/biz/ - Business & Finance

>>25827794
>Exit scammed PoSW
>Didn't have any institutional interest or investment and no ICO (can be verified on Messari)
>Submits votes for themselves to mint more tokens, so they can dump on investors to pay for their 'operations' in textbook Principle Agent Problem

XSN token will never be needed. You can use the no volume, closed source, 'DEX' right now without XSN. Why? Because it doesn't require XSN and XSN is incompatible with a separate currency network. For example, you can't transact in XSN on BTC lightning. That's not how the network works.

How does it work? Well let's say you want to swap BTC for LTC via lightning. The developers currently own and collateralize a BTC and LTC lightning node, so if you want to trade BTC for LTC via lightning, you rent one of their channels where they receive 100% of the transaction fees that are required in the token that is being sent for a swap. So if you want to swap BTC for LTC, the fee is BTC.

THERE IS NO XSN INVOLVED IN THIS PROCESS NOR WILL THERE EVER BE.

Furthermore, developers say there will be DAPP developers that will drive utility for this token. However, this is a UTXO based blockchain which is EXTREMELY LIMITED and NOT EVM compatible, so there will NEVER be DAPPS.

So to summarize: TEAM EXIT SCAMMED PoSW. DUMPS ON INVESTORS TO FINANCE SCAM. XSN COIN NOT NEEDED.

>>25827794
XSN is still massively undervalued.
Cap this. I don't mind.

>>25827823
yawn.

>>25828110
It's actually pretty smart how they intend on scamming.

What they did is they formed an LLC called Stakenet.

So that way, when the EXIT SCAM AGAIN, LOL, DOING THE SAME EXACT THING THEY DID WITH PoSW, they can just SAY X9 were CONTRACTORS to limit liability.

LOL!!!!

HOW FUCKING STUPID CAN YOU BE????

YOU JUST CAN'T MAKE THIS SHIT UP!!!!

LOL

LOL

LOL

What's EVEN FUNNIER???? You're not only gonna believe this shit, but you're gonna DEFEND THEM with your HONOR!!!!

WHAT A FUCKIN IDIOT!!!!!

Xsn is doing great today. Volume has risen massively, already at 234k.

>>25828266
Checked but your ID cinfirms you are a. Pajeet.

>>25828812
yep.

Fudders losing their mind !

>>25828951
Everything I said is 100% correct and verifiable. I'm pleased to help out unsuspecting investors and protect them from this scam.

We should all strive to identify obvious scams in this sector.

>>25829369
how much did you lose by panic selling, stinky brownie?

>>25827823
>>25828266
>>25829369

>Pic related

1 MN chad here. Would be ironic if XSN is the the one to maintain my portfolio value.

>>25830420
Me too, ive held through all the fud and bullrun. would be great to actually have a winner here for once..

>>25830752
For you OWN good, buy something else. Are you crazy? What are you going to do with your masternode? You think you can run a DEX in a BTC lightning currency network?

To do that, you need BTC. Do you have $50K of BTC? No? Then, how are you going to run a DEX?

This isn't like Ethereum where you have smart contracts that can hold liquidity pools. It's not like someone is going to trustlessly deposit pools of liquidity in your node because A) it's not possible and B) why would they?

Think about it. This is supposedly a Dex but each hub is going to get a karma rating? LOL??? What???

Be safe, put your money in ETH if you don't want to lose all your money. Either that or do better research. Find projects that were attractive enough to find external investment and could run an ICO. Look at the utility of the token.

Look at the team. This team literally exit scammed. Do you really trust them? You think any institutional investor would trust them? OF COURSE NOT!!! And they didn't. They got no institutional investment.

Be safe.

>>25827823
>wildly gay mixing stuff up and single digit nonsense

The beauty of the whole system is that XSN is not enforced to be used to use the DEX. This will make it way more attractive to use

Moreover XSN doesn't gain value from transactions within the network, but from being necessary to host a masternode, which will later on earn dex trading fees

>>25832126
Yeah bro, like totally.

People will also live on Mars like total recall.

when raiden?

>>25832126
Don't waster you time he is a seething blockek dev

For those that don't know blockeks wrote a bot that lets them know anytime anyone mentions them. Problem is no fucker does because nobody gives a shit about blockeks so they have add XSN/Stakenet to it's keywords and now spend all day shitposting XSN.

Why? Well because they are seething that XSN is getting attention and they aren't so they are doing what they can to discredit it. Another reason is they also sold the absolute bottom and now seething about everyone else going to the moon.

>Lucien made the blockek mentions bot
>Lucien sold the bottom at $0.08
>Lucien is seething
>Stakelords to the moon
>Lucien to the rope

>>25832306
i'm all in on XSN, gonna make it

>>25832306
lol, at least now we know where it's coming from.

>>25833391
Funny that they even held XSN instead of their own shitcoin

HOW DOES IT FEEL MY FELLOW XSN CHADS. SOON WE'LL ALL BE FUCKING RICH NEETS, HOLY FUCK I CAN'T FUCKING WAIT TO TAKE A BIG FAT DUMP ON SOCIETY WHILE IT FUCKING BURNS, HAHAHAHHA.

>>25834007
CASE in point. Look at the IQ level of holders.

>>25834291
Exactly, extremely high mother fucker.

Just wanted to share a coin not really bleeding during this massacre

>>25827794
bump

>>25834291
Hahahahahah

>XSN go brrrrr

>>25827823
>pic related is the fudding fudder
السلام عليكم

Live Coin hack was a Perfectly hatched plan to BTFO of fudding swingies while simultaneously making people realize that there's a fully functional LN DEX to use instead. Essentially BTFO of two birds with a single hacking russian. Perfect, and unironically bullish as fuck. (not for swingies though kek, enjoy watching your frozen xsn in Cryptopia 2.0)

It was night of the long knives. Only long term holders loyal to the dex will make it. Kikes attempting to day trade for a measly profit on the trap cex laid for them were eliminated.

Their timing is perfect as the CEXs have already shown that they shit the fucking bed during times of high traffic.

>XSN is not just inevitable. It is necessary

Fuck blocknet cucks

>>25834773
You did a good job, bruh

XSN stands for excess niggers.
Don't buy this coin.

>>25835465
Thanks just sold 420MNs

>>25831682
Let me guess LOL
Your suggestion is that people invest in Blocknet instead? :D hahaha
A project with no community for obvious reasons (it's going nowhere)
A project where their Dex currently has the same trading volume as Bitconnect.
A project that is run by a handful of naive little blond girls that got fist raped by CZ like the little bitches they are??
A project where the community members (the few they have) are more interested in buying XSN and then market sell at all time low and posting it in their Discord LOL.
A project that flip flops as the wind blows. One day L2 sucks and is not needed cuz we do onchain and 30min TX is fine for mass adoption LOL.
Next day uh oh we will do L2 also.
A project where the "devs" are spending half their time shit posting on biz and MAYBE the other half coding on their onchain stick structure of a Dex LOL.

Normally there is no need to beat a dead horse.
But calling Blocknet a horse would be a insult to horses.
It's a dead Donkey and I love beating Donkeys.

>>25836252
let the blockkeks be blockkeks we can laugh their lack of gains on the way to the moon

>>25836252
I still don't know who the fuck thought having to download wallets for ALL the coins you want to trade on BlockDX was a great idea.
I mean, if I want to trade LTC for DGB i have to download the "dex" AND the 2 wallets separately. Who the fuck would do that? ROFL
And its not even larping or fud, is literally on their Youtube channel.

>>25836838
and wtf they now have a broken dex because they can't even standardize FOLDER NAMES! ROFLFLFFL
this is a shitshow. It's just sad, desu

>>25835465

>>25831682
Do you get paid to post these text walls in evwry xsn thread?.. i think YOU dont get how it works

>>25836838
Hahahaha you got to be kidding me??
I'm dying LOL
Now I almost feel sorry for Blocknet and the things I wrote.
I was kinda half joking on a few of the things I wrote.
But now you are basically showing me things are even worse IRL then the things I thought I was joking about hahahaha OMFG.
You just can not make this shit up!
No wonder Bitconnect currently has a bigger community then Blocknet.

Maybe we need to stop this? .
It would be sad to see their last handful of hardcore disciples leaving if they read this.
Also it would be like shooting ourselves in the feet, if we have no one bumping our threads while we focus on the things that matters.

>>25838062
If you're smart and resourceful, maybe one day you can figure out why it works. I gave you some great advice.

Don't get at mad at me for delivering a message that you don't want to hear. It's better you understand this now than later when, your investment ends up being worthless.

Really think things through. Just consider the competitors in this space and realize that not only have you committed capital to a team that exit scammed PoSW, but that also operate on obsolete tech and are essentially broke.

Competitors in this space are well capitalized in comparison to Stakenet. A good tip, never bet on a team that's broke and relies on pumping the price to finance their operations.

It's a bad bet.

>>25838062
If you're smart and resourceful, maybe one day you can figure out how things work. I gave you some great advice.

Don't get at mad at me for delivering a message that you don't want to hear. It's better you understand this now than later when, your investment ends up being worthless.

Really think things through. Just consider the competitors in this space and realize that not only have you committed capital to a team that exit scammed PoSW, but that also operate on obsolete tech and are essentially broke.

Competitors in this space are well capitalized in comparison to Stakenet. A good tip, never bet on a team that's broke and relies on pumping the price to finance their operations.

It's a bad bet.

>>25836252
No, can we say false dichotomy for $500?

What if I told you I have 0 affiliation with Blocknet. Makes your ad hominem attacks look pretty stupid, doesn't it?

Just because you apparently feel insecure about Blocknet, doesn't make it any less true what I said about Stakenet.

Not sure what your point is with this post.

>>25838674
ANSWER ME!!!

How exactly did the XSN team “Exit Scam” POSW?

>>25838674
>>25838791
This is the gayest reddit shit I've seen lately. A donkey could swing this Bitfinex listing and earn a x10 and this sucker keeps pasting weird nonsense textwalls like some transexual

>>25838987
He can’t
Because they didn’t

I have an idea. I think I'm going to create a company I intend on exit scamming from. I'm going to call it Shitnet. It's going to be a PoSW (piece of shit wallet) blockchain.

This what I'm going to do, I'm going to create one company that issues the actual blockchain and currency, and instead of hiring internally, offering job positions, I'm going to contract out a team of developers. I'm also going to be part of that development, team but they are two separate legal entities. I'm gonna call that K9.

I am going to use Shitnet to market a bunch of misleading bullshit to unsuspecting and gullible investors while paying K9 'contractors' in SHITNET SHIT TOKENS.

Then when the I EXIT SCAM after K9 scammers couldn't 'figure out how to add utility to the coin, but they tried really really hard, as evident by their pages of bullshit, I'm not going to have any connection or liability to SHITNET because I just CONTRACTED out the work.

Is that a pretty good idea for a fucking scam or what????

>>25839248
COPE!!!

LOL!!!

JUST DON'T GO SHOOTIN UP A SCHOOL NOW!!!!

NEVER GO FULL WOJAK!!!!!

5 node holder. As comfy as it gets.

>>25839524
But that doesn’t answer how they exit scammed out of POSW like you keep claiming. You keep saying they have already exit scammed out of a project POSW but are failing to answer where the actual exit scam was.

All POSW coins where converted to XSN, nobody lost coins and they have carried on development for over 2 years now.

Also they have worked with Litecoin, Raiden and Connext Devs all of which have praised their work which they have seen first hand so if this is an exit scam it’s the most elaborate and long winded exit scam in history when they could have just exited years ago and saved themselves all the hassle.

Your argument literally makes zero sense.

>>25839868
Listen, son. Yes, that's right, I just sonned you.

Listen, son, you gotta raise your level. I brought it down to the lowest level I could go.

It's time for you to raise your level. If you operated at a higher level, you wouldn't be a future victim of this scam.

I know you're trying your hardest to think of ways to justify your investment, but at the end of the day, this is a scam and you're gonna lose all your money.

I don't what else to say. I just hope that you didn't invest more than you could afford to lose. When something seems too good to be true...well...I think you know the rest.

And don't get mad at me. I'm not the one fucking you over. In the future, you'll think back and realize that man that sonned you was a good man and was only trying to help.

Good luck.

>>25840015
So you can’t answer the question despite repeatedly claiming they have already exit scammed from POSW and yet you can’t show where they actually did.

>Pathetic
>Stay losing
>Stakelords to the moon

>>25840128
Sigh, the delusion is strong with this one. I'm afraid that you can't be helped.

The PATIENT IS DEAD.

But just in case you're not dead, some good advice for you would be to buy some Eth right now as it just took a dip.

You'll thank me later for this if you act upon this advice. You got to stop being delusional.

>>25840015
TL;DR;

>>I am a raging faggot and can't even come up with a half assed response to the questions, so I write five paragraphs of gobbledygook.

>>25839234
Transsexual confirmed

>>25840310
>Is proven wrong
>NO NO NO YOU ARE DELUSIONAL SON YEA THAT'S RIGHT YOU'RE MY SON!!!
>Come up to my level and you'd be able to make shit up in your head and believe it too
Go back to XSG with your schizophrenia, and take your Lithium whilst you're at it.

>>25840476
>1 post by this id
Thanks for the bump :D

Listen to FUD biz and you stay poor

>>25840310
>12 posts
>brown ID
>never a decent argument

why do you keep trying with this week fud? It's getting sad.
do something good for once and clean your mom's basement. You've been living in filth for a long time to spit shit like this.