/XSN/ Stakenet General

[Anonymous No.24018972]

>What is Stakenet(XSN)?
https://pastebin.com/jiMdEAN8

>How do I buy XSN?
https://i.imgur.com/13KzQ3n.jpg

>Whats the easiest way to set up a Masternode?
https://www.youtube.com/watch?v=x9_YdU8vWrU

>Official Site
https://stakenet.io/

>Whitepaper
https://stakenet.io/Stakenet_Whitepaper.pdf

>Lightpaper
https://medium.com/stakenet/stakenet-light-paper-56552f8c07a2

>XSN DEX Volume
https://orderbook.stakenet.io/monitor/xsn_btc

>Good Community site
https://stakenet.info/

>Masternode History
https://stakenet.info/masternodes/history

>Latest Development Update
https://medium.com/stakenet/xsn-core-update-nov-1-2020-b6f648d5bdcd

>Additional reading

>Quick rundown
https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105
>X9's contributions to LTC
https://medium.com/stakenet/litecoin-foundation-and-x9-developers-announce-collaboration-510ca985b6
>Exertive Proof of Stake
https://medium.com/stakenet/exertive-proof-of-stake-epos-4a999807f9e4
>Great write-up of Cross Chain Proof of Stake (i.e. stake XSN, receive BTC)
https://medium.com/stakenet/posw-weekly-ccpos-cross-chain-proof-of-stake-de1ac87055cd
>The Cypherpunk Standard of Banking
https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180

[Anonymous No.24019172]

>>24018972
gonna use this lull n dip to get some more nodes

[Anonymous No.24019333]

>>24018972
15 master nodes feeling comfy

[Anonymous No.24020027]

>>24019333
Checked and based I picked up another node the other day. Youre going to make it.

[Anonymous No.24020040]

>>24019333
Checked.
>>24019172
>>24020027
Very nice boys.

[Anonymous No.24020243]

>>24019333
Checked

[Anonymous No.24020396]

[Anonymous No.24020593]

>>24020396

[Anonymous No.24020768]

WAGMI bros

[Anonymous No.24020816]

>>24020768
most of us will but some of us won't
pic related

[Anonymous No.24020952]

Scam? Where is kind anons to tell me not to buy scams?

[Anonymous No.24021028]

>>24020952
scams dont get digits like these

[Anonymous No.24021809]

>>24021028
I think the link maxis are still mad stakenet took those digits.

[Anonymous No.24021933]

>>24021809
Nah bros don't hold grudges
We took some digits, but for it, Stakenet DEX is gonna be the definitive LINK exchange.

[Anonymous No.24021955]

>>24021933
Checked, i guess. Although some people are fucking retard , see crypto twitter.

[Anonymous No.24022007]

3 masternode master race checking in.

[Anonymous No.24022056]

>>24021955
Checked. Twitter is pretty retarded in general. Crypto twitter is mostly a circlejerk for BTC maxis.
>who else HODLing the future of money?! #hodl (10k likes, 8k RTs)

[Anonymous No.24022152]

>>24022056
Yeah fuck those faggots.

[Anonymous No.24022471]

Do you guys reckon a lot of the btc money will flow into XSN after this little bullrush of their?

[Anonymous No.24022576]

>>24022471
This run will be unprecedented, but an amount will. Hopefully it's a good amount once the DEX is ready.

[Anonymous No.24022598]

>>24022471
Soon

[Anonymous No.24022603]

What’s it going to take for XSN to really take off? No major exchange will likely be willing to list it, how are they going to get exposure?

[Anonymous No.24022627]

11usd?
I have been justed by this shit

[Anonymous No.24022632]

>>24022603
Raiden swaps will make them take off. SSUI + raiden = ez money

[Anonymous No.24022654]

>>24022152
It was pretty funny how LINK gained influence on there by using sockpuppet handles like "moms 4 chainlink".
A lot of the prominent handles got mad at first but eventually they either backed down completely or joined them. Same goes for redddit.
Even though there are a good number of Linkies among us, Stakenet's backing is humble by comparison.
Some say XSN needs to get listed on a big exchange. I think it's more important that it receives validation from those gatekeeper types who tend to snub anything they aren't already familiar with.
>show "Lightning enthusiasts" the DEX executing trustless BTC/LTC Lightning swaps
>them: gtfo with your shitcoin! downvoote
>some pizza business plugs in a Casa node and says it's "the future"
>them: soi face 5000
All it will take is one prominent figurehead to say "hey, that's pretty cool" to turn the tide.

[Anonymous No.24022769]

>>24022654
As soon as we have a LINK pair on the dex and show /biz/ a demo, then things should get going.

[Anonymous No.24022965]

>>24022471
I think XSN's summer pump puts it on a good track to pump significantly higher in 2021.
>>24022576
The fact that BTC is rebounding tells me that alts will rebound as well. XSN is in mostly undiscovered territory and, a result, could very well have an XRB-style pump out of nowhere.
>>24022627
Next few weeks will probably offer one of the best buying opportunities you'll see for XSN.
>>24022769
>>24022632
It will certainly help. A lot of people used to buy LINK on Etherdelta and IDEX and they weren't exactly DEXs to write home about.

[Anonymous No.24023143]

>>24022965
lmao that pic related must have been feeling like shit if he didnt buy

[Anonymous No.24023187]

>>24018972
>no cheap XSN right now because i sold BTC at 13k and XSN is only going down in sats and not in price

[Anonymous No.24023472]

>>24023143
He was wise. Back then most people on /biz/ thought the GBR was just gonna keep going.
>>24023187
Yeah but if BTC dips at this point, it will probably fulfill the classic "BTC goes up, alts go down, BTC goes down, alts go down" prophecy and that might open up a nice window to get in.

[Anonymous No.24023858]

>>24022965
>Next few weeks will probably offer one of the best buying opportunities
This thing went down from 40 cents to 11 cents

[Anonymous No.24024063]

>>24023858
But the dip chaps. I’m around 50% down in total on XSN, can’t wait for that number to go big green

[Anonymous No.24024075]

>>24024063
*buy

[Anonymous No.24024335]

>>24023858
A lot of alts and DeFi coins (i.e. UNI) pumped in the weeks/months after the halving, then they bled when BTC began climbing back up again.
Same thing happened with alts after the 2016 halving. They pumped, then they bled, then they pumped a lot.

[Anonymous No.24024549]

>>24024335
Sounds promising. My hope is high.

[Anonymous No.24024864]

>>24024335
>Same thing happened with alts after the 2016 halving. They pumped, then they bled, then they pumped a lot.
Ok but Uniswap has a lot of hype and support while XSN is unknown

[Anonymous No.24024963]

This wonderful team cannot understand that if they do nothing in the direction of marketing, they will soon run out of money for development. Printing ahead.

[Anonymous No.24025220]

>>24024864
That's beside the point that they and many others crashed >75% around the same time and, if anything, that point only emphasizes XSN's potential for price discovery.
For what it's building, how advanced Stakenet DEX is, and how low it's market cap is at this moment in time compared to its competitors, this could pump significantly and well into double-digit $ territory.
>>24024963
Kek. That concern shill one-liner is well over a year old now.

[Anonymous No.24025757]

>>24024864
IMO people saw that the DEX was further away than they thought and sold a couple of months ago to ride BTC for a while. I think when there is certainty around the DEX release, a lot of those coins will be bought back.

[Anonymous No.24026068]

>>24025220
>how advanced Stakenet DEX
It's far behind solutions like FalconSwap /Polkaster

[Anonymous No.24026092]

>>24026068
No it's not. Those projects are onchain.

[Anonymous No.24026105]

>>24025757
>I think when there is certainty around the DEX release
Ok but when will there be certainity?

[Anonymous No.24026196]

>>24026092
>Those projects are onchain
Polkaster uses sidechains

[Anonymous No.24026214]

>>24026196
side chains are still shit

[Anonymous No.24026237]

>>24026196
sidechains, wrapped tokens and onchain 'dex's are stupid and shit.
>>24026105
I suspect before EOY.

[Anonymous No.24026915]

>>24026214
>side chains are still shit
Why?
>>24026237
>sidechains
why explaain please

[Anonymous No.24027287]

>>24026915
Sidechains and Wrapping =
First:
Giving up custody of the real asset and play with a token instead is gay and only gaylords like that.

Second:
If so more gaylords going to play with tokens the congestion of the sidechain comes into play as usual on L1.

[Anonymous No.24027790]

>>24027287
Actually side chains will be better for the consumer since the fees will be lower. Although transacting when on layer 2 are probably cheaper, the fee to get btc there will always be the problem. When btc is over 100k, the fee to move it to layer to will be the same fee you pay to send it to another wallet anyway. This is why lightning is kinda shit.

But side chain stuff for eth is rather good at the moment, since the batching of transactions lowers the fees for everyone and you don’t have the same problem of paying the standard on chain fee yourself, to get it to layer two before it’s cheap to trade.

[Anonymous No.24027847]

>>24027790
Side chains are still layer 1, they will become congested. The fee to move it is cheap. You can always move it over lightning instead of layer 1 as well.

[Anonymous No.24028838]

>>24026068
>>24027790
>Although transacting when on layer 2 are probably cheaper, the fee to get btc there will always be the problem
I don't see how a patchwork of sidechains and wrapped assets stacks up to sending BTC to L2 once and then having fluid native interoperability with ERCs and LN compatibles.

[Anonymous No.24030018]

>>24028838
muh ethereum defi bro uniswap socks etc

[Anonymous No.24030174]

>>24027847
>Side chains are still layer 1
they are layer 2

[Anonymous No.24030218]

>>24028838
How is XSN better in this?

[Anonymous No.24030391]

>>24030174
not really. sharding/side chains are still governed by the same throughput issues as layer 1, it just segregates the transactions into multiple chains.

true layer 2 solutions are designed to be scalable for any amount of users. side chains are not that.

[Anonymous No.24030501]

>>24030218
No wrapping / Unwrapping

Once on (real) L2, there is literally no need to move to L1 again.

As it is still the native asset you can use and trade it as ever.

Nobody can stop you.

[Anonymous No.24030588]

>>24030218
Because trusting a 3rd party backing the asset to ascertain the value for wrapped assets is sooooo decentralised m8 right??

[Anonymous No.24030658]

>I found a project that is shittier than XSN
>This means XSN is an amazing project

[Anonymous No.24030722]

>>24030501
>No wrapping / Unwrapping
Does sidechain mean wrapped tokens?
Do you have custody over non wrapped tokens? Why not?
>>24030588

[Anonymous No.24030756]

based

[Anonymous No.24030785]

base

[Anonymous No.24030834]

bas

[Anonymous No.24030857]

ba

[Anonymous No.24030873]

>>24030218
Real LN/ERC assets - no placeholders or intermediaries, with the exception of wETH which is, itself, a sidechain of ETH and therefore as secure as the main chain itself.
>>24030658
>my L1 on-chain/sidechain DEX can't compare with XSN on a technological level so therefore all DEXs are shit because I don't like XSN
k

[Anonymous No.24030907]

seems ETH hasnt even been started yet

[Anonymous No.24030943]

b

[Anonymous No.24030950]

ETH testing at least

[Anonymous No.24031008]

>>24030950
it's in beta - closed group testing

[Anonymous No.24031112]

>>24030722
https://thenextweb.com/hardfork/2018/12/11/blockchain-sidechains-explained-basics/
This explains it relatively well
https://medium.com/@crypto_info/what-is-sidechain-the-beginners-guide-75864d452aee
Same with this. Essentially there is an intermediary that holds your crypto while you own the token

[Anonymous No.24031142]

>>24030907
>>24030950
>asS ID
Kek. From the November 1 Dev Update...

>The team has been pushing continuous builds to our private beta testing group, with great feedback. Thanks to all who have participated and helped thus far. We will continue to utilize private beta to rollout and test new technologies as they are prepared for public debuts.

>Currently, the group has been testing and assisting with our Simple Swap UI feature, ensuring the integrity of channel logic, finding optimal configurations, and user flow.

>DEX bot operators have commenced stress tests. Our bot operators have begun stress testing the DEX, initial tests run approx 2–3k trades/ day with volume at $10k+ which we are pleased to announce come with little to no errors. You will be able to monitor these tests in our newly launched DEX stat UI page. Also at this site you will soon be able to find…

>Number of trades
># of connected nodes to the HUB
>Number of channels (connected to the HUB network)

(^ this is now done, up, and operational btw: https://orderbook.stakenet.io/monitor/xsn_btc))

>Stress testing is important as they confirm the L2 DEX architecture can handle mass traffic, high volume, and low latency trades to allow competitiveness VS traditional CEX’s

[1/2]

[Anonymous No.24031144]

>>24030722
Also for Stakenet's DEX the trading does not use sidechains or wrapped tokens etc, and allows P2P trading so there is theoretically no intermediary.

[Anonymous No.24031208]

Adding ETH Support

>ETH support in the light wallet is nearly ready, devs have setup the backend, prepared the API and will soon deploy to our private beta group for testing.

>Adding ETH to the DEX via L2

>Our developers focus has been on the integration of ETH private key functionality and L2 client channel states. Our community have presented a wealth of options that our Devs have been exploring further and are finalising their conclusions of these options. As always, XSN is code agnostic as such, we have the freedom to explore the options that best suit the needs of our technology and not be tied to anyone in particular. This is to ensure specific goals and principles of speed and adaptability will work on multi operating system (os) support & integration with our light wallet.

>We are now in the process of completing exchange and 3rd party state channel client testing this week. Results have been promising and will publish these & demo’s ahead.

>As with the ETH support, the DEX tests will be deployed to our private beta group first for testing and review

DEX HUB ALLIANCE

>We have begun reaching out and inviting other teams and projects to join our coming multi-hub network to prepare for the upcoming Prometheus stage. If you know other projects that are interested and a good fit, let us know and we may be able to reach out to add them to the official DEX HUB ALLIANCE.

https://medium.com/stakenet/xsn-core-update-nov-1-2020-b6f648d5bdcd

[2/2]

[Anonymous No.24031253]

Please, check baseprotocol.org, what do you think about this platform?
came across reviews about this system, seems worthy because of high-technology solutions for token liquidity, but still difficult to decide, invest in it or not

[Anonymous No.24031256]

It might "moon" to like 50c in 2023 when the next pump cycle comes around (every 3 years with posw/xsn)... have fun waiting til then.

[Anonymous No.24031312]

>>24030722
Sidechain = Need to wrap / giving up custody.
You cannot move btc out of his chain.

Trading btc against a token which relyies on a sidechain to use it for whatever „they“ offer is not L2 or smart.

It’s something like a deposit on a cex.

XSN, in my eyes, is THE premium L2 solution as it gives you the freedom crypto was meant for.

[Anonymous No.24031398]

>>24031253

[Anonymous No.24031425]

Please, review baseprotocol.org, what is your opinion about this platform?
Found reviews about this system, sounds great because of interesting solutions for token liquidity, but still hard to make a decision, invest in it or not

[Anonymous No.24031485]

>>24031008
>it's in beta - closed group testing
No it's not. Why are are the XSN shills always lying? You think no ones going to call your bluff?

[Anonymous No.24031492]

>>24031425
Go away Chitragandha Patel

[Anonymous No.24031538]

>>24031485
They aren't always lying, just someone who is misinformed/part of the fud campaign. Devs issuing update soon, supposedly including timelines.

[Anonymous No.24031691]

>>24031538
>Devs issuing update soon, supposedly including timelines.
Really hard to take these "updates" seriously any longer. It's the same "We're preparing an update, stay tuned!" mantra for a few days, then an update which anyone outside the core team could've mocked together in 15 minutes is released. If it's the same rehash of the last update, then I hope they don't even release any updates.
>Swap UI testing is progressing well. We're preparing to test Eth key management. More NDA's signed!

[Anonymous No.24031798]

>>24031691
I do understand that, it is a bit annoying. For a small project the communication is a bit shit. I just have faith they will deliver the goods.

[Anonymous No.24032019]

yawn

[Anonymous No.24032059]

>>24031798
>a bit shit
It's outright insulting. Price has plummeted -90%, and the team doesn't even bother to update the fucking Roadmap progression in 6 months. Only people in the "know" are the >2 year old bagholder whales (btw., have not accepted any new members in the past 6 months) in the "whale-channel", everyone else is just fucked in the ass non-stop.

[Anonymous No.24032145]

>>24032019
Last time they promised a timeline, which ended up being "In the coming months", which literally could be anything from 1 to 200 months.

[Anonymous No.24032152]

>>24031256
Pic related.
>>24031253
>>24031425
I read part of the whitepaper just for the hell of it.
>trillionth of entire crypto market cap
>entire crypto mcap as safe haven as opposed to 'blue chip' cryptos like BTC/maybe ETH or stablecoins
Neat idea but I don't see how it wouldn't be extremely volatile.
>>24031485
I'm 98% certain your post is copypasted verbatim from a thread last week but either way, read the most recent dev update
>>24031142
>>24031208
What you're saying here >>24031691 just does not line up at all.

[Anonymous No.24032208]

will buy at 300 sats

[Anonymous No.24032260]

>>24032152
>I'm 98% certain your post is copypasted verbatim from a thread last week but either way, read the most recent dev update
Wait, are you claiming that Eth is being tested in the closed beta?

[Anonymous No.24032510]

>>24032260
It's been being tested in the dev group for months. I expect it to hit the closed beta group that's currently testing the SSUI shortly. We just had this exact same conversation the other day. In memory of that, here is your favorite webm demonstrating BTC/WETH swaps from back in July.

[Anonymous No.24032700]

>>24032510
shortly

soon

nearly completed

months

[Anonymous No.24032799]

>>24032059
>>24032145
I don't find it insulting. The devs didn't make the price go down. Not 90% either. I don't care about a stupid roadmap, I care about the end results.

[Anonymous No.24032895]

>>24032700
>the 'asS r Gut' id screams out "soon" in pain as he ignores the dev updates and constant progress in a desperate bid for attention
still trying to "save /biz/ anons" by lying to them huh? kek.

[Anonymous No.24032899]

>>24032799
so does xsn make it feasible for BTC to be used above 20k without insane fees and waiting time ?

[Anonymous No.24033056]

>>24032899
The lightning network is a L2 solution that does, yes. Stakenet's DEX allows L2 trading peer to peer using the lightning network and raiden/some other ETH L2.

[Anonymous No.24033129]

>>24032899
And Stakenet is not just about the DEX that allows cross-chain trading without wrapped/pegged assets, it's also a multicurrency light wallet that will be able to use the protocols that will revive ETH and BTC (Raiden/Lightning). This project is very exciting imo for the next bullrun and beyond

[Anonymous No.24033175]

>>24033129
yeah i just finished my second masternode, i could wait for the dump but i dont really wanna take some chances. also since making MNaas is so easy is there not a problem where there will be to little TPOS ?

gonna buy a house before i invest more in crypto.

[Anonymous No.24033317]

>>24033175
Congrats anon. Yeah, I've seen quite a bit of red with this project since I bought in July, but the fundamentals are still very strong and I think they will come through.
Good luck with the house anon

[Anonymous No.24033358]

>>24033317
do you have any xsn ready to sell in case of a rise to 50 cent suddenly ? i wonder if holding it in masternodes will be dangerous during the volatility fase.

[Anonymous No.24033365]

>>24033175
>buying a house
Good luck anon.
I run a small business and fortunately work has been picking up more. Throwing as much $ towards MNs as I can til Christmas. I want to catch the dips before liftoff. Pic very much related.

[Anonymous No.24033449]

>>24033358
A little bit, yes. I don't think this is a pump and dump though: if the DEX works well and demand increases, I don't see it pumping to $0.5 then dumping again.
>>24033365
Glad to hear business is picking up, it's been rough for some of my self-employed friends for a while now.

[Anonymous No.24034030]

>>24033449
Yeah, these lockdowns are railroading everybody. I'm lucky in that I don't have to run a shop or take after any commercial property.
A few months back, my state had cops show up at local businesses to do "covid compliance" checks. Meanwhile, tons of people were packing together like sardines in all the big retail stores like Wal-Mart and they didn't bat an eye. It's no pleasant thing to witness.

Agree that the next XSN pump will pump it considerably higher than it was back in August.

[Anonymous No.24034063]

>>24034030
i forgot, is it normal for a MNaas to go from pre-enables to expired before going green?

[Anonymous No.24034188]

>>24034030
Semi-checked. Even in Londonistan we didn't have that sort of shit with police inspections. The irony remains though: you can't go to see one friend in their house but you can go on an underground train that's packed similarly to how Walmart will have been.
>>24034063
I would select the MN and press 'start alias' in the core wallet again and after 0.5-1 hour check the status on the cloud in the monitoring tab. If they are still not pre_enabled/enabled try flushing your mn_cache in the core wallet (there should be an option from the menu at the top somewhere). If all of this fails try messaging on the MN support channel on the discord.

[Anonymous No.24034246]

>>24034188
any reason why one masternode says new start required? in the cloud it just shows up as green.

do i just not touch it ?

[Anonymous No.24034368]

>>24034246
If the cloud says it's online, it is. I would ask the masternode support channel about that

[Anonymous No.24034388]

>>24034368
whats the benefit of going the other route instead of MNaas?
wondering if i should check that out

[Anonymous No.24034398]

>>24034246
Wallet Repair > Flush MN Cage

Wait for the wallet to full load.

[Anonymous No.24034621]

>>24034388
That you don't pay for the server in XSN. Right now when XSN price is low, it costs many XSN to pay for the server compared to if the price is high, so I guess it's an opportunity cost, but I don't run many nodes and the convenience of MNaaS is enough to make me want to run it that way.

[Anonymous No.24034658]

>>24034621
where can i check how much xsn i get from the xsn i have sitting on the cloud? i wanna see if its enough to counter the costs from my 2 masternodes.

[Anonymous No.24034736]

>>24034658
The cloud should show you staking profit daily? You could also look at stakenet.info and calculate the estimated staking rewards for however much you are staking.

[Anonymous No.24034769]

>>24034063
If you're on Core 1.0.22 or higher and have a good balance of XSN in your Cloud wallet, that should not happen.
Otherwise >>24034398 should work.
>>24034188
Checked. More and more people are waking up to the nonsense of all this - you can't go to church, you can't eat at a small restaurant, you can't go to a funeral or a wedding, but you can protest and you can go to Wal-Mart. The ones who continue to be terrified allow for all this to continue, but I think that number is dwindling.

[Anonymous No.24035619]

where did it all go so wrong?

[Anonymous No.24036268]

>>24035619
>concern-shills XSN by posting an extremely bullish looking chart from before it even existed and drawing arrows on it
>in-between accusing everyone else of lying
I'm glad that even you think it's gonna hit $100. You are more bullish than me, insinuating $150+

[Anonymous No.24036361]

>>24036268
Epic, $150 time bros

[Anonymous No.24036941]

>>24036361
I'm actually getting concerned anon
If our dedicated fudder is saying we're only gonna hit $150...
...then $150 is FUD.

[Anonymous No.24038233]

bump