/biz/ - Business & Finance

>>26014587
>DID YOU BUY?
yes

>>23286984
>price bleeds
>only a 2x from when it was initially shilled on /biz/
>fudders still obsessed because they're emotionally invested
>insist the fud is actually from whales when grilled enough on why they feel the need to bump a thread regarding a coin they're supposed to hate all day everyday
>MN count almost completely unphased despite a bloodbath
>Coinbase adopting L2
This is the time to buy. Newcomers who missed out on cheap nodes back in July-August have a window of opportunity to accumulate cheap with the hardcore. The smart ones are. Anyone seriously invested in this project is still accumulating.
Anyone seriously trashing this and not getting a suicide stack right now will be kicking themselves.
Some of us told /biz/ to buy this at 500 sats ages ago. Even then, XSN just made a certain someone froth at the mouth and start spamming fud. Plenty of seethe in the 3-5 cent territory, but plenty of gains were had for those who bought.

>>22376276

>>17989343
>Doesn't LN require tx value of at lest circa $150?
You've been very misled by some kind of one true" Bitcoin propaganda. BSV?
One of the key components of Stakenet's earlier beta tests were doing extremely low-volume LN swaps - i.e. swapping 2.xx cents of XSN into 2.xx cents of LTC)

Could you be talking about a minimum on deposits for collateral? In Stakenet's ecosystem, the MNs handle that. Anyone can utilize their collateral for liquidity (sending BTC, swapping into a stablecoin, etc). When they do, MNs earn very small fees.

>>17989403
If Bitcoin scales, it will see tremendously more volume. Miners will make far more than they make now. If anything, demand will be pushed beyond what they provide and Lightning will be immensely helpful for handling the burdens that they can't.
On-chain tx are like IPv4 in a way. Perfect for interests with large sums of money but limited in availability. Lightning functions like subnets in that they greatly expand upon an IPv4 address so that many more nodes can participate in the network.
Ultimately, BTC without Lightning is like the internet without subnetting - stunted to a much lower scale than the modern world can fathom and very underoptimized.
It's perfect for all sorts of purchases that the on-chain network couldn't feasibly handle at a large scale. Good luck buying a beer with your gains if BTC is $100k. Lightning keeps it open as an option.
>>17989458
XSN has Raiden integration, anon. It provides anyone holding Chainlink with an additional layer of extremely fast native interchain interoperability between several coins outside the ETH network.
I think it will, without a doubt, become one of the best platforms to buy and not sell LINK.

I live in PA. As surreal as it is to write, my whole state is now on lockdown and every single institution is as much a gamble as YoBit Dice to invest in. All nonessential stores are closed. Small businesses are closed. Lifeblood industries are closed or closing by the end of the week. Food absent from shelves like most places. Who knows what knee-jerk reactions will come next.

Bitcoin is bullish and I think DAOs are especially bullish for one reason. Stakenet, as an example, is still being actively developed as if nothing happened. No cancellations or delays and a beta test that's still going on as I type. By coordinating remotely and independent of workzones that could potentially become contaminated, the virus only poses a threat in extreme scenarios (i.e. the entire global internet goes down for a very long time or all the developers get destroyed by a comet). BUSINESS AS USUAL so long as the internet remains up.

COVID-19 has pushed the vast majority of traditional workplaces far beyond their organizational limits and capabilities. There are only so many things you can scramble to find "work at home" solutions for. These waves of closures and quarantines are a double-edged sword of cruelty in that they take traditional markets and wealth into the gutter while also creating massive labor shortages. i.e. Businesses can't grow because they can't find skilled talent because they're quarantined indefinitely.

The momentum behind Bitcoin makes me think it will grow, which makes me think the need for Lightning to be usable so it can scale will become exceedingly important along with the need for a fast, trustworthy high-volume non-KYC DEX with unlimited trading pairs.

tl;dr - Stakenet is quite possibly one of the most bullish assets to be in right now.

>>17949162
Yeah old, slow, jacked up orderbook DEXs get hacked but they're like ghetto old 56k servers.
Stakenet's DEX is capable of handling high traffic and high volume by design.
>>17949279
XSN could theoretically communicate with CKB on a deeper level beyond trading pairs via it's 2nd layer.
Raiden interoperability will also make Stakenet wallets particularly useful for immediately swapping into tokens or stablecoins from your position.

>>17932161
>>17931079
600 sat wall broken! 617 :D

>>17931479