy


are you reading off some sort of sales script?

>> No.20277363

>>20277224
What are worried about?

>> No.20278012

>>20276310
Literally just a small correction. This floor being higher than the last week, and the week before, etc. We'll be above $.30 within a week permanently. COPE

>> No.20278022

>>20277363
im not worried about anything
i was interested
then the trading patterns made me think it was a scam
so i didnt buy it
what would i be worried about?

>> No.20278034
File: 46 KB, 267x400, 1594361631159.jpg [View same] [iqdb] [saucenao] [google]
20278034

>>20266434
cope harder

>> No.20278123

>>20278022
Well, why don't you actually read and learn about the project instead, then you wouldn't give two fucks about what presumably happens on a shady ass, russian mob-run exchange.

>> No.20278151

>>20278123
bc if it was actually good it wouldnt be a dead token that anyone can buy into for a couple G's

>> No.20278313

>>20278151
It's not a token.

>> No.20278400

>>20278151
Also I know you're the same guy that has been fudding every mention of xsn. Hope you'll make it too eventually.

>> No.20278912
File: 32 KB, 311x355, skadoosh.jpg [View same] [iqdb] [saucenao] [google]
20278912

>>20278151
>He's still fudding

>> No.20279258

>>20278912
>>20278400
>>20278313
well i made this post that nobody responded to for example >>20277990

>> No.20279564

>>20279258
Bro you don’t even know what you’re talking about. If you don’t even know this is a coin, why the hell should I or anyone listen to you. Blind leading the blind.

Lets hear it now, I know this reply will trigger you to respond.

>> No.20279600

>>20279258
Topkek. Good night.

>> No.20279803
File: 341 KB, 690x569, 1594422057292.png [View same] [iqdb] [saucenao] [google]
20279803

>>20279258
Lmao. Go back to binance.

>> No.20280014

>>20279258
The amount of cope here.

>> No.20280640
File: 33 KB, 387x628, 1593692450014.jpg [View same] [iqdb] [saucenao] [google]
20280640

>> No.20280684

>>20280640
What a chad.

>> No.20280687

XSN will be THE lightning network. Soon most BTC transfers will go through stakenet. We’ve known for a while now that LN is not feasible in BTC. That’s because there was never an incentive for people to host the network. Stakenet creates that incentive with their master node system. Stakenet will implement these first major scale lightning network and soon all BTC transfers will be routed through LN on stakenet. This is huge. Market cap will easily surpass DASH. We’ve never seen such a development for BTC. Be a part of it and reap the benefits.

>> No.20280925
File: 442 KB, 1152x1064, staking.jpg [View same] [iqdb] [saucenao] [google]
20280925

>>20280687
Based.

>> No.20281203
File: 38 KB, 500x524, 08-30-03-b14.jpg [View same] [iqdb] [saucenao] [google]
20281203

>>20277224
>>20278022
>>20278151

No one wants you to buy fag, get lost.
And for the rest of the brainlets out there, we don't want or need you to buy. We are just shilling the future products so people will use them when time comes.

>> No.20281295
File: 156 KB, 677x426, 3949159534878806537.jpg [View same] [iqdb] [saucenao] [google]
20281295

>>20267733
>>20267733
>>20267733

>> No.20281391
File: 1.33 MB, 1160x630, vortexteal.png [View same] [iqdb] [saucenao] [google]
20281391

>>20281295
Kek. Fudders can't do anything but repeat themselves and hammer on muh 'illegal' even when proven wrong.

>> No.20281481

>>20281391
It's truly pathetic, it's like they sold early.

>> No.20281529

>>20281481
They did sell early. There was a massive sell wall at 795sats which got eaten very fast. Most of the sell walls below 2000sats got eaten very quickly.

>> No.20281854

Bump, anyone else got any questions?

>> No.20282288
File: 32 KB, 500x625, 1586494266734.jpg [View same] [iqdb] [saucenao] [google]
20282288

What about pivvr? Seems to be in your space slightly and is mooning like crazy: also it isn't inflationary.

>> No.20282385

>>20282288
>pivvr?
Does pivvr change the crypto landscape in a fundamental way similar to that of xsn and link?

>> No.20282428

>muh illegal

this is a moot point considering the entire basis of crypto is rebellious and anti-establishment in nature

>> No.20282488

>>20282385
That's what I'm asking.

>> No.20282577

>>20282288
>>20282488
Checked. Oh do you mean in the cloud? Those other coins aren't enabled and are going to be removed. I think the devs said it'll be only XSN on the cloud.

>> No.20282680

>>20282577
Nah it's some other dex defi project.

>> No.20282773

>>20282680
I don't know anything about that project.

>> No.20283018

>>20282385
What is this pajeet coin? I see the recent shilling.

>> No.20283401

>>20283018
Dyor

>> No.20283482
File: 357 KB, 737x689, 3k.png [View same] [iqdb] [saucenao] [google]
20283482

>>20282428
>You know, I was really excited about this Bitcoin thing but what if the government gets mad at me? Nvm I'm gonna stop KYC makes us safer
~ Satoshi Nakamoto

>> No.20283520
File: 35 KB, 894x473, 1594544720491.png [View same] [iqdb] [saucenao] [google]
20283520

4hr chart, this is amazing.

>> No.20283677

>>20283520
Fuck, hopefully it stays down a bit longer only got 6 nodes.

>> No.20283758

>>20283677
Checked.

>> No.20283931

>>20269387
As far as I know, there is nothing on the masternodes architecture that prohibit that.

In fact cold staking and a masternode are more or less the same. You lock your own supply by a tx to your own wallet. If it can work with the cold staking I don't see any reason to don't work with a masternode.

>> No.20283988

>>20283677
6 MNs is a respectable amount mate.
Imagine a dash early adopter saying today, aw fuck I only have 6 dash masternode.

Each dash MN costs $72k today. And a xsn masternode costs less than $5k today. Now just imagine reaching the half of dash. Its a x6 at current prices and earning some passive income in your path to the moon.

>> No.20284035

>>20283988
Checked and based. Xsn is so good it's unbelievable and it only gets better.

>> No.20284087

Masternodes are meme's where were you two years ago?

>> No.20284124

>>20284087
Xsn masternodes actually do something unlike other masternode projects, with a lot more stuff planned.

>> No.20284189
File: 44 KB, 869x361, whatmasternodesdo.png [View same] [iqdb] [saucenao] [google]
20284189

>>20284087
Pic related taken from their F.A.Q, also on the whitepaper.

>> No.20284417

>>20283988
>Each dash MN costs $72k today
Reminder that one dash MN was 1.5 million at the height of the last bull run

>> No.20284421

>>20284087
Not this fud again, see >>20284189

>> No.20284428

>>20284417
This bull run will be bigger than the last.

>> No.20284591

>>20284087
Also check out this answer in the other thread. >>20284536

>> No.20284788

>>20284087
>>20284124
They put MNs to use, justify staking through them, and use it all to fix Lightning so Bitcoin can possibly scale.
A real A to B to C cuz muh D needs to E

>> No.20284860
File: 43 KB, 759x427, xsndex.jpg [View same] [iqdb] [saucenao] [google]
20284860

>>20284788
Checked. No KYC, Lightning + Raiden, binance and co never stood a chance.

>> No.20284944
File: 56 KB, 474x840, lol.jpg [View same] [iqdb] [saucenao] [google]
20284944

>>20280640

>> No.20284980

>>20284428
For sure.
Even if it sounds crazy talking about $10 XSN next year or even $50 - I think we all are gonna be very surprised how high the overall market will go this time.
All central Banks are printing like crazy and the stock market is already at ludicrous highs.
They needs new places to put inflation to high all this cheap stimulus.

>> No.20284987

>>20284944
Checked and based.

>> No.20284988

Look out people. Some new information just dropped a few hours ago. One of my clients is closely linked with a few of the members of the dev team, and they were mentioning to him that they have ran into a few huge roadblocks on the project. Legal issues in particularly which is jeopardizing the entire project. Eloy is really concerned with what's going on and they are considering revamping the entire project. I love this project, but i'm a realist and it'd be better to pull out ahead at this point.

>> No.20285008

>>20266434
wtf... I have an account on binance and idex, all I needed was a mail address and a phone number... if that counts as KYC...

>> No.20285023
File: 336 KB, 690x569, COPEter12.png [View same] [iqdb] [saucenao] [google]
20285023

>>20284988

Finally some good fud, thanks just bought 15k.

>> No.20285036

>>20284944
Kek, checked and redpilled.
>>20284980
Yes, reasons like those is why i'm super bullish on crypto especially projects that target fundamental change. XSN and LINK are my top 2 investments.

>>20284988
Checked but stale.

>> No.20285107

>>20284988
Lmao old pasta fuck off.

>> No.20285166
File: 1.63 MB, 1280x688, XSN-Bitfinex.webm [View same] [iqdb] [saucenao] [google]
20285166

>> No.20285175

>>20285166
Beautiful.

>> No.20285195

>>20285166
Checked and aggregator pilled.

>> No.20285440
File: 17 KB, 348x349, 10006453123.jpg [View same] [iqdb] [saucenao] [google]
20285440

>>20284988
Fuck, that would explain the sell off
My hands are weak ;_;

>> No.20285497

>>20285440
Hey >>20284988 is old pasta.

>> No.20285527

>>20285166
Isn't that just a deposit from the light wallet to the bitfinex address? What am I missing? This one showcases the dex and aggregator:
https://www.youtube.com/watch?v=e2MKOXXg048

>> No.20285547

>>20285527
It's showing lightning to bitfinex from the DEX

>> No.20285590

>>20285440
Don't listen to the fudders, they want you to sell to get your bags cheaper. In secret they are just as pumped up about this project as us. Eliminate all emotions. Even if this shit goes to 1,5k sats for some reason there are a ton of people who will buy, as of right now there are no indications of problems anywhere that I can see.

>> No.20285852

>>20285497
>Hey >>20284988 is old pasta.
Why can't I find the pasta in the archive then?

>> No.20286022

>>20284988
>I'm gonna pretend the copy paste FUD about governments banning DEXs I've been spamming for weeks is actually jeopardizing the dev team in some way because I sold the bottom
lmao

>> No.20286040

>>20262855
Is there any other way we can acquire XSN other than through exchanges? Livecoin seems sketchy, I've had two deposits that are yet to appear on my wallets.

>> No.20286044

>>20285590
>Eliminate all emotions.
21 posts by this ID

>> No.20286082

>>20285852
Because you don't have the skills.

>>20286022
Checked.

>>20286040
You can acquire XSN in 3 ways.
1. Buying off an exchange (livecoin) or the DEX
2. Staking your XSN
3. Masternode rewards

>> No.20286138

>>20286082
Thanks, anon. Also, what wallet do you recommend? I can see that Stakenet wallet is yet to be released. Is Core wallet ok to be used just for storing XSN? Am not planning to buy an MN yet, my money is still locked elsewhere, but will do soon.

>> No.20286158

>>20286138
Oh wait, yeah I can use Core wallet for staking.

>> No.20286206

>>20286044
Kek, well what can I say. I eliminate the negative emotions, because I'm an XSN chad like that.

>> No.20286222

>>20286138
>>20286158
The corewallet is fine for storing XSN. Ledger also has a xsn app but they haven't implemented the code for cold staking.

If you don't like leaving your core wallet open for staking you can always use a TpoS merchant.

>> No.20286238

>>20286222
Checked.

>> No.20286261

>>20286222
Thanks, anon. 9 XSN is received through staking with a minimum of how many XSNs in the wallet?

>> No.20286344

>>20286261
See

>> No.20286362

>>20286261
Sorry but I don't have any numbers for staking. I've only got masternodes and the rest of my stack is in a ledger waiting for staking.

>> No.20287191

Bump

>> No.20287444

>>20286362
Thanks, anon. How much is the XSN fee for using Stakenet's MNaaS? I'm thinking whether the net value will somehow be just equivalent to cold-staking if the fees are high.

>> No.20287529

>>20286261
It does not depend on the number in your wallet.
Even 1xsn can win you 9xsn in reward.
It's just that it might take some crazy ass time.
Stakenet.io for Staking calculator.

>> No.20287530

>>20287444
15 cent/day

>> No.20287547

>>20287444
15cents per day per MN hosted on the cloud.

>> No.20287643

>>20287529
Thanks, anon.

>>20287530
I see, great, better than setting it up manually + higher returns vs cold-staking. Only real issue then would be if it something awful happens to that MNaaS.

>> No.20287683

>>20287547
Thanks, anon.

>> No.20287825

>>20287643
>Only real issue then would be if it something awful happens to that MNaaS.
Even then you wouldn't lose your stuff and could just setup your own masternode and use the same XSN as collateral.

>> No.20287872

>>20287825
This.

>> No.20287898

>>20287825
Thanks for the info, anon.

>> No.20287959
File: 51 KB, 504x628, 1594337019509.jpg [View same] [iqdb] [saucenao] [google]
20287959

>>20287898
No problem mate, we're all gonna make it if this tech takes off.

>> No.20287984

How long before I get my MN rewards after setting up the MNaaS?

>> No.20288032

how do i buy monero off XSN nodes network

>> No.20288046

>>20287959
I really hope so. I missed LINK so I am determined not to miss this one.

>> No.20288357

>>20287825
>>20287872
Yeah. MNaaS hosts trustlessly. If the MN goes down, your funds are safe.
>>20288032
Not yet anon

>> No.20288360

>>20287984
Takes about 5 days before you get your first reward,

>>20288032
See >>20288221

>> No.20288846

>>20288360
Thanks.

Given that this is an inflationary coin and supply is, at the moment, potentially unlimited, what are the considerable first-mover advantages for "early adopters"?

>> No.20288868

>>20288360
sheeeeiiiiit cuh thas my only thang about thhis, looks like i may not fuck wit it no more feel me

>> No.20288918

>>20288846
Starting on Stage 1 of the DEX, 10% of trading fees will be used to buy xsn at marketprice, these xsn are burnt which helps reduce the supply.

Masternodes also already are a great source of income. The price will only increase more from here. The pump is only getting started.

>> No.20289335

>>20288918
Thanks, anon. Hope we all make it.

>> No.20289796
File: 309 KB, 628x628, 184D31DB-3912-4DDB-A584-4BACD7A77414.png [View same] [iqdb] [saucenao] [google]
20289796

If you can’t be bothered to do the research on XSN then just think of it this way.

>A Dash MN was worth $1.5M at its peak.
>A Dash MN doesn’t even do anything
>XSN MN’s will do a lot and potentially have a massive impact on the entire industry.
>XSN MN is currently a lot less than a Dash MN and already does more than it.

>> No.20290615

>>20289796
It's the best MN-based coin by far

>> No.20290684

>>20262855

Where and what physical product can I actually buy with your shitcoin?

>> No.20290718

>>20289796
Why are you comparing an XSN masternode to a DASH one?

>> No.20290892

>>20290718
Because Dash MN’s are worth a fortune but what does Dash actually do?

>> No.20290971

>>20290892
I mean, you can go read what they do? And also don't forget the price of DASH is high, because it's an established privacy coin. If Monero has masternodes, I'm sure they would be worth over a mil.

>> No.20291545

>>20290971
It hit an $11.5 billion mcap too

>> No.20292509

bump

>> No.20292578
File: 20 KB, 246x246, JPEG_20171213_234954.jpg [View same] [iqdb] [saucenao] [google]
20292578

>>20292509
keeping xsn in top I see

>> No.20293142

This is just straw purchasing. Which is still money laundering. Enjoy getting shut down.

Buying from someone who has KYC on an exchange through a dex is still illegal.

>> No.20293220

>>20292578
XSN is always on top :D
>>20293142
>kyc bootlicker
gross/10

>> No.20293964
File: 251 KB, 1123x1807, 9D37E956-658E-4C59-9EE2-76D9895B27D8.jpg [View same] [iqdb] [saucenao] [google]
20293964

>>20293142
It isn’t illegal to sell or buy coins on a dex.
I made this one for you.

>> No.20293996

>>20293142
Good luck shutting it down, same as shutting down the internet.

Good
Fucking
Luck

>> No.20294132

>>20290684
Op will soon buy a lambo

>> No.20294833

>>20290684
Anything purchasable in BTC or ETH
>>20294132
Which would include Lambos

>> No.20295440

New medium article, Raiden integration, poc ready.

>> No.20295520

>>20294833

I didn't say BTC or ETH

What can I buy with XSN ?

Nothing.. ok shitcoin

>> No.20295676
File: 110 KB, 657x539, 1536261002807.png [View same] [iqdb] [saucenao] [google]
20295676

>>20295520

>> No.20295727

>>20263103
So if I understand what you are saying correctly, you're telling us it's worthless?

>> No.20295731

>>20295520
Imagine being this retarded

>> No.20295888

>>20295520
You can buy OWNERSHIP in a DEX

>> No.20296335
File: 8 KB, 222x204, 0716.jpg [View same] [iqdb] [saucenao] [google]
20296335

>>20295888
checked

>> No.20296367

>>20263558
He's 100% right it will be shut down if it gets any momentum.
I thought when I was investing in XSN I was investing in something specifically designed to allow for trading without KYC, which couldn't be shut down even if it was made illegal. Is that not what I'm getting?
Because that's what a "true DEX" is. A decentralized exchange where there is no party for a govt to serve a warrant to, which does not have to rely on any other centralized exchanges.
If XSN is still going to rely on Binance to execute trades, it's not a true DEX it's just a single user account on a centralized exchange people can API through. It will get shut down because govts don't want there to be any options for people to exchange financial instruments without KYC.

>> No.20296397

>>20293964
https://www.investopedia.com/terms/s/straw-buyer.asp

>> No.20296454
File: 774 KB, 1242x1996, B1921DA0-FE79-452A-A982-645C17C8FDA7.jpg [View same] [iqdb] [saucenao] [google]
20296454

>>20296367
And again...is this too >>20296367
hard to understand?

>> No.20296455

Monero hasn't been shut down yet.

>> No.20296500

Having liquidity plug ins into large exchanges makes the DEX usable easily from the start.

By the time it gets "big" with lots of traders, it won't need those.

This argument is retarded.

>> No.20296551

>>20296454
Yeah so what happens if arbitrager's country says "it is now illegal to buy crypto from any non-KYC party"?

>> No.20296593

>>20296367
It's not relying on any cex. The aggregators are just a part of what brings liquidity to it. Anyone can run one or put direct sell/buys. The whole reason for the aggregator is simply to support liquidity in the beginning. It cannot be shutdown by disabling single cex accounts fren

>> No.20296619

>>20296455
checked
>>20296551
"weed is illegal" oh well the government said we have to stop i guess well ju-

>> No.20296622

>>20296551
So you mean.
What to do when a full permissionless p2p network is forbidden?

>> No.20296641

>>20296551
that will make a lost of cexs illegal too. Like Coinall or livecoin. It's not a stakenet related problem. Besides then someone else will jump in and noone will notice

>> No.20296644

>>20296593
So no CEX accounts = no liquidity.
No liquidity = XSN unusuable.
Therefore XSN is directly reliant on centralized exchanges and non-anonymous parties.
Honestly if the answer is 'we only need to get to X volume then we won't need outside liquidity' that's fine, that's not an unreasonable answer. But be straight about it, at least at the beginning XSN will not be a true DEX. Not until it hits what you might call "escape velocity" volume.

>> No.20296736

>>20296622
Yes.
>>20296641
Whether it is a problem that is isolated to XSN is irrelevant if it is also a problem for XSN.

Look the actual answer seems to be "we will need to rely on centralized exchange liquidity in the beginning, but eventually the pool will get large enough that we don't have to". And that's fine. I just wish you guys would be up front about that because it does mean that there's a pretty high "political risk" in the early days.
One district attorney getting a bug up their ass about this could fuck up the whole process.

>> No.20296757

>>20296644
How can some of you be this thick? This has been very clearly explained a dozen times. Ngmi in life with that brainpower.

>> No.20296842

>>20296644
I'd say being a "true dex" is a tech related issue and non dependant on liquidity, even though that is ofc very useful. So it is a true dex because there is no centralized component for it to work (cex arb is optional), it is hosted on a privately owned global masternode network of more than 2300 nodes, no kyc, no login, nothing

>> No.20296884

>>20296842
So then the arb isn't necessary it's just an option. That's important because in spite of how people want to dismiss it as irrelevant, IMO if XSN arb with CEXs got to anywhere near high volume, some govt somewhere will start cracking down on any CEX that doesn't refuse to cooperate with XSN accounts.

>> No.20297274

>>20296884
>just an option
Exactly

Yea I guess some government might want that, but the thing is they can't do anything about it. Any used cex would have to close their api access completly, globally. I'm pretty sure we won't ever see that