XSN will soon debut a DEX capable of BTC <> ETH trades.

[Anonymous No.27284210]

Remember that time Vitalik made this tweet?
It's about to become a reality, fellas.

You can go buy a MN for ~$6000 right now. You won't have much longer to buy one though.

[Anonymous No.27284299]

This is how MN payouts are proportioned.

[Anonymous No.27284743]

You don't have to buy the whole thing right now.
Say you bought about 10k XSN, you'd be able to have a MN up and running in about a year and a half if you bought right now.
Keep in mind, the DEX is still a closed beta. Once it has an official open release, people will see how much better it is than uni or any other DEX currently available and prices will not stay this low.

Putting this off isn't a good idea.

[Anonymous No.27285201]

Of course, you can always keep working at your McJob giving McMacs to McFaggots.

>muh McWage

[Anonymous No.27285849]

Yeah, you're right, playing around with GME PnDs is probably more lucrative.

[Anonymous No.27285851]

Get a MN or die tryin‘

[Anonymous No.27286105]

1 MN chad reporting in

[Anonymous No.27286232]

>>27286105
Ahh, a mote for our yachts.

[Anonymous No.27286295]

Holy shit it’s about happen already? Fucking hell it seemed so far away since last summer but I can’t believe we’re already here

[Anonymous No.27286396]

XSNigger is a POSW SCAM fork of DASH that can't run evms

[Anonymous No.27286479]

>>27284210
is there a date for this?

[Anonymous No.27286489]

>>27285201
The McWage chart is dead, it has now gone digital and you can see how much your MN makes you compared to wagecuckin

https://stakenetmasternodecalculator.web.app/wage

[Anonymous No.27286616]

>>27286396
This fud already BTFO

[Anonymous No.27286653]

>>27286396
Explain why it needs to run Ethereum Virtual Machines (EVM) when it operates on Layer 2 and there is no gas fee involved dumbass

[ANON No.27286674]

wow this scam moves quick
people better get their bags packed fast
I’m rather go for xsn with their Layer2 DEX, top staking model and tpos algorithm rather go for this shit

[Anonymous No.27286698]

feels good man

[Anonymous No.27286898]

>>27286674
>I’m rather go for xsn with their Layer2 DEX, top staking model and tpos algorithm rather go for this shit
if this isn't a Ranjesh idk what is

[Anonymous No.27286921]

>>27286489
Yeah, that's easy to explain.
The devs just hadn't gotten that far in to planning and only hammered out enough details to present to the community that all they knew was that 0.25% fees were going to get split between MNs.
There was a FUD campaign not too long ago where some blabbering brainlets invaded the discord and convinced the lead dev to sit down and figure out all of the intricate details RIGHT NOW because they saw their ridiculous moonboi numbers threatened.

I'm glad the retards did though. Now we have certified numbers to tell normies about and make them drool over.

[Anonymous No.27288557]

>another day at the lab, heh. labz out
labz is genuinely kinda funny

[Anonymous No.27288757]

>>27288557
We should pitch in for an honorary yacht for Labz so he can accompany us on our yacht voyages.
He deserves it for helping us out so much.

Labz now /ourguy/

[Anonymous No.27289131]

>>27288557
HOLY KEK! LMAO

[Anonymous No.27289159]

WE LOVE YOU LABZ

[Anonymous No.27289231]

>>27288557
Kekster's lab.

[Anonymous No.27289358]

>>27288757
he would make a good janister (janitor+jester) with the right 19th century seafaring living arrangements
we'll let him sleep on a pillow and give him up to 2 military rations a day
here you go

[Anonymous No.27289406]

Do I press start alias again??

[Anonymous No.27289499]

with these templates and ms paint come great responsibilities
seeing that you hold XSN, you deserve all this power for yourselves

[Anonymous No.27289573]

>>27289358
I'll go make a tshirt for him that says "I helped."
That little fiend will adore the attention.

[Anonymous No.27289646]

Lightning is not invented by XSN. Connext is not invented by XSN. Any other dex or platform can integrate these technologies. So what exactly is it about this project that is unique? Nothing.

[Anonymous No.27289682]

>>27289406
yes, are you using cloud.stakenet.io?

[Anonymous No.27289732]

>>27289682
yep

[Anonymous No.27289755]

Channel fees are ass this will never take off

[Anonymous No.27289795]

>>27289646
Have fun playing catch up, brainlet.

[Anonymous No.27289896]

>>27289646
No they can’t as most of them run from a Web UI like Uniswap so they can’t open/close/manage the L2 channels.

[Anonymous No.27289927]

>>27289358
dat file name ROFL

[Anonymous No.27289947]

>>27289646
And exactly how many have done that? Fuck nugget

[Anonymous No.27290171]

>>27289927
4chan has fucked up my mind.

[Anonymous No.27290243]

>>27289646
Its 3 years ahead of the competition. XSN is on a mission to bring the world a cheap way to swap their digital assets that is fast and scalable. The progress of their tech is undeniable. It's the first project to host their dex on the blockchain and have the fees going to the community that runs it

[Anonymous No.27290250]

>>27289896
Loopring is just 1 example of a dex that will be cheaper, easier, more accessible and convenient than XSN. And it's already up and running.
>>27289947
Because the demand is literally not there lmao

[Anonymous No.27290375]

>>27290250
Hi Labz. Hows the loopring dev work going? I hope you aren't hitting a brick wall and doing some research on other L2 solutions on 4chan right?

[Anonymous No.27290398]

>>27289755
what are lightning fees?
>>27289732
discord com/invite/cyF5yCA
ask in masternode support channel if you still need help.

[Anonymous No.27290513]

>>27290250
Uses rollups which aren’t really L2 as it’s just batched onchain transactions. Also Connext is adding rollups anyway so it makes getting on/offchain just as fast and cheap then once off it’s free.

[Anonymous No.27290559]

>>27290243
>3 years ahead of the competition
Nigger there are operational L2 Dex's TODAY. There will be DEXs on DOT/COSMOS/ADA/AVAX that can bridge to Ethereum. They will all be cheaper than XSNs solution. Nobody wants to use lightning. Nobody wants to have to post collateral, or pay stupid channel fees to trade. It's outdated. There's a reason the entire space has moved away from this while XSB continued to pursue this dead end.

[Anonymous No.27290747]

>>27290559
All onchain/sidechain/wrapped assets. Will all suffer the same fate of congestion if widespread adoption ever happens.

[Anonymous No.27290905]

>>27290513
>Uses rollups which aren’t really L2 as it’s just batched onchain transactions
All that matters is the end result:
Can I swap quickly and easily between shitcoins, and can I do it cheap?
Loopring satisfies both of these criteria in a better way than XSN ever will. And it's just one example.

[Anonymous No.27291167]

>>27290905
Please PLEASE, just buy more LRC, stfu and gtfo. Let us suffer all the horrible consequences of being invested in XSN because as an idiot I deserve everything I get right? Please just leave.

[Anonymous No.27291204]

>>27290559
You know the flaw in all those bridge solutions? All they are doing is moving the tx to an ethclone. Tron is doing the same thing KEK.

Also those projects are vaporware. XSN has a public beta product with the full public product coming Q1 2021. Hydra is going to be online soon after.

[Anonymous No.27291270]

>>27290905
Can loopring swap BTC? Its not crosschain

[Anonymous No.27292263]

>>27284210
wtf this seems too good to be true

[Anonymous No.27292384]

swap ERC20 to ERC20
pay onchain fees twice, rental fees, dex fees
LOL

[Anonymous No.27292580]

>>27290747
Loopring can handle 1400tps through its dex using zkrollups. You really think that will get congested?

>>27291204
>Also those projects are vaporware
You can literally go and use loopring right now lmao.
Please, besides Eth <-> btc swaps (which 99% of crypto users are happy to live without anyway) , tell me exactly where xsn will have any kind of advantage against lrc . I just fail to see it.

Not even mentioning the inhibitive costs of opening or renting lightning channels. Which by the way, is an obvious point of centralisation in the dex. You're just replacing cex's with 'hubs', they serve the exact same purpose.

[Anonymous No.27292693]

>>27292384
You can't be that retarded

[Anonymous No.27292819]

>>27291270
This is probably the only thing of substance that can be attributed to this project. But like I said, the demand is clearly just not there. There is a reason nobody else is pursuing BTC to ETH swaps, Its because nobody cares.

[Anonymous No.27293025]

>>27292693
lift my ETH to L2 onchain fee, channel fee
swap it for LINK rental fees
rented Link channel closes Link back to L1 onchain fee

Do I now have an empty ETH channel that is gonna last me indefinitely? No? How much is it gonna cost to keep that ETH channel open?
I can open a LINK channel now and then what? Link went up 10% guess I gotta cough up another rental fee for the ETH that my already opened channel can't handle. That rental closes - onchain fee

Woah

[Anonymous No.27293129]

>>27292693
Oh. But he is indeed, anon.

>pic related

[Anonymous No.27293165]

>>27293025
Forgot that the swap takes trading fees too and the second/non rented LINK channel takes onchain fees as well

LOL

[Anonymous No.27293426]

>>27292819
Lol, Vitalik sure seems to care.

[Anonymous No.27293439]

>>27284210

bought this shit on livecoin and lost all my money.

[Anonymous No.27293560]

>>27293165
You're a fudder.
>>27293439
You're retarded.

[Anonymous No.27293671]

>>27292819
Really? Dude just kys. Look at the OP's image
>>27293025
ETH <-> LINK isn't crosschain. You don't need to mess with channels. Connext has rollups so this fud just got btfo

[Anonymous No.27293861]

>>27293671
Replace LINK with BTC then congrats. It still holds up.

Suppose I do all what I said and trade my 110% BTC back to ETH. The 10% rented channel closes. I now have my open channel full. Guess what I have to do if I want to sell my ETH again? Another onchain fee to get that 10% in its own channel

[Anonymous No.27293967]

>>27293560

Yeh i know im retarded; but so is 90% of this board and anyone who looks into XSN. Dont send us to some scam russian website if you want anyone to trust this project

[Anonymous No.27294081]

>>27292580
>loopcringe
That shit is unusuable and has no liquidity lmao. 1 eth 29% price impact lol, go home and spam other threads with your blockdex usage level dex

[Anonymous No.27294140]

>>27293967
Bitfinex

[Anonymous No.27294277]

[Anonymous No.27294298]

>>27293439
please be a larp, rule #1 never leave funds in an exchange

[Anonymous No.27294341]

>>27293671
Vitalik also shills kleros btw

If Eth<->btc was such a pressing and highly valuable problem to solve, can you please name me literally one other project or entity that is working on this, besides XSN? Why does nobody at all care about this besides some semi-anonymous Ukrainian Devs?

[Anonymous No.27294412]

>>27293439
>imagine leaving crypto on a cex after years of cex hacks

[Anonymous No.27294481]

>>27294341
Excellent question.
Have fun figuring out the answer in a few months.

[Anonymous No.27294533]

>>27294081
You're fudding your own project. Loopring has a working approximation of what XSN is setting out to achieve, and even they are struggling to get any kind of traction against Uni and CEXs. What chance does XSN have, when it will be more expensive, and much less accessible/normie friendly?

[Anonymous No.27294608]

>>27290513
This is the level of ignorance and stupidity of your average Stakenet moron. Yankee the scammer tells them that rollups aren't layer 2, so the shills fall in line and believe him. I guess Vitalik doesn't know what the fuck he's talking about, especially since you don't need to be Vitalik to know that the computation is done offchain.

Fucking idiots.

[Anonymous No.27294685]

>>27294533
https://streamable.com/codw1m

watch this shit and tell me with a straight face this isn't normie friendly

[Anonymous No.27294694]

>>27294140
>Bitfinex
Dude there is a whole plethora of absolute dogshit coins on that exchange, being listed there means very little in and of itself

[Anonymous No.27294714]

>>27293967
Don't leave your funds on a cex, there has always been multiple xsn qallets to choosefl from. You yourself are at fault here.

[Anonymous No.27294781]

>>27294685
Not shown here: $40 in fees

[Anonymous No.27294838]

>>27290513
This is one of the dumbest statements I've read. Applications use rollups. An example is something like Loopring and Synthetix.

You know what can't use rollups? Shitchains that are forked from DASH like XSN because it has limited tech and is only good for transactions.

[Anonymous No.27294911]

>>27294781
>crap he checkmated me I better pull something out of my ass real quick

[Anonymous No.27294913]

>>27294341
Its not BTC <-> ETH. Its BTC <-> USDT

[Anonymous No.27294952]

>>27294685
>have to download and install the wallet
>wait several days for it to sync
>fuck around with lightning channels and fees and hubs and merchants trying to figure out how the fuck it all works
>give up and use uni instead

[Anonymous No.27295004]

>>27294838
XSN is just the chain that handles the masternodes for hosting the DEX that connects ETH and BTC. XSN doesn't need rollups.

[Anonymous No.27295032]

>>27294081
This is the problem with these DEX’s, they have no orderbooks to place limit orders which is why Stakenet will succeed where they have failed. Stakenet don’t give a fuck about little Jimmy and his $50 buy on the next defi moonbag, they are going after the whales trading millions of $’s over thousands of trades a day. Things like negative fees, taker pays maker, channel rentals and that shit is a fucking gold mine for the real liquidity providers and market makers and as they can sync up their bots to arbitrage and aggregate between CEX and DEX in real time for the first time running their algorithms it’s way more profitable for them than any dex has ever been before and probably more profitable for them than trading on a CEX too with negative fees for them. With the volume and liquidity these big whales will bring the little fish will follow.

[Anonymous No.27295043]

>>27293439
>>27293967
KEK. Next time don't leave your funds on an exchange

[Anonymous No.27295053]

>>27294533
Xsn is not my project and I'm not fudding it. Stakenet isn't trying to do a L2 copy of Uniswap. 90% of the global crypto trading volume is done with high frequency bot trading in other markets than those Uniswap is serving. So comparing Loopcringe or whatever L2 eth dex to Stakenet is meaningless. It's completly different products and usecases

[Anonymous No.27295060]

>>27294838
Connext has rollup. XSN dex uses connext. Fud btfo

[Anonymous No.27295069]

>>27294694
Yeah, that's the dumbest argument I've heard yet. Bitfinex is the middle of an investigation for its roll in the tether scam right now, but what do you expect for your average moronic Stakenet dumbass that buys a DASH fork in 2021.

[Anonymous No.27295079]

>>27294952
>implying uni wasnt shitty during it's own beta days

>implying stakenet will be the same experience it is right now during it's pioneer age

>implying that you don't own a bag of XSN

[Anonymous No.27295145]

>>27294952
you obviously never used the public beta wallet. There is no sync time. You must be familiar with blockkek cuz thats what their product was like

[Anonymous No.27295260]

>>27294952
Wallet sync takes 10s to 3 mins, depending on the blockchain. Simple swap ui doesn't involve any pro trader interface channel setups

[Anonymous No.27295273]

>>27295004
It can't use rollups. Stakenet is not required for any of this. All you need is a BTC lightning node and you'll be able to form a channel with a router. Stakenet is a centralized node connected to another centralized router whereby the developers take 100% of the profits and dump on shills.

[Anonymous No.27295334]

>>27294952
Lol look at that list, right at the bottom. Serum DEX has already achieved BTC<->ETH on a dex. I literally never heard of this dex until I saw this picture. You know why? Because nobody cares about btc to Eth swaps.

[Anonymous No.27295427]

>>27294911
Assume this is your first swap

BTC from L1 to L2 onchain fee.
Swap trading fee and routing fees (routing might be included in the trading fees)
Incoming USDT channel, rental fee
You'll get a refund on some of the rental fees as soon as you close the USDT channel, but when you close it: onchain fee.
Assume you close it eventually.

End result:
Open BTC channel (not sure if this one can stay open forever, how much it costs for this one to stay open)
USDT on L1

Assuming this is your second swap back to USDT after BTC went up 10%
BTC on L1 need to open channel to L2 onchain fee
Swap trading fee and routing fees
Incoming USDT channel is likely not big enough so you need to rent another top, rental fees.
You'll get a refund ...
when you close it onchain fee
Result: Open BTC channel
Open USDT channel
80% of your USDT on L2
20% on L1

[Anonymous No.27295551]

AHEM

[Anonymous No.27295585]

>>27295427
Last 2 lines are meant to be 90 and 10% respectively

[Anonymous No.27295746]

>>27295060
Don't respond to me. You're too stupid to think about what you're saying. Applications that run smart contracts are what need rollups to scale. If there is no application, there is no need for rollups. You're an embarrassment.

[Anonymous No.27295786]

>>27295551
Just end the thread. Lots of nerds here that never even tried the product and are fudding hard by pulling numbers out of their asses

[Anonymous No.27295854]

>>27295069
>implying it's bad to build on existing tech

His car probably looks like this cause yea you know it's bad to upgrade and enhance stuff that has been there before. Also he doesn't use calculatord cause fuck them, they forked slide rulers LOL!!!!

[Anonymous No.27295958]

Some do me a favour and screen shot this thread >>27244020
its about Rubic with most replies.
I just posted the DEX video, and the next comment I did got trips >>27295333

[Anonymous No.27296059]

>>27295854
You. can't upgrade Stakenet to be smart contract compatible. It's not like the Biology major lead is a former Eth core developer, who created a separate EVM compatible blockchain like the Gavin Wood did with Polkadot. No, the Biology major team lead spent his time dissecting a fucking frog like I did in jr. high, and then forked DASH because that's all he could do and then created a marketing shill campaign to dumb on morons.

[Anonymous No.27296088]

>>27295746
Ok for anyone smart reading this. Connext has rollups. It connects to ETH. Connext can swap between erc20 assets using a rollup running an eth smart contract. So please dude, please kys cuz you just got btfo

[Anonymous No.27296106]

>>27286698
I have the same uptime of 14 days, but you have much more rewards im at 20 something bucks. Did you have to reset it a few weeks ago?

[Anonymous No.27296141]

>>27296059
It doesn't fucking matter because Stakenet does not need to run smart contracts for the DEX to work

[Anonymous No.27296190]

guys the fudder shilling fucking loop is clearly FUCKING LABZ
on a side note how are you today LABZ I hope you jumped on the XSN rocket because we are not going after uni...
we are going after binance.

[Anonymous No.27296248]

>>27295273
Congrats you figured out it's greatest advantage! XSN is no forced utility coin within their services. So users can pay with whatever currency supported which lowers entry barriers significantly. Moreover those fees collected will be used for market buying XSN, so there will be constant buy pressure. 10% of it gets burned so in case every fee would be sold, it's still getting less

[Anonymous No.27296284]

>>27296088
checked and kekked
>>27296106
the rewards part on my allnodes seems to not be entirely accurate and im not sure why, and yes as a matter of fact I did have to reset it about 2 weeks ago.

[Anonymous No.27296349]

>>27296190
>implying CZ isn’t going to be the king mn holder

[Anonymous No.27296348]

>>27284210

If it can be hooked into the orion terminal people might actually use it

[Anonymous No.27296400]

>>27295786
Always do. I just tell people to go to stake net.io and start in the FAQ section.

Never ever trust biz implicitly. People are not here to educate you, in general. Every coin and token will have at least a couple spergs shouting scam! Whether it be because they have bags in a competing project or they are trying to accumulate on the cheap. Do your own research, this whole forum is not what it used to be, i.e. us against the world.

[Anonymous No.27296403]

>>27296059
Please explain why the XSN blockchain has to be EVM compatible? The DEX operated on Layer 2, so explain why being EVM compatible is even relevant on Layer 2?

[Anonymous No.27296522]

>>27296349
CZ doesn't even realize we fully exist
they only took notice when the reddit post went live about the vortex going sucky sucky on their orderbooks

[Anonymous No.27296604]

>>27296059
No one is trying to upgrade Stskenets layer 1 blockchain to be smart contract compatible in a ETH way. They use Connext for that which can handle those on Layer 2. Stskenet is about interconnecting blockchains via layer 2. Yes that doesn't involve XSN, but holding XSN leads to earning fees which will be massive. Just Btc-Usdt is 40B daily globally. No MN owner will have to work again if they would only get .25%, 100M, of that. It's brilliant

[Anonymous No.27296659]

>>27296403
It's not necessary, it's more fabricated fud these douches like to throw out by using buzzwords and technology handles too far above the average readers head. Evm would be necessary if you planned to piggyback on a smart contract blockchain like eth to settle your trades, xsn utilized masternodes running physical hardware rather than be chained to eth and it's scaling issues.

[Anonymous No.27296695]

>>27295060
Connext also works with arbitrium, so chainlink kek.

[Anonymous No.27296793]

>>27296403
Oh, look at this fucking moron highlighting his stupidity. Go tell Synthetix that they're not utilizing Optimism for their smart contracts. Fucking idiot.

[Anonymous No.27297184]

>>27296793
Please see >>27296659

> EVM EVM EVM EVM whaaaaahhh

[Anonymous No.27297203]

>>27296604
You still don't see how stupid this sounds. So let's say there is an application on shitchain Matic and I want to go from Eth to matic. Why the fuck do I need Stakenet? Stakenet is not necessary in that transaction nor does Stakenet have any applications nor can it have any applications because it's a fork of DASH.

[Anonymous No.27297442]

this thread is reminding me of anons fighting about ETH and LINK back in the old days

[Anonymous No.27297548]

>>27297203
Where is the orderbook hosted to facilitate your trade dumbass? If it’s so easy why has it not been done yet?

[Anonymous No.27297573]

>>27289573
his cabin will always have Hurt by NIN playing on loop but if he's good and doesn't get too uppity, he can play bratz 2 on a gameboy advance for 5 whole minutes

[Anonymous No.27297589]

$100 EOY is FUD

STAKENET DEX WILL BE THE LARGEST CRYPTO EXCHANGE AND WILL NOT JUST BE A PART OF THE PLATINUM BULLRUN - IT WILL FACILITATE IT

PRICE SINGULARITY IS UPON US

[Anonymous No.27297674]

>>27296059
> Can't upgrade Stakenet to be smart contract compatible

Can't upgrade your new internal combustion engine to be 'horse-drawn' compatible.

[Anonymous No.27297723]

>>27297589
Its never gonna be adopted because of usability and these fucking out the ass fees
>>27295427
Yes you can lower those fees buit then usability goes out the window since you need to manually manage channels.
Hows the simple swap UI gonna know what you want to do with the trade you just made later
It can't.

[Anonymous No.27297741]

>>27297203
I literally said XSN is not involved in such a tx. What's up with your text comprehension? Lol

Also I've already told you that Stskenet isn't interested in your $60 ETH for Mstic swap. They are aiming for high frequency cross chain bot trading.
But lets assume someone would wsnt to do a trade like you proposed. If they did it on Stakenets Dex, XSN MN holders will esrn the fees of that trade which are paid in ETH. Again, this ETH will market buy XSN and cause buy pressure. It's beautiful and gonna make lots of ppl quit wage slavery

[Anonymous No.27298144]

>>27297548
Are you really this fucking stupid? Any application can use connext or rollups or multiple other scaling solutions. If I want to go from matic to eth or from eth to polkadot, I don't fucking need Stakenet and the only reason I would go from eth to matic or polkadot or whatever is if there were applications on it for it to be necessary. This interchain bullshit is just that, complete bullshit. You just can't seem to think these obvious things through. Stakenet is not some fucking bridge that that connects everything together. That's just a lie sold by the scammer devs. Anybody could host a BTC lightning node and use a router if they wanted to without ever utilizing Stakenet which wouldn't be involved in that transaction anyway because a BTC lightning transaction does not require Stakenet shitchain.

[Anonymous No.27298187]

>>27286489
LMAO my sides
This is the first non cringe xsn shit I see

[Anonymous No.27298211]

>>27297723
FRIENDLY WARNING TO ALL NEWFAGS

there has been an endless FUD campaign waged against XSN for years now. If you search the archives, you will see the same tired, baseless arguments copy and pasted again and again.

Stakenet (XSN) has now been listed on a tier 1 exchange, bitfinex. The 5th largest crypto exchange. These top exchanges have to perform a huge amount of due diligence and thorough research on any coin that wishes to get listed. Only if the coin meets their thorough criteria will they risk listing it.

In the case of bitfinex, owned by iFinex (the parent company of bitfinex and Tether), they are enormous influence on the crypto economy and under much scrutiny by law enforcement across the world as regulations tighten and governments look to restrict access to cryptocurrency. Bitfinex wouldn't risk listing anything even potentially worthy of litigation.

tldr; all FUD has been rendered obsolete by the bitfinex listing, you are being scammed by XSN whales who are trying to keep new investors out and suppress the price

[Anonymous No.27298290]

>>27298144
You need to take your med and get out of the lab for the day Labz. You are sounding schizo now

[Anonymous No.27298296]

>>27297723
Its alright labz I can explain it.

>Its never gonna be adopted because of usability and these fucking out the ass fees
The fees are quite low, but fees aren't even the issue with uniswap or any other swap, its the gas. People are hemorrhaging money on gas right now during the altseason runup.

>since you need to manually manage channels.
The simple swap ui handles the channel opening and closing. If a channel is needed it is fronted by the network, and remains open for the pair until it is deemed not necessary any more (24hours or so most likely). You can look up 'debouncing' to see what this is.

>Hows the simple swap UI gonna know what you want to do with the trade you just made later
I know you had a hard day, there were many XSN threads to get to, but I think you should take a rest because this is incoherent now

[Anonymous No.27298462]

>>27297741
First of all, stakenet shitchain can't even use connext to scale or any other scaling technology. It uses lightning. And nobody gives a fuck about XSN shitcoin so the only reason anyone would even need lightning is if they wanted to use it for BTC and in that case, you need Stakenet shitcoin for anything because Stakenet shitcoin is not used to send transactions via BTC lightning. Not to mention that it's highly unlikely that anyone will use lightning for much of anything anyway because it's far more convenient to use BTC on ETH, plus there are more opportunities for yield. The market agrees with me as there is over $5B of BTC on ETH.

[Anonymous No.27298564]

>>27298296
Listen if I intend to minimize on chain fees I'd open a channel that's 120% or something of the BTC I intend to trade. If that is even possible. Then after ETH goes up my BTC channel would be big enough to do the trade back without additional onchain fees. Otherwise I'll pay onchain fees again.

Yes if for some magic reason I have channels for both sides of a trade that aren't rented I won't have to pay onchain fees and then the trade is cheap.

[Anonymous No.27298761]

>>27298564
The masternode network uses its liquidity pools to open channels, it isn't on the shoulders of the traders to open a channel. Take a look in the docs for channel liquidity, it earns a percentage of the fees as well

[Anonymous No.27298847]

>>27298564
labz we are here to help you
please tell us where XSN hurt you and once we can get you over the hurdle you can maybe join us on the rocketship that is this page.
https://stakenetmasternodecalculator.web.app/wage

[Anonymous No.27298849]

>>27298144
>XSN is not involved in trades with assets other than XSN

Congrats, you found the beauty of the whole thing. This will lower entry barriers for users and fees taken in dot or eth will just be used to market buy XSN and pump my XSN bags. Love this

[Anonymous No.27298875]

why would I want to swap anything? Just buy and hold PRQ lol
But on serious note, smaller fees than uniswap would be great, but most of the world moves slowly and adapts slowly to new tech, this might be risky play as people might just stick with uniswap and wait until they upgrade themselves

[Anonymous No.27298956]

>>27298564
>Listen if I intend to minimize on chain fees I'd open a channel that's 120% or something of the BTC I intend to trade
Actually you've hit on the exact right idea! The only difference is that it isnt YOU thats opening those channels, the network is, using its liquidity pools. It 'knows' how much needs to be in the channel because it can adjust it at microsecond speed. As the trade is being initiated, its pools can adjust funds from one channel to another to provide optimal liquidity. I think you're getting it!

[Anonymous No.27298985]

>>27298761
It doesn't fucking matter who opens the channel lifting my BTC on it requires an onchain transaction. When the channel gets closed another onchain transaction happens. My BTC channel will have free space for as long as it's open after I trade BTC away. If I trade back to BTC and I have more than I originally had I need to pay another onchain fee because there's an additional channel that'll be closed eventually

[Anonymous No.27299028]

>>27298462
>Stakenet can't use Connext

The absolute state of fud bwhahahahah

[Anonymous No.27299120]

>>27298985
Damn you're on fire tonight, once again you've figured out the problem that the devs have aiready solved!

Because they've built the wallet and dex together, and integrated them, you only ever have to pull off the l2 chain if you need to move it to another non-l2 exchange. Your funds can remain in your own hands (trustless) without paying any onchain fees. Thats why the fees can be so low

[Anonymous No.27299174]

>>27298462
Please labz
we need you to go get some help
we know you sold the bottom so please open up to us and tell us when you sold and bought Blocknet and became a blockkek
once we move past this you can join us on the rocket

[Anonymous No.27299206]

>>27299120
You cannot have funds on L2 without them being on a channel.

[Anonymous No.27299264]

>>27299028
It's schizo because they are already using it.
>but the devs are scammers and are lying
Its a product thats already out in beta

[Anonymous No.27299293]

>>27299120
>>27298985
And because the dex can trade across any chain, you can pretty much exist entirely in the l2 space.

Whether you are swinging erc20 tokens, trading those directly to and from BTC, and then into tether, you exist entirely in the L2 space, free from gas fees.

[Anonymous No.27299368]

>>27298761
No, it doesn't use liquidity pools. You clearly spent your parents allowance money on nothing but a shitcoin like XSN and really are clueless about BTC lightning. It's laughable.

If you ever had any real money and understood lightning on even a most basic level, you'd understand that it's not a "liquidity pool," but it's collateral that is used for capacity through your network.

A liquidity pool it's what's used in AMM based DEXs.

And you keep making yourself look dumber every post. You can see right now Stakenet's lightning node and see their capacity is 1.72257811 BTC with a laughable individual channel capacity of only $400 or so.

Here is the problem. I assume you're referring to being able to collect fees from connecting your centralized hub to a centralized router, right? You don't fucking know. You're a fucking shit for brains. But, I'll explain anyway. So let's say you provide the minimum amount of $500k to provide liquidity in some centralized router and you have BTC to set up another centralized hub that some moron wants to trust for you to execute his trade. In that case, you would get fees for transactions.

But since your parent's allowance is only $50 a month you can't afford $500k and you don't have any BTC, so you don't collect any fees, but you're a fucking idiot, so you don't understand any of this.

[Anonymous No.27299379]

>>27299293
Only if I only ever lose on trades then yeah my channels will be big enough to handle it

[Anonymous No.27299594]

>>27299028
It can't use connext. Stakenet uses lightning. Do you think connext scales BTC? LOL. Man, just when you think people can't get any dumber, they just keep saying dumb shit. Listen, moron, connext is state channel tech for account model based blockchains, not UTXO tech. Stakenet isn't involved in anything unless it's a Stakenet shitcoin lightning node connected to a centralized router. But here's the issue, nobody fucking wants Stakenet shitcoin and has any need to go from an account based model blockchain to a fork of DASH shitchain like XSN because there are no fucking Dapps. Is this really that hard to understand?

[Anonymous No.27299722]

>>27299594
I ll give you one btc once we get rich. You are amusing.

[Anonymous No.27299852]

>>27299368
85% of your post is attacking me, but I know you're tired so I'll just respond to the 15% thats actually content.

Please look at how channel liquidity is set up in the dex, it is provided separately from the actual trade liquidity pool. And earns part of those fees.

When you off-chain your btc to the dex network, you retain the keys and your btc is added to the channel, when you trade, that btc still exists in the channel, just in someone elses keys. Channels are a two way street with two houses and either end. Any coins in the street or the houses is still in the channel, it doesn't matter the arrangement.

The network provides the channel liquidity to create the street and connect the houses so that you arent part of the construction process, but the channel total coinage remains constant.

[Anonymous No.27300001]

>>27299722
Trade that BTC through the DEX on L2. Only 80 onchain fees for the $400 channel limit

[Anonymous No.27300006]

>>27299594
Labz please over and out for the night. You must be tired. You don't see reality anymore.

XSN runs both lightning and connext. Im not sure if you understand that. Let me explain to your schizo brain.

Connext connect with ETH chain. Lightning connect with BTC.
>A -> BTC - B
>B <- USDT - A
Its not a scam and you can go take your meds now

[Anonymous No.27300030]

>>27299379
You losing is someone else winning.
If you 'lose' (im not even sure what you mean by this actually) 0.5btc, someone else won that amount, but it still 'exists' in the channel until it is moved on chain, but at that point the channel doesn't need that amount anymore so it all works out.

>>27299594
It uses connext for the ETH chain, it uses both so that it can cross-chain, its like the #1 reason this project will be successful

[Anonymous No.27300058]

>>27299852
Stop saying liquidity pool. You don't understand what that means.

Last sentence: Yes, the network in which you are doing transfers on provides liquidity. For example, if you trade BTC for anything else, on lightning, BTC is the collateral that needs to utilized to make a transaction and fees are paid in BTC. Where is Stakenet involved?

[Anonymous No.27300215]

>>27300058
you:
> Stop saying liquidity pool

me:
>channel liquidity is set up in the dex, it is provided separately from the actual trade liquidity pool

There are two separate liquidity pools, one is used for channels, the other is used for MM. Liquidity is an agnostic term, you can have liquidity in many forms, each functioning in its own way for its own purpose.

[Anonymous No.27300315]

>>27286698
What interface is that?

[Anonymous No.27300318]

>>27300058
>BTC is the collateral that needs to utilized to make a transaction and fees are paid in BTC. Where is Stakenet involved?
Those fees are sold at market price, and XSN is bought at market price and distributed to the MN holders in the network. This ensures a constant buy pressure for XSN, as well as a consistent incentive to continue providing the MN's service to the network and continue collecting fees

[Anonymous No.27300525]

>>27299852
One of these days it’s going to click in his head how all this works and then he will have to find a new hobby other than shitposting XSN threads.

[Anonymous No.27300599]

>>27300318
Think about how stupid this is. So, I provide collateral and for BTC lightning and receive fees that are paid in my account in BTC. Who the fuck is gonna take those fees from me and distribute them? Have you really not thought this through?

[Anonymous No.27300973]

>>27300030
My channel isn't with the person I'm trading with. I can get my 0.5 BTC fine. The one winning can't get his 1.5 BTC because his channel is too small

[Anonymous No.27300990]

>>27300599
>Who the fuck is gonna take those fees from me and distribute them? Have you really not thought this through?
The system? Do you realize they are forking when upgrading to phase 3 to introduce those changes right?

[Anonymous No.27301008]

>>27300599
Hydra

[Anonymous No.27301144]

>>27300599
Part of the roadmap is cross-chain rewards. So you can provide collateral (this can be done in 3 ways, you can either own a MN and be staking that way, you can add to channel liquidity, or you can add to trade liquidity) and you can receive your fees in any coin you want.

The network will ALWAYS market sell 100% of the fees, then whatever % of the fee you are entitled to (as a MN it would be #your MNs / #total MNS, as a liquidity provider it would be $your liquidity / $total liquidity) you've earned will be market bought in your chosen reward, and distributed to you.

This has not been implemented yet, all fees currently are rewarded in XSN, but it is on the roadmap.

[Anonymous No.27301164]

>>27300990
Is this a fucking cult?

[Anonymous No.27301258]

>>27300973
His channel is between him and the network, and the network will scale it up before providing the funds. It took 2 years to build this because setting all this up means dealing with a lot of edge cases. Thats why we are here only in 2021, but we are here, and anyone trying to 'copy' the tech will be facing the same hurdles but 3 years behind.

[Anonymous No.27301298]

Great work, Labz.
You're allowed to hang out on the rocket ship with us for being such a good boy.
Just don't touch our lambos.

[Anonymous No.27301437]

>>27301258
Scale it up by renting another channel parallel to it with additional onchain fees

[Anonymous No.27301501]

>>27301437
Have you heard of submarine swaps?

[Anonymous No.27301574]

>>27301164
Alright, Labz.
Now say something else.

[Anonymous No.27301694]

>>27300315
allnodes dot com

[Anonymous No.27301957]

>>27301501
No. Are they implemented yet?

I'm not labz. Labz isn't smart enough to grasp L2 channel shenanigans he can only omg it's a fork of DASH!!!

[Anonymous No.27302208]

>>27301957
a dash of FORK just flew over my house!

[Anonymous No.27302276]

Hey labz! One question.. do you like labz or pit bulls ??

[Anonymous No.27302449]

>>27295053
>Stakenet isn't trying to do a L2 copy of Uniswap.
It's uniswap trying to copy stakenet and uniswap isn't even L2 and decentralized.

[Anonymous No.27302549]

>>27284210
>You can go buy a MN for ~$6000 right now. You won't have much longer to buy one though.
What ammi supposed to buy?

[Anonymous No.27302748]

>>27302549
15000 xsn +150xsn for cloud hosting fees

[Anonymous No.27302822]

>>27301144
You keep saying that XSN is added for "channel liquidity." How do you add XSN to a BTC channel? So you're saying that some dumb fuck that owns a masternode full of XSN sells his XSN for BTC and then sends it to the person that has a BTC lightning node to be added as capacity?

None of this makes any sense. Who told you this? Are you making this shit up or did the devs actually tell you this?

[Anonymous No.27302952]

>>27302549
If you purchase 15,000 XSN and get at least 150 XSN on top of it, you take the 15,000 and put it in to a downloadable wallet, where you set up the MN to start getting block rewards. It will take a few days, but you'll get about 6 per day.

The OP image has the numbers for how much a single MN will earn in rewards (outside of Block Rewards) once Hydra is initiated.
Hydra begins earning phase of the DEX, where MN owners are rewarded for providing liquidity. Keep in mind, you can host the DEX and be a HUB at the same time, but the latter will cost you a decent amount of liquid.

[Anonymous No.27303035]

channels are a shitty way of running a dex, this will be worse than having to get LP'ers for uniswap. There is too much competition for all erc-20 coin-pair liquidities.

[Anonymous No.27303138]

>>27302822
You don't, only MNs require XSN. Other liquidity can be provided in 2 ways, through a HUB ( a MN which also holds liquidity in any token supported by the dex), or through a taker pays maker (maybe other way around? its late). You can provide liquidity in the same way you can with uniswap for example

[Anonymous No.27303171]

>>27303035
Retard alert

[Anonymous No.27303180]

>>27302822
Thanks for the bump, Labz.
Here you go, buddy:

https://medium.com/suredbits/lightning-101-what-is-a-lightning-node-af88e3183c40#:~:text=A Lightning Network node is,of a blockchain like bitcoin's.

[Anonymous No.27303273]

>>27294952
>have to download and install metaswap
>have to figure out uniswap
>oh, what's this?
>slippage
>front running
>wrapped tokens not safu?
>$100 transaction fees for my normie $300 trade. Not really that justifiable.

XSN is going to eat Uniswaps lunch.
>one click easy install, even a nigger like you can figure it out.
>vortex ensures little to no slippage.
>private, no front running.
>real assets, no wrapped shit.
>one time fee to move funds to L2, then virtually feeless.

[Anonymous No.27303465]

>>27303180
Explain. This is your money. You put all your money into this scam.

It's a simple question. So let's say I have a BTC lightning node which requires BTC as collateral for capacity. You said that XSN would be used as "channel liquidity." Channel liquidity for what?

Are you saying that I can use XSN as collateral for a BTC lightning node? You're the shill. You're trying to shill this to people, so explain.

[Anonymous No.27303523]

>>27303035
we've seen the lightning channels fud already back in July

[Anonymous No.27303562]

>>27303180
Also, I'm not Labz, I'm pYE, so get it right.

[Anonymous No.27303564]

HAHAHHA retard FUDers still working full time meanwhile stakechads just keep on winning

>DEX around the corner
>Bitfinex deal confirmed
>Masternode rewards officially declare 1 MN as a make it stack

$100 2021

[Anonymous No.27303602]

>>27284210
wow thats amazing. kmd beat you by a couple years but congrats. they also built an iOS and Android app that you can download right now.

[Anonymous No.27303625]

>>27303465
This is a scam? Why did bitfinex list it?

[Anonymous No.27303648]

>>27303465
Bud, I'm up like 1000% already at least.
I don't give a fuck if you're wrong or right.

[Anonymous No.27303651]

>>27303602
>kmd
shitcoin that's not layer 2

[Anonymous No.27303722]

>>27303602
>kmd

[Anonymous No.27303874]

>>27303648
Fair enough.

[Anonymous No.27303882]

>>27303465
Please read the response that I already posted here:
>>27303138

XSN -> MN / MN HUB
or
BTC -> Added to MN HUB
or
BTC -> Added in taker pays maker fashion (uniswap)

Take your pick based on whatever you have to stake with

[Anonymous No.27303905]

>>27303648
Just ignore him, he doesn't even know how the project works. He's a waste of time to argue with

[Anonymous No.27304085]

>>27303882
That doesn't make any sense. If I run a BTC lightning node and you rent channel capacity from me and make transactions, I collect those fees in BTC and I don't distribute them to anyone.

So let's say I had an XSN lightning node. And people rent my XSN lightning node and make transactions. I get paid in XSN and same thing, I keep the fees and I don't give them to anyone. How are they going to force me to give those fees to you?

[Anonymous No.27304104]

>>27303651
functional layer 2 does not exist yet. you can use atomic dex right now to swap eth for btc, ltc, doge, dash, qtum, rvn, etc. with no kyc or withdrawal fees. you've been shilling this vaporware for years. but good luck, the more dex's the better.

[Anonymous No.27304198]

>>27304104
>use onchain
Nar its shit and expensive.
>layer 2 does not exist
lol
>https://orderbook.stakenet.io/monitor/btc_usdt

[Anonymous No.27304301]

>>27304085
Lol I mean, I don't really want to explain how masternodes work from the ground up to you.

If you run a lightninng node, you're part of the entirety of the stakenet masternode network, nobody is trading with YOU directly.

What do you mean 'I keep the fees' thats literally not how this works at all. You say I don't understand lightning but you don't even understand the fundamentals of how an exchange works lol.

Labz, I'm sorry, but I think its time to Labz on out of here

[Anonymous No.27304518]

>>27304198
no, eth is shit and expensive. as is btc. but any other utxo coin swap is super cheap and easy. lightning network is fucked. but as I said. good luck. the more dex's the better.

[Anonymous No.27304554]

>>27304301
You can't explain anything because you don't understand it. In order to make lightning transactions you need collateral for capacity in the network that you're transacting in.

Do you understand that there is an LTC lightning node, a BTC lightning node, and an XSN lightning node? Is this still not clicking.

For someone that claims to be a trader that made 1000%, it sounds like you're a bag holder justifying your bags.

I'm interested in your explanation. Why even respond again after your last comment unless you were a bag holder? Why even let this get to you?

But since we're here, just go ahead and explain. I want you to explain that simple question about how XSN gets added to a BTC lightning channel for capacity. How?

[Anonymous No.27304697]

>>27304554
You don't seem to understand how this website works.
Either that, or you're actually just mental

[Anonymous No.27304958]

>>27304554
Lol nah I didn't make 1000%, I'm only up like 30% right now.

Ok, I'll really try and break this down for you.
I buy xsn, I buy at least 15000 xsn, I use xsn as collateral for masternode. With masternode I earn block rewards. I have extra BTC. I decide I want to provide liquidity. I convert masternode into dex hub. I add liquidity (in BTC, either to channel liquidity or liquidity pool - based on roi of each I choose) to dex hub. My BTC is used to either open and maintain channels, or to facilitate trades. I earn fees in XSN. In future, when finished, I earn fees in any coin I want.

OR

I don't like XSN, but I like money. I want to add liquidity to XSN Dex because good volume. I don't have masternode. That ok. I can't provide channel liquidity because that requires hub. That ok too. I provide liquidity in taker pays maker contract, just like I do with uniswap. I earn fees in xsn. In future, I can earn fees in any coin I like when that is ready.

[Anonymous No.27305120]

>>27304697
This is your investment. You put your life savings in this. Can you really not explain this to me? How the fuck are you going to be the #1 shill and not be able to explain a simple question.

Let me just repeat it for the sake of clarity.

Alright, so I have a BTC lightning node. I have my BTC locked up as a collateral for capacity. You're a masternode holder that has XSN.

How do you go about adding more capacity to my node? In this case, that's what "channel liquidity" is. It's capacity. The more capacity my channel has the more BTC transactions it can process.

So how do you with your XSN provide channel capacity to my BTC lightning node? You understand that you would need BTC to do this right?

Man, it's just a simple question. No need to get defensive. I just want an explanation. Apparently, I'm the dark. You're the expert.

[Anonymous No.27305506]

>>27304958
Wait up. So you turn it into BTC and you start running a lightning node, so you're essentially a node that people need to connect to in order to make trades, right? And you can also provide BTC in a liquidity pool? So, you're saying that you would convert that BTC into a derivative and send it to a liquidity pool on an EVM compatible blockchain?

I don't get it. You use the word liquidity pool, but there aren't liquidity pools on BTC.

And you wouldn't earn XSN if people are connecting to your BTC node to make transactions. They would pay you in BTC. There isn't any XSN involved in that trade. None of what you said is correct. Who is telling you this?

[Anonymous No.27305523]

>>27305120
A XSN masternode is not just a node of the xsn network, it is a machine that runs MANY different nodes on it. A single 'masternode' can run a btc lightning node, a xsn lightning node, a ltc lightning node, etc...

A masternode is just a chunk of decentralized computing power given to the network to use as a consensus. The network can operate with 1 node alone, or they can work together to add robustness. But each node is simply a chunk of computing power that requires 15000 collateral of XSN to 'own'. I never actually put my XSN on the node, I just use the XSN as collateral.

I don't sell my house to the bank to take out a mortgage, I still own the house, it is just used as collateral.

[Anonymous No.27305788]

>>27305506
No. YOU are not a node, nobody is ever trading with YOU directly. YOU do not collect fees, YOU do not open channels.

YOU do two things. Either you prove you have enough XSN as collateral to enable you to operate a node (cluster of computing power), which you can add OTHER COINS to to provide liquidity (either channel or trading).

OR you DONT have a node, and you add liquidity to ONLY the trading liquidity pools in a taker pays maker fashion

[Anonymous No.27305834]

>>27305120
You're talking to multiple people here, Labz.
Get it together.
I know you're new, but I thought you were a pretty smart guy.

[Anonymous No.27305869]

>>27284299
1 mn reporting in! Going to make it bros!

[Anonymous No.27306059]

>>27305523
No. That's not how it works. Each lightning network is its own individual network that requires collateral in the network that you're transacting in. Like if you were to run multiple currency networks, you would need to run a lightning node for each network and need capacity in each currency network to do it. That's what lightning is.

Also, and I know the devs like to talk out the side of their neck, but each "liquidity hub" is to be its own DEX with a reputation. No XSN is at stake for any of these transactions.

In fact, let's say I wanted to transact in XSN and I connected to your XSN node. You could go offline and there would be no penalty. Your XSN is not at stake. I don't get it if you go offline. That's why it's not smart to trust a third party for these types of transactions which is exactly what I'm doing.

[Anonymous No.27306219]

>>27306059
Yeah ok its not going to get through to you. Good luck in esports buddy. Have a good night labz

[Anonymous No.27306304]

>>27306219
Right now, when you use the "DEX" you are trusting a third party lightning node provider.

Does this not make sense to you?

[Anonymous No.27306635]

>>27284299
Wow those numbers are actually trash. You can literally just yieldfarm stables for more.

[Anonymous No.27306742]

>>27306635
Too bad that's not including any of the other mechanisms that power the MN network.

[Anonymous No.27306943]

>>27306635
>Wow those numbers are actually trash.

fucking delusional.

FUDers are so desperate they're now claimining the masternode rewards are 'trash' KEK. yeah buddy, im sure you make a higher roi. kill yourslef

[Anonymous No.27307118]

Friendly reminder this is who is telling you to stay away from XSN

[Anonymous No.27307291]

>>27306304
Right now, when you use "Uniswap" you are trusting a third party smart contract.

Does this not make sense to you?

[Anonymous No.27307771]

>>27307291
No, it doesn't make any sense because it's fucking stupid. Lol. Was this comment a joke?

You're trusting an immutable smart contract. It's trustless. You really have no idea what you're talking about.

You are literally trusting the "team's" lightning node.

https://1ml.com/node/03757b80302c8dfe38a127c252700ec3052e5168a7ec6ba183cdab2ac7adad3910/statistics

Did you put your life savings into this because of a belief? Lol.

[Anonymous No.27307967]

if an anon saw a coin as a scam he would just ignore or avoid them, but there are anons here who are preaching aggressively against this coin PROACTIVELY. What does that tell you? It tells you that those anti-stakenet anons are somehow benefitting by Fudding just like they used to did/do with LINK and ETH. All fudders own StakeNet bags.

[Anonymous No.27308229]

>>27307967
afterbazar and labz, yeah, probably
skadoosh sold at like $0.05 like a brainlet even though we told him not to.
but, there's also the blockkek guys and, yeah they probably even own some

[Anonymous No.27308574]

>>27307967
if they're fudding they're only trying to accumulate more

[Anonymous No.27309343]

>>27307967
It tells me to ignore them and keep stacking.