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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 891 KB, 1024x683, xsnbaseddepartment.png [View same] [iqdb] [saucenao] [google]
21202941 No.21202941 [Reply] [Original]

Decentralized Finance or "DEFI" has become a hot trend, but it's not a new concept. In fact, Satoshi created Bitcoin for the explicit purpose creating a DEFI environment where people could be their own "bank."
Anyone in crypto during the 2017 bull run knows Bitcoin was not able to accomplish this goal.

According to https://bitinfocharts.com/comparison/bitcoin-transactionfees.html, at the peak on December 22, 2017, the average Bitcoin transaction fee was $55.16 USD. If you bought $100 worth of Bitcoin on Binance for example, it would cost you $55.16 to transfer it to your wallet. Over 50% of your value was gone to fees. In addition, due to network congestion, miners were unable to keep up and transfer speeds were extremely slow.

To fix this problem, Bitcoin invented Lightning Network ("LN") and Ethereum invented Raiden Network ("Raiden") as Layer 2 solutions to solve the above problem. These solutions work well and accomplish their intended purpose, but adoption is still low. There are no practical applications to bring these innovations to the mass market.
XSN’s purpose is to leverage LN and Raiden to create DEFI suite of applications to ultimately accomplish Satoshi’s original goal. The first major implementation, was Trustless Proof of Stake, which allows users to stake and earn while remaining offline similar to the way their cash or investments earn without constant involvement.

>> No.21202953

More recently, XSN has created the World's first DEX with LN and Raiden integration. XSN has bridged the 2 to allow seamless peer to peer instant swaps that are essentially feeless. See this video for further explanation: https://www.youtube.com/watch?v=e2MKOXXg048..

All other “DEFI” projects are on chain, and therefore vulnerable to the commercial problems inherent in Bitcoin.
There are some projects attempting other innovations, such as side-chains, but they have security issues. See describing L2 vs. Sidechains - https://twitter.com/XSNofficial/status/1291064516856299525

>> No.21203008

Why don’t you call it by its original name, POSW?

>> No.21203046

>>21203008
Because it's not POSW, that was a different project with a different team. POSW holders are very lucky Stakenet took over, saved a lot of people's money.

>> No.21203446

>>21202941
PIECE OF SHIT
PIECE OF SHIT
PIECE OF SHIT

>> No.21203652
File: 25 KB, 306x240, C6E56485-ED90-45A1-B18A-BD81FC80B97A.jpg [View same] [iqdb] [saucenao] [google]
21203652

>>21203008
>>21203446

>> No.21203710

>>21202941
>XSN pajeet shill literally envisions himself as a sanitional worker cleaning shit off the street
Do you do it for free too?

>> No.21203907
File: 32 KB, 311x355, skadoosh.jpg [View same] [iqdb] [saucenao] [google]
21203907

>>21203446
>>21203710
Seethe harder skadoosh, you should have bought back in.

>> No.21204035
File: 139 KB, 750x1334, le shitcoiny.png [View same] [iqdb] [saucenao] [google]
21204035

>>21203008
>>21203446
>>21203710
you have to go back

>> No.21204043
File: 220 KB, 513x787, 1566851086463.jpg [View same] [iqdb] [saucenao] [google]
21204043

>>21202941

>> No.21204137

>>21203008

20 inches of rope is all you need Skadoosh

>> No.21204160

>>21204035
>posting a screenshot from reddit
>telling anyone else to go back

>> No.21204195

>>21202941
why does the wallet give 14 "false positives" ?

>> No.21204267

>>21204160
>t. r/Bitcoin mod

>> No.21204296

>>21204043
Kek, i almost feel bad for the 0.01% of blacks who aren't niggers.

>>21204195
I've had 0, your AV must be shit.

>> No.21204475
File: 77 KB, 1903x966, 1596963994472.png [View same] [iqdb] [saucenao] [google]
21204475

>>21204296
maybe your av is shit you faggot

>> No.21204531

You had the equivalent time of two rotations of this planet around the closest star, also known as Sol.

>> No.21204543

>>21204475
Had xsncore for over a year now, no problems. Get better software.

>> No.21204714

>>21204543
>never heard of virus total
>15 separate platforms detect problems
>my antivirus that doesn't detect any problems must actually work better

ngmi gl retard

>> No.21204738
File: 108 KB, 490x678, chadczxsn.jpg [View same] [iqdb] [saucenao] [google]
21204738

>>21204714
Your AV is shit if it can't tell the difference between legit malware and based xsn chads.

>> No.21205087

>>21204035
LMAO even your phone know you’re a virgin! Have sex incel

>> No.21205509
File: 435 KB, 305x205, 1596936361637.gif [View same] [iqdb] [saucenao] [google]
21205509

>>21203652
i bet dave c. holds several link (LINK) tokens

>> No.21205665

Can't be real. I need to read

>> No.21206248

>>21205665
yes you do. and fast. you have less than 3 weeks to get in before the first big pump. Next will come in a few months with the full raiden integration. After that we're on a rocket ship to Alpha Centauri

>> No.21206462

we need more ppl trading, this shit isnt gonna take off soon. It has almost stopped, you know what happends afterwards, right?

>> No.21206760

>>21206462
i dont understand. volume is at 2mm. up 100% today on livecoin according to coingeko?

>> No.21206848

>>21206248
well yes, IF there is no technical problems on the way.
Cant believe ppl are actually spending a small fortune on investing in One project. Stupid.

>> No.21207011

>>21206848
going all in on anything is stupid. I see xsn as high risk high reward -- either it works or it doesn't -- and if it doesn't its going to zero but if it does, then the sky is the limit

>> No.21207162

>>21207011

Rofl. You can test the fucking dex now.

Fucking thing works

>> No.21207241

>>21207162
yes, you can do some swaps, but the project is faaar from complete. look at the roadmap. This thing isn't fully operational until the its run by the masternodes, which has to be well over a year away. So much can go wrong/happen between then

>> No.21207344

I'm sitting on 3 MNs waiting for this to moon. I've been in for 2 years now. The upside is too big to ignore.

>> No.21207859

>>21207241
It's gonna pump 10x before that for sure. Just get some gains out in time but always keep some (ideally a masternode) in in case they deliver.

>> No.21208418

>>21207241
Cope, DEX alone is huge. Everything else is a bonus.

>> No.21208504

>>21207241
Ahahahah lol look at this cope.