/biz/ - Business & Finance

posw scam

Anyone who buys this deserves to be chink’d

>>24755188
Jesus why the shit fud still. Different team than posw days, in it's entirety. The project failed and was taken over

>>24755391
>Different team than posw days, in it's entirety
LOL, the project websites strongly disagree!

>>24754776
Agreed. These people are scum. I can't stand scammers.

>>24754776
neck yourself in minecraft

>>24754776
You gotta up your fud, the price isn't falling!!!!

>>24754776
>>24755154
>>24755188
>>24755410
>>24755574

take your meds you schizos

>>24755881
How is this FUD? It's true. If the price goes up or down, it doesn't mean that the developers are not scammers.

They are scammers independent of price. It's just how successful are they at convincing people to buy their scam. Apparently, they're having success, seeing as you're so quick to defend their past actions as "FUD."

>>24756066
If anyone is suffering from delusions, a common symptom of schizophrenia, it is you.

You are convincing yourself of a false reality, so perhaps YOU should take some medicine.

X9 took over POSW in October 2017, original POSW team left the project in May/June 2017.

X9 updated the POSW website in November 2017 which can be proven via Wayback machine:

https://web.archive.org/web/20171123005149/https://posw.io/

Scroll back earlier and you can see the site was completely different before X9 updated it.

This line of fud is pathetic. Also how can they exit scam POSW when they took over the blockchain and let all POSW holders swap POSW to XSN which they continue to work on to this day? Your attempt at fud here literally makes no sense.

>>24757369
What? That’s huge. I would say refuted.

Can’t wait for „Truthtellers‘s“ Feedback.

>>24757369
its just one schizo using a vpn to spam fud xsn. he gets off on it.

>>24757369
I really don't understand why you feel like you have to defend this scam. You should have more realistic expectations. Certainly don't invest more than you can afford to lose. You should expect this to eventually go to 0 like their last 'endeavor.'

Even dismissing the fact that the developers were compensated for participating and abandoning a scam, what is the value proposition of this project?

XSN coin is not utilized in the DEX and can't be. The only possible use for XSN is if you were to create an XSN lightning node and allow users to rent channels from your node. In this case, the users would need to hold XSN and desire to trade XSN for something valuable, so you would receive transactions fees for this by lending out your node capacity.

This is the only use. Think about what they said they are going to accomplish. They plan on creating a DEX that utilizes offchain scaling tech, right?

So, think of it in terms of a blockchain that can run smart contracts and is not limited in the same way Stakenet blockchain is. For example, in ethereum off chain solutions are conducted off the blockchain, meaning they do not require gas.

So if XSN is supposedly going to implement an offchain solution, it means that users don't require XSN. The problem is Stakenet cannot run smart contracts, so there aren't any applications of any value that can be developed on it. If that were the case, people would be scrambling to develop applications on Bitcoin, which has a far higher market capitalization, indicating far more skin in the game.

However, BTC is limited substantially, so Ethereum was created. Are there any Defi applications run on BTC? No, of course not.

Stakenet is a scam and if you hold it for too long, it will have the same chart as PoSW and you will regret defending these scumbags.

I hope for your own sake that you realize it has no value and you are supporting pieces of garbage.

>>24758122
TLDR. Never selling. Seethe and mix in a little cope.

>>24758202
You're gonna ride to 0, huh?

Never get married to your investment.

XSN 100$

>>24758248
Seethe, cope, seethe, dilate, cope, dilate again.

>>24756066
Fuck you JEW

>>24757903
t. IDF damage control kike poster for XSN
you kikes will pay for your disgusting behavior

>>24758511
Whats your dilation routine?

>>24758485
Cope at what? If I thought it had utility, why wouldn't I just buy it?

I don't buy the bags of scammers. Unfortunately, it is YOU that is going to have to cope.

You're so invested in this project, that you're blind to how it works and what's going on around you and the fact that you won't receive any fees at all. Not to mention that recent work has shown mathematically that liquidity providers should set their fee, which determines the width of the price window in which rebalances occur, to be as low as possible without being zero due to volatility harvesting.

I wouldn't expect you to understand this if you don't understand the token utility of the project you're currently invested in.

I suppose you could be a team member too. I can't even imagine handing over my hard earned money to scammers that will tell you anything to get you to believe their lies while laughing all the way to the bank.

The average Stakenet investor is extremely naive.

Imagine looking back after seeing what a scam this turned out to be and ignoring every red flag due to greed and unrealistic expectations.

Worst of all, actually defending these shit bags as they took advantage of your gullibility.

Does this mean something?

>>24758122
Congrats. Now,i can’t trust you anymore.
You lying regarding the posw devs as seen in the posts above.
The Internet obviously doesn’t forget.
I knew you as the „Truthteller“. To what name should we change now? „Fudfag“?

>>24759141
Lashing out against me won't help your investment. Save your resentment for the developers.

The writing is on the wall. It's up to you if you choose to read it or not.

I'm not your father. I can't save you from yourself.

Literally have promised a “big listing” twice a year, for the past 3 years. Anything to pump their scam. Disgusting people.

>>24759369
I asked my mother and you’re right.
You are not my father.
Peeww :D

>closed source
>unaudited
Not surprising for a scam!

>>24760960
>DAPPS built on XSN blockchain
>XSN blockchain can't run DAPPS
liars then, liars now.

>>24760988
Another person who has absolutely no idea how anything works, nice!
Dash? Cardano? Qtum? All UTXO with DApps, the latter two with 'smart contracts'.

>>24761625

Just incase anyone doubted you. Also Cardano? Weird pretty sure one of the X9 also works for them via IOHK, almost like they have experience with this already and know what they are doing

Eth key integration basically complete, we're, totally mooning to 5$ when they flip da switch on Raiden... Err, I mean CONnext, yeah totally 50$ once we turn it on. Big top 3 exchange listing in a week or two as well! 100$ 2021

>>24762214
Thanks m8
>NOOO SCAMMMM
You don't even need to be defending XSN to refute this utter bullshit about the capabilities of blockchains with UTXO accounting models

>>24762364
Suggests the fudder read up on EUTXO from IOHK and shut the fuck up with his constant line of “but UTXO sMarT coNTrAcTs”

https://iohk.io/en/research/library/papers/the-extended-utxo-model/

Imagine defending known scammers just because they tricked you to invest in their newest fraud. Anything goes; zero integrity.

>>24758122
Dilate and seethe more tranny blocknet cuck faggot. No investor can be this invested in shitting on their own coin. You must be a competitor, in other words holding extremely heavy bags of blocknet to be this fucking mad every single fucking day for months upon end.

>>24762398
kek
Funny reading retards try to talk about blockchain development without knowing anything about it.
>>24762656
That or it's someone who wants to shake weak hands and lower the price for their benefit.

Ok, can I just ask, wtf is taking so long for the exchange to be announced?

They mentioned that they were working on a major exchange, what the FUCK happened? That was back in November ffs! Why does everything take fucking years for Stakenet to do?!

Their last update was over 3 weeks ago now, jesus christ man...

>>24763506
Buy High Sell low
Find something more full filing in your life, look at the charts every few months or so. That way you'll find out that XSN will not go anywhere but 20c max. It is what it is.

>>24763506
No exchange needs XSN

>>24763506
I do understand this tbf.
They are compiling a (apparently currently 12 page) document answering a bunch of questions that have been asked in the Discord.
The exchange thing: I suspect they will have organised this for close to when they expect to have some kind of working product publicly released, but it could likely be a date set by whatever exchange it is. My suspicion is Bitfinex.

>>24762398
First of all not all UTXO chains are exactly the same, just like not all EVM compatible chains are the same.

Stakenet ≠ QTUM which nobody is developing on anyway.

You need to stop coming up with ways to justify your investment. I still haven't seen a question for the devs to clearly explain the token utility model.

Remember, these are the same devs that had a tweet come in that day about Taproot, which doesn't do anything for the token utility model for Stakenet by the way, and said it was always in the plan.

It's quite unbelievable the length that supporters go to defend the developers.

There is a reason why all the development is on Ethereum, but you don't want to allow yourself to believe it.

Ask yourself if you can explain the token utility model of XSN. If you can't, then why do you defend the developers. There isn't anything that I've said that's incorrect, yet you insist on defending them.

Why don't you ask them to explain the token utility model and then I can prove to you that it's not possible. At least give me some insight into how you think XSN coin will generate value.

>>24763628
There will be no exchange

>>24763656
Period

>>24763650
How BTC generate value?
Just by being the first meme coin?

>>24762656
I'm sorry that you can't defend your position, but there is no need to rage against me. You should thank me for providing this insight.

I know you feel comfortable with the idea that I must be a competitor; however, I can tell you that unfortunately for you, it's not true.

It's just that everything I said is correct, including what I said about volatility harvesting. So you have to think, even if you were to receive fees from the DEX, which you won't, you would have to set them to almost zero for your exchange to be competitive.

The problem is that if you consider Uniswap for example, fees are not paid in the UNI token, just like fees won't be paid in XSN. If fees are paid in XSN, it's an unnecessary abstraction that will drive competition elsewhere. It's simple economics.

Now you can get angry and put in your room and maybe punch holes in the wall or you can educate yourself on why you're making a bad investment, so you can make better choices in the future.

If anything, assuming you hold to 0, you should save your rage for the developers that have misled you and are laughing all the way to the bank with your money. They sold you false promises and lies, taking advantage of your naivety and greed.

>>24763708
That's actually a great question. It does have network effects and it has inelastic supply, unlike XSN, but it may very well not have staying power.

Time will tell.

>>24763757
How long will it take till your limit order is filled.
mines at 700 sats, I'm hoping that 4 5 days of more fud will bring it down.

>>24763813
Sorry to disappoint you, but I have never nor will ever buy this coin.

I think already elaborated on why it's a terrible investment. Nor am I in the habit of giving known scammers my hard earned money.

I hope that you also reconsider, but don't take my word for it. Do your own research. Verify what I said. Use a different source than the developers though.

>>24763856
nobody cares about your fud anymore.

>>24764047
The truth hurts, but it's the truth. You can either live a lie or you can seek the truth and be free.

It's up to you. But don't misinterpret reality for 'FUD.'

I know this hurts, but the pain will be much worse when your expectations are shattered. Just don't let this destroy you. You can still recover. Your life still has meaning.

>>24763650
<Stakenet ≠ QTUM
This is correct. However I was trying to touch upon the issue that people seem to have that UTXO chains are incapable of anything except for sending and receiving a made up internet coin.
>said it was always in the plan
They didn't, as your screenshot says, "it's been the plan since long ago". Perhaps referring to Taproot being proposed right at the beginning of 2018. It doesn't have a direct effect on the functioning of the XSN blockchain specifically, but is certainly exciting news for a DEX that implements the Lightning Network.
>Fees aren't paid in UNI == fees won't be paid in XSN.
UNI ≠ XSN, and I'm not sure what makes you think that competition will be driven elsewhere when Stakenet DEX currently AFAIK is the only DEX project planned to be trading native tokens over L2 including BTC and ETH, with the trading fee not set in stone by any means but suggestions so far have been competitive. It rewards those running the DEX.
Many different people running MNs in many different countries makes it more decentralized and if there were no reward no one would bother, also simple economics. I get why you don't like that concept, but without incentive for people/entities to provide liquidity or computational work, cryptocurrency would not function.
>>24763856
>>24764152
>Some unsubstantiated BS about known scammers
>Exactly how does the XSN blockchain work? I don't know.. But whatever you do, don't ask the developers who made it!!
>Larping as someone who gives a shit about others
You're getting craftier with how you mislead others, but as you said yourself, people should absolutely do their own research.

>>24764228
At this point, it should occur to you that what I'm saying is not FUD.

You're going to look back at all this and realize that you should have known.

So, let's just assume that somehow XSN holders are entitled to fees through some technological breakthrough that simply won't happen. But maybe you can wait 20 years I guess and we'll see what happens then.

But let's just say you're entitled to fees. I think you should look up volatility harvesting and it's relevance towards liquidity providers to understand how little you'll receive in terms of fees. Then you have to consider that just like Sushiswap was a copy of Uniswap, that multiple copies of XSN will arise.

However, I hate to break this to you, but that won't happen and it's not good news for your investment.

Anyway, my point is that when it comes to these exchanges, it's a race to the bottom. I at least appreciate that you're making an effort to educate yourself, but you're still doing it from a biased perspective.

Also, from what I understand the HUBS get all the fees, so what makes you think that only the HUBS will maintain the DEXs. Doesn't that make the most sense since users need a portal into the lightning network?

Unfortunately, it requires collateral. If you want to run a lightning node, I suggest that you buy BTC. Sure, XSN also has lightning nodes, but nobody demands XSN except for people that are falling for this scam.

They already did it before. Why would you trust known scammers?

You seem to be misinterpreting things. Just because you run a masternode doesn't mean that you can maintain or run a DEX. It doesn't make any sense and that's not how it works. Learn about the underlying technology because what you're saying is impossible.

Even if it were possible and somehow XSN can implement smart contracts that can lock liquidity of ERC20 tokens (it can't and it will never be able to) why would I deposit those tokens with you, so you can get a cut? Why would I trust you?

would love to see a reply comments on the utility value of the coin

>>24764953
read the whitepaper search the warosu archives. it's been addressed time and time again. it's literally the same fud every single thread, holders are done spoonfeeding

>>24765337
This, arguing in faith against complete and utter bullshit and lies that gets produced ten times more easily, and with the sole purpose of lowering the price every single day gets tiring as fuck after about a month. Idgaf anymore.

THE XSN FUDDER FEARS THE STAKENET GENERAL

>>24765593

>>24765663
It's a sad state of affairs when you as an investor can't articulate the utility of your investment.

Wouldn't you agree?

>>24765941
What do you mean? Are you referring to me posting the link or someone else? I'm not sure I quite understand.

Shills nowhere to be seen. Too much truth in this thread to bump.

>>24766064
>Spams SCAM all day everyday
>truth
Kys pajeet.

yeah keep this up lads hopefully i can get my cost basis to about $0.1 before the full DEX launch

>>24765337
new here, never seen it explained. would be easier if you can say and I look into it later

>>24765390
please explain. I don't think MN owners will get paid the 90% fees like I've seen in those mcdonald's charts, so I'm not sure where the value to the coin owners is REALLY coming from

>>24767277
the whole stakenet infrastructure will be hosted on the masternode network, and the masternodes will receive 90% of all the fees for the functions taking place on the network. simple as. im pretty sure the developers treasury gets 10%

honestly just read the whitepaper, everything you need is in the OP

>>24754776
We know. It's garbage. I warn people in every thread.

Like LINK in 2017-2018, all you idiots need to do right now is accumulate ARPA (and Bella Protocol) before the Multiparty Computation bubble, (confirmed bit Vitty), and wait. It's that simple. Work 2 years, hodl, and stake...make it.

>>24767425
>all you need to do is buy this completely useless vapourware before this arbitrary event which i cant explain!

woah, thanks anon!

>>24767248
XSN is required for masternodes. The masternodes host the only layer 2 dex that supports lightning swaps and native eth swaps........

DYOR
>https://stakenet.io/faq/#what_do_xsn_masternodes_do

Also see
>>24765663

>>24767277
Yes. In stage 3 HYDRA. The entire dex will be on the masternode layer.

>100% of trading fees will be used to market buy xsn, creating buy preasure.
>90% of that will be spilt to masternodes hosting the dex
>10% of that will be burnt
>At high enough volumes xsn will become deflationary

>>24767314
You're thinking of block rewards.
>45% (9xsn) to stakers
>45% (9xsn) to MNs
>10% (2xsn) to the treasury
Note that the treasury doesn't mint that 2% until that monthly budget gets approved by masternode consensus. I believe it gets stored in the super block in the meantime, although my technical knowledge of this is quite low.

>>24767806
>Note that the treasury doesn't mint that 2%
Whoops meant 10%.

>>24767248
>>24767248
fuck you no spoonfeeds. I don't care whether you invest or not, I'll make money off you either way.

best I can do is point you to >>24765593

the world is at your fingertips, all you have to do is your own research once in a while.

>>24767642
>The masternodes host the only layer 2 dex that supports lightning swaps and native eth swaps........
No it fucking doesn’t. The scammer team is claiming it will _in the future_, which it wont, since it’s not even theoretically possible, hence why it’s a scam. Sounds like you’re a team member?

>>24768614
>since it’s not even theoretically possible
It is. Cope harder cz.