XSN Stakenet scam warning!

[Anonymous No.24573938]

Watch out, the scammers are peddling this piece of shit at full tilt today!
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.

[Anonymous No.24574166]

Literally everything you just said is wrong:

1 - X9 the dev team working on XSN weren’t POSW and never were. I was in POSW from ICO and X9 were contracted by POSW to build the blockchain for them.

2 - POSW went tits up because the website got hacked. This had nothing to do with X9 as they didn’t work on anything POSW did sort from the blockchain.

3 - When POSW team essentially abandoned the project X9 decided to carry on working on the POSW blockchain and turned it into their own project XSN.

You try to use this as fud against them but the truth is X9 didn’t have to stick around, they had fulfilled their obligations to the POSW team and they could have left leaving POSW coin holders to lose everything with the project being abandoned. X9 could have easily gone and started their own project and started from scratch but as they had a good rep in the POSW community they stayed and thanks to them POSW holders haven’t lost everything.

So trying to call them out as scammers or something is ludicrous when they have gone above and beyond to help POSW holders and are turning XSN into something with a lot of potential.

Check Wayback machine and you can see when X9 took over POSW in Nov 2019 and updated the website:

https://web.archive.org/web/20171123005149/https://posw.io/

[Anonymous No.24574187]

Further to this bullshit:

Of course Blockchains operate independently that’s the point of them. If you have a BTC on LN and want to swap it for LTC on LN then you can’t swap them trustlessly without some form of middleware to facilitate the swap and that’s what X9 have built, the middleware that bridges the two technologies. It is also what bridges ETH and ERC20 from L2 on Connext to LN.

Both Raiden and Connext devs have seen and used X9 devs middleware tech and both were happy to vouch for it.

As for not needing XSN that’s where Hydra comes in as that’s when the rules and tech X9 have built is codified to the blockchain.

Right now XSN DEX is moving from Ghia to Prometheus, single hub to multihub setup with the rules and parameters that X9 have defined in their swap tech. Once that is confirmed stable and working as expected then there will be a mandatory blockchain upgrade to Hydra which will add many new features along with codifying the DEX tech, rules and hubs to the blockchain allowing anyone to setup hubs.

Your entire arguement rides on the XSN blockchain staying exactly as it is right now when it has always been said there would be a blockchain upgrade for Hydra to roll out hubs amongst other things, it’s right there on the graphic when they announced it.

[Anonymous No.24574244]

>>24573938
>>24574187
I just paid 5$ on fiver to make a 250 Words Fud pasta, really excited. I'll share my piece with you guys in 48 Hours.

[Anonymous No.24574282]

[Anonymous No.24574301]

>>24574244
checked

[Anonymous No.24574320]

>>24574282
XSN fudders the most creative fictional writers in known human history

[Anonymous No.24574745]

>>24574320
None of that is fiction. It's all true. You can't upgrade from a UTXO blockchain to an EVM compatible one, capable of running smart contracts.

Don't you think if that was possible that BTC would have done it a long time ago???

Do you understand what the market capitalization of BTC is????

Think about what you're saying. It's not possible to upgrade the blockchain like that. They will have to create an entirely new network.

[Anonymous No.24575129]

>>24574745
It's completely false.
How does BTC trade for ETH? Let me know using what special kind of contract it uses. I'll wait.
Connext allows the DEX to interact with smart contracts (damn I spoilt the surprise!).
The blockchain can run DApps, such as the DEX, which will be implemented when the DEX is offloaded to the MNs. You've essentially implied that ETH is the only blockchain that can run DApps and on that front you are completely wrong.
X9 worked directly with Litecoin Foundation on the lightning network, and have innovated in the area so in all honesty I trust them far more than some deluded desperate faggot spamming biz with a copypasta full of lies and complete non-points.
You don't require BNB to use Binance yet that has value, the same with UNI. The key you are missing here is Atomic Swaps. Have a look at submarine swaps and atomic swaps and think about why this works.

[Anonymous No.24575568]

>>24575129
LOL. You have no understanding of the underlying "OFF CHAIN" technology.

First of all, connext allows for OFF CHAIN transactions. As in, you can transact an ERC20 token for BTC without using ETH gas. Do you understand?

For you to transact OFFCHAIN in BTC you still have to use BTC, but it doesn't require a transaction onchain until you pull your coins off of layer 2 and back on to layer 1 where the ledger is updated.

You don't understand this technology at all. Where does XSN come into play?

If I have tokens in a wallet BECAUSE you CAN'T STORE TOKENS in a SMART CONTRACT as LIQUIDITY because there ARE NO SMART CONTRACTS on STAKENET, which is a UXTO and not an EVN or smart contract compatible blockchain, YOU don't need to hold XSN.

That is stupid and it doesn't make any sense. And a TOKEN transfer does not equal a smart contract by the way. LOL.