Topic: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin - page 42. (Read 65150 times)

hi kuo,

thank you for your answer.

i think if we could put a list of tpos merchants in this thread and/or on xsncoin.io it would be helpful. i am tposing my coins myself, but i think it is handy for some, i personally understand people not wanting to join discord/telegram if they dont already have an account. 

thanks for your videos offer, if i have a good idea, i'll write you.
 
i really appreciate your efforts

falce

Since XSN ATH: 12567 Sat (10 June 2018), need around 28 BTC to boost the price back to ATH
At Cryptopia the first day listing price was around 3300 Sat on May 1st, 2018
Its been Oversold
May be We are at the bottom now since it were the lowest prices around 3500 Sat at May 6th and July 24th

May, June, July, Lets see what happen next at August 1st...

Why did Masternode.pro stop listing xsn?

I believe that this plan is quite a profitable investment at the moment!  Good luck!

Hey Falce,

Thank you for the honest constructive criticism.

I'll take this up with the team and we can discuss it.

We always listen to our community and appreciated constructive feedback where given as this is how you better yourselves.

As a heads up, with Stakenet.io, there will be a TPoS Merchant marketplace where you can view all merchants so you don't have to head into Discord if this is not your cup of tea. I know there are a few merchants kicking around in Telegram (I am one too), so feel free to say hey, or I can provide you a list of merchants who have been snazzy enough to create their own websites if you'd like?

Abbreviations can be a nightmare, I know what you mean. We will try to get some more helpful information out there so everyone can understand. I am working on a few videos to cover some of these topics - maybe something similar to the DEX video, but we'll see what I can come up with. Feel free to message me ideas for videos you want covered and I'll do my best to accomodate.

Once again, thank you for your thoughts.

Kuo

Ok XSN guy don't listen to me but take face guys advice , he put some thought into that last post & touched on a lot of things that could really be helpful

another try for constructive criticism:

1) no marketing the staking wallet, has been around before, is not innovative. release the clouds new features first as beta (always helps minimizing errors) for the community, have this for at least a week, get feedback, let them write articles about the features, make anopther article contest with every major feature, after testing by the community.

2) give tpos merchants some write down feature for advertising themselves on stakenet, something like a profile page for example, wouldnt be too hard to achieve, with a thumbs up and down as well and voila stakenet users can search for merchants(who hopefully put a contact there). it really does not have to be more than a toplist with links to profiles

3) keep the message simple. right now the message is so full and weird. it is tpos, ccpos, atomic swaps, rsb, lightning problem solving, dex, stakenet.cloud and supposed features, hardware division, exchange listing votes. streamline the message. so people understand it and dont have to be cryptoexperts to just get a hint, what potential that may hold. you are mostly advertising to yourselves, since who else should be agitated by an abundance of acronyms, some of which are your creation.

4) Slow down the pace on the roadmap, dont put things outside the teams work in it (ledger is to blame[edit:bc they signed a "lifelong" support contract with posw including swaps and forks], but the roadmap makes the team look like they could do something about that but complaining to ledger), nobody should be expecting that all the q3/4 features of the roadmap will get finished in q3/4; i personally would have been completly happy if the roadmap q1/q2 would have been extended for the whole year, would have made it look more realistic, would have given you more time, and hey, if you overdeliver nobody would complain.

5) pls let the different dev teams write about what they are doing. not so much the coin guys, they are great and github is easy to follow, but what is happening on the other fronts? we cannot decide any governance, it would be very helpful to know what is happening with departments that get funded nevertheless. and i dont want that old f'd up idea of a dev livestream, where we can watch em working, i would propose that on the first lets say saturday every month there is someone from the site in teh debate room for a dew fixed hours, the second someone from the hardware, third someone from the coin for example.

6) bc they were just so convenient - income statements and balances like poswallet1 had are increasing trust and something along the lines will be needed for rsb as well

7) i want a vote thats more than do or die. i dont want to freeze coindevs treasury, but i want the others to get less. nobody has delivered anything groundbreaking but the coindevs.

and probably much more, but thats enough for now

I am not selling you shit. I say at the beginning of every video, buy or don't buy the coin, it's irrelevant in the long term. We are here to build tech, and we hardly market for the love of baby Jesus.  We only hired a marketing manager last month! In your case, DO NOT BUY OUR COIN! Move on! We do not want you to be a part of the project.






Umm sry already in & there is no one to sell to on live coin at the moment so you're stuck with me . Glad to hear I'm wrong about so many assumptions about XSN tho .
        Truly sick of the. " , buy or don't buy the coin, it's irrelevant in the long term. We are here to build tech, and for the love of baby Jesus"  < see what I did there lol

Anyways, you're looking for believers ? Supporters ? Thats investors in this world . I know its more fun to just have hoodlers or grow the army" but what you need is investors & people to adopt your coin . You've always have the option of just working on other coins , but you made your own coin & have said want to make it the only coin one should need to own no ? So saying its irrelevant & you're here to build tech is a bit disingenuous . I'm here to make money supporting decentralized banking & got into XSN based on your statements prior to the release of stakenet.io. So along with the market have been disappointed with that release.
         Its as tho you're unaware of how it looks when you blur the line between TPOS and stakenet.io . not one time have I seen you say anything along the lines of TPOS IS NOT AVAILABLE THRU STAKENET.IO .... Rather its always we have implemented TPOS & stakenet.io is up and running , hop on and stake some coins . for me it wasn't till I sent some coins that I realized hmm maybe I should have just set up a node , this is not what I thought it would be....

 If you're being genuine about your motivation maybe you can speculate about why these milestones are being widely disregarded by the market ? Idk dude , I've asked a bunch of questions here over the past 3 weeks that no one from your team has had time or interest in responding to & its got to the point of HAVING to consider the possibility I bought into some BS .
          While I actually know exactly what I have bought, its good for you to address your supporters concerns & answer their questions.  

For now XSN lay somewhere between the best possible investment in crypto & quite possibly ...................the worst........ Like if you feel the coin is irrelevant and you re only here to build the tech , put that in front of all your statements here & on Twitter & be flat out like honestly don't buy this coin right now its overpriced , but pls donate if you like the idea of a cross chain platform where all master nodes & POS chains can come together . I could have thrown you a couple grand & have still saved a few bucks


"Wolf"
That's great! You've said your piece, you don't like us, move on! We are not selling anything to anyone. You either believe in what we are doing or don't. In your case, you obviously don't, so move on to another coin my friend

To be clear , much like the rest of investors I don't know who " us " is but I might not like you .. I certainly don't like the way you communicate or the fact that you seem to be the one handling the PR or you being the one that will be communicating with incoming investors .. But have hopes voting might end up being a thing & that changes

"Falce"

for the mroe popular security option, which would also allow tpos, the ledger hardware wallets, i dont think we will see the integration too soon. no working wallet makes the integration somehow useless, the proclaimation of making a own device as competing product might not be very motivating to ledger as well. but if you wanted to get the word of tpos out to sec enthusiasts, i guess a ledger/trezor integration would have opened more doors than another xsn project

so to answer the question if tpos and stakenet cloud are innovative

yes, but not broadly applicable (tpos)

Agree bad move to. Suggest they would be comp to ledg , was meant to motivate them to speed things up ? Because that's crazy & still not convinced they have received everything from the team they need to get it integrated.... Bad move because how else do you prove cold staking ?  And as for TPOS being broadly applicable , I THOUGHT WE WERE ALL SUPPOSED TO BE PLAYING WITH A stakenet.io THAT WOULD ALLOW AT LEAST 3-4 DIFF COINS BY NOW.
        That would have made it broadly applicable. Fact is now losses of greater than 60% over the last month are about to be greatly compounded by bitcoins rise & I know I will be lucky to get my initial investment back out this trap if the team can't deliver the rest of Q2s road map by the end of Q3.      & if they don't its going to be disgruntled buyers from after the swap & whoever else that was around pre swap that isn't turned off by the shilly & pompous face of XSNs public relations

thanks to god it is not an individual, that decides if something is innovative or not, but the market. does the market make errors? everything with humans does, but it is still the most democratic (weighted wealth, but a lot more people than in any other way) form of economical decision making. so the market decided stakenet was not innovative. and it obviously is not. from poswallet 1 with tons of coins and its very own exchange, refsystem, faucets (and some problems) to poswallet2 with an online staking wallet (and some promises, which never were delivered - debitcard, marketplace) to stakenet with an online staking wallet (and some promises, which might get delivered), it was a steady decline in innovativeness.

why the market is not warming up to tpos is harder for me to grasp, because tpos is working (not on stakenet, but there are some merchants, also tposing yourself with vps works flawlessly). but as stated before if i were a fund i would not venture into spending my dollars increasing marketcap so someone who bought at next to nothing dumps my investment out of the market cap again. and that will happen again as it happened in december with posw and the so called misterledger. was a megawhale and the second the price was right for him he sold out. a lot of the turks, who bought back then just never got back to the price they paid so one person can profit. that is a problem most currencies - ever thought about what would happen if china dumped their usd? - have, and there are quite some logical reasons not to sell out at once, most importantly you will loose potential profits(or leverage in the china example), but as stated before if you bought at 300sat at btc 1000usd your profits were not too shabby anyways. i think tpos wont really make too much of a difference unless the market cap goes up and the richest addresses even out more. but right now it seems to fullfil the exact same innovative function as pos did before, but more secure. and that in a market environment, where just buying and hodling is not the norm, might not be as innovative as we thought. traders dont need it, everyone with 15k plus can make masternodes, and with less than that it is very hard to get a merchant with decent rates. innovation without useabilty is almost like no innovation. and i am pretty sure that if you were able to stake coins in your wallet without having it fully unlocked, even less tposing would happen.
hmm i guess tpos is innovative but without enough usecases.

for the mroe popular security option, which would also allow tpos, the ledger hardware wallets, i dont think we will see the integration too soon. no working wallet makes the integration somehow useless, the proclaimation of making a own device as competing product might not be very motivating to ledger as well. but if you wanted to get the word of tpos out to sec enthusiasts, i guess a ledger/trezor integration would have opened more doors than another xsn project

so to answer the question if tpos and stakenet cloud are innovative

yes, but not broadly applicable (tpos)
no. NO. and how can you still ask that. poswallet1 was innovative, stakenet is only the nicest looking of the three tries

Making room

I tried to analyze what is happening with xsn nicely, did even go so far to assume tardiness/lazyness/… instead of malevolent intentions.

So lets try and analyze from a different perspective: There is few people knowing whats going on with xsn.

The teams holdings are not transparent. Assumption: Those coins are not offline, but staking/in masternodes/on the market. A huge dump can happen anytime, nobody knows anything about balances whatsoever. Might create some fear

The community gets no accurate infos. Shill lists and roadmap dont help much. Having stakenet.io(woo an online staking wallet, that has never happened before...) and the hardware department just increases the abundance of non information but shill. Hi Uncertainty

And then there is huge dumping and market making – with devs holdings being unkown. Every teammember has insider infos, but we dont even know how many there are. So i guess that‘s despair then.

So i got me my FUD directly from the team

Lets say they developed for real, the thing is ready as the roadmap states, but the team is not happy because they want more coins for themselves. Hmm delaying updates and forcing the market would be possible.

Lets say they did not develop, just keep people hanging, shill some, lie some and sell off as long as its possible.

Anyways both scenarios would solve the whole issue why it seems so strange for the team to hurt their own project…

and money makes people do things, lying to investors is not being unheard of anyways.

ah no functioning wallet but 100% roadmap q2 on xsncoin.io.... i am starting to side with danishcheese, the roadmap now is just blatantly lying. or the 100% means they milked this cow so lets move on to the next shill item

plus one addon on wolfs comment -> so you argue the project is transparent since there are people working nobody but the team knows about just lol

first of all thx wolfington12 for your answers.

lets begin with the last few points. how is xsn not centralized if the top 10 wallets own 26,14% of the coins? i am not talking about centralization of all staking, i am concerned with the accumulation of a very few addresses. the xsn market is not too liquid right now anyways, and if just one of those wallets starts to sell xsn is going back to sub 1k sat prices. right now even with the top wallets accumulating the price depletes further. it is not very attractive to join a coin, which has several monsterwhales, who can singlehandedly dump to zero.

we seem to have very different ideas of transparancy, becausew i fail to see how the swap plays into this argument. i want treasury/devfund transparency. so that people know which part goes into which development and so on. and even though i still dont think that there are malicious intents - but mainly laziness - i am sure some of the funds get traded (salaries, permanent costs...).

so we have the coin centralization, which of course - private holders - is intransparent, which lead to 26,14% of all xsn in the top 10 and 34,99% in the top20 wallets. if i was a fund (like proposed in some tpos article), which wanted to keep parts of my capital in a (trustless) safe haven, i would just not do that with xsn. reasoning: some of those wallets have invested next to nothing (some brag about 300-500 sat prices back when btc was around 1000usd on discord), they accumulate huge bags just by inflation, and if they want to crash the price for whatsoever reason (and if it was for expensive cancer treatment drugs - the intent behind the sale is not important for the crash), they just can. besides right now we see that more or less one big wallet is making the market. i am quite sure it is an individual, btu to reconnect with transparency - as far as i know this could be the dev fund (or parts of it) as well.

so much for centralization (top10 more than a fourth, top 20 more than a third of all holdings) and transparency (no options at "votes", no balances/income statements/..., no idea what happens with treasury or devfund)

and bc it annoys me somehow - the whole ledger thing. it is not ledgers fault if the xsndevs are not able to deliver a stable wallet on which to build on. should ledger have integrated the old wallet, which will be banned soon? the new wallets, which just dont work up until now? which one of the 11 wallets released since march?

so, firstly i like the coin. secondly - and not too hard to guess - i dislike the page and ominous hardware divisions(transparency?). but stakenet is behaving like a kid, who wants to be a firefighter astronaut riding a dragon. i would prefer the funds and efforts going into the coin, than to some page(maybe they will release teh features, but neither did poswallet1 nor 2, and - at least poswallet2 - was under the same management) and even less some hardware departement (whatever happened to the announcement that was announced to be given about that?), which phantasizes about being the next big safety system. sure lets keep producing mist, so people wont see too clearly...

so all in all my critcs are: Centralization (top20 34,99%) Intransparency (no normal community member knows whats happening with dev funds/treasury, the votes are a joke) Development (streamline it on the coin) Governance (give the governance option one democratic try, maybe if the different devteams  - site, hardware, coin -  would produce propositions on why they should get the money, and those propositions were voted on by mn holders - like it was promised some time ago....)

I've got to say, their Discord is actually more organised and less chaotic than other Discord's i've been apart of.

Seriously, they've labeled everything out and it's a breeze to find information in.

https://cdn.discordapp.com/attachments/470689680355229741/470689692413722645/unknown.png

It's really easy to find a merchant there..... I have no idea why so much hate?

Just give this project a try, they are doing everything they can do, and sure there have been a couple delays but this happens in crypto. The main thing is, they are working hard, they have a presence, and are active.

  many people are interested in the idea of TPOSC with this I will agree 100%, there are interesting points, but how to forget the previous project that failed loudly, I'm talking about POSW?

Yeah well until they are making money with this tech selling down their 24 million dollar mc seems to be what they will do ... They have done it from 48 mill to here & it doesn't seem to be stopping . btw can someone explain how the coin went from 4 cents to over 40 after the swap ? Was the swap inspired in part by someone comming in and saying hey I'll help you guys pump this thing ?


And down to less than 1 btc in bids on live coin , nice ... Glad to be 90% out of this POS ... As in piece of s it ... Guys every shit coin claims to have more going on on discord & its such a mess they just hope you figure you can't find it ... This tech at the moment shouldn't support a 3mill market cap let alone 40 ... Look at posw coin and that is where the price is going to . obvious now the swap Was partly a function of a pump

I'm still confident in XSN. From my perspective, the team did deliver. The main issue is making money with the technology they developed.

I'll hold till I see how this works out 

Actually he speaks the truth & that's why that shilly list of " accomplishments you just posted was met with another 15% drop ! If orders were even there at 30+ % down they would have been filled also , but there are no orders at the moment ... Where is the TPOS ? because its not on the cloud & someone said you can find merchants on discord ? F#ck that . that is not how they are booking their progress .... It sure doesn't feel revolutionary and maybe I'm missing the significance of this release , but if I am the entire market is with me in missing it & meanwhile rather than using the funds that clearly are there to get the amazing word out , the team just keeps fluffing ? Hmmm and as the last poster pointed out 26% in the top ten wallets ? Come on dude ........ And the inflation rate will kill this coin alone if they don't deliver the moon next week . & if they do who will know ? Says 5000+ on discord ? Well their videos and tweets are lucky to get clicks in the hundreds ..... Looking mo scammmy every day .... Proove me wrong & I make money that would be cool


Pls note all items other than 1 & 11 on the fluff list you just posted are in fact , meaningless fluff ... As in not accomplishments at all ... Hey I made myself a new logo just now as I was typing this , cake time ? Pls ?

Oh and xsn has been dropping for a month , don't try to pin a 50%+drop on. BTC going up 10% 2 days ago ... If it continues to go up you suggest holding this ?