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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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25861306 No.25861306 [Reply] [Original]

Connext mainnet edition

>What is Stakenet(XSN)?
https://pastebin.com/jiMdEAN8

>Whats the easiest way to set up a Masternode?
https://www.youtube.com/watch?v=x9_YdU8vWrU

>Official Site
https://stakenet.io/

>Whitepaper
https://stakenet.io/Stakenet_Whitepaper.pdf

>Lightpaper
https://medium.com/stakenet/stakenet-light-paper-56552f8c07a2

>Developer updates
https://medium.com/stakenet

>Latest Development Update
https://medium.com/stakenet/xsn-core-update-jan-2021-1f2b1f585b58

>Hardware Wallet Cold Staking
https://medium.com/stakenet/trezor-tpos-guide-fb9ea90382fd

>Additional reading

>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
>Ethereum Scalability Solutions, Connext and Stakenet | XSN Research
Scalability Solutions
https://medium.com/stakenet/ethereum-scalability-solutions-connext-and-stakenet-xsn-research-4edb29267bb6

>> No.25861319
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25861319

The momentum of the cryptocurrency space has snowballed exponentially over the past decade. Each market cycle to this point has brought a cornucopia of new strides and breakthroughs in blockchain technology. The rapid growth has led to immense profits for an uncountable number of long-term participants.

Adoption continues to spread with increased institutional backing and consumer payment channels. Indeed, all signs point to cryptocurrencies reaching a new plateau on the stage of global commerce. An essential question must be asked at this transitory junction in what appears to be the early stages of another bull market. How far will profit allow the underlying blockchain technology to deviate away from the roots of its essence and justification? There is no better source to reflect upon than the Cypherpunk Manifesto.

That which ages among the best is that which only becomes more biting and significant over time. Originally published by Eric Hughes in March of 1993, the Cypherpunk Manifesto has a short, sweet, and directly to the point message with an especially understated foresight about it that’s decades ahead of its time. It is a must-read for any digital native. It emphasizes the essence of digital privacy, decentralization, censorship-resistance/immutability, and the freedom to remain anonymous at-will. It argues that these principles be made manifest for any form of communication or commerce. Its backbone lies with every individual coder who cherishes the fruits of civil liberties and dares to counter and obsolete the many intrusive and invasive forms of technology with open-source, cryptographically effective solutions for the greater good of society.

>> No.25861352
File: 1.77 MB, 1920x1080, 1610360325788.jpg [View same] [iqdb] [saucenao] [google]
25861352

>>25861319
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.

>> No.25861385
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25861385

>>25861319
>>25861352
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.

>> No.25861413
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25861413

>>25861319
>>25861352
>>25861385
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.

>> No.25861444
File: 1.63 MB, 3840x2160, 1610360527353.jpg [View same] [iqdb] [saucenao] [google]
25861444

>>25861319
>>25861352
>>25861385
>>25861413
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.

>> No.25861478

>>25861306
Can we partner with CoinPayments?

>> No.25861500
File: 917 KB, 1594x1146, 1610360594576.jpg [View same] [iqdb] [saucenao] [google]
25861500

(X) I know DEFI is the entire purpose of crypto. Its why btc was created. So we can be our own bank.

(X) I know BTC did not succeed because it didn't scale and for btc to succeed now it requires lightning network. For similar reasons, I know for eth to succeed, connext is required.

(X) I know a DEX with atomic swaps is too slow to be commercially feasible. A lightning and connext dex is required.

(X) I know people are fearful of trading on CEX due to situations like Cryptopia and Quadriga.

(X) I know XSN is the only project with a true dex integrating lightning and connext. It will allow people to trade peer to peer directly from their computer. They always hold their coin. Never transfer to an exchange.

(X) I know XSN has an actual working product available for public beta testing, and full launch date being announced this month

(X) I know XSN is not a project that talks. They just do. I don't have to worry about an exit scam.

(X) I know XSN masternodes will process transactions on the dex and will receive the fees.

If all of the above are true, my masternodes will fucking buy me a nice big boat and quit wagecucking.

>> No.25861654
File: 223 KB, 1080x1124, IMG_20210112_123825.jpg [View same] [iqdb] [saucenao] [google]
25861654

Connext mainnet is ready. What does this mean? Connext can now be fully integrated into the MCLW(Multi coin light wallet)

Anything available in the MCLW will be tradeable on the DEX, which you will be able to access direct from the MCLW. An all in one hub for storing and exchanging all of your crypto.

Connext is specifically focused on the ETH Blockchain, which means when connect is integrated, all ERC-20 tokens become tradeable.

Yes that's right. You will be able to exchange BTC for USDT of LINK etc directly on the DEX. Privately, instantly, cheaply.

>> No.25861724

If Bitcoin begins to soar again, it's going to need a powerful Lightning solution or it will quickly become lethargic and expensive to send money with.
On-chain tx bandwidth needs to be ruthlessly optimized with priority to large sums of money. Sending $1 million? Do it on-chain and screw the fees. Buying a beer? Lightning.

If done right, Lightning channels can handle the heavy load of small, irrelevant txs, freeing up the pipeline for tx that genuinely need the benefits of on-chain.

For Lightning nodes to do this effectively, they need liquidity. That source of liquidity remains a subject of controversy, and rightly so.
It burdens the end-user to provide their own liquidity in a way that's inconvenient and hardly profitable, which beckons centralization on a massive scale.
In other words, you either have something that's decentralized and doesn't work, or something that's extremely centralized and works well. 1000s of water pumps atop 1000s of drying and shallow wells that can't provide liquidity, or a massive water company that's monopolized the water supply. It could turn a desert green, but it could become corrupt and start ripping off the town.

What's the way forward? You can't change how LN was implemented on Bitcoin, but you can work with it independently.

Masternodes are excellent LN routers, namely because they're
>secure
>run 24/7
>evenly spread out all over the world
>provide collateral - "Alice and Bob" only have to worry about securing their wallets and making good backups

If you put an entire masternode network to the task of doing this, you get heavy collateral that provides serious liquidity for small off-chain Bitcoin tx.

tl;dr - LN flows like liquid, and your options to scale liquidity are
>1000 pumps on 1000 shallow wells
>a water company that holds the town hostage
>a deep underground water reserve that's in one pool, possessed by no one, directly accessible from the surface

This is what Stakenet has been building, /biz/. Don't miss out.

>> No.25861754
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25861754

XSN $100 2021

>> No.25861760
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25861760

Almost to 12 MNs

>> No.25861784

>>25861760
That's an absurd amount of wealth anon. You're the future aristocracy.

>> No.25861875
File: 407 KB, 825x1428, 1594852623281.png [View same] [iqdb] [saucenao] [google]
25861875

Live Coin hack was a Perfectly hatched plan to fuck off fudding swingies while simultaneously making people realize that there's a fully functional LN DEX to use instead.

Essentially BTFO of two birds with a single hacking russian. Perfect, and unironically bullish as fuck. (not for swingies though kek, enjoy watching your frozen xsn in Cryptopia 2.0)

It was night of the long knives. Only long term holders loyal to the dex will make it. Kikes attempting to day trade for a measly profit on the trap cex laid for them were eliminated.
Their timing is perfect as the CEXs have already shown that they shit the fucking bed during times of high traffic.

>XSN is not just inevitable. It is necessary

>> No.25862007
File: 423 KB, 1373x1333, XSN is a SCAM.jpg [View same] [iqdb] [saucenao] [google]
25862007

>>25861306
>Exit scammed PoSW
>Didn't have any institutional interest or investment and no ICO (can be verified on Messari)
>Submits votes for themselves to mint more tokens, so they can dump on investors to pay for their 'operations' in textbook Principle Agent Problem

XSN token will never be needed. You can use the no volume, closed source, 'DEX' right now without XSN. Why? Because it doesn't require XSN and XSN is incompatible with a separate currency network. For example, you can't transact in XSN on BTC lightning. That's not how the network works.

How does it work? Well let's say you want to swap BTC for LTC via lightning. The developers currently own and collateralize a BTC and LTC lightning node, so if you want to trade BTC for LTC via lightning, you rent one of their channels where they receive 100% of the transaction fees that are required in the token that is being sent for a swap. So if you want to swap BTC for LTC, the fee is BTC.

THERE IS NO XSN INVOLVED IN THIS PROCESS NOR WILL THERE EVER BE.

Furthermore, developers say there will be DAPP developers that will drive utility for this token. However, this is a UTXO based blockchain which is EXTREMELY LIMITED and NOT EVM compatible, so there will NEVER be DAPPS.

So to summarize: TEAM EXIT SCAMMED PoSW. DUMPS ON INVESTORS TO FINANCE SCAM. XSN COIN NOT NEEDED.

>> No.25862032

>>25862007
Thanks for the bump

>> No.25862110

>>25861413
I'll summarize the effort for ya right now.

They created SHITNET LLC, for their PoSW (PIECE OF SHIT WALLET) Blockchain, but instead of hiring internally, what they did is they created a separate legal entity called K9 and contracted them to 'develop' LO FUCKIN L the SHITNET PoSW (PIECE OF SHIT WALLET) Blockchain.

Why, so when they EXIT SCAM, LOL, YET AGAIN, they LIMIT THEIR LIABILITY!!!

HOW FUCKING STUPID CAN YOU BE????

LOL

LOL

FOLKS, YOU JUST CAN'T MAKE THIS SHIT UP!!!!!

IT'S JUST TOO FUNNY.

SCAMMERS!!!!!!!

>> No.25862115

>>25862110
Thanks for the bump

>> No.25862120

can someone post the biggest wallets plox

>> No.25862220

>>25862120
go here - https://xsnexplorer.io/
click the 'Richest addresses' tab

>> No.25862240

>>25862115
My pleasure!

I fucking hate scammers. These guys are total pieces of shit.

I might have to start promoting Open Dex which I think is another piece of shit, but it's much better than SHITNET because in Open Dex WHO USES THE SAME TECH, liquidity providers receive 100% of the profits and it can work since it's built on an EVM compatible blockchain unlike SHITNET blockchain that's not needed.

Who the fuck is gonna pay some fucking jack ass moron masternode owner for doing jack shit?

HOW FUCKING STUPID CAN YOU BE?????

YOU JUST CAN'T MAKE THIS SHIT UP!!!!

LOL!!!!

LOL!!!!

LOL!!!!

>> No.25862253

>>25862240
Thanks for the bump

>> No.25862316
File: 278 KB, 1301x628, sure.png [View same] [iqdb] [saucenao] [google]
25862316

>>25862240

>> No.25862337

>>25861654
Fake, even if real it's shit.

>> No.25862342

Stop spamming this scam you fucking roaches
S A G E
A
G
E

>> No.25862395

>>25862337
>>25862342
Thanks for the bump

>> No.25862479

>>25862240

>Hates scammers

>Scams people by making them sell their Stakies

Fucking subhuman trash, you deserve to be burnt alive while crows are pecking your eyeballs.

>> No.25862496
File: 1.04 MB, 320x180, 1596899128358.gif [View same] [iqdb] [saucenao] [google]
25862496

>>25861654
Cum

>> No.25862510

>>25862479
>Engaging with the subhumans

They only exist to bump our threads anon.

>> No.25862563

>>25862496
What's your stack anon?

>> No.25862595

>turkroach scammers still don't understand what sage does
Any anon who falls for this shit deserves to get scammed

>> No.25862600

>>25862120
https://xsnexplorer.io/

>> No.25862611
File: 3 KB, 97x96, 1456494351465.jpg [View same] [iqdb] [saucenao] [google]
25862611

>>25862479
>tfw blockcuck DEVS (lmao) dedicate a sizable amount of their time and effort towards fudding XSN on a Laotian fruit waxing collective

>> No.25862613

>>25862595
Thanks for the bump

>> No.25862631

>>25862563
22 MNs

>> No.25862640

>>25862611
You can post an XSN thread at any time on any day and within minutes they will be dropping FUD copy pasta from 6 months ago.

>> No.25862711

>>25862342
fudder, since you're such a genuine person can you tell me what sage is? Or how to search for it since I'm a 60 IQ XSN holder

>> No.25862741

>>25862640
it's the same wall of text. Whenever I see that picture I instinctively scroll past without reading a word

>> No.25862799

>>25862741
I am unironically only keeping the general maintained just to make these cocksuckers seethe. I don't know what they're motivation is. Most likely they are just whales who want to suppress the price even further. I don't care. I will wage this war until the very end.

>> No.25862837

>>25862337
>doesn't even wait for the response to be posted to move the goalposts
swingies get the rope turkroach

>> No.25863106

>>25861306
What does this chart mean? You need 2500 Master Nodes to get this income displayed here? So you need 37 MILLION tokens to get the projected numbers here?

>> No.25863134

>>25862640
they do it for free lol
>>25862711
>>25862799
checked

>> No.25863299

>>25863106
nah that's for a single masternode

>> No.25863304

>>25863106
Are you blind? It's very simple. One masternode = 15,000 XSN. I thought the chart was completely fool proof but clearly not

>> No.25863414

>>25863299
Thanks.
>>25863304
The 2500 MN at the top confused me

>> No.25863656

>>25863414
I'm only messing lad. That 2500 MN's refers to how many masternodes are active.

>> No.25863858

>>25861444
>>25861500
>>25862600
>>25862611
>>25862711
>>25862799
>>25863299
Checked.

>> No.25863963
File: 235 KB, 1276x1038, 1610378450948.jpg [View same] [iqdb] [saucenao] [google]
25863963

Here is a reason why the FUDers are seething and spend all day fudding here.

>Lucien wrote the blockek mentions bot
>Lucien sold the bottom
>Lucien can’t stop seething
>Stakelords to the moon

>> No.25863984

>>25861306
>>25861319
>>25861352
>>25861385
>>25861413
>>25861444
>>25861500
>>25861654
>>25861724
>>25861754
>>25861784
>>25861875
>>25862032
>>25862115
>>25862253
>>25862395
>>25862510
>>25862563
>>25862613
>>25862640
>>25862799
>>25863304
>>25863656
>23 posts by this ID
Yankieruinfag fuck off this is embarrassing.

>> No.25864015

>>25863963
>24 posts by this ID

>> No.25864017

>>25863984
Thanks for the bump

>> No.25864028

>>25863984
lmao come on yankee. you and gantz need to slow it down on the good cop, bad cop thing

>> No.25864054

>>25864017
>25 posts by this ID

>> No.25864075

>>25864028
Thanks for the bump

>> No.25864090
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25864090

>> No.25864288

>>25863963
kek
buy high, sell low

>> No.25864323
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25864323

Blocknet development team

>Pic related

>> No.25864463
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25864463

XSN/USDT pair has been on WhiteBit for 2 weeks now
>Price steadily rising
>200k+ volume
>Volume has been steadily rising
>Layer 1 is getting congested as fuck

ENTER:
>Stakenet Vortex/Aggregator
>TOP 10 CEX LISTING
>Xsn/Pairs; the dex is able to pull volume from any exchange that has instant settlement.
>Stakies go Brrrrrrrrrrrr
>Dex is fully released from beta to public.
>Dex has Lightning(BTC L2) / Connext(Eth L2)
>Aggregator go Brrrrrrrrrrr
>Vortex go sucki sucki
>Dex now has insane starting volume due to additional pairs.
>Dex go Brrrrrrrrrrrrrrrrrrrrrrrrrr
>More and more people come to Stakenet Dex to trade; this is due to it being the only Layer 2 with Native Bitcoin Trading.
>Dex is super light weight and has a Simple Swap feature for retards
>Layer 2 has privacy and low fees
>Because of privacy and built in Tor integration (you can turn off and on) tax jannies on suicide watch

StakeNeets now have insane diagonal growth of wallet sizes multiplying with each node.

Soon(TM):
>ENTER:
>Stakenet Mobile

EOY:
>ENTER:
>HYDRA

>> No.25864800

>>25861654
>As of right now the Lightning and Connext networks are entirely separate, but they can be joined through our Lightning DEX. Someone with BTC in the LN will be able to instantly swap it for ETH or USDT (all off-chain) making the Lightning DEX the first off-chain link for off-chain L2 solutions. By integrating the Connext network, Stakenet will also reap the benefits of its chain-agnostic features, becoming the cross-chain architecture for cryptocurrencies operating on separate blockchains.

>The Lightning Network DEX is only the beginning. As a code-agnostic platform, many dApps can be built on top of Stakenet. The potential applications for this are limitless, as this composability would offer smart contract applications many fascinating and exciting possibilities.

>> No.25864810

>>25864800
Checked,

>> No.25864877

>>25862240
This is probably the funniest and yet most sad FUD attempt I've seen in a long time xD Hahaha.. GG

>> No.25865031

>>25864877
FUDing scum are on borrowed time.

>> No.25865131

>>25864877
The fudders aren't even trying anymore, also checked.

>> No.25865181

I just don't understand how this isnt raging all over /biz/. Anyone passionate about crypto should be able to see the enormous importance of this project.

Is old /biz/ truly dead? Did they make it with LINK and never plan to return?

>> No.25865189

>>25862640
Well, the OP wall of texts posts have been copy pasta for years now. It’s all so tiresome

>> No.25865241

>>25865189
It's all true. It's the best Introductory for the project.

Oh well. It will get the attention it deserves when it's already gone 10x.

>> No.25865335

>>25864877

Checked

>>25864800

Checked and XSN pilled

>>25865189

Well the general idea was always the same, though its being edited as the project evolves.

>> No.25865805

bump

>> No.25866010

>>25865131
fudders are gone. they fucked up right now :))

>> No.25866054

today is the day. we are going to the moon

>> No.25866607
File: 52 KB, 1200x674, lightning.jpg [View same] [iqdb] [saucenao] [google]
25866607

Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

>> No.25866634
File: 2.47 MB, 2048x1367, lightning1.png [View same] [iqdb] [saucenao] [google]
25866634

>>25866607
>Lightning Swaps

With decentralization slowly finding its roots in today’s world, people are showing an inclination towards replacing centralized intermediates with decentralized ones. Although the acceptance of a complete decentralized organization is still distant, there has been the emergence of a lot of services which now help people in carrying out transactions without an intermediate party. Atomic Swaps are one of these. In simple terms, an Atomic Swap is a smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries, such as an exchange.
In August 2018, we released a new Lightning upgrade along with the implementation of Lightning Network and Atomic Swaps. The combination of Lightning Network along with Atomic Swap allowed the execution of “Lightning Swap” which is an instant and nearly fee-less cross chain trade. The successful execution of Lightning Swap has taken us a step closer to our trustless one-click Lightning Swap solution which provides the user with a unique interoperable peer to peer solution that is only available with Stakenet.
To elaborate, Lightning nodes validate transactions between two separate chains. A Lightning node is an endpoint communicator that should have data from both chains. In other words, it needs to monitor both chains and thus is able to validate the transaction. With the upcoming development of the Multicurrency Wallet, Masternodes will be holding the separate chains in a decentralized manner, so you won’t need to download both chains. The Masternodes will also provide Watchtower services, so if anything goes wrong it will execute automated scripts to claim the punishment rewards.

>> No.25866662
File: 146 KB, 2000x1099, lightning2.jpg [View same] [iqdb] [saucenao] [google]
25866662

>>25866607
>>25866634
>Stakenet Solution

Crypto exchanges are the mainstay support for the cryptocurrency market as they allow trading of coins thus providing liquidity. Even after being such an important component of the crypto markets, most exchanges are centralized and are operated out of a single central server making them vulnerable to hacking or forced closure by the regulatory authorities. Also, once a user places a trade with a centralized exchange, their coins leave their possession and are stored with the exchange, thus making the user lose the utility and benefits that one receives from the coins. These are some of the potential risks which Stakenet aims to answer with its proposed Stakenet dx (Cross-Chain Lightning Swaps).

With important components such as the Multicurrency wallet and Lightning Swap in place, we are only a few steps away from creating this solution. There are some DEX’s which are currently operating but all of them have some vulnerabilities of centralization, whereas Stakenet would be the first to operate a completely decentralized solution which would be entirely run by Masternodes and not supported by a centralized entity.

>> No.25866683
File: 27 KB, 512x371, lightning4.jpg [View same] [iqdb] [saucenao] [google]
25866683

>>25866607
>>25866634
>>25866662
Apart from that, the other advantages of the Stakenet’s Cross-Chain Lightning Swaps are:

>The coins which the users hold never leaves them unless the transaction is completed giving them unlimited access to their coins.
>With coin in their wallets, they also benefit from all the utilities, features and staking rewards of the coin.
>The user remains anonymous as he doesn’t have to provide any Know Your Customer (KYC) details to anyone providing the user with complete anonymity and freedom to trade fearlessly.
>Not being in hands of central authorities, the Stakenet dx cannot be shut down by anyone, not even Stakenet.
>All transactions are done on a peer to peer basis without the involvement of a central authority, making the transaction more secure and less expensive as the fees are lower.

>> No.25866699
File: 95 KB, 1068x580, lightning6.jpg [View same] [iqdb] [saucenao] [google]
25866699

>>25866607
>>25866634
>>25866662
>>25866683
The question is what’s the point of a native token on a chain that facilitates Lightning Swaps?
There have been two main criticisms of Lightning Network thus far:

1. Decentralization
2. Liquidity

By using the XSN native blockchain to host a one-click Lightning Swap solution, it gives the advantage of utilizing its second layer Masternode collateral to solve both of these issues.
Masternode collateral can only be achieved by using a native blockchain, since the rules need to be baked into the first layer to have secure Masternode’s in the first place, so you cannot use DApps or off-chain tokens to have the same effect or solve the problems that require a dedicated Masternode network.

With our native blockchain you will be able to take this collateral and allow Masternode owners to make that collateral work for them by generating fees from routing Lightning payments, becoming Watchtowers, holding other chains, providing Light Wallet TX broadcasting services and liquidity for the Lightning Network as a whole.
Furthermore, all major infrastructures will be built using Masternodes to provide a decentralized service without hurting normal users on the base protocol.

XSN users and owners will be rewarded accordingly via demands for XSN to set up these Masternodes or using it as a medium of exchange, because it will be one of the most liquid Lightning Networks necessary for high volume trading and general payments.

This is one of the major selling points along with other exciting capabilities our second layer will allow in the future. As new technologies regarding smart contracts, DApps, and scaling come into the scene we will also be able to uniquely solve problems that these technologies might face using the same approach we are taking with Lightning for example.

>> No.25866734
File: 1.89 MB, 3912x3087, lightning7.jpg [View same] [iqdb] [saucenao] [google]
25866734

>>25866607
>>25866634
>>25866662
>>25866683
>>25866699
In short, all services running on the Masternode network will generate fee’s that will be paid in XSN in one way or another. Many users may not even realize they have paid in XSN as it will all be handled by Lightning swaps in the background. For example, if someone wants to trade BTC/LTC then the fee will be initially collected in BTC, however this BTC will be converted into XSN via a Lightning Swap in the background. That XSN will then be distributed back to the MN holders for providing the services.

This will happen for every service that is run on the XSN Masternode network, such as the Privacy features and upcoming DApps. We believe this economic model will provide a constant demand for XSN with fees collected constantly being converted to XSN and then distributed back to Masternode holders.

We have also partnered with professional trader Frank Amato (current Block 5 Capital Co-Founder, Former Executive Director of JP Morgan, Former Managing Director of Bear Stearns), to help design the Stakenet dx, as he provides insights on how the one-click Lightning Swaps can meet the expectations and requirements of seasoned traders. It will have a “Pro-Trader Mode” which will serve ambitious and also seasoned retail fund investors.

>> No.25866821

>>25866607
>>25866634
>>25866662
>>25866683
>>25866699
>>25866734
Based.

>> No.25866969
File: 2.87 MB, 1600x900, STAKENET DEX VORTEX .webm [View same] [iqdb] [saucenao] [google]
25866969

>> No.25867062

It's happening.

https://streamable.com/codw1m

>> No.25867234

Bump

>> No.25867321
File: 267 KB, 1078x985, Screenshot_20210112-092743_Telegram.jpg [View same] [iqdb] [saucenao] [google]
25867321

Connext is now on mainnet. So we'll see all the ETH and ERC20 pairs live these days. I'm wondering which will follow USDT. What's your guesses?

>> No.25867375

>>25867321
>Top 10 CEX announcement this month
>DEX launch date announcement this month

We'll pump so fuckin hard on the CEX listing.

>> No.25867534

>>25867321
Link will follow they have said it will be one of the first they add

>> No.25867609

>>25867375
Definitely, that's why I got me another 30k

>>25867534
Great that will get this layer 2 baby huge attention

>> No.25867713

>>25867609
/biz/ will start paying attention when they can trade LINK on this bad boy.

>> No.25867950

>>25867713
With ETH and USDT in play now, LINK and XMR are the most routinely requested

>> No.25868001

Xmr integration is pretty interesting

>> No.25868070

>>25866699

Checked and based

>> No.25868249

>>25867950
>>25868001
XMR can't be integrated until they themselves adopt the lightning network (or equivalent)

But it's rumoured to be in the works and is definitely one of the most exciting possible pairs

>> No.25868769
File: 197 KB, 746x479, 1610084447617.gif [View same] [iqdb] [saucenao] [google]
25868769

>>25862741

>Whenever I see that picture I instinctively scroll past without reading...

>> No.25868837

>>25866699
Checked.
>>25867321
GG, no one has lightning swaps yet expect Stakenet kek.
>>25868249
It's possible to the dex to do layer 1 swaps. So if XMR is atomic swap they may do it.

>> No.25868862
File: 349 KB, 1684x1067, 1609832749022.jpg [View same] [iqdb] [saucenao] [google]
25868862

>>25868001
>>25868249
>>25867950

XMR Lightning Swaps will be activated around Oct 2021. So it's going to take eoy at least.

>> No.25868889

>>25868862
Sorry I meant atomic swaps

>> No.25868958
File: 382 KB, 950x949, 1610065446171.png [View same] [iqdb] [saucenao] [google]
25868958

>>25861444
>>25861500
>>25862600
>>25862611
>>25862711
>>25862799
>>25863299
>>25864288
>>25864800
>>25864877
>>25866699
>>25866969
Checked Based & XSN PILLED

>> No.25869034

Oops, the exit scam project of yours isn't an exit scam ...
I will do some more research? Where to buy the best and what is the right price?

>> No.25869059

>>25869034
WhiteBit. XSN/UsdT pair.

>> No.25869081

LINK/BTC trading pair coming, no doubt

>> No.25869285

>>25869034
Buy it on Whitebit exchange. XSN USDT pair

>> No.25869591

>>25869034
Whitebit

>> No.25869683

>>25869059
>>25869081
>>25869285
>>25869591

Thnx

>> No.25869838

>>25869081
Imagine how much volume this thing will have with just a few interchain pairs.

>> No.25870186
File: 29 KB, 558x549, images (33).jpg [View same] [iqdb] [saucenao] [google]
25870186

We are so close fellow Stakeholders.

>> No.25870211

>>25870186
If we're lucky we'll get the dex this month, connext is now live on mainnet.

>> No.25870292

>>25870211
We'll the announcement of the launch date and CEX listing is confirmed for this month, so I bet we'll see it all by end of next month.

>> No.25870300
File: 17 KB, 249x243, 1596976117224.jpg [View same] [iqdb] [saucenao] [google]
25870300

>>25870211
Checked.

HAIL HYDRA

>> No.25870334

>>25870186
I can feel it now.
>>25870292
Agreed. I'm thinking it'll probably be Kraken or Bitfinex?
>>25870300
Checked and dangerously XSN-pilled

>> No.25870346

>>25870300
Checked and bssed.

>> No.25870404

>>25870300
Checked

>> No.25870420
File: 166 KB, 1008x1140, xsn_.jpg [View same] [iqdb] [saucenao] [google]
25870420

>>25870300
Checked and based. Xsn will moon soon.

>> No.25870439
File: 148 KB, 925x742, IMG_20210111_211652.jpg [View same] [iqdb] [saucenao] [google]
25870439

>>25870334
It's confirmed to be a top 10 CEX on CMC and coingekko. I'm not going to guess but I'll go ahead and assume it's not binance. Kek

>> No.25870641

>>25870439
Binance would be game ending but anything else would be very good too

>> No.25870656

I will market buy 10 nodes when it's out and everything is working. I don't care if the price is 1 btc per node or more, if this shit ever gets released it will do a 100x for me. Only reason I havent bought is because of all the delays and i don't want to sit with a 30c stablecoin during alt season.

>> No.25870662
File: 1.50 MB, 1680x1336, Binance on suicide watch.png [View same] [iqdb] [saucenao] [google]
25870662

>>25870641
its not binance lol

>> No.25870761

>>25870656
Enjoy getting priced out. Most of the supply is already locked up. DYOR.

>> No.25870847
File: 250 KB, 652x946, 1594771282628.png [View same] [iqdb] [saucenao] [google]
25870847

>>25870656
Let me explain something to you.

When it comes to investing, the name of the game is to buy LOW, sell HIGH. Ideally, we want to buy something really low, that will rise really high. We want the potential reward to be enormously greater than the potential downside. This is called an ASYMMETRICAL RISK.

So you have to find something LOW that is fundamentally GOOD, and has the potential to rise HIGH.

Now an asset will often be LOW because it has not yet reached it's full fundamental potential, and there is an element of RISK. If you ever want to make a lot of money investing, you will always have to take on a certain element of risk.

The TRICK is to take ASYMMETRICAL RISKS, as described above.

Stakenet is one the greatest asymmetrical risks you will ever come across. Instead of choosing to make it, you're choosing to sit on the sidelines, and if it works out THEN you'll buy, at a medium price. But guess what? By that point - you're no longer making an asymmetrical play - you're holding potentially as much downside as upside.

We are getting in at the ground level.

>> No.25870877

>>25870847
Based and risk pilled.

>> No.25870958

>>25870847
Based.
>>25870877
Checked.

>> No.25871354

>>25861306
Stakenet? In 2021? LOL.

>MASTERNODES BROOOOOO

it's not 2017 anymore.

it's over.

sell for Glitch when it goes live on UNI in a few days or you are dead.

>> No.25871370
File: 185 KB, 918x1280, Stakelord.jpg [View same] [iqdb] [saucenao] [google]
25871370

STAAAAAAAAAKELOOOOOOOOOORDS, cheers.

>> No.25871384

Stakenet listing is listing on Bitfinex

https://twitter.com/coins_flare/status/1348953797855473664?s=21

>> No.25871386

https://trading.bitfinex.com/t/XSN:USD

>> No.25871406

>>25871354
thanks for the bump

>> No.25871481

>>25871384
>>25871386
BASED Stakenet delivers.

>> No.25871590

>>25871384
Big if true.

>> No.25871640
File: 7 KB, 229x220, download.jpg [View same] [iqdb] [saucenao] [google]
25871640

Is it happening?

>> No.25871686
File: 188 KB, 1278x661, Screen Shot 2021-01-12 at 19.55.47.png [View same] [iqdb] [saucenao] [google]
25871686

>>25871640
It's happening fellow stakeholder.

>> No.25871700

https://twitter.com/bitfinex/status/1348963162754854913

IT'S FUCKING REAL!!!!

>> No.25871768

>>25871700
checked.

>he doubted the devs for a second

>> No.25871775
File: 566 KB, 1080x2280, Screenshot_20210112-130813_Discord.jpg [View same] [iqdb] [saucenao] [google]
25871775

THEY DELIVERED IT'S FUCKING REAL MOOOOOOON

>> No.25871977
File: 36 KB, 425x714, hszhar4t5c761.jpg [View same] [iqdb] [saucenao] [google]
25871977

We all gonna make it

>> No.25872105

>>25871977
checked.

>>25871775
WGMI.

>> No.25872352

We're fucking mooning. Goddamn it feels good to be a XSNsta

>> No.25872472
File: 150 KB, 646x700, 1595656878708.jpg [View same] [iqdb] [saucenao] [google]
25872472

EVERY SINGLE FUDER WILL BE DRAGGED FROM THEIR HOMES AND HUNG FROM STREET LAMPS

>> No.25872560

>>25872472
NUMBER GO UP

>> No.25872592

What do i do with all this money frens

>> No.25872656

>>25872592
this is literally nothing yet. This is just the first time you've even been able to buy XSN from a half decent exchange. this is just initial price discovery.

>> No.25872731

>>25872592
buy more XSN, this is the START

>> No.25872768

>>25872656
By the time it lists it will be well over $1

>> No.25872886

>>25872768
i'm jerking off

>> No.25873298
File: 141 KB, 980x742, 1600596376022.jpg [View same] [iqdb] [saucenao] [google]
25873298

>>25872768
>>25872886
It's off to chink hell for you, CZ!

>> No.25873347
File: 195 KB, 798x770, 1595238368661.jpg [View same] [iqdb] [saucenao] [google]
25873347

>The anons watching the 100x launch after panic selling the bottom

>> No.25873477

>>25873347
hahhahahahha swingies get the rope

>> No.25873498

BLOCKNET BLOCKKEKS GET THE ROPE

>> No.25873709

>>25873477
Checked.

>> No.25874087

>>25872656
White Bit is half decent. Certainly miles better than livecoin.

>> No.25874154
File: 8 KB, 235x215, 1600243800056.jpg [View same] [iqdb] [saucenao] [google]
25874154

FUCKING YES, FUDDERS ETERNALLY FUCKING BTFO HAHAHAHAHHAHAHAHHAHAHHAHAHAHHAHA.

>> No.25874481

>>25874154
>DEX launch date being announced this month
>connext developments and mainnet integration

we will be $1 EOY without a doubt.

>> No.25874515

>>25874481
*$1 EOM I mean! god knows where we could be EOY...

>> No.25874564
File: 17 KB, 347x412, file.png [View same] [iqdb] [saucenao] [google]
25874564

Buying at 0.4$ is a steal so feel free to dump on me.

>> No.25874599

>>25874515
This is fud. $5 would still be considered undervalued for this project.

>> No.25874647

>>25874515
Considering they are about to make Uniswap/Sushiswap irrelevant and Uni has a marketcap of nearly $1.5B and XSN is $44M I would say they at least match UNI and would be $15 XSN so even at $0.40 a x37.5 from here and that’s before the mega alt coin bull run

>> No.25874650

>>25874599
checked and i wouldnt disagree with you. but $1 EOM is a literal certainty at this point

>> No.25874695
File: 591 KB, 750x938, xsnass.png [View same] [iqdb] [saucenao] [google]
25874695

>>25874647
>$1.5B
>$How does $15 XSN sound?

>> No.25874734

>>25874650
XSN is still in price discovery because it hasn’t been listed on a big exchange before. This could be well over $5+ by EOM

>> No.25874960
File: 1 KB, 179x33, Capture.png [View same] [iqdb] [saucenao] [google]
25874960

>>25861306
1$ EOM

>> No.25875437

>>25874734
You're not wrong.

And with a working DEX - Uniswap, and a great many other exchanges, will be made obsolete. XSN should absorb all of their market share, and market cap. Not to mention the hype that will add fuel to the fire.

We are quite literally, going to make it.

>> No.25875709

>>25861306
So a $10 xsn will equal roughly 84k a year if I stake 1 MN? That seems too good to be true.

>> No.25875783
File: 352 KB, 1355x753, dailyrewards.png [View same] [iqdb] [saucenao] [google]
25875783

>>25875709
That chart isn't the best. This one is >>25864090
Pic related is daily

>> No.25875817

>>25875709
https://xsnexplorer.io/
>2766 masternodes

>> No.25875870
File: 215 KB, 1856x630, tradingfeesmonthly.png [View same] [iqdb] [saucenao] [google]
25875870

>>25875709
This is just block rewards. Pic related is trading fees in hydra.

>> No.25876128
File: 107 KB, 500x637, 1501565935363.jpg [View same] [iqdb] [saucenao] [google]
25876128

It still hasn't hit me that we're all literally about to make it with our masternodes.

>> No.25876461
File: 14 KB, 385x303, maxresdefault (2).jpg [View same] [iqdb] [saucenao] [google]
25876461

>>25876128
1mn chadlet here

>> No.25876474
File: 41 KB, 499x499, 1535400072979.jpg [View same] [iqdb] [saucenao] [google]
25876474

>>25870847
Exactly my thoughts about this project. I'm fucking stoked to have found it in time.

>> No.25876482

>>25876461
Ive got 2 and youre still gonna make it. At the very least none of us are wage slaving.

>> No.25876580
File: 12 KB, 207x244, 1608851324286.jpg [View same] [iqdb] [saucenao] [google]
25876580

>>25872352
Brb gonna snack on my XSNacks while I silently watch our rise to the fucking moon and beyond. Cheers to all fucking masternode holders, even the fudders because you'll make a hell of a show when you're hanging from the street lamps.

A late merry christmas my fellow Stakelords.

>> No.25876609

>>25876128
>>25876461
>>25876482
1MN short term(3-12 months) suicide stack, long term(12 months+) make it stack.

>> No.25877160

>>25875870

You know those numbers were made by community members and never confirmed by any team member right?

Regardless, 10$ eoy is filthy fud.

>> No.25877220

What's a suicide stack?

>> No.25877323

>>25877220
1MN

>> No.25877341

>>25877220

It's not that cheap anymore but i would say go for at least 1 MN to make it.

>> No.25877413

>>25877341
>>25877323
Shit, I just heard about it.

>> No.25877473

>>25877413
Dash MN was $1.5M last bull market, XSN MN does far more and is only $6k at the minute

>> No.25877552
File: 753 KB, 1024x455, XSN_BASED_SQUAD.png [View same] [iqdb] [saucenao] [google]
25877552

>>25877473
>tfw 11 nodes

>> No.25877676

biz told me this was a scam

>> No.25877726

>>25877676
haha loser I am finally done accumulating

>> No.25877784
File: 239 KB, 1067x851, 1600216916335.png [View same] [iqdb] [saucenao] [google]
25877784

Everyone with at least 1 MN is gonna make it. It is known. 10+ MN is new financial elite.

>> No.25877841
File: 253 KB, 504x396, stakeinmynet.png [View same] [iqdb] [saucenao] [google]
25877841

>>25877552

>Tfw 21 MNs

>> No.25878206

>>25877676
nah. there's a reason XSN has maintained a constant presence - positive or negative - for such a long time

>> No.25878563

>>25877676
no one on this board is out to help you faggot the sooner you learn that the better

>> No.25878763

How much is 1MN again? 15k?

>> No.25878837

>>25877413
It's real valuation is at least 5$ and most of biz hasn't seen Bitfinex listing tweet yet or still thinks it's a scam, so u do the math

>> No.25878950

Reminder that it's always been:
1 MN suicide stack (stakechads)
3 MN to make it (stakeneeets)
10 MN to become the new 1% (stakelords)

>> No.25878967

>>25878763
15k XSN will get u a masternode and enable u to earn dex trading fees when Hydra is enabled. If u use their masternode as a service buy 200 XSN more for the fees (4.5$/month)

>> No.25879069

What's the difference between this masternodes and the others?

>> No.25879228

>>25878563
fuck you, i just bought a node. difference between me and you is that i earned sats on alts while you held a 20 cent stablecoin for a year

>> No.25879285

>>25879228
jokes on you i literally bought all my 3 nodes at 13 cents last month

>> No.25879289

>>25877160
Yeah those charts are fud. $100 is fud.

>> No.25879331

>>25877676
lmao
>>25877841
based

>> No.25879348
File: 7 KB, 915x113, optimism.png [View same] [iqdb] [saucenao] [google]
25879348

alright stakenet lets not get ahead of ourselves

>> No.25879372

>>25877473
Wouldn't selling the top and buying back the dip be the smart thing to do?

>> No.25879415

>>25877676
How did you fall for that? XSN is a perfect IQ test

>> No.25879420
File: 335 KB, 1315x492, Daily Block Reward Estimate.jpg [View same] [iqdb] [saucenao] [google]
25879420

>>25877160
I made them. it assumes a 0.2% trade fee in Hydra.

Regardless, the block rewards schedule is based on 100% verified data from the team. If you have 2+ nodes and price is $5+, you're literally gonna make it off block rewards alone.

>> No.25880036

>>25879372
yes - but what's the top here? You can try to sell the spike once BFX opens trading - but that's a dangerous game.

>> No.25880168

>>25880036
Thats what I'm thinking of doing, sell on the spike and buy the dip when it cools off. Either way I made money to buy rope if it moons hard

>> No.25880190

How are my 1 MN chads doing today?

>> No.25880310

>>25879228
how much extra xsn did this get you?

>> No.25880522

>>25879228
welcome

>> No.25881267

>>25880190
pretty comfy minichad here.
wagmi frens