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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Lightning Network - Thoughts? on: September 02, 2020, 12:30:51 PM
The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see  Wink

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Users of the Stakenet Multi Currency Wallet will soon be using the wallet, and it's DEX without even knowing they are trading through the Lightning Network. From what I understand the devs is trying to make this as "normie friendly" as possible, which means channel renting, opening Lightning hubs etc is all done in the background.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DEX's with MILLIONS in volume, COULD make you stinking rich, here's why. on: June 19, 2020, 12:17:37 PM
Another good dex is switchdex and every switch token (ESH) holders will share 90% revenue generated by the dex exchanges every month ending, I don't know one can run nodes for dex, thanks for sharing

Never heard of it, but I'll do some digging.

I prefer DEX's where you as an investor can profit off of the trading fees. I don't know of many projects who has this "setup", but I'm sure Blocknet will be succesfull for this very reason, as demand for the coin itself will surge as the DEX volume increases.

Passive income is the sweetest income in life, no kidding.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects? on: June 19, 2020, 12:14:43 PM
Many people try to avoid just this (I marked in bold). This carries great risks and contradicts anonymity.
As for the demand for DEX, it already exists, but there is no fiat. If it was there, then I think this "explosion" would have already taken place.

True. In the future we wont NEED FIAT though. Cryptocurrencies is accepted as a means of money MANY places, and the adoption keeps increasing every year. [1]

You are far more private dealing face 2 face, than to transfer money to a centralized exchange like Coinbase, who then reports all your trades to the IRS.  Smiley [2]

1.) This process is going on, but too slowly. And we need a result now and not "later." Therefore, we have to act in existing realities and choose bad (relatively beautiful future) options.

2.) Both options have their own risks. And both options are good in some ways, and bad in something. I need an option without flaws  Grin Unfortunately, it is too early to hope for his appearance.
In terms of anonymity, Monero is perfect, but in terms of adoption ... like all other cryptocurrencies  Undecided

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins vs. Stablecoin: which is more suitable for merchant crypto payment? on: June 18, 2020, 06:56:50 PM
One advantage of stablecoins is price stability. Merchants don't have to worry about price volatility when transacting in stablecoins. In the past and present, there have been a handful of projects proposing issuing altcoins (non-stablecoins) that will lead the future of crypto payment. What's the fate of such projects, will there ever be considered viable?

Stablecoins are pretty handy, and the fact that Stakenet (XSN) is a cross chain compatible via the Lightning Network, means that anywhere where BTC Lightning Transactions is accepted as means of payment, means XSN is automatically accepted.
Same goes for stable coins, with USDT support, you can cross chain swap XSN for USDT over Lightning instantly.

Stakenet is unique, as it benefits and enhances the whole BTC network, unlike other projects trying to be "the better BTC"
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH better than BTC for payment? on: June 18, 2020, 06:51:44 PM
I normally suggest ltc, it's not perfect but it has segwit and a 1mb block every 2.5 minutes.

Eth txs are definitely cheaper than btc though srull from when I last used them...

Use the Lightning Network for BTC transaction and pay a FRACTION of the normal fee. Stakenet makes the Lightning Network easily available for anyone wanting to send/recieve/trade/and store in their Multi Currency Wallet with an inbuilt DEX.

You can trade instantly between BTC/LTC/XSN and other assets.

https://www.youtube.com/watch?v=wSNFhFBKmsc
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects? on: June 18, 2020, 05:38:28 PM
If you're sitting on millions worth of crypto, you either got extremely lucky, or you're extremely wealthy. If you're sitting on $100k worth, you can easily spend it for everyday uses without exposing yourself. There are groups where you can exchange FIAT => Crypto and vice versa, where you meet up face to face and do the deal. Similar to LocalBitcoins.

Demand for DEX's will explode eventually, no doubt.

Many people try to avoid just this (I marked in bold). This carries great risks and contradicts anonymity.
As for the demand for DEX, it already exists, but there is no fiat. If it was there, then I think this "explosion" would have already taken place.

True. In the future we wont NEED FIAT though. Cryptocurrencies is accepted as a means of money MANY places, and the adoption keeps increasing every year.

You are far more private dealing face 2 face, than to transfer money to a centralized exchange like Coinbase, who then reports all your trades to the IRS.  Smiley
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum relies on Infura to communicate with it's tokens. Infura is CENTRALIZED on: June 18, 2020, 05:30:03 PM
The issue with Infura is that people now understand the cost of running a decentralised server, Infura is into business and it is not in their fault that people rely on they to run their nodes. I know this is not good for the Ethereum long term and the team need to  look for solution but this is some thing that could happen to any network

Blocknet's Decentralized Infura solution will run on masternodes already in the profits, (from block rewards, DEX fees, and Oracle Fees). This data provider will just be another layer of extra income for node owners to tap into. Any user of this service does not need to setup their own servers, they can use Blocknets. Simple.

Ok Blocknet. We have seen that project for so many threads. The chart shows that it has a flat curve from last year. Are those things that will make the project cope up?
(https://coinmarketcap.com/currencies/blocknet/)

Blocknet has almost doubled so far in value this year measured in satoshi value. The majority of people here fail to see the bigger picture with this project.
Once they do the same kind of partnerships as Chainlink does (and they will soon), you'll see this one sky rocket.
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects? on: June 17, 2020, 05:49:13 PM
One way or another, in many states for this period the legislative framework regarding the legalization of cryptocurrency circulation is adopted. In addition, there is a very strict control over the turnover of financial resources of each person, which increases the demand of centralized exchangers in the cryptocurrency market. Of course, a decentralized cryptocurrency exchange exists regardless of any state, and each cryptocurrency user can safely trade cryptocurrency without any consequences. But what a joy it will be that you will have a large amount of cryptocurrency funds worth millions of dollars and at the same time not be able to use them in real life, since in all states you need to indicate your income in declarations. although there is still the only chance to make a difference, it is to use offshore zones, but only a small part of cryptocurrency users can take advantage of these opportunities.
This is why people do really end up on centralized platforms and would really go to the process of KYC to be able to use their services.Are there any options? DEX is good but we know that we cant deal up with fiat
this is why we dont really have any paths left but to deal with dex.I dont know where they do talk about that big money that would flow out specially on Dex.We can already presume out that theres no much demand with
it, for erc20 tokens then yes but for established coins? Most of them are hanging on centralized exchange. Adoption is the key but people do stick out on where the majority go.
Everything to have a seamless non-KYC'd fiat-to-crypto bridge is in place. It's just a matter of making all the steps and components flow more elegantly.

True. Most people have no clue how big of an impact DEX's will have moving forward. CZ (Binance) knew this long ago, which is why they launched their own version, which isn't decentralized at all, lol.
9  Alternate cryptocurrencies / Speculation (Altcoins) / Ethereum relies on Infura to communicate with it's tokens. Infura is CENTRALIZED on: June 17, 2020, 05:44:26 PM
With all the buzz about decentralization - I thought I'd bring this topic to everyones attention. I'm sure most people are unaware that for Ethereum to interact with it's native tokens it uses a centralized data provider - Infura.

As we all know, centralization is what we're trying to fight against. Blocknet is developing their own decentralized version, which will likely be integrated with metamask giving users the option to choose a decentralized data provider.

If Blocknet pulls this off, they are looking at pulling in MASSIVE amounts of transaction fees, which is then distributed to their node owners.

There are 4 different income streams which will benefit Blocknet masternode owners.

1) Decentralized Infura fees
2) DEX Trading Fees
3) Decentralized Oracle Network Fees
4) Staking

Blocknet is really under the radar for now, but mind you, they'll likely do partnerships similar to Chainlink real soon.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DEX's with MILLIONS in volume, COULD make you stinking rich, here's why. on: June 16, 2020, 05:18:05 PM
The best DEX is ViteX built on Vite (this is DAG project, like IOTA but with smartcontract). And they share 90% of revenue from trading fees to token holders (10% for owners). And this DEX is for multi blockhains.
Have you heard about uniswap, it's a dex exchange, currently lots of coins in there are doing x5 - 100, to me its consider the best Dex for now because it's really easy to navigate through, lots of people have been made awesomely rich from that exchange

Uniswap only supports Ethereum tokens, so it's really not my cup of tea  Smiley The volume is growing though, the same can be said about other DEX's such as Blocknet's DX platform, and Bisq.
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Any new promising Masternode coins? on: June 16, 2020, 05:15:56 PM
The problem with master nodes is the good one are ridiculously expensive making it an only exchange commodity or likewise so basically is either you collaborate or have really crazy amount of money which will be better utilized in trade in my opinion

True, however a Blocknet masternode doesn't get any cheaper than it currently is. About $6000, which is a pretty big investment, but if you consider the upside potential + 16% rewards annually from running it, with more passive income streams coming from their decentralized oracle network, and decentralized infura solution it really starts to add up!

This is definitely a node worth running, as you also profit off of the DEX trading fees.  Smiley
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects? on: June 16, 2020, 05:12:18 PM
One way or another, in many states for this period the legislative framework regarding the legalization of cryptocurrency circulation is adopted. In addition, there is a very strict control over the turnover of financial resources of each person, which increases the demand of centralized exchangers in the cryptocurrency market. Of course, a decentralized cryptocurrency exchange exists regardless of any state, and each cryptocurrency user can safely trade cryptocurrency without any consequences. But what a joy it will be that you will have a large amount of cryptocurrency funds worth millions of dollars and at the same time not be able to use them in real life, since in all states you need to indicate your income in declarations. although there is still the only chance to make a difference, it is to use offshore zones, but only a small part of cryptocurrency users can take advantage of these opportunities.

If you're sitting on millions worth of crypto, you either got extremely lucky, or you're extremely wealthy. If you're sitting on $100k worth, you can easily spend it for everyday uses without exposing yourself. There are groups where you can exchange FIAT => Crypto and vice versa, where you meet up face to face and do the deal. Similar to LocalBitcoins.

Demand for DEX's will explode eventually, no doubt.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Lightning Network - Thoughts? on: June 15, 2020, 03:20:31 PM
It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Trading instantly between "heavy" chains such as BTC and LTC is pretty important, and most likely why we haven't seen any REAL usage of DEX's as of lately. CEX's are just way faster to transact on, which is why people just use them instead.
The Lightning Network isn't easy to deal with as well as a standalone thing on top of BTC, so what these guys are working on, is pretty important for ALL DEX's in general.

True. Stakenet's DEX Aggregator is what will change everything, and make DEX's as easy to use as ANY CEX out there.

14  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Stakenet's Lightning DEX In Action Arbitraging Straight From Binance! on: June 15, 2020, 03:18:30 PM
ARB is a pretty good trading method and it only requires us to work hard to find exchanges with low prices. Stakenet does have users selling coins at a low price but the volume is very small. After clicking on the link and watching the video, I found that only a few people traded in very small quantities. Once bought, we can only buy from 4 - 6 $ and absolutely no available sell orders. So trading ARB is quite difficult when using stakenet. The team should promote marketing to gain more users and increase the volume of exchange.

When this is rolled out and released, you'll see WAY more volume. I actually predict that people are gonna love the speed of trading so much, that Stakenet will be among the top DEX's worldwide. Why? Because you can access all DEX order books from one single dApp.

They will pull and merge order books between CEX's and DEX's which will add MASSIVE liquidity to the DEX. Read up on their DEX Aggregator.

15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Stakenet - Next short term 10x - Here's why. on: June 15, 2020, 03:13:01 PM
Stakenet had a nice run yesterday. Anticipation for the final release of the DEX I guess. Once it's out, and we get the proper marketing, I'm sure this baby will fly. No doubt.

Luckikly I managed to buy in below 600 satoshi. Anything under 1000 is a steal though.  Grin

Well, it's hovering between 550 - 600 right now. Which is a bargain considering they've got a HUGE milestone completed very soon, which will likely be a game changer for all DEX's worldwide.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: June 15, 2020, 02:58:46 PM
Decentralized Oracles, defi, payment gateways, SPV, access to off-chain information, Dapps, monetize any service with Crypto, business and enterprise, public and private -
Blocknet does it all. Check out the Blocknet essentials in this new short guide with infographics that can be shared with newcomers or anyone else who wants to know the basics about the project and what it is capable of.

https://blocknet.co/blocknet-the-essentials/




This is an awesome rundown on the overall project, making it easier to understand for newcomers. Great move! Anyone holding BLOCK should share this around on social media, this project is so under the radar!  Wink
17  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Big money moving in next year, means greater demand for DEX projects? on: June 15, 2020, 02:55:13 PM
Unfortunately the BTC halving that has happened this year is not as expected by many investors, the price has indeed gone up but
did not reach all time high prices. Even so that does not mean the price of crypto can not return to the price of all time high, I still
have confidence that in 2021 the price can reach an all time high price. So the best step is to hold the crypto that you have, then
about DEX projects not happen huge demand. Because of the fact centralized exchanges are still more desirable than decentralized
exchanges. Many people need cashout in the form of fiat currency, and centralized exchanges provide these features.

True, but it would be overly optimistic to expect a massive green dildo breaking BTC's former ATH right after the halving. Look at the previous 2 halvings, and you'll see that the price actually declined first, and then slowly rose up. Give it some time.

Unfortunately the BTC halving that has happened this year is not as expected by many investors, the price has indeed gone up but
did not reach all time high prices.
Bitcoin is unpredictable so normally majority are wrong with their expectation, but at least we see some good price improvement.

Bitcoin did not reach its ATH in halving, but the good news is while people are expecting the market will dump due to covid-19, the opposite did happen and that is a good news for us. So, maybe we should be thankful and just wait until next year maybe we will see a new ATH.

Even so that does not mean the price of crypto can not return to the price of all time high, I still
have confidence that in 2021 the price can reach an all time high price. So the best step is to hold the crypto that you have, then
about DEX projects not happen huge demand. Because of the fact centralized exchanges are still more desirable than decentralized
exchanges. Many people need cashout in the form of fiat currency, and centralized exchanges provide these features.

Huge demand but still small compared to the centralized market total trading volume.
They have billions of daily trading volume, so probably if DEX can get at least $100 million, that would be considered an improvement but not a success yet.


I believe DEX's will be in huge demand WHEN they become as easy to use as a normal CEX. Blocknet's Litewallet aims to make trading over their DEX as easy as a click of a button, which is very appealing to me.
18  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Blocknet's DEX and Xrouter. Might Peak Next Bull Run. $100 Blocknet Speculation. on: June 11, 2020, 02:07:06 PM
Once Blocknet's Litewallet is released, which is a multi currency wallet with 1-click atomic swap trading from the integrated DEX by Blocknet. I'm sure volume will pick up.

19  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Any DEX to exchange USDT/DAI/USDC/TUSD to BTC? on: June 11, 2020, 06:04:05 AM
I see many DEX (Decentralized Exchanges) like Airswap, 1inch.exchange exchanging altcoins, but not offering BTC. Instead you should exchange first to WrappedBTC or any kind of BTC token.
Why isn't possible to exchange directly to BTC or are they any DEX supporting swap to BTC directly?

Stakenet will add USDT to their Lightning Network based DEX, once USDT is implementing it on their chain, probably sooner actually.

Stakenets DEX is by far the most innovative, fastest (instant trading) DEX you can find, and with their DEX Aggregator, combining multiple DEX order books together, liquidity will be plenty.
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Lightning Network - Thoughts? on: June 11, 2020, 06:00:45 AM
It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
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