/biz/ - Business & Finance

>>22344379
How is this better than loopring? Dosen't it do the same thing? Except Vitalik isn't shilling it.

>>22344379
>XRB-like pump potential
delusional

>>22344393
Loopring is ERC-20.
>>22344397
>Market Cap
>$23,182,320
Twenty-three million one-hundred eighty-two thousand three-hundred twenty & 0/100 dollars
This will break a $1 billion market cap.

>>22344397
$100 2021

>>22344431
I'm not saying it won't pop, but comparing it to ripple is the most retarded thing I've heard
it's going to do a nice pump if everything works out
but not by much
that being said, it's not a bad investment, I just prefer higher returns

>>22344477
>he thinks xrb is ripple
Waste of digits t b h

>>22344499
my mistake, it's still early in the morning
but doesn't change what I said, if anything it would make it worse
way to dismiss my point btw

>>22344379
>XSN is the true forefront of DeFi
Why is no one in DeFi except /biz/ talking about it then? Also no one is using it.

>>22344550
What point? XRP has a $10 billion market cap and is already very well-known industry wide. XSN has a $23 million market cap. Both are roughly the same price per coin right now because of XRP's relatively massive coin supply.
$1 billion into XRP and it pumps a few cents.
$1 billion into XSN and it does a 40x.
>>22344562
Cuz they probably went all in SUSHI lol

>>22344562
have you not noticed /biz/ is early on everything nigger?

>>22344562
other than 4chan and reddit to a smaller degree where else do you see instant discussions about new coins/tokens/projects

>>22344562
Just wait until everyone is talking about it, when your uber driver and barber shill you XSN, then you should buy it at 100$.

>>22344661
>a 40x
like I said, even if this best case scenario happened, btw it doesn't have to happen
that would still be not enough for me personally

>>22345074
that's when you should sell

>>22344665
kek, this is not true

Sad to think how many people here have missed out on xsn because of the fud. They wouldn't have bought link in 2017 too.

>>22344665
This is a good project but if no one uses it the volume will be dipshit

>>22345188
Didn't you see how fast Uniswap caught on?
People thought everyone would stick with CEXs. Not the case!

>>22345161
>have missed out
do you think people are priced out? 19-21 cents per xsn right now is a fucking steal.

How much is a masternode now? I could be tempted

>>22345376
Approx $6300

>>22345270
The fact that it's held out above 20 cents while the market has been shitting itself is kind of scary. Nobody wants to sell even when there's quick money to be made with everything else that's dumped. Who knows what'll happen when price manipulation is over.

>>22345503
One of us is bad at math because I'm pretty sure it's more like 3.5k at current prices.

>>22345545
>$6300
>$3600
fuck

>>22345545
I calculate it to about 3.3~3.5k yeah.
>>22345376
If you do buy a masternode, keep in mind you need a total of 15150 XSN for the mn and 150 xsn to host at the cloud. If you don't manage to get a whole masternode it's fine, as you can stake for a while until you get one.

>>22345651
Or you could of course host by yourself, if you wish.

>>22345641
it's $3000ish as of right now
0.20 x 15000

Why is this coin so easy to understand? Brainlets coping hard.

>>22344397

True, it has way more pump potential.

>>22345826
Because their incompetence isn't hidden behind walls of overly complex and lingual bullshit.

>>22346119
>incompetence
I think you meant competence.

>>22346119
>he thinks this is complex
ngmi

>>22346133
>>22346176
What I mean is that explaining and doing stuff in a simple and easy-to-understand manner is a characteristic of competent people. Admittedly, I probably worded it badly.

>>22346252
Indeed. They have worded their articles and light paper in a very simple manner. Even the roadmap is easy to understand. Anyone who does their own research would understand the implications....plus the tech they've already built.

>>22346252
It's ok. I can't do math

>>22345242
>Didn't you see how fast Uniswap caught on?
>People thought everyone would stick with CEXs. Not the case!
Uniswap is on line interface you don't have to download a software on your pc

>>22346393
You don't think there will be an equivalent to a web3 interface?

>>22346393
given how easy it is to toss something onto a web app i can easily see them simply porting it over to the web as well once they're done with the main interface

>>22346266
We’ve been here from the beginning as early players in blockchain and technology infrastructure. That means we’ve made a lot of friends along the way – we’re well connected and well informed. And best of all, we’ve surrounded ourselves with those responsible for creating the foundation that tomorrow’s value and currency will be built upon.

That is why our focus is on educating our partners on blockchain, as well as other new developing technologies and how to implement them.

>>22346352
That's okay, it's taught wrong, even sometimes by the 3blue guy.

The modern fiat financial system is built on an ever accelerating amount of moving money. If crypto can't move fast, and inexpensively, it can't compete.
If crypto doesn't conservatively extend what you can already do with fiat, then it can't compete. XSN looks likes it's the next step towards facilitating that competition.

>>22346393

>>22346393
both the mobile app and the web app includes the dex

>>22346590
fuckin based. it's going to blow uniswap out of the water assuming they get a ton of shitcoins on it (which should be the case given how ERC 20 is supported now)

>>22345545
>Who knows what'll happen when price manipulation is over.
No marketng no exanges beside livecoin nomies could never know about this

>>22346677
Can trade BTC for it on the DEX with all the volume of livecoin.

>>22346677
Checked. That's why you buy in now. It's a sure thing. Industry leaders would rather promote garbage than recognize it (this knee will bend). You can get into a sure thing before reddit, youtube, and crypto twitter do. Don't let them beat you.

a dex on the lightning network is kind of interesting, but i have a few questions.

you need to open a channel to trade right, a lightning channel, and that costs collateral andhas a limited size. so me as a user of this i am limited to a maximum size of channel to trade with, and I also cannot trade my entire stack of coins, since some of them are held in escrow as collat, correct? this also means that i cannot receive more than my channel capactity, so what the fuck happens if i buy link at 0.5btc and my channel is 1 btc. link then shoots up to 4btc and i'm stuck there not being able to receive it since my channel is too small?

i had a look at the raiden website, and the video goes through the same sort of thing as a lightning system, so i guess that's why they're working together. but the same thing applies. all lightning people are going down the road of lightning being used to make payments, i know that's what a trade is, but what about the people that just want to buy and hold. not professional traders doing small amounts.

i know btc is limited, but how much does it cost to bring 1btc to lightning right now? how much is it going to cost at 100k/btc? no one's going to be bringing their balance on/off chain multiple times surely, as you'll offset the reason for trading on lightning?

what's the composability of raiden? how do i send my raiden layer funds to another wallet, is it possible?

Why was the price of this almost 1 dollar in 2018?
I read somewhere that they started this project in 2019.. Were they trying something else before pivoting to a L2 DEX?

>>22347140
Stakenet used to be POSW Which basically failed and was abandoned, X9 developers (draper aka "ceo") took over the project, salvaged what he could and swapped everyones remaining POSW Coins into XSN Coins. Its a big red flag for alot of people because theres alot of faith that has to be put into x9 developers to succeed and not repeat what the former POSW Team did. Proceed at your own risk but this is most likely the reason for the influx of price in 2018 and also the main reason it dumped, people wanted to get out of "POSW" which had now tbut taken over and turned to XSN

>>22344379
now do one on LOKI

>>22347127
I'd love to answer but I honestly don't know. Would be interesting to hear what someone knowledgeable has to say.

>>22347208
At the same time it is a major green flag exactly because of that reason, the team decided, against their own monetary interest and prospect of starting from a clean slate, to save the previous investors from certain doom. The people from the PoSW days may in fact be the project's greatest supports at this point.

>>22347208
Thank you for these precisions.
Is there a place where I can calculate the monthly reward if I were to buy a MN at the current price?

I could only find a chart on the TG, difficult to make sense of

>>22345651
Cheers for the info my man

There will be a day soon that you will go to sleep and wake up and XSN will have doubled in price. As biz fomos in it will go absolutely parabolic. This feeling is stronger than any sleeping pill and keeps me at god level comfy all day everyday.

>>22347524
Stakenet dot info has all the things you need fren. Even calculators.

>>22348186
Holy fuck this made me unreasonably horny

>fudding because of complexity
>not just because it's a total shitcoin
XSN holders slowly bleeding to death

>>22348334
not an argument.

>>22344477
I can smell your vag from here

>>22345140
Glad you are passing on the 40x for personal reasons. Dont want to share my xsn with giga faggots.

>>22344379
Everyone say it with me: BLOCKNET

>>22348186
this fact keeps me sane some days.

>>22348186
Based.

>>22349407
BLOCKNET !!!!!!!!!

>>22347127
it’s very telling that nobody has answered you.
Stakenet and all layer 2 is a scam.

>>22346652
ERC20 it's not supported and it won't have ll the uniswap shitcoins

>>22347127
Nobody here has actually used the product. They just come here to shill their bags. Apparently this DEX isnt going to kill uniswap depsite being a massive pain in the ass to use

>>22349836
the fuck are you talking about? There's a video demonstration trading erc-20 tokens on the dex, and that was weeks ago

>>22350000
Checked. Pajeets can't even speak english.

>>22348186
my body is ready

>>22347432
well thanks for being honest i guess

>>22349742
i don't think layer 2 is a scam, it's just weird how there's no information on raiden anywhere and almost all the other players in the dex industry are moving to other solutions

>>22349901
interesting. you've not even tried it either? the channel thing is an interesting solution to the btc/eth problem. but i'd like to know how you're meant to fully utilize it without being hindered. i.e, how can i receive my shit back if my coin blows up past the channel limits. tried looking on the archives also. can't find anything deeper about it.

>>22344393
Loopring doesn't trade BTC or any other lightning-enabled non-ERC assets.

>>22350118
sorry anon I actually had a big writeup to answer some of your questions but I lost it. For reference I used the dex a bit in the closed beta. If you use the full capacity of your channel you can simply open another one. I think you can also just expand it in your scenario but I can't remember exactly. It's constantly being updated/changed.
The cost of moving 1 btc off chain will be far lower than the cost of transaction fees. There's also soon going to be a point where you can just keep everything off chain as long as you have enough for the rental fee

>>22344661
lol cz is a fucking scam artist. it's honestly hilarious that anyone trusts him with their money.

>>22347127
You can open as many channels as you need for a fraction of a bees dick of a cent, you can let the DEX do this for you automatically if you are too retarded to understand L2.

Whatever the L1 fee for a 100k btc txn is you can be fucking sure an L2 swap will be cheaper.

You can send raiden layer funds to any L2 enabled wallet of which STAKENET LW is the only one so great question?

Try and sell your hypothetical 4x link gains on uniswap and let me know how seamless and cost effective the experience is for you.

>>22344562
where do you get your crypto picks from? Youtube? lol (pic related)

>>22345651
not if you market buy.

If you're willing to take the chance that your limit buy isn't picked up as the accumulation commences, then yeah maybe you can get it for under $4k

>>22350486
wyckoff is jizzing on us from heaven

>>22350334
ty for response.

>If you use the full capacity of your channel you can simply open another one
but ..... how? my coin/token in the first channel right? how do you move funds out of the channel into a new channel? and i can't close it cause then i'd lose my stuff?

from looking at the videos from the stakenet dex there's a 'can receive' so what happens if i trade my btc for something and then leave it for 2 weeks and suddenly it's beyond my 'can receive'?? am i being retarded or what?

>>22350434
yes, i understand that you can open a lot of ln channels, that's fine. given that i have the collateral to open all these massive channels. but what happens if i trade my btc for link and then link blows up, now i have more link than my channel. i can't 'rent another channel' to get it, as it's in that other one? the dex has it?

>>22349552
u gonna make it

Look for Hedget mate
One of the best defi project.
First derivative exchange on defi platform backed up by chromia.
It's a layer 2 exchange.
With a low supply of only 1.17 million this will be easy 50x.
Watch out for Hedget

>>22350525
I didn't really understand what you meant with >link then shoots up to 4btc
You mean the value shoots up? Then you wouldn't be able to trade all of it, just the equivalent value when you opened it. Keep in mind you have to open one channel for sending and rent the other for receiving, so you would have to rent more channels to receive the btc that your link has gone up in value by. Hope that answers your question

>>22350616
Option trading will be next level on hedget

>>22350570
>>22350525
and to add. say it goes up beyond my receiving capacity, i need to enlarge my channel to get it back. but how do you do that when you've no more money to increase the channel limits? you need to buy more btc(or whatever) to deposit the collateral to increase the limits so you can get your now 40x increase in the other token?

The logic that people wont download software to trade doesnt make sense. Logging into a CEX is a pain in the ass with all the random kyc, email confirmations, google auth, pin codes, etc. I would much rather just log into something like steam or discord and then trade right away... Once raiden is implemented I’ll only use cex for fiat on ramps.

>>22350616
awesome platform for option trading go hedget go to the moon

>>22350643
yeah, so how does that work if i want to receive my excess when it's locked in another channel? it can't tap into another one to get my tokens back, right? does the dex somehow let me open a channel and then just 'receive' the rest of my tokens somehow?

#hget gonna eat market soon in liquidity

$CAPc #tokenomics Total Supply: 1bln tokens
Total burn amount: 100mln
CAPc
Circulating supply after
token burn: 400mln
Total Bitchain Client base:
1.7bln individuals
IEO (exchange) Price: 1 ETH
= 1500 CAPc (£0.20P)

>>22350616
>>22350648
>>22350704
>>22350725
>>22350782
Actually fuck off cunt. Make your own thread for your shitcoin, stop trying to ride on stakenets superior tech.

>>22350716
I'm not really understanding this situation. You would open your link->btc channel with btc. You just pay the fee, your btc does not go off chain, your link does. You'd still have btc in your wallet to pay for more rental fees

>>22350705
same here friend, once it is installed it's so much faster and easier than logging in on browser. same reason binance has a desktop trading client as well.

aim of devil finance is To create a rapidly appreciating token that will be listed on UNISWAP for quick gains through token burning tokenomics. #DVL #devilfinance

>>22350940
You forget to change ip pajeet. Now kill yourself.

>>22350819
man i'm bad at explaining i guess. maybe i'll make a wemb/pic or some shit and post it in a later thread.

yes i've opened the channel and it has a certain capacity. two way highway analogy one to send one to receive. both channels have a capacity of 1btc lets say.

i send 1 btc to the dex, to trade for 1btc worth of link. suddenly, the same amount of link has now shot up in value and is worth 2btc. my channel capacity is 1btc. so i cannot receive the other 1btc worth.

if the btc/link is locked in a channel, then what good is opening another one to get it? surely i have to deposit more collateral to increase my channel capacity to get it back. and what if the value is greater than the amount i have, i can never get it back? yes i will have left over btc in my wallet, but lets say, not enough in this example that i could increase my capacity

sorry, lots of assumptions in my post here. but getting this information is difficult. i had like 30 stakenet tabs opened trying to read about it. hopefully i explained my question better anon

>>22350993
wait so you're saying the price of link 2xs while the trade is in process? The transaction is instant, it can't happen. That's assuming you're using the swap function. If you're using the order book it just won't get filled. The amount of link is not locked in on the other end, it's flexible

>>22350955
why i dont want to change fuck yourself and buy devil token

>>22351126
Kill yourself nigger.

>>22351084
okay.
so say the order won't get filled, cause my channel is too small.

that means in order for me to 5x on tokens, i need to have a massive channel capacity open just incase, and then trade with small amounts that i can continually flip back and forth, until my channel limit is close?

>>22351084
>>22350993
nvm I think I get what you mean, you move all your btc off chain to exchange for link, but the value of link changes and since your btc is off chain you can't rent another channel? I'm not sure, I think you wouldn't be able to pay the rental fee if all your btc is off chain. It's probably necessary to keep some on chain in case of a scenario like that, just like you have to keep spare eth in your wallet for trading on uniswap. But maybe they have a tricky way to deal with it? Tbh you should join the discord for these kinds of questions, the team is very responsive

>>22347127
you can put 100% of funds in lightning, rent a channel, and it will process trades up to that limit, within a few hundred satoshis (basically the amount required to rent the channel).

there may be some satoshis left over, but usually a limited amount, less than $2 in my experience.

>>22351243
I assume that you are hypothetically using the new swap function rather than the current system that uses an orderbook. I don't know the intricacies since it's not out yet, but since the transactions are instant, I imagine it would just trade the maximum capacity of your rental, then you'd probably have to wait for a new channel to open. I don't think you will be able to instantly get your 5x, at least not with the first release of the swap system

>>22350782
Oh man, Wait for more announcements of partnerships. Pre sale 1 price
1 eth = 3000 CAPc

>>22344477
>>22344499
>>22346133
>>22346266
>>22346444
>>22346677
>>22347977
>>22348211
>>22350000
>>22350955
Digits and this thread.

>>22351444
Checked.

>>22350782
I'm just waiting for it's launch. Really man so many awesome partnerships and liable price make it more worthy....CAPc to the Jupiter....

>>22351427
>>22351549
Fuck off you gay niggers

>>22351444
Holy shit, checked. Kek is watching us my fellow XSN chads.

How much is the suicide and make it stacks?

>>22351873
1 node is suicide
3 to make it

>>22351888
10 is fuck you stack. Also checked.

>>22350118
nobody's moving "away" from raiden, it's enabled natively in ethereum. it's just more complicated to implement so some other groups have come up with "simpler" (but less functional/immediate) roll-up functions.

the challenge is that roll-ups, while technically layer 2, still have scaling and velocity of transfer issues. they're a band aid on a bullet hole, but are "easier" to implement and once sharding is enabled in eth, in theory can be easily reverted to move back to sharded later 1 processing.

my biggest concern is still how we'll scale processing-intensive shards - the throughput question will remain with continued broad adoption even if PoS is in place and sharding is a thing - processing trades on chain will still be subject to the limitations of node processing for that shard, and I'm not clear on how processing for those shards will work/scale in a world with limited full nodes validating a given shard.

>>22351444
>>22351888
checked

>>22351126
I hope you choke on the afterbirth you slid out on.

>>22350360
kek he really doesn't give a shit about users

>>22351444

>>22351374
had to go mobile so i'll read the responses later.

>you can put 100% of funds in lightning, rent a channel, and it will process trades up to that limit, within a few hundred satoshis (basically the amount required to rent the channel).
right so again i'm using my balance that i have to open a channel and i can make trades up to that channel limit. so how do i make more money than i already have? how do i go from having 1 btc to 2 btc if it costs me 1btc to open a 1btc channel capacity. where's the money to be made?

>>22352847
bro it costs a couple of dollars to open a new channel

>>22352847
and also. what's the channel capacity limit, is it the standard lightning channel limit or is the dex unlimited. by that i mean can i go open a 50btc channel and bail out of crypto into usdt with this. or do i need to open hundreds of 1btc channels. does anyone know what a eth layer 2 / channel is, is it the same? where's the documentation on this shit, cause the whitepaper gives like zero fucking details in the 15 pages and mostly talks about adoption / concept solutions

>>22352949
but i open a channel with my full balance. i have zero more money in the wallet. how do i make more money than what i have if the channel has a maximum capacity based on the opening limit?

>>22344379
This graph seemed impressive. Then I realized a masternode is only 3k and the y axis done in increments of 50. So this seemingly parabolic rise is only 100k being locked up. Kys your DEX is shit and dead on arrival

>>22353150
You're actually retarded. That's 750k locked you dumb schmuk.

>>22353150
MN network grows 10%+ in 2 months
>i-its a bad thing
lel

XSN makes my dick hard af.

>>22352984
the dex has a small limit at the moment since it's the testing stage, I imagine it'll be increased to the standard limit. I have no idea how raiden operates so I can't help with that

>>22353014
you would spend $2 of btc to rent another channel if you need to receive more link, then if link goes up and you want to trade it back to btc, I believe you would need to rent a btc channel to receive more than the initial one you opened. You really should just ask the devs though because they can give a far more accurate answers than random anons. Not everyone can be bothered to understand the inner workings of the lightning network

>>22353552
>Not everyone can be bothered to understand the inner workings of the lightning network
Yet you shills are convinced that this convoluted DEX will somehow be the next big thing...

I'll buy a small bag worth $2k. Don't let me down biz.

>>22353713
how many people flipping shitcoins on uniswap understand liquidity pools and AMM?
There'll be no need to figure out lightning channels when the next version with the swap interface is out

HENLO...????
Don't you understand that this project can't list all the uniswap shitcoins?
Many of them are not ERC-20

>>22353957
Uniswap doesnt have an army of jeets spamming the board
>how many people flipping shitcoins on uniswap understand liquidity pools and AMM?
And how many people flipping shitcoins need to use a chain beyond ETH? Do you not understand how >>22354098 is a huge detriment. Who exactly is your target audience for your shitty ass DEX? CEX will be faster for BTC to shitcoins and Uniswap will be more accesible for ETH tokens

>>22354690
using CEX requires trusting them. yeah no thanks.
using Uniswap requires paying liquidity fees among other fees lol

>>22354690
people who want decentralized, instant, near feeless crosschain swaps (including eth tokens)
so everyone?
no idea why I bother answering though, I know you hold a bag and you just want to keep accumulating cheap

>>22355038
>people who want decentralized, instant, near feeless crosschain swaps (including eth tokens)
This doesnt exist and wont ever exist. Be back in 6 months to laugh at you faggots for falling for this

>>22355313
it exists right now i've literally used it and have verified it works. you're desperate to fud your own bag.

>>22355400
>decentralized, instant, near feeless crosschain swaps
>stakenet beta
>its the same thing
???

>>22355313
>i-its vaporware - SCAM
>t-the beta will take 3 years to release - SCAM
>n-no one will ever use a DEX - SCAM
>i-it doesnt have as many pairs as uniswap - SCAM
>i-it only hit $240 in 2021, NOT $250 like you wanted to - SCAM
Keep on moving those goalposts fudders. Stay desperate, stay seething, etc etc.
See you in 6 months.

i like the fact XSN will make us rich.
As soon as one of those wrapped exchanges exit scams people will realize they arn't trustless, and arn't a true solution.

Then all hail the XSN

>>22344499
XRB isn't ribble?

>>22355400
that's what he wants you to think.