Stakenet XSN/ DEVS Ask me anything Part 1

There you go faggots;
medium.com/stakenet/stakenet-ama-part-i-bdfcb8997d6d

Attached: 1593679807645.jpg (490x678, 108.35K)

So XMR will added to the DEX. Fucking mint

The world is going layer 2, seething fudders will be left behind

Attached: Screenshot_20201216-163822~2.png (1440x996, 131.38K)

Doesn’t that mean XSN’s DEX will be pointless since its only touting point is that it’s layer 2? If kraken and other big names go layer 2, nobody will care about what some literally-who coin is doing.

I sold about 40k XSN by the way so nearly 3 master nodes’ worth, but I like to play devils advocate to keep the community sharp. Circlejerks don’t accomplish anything.

When did you sell? Did you sell based on that Kraken news?

Well they might be going L2 for withdrawals and deposits but that comes no where close to covering the entire premise of Stakenet's DEX.
Kraken would still be a CEX.

That was a bad typo. It was supposed to say “hold”, not “sold.”
I guess that’s fair. My main concern right now is getting the normie money in. We care about the idea of a non-KYC dex that’s actually fast via L2, but if L2 is the only differentiator, that doesn’t guarantee normies will migrate en masse to us or a similar platform. The only reason Uniswap is as popular as it is is because of its wide variety of available coins since you can pick up basically anything ERC-20. It’s been talked about before that what gets listed on the DEX will (potentially) be up to a MN vote - BTC to ETH is really cool, but it won’t bring in new people if we aren’t listing a ton as well.
I’m probably putting the cart before the horse but I am getting a bit worried that our massive head start on the technology may be dwindling.

Staked currencies seem to be quite inflationary.
Especially with master nodes.
From what I've seen, most masternodes just sell whatever they earn and continuously drive the price down. What prevents the price from going to zero?
Is it actually worth the investment to run a masternode?
What kind of earnings could I expect if I ran a masternode?

Attached: 1566832676092.jpg (806x800, 109.57K)

lol @ AMA
what a load of bulshit..
> We Cant say anything about exchange, muh NDA
kys, sheeeit

Attached: 1607694239869.png (953x578, 26.92K)

not gonna help
lol look at the price, dropping like a stone.
People just realised that XSN just a fart in the crypto storm.
>from 1000 to 700 sats in just 7 days.

Attached: 1607632986709.png (743x572, 713.71K)

sell the news

Bitfinex has LN BTC and it's really convenient for sending BTC to another wallet, but LN or no LN it's from a CEX that has full custody of your funds. Kraken is no different.

XSN is decentralized so it still has advantage over Kraken.

Not your keys, not your coins.

>pricing shit in sats

why do faggots like this exist? Price it USD you dumb fuck. if the price stays at 15 cents regardless of sats, its still worth 15 cents you fuck face.

This is correct or at least when Hydra is developed, which doesn't make any sense and seems to make a lot of assumptions. They didn't give an explanation of how they intend on storing liquidity. What does that mean anyway?

Are they referring to collateral used in a lightning node? That's all I can think of in terms of a "liquidity hub." Are they going to wait until BTC can run smart contracts which is possibly never, unless you ask a BTC maximalist?

And then, if BTC can ever run a smart contract, when is that going to take place in several years? So in several years from now, we get Hydra and then you're telling me that people need to convert their BTC into XSN in order to convert it to another token?

This is just totally convoluted. It doesn't make any sense. Kraken already has the advantage because it doesn't need to make an unnecessary conversion into XSN.

Then the DEVS are misleading by saying Dapps will be run on XSN blockchain. How? In 10 years? Doesn't make any sense.

>t. seething bl*cknet dev
either trigger your "exploit" or get back to work

Attached: lmaoo.png (151x107, 4.64K)

What is this garbage? Who is seething? It doesn't make any sense.

Can you explain it? By the time "Hydra" is implemented if ever, other tech will be ahead.

You don't think this is a problem?

>Who is seething?
The one who's been spamming reddit-spaced pasta like "XSN is based on a UTXO blockchain that can't execute smart contracts" in every Stakenet thread for weeks, well after it was proven wrong dozens of times.
Literally every other DEX is either slow and inaccessible as fuck or a Uniswap wannabe. They're very far behind imo

Nothing has been proved wrong. You have unrealistic expectations.

You are insane to think that anyone is behind, but that's because you don't understand the tech. The price is currently low, so if i wanted to buy this, why wouldn't I just buy it?

Why is it when someone points out a legitimate flaw, you become enraged and attack the person that pointed it out?

if you can't read sats wtf are you doing here?

Just so you understand, as an XSN masternode holder, you're betting on the ability for smart contracts to not only be run on a BTC like blockchain, but to also be more efficient than what's on a smart contract compatible blockchain.

Realistically, whether you want to admit this or not, the only 'liquidity' that can be stored is collateral in lightning nodes. And each lightning node can only store collateral of the underlying asset. It's not capable of storing multiple assets in the same lightning nodes. That's how the tech works. So you have to admit that you're betting on some drastic technological changes to take place.

Why didn't the devs just create an erc-20 token on ethereum? The issue with that is, just finding a value proposition as it is something that's a large struggle for even the dominant players like Uniswap that have $500M in treasury.

Why would any tech be ahead when no one else is doing what Stakenet is?
You've pointed out some qualms to do with timescale and competitors getting ahead, but I don't really buy that there are currently others operating in the niche that Stakenet is trying to that are ready to release something that 'kills' XSN as it were.
I don't think speculating on how long, in your opinion, certain developments will take is raising a legitimate flaw.

All your 'crying out in pain as you strike' pilpul aside, your whole premise is based on the notion that TPoS (aka trustless staking smart contracts that have been in continuous operation since 2018) and Lightning swap technology - something you can use right now to execute dozens of swaps between BTC/LTC/XSN in under a minute - magically don't exist.

checked
they had 3 years

XSN will have a burn mechanism to not inflate so much. Don't know much about it, but heard something about burning fees or something.

in live release, dex fees would be partially burned to limit xsn inflation. in prometheus/Hydra, the remainder of those fees would go to master node owners who are auditing LN channels and acting, functionally, as routing mechanisms for the dex.

amount of burn largely depends on volume and fee structure.

10% of the block rewards go to the treasury, 45% to staking, 45% to masternodes.
10% of the DEX fees are burned and the rest go to the masternodes.

i think hydra could be a possibility by EO 2021 if alts pump a lot and X9 continues to direct all its treasury money into development

Project would be great if it has devs that aren't pajeet copy paste frontend tier.

what a trash AMA. Literally answered nothing.