Prove me wrong: Stakenet has quietly had a major impact on the industry and it will spearhead some of the biggest gains in all of decentralized finance as the vast chasm narrows between the concepts its been inventing and building upon for years and the general understanding of these concepts grows and moves closer to the center and away from the fringes. XSN threads were quietly on Zig Forums all through the depths of the 2018-19 bear market. They were usually one-off generals. Through 2020 and especially since June as the DEX progressed from private to open beta, there has been a notable uptick in XSN threads. It's no coincidence that within a few weeks of Stakenet making some waves like >aggregating orders from Binance, Livecoin, and Bitfinex's orderbooks >getting one coin deposit working >exhibiting time and time again - pretty much everyday - why Layer 1 is not a good idea for on-chain tx It was only after this that you began to see ICOs come out of the woodwork offering the same ideas and concepts - on an ERC20, at that, and oftentimes backed by very moneyed and influential people who quite frankly should know better. It's only been in the past few weeks that Layer 2 has become a popular topic of discussion. Now more and more recognizable experts are admitting L2 is the natural way forward, and with it comes the interest of those who bank on their word.
Don't let the experts "inform" you in another 8 months that building directly on Ethereum (rather than for Ethereum) and being co-dependent on its network and future plans for everything (rather than being independent) "might actually stunt" native interchain L2 interoperability. For all the dedicated FUD threads, I've put this thread up at least 3 times before and no one could prove it wrong. XSN currently has an $18 million market cap. $18 million. Pic absolutely related.
Spamming the same stale pastas doesn’t refute that this has been in freefall. See you at a nickel!
Ayden Perry
>estimated time 20min
thanks just bought 100k
Jack Fisher
>arguing about current price when the entire alt market went through the bloodbath This is when you buy. If you had anything intelligent to counter with, you'd be as relentless as you are with your cheap drive-by fud but you have nothing.
Michael Bennett
Why is everyone so obsessed with defending the project? Let it bleed to 5-10 cent then buy it all up if you believe in it. You’ll be laughing long term if it pays off
Landon Edwards
They already bought the top. Pockets are empty, they can’t buy anything, thus the rage. XSN started dumping weeks prior to the market imploding; current market trend doesn’t explain the long winding dump of XSN.
Daniel Jones
>dont defend yourself when others go all out to attack you thats o b s e s s e d k
Luis Robinson
So did LINK. Doesn't mean they're scams or dead projects. It's just the market.
Thats on the initial swap with no channels premade, all other swaps would be instant.
Liam Young
>why is everyone so obsessed with defending the project emotionally invested for years. with little price action. then suddenly to watch their 24/7 shill campaign be meaningless as the price bleeds. i'm sure whales sold at the top for an amazing 5x, lol. they'll do anything to get you to buy in.
Liam Cox
absolute bullshit and you know it. it's an open and close trade, as you can see on the webm. the balance goes back on chain.
Brody James
XSN's current trouble is a scarce supply combined with low trading volume on multiple exchanges. 1-2% of the supply is generally up for sale on Livecoin at a time and someone with a decent stack can use that to their benefit. I believe the purposeful lack of institutional support that props up many other coins leaves it to suffer more volatility and fluctuate in price a lot more. XSN being independent of that influence will work out well for it in the long run.
Colton Cook
>XSN started dumping weeks prior to the market imploding; current market trend doesn’t explain the long winding dump of XSN. It does nigger and it's extremely bullish, xsn and link dumped before bitcoin, why? Because there are some bitcoin whales on both and they always know when the btc dump is coming and dump their alts before.
Brody Price
>implying the thousands of redundant xsn fud posts made since we told you to buy at 600 sat are anything but a copefest and that CURRENT PRICE vindicates your months of effort attacking something you have no money in as bitter ex-whales who sold the absolute bottom at 3 cents absolutely bullish :D XSN $100 2021
Jordan Hall
>>arguing about current price when the entire alt market went through the bloodbath Factually incorrect. But if you insist, there are reasons beyond price action to not want to touch this turd with a 20 foot pole. 20 minutes for a transaction? Isn’t the whole point of layer 2 that it’s faster?
Cameron Scott
The ratio of Xsn shill threads to shit talk threads is about 4:1 through 2020. Obviously right now there’s more shit talk since the shills are wounded from this price dump. Quit acting like a kike and taking the “oy gevalt why do they hate us so” approach.
Lucas Carter
Retard, it literally shows the channel fees in the webm.
Andrew Bailey
The 7d g/l for most of the top 100 is in the red. UNI crashed 50%. >20 minutes for a transaction? Isn’t the whole point of layer 2 that it’s faster? Have you ever used Uniswap? Do you like spending $40 in gas fees for tx that may not even go through? To complain specifically about initial on-chain -> off-chain fund swaps taking 20 minutes when Lightning swaps have very low fees and a near-perfect success rate for swaps is just foolish.
Asher Perry
I love that this is dumping I've been trying to buy $500 a month worth with all of my leftover wagie income after bills and this Friday is going to be a big buy. I'm getting close to my second MN and I'm really loving this. I hope it drops even more before then, dump dump dump = $$$$
Joseph Edwards
Good luck user
Joseph Long
>implying XSN threads arent always spammed with fud from the get go >implying fudders dont spam outright lies about XSN even when there are no threads about it or where no one is talking about it pleb-tier mental gymnastics/10
Daniel Parker
I will post this thread until it can be proven wrong.
You're fucking retarded that has to do with pol shills who are feds/paid to or are simply organized against good ideas. In biz more shills means less good. Fuck off with your shitcoin until you can learn to get proper help. You guys failed.
Kevin Hernandez
FRONTIER
Carson Clark
money you will never see again
David Barnes
>s-so what if I act exactly like a paid memeflag shill, this is a different board XSN fudders froth at the mouth over nothing everyday. Now I guess it's time to froth over the context of a meme image with a frog on it. I think XSN will more than likely test 5k sat before EOY.
Adam Gutierrez
Yeah lmao this same discord imbecile has been posting this image in all XSN threads. No end to their idiocy.
Uniswap is solely ETH/ERC20 and even if they eventually manage to implement L2, their ecosystem would only be a portion of what XSNs ecosystem offers.
Dylan Russell
>ive been throwing a tantrum and lying about a project im not invested in for 3 months - here's why im the victim lol k. stay desperate
Kayden Walker
Literally have not lied. Try to change the subject bagie. Didn’t like the link I posted, eh?
Austin King
>Schizo thinks I have anything to do with this We all hate your project because you handled it wrong, and your fundamental misunderstanding of a simple meme is evidence of that. Your guys' gymnastics are piss fucking poor.
This
Julian Nguyen
>your fundamental misunderstanding of a simple meme is evidence of ... your project ... because you handled it wrong >Now I guess it's time to froth over the context of a meme image with a frog on it. Exactly as predicted. You're frothing at the mouth over a meme image with a frog on it and using that as a basis to FUD an entire project while accusing me of mental gymnastics. You have nothing of substance to argue. Excellent. >Industry slowly admits L2 is the right solution >XSN is years ahead of the competition >old FUD was about L2 never succeeding and the DEX being "vaporware" >new FUD is about other projects trying to catch up to XSN months if not years late Looking good.
Jordan Evans
yeah, and it literally says open+close. it's fucking horrendous shite and you know it. >hurr normies will use the uniswap style interface >hurr normies will also wait for 20mins on a dex that can't swap your entire balance due to channel capacity collateral and price is dependent on dex+aggregators >this will happen every time the 'normie' wants to trade unless they open channels themselves
not to mention, it's actual vapourware in the wemb. it's a mock up. i.e is still 'hurrr durr proof of concept. notice the values highlighted change when it goes to the next frame.
