/biz/ - Business & Finance

>>28013014
I've been holding ALL IN for 2 years. it will be top 5.

>>27865555
Checked

Holy fuck this thread is just FUD. All you fuckers are the biggest lying cunts i've ever seen. You fudders are still mad you didn't buy at 700sats when you had the chance.

Decentralized Finance or "DEFI" has become a hot trend, but it's not a new concept. In fact, Satoshi created Bitcoin for the explicit purpose creating a DEFI environment where people could be their own "bank."
Anyone in crypto during the 2017 bull run knows Bitcoin was not able to accomplish this goal.

According to https://bitinfocharts.com/comparison/bitcoin-transactionfees.html, at the peak on December 22, 2017, the average Bitcoin transaction fee was $55.16 USD. If you bought $100 worth of Bitcoin on Binance for example, it would cost you $55.16 to transfer it to your wallet. Over 50% of your value was gone to fees. In addition, due to network congestion, miners were unable to keep up and transfer speeds were extremely slow.

To fix this problem, Bitcoin invented Lightning Network ("LN") and Ethereum invented Raiden Network ("Raiden") as Layer 2 solutions to solve the above problem. These solutions work well and accomplish their intended purpose, but adoption is still low. There are no practical applications to bring these innovations to the mass market.
XSN’s purpose is to leverage LN and Raiden to create DEFI suite of applications to ultimately accomplish Satoshi’s original goal. The first major implementation, was Trustless Proof of Stake, which allows users to stake and earn while remaining offline similar to the way their cash or investments earn without constant involvement.

>>21056737
>>21058213
stay poor, ngmi.
Questioning XSN who tf you think you are.

>>20770559
SCAM!!!!!!!!!!

>>20680633
checked for justice

>>20680339
pic related is every xsn thread

>>20678155
>>20678266
>>20678833
Dont mind me, just checkin digits