People are saying on bitcointalk that the lead dev quit? true / false?
Stakenet XSN
Joshua Nguyen
Other urls found in this thread:
youtube.com
twitter.com
Jack Campbell
proof of scam wallet after all?
Kevin Peterson
Jacob Taylor
>bitcointalk
what is this 2014?
Tyler Wright
It was confirmed on the whale channel a few days ago. Most whales have been unloading after that
Christian Howard
Aaron Stewart
Can we get some proof?
Jason Hughes
Team is super secretive and doesn't communicate in a normal situation, why do you think they would share the bad news now? This is what you get for no communication and operating "whale channels" on your discord.
Levi Roberts
who the fuck in the team thought it's a good idea to run a price manipulation whale discord? Stupid XSN decision #214251
Luis Jackson
You got evidence to this claim?
Andrew Hughes
was this the dev in charge of paying the Livecoin bills? Livecoin fucking us up and disabling the bots. AAAAAA
Jonathan Hughes
Joshua Lee
1. You Lie.
This is only some fantasy fud .
2. You’re not a whale. But, i am a whale.
Daniel Long
Wouldn't surprise me. The only way the devs are currently making money is when plebs rent their channel and do transactions, but that's what? Enough to buy a few McDonalds meals a week? Other than that, the only way they can make money is for speculation to push the price of XSN up, so they can dump on supporters. That's all XSN will ever be good for. They prob can't wait to push the DEX out to get some exit liquidity and leave XSN in the hands of bag holders. "But....but...I thought XSN would have utility. It's what the devs said...."
Lincoln Butler
And ladies and gentleman, for the final act of the Zig Forums circus we have the most retarded human to ever exist!
>Provides absolutely no information, just says some unsubstantiated drivel
kys
Cooper Torres
How do you think they're making money? Do the math. Let's assume they own the channels. How much in rental fees do they collect per week? How much in transaction fees do they collect per week? $10? So enough for a happy meal at McDonalds? Other than that, they gotta sell XSN. The only way they can do that is to dump on supporters. Am I missing something?
Zachary Smith
What you mean just like pretty much every project ever? What projects don’t pay devs in their own coin and how do devs turn that into $’s to pay bills.
Kayden Wright
10% of the XSN generated from block rewards goes to the treasury as locked funds, and can only be released by vote, it's a democratic system.
If you have problems with it, vote no. Or if you don't own XSN shut up because those who are invested and vote are informed. You say 'dump on supporters' as if it's in their best interest to dump the price, which it isn't really. They won't be rushing to sell huge amounts all at once.
Lucas Jones
Not so sure I agree with you on this. If a project is heavily anticipated, it will generally be able to raise tens of millions of dollars in a very short period of time through an ICO. Those projects have a fiduciary responsibility to accurately project expenditures throughout the lifetime of their project. Some projects don't run an ICO, but they are underneath corporations and are funded like that. Some projects are even funded by national governments. It's generally just the scams are the ones that have severe mismanagement of funds that need to market heavily in order to raise the price on speculation, so they can dump their coins. The problem with XSN is that the coin has no utility, only speculative value, so it is imperative that developers create opportunities to dump their holdings.
Ian Diaz
People are saying you might be a queer. True/false?
Asher Jones
>XSN has no utility
LMAO okay mate. Either you are trying to say it's speculative until the DEX is out in which case fair enough, or you are saying that the XSN coin will never have any utility-based value, in which case I feel sorry for how incredibly stupid you are.
>Project didn't do an ICO so need to raise funds some other way
Thanks for this gem of an insight
Blake Nelson
see you tomorrow
Colton Martin
You realize those things are actually negatives?
Wyatt Moore
XSN has utility if you make transactions with XSN. Other than that, it has no utility. It will never have utility for BTC to LTC transactions for example because it is not needed. Nor will it have any utility for ERC-20 tokens, assuming they are able to take transactions offchain. If transactions are performed offchain they don't need to be settled on the blockchain, so where is XSN utilized in this scenario? Even when the DEX comes out, there is no use for it.
Grayson Flores
Because the XSN blockchain is used to verify the 'integrity' so to speak of Masternodes, ensuring they are not bad actors, and performing other refereeing tasks.
It is utilized for trades and AFAIK trade fees will also be paid in XSN, so that fees are not in all sorts of random shit for MNs.
Jeremiah Roberts
That doesn't make any sense though. If I pay for a BTC lightning transactions, it requires BTC. LTC lightning requires LTC. XSN is not required in those scenarios. No refereeing required. And if they are developing an offchain solution, why would you need to pay fees in the underlying blockchain? Isn't that an onchain solution? Can you explain?
Aiden Morris
The offchain solution is in order to settle the buyer to seller instantly from peer to peer.
The fees aren't paid in XSN because you are making a transaction on the XSN blockchain, it is because the native currency of the MNs is XSN.
Levi Brown
but how many MNs do the team have?
Blake Richardson
youtube.com
This explains to a basic level the idea of things
KEK the famous cZ ID acting like a retard as usual
Grayson Clark
Landon Thompson
I hate this term, but I feel like you're gaslighting me. I just can't see where XSN is involved in the transaction process based on my understanding of current offchain technologies. The video wasn't helpful either. It said that Masternodes maintain the liquidity for the lightning channels, but this is currently not true. Where is this liquidity going to come from? Also, I understand how lightning 'hubs' work, but they work independent of XSN unless you're referring to the XSN lightning hub. The video seems to be purposely misleading. BTC routing and LTC routing has nothing to do with Stakenet or XSN. Only XSN routing has to do with XSN, so yes, if you trade XSN, it will require XSN, but why would you want XSN?