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/biz/ - Business & Finance


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21766425 No.21766425 [Reply] [Original]

>2020
>trusting centralized exchanges and blindly assuming another Mt. Gox could never happen to (You)
>2020
>paying ridiculous gas fees just to see a transaction take hours on congested layer one DEX’s like uniswap
Why do you do this to yourselves? Do you hate having control over your own money or something?

>> No.21767147

>>21766425
So what's the solution?

>> No.21767186

>>21767147
Use a reliable centralized exchange and then move assets to your own wallet asap.

>> No.21767298

>>21767186
Spoon feed me on how
I have metamask and use uniswap and coin base to get coins but I still have to use my debit to buy eth initially

>> No.21767444
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21767444

>>21767147
Stakenet DEX.
Fully decentralized, non-KYC, and integrated lightning and raiden networks so swaps are instantaneous.
>what about liquidity?
They built an aggregator that sucks away liquidity from shitty cex’s to handle this.

>> No.21767945
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21767945

>We’ve been here from the beginning as early players in blockchain and technology infrastructure. That means we’ve made a lot of friends along the way – we’re well connected and well informed. And best of all, we’ve surrounded ourselves with those responsible for creating the foundation that tomorrow’s value and currency will be built upon.

>That is why our focus is on educating our partners on blockchain, as well as other new developing technologies and how to implement them

>> No.21768066

I unironically have more faith in XRP going to 2K eoy Than XSN posing any serious threat to Binance or Cuckbase.

>> No.21768175

>>21768066
Those are just memes with no basis in reality, unlike grant fucking cats. The truth is XSN is going to make binance and coinbase a lot of money from the aggregators. They are both very happy to see this coming because all the guys laundering or paranoid about privacy and security afraif of mtgox will be buying from them through xsndex.

>> No.21768353

>>21768175
>>21768066
>The truth is XSN is going to make a bankster and a politician a lot of money from dumping on biz fags

>> No.21768409

>>21768175
Got any thoughts on the discussion in the other thread? >>21765882


tl;dr,
>what's the largest trade size going to be on the dex, if lightning channels are limited.
>what's the point in opening more lightning channels to trade more btc if you need to pay the miner fee going to lightning

Seems like the trades are all going to be small as fuck, and as such to get a lot of volume you're basically hoping on everyone that owns btc will trade on the xsn dex. Honestly what's the point in opening ten channels and paying ten on chain fees when I could just use binance lol.

>> No.21768599

>>21768409
Fuck me all going quiet on this one. Will post again tomorrow and hope I don't get met with 'cope' and 'seethe' responses

>> No.21768874

>>21768599
Legitimately couldn’t tell you. I’d ask the team directly in discord instead of posting in a community channel.

>> No.21769190

>>21768874
There's like 8 threads here a day about Stakenet, and not once has this been covered? Either I'm being really retarded, or no one wants to talk/knows about it.

Please be the former.

>> No.21769554
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21769554

>>21769190

>> No.21769661

>>21769190
I’m confused what you’re asking, are you asking if the newest lightning version (wumbo) will be able to be used in Stakenet? Or are you asking if lightning itself will be capable of large transactions?
>>21769554
I cannot fathom a dumber person than a bitcoin maxi

>> No.21769954

>>21768409
The latest lnd update removes channel limits, so that point is no longer relevant

Trade size will be limited on DEX release initially while it's tested further. It might be removed when it moves to stage 2 or before, not quite sure on that

>> No.21770015

god i wish i were binance