/biz/ - Business & Finance

I spend 18 hours a day on this board fudding every coin in my portfolio

You? You hold XRP? You know you need 40k to even open a wallet, right?

It’s all simply business. There are multiple reasons why it is ideal for Tomo to actually acquire Lition blockchain instead of just a partnership.
The first would simply be for on paper liability. You are about to go worldwide with new technology that still has tons of “gray area” when it comes to multi country regulations. Let’s say one day you piss the SEC off and they decide they want to collect a fine, you don’t want them coming and taking your German energy company’s money. Works the same way in reverse. If I’m building on Lition I don’t want the German government coming and taking money from the blockchain company because they want to collect fine from the energy company. The separation of asset ownership protects both assets.

The second reason is marketing and business aesthetics. From a marketing standpoint, is it easier for a small German energy company to sell groundbreaking blockchain technology, that they made to run their startup business, or is it easier for a blockchain company to to sell blockchain technology that already has a small German energy company successfully using it?

Simple example. It’s stupid I know but go with me. What if a tiny mom and pop burger shop, let’s call it “Rich’s burgers” invented a jet engine that was 50% more efficient and 50% cheaper. What would be the best way to sell that jet engine? Sure it’s 50% more efficient and half the price but do you think Boeing would put a meeting on the books with “Rich’s burgers” to buy jet engines? The better option would be if “Rich’s burgers” made a deal with GE aviation to go and sell their jet engines to large plane manufacturers.

Even in the tiny crypto bubble we are in 80% of the people think Lition is just an “energy token”. We need a “blockchain company” to be the face of the “blockchain business”.

At what point did it hit you and made you realize you were in too deep?