/biz/ - Business & Finance

I have accepted the defeat. We all knew this was high risk investing, and things like XSN just happen. Some coins, like XSN, end up having 0 value. Doesn't change my life.

>>24588596
>Sadly, the coin is not needed.
Ok, what's the plan for dealing with exchanges when they get hacked as a centralized target? Eg MTGOX or Binance? Both of which have been hacked because there is so much bitcoin in their wallets they are not d e c e n t r a l i z e d

>>24588596
Also team is going to jail. Prepare for imminent rugpull. Thanks Diaper!

>>24588633
DEVS already exit scammed a project called PoSW.

Do not be led into this. This is their second attempt at creating bag holders.

They claim to be a Blockchain with several DAPPS that will be developed on it.

However, Stakenet blockchain is built on UTXO technology, the same tech that DASH and BTC is built on, meaning it can not support smart contracts or EVN compatible tokens.

Right now the Stakenet devs operate three separate lightning nodes. They operate one with BTC, one with LTC, and one with XSN.

You cannot run XSN on BTC lightning or BTC on XSN lightning. It is not possible.

The way it works is when you do a swap with BTC for LTC for example, your fee is in BTC. What they are doing is creating a "wallet" IE not a liquidity hub for ERC-20 tokens and are attempting to utilize offchain technology to do token swaps.

ERC-20 tokens are incompatible with UTXO blockchains, so there is not interaction with XSN unless a swap is performed for XSN for another token. Other than that, there is 0 UTILITY. So ask yourself, why would you hold XSN token if the ONLY utility is used for swaps for one asset for another.

You don't require XSN to use their wallet and instead can have any asset, (assuming they create their DEX), so it makes no sense to hold XSN.

Developers who scammed those in PoSW are claiming that those who run Masternodes, will have so-called liquidity hubs. This is SIMPLY not possible unless liquidity is held in XSN. Do your research. Furthermore, they use a governance protocol in which they hold many masternodes to vote to fund themselves from the treasury to fund their operations.

However, this code is not open sourced and has never been audited. There is no record of what is being done. Remember, these same developers were responsible for the PoSW coin. Do your research before you give these scammers money. XSN coin has NO value.

Look at PoSW, people lost a lot of money, sad!
https://coinmarketcap.com/currencies/posw-coin/

Team donated to BLM. Don't touch this hit or they will take your money and give it to BLM as well.

>>24588596
sneed

>>24588596
>>24588644
Gay fud and copypasta. Have saved this for Hydra and I will continually post this copypasta lmao seethe

X9 devs market sold 700k to buy kebabs and krokodil

>>24588596

The telegram is extremely depressing and deluded. Nobody is going through 15 steps to use your special snowflake wallet. I'd rather wait the 10 seconds for my ethereum transaction to go through.

>>24589729
>15 steps to use your special snowflake wallet
Haven't seen this fud in a while

>>24589162
prove it

>>24589902

>>24590015

>>24590043
i posted PROOF that XSN is a SCAM. LOL!! not spoonfeeding you anymore

>>24590089
holy shit based
why arent more people on biz like this legendary anon? x9 posw pnd scam team

>>24590015
you almost had me there for sec, but it's hard to believe that ukranians care about niggatry

>>24590098
you forgot to reset IP. I'm totally team fud, newfags shouldn't get in but atleast try better even newfags can spot how bad your fud is.

>>24590116
But 3 years?

lmao 5 XSN threads at once this is too bullish

>>24590194
3 years and their progress has risen exponentially. Look how fast connext is being integrated, dropping raiden was a good move.

>>24590286
we had 11 BLUE threads yesterday, don't go for that metric. The best metric is 3:2 shill:fud. The golden bull ratio.

>>24590315
Fair play, point taken.

>>24590089
>>24590098

REPLYING TO YOUR OWN FUCKING POST HOLY FUCK YOU ARE A WASTE OF A HUMAN BEING PLEASE NECK YOURSELF IN MINECRAFT YOU PIECE OF SHIT

>>24590301
LOL.

A). COIN is not needed. It's not POSSIBLE. LOL. The blockchain is built on UTXO blockchain tech. SAME AS BITCOIN. LOL

Can you run smart contracts on BITCOIN???

NO!!!!

So how in the FUCK is it gonna "referee" anything when IT CAN'T RUN SMART CONTRACT LOGIC????

The coin has NO VALUE.

The team already EXIT SCAMMED on PoSW.

Worse, THESE PIECES OF SHIT OWN MOST OF THE MASTERNODES AND VOTE THEMSELVES TO HAVE COINS MINTED to GO TOWARDS their "PROGRESS," but UNLIKE every single competent project in crypto, THEY ARE CLOSED SOURCE AND UNAUDITED.

WORSE, these SUBHUMAN PIECES of SHIT CLAIMED IN THEIR LAST MEDIUM ARTICLE TO BE OPEN SOURCED. LOL.

OPEN SOURCE????? WHERE THE FUCK IS THE CODE?????

YOU FUCKING LYING PIECES OF SHIT

With such btc pumping more people try to find good platforms and alts
Recently came across DuckDAO, do you know anything about it? Seems like it is the first crypto incubator with a well-build tokenomic.

>>24590921
thanks for the free bump but sneak shilling a scam pretending not to know anything about it is a faggot move.

>>24590898
Copypasta spammer.
You also are a liar, and making points that are utterly irrelevant to Stakenet. If someone reads your seethe and believes it then that's on them lol.

>>24590987
LOL.

What did I say that was wrong. BREAK IT DOWN.

DID the devs exit scam at least one project called PoSW???

YES

Is the code open sourced???? NO

Can the blockchain run smart contracts???? NO

So break it down. What the fuck did I say wrong????

Do they not vote themselves to pay themselves by minting coins from the treasury????

LOL. THEY DO. THEY ARE FUCKING SCAMMERS.

>>24591146
https://bitcointalk.org/index.php?topic=3417899.0

Proof of exit scam? Looks like a smooth migration from pos coins to xsn coins

>>24591146
Calm down with the caps, you lil turn nugget.

Nobody is gonna take your b tier fud seriously if you have the temperament of a five year old jew.

>>24590898
>blablabla PoSW blablabla utxo blabla
dismissed for redditspacing.

>>24590098
idiots kys

It's unaudited and the code is private. These are facts.

>>24588596
FUCK NIGGERS
FUCK JANNIES
FUCK TRANNIES

anyone fudding XSN is a schizo who has forgotten to take their meds.

Probably the same schizo fudding VIDT.

>>24591298
Your mother is a whore and she should have swallowed you instead of birthing you.

This is a fact.

>>24591348
>ID: 10SAViRo
Savir, sir thank u. the needful!

>>24591146
>Did they exit scam PoSW
No they did not. X9 were contracted to develop a blockchain for PoSW. Website was hacked (nothing to do with X9), the team then ditched the project, X9 tried to keep it going then migrated it over to a new project XSN with the smoothest possible transition they could.
>Is the code open sourced
Here's where you are making non-issues, it does not matter that the code is closed-source for now. It will be made open source upon release, this has already been said. It is completely normal for a product in Beta testing to be closed source.
>Can the blockchain run smart contracts?
Not directly, though this doesn't mean it can't process logic, and also Connext integration will mean that the DEX can communicate with smart contracts.
>Do they not vote themselves to pay themselves by minting coins from the treasury????
A fair amount of the team have confirmed that they do not own masternodes. A very small number of nays would prevent them from receiving funding so it's a fair democratic system that stakeholders approve their funding from the treasury, that receives a % of block rewards.
>THEY ARE FUCKING SCAMMERS
They aren't, you have no evidence of this
There you go, a comprehensive list of why you are a liar and also an idiot.

Who to trust on technical aspects? Biz shitposter who spends every minute of every day seething over XSN or Charlie Lee?

>>24591409
>doesn't realize it almost spells savior
ngmi
>>24591333
I fud when I feel like you guys are spoonfeeding the newfriends too much. But today I don't feel like fudding.
How can you compare this gold nugget to trash like vidt?

XSN yönetimi ve hazinesi projenin kişilerden ve kurumlardan bağımsız olarak devam etmesini sağlar. Geliştiriciler/yöneticiler değişse bile masternode sahipleri ve stake edenlerin çoğunluğu projenin gelişimini fonlamaya ve yönlendirmeye devam edebilirler.

>>24591736
WTF are you even talking about??? LOL

You eat a load of bullshit from the devs when they are actually TELLING you what's what, but you choose to ignore it.

It's mind boggling.

All UTXO blockchains can do are transfers. They are essentially payment networks. There is no "interaction" with smart contracts.

It's a fucking token swap. Smart contracts are logic that is input that executes a contract when certain conditions are met, but that's only possible with SMART CONTRACT COMPATIBLE blockchains.

XSN is NOT SMART CONTRACT COMPATIBLE.

Just like BTC isn't. All layer 2 solutions do is allow it to do a token transfer. That's IT. LOL, No smart contract logic is needed.

But the DEVS are lying and misleading you to believe they can run DAPPS of any value on this UTXO blockchain, incapable of running smart contracts, but THEY CAN'T.

That's like saying you can run smart contracts on BTC. It's NOT POSSIBLE.

>>24591736
lmao anon, you are the saddest newfag ever
whatever, defend your bags but I bought this shit in 2014, 2017, made a few K off it on topia and I can tell you this shit coin POSW, XSN or whatever the fuck its called now have will 100% pump, thats what it does, but it will dump.

The devs are nothings, they aren't scammers, but they are not vitalik or sergey.They can't rugpull cuz it aint defi shit but they aren't developing anything real here dude lmao. don't delude yourself into thinking its the next link when it gets pump and dumped every single cycle

>>24592606
You bought XSN in 2014 did you? Seems unllikely.
>they aren't developing anything real here dude lmao
I'm sorry that a DEX running of decentralized masternodes facilitating L2 swaps with native assets isn't 'real' enough for you, but it currently is a market niche that doesn't exist. You talk about market cycles yet there hasn't been a single one yet where Stakenet's product has been released so IMO your extrapolation is invalid.
>>24592586
There are UTXO blockchains facilitating more advanced validations and logic, Komodo's CC comes to mind, or EUTXO. Hybrid blockchains that are able to combine UTXO with Account models such as Tron.
I know that it's not easy to make UTXO Turing-Complete but that doesn't mean it can't process any logic, just so you know.