Sadly, the coin is not needed. They made a good effort to find a use case for it, but it just didn't pan out.
XSN Stakenet
Camden Long
Other urls found in this thread:
coinmarketcap.com
bitcointalk.org
twitter.com
Brayden Edwards
I have accepted the defeat. We all knew this was high risk investing, and things like XSN just happen. Some coins, like XSN, end up having 0 value. Doesn't change my life.
Josiah Moore
>Sadly, the coin is not needed.
Ok, what's the plan for dealing with exchanges when they get hacked as a centralized target? Eg MTGOX or Binance? Both of which have been hacked because there is so much bitcoin in their wallets they are not d e c e n t r a l i z e d
Hunter Peterson
Also team is going to jail. Prepare for imminent rugpull. Thanks Diaper!
Gavin Bell
DEVS already exit scammed a project called PoSW.
Do not be led into this. This is their second attempt at creating bag holders.
They claim to be a Blockchain with several DAPPS that will be developed on it.
However, Stakenet blockchain is built on UTXO technology, the same tech that DASH and BTC is built on, meaning it can not support smart contracts or EVN compatible tokens.
Right now the Stakenet devs operate three separate lightning nodes. They operate one with BTC, one with LTC, and one with XSN.
You cannot run XSN on BTC lightning or BTC on XSN lightning. It is not possible.
The way it works is when you do a swap with BTC for LTC for example, your fee is in BTC. What they are doing is creating a "wallet" IE not a liquidity hub for ERC-20 tokens and are attempting to utilize offchain technology to do token swaps.
ERC-20 tokens are incompatible with UTXO blockchains, so there is not interaction with XSN unless a swap is performed for XSN for another token. Other than that, there is 0 UTILITY. So ask yourself, why would you hold XSN token if the ONLY utility is used for swaps for one asset for another.
You don't require XSN to use their wallet and instead can have any asset, (assuming they create their DEX), so it makes no sense to hold XSN.
Developers who scammed those in PoSW are claiming that those who run Masternodes, will have so-called liquidity hubs. This is SIMPLY not possible unless liquidity is held in XSN. Do your research. Furthermore, they use a governance protocol in which they hold many masternodes to vote to fund themselves from the treasury to fund their operations.
However, this code is not open sourced and has never been audited. There is no record of what is being done. Remember, these same developers were responsible for the PoSW coin. Do your research before you give these scammers money. XSN coin has NO value.
Adrian Rogers
Look at PoSW, people lost a lot of money, sad!
coinmarketcap.com
Colton Adams
Team donated to BLM. Don't touch this hit or they will take your money and give it to BLM as well.
Robert Miller
sneed
Nathan Foster
Gay fud and copypasta. Have saved this for Hydra and I will continually post this copypasta lmao seethe
Justin Ramirez
X9 devs market sold 700k to buy kebabs and krokodil
Easton Thomas
The telegram is extremely depressing and deluded. Nobody is going through 15 steps to use your special snowflake wallet. I'd rather wait the 10 seconds for my ethereum transaction to go through.
Mason Long
>15 steps to use your special snowflake wallet
Haven't seen this fud in a while
Easton Torres
prove it
Zachary Nguyen
Jaxon Lewis
Hudson Ortiz
i posted PROOF that XSN is a SCAM. LOL!! not spoonfeeding you anymore
Cameron Reyes
holy shit based
why arent more people on biz like this legendary user? x9 posw pnd scam team
Samuel Garcia
you almost had me there for sec, but it's hard to believe that ukranians care about niggatry
Henry Walker
you forgot to reset IP. I'm totally team fud, newfags shouldn't get in but atleast try better even newfags can spot how bad your fud is.
Joshua Perry
But 3 years?
Ryan Thompson
lmao 5 XSN threads at once this is too bullish
Robert Long
3 years and their progress has risen exponentially. Look how fast connext is being integrated, dropping raiden was a good move.
William Carter
we had 11 BLUE threads yesterday, don't go for that metric. The best metric is 3:2 shill:fud. The golden bull ratio.
Levi Nelson
Fair play, point taken.
Benjamin Long
REPLYING TO YOUR OWN FUCKING POST HOLY FUCK YOU ARE A WASTE OF A HUMAN BEING PLEASE NECK YOURSELF IN MINECRAFT YOU PIECE OF SHIT
Cameron Gonzalez
LOL.
A). COIN is not needed. It's not POSSIBLE. LOL. The blockchain is built on UTXO blockchain tech. SAME AS BITCOIN. LOL
Can you run smart contracts on BITCOIN???
NO!!!!
So how in the FUCK is it gonna "referee" anything when IT CAN'T RUN SMART CONTRACT LOGIC????
The coin has NO VALUE.
The team already EXIT SCAMMED on PoSW.
Worse, THESE PIECES OF SHIT OWN MOST OF THE MASTERNODES AND VOTE THEMSELVES TO HAVE COINS MINTED to GO TOWARDS their "PROGRESS," but UNLIKE every single competent project in crypto, THEY ARE CLOSED SOURCE AND UNAUDITED.
WORSE, these SUBHUMAN PIECES of SHIT CLAIMED IN THEIR LAST MEDIUM ARTICLE TO BE OPEN SOURCED. LOL.
OPEN SOURCE????? WHERE THE FUCK IS THE CODE?????
YOU FUCKING LYING PIECES OF SHIT
John Myers
thanks for the free bump but sneak shilling a scam pretending not to know anything about it is a faggot move.
Owen Thompson
Copypasta spammer.
You also are a liar, and making points that are utterly irrelevant to Stakenet. If someone reads your seethe and believes it then that's on them lol.
William Bell
LOL.
What did I say that was wrong. BREAK IT DOWN.
DID the devs exit scam at least one project called PoSW???
YES
Is the code open sourced???? NO
Can the blockchain run smart contracts???? NO
So break it down. What the fuck did I say wrong????
Do they not vote themselves to pay themselves by minting coins from the treasury????
LOL. THEY DO. THEY ARE FUCKING SCAMMERS.
Adam Rogers
bitcointalk.org
Proof of exit scam? Looks like a smooth migration from pos coins to xsn coins
Gavin Brooks
Calm down with the caps, you lil turn nugget.
Nobody is gonna take your b tier fud seriously if you have the temperament of a five year old jew.