/biz/ - Business & Finance

>>24276380
Centralized shitcoin with endless inflation.
Wont make it.

>>24276419
How is it centralized? Please enlighten me.

Ethereums supply is unlimited - your point?

>>24276638
DYOR or keep buying into scams that will dump on you.

>>24276681
I did, which is why I'm asking you, HOW is it centralized?
If you can't even answer one single question, just BTFO. Endless FUD with nothing of substance to it. At least TRY

>>24276638
Because when the DEX comes out it will be the most decentralized service available, and as anon's ID says,
>JK
Poor fud >>24276419
>DYOR
HAHAHAHAHA you gender dysphoria patients get funnier every thread.
>>24276380
I expect August levels in the next few weeks.

>>24276732
I believe it will go higher than August levels, thinking $0.80-$1 range.
Long term $10+

>>24276419
>>24276681
>remote P2P LN atomic swaps from non-custodial wallets
>centralized
Care to elaborate? The only thing that's even remotely centralized is the Cloud staking service and that is completely independent of how XSN works.

>>24276819
Nice buzzwords but its centralized.

>>24276726
>>24276732
>they dont even know what they invested into
top kek

>>24276804
Capped, I hope you're right lad.
Good exchange listing news and ETH/Connext news is all that's needed

>>24276886
Thanks for evidence mate. Now that you've enlightened me I'm market selling 400000 vigintillion XSN (since the supply is unlimited, RIGHT?!?!)
Filter and go away you're a retard

>>24276886
>repeatedly insinuate that it's centralized
>can't explain why yet insists on it
The burden to explain how and why it is centralized falls on you. Until you can effectively prove what you're saying is legitimate, nothing you are saying can nor should be taken seriously.

As someone who has done swaps on this DEX, I can attest that I deposited BTC and swapped it into different, real assets over L2 and from a non-custodial wallet.

>>24276681
>>24276886
These 4 iq fuds were around when i bought link at 0.16 cents. So XSN will make alot of us millionares too :)

>>24277073
dont care enough to spoonfeed you losers.
stay poor, stay in denial.

>>24277259
>4 posts by this ID
And yet you still can't prove what you're saying as true at all despite all the time you've spent so far hurling out ad hominems and telling people to DYOR to imply that what you're saying has any weight to it.
Stop lying, stop seething, and get some XSN.

>>24277259
Right, you keep bumping this thread for no fucking reason, I'm sure you want the price to dump again so you can buy low.

"Its centralized" That's one of the worst FUD's I've seen in a while here. Hahah, stay poor

>>24277259
tell me what the fuck does DASH do ? absolute fucking nothing !!
and the node cost one hundred two thousand american dollars.

If XSN keeps the promise of their roadmap it will be much bigger

>>24277365
>>24277478
These are the same people who spent months calling the DEX vaporware and make dedicated FUD threads everyday.
XSN will pull an XRB-style pump and they will miss out. Can't say we didn't tell them to get in while it's cheap.

>>24276419
>>24276886
>>24277259
>>24276681
absolutely bullish :D
XSN $100 2021

>>24277690
$100 2021, $100 is FUD

Post the /xsn/ general or fuck off. Having multiple threads up at once just helps the FUDers.

>>24277996
You're more than welcome to make a general. I could care less about appeasing the fudders.

>>24277478
Funny because XSN was forked on DASH and BTC. They just improved upon it

>>24278324
And that's just right now. At the top of the last cycle, DASH had an $11 billion market cap.
XSN would see double-digit prices per coin at 1/10 that evaluation..

>>24278496
1000x incoming

>>24278880
I don't think people realize how hard altcoins pump in a bull market...
At one point in time, gains were so commonplace that a lot of /biz/ considered a 10x mediocre.

>>24277259
this must be the shittiest fud so far.
not even trying

>>24277259
>N-NOOOOOO ITS CENTRALISED!
>NOOO ITS YOU WHO IS IN DENIAL

>>24280008
They'll be back tomorrow morning (EST).
Once XSN is in single-digit $ territory, they'll start accusing us of spreading the FUD. That will be their new FUD.
When it hits double-digit $ territory, they'll insinuate that we were the ones who spread that rumor.
If and when it hits triple-digit $ territory, caps of their months-long campaign will be famous for how ill-sighted they were. They will age the same way that 2011 BTC/2016 ETH fud posts did.
No level of onions will calm them.

>>24280697
*s o y l e n t
fucking jannies

Going to dip a bit more? I'll convert some of my xrp or xlm into it.

>>24277073
have the developer said how many MN do they have?

i bought 340 poor fag here at 25 cents.

idk if i should buy more.

>>24281086
Development is funded by a treasury that receives 10% of the block rewards. The treasury proposes a budget for the masternode owners to vote on.
45% of the rewards go to the masternode network.
The remaining 45% goes to staking rewards.
If the devs want to buy for themselves, they buy it the same way anyone else does.
>>24281204
Next year looks really good for alts and it looks increasingly like XSN bottomed out last week. Much more room to go up than down over the next 12-14 months imo.

>>24277248
>when i bought link at 0.16 cents
How much did you make anon?

SCAM!

>>24282225

>>24282639
SCAM
C
A
M

>>24282225
Why do you say this?

>>24282791
It's a means of derailing any higher-end discussion from a small handful of ex-whales who sold near the bottom in conjunction with a community manager who got fired in 2018 for doing a shitty job.
Some of them hold a grudge against Stakenet and they refuse to let it go and get on with their lives.
There's also a few people in the DEX area that see XSN as a threat, so they stalk every thread, viciously and obsessively attack it for hours on end (i.e. 40 posts by this ID of people yelling SCAM), try to turn everything into a shit-flinging mess, and make dedicated concern shill threads whenever there aren't any up.
They've been doing this almost everyday for 6 months - from 600 sat, to 4.8k, back to sub-600 sat. The peak of their "achievements" in doing this is screencapped here >>24277649
It hasn't stopped XSN from progressing in any way, shape, or form.

Anyone that's /biz/ for awhile remembers when nolinkers did this exact same thing everyday for almost 2 years before they finally got unequivocally btfo. The same thing will happen with XSN.

>>24283432
Anyone that's *been on* /biz/ for awhile

>>24283432
That's quite the collection of fud. So how are you affiliated with XSN? What is your incentive for shilling it?

>>24283939
>>24283432
Not trying to sound rude, I'm just curious

>>24283939
Let me ask you, what's the reason for shilling anything at all?

>>24283939
I used to chase pumps on /biz/ all the time during the last bullrun and, as a result, had a lot of accounts on CEXs. Slowly, each and every one of them, save for the shady but reliable ones from Russia (i.e. YoBit and Livecoin), got hacked, KYC'd, or both. Ironic, considering how inherently secure blockchain technology is supposed to be.
I began looking into DEXs back in 2018 and particularly liked Stakenet's model, their approach, and their mentality during the 2018-2019 bear market. They were small, they didn't have ICO money, they didn't have any major institutional support, but they seemed to be onto something good...
I started buying it up and watched as the industry snubbed it in-between hyping garbage and claiming to "help promising crypto startups".
Never had any affiliation with the project aside from beta testing and gradually became a whale.

The appeal to shilling XSN on /biz/ to me is two-fold in that it's a bit like pic related. Amidst the low-level fud, /biz/ is good for getting the kind of scrutiny that is ruthless, but robustly accurate. If your vault is really as secure as you say it is, you can drop it in the middle of a place like Detroit or Camden, NJ with complete confidence that it will not be broken into. XSN is the vault, and /biz/ is Camden - partly retarded but with some dangerously cunning people lurking amid the subterfuge.
Additionally, since XSN started as such a small-scale project and spent all their money on development rather than paid shilling and exchange listings, it's a bit more like talking up a small restaurant of exceptional quality rather than another McDonalds or Burger King. No one needs to advertise McDonalds. They can do it themselves.

>>24284338
Either a superfan or trying to increase their bags. Nothing wrong with either

>>24284580
I'd say a lot of the shills are genuinely interested in the project. The fudders are too, they just follow a different strategy.

>>24284558
I'll check it out. Thanks brother and good luck with your gains.

>>24281204
did anything fundamentally change between when you bought and now?

>>24276380
overvalued you mean. this is vaporware. -90% in Q1. bye boy. buy badger when it comes out.

no ones buying this turkroach pajeet scam lmao crawl back to your whale channel

Masternode count is back over 2700 boys.

>>24285598
wow look at all those indians making 30 cents a week off masternodes! i need to buy one before im priced out!

>>24285733 look at ops pic
that's the masternode distribution
>>24276380

Do you se any in india?

>>24284957
Thanks man. Same to you.
I'm using what I observed during the last market cycle as a gambling chip - that taking a calculated position in a promising altcoin could lead to insurmountable returns.
In 2017, I impatiently went in and out of positions chasing pumps that I missed out on some legendary ones. I also had dozens of alts, and the volatility of them all - major gains and major losses - tended to have a balancing effect.
Instant gratification (or the lack thereof) and the almost-subconscious effects of market psychology go hand-in-hand. Newcomers often fail to take them into account and fall victim to them due to a lack of a clear strategy and impulse.
Is it wiser to take one clear position for years at a time versus multiple erratic ones? That's the gamble.

>>24285733
Someone show this guy the chart showing that a single masternode is hosted in India. Literally the whitest most privileged project out there.

>>24285776
Look at ops pic...

>>24285785
Yeah I saw it just after I posted my post.

>>24285757
In all fairness, 1 MN is hosted in India and 12 MNs hosted in Turkey.
13/2701 = 0.48% of the masternode network
The Top 5 countries, in order are:
>America
>Germany
>Japan
>Netherlands
>United Kingdom
Europe continues to dominate the TPoS Merchant node map.

>>24286119
One thing that may give Germany in particular an extra boost is that they host a lot of the Scandinavian nodes. XSN has a rather healthy following among Danes and Swedes. Finland has a lot of MNs even on the map.

buy/sell ratio is evening out pretty quickly, lookin good. fairly low listed resistance

That big exchange listing coming could pump us HARD.

Is 15K enough to make it lads?

Is this a breakout?

>>24286537
Long term yes.

The last time buy orders overtook sell orders we pumped to 4k sats....

>>24286293
It hasn't looked this good in months.
I think I might put some buy orders in on the lower end and cancel them to go all-in if it breaks 1k.
>>24286395
True. I wish people didn't prioritize big exchanges so much but at least it gives a wider audience more immediate access to it.
>>24286537
1 MN to make it is the goal.

for anyone new to biz and looking for secret gems to invest in - this is not one. this is a 3 year long running scam, rebranded from an earlier identical pump and dump scam under POSW. the dex is only capable of swapping BTC for their shit token XSN and after 3 years of "development" the team has only shifted goal posts instead of achieving whats set out in the white paper (we're on roadmap 2 or 3 atm). they shill this here daily shutting down valid criticism with "fud", "look its cz!", etc. i want us all to make it bros, dont get yourself sucked into scams like this.

>>24286909
Is this what you consider 'legitimate fud'? >>24285594 >>24285733
Or this?
>>24276419
>>24276681
>>24276886
>it's centralized you pajeet cockroach
>can you explain how it's centralized?
>it's centralized you pajeet cockroach
...How about this? >>24282225 >>24282742

If you're going to change gears and appear to be more genuine, at least remember to change your ID. You guys suck at doing that.

>>24286909
Do you really think Litecoin work with a Scamteam?

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

Wasn’t 2 years enough to accumulate?

>>24287210
Anon, these are the same people who vehemently denied that XSN collaborated with the Litecoin Foundation after being presented multiple LTC-based sources, githubs, a RT from Charlie Lee.. while simultaneously circlejerking themselves from the same ID to make it seem like their concerns were genuine.
I genuinely welcome and encourage legitimate FUD or concerns. It's very rare. Instead, it's just the same few long-refuted things everyday, followed by them overreacting when someone doesn't give them attention and answer it for the 80th time.

Consider this...
If the fudders were really trying to "save anons" as they say, I don't see how raiding the one lone XSN thread and spamming it with disinfo isn't anything but insulting to everyone's intelligence and a colossal waste of valuable time (for everyone, but -especially- for the fudder who does it for free).

Pic related is legitimate and helpful FUD.
10 days after it was posted, it came true. The target for capitulation was accurate. It gave anons a proper warning about what to expect and an opportunity to buy a dip they'd now be up almost 2x on. Proper uncertainty about the short-term to help those planning for the long-term.

If they really wanted to save or help anybody, they wouldn't act the way they do or say the things they say.

>>24287799
Checked. Fudders left immediately.

>>24288283
1% chance they'll do their research and construct some genuine criticisms.
99% chance they will enter the thread tomorrow concern shilling over irrelevancies from 2 years ago
100% chance it blows up in their faces over the next few months as alts explode and XSN continues to be discovered.

>>24288283
I’m sure they will start again when the burgers awaken. Maybe there’s some britbongs

>>24289130
>when the burgers awaken
Kek. The drive-thru is open 24/7 anon.
The burgers are always among you.

>>24289254
Haha good point sir
The drive-thru is an unstoppable force akin to the Masternode network

>>24289254
lmao
>>24288688
nice digits

I’ve come across one interesting system called gotEM. I haven’t seen anything like it before. They have created Pre-sale wallet for each user who would like to get GTX and x5 profit.

>>24289472
kys pajeet.

no need for shitnet, we got wrapped assets and uniswap boys!

>>24289642
Is this satire?

>>24289642
kek

Simple swap will make this shit easy for retards to use.

>>24289974
Agreed. Auto channel management is one of the best things to happen to LN.

>>24289642
Yeah boyyyyyyy congested L1 for life brother!

>>24290491
Why would anyone want to burden the chain with all those tx?

>>24290714
Makes fees nice and high so if you want to spend $20 of ETH you need at least 32ETH as gas fees

>>24290868
kek
When is Casper coming out again? Been hearing about ETH become proof of stake for 4 years.

>>24290948
Impossible to know..
People thought XSN shills were the worst for soon-ing kek
In the mean time when the DEX comes out and normalises L2, at least Stakenet DEX will keep ETH and BTC usable, even during a bull rally

>>24291013
I don't get it. XSN's doing all this stuff no one has ever done before with L2 infrastructure on a shoe-string budget and you have people blowing up because they can't do it in a day.
ETH is sitting on billions of dollars and is partnered with multiple fortune 500s.
Not even knocking ETH, but they're in a much better position to implement their plans.

>>24291199
Checked. It's called fud, they do it because they need to buy more and want to keep the price down. The marketcap is so low that a small increase of buyers could pump it.

>>24286119
Do you understand how a vps works anon? Just because India doesn’t have any vps online, doesn’t mean the person who ones the xsn collateral isn’t based I. India.

I could set up my master node in Taiwan if I wanted

>>24291536
>OMG TURKROACH SCAMMMMM NOOOOOOOOOOOOOOO CURRY

>>24291473
Can't help but point out the irony in the soon meme when ETH's delays appear to be a complete non-issue.
>>24291536
True. You could, theoretically, host a masternode in Chad.

What are the risks for the X9 team to get ((shut down)) or ((suicided)) before completion of the DEX. The announcement about KYC wallets or whatever that happened today. How much bearing does stuff like that have on the project? I know that the end-goal of hydra is supposed to be censor resistant and impossible to shut down, but there's still a long way until that point isn't there?

>>24292261
Legitimate FUD. Excellent.
Were you around the one night a few days ago when Uniswap's Cloudflare hosting went down? It emphasized just how quickly a DEX can be taken down if they set themselves up in a way where there's one centralized point of failure (i.e. AWS or Azure).
Fortunately, Uniswap employs a multi-faceted approach where there are several backups in the event that one goes down.
>multiple IPFS gateways
>local hosting
Multiple attack points, some far more immutable and decentralized than others. X9 has also expressed interest in utilizing tor in the past.

>>24292757
Hydra

>>24293513
Unstoppable aggregation and decentralized apps. Once this starts it ain't stoppin boy

>>24292261
this is, quite literally, the only genuine FUD.

if these mad lads at x9 actually succeed in launching this DEX, and say, a privacy coin adopts the lightning network and can be traded on the DEX... you have the ultimate money laundering machine. Stakenet is going to gain some heat.

I've been saying this since day one - Stakenet isn't going to succeed because of the bull run, the bull run will START because of Stakenet.

>>24293786
Once hydra is done there will be no shutitdown.exe

ok biz, I have 40k XSN, 54k LINK, 2k QNT and about 20k USD worth of shitcoins. How would you reallocate this portfolio? are 3 MNs enough to make it (which to me means either 5MM USD post tax or 5k USD monthly passive income)?

>>24294364
That is comfy as fuck. I would probably consider XLM/XRP if you haven't got any. I don't know much about LINK but 50k is good stack

>>24292757
>>24293786
I understand what you're saying. But that's the thing, what countermeasures are there to assure development/the team doesn't get ((suicided)) or ((shut down)) UNTIL the point of Hydra? I.e. the governments etc actively regulating/taking action against its completion?

Because of it's money laundering potential etc, won't governments try to shut it down BEFORE it has the chance to get to that point? Of course, I realize there is probably a higher chance it won't be, but you get what I mean.
Is it just a matter of the team not being citizens in countries where these things are a problem or what?
>>24294092
As you say, there will be no shutiddown.exe after hydra is launched, but until that point, isn't there a way for it to get shut down?

I guess this concern is really not necessary, and I don't really care for my own personal investment's sake, but still would like to explore this topic if possible.

>>24294364
Personally i own link linkpool xsn and xmr.

>>24294528
Hydra is when the dex is nigrated to the masternode layer fully. So you'll need to shut down every masternode to shut the dex down. Right now it's only a dex hub which is just a few nodes.

>>24294528
Stakenet is so under the radar by the time hydra comes round it will be way too late for them to take any meaningful precautions to stop its growth.

desu anon if the government get XSN in their crosshairs, we've probably already made it by then.

>>24294622
That's what I'm hoping for. That might be one reason as to why the team is keeping such a low profile too, would be my guess.