Complete scaling solution for BTC / ETH ... XSN

[Anonymous No.21863860]

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet (XSN) is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but has more volume than Blocknet's DEX, which has been on the market for 2 years.

[Anonymous No.21864140]

You still pay the on-chain fees when you open a channel. If you don't do hundreds of trades a day, this solves nothing.

[Anonymous No.21864219]

-50% in the last 7d. Nice going.

[Anonymous No.21864288]

>>21864140
You can leave the channel open though for weeks.

[Anonymous No.21864340]

>>21864140
But once you have a channel open keeping it open has very low cost and isn't on hair, so its really just a one time experience

[Anonymous No.21864348]

You should be able to never close it and just keep renting. I mean who wants to just make one trade...thats buying and hodling shit

[Anonymous No.21864664]

I bought 40k XSN at 3500 sats. I feel horrible right now. Please tell me everything will be good.

[Anonymous No.21864695]

>>21864140
>>21864219
You have about three months until Raiden CZ. Three months left to bend the knee and have your lifework spared.

[Anonymous No.21864729]

>>21864664
It won’t. I recommend filling my buy order immediately, I will be a bro and help you cut your losses.

[Anonymous No.21864807]

>>21864664
>i bought link at 0.80 instead of 0.20

[Anonymous No.21864822]

>>21864729
I feel bad but not bad enough to sell at a loss

[Anonymous No.21864863]

>>21864807
While I do see the potential in XSN, this is never going to be as big as link

[Anonymous No.21864864]

>>21864140
Nobody seems to address this issue.. are you telling me you have to rent a channel to do one trade? You would have to be a serious trader to leave one open.. so thats not a reasonable explanation for a normi. Does X9 have an in house solution for this to make it normi friendly and easy to use?

[Anonymous No.21864944]

>>21864863
No, but nobody outside of the most retarded moon boys has claimed that.
The tongue in cheek phrase is LINK 1 XSN 2 for marketcap. I don’t think that will happen but I do think XSN will hit top ten mcap once hydra is implemented.
The other thing is XSN already has functional staking, so even though LINK will reach a higher price/market cap, passive income is already present and working with XSN and that’s a big deal if you’re looking to maximize in the mid term.

[Anonymous No.21865513]

>>21864864
The defense is that "you can leave it open", which is silly since most people don't do day trading. They do a trade or two and that's it for the week or so.

[Anonymous No.21865993]

It is still better than CEx where they can take your deposit and run or get hacked. Just opening a channel and closing it is basically same fees as a CEx.

Infact it's not even slower. You need an onchain deposit and a withdraw for CEx also.

However lightning channels really show off when you are buying and selling. This is good for market makers and swing traders. You can leave channel up for a week at a time and you can rent it for even longer I believe once time is up.

[Anonymous No.21866192]

>>21865513
>The defense is that "you can leave it open", which is silly since most people don't do day trading. They do a trade or two and that's it for the week or so.
Uniswap volume begs to differ.
You’re correct that normies aren’t going to get much out of this, but the retards seeking to get rich off PnD’s will be on this like flies on honey. Like the fools who went to California for the 1800s gold rush. And Stakenet will be happy to stand by and sell them the shovels.

[Anonymous No.21866508]

>>21866192
But the Stakenet Devs dont want to add shitcoins to their DEX

[Anonymous No.21866559]

>>21864944
when hydra?

[Anonymous No.21866595]

Anyone stake from the core wallet? I would mint coins everyday but for the last 2 days I have been staking 24/7 and have not minted anything.

[Anonymous No.21866600]

>>21866192
They have said they are going to approve every token added. You wont see any Uniswap pnd action.

[Anonymous No.21866635]

I think people are missing the point of Layer 2.

Layer 2 is where like 90% of the transactions are supposed to take place leaving Layer 1 clear and free to operate.

When we get to that point you won’t need to close channels, and opening them will be fast and reasonably cheap anyway. Stakenet are just way ahead of the curve here which is why people don’t understand it right now but as more and more services move offchain it will become more normal.

If you think about how tiny the entire crypto space is right now and already we hit onchain bottlenecks just think about what will happen with “mass adoption”. Layer 2 isn’t a gimmick it is an inevitability as it’s the only way to scale effectively long term.

[Anonymous No.21866763]

>>21866508
[citation needed]

[Anonymous No.21866810]

>>21864664
it's gonna go to zero you should sell now and cut your losses
>fuck you not your security blanket

[Anonymous No.21866856]

>>21866763
Well they are adding XSN to the DEX so that’s proof they are happy to list shitcoins

[Anonymous No.21866885]

>>21865513
channel rental costs are trivial.

opening a channel is a one time activity, no need to open and close channels for every trade

[Anonymous No.21866925]

>>21866856
kek

[Anonymous No.21867042]

Is it too late to get into XSN?

[Anonymous No.21867288]

>>21866885
What kind of costs are we talking? Do you have a ballpark?

Im a MN holder.. really just curious about my investment. When everyone gets defensive i just assume your trying to paint it up prettier than it is.. you know what i mean? If FUDers bring up good points, the team should have good answers

[Anonymous No.21867302]

>>21867042
now is the perfect time while its going down

[Anonymous No.21867355]

>>21866192
I am not a retard but I make at least 4-8 trades on Uniswap per week. And the fees right now are outrageous. I will be using the shit out of this Dex.

[Anonymous No.21867480]

We're experiencing a healthy correction. Relax.

[Anonymous No.21867563]

I am confused as to why more people aren’t pumped about the Dex. Forget about the coin. Who cares aside from people who FOMO’d into it. The Dex is going to be huge and allow people to jump in out of tokens with ease and minimal fees. That alone is reason to root for this DEX.

[Anonymous No.21867579]

>>21867355
Raiden network website says fees will be orders of magnitude less than paying gas, that at least sounds promising.

I assume lightning is similar, they dont have hard numbers but if they even brought fees down to eve $2 a trade it would blow uniswap out.. ive been averageing $7 in gas/trade

[Anonymous No.21867628]

>>21864140
To be fair, I've literally said this from the very beginning. It solves nothing, and it is only for professional traders who want to arbitrage on cex trades.

Problem is it won't get those professional traders, as the 0.2% fee is too damn high, since most pro traders are running on fees of less than 0.01% lmao.

>>21864664
It's quite clearly going down for another couple of months until they announce raiden into the live dex. Could be longer. Either get out now and try to make it back somewhere else, or hodl and hope that raiden integration to the live dex pumps the price again.

[Anonymous No.21867768]

>>21867288
>What kind of costs are we talking? Do you have a ballpark?
I paid 0.00000058 sats opening the LN for btc since last week and been doing a total of 0.7 sats trade for the whole week without paying anything to the network, I don't have to close it. Closing the network is just an option.

[Anonymous No.21867806]

did i miss any news? why is it dropping way harder than others? also a lot of selling on livecoin

[Anonymous No.21867831]

>>21867628
this is the crypto bear trap dumbass. the whole market is down. when chainlink and xsn start going up again you'll know we're out of it. they are the early indicators...

[Anonymous No.21867840]

>>21867768
How much can you trade? How big is your channel?

[Anonymous No.21867887]

>>21867563
>I am confused as to why more people aren’t pumped about the Dex.
It's not a pump and dump shitcoin.
It's not on Coinbase.
It's not on Binance.
It's not on Bittrex.
It's not on Bitmex.
It's definitely not on Unishittoken/Unishitcoin/Uniscam/Uniswap.

Just enjoy the dip, or miss it like a dumbass.

[Anonymous No.21867943]

>>21867831
XSN has being going down for a few days now, not correlated with the BTC dump. Also it's not a fucking bear trap on a 50m mcap coin ffs. With projects like this, low circulating supply and thin order books are the reason's for pumps/dumps. Coupled with the lack of news about raiden and everyone getting a better understanding of how the dex is going to play out long term, the price will continue to go down.

Luckily I sold enough at the top to cover my buy in.

[Anonymous No.21867972]

>>21867840
>How much can you trade?
1 btc for now but I want to stress-test the network with 8 btc for only 3 sats on LN once the public beta is released.

[Anonymous No.21868258]

>>21867579
On Raiden and LN you can set the fees to anything you want, can be zero fee if you wish just depends how the team set it up.

[Anonymous No.21868337]

>>21864664
Its going to keep going down you got scam pumped by xsn discord shills who don't give a fuck about project, they only care about making money.

[Anonymous No.21868370]

>>21867972
Im so goddamn comfy holding this shit

[Anonymous No.21868405]

>>21868337
Yeah, the threads have calmed down. Classic rug pull.

[Anonymous No.21868671]

THERE WE GOOOOOOO

[Anonymous No.21868779]

It's dumping. Looks like the market doesn't think XSN is defi.

[Anonymous No.21868884]

>OPEN BETA IS LIVE
>Don’t need to be in discord
> 0% trading fees

https://link.medium.com/h681YYilf9

Time to dump

[Anonymous No.21869047]

>>21868884
So theyre going to do both eth AND raiden. That means we won't have to fuck around with weth. Good news.

[Anonymous No.21869055]

>>21868779
>the market

[Anonymous No.21869083]

>>21868370
My amount is nothing. There's another guy in the discord who is going to stress-test the LN with 370 btc for 5 sats. That amount is too much even for me.

[Anonymous No.21869256]

>>21869083
Amazing. Very curious to see how this project develops in the next year or two.

[Anonymous No.21869622]

>>21867943
XSN moves independently of BTC, just like Link does. News literally just came out like 45 minutes ago. you're falling for the FUD pretty easily lmao

[Anonymous No.21869623]

>>21867887
This

[Anonymous No.21869945]

XSN is a scam. They've been pushing their "lightning" dex for 2 years now and have nothing to show for it. Just another shitcoin jumping on buzzwords to dupe the noobs.

[Anonymous No.21870100]

>>21869945
They just launched the open beta an hour ago retard....

https://link.medium.com/xyqpKs4nf9

Going to have to get some new fud

[Anonymous No.21870150]

>>21863860
BTC will never be able to scale, it is just a store of value and that is all it will ever be.
ETH on the other hand could, but you will need to wait for v2 which could take a few years.

[Anonymous No.21870404]

>>21869945
>hey guys here's the product we've been working on all this time
>v-vaporwave ss-scam
a few weeks later
>hey guys raiden is up and working now
>i-it's FLAWED
imagine doing this everyday since this was 700 satoshis

[Anonymous No.21870460]

>>21870150
The Stakenet Light Wallet & DEX are intergrating Raiden to help with ETH layer2

[Anonymous No.21870764]

piece of shit wallet!!!

[Anonymous No.21871141]

>>21870764
stay obsessed and thanks for bumping the thread

[Anonymous No.21871368]

Is MNaaS from a hardware wallet up yet?

[Anonymous No.21871621]

>>21871368
No will be in the hardfork coming in a week or two

[Anonymous No.21871663]

>>21871368
No, unfortunately. It is pretty easy to cold host from $20 SSD, though. That's what I do.

[Anonymous No.21871678]

>>21871621
Thanks bro. Where can I get info on the hardfork?

[Anonymous No.21871721]

>>21869047
It'll still be WETH afaik

[Anonymous No.21872068]

>>21867288
Like $1 or less.

pic related - how much I paid to open a BTC channel (by far the most expensive channel on the network).

[Anonymous No.21872138]

>>21865513
>Instant trades across any blockchain isn't worth having to pay one fee once every week
Listen to yourself.
We gave you two fucking years, you asshole.
Let them in.

[Anonymous No.21872192]

>>21872068
Sorry should have clarified.

The big red # is how much BTC I sent to L2 for trading - the little # below it (0.00011688 BTC) is the cost to actually open the channel.

In all honesty, testing the dex is just proving out how outdated and essentially useless BTC is as a utility coin. If you simply want to move your money from A to B without worrying about borders & fiat costs, you should be getting literally anything with a faster block time, except maybe ethereum, which, while faster, is just as expensive as BTC to transact in.

[Anonymous No.21872478]

I just did my first DEX trade with the aggregator. Bought 39XSN and watched the trade pop up on Livecoin trade history. Wtf is this magic I can’t believe it’s real, I now realise why people have been hyping this up when this shit is plugged into all exchanges you won’t have to go anywhere else it’s crazy

[Anonymous No.21872568]

>>21872478
We stand at the precipice of great change, anon.

[Anonymous No.21873434]

>>21872192
so what is the purpose of BTC then? literally digital gold? not a bad position to be in

[Anonymous No.21873600]

>>21872478
holy shit that's insane

[Anonymous No.21873878]

What just happened? The price instantly recovered the last few days.

[Anonymous No.21874217]

>>21864219
Check again nog :)

[Anonymous No.21874268]

i traded just in time before it spiked above $0.40 again. Wooo!

[Anonymous No.21874576]

>>21873878
DEX beta is out. So far its pretty nice. Limited coins right now, but you can see how big this could be when they incorporate more tokens/coins.

[Anonymous No.21874609]

>>21863860
Someone post the dex guides.

[Anonymous No.21874785]

>>21874609
Written Quick Start Guide - https://medium.com/@hermesesus/stakenet-dex-quick-start-guide-cc1fea8b71ce

Video Tutorial Guides - https://www.youtube.com/playlist?list=PLiPgD5jh1hS3KeNIt6qkxsp2G8vIgKl8v

[Anonymous No.21875027]

>>21874785
Cheers, xsn shills are based.

[Anonymous No.21875033]

>>21872478
imagine when it'll connect to all 500 CEXes

[Anonymous No.21875512]

How much longer until we get cz involved? I don't even care that he's double dipping here. If the aggregator can just capture 1% of the volume and the team changes their mind about the hydra rug pull I'm a retired man.

[Anonymous No.21875636]

>>21866600
>>21866508
Post-hydra that isn’t up to them.

[Anonymous No.21875793]

Fuck I just downed the beta.

This is.... Way better than I expected....

[Anonymous No.21876145]

>>21875793
pretty normie friendly too, which is important. I hope this shit goes big so I can finally tell my boss to fuck off

[Anonymous No.21876772]

>>21875512
Cz is already involved though, his employees are on /biz/ everyday fudding since he is busy taking care of his wife's son.

[Anonymous No.21876848]

>>21876772
Legit waiting for what his writers come up with tonight for fud. Last night it was the number of light wallet updates was somehow bad.

[Anonymous No.21876878]

[Anonymous No.21876979]

>>21876772
I mean for real though, not just the pajeets larping that he's against it somehow because he suddenly remembered he hates money. I'm ready to start making bank off my 20+ mn's.

[Anonymous No.21877014]

I wonder what Grant is up to tonight...

[Anonymous No.21877543]

>>21876848
kek i was ITT
a few weeks ago it was concern shilling over some github from 2018 "so its vaporware posw scam"

[Anonymous No.21877858]

Its so god damn comfy holding a stack of this, knowing in a years time how smug I'll be rubbing my profits in the faces of those that couldnt see the big picture

Didnt think i'd ever be graced with a chainlink teir opportunity again in my life and yet here we are.

[Anonymous No.21877902]

>>21877858
Congrats, most of nu/biz/ will be seething extremely hard because they didn't listen when they had the chance for cheap masternodes. Kinda like no/linkers/ are atm.

[Anonymous No.21878218]

>>21877014
Probs fucking cz in front of his wife's son.

[Anonymous No.21879255]

[Anonymous No.21879473]

>>21879255
checked

[Anonymous No.21879518]

>>21879255
Based

[Anonymous No.21879542]

>>21879255
Checked.
>Leave CZ to me

[Anonymous No.21879976]

>>21864140
Exactly why trade desks will swarm to the DEX.

[Anonymous No.21880055]

>>21864140
This has got to be the most retarded fud of all time.

[Anonymous No.21880090]

>>21880055
Wait til tomorrow lmao

[Anonymous No.21880098]

>>21880090
Kek.

[Anonymous No.21880137]

>>21880055
Fucking checked. Nice digits.

[Anonymous No.21880170]

>>21863860
Stakenet is a fucking scam, man. I dunno if you're getting paid $5 a day or you're just desperate for more money, but you should sell now for Safex or something that can 100x.

[Anonymous No.21880181]

>>21879255
>>21880055
nice

[Anonymous No.21880210]

>>21867563
Very much so. I have bags of coins Ive watched oscillate up and down but havnt swung because I dont want to get burned by an exchange hack/inside job whatever. I cant fucking wait to be able to trade in safety.

[Anonymous No.21880213]

>>21880170
>SCAM
>Safex
Pick one.

[Anonymous No.21880222]

are the links OP posted legit? It's not some fucking keylogger from a pajeet is it?

[Anonymous No.21880250]

>>21880222
I don't know about op but if you want to test the dex see

https://medium.com/stakenet/stakenet-dex-open-beta-dd5c78175608

>Text guide
https://medium.com/@hermesesus/stakenet-dex-quick-start-guide-cc1fea8b71ce

>Video guides
https://www.youtube.com/playlist?list=PLiPgD5jh1hS3KeNIt6qkxsp2G8vIgKl8v

[Anonymous No.21880954]

>>21873434
I mean yeah pretty much.

miners are killing its intended use case so the best available use case at this point is digital gold.

I wonder what the long term utility of something like BTC is when compared against cryptographic store of value coins like xhv or xft.

when I have assets on the scale of which I'll need to protect better from print eyes, they will be stored on a private chain like xhv. no way I'm going to broadcast my wealth to a public block chain

[Anonymous No.21881098]

>>21880222
Never use dl link off 4chan. Go to the medium article and verify it from the project, then use the link in the article to download.

[Anonymous No.21881149]

Get the links from the medium article directly

[Anonymous No.21881227]

>>21864140
imagine the arb opportunities my friend.

you think your retail trades are what layer 2 is for?

listen to antonopoulus or bankman-fried talk about the challenges in crypto today. it's all about speed to finality and opportunity cost for to block chain design limitations. all that literally disappears once the trade limit restrictions are lifted on the dex

xsn is the future of algorithmic trading and arbitrage. once the aggregators are accessing liquidity on multiple exchanges on the same coin pairs, all enabled via L2 speed of finality, suddenly... suddenly, anyone with an arbitrage bot on the deed has an instant alpha, because they don't have to wait for as many confirmations to perform their trades.

AND THEN, imagine for a moment if you will, that the next xsn dApp is one that provides aggregated pricing data via L2 transactions on all those coin pairs as a service (you know, like an oracle, but one that isn't subject to the inherent weaknesses of an oracle that only pulls data from a single source, or one that operates directly on chain so can only update once per block for a King's ransom in execution fees).

imagine if you will, what it must be like to own a portion of the NYSE, and all its related revenue streams.

I own 1/250 of the future crypto NYSE, and I feel fucking. comfy.

[Anonymous No.21881482]

>>21880170
>I dunno if you're getting paid $5 a day
Nah, my masternodes are making more than that daily already

[Anonymous No.21881735]

>>21880170
>you should sell now for Safex or something that can 100x.
>implying the first btc-eth interchain trading dex isn't worth $4B

[Anonymous No.21882480]

>>21872192
>you should be getting literally anything with a faster block time, except maybe ethereum, which, while faster, is just as expensive as BTC to transact in.
I've been using LTC for moving funds between exchanges, DASH looks like a promising alternative.

[Anonymous No.21882975]

>>21882480
LTC is pretty quick.
BTC is usually like 30 minutes