/biz/ - Business & Finance

>>24350008

for the lightning!

Development has been so slow that even Eth is overtaking them. It would’ve been useful, if they kept the 2018 roadmap goals, and released it in 2018. Now it just doesn’t make any sense. Dead on arrival.

Just like chain link it's a block chain technology build around a ponzi (XSN) that is meant to enrich the developers of the project.

Bigger question is why do you feel it's your mission to do yet another thread about this and responding in it all day if you're not invested and don't care about the project?

They've already stated that XSN in fact is necessary in the later stages to make the truly decentralized unstoppable DEX they're aiming to build. Something no other major project are aiming to do so stop this weird FUD. It makes you look ridiculous just ignoring their answers because it doesn't suit your agenda.
The people invested in XSN know what they are in for, so again, why are you compelled to write these and what about the teams answers does not satisfy you?

>>24350008
>>24350011
>>24350066
>>24350078
my question is, why are you all fudding a token that has been deemed to be dead. its almost as though you dont want people to buy.

>>24350132
>its almost as though you don't want people to buy.
Ding ding ding!

>>24350078
Oh no don't mention Chainlink, that'll really trigger OP. It's his baby!

>>24350008
Another question for OP since you are the one making the statements here, you may aswell explain them.
What about ETH 2.0 will solve what Stakenet is trying to do? Will they support direct swaps between BTC and ETH for example? (I really don't know much about 2.0 but please explain how it makes Stakenet obsolete)

>2MN holder

>>24350078
It’s even worse. They decided to implement their own blockchain, which they can modify at will (masterkey) and print more XSN if they so wish. Not to mention it’s not a proven secure platform like Eth. Ukrainian closed source unaudited financial platform.

XSN en iyisidir. I have 3 masternode and am buy more. Stakenet ekibi 1 numara.

>>24350008
now tell me how to trade bitcoins with uniswap
and I mean real bitcoins, not your pozzed wrapped bullshit

X9 programmer is king of cryptöcurrency and will rule Bit Coin. XSN $100 very soon

>>24350179
>What about ETH 2.0 will solve what Stakenet is trying to do?
The only claim XSN has at this point is that it COULD (if ever released) be faster and cheaper, both of which don’t apply after eth 2.0. People are not going to migrate over to some obscure downloadable dex just because the fees are $0.01 instead of $0.1.

>>24350008
Bu ekibi seviyorum harikasın xsn!

Oradaki en iyi bozuk para. Bizi zengin kardeş yapacak para budur.

Why is the thread so roached up

Looks like the Turknet warriors are here lmao
>project not needed

>>24350397
Because it’s a turk-scam. Twitter is filled with turkbots shilling XSN.

to be honest i dont care if its needed or no, but definietly you will see huge punp of this gem

>>24350447
Why do you think so?

>>24350429
XSN ekibi kardeşini becerecek. XSN team is future rule your ecönömy

>>24350132
bro I'm not fudding, I really mean that the LN is going to be huge and I'm working towards my goal of having a mn...

Is this the only project that just keeps dumping during the golden bull run? It’s almost like the devs are selling :-)

>>24350520
fuck You .

>ITT, fudders larping as roaches to give a bad view of the project and other fudders larping about not caring about the project.
All of this fud is ultra bullish for XSN, and you'd be incredibly stupid and not deserving if you can't see it. Let this be a warning to /biz/. Will you let a bunch of larping fudders spending every single day making up lies about a project determine whether you make it or not?

Notice how OP isn't answering to any counter-arguments or questions about his empty claims. That's a good sign.
Someone is out for cheap nodes.

>>24350269
>>24350232
based turkish community, happy i went all in

>>24350721
>>ITT, fudders larping as roaches to give a bad view of the project
So the fudsters have been larping as turks for the past 2 years too, huh? Lmao

>>24350921
>Notice how OP isn't answering to any counter-arguments or questions about his empty claims.
Such as? It’s just turks seething.

>>24351024

>>24350302
This wasn't an answer to the question. I specifically asked if they will be able to do swaps with BTC and ETH like Stakenet aims to do. Again, will ETH 2.0 solve this?

You claim the sole advantage Stakenet could have is cheaper fees. That implies that Uniswap on ETH 2.0 will be able to do everything stakenet is trying to do. True?

every unsolicited stakenet FUD post further flames the fuel of certainty that I am going to be rich as fuck

XSN $100 2021

I am literally going to have nonstop boners when hydra hits. I’m going to be neet as fuck off my masternodes and will be comfy all throughout the bullrun without needing to exit my positions until the time is right

>>24350995
Nah, but you are now. Lmao Lmao Lmao lmao Lmao

>but but but ETH 2.0......

If ETH 2.0 fixes everything then why are ETH still pushing Layer 2 scaling tech like XSN’s new partner Connexts Vector tech and the official ETH account talking about them in this weeks update. Oh that’s right because ETH 2.0 doesn’t FIX onchain scaling issues it just moves the problem down the road a bit. The crypto industry is fucking tiny and if it was to gain any kind of “mainstream” adoption then ETH 2.0 would fucking collapse which is exactly why Layer 2 tech is needed to remove the congestion from the base layer blockchain.

Team holds a masterkey, they could shut down the XSN blockchain tomorrow if they wanted. Why do people invest in scams?

>never forget

>>24351650
> straight lies
> doesn’t know what a “master key” actually does

The “master key” allows the team to change very specific functions of the blockchain. It is there to be used in case of a emergency but it’s functions are very very limited. It can not change user balances or shut down the blockchain as you are claiming all it can do is change so very mundane parameters.

Also as you claimed XSN dev team can “print” more XSN at will, this is again completely false as the only way any addition XSN can be added to the blockchain is through reaching consensus on a Masternode vote through governance which is how it has always been.

Your clear lack of understanding on blockchain tech is fucking appalling, you spew out “big words” hoping nobody understands what you are fucking talking about but to those that do actually understand you arguments are completely retarded, a sign of sheer desperation to try and trick unwitting readers into believing your shit

>>24351757
>Also as you claimed XSN dev team can “print” more XSN at will, this is again completely false as the only way any addition XSN can be added to the blockchain is through reaching consensus on a Masternode vote through governance which is how it has always been.
No I didn't you schizo. Thought they could, as the team owns most of the masternodes, so the DAO is a joke at this point.

>>24351735
Yeah it’s no secret they took over POSW after it fell apart to use it as a base for their vision of what they wanted to do. All those people their are the POSW blockchain team that were contracted by POSW to build the blockchain which once the POSW team left they carried on with and reformed it into XSN to build out the vision.

The blockchain team had nothing to do with posw failure that was down to the POSW website team which they had nothing to do with, there was zero issues with the blockchain.

>>24351809
Which is it:

>team owns all the Masternodes
>team dumping all their coins?

Can’t be both can it if they dump their coins then they can’t also hold all the MNs retard

>>24350119

So they're making Orion Protocol? Because ORN launches 15 December. XSN has to hurry if it wants to compete in a month.

>>24351854
ORN is onchain wrapped bullshit, nothing like what XSN have built despite their marketing.

>>24351757
>they took over POSW after it fell apart to use it as a base for their vision of what they wanted to do
>crash the project
>rebrand
>airdrop 50% of the new coins for yourself
>we are the heroes!

>>24350239

Why would we care about that old shitcoin and it's potential 5x gains? Stay poor.

>>24351883
The bitcoin gains are assured, your shitcoins will most probably never take off

>>24351844
Where have I said they're dumping coins? Take your meds. Go back to discord and ban people for asking legit questions.

>>24351896

Hahahaha have you seen the price of ORN?

Jesus Christ you fudders are great.
>Spews out lies
>Get caught out
>XSN MACHINE GO BRRR POSW FAILED GUISE SCAM SCAM MY PARENTS DO LOVE ME
Just get your bags now while they are on sale and shut up

>>24351854
besides being a bullshit onchain crap, you're only basing yourself with a website. They dont have shit to show. lol Btw, ORN is an erc token that is not even 3 months old and its already on Binance, so this shit is trully CZ's doing. fuck this chink.

Stakenet already has a working L2 dex that you can download and trade. Ornies btfo

>>24352342
>working L2 dex
The only DEX in the world where you start with $100 and end up with $50 before making a single trade.

>>24352393
??? you should trade less margin if you're losing 50% that quickly

>>24352393
>Mission failed
>Time to load the "I'm a fucking idiot" fud

>>24352393
its not the dex fault that you're that dumb right? lol

>>24350008
just drop to 600-650 sats already to fill my orders

lol, shills can't keep any discussion up. No one gives a fuck about this, good luck with the adoption turks!

>>24354202
>>24354202
anneni beceriyorum XSN numarası 1,, ,.

>>24350008
Here's a question that makes no sense. In order for lightning network to run, you need to send your BTC offchain to a counterparty that's also running a lightning node. They claim to be able to aggregate from Binance, but Binance doesn't run lightning nodes from their wallet. This is where the scam comes in. So while their demo shows they are buying from Binance, where are those funds going? If you ask me, it goes to their counterparty lightning node, which they have to fill up with BTC based on their expectation of demand. The problem is, where are they going to get the BTC to raise their counterparty channel capacity during periods of high stress? Right now, it appears they have two nodes, one with 2.65227429 BTC of capacity and another with 0.17954054 BTC of capacity. Now, they may have additional counterparties, but this is a scam because as I said, Binance doesn't run lightning wallets, so there is no way to get your funds uploaded into lightning from binance without sending it to a party that participates in the lightning network and doing an onchain transaction.

>>24350008
Here's a question about something that makes no sense. In order for lightning network to run, you need to send your BTC offchain to a counterparty that's also running a lightning node. They claim to be able to aggregate from Binance, but Binance doesn't run lightning nodes from their wallet. This is where the scam comes in. So while their demo shows they are buying from Binance, where are those funds going? If you ask me, it goes to their counterparty lightning node, which they have to fill up with BTC based on their expectation of demand. The problem is, where are they going to get the BTC to raise their counterparty channel capacity during periods of high stress? Right now, it appears they have two nodes, one with 2.65227429 BTC of capacity and another with 0.17954054 BTC of capacity. Now, they may have additional counterparties, but this is a scam because as I said, Binance doesn't run lightning wallets, so there is no way to get your funds uploaded into lightning from binance without sending it to a party that participates in the lightning network and doing an onchain transaction.

>>24351911
>have you seen the price of this literally who shitcoin with no volume that nobody except the team and some niggers hold?

someone want to spoon feed me? how does the stakenet dex pull liquidity from regular exchanges?

>>24355441
There is no way they can do it. Or they can do it, but they can't do it on the lightning network, like they claim because these centralized exchanges don't give users the option of doing an onchain transaction to move their funds offchain. Instead, they must be sending coins from a participating node they have in the lightning network and then moving funds from centralized exchanges to their node that participates in the lightning network and refilling its offchain capacity. It makes no sense. It's a scam.

>>24354995
>I DON'T UNDERSTAND HOW SOME CLOSED SOURCE SOFTWARE WORKS SCAM
For your question about what happens under high stress is that currently the capacity as you say is low, but will be expanded once the DEX is more complete, and then once completed offloaded to the vast Masternode network to provide that capacity I believe.

>>24354202
You ran out of shit tier fud so why would anyone reply?

>>24355665
No, lol. That's not how it works. Just because you run a Stakenet masternode doesn't mean you can participate in the lightning network, lol. Do you understand how the lightning network operates? You need to have BTC as collateral and then your transaction capacity is limited to the amount of BTC you hold as collateral. Holding XSN has nothing to do with this. Have you thought any of this through? LOL. The only way to 'aggregate' from other exchanges from the lightning network is if there is a counterparty that also has collateral in the lightning network and then can send a 'lightning' transaction to the counterparty, which in this case would be the Stakenet maker orderbook. But the problem with this and where it all falls apart is that in order for this to work, Binance for example, would need to have the option of having its users that hold BTC as collateral to do an onchain transaction to move its funds offchain. They don't have this option, so again, there is no way to 'aggregate' from these centralized exchanges in the lightning network. That's why this is a scam. Open your eyes.

>>24355743
Thank you mr /c/. I understand how the lightning network operates to an okay level.
If you have qualms with that process then the team might be the ones to ask, as my experience of usage of the DEX is that the aggregation works. You might believe it's a scam, but over the coming months it will be proven to us that it isn't.

>>24355743
Stop tugging your wee lil pecker and read about vortex and dex aggregators.

Dumb sand nigger.

>>24356740
>read about vaporware that doesn't work

>>24356769
Literally in open beta.
Try again, pajeet.

how many MNs to realistically make it? currently sitting on 2.5 MNs

>>24356740
Maybe you should stop projecting and think about how it works instead of getting all of your information from the team itself. Nothing I said was incorrect. You should learn how to control your emotional outbursts like an adult.

>>24356854
1 for longterm,
5+ for fuck you money

>>24356907
Except that I've used it and it works perfectly.
How about you dip your toes, pecker tugger, and actually try it and read on it before coming up with an essay full of garbage.

>>24356907
You buy $100 LTC from DEX, you get $100 of LTC from someone's arb bot who mirrors the trade on the CEX of choice to replenish their pool.

>>24357025
You don't understand how the tech works. Read my posts above and do some unbiased research, so you can confirm what I said is true.

>>24357148
>gais, I don't understand how this tech works, so with the little understanding I have from two minutes of googling, I concluded it must be a scam.

None of your "research" means shit when it is already proven to work flawlessly.

You're like those antivax moms on Facebook, lmao.

>>24357146
That's exactly what I said. They don't actually do lightning transactions from Binance because it's not possible. Instead, they have some anonymous liquidity pool that they replenish based on orders. However, this significantly limits their capacity to perform lightning transactions because it is ultimately reliant on the speed at which centralized exchanges can refill their anonymous liquidity pool and the time it takes to send coins from onchain to offchain. Then they are limited to the capacity of the lightning node that sends transactions from their liquidity pool. When centralized exchanges decide to have KYC and withdrawal restrictions, they will be significantly limited to being able to refill their liquidity pool. Throughout this process, XSN coin itself is not utilized, nor do Masternodes provide any security as lightning transactions are secured by Bitcoin itself.

>>24357267
MN's will run the DEX, they are utilized. You are only talking about the aggregator, forgetting that the exchange has it's own orderbook.

The Turks are who you want on your side when you want to shill something on social media. They are everywhere. Have you seen how crazy they go when any no-name soccer player signs for a Turkish club? Even before they join, they are hounding them on social media.

That's the power they bring. They'll get shit done by getting on the case of the crypto gods.

>>24357267
Everything you just said are non issues, and your immediate conclusion is that stakenet is a scam? Nice one pajeet.

>token not needed

Ah, fud as old as time, shows how shitty job you've done research this.
Couldn't even figure out how masternodes work. Topkek

>>24356824
>vortex and aggregators
Neither of which work on the beta.

>>24357335
How? In what sense? You only need to interact with their wallet, for transactions, so why is XSN or Masternodes needed for a transaction from a maker to a taker? Where Masternodes could come into play is if each node provides a liquidity pool, but for that to work, liquidity providers would need to trust the underlying security of the network and be incentivized at a higher rate than they would at an equally secure network. I know they like to play this game like they are doing the impossible, but if it was as easy as they said, you'd already see these being done on other more popular exchanges that are being utilized at a significantly higher rate. Innovation has not stopped at Uniswap or Bancor or other DEXs. And since Stakenet doesn't actually do any lightning aggregation from centralized exchanges, it has no competitive advantage. They are also working with a closed source network, which is ominous within itself considering other DEX like the ones I mentioned are open source.

>>24357497
Oh, I suppose the orders are being aggregated on livecoin with magic then.
Woah, now that's super bullish, mr pajeet!

>>24355562
low IQ here
debunk pls

>>24357556
>Oh, I suppose the orders are being aggregated on livecoin with magic then.
Nope, they are not, because it doesn't work. They had it "working" a few days, months ago. Literally cannot buy from Livecoin through the "dex" right now. Funny how the Binance aggregator has worked all 0 seconds during the beta, huh?

ZERO trades on the "DEX" in the past 8 hours, LOL
https://orderbook.stakenet.io/XSN_BTC

>>24357542
>I know they like to play this game like they are doing the impossible.
>if it was as easy as they said, you'd already see these being done.
Way to contradict yourself, pecker tugger.

>Stakenet doesn't actually do any lightning aggregation from centralized exchanges
Literally nobody has said it does, this just shows that you don't understand what the role of vortex is.

>They are also working with a closed source network.
It's already been established that it will be made open source after release. Can't have more of you pajeets stealing tech.

> considering other DEX like the ones I mentioned are open source.
Ah, yes. I love using shitty onchain dexes with wrapped garbage tokes and massive fees.

Show more how you lack general understanding please.

>>24357754
Are you sure you're just not retarded and don't understand how it works?
Low tier fud.

>>24357790
Expecting massive volume from beta. Lmao, Nice one pajeet.

Reminder for any new people. These are the people trying to peddle this scam.

>>24358059
>13 posts by this ID

>>24350008
Seethe BlockKek

>>24358059
What is supposed to be wrong with this?
You are quite idiotic and should possibly consider suicide.
>Aggregator works, gets fudded
XSN can't win eh with you spastics

>>24358466
Checked

>>24350008
It feels like a gamble which one of the 2387905 new DEXs will actually make it

>>24358591
I would start with a project where the devs didn't exit scam their previous project (PoSW)

>>24358711
Exit scam involving being able to trade your PoSW coins into XSN.
The current X9 devs for XSN were not the issue with PoSW.
What would you suggest then Mr Nakamoto? Tell us what project is doing what XSN is doing.

>>24358711
Dev team never exit scammed on any project but keep pretending they did if you think it helps you.

>pic related

keep pounding it you fucking retards
https://merv.tech/mentions/biz/all

Stakenet is a scam XSN

>>24350132
I own it and I don't want people to buy. Not because I want to buy more myself, but because I want to save people the losses I have suffered.

>>24359372
Lol the absolute state of you.
>method of fud: spam
Congratulations retard

>>24359519
How noble.. a significant number of us in XSN have been here for a while and are definitely in the green. Also completely not believable you’re doing something purely for other people’s good on this website, so perhaps consider rethinking your concern fud strategy.
XSN will absolutely go up in value from here. I could agree to disagree with you if you were saying it won’t go up much,

>>24359677
I have been here since $0.13, I held through $0.50 and I have seen that nothing has changed.
The earlier point was right, XSN's promise in 2018 was very legit. But in the time they've spent doing nothing but UI fixes and "SOON", Uniswap and Sushiswap and a hundred other DEXs have come out, and once ETH 2.0 drops with WBTC and WETH there is literally no reason for XSN to exist.
And I blame guys like you in the community who refused to acknowledge the lack of delivery was a problem. XSN has no value left, it died with the launch of Uniswap and the ETH 2.0 deposit contract. If you're reading this, do not buy it's a trap shitcoin.
They promise the world then never deliver, and at this point even if they did deliver it would be irrelevant because it's taken them so long.

>>24359892
No one else has what they are working on doing still so I don’t buy this ‘taken too long’ thing.
WBTC & WETH kills XSN? Are you having a laugh? Enjoy those wrapped bullshit assets. Stakenet aims to trade native tokens which is an important aspect of decentralization

>>24355743
What the fuck is this post lol, you clearly have no fucking idea how aggregators actually work. Aggregators have been operational on exchanges since there existence without LN so why do you suddenly think they need it now.

XSN doesn’t need LN for the aggregator to Binance part of the transaction it needs LN for the User to Aggregator part to settle the transaction instantly so the price doesn’t fucking move in the half hour plus it usually takes to settle BTC transactions on chain.

It’s pretty fucking simple:

> User makes buy on DEX.
> User happens to buy from aggregator as it has best price.
> User gets funds instantly as it’s done over LN from aggregator on DEX.
> Aggregator then makes purchase on CEX instantly as the transaction has been settled on DEX.
> Transaction on CEX mirrors the transaction on DEX to replenish the aggregators liquidity pool.
> Funds stay on CEX as no need to move anything unless the liquidity pool on one side runs dry
> As users are buying and selling the pools remain balanced
> Aggregators for retards 101

>>24360106
>XSN fudder misrepresenting key concepts related to Stakenet to construct confusion fud that they are just hoping people won't understand
Sounds about right

>>24360097
They've been working on it for 2 years with nothing to show for it other than some minor UI changes.
And yeah, once you can easily and cheaply trade WBTC and WETH nobody gives a shit about native token swaps. That's why Uniswap has millions of dollars of volume and XSN is lucky to pull in $35k. Shitcoin.
If you are reading this, and I'm saying this as a multi-year holder, do not buy and DO NOT trust guys like this who assure you everything is going to plan. It's not.

>>24360106
Lol, let's think this through. Where does it 'aggregate' from? It aggregates from an anonymous liquidity pool that has to be consistently replenished, as you just said in your post that you don't seem to understand. So the liquidity pool's ability to send transactions to the Stakenet DEX BTC node is constrained by the time it takes to replenish the pool, which is based on the time it takes to send funds from the exchange and then the time it takes to move the funds offchain. Another constraint is the capacity of the lightning channel. Transactions are limited to the capacity of the channel. Also, if funds stay on the CEX, why in the demo does it show that funds are taken out of the CEX?

>>24360394
The demo shows the mirror trade occurring in the Binance order book on their website.
>>24360334
I don’t know what evidence you have that it’s not going to plan and disastrous right now? I believe in this long term, I assume you’ve sold your bags then yes?

>>24360334
Strawman larp. Kys

>>24360394
Any aggregator is constrained by its liquidity pool moron that’s how aggregators work. There won’t be just 1 single aggregator operational on XSN DEX, anyone and everyone can run one and the incentive to run one is that it’s profitable just as it has always been profitable to run them on normal exchanges in exactly the same way. The devs are even going as far as to build into the UI 1 click aggregator options to make it so any retard can set one up.

The demo doesn’t show funds moving from the CEX retard it shows

>User makes buy
>User receives funds
>Aggregator confirms transaction settled
>Aggregator buy/sells on the CEX what it needs to replenish whatever it just bought/sold the on the DEX.

This next part is what you have wrong, the aggregator doesn’t move anything from the CEX to the DEX. It doesn’t need to at this point same as any other aggregator that has ever existed doesn't.

Why? Because people are buy and selling from the aggregator on the DEX so it’s liquidity pool is going up and down, it’s then mirroring these transactions on the CEX where it’s liquidity pool is also going up and down. It makes its profit trading the spread it sets between the two same as any aggregator has done before and after it.

The fact you think it has to actual send funds from the CEX to the DEX proves how little you actually know about how aggregators actually work so you should probably stop talking about them like you are some kind of fucking authority on the subject.

>>24360611
Here's the problem though, you can't send transactions via lightning from Binance. So if there are big orders coming from the Stakenet DEX that depletes their anonymous liquidity pool, operating a lightning node that is the counterparty to Stakenet DEX, it will have to replenish the pool from onchain transactions coming from the CEX, so it is constrained by the time it takes the CEX to send the funds to the liquidity pool and then take them offchain in order to send to the Stakenet DEX lightning node counterparty. So let's say the wallet or wallets they are using to send funds from Binance now have a withdrawal limit. That puts additional constraint on their ability to refill their liquidity pool that serves as a lightning node counterparty to the Stakenet DEX lightning node.

>>24360611
>I don’t know what evidence you have that it’s not going to plan and disastrous right now?
How about everything stuck at "99% done" on the roadmap, or the constant revamps of the roadmap? Changing from Raiden to connext after claiming for half a year that everything is going great, and it's "50% finished". "Swap UI" was demo'd in 2019, and it still isn't released. Basically NOTHING is going according to plan.

>>24360672
I never said the CEX was sending coins directly to the DEX. The CEX sends coins to the liquidity pool in order to replenish it. Where do you think the coins come from to replenish the liquidity pool?

>>2436077
ofc they are lining up everything to the current market's conditions you dumbo, everyone wants to make some buckaroos

>>24360778
Because they were making progress with Raiden but unable to guarantee cross platform compatibility so they move to another system you believe this is a disaster? Calm down you melodramatic child. This is normal in development.
It was 50% done because it was working but they were unable to make it work entirely to their needs and Raiden were slow, and they found that Connext was a better client as they were researching and testing for a while before making the decision.
If you think development at the edge of current technology is smooth sailing you’re clearly a fuckwit.
In R&D if you aren’t having to adjust your goals and methods at times because you find a better route you are either an idiot who’s going to take 10 times longer than needed, lucky, or not at the edge of what is currently available.

>>24350008
dont like stakenet and dont think they will accomplish what they say but if you are saying DEXs that work are not needed ur simply wrong, have a look at what just happened with the news about trump wanted to regulate crypto wallets. all regulation will happen through cexs and at some point their must be a mass exodus from them

>>24360812
No it’s doesn’t send coins to a liquidity pool retard, it doesn’t send coins anywhere.

How do you think aggregators worked between exchanges before XSN added one to their DEX. It works exactly the same as aggregators between exchanges have always worked and you clearly don’t understand how it works so keep circling back to this none existent liquidity you seem to think they have to keep sending funds too.

How do aggregators work between Binance and Kucoin and Bitfinex? They don’t have LN between them do they?

The reason why XSN being able to use these professional aggregator tools is because like a CEX the transaction is settle instantly due to LN. Normal atomic swap DEX’s can’t use aggregator properly because in the time it takes the onchain transaction to confirm the price could have moved on the CEX the aggregator was mirroring. XSN using LN means it doesn’t have this issue so can use aggregators properly

>>24361199
I'm going to make this simple for you. Let's say I have litecoin and I want to make an order for 3 BTC, but the liquidity pool with BTC only has 2 BTC available. So part of my order gets filled by the existing liquidity available in the liquidity pool, but the rest of my order won't get filled until a CEX moves BTC to the liquidity pool and the then the BTC gets moved offchain into the lightning network. Where do you think the liquidity comes from to refill the liquidity pool? Again, a lightning transaction can't take place directly from a CEX to the Stakenet DEX, so the transaction has to occur from an existing lightning node connected to the Stakenet DEX that has the necessary liquidity to fulfill the order demanded from the Stakenet DEX.

>>24361340
So what happens with aggregators on any other exchange in your situation? It’s exactly the same and as I said before it’s not just 1 aggregator it’s many of someone’s runs dry another takes it’s place same as aggregators have always run it is no different.

Additionally your so focused on the aggregator you are forgetting other users that are placing their orders on the DEX too, you are not just buying/selling from an aggregator but from other users placing their orders as well just like any other CEX. The aggregators role main role is to fill gaps in liquidity where there are no buy/sell orders to ensure users can always buy/sell what they want at a good price.

>>24361602
The aggregators on other exchanges don't claim to be lightning aggregators. In order for that to work, the exchanges would have the option to take your coins offchain from the wallet at the exchange and then send a lightning transaction directly to the Stakenet order book. However, that's not how it works, which is why Stakenet has to use a middleman in the form of a liquidity pool that has coins that are held offchain so they can be sent to the Stakenet DEX orderbook, but have to consistently replenished to keep up with demand.

>>24361792
Point being? Aggregator bots providing some access to centralized exchanges? The main point is to be able to host it's own orderbook and fill any gaps and provide some extra liquidity from the CEXs.
The higher the volume on the DEX the more aggregators will be interested, and the less volume that will need to come from the CEXs anyway, so as volume increases, the profit taking of bots must decrease as competition increases.
You are raising a non-issue IMO

>>24361938
He has no point to make, he’s just talking in circles like the other fudders

>>24361792
How are you this stupid that you still don’t understand how aggregators work.

XSN isn’t using any special aggregator tech, just normal standard aggregators that are already used on exchanges and have been used on exchanges for years before XSN started using them.

XSN’s revolution is that it settles its transaction with the user instantly. This has not been possible on a DEX before as atomic swaps need to wait for onchain transactions to confirm before the aggregator can make the mirror trade. During that time the price could have moved and the aggregator can make a loss. With XSN however as the user/aggregator trade is settled instantly it can safely make the mirror trade.

> User A buys 1LTC from DEX for 0.1BTC
> Transaction instantly settled with aggregator.
> User receives funds and is done
> Aggregator DEX pool is now -1LTC +0.1BTC.
> Aggregator buys 1LTC from CEX for 0.1BTC.
> Aggregator liquidity pool on CEX is +1LTC -0.1BTC
> Aggregator does not move funds from CEX to DEX or anywhere else.
> User B sells 1LTC on DEX for 0.1BTC
> User B gets funds instantly
> Aggregator sells 1LTC for 0.1BTC on CEX.
> Aggregator liquidity pools on both CEX and DEX and back to being balanced.

>>24361938
Then it's no different from any other exchange order book and it doesn't need a lightning transaction to fulfill an order. The lightning transactions come into play when a user wants to buy tokens at the current price from an existing exchange and in that case, it relies on a middleman in the form of a liquidity provider. Ultimately, my point is that saying it can 'aggregate' from exchanges via lightning is false.

>>24362266
Okay? Good for you mate, it does aggregate from exchanges using lightning, just not in the way you’ve interpreted.

>>24362153
I can't break it down any more simple than I already have. Transactions only have instant finality if they are conducted on the lightning network, but that is limited by the lightning's nodes liquidity. Once the lightning node run out of liquidity, it has to be replenished. You spent a lot of time creating this post, but you still don't seem to understand the constraints.

>>24362266
No it’s not retard.

The aggregator mirrors the exchange its connected to in real time.

Lightning IS needed because the transaction needs to be settled instantly so the price doesn’t move on the CEX.

User buys from aggregator which is mirroring the orderbook of a CEX. As the transaction is settled instantly between user and aggregator the aggregator can then make the mirror trade on the CEX.

If XSN didn’t use LN and used atomic swaps that trade between user and aggregator could take 30+ mins to settle and in that time the price that the aggregator was mirroring on the CEX could have shifted meaning the aggregator won’t be able to mirror the trade on the CEX.

I can’t tell if you are purposely trying to misunderstand this basic mechanic of how aggregators work or you are actually that retarded and simply can’t comprehend it

>>24362316
It doesn't aggregate from exchanges using lightning though as it can't. It aggregates from a liquidity pool that has to be replenished. The liquidity pool is what aggregates from CEXs, but is limited by the constraints of the CEX, which include transaction time, potential withdrawal limitations, etc.

>>24362343
Anyway goodnight jeets see ya. been good. PS you are an idiot

>>24362343
You can just say token not needed. I don’t know why you spend so much time making no coherent points whatsoever

>>24362494
Also, yes the token is not needed. It's possible in the future that XSN team may try some kind of liquidity mining scheme, if they want to attract a pool of liquidity where users are entitled to a portion of the transaction costs and XSN coin. The problem with that is liquidity providers have no incentive for holding the XSN coin they are given for providing liquidity unless it has value in the from of being necessary for transactions for applications that run on Stakenet. The problem is liquidity mining is nothing new, plus provider of liquidity would have to trust the underlying security of the Stakenet blockchain.

>>24350269
based roach

>>24362464
seriously how fucking stupid are you?

I have been using aggregators for years and even set one up on XSN DEX in the open beta when it first launched to test it out.

It works exactly the fucking same as with any other aggregator on any other exchange. There is nothing special about the aggregator as I have been saying this entire fucking time.

The special part is that for the first time I can use an aggregator on a fucking DEX because XSN uses LN to settle the fucking transaction with the user. This means I instantly can mirror that trade on the CEX, that’s it. The only liquidity pools effected are my own and as people are buying and selling the pools stay balanced for the most part.

If one pool happens to run dry then I just move the collected funds from one exchange to the other like I have always done. There is nothing XSN has done out of the ordinary apart from their dex settled transactions instantly Vs other dexes taking an eternity which is exactly why I can use normal aggregator tools on their dex.

>>24362494
>>24362692

Again false, XSN is needed as it provides the decentralised network on which the entire thing runs.

What stores the blockchain data for the lightwallet so you don’t need to download all the different blockchains individually?

What routes your transactions to peers through layer 2?

What ensures that bad actors can’t steal your funds?

This is just a few things XSN does and why Masternodes are needed and why no other DEX can currently compete.

>>24362931
I don't know if I can help you. I think your emotions are getting in the way. Let's assume there isn't a liquidity pool that XSN utilizes for lightning transactions. Well, then by what mechanism is transaction finality settled instantly? That could happen, but for it to happen they would need an account at Binance that has their Coins held offchain in the lightning network; however, that is not possible because Binance doesn't allow that option at this time. So this is how it works: Let's say you have LTC and you want to buy BTC and you see a price on Binance that you want to buy it at. So, you press the button to make a lightning transaction. The way this works is that they buy BTC from Binance from an account they have at Binance and that triggers their liquidity pool that holds BTC offchain to send BTC to your account at Stakenet DEX. The BTC purchased from Binance is either kept at Binance or used to refill the liquidity pool, depending on how large the order is. Either way, Stakenet team needs to keep a pool of liquidity in their Binance account as well as their liquidity pools that are connected to lightning nodes.

>>24363120
Now these questions are good ones. You're starting to think. I'll let you do your homework on that. Good talk.

>golden bull run
>DUMPS
only on Stakenet

>>24363295
You keep going round in circles, I actually use aggregators and I’m telling you that’s not how they work.

My aggregator will mirror Binances orderbook on XSN DEX for the amount of liquidity I provide to it. If I put 1 BTC worth of liquidity into the DEX on either side (buy/sell) and Binance then I will mirror 1 BTC worth of liquidity from Binances orderbook into the DEX.

People buy sell, I mirror trades making tm profit in the spread. If one side runs empty then there will be nothing on the orderbook from my aggregator on XSN and Binances orderbook on that side. Then I just send what I want to where ever I send it to balance my pool. However that’s just me there are other people and other aggregators also running making orders and providing liquidity so nothing goes down and that’s where competition comes in as you are competing for those trades so it’s in your interest to keep liquidity always available. There is not just 1 centralised liquidity pool it’s many made up of all the users doing there own thing.

>>24363910
But it's not. Exactly what I described is what happens. You can't send transactions to Binance via lightning nor can you send transactions from Binance via lightning because it require that both origin and destination have lightning nodes. The question you SHOULD be asking is where the hell do your coins go when you press the button for a lightning transaction. Because those coins are not being sent to an account at Binance via lightning. Can you post your transaction data? Of course not because it is done via lightning, right? How convenient, lol. What happens though if they don't send you the amount you purchased from the liquidity pool they have? You must understand that even though you see on their demo a purchase has been made from Binance, that isn't done with the coins you sent. It's done from an account they have at Binance. You receive your coins (maybe) from a liquidity pool they have connected to a lightning node.

>>24363414
>18 posts by this ID
>all anti-XSN
>been ITT for 8 hours
very tsundere

>>24364248
Why don't you go and make a trade on the """DEX""". No trades in the past 13 hours, nice adoption you got there!

>>24364418
keiko is qt

>>24364165
What in the actual fuck are you talking about. For the millionth time why do I need LN to send between Binance and the DEX? There is absolutely no reason to. The LN part is done on the DEX and DEX alone. User buys from my liquidity on the DEX via LN and that’s it. I don’t need to move anything from Binance over LN.

How are you not understanding this?

When I run aggregators between Bitfinex and Binance on BTC/USDT pairs there is no LN so what do I do?

LN is not needed there because both Bitfinex and Binance are CEX and as such trades are settled instantly but I can’t transfer between them instantly can I? That’s because I don’t need to for every single trade. As I keep saying people are buying and selling so my pools on both exchanges largely remain balanced. If a situation arises where someone buys all my BTC on one exchange then it doesn’t matter as I mirrored the trades on the other so have double the BTC there. Then I just send half of that BTC to the empty pool. I don’t need LN for that same as with XSN DEX. Just send it to the XSN wallet and replenish my channel, done. Simple as that as it is on CEX’s.

Stakenet is an elaborate scam.

>>24364703
>11 posts by this ID
>all mean to stakenet
>ITT for 11 hours
kek

>>24350721
>haha look how people fud haha
wow the delusion, i would NEVER invest in a project with legitimate fud

>>24364998
>BTC cant scale and has no inherent value
>ETH 2.0 coming soon since 2017
>centralized bank Jew coin
>money printer propping up the entire ponzi with fake fiatbux
>t. Jason Parser
>w-were the real Bitcoin
>tranny communists
>Charlie Lee's dumping grounds
>literal who ETH killer in 2020
>robbing you to feed the poor kids in Africa
The Top 10 cryptos, by market cap

>>24364998
So do you think the fud surrounding this project is "legitimate" or what?

Stop wasting your time on non-profitable platforms. Check Pteria, make profit with investment

> DAO that can change the game industry forever with blockchain solutions (Wallem partnership)
> High API (more than 24%/ rewards from staking 2% monthly)
> High token liquidity because of limited max supply (7.2M tokens) and token burn (1% of total supply in less than 2 weeks)

> pteria.org
> t.me/pteria

PTERIA has rising stat (10% for a day) and listed on 5 exchanges: Uniswap, AEX, Balancer, Bilaxy, BitAsset

>>24365226
i want stake to succeed but I don't see any reason it will, and like I always say, I'll only look at this if they release
>>24365224
kek, nice post but you dont have a point
here look

>BTC cant scale and has no inherent value
wrong
>ETH 2.0 coming soon since 2017
correct but just because something is late does not mean its shit

>centralized bank Jew coin
>money printer propping up the entire ponzi with fake fiatbux
correct

>t. Jason Parser
wrong, its needed (i have 0 link btw)

>w-were the real Bitcoin
>tranny communists
>Charlie Lee's dumping grounds
>literal who ETH killer in 2020
>robbing you to feed the poor kids in Africa
correct

I dont think anyone would disagree that the current crypto ecosystem sucks, you dont have a point anon

Ok seems the aggregator mong has finally realised his argument was retarded and has been silenced and we are back to the traditionally equivalent of monkeys throwing shit at each other fud so time for me to exit this thread, have fun

>>24350008
>It's another baseless xsn fud epsidoe
Kys faggot

>>24365418
>'wrong'
>Lightning is a centralized mess from (((Blockstream)))
>'correct but just because something is late does not mean its shit'
>...it's ok if a project sitting on billions of dollars in capital stalls their own efforts a dozen times while pretentiously lecturing the wider crypto space
>'wrong, it's needed'
>except for those multiple batches of 700k

The aggregator works because of INSTANT SETTLEMENT not lightning. Pajeets fudderz don't know what the fuck they're talking about.

>>24366921
>>Lightning is a centralized mess from (((Blockstream)))
never said anything about LN
i dont like LN, but bitcoin has value

>>24362931
>>24363120
Thanks for arguing and explaining how everything works, even if it must be frustrating as fuck. It's frustrating for me too to just watch your conversation with that utter retard. What you're saying makes 100% fucking sense.

>>24367025
>'wrong' - implying BTC can scale
>doesnt like BTC's scaling solution and agrees that BCH and BSV are a joke
>bitcoin has value
>not just a bunch of 1s and 0s that will get btfo by quantum computing

>>24367402
>implying BTC can scale
never said that
>>not just a bunch of 1s and 0s that will get btfo by quantum computing
>WE WILL HAVE FLYING CARS IN THE FUTURE SO NORMAL CARS HAVE NO VALUE RIGHT NOW STOP BUYING THEM REEEEEEEEEE

Fudders never responded to a response to theur shit fud.

>>24367599
>BTC cant scale beyond a relatively small number of participants alone, it's solution is a mess, but it's still supposed to have intrinsic, time-tested value like gold because...?
>i would NEVER invest in a project with legitimate FUD

>>24367837
you're the biggest kind of retard, and if i wasnt bored out of my mind i would have stopped replying to you multiple posts ago

let me explain how you're a retard

>I say one thing with little to no context
>Instead of replying to the general idea of my post
>You start making strawman arguments and start putting words into my mouth

Who the fuck said I hold bitcoin... I certainly didn't say that

>>24367199
No, what he said doesn't make any sense. I just gave up trying to explain things to him. So, the person references a liquidity pool that he can put assets into. Where is this liquidity pool? What is the address? If I add to this non-existant liquidity pool, do I collect fees? What about liquidity mining? The fact is, there isn't a pool, at least not one for Stakenet investors, just a pool for developers. You can look up the amount in the liquidity pools. Right now Stakenet has a LTC node with 32.54264740 in it. This is the channel capacity. Likewise, they have a BTC node with 2.51926943 in it. These are the only liquidity pools that exist at the moment. In the future, they say HUBS will carry liquidity and be entitled to all the fees and perhaps a liquidity mining scheme, in which they receive XSN for providing liquidity. However, in all these cases, XSN coin is not needed to facilitate trades. The trades are facilitated through lightning nodes which have the underlying security of the blockchain they run on. So let's say you have LTC and you want to purchase 3 BTC via lightning swap. You can't because that exceeds their capacity. You see, they also have a wallet at Binance, so they'll reveal the order book of Binance in the Stakenet DEX and the trade is done like this. You press the button. They buy the BTC desired in Binance and then they swap your LTC for BTC via their liquidity pools. Where they run into problems if if you wanted 3 BTC, they can't do a lightning swap for that amount because it exceeds their capacity. They would have to replenish the liquidity in their account by sending it from Binance to their account. You see, they have to keep coins in their liquidity pool and at Binance. The problem is when you exceed the amount in their lightning liquidity pool, the finality of the transaction to replenish their liquidity pool is constrained by the time it takes to send it from Binance.

>>24367199
Furthermore, there may be additional constraints because Binance put restrictions on withdrawal amounts.

>>24367199
Think about current aggregators that work in REAL time like 1inch exchange. So let's say I go on 1inch exchange and I look for some shit token that I want. I notice that the shit token is cheapest on Uniswap, so press the button to make the trade and I exchange one shit token for another, right? I can monitor the transaction on Etherscan and sure enough, I'll find out that the shit token was aggregated from Uniswap. This is not the same type of aggregator. It doesn't happen in real time. At least not with the instant finality of lightning network because it's not possible.

>>24350008
$APE BEING LISTED ON BINANCE SOON, APE THE FUCK IN

https://www.dextools.io/app/uniswap/pair-explorer/0xe6178260a60ee47f0c49f177c7bb990e0455f727

>>24369588
kys pajeet nigger