/biz/ - Business & Finance

>>22315314
I'm trying to scrape together enough for MN #2

>>22315314
When Raiden?

>>22315314
Got my 3 MN

Daily reminder 1MN is a sui stack
10MN fuck you money

>>22315314
so basically they're going to have a uniswap mode if you don't want to deal with opening/renting channels? and it'll be cheaper and faster? AND I can swap between ETH tokens and BTC tokens?

oh shit. oh shit.

>>22316347
and 3 MN is make it money, so you're already there anon. gonna be exciting times ahead. we're putting ourselves ahead so we don't have to deal with the dystopian crap they're gonna put on us post covid

Nobody uses it.

>>22316413
it's still in beta just public beta now. people will use it at full release. no one used uniswap either until it beat coinbase in daily trading

>>22316347
When? I'm getting tired of holding moonshots for years and still working two days a week because I still can't live off passive income generated by this shit. I just need chainlink to be it's current price or xsn to hit 1.22usd and I've made it. If anything it's more frustrating now because it is no longer about the price, instead I'm already there and just waiting to be allowed to retire. At least before there was the excitement of hoping the price goes up. Now I'm stuck in six figure hell and the only thing that can save me is something so incredibly small and trivial in how easy it is to implement.
Why? When? Why? When? Why? When? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22316347
>>22316398
wait 3 MNs is make it stack? you fuckers told me it was 10. Shit that means I'm almost there with my 39k XSN

>>22316487
How did uniswap go from zero users with no volume to nobody using it with equal volume as cb and then one day not a single person in the world using it but slightly more use than cb and suddenly having more users than cb? Do you think this will happen with xsn too? No users and nobody using but somehow lots of volume? I'm OK with that once hydra happens because I don't care about users, just the dex fees and volume that result in payouts to me.

Friendly reminder to hide all XSN and stakenet threads.

Do not respond to XSN and stakenet threads.

Paid shills and discord trannies are desperate for you to buy their bags.

This coin is vaporware and no one with an IQ over 100 is buying this PnD scam.

>>22316679
Lets say you make it with 3mn. Won't you feel like a jackass after making it since it's so easy to get 10mns but you instead stopped at three? Ignore the 3mn fud. He just wants more for himself.

>>22316721
uniswap has high volume in dex land because there is nothing stopping you listing a token / making a pool. absolutely anyone can make an erc20 contract and deploy it in uniswap given that they have some eth. the reason other dex's don't have this super high volume is because of that.

Raiden when?

>>22317135
Ten minutes after you sell your bags.

>>22316679
Seriously, 1 MN is enough to "make it" if making it means being able to live without working.

----Low case estimate----
XSN price: 10 dollar
Dex volume: 50 million (Uniswap is over 1 billion)
1 MN generates XSN: 4~5/day
At 3000 total masternodes
Dex fee at 0.2% (might get lowered)

Then 1 MN will make you about: $1500 + $1000 = $2500 / month.

Even at half of that you'd probably be able to be a neet without having to act like a cuck towards your government. Not to mention your 1 MN would be worth $150,000.

Mind you, at chainlinks marketcap the price of one XSN will be more than four times higher.

>>22317258
Correction, the uniswap trade volume differs, I think max has been over one billion.

>>22316398
>3 MN is make it money
I am in iexec. Should I sell some for XSN?
I already have 1 MN. Selling iexec I can afford 5 MNs
Could you explain why?
Honest opinion please

>>22317258
this is all well and good but would require some forethought for neets. that's basic income and if the price tanked significantly or trading volume dropped then you'd have no money and would need to work. i'm all for 'making it' but not with living on passive income from crypto, it's just too risky especially when you're on the edge of basic standard of living.

10 master nodes, then move to cheap ass asian country for a couple of years so you're able to pocket the excess in tether/paxg/btc then you might be able to come back to the west. or, the dex blows up and xsn is $50 and gets 1B/day and we all live like kings.

i think everyone has agreed that 1 is suicide, it's just too speculative. you've probably got enough time to get 2-3 at least before the next pump... i think.

>>22315314
Too bad newfags will miss on this, if you've been around in 2018 where the link fud was high you'd know this is a gem just from the way it's fudded.
There have been lots of shitcoins shilled here, they pumped then the threads stopped after they dumped, people forgot about them, xsn on the other hand still has threads discussing it everyday, and still has threads fudding it, now ask yourself who would make a thread just to fud a coin.
Also check the catalog and find what projects have threads just fudding them in the OP.

my masternode is enabled but i havent made any money in 3 days wtf is going on

>>22316672
>When? I'm getting tired of holding moonshots for years and still working two days a week because I still can't live off passive income generated by this shit. I just need chainlink to be it's current price or xsn to hit 1.22usd and I've made it. If anything it's more frustrating now because it is no longer about the price, instead I'm already there and just waiting to be allowed to retire.
this
same feeling anon

>>22317505
i think it's 5 days with the current masternode numbers. might be longer now though, i haven't checked how many's online in a long time

>>22317258
This

>>22317330
1 MN is suicide but you can live off it just like with 1000 Linkies you can live off it
3 is make it territory
and 10 is fuck you money
this is common sense, come on just sense it.

The only pain in the ass is that you have to wait for this to reach 10 € which is very doable considering the low supply and tokenomic

>>22317330
I mean, sure, but we can argue specific circumstances back and forth forever I guess. If someone's literally planning on being a neet forever then sure, getting three masternodes will make your passive income better than with just one. But the bottom-line should be for you to make a good investment, whether it be $1k, $10k or $100k. If the price goes up 200% in one year, you'd still have made a (normally speaking) very good investment. What it boils down to is that you have to have the balls to hold when holding is good, and the balls to take profits when you feel like you've gained enough to change your situation.

Someone who is a poorfag neet today, will probably not have enough money to get 10 masternodes, in that case getting 1~3 should be a good enough gamble to possibly make life a bit more bearable in a few years (considering a rather bad-case scenario). If a golden bull-run comes and the price goes to $100, you'd be worth $1 million with 1 masternode, if that's not "make it" territory as an initially poorfag neet then I'm not sure what to say, assuming you actually sell and don't hold (depending on how the fundamentals have changed, obviously).

If the price goes down from $10 to $2 again you wouldn't have enough to live from only that. Everything in crypto and stocks is inevitably "speculation", it's all about making sure your (own) guess is well educated and based on as many observations and facts as possible. What constitutes "Intrinsic value" can take completely different forms depending on whether you ask Warren Buffet with his MUH farmlands, or whether you ask someone who believes in the vision of a decentralized financial market based on crypto.

Just felt like ranting, not necessarily aimed towards your post. Either way, 1~3 masternodes should be a good investment considering the fundamentals of the project, no matter if it means you can enter permanent neetdom or not.

>>22317600
meh, i've been on this board for years and still never understood how 'making it' is less than 10M. i've got 7 figures 'safe' already. if link hits $100 and xsn goes to $5, i'd sell probably 75% of all my holdings and buy an island in asia and put a fuck ton of gold in a safe in the ground and then live off the staking rewards from eth/link/xsn. not that i'd need the rewards desu. just to be safe. or maybe a farmhouse somewhere.... nah, i think the island for a few years. that'd be awesome.

making it for me, is i guess 'fuck you' for you. when i 'make it' i don't want to be thinking of the price of anything other than how much my freedom costs. i couldn't do the basic income neet thing. nup, no chance. like i said, i won't even quit my full time 6 figure salary job till I have 10M.... maybe 9 lol

>>22317731
>What it boils down to is that you have to have the balls to hold when holding is good, and the balls to take profits when you feel like you've gained enough to change your situation

this is a very very good point. so many people overlook this. i bet 90% of this board didn't sell link at $19. i managed to sell 60% of my stack at $18 and put some in tether on aave. still looking for a rebuy so i can have my stack back.

there's nothing wrong with taking profits, and the majority of the neets on here don't do it. they just hodl forever and then never realise the gains. it's a shame.

>>22317809
To me "making it" means having enough money to basically say fuck off to a shitty job, and then spend the rest of your life as a neet. But I guess I can agree that should be the suicide stack goal, if we argue /biz/ semantics.

>>22317809
absolutely based

>>22317809
"fuck you money" is the point where you can live off your investments comfortably. it's broadly recognized as somewhere between $50k and $100k in gross earnings off "safe" investments @ a 4% drawdown.

to gross $50k in interest @ 4% growth, you need $1.25MM in assets. assume some float in your growth rate, add in taxes, your "make it" number to earn worry-free middle class income purely off passive investments is somewhere around $2MM-$2.5MM.

$2.5MM is broadly recognized as "the standard" for a position of life-long fuck you. $2.5MM @ 4% draw down grosses you $100k annual income, which is enough to be "wealthy" in all but the most expensive of cities. Wanting more than that is ok, but remember "fuck you" isn't supposed to be island money - it's supposed to be "never have to work again" money.

>>22317505
You need 5-6 days of runtime to mature. Then you get 9 every day or two, depending on how many other faggots got a node running. If your node goes off for 5min+, you're fucked for another 5-6 days

>>22318158
yeah at 10M i can buy myself an island and build a nice house, and never have to worry about paying it. then i'd still have 2-4M to live off. there's decent islands for around a mil, 2 mil in Philippines gets you a serious one. right next to all the good diving areas.

so close too. i think i'll get there within the next 5 years.

I honestly don't think this can hit $10

>>22318478
why is that? have you done some napkin math to justify your opinion, or are you just fudding?

>>22318907
Everything I buy crabs or dumps

>>22316487
Nobody wants to download any software in order to trade. This isnt like uniswap at all. You shills have never even bothered to try and trade on the DEX or else you would know how incovenient and non user friendly the whole experience is. Raiden does not solve this sorry

>>22317809
>if link hits $100 and xsn goes to $5, i'd sell probably 75% of all my holdings and buy an island in asia and put a fuck ton of gold in a safe in the ground and then live off the staking rewards from eth/link/xsn

What kind of Giga Chad are you boy?

>>22318356
I want an island too

>>22319223
bear in mind you're still early, as the product isn't released yet. although i do agree with you, but there's maxi's who'll say it isn't a true dex is there's a single point of failure (i.e a website)

but i think you could just have multiple proxy pages or something running for a webpage, right? i dunno much about that kind of stuff. the mobile app will help a lot too.

other thing is the lightning/raiden payment channel. which has received a lot of gripe so much that they added in the swap function. i haven't played around with the dex too much, cause i'm not intro that kind of trading, but once they figure out a way for payment channels to be held and paid for in escrow by the nodes (which is the plan i assume) it means users won't be limited to their balance, and could trade however much they wanted. most of the stuff goes over my head desu, i'm just here to make money. i remember when they talked about raiden and how it was lightning for eth, i looked at it and was like cool. the channel stuff is complicated, even for me, so once it's all done by the nodes then it's all good.

but for wider adoption, it'll be streamlined. stakenet's working toward this, as you can see by all the threads here and how hard the team is working.

>>22319338
brigadier general reporting for duty, sir. :)

>>22319223
>Nobody wants to download any software in order to trade
this is a major iusse

By the way the web app will help a lot as someone already said
normies will open the app (like they do now with coinbase) and trade there

>>22319223
This is simply not true. People download wallets, people download software for ledger, Trezor. The vast majority of people in Crypto are perfectly comfortable and adept at downloading and installing software. Plus this is a wallet for all of your coins that are on the DEX. The Dex has one usability issue as of now which is the renting of channels. The swap function takes care of this for people who want more control they can rent the channels.

Will this surpass Uniswap? Prob not. But this will have its use cases, for most it will allow low fee swaps between coins and ERC tokens, for serious traders the ability to open and leave open channels will be alluring.

All of the FUD and the MOOOOON (1mn make it) is gay. This is a working product that provides a couple of needed functions. I don’t see it getting to even 10/XSN but there is no way it doesn’t to at least 2 and more likely 4.

Stop the gayness live in reality.

>>22319783
>>22319663
it's only a major issue just now cause everyone's so used to just hooking up dapps on webpages. but the mobile wallet will be great.

and really, think of it like you've got access to a secure layer 2 transfer system by downloading an app on your pc. who wouldn't want to download it? everyone download's discord, vlc, netflix and such to their desktop. what's wrong with downloading an app for a dex? not saying it couldn't work with a webpage either,i dunno how that shit works.

the best fud they can come up with is that no one is going to download something that will allow instant, cheap, private interchain trading and storage of all crypto

...right

>>22319854
Frankly, I disagree, there are far more prospects to being a holder of XSN than them just building "another dex". If you believe that the vision of Stakenet amounts to just a couple of needed functions, you've not considered the project holistically enough. Obviously, time and circumstances will tell where it does end up, but I see no reason (today) for why 98~% of the other projects out there "should" be worth more than XSN right now. While you're correct that maximal shilling and fudding is gay, there's no reason to downplay the expectations of the project when it's hardly justified.

Sure, stave your expectations if that makes you feel better, but holding off from a good investment or selling early because of a feeling that good things "just don't happen" is not a good way to go about it either, imo. Peace.

In addition, concern-fudding investments you're in is far more gay than being a legitimately hyped up shill, if you're not actually out to lower the price.

>>22321157
i can only hope that shops adopt lightning hubs so that bitcoin rallies to 500k. hell, even if coinbase/fiat ramps go lightning hubs we'll do well.

all very early. imagine never taking your balance back to l1. paying for everything on l2. same with eth. all l2.

i do wonder though, maybe someone here has some info i can read up on. if there's any knowing on how a balance from raiden works in a wallet? is there any l2 eth wallet or something like that? where does someone store l2 eth balances?

>>22317258
>Uniswap is over 1 billion
It’s 400m.
The rest of what you said is true, though.

>>22317307
Dump iexec for literally anything else

>>22315314
daily reminder XSN is vaporware.

Safex is your best bet for 2021.

>>22321157
Would you call that concern fudding? How so? I have used the Dex, it works and will become simple for people with the new UI. I said as much in my original post.

1MN is not a make it stack though. I also do not foresee the actual coin being worth a lot because MN holders will always be willing to sell some rewards in order to take some profit, as they should. The coin will surely go up but I just do not see it 50xing. At least not in the near future, maybe in time.

So I'm assuming for Raiden Windows support they're going to have to use Windows Subsystem for Linux to get it to work until the Raiden team makes it native to windows (which X9 requested).

>>22319223
people download wallets all the time, and pretty much every major traditional broker offers a trading app, including basically every crypto platform - this is not at all a new concept for traders, it's just new to you because you're new and retarded and dunning-kruger enough to think you're right.

>>22319854
>Stop the gayness live in reality.
The reality in which none of you shills actually want to contribute in improving the project by actually using the product. Its all talk, what you currently have in a DEX isnt even sufficient enough for those balls deep in XSN to support. Hello reality

>>22322550
Post screenshot of you using the DEX

>>22322577
>implying
Beta product so trade limits are in place and aggregators aren't functional on ltc-btc pair. with that said I've used it to pick up ~2k of my 150k stack. it's not "easy" right now (mainly due to trade limits), but it's definitely usable and swaps are basically instant so once lightning channels are synced it's totally painless.

>>22319223
this kills the XSN shilling. What competitors should I look at?

>>22322997
quit the middlemen, buy raiden network token.

>>22322577
I have used the DEX, I agree its annouing at the moment. However it works. Stop being a faggot two things can be true at once. Autistic faggot.

>>22322997
lol

how many crypto apps do you have on your phone? metamask, trezor, ledger, binance, kucoin, coinbase, gemini, bitfinex, coingecko, CMC, blockfolio, the list goes on; that isn't even mentioning all the apps people use for traditional banking and other questionable uses.

you're an idiot if you think downloading an app is going to prevent people from saving money by using a layer 2 dex. there are already hundreds of crypto apps in existence, many with both desktop and mobile version for storing coins and trading.

>>22323274
I'm agreeing with you, ponce.

>>22323436
Damn straight.

>>22321876
When you tell people you don't see it going to $10, you express concern that it won't go to $10. Perhaps you didn't mean to fud. Many people probably consider reaching $2 to not be a good investment in crypto long-term. If you account for the vision, the blockchain, the product (the dex), and how far along the team has come, it's very hard for me to see why it should stay at 2 dollars or even 4 dollars long-term. Our market cap is currently $21,000,000, with a supply of 106,431,626 XSN, price at $0.2. Compare that with Chainlink at $4,128,731,192, with a supply of 385,009,556 (?). The price is today $11, and it has reached $20 before.

XSN needs 1/3.5 of chainlinks current market cap to reach $11 per XSN. Meaning the price would be closer to $33 considering the market cap was the same.

$2~$4 is in my opinion fud. At least if you consider the fundamentals of Stakenet, and the possibility of a future golden bull-run. Sure, it might take many years to reach a high price, but I see no reason (considering where we are today), as to why it couldn't. Perhaps I'm just ignorant? But I have not seen any good counter-evidence or argument as of yet,

>>22324238
Your reasoning is solid. Over a long enough time frame you are probably right. I am just saying for what it is right at this moment once Raiden is added it should get us to 2-4 in the near future. I hope you are correct about the long term and no curve balls come this way. I just try not to look too far down since the crypto world is so dynamic.

>>22324238
Just to add, obviously competitors and circumstances could change. CZ or uniswap could go all in with their resources and develop a better product which allures more people quicker than stakenet, and if the stakenet team doesn't market/advertise their shit, it might fail due to such reasons. Perhaps another solution could arrive and make Stakenet obsolete, just like Stakenet currently looks to make the other current projects, who knows. But right now I have not seen anything else in the crypto space that aims to do what Stakenet aims to do, with such a broad and holistic vision, already functioning and completely decentralized product, and the professionality, tokenomics and, let's not forget, community hype and good sentiment (which is important) behind it.

we're gonna destroy the world and eat off the poors

>>22324517
I think they're going to market but it won't be until Raiden is in the full release. They're pretty set on having a full working product before marketing from what what I can tell. Raiden is when they have drawing power.

>>22324451
You're right, it's good to keep expectations in check, I guess, and always basing these on the current circumstances.

>>22315754
an 80% dump wasn't enough for you?

>>22324451
given its current market positioning and product weighed against its competitors, it's honestly a steal.

The only reason this hasn't seen a $5 pump already is because there is LITERALLY zero marketing budget. The team is spending absolutely nothing on marketing, and will not do so until raiden is finalized and dex is released.

>>22319223
yeah who would want computers in their home? we already have calculators! holy shit, who's dumb idea was it to invent computers and make them smaller enough for families to own? what the hell that's just like super super suuuuuuuper dumb!

>>22325574
When this gets any traction we'll get listed like crazy

SUSHI ANYONE

>>22326331