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

/biz/ - Business & Finance

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22925060 No.22925060 [Reply] [Original]

All the big players in the industry still pretend that XSN doesn't exist, yet every week there's a new ICO hypecoin that copies off of XSN in some way. CEXs like Binance happen to coincidentally go all in on these poser tokens and get directly involved in "buidling" them. A week later, they repeat the same process from scratch.
Isn't it odd to you how, even though Stakenet was years ahead of their time in building these defi solutions, all the CEXs that larp about "cultivating startups with integrity" have done nothing but snub XSN and back food coins?
Using Bitcoin or Ethereum's layer 1 to swap assets is a dead-end. Both networks are already too congested as-is and there's no way in hell they can serve their intended purposes as P2P cash and executing smart contracts respectively while handling the bloat that comes from trading altcoins at high volumes.
Use of layer 1 should ideally be made as well-optimized as possible. Reduction of on-chain bloat is reduction of fees and on-chain wait times.
ERC-20 tokens that attempt to build a trustless swap DEX using smart contracts at L1 on Ethereum are an equally futile effort, and yet... CEXs go all in on backing and hyping them.

Bitcoin and Ethereum scale best on Layer 2. XSN has been building towards this approach since 2018 and, more recently, they've been collaborating directly with the Raiden devs in doing so. Most scoffed at the notion of using L2 for a long time. Ever since Uniswap demonstrated how bad L1 is for real-time DEX trading, the industry gatekeepers are suddenly aware of L2 and how significant it will be in making proper interchain bridging infrastructure.
I still think they will ultimately give in and back XSN and that most of these interim tokens are a distraction. They're indirectly priming the whole crypto space to get excited about what XSN is just about finished building. For all that promotion, XSN paid them 0 dollars.
Get your MNs in before Raiden. It's very close.

>> No.22925134
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22925134

/biz/ doesn't deserve this.

>> No.22925159
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22925159

>> No.22925223

Why do you guys have to shill this so hard if it's a good project?

If it was up to me I wouldn't let anyone know and laugh when it moons, but instead you have to make these threads every single day in an attempt to stop it from bleeding out.

>> No.22925825

>>22925223
Cope. Why does Link get shilled so hard? Don't be a retard anon.