/biz/ - Business & Finance

Is this a privacy coin? After watching the recent us regulation stream it’s become clear they will be fucking bullish as fuck

>>14801182
It will allow for private "lightning atomic swaps" between any LN coin.
I got screwed by Bittrex and almost had some funds permanently stuck by other exchanges. After seeing Binance cave, I'm pretty excited to see this coming out. It's the perfect window of time to give the crypto space a truly decentralized solution. This has been a problem since at least 2011.

I'd also like to add that they are paying out up to 10k XSN to those who can spot out bugs and do some testing of their Linux open beta.

Windows and Android builds should be coming out near the end of this week.
https://medium.com/stakenet/xsn-dev-update-stakenjuly-12-2019-bfb81a8929bd

>Instant private one-click lightning atomic swaps between BTC, LTC, and theoretically any LN coin. >Goods priced in BTC can be instantly purchased with LTC, XSN, and Tether.
>Interoperability between LN coins, ETH/ERC20, and EOS tokens
>Re-establishes privacy that LN routers potentially compromise while re-establishing privacy for otherwise-traceable BTC funds
>Truly decentralized DEX - run by MNs, secured by the network - that hosts every blockchain for every coin available for trade so the end-user doesn't need to download them individually
>Pioneered TPoS (trustless proof of stake) - stake 24/7 while your computer is off or even from cold storage
>Working to make TPoS a one-click option
>Trustless MN hosting services payable directly in XSN. Run several MNs while your computer is off and receive a 16% annual ROI in XSN
>DEX Aggregator that intends to pool together numerous other DEXs that suffer from low volume
>CCPoS - stake XSN, receive BTC, LTC, Tether
>Dedicated hardware division.
>Intending to pool MN hardware into a collective supercomputer secured by the network. The DEX is the first dApp.
>No KYC to use the DEX, perform LN swaps, or use any of the other features mentioned above.
https://www.x9developers.com/
The X9 Developers are working to obsolete centralized exchanges. They've routinely delivered on all their ambitious goals to do so.
They're doing it in a way that honors the original cypherpunks that built Bitcoin.
Stakenet is being built for the collective benefit of the entire space.

Funds and keys remain secured and completely in your control whether you wish to hold, trade, spend, or cold stake.

This coin is awesome, the price swings like crazy with little volume because something like 70% of the coins are in masternodes..

If this thing gathers FOMO it could jump up a shit ton in sats

>>14802006
This is a long-term hold for me. I'm not cashing out a thing until the end of 2021 at the very earliest. For those interested in the coin itself, it is a great way to take ownership in a DEX that has tremendous potential to find adoption.
I talk about this on /biz/ a lot to get the word out there about the exchange.
What better window of time than this one. How many CEX hacks have there been since the start of 2019 alone? Adding to that, Bittrex outright banning customers in certain US states. Binance launching a DEX with region blocks and booting Americans. Banks and governments are increasingly realizing that Bitcoin isn't going away.
All the while, I don't know how they could even begin to regulate XSN DEX itself.

Literally the only thing this coin needs to be a top 100 is a good exchange. So honestly when the FUCK is this thing going to get a popular exchange listing?

Is it just me who thinks the wallet is a little childish with all the neons around? Love the project and team, but the wallet design is kinda 'meh'

>>14802219

Beaxy with their next update

>>14802219
XSN did everything that Coinall asked them to do to be listed on OKEx. I can't even trade there because they block Americans too. Ideally, it should work out for them in the long run.
>>14802257
It looks ok to me, but I'm a function over form kinda guy. The wallet could have the UI of a Windows 95-era webpage for all I care if it's fast and all the individual components are robust and responsive.
The worst to me is poorly optimized software with a cutesy and simplistic UI.
Aesthetically-speaking, I'd say certain assets give it a bit of a pseudo-3D look that gives it some middle ground between being too loud and too minimalist.

>>14802257
I think it looks quite appealing

>>14802540
Agree with you on the function part. After looking at it for the 23184th time, i think is not the neonish colors that bothers me, but for some reason the round edges does't look appealing.

BUT I'm just a retarded who don't know shit about UX or design anyway. lol

>>14802701
The ideal is a blend of both. There are those few rare occasions where real talent is working on something and you get a piece of software that's beautifully optimized. Optimization has died out as a practice somewhat as the hardware is so generous that a lot of developers can get away with building overtly resource-heavy programs and no one bats an eye.
I've always admired the old computer demoscene's structure for making software - programmer, musician, graphic artist.
https://www.youtube.com/watch?v=DzQVECn3tY8
The people who can make stuff like this with 64k RAM + 20k ROM have my utmost respect.

>>14802649
>>14802257

t. homos

Will you faggots just go watch HGTV and let the real crypto autists talk?

Can someone comment on the cold staking using Ledger Nano? How did you like it and does it add much of a benefit, if so what?

>>14802950
Cold staking isn't ready yet, unfortunately. The X9 devs are waiting on Ledger to implement the code they sent to them in an update.
Trustless staking from a desktop wallet, however, has been up and running since May 2018. I used to use it before I bought some MNs and it was pretty nice. Once I got it set up, I'd leave my wallet closed for weeks/months and come back to a decent amount of staking rewards.

>>14803154
Interesting, so is it possible to run multiple masternodes on one computer?

>>14802950
So I’m a homo for saying I like the design of a mobile wallet? Maybe I should invest in this coin... yeah I think I am retard, thanks!

>>14803212
Yeah. It's pretty easy too.
I just opened up my wallet for the first time this month to take a screenshot of the masternode hosting tab in the wallet. Looks like they've been running for almost 2 months non-stop without an issue.
I run 4 MNs via MNaaS (MNs as a service) from one wallet (pic related) and I've seen others running more than 10. It's rather painless.

>>14803212
Each MN needs a unique IPv4 so if you have that then yes you can

>>14803212
Sorry do you mean just use one computer for your local wallet to store your collateral for your MNs if so then yes. But as far as the MN itself which would be on a different computer/VPS then yes you need a different IPv4 for each actual MN.

>>14801127
>$50k volume
yeah I think I'll stay away

>>14803455
The low volume is due to the exchanges it's being traded on. Coins on Bittrex and Binance are wash traded like crazy, which reflects a ton of FAKE volume.
XSN used to make between $150k-200k volume per day, before the huge shakedown on alts. Most people in XSN, simply isn't selling, so there is no reason to trade your coins really.
With 70% of the total supply locked in cold staking contracts and masternodes, there is a very limited supply left on the exchanges..

>>14803455
It's true. Stakenet isn't on a big exchange yet and it's still relatively unknown. The markets can be brutal and incredibly volatile and I wouldn't recommend investing in XSN unless you're doing so confidently.
Here's a link to the whitepaper if you might be curious as to why it's DEX has so much promise
https://stakenet.io/Stakenet_Whitepaper.pdf
I like to share the excerpt in pic related to show how the cross-chain interoperability will work for ETH/ERC 20 and EOS. This technique they're employing can theoretically be used for any other dApp platform out there like NEO, Waves, etc.

>>14803356
Just teasing lol

>>14803751
High volume and low supply = Moontastic

Low volume and low supply = Easily manipulate

Ahhhhh sheeeeeeeeit. Sophie's choice

Volume is the least of my worries unironically, I've seen HUGE volume spikes on this project before, and that's generally caused by a huge announcement and people actually realising that the project itself does not only benefit Stakenet investors, but EVERYONE in crypto right now.
That's exactly the thing that "sold" me on this project.
You see SO many altcoins trying to be the "best of the best", while you've got Stakenet that tries to make crypto more user friendly, more secure, and best of all - Staying anonymous which is quite important in times like these with so much regulation BS forced down on everyone.

I miss the good old days back in 2014 where you could trade whatever you wanted, whenever you wanted without anyone needing to know all your personal details. Good old times man

Holy fucking shill, literally the exact same questions and responses in the last 4 threads. Nearly word per word.

>>14804396
I don't intend to sound like a robot if it's my posts that seem repetitive. I've spent a lot of time debating this project with others and the arguments I've made over time have gradually taken a more solid form because people haven't been able to prove them wrong.

time to net some stakes if you know what i mean
( ≖ ͜ʖ≖)

>>14804892
The PS1 version was much better
Not having a 2nd analog stick in a game designed to showcase the power of the DUALSHOCK® was a silly move

>>14804541
It's alright, don't mind you shilling, as long as you keep it informational, and not like: "please buy my bags sir" kind of way.

Didn't pay much attention to these threads the last couple of days desu, but from the looks of it, perhaps I should do some digging around

shit shill kys

https://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/

XSN was the 3rd project to implement lightning transactions on mainnet, despite helping LTC get up to speed with it. The 2 teams made a collaboration with each other. See the link above.

Stakenet invented Cold Staking, (Trustless Proof Of Stake)

First POS/MN coin in the world to implement Segwit, Atomic Swaps, And Lightning.

>WHY should you pay attention to this?

XSN's masternodes will act as the backbone of their entire ecosystem.
They just made their Multi Currency Lightning Wallet available for public beta testing on Linux, and at the end of this week they should be ready with the first test build for android as well.
Even if you DON'T invest, or care about Stakenet, you will still be able to use the wallet to do lightning swaps with the integrated 1-click lightning swaps feature.
As an added bonus there is a TOR-integration as well making all your transactions anonymous.
With all the regulations being forced down on exchanges, this will without a doubt be ground breaking whether you like it or not. USDT will move to lightning soon, this means, you'll be able to tether up anonymously in SECONDS with 100% privacy and without risking your coins on a centralized exchange.

ALL the transaction fees from the wallet is distributed to the masternodes holding the chains (which means you don't need to sync with the wallet at all).

>Stakenet Lightning DEX
This one is a real game changer - it's a lightning DEX, which means near INSTANT trades, NO need to sync with the network - masternodes holds the blockchains.

>NO KYC
>NO Registration

Since it's running on masternodes, once the DEX is LIVE, the devs WONT be able to take the DEX down, even if they wanted to, THAT'S how decentralized it really is. All trading fees is distributed to masternodes

Decentralized exchanges is the future, it's how Bitcoin was meant to be used in the first place. Peer to Peer!

You'll be able to hold multiple coins like any other multi currency wallet available for mobile phones, but the exciting part is lightning transactions and TOR integration.
Lightning transactions which is literally a push of a button feature (masternodes takes care of the backend).
Lightning transactions is MUCH cheaper and brings the price of BTC payments down to a few satoshis. The cool part is when they integrate USDT (Tether) later this year, which is moving to lightning soon.

Imagine yourself sitting in the bus on your way to work, you notice a HUGE BTC spike, and KNOW it will correct soon.
Now you simply open your wallet, convert your BTC to USDT, and back once the price corrects, all for a fraction of the cost of what it normally is. 100% secure with near instant transactions.

This will benefit a LOT of people, and ALL the fees collected whether using lightning, normal transactions, TOR transactions etc. Is distributed to the masternodes running it all.

>>14805200
I don't want a single person to buy XSN if they are uninformed. If you're looking for a PnD coin, look elsewhere.
I'm here to shill the whitepaper and have lengthy discussions about the overall infrastructure of the crypto space and its inseparable link to cypherpunk ideology. Bitcoin is supposed to be liberating technology and it can only stay that way if it's avenues of exchange resist compromising - i.e. KYC or holding coins in trust. Like the internet, blockchain was made to liberate but it could become an absolute nightmare of censorship and traceability if everyone and everything is immediately identifiable.
If it were the late 1780s, I think I'd be shilling the Constitution and the Bill of Rights as my colonial forebears did.

>>14802219
>when the FUCK is this thing going to get a popular exchange listing?
you're surprised that a coin which is openly stating its intention to directly compete with the big exchanges is not being listed by those very same exchanges?

This is the Cypherpunk Manifesto by Eric Hughes.
It predicted every bad thing that's happened to the internet this decade in 1993 - Google, Facebook, Article 13, subversive data collection and telemetry in nearly everything that weaponizes the id and raw desire of their end-users and pits it against them. It was far ahead of it's time and yet it grows more and more relevant into the future.
This is the building block that Satoshi Nakamoto used to build Bitcoin. If you're in crypto and you haven't read this yet, you should.

>>14801127
I am a poorfag and am like $500 away from a master node, any other poorfag want to split one?

>>14805561
This is a shot in the dark here, but do you have access to Linux?
X9 is paying out some decent rewards to bug testers. You might be able to earn a decent amount towards your masternode if you're good at fucking with software and breaking it.

>>14805465
Binance totally screwed Blocknet DX.
>"...Blocknet did apply to be listed on Binance’s Exchange on August 2018, submitting the standard online application. The project followed the usual procedure, which includes answering a series of simple form of questions about the team, nature of the project, target industry, etc."
>"These are standard non-intrusive questions that Binance asks all projects applying to be listed. However, when it came to Blocknet, apparently these standard questions were not enough to evaluate their application; Binance’s head of business development, Ashley Ouyang, had then sent an email to Blocknet with an additional application form that included more questions."
>"Blocknet filled out the form and responded to Ashley the very next day. Then over a month went by with no response from Binance."
>"The radio silence from Binance seemed suspicious to Blocknet, and they began reviewing the questions they had answered in the second application. Only then they realized how much more intrusive the questions were, which made them even more suspicious. Some of the many questions in the second application include information on:"
>Blocknet’s interoperability infrastructure and whether they could find the code in their GitHub.
>Why Blocknet chose to build their DEX
>How Blocknet solves the domain name system problem in the blockchain
>If Binance could receive access to BlockNet’s private repository to view their latest developments
Shady as fuck.
https://cryptopotato.com/binance-and-neo-accused-by-blocknet-for-stealing-info-used-to-build-binance-dex/

>>14805561
It's okay buddy it sounds like you have about 10k XSN which is a solid suicide stack

>>14806083
Fuck Binance, I mean they've got a decent exchange, but this move is REALLY fucking disgusting.

>>14806300
It's called private enterprise you commi

>>14806300
It is typical behavior for a centralized exchange.
In one sense, it's a shame because Binance successfully managed to be the exception to the rule among them all.
In another, it goes to show what happens when exploitable trust remains the final arbiter of business.
Good people may build something great and even manage to keep it that way for years, but eventually someone else takes over. When good people leave something great, they often take the soul of it with them. Pic related.
It could be argued that nearly every centralized institution founded on good intentions will veer towards corruption and backwardness given enough time.

>>14805561
Actually, that's perfect. I've been considering moving my funds around so I can get one ASAP. I only have about 4.7k at the moment, though.

>>14805561
>>14806662
Vet each other well, lads. Only one of you can hold the funds. Even if you have duplicate wallets, one of you could screw the other by changing the keys.
I wonder if there's some way to hold both of your XSN in escrow, host a MN, and have it split the rewards. 1/3 to the anon with 5k. 2/3 to the anon with 10k. It seems feasible.

>>14806662

Doesn't XSN actually have something where you can do a trustless staking pool?

I think I remember that being one of the initiatives in early 2018, but I could've had it wrong

there's a stake in my net

>>14806762
>if so it looks like this coin literally does everything wtf is it doing so undervalued

>>14806772
>>14806762
Honestly, man, if we're able to, I'm so down for it. I'll leave this up. I'm feeling a sizable headache coming on so I'm drinking a little bit. Due to the circumstances, I'm not sure I'd be all that helpful in doing the research much more tonight, but I'll keep this up and try to keep checking it every so often for the next few hours.
if you figure things out, drop the info here. I'll try to stick around as long as possible.

>>14806762
I don't believe anything like that exists at the moment.
https://stakenet.io/TPoS_Factsheet.pdf
The TPoS protocol was built in a way that merchants can expand upon it and offer specialized services as they see fit.
Perhaps the two anons looking to split a MN could make a collective deal with a TPoS merchant willing to host a solo MN and payout a 33/67% split of the MN rewards on some time frame in exchange for 99% (max) staking commissions. It could work.

>>14806896
Both of you are better off staking for the time being, either by yourself, or by using Stakenets pooled staking service. Cloud.stakenet.io

>>14806762
Yeah they do, they've had it running from the start, and as far as i know, there is more than 1 million XSN being pool staked.

>>14807113
So this is your suggestion, essentially:
stake my shit with everyone else until I have enough for a MN, building my way up with the constant reward from the pool?

>>14806896
Headaches, man. I've had chronic migraines for 15 years. Shit sucks. I hope you feel better.

>>14807090
For the time being, I don't see why they can't just stake, the rewards (right now) is almost identical. It's gonna change a lot once more passive income streams is being implemented to make masternodes even more profits besides the block rewards.
Pooled masternodes will come later perhaps, There are services out there offering this already if you really want to though

>>14807125
Pretty much yeah. Stake it, save up the remaining FIAT you need to buy the remaining coins, and then set it up. That's by far the most logical thing to do in your situation.

>>14807158
save up? don't put them in every paycheck or son?

>>14807147
I agree. It's the most simplistic way to earn rewards. The difference in profitability between staking and the overtly complex MN pooling idea couldn't be all too much.

yeah boys i dunno about not having the private keys to my coins
shill me

>>14807326
You can solo stake if you really want to, with 10k coins you will hit a reward every other day

>>14803751
> Most people in XSN, simply isn't selling
low volume is also when no one buys so your statment isn't a good thing

>>14807326
You could stake from your wallet the traditional way if you don't mind the extra hassle of it.
Otherwise, there is a one-click TPoS solution coming and cold staking will be ready whenever Ledger and Trezor finally get around to implementing X9's code.

>>14807516
so then what's the difference between the cloud stake and the solo stake? how of ten does the cloud stake reward iterate?

>>14805417
>nightmare of censorship and traceability
why stakenet should be better than Monero at privacy?

>>14801127
Stop mucking up this board, paid Discord pajeets.

Buy UND.

>>14807702

this is definitely the most ironic post i've seen in this thread

>>14807675
Monero offers automatic privacy. No traceability, no block explorer.
Stakenet offers optional privacy for a wide variety of coins that are otherwise easy to trace including BTC/LTC via TOR relay and exit nodes hosted on its decentralized MN network.
The more efforts towards privacy in blockchain, the better.

>>14807652
On the cloud you pay a small fee like 5% of your total stake amount, in return you don't need your computer running 24/7, Which is nice.

>>14807675
Stakenet and Monero is 2 completely different projects.

Stakenet aims to make trading, sending and receiving anonymous. You'll be able to send and receive any coin you want with 100% privacy using the TOR integration.

I love Monero, it has its place for privacy, no doubt about that, but Stakenet offers waaaay more in terms of use cases though

>>14807652
Forgot to add. It will take 24 hours from sending your coins to the cloud before they mature and start staking.

>>14808005
so live updates?

>>14808038
Every few minutes you will get a small share of the block rewards being hit. Obviously the more coins you got on the cloud, the bigger is your share. So yeah, you'll get staked in real time.

>>14808038
>>14808083
The block explorer is currently undergoing an upgrade to include precise info on what's being staked. This will include an accurate staking rewards calculator, which should be very helpful in determining what the best present solution for any one stack - staking vs cloud vs TPoS vs MNs

>>14808346
holy shit you guys made a tool that aligns the amount you have to the best option for staking too?
you may be annoying shills, but at least you excite me sometimes.

>>14808083
your a helpful guy

so what are your price predictions?

Its at .10 right now, about 1000 sats.
10mil marketcap

to reach top 100 if would need 100mil marketcap

so that would mean $1. I'm thinking that's likely before September as news of the DEX and the anonymous lightning swaps becomes aware.

Jeez this thing could reach $10 at a top 20/$1B marketcap. That's 100x from now.

If it actually became the leading DEX we're talking at least 10billion which would mean $100 per XSN. which is a 1000X

Having a Masternode that's worth $1.5MM would create instant retirement income. That's only a $1,500 investment today...hmmmmmmmmmmm might have to think hard about this one. I'll let you know what i decide

>>14808373
the bait to hook transition was a bit much.
this is just over the top.
tone it down, guys.

>>14808373
ooft. could do with some of that.
1.5m for a mnode is too much though. DASH, king of masternodes, is worth $123/piece, a masternode only requiring 1k coins, so $123,000. 1.5mil is mad, too many people will be tempted to sell and we'll end up with too few masternodes, no?

man it feels good to be getting in this early. i have very good feels about this project.

>>14802219
Beaxy will list it soon

>>14808406
to be fair it does have an impressively low coin supply. especially when compared with shittokens like biz's billion pet links. i don't think it'll 1k/coin, or if it does it'll be a decade from now, and anyone telling you they can predict what cryptos will be doing in ten years, is a hyperpajeet poofter crafting a cunning ruse whereby he obtains vast chunks of your various cryptonutrients.

>>14808406
Hey man nothing wrong with a little price speculationo

>>14808442
but what kind of precedent does this set for the future? pretty soon this place is going to turn in to an advertising space where numberfags just hang out and post numbers all day.
you guys study trends with numbers, i study social trends. this one is obvious.

>>14808497
What do you see in the social trends o wise one?

>>14808368
Thanks. Once the word gets out about this project to the point that it's well-known enough in the industry to stand on its own legs, I plan to retire from shilling for good.
I've been on /biz/ since early 2017 and XSN is the only project I've felt I need to shill unironically.
Once this gets the exposure it needs, I'm going back to shitposting.

>>14805406
Atomic swap.io already does the multi-currency wallet
https://atomicwallet.io/
is a competitor.
CZ of Binance advertizes it

>>14808406
sorry dude guess im too much of a retard and it came across as shilling, but i just like going through the numbers

i do think XSN will be kind of fun to hold if it starts to become a big dill though, there's so many different ways to accrue income with it.

will we have the option to choose if we're operating a DEX, lightning swaps, Tor implementation or any of the like? Or will the masternodes just go to whichever function they're needed at?

>>14808522
I understand, man.
I don't know about other anons, I just hate being advertised to. I come here to talk about this shit, more especially the tech and history of teams i plan to invest in if we're talking cryptos. but i love plenty of other things /biz/ can offer and has offered before. unfortunately, advertising shouldn't be one of them.

>>14808573

>>14803961
So when they say they will support erc20s are they just gonna lock actual erc20s in a smart contract in ethereum then give us some xsn token that represents it? Cause that sounds shitty...

>>14808583
So do I, especially when there's subterfuge involved.
Back around February, some XSN threads started popping up on /biz/ and it made me a little anxious. You know the nature of this place where delusional promises and outright bullshit run wild. X9 is a great dev team and it would be a shame if all their competence got tossed out because a bunch of obnoxious shills started lying through their teeth and shoving their coin down everyone's throats.
How's your headache doing btw?

>>14801127
just bought 100k, sirs

>>14808628
No intermediaries. If you buy LINK or USDC on the DEX, you're getting the real token.

>>14808681
Yeah but man at a certain point you need a rabid community base to start creating lift for your project. If no one's talking about it, no ones buying it and you find yourself in a situation where you have a great product but 0 exposure

>>14808735
There is a way to get the word out in a high-end and respectful way that attracts good conversation and doesn't insult the intelligence of the reader. If there isn't, I wouldn't even try to give this project exposure.
Once something gets big enough, sure. It's momentum alone will attract all sorts of manic shills and there's nothing anyone can do to stop it. They just follow the money.

Atomic swap.io already does the multi-currency wallet
https://atomicwallet.io/
is a competitor.
CZ of Binance advertizes it

Also I am worried about the deutsch shilling group behind this.

Some one posted the sreens of shilling in deutch days ago

>>14808733
Good to hear, will look into it

>>14808823
Cool. Is your main hold an ERC20?
I find it interesting to see the different ways that everyone's stacks come into play with this ecosystem.

>>14808978
I think that if they want to be successful they must support ethereum/erc20 tokens. They need native tokens too, no placeholder tokens. I just don’t understand how they are gonna have ETH to BTC transactions on their dex and they have still yet to explain how it will happen. BTC, LTC, DASH seem like easy integrations because they share similar code. But ethereum is a whole other beast.

HELLO, PLEASE
Why is this project different from this wallet?
It has no coin so I am not shilling
It has binance in the hrml page

https://atomicwallet.io/

>>14809120
It's still a relatively new development on their end. They just announced this a few weeks ago.
It seems that they've found a way to design unique tokens for any individual dApp platform that utilize smart contracts on their respective chains to talk with Stakenet's MN layer.
One thing I'm still curious about is whether or not things like lightning swaps would be portable or if they will port some of those features to each different 2nd layer like ETH's Raiden.
>>14809180
Hi there. I read up Atomic a little earlier, but I got sidetracked and forgot to respond. There are plenty of multicurrency wallets and it's nice that there is one with atomic swaps. The more competition in that regard, the better.
XSN created lightning atomic swaps. They're instantaneous and allow anyone to buy anything priced in BTC with a wide variety of LN coins. They've been working to integrate this technology into a one-click feature that also allows anyone to swap privately.
Does this answer your concerns ok?

>>14809180
>https://atomicwallet.io/
huge difference betwen Atomicwallet and Stakenet future DEX.Atomic wallet first of all requires KYC.Then it mostly uses shapeshift and changelly exchanges for liquidity.It uses Atomic swaps also but the system is completely unstable and Trustpilot is full of complains of funds just vanished.On the other hand stake net is using Lighting network and Stakenet master nodes with one click swaps and no KYC.That what I call a DEX

>>14809180
>Atomic wallet vs Lightning wallet

Atomic swaps are executed on chain, so you still need to wait for confirmations on both chains.

Lightning swaps are basically atomic swaps executed on the LN, what makes it instant and near 0 fees.

>>14809180
A couple of things, lets focus on speed, scalability and cost:

Atomic Swap -
> Limited by respective blockchain confirmation times
> Limited by respective blockchain blocksize
> Fees charged by the respective blockchains

Lightning Swap -
> Instant - not limited by blockchain
> Theoretically infinitely scalable
> Little to no fee involved

So that covers Lightning Swap vs Atomic Swap then you have additional things like 1 click TOR Privacy for all assets, being able to use the utility of the assets you are holding like Cold Staking, being able to use any asset supported by the wallet as payment anywhere BTC is accepted and more

>>14808789
CZ mentioned Atomicwallet because he wants his stupid centralized DEX to be integrated,hoping for some more liquidity after he realized the disaster.Atomic wallet gets the liquidity from other exchanges...as for the atomic swaps module,those are still counting on the respective chain confirmation so no speed gain there.On the other hand Stakenet is developing the first real DEX with instant LN swaps where the network is secured by the MN them selves and where KYC is not required.Basically you cannot shutdown the network.NEVER !!! ....and thats the first real DEX my dear biz friends

What were your impressions of Mnuchin's crypto Q&A?
The main focus seemed to be Facebook.
Save for the typical "illegal activity" that couldn't be more ironic than hot off the heels of HSBC and JP Morgan getting caught laundering billions, he was pretty neutral on BTC.
KYC/AML is their strongest weapon.
Otherwise, Bitcoin would have been outlawed the same day it was launched and Satoshi would probably still be in prison right now.
As an American, I'm convinced we need the 2nd coming of Andrew Jackson as soon as possible. All the Presidents that have tried to fight the FED since then have all been assassinated. Andrew Jackson got shot a bunch of times and managed to destroy central banking's grip on the US for a good 70 years, which is unequivocally based. God bless him.

>>14809685
Deep state hiding money
CIA are loaded up on btc from darknet raids
Iran big on btc
Use your fucking melon, this administration don't like shit that mudslime terrorists and bad guys are using to fund wars, drugs and child trafficking, gonna take a LOT for them to be pro crypto "currency"
If you want the US government to give your coin legitimacy , its 2024 at the earliest

>>14809528
The real problem is that there is no detailed definition to the word DEX. All people just think that if you connect your wallet to en exchange it's automatically a DEX but it's not only that.

And why people were taling on discord ''We gotta let the Stakenet tread go up guys, shill more than you can''
Why this scammish behaviuor?

>>14809742
Do you remember what they found when they captured Sadam Hussein? Wads of USD in $100 bills.
It seems that they're less concerned about fraud and terrorism than they are about the currency funding it.
I also can't help but point out the irony behind the Fed's lengthy decade-long anti-counterfeit security measures for relatively small portion of USD that actually exists in hard cash vs. their ability to create billions with a few keystrokes.

>>14809788
Where does it say your what you are quoting?

screenshot pls

>>14809788
Stakenet launched in a bear market. The dev team invested it's funds in R&D. They have no marketing team, so the community that sprung up around it decided to help them get the word out on social media.
Someone took an out-of-context screenshot that made it look like the discord was being used to orchestrate some PnD coin, which couldn't be further from the truth.
It'd be nice if some more /biz/ anons visited the discord, especially if anyone can help the devs bug-test the Linux build of the wallet. They're paying out up to 10k XSN for debugging efforts, if anyone is looking for a way to up their stack.
There's a dedicated channel in the chatroom for it. >>14801374

>>14809788
Every community has its 'moon boys' that want to make it fast, but that's only few people from their community, I can't see any real fud about this project besides that. Think about it...

>>148041
You kinda right, but not on xsn lol...

>>14801127
imagine buying this instead of SNTVT which also launched in a bear market.

>>14809853
He's talking about this screenshot here. The dev update on Friday got some of the community excited so someone made a thread on /biz/ about it and then linked it to the discord.
It got the DEX some great exposure and a lot of people were asking questions and a few people stepped in to help answer them and keep the threads from sliding.
It definitely upset a few anons. For a tiny community that's been isolated for so long, getting some exposure is a nice thing.
I'll finish this post off by saying - do not buy XSN if you haven't researched the project, don't buy it if you're looking for a pump and dump, and especially don't buy it if you're not confident in it... but do keep an eye out for the exchange.
The exchange is truly a benefit to everyone in the space.

>>14810037
how is that scammish behaviour?

>>14810192
Starting the screenshot at "Hoping we can eat the wall at 1175" definitely makes it seem like there was a PnD going on.
XSN's ATH is >10k sat and it hovered between 2k-3k sat for months until it crashed beneath sub-1k in the middle of May.
Seeing it hit 1k again was honestly kinda nice after it plunged damn-near 50% out of nowhere in one day.
I've seen Marc around. He is an old-timer with a bunch of MNs. It sucks he's being made to look like a scammer because he usually just hangs out to answer questions when the devs are busy.

>>14810258

>>14810308
shit, wrong thread
>>14810286

>>14810002
How the fuck can you compare that stupid scam ERC20 preminted Sentivate with the first really functional implementation of Lighting Swap ,that had no ICO,no premine, Stakenet?

>>14803374
Your IP can't change when running a masternode as well right?

I have a dynamic IP and my computer shuts down every now and then as well...

What are my options?

>>14810645
With MNaaS, each MN runs on an individual VPS that's assigned it's own IP address.
As far as I know, your IP shouldn't matter so long as your masternode.conf file is pointing in the right directions.

>>14810645
You need a static IP and the MN can't be turned off. Personally i use their cloud service where they run maintain and update the MN for you while you keep the funds in your own wallet.

Cloud.stakenet.io

Fuck this thread, fuck XSN and fuck OP. Stop posting these fucking shill threads every day.

>>14810778
No one forced you to visit my thread and no one is forcing you to stay. This is but one thread, anon. Every other one has nothing to do with XSN. I'm sure you'll be happier there than here if it bothers you that much.
And no. You can't tell me what to do
nerd

>>14810809
Saw a screenshot of you discord trannies speaking German. KYS, Turkroaches!

>>14810645
You need 2 computers for an Masternode. One to store you Masternode collateral in the XSN Core wallet and another to actually run the Masternode.

The one running the Masternode needs to be online 24/7 and have a static IP. The one holding your collateral can be turned off or have a dynamic IP etc doesn't really matter as it's just holding your XSN.

Most people rent a VPS to run the Masternode on or use MNaaS to host the MN for them then they just need the collateral wallet on their computer which as I said doesn't need to be online so you can turn it off once set up

>this thread is still up
AAAAAAAAAAAAAAAAAAAAAAAAAAA GET THE FUCK OUT OF HERE

>>14810812
Nice job on making the shit talking a little more sophisticated. A deliberately framed screenshot is a nice step up from yelling POSW SCAM 30 times in a row. At this rate, you might even be able to evolve a little more hopefully find some sense of happiness and dignity one day.
>>14810826
I remember reading into how to set up a MN when I accumulated enough to get one last September. I copped out and said "fuck it, I'll wait for MNaaS" and stuck with TPoS for a few months because I'm lazy.

>>14809853
>Where does it say your what you are quoting?
search in the archieves
It was a shill group.. maybe they wanted just to let 4chan know about stakenet

>>14810895
>>14810809
Halt deine Fresse, MICHAEL und stopf weiter Soja in dein Maul. XSN ist von Kanacken, für Kanacken und hör auf hier täglich rumzuspammen.

>>14810192

There was ALSO another screenshot, that he's hiding... was the white screenshot with people talking in deutch

>>14810989
It's right here ITT >>14810037 >>14810258
The screenshot was deliberately taken out of context. XSN has promise and it's very difficult to FUD, save for ad hominem attacks and PnD accusations.
I see it as a great thing. There are some rather talented and manipulative sociopaths who frequent /biz/ and a screenshot is the best thing they can come up with.

>>14811061
>>14811072

XSN has multiple language channels why is that weird?

>>14810812
>>14810778

Do you lowlife niggers have any REAL fud on Stakenet or it's just 'posw' and screenshots of discord convos?

I dare you to give me actual fud on XSN(with proofs), because rn I don't see any.

>>14811090
>2 guys who aren't even remotely a part of the team said something about /biz/ in German and now I'm losing sleep because I'm the sole defender of purity and integrity on /biz/ and I'll literally die if I can't save anons from themselves by posting snippets of misinformation
The absolute state of Stakenet fudders
What's next? I'll save you some trouble because you're clearly putting a lot of effort into finding dirt on the project.
Here's the biggest redpill
Stakenet has been around since early 2018, but I don't see any nets anywhere. I don't think they've made a single one, and to me that's some very questionable behavior. Pic related

>>14811186
My mistake, meant for >>14811061

>Personally i use their cloud service where they run maintain and update the MN for you while you keep the funds in your own wallet.


Wouldn't be problems if I leave coins on their clouds service? Is it some kind of wallet shit staking? FUNDS ARE THEY SAFU THERE?

>>14811224
With trustless masternode hosting, your coins never leave your encrypted wallet. You can leave your wallet closed for months while the MNs run 24/7 as I illustrated here >>14803374
You have full control of your funds at all times. Only you can boot or shut down your MN. Every time you do, you have to enter your password.

In your subreddit I have found this:

https://www.reddit.com/r/StakeNet/comments/cdoqxe/im_wondering_about_the_inflationary_nature_of_xsn/


I'm wondering about the inflationary nature of XSN
Starting September 6th MNs will be reward 20 XSN/block created (correct me if I'm wrong). I'm wondering how many blocks are currently created on average/time period and if the number of blocks created is likely to increase with new Stakenet developments such as DEX. Or if there's a number available for blocks created/MN/time period.
I fear that there will be too large a number of blocks created and therefore too much XSN in circulation which will strongly dilute the value of XSN on a per coin basis.
Also, if there are more MNs and more TPoS, I imagine this would make it easier for blocks to be created. This means that the inflation rate of XSN will be just as much a year from now as it currently is since block rewards are evenly distributed among stakeholders.
Does the inflationary nature imply that Stakenet would prefer having a certain number of MNs? There will continuously be more and more MNs created and I'm wondering if Stakenet has a target number of MNs to help run the network.

Could you answer to the fact that StakeNet is inflationary?

>>14811224
You just need to deposit on the cloud minimum 150 xsn, that's how they charge for the service, right now it's 0.15$ worth of xsn every day (4.5$ a month). But don't keep high amounts there cause it's a centralised service.
The MN's collateral stays in your personal wallet, so if something happens to it it's on you pal.

>>14811436
Of course it is pretty much every PoS and PoW coin is inflationary, where do you think block rewards come from. The current BTC block reward is 12.5 BTC.

>>14811498
but stake net more because it must pay all the masternodes
Will there be always minted new cones?

>>14811567
Yes unless there is a halving or something. Its the same for 99% of all cryptocurrencies.

>>14811436
You are correct. Stakenet, like most PoS coins, is inflationary. With this design, the network has the potential to expand as more MNs can be secured to run it.
This will help prevent it from hitting capacity and traffic bottlenecks into the future.
It will also be very useful in helping Bitcoin to scale as it's deflationary nature will continue to make it shoot up in price. The masternodes will act as a Lightning Network payment processor with watchtowers and relays. Additionally, the MN networks' collateral will also provide a bunch of additional liquidity to Lightning, greatly expanding the volume it is capable of seeing in some fixed interval of time.
The DEX will have zero effect on block rewards, which will infinitely remain at 20 XSN/block. Pic related.
If you're concern is that the inflation will outpace the network, it is a good one. I'm curious to see the effect over time. On the other hand, at least 2/3s of the entire circulating supply are already locked in staking or MNs. That's impressive for a project that is honestly pretty obscure and still out on Pluto in terms of public familiarity or recognition.

>>14811624
but what is the total supply?

>>14811626
>You are correct. Stakenet, like most PoS coins, is inflationary.

that's why ''no moon'' ?

>>14811720

Total supply can be found in the explorer:

https://xsnexplorer.io/

> pic related

>>14811732
By that definition every PoW and PoW coin would be unable to "moon"

>>14811720
90 mil, with somewhere between 5-8 mil that have been locked up in Cryptopia since it got hacked

>>14811732
When Stakenet was preparing for launch, Bitcoin had just entered the early stages of a long bear market, alts were nearing the end of one last megapump, and Bitconnect was trading at $450/coin.

Market cap prediction?
Normies will use binance probably

>>14811626
So masterode reward is twenty, yet my three nodes only average about 27 xsn/day. What up with that? Also being charged about 3 or 4 XSN per day for letting stakenet run my scammasters. It all sounds quite nice when shilled here but the reality has been quite disappointing so far.

>>14811847

Roughly 8700 xsn a year (24*360) so half a masternode a year. What are you complaining about?

>>14811847
Masternode reward is 9 not 20. Blocks are 20 and they are split.
> 9 goes to a random masternode
> 9 goes to a random staker
> 2 goes to the treasury

Currently with the amount of masternodes on the network (2137) you should on average make 6.9 XSN a day per MN so with 3 that would be 20.7 XSN so you are getting above average really if you are getting 27 XSN for 3 MNs daily.

Thats just block rewards though, soon you will get extra income from trading fees earned from the DEX and other dApps and services

>>14811832
I won't even try to predict that. No matter what I say, I'd likely be wrong.
There have been many "final boss" exchanges over the years. Most of them either fucked up somehow and became back burner exchanges or exit scammed. Binance grew to prominence because it went out of the way to build a superior exchange at the right place and the right time.
Stakenet is building an exchange that will arguably superior to Binance in almost every way. When people see that, they may be inclined to check it out. It's not like its going anywhere. In 2025, who knows what CEXs will still be around? A lot of the ones from 2013 are long gone. Meanwhile, Stakenet DEX will be nearly impossible to shut down.
I also think normies would probably find pressing a button to swap coins is a lot more fun and easy than sending the coins from one wallet to a wallet on an exchange, waiting for them to show up, and trying to get a good spot in the orderbooks.

>>14811944
You right CEX are going to be dead soon. They are no longer global and have to adhere to different jurisdictions in each country they operate in. Look at Binance opening up local exchanges everywhere, it’s a mess.

https://cointelegraph.com/news/binance-wants-to-open-a-new-local-exchange-in-south-korea-report

Stakenet are providing a true global solution, accessible by anyone with no restrictions and unable to be shit down by any authority. If you think that isn’t the future then you are deluded

>>14811847
Your MNs currently make you around $80/month. MNaaS for 3 MNs cost a fixed rate of $13.50/month. If the coin rises in value to say, 25 cents in the future, you'll go from paying 4 XSN/day to paying a little under 2. All the while, your masternode rewards will be paying out considerably more. You'd go from $80/month to $200/month, still paying $13.50 for the service.
This isn't even factoring in DEX rewards.

>>14812051
Don't forget that MNs running the Dex will need better VPS so the cost will also rise.

>>14811931
>Roughly 8700 xsn a year (24*360) so half a masternode a year. What are you complaining about?

staking is - 55% than masternodes reward?

>>14811944
>Stakenet is building an exchange that will arguably superior to Binance in almost every way

there will never be the same liquidity as binance

>>14812327
Binance DEX liquidity is shit and the scammer CZ know it.Thats why he is so desperate bringing all those shitcoins on his chain.It is not even a DEX as the nodes are operated by his friends.Any government can easily shutdown that piece of crap.When Stakenet DEX will be up,it will be unstoppable....the first real DEX

>>14812051
Does the masternode income increase when the multi currency wallet is released? I'm a bit confused

>>14812242
Fair point. Is there any ballpark on what the specs will be? I'd guess HDDs would have to be rather large to host the chains in addition to extra CPU power and RAM
>>14812327
Let's replicate this conversation as if it were 2017 for a second.
>Binance is building an exchange that will arguably superior to Bittrex in almost every way
"there will never be the same liquidity as bittrex"
Status quo is powerful enough to give off an illusion of permanence.

>>14812426
Additional MN income will come from fees accrued by various jobs (DEX, LN processor, Aggregator, TOR swaps, etc), which will be swapped to XSN, bought out of the supply, and paid to the MN holders. The more volume the exchange sees, the more profitable the MNs become.
Block rewards are consistent. If the price rises, those same block rewards (9 XSN/day atm) are then worth more.

>>14812426
I apologies for the long read but it is a lot to take on...Stakenet it is a complex product

You can stake XSN by leaving your wallet unlocked and running 24/7 with a positive balance, or you can stake with Trustless Proof of Stake. TPoS is a technology developed by Stakenet that allows users to trustlessly stake XSN by having a Merchantnode (a server which acts as a Staking node) do the staking for them while not having to share any spendable balance or private keys with it. This is done with a smart contract.
With TPoS, you can safely keep your coins anywhere, like in a hardware wallet, and they will be staking and growing over time, even while you sleep. Not having the coins exposed in the staking server is a huge step forward in terms of privacy and security.
You can run your own Merchantnode to trustlessly stake your own coins, or you can also hire a Merchantnode from a third party to stake your coins for a small fee with no risks associated, as your funds always remain with you. Merchantnodes are provided by independent people called "Merchants" - a whole new market emerged from this technology. You can find them in our social channels, like in our Discord. Keep in mind that a server online 24/7 (Merchantnode) is always needed in order to run TPoS.
Having trustless and decentralized staking nodes with unique IPv4 addresses makes XSN one of the most secure PoS blockchain. Other cold staking solutions can't achieve this level of security, as they don't have as many nodes verifying the blockchain. Trustless Proof of Stake, in combination with Lightning Swaps, will allow users to stake XSN held in a hardware wallet and earn Bitcoin (or any other LN compatible coin) directly to this hardware wallet as rewards.

>>14812562
Seems interesting with the merchant nodes. What kind of fee is normal - 10%?
I'd feel better doing staking through a merchant than to hold my coins on a centralized service

>>14812928
Depends on the amount of XSN you want to stake. If you want to TPoS like 100k XSN then a merchant might to it for 3-5%. If you want to TPoS 10k then they will charge a higher % as they need to cover their costs for the node.

>>14812439
>"there will never be the same liquidity as bittrex"
BUT WILL STAKENET be normie-friendly?
IDEX is NOT

>>14812492
>52 shill posts by this ID
You 'jeets really don't think things through, huh

>>14813012
Thanks, makes sense.
I've got 11k XSN, and really considering buying the last 4k. I'll find a merchant for now, and try to get a feel of how all this works.

>>14813128
Stakenet will get their DEX liquidity by combining multiple DEX order books togehter, from what I've read

>>14813189
This guy is legit just answering people's questions, what's wrong with that? Kudos to the guy for actually taking the time to respond to those who's got questions.
If he was plainly just posting nonsense with no content in it just to bump the thread I could see what you mean.
I've been ignoring these threads for days because I hate shilling too, but this is one of the only threads I've seen about Stakenet that has some serious discussion and content in it worth reading

>>14813128
Considering the fact that masternodes will hold the chains of the coins being traded, you don't need to sync with the network to trade, honestly with lightning transactions you won't be able to tell the difference between a centralized exchange and the Stakenet DEX in terms of user friendliness I guess.

The volume and liquidity will be solved with the DEX Aggregator, which is a smart way to combine multiple DEX order books to make sure the user gets the best deal on his trade

>>14812492
So XSN does buy backs of their own coin to pay the masternodes? That's crazy smart. Will keep the price up no matter what as long as there are users for DEX.
I'll consider buying some, since it seems like a solid project.

>>14813128
One of the big missions for XSN is to make things normie friendly. Hence the one click swap solution, have you seen how much code they have to boil down to a single button press for that?

https://link.medium.com/Na0SXpQ9mY

So you click a button and all of that happens, instantly too. They have already done it with their 1 click TOR activation too which if you look at other Multicurrency wallets it has never been so straight forward and always required workarounds.

>>14814209
Some basic coding knowledge required to run but not nearly as complex as other deployments ive seen

>>14814445
Well considering no one has done it before, I'd say its pretty fucking impressive for a coin to do it first ranked at like 350 on Coinmarketcap, tells me it's incredibly undervalued. I'll do more research and perhaps diversify my ass into this project, seems solid

>>14814209
When is this available to test and try on Windows? I was so excited until I realised it's only available for Linux testing right now.

>>14814984
Not sure about the desktop version, but the first test build should be available for Android at the end of the week. Good stuff

>>14815124
Say goodbye everyone, Pink wojaks gonna send this thread to the scrap heap

Was good while it lasted.