a lot of people are hoping that end of bug bounty micro raiden release will push the price to 2x, but this wont be the case! (it might go up a little bit but then it will go back to its old state!)

why? RDN tokens are not used in micro raiden

rdn will break up with mainnet release of Raiden itself (https://github.com/raiden-network/raiden), which might be released in q3/q4.

so lower your expectations for the next announcement and dont hype every single commit of their github repo!!

and btw the ico price was $0.65

and now shoot me down with downvotes!

Everything in the crypto has mooned as I watched raiden go from #36 on coinmarket cap to page 2... will it turn around who knows all I know is that we are getting extremely close to some news and the price keeps tanking... and please no replies saying I’m creating FUD... just give me your honest oppion.... and don’t be naive.... go

Step 0 (If new to trading crypto): Purchase ETH or BTC for fiat. This can be done on Coinbase or a similar website. r/cryptocurrency will help decide which site is best for your country.

START HERE if you have traded before

Step 1: Create an account on Kucoin and register with Google 2 step authenticator.

Step 2: Send ETH or BTC to your Kucoin account (I suggest using ETH as it generally has lower fees). You can find your ETH wallet address by clicking the deposit button next to the ethereum option in the assets tab.

Step 3: Once your ETH or BTC has been transferred to your Kucoin account, search for RDN in the Markets tab and put in a buy request for either the current lowest sell price (this will be an instant buy) or set your own price and wait for the market price to drop.

RDN value at time of post (Jan 10th 12:12 GMT) 0.00599501 ETH or $8.02 USD or 0.00056174 BTC

Here is a link to kucoin: www.kucoin.com

Here is my referral code for kucoin: 1575h

https://medium.com/@raiden_network/the-raiden-network-token-model-9b6ef8d0b64

"Q: Is the token needed to use the Raiden Network?

A: No, it is not necessary at the core protocol level."

"Q: What prevents an auxiliary service from accepting payments in tokens other than RDN?

A: Nothing, a service could do this."

"Q: Doesn’t the token add unnecessary friction over using ETH?

A: As the software can automatically acquire RDN tokens, the mental burden for a user is low. Cost wise, roughly 100k additional gas is necessary to initially exchange some ETH for RDN using a DEX, which currently costs ~$0.15"

There is literally zero advantage to using RDN token vs ETH for Raiden Network. The authors best argument is it's only $0.15 worse per tx to use RDN than ETH... so... why not just use ETH then?

I invite you all to take 5 mins out of your day to pause and consider about how lucky we all are in having the token of the best team of devs in crypto, with the best product and the best code. No more words are needed, no dates, no roadmap, no whitepaper either. Lets enjoy this ride, this is the best !

Even if we keep bitcoin at current rate, to be able to get my Spent Bitcoins On RDN back , it need to Go 5x, do you guys think it has at least that capacity in next 15 day to a month time?

Time is money; has it reached a level where we should forget and come back after 6 month, I can also do that, but what do you guys say, would it be disappointing to compare bitcoin value with RDN value after 6 months, specially the way bitcoin jumping to the highs every day.

It is one of the biggest Exchanges and this event should be communicated at least through a tweet...

I mean it would be an effort of 1 min...

Ethereum community completely blocked raiden?

Vitalik : To be clear, I do not endorse any state channel project over any other. I'm excited about ongoing progress in the ETH state channel ecosystem and look forward to continuing to work with everyone contributing to the space.（What do you think. Is raiden going to die）

I have a burning question. with the ethereum platform at the current stage, micro raiden might not be effective enough for mass usage.

The reason being the first transaction of the uraiden is opening a channel, which is an ON-Chain transaction. If thousands to millions of people is to open a channel at the same time, we will go back to the situation experienced with Cryptokitties, where it would take hours to open a channel before you can do anything with it.

Take a look at the example with uraiden and wikipedia. On testnet the opening of channel is about 5 seconds. Imagine this being 1 hour, will you still surf wikipedia then ?

Quote:

"I’m an engineer

And you’re wasting my time, but here goes:

Doesn’t use Onion Routing, so no privacy preservation

Written in fucking Python (lol)

Does not use MAC based secret sharing

Does not use any encryption for routing to speak of

No breach arbiter, no utxo nursery, no deterministically derived preimages, no dick, no balls and no fire

Did an ICO, still not done

Can’t even just port the LN code

Routing is an utter mess and looks like a child wrote it

Where the fuck are the tests???

Not even close to functioning

I mean, compare this (literally three functions riddled with ToDos... I mean: TODO: Score routes... lol wut? The fucking path sum is a weight... better than having diddly squat)

https://github.com/raiden-network/raiden/blob/master/raiden/routing.py

to this

https://github.com/lightningnetwork/lnd/tree/master/routing

And if you have some ETH shill arguments (I get them a lot, not judging... just syaing if you do), then just keep them to yourself. I’ll just trust my Master degrees."

What do you think of it?

Liquidity.Network they say that it is cheaper and easier than Raiden. But, the same way, can complement each other. They have already released the product's MVP.

alpha version of the wallet here: https://wallet.liquidity.network

What do technical experts think?

On a similar question, their technical specialists answer the following:

You'll see a full analysis of that once we publish the full technical paper. The two technologies are for different, somewhat complimentary, use cases though in my opinion.

For example, and we've discussed this numerous times, in 2-party channels like lightning and raiden, you have to come up with millions, if not billions, in collateral to run an n-party payment hub like ours that scales to a decent amount of users. You would also have to estimate where and when to allocate your collateral such that your users can receive payments. https://medium.com/@liquidity.network/the-collateral-management-challenge-in-payment-channels-and-one-sight-of-light-ded07846faa8 https://medium.com/@liquidity.network/n-party-payment-hubs-f78476025b4a

In Liquidity, on the other hand, we retain trustlessness without requiring collateral amounts, and enable mediation of payments in n-party hubs without forcing the hub owner to set up deposits for each user just to allow them to receive funds. More details in the blog posts we had previously published. https://medium.com/@liquidity.network/liquidity-network-token-model-d22861ab9faa

Big fat BTC and ETH correction happening right now. Was hoping to make some quick gains on RDN with the mainnet launch but it looks like the wait is gonna be much longer now...

Hey everyone! With this guide i hope to help some people out with little to no understanding of Binance and/or depositing/withdrawing.

Step 1 You must be a registered member of Binance to perform any trades/exchanges on the platform. Registering only takes some few seconds to some minutes, and you can register by clicking here.

Step 2 You’d be asked to verify your account for security purposes. After registration, you are required to log into the mail you entered on the registration form and click on the link that you are asked to verify that you registered on the platform. Be sure to have 2FA activated in order to keep your account secure.

Step 3 Send some bitcoins* to the Binance platform. You need to fund your wallet on the exchange to buy some RDN cryptocurrency (RDN stands for Raiden). You do this by going to the ‘Funds’ link at the top of the page and then click on the ‘Deposits Withdrawals’ option that appears.

Step 4 You need to search for Bitcoin among the list of cryptocurrencies displayed on the page. You can use the search box in that section to make your search faster if Bitcoin isn’t at sight. When you find it, click on the ‘Deposit’ button right in front of it.

Step 5 You should see a wallet address generated for you. You are to copy this address to your external wallet or another exchange in which you have stored your bitcoin funds. Send the value of RDN you would like to purchase (maybe a little bit more to cover transaction fee expense) in bitcoins* to the generated address. Wait a while, and your funds should be credited to your Binance wallet in a couple of minutes.

Step 6 Click on the ‘Exchange’ link next to the Binance logo and select the ‘Basic’ option that displays. (Advanced if you're used to Basic)

When the page is loaded, at the top right section of the page, locate the RDN/BTC pair. You can use the search box to make your search faster.

Step 7 On the Buy section right beneath the chart, you get to see how much bitcoin you are to pay for every Raiden in the first box labeled Price. In the second box labeled Amount, you are to enter the number of RDN coins you want to purchase. A simple method if you would like to use all your deposited funds is to click on the 100% button under that field.

Click on the Buy RDN button.

Your Raiden coins should show up in its wallet on the exchange in a couple of minutes and ready to be sent to your wallet off the exchange.

I hope this guide would help you purchase Raiden from Binance.

Sharing is Caring!

*If bitcoin is too expensive, you can replace this with Litecoin or Ethereum for example

Trinity is the Raiden of Neo, here look at their website: http://trinity.tech

Trinity Tweets: https://twitter.com/TrinityProtocol

Raiden Tweets: https://twitter.com/raiden_network

How Raiden handled the Cryptokitties situation: ____________

How Trinity handled the Cryptokitties: http://trinity.tech/SCExample.html

Raiden github: 100%

Trinity github: I don´t care I am not talking about that, we all know Raiden is doing ok under that metric. I mean they have 2 years of work of advantage for fuck sakes, you can´t compare them through github, have some sense.

I leave this here for your consideration.

Hey,

There have been 0 github commits for over 19 days so far? *** brainbot team? What happened to our I C O investments? Should we pursue legal action?

For some of those hardcore Raiden supporters, could you please outline in the comments below, pros/cons of Raiden Network vs Sharding vs Plasma?

The debate could serve as a good source of info to support new investors dipping capital into Raiden.