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Topic: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin - page 12. (Read 65159 times)

full member
Activity: 443
Merit: 107
Is it my imagination, or is there in fact somewhere online a post which appears legitimately to be from an XSN dev, in which said Dev questioned the current validity and future sustainability of the 'masternode' concept? I don't think I dreamt it, and if I did I'm not convinced that dream was ill-considered. I've tried and tried to find it to no avail - can anyone point me in the direction of such a post, or should I call the men in white coats?

Hate to say it but think you must be confused with another project.

It is not impossible. But only really on the basis that nothing is impossible. I am less involved with cryptos recently than I have been historically. I am near-certain however that I've recently read a post by what appeared to be someone closely affiliated with development of this project, whose estimation regarding masternodes was that the arguments for them being outdated had become overwhelming.
I'll continue to look, I am certain such a post is out there somewhere. If not I apologise, but bitcointalk's scrutiny is enough to find it if I'm right.


Well I am on the Stakenet team and can honestly say I have never heard anyone say anything like that and that everyone is of the view point that Masternodes are a necessity for our project and vision. If you can find anything though then by all means feel free to share it.
full member
Activity: 200
Merit: 100
Is it my imagination, or is there in fact somewhere online a post which appears legitimately to be from an XSN dev, in which said Dev questioned the current validity and future sustainability of the 'masternode' concept? I don't think I dreamt it, and if I did I'm not convinced that dream was ill-considered. I've tried and tried to find it to no avail - can anyone point me in the direction of such a post, or should I call the men in white coats?

Hate to say it but think you must be confused with another project.

It is not impossible. But only really on the basis that nothing is impossible. I am less involved with cryptos recently than I have been historically. I am near-certain however that I've recently read a post by what appeared to be someone closely affiliated with development of this project, whose estimation regarding masternodes was that the arguments for them being outdated had become overwhelming.
I'll continue to look, I am certain such a post is out there somewhere. If not I apologise, but bitcointalk's scrutiny is enough to find it if I'm right.
full member
Activity: 443
Merit: 107
Is it my imagination, or is there in fact somewhere online a post which appears legitimately to be from an XSN dev, in which said Dev questioned the current validity and future sustainability of the 'masternode' concept? I don't think I dreamt it, and if I did I'm not convinced that dream was ill-considered. I've tried and tried to find it to no avail - can anyone point me in the direction of such a post, or should I call the men in white coats?

Hate to say it but think you must be confused with another project. Masternodes have and always will be a very important part of everything we do as they will be hosting all the services that run on the network. We know that MN’s have had a bad rep in the past as it seems that nobody actually does anything with them which we find absolutely crazy as they are the perfect platform to build a robust decentralized network on with plenty of opportunity and incentive for the people running them.

For example our new Lightning DEX is the first dApp we have built and when offloaded to the MN network will allow those MN’s that choose to run it to be rewarded by collecting 90% of the trading fees. The remaining 10% is converted into XSN and burnt to reduce supply. Back to the MN’s though we believe this will give people plenty of incentive to run these “DEX Hubs” on their MN which in turn will ensure that the DEX is always be up and running and filled with liquidity and in turn making a much better experience for the end user who just wants to do some trading.

Hope that answers your question.
full member
Activity: 200
Merit: 100
Is it my imagination, or is there in fact somewhere online a post which appears legitimately to be from an XSN dev, in which said Dev questioned the current validity and future sustainability of the 'masternode' concept? I don't think I dreamt it, and if I did I'm not convinced that dream was ill-considered. I've tried and tried to find it to no avail - can anyone point me in the direction of such a post, or should I call the men in white coats?
sr. member
Activity: 1414
Merit: 252
Keep it Simple guys :)
An important element for anyone to understand when using a DEX is what are the fees that are applicable to me? As it’s often a consideration that many traders take into account, alongside the available liquidity, when they choose an exchange to trade on. Here we will go through these key points relating to the Stakenet DEX.
read more here : https://medium.com/stakenet/stakenet-dex-fee-structure-aa1bcc30e6f8
regards
full member
Activity: 443
Merit: 107
Today we connected our Liquidity Aggregator tech to Binance for the Lightning DEX.

This tech will allow our Lightning DEX to connect to any/all exchanges to ensure there is always enough liquidity to fulfil your orders. We believe this solves one of the biggest issues with current DEX tech, liquidity and being able to buy/sell at the price you want. Check it out in action on the tweet below to see a live trade on BTC/LTC:

https://twitter.com/xsnofficial/status/1275471150144008193?s=21
newbie
Activity: 97
Merit: 0
BTC<->ETH still lacks a good interop bridge
ERC tokens form a massive economy and provide an immediate solution for stablecoins

Hi thank you for  your answer  I'd have another question
I have red  this  on their  website


Treasury
The treasury is a cryptographically sealed public address that holds money allocated to it by the network
10% of the block rewards go to the treasury.
Used to fund any Stakenet related development, project, marketing campaign, et cetera…
No centralized entity owns or has access to the money in the treasury.
Funds proposals must be submitted and voted democratically by the Masternodes.
It is effectively owned by no one and everyone at the same time.


what is this Treasury?  Doesn't  seem weirc  that  there  is  this public address ''used to fund  any Stakenet activity? Could you einlight me on this?



A project such as NRGI has 40% of the block rewards going to the team, 10% is completely fair, and allows the devs to get paid for their hard work. You got to keep in mind that XSN did not have an ICO, meaning the supply is fairly shared amongst the investors and devs.
40%? Man that's high

Yeah, it's very high, but ensures that the team has sufficient funds long term for developments.
Stakenet will be a passive income machine, for the devs and it's investors very soon though, which will undoubtfully help with developments long term.
jr. member
Activity: 322
Merit: 2
BTC<->ETH still lacks a good interop bridge
ERC tokens form a massive economy and provide an immediate solution for stablecoins

Hi thank you for  your answer  I'd have another question
I have red  this  on their  website


Treasury
The treasury is a cryptographically sealed public address that holds money allocated to it by the network
10% of the block rewards go to the treasury.
Used to fund any Stakenet related development, project, marketing campaign, et cetera…
No centralized entity owns or has access to the money in the treasury.
Funds proposals must be submitted and voted democratically by the Masternodes.
It is effectively owned by no one and everyone at the same time.


what is this Treasury?  Doesn't  seem weirc  that  there  is  this public address ''used to fund  any Stakenet activity? Could you einlight me on this?



A project such as NRGI has 40% of the block rewards going to the team, 10% is completely fair, and allows the devs to get paid for their hard work. You got to keep in mind that XSN did not have an ICO, meaning the supply is fairly shared amongst the investors and devs.
40%? Man that's high
newbie
Activity: 97
Merit: 0
BTC<->ETH still lacks a good interop bridge
ERC tokens form a massive economy and provide an immediate solution for stablecoins

Hi thank you for  your answer  I'd have another question
I have red  this  on their  website


Treasury
The treasury is a cryptographically sealed public address that holds money allocated to it by the network
10% of the block rewards go to the treasury.
Used to fund any Stakenet related development, project, marketing campaign, et cetera…
No centralized entity owns or has access to the money in the treasury.
Funds proposals must be submitted and voted democratically by the Masternodes.
It is effectively owned by no one and everyone at the same time.


what is this Treasury?  Doesn't  seem weirc  that  there  is  this public address ''used to fund  any Stakenet activity? Could you einlight me on this?



A project such as NRGI has 40% of the block rewards going to the team, 10% is completely fair, and allows the devs to get paid for their hard work. You got to keep in mind that XSN did not have an ICO, meaning the supply is fairly shared amongst the investors and devs.
legendary
Activity: 3318
Merit: 1202
Dev team of XST will never ask the community to vote for something shady or illegal when it comes to the budget and furthermore the masternode owners knows exactly for what they will vote because we know the team needs more budget to develop and honestly they earn it with all this top tech releases. I will expect in time that Stakenet dex will be more used that blocknet dex or waves hybrid dex.
jr. member
Activity: 322
Merit: 2
BTC<->ETH still lacks a good interop bridge
ERC tokens form a massive economy and provide an immediate solution for stablecoins

Hi thank you for  your answer  I'd have another question
I have red  this  on their  website


Treasury
The treasury is a cryptographically sealed public address that holds money allocated to it by the network
10% of the block rewards go to the treasury.
Used to fund any Stakenet related development, project, marketing campaign, et cetera…
No centralized entity owns or has access to the money in the treasury.
Funds proposals must be submitted and voted democratically by the Masternodes.
It is effectively owned by no one and everyone at the same time.


what is this Treasury?  Doesn't  seem weirc  that  there  is  this public address ''used to fund  any Stakenet activity? Could you einlight me on this?

Forgive me. I have been rather busy and did not see this reply until now. 10% of staking rewards move to the (locked) treasury wallet. The dev team proposes a budget for project developments. The masternodes vote yes or no to pass the budget. If the masternode vote was majority 'yes', the budget passes. If not, it doesn't.

Let's say the budget proposal were a 1000% increase in the supply for suspicious reasons... that'd more than likely be a 'no' vote from the masternode owners.

newbie
Activity: 204
Merit: 0
BTC<->ETH still lacks a good interop bridge
ERC tokens form a massive economy and provide an immediate solution for stablecoins

Hi thank you for  your answer  I'd have another question
I have red  this  on their  website


Treasury
The treasury is a cryptographically sealed public address that holds money allocated to it by the network
10% of the block rewards go to the treasury.
Used to fund any Stakenet related development, project, marketing campaign, et cetera…
No centralized entity owns or has access to the money in the treasury.
Funds proposals must be submitted and voted democratically by the Masternodes.
It is effectively owned by no one and everyone at the same time.


what is this Treasury?  Doesn't  seem weirc  that  there  is  this public address ''used to fund  any Stakenet activity? Could you einlight me on this?

jr. member
Activity: 322
Merit: 2
True, I've been loading up my truck recently, and got a few more nodes. I'm sure it's gonna pay off BIG time long term!  Cheesy Cool
Nice. Even if XSN suddenly pumped 3x-5x, I think it will stay undervalued until it gets certain recognition from higher ups in the crypto industry. Vitalik described exactly what XSN has been building for 2 years earlier and said we really need it:

Unfortunately, he doesn't seem to know that Stakenet exists yet. It's frustrating, but also reassuring. XSN really is out on the forefront.
Once Raiden interoperability is a go on the wallet, native, full-scale BTC/LN <-> ETH/ERC20/Raiden interoperability will be a powerful reality too impossible to deny.

I just finished beta testing the new build. I wasn't expecting to see LTC/BTC and XSN/BTC pairs up so soon.


I'm sure this is one of the few projects that ACTUALLY could do a 100x from here.. That's $4/coin which isn't too far fetched. Am I buying more? HELL Yes!  Grin



why do  we need  raiden for  XSN?






BTC<->ETH still lacks a good interop bridge
ERC tokens form a massive economy and provide an immediate solution for stablecoins
newbie
Activity: 204
Merit: 0
The recent dev update is truly amazing. Being able to tap into Binance's order books with a trading bot applied to the DEX itself is pretty amazing. I can't wait for the official launch of this!

What  does this mean? That  order sitting on binance  can be executed on the  XSN dex?  How  can binance allow this?

Also  another  question: when  will the dex go live?

here I read  2018... why didn't  they deliver?

https://i.ibb.co/FWjLszK/dx2018.png
newbie
Activity: 204
Merit: 0
True, I've been loading up my truck recently, and got a few more nodes. I'm sure it's gonna pay off BIG time long term!  Cheesy Cool
Nice. Even if XSN suddenly pumped 3x-5x, I think it will stay undervalued until it gets certain recognition from higher ups in the crypto industry. Vitalik described exactly what XSN has been building for 2 years earlier and said we really need it:
https://i.imgur.com/iDxyGXy.png
Unfortunately, he doesn't seem to know that Stakenet exists yet. It's frustrating, but also reassuring. XSN really is out on the forefront.
Once Raiden interoperability is a go on the wallet, native, full-scale BTC/LN <-> ETH/ERC20/Raiden interoperability will be a powerful reality too impossible to deny.

I just finished beta testing the new build. I wasn't expecting to see LTC/BTC and XSN/BTC pairs up so soon.
https://i.imgur.com/jOnvkXY.png

I'm sure this is one of the few projects that ACTUALLY could do a 100x from here.. That's $4/coin which isn't too far fetched. Am I buying more? HELL Yes!  Grin



why do  we need  raiden for  XSN?





jr. member
Activity: 60
Merit: 1
The recent dev update is truly amazing. Being able to tap into Binance's order books with a trading bot applied to the DEX itself is pretty amazing. I can't wait for the official launch of this!
jr. member
Activity: 147
Merit: 2
Any timeline on the DEX release? I know it's pretty hard to say, as things needs to be tested and bugs fixed, but I really want to see this beast released so I can get started trading! Wink

Hi, DEX will be released Q2 in my opinion. Im waiting since PoSW so i think 2020 will be the finar year of waiting!

maybe. i am really sorry to say that, but since we are nearing the one year anniversary of the mclw at 100% on the roadmap, i wouldn't give any estimates if i weren't on the team.

True, nobody knows, but I think it's a pretty good guess nonetheless, as the recent beta tests have worked pretty damn flawless. Really don't see what parts that would really delay it that much at this point in time.
Anyone can go verify this by joining their Discord, and ask to test the DEX.

true that, i am just being cautious since we are still in unchartered waters.
member
Activity: 406
Merit: 10
Any timeline on the DEX release? I know it's pretty hard to say, as things needs to be tested and bugs fixed, but I really want to see this beast released so I can get started trading! Wink

Hi, DEX will be released Q2 in my opinion. Im waiting since PoSW so i think 2020 will be the finar year of waiting!

maybe. i am really sorry to say that, but since we are nearing the one year anniversary of the mclw at 100% on the roadmap, i wouldn't give any estimates if i weren't on the team.

True, nobody knows, but I think it's a pretty good guess nonetheless, as the recent beta tests have worked pretty damn flawless. Really don't see what parts that would really delay it that much at this point in time.
Anyone can go verify this by joining their Discord, and ask to test the DEX.
jr. member
Activity: 147
Merit: 2
Any timeline on the DEX release? I know it's pretty hard to say, as things needs to be tested and bugs fixed, but I really want to see this beast released so I can get started trading! Wink

Hi, DEX will be released Q2 in my opinion. Im waiting since PoSW so i think 2020 will be the finar year of waiting!

maybe. i am really sorry to say that, but since we are nearing the one year anniversary of the mclw at 100% on the roadmap, i wouldn't give any estimates if i weren't on the team.
member
Activity: 69
Merit: 10
l'argent est mon étape
Any timeline on the DEX release? I know it's pretty hard to say, as things needs to be tested and bugs fixed, but I really want to see this beast released so I can get started trading! Wink

Hi, DEX will be released Q2 in my opinion. Im waiting since PoSW so i think 2020 will be the finar year of waiting!
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