/biz/ - Business & Finance

>>21175355
These were the principles that Bitcoin was constructed with and designed to honor. While its inherent technology stays true to this nature (mining aside), the infrastructure that has been built up around it is flawed by design and sacrifices a good number of strengths and freedoms. Most notably are the many vulnerable points of exchange run by central authorities on trust where funds are at risk to be frozen or stolen, KYC (know your customer) policies, and the traceability, restrictions, and risks that come from these two points.

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

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

>>21175355
>>21175364
Centralized exchanges of all sorts are perhaps the weakest link in entire cryptocurrency space. They have repeatedly proven to be weak in terms of security. This year alone, the following exchanges have been compromised: Binance, Bithumb, Coinbene, Coinbin, Cryptopia, and QuadrigaCX. What’s worse, they’ve sacrificed many of the core principles of the cypherpunks that built Bitcoin in the first place.

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

>>21175355
>>21175364
>>21175436
Consider the efforts of the X9 Developers building Stakenet. True to the nature of the cypherpunks, they have been working to make these numerous vulnerabilities in the cryptocurrency infrastructure obsolete. To strengthen censorship-resistance and decentralization in this space, they have been implementing an immutable and purely decentralized exchange into their network where no central authority can freeze funds, where exit scamming is impossible, and where security is as tight as the blockchain technology it runs atop. To restore the principle of at-will anonymity, their immutable DEX will have no KYC, nor will it require registered accounts. In the interests of privacy, they have built a solution that allows for one-click TOR lightning swaps that strengthen the privacy of every participating coin and the Lightning Network itself. To strengthen the nature of the decentralized exchanges that are already out there, they are working on a DEX aggregator that pools together the offerings of many promising DEXes suffering from low volume or difficulty of use.

>>21175355
>>21175364
>>21175436
>>21175468
Put briefly, this team has the foresight and skill to acknowledge and address the numerous risks and shortcomings that anyone coin may face the second it is sent from a private wallet to any other point in trust. They are compounding these solutions into one streamlined and convenient wallet where funds are firmly secured, trustlessly staked, and instantly tradable from one singular point.

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

XSN will deliver fucking alien tech and biz continues to stay poor, cause of its 2017 #whenbinance thinking

>missed link early
>balls deep in XSN early

Good reads
>Whitepaper
https://stakenet.io/Stakenet_Whitepaper.pdf
>Quick rundown
https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105
>X9's contributions to LTC
https://medium.com/stakenet/litecoin-foundation-and-x9-developers-announce-collaboration-510ca985b6
>Exertive Proof of Stake
https://medium.com/stakenet/exertive-proof-of-stake-epos-4a999807f9e4
>Great write-up of Cross Chain Proof of Stake (i.e. stake XSN, receive BTC)
https://medium.com/stakenet/posw-weekly-ccpos-cross-chain-proof-of-stake-de1ac87055cd
>The Cypherpunk Standard of Banking
https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180
>Most recent Dev Update
https://medium.com/stakenet/xsn-core-dev-update-july-12-2020-72cac6050377

Further reads
https://medium.com/stakenets

DEX launch is this month gentlemen.

Successful testing of Raiden integration is already underway.

This means you will be able to trade BTC for any erc20 token - safely, instantly, cheaply and privately.

DEX: $1+
RAIDEN: $10+
HYDRA: sky's the limit.

no one is buying your copy pasta scam coin faggot

Same people (or person) replying in every thread. You all post the same memes and the same text all the time.

How many of (You) are there? 6?

>>21175946
im never selling and there's nothing you can do about it. $0.47 already

>>21175946
>>21175990
My dearest friend, 'tis with immense pleasure that I inform you that your letter has found safe travel to my destination and landed in my hands. However, this pleasure was fated to remain short lived and bittersweet, for I must also admit to you, regardless of what distress it may cause to you, knowing you went to great trouble to pen it and deliver it to me, that I in fact declined to open it and refused to read the message contained within. Surmising your intentions, there exists no doubt in my heart regarding your sincere worries for my financial well being, but alas your attempts to convince me to modify my investment strategies shall regretfully remain futile, as my stubbornness in this matter has indeed been sealed irrevocably and no other voice shall rock its imperturbable foundations. Allow me then to reiterate my will once more, and do your best to forever remember it for no change will follow: I shan't part ways with my beloved asset for it is my utmost belief that I have invested wisely and foresee infinite potential in its future, and therefore no other possession in this world shall change my decision, not even a mountain of gold! For my possessed asset is indeed fated to be worth more than any other riches in the world. We shan't speak of this no more. Sincerely yours, your beloved friend.

>>21175946
>>21175990
how goes the FUD war cucks? I have not checked the price of a single XSN coin lately. Would you do me the service?

your shitcoin has gone to shit.

> pic related

THIS IS YOUR FINAL WARNING.
DO NOT OPEN THE CHEST THAT CONTAINS STAKENET. YOU BELIEVE YOU WILL FIND RICHES BUT ALL YOU WILL FIND IS THE UNLEASHING OF HADES.
THOSE THAT PROFESS AND WIELD THE DARK ARTS ARE TRYING TO LURE GREEDY PEOPLE TO THEIR DEMISE.
YOU MUST TAKE MY WORD IF YOU WISH TO SURVIVE.
CEASE ACCUMULATING SATANNET TOKENS. EXIT FROM XSN BEFORE YOU DIE AND SEE HELL.

>>21176444
You are the most autistic person on this board. That copy pasta is almost as bad as your fucking Lola meme

Have sex, weirdo

>>21176444
Checked, but not based and indeed quite cringe.

>>21176502
What Lola meme?

>>21175588
>thieves will steal my testicle and one lung to get my million dollars masternode
Yeah no thanks

>>21175946
Dude we told you to buy at 600 sats, now its 4000 sats. You could have made more money than link in this 5 months assuming you dont have millions in crypto.

>>21178175
Some fomo going on now, big buy walls dropping in

>>21176822
Checked

About to fomo in to another masternode

>>21179386
I’m trying to get 3 but don’t want to market buy. I got nearly 2 BTC on this fucking exchange and I want to get my XSN and get off quick

>>21178524
I bought a masternode with my paycheck. I MIGHT BE FINANCIALLY RUINED

>>21179447
*financially liberated and playing an integral role in the new world economy

>>21179436
I didnt have any issues with Livecoin, legit enough