Why do we need another blockchain?
Masternodes look cool, but every other masternode coin has fizzled. Why will this one last long term?
What am I missing?
Can someone shill XSN to me?
Julian Martin
Other urls found in this thread:
explorer.raiden.network
imgur.com
twitter.com
Gabriel Davis
Focus less on the blockchain and more on the DEX built on top of blockchain.
No gas fees, minimal trading fees, and virtually instant trades between Ethereum and bitcoin blockchains thanks to lightning and raiden integration. No other DEX has both.
The Stakenet chain itself is a means to build that platform but they’re not aiming to compete with the other blockchains, they’re aiming to help them scale off-chain because we’re clearly hitting limits on-chain.
Look at all the complaints about gas fees on uniswap. Then look at not just the whitepaper but they already usable beta version of the DEX with launches for real by the end of August.
Camden Myers
Its very simple, do you feel like paying 20-50$ in gas fees to trade or close to nothing for xsn?
William Cooper
Masternodes will get dex fees in stage 3 so think of the gains you will make holding one
Jace Moore
If the fees are so low then how do I benefit by running a masternode? I can see that it's profitable now, but will it be in the future or is this just another ride it to the top of the bull run coin?
Kayden Russell
I noticed a lot of threads complaining about gas fees
Liam Perry
Eth 2.0 will come out and solve gas issues, leading the way for the bullrun. Dex’s will be enormous however they will be the current liquidity pool type we see today because p2p trading isn’t great. 1inch will probably lead the volume in 2021.
Stakenet’s dex will have great repercussions for the industry but don’t fomo in cause the shills say it will be the default dex. It won’t, but it will be very useful for getting btc/link/usdt without having to sign up on an exchange. 1 masternode isn’t a make it stack, 10 is. 1 is suicide so you should get one just incase.
Gas prices will be moot in the future, on eth because 2.0 will solve this, and from the btc side, xsn dex will allow you to trade/pay people on lighting.
Angel Lee
Crypto Cant Scale Part 2: ETH
XSN solves Part 1 (Bitcoin) and 2
Brandon Hughes
>Masternodes get 45% of the fee spread among them.
Stopped reading here. All of the fees go to MNs.
Luke Morales
Eth 2 won’t be able to accommodate all functions on-chain. L2s will still be required to scale.
Ethan Young
It’ll accommodate a hell of a lot more than it does just now. But Xsn will be good for people that want to trade their btc for link/usdt through a dex.
Jaxon Robinson
No one is going to use this, so the MNs are useless.
Lincoln Reed
Disagree. Some people will use it, just not as much volume as the shills suggest.
Kevin Price
Not only that but I fucked up my math too which is why I deleted it.
So, trying again:
>trading fees go to masternodes
>realistic worst case scenario: 5000 master nodes
>current fee is .25%, we’ll use .1% or .001 since that’s what it will likely get lowered to over time
>100,000,000 daily trading volume
.001*100,000,000/5000 = $20 daily, or $600 monthly.
And that’s attainable THIS YEAR. THAT IS EARLY.
When we start talking 2021 and we’re talking nearly if not more than a billion in trade volume...things get real fun.
None of this even includes block rewards.
Nolan Scott
You're missing 10% of the fees buy back xsn and get burned. so it's $540 per month. But yeah still decent when your only outgoing is $5 a month for a vps
Dude 100M volume? That's mental amounts of volume. I'll eat my dick live on stream if it gets that next year. I really will. That's pure moonboi fantasy lol. 10-20M could be achievable.
Benjamin Jackson
ETH 2.0 won’t solve onchain scaling. Sure it would be good enough to manage volume now but crypto is tiny right now, if it is to ever gain mass adoption ETH 2.0 would crumble as well. When it comes more complex smart contracts and more transactions will just flood the network and will be back to square one. L2 is the only way to solve this by moving the majority of transactions off chain
Gavin Rodriguez
5000MN is impossible this year as staking would become more profitable due to the amount of XSN in MN’s, the system balances itself out by design. We won’t even top 3000 MN this year due to it
Nicholas Anderson
That’s why I said worst case and I am building in a bit of time here.
That’s why I’m using .1% instead of the current rate of .25%.
Jacob Hill
uni has been passing 100m daily for a few weeks now
Landon Parker
Uniswap is hitting almost 300m daily and people are complaining about the high fees.
I’m not deluded enough to think we’ll suck up all their volume the first day the dex is released, but I don’t think it will be hard to hit a third of what they’re getting.
Christopher Lewis
>Focus less on the blockchain and more on the DEX built on top of blockchain.
The DEX is just a side project. The development is still mainly focused on the blockchain.
Asher Hall
And yet it will be what drives most of the interest in Stakenet as a whole.
I’m not disagreeing with you, but the reality is the masses aren’t hungry for another chain, but they are hungry for the thing being built on it.
Lucas Gutierrez
Yes, it will be more profitable, not less. Here’s the math:
William Perry
The reason why Stakenet is so profitable for the holders is because unlike most projects the team aren’t a bunch of greedy cunts. They could have said they are keeping 50% of DEX fees but they aren’t. 90% to MN and 10% to buy/burn XSN. Yeah sure the team are going to have some MN’s of there own but the point is that they only make it if we all make it. If the DEX or project fails then everything they have done is all for nothing.
Michael Hill
That helps too and is a severely underestimated quality.
Even with ChainLink, which is a project I fervently believe in, it still isn’t a good look that so much of the supply is ones by the team. Even though I know he’s not going to exit scam, that’s a hard sell to other people.
Nathan Walker
The thing won't work without the blockchain. Cross-chain, on and off-chains are still within blockchain development. Those features are extremely important. Not to mention Atomic Swaps.
Evan Reyes
hi
how stable are the LN channels and how developed is the whole tech of LN? are the transactions guaranteed? is the tech "production ready"?
same for raiden - and:
explorer.raiden.network
why not any usage so far?
Julian Rogers
can you tell a brainlet what's this link about?
Leo Rivera
>how stable are the LN channels and how developed is the whole tech of LN? are the transactions guaranteed? is the tech "production ready"?
Try sending 20000 XSN from a wallet to another wallet while paying only 0.00000005 XSN to the network and receive it within seconds. That's LN.
>why not any usage so far?
That's the official public release token. They're still using a similar token for testing.
Brandon Gomez
>That helps too and is a severely underestimated quality.
That's because everyone's still using Uniscam. I'm enjoying the dip and gonna buy 18000 XSN if it's still under 4k sats by tomorrow.
Andrew Bennett
Michael Thomas
That’s cause xsn is cheap. What is the maximum trade size on the dex. That is limited to the maximum available lightning channel which iirc is around $1000. So it will be a long long time before anyone is making large single trades on the dex
Easton Barnes
Plx who ever invested their life savings, look into this. google is your friend.