As a recent adopter of StakeNet I wanted to make a guide for the unsophisticated non tech savvy anons who are lazy and won’t test the functional DEX but want to eventually MAKE it. These bullet points are for you. If you have higher IQ please go to the discord and request to be added to the testing group.
1. XSN is a currency that is supported on hardware wallets and not a token.
2. XSN is a low cap that can be accumulated for very cheap and huge upside. Remember during 2017 when 50m was small cap?
3. Proof of stake is the future even ETH will be POS one day. And having masternodes with a small inflation is good for circulation and distribution. Dash nodes are worth 60k And currently 1btc can buy you 6 XSN nodes.
4. Say you don’t care about some alt coin. What other utility other than being a node coin? Fine don’t hodl XSN just use it to become part of the DEX network. That is the future of how people will trade. Don’t you think it’s ironic that 11 years after bitcoin we are storing and trading Decentralized currency in CENTRALIZED exchanges? Trade P2P on the blockchain from you own fucking wallet! The DEX is built into the light wallet. If you can’t see how disruptive you are not trying very hard.
5. Binance and all the other exchanges know who you are and how much you trade and if given the right political climate will give you up to the regulators. A True DEX has no need for KYC.
6. Earn fees from the DEX in the currency of your choice. Imagine all the fees that exchanges make and have that be given back to the network users, who anyone can participate by owning an XSN node... that’s true fucking democracy right there. Centralized exchanges have owners and they are set for life, as we continue to add to their pockets. Become part of what is yours and don’t just pump this coin, actually become part of the vision.
Got 13 nodes and waiting for 14. $100k+ week income EOY. Lambo time.
Sebastian Rogers
The good thing is that if you don't want to, you can use all their services without holding even 1 XSN. That's right, i don't need you fags to buy my bags cause I'm never selling my stack.
>make a guide for the unsophisticated non tech savvy anons
You should make a guide about how they spent the last two years developing on a dying/dead network. Yet another group of BTC maxis who inadvertently shot themselves in the foot.
you stay on Uniswap and swap some 17$ volume erc20 nobody ever heard of
Juan James
Thousands of articles out there explaining why Lightning is dead. 80% of its annual transactional volume was from the gay “Lightning torch” crusade on Twitter. I used to be an XSN bull then I realized they were quite literally building on dead tech.
Sigh... lightning is just starting to get traction. It's new and needs adoption and scaleability. Stakenet's project is exactly what will help do this.
Juan Ortiz
btc maximalist ? if you look it that way they are also eth maximalist since raiden is being integrated with ETH + all erc20 tokens including USDT
Carter Gutierrez
finally some fud with some effort put into it.
lightning network is not dead, it's a baby. you sound like my boomer dad saying bitcoin is dead just because the media isnt talking about it any more
Adam Butler
It’s dead because all attention towards it has been directed elsewhere. It’s well known it’s centralized and full of vulnerabilities. “But it’s young!” It’s been out for years now and nobody is using it. I understand for many of you your bags are underwater but just ignoring the elephant in the room isn’t going to help
Jace Clark
This "dead" tech allows instant swaps and a DEX with all CEX quality ;)
Jacob Ross
Well you're showing numbers here on Bitcoins Lightning network. That's another network, like your LAN does not equal your neighbours LAN. Besides that the groundlaying tech is being developed by Lightning Labs and Stakenet, so it's not dead either. Moreover Stakenet does solve problems BTC Lightning has. such being applications and watchtowers for example. Stakenets Lightning will be highly liquid, because they'll use the masternode collaterals for that. that's 2200 MN times 15.000 XSN times e.g. 1$. That'll make 33 million dollars of liquidity just inside their network WITHOUT any users portfolios Masternode will be watchtwoers as well, so there are already incentives implemented just by earning mn rewards
Tyler Collins
Seeing it in action on the DEX proves otherwise
Xavier Flores
someone missed buying their bags. Just put some buy orders below the top and wait to get filled.
More TX on the BIGGEST crypto - Bitcoin. That is a home run.
Jason Ortiz
tl;dr it's not dead - Stakenet is squeezing Lightning out of the uterus
Kayden Murphy
Imagine thinking your DEX is representative of the macro industry shifting to Lightning. The absolute state
Aiden Flores
really happy you wrote this so i didnt have to reply to low teir fud
Yes, instant swaps! Let’s just ignore the other major vulnerabilities pointed out by major research firms. I can swap my shitcoin for another shitcoin instantly!
Xavier Perry
trips called it
Carter Parker
dare you to reply to
Tyler Bell
Thank you for actually adding something of substance user. Yes I am aware the masternodes will solve a major hurdle with lightning. How do you rebuttal all of the vulnerabilities and lack of network effects though?
Brayden King
I want to know how you can glance over the security/privacy vulnerabilities that have plagued the network. I’m aware MN create liquidity for a protocol that desperately needs it. That’s a tangent though. My original statement was how it was dead and then referenced the vulnerabilities as evidence
Mason Cruz
please provide what security vulnerabilities you are talking about
Blake Walker
You have already missed the point. You don’t have to care about XSN and hypothetical scalability issues as if this is BTC, it’s not.
Being able to trade on a DEX P2P, IS decentralized and you never lose your private keys, this is independent of holding XSN. It’s a working product.
It’s obvious you sold since you was formerly a bull and the recent run up has you salty. Just buy back in.
Nicholas Smith
There is literally a laundry list but I will give you one of the most recent ones from this year. Just spend 5 min on google
This did nothing to refute the numerous security and privacy vulnerabilities ive highlighted. Thank you for highlighting that a DEX is P2P though, never knew that top kek
