Intelligent Masternodes?

[GucciBoy]

Base on the image provided it says that bitcoin transactions are expensive/high fees.

But if you are using electrum wallet, you can pay as low as 1 sat per transaction which can be confirmed within the next blocks. So, how can you say that it's a high fee if you're only paying for 1 sat. You can increase it if you want a little quicker.

As nice as that may be, people need Bitcoin transactions to be fast and cheap.
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems so people can buy actually buy coffee with Bitcoin and have it be as easy as paying with cash.

you did spoke my mind concerning the bitcoin speed of transactions. Just as we beckon on adoption. If the 8 billion people on earth massively adopt bitcoin, will btw still remain the primary mode of transactions in the digital sphere due to it slow network? We all saw what happened to ethereum at its peak some months ago

In late 2017 I tried to send $20 to a friend of mine, but had to pay a wooping $50 in fees to do so. BTC just doesn't scale properly, and NEEDS the Lightning Network to do so. Thinking otherwise is just being delusional at this point.

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[suryapro]

speed is required in every transaction, but the costs incurred must be calculated. do not let us later when making a transaction experience swelling costs

[Wh00re]

speed is required in every transaction, but the costs incurred must be calculated. do not let us later when making a transaction experience swelling costs

The Lightning Network is capable of transacting with fees as low as 1 satoshi, so it's way WAY cheaper than on-chain transactions

[Flux0z]

Masternodes can be used for so many decentralized services, and I'm sure these Stakenet developments is just a drop in the ocean of what's actually possible to run in such a scenario. 5 years from now, we'll basically be running TONS of decentalized services the public can use at a low cost, providing a nice little passive income for those who choose to setup these servers.

With the Stakenet Cloud hosting service, setting up a masternodes takes less than 10 mins, and even my mom can do it, haha.

[HomeBoyChild]

This looks extremely interesting, and I can't believe why nobody seems to care about Lightning Network transactions. It pretty much solves everything. The way I see it is that people is afraid of centralization if it's being used straight on top of BTC. Other than that, it's pretty genius!

[jahepahit]

if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same

[Marckolind]

if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same

The Lightning Network can lower transaction costs by up to 90%+, which is a HUGE advantage. It also makes transactions near instant, as transactions happens off-chain - meaning you don't need to wait for blockchain confirmations.

[LeoBTCGod]

if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same

The Lightning Network can lower transaction costs by up to 90%+, which is a HUGE advantage. It also makes transactions near instant, as transactions happens off-chain - meaning you don't need to wait for blockchain confirmations.

With all these advantages, I really wonder why the Lightning Network in particular isn't discussed more than it is, anyone know why? It seems like the OBVIOUS answer to scale BTC, yet it seems like people are ignoring it completely.

I wonder why 

[Marckolind]

if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same

The Lightning Network can lower transaction costs by up to 90%+, which is a HUGE advantage. It also makes transactions near instant, as transactions happens off-chain - meaning you don't need to wait for blockchain confirmations.

With all these advantages, I really wonder why the Lightning Network in particular isn't discussed more than it is, anyone know why? It seems like the OBVIOUS answer to scale BTC, yet it seems like people are ignoring it completely.

I wonder why 

There's a lot of people still, who don't understand the Lightning Network and it's benefits as a scaling solution. Let along fewer people who understands how Stakenet solves the centralized aspect of the Lightning Network using masternodes as "Lighning Routers".

Anyone who actually digs down in this will see the bigger picture. 

[Flux0z]

if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same

The Lightning Network can lower transaction costs by up to 90%+, which is a HUGE advantage. It also makes transactions near instant, as transactions happens off-chain - meaning you don't need to wait for blockchain confirmations.

With all these advantages, I really wonder why the Lightning Network in particular isn't discussed more than it is, anyone know why? It seems like the OBVIOUS answer to scale BTC, yet it seems like people are ignoring it completely.

I wonder why 

There's a lot of people still, who don't understand the Lightning Network and it's benefits as a scaling solution. Let along fewer people who understands how Stakenet solves the centralized aspect of the Lightning Network using masternodes as "Lighning Routers".

Anyone who actually digs down in this will see the bigger picture. 

I honestly don't think anyone truly understands it, before they get their hands on the dApp itself and experiences how fast and easy it is to use. I've seen so much hate against the Lightning Network on other social media platforms such as Reddit, and I can see why. Lightning isn't a feasible solution without a platform to handle it all, which is where Stakenet comes in.

[Aaroenz0r]

Stakenet is really one of the hot topics of crypto technology forums. The team has done a great job of serving bitcoin transactions quickly and without fee. But it is important that they ensure the security of their property. Because when any app is opened, we need the prestige of the team and that can help many people to trust and use it. Trustwallet is a good example, they have very good PR and now there are quite a few people using their services. I want to see Stakenet advertised more, a bounty campaign would be a good idea.

[TheGreatPython]

Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.

I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.

[Marckolind]

Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.

I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.

You can pay for your VPS using XSN via the Stakenet Cloud service at only $0.15/day paid in XSN per masternode. This means that I don't pay anything out of pocket to run my nodes. This is just one of many decentralized services.

Stakenet invented Cold Staking back in 2017, meaning you can stake XSN while your wallet is shut down.

Cross Chain Proof Of Stake (CCPOS) is coming as well, allowing you to stake XSN, and recieve ANY coin you want as reward. Meaning you can cold stake XSN, and recieve BTC if you want to

[coinfinger]

Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.

I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.

That is really a great perspective like we should not allow money to move out of crypto world. Any staking method should encourage people to keep on investing within crypto world. I completely agree with you because each and every penny is more important if a concern about building more valuable future. When we are spending some $5 for VPS hosting every month then that will end up summing up very big money over the time and when we are calculating for thousands of crypto adopters then it will be a very huge money but it is going really out of crypto world. That is very bad. So, masternode concept should not be encouraged in my opinion too.

[LeoBTCGod]

Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.

I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.

That is really a great perspective like we should not allow money to move out of crypto world. Any staking method should encourage people to keep on investing within crypto world. I completely agree with you because each and every penny is more important if a concern about building more valuable future. When we are spending some $5 for VPS hosting every month then that will end up summing up very big money over the time and when we are calculating for thousands of crypto adopters then it will be a very huge money but it is going really out of crypto world. That is very bad. So, masternode concept should not be encouraged in my opinion too.

You completely miss the point of masternodes.  

Masternodes is not supposed to be hosted by the average Joe. A masternode is basically a server you setup, which is online 24/7. This is of HUGE benefit as it can take jobs benefitting YOU as the consumer.
A network of 2000+ masternodes can host a multitude of decentralized dApps and services that empowers the blockchain it runs on. I'm paying ZERO dollars on my masternodes, as I use the Stakenet Cloud to host my nodes, this supports the project, and I'm basically just paying the VPS costs using parts of my profits.

Traditional masternodes is useless as they don't do anything other than verifying transactions on the network, same as someone staking basically. You can run a masternode without a VPS on your own computer, but if you plan to run more than one, you wont be able to, as you need different IP's and hardware to do so.

[qwizzie]

Intelligent masternodes can be dangerous, they could one day become self aware and choose to
keep masternode payments to themselves.

Masternodes --> Intelligent Masternodes --> Skynet

 

[LeoBTCGod]

Intelligent masternodes can be dangerous, they could one day become self aware and choose to
keep masternode payments to themselves.

Masternodes --> Intelligent Masternodes --> Skynet

 

What have you been smoking dude?  Masternodes are essentially just servers that verifies transactions and secures the network. In this scenario, you assign them more jobs benefitting everyone using the eco-system. It's a win/win for everybody.

[Marckolind]

Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.

I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.

That is really a great perspective like we should not allow money to move out of crypto world. Any staking method should encourage people to keep on investing within crypto world. I completely agree with you because each and every penny is more important if a concern about building more valuable future. When we are spending some $5 for VPS hosting every month then that will end up summing up very big money over the time and when we are calculating for thousands of crypto adopters then it will be a very huge money but it is going really out of crypto world. That is very bad. So, masternode concept should not be encouraged in my opinion too.

You completely miss the point of masternodes.  

Masternodes is not supposed to be hosted by the average Joe. A masternode is basically a server you setup, which is online 24/7. This is of HUGE benefit as it can take jobs benefitting YOU as the consumer.
A network of 2000+ masternodes can host a multitude of decentralized dApps and services that empowers the blockchain it runs on. I'm paying ZERO dollars on my masternodes, as I use the Stakenet Cloud to host my nodes, this supports the project, and I'm basically just paying the VPS costs using parts of my profits.

Traditional masternodes is useless as they don't do anything other than verifying transactions on the network, same as someone staking basically. You can run a masternode without a VPS on your own computer, but if you plan to run more than one, you wont be able to, as you need different IP's and hardware to do so.

There's a lot of people to this day, who don't understand the underlying benefits of masternodes. I remember when I heard about "masternodes" back in like 2014-2015 implemented on Darkcoin (Now DASH) I simply didn't get it, and passed it as being "stupid", little did I know that it drove up the price of Darkcoin amazingly well due to the low supply.

[qwizzie]

Masternode must be a worst idea in my opinion because it let our money to be spent for VPS whereas with POS you may spend all your money into cryptos which again may work for you. But the money you spend for VPS is going away from this crypto space which will indirectly affect all of us in long run. Just take time to think about it.

I mean every single penny must be important.; So, why should we allow money to be going away from this crypto space in the name of setting up masternode. All masternode operators must think about adopting POS algorithm which must be the great thing we must have because it encourages the investors by paying interest to their money.

That is really a great perspective like we should not allow money to move out of crypto world. Any staking method should encourage people to keep on investing within crypto world. I completely agree with you because each and every penny is more important if a concern about building more valuable future. When we are spending some $5 for VPS hosting every month then that will end up summing up very big money over the time and when we are calculating for thousands of crypto adopters then it will be a very huge money but it is going really out of crypto world. That is very bad. So, masternode concept should not be encouraged in my opinion too.

You completely miss the point of masternodes.  

Masternodes is not supposed to be hosted by the average Joe. A masternode is basically a server you setup, which is online 24/7. This is of HUGE benefit as it can take jobs benefitting YOU as the consumer.
A network of 2000+ masternodes can host a multitude of decentralized dApps and services that empowers the blockchain it runs on. I'm paying ZERO dollars on my masternodes, as I use the Stakenet Cloud to host my nodes, this supports the project, and I'm basically just paying the VPS costs using parts of my profits.

Traditional masternodes is useless as they don't do anything other than verifying transactions on the network, same as someone staking basically. You can run a masternode without a VPS on your own computer, but if you plan to run more than one, you wont be able to, as you need different IP's and hardware to do so.

There's a lot of people to this day, who don't understand the underlying benefits of masternodes. I remember when I heard about "masternodes" back in like 2014-2015 implemented on Darkcoin (Now DASH) I simply didn't get it, and passed it as being "stupid", little did I know that it drove up the price of Darkcoin amazingly well due to the low supply.

Dash's Masternodes, what are they ? how many are there ? why should i care?
Link : https://bitcointalk.org/index.php?topic=860067.0
Date : 17 November 2014

I don't think it was just the low supply driving up the Dash price. Features like privacy (DarkSend), getting paid for running a masternode, the interesting MN payment schedule over time,
the decentralized budget and governance system that followed soon after and having trust in the development team also played a role i think.

Here is an overview of number of active Dash masternodes over time :



It will be interesting to see if number of active Dash masternodes has reached equilibrium by now (at around 4600 masternodes) or if there is still room for growth.

[hassancisse]

IQ cash is one of the best masternodes out there at the moment. Its already on coinmarketcap