/biz/ - Business & Finance

>>21336934
Why would you keep your coins on a cex in the first place?

>scamnet
Cringe

>>21336990
I wouldn’t, but some newfriends might. I want to verbally set a good example for them.

>>21336934
I've only just started accumulating XSN, how much to make it?

>>21337354
1k since one XSN is going to be worth of 1000$

>>21336934
Stop warning them, I'm still accumulating.

>>21337354
If you want a non-meme answer, what timeframe are you looking at?
You will eventually make it with one master node (15,000 XSN).
You will make it with five master nodes (75,000) when hydra launches which will be at some point in 2020.
You will make it with ten master nodes (150,000) when raiden launches at some point late this year or early 2021.
If for some reason you can acquire 20+ master nodes right now (300,000), congrats, you make it as soon as we hit $1 XSN and even minor trade volume once the DEX launches at the end of the month.

>>21337466
Your timeframe is just bad. Raiden will be done in a few months. Hydra will take up to 1 year max.

>>21337664
>Raiden will be done in a few months.
That lines up with “late this year.” Hard to believe 2020 has blown by but in six weeks we are in Q4, so I’d say that qualifies as late in the year.
>Hydra will take up to 1 year max.
I meant to say some time in 2021 which would line up with that. I did typo and say 2020 instead so maybe that confused you.

>>21336934
I now have 2 MNs, when will I make it?

DEX: $1+
RAIDEN: $10+
HYDRA: $100+

Im pulling xsn off livecoin, gluck to you all. The supply on livecoin will soon be scarce, ppl hoping to acquire xsn for cheap will be priced out

>>21337916
I’m a bit more conservative than this, but I still honk $5 after raiden and $25 after hydra is easily attainable. Everything else is gravy.

>>21337853
Post Raiden. Post Raiden is when the real magic happens.

>>21337465
this. seriously delete these fucking threads and stop talking about xsn

>>21338690
The cats out of the bag anon.

>>21339440
Fuck you, still trying to get enough for a second master node.

You people are ridiculous. Do you come to this site and click on one single thread whenever you get here?
How in the hell have you not known about this for a year or two?...

How in the unholy fuck have you not been accumulating this whole time? All you had to do was read the damn whitepaper.

How far will 2 masternodes get me? Am I correct in saying that I'll be able to stake these MNs on my ledger?

>>21339619
I only have 2 MNs and I'm expecting to stop working in around a year altogether and start working a lot less after the end of the year.

I also plan on buying a nice big house out west in the next 3-5 years and a second property on the beach somewhere in the next 5-10 with my money.

In other words, how does having a million dollars in the next year or two sound?

>>21339539
To be fair, there’s so much shit spammed here it can be hard to even find the threads, let alone not reflexively assume they’re currycoins.
I mean, there are people who actually think Kleros has long term viability just because Gupta spammed it here 80 times daily. That covered up the one XSN thread that would come through every few days.
Not me though, I’m closing in on my fifth master node. Continuing to chip away at livecoin’s supply.

biz i fucked up so badly. i sold intending to buy back, but the price never corrected. had 50 thousand xsn. that's a lot for an alcoholic drug addict. i'd staked 30 thousand of those for a full fucking year - every time i'd receive staking rewards my kitchen laptop would make a satisfying ping noise. they were a part of my life, a cheery little pick-me-up in a world of bleakness and horror.
they're all gone. and i'm going too. i've been an addict for decades, i weigh like an ounce even though i'm over 6ft, my mother has cancer, my liver hurts so much i can't sleep, there are empty blood-smeared vodka bottles and there's broken glass absolutely fucking everywhere and i am in fact eager for it to all just fucking end.
if i had enough xsn to order a gram of smack on a dnm, then as soon as it arrived i'd be gone. i haven't enough. so today i will jump from my roof and the pain will end.

do not sell.
bye.

>>21339708
You've said enough. Thanks random stranger on the internet. I'm converting my btc into 30k xsn. If it goes to zero, I'll keep working. I can't retire off 1.1 btc anyways.

Have 2000 stakies, should i buy more or get some PNK / RLC

>>21339829
The chart doesn't lie.

Looks like shit. Who’s gonna use that.

>>21339828
all you literally have to do is stop doing drugs you dumb fuck

>>21339902
It doesn’t, but I do want to point out that’s at 2500 nodes and a .2% fee (which it notes at the top).
Whenever we reach true adoption MN count will hover between 3500 and 4500 and the fee right now is actually .25%, it I could see it going down to .1 or .15% in the long run, taking away a few more dollars on trading rewards. So if you want to have a conservative estimate when this takes off, I’d say the trading rewards should be halved from what they are on the chart. That said, that’s still really fucking good. And up front, the rewards WILL be closer to that chart since we’re use shy of 2500 MNs right now and have a .25% fee.

>>21339902
This assumes the dex takes off, correct? Who's to say another project doesn't overtake stakenet and leave us holding bags?

>>21340174
There are a few “competitors” I’m keeping an eye on just in case, but they’re all on-chain garbage.
You’re not wrong though. Stakenet has first mover advantage which is solid but it needs to take full advantage of that. I have faith, but not blind faith. Always keep your ear to the ground for enemies.

>>21340174
Who's going to build Litecoin's Lightning Network two years ago and help Raiden's team over the course of their project leading up until now and pull off what Stakenet is doing better than thim?
This is a retarded question. The only people that would be capable of pulling this off would care enough to do it in the first place.

>>21340085
Even then, I do have two... so the chart still applies for me. I do still want to work my way up to a third, though.

>>21340244
checked
I'm doing the same. It's a smart idea.

>>21339828
I don't understand why you can't just buy back

>>21340244
I know you're connected to the project in some way and I respect the work put in. Thanks for the info, I'm joining the Discord now for updates.

>>21340244
If other competitors want to try to copy the dex they would still need the nodes to host it

>>21340043
i haven't been sober since 1995, lol, thanks for your pitiful attempt to fix the issue of addiction, but we all know your conservative 'pull yourself together man' approach does not work. i would rather die than be sober, and doing so is so painful that it's impossible to not whinge.
cleopatra, alexander the great, buzz aldrin, moses, the queen of england today... all dead or dying from alcoholism, and wagging your finger doesn't help one bit.

fucking hell man. im gonna have to buy back in aren't i? this is like 6 times the price i first paid. not nice.

>>21340293
I’m actually not, just a firm believer. Thank you though!

Guys, I've been following XSN for a week or so, sorry for joining the party so late.

Could I get a quick rundown on why to create a masternode instead of just buying the coin? Or a few links?

Also, whats your prefered place to buy XSN?

>>21340526
Masternodes will host the dex in the future and get 90% of the dex fees split among them. Buy xsn from livecoin.

>>21340609
Will I be able to stake my masternode on a ledger?

>>21340526
>Guys, I've been following XSN for a week or so, sorry for joining the party so late.
yeah fucking sucks buying at these prices, but less so if you unlike me are only just getting onboard now and sold for a pittance beforehand.
anyway yeah iktfb.
>Could I get a quick rundown on why to create a masternode instead of just buying the coin? Or a few links?
well i mean you're rewarded for hosting such a node, like interest payments on your bank balance...
>Also, whats your prefered place to buy XSN?
i think livecoin is still the only way. feels precarious but it has always been legit in my experience.

why are so few here killing themselves with drugs and booze? i'd have though biz would be riddled with coke addicts and the like.

anyway yeah. masternode = monies. livecoin = ok.

>>21340526
discord[dot]gg[forward slash]fbbsgg
Several tutorials, newcomer questions etc. in there but I’ll answer your initial questions here anyway:
>why create a masternode?
A masternode requires 15000 XSN as collateral to run. It’s not an either/or thing, you’re still buying the coin just using it for a specific staking use case. Except master nodes allow you to do much more than stake, you also get rewards from transaction fees on the network and get a vote on governance issues. That said, if you don’t want to lock down the coin as collateral, you can just buy it and stake it as normal. To be honest though, it’s not overly hard to stop running your master node to make your collateral coins “free” again.

As for where to buy, Livecoin is probably the most preferred because it’s non-KYC, but Beaxy lists XSN too. I’ve not used Beaxy and can’t vouch for it. Livecoin has more frequent maintenance periods than larger exchanges but I’ve yet to have any problems with them in terms of withdrawing, trading, or losing coins. Still not wise to keep them on a centralized exchange if you aren’t planning to sell, of course, but that’s not unique to Livecoin.
Soon you’ll be able to buy on the Stakenet Dex, though!

>>21340609
Looks like a Halo loading screen.

>>21340669
They are working on it

>>21339711
>he fell for the pajeet FUD

>>21337819
Ah yes makes sense. It's already August.........

>>21340669
Currently I believe you can only do “normal” TPoS staking from your ledger or hardware wallet but there are plans for running a master node from one. See https://stakenet.io/faq/#can_i_run_a_masternode_while_holding_my_xsn_coins_in_my_ledger_nano

>>21339828
Don’t do it while your mother is alive. Please anon.

>>21340779
Ironicn Pajeetposting is still Pajeetposting.
Nobody wants mob justice as a court. Anonymity doesn’t make that go away.

Honest question: does ORN have a good chance of overtaking this?

>>21339902
>the only point of reference scamnet victims have is their hourly earning at mcdonalds
top laff

>>21340895
Not really. Orion is still on-chain and still has the same scalability problems that come with it, you still have to wrap tokens before swapping between chains, isn’t Lightning compatible, etc. serum and polkaswap have similar issues.
Because a lot of traders aren’t necessarily interested in how to fix these problems, there is a possibility that all of those things (which are essentially just slightly better Re-skins of uniswap when you get down to it) could jump ahead of Stakenet INITIALLY, but as they run into the same problems as uniswap and anything trying to do swapping on-chain, Stakenet still has yet to have a real competitor there.

>>21340895
ORN is doing the same like Binance DEX, Polkaswap etc etc.
Onchain =less privacy, less speed, never really scalable, you have to trust a new chain and peg / wrap your tokens on a different chain, more blockchain fees

Although I bought in at 7 cents, red days hurt just because I’ve never had the chance to be this early in a project , when will it pump again? I need dopamine

>>21341201
Probably 1-2 weeks, a lot of people are busy chasing shitcoin now